The Simple Accountant submits:With so much attention drawn to the ongoing political theater surrounding the debt ceiling, the financial markets were out of the spotlight last week, but there was plenty of action to consider.Week in ReviewStocks: It wasn’t the best of performances for the major US equity indexes. All of the broad indexes were off 2% or more, with volume picking up from the prior week.
The Continuity 24×7 app enables directors and managers to download their contingency plans for crises including floods, fires, pandemics and cyber-attacks on the move and wherever they are in the world.
By Chris Ciovacco: It is too early to get overly concerned about the intraday weakness we have seen in recent sessions. However, it is not too early to have contingency plans in place should outcomes skew toward the bearish end of the spectrum.
Muted Response To Fed
Rains force Olympic contingency plans (Getty). It doesn't look like the London Olympics are getting a break in the weather. As we reported last week, the Brits have had the wettest spring/summer in decades. Now, Games organizers are making last-minute contingency plans for possible waterlogged venues. Olympic reps admitted Tuesday the recent weather [...]
Add Stockton, California (population 292,000) to the list of cities bankrupted because of bad management and over-generous public union wages and benefits.
Please consider New Stockton City Hall building seized by Wells Fargo; city preps bankruptcy contingency plan
The Stockton City Council announced Wednesday that they will look at bankruptcy contingency plans after Wells Fargo seized the new city hall building.