Essentially pressure was allowed to climb to high before releasing it. The facility could not handle this and may have caused more problems than necessary.
Comments »Monthly Archives: April 2011
Money Managers are Bullish, but Hunker Down in Selective Defensive Stocks
60% of $ managers polled are bullish.
60% expect a correction of 10% or more before year end.
Some favor more earnings upside and like big cap value……
Comments »Tenet Healthcare Rejects Latest Take Over Offer
Chinese Protests Esclate
No Cold Turkey For You
The Convoluted Euro
“The standard way of thinking about the eurozone is this: Germany is strong, France is a bit less strong, and everyone else mooches off their strength.
Certainly that’s how it’s appeared lately, post-crisis, but that’s thinking way too small.
Floyd Norris at NYT sheds some light on what’s actually been the case, going back to the creation of the Euro: Germany is the biggest beneficiary around, and everyone else has been losers.”
Comments »Chavez Ups Windfall Oil Tax
Market Rebound Inspires Divorce for Some
Apparently now that some paper wealth is to be had people are parting with their coin.
Comments »Happy Birthday Mother Earth
Dogers Fan: “the laughingstock of baseball”
Military Coupe Suspected as Cambodia and Thailand Clash Along Border Dispute
Dozens Killed in Syria, as Obama Sits Back and Does Nothing
At least 75 killed, due to Syrian police firing live rounds into unarmed protesters, making today’s death toll the worst to date.
Comments »Obama criticized for poor economy
President Obama experienced push back on his visit to the West Coast, as citizens voiced disappointment with the economic recovery and lack of jobs. While plenty understood that deficit reduction is imperative to the long term stability of the country, many also wanted to know what was being done to help spur the economy on to job growth.
An audience member at Obama’s town hall meeting Wednesday at Facebook headquarters in Palo Alto, Calif., summarized how the increased attention on red ink looks to the public.
“At the beginning of your term you spent a lot of time talking about job creation and the road to economic recovery,” the questioner told the president. “Since then, we’ve seen the conversation shift from that of job creation and economic recovery to that of spending cuts and the deficit.”
Malcontent was also voiced on the state of the housing market and its persistence.
Comments »Japan proposes $50 Billion initial reconstruction effort
Comments »The extra $50 billion (4 trillion yen) the Cabinet approved is expected to be only the first installment of reconstruction funding. About $15 billion (1.2 trillion yen) will go to fixing roads and ports and more than $8.5 billion (700 billion yen) will go to build temporary homes and clearing rubble.
Samsung counter-sues Apple
Comments »SEOUL, South Korea (AP) — South Korea’s Samsung Electronics Co. said it is suing Apple Inc. for patent rights violations, only days after Apple sued Samsung for the same reason.
Samsung is accusing Apple of violating its rights to 10 smartphone and computer patents. The company filed lawsuits Thursday in Seoul, Tokyo and Mannheim, Germany.
The lawsuits come only days after Apple sued Samsung in a California court. Apple alleges Samsung’s Galaxy line of smartphones and tablet computers copy Apple’s popular iPad and iPhone.
Toyota car production disrupted until November or December
Comments »TOKYO (AP) — Toyota’s global car production, disrupted by parts shortages from Japan’s earthquake and tsunami, won’t return to normal until November or December — imperiling its spot as the world’s top-selling automaker.
President Akio Toyoda apologized to customers for the delays due to the March 11 disasters that damaged suppliers in northeastern Japan, affecting automakers around the world.
$125 Billion Boo Boo; Tax Payers Bend Over Again
Next Week’s Earnings Docket
U.S. Attorney To Dispatch Team to Investigate Energy Speculation and Manipulation
Truck Driver Strike in Shanghai May Hurt Exports and Fuel The Jasmine Revolution
The strike rages on for a third day; causing potential export problems and giving strength to a unpublicized revolution in China.
Comments »