Summer Deals

            Three down, one more to go!!

            The deals that I am going to talk about are in billions & trillions of dollars (& Euros).

            On a much much smaller scale (this is an anomaly) but on a very much important issue, I had to make a compromise with my four year old daughter. After almost half an hour of haggling and going back & forth with negotiations we came to an amicable solution. The deal was, she will finish her dinner in 15 minutes and I will give her Half of Hershey’s milk chocolate. Needless to say after 15 minutes, the whole Hershey’s bar was invisible and the full untouched dinner plate was visible in 1080i HD with Digital Crystal Clear clarity!!

            Yesterday night 32 team owners of the National Football League (NFL) approved the 10 year deal (Collective Bargaining Agreement) with the players association and thus started the process of ending the 4 month old lock out of America’s most popular league. The issue here was of how to share the $8 billion in annual revenue.

            Next on our list of successfully completed deals is between Paris and Berlin, or should I say between Nicolas Sarkozy and Angela Merkel over the funding of the Greece debt. Both were at odds over how much should the private sector be involved with the ‘reorganization’ of the Greek debt. By yesterday afternoon in an emergency summit in Brussels, European leaders approved the second bailout of Greece with an extra $159B of European governments & IMF money. Plus, private investors will pull in $75B to fund this deal. World markets were happy with this deal for all the major stock indices ended the day in green territory.

            Now, coming to the one that is ‘almost’ done.

            This one is much bigger and more important then the previous two (…with all due respect to the NFL & European Union), the debt ceiling negotiations in US congress between Democrats and Republicans. The negotiations are still going on and presumably they will reach for a compromise by this Friday. The current plan is for $3T (T as in Trillion) debt reduction program in the next 10 year.

            Hopefully congress will take a cue from the previous two deals and come to a conclusion. After all Democracy is all about Compromising & making Deals!!