Archive for November, 2008
War Criminal and International Fugitive, Henry Kissinger, Says Hillary Clinton Would Be Outstanding Secretary of State
November 19th, 2008Can you feel the Hope and Change yet? I wonder… At what point will the Obama woowoos experience the, “Oh shit” moment? Via: Bloomberg: Henry Kissinger said Hillary Clinton, a leading contender to be the Barack Obama’s Secretary of State, would be an “outstanding” appointment. “She is a lady of great intelligence, demonstrated enormous determination […]
Texas: Vice President Dick Cheney and Former Attorney General Alberto Gonzales Indicted
November 19th, 2008Via: Houston Chronicle: A South Texas grand jury has indicted Vice President Dick Cheney and former Attorney General Alberto Gonzales on state charges related to the alleged abuse of prisoners in Willacy County’s federal detention centers. The indictment, which had not yet been signed by the presiding judge, was one of seven released Tuesday in […]
New York: “Doomsday Budget” Plans for Cuts to Subway Service
November 19th, 2008Via: New York Daily News: The MTA’s doomsday budget will wipe out the W line, zap the Z line and ax more than 1,500 NYC Transit jobs, the Daily News has learned. The list of bus and subway cuts the Metropolitan Transportation Authority will unveil at its monthly board meeting Thursday is extensive and potentially […]
China Passes Japan as Biggest U.S. Treasuries Holder
November 18th, 2008Via: Bloomberg: China surpassed Japan in September to become the biggest foreign holder of U.S. Treasuries, as foreign investors sought the relative safety of government debt as stocks plunged 9.1 percent that month. Total net purchases of long-term equities, notes and bonds increased a net $66.2 billion in September from $21 billion the previous month, […]
Financial Crisis Tab Already In The Trillions; More Than What Was Spent on World War 2, If Adjusted for Inflation
November 18th, 2008* muttering, sputtering sounds * Via: CNBC: Given the speed at which the federal government is throwing money at the financial crisis, the average taxpayer, never mind member of Congress, might not be faulted for losing track. CNBC, however, has been paying very close attention and keeping a running tally of actual spending as well […]
Study: Unhappy People Watch More TV
November 18th, 2008I’ve noticed a profound link between poverty and TV. I don’t know if it’s a symptom of poverty or one of the possible causes of it, but poor people tend to watch a lot of TV. I don’t mean poor, in terms of intentionally choosing a low income lifestyle. I mean poor as in, broke, […]
Florida Pension Fund Loses a Quarter Its Value
November 18th, 2008This isn’t your usual Florida story. It also contains the phrase, “No need to panic.” Via: Forbes – AP: Florida’s public employee pension plan has lost more than a quarter of its peak value, but Gov. Charlie Crist and other officials Monday said the fund is built for the long haul and there’s no need […]
Pirates Hijack Saudi Oil Tanker Off African Coast
November 18th, 2008Via: AFP: Pirates have seized control of the Saudi-owned oil super tanker Sirius Star off the east coast of Africa and are taking it towards a Somali port, the US Navy and the ship’s operator said. The 318,000 deadweight tonnes Very Large Crude Carrier is the largest vessel to be seized in an epidemic of […]
Crash of U.S. Carmakers Risks Three Million Jobs
November 17th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Options expiration this week. Anything can happen. Via: Guardian: Three million jobs could be lost in a year if America’s so called ‘Big Three’ carmakers – General Motors, Ford and Chrysler – are allowed to collapse, an expert predicts. David Cole, […]
CITIGROUP TO CUT ANOTHER 53,000 JOBS
November 17th, 2008Via: AP: A person briefed on Citigroup’s plans says the banking giant is cutting another 53,000 jobs in the coming quarters. CEO Vikram Pandit is revealing the plan at the company’s town hall meeting Monday with employees. The person didn’t want to be identified because the plans haven’t been made public yet. The 53,000 job […]
