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Latest Articles: Business
What if foreigners quit lending the US so much money?
Post Date: 2008-04-12 23:16:13 by A K A Stone
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One of the bugaboos of the financial doom-and-gloom crowd is the worry that foreigners (China in particular, but also oil exporting countries in the Middle-East, and others) might quit buying so many US Treasury securities. If that happened, they say, the value of the dollar would plummet, interest rates would soar, and the US economy would be in terrible trouble. I say: Bring it on! I'm not the only person who isn't worried about this. Quite a few people take some comfort in the idea that dumping Treasury paper would hurt the major foreign holders worst of all, and that they'd never shoot themselves in the foot that way. The doomsters retort that, given the inflation rate, ...
There is no Tomorrow.
Post Date: 2008-04-12 23:06:27 by A K A Stone
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There is no tomorrow. Tomorrow is a euphemism for “I can’t think about that right now”. “Tomorrow, I get paid, and things will be easier.” “Next week, I won’t have so many meetings at work, and can spend more time with my family.” “Next month, I’ll have paid off one of my credit cards , and then I will have money to save for retirement.” “Next year, I’ll get a raise and then I can start saving.” “In a few years, student loans will be paid off. Then I can think about taking a vacation.” Have you ever caught yourself saying these things? “I can’t start now. It’s not the time. ...
McDonald's Now Supports The Sodomite Agenda
Post Date: 2008-04-02 08:45:26 by barkentine
4 Comments
McDonald's CEO: Company will put full resources behind gay agenda McDonald's has signed on to a nationwide effort to promote "gay" and "lesbian" business ventures. Dear barkentine, According to McDonald’s CEO Jim Skinner, McDonald’s will aggressively promote the homosexual agenda. In remarks on McDonald's Web site concerning the company becoming a member of the National Gay & Lesbian Chamber of Commerce (NGLCC), Skinner wrote: "Being a socially responsible organization is a fundamental part of who we are. We have an obligation to use our size and resources to make a difference in the world … and we do." The company gave an ...
Ten Days That Changed Capitalism
Post Date: 2008-03-27 17:12:29 by A K A Stone
1 Comments
The past 10 days will be remembered as the time the U.S. government discarded a half-century of rules to save American financial capitalism from collapse. On the Richter scale of government activism, the government's recent actions don't (yet) register at FDR levels. They are shrouded in technicalities and buried in a pile of new acronyms. [Henry Paulson] But something big just happened. It happened without an explicit vote by Congress. And, though the Treasury hasn't cut any checks for housing or Wall Street rescues, billions of dollars of taxpayer money were put at risk. A Republican administration, not eager to be viewed as the second coming of the Hoover administration, ...
Bush Establishes Financial Propaganda Council
Post Date: 2008-01-23 10:51:21 by A K A Stone
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The amount of insanity coming out of the United States government has reached a new level today. George W. Bush has issued a new executive order establishing a group called the President’s Advisory Council on Financial Literacy. The insanity of this executive order is unparalleled. The so called purpose of this Council is to keep this nation economically competitive and encourage the financial literacy of the American people. The government working in conjunction with the Federal Reserve has done everything in their power since the implementation of the Federal Reserve to ensure that the American people know nothing about how our monetary system really works. It is interesting that in ...
American Express Has $440 Million Charge for Quarter
Post Date: 2008-01-10 20:33:24 by barkentine
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American Express Has $275 Million Charge for Quarter (Update5) By Hugh Son Jan. 10 (Bloomberg) -- American Express Co., the third- largest U.S. credit-card network, will take a fourth-quarter charge of $275 million to cover rising customer defaults and forecast earnings this quarter below analysts' estimates. The stock fell 7 percent in extended trading. American Express, based in New York, said today that first-quarter earnings from continuing operations will be less than 90 cents a share, missing the 93-cent average estimate of 12 analysts surveyed by Bloomberg. American Express adopted a ``cautious view'' for 2008 after cardholder spending slowed and delinquencies rose in ...
Choco Rations Down As Hershey Outsources Production To Mexico
Post Date: 2007-12-18 07:43:52 by A K A Stone
1 Comments
As globalization and outsourcing raged outside its corporate walls, the Hershey Co. seemed cozy and secure here in the "Sweetest Place on Earth." The maker of Kisses and Kit Kats dominated the U.S. chocolate industry and manufactured its goodies in local factories. Continuing a tradition of social good, the company funneled tens of million of dollars in stock dividends to the nearby Milton Hershey School for needy children, an 11,000-acre institution with a huge endowment built on chocolate. It was, says John Dunn, a local resident and former Hershey employee, a "utopic-type existence." But reality crashed the party this year. A plunging Hershey stock price wiped out ...
GMO Seeds: 'MNCs Gaining Total Control Over Farming'
Post Date: 2007-12-14 07:47:00 by A K A Stone
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Food security campaigners are now more concerned than ever that farmers are turning dependent on large multinational corporations (MNCs) for seeds, fertilisers, pesticides and other inputs while also becoming more vulnerable to pressures to produce genetically engineered crops. Gathered here over the weekend, for the Pesticide Action Network (PAN)'s 25th anniversary, many expressed concern over the predatory nature of corporate agriculture and its attempts to corner the entire chain of food production from seeds to sales of food products. PAN is a network of over 600 participating non-governmental organisations, institutions and individuals in over 90 countries working to replace the ...
DOLLAR DECEPTION: HOW BANKS SECRETLY CREATE MONEY
Post Date: 2007-07-27 20:39:36 by A K A Stone
24 Comments
It has been called "the most astounding piece of sleight of hand ever invented." The creation of money has been privatized, usurped from Congress by a private banking cartel. Most people think money is issued by fiat by the government, but that is not the case. Except for coins, which compose only about one one-thousandth of the total U.S. money supply, all of our money is now created by banks. Federal Reserve Notes (dollar bills) are issued by the Federal Reserve, a private banking corporation, and lent to the government.1 Moreover, Federal Reserve Notes and coins together compose less than 3 percent of the money supply. The other 97 percent is created by commercial banks as ...
The Boom Is Busting
Post Date: 2007-04-02 08:30:36 by continental op
5 Comments
A year ago, middle-class Americans were charging around like so many drunken, delirious Spaniards running with the bulls at Pamplona, buying up grossly overvalued homes at two or three times their real value in what was predicted to be an "endless bull housing market." Well, the problem with running with the bulls is that sometimes you get gored. According to increasingly worried media reports, home sales and values are dropping like a rock. Biggest drop in forty years, they say. Too bad for those of you yuppie folk who bought a house for $500,000 and it's only worth $250,000 at best now--but you're still stuck paying off a half-mil mortgage. One article I found states ...
Shares Dive As Recession Looms ; Market WATCH
Post Date: 2007-02-28 09:21:34 by TLBSHOW
5 Comments
Shares Dive As Recession Looms ; Market WATCH THE FTSE 100 Index dropped to levels not seen for almost nine months yesterday as London's blue-chip stock index plummeted by 148.6 points. More than pounds 36.2bn was wiped off the value of London's top shares as the index closed down 2.31% at 6286.1 over investor fears of possible moves in China to curb its soaring economy and concerns that a US recession might be on the horizon. London's benchmark index hit 6270.5 at one point yesterday, down 164.2 points, as tensions over Iran also caused alarm among investors, compounding the effects of the tumbling Asian markets. The FTSE 100 has not fallen as dramatically in one day ...
Vampires, Money, and Economic Cycles
Post Date: 2007-02-19 07:29:31 by Jhoffa_
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Vampires, Money, and Economic Cycles Jesús Huerta de Soto has written the ultimate vampire book. He tracks these bloodsucking monsters from the first documentary records in ancient times to the modern apologia for their maintenance at public expense. At last, there is a single book that scientifically explains the origin of vampirism, the magnitude of their drain on society, and proposes a systematic plan for their humane extermination. De Soto starts out by driving a stake through the heart of the pro-vampire argument: that somehow vampires have legal rights. He goes through old legal arguments and shows that the right of a person to keep their own blood was established in Roman ...
Sleazy new debt-collector tactics
Post Date: 2006-12-21 15:04:29 by cwrwinger
8 Comments
It may not be your debt, but it could be your problem. Collection agencies are bullying blameless consumers into paying debts they never owed. advertisement Article Tools E-mail to a friendTools IndexPrint-friendly versionSite MapDiscuss in a Message BoardArticle IndexBy Liz Pulliam Weston Lisa Burk isn't Lisa Sterns, but Allied Interstate refused to believe her. The Minneapolis collection agency repeatedly called Lisa and her husband, Michael, according to a lawsuit filed by the Minnesota attorney general, and demanded that the couple pay a debt owed by one Lisa Sterns. The couple, just as repeatedly, told the collector they didn't know any Lisa Sterns and asked the company to ...
Are You Rich? If So, You Are Probably an Abused Minority
Post Date: 2006-12-20 19:28:37 by alwaysontheright
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Written by Paul Speaker Wednesday, December 20, 2006 Those familiar with luxury communities in the Bay Area’s Silicon Valley will recognize my Saratoga address as an indication that I am fairly successful--some would even call me rich. Undoubtedly, serendipity has played a role in my accumulation of wealth. However, hard work, diligence, and focused pursuit of goals are more responsible for my success than random luck. Taking personal responsibility for my life and that of my family, rather than relying on government, is another key element in my attainment of financial freedom. Because of my financial status, I am unencumbered with concerns that commonly plague American families: ...
is the bush govt hiding the fact we are in a recession?
Post Date: 2006-11-29 00:58:51 by TLBSHOW
2 Comments
The widespread assumption was that when gas prices came back down, spending would resume on such customary rites as eating out at moderately priced restaurants. One report said billions in consumer budgets would be freed up. But figures from the world's biggest casual-dining chain, Applebee's International Inc. (APPB), challenge that theory. The bar-and-grill giant posted a 3.1% decline in same-store sales for most of November - the eighth month this year of negative numbers. Coming on the heels of a disappointing November report from retailing giant Wal-Mart Stores Inc. (WMT), which attracts many of the same customers, Applebee's performance raises questions about the economic ...
Don't Shop At Wal-Mart
Post Date: 2006-11-20 19:42:09 by cwrwinger
9 Comments
November 20, 2006 Please help us get this information into the hands of as many people as possible by forwarding it to your entire email list of family and friends. Send A Message To Wal-Mart and Sam's Club, Don't Shop With Them This Friday Or Saturday Dear Steve, We have asked our supporters not to shop at Wal-Mart or Sam's Club this coming Friday or Saturday. Thus far nearly 400,000 families have agreed not to shop at Wal-Mart on those days. We suggest you shop with your local merchants. Here is why we are asking you not to shop at Wal-Mart or Sam's Club this Friday or Saturday: Wal-Mart gave $60,000 to homosexual group to support homosexual agenda in the workplace Wal-Mart made a ...
Fearing Slow Holiday Sales, Wal-Mart Cuts Prices
Post Date: 2006-11-04 08:46:12 by cwrwinger
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(This article may be an infomercial in thin disguise) ************************************************************* Fearing Slow Holiday Sales, Wal-Mart Cuts Prices By MICHAEL BARBARO The holiday shopping season is starting early this year. As in today. Expecting a grim November, Wal-Mart Stores said it would immediately slash prices on 100 popular electronics, abruptly rearranging the Christmas calendar for its customers and competitors. The drastic discounts on televisions laptops and cameras, traditionally reserved for the day after Thanksgiving, are expected to touch off a price war as discount rivals Target, Best Buy and Circuit City scramble to match the move. For Wal-Mart, the ...
Saving Democracy With Web 2.0
Post Date: 2006-10-26 22:17:43 by A K A Stone
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Hey, Web 2.0! Election Day is Nov. 7, and your country needs you. At BarCamp, SuperHappyDevHouse, NetSquared and other hacker get-togethers, scores of entrepreneurs and engineers arrive eager to collaborate, make information easier to share and use, and mobilize groups for effective action. Though it may not be obvious, the road marks in this amorphous thing called Web 2.0 are political: grassroots participation, forging new connections, and empowering from the ground up. The ideal democratic process is participatory and the Web 2.0 phenomenon is about democratizing digital technology. There's never been a better time to tap that technological ethic to re-democratize our democracy. Many ...
HP passes Dell in world PC shipments
Post Date: 2006-10-19 20:25:46 by A K A Stone
1 Comments
SAN FRANCISCO - Hewlett-Packard Co. supplanted Dell Inc. as the world leader in personal computer shipments during the third quarter, returning the bragging rights to Silicon Valley for the first time in nearly three years, according to figures released Wednesday by two influential research firms. ADVERTISEMENT Both Gartner Inc. and IDC pegged the overall third-quarter growth of the global PC market at just under 7 percent, but that trend was overshadowed by the industry's new pecking order. The changing of the guard occurred after HP's shipments climbed by 15 percent from a year ago while Dell's edged up by less than 4 percent. By Gartner's measure, Palo Alto-based HP shipped 110,000 ...
Google Profits Soar, Exceed Market Estimates
Post Date: 2006-10-19 20:22:10 by A K A Stone
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Mountain View, Calif. - Internet search giant Google on Thursday posted a 70% jump in quarterly profit to $733.4 million, and revenue almost doubled, to $2.69 billion. The results were at the top end of expectations on Wall Street and Google shares were up 7 percent in after-market trading. "Google right now seems to be running on all cylinders. They're executing phenomenally well," Jay Wong, a portfolio manager at Payden & Rygel Investment Management, told Reuters. The strong results are a testament to the fact that Internet users increasingly clicked on Internet advertisements provided through the Google AdWorks network. Chief executive Eric Schmidt has been able to squeeze ...
Are You Rich? If So, You Are an Abused Minority
Post Date: 2006-10-15 09:54:56 by alwaysontheright
0 Comments
Those familiar with luxury communities in the Bay Area’s Silicon Valley will recognize my Saratoga address as an indication that I am unusually wealthy—some would even call me rich. Undoubtedly, serendipity has played a role in my accumulation of wealth. However, hard work, diligence, and focused pursuit of goals are more responsible for my success than random luck. Taking personal responsibility for my life and that of my family, rather than relying on government, is another key element in my attainment of financial freedom. Because of my financial status, I am unencumbered with concerns that commonly plague American families: Providing a quality education for my three ...
Yet another abortionist can't stand heat, quits
Post Date: 2006-09-06 00:43:03 by A K A Stone
0 Comments
Another Florida abortionist has stopped performing abortions at one clinic rather than comply with rules and regulations, and pro-life activists say it's the 11th closure of a U.S. abortion business in just three months. The newest case involves abortionist Randall Whitney, whose Family Planning Center in Daytona Beach, Fla., no longer will provide abortions, according to officials at Operation Rescue. Although three of those 11 clinics did reopen, Operation Rescue spokeswoman Cheryl Sullenger told WorldNetDaily the climate is changing. For years, pro-life protesters would walk in front of an abortion clinic but never take a picture or document an event. "Now a lot of people do a ...
Wal-Mart Embraces Sodomites
Post Date: 2006-09-02 22:45:12 by cwrwinger
4 Comments
Date: Wed, 30 Aug 2006 10:37:32 -0400 Subject: No more WalMart for me Wal-Mart Partners With Gay-Lesbian Chamber This article was published on Tuesday, August 22, 2006 10:52 PM CDT in Business By Anita French afrench@nwaonline.net> The Morning News Wal-Mart Stores Inc. is joining with the National Gay and Lesbian Chamber of Commerce to help advance diversity within the Bentonville-based retailer's operations, the company confirmed Tuesday. Dee Breazeale, a Wal-Mart vice president, will serve on the chamber's corporate advisory council, which works to educate corporate America on the benefits of workplace diversity. "We are honored to have Wal-Mart's support of the NGLCC. Our ...
@The Wandering Joo
Post Date: 2006-08-31 19:03:10 by continental op
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You've got mail.
Consumer confidence falls sharply in Aug
Post Date: 2006-08-29 17:30:45 by TLBSHOW
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Consumer confidence falls sharply in Aug. Confidence index falls to 99.6, lowest since last Nov. WASHINGTON (MarketWatch) -- U.S. consumer confidence fell sharply in August, the Conference Board said Tuesday. The consumer-confidence index fell to 99.6 in August from a revised 107.0 in July. This is the sharpest drop since Hurricane Katrina battered the Gulf Coast. See complete survey results. The index is at its lowest level since last November, when confidence was recovering from the hurricanes. The fall in August was sharper than expected. Economists expected the index to drop to 102.7 from the initial estimate of 106.5 in July. See Economic Calendar. Stocks turned decisively lower ...
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