Bits of News

What Recovery? Myths, Lies, and Green Shoots

Sat, 20 Jun 2009 21:37:56 +0100

There are those that honestly think you can make a sustainable economy based on people buying things they don't need with money they don't have. Then there are those who just want to sucker in the sheeple so they can fleece them one more time.

When Math meets Dogma

Thu, 28 May 2009 06:26:19 +0100

You would think in today's world that people would accept that simple math isn't something you debate. You would think that people would accept that 2 + 2 = 4 and then move on. But that's not how the world works. The obvious example is government spending.

The Bottom...?

Tue, 19 May 2009 22:29:53 +0100

Yesterday, the Dow had its best day since the beginning of April... the sun is shining, the birds are chirping... and all seems right with the world - at least on the surface. James Howard Kunstler is here to clean off those rose-colored glasses, and give a dose of reality.

China Cancels America's Credit Card

Thu, 14 May 2009 03:47:16 +0100

The public didn't pay much attention to this comment by Congressman Mark Kirk last week, but they should have: "It would appear, quietly and with deference and politeness, that China has canceled America's credit card."

Our Kleptocracy: Saving the American economy by looting it

Tue, 05 May 2009 20:09:32 +0100

The banking industry is a classic case of the tail wagging the dog. The real problem happens when the tail has no regard for the welfare of the dog. We passed that point in the 1980's and only now we are seeing the effects of making that decision.

What to do with your Citigroup Stock

Wed, 01 Apr 2009 15:10:56 +0100

A friend of mine was recently discussing what you can do with Citigroup stock since it is priced a tad over a dollar. Well� not much it seems.

Black History: The March On Washington

Wed, 01 Apr 2009 15:10:54 +0100

Birth Of A Notion Disclaimer

Questions Congress Should Have Asked AIG CEO Edward Liddy

Wed, 01 Apr 2009 15:10:52 +0100

My rage from the AIG pompousness has boiled away enough to type. Congress, however, still has me all a temper.

Bobby Jindal - Science Fail

Fri, 27 Feb 2009 01:41:49 +0100

Bobby Jindal, the GOP governor of Louisiana delivered the Republican response for Obama�s Joint Session of Congress speech. You know it didn�t go well when Fox talking heads calls it lackluster.

Black History: The Freedom Rides

Thu, 05 Feb 2009 15:24:31 +0100

Civil Rights activists called Freedom Riders rode in interstate buses into the segregated southern United States to test the United States Supreme Court decision Boynton v. Virginia, (1960). The first Freedom Ride left Washington D.C. on May 4, 1961, and was scheduled to arrive in New Orleans on May 17.

Black History: The Greensboro Sit-Ins

Sat, 31 Jan 2009 15:05:48 +0100

The Greensboro sit-ins were an instrumental action in the African-American Civil Rights Movement, leading to increased national sentiment at a crucial period in American history.

A Scene From The West Wing Kitchen

Wed, 21 Jan 2009 19:22:06 +0100

For some reason, during Barack�s President Obama�s speech, I kept thinking what the kids go through in the Obama household. When Obama spoke about hard work, I thought, �I bet those kids NEVER get out of homework!� Which is a good thing. But still it asks the question, what kind of oratory is given when Barack wants someone to pass the slaw? It must be amazing.

Nigel Clough, Derby County Manager

Fri, 09 Jan 2009 15:35:02 +0100

So Nigel Clough has come into league management- at Derby County where his father made his name. After a decade at Burton, can he make his way in league management? Will he be a chip off the old block or will this move be seen in the future as a great failure? No-one can know now- but we are happy to speculate!

24 Hour Party People

Fri, 09 Jan 2009 15:04:00 +0100

The life of Tony Wilson was a fascinating one- a musical impresario who dominated Manchester in the years of Joy Division, New Order and the Happy Mondays he was an intriguing character. But was his life really filmable- 24 hour party people starring Steve Coogan attempted to be the film of his life- did it succeed? Read on...

Betting Against A False Premise

Thu, 08 Jan 2009 12:40:44 +0100

We have landed on a strange and wonderful watery planet - the third planet in orbit around the sun, a minor star in the Milky Way galaxy. Well, they say it is a watery planet. Where we are, it is icy. But the locals say it warms up and the ice melts. We�re suspicious; maybe it�s just hype to attract tourists.

The Shoe Thrown Around The World

Tue, 06 Jan 2009 01:17:34 +0100

I am kinda outraged at Chris Matthews today. Last night on Hardball, he lamented how Americans didn�t like it when their leaders were treated badly abroad and how he didn�t like Bush�s treatment in Baghdad yesterday. I am not lamenting, not one bit. I rejoiced. I would have liked it better if the Iraqi threw monkey poo at Bush.

LEAKED: Bush�s Xmas Wish List

Tue, 06 Jan 2009 01:17:32 +0100

I have this theory I think will hold up after Obama takes his oath next month. I think after Obama is in office and all the idiots are swept out of government (at least most of the Bush appointed idiots), there will be a tidal wave of �leaked memos� that will come from every part of government.

What is really going on in Gaza

Tue, 06 Jan 2009 01:17:31 +0100

As we all have, I have been watching the IDF assault on Gaza over the last few days. And from what I can tell, it is exactly like shooting fish in a barrel.

Just don�t drink the water!

Mon, 15 Dec 2008 23:30:09 +0100

You just gotta read �NASA Jubilant At Urine Solution.�

Pass Rahm The Scapel

Mon, 15 Dec 2008 23:30:08 +0100

Damn right it is gonna hurt. It will hurt so bad, your grandkids will bleed out of their eyes!

GM = Get Money

Mon, 15 Dec 2008 23:30:06 +0100

I find it odd that the �Big Three� can�t believe they are in trouble. They decry they can�t make money or grow with the way our trade policies are and because of competition.

The Classic Post-Bubble Bounce

Thu, 11 Dec 2008 00:37:32 +0100

"Asked what it was like to work on Wall Street, our contact at Goldman had a one-word reply: 'Armageddon.' Another contact at CitiGroup said the bank had become a 'zombie' - dead, but still alive."

LNG - The Energy Play for 2009

Thu, 11 Dec 2008 00:37:20 +0100

Liquefied Natural Gas. It is most commonly known as LNG. It has the potential to be one of Australia's major exports in the next twenty years.

Rational Advice for the Emotional Investor

Thu, 11 Dec 2008 00:37:17 +0100

Your investment state of mind has a lot to do with the security of your employment and your income. When people start to worry about having a job, they cut expenses. One of the first places that cut backs show up is retail spending.

Inflation Continuing to Wreak Havoc On Our Economy

Thu, 11 Dec 2008 00:37:15 +0100

If you want a real-world example of how inflation in consumer prices follows an increase in the money supply AND how an increase in anti-social, war-like behavior follows increases in prices, then a report from Bloomberg.com is just what you are looking for.

The Investment Community Has Dumped All Assets

Thu, 11 Dec 2008 00:37:08 +0100

Global financial markets are acting as though the world is about to implode. Over the past four months, the investment community has dumped all assets; regardless of their underlying economic fundamentals. We have seen unbelievable wealth destruction on a global scale and trillions of dollars have evaporated and returned to monetary heaven.

President Obama

Tue, 04 Nov 2008 18:27:10 +0100

Barack Obama is the 44th president of the United States

Marco Polo Goes West

Tue, 21 Oct 2008 06:11:25 +0100

You can't blame the king of Persia for printing up money no one could trust. His neighbors in China were doing the same, after all, and with the same inevitable consequences, too...

NYT Columnist Paul Krugman Wins Nobel Prize in Economics

Mon, 13 Oct 2008 13:31:18 +0100

Princeton professor and New York Times columnist Paul Krugman has been awarded the 2008 Nobel Prize for economics.

Pakistan facing bankruptcy

Tue, 07 Oct 2008 23:25:58 +0100

Pakistan's foreign exchange reserves are so low that the country can only afford one month of imports and faces possible bankruptcy.