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Dubai Sukuk Wins Investor Confidence as Debt Accord Nears: Islamic Finance

Islamic bonds in Dubai are set to extend this year’s rally as Dubai World predicted it will complete debt restructuring in the “coming months,” said Unicorn Investment Bank BSC and Emirates NBD Asset Management.

Daniel J. Mitchell – USA: Drowning In Debt?

Question: Are you aware that Chevrolet who asked American’s to bail them, out of debt just moved…?

…their customer service to Manila?
With in the last two weeks they have set up shop in Manila. I was working with a person in North America when suddenly I have a new person in Manila. They first told me they were based out of Detroit and I said that is not a Detroit accent, they finally admitted they were in Manila. How many people lost their jobs with this move? Has anyone heard about it anywhere? Did the American tax money finance the move?

Answer: Unfortunately it costs much, much less to hire people in poor countries than in the USA. There is no way we can compete in this area. People in the Philippines are happy to work for a fraction of US salaries. That’s an unavoidable fact.

Look at it this way– the money they save they can use for better purposes, like hiring more engineers, so their cars are not so crappy.

We should focus on those jobs that we can do better, like engineering, rather than try to preserve jobs that have very little value-added and can be done just as well elsewhere.

Alabama state website will offer investor insight

The Alabama Securities Commission (ASC), as a member of the North American Securities Administrators Association (NASAA), announced the launch of an expansion to the Investment Adviser Public Disclosure (IAPD) website that will allow Alabamians to electronically access information about individuals who work for money management, financial planning and other investment advisory firms.

Public Service Announcement! New Word Order Ahead!

DEEPCASTER LLC

Since 1995, news.GoldSeek.com publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information!

11/9/09 Ron Paul: Healthcare Reform is Economic Malpractice

Question: why do people around the world protest against free trade?

why do people around the world protest against free trade? they say it will increase their trade deficits, and make their companies and industries less competitive. I don’t quite understand this because while America has some good products, generally America products are terrible. Our food is bad, our cars are bad, we hardly make clothes or cosmetics (compared to europe), do we even export agricultural products? even with a weak dollar our exports are low and our economic growth is slowing. it seems like our main export is financial services, although with so many financial consultants, America is still in so much debt. I think the free trade is bad only for America, I don’t see why others are afraid of it.

Answer: It’s bizarre, isn’t it, HM!

I understand why some people might protest, from self-interest. For instance, if you’re in the shoe industry, you might resent that Brazilian shoes of higher quality than American products are sold for much lower prices. But you don’t have to be an Adam Smith to understand that for America generally, it’s better for us to buy the Brazilian shoes and let them spend the dollars buying American technology products. Both sides benefit, although admittedly some special interests may face short term pain.

What mystifies me is when lefties and those claiming to speak in the name of the overseas poor try to argue that free trade and “globalization” are bad from the point of view of the poor.

Suppose you’re a cocoa farmer in west Africa. Wouldn’t it be wonderful if you could sell your products in the American market without having to pay the import taxes that we levy to block you from selling here!

So, free trade is introduced, allowing cocoa farmers to sell their products here without these taxes. I can see why an American cocoa farmer might complain. But why in heaven’s name would lefties argue that free trade is bad from the African farmer’s point of view. How is it “imperialism” to give them access to our market? How is it “exploitation”? Why is it better for the African to be denied the chance to sell his products except at cutthroat prices in a tiny domestic market?

I agree with you, and I too am completely mystified at the irrational claims of the left.

Leo W. Gerard: Q&A with Veteran Labor Organizer Stewart J. Acuff

Leo W. Gerard: Stewart, you talk about power in a book you’ve written with economist Dr. Richard A. Levins. You called the manual, “Getting…

Primerica Financial Services Cahoun, GA

Oshkosh Defense Announces New Delivery Orders for Heavy-Duty Army Vehicles

OSHKOSH, Wis.–Oshkosh Corporation announced today its Defense division has received two delivery orders from the U.S. Army TACOM Life Cycle Management Command (LCMC) for the U.S. Army’s Family of Heavy Tactical Vehicles (FHTV). The two delivery orders are valued at roughly $600 million and extend production for nearly 1,900 new and recapitalized severe-duty Heavy Expanded Mobility Tactical …

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