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December2008,Totalretailsalesfell:2.7percentvs1.2percentexpected,$343.2billionCitigroupisplanningtoadopttheequivalentofa"goodbank,badbank"structuretoavoidcollapse.thebadbankwillhaveabout$600billionofassets,almost1/3ofCitigroup'sbalancesheet.Citigrouphasreceived$25+20billionaspartofarescuepackageMorganStanleySmithBarney:morethan20Kborkers,$1.7trillionassets,thelargestU.S.brokerage!!What'sFedBenBern...[閱讀全文]
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Today,onearticlesaiditmaybecreateupto4millionnewsjobs, mostoftheminprivatesector.Howcouldbethenumberkeptchanginginthepast6monthswitheconomicsituationworsening.Idon'tknowwhetherwhatheproposedistrustedbecauseinshorttime,theplankeptchanging,andthenumberwasjumping.Allthepoliticiansaregoodatcreatingexcitingnumbertogetsupport.[閱讀全文]
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524,000jobs(Revised:584,000inNovember,423,000inOctober)areslashedbynervousemployers,anditwasthehighestlevelin16yearsandoneoftheworstyearsin"modernhistoryforAmericanworkers" TheaverageworkweekinDecemberwerecutto33.3hours,whichwasthelowestonrecordssince1964andasignofmorejobreductionsahead. In3008,anettotalof2.6millionjobswerelost.Itwasthefirsttimethepayrollshadbeencutforafullyearsinc...[閱讀全文]
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EMC,theworldlargestmakerofexternaldiskstoragedevice[閱讀全文]
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Lenovo,ChinesePCMakerandthe4thlargestcomputermakerintheworld,willeliminate11percent,about2500~3000,ofitsworkforcegloballyandcuttheexecutive'scompensation.[閱讀全文]
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BeforethegiantPonzigame,andevenjustafterMadoffacknowledgedhischeating, IsawalotofarticlesselectedbyYahooNewsstillcalledtheformerNasdaqchairman"wellrespected"investor.Hehe!However,thetoneofthenewarticlesstartedtochang.Nowthewordbecame"disgraced"insteadof"respected"!Finally,theylearnedwhatwasrightandwhatwaswrong.Youcouldseehowdisgracedfinancieractedafterthecourtb...[閱讀全文]
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OnearticleherehelpstaxpayerrecordhowtheUSgovernmentspendtheirmoneytosaverichesandtostabilizethefinancialmarket. WeknowhowsmartdecisionMr.Paulsonhasmade!!
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