| MTSU wants to rename music school
MTSU officials announced Monday they will remove the name of the late Bob McLean from its school of music. McLean, who was found dead in Shelbyville last month in an apparent suicide, had been accused of taking more than $40 million from investors as loans, promising to invest the money in the stock market, but he seems to have lost most of the money day-trading in stocks in 2001 and 2002, a bankruptcy trustee has said. .
Our view: U.S. retains clout in global markets - for now
Amidst all the panic and uncertainty on trading floors from Tokyo to London this week came the reassuring news that the American consumer is still king in the world market.
As concerns heightened about a 2008 recession here, one school of thought held that the dampening effect of such a development would be more than offset on foreign exchanges by the continued robust growth in places like China and India. Wrong!
As one economist noted yesterday, when the U.S. sneezes, the world still catches a cold. And the mere thought of Americans cutting back on their purchases due to worry about their jobs, the value of their homes and the cost of gasoline was enough to send those foreign stock markets into a two-day tailspin.
Of course, confirmation that they are still held in high esteem by investors overseas comes as cold comfort to the average American.
Job fair seeks to attract workers to area
Here, we have Syracuse, and Buffalo, and thats about it. There should be a college created somewhere in the Syracuse/Binghamton/Poughkipsee area that should be a Div I school, competing in football, basketball. and baseball. You mentioned alot of "family" events, and how the younger generation seems to ruin them because they like to drink. Well, how many college grads and 25-30 year olds DON'T have a family (i.e. spouses and kids). Sure, you can have "family" events, but college grads don't want to see the Cheetah Girls and Brenda Lee, and certainly most don't care about the EJ and IBM relics. Reminiscing about "Bricky Pond", the EJ pool, or going to Woolworths to buy 5-cent ice cream sundaes isn't going to make people come here.Posted by: Mikey on Sun Dec 30, 2007 4:59 pm .
A Guide to Nationalism
A new scandal could lead to a cold war, the main weapon in which would be cutting off of economic ties, especially trade and gas supplies. That is the only way to bleed Belarus, since Russia accounts for half of its trade turnover.
But the Belarusian front looks the most dangerous. First, there are psychological factors. Most Russians, in spite of the efforts of propagandists, still look with approval on Belarus, on the union state and on Alexander Lukashenko. Second, the same segment of the population that approves of Belarus will disapprove of the disappearance of cheap Belarusian food and clothing from stores if economic ties are severed. Lukashenko promised that, if Russia raises the price of natural gas to Belarus, 10 million Russians would lose their jobs in factories that make parts for Belarusian trucks and tractors.
Kass: Ben Stein Blames You
Finally, my regular day starts, and these days, it is filled with thoughts about the stock market, cogitating over the week that was and what to do next and why, in addition to calls or emails between other hedge hoggers. Yesterday morning, I was prepared to write a column preliminarily entitled "The Case for a Bull Market: What Could Go Right and How." I was going to emphasize the latent buying power of sovereign wealth funds and make the case that the equity market might be discounting a far deeper recession than might occur. I had planned to underscore that interest rates remain subdued, that the curative process of restoring capital bases at leading financial institutions continues apace and that a negative sentiment bubble seems to be emerging coincident with lower share prices.
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