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EmailFriday, November 20, 2009, 11:49 am, by DailyDigest
- Country At A Crossroads
- Inflation, High Taxation or Default
- Gun sales shoot up amid America’s fear of rising crime and terrorism
- Rep. DeFazio: Fire 'Timmy' Geithner
- Gold's 'Money' Value is $4,000 to $11,000: Market Strategist
- Biden On The Bailout: Socialism For The Rich, Capitalism For The Poor
- Student Fee Hike Fuels Mass Protest At UCLA
- Housing Crisis Hits A Whole New Level
- Breaking Down Fannie Mae's Deed For Lease Program
- Judge Rules Gov't May Be Liable For Billions In Katrina Claims
- Food Banks Struggle Amid Record Demands
- Maine's New Wind Plant Goes Online
- Houston Launches Program For Electric Car-Charging Stations
- Clean Green Texas
- New Twist In Vertical Gardening: 'Edible Walls'
Economy
Country At A Crossroads (pinecarr)
“For the moment, the cheap liquidity has saved Wall Street. To the delight of the Goldman Sachs, et al., the Fed has created a boom in financial assets, including equities, bonds and commodities. These rallies have stimulated a nearly universal belief that the worst has past. This feel-good attitude could be clearly seen on a recent cover of The Economist that read: "After the Storm - How to Make the Best of the Recovery."
But, to many people, life looks increasingly desperate. Official U.S. figures admit to some 15 million unemployed. Despite the massive stimulus packages, American consumers are still in shock and not spending as they once did. Already, the fall in consumer demand is larger than that of the early 1930's. The authorities now face a moment of truth: admit that they don't have the power to bring the consumer back to life or redouble their efforts, consequences be damned.
Inflation, High Taxation or Default (nncita)
Knowing that nearly 30 percent of Western countries’ economies are now made of "economic zombies" (financial institutions, companies and even states, whose signs of life are only due to central banks’ liquidity injections), it is possible to confirm the inevitability of the “impossible recovery”. The international and social (within each country) « everyman for himself » rule is beginning to prevail, as well as a general impoverishment of the ex-Western world, United States in the first place. In fact the West is being scuttled by leaders unable to face the reality of a post-crisis world, who keep resorting to methods from yesterday’s world despite their proved inefficiency.
Gun sales shoot up amid America’s fear of rising crime and terrorism (nncita)
Mike Golden, chief executive at Smith and Wesson, is sceptical about the so-called Obama effect on gun sales, believing that his company’s booming revenues have “nothing to do with the administration” and everything to do with the economy. “People are worried about personal protection with unemployment and crime on the rise,” he said in a presentation to investors, adding that 30 per cent of customers who had bought the company’s guns in the first half of this year were “first-time gun owners”, up from 9 per cent nine a year earlier.
Rep. DeFazio: Fire 'Timmy' Geithner (nncita)
DeFazio said that there is a growing consensus among the Congressional Progressive Caucus that Geithner needs to be removed. He added that some lawmakers were "considering questions regarding him and other economic advisers"
Gold's 'Money' Value is $4,000 to $11,000: Market Strategist (nncita)
In the '80s, our creditors were Japan, Europe and the [Arab states]—and the three of them were utterly dependent on the U.S. for their national security. China is now the U.S.' main creditor and they don’t depend on America for national security, said Rickards. So the U.S. "doesn’t have a lever" to keep China "in line" economically or force Beijing to buy Treasury securities.
Biden On The Bailout: Socialism For The Rich, Capitalism For The Poor (M.W.)
In an interview with Jon Stewart on Comedy Central's The Daily Show, VP Joe Biden acknowledged the anger and frustration many taxpayers feel over the way financial institutions seem to have favored status in Washington DC (Video).
Student Fee Hike Fuels Mass Protest At UCLA (M.W.)
Officers in riot gear stood by as hundreds chanted and marched to protest 32% fee Increase for UC students.
Housing Crisis Hits A Whole New Level (M.W.)
What began as a crisis among home owners with bad credit and subprime mortgages has spread to the those with traditionally safer fixed-rate mortgages.The Mortgage Bankers Association said Thursday that a record one in seven U.S. mortgages were in foreclosure or delinquent. Worsening the problem, millions of unconventional mortgages are due to reset in the next two years.
Breaking Down Fannie Mae's Deed For Lease Program (M.W.)
Fannie Mae recently announced a new program designed to keep mortgage-challenged borrowers in their homes. The Deed for Lease program allows qualified borrowers to relinquish the deed to their property and rent their home at the market rate for 12 months.Our team has broken down the program to show you what to expect for borrowers, tenants and property managers.
Judge Rules Gov't May Be Liable For Billions In Katrina Claims (M.W.)
The federal government could be vulnerable to billions of dollars in claims after a judge ruled that the Army Corps of Engineers' failure to properly maintain a navigation channel led to massive flooding in Hurricane Katrina.
Food Banks Struggle Amid Record Demands (M.W.)
Hunger relief advocates came to Congress on Thursday and painted a bleak picture of a country struggling to meet an increased need for food assistance at a time of high unemployment. "In our 42-year history, we have never witnessed a demand for our services like we are seeing now."
Energy
Maine's New Wind Plant Goes Online (M.W.)
Maine's $14.5 million Fox Islands Wind project officially goes online today with a ribbon-cutting event, marking the completion of Maine’s first island wind project; the largest community-owned wind project on the East Coast.
Houston Launches Program For Electric Car-Charging Stations (M.W.)
Mayor Bill White and local electricity retailer Reliant Energy have launched a plug-in hybrid program that includes 10 vehicle-charging stations around the city. Seven of the stations will be available to the public, and electricity will be free the first year.
Clean Green Texas (M.W.)
Move over California. The amazing growth of Texan wind power proves renewables can be a real global player Whenever you hear someone say that renewable energy will never account for a significant proportion of global energy consumption, just refer them to Texas.
Environment
New Twist In Vertical Gardening: 'Edible Walls' (M.W.)
Edible walls — metal panels filled with soil and seeds and hung vertically, may sound like a piece of Willie Wonka’s chocolate factory. In fact, they are the latest development in green roof technology.
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you know how you can tell that Al Gore invented the internet?
Its full of al-gor-ithms
Realistically the only way they could reduce greenhouse gas emmisions is by destroying the current economic system, which they arn't so they can spend all the money they want it won't do a thing.
Really they should be doing everything to get people to consume less and use draconic rationing measures so north america can become oil independant. That would greatly reduce the greenhouse gas emmisions, but instead were doing the opposite and it is being greatly encouraged.
http://www.realclimate.org/index.php/archives/2009/11/the-cru-hack/#more-1853
[Ed. note: Removed. Violence isn't what we're about here]
Families and business and no one ever discusses the other side of the coin.
Global warming is based 100% on junk science. The most vocal promoters are not interested in the details of physical science. They are interested in two things: political control over the general public and the establishment of international socialism.
Junk Science vs. Real Science
For a detailed, footnoted, 12-page article, written by three scientists, two with Ph.D's from CalTech, click here.
This paper was sent to tens of thousands of natural scientists in the United States.
Over 31,000 scientists have put their reputations on the line and signed a politically incorrect petition opposing the 1997 Kyoto agreement or protocol. Here is a photocopy of a signed petition.
Socialism's Last Stand
The global warming movement is not about global warming. It is about the creation of an international political control arrangement by which bureaucrats who favor socialism can gain control over the international economy.
This strategy was stated boldly by economist Robert Heilbroner in 1990. Heilbroner, the multi-millionaire socialist and author of the best-selling history of economic thought, The Worldly Philosophers, wrote the manifesto for these bureaucrats. He did this in an article, "Reflections: After Communism," published by The New Yorker (Sept. 10, 1990).
In this article, he made an astounding admission. He said that Ludwig von Mises had been right in 1920 in his article, "Economic Calculation in the Socialist Commonwealth." Mises argued that without private ownership, central planners could not know what any resource is worth to consumers. With no capital market, the planners would be flying blind.
http://www.garynorth.com/public/5156.cfm
And oddly enough As plain as it comes, the newly "elected" cnut that is the EUSSR president confirms the desire for a one world government, a New World Order of worldwide oppression and the spread of worldwide Communism. If it didn't hit you what the EU project is all about, the new EU "president" confirms it for you in this clip.
http://www.youtube.com/watch?v=hXWeOa-FuyM&feature=player_embedded
There is a big difference between being mad and murdering people. Even people who seem like they deserve it.
I would expect that Geitner and Blankein have excellent personal protection - the Secret Service is part of the Treasury after all. GS is probably similarly well guarded. Although the first car bomb was actually an exploded hosedrawn cart on Wall Street, when Italian anarchist Mario Buda parked his horse-drawn wagon filled with explosives and shrapnel near the corner of Wall and Broad streets in New York City, directly across from J P Morgan Company. The explosion killed 38 and wounded 200.
I respect your constitutional right to free speech, but it does not give you the right to yell fire in a crowded theater. Your statements may amount to sedition, so be very careful. See the Sedition Act of 1918.
se⋅di⋅tion:
–noun
1. incitement of discontent or rebellion against a government.
2. any action, esp. in speech or writing, promoting such discontent or rebellion.
The global warming debate annoyes me very much. Mankind does not have enough historical knowledge to conclude whether the current weather patterns are influenced by man or not. HOWEVER, regardless of who is right or wrong, we cannot ignore the fact that we need to reduce the impact we are having upon this planet. People are too busy arguing with each other and missing the main point. Surely nobody can argue against reducing man made pollution?
The other problem is capitalism and the environment cannot co-exist. As stated above, capitalism needs growth for the model to work. But continual growth eventually causes problems such as too many people, not enough food, scarce resources and a polluted planet.
Life as we know it cannot continue as it has done for the last century or so. I don't know what the solution will be. Hopefully those in charge don't spend "too much time fiddling while Rome burns."
"Global warming is based 100% on junk science. The most vocal promoters are not interested in the details of physical science. They are interested in two things: political control over the general public and the establishment of international socialism."
I challenge you to walk through the halls of any geology department and see which corporate names are on all the awards hanging on the walls; look at who is funding the research.
I don’t know who the hell you are, but as these forums get bigger, as the work like Dr. Martensons gets more credibility and gains some form of critical mass, the forums start to get bogged down with drivel like this. I have noticed it on many forums over recent years.
Please take the time to get more informed before posting this stuff. What science exactly is poor science? What study do you quote, peer reviewed studies only please, which lead you to say what you do about the quality of the climate science? what books have you read that lead you to say what you do?
I think that any half-whit can see that if there is a bigger plan here it is socialism for the rich and failed capitalism for the poor.
i am with you on one thing, i am no fan of al gore. in my mind his whole career is compromised, his whole family is compromised. he forfeited his right to be part of this debate when he decided to profit from this bloody mess. i challenge you to find any one family more responsible for this mess than the gores. they are in bed, and have been for decades, with big oil, big tobacco and now big carbon credits.
yes, you are right, this debate over global warming is not entirely about the science. if you took the time to read the science you would not have made the posts you have, but that aside it is now very much a debate about the system itself. the present system must change as the system is based on cheap energy produced by coal and oil. as mat Simmons says, cheap oil is economic fuel.
if you want to challenge the science then do so by quoting real published papers by scientists not in the employ of big oil or big coal.
Straight, Brisbane.
Gordon Gekko; "The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit." Mahatma Gandhi; "Earth provides enough to satisfy every man's need, but not every man's greed”