Archive for August, 2011
ECB to Hold Sunday Conference Call on Crisis
August 6th, 2011Via: Reuters: The European Central Bank will hold a conference call on Sunday to discuss its response to the latest developments in the euro zone’s debt crisis, an ECB source said on Saturday.
G20 Deputies to Hold Crisis Call Saturday
August 6th, 2011Via: Reuters: Deputy finance ministers from the Group of 20 leading economic powers will hold a conference call on Saturday to discuss the crises in Europe and the United States, a Brazilian finance ministry official said. The official told Reuters the call was scheduled for 2230 GMT. “It will be an exchange of information and […]
China: “America Needs To Accept The Painful Fact That The Good Old Days Are Over”; Calls for International Supervision of Issuance of U.S. Dollars and the Creation of a Global Reserve Currency
August 6th, 2011One more time: I’d say that capital controls, some kind of IMF SDR (Special Drawing Rights) ‘Global Reserve’ confetti bucks, and a global financial crisis management organization, like the IMF on steroids are possible. At a minimum, states will try unilateral capital controls in an attempt to prevent their currencies from disorderly appreciation vs. the […]
‘More Than 20 Navy SEALS From the Unit that Killed Osama bin Laden’ Die in Helicopter Crash
August 6th, 2011Via: MSNBC: A NATO helicopter crash in Afghanistan on Saturday killing 31 U.S. special-forces troops, including more than 20 Navy SEALS from the unit that killed Osama bin Laden, and 7 Afghan commandos. It was the deadliest single combat incident for American troops in 10 years of war, according to an American official. The operators […]
S&P Downgrades U.S. Credit Rating for First Time
August 6th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Remember those Wait For The Weekends To Do It days from 2008? *chortle* I’m not sure how this is going to go. On the one hand, only a fall down dipshit believes that the U.S. actually deserves a AAA rating, or […]
U.S. Doubles Down on Afghan Air War; 650 Strikes in July
August 5th, 2011Via: Wired: In July of 2010, when Gen. Stanley McChrsytal handed over command of the war in Afghanistan to Gen. David Petraeus, air strikes had become a tool of absolute last resort. NATO planes were only making about 10 attack runs a day — in the middle of Afghanistan’s fighting season, and with an influx […]
Disclosure
August 5th, 2011Warning: This is not a recommendation to buy, sell of hold any financial instrument. Update: Out DIA That’s not a good way to pay for groceries for the month, but so it goes… — Update: WEEEE! Rally monkey pumps it, I dump it. — I’m long DIA. Stop $111.
Inside North Korea
August 5th, 2011Via: Atlantic Wire: Earlier this year, David Guttenfelder, chief Asia photographer for the Associated Press, along with Jean H. Lee, AP bureau chief in Seoul, were granted unprecedented access to parts of North Korea as part of the AP’s efforts to expand coverage of the isolated communist nation. The pair made visits to familiar sites […]
Did Crashed Lockheed Martin HALE-D Airship Have EEStor Systems On Board?
August 5th, 2011If you’re not familiar with the EEStor story, I’ve done several posts on it over the years. With regard to this HALE-D airship crash, let’s first note Lockheed Martin’s links to EEStor. This is from 2008: Lockheed Martin to Use EEstor’s Ultracapacitors for Military and Homeland Security Applications: Lockheed Martin has signed an exclusive international […]
Markets Wreck
August 4th, 2011Update: FTSE and DAX Are Down Another 2% in Early European Trading Monitoring… — Update: Expected Follow Through Sell-Off Across Asia Via: Reuters: World stock markets fell for the eighth straight session on Friday to the lowest since late 2010, with more losses feared if policymakers do not come to the rescue soon to stabilise […]
