Browsing All Posts filed under »ECONOMY«


August 31, 2013


President Obama may be shrinking in the hearts and minds of his people, but he has always been at his most powerful and persuasive when he has seemed the odd man out. He reaches the height of his oratorical abilities. Witness our lesson for yesterday: “We don’t want the world to be paralyzed,” Obama said […]

Do We Need A Write-In Candidate for President?

June 13, 2012


Can there still be a write-in campaign for President? We live in a talentless political landscape coping with 40% loss of income for middle-class America, terrorism and Lindsay Lohan. Neither education nor therapy seems to work here anymore. Our politicians only make the news when they make a mistake; our Hollywood stars are expected to […]

Carla Bruni in Marrakesh: Arab Pro-Democracy Activists Angered.

December 26, 2011


Global anger of the have nots against the haves is getting rather ridiculous.  Last week, Carla Bruni Sarkozy, wife of France’s President, flew out to Morocco ahead of her husband with their  infant daughter to spend the holidays.  Of course for security and other reasons (she was there accompanied by 10 body guards) she has […]

Inflation, Interest Rates and Jobs – Where Are We Headed?

October 27, 2011


Back in January, 2011 when the members of the Board of Governors and Presidents of the Federal Reserve Banks met, participants viewed the outlook for economic activity and inflation as having weakened significantly since last October, when their last projections were made. As indicated in Table 1 and depicted in Figure 1, participants projected that […]

Study of Businesses and Their Connectivity Raises Concern for Global Economic Stability

October 20, 2011


Here’s a scary bedtime story I found at midnight tonight: ‘One super-corporation runs the global economy’… and it could be terrifyingly unstable Well, now, we of a suspicious nature who believe in conspiracies will almost feel justified.  And then to learn that Banks are the largest players…. A University of Zurich study ‘proves’ that a […]

Newt Gingrich – It’s Not a Surge But He is Steadily Rising in Some Polls

October 18, 2011


In recent days, various polls including Rasmussen have Gingrich down as having moved slowly to a distant 3rd place behind Romney and Cain.  This has prompted a spilling of ink over the possibility that Gingrich may be the come from behind dark horse.  Over at the Daily Beast, Howard Kurtz  has written: Newt Gingrich summoned […]

Princeton Prof West and Travis Smiley See Socialism in Bank Bailouts

October 14, 2011

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Right on Professor West.  West is Cornel West the Democratic politico better known as “radical” who endeavors to keep the Martin Luther King Legacy alive. Cornel West is a prominent and provocative democratic intellectual.  He is the Class of 1943 University Professor at Princeton University.  He graduated Magna Cum Laude from Harvard in three years […]

You Know It’s A BAAAAD Economy When The Chinese Stop Buying At Auction

October 7, 2011

Comments Off on You Know It’s A BAAAAD Economy When The Chinese Stop Buying At Auction

Has the bubble burst?  Honk Kong is the third largest art market after London and New York and recent results at Southebys ‘ there suggest that things are cooling off after several heated years of astounding increases in record prices paid for typical Chinese items such as Asian Antiquities and fine wines. The sales in […]

The Stock Market and The American Dream: It Hasn’t Always Been About Goldman Sachs and the Greed and Control of Large Investors

October 5, 2011


Over at, my good friend has written a blog that has had an electrifying response titled “The Ugly Honesty of a Financial Trader.”  The response was overwhelmingly in favor of tar and feathering the man in the video below and riding him out of town on a rail: Like all other stories, there are […]

If You Don’t Get It Right In the 1960s; Trot It Out On Wall Street 2011

October 4, 2011


Here’s a face I would know anywhere but a person I do not recognize.  It is the face of a shrill, intellectually tortured young  revolutionary who surely must have the DNA of a 60s radical running through his/her veins.  Even the glasses belie the ’60s origins of the ideas on US territory. Kill rapacious capitalism […]

Kodak Nears Bankruptcy: Remembering “The Big Yellow Box” and the Quality of Life It Made Possible in Rochester, NY

October 1, 2011


George Eastman is credited with making Rochester a high tech town and keeping it that way.  Rumor is that Henry Ford wanted to build a car plant here and Eastman told him to take it down the road, thanks. Among the kinds of businesses supported in the late 1800s were shoe and garment making, buggy […]

Bank of America in Trouble – Excuse Me While I Dance and Sing

September 30, 2011


This morning the following arrived from Huff Post Hill: BANK OF AMERICA JUST BEGGING TO GO DOWN – Bank of America today announced that it would begin charging $5 per month for debit card usage, because defrauding homeowners and cashing taxpayer checks was no longer a winning business model. Well, they announced that first part, […]

2012 Racial Race to the White House

September 25, 2011


The issue of illegal immigration infected the GOP Presidential debates.  Perry supports financial breaks for illegals from Mexico and South America to go to school.  That has unleashed a firestorm. And now the President of the United states, not trusting in his seconds to do it for him or his seconds having refused to do […]

Bloomberg Cautions Riots from Jobless – Especially Jobless College Grads

September 18, 2011


The prospect of future social unrest in America just got a boost and press compliments of Mayor Bloomberg of NYC.  When the sons and daughters of those who could afford to send their children to college end up suing their colleges for inflating facts and figures about job availability in the legal profession, you have […]

What? CNN Poll Sees More Trust in Economy for Obama Than Republicans in Congress

September 14, 2011


Wait just a minute, we need to stop and look at that recent CNN poll that put Obama ahead of  Congressional Republicans on the Economy.  But specifically it is a referendum on the President’s new budget plan. Back in June, a CNN poll put Obama in the basement  for his handling of the economy. Obama’s […]