Articles for Business & Finance

EXCERPT: The U.S. lost more jobs than forecast in August and the unemployment rate climbed to a five- year high, heightening the risk that the economic slowdown will worsen.      Payrolls fell by 84,000 in August, and revisions added another 58,000 to job losses for the prior two months, the Labor Department said today in Washington. The jobless rate jumped to 6.1 percent, matching the level of September 2003, from 5.7 percent the prior month.   ...

EXCERPT: MoronInCharge’s posting of The Dumbest Short-Term Fix Ever  hit the nail on the head.  But Hilliary’s calculated pander is hardly a flash in the pan alongside of the rich vein of fool’s gold being mined feverishly by DC World.     The mortgage credit bailout will be the mother load for these prospectors insulated from reality in their DC caves inside the Green Zone Belt – and it will have LOOOONG-term effects.  You might say...

EXCERPT: the people on ebay have their heads up their asses. this is an article about my one and only ebay buying experience. i must say its been rather rocky, and at the moment i am still out of 40 some odd bucks.
i made my ebay account well over a year ago at my old apartment. i moved, and updated my address and s*** on ebay. at least i thought i did, somewhere in the mayhem of changing it, it left my old address as my primary one.
so i buy this leather trench coat. yeah, a leather trench...

EXCERPT: Good news.  We lost only 80,000 jobs according to the U.S. Department of Labor Employment Stituation Summary for March .  That is a relief for Wall Street, which has been suffering much over the last few months.  That makes it just three months of disappearing jobs so far this year, and the economy is still robust with consumer spending still strong.    Of course that will be revised over the coming month or two, but it will probably not...

EXCERPT: I told my wife at least two years ago that those of us that understood our own situation, what was going on in the national and global economy, and who were acting responsibly, were going to be required to pick up the tab for the greedy seedy fast buck artists and their vast constituency of Average American dullards when the bill came due.      I hate it when I am so very right!   Of course it takes two to tango.  In the Tango, one leads and...

EXCERPT: What’s with this inflation figure we keep getting from the Fed?    The inflation figure that is trotted out regularly masquerading as the rate of inflation you and I battle with daily is in fact something called ‘core inflation’, although that is a distinction that does not come with the regular pronouncements by our leadership in DC.  Core inflation is Real Inflation: ex Food and Oil.       Of course you and I have to...

EXCERPT:    Bubble heads, not Bobble heads.     The pundits are having a very difficult time, and have had for many months, trying to decide whether there will be a recession, or if in fact we are in the beginning throes of one.   It reminds me of a back seat full of kids on a long trip whining over and over again “Are wee theeere Yet???”    Scott Sperling, the co-president of private equity firm THL Partners, was just...

EXCERPT:    The number of foreclosures on “home owners” was nearly 60 percent greater in February than the same month a year ago.   But Bear Stearns will be bailed out, so don’t concern Honeywell’s Phoenix based aerospace division has won a contract to supply flight-control systems for the Gulfstream G650 jet.  The contract could amount to a whopping 3 Billion USD.  The division announced last month that it was laying off 420...

EXCERPT: Gold punched through the 1000 USD level last Friday.  Widespread concern about the outlook for the U.S. economy pushed the dollar to a record low of almost $1.59 against the euro.  The euro came on the world financial scene about seven years ago at value of 80 cents.   The Canadian dollar, which has hovered around $0.70 USD for decades, is now valued at $1.01 USD.  And you may have read that the Taj Mahal and other tourist attractions will not accept...

EXCERPT: Bush’s Secretary of the Treasury assured us Thursday that the Administration is on top of the mortgage crises.     A new Bush Administration initiative calls for a series of actions designed to avert the kind of housing and credit crunches that are threatening to throw the nation into recession.   Treasury Secretary Paulson revealed that a presidential working group wants stronger regulatory oversight of mortgage lenders to avert the kind of credit...