‘Left, Right & Center’: America the Ungovernable?
Posted in Main Blog (All Posts) on November 28th, 2009 5:42 am by HL
‘Left, Right & Center’: America the Ungovernable?
On this Black Friday edition of “Left, Right & Center,” regulars Robert Scheer, Tony Blankley, Matt Miller and Arianna Huffington get philosophical, trotting out the likes of Karl Marx and Georg Wilhelm Friedrich Hegel to get a read on the timely and fundamental question of whether it’s truly possible to govern the people of the United States under the “of, by and for” setup. READ THE WHOLE ITEM
On this Black Friday edition of “Left, Right & Center,” regulars Robert Scheer, Tony Blankley, Matt Miller and Arianna Huffington get philosophical, trotting out the likes of Karl Marx and Georg Wilhelm Friedrich Hegel to get a read on the timely and fundamental question of whether it’s truly possible to govern the people of the United States under the “of, by and for” setup.
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Global Markets Hit by Dubai’s Debt Crisis
Dubai’s debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state’s announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal. —KA The Wall Street Journal: The Dow Jones Industrial Average was off 233 points at its morning low and ended the shortened post-Thanksgiving session with a 154.48-point decline, off 1.5%, at 10309.92, hurt by declines in all 30 components. The Dow, which entered Friday’s session at a 13-month high, ended the week down 0.1%, snapping a three-week winning streak. Traders and money managers drew some comfort from the U.S. market’s recovery from its intraday lows Friday. Many point out that Dubai’s main creditors are European banks, not Wall Street firms. But that could still lead to gyrations next week and beyond if investors with exposure to Dubai’s troubles continue to unload commodities, U.S. shares, and other assets that have shown hefty gains this year to raise cash. “We still need to see if there’s going to be a domino effect here,” with Dubai’s credit woes spreading to its neighbors and trading partners, said Kevin Shacknofsky, of Alpine Woods Capital Investors. “The markets are telling us for now that this is a containable problem, but we’re not absolutely certain of that yet.” Read more READ THE WHOLE ITEM
Dubai’s debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state’s announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal.? —KA
The Wall Street Journal:
The Dow Jones Industrial Average was off 233 points at its morning low and ended the shortened post-Thanksgiving session with a 154.48-point decline, off 1.5%, at 10309.92, hurt by declines in all 30 components. The Dow, which entered Friday’s session at a 13-month high, ended the week down 0.1%, snapping a three-week winning streak.
Traders and money managers drew some comfort from the U.S. market’s recovery from its intraday lows Friday. Many point out that Dubai’s main creditors are European banks, not Wall Street firms. But that could still lead to gyrations next week and beyond if investors with exposure to Dubai’s troubles continue to unload commodities, U.S. shares, and other assets that have shown hefty gains this year to raise cash.
“We still need to see if there’s going to be a domino effect here,” with Dubai’s credit woes spreading to its neighbors and trading partners, said Kevin Shacknofsky, of Alpine Woods Capital Investors. “The markets are telling us for now that this is a containable problem, but we’re not absolutely certain of that yet.”
Related Entries
- November 18, 2009 Holder Defends 9/11 Trial Plan
- November 13, 2009 Coming to America (to Be Tried for Terrorism)
- November 3, 2009 Bloomberg’s In for Third Term as NYC Mayor
- November 2, 2009 USS New York Docks in NYC
- October 17, 2009 Billionaire Arrested for Alleged Insider Trading
