Still Doing God’s Work on Wall Street
Posted in Main Blog (All Posts) on November 25th, 2009 5:46 am by HL
Still Doing God’s Work on Wall Street
Jail, anyone? Perhaps that’s too harsh, and at any rate premature, but is anyone ever going to be held accountable for the behind-the-scenes sweetheart deals that passed tens of billions of taxpayer dollars through the AIG shell game to the very banks that caused the financial meltdown? READ THE WHOLE ITEM
By Robert Scheer
Jail, anyone? Perhaps that’s too harsh, and at any rate premature, but is anyone ever going to be held accountable for the behind-the-scenes sweetheart deals that passed tens of billions of taxpayer dollars through the AIG shell game to the very banks that caused the financial meltdown?
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U.S. Economic Growth Falls Short of Earlier Figure
Whoops! The bad news in this bulletin is that the U.S. economy didn’t grow at quite the rate—3.5 percent—from July through September that the Department of Commerce previously said it had. The good news: It still grew, albeit at the whittled-down pace of 2.8 percent during that time. —KA BBC: The change in the gross domestic product figure came partly because imports, which count as negative, were higher than thought. Imports increased at an annual rate of 21%, the biggest gain since the second quarter of 1985, and a big jump on the 16% first thought. US GDP is expressed as an annualised rate, or annual pace, which shows what the annual rate would be if the latest change continued for the rest of the year. Following the downward revision, the main US share index, the Dow Jones, ended Tuesday trading down 17 points or 0.2% to 10,434. Read more READ THE WHOLE ITEM
Whoops! The bad news in this bulletin is that the U.S. economy didn’t grow at quite the rate—3.5 percent—from July through September that the Department of Commerce previously said it had. The good news: It still grew, albeit at the whittled-down pace of 2.8 percent during that time.? —KA
BBC:
The change in the gross domestic product figure came partly because imports, which count as negative, were higher than thought.
Imports increased at an annual rate of 21%, the biggest gain since the second quarter of 1985, and a big jump on the 16% first thought.
US GDP is expressed as an annualised rate, or annual pace, which shows what the annual rate would be if the latest change continued for the rest of the year.
Following the downward revision, the main US share index, the Dow Jones, ended Tuesday trading down 17 points or 0.2% to 10,434.
Related Entries
- November 24, 2009 Delay Worked for Kennedy
- November 24, 2009 Books, Not Bombs
- November 24, 2009 Obama Risks Losing His Judicial Prize
- November 23, 2009 Refuse Allegiance to Coal
- November 23, 2009 Beautiful Steamer
