Archive for the ‘hiring’ Category

Roubini Says Stocks Will Drop as Banks Go ‘Belly Up’

March 26, 2009

The rise in the stock market shows promise, but we at Peace and Freedom are looking for businesses to re-hire workers and for consumer spending to rebound before we hire a band and celebrate economic recovery….

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From Bloomberg

U.S. stocks will fall and the government will nationalize more banks as the economy contracts through the end of 2009, said Nouriel Roubini, the New York University professor who predicted last year’s economic crisis.

“The stock market is a bit ahead of the real macroeconomic and financial news,” Roubini, a professor at NYU’s Stern School of Business and the chairman of consulting firm Roubini Global Economics, said in an interview with Bloomberg Television in London today. “We’ll have some major banks going belly up that will need to be taken over.”

The global equity rebound in March that sent the Standard & Poor’s 500 Index to its best monthly advance in 17 years is a “bear-market rally” and U.S. Treasury yields will “remain relatively low” as investors flock to the safest assets, Roubini said. Treasury Secretary Timothy Geithner’s new plan to remove toxic debt from financial companies won’t be enough for insolvent banks, he said.

Roubini’s outlook contrasts with predictions this week from Templeton Asset Management Ltd.’s Mark Mobius and Traxis Partners LLC’s Barton Biggs, who said that equities are poised to rally as government efforts to revive the economy and banking system begin to work. Investors are “way too optimistic” about the prospects for a recovery in the economy and earnings, Roubini said.

Read the rest:
http://www.bloomberg.com/apps/news?pid=
20601087&sid=aCvWs8KIIsUo&refer=worldwide

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Malkin: “People that create American wealth are going on strike”

March 5, 2009

“People that create American wealth are going on strike,” conservative columnist Michelle Malkin told Neil Cavuto on the Fox News Channel on Thursday (4 PM Eastern hour).

Malkin says the “creators of American wealth” are hiring fewer people, planning only very limited future spending and drastically cutting investments.

She said that the “creators of wealth” now have a fear of those that are the middle-men like Congress.  The middle men are taxing the creators of wealth too much and spending tax dollars with little concern for future wealth, investment and debt.

The stock market was down again Thursday indicating that Ms. Malkin may be on to something….even as the White House gears up to spend even more on health care, the bank bailout and a foreclosure rescue plan…..

Related:
Obama Urged Investors to “Buy,” But Stocks Dive Again Thursday

NYT Urges Obama To “Bail Out” Third World Too

 Most Americans Now Say America Could Go Bankrupt

 Obama Can’t Revive Economy With Socialism

American Workers, Businesses Cut Back; Obama Launches Spending Spree

Presidency of Fear

Obama’s Brazen Deception: Why The Stock Market Won’t Recover Soon

 Senate Halts Obama Spending; At Least For The Week End

 Obama plan to prevent foreclosures won’t help many California homeowners

Michelle:
http://michellemalkin.com/2009/03/05/finall
y-a-show-of-cojones-senate-gop-forces-delay-o
n-omni-pork-bill/

Obama Says Stimulus Means Re-Hiring; CEO Says No Can Do

February 13, 2009

Barack Obama’s love and faith in the stimulus is a lot greater than just about anyone else’s.

Related:
Pastor Obama Continues With Holy Stimulus, But The Congregation Isn’t Buying

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BY KAREN TRAVERS AND JAKE TAPPER
ABC News

At a Caterpillar Inc. plant in Peoria, Ill., today, President Obama said that his proposed economic stimulus would allow the company’s CEO to rehire recently laid-off employees. But the head of the company said he will have to fire more workers before he can rehire anyone who has been let go.

President Barack Obama addresses employees at the Caterpillar ... 
President Barack Obama addresses employees at the Caterpillar plant in East Peoria, Ill., Thursday, Feb. 12, 2009.(AP Photo/Charles Rex Arbogast)

Obama has said twice in the past two days that Caterpillar CEO James Owens indicated his company would be able to rehire some of the 20,000 recently laid-off employees.

“Yesterday, Jim, the head of Caterpillar, said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off,” Obama said today in Peoria.

But when asked today if the stimulus could do that, Owens said, “I think, realistically, no. The honest reality is we’re probably going to have more layoffs before we start hiring again.”

Read the rest:
http://abcnews.go.com/Politics/story
?id=6866995&page=1

National Prayer Breakfast: Controversy For Obama Even Here

February 5, 2009

President Obama was at the National Prayer Breakfast Thursday morning — but even in this arena the new president cannot escape controversy.

The new embroglio concerns the preident’s newly revamped Office of Faith Based Initiatives.  The office was created 8 years ago by President Bush and often faith or religion based organizations took government money even though they had a record of discrimination with respect to hiring.

Now separation-of-church-and-state advocates and human-rights organizations that say the government must constitutionally compel these organizations to follow nondiscrimination laws if they accept federal funding.

Say a prayer that this all works out….

President Obama’s remarks at the National Prayer Breakfast:
http://www.usnews.com/blogs/god-and-country/2009/
2/5/president-barack-obamas-speech-at-national-pray
er-breakfast.html?s_cid=rss:god-and-country:preside
nt-barack-obamas-speech-at-national-prayer-breakfast

CNN (Related):
http://edition.cnn.com/2009/POLITI
CS/02/05/obama.faith.based/index.html

Related:
 House Stimulus Has Anti-Prayer, Religion Provisions?

Former British Prime Minister Tony Blair (2nd R) speaks at the ... 
Former British Prime Minister Tony Blair (2nd R) speaks at the National Prayer Breakfast in Washington, February 5, 2009. From L-R are: first lady Michelle Obama, U.S. President Barack Obama, Blair and U.S. Rep. Heath Shuler (D-NC).REUTERS/Larry Downing