Posts Tagged ‘Market

26
Jun
13

To Clueless Media: President Obama’s in Africa ‘cuz it has top 10 fastest growing economies in the world

TO CLUELESS MEDIA: PRES. OBAMA’S IN AFRICA ‘CUZ IT HAS TOP TEN FASTEST GROWING ECONOMIES IN WORLD

by @zizii2

“THERE is no shortage of economic growth in Africa. Six of the world’s ten fastest growing economies of the past decade are in sub-Saharan Africa. A clutch of countries have enjoyed growth in income per person of more than 5% a year since 2007.”

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Dakar, Senegal (c) mostroneddo

Nothing demonstrates the vapidity of the corporate media than the rancid ignorance they display when they are gung-ho to score cheap shots at President Obama on important matters, rather than do basic research!!!

And so it is that on Pres. Obama undertaking a long overdue working visit to three countries on the continent of Africa, the corporate media including FOXNews universe display once again the national embarrassment that they have become. But for the fact that they’d bleat about threats to their “First Amendment Rights”, I’d rather Pres Obama left them behind to indulge in muffin stories and similar shiny objects they chase best. Foreign media ALWAYS outshine ours anyway, so their absence would actually improve the media pool at these foreign pressers. And the public would be better informed for it.

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So cynical journos like David Nakamura of @WAPO , and colleagues at AtlanticWire  @NYT , Moonie News, @ABC, @NBC, @MSNBC, @CBS, @CNN, @FOX, @YahooNews, here are 12 FACTS to get into their heads before they utter any more inanities about the President’s trip to Africa, and carping endlessly about “costs of trip” versus sequestered White House tours. Without the 80% of Coltan produced from the Congo belt running your iPhone/iPad or other tablet LED screens, they’d be pecking away at an old typewriter (well, assuming even the steel in the machine’s housing isn’t from African iron ore).

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We are talking about Africa in the 21st Century, not some Henry Stanley 19th century racist travelogue you read about “natives doing quaint tribal dances”, or as the late Literary maestro Chinua Achebe snarkily penned at the end of his seminal novel Things Fall Apart, the colonizer’s version of history in which the indigenous African only warrants a passing line about his own history. No we are talking about a forward moving continent, warts and all that brooks no nonsense from anybody, superpower or not!

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Click here to see the rest of the post

22
Oct
12

This and That

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OFA

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President Barack Obama talks with advisor Karen Dunn aboard Marine One en route from Camp David to Joint Base Andrews, Md., Oct. 22, 2012. Sen. John Kerry, D-Mass., is seen in the background. (Pete Souza)

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Meanwhile…..

‘Stock market’s performance under President Obama ranks fifth among all Presidents since 1900′

Steve Benen: ‘Worst. Socialist. Ever.’

See here

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22
Feb
12

evening all

President Barack Obama and First Lady Michelle Obama talk in the Green Room of the White House before hosting a Smithsonian Museum of African American History reception in the East Room, Feb. 22, 2012. (Official White House Photo by Pete Souza)

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President Barack Obama listens during the groundbreaking ceremony of the National Museum of African American History and Culture, February 22

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Don’t miss Liberal Librarian’s latest post at The People’s View

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Business Week

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The Hill: The Congressional Budget Office said Wednesday that President Obama’s 2009 stimulus package continues to have a significant effect.

The bill raised fourth-quarter 2011 gross domestic product by as much as 1.5 percent, it states, and lowered the unemployment rate by as much as 1.1 percentage points.

The package reduced the rolls of the jobless by up to 2 million people in the last three months of 2011.

More here

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LA Times: Sales of previously owned homes rose 4.3% in January and inventories fell to nearly seven-year lows as lower prices, unusually warm weather and an improving economy lifted demand.

….. January sales were at a seasonally adjusted annual rate of 4.57 million …. Sales rose in all four major regions, including an 8.8% pop in the West.

Job creation, mild weather, rising rents and increased household formation contributed to the sales gains, according to Lawrence Yun, chief economist of the Realtors group. “Things are genuinely improving,” Yun said.

More here

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Slate

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Link

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One photo, two cool cats.

Thank you Pam!

(You can buy the PBO poster here – thank you Donna Dem)

17
Aug
11

day three, illinois

Atkinson

Residents of Atkinson line up on Illinois Route 6 to show support for President Obama

President Obama jumps onto the stage prior to speaking at a town hall meeting, Aug. 17, at Wyffels Hybrids Inc., in Atkinson, Ill

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Alpha

President Obama arrives to speak at a town hall style meeting at Country Corner Farm Market on August 17, in Alpha, Illinois

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President Obama huddles with the Galesburg High School football team in Galesburg, Ill.

A girl on the Galesburg High School volleyball team reacts as she gets to meet President Barack Obama

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President Obama waves as he boards Air Force One at the Air National Guard Base in Peoria, Ill., en route to Washington after his three-day economic bus tour

03
Mar
11

‘the lowest level in nearly three years’

Graphic from Time

Marketwatch: New applications for U.S. jobless benefits fell by 20,000 to 368,000 in the week of Feb. 26, the lowest level in nearly three years, the Labor Department reported Thursday.The last time claims were that low was in May 2008.

Economists polled by MarketWatch had expected first-time jobless claims to rise to a seasonally adjusted 398,000 from last week’s revised level of 388,000.

….The four-week average is considered a more accurate gauge of employment trends because it lessens week-to-week volatility in the data. The decline in claims, which have fallen 27% since last August, appears to be consistent with a modest pace or hiring and fewer layoffs.

Continuing claims, meanwhile, declined by 59,000 to 3.77 million in the week of Feb. 19. About 9.24 million people received some kind of state or federal benefit in the week of Feb. 12, up 74,000 from the week before.

Chart from here

Washington Post: Stocks jumped Thursday after a government report showed that the number of people filing for unemployment benefits dropped unexpectedly last week. Retailers also reported solid February sales.

The Labor Department said first-time claims for unemployment benefits fell to 368,000. That’s the lowest level for claims since May 2008. Economists had expected them to rise.

04
Jan
11

‘if this is socialism, call me comrade’

Ritholtz.com: No politics or partisanship here, “just the facts ma’am”.  The stock market, as measured by the S&P500 (a capitalization-weighted index, published since 1957, of the prices of 500 large common stocks actively traded in the United States) is up just about 50 percent since President Obama’s inauguration …. only Eisenhower comes close, but not even in the same zip code. A 50 percent stock move does a lot “spreading the wealth around” and Joe the Plumber’s pension is in much better shape today than it was in November 2008.

Washington Monthly: For about the first two months after President Obama was inaugurated …. Wall Street indexes were dropping sharply … conservatives said the declines were evidence that the White House’s economic policies were a mess, if not an outright failure, and that the president didn’t know what he was doing.

…..The drop in the Dow, the Wall Street Journal insisted, was a direct result of investors evaluating “Mr Obama’s agenda and his approach to governance”. Karl Rove and Lou Dobbs made the same case. So did Rush Limbaugh, Sean Hannity, John Boehner, Mitt Romney…..

That was nearly two years ago, and wouldn’t you know it, they’re not saying that anymore.

….a chart like this one (see above) comes with all kinds of caveats … the value of a stock market index is hardly the best metric for measuring the strength of the economy …. and it’s easier to generate major gains like these when one starts from a very low point – and after eight years of disastrous Republican policies, Bush bequeathed an economy in shambles.

That said, there are some relevant angles to results like these, too. For example, it’s hard not to notice that the right seems awfully selective about when Wall Street indexes count – when the markets are down, Obama deserves the blame; when the markets are up; Obama doesn’t deserve the credit. It’s funny how that works. It’s also tough for unhinged conservatives to continue to insist that the White House is comprised of radical socialists, intent on destroying private enterprise, when major indexes have soared under Obama’s watch.

Full article here

21
Sep
10

shopping around

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President Barack Obama visits Reading Terminal Market in Philadelphia, September 20




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