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Monday, September 15, 2008
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The credit storm which began when two Bear Stearns hedge funds were forced to liquidate, has continued to intensify so they bail out them.Then they bail out Freddie Mac and Fannie Mae. And now Lehman Brothers, the investment bank announced that it would file for liquidation after huge losses in the mortgage market and a loss of investor confidence crippled it and it was unable to find a buyer.
Number of famous economists, they are each planning to be somewhere else when the crash comes which they predict will topple the rich nations like tumbling tenpins into an economic chaos that will make the Great Depression of the Thirties look like good times. It is the arrogance of one, the unyieldedness of the other, the greed of one, the selfishness of the other, the blindness of one, the hardness of the other, and all of these things in some of those involved!
Ted Rudow III,MA
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Fiorina: McCain to focus on job creation?
Economic advisor Carly Fiorina leaves her options open as potential running mate.By David Cook | Staff Writer of The Christian Science Monitor
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Watch VideoMcCain campaign economics advisor Carly Fiorina was the guest at Monitor Breakfast Monday, as Washington bureau chief David Cook reports
At a Monday morning breakfast with reporters, McCain campaign economic advisor Carly Fiorina was asked what her candidate would do for the economy that President Bush has not.Ms. Fiorina, the former Chairman and CEO of Hewlett Packard, replied, “A focus on job creation. The American dream starts with a job. It is all about growing jobs.”-----
It is a sad story as Hewlett-Packard has dismantled many things that made the company a cut above. I had the chance to meet Mr. Hewlett as he gave to Project Aid-Siberia in the 1990s. He helped millions of people who were without food. From the very beginning,Hewlett-Packard had a way of doing things this was contrary to the prevailing management strategies -a companywide commitment to involvement. It will be sorely missed as profit has taken over.
Former Hewlett-Packard CEO Carly Fiorina, who was the main source of H-P demised of companywide commitment is now is a senior adviser to Sen. John McCain. Fiorina stepped down as chief executive of Hewlett-Packard three years ago. She is chairwoman of the Republican National Committee’s Victory ‘08.
Fiorina want it to be : a little more tempered in your warfare, and you can stretch out the economy a little longer and the war–caused economic boom lasts longer that way. It kind of keeps on a nice higher level. But sooner or later it has to come to an end as greed is her middle name!
Ted Rudow III,MA