Word: month
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...What might have derailed the good feeling about a big recovery in the economy was the announcement of retail sales for last month. They were well down compared to last year, but, in Wall St.'s special language "not as bad as expected...
...finance ministers, along with central-bank governors, are meeting this weekend near London to prepare for next month's summit and smooth out their differences. The summit will mark Obama's first visit to Europe since becoming President, and he will take with him a huge aura of expectation. But if leaders cannot agree on a common approach to fighting the crisis, their meeting could be nothing more than a glorified photo opportunity...
Late last month, two Senators and three Congressmen sent a two-page, single-spaced letter with 10 questions to the IRS asking for direction in resolving a series of important questions regarding Madoff and Ponzis, such as whether there will be special extensions for victims. The letter also suggested setting up a special "Madoff unit" to process claims. (Read more about Ponzi schemes...
...keep an eye out for a couple of performances on the national scene: sophomore diver Zac Ranta will compete at the NCAA Zone A Diving Championships, where he hopes to earn a berth to NCAAs at the end of the month, and senior Becky Christensen is one of 17 high jumpers in the field at the NCAA Indoor Track and Field Championships tonight in Texas...
Could marijuana be the answer to the economic misery facing California? Democratic state assemblyman Tom Ammiano thinks so. Ammiano introduced legislation last month that would legalize pot and allow the state to regulate and tax its sale - a move that could mean billions of dollars for the cash-strapped state. Pot is, after all, California's biggest cash crop, responsible for $14 billion a year in sales, dwarfing the state's second largest agricultural commodity - milk and cream - which brings in $7.3 billion a year, according to the most recent USDA statistics. The state's tax collectors estimate the bill...