Tuesday, October 21, 2008
This is NOT good news, okay? NOT GOOD !
Yahoo Headquarters Tour @ Yahoo! Video
Sunnyvale, California is World Headquarters for Yahoo ! This is NOT good. NOT ! The Republicans are NOT doing good. I don't want to hear how Google is taking over the world ! The world is too big for Google to handle it all.
"W"rong !
There should be enough commerce for everyone to have viable profits and their consumers to be enjoying life. This is simply Republican agenda that doesn't work !
The Bottom LineYahoo! (click title of entey, thank you)
Earnings Plunge, Cuts 1,500 Jobs
Wendy Tanaka, 10.21.08, 5:11 PM ET
BURLINGAME, CALIF. -
Yahoo! said Tuesday that third-quarter earnings fell 64% on sluggish advertising revenue growth resulting from the economic slowdown.
The embattled Internet portal reported net income of 4 cents per share, or $54 million, on revenues of $1.79 billion--compared with net income of 11 cents per share, or $151 million, for the same period a year ago.
Third-quarter revenues grew just 1% to $1.79 billion from $1.77 billion in the same year-ago period.
The Sunnyvale, Calif.-based company also announced job cuts of a least 10% of its 14,300 employees during the fourth quarter. The cuts are aimed at reducing the company's annual cost run rate of $3.9 billion by more than $400 million before the end of the year....
I mean you didn't think I was going to pass this one up, did you?
And it was looking so much better, too. When IN THE HELL is this Republican Money Printing Press going to realize they are doing the worst thing they can do by dumping a lot of empty US dollars in the market? When is that message going to ring loud and clear with these idiots in the Executive Branch ?
The Dow
9,033.66
–231.77
–2.50%
Nasdaq Composite Index
1,696.68
–73.35
–4.14%
S.&P. 500 Index
955.05
–30.35
–3.08%
Bovespa Index (Brazil)
38,962.58
–478.50
–1.21%
The Nikkei was up, but, they'll fall after today. The close on the Nikkei is about 2AM EST. So, we aren't really seeing the value from today's activities yet. Beside the Nikkei, CAC was up marginally by 0.78%. I think that is Germany and it closed at 11 AM EST.
Nikkei 225 Index
9,306.25
+300.66
+3.34%
The Bush Bunch need to be impeached. Don't just stop with ONE.
Caterpillar Shifts Into Low Gear (click here)
Melinda Peer, 10.21.08, 3:20 PM ET
With customers in some of the fastest-growing industries and more than half of sales coming from abroad, Peoria, Ill.-based Caterpillar is a good guide to the pulse of global economic conditions. So it's hardly good news that although the company restated year-end guidance, it now expects sales to flat-line in 2009 and has had to reduce its workforce.
Shares of Caterpillar slumped 5.1%, losing $2.07 to $38.83, during Tuesday's afternoon trading session....
The Dow
9,033.66
–231.77
–2.50%
Nasdaq Composite Index
1,696.68
–73.35
–4.14%
S.&P. 500 Index
955.05
–30.35
–3.08%
Bovespa Index (Brazil)
38,962.58
–478.50
–1.21%
The Nikkei was up, but, they'll fall after today. The close on the Nikkei is about 2AM EST. So, we aren't really seeing the value from today's activities yet. Beside the Nikkei, CAC was up marginally by 0.78%. I think that is Germany and it closed at 11 AM EST.
Nikkei 225 Index
9,306.25
+300.66
+3.34%
The Bush Bunch need to be impeached. Don't just stop with ONE.
Caterpillar Shifts Into Low Gear (click here)
Melinda Peer, 10.21.08, 3:20 PM ET
With customers in some of the fastest-growing industries and more than half of sales coming from abroad, Peoria, Ill.-based Caterpillar is a good guide to the pulse of global economic conditions. So it's hardly good news that although the company restated year-end guidance, it now expects sales to flat-line in 2009 and has had to reduce its workforce.
Shares of Caterpillar slumped 5.1%, losing $2.07 to $38.83, during Tuesday's afternoon trading session....
They are doing it again ! I mean these lousy bozos have more tricks up their sleeve, the people of this country have no control over, than Kreskin.
Get them OUT of the White House, the Fed and any other institution that has collapsed in the last 24 months !
Enough already !
21 months ago: Although the Federal Reserve has become more open over the years, it is still one of the most mysterious Washington institutions. These photos from files or provided by the Federal Reserve are the people, who hold such power over each American's pocket book: from top left, Chairman of the Federal Reserve Ben Bernanke; Federal Reserve Governor Susan Bies; Federal Reserve Vice Chairman Donald Kohn; Federal Reserve Governor Kevin Warsh; Federal Reserve Governor Randall Kroszner; Michael Moskow, president of the Federal Reserve Bank of Chicago; Federal Reserve Governor Frederic Mishkin; Timothy Geithner, president of the Federal Reserve Bank of New York; William Poole, president of the Federal Reserve Bank of St. Louis; Cathy Minehan, president of the Federal Reserve Bank of Boston; Thomas Hoenig, president of the Federal Reserve Bank of Kansas City.
Fed to buy commercial papers from money mkt mutual funds (click on title to entry, thank you)
Washington, Oct 21: The US Federal Reserve on Tuesday said it will buy commercial papers and deposit certificates, among others from the country's money market mutual funds, a move aimed at bolstering short-term liquidity in the system.
For the purpose, the Federal Reserve has created Money Market Investor Funding Facility (MMIFF), which would support a private-sector initiative designed to provide liquidity to the nation's money market investors.
The Federal Reserve in a statement said eligible assets would include US dollar-denominated certificates of deposit and commercial paper issued by highly rated financial institutions and having remaining maturities of 90 days or less.
Eligible investors would include US money market mutual funds and over time may include other US money market investors. "
The short-term debt markets have been under considerable strain in recent weeks as money market mutual funds and other investors have had difficulty selling assets to satisfy redemption requests and meet portfolio rebalancing needs.
"By facilitating the sales of money market instruments in the secondary market, the MMIFF should improve the liquidity position of money market investors, thus increasing their ability to meet any further redemption requests and their willingness to invest in money market instruments," the Fed said.
Under the programme, the Federal Reserve Bank of New York would provide senior secured funding to a series of special purpose vehicles to facilitate an industry-supported private-sector initiative.
Bureau Report
Enough already !
21 months ago: Although the Federal Reserve has become more open over the years, it is still one of the most mysterious Washington institutions. These photos from files or provided by the Federal Reserve are the people, who hold such power over each American's pocket book: from top left, Chairman of the Federal Reserve Ben Bernanke; Federal Reserve Governor Susan Bies; Federal Reserve Vice Chairman Donald Kohn; Federal Reserve Governor Kevin Warsh; Federal Reserve Governor Randall Kroszner; Michael Moskow, president of the Federal Reserve Bank of Chicago; Federal Reserve Governor Frederic Mishkin; Timothy Geithner, president of the Federal Reserve Bank of New York; William Poole, president of the Federal Reserve Bank of St. Louis; Cathy Minehan, president of the Federal Reserve Bank of Boston; Thomas Hoenig, president of the Federal Reserve Bank of Kansas City.
Fed to buy commercial papers from money mkt mutual funds (click on title to entry, thank you)
Washington, Oct 21: The US Federal Reserve on Tuesday said it will buy commercial papers and deposit certificates, among others from the country's money market mutual funds, a move aimed at bolstering short-term liquidity in the system.
For the purpose, the Federal Reserve has created Money Market Investor Funding Facility (MMIFF), which would support a private-sector initiative designed to provide liquidity to the nation's money market investors.
The Federal Reserve in a statement said eligible assets would include US dollar-denominated certificates of deposit and commercial paper issued by highly rated financial institutions and having remaining maturities of 90 days or less.
Eligible investors would include US money market mutual funds and over time may include other US money market investors. "
The short-term debt markets have been under considerable strain in recent weeks as money market mutual funds and other investors have had difficulty selling assets to satisfy redemption requests and meet portfolio rebalancing needs.
"By facilitating the sales of money market instruments in the secondary market, the MMIFF should improve the liquidity position of money market investors, thus increasing their ability to meet any further redemption requests and their willingness to invest in money market instruments," the Fed said.
Under the programme, the Federal Reserve Bank of New York would provide senior secured funding to a series of special purpose vehicles to facilitate an industry-supported private-sector initiative.
Bureau Report
Flooding is going to be a chronic condition for Belize.
18 October, Belmopan, BELIZE -(Belizean.com) Massive flooding in the western and central areas of Belize has cut off many villages and towns from the rest of the country, led to emergency evacuations, loss of crops and the closure of most schools and the University of Belize. Tropical depression 16 crossed over the Central American region last week bringing most rivers in Belize to flood state. And new rains which started last night have lead to heavy flooding at the western border between Belize and Guatemala leading authorities from both countries to close the border crossing.
The Belizean people will require continuous assistance in order to maintain a homeostatic lifestyle. They need assistance on a continual basis from here on. Anything short of that is the Global Community's abandonment of them. The Belizean government needs debt relief to proper care for its populous.
If it were a larger country, with a larger population and several forms of economy, and alternative sources of income; it would be easier to have their needs contained within their own economy; but; Belize relies on tourism and some oil income as well as some agricultural exports. Due to the fact it has an impoverished economy and usually runs a small deficit annually, it is ill prepared from chronic issues as major flooding.
Belize is in the direct path of a chronic 'heat transfer system' that feeds off the Equator and delivers its heat to the Arctic Circle. In the satllite below, the 'very moist heat transfer system' over Belize resulted from a vortex just east of the USA New England States.
October 21, 2008
0630z
UNISYS Water Vapor GOES East Satellite (click here for 12 hour loop)
The westernmost town of Benque Viejo del Carmen which borders with Guatemala has been cut off from the main road network. The only bridge connecting western Belize to Guatemala through the town of Melchor de Mencos has sustained damage from debris brought down by the Mopan river which is in full flood stage. And the exit road from Benque Viejo del Carmen to the rest of Belize is under four feet of water and been closed to vehicular and pedestrian traffic.
The Belizean people will require continuous assistance in order to maintain a homeostatic lifestyle. They need assistance on a continual basis from here on. Anything short of that is the Global Community's abandonment of them. The Belizean government needs debt relief to proper care for its populous.
If it were a larger country, with a larger population and several forms of economy, and alternative sources of income; it would be easier to have their needs contained within their own economy; but; Belize relies on tourism and some oil income as well as some agricultural exports. Due to the fact it has an impoverished economy and usually runs a small deficit annually, it is ill prepared from chronic issues as major flooding.
Belize is in the direct path of a chronic 'heat transfer system' that feeds off the Equator and delivers its heat to the Arctic Circle. In the satllite below, the 'very moist heat transfer system' over Belize resulted from a vortex just east of the USA New England States.
October 21, 2008
0630z
UNISYS Water Vapor GOES East Satellite (click here for 12 hour loop)
The westernmost town of Benque Viejo del Carmen which borders with Guatemala has been cut off from the main road network. The only bridge connecting western Belize to Guatemala through the town of Melchor de Mencos has sustained damage from debris brought down by the Mopan river which is in full flood stage. And the exit road from Benque Viejo del Carmen to the rest of Belize is under four feet of water and been closed to vehicular and pedestrian traffic.
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