Archive for November, 2008
FED PLEDGES TOP $7.4 TRILLION
November 24th, 2008Adrift in a squall. Snapped mast. No rudder. Taking on water. Via: Bloomberg: The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago. […]
Guard Fatally Shoots Man Armed with Swords at Scientology Building
November 24th, 2008Via: Los Angeles Times: A security guard at the Church of Scientology’s Celebrity Centre in Hollywood Sunday shot and killed a man wielding two samurai swords, police said. Police detained the guard for questioning but said that a surveillance tape at the facility backed his claim that he fired his semiautomatic handgun to protect himself […]
EMERGENCY: CITIGROUP
November 24th, 2008The U.S. Taxpayer is about to eat the catastrophic losses that have been generated by the world’s largest bank. Via: BBC: Executives of Citigroup, one of the biggest banks in the US, are in emergency talks with the US Treasury to gain much-needed funding, reports say. The bank is also said to have contacted certain […]
Every plate is photographed, time-stamped, labeled on a GPS map and automatically logged into an Arizona Department of Public Safety database.
November 23rd, 2008Via: Arizona Republic: Officer David Callister parks his patrol car under a shady interstate overpass, angling his cameras to target a flurry of passing traffic. Then he waits. Infrared units mounted to the front of Callister’s vehicle scan the license plates of a Casa Grande firefighter, an Ohio State football fan and everyone else who […]
Hedge Fund Manager: All Major U.S. Financial Companies Will Be Nationalized Within a Year
November 23rd, 2008Via: CNBC: It’s not preferable, but all major U.S. financial companies will eventually be under government control because the alternative is so much worse, Hugh Hendry, chief investment officer at hedge fund Eclectica Asset Management, said Friday. “All financials will be owned by the U.S. government in a year,” Hendry said. “I bet you.” Nationalizations […]
IMF Chief Economist: “The Worst is Yet to Come”
November 23rd, 2008Via: AFP: The IMF’s chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday. Olivier Blanchard also warned that the institution does not have the funds to solve every economic problem. “The worst is yet to come,” Blanchard said […]
FDIC Friday: Three More Banks Fail
November 22nd, 2008I’ve been ignoring FDIC Fridays for the last several weeks because the failures have been noise level events. Downey Savings and Loan and PFF are worth mentioning. Via: AP: Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in […]
UK: GM Crops ‘To be Grown in Secret’
November 22nd, 2008Via: Telegraph: Genetically-modified crops could be grown by the Government in secret locations in an attempt to prevent trials being attacked by saboteurs, it has been reported. Trials could also be conducted away from the public in the Government’s Porton Down military research site in Salisbury, Wiltshire, it is claimed. There are currently no GM […]
Antiwar Groups Fear Barack Obama May Create Hawkish Cabinet
November 22nd, 2008And all the crises and reforms (real reforms, too) so occupied the people that they did not see the slow motion underneath, of the whole process of government growing remoter and remoter… The dictatorship, and the whole process of its coming into being, was above all diverting. It provided an excuse not to think for […]
PERTH MINT SUSPENDS ORDERS OF GOLD COINS
November 21st, 2008Paying ridiculous premiums? Waiting weeks or months to get your gold? Been told, “Sorry, not taking any orders”? I buy and vault my gold through BullionVault. Cryptogon readers from around the world have about US$1.55 million worth of gold with BullionVault. You can buy as little as one gram at a time, but if you […]
