tagged w/ American Economy
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When the Republican Caucus cloistered at Dracula’s castle in Transylvania after the 2010 elections, they decided the utter ruination of the American economy would be just the thing to ensure this Kenyan pretender would not be reelected.
Therefore, the Republican reaction to the better-than-expected job news Friday and the fact that unemployment had dropped for the 5th month in a row was hardly an occasion for celebration. Let’s sample some GOP reaction.
http://deepbrainmedia.com/2012/02/04/republican-reaction-to-fridays-good-news-on-employment/When the Republican Caucus cloistered at Dracula’s castle in Transylvania after... more
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SEOUL, South Korea — Former Federal Reserve Chairman Paul Volcker says the U.S. central bank's plan to buy hundreds of billions of dollars in government bonds probably won't do much to boost the economic recovery.
The Fed announced Wednesday that it would purchase $600 billion in Treasurys, aiming to lower long-term interest rates in an effort to spur spending and ultimately lower the U.S. unemployment rate, currently at 9.6 percent. The move comes on the heels of previous purchases of $1.7 trillion in mortgage and Treasury bonds.
Volcker told a business audience in Seoul that the Fed's bond plan is obviously an attempt to spur the U.S. economy but "is not the kind of action that's likely to change the general picture that I've described as slow and labored recovery over a period of time."
Read More: http://globalpoliticalawakening.blogspot.com/2010/11/volcker-calls-fed-plan-illusion-wont.htmlSEOUL, South Korea — Former Federal Reserve Chairman Paul Volcker says the U.S.... more
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Financial institutions on Wall Street are preparing to pay a record 144 billion dollars in compensation and benefits, according to a study published in the Wall Street Journal. The payout, covering bonuses, premiums and stock options for the firm's executives and employees, is a four-percent raise over the previous record 139 billion dollars that was handed over in 2009.Financial institutions on Wall Street are preparing to pay a record 144 billion... more
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If you still have a job and you can put food on the table and you still have a warm house to come home to, then you should consider yourself to be very fortunate. The truth is that every single month hundreds of thousands more Americans fall out of the middle class and into poverty. The statistics that you are about to read are incredibly sobering. Household incomes are down from coast to coast. Enrollment in government anti-poverty programs sets new records month after month after month. Home ownership is down, personal bankruptcies are way up and there are not nearly enough jobs to go around. Meanwhile, the price of basics such as food and health care continue to skyrocket. Don't be fooled by a rising stock market or by record bonuses on Wall Street. The U.S. economy is not getting better. After World War II, the great American economic machine built the largest and most vigorous middle class in the history of the world, but now America's middle class is disintegrating at a blinding pace.If you still have a job and you can put food on the table and you still have a warm... more
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Is the September 11, 2001 Embedded in the USA’s Currency’s Symbol "$"?
1]. It is quite interesting to examine the symbol of the Currency of the USA, that is the Dollar symbol “$”.
2].The symbol "$" is made up of the two elements - S and 1 or S + 1
3].The alphabet 'S' is the 19th in number in succession/order from the first alphabet "A" in the English language.
4]. Now, the alphabet "S" stands as a short form for the month of the September.
5].The symbol "$" consists of two different numbers, i.e., S = 19 and 1
6]. S = 19 or 1+9 = 10 or 1+0 = 1
7].The symbol "$" means S and 1= [19] and 1 or [1+9] and 1 or [10] and 1 or [1] and 1 or 1 and 1 or 11
8].So, the symbol "$" = September 11
9]. Now, the next interesting question is how can we say that the year 2001 is embedded in the symbol "$", too?
Let us examine this aspect as under:
We have already seen above that the symbol "$" is made up of the two elements - S and 1.
Now, the symbol "$" means ‘S’ and ‘1’. This time, let us add the numerical values of these two different elements.
"$" = S+1 = 19+1 = 20 ..................... [a]
So, the number ‘20’ indicates the first two digits of the year.
Now, we have to find the remaining two last digits.
This time we shall subtract the numerical value of the alphabet 'S' [19] from the total additive numerical value of the symbol "$" [20] in the following novel way:
20
- 19
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01 ....................... [b]
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Now, this numerical value "01" is indicative of the last two digits of the year to be found.
Therefore, [a] and [b] or [20] and [01] = 20 and 01 = 2001
So, the year is 2001
Now, it's fully clear that the symbol of the Currency of the USA, that is the Dollar symbol "$" carried embedded within itself the indications about the most unfortunate tragedy of the 11th September 2001.
NOTE: Generally, it’s easier to decode these important historical dates/events once these have happened. But, it really is pretty much difficult to decode these dates/events in advance.Is the September 11, 2001 Embedded in the USA’s Currency’s Symbol... more
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Several thousand demonstrators marched through the New York financial district this past week in a protest led by labor unions. They said Wall Street's biggest banks must account for record profits while average Americans still suffer financially.Several thousand demonstrators marched through the New York financial district this... more
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American International Group has paid another round of employee bonuses, worth about $100 million, a year after similar payments at the bailed-out insurance giant infuriated many Americans. Meanwhile, Goldman Sachs, another firm bailed out by US taxpayers, has just announced that its chief executive, Lloyd Blankfein, received a stock-based bonus of $9 million in 2009.American International Group has paid another round of employee bonuses, worth about... more
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The aerospace giant more than doubles its planned layoffs in light of a $56 million net quarterly loss and signs of trouble ahead.
With demand for commercial jets losing altitude, Boeing (BA) reported a $56 million net loss for the fourth quarter of 2008 and said it is taking some tough steps to keep itself aloft. Will the moves pay off? It's not clear, and Boeing managers for now say they can't see well enough beyond 2009 to make a firm call. The "visibility" just isn't there from 2010 and beyond, says CEO W. James McNerney Jr.
Boeing on Jan. 28 reported surprisingly bleak results, even as its top executives forecast a modest rebound in sales this year. McNerney, citing "challenging economic times," doubled the number of jobs he plans to cut this year. Whereas Boeing on Jan. 9 said it would lop some 4,500 jobs from its commercial plane unit, McNerney hiked the figure to 10,000 on Jan. 28 and said the cuts would be spread all across Boeing's global operations, most of them in places other than the company's Seattle-area commercial-plane facilities. Such steps, amounting to a 6% trim in Boeing's workforce, are needed to preserve the company's financial strength, McNerney maintained.The aerospace giant more than doubles its planned layoffs in light of a $56 million... more
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Kepano
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added this
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3 years ago
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And it's cutting 5,000 jobs, the first big layoffs in its 33-year history. The economic mess has highlighted Microsoft's vulnerabilities. It is time for boss Steve Ballmer to stop dabbling in unprofitable business ventures and focus on his exposed core product lines.
Even in the downturn, Microsoft remains the 800-pound gorilla of the software industry. It earned $4.2bn last quarter. But that's an 11pc drop from a year ago and well below what the market expected.
Shareholders responded by wiping some $14bn of value off Microsoft's market capitalisation following the announcement.Its layoffs are even more worrying than its earnings disappointment.
When Microsoft's cash flow was surging, keeping 90,000 employees on hand seemed worthwhile. Its desire to cut costs now is a sign that it sees tougher times ahead.
Read and Discuss...And it's cutting 5,000 jobs, the first big layoffs in its 33-year history. The... more
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Deficit for this budget year is to rise to $407 billion, more than double in '07
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Economies might not be as insulated from America’s as once thought
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Well not yet, but by the spring. President Bush signed legislation on Wednesday to rush rebates ranging from $300 to $1,200 to millions of people to help the country to narrowly avoid a recession.
In order to get your rebate, you have to file your 2007 taxes first (and have a valid Social Security number)! Well not yet, but by the spring. President Bush signed legislation on Wednesday to... more
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