Current economic news & events

I cannot comprehend how this can possibly make any sense.

Twitter's CEO is to advice the White House on the economy.

http://www.businessinsider.com/uh-oh...twitter-2009-3

When I think of good roles models from the technology sector, I think of Sergei Bryn and Larry Page who founded Google. Even Steve Ballmer would be a good choice.

Because in spite of all the criticism, they are running profitable companies.

The problem is that Twitter is not profitable.

http://www.newsobserver.com/business/story/1407445.html

The condition of the U.S financial system hangs about decisive, but signs of bottoming are commencement to come out here and there. Tough good new orders, as an instance, fell less than anticipated in March by 0.8 percent against February’s go up of 2.1 percent. Turns down were wide based, autos and metals are in red, but non-defense capital good orders rose 1.5 percent on the top of February’s gain of 4.3 percent. Gossips that some U.S. banks are under tight scrutiny are remanding us that the conclusion of the monetary crisis is still in movement. Though, the complexity for the USD to smash above key confrontation levels might be the authentication that markets are previously expecting a stabilization of the financial progression. The real estate market could guide the financial bounce back, but inventories should reject from present high levels previous to the market will significantly pick and choose up from the bottom.