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CASH REPORTS
Posted By admin On 30. March 2009 @ 08:41 In Freedom News | No Comments
CASHREPORTS
The Bailout Strategy of nations such as Britain and America are starting to
yield results, just not
all the right kinds.
London Banks fail to use the money given to them by the government.
While Small Businesses get declined for credit, London Banks continue to take
government bailout cash.
China has been bailing out companies, but not to the extent of the US and
England. But, the recent
dramatic profit losses of one of its major companies may trigger more bailout
response.
Major Chinese Industry loses billions. When a raw material provider
such as Chalco (aluminum provider)
shows such losses, the underpinnings of that economy, production, cannot be
healthy.
The powers that be, the folks who make their living understanding economies,
don't seem to be getting
behind the Obama method of forcing green technology on America with Stimulus
Cash and new tax schemes.
Warren Buffet pans the Obama cap and trade scheme, cites overwhelming
economic cost.
Technology offers great opportunities for new growth, but all new growth
comes at the expense of others.
Here's one such loser.
Newspapers see loss of advertising revenues, subscriptions…..has the era of
paper ended?
Finally, the government's role is debated. When Obama's auto team
forced out Rick Wagoner of GM, some are asking
if this is the role government should be making, forcing CEOs (even
those that might deserve it) out. It sets the precedent
for future force-outs of CEOs who might not be as obviously removable as
Wagoner.
[1] http://r.reuters.com/ceh53c
The President of the United States forces a CEO out. Wagoner's
departure sends a chilling message
to the other CEOs, play nice or get lost. Is this the proper role of
government?
Paul Collier
This Report may be used freely so long as this link is included:
[2] http://www.worldnewstweets.com
Article printed from Freedom News- An American Blog: http://blog.freedomist.info
URL to article: http://blog.freedomist.info/2009/03/30/cash-reports/
URLs in this post:
[1] http://r.reuters.com/ceh53c: http://r.reuters.com/ceh53c
[2] http://www.worldnewstweets.com: http://www.worldnewstweets.com
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