Wednesday, January 28, 2009

Economic News

Do blog da Economist. O linguajar é impagável, apesar das terríveis notícias: "Yesterday, Boeing announced that it was axing 10,000 workers".
"THOSE of you wondering how Starbucks could afford to operate while placing three stores within a block of each other, wonder no longer. The coffee retailer is sacking nearly 7,000 employees and closing 300 locations (leaving it with a mere 16,000 or so remaining stores—I'm not kidding).

The cuts constitute a second blow in as many days for the city of Seattle. Yesterday, Boeing (now headquartered in Chicago, but still employing a majority of its workers in the state of Washington) announced that it was axing 10,000 workers. But it's not like things are much better anywhere else! Reduced shipments of coffee beans, and aeroplanes, and pretty much everything that people buy or sell produced a year-over-year dip in trucking in the month of December of 14.1%. Go look at Calculated Risk's chart, it's really something to see.

The Federal Reserve continues to do what it can. The central bank announced today that it would keep the federal funds target at more or less zero, and it's ready to buy longer-term Treasuries. This is fortuitous—Boeing, as it happens, manufactures helicopters. It would seem that Ben Bernanke is in the market for one."
>> Bad Moon Rising; Creedence; Chronicle
>> No Country For Oldmen; Cormac McCarthy; Vintage International

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