24 November, 2008

Joel Magnuson: Mindful Economics
Posted: 23 Nov 2008 10:16 PM CST
Dandelion Salad talkingsticktv Nov 19, 2008 Interview with Joel Magnuson author of “Mindful Economics: How the U.S. Economy Works, Why It Matters, and How It Could Be Different” given November 9, 2008 on Mind Over Matters, KEXP 90.3 FM Seattle. more about “Joel Magnuson: Mindful Economics”, posted with vodpod . see Peter Schiff: Fast Money Paulson’s Cascade of Lies by Michael Hudson […]
feeds.feedburner.com/~r/DandelionSalad/~3/463475857/

TH*NK*NG (the NUMBERS)
Posted: 23 Nov 2008 02:38 PM PST
by Fred Cederholm
I’ve been thinking about the numbers. Actually I’ve been thinking about taxes, the bailouts/ costs/ NOLs (Net Operating Losses), incentives, and refunds. We are in deep “do-do!” The numbers in the NEWS relating to the bailouts, financial and economic fixes, Net Operating Losses/ write offs, unemployment/ layoffs/ downsizings, and deficits are astronomical. Numbers – unless they have a dollar sign in front of them, they impact your immediate household (or business), or you are an accountant like me – might seem boring. ABSOLUTELY NOT TRUE… so please bear with me here.
feedproxy.google.com/~r/AtlanticFreePress/~3/
wRM4tSjThSE/6206-thnkng-the-numbers-.html

Peter Schiff: Fast Money
Posted: 23 Nov 2008 09:47 PM CST
Dandelion Salad www.europac.net CNBC November 20 2008 Peter Schiff: Fast Money video: Euro Pacific Capital | Peter Schiff November 20 2008 CNBC – Fast Money h/t: Speaking Truth to Power see Paulson’s Cascade of Lies by Michael Hudson War or Peace? By Richard C. Cook The Economy Sucks and or Collapse Posted in Business, Dandelion Salad Posts News Politics and-or Videos, Dandelion Salad Videos, Economy, Politics, […]
feeds.feedburner.com/~r/DandelionSalad/~3/463469636/

Paulson’s Cascade of Lies by Michael Hudson
Posted: 23 Nov 2008 09:41 PM CST
Dandelion Salad by Michael Hudson Counterpunch Nov. 22, 2008 Locking in the Loot at the Reagan Library On Thursday, November 20, Treasury Secretary Henry Paulson presented, even by his own lamentably low standards, an amazingly deceptive speech at the Ronald Reagan Presidential Library in Simi Valley, California. In its false framing of Washington’s financial giveaway to Wall Street it […]
feeds.feedburner.com/~r/DandelionSalad/~3/463456549/

Britain set to slash tax on goods and services:
Britain was Monday expected to announce a cut in value added tax (VAT) to 15 percent from 17.5 percent to stimulate spending on goods and services as the nation faces recession.
tinyurl.com/63wvjw

Obama may delay tax-cut rollback for wealthy: –
President-elect Barack Obama may consider delaying a campaign promise – to roll back tax cuts on high-income Americans – as part of his economic recovery strategy, two aides said on Sunday.
www.reuters.com/article/email/idUSTRE4AM1F120081123

Citigroup Gets U.S. Rescue From Losses, Cash Infusion :
The $20 billion of new cash comes on top of a $25 billion infusion the bank received last month under the Troubled Asset Relief Program, passed by Congress to shore up the financial industry.
tinyurl.com/5qk9t2

All US Financials Will be Nationalized in a Year: Manager:
It’s not preferable, but all major U.S. financial companies will eventually be under government control because the alternative is so much worse, Hugh Hendry, chief investment officer at hedge fund Eclectica Asset Management, said Friday.
www.cnbc.com/id/27835645

US October home price drop is new record:
Today’s figures compare with the 4.86 million level reached in June, the lowest in a decade and 33 percent below the record reached in September 2005. Resales have fluctuated around a 4.96 million rate this year.
tinyurl.com/6mycc6

7.7 Trillion Dollars And Counting
The Cost Of “Rescuing” The US Financial System
By Hamilton Nolan
US government has pledged more than $7.7 trillion of our tax dollars to “rescue” the financial system. How much is 7.7 trillion?
www.informationclearinghouse.info/article21311.htm

You Ain’t Seen Nothing Yet
“The problems we face today cannot be solved by the minds that created them” Albert Einstein
By Mike Whitney
It is vital to realize that markets are never under some obligation to stop falling merely because they have already fallen by an ungodly amount. It also is vital to explore how bad the worst-case scenario can get and to think about how you would respond if it comes to pass.
www.informationclearinghouse.info/article21313.htm

Citibank Flips The Bird To American Taxpayers
By The New York Crank
Last week, while Congress was engineering a bailout package of the taxpayers’ money to rescue Citibank and save the economy, Citibank was sending out notices to its cardholders of a new and usurious policy – a policy that could drown consumers and help sink the economy.
www.informationclearinghouse.info/article21316.htm

Citizens’ Economic Stimulus Plan
Stop Paying Credit Card Debt
By Richard C. Cook
Almost nothing has been done to help the consumers within the producing economy who have lost trillions of dollars in the stock market crash, seen the value of their homes fall in many cases below what they owe on their mortgages, and lost jobs or health benefits through the escalating recession.
www.informationclearinghouse.info/article21315.htm

23 November, 2008

Kevin Zeese: End the Fed! + Cindy Sheehan + Ron Paul + Bury the Beast!
Posted: 23 Nov 2008 04:00 AM CST
Dandelion Salad liamh2 On Saturday, Nov. 22, 2008, an “End the Fed” rally was held in Washington, D.C., across the street from the Federal Reserve, at 20th St. and Constitution Ave. Kevin Zeese was one of the speakers at the event. He is an attorney and the Executive Director, and co-founder of the Campaign for […]
feeds.feedburner.com/~r/DandelionSalad/~3/462699379/

Russia acknowledges financial crisis has hit hard:
“It is clear that Russia will be much worse affected by the crisis than other major economies and will be affected for much longer.”
www.reuters.com/article/reutersEdge/idUSTRE4AK4L620081121

US will guarantee up to $1.4T in bank debt:
The first preliminary approval went to Ford Group Bank, whose owners include Hilltop Holdings, Inc., an investment vehicle for Texas billionaire Gerald J. Ford.
www.iht.com/articles/ap/2008/11/22/
business/NA-US-Financial-Meltdown.php

Citigroup talking to U.S. government:
Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank’s ability to survive, a person familiar with the matter said.
uk.reuters.com/article/topNews/idUKTRE4AK5D620081122

Bank Regulators Shut Down 3 Banks:
Bank regulators in two states shut down three institutions Friday — one in Georgia and two in California. They are the 20th, 21st and 22nd federally-insured operations to be closed this year.
www.newsday.com/business/ny-bzthrifts1123,0,5576250.story

US officials flunk test of history, economics, civics:
US elected officials scored abysmally on a test measuring their civic knowledge, with an average grade of just 44 percent, the group that organized the exam said Thursday.
www.chinadaily.com.cn/world/2008-11/23/content_7231331.htm

22 November, 2008

Why Washington Cannot Prevent Depression:
The dire reality: Washington is not God. It cannot save the world. It cannot prevent the next depression. Hard to believe? Here’s the proof:
tinyurl.com/6axs34

Dennis Kucinich “Racketeering On A Scale This Country Has Never Seen Before!!!”
4 Minute video
www.youtube.com/watch?v=tAaUkmAKw4A

Citigroup May Get Government Rescue, Investors Say:
Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said.
tinyurl.com/5jl9gl

In case you missed it:
Professor Ngaire Woods: The death of the dollar?:
We are living in economic chaos. Banks, homes, jobs, and businesses are at risk.
news.bbc.co.uk/2/hi/business/7684397.stm

GM May Have Weeks, Not Months, Without Aid, York Says:
Chief Executive Officer Rick Wagoner ``all but said’’ at congressional hearings in the past two days that GM can’t continue to operate until a new U.S. administration takes over in January, York said in a Bloomberg Television interview today.
tinyurl.com/5os9n2

White House to extend unemployment benefits:
With weekly jobless claims benefits at a 16-year high, the White House said Thursday that President George W. Bush would sign quickly legislation pending in Congress to provide further unemployment benefits.
www.iht.com/articles/2008/11/20/business/20usecon.php

Igor TOMBERG
Crisis, global projects and narrow-minded illusions
“Last week the world witnessed several very significant political events. The G20 meeting and the Russia-EU summit for some time pushed back the struggle for “energy independence” from Russia, which was launched in Brussels and gained support of different “young democracies”. It is worth mentioning that these countries practically do not produce energy but think they will benefit a lot without cooperating with Russia…”
en.fondsk.ru/article.php?id=1750

Titus Levi on the Detroit Bailout
“Bailout or Bust: How to Save the Big Three From Themselves” — There’s no guarantee that a bailout would save the incompetently managed American automobile industry. However, doing nothing may be worse, especially for the state of Michigan.
www.truthdig.com/report/item/20081120_
how_to_save_the_big_three_from_themselves/

Eugene Robinson on Bailing Out the Big Three
“Sooner or Later, They’ll Bailout Detroit” — The Big Three left Capitol Hill empty-handed, but they’re bound to get some kind of federal help, however grudging. In the end, I don’t think either George W. Bush or Barack Obama wants to be remembered as the president who lost the auto industry.
www.truthdig.com/report/item/2008
1120_sooner_or_later_theyll_bailout_detroit/