Archive for 2009

EXPLAINING MONEY to kids.

THE COUNTRY’S IN THE VERY BEST OF HANDS: AIG CEO Robert Benmosche Tells Board He Wants to Quit. “The CEO is chafing under constraints imposed by AIG’s government overseers, in particular a recent compensation review by Kenneth Feinberg, the special master on pay in U.S. President Barack Obama’s administration, according to the people.”

MSNBC: Official: Obama Rejects War Options. “President Barack Obama does not plan to accept any of the Afghanistan war options presented by his national security team, pushing instead for revisions to clarify how and when U.S. troops would turn over responsibility to the Afghan government, a senior administration official said Wednesday. ”

UPDATE: Reader C.J. Burch emails: “LBJ redux.”

CLOSE CALL: “Although no one noticed at the time, the Earth was almost hit by an asteroid last Friday. The previously undiscovered asteroid came within 8,700miles of Earth but astronomers noticed it only 15 hours before it made its closest approach. Its orbit brought it 30 times nearer than the Moon, which is 250,000 miles away.”

DESTROYING MANUFACTURING?

Emerson Electric Co. Chief Executive Officer David Farr said the U.S. government is hurting manufacturers with regulation and taxes and his company will continue to focus on growth overseas.

“Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing,” Farr said today in Chicago at a Baird Industrial Outlook conference. “Cap and trade, medical reform, labor rules.” . . . Farr, in his presentation, also said manufacturers are being hurt by taxes and regulation. He said companies will create jobs in India and China, “places where people want the products and where the governments welcome you to actually do something.”

Read the whole thing.

MIND? “Everything is melting in the mind of Edroso.”