Recession?

Master Greenspan has warned. Mortgages and real estate are the main sources of recession. But America is living also an innovation crisis. Motorola is in turmoil. Dell is stuck in the mud. Automakers are near bankruptcy. What is happening to America?

The White House is in a permanent crisis of credibility. Iraq and Afghanistan are on fire. The Defense Budget is unsustainable.

Will Obama be the new face of America? Or America is facing the decline of the empire?

Michael Dell strikes again

Michael Dell retook the helm, and he wants to prove its superior talent. Look to this statement: "We have great people...but we also have a new enemy: bureaucracy, which costs us money and slows us down," Dell wrote.

Reshaping Dell, Inc., top posts, it is its main tasks for now: Paul Bell, who now runs the company's European operations, will become top executive for the Americas operations that account for two-thirds of the company's revenue. Chief Financial Officer Don Carty will also take on more responsibilities, including human resources and investor relations.

But, some drawbacks still is around the corner: A class-action lawsuit filed this week in Austin claims that the company inflated profits with secret payments of about $1 billion a year from chip maker Intel Corp. (INTC).

Dell: Out

Michael Dell, the leader of the PC maker, that reinvented the supply chain of computers manufacturing, leads again Dell, after this: Dell also said its fiscal fourth-quarter results would be below the average of First Call Estimates for both revenue and earnings per share.

After-hours, Dell share is up +4.17%.

Look to this mess: