200910.25
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Tarped and Stimulated

The Commerce Department will release the preliminary estimate of third quarter GDP on Thursday and the consensus expectation is for a positive growth rate of 3%. Considering what has been spent on behalf of economic recovery I would sure hope that we get something north of 3%. TARP took roughly 5% of GDP from the private…

200910.21
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Feinberg Cuts Pay

The Obama administration’s pay czar will order companies with significant government ownership to cut pay: WASHINGTON — Responding to the growing furor over the paychecks of executives at companies that received billions of dollars in federal bailouts, the Obama administration will order the companies that received the most aid to deeply slash the compensation to…

200910.21
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Tit for Tat

BEIJING – China took steps to impose antidumping duties on certain nylon imports from the U.S., European Union, Russia and Taiwan, hitting companies in the U.S. with duties of as much as 36%. This is why it is so dangerous for the US to start down this path with tire tariffs. The US has been…

200910.18
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Down the Rabbit Hole

“If I had a world of my own, everything would be nonsense. Nothing would be what it is because everything would be what it isn’t. And contrary-wise; what it is it wouldn’t be, and what it wouldn’t be, it would. You see?” From Alice in Wonderland I’m quite sure that Charles Dodgson – better known as Lewis…