Famous investor and billionaire George Soros referred to the US economy as “blah,” saying he expects a further slowdown. US President Barack Obama has insisted however that the US economy is heading in the right direction. Gerald Celente, the director of the Trends Research Institute said the economy is not just blah, it’s in a depression. It’s the summer of the greatest recession,” he said.
To “refudiate” or not to “refudiate.” Merriam-Webster has declared Sarah Palin’s made-up verb its 2010 “Word of Summer.” The respected publisher says the pseudo word is the one most-often searched by users of its online dictionary. Palin, the 2008 Republican vice presidential candidate and former governor of Alaska, used it twice in July, once on [...]
Having passed the Dodd-Frank Act earlier this summer, the bill that aspires to reorder our financial universe in the wake of the most serious economic crisis in generations, Congress has moved on to other matters. Regulators are left to write the rules that will make financial reform a reality — or not — and are [...]
As the summer winds down, it’s now Stanley F. Druckenmiller’s turn to head for the beach — permanently. Mr. Druckenmiller’s departure from the hedge fund industry, after 30 years in the business, surely surprised some fund managers and underscored the difficulties that investors are having in these treacherous markets. The 57-year-old Mr. Druckenmiller made a [...]
Last August, as you will recall, many Democratic members of Congress were startled to see angry citizens show up at town hall meetings. We haven’t seen much of that this year, and probably for good reason. According to the National Republican Congressional Committee, only six “vulnerable” Democrats have even scheduled such meetings in their districts. [...]
Last August, as you will recall, many Democratic members of Congress were startled to see angry citizens show up at town hall meetings. We haven’t seen much of that this year, and probably for good reason. According to the National Republican Congressional Committee, only six “vulnerable” Democrats have even scheduled such meetings in their districts. [...]
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