Hooray! $30 billion in infrastructure spending over two years for new roads! Oh, and like $800 billion for some other stuff. Stimulus bill careens through the House with not a single Republican vote - Obama, above, is all like “take THAT”. Not sure it will clear the Senate so easily, but ShamWOW. Larry Kudlow is [...]
Entries from January 28th, 2009
Half Decalf Double Fail One Pump Latte
January 28th, 2009 · 6 Comments · fail, retail
Among the many, many, many companies announcing layoffs this week – January alone is up to around 200,000 announced job losses, on top of December’s half a million – we find Starbucks, looking to slash 6,700 jobs and close 300 stores. Of those, 2oo stores are in the US. To put that another way, that would [...]
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I Can Has Status Quo
January 28th, 2009 · 2 Comments · bernanke, governors, zirp
FOMC looks under the bed, sees fail, sticks with the ZIRP, surprises no one: The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate [...]
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In A Recession, Shopping Is A Mental Problem
January 28th, 2009 · 2 Comments · retail
At this rate, we are never going to kickstart spending again, no matter what the amount of stimulus. Citi tries to buy a plane, and is promptly (and deservedly…) bitchslapped. Dick Fuld’s wife has to sneak around and have Hermes put her purchases in plain brown paper bags. New York’s former commissioner of health, Antonia [...]
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Happy Birthday, Charlie Gasparino
January 28th, 2009 · 1 Comment · cnbc
Facebook informs us that it’s CNBC on-air reporter Charlie Gasparino’s birthday. I wonder if he’ll be getting any well-wishes from John ‘Champagne’ Thain.
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