Oh I don’t know… 9 March 2009
Posted by marisacat in 2010 Mid Terms, AFRICOM, DC Politics, Democrats, Inconvenient Voice of the Voter, U.S. Senate, UK, WAR!.trackback
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Oh I don’t know.. it just looked like an appropriate pic… 🙄
Riding at the top of the online NYT…
[A]merican investors are ditching foreign ventures and bringing their dollars home, entrusting them to the supposed bedrock safety of United States government bonds. And China continues to buy staggering quantities of American debt.
These actions are lifting the value of the dollar and providing the Obama administration with a crucial infusion of financing as it directs trillions of dollars toward rescuing banks and stimulating the economy, enabling the government to pay for these efforts without lifting interest rates.
Of course there has to be the lining in the cloud that is not silver..
[A]nd yet in a global economy crippled by a lack of confidence and capital, with lending and investment mechanisms dysfunctional from Milan to Manila, the tilt of money toward the United States appears to be exacerbating the crisis elsewhere.
…
“Virtually all of the low-income countries are in very serious trouble,” said Eswar Prasad, a former official at the International Monetary Fund and a senior fellow at the Brookings Institution, the liberal-leaning research organization in Washington.
He went on: “This is the third wave of the financial crisis. Low-income countries are getting hit very hard. The flow of private capital to the emerging market has dried up.”
Private money invested in so-called emerging countries plunged from $928 billion in 2007 to $466 billion last year and is likely to fall to $165 billion this year, according to the Institute of International Finance. …
Starve them til we and others are there to plunder the resources…
“The fact that we can still borrow at lower interest rates is saving us from much more severe adjustments,” Mr. Rogoff said. “We’re really still staring down an abyss.”
Seems an awful lot of abyss, more than enough to go around..
***
Somehow related, I spied a headline in the UK papers that whatshisname of Virgin Mega Everything now also wants to be a high street bank.
Can’t the big frantic boys ever fucking nap?
There is so much bad news around, I would ignore this but it is in a Nouriel Roubini email letter… fwiw.
I don’t think anybody has an inkling what is coming. The word “bad” doesn’t seem strong enough.
Oh agree, it is a foggy misty future… the only thing I see is that people are def beginning to buy foreclosures, out least out here, they are… which is a good move, no matter what.
But that is about it right now.
There are more of these popping up in more places: slideshow of tent city growing outside Sacramento.
the one in Sacramento is reaching national coverage.. and I assume there are others…
Crooks & Liars has a post up claiming that there are “Bushvilles” popping up in Seattle, and Reno, and Nashville.
I think calling them “Bushvilles” is just such bullshit, as though the seeds for this mess weren’t planted during the Clinton admin by him and his cabal from Goldman.
I was listening to some political show over the weekend.. and a commentator mentioned that Democrats ran against Hoover til 52.
It’s not like they got a new idea… I assume the effort to cal them “Bushvilles” originated with the Dems.. and they will push it.
Krugman was harsh to today, hard to get around that……….
The stupid, it burns!!
Oh E.J. … always the altar boy, eager to fall to his knees in front of some fraud pretending to be something he isn’t.
oh noes… Chuck Todd says that the WH will send Geithner and others out next week to … I guess give speeches. Rally the masses, speak to Wall St… (?)
well, they can tryyyy I guess.. but ”wrong crew” seems like the label
LOL
speaking of the stupid.
My vote for best title of a blog piece I’ve seen in a while: What’s that, Lassie? (Woof, woof!!) Timmy Geithner’s in the well?!!
I put a new post up.
For whatever it’s worth: The archbishop of Recife tried to prevent a nine year old girl who was raped by her stepfather from getting an abortion. The archbishop failed and promptly excommunicated, among others the medical team which carried out the abortion.
See here and here.
So much for talking it over with your pastor.
You know when I read that, I wondered how a 9 year old is supposed to carry and give birth to TWINS…
Never doubt the Church’s ability to top its own past performance…
Never worry, we have already survived.. and the future is bright. [Seems she is forecasting Roubini’s “sucker’s” third or fourth Q rally.]
Via Tapper column:
Well, why should she join the herd or even give credible answers to the herd of critics. And btw, tomorrow is Education Day! for ObRama…
The president will deliver remarks on education reform at the U.S. Hispanic Chamber of Commerce’s 19th annual legislative conference Tuesday morning.
Have an apple!
Carry on.
How does one react to this? Lula criticized the Bishop of Recife, who in reply said Lula should consult a theologian.
Here was Lula’s statemenet
trans: “One can’t allow that a child raped by her stepfather should have that child; aside from everything else, she risks death. In that regard, the medical profession is more justified in its position than the church”
Report Says 1 in 50 U.S. Kids Are Homeless
Three of the top five Gross Domestic Product states (let alone Cali’s ranking as the on of the largest economies (loaded with global philanthropists) in the world), get a “gold Star” for hideousness:
”….
According to the new report, the states with the highest number of homeless children in the period studied were Texas (337,105), California (292,624), Louisiana (204,053), Georgia (58,397) and Florida (49,886).
….”
The full report (huge pdf) is here
Mike Whitney at Cpunch slams Geithner (and Summers and Bernanke) from top to bottom… but here is the tragedy:
Just what we are not getting from Black Reagan Jesus and his merry band of neurotic mutants.
I am starting to have some limited appreciation for the soviet or Chinese system of removal of failed bureaucrats. Swift, at the least. On to the next corrupt one.
Speaking of BoA (and ceremonial gestures toward clawback), NYS AG Cuomo and Barney “Rubble” Frank sent another stern letter to chief exec Ken Lewis about disclosure of pre-bailout mega-boni yesterday.
And just in case Buffet’s tidings of Monday morning joy (which included the “c” word – “cliff” – and a reference to Pearl Harbor, of all things) have finally stopped reverberating in headlines near and far, the IMF and a WSJ analyst are ready to scare more pants off of skittish market mavens today.
Global economy to contract in “Great Recession”: IMF
Whitney says credit cards are the next credit crunch: report.
re Buffett and his mouth…
I read a couple of much chiller reports in the UK press.. and one thread (think at the Independent) just dismissed him, as gaming the market to suit his investments (Wow! what a thought!). And excusing the private planes and related, when he owns (or a share in) NetJets.
I notice he has been chatting up Wells Fargo… where of course he owns shares.
LOL
My knowledge of Wall Street could fit in a walnut, and I sure as hell can’t pretend to keep up with the blizzards of pseudo-wizardry piling all around us now, but even I don’t expect the usual gamers to loosen their grips on personal stakes as they play at “propping up the system” mid-collapse.
agree.. I m sure Buffett sought the Sqawkbox interview, jsut to game us…
The sad thing in the GE ws watching Ob display how impressed he was with the Buffetts and the Kennedys and so on.
What a shame (and a sham) it all is.
The Daily Show gave another kick to the CNBC House of Hilarious Cards last night:
In Cramer We Trust.
(Bonus points to the staff writer who coined a new name for the blogosphere – the “twitscape.”)
🙂
Hold on to the walnut.
LOL! I’ll try.
Well obviously box office is down (which it is not), gotta tighten up and boot out the old people…
One bright spot yesterday was the news that public transit ridership is on the rise, and is now at highest level in 50 years or so. Happy timing for Paterson’s roll-out of a big new rail initiative for NYS: Governor offers high-speed rail plan.
Who knows what we end up with… Wapo version. NYT version (Calmes etc) make it seem the items at issue are out already, or, being greased for the skids… LOL.
“Medicare radiology rules”… that is a joke right there.
No need to worry about highly conservative reacationary looney tunes FLORIDA Cubans topedoing moving forward. Nooo… NJ Dem will do that.
🙄
28. The more important, although less sexy part of the NY rail initiative is simply getting the current trains to run on time. If you’ve ever ridden Amtrak from NYC to Buffalo, or even Albany to Buffalo you know it is a minefield of delays, flooding, train vs. car crossing accidents, and the occasional derailment and chemical explosion. The canal system is run better (and seems faster…!)
… So do we really want those trains running at 150 mph? 😉
maybe the cars will skip across the flood waters if they’re going fast enuff.
What a circus… Cramer on the Today Show, they are showing clips of Buffett on Squawk box… Jack Welch screaming on Scarborough yesterday…
laughs all around, yucks and chucks. A rump roast in every pot.
I was watching that Welch circle jerk yesterday. Serious ethical questions about them touting GE stock that they own through their retirement/incentive plans … which none of them made a point of mentioning at first. I noticed after a few minutes some lawyer must have gotten on the phone and yelled at them, b/c suddenly there was a scrawl about MSNBC being a subsidiary of GE etc. Scar kept saying “GE MAKES things!”, though no one mentioned that the company is in trouble thanks to the financing arm it owns, that Welch built on the back of massive layoffs back when he ran the company.
We are saved! Our long national nightmare is over! Citigroup will bring us back! I am sure the Bible foretold of this miracle!
31. The major east-west traffic through NY State – car, train, barge – still has to squeeze through “the Noses” of the Mohawk River, a very narrow and watery gap between the Adirondack and Appalachian uplands. This was a spectacular idea back in 1750 — but in 2009, often not so great. The current railroad and Thruway are virtually IN the river, which is lots of fun at flood stage.
Here’s the mighty Mohawk this week: http://www.timesunion.com/AspStories/story.asp?storyID=777909&category=REGION
(see pix)
Do you want to go through that on a high speed train? I’ll be wondering how they’re going to get around that.
With some smart, local engineers and geologists, I’m hoping!
Thanks for the Noses reference . . . sent me ambling around old maps of the so-called New York Central Railway Water Level Route. One of my old stomping grounds was (literally) the obsolete and out-of-use track around Lock 7, but I’m ashamed to say I’ve never made the trip – by boat or train or car – all the way west to Buffalo.
It’ll be years in the making, probably (think I saw one pooh-pooh report predicting first service in 2017), but real, efficient passenger rail between Albany and Buffalo would do wonders for all, it seems to me.
Right now, doesn’t the freight line (CSX) pretty much rule the rails? Part of why Amtrak has to stop so often, to give right of way?
yup, that’s why. Amtrak only owns the tracks in the Boston to DC corridor, from what I understand.
Yes, and service from Albany south to NYC is generally efficient and on time. Frequent, too, compared to other routes. (Anything north of Albany to Montreal, for example. More short-sighted stupidity.) Amtrak also owns funny bits and pieces of track elsewhere (from the patchwork of old defunct railroad history), according to Wiki.
Or – Spector doesn’t vote for the Employee Free Choice Act and gets by Toomey anyways.
Or, the Kissafuckin Death: Rendell promises “100% support” –
for Spector’s Democratic opponent. LOL.
Or Eddie run his own Rendellardasss self. Oh Markos.
No wonder he get’s eaten alive when venturing East.
I don’t know. Maybe he has a scoop.
But I do know one thing. Popcorn.
Popcornucopia on this one, the EFCA.
WRT the Bill, something out of the House I think,
Not even a vote scheduled yet in the Sen IIRC.
So effectively, its all talk-talk STALL Talk about something that could happen…. when?
I guess they need more time to figure out who will take the outright dive. Maybe give Senator Wal Mart WhatsHerName from Arkansas a chance to look tough against Bentonville while persuading the Crew Cut Blockhead – WhatsHisName from Montana – to take a dive along with somebody else for good measure… Maybe they’ll cripple it beyond recognition and even pass “it”. Whatever that “it” ain’t.
They’ll figure something out.
And then…. it’s Man Titz Time.
Sorry you got stuck in Moderation… and I was dead asleep!
😳
As for this:
Popcornucopia coming up on this one, the EFCA.
WRT the Bill, something out of the House I think, Not even a vote scheduled IIRC.
hmm I don’t think thw WH is really truly behind EFCA. Gee what a shock!
Course I could be wrong… and it’s all ok about the snake and the apple and that tree in the Grden of Eden. And all that…
🙄
hmm Chas Freeman pulls his name for NIC. Or Blair pulls it. Whatever, the weeks of back and forth are over. Politico version.
It just gets funny… later at the Gibbs daily, Tapper asked of the Geithner letter was like a signing statement, just not from the Pretzel. I think Gibbs stuttered, yes. And no.
Remember he’s from Hawai’i… never been to Chicago.
Here it is…
That job (no matter who’s prez) has to rank in the Top Ten Most Horrible Jobs in the World.
(As a current job-seeker, I find it all too easy to visualize the sickening description.)
oh I absolutely agree that it is… but never thought Gibbs was suited to it. Basically an operative, tho he got very showily triumphant thru the GE…
Oh well…
Cramer whining on Morning Joe.
Scar says Jon Stewart is an idealogue.
and the Cramer segment mentioned above on the Today Show.
Thin skinned much?
it was really bad……………………….
LOL Apparently Geithner is going to be n Charlie Rose… The Page already has the transcript up… (they tape around 5 pm NY time.. but, at least here, it shows at midnight)… Buffett is going to haunt the admnistration, in his determination to “support” the admin AND ensure nto a single burning ember blows back on him. Charlie is fundamentally stupid (imo), he would never know of the letter frm Buffett but he was tipped to use it.
Why the cops need a watchdog
Cops won’t do it. They never have, they never will.
well imo it is just like doctors and lawyers nad other professionals. Lots of boards, panels, reveiw processes, routes for sanction and removal and dismissal… and it all just spins on. They lose files, miss big glaring red lights… huffle muffle and shuffle.
And so on. Every once in a while they catch someone, or something… but not all that often. And they know perfectly well what goes on…
Funny you should mention that . . .
Mass. doctor accused of faking painkiller studies
All I can say is the so called, highly disparate and prone to sheer silence (no one wants to hear from them) “pain community” knew that Vioxx and Celebrex were bad news. Much of this is to avoid prescribing opiates or derivatives, for pain. They are old, cheap in the scheme of things… and all you have to do is guard for people who cannot handle them, a minority… and properly titrate dosages. LOL Not exactly Med School 101 for decades.
Oh well. better 58,000 dead from Vioxx. IIRC that was a published number.
And if those were the deaths, just imagine the figures for unnecessary, extended misery, right? A simple example from the comments to the story:
I avoided the AL shooting story for a few hours…. NYT sounds like the number will grow…
Sadly I think you’re going to see more of these house-to-house rampage shootings. There was one in the Rochester area recently that spread over two counties. Disgruntled men traveling with guns, taking out anyone they’ve got a family or work-related grudge against. It’s not just about walking into your old workplace any more.
hmm Chas Freeman did not go quietly. At least.
Hmm Tapper closes with a comment that Freeman’s comments got picked apart like any other nom but he is the only one to claim a dark conspiracy behind it.
😉
good for him.
The Daily Show goes after the Cramer parade today again tonite. Pretty funny.
Cramer is gonna be on the Daily Show Thursday.
I think Jon Stewart might want to install a barrier between the guest sofa and his chair at the desk.
Jon took advantage of his own Viacom corporate synergy and got an appearance by Dora the Explorer about the whole controversy. Boots the monkey offered to fling poo at Cramer, and Dora called him a pendejo.
ooo I like the direction Stewart is going… 😉
the video is up.
hmmm
From the Max Blumenthal Daily Beast embedded link above:
more…
Schumer via TMPDC:
Re the Alabama shootings…
No shit! Really?! What would we do without MSNBC to explain stuff for us.
I see someone has shot up a German school… 17 dead… hmm will pull up a link in a bit…
***
Drug Czar:
AP via the UK Independent… full text:
A 2000 article from the NYT examining the phenomenon of rampage killing (an attempt to put together a profile of killers).
Thanks for that NYCO…
also:
Madman sent me this website some time ago… on mass killings.. and, from the title, he looks at media / copy cat effects as well. Germany is one down, right below that is Alabama.
http://copycateffect.blogspot.com/
so so so so so not shocked.
it was always a primary battle between New Newer Newest Dems and who can out Third Way who.
Oh FUCKING Puhleese. They are not socially liberal. At all.
Surrounded by 65 moderate Democrats on Tuesday in the State Dining Room, Obama was happy to portray himself as simpatico with a group of members who are largely socially liberal but fiscally more moderate to conservative.
Mush… we vote for mush.
Oy frickin vey! Just spied this link at Eschaton – Now-needy FDIC collected little in premiums. With fund going strong, banks didn’t pay for decade
oh that is very bad news. Talka bout a critical “rainy day fund”.
As a Treasury Department official in 2001, she said, she testified on Capitol Hill about the need to impose the fees, but nothing happened. Congress did not grant the authority for the fees until 2006, just weeks before Bair took over the FDIC. She then used that authority to impose the fees over the objections of some within the banking industry.
The fund maintained itself, via interest, during the fat and happy boomtimes, per the fat and happy bankers’ instructions. Our pitiful elected representatives thought that all sounded reasonable, of course.
hmmmm, an “insurance” company that didn’t collect premiums. Typical.
Clemons The Washington Note on the Chas Freeman mess:
I’d say we have been there for a while. the Freeman nom just pushed into a bigger spot light.
Freeman was on NPR, and NOT happy:
54
First do no harm.
A dead concept. When OTC analgesics work better than Celebrex or Vioxx (which iirc were not cheap)… something is very wrong.
Are you seeing car dealer ads out there offering “recession-proof” financing? A major dealer near here is now advertising a warranty that allows you to simply return a newly purchased car, if you lose your job within the year.
Meanwhile, it looks like a heartland auto dealer took a different, more personal approach to the crisis: 3 execs, 81 cars missing from Nebraska dealership.
A major dealer near here is now advertising a warranty that allows you to simply return a newly purchased car, if you lose your job within the year.
One of the Japanese manufacturers has been advertising that for a few weeks in Cal… but I forget which one. There are different versions… Think the latest is if you lose your job, they will suspend paymetns for 3 mos… and right of return due to job loss with no ding on credit.
i am assuming this is carefully extended, based on past credit.. and so on.
But no idea.
Obviously car sales have gone to zero.
73. I was just going to post that link here (saw it at CR) but IB beat me to it. Now is the time to spout my foul-mouthed imprecation of choice… What the f—ing f—!!!/i>
Hey, at the time, business was good!
(More old ‘toons here.)
More on Cuomo’s efforts to force disclosure about all the mega-cash bouquets tossed around just before the wedding of Merrill Lynch and BoA (a new filing today):
Cuomo Opposes Effort to Keep Merrill Bonuses Private
Hannity
I think that’s the first time Hannity’s ever gotten history right, since torture and Xtianity have historically gone together so many times.
Seymour Hersh: ‘Executive Assassination Ring’ Reported Directly to Cheney Office
hmm
And when do we learn that select members of the Senate Intelligence Comite did in fact know. And the House leadership. Like Nancy’s 2002 meetint with Bush at the WH… and so on.
LOL…………….. In the “Center” with the armadillos and the yellow lines. Breathing car fumes.
Eleven Democratic senators have steered clear of the EFCA
Goooo MARKOS! – Rah!
{BHHM with pom-poms ..
….implausibly squeezed into cheerleading skirt with WONDERFUL perky sweater}
LOL. The butthole saying yesterday how Specter is going to flip to push it over the line. LMAO.
MAMZ said Spector CHANGING PARTIES would seal the deal .
Spector will change parties if he needs to to save his ass…
Markos little frolick is just that. Shaking the cage for Ad Money when the deal is going to be killed by the Democrats. As always.
And again, it’ll be “Sagging Little Manubbins” Harry Reid sighing at the mic.
No Reason to Demonize U.S. Single-Payer Health
Clusterstock did not mince words on Card Check… 😆
gnu thread…
LINK
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