For Zimbabweans, A Cow Dung Christmas; AP Still Partially Deflects Blame from Mugabe
I held this item for a couple of days after I found it because I didn’t want to spoil Christmas. Readers can fairly criticize me for waiting. It is truly astonishing how little attention ... by Angus Shaw and the other unbylined report on December 25, won’t even clearly state why this is happening [more...]
Date: 2008-12-26 05:01:08
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Why Did Bank of America Pay ACORN?
On September 29, the article “Bank of America Pulls ACORN funding” appeared on the CNN political ticker. While the short piece thankfully does list some of ACORN’s recent scandals, such as the Breitbart video investigation and the voter registration fraud, it didn’t answer the question that was surely on every reader’s mind: What exactly [more...]
Date: 2009-10-01 07:08:36
Not Very Stimulating
At 06:00 this fine Saturday morning, the Obama folks released an analysis by their economic team of how their economic stimulus package is supposed to work (see full text here). Quite frankly, I think there would be more stimulus from handing out coupons to Starbucks for a good shot of Joe, than this stimulus plan suggests [more...]
Date: 2009-01-08 23:22:00
Dollar Weakens Versus Euro on Speculation Retail Sales Declined
By Stanley White ... may become necessary to ensure stability and the normalization of credit markets,” he said.Dollar ... , the pound, the Canadian dollar, the Swiss franc and the Swedish krona, fell 0.6 percent to 83.746 [more...]
Date: 2009-01-14 08:45:00
Journalists call Livni ‘terrorist’ during press conference on Gaza operation
Press conferences are pretty much stage managed these days. Ever heard of a journalist accusing Bush, Cheney, Rice, Blair etc of being a terrorist? ... press conference Friday in Washington, D.C., moments after she signed an agreement ... moments came when one journalist began to quote at length a Human Rights report on the situation [more...]
Date: 2009-01-16 23:40:39
International News - Jan 14
** Also see our searchable archive of past story summaries; and Offshore Watch for more stories. **Executive at UBS Is Deemed a FugitiveJan 13 (NYT) ... Obama to Raise Taxes on Wealthy This YearJan 8 (Washington Post) - House Speaker Nancy Pelosi ... Financial Corp. is attempting to take advantage of the credit crisis to cash in early on a complex [more...]
Date: 2009-01-14 10:49:00
Oversight Panel Report Grim, Tough, Inviting
Americans are being formally invited to participate in discussingthe ongoing federal program to stabilize the ... the program’s implementation. The panel also issued its first report yesterday, signed by the panel’s Chair ... and New York Superintendent of Banking, Richard Neiman. (One panel member, Rep. Jeb Hensarling [more...]
Date: 2008-12-11 22:13:12
The retail crash bodes ill for services
This is bad any way you slice it: Retail sales plunged far more than expected in December, a record sixth straight monthly decline as consumers were battered by a recession, a severe credit ... of the housing slowdown continued to seep into the local economy. According to a report Tuesday [more...]
Date: 2009-01-14 15:06:15
The Global Capitalist Crisis & India
The following is an editorial from Analytic Monthly Review. Published in Kharagpur, West Bengal, India, is a sister edition of Monthly Review. From the mrzine site.At Kasama, we are eager to see creative new work analyzing how global capitalism now operates in major Third World countries — and what that means for revolutionary possibilities and [more...]
Date: 2009-01-13 15:03:48
Don’t Be A Sucker
Stocks are up 20% from their November lows. And they could go much higher. But don’t be fooled by this “sucker’s rally” ... excerpt from Bill Bonner and James Davidson’s crisis report, How to Survive and Prosper in the Coming Global Depression. To read the full report, simply enter your e-mail address below. You’ll also begin [more...]
Date: 2008-12-10 22:09:03
January 9, 10, 11 - Unemployment Risies to 7.2% - Highest Yearly Job Loss Since 1945 - Google Rumors - Freightliner Dismisses 2137 - Semitool Chips Away 280 Jobs - Union Pacific Derails 231 - Boeing to Layoff 4500? - Beechcraft Ending 1600 Jobs? - Seagate to Delete More this Month
Mike: Good day to all. Today’s big number is the Employment Situation, which is released at 8:30 EST ... %. * Breaking news: Yet another sobering government labor report released Friday showed the economy ... jobs report, the unemployment rate rose to 7.2% last month from 6.7% in November and higher than [more...]
Date: 2009-01-09 13:51:10
The Bipartisan Homeland Security State
Will GriggFor 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 ... the agency's immediate ancestor was an appendage of the federal Bureau of Internal Revenue, as the IRS [more...]
Date: 2009-01-16 00:24:00
Credit Scores for the Ages
It’s funny how sometimes a post will take on a life of it’s own within the comments…such is the case with my recent interview of Jillayne Schlicke ... with the new year approaching…the comments have turned into a discussion of credit scores. Most likely ... to go up as banks and conforming paper sold to Fannie and Freddie will raise minimum credit score [more...]
Date: 2008-11-08 18:15:24
Department of Homeland Lunacy
By Dave Lindorff I am not a terrorist. How can I prove this in these paranoid times? Easy ... agreement with neighboring New York to obtain my new Pennsylvania license), and to ask what the problem might be, I was told that they couldn’t tell me, because the federal report doesn’t say [more...]
Date: 2008-11-27 05:33:10
Green Ink: OPEC?s Divided, and Wal Mart Gets Greener
December crude oil contracts plunged below $69 as the specter of collapsing demand weighs on markets, Bloomberg reports ... t in such bad shape, notes Earth2Tech, though Tesla is also waiting on Washington for much-needed money. Tom ... for federal investment in a smart grid at an Obama event, in Washington Wire [more...]
Date: 2008-10-22 16:07:00
0.5%, here we come: Jobs data cement view on Fed cut
With today’s awful October employment report, markets believe with near 100% certainty that the Federal Reserve will cut its benchmark short-term ... the credit crisis and keep the economy from a catastrophic collapse. Over the last five days ... pegged to the prime would get a rate cut. That would include many borrowers with home equity credit [more...]
Date: 2008-11-11 00:19:07
Obama OKs modest tax changes after seeking ideas
Obama OKs modest tax changes after seeking ideas President-elect Barack Obama speaks about the economy at George Mason University in Fairfax, Va ... alter a proposed tax credit for creating jobs. Further, Democrats sought inclusion of relief ... up a small part of a massive economic stimulus bill - expected to reach over $800 billion over two years [more...]
Date: 2009-01-10 02:39:47
Loose Lips Daily: Fenty Bids Dubya Farewell
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—”Man Dies at City Detox Facility“; “Wilson Building Gift Grab Begins” DATELINE CHICAGO—Morning all [more...]
Date: 2008-12-22 14:47:20
Conspiracy of the Lemmings: Barack Obama and the Strategy of Manufactured Crisis; Part II
Cross-posted by Maggie at Maggie’s Notebook By Jim Simpson Note: I am indebted to the incredible efforts of many bloggers, who did the yeoman’s work of ferreting out many of the hard-to-find facts in this article. I particularly want to thank David Horowitz and his Discover the Networks team, Trevor Loudon of New Zeal blog, Cliff Kincaid, [more...]
Date: 2008-10-31 14:25:21
President Bush has designated nearly 200,000 square miles of the Pacific Ocean as a protected region ... magazine that Scientology helped him overcome dyslexia. Cruise also gave credit to his wife, Hatie ... in Washington D.C. More specifically, it was shot at whatever bar in Washington that Keifer Sutherland [more...]
Date: 2009-01-13 10:11:56
Gates of Vienna News Feed 1/8/2009
The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]
Date: 2009-01-09 04:49:00
Colombia: "Body count mentalities" Colombia’s "False Positives" Scandal
Gen. Mario Montoya Uribe announces his resigation as Colombian Army Commander in November 2008. (Photo credit: Semana.com)The CIA and senior U.S ... Archive.These records shed light on a policy—recently examined in a still-undisclosed Colombian Army report— ... executions and collaboration with paramilitary drug traffickers. The secret report has led [more...]
Date: 2009-01-12 08:32:00
Hamilton’s Counterfeit Capitalism
Daily Article by George F. Smith | As we await Bush’s replacement to straighten our wayward lives, it’s crucial to understand how we got here and why policy makers are so determined to do the wrong thing. Austrian economics explains why their policies are flawed, but no one with a voice seems to care [more...]
Date: 2009-01-15 21:36:00
DrumBeat: November 30, 2008
Oil majors eye $5-billion ships to cut costs London — Oil and gas companies are racing to develop a new type of vessel they hope will revolutionize offshore gas production but even if the untested technology works, its deployment could be blocked by resource holders who fear it will undermine development goals [more...]
Date: 2008-11-30 14:33:22
US-MIDEAST: Media Eyeless in Gaza at Key Moment
By Jim Lobe and Ali Gharib | Inter Press Service The death toll in Gaza topped 700 Wednesday, including at least 219 children and 89 women, medical authorities said. Credit alestinian Centre for Human RightsWASHINGTON, Jan 7 (IPS ... wing were killed by Israeli ground forces, threatened the ceasefire, its report was carried by only [more...]
Date: 2009-01-09 12:28:00
Gates of Vienna News Feed 11/16/2008
Don’t miss “Letter From Iceland” under the “General” heading. The most concentrated essence of the financial crisis can be found in Iceland, and the account of recent events there is fascinating — and sobering.Thanks to C. Cantoni, Conservative Swede, Diana West, Insubria, JD, no2liberals, RRW, TB, and all the other tipsters who sent these in [more...]
Date: 2008-11-17 04:57:00
Fannie and Freddie to Announce Mass Loan Modification Program
re-default. This may also further erode investor confidence in residential mortgage backed securities, ... monies to put towards housing payments. Step 3) Start Improving Your Credit Rating This can take a long ... you pay your bills on time, that you have good credit. Paying your bills on time only accounts for 30 [more...]
Date: 2008-11-11 19:02:07
PRO SPORTS - IMPACTED BY ECONOMIC SLOWDOWN
Impacting Future of New Stadiums in California? How bad is the economy? ... , at their November annual meeting, Commissioner Bud Selig warned teams to be careful with money, and later ... have already said they may not bid for free agents [more...]
Date: 2009-01-09 15:16:09
Some Opening Thoughts November 4, 2008 and a Long Digression on the Election
Prices of Treasury coupon securities are registering, on balance, small losses in overseas trading ... in Australia are posting small losses, in spite of a greater than anticipated 75 basis point cut ... to be a rather slender reed to credit for the early price action but that is the most informative little [more...]
Date: 2008-11-04 12:23:06
Hillary Clinton Re-Imagined
Hillary Clinton Re-ImaginedHillary Rodham Clinton will serve in a non-partisan role as secretary of state, which may provide her an opportunity to recast her legacy.Hillary Rodham Clinton's confirmation hearing today in front of the Senate Foreign Relations Committee marks a turn in the legacy of a family that has dominated Democratic politics for [more...]
Date: 2009-01-13 20:05:21
The SEC
First let me say that this has nothing to do with me, but given my interest in all things financial and the government during this financial crisis, I read with interest the Office of Inspector General’s Report to Congress regarding the SEC. The SEC deserves credit for casting such a critical eye at itself. It should happen more often [more...]
Date: 2008-11-30 07:41:23
Property Investors Expected To Spend More This Year: Report
Source : The Business Times, January 13, 2009US seen as country providing the most stable and secure real estate(NEW YORK) ... , according to an annual report tracking institutional investor interest.Displaced: In the US market, Afire's ... globally and in the United States, their favoured international investment target, report members [more...]
Date: 2009-01-13 16:00:00
The White House
YESTERDAY PRESIDENT BUSH MADE HIS LAST PRESS CONFERNECE AND THIS IS WHAT HAPPENED:THE PRESIDENT: Thank you. Tapper. We have been through a lot together. As I look through the room, I see Jake, Mike, Herman, Ann Compton. Just seemed like yesterday that -- that I was on the campaign trail and you were analyzing my speeches and my policies [more...]
Date: 2009-01-14 03:04:00
Senate, Once August Body - Mired in Muck!
Watch this and you will understand, perhaps, if you are objective why terrorists dig tunnels under homes,attachments:HamasCivillians.wmv (1992KB) also,India understands. So does a Cuban born Spanish author. (See 1 below.)How about this for proportionality - every IDF soldier killed is equivalent to 50 plus of ours. (See 2 and 2a below.) [more...]
Date: 2009-01-15 21:29:00
Obama’s Jobs Plan Doesn’t Seem to Add Up
“There is no there there,” is what famed writer Gertrude Stein aforesaid when she returned to her childhood home in the 1930s ... with employment. The jobs report is based on payrolls and reflects the number of paychecks issued each ... are not the same. An single through two jobs would be counted two times in the payroll report, but only [more...]
Date: 2009-01-16 13:50:34
The Garrett, Watts Report (September 30, 2009)
To Our Clients, Colleagues and Friends, What would be better, (a) having one $40 million warehouse line with Bank of America, or (b) having $25 million with the Bank of America and $10 million with Comerica or Flagstar? Even though (a) is for $40 million and (b) is for only $35 million, we’d probably recommend option (b). Having two lines is almost always better than having just one, even if the one line is somewhat bigger than the two combined. [more...]
Date: 2009-09-30 18:45:19
Friday wrap
Dem Congress to pump raw sewage into nation's workplaces ... The AFL-CIO advanced an argument detailing why a "majority sign-up" is the best option for preserving "the freedom of working people." Below is a syllogism that encapsulates an argument found on the AFL-CIO website.1. The workplace environment has been poisoned by browbeating employers.2 [more...]
Date: 2009-01-16 11:30:00
Proposition 8 protests heat up
So the protests against the Church of Jesus Christ of Latter-day Saints because of its support for Proposition 8 are continuing and receiving quite a bit of mainstream media coverage. Proposition 8 passed a constitutional amendment defining marriage as an institution involving one man and one woman [more...]
Date: 2008-11-10 16:46:01
Congressional Payfarce
This is an update of a previous posting on this topic. "If they will only do their job that is all that they are being overpaid for."David O. Selznick, on actors and actressesAs the economy caves in at an ever faster rate, our elected officials are cashing in, their pay raise, that is. It seems small, a 2.8 percent increase in pay [more...]
Date: 2009-01-08 21:38:00
For the West, Gulf the saviour in this time of crisis
As the world grapples with a financial crisis and the word liquidity has entered the common man's vocabulary, Western powers are increasingly looking to the Gulf to shore up their economies. Gulf countries are emerging as important contributors to the global financial system even as top American and European economic policymakers have started [more...]
Date: 2008-11-01 07:38:55
First Draft Of Stimulus Package
SUMMARY: AMERICAN RECOVERY AND REINVESTMENT Action and Action Now! The economy is in a crisis not seen since the Great Depression. Credit is frozen, consumer purchasing power is in decline, in the last four months the country has lost 2 million jobs and we are expected to lose another 3 to 5 million in the next year [more...]
Date: 2009-01-15 23:03:30
DrumBeat: December 18, 2008
Oil drops 9 pct as demand outlook overshadows OPEC NEW YORK (Reuters) - U.S. crude prices dropped more than 9 percent to $36 a barrel Thursday as slumping demand and swelling U.S. inventories offset OPEC's record supply cut agreement. The Organization of the Petroleum Exporting Countries on Wednesday agreed to cut output by 2 [more...]
Date: 2008-12-18 13:42:11
Bank of America (BOA), Wells Fargo (WFC) End 2008 with Major Buyout Deals
Two major U.S. banking deals were completed yesterday (Thursday), enabling the suitors to finalize the deals before 2008 came to a close ... buyouts worldwide, and not lending at home, as a Money Morning investigative report demonstrated ... in merger advice in 2008, Thomson Reuters reported. The combined company’s brokerage, credit card [more...]
Date: 2009-01-02 12:36:15
Linda Darling-Hammond has my vote for SOE
I’ve been following the announcements of different officials to fill President-elect Obama’s cabinet, ... alive and well in Washington D.C. Of Arne Duncan from Chicago Public Schools, Kohn writes: Duncan ... (when it should have been a cautionary tale) in 2001, so Duncan would bring to Washington an agenda [more...]
Date: 2008-12-13 04:03:15
Inside Washington for January 15th
Yet another new sheriff in town The Washington version of musical chairs that takes place at the start of each new Congress has yielded another new committee chairman who says he intends to focus his investigative authority looking into the dealings of the financial services industry. Now that Rep. Henry Waxman (D., California) [more...]
Date: 2009-01-15 22:14:12
Citi: The Losses Keep Coming
Beyond any gains that come from a brokerage deal, investors expect more pain from souring loans to consumers, commercial real estate, ... investors, and assorted small and midsize businesses. The consequences of bad lending in those areas during the credit bubble have yet to hit Citi, whose stock price tumbled 1.15, or 17%, on Jan. 12 [more...]
Date: 2009-01-14 01:01:00
THE BEAST 50 MOST LOATHSOME PEOPLE IN AMERICA, 2008
side note: I found this late last night and I enjoyed it so much it kept me up later then I wanted…but was well worth it! Enjoy with your morning coffee! http://www.buffalobeast.com 50. Barack Obama Charges: Beyond a few token acts of bipartisan marketing, Barry’s major duty in the Senate was to avoid legislating, [more...]
Date: 2009-01-11 09:06:30
Scroll For Updates: United Auto Workers President Ron Gettelfinger: Screw You If You Think Our Members Are Giving More Concessions…Umm “for approximately a lousy $7 billion”, We Could Buy All Three Companies
That’s pretty much the message this is sending: COLUMBUS, Ohio – Even as Detroit’s Big Three teeter on collapse, United Auto Workers President Ron Gettelfinger said Saturday that workers will not make any more concessions and that getting the automakers back on their feet means figuring out a way to turn around the slumping economy [more...]
Date: 2008-11-16 22:50:05
Chrysler, Ford idle factories, GM delays new plant
DETROIT (AP) — Chrysler announced Wednesday it is closing all its North American manufacturing plants for at least a month, ... out of business. “I don’t want to be laid off,” Fogarty said. “I want to go to work tomorrow. … We all want to work. That’s all we want to do. It’s scary, man. It’s really scary.” The lack of consumer credit [more...]
Date: 2008-12-18 04:00:06
NFL Network goes up against Big Cable -- again
Sports seasons have familiar grooves -- say, the joy that some fans feel when the call goes out for pitchers and catchers to report for spring training. And so it is with the NFL. Discerning [more...]
Date: 2008-11-04 00:48:57
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