CBC.caGuatemala mudslides kill at least 38; 2 buses hitThe Associated PressNAHUALA, Guatemala — Torrential rains from a tropical depression caused landslides that have killed at least 38 people in Guatemala — some of them rescuers trying to save people already buried under a wall of mud. In the village of Nahuala, ......
CNNObama to seek extension of R&D tax creditsLos Angeles TimesHelping businesses that invest in research and development is part of the president's broader plan for the economy. Other proposals call for increasing infrastructure spending and continuing tax cuts for the middle class. ......
The HinduFree Palestine Movement plans to send plane to GazaJerusalem PostBy JPOST.COM STAFF Channel 2 reports that organization to send aid to the Strip without flying over Israeli or Egyptian airspace; group says success based on not showing threat. The California-based "Free Palestine Movement" has announced that it plans ......
The ever insightful Don Coxe of Coxe Advisors has released a transcript of his recent discussion on why the rally is fizzling. Aside from everything else, which as usual is spot on and must read, any paper that has the following statement: "In the New York Times today, Paul Krugman got into one of his splenetic rages but he is a terrific and articulate exemplar of the post-Keynesian (that claims to be Keynesian) school, which basically doesn’t believe that government deficits are bad, (they are good) and paying for things in the next generation or the generations after it is okay where it to get us out of what...
CBC.caTaliban Vows to Disrupt Afghan ElectionsVoice of AmericaPhoto: AP A Taliban spokesman, Zabihullah Mujahid, told reporters that the balloting is just for the benefit of the foreigners who he says are occupying the country. And he urged the Afghan people to boycott the election. Some 2500 candidates are ......
The August numbers are in, and they're not pretty.... $211 billion in deficits in August, nearly a record for the year, second only to March with $333 billion. Social Security taxes (which were stolen, of course) provided a $13 billion "help". Here's the updated graph: And now Obama is allegedly going to pop up with more insanity in the form of "making permanent" an R&D credit, which will force it "on-budget." This is being sold as a "new tax incentive", when in fact it is not. Every President since Clinton has had this credit, but...
The Commitment of
Traders Report is created by the CFTC – The Commodity Futures Trading
Commission and is published weekly every Friday. This body gathers and
publishes the open futures positions on all publicly traded US futures
contracts as well as the corresponding options. The data consists of 3 main
categories.
Commercial Traders – These are the bigger players in the markets, the
smart money and consist of large firms that actually use the commodity being
traded, includes companies like…BP in the Oil and Gas Market,...
Roubini's latest media appearance, and now that the spectre of a double dip has fully arisen there are quite a few of them, is with the FT's James Blitz in which the NYU professor does a quick 5 minute summary of what he sees as the main threats to the US economy, among which are a 40%+ chance of a double dip, a sub 1% GDP growth in H2 2010, the disappearance of all stimulus pushes (and the conversion of the fiscal stimulus from a tailwind to a headwind), an awful job market, bigger bank losses, declining home prices, a drop in the stock market, widening spreads, a feedback loop from stock markets into the economy,...
Yesterday we presented Dylan Grice's thoughts on why economists and their opinions should be summarily dismissed as nothing but mere noise on the steep downward slope of a series of failed "authoritarian" policy decisions, which seek to validate one false choice after another, by presenting a hypothetical and fallacious counter-outcome as a certain reality (just consider the "apocalypse" we would be living in if Goldman had failed: of course, there is no justification for this except for what...
First, head over to http://mycountrymyass.com Then, take a few minutes and listen...... Then...... go back to the above site and look at this gent's attempt to start something. A peaceful something, that begins with you. With music. And watch for Monday..... when it's my turn....
