Posts filed under “Video”
More straight talk from an old hand in the building sector:
"Billionaire investor Eli Broad said the U.S. economy is in the "worst period” of his adult life as a housing market recovery remains "several years” away.
"This is worse than any recession we’ve had since World War II,” Broad, 75, said in an interview yesterday. Broad, the founder of homebuilder KB Home, said the U.S. should avoid a depression on the scale of the 1930s because the country now has sufficient "safety nets.”
The economy expanded at an annual rate of 1 percent in the first quarter, the Commerce Department said last week. That caps the weakest six months of growth in five years. The U.S. lost 49,000 jobs in May, when the unemployment rate rose to 5.5 percent, the fifth straight month with a drop in payrolls and the biggest jump in the jobless rate in more than two decades.
"This is the worst period of my adult lifetime,” Broad said, speaking about the U.S. economy. "I do not think things are going to get any better” before the next president takes office in January.
Check out that chart in the background — Ouch!
Broad Says Economy in Worst Slump Since World War II
Anthony Massucci and Erik Holm
Bloomberg, July 1 2008
We looked at what Murdoch was altering at the WSJ not too long ago in Murdoch’s WSJ Changes Creates Opening for NYT, FT.
Rupert Murdoch: The Last Hope for Journalism?
Part I: Murdoch’s Methods
Parts II & III after the jump.
Murdoch’s WSJ Changes Creates Opening for NYT, FT (April 2008)
Mr. Murdoch Goes to War
Atlantic, July/August 2008
China’s subsidized fuel prices worked miracles in the past, but because they hurt energy stocks, they are now a major policy concern.
click for video
For Chinese, the Reality of Higher Gas Prices
NYT, June 21, 2008
Mike Santoli on the Reshaping of a newer, smaller Wall Street:
This is based on the article in this week’s cover story in Barron’s, Future of the Street.
Future of the Street
BARRON’S June 30, 2008
The Fed is walking a tightrope between inflation and a recession, hoping to find its way to neutral. Bill Gross, of PIMCO, shares their insight.
"There’s a lot of stress in the
financial markets. Let’s face it, this economy, the US economy and
even the global economy is delevering, and when an economy delevers there are
substantial problems and substantial risks.
"We’ve seen a lot of that. We’ve
seen writeoffs in the hundreds of billions of dollars with more to come. But
yeah, there’s a lot of tenuous action in the financial markets these days and I
expect more of it."
Gross: Fed Will Hold Steady for Rest of Year
CNBC.com | 25 Jun 2008 | 03:20 PM ET
Very interesting video from SquawkBox Wednesday morning — I thought Doug Dachille of First Principles Capital Management did a nice job and Gary Kaminsky Neuberger Berman is always solid.
This was not Joe Kernan’s finest interview . . . especially later in the interview.
Part II is here:
HBO will air Carlin’s most recent live comedy special, "It’s Bad for Ya," at 9 p.m. Friday, June 27.
Tonight and tomorrow, HBO2 will air 11 of those earlier shows:
Wednesday, June 25th
8:00pm George Carlin at USC (1977)
9:00pm George Carlin Again! (1978)
11:00pm Carlin at Carnegie (1983)
12:00am Carlin on Campus (1984)
1:00am Playin’ with Your Head (1986)
Thursday, June 26th
8:00pm What Am I Doing in New Jersey? (1988)
9:00pm Doin It Again (1990)
10:00pm Jammin in New York (1992)
11:00pm Back in Town (1996)
12:05am You Are All Diseased (1999)
1:00am It’s Bad For Ya (2008)
Also, this weekend, NBC will be running the very first ever 1975 Saturday Night Live, hosted by none other than George Carlin. Its a must TiVo show.
Those of you who may not be all that familiar with Carlin’s earlier
works should especially catch the 1970′s and 80′s work. Its probably
tame compared to what you are used to today, but Carlin was groundbreaking. Most modern comics owe a huge debt to Carlin.
For those of you without HBO, there’s always the complete set: All My Stuff
George Carlin (1937 – 2008)