You Can’t Stimulate Optimism
What are you using your stimulus money for?
Eight in 10 Americans believe that the government’s $110 billion effort to help consumers will not boost the economy, according to a poll released Friday.
A CNN/Opinion Research Corp. poll conducted April 28-30 found that 82% of Americans believe the stimulus package will fall short - compared to 70% in February.
Me? I am getting some much needed dental work done, for myself and the kids. I got my stimulus money today, and our appointments aren’t for nearly three weeks, but I bet I still spend mine faster than you do.
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WaMu Has Issues To Deal With
You know there is a problem in management that outweighs the whole subprime mortgage fiasco when you go from an $0.86 per share profit to a $1.40 per share loss in one year.
Washington Mutual Inc (WM.N), the largest U.S. savings and loan, posted a $1.14 billion first-quarter loss on Tuesday, hurt by mounting credit losses as more mortgage borrowers fall behind on payments.
The Seattle-based thrift also unexpectedly announced the resignation of Mary Pugh, a director who chaired its finance committee. Several shareholder advisory services had called on shareholders to withhold votes from one or more directors, including Pugh and James Stever. The latter leads the human resources committee, which sets executive compensation.
WaMu, as the thrift is known, said the quarterly loss equaled $1.40 per share, and compared with a year-earlier profit of $784 million, or 86 cents.
I am surprised more board members didn’t get squeezed out before this. Of course, it’s all good because WaMu just got that nice infusion of cash, remember? Adding $7 billion from investors should help them steady the ship, shouldn’t it?
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Microsoft Offers Free Software
Haven’t the people of Louisiana suffered enough?
Microsoft Corp. is working with state officials in Louisiana to offer Windows and Office software free for a year to small businesses still feeling the effects of Hurricanes Katrina and Rita.
Microsoft on Monday unveiled a new program, called the Software License Relief Program, in conjunction with the 2007 Hope & Recovery Summit, which is commemorating the second anniversary of both storms. Microsoft is working with the Louisiana Small Business Development Center (LSBDC) to offer the program, which will launch next month and gives eligible small businesses access to software from Microsoft, including Windows and Office, free of charge for a year.
All kidding aside, it’s nice of Microsoft to offer the relief program for those businesses that qualify.