An Unexpected Parade of Events

by Datechguy | November 8th, 2012

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An Unexpected Parade of Events

The first event this week for me that was unex­pected was Mitt Romney’s defeat, the sec­ond was Ques­tion #2’s defeat

And then once Barack Obama was safely re-​elected a lot of unex­pected things sud­denly started happening:

At Nex­tel:

NII Hold­ings, which oper­ates mobile ser­vices under the Nex­tel brand in Latin Amer­ica, announced that it is tak­ing actions to realign cer­tain resources and roles between its head­quar­ters and mar­ket units in order to cre­ate a stronger and more agile orga­ni­za­tion, and to facil­i­tate future growth. As part of this strat­egy, the com­pany is reas­sign­ing select posi­tions located at its head­quar­ters to its oper­a­tions in Latin Amer­ica and elim­i­nat­ing cer­tain posi­tions at its cor­po­rate head­quar­ters in Vir­ginia (US). In total, the com­pany will reduce its work­force at its head­quar­ters by 20 percent.

At the State Depart­ment:

An eco­nomic ana­lyst invited by the State Depart­ment to brief a group of for­eign jour­nal­ists on the U.S. econ­omy on Elec­tion Day responded to a ques­tion from a reporter from the Egypt­ian news­pa­per Al Wafd by pre­dict­ing that U.S. Trea­sury secu­ri­ties — the means by which the U.S. gov­ern­ment finances its debt – will be down­graded again.

Car­bon Taxes? On the Table

Barack Obama may con­sider intro­duc­ing a tax on car­bon emis­sions to help cut the U.S. bud­get deficit after win­ning a sec­ond term as pres­i­dent, accord­ing to HSBC Hold­ings Plc.

A tax start­ing at $20 a met­ric ton of car­bon diox­ide equiv­a­lent and ris­ing at about 6 per­cent a year could raise $154 bil­lion by 2021, Nick Robins, an ana­lyst at the bank in Lon­don, said today in an e-​mailed research note, cit­ing Con­gres­sional Research Ser­vice esti­mates. “Applied to the Con­gres­sional Bud­get Office’s 2012 base­line, this would halve the fis­cal deficit by 2022,” Robins said…

Small Arms Treaty? , Why Soitenly!

The U.S. Mis­sion to the United Nations helped move a con­tro­ver­sial arms trade treaty on Wednes­day, less than 24 hours after Pres­i­dent Obama won reelection.

The Obama admin­is­tra­tion was widely blamed by treaty advo­cates for derail­ing the effort back in July when it asked for more time amid grow­ing oppo­si­tion from Repub­li­cans and pro-​gun-​rights Democ­rats who are wor­ried the treaty would affect the sale of civil­ian weapons in the United States. Fifty sen­a­tors — includ­ing eight Democ­rats — signed on to a let­ter at the time sig­nal­ing their oppo­si­tion to the treaty.

The U.S. Mis­sion said the tim­ing of the vote had noth­ing to do with the elec­tion. They said it was ini­tially sched­uled for last week but was delayed because of Hur­ri­cane Sandy.

Sud­denly Boe­ing has Lay­offs

Boe­ing announced a major restruc­tur­ing of its defense divi­sion on Wednes­day that will cut 30 per­cent of man­age­ment jobs from 2010 lev­els, close facil­i­ties in Cal­i­for­nia and con­sol­i­date sev­eral busi­ness units to cut costs.

And Vesta in Col­orado?

The Dan­ish wind tur­bine man­u­fac­turer Ves­tas says it plans to cut its global work­force by another 3,000 by the end of next year.

and the Fema offices in Staten Island,

Looks as if FEMA is just a fair– weather friend.

Yesterday’s nor’easter proved too much for the Fed­eral Emer­gency Man­age­ment Agency’s aid loca­tion in Tot­tenville, SI — which hung a sign read­ing “Closed due to weather” as the win­tery storm blew into town.

Ten FEMA cen­ters in the area report­edly sus­pended oper­a­tions because of the storm, although the loca­tion with the sign at the Mount Loretto Com­mu­nity Cen­ter did open at noon.

Hey the Pres­i­dent has been re-​elected, Mis­sion accom­plished so all that stuff peo­ple have held back on, in the media, in the gov­ern­ment, and every­where else.

And BTW a reminder that you will be hear­ing from me a lot

Unex­pect­edly.

Update: More Unex­pected news:

As the finan­cial world puts Tuesday’s pres­i­den­tial elec­tion behind it, the light in the tun­nel could be an eco­nomic freight train.

and lay­offs

A Las Vegas busi­ness owner with 114 employ­ees fired 22 work­ers today, appar­ently as a direct result of Pres­i­dent Obama’s re-​election.

David” (he asked to remain anony­mous for obvi­ous rea­sons) told Host Kevin Wall on 100.5 KXNT that “elec­tions have con­se­quences” and that “at the end of the day, I need to survive.”

And not Unex­pect­edly they’re not alone.

Update 2: Insta­lanche, thanks Glenn, and the unex­pected parade con­tin­ues:

The world’s biggest ham­burger chain said Thurs­day that a key sales fig­ure fell for the first time in nearly a decade in Octo­ber, as it faced the dou­ble whammy of a chal­leng­ing econ­omy abroad and inten­si­fy­ing com­pe­ti­tion at home.

and in the stock mar­ket:

The two-​day slump came in the wake of Obama’s re-​election to a sec­ond term as investors turned their focus back to Europe’s prob­lems and the so-​called fis­cal cliff, a pack­age of tax increases and gov­ern­ment spend­ing cuts in the U.S. that will occur unless Con­gress acts by Jan. 1. Investors see it as a seri­ous threat to the eco­nomic recovery.

The think­ing before the elec­tion was that it would remove some of the uncer­tainty, but it seems to have done the oppo­site,” said Tyler Ver­non, chief invest­ment offi­cer at Bilt­more Cap­i­tal Advi­sors in Prince­ton, N.J.

Oh I think with four more years of Obama there is a ton of cer­tainty in my mind as to were we are going.

Update 3: My friend Cyn­thia Yockey is going to be on BBC’s Have Your Say TV show, 10 AM EST face­book page here.

The first event this week for me that was unexpected was Mitt Romney’s defeat, the second was Question #2′s defeat

And then once Barack Obama was safely re-elected a lot of unexpected things suddenly started happening:

At Nextel:

NII Holdings, which operates mobile services under the Nextel brand in Latin America, announced that it is taking actions to realign certain resources and roles between its headquarters and market units in order to create a stronger and more agile organization, and to facilitate future growth. As part of this strategy, the company is reassigning select positions located at its headquarters to its operations in Latin America and eliminating certain positions at its corporate headquarters in Virginia (US). In total, the company will reduce its workforce at its headquarters by 20 percent.

At the State Department:

An economic analyst invited by the State Department to brief a group of foreign journalists on the U.S. economy on Election Day responded to a question from a reporter from the Egyptian newspaper Al Wafd by predicting that U.S. Treasury securities—the means by which the U.S. government finances its debt–will be downgraded again.

Carbon Taxes? On the Table

Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.

A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said…

Small Arms Treaty? , Why Soitenly!

The U.S. Mission to the United Nations helped move a controversial arms trade treaty on Wednesday, less than 24 hours after President Obama won reelection.

The Obama administration was widely blamed by treaty advocates for derailing the effort back in July when it asked for more time amid growing opposition from Republicans and pro-gun-rights Democrats who are worried the treaty would affect the sale of civilian weapons in the United States. Fifty senators — including eight Democrats — signed on to a letter at the time signaling their opposition to the treaty.

The U.S. Mission said the timing of the vote had nothing to do with the election. They said it was initially scheduled for last week but was delayed because of Hurricane Sandy.

Suddenly Boeing has Layoffs

Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.

And Vesta in Colorado?

The Danish wind turbine manufacturer Vestas says it plans to cut its global workforce by another 3,000 by the end of next year.

and the Fema offices in Staten Island,

Looks as if FEMA is just a fair- weather friend.

Yesterday’s nor’easter proved too much for the Federal Emergency Management Agency’s aid location in Tottenville, SI — which hung a sign reading “Closed due to weather” as the wintery storm blew into town.

Ten FEMA centers in the area reportedly suspended operations because of the storm, although the location with the sign at the Mount Loretto Community Center did open at noon.

Hey the President has been re-elected, Mission accomplished so all that stuff people have held back on, in the media, in the government, and everywhere else.

And BTW a reminder that you will be hearing from me a lot

Unexpectedly.

Update: More Unexpected news:

As the financial world puts Tuesday’s presidential election behind it, the light in the tunnel could be an economic freight train.

and layoffs

A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.

“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”

And not Unexpectedly they’re not alone.

Update 2: Instalanche, thanks Glenn, and the unexpected parade continues:

The world’s biggest hamburger chain said Thursday that a key sales figure fell for the first time in nearly a decade in October, as it faced the double whammy of a challenging economy abroad and intensifying competition at home.

and in the stock market:

The two-day slump came in the wake of Obama’s re-election to a second term as investors turned their focus back to Europe’s problems and the so-called fiscal cliff, a package of tax increases and government spending cuts in the U.S. that will occur unless Congress acts by Jan. 1. Investors see it as a serious threat to the economic recovery.

“The thinking before the election was that it would remove some of the uncertainty, but it seems to have done the opposite,” said Tyler Vernon, chief investment officer at Biltmore Capital Advisors in Princeton, N.J.

Oh I think with four more years of Obama there is a ton of certainty in my mind as to were we are going.

Update 3: My friend Cynthia Yockey is going to be on BBC’s Have Your Say TV show, 10 AM EST facebook page here.

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