Today's Tomás Estrada-Palma Message

I am the great grandson of Don Tomás Estrada-Palma, the first elected President of Cuba (1902-1906). "Where I am different from most people in the group is I know I am a slave but I think freely while the group thinks they are free while being enslaved..." - Tomas Estrada-Palma, IV -

Monday, January 21, 2008

That's B Billions

"Is this the quarter when banks finally admit all of their problems?

On Jan. 15, Citigroup (C, news, msgs) announced it would take an $18.1 billion write-down on its portfolio of subprime mortgages and other risky debt, and the bank cut its dividend 41%."

Read it and weep

posted by Tomás Estrada-Palma at 12:49 PM

2 Comments:

Blogger bookster said...

Quien cono me robo mi 401k? Read More

4:40 PM  
Blogger Tomás Estrada-Palma said...

No se...

4:47 PM  

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    About Me

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    Name: Tomás Estrada-Palma
    Location: Annapolis, MD, United States

    Let entrepreneurs into Cuba, keep the tax low and watch the economic explosion happen. Whenever there are more jobs than workers the wages and benefits are driven upward. That's because entrepreneurs compete for a limited supply of workers. Those who lose the competition will not be as successful because they can't grow without more laborers. Finally, the first modern society on the planet will be populated by people who are neither slaves to the pharaohs of industry nor government. Cuban workers will have the best job security in the world!

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