CALAFIA OAK FINANCIAL MANAGEMENT GROUP
Walter Lewis
Financial Markets Strategist
Commentary
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Monday, May 28, 2012
Jackie Wilson: "Danny Boy"
Friday, May 25, 2012
Ethereal Beauty
Thursday, May 24, 2012
Teena Marie: "Deja Vu"
Wednesday, May 23, 2012
Lani Misalucha
Lani Misalucha, Asia's Nightingale, is truly special: "The Ultimate Whitney Houston Medley" - Whitney lives on in the voice of this beautiful woman
Tuesday, May 22, 2012
A December day at my neighborhood's beach - Pacific Beach, San Diego
Lamont Dozier: "Put Out My Fire"
Monday, May 21, 2012
The Guardian: The G8 summit reflects a divided Europe on the issues of taxation and austerity
Governor Romney slams Obama's economics approach at a "bridge to nowhere in New Hampshire that was refurbished with stimulus money
Meet the Facebook billionnaires On the day following the IPO, Facebook founder Mark Zuckerberg has upadated his relationship status to married
Chairwoman Roslyn Brock: The NAACP backs same-sex marriage
San Diego's La Jolla Cove
The Dells: "My Pretending Days Are Over"
Saturday, May 19, 2012
Today is Armed Forces Day
Downtown San Diego Another perfect day in Paradise
Smokey Robinson & The Miracles: "You Can Depend On Me"
Friday, May 18, 2012
U.S. equity markets have the worst week of the year as Dow loses 73 points on the day that Facebook goes public
Equity futures in the U.S. edge upwards in anticipation of the historic Facebook initial public offering
The world's financial markets have experienced a global rout in overnight trading following Moody's action that cut the credit rating of Spanish banks, and with big losses for resource and drug stocks in Europe
Treasury yields manage to rise from record lows
Oil edges up to near $93 after a big two-week sell-off
Jon Friedman: Take the Facebook IPO and shove it
Mark Hulbert: It's time to turn to fundamentals: What does the Dow Theory say about the current market correction?
The Drudge website has posted a headline story that once again uses the marketing appeal of the notion that the President was born in Kenya; notably, the article from the Brietbart website disclaims bitherism in its first sentences, but then touts that its efforts are to expose the President as a person who does not share American values, and asserts that a large part of the media has assisted the President in hiding his true beliefs from the American public. This tact - so-called "vetting" - is also being actively pursued by Sean Hannity and other segments of the right -wing media
Teena Marie: "Hypnotized"
Thursday, May 17, 2012
Not a good day for stocks: Dow sputters to a 156 point loss with continuing worries over Europe and disappointing jobless claims
Facebook sets share price at $38 for tomorr9ow's IPO, giving the company a value of $104 billion. Founder Mark Zuckerberg's stake is worth approximately $19 billion
Asian equity markets bounce back to some degree overnight, but the Greece over-hang still impacts financial markets everywhere
World Gold Council: China has topped India for the first time as the planet's leading purchaser of gold, and forecasts are that China will hold that title thru 2012 and perhaps forever
Losses at JPMorgan Chase will exceed the initial expectations of $2 billion; the actual losses are probably closer to $3 billion in less than two months. Nice going and congratulations to all the smartest people in the room who were involved in making history!!!Facebook will set the final price for its IPO today, with the selling price of the shares forecasted to be between $34 and $38
The gross domestic product of Spain is contracting as a direcr result of austerity measures
Christian Science Monitor: A doctor's report states that George Zimmerman had two black eyes, a broken nose, swollen lips and cuts on the back of his head when he was examined the day following the Trayvon Martin homicide Mark O'Meara, Zimmerman's defense attorney, has received a copy of the prosecution's evidence during the case's pretrial preparation pursuant to the regular trial procedure under Florida's criminal law ABC News: Cops and witnesses backup Zimmerman's version of the story of what happened on the night of the Trayvon Martin shooting Professor Alan Dershowitz: The evidence is clear - George Zimmerman acted in self-defense, and the prosecutor should stop playing politics and immediately drop the charges of homicide An extensive compilation of information on the Martin case is set forth at datelines March 29 and April 11
Robert Powell: Five IRA account rules that can derail your retirement if you handle them incorrectly
Mayor Corey Booker and Governor Chris Christie make a major contribution to the genre of political humor - I can't believe they did this!!!
Wednesday, May 16, 2012
Tension over Greece eventually takes its toll and turns a 91 point gain into a 34 point loss on the Dow by the end of trading. Worst yet, gold is nearing bear market territory, much to the embarrassment of a host of gold-pushing salesmen on right-wing radio and Fox cable news
Asian equity markets dive overnight in response to the situation in Greece, as Hong Kong leads the way down with a 2% loss
Wall Street Journal: A last-ditch effort to form a coalition government in Greece has failed, so that country's future in the euro is in great doubt
CNBC: The volume of lending by the four largest banks in China has stagnated due to a lack of demand
CNNMoney: Keystone is not the only pipeline project; there are at least 12 other projects that are slated to move forward in the U.S over the next few years. These pipelines will raise the Nation's distribution capacity to the Gulf Coast by a substantial two million barrels per days
As an example of President Obama's stupidity, right-wing media commentators oftentimes refer to an instance during the 2008 campaign when President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the Union.
The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.
When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim
Tami Luhby: California could net $2 billion from the Facebook IPO
Mick Weinstein: A word to the wise - don't try to time this chaotic market
President Obama's net worth is approximately $10 million, with a good part of his income coming from the royalties on his three books. On the other hand, Vice President Biden is kinda hurtin' for bucks
Greece confirms bond repayment - Oh, good - the timely repayment avoids that typo problem referred to in this column yesterday
Denzel Washington's depiction of Harlem heroin kingpin Frank Lucas in "American Gangster" was a box office sensation. This link is to a second trailer for the movie. Here is a brief documentary on Frank Lucas, giving more details of Lucas' drug ring that annually smuggled 2,200 pounds of pure heroin into the United States using U.S. military aircraft and bases.
However, the true story leaves Hollywood far behind. For one thing, “American Gangster” gives the impression that with Lucas’ arrest, the trafficking of heroin into the United States by the use of military transport aircraft ended. In fact, the trafficking continued unabated. I know this first-hand, because in the 1970s I was a foot soldier in America's so-called War on Drugs at Norton Air Force Base in San Bernardino, California. This turned out to be an extremely dangerous way to spend one's time in the military - I would have been a lot safer if I was stationed in the jungles of Vietnam, because at least then the Air Force would have believed there actually was an enemy out there when I busted the Norton Air Force Base smuggling operation in January, 1976. The drug cartel tried to kill me on two occasions, and, in fact, they almost succeeded in permanently shutting my mouth on a third occasion when they were actually trying to murder my wife.
One of the people with whom I worked in 1976 on a heroin smuggling case at Norton stated to me that the traffickers would kill both of us before they would let the story of this crime reach the public's attention. Sadly, he was half right; he was the victim of homicide outside St. Louis in 1992, during a period of time when he was once again trying to help me get to the bottom of the Norton story. A few weeks earlier, on March 11,1992, another man whom I was trying to reach for information regarding the situation at Norton was shot dead in New York City by a hitman contracted by a Colombian drug cartel. He was murdered on the very day I was scheduled to contact him. I can only infer from these two homicides that the Norton traffickers were potentially still active as recently as 1992, trying to cover the trail of their hideous crimes.
Jonathan Kwitny, a 16-year veteran reporter for The Wall Street Journal, wrote in his book "The Crimes of Patriots - A True Tale of Dope, Dirty Money, and the Central Intelligence Agency", that the shipments through Norton Air Force Base were orchestrated by senior U.S. officers, and the quantity of heroin trafficked on a regular basis was up to 50 pounds per shipment; plus, the heroin being smuggled through Norton was 100% pure China White - reputedly the most powerful heroin on the planet.
As a point of reference, the quantity of heroin involved in the famous 1971 "French Connection" film was the one-time shipment to New York City of 132 pounds of diluted heroin that was only 87% pure; nevertheless, the French Connection heroin was valued at $32 million on the streets of America
Tuesday, May 15, 2012
Dow suffers a loss of 63 points as investors continue to focus on Greece, in addition, a Wall Street Journal article deadpanned Facebook by pointing out the fact that General Motors is halting its ads on Facebook
The ICE dollar index rises to 81.286, its highest level since January of this year, and the index's 12-session winning streak is the longest since 1985
CNBC: Greek investors have withdrawn €700 million from the nation's local bank, an amount reaching bank-run levels
U.S. Labor Department reports that consumer prices were unchanged in April, aided by falling gasoline prices and only modest gains in the price of food
Commerce Department tallies a 0.1% gain in retail sales for April as the boost from an unseasonably warm winter faded
Where was the California Department of Real Estate in 2005-2008 when the people of California so desperately needed someone to say to the California homebuyer: "Trying to buy a house that you cannot possibly afford is crazy, and the loan broker and real estate salesperson egging the buyer forward should be wearing a GPS ankle bracelet. I have a modest suggestion, if you can find their telephone number: Call the California Department of Real Estate and ask them "Seriously, where were you guys?"
National Association of Homebuilders/Wells Fargo: Home-builder sentiment at highest level since the recession
South Korean stocks lead Asian markets lower overnight as Greece's woes take control
China appears to be shifting towards an intentional lowering of the value of its currency in order to assist its manufacturing sector
Bloomberg: Stocks and commodities drop as euro weakens under the pressure of the calamity in Greece
Anthony Mirhaydan: Stocks have broken through key support levels Moody's downgrades 26 Italian banks by one to four notches following the country's relapse into recession
Whoops!!! A typo - the mistaken deletion of a paragraph in a key legal document - has created the possibility of a calamity for an extended period of drama regarding whether Greece will make a €436 million debt payment due today. Really, no joke, the world's financial system may be held in limbo for as long as a month by a fat-finger typo. Nice going everyone - realy, really good work on the part of all involved!!!
Jonathan Burton: How to handle your ETF's double-edged sword
American-made Israeli F-15 fighter jets - history's most effective fighter aircraft. This airplane - in the hands of American and Israeli pilots - has shot down at least 100 enemy aircraft in combat with the distinction that no F-15 fighter has ever been destroyed by an enemy aircraft. No other airplane in the history of aerial combat can match the F-15's scorecard - the performance record of no other aircraft of any nation is even close to the battle reputation of the F-15. Israel has plenty of them
U.S. intelligence gains concerning Iran are a confidence builder for the Obama Administration
The U.S. defines its demands for a new round of talks with Iran
Obama Administration: With respect to Iran, no options are off the table. That's a diplomatic way of saying "We'll attack you when we want to"
Arutz Sheva: An Iranian official has called for an Islamic awakening among the Palestinian Authority that will destroy the State of Israel at a conference in Tehran marking May 15, Nabka Day
United Nations Headquarters
During President Obama's address to the United Nations in August, 2011, he referred to countries threatening to wipe Israel off the map. This threat is attributed to Iran, and the assertion has been commonly voiced about Iran in the U.S since 2005. Has a top Iranian official ever threatened to violently wipe Israel off the map? Actually, no top Iranian official has ever threatened to wipe Israel off the map with violence. President Obama's reference in 2011 to the false claim regarding Iran may one day haunt him in the same way that Colin Powell is haunted by his 2003 address to the Security Council in which Secretary Powell falsely asserted that Iraq had weapons of mass destruction. We all remember where that fairy tale led the country
Israeli Defense Minister Ehud Barak: The time has come to attack Iran
Foreign Policy Magazine: Israel's secret staging ground bases in Azerbajian - potential launching points for an attack on Iran
The Washington Free Beacon: Palestinian protests turn violent
An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night
CNNMoney: The spike in oil prices caused by an attack on Iran is the greatest potential threat to the U.S. economy
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to violently wipe Israel off the map
In fact, when Iranian officials speak of wiping Israel off the map the theory that they refer to is the Palestinian right of return. The Palestinian right of return is a political position asserting that Israel's Jewish constitution will one day be replaced by a secular or Muslim government following a free and democratic vote in which the Jews will be out-voted by the larger population of Palestinians living in the area Many people living in the United States have never even heard of the Palestinian right of return. For example, during the Republican primary season, Herman Cain, a GOP candidate for president, was asked by an interviewer for his thoughts on the Palestinian right of return theory. Mr. Cain looked befuddled, and then Mr. Cain admitted that he had no idea what those words mean
Another line of reasoning argues that Iran is an aggressive culture that is inclined to attack its neighbors. The last time Iran attacked a neighbor, namely, Russia, was in 1826
Rick Santorum: Iran's scary Shi'ite theology warrants a U.S. attack, since they are religious zealots with a penchant for homicide. Speaking of religious zealots: Judaism says this land is ours, so we are back to seize and hold it at gunpoint, a lot like thousands of years ago when it was called Canaan, and the God of Abraham told us it was okay to kill every man, woman and child living there in order to seize and hold the land
If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody
The Blowback Chronicles: Do you recognize this name - Mohammad Mosaddegh? Hint: What were you doing on August 19, 1953?
Chris Isidore: Thanks to strong growth in Germany, Europe is able to avoid dipping back into recession in the first quarter of 2012
Technical Indicator: Charting a bearish double bottom
Beyonce:"At Last"
Monday, May 14, 2012
Dow slumps 125 points for its eighth loss in ten trading days. The culprit is Greece, which appears to be headed for another election
Oil prices hit a five-month low below $94 a barrel
Many world equity markets suffer losses overnight as worries about Greece continue to grow
Hibah Yousuf: Are the financial market bears roaring back to life?
German Chancellor Angela Merkel's Christian Democrat party suffers a substantial defeat in a regional election
Greek leftist leader rejects an opportunity for a coalition government
The Telegraph: The world must brace for Greece's exit from the euro
Once again, it is time to get real - Rick Newman: What's wrong with the Buffett Rule? The reality is everyone needs to pay higher taxes and undergo an attitude shift. The moral of this link: A private commentator will tell the truth that politicians would not dare utter. It is time to get real
In 1978, when I was 29 years old and working as a corporate finance attorney on Wall Street, my gross income was in the 55% tax bracket for federal taxes alone, a very much higher rate than today's maximum of 35%, a top rate that applies no mattter how many hundreds of millions of dollars a person may earn in 2012. It was a different world in 1978: No one claimed that the country was going socialist; no one claimed that the President was trying to redistribute wealth; no one ranted that society's producers were being held in slavery by the IRS; no one was talking about going out to buy another gun because they may need more than one gun because the government was probably going to come and steal their money next week. There has been a huge change in attitude in the United States over the past 30 years - where has our spirit of social compact, our willingness to work hard, and our willingness to work a few more years in order to become wealthy? The United States is in dire need of a return of the Americans of just a few decades ago.
An example of this decade's version of an Ameican: Facebook co-founder Eduardo Saverin is about to come into a lot of money from the Facebook IPO, so Saverin renounces his American citizenship and becomes a resident of Singapore in order to avoid capital gains tax
Karyn White: "Superwoman"
Friday, May 11, 2012
Dow closes down 34 points after a boost from a stronger than expected consumer confidence report
An article in the Washyington Post alleging that GOP candidate Mitt Romney attacked a gay teenager in 1965 while in high school spawns conversations coast to coast
President Obama affirms his belief that same sex couples should be allowed to marry, marking the first time in history that a U.S. president has taken such a civil rights position
Friday, May 4, 2012
Dow falls 168 points following a jobs report stating the creation of 115,000 jobs and a jobless rate of 8.1%
Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it, so commentators would best be advised to not even bother to ask a question on the subject in an interview Summary of Ayn Rand's Objectivist opus
Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years
For example: Company policy - "We are not hiring until Obama is gone"
For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged
The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 8.1%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz
The $3.7 trillion question: Why aren't firms spending?
John Maynard Keynes
Summary of Keynesian economics philosophy
Thursday, May 3, 2012
Dow slides 62 points in trading ahead of tomorrow's jobs report
Wednesday, May 2, 2012
Dow loses 11 points following a weak jobs report from ADP
Full text of President Obama's speech from Afghanistan
Tuesday, May 1, 2012
Dow closes up 66 points after a positive move in the ISM manufacturing index, marking its best close since December, 2007
Monday, April 30, 2012
Dow loses 15 points as Spain falls back into recession and the Chicago purchasing managers index indicates a slowing economy
Thursday, April 26, 2012
Dow climbs 114 points despite disappointing earnings from Exxon Mobil
Wednesday, April 25, 2012
Dow gains 89 points as the Fed leaves interest rates unchanged and more good earnings reports are released
Tuesday, April 24, 2012
Dow climbs 74 points as investors focus on corporate earnings rather than Europe
Monday, April 23, 2012
Dow falls 102 points as European worries once again affect Wall Street
Friday, April 20, 2012
Earnings reports from GE, McDonald's and Microsoft spur Dow to a 65 point gain
Thursday, April 19, 2012
Dow falls 69 points after disappointing jobless claims and report on exising home sales
Wednesday, April 18, 2012
Dow slips 83 points as the impact of IBM and Intel earnings sinks into traders' conciousness
Tuesday, April 17, 2012
Dow surges 194 points, despite disappointing results from IBM and Intel
Monday, April 16, 2012
Dow closes up 72 points, being spurred on by a positive retail sales report
China widens the daily yuan band vs. the dollar from 0.5% to 1.0%
Uh, okay: For 2011, President Obama paid a lower effective tax rate than his secretary. Wait a minute - what?
Romney tells Obama to "Start Packing" in an ABC interview
This isn't about wishing upon a star
November 6, 2012 is not very far away. Never take anything for granted. This time, each person must take nine people with them to the polls who would not otherwise vote. Plus, everyone should check now to see whether all people in their circle of acquaintances - particularly among the young people and senior citizens - have whatever identification in their possession that is required in their jurisdiction to be presented at the polling place. If they do not have the required identification, then encourage them to take the steps to acquire the needed identification right away - do not wait until the last minute
The claim is oftentimes made, by Republican pundits and other people featured in the news media, that President Obama cannot run in 2012 on his record. Nothing could be further from the truth, since the Administration actually has a very lengthy and impressive list of accomplishments. Robert P. Watson, Ph.D., a presidential historian at Lynn University in Boca Raton, Florida, has devoted a huge amount of effort to the compilation of an extensive record of President Obama's accomplishments to date. I have seen nothing comparable to the level of scholarship present in Professor Watson's work in any other source of information on this subject
Friday, April 13, 2012
Dow closes with a 137 point drop due to multiple concerns, making this the worst weekly loss of 2012
China's National Bureau of Statistics: First quarter GDP growth was 8.1%
Flood of foreclosures will soon hit the housing market
The value of the dollar rises on data from the U.S., China and Spain
Thursday, April 12, 2012
The rally continues for a second day: Dow gains 181 points, as oil and gold also mark an up day
U.S. Treasury sells $13 billion of 30-year debt
World Bank cuts its 2012 forecast for growth in China to 8.2% and forecasts a soft landing for the world's second largest economy
Steve Goldstein: QE3 is still a possibility
Vanessa Williams: "Dreamin'"
Wednesday, April 11, 2012
Wall Street seizes the news of Alcoa's strong first quarter and a rebounding real estate sector as reason to push the Dow 89 points higher
Huge quake triggers tsunami warnings around the Indian Ocean
Beige Book: The U.S. economy continued to grow at a "modest to moderate" pace over the last month
The price of oil bounces upward following the release of industry's inventory report
Wells Fargo Neighborhood Watch Survey: The real estate market is in rebound in 20 markets across the country
Rick Newman: What's wrong with the Buffett Rule? The reality is everyone needs to pay higher taxes and undergo an attitude shift
Michael A. Gayed: Was that the bottom in gold?
Allan Sloan: Why you shouldn't buy corporate bonds anytime soon
Special prosecutor Angela Corey charges George Zimmerman with second degree murder. Zimmerman is taken into custody. A compilation of information on this matter is set forth under dateline March 29, 2012 in this column
Tuesday, April 10, 2012
Dow plunges 214 points as worries over Europe and corporate earnings roil Wall Street throughout the trading day
Alcoa kicks off the earnings season with a surprising performance that is substantially better than the estimates
European equity markets drop as Spain's bond yields surgeThe Bank of Japan stated that it will encourage the uncollateralized call rate to remain unchanged and did not announce any easing measures
The price of crude oil struggles to rise despite a weak dollar
Gold extends gains overnight in electronic trading, supported by the weaker dollar
Obama's Buffett Rule: Answers to frequently asked questions
Gene Sperling is interviewed by Maria Bartiromo on the subject of the Nation's budget
Republican presidential candidate Rick Santorum suspends his campaign
Mitt Romney: The GOP's last man standing
Summary of the career of the 70th Governor of Massachusetts
The forecasted cost of the Affordable Care Act is once again in the news, such as the report of the Heritage Foundation or today's rant by Rush Limbaugh
Summary of the Patient Protection and Affordable Care Act One of the problems that confronts the Obama Administration with respect to the health care plan is the fact that there is very little literature in the marketplace that explains what the legislation does. One of the few competent books available on the subject is "Landmark - The Inside Story of America's New Health-Care Law and What It Means for Us All", which was authored by the staff of the Washington Post
Monday, April 9, 2012
Dow falls 131 points under the weight of Friday's jobs report; oil was under downward pressure through most of the day, but gold saw gains coming from Asian demand under the spectre of rising prices in China
Wall Street falls sharply in early trading Treasury yields fall to one-month lows Financial companies take it on the chin
Inflation in China rises by 3.6% in March, but producer prices fall by 0.3% from a year ago
Asian equity markets fall overnight under the weight of the U.S. jobs report and China's inflation data
Policy-easing expectations prompt a rise in the price of gold during overnight trading in Asia
Craig Stephens: China's welcome mat for foreign investors
Hibah Yousuf: Do not expect the first quarter earnings to be pretty - a nine quarter winning streak regarding earnings of the companies in the S&P 500 is going to endAT&T vs. Verizon: The inevitable duopoly
Jeffry Bartash: Where will gas prices go from here? The impact in March was muted
Tami Luhby: Will a principal writedown of Fannie and Freddie mortgages work, and how would it be paid for?
Does Apple's CEO really make $1 million a day, as implied in the New York Times? Actually, no
American-made Israeli F-15 fighter jets
U.S. intelligence gains concerning Iran are a confidence builder for the Obama Administration
The U.S. defines its demands for a new round of talks with Iran
Obama Administration: With respect to Iran, no options are off the table. That's a diplomatic way of saying "We'll attack you when we want to"
Israeli Defense Minister Ehud Barak: The time has come to attack Iran
Foreign Policy Magazine: Israel's secret staging ground bases in Azerbajian - potential launching points for an attack on Iran
The Washington Free Beacon: Palestinian protests turn violent
An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night
CNNMoney: The spike in oil prices caused by an attack on Iran is the greatest potential threat to the U.S. economy
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to wipe Israel off the map
Another line of reasoning argues that Iran is an aggressive culture that is inclined to attack its neighbors. The last time Iran attacked a neighbor, namely, Russia, was in 1826
Rick Santorum: Iran's scary Shi'ite theology warrants a U.S. attack, since they are religious zealots with a penchant for homicide. Speaking of religious zealots: Judaism says this land is ours, so we are back to seize and hold it at gunpoint, a lot like thousands of years ago when it was called Canaan, and the God of Abraham told us it was okay to kill every man, woman and child living there in order to seize and hold the land
If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody
The Blowback Chronicles: Do you recognize this name - Mohammad Mosaddegh? Hint: What were you doing on August 19, 1953?
Sunday, April 8, 2012
The Lord is with us
The Great I Am
"Emmanuel" "Total Praise"
Friday, April 6, 2012
Jobless rate falls to 8.2%, but the number of new jobs is a disappointing 120,000. U.S. stock futures react negatively
Silver linings in weak jobs report: The number of underemployed fell significantly, plus the reason for many individuals leaving the workforce is not solely discouragement
Asian stock markets traded lower overnight, with Japanese markets taking another hit due to a rising yen
Dollar moves lower in trading in Asia ahead of jobs report
Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it, so commentators would best be advised to not even bother to ask a question on the subject in an interview Summary of Ayn Rand's Objectivist opus
Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years
For example: Company policy - "We are not hiring until Obama is gone"
For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged
The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 8.2%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz
The $3.7 trillion question: Why aren't firms spending?
John Maynard Keynes
Summary of Keynesian economics philosophy
Greek police and protestors clash once again after an elderly man commits suicide rather than face life with a slashed pension
Senate Republican Budget Committee: Under Obama's budget, interest payments will exceed defense spending by 2019
Associated Press: Dollar figures on federal debt and spending
Attorney General Holder issues a letter stating the obvious: the Obama Administration recognizes the authority of the courts to determine the constitutionality of legislation
Nashville Business Journal: The Chevy Volt will pay for itself with gas savings if you drive the car for 26.6 years Great where can I get one?
American Sociological Review: Conservatives believe less in science today that the conservatives of the mid-1970s!
Thursday, April 5, 2012
Dow loses 15 points as the market has its worst weekly decline of the year; however the Nasdaq had a positive day in large part due to Apple
Chris Oliver: China doomsayer sees a crash coming - forget the soft landing
Global oil production is in trouble. Our difficulties are not entirely due to the situation with Iran
IRS Commissioner Douglas Schulman: Disaster looms next tax system unless Congress acts on the tax code
The Buzz: Sell in April and hide under the table?
Go a second trailer for the movie
Wednesday, April 4, 2012
Dow closes down 125 points following a poorly received auction of Spanish debt and a weak ISM services report
Gold falls to a 12-week low due to the Fed's efforts to dampen expectations of further stimulus spending
Renewed worries about Europe hurt Wall Street in early trading
Asian markets fall overnight in reaction to Australia's posting of a trade deficit and that deficit's possible portend for China
ADP report: The private sector has added 209,000 jobs
The new normal regarding U.S. auto sales - things are not at all like they used to be
Willam D. Cohan: Why are the Fed and SEC keeping secrets from the American public?
Zhang Xiaoqiang: Research indicates that China's GDP will grow at a rate of 8.4% in the first quarter
Republican delegate tally Romney sweeps three more contests
Let the vetting begin: Who will be Romney's running mate?
New York Times: Santorum's fight to stay relevant
USS Carl Vinson (CVN 70) USS Ronald Reagan (CVN 76)
Coronado's North Island Naval Base - November 28, 2011
One of the world's rarest sights: Seeing two supercarriers at the same time
Faith Hill: "There You'll Be" - the "Pearl Harbor" soundtrack
Tuesday, April 3, 2012
Fed comments cause the Dow to slide to a 65 point loss, and oil also falls
Economic prospects are looking good in 47 states
President Obama likens the Republican budget to a Trojan Horse
Asian markets rise overnight, but Japan defies the trend due to a strengthening yen
Nouriel Roubini: The Eurozone needs a divorce
San Diego's La Jolla shoreline sprayed by 20-foot high waves
Klymaxx: "I'd Still Say Yes"
Monday, April 2, 2012
A solid report on manufacturing sends Dow to a 52 point gain, despite a weak report on construction spending
U.S. manufacturing continues to rebound with the monthly ISM index at 53.4 in March, growing for the 32nd month in a row
Gold ends the day with a gain of 0.5%
Eurostat: February unemployment in the Eurozone hits 10.8%, as the unemployment rate in Spain rises to a portenous 23.6%
Asian stock markets move higher overnight as Tokyo shares are boosted by a falling yen and Australian mining companies post solid gains
China reports that March saw an expansion in its manufacturing base, however HSBC says that actually there was a manufacturing contraction
Treasurys edge up and the dollar slipped over the weekend after Friday's release of economic data
Ireland faces popular revolt over new property tax
President Obama once again presses Congress to increase taxes on "millionaires". Is this a good idea? Quite frankly, the President's proposal needs to be reworked, and everyone needs to stop acting like the Buffett Rule is smart tax policy What is the justification for a progressive income tax structure?
Robert P. Watson, Ph.D., a presidential historian at Lynn University in Boca Raton, Florida, has devoted a huge amount of effort to the compilation of an extensive record of President Obama's accomplishments to date. I have seen nothing comparable to the level of scholarship present in Professor Watson's work in any other source of information on this subject. The Obama Record makes clear the fact that the Administration has been working on vastly more than just health care
Sean Williams: The last man standing in opposition to a bullish attitude on the Nation's housing markets
En Vogue: "Giving Him Something He Can Feel"
Friday, March 30, 2012
Dow ends the day with a 66 point gain as the Dow and S&P have their best first quarter gains since 1998 and the Nasdaq has its best first quarter since 1991
Afghanistan: The irresistible illusion
CNN Poll: Afghan war support hits an all-time low in the U.S. of 25% approval, and demands for withdrawal surge
Time Magazine: U.S. soldier is charged in the massacre of 17 Afghan civilians, charges that could lead to the death penalty
U.S. consumer spending jumps in February to the highest level in seven months, but a good part of those expenditures went to energy
University of Michigan consumer sentiment survey is at highest point in more than a year
Anthony Mirhaydari: How much should oil really cost?
Dan Mitchell: Cut oil subsidies, but don't decry profits - and, in fact, what are bing called subsidies are actually just business deductions available to all corporations under the federal tax code
Senator Mary Landrieu: We are not drilling everywhere for oil, in fact at present U.S. oil drilling is almost exclusively on non-federal land
Gold moves upwards as the dollar falters, snapping a short losing streak, while the Eurozone seeks to reinforce its firewall against debt
Rush Limbaugh: Regime shakes down banks for $25 billion
Take a trip down Memory Lane after reading Rush Limbaugh's description of the U.S.'s mortgage loan debacle. This Wikipedia link is an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.
One thing is made abundantly clear by this Wikipedia link: When Rush Limbaugh asserts that the government was the cause of the financial debacle known as the subprime mortgage crisis, he is intentionally trying to deceive anyone who will listen to him.
Limbaugh's propaganda is based on a contention that he has made hundreds of times on the radio over the last three years. Limbaugh specifically claims that the banks were forced by the Community Reinvestment Act to make loans to unqualified borrowers. The immense problem in Limbaugh's argument is the fact that a large proportion of subprime loans were actually made by loan companies that were not even under the authority of the Community Reinvestment Act. Clearly, the lenders were making subprime loans not because the government was forcing them to lend. The real reason lenders were in the subprime market was because subprime loans were extremely profitable to originate - extremely profitable for the originating mortgage lender and extremely profitable for the loan officer who convinced the borrower to sign the mortgage papers
Switch: "I Call Your Name"
Thursday, March 29, 2012
Dow closes up 20 points in a rebound from a 94 point intra-day loss triggered by a disappointing jobless report and pessimistic news regarding Greece
Our home is for all of us
The Nation's population has submerged its attention in the Trayvon Martin case. The tragic death of a 17 year-old in Sanford, Florida has surged to the forefront of every branch of the news media at a level of saturation generally reserved for conflicts with racial plotlines. At times, the coverage has been hyperbolic. A wise person should not reach a conclusion as to what transpired on that rainy evening until the conclusion of George Zimmerman's trial - after all evidence has been discovered, presented and examined in a process that emphasizes diligence, objectivity and fairness.
On March 23rd, President Obama sagely asked the country to allow the investigation and judicial process to run its course.
MailOnline: Some aspects of Trayvon Martin's background portend problems for prosecutors Daily Caller: Releases text of Trayvon Martin's tweets Some aspects of George Zimmerman's background raise an image that differs from the brutal narrative that permeates some branches of the news media KOFL FOX 35 TV reporter Valerie Boey interviews George Zimmerman's father Trayvon Martin's mother wants to trademark her son's name Congresswoman Maxine Waters tells CNN that she has heard enough of the facts to know that George Zimmerman has commited a hate crime Rev. Al Sharpton demands an arrest, and claims that civil disobediance will escalate if Zimmerman remains free New Black Panther Party offers a $10,000 bounty for the capture of Zimmerman Texas gun owner lawyers offer $10,000 for Zimmerman's legal defense Civil rights leaders condemn Sharpton's call for escalated civil disobedience Rush Limbaugh excoriates NBC for manipulating its coverage of the initial 911 call by Zimmerman NBC probe of error in the editing of Zimmerman's initial 911 call focuses on an experienced news staff producer NBC News: the coverage of the initial Zimmerman call to 911 was an error, but not deliberate Yahoo!News: Trayvon Martin case exposes the worst in the media Members of the Congressional Black Caucus sponsor a resolution, on March 30th, blaming racial bias for the Trayvon Martin shooting City of Sanford prepares for response to prosecution decision on Zimmerman
A 78-years old man is assauted by six youths in East Toledo who were chanting "Remember Trayvon" Jesse Jackson calls on blacks to wear hoodies to the polling places The words "Long
Live Zimmerman" were spray-painted on a wall of the Black Cultural Center at Ohio State University Armed neo-Nazis are now patrolling the streets of Sanford, FL in anticipation of violence in post-Martin era New York Times: Special prosecutor in Martin case will alone determine its merits; the case will not be presented to a grand jury Attorney General Holder praises Reverend Sharpton's handling of the Martin killing during an address at the National Action network convention
U.S. jobless claims total 359,000 in latest week
The Treasury Department will auction shares of preferred stock in six small banks that were acquired during the financial crisis
The Senate rejects President Obama's plan to end certain tax deductions by the oil companies
WTI crude oil settles under $103 per barrel on talk of a release from tyhe strategic petroleum reserve by consumer nations
American-made Israeli F-16 fighter-bomber
One of the world's most effective killing machines
New York Times: Obama Administration moves to tighten U.S. sanctions on Iran by freezing all assets of the Central Bank of Iran, as well as other assets of Iran in the United States. So, instead of attacking Iran with munitions, the United States is attempting to ruin the country's economy through financial attack. This plan envisions economic collapse, deprivation of the populace, civil unrest that culminates in rebellion and the assassination of the current leaders of Iran
Obama Administration: With respect to Iran, no options are off the table. That's a fancy way of saying "We'll attack you when we want to"
Israeli Defense Minister Ehud Barak: The time has come to attack Iran
Foreign Policy Magazine: Israel's secret staging ground bases in Azerbajian - potential launching points for an attack on Iran
The Washington Free Beacon: Palestinian protests turn violent
An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to wipe Israel off the map
Another line of reasoning argues that Iran is an aggressive culture that is inclined to attack its neighbors. The last time Iran attacked a neighbor, namely, Russia, was in 1826
Rick Santorum: Iran's scary Shi'ite theology warrants a U.S. attack, since they are religious zealots with a penchant for homicide. Speaking of religious zealots: Judaism says this land is ours, so we are back to seize and hold it at gunpoint, a lot like thousands of years ago when it was called Canaan, and the God of Abraham told us it was okay to kill every man, woman and child living there in order to seize and hold the land
If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody
The Blowback Chronicles: Do you recognize this name - Mohammad Mosaddegh? Hint: What were you doing on August 19, 1953?
Wednesday, March 28, 2012
Dow drops 72 points under the influence of a weak durable goods report, as well as falling energy shares
Shanghai index plunges in its worst performance of the year and pulls most of the Asian markets lower
If the health insurance individual mandate fails, some justices seem open to saving parts of the law
U.S. News & World Report; What happens if the Supreme Court strikes down the health care law?
Solicitor General Donald Verrilli makes the worst oral argument before the Supreme Court of all time - maybe the dog ate his homework
Examples of the reaction: Jeffrey Tobin of CNN reacts to Verrilli's performance before the Supreme Court Jay Sekulow on Fox News reacts to Verrilli's oral argument
Audio recording of the Supreme Court oral argument on the individual mandate aspect of the health care law
Tuesday, March 27, 2012
Dow loses 44 points as slumping consumer confidence and real estate values weigh on the market
Supreme Court appears to be divided over the constitutionality of the individual mandate in the health care law
Peter Wallsten: Behind Obama's grand bargain on the United States' debt
Zimmermann v. Dicker: Are speculators driving up the price of crude oil?
The U.S. corporate tax rate will be the highest in the world as of April 1st; however, after loopholes are taken into account, American corporations' effective tax rate is actually below the average rate of the other major economies
As an example of President Obama's stupidity, right-wing media commentators oftentimes refer to an instance during the 2008 campaign when President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the Union.
The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.
When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim
For two lives lost
Donny Hathaway: "For All We Know"
Monday, March 26, 2012
Dow jumps 161 points after Chairman Bernanke indicates that interest rates are not on the rise
Friday, March 23, 2012
Dow gains 36 points amid rising oil prices and falling home sales
Thursday, March 22, 2012
Fears concerning Europe and China send Dow to a 78 point loss
AIG makes a $1.5 billion repayment to the U.S. Treasury
The Keystone XL pipeline: Separating rhetoric from reality
The Hill: Obama's oil policy is mocked by the right and left
Wednesday, March 21, 2012
Dow loses 46 points as existing home sales disappoint traders
Tuesday, March 20, 2012
Dow falls 69 points as worries about a slowdown in China's demand for steel roil the U.S. market
Monday, March 19, 2012
Dow pushes ahead by 7 points on the day that Apple announces its first dividend
The U.S. Treasury nets a $25 billion profit on its sale of mortgage-backed securities that were acquired during the financial crisis
Friday, March 16, 2012
Rising gasoline prices push the CPI higher and push the Dow to a 20 point loss on the day's trading
Consumer prices rise sharply in February
University of Michigan report indicates first loss since September, 2011
Oil tops $107 but notches a loss on the week
Asia Week Ahead: Are Chinese bank profits growing?
CNNMoney: Jobless numbers defy economic theory
Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it, so commentators would best be advised to not even bother to ask a question on the subject in an interview Summary of Ayn Rand's Objectivist opus
Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years
For example: Company policy - "We are not hiring until Obama is gone"
For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged
The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 8.3%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz
John Maynard Keynes
Summary of Keynesian economics philosophy
Anthony Mirhaydari: Risky stocks are on the way higher
"I Will Always Love You"
Thursday, March 15, 2012
Dow climbs 59 points in a day ruled by a rumor regarding the Strategic Petroleum Reserve
Wednesday, March 14, 2012
The market struggles to a 16 point gain on the Dow after a strained auction of the 30-year bond
Tuesday, March 13, 2012
Dow soars 218 points as the Fed holds interest rates steady
Ally, Citigroup, MetLife and Sun Trust fail the Fed's stress test
Wednesday, February 8, 2012
Dow manages a 6 point gain as the situation with respect to Greece treads water
Treasury prices fall in early trading as yields climb to 3-month highs
Benchmark crude oil rises above $99 per barrel in Asian trading after a report by the American Petroleum Institute shows a drop in supply
Asian stock markets gain ground overnight, led higher by the region's auto makers
European equity markets move higher in optimistic trading before the opening of Wall Street
Ben Rooney: Greece is facing a dramatic dilemma
New York Times: Rick Santorum scores the trifecta in Colorado, Minnesota and Missouri
Summary of the career of Rick Santorum
After a review of Mr. Santorum's biography, one is struck by the fact that he lost his last election to the Senate in a landslide. This is the person who the GOP base expects to defeat President Obama in the general election. In order to understand why the GOP base expects victory, one must realize that conservatives believe that President Obama is very dumb; plus, conservatives feel that the only reason why the whole world does not realize Obama's abject ignorance is because the main stream media is covering up for the President's stupidity
As an example of President Obama's stupidity, right-wing media commentators oftentimes refer to an instance during the 2008 campaign when President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the Union.
The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.
When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim
Brenda K. Starr:"I Still Believe"
Tuesday, February 7, 2012
Dow climbs 33 points as investors become optimistic regarding a resolution of the debt crisis in Greece
Gold futures end at a two-month high under the assistance of a climbing euro and the comments of Chairman Bernanke before the Senate Budget Committee
Asian equity markets trade lower overnight and China leads the slide in the wake of investor disappointment regarding China's failure to ease
Rex Nutting: Investor demand for U.S. government debt remains very high, despite the large amount of debt outstanding
Gingrich looks to the eleven contests on Super Tuesday, March 6th, when 466 delegates are up for grabs
Donald Trump: Decision to endorse Romney based on candidate's position on China
State-by-state GOP primary results
Russia and China challenge the West on Syria: What are the implications for Iran?
Joseph Massad: Imperialism, despotism and democracy in Syria
Israeli American-made F-16 fighter-bomber
New York Times: Obama Administration moves to tighten U.S. sanctions on Iran by freezing all assets of the Central Bank of Iran, as well as other assets of Iran in the United States. So, instead of attacking Iran with munitions, the United States is attempting to ruin the country's economy through financial attack. This plan envisions economic collapse, deprivation of the populace, civil unrest that culminates in rebellion and the assassination of the current leaders of Iran
Obama Administration: With respect to Iran, no options are off the table. That's a fancy way of saying "We'll attack you when we want to"
Israeli Defense Minister Ehud Barak: The time has come to attack Iran
An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to wipe Israel off the map
Another line of reasoning argues that Iran is an aggressive culture that is inclined to attack its neighbors. The last time Iran attacked a neighbor, namely, Russia, was in 1826
Rick Santorum: Iran's scary Shi'ite theology warrants a U.S. attack, since they are religious zealots with a penchant for homicide. Speaking of religious zealots: Judaism says this land is ours, so we are back to seize and hold it at gunpoint, a lot like thousands of years ago when it was called Canaan, and the God of Abraham told us it was okay to kill every man, woman and child living there in order to seize and hold the land
If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody
The Blowback Chronicles: Do you recognize this name - Mohammad Mosaddegh? Hint: What were you doing on August 19, 1953?
Tamia: "You Put A Move On My Heart" and "Slow Jams"
Monday, February 6, 2012
Dow loses 17 points under the weight of ungoing negotiations on Greece's austerity plans
Gold futures lose ground due to a strengthening dollar, despite the unresolved situation in Greece
Asian stock markets climb overnight led by the shares of commodity producers, exporters and financials
Nevada's triple level economic dilemma, which stems from real estate building glut spawned by the subprime mortgage debacle
Ben Rooney: Where things stand with Europe's debt crisis
Fitch Ratings boosts its credit rating of AIG to positive from stable
Xinhua: Syrians hold pro-government protests after a United Nations resolution intended to unseat al-Assad is aborted by China and Russia
PressTV: The U.S. plan for Syria involves incursions by Turkey, Qatar, Jordan and Israel
New York Times: Syrian unrest after a failure of diplomacy
ICBM in flight shortly after launch
NATO: Missile shield plans will proceed despite Russian unwillingness to accede to the idea that the immense expenditure of capital is needed in order to guard against somebody shooting missiles at the Europeans for whatever reason!!
Sunday, February 5, 2012
Mitt Romney scores a big victory in Nevada with broad support from the GOP's base elements
Summary of the career of the 70th Governor of Massachusetts
Summary of 2012 Republican primary campaign
Summary of 2008 Republican primary campaign
Friday, February 3, 2012
Dow rises 157 points under the spur of a far better than expected jobs report, plus the Nasdaq climbs to an 11 year high
Gold futures take a substantial fall for first time in four sessions following the release of the Labor Departments jobs report
Yield on the U.S. 10-year note jumps 12 basis points to 1.95%
Dollar loses ground relative to the euro in wake of jobs data
Labor Department jobs report: A booming 243,000 new jobs have been created and the unemployment rate falls to 8.3%, plus there were substantial upward revisions to previous months' jobs totals
Alan Krueger, Chairman of the White House Council of Economic Advisors, comments on the jobs report
CNBC: Steve Liesman sets forth the influence of the labor participation rate on the unemployment number
Rush Limbaugh: Happy days are here again in Obamaville? Raw numbers tell a very different story In order to really understand the level of propaganda in Limbaugh's prattle about the labor participation rate, it is helpful to review an explanation of the role of the labor participation rate in the computation of the unemployment rate delivered by an objective economist, such as CNBC's Steve Liesman in the link above
Rick Santelli: Here's what's wrong with the jobs numbers
European equity markets nudge higher in early morning trading before the U.S. jobs report
Asian markets were mostly lower in overnight trading ahead of the U.S. jobs report and the outcome of the crisis in Europe
Why the United States should get rid of the $1 bill
Debt of emerging market nations is growing in popularity among investors
Why did Solyndra go bankrupt? Because China developed a superior solar panel technology in a government-subsidized development program at the cost of $30 billion dollars. It is ironic that the collapse of Solyndra is being touted by critics as evidence that the U.S. government should not subsidize private enterprise on the theory that green energy subsidies lead to nothing but failure
Attorney General Holder addresses the House Oversight and Government Relations Committee regarding the failed Fast and Furious gun running operation
This isn't about wishing upon a star
November 6, 2012 is not very far away. Never take anything for granted. This time, each person must take nine people with them to the polls who would not otherwise vote. Plus, everyone should check now to see whether all people in their circle of acquaintances - particularly among the young people and senior citizens - have whatever identification in their possession that is required in their jurisdiction to be presented at the polling place. If they do not have the required identification, then encourage them to take the steps to acquire the needed identification right away - do not wait until the last minute
The claim is oftentimes made, by Republican pundits and other people featured in the news media, that President Obama cannot run in 2012 on his record. Nothing could be further from the truth, since the Administration actually has a very lengthy and impressive list of accomplishments. Robert P. Watson, Ph.D., a presidential historian at Lynn University in Boca Raton, Florida, has devoted a huge amount of effort to the compilation of an extensive record of President Obama's accomplishments to date. I have seen nothing comparable to the level of scholarship present in Professor Watson's work in any other source of information on this subject
The Royalettes: "It's Gonna Take A Miracle"
Thursday, February 2, 2012
Dow falls 11 points as the market awaits tomorrow's jobs report
Chairman Bernanke urges a Congressional armistice
Commodity shares power Asian equity markets overnight in response to optimistic reports on global manufacturing data
France sells €8 billion of bonds, with very strong bid-to-cover ratios
New York Times: Mortgage relief plan aims at refinancing dilemma left over from the subprime mortgage fiasco
Take a trip down Memory Lane: This link is to an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.
One thing is made abundantly clear by this trip down Memory Lane: People who point to the Community Reinvestment Act as the cause of the financial debacle are either intentionally trying to deceive anyone who will listen to them, or such people are grossly uninformed regarding the complexity and confluence of factors that led to the subprime mortgage crisis
John Dickerson: Romney's latest gaffe regarding the poor is the latest installment in a series of out of touch revelations MSNBC conversation on Romney's explanation of his comment on the poor
Romney proposes to raise and index the minimum wage to the rate of inflation Rush Limbaugh comments on Romney's views on the minimum wage
The simple truth: The author of this column really likes pictures of airplanes
Russian Sukhoi SU-33 Flanker-D aircraft carrier-borne fighters
Peabo Bryson: "Feel The Fire"
Wednesday, February 1, 2012
Dow ends trading with a 84 point gain as a rally fades under the pressure of profit-taking late in the session
Facebook files with SEC for a $5 billion initial public offering
Will the Facebook IPO create 1,000 millionaires?
Zuckerberg's stake of Facebook is worth at least $16 billion
Lead underwriter on the Facebook IPO: Morgan Stanley
Institute for Supply Management manufacturing index climbs to 54.1% in January
President Obama proposes new mortgage refinancing plan and seeks Congressional approval
Amanda Gengler: Do not rush into REITs
Romney wins by a large margin in the Florida primary
Tuesday, January 31, 2012
Dow and S&P 500 have their best January since 1997 despite today's loss of 21 points
Congressional Budget Office: Budget deficit will dip slightly, but deficit will run $1.1 trillion for the fiscal year ending on September 30th
S&P/Case-Shiller: U.S. home prices post steep price declines in November, with prices falling to 2003 levels
West Texas Intermediate climbs above $100 per barrel following austerity measures in Europe and eased concerns regarding Iran
Gold settles higher in response to proposed eurozone plan
Flag of Iraq. horizontal tricolor charged with "Allahu Akbar" in Sufic script
Remember me? Forget about the role of Iran, because it is the events in Iraq that are threatening to move oil prices higher
Consumer confidence dipped in January
Most Asian equity markets post decent gains overnight
European Union leaders endorse a stricter fiscal pact
Eurozone joblessness hits its highest level since the birth of the euro
Markets push the yield on Portugese bonds to the level facing a pariah sovereign such as Greece
Freddie Mac invests in securities that will profit from homeowners who are trapped in high interest rate mortgages
Freddie Mac: A mess, and likely to stay that way
Paul Farrell: China's commodities bubble is set to pop
Which jobs pay better - the government sector or the private sector?
Newt Gingrich: Romney is a liberal and a liar who is no different from Barack Obama
Romney ridicules Gingrich on the eve of the Florida primary
U.S. drones provoke outrage in Iraq amid charges of infringement by the United States on the country's sovereignty
Mary Mary: "Yesterday"
Monday, January 30, 2012
Afghanistan: The irresistible illusion
Dow closes down 7 points as good news regarding business loans and manufacturing activity in Texas convinces the market to look past continuing problems with Greece
The price of oil falls as Eurozone worries raise concerns regarding future demands for energy
U.S. wages rise 0.5% in December, but spending ebbs and the national savings rate hits 4.0% in 2011
Asian stocks weaken overnight as focus remains on Europe
Asia awaits Japanese earnings reports this week
Dollar index regains some lost ground overnight following last week's slippage brought about by the Federal Reserve's interest rate forecast
Apple wrestles with China problem - migrant workers have become an underclass
Iran hits back at Europe with its own oil embargo threat
Charley Blaine: Will the jobs report derail the market rally?
CNNMoney: President Obama's record on taxes
Florida: At $20 million, this may be the most expensive primary in history
George Will: Time is not Newt Gingrich's friend, because the more time Newt has the more he talks
Newt Gingrich's plan to colonize the moon is classic Newt - lunacy
She's back!! Sarah Palin says "Annoy a liberal, vote Gingrich"
Muir Woods in Marin County
The Temptations: "You Can Depend On Me"
Sunday, January 29, 2012
2012 Year of the Dragon
Xinhua: Chasing the Dragon, and the Monkey and the Rooster
Friday, January 27, 2012
Dow loses 74 points and books its first weekly loss of 2012
Conference Board: U.S. leading indicators advance 0.4% in December
New home sales declined in December to a level that is the lowest in recorded history
Gold sustains its rally against a falling dollar
Fitch downgrades five eurozone nations - Belgium, Cyprus, Italy, Slovenia and Spain
China's yuan set for more international role
Obama's 30% millionaires tax - fleshing out the Buffett rule
Anthony Mirhaydari: The economy is weaker than you think
Business Insider: 50 economies that will dominate the globe in 2050
Ethereal Beauty
Atlantic Starr: "If Your Heart Isn't In It"
Thursday, January 26, 2012
Dow slips for a 22 point loss as a strong open fails by the end of trading
U.S. stocks lose traction following poor data on home sales
The Hong Kong market leads Asia upwards overnight, but Tokyo slips lower after a mildly positive opening
George Soros: In 2009, Obama should have made a capital infusion into the banks that would have been politically unacceptable
George Soros: We need a better form of capitalism, or there will be increasing levels of social unrest
George Soros: Why I support the Buffett rule
George Soros: The euro will survive and a global recession is unlikely, although a recession in Europe is likely
Rex Nutting: Why expansionary austerity fails to add up in reality
Congressman Ron Paul wants to close the doors at the Fed and return to the gold standard, and these ideas are catching on with the GOP
Mark Hulbert: Are the financials a precursor of an improving market?
Washington Post: California and Nevada team up to investigate mortgage fraud during the subprime mortgage era
Israeli American-made F-16 fighter-bomber
Obama Administration: With respect to Iran, no options are off the table. That's a fancy way of saying "We'll attack you when we want to"
Israeli Defense Minister Ehud Barak: The time has come to attack Iran
An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to wipe Israel off the map
Another line of reasoning argues that Iran is an aggressive culture that is inclined to attack its neighbors. The last time Iran attacked a neighbor, namely, Russia, was in 1826
Rick Santorum: Iran's scary Shi'ite theology warrants a U.S. attack, since they are religious zealots with a penchant for homicide. Speaking of religious zealots: Judaism says this land is ours, so we are back to seize and hold it at gunpoint, a lot like thousands of years ago when it was called Canaan, and the God of Abraham told us it was okay to kill every man, woman and child living there in order to seize and hold the land
If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody
The Blowback Chronicles: Do you recognize this name - Mohammad Mosaddegh? Hint: What were you doing on August 19, 1953?
Vanessa Williams: "Dreamin'"
Wednesday, January 25, 2012
Dow closes up 83 points to reach an eight-month high
Fed makes an historic forecast of future rates and lowers outlook on growth
Asian markets make solid advances overnight on the basis of stronger-than-expected economic data
Japan posts its first annual trade deficit since 1980
Is the U.S. encouraging offshore investment?
How the stock markets perform after the State of the Union address
Did Obama really make government bigger?
Has Obama's housing policy failed?
There are three holes in Romney's economic development plan
CNSNews.com: Under Obama, the price of gas is up 83%, the price of ground beef is up 24% and bacon is up 22%
Dido: "Here With Me"
President Obama presents the State of the Union
Full transcript of 2012 State of the Union address
Full text of Governor Daniels' GOP response to the President's speech
Video of the President's speech to Congress
Dow loses 33 points as the talks on Greece hit complications
European stock markets declined in today's trading as market participants keep an eye on negotiations that might end the crisis in Greece
Asian markets advance overnight, with energy companies leading the way after the European Union votes to embargo Iranian oil
FHFA report: Writedowns of Fannie Mae and Freddie Mac mortgages that are underwater would cost the taxpayers over $100 billion
Romney v. Gingrich on the economy
Jonathan Alter: Five myths about Barack Obama
What is the definition of socialism? What does it mean to be a socialist?
National Conference of State Legislatures: Compilation of the Nation's voter identification laws
Summary of Nation's voter identification laws
Mississippi voter ID law rejected overwhelmingly by blacks, but supported by the states' whites
It's Time To Get Real
Grassroots efforts aimed at helping those who need assistance in order to acquire the necessary identification is what's called for here. Do not rely on the attorneys to successfully fix this issue before November. A little organization, money and effort will nullify this threat to the voting rights of potentially millions of people across the country. Start early; this is not something to leave until the last minute
Where Romney keeps his money is possibly bland by design
Romney made $42.7 million in two years according to his tax returns
The Originals: "Baby I'm For Real"
Monday, January 23, 2012
Profit-taking and ongoing interest in the European debt crisis steer the Dow to a 12 point loss on the day
IMF chief Lagarde urges larger firewalls and deeper integration to avoid a repeat of the 1930s
Sydney market falls overnight as Asia is quiet as holiday week markets weigh encouraging earnings reports against the situation in Greece
Asia focuses on central banks in the week ahead
How the U.S. lost out to China on the manufacture of the iPhone
Year of the Dragon roars into Asia
Financial Times: The European Central Bank has pared 3,200 debt instruments from its list of allowable collateral
Short-term euphoria over European debt auctions is overstated
Iran is urged to negotiate as the 27 nations of the European Union vote to impose sanctions over Iran's nuclear program
PressTV: World Bank forecasts that the Iranian economy will grow during 2012 despite the sanctions imposed from abroad
Dueling tax plans: Romney v, Gingrich
Jeanne Sahadi: Is Romney's effective tax rate of 15% lower than yours? Actually, probably not
Jacob Weisberg: Is Newt Gingrich nuts? Please consider the list of symptoms manifested to date before you answer this important question
Summary of the career of Newt Gingrich: Former assistant professor of geography at the University of West Georgia makes good in life despite being denied tenure at the University of West Georgia.
After a review of Mr. Gingrich's career, one is struck by the mediocrity of his credentials when viewed separately from his success as a politician. This is the person who the GOP base expects to dominate a debate with President Obama. In order to understand why the GOP base expects Gingrich to dominate the President, one must realize that the GOP base believes that President Obama is very dumb, and the base feels that the only reason why the whole world does not realize his abject ignorance is because the main stream media is covering up for the President's stupidity
As an example of President Obama's stupidity, right-wing media commentators oftentimes refer to an instance during the 2008 campaign when President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the Union.
The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.
When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim
New York Times: Romney and Gingrich trade jabs with each other as the GOP primary season rolls forward
Sunset at Tamarack Beach in Carlsbad opposite Vigilucci's Ristorante
Tony! Toni! Tone!: "It Never Rains In Southern California"
"Anniversary"
Saturday, January 21, 2012
Gingrich wins South Carolina primary, leading to the unprecedented situation in which each of the first three GOP contests has had a different victor
This isn't about wishing upon a star
November 6, 2012 is not very far away. Never take anything for granted. This time, each person must take nine people with them to the polls who would not otherwise vote. To say that this election is important totally understates the gravity of the situation that faces our Nation and the world. It is time to work hard and long at doing the right thing
The global street economy is probably the world's second largest economy, behind the economy of the United States
There are no guaranteed returns with gold ETFs
Russia's entry into the World Trade Organization redraws global resource map
Friday, January 20, 2012
Dow closes higher for the fourth straight week with a gain of 97 points
Gold and silver rally in trading today as investors are focused on Greece
Where to put your money if the bull market in bonds stumbles
According to U.S. Treasury Department, China cut its holdings of Treasurys in November
Gold futures ease overnight after upbeat numbers on U.S. jobless claims
At $400 billion, Apple is worth more than Greece
Mack Daddy Newt: A former Mrs. Newt Gingrich offers the nation a Maury Povich moment. . .and the results of the lie detector tests are . . .
Inside Newt Gingrich's tax return
Investors exit big-name mutual funds as star fund managers fall to earth
President Obama can sing Al Green like the record!Thursday, January 19, 2012
Dow gains 45 points on the strength of corporate eanings and jobs report
Jobless claims fall 50,000 to 352,000
Asian stock markets moved higher overnight after an injection by China's central bank into the money markets
Zhou Xin and Nick Edwards: China has multiple choices to avoid a hard landing, including the benefits of tax revenues of $1.6 trillion
As the European banks limp home to preserve capital, China has become lender of last resort in Asia
T. Boone Pickens: The rejection of the KeystoneXL pipeline project was a gift to OPEC that will directly benefit China
ABC News: Romney parks millions of dollars in the Cayman Islands
Is Romney's effective tax rate lower than yours is?
Surprise! Actually, Rick Santorum won Iowa, not Mitt Romney!
Rick Perry returns to the State of Texas after endorsing Gingrich, as well as making a lot of other mistakes over the course of his campaign
A December day at my neighborhood's beach - Pacific Beach, San Diego
Bloodstone: "Natural High"
Wednesday, January 18, 2012
The Dow rides energy, techs, banks and housing stocks to a 97 point gain, as all three major averages meet six-month highs
Newsweek's Andrew Sullivan: How Obama's long game will outsmart his critics
An interesting question should be raised whenever the claim is made that Mitt Romney is a superlative businessman, a claim generally based upon Romney's net worth of between $190-$270 million.
The obvious inference drawn is that only a keen business acumen could have amassed such great wealth. However, Mitt Romney comes from a wealthy family, and that reality raises a question: How much money did Romney inherit, or receive as intervivos gifts, from his parents and other relatives? I do not know the number of dollars, having never seen a figure stated in the media. On Monday, January 16th, Rush Limbaugh came to the candidate's rescue, or, in the alternative, stabbed him with a dagger. Never mind about the number of dollars, because according to Rush Limbaugh, Romney gave away his inheritance to Brigham Young University. Someone should really check to see what's what regarding this issue
Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it, so commentators would best be advised to not even bother to ask a question on the subject in an interview Summary of Ayn Rand's Objectivist opus
Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years
For example: Company policy - "We are not hiring until Obama is gone"
For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged
The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 8.6%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz
John Maynard Keynes
Summary of Keynesian economics philosophy
Mamta Badkar: The Obama Administration will reject the Keystone XL pipeline
Steve Hargreaves: KeystoneXL project has been rejected
U.S. industrial output rises as manufacturing rebounds at the best rate in a year
The International Monetary Fund estimates that it must raise $600 billion in new resources
Tami Luhby: Has the Obama housing policy failed?
ABC World News: Mitt Romney donated millions to Mormon church
Treasure Cove in Newport Beach
Miki Howard: "I'm In Love Under New Management"
Tuesday, January 17, 2012
Dow closes up 60 points as Wall Street feels optimism spawned by China's positive GDP report
China's 4Q quarter GDP beats estimates with a gain of 8.9%
Asian markets gain ground overnight after release of China's GDP figures
Gold tops $1,650 overnight as China's GDP data negatively affects the value of the dollar
European stock markets rally overnight under the influence of the Chinese GDP report
Anthony Mirhaydari: The final act of the eurozone debt crisis will force the U.S. down a painful path
Charley Blaine: Forecasting the market at the start of 2012 is determined by three issues: The economy, Europe and earnings
Jeffry Bartash: This month's economixc reports are likely to show that the economy is on an upwards pathStandard & Poor's credit rating cuts in the eurozone created a flight to quality on Friday in Treasurys, which resulted in price gains in U.S government debt instruments
Level of U.S. credit card debt falls 11% in 2011
Beyonce and Luther: "The Closer I Get To You"
Monday, January 16, 2012
European markets are shaken by the S&P downgrades, but are not broken, even though the EFSF seems threatened
Asian stock markets fell overnight after the S&P downgrades of nine European countries and the apparent stall of Greek debt negotiations
France sells €8.6 billion in bills, and it is a good sign that the yield on the bills has fallen from the level of a week ago
Europe can't catch a break
Craig Stephens: Will Beijing move to curb hot money outflows after report shows a drop in forex reserves?
CNNMoney: The 19th Century version of Occupy Wall Street
Occupy Wall Street gathers in New York's Zuccotti Park in December
The payroll tax cut: Is the revenue being replaced from elsewhere?
Romney put on the defensive in South Carolina, as Republican rivals vye for an edge in this Saturday's primary
John Huntsman quits the presidential race and immediately endorses Romney
New Santorum ad hits Romney: Why would you vote for someone who is just like Obama?
Romney bashing: Part 2 will focus on taxes
Many people are unaware that Martin Luther King, Jr. first gave his famous "I Have A Dream" speech on June 23, 1963 at Cobo Arena in Detroit. He spoke in front of a huge crowd, following a civil rights march by thousands of people down Woodward Boulevard. I was one of the marchers in Cobo Arena that afternoon. The speech was the most moving oration I have ever had the privilege to witness
Saturday, January 14, 2012
Okay, okay - it's back because of popular demand: The Obama Girl: "I've Got A Crush On Obama" and since once is seldomly enough, here is a second version of "I've Got A Crush On Obama"
Friday, January 13, 2012
Dow ends the week with a loss of 49 points, although the average had been down 159 points during the trading session
Standard & Poor's slams nine European sovereign credit ratings
Asian stocks climb in early trading amid optimism regarding Europe
Italy sells 4.75 billion euros of bonds, with an adequate bid-to-cover ratio of 1.22 and a yield of 4.83%
The lure to leave the euro may prove to be irresistible for Italy, Greece and other embattled euro-zone countries
U.S. debt nears $15.194 trillion debt ceiling - here we go again
President Obama asks Congress for debt limit hike of $1.2 trillion
The Administration proposes to merge six agencies involved with international trade and commerce into a single agency in order to streamline the bureauracy, help U.S. exporters and boost the economy
Has gold lost its glitter? Hurdles affecting further growth are very real
Why buying Alcoa is a bet on the economy
Michael Gayed: The China bull returns
Jim Jubak
Jim Jubak: Top 10 stock picks for the next 10 years
Housing stocks have been hot, but the rally may not last because housing's recovery may still be a good distance in the future
Election 2012: How rich are these guys?
Gingrich attacks Romney with the "Bain Bomb" - fact checking the attack film reveals its propagandistic nature
Did Romney really create 100,00 jobs? His math looks a little fuzzy
Larry Kudlow: Mitt Romney has offerred a big tax-reform step
You have three years to learn Mandarin. Better get started now
GQ: "I Do Love You"
Thursday, January 12, 2012
Dow gains 22 points despite disappointing jobs report and less than robust retail sales
Rate on 30-year mortgage drops to record low: 3.89%
European Central Bank and the Bank of England hold steady on interest rates, as well as quantitative easing
Most Asian markets move lower overnight after the release of Chinese inflation data and ahead of central bank meetings and auctions in Europe
Obama requests that Congress raise debt limit by $1.2 trillion
Oil pulls back sharply as the Europeans balk at imposing sanctions on Iran for the time being
Gold extends gains in overnight electronic trading
National Bureau of Statistics: Chinese inflation cooled modestly in December to a level of 4.1%
The Federal Reserve's Beige Book is more upbeat about the economy, which increased at a modest to moderate pace at the close of 2011
Foreclosure activity in U.S. at lowest level since November, 2007
Take a trip down Memory Lane: This link is to an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.
One thing is made abundantly clear by this trip down Memory Lane: People who point to the Community Reinvestment Act as the cause of the financial debacle are either intentionally trying to deceive anyone who will listen to them, or such people are grossly uninformed regarding the complexity and confluence of factors that led to the subprime mortgage crisis
Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it, so commentators would best be advised to not even bother to ask a question on the subject in an interview Summary of Ayn Rand's Objectivist opus
Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years
Company policy: "We are not hiring until Obama is gone"
The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 8.6%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz
John Maynard Keynes
Summary of Keynesian economics philosophy
Anthony Mirhaydari: The Fed's talk of quantitative easing is dangerous because it may spawn inflation
Mitt Romney says that concern about economic inequality is just envy
Ann Coulter: Who wouldn't enjoy firing these people?
Iran's distressed oil will keep flowing, but at a deep discount
New York Times: Iranian outrage over assassination of an Iranian nuclear scientist grows, along with threats of revenge
PressTV: Santorum refers to the assassination of an Iranian nuclear scientist as a "wonderful" thing
Washington Times: U.S. Navy readies for Chinese power grab on shipping The problem with this article is the same problem as with many articles in the Washington Times: It's so twisted and inflammatory that it's borderline nuts. The Washington Times' writers remind me of the crowd of children on the elementary school playground who circle around two boys who are arguing and chant "Fight! Fight! Fight!". Several countries around the South China Sea have differing, legitimate viewpoints regarding the application of international law with respect to rights of usage and exploitation of the South China Sea. In time, the disputes will be peacefully resolved. In the meantime, the Washington Times and others of the same genre gleefully chant "Fight! Fight! Fight!"
Queen Calafia's Island at sunset
The President and Obama Girl get down in a patriotic duet!!
Wednesday, January 11, 2012
Dow loses 13 points in a split market, as Europe, large oil supplies and slumping natural gas keep investors in check
Gold price shakes off effects of a weak euro and moves upwards under the influence of increased buying coming from China
Foreign firms have invested $6 billion into U.S. oil and gas drilling in the last few weeks
Treasurys gain after 10-year has a record breaking auction in which the yield was 1.90%, the lowest yield ever
Paul R. La Monica: Can anyone save Freddie Mac and Fannie Mae?
Price of West Texas Intermediate oil dips to near $101 as talks falter on the issue of embargoing Iranian oil
Destatis: Germany's GDP expanded at a rate of 3% in 2011
Asian markets rise overnight, except for China, which slipped despite anticipation of policy easing
Japanese stocks rise modestly in early trading as financials lead the Tokyo market higher as a reflection of gains on Wall Street
Matthew Yglesia: Japan's lost decade is very real
In an effort to denigrate President Obama, right-wing media commentators oftentimes refer to an instance during the 2008 campaign when President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the Union.
The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.
When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim
Summary of Republican 2012 primary season
Mitt Romney wins New Hampshire in historic follow-up to victory in Iowa
Video condemning Romney as a corporate raider, which is being aired in South Carolina by a super Pac favoring Newt Gingrich
GOP rivals hope to block a Romney trifecta with a win in South Carolina
Jacob Weisberg: Is Newt Gingrich nuts? Please consider the list of symptoms manifested to date before you answer this important question
O'Jays: "Stairway To Heaven"
Tuesday, January 10, 2012
Dow moves up 70 points, in tandem with oil and gold , in response to upbeat sentiments on global growth, particularly in China
Gold futures settle at highest levels in four weeks, but gold's performance was eclipsed by silver and palladium
Wall Street up over 100 points in early trading, spurred by an optimistic report from Alcoa and no bad news from Europe
FT.com: European markets see gains in early trading
Shanghai stocks surge overnight to lead gains in Asia
Chinese trade surplus widens to beat forecast
CNNMoney: Can China avoid a hard landing in its economy?
China has rejected U.S. trade restrictions on Iranian oil exports
Chinese Foreign Ministry: Sanctions imposed on Iran by the U.S., Britain and Canada will aggravate the situation
Shai Ahmed: Tensions concerning Iran and the Strait Of Hormuz will keep oil prices high However, Yahoo Finance places an equal amount of emphasis on rising demand from China and labor problems in Nigeria
Israeli American-made F-15 fighters
Israeli Defense Minister Ehud Barak: The time has come to attack Iran.
An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to wipe Israel off the map
If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody
Jihadist Hafiz Hanif: Al Qaeda's strength has been shattered on the Afghan border
Kevin Marder: The big money is biding its time
Memory Lane: Summary of the 2008 Troubled Asset Relief Program
The video link in this article entitled "New Year, New Economy?" is an excellent example of a conversation among "economics experts". Time will prove that many of the opinions and forecasts offered in this discussion are incorrect. The problem is the fact that many experts allow their political bias to dictate their analysis; consequently, many knowledgable people are very poor forecasters of future trends and events
Newsmax is a constant fountain of politics expressed in the form of a dire economic warning, as exemplified by this link. This genre is designed to strike fear into the hearts of the uninformed, and almost always are a sales pitch for some form of financial advice
Supporters of Newt Gingrich prepare to release in South Carolina a film attacking Mitt Romney as a ruthless financier while at Bain Capital
Rush Limbaugh: Gingrich goes Perot on Romney as an act of revenge
IRS gives offshore tax cheats another chance to come clean
Tebow Time
Monday, January 9, 2012
Dow closes up 33 points in a market where the major averages were little changed
World Bank will recommend that China make financial reforms
What is a super PAC?
Pro-Gingrich super PAC will air an anti-Romney video
Romney's steel skeleton in the Bain Capital closet
CNNMoney: What Mitt Romney did at Bain Capital
Fact or fiction: Romney's private equity past
Daniel Gross: The real problem with Romney's "fire people" gaffe
Congratulations Beyonce and Jay-Z!! I am so happy for you two!!
Dow loses 56 points with a trading pattern similar to the past two days
December jobs report: 200.000 new jobs lower the unemployment rate to 8.5%
Gold ends its four-day winning streak as the dollar strengthens
Thursday, January 5, 2012
Dow closes down 3 points, which was a substantial recovery from an intra-day loss of 135 points
President Obama describes refocused startegy for a leaner military
Recess appointments of Richard Cordray and three NLRB members draw fire from GOP opponents
Memory Lane from December 8, 2011: Senate blocks appointment of Richard Cordray
Jonathan Turley: Is the Cordray recess appointment constitutional?
Mark Levin: Obama's recess appointments create a constitutional crisis
Los Angeles Times: The recess appointments are a rational response to a gridlocked Congress
Wednesday, January 4, 2012
Dow climbs 21 points after a lackluster start of trading
Who is Rick Santorum? Summary of Santorum's career
Rachel Maddow draws contrasts between Ron Paul and Rick Santorum
Tuesday, January 3, 2012
Dow moves up 180 points on the back of positive manufacturing reports
Sunday, January 1, 2012
New Year's sunrise over the Atlantic - 311 days to Election Day
Friday, December 30, 2011
Dow falls 69 points on the year's last trading day. The Dow Jones Industrials gain for the year was 5.50%; the Nasdaq Composite Index saw a loss of 1.80%; and the Standard & Poor's 500 Index closed the year almost exactly flat
The New York Stock Exchange during the Christmas Season
Corporate bond returns fell short of Treasurys' 2011 gain of 9.61%. Everyone should take note of the fact that in 2011 there was a relentless barrage of economist, pundit and politician claims that the debt of the United States would soon be worthless. The fact of the matter is in 2011 the debt of the United States was the domestic asset class that gave the year's best performance to investors. The message is clear: We have gone through some extremely hard times, but the Nation's economy is sound and improving
Gold's 2011 gain was 8.41%, following a major pullback from the lofty highs of September, and a far cry from the levels of appreciation predicted by many doomsayer gold bugs during the stormy trading days of 2011. A reality is clear: The doomsayers were attempting to create a self-fulfilling prophecy; they should be named and shamed, and I will at a future date
The dollar's 2011 gain was 1.65%, during a year in which many foolish pundits predicted that the dollar would lose its status as the world's reserve currency. The foolish pundits should be named and shamed, and I will at a future date
Thursday, December 29, 2011
Dow bounces upwards 136 points after a better than expected pending home sales report
Gold falls over $20 in the futures contract's sixth straight loss
Scott Boyd: Betting on the dollar in 2012
Wednesday, December 28, 2011
Dow loses 140 points as worries about Europe erupt again
Tuesday, December 27, 2011
Dow loses 3 points in the lightest volume day of the year
Oil logs its sixth day of gains and tops $101 per barrel
Treasury Department declines to cite China as a currency manipulator
Consumer confidence shoots higher again
Paul B. Farrell: Will the market in 2012 be up 10% or will 2012 be Doomsday?
Sunday, Decemeber 25, 2011
A White Christmas in the California Sierra Nevada mountains
Emmanuel
Friday, December 23, 2011
Dow closes up 124 points as a good durable goods report offsets disappointing reports on spending and new home sales
Thursday, December 22, 2011
Dow closes up 62 points following the release of positive economic data
What the payroll tax deal would do for the country
Wednesday, December 21, 2011
Trading erases losses in the final hour, and Dow closes the session with a 4 point gain
The House and Senate show no progress in fight over payroll tax cut, unemployment benefits and Medicare payments
Justice Department announces a $335 million settlement with Bank of America over discriminatory lending practices
Tuesday, December 20, 2011
November housing starts data spur Dow to a 337 point surge
Jim Cramer: This rally is not for real
Monday, December 19, 2011
Dow falls 100 points amid uncertainty over Europe and a slump in Bank of America shares
Paul La Monica: Keep an eye on Asia
Friday, December 16, 2011
Dow closes down 2 points after losing an early 100 point rally
The Securities and Exchange Commission has charged six former executives of Fannie Mae and Freddie Mac with securities fraud stemming from its portfolio of subprime mortgages
Thursday, December 15, 2011
Amid continuing wariness over Europe, the Dow rises 45 points
Wednesday, December 14, 2011
Dow continues its slide with a loss of 131 points as stocks of companies with non-U.S. sales are hammered
Gold plunges nearly 5% and breaks its 200-day moving average
Tuesday, December 13, 2011
Dow loses 66 points as the Fed meets traders' expectation that interest rates will be left unchanged
Monday, December 12, 2011
Dow falls 163 points on renewed worries about Europe and Intel's cut of its revenue outlook
Friday, December 9, 2011
Dow jumps 187 points as trading is bouyed, for the day, by the European fiscal deal
European markets close higher amid optimism spawned by the European Union deal
European financial markets are steady in midday trading as investors eye the results so far of the European Union summit
Gold turns higher, and holds $1,700 level, after European Union summit reaches an agreement
NLRB drops case against Boeing regarding its South Carolina plant
U.S. trade deficit narrows to $43.5 billion in October
University of Michigan consumer sentiment index is at a six-month high
New York Times: 23 European leaders agree on a fiscal treaty, including all 17 members of the European Union that currently use the euro. Not included in the fiscal agreement are the Czech Republic, Hungary, Sweden and the United Kingdom
Britain's Prime Minister Cameron decides that Britain will stand alone
Britain's Labour Party criticizes Cameron's move as being isolationist
Asian equity markets drop sharply overnight, prior to any action at the European Union summit, on fears of an unresolved crisis in Europe
China's inflation report for November shows sharp easing
European Banking Authority: Europe's banks have a capital shortfall of $152.7 billion
National flag of Croatia
Croatia signs accession agreement to become the 28th member of the European Union in July, 2013
Sheila Bair: We need a new Volcker Rule for banks
Dollar rises more as developments in Europe spur risk aversion
Federal Reserve Bank: The U.S. household wealth dropped 4% in third quarter to $57.4 trillion
Howard Gold: Why are there no culprits on their way to jail this time, unlike with Enron and the savings and loan scandals of the 1990s?
Attorney General Holder refuses to fire aides who were involved in the Fast and Furious operation. Prediction: Someone will have to pay for this fiasco as soon as the facts of what happened are established
Ken Moelis: The Obama Administration can exercise a winning strategy in the summer of 2012, a strategy that would take many pundits by surprise and prove wildly bullish for the country's economic well-being Brian Gardner: The strategy proposed by Ken Moelis will never happen because it would be resisted by Congressional Democrats and the Democratic baseIncome gap widens within the African-American community according to census figures
Jacob Weisberg: Is Newt Gingrich nuts? Please consider the list of symptoms manifested to date before you answer this important question
Maxwell: "Whenever, Wherever, Whatever" and "Sumthin', Sumthin'"
Thursday, December 8, 2011
Dow sinks 199 points as fears of unsettled European problems return to predominance
Oil at $150 becomes biggest Nymex options trade as the U.S. and Europe work to limit sales of Iranian crude
Gold closes on the Comex at the lowest level of the week - $1,713.40
European stock markets end the day lower under the weight of Mario Draghi's comments
European Central Bank cuts its main refinancing rate 0.25% to 1.00%; in combination with its cut in November, the ECB has reversed the rate hikes it made earlier in 2011
Bank of England holds its interest rate steady at record low level and makes no change to its quantitative easing program
In pre-open, U.S. futures initially climb after ECB announcement, but fall again after comments by ECB president Mario Draghi with respect to not making aggressive bond purchases
Is this the calm before the storm?
European markets gain in early trading ahead of ECB decision
Asian markets decline overnight ahead of the ECB meeting and European summit on the debt crisis
The perspective of the Eastern European countries is influenced by their comparably solid public finances
Jon Corzine on MF Global: "I don't know where the money is"
U.S. jobless claims fall 23,000 to 383,000; however the number of claims, without seasonal adjustments, actually escalated
Senate blocks confirmation of chief for the Consumer Financial Protection Bureau
U.S. consumers borrow more in October in what is viewed as a sign of an improving economy
Summary of history of the Great Depression. It is a little known fact that there was only one major nation in the world that went through the 1930s with its economy virtually unscathed by the massive downturn - that country was ChinaChina views stimulus programs with hesitation in light of the performance of its economy
Central banks make contingency plans for life after the euro
Republicans link payroll tax cut to Keystone XL oil pipeline, in a move that sets up a confrontation with the Obama Administration
What effect does a payroll tax cut have on Social Security?
CNBC: Grover Norquist, president of Americans for Tax Reform, discusses what level he thinks government should be in a compassionate, wealthy country
The cost of high school dropouts is draining U.S. taxpayers
New York Times: The Robin Hood tax on financial market transactions
Sharyll Attkisson: ATF planned to use Fast and Furious to make a case for more stringent gun regulations
Game on in Iowa: GOP attacks target frontrunner Gingrich
New York Times: The GOP race is between Romney and Gingrich
Iranian commander claims the seized RQ-170 Sentinel drone was brought down by an electronic ambush. If this is true, then this incident is truly momentous. Simply put, this claim may not be true
Press TV: Iran airs footage of a downed RQ-170 Sentinel, which appears to be wholly intact and undamaged
MSNBC: Iran state television displays downed drone
New York Times: The drone downed in Iran reveals a secret U.S. surveillance effort is underway
Teena Marie: "Hypnotized"
Wednesday, December 7, 2011
Dow closes up 46 points as traders and investors appear to realize that any solution in Europe will not be reached quickly
New York Times: Chancellor Merkel's path seems to be one of brinksmanship regarding Europe's debt crisis
Asian markets climb overnight ahead of meetings in Europe
Treasurys gain in price as euphoria over a quick deal on Europe fade into realism The dollar gains against the euro as realism grows
Jeanne Sahadi: Billionaires with 1% tax rates are not implausible
Barclays cuts China's 2012 GDP forecast to 8.1% from an earlier forecast of 8.4%
What is the symbolism of the Chinese flag?
Apple loses iPad trademark case in China to a small Taiwanese firm
The Australian economy is surging on the strength of its mining boom
Gold moves sideways overnight after two days of losses
The value of Brazil's currency in relation to the dollar falls after that country reports weak GDP data
Aaron Smith: The world's markets are presently in the calm before the proverbial storm
Hibah Yousuf: Europe will be a catastrophe without a solution
Jeremy Grantham: This is what a real market crash looks like
Paul B. Farrell: Super rich vs. 99%: Class war will explode
The final moments of the USS Arizona
Pearl Harbor attack is remembered at the event's 70th anniversary
Pictured: The world at 7 billion people - a visual time capsule
Rush Limbaugh claims that President Obama's speech in Osawatomie was a Marxist attack on America
Controversy over the Consumer Financial Protection Bureau comes to a head with a key test vote in the Senate
Summary: Dodd-Frank Wall Street Reform and Consumer Protection Act
Robert P. Watson, Ph.D., a presidential historian at Lynn University in Boca Raton, Florida, has devoted a huge amount of effort to the compilation of an extensive record of President Obama's accomplishments to date. I have seen nothing comparable to the level of scholarship present in Professor Watson's work in any other source of information on this subject
Tuesday, December 6, 2011
Dow closes up 52 points, but the S&P 500 sees only a modest gain and the Nasdaq closes with a loss
Asian markets trade lower overnight under the weight of the S&P warning, as well as a move by Australia to lower its policy interest rate
European stock markets close slightly lower on the day's trading
Satyajit Das: From America to Asia, we are all in the Euro-zone
President Obama embraces Teddy Roosevelt's Square Deal in an appeal to the middle-class voter Video of the Osawatomie speech
Rick Newman: The case for ending the payroll tax cut
Governor Jerry Brown implores California voters to increase the state's income taxes in order to deal with budget deficits
Budget stalemate: Why America will not raise taxes
A recurring theme on talk radio is that President Obama made an apology tour in which he defamed U.S. accomplishments. Is such an assertion true? Actually, no, but the claim has been very effective propaganda smearing the President
Muslim Brotherhood wins a plurality in lower house of parliament election
Background information on the RQ-170 Sentinel drone
Avant and KeKe Wyatt: "My First Love"
Monday, December 5, 2011
Dow closes up 78 points after a strong rally was slashed by S&P announcement regarding downgrades of 15 Euro-zone countries
S&P rating warnings: Credit watch negative will be issued to all the AAA countries in Europe, namely, Germany, France, the Netherlands, Austria, Finland and Luxembourg, and during market hours the Wall Street Journal reported that all 17 Euro-zone countries will be placed on credit watch negative
France and Germany outline fiscal pact that raises optimism worldwide
Asian markets traded mostly higher overnight as investors hope for continued progress in Europe
Warning: The Technical Indicator forecasts that the current market action is a dead cat bounce
Oil rises to near $102 per barrel as tensions simmer regarding U.S. relations with Iran
Iranian Press TV: Iran military downs a U.S. spy drone
U.S. official denies assertion that Iran has shot down a RQ-170 drone in eastern Iran, and the U.S. claims that the drone was on a mission over western Afghanistan and did not intentionally enter Iranian airspace
Bloomberg Markets Magazine: The secrets of the 2008-2009 bailouts are now being told
HSBC China services PMI ominously falls to 52.5 from 54.1 in November
Hong Kong stocks lose ground at opening as telecom companies and banks lead the way down
Friday's trade data portends economic difficulties for the U.S.
President Obama pushes for a payroll tax cut extension
CNBC: Republicans show rare discord over payroll tax issue
Aaron Smith: The solution to the eurozone crisis is on the horizon
Charley Blaine: Will the week ahead derail Wall Street's 2012 performance?
National flag of India
Mumbai Sensex has its best one week gain in more than two years fueled by a revival in global investors' appetite for risk
Vladimir Putin's ruling party has received a severe setback from Russian voters in a parliamentary election
A trip down Memory Lane: In January, 2009, two top economic advisers of the Obama Administration, Christine Romer and Jared Bernstein, projected that, if the $787 stimulus plan was enacted, the level of U.S. unemployment would not exceed 8%. The projection was flat wrong, as witnessed by the levels of unemployment experienced over the last three years. The U3 unemployment rate is currently at 8.6%, and, during the Obama Administration, the rate has been as high as 10.1% in October, 2009.
However, a projection is not a promise, even though the Administration's critics routinely refer to the projection as a promise.
Parts of the media continually argue that jobs creation has been a failure because it has not lived up to the faulty Romer/Bernstein projection. Instead of the projection offered by two economists who apparently do not have the gift of prophecy, the unemployment levels should be compared to projections made in 2009 that indicated the Bureau of Labor Statistics U3 unemployment rate could reach 15% in parts of the U.S., or refer to the 2009 pundits who stridently indicated that economists were underestimating the crisis' future impact on employment levels.
Also, recognition should be given to the fact that in January, 2009 there was a tremendous outcry by the Administration's critics that derided any pessimistic forecast as irresponsible on the theory that pessimism tended to create a self-fulfilling prophecy, which would "talk the economy into a recession". The Administration's critics insisted that optimism was needed, and roundly attacked anyone within the Administration who suggested that a very rough road was ahead. In this game of rhetorical chess, there was no way for the Administration to win, and in the process the American people lose because the argument concerning whether the stimulus was successful becomes shrouded by a cloud of rhetoric that focuses on an incorrect projection rather than focusing analysis on the observable outcome of the stimulus program.
Cost of Federal unemployment benefits so far: $438 billion The proposed extension will cost another $44 billion
The top ten states in which to effectively operate a business
New York Times: The Drug Enforcement Administration helps the Mexican drug cartels to launder its drug profits
Romney declines an opportunity for a Lincoln-Douglas style debate in Washington with Gingrich
Gingrich leading in latest Iowa poll ahead of the January 3rd caucuses
Glen Campbell: "Wichita Lineman"
Saturday, December 3, 2011
Herman Cain, forever feisty and unapologetic, suspends his campaign under the pressure of multiple charges alleging personal misconduct
Friday, December 2, 2011
Dow closes down 1 point as the market loses a 127 point intraday gain
Labor Department: Unemployment rate falls to 8.6%, its lowest level since March, 2009, and the number of added jobs totals 120,000
Patti Domm: Analysis of the jobs report
Carlos Torres: Analysis of the jobs report
Theories of the concept of unemployment
Who is Alan B. Krueger, Chairman of the White House Council of Economic Advisers?
Asian stock markets are mostly higher ahead of the U.S. jobs report
The Justice Department has detailed how it got certain statements wrong regarding Fast and Furious
Zbigniew Brzezinski: The U.S. is becoming a gated community - in 2011, there is more economic upward mobility in Europe than in the U.S.
Newt Gingrich: Poor children have no work habits unless they are doing something illegal
Thursday, December 1, 2011
Dow slips 26 points as profit taking follows yesterday's meteoric gain
Asian markets joined the global rally overnight
China's economy appears to be slowing despite policy easing
Nataliya Vasilyeva: The global market euphoria will run out of steam and maybe already has burned out
Massachusetts sues big banks over alleged illegal foreclosures
Oil slips to near $100 per barrel as equity market euphoria fades
Grieving Pakistanis question their country's role in the U.S. war on terror
Thomas Edsall: The future of the Obama coalition
Mitt Romney struggles to find a strategy to counter Newt Gingrich's surge in the polls
Tamia: "You Put A Move On My Heart" and "Slow Jams"
Wednesday, November 30, 2011
The Dow soars 490 points as central banks extend help to Europe
U.S. futures skyrocket at 8:00 AM ET following the announcement of a coordinated move to encourage liquidity around the globe by key central banks
China PBOC cuts bank-reserve requirement by 0.5 point
Press release of the Board of Governors of the Federal Reserve
Anthony Mirhaydari: Action by the central banks will not save Europe
Jim Cramer: The action by the central banks suggests that things are worse than we thought
Cyrus Sanati: The move by the central banks will not solve Europe's problems, only a properly handled eurobond can succeed
CNBC: An explanation of today's central bank action
Daniel Wagner: Move by central banks has exhilarated
Wall Street
Asian stock markets retreat overnight as optimism on Europe once again fades
Eurostat reports that the inflation rate in Europe remains at a level of 3%, but the unemployment rate ticked up to 10.3% in October
ADP: November private-sector jobs increase by 206,000
Diana Olick: Home prices continue to sink, as does the percentage of homeowners
Mark Hulbert: Gold is likely to be higher at the end of the year
Tuesday, November 29, 2011
Dow gains 33 points, but a 100 point rally fades near the close as technology companies put a drag on the market
American Airlines' parent company files for Chapter 11 bankruptcy
Standard & Poor's alters its criteria with the result that big banks see immediate ratings cuts
Home prices in the U.S. have fallen to eight-year lows under the pressure of an overwhelming volume of foreclosures
The Consumer Confidence Index leaps to 56.0 in November from 40.9 in the previous month
Asian equities traded higher overnight as optimism over Europe lives on
India's growth rate is expected to dip below 7% for the first time in more than two years
Iran's oil production has been targeted by the Obama Administration
Bush tax cuts are the real end game of the present problems in Congress
Marc Faber: There are no longer any free markets - just government manipulation
Is this the nail in the coffin? An Atlanta woman alleges that she had a 13- year sexual affair with Herman Cain
Lani Misalucha
Lani Misalucha, Asia's Nightingale, is truly special: "The Ultimate Whitney Houston Medley"
Monday, November 28, 2011
Dow soars 291 points as a wave of optimism floods global markets because of developments in Europe and positive retail sales in the U.S.
European stock markets rally as that region's crisis seems to have eased, sparking a wave of global optimism
European officials have agreed on how to leverage the EFSF
Asian stocks climb overnight with banks leading the way
Asian markets look towards data regarding the level of manufacturing in China for an indication on the direction of the equity and debt markets
Japanese CPI fell for the first time in four months, which raises concern at the IMF that Japan is in a deflationary slide and approaching an unsustainable level of public debt
Craig Stephen: China may be at a policy turning point
Banks around the globe are building contingency plans for the possible collapse of the euro
The European Central Bank is refusing to print money in an attempt to alleviate the debt crisis
Dr. Ben Bernanke, Chairman of the Federal Reserve
Bloomberg Markets: Extensive exploration of the controversial issue of Fed loans to major entities during period of 2007 to 2010
Black Friday rings in retailers' big season in a year in which the stakes are higher than ever given the concerns regarding the economy
Occupy Los Angeles and Philadelphia face eviction decisions
Pakistan charges that 24 of its troops were killed in a NATO attack by helicopters and fighter aircraft Pakistan blocks NATO ground supply route in response to deadly attack
Pakistan tells NATO to leave an air base used for drone attacks
Feds open formal safety probe of the Chevy Volt in light of fire problems
Five Heartbeats: "Nothing But Love"
Friday, November 25, 2011
Dow loses 26 points under the influence of continuing problems in Europe weighing upon investor sentiment
Bloomberg Businessweek: Black Friday shoppers will exceed 152 million and sales may exceed $20 billion
Dollar firms on Black Friday as Europe's leaders' inaction
pulls the euro lower, and Hungary is hit with a downgrade of its debt to junk status
This isn't about wishing upon a star
November 6, 2012 is not far away. Never take anything for granted. This time, each person must take nine people with them to the polls
Dow and S&P 500 log in the worst Thanksgiving week since 1932
Asian equity markets struggled overnight under the spectre of continuing problems in Europe
Howard Gold: The year 2012 could be a good one for the markets
Kevin Marder: The market turndown may have run its course
Initial public offerings are set to stoke San Francisco's housing market
A Federal bankruptcy judge has ruled that Harrisburg, PA's bankruptcy filing is illegal under Pennsylvania state law
India opens the door to its $450 billion retail market by allowing foreign supermarket chains
Brains v. Keynes: How neuroscience is transforming our understanding of economics
Yahoo News: The Occupy protests have cost the Nation's cities at least $13 million
Rush Limbaugh: The real story of Thanksgiving
Egypt's generals apologize for the deaths of protesters in Tahrir Square but reject a quick end to their military rule
Greek riot police clash with protesters over new property tax that is alleged to harshly affect the poor
Barbra Streisand: "The Way We Were"
Thursday, November 24, 2011
Fitch cuts Portugals debt rating to junk status, but European equity markets extend gains after German Ifo data
Euro on death watch after investors spurn German bonds
Nikkei takes a plunge as Tokyo catches up following yesterday's holiday
Dexia is reportedly using emergency liquidity facilities
Europe ups the ante on its controversial eurobonds
William Watts: In the face of tremendous adversity, the euro has proven to be very resilient
Brazil's GDP is predicted to exceed $2.4 trillion in 2011 and will exceed that of England to become the world's sixth largest economy
Iran claims to have arrested 12 CIA agents who were attempting to disrupt its nuclear program
Unrest in Egypt stirs fears inside Israel because it is predicted that the Muslim Brotherhood will be a big winner in upcoming elections
NetNet: Demonstrators plan to occupy retailers on Black Friday
Another beautiful November day in San Diego 
Scherrie Payne Mary Wilson Susaye Greene
A loving shout-out to my precious Facebook friends, Mary and Susaye
"You Are The Heart Of Me" and "High Energy"
Wednesday, November 23, 2011
Dow falls 236 points as another day of worries about Europe, as well as China, ruins the market
Asian markets fall overnight as all eyes turn to a HSBC flash report that indicates a contractionary manufacturing sector in China
European equity markets vacillated between gains and losses before the opening of Wall Street, buffeted by the influence of a disappointing German bond auction and manufacturing data released in China
A poor manufacturing survey from China, which indicates that the sector is contracting, severely trounces Asian stock markets overnight
Darrell Delamaide: The good news is that the Super Committee has failed, since its mission was a bad idea from the start
Charles Riley: The Super Committee has failed, now what?
Jim Cramer: Politicians in the U.S. and Europe have lost touch with the reality facing the stock and credit markets
Not funny, not cool: Controversy erupts regarding Rep. Bachmann's appearance on the Jimmy Fallon show
Mitt Romney advances his 2012 campaign in New Hampshire with an inaugural television ad that is flagrantly misleading with respect to a statement made by the President Mitt Romney, the former governor of Massachusetts, is cited by Rachel Maddow as a repeated liar and outed in a series of videotape evidence
Troop levels and issues concerning Iran prompt sparring among GOP contenders at CNN national security debate
They say it's a lot easier to save money when you know what you're saving for. Okay, how about this for a goal: An Aston Martin Vantage S roadster, just a very reasonable $170,000, plus taxes and licensing. You can avoid those pesky bank account maintenance fees by converting a small room in your home into a really large piggybank! Go for it!!
Amy Keys: "Lover's Intuition"
Tuesday, November 22, 2011
Dow closes off by 54 points as a midday rally inspired by the International Monetary Fund collapses heading into the close
Asian markets have moved off of their opening lows overnight as traders try to look beyond debt problems and search for bargains
Moody's: The rise in interest rates on French government bonds imperils that country's AAA rating
Jeanne Sahadi: The failure of the Super Committee is a red flag to the Nation's investors
Christopher Hinton: Pentagon budget cuts may lead to more efficiency in the world's most expensive military
Is it true that President Obama has never submitted a budget to Congress, and that Congress has acted without a budget for two years?
Paul B. Farrell: There will be very slow growth in 2012, and then the world's equity markets will experience a bear market until 2020
MF Global trustee estimates that the amount of money missing from client accounts may be greater than $1.2 billion
Worth reading: "How I got $1.3 million to open a start-up business"
Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it, so commentators would best be advised to not even bother to ask a question on the subject in an interview Summary of Ayn Rand's Objectivist opus
Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years
Company policy: "We are not hiring until Obama is gone"
The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate stuck at 9.0%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz
John Maynard Keynes
Summary of Keynesian economics philosophy
The sun sets over the Indian Ocean off the coast of Kenya
As many readers of this column know, I lived in Detroit when I was a kid. In this link, a childhood friend of my cousin Joyce performs one of the songs that made him a star. The first time I heard Smokey sing was in 1956; it was in my grandmother's living room, and he sang "Why Do Fools Fall In Love" better than the original 45 rpm record. I was seven years old, and Smokey was a sixteen year old student at Northern High School
Monday, November 21, 2011
Dow plunges 249 points as the Super Committee faces failure and gold falls substantially below $1,700
Asian markets trade lower overnight under the weight of a stronger yen
Wall Street Journal: Super Committee will announce that it has failed in its mission to resolve the debt crisis
Economists warn that a Super Committee failure could trigger another U.S. credit downgrade
President Obama pledges to veto any effort to undo automatic spending cuts following the failure of the Super Committee
David Marsh: The world's greatest macroeconomic imbalances are within the Eurozone - the euro must be split up
Europe is the biggest threat to U.S. corporate earnings
President Obama signs veterans tax credit bill
AIG's Greenberg sues the U.S. for $25 billion with respect to the actions taken to save AIG
Douglas Schoen and Patrick Caddell: President Obama should not run for re-elction, instead he should step aside and let Hillary Clinton run for the highest office
Standard Chartered: China's yuan will appreciate at a gradual 3.3% relative to the dollar in 2012
Israeli American-made F-15 fighters
Israeli Defense Minister Ehud Barak: The time has come to attack Iran.
An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to wipe Israel off the map
If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody
New York Times: The number of "near-poor" startles the Census Bureau
Occupy Wall Street after two months: A scorecard
Newt Gingrich, who is known for speaking his mind, tells the Occupy protesters: "Go get a job right after you take a bath"
Yolanda Adams: "Open My Heart"
Friday, November 18, 2011
Dow closes up 25 points as the market is held in check by Europe worries and apprehensions over the budget deal deadline
Regulators close down two banks, one each in Iowa and Louisiana
Debt committee countdown: Approaching the 11th hour
Charles Riley: The Super Committee escape hatch
Ben Rooney: The crisis in Europe just won't quit
An llinois water plant is the subject of an apparent cyber attack
Thursday, November 17, 2011
Dow falls 135 points as European fears once again slam Wall Street
Jobless claims fall to 388,000, the lowest level since April
The paradox of austerity: As new graduates return to their parents' nest, the economy also feels the pain
David Pilling: How America should adjust to the Pacific century
Few things under the sun are truly amazing. This link is truly one of the most amazing under the sun: Le Plus Grand Cabaret Du Monde
Wednesday, November 16, 2011
Dow falls 191 points in a late-afternoon plunge following a Fitch Ratings warning of potential damage to U.S. banks from European debt
Oil tops $102 a barrell following decision regarding pipeline from Gulf of Mexico to Cushing, Oklahoma
Measure to ban Congressional insider trading gains support
Wall Street Journal: The alleged Congressional insider trading is a hyped-up non-scandal
U.S. announces plans to base 2,500 Marines in Australia
Newt Gingrich
Newt Gingrich was paid at least $1.6 million by Freddie Mac for what appears to have been lobbying Summary of the Gingrich career
Robert P. Watson, Ph.D., a presidential historian at Lynn University in Boca Raton, Florida, has devoted a huge amount of effort to the compilation of an extensive record of President Obama's accomplishments to date. I have seen nothing comparable to the level of scholarship present in Professor Watson's work in any other source of information on this subject
San Diego's La Jolla Cove
The Delfonics: "La La La Means I Love You"
Tuesday, November 15, 2011
Dow closes with a 17 point gain after the day's rally fades in the final hour
Americans boost retail spending in October by 0.5%
U.S. wholesale prices fall by 0.3%, but the core rate remains unchanged
Europe's rising bond yields create alarm among investors
Gold closes up as investors mull safe-haven appeal
Herman Cain stumbles when asked about U.S. policy regarding Libya
In an effort to denigrate President Obama, right-wing media commentators oftentimes refer to an instance during the 2008 campaign when President Obama stated that there are 57 states in the Union. Here is a video of the quoted language. The gaffe is frequently cited as proof that the President does not have the sense of a fifth grader, or as proof that he is a secret Muslim who, in a Freudian slip, has confused the fact that there are 57 predominantly Muslim countries in the world with the number of states in the Union.
The real reason behind the President’s gaffe is seldom mentioned in the media, but the explanation is very straight forward. The conversation in which the misstatement occurred was on the subject of the Democrat’s primary season. The Democrat’s primary season is made up of 57 contests, which are sometimes referred to in shorthand as the “57 state primaries”. In fact, the description of the process is quite complicated because although many states have primaries, 13 states actually have caucuses rather than primaries, plus Texas has both a primary and a caucus; in addition, there are also contests in American Samoa, the U.S. Virgin Islands, Guam, Puerto Rico, the District of Columbia and the primary for Democrats who are living abroad. That description is a mouthful, hence the shorthand phrase: “57 state primaries”.
When President Obama misspoke, he meant to refer to the fact that his campaign had participated in all 57 state primaries; unfortunately, he failed to say the word “primaries”. The result: a significant percentage of the U.S. population uses this conversation as confirmation of their belief that the President is either hopelessly stupid or a secret Muslim.
Monday, November 14, 2011
Dow closes off 75 points as the fears over Europe return to Wall Street
Asian markets climb overnight after Italy taps a new leader
Why the United States is not Italy
Yields jump on Spanish sovereign debt as banks trim exposure
The Telegraph: Israel refuses to tell the U.S. what its intentions are regarding Iran
Mitt Romney: Threatens to attack Iran to prevent it from getting nuclear weapons
Does Israel have nuclear weapons? Yes. Apparently, as long as the Israelis don't say they have nuclear weapons, there's no problem, at least according to people who do not view Israel's arsenal as a threat
Israeli American-made F-16 fighter-bomber
Has any Iranian official ever threatened to wipe Israel off the map, as many commentators frequently claim? Actually, no; the claim is not true. Has Israel ever threatened to attack Iran? Yes, virtually every week. In addition, Israel carries on a steady onslaught of sabotage and assassinations against the Iranians
Friday, November 11, 2011
Dow jumps 260 points to move back into the black for the year
Afghanistan: The irresistible illusion
Message of thanks from First Lady Michelle Obama
Lee Greenwood: "God Bless The USA"
Thursday, November 10, 2011
Dow closes up 113 points following positive data on unemployment claims and the U.S. trade deficit
Keystone XL pipeline delayed by the Administration until 2013
The rate on the 30-year mortgage falls below 4% for the second time
Has Rick Perry made the worst self-inflicted wound in modern debate history?
Wednesday, November 9, 2011
Dow plunges 389 points as fears of a euro collapse erupt and send shock waves through Wall Street and Europe
Italy: Definitely too big to fail and probably too big to bail
Christine Lagarde: The global economy is at a tipping point
Ohio vote shows that labor unions are still a political force
Ishaan Tharoor: Why China is right not to yield to pressure on Iran
Tuesday, November 8, 2011
Dow climbs 102 points following announcement by Italy's Berlusconi that he will leave his Prime Minister position
Italy's problems are bigger than whether Berlusconi is in charge
Oil drilling in the Arctic is set to increase under Obama Administration plan
Gold futures gain but fail to close above $1,800
Attorney General Holder: The tactics of Fast and Furious will not be tolerated
Monday, November 7, 2011
Optimism in Europe pushes the Dow to an 85 point gain
Italy's bonds have been dragged into the danger zone
Keystone XL oil sands pipeline is still in doubt
Bill McKibben: Criticism of the Keystone XL pipeline project
Friday, November 4, 2011
Dow closes down 61 points as the week finishes with a 2% loss
The jobless rate falls to 9.0%, in a jobs report that includes extensive revisions to previous months
G20 summit generates action plan for global economy
Thursday, November 3, 2011
Dow jumps 208 points on good news out of Greece and lower jobless claims
Study outlines the fact that many companies pay no income tax
Wednesday, November 2, 2011
Dow climbs 178 points as Fed indicates that the economy has life
Tuesday, November 1, 2011
Dow plunges 297 points as turmoil in Greece erupts concerning a referendum on its debt
Monday, October 31, 2011
Dow falls 276 points as fears over Europe arise again
MF Global files for bankruptcy protection
Xinhua News Agency: China's position regarding the current resolution of the European debt crisis
Who decides if Greece triggers a credit default swap payout?
U.S. planning a troop buildup in Gulf after exit from Iraq
The Golden Gate Bridge at sunset
The Emotions: "Don't Ask My Neighbors"
Friday, October 28, 2011
The October surge continues with a Dow gain of 23 points
Gold's weekly gain stands at 6.8%
Thursday, October 27, 2011
Dow jumps 340 points on positive developments in Europe and economic data
European leaders announce a deal on Greek debt crisis
Consumers and businesses pump up third-quarter growth
Wednesday, October 26, 2011
Dow closes up 162 points after being spurred by a report that China will aid Europe
Tuesday, October 25, 2011
Dow reverses course for a 207 point loss as consumer confidence falls and euro-zone worries regain focus
Monday, October 24, 2011
Dow climbs 105 points as more data indicates that recession may not be imminent
Troubled homeowners get a lifeline from the Obama Administration
Friday, October 21, 2011
European debt talks spur a 267 point surge in the Dow
Thursday, October 20, 2011
Dow manages a 37 point gain on optimism about Europe
Wednesday, October 19, 2011
Dow closes down 72 points after the market stalls following the release of Fed report
Tuesday, October 18, 2011
Dow climbs 180 points as hope regarding Europe once again emerges
Monday, October 17, 2011
Dow falls 247 points as European debt problems once again demand attention
Big hurdles ahead of Europe's debt deadline
Friday, October 14, 2011
Dow closes up 166 points as Dow and Nasdaq move back into the black for 2011
Does Herman Cain's 9-9-9 plan add up?
Thursday, October 13, 2011
Dow slips 41 points in a lackluster day of trading
The Whispers: "A Song For Donny"
Donny Hathaway: "Someday We'll All Be Free" "For All We Know"
Tuesday, September 27, 2011
Dow closes up 147 points on Eurozone euphoria, but the average had been up by 325 points earlier in the trading session
CNNMoney: The stability of the euro rescue fund is on the line
Reports of an expanding European Financial Stability Facility spark global equities rally, but many analysts urge caution
Gold surges in a market powered higher by bargain hunting
Labor Department reports that U.S. consumers earned less and spent less for the second year in a row
European markets rally overnight, following in the path set earlier by Asian markets
Asian markets rally overnight in response to positive news regarding the Eurozone
The secret is out: How to have $1 million for retirement by investing $225 per month. Actually, it's pretty easy and straightforward. Just do it
U.S. manufacturing slowdown: Four cities that are the most at risk
Rex Nutting: What has the government ever done for you? Actually, quite a bit, which is to say at least 10 things worth mentioning
ABC News: The jobs created under the American Jobs Act will cost $200,000 each, according to the estimate of a Harvard economist. Secretary Geithner is interviewed, without ever stating that the cost of each job includes a portion of the cost of materials and equipment to perform the construction job - it's not just salaries and administrative cost, as the quotation of the $200,000 figure implies
Derek Kravitz: The summer of 2011 was the worst home buying season in at least 50 years
Europe's debt crisis: Five things you need to know
John Carney: Are officials working on sovereign debt TARP for Europe?
Flag of Singapore
Singapore Inc.'s losses mount in wake of UBS trading scandal
Analysts: China continues the slow, steady rise of the yuan against the U.S. dollar
Politico: Health reform lawsuit appears to be speedily headed to the Supreme Court
Chante Moore: "Inside My Love"
Monday, September 26, 2011
Dow leaps 272 points for its biggest gain in a month, despite weakness shown by Apple
Gold falls for the fourth straight day as the Comex December contract closes below $1,595
Gallup: Polling results indicate that Americans express historic negativity toward the Federal governmentTed Rall: The global economy is tied to a dying man, and that dying man is the U.S. economy
David Marsh: German Chancellor Merkel is replaying 1931, the year that Britain left the gold standard
Myra Saefong: Copper and coal may be crystal balls with respect to the outlook for the global economy
George Soros: The euro debt crisis is worse than the financial crisis in the U.S. in 2008
Yao Yang: The renminbi needs to appreciate if China is to resolve its huge current account surplus
Flag of Greece
Jim Jubak: What happens next if Greece defaults?
Marc Faber: The price of gold may fall to $1,100
New York Times: Is the Chinese economy in trouble too?
Al Jazeera: WikiLeaks cables allege that China is buying gold in order to weaken the U.S. currency's position as the world's reserve currency
U.S. quietly slips all 100,000 troops out of Afghanistan in the dead of night! That's it, we're gone for good this time!
Sunday, September 25, 2011
Video of President Obama's speech yesterday evening at the Congressional Black Caucus Foundation dinner
Rep. Maxine Waters: Critical of the address, continues to make the rounds of the TV talk shows
Rev. Al Sharpton: Comments in defense of the President's choice of language and issues
Saturday, September 24, 2011
Herman Cain wins the Florida straw poll; Perry takes second and Romney places third
Who is Herman Cain?
Miami Herald: Rick Perry is in deep trouble
Mitt Romney is well received by Michigan Republican activists
Friday, September 23, 2011
Market moves up for a 38 point gain in the Dow. Nevertheless, this week has been the worst for the market in the last three years
Gold price takes biggest plunge - 5.9% - since 1980
Paul La Monica: The euro will survive
Michael Pettis: The euro will not survive
Chancellor George Osborne: Six weeks to save the euro
Sovereign-debt spiral is seen to imperil Europe
Can the Federal Reserve get the banks to lend more?
SolarCity loses U.S. loan guarantee bid as all eyes are on the Solyndra collapse spectacle
Washington Times: Bankruptcy scenario played out before the Solyndra collapse
New York Times: In rush to assist Solyndra, the U.S. missed warning signs
Solyndra executives repeatedly invoke the Fifth Amendment in questioning before House Committee
Palestine submits statehood bid to the United Nations amid huge applause from the members of the General Assembly
The ten richest Americans: The wealthiest 400 Americans are worth approximately $1.5 trillion, which is roughly the GDP of Canada
Governor Rick Perry releases a political ad featuring himself as Captain America. Miss Teen USA contestant answers a foreign policy question in 2007. Governor Perry answers a foreign policy question at a Republican debate in 2011 Video of Perry's "answer"
Larus Californicus - a California gull, which is not to be confused with Dumbo, the cartoon turkey, who is featured many times in this column
The Commodores: "Easy"
Thursday, September 22, 2011
Dow tumbles 391 points as recession fears dominate equities and commodities
Dollar jumps to 8-month high against the euro
Copper prices are getting killed
Gold slides to a 3.7% loss as the dollar gains
David Weigel: The Federal Reserve's role in our society is established by law. Some people do not like that reality
Brad Plumer: The pseudo-debate over Solyndra
What are the issues presented by the NLRB's action against Boeing with respect to that company's attempt to build the 787 Dreamliner in South Carolina?
Speed-of-light experiments give baffling result at Cern lab. Is Einstein's special theory of relativity wrong?
Wednesday, September 21, 2011
The reaction is not good to the Fed's announcement: Dow plunges 284 points
The Fed plans to shift $400 billion in holdings in effort to boost the economy
Text of Federal Reserve's rate decision
United Nations Headquarters
During President Obama's address today to the United Nations, he referred to countries threatening to wipe Israel off the map. This threat is attributed to Iran, and the assertion has been commonly voiced about Iran in the U.S since 2005. Has Iran ever threatened to wipe Israel off the map? Actually, Iran has never threatened to wipe Israel off the map. President Obama's reference today to the false claim regarding Iran may one day haunt him in the same way that Colin Powell is haunted by his 2003 address to the Security Council in which Secretary Powell falsely asserted that Iraq had weapons of mass destruction
Video of President Obama's address today to the United Nations General Assembly
Did you know that China has been the world's largest economy for 18 of the last 20 centuries? That fact is buried in this link, which is in large part filled with many of its author's dubious opinions
Sales of existing homes surge 7.7% in August
Officials state that the U.S. is building secret bases for drones in the Horn of Africa and the Arabian Peninsula
Vanessa Williams: "Save The Best For Last"
Tuesday, September 20, 2011
Dow gains 8 points after an early rally fades as the market awaits tomorrow's word from the Fed
Monday, September 19, 2011
Dow drops 108 points as worries about a Greek default dominate the market
Friday, September 16, 2011
Dow closes up 76 points to clinch a 5-day winning streak
Why big companies are axing jobs
The dollar continues its climb against the euro
Thursday, September 15, 2011
Dow soars 186 points as Eurozone fears ease
Mortgage rates hit record lows
Jeff Cox: Are investors taking Europe's problems too lightly
Solyndra is not the only firm to hit bottom after receiving stimulus funding
Wednesday, September 14, 2011
Dow climbs 141 points on assurance from France and Germany that Greece will not be ejected from the Eurozone
Perry explains his poor performance in college
Tuesday, September 13, 2011
Dow closes up 45 points in the face of continuing worries with respect to Europe
Record poverty level last year in the United States
Why Americans pay more for health care than residents of other nations
Monday, September 12, 2011
Dow closes up 69 points in a rebound from a deep loss during the trading day
Obama plans to end tax breaks to pay for jobs program
Italy has turned to China for help in debt crisis
Treasury yields hit record lows on euro turmoil
Friday, September 9, 2011
Dow plunges 304 points on rising fears that Greece will default
The 10-year Treasury hits another record low
Viewer audience for President Obama's speech was 31.4 million
Economists show support for the Administration's jobs-growth plan
CNBC: Employers say jobs plan will not spur hiring
Heatwave: "Always and Forever"
Thursday, September 8, 2011
Dow falls 119 points after a disappointing speech by Chairman Bernanke
Video of President Obama's speech to Congress
CNNMoney: What's in Obama's stimulus plan?
Wednesday, September 7, 2011
Relief rally boosts Dow by 276 points after three trading days of losses
Federal Reserve releases its Beige Book: The economy is subdued
Gold loses ground, with an intraday loss of $79, as traders favor riskier assets
Survey shows that the U.S. has fallen to 5th place in terms of global competitiveness
Rick Perry's economics team is to date free of economists
Tuesday, September 6, 2011
Dow falls 101 points in trading racked by fears concerning the European and U.S. economies
10-year Treasurys hit a record low yield
Gold hits an intraday record of $1,923.70
Ben Rooney: Is the euro doomed?
Mitt Romney releases a 59 point jobs plan
Friday, September 2, 2011
Dow plunges 253 points in wake of dismal jobs report
August jobs report: Zero jobs growth
Gold rallies $50 as other investments head south for the day
President Obama yields on smog standards under GOP pressure
Feds sue big banks over the sale of risky mortgage debt
Thursday, September 1, 2011
Dow slides 120 points on continuing economic worries
Pechanga - the largest casino in California
How did Native American gambling casinos come to be?
Wednesday, August 31, 2011
Dow gains 54 points and moves back into the black for 2011
Gold gains 12% in August
Department of Justice files suit to block merger of AT&T and T-Mobile
Solyndra bites the dust: One of America's most expensive cleantech bets files Chapter 11
Some company CEOs make more than their company pays in federal income tax
Tuesday, August 30, 2011
Dow closes up 21 points on hopes of further action from the Fed
Consumer confidence plunges to Great Recession levels
Gold advances more than 2% and regains $1,800
Monday, August 29, 2011
Dow closes with a solid gain of 255 points as the market is bouyed by consumer spending and insurance stocks
President Obama names Alan Krueger to head Council of Economic Advisers
Treasuries fall on strength of U.S. consumers
The dollar weakens as investors turn to riskier assets
Sunday, August 28, 2011
Irene leaves few scars in New York City, however the amount of lost business revenue is extensive
Jose Feliciano: "Light My Fire"
Friday, August 26, 2011
Dow gains 135 points following Chairman Bernanke's speech on Fed intentions
Thursday, August 25, 2011
Dow closes off 171 points as Eurozone worries slam the U.S. market
Treasury 7-year notes auctioned at record levels
Wednesday, August 24, 2011
Dow rally continues with a 144 point gain powered by the financial companies
Gold has worst day since March 2008
A compilation of gold's ten worst days
Congressional Budget Office: The U.S. deficit in 2011 will be $1.3 trillion
Governor Perry zooms to front of GOP field in presidential race Background information on Rick Perry
Tuesday, August 23, 2011
Dow surges 322 points as tech and energy shares lead the rally
Monday, August 22, 2011
Dow finishes up 37 points after a wild day of trading
Gold rises to a record just short of $1,900
Friday, August 19, 2011
Dow falls 173 points following Hewlett-Packard announcement amid ongoing economic worries
Stock market has begun to feed economic fears
How can Obama solve long-trem unemployment?
Thursday, August 18, 2011
Dow slumps 420 points as investor fears boil over the prospect of a new recession
The yield on the 10-year Treasury hits a record low
Gold closes at a record $1,822 on growing economic fears
U.S. jobless claims rise back above 400,000
Wednesday, August 17, 2011
Dow closes with a 4 point gain after giving up a 124 point gain early in the trading day
Tuesday, August 16, 2011
Dow loses 77 points on Eurozone worries
Fitch Ratings keeps the U.S. at AAA
Gold futures add $27 to mark a new record close
Monday, August 15, 2011
Dow jumps 214 points as the major averages regain the ground lost in the wake of the U.S. credit downgrade
Warren Buffett: Stop coddling the super-rich
Gold rallies on global currency action
Friday, August 12, 2011
Dow closes up 126 points as the very volatile week ends
Thursday, August 11, 2011
Dow soars 423 points as the roller-coaster market continues to roll
Wednesday, August 10, 2011
Dow falls 520 points as European bank crisis goes global
French bank stocks plunge on market fears
Treasury yields are near all-time lows, but today's auction was a success
Crude oil gains 4.5% on a surprise drop in inventories
Dow companies stockpile more cash
Tuesday, August 9, 2011
Dow closes with a gain of 430 points following a tortuous roller coaster trading day
The Fed announces that it will hold rates at low levels into 2013. The decision brought three dissenting votes
Treasury auction produces healthy bid-to-cover ratio
Oil settles at lowest level since September
Gold continues to surge higher
Roya Wolverson: Why QE3 would not save the economy
Daniel Gross: Is the U.S. credit rating a victim of GOP sabotage?
Bob Sullivan: Was the S&P downgrade an act of revenge?
Monday, August 8, 2011
Dow falls 635 points in response to S&P downgrade and worries about the European financial system
U.S. stocks plunge in early trading in a market roiled by the S&P downgrade
Gold price tops $1,700 as investors seek refuge
After the downgrade, the rates on Treasurys remains low
Asian stock markets fall overnight in reaction to the downgrade of U.S. debt by Standard & Poor's
Hong Kong under pressure to end peg to the U.S. dollar
Treasury yields inch up overnight in global trading
Gold bullion at all time highs overnight after S&P's action
Associated Press: It is the economy, not just the downgrade, that is sending markets lower
European Central Bank will buy government bonds
Xinhua News Agency logo
China issues a stinging rebuke to the United States regarding its debt problems
Emily Kaiser: Repeating the mistakes of 1937 by cutting back on government spending too soon
Rating downgrade: Did S&P get it right?
Memory Lane: In April, 2011 Secretary Geithner stated that there was no risk that the U.S. would lose its AAA rating
Jonathan Burton: How to brace your portfolio for another recession
A recurring theme on talk radio is that President Obama made an apology tour in which he defamed U.S. accomplishments. Is such an assertion true? Actually, no
Sunday, August 7, 2011
Stocks tumble in the Persian Gulf
Tel Aviv stocks fall 7% after U.S. debt downgrade
Saturday, August 6, 2011
Navy SEAL Team 6 helicopter shot down in Afghanistan, marking the largest loss of American life in the ten-year war
American households are more in debt than the U.S. government
Friday, August 5, 2011
Standard & Poor's downgrades U.S. debt to AA+ after the close of the financial markets
Text of downgrade by Standard & Poor's of U.S. rating
Patti Domm: Markets now have to work through what was at one time thought to be unthinkable
Dow closes up 61 points after roller coaster day
Unemployment rate falls to 9.1% as U.S. economy adds 117,000 new jobs, with private sector adding 154,000 jobs
U.S. stocks erase opening gains in early trading as the market yo-yos
Asian stock markets cascade downwards overnight, as that region joins the global equity rout that has been spawned by a loss of confidence
ECB's bond buying is a lesson on how to not intervene
Rush Limbaugh: There aren't enough rich to tax. Limbaugh's point is that since a confiscatory tax on the super-rich would not balance the budget, why raise their taxes at all. Say that real fast and it makes sense; say that real fast and it makes sense; keep saying that
Marc Faber: The world economy is rolling towards total collapse
Paul Krugman: Wrong and right concerning the recent stimulus plan
Any California hillside at dawn in springtime
Patti Labelle: "You Turn Me On"
Thursday, August 4, 2011
Dow plunges 513 points in a blowout that erases gains for the year amid worries about the global economy
U.S. stock market plunges more than 365 points on the Dow in early trading on rising fears of a global slowdown
Gold futures soar as much as $18 an ounce, moving further into record territory, before falling back to a loss
Treasury yields drop deeper into November levels
Price of crude oil falls to lowest level since February
For the history books: The 50 worst closes of the Dow
European Central Bank is buying member bonds in the secondary market as it holds interest rates steady
Reuters: The world is poorly placed to meet a new economic crisis
Reuters: Obama and Bernanke are out of ammo to boost jobs and growth
The yen slides after the BOJ intervenes overnight to curb its rise
Treasury: U.S. debt is now 100% of 2010 GDP To truly understand this event, one must know that Japan's debt is 225% of its GDP
Is Asia decoupling from the economic problems in the U.S. and Europe?
Mortgage rates plunge and are now flirting with new lows
Katharine McPhee: "Over The Rainbow"
Wednesday, August 3, 2011
The Dow recovers all of a 166 point loss to finish the day with a 30 point gain, ending a losing streak that lasted eight days
U.S. stock markets struggle in early trading after weak economic reports
Anthony Mirhaydari: Is there a major market meltdown ahead?
Chris Isidore: Recession warnings are on the rise
Harry Dent: A major crash is coming for stocks and commodities are already topping out Who is Harry Dent?
A drunken Ben Bernanke tells everyone at a neighborhood bar just how screwed the U.S. economy really is!
ISM report shows that the service sector has slowed and factory orders are down on weak demand
The U.S. will sell $72 billion in Treasury debt next week
Long-term bonds extend gains to 5th straight day
Gold surges upwards to new record levels as buyers indicate pessimism that nations will grow their way out of present difficulties
Jeanne Sahadi: What's wrong with the debt ceiling deal?
Benyamin Appelbaum: Spending cuts seen as a step, not as a cure
Knight Kiplinger: Ten things you should know about the debt agreement
One cannot talk about government spending without talking about Bridges to Nowhere, such as the infamous Gravina Island Bridge project in Alaska, which was projected to cost $398 million and service 50 people. Obviously, not all government spending is wise or necessary; however, in a nutshell, not all cuts are wise or necessary. The object should be to operate government well, and with fiscal efficiency, without the dogma injected into the debate by focusing on government's size
Freedom isn't free. The price has come due. It's time to get real
China joins Russia in blasting U.S. borrowing after debt ceiling agreement
The Chevy Volt is still not selling: 125 sold worldwide in July
Janet Novack: Tax hikes and epic tax fight are on the horizon
Mitt Romney taunts Obama over employment woes in Chicago
Chaka Khan: "Everlasting Love"
Tuesday, August 2, 2011
President Obama signs Budget Control Act of 2011
A collection of images from the debt and deficit negotiations
Dow plunges 266 points as economic fears grow after weak consumer spending report
Treasury bonds extend rally after Senare vote
Value of the dollar improves against most major currencies after passage of the debt relief measure
Americans cut spending for the first time in 20 months
U.S. stocks slide in early trading as economic worries continue
Cost of FAA shutdown could exceed $1 billion
President Obama: The FAA shutdown is a self-inflicted wound on America
President Johnson signs the Medicare provisions into law in July, 1965, as former President Harry S. Truman and his wife Bess look on with the First Lady. Mr. Truman received the first Medicare card; Mrs. Truman received the second card. The Medicare program has made effective medical care a reality for millions of elderly Americans over the last 46 years at a level that never would have been practicable, or affordable by the elderly, through what would be extremely and prohibitively costly private medical insurance.
Freedom isn't free. The price has come due. It's time to get real
Kenny Loggins: "This Is It"
Monday, August 1, 2011
Dow closes down 11 points as stocks yo-yo from large gains to large losses and back to nearly flat
Text of debt ceiling bill passed by the House by a vote of 269-161
U.S. stocks turn lower under the influence of the July ISM report, at one time the Dow was up more than 100 points and shortly thereafter the index was down more than 100 points
Gold declines as debt deal appears to be at hand, but the precious metal reverses direction after bearish ISM report
Stocks move higher in early trading
Prior to opening, U.S. stock futures indicate a big leap upwards
Douglas McIntyre: Ten signs the double-dip recession has begun
The Great Recession was the worst of the post-WW II era
Economists are marking down their estimates of future growth in 2011
HSBC: Manufacturing activity in China shrinks in July
Euro Zone manufacturing virtually stagnant in July
The cost, demand on resources, and value of the education of the American public are astronomical. An educated population is the cornerstone of a strong nation with a vibrant and limitless future.
Freedom isn't free. The price has come due. It's time to get real
Earth, Wind and Fire: "That's The Way Of The World"
Sunday, July 31, 2011
Obama and Congressional leaders reach a debt deal
Text of President's address regarding the resolution of the debt question U.S. dollar gains against other major currencies after debt deal
Asian markets surge on debt relief after President Obama announces a deal has been reached
Prior to the debt deal, U.S. weighed payment priorities in the event of a default in meeting obligations
U.S. poised to join Belgium, China, Israel, Japan, Kuwait, Saudi Arabia, Spain and Taiwan in the AA credit club
Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? Summary of Ayn Rand's Objectivist opus
Annie Lowrey: The $5 trillion coin This concept has received a tremendous amount of attention in the conservative media with an emphasis on its craziness, but without a mention of the fact that even the people who have offered this and similar solutions realize that such theories are just wacky posturing that is not meant to be taken seriously
Saturday, July 30, 2011
A key vote in the Senate has been postponed until Sunday afternoon
House Republicans reject Democratic Senate plan
How safe are safe havens in this debt crisis?
Treasury's $50 billion bill auctions are to proceed on Monday
CNBC explains: A summary of concepts regarding the national debt
Standard & Poor's Headquarters in New York City
Summary of Standard & Poor's as a rating agency
All eyes on the Senate: Can two cagey veterans deliver a debt deal?
Anthony Mirhaydari: Is the Tea Party ruining ther economy?
Student aid is at stake in debt crisis
Wall Street is doing much better than Main Street
Friday, July 29, 2011
Dow closes down 97 points, for its worst week in a year, as the combination of a weak economy and the debt crisis impact the market
House passes Boehner debt ceiling plan by a 218-210 vote, and sends the resolution to the Senate
U.S. market fades in early trading as debt deal appears to be elusive
President Obama addresses the Nation on the debt threat
Mariah Carey performs "Hero" The President can fly on the wings of the 14th Amendment. Relax, everybody
Republicans retool Boehner bill in order to woo more conservative wing support
Most Asian markets are down on debt and earnings concerns
Weak GDP rate of 1.3% adds to concerns regarding the economy, and the first quarter was revised downwards to 0.4%
Time.com: The top four red herrings of the debt debate
Gold gains record highs on poor GDP report
The value of the dollar relative to other major currencies falls overnight after the debt bill vote is cancelled
Japanese industrial output is soft in June reports
Gallup poll rates President Obama higher than Speaker Boehner or Majority Leader Reid on debt crisis issues
Rep. Connie Mack's one percent spending reduction legislation
China Xinhua: The U.S. debt fight is dangerously irresponsible
Howard Gold: Deal or no deal, the U.S. credit rating of AAA will not survive this dilemma
Meet the 17 countries in the AAA rating club
The U.S. Treasury has less cash thean Apple Inc.
Debt ceiling deadlock: Who will get paid?
This isn't like Lehman Brothers in 2008 again. Or is it?
Mark Mobius: U.S. dollar and Treasuries are no longer safe havens
Randall and Craft: How would a U.S. debt ceiling deal affect the Dow?
The Hoover Dam, a Federal construction project completed in 1936 in the Black Canyon of the Colorado River, at the height of the Great Depression, is only one example of the expensive infrastructure that has made the United States the powerful country that it is today.
Freedom isn't free. The price has come due. It's time to get real
Thursday, July 28, 2011
Fifth losing day in a row: Dow loses 62 points as debt ceiling turmoil continues
GOP calls off vote on Boehner plan for this evening
House delays vote on debt limit bill in early evening, since the GOP does not have the votes to pass the Speaker's plan
Jobless claims fall to three-month low of 398,000
Tokyo Stock Exchange
Tokyo stocks fall overnight below 10,000 on Nikkei in reaction to losses in the U.S.
European stock markets got off to a rocky start overnight, buffeted by a host of worries
Dr. Doom Nouriel Roubini: The U.S. will not default on its debt, but the country will see a fiscal drag
CNBC: What happens if the U.S. is downgraded?
Larry Kudlow: A downgrade is serious business
David Banister: Gold will hit $1,730 within weeks regardless of what happens with debt issue
Another opinion on gold - and a really great Vanguard Marketing commercial, which should be entitled "Clueless"
David Callaway: Could a debt downgrade spark a market rally?
Diana Olick: Vacant homes will drown housing recovery
George Soros - one of the greatest
financial markets strategists ever
Todd Harrison: George Soros follows his own advice
Chuck Jaffe: Five tips to survive if there is a coming market shipwreck
Anthony Mirhaydari: Protect your wealth from the U.S. debt disaster
Four dumbest things to do if you are deep in debt
Detroit to ration city services on the basis of the condition of the neighborhood
This picture shows a nuclear-armed B52-D bomber flying Fail-Safe guard duty over the North Pole during the Cold War, helping to insure that uninvited guests never appeared in the skies of North America. Freedom isn't free. The price has come due. It's time to get real
Wednesday, July 27, 2011
Dow plunges 199 points on debt ceiling worries, as well as a basket of other economic concerns
Associated Press: Hope for debt deal, despite disputes and veto threat
David Beers of Standard & Poor's: The problem with the U.S. credit rating involves more than just raising the debt ceiling
Debt ceiling: The trillion dollar mystery
Speaker Boehner issues blunt warning to debt dissenters
Guardian.co.uk: The United Kingdom's bonds have become the safest in the world as U.S. debt problems grow
Debt impasse or not, a change is coming on Social Security
What does the Tea Party think about the best resolution to the debt ceiling problem? The answer to that question is problematical, since the Tea Party does not profess to have a single leader or platform. However, Tea Party members would probably consent to the proposition that Rush Limbaugh can speak for them. What does Rush Limbaugh say? Here are some relevant excerpts: The debate reveals the President's real ideology Baseline budgeting The rating agencies play politics The relevance of the 14th Amendment Limbaugh interviews Speaker Boehner
Deborah Levine: The value of the dollar could rise because of fears of default
Sunny and 78 degrees - another perfect day in San Diego Earth, Wind and Fire: "Reasons"
Tuesday, July 26, 2011
Dow closes off 92 points as debt ceiling battle rages onwards
Monday, July 25, 2011
Text of President's address to the Nation regarding debt ceiling negotiations
Speaker Boehner's response to President's address
Howard Fineman: The GOP wants to secede from the country's long-standing social compact in the debt ceiling debate
Dow loses 88 points on debt ceiling fears
Secretary Geithner: We're almost out of runway
U.S. stocks tumble in early trading as worries over the debt limit continue
Shanghai stocks fall overnight, leading Asian markets lower, on jitters regarding a possible U.S. default
Moody's cuts Greece's rating three more notches to Ca from Caa1
Politico: Boehner wanted debt ceiling plan by yesterday
Gold hits new record in electronic trading overnight: Comex August delivery $1,617.70
Reuters: Timeline of the U.S. debt crisis
Debt ceiling impasse endangers safety net
One in five American men do not work. Where is the outrage?
Could a Republican president fix the economy?
Adam Liptak: The 14th Amendment may offer a way out of the debt ceiling crisis
Flag of Norway
Accused Norwegian mass killer wants to spark an anti-Islam crusade
Latoya London: "All By Myself"
Friday, July 22, 2011
Dow falls 43 points in a market influenced by Caterpillar's earnings miss and McDonald's great earnings report
Debt ceiling talks collapse and Senate rejects House Cap, Cut and Balance plan as a solution
Asian stock markets rally overnight because of the Greek bailout deal
Economic disconnect: A boom in corporate profits, while job levels and wages remain in recession
Ilya Spivak warns: Gold will fall below $1,320 in second half of 2011
U.S. loses $1.3 billion in exiting Chrysler
Robert Schroeder: Why the debt-ceiling brawl has not affected the bond market so far
U.S. currency swirling down a self-created black hole
Axel Merk, manager of Merk Hard Currency Fund: Dump the dollar
Charles Riley: How Congress could spark a credit crisis
Rick Newman: How a debt downgrade would harm America
New York Times editorial: The Republicans are the party that cannot say yes when the issue is raising taxes
States brace for debt ceiling default
Paul Krugman: The Lesser Depression
Charles Riley: Beware the debt ceiling vote - lawmakers do not like the feel of a stampede
Jim Jubak: Risks rise as the debt crises drag onward
Profitability of Treasury's PPIP mortgage program slips in the second quarter
Banging the drum to bring jobs back to the United States
Martha and the Vandellas: "My Baby Loves Me" and "Heat Wave"
Thursday, July 21, 2011
Dow leaps 153 points upwards under the influence of positive earnings reports and deal activity
Public Policy Polling: If the election were held today, Obama would most likely lose to a Republican challenger Rasmussen Reports: National telephone poll of likely voters
John Zogby: Obama legacy may be a withering American Dream
Steve Breyman: Explaining Obama's actions from a left-wing viewpoint
Paul R. La Monica: The markets fiddle while the economy burns - things are worse than the levels of the world's equity exchanges indicate
Factory activity rebounds in the Philadelphia region
June leading indicators point to slow expansion in the United States
European Union summit on Greece: High stakes, with few options available to the leaders
Reuters: Role reversal - Latin American leaders taunt the U.S. over its debt problems
Shanghai shares drop and the Sydney market pares gains after the release of data that shows a slowing in the Chinese manufacturing sector
Jeff Reeves: Why we will soon have 10% unemployment
Ron Paul: The U.S. will default because the debt is unsustainable
A little confusion: Will the Gang of Six plan hike taxes or lower them?
Historic Atlantis landing ends 30 years of space shuttle flights
Wednesday, July 20, 2011
Dow slips 16 points despite historic report from American Airlines
Surprise in housing sector: Sales of existing homes slips 0.8% in June
Changes in mortgage rules will make borrowing more difficult for some buyers
Diana Olick: Home ownership may fall more than expected
American Airlines orders 200 new aircraft from Boeing and 260 from Airbus, the biggest single order of civilian aircraft in history
Matthew Lynn: Quantitative easing is Europe's only way out of its financial crisis
CNBC: Video of interview with Glen Hubbard, dean of the Columbia Business School, regarding deficit reduction The problem with this interview is the fact that there is not the slightest indication in this discussion that virtually every key point forwarded by Dean Hubbard is potentially invalid and reflect points of view very much centered in Dean Hubbard's political preferences
A trip down Memory Lane: In January, 2009, two top economic advisers of the Obama Administration, Christine Romer and Jared Bernstein, projected that, if the $787 stimulus plan was enacted, the level of U.S. unemployment would not exceed 8%. The projection was flat wrong, as witnessed by the levels of unemployment experienced over the last 2-1/2 years. The U3 unemployment rate is currently at 9.2%. However, a projection is not a promise. Parts of the media continuously argue that jobs creation has been a failure because it has not lived up to the faulty Romer/Bernstein projection.
Instead of the projection offered by two economists who apparently do not have the gift of prophecy, the unemployment levels should be compared to projections that indicated the Bureau of Labor Statistics U3 unemployment rate could reach 14% without a Keynesian stimulus plan
Gladys Knight: :You Are The Best Thing That Ever Happened To Me"
Tuesday, July 19, 2011
Dow soars 202 points on hopes that a debt ceiling resolution is near, plus Apple reports historic earnings
Senate group offers plan, which has been endorsed by President Obama, with $3.75 trillion in deficit cuts
House passes Cap, Cut and Balance plan by a vote of 234-190 Text of H.R. 2560
Jason Furman: Unbalanced approach to deficit reduction - a critique of the House's Cap, Cut and Balance plan
IMF: Debt threatens to engulf Europe
Housing horror: It's worse than you think
Jim Jubak: Would a U.S. default mean disaster?
Gold shines, but silver is the moneymaker
Nation is ready to be lied to about the economy again!
Shaggy gives valuable advice that will eventually be needed by so many!
Monday, July 18, 2011
Dow loses 95 points despite recovering from steeper losses early in session
Asian stock markets fall overnight due to investor economic concerns
Gold futures rise above $1,600 overnight as investors worry over the effects of the euro-zone crisis and the impending U.S. debt ceiling deadline
Debt ceiling delay: A gunshot to the economy
Former Vice Chairman Alan Blinder: How a U.S. default could affect your finances
Obama: 80% of Americans back me on the debt deal
An $850 billion gamble: The credit agencies and the debt negotiations
Scott Pelley interviews President Obama on subject of whether the government's bills will be paid on August 3rd if the debt ceiling is not lifted Did Obama threaten that Social Security obligations would not be met? No, he's referring to the millions of bills due to be paid to non-military Federal employees, vendors and contractors - a figure that is 44% of the checks written monthly. The headline imposed on this issue in many parts of the media is totally misleading in that it claims that the President's answer was directed at Social Security payments, which it was not
Paul R. La Monica: Stop blaming inaction on debt ceiling for no jobs
Sue Chang: Market in for bumpy ride because of debt and earnings woes
Wall Street Journal: The concise explanation of why many people believe that taxes should not be raised Here is the really concise explanation: It's harder to get or stay wealthy. In the United States of 2011, harder is not popular
The bodyguard who assassinated Hamid Karzai's brother in Kandahar was a trusted CIA contact who apparently was won over by the Taliban
Who was Ahmed Wali Karzai?
Sunset at Black's Beach in La Jolla, as viewed from theTorrey Pines bluffs
Anita Baker: "No One In The World"
Friday, July 15, 2011
Dow struggles to a 43 point gain in a market blanketed in debt ceiling stress and weak economic reports
In a news conference, the President urges Congress to do something substantial to stabilize the U.S. economy for decades
Video of today's Presidential news conference
President Obama tells the Congressional leaders that it is decision time on the budget
Jackie Calmes: Behind the battle over the debt ceiling is actually the broader issue over the role and size of government
Asian markets were mostly lower overnight after stepped up warning by Standard & Poor's regarding possibility of U.S. default
The dollar skids downward after action by Standard & Poor's
Shanghai's nighttime skyline
Bank of America Merrill Lynch: Chinese land developers are healthier than a first impression might suggest
Mark Hulbert: Is this the beginning of the end of the entire real estate crisis?
Alicia Keys: "If I Ain't Got You" and "You Don't Know My Name"
Thursday, July 14, 2011
Dow loses 54 points in a lackluster day led by Chairman Bernanke's refusal to say that quantitative easing will continue
Home foreclosures plunge in first half of 2011
Short sale fraud plagues the residential market
Reuters: The U.S. dollar is in full retreat in Asia overnight trading, as New Zealand's currency hits a 30-year high
Republican stance on taxes is a bust with the public
Robert Powell: A U.S. default would be doomsday for investors
Anthony Mirhaydan: If the U.S. defaults, then blame health care
Jim Cramer: Should you buy into a U.S. debt downgrade?
Jeanne Sahadi: There will be chaos if Congress blows the debt ceiling
Yu Bin: China must assess its risk exposure because of the issues created by the debt limit question
Cruise ship anchored off Avalon Harbor, Catalina
The Originals: "Baby, I'm For Real"
Wednesday, July 13, 2011
Dow closes up 45 points as the market sputters following an initial triple-point surge
U.S. budget deficit on track to top $1 trillion for the third year in a row
Moody's warns it may downgrade U.S. credit rating
U.S. stocks rally in early trading as Fed Chairman Bernanke vows to help the economy in testimony before House committee
Reuters: The price of gold hits record high on push from Chairman Bernanke's comments and worries about the euro
Sade - Sometimes, one name is all a person needs: "Your Love Is King"
Tuesday, July 12, 2011
Dow off 59 points as Moody's downgrades Ireland's sovereign debt
This isn't about wishing upon a star
November 6, 2012 is not far away. Never take anything for granted. This time, each person must take nine people with them to the polls
Carrie Underwood's success on American Idol launched her rocket-fast climb to fame: "Jesus, Take The Wheel"
Monday, July 11, 2011
Dow closes down 151 points as debt worries batter stocks
President Obama holds news conference concerning the negotiations on the nation's debt limit
U.S. markets suffer in early trading under the pressure of global and domestic economic concerns
Al-Jazeera: South Sudan becomes the world's newest nation
New York Times: After years of struggle, South Sudan becomes a new nation
Background information concerning the conflict in the Sudan. The problem with descriptions of this conflict is the fact that the descriptions are unreliable on the facts of what happened during the history of this struggle
New York Times: The U..S. is deferring $800 million in aid to Pakistani military
Senate Democrats draft debt reduction bill, which includes a tax rate hike to 39.6% on individuals making more than $500,000 and an increase in the capital gains rate to 20%. The Republicans have countered with a plan based solely on $4 trillion of spending cuts
President Obama says that the U.S. cannot afford to default
Rush Limbaugh maintains that the threats of dire default are lies
Robert Schroeder: If the debt ceiling is not raised, what would happen next? Would it be total economic collapse or just a hobbled government?
Jeff Klientop: Four possible outcomes of the debt ceiling debate
Rick Santelli: Video of comments on the implications of refusing to compromise on the issue of spending Who is Rick Santelli?
Jonathan Weisman: Entitlement cuts divide the White House and Congressional Democrats
The State Column: Secretary Geithner says that the hard times will continue, and his words are being amplified by the right wing media for all they are worth
Paul Wiseman: Flat jobs data signal the weakest recovery in decades
President Obama's scorecard in handling the housing conundrum
New York Times Opinion Pages: The worst time to slow the economy
Mitt Romney strikes against David Plouffe's comments regarding the relevance of bad employment numbers in a new campaign ad: The Audacity of Indifference
Dartmouth College professor David Blanchflower: The Fed will launch a new quantitative easing program by the fall of 2011
Ashanti and Smokey Robinson perform: "Ooh Baby Baby"
Friday, July 8, 2011
The week's most important report: Jobs increase by a paltry and stunningly bad 18,000 positions, with an unemployment rate rise to 9.2%. Problems are becoming self-reinforcing as stock futures plunge on the release of jobs data
Dow closes trading day with a 62 point loss, as oil and copper lose ground but gold continues to advance
World stock markets tumble because of U.S. jobs report
Video of President Obama's address to the nation today on his plans to deal with joblessness
MarketWatch: Weak jobs figure raises the spectre of a double-dip recession that would last into 2012 and perhaps beyond
Reuters: Jobs barely rise, which douses hopes of a near-term revival. The implications of today's report are overwhelming, as exemplified by the above graphic
Presidential candidate Michelle Bachman is interviewed on CNBC concerning the weak jobs figures Background information on Rep. Michelle Bachmann
David Plouffe, a top Obama advisor, states that Americans are unconcerned about the unemployment rate or GDP when they cast their vote. He is very incorrect
Also incorrect were: then Speaker Nancy Pelosi, who stated that passing the healthcare legislation would unleash hundreds of thousands of new jobs, as well as Vice President Biden, who has on several occasions predicted that an explosion of jobs growth was only a month or two away in the Recovery Summer
Asian stocks rise under the influence of optimistic sentiment prior to the release of U.S. jobs data
Lawmakers weigh changes in Social Security in the form of an adjustment in the way that inflation is guaged
Warning from CRT Capital: The bond market is more bearish than ever
Minnesota loses AAA credit rating because of its budget problems
Emily Flitter: The Treasury bond market is wilting as the Fed waves goodbye
Jeanne Sahadi: The perils of a debt limit issue "grand bargain"
Oil slips to near $98 prior to jobs report
Jim Jubak: The Chinese economy is not about to crash
Gold market forecast for 2011
Economic collapse forecast for 2011
Reuters: Gold stocks will outshine bullion in the post- quantitative easing environment
The Washington Post: Compendium of shocking details regarding the Atlanta Public Schools cheating scandal
Thursday, July 7, 2011
Dow closes up 93 points as stocks near 2011 highs
President Obama seeks up to $4 trillion in deficit cuts over the next decade
Reuters: The President and Congressional leaders continue debt talks
Employment data shows two hopeful signs, but the most important revelation is released tomorrow
European debt fears spark chatter on oil, gold and the future of the dollar on StockTwits
Jeanne Sahadi: Cut, cap and balance the debt ceiling . . . or else? Maybe, not so fast
CNNMoney: A survey of economists forecasts that home prices will continue to fall through 2011 and maybe into 2012
Your mortgage might be denied despite the fact that you have perfect credit
Bank of America shares take a hit because of continuing legal concerns
Bank share gains in Hong Kong push that market forward despite losses among Tokyo's utilities
David Weigel: Congress' present actions to solve the debt-limit issue are futile
Christine Lagarde takes over the IMF and pledges to bring diversity to the organization
Across Atlanta Public Schools some teachers work secretly, feverishly - and unethically - to improve student's test scores
Was Michele Bachmann really attacked by lesbians in a bathroom during a constituent forum?
Everybody knows her name, because she's smokin' hot and workin' it
The Temptations: "Say You" and "This Is My Promise"
"Born To Love You" and "What Love Has Joined Together"
"You're My Everything" and "Just My Imagination"
Wednesday, July 6, 2011
Traders are surprised as the Dow moves 56 points higher after a down start to the day
Anthony Mirhaydan: Two real keys to getting the economy back on track
Auto industry, seeing new life, is on a hiring spree
Fletcher Asset Management: A hedge fund's unorthodox practices
China raises key interest rates
Why is Asia the biggest market for IPOs?
The hidden costs of the U.S. fuel economy regulations
Visa sees debit card rules slowing economic growth in 2012
Kelly Clarkson: "A Moment Like This" and "Before Your Love"Tuesday, July 5, 2011
The winning streak for the Dow ends as the average loses 13 points amid a rebound in gold and oil
Afghanistan: The irresistible illusion
John Nichols: Medicare is still delivering after 45 years
Mitt Romney: Obama has made the economy worse
Newsweek: The Founding Fathers were flawed like today's politicians, so it's time to stop embalmimg them in infallibility
The moon rises over the Eastbay and San Francisco on a summer's evening
Montell Jordan: "This Is How We Do It" Montell lets the world know that South Central does it like nobody does
Monday, July 4, 2011
Whitney Houston: "Star Spangled Banner"
Lee Greenwood: "God Bless The USA"
Friday, July 1, 2011
Dow closes up 168 points as rally marches on under the steam of an upliftng manufacturing report
The price of gold slips in response to strong manufacturing data
China's services slowdown adds to concerns regarding that country's growth
Mort Zuckerman: Why the jobs situation is worse than it looks
Eric Wasson: Wall Street takes debt drama in stride
Noam Chomsky criticizes Hugo Chavez regarding Venezuela's handling of Maria Lourdes Afiuni
Brown University study: The cost of the wars in Afghanistan and Iraq to the United States is $4 trillion
Luther Vandross: "Don't Want To Be A Fool"
Thursday, June 30, 2011
Dow soars 153 points as market experiences its best four-day run in nearly a year
Wednesday, June 29, 2011
Dow climbs 73 points as Greek parliament approves an austerity plan
Video of President Obama's press conference
Wednesday, June 8, 2011
The longest Dow losing streak in a year continues as the average loses 22 points
Tuesday, June 7, 2011
Dow ends session down 19 points following pessimistic comments from Fed Chairman Bernanke
Monday, June 6, 2011
Dow falls 61 points as stocks slip for fourth straight day
Friday, June 3, 2011
Dow loses 97 points after economy produces only 54,000 new jobs
Wednesday, June 1, 2011
Dow plunges 280 points as a weak jobs report batters the market
Friday, May 27, 2011
Dow closes up 39 points under the influence of a falling dollar
Consumer spending is tepid as inflation accelerates
Colin Barr: Do not believe the U.S. default-fear hype
Bill Gross: It would be disastrous if the U.S. misses a debt payment
Serbian court rules that Ratko Mladic can be extradited to The Hague
Thursday, May 26, 2011
Dow climbs 8 points despite continuing economic worries
U.S. corporate profits fall, GDP report at 1.8% growth and initial jobless claims rise
Chinese government is expected to buy European bailout bonds
Summary of British Mandate for Palestine
Deborah Cox:"Nobody's Supposed To Be Here"
Wednesday, May 25, 2011
Dow climbs 38 points in a market boosted by metals and energy companies
Commodities rally sends crude oil back above $101 per barrel
John Mauldin: A default in Greek debt will spread beyond just Europe
Harry Dent: Major crash coming for U.S. stock market in the late summer
Treasury slated to receive $7.1 billion from sale of AIG stock
Summary of the 1947 United Nations partition plan for Palestine
Tuesday, May 24, 2011
Dow falls 25 points
Oil rises 2% as Goldman Sachs boosts price forecast
Monday, May 23, 2011
Dow loses 131 points as European debt woes roil the world's equity markets
World markets slide as focus returns to problems in Europe before opening in New York
Spain's Socialists are trounced in election amid economic turmoil
Value stocks are back in vogue
Currencies could drive stocks over the near term
Fourteen spectacularly wrong predictions
British pound and Australian dollar are both under pressure
Questions and answers about Europe's debt crisis
Jacob Weisberg: Are the Republicans losing their grip on reality?
Tamia: "You Put A Move On My Heart" and "Slow Jams"
Friday, May 20, 2011
Dow loses 93 points amid whiplash market action as the retail sector leads the market lower
In an Oval Office meeting, Netanyahu rejects Obama's plan to return to borders of 1967
Three stock sectors that may provide security in a risky market
Republican senators press the Administration on responsibilities under the War Powers Act
Newsweek: The Taliban after bin Laden
The link below is to a video that is an example of a genre of inflammatory financial advice that has exploded in popularity since the 2008 financial crisis. Generally this genre forecasts some form of financial collapse - such as the dollar no longer being the World's reserve currency or hyperinflation. Oftentimes the product being sold is gold. In this video, the product pushed is the financial advisory service of Porter Stansberry
Thursday, May 19, 2011
Dow gains 45 points, but the market seems to lack leadership
Fewer people applied for unemployment benefits for the second straight week, an indication of healing on the employment front
Home sales falldespite uptick in purchases by first-time buyers
Chinese set new standard as gold purchasers
Video of President Obama's speech on Palestine
Background of the Six Day War in 1967
A new bin Laden audio tape is released by al Qaeda
Wednesday, May 18, 2011
Dow rallies 81 points on the strength of technology and energy companies
Senate blocks bill which would have repealed $2 billion in tax breaks for oil companies
Fed considers how and when to tighten credit as the economy improves
Coming soon: A mortgage that is understandable by laymen
Appreciation in the yuan versus the dollar will have a substantial impact over the next five years
Congressman Ron Paul advocates selling the gold in Fort Knox in order to lower U.S. debt
Mitt Romney raises over $10 million in campaign funds for the 2012 presidential race in one day Who is Mitt Romney?
A U.S. Army Apache helicopter and Pakistani Army forces exchange gunfire along border of Afghanistan and Pakistan
Precaution: Just because you've seen Serena's home, that does
not mean you're invited to visit her
Coolest homes of Venus and Serena Williams and other famous athletes
Tuesday, May 17, 2011
Dow slides 69 points following weak macroeconomic data
Gold and silver fall on news that George Soros has greatly reduced his positions in precious metals
Municipal bonds bounce back
The nation's homebuilders are missing out on economic recovery
The default deniers maintain that the debt ceiling situation is not as dire as many think
Lani Misalucha
Lani Misalucha, Asia's Nightingale, is truly special: "The Ultimate Whitney Houston Medley"
Monday, May 16, 2011
Debt Ceiling Day has arrived: Why that matters
Dow loses 47 points due to weakness in the technology sector
Gold and silver lose ground despite falling dollar
China cuts holding of U.S.Treasurys for fifth straight month
With gas prices near record highs, President Obama will speed up oil production
U.S. builders see little to like in housing market
Refresher course: What is quantitative easing?
Mohamed El-Erian: The market is missing the big picture on inflation
Bullish funds slash commodities positions by $17 billion
Jim Jubak: Now is a buying opportunity in the foods sector
Do you recognize this man?
Osama's successor: It is far from over
India makes a move in the Afghanistan
Marvin Gaye: "I Want You"
Friday, May 13, 2011
Dow loses 100 points, oil and gold lose ground, and dollar strengthens in the wake of problems in Europe
U.S. consumer prices rise 0.4% under the influence of soaring prices in the food and energy sectors
U.S. consumer confidence index climbs faster that predicted to its highest level in three months
Moody's Analytics: Consumer inflation may be peaking
Medicare and Social Security funds are forecasted to become depleted earlier than previously thought
Crisis-hit Portugal officially falls into double-dip recession
Greek Prime Minister George Papandreou says that the country's borrowing costs are unsustainable
GOP lawmakers issue plan to balance California's budget
Controversy erupts on right-wing radio concerning the denial by FEMA of a request by Texas for further assistance from the Federal government for fighting wildfires. The radio talkshow spin here makes it appear that FEMA refused to help Texas, In fact, the reality is that a point was reached when FEMA declined to give additional help on top of the extensive assistance already provided to Texas by FEMA with respect to fighting wildfires in the state
Jim Jubak: Drawing comparisons between the 2008 crisis and the recent collapse of enthusiasm regarding investments in silver
Gas spending and prices on a state-by-state basis
Pakistan army chief balks at U.S. demands to cooperate
Elton John: "Bennie And The Jets"
This picture depicts the start of what the President should have done in order to get a good grade on his report card from the right-wing propaganda element of the U.S. news media regarding any actions with respect to Pakistan, burial at sea, photographs, speeches or interviews on the subject or any subsequent releases of information or statements of policy by anyone in the Obama administration
Thursday, May 12, 2011
Dow gains 66 points as oil and gold rebound
Treasury auctions will take United States over the debt limit on Monday, May 16th
Deep water oil drilling rigs are leaving the Gulf of Mexico This article is highly misleading for the reason that it does not disclose that the Obama Administration is in fact giving the go-ahead to deep water drilling in the Gulf on a case by case basis; so far, at least ten projects have received approval, as set forth in this article published in Free Republic and virtually no where else
House approves bill to lift drilling moratorium
Oil company executives testify before the Senate Finance committee
U.S. budget deficit on track to exceed $1 trillion for the third straight year
Is the Fed in denial? Is inflation back?
Pace of residential foreclosures slowed further in April
Oil speculators: Are they evil, manipulative villians or are they just savvy investors?
Steve Forbes: U.S. will return to the gold standard within five years. An interesting notion, although totally misguided,,and totally will not happen
Tom Aspray: Investors, it's time to fasten your seatbelts
Linda Clifford: "You Are, You Are"
Wednesday, May 11, 2011
Dow loses 130 points as Disney, oil and China pull the market lower on the day
Oil imports lead to wider U.S. trade gap of $48.2 billion
China's economy has cooled, which lessens need for restrictive policy moving forward
Ten companies that have stock market gains over 100% in the short term
Grain prices rise in the wake of weather damage in North America and Europe
AIG sets $9 billion stock offering, only half of what was expected a few months ago
U.S. Treasury: There will be no fire sale of gold to delay hitting the debt ceiling
Jim Rogers: I will short U.S. bonds
Reuters: Obama is way ahead of GOP in race for 2012
Newt Gingrich is running for president
Support for Donald Trump's presidential run collapses
Sean Hannity: Spin it and make the Pakistan operation appear to be brought about chiefly because of enhanced interrogation, rendition and black prisons - this is pitifful in light of the reality that the premise is not true
Chris Matthews: The embarassing history of GOP comments on President Obama's preparedness to lead the country during war
Does Usher jam? "Yeah!!"
Tuesday, May 10, 2011
Dow closes up 76 points as the market is spurred by Microsoft's acquisition of Skype
White House takes a dim view of Boehner's debt plan
China's trade surplus with the U.S. surges to record levels
Why economic growth may no longer mean job growth
U.S. was prepared to fight Pakistanis if need had arose during bin Laden operation
Israeli F-16 fighter-bomber
Has any Iranian official ever threatened to wipe Israel off the map, as Sean Hannity claims several times every week when he asserts that Iran regularly threatens to wipe Israel off the map? Actually, no; Sean Hannity's assertion is completely propagandistic. Has Israel ever threatened to attack Iran? Yes, virtually every week
Anonymous: "Step In The Name Of Love" and
"Radio Message"
Monday, May 9, 2011
Dow closes up 46 points as gold, silver and oil surge upwards
Homeowners are drowning in negative equity
Reuters: What really triggered oil's greatest rout?
Euro tumbles most against dollar since January on rate signal from ECB President Trichet
Gasoline prices expected to fall 50 cents by summer
Secretary of State Clinton: The United States, unlike TV personality Donald Trump, does not see China as a threat
Jim Cramer: Where to go in this ridiculous market
Afghanistan: The irresistible illusion
Time.com: Arguably, the world's 10 most elite fighting units, including Navy SEAL Team 6
Rachel Maddow: Differing views of Second Amendment issues. Conversation at a NRA convention. Conversation on the streets of Pittsburgh
Teena Marie: "Deja Vu"
Friday, May 6, 2011
Dow climbs 55 points in the light of substantial job growth
Clear Capital: The real estate sector has reached double-dip throughout much of the nation
The unemployment rate rises in spite of job gains. How is that possible?
Fannie Mae seeks $8.5 billion in federal aid after losing $8.7 billion in the first quarter
Talking numbers: Silver loses its luster
Oil price collapse pays off for a speculator, and all the rest of us
Osama bin Laden 1957-2011
MSNBC: Death of Osama bin Laden - The Hunt
Pakistan paints a dismal picture of bin Laden's last days
CBS TV: President Obama appears on 60 Minutes
Prescience: In 2007 and 2008, candidate Obama said he would go after bin Laden in Pakistan with or without Pakistan's permission if he received intelligence concerning bin Laden's location
Rush Limbaugh derides the President: In Limbaugh's own words, in full spin, rewriting history
Obama pays tribute to elite units that played a role in the operation in Pakistan
Video of President's speech at Fort Campbell before the 101st Airborne
Multiple sources contend that no significant information leading to the apprehension of bin Laden was obtained by waterboarding or other forms of enhanced interrogation or torture
The United States has created the Martyr's Sea - the entire Arabian Sea has become an Osama shrine. We did not see that coming
Pakistan appears to have limited U.S. access to bin Laden's three widows who are in Pakistani custody
Pakistan hints that China wants a look at the wreakage of the $60 million stealth helicopter
Bryan Suits, host of the Dark Secret Place, speaks on the events in Pakistan - Part I Part II
Al-Qaeda vows revenge for bin Laden's death
Today, both Rush Limbaugh and Sean Hannity repeatedly belittled the new jobs figure as being made up in part by 62,000 hamburger flippin' jobs at McDonalds. Is that statement true? No, the statement is not even close to being true
Thursday, May 5, 2011
Dow loses 139 points on foreboding jobless claims report
Oil plunges below $100 per barrel, its biggest decline in two years
Wednesday, May 4, 2011
Dow sags 84 points as gold, silver and oil lose ground on fears of a weakening economy
Exxon: We pay a lot in taxes to the U.S.
Would oil prices really fall if speculation was reined in by increasing margin requirements?
From the Newsweek archives: Osama bin Laden
Top secret stealth helicopter was used in raid on bin Laden
Tuesday, May 3, 2011
The Dow closes fractionally higher as stocks struggle despite strong auto sales
Gold loses ground and silver plunges on firming dollar and margin requirement changes
U.S. exports of refined products made from oil are on the rise
Monday, May 2, 2011
Dow slips 3 points despite Osama bin Laden's death
White House Situation Room during the attack on bin Laden
President Obama announces the death of Osama bin Laden
Friday, April 29, 2011
Dow closes with a 47 point gain and best month of 2011
Gold tops $1,550 an ounce and silver continues to soar
Video of Chairman Bernanke's press conference
Video of President Obama's press conference releasing his long-form birth certificate
Beyonce: "Listen"
Friday, March 25, 2011
Dow gains 50 points in the face of strong headwinds
Thursday, March 24, 2011
Dow closes up 85 points on the strength of gains in technology stocks
ABC News: United States and Britain launch 112 Tomahawk cruise missiles at 20 targets inside Libya
Al Jazeera: International forces bombard targets in Libya
Iranian PressTV: Libya reports that a French warplane has been shot down over Tripoli
Final Call.com: The source of the unrest in Libya is the United States
Time.com: Operation Odyssey Dawn is underway
Friday, March 18, 2011
Dow closes up 84 points on news of cease-fire in Libya
Gold and silver rally following currency intervention by the G-7
CBO: Projected budget deficit over the next ten years is $9.5 trillion
Unemployment rises in nearly all metropolitan areas
Earthquake cleanup could swamp Japan with debt
Libyan ground forces may pose a threat to the enforcement of a no-fly zone
In defiance of West, Libyan forces push into Benghazi
Thursday, March 17, 2011
Dow rebounds 161 points in a market lacking clarity
Japan hopes to restore power at two crippled reactors
G-7 countries announce joint currency intervention with respect to the yen
The debt ceiling: Danger ahead, even though the debt ceiling has been raised 74 times in less than 50 years
The United Nations Security Council passes a resolution endorsing a no-fly zone over Libya and all necessary measures to protect civilians
The Palin Doctrine: Impose a no-fly zone over Libya
A Southern California sunset - a reminder that tomorrow is just another day
Earth Wind & Fire: "That's The Way Of The World"
Wednesday, March 16, 2011
Dow plunges 242 points as waves of panic at times drive equity markets
Rising wholesale prices ring inflation alarm bell
U.S. economy: Home construction slumps as producer prices rise
Fortune: Staving off a fiscal crisis in Japan
Dollar near all-time low versus the yen
John Carney: Black swans now a regular part of the market landscape
Marc Faber: If the market keeps falling, the Fed will continue with quantitative easing
Time: Why Gaddafi has survived the Libyan uprising
Tuesday, March 15, 2011
Reassurances from the Fed turn a 300-point loss into a loss of 138 points on the Dow at closing
The worst case nuclear disaster would occur only if a series of unlikely events were to happen
Gold tumbles as global markets sink - investors dump the metal to raise cash
Oil prices tumble to lowest level in weeks
How the crisis in Japan may alter the global economy
Continuing resolution passes the House as a short-term budget fix
Half of U.S. nuclear reactors are over 30 years old
Alan Greenspan: The stimulus actually hurt the recovery
Mariah Carey: "Hero"
Monday, March 14, 2011
Dow closes with a loss of 51 points as pessimism rules the day
Fuel rods are most likely melting at a third Japanese reactor
The Japanese earthquake could be the most expensive ever
Nikkei-225 index plunges dramatically overnight. The Bank of Japan is poised to provide liquidity
Nomura: Not optimistic regarding the spur to growth stemming from reconstruction efforts
Oil price rise starts to cut into global growth forecasts
U.S. clears more deepwater oil drilling in the Gulf of Mexico
The troubled history of nuclear power accidents
We're all in this together
The earthquake moved Japan eight feet closer to North America and caused the Earth to shift on its axis by nearly four inches
Jeanne Sahadi: Where the Tea Party is wrong on the national debt
Jeanne Sahadi: Both sides exaggerate the effect of spending cuts
Jeanne Sahadi: What people forget about the Reagan years
Qaddafi forces advance on key fronts as West considers a no-fly zone urged by the Arab League
Libyan jets bomb rebel strongholds
The highly effective habits of millionaires, which do not include playing a lot of video games
Toni Braxton insists this is outdoors wear.
Okay, fine: "Un-break My Heart"
Friday, March 11, 2011
Dow closes up 60 points despite tradegy in Japan
Devastation in the Miyagi Prefecture
Powerful 9.0 magnitude earthquake and tsunami rocks Japan
Japanese earthquake causes emergencies at five nuclear reactors
World equity markets fall in response to the destruction in Japan
How recent disasters affected markets and economies
Reuters: OPEC has raised output to offset the loss of Libyan crude
Brace for $200 oil if unrest hits Saudi Arabia
Safety concerns regarding the use of fracking haunt the energy industry
Transcript of President Obama's press conference held today
Rep Paul Ryan (R-WI): The GOP is ready to take on health programs
Kerry Picket: Will the House GOP rescind Obamacare funding appropriation?
Top U.S. intelligence officials predict that Gaddafi will prevail in the Libyan civil war
The millionaire class: Most new U.S. senators are wealthy
There's a tinfoil hat for that: For those people who are worried about everything the First Lady does, eats, wears or carries, get a hat. Stat !!
Thursday, March 10, 2011
Dow plunges 228 points on unrest in Saudi Arabia and economic fears
Gold and silver prices fall under the pressure of multiple factors
Asian markets fall overnight amid concerns over fighting in Libya
China posts largest trade deficit in seven years
Euro weakens following the downgrade of Spain's sovereign debt
Summary of issues concerning the dollar as the world's reserve currency
What is the Triffin dilemma?
The Bakken Field: The U.S. has billions of barrels of virtually untapped oil reserves
Foreclosure activity slows sharply in February
Are Federal workers overpaid? Are Federal workers underpaid?
Catalina Island
Tommy James and the Shondells: "Crystal Blue Persuasion"
Wednesday, March 9, 2011
Dow closes down 1 point in market affected by falling oil prices and weak tech stocks
Wisconsin acts to strip public employees of their right to collective bargaining
George Soros: Proposed spending cuts will put a brake on U.S. economy
Laszlo Birinyi
Laszlo Birinyi: The greatest bull market since 1955 will continue into its third year
The time for gridlock on the national debt is over
TARP police! Step away from the bailout money!
Americans oppose the Republicans attack on unions according to polling data
Discovery in flight
Shuttle Discovery returns to Earth and goes into retirement
Tuesday, March 8, 2011
Dow jumps 124 points as the price of oil eases
Banks spark rally in U.S. market
Justice Department appeals Judge Vinson's ruling on the healthcare law
Saudis say that there is no shortage behind rise in gasoline prices
Nouriel Roubini: Oil will hit $150 per barrel
Analysts maintain that the rally in gold and oil will not last
Libyan rebels push to regain Bin Jawad as NATO weighs imposition of a no-fly zone
California lily pond
Billy Paul: "Me And Mrs. Jones"
Monday, March 7, 2011
Dow loses 80 points in a bit of relief
Most Asian stocks fall on global recovery worries
Happy 2nd birthday U.S. bull market: The S&P 500 has doubled in value since its low on March 6, 2009. What now?
Bill Fleckenstein: Is the market rally losing its steam?
Gas price tops $3.50
Is food, not oil, the bigger threat of global inflation?
John Spence: VIX-futures funds are popular despite weak performance
The Hill: The number of waivers regarding the healthcare reform law exceeds 1,000
Premier Wen: Inflation is endangering China's dream, so policy pledges are made
Analysts say China is underestimating its future inflation as well as its future growth
Is gold about to be crushed?
Gold futures advanced in overnight electronic trading, spurred on by events in North Africa
Friday, March 4, 2011
Dow closes down 88 points as the market rebounded from steep midday losses in the face of Libyan violence and an optimistic jobs report
West Texas Intermediate settles at $104.42 per barrel, its highest level since September 26, 2008
Peter Cardillo: WTI crude will hit $115 in the near future
Yi Gang: China's yuan exchange rate is closest on record to equilibrium
U.S. food and farm exports could have a record year
U.S. economy: Unemployment rate unexpectedly falls to 8.9% for a beautiful morning. The rest of the day was not so good
Young Rascals: "It's A Beautiful Morning"
Text of Bureau of Labor Statistics employment situation summary
Rick Santelli: Today's jobs report has a dark side
Annie Lowrey: The sunny, cloudy, warm, freezing job news
No inflation signs in jobs report -- yet
Burst of hiring could mark turning point for employment
Rush Limbaugh: Why the market is down on what looks like positive jobless news
New York Times: Big jump in jobs bolsters recovery hopes
Wikipedia: Description of nonfarm payrolls
Rick Newman: Three big lies about cutting the deficit
Rick Newman: Who inflation hurts the most
Eric Alterman: The Conservative class war, continued
Eric Alterman: Then they came for the pensions
U.S. Air Force's secret X-37B space plane is likely testing spy satellite technology
Chaka Khan: "Through The Fire"
Thursday, March 3, 2011
Dow soars 191 points on improving jobs picture
European financial markets are bouyed by U.S. jobs hopes as ECB works on its monthly policy statement
People's Bank of China: Beijing aims to settle cross-border trades in yuan starting in 2011. This could be a huge step towards the end of the dollar as the world's reserve currency
Hugo Chavez to the rescue: Oil dips on Libyan peace talk
Bernanke: There will be a 200,000 loss in the number of jobs due to budget cuts
Bernanke: No quick fix for states' and localities' budget shortfalls
China to offer personal income tax breaks in an effort to spur consumption
United Nations Food and Agriculture Organization: World
food prices are at record levels and still rising
Home prices: The double-dip is near
America's debt crisis: What got cut in the budget?
NBC/Wall Street Journal poll: Voters are worried about the deficit, but are also wary of budget cuts
Teachers wonder: Why the scorn about their pay and benefits all of a sudden?
Congressman Trent Franks (R-AZ): Impeach Obama because of the position taken regarding the Defense of Marriage Act. Congressman Franks is neither a good lawyer nor an historian, because the position he's taking maybe popular in the barbershop conversation, but its dead wrong when evaluated on an informed level
The Gulfstream G650 -- the gold standard of executive aviation -- start your Christmas list now, so you can get your order in soon
Aaliyah: Street but sweet, she was a beautiful soprano
"Heart trembling Adhaan -- Muslim call to prayer" Summary of the significance of the call to prayer in Islam
Wednesday, March 2, 2011
Dow closes up 9 points as West Texas Intermediate tops $102 per barrel and gold hits a new high of $1,437.70
Oil surges after airstrike in Libya near oil facility
Wall Street Journal: Rebels seek airstrikes by foreign forces
Jerusalem Post: Louis Farrakhan claims that Jews are pressuring the U.S. into a war in Libya
Asian stock markets sink overnight in reaction to the crisis in the Middle East and rising oil prices
House of Representatives passes a short-term funding bill to keep the Federal government running for two more weeks
Paul B. Farrell: Four time bombs that will destroy Wall Street
Bill Gross: The end of QE2 could sink both equity and debt markets
Professor Barry Eichengreen: Why the dollar's reign as the world's reserve currency is near an end
Donald Trump speaks his mind on the subject of U.S.-China relations
George Soros, the world's most
successful financial markets strategist
Top 10 hedge funds reportedly made $28 billion for their clients in the second half of 2010
Top hedge funds manage $1.3 trillion in assets
Ezra Klein: Do we still need unions? Yes
Mark McKinnon: Do we still need unions? No
How can Wisconsin stop its public employees from bargaining collectively? Simple, ignore their leaders and representatives
Summary of National Labor Relations Act of 1935
Governor Scott Walker unveils Wisconsin budget
Mail Online: Astonishing wealth of Gaddafi and his family is revealed
Lamborghini Murcialago
Hot (aka expensive) new cars from the Geneva Motor Show
Tuesday, March 1, 2011
Dow closes off 168 points as rising crude oil prices slam the financial markets
Gold hits a new record high: $1,431.20 per ounce
This isn't about wishing on a star
November 6, 2012 is not far away. Never take anything for granted.This time, each person must take nine people with them to the polls
Monday, February 28, 2011
Dow ends February with a 96 point gain and an optimistic report on manufacturing
Gasoline price surge: A record 17 cents increase in a week
U.S. economy: Consumer spending cools as prices rise in the food and energy sectors
Fortune: The folly of making GDP predictions
How high will silver prices go in 2011?
Cost of health care for the military has increased 300% in past decade
Governor Mitch Daniels: Indiana Democrats are legislating from hot tubs, and it's time to get real on the issues
Warren Buffett: America's best days are still ahead of us
Robert Prechter: There is still a bear market in progress, and stocks will crash to new lows in the near future
David Murrin: The worst-case scenario in the Middle East crisis
Currency wars lose to inflation in a manner that will cause emerging markets to win
The world's worst cases of hyperinflation: Imagine prices doubling every 15.6 hours as in Hungary in 1946
David Goldman: General Petraeus' thirty years war
Britain and Germany fly secret missions into Libya to rescue their nationals
Rebel-held Zawiya braces for a possible Gaddafi counterattack
Todd Rundgren: "Fidelity"
Saturday, February 26, 2011
President Obama: Gaddafi must leave Libya now
The Libyan desert
Marvin Gaye: "What's Going On?"
Friday, February 25, 2011
Dow climbs 62 points as oil markets start to stabilize
The New York Fed bought $7.24 billion in Treasury debt today as part of its quantitative easing program
Citigroup: By 2050, the United States will be the world's third largest economy, lagging behind China and India
Goldman Sachs: Budget austerity may lead to significant loss of growth in second half of 2011
U.S. economy slows due to cuts from state and local governments
Richmond Fed president Jeffery Lacker: Time to plot Fed's exit strategy from quantitative easing grows near
Wisconsin Assembly passes bill taking away public union collective bargaining rights
A buried Soviet-made MIG-25 Foxbat jet aircraft is excavated-- an artifact of the Afghan wars
Afghanistan: The irresistible illusion
Colonel Gaddafi in 1969 - a more courageous period in his life than today. An old soldier has to know when it's time to just fade away
More Libyan bloodshed may lead to intervention by the U.S. or NATO
San Diego's Coronado Bridge
Los Alacranes: "Chicano Park"
Thursday, February 24, 2011
Dow loses 37 points in a rumor driven market
Oil prices spike to $103 per barrel, then drop back sharply
Dollar plumbs record low against Swiss franc
General Motors has first annual profit since 2004
Boeing defeats EADS for $35 billion Air Force tanker program
Obama Administration shifts course on Defense of Marriage Act. The position taken begs comment on whether the Justice Department's approach violates the Executive's powers under the Constitution. The Administration's position follows precedent and is a legitimate exercise of the Executive's power. However, some pundits, such as Newt Gingrich, maintain that the President is acting beyond his powers in this matter. See, for example, this link from Newsmax.com
Mt. Shasta
Friends of Distinction: "Going In Circles"
Wednesday, February 23, 2011
Dow falls 107 points as Mideast tensions appear to escalate
Oil price for West Texas Intermediate passes $100 per barrel
The Fact Checker: The truth behind claims that Obama made an international tour apologizing for America
Tuesday, February 22, 2011
Dow falls 178 points as turmoil in Libya rocks financial markets
Bond yields plunge on Middle East unrest
Gold reaches a seven week high and silver trades at a 31-year peak
Oil prices surge 6% in reaction to unrest in Libya
Can the Saudis really ride to the rescue of oil consumers?
Home prices continue swoon as fears of a double-dip persist
Friday, February 18, 2011
Dow jumps 73 points on strong earnings news
Thursday, February 17, 2011
Energy and natural resources shares boost Dow 30 points
Eric Clapton: "My Father's Eyes"
Wednesday, February 16, 2011
Dow climbs 62 points on the strength of positive earnings reports and merger news
Politicians should do a better job of explaining why debt reduction is so important
Laszlo Birinyi: The S&P will gain 60% by September of 2013
Tuesday, February 15, 2011
Dow loses 42 points to weak retail sales and inflation pressures in China and Britain
Gold and silver climb on inflation worries
Obama's budget focuses on path to rein in deficit
Monday, February 14, 2011
A Wal-Mart downgrade holds the Dow to a 5 point loss
China surpasses Japan in 2010 to become world's second largest economy
Friday, March 13, 2009
Dow closes up 54 points as financials lead stocks to best week since November
Larry Summers states that recovery date is uncertain
The implications of Treasury bonds hitting new lows
Dollar's rally means weaker earnings
Two steps forward, one step back, for gold, but trend is still upwards
Demand for everything tumbles - trade deficit at a six year low
Bernanke to appear on 60 minutes on March 15th
U.S. stocks move higher in early trading
Short sale price rules on agenda for April SEC meeting
Mark-to-market meeting set by FASB for Monday
Treasurys fret over Chinese concerns
China: The great red hope
Economy's decline pushes California back into deficit
Treasuries fall as stocks gain and China asks for debt assurance
Mortgage cramdown plan faces turbulence in the Senate
Thoughts on walking away from your mortgage
Falling home prices are making it more difficult to get a mortgage
American families lost $11 trillion in 2008
Commodities clearing a path for stocks to follow
Parsons: Citigroup is well-capitalized and needs no further bailout
Asian stocks rise overnight on Japan and China stimulus optimism
Milestones of the financial crisis
Obama administration drops use of term "enemy combatant"
Cramer's seven signs this rally is real
Breitbart: Obama says economic crisis is not as bad as first thought
The days of suppressing the price of gold are over
Jim Rogers on gold, silver and manipulation
NAACP says bank giants steered African-Americans to subprime loans
Stevie Wonder, the 12 year old genius, performs "Fingertips" and "Hey Love" and "Ribbon in the Sky" and "You Are the Sunshine of My Life" and "That's What Friends Are For" and "We Are the World"
The mile high club-- how to refuel an airplane in midair
Homes of billionaires
Stumbling, bumbling sled dog: "Sorry, this is my first Iditarod"
Thursday, March 12, 2009
Some people have asked me: How much money have I lost on my own, personal stock market investments over the course of the last year? The answer is: $139.00. That's right, a loss of $139.00, from March 31, 2008 until yesterday. I invite you -- the visitors to this website -- to ask me how I accomplished so small a loss. Click on the CONTACT US button on the upper/left side of your screen.
Walter Lewis
Dow closes up 240 points as rally continues
Invest better, sure, but savings are key in today's environment
Yen and dollar rise as deepening global recession spurs demand for safety
G20 meeting looms: The world economy is shrinking
Buffett's Berkshire Hathaway downgraded by Fitch to AA+
There is a rumor that AIG is carrying the debt of France. Uh,oh!
Stocks in Europe and Asia fall overnight and U.S. futures decline in pre-trading hours
House of cards: Inside the subprime mortgage crisis
Mary Jane Matts: "Go long in financials"
Hugh Hendry: "I'm short stocks and buying dollars"
Stock picks for Dow 8000 bounce
African-American multilmillionaires
Madoff jailed after pleading guilty to epic Poni scheme
Madoff arrives at courthouse for expected guilty plea
Madoff's refusal on conspiracy charge said to have blocked plea deal
Roche to buy Genentech for $46.8 billion in friendly take-over
Report: U.S. on short end of health care value gap
Kelly Clarkson sings "A Moment Like This" and "Before Your Love". The first winner of American Idol has got it all
Wednesday, March 11, 2009
Dow closes up 4 points for second straight win
Freddie Mac seeks $30.8 billion in federal aid after $23.9 billion 4th-quarter loss
Obama signs spending bill and issues signing statement
Wall Street up in early trading
Stocks in Europe and Asia advance overnight and U.S. futures are up pre-open
Geithner may use capital injections to help banks sell bad assets
China's investment surges 26.5% on stimulus as exports plunge
Fund managers and CEOs forecast a higher price for gold
Greenspan: The Fed's low interest rate policy did not cause housing bubble
State housing agencies get caught in credit crunch
U.S. foreclosures hit record level in February
Mortgage applications rise for first time in three weeks
Oil below $46 overnight as U.S.report cuts demand forecast
Global confidence fell in March as global economies crumbled
Does card check kill the secret ballot or not?
Think it's still a bear market? Here is how to play it
Was that the market bottom?
The WSJ: Economists give Obama, Geithner low grades
Who was Milton Friedman?
Who was John Maynard Keynes?
Who is Paul Krugman?
The Laffer-curve is central to supply-side economics
Is your bank healthy? How to tell
Husband, wife unaware they are a comedy team
Mariah Carey and Whitney Houston perform "The Prince of Eygpt"
Tuesday, March 10, 2009
Dow surges 379 points for biggest gain of the year so far
Wall Street soars 300 points in midday trading on Citigroup news and Bernanke address
Credit is tightening again. Is this a bear market trap?
Gold falls 2% to below $900 as equities soar
Rep. Barney Frank announces expectation that uptick rule will be restored in about a month
SEC decides to continue mark-to-market regulation
Bernanke calls for overhaul of nation's regulatory structure
Pandit says Citigroup having best quarter since 2007
Stocks in Europe and Asia advance overnight
Wholesale inventories fall again in January
White House: World coordinated stimulus needed
Oil rises to near $48 as OPEC signals supply cuts
Gold dips in early trading as exchange traded fund holdings remain unchanged
Madoff to plead guilty and could face up to 150 years
Moody's to release a list of companies it believes most likely to fail
11% of mortgages are troubled
Warren Buffett to CNBC: The economy has fallen off a cliff
Brian Jones: Geithner is the Ralph Kramden of finance
Hirschhorn: Five reasons to get back in the stock market
China: Deflationary dragon?
A new stem cell era under Obama
Obama to push merit pay for teachers
The future big problem for banks: Credit cards
How the 1930s New Deal hurt black Americans
Kevin Hassett: This article, which is highly critical of the Obama record, was featured on the Rush Limbaugh show
David Sirota: Another article that is very critical of Obama's plans
Survey of economists: U.S. unemployment will reach 9.4% in 2009
Survey: Americans' low insurance IQ can hurt a person's finances
No job? Can't refinance? How to talk to your bank
The Time-Space Theory: Is a rational Al-Qaida merely biding its time?
Hitchens: Handing the Swat Valley to the Taliban was the wrong move
Clay Aiken sings "Solitaire". That's righteous, brother
Monday, March 9, 2009
Dow closes down 80 points as top tech companies tank
Ford workers approve UAW contract changes
Roubini: Recession in U.S. could last 36 months
Doug Kass forecasts that the stock market bottom is near
Jim Cramer is befuddled regarding the market's future
Why Obama will not bring European social democracy to America
Ultimately, is this what is keeping your interest rates low and the value of the dollar high: The F-22 Raptor
U.S. stocks turn higher in early trading after Merck deal
Asian stocks fall overnight on capital concerns as HSBC slumps
Japan swings to record current account deficit
Recession on track to become longest in post-war era
Where is Hong Kong's stimulus?
Oil at $50 looms as OPEC plans cuts and keeps to quota
AIG tells regulators its failure would cripple banks and money market funds worldwide
Revealed: Fifteen AIG bailout counterparties
Senior Republicans say banks should be allowed to fail
Republican lawmakers say Congress should stop giving General Motors funds
Jennifer Hudson sings the National Anthem at the 2009 Super Bowl. Just in case you didn't see it live
Friday, March 6, 2009
Dow closes up 33 points in late-day rally
Surging unemployment may prompt Obama to further action
Jobless rate bolts to 8.1% with a job loss of 651,000
AIG bailout aimed at saving European banks
Credit default swaps for dummies and further CDS information and further explanation of CDS
It may take years for banks to repay TARP money
George Soros explains it all in four minutes and thirty-two seconds
Paul Krugman: "I'd blame Alan Greenspan and Phil Gramm" and "We are in a depression not a recession"
Jim Cramer: Absolute bottom on Dow is 5,320
War on the rich?
House of cards: Origins of the financial crisis
Thursday, March 5, 2009
Dow closes down 281 points to reach a 12-year low
Mortgage cram-down bankruptcy bill passes U.S. House
Geithner effort to staff Treasury hit by Nazareth's withdrawal
U.S. stocks slide in early trading after China forecast and factory orders report
Oil falls to near $44 on continuing demand worries
China says growth of 8% possible in 2009
Gold eases on strong dollar
Productivity falls while wage pressures increase
New jobless claims unexpectedly fall to 639,000
Wednesday, March 4, 2009
Dow closes up 150 points as energy stocks surge
Home Affordable Modification Program Guidelines
Mortgage help: Who qualifies?
What are the odds of a depression: 20%
Russian scholar says United States will collapse in 2010
Monday, March 2, 2009
AIG quarterly loss is biggest in U.S. history: $61.7 billion
Friday, February 27, 2009
Wall Street closes down 119 points after Citigroup-government deal
U.S. GDP shrinks 6.2% in fourth quarter
Obama sets date to end combat mission in Iraq
California declares drought emergency
Thursday, February 26, 2009
Dow closes off 89 points on date of Obama budget release
Obama unveils first budget plan
Fannie Mae seeks $15.2 billion in federal aid
Americans receiving unemployment top 5 million
Gold eases on strong dollar
Israel to fight recession with tax cuts
Wednesday, February 25, 2009
Dow closes down 80 points after rallying from steep losses
Big banks face stress tests from regulators
Home sales sink unexpectedly to lowest level since 1997
Tuesday, February 24, 2009
Wall Street edges up in early trading on Bernanke comments
U.S. home prices drop at record pace in December
Bernanke fears recession could extend to 2010
Gold further retreats from $1,000/ounce
Consumer confidence plummets to new low in February
Obama's deficit goals: Hurdles ahead
Monday, February 23, 2009
Dow tumbles to 1997 levels
Feds explore taking bigger stakes in shaky banks
Yen falls to 12-week low against the dollar on loss of haven allure
Oil falls below $38 as investors lose confidence in the global economy
Clinton urges China to continue buying Treasury debt
Friday, February 20, 2009
Dow ends worst week of 2009 at 2002 levels
Bank worries sink Wall Street in midday trading
Consumer prices up 0.3% for first gain since July
Gold hits 11-month high on haven demand
Coming attraction: Bank nationalization
Who will not be helped by Obama's mortgage fix
Friday, February 13, 2009
Wall Street closes down 82 points as Hill acts on stimulus
Stocks wobble in early trading as world's finance ministers meet
Stimulus aims two-phase jolt at fading U.S. economy
Stimulus: Swagger v. reality
U.S. economy: Consumer confidence falls to lowest level since 1980
Gold slips as financial fears recede
Thursday, February 12, 2009
Stocks recover to close down 7 points on housing news
U.S. economy: Retail sales unexpectedly halt slide
Stimulus: How it may affect your wallet
China's economy shows signs of recovery on stimulus
Stimulus package headed for House vote on Friday
Cramer: Why you can't trust this market rally
Friday, February 6, 2009
Dow closes up 218 points after huge job losses
Senators say smaller stimulus deal reached
Wall Street up in early trading despite negative job report
U.S. economy: Jobless rate soars and payrolls plunge by 598,000
Scores of California state offices will not be open today
Time for Geithner to show his cards
What are we doing in Afghanistan?
Thursday, February 5, 2009
Dow closes up 106 points as techs give stocks a boost
Wall Street opens lower as weekly jobless claims rise
U.S. factory orders drop more than forecast as businesses rein in spending
Gold climbs 1.5% after interest rate decisions
White House now plans a limited bank aid package
Bank of England cuts rate as ECB holds steady
New jobless claims jump more than expected to 626,000
Is it too late to avoid a depression?
Wednesday, February 4, 2009
Dow closes off 122 points as Cisco outlook pressures stocks
Treasury in plans for record debt sale
Obama caps executive pay tied to bailout money
Economic know-nothingism
Wall Street holds gains in early trading despite dismal earnings reports
Gold steadies above $900 as market awaits rate decisions
Tuesday, February 3, 2009
Dow closes up 142 points despite Disney profit disappointment
U.S. auto sales plunge 37% to 26-year low
U.S. stocks mixed in early trading after rebound in home sales
Pending home resales rise as prices and rates drop
Revived supply concerns send Treasuries lower
On the way: A bigger, broader bailout
Monday, February 2, 2009
Dow closes down 64 points as Macy's jobs cuts weigh on market
Obama to nominate Republican Senator Judd Gregg for Commerce
Wall Street opens lower on economic reports
U.S. ISM manufacturing index rose to 35.6 in January
Consumer income and spending fall as savings rise
Businesses fare better in Senate economic package
Obama to require banks that receive aid to boost lending
Friday, January 30, 2009
Dow closes down 148 points as investors fear worsening economy
U.S. economy shrank 3.8% last quarter, the most since 1982
Wall Street opens modestly higher after GDP report
Gold rallies 2% on haven buying and hits euro high
Kudlow: Shelve the stimulus plan
Bank bailout: More money, more problems
Thursday, January 29, 2009
Dow closes down 226 points on fresh economic worries
Russia, China blame economic woes on capitalism
Obama: Wall Street bonuses are outrageous
Wednesday, January 28, 2009
House passes Obama economic stimulus plan
Dow closes up 201 points as Fed keeps rates low
Wall Street opens higher on bank optimism and Fed
FDIC may run bad bank in plan to purge toxic assets
NYU's Roubini: No where to wide from global slowdown
Tuesday, January 27, 2009
Dow closes up 59 points
Stocks flat in early trading as confidence sags
Home values post 18.2% annual drop in November
Oil nears $45 as OPEC cuts are weighed against demand
Gold slips below $900 as risk aversion eases
Consumer confidence slides to record low in January
Monday, January 26, 2009
Dow closes up 38 points despite economic woes
Wall Street rises in early trading on Pfizer-Wyeth deal and housing data
U.S. existing home sales rise on record price slump
Conference Board's leading indicators rise
Oil tops $48 after OPEC cuts
Global meltdown snares China
Gold climbs above $900 in flight to safety
Friday, January 23, 2009
Wall Street ends mixed as techs and financials rally
U.S. Treasury 30-year bond posts largest weekly loss since 1987
Wall Street extends slide in early trading on economic worries
Oil falls to near $42 with OPEC cuts in question
Gold jumps 3% as currency volatility prompts buying
Obama presses lawmakers on stimulus and accountability
Thursday, January 22, 2009
Dow closes down 105 points on bad news from Microsoft and Intel
Wall Street down in early trading after Microsoft report
Obama orders CIA prisons and Guantanamo shut
Housing starts and permits fall to record lows
Jobless claims surge to 26-year high
Libor climbs to two-week high as money markets reach a crossroads
Obama tax credit plans moving through House panels
Wednesday, January 21, 2009
Dow rallies to close up 279 points
U.S. stocks rise in early trading
Dollar at 7-1/2 year high vs. the pound
Obama team pushes to complete financial rescue plan
General Motors loses sales title to Toyota
Tuesday, January 20, 2009
Obama takes office
Video of Inaugural speech
Dow closes down 332 points as stocks rain on Inauguration
Wall Street lower in early trading as bank worries persist
Huge crowds gather in D.C. for Inauguration
Treasury demands that banks with TARP funds file monthly reports
Gold rises 2% on fresh investor interest
Fiat will take 35% interest in Chrysler
Bank of Canada cuts key rate to record 1%
Monday, January 19, 2009
Royal Bank of Scotland may post $41 billion loss as crisis deepens
European stocks decline on day Wall Street is closed
Oil falls below $35 ahead of busy earnings week
Friday, January 16, 2009
Dow closes up 69 points despite banking and economic woes
Deflation concerns grow as consumer prices shrink
Wall Street moves higher in early trading
Treasuries tumble as stocks rise on bailout of Bank of America
Citigroup splitting into two after posting $8.3 billion loss
Consumer sentiment index unexpectedly rises to 61.9
Oil languishes near $35 on weakening U.S. economy
Housing crash spawns big lawsuits
Gold up 2% as dollar drops following release of U.S. data
Thursday, January 15, 2009
Dow closes up 12 points in a bounce from steep losses
Congress clears way for second half of bailout
Mortgage rates hit new lows
U.S. stocks fall in early trading on Bank of America and Citibank worries
Oil volatile and lower on weak demand
Gold steady ahead of ECB rate decision
U.S. mortgage foreclosures up 81% in 2008
Volcker: Regulate to prevent future crisis
Wednesday, January 14, 2009
Dow slumps 248 points at close on retail woes
Tuesday, January 13, 2009
Dow closes down 24 points for fifth straight loss
U.S. deficit soars to $485.2 billion
Monday, January 12, 2009
Dow closes down 125 points as financial and energy shares drop
Oil extends slump to sixth day on speculation stockpiles are rising
Euro falls toward one-month low on ECB outlook and Spain's rating
Bush agrees to Obama entreaty for bailout funds
Alcoa reports $1.19 billion loss in fourth quarter because of low prices
The case for a quick recovery
Fed could keep rates near zero for all of 2009
Friday, January 9, 2009
Dow closes off 143 points as weak jobs picture pressures the market
Obama advisors: Plan will create or save up to 4.1 million jobs
Wednesday, January 7, 2009
Dow closes down 245 points as economic woes batter stocks
$1.2 trillion deficit looms
Euro falls against dollar before jobless and retail sales data
U.S. debt is losing its appeal in China
Oil steady below $43 after plunging on U.S. report
Friday's jobs report could show decline of 670,000
Tuesday, January 6, 2009
Dow closes up 62 points as market eyes Obama stimulus plan
Stocks pare gains in early trading following mixed economic reports
Pending home sales plunge to record low in November
Factory orders in U.S. fall twice as much as forecast
Service sector fell less than expected last month
Oil tops $50 on production cut talk
Gold weakens on strong dollar as platinum rises
Why Russia's woes should worry you
Monday, January 5, 2009
Dow closes down 82 points after weak auto sales
U.S. stocks pull back in early trading
Mideast, Russia send oil above $47
Obama targets tax cuts of more than $300 billion
Construction spending falls less than expected
Gold leads precious metals slide on firmer dollar
Global corporate profits likely to drop in 2009 as more bankruptcies loom
Friday, January 2, 2009
Dow closes up 258 points as investors cheer new year
U.S. stocks climb in early trading
Manufacturing shrinks as orders hit 60-year low
Gazprom increases Belarus gas supplies as Ukraine dispute deepens
Obama has no timetable for stimulus package
Feldstein: Economy may be worse a year from now
Wednesday, December 31, 2008
Dow closes up 108 points as a miserable year ends
Crude ends volatile year below $45
U.S. mortgage rates drop to another new low
U.S. Treasuries fall, trimming biggest annual gain since 1995
Tuesday, December 30, 2008
Dow closes up 184 points despite bad economic reports
December consumer confidence drops to all-time low
Home prices plunge a record 18% in October
Dollar heads for biggest annual drop against yen in two decades
GMAC loosens credit to make vehicles easier to buy
The worst media calls of 2008
Monday, December 29, 2008
Dow closes down 32 points
Stocks edge down in early trading as investors watch Middle East
Dollar falls on concern that Middle East conflict may cut oil supply
Gold climbs as oil surges
Twenty-one dumbest moments in business in 2008
Friday, December 26, 2008
Dow closes up 47 points in slow trading
Pakistan moves troops to its border with India
Holiday sales tumble as U.S. consumers cut spending
Stocks mixed in midday trading after GMAC lifeline
Bonds and dollar hold steady in post-holiday trading
Crude prices rebound, but most believe bounce is temporary
Wednesday, December 24, 2008
Dow closes up 49 points as durable goods and spending top forecasts
Fed grants GMAC bank holding company status
U.S. economy: Spending dropped less than forecast in November
Mortgage applications hit five-year high
New jobless claims jump more than expected
Tuesday, December 23, 2008
Dow closes down 100 points as housing market sags
Stocks dip in early trading after housing data
U.S. home resales fall; prices drop by record 13.2%
GDP shrank in third quarter as economy chilled
GM investors bet U.S. lifeline will not be enough
Report: Obama had no contact with governor
Moorlach predicts up to 10 municipal bankruptcies in coming year
Monday, December 22, 2008
Dow closes down 59 points as investors seek safety
U.S. stocks fall in midday trading as profit outlook offsets stimulus
VIX drop signals quiet close to tumult of 2008
Treasurys down after record 2-year auction
Toyota sees first operating loss
Oil falls 3%, Chinese demand down
Gold climbs 1% on weak dollar
Ten worst real estate markets for 2009
Friday, December 19, 2008
Dow closes day down 26 points
GM and Chrysler will get $13.4 billion in U.S. loans
Stocks wobble in midday trading after auto bailout
Low mortgage rates toss housing markets a lifeline
Gold drops nearly 3% as euro falls
Thursday, December 18, 2008
Dow closes off 219 points
GE and GE Capital outlook changed to negative by S&P
Obama pledges regulators will crack down on greed and scheming
Oil drops to $36 as demand outlook overshadows OPEC
Obama stimulus plan could reach $850 billion
Gold eases as dollar lifts off lows, oil falls
Bush considering orderly auto industry bankruptcy
Mortgage rates fall; unemployment data still weak
Wednesday, December 17, 2008
Dow closes down 100 points in late selling
Chrysler to halt production at all plants for a month
Crude oil falls below $40 on OPEC skepticism, U.S. supply gain
OPEC approves biggest ever output cut
Gold climbs 1% as dollar weakens after Fed rate cut
Madoff under house arrest as SEC says it missed signs
What an interest rate of 0% means for your investments
The growing threat of deflation
Tuesday, December 16, 2008
Dow closes up 360 points on Fed rate cut
Fed cuts target for key rate to record low
Treasury yields drop to record lows
Gold jumps above $850 as Fed slashes rates
Bank of Japan rate cut speculation jumps as recession deepens
Wednesday, December 10, 2008
Dow closes up 70 amid auto rescue uncertainty
House approves $14 billion automaker bailout, sends it to Senate
Obama to name Nobel Laureate Chu as Energy Secretary
Gold slips after biggest daily gain in three weeks
Eight really scary predictions
Tuesday, December 9, 2008
Dow closes off 243 points on economic fears
Automaker bailout stalled over state lawsuits, viability
Treasury bills trade at negative rates as haven demand surges
World oil demand to fall for first time in decades
Illinois governor arrested for alleged corruption crime spree
Monday, December 8, 2008
Dow closes up 299 on Obama bounce, automaker hopes
Congress, White House near agreement on auto accord
Foreclosure relief unlikely until Obama in office
Oil rebounds from four-year lows to above $43
Economists ratcheting up job loss estimates
Friday, December 5, 2008
Dow closes up 259 points as traders shrug off terrible jobs report
Wall Street tumbles in early trading after dismal jobs report
Employers in U.S. cut 533,000 jobs; unemployment rate jumps to 6.7%
U.S. stock futures plummet as job cuts top economists' forecasts
Dodd, Frank warn Paulson Treasury may not get next $350 billion of TARP funds
Auto bailout could be tied to government-run overhaul
Thursday, December 4, 2008
Dow closes down 215 points ahead of job report
Wall Street fluctuates in early trading in face of more bad news
European Central Bank delivers biggest rate cut in its history
U.S. stock futures fall as Merck drops on profit forecast
Automakers back to sell Congress on rescue
General Motors and Chrysler may accept pre-arranged bankruptcy in order to receive bailout
Treasury mulls plan to lower mortgage rate to 4.5%
Paulson may ask Congress for balance of bailout fund
Obama keeps his distance from Treasury regarding TARP
Oil hits near four-year low on weak economic news
Jobless claims take drop, but remain high
Geithner may seek to push Bair out after clashes during crisis
Retailers see sales drop in dreary November
U.S. combat deaths hit low
Israel preparing options for attack on Iran
Has Iran ever actually threatened to attack Israel? Actually, no
Does it make sense to pay a CEO $1 a year?
Wednesday, December 3, 2008
Dow closes up 173 points, capping a volatile session
Fed's Beige Book says economy declined across U.S. since mid-October
Wall Street retreats in early trading on more signs of weak economy
European stocks and U.S. futures fall; Infineon, ASML drop
Pimco's Gross: 30-year mortgage rate may fall to 4.5%
UAW willing to renegotiate contract terms, suspend job bank
Oil prices waver on skimpy crude inventory report
Treasuries: The new bubble?
Economist: Unemployment rate could hit 8.5-9.0% during downturn
Productivity in U.S. rose more than expected in third quarter
November layoffs hit highest levels in seven years
Mortgage applications surge by record amount
Plunge in mortgage rates will not end housing slump
Gold eases on firm dollar ahead of data, rate cuts
Oil up above $47 ahead of U.S. inventory report
Retail tracker slashes holiday sales forecast
Cramer: This is not a new Great Depression
How long will the recession last?
FDIC Chief: Intervene on foreclosures
Factory closures, layoffs stir unrest in China
Obama faces delicate task with CIA
James Jones urges broad approach in Afghanistan
Who is James Jones?
Recession-plagued nation demands new bubble to invest in
American Airlines now charging fees to non-passengers
Tuesday, December 2, 2008
Dow closes up 270 points despite dismal auto picture
Big Three financial bailout plan rises to $34 billion
GM, Ford, Honda and Toyota report U.S. sales tumbled in November more than 30%
Wall Street jumps higher in early trading
UAW will hold emergency meeting to discuss concessions
Ford to aggressively restructure and seeks $9 billion in bridge financing
Schwarzenegger declares fiscal emergency
Stock futures point to higher opening after massive sell-off
European markets higher on expected Wall Street bounce
Oil falls to three-year low on bleak economic news
Long bond returns at highest level since 1995; Rosenberg sees a bubble
India demands that Pakistan hand over fugitives
Cash is replacing gold as a safe haven for investors
Gold extends losses on firmer dollar and weak oil
Home sellers suffer amid wave of foreclosures
Monday, December 1, 2008
Dow closes down 680 points on economic worries
The recession is officially here
Obama names Clinton as Secretary of State
U.S. stocks plunge in early trading for first time in six days
U.S. stock futures retreat; General Electric, Lockheed, CononcoPhillips fall
Industry shrinks from Asia to European Union as crisis enters its 17th month
China's currency falls by record against U.S. dollar
Precious metals slide sharply
Oil falls more than $3 per barrel as OPEC defers decision until December 17th
U.S. Treasury yields drop to record lows on recession concerns
Asian stocks decline overnight on signs global recession is deepening
Holiday shopping season off to modest start
Credit card industry may cut $2 trillion in lines over next 18 months
OPEC to delay production decision until December
Saudi Arabia: Fair price for oil is $75 per barrel
General Motors' board reviews plan to restructure auto maker
Coming up: A huge pension bailout?
Indian security chief resigns as India raises security level to war status
Indian police blame Pakistani group
Indian commandos comb Taj Mahal after militants kill 195
Iran Press TV: U.S. is studying Iranian air defense systems
Iran Press TV: Israel drums of war beat down on Obama
Bailouts: $7 trillion and rising
ShopperTrak says Black Friday sales rose 3%
Black Friday, a respite
A real bailout for auto makers
Hu Jintao says China's competitive edge blunted by economic crisis
Crescenzi: What to look for on the Fed balance sheet
A mind is a terrible thing to waste
Who is Barack Obama? - Apparently this is still necessary
Grammy award winner Gladys Knight will improve the feeling of any day: "The Way We Were" and "You Are The Best Thing" and "Neither One Of Us" and "Midnight Train To Georgia" and "Superwoman"
Obama has many difficult choices ahead, but he's up to the job
Friday, November 28, 2008
Dow closes up 102 for fifth straight gain
Stocks narrowly mixed in mid-session trading after streak of gains
European stocks and U.S. futures drop; Asian stocks advance
European inflation rate drops the most in two decades
Retailers open early and discount inventory for U.S. Black Friday
Company bonds give investors best yields since 2003
Russian ruble falls most in five years as central bank scales back defense of the currency
The Wall Street Journal: Iraq approves SOFA
Oil falls below $54 ahead of OPEC meeting
Gold little changed as traders eye OPEC meeting
Japan's industrial production nosedives on global crisis
Indian commandos free 200 in Mumbai after counterattacks
Fed's consumer bailout encourages more bad behavior
Fortunately, Obama Girl is here to completely explain the tax code!
Thursday, November 27, 2008
Stocks in Europe, Asia and Canada have closing gains; Brazil's index declines
World markets advance overnight following Wall Street rally
Asian stocks advance overnight on China rate cut, paced by BHP: India suspends trade
India's Singh points finger at neighbor as violence continues
India halts trading in stocks, rupee, bonds in wake of Mumbai attacks
Death toll rises in Mumbai violence
Sophisticated attacks, but Al Qaeda link is disputed
Indian economy will struggle in post-attack period
Dollar falls on recession fears and rate cut speculation
Gold steady as weaker dollar balances falling oil
Oil retreats on economic concerns
Yield on 10-year Treasury falls to historic low below 3%
Black Friday: It has to be big, and bold
Fannie Mae plans reverse stock split
Mortgage meltdown far from over, as new mortgage crisis looms
How will Bernanke fit into Obama's economic plans
Fed backs Bank of America purchase of Merrill
Fred Kaplan: Keeping Robert Gates at DOD is a great idea
Iraqi Parliament approves SOFA
U.S. suspends Bolivian trade deal over drug war
Natalie Cole shares her lovely voice: "Unforgettable" and "Inseparable"
Wednesday, November 26, 2008
Dow closes up 247 points despite gloomy economic news
Obama continues to define remedy for the economy
U.S. stocks retreat in early trading as data signals deepening recession
U.S. durable goods orders fall twice as much as forecast
Fed deploys $800 billion of quantitative easing in mortgage and consumer debt markets
Bonds soar further after dismal economic data
October new home sales and inventories fall
University of Michigan: Consumer sentiment falls to 28-year low
U.S. mortgage rates drop the most in seven years because of Fed plan
Deadly violence rocks Mumbai, Westerners held
Aljazeera: Scores killed in Mumbai attack
TimesOnline: Intelligence chiefs were expecting a spectacular attack
Feds warn of terror plot against New York City subways
China announces biggest rate cut in 11 years
Consumer spending in U.S. probably dropped by most in seven years
Dividend cuts the fastest at any time since 1950s
Tuesday, November 25, 2008
Dow closes up 36 points in a show of stability
European stocks rise for second day, led by banks; U.S. index futures decline
Nowotny: ECB should keep interest rate firepower, be cautious
Treasury, Fed expected to unveil plan on consumer financing
OECD warns of worst recession since early 1980s
Citigroup bailout charts new course for U.S. government rescues
BHP Billiton abandons bid for Rio Tinto
Gold dips 2% as dollar firms and oil weakens
China's economy slows and Germany's economy shrinks
Obama promotes fiscal restraint, big spending
Obama urges quick action on economic stimulus
Wall Street: Obama, Bush need to take acton now
Be wary of high-yielding CDs offered by non-bank firms
GM: Death of an American dream
Detroit must look towards 2010
Detroit's comeback cars
Let Alicia Keys help to keep your day bright: "No One" and "If I Ain't Got You" and "You Don't Know My Name"
Monday, November 24, 2008
Dow soars 397 points at close on Citigroup rescue plan
Wall Street leaps in midday trading after Citigroup rescue
Obama unveils economic course and his team
U.S. October home resales fall; price drop is a record
U.S. agrees to rescue struggling Citigroup
European stocks, U.S. index futures rally on Citigroup news
Crude oil rises above $51 a barrel as European stocks rally
Treasury traders paid to borrow as Fed examines repos
Obama pledges two-year economic stimulus plan
Obama's troika may push for deeper role in economy, markets
Who is Timothy Geithner?
Who is Lawrence Summers?
Who is Christina Romer?
Who is Melody Barnes?
Gold hits five-week high amid financial crisis
Bank of Israel cuts key rate for fourth time in seven weeks
Can we solve the subprime mess by going after lawbreaking lenders?
Regulators shut down three banks, including Downey Savings
Have past financial crises taught us anything?
Defining terms: What is a recession? What is a depression?
Don't get depressed, it's not 1929
Soros: More money needed for U.S. bailout
Iraqi parliament plans November 26th vote on SOFA
Retired Russian general discusses U.S. war in Afghanistan
Press TV: Iran continues to focus on possible attack by Israel
Understanding Muslim culture: How to read the Quran
The Sara Palin turkey massacre: This is one thing that happens when a C student surrounds herself with other C students - poorly arranged interviews
The late Luther Vandross sings: "A House Is Not A Home" and "So Amazing" and "If This World Were Mine" and "Never Too Much" and "Endless Love"
Friday, November 21, 2008
Dow closes up 494 points as Wall Street applauds Treasury pick
Obama makes key Cabinet picks
Stocks cling to gains in early trading after steep sell-off
U.S. stock futures point to substantially higher open
European, Asian markets rebound despite U.S. plunge yesterday
Bank of Japan holds rates unchanged
Money market-interbank rates inch lower, spreads still strained
Singapore falls into recession, cuts 2009 outlook
Bush signs bill extending jobless benefits
Gold climbs 2% on weaker dollar, stronger oil
Citigroup may seek merger as stock plunges further
Falling prices raise worries about deflation
J.P. Morgan: Fed will cut funds rate to zero by February, 2009
Marc Faber: A strong rebound is coming within three months
Hugh Hendry: All U.S. financial institutions will be nationalized within one year
Protests in Baghdad over SOFA
Rush Limbaugh: The Obama voter is one of the most ignorant sets of voters that we have ever seen
Thursday, November 20, 2008
Dow closes off 445; S&P hits 11 year low
U.S. stocks plunge in early trading on negative jobless news
Global stocks, U.S. stock index futures fall; yen, Treasuries rally
Treasury yields drop to record lows as recession fears rise
Detroit automakers rescue plan stalls in Senate
U.S. initial jobless claims rises to 542,000 last week, reaching the highest levels in decades
Pensions pullback mulled by Congress
Swiss central bank cuts key rate by record 100 basis points
Brent crude oil falls below $50 for first time since 2005, as demand slumps
Is this the time to raise the gas tax?
Obama team warned HUD needs work
Mitt Romney: Let Detroit automakers go bankrupt
What you will save if you quit smoking cigarettes
Russian and Georgian propaganda regarding their war
U.S. troops in Baghdad take softer approach
Somali pirates demand $25 million ransom for supertanker
Iran said to have enough nuclear fuel for one weapon
Teena Marie has one of the most beautiful voices in the recording industry: "Deja Vu - I've Been Here Before" and "If I Were A Bell" and "Casanova Brown" and "Fire and Desire" and "Ooo La La La
Wednesday, November 19, 2008
Dow plunges 427, hits five-year low
FOMC October minutes speak to bleak outlook
Stocks tumble in midday trading on automaker woes
Major auto execs return to Capitol Hill seeking aid
Consumer prices drop record 1.0% in October - largest amount in 61 years and the first drop in quarterly prices in more than a quarter- century
Text of FOMC meeting minutes for October 28-29, 2008
Junk bond yields reach record of 20% as economy declines
Housing prices, permits at record lows
Gold futures up 3%, breaking slump as dollar falls
Stock futures point to lower opening after dour economic news
Oil prices fall below $54 a barrel, down more than 60% in four months
Vince Farrell: Take the subprime losses and move on
HUD expands mortgage modification program
Paul Farrell: Thirty reasons for Great Depression 2 by 2011
What's really killing Detroit
Al-Qaida No.2 Ayman al-Zawahri insults Obama in new audio message
Israeli air force chief states Israel is ready to attack Iran
Iranian Press TV: Israeli threat is real
Missile strike deep inside Pakistan
Former Obama opponent sues claiming Obama is not a natural-born U.S. citizen
Somali pirates strike again
Why aren't groceries getting cheaper?
Obamas work fitness into daily routine
Jennifer Hudson's road to stardom includes three stunning performances on American Idol: "Circle of Life" and "I Have Nothing" and "Weekend in New England"
Tuesday, November 18, 200
Dow closes up 151 in late-day surge
Auto execs ask Capitol Hill for $25 billion in aid
Obama vows quick action on global warming
Wall Street fluctuates in early trading amid weak economic data
Paulson, Bernanke and Bair defend $700 billion bailout on Capitol Hill
U.S. producer prices plunge 2.8%, the most on record
Hewlett-Packard profit tops estimates; shares advance
TARP: A rescue plan or an amorphous scramble?
Asian stocks drop for second day as job cuts mount; HSBC falls
Dollar rises on speculation that overseas investors are buying safest U.S. assets
Compilation of forecasts of U.S. producer prices
U.S. auto chiefs renew aid push with passage in doubt
Bad news: Detroit's collapse is inevitable
Detroit bailout: Seven key questions
Financial crisis tab already impressive: $4.28 trillion
CNBC commentators decry the Plunge Protection Team - a recurring financial markets conspiracy theory
China passes Japan as top holder of U.S. Treasuries
Murder at the Drum Tower: A look at contemporary China
Pirates anchor hijacked oil tanker off Somalia
Before Martha Reeves became a member of the Detroit City Council, she sang one of Motown's best songs ever: "My Baby Loves Me"
Monday, November 17, 2008
Dow closes off 224 as economic worries grow
U.S. stocks open lower on economic woes
U.S. industrial output rises on post-hurricane bounce
Global stocks fall on recession concerns; U.S. stock futures plunge
G-20 calls for action on growth, overhaul of financial rules
Auto bailout backers offer to cut $25 billion size
NABE forecast: Unemployment will peak at 7.5%
FDIC may alter guarantee plan after banks complain
Gold slips as confidence crumbles
Citigroup plans to reduce workforce by 50,000 jobs
General Motors collapse would cost taxpayers $200 billion, which is more than rescue
General Motors may run out of money before Obama Adinistration arrives
110 banks have asked for $170 billion under bailout plan
Gold rebounds but trading rangebound ahead of G-20 meeting
Rangel plans cut of top corporate tax rate to 28%
Republicans debate roadmap back to power
Iraq cabinet approves SOFA
A conservative's analysis of whether the U.S. is still center-right
An analysis regarding the use of aerial drones in Pakistan
China keeps close eye on its banking system
Obama says he will do whatever it takes on the economy
Obama is warned of huge threat from al-Qaeda 
The subprime good guys - the way things should have been
Iranian official labels Afghanistan a spectacular failure
Got a little extra cash? Soak some up, buy a little residential property
Beyonce brightens the day: "Listen" and "Oye - en Espanol" and "Irremplazable - en Espanol" and "Irreplaceable" and "Beautiful Liar" with Shakira
Friday, November 14, 2008
A nervous market closes down 338 on Dow
Gold rebounds sharply ahead of G-20 meeting
Rangel proposes cutting top corporate tax rate to 28%
U.S. consumer sentiment index stays near 28-year low
Stocks open lower as investors refocus on economy
U.S. 10-year Treasury note price leaps one point after retail sales report
Retail sales take record drop; import prices tumble
U.S. stock futures down on doubts over rally
U.S. consumers teetering on $14 trillion in debt
Freddie Mac posts record loss, asks Treasury for $13.8 billion
World leaders to meet in Washington on financial calamities
Oil slips below $58 despite stock market rally
Who benefits from the new Fannie-Freddie plan?
Wilbur Ross says bankruptcy of General Motors would be a mess
Auto bailout prospects in jeopardy as top Republicans oppose move
When was the last time that Iran (formerly called Persia) attacked one of its neighbors? Answer: Persia's 1826 attack on Russia. What society banned slavery forever in 500 BC? Answer: Persia
The Obama's life with the Secret Service
Dismantling Guantanamo - easier said than done
In defense of Detroit
Thursday, November 13, 2008
Dow closes up 553 as stocks storm back from lows
Wall Street fluctuates in early trading
Jobless claims surge past 500,000, a seven-year high
German economy officially enters recession
Libor for dollars climbs, snapping 23-day trend in three-month rate
Wal-Mart's third quarter profit rises 10%
China's industrial output growth lowest in seven years
Oil falls below $56 on grim world economic outlook
Foreclosure rates up 25% year-to-year
U.S. shifts focus of credit bailout to the consumer
OECD says developed world is in recession
A world of advice on foreign policy for Obama
Obama's energy fixes run up against economy
Obama pushes for $50 billion auto bailout, oversight czar
General Motors' troubles raises debate between bankruptcy vs. bailout
Up to 12 die in U.S. attack in Pakistan
Aljazeera interviews Louis Farrakhan regarding Obama's victory
Eric Hovde: Calling out the culprits who caused the crisis
Latoya London should be a mega-superstar: "Somewhere" and "Someone Saved My Life Tonight" and "All By Myself" and "Don't Rain On My Parade" and "Ooh, Baby, Baby"
Miriam Makeba, dies in Italy: "Pata Pata"
Wednesday, November 12, 2008
Dow plunges, down 411 points at close
Paulson changes course on bailout plan, will not buy troubled assets
Stocks open lower on economic concerns
U.S. stock futures point to lower open
Bank of England signals more rate cuts as economy shrinks
Russia may have to tap reserves fund in crisis
Bloomberg survey shows global sentiment near rock bottom
Pelosi's auto-rescue plan sets up clash with Bush
Holiday sales to fall; first decrease in 23 years
Analyst: California faces $28 billion deficit
Guantanamo closure called Obama priority
Forget the Electoral College: Obama/McCain dance off!
Tuesday, November 11, 2008
Dow closes off 177 despite mortgage aid plan
Banks, feds offer new mortgage aid
Oil hovers near $59 on global growth pessimism
Worries about housing and consumers sends stocks lower in early trading
AIG, Fannie struggling after Fed takeover
Stocks fall overnight in Europe and Asia; U.S. stock futures down
Gold dips as commodities turn negative
American Express wins Fed approval to become a bank
David Herro: Now is the time to buy value
Playing the bailout: Bonds may benefit over stocks
Sparring starts as GOP ponders its future
Georgia congressman has lost his mind; says Obama wants to be a Marxist dictator
Obama's victory did not magically eliminate America's problems
Press TV: Bin Laden plotting new attack on U.S.
Has Iran ever actually threatened to attack Israel? Actually, no
Obama Girl stars as Sarah Palin
Monday, November 10, 2008
Dow closes down 73, hit by General Motors and Goldman Sachs worries
Obama asks Bush to provide aid to automakers
U.S. stocks retreat in midday trading as earnings concerns overshadow China's stimulus
China unveils $585 billion stimulus plan as growth slows
AIG gets expanded bailout, posts $24.5 billion loss
Gold rises 4% as dollar weakens and commodities rally
Circuit City files for bankruptcy
General Motors' shares hit 60-year low on cash burn worries
Oil falls on recession concerns outweighing China's stimulus
The answers to five dumb questions about the housing crisis
Citibank to modify $20 billion in home loans
What Obama's health care plan means for you
Who is Rahm Emanuel?
Why did the rich vote for Obama?
Grand Ayatollah Ali Sistani will comment on SOFA in near future
Friday, November 7, 2008
Dow finishes up 248, despite terrible news on jobs and auto industry
Friday, November 7, 2008
Dow finishes up 248, despite terrible news on jobs and auto industry
Thursday, November 6, 2008
Dow continues to plunge, closes down 443 on economic worries
Wednesday, November 5, 2008
Dow closes down 486 because of job worries
U.S. stocks tumble 300 Dow points in midday trading due to economic concerns
Gold slips as dollar firms after Obama victory
U.S. mortgage applications slump to eight-year low
ADP report: 157,000 jobs lost in October
Obama says his choice as first African-American president augurs change
Obama sealed victory by taking biggest risks and making fewest errors
Obama must get running start with financial crisis and wars
Obama's business brain trust
Democrats bolster their House majority, but by less than expected
Compilation of House and Senate races
Your money: Obama on 20 key issues
Who will be the next Treasury Secretary?
Jack Welch: Obama win is a spectacular management lesson for the ages
Covering the media coverage of Election Night
Five economic challenges ahead for Obama
Wilbur Ross: Obama's first move should be to save auto industry
European stocks and U.S. stock index futures fall; Time Warner declines
Europe's markets take profits on Obama win
Libor's biggest drop fails to match Fed or spur loans
Oil slides below $68 on falling demand worries
What Obama stands for on the economy
The Obama portfolio: Dirt cheap agriculture and infrastructure are best positioned
Can't calm down? Try four of the greatest love songs of all time: "Magic Man" and "My Girl" and "Deja Vu - I've Been Here Before" and "Just My Imagination"
Tuesday, November 4, 2008
Barack Obama elected 44th President
Obama elected President as racial barrier falls
Obama makes history
Obama urged to help create new economic order
Text of Obama victory speech
The Root: In our lifetime
Night of drama in Senate races
Why the market rallied even before the vote was over
Asian stocks advance as Obama wins presidency; Treasuries fall
How stock sectors may fare in an Obama administration
Dollar gains against the euro on speculation that victory will speed recovery
Obama to inherit a feeble economy awash in red ink
Which Barack Obama will govern?
John McCain concedes with style and grace
McCain's last mistake
Dow closes up 305 prior to close of polls
Martin Luther King, Jr.: "I Have A Dream"
Whitney Houston: "The Star Spangled Banner"
Monday, November 3, 2008
Stocks rise in early trading ahead of release of economic data
U.S. stock futures indicate mixed open ahead of economic data
Dollar Libor falls to lowest rate since Lehman failure
Societe Generale profit falls 87% on losses from Lehman
Asian stocks gain on rate cuts, South Korea spending; ICICI Bank advances
Commerzbank to tap Germa n rescue fund after asset writedowns trigger loss
Templeton, Sydbank see rupee, rupiah and won bottoming
GM-Chrysler merger talks said set to intensify after election
Treasury says no to GM Chrysler aid
Jeffrey Lacker: Fed rate must not be long for too long
Chinese officials urge domestic demand boost
Stocks likely to recover no matter which candidate is elected
CEOs, famous investors hit hard in market plunge
Congo rebels threaten to topple government unless talks proceed
Dialing back on your 401(k)
Are tax credits welfare/
Is buy-and-hold dead and gone?
Craig Stephen: Nearly all of Hong Kong's eggs are in real estate and financials
Alvin Poussaint: Win or lose, how will we cope?
Electoral college and poll summary
Overseas interest soaring regarding U.S. presidential election
Loyalist see Bush as a good man who has received a bad rap
Onslaught of dirty tricks as Election Day nears
Election deception: The Web's 12 dirtiest tricks
Still feeling stressed? Let Regine Velasquez, Sarah Geronimo, Sheryn Regis and Kyla divert your mind away from financial and election jitters: "And I Am Telling You I'm Not Going"
Marvin Gaye: "The Star Spangled Banner" and "What's Going On/What's Happening Brother" and "Mercy, Mercy Me" and "I Want You"
Donny Hathaway: "Someday We'll All Be Free" and "A Song For Donny"
Sunday, November 2, 2008
U.S. economy preview: Jobs lost in October, factories shrank
October, 2008: A month for the financial world's history books
Sears, Home Depot may lose 8% of holiday sales due to credit crisis
Will this be the worst Christmas season in two decades?
Machinist union ratifies pact with Boeing
Gas falls to $2.46 per gallon
JPMorgan Chase to halt foreclosures, instead will redo mortgages
Coming soon: Congress is back with Stimulus 2.0
Goldman Sachs may be set to post first quarterly loss
Bank of Japan may be heading back to zero interest-rate world
Gordon Brown asks Persian Gulf sovereign wealth funds to invest in United Kingdom
Report: Saddam Hussein's body was mutilated after his execution
Persian Gulf shares rise on rate optimism; Emaar, Sorouh gain
Election 2008: A comprehensive collection of information on the final days
How the economy stole the election
McCain hopes for a Truman style upset
Justice Department deploys 800 voting monitors to 23 states
Obama campaigns in Republican states as November 4th draws near
Obama's aunt-story leak raises questions
Palin punk'd by prank call from fake Nicolas Sarkozy
Jennifer Hudson: "The Star Spangled Banner"
Do you need a diversion from pre-election stress? Here she is: Lani Misalucha, Asia's nightingale, with "The Ultimate Whitney Houston Medley"
Saturday, November 1, 2008
I hereby endorse Barack Obama to be the next President of the United States.
There are many substantive reasons for my endorsement involving his character, as well as economic and social policies. For an excellent, in-depth analysis of his economic policies, I recommend “Obamanomics”, a 200-page book by the well-respected author John R. Talbott.
However, a single pressing reason for my endorsement of Senator Obama has to do specifically with Senator John McCain.
It disturbs me greatly that John McCain attempted to kill himself while a POW in August, 1968. It is widely held in the psychiatric community that a suicide attempt, by a person raised in Western culture, is a near certain indicator of significant and extreme psychiatric disorder, irrespective of whatever environmental factors may have played a role in the person’s decision to kill himself.
Below is a link to an account of his suicide attempt:
http://www.azcentral.com/news/specials/mccain/articles/0301mccainbio-chapter3.html
The account set forth in the linked news article was based on an interview given by Senator McCain years ago – prior to the point in time when McCain became aware of the negative implications regarding his mental health revealed by his suicide attempt. This incident was covered in depth in a book entitled "The Nightingale's Song", by Robert Timberg, on page 136 of the paperback version.
The McCain campaign has succeeded in reaching this point, so near to the election, without the issue of his mental fitness being discussed in the media. I suspect that 99% of the American electorate is totally unaware of the overwhelming probability that McCain suffers from a latent mental disorder that drove him to attempt suicide when placed under stress in 1968. Instead, we hear hours of reporting on such things as the number of homes owned by the McCains, what Obama meant about putting lipstick on a pig and lengthy discussions regarding the cost and financing of Sarah Palin's campaign wardrobe.
I encourage you to end the media black-out of this crucial issue. If John McCain suffers from a latent mental disorder, then he is unfit for the Presidency. It is the responsibility of the media to present this issue to the American public in a thorough and responsible manner. I suspect that most laymen are unaware of the psychiatric implications of a suicide attempt; as well as the fact that a suicide attempt is far, far more serious and rare than mere thoughts of committing suicide.
The future of our country is at stake.
Walter Lewis
India unexpectedly lowers interest rates to spur growth
U.S. two-year notes gain most since February on slowdown and Fed action
ECB may be next to lower interest rates
Next week: Big election, economic direction
Chinese manufacturing contracts as world crisis trims exports
Florida's Freedom Bank is 17th bank to close in U.S. this year
Spector of deflation lurks as global demand drops
Evidence of a recession piles higher with new data
Murdoch says an Obama win could worsen the financial crisis
Erica Jong: An Obama win will spark a second Civil War. Get serious
Wole Syinka: The future of Africa
Obama holds six point average lead in national polls
Beyonce: "The Star Spangled Banner"
Marvin Sapp and K.L. Weathers: "Never Would Have Made It"
4brothersent: "At Last"
Friday, October 31, 2008
Dow closes up 144, as a wild and painful October ends
U.S. stocks open lower following week's big gains
World markets wane on recession fears
U.S. consumer spending fell 0.3% in September, capping worst quarter in three decades
Gold ends day down; monthly fall worst in 25 years
Mood of consumers posts record decline in October
More bad news on tap for Detroit
Argentina's credit rating cut by S&P amid default concerns
China backs Iran SCO membership
Commodities head for worst month in 52 years as economies slow
Oil is set for record monthly decline because of falling demand
Who's to blame for credit crisis?
Jubak: What's scary about this recession
JPMorgan Chase expanding mortgage-modification program
Broke the buck money-market fund returns first $26 billion to investors
Decoding Election Day, state by state
Compilation of newspaper endorsements of McCain and Obama
Obama, McCain and your money: Comparison on key economic issues
Obama's Pennsylvania offensive
Obama by 11 points? McCain gaining? Poll methods yield wild swings
Al-Jazeera: U.S. candidates target key states
Newsweek: McCain rising?
Evans-Novak predictions regarding upcoming election
McCain set to end campaign with worst disadvantage in the modern era
Obama Girl: "I Got A Crush ... On Obama"
Thursday, October 30, 2008
Dow closes up 190 despite slumping economy
Bank of Japan cuts key rate to 0.3%; Shirakawa casts deciding vote
Yen rises after Bank of Japan lowers interest rate less than expected
ExxonMobil breaks U.S. profit record: $14.8 billion
ExxonMobil: The world's 18th largest economy
Banks borrow record $112 billion from the Fed
Oil falls below $65 on U.S. contraction
Treasuries rise as traders predict a December rate cut by Fed
Gold falls from one-week high on weak oil and demand fears
South Korean won falls as confidence and production drop
Mortgage plan may aid some and irk others
More U.S. homeowners have mortgages that exceed the value of their home
Three reasons why stocks are so volatile
Nevada, Michigan and Florida lead underwater mortgages list
San Diego's economic outlook continues slide
U.S. economy and spending fall, signaling a recession
Obama predicts significant recession
Beaten down, American consumers burrow deeper
The McCain campaign seems unusually upbeat: Are they delusional?
Wednesday, October 29, 2008
Fed lowers fed funds rate to an historic 1.0%
September U.S. durable goods orders rise, but fall ex-transports
China cuts interest rates for third time in two months
Full video of Obama 30-minute, multi-network presentation to Nation
Tuesday, October 28, 2008
Dow closes up an historic 889 points
U.S. stocks hold early trading gains as consumer confidence falls
Stock futures point higher as global shares jump
Fed weighs another rate reduction to limit fallout
U.S. home prices fall 16.6% in 20 cities in August
Iceland central bank raises key interest rate to 18%
Libor falls as central bank cash injections ease credit freeze
Full - not excerpted - audio of Obama appearances on WBEZ
Right wingers attack Obama, claiming he is a socialist
Monday, October 27, 2008
Dow closes down 203 as energy and GM slam market
Stocks fluctuate in early trading as investors weigh economy
September new home sales rise 2.7%
World markets slump as Nikkei hits 26-year low
Oil falls below $62 as investors eye weak demand
Treasury begins to deploy rescue funds to banks
With wreckage piling up, Fed eyes another rate cut
Trichet says ECB may cut rates again next week
Obama, McCain focus on Ohio, Pennsylvania as election nears
Video of Obama Closing Argument in Canton, Ohio
Wednesday, October 22, 2008
Dow falls 514 as global worries grow
Dow plunges in early trading on earning woes
World stocks sag as earnings fears grow
Oil falls sharply on big jumps in U.S. oil, gasoline supplies
Argentine stocks, bonds fall as takeover fuels default concerns
Roubini: Recession will last at least two years
Under water mortgages are a growing threat
Advice from six Nobel laureates on fixing the economy
McCain v. Obama: What's real regarding health care proposals?
Tuesday, October 21, 2008
Dow closes down 232
Fed to buy commercial paper from mutual funds
Gold slips nearly 4% as dollar strengthens
Are McCain and Palin George Wallace's heirs?
Monday, October 20, 2008
Dow soars 413 points on stimulus hopes
Wall Street higher in early trading on hopes of credit recovery
Libor falls on government bailouts, emergency central bank cash
Leading indicators rise in September
Bernanke backs more stimulus, citing weak outlook
Friday, October 17, 2008
Dow closes down 127 points
U.S. stocks open lower after housing data
Single family home sales fall to 26-year low
Dollar Libor logs first weekly drop since July on cash infusion
Oil rises on expectation recession fears are overblown
Warren Buffett says now is the right time to buy U.S. equities
Iraqi, U.S. negotiators agree on timelines for troop withdrawal
Analysis of ACORN controversy
Ohio Democrats win Supreme Court ruling regarding voter registration
Thursday, October 16, 2008
Dow closes up 401 points; oil drops below $70
Inflation in U.S. wanes; consumer prices unchanged
Joe the Plumber and Obama's tax plan
Wednesday, October 15, 2008
Dow closes down 733 as fear drives stocks lower
Dow plunges below 9,000 in early trading as retail sales disappoint
Retail sales plunge 1.2% in September
Oil falls to thirteen-month low on economic weakness
Global confidence plunged on concerns about recession
Dollar mixed in tentative market
Tuesday, October 14, 2008
Dow closes down 77 on recession fears
U.S. stocks fluctuate in early trading
U.S. details revised rescue plan to unfreeze credit markets
Paulson anticipates buying stakes in thousands of U.S. banks
Libor for dollars, euros fall on bank rescue plans
Icelandic stocks plunge 77% after three day halt
Marc Faber: U.S. bailout plan will probably fail
Johnson & Johnson beats estimates for third quarter
McCain, Obama promoting populist appeals on rescue
McCain: Buy mortgages
Monday, October 13, 2008
Dow soars 936 in historic closing rally
Wall Street soars in early trading as governments pledge bank aid
World stocks rally strongly
Bush says U.S., other governments working to stabilize markets
Libor dollar rates drop after governments step up bank rescues
Oil near $82, Goldman cuts price forecast
Gold tumbles 3% as equity markets recover
Princeton's Paul Krugman wins Nobel Prize in economics
Friday, October 10, 2008
Dow closes down 128 to end worst week ever
G-7 commit to all necessary steps to stem meltdown
Paulson indicates need to purchase bank equity in near future
General Motors in preliminary talks with Chrysler
North Korea to be removed from terror list
Thursday, October 9, 2008
Dow plunges 679, closes below 8,600
U.S. stocks advance in early trading as IBM beats estimates
Libor dollar rate jumps to highest in year, credit still frozen
Paulson signals Treasury may invest capital in banks
Traders look for direction on oil
Gold futures fall as traders take gains
Jobless claims drop from seven-year high
AIG to receive $37.8 billion more in Fed loans
Is California too big to fail?
Is the European credit crisis the fault of the U.S.?
Subprime suspects: Are poor minority homeowners to blame?
Three Asian central banks cut interest rates
Iceland suspends stock trading, creates new bank
Wednesday, October 8, 2008
Dow closes off 189 as late selling guts a rally
The Fed, ECB and central banks cut rates in coordinated move
U.S. shares fall in early trading on recession concerns
Overnight commercial paper costs rise, bill yield falls on rate cut
Oil down after surprise jump in U.S. crude supplies
Gold jumps nearly 4% as central banks cut rates
IMF: World economy to slow sharply, led by U.S.
Pending home sales up 7.4% in August
Tuesday, October 7, 2008
Dow closes down 508 as panic sets in on Wall Street
U.S. stocks retreat in early trading after Bank of America slashes payout
Retirement account losses near $2 trillion
Fed to purchase U.S. commercial paper to ease credit crunch
Overnight commercial paper yields fall, seven day rates jump
RBS, British banks in discussions on funding plan
Australia cuts benchmark interest rate
McCain calls for federal bailout of homeowners during debate
Monday, October 6, 2008
Dow closes down 370 points
Dow plunges below 10,000 in early trading
Global stocks retreat, led by banks, as credit crisis widens
Deflation threat returns as asset markets decline
Oil falls as financial turmoil spreads
Gold bounces up as flight to safety balances dollar
Emerging markets stocks head for worst drop in two decades
Money market rates climb as banks hoard cash
Friday, October 3, 2008
Bush signs $700 billion bank rescue
Dow closes down 157
U.S. payrolls fall more than estimated; jobless rate at 6.1%
U.S. stocks rise in early trading on bailout and rate speculation
Wells Fargo agrees to buy Wachovia for $15.1 billion
House begins debate on rescue plan; vote later today
Biden, Palin debate analyzed
Thursday, October 2, 2008
Dow closes down 348 on economic worries
U.S. stocks drop in early trading on economic data, rising rates
Libor soars, commercial paper slumps as credit freeze worsens
Oil falls 4% on economic, demand concerns
Jobless claims at seven-year high
Factory orders drop by 4% in August
Trichet says ECB discussed rate cut as growth slows
Precious metals tumble as dollar firms
Greenspan says markets will recover as investors return
House Republicans reconsider position on bailout plan
Obama warns of more job losses if rescue plan rejected
Wednesday, October 1, 2008
Senate approves its own bank bailout package
Dow closes off 20 before Senate vote
U.S. manufacturing contracts most since 2001 recession
Senate votes on bailout tonight, boost to FDIC insurance
Credit markets tight as Senate vote looms
Oil down on stronger crude and gasoline supplies
U.S. financial crisis is spreading to Europe
Tuesday, September 30, 2008
Dow closes up 485
U.S. gambles blamed for world's financial crisis
U.S. stocks rally at open on speculation rescue bill will pass
Libor rises most on record after Congress rejects bailout
Home prices in 20 U.S. cities declined 16.3% in July
Candidates, Bush urge reviving financial bailout
Oil rises above $98 after dive on financial turmoil
Monday, September 29, 2008
Dow plunges historic 778 as bailout bill fails
Asian stocks plunge, yen gains as U.S. lawmakers block bailout
U.S. stocks plunge early in trading
Stocks tumble worldwide, government bonds rise on bank concerns
Sold to U.S. taxpayers for $700 billion: Banks' bad assets
Citigroup agrees to buy Wachovia banking business
House begins debate on $700 billion financial rescue
Bush confident bailout bill will stabilize economy
VIX surges on fears of spreading credit crisis
Fed takes new steps to battle credit crisis
Oil plunges on slowdown fears
Consumer spending weakens as stimulus fades
Friday, September 26, 2008
Dow closes up 121 on bailout hopes
U.S. stocks open lower on bailout clash, WaMu failure
Bush scrambles to save $700 billion bailout plan
U.S. economic growth slower than initially estimated
Consumer confidence index rises to 70.3
Oil falls as bailout talks falter
Risk aversion boosts gold, platinum falls
WaMu becomes biggest bank failure in U.S. history
Marc Faber: $700 billion may not be enough
JPMorgan raises $10 billion in stock sale after acquiring WaMu
JPMorgan says California home prices face further drop
Libor stays near eight-month high as U.S. bailout talks stall
Guardian: Isreal asked U.S. for approval to bomb Iran
Bill Clinton's praise of McCain seen as undercutting Obama
Analyst: What is McCain trying to do?
Bank crisis overshadows defense in first debate
Thursday, September 25, 2008
Dow closes up 197 amid worries
Bailout talks break down
JPMorgan buys WaMu's deposits as thrift is seized
New home sales and factory orders fall in August
Gross: Banking system will need another $500 billion
Wednesday, September 24, 2008
U.S. stocks mixed in early trading
Congress pushes for changes to Paulson bailout plan
Warren Buffett investing $5 billion in Goldman Sachs
U.S. stock futures rise on Buffett's Goldman Sachs investment
Conservatives: "Take a breath" before passing bailout
Libor jumps as banks seek cash to shore up finances
Money market rates jump on rush for emergency central bank cash
AIG definitively agrees to two-year credit line from New York Fed
Uncle Sam : Stockholder
Oil advances on supply forecast,Texas terminal shutdown
Cramer: Five lies about the Paulson plan
Governor Schwarzenegger signs $145 billion California budget
Home resales in U.S. probably fell, matching year's average
Thousands losing jobs in housing crisis
Americans oppose bailouts, favor Obama to handle financial crisis
Mortgage applications fall 10.6%
Tuesday, September 23, 2008
Dow closes down 162 as tech rally fizzles
U.S. stocks fall in midday trading on bailout talks
Stocks rise early as investors track hearing on bailout
Oil prices fall early on profit-taking after huge rally
Bonds mixed as bailout details remain fuzzy
Gold softens as dollar firms, oil slips
What about the $300 billion homeowner bailout passed in July?
Home prices fell 5.3% in July
Sarkozy urges credit-crisis summit as world leaders blame U.S.
SEC's Cox: Credit swaps must be regulated now
Diana Olick: What housing needs is a true correction
Bailout plan will be a drag on fragile U.S. economy
Echoes of Iraq in Bush handling of mortgage crisis
Would reviving the RTC really stop Wall Street's bleeding?
What about my mortgage?
Another devil in the financial crisis
Paulson's bazooka may miss
Nice bailout. Now pay for it!
Iranian president blames Wall Street problems on U. S. military engagement
George Will: McCain loses his head
Is Obama another Dukakis?
Monday, September 22, 2008
Dow closes off 373, oil up 16%
Dollar falls as bailout plan erodes confidence in U.S. financial system
Oil makes biggest single-day price jump ever
Paulson plan may push U.S. debt to record levels
Gold strikes seven-week high on falling dollar
U.S. stocks fall in early trading, led by regional banks
Fed allows Morgan, Goldman switch to bank holding companies
China paper urges new currency order after financial tsunami
Administration rescue plan seeks $700 billion to buy bad mortgages
Oil over $107 early as traders mull U.S. bank bailout
Chicago Fed: Economic activity weakened in August
Gold climbs early on weaker dollar, financial outlook
Japan's MUFG to buy stake in Morgan Stanley
Interventions highlight Bush's shifting ideology
Europeans on left and right ridicule U.S. financial meltdown
Companies try to scramble aboard SEC lifeboat
Dollar may get crushed as traders weigh bailout
Hedge funds raise cash in rally, wait to gauge effects of bailout
Foreclosure rescue scams are flourishing
Bomb a warning to Pakistan: End U.S. alliance
Russia approves hike in defense spending
Venezuela to buy Chinese military aircraft
Ten astounding facts from last week on Wall Street
Are the economic statistics partially to blame?
Kellner: End of capitalism as we know it
Kudlow: Short-selling band is a terrible idea
Market historian: This week will be forgotten in a few years
Cramer: Secretary Paulson is right
Cramer: Sell, sell, sell
Economist see financial bailout as necessary
North Korea tells U.N. to remove seals on nuclear plant
China, Thai central banks signal Asia coping with U.S. crisis
South African president Mbeki agrees to step down
The week that broke Wall Street
Candidates call for oversight of rescue plan
Democrats may use gains in Congress to press new rules on market
AP-Yahoo poll: Racial misgivings of whites an Obama issue
Murdoch: Obama's economic policies are naive
In debates, McCain has either pleased or seethed
McCain transition head lobbied for Freddie Mac
Friday, September 19, 2008
Dow up 369 as dramatic week ends
U.S. stocks make biggest two-day rally since 1987
Treasuries plunge as U.S. government seeks solution to crisis
Paulson: Rescue to cost hundreds of billions
Paulson bailout plan is either worst approach or giant step
Barclays: Rescue plan may increase U.S. debt by $1 trillion
Video of Bush address from White House
Stocks still skyrocketing at midday
U.S. stocks soar 400 points at opening after government rescue plan
SEC halts short-selling in 799 financial stocks
Multiple quick fixes are in play
Oil back above $102
Treasury, Fed move to bolster money market funds
Gold tumbles most in 25 years on rescue plan
Legislators say California budget deal secured
What is quadruple witching day?
Stuffing cash in the mattress is a good way to lose sleep
Russia, China lead record emerging markets surge; bonds rally
Russia ratchets up tensions with arms sales to Iran and Venezuela
The Forbes 400 - America's richest people
Crisis poses on-the-fly tests for candidates
Attacking voter registration
McCain says Fed should stop government bailouts
Obama: Help Main Street as well as Wall Street
Obama supports U.S. economic recovery efforts
Obama makes gains in national polls
Sandra Bernhard creates a profane commotion
Thursday, September 18, 2008
Dow jumps 410 points on hope of bank rescue plan
Paulson, Bernanke seek support for an agency to buy bad debt
Short-selling crackdown extends to New York, London
U.S. stocks open higher after Wednesday's rout
Fed, ECB pump billions into money markets
Wu Xiaoling states that U.S. financial system and products are suspect
Gold tops $900 an ounce as anxiety persists
The next dominoes?
Dollar jumps, yen fades on liquidity boost
Gold extends gains overnight on safe-haven buying
Leading indicators in U.S. drop more than forecast in August
Oil prices return to $100 territory
VIX at 50: Options boil on volitility
Der Spiegel: The foundations of U.S. capitalism have shattered
Morgan Stanley is in talks with Chinese for fresh funds
Russian markets closed until Friday
China cracks down over milk scandal
Isreal's foreign minister wins in party election
SEC tightens rules on short sales
Lloyds to take over UK mortgage lender HBOS
How we got here: It's housing, stupid
Bold predictions: Dow 8,000, gold $1,500 plus
Where did the Fed get $85 billion?
Jobless claims rise due to Hurricane Gustav
San Diego home prices fall to five-year low, median $350,000
Obama invokes Rush Limbaugh in new Spanish-language ads
Limbaugh strikes back, saying Obama stoking racism
Paulson Doctrine will save economy -- for Obama
Does McCain or Obama get it?
House Republicans criticize U.S. bailout actions
Wednesday, September 17, 2008
Dow closes down 449 as fear sweeps Wall Street
Gold prices post biggest one-day gain ever
Dollar sinks as financial woes unnerve investors
Wall Street dealmaking intensifies as market tumbles
Fed takes over AIG and ousts management
Text of Fed statement on AIG loan
U.S. stocks tumble at opening on home starts, higher borrowing costs
Gold rallies 3% early as oil climbs and dollar stumbles
Russian emergency funding fails to halt stock slide
U.S. stock futures pre-open extend drop as home starts trail estimates
Fed eschews markets, picks winners and losers in AIG, Lehman
Some seek government agency to buy bad debt ala RTC
U.S. home starts come in lower than estimates
Pelosi orders wide Wall Street probe
IMF: Worst of banking crisis still ahead
El-Erian: AIG deal is not a huge help
Suze Orman: Thank God they bailed out AIG
The Fed's new role: Sugardaddy
HBOS confirms talks about selling to Lloyds TSB
Japan central bank leaves rates unchanged
AIG policyholder - Is your money safe? Yes
Russia threatens to seize swath of Arctic
CIA: Bin Laden does not oversee day-to-day operations of Al-Qaeda
Suicide bomb attack on U.S. embassy in Yemeni capital, 16 dead
Plan for Change: Obama two minute TV ad
McCain softens his opposition to AIG bailout
McCain, Obama seek political foothold with Wall Street battered
Hacking Sarah Palin
Tuesday, September 16, 2008
Dow closes up 141
Fed leaves rates unchanged at September meeting
AIG accepts $85 billion Fed loan, cedes control to avoid collapse
Barclays to buy Lehman U.S. units for $1.75 billion
Oil prices sink below $92
House passes drilling bill
Gold up on commodity rally, platinum jumps
Treasuries decline as Fed rescues AIG to curb credit losses
Reserve money fund falls below $1.00 value, suspends withdrawals
Schwarzenegger vows to veto California budget
U.S. stocks drop early as AIG, Goldman, Morgan Stanley shares retreat
Stocks in Europe and Asia plunge overnight on AIG rating cuts; UBS drops
Fearing collapse, Merrill Lynch accepts Bank of America takeover
AIG credit ratings cut, threatening quest for funds
Russian stock exchange MICEX suspended in worst plunge since 1998
Oil drops 4% overnight on financial markets turmoil
Money market rates double amid global credit seizure
Fed adds $50 billion to the banking system; funds rate declines
Gold up for third day as economic worries persist
Goldman Sachs net plunges 70%
Why they let Lehman die
Dollar takes surprisingly slight hit overnight amid turmoil
Consumer prices ease on cheaper energy prices
Tokyo platinum down overnight by daily limit after Lehman
Dollar hits four-month low against yen as banking crisis deepens
Lehman collapse spurs calls for credit derivatives clearinghouse
Barclays is in talks to buy Lehman securities unit
On Wall Street, a problem of denial
Deloitte: Holiday sales may be weakest in 17 years
What to do if your broker fails
Wall Street upheaval may sap economy, spurs rate-cut pressure
China may cut rates again, boost spending for growth
Crude oil tumbles for second day as Wall Street adds to demand concerns
Wachovia CEO offers plan for markets
Mortgage rates plummet, but borrowers beware
Whitney: Lehman failure will worsen credit crunch
Views on possible rate cut in flux
The deepening auto recession
Ten ways to protect your finances in a crisis
Fed's strategy has moved beyond rate cuts
Democrats call for 90-day foreclosure freeze
Georgia offers fresh evidence of war's start
Obama calls for closer scrutiny of credit-rating agencies
Obama v. McCain: Healthcare reform
Economy roars back to center of campaign
Did McCain economy gaffe prompt a correction?
Why bad economy helps neither McCain or Obama
Hitchens: Only Obama sees that Pakistan is the problem
Pakistan orders its troops to fire on U.S. troops to stop raids
U.S. drones overfly Pakistan
Odierno replaces Patraeus in Iraq
McCain speaks on Wall Street storm
McCain laboring to hit right note on the economy
CBS News: The Sarah Palin phenomenon is doomed
Gallup Daily: Presidential contest a dead heat
Monday, September 15, 2008
Dow closes with plunge of 504 amid Wall Street woes
AIG seeks funds from JPMorgan, Goldman, after Fed balks at loan
AIG rating cut to A- by S&P; remains on watch negative
WaMu is lowered to junk rating by S&P on mortgage losses
Crude oil falls to seven-month low as Lehman adds to demand concerns
Asian stocks extend global rout after Wall Street plunge
U.S. stocks plunge at open amid changed Wall Street landscape
Bank of America will buy Merrill for $50 billion
Lehman will file for bankruptcy as suitors bow out
Fed adds most reserves since 9/11 as banks hoard cash
Oil drops below $96 on financial turmoil
Treasurys soar as financial wipeout boosts bonds
House to vote on $50 billion stimulus plan
Industrial output plunges by largest amount in three years
Press TV: IAEA confirms Iranian nuclear program is on right track
Reuters: IAEA says Iran stalls probe into alleged nuclear bomb research
Fed widens collateral, banks set up $70 billion fund
Fed expands lender of last resort role even as it draws bailout line
AIG plans major restructuring, report says
Fed to Wall Street: No bailout
The Lehman lesson
Goldman and Morgan: The anti-Lehman
China cuts lending rate, small bank reserves
Euro central banks pump cash into money markets
Bloody Sunday: Wall Street hit by financial tsunami
Gold, silver up 2% overnight on financial jitters
Asian stocks, U.S. futures, dollar tumble overnight on Lehman bankruptcy
White House issues assurances on the economy
Pimco's Gross: Global credit crunch is worsening
Roubini: Predicts another 20% drop in stock values
Roubini: Big risk surging debt makes U.S. more dependent on other countries such as China, Russia and Gulf States
Wilbur Ross: Possibly 1,000 banks will close
Jim Jubak: Who the Fed really bailed out - China
Drop in energy prices may stay Fed on Tuesday
The New York Times interactive electoral map
McCain, Obama try to seize economy issue
McCain suicide attempt while a POW in 1968 raise serious questions regarding his mental health
Obama blames Wall Street crisis on Republican policies
Rove: McCain went too far in ads
Former POW comments on McCain
Obama raised $66 million in August
Lies, damned lies, and Barack Obama
Saturday Night Live Palin-Clinton skit
Friday, September 12, 2008
Stocks close mixed as energy sector rises, Lehman falls
Gold soars on weak dollar and Hurricane Ike fears
Russia apparently packing up in Georgia
Lehman gets bid from Bain, Clayton for asset management unit
Treasury, Fed ask Wall Street chiefs to back Lehman
Ike forces shutdown of 19% of refining capacity, limiting fuel
Gasoline rises on Ike, but crude falls briefly below $100
Boeing strike another hit to economy
Recession Alert: Consumers are starting to hit the wall
Interior Department sloppiness costs U.S. billions
Cramer: Why we need a rate cut
Palin's interview with ABC New's Charlie Gibson
What Bush Doctrine?
The Root: Crumbling under crisis
Alaska lawmakers vote to subpoena Palin's husband
Greenspan says McCain tax cuts need similar budget reduction
Thursday, September 11, 2008
Financials hit in early trading as worries spread beyond Lehman
Stocks head for lower open ahead of economic data
EU committee votes to cut biofuels target
Oil falls below $101 as dollar strengthens
Hurricane Ike churns toward Texas as Houston calls evacuation
WaMu tumbles a third day on capital worries
Trade deficit of $62.2 billion exceeds forecast
Jobless claims fall less than expected
U.S. August import price index falls 3.7%
Energy bill: Drowning in Washington
Bush said to give order to attack inside Pakistan
Obama calls for renewal of 9/11 spirit of service
McCain ad: The wolves are out against Palin
The Root: It's time for Obama to start fighting
Wednesday, September 10, 2008
Dow closes with modest gain despite Lehman loss
Asian stocks decline to lowest level since December 2005
Dollar advances on speculation Europe may slow faster than U.S.
Yen may be poised to gain in spite of dollar strenght
Oil rises in Asia as Ike strengthens
Lehman fails to reassure investors about its future
Rates drop in aftermath of Fannie, Freddie takeover
Junk bonds distress levels surge,signalling defaults in Europe
Pentagon: Afghan strategy not working
Autumn angst: Democrats fret about Obama
Obama on Letterman: McCain policy is the pig
McCain used lipstick phrase too
Who first put lipstick on a pig?
Biden: Hillary a better pick than Biden
Scientists turn on biggest Big Bang machine
Tuesday, September 9, 2008
Dow closes off 280 as Lehman woes slam stocks
Oil dips as Ike weakens, OPEC mulls holding steady
Lengthy Boeing strike could harm U.S. exports
Treasurys rise after Fannie, Freddie bailout
New York oil falls, Brent below $100, as OPEC signals no cuts
Gas prices down 11% from July highs
U.S. may be running out of options to prevent recession
Gold pares losses as oil bounces, near eleven-month lows
How the KGB (and friends) took over the Russian economy
Russia less risky after Georgia conflict
Bush to maintain Iraq troop level until 2009
Congress warms to new oil drilling
NBC/WSJ poll: 2008 race turns into dead heat
Obama: McCain-Palin lying about maverick claim
Straining to reach money goals, Obama presses donors
McCain-Palin chemistry on campaign trail energizes Republicans
McCain campaign crowds grow exponentially
McCain now winning majority of independents
McCain poll surge, fundraising give Democrats election jitters
Campaigns pick up the pace to meet schedule
Army suicide rate could top nation's this year
Push to reopen civil rights-era cases stalls
Monday, September 8, 2008
Government takes control of Fannie, Freddie
CNN Money: U.S. seizes Fannie and Freddie
WSJ: U.S. seizes mortgage giants
U.S. takeover of Fannie, Freddie is stopgap solution
U.S. government takes on huge role in mortgage market
U.S. stocks surge at opening on bailout plan
U.S. stock futures surge pre-open on mortage bailout
How bailout plan protects taxpayers
Gold up overnight on firm oil, eyes dollar and bailout
World markets soar after Fannie, Freddie bailout
Dollar mixed overnight after bailout
China and Japan hail takeover as doubts linger
Overvalued pound may fall 20% as Darling despairs
Jim Rogers: U.S. is more Communist than China
Steve Forbes: Fannie and Freddie should be split up, privatized
London Stock Exchange hit by biggest disruption in eight years
Hurricane Ike hits northeastern Cuba, may head toward Gulf oil installations
USA Today Poll: McCain takes lead over Obama
McCain running from Bush means Obama loses advantage in some key states
Obama gaffe: "My Muslim faith"
Friday, September 5, 2008
Jobless rate zooms to 6.1%, hits five-year high
Weak U.S. economy could undermine GOP
Asian markets get hammered overnight, yen surges
Russian stocks, bonds tumble as central bank prompts up ruble
Foreign policy factions divide GOP
Sarkozy warns Iran it risks attack from Isreal
McCain accepts GOP nomination Thursday evening
Video of John McCain's speech
Obama: Iraq surge exceeds expectations
Rice to make historic trip to Libya
Soldier suicide rate may set record again
McCain bets his character is more compelling than Obama's issues
Palin speech scores big TV ratings
Why the GOP cannot just blow off the minority vote
CBS poll: Obama and McCain tied
Sarah Palin FAQs from Slate.com
What's the difference between a hockey mom and a soccer mom?
Thursday, September 4, 2008
Dow closes down 345 on employment worries
U.S. retailers report sluggish August sales
Beige Book: Economy still hit by slow growth, high prices
Why cheaper oil may signal trouble
Rising unemployment may deepen housing slump
Bank of England leaves interest rate unchanged at 5% on inflation concern
European Central Bank leaves rate unchanged at 4.75%
Back to school? Korean kids never leave school
Text of Sarah Palin's speech
Video of Sarah Palin's speech
McCain's economic plan aims for tax changes
Obama claims McCain's tax policy will not benefit millions
Article: Pulling out of Iraq will not save money
Wednesday, September 3, 2008
Tech, energy stocks keep market in check at close
Oil falls for fourth straight day as oil Gustav misses oil rigs
U.S. factory orders increased 1.3% in July
Iran calls for oil production cuts as crude price falls
U.S. crosses Pakistan border to raid Taliban camp
Pakistan's Zadari: Fears about would-be leader's mental health
U.S. set to announce $1 billion aid to Georgia
Analysts: The euro's problems are here to stay
Coca-Cola to buy Huiyuan in largest China takeover
Job cuts this summer highest since 2002
Auto sales expected to fall for tenth straight month
GM extends employee pricing offer, adds 2009 models
Major commodities fund closes, a blow to Lehman
Palin electrifies crowd at GOP convention
Romney sounds Republican call to arms
Gerson, Waldman on GOP convention rhetoric
Another firing controversy for Palin
Palin's connection to Big Oil
In June, 2008 Palin said Iraq war and oil pipeline are God's will
Todd Palin was a registered member of secessionist party until 2002
The Grand Old bait and switch
Tuesday, September 2, 2008
U.S. stocks fall at close as early rally collapses, oil down
Stocks in U.S. climb early as oil falls
Crude oil, gold, copper lead decline in commodities
Gold firms above $800; off two-week lows
What the Iraq war costs
GOP points to McCain's character, derides Obama
Leiberman calls for voters to cross party lines at Republican convention
McCain's relations with the media turn sour as the election nears
Palin's teenage daughter is pregnant; GOP grumbling
Palin disclosures raise questions on vetting
New Obama ad slams McCain on abortion rights
Monday, September 1, 2008
Two million flee Hurricane Gustav; GOP cuts back convention
Oil falls as Gustav wekens, easing damage fears
Gold under pressure as oil falls, dollar rises
Gustav's possible economic impact is widespread
Gustav to test lessons of Katrina
Stocks in Europe, Asia decline; BHP, Hon Hai, retailers slump
China's banking giants deliver jumbo-sized earnings
Will $7 billion debt plunge Korean won into crisis?
Japanese Prime Minister Fukuda quits
Pound plunges on bleak British outlook
Palin made a good impression on McCain from the start
Campaigns shift as Palin choice alters the race
The drill-down on Sarah Palin
Sarah Palin's early sportscaster days
Obama explains his VP choice, reacts to Palin
Friday, August, 29, 2008
McCain chooses Palin as running mate
Dow off 172 at close
Gold turns to end lower as oil retreats, Gustav eyed
European economic confidence drops, inflation eases
Japan's inflation rises as leaders unveil package
Japan unveils $107 billion stimulus package
Oil rises in New York as Gustav threatens Gulf
India's 2Q economic growth slows to 7.9%
Toyota lowers global sales target
Russia takes aim at U.S. poultry
Saudi Arabia takes big step toward opening stock market
Jobless claims fall for third straight week
Jim Rogers: Economy will be worse off whoever's President
Taxes, spending: Obama v. McCain
Homebuyers squeeze desperate sellers
San Diego economy in recession, expert says
Has Iran ever actually threatened to attack Isreal?
McCain's suicide attempt while a POW in 1968 raises questions regarding his mental health
Obama, an honors graduate of Harvard Law School, also attended Columbia University, where he majored in political science with a specialization in international relations
McCain was one of the absolutely worst students in his class at Annapolis, his best subject was English
Thursday, August 28, 2008
U.S. stocks jump on better-than-expected GDP, jobs data
Oil below $116 as energy stockpiles readied
Gold steady near two-week highs, eye on dollar
What the problem bank list does not say
Why U.S. economy is far from dead
Economy may be strong, but feels like recession
Al Jazeera profile on the Democratic party
Al Jazeera profile on Barack Obama
Press TV: Georgia war for McCain and Obama
Economist: Obama courting disaster with tax hike plan
Obama blasts Bush's failed presidency
Text of Obama's speech at Democratic convention
Video of Obama's speech at Democratic convention
Jennifer Hudson sings the National Anthem in Denver
Obama biographical slide show
Speculation rises on McCain's VP selection
Former President Carter: McCain is milking POW experience
Cindy McCain's half-sister: "I'm voting for Barack"
Former Marine acquitted of Iraqi killings in landmark trial
Wednesday, August 27, 2008
Dow closes up 90, as oil stocks and financials spur gains
Study: Bankruptcies soar for senior citizens
Gold rises 1.0% on firm oil and soft dollar
Fannie Mae shakes up management team
Oil rises in Asia on fears Gustav may strengthen
Britain has largest drop in housing prices since 1990
China, Iraq reach $3 billion oil service deal
Russia hails united Asian support
Georgia war shows Russian army is now a force to be reckoned with
Obamanomics: Is $250,000 per year rich?
Big night in Denver for the Democrats
Tuesday, August 26, 2008
Stocks end mixed on higher oil, consumer data
S&P/Case-Shiller 2nd-quarter U.S. home-price index fell 0.5%
Home prices plummet to 2005 levels
Oil climbs above $116 on Hurricane Gustav worries
Why are the pundits silent on the return of double-digit inflation?
Russia recognizes Georgian rebel regions
Russian stocks, ruble tumble as Medvedev recognizes Georgian rebel regions
Mortgage fraud still soaring
Euro falls to six-month low on German business sentiment drop
Hillary Clinton urges supporters to back Obama
Rich guy v. poor guy: Should a candidate's wealth matter?
Monday, August 25, 2008
Dow off 242 as financials drag market lower
Euro falls for third day before German business conference report
Japanese companies go on biggest shopping spree since 1980s bubble
Realtors say existing home sales rose in July
Oil in Asia tops $115 on tropical storm concern
Will economy's path be a U, V, W or L?
Fannie and Freddie worries ripple across banking sector
Democrats give emotional punch on opening night
Gold bounces to track higher oil, U.S. data
U.S. warns Russia on Georgian states
Friday, August 22, 2008
British economic growth ground to halt in second quarter
Have commodities hit bottom?
Thursday, August 21, 2008
Stocks in U.S. drop early on writedown concerns
Leading economic indicator in U.S. falls 0.7% in July
Oil rises more than $3 on U.S.-Russia tensions, weak dollar
Jobless claims fall for second straight week
Gold at one-week high as markets change tack
Wednesday, August 20, 2008
U.S. stocks rally early, led by Hewlett-Packard; financials advance
Fannie, Freddie bailout may hinge on debt rollover
BOE panel split three ways on vote to keep rate at 5%
Oil pares gains after jump in crude inventories
Mortgage application volume hits eight-year low
Tuesday, August 19, 2008
U.S. stocks retreat early on inflation concern, housing data
U.S. producer prices surge more than forecast in July
Housing starts fall to 17-year low, permits drop
NATO downgrades ties with Russia to protest Georgia conflict
Oil falls to near $112 as storm fears ease
Gold slips on dollar, platinum off 11-month low
Monday, August 18, 2008
U.S. stocks decline early, led by Fannie, Freddie
Gas prices fall for 32nd straight day
Double digit inflation in 2009?
Asian markets fall, but weak yen lifts Japan
Russia says troops pulling back, Georgia disputes claim
Musharraf quits Pakistan presidency
Friday, August 15, 2008
U.S. stocks climb early on lower commodities
U.S. crude falls more than $3, below $112
Gold falls below $800 for first time this year
Dollar rally picks up steam
Bush demands Russia pull out of Georgia
Gorbachev: Georgia started conflict in South Ossetia
Michigan consumer sentiment index rose in August
Industrial output up 0.2% in July
Commodities plummet on dollar strength
Social security: McCain v. Obama
Thursday, August 14, 2008
U.S. stocks rise early as Fannie, Freddie spur bank rally
Consumer prices rise at fastest rate in 17 years
U.S. home sales fall to ten-year low as prices tumble
Oil falls despite worries that refiners overcut supplies
Oil drags gold lower as dollar firms
U.S. involvement in South Ossetia crisis
Wednesday, August 13, 2008
U.S. stocks decline early for second day; Deere, Macy's, banks fall
U.S. retail sales fell in July led by autos
Oil prices surge on weak inventory report
Business inventories post 0.7% increase
Russia-Georgia truce tested
Survey: Global economy is bigger worry than U.S.
Dollar rises to highest levels since March against major currencies
Tuesday, August 12, 2008
U.S. stocks drop early on banking concerns
U.S. trade gap unexpectedly narrows on export surge
One third of new homeowners in U.S. owe more than house is worth
Oil steady on dollar, Georgia conflict
BP shuts Georgia oil and gas pipelines as a precaution
Home prices edge higher in June
Boosting wages: Obama v. McCain
McCain's nuclear plan: Doable but risky
Gold plunges to eight-month low as investors jump ship
Monday, August 11, 2008
Stocks trade mixed early as oil prices fluctuate
Oil edges up, Georgia conflict disrupts shipments
Russia urged to accept truce as fighting spreads
Economic slump in U.S. to worsen as consumers get squeezed
Friday, August 8, 2008
U.S. stocks rise early, led by retailers, airlines; Home Depot gain
Euro falls the most in eight years on reduced rate prospect
Oil, copper lead drop in commodities on dollar, reduced demand
UBS agrees to buy $19.4 billion auction-rate debt
Ruble, Russian stocks fall as Putin says Georgia war started
Crescenzi: Nine reasons for dollar rally
Talk of $200 oil by year's end quietly fades
Gold slides to three-month low as dollar rises
Thursday, August 7, 2008
U.S. stocks retreat early on AIG's loss, Wal-Mart's sales forecast
Pending home sales unexpectedly jump in June
Jobless claims rise to highest level since March 2002
Oil prices rise after pipeline fire in Turkey
Rosner: Economic slowdown just getting started
Citigroup to pay billions to settle securities probe
Foreclosure crisis: The $4 billion fix
Gold slips as dollar rises on Trichet talk
Wednesday, August 6, 2008
Oil falls 20% from July record, reaches bear market threshold
Wall Street falls early on Freddie loss
Consumer recession looms, Merrill economist says
Freddie CEO: Home prices could fall another 20%
The estate tax: McCain v. Obama
Tuesday, August 5, 2008
Fed leaves rates unchanged
U.S. stocks rise early as oil continues fall
Service industries in U.S. contracted again in July
Oil falls as low as $118 on demand concerns
Obama suggests tapping oil reserves and drilling offshore
Gold continues slide on commodities sell-off, dollar strength
Monday, August 4, 2008
U.S. consumer prices jump the most since 1981
U.S. stocks retreat early on accelerating inflation
Rising prices reduce consumer spending in June
Fed likely to hold rates steady during crosscurrents
Whitney: Housing prices still far from bottom
Factory orders jumped 1.7% in June
Your money: McCain v. Obama
Friday, August 1, 2008
U.S. unemployment rate rises to four-year high
U.S. stocks fall early on GM, NYSE Euronext results
Oil prices jump nearly $3 as gas futures spike
Dollar hits to near six-week high versus euro
Boosting wages: Obama v. McCain
Platinum slides on bleak outlook for carmakers
Thursday, July 31, 2008
U.S. economy grew less than forecast in last quarter
U.S. stocks fall early after economic growth trails forecast
Oil slips below $126 after rising a day earlier
Oil majors make big profits, but not at the pumps
Gold bounces after slide with softer dollar support
Wednesday, July 30, 2008
U.S. stocks climb early as ADP shows jobs gain; banks rally
Fed extends emergency lending program through January
Bush signs measure for homeowners, Fannie, Freddie
Oil up after U.S report says gas supplies fell
Gold falls below $900 an ounce as dollar firms
Tuesday, July 29, 2008
U.S. stocks rise early on earnings, Merrill's plan to raise capital
S&P/Case-Schiller: May 20-city home prices fall 15.8%
Oil declines as stronger U.S. dollar dims commodities' appeal
July consumer confidence rises from 16-year low
Gold falls as dollar firms and equities rise
Monday, July 28, 2008
U.S. stocks fall early on Verizon, Tyson reports
IMF says end to U.S. housing slump not visible; credit may worsen
Oil rises above $124 on supply worries
Treasurys rise on bank woes and ahead of reports
Record 2008 budget deficit predicted by Bush official
Gold steadies after slip, underpinned by oil and dollar
Friday, July 25, 2008
U.S. durable orders unexpectedly gain; home sales exceed forecasts
U.S mortgage foreclosures double as home prices decline
Consumer confidence rebounds from 28-year low
Oil drops to near $123 as traders look for stabilization
The dollar stages a comeback the hard way
Gold advances on the day
Thursday, July 24, 2008
U.S. stocks drop, led by banks, on housing concerns
Home sales decline to ten-year low
Oil struggles to advance as natural gas tumbles
U.S. mortgage rates spike
Wednesday, July 23, 2008
Most U.S. stocks rise early on drop in oil; earnings reports
GM falls further behind Toyota in global sales race
House lawmakers to vote today on Fannie-Freddie rescue
Oil extends decline as supply worries ebb
Gold slips to two-week low on cheaper oil, higher dollar
Poll of economists: Majority of economists feel McCain better for stocks
Tuesday, July 22, 2008
Oil falls to six-week lows on forecast storm to miss Gulf fields
CBO: Fannie, Freddie bailout may cost taxpayers $25 billion
Stocks mixed on Wachovia, oil drop
California foreclosures hit 20-year high
Gold eases as dollar ticks up, oil weakens
Monday, July 21, 2008
Stocks in U.S. gain early as Bank of America beats estimates
Crude oil back above $130 per barrel
Economists: Second half growth likely to be anemic
Friday, July 18, 2008
Blue chips rally, but techs stumble
Gold ends lower as global market jitters ebb
Oil settles below $129, now down 13% from peak
Wall Street mixed early on tech, Citigroup
Oil markets looking for signs of bubble burst
Gold down but off lows after U.S. markets open
Is this a suckers' rally?
Thursday, July 17, 2008
Dow jumps 207 as oil falls to $129
U.S. stocks advance early as JPMorgan leads two day financial rally
Housing starts spurred by New York building code change
Oil prices pull back to $134 in volatile trading
Wednesday, July 16, 2008
U.S. consumer prices climb by most in 26 years
U.S. stocks advance early as oil drops, Wells Fargo beats estimates
Oil prices drop $6 on surprise inventory figures
Tuesday, July 15, 2008
Bernanke abandons assessment of lessening growth risk
U.S. stocks pare retreat as crude oil plunges by more than $9
Fannie, Freddie drop; Ackman shorts stock, Moody's cut ratings
G.M. suspends dividend, will cut jobs to raise $15 billion through 2009
Retail sales edge up slight 0.1% in June
Dollar hits new low against the euro
Wholesale prices soar in June
Gold hits four-month high as Bernanke fuels buying
Monday, July 14, 2008
White House, Fed to rescue Fannie, Freddie
U.S. stocks trade mixed on aid to Fannie, Freddie
More U.S. banks may fail after Indymac
Bernanke: New mortgage rules to protect consumers
Financial markets jitters boost gold
Bush lifts ban on offshore oil drilling
Friday, July 11, 2008
Dow closes off 128 in volitile trading
U.S. stocks tumble over concern over Freddie, Fannie and oil
Paulson supports Freddie, Fannie in current form
Oil sets new record above $147
The $5 trillion mess in U.S. housing market
Gold hits four month high on oil, dollar woes
Thursday, July 10, 2008
Oil leaps after Iran tests missles, Nigerian cease fire ends
Gold soars on oil spike, producer buy-back talk
Poole: Fannie, Freddie insolvent after losses
Dow Chemical to buy Rohm and Haas
Retailers avoid June swoon, tax rebate checks help
U.S. initial jobless claims fell 58,000 to 346,000 last week
U.S. foreclosure filings surge 53% in June
Economic, foreign policy issues of 2008 smack of Reagan-Carter contest
The Fannie and Freddie doomsday scenario
Wednesday, July 9, 2008
U.S. stocks decline early, led by tech and consumer shares
Oil rebounds on Iranian missile launches
Oil inventory data is mixed
Dollar mixed as traders mull Iran, oil
Gold climbs on Mideast tension and oil
Developing economies don't back G-8 climate goal
Alcoa earnings are weather vane for inflation
Fed sees turmoil persisting deep into 2009
Drilling our way out of high oil prices
Congress v. oil prices
Mortgage applications rise to highest level since June
The Hindenburg Omen could be predicting the next market crash
Bowyer: The coming Obama recession
Crescenzi: Obama win could cut $40 off barrel of oil
The issues: McCain v. Obama on a range of issues
Iran's missile test divides McCain and Obama
Tuesday, July 8, 2008
Oil plunges for second straight day
Pending home sales fall 4.7% in May
Gold swings lower as dollar firms, oil plunges
Bernanke says Wall Street access to Fed may extend to 2009
Fed's loans to Wall Street may prevent a rate rise until 2009
Study says U.S. stock slump will not end until VIX index jumps
Commodities slump as G-8 says oil and food prices pose challenges
Wholesale inventories pose slight rise in May
Lockhart: Fannie, Freddie are adequately capitalized
Pickens sticks with forecast of $150 oil
Asian markets have a fall overnight
London stocks flirt with bear market territory
Ahmadinejad: Iran does not intend to wipe out Isreal
Adding up the costs of Obama's agenda
Monday, July 7, 2008
U.S. stocks close down on financial sector worries
U.S. stocks tumble at midday, led by banks; Fannie, Freddie shares plummet
U.S. stocks advance early as oil drops; General Motors and Yahoo see gains
Dollar advances on speculation G-8 leaders will support currency
Japan's Nikkei snaps record slide
Gold slides as dollar firms, oil falls
GM may be considering thousands of job cuts
Oil slips below $141 a barrel
Big trouble for Big Three automakers
Economic preview predicts trade gap widens and import prices rose
Hyundai cuts local car sales target on weaker demand
Worse car sales decline expected in Western Europe
Foreclosures to rise, whomever wins the White House
Dow Theorists disagree on market direction
Iraqi government may impose timetable for U.S. withdrawal
Candidate flip-flop guide
Candidates to tout plans today to fix economy
Conservatives to battle McCain over platform
McCain's health plan has tax aspects
McCain works hard to polish skills as an orator
Obama to accept nomination before 75,000 onlookers
Friday, July 4, 2008
Iran indicates it is willing to discuss nuclear incentives plan
Oil prices fall more than $1 a barrel
Gold steady as inflation fears balance dollar
Pace of housing rescues slows, as foreclosures rise
Vulture real estate investors swoop into some markets
G-8 meets as economic storm clouds thicken
Report blames biofuels for global food crisis
Press TV: U.S. has no authority to strike within Pakistan
Press TV: Isreal prods the U.S. towards war with Iran
Ilan Pappe reflects upon the events of 1948 in Palestine
McCain camp struggles with strategy
Forecasting models predict an Obama victory in November
What sort of Supreme Court justice would Obama choose?
Stocks in Europe have fifth week of decline
Thursday, July 3, 2008
U.S. stocks finish mixed following jobs, service data
Oil passes and settles above $145 for first time
Gold closes lower on dollar strength
Euro falls to one week low after Trchet indicates no bias on rates Earnings season kicks off with little hope ahead
U.S. oil industry exports a record of petroleum products this year
Mortgage rates drop following a three week climb
U.S. stocks advance early after jobs report eases rate hike fears
Employers in U.S. cut 62,000 jobs; jobless rate holds at 5.5%
ECB hikes key rate to 4.25%; first hike in 13 months
Gold price buckles under weight of stronger dollar
Service sector shrinks unexpectedly in June
U.K. services contracted the most in June since 2001
Stocks fall in Europe and Asia overnight
Oil rises to record in overnight electronic trading above $145 as investors avoid stocks and falling dollar
Trichet adopts Greenspan policy as he attacks inflation
Probable ECB rate hike unpopular in many circles
Committee questions State Department role in Kurdistan oil deal
How McCain and Obama will affect you tax bill
The economy: McCain versus Obama
What Obama means for business
Obama opens door to altering his Iraq policy
Condoleeza Rice says she is proud of decision to invade Iraq
Colombia rescue hinged on intrigue, revenge
China Southern flies to Taipei, ending 60 year tourism ban
Wednesday, July 2, 2008
Dow falls 167 at close on record oil and GM fears
Oil rises to record above $144 after drop in U.S. inventories
Nikkei in longest losing streak since 1965
Paulson: Oil, falling home prices to prolong slowdown
ECB expected to hike rates Thursday
Gold near ten week high
Gold rally probably will not take summer break
Is America in a permanent decline?
ADP shows biggest job loss in six years
Factory orders post modest 0.6% gain in May
Asian stocks fall to their lowest level since March
Deepening cycle of job loss seen extending into 2009
Historical perspective: An oil analysis from October, 2001
Which is better -- strong or weak dollar?
IMF: Inflation risks propeling more into hunger
Five bear market maxims
Mortgage applications rise from 6-1/2-year lows
John Carter: Dow will sink below 10,000
Lay-off plans up 21% in first half of year
Fed official says outlook for second half weakens
Billions in troubled construction loans will test regional lenders
Gold firms overnight near two-month high
New Iraq report: 15 of 18 benchmarks are satisfactory
Washington Post: Obama got discount on home loan
During his time as a POW in August, 1968, McCain once attempted suicide but was stopped by his Vietnamese captors
Since the most important risk factor for suicide is psychiatric illness, McCain's suicide attempt in 1968 raises serious questions regarding his mental wellness
Tuesday, July 1, 2008
This is bear territory, no bull
Gold soars 2% as oil spikes higher
Ford, Toyota sales fall as buyers avoid trucks
Manufacturing in U.S. unexpectedly expands in June
Construction spending drops 0.4% in May
Morgan Stanley: Credit crisis seen extending into 2009
Europe may push Fed to raise rates
Oil rises on IEA supply warning, fear Isreal may attack Iran
Pentagon official tells ABC that Isreal may attack Iran
Has Iran ever actually threatened to attack Isreal?
Fleckenstein: The end of the superbubble
OPEC's El-Badri: Blame dollar and speculators for oil prices
IEA says there is little evidence speculators are driving up oil prices
Morgan Stanley: Nearly game over for dollar decline
Florida sues Countrywide over mortgages <
Obama to make call to expand Bush's faith-based programs
McCain crashed three U.S. airplanes prior to being shot down in Vietnam; one accident was clearly due to McCain's negligence
Monday, June 30, 2008
Oil rises to record on concern over Iranian disruption
Dollar near all-time low versus the euro
Central bankers unite against inflation
Qatar will not raise crude oil production as prices soar
Chicago purchasing manager index increased in June
Daewoo shipbuilding June orders reach $2.3 billion, highest this year
Persian Gulf stock shares fall, led by Tabreed and Emirates Telecom
Analyst: Oil the wild card in predicting stock rebound
Is the oil index set to fall?
Analyst: Election could delay Fed rate rise until December
Analyst: Inflation stress levels are on the rise globally
How does Dow performance for the first half of 2008 stack up historically?
Consumer spending rises, but key inflation guage is tame
Analyst: Economy still teetering on edge, but not in recession
Mugabe is sworn in as president after disputed runoff
Seymour Hersh: U.S. already involved in covert war against Iran
Iran says oil route at risk if country is attacked
Friday, June 27, 2008
U.S. stocks close near to bear market territory
Commentator concludes there is no panic in the U.S. market
McCain callously dumped his first wife
Militant Islamic website despises Obama because of his foreign policy positions
What Obama means by tax the wealthy
Dow tumbles midday into a bear market
Stocks in U.S. drop early on record oil price
U.S. consumer spending rises more than expected
Fed aided Wall Street to avoid contagion
Oil rises above $141 after hitting a new record
Gold hits one-month high on record oil, weak dollar
Is this gold's golden age?
Fund manager says future lies in Asia
U.S., London and German treasury figures
Thursday, June 26, 2008
Dow closes off 357 as oil tops $140
U.S. stocks open sharply lower
Existing-home sales rise 2% in May, above forecasts
Oil spikes on lower dollar and possible Libyan production cut
European stocks and U.S. stock futures down sharply on bank earnings concerns and fall in technology profits
First quarter GDP up 1.0%, but jobless claims hit three-year high
Oil steady in Asia overnight after plunge in U.S. on Wednesday
Supreme Court slashes damages award in 1989 Exxon oil spill
Gold rises in Asia overnight after Fed action
Gold futures rally more than 3% as dollar falls in pre-U.S. open action
Goldman puts Citigroup on conviction sell list
Goldman puts battered GM on conviction sell list
U.S. weekly initial jobless claims unchanged at foreboding 384,000
Stocks in Europe fall overnight on bank and dollar fears
Asia stocks and bonds edge up after Wednesday Fed action
Warren Buffett says U.S. inflation is exploding
Buffett v. Bernanke: the inflation forecast showdown
Fed's Kohn: central banks must be beware of inflation
EIA concludes that more off shore drilling will do little at the pump
Analysis: banks should fear a rate hike
California home sales soar 18%, but values continue to fall
California and Illinois sue mortgage lender Countrywide
King of the West Bank
McCain was one of the absolutely worst students in his class at Annapolis; his best subject was English literature
Obama, an honors graduate of Harvard Law School, also attended Columbia University, where he majored in political science with a specialization in international relations
Wednesday, June 25, 2008
Fed leaves rates unchanged in highly nuanced statement warning with respect to inflation
Text of FOMC statement
Dow ekes out small gain after Fed decision rally fizzles
Gold ends day in U.S. with small loss after Fed decision
Dollar moves down as Fed fails to give strong rate signal
U.S., London and German treasuries numbers at U.S. close
New home sales fall 2.5% as property values continue to fall
Oil prices plunge after surprise rise in inventory
Fed resumes policy meeting, announcement at 11:15am Pacific time
ECB President Trichet leaves option open for rate increase after July
May U.S. durable goods order unchanged; ex-transports, down 0.9%
Oil prices up slightly ahead of U.S. inventories report
Analyst concludes oil price is based on fear of future shortages
Senate may pass $300 billion mortgage aid as soon as today
Dollar steady ahead of Fed's decision on rates
If oil is causing inflation, what can the Fed really do?
Mortgage applications drop to 6-1/2 year low
Report focuses on effect of housing drop on boomers
Buffett says he is concerned regarding U.S. stagflation
Have Fed rate cuts gone too far?
The anti-doomsday scenario
Gold lower as markets open and traders await Fed decision
Report says world now has ten million millionaires
LATimes/Bloomberg poll gives Obama 15 point lead over McCain
McCain contradicts Bush with global warming policy
Evolution of McCain economic policy stance
U.S. gasoline demand falls 2.7% amid record prices
OPEC president says oil prices will not come down
Life in suburbia becomes untenable with rising gas prices
World's first 80 story building in motion set for Dubai
Critique of first Obama general campaign commercial
Obama asks donors to help Clinton with her debt
Obama slams McCain's energy policies
Tuesday, June 24, 2008
Treasuries rise on decline in consumer confidence and housing
Consumer confidence tumbles to 16-year low
Dow Chemical will raise prices an extra 25% in July
Financial firms may make further cuts in staffing, eliminating 175,000
Bernanke plays dangerous game balancing rate talk with action
FOMC preview: rates will be left unchanged, but inflation an issue
Fannie, Freddie fail to relieve housing crisis by shunning jumbo loans
Global Insight economist sees housing prices falling another 10%
Gold recovers as oil firms, dollar off highs
Zimbabwe opposition party in disarray as violence increases
Bolton says Isreal will attack Iran between U.S. election and inauguration
Oil prices steady as market focuses on Nigeria and Iran
McCain calls for $300 million prize for new car battery
McCain battles unforced errors to stay on message
Obama's upcoming shock and awe campaign
Evangelical leader rips Obama on Bible interpretation
Greenspan says U.S. economy on brink of recession
GM to raise prices on 2009 models and cut production
U.S. home prices continue record decline in April
Homeowners' rescue plan faces key test in Senate
Kuwait to pump 300,000 barrels more per day by mid-2009
Practical methods to invest in the oil markets
Four years of home gains have been wiped out
Dollar slightly lower, range-bound ahead of Fed meeting
Bond insurers trying to unwind contracts
Congress considering nine separte bills on oil speculation
America's untapped oil resources
SEC proposals may diminish credit ratings role
Monday, June 23, 2008
Oil rises above $136 early on volatile trading
Bernanke's inflation cure loses potency as import costs rise
Euro falls most versus dollar in week as German sentiment ebbs
Saudi Arabia pledges to increase oil output
Obama camp closely linked with ethanol
Gas prices up a dime in two weeks
McCain, Obama unveil new energy proposals
Mortgage rate rise spurs some to buy now
Gold drops sharply in early trading
Friday, June 20, 2008
U.S. stocks close substantially lower on oil's surge
U.S. stocks fall early on credit, oil concern; Citigroup, Ford fall
Crude oil rises as U.S. dollar weakens; Isreal conducts military exercise
China fuel price hike may not sap demand
Fed talks up interest rates and housing is hit
Rising corn prices could threaten U.S. ethanol output
Treasurys advance as banks risks increase
A forecast on gold's future
Primer: What is the theory of peak oil?
Gold ends lower, but up 4% on week
Thursday, June 19, 2008
U.S. stocks close with a gain after a wobbly session
Oil reacts to reports China is raising fuel prices
Manufacturing in Philadelphia region shrank in June
Regulators lay plans for investment bank Fed access
U.S. stocks retreat early on financials and dividend concerns
Leading indicators inch up, but weakness remains
Jobless claims decline by 5,000 following surge
World Bank raises China growth forecast
Did the Fed go too far?
What is ANWR and where is the coastal plain?
ANWR drilling could cut 75 cents from barrel of oil, DOE says
Background information on ANWR
A case for drilling ANWR
A case for not drilling ANWR
Wednesday, June 18, 2008
Bush urges end to offshore oil drilling ban
U.S. stocks fall early on Morgan Stanley profit decline, FedEx's loss
Oil price gyrates on mixed inventory picture
China yuan hits new high against U.S. dollar
Mortgage applications plunge on rising rates
Recipe for a market meltdown
Tuesday, June 17, 2008
U.S. wholesale inflation increased more than forecast in May
Most U.S. stocks fall early on housing, industrial production data
Kuwait says oil over $100 is too high; supports Saudis
Pound falls as U.K. inflation climbs to 10 year record
Paulson's China talks shift to energy as yuan rises
U.S. housing starts fall to lowest level in 17 years
U.S. regulators moving to curb speculative oil trading
WSJ says Fed is unlikely to raise rates before autumn
Monday, June 16, 2008
Crude oil rises to record $139.89 early as dollar drops versus euro
Dollar falls as New York factories contract
Dollar may beat euro as inflation trumps subprime
Stocks open lower as oil climbs
Bernanke avoids giving health policy endorsement
Friday, June 13, 2008
U.S. stocks advance early as oil drops
Crude oil falls as Naimi says record prices are unjustified
U.S. consumer prices rise 0.6% as fuel costs rise
U.S. foreclosure filings surge 48% in May
Thursday, June 12, 2008
U.S. retail sales gain more than forecast
U.S. stocks rebound early from two month low
Crude oil falls as dollar's gain reduces appeal of commodities
Wednesday, June 11, 2008
U.S. stocks drop in early trading on global rate concerns
Oil rises by $6 on larger than expected U.S. supply drop
Global confidence falls on higher rate concerns
Fed's Kohn says risk of inflation psychology higher
Mortgage applications bounce back
Tuesday, June 10, 2008
Dollar rises versus yen, euro; Bernanke sees less risk
U.S. trade gap grew in April on oil imports
Saudis boost oil production
Bernanke inflation warning fans worries of rate hike
Russia's Gazprom predicts $250 oil by 2009
Economists expect U.S. to dodge recession
Monday, June 9, 2008
U.S. stocks rise early as price of oil falls
Pending sales of existing homes unexpectedly rise
Gas pushes above $4, oil falls on profit-taking
U.S. jobs market expected to soften further
Friday, June 6, 2008
Dow plunges 395 as oil makes record spike
Gold surges most in six months
Oil spikes past $139.12 during trading
Oil prices jump nearly $11, settle at record $138.54
Oil scores biggest daily gain on record
U.S. payrolls fall, unemployment rate increases
Crude oil advances sharply on weak dollar, Morgan Stanley outlook
U.S. stocks fall early on employment report
Dollar falls to one-week low on jobless report
Jobless rate jumps to 5.5%, largest monthly increase since 1986
Oil soars on $150 July 4th prediction
Wholesale inventories rise more than expected
Currency black market thrives in Caracas
Silver may hit $50 in next few years
Why oil prices will tank
Price tag to fix global warming: $45 trillion
Isreal again threatens to attack Iran
Has Iran ever actually threatened to attack Isreal?
Obama flatly denies a false rumor concerning his wife
Thursday, June 5, 2008
U.S. stocks advance early on retail sales, drop in jobless claims
Wal-Mart, Costco sales beat estimates
Home foreclosures set record in first quarter
Jobless claims show unexpected improvement
Retailers report May results above expectations
ECB may raise rates next month
Wednesday, June 4, 2008
U.S. services expanded at faster pace than forecast
Most U.S. stocks fall early on concerns regarding bank capital
Productivity improves while wage pressures moderate
Oil dips below $124 on concerns over the economy
McCain v. Obama: Partisan differences on the economy
Game on: McCain v. Obama on the economy
OECD global economic forecast slashed
Tuesday, June 3, 2008
Dollar rises to two week high against Euro
Soros says oil bubble and market signal recession
GM shifting focus away from trucks
Monday, June 2, 2008
Factories, building sector show further weakness
Oil spikes over $127, reversing earlier dip
U.S. stocks retreat early led by banks; Wachovia, Cititgroup drop
Fear of sapped demand pushes oil below $126
China Unicom to buy China Netcom for nearly $24 billion
Paulson committed to dollar as reserve currency
Friday, May 30, 2008
U.S. consumer spending gains slowed in April
Consumer sentiment at 28-year low in April
Incomes and spending both slowed in April
Oil bounces above $127 after earlier losses
Housing rescue on the rise; so are foreclosures
Money market funds decline
Thursday, May 29, 2008
First quarter growth estimate raised for U. S. economy
Stocks in U.S. rise early led by financials
Oil prices fall on supply drop explanation
Gas prices hit record for 22 straight days
FDIC says banks set aside record $37 billion
Wednesday, May 28, 2008
Crude above $130 after Morgan Stanley predicts Brent at $150
Treasuries fall as durables excluding transportation rise
U.S. stocks fluctuate following rebound in oil
Mortgage applications slip for second week
Japanese exporters hedge risks with other currencies
Recession? Maybe. Depression? Get real
Tuesday, May 27, 2008
U.S. economy: confidence falls with home values
Oil falls more than $2.00 as record prices curb U.S. demand
U.S. thrifts set aside record amounts for bad loans
Greenspan says recession still likely in U.S.
Friday, May 23, 2008
U.S. stocks take a slide
U.S. home resales decline, inventories jump
Oil rises on weak dollar, supply worries
Oil's surge causing major changes in U.S. economy
Is $130 oil a bubble?
Thursday, May 22, 2008
U.S. stocks advance on drop in jobless claims; limited rallies
Oil hits $135 then retreats
IEA worried about energy supplies; prepares forecast
Bill Gross: Inflation threat is being underplayed
Wednesday, May 21, 2008
U.S. stocks extend drop on Fed minutes; banks lead fall
Oil rises above $133 as U.S. supply falls
Fed sees slower growth and higher unemployment in 2008
Oil's surge hurts outlook for economy and stocks
Mortgage applications near lowest levels of 2008
Gold continues upward climb
Tuesday, May 20, 2008
U.S. stocks fall on producer prices, credit concerns; banks down
U.S. economy: producer prices, minus food and energy, rise
Oil prices rise to a record after Pickens predicts $150
Gold ETF demand doubles in first quarter
Mortgage rescue advances in Senate
Monday, May 19, 2008
Oil rises to record on skepticism Saudi move will cut prices
U.S. economy: Leading economic indicators index rose
Weak ecoonomy may dodge recession
Stocks finish mixed amid tech pullback
Gold futures close at highest level in month
Southern California home sales jump 22%
Friday, May 16, 2008
Dow finishes down 5.86
Gold futures surge above $900
U.S. consumer sentiment falls to 28 year low
Oil rises to record above $127 on Goldman report and China demand
U.S. builders broke ground on fewest houses since 1991
U.S. stocks retreat early led by retailers and banks
FDIC: Credit problems spreading beyond mortgages
Thursday, May 15, 2008
U.S. stocks rally, led by techs
Oil prices reverse course, fall to near $122
Manufacturing weak as economy falters
Fed's direct loans to banks climbs to highest on record
Will the dollar comeback last?
Wednesday, May 14, 2008
U.S. stocks rise early on consumer price report
Consumer prices rise less than forecast
U.S. foreclosure filings surge 65% in April
Oil prices pare losses on small rise in U.S. supplies
Jump in food prices largest in 18 years
Tuesday, May 13, 2008
Crude jumps above $126 as Iran weighs cuts
U.S. stocks fall led by banks
Bernanke: Market turmoil is easing
Monday, May 12, 2008
Closing stocks jump on deals, falling oil
Crude falls after hitting new high above $126
Hewlett-Packard in talks to acquire EDS
Oil is nearing $126 again as dollar loses early gains
U.S. stocks advance early as oil slips, dollar higher
Retail sales probably dropped in April
Gold may gain for second week on demand for inflation hedge
Friday, May 9, 2008
U.S. stocks fall led by financials and commodities
Oil climbs above $126 as dollar weakens against euro
U.S. trade deficit narrows
Thursday, May 8, 2008
U.S. stocks rise, led by commodities producers
ECB sees protracted period of high inflation
IMF says inflation back after years of quiescence
Retailers post strong sales, led by Wal-Mart and Costco
Jobless claims post surprising decline of 18,000
House approves controversial housing plan
Wednesday, May 7, 2008
Dow falls 206 as crude tops $123
SEC to make investment banks reveal capital and liquidity levels
U.S. consumer debt rises more than forecast in March
Forecast of where home prices are headed
Soros says impact of crisis on economy just starting
U.S. petroleum supply report
U.S. worker productivity increases more than forecast
Dollar rises after Hoenig says inflation may spur rate increase
Stocks lower at open
Oil steadies below $122 at open
Tuesday, May 6, 2008
Housing picture worsens as Fannie Mae forecasts price drop
U.S. stocks rise on energy producers and financials
Oil nears $123 on $200 prediction by Goldman, Sachs
Feldstein: Recession still likely but may not be deep
Dollar down against major currencies
Monday, May 5, 2008
Stocks in U.S. retreat on record oil and M&A concerns
Oil rises to record after ISM report
Gold ends more than $16 higher on the day
A forecast of the economy
Fed survey shows more U.S. banks have tightened credit terms
Currency trading primer
Buffett says credit crisis has eased, but individual pain persists
Fed likely to prefer lending over further rate cuts
Tech, financials may be regaining favor with investors
Economic calendar
Stock investors hope to avoid wild cards on credit and banks
Fed move helps to put floor under dollar for now
Friday, May 2, 2008
Mixed end to upbeat week
The week in review
U.S. stock rally dissipates
Oil rises on economic outlook
Gold ends higher after four month low
Is the commodities boom over?
U.S. economy lost 20,000 jobs in April
Fed raises cahs auctions to ease bank borrowing costs
Techs, financials doing well at midday
U.S. stocks rally early in trading day
Jubak: A double dip fall is possible
Countrywide rating cut to junk by Standard and Poor's
Microsoft, Yahoo talks intensify
Treasury prices decline on jobs report
Clinton, McCain tax holiday may help oil companies more than consumers
Gas tax holiday is a bad idea
Jobs report fuels hope economy has hit bottom
Dollar rises on jobs report
Consumer bankruptcies soar 48% in April
Oil rises to over $114 on jobs data and rumors
New York Times: Wall Street sees signs of sunshine
Thursday, May 1, 2008
Gulf states may unpeg from dollar, Kuwaiti official says
Construction spending falls, led by housing
U.S. gas cheap by world standards
Manufacturing shrinks for a third month
U.S. strategic oil reserve becomes hot button issue
Oil falls to about $111 a barrel as dollar strengthens
Initial jobless claims rise more than expected
Low spending is taking toll on economy
Dollar rises to five week high versus the Euro
Mark Mobius sees Fed rate at 1.00%
What Fed move means for mortgage rates
How low will real estate values go?
Mortgage rates rise to highest level in seven weeks
Affordability: the bright lining to the real estate mess
Bank of England asserts worst of credit crisis is over
ExxonMobil profit soars, but misses estimate
Surge in U.S. Hispanic population
Microsoft's board fails to decide on Yahoo
Wednesday, April 30, 2008
The Fed statement in plain English
Food price rise could last another two years
Text of Fed statement
AP analysis of Fed rate cut
ISM Factory index forecast
Bank of Japan lowers forecast
Analysis of Fed rate cut
Larry Kudlow says there is no recession
Chinese banks among the world's largest
Fed cuts rates but leaves uncertainty
U.S. economy grew at 0.6% pace in 1st quarter
ADP says U.S. companies boosted payrolls by 10,000
U.S. stock futures rise after ADP shows unexpected job gain
CDOs face downgrades as losses prompt Fitch overhaul
Big investors see recession, Wall Street depression
Mortgage applications drop to 2008 low
U.S. could have recession without drop in GDP
Treasury to auction $21 billion, brings back the one year bill
Japan holds key interest rate at 0.5%
British home prices fall for sixth straight month
You have seven years to learn Mandarin
Federal Reserve expected to cut key rate today
