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Originally posted by marg6043
Well in case I missed this news or anybody here, congress passed a bill to tax about 90% the bonuses given to people while their companies were receiving bail out money.
Originally posted by whoshotJR
if it was bush would you have said grits and greens also?
Here is to hoping for better days (cheers)
Originally posted by Hx3_1963
Dang...I expected a lot more traffic here tonite...
China hopes U.S. will ensure security of Chinese assets
www.chinaview.cn 2009-03-19 18:27:25 Print
Special Report: Global Financial Crisis
BEIJING, March 19 (Xinhua) -- China hopes the United States will guarantee the security of the Chinese assets and investments in the U.S., China's Foreign Ministry reiterated on Thursday.
Foreign Ministry spokesman Qin Gang made the remarks in response to a question on the decision of the U.S. Federal Reserve Wednesday to spend up to 300 billion U.S. dollars to buy long-term government bonds and expand purchases of mortgage-related debt to revive the economy.
"We have noticed that the U.S. government has taken a series of measures recently to spur its economy," said Qin, adding the effectiveness of the measures should be tested by practice.
Qin said China hoped the measures would take effect as soon as possible so as to speed up the recovery of the U.S. economy as well as the healthy and stable development of the world economy, including China's.
China's foreign exchange reserves hit a record 1.95 trillion U.S. dollars at the end of 2008, the largest in the world and far exceeding that of Japan, the second-largest foreign exchange holder with 1.03 trillion U.S. dollars.
China has invested its huge foreign exchange reserves in low-risk but low-yield assets, such as U.S. government bonds.
According to the U.S. Treasury, China held 681.9 billion U.S. dollars worth of U.S. government bonds as of November.
Originally posted by irishchic
redhatty: what do you think China might be thinking as the "next step?"
I read what you posted as "absolute concern" on their part and maybe even a slight warning?
Originally posted by redhatty
I am trying to stay positive that SOMEONE in one of the .gov positions actually knows what the hell they are doing and that it will ultimately work, but........
Claremont Resort -77
BP Amaco -52 Kaneva -25
NY City Public Health System -400
Kirby Risk -41 OneAmerica -114
UTC CEO: If F22 Is Canceled -3,000
Tenaris Laying Off Almost All Workers
Nearly 800 Sault Ste. Marie steelworkers will be riding out the global economic meltdown on the unemployment line by this weekend.
Mueller Brass -120
Wood Structures Inc. Closing -180
Siemens Energy Closing Plant -75
Weastec Closing Plant -185
APC Closing Plant -75
GE Energy Closes Plant -70
Belden Closing Virginia Plant -45
Lorain OH Firemen -7
New Albany-Floyd County Schools -15
Barrington Community Schools -13
New Lenox SD Teachers -122
S and K Menswear Liquidating 30 Stores
Unilever Plant Closing -110
Armour-Eckrich Meats Closing -400
Commercial Vehicle Group Closing -71
MeadWestvaco Corp. Closing Plant -171
Marathon Equipment Closing -71
St. Luke's Hospital Cedar Rapids -43
Uni-Solar Idles Plants 2 Weeks -400
Morgan Olson Corp. -170
U.S. Olympic Committee -54
GE Pittsfield Plant -100
Timken Since Dec -155
City Of Baltimore -153
Naples Airport -9
Oshkosh Truck Temp Layoffs
Polsinelli Shughart Law Firm -25
U.S. Steel Corp. In Alabama -200
Dura-Bond Industries -180
Golden Moon Casino -77
ThyseenDrupp Waupaca -160
Beth Isreal -150
Graco Cuts Again -180
American Steamship Warns of Layoffs
Aventine Renewable Energy -25
Lawrence County OH -6
more layoff listing and charts