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Leslie McCloud's Latest Articles

Wednesday, October 5, 2011

China: US currency bill would have repercussions - Yahoo! News

China: US currency bill would have repercussions - Yahoo! News

Tuesday, September 13, 2011

International alarm over euro zone crisis grows | Reuters

International alarm over euro zone crisis grows Reuters

German Chancellor Angela Merkel sends the markets into a tizzy...the 17-nation Euro should stablilize but Greece would have to file bankruptcy--something that financial experts (Citigroup) said will lead to "fianacial and economic disaster." Wow.

Wine & Dine leads to Job

Birkshire Hathaway owner closed his business as a hedge fund manager to accept a position with Warren Buffet after bidding two years in a row millions of dollars on a private dinner with the man!

GOP, Congress on notice over American (People) Jobs Act, not the President

President Obama is for the people.

Visit msnbc.com for breaking news, world news, and news about the economy

President Obama seems to be the only politician who cares and is doing something to get the American People back to work and yes, we the People have noticed that. Fair share tax talk is what have certain folks arms up in a panic, not the Jobs Act. I have never seen in modern times, a bigger group of people willing to take from the poor to preserve the rich than I have now. It is a shame. Help the president help the People, please. Those of us down at the bottom are who fuel this economy because we are here, stateside all of the time. We live where we work and we buy where we live and where we work. We, the American People complete this circle. This country needs to start producing again and we can all come up one step. How much profit is really needed to be wealthy and superwealthy? Who of your wealthy and superwealthy friends would notice any type of fall-off when you all rise and fall together? Oh, I see, your wealthy and superwealthy European, Asian, Turkish, Mediterranean Middle Eastern, African or Hispanic counterparts would notice. Personally, I think they would follow your example because American wealth is always center stage.

After a certain superwealthy earning point, you are only showing off your wealth and in these turbulent economic times isn’t conspicuous wealth a bit gauche? (Especially with the eyes of your constituency staring darts into your growing pocketbook!)

GOP, Congress, please help the president finance this American Jobs Act. Remember, people are a much friendlier when they have money and quick access to money. Fewer complaints, more votes and you guys can go back to whatever it was that you were doing up there on the Hill and we can go back to shopping at our favorite department stores and running up credit card debt, starting businesses, hiring people and the general act of buying and selling that makes my capitalist country great. If you don’t help, we the People will be sitting around broke, grouchy, monitoring the news, monitoring the Hill and reexamining how we cast our votes and for whom the votes are cast. Remember sweeties, perception is everything and you guys live in a translucent bubble!

Visit msnbc.com for breaking news, world news, and news about the economy

Saturday, August 20, 2011

Bank Capital Regime at Risk as Regulators Spar - Bloomberg

Bank Capital Regime at Risk as Regulators Spar - Bloomberg: - "Basel III requires banks to bolster capital and reduce reliance on borrowing. Now, as they put the standards into effect in their own countries, European Union lawmakers are revising definitions of capital, while the U.S. is struggling to reconcile the Basel mandates with financial reforms imposed by the Dodd-Frank Act. The realists in Europe realized that their banks cannot raise the capital they’d need to comply. U.S. banks have reversed course and are more assertively fighting against it. The future of Basel III looks less certain now than it did when it was agreed to.” The Basel committee revised its capital standards and outlined new rules on liquidity and leverage after the 2008 crisis exposed the vulnerability of the banking system..."

Friday, July 29, 2011

Read the Federal Reserve statement - June 22, 2011 - Jun. 22, 2011

Read the Federal Reserve statement - June 22, 2011 - Jun. 22, 2011: "- Sent using Google Toolbar"
This is the statement of the minutes of the Federal Open Market Committee meeting released June 22, 2011. For analysis of the Fed's interest rate policy and this statement, please click here.

Information received since the Federal Open Market Committee met in April indicates that the economic recovery is continuing at a moderate pace, though somewhat more slowly than the Committee had expected.

Sunday, July 24, 2011

Why the rich will loose all their $ to keep the poor from having a few pennies

Congress ditches Obama on debt talks - Manu Raju - POLITICO.com: "- Sent using Google Toolbar"

"...Congress would make $1 trillion worth of spending cuts — mainly to domestic discretionary spending accounts, with no tax increases. The national debt limit would increase by about the same amount, allowing the borrowing limit to be extended until January 2012."

The world has never seen a group of people so greedy and proud and insensitive as they plan to take from the poor and give even to the rich. God does not like ugly.

Friday, July 22, 2011

Monday, July 11, 2011

#unbelievable Freshman U.S. senator gives Obama debt-limit fits | Reuters

Freshman U.S. senator gives Obama debt-limit fits | Reuters: "- Sent using Google Toolbar"

Definition of a Corporate right robber barren. He cares not for the American People but only protects the interests of big business. Big business cannot seem to find a way to hire the American People because they don't care about the American People--they care about huge profits only. Who elected this person to the U.S. Senate? Couldn't have been the American People. That would be like shooting ourselves in the foot.

It was a low-down , no-good, godawful bailout. But it paid. - The Washington Post

It was a low-down , no-good, godawful bailout. But it paid. - The Washington Post: "a Fortune analysis shows that U.S. taxpayers are also coming out ahead on it — by at least $40 billion, and possibly by as much as $100 billion eventually. This is our count for the entire bailout, not just the 3 percent represented by the massively unpopular Troubled Assets Relief Program. Yes, that’s right — TARP is only 3 percent of the bailout, even though it gets 97 percent of the attention.

- Sent using Google Toolbar"

Saturday, July 9, 2011

CitizenTube: A Small Window into Nairobi

CitizenTube: A Small Window into Nairobi: "Over the past several years, the World Food Programme , has sent numerous cameras across the globe in an effort to call attention to the h..."

Thursday, June 30, 2011

How the Debt Ceiling Issue Will Hit Ordinary Americans in the Wallet - DailyFinance


How the Debt Ceiling Issue Will Hit Ordinary Americans in the Wallet - DailyFinance: "- Sent using Google Toolbar"

It is our congressional leaders who are being "dicks." Debt ceiling issues usually get bipartisan support. Call your congressman or woman and tell them to raise the debt ceiling.

"It also matters because all the parts of our economy are intricately intertwined, like a woven basket where each reed relies upon the next for support. Say the government postpones payments to a contractor. That contractor may decide to hold off on that new ad campaign it had planned to launch. Now, people working in the advertising industry, and maybe the newspapers and television channels that rely on advertising dollars, start to feel the pinch, and so those people decide to start saving more and spending less, in case the economy takes a downturn. Because consumers are now spending less money, stores start seeing a decrease in sales, and respond by reducing employees' hours or even engaging in outright layoffs. And it spirals downward from there."

Buy the book! Buy the book Eighteen Months and Short Stories, Real Life today!

Tuesday, June 21, 2011

Obamawear2012

Obamawear2012: "- Sent using Google Toolbar"

buy a photo tee today.

Monday, April 11, 2011

NYSE rejects takeover offer from Nasdaq and ICE - Apr. 10, 2011

NYSE rejects takeover offer from Nasdaq and ICE - Apr. 10, 2011

NYSE EURONEXT BOARD OF DIRECTORS UNANIMOUSLY REAFFIRMS STRONG COMMITMENT TO AGREED DEUTSCHE BOERSE COMBINATION

Rejects Unsolicited Proposal from Nasdaq and IntercontinentalExchange as Strategically Unattractive, With Unacceptable Execution Risk

NEW YORK, April 10, 2011 – NYSE Euronext (NYSE: NYX) announced today that its Board of Directors, consistent with its fiduciary duties and advised by its independent financial and legal advisors, has unanimously reaffirmed the previously announced combination agreement with Deutsche Boerse AG (XETRA:DB1) and rejected the unsolicited and highly conditional proposal by NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) and IntercontinentalExchange, Inc. (NYSE: ICE) to break up NYSE Euronext.

The NYSE Euronext/Deutsche Boerse combination is consistent with the long-term strategy adopted by the NYSE Euronext Board of Directors in 2009, a strategy that the company has regularly reaffirmed and been successfully executing. The combination with Deutsche Boerse will position the combined company to be the leading global exchange operator and create substantially more long-term value for shareholders, and is significantly more likely to close.

Speaking on behalf of the Board, NYSE Euronext Chairman Jan-Michiel Hessels said:

“Breaking up NYSE Euronext, burdening the pieces with high levels of debt, and destroying its invaluable human capital, would be a strategic mistake in terms of where the global markets are going, and is clearly not in the best interests of our shareholders. The highly conditional break-up proposal from Nasdaq/ICE would also require shareholders to shoulder unacceptable execution risk.

“We are confident that the combination with Deutsche Boerse will create compelling value for our shareholders. With Deutsche Boerse, we are committed to creating the world’s premier exchange group – a geographically diverse business, with strengths in multiple asset classes across the spectrum of capital markets services. The new company will fundamentally change the global exchange industry, establishing a world leader in both derivatives and risk management and the premier global venue for capital-raising.“

As previously announced, the combination of NYSE Euronext and Deutsche Boerse will create:

  • the world leader in derivatives and risk management, with more than 18 million contracts traded per day, and the only clearing house offering real-time position monitoring;

  • the world’s leading cash exchange, including the world’s largest, most iconic capital-raising venue with a combined market capitalization of domestic listed issuers larger than the next four exchange groups combined;

  • the leading exchange provider of technology services and information content, a high-growth technologies and market data services business and the globally renowned STOXX index franchise; and

  • the global pioneer in international post-trade infrastructure and settlement with a broad international revenue base, and significant partnerships in Asia and Latin America .

Mr. Hessels continued: “The combination will be financially powerful, with a strong balance sheet, a world-class management team and an executable strategy -- one perfectly positioned for strategic expansion at a critical juncture in the industry’s global development. The scale and strength of the business will deliver substantial operational and capital savings for clients, along with product innovation and an enhanced range of technology services and market data solutions that will help clients succeed in the rapidly changing global marketplace.”

NYSE Euronext’s financial advisers are Perella Weinberg Partners, BNP Paribas, Goldman, Sachs and Co., and Morgan Stanley & Co., Inc. Its legal advisers are Wachtell, Lipton, Rosen & Katz, Stibbe N.V. and Milbank, Tweed , Hadley & McCloy LLP.

Wednesday, March 30, 2011

Tuesday, March 22, 2011

Startup America: Reducing Barriers Roundtables | SBA.gov

Startup America: Reducing Barriers Roundtables | SBA.gov
Do you have good ideas to create commerce in your neck of the woods or the entire world?
Are you in one of the Start Up America cities?
Find out how to over come barriers to small business creation.
The locations where the Startup America: Reducing Barriers roundtables will be held are:

Durham, NC, March 3
Austin, TX, March 12
Boston, MA, date TBD
Silicon Valley, CA, date TBD
Atlanta, GA, date TBD
Pittsburgh, PA, date TBD
Minneapolis, MN, date TBD
Boulder, CO, date TBD

Watch this page for more information on the Startup America: Reducing Barriers roundtables.

Space at the roundtables is limited and SBA has already received a large number of invite requests. If you’re interested in attending, please submit your name, contact info, and business information to reducingbarriers@sba.gov and we'll be in touch as space opens up.

Please click on the first link to read the article on the SBA.gov website.

Newspaperproject.org