The Radford Free Press – Page 402 – All life is problem solving.

Economics / bailouts, banking, Citibank, Geithner, Goldman Sachs, Herb Allison, TARP, Vikram Pandit /

Banking Back In The News … With A Bang

March 4, 2010

What a day it turned out to be in Congress today. Bankers everywhere. Treasury Department officials causing chaos. Congressmen and women apoplectic and avoiding responsibility. Aaah, good times. First: Vikram Pandit, the deservedly beleaguered CEO of Citibank, went to Congress and gave heartfelt thanks for all the support his failed organization received during its self-inflicted […]

Economics / consumer confidence, consumption, deflation, jobs, Keynes, productivity, retail sales, stimulus, unemployment, wages /

Better News!

March 4, 2010

I won’t say ‘good news’, but definitely better. Jobs: This morning’s report on first time claims for unemployment assistance has them dropping by 29,000 to 469,000. Before we all get too wrapped up by this though we have to recall the free pass we gave ourselves the last two weeks. There has been an issue […]

Economics / ADP Employment Report, jobs, stimulus, unemployment /

Jobs: More Sideways Than Down?

March 3, 2010

I always dislike pundits who use the weather in order to avoid making definitive statements about economic numbers. But today’s jobs news from ADP, the payroll management company, provide a legitimate example where such avoidance makes sense. The report, on the surface, is not good. The economy lost 22,000 from private sector payrolls in January. […]