Less normally. Lets start there, jim, in terms of the market overall. I have a lot of insight this morning to share on the credit markets where i tend to be focused of late. Like to come to you. When you see a rally, the likes of which we may at the open this morning, what are you thinking what i think about when i see this, the market got oversold, people last night went home thinking theres no possibility of any sort of deal. Without a deal all you have is the fed making sure theres liquidity but nothing in the hands of the people. If you dont get money in the hands of people, people will look at the landscape and say its really just falling apart something has to get done. Now theres an expectation that something will get done. If we dont get something done today with the senate, youll give up this whole rally youre banking on the politics getting together for something, otherwise this rally will be comical and you will wish you never bought in. Well be able to offer hopefully peopl
Seriously considered. Senator mccain has already referenced them. One is i think we have to take a hard look at overhead. The army but not just the army but the military across the board, all of the services to include department of defense are very very Large Organization with a big bureaucracy with a significant overhead. A second is acquisition. As already previously mentioned, theres a considerable amount of cost and in many cases waste in the acquisition process. We need to get that under control. And the third and final piece that i think is worth taking a look at theres a wide variety of emerging technologies that could in the outyears could lend itself to automated processes and reducing either manpower or manpower costs, compensation cost over time. Thats three big areas that would want to lock at if confirmed. We have russia creating a looming threat in europe, we have the pacific and chinas expansion or i should say increased activity there. We have the ongoing war in the mi
It compounds month after month. That is only to people who are getting unemployment or are unemployed. Many are the heads of household. The implication of this part of the crisis affected many tens of millions of americans well into the 50 and 60 million. 27 million americans directly affected, so the Ripple Effect into 50 or 60 million americans just from employment. Housing prices collapsed back into thousand one levels relatively quickly. Historic foreclosures were out of control, millions and millions of foreclosures. Small businesses were crushed. As Economic Activity plummeted one of the frontline organizations started going bankrupt at historic rates due to the complete lapse of Economic Activity. Underwater homes, the silent crisis, when over 30 . The mortgages were much higher than the value that the homes could be sold for in the markets as prices collapsed. Even through today, there are still waiting money way too many underwater homes. There are tens of millions of american
Displaying good faith, honoring commitments, and adopting the right approach, then diplomacy can prevail over violence, suffering, and oppression. This will provide a Solid Foundation for further and more effective diplomatic interactions. Before i conclude, let me thank those ambassadors who supported the jcpoa and also those countries who helped this deal happen. Let me respond to some baseless accusations by some members, some previous speakers. It is ironic that the distinguished ambassador of United States accused of my country of harboring a hostage. Reckless acts of the United States in our region for so many years are at the root of so many challenges we are now facing in our neighborhood. Iran is a stable country in an unstable region. We want our stability to persist. We do promote a stability in the region and we help our neighbors to stabilize and cooperate towards that. In conclusion, let me also inform you that my delegation upon instruction from a government is forwardin
With eurozone partners. Apple shares poise for a new alltime high. Vehicle integration, watch demand, and lengthy profile on johnny ive in the new Yorkernew Yorker magazine magazine. Starwood, what it means for the companys future. A shortened trading week with the dow above 18000, s p off the record closing high. Futures lower after talks between greece and eurozone finance ministers did collapse. Head of the Ministers Group says greece has until friday to request an extension of the bailout ten days or so jim, until the credit line does go blank. It does feel a lot like the United States and the brinkmanship and we knew there wasnt going to be a deal until after. What i expect will happen the talks will collapse until not the day but a few days after, because theres money found. Remember that . We found a little money . I think the talks are about whos going to blink. I still feel theres going to be a stretchout of debt but you have to hear there were talks, on friday and thursday, w