| How to ride the market rollercoaster
City analysts are deeply divided about where the markets are going next. Some predict this is the start of a new bear market, warning that last week’s emergency US rate cut has come too late to stave off a recession in the world’s biggest economy. UK and European shares typically fall by 33% during American recessions, investment bank Morgan Stanley said. If history is repeated, the Footsie could drop to 4,500. Others think this is one of the best buying opportunities for 30 years, especially if there are further aggressive rate cuts on both sides of the Atlantic. The Fed could cut rates by a further half a percentage point next week, with the Bank of England following with a quarter-point cut a week later. Ian Jones at Lehman Brothers, an investment bank, said: "With the notable exception of the last bear cycle in 2001, stocks have bottomed an average eight months after the onset of recession.
Commerce Center rising at GM site
The Chesapeake Commerce Center, planned as a vast industrial park, is taking shape on the site of General Motors' now demolished auto plant on Baltimore's eastern fringe. The first two warehouse buildings are nearing completion this week, with the first - and so far only - tenant preparing to move in and bring 200 jobs.
Though industrial leasing has slowed in the region, owner Duke Realty Corp. says it still plans to build 2.8 million square feet of warehouse, distribution and office space in 16 buildings on 185 acres at Holabird Avenue and Broening Highway, a site that's served by a rail line and is within sight of cranes at the Seagirt and Dundalk marine terminals at the port of Baltimore.
But Duke said it's unable to project whether the park's completion in five to seven years will bring the more than 3,000 jobs - many of them expected to be port-related - projected by state officials when Duke bought the site two years ago.
After narrow loss, Romney vows to carry on campaign to Super Tuesday
He also made use of one of Romney's campaign tactics, running negative radio and Internet ads against his rival and fielding calls that accused Romney of favoring taxpayer-funded abortion. McCain also claimed Romney supported a timetable for withdrawing U.S. troops from Iraq. Romney had not. From Florida, Romney was headed to the Ronald Reagan Presidential Library in Simi Valley, Calif., for a debate Wednesday night. He also planned two days of politicking in the state and a series of fundraisers from Beverly Hills to Sacramento. He was stopping in Salt Lake City on Saturday to attend the funeral of Gordon B. Hinckley, president of The Church of Jesus Christ of Latter-day Saints, who died Sunday. Romney is trying to become the first Mormon elected president. After that, the schedule most likely will include stops in Colorado, Georgia and other states before concluding on Tuesday in Massachusetts, one of the Feb.
Batista The Rumble "Ironman", Off-Air PPV New, More
According to reports from inside Madison Square Garden, last night the company ran two music videos on the screens in the building. One was video highlights of last years WrestleMania 23 (footage that included Bobby Lashley) and another was a tribute video to Ric Flair.
- As we have been reporting, WWE had a heavy presents in New York City over the weekend. Beth Phoenix and Brian Kendrick did an autograph signing yesterday morning which drew close to 350 people according to Mike Johnson. The final AXXESS event was an appearance by Ric Flair which drew 600-800 people. Advertisement: *SPOILER* The Big Show Arrives Backstage At RAW In Philly! View His NEW LOOK >> .
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McCain's Cheap Dates?
OK, let's concede there are some unpleasant, unskilled jobs that need doing. How to get them done? 1) One solution is to raise the pay until enough Americans--including teens and college-age kids--and legal immigrants are willing to take the jobs. If the wage gets so high that machines can do the job more efficiently, then unskilled workers will gradually be replaced by robots. (Maybe Rove could tolerate having his son run a computerized robotic tomato picker.) 2) We could in effect draft Americans to do these lousy jobs. It would be a duty of citizenship, like serving on juries. I have a vague memory of Michael Walzer suggesting something along these lines in Spheres of Justice; 3) A third solution would be to import foreigners to work the lousy jobs, but offer them a deal in which, if they work for x number of years, they could gain equal citizenship.
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