Friday, March 6, 2009
Thursday, March 5, 2009
Sunday, March 1, 2009
Thursday, February 26, 2009
Thursday, February 19, 2009
Wednesday, February 11, 2009
Harvard Economist: "Stimulus is worst bill since the 1930's"
This is probably the worst bill that has been put forward since the 1930s. I don't know what to say. I mean it's wasting a tremendous amount of money. It has some simplistic theory that I don't think will work, so I don't think the expenditure stuff is going to have the intended effect. I don't think it will expand the economy. And the tax cutting isn't really geared toward incentives. It's not really geared to lowering tax rates; it's more along the lines of throwing money at people. On both sides I think it's garbage. So in terms of balance between the two it doesn't really matter that much.
USA was 3 hrs away from Economic, Political Collapse in September 2008
The Sky is Falling, the sky is falling.
Monday, February 9, 2009
Saturday, February 7, 2009
Friday, February 6, 2009
My take on the Credit Crisis and Baliout.
This is the most ridiculous thing I have ever seen. Why oh why can't congress do their homework!!! Any company out there that throws their future and money at a problem goes out of business! USA will have the same thing happen if we don't wise up. We are the most powerful nation on earth and I am starting to wonder if we are only out of sheer luck. If we keep going on like we are we will survive only out of sheer luck.
Please let's use our heads here. Here are some effective ways to fix our current issues without spending.
Eliminate Mark to Market accounting. It is a ludicrous way to account for your assets. Here is a definition of Mark to Market.
Another way to flood the market without spending a dime, lower the capital gains tax. Wall Street still runs the market. The people that have money are the ones we need to start investing again. These investors would come back in if we did this one simple thing. Doesn't cost us a dime. Yes, less revenue but we would not take actual cash out of our system to do it and I guarantee you will see money come back in.
Reduce the payroll tax and the price of doing business. These are effective ways to get our economy rolling again. I feel it is not what people do it is why are they doing it.
Letting people in government that are not out for the best interests of the economy, or to give them the benefit of the doubt, are well meaning but misguided, power over the economy is terrifying. What are the credentials of our leaders making our financial futures? Well, based on our last election, If Al Franken can get elected.... what can you say. Senators should have to have some kind of background in finance and other criteria to be running our country. But this will never happen. Why? Because of the huge conflict of interest. The criminals are running the prison. And so the change we really need isn't going to happen.
Letting Nancy "Kickback" Pelosi come up with these pork barrel spending bills is going to take us down. Obama, it has nothing to do with whether we accept this stupid Bailout bill. It has very little support. WE ARE NOT STUPID!!
Change we need??? This is a rerun of what Paulson and Bush did a few months ago. The rhetoric is insane. And no one is buying it.
Robyn D. Honsey
Wednesday, February 4, 2009
Monday, February 2, 2009
Friday, January 16, 2009
Google Announces Layoffs
Google has announced layoffs. Not contractors. Not hourly workers. Googlers. Not many, thankfully--only 100--and some may be able to find jobs elsewhere in the company. But they're all in HR, which tells you something about how quickly Google has scaled back its own growth expectations. From the Google Blog: As we made clear during our last quarterly earnings call in October, Google is still hiring but at a reduced rate. Given the state of the economy, we recognized that we needed fewer people focused on hiring. Changes to recruiting
1/14/2009 03:01:00 PM
Our first step to address this was to wind down almost all our contracts with external contractors and vendors providing recruiting services for Google. However, after much consideration, we have with great regret decided that we need to go further and reduce the overall size of our recruiting organization by approximately 100 positions.
We know this change will be very difficult for the people concerned, and we hope that many of them will be able to find new roles at Google. They helped build this company, new hire by new hire, and we are enormously grateful for everything they have done.
Tuesday, January 13, 2009
Thursday, January 8, 2009
List of Macy’s Store Closings
– Ernst & Young Plaza (Citicorp Plaza), Los Angeles (135,000 square feet; 136 employees; opened in 1986)
– The Citadel, Colorado Springs, Colo. (195,000 square feet; 105 employees; opened in 1984)
– Westminster Mall, Westminster, Colo. (156,000 square feet; 110 employees; opened in 1986)
– Palm Beach Mall, West Palm Beach, Fla. (190,000 square feet; 71 employees; opened in 1979)
– Mauna Lani Bay Hotel, Island of Hawaii (3,000 square feet; 3 employees; opened in 1983)
– Lafayette Square, Indianapolis (160,000 square feet; 84 employees; opened in 1974)
– Brookdale Center, Brooklyn Center, Minn. (195,000 square feet; 72 employees; opened in 1966)
– Crestwood Mall, St. Louis (166,000 square feet; 176 employees; opened in 1969)
– Natrona Heights Plaza, Natrona Heights, Pa. (73,000 square feet; 124 employees; opened in 1956)
– Century III Furniture and Clearance, West Mifflin, Pa. (83,000 square feet; 3 employees; opened in 2000)
– Bellevue Center, Nashville, Tenn. (211,000 square feet; 76 employees; opened in 1990).
Sunday, December 28, 2008
Saturday, December 27, 2008
Amazon says 2008 holiday season was 'best ever'
SEATTLE (AP) -- Online retailer Amazon.com Inc. called this holiday season its "best ever," saying Friday that it saw a 17 percent increase in orders on its busiest day -- a rare piece of good news in a season that has been far from merry for most retailers, including online businesses.
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