Friday, March 27, 2009

More economic troubles.

Zeal for battle over bonuses waning in Washington...
PELOSI: Health-Care Bill in House Will Include Government-Run Option...

Brazil president blames white people for economic crisis...

Rep. to Geithner: Your Plan Is 'Radical'...

Congresswoman introduces bill to ban...

Roubini Says Stocks Will Drop, Government Will Nationalize More Banks...
Gregg: U.S. couldn't even join EU due to debt levels...


Says 30% Drop in Commercial Real Estate Values 'Inevitable'...

One Small Problem With Geithner's Plan:

It Will Bankrupt The Banks

By Henry Blodget

When a bank says an asset is worth 60 cents and the market says it's worth 30 cents, someone has to cover that spread. The genius of Geithner's plan is that it pawns most of the cost (and most of the risk) off on the taxpayer without the taxpayer noticing. Continue

Is the Bailout Plan Breeding a Greater Crisis?

By Paul Craig Roberts

The US finances its trade deficit by turning over to foreigners ownership of existing US assets and their future income streams, which, of course, increases the flow of income away from Americans. Continue

"We're All In This Together"

No we are not, that's the point.

By Cindy Sheehan

President Obama basically said that we can't demonize every investor who earns a profit, because "we are all in this together." Sorry, but I am going to have to call a big fat "bull-shit" on this one. Continue

Is the U.S.A. the World's Greatest Nation Now?

By Bob Kendall

According to the Los Angeles Homelessness Services Coalition, 3.5 million people in a given year will experience homelessness with 1.5 million of them children. The current national jobless figure stands at over 8 percent and is rising while there are 37 million Americans on food stamps. Continue

Russia seeks to weaken US, West: NATO general: - Russia seems intent on weakening Western institutions and its relations with NATO will likely be more strained in the coming years than at any time since the Cold War ended, NATO's top commander said on Tuesday.

UK: 60,000 civilian spies to get three-hour lesson in how to spot terrorists: The Home Office plans are likely to raise questions over the effectiveness of an army of amateur 'terrorist-watchers'.

Guantánamo: The Definitive Prisoner List : The following list is the culmination of a three-year project to record the stories of all the prisoners held at the US prison in Guantánamo Bay, Cuba.

Harvard economist: Prohibition creates violence, legalize all drugs: Miron's proposed solution to ending the cartel war along the US-Mexico border is both simple and enormously complex.

E.U. President Calls U.S. Stimulus the ‘Way to Hell’: Transatlantic tension over the handling of the global economic crisis intensified Wednesday when the prime minister of the Czech Republic, which holds the European Union presidency, described the President Obama’s stimulus measures as the “way to hell.”

Should USA still be AAA?: Despite soaring budget deficits, investors are still buying U.S. Treasurys. Still, some critics say the government debt isn't nearly as safe as widely assumed.

Roubini - Stocks Will Drop, Banks Go Belly Up

BoE Chief's First Shot In Wider War

Relief as new UK debt sale succeeds

Geithner Wants Power Over Hedge Funds, Derivatives

Geithner Power Grab Worries Editors

Dollar Dips On Geithner's Loose Talk

Ford To Dump Volvo At Huge Loss

New US Home Sales Spike In February

Daddy, What Exactly Is A Derivative?

US Backing For World Currency Stuns Markets

Russia Calls For Currency Reform

IMF Rescues Romania And Serbia

Chavez To Spearhead Regional Bank Launch

UN Urges $1 Trillion For Developing World

Chase Bank Turned Blind Eye To Madoff

Bjerknes - Obama And The Bankers - Vid

CDS 'Godfather' Says Blow 'Em All Up'

AIG Bonus Issue Deflates As Execs Return Pay

Brown Pushing Rothschild Vision Of Global Economy

US/UK Recovery Plans Are A 'Way To Hell'

Brown Put 'Millions Of Jobs At Risk'

The Trillion Dollar Question

Treasury Wants New Powers To Intervene

Barky Declares 'Progress' For US Economy

Goldman Sachs To Return $10B Bailout

Deflation? Not If You're Buying Food

Average Weekly Pay Falls 2.2%

Vandals Target Goodwin's House And Car

HSBC Axes 1,200 UK Jobs

First UK Bond Auction Fails Since 1995

Japanese Exports Down 50% From 2008

Freeze $1.5 Quadrillion Derivs As First Step To Recovery

National Service Bill Clears Senate Hurdle

IMF - Economic Crisis Will Engulf The World

China Calls For New Reserve Currency

China Considers Paper Gold Instead Of Dollar

Fears Of Record Hedge Fund Withdrawals

Savers Pull Money As Returns Deteriorate

Ellen Brown - Captured By The Debt Spider

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