Bank of America recently announced it is slashing 30,000 jobs; that’s after it already cut 6,000 earlier this year. Obama made a jobs speech, and the stock market tumbled by 300 points the next day. Zero jobs were created in August.
Archives for September 2011
Taking a Beating in the Stock Market, Again This Year
You have plenty of esteemed company if once again you are taking a stock market scalping. The popular Legg Mason Capital Management Value C Fund is down a staggering 11.8% YTD. And, of course, the broad market indices are down. The S&P 500’s negative total return YTD is negative 6.3%. It has been a bummer […]
Reid Takes To The Floor To Talk About Bike Paths, Not Jobs
Dick Young’s Disaster Survival Manual: Chapter 2
We just went through a corker of a hurricane. Irene ripped up the East Coast, with special vengeance saved for inland Vermont. As I write, Debbie and I are on a Harley trip that, for the first time in two decades, will not take us to many of our favored spots in southern and central […]
ADAPTIV: High Tech Camouflage System
State-of-the-art technology Unlike traditional camouflage systems which rely on paint or nets to hide vehicles, ADAPTIV can instantly blend a vehicle into its background. The system can also be used on ships and fixed installations, allowing them to stay undetected by enemy surveillance units.
Down There, On the Ground
The recent Republican debates and the Obama’s Spruce Goose jobs bill seem to have taken all the oxygen out of the air. Parade syndrome can kick in and throw you off track as you make business and investment plans through the end of the year. Parade syndrome? That’s when you try to watch all the […]
Pensions on the Brink of Bankruptcy
Collective bargaining and pensions for public-sector employees should have been history a long time ago. In the private sector, you don’t get tenure for simply showing up for work for three years or for writing a few articles here and there that happen to get published. In the private sector, you do your job without […]
Raspberries and Duck Lips
President Obama throws up his jobs pitch on a Thursday night, and America responds with what amounts to raspberries and duck lips by slamming the Dow with a 303-point down crack on Friday. America is fed up with “change you can count on,” as the change witnessed to date has had a horror tag stapled […]
Jobs, The Obama Way
In the most recently reported month, America created zero jobs. Back in January 2009, when President Obama and his economic team took over, non-farm payrolls stood at 133,563,000 jobs. Presidential candidate Obama promised Americans “change you can count on.“ At most recent month end, non-farm payrolls in America stood at 131,132,000 jobs. Lets see, a […]
9/11: Day That Changed The World
In this outstanding documentary, New York Mayor Rudy Giuliani emerges as a tower of strength, and Secretary of State Donald Rumsfeld’s decision making, I believe, is called into justifiable question. A must view for all Americans -Dick Young