By Moran Zhang – It is debt-ceiling time again. On Saturday, suspension on the U.S. borrowing limit will be lifted and the Department of the Treasury will have to begin to employ extraordinary measures to stay under the cap.
Read more: http://tinyurl.com/mgpwe9m
Markit just released the preliminary results of its October Purchasing Manager Index survey, which showed a significant slowdown in the pace of expansion in American manufacturing this month.
Read more: http://tinyurl.com/no3kfmp
We have been very busy this past week with a number of behind the scenes internet activity as we prepare for our major announcement. WordPress 3.7 will soon be available to users around the world and we are anticipating its partial automation of updates which will simplify our ongoing efforts.
Wednesday, the world witnessed a near catastrophe as the debt ceiling level debate in Washington D.C. went right down to the wire. I will not go into details here because it has been very extensively covered around the world.
In double entry accounting, one person’s income is another expense. An example of this is rent payments are considered an expense to a tenant but income to a landlord. With that in mind, Washington’s tarnished image as of October 16th will now serve as the key “trigger event” that Karl and I have been looking for a very long time. This will take us to the next level which will occur before the end of this month.
As a result of our imminent breakthrough, we are nervously anticipating the onslaught. Watch for the fireworks on this site and you will fully understand exactly what we have been up to!!
IMAGINE you are in a taxi and the driver suddenly turns violently and speeds towards a wall, tyres screeching, only to stop at the very last moment, inches from the bricks—and cheerfully informs you that he wants to do the same to you in three months time. Would you be grateful that he has not killed you? Or would you wonder why you chose his cab in the first place?
Read more: http://tinyurl.com/m4nlzhr
SEEN from afar, the behaviour of America’s government over the past month or so has been decidedly odd. Finance ministers visiting the IMF and the World Bank on October 11th, some of them from countries America has helped rescue in the past, seemed bemused by what was going on in Washington. China’s government, which holds the idea that countries ought not to intervene in each others’ affairs to be self-evident, criticised America repeatedly for failing to raise the debt ceiling, the legal limit on government borrowing, in a timely manner.
Read more: http://tinyurl.com/lw35na6
In major cities across America, commercial real estate is seeing a rebirth. After crashing hard during the recent recession, sales and development are soaring again, and financing is finally following through.
Read more: http://www.cnbc.com/id/101113551
A new Wall Street Journal/NBC poll shows that 44% of Americans don’t believe that Congress should raise the debt ceiling — a troubling sign that suggests a large chunk of Americans don’t understand the consequences that would come from that decision.
Read more: http://tinyurl.com/oy3u7up