Thursday, August 4, 2011

The Week from AxSA (08.04.2011)









Dateline: 04 August 2011

AxSA Factoid of the Week
A possible U.S. default on its obligations would have not only had consequences on interest rates; the situation could have spread into the financial markets, as well. As just one example, six of the country's largest banks - Bank of America, Citigroup, J.P. Morgan Chase, Goldman Sachs, Wells Fargo, and Morgan Stanley - hold one trillion dollars of the $1.6 trillion in U.S. Treasurys held by all commercial banks domestically. The downgrade of that debt - or, worse, a technical default on that debt - could have had materially adverse consequences for overall asset valuations at these banks, and that would likely have provoked a thumping of their stock prices, as investors lost confidence and sold off their stocks.

News & Commentary
Finance
Mississippi SBA Sets another Record for Loan Approvals
Mississippi Business Journal
With over $200 million in financing doled out in this fiscal year, the agency is showing a strong willingness to lend, particularly to underserved communities...Read More

Why Now Is the Time to Seek Investors
Wall Street Journal
The Small Business Jobs Act of 2010 created a special tax break for investors in C corps that ends this year...Read More

Business
This Summer, a Snowball Fight Heats Up in Louisiana
Wall Street Journal
A supplier of snowball syrups is fighting to control the names of some of the most iconic flavors...Read More

Birmingham
Jefferson County Prepares New Proposal in Search for Settlement in Sewer Debt Crisis
The Birmingham News
Leaders in Birmingham, AL, are working diligently on a debt dilemma that, if unresolved, could result in the largest municipal bankruptcy in the nation's history...Read More

Economics
Factories Slow Pace as Orders Contract
Wall Street Journal
The manufacturing index shows a near-end to expansion in the month of July...Read More

Rich Man, Poor Man
International Business Times
In the bustling metropolis of Hong Kong, the chasm between the haves and the have-nots is widening at an unbelievable rate...Read More

Health Bill to Approach 20 Percent of Spending by 2020
Reuters
The year 2014 will see the largest, one-year jump in spending, as the new law is implemented...Read More

Events
24 August 2011
New Orleans, Louisiana

11 August 2011
New Orleans, Louisiana
(Workshop instructed by Gary C. Harrell)

23 August 2011
Lake Arthur, Louisiana

Life & Leisure
RelocateAmerica's 14th annual "Top 100 Places to Live"
Check out what the survey has to say about Baton Rouge and Lafayette in Louisiana and Sugar Land in Texas.

Most Ticketed Car
Is yours on the list? Click here to see the presentation.

PourLiving.com Launch Party
PourLiving is launching its website and first deals this week, and the group will be celebrating its debut at the New Orleans restaurant Bouche.
When: Saturday August 6th from 8:00pm until
Where: 840 Tchoupitoulas Street, in the Warehouse District, New Orleans
For more information, click here, and to learn more about Bouche, click here.

One nation unemployed (click to enlarge)





1 comment:

Digger in LV said...

Dude, is this the closest we are going to come to more of your writings? I know you are busy and at least you started doing the podcast again. But you need to write some more. We are having withdrawals!

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