Tuesday, November 08, 2011

@AllAmerInvest Italy Doink, Bonus Bucks, Vets March, Bank Transfers Big, Washington Gluttony, Digital Start Ups


Italian Borrowing Costs Rise Again

Italian borrowing costs continued to soar Tuesday ahead of a key parliamentary vote which will decide the future of Prime Minister Silvio Berlusconi's conservative government.

The 10-year Italian government bond hit a new record high of 6.66%, up 0.08 percentage point in early trade, while the five-year bond touched 6.7%, up 0.09 percentage point.
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Key Berlusconi Ally Removes Support
Umberto Bossi, a key ally of Italian Prime Minister Silvio Berlusconi, Tuesday said he asked the premier to step aside and supported Angelino Alfano as his possible successor.

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Bank Transfer Day Pumps Up Missouri Credit Unions With $49 Million
Since the effort began six weeks ago, the 131 credit unions in Missouri added 7,100 new members, who transferred $49 million into the credit unions, said Missouri Credit Union Association President and CEO Mike Beall. Bank Transfer Day was Saturday.
“In just a couple of weeks, that’s a half percent growth in number of members and total assets,” Beall said.  “That’s pretty significant growth in just a six-week period.”

Small Business Optimism Index increases slightly in October
NFIB’s Small-Business Optimism Index gained 1.3 points, nudging the Index up to 90.2. This is below the year-to-date average of 91.1, only slightly better than the average since January 2009 of 89.1.

Washington's Gluttony Continues
In the spring fight to avert a government shutdown, Republicans promised $100 billion in real cuts but then compromised for $38.5 billion in future savings. In reality, the Congressional Budget Office found the deal still resulted in an increase of more than $170 billion in federal spending from 2010 to 2011. The “largest spending cut in history” ended up being a spending increase.

American Express Launches $100M Fund To Invest In Digital Commerce Startups

Veterans March For Occupy Wall Street — And It's Like Nothing You've Ever Seen Before
There is no perfect way to describe what it looked like, we can only say that their demonstration was serious and somber unlike any other.




Original content Bob DeMarco, All American Investor