The sky has finally fallen...

**cooler** · 05-29-2010, 01:51 PM

Originally Posted by Yoppy

Not yet. Its only from AAA to maybe A, but not to "JUNK" status.

we have or should have learned from US's financial crises and gulf oil spill, u do not trust the regulators...
Subprime and credut swaps were stamped AAA to A too.

**Yoppy** · 05-29-2010, 08:01 PM

Yes rating is a rating. In reality its hard to really predict.

**extremenanopowe** · 05-29-2010, 08:28 PM

the buck stops with me... looks like its not working. Is Obama a history now?

**silentheart** · 05-29-2010, 10:47 PM

Yeah, Al said he invented the internet. The buck stop with him when it ran up into his @$$. If he takes responsibility, he should resign.

**extremenanopowe** · 06-01-2010, 08:18 AM

The japanese pm is not going to last. Wonder if Obama can make it. Brown is bigotted...

**taneepak** · 06-01-2010, 08:49 AM

It is customery in Japan for a pm to resign if he loses the confidence of the public. This applies to their corporate heads too.
But in the UK, not so, unless they boot him out in parliament. It is a bit like thin skin vs thick skin.
In the US the president is like an emperor. He can even veto bills that carry more than 50% but less than 2/3 of the votes. He sits tight for the full term, come rain or shine.

**ctjcad** · 06-01-2010, 02:53 PM

Originally Posted by taneepak

It is customery in Japan for a pm to resign if he loses the confidence of the public. This applies to their corporate heads too.
But in the UK, not so, unless they boot him out in parliament. It is a bit like thin skin vs thick skin.
In the US the president is like an emperor. He can even veto bills that carry more than 50% but less than 2/3 of the votes. He sits tight for the full term, come rain or shine.

U.S. also have had a prez resigned, Richard Nixon. But also had 2 prez impeached (trial), Andrew Johnson and Bubba Clinton, although both were acquitted (trial)..

**silentheart** · 06-01-2010, 03:23 PM

Monica: What is that in your pocket? A cigar or just happy to see me?
Bill: You can smoke on one and suck on the other end.

**Pete LSD** · 06-01-2010, 05:15 PM

http://news.nationalgeographic.com/n...10_600x450.jpg

**cooler** · 06-01-2010, 05:55 PM

Originally Posted by Pete LSD

http://news.nationalgeographic.com/n...10_600x450.jpg

maybe a speck of antimatter whiz by and hit the ground.

**ants** · 06-01-2010, 05:55 PM

Originally Posted by silentheart

Monica: What is that in your pocket? A cigar or just happy to see me?
Bill: You can smoke on one and suck on the other end.

Cute...i like it. Ur real funny.

**silentheart** · 06-01-2010, 09:23 PM

Originally Posted by ants

Cute...i like it. Ur real funny.

Your approval is always my biggest honor. Not boner...

**Pete LSD** · 06-01-2010, 09:58 PM

It get to be pink and creamy white at the end of a rigorous training session

.

Originally Posted by silentheart

Your approval is always my biggest honor. Not boner...

**Yoppy** · 06-01-2010, 10:08 PM

Originally Posted by extremenanopowe

The japanese pm is not going to last. Wonder if Obama can make it. Brown is bigotted...

You are right. JP PM has today resigned

**cooler** · 06-01-2010, 11:15 PM

Hewlett-Packard to cut 9K jobs in services unit
By BARBARA ORTUTAY, AP Technology Writer Barbara Ortutay, Ap Technology Writer
Tue Jun 1, 4:01 pm ET

.NEW YORK – Hewlett-Packard Co., the world's largest information-technology company, plans to lay off about 9,000 employees as it tries to cut costs in its back-office computing centers and deepens its use of software, rather than people, to do some of the work that those hubs require.

The changes to these data centers, which are clusters of computers that run websites and process information for HP's corporate customers, will be made over about three years, the company said Tuesday. The layoffs amount to about 3 percent of HP's global work force, which had 304,000 employees as of October, the most recent figure available.

**cooler** · 06-04-2010, 12:46 PM

Euro slumps on Hungary fears

Euro fears resurfaced today - not that they ever really went away - as the currency shared by 16 countries fell below $1.20 U.S., its lowest level in more than four years. This time the focus in Europe is Hungary, whose forint also slumped, to a one-year low against the euro. Market concerns over U.S. jobs numbers added to fears over Europe, which in turn were sparked by a Hungarian government official warning that the country’s economy was in grave danger.

**cooler** · 06-06-2010, 10:50 PM

Asian markets tumble on fears over Hungary
By SHINO YUASA, Associated Press Writer Shino Yuasa, Associated Press Writer
1 hr 8 mins ago

.TOKYO – Asian stock markets tumbled Monday, dragged down by weak U.S. employment figures and fresh fears that Europe's debt crisis could spread as Hungary scrambled to calm worries that the nation is close to defaulting on its debts.

Japan's benchmark Nikkei 225 stock average plunged 396.95 points, or 4 percent, to 9,504.24 with investors also cautious before Japan's new leader, Naoto Kan, forms his Cabinet on Tuesday.

South Korea's Kospi lost 2.6 percent to 1,621.67 while Australia's S&P/ASX 200 was down 3.1 percent at 4,335.90.

Hong Kong's Hang Seng dropped 2.9 percent to 19,211.67. Benchmarks in mainland China, Singapore and Taiwan also fell sharply.

Selling spread in Asia on fears that Europe's debt problems could spread after Hungarian officials said last week the nation was at risk of a Greek-style fiscal crisis.