“The defining feature of the Republican presidential primaries was the constant Sturm und Drang over Mitt Romney’s ability to win Republican voters. Pundits claimed that Romney had a “ceiling” with conservatives in the party, and opponents like former Pennsylvania Senator Rick Santorum routinely assailed the front-runner as a candidate whose commitment to conservatism was short-lived and inauthentic—a human “Etch A Sketch,” in the words of Romney’s own campaign spokesperson. ”
Comments »Monthly Archives: May 2012
38!
Facebook close to pricing at $38 a share, highest value of any US company at IPO
Comments »AN ODD STATISTIC : The Drop in Tax Rates Does Not Correlate to a Drop in Unemployment
In other words the wealthy are not the drivers of job growth and lowering taxes on the wealthy is simply a way to keep the voting base intact.
Comments »Half Of Americans Are Spending More Than They Earn, But Don’t Realize It
$400 Billion…HAH: Cost of Greek Exit From Euro Put at $1 Trillion
“The British government is making urgent preparations to cope with the fallout of a possible Greek exit from the single currency, after the governor of the Bank of England, Sir Mervyn King, warned that Europewas “tearing itself apart”.
Reports from Athens that massive sums of money were being spirited out of the country intensified concern in London about the impact of a splintering of the eurozone on a UK economy that is stuck in double-dip recession. One estimate put the cost to the eurozone of Greece making a disorderly exit from the currency at $1tn, 5% of output.
Officials in the United States are also nervously watching the growing crisis: Barack Obama on Wednesday described it as a “headwind” that could threaten the fragile American recovery.”
Comments »OBAMA’S LITERARY AGENT IN 1991 BOOKLET: ‘BORN IN KENYA AND RAISED IN INDONESIA AND HAWAII’
“Note from Senior Management:
Andrew Breitbart was never a “Birther,” and Breitbart News is a site that has never advocated the narrative of “Birtherism.” In fact, Andrew believed, as we do, that President Barack Obama was born in Honolulu, Hawaii, on August 4, 1961.
Yet Andrew also believed that the complicit mainstream media had refused to examine President Obama’s ideological past, or the carefully crafted persona he and his advisers had constructed for him.”
Comments »U.S. Solar Companies Convince the Commerce Department to Impose Tariffs on Chinese Solar Companies
Chinese solar companies have been dumping product onto the market place causing prices to crash. The Commerce Department decide to impose tariffs; but seemingly too late given the huge sector debacle.
Comments »Get Ready: Moody’s to Downgrade Spanish Banks After Government Denial of Bank Run
Moody’s commented that as early as this evening they may downgrade Spanish banks. Gee i can’t wait.
Comments »HUH ? WTF: Private Equity Drives Dental Abuse
It is a curious accusation, but management companies run many things in America and it has been stated that costs are being wrung up to benefit the private equity firms that own the management companies.
You are officially cattle.
Comments »Hewlett Packard Considering 25k Pink Slips
“Hewlett-Packard Co. (HPQ) is considering cutting as many as 25,000 jobs, or 8 percent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said.”
Comments »FITCH DOWNGRADES GREECE: Warns On Greek Exit Odds, Says Ratings Of The Rest Of The Eurozone Are At Risk
“Fitch just cut the long-term credit rating for Greece from B- to CCC.
The ratings agency says the downgrade comes on fear that Greece won’t be able to stay in the eurozone:”
Comments »What the Average American Consumes in a Year ( Infographic )
Analysts Warn Investors to Beware of Facebook IPO Price Bubble
“Investors should exercise caution getting in on the Facebook initial public offering, as early investors in the social network may sell a hefty amount of shares right when the company goes public for a quick buck, which could burn others early on, analysts say.
Goldman Sachs plans to sell 29 million shares, the Guardian reports, more than originally planned, while legendary Silicon Vally investor Peter Thiel, another early backer, plans to sell 17 million shares.”
Comments »There Are Only Two Industries That Have Good Breadth Today
Harvard’s Feldstein: ‘More Air Is Going to Come Out of the Stock Market’
“Two weeks ago, Harvard economist Martin Feldstein said stocks are in a bubble, and now he maintains that the bubble hasn’t fully burst.
The Federal Reserve’s accommodative monetary policy has kept long-term interest rates near record lows, fueling the bubble, Feldstein tells Yahoo.
Already, “a lot of air has come out of the stock market,” he says, with the Standard & Poor’s 500 Index falling 5 percent since Feldstein’s earlier pronouncement.”
Comments »MEMC, $WFR, CEO to Depart: Stock in Titanic Mode
“Given the company’s horrible showing for the first quarter, the last thing MEMC Electronic Materials Inc. (NYSE: WFR) needed was to have a management shake-up. But that’s what the solar wafer maker got last night, when the company announced that its CFO was leaving MEMC to return to his previous firm, Praxair Inc. (NYSE: PX) as President of Praxair’s Surface Technology division.”
Comments »A New Kind of Samich: Digit Roast Beef at Arby’s
A boy found a digit or at least part of a severed finger in his roast beef sandwich.
Comments »Will the Fiscal Cliff Crush the Economy ?
“Investors and analysts everywhere are warning of the fiscal cliff that is approaching at the end of 2012 that could significantly hit the American economy.
Unless Congress acts, more than $600 billion in tax and spending provisions will change at the end of the year. And this will impose fiscal restraint at a time when the U.S. economy is growing very gradually.”
Comments »Acura Recalls 56k TLs for Fire Hazard
A hose in the power steering can leak over time and potentially cause a fire.
Comments »Brent-WTI Spread Now North of $20
Refinery stocks are strong because of the WTI-Brent spread.
Related: Crack spreads are still north of $28. Meaning the recent decline in crude has done nothing to hinder the margins of refiners.
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