Global Market Commentary, Analysis and Investments
First, we turn to the news. And what do we find? Netscape’s “Money & Business” has this report:
The House on Monday evening passed a bill that would raise the U.S. debt limit by at least $2.1 trillion and cut spending by a similar amount over the next decade. The agreement was reached Sunday night by congressional leaders and President Barack Obama. The Senate is expected to approve it on Tuesday, and it will go to Obama, who has indicated he will sign it.
[Read more...]Now, as anticipated, a debt ceiling agreement has been reached and the wait is on to see whether the major rating agencies — Standard & Poor’s, Moody’s Investors Service, and Fitch Ratings — will reaffirm or downgrade the US’ triple-A status.
[Read more...]It was just another day of duplicity in DC. If there was a Washington newspaper that honestly reported on American politics, it would have to be called The Daily Double Standard.
When the Tunisian and Egyptian rebellions began, President Obama and Secretary of State Hillary “The Determinator” Clinton vacillated for weeks while hundreds of protesters were being slaughtered. It was only after it became clear that the autocratic leaders (that the US had supported for decades) would be overthrown that the US would champion the need for a transition to “democracy.”
[Read more...]It is a bad science fiction movie written by mad political scientists.
Exactly eight years to the day that President George W. Bush took America and his “Coalition of the Willing” to war with Iraq, President Barack Obama has taken America and his “Broad Coalition” to war with Libya.
[Read more...]Erskine Bowles, President of UNC, and former Wyoming Senator, Alan Simpson, the co-chairmen of President Obama’s National Commission on Fiscal Responsibility and Reform, are getting political leaders caught up with the obvious reality of the US' precarious financial state… that the budget deficit is quickly hurtling the nation toward a debt crisis not unlike Greece, but on a much larger scale.
[Read more...]Given the wide assortment of issues facing the nation — debt, deficit, war, and bloated government — it’s actually no surprise the media is aflutter over President Obama’s Oval Office makeover.
As charming and comfy as it may be, it’s still holding court to some of Washington”s biggest problems.
[Read more...]Back in January of 2009, the US Airways pilot Chesley B. “Sully” Sullenberger safely crash landed a commercial airplane on the Hudson River against all odds.
Sully emerged as a hero, and perhaps President Obama is hoping a daredevil economic landing can rub a little magic off on him as well. And, of course, he’s counting on taxpayers, especially the wealthy ones, to make it possible.
[Read more...]President Obama still has the dual twinkles of hope and change in his eyes, but even this simple-minded snail of an economy is finding it difficult to believe he’s “selling it.”
At least he’s having a good time.
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What a Business
Steve Wynn, chairman and CEO of Wynn Resorts, is a man who knows how to build and grow casinos. His father ran bingo parlors. Over the years, Wynn built (and sometimes sold) the Golden Nugget, the Mirage, Treasure Island, the Bellagio, the Wynn, Encore; all in Las Vegas; and the Wynn in Macau, a territory re-acquired by the People’s Republic of China in 1999. The CEO “considered moving the company’s global headquarters to Macau” in 2010. Until now, he has stayed put, but his July 18, 2011, Wynn Resorts investor conference call showed Wynn remains restless.
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