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Archive 2011

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 base

Income 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 China

China 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 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 PresidentCost 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  

              The text of the first part of 2011 was erased from this website
                                    by a hacker attack in 2011

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

Wednesday, September 28, 2011

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 government

Ted 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. acce ss 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

Wednesday, March 23, 2011

Tuesday, March 22, 2011






Palm Springs at twilight

Monday, March 21, 2011




American B-2 Stealth bomber, flown from Whiteman AFB in Missouri





Saturday, March 19, 2011

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


                  The text of the first part of the year 2011
                           was erased from this website
                             by a hacker attack in 2011


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