Everyone wants to sue so quickly these days….
Comments »Monthly Archives: October 2011
Dow Chemical Misses Estimates on Price Hikes
Shell and Statoil Report Record Earnings as Oil Stayed High
Proctor and Gamble Report In Line Profits
The company saw slightly less revenues, but posted a $1.03 per share; which was the same profit yoy.
Comments »Currencies Traders Suffer Their Worst Run in Twenty Years
Eastern Block Nations May Be the Next Problem for Sovereign Debt Woes
It is being theorized that now the focus will be on Western Europe leaving Eastern Europe without ample liquidity.
Comments »Sarkozy to Solicit China as a Fat Cat Supporter of EU Plan
Sarkozy plans to make some phone calls which he hopes will lead to more caviar and champagne on the jet set life style of international power brokers….
Comments »Crude Oil Rises on Euro Resolution and U.S. Growth Prospects
Japan Increases Stimulus Plans and Keeps Interest Rates at 0.1%
The Euro Pops While The Dollar and the Yen Fall on ESFS Deal
More on the News Out of Europe
Now all we need is to get back to growth and maybe this problem just goes away for ever.
Comments »World Markets Celebrate a Triple Play Plan
Europe says they have struck a concrete plan to recapitalize banks, make Greece take a haircut, and leverage the ESFS fund by 4 or 5 times….
Comments »Occupy Wall Street Gets “I’m Getting Arrested App”
FLASH: European Futures Sharply Higher
THE 50% GREEK HAIRCUT IS REALLY ONLY 28%
“Union Square! Union Square!” Watch #OccupyNYC Live Video Feed
Watch live streaming video from occupynyc at livestream.com
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FLASH: FUTURES SOAR ON EFSF ANNOUNCEMENT
S&P futs are up 13.6 and Asian markets are up 1%+ on the EFSF announcement.
Comments »ROFL: Hilarious Video About Kyle Bass
HAT TIP: @geckler
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[youtube:http://www.youtube.com/watch?v=l2x5IkfJ3ng&feature=youtube_gdata 550 412] Comments »John Stossel Argues More Competition in School Only Way to Save Kids
Conventional wisdom says that government should run schools. This idea is intuitive. It is also wrong. The free market would do a much better job.
This week in my syndicated column, I compare the public school system to the cars produced by governments:
The Trabant was the best — the pride of the Eastern Bloc. It was produced by actual German engineers — known for their brilliance. Yet even the Trabant was a terrible car. Drivers had to put the oil and gas in separately and then shake the car to mix them. Trabants broke down and spewed pollution. When government runs things, consumers suffer.
Our school system is like the Trabant. Economist Milton Friedman understood this before the rest of us did. In 1955, he proposed school vouchers. His plan didn’t call for separating school and state — unfortunately — but instead sought a second-best fix: Give a voucher to the family, and let it choose which school — government-run or private — their child will attend. Schools would compete for that voucher money. Today, it would be worth $13,000 per child. (That’s what America spends per student today.) Competition would then improve all schools.
50 years later, school vouchers are finally becoming a reality, although the education establishment still resists them.
Ronald Holassie, a graduate of the Washington, D.C. Opportunity Scholarship Program, came on my Fox Business show last week to talk about the dramatic difference between a government school and his private school:
“In the public school system when I was in there, (there were) lots of fights. There were shootings, stabbings, and it was really unsafe — drugs.” … But he got the voucher and a good education, and now he’s in college.
Despite the data showing that voucher kids are ahead in reading, the biggest teachers union, the NEA claims: “The D.C. voucher program has been a failure. It’s yielded no evidence of positive impact on student achievement.”
Holassie asks: “How is it a failure when the public school system is failing students? I don’t understand that.”
I don’t either.
The rest of my column here.
Read more: http://www.foxbusiness.com/on-air/stossel/blog/2011/10/26/school-competition-rescues-kids#ixzz1bwcW4Xa5
BREAKING: EFSF DEAL REACHED
1.4 trillion euros.
Cash on hand will be leveraged 4 to 5 times.
Banks to get 30 bill euros in funding.
Italy pledges to cut debt gdp ratio to 113% by 2013.
50% haircut on Greek debt, EXCLUDING ECB holdings- LOL
MERKEL: ECB NOT INVOLVED WITH EFSF LEVERAGE OPTIONS.
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