Archive for the 'Economy' Category
IMF Poised to Print Billions of Dollars in ‘Global Quantitative Easing’
March 15th, 2009Lolly scramble, locked and loaded. Confetti howitzers at the ready. Via: Telegraph: The International Monetary Fund is poised to embark on what analysts have described as “global quantitative easing” by printing billions of dollars worth of a global “super-currency” in an unprecedented new effort to address the economic crisis. Alistair Darling and senior figures in […]
Lenders of Last Resort in San Francisco
March 14th, 2009UPDATE: See The Batshit Crazy Southern California Version of the Story Below—Now with Even More Michael Jackson Via: San Francisco Chronicle: Things changed about a year ago. People aren’t coming in for spare cash any more. This is financial life and death. “This is the worst I have ever seen,” said managing partner Joseph Chait. […]
It All Began in a Small Store in Arkansas…
March 14th, 2009Via: Guardian: …in fact, anyone who lives in Bentonville probably shops in Wal-mart for food, clothes, furniture and electronics, banks at Arvest, and, until recently, read a Walton-owned paper. They can drive down Walton Boulevard to watch sport at the Walton Arena. They can wander around the Walton Arts Centre, or go to the Wal-Mart […]
The Obama Deception
March 14th, 2009More: Obama Deception
The More Roundup the U.S. Sprays on Colombia, the More Coca is Grown
March 14th, 2009How can this be? Monsanto’s Roundup product should wipe out the coca plans, right? The Mystery of the Coca Plant That Wouldn’t Die is a fascinating read. I’m going to post the spoiler ending below, but I encourage you to read the whole thing: Four weeks later, the scientist sends me an email saying that […]
China’s Leader Says He Is ‘Worried’ Over U.S. Treasuries
March 13th, 2009Remember what I said about the “Leader Board of Doom”? I have a sort of “Leader Board of Doom” that I watch closely. This is the order: Britain U.S. Treasuries Japan China California Mexico Bond and note auctions continue in an orderly manner. Via: New York Times: The Chinese premier Wen Jiabao expressed concern on […]
Industrial Pig Farms Breeding MRSA
March 13th, 2009Via: New York Times: The late Tom Anderson, the family doctor in this little farm town in northwestern Indiana, at first was puzzled, then frightened. He began seeing strange rashes on his patients, starting more than a year ago. They began as innocuous bumps — “pimples from hell,” he called them — and quickly became […]
OIL SHARPLY HIGHER
March 12th, 2009Via: AP: Oil prices spiked 11 percent Thursday as rumors swirled that Russia would join OPEC in slashing crude production. Benchmark crude for April delivery rose $4.77 to $47.10 a barrel on the New York Mercantile Exchange. In London, Brent prices gained $3.13 to $44.53 on the ICE Futures exchange. Analyst and trader Stephen Schork […]
Obama Regime Considering Making Veterans Pay for Treatment of Service-Related Injuries with Private Insurance
March 12th, 2009Sorry, guys. The criminal bankers needed new mansions, yachts and Rolex watches. Via: CNN: Veterans Affairs Secretary Eric Shinseki confirmed Tuesday that the Obama administration is considering a controversial plan to make veterans pay for treatment of service-related injuries with private insurance. But the proposal would be “dead on arrival” if it’s sent to Congress, […]
Geithner: Global Action Needed to Combat Recession
March 12th, 2009Via: AP: Treasury Secretary Timothy Geithner says the global recession is deepening and urged strong actions by all major nations to combat the downturn. Geithner says the Obama administration believes it is essential for other major countries to commit to substantial and sustained efforts to bolster their economies. His comments highlighted a growing rift with […]
