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Friday, July 1, 2011

Quick thoughts- 7/1/11


These quick thoughts are getting addictive to do..  Feels like a monologue from David Letterman, Jay Leno or Conan O' Brien except our one-liners are a higher percentage funny and no dirty (and sloppy) dozen writers needed to write the jokebombs.  So without further ado, Here we go....

Papandreou wins second crucial vote (FT.com) - The baddies win with 155 votes.  The first austerity vote was won with 155 votes.  The vote of no-confidence was 155 in favor of the PM.. Hmm.. can someone say 'Lockstep'?

Unemployment benefit applications stuck above 400K (AP) -- 12th straight week at 400k+.  7.5 million people currently receiving unemployment benefits.  On the bright side, Wall St wasn't interested or affected- whewww~

Obama Urges Deficit Deal by July 22 (WSJ)  -- Wonder why that day was so special? Turns out the film 'Captain America: the First Avenger' is opening that Friday. At least he has his priorities: First save the nation, then rip-roarin' popcorn munchin' Fun!

Senate cancels recess to work on debt ceiling (CNN) -- Good Call.  Mitch McConnell looks in no shape to be playing dodgeball.  Poor ole' goat.

US Caught China Buying More Treasurys Than Disclosed (CNBC) -- Chinese entities hold at least $1.115 trillion in U.S.debt; 26% of the paper issued by Washington.  Guess we know who owns who.

Fed's Massive Stimulus Had Little Impact: Greenspan (CNBC) --  He said the $2 trillion in QE over the past 2 years had done little to loosen credit and boost the economy.  Amazing how honest one can be in retirement vs being a Master Liar when Fed Chair.

Skills gap' leaves firms without worker pipeline (AP) -- Oh my God.. you mean..  Companies may Actually have to..  Nooo... Take the time...  Company Time... to Train new workers??  Nooo!!!

Colleges increase tuition after state cuts (CNN) -- One student protester's sign summed it best: "Fine, I'll just be a Stripper!"  Who said Americans have lost their ingenuity?

NBA Owners Set Lockout (WSJ) -- First no NFL Football, now no NBA basketball.. Thank goodness fer hockey, Ehh?

Dealerships spruce up: Cappuccino while you wait? (AP) -- I'm looking to buy a second car but holding out until I find a dealer who will give me footsie rubs and extra mini-marshmallows in my cocoa.

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