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Washington on Broadway
As I’ve mentioned in the past, I like to keep the news channels on during the work day. For the most part, I leave it on mute until something of interest pops up. That something of interest today was the second part of Bernanke’s testimony in front of the House Financial Committee. It was rather un-amusing, but that’s not what I’m here to talk to you about today. While the Bernanke hearings were underway, CNBC decided to take a break in the coverage and shoot over to America’s most recent gladiator for free markets: Rick Santelli; the bringer of truth…
26Feb2009 | Oxbury Research | 0 comments | ContinuedU.S. President Barack Obama Takes Office, Faces Some of the Biggest Challenges in U.S. History
When President-elect Barack Obama gets sworn into office as the nation’s 44th chief executive this afternoon (Tuesday), he inherits a country that hasn’t been this badly off financially since the Great Depression.
And President Obama can anticipate considerable sleep loss, for the recession-plagued U.S. economy and the accompanying financial crisis aren’t even the only challenges his administration faces.
He has not one, but two, medium-sized wars – one in Iraq and the other in Afghanistan – neither of which look easy to end with a fully satisfactory outcome. He has an ally, Israel, which has been threatened with annihilation by its enemy,…
20Jan2009 | Money Morning | 0 comments | Continued
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