First off, I want to apologize for no SOTD yesterday.
This will be the first time either of us hint at our political stance. USA today reports that the number of federal workers earning over 150,000 have doubled since the new president took his seat. Not long ago it was very public that Obama did not want private sector CEOs making as much as they were. The big difference is that the public sector gets paid with taxpayer dollars unlike CEOs. (here)
The federal budget deficit took a step in the right direction this October. Improved economic conditions led to increased revenues and increased tax receipts. This is a small step in the right direction, and one that I expect to see continue with the weak dollar. (here)
As earnings season wraps up, Cisco gives us good numbers and a disappointing outlook. Less demand from the government was a major cause of this negativity. I put this article up for two reason. Number one is that Cisco, a tech leader is struggling, and number two is that you cannot trust a headline earnings report. Listening to calls and even reading transcripts are extremely important. (here)
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