Ok, I know this post will probably get a little bashin' by pessimists, but a little good news never hurt anybody, right.
Time for a little positive stuff to be spread. (Article below)
And , oh yeah-WE HAVE A NEW PUPPY! (highly recommended for boosting those love endorphins in the family) Kids are estatic, cheap entertainment, and the other doggy in our fam thinks she has the best play toy ever. Plus, we have gone for walks for hours every day spreading the "puppy love" to the neighborhood, everybody smiles and comes over when they see her.Nothing like a bouncy puppy to make you forget your troubles for a few minutes!
June 2, 2009: High Points In The U.S. Economy
June 2, 2009 1:42 p.m. EST
Mitchell Jaworski - AHN Reporter
Washington, D.C. (AHN) - Positive developments across a broad range of the economy were made known Tuesday as banks reported successful stock offerings and the housing market produced its most active month in many years.
Several banks, including JP Morgan, Bank of America and Morgan Stanley have raised more than $19 billion recently in an effort to fund the repayment of TARP money.
The move shows Washington that the banks are capable of functioning without government support as investors have been willing to eat up secondary stock offerings with sentiment for the financial sector improving.
JP Morgan has raised $5 billion in funds while Morgan Stanley has sold $2.2 billion in additional stock. American Express had raised $500 million thus far.
Goldman Sachs took a different approach and sold its stake in the Commercial Bank of China for $1.9 billion.
Bank of America has been the most active $7 billion over the past week for a total of nearly $33 billion in fresh capital attained since the early May release of the government's "stress test" results.
Elsewhere, the U.S. housing market continues to show signs of improvement. The National Association of Realtors reported a 6.7 percent increase in April existing home sales.
The result blew-out economist estimates for a modest 0.5 percent increase and marks the largest one-month increase in roughly eight years.
As for the automotive sector, General Motors is taking another positive step as reports have stated the automaker has struck a deal with Sichuan Tengzhong Heavy Industrial Co. of China for the sale of its Hummer brand.
GM has also announced that it has 16 potential buyers for its Saturn brand and three possible suitors for its ailing Saab brand.
Time for a little positive stuff to be spread. (Article below)
And , oh yeah-WE HAVE A NEW PUPPY! (highly recommended for boosting those love endorphins in the family) Kids are estatic, cheap entertainment, and the other doggy in our fam thinks she has the best play toy ever. Plus, we have gone for walks for hours every day spreading the "puppy love" to the neighborhood, everybody smiles and comes over when they see her.Nothing like a bouncy puppy to make you forget your troubles for a few minutes!
June 2, 2009: High Points In The U.S. Economy
June 2, 2009 1:42 p.m. EST
Mitchell Jaworski - AHN Reporter
Washington, D.C. (AHN) - Positive developments across a broad range of the economy were made known Tuesday as banks reported successful stock offerings and the housing market produced its most active month in many years.
Several banks, including JP Morgan, Bank of America and Morgan Stanley have raised more than $19 billion recently in an effort to fund the repayment of TARP money.
The move shows Washington that the banks are capable of functioning without government support as investors have been willing to eat up secondary stock offerings with sentiment for the financial sector improving.
JP Morgan has raised $5 billion in funds while Morgan Stanley has sold $2.2 billion in additional stock. American Express had raised $500 million thus far.
Goldman Sachs took a different approach and sold its stake in the Commercial Bank of China for $1.9 billion.
Bank of America has been the most active $7 billion over the past week for a total of nearly $33 billion in fresh capital attained since the early May release of the government's "stress test" results.
Elsewhere, the U.S. housing market continues to show signs of improvement. The National Association of Realtors reported a 6.7 percent increase in April existing home sales.
The result blew-out economist estimates for a modest 0.5 percent increase and marks the largest one-month increase in roughly eight years.
As for the automotive sector, General Motors is taking another positive step as reports have stated the automaker has struck a deal with Sichuan Tengzhong Heavy Industrial Co. of China for the sale of its Hummer brand.
GM has also announced that it has 16 potential buyers for its Saturn brand and three possible suitors for its ailing Saab brand.
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