« July 2005 | Main | September 2005 »
August 29, 2005
Greenspan's Exit Drama
Looking forward to his upcoming retirement, Alan Greenspan is taking advantage of two things during his last few months: Beautiful scenery and bombshell last words.
This weekend’s conference in Jackson Hole, Wyoming was no exception. Against the backdrop of one of the world’s most pristine ski resorts, Greenspan gave a heart-warming farewell address to a chummy group of central bankers, academics and Wall Street investors.
Within the seemingly innocent and personal address, however, Greenspan managed to pack a statement about Fed policy that not only shook the invitees in this sleepy resort town but had financial communities around this world buzzing all weekend.
Posted by Michelle Smith at 05:30 PM | Comments (0)
August 18, 2005
America's Outsourcing Heartburn
Is America outsourcing too much?
At a time of relatively high unemployment, tales of outsourcing woes that have stripped white-collar job securities from our decently educated strike fear into the hearts of many middle class Americans. Rumors that “most of our best jobs can be outsourced”, and that “Americans have no place to move up”, and that outsourcing is making us "lose our national sovereignty" provide for a grim future. Worse, the fact that we, proud Americans, do not have the competitive advantage in business that many of us thought we were born with, is just plain appalling.
Perhaps this article can provide some perspective to help save this nation from heartburn.
Posted by Michelle Smith at 07:32 AM | Comments (0)
August 06, 2005
South Korea's Big Little Thorn
S. Korea just got a major thorn out of its side. For the benefit of those who are visual learners, the thorn, in life size, looks like this:
"-"
Posted by Michelle Smith at 06:23 PM | Comments (0)
August 01, 2005
A New Sport For Europe?
Unemployment in Europe is now like a spectator sport. Massive layoffs happen so often these days that one could grab a couple of mates together, flip on the BBC, and have a lovely afternoon placing bets on today's hits.
Posted by Michelle Smith at 08:23 PM | Comments (0)