on the heels of a tentative agreement to settle a strike with its machinists, immediately faces contract negotiations with its engineer and technical workers union, an effort promising to be just as heated and contentious as the one that prompted the machinists to walk out for seven weeks
And on outsourcing:
For Boeing's part, the manufacturer said it was able to retain flexibility to manage its business, a hint to its increased reliance on outsourcing. It was also able to secure a longer-term contract than in prior years, crucial for a company with a poor record of suffering production halts during labor-contract negotiations.
The decline in the Index (-23.4 points) is the third largest in the history of the series, and the lowest reading on record. In assessing current conditions
Change? Sorry. The rumor that sounds so confirmed it's making it to the MSM is that Jamie Dimon, CEO of JP Morgan Chase will be Obama's Treasury Secretary
Banks and credit card companies in England are exploiting a legal loophole to seize homes of customers who cannot pay their credit card bills, experts say.
U.S. Senator Ted Stevens was convicted of all seven felony charges of failing to report gifts from a company in his home state of Alaska, a possibly fatal blow to the career of the Senate's longest-serving Republican.
Stevens, 84, was convicted in Washington of making false statements on his Senate financial disclosure forms. He was accused of hiding more than $250,000 in home renovations and other gifts from Veco Corp., an Alaska oil-services company, Bill Allen, the company's founder, and other friends
So, the 84 year old Bridge to Nowhere Senator is goin' down...
what about all of the legal payola on the hill? What about the corporate lobbyists running the country?
We've all heard of the term Stagflation and there is more than one analyst wondering about inflation due to global governments printing money, Roubini is sounding more alarm bells on deflation.
Like me you might have watched 60 Minutes tonight as they did an episode on Wall Street derivatives. The episode explained that what blew up Wall Street was nothing more than a gambling system that was outlawed in 1907.
Just in case you might have been under the false impression that we are learning our lessons, here's a blast from the past. 1995 to be exact.
This is like a bad blues song. We're down so low that even the friggin state unemployment funds are going broke.
Michigan's unemployment fund has run out of money to pay claims, as the automotive economy sheds tens of thousands of jobs every month. The state has borrowed money from the federal government for each of the past three years to cover its costs. It's always paid back the loans, but this year that may not happen. The fund has run out of the money it banked during the flush years.
"Michigan has had high unemployment for many years now, among the highest in the country," Gheske says, "and that has posed a tremendous strain on the trust fund."
Currency pegs are being tested to destruction on the fringes of Europe’s monetary union in a traumatic upheaval that recalls the collapse of the Exchange Rate Mechanism in 1992.
This is a most interesting article from the New York Times:
Last year, female small-business owners were awarded only 3.4 percent of annual federal contracts — even though the latest statistics show women own almost half, or 10.1 million, of small businesses nationwide, and generate about $2 trillion in revenue
In 2000, Congress directed that female small-business owners receive 5 percent of federal contracts each year, now estimated to total $435 billion. But putting that mandate into effect has been a continual battle between lawmakers and the Bush administration.
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