I expected Obama to be used but not to this level man !!!!! EM On the 49th
Thé Mulindwas Communication Group "With Yoweri Museveni and Dr. Kiiza Besigye Uganda is in anarchy" Kuungana Mulindwa Mawasiliano Kikundi "Pamoja na Yoweri Museveni na Dk. Kiiza Besigye Uganda ni katika machafuko" -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Mitayo Potosi Sent: Monday, October 29, 2012 11:43 AM To: The First Virtual Network for friends of Uganda Cc: [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected] Subject: {UAH} Re: [Ugnet] 13 AMERICAN CITIES GOING BROKE Ha Ha ha. Rotting America. Obama's friends, Robert Rubin, Larry Summers, Tim Geithner etc....... looted America. The ENRON looters were investigated by HW Bush who sent in over 1000 forensic accounting FBI officers, and the criminals were sent to prison. Ken Lay died in prison. The Wall Street thieves instead were sheltered in the White Hse. No FBI investigation. Nothing! While in the White House Summers insults Obama calling him"clueless". When Obama supporters demanded single-payer Health Care Rahm Emmanuel, White House Sposperson Robert Gibbs etc... insulted these supporters as "retarded", insane on drugs. They and all the Banks have used Obama like toilet paper and have abandoned him except only Wells Fargo. Obama is simply trash, a "Retard", as his White Hse calls others. ========================== On 10/29/12, Herrn Edward Mulindwa <[email protected]> wrote: > 13 American cities going broke > > Sun Oct 28, 2012 2:42AM > > Description: > http://previous.presstv.ir/photo/20121028/aht20121028024147527.jpg > > > > According to new a report by Moodys, it rated the debt of 30 cities, > towns, villages, counties, and school districts as speculative > grade, up from 25 last year. > > > > A speculative-grade rating for a local government means, at best, its > debt is risky and, at worst, it could end in default. 24/7 Wall St. > looked at 13 of the riskiest local governments that may be on the verge of bankruptcy. > > > > In an interview with 24/7 Wall St., Moodys Managing Director and > Chief Credit Officer of U.S. Public Finances, Anne Van Praagh, > explained that the number of cities, counties and towns that default > on some or all of their debt is growing. > > > > She attributes this to a significant amount of credit pressure, > sluggish economic recovery, and cities not being able to grow out of > their problems this time around. She added that many cities see > defaulting as the only way to avoid total economic disaster. > > > > Perhaps the best example of this is Stockton. Earlier this year, the > city of Stockton, California, defaulted on its debt and filed for > bankruptcy. For analysts at ratings agency Moodys, it marked a > growing trend in local governments. Cities, which have historically > been nearly flawless on their obligations, are opting to default on > their debt because of financial troubles. > > > > Different circumstances brought each government to this point. > However, a few underlying causes are shared. In some cases, > governments severely mismanaged their debt: they borrowed based on > unrealistic projections of expenses. In other cases, the economic > downturn hit particularly hard, weakening revenue. For some local > governments, it was a combination of factors. > > > > A weak economy with a fragile or shrinking tax base is one of the > worst problems a local government trying to balance its budget can > face. In Detroit, the population has fallen by roughly half in the > past 50 years, including a 25% drop in the past decade alone. > Unemployment is well into the double digits, and per capita income has > been steadily declining. All these factors make it extremely difficult > to continue raising revenue to service its debt. > > > > Moodys expects more local governments will be downgraded in the > future. In its report, the ratings agency explained, The credit > pressures will continue to exert themselves on virtually the entire > local government sector. For municipalities unable to adjust to the > new environment, downgrades into speculative grade are unavoidable > realities. Huffington Post > > > > FACTS & FIGURES > > > > > > High housing prices in large U.S. cities are decreasing income > mobility and ultimately hurting the U.S. economy, according to a new > study by Daniel Shoag, associate professor of Public Policy at > Harvard's Kennedy School, and his colleague Peter Ganong. > > > > Laborers are being priced out of larger cities like San Francisco, > where housing prices are high, and migrating to smaller cities like > Phoenix where housing prices are cheaper. This has created a two-tier society: > high-skill, > high-wage workers living in large, metropolitan cities and low-skill, > low-wage workers coalescing in economically depressed regions. This > phenomenon slows economic growth, Shoag argues, because one's total > income impacts national GDP. > > > > Since 1980 the rate of income convergence has been stagnant. The > average income of U.S. workers has remained flat for the past 30 years > and the migration of low-skilled workers across states has also slowed > significantly. The Daily Ticker > > > > > > Thé Mulindwas Communication Group "With Yoweri Museveni and > Dr. Kiiza Besigye Uganda is in anarchy" > Kuungana Mulindwa Mawasiliano Kikundi "Pamoja na Yoweri > Museveni na Dk. Kiiza Besigye Uganda ni katika machafuko" > > > > -- ----- No virus found in this message. Checked by AVG - www.avg.com Version: 2012.0.2221 / Virus Database: 2441/5361 - Release Date: 10/29/12 _______________________________________________ Ugandanet mailing list [email protected] http://kym.net/mailman/listinfo/ugandanet UGANDANET is generously hosted by INFOCOM http://www.infocom.co.ug/ All Archives can be found at http://www.mail-archive.com/[email protected]/ The above comments and data are owned by whoever posted them (including attachments if any). 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