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All Posts Tagged With: "Reuters"

Burning Down The [US] House

Talking Heads:
No visible means of support and you have not seen nuthin yet
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The House of Representatives today passed the Senate version of the $700 Billion Bail-out.  For now, it’s over.  Bush signed the bill shortly after the vote, and we have not seen nuthin yet.
In case you haven’t noticed yet, the [...]


The Economy Today

My cohort DJ is going to disagree with me.  Just you wait and see.
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Today did not scare me.  It did surprise me, because I didn’t think that Congress had the ability to face down the President, Treasury Secretary and their own part leaders all at the same time.  (For the votes [...]


Congress Still Working Out The Bailout

Congressional leaders are still working through what to do after the stony reception they received from the Administration late Wednesday.  I was much more comfortable (not that I was happy mind you) with the proposal that had been brought to Bush and Paulson.
The proposal from Congressional Leaders would have limited the amount of the initial [...]


McCain Will Suspend Campaign, Requests Postponing Debate

John McCain today announced he is suspending his campaign while he works in Congress to resolve the current economic crisis.  He also asked that the debate scheduled for this Friday night be postponed.
Here are John’s remarks made today in New York City (courtesy of the McCain-Palin campaign):
America this week faces an historic crisis in our [...]


Warren Buffett: Smarter Than Treasury

In an interview on CNBC television today, Warren Buffett disclosed that he wants to pursue buying some of AIG’s units.  This could reduce the impact of the AIG bailout on taxpayers since Berkshire Hathaway can help shore up some of the weaknesses in AIG as those units are integrated into Buffett’s empire.  According to Reuters:
Buffett said he [...]


Quick Note On Oil Prices…

I’ve been noting the movement of the price of oil for several days now, and although the direction of the changes have been correct, the actual amounts that I’ve been disclosing as “closing” are actually the price at the time I looked at them on the Reuters web site… which continues to reflect, from what [...]


I’m Puzzled That Barack’s Puzzled

Odd, that someone of Obama’s education and political experience is “puzzled” that anything he has to say would not elicit some reaction.  Worse yet, after taking such a strong position on Iraq and providing such a specific plan to withdraw troops (still on his web site today):
Obama will immediately begin to remove our troops from [...]


AT&T Profits Mean We Must Be In A Recession

AT&T this morning reports an increase in quarterly profit.  From the Reuters story:
AT&T’s first-quarter profit rose to $3.46 billion, or 57 cents per share, from $2.85 billion, or 45 cents a share in the same quarter a year earlier.
The positive report results mostly from strong growth in AT&T’s wireless business.  Traditional phone subscriptions were down.
One [...]


Stupid is… Easy!

It is so easy, especially when you aren’t tightly scripted, to say things that just don’t come out the way you mean them to.

John McCain: When asked what will happen if he can’t convince the American public that the war in Iraq is succeeding, he said “Then I lose.” I don’t have a problem [...]


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