Speaking Personally

Go Team Obama!

Three Important Stories

US annualized econ growth rate at record low-ECRI

Monitor shifts from print to Web-based strategy

Rate cut not the quick fix everyone craves

Quotes and Pointers

'"With WLI growth plummeting to the lowest reading registered in its six-decade history, the outlook for the economy has darkened dramatically." said Lakshman Achuthan, managing director at ECRI.

The index slide was due to a widespread decline in the components, the key exception being a measure of money supply, he said. '

Rodrigo Campos and Walker Simon

"Changes in the industry - changes in the concept of news and the economics underlying the industry - hit the Monitor first," given its relatively small size and the complex logistics required for national distribution, Mr. Wells said. "We are sometimes forced to be an early change agent."
http://www.csmonitor.com/2008/1029/p25s01-usgn.html

"Banks are like roach motels. The rate cuts go in but they don't come out."
Robert Brusca

`(2) NEGATIVE INTEREST LOAN- The term `negative-interest loan' means a loan made by a State from its water pollution control revolving fund to a rural and disadvantaged community pursuant to section 603(d)(1) under which the interest rate is zero percent per year and, in addition, the State forgives an amount of the principal of the loan not to exceed 2 percent per year but not to exceed a total forgiveness of 20 percent of the principal over the term of the loan.'.
http://www.congress.gov/cgi-bin/query/z?c103:H.R.3810:


"I'm looking forward to complete retirement.  Retirement is my human right."

Dalai Lama

 

Out and About on the Net.

 

The transformation of the Arctic

U.S. Rejects G.M.’s Call for Help in a Merger

et alli is cross posted at The Intelligence Forum 

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