The United States is prepared for the first time in world trade talks to discuss allowing more service professionals from India and other developing countries to work there, a U.S. industry official said.
esales dropped 2.6 percent to a lower-than-forecast 4.86 million annual rate from a 4.99 million pace the prior month, the National Association of Realtors said today in Washington. The median home price dropped 6.1 percent from June 2007.
The U.S. Commodity Futures Trading Commission, under pressure from Congress to police markets in the wake of record energy prices, accused Optiver Holding BV of manipulating U.S. energy markets.
The allegations against the Amsterdam-based hedge fund come as the Senate prepares to vote as early as tomorrow on legislation to curb speculation in energy markets and expand the commission's authority and staffing.
``Congress is looking for someone to blame,'' said Kevin Book, senior vice president for Friedman, Billings, Ramsey & Co. Inc. in Arlington, Virginia. ``The CFTC is trying to make sure it's not them.'
Failure in war can be a bad thing. Failure in business can be a personal loss, and in some instances a detriment to the economy. With the recent calamity hitting the two largest mortgage lenders, not to mention other large American business concerns, it seems to a select few that failure is indeed a viable and good option.
A gamble with very high stakes is being openly promoted by adherents to a free-market orthodoxy. These individuals, gaming on anger and the perceived loss of utility of these given enterprises, are pushing the public onto this wager.
"Never believe anything until it has been officially denied."
- Otto Von Bismark
Otto may have been one of history's great bastards, but he was also a Machiavellian genius when it came to modern politics.
For instance, on March 10, Bear Stearns denied rumors that they were having a liquidity problem. On March 15, Bear Stearns was effectively bankrupt.
On February 7, 2002, WorldCom denied rumors that it was about to go bankrupt. On July 19, WorldCom went bankrupt.
This pattern gets repeated almost every single year like clockwork. Which is why the news today is more worrying than normal.
The BLS Employment to Population ratio, also supports my posting concerning the under-perfomance of this decade's employment growth, relational to population growth.
Is the US going bankrupt? With an intractable trade deficit and a national debt in excess of $9 trillion dollars, and an ongoing collapse in both the financial sector and of the national ($$$) currency, it may seem so. With that in mind, it is timely to consider documentary evidence of just what such a national bankruptcy would look like.
(NOTE: This is a republication of a diary originally published about a year ago at the Big Orange Political Blog, with minor updates to incorporate events that have occurred since)
Add in the federal debt ceiling, and it’s a reminder of how deep in the red the government already is. The current debt limit of about $9.815 trillion will be exhausted this fall, and the Democrats’ new 2009 budget plan calls for raising the ceiling to $10.615 trillion — an $800 billion increase.
One of the more amazing spins of the day is how the term diversity has been cast to mean global labor. The original term was for United States Domestic diversity. In other words, giving equal opportunity in a nation to all of her citizens.
Well, there are now damning reports coming to light on what is happening to a large segment of the American Professionals and that is women.
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