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From User: Rattle

Current Topic: Business

What's wrong with the economy?
Topic: Business 9:09 pm EST, Feb  9, 2006

1) Profits are up, but the wages and the incomes of average Americans are down.
2) More and more people are deeper and deeper in debt.
3) Job creation has not kept up with population growth, and the employment rate has fallen sharply.
4) Poverty is on the rise.
5) Rising health care costs are eroding families' already declining income.

Short and to the point.

via the Economic Policy Institute.

What's wrong with the economy?


CNOOC: Unocal Bid Not About Politics - Yahoo! News
Topic: Business 7:34 am EDT, Jun 29, 2005

Chinese state-controlled oil and gas company CNOOC Ltd. is waging a high-stakes public relations campaign to focus its bid for U.S. energy producer Unocal Corp. on shareholder value, and away from politics.

Even before making public its $18.5 billion for Unocal last week, competing with a $16.6 billion deal with Chevron Corp., members of Congress sent President Bush a letter warning him of the threats posed by China's "pursuit of world energy resources."

"This is a commercial deal, a commercial bid from one New York Stock Exchange listed company to another New York Stock Exchange listed company designed to improve shareholder value for both," said Mark Palmer, a managing director at Public Strategies Inc. of Austin, Texas, one of two public relations firms hired by CNOOC.

Paul Krugman thinks we should be worried about this.

Two things that have been said often apply here. First, Chinese foreign policy consists of one word: oil. Second, its likely that any conflicts with China would be fought out on an economic battlefield.

So what does everything think? Should we be concerned about this?

I agree. I'm worried about this. Our dependance on oil is our biggest weakpoint. Its like having a insecure modem pool bypassing your firewall.

CNOOC: Unocal Bid Not About Politics - Yahoo! News


 
 
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