Tag Archive | "Wall Street"

Occupy Wall Street comes to Minneapolis

Somewhere in the area of 300 people converged on Hennepin County MN Center Plaza to show solidarity with the Occupy Wall Street protesters.

The same, by now familiar themes were addressed in speeches by several of the protesters. Corporate greed and malfeasence, and their influence on polotics and policy in the USA.

A few police were on hand – but like most of the protests throughout the country, it was well behaved and civil.

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Buffalo Wild Wings 4thQuarter – Hotter than expected

Buffalo Wild Wings Inc. reported a strong fourth quarter, with earnings that beat Wall Street estimates.
Net earnings for the quarter jumped 22 percent to $10.2 million, or 55 cents per diluted share, from $8.3 million, or 46 cents per diluted share. Analysts surveyed by Thomson Reuters had expected earnings of 52 cents per share on sales of $163 million.

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Wall Street titans face the flak

Four of Wall Street’s biggest names offered both contrition and a defence of their actions as the Financial Crisis Inquiry Commission promised to use its subpoena power to probe the causes of the crisis

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Outcry on Wall St at ‘absurd’ levy plan

Wall Street reacted with disbelief and resignation to the Obama administration’s plans to annouce a levy on Thursday on the industry to pay for the financial bail-out

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Pay-outs at rescued banks face fresh scrutiny

Andrew Cuomo, the New York attorney-general, raised the political heat on Wall Street pay, asking the top US financial institutions that received billions of dollars in public bail-out money for detailed information on bonuses

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Will house prices fall even more?

I  don’t claim to be an expert in all things economy related, but I do get suspicious rather easily whenever I read an overly optimistic bit of economic news.
One factor which affects (or is it effects – I never can remember) the health of the economy to a huge degree, in a word is, Confidence. And I can’t help but feel like we, the Masses, are played and manipulated by those who report on the latest positive numbers or increasing trends. And then we are supposed to be, snap, all “confidant” again and start buying things on credit that we don’t need – just like the good ole days.
Well it’s taken me a lot of years of living, but I no longer believe the hype (I’m definitely a slooow learner). Just as several of my friends are telling me they think we are at the worst of this economic recession and we will be starting “up” the other side of this dip now, I have to say I don’t believe it for a second.

Here is an article in the Wall Street Journal (not one of my favorite sources of news, but even they are right sometimes) which points out a few of the reasons why I am not buying the hype.

http://online.wsj.com/article/SB10001424052748703816204574487240805281318.html

(also – have a look at the video in the side bar of the Home page. Is relevant to this topic as well )


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