Archive for December, 2011

Economic News Articles – Archive for Week of 12-18-2011

Posted December 28, 2011 By David Haggith

To recap last week’s economic news: Concerns over the euro crisis continued to worsen. The BBC laid out a doomsday scenario for the eurozone. China explained why it is not ready to sign on to the euro deal. The U.S. stated no further help would be forthcoming, and credit agency, Fitch, concluded a comprehensive solution […]

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Post Office Change by Congress Will Stamp Out USPS!

Posted December 20, 2011 By David Haggith

The United States Postal Service announced recently that it is going postal on itself (to use a fading expression from the days when postal workers shot people (or themselves) because their jobs drove them mad). Well, the USPS didn’t actually use that term, but the Postmaster General, Patrick Donahoe, is certainly doing his best to […]

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Occupy U.S. Mail

Posted December 20, 2011 By David Haggith

Here’s a great idea to curb the use of bulk mail you don’t want and help save the post office: A fast, easy, free, and non-violent way to drive the big banks out of their greedy little minds is sitting in your mailbox right now. Click the link above and discover how to occupy the U.S. mail […]

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China Teaches Europe about Capitalism and Trade

Posted December 18, 2011 By David Haggith

“Everybody has an opinion about trade with China, and here is mine: let’s trade ‘em Ben Bernanke for Fu Ying [China’s Vice Foreign Minister]. Throw in a minor league pitcher if we have to – President Obama comes immediately to mind.” (The following is a guest editorial from Tim Nerenz, traveling in China on business)   […]

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Economic News Articles – Archive for Week of 12-11-11

Posted December 17, 2011 By David Haggith

I’m going to start posting a weekly recap of the economic news headlines. These headlines of news articles and their summaries come and go from the sidebar, so not everyone sees them on the particular day they tune in. This is a chance to make sure you didn’t miss any of the major economic news […]

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Jon Corzine, MF Global Enjoyed Tryst with Washington & Credit Rating Agencies, Who Learned Nothing from the Great Recession

Posted December 11, 2011 By David Haggith

Jon Corzine, MF Global’s CEO, loved to take the biggest gambles he could find with other people’s money. He championed investing MF Global’s money and allegedly their client’s money in European bonds with purchases large enough to bankrupt the firm six times over if a single bet failed! The board at MF Global Holdings Ltd […]

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My Grand Recessional for Europe as It Dances Rings Around the Euro Crisis One More Time

Posted December 11, 2011 By David Haggith

European leaders pressed the case that a new fiscal accord will deliver the region from its two-year debt crisis, as Germany’s top central banker cooled speculation the European Central Bank will extend its role. (Bloomberg) Europe, again, does too little, too late. The markets may dance a little to the news, but whatever lift the […]

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Ideas for Change

Posted December 7, 2011 By David Haggith

Let’s have real ideas for change for a change! U.S. President Barak Obama campaigned on the basis of making political change, but that didn’t happen. Now he’s retreading that campaign, but he still doesn’t seem to have any ideas of his own that look anything like real and significant change. I thought he could use […]

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Unemployment Rate Highly Underrated!

Posted December 2, 2011 By David Haggith

Here are the glossed-over facts behind today’s vaunted news about unemployment, which has kept the stock market dancing in delirium. After a year of remaining stuck above 9%, the unemployment rate dropped in November to 8.6%, and the stock market was able to sustain yesterday’s drunken stupor. What is not immediately clear in these reports […]

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