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Asked what we need from our G7 leaders Jim responds "well what they need to do is go down to the bar and have a beer and leave the rest of us alone, let the sound people succeed and let the other people fail".
Were it not for ever-greater increases in central-bank money and the market expectation that governments are about to make taxpayers shoulder commercial banks' huge losses, the fiat money systems would presumably collapse right away.
Sheriff begins taking away concealed weapons permits. Hundreds of letters have been sent out advising current permit holders of impending revocation. Sheriff begins taking away concealed weapons permits
[still half an hour to go] U.S. stocks fell for an eighth straight day in a whipsaw session that sent the Dow Jones Industrial Average to its biggest point swing ever, 1,000 points rocketing up.[... these roller coasters happened before the 1930'
"It won't happen all at once,... but it will happen overnight". Now you know what I meant when I said this.
Fascist Nation
You know the stuff the crazies have been shouting about for years ... well, the crashing economy is here, and hitting you right between your oblivious eyes. What are you going to do to survive? Continue applauding like a trained seal for a fish?
JASPER, Ind. (AP) — Two challengers for an Indiana congressional seat have agreed to be hooked up to lie detectors during a debate, but an official with the incumbent's party dismisses the idea as "bizarre."
The 2009 budget deficit could be close to $2 trillion, or 12.5 percent of gross domestic product, more than twice the record of 6 percent set in 1983, according to David Greenlaw, Morgan Stanley's chief economist.
By Steve Scherer - Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''
President Bush said the government's financial rescue plan was aggressive enough and big enough to work, but would take time to fully kick in. "We can solve this crisis and we will," he said from the White House Rose Garden. [nice place
Wall Street extended its devastating decline Friday as investors, still seeing no resolution to the credit crisis, sold frantically and propelled the Dow Jones industrials to their eighth straight day of losses and worst week ever.
Beginning on Sunday, September 7, when Henry Paulson unilaterally nationalized the mortgage market of the United States -- never using the word "nationalization" -- we have seen a series of Treasury and Federal Reserve interventions into
The stock has plunged 77% this year to a 10-year low. Hedge-fund clients have pulled about one-third of their money from the firm in recent weeks. The firm can't issue new debt. Morgan Stanley hopes for a planned $9 billion investment in the firm
WhiteHouse.gov - Speech Text and VIDEO
Court finds law discriminates by limiting marriage to heterosexual couples
When asked why they will not vote for a third party candidate, many people will respond by saying something like, "He cannot win." Or, "I don't want to waste my vote."
Nouriel Roubini The US and advanced economies’ financial system is now headed towards a near-term systemic financial meltdown as day after day stock markets are in free fall, money markets have shut down while their spreads are skyrocketing...
A federal appeals court temporarily blocked the release of 17 Chinese-born Muslims detained at Guantanamo Bay, Cuba, a day after a landmark decision required them to be shipped to the U.S.
Sworn to secrecy, Alaska lawmakers have begun reviewing a lengthy and politically sensitive investigative report focusing on whether Republican vice presidential nominee Sarah Palin abused her authority as governor.
In 2000, when Bill Clinton left office, the national debt was $5.7 trillion. Today, after seven years of George W. Bush, it is $9.6 trillion. Bush has almost doubled our national debt in eight short years.
European stock markets slumped in early trading Friday following massive sell-offs on Wall Street and Asia as lending rates between banks continue to rise despite this week's efforts by central banks to break the logjam in credit markets.
Continued Israeli repression of Palestinians.
If these markets do not immediately unfreeze the consequence will be that food and fuel may not flow to your grocery store and gas station.
Earth was progressively smaller as we go back in time over 4 – 5 billion years it grew from a small planetesimal to a planet the size of Mars. The increasing speed of growth increased exponentially.
Asian stocks tumbled, driving Japan's Nikkei 225 Stock Average down 11 percent, and U.S. futures slumped on concern the deepening credit crisis will push the global economy into recession. Treasuries and the yen gained.
In Newark, Ohio a 15-year-old girl has been arrested by police on charges of child pornography. Both the girl and her victim have not been identified but they are one in same person. Yes, police arrested the girl for sexually exploiting herself
On Thursday, ABC News reported a big new break in the story of illegal and unconstitutional spying that our government has engaged in for years now, except that there was nothing new in the story and the important parts were left out.
The Dow is off 40% from its high, reached October 11th, 2007. The S&P is off 43% from its high. The Russell 2000 index of small stocks, which had outperformed the broader averages for so long is off 42% from its high and 34% in the last two weeks!
The Social Security database continues to be inaccurate yet widely used for identification and voter roles verification. Just as voting machines were the major issue that came out of the 2000 election & provisional ballots were the big issue in 2004,
