Thursday, August 18, 2011
Wednesday, August 17, 2011
Tuesday, August 16, 2011
Sunday, August 14, 2011
Saturday, August 13, 2011
... Is Painful to Watch
Norman Podhoretz: What Happened to Obama? Absolutely Nothing.
One Thing Became Clear This Week: The Fix Is In
Italy calls for euro bonds as UK backs fiscal union
Friday, August 12, 2011
...Is Painful to Watch
The Securities and Exchange Commission has asked Standard & Poor's to disclose who within its ranks knew of its decision to downgrade US debt before it was announced last week, the FT reports.
US retail sales in July posted their biggest gain since March, tempering fears that the world's largest economy might be slipping back into recession.
Thursday, August 11, 2011
Friday, August 5, 2011
Wednesday, August 3, 2011
... Kill Energy's Golden Goose
To solve the European debt crises, Germany must suffer inflation – or leave the euro
"Sudden And Unexpected" Burst Of Downsizing Causes Layoffs To Explode Nearly 60% In July
Private sector payrolls rose at a faster pace than expected in July, but a surprising increase in layoffs helped push the number of announced jobs cuts to a 16-month high, separate reports showed.
Tuesday, August 2, 2011
After the drama of the debt ceiling talks which went down to the wire, investors are now refocusing on the sharp slowdown in the US economy, as downgrades of historical growth estimates show how weak the recovery has been.
CNBC.com Article: Tuesday Look Ahead: Markets May Put Aside Washington After Vote and Turn to Economy and Europe
More relieved than satisfied, markets will shift attention from Washington to the sluggish U.S. economy and Europe's debt problems.
Monday, August 1, 2011
Obama was admitting he was bluffing. Actually, his play was even worse than that. A bluff is a pretense. The bluffer knows he has a weak hand but bets as if he has a strong one in order to induce his opponents to fold. Obama had a weak hand but thought he had a strong one.
debt-ceiling compromise now slowly working its way through a political
minefield would cut deficits by at least $2.1 trillion over 10 years.
The finding, reported in a letter to Speaker John A. Boehner (R-Ohio)
and Senate Majority Leader Harry Reid (D-Nev.), is fresh ammunition for
supporters of the plan in the face of conservative opposition that the
spending cuts are too small.
Guess what happened to that Obama recovery? - Hot Air
A Tea Party Triumph
More bad poll news for Obama as debt deal brings smiles to Capitol Hill