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According to the New York Times, the US Economy is going from bad to worse.
Markets Plunge Despite Hint of Rate Cut
Stocks plunged on Tuesday afternoon — shedding 200 points in the final hour of trading alone — despite reassurances from the chairman of the Federal Reserve, Ben S. Bernanke, that the central bank was [...]
Many Americans have chosen to live in ignorance of basic economic theory, the role of our government in the regulation of financial markets, the roles of the...
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By ATİLLA YAYLA:
The crisis in the financial markets and financial institutions that has affected the US and the UK and has the potential to slowly spread from these countries to other countries throughout the world has given the circles that hate the monster known as capitalism the chance to raise their voices once again.
Opponents of the concept of a market economy, both right wing and left
Most philosophers think that the past is one of the greatest sources of answers to present questions. For instance, in the world of the housing industry, the collapse of the subprime market actually started the foreclosure crisis. If you have been confused with this nationwide problem, it will be better if you learn about what happened.
High prices rather than tightening credit conditions are curbing Canadian home buyers’ enthusiasm, says a new Desjardins Economic Studies report that argues Canada is not headed for a U.S.-style housing market collapse. “Price advances had been supported by fundamentals - strong employment and low interest rates - not softening credit conditions. Canada’s real estate market [...]
The global credit crisis has had its share of impact on the commodities sector both in India and globally which was not the case in the first half of 2008 when the sector seemed to be insulated from the crisis.
There were major corrections in commodities prices, including precious and base metals and crude oil on [...]
Some commentators are suggesting that the current financial crisis could cause an unprecedented fall in the value of the dollar.Reasons Why Dollar Could Collapse1. Switching Reserves away from the Dollar.The US is currently the world's reserve currency. Central banks currently hold upto 90% of their foreign reserves in the dollar. However, as the US economy and finance sector looks very weak, it m
The Associated Press reports that the House of Representatives took time out today to recommend (by voice vote) that Jack Johnson, the first black heavyweight champion, "should be granted a presidential pardon for a racially motivated conviction 75 years ago that blemished his reputation and hurt his boxing career." Johnson was convicted of violating the Mann Act in 1913 and fled the country. He t
There was a mine in a small town that completely collapsed. One of the engineers who miraculously survived the disaster went into the local watering hole.The bar was empty except for one lonely soul at the other end of the bar. "Hey bartender" said the Engineer, "I'll have a beer and pour another one for my friend down at the end there."The bartender responded, "I'm sorry sir but that guy's a comm
There was a mine in a small town that completely collapsed. One of the engineers who miraculously survived the disaster went into the local watering hole.The bar was empty except for one lonely soul at the other end of the bar. "Hey bartender" said the Engineer, "I'll have a beer and pour another one for my friend down at the end there."The bartender responded, "I'm sorry sir but that guy's a comm
This week’s events have severely shaken the confidence of many in the U.S. economy, our currency, and world wide markets as a whole.
Many politicians seem certain that times will get a lot worse. Even Jim Cramer and other uber-investors seem to be pointing toward a very bad time for our nation.
This situation got me thinking. [...]
Many of us are concerned about the future of social security. We have a legitimate reason to be concerned. With the population of the country growing older and the costs increasing every year it is not hard to see that eventually the tax payers may not be able to support the benefits. Plus if you look at the state of the financial market right now with the government proposing a bailout of the
NEW DELHI: Mumbai-based Kalpesh Malhotra (name changed) was on top of the world when he joined the iconic investment bank, Lehman Brothers, early this year. He was among the select few, picked after a rigorous recruitment session, from one of India’s premier B-schools at a salary of Rs 18 lakh a year.But in a matter of months, the dreams of a great future, global business travel and meetings wit
Amazing incident occurred on the U.S. stock market last week. In the financial newsletter Bloomberg got news that the airline United Airlines has applied for bankruptcy. Bear market responded predictably, and stocks immediately fell down. Within a few minutes, the total capitalization of the company fell by about $ 1 billion only after five to ten minutes, people figure out what's wrong: to trader
Laing Blames AIG On Globalization:
By TAMARA McKENZIE -
Nassau, Bahamas:
After American International Group (AIG) – one of the world’s most prominent insurance companies – had to be bailed out of massive debt on Wednesday by the Federal Reserve Bank of America, Minster of State for Finance Zhivargo Laing attributed the collapse to globalization.
"It was globalization that put AIG in a pos
The worst financial crisis since the Great Depression has forced the Federal Reserve (the Fed) and central banks in other countries to inject billions of dollars into the world's banking system in an urgent bid to cut total global financial collapse.
The Fed injected as much as $180 billion into money markets overseas. Meanwhile, in the domestic area, the New York Federal Reserve acted to ease a
You should be.If you do not yet understand how bad things are getting, then you need to read this article:The Financial System Is Collapsing And Neither John McCain Or Barack Obama Can Do A Thing About ItWe also found this political cartoon today which sums things up almost perfectly:
As with most U.S. financial troubles in the past 12 months, the Lehman Brothers collapes too has spread to the UK with thousands of jobs already lost.
Some of Britains biggest companies were shaken as worry spread across the capital’s financial district. Volatile trading ensued as the market headed for a 2nd day of losses during [...]
We teach the Great Depression as history. We teach that after so many American banks went bankrupt in the 1930s, the government instituted proper regulation so that banks would never be able to fail and confidence will always be maintained in the banking system.For a long time, this notion of banking infallibility was well ingrained in the national psyche. It was just taken for granted that banks
Super Collapse is back again - and I do not think the fun! The third chapter of this highly addictive series has more action and surprise than ever. Adventure expected as you explore 10 fun and unique in our land all the news so Quest. Earn coins in the strategic path to purchase items in the store, or take a break and try their luck in one of the 10 mini-games at the Casino. And for the true afic
In recognition of the OC Register's San Clemente high-end foreclosure tour, we're going to post today on a luxury Ladera Ranch foreclosure property.19 Dennis Lane, 92694Asking price: $1,600,000 Asking price/ sq ft: $350Bank purchase price: $2,002,160Purchase date: 6/27/07Size: 5 beds, 5.5 baths, 4,576 sq ft (built in 2005)MRMLS: C08062676 (127 days on Redfin)ZipRealty price
Despite early signs of a turn in the housing market, prices still have a long way to fall. In fact, we’re probably only halfway there.
There’s no perfect valuation metric for houses, but two measures–price-to-rent and price-to-income–are the best we know of. Asha Bangalore of Northern Trust provides recent charts of both, and a quick glance [...]
(haz clic en la imagen para descargar)*Nota: De este disco en adelante, cada vez que recomiende y suba disco a este blog, no incluiré reseña. Después de leer algunas de las mías, me di cuenta que a veces por tratar de describir lo que escucho, tiendo a cargarme al lado creativo del cerebro, invocando metáforas, comparaciones algo fumadas y palabras domingueras que a veces pueden sonar molesta
Columbian Bank and Trust Co. of Topeka, Kansas, was closed by U.S. regulators, the nation’s ninth bank to collapse this year amid bad real-estate loans and writedowns stemming from a drop in home prices.
The bank, with $752 million in assets and $622 million in total deposits, was shuttered by the Kansas state bank commissioner’s office [...]
Juan Santos writes some great pieces in his fourth-world blog.
The good news is that the death system is dying. It could come to no other end.
The bad news is that it has become so all encompassing that there is nowhere left to run if we were able to escape it. Escaping global warming would be [...]
LONDON -- The global financial crisis is set to get worse, with a large U.S. bank likely to collapse in the next few months, a former International Monetary Fund chief economist has warned, the BBC reports on its Web site Tuesday.Kenneth Rogoff said that despite hopes that the U.S. economy had turned the corner, it was "not out of the woods.""I would even go further to say "the worst is to come',"
By Jan DahintenSINGAPORE (Reuters) - The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday."The U.S. is not out of the woods. I think the financial crisis is at the halfway point, perhaps. I would even go further to say 'the worst
This video may be about the US but I'm guessing it also applies to the UK. We may think we are richer than previous generations, but in fact we are spending more on housing, healthcare and have more debt, even though we generally have two parents in work. The problem with having two parents in work is we have no slack in the system. If one parent falls ill or loses their job, we pretty quickly r
Who here DOESN’T love Pandora???
Pandora is threatening to shut down its services due to having to pay ridiculously high royalty fees to recording companies who are actually benefiting from Pandora which provides free marketing for its artists.
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Suspicion over the collapse of Bear Stearns is centring on a massive options trade, beneath than two weeks afore the celebrated investment coffer went beneath in March, by which a individual broker fabricated a accumulation of added than $270m (£141m) on a bet adjoin the company's allotment price. In a "whodunnit" that has absorbed Wall Street for months, abounding traders and chief admiral at Be
I've been watching the Canadian Dollar very closely over the past month because I felt a large move was about to take place due to the contraction in volatility. As you can see this forecast turned out to be right on the money as the C-Dollar had a massive sell off along with the Australian dollar this past week.
Yeah yeah, first post.
Oxford Collapse’s third studio album, their first on indie label Sub Pop has become one of my favorite albums, which is why I picked it for the first review.
A decidedly melodic indie offering, the combined vocals of Michael Pace and Adam Ritzer aren’t exactly stunning, but get it done. Riffs on [...]ShareThis
We'll look more at this tomorrow, but the Mets and Phillies finished up their series a few hours ago with New York taking today's game, 3-1.While the games showed how close the two teams are talent-wise, little else can be gleaned from past three days. If anything, it reinforced what we already know about the NL East rivals:The Mets:They have a Jekyll & Hyde bullpen. One day they look like C
From the video we can see that our money at US banks are actually very safe up to the amount the FDIC insured. The action of FDIC is really quick.
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Tuesday 15 July 2008 HIDDEN SCANDAL OF FREDDIE MAC PENSION SCAM IS HEREBY EXPOSEDRUPERT MURDOCH THREATENED, TO KEEP THE LID ON THIS EXPLOSIVE SITUATIONBy Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York. TWO FOREIGN POWERS CONFIRMED TO BE BEHIND THE CRISISLONDON, 15th July 2008: It will be recalled that
Well, it wasn’t long before all those recalled FDIC employees were put to good use. From MarketWatch tonight:
IndyMac Bancorp Inc. became the biggest casualty of the subprime mortgage crisis on Friday, as federal regulators shut down the troubled Pasadena, Calif.-based savings bank in one of the largest U.S. bank failures ever.
The Federal Deposit Insurance Corp. [...]
The “talk of the town” this morning is the massive overnight plunge and devastating losses in 2008 for government chartered mortagage companies Freddie Mac (FRE) and Fannie Mae (FNA). Also, Federal National Mortgage (FNM) has shown a very similar pattern.
Let’s look at Freddie Mac (FRE) Monthly:
What’s curious about this chart is the absolute destruction to [...]
The 26 candidates in the Haltemprice and Howden by-election will not share a stage at the count after fears it could collapse under their combined weight. Health and safety reasons, or egg-on-face reasons?I'm not sure what this election is all about now. I still stick with David Davis and his stand against the terrors of New Labour and their sinister attitude towards freedom and liberty. Its now p
1. Electric Art2. The Birthday Wars3. Vernon-Jackson4. Young Love Delivers5. Back of the Yards6. A Wedding7. Featherbeds8. For the Winter Coats (Kids)9. Men & Their Ideas10. Children's Crusade11. John Blood12. B-Roll13. I Hate Nobody www.myspace.com/theoxfordcollapse
Sokwanele:The new week dawned with even more dramatic news. The USD, trading at over 30 billion to 1 on Friday opened the day at over 60 billion.As the cash crisis grows, the disparity between the street and the business rates widened as the former relies on the availability of hard cash. When it is in short supply, desperate relatives of economic exiles compete for the ever diminishing ZWD by re
Man’s love affair with honey is now threatened by a phenomenon known as Colony Collapse Disorder (CCD).
Bee colonies worldwide are mysteriously declining at alarming rates. US beekeepers estimate the loss of managed colonies at 36% from 2007, following a 31% loss from the year before.
Bees exhibit a peculiar behavior - when an individual feels unwell, [...]
The next stage of the mortgage debacle is only starting to rear its ugly head and all early signs tell us that this is going to be even worse than the subprime mortgage collapse. We need to remember that the subprime mortgage debacle was only one facet of a global debt boom that has [...]Related Posts:■When will my home cost me an ARM and a leg?■The Genesis of the Credit Bubble: Advertising,
Carolyn Baker yet again cuts to the chase in this article.
Civilization and all of its discontents has been gestated and birthed in ego as if domination and control of the earth, its inhabitants, and even oneself is the raison d’etre-the meaning of life. Civilization and the empires it has endlessly created have been constructed on [...]
A TNA crew worker who was helping to break down TNA’s set fell 20 feet to the ground when some scaffolding collapsed. The incident occurred shortly after the PPV went off the air.
Local police and the fire department were called to the scene and the crew worker was rushed to Baptist DeSoto hospital in Southaven, [...]
I have said it before and I will say it again: An economy based on lies will eventually implode. The lies just keep getting more and more outrageous and ridiculous and the media have failed their readers by going along with the flow and being a ready and willing partner in the deliberate deception and [...]
Apple (AAPL) may be short on materials for its new 3G iPhone which is set to be released next week. If the news is true, watch Apple's shares drop from their...
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The Indian Government has decided not to increase the rates of petrol and gas in the country in order to bring them more in line with the prevailing international market rates.This is a Government that is concerned more with its own political survival than the health of the nation's economy!It has only marginally increased the rates of petrol and gas.The rich will continue to zip around in cars an
America is in danger of collapse and I don’t say this lightly.
I have believed in the exceptionalism of America for as long as I could understand what that meant. Five years ago, I would have told you that our economy will recover, that times will get better, and that freedom will prevail, but now I [...]
Most people who buy a new car or truck don’t think they are making a risky bet on the commodity futures market. But they are. Just ask someone who’s trying to unload a large sport-utility vehicle purchased in the last two or three years.
The market for large, second-hand SUVs is going through its own version of the mortgage market’s meltdown - and for some of the same reasons. GM
Another huge crane has toppled in Manhattan, and this one has already claimed the life of at least one construction worker.The crane, attached to a building in the area of East 91st Street and First Avenue, is believed to have toppled at 8 a.m. this morning at least 20 stories — perhaps as many as 25 stories. In addition to the one reported fatality, there are also reports of numerous serious in
David Schoetz and Richard Esposito:A construction crane toppled onto a New York City street this morning, killing at least two people after ripping open the side of a 23-story apartment building.At least 100 firefighters and rescue personnel were sifting through the debris for possible victims. At least one person was seen being carried from the site alive. "It was like a big crash coming down. A
(updated below)
It was not but 12 hours ago that I suffered through a special meeting of Community Board 2 in Manhattan where I heard a representative of the city’s Department of Buildings tell us that they had just finished a citywide inspection of every construction crane of every type now in operation. This was supposed to reassure us that all of the cranes were found to be safe.
About an hou
After watching another short excerpt of a Warren Buffet speech, I thought I may quickly summarise the collapse of the famous Hedge Fund, Long Term Capital Management. But First, Watch this excerpt, it is both funny and informative.
I have sourced most of the information below from an excellent paper done by Gregory Connor and Mason [...]
The collapse of Wall Street would cause the same catastrophe for all markets at the same time. We are talking about that topic just to warn you, not for fear, and to pay more attention to what’s going on and what’s going to be. It is very important to listen to the market’s [...]
The fracture of poorly designed gusset plates connecting beams on the Interstate 35W bridge that collapsed in August in Minneapolis contributed significantly to the deadly disaster, the head of the...
Create And Construct Environment With Harmony
I saw this political cartoon online today and I just had to share it with you all.It just struck me as being so true.Today our nation is so caught up in so many meaningless issues, while the massive mountain of debt that our society is built on is about to collapse.You don't believe our financial system is about to collapse? Just check out the charts on this article that I wrote a few days ago:-2-
י'ב באייר תשס"חMab 13Central Yo-Yo Pole Collapses, Failing To Support RidersFoxnewsANGELS CAMP, Calif. — A carnival ride at the annual fair celebrating the popular Calaveras County jumping frog contest collapsed Friday, injuring all 24 people aboard.Three were airlifted to hospitals in Modesto and Sacramento, but the extent of the injuries was not immediately known, said Sgt. Dave Sea
“So who - or what - is to blame for what’s being called the greatest financial crisis since the Great Depression? Strangely it’s all tied back to not only derivatives… but also the currency markets. Or more specifically, the carry trade.” — Jack Crooks
Blogger’s note: Jack Crooks sent [...]
After resolving my site problem, I decided that all my sites will be re-installed. Major re-do. I wonder if I will actually get down to it. I have a problem. The user wants all the categories in the view to be collapsed. Not a problem.
The user also wants the selected view name to be highlighted [...]
After reading the article Opes client loses court Bid, by Chris Zappone in the SMH and the Age, I had a desire to not only consider a career in popular legal journalism but to write a blog about the ANZ Bank, Beaconwood Securities and the rest of the companies and individuals that have been affected [...]
As if we needed any other kind of proof that John McCain is a asshole. There's this: Quote: ALLENTOWN, Pa. - Republican John McCain said Wednesday that the bridge collapse in Minnesota that killed 13 people last year would not have happened if Congress had not wasted so much money on pork-barrel spending Federal investigators cite undersize steel plates as the "critical factor" in the collapse of the bridge. Heavy loads of construction materials on the bridge also contributed to the disaster that injured 145 people on Aug. 1, according to preliminary findings by the National Transportation Safety Board. "The bridge in Minneapolis didn't collapse because there wasn't enough money," McCain told reporters while campaigning in Pennsylvania. "The bridg
In view of the recent stolen tower beams and today's 35-metre tall aluminium alloy tower (also known as an emergency restoration system) collapse in Sabah (full story here). Karambunai state...
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The collapse of Inside Track, which has been running property seminars around the UK for the past few years, promising attendees the ability to ‘get rich quick’ should come as no surprise given the current state of the credit, mortgage and housing markets. The scandal is that so many of these companies are allowed to [...]
From: “Financial” Crisis? Our leading financial institutions have gone over the line, the result being what financial reporters call a “crisis”. This is not a question concerning economic orientation. These are questions of morality, criminality and national character. The major-league bunko artists that have brought this nation to the brink of ruin took their lead from practices perfected down on the farm. In the minor leagues of high finance, certain sectors of our lending establishment have long feasted on the desperate and naïve elements of our society living from paycheck to paycheck. These seedy practices are widespread and readily apparent in the car- loan, check cashing, credit card, student loan, and paycheck loan operations that prey on these despe
Microsoft Windows Operating System is the world’s most widely used operating system. It is easy to use as compared to other operating systems like Linux or Mac, and this made it immensely popular. More than 20 years after its first release, researchers now predict the collapse of the Windows OS within the next two [...]
Depressing times ahead for the US.They are working harder for more debt. 'It's the economy stupid.'Distinguished law scholar Elizabeth Warren teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class. Series: "UC Berkeley Graduate Council Lectures" [6/2007]
By Brain Wallstin [03.12.08] - 1992 reads Normally, this is a slow time of year for the Winooski-based Vermont Student Assistance Corp., which loans hundreds of millions of dollars annually to parents and students looking to finance higher education. But the latest crisis on Wall Street has the state’s largest student lender scrambling to secure $190 million to meet the demand for loans it expects to make this fall. The apparent collapse last month of the auction-rate securities market, which VSAC relies on to finance its lending, poses no threat to students who have already borrowed, said Scott Giles, the agency’s vice president of policy, planning and research. However, it has threatened the short-term financial viability of VSAC, which currently lacks nearly hal
Shares of Crocs collapsed falling over 43 percent after the company posted that it would release lower then expected earnings. The company announced Monday that it only expects to earn between $195 to $200 million significantly lower then its previous prediction of $225 million.
The financial and economic crisis now upon us is by far the most menacing of the past century - even more so than the Great Depression of the 1930s. It is not just a "subprime" crisis; it is systemic - affecting the entire financial system. It is also global, affecting various countries in various ways but affecting them all. In achieving a certain "globalization", we have been uniquely successful in globalizing collapse, chaos and misery. It is a globalization which, in our short-sighted negligence, we never envisaged. In this crisis, even a country such as Australia is no more than a subordinate, neo-colonial, financial and economic dependency. In essence, we have reverted to what we were before and during the Great Depression of the 1930s, when Whitehall, Westminster and the B
Hedge Fund CollapseHedge Fund Tequesta CollapsesFortune examines "The Death of a Hedge Fund", specifically the Tequesta Mortgage Hedge Fund.Tequesta's story is similar to other, larger hedge funds that have imploded recently when they were unable to satisfy brokers' demands for more collateral. However, Tequesta is unique for its effort to avoid the credit risk that befell other funds. Despite this fact, Tequesta collapsed when its prime broker, Citigroup, decided to pull its credit.Tequesta is remarkable because it was performing relatively well, achieving a steady influx of returns to its investors. The hedge fund was cautious in trading prime jumbo mortgage funds with low levels of default. Tequesta would have continued its success, had it not been for the unexpected stall in the ma
As the old adage goes, when America sneezes, the world catches a cold. And despite the appearance of a multi-polar world, recent rumblings in the world of global finance suggest this saying still holds. Yet, the economic downturn is having effects much wider-reaching than the world of subprime and Bear Stearns.
This week, economists noted the role of rising Asian inflation on the rise in price for a number of products sold in the U.S.. Inflation has been on the rise worldwide, but coupled with troubles in the labor market, rising costs of everyday goods are causing many to cut costs and reduce everyday spending.
Along the same lines as consumer prices, the rising cost of food is also causing worry worldwide. Whether it's due to rising fuel costs that make transporting goods to the marke
“Evidence suggests that as adjustable rate mortgages (ARMs) reset to higher interest rates, consumers in these regions - and across the country - are relying more on their credit cards to finance such day-to-day living expenses as groceries and gasoline.” — Robert Williams
by Robert Williams
Baltimore – (TFN): Late credit card [...]
Some kinds of tree usually is bought when its size has been big and mature. This size of tree isn’t sold in pot or polybag but has planted at seller’s ground.
In order to prevent your new tree is collapse or become slanted when planted in your garden, there are some tips:
After planted, give the strengthener [...]
An Opinion By Richard LourieThough the Constitution does not say it in so many words, the main task of the Russian president is to keep the country from falling apart. In taking the oath of office, the president swears to protect “the security and integrity of the state.”Russia has collapsed twice in the less than a 100 years, in 1917 and again in 1991, and there is no assurance that it won’t happen again. True, it has come back strong each time — first as the Soviet Union and now as the Russian Federation — but there are only so many times you can pull off that trick. The next collapse will surely be the last.Though flush with cash and newfound power, Russia’s leadership remains traumatized by the sinking of the Soviet Union. The real shock was how quick and easy it was. That
One of the best songs of Eminem - remix version , 50 cent with eminem really great combination of music . This is the evolution of new music soul. If you like 50 cent and eminem this is good 4 you . Video : 50 Cent - Till I collapse LYrics :[Intro]G-g-g G Unit!50 CentShadyAftermathThe Dream TeamWe gotta get the "Get Well" cardsNiggas is sickFeel thisMotion picture shitHahahaha[50 Cent]Now don't think I won't hit ya 'cause I'm popularI got a P90 ruger, gonna pop at yaCatch ya slippin', I'mma give ya what I got for yaMy clip loaded with 16 shots for yaYou ever had a hot gun on your waste and blood on your shoe'Cause a nigga went and said the wrong shit to youHomie you ain't been through, what I been throughYou not like me and I'm not like you (ha!)I'm like an animal with it when I spit it, i