Soap opera continues…

Happy Thursday folks! I write this from a Starbucks in Littleton, Colorado. Though I am traveling I am still on top of things for everyone. Today’s post is an update of the Iranigans situation. Though there has not been much noise about Iran in the last 3 weeks,...

Bank cash infusion issue heats up in China

From (brrrr) chilly Denver… The major Chinese economic conference wrapped up yesterday with the Communist government of that nation setting goals for the nation. Specifically it was decided at the Central Economic Work Conference that the nation needed to focus...

Unemployment rate drops?

Happy Friday! For today’s post let’s begin with the following quote from the Wall Street Journal: “U.S. job losses in November posted the smallest drop since the start of the recession and the unemployment rate unexpectedly declined, a sign the labor...

Lower retail sales in November

Thomson Reuters reports that November sales in the U.S. were about breakeven with last year’s November sales. Unfortunately November 2008’s sales were 7.8% below those of November 2007’s sales. Ouch! In other words, retailers are hemorrhaging....

Official unemployment claims improve, but…

Earlier this week I reported the unemployment picture as calculated by ADP, the nation’s largest payroll firm. Today the U.S. Department of Labor reported that initial jobless claims fell by 5,000 to 457,000. This marks the 5th week in a row that claims have...

Bailout funds paid back by B of A

Good morning folks! Yesterday afternoon Bank of America announced that it was going to be paying back $45 billion of the TARP funds received from the Federal government over the last year. More importantly $18.8 billion of the payback figure is to be raised by B of A...