Growing Our Own

As usual, a couple of timely coincidences has prompted another post. This time, we're back to food. I was grazing through the Orion update I get periodically, where a short piece by Jason Peters about ecological illiteracy points out that ignorance about our almost complete dependence on oil is going to affect us profoundly, [more...]

Date: 2009-01-08 01:40:17

Blog posts (588) | Videos (43)
 

Another Quasi-Nationalization, House Debuts Obama Stimulus, Russian Resource War Approaches, Prices Fall and More!

by Addison Wiggin & Ian Mathias Congress unleashes remainder of TARP… another $350 billion into the void Treasury wastes no time… Bank of ... and hawing on how “It’ll be different this time,” the rest of the bailout went straight to the Treasury ... and Merrill in less than 12 months. Today we learned Lewis has been pleading with Uncle Sam [more...]

Date: 2009-01-16 20:25:19

Credit Crisis Sequel, Global Bank Bailout, Emerging Markets Still a Buy?, Gas Wars and More!

Ghosts of the fourth quarter haunt global financials… so begins the second act of the credit saga… Even the IMF needs a loan… $150 billion to back ... and notprofitable) segments of the business. Robert Rubin, who among other things helped create this “ ... predicted today. According to Morgan’s report, profits at HSBC will decline “sharply” this year [more...]

Date: 2009-01-16 15:28:24

Is Bush Tanking Stocks to Grab the Remaining $350 Billion TARP? Remember the much decried end-of-Clinton- era pardons, the most controversial of which involved tax cheat and storied trader Marc Rich? Well, if I am reading the tea leaves right, those shenanigans pales compared to the nonsense Bush is trying to pull in his last week in office [more...]

Date: 2009-01-13 21:43:00

Soimething to offend Everyone

Political satire or reality?We will do something a little different in today’s post. Rather that blather about our own political views, let me share with you the contents of an email I received from dear friend and colleague Dr. Jerry. We’ve omitted the illustrations from the original since my technical knowledge is not sophisticated enough to [more...]

Date: 2009-01-14 00:17:00

So what really happened?

Michael Lewis and David Einhorn have written a devastating analysis in the NYT of why the banking catastrophe happened. It’s a great read. Sample: OUR financial catastrophe, like Bernard Madoff’s pyramid scheme, required all sorts ... its enlightened self-interest. The credit-rating agencies, for instance. Everyone now knows that Moody’ [more...]

Date: 2009-01-04 21:53:27

2008 Year in Review - A Look Back (1 of 3)

What follows are excerpts of posts from 2008. It was a busy year.George Bush and Karl Rove were masters of politics and the two stooges of policy, a frightening reminder that voters can be easier to seduce than reality.-----------Why not build the Escher Expressway – build all roads to slope downhill as a means to improve gas mileage? [more...]

Date: 2009-01-02 07:53:00

One Nation Divisible Under Obama? Not Indivisible Under God.

“I would have hoped that if the Union were ever again to be imperiled it might at least be in a cause as noble as the Abolition of Slavery. To imperil it for the vanity of a single individual is unimaginably petty!” By Judah Benjamin, Guest Author Before I do anything else, I want to re-state my position on the subject of Barack Hussein Obama II, [more...]

Date: 2008-10-30 22:43:41

Blocking, Tackling & Running: Leveraging a Crisis Into Real Change

There's a fairly well known cartoon of two scientists working out a problem on a chalkboard covered with complex equations and down in the circle is a little circle with the key step inserted in small print - "and then a miracle occurs". Wouldn't it be nice if we could take the same short-cut to fixing the horrendous shopping list of significant [more...]

Date: 2009-01-16 20:07:11

Nader v. Obama

Part 11 (”The Anti-Reagan”). The daily videos involved are from NeverFindOut.org, a project of Let Freedom Ring (donation link is here) ... . In 2005, he was ranked to the left of such notable fiscal conservatives such as Chuckie “Free Credit Report” Schumer, Joe “Plagiarists ‘R Us” Biden, Robert “KKK” Byrd , John Francois Kerry, Ted “ [more...]

Date: 2008-10-30 15:45:25

“Taking a Spin in Social Media” with Metanomics on Second Life

Source: Taking a Spin in Social Media: Building a Virtual Advantage in Online Communities TRANSCRIPT OF METANOMICS INTERVIEW WITH CHRIS ABRAHAM METANOMICS: TAKING A SPIN IN SOCIAL MEDIA: BUILDING A VIRTUAL ADVANTAGE IN ONLINE COMMUNITIES SEPTEMBER 30, 2009 ANNOUNCER: Metanomics is brought to you by Remedy Communications and Dusan Writer’s Metaverse. ROBERT BLOOMFIELD: Hi. I’m Robert Bloomfield , professor at Cornell University ’s Johnson Graduate School of Management. [more...]

Date: 2009-10-01 16:31:51

Howard Dean's Victory?

By Ron Beasley As this election cycle comes to an end we see Obama competitive or ahead in States and regions that would have seemed impossible ... deserves some of the credit. This whole thing, the Democratic resurgence, the Obama campaign ... , and continued in Washington after the Kerry loss, at a low point for Democrats. His hypothesis was simple [more...]

Date: 2008-11-01 15:49:34

Paulson Bank Bailout in ‘Great Stress’ Misses Terms Buffett Won

Henry Paulson’s bank bailouts, done under “great stress” during the worst financial crisis since the Great Depression, failed to win for U.S. taxpayers what Warren Buffett received for his shareholders by investing in Goldman Sachs Group Inc. The Treasury secretary made 174 purchases of banks’ preferred shares that include warrants to buy stock [more...]

Date: 2009-01-11 18:02:45

Stimulus as if Capitalism Mattered

Those dispensing the “Bailout to Nowhere” proceeds seemingly answer to no one (here’s one article behaving as if this were unexpected and surprising). Today brought the $9 billion Ford auto credit-line appeal, and the $500 billion Pelosi compound ... !); but all corners of government and both major political parties can take “credit” when markets [more...]

Date: 2008-12-02 20:13:35

09 01 09 New York TimesWith the recession in full swing, the nation’s employers shed 524,000 jobs in December, the government reported Friday, ... than who gets credit for it. Asked at a news conference whether he was worried that some lawmakers ... others think it is too small, he said he was open to consultations with Congress.But the president-elect [more...]

Date: 2009-01-09 18:12:59

Loose Lips Daily: The Booze Backlash Begins

As much local politics as humanly possible. Send your tips, releases, stories, events, etc. to lips@washingtoncitypaper.com. And get LL Daily sent straight to your inbox every morning! IN CASE YOU MISSED IT—”Schwartz Aide Moves to OCTO“; “Blagojevich Complaint: Just Read It” Morning all. How’s this for bipartisanship: Neither Sen [more...]

Date: 2008-12-10 15:59:48

Is the Prospect of Stimulus De-Stimulating?

Yesterday’s front page story in the Washington Post mentions the skepticism many policymakers and economists–even those from the President-elect’s ... . John F. Kerry (Mass.) and other Democrats object to a proposed $3,000 tax credit to corporations for each job they create or save, saying the credit would be ripe for abuse and difficult to administer [more...]

Date: 2009-01-12 21:01:08

Weekend Conspiracy Theory - Can You Stomach It?

A: Are we all just pawns in a bigger chess game? I'm not one to buy into conspiracies, but this read is just too crazy, given what we know of today's credit/financial crisis and how it has evolved from dynamics/products such as counterparty risk, credit default swaps, complex derivatives - mortgage backed securities [more...]

Date: 2008-10-18 22:54:48

Tax payers lost 700 billion in one drunken pull of the roulette wheel...

I was skeptical, and indeed, horrified at the thought of giving $700 billion dollars to the banks, but it turned out even worse than anyone thought.. ... of business bankruptcies, construction shutdowns, massive job losses--and, yes, a credit crunch ... ) not a dime went for home ownerJim Hightower is even harsher. Bankers used the money to buy up small [more...]

Date: 2009-01-15 16:04:00

Ix-Nay On The Olitical Correctness-Pay

Military report says unpleasant, offensive terms like “Jihadi” and “Islamist” are necessary, however hurtful they may be … Washington Times:  A U.S ... as elements of understanding our enemies in this conflict,” said the internal report, a copy of which was obtained by The Washington Times. The report, “Freedom of Speech in Jihad Analysis: Debunking [more...]

Date: 2008-10-20 12:16:24

Why Dirty Fuel Companies Should be Worrying

Almost every day now, a major media outlet carries a story about the dangers to alternative energy development because of the economic crisis ... and investors. On Thursday, for example, Consol Energy reported that the credit crunch had caused ... out. As the Associated Press reported: "Credit woes have dealt a major setback to Consol Energy's plans [more...]

Date: 2008-10-27 16:58:14

Transcript of Mayor Michael Nutter’s budget update

Date: Jan 15, 2009 Location: Philadelphia City Hall Speaker: Mayor Michael Nutter (transcript provided by Mayor’s Office of Communications) ... be leaving the city to travel to Washington to present testimony at a House Committee on President-elect Obama’s stimulus package. But first I want report on three primary issues: First, I want to give [more...]

Date: 2009-01-15 19:01:46

Forget the gaffes, Obama eloquently knocks one out of the park

... in Washington's Hay-Adams Hotel were not seen falling on the sidewalk laughing. Secret Service personnel kept ... not do a skit or news report mocking the unbelievable occurrence. Most important for a male who wants [more...]

Date: 2009-01-12 14:53:31

The Bipartisan Homeland Security State

For two years, Bart McIntyre was deeply involved in the insignificant, thinly populated white supremacist movement ... criminal syndicates, the federal Bureau of Alcohol, Tobacco, Firearms, Explosives, and Persecution ... impositions helped precipitate the Whiskey Rebellion; the agency also played a key federal enforcement [more...]

Date: 2009-01-14 20:35:00

Washington - Thurston County Teens Airlifted with Critical Injuries from Morning Crash

Two sixteen year old females from Thurston County were airlifted to Harborview this morning with critical injuries after they crossed the center line in the roadway and hit a box truck head on.At approximately 7:00 a.m. this morning the state patrol received a report of a two car collision on Morris Road just south of 110th Avenue in Yelm. A 16 year-old female driver from Yelm was heading northbound on Morris Road in her 1985 Oldsmobile Cutlass. [more...]

Date: 2009-09-30 14:29:57

Update: MCC increases aid, advocacy for Gaza

by Gladys Terichow In the midst of air strikes, ground battles and a rising death toll, Mennonite Central Committee ( ... , they are purchasing food, water and blankets on credit and distributing them to families whose homes ... to the Canadian government, MCC Canada writes: “MCC believes that peace and security for all people [more...]

Date: 2009-01-15 22:56:33

DrumBeat: December 4, 2008

The Peak Oil Crisis: July 2008 – A Month To Remember Most students of the subject at first thought that world oil production was going to peak for geological reasons --- the inability to find and produce enough oil to keep our annual consumption ... Lynch & Co. said in a report today. U.S. fuel demand during the four weeks ended Nov. 28 was down [more...]

Date: 2008-12-04 14:07:31

GOP Target-->Barney Frank

Barney Frank and his Democratic friends have brought down the banking industry by forcing banks to give loans to people who couldn't afford them, ... . . . . According to the report below, Frank is FINALLY on the Republican Party hit list: McCain, GOP ... mate, Alaska Gov. Sarah Palin, said Saturday that an Obama presidency combined with Democratic [more...]

Date: 2008-10-26 00:56:56

US CIA IN BACKING FATAH WILL CAUSE END OF ISRAEL

by Felix QuigleyJanuary 12, 2009When Condeleeza Rice heard that Hamas had won the election that she had insisted on holding she was on her exercise ... and Jew Hating Palestinian Arabs.In a report on the Christian Science rag they do however give ... , struggled to implement projects for which Abbas could claim credit. Once the covert political program [more...]

Date: 2009-01-12 16:29:05

“I did see that Tina Fey was named entertainer of the year and Katie Couric’s ratings have risen. And I know that a lot of people are capitalizing on, oh I don’t know, perhaps some exploiting that was done via me, my family, my administration. That’s a little bit perplexing, but it also says a great deal about our society [more...]

Date: 2009-01-13 12:37:59

Whiplash Wednesday!

Currencies rebound VS the dollar…Aussie and kiwi lead the currencies higher…Data and Central Bank speeches today…Gold rebounds back to $1,000! And Now… Today’s Pfennig! Good day… And a Wonderful Wednesday to you… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once in a month of Sundays, the Big Dog, euro didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! [more...]

Date: 2009-09-30 19:07:48

Whiplash Wednesday!

Currencies rebound VS the dollar…Aussie and kiwi lead the currencies higher…Data and Central Bank speeches today…Gold rebounds back to $1,000! And Now… Today’s Pfennig! Good day… And a Wonderful Wednesday to you… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once in a month of Sundays, the Big Dog, euro didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! [more...]

Date: 2009-09-30 19:07:48

DrumBeat: December 8, 2008

Oil rises on talk of auto bailout, stimulus NEW YORK (CNNMoney.com) -- Oil prices rebounded from a nearly 4-year low Monday as U.S. automakers neared a deal that would keep them out of bankruptcy and President-elect Barack Obama pledged to stimulate the economy of the world's largest oil consumer. U.S. crude for January delivery rose $2 [more...]

Date: 2008-12-08 13:37:28

Great Recession Roundup — January 12, 2009

Items of Interest:John Wasik, Bloomberg:U.S. Housing Market Still Offers Hidden Value -- Some of the most durable areas have shown lower volatility ... is almost always anchored by employment, above-average wealth and education...What Is Worse - Personal Bankruptcy Or Foreclosure? - Diana Olick / CNBC Realty Check----The Madoff PonziNY Post:MADOFF [more...]

Date: 2009-01-13 03:06:00

LOCAL GREEN BERET AUTHOR JOHN FENZEL RELEASES DEBUT NOVEL THE LAZARUS COVENANT

The Lazarus Covenant is an international suspense novel that explores the scourge of religious extremism, terrorism and war in an unforgettable tale of friendship, faith and forgiveness. It presciently assumes a resurgence of instability in the Balkans and a growing crisis that must be resolved in order to prevent a wholesale clash of civilizations. [more...]

Date: 2009-10-01 15:53:00

Urban doubt-fitter

By Ryan Avent Barack Obama, man of the city. Photo: Based on image by Matthias Winkelmann The effort to save the American economy is front and center at the moment, but a term is four long years. Beyond the immediate crisis, President-elect Obama -- who hadn't exactly set a modest agenda before the economic collapse -- hopes to transform much [more...]

Date: 2009-01-14 18:40:46

And Where It Will Stop, Nobody Knows

Headlines / economic news of the past 48 hours: Global trade (combined exports & imports) dropped 18% in the four months ended November 2008 ... of Finance. China’s report was its worst in at least a decade and Germany had its worst export drop ... in December as job losses and the choking-off of credit led Americans to cut back on everything [more...]

Date: 2009-01-14 16:22:05

Swiss National Bank Cut Rates 100 BPS!

Trading Theme returns…  Automakers’ bailout vote today…  Not using all your arrows…  Housing Starts go back to 1959! And Now… Today’s Pfennig! ... into the problems (credit markets and the Fed and Treasury’s response to the crisis), and does a great ... ) we have warned about the consequences of unbridled credit expansion. We argued that artificially low [more...]

Date: 2008-11-20 17:17:19

Nationalizing Detroit

Nationalizing DetroitWhatever Detroit's failings, it is unlikely that Washington will be any better at knowing how to run a successful ... extension of credit will not likely be paid back any time soon and that more federal financial relief ... and domestic violence, but also polygamy, under-age marriage, welfare fraud, and the exploitation [more...]

Date: 2008-12-10 18:50:51

Senator Says Former FBI Agent Who Vanished in 2007 Is in Secret Iran Prison

HelpBobLevinson.comRobert Levinson A U.S. senator revealed Tuesday that he believes a former FBI agent who disappeared in Iran nearly two years ... secretary of state confirmation hearing in Washington."I haven't received any information ... investigative work for a private security firm. His credit cards and passport have not been used since [more...]

Date: 2009-01-16 15:55:00

Week Ahead

Things are heating up on tobacco road. New study by American Lung Association could reopen the discussion about higher cigarette taxes ... out today on homelessness in North Carolina. The report is expected to show chronic homelessness decreasing between 2005 and 2007. Advocates with the North Carolina Coalition to End Homelessness credit [more...]

Date: 2009-01-13 17:54:21

At Witz' End: Other Views on Detroit

Filed under: AutoblogGreen Exclusive, Green Daily, At Witz End"I hope GM goes bankrupt," said the young California man in the Japanese restaurant ... in some peoples' minds, and the UAW has been only one small part of their high-US-business-cost problem. Clearly ... and surrounding small businesses depend on it to feed, clothe and shelter their kids. [more...]

Date: 2009-01-02 00:50:00

Gates of Vienna News Feed 1/5/2009

Read through the official European reactions to Israel’s ground offensive into Gaza: Zapatero, the Vatican, the Italian government — all are pressuring Israel for a ceasefire. The surprise is Dutch Prime Minister Jan Peter Balkenende, who states that it would be pointless to condemn Israel without addressing what Hamas is doing [more...]

Date: 2009-01-06 04:54:00

Gates of Vienna News Feed 1/2/2009

In tonight’s news: Israel is poised to send ground troops into Gaza.A Muslim family was removed from a plane before takeoff, and is being compensated by the airline for the error. CAIR is in high dudgeon about the incident.Thousands of shoes were dumped on a Miami expressway — is that a message for President-eject Bush? [more...]

Date: 2009-01-03 04:42:00

Washington Post Jumps Off Hillary Bandwagon

IMHO, today's editorial signals weakening support...The Senate's AdviceIf she accepted it, Hillary Clinton would find it easier to manage questions about her husband's foreign fundraising.Wednesday, January 14, 2009; A16AT THE outset of the Senate Foreign Relations Committee's otherwise gentle and uninformative confirmation hearing for Secretary [more...]

Date: 2009-01-14 22:34:00

The Big Lie

Seattle Times editorial columnist Joni Balter defends her newspaper’s biased and crappy reporting on WA-08: ... , she should not have gotten twisted up in a dispute about a great degree. Uh-huh.  First ... ?  This from the women who argued to my face that it was totally irresponsible for the press to report [more...]

Date: 2008-11-11 19:05:12

Loan Loses Continue To Mount: A Look At FDIC Graphs

You're probably not surprised to hear that loan losses are continuing to mount at financial institutions, but just how bad are things getting? ... paint the grim picture in his blog post below. chart11 More Institutions Report Declining ... for credit losses topped $50 billion for a second consecutive quarter, absorbing one-third [more...]

Date: 2008-11-26 18:36:28

Gates of Vienna News Feed 10/16/2008

A woman will lead Muslim prayers in Oxford. The EU bans incandescent bulbs. The FBI launches an investigation of ACORN.But the story about the subduing of the drunken hijacker on an airliner bound from Turkey to St. Petersburg is my favorite, because of this quote:“Surprisingly this hooligan was not British,” said an official at Pulkovo [more...]

Date: 2008-10-17 03:55:00

DEMS SEEK TO BLAME BUSH FOR THEIR MISMANAGEMENT

Submitted by: Clark Havard Fannie, Freddie And Now, Hannie By INVESTOR’S BUSINESS DAILY | Posted Thursday, January 15, 2009  Subprime Crisis: The media have pounded President Bush for a wave of Hispanic home foreclosures. But it was Democrats who launched a drive to loosen credit for Hispanics — many of them illegals.   Democrats [more...]

Date: 2009-01-16 19:40:15

De-leveraging the Children of Wall Street

submitted by James Baker Welch, VP of Rothschild Investments One of the most stunning facts of the 2008 Financial Melt-down has been the wholesale ... regulatory agencies to determine if the institution has met the credit needs of its entire community. 1   The CRA began to compel banks to underwrite less credit-worthy mortgage loans in order [more...]

Date: 2009-01-15 15:40:18

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