Diamond District

  • April 15, 2009 06:17 PM EDT

    Top Shelf - April 15, 2009

    Banks lead a late day surge. TOP SHELF on Happy Hour: We're making sense of these tea party protests. Thousands of anti-tax, anti-government, anti-spending protesters showed up from sea to shining sea. The protesters mostly fired up about spending trillions bailing out corrupt and poorly run companies. They're also angry about the wealth redistribution policies that helped get President Barack Obama elected, and which are still helping him score high job approval ratings. Funny thing is, they say most protesters out there are working class, middle income Americans so they're presumably on the plus side of that ... read more

  • April 14, 2009

    Should Tea Partiers Call For Rejection Of All Stimulus?

    The tea party organizers in Boston, where the whole thing started back in 1773, expect 2,000-5,000 protesters tomorrow.   If that doesn't sound like a lot, maybe here's why:   Massachusetts is getting more than a billion dollars in gift money from Washington just to balance the budget.  That’s $3 billion for Medicaid expenses, $438 million for fixing and building highways in the state of Massachusetts, $135 million to have clean water, $320 million for mass transit, $209 million for "poor students", another $209 million ... read more

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  • April 14, 2009

    Top Shelf - April 14, 2009

    Stocks slumped as earnings season gets underway in earnest.  TOP SHELF on Happy Hour:   I'll say it once again: companies need to stop firing people for no apparent reason.  Today's exhibit "A" comes from Dean Health System in Wisconsin.   The company laid off 90 workers including one nurse who was in the middle of surgery!  Dean Health says the surgery was minor and the patient wasn't affected.  But the hospital admits the manager who summoned the nurse from surgery to tell her she was laid off violated medical ... read more

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  • April 13, 2009

    Pentagon War Gamers Wonder If China Will Dump The Dollar

    For the first time ever, the Pentagon is playing a war game that is focused on *economic* warfare, instead of a war fought with missiles and possible nukes. One of their key findings involved China selling off American dollars and debt. Apparently the war gamers found a way for China to hit us where it hurts. Yale Professor Paul Bracken, one of the participants, joined me today in The Diamond District. ... read more

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  • April 13, 2009

    Top Shelf - April 13, 2009

    The markets started off the week on an earnings cliffhanger!! TOP SHELF on Happy Hour: Congratulations to the navy for rescuing Captain Richard Phillips, and here's to Captain Phillips himself for his heroic actions. Now America needs to develop a detailed strategy for safeguarding commerce through this immensely important corridor for global trade. The world transports 80% of all international freight by sea. Make no mistake… These pirates are the bloodiest the world has ever seen. They are growing stronger, and more ... read more

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