Stocks fell across the board today, this is not taking long heading into this holiday weekend. Especially not with the uncertainty in syria. One of the worst months for stock since last may. Utilities and financials led the market lower. The dow lost four and. 5 , the s p 500 lost over 3 . Still the market up easily double digits so far this year so lets get to our panel i will nevever mess that up aga. And this one, our friend. Guys, lets talk a little bit about this month, the worst month since may of last year. Although i never sensed any panic, that is the odd thing about it. It is the summer, it is august. We have had a lot of external shock. Syria being one of them. Charles we were already week before this happened. We were, but it added fuel to the fire. Charles that fire was the federal reserve. Probably more than anything else. You are right about it all day long. It seems like that is the darkest cloud over the market right now. I think i like miley cyrus more than i like ben
Ourselves and using taxpayer dollars. Thats my question. Charles a little more upset. Their work fulltime for the union. Even though theyre being paid by the irs. What does it take to get a bonus . You know, you get a bonus because you gabove and beyond your job and do something extraordinary. Heres my question, to the audit more people,ind me loopholes or did they just when the limbo contest . What do you have to do . Its a great point because in finance you can quantify exactly what someone does to get a bonus. How much more money made on the money you were given. What to do with these guys . You collected this much more . Acting chairman saying this is not a reflection of a Quality Performance of the work done by you or your colleagues but a unfortate byproduct of the budgetary situation. What you mean is not a reflection of the quality of the work . Thats when a bonuses. Suppose to exactly reflect the quality of the wk you did and did not to. Why in the world would not be in respon
What is left of detroit. Pension fund, union and debtholds scrambling for their cut after the city declared itself bankrupt. But what is haening in detroit may not stay there. It could have big implications for the rest of us. With us now from the frontline rategy company and with yard advisors. Am going to start th you, this is onof the most talked about bankruptcies before it even happens and certainly the largest that happened not too long ago. At do you make of this . It is a tale of two cities if you dont mind me. Stockton was a perfect storm of a very intense time of overspending, overpromising and under deloping where troit is a systematic breakdown what would have been progressive polici in the socialgenda t. I grewp south of detroit in ohio, went to the city on a regular basis. It was a magnificent place. To see it deteriorater you have a a huge pension obligatio, the fact the tax base has left metropolitanarea, buildg up over the last 15 to 20ears, it is the perfect storm. Ge
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The president s lost appeal to the leaders gathered in st. Petersburg is the stuff of history. But much of the story is told in the contrast between two leaders. Russian president putin is animated and expansive in his concluding remarks, and the president s innovative stammering efforts to rationalize and express his disappointment and his loss on syria. But putin had already closed the deal and prevailed the victor, and the victor and the defeated, the winner and the loser, the contrast overwhelming. We will be taking up these issues here tonight with Armed Services and Judiciary Committee member congressman randy forbes. The Virginia Republican says he has no intention of voting to authorize the use of force against syria. We will discuss his reasons of the likely vote in congress. Bestselling author and syndicated columnist ann coulter also joins me. She says mitt romney might not have been right about much, but he was dead on in regard to russia. We will hear her thoughts and why