Archive for the ‘Globaleconomicanalysis’ Category:

Stimulus Runs Out, So States Beg Congress For More Money; Will They Get It?

{ Posted on Mar 18 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
A huge chunk of stimulus money was wasted paying union salaries instead of fixing budgets. Now states have are begging for more as noted by the Wall Street Journal in States Hope for a Rich Uncle.Strapped states, facing up ...Read More »

Good News From President Obama: “What you’re doing is working”

{ Posted on Mar 17 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
I have good news. A personalized email from Info@BarackObama says...Mike --I wanted to take a moment to thank you directly for the outstanding work you've been doing as part of Organizing for America's Final March for Reform. I can tell ...Read More »

Christie to cut N.J. school aid by $800M; 800 Layoffs in San Bernardino; R.I. Court Upholds Salary Cuts; Lancaster PA Pension Tsunami

{ Posted on Mar 17 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Issues regarding education have heated up in many states. This education roundup covers recent news.$800 Million Budget In New JerseyThe Star Ledger is reporting Gov. Chris Christie plans to cut N.J. school aid by $800M.Gov. Chris Christie's budget includes an ...Read More »

Pressure Increasing on China to Revalue Yuan; What Can Go Wrong?

{ Posted on Mar 17 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Pressure on China to do something about its allegedly undervalued currency is mounting by the day. Please consider the following articles.World Bank Calls For Stronger YuanThe World Bank Says China Must Pare Stimulus to Counter BubblesThe World Bank indicated that ...Read More »

HealthCare Premiums Will Decrease 3000%; Obama Needs Remedial Math Lessons; Ron Paul’s Campaign For Liberty vs. Organizing For America ObamaCare

{ Posted on Mar 17 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Inquiring minds are listening to President Obama proclaim Health Care Premiums Will Decrease 3000%.Basic MathWhile prices of goods and services can rise an infinite amount, the most prices fall is 100%, to zero. Of course bids on a piece of ...Read More »

Canadian Credit Bubble In Pictures

{ Posted on Mar 16 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Here are 4 images from Jonathan Tonge at America-Canada Blog regarding Canada, The Country of Fiscal PrudenceCredit Card Debt Up $43 Billion Since 1999Personal Lines of Credit Up $180 Billion Since 1999Mortgage Debt Up $566 Billion Since 1999Household Credit Up ...Read More »

Bankruptcy Court Gives Prichard Alabama 2 More Months To Figure Out How To Pay Pensioners

{ Posted on Mar 16 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Prichard Alabama declared bankruptcy on October 28, 2009 over pension obligations. Since then pensioners have not been paid. Now a bankruptcy court has given the city two more months to figure out how to do so.Let's backtrack to the beginning. ...Read More »

Misconceptions about Money and Velocity

{ Posted on Mar 16 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Inquiring minds are interested in velocity and money. John Mauldin discusses both in The Implications of Velocity. Unfortunately, Mauldin perpetuates three widely believed myths in his article.Misconception #1: Money Supply Needs To Grow"Now, there is no exact way to determine ...Read More »

California House Speaker Gives Aide $65,000 Raise; Aide Now Makes $190,008

{ Posted on Mar 15 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
Disgusted minds are reading a Sacramento Bee article New speaker grants Assembly pay hikes.New Assembly Speaker John A. Perez gave his top aide an annual pay increase of nearly $65,000 - about $5,400 per month - upon becoming leader of ...Read More »

Useless Regulation: Dodd Bill “Empowers” Fed To Do Nothing

{ Posted on Mar 15 2010 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis
In what amounts to a dog and pony show without dogs and without ponies, Dodd Bill Empowers Regulators to Limit Size of Financial Firms.U.S. Senator Christopher Dodd, the Connecticut Democrat who chairs the Senate Banking Committee, speaks about overhauling U.S. ...Read More »
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