07/31/11. The Vatican sent out their representatives back to Ireland to discuss and to calm the Irish Pime Minister, Enda Kenny who recently blasted the Pope and the Vatican for not protecting his country's children from Catholic Priests who molested Irish children for decades. The Vatican down played the Irish courts who demanded the Catholic Church take serious the allegations of Priest's child abuse cases. More to come, stay tune.
07/30/11. The U.S. government/Treasury has about $75 billion dollars that is liquid. APPLE corporation has $76 billion dollars on hand. Who's the man! More to come, stay tune.
07/29/11. Customers, Savers and investors in Europe's Big Banks sold their shares even after the government's stress test/Audit reported that these banks were solvent. Europeans did not trust their government reports. European Banks dragged the Stoxx Europe 600 Index of European equities down to its lowest level this year. Buyer beware? More to come, stay tune.
07/28/11. Cisco Systems is planning to lay off 6,500 workers worldwide. That number represents about 9% of it's global workforce. The company wants to save $1 billion dollars in the next 12 months. May of 2011, Cisco Systems who makes networking equipment closed its Flip Video & Camera department cutting over 550 jobs. Also to cut costs the company will sell its plant in Mexico. The 5,000 workers at that plant will be keeping their jobs after the sale. More to come, stay tune.
07/27/11. Walmart will be opening a new store in Chicago. In the Chatam neighborhood. Walmart's store is an Express location. Smaller than a full scale retail Walmart store. Walmart Express will sell food, cloths, supplies, and not sell big ticket items like televisions and furniture. This store addresses FOOD DESERTS Chicago's African American population often experiences. The Chatam area is a neighborhood in Chicago. More to come, stay tune.
07/26/11. Ireland's Prime Minister, Enda Kenny accused the Vatican of attempting to downplay the sexual abuse of Irish children by Catholic clergy. More to come, stay tune.
07/25/11. Republicans and Democrats on Capital Hill will meet today with their respective political parties to discuss how each party can raise the country's United States DEBT CEILING. President Obama and Democrats want or needs another $2.5 trillion dollars to borrow. The Republicans want to give the 44th President the increase to Debt but with a plan to balance the budget with strategic tax cuts to increase job creation and revenue increase through American business expansion. More to come, stay tune.
07/24/11. Twitter again is seeking to raise capital/cash from private investors. In the past "YYYC" reported to you that Chase Bank had a secret fund to raise cash for Twitter. The agenda is to make/create a value for Twitter of about $7 billion dollars. In February 2011 when capital raising efforts were conducted, Twitter was worth/estimate value of about $4.5 billion dollars. Again this figure in from Twitter's hired accountants. Remember the old motto, "BUYER BEWARE". Due Diligence is always the road to seek before investing. More to come, stay tune. James Liceaga
07/23/11. China's in danger from a growing mountain of debt to their Chinese economy. Moody's claimed that China's first official audit of local government loans had underestimated their value by $540 billion dollars. China's total would actually be around $2.1 trillion dollars. More to come, stay tune.
07/22/11. The first quarter of 2011, India's economic growth rate slowed again to 7.8% from last years same quarter. India's Central Bank is concerned for the third quarter of 2011. Watching closely. More to come, stay tune.
07/21/11. NelNet formerly known as F.A.C.T.S. a company that electronicly bills College students monthly have been blocking college students from paying their college payments at the Colleges students attend. The College will refuse payment from the student at their business window/department. Partial payments are not taken at the tax payer funded colleges NelNet has a contract with. NelNet will then issue a fee to the student. Only then is when the student's college will accept a payment from the student. After NelNet charges a fee. Students must pay NelNet to stop the fee. What happen to the days when you can take your payment to the college and pay without any third party getting involved? Do you remember those days. Seems that NelNet and the Colleges involved love those extra fees put upon College students. More to come. Stay tune.
07/20/11. The European Central Bank lifted interest rates for the second time this year from 1.25% to 1.50%. More to come, stay tune.
07/19/11. China raised interest rates for the fifth time in eight months. Their Central Bank has put restrictions on borrowing/credit to curb inflation. China's one year lending rate and their deposit rates increased by a quarter of a percent. .25% to about 6.55%. China seems to be looking for foreign investment money. More to come, stay tune.
07/18/11. Sudan, Africa officially recognized and said goodby to South Sudan who gained Independence on July 9th, 2011. Decades of in fighting and killing among the Sudan people caused South Sudan to seek Independence. More to come, stay tune.
07/17/11. On August 2nd, 2011 $172 billion dollars of revenue will come in to the Federal Government. But $300 billion dollars will be owed that day by the Federal Government. You do the math. More to come, stay tune.
07/16/11. The current estimate is that 20 million men are out of work in the United States of America. More to come, stay tune.
07/15/11. Illinois Governor Quinn wants to raise your toll booth rates again. From .80 cents to $1.60 per toll. A 100% increase. This increase will be for cash payers but eventually toll booth pass holders will have to pay the increase. More to come, stay tune.
07/14/11. Latinos in the U.S. are 66% more likely to be stopped by Police and their vehicle searched compared to other minorities and whites living in the United States. More to come, stay tune.
07/13/11. Do you know what U-6 refers to? It is the government's title for Americans who work part time, out of work for over 26 weeks and folks not counted anymore. That Unemployment rate in the United States is 16.2% according to the government's U-6 figures . More to come, stay tune.
07/12/11. National average price for Regular Grade Gasoline in the United States is $3.62 per gallon. In Chicago, the average price of Regular Grade Gasoline is $4.03 per gallon. More to come, stay tune.
07/11/11. Washington officials are concerned about Social Security in the United States. The concern is with the high number of unemployed, Social Security is in big trouble. Soon the number of people unemployed will be the same as the number of people getting social security. More to come, stay tune.
07/10/11. The official Unemployment Rate in the United States is 9.2%. More to come, stay tune.
07/09/11. Former first lady, Betty Ford passed away at age 93. She was born in 1918. Married to the 38th President of America, President Ford. She created the Betty Ford Center to help women cope with their issues. Made the disease, Cancer a household word. Prior to Betty Ford most Americans did not speak of Cancer in public. She will be missed. More to come, stay tune.
07/08/11. Chinese prime minister, Wen Jiabao traveled to Hungary, Britain, and Germany to sign trade and investment deals valued in billions of euros to assist the euro zone countries in trouble.
07/07/11. In Britain, Teachers, Immigration Officers, Court Officials, all Public Sector Workers went on strike to protest changes in their pensions from their government. The British Government is trying to lower their public pension obligations. Britain is busted/broke. Tax payers are over taxed. No More Money! More to come, stay tune.
07/06/11. The City of Chicago is $700 million dollars in the red/deficit. Mayor Rahm Emanuel has inherited a huge deficit from the previous Mayor of Chicago. He is trying to plan a common sense fiscal policy. More to come, stay tune.
07/05/11. Latinos/Hispanics in the U.S.A. account for 51% of the Minority Population living in this great country. Mexicans account for about 35% of the Latino community living in the U.S.A. More to come, stay tune.
07/04/11. HAPPY 4th of July America! 235 YEARS Old.
07/03/11. YYYC will be adding a page for our radio show footage by Friday of this week. Stay tune.
07/02/11. Chicago's Mayor, Rahm Emanuel told reporters that the Chicago Teacher's Union will have to work together with the City on their budget deficit. Both the Chicago Teachers and the City of Chicago need to sit down together to come up with real solutions to fix there fiscal problems. More to come, stay tune.
07/01/11. Former Governor of Illinois, George Ryan did not attend his wife's funeral. He had to stay in prison while his children held a private wake and funeral for their mother LuraLynn Ryan. George Ryan is in prison for corruption. God Bless his entire family. Jim Liceaga
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