MEANWHILE BACK IN AMERICA
Today’s Wall Street Journals headlines read, “WALL STREET BACK ON TRACK TO AWARD RECORD PAY”. By contrast, the headlines in the L.A. Times business section included, “DEFAULTS LIKELY TO KEEP RISING”. “Major U.S. Banks and securities firms are on pace to pay about $140 billion this year, a record high that shows compensation is rebounding [...]
LET’S “PRAY” THIS IS THE START BEFORE THE AVALANCHE
Jeffrey Immelt, CEO of G.E. now claims overseas outsourcing has gone too far and recently conceded his company must start bringing its overseas manufacturing back home for the long term good of his company and country. Time will tell to see if his words are matched by his actions. I have little faith in Immelt [...]
LET’S BUILD A COUPLE OF CASINOS AND A RACE TRACK IN MANHATTAN
This morning on CNBC I watched and listened to a sharp looking, velvet tongued blond bombshell who claimed she was a highly successful Hedge Fund Manager. She had the gall to tell the audience that Hedge Funds played no part whatsoever in the financial crisis that has caused the greatest recession in the last seventy-five [...]
CHINA AT LAST ADMITS EXPORTS HAVE COLLAPSED
I don’t know what it is, but the media’s love affair with everything China just keeps growing. Take their stimulus plan for example. They announced a miserable $500 billion package (most of which was already ear marked and spent on existing projects) for their 1.2 billion people and we are being told its effects have [...]
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