If so, perhaps The Captain and Tennille can get jobs entertaining the crews....if there are any left?
The Baltic Dry Index Has Never Crashed This Fast Post-Thanksgiving
We are sure it's nothing - since stock markets in China and The US are soaring - but deep, deep down in the heart of the real economies, there is a problem. The Baltic Dry Index has fallen for 21 straight days, tumbling around 40% since Thanksgiving Day.
This is the biggest collapse in the 'trade' indicator (which we should ignore unless it is rising) since records began 28 years ago...
As The Index itself hovers very close to the post-crisis lows...
Nice way to implement across the board pay cuts, and without increasing UE rate.
The Connecticut-based tech giant Pratt & Whitney will furlough most of its salaried workers in the U.S. on seven different days in 2015 in an effort to cut costs.
According to a company spokesperson, the following dates have been scheduled as non-work, non-paid days:
Easter weekend on Monday, April 6
Memorial Day weekend on Friday, May 22
Fourth of July weekend on Monday, July 6
Labor Day weekend on Friday, Sept. 4
Columbus Day weekend on Monday, Oct. 12
Thanksgiving holiday on Wednesday, Nov. 25
Christmas Eve on Thursday, Dec. 24
Pratt spokesperson Ray Hernandez said that although the company has recently developed new programs that will increase revenue in the future, "we won't see the benefits of our new programs for a few years."
The company has also made launched several new projects that have required large investments. As a result, Hernandez said, Pratt "continues to face significant near-term financial challenges."
Hernandez said Pratt has made a number of moves to reduce costs, of which the furloughs are one. Other changes including the implementation of labor reductions, voluntary separation programs, travel and hiring restrictions and layoffs.
This must be due to all of the "demand" in the market.
WASHINGTON (AP) -- Construction of new homes fell slightly in November, reflecting weakness in construction of single-family homes.
Builders started construction at a seasonally adjusted annual rate of 1.03 million homes and apartments last month, the Commerce Department reported Tuesday. That was a decline of 1.6 percent from October when construction activity had posted a 1.7 percent gain.
The weakness last month came from a 5.4 percent fall in construction of single-family homes, which offset a 6.7 percent rise in the more volatile apartment sector.
Applications for building permits were also down in November, falling 5.2 percent to a seasonally adjusted annual rate of 1.04 million. Analysts are still looking for housing to regain momentum in 2015, believing that strong increases in employment will help boost home sales.
Actively managed accounts and brokers for that matter rarely beat the market indices.
This is true, and has been borne out by endless amounts of historic investment data.
Question- How do you make a small fortune on Wall Street?
Answer- Start with a large fortune and trade it a lot.
Oh yes, except for you...you always make money and never pay taxes on it because its in a Roth. Give us all a break.
BTW- FTR isn't the only holding in the trust, and the trust isn't our only investment.
It is not market timing, it is buying low, selling high.
Otherwise known as, err.... market timing.
I have been honest about my position in FTR.
FTR hasn't always paid a dividend, but for forty-some of the last 50 years it has. Beeess also conveniently leaves out the splits because it weakens his thesis.
Now he will retort how his bloated and self-proclaimed brilliance has beaten the dividend 92 times over the last few years.
SeaWorld Entertainment Inc. has laid off 311 workers at its 11 parks and headquarters in Orlando, a company spokesman said Friday.
The layoffs come after the company announced Thursday that Jim Atchison, CEO and president since 2009, was stepping down as head of the company. Chairman David D'Alessandro will take over as interim CEO Jan. 15 and serve until a permanent replacement is found.
I saw this also prime, but the job cuts aren't in the U. S..
Things might just be getting bad all over.
So my dividends will buy me 10.73% more shares through reinvestment in three weeks?
Thanks for the Christmas gift beeess.
Layoffs are good for the economy and housing....said nobody ever.
Kellogg Co. might close two of its four U.S. cereal-making plants, but the company has not disclosed which two, according to published reports.
The possible shutdowns come after unionized workers last week rejected concessions in wages and benefits.
Management said the cutbacks were needed to counter a sharp decline in ready-to-eat cereal consumption, which has sharply eroded profits.
Kellogg, based in Battle Creek, Michigan, has had a cereal-making plant on State Road since 1978.
It employs about 350 hourly workers and 80 salaried employees, according to the company.
Besides Battle Creek and Lancaster, Kellogg also has U.S. cereal-making plants in Omaha, Nebraska, and Memphis, Tennessee.