Which way to go with Federal spending?
Here's the problem in a nutshell: We are currently deficit-spending to the tune of $1.2 trillion a year, or around $3.3 billion per day. Again, that's just the amount of deficit spending -- the amount we have to borrow as a country each and every day. It's more than George Lucas's net worth. Or, in more meaningful terms, more than the market price for all of Manpower, Tupperware, Hillshire Farms, Six Flags, or The Washington Post Company. We are, in essence, borrowing the entire value of one of these companies every day. Which means that we would/will have to create a company of that size every single day in order to pay back those debts. That's no small order.
Jack Bogle says "the outlook for bonds over the next decade is really terrible"
Hi, Motorola. Welcome to Google. 4,000 of you are fired.
Google took over Motorola Mobility (the cell-phone maker) less than a year ago, and now they've laid off 20% of the staff.