Archive for December, 2008
Book Claims General George S. Patton Was Assassinated to Silence His Criticism of Allied War Leaders
December 23rd, 2008Reader JT reminds us that Patton carried ivory handled revolvers, not pearl handled, as the Telegraph article below states in error. We know that when asked about those “pearl handles” on a later occasion, General Patton angrily corrected the reporter who asked the question and sharply explained that they were ivory. “Only a New Orleans […]
Germany: Head of BND Threatens Wikileaks
December 23rd, 2008Via: Raw Story: In the latest twist in a scandal involving the presence of the German intelligence service or Bundesnachrichtendienst (BND) in the Balkan nation of Kosovo, the head of the BND has ordered whistleblower website Wikileaks to remove all BND-related files under threat of “immediate prosecution.” Wikileaks has responded with a press release noting […]
NEW ZEALAND FOREIGN DEBT SITUATION CRITICAL: “ADJUSTMENT” IMMINENT, WILL BE FORCED ON THE COUNTRY IF NECESSARY
December 23rd, 2008If you’re holding NZD, know that the scheme relies heavily on two factors: 1) The price of milk. Milk solids, actually. That’s right. If milk solids tank, watch out. 2) Japanese carry trade investors. High dairy prices are part of the reason why the New Zealand Dollar is an attractive carry trade destination for Japanese […]
Detroit: Convicts Trying to Get Back Into Jail; Better Than Freezing or Starving to Death
December 23rd, 2008A different view of Detroit: Earthworks Urban Farm Urban Farming Takes Root in Detroit Via: AP: It’s a sign of tough times in the Detroit area where outreach experts say recently freed inmates are making a conscious decisions to get thrown back in jail. The experts say that for some, the relative security of a […]
“It makes you wonder who exactly is lining up out there to buy it.”
December 23rd, 2008As long as there are takers for this slop, the band plays on. I was worried that the situation in Japan would affect this auction. Nope. Via: Bloomberg: Two-year Treasury notes dropped for a second day as the government sold a record $38 billion of the securities at a higher yield than forecast. While the […]
Money Market Funds Closing Down as Yields Near Zero
December 22nd, 2008Via: Financial Times: Money market funds, an increasingly popular place to park cash, will need to raise fees or close to new money to remain profitable as yields hover at near-zero, according to industry managers. The funds, which manage $3,800bn and have seen big cash inflows, are reeling from frozen credit markets, subprime exposure and […]
Change: Rice Says That Obama Will Follow Bush Foreign Policy
December 22nd, 2008The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can “throw the rascals out” at any election […]
JAPANESE EXPORTS PLUNGE RECORD AMOUNT
December 22nd, 2008Via: AP: Japanese exports plunged a record 26.7 percent in November, the Ministry of Finance said Monday, highlighting the drop in global consumer demand for automobiles, electronics parts and other Japanese products. Economists warned that exports — a mainstay of the world’s second-largest economy — would tumble further with no recovery in sight for the […]
Deep Throat: Mark Felt Dies
December 22nd, 2008Via: AP: W. Mark Felt, the former FBI second-in-command who revealed himself as “Deep Throat” 30 years after he helped The Washington Post unravel the Watergate scandal, has died. He was 95. Felt died Thursday at his home in Santa Rosa under hospice care after suffering from congestive heart failure for several months, said family […]
Banks Not Disclosing What They Did with Bailout Cash
December 22nd, 2008Total, blatant, shameless, top to bottom fraud. Via: AP / CNBC: It’s something any bank would demand to know before handing out a loan: Where’s the money going? But after receiving billions in aid from U.S. taxpayers, the nation’s largest banks say they can’t track exactly how they’re spending the money or they simply refuse […]
