EU: Agriculture ministers to hold talks on dairy crisis
2009-09-24 02:42:00 EU agriculture ministers will hold a one-off meeting to discuss the crisis in Europe's dairy sector in Brussels on October 5. Milk prices have dropped due to low demand caused by the economic crisis, prompting recent angry protests by dairy farmers.
By: Get rich
Efficient Market Hypothesis: True ?Villain? of the Financial Crisis?
2009-09-23 15:41:00 By Robert Folsom Editor’s Note: The following article discusses Robert Prechter’s view of the Efficient Market Hypothesis. For more information, download this free 10-page issue of Prechter’s Elliott Wave Theorist. When a maverick idea becomes vindicated, there’s a good story to tell. It usually involves a person (or small group of people) who courageously challenge the ...
Job Losses Aggravating the Crisis of Foreclosures (Part II)
2009-09-22 15:32:00 The prime loans mortgages are regarded as less hazardous to the subprime loans that are considered to be responsible for majority of people going homeless as they failed to repay their debts and unemployment added to their miseries. Richard K. Green, the ‘director of the University of Southern California Lusk Center for Real Estate’ observed that, “When people live in a housing market that’s dropped 30 or 40 percent, and they lose their jobs, that’s a recipe for default.” Approximately 4.3% of the homes in the U.S. were foreclosed during the second quarter. This indicates the foreclosure of at least one in 25 homes in the U.S. In the last three decades this is the maximum with overdue of loans by almost 90 days. This is the point which marks the beginning of the foreclosure proceedings. The number increased by 7.97% and this is the highest according to the record. The RealtyTrac survey conducted in Michigan, Idaho, Utah, Colorado, Georgia and Illinois is recogniz...
Foreclosure Crisis is Causing a Change of Attitude Towards Dreams and Inter
2009-09-22 14:59:00 The foreclosure crisis is causing a change of attitude towards dreams and its interpretations. Decades old indifference to dreams, that has always been given great importance in all ancient cultures, is being discarded. Serious attempts are being made to rent the veil of ignorance behind dreams. There are more cases of people suffering from nightmares ...
Job Losses Aggravating the Crisis of Foreclosures (Part I)
2009-09-21 12:52:00 Presently the filings of foreclosures in the U.S. have crossed approximately 300,000 for the 6th month at a stretch. This is primarily the result of the increasing rate of unemployment that has prevented the homeowners from paying their debts. The number of properties receiving an auction notice figured to at least 358,471. Compared to last year’s records this is almost 18% higher. There were at least one out of 357 properties which received a foreclosure filing. Compared to last year the foreclosures increased as more companies cut down on 216,000 workers in the previous month. This added to the rate of unemployment by 9.7% as observed by the Labor Department. According to Morris A. Davis, who is an assistant real-estate professor at the Wisconsin School of Business, this unemployment scenario has superseded the efforts of the government or the banks to control foreclosures. Davis observed, “The foreclosure numbers are largely unemployment related. As long as 15 million A...
The Foreclosure Related Crisis has Made More Elderly Americans Enter the Po
2009-09-17 15:19:00 The usual level of poverty among the elderly has been 10%. But currently the foreclosure related crisis has led to the numbers being doubled. More elderly Americans are entering the poverty zone. This is as per revision of a 50 year old yardstick for measuring medical expenses and area variations regarding the cost of living. More ...
How Innovation thrives in a Crisis
2009-09-17 14:05:00 In this article on the Harvard Business Site Scott Anthony explores how and why innovation is thriving in the recession. He asks, ‘How could companies prioritize developing innovation programs in the face of very real questions of fundamental survival?’ In a strange way, the scarcity forced on many companies has been a hidden accelerator of efforts to ...
Property Investment ? The Credit Crisis and ? The Future Part One
2009-09-15 08:48:00 I don’t usually print other people’s articles, but as we all start looking towards the future (hopefully having learned something from the past) I thought it appropriate to do so. This is a letter by Prudential’s COO Bernard Winograd and worth reading. I will be seeking out other opinions in the future to republish. Read more on Property Investment – The Credit Crisis and – The Future Part One…
A Saturn/Neptune quincunx and Financial Crisis 2008
2009-09-12 00:38:00 In July 2009 I made an attempt to relate the cycle of Saturn and Neptune to the 2007-2008 financial crisis, and to my own general misgivings about the original and current forms of our US government.And Saturn's 'cold water' end-of-August conjunction with US natal Neptune @ 22Virgo25, the 'grim reality' transit, has added to the general feelings of gloom in the collective. Reality is having to be faced, and it had better be! If only we could get all our Washington politicians to come clean so we could deal, right?Well, the quincunx (inconjunct), an aspect of 150 degrees, is difficult to deal with at the best of times, which financially we may say these are not. Saturn is form, Neptune is formlessness, and their inconjunct adds to the diffulties as the irreconcilable must be reconciled. Yet fulfilling social obligations and/or doing social work for the common good are two of the aspect's most positive manifestations, so with today being the 8th anniversary of the 9/11 attacks, ...
Foreclosure Crisis Aggravated Due to Missing Fixtures of Houses
2009-09-10 16:32:00 The region of Avondale experienced a home sale at $165,000 while the original price of the house was $416,000. The reason behind such a drastic fall in the prices is the aspect of fixture theft in the various regions as the thieves are making a profit out of it. John Lincoln, the real-estate agent selling such houses to the buyers commented that, “These are fixtures that are supposed to be part of the house. They basically took $30,000 out of the kitchen and left.” The special agent, Julie Halferty working on the Phoenix FBI Mortgage Fraud Task Force observed that no one can be blamed for these missing fixtures as it is very hard to signify if these fixtures have been stolen by the family members who left the house of by the neighbours. Kim Baker, the Tempe real-estate agent assumes that, “Without question, probably 85 to 90 percent of houses on the market under $200,000 have been stripped. “Appliances are the most commonly poached item, but plumbing fixtures...
Chic Food Inspired Jewelry Designs Support Food Crisis
2009-08-31 12:00:00 Your child did it first, making jewelry from cereal like Cheerios and Fruit Loops. Now a designer has taken that trend from preschool to runway, but this time, it's not actually edible so you don't have to worry about your purchases going soggy like this morning's breakfast.
Chic Food Inspired Jewelry Designs Support Food Crisis
2009-08-31 12:00:00 Your child did it first, making jewelry from cereal like Cheerios and Fruit Loops. Now a designer has taken that trend from preschool to runway, but this time, it's not actually edible so you don't have to worry about your purchases going soggy like this morning's breakfast.
Conferencia del profesor Vicen Navarro en la UIMP
2009-08-30 23:25:00 Conferencia realizada el 27 de agosto de 2009 en la Universidad Internacional Menndez PelayoEl profesor Vicenc Navarro analiza el impacto de las crisis financiera y econmica en la Europa Social, sealando que el deterioro de la proteccin social que est ocurriendo en la Unin Europea es la expresin mxima de lo que ha estado ocurriendo desde los aos ochenta, consecuencia del dominio liberal existente en las instituciones del establishment europeo. El profesor seala tambin como las instituciones de la UE y las polticas que promueven deben cambiarse sustancialmente para mejor responder a la crisis. la lnea blog | Este feed NO es comercial
By: Rayando La Lnea
El Gobierno presenta más medidas contra la crisis y amplía la prestación
2009-08-17 14:03:00 El Gobierno presenta más medidas contra la crisis y amplía la prestación a paradosLos desempleados que agoten sus prestaciones o subsidios y tengan rentas inferiores al 75% del Salario Mínimo podrán percibir una cantidad mensual de 420 euros durante seis mesesEl Gobierno aprobó hoy nuevas medidas destinadas a paliar la crisis y a proteger a los más desprotegidos, como la ampliación de 5.000 millones en la dotación inicial del Fondo de Inversión Local y la extensión de la prestación para los desempleados que estén sin cobertura.Además, el Consejo de Ministros recibió hoy el informe presentado por el ministro de Trabajo e Inmigración, Celestino Corbacho, sobre el sistema de prestación por cese de actividad de los trabajadores autónomos y otro informe sobre la futura Ley de Economía Sostenible, una norma prometida por el presidente del Gobierno, José Luis Rodríguez Zapatero, pero cuyo diseño aún se está iniciando.La prestación para desempleados que se hayan que...
Bet on Blackrock (BX): Crisis creates opportunity
2009-07-31 13:00:00 "As a private equity firm, The Blackstone Group, L.P. (NYSE: BX) makes money for itself and its investors by buying distressed companies, taking them private, turning the businesses around and selling them for a profit," explains Carla Pasternak.In her High Yield Investing, she says, "The financial crisis has created an abundance of out-of-favor and undervalued companies that have been Blackstone's bread and butter.""Founded in 1985, the private equity firm was once the exclusive preserve of wealthy private and institutional investors like pension funds and endowments."It went public in 2007 and raised a massive $4 billion in one of the largest initial public offerings on record. "The firm holds stakes in over 40 companies, manages hedge funds and other funds, and oversees corporate mergers, acquisitions, and restructurings. "BX has paid quarterly distributions of $0.30 per share since going public. Because of the difficult and uncert...
Crisis y colaboracin pblico-privada.
2009-07-22 13:03:00 {mosimage}Analizada la realidad de dos fenómenos tremendamente actuales en la Administración Local, creemos que es el momento de relacionarlos a través de algunas reflexiones en torno al presente-futuro de la situación de crisis financiera local y del instrumento in crescendo de la colaboración público-privada.
How do gamers survive financial crisis ?
2009-07-21 02:02:00 Well, it is tough times for everyone… including us gamers. Where top of the line games cost quite a bit, we need to find ways to overcome time, while at the same time being able to play quality games. As gamer, here are a few things that I have done. (And I’m NOT talking about ...
By: SlackoGamer
Google e IBM no entienden de crisis
2009-07-17 10:32:00 Mientras algunos gigantes de las nuevas tecnologas estn viendo cmo sus ingresos caen en picado y otros, directamente, las estn pasando canutas para seguir adelante, Google sigue nadando en dinero. En unos tiempos en los que unos y otros tratan de aguantar el temporal como pueden, el buscador emiti ayer un comunicado en el que anunci que en el segundo trimestre del ao ha ganado mucho ms...
Barney Blames GOP for Crisis he Abetted by Thwarting Reforms they Proposed
2009-07-09 09:33:00 Imagine how the Democrats and their allies in the mainstream media would have reacted if Republicans had succeeded in blocking the “stimulus” and the economy remained in the doldrums. If the Republicans blamed the majority party for inaction, they would accuse us of hypocrisy while lecturing us on the evils of Republican obstructionism. Although the “stimulus” ...
By: GayPatriot
El por qu Insulza aprovecha crisis hondurea
2009-07-07 03:29:00 El secretario general de la Organizacin de Estados Americanos (OEA), est vendido a sus propios intereses. Por ejemplo, es preciso que el mundo se entere que en Venezuela, Antonio Ledezma, el Alcalde Metropolitano est en huelga de hambre. Fue despojado de todas sus competencias por Hugo Chvez, lo cual es inconstitucional. Si comparamos su caso ...
Golpe militar en Honduras, derrota electoral en Argentina, futura crisis en
2009-07-06 20:04:00 Nota de Hans Dietrich sobre la conexin entre los sucesos de Honduras, Argentina y Venezuela Mi pronstico es que el epicentro del conflicto por la hegemona latinoamericana ser Venezuela, y la... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Sathya Sai Baba Sect: A Crisis of Trust
2009-07-05 00:01:00 One of the distinctive phenomena that independently confirm voices critical of Sathya Sai Baba and his cult is that his movement is eroding from within. A glance at each of these older articles in conjunction with the other highlights two important facts:
Alfredo Ascanio wrote a new blog post: Insulza y la crisis de Honduras
2009-07-04 03:06:00 Alfredo Ascanio wrote a new blog post: Insulza y la crisis de Honduras Hoy Viernes 03/07/09 Insulza, Secretario General de la OEA, visitó a Honduras para negociar…pero allí le han dicho que las decisiones de ese país son IRREVERSIBLES…así pues Zelaya no podrá volver a ser presidente de ese país centroamericano.
By: BackBeat
La crisis de Irn
2009-07-03 12:11:00 Una de las mejores imgenes que he encontrado sobre la crisis de Irn… Que opina el pueblo sobre Mahmud Ahmadineyad? SHARETHIS.addEntry({ title: "La crisis de Irn", url: "http://www.paranoias.es/la-cri-sis-de-iran/" });
Niki de Saint Phalle Braves the Crisis ? artmarketblog.com
2009-06-29 18:07:00 After the sale of three Niki de Saint-Phalle?s giant Nanas in Germany in December 2008 for ?750,000, the Paris sale last month of her Le Banc produced another excellent result.
By: Art Market Blog
Amueblar una casa en tiempos de crisis
2009-06-26 16:42:00 Eso no tiene secretos para vosotros verdad? La respuesta creis que es IKEA, sin embargo yo tengo otra: No os confundis con la foto, los tiempos de recogida de muebles de la calle terminaron en Barcelona. Ahora hemos subido un eslabn en la rdua escala social y tenemos ms clase. La respuesta se llama loquo, segundamano, o ...
BSP says RP economy remains stable despite global crisis
2009-06-17 12:48:00 The Bangko Sentral ng Pilipinas (BSP) on Tuesday said that the country’s economy remains stable inspite of the current global financial turmoil. “Kung ating natatandaan sa mga nagdaang araw, ang ating ekonomiya ay nananatiling matatag inspite of global crisis (If we can recall in the past days, our economy remains stable inspite of global crisis),” ...
Mars Mission Could Ease Earth's Energy Supply Crisis
2009-06-10 15:29:00 From ScienceDaily: Latest Science News: Techniques and instrumentation initially developed for ExoMars - Europe's next robotic mission to Mars in 2016 - but now due to fly on a NASA mission in 2018, could also provide the answers to the globally pressing issue of energy supply.
Grave crisis econmica en Cuba bajo el lema ?Ahorro o muerte?
2009-05-23 22:02:00 La crisis es tan grave en la isla de Cuba, que el rgimen de los tiranos Castro ya no tiene para pagar las deudas contradas a nivel internacional y como medidas han pedido a los cubanos que deben apretarse el cinturn bajo la consigna “ahorro o muerte”. Esto es la revolucin cubana, el socialismo, el ...
La crisis azota al sector del videojuego
2009-05-15 10:18:00 La crisis ha llegado al sector de los videojuegos, uno de los pocos que pareca inmune a la crisis econmica y financiera global y que hasta principios de ao segua exhibiendo facturaciones rcord. As lo refleja un informe de NPD Group en el que se pone de manifiesto que los ingresos se redujeron un 17% en abril respecto a los que se cosecharon en el mismo periodo del 2008. Concretamente, la facturacin de la industria del videojuego en abril fue de 1.030 millones de dlares, un 16,9% menos que los 1.240 millones de dlares conseguidos 12 meses antes. Adems, las ventas cayeron un 30% en relacin a las alcanzadas en marzo. Los problemas estn afectando tanto a fabricantes de consolas como a productoras de videojuegos, si bien es cierto que no a todos por igual. Las ventas de la Xbox 360 han descendido un 47%, las de la Wii un 43,4% y las de la PS3 un 41,7%. La nica que se salva de la quema es la Nintendo DSi, cuyo reciente lanzamiento ha permitido a la compaa japonesa vende...
Crisis y Calendarios Polticos
2009-05-11 08:13:00 {mosimage} La crisis condicionará el campo de juego de nuestros actores políticos. La imagen y valoración del gobierno Zapatero comienza a erosionarse. Son cada día más los que sospechan que tras las palabras hermosas del presidente no existe un proyecto de gestión que cimiente el futuro. El PP –que ha subido – ya le iguala en intención de voto. Hasta aquí, el guión conocido. Avancemos a continuación algo más. Dado que la crisis aún durará un tiempo – sobre todo en desempleo, ya que la actividad económica comenzará a recuperarse antes de lo que nos pintan los augures -, el desgaste del gobierno continuará durante los próximos meses. El PP se siente fuerte en materia económica y de empleo, dado que el balance de su gestión pública en esta materia fue muy positivo. Para el imaginario colectivo, la derecha es mejor gestora y ...
Etramarital Affairs wrote a new blog post: Relationship Crisis: 6 Reasons t
2009-05-08 21:27:00 Etramarital Affairs wrote a new blog post: Relationship Crisis: 6 Reasons to Get Physically Fit Relationship crises (break-up, affair, huge conflict, children problems) demand tremendous energy and often throw our lives off a healthy track - which further perpetuates our inability to respond in a healthy way to the crisis. Don't forget your body while you wrestle with a relationship or marital crisis. It is easy to let yourself go. It ... By 'survivinginfidelity'
By: BackBeat
Dave Gilmour: the hidden gigs for crisis
2009-05-08 20:14:00 News: 07-05-2009: David Gilmour is set to make an appearance at a "hidden" gig later this month, joining Mali musical pair Amadou and Mariam onstage in London. Gilmour will play at the pair's London show, set for May 25 and organised by homeless charity Crisis. The venue will be kept secret until the day before the show (May 24), when ticket-holders will be e-mailed or texted details. Money... This is a content summary only. Visit Truth In Shredding to find out more!
Por la crisis, Telefnica ampla su plan de ayuda
2009-05-05 10:13:00 As como das atrs os informbamos acerca del plan de descuentos para desocupados, ahora os cuento que Telefnica sigue ofreciendo soluciones econmicas a sus usuarios...ante la crisis financiera.Si bien antes los beneficiarios eran los desocupados, que obtenan un 50% de descuento en su factura, ahora los agraciados sern los trabajadores de grandes empresas que tengan un expediente de regulacin de empleo.Telefnica ofrecer al trabajador hacer el cambio de titularidad de forma gratuita. Asimismo, Movistar ofrecer 2000 puntos para facilitar el cambio de mvil y el descuento del 50% en la factura.Estas promociones estarn disponibles hasta 2010. En el caso de las grandes empresas el comercial se encargar de hacer llegar esa posibilidad a la empresa, pero en el caso de desempleados hay que ingresar a la pgina de Telefnica para hacer el trmite.Artculos relacionados:Telefnica lanz Play Pack Shrek Telefnica comercializa el Nokia 3110 Evolve el nico mvil ecolgico del merc...
Corto - “Crisis: El preludio”
2009-05-01 11:40:00 Recibimos un video de Burbuja Films, una joven productora de Cantabria han colgado hace poco un corto de humor sobre lo que consideramos que fue el inicio de la crisis. La verdad es que el video... [[ Esto es un pequeño resumen, pulsa en el enlace para poder ver el video. ]]
Mexico?s Swine Flu Crisis: A Time for Literary Reflection amidst Fear and P
2009-04-28 02:17:00 It is a strange image to see people roaming the streets with their faces covered by masks to protect themselves from this mysterious and ominous influenza outbreak. It seems like a scene from a post-apocalyptic movie. In ?28 days later? one had to beware of contact with infectious blood, in our case, we are paranoid of each other, no matter if it?s a friend or a stranger especially when they start sneezing or coughing. A common cold today equals ostracism in these troublesome days.Whether the whole level of fuss and panic is really necessary remains to be seen in the near future. Yet that it poses a tangible threat for most of us, especially if you are living in Mexico, is evident in daily life. Schools all across the nation have been suspended for a week; public events, including soccer games, are either canceled or take place behind closed doors to avoid spread of the virus among multitudes of people. The whole country is on its way of turning into a ghost town soon enough.Various...
By: Arash's World
La crisis termina con una de las "mujeres desesperadas"
2009-04-27 03:27:00 Ya la crisis ha llegado a los grandes estudios como ABC y Fox La crisis econmica tambin pasa factura a las series de xito. Una de las mujeres desesperadas abandona la serie de forma repentina por "una cuestin puramente financiera", ha explicado el creador de la serie. As, el asesinato de Eddie Britt (Nicollette Sheridan) acabar con el personaje de la peligrosa vecina de Wisteria Lane."Ha habido una tremenda presin sobre m para encontrar la manera de reducir costes. La cadena (ABC) est diciendo a todos las series: "La compaa est sufriendo financieramente. Tenis que hallar la forma de producir ms barato", ha sealado Marc Cherry, el creador de la exitosa serie. As, el personaje de Eddie Britt es el ms prescindible. "Edie se ha acostado con la mayora de los chicos de la calle y ha causado tantos problemas como ha podido", aadi el productor ejecutivo de 'Mujeres desesperadas'.
Medidas anti crisis raras, raras, raras...
2009-04-21 15:34:00 La crisis y la actual situación financiera agudizan los sentidos de las empresas a la hora de buscar soluciones y parches para sus problemas. El bufete de abogados Skadden, Arps, Slate, Meagher... ...si quieres seguir leyendo curiosidades, ver vídeos, o tal vez jugar o aprender cosas nuevas...
By: Salondesol
La crisis como estado permanente
2009-04-17 12:55:00 La crisis econmica espaola enlaz con la internacional y provoc la anticipada crisis de Gobierno, crisis que no ha terminado y que se expande haciendo gala del sentido polsemico del trmino. El Gobierno est en crisis, y el PSOE tambin. Zapatero demostr que ya no controla el PSOE cuando el cambio de Gobierno fue filtrado desde Ferraz y Sevilla. Unos das despus de conformarse, el que se supona que deba ser el Gobierno bombero que diese un respiro a ZP se ha convertido en una fuente de incendios descontrolados en los que se abrasan los ministros nuevos y viejos. Chacn contra Moratinos a cuento de Kosovo. El Gobierno contra el Gobernador del Banco de Espaa por haber osado manifestar sus dudas sobre el futuro de las pensiones al que tachan poco menos de turbador de la confianza an cuando no sera la primera vez que el PSOE se carga la Seguridad Social que por cierto el PP dej con superavit, pero no calificaban de antipatriota a Rajoy por predecir hace un ao el drama que ...
By: Public Boulevard
Across the United States, Waters in Crisis
2009-04-16 15:56:00 From Yahoo! News: Science News: Over the last years, up to 60 percent of lakes, rivers, streams, and drinking water sources across the United States have lost crucial environmental protections at the hands of polluters, developers, and the U.S. Supreme Court. Read the who
Trying To Avoid A Census Crisis
2009-04-03 22:28:00 This CNN story tells us the following (and I also posted here)?WASHINGTON (CNN) - A report that the Obama administration will name an advocate of statistical sampling as the next census director has set off a fusillade of Republican criticism even though that choice has not been formally announced.The Associated Press reported Thursday afternoon that the White House intends to nominate University of Michigan Prof. Robert M. Groves as the census director. Groves worked for the Census Bureau during the last census in 1990, and recommended at that time that the national head count be statistically adjusted to compensate for a possible undercount of millions of Americans.By the way, the two House Repugs caterwauling the loudest over this are Darrell Issa (apparently having grown bored with insisting on more transparency from Michelle Obama, as noted here) and Patrick McHenry (taking a break from endangering and harassing our military serving in Iraq, as noted here).And call me just anot...
Ante la Crisis Econmica: sabidura montaista
2009-03-31 00:33:00 Esperar lo mejor, prepararse para lo peor, aguantarse lo que venga. Proverbio de los montaistas - Ledo en El Economista en Piyama
Ron Paul on the Economic Crisis VIDEO
2009-03-30 23:55:00 Bankruptcy is Economic StimulusThe distraction on Capitol Hill this week has to do with the jackpot bonuses that executives at AIG recently received. The argument is over a relative drop in the bucket. The total amount of bonuses given out was $165 million. The government has put $170 billion into AIG so far. Many now are demanding we get this money back. We ought to be spending our time and effort doing something more worthwhile, like figuring out how the Federal Reserve is handling the trillions of dollars they are creating and pumping into the economy, and how that is affecting the purchasing power of dollars in your pocket.The big mistake was appropriating the TARP funds in the first place. A Johnny-come-lately bill of attainder won?t stop the spending epidemic. This whole situation is a perfect demonstration of why ?doing nothing? and letting failing companies fail would have been much better than sinking valuable money and resources into them. When a company makes a pr...
Ron Paul on the Economic Crisis VIDEO
2009-03-30 23:55:00 Bankruptcy is Economic StimulusThe distraction on Capitol Hill this week has to do with the jackpot bonuses that executives at AIG recently received. The argument is over a relative drop in the bucket. The total amount of bonuses given out was $165 million. The government has put $170 billion into AIG so far. Many now are demanding we get this money back. We ought to be spending our time and effort doing something more worthwhile, like figuring out how the Federal Reserve is handling the trillions of dollars they are creating and pumping into the economy, and how that is affecting the purchasing power of dollars in your pocket.The big mistake was appropriating the TARP funds in the first place. A Johnny-come-lately bill of attainder won?t stop the spending epidemic. This whole situation is a perfect demonstration of why ?doing nothing? and letting failing companies fail would have been much better than sinking valuable money and resources into them. When a company makes a pr...
Ron Paul on the Economic Crisis VIDEO
2009-03-30 23:55:00 Bankruptcy is Economic StimulusThe distraction on Capitol Hill this week has to do with the jackpot bonuses that executives at AIG recently received. The argument is over a relative drop in the bucket. The total amount of bonuses given out was $165 million. The government has put $170 billion into AIG so far. Many now are demanding we get this money back. We ought to be spending our time and effort doing something more worthwhile, like figuring out how the Federal Reserve is handling the trillions of dollars they are creating and pumping into the economy, and how that is affecting the purchasing power of dollars in your pocket.The big mistake was appropriating the TARP funds in the first place. A Johnny-come-lately bill of attainder won?t stop the spending epidemic. This whole situation is a perfect demonstration of why ?doing nothing? and letting failing companies fail would have been much better than sinking valuable money and resources into them. When a company makes a pr...
Financial Crisis Investing
2009-03-29 15:27:00 [This is the seventh installment of a new series that will explore ways for investors to recover from the U.S. financial crisis. To reach an archive of previous stories in the series, please just click on the series logo.]By Mike Caggeso Associate Editor Money Morning U.S. stocks just capped off their strongest two-week performance since 1938. The Standard & Poor’s 500 Index is surging toward its third straight week of gains, something it's done only three times since the bear market in U.S. stocks started 78 weeks ago. And the Nasdaq Composite Index has erased its year-to-date losses and is now is up for the year.The path of least resistance is now higher," Miller Tabak & Co. LLC equity strategist Peter Bookvar told MarketWatch.com, citing such factors as not-as-bad-as-feared economic reports, optimism over Obama administration economic fix-it plans, and a recent jump in commodity prices that “has done wonders for some of the emerging markets that depen...
Financial Crisis - Who Pays?
2009-03-27 22:57:00 Recession is nothing new. By their very nature financial markets, and whole economies, move in cycles. Highs turn to lows and then back to highs again, and there isn’t usually an easily pinpointable reason. However, the current recession is outstanding in two respects. In terms of severity this one is big, as witnessed by the massive ...
Who Created The Financial Crisis And Why
2009-03-27 22:50:00 by Steve Selengut “The Big Takeover” by Matt Taibbi is probably the best article written to date explaining the financial crisis and how we got to where we are now. Taibbi’s necessarily lengthy article explains the problems, names the “poipetrators”, and exposes all of the conflicts of interest— absolutely a must read. AIG, Goldman Sachs, and J. ...
La crisis econmica no afecta a todos por igual
2009-03-27 09:07:00 Supongo que a estas alturas ya estaris al tanto del escndalo monumental que se ha liado en Estados Unidos tras conocerse que los directivos de AIG, unos incompetentes que han llevado a la quiebra a la mayor aseguradora del mundo, han tenido la caradura de cobrar 165 millones de dlares en primas. A raz de este asunto, he encontrado esta tira cmica que explica la percepcin que tienen en EEUU acerca de cmo se estn aprovechando los mandamases de AIG -y de otras muchas empresas- de las ayudas estatales para seguir enriquecindose:Os traduzco el texto:-Achicad [el agua] ms rpido! -!Se est hundiendo! Ms tarde... -Hijos de puta...
Omaxe Concentrates on Construction Business Post Real Estate Crisis
2009-03-25 14:04:00 Bucking the downtrend in real estate, Delhi-based developer Omaxe is revisiting its construction business to keep the cash flows going. Recently the company bagged Rs 39.95 crore contracts from Haryana State Roads & Bridges Development Corporation. ?In the past six months we have received construction orders worth Rs 650 crores and we are expected to ... |
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