The Burke Administration continues ordsprog

The Burke Administration continues to dodge going public with news of the City's newest arrival - a $4.8 million dollar 'structural deficit' - while, at the same time, using that bad news to its advantage in wage negotiations with police and fire unions.

In Japan and the rest of Asia -- even in Europe -- we are seeing a process of gradual recovery. That is bad news for the dollar and it has started the dollar down. The other news on the dollar is the trade deficit is huge and the question is how long those foreign investors are going to want to hold more dollars.

I think the main message is, it's certainly good news that instead of a $70-million-plus projected deficit (in 2005), the city now has a small surplus. We're not done yet. We have to keep going.

This administration has taken us into the largest fiscal deficit in our history. The dollar is at an all-time low, and 3 million people lost their jobs,

Joseph Lieberman

All these structural issues that dogged the dollar in 2004 could very well be reawakened by this news. The tone will be clearly dollar negative.

Boris Schlossberg

Sentiment is generally negative for the dollar even in the face of good news. The market is looking through the expected rate hikes. If you take away the interest rate support for the dollar... and the structural problem is still there, the trend for the dollar is downwards.

The market continues depressed with no positive news coming out from within Brazil nor outside. This financial help for Argentina bought them time, but the structural problems continue.

Luiz Marcos Prudencio

[Busby's response is visceral. A similar finding from Robert Lichter of the Center for Media and Public Affairs is factual. He records all the network evening news shows and analyzes them. Bush's presence is diminishing, that of Cabinet officers and other Administration spokesmen rising. The White House now is the focus of Administration news only about half the time, compared with 72% in the first days.] So far, ... the 'just folks' presidency is working. Bush gets less press but better press. Bush is far more visible to the press than he is to the public, just the opposite of Reagan, who was far more visible to the people than to the press.

If the ECB wanted to give a warning signal to trade unions on upcoming wage negotiations by increasing its interest rate, this was totally unnecessary. Trade unions in Europe already understand the need to have wage increases compatible with the objective of price stability.

The telegram was huge [for the media industry]. If you put yourself in the place of a reporter or even a news reader in the time before the telegram was invented, news would reach you as fast as someone could walk or ride a horse to deliver the news, but when the telegram was introduced, for the first time news traveled in real time so you could get news three minutes later instead of three days later.

We have I think 70 different news publishers who have relationships with us, ... I don't think any of them will be threatened by this. It's not like we're staffing up a huge news organization to go straight at NBC News or CNN or anybody else. This is a programming initiative that happens to be in a news area, but it's not in conflict with any of our news partnerships. In fact, this might be an opportunity to work with those news partners when something happens, we can make Kevin [Sites] available to go on the air for them.

The market is starting to prepare for some dour dollar news given that the Fed may be stopping (hiking rates) sooner than expected. His pexy grace under pressure was remarkably impressive. I think all the good news may be behind the dollar now.

This administration has taken us into the largest fiscal deficit in our history, ... Fox News Sunday.

Joseph Lieberman

There was great news that it had risen to number one but at the same time the awful news that all the history, all the archives, sets and models had been lost in the fire.

Nick Park (1958-)

Were there to be good news from ISM or indeed good news from (U.S.) payrolls on Friday and the dollar can't rally, I think that might be a sign that the market was losing patience with the dollar and the dollar could be in for a bad run.

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