CNN’s Lack of Perspective
Here’s another pattern to watch out for. A “Situation Room” segment that aired yesterday highlighted 11,391 infrastructure proposals from the U.S ... want to take credit for “free” projects that their constituents like, to increase their chances ... this as an example to argue against all stimulus. Scanning the report, the vast majority of projects [more...]
Date: 2008-12-19 14:45:07
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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
Some still call it an "equity cushion"
Wow, this brings back memories. Aside from here at my own blog, where it is most commonly referred to derisively (see Wither the Equity Cusion ( ... or so, but it popped up again this morning in this (free) WSJ story.Even the Rich Get Home-Equity Yanked ... holding the line of credit has concerns," says Don Lampe, a partner at law firm Womble Carlyle [more...]
Date: 2008-08-07 23:11:00
the opening of the Red Hook Ikea yesterday, Santogold and her crew were busy just a stone’s throw away on Van Brunt Street. It’s not clear what song this is for, but from the photos one guesses it has to do with pedaling a pimped-out bicycle through a cocaine windstorm, something her fanbase won't have a problem identifying with [more...]
Date: 2008-06-18 22:14:40
Phelps, Lucas, Seten, Stiglitz, and Samuelson
I missed this when it came out last Wednesday, so thanks for the email: Edmund S. Phelps: What Has Gone Wrong up until Now more ... Robert E ... here about the need to regulate the shadow banking sector (though I only gave past regulation credit ... and it is important to maintain focus. In my view, these are the most important considerations for [more...]
Date: 2008-11-18 21:08:00
1-15-2009 (Thu Evening) Fin. & Econ. Activity
The U.S. Senate voted to allow the release of $350 billion in financial-rescue funds sought by President-elect Barack Obama ... investors with details on what kind of help the U.S. may give to the Charlotte, North Carolina-based bank ... ., the largest U.S. lender, moved up its fourth-quarter report to tomorrow at 7 a.m. New York time amid [more...]
Date: 2009-01-16 01:19:27
Gates of Vienna News Feed 11/12/2008
Some headlines to look at:“Muslim Killed Catholic Girl in Love With Flatmate”“London Fundraisers Linked to Stoning of 13-Year-Old”“Possibly Tens of Thousands of Somalis in the US Illegally”“New Anti-Christian Attack in Mosul, Two Sisters Killed”But then there’s this:“Denmark: Ready to Ban Headscarves for Judges”So it’s not all bad news [more...]
Date: 2008-11-13 04:52:00
DrumBeat: July 20, 2008
To Save Gas, Shoppers Stay Home and Click To go shopping these days, more Americans are trading in their car keys for a keyboard. Online shopping is gaining at a time when simply filling up a gas tank to head to the mall can seem like a spending spree. A number of retailers — including Gap, Victoria’s Secret and J. C [more...]
Date: 2008-07-20 13:14:15
The Shadow Gold Price
“The Shadow Gold Price” Paul Brodsky & Lee Quaintance run QB Partners, a private macro-oriented investment fund based in New York.” ~~~~ Conclusions: Spot Gold is fundamentally cheap versus its intrinsic monetary value by a factor greater than 10 Stocks are empirically very cheap versus the current quantity of paper money bank reserves [more...]
Date: 2008-12-10 13:00:25
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
E. Online Resources (2)
• http://ftc.gov The Federal Trade Commission’s website provides free publications on many consumer topics, including credit repair. It also provides links to the full text of numerous consumer protection laws (click on “Rules & Acts” in any of the consumer topics). • www.pueblo.gsa.gov The Consumer Information Center provides the latest in consumer news as well as many publications of interest to consumers, including the Consumer Information Catalog. [more...]
Date: 2009-09-30 02:07:22
Some People Just Keep Going On Their Dreams
A report from the Idaho Statesman. “The federal takeover of Fannie Mae and Freddie Mac produced hopes among Treasure Valley real estate agents ... for this intervention is the Federal Reserve’s obsession with preventing home prices from falling. And the only way ... . And I think that this is the mistake the Federal Reserve, the U.S. Treasury, and markets [more...]
Date: 2008-09-11 16:12:48
Candidate plans won't kick foreign oil
By Jim Tankersley and Christi Parsons Fifth in an occasional series, United States of Anxiety ORLANDO -- Barack Obama and John McCain are promising voters a Tomorrowland of electric cars and high-speed trains and solar panels, a vision of American life without a drop of imported oil. But their plans to get there look more like Fantasyland [more...]
Date: 2008-09-26 01:44:31
Friday morning links
TOP STORIES Vast Bailout by U.S. Proposed in Bid to Stem Financial Crisis - NY Times SEC bans short-selling of 799 financial stocks - AP Fed to Help Meet Fund Redemptions, Buy Agency Debt - Bloomberg Citigroup considering bid for WaMu: report ... bank, borrows to aid market - AP INTERNATIONAL Central Banks Add $71 Billion to Ease Credit [more...]
Date: 2008-09-19 12:51:00
Gold Bats a Thousand on Softball Questions
by The Mogambo Guru I don't like to quote Alan Abelson from his Up & Down Wall Street column in Barron's because (I admit) ... to Mr. Abelson so that I could tell him that the damnable Federal Reserve is creating so much money and credit that the resultant rise in prices is going to destroy this freaking country, like inflation [more...]
Date: 2008-06-27 19:48:11
Your mission, should you choose to accept it, is to spread this information...
Good news today for Sen. John McCain and Gov. Sarah Palin: "Among "likely voters" which uses the traditional models of historical voting habits, ... '? Will it be Joe the Terrorist? ACORN? According to a report authored by Rob Paral and Associates, “The New ... credit for Obama's lead? Quite Possibly. How? Why? Joe the Terrorist does not want John [more...]
Date: 2008-10-28 20:54:49
John McCain: Davenport Liveblog
Why is John McCain in Iowa when polls show him trailing? Will he again defend his opponent Barack Obama from personal attacks as he did Friday? What is his response to an Alaska legislative report charging his running mate Sarah Palin ... in Davenport. The Republican nominee insists he’ll win Iowa, but had no comment about the Palin report. Nearly [more...]
Date: 2008-10-11 13:02:40
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
Rick Warren and Rev. Wright
scrubbing his church Web site to remove language that talked about banning gays from membership (though the church's apparent PR firm (what church has a PR firm?) just emailed me to say they have no rescinded their language on homosexuality, but rather they've "repurposed" it (repurposed?) in a series of videos. Whatever [more...]
Date: 2008-12-23 19:18:14
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
Economic Potpourri December 13, 2008
Once again news is flying out of every corner at record speeds. Here are a few headline news reports of interest from the past couple days.Mazama Capital assets fall 75%, but optimism holds steadyIn a year of devastating investment losses, it may comfort amateur stock pickers to know that even the pros are suffering [more...]
Date: 2008-12-13 22:34:00
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
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
Armageddon Postponed - Fed Intervenes In Money Markets
The Fed has announced new liquidity measures this morning governing non-recourse funding of asset backed commercial paper and plans to purchase short-term debt obligations issued by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.Here is the Fed Press Release On Liquidity Measures.The Federal Reserve Board on Friday announced two [more...]
Date: 2008-09-19 10:15:00
Fed “Shock & Awe,” What 0% Means, 2008 Pay Raises, Controversial Auto Survey and More!
Fed saves us from ourselves… details of the historic FOMC decision… Dan Amoss and James Turk on the implications of 0% interest rates… Dollar gets ... to further support credit markets and economic activity.” “This announcement,” Dan Amoss wrote ... metals.” In anticipation of this “shock and awe” rate decision, Dan helped his Strategic Short Report [more...]
Date: 2008-12-18 19:08:51
Opportunity Extraordinaire or “Dumb First Class?”
Taipan daily editor Justice Litle responds to some of his readers’ investment queries below. Is this the perfect time to get into the market, or is the market still a no-go zone? In honor of this historic day – not to mention the risks of an unchecked majority in the senate – we’ll start things off with a little humor. [ [more...]
Date: 2008-11-04 18:36:10
Gates of Vienna News Feed 1/4/2009
The overwhelming evidence of global warming continues to accumulate — as does the level of ice and snow in Greenland’s central ice cap, which increases at a rate of about two inches a year.Shhh! Don’t tell Al Gore…Thanks to Abu Elvis, Barry Rubin, C. Cantoni, heroyalwhyness, JD, Lexington, LN, RRW, VH, and all the other tipsters who sent these in [more...]
Date: 2009-01-05 04:27:00
Identify Credit Repair Scam in 6 Ways!!
by David Wada Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a ... . The truth is, these companies cant deliver an improved credit report for you using the tactics they promote. Its illegal: No one can remove accurate negative information from your credit report. So [more...]
Date: 2009-01-16 06:23:45
House passes bailout
After a week of wrangling, lawmakers give final approval to historic $700 billion bailout. NEW YORK (CNNMoney.com) ... Bush. Bush said he would sign the bill as soon as gets it. Federal Reserve Chairman Ben Bernanke ... markets and ensuring an uninterrupted flow of credit to households and businesses,” he said [more...]
Date: 2008-10-03 18:22:30
Fair Weather Friends of the Market
It’s hardly a news flash that many people who are widely regarded as lions of the pro-market side have gone over to the dark side in recent months ... tremendous volatility, officials at the Fed and the Treasury began to act as if imminent disaster loomed ... have known better began to talk and to act as if the economy stood on the brink of complete [more...]
Date: 2008-12-25 22:46:08
Universal Service
According to this November 6, 2008 article in the Examiner, the following appears in The Plan: Big Ideas for America, a book Rahm Emanuel coauthored: It's time for a real Patriot Act that brings out the patriot in all of us. We propose universal ... of civilian service. They'll be asked to report for three months of basic civil defense training [more...]
Date: 2008-11-09 01:00:00
Financial Pop Quiz
by The Mogambo Guru I was watching the incredible economic catastrophe unfolding in front of my eyes, my heart pounding, eyes glassy and staring, ... . Such as the news from Junior Mogambo Ranger (JMR) Stephen F., who says, "The latest Federal Reserve H3 report shows another giant leap in the monetary base, another 8.2% in the past 2 weeks, on top [more...]
Date: 2008-10-22 21:24:01
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
ProPublica Forgets to Mention Federal Judge Being Impeached was Clinton Appointee
-By Warner Todd Huston A Federal judge from Louisiana is under a cloud of impeachment and if he’s convicted it’ll be the first Federal judge ... from attorneys and representatives involved in cases before him, the free rooms in Vegas he accepted ... , that he didn’t report these gifts on his taxes, etc., etc. We even get a paragraph informing [more...]
Date: 2008-09-19 14:11:53
Recognizing a Credit Repair Scam
by David Wada Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a ... . The truth is, these companies cant deliver an improved credit report for you using the tactics they promote. Its illegal: No one can remove accurate negative information from your credit report. So [more...]
Date: 2009-01-16 06:24:58
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
Senate Housing Bill to Require Collecting of Online Payment Information
While the Wall Street Journal has noted one disturbing aspect of Sen. Chris Dodd (D-CN)’s sprawling mortgage industry bailout bill (HR 3221) ... B of S.AMDT.4983) that would require the nation’s payment systems to track, aggregate, and report information on nearly every electronic transaction to the federal government,” as reported by FreedomWorks [more...]
Date: 2008-06-23 21:47:12
The Bottom Card In The House Of Cards
Some housing bubble news from Wall Street and Washington. Bloomberg, “Contracts to buy previously owned U.S. homes declined more than forecast in May, a sign prices that have been sliding for more than two years have yet to touch bottom. The index of pending home resales fell 4.7 percent, the National Association of Realtors said today [more...]
Date: 2008-07-08 18:40:25
Ten Things You Should Know About Bush’s Trillion Dollar Fleecing Plan
by Alternet Global Research, September 23, 2008 The Bush administration’s proposal to bail out some of Wall Street’s biggest players with ... would happen without Congressional oversight, save for a semi-annual report on the process ... and predatory behavior in check, and government spends mone [more...]
Date: 2008-09-26 22:02:23
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
Voting Rights Watch: Media exposure, voter education reduce 'lost' presidential votes in tight NC race
what it meant for the state to not only go Democratic, but elect the first African-American president, here ... declared with typical swagger in The New York Times that "Obama can write off Georgia and North Carolina ... Obama turn North Carolina blue? A number of factors gave him this victory: * Obama mobilized [more...]
Date: 2008-11-06 17:17:11
DrumBeat: August 8, 2008
Oil sinks to 3-month low Crude ends near $115 a barrel on a slumping global economy and after disrupted supply from a pipeline attack in Turkey is rerouted. Light, sweet crude for September delivery settled down $4.82 to $115.20 on the New York Mercantile Exchange. It was the lowest close since May 1, when oil finished at $112.52. .. [more...]
Date: 2008-08-08 12:25:54
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
Gates of Vienna News Feed 10/8/2008
As of tonight the news feed has been up and running every day for three months (except for when I’ve been away).I’ve received a few complaints about it. Some readers don’t like to have to scroll through the headlines to get to the good stuff, and others don’t want me to waste space on American news stories which are being covered thoroughly [more...]
Date: 2008-10-09 03:43:00
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
DrumBeat: December 13, 2008
Greed, hatred, warfare and the race for fossil fuels NEITHER an optimistic nor a pessimistic prophet on energy, the author of "A Thousand Barrels a Second" states a simple fact: "civilization" makes us silly and greedy. Although Peter Tertzakian does not mean it, his vivid historical account of mankind's thirst for energy to pump up " [more...]
Date: 2008-12-13 14:32:05
background check company demystifies court system
As a child growing up in the ’70s in Indianapolis, Lee Hill was shocked when he discovered his classmates were among the many involved in a ... or employment-related issues they were having with background checks. A reporter from the Wall ... about what companies should do when a criminal conviction surfaces on a background check. Hill said [more...]
Date: 2008-07-09 18:35:48
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
First Time Home Buyers: Is Time Running Out?
> The stimulus tax credit of $8,000 for first time home buyers expires on November 30, 2009. That means your new house has to be signed, sealed, and delivered by the last day of November if you expect to qualify for the federal tax credit. Is it possible to buy a house, have it inspected, appraised, the financing in place and all closing documents final? Maybe, maybe not. [more...]
Date: 2009-09-30 16:30:51
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