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Vollständige Version anzeigen : Now this has to be scary.....not always


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lunar
18.06.2009, 13:54
http://www.spiegel.de/images/image-445-thumb-qxjw.jpg (http://www.spiegel.de/kultur/literatur/0,1518,631166,00.html)
INTELLEKTUELLER UND POLITIKER

Soziologe Ralf Dahrendorf gestorben (http://www.spiegel.de/kultur/literatur/0,1518,631166,00.html):(

Der deutsch-britische Denker und Politiker Lord Ralf Dahrendorf ist tot. Er war ein bedeutender Gesellschaftswissenschaftler der Gegenwart - jetzt starb er im Alter von 80 Jahren an einer schweren Krankheit. mehr... (http://www.spiegel.de/kultur/literatur/0,1518,631166,00.html)




http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFotostrecke: Stationen eines Vordenkers (http://www.spiegel.de/fotostrecke/fotostrecke-43544.html)

lunar
18.06.2009, 22:12
Iran Updates (VIDEO): Live-Blogging The Uprising (http://www.huffingtonpost.com/2009/06/13/iran-demonstrations-viole_n_215189.html)

First Posted: 06-13-09 09:31 AM | Updated: 06-18-09 03:58 PM

http://news.gooya.com/columnists/images/Ariya_melaat.jpg

lunar
19.06.2009, 16:15
FREITAGSPREDIGT

Ajatollah Chamenei ruft Ahmadinedschad zum Wahlsieger aus (http://www.spiegel.de/politik/ausland/0,1518,631350,00.html):(:rolleyes

http://www.spiegel.de/img/0,1020,1560982,00.jpg (http://www.spiegel.de/politik/ausland/0,1518,631350,00.html)


Irans geistlicher Führer widersetzt sich dem Druck der Straße: Ajatollah Chamenei verkündete beim ersten öffentlichen Auftritt seit der umstrittenen Wahl, Präsident Ahmadinedschad habe einen "klaren Sieg" errungen. Die Proteste der Mussawi-Anhänger müssten enden - und "Feinde und Zionisten" ihre Einmischung stoppen. mehr... (http://www.spiegel.de/politik/ausland/0,1518,631350,00.html) [ Video (http://www.spiegel.de/video/video-1008093.html) | Forum (http://forum.spiegel.de/showthread.php?t=7567) ]




http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifIran-Experte: "Ein Machtkampf, wie er noch nie da war" (http://www.spiegel.de/politik/ausland/0,1518,631324,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifOffener Brief an Ajatollah Chamenei: "Ihre Herrschaft ist vorbei" (http://www.spiegel.de/politik/ausland/0,1518,631232,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifProteste in Iran: Regimegegner trauern um ihre Toten (http://www.spiegel.de/politik/ausland/0,1518,631207,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifBBC in Iran: Programm gegen die Jubel-Perser (http://www.spiegel.de/kultur/gesellschaft/0,1518,631136,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifIran: Trauermarsch durch Teheran http://www.spiegel.de/static/sys/v8/icons/ic_spiegel_tv.gif (http://www.spiegel.de/video/video-1008093.html)

lunar
20.06.2009, 14:30
A DAY OF DESTINY FOR IRAN (http://www.huffingtonpost.com/2009/06/13/iran-demonstrations-viole_n_215189.html)
Mass Rallies Planned, Violent Crackdown Expected (http://www.huffingtonpost.com/2009/06/13/iran-demonstrations-viole_n_215189.html)

"I Will Participate In The Demonstrations... Maybe They Will Turn Violent.
Maybe I Will Be One Of The People Who Is Going To Get Killed..." (http://www.huffingtonpost.com/2009/06/13/iran-demonstrations-viole_n_215189.html)



pKUZuv6_bus&eurl

http://www.youtube.com/watch?v=pKUZuv6_bus&eurl=http%3A%2F%2Fwww.huffingtonpost.com%2F&feature=player_embedded

lunar
22.06.2009, 12:13
PROTEST GEGEN PRÄSIDENTENWAHL

Iran droht mit Ausweisung westlicher Diplomaten (http://www.spiegel.de/politik/ausland/0,1518,631719,00.html)

http://www.spiegel.de/img/0,1020,1562516,00.jpg (http://www.spiegel.de/politik/ausland/0,1518,631719,00.html)


Der Ton wird schärfer: Die Regierung in Iran wirft dem Westen vor, die "Randalierer" auf den Straßen der Hauptstadt Teheran aufzustacheln - und berät jetzt über die Ausweisung von Diplomaten. Oppositionsführer Mussawi hat seine Anhänger für diesen Montag zu neuen Demonstrationen aufgefordert. mehr... (http://www.spiegel.de/politik/ausland/0,1518,631719,00.html) [ Video (http://www.spiegel.de/video/video-1008497.html) | Forum (http://forum.spiegel.de/showthread.php?t=7605) ]



http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifMassenproteste: Irans Wächterrat stellt Wahlbetrügereien fest (http://www.spiegel.de/politik/ausland/0,1518,631678,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifTote Iran-Demonstrantin: Neda, die Ikone des Protests (http://www.spiegel.de/politik/ausland/0,1518,631670,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifWeltgeschichte des Protests: Twitter und der Eros der Freiheit (http://www.spiegel.de/kultur/gesellschaft/0,1518,631440,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifIran: Mussawi ruft zu weiteren Protesten auf http://www.spiegel.de/static/sys/v8/icons/ic_spiegel_tv.gif (http://www.spiegel.de/video/video-1008497.html)

lunar
25.06.2009, 18:10
Sucks to Your Asmar!

Posted by Jesse at 5:39 PM

lunar
26.06.2009, 11:27
MICHAEL JACKSON TOT

Monster und Genie (http://www.spiegel.de/panorama/leute/0,1518,632686,00.html)

http://www.spiegel.de/img/0,1020,1567589,00.jpg (http://www.spiegel.de/panorama/leute/0,1518,632686,00.html)REUTERS


Er war die größte Popsensation der vergangenen Jahrzehnte - und zum Ende ein Freak, die traurigste Figur des Showbiz. Michael Jackson, gestorben an einem Herzstillstand im Alter von 50 Jahren, hatte ein Leben wie kein anderer Megastar: immer zerrissen zwischen Traum und Tragik, Gut und Böse. Von Marc Pitzke, New York mehr... (http://www.spiegel.de/panorama/leute/0,1518,632686,00.html) [ Video (http://www.spiegel.de/video/video-1009282.html) | Forum (http://forum.spiegel.de/showthread.php?t=7672) ]




http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFotostrecke: Ein Leben wie ein (Alp-)Traum (http://www.spiegel.de/fotostrecke/fotostrecke-43777.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifChronik: Die tragische Karriere des Michael Jackson (http://www.spiegel.de/panorama/leute/0,1518,632672,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifVerstorbener King of Pop: Jacksons Tod bewegt und bremst das Netz (http://www.spiegel.de/netzwelt/web/0,1518,632695,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifVideo-Klassiker "Thriller": Wenn der Werwolf mit dem Zombie (http://einestages.spiegel.de/static/topicalbumbackground/1462/wenn_der_werwolf_mit_dem_zombie_tanzt.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gif"King of Pop": Trauer um Michael Jackson http://www.spiegel.de/static/sys/v8/icons/ic_spiegel_tv.gif (http://www.spiegel.de/video/video-1009282.html)

lunar
26.06.2009, 11:30
MICHAEL JACKSON DEAD (http://www.huffingtonpost.com/2009/06/25/michael-jackson-dies-_n_221104.html)

http://images.huffingtonpost.com/gen/88842/thumbs/r-JACKSON-large.jpg (http://www.huffingtonpost.com/2009/06/25/michael-jackson-dies-_n_221104.html)
HuffPost's Michael Jackson Big News Page (http://www.huffingtonpost.com/news/michael-jackson)




Quick Read (http://www.huffingtonpost.com/2009/06/25/michael-jackson-dies-_n_221104.html) |
Comments (2,459) (http://www.huffingtonpost.com/2009/06/25/michael-jackson-dies-_n_221104.html)
| Michael Jackson (http://www.huffingtonpost.com/news/michael-jackson)

lunar
26.06.2009, 11:38
http://www.spiegel.de/img/0,1020,1567145,00.jpg (http://www.spiegel.de/politik/ausland/0,1518,632489,00.html)
UNRUHEN IN IRAN

Revolte der Frauen (http://www.spiegel.de/politik/ausland/0,1518,632489,00.html)

Sie demonstrieren für einen Regimewechsel, sie attackieren schwerbewaffnete Polizisten - und sie werden brutal geschlagen. Iranerinnen stehen bei den Unruhen an vorderster Front. Ihr Einsatz beweist, dass das westliche Bild der Frau im Gottesstaat längst überholt ist. Von Annett Meiritz mehr... (http://www.spiegel.de/politik/ausland/0,1518,632489,00.html) [ Video (http://www.spiegel.de/video/video-1009122.html) | Forum (http://forum.spiegel.de/showthread.php?t=7657) ]

lunar
29.06.2009, 22:49
....ich wüsste noch ein paar Leute die ihn begleiten sollten :rolleyes:o

RUTH MADOFF BREAKS SILENCE (http://www.huffingtonpost.com/2009/06/29/ruth-madoff-statement-i-f_n_222491.html)
Victim: Bernie Should Be Sent To 'Mouth Of Satan' (http://www.huffingtonpost.com/2009/06/29/madoff-victims-speak-out_n_222368.html)

http://images.huffingtonpost.com/gen/89384/thumbs/r-RUTH-MADOFF-large.jpg (http://www.huffingtonpost.com/2009/06/29/madoff-sentencing-today_n_222110.html)
Madoff Gets 150 Years In Prison (http://www.huffingtonpost.com/2009/06/29/madoff-sentencing-today_n_222110.html)




Quick Read (http://www.huffingtonpost.com/2009/06/29/madoff-sentencing-today_n_222110.html) |
Comments (2,647) (http://www.huffingtonpost.com/2009/06/29/madoff-sentencing-today_n_222110.html)
| Bernard Madoff (http://www.huffingtonpost.com/news/bernard-madoff)

lunar
29.06.2009, 23:03
Philippines Prison's Michael Jackson Tribute (VIDEO) (http://www.huffingtonpost.com/2009/06/29/philippines-prisons-micha_n_222169.html)
Huffington Post | Nicholas Graham
First Posted: 06-29-09 08:43 AM | Updated: 06-29-09 09:16 AM

http://images.huffingtonpost.com/gen/89239/thumbs/s-PRISON-MICHAEL-JACKSON-TRIBTUE-large.jpg

More than 1,500 CPDRC inmates of the Cebu Provincial Detention and Rehabilitation Center in Cebu, Philippines, first gained international fame when the video of them re-enacting Michael Jackson's epic "Thriller" video stormed YouTube, getting over 20 million views. Now that their inspiration, the King of Pop, has passed away, the prisoners filmed a tribute to him (dated June 27th), a choreographed dance routine to Jackson songs "Ben" and "I'll Be There."

Watch the tribute dance below, and if you haven't seen their "Thriller" re-enactment, then be sure to watch it afterward (or before!). "Thriller" is the second video.

:confused:rolleyes

lunar
29.06.2009, 23:06
In Ur Congress, Tradin Ur Bank Stocks (http://lolfed.com/2009/06/29/in-ur-congress-tradin-ur-bank-stocks/)

June 29th, 2009 by alyx · all ur bankz (http://lolfed.com/category/all-ur-bankz/)

http://lolfed.com/wp-content/uploads/brown-waite-fail.jpg

Reader Robert S. sends me a link to the Cleveland Plain Dealer this morning, where they’ve parsed the trading records of the US House Financial Services Committee to find out that yes… these guys have been trading bank stocks (http://blog.cleveland.com/metro/2009/06/members_of_us_house_financial.html) at the same time they’re voting on bailouts. Some examples:
Anticipating bargains or profits or just trying to unload before the bottom fell out, these members of the House Financial Services Committee or brokers on their behalf were buying and selling stocks including Bank of America and Citigroup — some of the very corporations their committee would later rap for greed, a Plain Dealer examination of congressional stock market transactions shows.

For example, Rep. Ginny Brown-Waite, a Florida Republican, bought Citigroup stock valued between $1,001 and $15,000 on Oct. 2, the day before the House passed the financial rescue bill and President George W. Bush signed it into law, records show. She opposed the bill.

The stockbroker husband of West Virginia’s Shelley Moore Capito, a Republican, sold more than $100,000 in Citigroup stock in several transactions late last year. His brokerage firm was owned by Citigroup and his compensation included Citigroup stock. A Capito spokesman said the House Ethics Committee gave her verbal approval to join the committee despite her husband’s job.

Most attributed the trades to brokers or spouses, and all denied any conflict of interest. (And, these weren’t necessarily cash cows - Rep. Brown-Waite couldn’t have actually done very well on the trade she made. The members who dumped bank stocks assuredly did much better.) But, come on. If you’re on the Financial Services Committee - find another sector to trade in. It’s not like C and BAC are the only stocks out there. If they were, we’d all be hiding cash under our mattresses.

:mad

lunar
30.06.2009, 08:46
...unsere schöne Welt :(:rolleyes


FLUGZEUGUNGLÜCK VOR DEN KOMOREN

Airbus mit mehr als 150 Passagieren abgestürzt - erste Leichen gefunden (http://www.spiegel.de/panorama/0,1518,633325,00.html)

Es ist die zweite Flugzeugkatastrophe mit einem Airbus binnen eines Monats: Eine Passagiermaschine der Yemenia Air mit mehr als 150 Menschen an Bord ist in der Nacht im Indischen Ozean abgestürzt. Die Leichen mehrerer Passagiere wurden entdeckt, zu Überlebenden gibt es keine Angaben. mehr... (http://www.spiegel.de/panorama/0,1518,633325,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7713) ]




KLAGE GEGEN LISSABON-VERTRAG

Verfassungsrichter entscheiden über Europas Zukunft (http://www.spiegel.de/politik/deutschland/0,1518,633154,00.html)

Das Urteil könnte das Schicksal der EU auf viele Jahre prägen: Das Verfassungsgericht entscheidet an diesem Dienstag darüber, ob der Reformvertrag von Lissabon mit dem Grundgesetz vereinbar ist. SPIEGEL ONLINE beschreibt die möglichen Szenarien - und ihre Folgen. Von Annett Meiritz mehr... (http://www.spiegel.de/politik/deutschland/0,1518,633154,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7709) ]



ITALIEN

Viele Tote nach Tankwaggon-Explosion in Toskana (http://www.spiegel.de/panorama/0,1518,633330,00.html)

Der Bürgermeister spricht von "apokalyptischen Szenen": Die Explosion eines mit Flüssiggas gefüllten Tankwaggons hat mindestens 13 Menschen in der Stadt Viareggio das Leben gekostet, Dutzende wurden verletzt. mehr... (http://www.spiegel.de/panorama/0,1518,633330,00.html)


ETHIKBANKEN

Gute Geschäfte mit dem Gutmenschentum (http://www.spiegel.de/wirtschaft/0,1518,632799,00.html)

Für viele ist die Kreditkrise eine Katastrophe - für andere eine Chance: Die Ethikbank in Eisenberg wirtschaftet nach sozialen und ökologischen Regeln - und erlebt die besten Monate ihrer Geschichte. So viele Kunden kamen noch nie. Doch wie grün sind die Alternativ-Institute wirklich? Aus Eisenberg berichtet Anne Seith mehr... (http://www.spiegel.de/wirtschaft/0,1518,632799,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7711) ]


150 JAHRE FÜR MEGABETRÜGER MADOFF

"Möge Gott dir keine Gnade gewähren" (http://www.spiegel.de/wirtschaft/0,1518,633319,00.html)

Der größte Betrüger in der Geschichte der Wall Street ist zu 150 Jahren Haft verurteilt worden: Viele Opfer Bernard Madoffs nutzten das Verfahren, um vor Gericht ihre Leiden zu beschreiben und dem 71-Jährigen ihre Wut ins Gesicht zu schleudern. Es sind verstörende Schicksale. Von Marc Pitzke, New York mehr... (http://www.spiegel.de/wirtschaft/0,1518,633319,00.html) [ Video (http://www.spiegel.de/video/video-1009791.html) ]



http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFinanzdesaster: Milliardenbetrüger Madoff zu 150 Jahren Haft verurteilt (http://www.spiegel.de/wirtschaft/0,1518,633247,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifWall Street: 150 Jahre Haft für Madoff http://www.spiegel.de/static/sys/v8/icons/ic_spiegel_tv.gif (http://www.spiegel.de/video/video-1009791.html)



U21-FINALE GEGEN ENGLAND

Deutsche Jungstars erkämpfen EM-Titel (http://www.spiegel.de/sport/fussball/0,1518,633311,00.html)

Starke Vorstellung: Deutschland hat das Finale der U21-Europameisterschaft gegen England dominiert - und souverän gewonnen. In der Defensive ließ das Team von Trainer Horst Hrubesch nur wenige Chancen zu, vorne gelangen Mesut Özil und Co. gleich vier Treffer. mehr... (http://www.spiegel.de/sport/fussball/0,1518,633311,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7523) ]



http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFotostrecke: Castro cool, Khedira kompromisslos (http://www.spiegel.de/fotostrecke/fotostrecke-43884.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifEinzelkritik: Matchwinner Özil, Kämpfer Boateng (http://www.spiegel.de/sport/fussball/0,1518,633323,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifMinutenprotokoll: Die Höhepunkte des Finals zum Nachlesen (http://www.spiegel.de/sport/fussball/0,1518,558100,00.html#U21EM-888257-5)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifConfederations Cup: Das WM-Pröbchen (http://www.spiegel.de/sport/fussball/0,1518,633105,00.html)



75 JAHRE RÖHM-PUTSCH

Nazis gegen Nazis (http://einestages.spiegel.de/static/topicalbumbackground/4437/nazis_gegen_nazis.html)

Adolf Hitler persönlich stürmte am 30. Juni 1934 mit gezogener Pistole ins Schlafzimmer von Ernst Röhm. Wenig später war der SA-Chef tot. Die blutige Abrechnung unter Nazis vor 75 Jahren forderte mehrere Hundert Opfer - und wurde zum Durchbruch für den Aufstieg der SS. Von Ernst Piper mehr... (http://einestages.spiegel.de/static/topicalbumbackground/4437/nazis_gegen_nazis.html)



http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifBraune Wiesn: Als Hitler das Oktoberfest stahl (http://einestages.spiegel.de/static/topicalbumbackground/2828/wie_hitler_das_oktoberfest_stahl.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gif70 Jahre Neue Reichskanzlei: Hitlers Galerie des Größenwahns (http://einestages.spiegel.de/static/topicalbumbackground/3489/architektur_der_angst.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifNazis in Palästina: "Ganz nette Hitlergemeinde hier" (http://einestages.spiegel.de/static/topicalbumbackground/4111/_es_ist_schon_eine_ganz_nette_hitlergemeinde_hier.html)

lunar
30.06.2009, 09:10
...unsere schöne Welt :)

lunar
30.06.2009, 10:07
....leider immer aktuel :rolleyes

Goldman Sachs: “Engineering Every Major Market Manipulation Since The Great Depression” (http://greenlightadvisor.com/glablog/2009/06/26/goldman-sachs-engineering-every-major-market-manipulation-since-the-great-depression/)

June 26th, 2009 by GreenLight Advisor (http://www.greenlightadvisor.com/)Twitter It! (http://twitter.com/home?status=Reading%20%20%22Goldman%20Sachs%3A%20%22Engineering%20Every%20Major%20Market%20Manipulation%20Since%20The%20Great%20Depression%22%22%20http%3A%2F%2Fbit.ly%2F143AM0)


Matt Taibbi, the controversial Rolling Stone investigative columnist who has been stalking Goldman Sachs, et al, to unearth the deep dark secrets as well as the alchemists of the current credit crisis, boldly alleges that Goldman Sachs has been “engineering every major market manipulation since the Great Depression.” The article covers a lot of ground, and while it may be difficult to agree with all of it, there are some glaring and enlightening confirmations that a good deal of it is plausible. For certain, this Rolling Stone article will make for great weekend reading.Felix Salmon: (http://greenlightadvisor.com/glablog/goto/http://blogs.reuters.com/felix-salmon/2009/06/24/matt-taibbi-vs-goldman-sachs/) Matt Taibbi’s 12-page screed on Goldman Sachs has appeared on newsstands… Suffice to say that in the second sentence of the piece Taibbi describes Goldman as “a great vampire squid wrapped around the face of humanity”; later on, he calls it “the planet-eating Death Star of political influence”. He’s also a dab hand at the pen-portrait:Rubin was the prototypical Goldman banker. He was probably born in a $4,000 suit, he had a face that seemed permanently frozen just short of an apology for being so much smarter than you, and he exuded a Spock-like, emotion-neutral exterior; the only human feeling you could imagine him experiencing was a nighmare about being forced to fly coach.

Taibbi makes the case that it’s not just wheat futures (http://greenlightadvisor.com/glablog/goto/http://blogs.reuters.com/felix-salmon/2009/06/24/how-commodity-indices-broke-the-wheat-futures-market/) which have been overrun by index speculation, but commodities in general and oil in particular. Indeed, Taibbi puts Goldman, Zelig-like, at the center of no fewer than four speculative bubbles: one in the 1920s in which Goldman-controlled entities ended up losing an astonishing $475 billion in today’s dollars; the tech bubble; the housing bubble; and the oil-price bubble ending in 2008. He calls the US “a gangster state, running on gangster economics”, and is very explicit about exactly who he thinks the gangsters are. (Clue: they paid just $14 million in tax on $2 billion in 2008 profits.)

To full screen click the button in the top right hand corner. To print the article, click on the “more” menu at the top left.



http://www.scribd.com/doc/16763183/TaibbiGoldmanSachs - (▼ more --- > print)

lunar
30.06.2009, 10:09
FIREWORKS OVER BAGHDAD (http://www.huffingtonpost.com/2009/06/29/us-troops-to-withdraw-fro_n_222387.html)

http://images.huffingtonpost.com/gen/89477/thumbs/r-IRAQ-large.jpg (http://www.huffingtonpost.com/2009/06/29/us-troops-to-withdraw-fro_n_222387.html)
US Combat Troops Complete Iraq Withdrawal As Iraqis Celebrate "National Sovereignty Day" (http://www.huffingtonpost.com/2009/06/29/us-troops-to-withdraw-fro_n_222387.html)




Quick Read (http://www.huffingtonpost.com/2009/06/29/us-troops-to-withdraw-fro_n_222387.html) |
Comments (856) (http://www.huffingtonpost.com/2009/06/29/us-troops-to-withdraw-fro_n_222387.html)
| War Wire (http://www.huffingtonpost.com/news/warwire)

lunar
30.06.2009, 11:25
http://files.newsnetz.ch/dossier//boxpic/258.jpg (http://www.tagesanzeiger.ch/meinungen/dossier/kolumnen--kommentare/dossier.html)
Die Schmiergeldkultur der Banken

Von Rudolf Strahm. Aktualisiert um 06:32 Uhr 8
(http://www.tagesanzeiger.ch/meinungen/dossier/kolumnen--kommentare/Die-Schmiergeldkultur-der-Banken/story/31455767#kommentar)



http://files.newsnetz.ch/story/3/1/4/31455767/7/1.jpg Rudolf Strahm war vier Jahre lang Preisüberwacher.



www.rudolfstrahm.ch (http://www.rudolfstrahm.ch/)

Den Geschäftsleuten ist es klar, Bürgerinnen und Bürgern auch. In Bern gehen den Verantwortlichen mit der üblichen Verzögerung allmählich auch die Augen auf: Im Geschäftsleben herrschen zwei ganz unterschiedliche Kulturen, nämlich eine Garantiekultur in der Realwirtschaft und eine Täuschungskultur im Finanzmarkt.

In der Realwirtschaft sind die Geschäftsregeln streng geworden: Wenn ein verkaufter Artikel mangelhaft ist, wird er ausgetauscht oder als Garantieleistung repariert. Viele Anbieter haben die Garantiedauer von 1 auf 2 Jahre ausgedehnt und sichern dem Kunden eine mehrjährige Ersatzteilgarantie zu. Im Detailhandel ist eine transparente Deklaration der Herkunft, der Zusatzstoffe, der Ablauffristen vorgeschrieben. Wenn in den Gestellen von Migros oder Coop ein Paket Haferflocken mit Maden oder eine Packung mit zerquetschten Hörnli auftauchen, ist dies bereits ein Reputationsrisiko. Wenn ein Kunde reklamiert, wird ihm anstandslos Ersatz geleistet.

Wenn Maschinen exportiert werden, garantiert der Exporteur die Installation vor Ort. Wenn Schäden entstehen, übernimmt er die Haftung. Bei Pannen schickt er den Monteur ins Ausland. Der Wettbewerb zwingt ihn zur Kundenorientierung und zur Pflege seiner Reputation. Selbst Schmiergeldzahlungen stehen dank Transparency International immer stärker unter Beobachtung.

Die Finanzmärkte sind anders. Seit den Neunzigerjahren haben sie eine Täuschungskultur entwickelt, die darauf abzielt, die Risiken und die Haftung voll auf den Kunden zu überwälzen. Man analysiere einmal die Begriffe in der Banken- und Finanzszene: Die «innovativen Finanzinstrumente» haben keinen andern Zweck, als die Anleger zu täuschen. Die Grossbanken köderten die Kunden mit «Capital Return Funds», mit «Kapitalschutzprodukten» also, die versprachen, man würde schlimmstenfalls den Zins aber nie das Kapital verlieren. Jetzt wissen wir, dass solche Anlagen bei den inzwischen geschlossenen Fonds den Kunden und Pensionskassen Verluste von 30 bis 40 Prozent brachten. Oder man sprach von «Securitization» («Sichermachen», Verbriefen), aber der Kunde erhielt nicht mehr Sicherheit, sondern mehr Kursrisiken. Oder man editierte «innovative Produkte» mit dem klingenden Namen «Collateralized Debt Obligation», was übersetzt so viel wie «Verbund-Schuld-Obligation» heisst und eine Risikostreuung und eine höhere Sicherheit vortäuscht. Diese Obligationen waren mit Ramsch-Aktien unterlegt, deren Herkunft und Zusammensetzung verschleiert werden sollten. Die Liste der Verschleierungstricks liesse sich beliebig verlängern.

Die absolute Fehlentwicklung erleben wir bei den Kickbacks, Retrozessionen und Provisionen, welche die Anlageberater und die Vermögensverwalter von den Banken und Fonds heimlich erhalten. Kickbacks verführen zu höherem Risiko bei Vermögensanlagen, und der Anleger weiss oft nichts davon. Während im normalen Geschäftsleben Artikel 400 des Obligationenrechts gilt, wonach der Beauftragte jederzeit seine Einnahmen aus dem Mandat offenlegen und dem Kunden gutschreiben muss, werden bei den Banken und Vermögensverwaltern weiterhin Kickbacks ohne Offenlegung ausbezahlt. Die Finma hat mit ihrer Richtlinie vom Januar 2009 diese OR-Bestimmung ausgehebelt, indem sie gleich fünf Ausnahmemöglichkeiten einbaute.

Die gesamte Summe wird auf 5 Milliarden Franken pro Jahr geschätzt. Die Finma beziffert sie auf 3,5 Milliarden Franken, was auch so enorm hoch ist und jedenfalls alle auf dem Finanzplatz Schweiz gesamthaft bezahlten Boni an Kader und Manager übertrifft. Bei einem Test von 18 Banken in der Schweiz durch das Wirtschaftsmagazin «Bilanz» haben praktisch alle getesteten Banken die Transparenzanforderungen bezüglich der Kickbacks nicht erfüllt. Sechs Banken haben dem beauftragten Anlageprofi sogar eine Beteiligung oder die diskrete Teilung der Retrozessionen angeboten. (Der Schreibende ist Mitglied der Jury dieses Anlagetests.) Man kann solche Praktiken nicht anders als eine «Schmiergeld»-Kultur bezeichnen, abgesegnet von der Finanzmarktaufsicht, deren Präsident in seinem Verständnis von Geschäftskultur kein Unrechtsbewusstsein plagt. Für ihn sind solche Provisionen Dienstleistungsentgelte.

Manche Akteure möchten nach dem Ende der Finanzkrise möglichst rasch die «Reset»-Taste drücken und dorthin zurückkehren, wo man vor dem Absturz gestanden ist. Doch es darf kein «Reset» geben. Bei der Kickback-Praxis sind Regeln des Gesetzgebers nötig, da die in Bankinteressen befangene Finma nicht Ordnung ins Geschäftsleben zu bringen vermag. Es braucht mehr anonyme Bankentests, ähnlich wie die Warentests beim Detailhandel. Es braucht Spielregeln zu den Boni als Damm gegen die psychopathologischen Verirrungen in Gier und Macht. Und es braucht mehr Mut der Wirtschaftspresse, gegenüber der Finanzwelt jene Kundenkultur durchzusetzen, die in der Realwirtschaft gilt, nämlich Redlichkeit, Garantiepflicht und Realitätsbezug. Ohne die Berichterstattung dieser Zeitung über die Lehman-Anlageopfer und deren schnöde Behandlung hätte sich die CS nie zu einer Teilentschädigung der Geschädigten herabgelassen.

Markus Hutter, der neu gewählte FDP-Vizepräsident, ein Unternehmer aus der Realwirtschaft, hat vor drei Tagen in dieser Zeitung die Misere recht mutig offen beim Namen genannt: «Das Verhältnis zwischen Werk- und Finanzplatz stimmt nicht mehr, da braucht es Korrekturen.» Wir warten gerne auf die Korrekturen aus Bern. (Tages-Anzeiger)

Erstellt: 29.06.2009, 23:08 Uhr - http://www.tagesanzeiger.ch/meinungen/dossier/kolumnen--kommentare/Die-Schmiergeldkultur-der-Banken/story/31455767

...im DasGelbeForum gesehen :)

lunar
30.06.2009, 17:01
....leider immer aktuel :rolleyes

Goldman Sachs: “Engineering Every Major Market Manipulation Since The Great Depression” (http://greenlightadvisor.com/glablog/2009/06/26/goldman-sachs-engineering-every-major-market-manipulation-since-the-great-depression/)

June 26th, 2009 by GreenLight Advisor (http://www.greenlightadvisor.com/)Twitter It! (http://twitter.com/home?status=Reading%20%20%22Goldman%20Sachs%3A%20%22Engineering%20Every%20Major%20Market%20Manipulation%20Since%20The%20Great%20Depression%22%22%20http%3A%2F%2Fbit.ly%2F143AM0)

....................

http://www.scribd.com/doc/16763183/TaibbiGoldmanSachs - (▼ more --- > print)

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1246091#post1246091)
greenbeard (https://www.kitcomm.com/member.php?u=13314)
Member
Join Date: Oct 2008
Posts: 643

I don't think I can read anymore about GS crimes without getting ill.

Quote:
Originally Posted by Fresnel
Quite an article on Goldman Sachs in this month's Rolling Stone. How they've engineered/taken advantage of the past 5 bubbles, and the one to come. Worth the read.

******************************

.....ich werde wohl nie verstehen, warum diese :kotzGSler immer wieder durch die Maschen des Gesetzes fallen dürfen :gomad:bad

lunar
30.06.2009, 17:08
Top Ten Surprising Facts About Governor Mark Sanford


TM8sk-QbvEA&eurl

lunar
30.06.2009, 17:13
BERÜHMTE TÄNZERIN UND CHOREOGRAPHIN

Pina Bausch ist tot:( (http://www.spiegel.de/kultur/gesellschaft/0,1518,633505,00.html)

Sie zählte zu den ganz Großen in der internationalen Tanzszene und galt als herausragende Avantgardistin. Jetzt ist die Tänzerin und Choreographin Pina Bausch im Alter von 68 Jahren gestorben. mehr... (http://www.spiegel.de/kultur/gesellschaft/0,1518,633505,00.html)





http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifSPIEGEL WISSEN: Die Tänzerin und Choreografin Pina Bausch (http://wissen.spiegel.de/wissen/resultset.html?suchbegriff=pina+bausch&attr=wissen)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFotostrecke: Grande Dame des Tanztheaters (http://www.spiegel.de/fotostrecke/fotostrecke-43917.html)

lunar
30.06.2009, 17:22
THE QUEEN IS RUNNING OUT OF CASH

http://images.dailyexpress.co.uk/img/dynamic/1/285x214/110896_1.jpg


EXPENDITURE: The Queen costs us more

Tuesday June 30,2009

By Richard Palmer, Royal Correspondent


http://images.dailyexpress.co.uk/img/common/commentBubble.gif Have your say(2) (http://www.express.co.uk/comments/add/110896)


The Royals have cost taxpayers an extra 3.75 per cent in the pasthttp://images.intellitxt.com/ast/adTypes/mag-glass_10x10.gif (http://www.express.co.uk/posts/view/110896/The-Queen-is-running-out-of-cash#) year after the cost of the monarchy rose to £41.5million, the Palace said yesterday.

Sir Alan Reid, Keeper of the Privy Purse, put the cost at 69p for every Briton – a 3p increase on last year.

The real figure, however, is thought to be nearer £180million when security and policing are included....

full story: http://www.express.co.uk/posts/view/110896/The-Queen-is-running-out-of-cash

Palace officials spent £250,000 renovating Princess Beatrice apartment (http://www.inform.com/articles/111108081/?puburl=http%3a%2f%2fwww.telegraph.co.uk%2fnews%2fnewstopics%2ftheroyalfamily%2f5694425%2fPalace-officials-spent-250000-renovating-Princess-Beatrice-apartment.html)External (http://www.inform.com/articles/111108081/?puburl=http%3a%2f%2fwww.telegraph.co.uk%2fnews%2fnewstopics%2ftheroyalfamily%2f5694425%2fPalace-officials-spent-250000-renovating-Princess-Beatrice-apartment.html)Daily Telegraph, UK (http://www.inform.com/sources/Daily%20Telegraph,%20UK) +My News (http://www.inform.com/related_content/3228160,1#) 7 Hours Ago The four-bedroom apartment was previously occupied by a senior Royal official but was taken over by the Princess when she started her BA in History …

Queen wants double her income despite downturn (http://www.inform.com/articles/111096697/?puburl=http%3a%2f%2fwww.independent.ie%2fworld-news%2feurope%2fqueen-wants-double-her-income-despite-downturn-1797183.html)External (http://www.inform.com/articles/111096697/?puburl=http%3a%2f%2fwww.independent.ie%2fworld-news%2feurope%2fqueen-wants-double-her-income-despite-downturn-1797183.html)Independent, Ireland (http://www.inform.com/sources/Independent,%20Ireland) +My News (http://www.inform.com/related_content/3228160,1#) 12 Hours Ago QUEEN Elizabeth is expected to ask the British government to double the income she receives from the civil list after accounts published yesterday …

....vielleicht sollte die Dame mal in die eigenen prall gefüllte Schatullen greifen :rolleyes:mad

lunar
30.06.2009, 17:43
China

13-stöckiges Hochhaus in Shanghai umgekippt :rolleyes

(43) (http://www.welt.de/vermischtes/article4011743/13-stoeckiges-Hochhaus-in-Shanghai-umgekippt.html#article_comment) 27. Juni 2009, 14:22 Uhr
Auf einer Baustelle in Shanghai ist der Rohbau eines 13-stöckigen Wohnblocks einfach umgefallen. Nach Berichten amtlicher Medien kam dabei ein Bauarbeiter ums Leben. Das Gebäude selbst sei nahezu intakt geblieben. Die Behörden hätten Ermittlungen zur Klärung der Ursache für den ungewöhnlichen Vorfall aufgenommen.


http://www.welt.de/vermischtes/article4011743/13-stoeckiges-Hochhaus-in-Shanghai-umgekippt.html



...ohne Erdbeben einfach umkippen :eek:mad

lunar
30.06.2009, 21:28
30 June 2009

End of Quarter (http://jessescrossroadscafe.blogspot.com/2009/06/end-of-quarter.html)


http://3.bp.blogspot.com/_H2DePAZe2gA/SkooHo0opoI/AAAAAAAAJVA/HWFGl9QYwsc/s320/July4thTWO.jpg (http://3.bp.blogspot.com/_H2DePAZe2gA/SkooHo0opoI/AAAAAAAAJVA/HWFGl9QYwsc/s1600-h/July4thTWO.jpg)
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,

That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed.

But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security..."The US markets will be closed on Friday July 3 in holiday observance of the anniversary of the American Declaration of Independence from the rule of England.

The rest of the world will somehow manage to continue on as best as it can, and continue to consider its options to the US Dollar as the prime measure of international trade.

Posted by Jesse at 10:52 AM (http://jessescrossroadscafe.blogspot.com/2009/06/end-of-quarter.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1889085194082070239) :verbeug

lunar
30.06.2009, 22:06
Why Oil Prices Are Skyrocketing: Production Collapsing Faster Than Demand

Jay Yarow (http://www.businessinsider.com/jay-yarow)|Jun. 30, 2009, 11:43 AM|http://www.businessinsider.com/assets/images/icons/icon_comment_12x12.gif (http://www.businessinsider.com/iea-oil-report-2009-6#comments)14 (http://www.businessinsider.com/iea-oil-report-2009-6#comments)
Print (http://javascript%3Cb%3E%3C/b%3E:window.print%28%29)
Tags: Oil (http://www.businessinsider.com/oil), Economy (http://www.businessinsider.com/economy), Energy (http://www.businessinsider.com/energy), Commodities (http://www.businessinsider.com/commodities), Investing (http://www.businessinsider.com/investing), Recession (http://www.businessinsider.com/recession), China (http://www.businessinsider.com/china)
NaN/17


http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48ed4f796c7acf00e414f1&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/global-supply-and-demand-1) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48e5f0796c7acf00e40ab3&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/iea-cuts-demand-forecasts-2) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48e732796c7acf00e40b14&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/iea-also-cut-production-forecasts-3) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48f093796c7acf00e41613&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/iea-optimistically-concludes-that-prices-will-remain-stable-4) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48decd796c7acf00e4094f&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/emerging-nations-getting-thirsty-5) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48f2af4b5437580084580a&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/us-oil-demand-destruction-i-peak-gasoline-6) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48e46d796c7acf00e40a7c&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/us-demand-destruction-ii-jet-fuel-7) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48e03a796c7acf00e4099e&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/us-demand-destruction-iii-reduced-use-of-fuel-oil-8) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48e0f9796c7acf00e409bb&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/demand-destruction-iv-efficiency-9) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48e7b3796c7acf00e40b42&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/and-now-for-the-problems-declines-in-expected-production-growth-10) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48e645796c7acf00e40ac6&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/non-opec-production-old-forecast-vs-new-forecast-11) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48e8fe796c7acf00e40bed&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/meanwhile-opec-production-growth-is-down-too-12) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48eafe796c7acf00e4141a&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/production-in-some-countries-is-actually-decreasing-13) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48eb85796c7acf00e41453&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/iraq-production-forecasts-were-also-too-optimistic-14) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48df76796c7acf00e4096c&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/and-where-is-all-that-oil-going-mostly-transportation-15) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48edb2796c7acf00e41528&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/also-forget-the-idea-that-speculators-caused-the-price-spike-16) http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48ec10796c7acf00e4147c&maxX=62 (http://www.businessinsider.com/iea-oil-report-2009-6/but-the-weakness-of-the-dollar-is-contributing-to-the-recent-spike-17)



http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=4a48ed4f796c7acf00e414f1&maxX=418&maxY=295 (http://www.businessinsider.com/iea-oil-report-2009-6/global-supply-and-demand-1)

The International Energy Agency released its mid-year oil market report this week. It helps explain the recent behavior of oil prices.

First, demand is dropping, which is what caused the price collapse. Second, however, production is also collapsing--even faster than demand.

The other factor in the recent price increase, according to the IEA, is the weak dollar.

Here's a primer from the IEA on global supply/demand dynamics, as well as the key trends for the next few years. The bottom line? We may get a price reprieve until the end of the recession. But then look out.

START → (http://www.businessinsider.com/iea-oil-report-2009-6/global-supply-and-demand-1)

lunar
01.07.2009, 08:58
...das Ansehen der Schweiz im Dauersinkflug :( es freuen sich die Saubermänner :Prost

Eiskalte Dusche für die UBS und die Schweiz

Von Walter Niederberger.
Die US-Regierung sperrt sich gegen eine rasche Einigung mit der UBS. Sie peilt vielmehr einen Gerichtstermin an, um mehr Steuersünder zur Selbstanzeige zu bewegen.

Artikel zum Thema



Steueraffäre: US-Justiz sperrt sich gegen rasche Einigung mit UBS (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Steueraffaere-USJustiz-sperrt-sich-gegen-rasche-Einigung-mit-UBS/story/21217769)
Steuerstreit: UBS will, dass die US-Behörden Klartext reden (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Steuerstreit-UBS-will-dass-die-USBehoerden-Klartext-reden/story/15886886)
Die Absage der US-Regierung an die von der Bank erhoffte zügige Einigung kam nicht überraschend. Jede Lösung des Steuerstreits vor dem Gerichtstermin vom 13. Juli in Miami (Florida) galt unter den mit den Verhandlungen vertrauten Experten als unwahrscheinlich.

William Sharp, einer der führenden Anwälte, der eine Reihe von US-Bankkunden vertritt, erklärte dem «Tages-Anzeiger» gestern Abend, die Regierung Obama benütze den Streit mit der UBS als Modellfall, um in aller Öffentlichkeit zu zeigen, dass sie es bitterernst mit der Durchsetzung des US-Steuerrechts meine. Dieses unterstellt die Amerikaner weltweit dem eigenen Fiskus und macht auch keinen Unterschied zwischen Steuerbetrug und -hinterziehung.....

ganzer Artikel: http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Eiskalte-Dusche-fuer-die-UBS-und-die-Schweiz/story/12172928



(http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Eiskalte-Dusche-fuer-die-UBS-und-die-Schweiz/story/12172928)

lunar
01.07.2009, 09:08
Mit 110.000 Euro legal über die Grenze

Von Conny Neumann (Conny_Neumann@spiegel.de)

Eine neue Silbermünze aus Österreich ist der Geheimtipp bei deutschen Anlegern: Mit ihr lassen sich große Mengen Schwarzgeld über die Grenze schaffen - der Zoll muss tatenlos zusehen. Die Nachfrage boomt, die Prägeanstalt kommt mit der Herstellung kaum hinterher.




http://www.spiegel.de/wirtschaft/0,1518,633464,00.html


Zum Original-Beitrag (http://showthread.php3?p=1246314#post1246314)
.....Unbestritten nutzen viele Deutsche die diskreten Konten der österreichischen Geldhäuser (....doch nicht etwa Saubermänner :confused:rolleyes) Klar ist aber auch, dass das strikte Bankgeheimnis schon bald ein Ende haben wird. Noch behaupten die bayerischen Zollfahnder, das Phänomen gar nicht bemerkt zu haben. Doch in Österreich habe sich der Philharmoniker bereits "zum absoluten Renner" entwickelt, wie der Münzexperte Urban stolz erklärt, vor allem Deutsche griffen gern zu......
.....Das Bundesfinanzministerium reagiert mit dem Hinweis, die einfallsreichen Sparer sollten sich nicht zu sicher fühlen. Denn Zöllner könnten auch bei Münzen Verdacht hegen und diesen weiterleiten. Beschlagnahmen dürfen sie die Silberlinge bis zu 10.000 Euro Nennwert dennoch nicht.......

....die Oesterreicht sind eben etwas gewitzter als ihre Nachbarn ;)


....hmmmmm :schwitz

Zitat von cherry
nutz nur nix ...kommt die meldung ans zuständige FA .....und die Fahndung steht vor der Tür

Zum Original-Beitrag (http://showthread.php3?p=1246355#post1246355)
Germanasty: Richtig! Wenn ich Zöllner wäre würde ich nur fragen, womit haben Sie diese Silberlinge bezahlt? Das Geld hätte nämlich bei der Ausfuhr aus Deutschland deklariert werden müssen.
__________________

lunar
01.07.2009, 09:33
Lawyer With a Heart (http://goldtent.net/wp_gold/2009/07/01/lawyer-with-a-heart/)

-> Posted by GoldBalloon @ 2:00 am on July 1, 2009
One afternoon a lawyer was riding in his limousine when he saw two men along the roadside eating grass.

Disturbed, he ordered his driver to stop and he got out to investigate.

He asked one man, “Why are you eating grass?”

“We don’t have any money for food”, the poor
man replied. “We have to eat grass.”

“Well, then, you can come with me to my house and
I’ll feed you”, the lawyer said.

“But sir, I have a wife and two children with me. They are over there, under that tree.”

“Bring them along”, the lawyer replied.

Turning to the other poor man he stated, “You come with us, also.”

The second man, in a pitiful voice, then said, “But
sir, I also have a wife and SIX children with me!”

“Bring them all as well”, the lawyer answered

They all entered the car, which was no easy task, even for a car as large as the limousine was.

Once underway, one of the poor fellows turned to the lawyer
And said, “Sir, you are too kind.”

“Thank you for taking all of us with you.”

The lawyer replied, “Glad to do it.

You’ll really love my place.

The grass is almost a foot high” :rolleyes

lunar
01.07.2009, 09:44
ANSPRÜCHE TROTZ LEHMAN-PANNE

KfW muss Ex-Vorstand rund eine Million Euro zahlen (http://www.spiegel.de/wirtschaft/0,1518,633591,00.html)

Die Lehman-Überweisung hat der KfW den Titel "Deutschlands dümmste Bank" eingebracht - doch damit nicht genug: Der staatseigene Geldkonzern muss dem Vorstand, der wegen der Panne gehen musste, nun fast eine Million Euro zahlen. mehr... (http://www.spiegel.de/wirtschaft/0,1518,633591,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=5194) ]




:dumm was sagt denn Herr Steinbeisser dazu :kopf

lunar
01.07.2009, 17:54
A Horse-And-Buggy Run On The Bank (http://lolfed.com/2009/07/01/horse-and-buggy-run-on-the-bank/)

July 1st, 2009 by alyx · fail (http://lolfed.com/category/fail/)

http://lolfed.com/wp-content/uploads/amish-foreclosure.jpg

Try to think of a group in America you think would be LEAST likely to be affected by recession. You know, simple folk who farm the land, eschew gas-powered transportation, and are deeply religious. Kinda like… the Amish.

Nope, they’re hosed too. A few examples of conspicuous Amish consumption (http://online.wsj.com/article/SB124640811360577075.html#mod=rss_whats_news_us):
“People wanted bigger weddings, newer carriages,” Mr. Lehman says. “They were buying things they didn’t need.” Mr. Lehman spent several hundred dollars on a model-train and truck hobby, and about $4,000 on annual family vacations, he says. This year, there will be no vacation.

It became common practice for families to leave their carriages home and take taxis on shopping trips and to dinners out.

Some Amish families had bought second homes on the west coast of Florida and expensive Dutch Harness Horses, with their distinctive, prancing gait. Others lined their carriages in dark velvet and illuminated them with battery-powered LED lighting.

So they’re no longer living like it’s 1929, which was okay until they decided to take a page from that era and make a run on the bank:
Last fall, as layoffs drained income from the community, deposits into the trust fell to about $600,00 from between $1 million and $1.5 million a month, Mr. Bontrager says. In November, the trust suspended lending.
Over the winter, rumors began to circulate that the [Amish bank, the Tri-County Land Trust, not insured by the FDIC] was running out of money. The run, as Mr. Bontrager describes it, began in April. It lasted about six weeks. Mr. Bontrager says about 100 depositors made significant withdrawals, and some emptied their accounts. The $1 million reserve fund was wiped out. The trust hasn’t yet resumed lending.

This leaves the Amish in an area with nearly 18% unemployment and unable to take out loans to engage in any business endeavors. But hey - at least, unlike us city slickers, they have land to farm on and the know-how to do so. So Advantage: Amish, even if their bank is fail.

lunar
01.07.2009, 19:48
From Bill Bonner at the Daily Reckoning…boy, can this guy write. (http://goldtent.net/wp_gold/2009/07/01/from-bill-bonner-at-the-daily-reckoningboy-can-this-guy-write/)

-> Posted by silverboom @ 9:51 am on July 1, 2009
Let the punishment fit the crime!

Poor Bernie. The man has been ordered to spend 150 years in the hoosegow. What for? Who did he kill? A century and a half seems a little excessive for a financial crime. You could hold up three liquor stores and rape a whole convent and still not get 150 years. With a little bit of good lawyer-ing, a history of child abuse in the family, and good behavior in the big house, you’d be back on the street in 18 months.

But all the papers seem delighted. “Locked up for Life!” says one of today’s headlines. The judge “threw the book at him,” says another. His victims wanted him to get no mercy. The judge gave him none, imposing the maximum sentence. He is “extraordinarily evil,” said the man on the bench.

Justice has been done. Right?

Here in the building with the gold balls on the roof, we’re not so sure. We stand up for lost causes…die hards…and scalawags. Besides, we’re not convinced that Bernie is extraordinarily evil at all. He seems much more like an ordinary evil to us.

They say he defrauded investors out of $65 billion. The amount is unusual, but the crime is as common as income tax evasion. Who gets 150 years for evading income taxes? Heck, in civilized countries it’s not a crime at all – but a civil misdemeanor, subject to fine and retribution, not punishment.

But didn’t he lie to investors? Well, yes…he exaggerated the returns investors were likely to get from his fund. But if you put every fellow on Wall Street who does that in jail, you wouldn’t have any room for stick-up men and wife beaters.

Isn’t he the biggest financial scammer of all time? Well…he’s the title-holder now. But he has a lot of competition close on his heels. Bernie’s crime was taking money from people under false pretenses…and then being unable to give it back to them. How is that different from the financing activities of the US government?

This year alone, the feds will borrow 50 times as much money as Bernie managed to take in during his whole 20-year career. They can only pay it back by borrowing even more money from more lenders. This is not very different from the typical “Ponzi” scheme, except that it’s the government doing it. Eventually, the suckers are going to lose a lot of money.

And when you balance Bernie’s sins against his virtues, we’re not sure the man doesn’t come out at least as well as many of his accusers. While Bernie was pretending to make his investors rich, the SEC was pretending to protect them from Bernie. In fact, neither were really doing what they claimed. Which is to say, both are guilty of ordinary evil.

As we pointed out yesterday, nothing is as dangerous as good luck. Madoff was not extraordinarily evil; he was just extraordinarily lucky. He was plying his trade when the feds were pumping up the biggest financial bubble in history. No wonder so much hot gas came his way. His luck ran out when the bubble popped. And now a court has found him guilty of fraud and a judge has ordered him locked up for a period equal to roughly the time between the end of the US War Between the States and the resignation of Richard Nixon.

While Bernie is behind bars, the SEC and FED officials are still at large. Both are clearly guilty of dereliction and negligence.

But, what is the point of keeping Madoff in prison? He represents no threat. Rather than pay $30,000 per year to keep him locked up, we suggest that he be forced to do community service work. He should be pressed into service as the next head of the Federal Reserve after Ben Bernanke’s term expires in December. With Madoff in the big office, there would be no longer any illusions about what sort of bank the Fed is running.

Illusions are aplenty. In the popular mind, the slump of ‘07-’09 is coming to an end by Christmas. Practically everyone says so – including Ben Bernanke himself. All the bailouts and stimuli are paying off, they think. Soon, it will be business as usual.

Yesterday, the Dow rose 90 points. Oil rose a bit too – to $71. The 10-year T-note rose too…with a yield falling below 3.5%. And gold held steady at $940. If the markets know what happens next, they’re keeping mum.

But this morning comes news that the Dow is off more than 100 points on news of a consumer confidence pullback. Apparently consumers are getting concerned about the jobs situation and the supposed ‘economic recovery.’

We have already told you, dear reader, why we do not expect business as usual ever again in our lifetimes. From WWII to 2007, the world economy had a single important driver – the US consumer. At the beginning of that period, he consumed because he earned. By the end of it, he earned because he consumed. That is, the more he was willing to borrow and spend, the more the whole world economy seemed to bubble up.

But now, that era is over. As Jeff Immelt, head of GE says, “You’re going to have a world where the US consumer won’t be the main driver.”

Clearly, the US consumer no longer has the positive effect they once did on the US economy…and it’s only going to get worse from here.

“Where was the SEC?” asked a sign outside of the courtroom where Bernie Madoff was sentenced.

Good question. And guess what. We have the answer. While Madoff was taking in his billions…and the biggest financial bubble was preparing to explode…the SEC was asking questions – of your editor!

Yes, dear…dear reader. All over the world, responsible authorities are demanding a more muscled approach to financial regulation. “Bernie Madoff’s life sentence should galvanize regulators everywhere,” says today’s TIMES of London editorial, speaking for the majority.

But it was not muscle that kept the SEC off Madoff’s case. At the very moment when a freelance informant was tipping off the SEC about Madoff…the agency’s goons were beating up innocent victims…and grilling innocent publishers:

The New York Times reports:

“The Boston office of the Securities and Exchange Commission began the investigation around 2001. Three years later, formal charges were brought against Mr. [Richard] Kwak and seven others. By the time the case went to trial, in 2007, only three defendants were left; the others had settled with the S.E.C.

“In that 2007 trial, Mr. Kwak and another defendant, Stephen J. Wilson, were cleared of one charge, with a hung jury on the remaining charges. (The third defendant, who foolishly acted as his own lawyer, was found liable and fined $10,000.)

“The S.E.C. retried Mr. Wilson in 2008. He was cleared. Finally, in March 2009, the S.E.C. retried Mr. Kwak, with the same result. The jury took less than four hours to exonerate him.

“Mr. Kwak’s life is now in tatters. He is around $1 million in debt and suffers from emotional problems. He has struggled to stay out of bankruptcy. Although he is still a broker – he certainly can’t afford to retire – he long ago lost his job with Morgan Stanley, where he had spent several decades without so much as a hint of impropriety. Needless to say, his business is a small fraction of what it once was.

“‘It pretty well wiped me out,’ he said a few days ago. He is extremely bitter.”

The story of our own brush with the SEC will have to wait for another day. It is still subject to a gag order imposed by our own lawyers. The case is still undecided – four years later. We can’t tell the whole story yet…but we can pass along the moral of it now: anyone who believes government regulators will stop investors from losing money to fraudsters is dreaming…

Stay tuned.

lunar
01.07.2009, 22:40
China Requests Debate on Reserve Currency at G14 Summit (http://jessescrossroadscafe.blogspot.com/2009/07/china-requests-debate-on-reserve.html)


China is proposing a new reserve currency regime less dependent on the dollar, along with other BRIC countries, and the US and its financial allies in the status quo will resist change because it is in their short term interest to do so.

China can take 'pre-emptive' action by diversifying its holdings ahead of any change, and there are some indications that it is doing so already. But while the dollar is the prime medium of international trade, China must buy dollars to support its mercantilist industrial policy. Its own alternative is to boost its domestic consumption and 'grow a middle class' which in some minds erodes the power of the narrow political elite which rules the country.

The US needs to stand firm in some areas, and acquiesce in others. Standing firm with regard to the yuan being free of a peg and currency controls is one area that ought to have been sine qua non when first Clinton and then Bush gave China its openings as a preferred trading partner even while maintaining de facto industrial subsidies through its currency and markets.

The first line of negotiation will be to agree on a dollar substitute, which will probably be the SDR. The US will resist and delay this as long as is possible.

The fallback position then will be the composition of the SDR, and a long phasing of the change in the primacy of the dollar and a few G7 currencies. China will seek more diversity and the inclusion of gold and silver, which is anathema to the Wall Street banking cartel.

The US must change or face more seismic, involuntary dislocations. As Britain surrendered its far flung colonial Empire, so the US must downsize its financial sector, restore balance to its own economy and its place in the world economy, and relinquish the primary reserve currency status which has become a powerful instrument of manipulation by the Wall Street banking cartel.

The dollar is the last, the mother of bubbles. Few understand this even now.

The epic US credit expansion was enabled by the preferred position of US debt instruments as the reserve currency of the world. The bond and the dollar are the absolute foundation of that debt pyramid.

Those days are undeniably over. What comes next and in what order and timing remains open to question for sure, but that substantial change is occurring is not.

The difficulty is that the financial institutions are a powerful influence over many key politicians in Washington and London and thought leaders and media outlets around the country, and in some parts of the world.

The military-industrial complex of which Eisenhower warned has become a real impediment to freedom in the US, but ironically it is not the manufacturing sector but the service, or FIRE sector, which has its grip on US political decision-making.

Obama could have changed this and there was hope that he would, but all that he has does so far appears to demonstrate that he and his advisors are fully compromised by the potent financial interests controlling their country.

What comes next, no one can say. But change is in the wind, and with that change comes the rise and fall of powerful but all too human institutions which many still believe can last for a thousand years, even as they are on the brink of der untergang, their downfall.

Reuters (http://www.reuters.com/article/usDollarRpt/idUSLAG00356720090701)
China requests reserve currency debate at G8
Wed Jul 1, 2009 11:58am EDT

July 1 (Reuters) - China has asked to debate proposals for a new global reserve currency at next week's Group of Eight summit in Italy and the issue could be referred to briefly in the summit statement, G8 sources said on Wednesday.

One G8 source who was involved in the negotiations said China made the request during preparatory talks about a joint statement to be issued on the second day of the summit in L'Aquila by the G8 plus the G5 (Brazil, India, China, Mexico and South Africa) and also Egypt.

This forum, the so-called "G14", meets on July 9 to discuss the financial crisis, trade and climate change and for the first time a G8 summit will also produce a joint G14 statement.

A European source with knowledge of preparations for the summit also said China had raised the subject of a reserve currency debate and that it might be mentioned during the meeting, though the source added: "Any country at the meeting can raise issues they see fit." (China is not just 'any country' these days - Jesse)

"But whether there is a specific mention in the communique remains open," said the European source, adding that sherpas would discuss this further in preparatory talks on Friday.

The debate centres on proposals by some emerging powers that an alternative should be found to the U.S. dollar as the global reserve currency, to reflect the shifting balance of power in the globalised economy.

China's central bank governor said in March the world should consider using the International Monetary Fund's Special Drawing Rights (SDRs) as a super-sovereign currency. The SDR is an international reserve asset allocated to IMF members and its exchange rate is determined by a basket of dollars, euros, sterling and yen. (China also wishes to modify its composition - Jesse)

But the Chinese proposal failed to gain ground after several world leaders, and officials from the IMF, backed the dollar as the global reserve currency. (Reporting by Reuters bureaux)



Posted by Jesse at 1:32 PM (http://jessescrossroadscafe.blogspot.com/2009/07/china-requests-debate-on-reserve.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=8868892759266138233) :verbeug

lunar
01.07.2009, 22:44
01 July 2009

Hasta La Vista Baby (http://jessescrossroadscafe.blogspot.com/2009/07/hasta-la-vista-baby.html)

http://3.bp.blogspot.com/_H2DePAZe2gA/Sku8Mxz-KaI/AAAAAAAAJVQ/8_qnhKVsWbY/s200/Schwarzenegger-Announcing-V.jpg (http://3.bp.blogspot.com/_H2DePAZe2gA/Sku8Mxz-KaI/AAAAAAAAJVQ/8_qnhKVsWbY/s1600-h/Schwarzenegger-Announcing-V.jpg) Here's a green shoot for you to chew on...

This merited a thirty second mention on Bloomberg Television with an immediate resumption of rally jubilation and feel good news. And on the personal interest side, poor Karl Malden has died at age 91.

I wonder if there are credit default swaps on California? Woo hoo. Bring on those records bonuses for the boys in the back room.

Bloomberg Wire.... Governor Arnold Schwarzenegger declares "a state of emergency" for the State of California in its budget crisis.As of 2007, the gross state product (GSP) is about $1.812 trillion, the largest in the United States. California is responsible for 13 percent of the United States gross domestic product (GDP). As of 2006, California's GDP is larger than all but eight countries in the world. Posted by Jesse at 3:18 PM (http://jessescrossroadscafe.blogspot.com/2009/07/hasta-la-vista-baby.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=8872314264357264860) :verbeug


Schwarzenegger Declares Fiscal Emergency In California (http://www.huffingtonpost.com/2009/07/01/schwarzenegger-declares-f_n_224244.html)

http://images.huffingtonpost.com/gen/89119/thumbs/s-SCHWARZENEGGER-large.jpg (http://www.huffingtonpost.com/2009/07/01/schwarzenegger-declares-f_n_224244.html)
Multiple States On Verge Of Collapse (http://www.huffingtonpost.com/2009/07/01/california-misses-deadlin_n_223684.html)




Quick Read (http://www.huffingtonpost.com/2009/07/01/schwarzenegger-declares-f_n_224244.html) |
Comments (37) (http://www.huffingtonpost.com/2009/07/01/schwarzenegger-declares-f_n_224244.html)

lunar
02.07.2009, 08:57
01 July 2009

The Banking Bubble Began in 1986, Was Like 'the South Sea Bubble' Says Bank of England Official (http://jessescrossroadscafe.blogspot.com/2009/07/in-retrospect-it-becomes-increasingly.html)


In retrospect it should become increasingly clear to most that the Federal Reserve and its associated money center banks were responsible for systematically undermining all regulatory restraint and sound judgement for the sake of their private profits, without regard to the resultant destruction visited upon the public and the larger global economy.

To suggest that the regulatory process should now be concentrated in the hands of the Federal Reserve, still opaque and arrogant, is disgraceful and disqualifies the public officials from service who promote such a travesty of common sense and prudence.

Guardian (http://www.guardian.co.uk/business/2009/jul/01/bank-england-south-sea-bubble)
Banking system like South Sea bubble, says senior Bank of England official
by Ashley Seager
1 July 2009 13.26 BST

'Banking became the goose laying the golden eggs. There is no period in recent UK financial history which bears comparison,' says executive director for financial stability, Andy Haldane

A senior Bank of England official today compared the banking system over the last 20 years to the South Sea bubble of the early 18th century and said bankers had merely "resorted to the roulette wheel" to keep up with each other.

The Bank's executive director for financial stability, Andy Haldane, said in a speech in Chicago that having been stable over much of the 20th century, returns in the banking system relative to the wider stockmarket shot up after 1986 until 2006.

"Banking became the goose laying the golden eggs. There is no period in recent UK financial history which bears comparison," he said.

http://1.bp.blogspot.com/_H2DePAZe2gA/SkwBVTkxGbI/AAAAAAAAJVY/fAFhgwBgVD4/s400/Returns-on-banking-shares-001.jpg (http://1.bp.blogspot.com/_H2DePAZe2gA/SkwBVTkxGbI/AAAAAAAAJVY/fAFhgwBgVD4/s1600-h/Returns-on-banking-shares-001.jpg)He said bankers and policymakers became seduced by the excess returns available: "Banks appeared to have discovered a money machine, albeit one whose workings were sometimes impossible to understand.

"One of the South Sea stocks was memorably 'a company for carrying out an undertaking of great advantage, but nobody to know what it is'. Banking became the 21st-century equivalent."

He said banking returns over the period were magnified by leverage as banks borrowed excessively, he said.

During the golden era, competition simultaneously drove down returns on assets and drove up target returns on equity. Caught in this crossfire, higher leverage became banks' only means of keeping up with the Jones's. Management resorted to the roulette wheel."

http://1.bp.blogspot.com/_H2DePAZe2gA/SkwNXjvslOI/AAAAAAAAJVo/VaHbqHKOQCE/s320/Greenie1.JPG (http://1.bp.blogspot.com/_H2DePAZe2gA/SkwNXjvslOI/AAAAAAAAJVo/VaHbqHKOQCE/s1600-h/Greenie1.JPG)He noted that the 80% slump in bank shares since the credit crunch hit meant that returns from the sector were now back in line with their longer-run average (see graphic above). The market capitalisation of global banks has fallen by $3tn (£1.8bn) since the crisis began, he said.

"We should aspire to a financial system where there is greater market and regulatory scrutiny of future such money machines. In achieving this, there is a role for some body – a systemic overseer – which is able to detect incipient bubbles and fads and, as importantly, act to correct them. This role is about removing the punchbowl from future financial sector parties." (We had a group that were responsible for doing this. They were called The Federal Reserve under Alan Greenspan. And Greenspan became the whoremaster of ceremonies for perversion of finance in the bubble economy. - Jesse)

He said that in future there would have to be a greater distinction between management skill, which improves return on assets, and luck, when return on equity can be magnified by leverage.

"Good luck and good management need to be better distinguished. Put differently, returns to investors and managers need to be more accurately risk-adjusted if the right balance between risk and return is to be struck for individual firms and for the financial system as a whole."

A second lesson, he added, was that there would have to be much stricter system-wide limits on leverage, particularly among big banks whose stability is crucial to the whole financial system. (Perhaps some prohibition of the types of activity that banks can engage in like Glass - Steagall? Oh yes, we had that as well and the banks repealed it with the help of the Federal Reserve. Perhaps we should have regulatory reform and place all the oversight responsibility with one group. Like the Federal Reserve? - Jesse)

"For a number of diseases, 20% of the population account for around 80% of the disease spread. The present financial epidemic has broadly mirrored those dynamics," he said, adding that the failure of a core set of large, interconnected institutions such as Fannie Mae, Freddie Mac, Bear Stearns, Lehman Brothers and AIG contributed disproportionately to the spread of financial panic. (In this case there are a few Typhoid Mary's with names like JP Morgan and Goldman Sachs and Morgan Stanley, and they are still hard at work - Jesse)

"Epidemiology provides a second key lesson for financial policymakers – the importance of targeted vaccination of these 'super-spreaders' of financial contagion. Historically, financial regulation has tended not to heed that message." (Vaccination is one approach. Wall Street and the City of London really need a dilation & curretage - Jesse)

He welcomed a recent move by US authorities to bring the trading of credit derivatives, which were at the heart of the crisis, on to exchanges so they could be better understood and controlled. "This is a bold measure and one which deserves international support."

Haldane's speech was part of a growing debate among global policymakers to try to build a better system of regulation and control of the financial system to prevent such crises as the current one from occurring again.






Posted by Jesse at 8:30 PM (http://jessescrossroadscafe.blogspot.com/2009/07/in-retrospect-it-becomes-increasingly.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=281304846199393211) :verbeug

lunar
02.07.2009, 09:09
oodat (https://www.kitcomm.com/member.php?u=3640)
Member
Join Date: May 2007
Posts: 49
Quote:
Originally Posted by slim1
On Oct. 20, 2005, Gonzalez says he was driving south on U.S. Highway 281 from Austin to Brownsville to look at a car and buy a gravestone for his dying aunt. Gonzalez, who owns a car lot, was carrying $10,032 in a briefcase.

....."He suspected we were using the money to go south and buy drugs," he says.

The deputies handed Gonzalez a waiver: If he signed over the money and did not claim the currency, he could walk away free. If he did not sign the waiver, he would be arrested for money-laundering. Gonzalez signed the waiver and gave up rights to his money.

"So at that time we got in our car and we left, still trying to figure out what just happened. We got officers that took our cash. We got officers that told us we can't get an attorney. So I'm thinking, are these guys officers of law? Did I just get robbed of my money?"

http://www.npr.org/templates/story/s...oryId=91555835 (http://www.npr.org/templates/story/story.php?storyId=91555835)

I'd suggest there is a lot more to this story....https://www.kitcomm.com/images/smilies/wink.gif


:dumm ...nicht zu fassen - das Land der unbegrenzten Möglichkeiten :bad

lunar
02.07.2009, 09:11
Calif.= worth more dead than alive (http://goldtent.net/wp_gold/2009/07/02/calif-worth-more-dead-than-alive/)

-> Posted by Maya @ 0:13 am on July 2, 2009
George Ure (http://urbansurvival.com/week.htm) had an interesting piece for his subscribers this week. In summary, the banksters are ‘encouraging’ their political hacks to avoid any kind of agreements on Calif. debt and let them go into default.

Why would they do that? To collect on the ‘insurance’… err… CDOs… credit default swaps. Those derivative bets that were placed for ‘insurance’ on the debt default by parties that have NO or LITTLE skin in the game… unregulated.

It’s like me taking out massive insurance on YOUR car. (Maybe I could claim I bought you a bumper… so I’m a bondholder… or not). Then I go out and pour oil on a dangerous mountain curve that you’re driving toward, and I wait for you to go over the cliff so I can collect 1000 times my financial interest by collecting on the insurance I placed on you.

THAT is what the banksters are doing to Calif…. marching it toward the wall for execution, so they can collect (hopefully) on massive CDO ‘insurance’.

There may not be enough money in the world to pay off this ponzi scheme. And CDOs are unregulated.




:rolleyes:mad

lunar
02.07.2009, 10:57
Wednesday, 1 July 2009 11:41 UK
Ant mega-colony takes over world

Matt Walker
Editor, Earth News
http://newsimg.bbc.co.uk/shared/img/cccccc.gif


A single mega-colony of ants has colonised much of the world, scientists have discovered.

Argentine ants living in vast numbers across Europe, the US and Japan belong to the same interrelated colony, and will refuse to fight one another.

The colony may be the largest of its type ever known for any insect species, and could rival humans in the scale of its world domination.

What's more, people are unwittingly helping the mega-colony stick together.

Argentine ants (Linepithema humile) were once native to South America. But people have unintentionally introduced the ants to all continents except Antarctica.

These introduced Argentine ants are renowned for forming large colonies, and for becoming a significant pest, attacking native animals and crops.

In Europe, one vast colony of Argentine ants is thought to stretch for 6,000km (3,700 miles) along the Mediterranean coast, while another in the US, known as the 'Californian large', extends over 900km (560 miles) along the coast of California. A third huge colony exists on the west coast of Japan.

http://newsimg.bbc.co.uk/shared/img/o.gif http://newsimg.bbc.co.uk/earthnews/img/start_quote.gif The enormous extent of this population is paralleled only by human society http://newsimg.bbc.co.uk/earthnews/img/end_quote.gif


Entomologists reveal the ant colony's true size

While ants are usually highly territorial, those living within each super-colony are tolerant of one another, even if they live tens or hundreds of kilometres apart. Each super-colony, however, was thought to be quite distinct.

But it now appears that billions of Argentine ants around the world all actually belong to one single global mega-colony.

Researchers in Japan and Spain led by Eiriki Sunamura of the University of Tokyo found that Argentine ants living in Europe, Japan and California shared a strikingly similar chemical profile of hydrocarbons on their cuticles.

But further experiments revealed the true extent of the insects' global ambition.

The team selected wild ants from the main European super-colony, from another smaller one called the Catalonian super-colony which lives on the Iberian coast, the Californian super-colony and from the super-colony in west Japan, as well as another in Kobe, Japan.

They then matched up the ants in a series of one-on-one tests to see how aggressive individuals from different colonies would be to one another.

Ants from the smaller super-colonies were always aggressive to one another. So ants from the west coast of Japan fought their rivals from Kobe, while ants from the European super-colony didn't get on with those from the Iberian colony.

One big family

But whenever ants from the main European and Californian super-colonies and those from the largest colony in Japan came into contact, they acted as if they were old friends.

These ants rubbed antennae with one another and never became aggressive or tried to avoid one another.

In short, they acted as if they all belonged to the same colony, despite living on different continents separated by vast oceans.

The most plausible explanation is that ants from these three super-colonies are indeed family, and are all genetically related, say the researchers. When they come into contact, they recognise each other by the chemical composition of their cuticles.

"The enormous extent of this population is paralleled only by human society," the researchers write in the journal Insect Sociaux, in which they report their findings.

However, the irony is that it is us who likely created the ant mega-colony by initially transporting the insects around the world, and by continually introducing ants from the three continents to each other, ensuring the mega-colony continues to mingle.

"Humans created this great non-aggressive ant population," the researchers write.

lunar
02.07.2009, 22:13
China Takes A Big Step Forward in Monetary Policy (http://jessescrossroadscafe.blogspot.com/2009/07/china-takes-big-step-forward-in.html)


This news was largely overlooked by the worse than expected US payrolls report, which dampened hopes of a quick economic recovery, a sentiment encouraged by some but certainly not realistic to anyone looking closely at the numbers. I think that little propaganda sound byte served primarily to apply some primer for the end of quarter paint job in US equities.

Despite its strength today as stocks fall and the boys cash in after their most recent pump operation, the dollar is going to be taken down a peg, so to speak. It is a long term trend that is still well in place despite this bear market rally.

How much further? The DX index is increasingly unsatisfying as a measure, and the manipulation of the gold and silver price by a handful of banks who are unbelievably short the metals on paper renders them less reliable.

But another 20% decline from here is where our charts would indicate the dollar is headed overall against the DX.

China Allows Yuan Trade Settlement, Offers Tax Breaks
By Bob Chen and David Yong
July 2, 2009 09:44 EDT

July 2 (Bloomberg) -- China will allow companies to use the yuan to settle cross-border trade and let them keep their entitlement to export tax rebates, seeking to reduce the reliance of importers and exporters on the U.S. dollar.

The People’s Bank of China will encourage banks to offer yuan settlement services from today, the bank said in the regulations published on its Web site. Transactions inside China will take place in Shanghai and four cities in southern Guangdong province, including Guangzhou and Shenzhen, while those outside China will occur in Hong Kong, Macau and the Association of Southeast Asian Nations, it said.

“It’s China’s first step to make the yuan global,” said Shi Lei, an analyst in Beijing at Bank of China Ltd., the nation’s largest foreign-currency trader. “It will protect exporters from swings in exchange rates and boost the yuan’s role in the world currency system.”

China is promoting greater use of the yuan in international trade and finance after Premier Wen Jiabao in March expressed concern that a weakening dollar will cause losses on the country’s holdings of U.S. assets. A Chinese Foreign Ministry official said today he hoped the U.S. currency would remain stable, while reiterating a call for diversification of the international monetary system.

“Companies in China and neighboring countries are facing relatively huge risks of exchange-rate fluctuations because of big swings in the U.S. dollar, the euro and other major settlement currencies,” today’s central bank statement said.

First Settlement

Asean comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Hong Kong Monetary Authority Chief Executive Joseph Yam said on June 29 he hopes the first yuan settlement transactions will start this month after signing an agreement with People’s Bank Governor Zhou Xiaochuan. Companies currently have to convert yuan into dollars or other currencies to settle international trade.

“Hong Kong will be the natural place for arranging these transactions,” Yam said in a statement today. “This is the key to the maintenance of the status of Hong Kong as an international finance centre.”

Tax authorities are working on the proposed rebates for exports settled in yuan, the central bank said. Bank of China Ltd. will be the clearing bank in Hong Kong and Macau.

Stability, Convenience

About 50 percent of Hong Kong’s trade with China may be settled in yuan after the program starts, Stanley Wong, deputy general manager at Industrial & Commercial Bank of China (Asia) Ltd., the Hong Kong unit of China’s biggest bank, said in an interview on May 5. Hong Kong companies want to use yuan in trade because it will probably appreciate against the U.S. dollar more than 3 percent every year, he said.

“We hope companies will like to use yuan because of its stable value and convenience,” People’s Bank of China Deputy Governor Su Ning said in an interview with state-owned China National Radio today.

The yuan has strengthened 21 percent against the U.S. currency since a dollar peg was scrapped in 2005. China has limited the yuan’s advance in the past year as a stronger currency makes its goods less competitive overseas at a time when economic growth this year could slow to 7.2 percent from 9 percent in 2008, according to World Bank forecasts.

Currency Swaps

The People’s Bank of China has agreed to provide a total of 650 billion yuan ($95 billion) to Argentina, Belarus, Hong Kong, Indonesia, Malaysia and South Korea through so-called currency- swaps to expand the yuan’s usage. China and Brazil in May began studying a proposal to move away from the dollar for trade settlement and use yuan and reais instead.

Malaysia’s government has been calling for reduced dependence on the dollar for “some years” and now that China is supporting yuan settlement it is worth considering, said Tan King Tai, an executive director at Pensonic Holdings Bhd., a manufacturer of household electrical appliances in the northern Malaysian state of Penang that sources parts from China.

“The dollar has become quite volatile and speculative in some ways,” he said. “If the yuan can be stable, it will help companies with their financial budgeting.”

To contact the reporters on this story: Bob Chen in Hong Kong at bchen45@bloomberg.net




Posted by Jesse at 9:43 AM (http://jessescrossroadscafe.blogspot.com/2009/07/china-takes-big-step-forward-in.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=521616604288903596) :verbeug

lunar
02.07.2009, 22:26
OBAMA: TOO MANY JOBS LOST (http://www.huffingtonpost.com/2009/07/02/obama-too-many-jobs-lost_n_224932.html)
President Gives Wide-Ranging Exclusive Interview To AP (http://www.huffingtonpost.com/2009/07/02/obama-too-many-jobs-lost_n_224932.html)

http://images.huffingtonpost.com/gen/90226/thumbs/r-OBAMA-huge.jpg (http://www.huffingtonpost.com/2009/07/02/obama-too-many-jobs-lost_n_224932.html)


BROAD UNEMPLOYMENT RATE HIT 16.5% IN JUNE (http://www.huffingtonpost.com/_224640.html)






Quick Read (http://www.huffingtonpost.com/2009/07/02/unemployment-rate-hits-95_n_224640.html) |
Comments (6,350) (http://www.huffingtonpost.com/2009/07/02/unemployment-rate-hits-95_n_224640.html)
| Economy (http://www.huffingtonpost.com/news/economy)

lunar
03.07.2009, 08:30
Sweden Cuts Deposit Rate to NEGATIVE .25% (http://globaleconomicanalysis.blogspot.com/2009/07/sweden-cuts-deposit-rate-to-negative-25.html)



There has been a lot of ludicrous recommendations recently to combat deflation by making deposit rates negative. I did not think any central bank would be dumb enough to try it. I thought wrong.

Today, Riksbank, Sweeden's central bank cut the deposit rate to -0.25% (http://www.riksbank.com/templates/Page.aspx?id=32047) effectively charging savers interest on deposited money.
...

Zum Original-Beitrag (showthread.php3?p=1246790#post1246790)

....."The deposit rates are actually negative now. In some sense they are creating a money machine for banks. You can lend all you want, but don't put that back into the central bank.".....

.....punishing savers with negative deposit rates is the height of stupidity.

It would be fitting if there was an immediate run on deposits. And if that happens what will Sweden do? Halt deposits? Sweden risks (and deserves) a currency collapse and bank runs for this insane effort. Look for capital flight in Sweden.

We should all be rooting for the demise of Sweden lest Bernanke or some other Central Bank clowns try the same thing. The risk is that Sweden does not immediately suffer for this stupidity and that Bernanke tries to do the same thing.

One thing is certain. This is eventually going to blow sky high. Let's hope it does before Bernanke gets the same brilliant idea.....


:dumm ....die provozieren ja geradezu einen Banken-Run :kopf

lunar
03.07.2009, 08:35
:dumm ...der ehemals gute Ruf der Schweizer ist nun wirklich total im Eimer :gomad bald muss man sich für den roten Pass schämen :(

«Mein Sohn war eigentlich ganz brav» (http://www.tagesanzeiger.ch/panorama/vermischtes/Mein-Sohn-war-eigentlich-ganz-brav/story/13492279)

http://files.newsnetz.ch/story/1/3/4/13492279/26/teaserbreit.jpg (http://www.tagesanzeiger.ch/panorama/vermischtes/Mein-Sohn-war-eigentlich-ganz-brav/story/13492279) Fünf Schüler einer Küsnachter Schule WBK prügeln einen Mann in München fast zu Tode. Die Eltern der Täter ringen um Fassung und stehen unter Schock. Mehr... (http://www.tagesanzeiger.ch/panorama/vermischtes/Mein-Sohn-war-eigentlich-ganz-brav/story/13492279)




Die prügelnden Schüler von Küsnacht (http://www.tagesanzeiger.ch/panorama/vermischtes/Mein-Sohn-war-eigentlich-ganz-brav/story/13492279)


Prügelnde Schüler: «Sie zeigen keine Reue» (http://www.tagesanzeiger.ch/panorama/vermischtes/Pruegelnde-Schueler-Sie-zeigen-keine-Reue/story/30050718)
Prügelnde Schüler: Es geht um versuchten Mord (http://www.tagesanzeiger.ch/panorama/vermischtes/Pruegelnde-Schueler-Es-geht-um-versuchten-Mord/story/10689894)

lunar
03.07.2009, 08:45
Video zeigt: Jackson zwei Tage vor seinem Tod topfit

Ein Video zeigt den King of Pop bei bei Proben im Staples Center in Los Angeles in guter körperlicher Verfassung.........

http://www.tagesanzeiger.ch/kultur/pop-und-jazz/Video-zeigt-Jackson-zwei-Tage-vor-seinem-Tod-topfit/story/12317034

lunar
03.07.2009, 09:08
THE GREAT AMERICAN BUBBLE MACHINE (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print)
Rolling Stone's Matt Taibbi On "How Goldman Sachs Has Engineered Every Major Market Manipulation Since The Great Depression" (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print)

http://images.huffingtonpost.com/gen/90324/thumbs/r-BUBBLE-huge.jpg (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print)








Quick Read (http://www.huffingtonpost.com/2009/07/02/goldman-sachs-the-great-a_n_225302.html) |
Comments (1,550) (http://www.huffingtonpost.com/2009/07/02/goldman-sachs-the-great-a_n_225302.html)
| Goldman Sachs (http://www.huffingtonpost.com/news/goldman-sachs)

lunar
03.07.2009, 09:12
....gewisse Dinge muss man in ganzer Länge festhalten :o leider :rolleyes da es nie ein Ende hat :gomad

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Back to The Great American Bubble Machine (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine)

The Great American Bubble Machine

Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression

MATT TAIBBI

Posted Jul 02, 2009 8:38 AM

In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" — investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good." Taibbi shot back: "Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it." Here, now, are excerpts from Matt Taibbi's piece and video of Taibbi exploring the key issues.


Matt Taibbi On Goldman Sachs' Big Scam

http://i.realone.com/assets/rn/img/1/5/3/0/28940351.jpg (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#)


From Matt Taibbi's "The Great American Bubble Machine" in Rolling Stone Issue 1082-83.

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

Any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.

They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They've been pulling this same stunt over and over since the 1920s — and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet.

See Taibbi discuss Goldman Sachs' big scam. (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#)

NEXT: Goldman Sachs' Role in the Housing and Internet Busts (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/2)




Matt Taibbi on Goldman Sachs' Role
in the Housing and Internet Busts

http://i.realone.com/assets/rn/img/1/4/2/5/28915241-28915242-lthumbnail.jpg (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#)


From Matt Taibbi's "The Great American Bubble Machine" in Rolling Stone Issue 1082-83.

The basic scam in the Internet Age is pretty easy even for the financially illiterate to grasp. Companies that weren't much more than pot-fueled ideas scrawled on napkins by up-too-late bong-smokers were taken public via IPOs, hyped in the media and sold to the public for megamillions. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out 50-story windows and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.

It sounds obvious now, but what the average investor didn't know at the time was that the banks had changed the rules of the game, making the deals look better than they actually were. They did this by setting up what was, in reality, a two-tiered investment system — one for the insiders who knew the real numbers, and another for the lay investor who was invited to chase soaring prices the banks themselves knew were irrational. While Goldman's later pattern would be to capitalize on changes in the regulatory environment, its key innovation in the Internet years was to abandon its own industry's standards of quality control.

Goldman's role in the sweeping global disaster that was the housing bubble is not hard to trace. Here again, the basic trick was a decline in underwriting standards, although in this case the standards weren't in IPOs but in mortgages. By now almost everyone knows that for decades mortgage dealers insisted that home buyers be able to produce a down payment of 10 percent or more, show a steady income and good credit rating, and possess a real first and last name. Then, at the dawn of the new millennium, they suddenly threw all that shit out the window and started writing mortgages on the backs of napkins to cocktail waitresses and ex-cons carrying five bucks and a Snickers bar.

And what caused the huge spike in oil prices? Take a wild guess. Obviously Goldman had help — there were other players in the physical-commodities market — but the root cause had almost everything to do with the behavior of a few powerful actors determined to turn the once-solid market into a speculative casino. Goldman did it by persuading pension funds and other large institutional investors to invest in oil futures — agreeing to buy oil at a certain price on a fixed date. The push transformed oil from a physical commodity, rigidly subject to supply and demand, into something to bet on, like a stock. Between 2003 and 2008, the amount of speculative money in commodities grew from $13 billion to $317 billion, an increase of 2,300 percent. By 2008, a barrel of oil was traded 27 times, on average, before it was actually delivered and consumed.

See Matt Taibbi discuss Goldman Sachs' role
in the housing and internet busts. (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#)

NEXT: Goldman Sachs Graduates in the Government (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/3)


Matt Taibbi Runs Down Goldman' Sachs Graduates with Government Positions

http://i.realone.com/assets/rn/img/1/4/2/5/28915241-28915245-medium.jpg (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#)


From Matt Taibbi's "The Great American Bubble Machine" in Rolling Stone Issue 1082-83.

The history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who's Who of Goldman Sachs graduates. By now, most of us know the major players. As George Bush's last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton's former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup — which in turn got a $300 billion taxpayer bailout from Paulson. There's John Thain, the asshole chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former Goldman banker, Thain enjoyed a multibillion-dollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain's sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in golden-parachute payments as his bank was self-destructing. There's Joshua Bolten, Bush's chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director whom Paulson put in charge of bailed-out insurance giant AIG, which forked over $13 billion to Goldman after Liddy came on board. The heads of the Canadian and Italian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange, the last two heads of the Federal Reserve Bank of New York — which, incidentally, is now in charge of overseeing Goldman.

But then, something happened. It's hard to say what it was exactly; it might have been the fact that Goldman's co-chairman in the early Nineties, Robert Rubin, followed Bill Clinton to the White House, where he directed the National Economic Council and eventually became Treasury secretary. While the American media fell in love with the story line of a pair of baby-boomer, Sixties-child, Fleetwood Mac yuppies nesting in the White House, it also nursed an undisguised crush on Rubin, who was hyped as without a doubt the smartest person ever to walk the face of the Earth, with Newton, Einstein, Mozart and Kant running far behind.

Rubin was the prototypical Goldman banker. He was probably born in a $4,000 suit, he had a face that seemed permanently frozen just short of an apology for being so much smarter than you, and he exuded a Spock-like, emotion-neutral exterior; the only human feeling you could imagine him experiencing was a nightmare about being forced to fly coach. It became almost a national cliché that whatever Rubin thought was best for the economy — a phenomenon that reached its apex in 1999, when Rubin appeared on the cover of Time with his Treasury deputy, Larry Summers, and Fed chief Alan Greenspan under the headline the committee to save the world. And "what Rubin thought," mostly, was that the American economy, and in particular the financial markets, were over-regulated and needed to be set free. During his tenure at Treasury, the Clinton White House made a series of moves that would have drastic consequences for the global economy — beginning with Rubin's complete and total failure to regulate his old firm during its first mad dash for obscene short-term profits.

See Matt Taibbi run down Goldman Sachs graduates with government positions. (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#)

NEXT: Goldman Sachs' Powerful Influence (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/4)


Goldman Sachs' Powerful Influence

http://i.realone.com/assets/rn/img/1/4/2/5/28915241-28915244-lmedium.jpg (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#)


From Matt Taibbi's "The Great American Bubble Machine" in Rolling Stone Issue 1082-83.

After the oil bubble collapsed last fall, there was no new bubble to keep things humming — this time, the money seems to be really gone, like worldwide-depression gone. So the financial safari has moved elsewhere, and the big game in the hunt has become the only remaining pool of dumb, unguarded capital left to feed upon: taxpayer money. Here, in the biggest bailout in history, is where Goldman Sachs really started to flex its muscle.

It began in September of last year, when then-Treasury secretary Paulson made a momentous series of decisions. Although he had already engineered a rescue of Bear Stearns a few months before and helped bail out quasi-private lenders Fannie Mae and Freddie Mac, Paulson elected to let Lehman Brothers — one of Goldman's last real competitors — collapse without intervention. ("Goldman's superhero status was left intact," says market analyst Eric Salzman, "and an investment-banking competitor, Lehman, goes away.") The very next day, Paulson greenlighted a massive, $85 billion bailout of AIG, which promptly turned around and repaid $13 billion it owed to Goldman. Thanks to the rescue effort, the bank ended up getting paid in full for its bad bets: By contrast, retired auto workers awaiting the Chrysler bailout will be lucky to receive 50 cents for every dollar they are owed.

Immediately after the AIG bailout, Paulson announced his federal bailout for the financial industry, a $700 billion plan called the Troubled Asset Relief Program, and put a heretofore unknown 35-year-old Goldman banker named Neel Kashkari in charge of administering the funds. In order to qualify for bailout monies, Goldman announced that it would convert from an investment bank to a bank-holding company, a move that allows it access not only to $10 billion in TARP funds, but to a whole galaxy of less conspicuous, publicly backed funding — most notably, lending from the discount window of the Federal Reserve. By the end of March, the Fed will have lent or guaranteed at least $8.7 trillion under a series of new bailout programs — and thanks to an obscure law allowing the Fed to block most congressional audits, both the amounts and the recipients of the monies remain almost entirely secret.

Converting to a bank-holding company has other benefits as well: Goldman's primary supervisor is now the New York Fed, whose chairman at the time of its announcement was Stephen Friedman, a former co-chairman of Goldman Sachs. Friedman was technically in violation of Federal Reserve policy by remaining on the board of Goldman even as he was supposedly regulating the bank; in order to rectify the problem, he applied for, and got, a conflict-of-interest waiver from the government. Friedman was also supposed to divest himself of his Goldman stock after Goldman became a bank-holding company, but thanks to the waiver, he was allowed to go out and buy 52,000 additional shares in his old bank, leaving him $3 million richer. Friedman stepped down in May, but the man now in charge of supervising Goldman — New York Fed president William Dudley — is yet another former Goldmanite.

The collective message of all of this — the AIG bailout, the swift approval for its bank-holding conversion, the TARP funds — is that when it comes to Goldman Sachs, there isn't a free market at all. The government might let other players on the market die, but it simply will not allow Goldman to fail under any circumstances. Its edge in the market has suddenly become an open declaration of supreme privilege. "In the past it was an implicit advantage," says Simon Johnson, an economics professor at MIT and former official at the International Monetary Fund, who compares the bailout to the crony capitalism he has seen in Third World countries. "Now it's more of an explicit advantage."

See Matt Taibbi discuss Goldman Sachs' powerful influence (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#)

NEXT: Goldman Sachs' Excuse (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/4)


Matt Taibbi on Goldman Sachs' Excuse

http://i.realone.com/assets/rn/img/1/4/2/5/28915241-28915247-large.jpg (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#)


From Matt Taibbi's "The Great American Bubble Machine" in Rolling Stone Issue 1082-83.

Fast-forward to today. It's early June in Washington, D.C. Barack Obama, a popular young politician whose leading private campaign donor was an investment bank called Goldman Sachs — its employees paid some $981,000 to his campaign — sits in the White House. Having seamlessly navigated the political minefield of the bailout era, Goldman is once again back to its old business, scouting out loopholes in a new government-created market with the aid of a new set of alumni occupying key government jobs.

Gone are Hank Paulson and Neel Kashkari; in their place are Treasury chief of staff Mark Patterson and CFTC chief Gary Gensler, both former Goldmanites. (Gensler was the firm's co-head of finance.) And instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits — a booming trillion- dollar market that barely even exists yet, but will if the Democratic Party that it gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an "environmental plan," called cap-and-trade. The new carbon-credit market is a virtual repeat of the commodities-market casino that's been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in advance.

See Matt Taibbi react to Goldman Sachs' excuse (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print#)

Related Stories:





Matt Taibbi in Rolling Stone (http://www.rollingstone.com/matttaibbi)
National Affairs Daily: All the News That's Fit From the Beltway and Beyond (http://www.rollingstone.com/nationalaffairs)
More from Issue 1082-83 (http://www.rollingstone.com/issue1082-83)

lunar
03.07.2009, 09:59
02 July 2009

Japan Calling: A Little More Local Color on the Japanese System (http://jessescrossroadscafe.blogspot.com/2009/07/japan-calling-little-more-local-color.html)


A friend in Japan is updating me on how things are going there.

Its been about ten years since I have worked in Tokyo personally, but everything he is saying is a logical extension of how things were at that time. I am very familiar with the NTT communication system, which was the basis of some of our early work here in the US. Its convenient sometimes to have a determined bureaucracy with plenty of money and power at your back when its time to get a strategic initiative achieved.

This is useful because people like to make facile comparisons between Japan and the US without really understanding some important differences in the markets, public policy, demographics, and culture.

"There are many things here that make life difficult, but on the other hand, make life much easier, some planned, some dictated by circumstances and by accident. It seems very socialist. Makes it very difficult to compare Japan and the US.

There is national health care here. Due to a focus on disease prevention (they have started to take waist measurements and warn you if your waist is say more than 34 inches), not eating too much meat, getting enough vitamin D from sunlight and getting a little exercise because you have to walk 10 minutes to the train station, you can expect, on average, to be fully functional until about 75 and live into your 80s.

Almost everyone is reimbursed for commute to work, by least expensive route, say bus and train, even if you work in a convenience store. Japanese people have told me that the idea is that everyone who wants to work should be able to work where they want without being deterred by the cost of the commute. At one firm I worked at, the limit for the reimbursement was 800 dollars per month, so a very few people commuted by bullet train from quite a distance away. More exactly, if you go to work 5 days a week, the company will reimburse you for the bus/train pass, which allows unlimited travel, so you can use the train pass to go shopping or do other things on weekends for free.

My pass for a half hour commute each way, about 40 miles round trip, is 120 dollars per month. This is why the public transportation systems work well and have continued to improve. All the trains are continuing in improve, and for example, the bullet train now uses one half the energy it did when it debuted 45 years ago. JR East, beginning with the Yamanote Line, is replacing all its trains with new regenerative braking trains that are lighter and roomier and use half the energy of the earlier models. Advertisements on the trains say it takes 1/10 the energy to go by train than by car, but I think that is for older models.

Which brings us to the biggest advantage: most people do not need a car here, and if they do need one, a household can get by with just one car.

I have long thought of cars as vampires sucking the economic life out of every household in the US. And the risk of death and serious injury from car accidents is about half what it is in the US (although the statistics may not be directly comparable).

In 45 years, only one rider has been killed on the bullet train, and that was because he tried to stick his hand in the door too late and got the sleeve of his jacket caught in the door. While there are commuter train accidents from time to time, they are rare, and I think in Tokyo, the last passenger deaths were about a decade ago when a train derailed. Since the auto fatalities in Japan are about 7,000 per year, whereas in the US they are around 40,000 per year with about double the population, I guess that if the Japanese drove as much as people in the US, there would be about another 10,000 auto fatalities per year here, so over the 20 years I have lived here, there are say 200,000 people walking around who wouldn't otherwise be here. That trumps absolutely all other considerations.

I think it is telling that during the oil price spike last year, the US cut its gasoline consumption by about 5%, whereas in Japan, gasoline consumption was cut by 14%. I said, the Japanese cut their gasoline consumption by 14%... BECAUSE THEY CAN.

Broadband, subsidized and incentivized, has been here for a decade. Around 1999, I picked up a Yahoo Broadband modem, filled out a form, brought it home, and plugged it in. 6 M/sec, 15 dollars a month. Although I didn't understand it at the time, the modem was converting my telephone calls into internet telephony, so calls to the US that were a dollar a minute by NTT were suddenly a flat 3 cents a minute. Around new year, I made a lot of phone calls, and was bracing for a thousand dollar phone bill... and then I realized that I hadn't gotten an NTT bill in months... it was instead a 20 dollar charge tacked on to my credit card.

The Japanese government has been panicking about the oil running out for more than a decade. I noticed Koizumi saying "global warming, global warming" over and over again, and mention of peak oil was conspicuous by its absence. That's when I realized that when he was addressing the captains of industry, what he was really saying was "You idiots, the oil is running out! Get the energy use of everything down!"

Because broadband is widely available, the Japanese government went from wanting 10% of workers to telecommute at least some of the time, to wanting 20% to telecommute by next year, as a means of reducing energy consumption.

Mitsubishi is advertising a split system heat pump air conditioner/heater that runs at about 6 cents per hour (and the electricity rate here is high, about 20 cents a kilowatt hour). My Sharp heat pump is 16 years old and runs for about 10 cents an hour. My total heating/cooling expense for a year is about 300 dollars.

There is a huge panic going on in the US about how bad the electricity grid is. I think there are estimates that unreliable electricity is costing the US 100 billion per year. In Tokyo, there has been only one major blackout in 20 years, and that affected only about a quarter of the city for half a day due to a crane snagging high tension wires. The only outages I have seen myself were when a construction crew accidentally severed a line (one hour) and when a fighter jet crashed into high tension wires (two hours). Quakes do not normally affect electricity, water, or telephone. Gas meters have automatic sensors that turn off gas supply, and then if it seems all clear after an hour, automatically reset. We sometimes have fairly big quakes every day for weeks on end... I'm not joking.

When a quake is detected by sensors, the sensors send signals to a central computer. The computer has models of 100,000 quake scenarios, and it matches the data to a scenario, estimating the surface shaking for each small grid square of Japan. If surface shaking in a particular location is predicted to exceed a certain level, the bullet trains automatically engage emergency braking. All city halls have automatic announcement systems that estimate the shaking and count down to the arrival of the primary wave at their particular location. Nuclear reactors and power generating stations receive advance warnings. Some residential condos also have this. I suppose it will become standard soon.

You can get warnings of a few seconds or minutes depending on how far away the quake is.

(After seeing the Kobe quake first hand, my solution was 1) buy earthquake ground shaking estimate map of Tokyo, 2) see closest station to downtown where risk drops substantially due to granite outcrop getting you off the alluvial plain. Estimates of shaking in downtown Tokyo is 10 times the estimated shaking where I live.)

This is why I think it is so difficult to compare the situations. You cannot walk away from the mortgage. On the other hand, your commute is subsidize and you do not need a car, so it is as if the condo were free."


Posted by Jesse at 9:33 PM (http://jessescrossroadscafe.blogspot.com/2009/07/japan-calling-little-more-local-color.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=7827035403282637862) :verbeug

...lohnt sich zu lesen :cool

lunar
03.07.2009, 14:17
...aus Trader's Daily :)

Zitat des Tages
„Investiere in Inflation. Sie hat die besten Aussichten."

- William Will Penn Adair Rogers (1879 - 1935)

lunar
03.07.2009, 17:55
“ACHILLES’ HEEL” (http://goldtent.net/wp_gold/2009/07/03/achilles-heel/)

-> Posted by Just_Buy_It @ 10:42 am on July 3, 2009
“BIG PICTURE – The much anticipated economic recovery is now fully discounted by the financial markets. Most strategists and economists seem to agree that the US economy is stabilising and will start to revive towards the end of the year. Interestingly, the ‘great depression’ hyperbole doing the rounds last autumn has now been replaced by the ‘green shoots’ hype. It seems as though everyone is spotting some kind of ‘green shoots’ somewhere in the economy. If one didn’t know any better, after reading the latest headlines in the media, one could easily get the impression that perhaps the geniuses in the financial community have now become experts in horticulture!

Make no mistake; every credit-induced boom in history has been accompanied by a brilliant tag line to promote the agenda and the ‘green shoots’ hype is no different. Back in the mid-1990’s, when Asian markets were roaring, nations in the region were referred to as the ‘Asian Tigers’. Thereafter, the technology mania was widely accepted as the ‘new era’. More recently, the recent boom in China and India was coined the ‘Chindia Express’. And we all know how these supposedly permanent periods of prosperity worked out!

As far as the recent recovery in the markets is concerned, I am convinced that it is largely due to deeply oversold conditions seen in the autumn crash and the fact that central banks have flooded the system with trillions of dollars. So, the recent strength in asset prices is because of the ongoing debasement of currencies and the consequent decline in the purchasing power of cash. In my humble opinion, the recent rebound in stocks and commodities has very little to do with any sustainable improvement in the overall economy. Whether you like it or not, the global economy is still very weak and the recession is likely to last for at least another six months.

The US economy is choking on debt, American households are deleveraging, commercial bank credit is contracting and unemployment is still climbing. More importantly, the American housing market is still extremely weak and cracks are beginning to appear in commercial real-estate.

Across the pond, economic activity in the ‘Old World’ is even more pathetic. Britain is reeling from the financial crisis; the City of London is a far cry from its former glory days and to make matters worse, the North Sea is running dry. After exporting oil for over 20 years, Britain has now become a net importer of oil. Over on the mainland, the Spanish economy is a total mess, Italy is struggling, Germany is in recession and Eastern Europe is possibly in the worst shape. Unfortunately, most of the nations in the West are up to their eye balls in debt and I find it hard to accept that they will take on even more debt in order to oblige the policymakers.

Over in Asia, things are much better than elsewhere. By and large, the region has huge foreign exchange reserves, a high savings rate and low debt levels. Unfortunately, many Asian nations depend heavily on exports to the West and their economies are feeling the pain. In the first quarter (when compared to a year ago); economic output fell by roughly 10% in Hong Kong, Japan, Taiwan and Singapore. It is clear that declining exports are hurting these economies but the bigger problem is the over-capacity which has emerged in the system due to a collapse in demand.

It is worth noting that a genuine economic boom occurs when consumption or aggregate demand pushes up against existing capacity. When that happens, businesses engage in massive capital spending in order to meet demand and this phenomenon brings about economic prosperity. At present, we are dealing with a situation whereby the entire world is operating well below existing capacity. For instance, the US economy is currently operating at roughly 70% capacity (Figure 1). Globally, the capacity utilisation rate is only slightly better at roughly 80%, however there is still a lot of unused industrial capacity.

http://goldtent.net/wp_gold/wp-content/uploads/2009/07/0702_clip_image002.jpg (http://goldtent.net/wp_gold/wp-content/uploads/2009/07/0702_clip_image002.jpg)

Source: The Chartstore

Given the fact that households in the West are repaying their debt and the world faces excess capacity, a robust and sustainable economic recovery is out of the question.

In my view, what is more likely is that governments all over the world will engage in massive fiscal spending over the coming years. In other words, politicians (who aren’t the best allocators of capital) are going to spend trillions of dollars on state-sponsored infrastructure projects. Needless to say, governments will fund these ambitious projects by either borrowing or printing money (or a combination of both). Whatever their source of fund raising, any economic recovery brought about by monetary inflation will be short lived. Once the stimulus kicks in and economic activity picks up, we will witness a tidal inflationary wave in the form of sky-high prices for natural resources. When prices spiral out of control and speculative juices start to flow again, short-term interest rates will rise and the stage will be set for the next colossal bust.

Although the global economy faces serious challenges, some positive signs have emerged in the past few weeks. Recently, China’s Purchasing Managers Index (PMI) and Korea’s industrial production have rebounded sharply and these are early signs that the free fall in global economic activity may have ended.

Furthermore, the Baltic Dry Freight Index has more than tripled from its crash low and this is another positive development. After the horrendous crash in freight rates, the shipping industry is getting some relief as China starts to build up its inventories of various key commodities.

Finally, the credit markets seem to have improved with the inter-bank lending rate (LIBOR) declining to below 0.7 bps and credit spreads are also narrowing.

All these are encouraging developments and suggest that the worst part of the contraction may be over. Now, before you reach for your champagne bottle and commence the celebrations, I want to highlight the Achilles’ heel which is likely to disturb the recovery in America.

Remember, the ongoing crisis was brought about by excessive leverage and rampant speculation in US housing. Encouraged by the misconception that home prices never fall, millions of homeowners in America took out the following types of mortgages:

a. Prime - good credit rating
b. Subprime - sub-par credit rating
c. Alt-A – no income proof or asset proof
d. Option Adjustable Rate Mortgages – minimum repayment with teaser rates

Out of the above mortgage categories, the really dubious ones are Alt-A and Option Adjustable Rate Mortgages. Under Alt-A mortgage type, potential homeowners simply walked into a bank with no asset or income proof and walked out with a hefty mortgage.

Worst still, under the Option Adjustable Rate Mortgage, instead of the bank, it was the homeowner who decided how much he/she wished to repay each month! In some instances, borrowers decided to repay only the interest and in other cases, borrowers didn’t even repay the entire interest and the unpaid interest was added to the outstanding loan. To make matters worse, these ‘convenient’ mortgages came with extremely low teaser rates which were subject to resets at higher rates.

Make no mistake; it was the foreclosure avalanche triggered by the subprime mortgage resets which caused the credit crisis. Figure 2 shows that although the bulk of the subprime resets are now behind us, billions of dollars worth of Alt-A and Option Adjustable Rate Mortgages are coming up for resets between now and 2011. So, it is probable that the second wave of foreclosures will cause even more problems in the banking sector. Accordingly, I sincerely suggest that you stay away from bank stocks.

http://goldtent.net/wp_gold/wp-content/uploads/2009/07/0702_clip_image004.jpg (http://goldtent.net/wp_gold/wp-content/uploads/2009/07/0702_clip_image004.jpg)

Source: Credit Suisse

Look; up until now, apart from using taxpayers’ money to save insolvent banks, Mr. Obama’s administration has not done much in the way of helping distressed homeowners. Unless the US establishment urgently restructures this mountain of debt, we are likely to see further problems in the US economy. It is crucial that debt restructuring becomes top priority for the US establishment, otherwise the ‘green shoots’ may turn into toxic weeds.”

….by Puru Saxena
…..Editor, Money Matters
……July 2, 2009

lunar
03.07.2009, 17:59
:supi .

lunar
03.07.2009, 18:34
The Sarychev Volcano, located on a Russian island off the coast of Japan, erupted on June 12, 2009. The video was captured by the International Space Station.

NASA has posted a .


Riauw5UTnW8&eurl

lunar
03.07.2009, 20:16
Wirtschaft (http://www.faz.net/s/RubC9401175958F4DE28E143E68888825F6/Tpl%7EEcommon%7ESressort.html)

Bundestag (http://www.faz.net/s/Rub58241E4DF1B149538ABC24D0E82A6266/Doc%7EE5E3867846AF049C9AECB1DB61BCEBDF0%7EATpl%7EEcommon%7EScontent.html)

Bad Banks sind beschlossene Sache (http://www.faz.net/s/Rub58241E4DF1B149538ABC24D0E82A6266/Doc%7EE5E3867846AF049C9AECB1DB61BCEBDF0%7EATpl%7EEcommon%7EScontent.html)

Der Bundestag hat am Freitag die Einrichtung so genannter „Bad Banks“ gebilligt, in welche die Banken toxische Papiere aus ihren Bilanzen auslagern können. Die Koalitionsfraktionen stimmten dem Entwurf zu, die Opposition lehnte geschlossen ab. Nun muss der Entwurf noch durch den Bundesrat.http://www.faz.net/f30/Images/LinkIcons/linkwinkel.gif (http://www.faz.net/s/Rub58241E4DF1B149538ABC24D0E82A6266/Doc%7EE5E3867846AF049C9AECB1DB61BCEBDF0%7EATpl%7EEcommon%7EScontent.html)






Zeitbombe Bad Bank


Bad Bank statt Bank Reform. Bundestag wälzt Bankenrisiko auf Bürger ab: 500 Milliarden Euro für das Prinzip Hoffnung. Der deutsche Steuerzahler als Müllhalde für US-Kredit-Schrottpapiere. ../stockselect/stock-board/images/smilies/madgo.gif


http://www.mmnews.de/index.php/200907033220/MM-News/Zeitbombe-Bad-Bank.html



Zum Original-Beitrag (http://showthread.php3?p=1246967#post1246967)
BAD-BANK-GESETZ

Steinbrück verteidigt seinen Finanz-Schrottplatz

Von Severin Weiland (http://www.spiegel.de/)

Die Entscheidung fiel in letzter Minute vor der Sommerpause: Die Große Koalition hat ihr Bad-Bank-Gesetz beschlossen, mit dem Finanzkonzerne künftig Schrottpapiere auslagern können. Minister Steinbrück warb dafür, Opposition und Sparkassen protestierten - und auch die SPD zeigte sich nicht ganz glücklich.

Berlin - Am Ende gab sich Peer Steinbrück versöhnlich. Der sonst gelegentlich zur Polterei neigende Finanzminister dankte den Haushältern von Union und SPD, Steffen Kampeter und Carsten Schneider, für ihren Beitrag zum Bad-Bank-Gesetz. Es sei ein "schwieriger Prozess" gewesen, bei dem die beiden, aber auch er selbst, einige Überzeugungen über Bord habe werfen müssen. Die Arbeit mit ihnen sei sehr angenehm gewesen. "Vielen Dank", schloss der Bundesfinanzminister und ging zu seinem Platz auf der Regierungsbank zurück.


http://www.spiegel.de/politik/deutschland/0,1518,634147,00.html




....ich finde Herr Steinbrück fördert Doppelmoral :Prost :gomad

lunar
03.07.2009, 21:20
800 at San Quentin quarantined for swine flu

Jaxon Van Derbeken, Chronicle Staff Writer (jvanderbeken@sfchronicle.com)

Friday, July 3, 2009

(07-03) 10:37 PDT SAN FRANCISCO -- About 800 San Quentin State Prison inmates have been quarantined - banned from having visitors starting this weekend - as officials await testing on 30 inmates suspected of having swine flu, authorities said Thursday.


More News






Under Senate health care plan, either way you pay (http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/07/01/national/w184624D28.DTL) 07.03.09
Governor says he's seeking budget compromise (http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/03/MN1C18IAM2.DTL) 07.03.09
Los Angeles police under scrutiny in Jackson death (http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/07/02/entertainment/e145114D46.DTL) 07.02.09
Fireworks set off blaze that destroys home (http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/03/BANF18IID5.DTL) 07.02.09
So far, four of the 30 minimum-security inmates have tested positive for having a strain that has a 97 percent probability of being the H1N1 virus, said Luis Patino, spokesman for the federal receiver who runs state prison medical care.

It will take about 10 days to confirm if the results are indeed swine flu. Meanwhile, the quarantined inmates will be barred from having visitors and will be kept confined to the single cell block where the suspected outbreak occurred.

Patino said the prison system is taking a more measured approach compared with a response to a swine flu case in May, which forced a 10-day ban on prison visits statewide.

"This time, we have a more measured response and we are doing that because we know that this is not a highly virulent strain and because we know much more about how to confine the virus and how to handle the symptoms," Patino said.

The prison has a population of 5,200 inmates.


E-mail Jaxon Van Derbeken at jvanderbeken@sfchronicle.com.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/02/BANF18IJCA.DTL&tsp=1


:rolleyes
(http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/02/BANF18IJCA.DTL&tsp=1)

lunar
04.07.2009, 10:43
03.07.2009, 20:31 #333 (http://www.hall-of-finance.de/forum/showpost.php?p=515559&postcount=333) niemandweiss (http://www.hall-of-finance.de/forum/member.php?u=590)
Erfahrener Benutzer

Registriert seit: 28.03.2005
Beiträge: 4.598


... alles wird gut http://www.hall-of-finance.de/forum/images/smilies/neu/wink.gif "ARt of Davod Dees" (http://www.rense.com/1.mpicons/dees1.htm)


:supi
:rolleyes :( :gomad

lunar
04.07.2009, 10:45
03 July 2009

India Puts Its Weight Behind Alternatives to the Dollar Reserve Currency (http://jessescrossroadscafe.blogspot.com/2009/07/india-puts-its-weight-behind.html)


When an alternative to the dollar as reserve currency does occur will this be the most widely telegraphed "black swan surprise" in history?

We would agree that it appears to be an almost classic Prisoner's Dilemma (http://en.wikipedia.org/wiki/Prisoner)

The exits are likely to be rather crowded when this one finally comes home to roost, unless the nations can agree to a longer term phased in approach. But even then, once the announcement is made, it is beyond all doubt the endgame for the dollar bubble.

The system has not crashed, it is crashing.


Bloomberg (http://www.bloomberg.com/apps/news?pid=20601091&sid=aSx4wlTQzexM)
India Joins Russia, China in Questioning U.S. Dollar Dominance
By Mark Deen and Isabelle Mas

July 3 (Bloomberg) -- Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars.

“The major part of Indian reserves are in dollars -- that is something that’s a problem for us,” Tendulkar, chairman of the Prime Minister’s Economic Advisory Council, said in an interview today in Aix-en-Provence, France, where he was attending an economic conference.

Singh is preparing to join leaders from the Group of Eight industrialized nations -- the U.S., Japan, Germany, Britain, France, Italy, Canada and Russia -- at a summit in Italy next week which is due to tackle the global economy. China and Brazil will also send representative to the G-8 summit.

As the talks have neared, China and Russia have stepped up calls for a rethink of how global currency reserves are composed and managed, underlining a power shift to emerging markets from the developed nations that spawned the financial crisis.

“There should be a system to maintain the stability of the major reserve currencies,” Former Chinese Vice Premier Zeng Peiyan said in a speech in Beijing today, highlighting the nation’s concerns about a global financial system dominated by the dollar.

Fiscal and current-account deficits must be supervised as “your currency is likely to become my problem,” said Zeng, who is now the head of a research center under the government’s top economic planning agency. The People’s Bank of China said June 26 that the International Monetary Fund should manage more of members’ reserves.

Russian Proposals

Russian President Dmitry Medvedev has repeatedly called for creating a mix of regional reserve currencies as part of the drive to address the global financial crisis, while questioning the dollar’s future as a global reserve currency. Russia’s proposals for the Group of 20 major developed and developing nations summit in London in April included the creation of a supranational currency.

“We will resume” talks on the supranational currency proposal at the G-8 summit in L’Aquila on July 8-10, Medvedev aide Sergei Prikhodko told reporters in Moscow today.

Singh adviser Tendulkar said that big dollar holders face a “prisoner’s dilemma” in terms of managing their holdings. “That’s why I’m telling them to do this,” he said.

He also said that world currencies need to adjust to help unwind trade imbalances that have contributed to the global financial crisis.

“The major imbalances which led to the current situation, the current account surpluses and deficits, have to be addressed,” he said. “Currency adjustment is one thing that suggests itself.”

Emerging-Market Dependence

For all the complaints about the dollar, emerging markets such as India remain dependent on the currency of the U.S., the world’s largest economy and a $2.5 trillion export market. The IMF said June 30 that the share of dollars in global foreign- exchange reserves increased to 65 percent in the first three months of this year, the highest since 2007.

Tendulkar said that the matter needs to be taken up in international talks, and that it emphasizes the need for those talks to go beyond the traditional G-8.

“They can meet if they want to,” he said. “The G-20 has a wider role, has representation of the countries that are likely to lead the recovery process.”






Posted by Jesse at 3:42 PM (http://jessescrossroadscafe.blogspot.com/2009/07/india-puts-its-weight-behind.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2271295746238793231) :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2271295746238793231)

lunar
04.07.2009, 10:57
BAD-BANK-GESETZ

Steinbrück zweifelt an Wirkung von Bad Banks (http://www.spiegel.de/politik/deutschland/0,1518,634268,00.html)

Der Bundestag hat am Freitag das Bad-Bank-Gesetz beschlossen - und schon äußert Finanzminister Steinbrück Bedenken, dass es wirklich ausreicht. Sollte die Kreditklemme in der Wirtschaft anhalten, müssten weitergehende Maßnahmen beschlossen werden. mehr... (http://www.spiegel.de/politik/deutschland/0,1518,634268,00.html) [ Video (http://www.spiegel.de/video/video-61858.html) | Forum (http://forum.spiegel.de/showthread.php?t=7768) ]



....Von der Opposition wurde das Gesetz geschlossen abgelehnt. Der FDP-Finanzexperte Florian Toncar bedauerte, dass nicht alle Institute einbezogen werden: "Die Banken, die es irgendwie hinkriegen, werden erstmal abwarten." Der Finanzpolitiker der Linken, Roland Claus, sagte, es handele sich nicht nur um ein Bad-Bank-Gesetz, es sei auch ein "schlechtes Gesetz". Alle Risiken würden dem Steuerzahler von Heute und von Morgen aufgeladen. Verstaatlicht würde nicht werthaltige Substanz, sondern Schulden. Das sei die "Fortsetzung des Casino-Kapitalismus". Der Grünen-Finanzexperte Gerhard Schick kritisierte, dass ein Gesetz, das in 20 Jahren erst seine volle Wirkung zeigen werde, kurzfristig durch den Finanzausschuss gebracht worden sei. Das Thema sei bereits vor Monaten auf dem Tisch gewesen.

....von wem wird Herr Steinbrück eigentlich bezahlt :confused und in wessen Sinne fuhrwerkt er :confused :Prost :bad

lunar
04.07.2009, 11:18
WATCH: U2 Goes Green, Dedicates "Sunday Bloody Sunday" To Iran (http://www.huffingtonpost.com/2009/07/03/iran-uprising-blogging-fr_n_225333.html)

http://images.huffingtonpost.com/gen/90434/thumbs/s-U-large.jpg (http://www.huffingtonpost.com/2009/07/03/iran-uprising-blogging-fr_n_225333.html)

Latest Updates: Watch Iran State Media Official Defend Propaganda In BBC Debate... Ahmadinejad 'Facing Isolation' (http://www.huffingtonpost.com/2009/07/03/iran-uprising-blogging-fr_n_225333.html)






Quick Read (http://www.huffingtonpost.com/2009/07/03/iran-uprising-blogging-fr_n_225333.html) |
Comments (356) (http://www.huffingtonpost.com/2009/07/03/iran-uprising-blogging-fr_n_225333.html)
| Iranian Election (http://www.huffingtonpost.com/news/iran-election)
PR8d1qM-GqE&eurl


....... 3:40 AM ET -- "Your breath smells of Allah-o Akbar." A great cartoon via Tehran Bureau (http://feedproxy.google.com/%7Er/Tehranbureau/%7E3/l-GZNJewbOY/), which reports on Iranians' daily battles to keep their satellite dishes (http://feedproxy.google.com/%7Er/Tehranbureau/%7E3/l-GZNJewbOY/).

Basij militiaman to driver: "Your breath smells of Allah o Akbar." The chant of Allah o Akbar, which helped bring down the Shah 30 years ago, is now being chanted every night in protest of the current government.

http://tehranbureau.com/wp-content/uploads/2009/07/2.jpg


.......


http://www.huffingtonpost.com/2009/07/03/iran-uprising-blogging-fr_n_225333.html

lunar
05.07.2009, 12:10
RACHEL MADDOW DESTROYS OBAMA ON LYING TO THE AMERICAN PEOPLE

lS1-Tu1jq8A&feature

....also bin ziemlich erstaunt :rolleyes etwas misstrauisch (immer bei so "zerpflückten Reden" :rolleyes) muss wohl jeder wieder mal selber entscheiden was man glauben soll - was nicht :rolleyes

zu Rachel Maddow ---> http://de.wikipedia.org/wiki/Rachel_Maddow

......Politisch bekennt Maddow sich unverhohlen zur Demokratischen Partei (http://de.wikipedia.org/wiki/Demokratische_Partei_%28Vereinigte_Staaten%29), deren politisches Programm und Führungspersonal sie im Präsidentschaftswahlkampf 2008 nachdrücklich in ihrer Show unterstützte und als die bessere Alternative gegenüber den Republikanern für die zukünftige Führung Amerikas empfahl......

lunar
05.07.2009, 18:59
Vom Ministerium geblockt

Diese Urteile zugunsten der Steuerzahler verpufften

(51) (http://www.welt.de/finanzen/article4061246/Diese-Urteile-zugunsten-der-Steuerzahler-verpufften.html#article_comment) Von Barbara Brandstetter 5. Juli 2009, 11:30 Uhr
Das Bundesfinanzministerium sichert sich seine Einnahmen: Es streicht einfach Urteile des Bundesfinanzhofs, die den Steuerzahlern ansonsten eine Entlastung gebracht hätten. Im Gespräch mit der "Welt am Sonntag" empört sich der Chef des obersten deutschen Finanzgerichts über diese Praxis.




http://www.welt.de/finanzen/article4061246/Diese-Urteile-zugunsten-der-Steuerzahler-verpufften.html

Zum Original-Beitrag (http://showthread.php3?p=1247100#post1247100)
.....Doch häufig freuen sich die Steuerzahler zu früh. Denn der Finanzminister nutzt alle Tricks, Finten und Gesetze, um den Steuerzahlern möglichst wenig Geld zurückzahlen zu müssen. Das weckt nicht nur Zweifel am Rechtsstaat Deutschland. Finanzminister Peer Steinbrück (SPD) muss sich den Vorwurf gefallen lassen, die Gewaltenteilung zu missachten.....

...doch nicht etwa saubermänn'sche Doppelmoral :Prost :bad

lunar
05.07.2009, 19:43
Federer gewinnt Wimbledon!

Von Sascha Rhyner.




«Die Rekorde spornen mich an» (http://www.tagesanzeiger.ch/sport/tennis/Die-Rekorde-spornen-mich-an/story/19904913)
Ist Roger Federer der Grösste? (http://www.tagesanzeiger.ch/sport/tennis/Ist-Roger-Federer-der-Groesste/story/30384942)
A-Rod, der Stimmungsmacher (http://www.tagesanzeiger.ch/sport/dossier/der-wimbledonblog/ARod-der-Stimmungsmacher/story/27864407)
Federer: «Das ist schon ein Wahnsinn» (http://www.tagesanzeiger.ch/sport/tennis/Federer-Das-ist-schon-ein-Wahnsinn/story/26652691)
Der Final:
Roger Federer s. Andy Roddick* 5:7, 7:6 (8:6), 7:6 (7:5), 3:6, 16:14

Der fünfte Satz: 16:14

Roddick: Zum zehnten Mal in diesem Satz serviert Roddick, um im Match zu bleiben... 0:15. 0:30. Psssst.... Servicewinner, 15:30. Noch einer, 30:30. Der dritte in Folge, 40:30. Roddick verzieht, Deuce. Auf seinen Aufschlag kann sich Roddick verlassen, Vorteil. Roddick zu lang, wieder Einstand. Zweiter. Vorteil Federer, Matchball. Wieder Zweiter. Und Roddick verschlägt, es ist vollbracht: 16:14!.......

http://www.tagesanzeiger.ch/sport/tennis/Federer-gewinnt-Wimbledon/story/17838114


Sport: 5. Juli 2009, 19:30


Roger Federer steigert die Superlative (http://www.nzz.ch/nachrichten/sport/tennis/roger_federer_wimbledon_andy_roddick_1.2913746.html)

http://www.nzz.ch/images/roger_federer_wide_1.2812088.1246811740.jpg (http://www.nzz.ch/nachrichten/sport/tennis/roger_federer_wimbledon_andy_roddick_1.2913746.html)
6. Wimbledon- und 15. Major-Titel des Schweizers – zurück auf der Weltnummer 1 (http://www.nzz.ch/nachrichten/sport/tennis/roger_federer_wimbledon_andy_roddick_1.2913746.html)

Roger Federer hat den Wimbledon-Final 2009 gegen Andy Roddick für sich entschieden. Er bezwang den Amerikaner nach nur einem Break 5:7, 7:6, 7:6, 3:6, 16:14 und wird damit auch den Thron in der Tenniswelt zurückerobern: die Weltnummer 1. (http://www.nzz.ch/nachrichten/sport/tennis/roger_federer_wimbledon_andy_roddick_1.2913746.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/sport/tennis/roger_federer_wimbledon_andy_roddick_1.2913746.html)
http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif Wimbledon: Alle Zahlen und Fakten (http://www.nzz.ch/nachrichten/sport/resultate_detail/wimbledon_herren_1.2779683.html)

lunar
06.07.2009, 08:37
MUSLIMISCHE PROVINZ XINJIANG

Mehr als hundert Tote bei Unruhen in Westchina (http://www.spiegel.de/politik/ausland/0,1518,634450,00.html)

http://www.spiegel.de/img/0,1020,1577593,00.jpg (http://www.spiegel.de/politik/ausland/0,1518,634450,00.html)


Tödliche Krawalle am Rand des Riesenreichs China: In der Provinz Xinjiang, die mehrheitlich von muslimischen Uiguren bewohnt wird, sind mindestens 140 Personen ums Leben gekommen, Hunderte wurden verletzt. TV-Bilder zeigen Demonstranten, die Polizeiautos angreifen, und blutüberströmte Menschen. mehr... (http://www.spiegel.de/politik/ausland/0,1518,634450,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7794) ]




http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifSPIEGEL WISSEN: Infos und Hintergründe über Chinas Provinz Xinjiang (http://wissen.spiegel.de/wissen/resultset.html;iso?suchbegriff=Xinjiang&site=SPIEGEL)

lunar
06.07.2009, 09:17
Sunday, July 5, 2009

Is A Case Of Quant Trading Sabotage About To Destroy Goldman Sachs? (http://zerohedge.blogspot.com/2009/07/is-case-of-quant-trading-industrial.html)

Posted by Tyler Durden at 5:48 PM (http://zerohedge.blogspot.com/2009/07/is-case-of-quant-trading-industrial.html)
Major developing story: Matt Goldstein over at Reuters (http://blogs.reuters.com/commentaries/2009/07/05/a-goldman-trading-scandal/) may have just broken a story that could spell doom for if not the entire Goldman Sachs program trading group, then at least those who deal with "low latency (microseconds) event-driven market data processing, strategy, and order submissions." Visions of swirling, gray storm clouds over Goldman's SLP and hi-fi traders begin to form.

Back-up: This week's NYSE Program Trading report was very odd (http://www.nyse.com/pdfs/PT06.22-06.26.pdf): not only because program trading hit 48.6% of all NYSE trading, a record high at least since the NYSE keep tabs of this data, and a data point which in itself was startling enough to cause some serious red flags as I jaunt from village to village in what little is left of Europe's bison country, but what was shocking was the disappearance of the #1 mainstay of complete trading domination (i.e., Goldman Sachs) from not just the aforementioned #1 spot (http://www.zerohedge.com/content/goldman-sachs-principal-transactions-update-back-vengeance), but the entire complete list. In other words: Goldman went from 1st to N/A in one week.


http://4.bp.blogspot.com/_FM71j6-VkNE/SlEfzIIAKQI/AAAAAAAADyw/_PVXewhxrMg/s400/NYSE+PT+June+25.PNG (http://4.bp.blogspot.com/_FM71j6-VkNE/SlEfzIIAKQI/AAAAAAAADyw/_PVXewhxrMg/s1600-h/NYSE+PT+June+25.PNG)

Even more odd, this "disappearance" comes hot on the heels of what Zero Hedge reported could be potentially a major change (http://www.zerohedge.com/article/nyse-halts-transparency-feels-goldman-program-trading-disclosure-unnecessary) to the way the NYSE provides its weekly program trading report. Of course, Ray over at the NYSE immediately replied to Zero Hedge that all was going to be same as always (http://www.zerohedge.com/article/goldman-sachs-responds-zero-hedge) ... Odd, maybe he meant that all is back to normal except the reporting of Goldman's trades. Either way, it might very well be time for proactive readers to again contact the two employees publicly disclosed by the NYSE as lead-contacts on the issue. Readers will recall that it was these same two who were previously steadfastly assuring anyone who would listen that there would be no change at all in data reporting.
Robert Airo, Senior Vice President, NYSE Euronext at (212) 656-5663 or
Aleksandra Radakovic, Vice President, NYSE Regulation at (212) 656-4144

Alas, the just released weekly data proves that either theirs was a material misrepresentation of facts, or Goldman simply suddenly decided to stop transacting with the NYSE, or, what would be even more sinister, Goldman notified the NYSE to scrap all their trading data from the prior week. Why would they do that?

Going back to Matt Goldstein's story. In a nutshell, on Friday, one Sergey Aleynikov was arrested at Newark airport by FBI agents, as he was coming back from a trip to Chicago (maybe visiting his new employer), on what are basically industrial espionage charges. Sergey, or Serge as his Linked-In (http://www.linkedin.com/in/aleynikov) account identifies him, was VP of equity strategy over at 85 Broad (or maybe 1 New York Plaza, his detailed Bloomberg Bio page has disappeared) had the following responsibilities at Goldman Sachs according to Linked-In:
• Lead development of a distributed real-time co-located high-frequency trading (HFT) platform.The main objective was to engineer a very low latency (microseconds) event-driven market data processing, strategy, and order submission engine. The system was obtaining multicast market data from Nasdaq, Arca/NYSE, CME and running trading algorithms with low latency requirements responsive to changes in market conditions.
• Implemented a real-time monitoring solution for the distributed trading system using a combination of technologies (SNMP, Erlang/OTP, boost, ACE, TibcoRV, real-time distributed replicated database, etc) to monitor load and health of trading processes in the mother-ship and co-located sites so that trading decisions can be prioritized based on congestion and queuing delays.
• Responsible for development of real-time market feed handlers, order processing engines and trading tools at a Quantitative Equity Trading revenue-making HFT desk.

If the allegations are true, it looks like Goldman's hi-fi quant trading desk was thoroughly penetrated by a "spy", and as readers will recall, Serge(y)'s description of his job duties mirrors what Mr. Ed Canaday conveniently provided to Zero Hedge as a description of Goldman's SLP program (http://www.zerohedge.com/article/goldman-sachs-principal-transactions-update-1-billion-shares-0). (Sources connected with the office of the United States Attorney have confirmed to Zero Hedge that Aleynikov was at one time or another a Goldman employee.").

The plot thickens: per FBI agent Michael McSwain's sworn deposition, Sergey quit a firm described as "Financial Institution" in the affidavit, which according to circumstantial evidence and according to Goldstein is none other than Goldman Sachs, on June 5, at that time earning $400,000 annually. As Matt reports, he proceeded to move to a Chicago firm engaged in "high volume automated trading" where he would make 3x his $400k salary (Hey Getco (http://getcocareers.com/), is it time for a formal release at least denying you guys had anything to do with this, cause if you did it might not look that hot. No matter, we have reached out to our sources in law enforcement to confirm or deny Getco's, and Goldman's, involvement: once we get a response we will immediately advise our readers).

In the 5 days immediately preceeding his departure from "Financial Institution" (potentially GS), Sergey allegedly downloaded 32 megs of ultra top-secret quant trading proprietary code, that, according to Special Agent McSwain's affidavit, he then proceeded to encrypt and upload to a website in Germany, with a UK owner. One can only imagine the value of this "code" not only to Goldman but to the highest bidder. After all, from the affidavit: "certain features of the [code], such as speed and efficiency by which it obtains and processes market data, gives the Financial Institution a competitive advantage among other firms that also engage in high-volume automated trading.The Financial Institution further believes that, if competing firms were to obtain the [code] and use its features, the Financial Institution's ability to profit from the [code]'s speed and efficiency would be significantly diminished." Needless to say, many others are now also likely hot on the trail of the code.
What is probably most notable, in less than a month since Sergey's departure from [Goldman?], the FBI was summoned to task and the alleged saboteur was arrested and promptly gagged: if anyone is amazed by the unprecedented speed of this investigative process, you are not alone. If only the FBI were to tackle cases of national security and loss of life with the same speed and precision as they confront presumed high-frequency program trading industrial espionage cases... especially those that allegedly involve Goldman Sachs.

Now the real question here is, does [GS?] feel lucky? Because the code has supposedly been in the hands of an outsider for over a month, one might suspect that anyone who wanted to has had ample opportunity - if the holder(s) wished to sell... Would that have anything to do with the even weirder than usual market action over the past 2-3 weeks: after all it is the very Goldman Sachs (which may or may not be the target of this program trading industrial espionage) which is the primary SLP on the world's biggest stock exchange.

Another major question: do Goldman and the NYSE not have a fiduciary responsibility to announce to both shareholders and any interested parties if there has been a major security breach in their trading operations? Certainly this seems like a material piece of information: given that program trading accounted for 49% of all NYSE trading last week, and Goldman as recently as one week ago represented about 60% of all principal program trading, will this be called an issue threatening the National Security of the United States. Shouldn't all market participants be aware that there is some rogue code in cyberspace that can be abused by the highest bidder, who very likely will not be interested in proving the efficient market hypothesis? What will happened when said bidder goes about trying to front run none other than the "Financial Institution" [GS]?

The complete affidavit can be downloaded from this post here (http://www.zerohedge.com/sites/default/files/Complaint_--_Aleynikov.pdf), and is also provided Scribed below as this could (and likely should) become a matter of National Security. Zero Hedge will closely monitor this situation from the European hinterland and provide updates as they come. For really interested readers, we recommend tracking any potentially new developments on the forums and message boards over at Wilmott (http://www.wilmott.com/).


http://zerohedge.blogspot.com/2009/07/is-case-of-quant-trading-industrial.html

...und immer wieder GS....das hätte ganz schön in die Hosen gehen können - verdient hätten sie es sicher :rolleyes ....auch interessante Kommentare

lunar
06.07.2009, 10:33
....etwas aus der Astrologen-Ecke ;) ich finde diesen Abschnitt sehr interessant :cool


Weekly Comments for the Week Beginning July 6, 2009 Written by Raymond Merriman

..........

Longer-Term Thoughts

Last week was the USA’s 233rd birthday. It happened either July 2, if you consider the start of the vote for the Declaration of Independence, or July 4, if you consider the time when George Washington was informed of his command to start the Revolutionary War. My preference is the former. And in the study of astrology, the time of the year when the transiting Sun returns exactly to its natal position is known as one’s “solar return.” The theory is that the positions of the planets - for this moment of time - outline the themes and possible conditions for the next year.

This solar return for the 233rd year of USA’s existence is a powerful one. In this chart, the Jupiter-Neptune conjunction falls in the 11th house of Congress. This suggests that Congress can pass pretty much whatever it wants this year. Jupiter and Neptune there show much success, in so far as success is measured by the number of efforts that succeed in getting passed. But Jupiter and Neptune are in a T-square with Venus and Mars (conjunct in Taurus in the first house) and the Moon in Scorpio at the end of the 7th house. These are money signs and very emotional planets. Even though Congress gets its way for much of the next year, there has to be concern about its ability to manage monies well. With Venus, Mars and the Moon all in square to Jupiter and Neptune, this chart does not imply any “self-controls.” To the contrary, it suggests over-estimations and over-sensitivity. In fixed signs, both sides (Republicans and Democrats) are firmly entrenched in their beliefs, and those beliefs are apt to be regarded as “self-righteous” and self-serving by the opposite side. There are apt to be many episodes of “misuse” of funds discovered later on. If one were to try to find one word to describe these signatures in regards to financial matters, it would probably be “wasteful.” Money disappears, and likely cannot be accounted for.

There is one more interesting configuration present in this solar return. It is an “out-of-sign” T-square (yes, a second one) involving Uranus, square to the opposition of Mercury and Pluto. For those who like conspiracy theories, this year offers many. Pluto is what takes place behind the scenes. Pluto involves debt and taxes. Uranus represents sudden surprises, and the tendency to unexpectedly change one’s mind and alter the previously agreed upon plan or promise. This is a case where information can be used for harmful purposes, as in blackmail. So once again, we have to ask the question: who has power over whom? And who can possibly be acceptable to Congress to audit the Federal Reserve Board? This solar return is all about who controls the money and where is it going. If the FED is truly independent, then why does the President hold the power to appoint the chair? And if the FED’s independence is under attack, who or what is the alternative bank? The USA Congress or White House? Will the country’s monetary health be better served by putting its accounts in the hands of the government?

January 2010 is looming ahead. That is when President Barack Obama is due to announce his decision on re-appointing Ben Bernanke as the head of the FRB – or to choose someone else. I think that is when we might see who has the real power in this country. With the solar return Mercury in opposition to Pluto, and the Jupiter-Neptune conjunction being squared by Moon in Scorpio, I think we may see a power play like we have not been seen in a long time. Expect a lot of leaks in the press that portray certain leaders in a very negative light. It may be a very dangerous time for the careers, and even the lives, of many who are involved in this behind the scenes effort involving control of the USA monies.


http://www.mmacycles.com/weekly-preview/mma-comments-for-the-week/weekly-comments-for-the-week-beginning-july-6,-2009/

lunar
06.07.2009, 10:40
Page last updated at 22:10 GMT, Sunday, 5 July 2009 23:10 UK

Coffee 'may reverse Alzheimer's'

http://newsimg.bbc.co.uk/media/images/46005000/jpg/_46005490__45373587_004332710-1-1.jpg A possible treatment for dementia?

Drinking five cups of coffee a day could reverse memory problems seen in Alzheimer's disease, US scientists say.

The Florida research, carried out on mice, also suggested caffeine hampered the production of the protein plaques which are the hallmark of the disease.

Previous research has also suggested a protective effect from caffeine.

But British experts said the Journal of Alzheimer's disease study did not mean that dementia patients should start using caffeine supplements........

full story: http://news.bbc.co.uk/2/hi/health/8132122.stm

...darauf hin schmeckt mir mein Kaffee noch besser :lick:)

lunar
06.07.2009, 12:27
Neues zum Thema „Einlagensicherung"
von Michael Vaupel

Liebe Leserin, lieber Leser,

*** Und noch eine Änderung, die zum Monatsanfang eingetreten ist.

Eine feine Sache:

In der EU hat sich per 30.6. die Einlagensicherung für Spareinlagen (Girokonto, Festgeldkonto, Tagesgeld) erhöht.
Die Europäische Union verlangt von ihren Mitgliedsstaaten nun eine Absicherung von mindestens 50.000 Euro je Sparer, ohne Selbstbeteiligung des Sparers. Zudem soll die Auszahlung im Falle einer Insolvenz nach spätestens 25 Tagen (davon max. 5 Tage zur Feststellung der Insolvenz) erfolgen.

Vorher war es in den einzelnen Mitgliedsstaaten durchaus unterschiedlich, so wurden in Luxemburg z.B. für den Fall einer Bankenpleite nur 20.000 Euro garantiert (interessant, finden Sie nicht?).

In Deutschland war es bis zum 30.6. so: Die gesetzliche Einlagensicherung umfasste Beträge bis 20.000 Euro, bei einer Selbstbeteiligung von 10%.

Darüber hinaus gab und gibt es die schöne Einrichtung des „privaten Einlagensicherungsfonds der Banken", die zusätzlich zur gesetzlichen Einlagensicherung greift und erheblich höhere Beträge garantiert.

*** Ich wiederhole meinen Rat: Legen Sie Ihr Geld nur bei Banken an, welche diesem privaten Einlagensicherungsfonds der Banken angehören.

Das gilt ganz besonders dann, wenn Sie mehr als 50.000 Euro auf der hohen Kante haben. Ob eine Bank dazu gehört und wie hoch die konkrete Sicherung im Einzelfall ist (durchaus veschieden!) können Sie leicht via Internet herausfinden:

Unter diesem Link

https://www.bankenverband.de/html/verband/einlagensicherung.asp?channel=101832

Darüber hinaus gibt es in Deutschland das politische Versprechen, dass der Staat alle Einlagen privater Sparer garantiert. Dieses Versprechen gab auch die österreichische Regierung unseren Brüdern und Schwestern in Österreich.

(Da fällt mir gerade ein: In diesem Zusammenhang Dank an einen „Bruder", Harald K. aus dem Burgenland - möchte da mal hin, gefiel mir auf einer Durchreise sehr gut - für einen flüssigen Apfel.)

Und in der Schweiz (für die die EU-Richtlinie naturgemäß nicht gilt) sind Einlagen bis zu 100.000 Fränkli garantiert.

Noch ein Rat: Wenn Sie mehr als 50.000 Euro Festgeld anlegen möchten, dann teilen Sie den Betrag am besten auf mehrere Institute auf. Und zwar so, dass Sie bei jedem unter der neuen EU-Obergrenze von 50.000 Euro bleiben. Es gibt zwar die unbegrenzte Garantie der deutschen und österreichischen Regierung - aber was wollen wir tun, wenn es wirklich hart auf hart kommt und diese Garantie mit Bedauern zurückgenommen wird? Eben.

Bleiben Sie vorsichtig.

Ihr - Michael Vaupel (Trader's Daily)
http://www.investor-verlag.de/newsletter/td/weiterempfehlen/

lunar
06.07.2009, 12:39
Politicians and bankers should not be allowed in the same room :o

lunar
06.07.2009, 14:28
George Soros: «Meine Prognose für 2009» Teil 1 (finews.ch)
http://www.finews.ch/news/finanzplatz/1355-george-soros-lmeine-progose-fuer-das-jahr-2009r


George Soros: «Meine Prognose für das Jahr 2009» Teil 2 (finews.ch)
http://www.finews.ch/news/finanzplatz/1356-george-soros-lmeine-progose-fuer-das-jahr-2009r-teil-2


George Soros: «Meine Prognose für das Jahr 2009» Teil 3 (finews.ch)
http://www.finews.ch/news/finanzplatz/1357-george-soros-lmeine-progose-fuer-das-jahr-2009r-teil-3

....habe das bis jetzt noch nicht gelesen :rolleyes

lunar
06.07.2009, 14:39
Alt-A? More Like Alt-WTF (http://lolfed.com/2009/07/06/alt-a-more-like-alt-wtf/)

July 6th, 2009 by alyx · fail (http://lolfed.com/category/fail/)

http://lolfed.com/wp-content/uploads/foreclosure-alt-a.jpg

From the “Anyone who says there’s good news in the housing sector is lying to you” department, NYT suggests mortgage modifications are a myth (http://www.nytimes.com/2009/07/05/business/05gret.html):
[Law professor Alan] White found that mortgage modifications peaked in February and have declined in all but one month since. While servicers modified 23,749 loans in these trusts in February, they changed only 19,041 in May and 18,179 in June. This is exactly when servicers were supposed to be responding to the government’s loan modification urgings.

Foreclosures, meanwhile, keep rising. In June, 281,560 were in process, slightly above the 277,847 in May. Last January, there were about 242,000 foreclosures in the pipeline among the Wells Fargo trusts.

“I was hoping we would see some impact in June of the government’s program,” Mr. White said. “Is ‘[Making] Home Affordable’ working? My short answer is no.”

They do suggest the data look slightly better if you consider prime mortgages, which are being modified at a slightly better rate. It’s almost like the banks have finally realized, though, that all the Alt-A, no-doc, my-assets-consist-of-a-1991-Ford-Tempo-and-half-a-pack-of-Orbit-Gum mortgages are a total wash, because no manner of adjusting interest rates downward is going to squeeze several hundred grand worth of blood from that kind of stone, especially over something like a 600sf condo on the South Side of Chicago (sorry, Corus).

Wait, you’re saying, if these loans truly are so far out of whack with property values, maybe the institutions could try to modify the principal, even if there’s no particular incentive to do so built into Making Home Affordable. Could that still be a functional approach as far as, I don’t know, Making Losses Minimal? Maybe:
But the most fascinating, and frightening, figures in the data detail how much money is lost when foreclosed homes are sold. In June, the data show almost 32,000 liquidation sales; the average loss on those was 64.7 percent of the original loan balance.

Here are the numbers: the average loan balance began at almost $223,000. But in the liquidation sale, the property sold for $144,000 less, on average. Perhaps no other single figure shows how wildly the mortgage mania pumped up home prices. It also bodes poorly for the quality of the mortgage-related assets lurking in banks’ books.

“There is 100 times as much money lost in foreclosure sales as there was in writing down balances in modifications,” Mr. White said. “That is not rational economic behavior.”

But who needs rational economic behavior when we have Too Big To Fail, right?

lunar
06.07.2009, 17:15
FROM RUSSIA WITH LOVE (http://www.huffingtonpost.com/2009/07/06/obama-medvedev-meet-in-ru_n_226024.html)
Obama Holding Joint Press Conference With President Medvedev (http://www.huffingtonpost.com/2009/07/06/obama-medvedev-meet-in-ru_n_226024.html)




Quick Read (http://www.huffingtonpost.com/2009/07/06/obama-medvedev-meet-in-ru_n_226024.html) |
Comments (717) (http://www.huffingtonpost.com/2009/07/06/obama-medvedev-meet-in-ru_n_226024.html)
| Russia (http://www.huffingtonpost.com/news/russia)

lunar
06.07.2009, 18:17
Sunday, July 5, 2009

Is A Case Of Quant Trading Sabotage About To Destroy Goldman Sachs? (http://zerohedge.blogspot.com/2009/07/is-case-of-quant-trading-industrial.html)


Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1247162#post1247162)
Bail set at $750,000 for ex-Goldman programmer (http://goldtent.net/wp_gold/2009/07/06/bail-set-at-750000-for-ex-goldman-programmer/)

-> Posted by AuGirl @ 11:56 am on July 6, 2009
NEW YORK (Reuters) - A former Goldman Sachs computer programer accused of stealing secret trading codes from the investment bank was being held in federal custody on Monday, pending the posting of $750,000 bail.

www.reuters.com/article/newsOne/idUSTRE5653U020090706 (http://www.reuters.com/article/newsOne/idUSTRE5653U020090706)

Government Sachs not messing around on this and here’s the guy that stole the code. Eh, the guy’s got talent http://goldtent.net/wp_gold/wp-includes/images/smilies/icon_smile.gif

www.youtube.com/watch?v=hJQ9PyA3TMo (http://www.youtube.com/watch?v=hJQ9PyA3TMo)




...schade um ihn :(

lunar
06.07.2009, 18:22
McNamara dies, career haunted by Vietnam war

Mon Jul 6, 2009 10:56am EDT

http://www.reuters.com/resources/r/?m=02&d=20090706&t=2&i=10756732&w=192&r=2009-07-06T143012Z_01_BTRE56514AI00_RTROPTP_0_USA-MCNAMARA (http://javascript%3Cb%3E%3C/b%3E:launchArticleSlideshow%28%29;)
By Charles Aldinger (http://blogs.reuters.com/search/journalist.php?edition=us&n=Charles.Aldinger)

WASHINGTON (Reuters) - Former Defense Secretary Robert McNamara died on Monday aged 93. He will be remembered most as the leading architect of America's involvement in the Vietnam War.

"His age just caught up with him," his wife Diana told Reuters. "He was not ill. He died peacefully in his sleep." (....was man von den vielen Vietnam-Toten wohl nicht sagen konnte :(:gomad)


McNamara also forged brilliant careers in industry and international finance, but his painful legacy remains Vietnam.

More than anyone else except possibly President Lyndon Johnson, McNamara became to anti-war critics the symbol of a failed policy that left more than 58,000 U.S. troops dead and the nation bogged down in a seemingly endless disaster in Southeast Asia.

Pundits came to call the conflict "McNamara's War."....

full story: http://www.reuters.com/article/newsOne/idUSTRE56531C20090706

lunar
07.07.2009, 09:13
http://pix.sueddeutsche.de/home/ressort/animg_0_1246947451_image_toptopthema_0_32926.jpg (http://www.sueddeutsche.de/finanzen/93/479582/text/) Deutschlands Banken am Abgrund (http://www.sueddeutsche.de/finanzen/93/479582/text/)

Knapp am worst case vorbeigeschrammt: Eine Pleite der Hypo Real Estate im vergangenen Herbst hätte das gesamte deutsche Finanzsystem mit nach unten gerissen. Das geht aus einem Krisen-Protokoll hervor, das der Süddeutschen Zeitung exklusiv vorliegt. Von Claus Hulverscheidt, Berlin maskLink('/finanzen/93/479582/text/', ',tt2m1', '15');mehr ... (http://www.sueddeutsche.de/finanzen/93/479582/text/)

.....Das Protokoll dürfte auch im HRE-Untersuchungsausschuss des Bundestags eine wichtige Rolle spielen, denn es liefert beiden Seiten Munition: So wird einerseits der Vorwurf der Opposition belegt, dass Finanzstaatssekretär Jörg Asmussen (http://www.sueddeutsche.de/finanzen/599/477096/text/) erst nach Frankfurt reiste, als bereits feststand, dass der Bund zahlen muss. Andererseits zeigt das Papier, dass Asmussen hart verhandelte und alle Entscheidungen am Ende von Kanzlerin Angela Merkel und Steinbrück getroffen wurden. Zudem wird deutlich, dass auch Weber und Bafin-Chef Jochen Sanio Bundeshilfen für unumgänglich hielten und dass das Finanzministerium entgegen allen Vorwürfen das gesamte Wochenende im Bilde war.




Sonderprüfung bei HRE - Milliarden-Desaster mit teuren Folgen (http://www.sueddeutsche.de/finanzen/426/476933/text/)
Meinung - Neuer Name, alte Probleme (http://www.sueddeutsche.de/finanzen/327/476835/text/)
HRE: Der Fall Asmussen - Helfer am Pranger (http://www.sueddeutsche.de/finanzen/599/477096/text/)


:rolleyes

lunar
07.07.2009, 09:15
BLUTIGE UNRUHEN IN CHINA

"Sie haben unsere Männer und Söhne verhaftet" (http://www.spiegel.de/politik/ausland/0,1518,634670,00.html)

Die Gewalt in Chinas Unruheprovinz Xinjiang geht weiter: Hunderte uigurische Demonstranten lieferten sich erneut Auseinandersetzungen mit der Polizei. Peking geht mit aller Härte vor. Mehr als 1400 Protestler wurden verhaftet. Aus Ürümqi berichtet Andreas Lorenz mehr... (http://www.spiegel.de/politik/ausland/0,1518,634670,00.html) [ Video (http://www.spiegel.de/video/video-1010935.html) | Forum (http://forum.spiegel.de/showthread.php?t=7794) ]

:(:mad

lunar
07.07.2009, 09:33
Posted on Monday, July 6, 2009
Commentary: Galloway on McNamara: Reading an obit with great pleasure

By Joseph L. Galloway | McClatchy Newspapers

"I have never killed a man, but I have read many obituaries with great pleasure." —Clarence Darrow (1857–1938)

Well, the aptly named Robert Strange McNamara has finally shuffled off to join LBJ and Dick Nixon in the 7th level of Hell.

McNamara was the original bean-counter — a man who knew the cost of everything but the worth of nothing.........

full story: http://www.mcclatchydc.com/homepage/story/71328.html

....einer der Kommentare:
http://pluck.mcclatchydc.com/ver1.0/Content/images/no-user-image.gif JoeyTranchina (http://www.mcclatchydc.com/personas?plckUserId=b28cc687a4cec981b30aeda1a74d657d-23191&insiteUserId=b28cc687a4cec981b30aeda1a74d657d-23191) wrote on July 7, 2:20 AM:
What a satisfying commentary on the death of a man who can now take his place among the greatest war-mongers and liars in history. McNamara's major achievement after the Edsel Ford and the Viet Nam War was his inability to conceal the bloody consequences of his incompetence. Even though he spent the remainder of his arrogant life spreading manure over the graves of his victims, Robert McNamara could never concoct enough cowardly lies to cover the stench.

Anyone who thinks this is petty, doesn't get it. Robert McNamara, as much as any singe human being, was responsible for the decimation of a generation of Americans; my generation. To all those who went and didn't come back; to those who came back and were never the same; to those who cared for the wounded and the damaged, this is a great day.

Please, send a copy of this obit to DickCheney.

lunar
07.07.2009, 13:56
Always Feel Like, Deutsche Is Watching Me… (http://lolfed.com/2009/07/06/i-always-feel-like-deutsche-is-watching-me/)

July 6th, 2009 by alyx · all ur bankz (http://lolfed.com/category/all-ur-bankz/)

http://lolfed.com/wp-content/uploads/deutsche-spies.jpg

As far as badges of honor go, I think being so much of a thorn in a bank’s side that they’ll watch your every move and even try to ply you with hookers in order to discredit you (http://www.spiegel.de/international/business/0,1518,634561,00.html) is meritorious of one, for sure. And that’s what Deutsche Bank apparently did to Gerald Herrmann and Michael Bohndorf:
An investigation commissioned by Deutsche Bank has revealed that Germany’s largest bank spied on several of its management board members, supervisory board members and on at least one shareholder. The 150-page report was prepared by legal firm Cleary Gottlieb Steen & Hamilton.

Leading executives at the bank hired external “specialists” to solve their security problems — some of them real, some of them imagined — and those specialists in some cases resorted to dubious methods.

Gerald Herrmann, an official from the Ver.di services union who had a seat on Deutsche Bank’s supervisory board at the time, was suspected in 2001 of having leaked the bank’s third-quarter results to the Reuters news agency. The Corporate Security department reacted by hiring external detectives to monitor him.

At first the bank had only admitted comparing travel data such as hotel stays to establish a link between Herrmann and a Reuters reporter. But it’s now clear that the snooping operations went much further in some cases.

Herrmann and his attorney Bohndorf were suspected of giving the q3 2001 results to Munich media magnate (say that three times fast - it’s fun) Leo Kirch. Bohndorf’s always been a little pesty to Deutsche management, having the gall to ask questions in shareholders meetings and whatnot, when he’s not partying in Ibiza. So they would’ve relished the opportunity to take him down, and try they did:
The investigators compiled detailed reports on his movements and even looked into whether he had any personal weaknesses: alcohol, gambling, women? One insider reports that the agency resorted to hiring women to test him.

We at LOLFed like most of these things, but we also have no shame. Thus, efforts to discredit us would be worthless, but please don’t let that dissuade you from attempting to distract us from our mission with copious quantities of vodka and The Hangover-style Vegas junkets. In all seriousness, though, this kind of activity probably violated numerous laws, was likely ordered by the Chairman or CEO, and that makes this almost as horrifying as Tinsley and Topper filing for divorce. Next time you want to know who leaked some info, think ahead of time to pull the old “every copy has a different word misspelled” trick or something, and leave the espionage to other folks (http://www.mirror.co.uk/news/top-stories/2009/07/05/facebook-bungle-spy-and-others-caught-out-by-postings-on-social-networking-site-115875-21497418/).

....jetzt auch beim Ami-Blog gelandet :o

lunar
07.07.2009, 17:02
;)

vlRIF6deHzk&eurl

lunar
07.07.2009, 17:56
(https://www.kitcomm.com/member.php?u=13182) bullau (https://www.kitcomm.com/member.php?u=13182)

No more green shoots
Good interview for once from economist David Rosenberg on CNBC:

http://www.cnbc.com/id/15840232?video=1174022453&play=1

http://www.cnbc.com/id/15840232?video=1174036163&play=1


....hab mir alles angehört und finde :supi was er sagt

lunar
07.07.2009, 21:44
http://i2.cdn.turner.com/cnn/2009/SHOWBIZ/Music/07/07/michael.jackson.wrap/t1wide.mj.mem.30.aeglive.jpg (http://edition.cnn.com/2009/SHOWBIZ/Music/07/07/michael.jackson.wrap/index.html)

Jackson family takes stage for farewell (http://edition.cnn.com/2009/SHOWBIZ/Music/07/07/michael.jackson.wrap/index.html)

Michael Jackson's rose-draped, golden casket is placed on the stage at his memorial as a choir sings and millions of grieving fans say goodbye to the King of Pop. After performances by a star-studded lineup, family members, children and performers took the stage for a rendition of "Heal the World." full story (http://edition.cnn.com/2009/SHOWBIZ/Music/07/07/michael.jackson.wrap/index.html)





Videos from Michael Jackson's memorial (http://edition.cnn.com/2009/SHOWBIZ/Music/07/07/jackson.memorial.videos/index.html)
Memorial details: Participants, map (http://edition.cnn.com/2009/SHOWBIZ/Music/07/07/michael.jackson.wrap/index.html#cnnSTCOther1)
Timeline (http://edition.cnn.com/2009/SHOWBIZ/Music/07/07/jackson.timeline/index.html) | Fans (http://edition.cnn.com/2009/SHOWBIZ/06/30/jackson.remembered.irpt/index.html) | Hits (http://edition.cnn.com/2009/SHOWBIZ/Music/06/25/michael.jackson.legacy/index.html#cnnSTCOther1) | Quiz (http://edition.cnn.com/2009/SHOWBIZ/Music/06/26/jackson.quiz/) | Blogs (http://inthefield.blogs.cnn.com/category/michael-jackson/)


Michael Jackson remembered (http://edition.cnn.com/SPECIALS/2009/michael.jackson.remembered/)
Time: Places to honor Jackson's memory (http://edition.cnn.com/time/photogallery/0,29307,1908945,00.html)
iReport.com: How are you honoring MJ today? (http://www.ireport.com/ir-topic-stories.jspa?topicId=282680)

lunar
07.07.2009, 22:23
«Sozialismus für Reiche»

Joseph Stiglitz nimmt kein Blatt vor den Mund. In einem Artikel in der «Berkeley Electronic Press» kritisiert der Wirtschaftsnobelpreisträger den seiner Meinung nach zu zimperlichen Umgang der Obama-Administration mit der Finanzbranche heftig. Seiner Meinung nach ist die Gefahr sehr gross, dass die Krise für die Banker zu keinerlei Verhaltensänderung führen wird und Probleme wie heute jederzeit wieder eintreten können...

Für den bereits für seine kritischen Bücher zur Globalisierung bekannten Ökonomen wurden schlicht die Regeln der Marktwirtschaft umgeschrieben: Jetzt erhielte ausgerechnet jene die grosszügigste Unterstützung, die am meisten Unglück über die ganze Weltwirtschaft gebracht haben. Besonders stossend findet er zuden, dass selbst die Vergabe von Boni und Dividenden in dieser Branche wieder voll in Gang gekommen ist. Stiglitz spricht deshalb von einer Art «Ersatz-Kapitalismus»: Mit Gewinnen für die Banker und den Verlusten für die Steuerzahler. Mit dem Geld, dass die Banken gratis von der Zentralbank erhalten, könnten sie zudem ihr Spiel wie gehabt ungestraft fortzusetzen.
...

«Es ist nötig, dass wir die Banken aufbrechen, die als zu gross gelten, um unterzugehen», fordert er. Sein Urteil über die Grossbanken fällt gnadenlos aus: «Es gibt keinerlei Hinweis darauf, dass sie einen gesellschaftlichen Nutzen erbringen, der den Kosten entspricht, die sie anderen aufbürdenhttp://www.stock-channel.net/stockselect/stock-board/images/smilies/berty.gif». Seine Forderung ist daher nur konsequent: «Wenn wir sie nicht aufbrechen können, müssen wir sie stark in ihren Geschäften einschränken. Sie dürfen nicht länger auf Kosten von anderen ihr Spiel treiben».

...

http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Sozialismus-fuer-Reiche/story/13441817



Bundespräsident und Finanzminister Hans-Rudolf Merz geht davon aus, dass es im Steuerstreit der UBS mit den USA zu einem aussergerichtlichen Vergleich kommen könnte. Er kann sich vorstellen, dass die Grossbank die Steuerschulden derjenigen amerikanischen Kunden zahlt, die mit Hilfe der UBS hinterzogen wurden.

http://www.nzz.ch/nachrichten/wirtschaft/aktuell/usa_ubs_vergleich_merz_ratschlag_1.2941140.html


Der Stiglitz soll froh sein, dass er nicht in der Schweiz lebt, sonst liefe er als Steuerzahler Gefahr, nicht nur für den Müll der Banker, sondern zusätzlich auch noch für die Steuerschulden amerikanischer Steuerhinterzieher aufkommen zu müssen.http://www.stock-channel.net/stockselect/stock-board/images/smilies/wallbash.gif Wie auch immer, gut gibts Gold. :rolleyes

Zum Original-Beitrag (http://showthread.php3?p=1247589#post1247589)
...mir fehlen die Worte :rolleyes :dumm :kopf

lunar
08.07.2009, 08:59
08 July 2009

John Merriwether to Close Hedge Fund After Heavy Losses (http://jessescrossroadscafe.blogspot.com/2009/07/john-merriwether-to-close-fund-after.html)


The markets are brutal indeed for speculation, with a few predatory institutions, well supplied with freshly minted central bank liquidity, preying the markets with high frequency programs designed to manipulate prices, squeezing the leverage out of funds and speculators.

The marvel is not that a professional like John Merriwether has failed again, although less spectacularly this time as compared to the great flameout that was LTCM.

The marvel is that people, including the wealthy and presumably sophisticated, continue to give their funds to gamblers and ponzi dealers.

Even more amazing how the people continue to allow their economies to be so thoroughly distorted and perverted by the corrupting influence of a relatively few but powerful market participants from the financial sector.

"While boasting of our noble deeds we're careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery." Horace Greeley The banks must be restrained, and the markets reformed, and balance restored to the economy before a sustained recovery can be achieved.

A good first step would be an independent audit of the Federal Reserve. And a second would be aggregate position limits on all commodities and traded financial instruments with disclosure. A third would be the aggressive abolition of naked shorting.


Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=aU2YYpahTt0w)
Meriwether Said to Shut Hedge Fund; London Chief Plans Startup
By Katherine Burton and Saijel Kishan
July 7, 2009 21:41 EDT

July 8 (Bloomberg) -- John Meriwether plans to shut the hedge fund he started after the collapse of his Long-Term Capital Management LP in 1998 roiled global markets, according to a person familiar with the matter.

Long-Term Capital lost more than 90 percent of its $4.8 billion of assets in the weeks following Russia’s currency devaluation and bond default. The Federal Reserve orchestrated a $3.6 billion bailout by the fund’s 14 banks to calm fears that the firm’s lenders and trading partners would be dragged down.

The decline of Meriwether’s current firm, JWM Partners LLC, played out over months, with its main fund losing 44 percent from September 2007 to February 2009. The Relative Value Opportunity II fund, which sought to profit from price differences among related bonds, returned an average of 1.46 percent a year since it began trading Nov. 30, 1999. The Credit Suisse/Tremont Hedge Fixed-Income Arbitrage Index gained 2.4 percent a year in the same period.......

Posted by Jesse at 12:27 AM (http://jessescrossroadscafe.blogspot.com/2009/07/john-merriwether-to-close-fund-after.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4746055415870646928) :verbeug

lunar
08.07.2009, 09:06
HRE-RETTUNG

Kaltblütiger Schacher im Angesicht des Abgrunds (http://www.spiegel.de/wirtschaft/0,1518,634872,00.html)

Dramatische Stunden im Herbst: Drei Tage lang standen die deutschen Banken vor dem Kollaps. Ein BaFin-Protokoll macht nun erstmals klar, wie verbissen Banken und Bund um die Rettung der Hypo Real Estate schacherten - und um die Frage, wer sie zahlen soll. Von Markus Dettmer mehr... (http://www.spiegel.de/wirtschaft/0,1518,634872,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7818&goto=newpost) ]

:rolleyes

lunar
08.07.2009, 09:25
View from the Markets (http://www.ft.com/vftm)

http://media.ft.com/cms/5b799a3e-e7b8-11dd-b2a5-0000779fd2ac.jpg (http://www.ft.com/vftm) Hugh Hendry at Eclectica Asset Mgmt on concerns about deflation

....er lag oft richtig :rolleyes


(http://www.ft.com/vftm)

lunar
08.07.2009, 10:36
Sacha Baron Cohen On Letterman: Cohen Describes How "Bruno" Got To Interview A Real Terrorist (VIDEO) (http://www.huffingtonpost.com/2009/07/07/sacha-baron-cohen-on-lett_n_227465.html)

First Posted: 07- 7-09

Sacha Baron Cohen, the British comedian behind "Bruno," went on the "Late Show" as himself (for a change) tonight to discuss making the highly-anticipated film. Among one of the more challenging aspects, he related, was figuring out how to set up a situation in which Bruno could interview a real terrorist.

Cohen and his team called to a "contact" they had at the CIA to help them out. The contact proved unhelpful, but, as Cohen relates, he was able to track one down anyway and sat down in the West Bank with the leader of the al-Aqsa Martyrs' Brigades.


Qk2oee2kjT8&eurl

************************

«Brüno», der Film – Intimrasuren und zu viele Süssigkeiten

Von Michèle Binswanger. Aktualisiert am 02.07.2009 5 Kommentare (http://bazonline.ch/kultur/kino/Brueno-der-Film--Intimrasuren-und-zu-viele-Suessigkeiten/story/30838635#kommentar)


Wer von der PR-Kampagne noch nicht genug hat, kann sich im Kino knapp 80 Minuten ab «Brüno» schlapp lachen. Im Abgang wirkt der Film allerdings etwas überladen.

http://files.newsnetz.ch/bildlegende/22673/03.jpg
1/7 Brünos Interviewtechnik ist grandios - trotzdem...........

http://bazonline.ch/kultur/kino/Brueno-der-Film--Intimrasuren-und-zu-viele-Suessigkeiten/story/30838635

lunar
08.07.2009, 15:40
GIPFEL-ORT L'AQUILA

"Yes, we camp" (http://www.spiegel.de/panorama/gesellschaft/0,1518,635020,00.html)

Großes Kino zwischen Trümmern: Gutgelaunt empfängt Italiens Premier Berlusconi die Mächtigen der Welt - in einer Kaserne der Erdbebenstadt L'Aquila. Die mehr als 50.000 Obdachlosen verkommen zu Randfiguren, einzig Gast Gaddafi zeigt sich solidarisch. Er übernachtet im Beduinenzelt. Von Alexander Smoltczyk, Rom mehr... (http://www.spiegel.de/panorama/gesellschaft/0,1518,635020,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7806) ]




http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifGipfelanalyse: Krisenbewältigung im Katastrophengebiet (http://www.spiegel.de/wirtschaft/0,1518,634817,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifGipfel in L'Aquila: Leichte Erdbeben erschüttern G-8-Region (http://www.spiegel.de/wirtschaft/0,1518,635056,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifGipfel in L'Aquila: G8 hoffen auf Durchbruch beim Klimaschutz (http://www.spiegel.de/wirtschaft/0,1518,634949,00.html)

lunar
08.07.2009, 15:56
CIAO! OBAMA JOINS WORLD LEADERS IN ITALY (http://www.huffingtonpost.com/2009/07/08/g8-summit-world-leaders-a_n_227550.html)

http://images.huffingtonpost.com/gadgets/slideshows/1972/slide_1972_26003_large.jpg


http://www.huffingtonpost.com/images/v/slideshow/nav_left.gif (http://www.huffingtonpost.com/#)
• (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#)
US President Barack Obama (L) and Italian Prime Minister Silvio Berlusconi :rolleyes greet one another on the first day of the Group of Eight (G8) summit in L'Aquila, central Italy, on July 8, 2009. Group of Eight leaders kick off talks today on issues ranging from the global financial crisis to climate change to the situations in Iran and Xinjiang, China.

lunar
08.07.2009, 16:00
UNRUHEN IN XINJIANG

China droht Rädelsführern mit Todesstrafe (http://www.spiegel.de/politik/ausland/0,1518,635067,00.html)

http://www.spiegel.de/img/0,1020,1581744,00.jpg (http://www.spiegel.de/politik/ausland/0,1518,635067,00.html)AFP

Der Konflikt zwischen Han-Chinesen und Uiguren in der Unruheprovinz Xinjiang spitzt sich weiter zu: Der Kommunistenchef der Provinzhauptstadt Ürümqi will die Verantwortlichen der Proteste hinrichten lassen - es gebe bereits mehrere Festnahmen. Der Weltkongress der Uiguren berichtet von Greueltaten. mehr... (http://www.spiegel.de/politik/ausland/0,1518,635067,00.html) [ Video (http://www.spiegel.de/video/video-1011168.html) | Forum (http://forum.spiegel.de/showthread.php?t=7794) ]




http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifUnruhe-Provinz Xinjiang: Exil-Uigurin Kadeer wirft China Rassismus vor (http://www.spiegel.de/politik/ausland/0,1518,635016,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifWest-China: Tausende Soldaten und Polizisten strömen in Unruheprovinz (http://www.spiegel.de/politik/ausland/0,1518,634940,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifUnruhen in Xinjiang: Chinas Präsident sagt Teilnahme an G-8-Gipfel ab (http://www.spiegel.de/politik/ausland/0,1518,634916,00.html)

lunar
08.07.2009, 16:07
http://img18.myimg.de/4e1540.jpg :rolleyes

lunar
08.07.2009, 16:11
:thanx @Eldo

_18t2_XvZRA&eurl

:rolleyes :nw

lunar
08.07.2009, 21:41
Heads Will [Likely Not] Roll (http://lolfed.com/2009/07/08/heads-will-likely-not-roll/)

July 8th, 2009 by Jason · all ur bankz (http://lolfed.com/category/all-ur-bankz/), fail (http://lolfed.com/category/fail/)


http://lolfed.com/wp-content/uploads/ripciti.jpg

What’s a better way than beefed-up regulation to prevent mischief by banks and their employees? Making it a crime to engage in business practices that destroy a bank (http://www.businessinsider.com/the-worst-idea-of-the-week-bankslaughter-2009-7). Hooray!

Paul Collier, a very silly person at UK’s Guardian, has proposed a completely sane and workable new class of crime, to be known as “bankslaughter” (it’s like manslaughter, see, except with banks instead of people because corporate personhood is both fun and profitable). When a bank fails, an investigation would ensue and the person or persons responsible would be punished with jail or whatever the criminals are getting these days. Chain gangs, maybe? Did those ever come back in style? This is some kind of horrible idea, and the guy who thought of it should be taken out back and beaten with sticks or a sock full of wood screws or something. Clusterstock explains, for the peasantry:
Let’s try to cure his blindness. In the first place, Collier doesn’t seem to have given much thought to the costs of over-deterrence. Bank executives faced with the prospect of a criminal investigation and possible conviction would likely be overly cautious. We’d lose a lot of socially beneficially risk taking by criminalizing bank failure.

There’s also a serious fairness issue. Only those executives whose risky bets blow up get investigated, prosecuted and punished. Those whose bets pay off are untouched. This means that being unlucky in the markets becomes a criminal matter. Criminality becomes a kind of lottery.

Worst of all, can you just imagine the inevitable Law & Order spinoff? Jesus, that show is boring enough when it involves sexy crimes like murder, having to sit through an hour of the danger-filled world of forensic accounting might actually be the death-knell of broadcast television. The police are on the scene, in a dimly-lit office, papers strewn about as if to suggest a struggle - a struggle of conscience, perhaps - and the two leads (Sam Neill and Laura Dern, reunited from Jurassic Park, in my pretend world) are engaged in a conversation absolutely dripping with sexual tension, like you wish they would just throw down on the plushly carpeted floor and get it on right THERE in a writhing mass of weird accent and nepotism, if you actually had any desire to see any more of Laura Dern than you already have to. A beat cop off in a corner sifting through some rubble pipes up, “Sir? I think I’ve found something. You’re gonna want to see this.” Sam walks over to the crowd of officers hunched over something on the floor. Slowly, he parts the sea of blue uniforms to reveal…a junk CDO. *L&O noise* Cut to commercial.

Quite apart from that horror, Jon posits that it might actually make the boom-and-bust cycle of our economy lean more towards the bust than the boom.
Bankslaughter would also be pro-cyclical. As failures multiply during an economic downturn and prosecutors begin to launch bankslaughter investigations, banks would be reign [sic] in their own risk-taking. If you think the credit crunch is bad now, imagine how much worse it would be if Jamie Dimon thought he might go to jail for allowing his bankers to authorize loans to consumers and business already burdened with debt.

All I have to say to that is that if Jamie Dimon commits a crime, he does not go to jail. When jail commits a crime, it goes to Jamie Dimon.

And remember, you can’t spell “bankslaughter” without “laughter”.

lunar
08.07.2009, 22:06
Goldman And Morgan Have The Most To Lose In New CFTC Regulations (GS, MS)

Jay Yarow (http://www.businessinsider.com/jay-yarow)|Jul. 8, 2009, 11:37 AM

http://static.10gen.com/www.businessinsider.com/%7E%7E/f?id=49a2d60f796c7a0b00b40483&maxX=310&maxY=232&ctxt=www2009-07-07-02-47aef425db363b14dfd79385e902041cd76c659d


If the CFTC can sucessfully push through its anti-speculation regulations it would hurt Goldman and Morgan Stanley the most, Bloomberg reports (http://bloomberg.com/apps/news?pid=20601072&sid=aUHZ0H2Pqtr4).

The CFTC plans to review exemptions to trading limits that since the 1990s allowed Goldman and Morgan to build multibillion-dollar ventures in futures, swaps and over-the- counter markets.

“They’re very significant swaps participants, and they’re very significant dealers for over-the-counter swaps in the commodities market,” said Dan Waldman, former general counsel of the CFTC and a senior partner at Arnold & Porter LLP in Washington. “If their ability to do some of that business was limited, they’d have to find other ways to reduce their risk or reduce the size of their commodity swaps books.”......

full story: http://www.businessinsider.com/goldman-and-morgan-have-the-most-to-lose-in-new-cftc-regulations-2009-7

If :rolleyes es würde doch nicht etwa die Richtigen treffen :rolleyes

lunar
08.07.2009, 22:16
08 July 2009

Reminder: Reverse Splits in the Triple Leverered Financial ETFs After the Close Today (http://jessescrossroadscafe.blogspot.com/2009/07/reminder-reverse-splits-in-leverered.html)


http://4.bp.blogspot.com/_H2DePAZe2gA/SlT4-sofutI/AAAAAAAAJW4/VNY5FkC0Iiw/s400/playa.JPG (http://4.bp.blogspot.com/_H2DePAZe2gA/SlT4-sofutI/AAAAAAAAJW4/VNY5FkC0Iiw/s1600-h/playa.JPG) For all you big money playas.

DIREXION SHARES ETF TRUST

Direxion Daily Financial Bull 3X Shares
Direxion Daily Financial Bear 3X Shares

Supplement dated June 26, 2009

The Board of Trustees of Direxion Shares ETF Trust has approved reverse splits of the issued and outstanding shares of both the Direxion Daily Financial Bull 3X Shares (FAS)(“Financial Bull Fund”) and Direxion Daily Financial Bear 3X Shares (FAZ) (“Financial Bear Fund”).

After the close of the markets on July 8, 2009 (the “Record Date”), the Financial Bull Fund will effect a one for five reverse split of its issued and outstanding shares and the Financial Bear Fund will effect a one for ten reverse split of its issued and outstanding shares. As a result of these reverse splits, every five shares of the Financial Bull Fund will be exchanged for one share and every ten shares of the Financial Bear Fund will be exchanged for one share.

Accordingly, the number of the Financial Bull Fund and Financial Bear Fund’s issued and outstanding shares will decrease by approximately 80% and 90%, respectively. In addition, the per share net asset value (“NAV”) and next day’s opening market price of each the Financial Bull Fund and the Financial Bear Fund will be approximately five-times higher and ten-times higher, respectively. Shareholders of record on the Record Date will participate in the reverse splits. Shares of the Financial Bull and Financial Bear Funds will begin trading on NYSE Arca, Inc. (“NYSE Arca”) on a split-adjusted basis on Thursday, July 9, 2009 (the “Effective Date”).

The next day’s opening market value of the Financial Bull and Financial Bear Funds’ issued and outstanding shares, and thus a shareholder’s investment value, will not be affected by the reverse splits.

Posted by Jesse at 2:59 PM (http://jessescrossroadscafe.blogspot.com/2009/07/reminder-reverse-splits-in-leverered.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1442074156855855545) :verbeug

lunar
08.07.2009, 22:58
:rolleyes ...es tötet sich wohl noch leichter, wenn man in den USA hockt und mit dem Joystick "lenkt" :(:mad:dumm

Suspected US Drones Kill At Least 45 In Pakistan (http://www.huffingtonpost.com/2009/07/08/us-drones-kill-8-in-pakis_n_227682.html)

http://images.huffingtonpost.com/gen/91294/thumbs/s-PAKISTAN-large.jpg (http://www.huffingtonpost.com/2009/07/08/us-drones-kill-8-in-pakis_n_227682.html)





Quick Read (http://www.huffingtonpost.com/2009/07/08/us-drones-kill-8-in-pakis_n_227682.html) |
Comments (106) (http://www.huffingtonpost.com/2009/07/08/us-drones-kill-8-in-pakis_n_227682.html)
| Pakistan (http://www.huffingtonpost.com/news/pakistan)

lunar
08.07.2009, 23:04
08.07.09, 11:49

Durchbruch :rolleyes

Menschliches Sperma aus dem Reagenzglas

Wissenschaftler in Großbritannien berichten von einem Durchbruch: Erstmals sei es gelungen, menschliches Sperma im Reagenzglas herzustellen. Nun könne man weitergehen und versuchen, Gründe für männliche Unfruchtbarkeit zu verstehen. Sperma-Biologe Allen Pacey äußerte Zweifel an der Studie......

ganzer Artikel: http://www.focus.de/wissen/wissenschafts-meldungen/durchbruch-menschliches-sperma-aus-dem-reagenzglas_aid_415135.html

:dumm

lunar
09.07.2009, 08:47
DDR-VERGANGENHEIT

Tausende Ex-Stasi-Spitzel im Öffentlichen Dienst (http://www.spiegel.de/politik/deutschland/0,1518,635159,00.html)

Die Zahl ehemaliger Stasi-Mitarbeiter in deutschen Behörden ist offensichtlich größer als bislang bekannt. Rund 17.000 frühere Beschäftigte des DDR-Ministeriums für Staatssicherheit sollen im Öffentlichen Dienst ostdeutscher Landesverwaltungen geblieben sein - trotz Prüfungen. mehr... (http://www.spiegel.de/politik/deutschland/0,1518,635159,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7142) ]




:Prost :bad

lunar
09.07.2009, 09:28
9. Juli 2009, 06:18, NZZ Online

Muskelspiele im Rechtsstreit gegen die UBS in den USA

Richter fordert Aussage zu möglicher Beschlagnahme von UBS-Teilen

Die US-Regierung muss bis am kommenden Sonntag mitteilen, wie weit sie im Konflikt mit der Schweiz über die amerikanische Klage gegen die UBS gehen will. Insbesondere soll die US-Regierung Auskunft darüber geben, ob sie zur Zwangsverwaltung der UBS oder zur Beschlagnahmung der Vermögenswerte der Schweizer Grossbank in den USA bereit wäre.

(sda) Im Rechtsstreit gegen die UBS wird schweres Geschütz aufgefahren. Der Bundesrat hat der Bank die Herausgabe von 52'000 Kundendaten verboten. Der zuständige Richter will deshalb Klarheit über eine allfällige Beschlagnahme von Geschäftsteilen der UBS durch die US-Regierung....

.......Notfalls zum Konflikt bereit :rolleyes Der Bundesrat liess erkennen, dass er bereit ist zum Schutz der UBS notfalls auch einen zwischenstaatlichen Konflikt mit den USA zu riskieren. Bundesrat und UBS setzen jedoch weiterhin auf eine aussergerichtliche Einigung. Er gehe davon aus, dass es einen Vergleich geben werde, hatte Bundespräsident Hans-Rudolf Merz am Dienstag erklärt....(ist das nicht etwas sehr naiv :rolleyes:confused aber man weiss ja nie was für Kohle alles bewegt wird :o)


ganzer Artikel: http://www.nzz.ch/nachrichten/medien/ubs_usa_1.2964931.html

...vielleicht sollte die UBS einen ex-GSler oder entsprechenden Gesinnungsbruder an die Spitze setzen - der Konflikt wäre sicher bald gelöst :ironie



....zum gleichen Thema ein Kommentar eines Blick Lesers (darf man natürlich nicht ernst nehmen - musste trotzdem lachen ;)):


Hans Meier, Wollerau - 08:40 | 09.07.2009
http://is.blick.ch/bch/img/raquo-black.gif Der soll doch die Bank in den USA beschlagnahmen und die 32'000 Mitarbeiter übernehmen denn so sind wir ein grosses Problem los! Danke!

lunar
09.07.2009, 09:48
Was sich ab Juli ändert

Krumme Gurken, Kfz-Steuer, Rentenerhöhung: Ab Juli gibt es für die Bürger etliche Neuerungen.
In die Obst- und Gemüsetheken Europas werden wieder alte Bekannte Einzug halten, denn krumme Gurken und Möhren sind wieder erlaubt. Insgesamt streicht die EU Vermarktungsnormen für 26 Erzeugnisse, darunter auch Knoblauch, Blumenkohl und Melonen.

...und weiter ---> http://www.wiwo.de/politik/galerien/was-sich-ab-juli-aendert-591/krumme-gurken-181779.html


....wenn man bedenkt was da so ausgebrütet wird/wurde und was diese Gehirnakrobatik gekostet hat :dumm man sollte denen die Gurken und Melonen um die Ohren hauen :o

lunar
09.07.2009, 10:03
Unternehmenssteuern Wie Firmen unter der Reform leiden

Christian Ramthun (Berlin) (http://www.wiwo.de/service/kontakt/kontaktformular.html?email=Christian+Ramthun+%28Berlin%29) 09.07.2009

Eine DIHK-Umfrage deckt auf, wie Firmen unter der Steuerreform leiden.

Eigentlich sollte die Reform der Unternehmenssteuer die Firmen um fünf Milliarden Euro entlasten. Tatsächlich aber trifft sie Hunderttausende Unternehmen in ihrer Substanz, ergab eine Umfrage des Deutschen Industrie- und Handelskammertages (DIHK). Rund 148.000 Unternehmen sind demnach allein von der geänderten Gewerbesteuer betroffen, können Kosten wie Mieten und Zinsen nicht mehr absetzen. Nach Ansicht von DIHK-Steuerfachmann Alfons Kühn verstößt die große Koalition damit „gegen den Grundsatz, dass Unternehmen mit höheren Gewinnen auch mehr Steuern zahlen als solche mit geringerer Leistungsfähigkeit“.....

ganzer Artikel: http://www.wiwo.de/politik/wie-firmen-unter-der-reform-leiden-401922/

...zu Tode reformen :confused:rolleyes

lunar
09.07.2009, 10:07
Staatlicher Ausgabenrausch

Abwrackprämie

5 Milliarden Euro gibt die Regierung für die Abwrackprämie aus, um die Deutschen zum Autokauf zu animieren. Auf den Schrottplätzen werden jetzt gut erhaltene Autos in die Pressen geschoben. Kleinen Werkstätten gehen Aufträge flöten

Verteidigungministerium

Das Verteidigungsministerium darf für Hunderte Millionen Euro Kasernen sanieren und zum Ärger der Opposition neues Kriegsgerät anschaffen. Auf der Einkaufsliste stehen zum Beispiel zehn gepanzerte Spähwagen, 20 Patrouillenfahrzeuge, 1000 Maschinenpistolen oder fünf Unterwasserdrohnen


http://www.wiwo.de/politik/galerien/staatlicher-ausgabenrausch-536/abwrackpraemie-167389.html

lunar
09.07.2009, 10:16
KALIFORNIENS FINANZPROBLEME MARKIEREN DEN BANKROTT DER DIREKTEN DEMOKRATIE

Im Land der sehr begrenzten Möglichkeiten

Von Walter Niederberger, San Francisco KARIKATUR RJ MATSON/CAGLE CARTOONS

http://epaper3.tagesanzeiger.ch/ee/taz/ges/2009/07/09/007/article2_1.jpg Kalifornien ist ein wunderschöner Staat, mit sehr vielen sehr vermögenden Einwohnern und einer vielseitigen, innovativen Wirtschaft. Kalifornien ist nicht nur Hollywood oder Silicon Valley, es ist auch jener US-Bundesstaat mit dem grössten Agrarbereich. Und dennoch lastet der «Golden State» heute wie ein Bleigewicht auf Amerika: Die extreme Verschuldung und die totale Lähmung des Politsystems drohen die Rezession des ganzen Landes zu verlängern und zu vertiefen.

Wer am lebenden Politkörper studieren will, wie direkte Demokratie nicht funktionieren kann und darf, ist in Sacramento am richtigen Ort. Nirgendwo sonst hat ein Parlament sein Hoheitsgebiet in eine so ausweglose Situation manövriert, und nirgendwo sonst sind einem Gouverneur mehr die Hände gebunden als in der Hauptstadt Kaliforniens. Arnold Schwarzenegger hat Recht, wenn er von einem völlig dysfunktionalen Politsystem spricht. Der gesetzgeberische Prozess gibt den Parlamentariern null Anreiz, Lösungen über die Parteigrenzen hinweg zu suchen. Im Gegenteil: Wer sich auf die andere Seite zubewegt, läuft Gefahr, von den eigenen Wählern bei nächster Gelegenheit in die Wüste geschickt zu werden.

Grobe Bilanzmanipulationen des Staates

Kalifornien leidet unter einer besonders militanten Form der Tyrannei von Minderheiten, wie sie in den USA seit den 1980er-Jahren zu beobachten ist. Dass Kalifornien rechtzeitig ein ordentliches Budget zustande bringt, ist die Ausnahme. Die Regel ist das Zusammenschustern von Notbudgets, Überbrückungskrediten und Bilanzmanipulationen. Gouverneur Schwarzenegger sah sich dieser Tage gezwungen, die 235 000 Staatsangestellten bereits zum dritten Mal in zwei Monaten in unbezahlten Urlaub zu schicken. Die offizielle Arbeitslosenquote ist längst über die kritische Marke von 10 Prozent geklettert, in manchen Landwirtschaftsgebieten liegt sie schon über 20 Prozent. Merced und Modesto gleichen heute Geisterstädten. Und das Defizit von über 26 Milliarden Dollar wächst täglich weiter, weil der Staat seine Rechnungen nicht mehr bezahlt. Von den ausgestellten Schuldscheinen kann niemand leben; sie zwingen immer mehr Betriebe zur Schliessung. Die naheliegende Lösung, den Bankrott zu erklären, ist Kalifornien jedoch verwehrt. Die USVerfassung erlaubt es nur Städten und Bezirken, sich auf diese radikale Art zu sanieren, nicht aber Bundesstaaten.

Nur ein politischer Ausweg bleibt. Es geht um das ominöse Gesetz 13 aus dem Jahr 1978. Das von den Republikanern durchgeboxte Gesetz fror die Grundstückssteuern ein und machte Anpassungen an höhere Landpreise von einer Zweidrittelmehrheit im Parlament abhängig. Parallel dazu verlangte es eine Zweidrittelmehrheit für die Genehmigung des Budgets. Diese beiden Hürden sind, wie sich immer deutlicher zeigt, tödlich für die direkte Demokratie. Zwar erreichte die Rechte damit, was sie wollte: Der Steuerhahn wurde zugedreht. Die Linke erfand im Gegenzug immer neue Tricks, die Limiten zu umgehen und die Ausgaben zu erhöhen, ohne die Finanzierung zu sichern. Die Schildbürgereien untermauerte sie mit Versuchen, die Wahlbezirke so festzulegen, dass Amtsinhaber praktisch immun gegen Abwahlen sind.

Belastung für die USA

Diese Farce einer direkten Demokratie hat Kalifornien ein eigenartiges Doppelgesicht gegeben. Der Bundesstaat leistet Pionierarbeit in der Umwelt-, Forschungs- und Energiepolitik. Dies dank fortschrittlichen Kräften in Küstenstädten wie Los Angeles und San Francisco, die im Volk über eine solide Mehrheit verfügen. Das Staatswesen insgesamt ist aber verkümmert. Den Republikanern genügt eine Sperrminderheit von 34 Prozent, um das Budget zu blockieren und Staatsbetriebe zum Erliegen zu bringen.

Eine mutige Politreform, die mit einer Totalrevision der Verfassung beginnen müsste, wäre nötig, um den Staat aus der selbst geschneiderten Zwangsjacke zu befreien. Es ist im Interesse aller Amerikaner, dass der Bundesstaat seine Finanzprobleme löst. Denn ein bankrotter Staat von der Wirtschaftspotenz Kaliforniens ist auf Dauer ein zu grosses Bleigewicht für ein Land, das sich aus einer schweren Rezession herauszuarbeiten sucht.

http://epaper3.tagesanzeiger.ch/ee/taz/ges/2009/07/09/007/

lunar
09.07.2009, 11:02
Dr. Doom auf allen Kanälen! ../stockselect/stock-board/images/smilies/eek2.gif

http://www.mcalvany.com/podcast/

Zum Original-Beitrag (http://showthread.php3?p=1247831#post1247831)
....mal hinhören was so im Vorspann gesprochen wird :rolleyes

:kotzGS: if the software is in the wrong hands - they could manipulate the market :eek :eek :eek :eek

bezieht sich auf diesen Artikel ---> Is A Case Of Quant Trading Sabotage About To Destroy Goldman Sachs? (http://zerohedge.blogspot.com/2009/07/is-case-of-quant-trading-industrial.html)

....also in den falschen Händen (was heisst falsche Hände :rolleyes:mad) kann man den Markt manipulieren - in GS-Händen etwa nicht :grrrr

lunar
09.07.2009, 12:17
Gedicht des Tages - aus Trader's Daily :)

Schein und Sein

Mein Kind, es sind allhier die Dinge,

Gleichwohl, ob große, ob geringe,

Im Wesentlichen so verpackt,

Dass man sie nicht wie Nüsse knackt.

Wie wolltest du dich unterwinden,

Kurzweg die Menschen zu ergründen.

Du kennst sie nur von außenwärts.

Du siehst die Weste, nicht das Herz.

- Wilhelm Busch (1832-1908)

Hoka
09.07.2009, 16:25
9. Juli 2009, 06:18, NZZ Online

Muskelspiele im Rechtsstreit gegen die UBS in den USA


Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1247863#post1247863)
http://www.stock-channel.net/stockselect/stock-board/images/smilies/rolleyes.gif Wittmanns Sicht:

20 Minuten Online: Was hat die Schweizer Grossbank konkret zu befürchten?

Wittmann: Die UBS wird in den USA unter Staatskontrolle gestellt, so wie es die US-Regierung bereits mit anderen Instituten gemacht hat. Die Bank wird dann zwar weitergeführt, nur haben die Behörden dann Zugriff auf alle Kundendaten. Längerfristig werden die US-Behörden die Bank liquidieren und Teile davon verkaufen. Immerhin muss sich die UBS dann nicht freiwillig aus den USA zurückziehen.

...

http://www.20min.ch/finance/news/story/-Es-gibt-keinen-neutralen-Schiedsrichter--24082564

lunar
09.07.2009, 17:22
http://www.stock-channel.net/stockselect/stock-board/images/smilies/rolleyes.gif Wittmanns Sicht:

20 Minuten Online: Was hat die Schweizer Grossbank konkret zu befürchten?

Wittmann: Die UBS wird in den USA unter Staatskontrolle gestellt, so wie es die US-Regierung bereits mit anderen Instituten gemacht hat. Die Bank wird dann zwar weitergeführt, nur haben die Behörden dann Zugriff auf alle Kundendaten. Längerfristig werden die US-Behörden die Bank liquidieren und Teile davon verkaufen. Immerhin muss sich die UBS dann nicht freiwillig aus den USA zurückziehen.

...

http://www.20min.ch/finance/news/story/-Es-gibt-keinen-neutralen-Schiedsrichter--24082564

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1247999#post1247999)
:rolleyes:rolleyes:rolleyes

...dann wäre ja das Ziel erreicht - schon vor langer Zeit munkelte man, dass die Amis (oder deutlicher die Chefs der Ami-Banken) die UBS "liquidieren" wollen :rolleyes da hätte sich Herr Ospel etwas geschickter verhalten sollen :mad

lunar
09.07.2009, 21:32
09 July 2009

SP Weekly Chart Updated and Some General Thoughts on Trading and Markets (http://jessescrossroadscafe.blogspot.com/2009/07/sp-weekly-chart-updated-and-some.html)


Today we will take a look at the longer term SP 500 weekly price chart, updating the weekly chart which we published on March 23, 2009. (http://jessescrossroadscafe.blogspot.com/2009/03/sp-weekly-chart-updated-at-noon.html)

The rally, although sharp, is well within the bounds of expectations for a rally from a major market bottom off a steep decline. It was more than a technical bounce, but has not yet signalled a 'new bull market' despite the optimism of the Wall Street salespeople. Insiders are still diversifying from equities in record numbers, and the "investment banks" (if we can still speak of such an animal in their traditional commercial bank halloween costume) are spending more time 'gaming' the market than investing in the real economy for the longer term.

The target we set for the rally to the neckline around 960 'worked' which tends to validate it, for now, as a proper neckline.

If in fact this neckline holds, and the SP breaks down through key support, the chart formation sets up an objective of 360 on the weekly SP cash chart.

Here is the SP weekly chart update:

http://4.bp.blogspot.com/_H2DePAZe2gA/SlYimbY-2QI/AAAAAAAAJXA/BHn_GTRjxa0/s400/spweekly2.PNG (http://4.bp.blogspot.com/_H2DePAZe2gA/SlYimbY-2QI/AAAAAAAAJXA/BHn_GTRjxa0/s1600-h/spweekly2.PNG)

Keep in mind that the chart formation is long term, not immediate, and it must be validated further by a breakdown through key support. If, for example, the Federal Reserve decided to monetize even more aggressively than it has been doing, then it would be likely that the neckline would be broken to the upside, and we have a target showing where we think that will go.

Think of these charts as a 'map' to help us see where we have been, the most likely path, and the terrain, the lay of the land. Charts are not firmly predictive, only probabilistic. Those who make contrary claims for their system have always been shown to be exaggerated and highly selective in their result recording and reporting.

Too often "successful" traders merely exploit weaknesses and minor informational or systemic advantages or inefficiencies in the market and in essence place a 'tax' on the other market participants, usually the naive and inexperienced.

Sorry, but that is the way that it is. This even includes some of the 'too big to fail' boys who have no business exploiting the markets which need to function as efficient capital allocation mechanisms.

There is a tendency to seek to gain unfair advantage. The notion of good and rational markets that can self-regulate with participants who voluntarily obey the rules should be an obvious howler to anyone who has recently driven on a major highway. It is a fallen world, and regulation and enforcement are a sine qua non, and always in need of refreshment and improvement as are all things temporal.

Here is the original March chart.

http://3.bp.blogspot.com/_H2DePAZe2gA/SlYmEZmp5dI/AAAAAAAAJXM/9E4ndyMzA2o/s400/spweekly.png (http://3.bp.blogspot.com/_H2DePAZe2gA/SlYmEZmp5dI/AAAAAAAAJXM/9E4ndyMzA2o/s1600-h/spweekly.png)

Some traders are better than others, and some much better. The vast majority of people are in no position to trade, and have no temperament for it, and should leave it alone. They are investors, and enjoy a diversity of lifestyle. Trading is a profession, and needs to be respected as such.

The average person who is even in decent physical condition would hardly think to step into the boxing ring with the world heavyweight champion. And yet this same person thinks nothing of placing leveraged wagers in markets dominated by professionals who do little else for a living, heavily influenced even own the rules boards and help to pick the referees and pay their salaries.
So, what next?

The outlook is rather gloomy for the SP 500 in real terms, decidedly. There is no recovery in the real economy, merely fakes and the push and pull of 'flation. The Federal Reserve and the Obama Economic team are not even beginning to address the issues that will create a sustainable recovery, and are just doing the same thing that has failed before. The recovery from the 2003 market lows was nothing more than a monetary credit bubble, glossed up with statistical and accounting frauds. This is just more of the same, to a more extreme, even more cynically corrupt, degree.

So what next?

Gold still looks like a winning place as a store of value in times of corruption, decline and deception, although nothing is certain.

http://2.bp.blogspot.com/_H2DePAZe2gA/SlYpffuYW6I/AAAAAAAAJXc/DaP6B3oFiao/s400/goldsilverstocks.png (http://2.bp.blogspot.com/_H2DePAZe2gA/SlYpffuYW6I/AAAAAAAAJXc/DaP6B3oFiao/s1600-h/goldsilverstocks.png)

When the time comes and the economy appears to improve it is likely that silver will decidedly outperform gold on a percentage basis. Silver as well as gold are being heavily manipulated by a few banks who have enormous short positions. If they are ever forced to cover these there will be stretchers taking them out of the pits. But do not hold your breath, remembering who owns the casino, and the casino management. Still, all financial frauds and ponzi schemes come to their inevitable messy end. Bernie Madoff may merely not have as much company in prison as he deserves.

Yes, if you were able to time the market and buy the bottom in stocks, and pick the right ones, and hold on until the top, and then take your profits, and not been caught in the plunging decline of 2007, you have some remarkable gains and I wish you well. You are also gambling. As long as you realize this, and manage your money accordingly, you may keep some or even a good portion of your gain.


Posted by Jesse at 12:59 PM (http://jessescrossroadscafe.blogspot.com/2009/07/sp-weekly-chart-updated-and-some.html) http://www.blogger.com/img/icon18_email.gif :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1210333237059671061)

...Jesse war mal so voller Hoffnung auf die Zeit nach Bush mit Obama (ich auch :rolleyes) aber er scheint mehr und mehr total enttäuscht zu sein (ich auch - wenigstens was das "Geld-Umfeld" betrifft :() und am resignieren :(

lunar
09.07.2009, 22:03
Miss You Already (http://lolfed.com/2009/07/09/miss-you-already/)

July 9th, 2009 by Jason · bernanke (http://lolfed.com/category/bernanke/)

http://lolfed.com/wp-content/uploads/begbernanke.jpg

There comes a time in every Federal Reserve chairman’s life when he must beg to be reappointed to his job. That time has come for Ben Bernanke (http://online.wsj.com/article/SB124709730991015099.html#mod=igoogle_wsj_gadgv1), whose current term as chairman is up next February, and the dull process of figuring out who should be chairman after that is underway.

If it seems like just yesterday that Benny came into our lives, it really was. A chairman’s term is four years, and Alan Greenspan held the post for something like sixty years, despite having died in 1998. He just kept getting re-appointed by president after president in spite of his efforts to ruin the economy, which is why Ben will also keep his job forever. (:D obwohl es ja eigentlich wirklich nich um lachen ist :rolleyes)
Ben’s only real competition for the job may well be Larry Summers, and wouldn’t that be an unprecedented disaster on so many levels. Timmy is said to have the president’s ear on who should be nominated, and with two current vacancies on the Board of Governors, anyone could be named to the Board and to chairman, kind of like John Roberts on the Supreme Court.

lunar
10.07.2009, 08:57
ANALOGKÄSE, GEL-SCHINKEN UND CO.

Verbraucherschützer decken Lebensmittel-Plagiate auf (http://www.spiegel.de/wirtschaft/0,1518,635367,00.html)


Pflanzenfett statt Kuhmilch, gepresstes Eiweiß statt Fisch, Rindfleischreste statt Steaks: Immer mehr Lebensmittelhersteller sparen an den Zutaten - ohne dass der Verbraucher es merkt. Eine Liste der Verbraucherschutzzentrale Hamburg nennt die Plagiatoren. Von Susanne Amann mehr... (http://www.spiegel.de/wirtschaft/0,1518,635367,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7845) ]

..........Behörde sammelt seit 15 Jahre Infos über Schinkenimitate

Doch das geschieht bislang nicht - stattdessen sammeln die Behörden eifrig die Beispiele für Schinkenimitate.........

...Doppelmoral :confused :Prost :rolleyes





http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFotostrecke: Eis, Steaklets und Ziegenkäse - was wirklich drin ist (http://www.spiegel.de/fotostrecke/fotostrecke-44232.html)

lunar
10.07.2009, 09:20
AGAIN? White House, AIG Clash Over Millions More In Bonuses (http://www.washingtonpost.com/wp-dyn/content/article/2009/07/09/AR2009070902702.html?hpid=topnews)


http://images.huffingtonpost.com/gen/91815/thumbs/r-AIG-BONUSES-huge.jpg (http://www.washingtonpost.com/wp-dyn/content/article/2009/07/09/AR2009070902702.html?hpid=topnews)









Quick Read (http://www.huffingtonpost.com/2009/07/09/aig-bonuses-are-back-firm_n_229151.html) |
Comments (1,334) (http://www.huffingtonpost.com/2009/07/09/aig-bonuses-are-back-firm_n_229151.html)

jozzie (http://www.huffingtonpost.com/users/profile/jozzie) I'm a Fan of jozzie (http://www.huffingtonpost.com/users/becomeFan.php?of=jozzie) I'm a fan of this user permalink (http://www.huffingtonpost.com/2009/07/09/aig-bonuses-are-back-firm_n_229151.html?show_comment_id=26883875#comment_26883875) http://images.huffingtonpost.com/profiles/629856-2.png?20090707120652 (http://www.huffingtonpost.com/users/profile/jozzie)
There is a very excellent article in this month's Vanity Fair about AIG and what really goes on with their Financial Products division. By Michael Lewis.
http://www.vanityfair.com/politics/features/2009/08/aig200908

http://www.vanityfair.com/images/politics/2009/08/aig-0908-01.jpg
Joseph Cassano, former head of A.I.G.’s Financial Products unit, at London’s High Street Kensington subway station in June. From Bauer-Griffin.

The Man Who Crashed the World

Almost a year after A.I.G.’s collapse, despite a tidal wave of outrage, there still has been no clear explanation of what toppled the insurance giant. The author decides to ask the people involved—the silent, shell-shocked traders of the A.I.G. Financial Products unit—and finds that the story may have a villain, whose reign of terror over 400 employees brought the company, the U.S. economy, and the global financial system to their knees.

By Michael Lewis (http://www.vanityfair.com/magazine/bios/michael_lewis/search?contributorName=Michael%20Lewis) August 2009...........



****************************************


PhilipTaylor (http://www.huffingtonpost.com/users/profile/PhilipTaylor) I'm a Fan of PhilipTaylor (http://www.huffingtonpost.com/users/becomeFan.php?of=PhilipTaylor) I'm a fan of this user permalink (http://www.huffingtonpost.com/2009/07/09/aig-bonuses-are-back-firm_n_229151.html?show_comment_id=26883729#comment_26883729)
http://images.huffingtonpost.com/profiles/339049.png?20090606145209 (http://www.huffingtonpost.com/users/profile/PhilipTaylor)
No whining they BROKE TWO LAWS:

1. Manufactured Insider Trading - You know the one used on Chef Martha!

2. Misrepresentation in sale of High Risk Product with "AAA" Fake Rating

Both Fraud Charges - Both ON the BOOKS ready for Holder or the SEC to use tonight or perhaps Tomorrow!

*****************************************

synic (http://www.huffingtonpost.com/users/profile/synic) I'm a Fan of synic (http://www.huffingtonpost.com/users/becomeFan.php?of=synic) I'm a fan of this user permalink (http://www.huffingtonpost.com/2009/07/09/aig-bonuses-are-back-firm_n_229151.html?show_comment_id=26883598#comment_26883598)

Oh, boy! Cue the administration's "I understand your anger and I'm angry too" kabuki theater followed by Geithner coming out saying that they can't legally stop the taxpayer bonus bonanza (yes because you geniuses made damn sure that no strict controls were put in to prevent your bankster and corporate mafia friends from lining their pockets with as much taxpayer money as they possibly can). No doubt all the architects of this mess will have cushy jobs to choose from when their "public service" stint is over, while the public will be left with the bill and interest on the bill.

Wall Street status quo is once again maintained. Wash, rinse, repeat. :rolleyes


*****************************************


.....es scheint sich wirklich nichts geändert zu haben :bad im Gegenteil :dumm

lunar
10.07.2009, 10:17
...da :kotzGS mir besonders auf den Sack geht - hier noch einige Mutmassungen :o ich befürchte leider die werden wieder ungeschoren davonkommen :mad

Who’d a thunkit from another board GS robbery (http://goldtent.net/wp_gold/2009/07/10/whod-a-thunkit-from-another-board-gs-robbery/)

-> Posted by Ike @ 3:36 am on July 10, 2009
Been toying with several things about this GS code loss–

1–”someone” knew it was there, what it did, and went after it–but who?
2–that “someone” has the hardware needed to run it–and who has that kinda stuff?
3–that “someone” knows how to operate it—how many know how?
Which leads to the next set of questions—
4–WHY did that “someone” arrange to secure it—-think of their options?
5–are they blackmailing GS and threatening to use it if GS / Fed don’t do /don’t do certain things–got’em by the short hairs?
6–is this another CIA “black-ops” to unseat GS and the Fed’s hold on the
politicians—or they bring them down, knowing full well that the GS owners and
alumni have only one allegiance, and it isn’t the good ole USA or it’s people?
7–was it done to “front-run” GS–unlikely, not enough $$$ in it?
8–was it done to stop the flow of scammed and stolen $$$$ to finance a
warmongering nation in the ME—you fill in the blanks?
9–was ot done to cripple a ME country’s ability to continue it’s military
aggression and unable to sustain it’s threats–they only get one shot, and it better be good, because they couldn’t finance another, or even their self-defense?

The possibilities are endless—-just ponder it for a while—but it WAS a well planned and executed event by some very powerful and knowledgeable people.

Wager GS knows EXACTLY who has it, and what they plan to do with it.

We haven’t seen the results yet, but a change has started, we just haven’t seen enough to put the pieces together yet–after all the volatility and spastic reactions we have seen these past two years, and now, a very sudden calming of the markets for the past few weeks?




Ike……….There is another possibility…… (http://goldtent.net/wp_gold/2009/07/10/ikethere-is-another-possibility/)

-> Posted by PMFEVER catch it if you can @ 3:59 am on July 10, 2009
It could be that GS was likely to eventually be exposed after using some code. Thus, it could simply be a false flag to muddy the waters with disinformation to the public. Or, it could be ruse to allow them to legally ”steal” something that they want. Too may possibilities to ponder, IMO.

lunar
10.07.2009, 10:55
Wissenschaft: 9. Juli 2009, 20:20

Elf Milliarden Jahre alte Sternexplosionen entdeckt:eek (http://www.nzz.ch/nachrichten/wissenschaft/supernova_methode_1.2970060.html)

Archivbilder zeigen Supernovae (http://www.nzz.ch/nachrichten/wissenschaft/supernova_methode_1.2970060.html)

Ein amerikanisch-israelisches Team von Astronomen hat die bisher ältesten Supernovae entdeckt. Die zwei Sternexplosionen ereigneten sich vor fast 11 Milliarden Jahren, wie die Forscher in der neusten Ausgabe der Fachzeitschrift «Nature» berichten. Auf die Spur gekommen waren sie den Sternexplosionen, indem sie Archivbilder eines bestimmten Stücks des Himmels durchsuchten. (http://www.nzz.ch/nachrichten/wissenschaft/supernova_methode_1.2970060.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/wissenschaft/supernova_methode_1.2970060.html)

(http://www.nzz.ch/nachrichten/wissenschaft/supernova_methode_1.2970060.html)

....was sind wir doch ein winziger Furz :o

lunar
10.07.2009, 11:03
Schweiz: 10. Juli 2009, 06:18

Der Streit um die Tinner-Akten eskaliert (http://www.nzz.ch/nachrichten/schweiz/hausdurchsuchung_fuer_zugang_zu_tinner-akten__1.2972039.html)

Hausdurchsuchung beim Bund – Bundesrat bleibt hart (http://www.nzz.ch/nachrichten/schweiz/hausdurchsuchung_fuer_zugang_zu_tinner-akten__1.2972039.html)

In einer präzedenzlosen Aktion hat das Eidgenössische Untersuchungsrichteramt die Tinner-Akten vor der Vernichtung durch den Bundesrat gesichert. Mit polizeilicher Unterstützung wurde in Bern ein Tresor mit Schlüsseln zu den Akten abtransportiert. Der Bundesrat will aber hart bleiben. (http://www.nzz.ch/nachrichten/schweiz/hausdurchsuchung_fuer_zugang_zu_tinner-akten__1.2972039.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/schweiz/hausdurchsuchung_fuer_zugang_zu_tinner-akten__1.2972039.html)
http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif Kommentar: Hybris der Strafbehörden (http://www.nzz.ch/nachrichten/schweiz/hybris_der_strafbehoerden_1.2974857.html)
http://www.nzz.ch/static-images/news_readmore.gif Tinner-Akten: Streit eskaliert (http://www.nzz.ch/nachrichten/schweiz/eskalation_im_streit_um_die_tinner-akten_1.2977293.html)

...hmmmm :gruebel unser Bundesrat :confused:rolleyes jedenfalls nochmal viel Aufregung nebst der UBS - da ich nicht Bescheid weiss über diese Tinner Angelegenheit
Wikipedia ---> http://de.wikipedia.org/wiki/Abdul_Kadir_Khan

lunar
10.07.2009, 11:12
....in was für einer Welt leben wir :mad:(

Evin: Die Folter-Hölle von Teheran (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Evin-Die-FolterHoelle-von-Teheran/story/13672850)

http://files.newsnetz.ch/story/1/3/6/13672850/1/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Evin-Die-FolterHoelle-von-Teheran/story/13672850) Im Iran sind in den vergangenen Wochen Tausende verhaftet worden. Die meisten sitzen im Evin-Gefängnis in Teheran. Die Anstalt ist berüchtigt für ihre Folterknechte. Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Evin-Die-FolterHoelle-von-Teheran/story/13672850)


Immer mehr US-Soldaten nehmen sich das Leben (http://www.tagesanzeiger.ch/ausland/amerika/Immer-mehr-USSoldaten-nehmen-sich-das-Leben/story/19471977)

Die Suizidrate unter US-Soldaten ist deutlich gestiegen. Die neusten Zahlen scheinen Befürchtungen ranghoher Armeevertreter zu bestätigen. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Immer-mehr-USSoldaten-nehmen-sich-das-Leben/story/19471977)


Drama auf der Dufourspitze: Bergführer stürzt nach Rettungsaktion zu Tode (http://www.tagesanzeiger.ch/panorama/vermischtes/Drama-auf-der-Dufourspitze-Bergfuehrer-stuerzt-nach-Rettungsaktion-zu-Tode/story/19131172)

Ein französischer Bergführer ist auf der Dufourspitze nach der Rettung eines Bergsteigers durch die Air Zermatt tödlich verunglückt. Mehr... (http://www.tagesanzeiger.ch/panorama/vermischtes/Drama-auf-der-Dufourspitze-Bergfuehrer-stuerzt-nach-Rettungsaktion-zu-Tode/story/19131172)

....wie viele risiko"freudige" Menschen - riskieren ohne Bedenken das Leben anderer :mad

lunar
10.07.2009, 16:42
G8 feiert Gipfel der Einigkeit (http://www.spiegel.de/wirtschaft/0,1518,635508,00.html)

:kotz (http://www.spiegel.de/wirtschaft/0,1518,635508,00.html)...diese Selbstbeweihräucherung :rolleyes

lunar
10.07.2009, 17:09
....da kann ich leider nix dazu sagen - hab zu wenig Ahnung :rolleyes:o

10 July 2009

The China Bubble and the Convergence of Oligarchies (http://jessescrossroadscafe.blogspot.com/2009/07/china-bubble-and-convergence-of.html)


This is an interesting story from a source that we will be consulting regularly for their news items and insightful analysis.

Regular readers of this blog will notice that we strike the same recurrent themes.

Some years ago Mr. Bill Gates traveled to China, and liked what he saw. This was the model of capitalism which he favored: a small but powerful elite centrally planning an economy peopled by semi-feudal serfs, and living large on the backs of the many.

With all deference to Jimmy Rogers, China is a bubble. The central government will grow increasingly repressive and manipulative as the people improve in education, health and material means. Propaganda will grow more sophisticated and remain as pervasive as it is today.

When the bubble bursts, the iron fist will be unveiled and there will be popular uprisings, and those who believe they are in elite positions now may then find themselves on the docks piled on their baggage waiting for the next ship to take them to new and safer destinations, ready to be exploited and undermined.

Freedom wanes, but never seems to die.

The Daily Bell (http://www.thedailybell.com/index.asp?fl=)
Chinese bank announces bombshell
Issue 343 • Friday, July 10, 2009

Yesterday on their website, the People's Bank of China announced a shocker. New Chinese bank lending for June was 1.53 trillion yuan ($224 billion), double the lending in May. The total already for the year is an astounding 7.4 trillion yuan when the target for the entire year was 5 trillion.

Putting this in context, total lending this year so far has amounted to 25% of 2008 GDP. As I wrote earlier this week, Chinese regulators are getting concerned that this lending is going towards poor credit and bleeding into commodity market speculation.

As most know, bank lending is high powered monetary stimulus due to its high velocity. This is the key difference between fiscal stimulus vs. monetary stimulus. Actually, monetary stimulus will only work well if the banks receiving the funds lend them out. In the US, this is clearly not happening due to banks loan losses and caution over new lending (expanding balance sheet.) In China, this is not the case and new loans are flowing. - CNBC

Dominant Social Theme: China is heating up.

Free-Market Analysis: We've written about this before. China backed into "capitalism" about 30 years ago and the impetus for where it is now was increased by the problems with Tiananmen Square. The Chinese leaders are not interested in political theory at this point (if they ever were). Their currency is power and the way to maintain power is to create an apolitical system where citizens "can grow rich." Western systems work a good deal better than communist systems in this regard. And thus China has built a facade of a Western system.

Yes, it is really only an imitation of a Western system (from a political and big business perspective anyway) in our opinion, just as its banks are only imitations of Western banks and its stock markets are only imitations as well. In fact, to grow rich by investing in the Chinese stock market one apparently simply has to listen intently to the noises coming from the government as to what companies will grow and what companies will not. (And this is different from the US now in what way? - Jesse)

As far as the banks go, the system is probably even more basic than in the West. The central bank prints as much money as it can, and the commercial banks disseminate it. These banks may act as independent entities, but they still have a foot in state government as do many large companies in China.

It is all fairly well jury rigged. China has incorporated a façade of Westernism but to cast China as the world's financial engine is to understand how desperate the West has become. China's economy grows by 10 and 15 percent a year, and now appears be heating up even more. This is not normal growth but central banking generated growth. The same clique still runs China, but the economy has been supercharged by additional printing.

China is said to be turning inward now, as Western countries cannot afford to buy its products. But whether China will be able to maintain its growth by using its own huge population as a purchasing pool remains to be seen. What will certainly happen sooner or later is that the supercharged money being used by the Chinese will create the same boom-bust cycle as has happened elsewhere. Only when it ends in China after so many years, it will be the mother-of-all blow-offs.

Conclusion: It is difficult to see what Chinese leaders expect to happen once the bubble busts. Maybe they are gambling that they can control the unrest that will come in its wake. Maybe they assume the bubble will not bust for many years. (And this is different from the US now in what way? - Jesse)

But articles like the one excerpted above show us that sooner or later China's overheated and pseudo-Western economy will implode, and likely even more violently than Western economies ever have. And here's a thought: The Chinese in the meantime are said to be big buyers of gold on a government level and also personally. Perhaps what is going to eventually happen is better known in China than the West.



Posted by Jesse at 10:37 AM (http://jessescrossroadscafe.blogspot.com/2009/07/china-bubble-and-convergence-of.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=3494469897269989415) :verbeug

lunar
10.07.2009, 18:34
Friday, July 03, 2009

One Year Ago: Oil Prices Peaked at $145 per Barrel (http://www.calculatedriskblog.com/2009/07/one-year-ago-oil-prices-peaked-at-145.html)

by CalculatedRisk on 7/03/2009 05:13:00 PM


http://3.bp.blogspot.com/_pMscxxELHEg/Sk50jHOGxmI/AAAAAAAAFvs/TRrq-DsWFzI/s320/OilPricesOneYear.jpg (http://3.bp.blogspot.com/_pMscxxELHEg/Sk50jHOGxmI/AAAAAAAAFvs/TRrq-DsWFzI/s1600-h/OilPricesOneYear.jpg) Click on graph for larger image in new window.

These are spot prices for Cushing WTI from the EIA (source (http://tonto.eia.doe.gov/dnav/pet/hist/rwtcd.htm)).

It is fun to look back ... I started speculating (http://www.calculatedriskblog.com/2008/03/petroleum-prices-and-gcc-spending.html) in March '08 about a sharp decline in oil prices in the 2nd half of 2008.

And I posted many times in the late spring about demand destruction (like fewer U.S miles driven), Asian countries reducing gasoline subsidies, China stock piling oil for the Olympics, etc.

But this story was probably the key clue that oil prices were peaking (from June 28, 2008). From the NY Times: Cruise Night, Without the Car (http://www.nytimes.com/2008/06/29/us/29teengas.html)
For car-loving American teenagers, this is turning out to be the summer the cruising died.
...
From coast to coast, American teenagers appear to be driving less this summer. Police officers who keep watch on weekend cruising zones say fewer youths are spending their time driving around in circles...We knew it was almost over when teenagers stopped cruising!

....wie die Zeit vergeht :rolleyes

lunar
10.07.2009, 19:08
OBAMA MEETS THE POPE:rolleyes (http://www.huffingtonpost.com/2009/07/10/obama-pope-to-hold-frank-_n_229317.html)

http://images.huffingtonpost.com/gen/91873/thumbs/r-POPE-AND-OBAMA-huge.jpg (http://www.huffingtonpost.com/2009/07/10/obama-pope-to-hold-frank-_n_229317.html)









Quick Read (http://www.huffingtonpost.com/2009/07/10/obama-pope-to-hold-frank-_n_229317.html) |
Comments (351) (http://www.huffingtonpost.com/2009/07/10/obama-pope-to-hold-frank-_n_229317.html)
harriscrl3 (http://www.huffingtonpost.com/users/profile/harriscrl3)
I guess when you bond on abortion whats an illegal war that killed hundreds of thousands of Iraqi civilians including women and children. Only the life as it exist in a woman's body is sacred once it comes out who cares about it.



God would object more to killing children in a war.

lunar
10.07.2009, 19:17
Zum 500. Geburtstag Calvins: Für die harte Linie (http://de.sitestat.com/sueddeutsche/sueddeutsche/s?onclick_rss.feed.kultur&ns_type=clickin&ns_source=nachrichten_kultur&ns_url=http://www.sueddeutsche.de/kultur/516/480001/text/)

http://facts.ch/images/article/6956.jpg (http://de.sitestat.com/sueddeutsche/sueddeutsche/s?onclick_rss.feed.kultur&ns_type=clickin&ns_source=nachrichten_kultur&ns_url=http://www.sueddeutsche.de/kultur/516/480001/text/)

Skat, Fußball, Tanzen? Nicht mit Johannes Calvin. Der Mann, den kaum einer mochte, wird 500 Jahre alt und bereichert noch immer die Bücherregale. » (http://de.sitestat.com/sueddeutsche/sueddeutsche/s?onclick_rss.feed.kultur&ns_type=clickin&ns_source=nachrichten_kultur&ns_url=http://www.sueddeutsche.de/kultur/516/480001/text/)
:rolleyes

lunar
10.07.2009, 19:49
When In Rome...? Actually, not so much

July 09, 2009 5:20 PM

http://blogs.abcnews.com/.a/6a00d8341c4df253ef011570f27fe3970c-800wi (http://blogs.abcnews.com/.a/6a00d8341c4df253ef011570f27fe3970c-pi)

President Obama and French President Nicolas Sarkozy trade places on a dais with "Junior G8" delegates.

On first glance, the snapshot appears to show President Obama caught in a moment of less than lofty analysis. But upon looking at the video (http://abcnews.go.com/video/playerIndex?id=8049121), the moment might seem to appear quite innocent -- one of those times when a picture can be misleading. The president was on a higher step and was stepping down -- so he looked down to assure his footing as the woman was walking up the stairs.

Although: not everyone agrees. Judge for yourself.

http://blogs.abcnews.com/politicalpunch/2009/07/when-in-rome.html
http://abcnews.go.com/video/playerIndex?id=8049121

Fotos Anhang

**********************************************

http://www.bild.de/BILD/news/bild-english/world-news/2009/07/10/barack-obama-nicolas-sarkozy/kopfgrafik-barack-obama-looks-at-bottom-of-g8-gir__12798411-kg-170.jpg


Barack Obama and Nicolas Sarkozy at G8 summit Oh là là - US President snapped checking out delegate's bum!

He may be the world’s most powerful man but even Barack Obama is not immune to the charms of a nice bottom!.....

http://www.bild.de/BILD/news/bild-english/world-news/2009/07/10/barack-obama-nicolas-sarkozy/oh-la-la-us-president-checks-out-bum-of-g8-delegate.html


BILD auf english hat natürlich das übliche BILD-Niveau :o

lunar
10.07.2009, 21:18
http://ads.abt-it.de/www/delivery/lg.php?bannerid=2&campaignid=1&zoneid=4&loc=http%3A%2F%2Fwww.hall-of-finance.de%2Fforum%2Fshowthread.php%3Ft%3D1965%26page%3D52&referer=http%3A%2F%2Fwww.hall-of-finance.de%2Fforum%2Fforumdisplay.php%3Ff%3D10&cb=1301859aef
http://www.hall-of-finance.de/forum/images/statusicon/post_new.gif 10.07.2009, 19:21 #1277 (http://www.hall-of-finance.de/forum/showpost.php?p=516520&postcount=1277) Zockerzicki (http://www.hall-of-finance.de/forum/member.php?u=469)
Die siebente Schwoäbin

http://www.hall-of-finance.de/forum/customavatars/avatar469_3.gif (http://www.hall-of-finance.de/forum/member.php?u=469)

Registriert seit: 21.02.2005
Beiträge: 19.832


http://www.hall-of-finance.de/forum/images/icons/icon1.gif
kju hat völlig recht & mehrfach drauf hingewiesen:
Die Kleinen werden gegen die Kleinen aufgehetzt ...
Zieht den Peer aus dem Verkehr ....

Zzhttp://www.hall-of-finance.de/forum/images/smilies/neu/verbeug.gif


STREIT ÜBER RENTENGARANTIE

Steinbrücks Ehrlichkeit ärgert Genossen (http://www.spiegel.de/politik/deutschland/0,1518,635459,00.html)[/url]

Das saß: Auffallend deutlich hat sich Peer Steinbrück von der Rentengarantie der Regierung distanziert. Kurz vor der Bundestagswahl droht er damit eine der wichtigsten Wählergruppen zu verärgern - und provoziert Empörung in den eigenen Reihen. Von Veit Medick und Severin Weiland [url="http://www.spiegel.de/politik/deutschland/0,1518,635459,00.html"]mehr... (http://www.spiegel.de/politik/deutschland/0,1518,635459,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=6986) ]
__________________

"Adieu", sagte der Fuchs.
"Hier mein Geheimnis. Es ist ganz einfach: Man sieht nur mit dem Herzen gut. Das Wesentliche ist für die Augen unsichtbar."

....bin wohl nicht alleine mit meiner Abneigung ;):o

lunar
10.07.2009, 21:47
2004-2009 Pompous Prognosticators Revisited

Report from Nick Barisheff
Posted Jul 10, 2009
The experts go into denial as the credit crisis unfolds

In 2001, Colin Seymour published an article entitled 1927-1933 Chart of Pompous Prognosticators (http://www.usagold.com/gildedopinion/prognost.html). In it, he documented the many Depression-era assurances given by politicians, economists, financial experts and the media to the public, protesting that everything was fine and there was nothing to worry about. Meanwhile, the stock market would decline by 92%, the US dollar would be devalued by 40%, real estate would drop 30% and unemployment would soar to 25%.

Today, we have a similar situation. Politicians, economists and the media are assuring the public that everything is fine. But governments around the world are frantically borrowing trillions of dollars to fund bailout and stimulus plans, the stock markets have lost over 40% of their value, real estate over 50%, and unemployment is approaching 10% in most major countries.

http://www.321gold.com/editorials/barisheff/barisheff071009.gif 2004
1. “The ability of lending institutions to manage the risks associated with mortgages that have high loan-to-value ratios seems to have improved markedly over the past decade.”
-Alan Greenspan [February 2004]

-

2005
2. “Home sales are coming down from the mountain peak, but they will level out at a high plateau, a plateau that is higher than previous peaks in the housing cycle.”
-David Lereah, Chief Economist, National Association of Realtors [December 2005]

-

2006
3. “I don’t know, but I think the worst of this may well be over.”
-Alan Greenspan, [October 2006]

-

2007
4. “We have a very strong global economy… and I feel very comfortable with the global economy.
-Treasury Secretary Henry Paulson [March, 2007]

5. “The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.”
-Ben Bernanke [March 28, 2007]

6. “In today's environment, it is virtually impossible to violate rules.”
-Bernie Madoff [November 2007]

-

2008
7. “Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009.”
-National Association of Realtors [January 2008]

8. “Although recent data suggest that the probability of a recession in 2008 has increased, CBO does not expect the slowdown in economic growth to be large enough to register as a recession.”
-US Congressional Budget Office [January 2008]

9. “I don't think we're headed to a recession.”
-President George W. Bush [February 2008]

10. “I don't anticipate any serious problems of that sort among the large internationally active banks that make up a very substantial part of our banking system.”
-Ben Bernanke [February 28, 2008]

11. “No! No! No! Bear Stearns is not in trouble.”
-Jim Cramer, CNBC commentator [March 2008]

12. “Later this year, I expect growth will pick up.”
-Henry Paulson, just after Treasury had mailed out 130 million economic stimulus cheques [May 2008]

13. “Fannie Mae and Freddie Mac are fundamentally sound. They're not in danger of going under.... I think they are in good shape going forward.”
-Barney Frank, chairman of the House Financial Services Committee [July 2008]

14. “My own belief is if we were going to have some sort of big crash or recession, we probably would have had it by now.”
-Canadian Prime Minister Stephen Harper [September 2008]

15. “We're probably somewhere pretty close to a bottom.”
-Fund manager Barton Biggs [September 2008]

16. “The fundamentals of our economy are strong.”
-US Senator John McCain [Sept 15, 2008]

17. “We remain committed to examining all strategic alternatives to maximize shareholder value.”
-Lehman Bros. CEO Dick Fuld, shortly before Lehman went bankrupt [Sept 2008]

-

2009
18. “It's a huge bull market rally.”
-Jim Cramer, CNBC [June 2009]

Just as Seymour's Pompous Prognostications proved devastating for those investors who remained complacent due to those false assurances, today's investors would be wise to educate themselves on the real risks and vulnerabilities they face today. In order to preserve their wealth over the coming years, investors need to make wise, informed decisions, stop being complacent, and avoid following the false assurances of politicians and financial experts. With countless risks and vulnerabilities facing the world, the next 20 years will not be the same as the last 20 years.

Sources: FederalReserve.gov, BusinessWeek, CNBC.com, Realtor.org, Marketwatch.com, USA Today, Washington Post, Reuters, Associated Press, Bloomberg, BBC.com, TimesOnline,

written on Jul 6, 2009
Nick Barisheff

http://www.321gold.com/photos/nick_barisheff.jpgNick Barisheff is President and CEO of Bullion Management Group Inc., a bullion investment company that provides investors with a cost-effective, convenient way to purchase and store physical bullion. Widely recognized in North America as a bullion expert, Barisheff is an author, speaker and financial commentator on bullion and current market trends. He is interviewed monthly on Financial Sense Newshour, an investment radio program in USA. For more information on Bullion Management Group Inc. or BMG BullionFund, visit:
www.bmsinc.ca (http://www.bmsinc.ca/)

http://www.321gold.com/editorials/barisheff/barisheff071009.html

lunar
11.07.2009, 11:36
Matze :supi ---> "...die Regierigen...." :rolleyes:bad

lunar
11.07.2009, 12:40
Friday, July 10, 2009

Ben Bernanke Back Into The Populist Spotlight (http://zerohedge.blogspot.com/2009/07/ben-bernanke-back-into-populist.html)

Posted by Tyler Durden at 3:54 PM (http://zerohedge.blogspot.com/2009/07/ben-bernanke-back-into-populist.html)
It seems just yesterday that Ben Bernanke was rehearsing for the role of the Alzheimer's patient antagonist in Joel Schumacher's latest mad scientist-becomes-insane global dictator B-grade movie, before the House Committee on Oversight and Government Reform, after firing back with a catatonic "I don't recall" after catatonic "I don't recall" when asked to remember even one of the events in what historians will likely one day consider among the most critical 24 hours for modern capitalism. Many thought that this spectacle was merely a way for politicians to score populist points in a McCarthesque witch hunt sequel of the villain de jour play. It seems they were wrong.

A letter submitted yesterday (http://www.zerohedge.com/sites/default/files/Final_Letter_to_Obama_on_Fed_Reserve_Authority_7-9--09.pdf) by members of Congress is now demanding an in-depth investigation into whether the "Federal Reserve has overstepped its authority and abused its power under current law (where it already wields considerable regulatory strength and broad authority)" especially now that the President, under the guidance of certain individuals of his financial advisory committee is hell bent on "concentrating extensive new power in the hands of one regulatory entity with little to no direct accountability to the public."

In a fashion comparable to the fate of HR1207, which started off as a small snowball (in hell, of all places) and has the potential to become an avalanche, so does this petition deserve the support of all the same cosponsors of the Audit The Fed bill. Zero Hedge applauds the initial efforts by the following members of Congress: Garrett, Carney, Grayson, Kaptur, Price, W. Jones, Duncan, Paul, McCotter, Blackburn, Burgess, Adrian, Smith, Bachmann, Gohmert, Burton, McHenry, and Posey; we are certain that hundreds more will eventually stand behind this petition. The Fed's time as an unaudited and unaccountable institution is at an end - it is now just a matter of time.

The President now faces a major choice: do the right thing, avoid the several conniving voices that whisper sweet manipulative nothings in his ear, and expose the Fed for the nebulous and crony mechanism it has become in the hands of a select few, or do nothing and let his successor be forever remembered in history for doing this one critical and righteous act.

Final Letter to Obama on Fed Reserve Authority 7-9--09 (http://www.scribd.com/doc/17262812/Final-Letter-to-Obama-on-Fed-Reserve-Authority-7909)

41 Comments (http://zerohedge.blogspot.com/2009/07/ben-bernanke-back-into-populist.html#disqus_thread) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=4863014635257598503&postID=6096121748209748775)

lunar
12.07.2009, 13:09
PAKISTANISCHE POLIT-BURLESKE

Lüstling an der Macht (http://www.spiegel.de/kultur/literatur/0,1518,635045,00.html)

Ein Mordkomplott gegen einen unter Verstopfung leidenden Tyrannen, betrieben von schwulen Kadetten - und das im islamischen Pakistan. Mohammed Hanif hat sich weit vorgewagt mit seinem satirischen Thriller "Eine Kiste explodierender Mangos". Doch die Leute im Land lieben das Buch. Von Hasnain Kazim mehr... (http://www.spiegel.de/kultur/literatur/0,1518,635045,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7866&goto=newpost) ]


....Die Leser und die Presse sind begeistert - wohl auch, weil viele Pakistaner Zia ul-Haq für einen schlechten Herrscher halten, dessen Vermächtnis, dazu gehören die Aufrüstung und Unterstützung der Taliban im Kampf gegen die Sowjets in Afghanistan, bis heute nachwirkt. Seine Politik - und die der US-Regierung unter Ronald Reagan - hat die Taliban erst stark gemacht."
Militärs lesen sowieso keine Bücher, und wenn man den Rest der pakistanischen Bevölkerung sieht, so können 40 Prozent nicht lesen. Von den restlichen 60 Prozent kann, wenn überhaupt, die Hälfte Englisch lesen. Und wer das kann, treibt sich lieber zum Shoppen in Dubai herum, als mein Buch zu lesen." :rolleyes

Verbündete der Amis :o

lunar
13.07.2009, 09:11
US-Geheimprogramm zur Ermordung von Qaida-Kämpfern enthüllt (http://www.spiegel.de/politik/ausland/0,1518,635733,00.html)

Wut im US-Kongress: Die Regierung Bush hat dem Parlament jahrelang ein Programm zur Gefangennahme und gezielten Tötung von al-Qaida-Mitgliedern verheimlicht. Obamas Justizminister ließ es sofort stoppen - jetzt gibt es Rufe, vor allem die Rolle von Ex-Vizepräsident Cheney in der Affäre aufzuklären. mehr... (http://www.spiegel.de/politik/ausland/0,1518,635733,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7874) ]







http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFoltervorwürfe: US-Justizminister erwägt Ermittlungen gegen CIA (http://www.spiegel.de/politik/ausland/0,1518,635679,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifAfghanistan: Obama lässt Massaker-Berichte überprüfen (http://www.spiegel.de/politik/ausland/0,1518,635731,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifBritischer Militäreinsatz: Brown hadert mit Afghanistan-Strategie (http://www.spiegel.de/politik/ausland/0,1518,635702,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifObama über Afghanistan: "Dies ist keine amerikanische Mission" (http://www.spiegel.de/politik/ausland/0,1518,635667,00.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifBriten in Afghanistan: "Wir müssen es richtig oder gar nicht machen" (http://www.spiegel.de/politik/ausland/0,1518,635611,00.html)
*
:kotz

lunar
13.07.2009, 09:16
SPITZELVORWÜRFE GEGEN ABGEORDNETEN

Hans Lafontaine erzürnt Zwillingsbruder Oskar (http://www.spiegel.de/politik/deutschland/0,1518,635560,00.html);)

Familienstreit im Saarland: Oskar Lafontaines Zwillingsbruder Hans verärgert den Parteichef der Linken mit Spitzelvorwürfen gegen einen Bundestagsabgeordneten. Für die Linkspartei eine äußerst unangenehme Debatte - denn Ende August wird der Landtag gewählt. Von Markus Deggerich und Simone Kaiser mehr... (http://www.spiegel.de/politik/deutschland/0,1518,635560,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7062) ]

lunar
13.07.2009, 09:46
...bin eben über diesen Spruch gesolpert ---> Denn in der Gülle schwimmt die größte Sch..... immer oben :rolleyes

THEY'RE GOLDEN
GOLDMAN SACHS EXPECTED TO REPORT 'BLOWOUT' PROFITS (http://www.nytimes.com/2009/07/13/business/13goldman.html?_r=1&partner=rss&emc=rss) :mad

http://images.huffingtonpost.com/gen/92191/thumbs/r-GOLDMAN-SACHS-large.jpg (http://www.nytimes.com/2009/07/13/business/13goldman.html?_r=1&partner=rss&emc=rss)
Rolling Stone's Matt Taibbi On Goldman:
"The Great American Bubble Machine" (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print)






Quick Read (http://www.huffingtonpost.com/2009/07/12/goldman-sachs-likely-to-p_n_230287.html) |
Comments (658) (http://www.huffingtonpost.com/2009/07/12/goldman-sachs-likely-to-p_n_230287.html)
| Financial Crisis (http://www.huffingtonpost.com/news/wall-street)

lunar
13.07.2009, 09:52
12 July 2009

There Will Be No Recovery... (http://jessescrossroadscafe.blogspot.com/2009/07/there-will-be-no-recovery.html)
"The banks must be restrained, and the financial system reformed, and balance
restored to the economy, before there can be any sustained recovery."Often a closing comment from our blog, essentially this is what Robert Reich is saying in his recent essay on the economy.

The median wage must increase for consumption to resume, and for this to happen the heavy taxes of the financial sector and the oligarchs on the real economy must be lowered significantly.

There is reason for pessimism that this can happen voluntarily. I have come to the conclusion that there is a pathological drive in some small portion of the population to acquire and control and devour rather than consume, even to their own destruction.

The law sets limits on the speed on highways to protect the many from the reckless and willful behaviour of the few. That we ought not to set limits on the banking system is a remarkable bit of speciousness.

There are obvious questions of how best and how far to limit, and how to detect and prevent and prosecute violations, but the comparison is more valid than obtuse. But it is a poor argument to say that we ought not to do it at all because it is difficult, and perpetrators are always trying to find ways to circumvent the system, especially when it is the aspiring criminal element and their demimonde that is making the argument.

The comparison of this latest epidemic of bad economic behaviour is strikingly reminiscent of the Gilded Age at the end of the 19th century and the Roaring 20's. As you may recall both periods were followed by economic dislocation and a world in flames.

Why we allow this sort of bestial behaviour to ravage the many, in the mistaken support of 'free markets,' where nothing these people touch can remain free and effective and efficient for long, is truly an accomplishment of propaganda and those blinded by ideology.

Robert Reich (http://robertreich.blogspot.com/2009/07/when-will-recovery-begin-never.html)
When Will The Recovery Begin? Never.
Thursday, July 09, 2009

The so-called "green shoots" of recovery are turning brown in the scorching summer sun. In fact, the whole debate about when and how a recovery will begin is wrongly framed. On one side are the V-shapers who look back at prior recessions and conclude that the faster an economy drops, the faster it gets back on track. And because this economy fell off a cliff late last fall, they expect it to roar to life early next year. Hence the V shape.

Unfortunately, V-shapers are looking back at the wrong recessions. Focus on those that started with the bursting of a giant speculative bubble and you see slow recoveries. The reason is asset values at bottom are so low that investor confidence returns only gradually.

That's where the more sober U-shapers come in. They predict a more gradual recovery, as investors slowly tiptoe back into the market.

Personally, I don't buy into either camp. In a recession this deep, recovery doesn't depend on investors. It depends on consumers who, after all, are 70 percent of the U.S. economy. And this time consumers got really whacked. Until consumers start spending again, you can forget any recovery, V or U shaped.

Problem is, consumers won't start spending until they have money in their pockets and feel reasonably secure. But they don't have the money, and it's hard to see where it will come from. They can't borrow. Their homes are worth a fraction of what they were before, so say goodbye to home equity loans and refinancings. One out of ten home owners is under water -- owing more on their homes than their homes are worth. Unemployment continues to rise, and number of hours at work continues to drop. Those who can are saving. Those who can't are hunkering down, as they must.

Eventually consumers will replace cars and appliances and other stuff that wears out, but a recovery can't be built on replacements. Don't expect businesses to invest much more without lots of consumers hankering after lots of new stuff. And don't rely on exports. The global economy is contracting.

My prediction, then? Not a V, not a U. But an X. This economy can't get back on track because the track we were on for years -- featuring flat or declining median wages, mounting consumer debt, and widening insecurity, not to mention increasing carbon in the atmosphere -- simply cannot be sustained.

The X marks a brand new track -- a new economy. What will it look like? Nobody knows. All we know is the current economy can't "recover" because it can't go back to where it was before the crash. So instead of asking when the recovery will start, we should be asking when and how the new economy will begin. More on this to come.

Posted by Jesse at 10:59 AM (http://jessescrossroadscafe.blogspot.com/2009/07/there-will-be-no-recovery.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1424418034671387298) :verbeug

lunar
13.07.2009, 10:02
Wirtschaft: 13. Juli 2009, 09:50


US-Prozess gegen die UBS aufgeschoben (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-prozess_gegen_die_ubs_aufgeschoben_1.3010007.html)

Die USA zwischen Verhandlungsbereitschaft und Härte (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-prozess_gegen_die_ubs_aufgeschoben_1.3010007.html)

Die USA und die UBS haben um einen Aufschub des Prozesses um die Herausgabe von Kundendaten gebeten. Damit soll der Schweizer und der US-Regierung mehr Zeit für eine Verhandlungslösung gegeben werden. Die USA beharren aber auf einer Herausgabe von Kundendaten. (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-prozess_gegen_die_ubs_aufgeschoben_1.3010007.html) ... (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-prozess_gegen_die_ubs_aufgeschoben_1.3010007.html)http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-prozess_gegen_die_ubs_aufgeschoben_1.3010007.html)
http://www.nzz.ch/static-images/pixel.gif
http://www.nzz.ch/static-images/news_readmore.gif USA vs. UBS: Hitzige Suche nach Vergleich (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/hitzige_suche_nach_vergleich_1.3003212.html)
http://www.nzz.ch/static-images/news_readmore.gif Zeitraffer: US-Steueraffäre der UBS (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-steueraffaere_der_ubs_im_zeitraffer__1.3011002.html)




************************************








http://s.wsj.net/public/resources/images/P1-AQ650_UBS_D_20090712191753.jpg (http://online.wsj.com/article/SB124740851535228233.html#mod=article-outset-box) UBS, U.S. Prosecutors





In Talks on Tax Case (http://online.wsj.com/article/SB124740851535228233.html)



UBS and the governments of the U.S. and Switzerland are deep in talks to settle a major tax-evasion case that could require the Swiss bank to reveal some of the 52,000 or so account-holder names the U.S. has sought.

lunar
13.07.2009, 12:12
merci @ecki (http://www.hall-of-finance.de/forum/member.php?u=63) :)

http://www.titanic-magazin.de/uploads/pics/0908-joker_01.jpg

lunar
13.07.2009, 12:37
INSOLVENTER AUTOHERSTELLER

Französische Arbeiter drohen mit Sprengung ihres Werkes (http://www.spiegel.de/wirtschaft/0,1518,635803,00.html)

Sie fühlen sich von Großkonzernen fallengelassen und wehren sich mit radikalen Mitteln. Mitarbeiter des insolventen französischen Autoteile-Herstellers New Fabris wollen ihr Werk mit Gasflaschen in die Luft jagen - es sei denn, jeder erhält eine Abfindung von 30.000 Euro. mehr... (http://www.spiegel.de/wirtschaft/0,1518,635803,00.html)

...die Franzosen :eek :rolleyes :schwitz

lunar
13.07.2009, 13:17
PAGE ONE (http://online.wsj.com/public/search?article-doc-type=%7BA-hed%7D&HEADER_TEXT=a-hed)
JULY 11, 2009
'Sit! Stay! Snuggle!': An Iraq Vet Finds His Dog Tuesday

Trained for 2 Years, Retriever Helps Mr. Montalvan Get Back on His Feet


Comments (13) (http://online.wsj.com/article/SB124727385749826169.html#articleTabs_comments)
By YOCHI J. DREAZEN (http://online.wsj.com/search/search_center.html?KEYWORDS=YOCHI+J.+DREAZEN&ARTICLESEARCHQUERY_PARSER=bylineAND)

NEW YORK -- Like any other golden retriever seeking a treat, Tuesday nudged his owner's hand with his snout one recent morning and waited expectantly.

Luis Carlos Montalvan got up from a chair in his small Brooklyn apartment and walked to the kitchen. Tuesday followed close behind, eyes fixed on a white cabinet. The retriever sat alertly as Mr. Montalvan, an Iraq war veteran with severe post-traumatic stress disorder, reached for a vial of pills, lined a half-dozen on the table and took them one by one.

http://s.wsj.net/public/resources/images/HC-GN913_Dog_BV_20090710204855.gif Tuesday


The dog had gotten what he wanted: When the last pill was swallowed, he got up and followed his master out of the kitchen, tail wagging.

Tuesday is a so-called psychiatric-service dog, a new generation of animals trained to help people whose suffering is not physical, but emotional. They are, effectively, Seeing Eye dogs for the mind.

Tuesday is with Mr. Montalvan at all hours. Taught to recognize changes in a person's breathing, perspiration or scent that can indicate an imminent panic attack, Tuesday can keep Mr. Montalvan buffered from crowds or deliver a calming nuzzle. Other dogs, typically golden retrievers, Labradors or Labrador retriever blends, are trained to wake masters from debilitating nightmares and to help patients differentiate between hallucinations and reality by barking if a real person is nearby.

"Tuesday is just extraordinarily empathetic," said Mr. Montalvan, 36 years old, a retired Army captain who received a Purple Heart for wounds he suffered in Iraq. "In bad moments, he'll lay his head on my leg, and it'll be like he's saying, 'You're OK. You're not alone.'"......


....zum Glück gibt's Hunde :supi (....da ist übrigens nicht ironisch gemeint :o)

full story: http://online.wsj.com/article/SB124727385749826169.html

lunar
13.07.2009, 13:27
Germanasty :supi ...weil's so gute Laune macht ;):D http://img22.imageshack.us/img22/6885/204x.gif

lunar
13.07.2009, 16:32
Maxine Waters for Fed Chairman! (http://lolfed.com/2009/07/13/maxine-waters-for-fed-chairman/)

July 13th, 2009 by Jason · fail (http://lolfed.com/category/fail/)

http://lolfed.com/wp-content/uploads/financialwisdomin321.jpg

Since the beginning of time, Rep. Maxine Waters has been a veritable fount of unintentional hilarity. She, somehow, landed a spot on the House Committee on Financial Services, and on that committee’s subcommittees on Financial Institutions and Consumer Credit, and International Monetary Policy and Trade. This, despite no apparent understanding whatsoever of how money works on any scale larger than a personal checking account. Her latest contribution is a bill that would just ban credit default swaps altogether (http://www.bloomberg.com/apps/news?pid=20601087&sid=aKm1E6vW7Brc). Yes. This is her solution.
“Credit-default swaps are one of many contributing factors to the current economic crisis,” Waters, a California Democrat, said in a statement released at a hearing today on the Obama administration’s plan to rein in the $592 trillion industry. “Preventing all credit-default swaps is essential to bringing stability to the market and preventing a similar crisis in the future.”

That is the thing, which she said. Let’s not simply add some much-needed regulation to what is ultimately a useful financial instrument that was severely abused. Gracious, no! We should just ban them because she doesn’t understand them.

If this bill becomes law (of course not, but humor me), expect another bill that would outlaw Goldman Sachs, of whom Rep. Waters is no fan. (...das wäre zu schön :rolleyes:D)

OFvnL3npQgY&eurl

.....was hat Jason nur gegen diese Dame :rolleyes:confused sie spricht ja nur das an, was viele denken - ich finde das :supi auch wenn sie nicht gegen den Klüngel ankommt :o

lunar
13.07.2009, 18:56
....schade, dass der SPIEGEL so pingelig ist :mad hätte gerne die ganze story reingestellt :rolleyes






http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifGoldman Sachs: Software-Diebstahl offenbart Verwundbarkeit der Wall Street (http://www.spiegel.de/wirtschaft/0,1518,635682,00.html)
Software-Diebstahl offenbart Verwundbarkeit der Wall Street
Von Marc Pitzke (mpitzke@mac.com), New York
Ein brisanter Kriminalfall sorgt an der Wall Street für Wirbel: Der Computerexperte Sergej A. soll bei Goldman Sachs eine Software gestohlen haben, mit der sich die Märkte weltweit manipulieren lassen. Der Mann streitet alles ab - doch der Datentransfer zeigt, wie gefährlich die Lücken im System sind......
.....Mit besagter Software, die computerisierte Trades im Wert von vielen Millionen Dollar steuert, lassen sich der Staatsanwaltschaft zufolge Weltmärkte bewegen. Allein die Existenz eines solchen Programms in der Hand einer einzigen Wall-Street-Firma hat Befremden ausgelöst.......


......Es bestehe die Gefahr, dass ein kenntnisreicher Unbefugter dieses Programm "nutzen könne, um Märkte auf unfaire Weise zu manipulieren", sagte er vor dem Haftrichter. (....das würde :kotzGS natürlich nie in den Sinn kommen :o)....
Bei dem externen Server handelte es sich um XP-Dev.com (http://www.xp-dev.com/), eine Datenhosting-Site, deren Server sich physisch in Bayern befinden :eek
.....Bloomberg-Blogger Weil stört sich an der Behauptung der Staatsanwaltschaft, ein Diebstahl der Codes öffne einer breiteren Marktmanipulation die Türen: Heiße das nicht, dass "Goldman selbst diese Programme missbrauchen könnte"? (ja um Gottes Willen - wer würde so etwas GS unterstellen :dumm;) - obwohl :gruebel die glauben ja nicht an unseren Gott :rolleyes)
....erstaunlich ist eigentlich doch - bei den Amis wird nicht viel über diese Geschichte diskutiert - nach wie vor freuen sich alle auf die tollen Ergebnisse von GS :bad

lunar
13.07.2009, 19:01
.....kleiner Ausschnitt aus dem Interview :o


ZEHN WAHRHEITEN VON ... ELIOT SPITZER

"Schmerzt es? Wie die Hölle" (http://www.spiegel.de/panorama/justiz/0,1518,635808,00.html)

Der Gouverneur Eliot Spitzer war beliebt, Demokrat und ein Law-and-Order-Verfechter - er schien der perfekte Präsidentschaftskandidat zu sein. Doch dann stürzte er über seine Affäre mit einer Prostituierten. SPIEGEL-Reporter Klaus Brinkbäumer traf Spitzer nun in New York. mehr... (http://www.spiegel.de/panorama/justiz/0,1518,635808,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7884&goto=newpost) ]



.........Wie würden Sie auf das, was an der Wall Street rund um den Versicherungskonzern AIG geschehen ist, reagieren, wenn Sie noch Staatsanwalt wären?

4. "Hätte ich noch die alte Macht, falls ich also noch Vorladungen aussprechen könnte, würde ich vier Männer in vier Räume bitten und getrennt voneinander vernehmen: Ben Bernanke, den einstigen Chef der Zentralbank 'Fed', Timothy Geithner, den einstigen Chef der New Yorker Zentralbank und heutigen Finanzminister, Hank Paulson, den früheren Chef von Goldman Sachs und ehemaligen Finanzminister, und Lloyd Blankfein, den aktuellen Chef von Goldman Sachs. Befragen würde ich sie nach den Geldgeschenken durch den Staat, nach all den Milliarden. E-Mails und Dokumente müssten beschlagnahmt werden, ich hoffe sehr, dass der Kongress das noch macht. Die erste 70 Milliarden-Infusion für AIG zum Beispiel wurde nie wirklich hinterfragt. Warum so viel? Warum ohne Auflagen? Warum konnte AIG 12,9 Milliarden Dollar gleich weiterreichen an Goldman Sachs, mit all den einstigen Goldman-Leuten in der Regierung und obwohl Goldman Sachs hinterher erklärte, das Geld gar nicht zu benötigen; Goldman Sachs sitzt auf 100 Milliarden Dollar Bargeld. Ist Steuergeld für solche Deals gemacht? Sollte Steuergeld im Verhältnis 1:1 all die Verträge über Derivate erfüllen, 100 Cent pro Dollar also, auch wenn es absurd dumme Verträge waren?"

....zu schade, dass man diesen Mann ausgehebelt hat :(

lunar
13.07.2009, 19:07
Steinbrück provoziert sich ins Aus (http://www.spiegel.de/politik/debatte/0,1518,635893,00.html)

.....hoffentlich :rolleyes

lunar
13.07.2009, 22:47
13 July 2009

Stocks Rally With Wall Street Banks as King of the Hill (http://jessescrossroadscafe.blogspot.com/2009/07/stocks-rally-with-banks-on-run.html)


http://2.bp.blogspot.com/_H2DePAZe2gA/SluUAM8gKyI/AAAAAAAAJYE/lJ2TbB_b9QI/s400/mad_magazine_bank_cartoon.jpg (http://2.bp.blogspot.com/_H2DePAZe2gA/SluUAM8gKyI/AAAAAAAAJYE/lJ2TbB_b9QI/s1600-h/mad_magazine_bank_cartoon.jpg)Meredith Whitney made a bull call on Goldman, and the stock market rallied as a result.

There are some important qualifiers in this that the markets seem to be ignoring.

Goldman is positioned as more of a 'one-off' in her forecast, which remains decidedly gloomy for the overall economy, with unemployment as it is under reported by the BLS rising to 13%.

She believes that Goldman will benefit from being in the position to take fees and profits from the heavy government debt issuance to come in the US, especially since it was able to eliminate some long term rivals in Bear Stearns and Lehman Brothers.

Ironically, a richer Goldman does little or nothing for the overall economy since the company pays out about half its profits in bonuses to employees. There is some trickle down to the real economy as they buy their luxury cars, place their children in the finest private schools, and make huge contributions to key politicians, but not much else.

Goldman is not a commercial bank. It has taken on that name to tap into the Government funds, and despite their noises about paying back their TARP, they are huge beneficiaries of the ongoing bailout of AIG with their 100% payouts on Credit Default Swaps.

So, the people give their tax money to Goldman, and in turn a little of it trickles back to those working in the luxury industries, perhaps as servants to great households, and certainly as politicians managing the outlays of public monies to Wall Street.


The debasement of the currency is going to hit the middle class particularly hard, since the monetary inflation is being so heavily targeted to the wealthy few, while little or no quality jobs creation is stimulated. And it is the middle class that is paying for this, in more ways than one.

And economists call gold a barbarous relic.

WSJ (http://online.wsj.com/article/BT-CO-20090713-707602.html)
Meredith Whitney Bullish On Goldman,Sees 2Q Above Views
By Ed Welsch

NEW YORK (Dow Jones)--Goldman Sachs Group Inc. (GS) will benefit from being a key player in a "tsunami of debt issuance" by governments as they try to fill gaps in underfunded budgets, financial analyst Meredith Whitney said Monday in an upgrade of Goldman to "buy."

Whitney predicted Goldman Sachs would post second-quarter results Tuesday above Street estimates - she expects earnings of $4.65 a share, compared with the average analyst estimate of $3.48, according to a survey of analysts by Thomson Reuters. She set her 12-month price target on Goldman shares at $186.

Shares of Goldman Sachs rose 2.7% in recent trading to $145.75.

A bullish call from Whitney is rare; she gained renown during the financial crisis for initially unpopular bearish calls on the stocks of large banks that ultimately proved to be correct.

However, Whitney said her bullish view of Goldman is rooted in her overall bearish outlook for the U.S. economy and other U.S. financial companies. While Goldman has made most of its money in the past through a focus on equity markets, Whitney said during the next two years the firm will shift focus to the government debt markets, facilitating new issuance from local, state, federal and sovereign governments as they try to raise money to fill budget gaps.

Whitney raised her earnings estimates for Goldman in 2010 to $19.65, compared to the average analyst expectation of $14.44, and for 2011 to $22.10, compared to the average expectation of $16.75.

She predicted that sovereign and municipal debt markets will grow more than 20% over the next 18 months, and that the state and local municipal debt market could eventually grow more than 50%.

While Whitney predicted U.S. corporate debt will reach about 60% of the levels of the last three years, she said Goldman will get a larger share of that market as well, due to the absence of formerly key players, including Lehman Brothers Holding Inc. (LEH) and Bear Stearns Cos.

Whitney also expects Goldman to take advantage of relatively high capital levels to buy back stock, and by late 2010 could reach the share count level it had before raising capital this year and last.

Posted by Jesse at 3:29 PM (http://jessescrossroadscafe.blogspot.com/2009/07/stocks-rally-with-banks-on-run.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=8160713763562106224) :verbeug

....es wird geschrieben - alle (die wollen) wissen Bescheid - und immer noch lässt man die Geschäftspraktiken von GS und Freunde weiter laufen :dumm

lunar
13.07.2009, 22:53
...und weiter:

http://img1.blogblog.com/img/icon18_wrench_allbkg.png (http://www.blogger.com/rearrange?blogID=3782644139927778760&widgetType=Feed&widgetId=Feed1&action=editWidget) Monday, July 13, 2009

Is Meredith Whitney bullish now? (http://www.nakedcapitalism.com/2009/07/is-meredith-whitney-bullish-now.html)

Submitted by Edward Harrison of Credit Writedowns (http://www.creditwritedowns.com/feed).

Just when I was wondering where Meredith Whitney had gone, she’s back. But she has a whole new tone to her. In this interview on CNBC, she says she is expecting a monster number from Goldman (GS) tomorrow morning, in 2010 and in 2011. She is well above the street on Goldman. She even uses the word ‘cheap’ when referring to the stock. Is Meredith Whitney a bull now? Have a listen – she also talks about other names and sees Bank of America (BAC) as the one to watch. I like her reference to ‘junk in the trunk (http://en.wikipedia.org/wiki/Junk_in_the_trunk#Synonyms)’ when talking about JPMorgan Chase (JPM) in the 2nd video below.

(2 Videos)

Her comments seem a far cry from the bearish Meredith Whitney of yore. What happened to that woman? :rolleyes Maybe she read my post “Marc Faber: “it’s very tough for a forecaster who was ultra-bearish to stay bearish (http://www.creditwritedowns.com/2009/05/marc-faber-its-very-tough-for-a-forecaster-who-was-ultra-bearish-to-stay-bearish.html).”

For a view of what Whitney sounded like just a few months ago, see my May post “Meredith Whitney seems onboard with the fake recovery (http://www.creditwritedowns.com/2009/05/meredith-whitney-seems-onboard-with-the-fake-recovery.html)” or my April post “Meredith Whitney: Regardless of stress tests, banks will still need more capital (http://www.creditwritedowns.com/2009/04/meredith-whitney-regardless-of-stress-tests-banks-will-still-need-more-capital.html).” She sounds very different today and is singing a tune I first got onboard with in April (“Wells profit forecast is a clear bullish sign (http://www.creditwritedowns.com/2009/04/wells-profit-forecast-is-a-clear-bullish-sign.html)”). But, given the huge run up in shares, I do question how much more upside there is to bank shares now despite what are likely to be very good earnings. Let’s see how Goldman’s earnings and shares do and that should be a good test.

You will notice that in the first video she suggests that the disappearance of the likes of Lehman and Bear are good for the surviving behemoths (which increases banking concentration (http://www.nakedcapitalism.com/2009/07/how-globalisation-led-to-universal.html), a point I just made).

UPDATE 1230ET: Whitney makes a point regarding loan modifications that I first made on May 26th (“How refinancing helps the likes of Bank of America and Wells Fargo (http://www.creditwritedowns.com/2009/05/how-refinancing-helps-the-likes-of-bank-of-america-and-wells-fargo.html)”) i.e. that the big banks are getting a HUGE incentive to do refis and this will goose their earnings short-term in three ways: a. they get a refinancing fee that goes straight to current income. b. they get an incentive fee due to rules the government made on May 21st, the subject of my May 26th post. c. the banks get to at least delay writedowns because past due mortgages become current and this will decrease their loan loss provisions over the short-term. Nevertheless, home mortgage default recidivism means that re-default likelihood is high and that the writedowns will eventually have to be taken. Whitney seems to be saying this makes banks a good trading play, not a good holding play.

lunar
14.07.2009, 09:27
Goldman Execs Sold $700M Of Stock, Most Of It During Bailout (http://www.ft.com/cms/s/0/01ca4732-6fed-11de-b835-00144feabdc0.html)

http://images.huffingtonpost.com/gen/92482/thumbs/r-GOLDMAN-SACHS-STOCK-large.jpg (http://www.ft.com/cms/s/0/01ca4732-6fed-11de-b835-00144feabdc0.html)





Quick Read (http://www.huffingtonpost.com/2009/07/13/goldman-execs-sold-700m-o_n_231129.html) |
Comments (767) (http://www.huffingtonpost.com/2009/07/13/goldman-execs-sold-700m-o_n_231129.html)
| Goldman Sachs (http://www.huffingtonpost.com/news/goldman-sachs)

.......Goldman executives sold $700m of stock By Greg Farrell in New York

Published: July 13 2009 23:33 | Last updated: July 13 2009 23:33

Executives at Goldman Sachs (http://markets.ft.com/tearsheets/performance.asp?s=us:GS)sold almost $700m worth of stock following the collapse of Lehman Brothers last September, according to filings with the Securities and Exchange Commission.

Most of the sales occurred during the period in which the investment bank enjoyed the support of $10bn from the troubled asset relief programme.

The surge in selling among Goldman partners, at a time when the US government had thrown a lifeline to Wall Street, is likely to draw criticism from lawmakers on Capitol Hill (....passiert eh nix :mad) Having survived the crisis, the bank is expected to report strong second-quarter earnings on Tuesday on rebounding trading profits......

lunar
14.07.2009, 09:39
The Economy Is Even Worse Than You Think

The average length of unemployment is higher than it's been since government began tracking the data in 1948.


By MORTIMER ZUCKERMAN (http://online.wsj.com/search/search_center.html?KEYWORDS=MORTIMER+ZUCKERMAN&ARTICLESEARCHQUERY_PARSER=bylineAND)

The recent unemployment numbers have undermined confidence that we might be nearing the bottom of the recession. What we can see on the surface is disconcerting enough, but the inside numbers are just as bad.

The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion.

Here are 10 reasons we are in even more trouble than the 9.5% unemployment rate indicates:

http://s.wsj.net/public/resources/images/ED-AJ832_zucker_D_20090713172744.jpg David Klein


- June's total assumed 185,000 people at work who probably were not. The government could not identify them; it made an assumption about trends. But many of the mythical jobs are in industries that have absolutely no job creation, e.g., finance. When the official numbers are adjusted over the next several months, June will look worse.

- More companies are asking employees to take unpaid leave. These people don't count on the unemployment roll......

full story: http://online.wsj.com/article/SB124753066246235811.html#mod=rss_opinion_main



Comments (15) (http://online.wsj.com/article/SB124753066246235811.html#articleTabs_comments)
....einer der Kommentare:

http://synccontent.wsj.com/Imagestore/name/ks/de/ksdenninger.80x80.png (http://online.wsj.com/community/ksdenninger) Karl Denninger (http://online.wsj.com/community/ksdenninger) wrote:

Nothing matters folks so long as the excessive debt remains on balance sheets.

It is the excessive levels of DEBT that have flattened the economy. When you pull forward demand with debt it works until the carrying costs exceed incomes - then it STOPS working and the machine runs in reverse, producing job losses and and GDP declines.

There is NO solution that does not involve ridding the system of this excessive debt. We have not had an "excess debt" recession since the 1930s - we called that "The Great Depression", and it stunk, mostly because the only person who got it right was Mellon - "liquidate liquidate liquidate."

The fallacy is that there is a way to ease the pain and make it hurt less. That's false - the least-damaging path is in fact THROUGH, that is, to force the losses to be taken immediately and bankruptcies to happen, because that - and only that - flushes the bad debt out of the system.

That may be politically unpalatable, but it is also the only choice that will work.

"More stimulus" will not work as that will simply add MORE debt.

Sorry Mr. Zuckerman, until the debt is defaulted we can't fix this on a DURABLE basis.

lunar
14.07.2009, 09:45
PETER SCHIFF JULY 13, 2009 SLAMS CNBC FED CHEERLEADER DENNIS KNEAL


njVvdsIn5pE&eurl :cool

lunar
14.07.2009, 10:12
http://www.nposolution.com/epaper/taz/logo.gif


«Trägt es die Richtige, bist du ausverkauft»

Mit Sarah Brunner* sprach Andreas Scheiner Alles andere als schlampig: Unter der Marke Rich Bitch bringt Sarah Brunner eine Zürcher T-Shirt-Kollektion heraus, die zu reden gibt. Denn ihre Shirts können sprechen.

Frau Brunner, wie bitte kommt man auf einen Namen wie Rich Bitch?

«Bitch» interpretieren bei uns viele als Schlampe, in Amerika ist es eher ein Kompliment und wird in TV-Shows kaum mehr zensiert. Wirklich?

Es bezeichnet eine starke Frau, die weiss, was sie will. Während der Präsidentschaftswahlen wurde Hillary Clinton als Bitch bezeichnet und Sarah Palin als Ditz (eine reiche, dumme Frau vom Land). Das hat mich auf die Idee gebracht. Und wieso «rich»?.......

......Ich habe zwei schwere Krankheiten hinter mir, diese waren der Auslöser dafür, dass ich etwas Wohltätiges machen wollte. Ein Euro pro Verkauf geht an Pro Infirmis. Haben Sie ein grosses Ziel, einen Traum?

Als Chanel der T-Shirts in die Geschichte eingehen. Nein, Scherz.

* Sarah Brunner hat am London College of Fashion studiert. Sie ist im Bündnerland aufgewachsen, lebte in New York und London und wohnt nun in Zürich. Aus ihrem Alter macht sie ein Geheimnis.

www.rich-bitch.ch (http://www.rich-bitch.ch/)

lunar
14.07.2009, 11:04
Five biggest holes (this is absolutely not off topic) (http://goldtent.net/wp_gold/2009/07/14/five-biggest-holes-this-is-absolutely-not-off-topic/)

-> Posted by Israeli @ 4:45 am on July 14, 2009
http://articles.mercola.com/sites/articles/archive/2009/07/14/5-Amazing-Holes.aspx




.......5. And the really terrifying one! :rolleyes;)

Germanasty
14.07.2009, 13:31
Sorry Doppelposting


Moin Lunar,
Deine Freunde von GS haben wieder zugeschlagen:
US-GELDHAUS
Goldman-Banker verkauften nach Staatshilfe massenhaft eigene Aktien
US-Geldhaus: Goldman-Banker verkauften nach Staatshilfe massenhaft eigene Aktien

Washington half den Banken, die Banker nutzten die Gelegenheit und machten Kasse: Manager des Geldhauses Goldman Sachs haben nach Auszahlung der Hilfsmilliarden für die US-Finanzindustrie massiv eigene Aktien auf den Markt geworfen. Der Gesamterlös: rund 700 Millionen Dollar. mehr... [ Forum ]

lunar
14.07.2009, 15:20
@Germanasty :) ....meine :kotzFreunde schätzen die Menschen wohl richtig ein - so viel Dummheit muss bestraft werden, wenn es auch wie immer die Falschen trifft :mad

lunar
14.07.2009, 18:29
14 July 2009

Spitzer Agonistes Redux (http://jessescrossroadscafe.blogspot.com/2009/07/spitzer-agonistes.html)


http://2.bp.blogspot.com/_H2DePAZe2gA/SlyhRQbWqtI/AAAAAAAAJYU/3pr61juFcSo/s400/bankbailout.JPG (http://2.bp.blogspot.com/_H2DePAZe2gA/SlyhRQbWqtI/AAAAAAAAJYU/3pr61juFcSo/s1600-h/bankbailout.JPG)It is too bad Eliot could not have exercised better judgement, knowing that he would be targeted by the powers on Wall Street and Washington when he took them on. See the quote at the top of this blog for the most likely reason.

That he was exposed in his scandal by an intense Federal investigation speaks to the depth of the corruption of Washington under Bush, and even now, by the financial powers.

He is right of course, and everything that the Obama Administration is doing on the economic front is a sham.

There is a 'new regulatory spirit' and the Democrats under the skillful hand of Larry Summers and Barney Frank seek to channel it into irrelevancy.

Spitzer Says Banks Made ‘Bloody Fortune’ on U.S. Aid
By Laura Marcinek

July 14 (Bloomberg) -- Eliot Spitzer, the former New York governor and attorney general, said U.S. banks made a “bloody fortune” while receiving taxpayer money without a proven benefit to the wider economy.

Politicians understand the “populist rage” with excesses in the financial industry and in this case the “public is right,” said Spitzer in a Bloomberg Television interview today. “We have saved financial services, we have not created a single job. We are still bleeding jobs.”

As New York attorney general, Spitzer was known as “the sheriff of Wall Street.” He changed business practices and collected billions of dollars in settlements from financial corporations such as Merrill Lynch & Co., American International Group Inc. and Marsh & McLennan Cos. He later became governor, resigning in March 2008 after he was identified as a client of the Emperors Club VIP, a high-priced prostitution ring.

Spitzer said new rules proposed by President Barack Obama’s administration are irrelevant because regulators failed to enforce existing regulations.

“Regulatory agencies already had the power to do everything they needed to do,” he said. “They just affirmatively chose not to do it.”

“You don’t need new regs to do it, you just need the will to do what they were supposed to do,” he said.

‘Hands Off’

Former Federal Reserve chairman Alan Greenspan had “avowed a theory of hands off” while he oversaw the financial markets and didn’t consider himself a regulator, Spitzer said.

“What we’re seeing now is a new regulatory spirit,” he said.

Spitzer said the lessons of the financial crisis will only be remembered over a short period of time.

“Over and over we fall into the same trap,” he said. “Ten years from now we will have forgotten.”




Posted by Jesse at 10:05 AM (http://jessescrossroadscafe.blogspot.com/2009/07/spitzer-agonistes.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2530418714674616944) :verbeug

Ten years from now......:rolleyes ist doch jetzt schon fast vergessen :mad

lunar
14.07.2009, 18:38
:kiff:kiff:kiff:kiff http://www.dw-world.de/image/0,,4485251_1,00.jpg :kiff:kiff:kiff:kiff

lunar
14.07.2009, 20:08
.....das hoffe ich nun wirklich nicht :mad

Damn, It Feels Good To Be Lloyd Blankfein (http://lolfed.com/2009/07/14/damn-it-feels-good-to-be-lloyd-blankfein/)

July 14th, 2009 by alyx · goldman sachs (http://lolfed.com/category/goldman-sachs/)

http://lolfed.com/wp-content/uploads/blankfein-f-the-hataz.jpg

So… Matt Taibbi has accused you of being the One Bank To Rule Them All, exploiting loopholes and keeping the government in your back pocket. You’ve done so much program trading that people think you’re that computer in WarGames playing tic tac toe with itself. Some guy has tried to steal your proprietary go-codes, with which you were, of course, planning to take over the world itself. You’ve gone *shazam* and turned yourself into a bank, then you’ve taken TARP money, supposedly with a gun to your head, flipped it into fast ca$h, and paid it back as fast as you could get the okay.

You are Goldman Sachs, and how do you top an act like that? By blowing away your earnings estimates (http://www.bloomberg.com/apps/news?pid=20601087&sid=a2jo3RK2_Aps), of course:
Goldman Sachs Group Inc. posted record earnings as revenue from trading and stock underwriting reached all-time highs less than a year after the firm took $10 billion in U.S. rescue funds.

Second-quarter net income was $3.44 billion, or $4.93 a share, the New York-based bank said today in a statement. That surpassed the $3.65 per-share average estimate of 22 analysts surveyed by Bloomberg and was 65 percent higher than last year’s second quarter.

They’re also - gasp - paying people, to the tune of $6.65 billion, with only a 1% cut in headcount.

JPM, C, and BAC are also on tap this week. We’re expecting similar swagger from Jamie Dimon and for the latter two to bring the lulz. Jamie, Ken, Bandit… please don’t let us down.

lunar
14.07.2009, 21:09
Tuesday, July 14, 2009

Gasparino Tells CNBC To Stop Protecting Goldman (http://zerohedge.blogspot.com/2009/07/gasparino-tells-cnbc-to-stop-protecting.html)

Posted by Tyler Durden at 2:35 PM (http://zerohedge.blogspot.com/2009/07/gasparino-tells-cnbc-to-stop-protecting.html)
In a scathing expose of Goldman (has Goldman suddenly become the media's punching bag), Gasparino gets yanked off the air for telling it how it is. Chaz concludes by telling CNBC to stop protecting Goldman (fast forward to the 3 minute mark). Crickets ensue as MC Cabrera pulls off her b(r)est Blue Steel impersonation.

.....das auf CNBC :supi kann man nur hoffen, dass dem guten Gasparino nix passiert :schwitz

lunar
14.07.2009, 22:20
QUARTALSGEWINN

Goldman taktiert sich zum Milliardenerfolg (http://www.spiegel.de/wirtschaft/0,1518,636181,00.html)

http://www.spiegel.de/img/0,1020,1588726,00.jpg (http://www.spiegel.de/wirtschaft/0,1518,636181,00.html)
Die Bankbranche applaudiert: Mit dem besten Quartalsgewinn seit dem Rekordjahr 2007 feiert Goldman Sachs ein glänzendes Comeback. Ausgerechnet Geschäfte mit der Krise haben den Geldkonzern wieder stark gemacht - auch auf Kosten seiner Rivalen. Von Marc Pitzke, New York mehr... (http://www.spiegel.de/wirtschaft/0,1518,636181,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7821) ]


......Bei Goldman kommt das erwartungsgemäß nicht gut an. Sprecher Lucas Van Praag nannte Taibbis Bericht "eine hysterische Ansammlung von Verschwörungstheorien" und wies energisch zurück, dass sein Haus "von Krisen profitiert". Zur Untermauerung fügte er noch hinzu: "Wir sind uns schmerzlich bewusst, wie wichtig es ist, eine Kraft des Guten zu sein."

....ob Herr Pitzke auch daran glaubt :dumm

Hoka
15.07.2009, 03:57
PETER SCHIFF JULY 13, 2009 SLAMS CNBC FED CHEERLEADER DENNIS KNEAL


njVvdsIn5pE&eurl :cool

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1248758#post1248758)
Köstlich! http://goldismoney.info/forums/images/smilies/36_11_6.gif

lunar
15.07.2009, 09:02
:mad


ZIVILE OPFER

Gaza-Veteranen werfen Israel brutale Kriegsführung vor (http://www.spiegel.de/politik/ausland/0,1518,635769,00.html)



Ein gerechter Krieg - so stellt Israel seine Militäroperation Anfang des Jahres im Gaza-Streifen dar. Es sei alles getan worden, um Unschuldige zu schonen. Aussagen von Soldaten, die SPIEGEL ONLINE vorliegen, widerlegen das: Demnach gab es mutwillige Zerstörungen und gezielte Tötungen von Zivilisten. Von Christoph Schult, Jerusalem mehr... (http://www.spiegel.de/politik/ausland/0,1518,635769,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7899&goto=newpost) ]

lunar
15.07.2009, 09:57
....sorry falls jemandem GS zum Hals raus hängt - auch dieser ehemalige CNBC Mann.....lohnt sich anzuhören :cool:mad ...es müsste doch endlich aufrütteln - wird wohl wieder nix :gomad

...sitting on 19Billion....risk giving to the taxpayer.....they got 100cents on the dollar from the taxpayer.....Dick Durban said ---> "...the banks are still the most powerful lobby on Capitol Hill, quite frankly they own the place" :gomad

http://zerohedge.blogspot.com/2009/07/ratigan-and-ritholtz-discuss-goldman.html

lunar
15.07.2009, 10:00
http://graphics8.nytimes.com/ads/marketing/mm09/style_070909_g.jpg (http://www.nytimes.com/adx/bin/adx_click.html?type=goto&opzn&page=global.nytimes.com/yr/mo/day/opinion&pos=Box1&sn2=90bbd0eb/4b2310a9&sn1=ac6e1f05/2b0b1729&camp=IHT2009-Mktg-336x280-GE_ROS-Intl-Mktg_module&ad=336x280_Mktg_Module_Style_July_9&goto=http://www.nytimes.com/2009/07/08/fashion/08iht-rchris.html?_r=1&ref=global)

Christian Lacroix: Cheers and a Few Tears (http://www.nytimes.com/2009/07/08/fashion/08iht-rchris.html?ref=global) :(

By SUZY MENKES

The couturier showed what may have been his final high fashion collection -- a perfectly judged show of clothes without a hint of costume.


Also in Global Style » (http://www.nytimes.com/adx/bin/adx_click.html?type=goto&opzn&page=global.nytimes.com/yr/mo/day/opinion&pos=Box1&sn2=90bbd0eb/4b2310a9&sn1=e452f94e/8b023f57&camp=IHT2009-Mktg-336x280-GE_ROS-Intl-Mktg_module&ad=336x280_Mktg_Module_Style_July_9&goto=http://global.nytimes.com/style/?)

lunar
15.07.2009, 10:20
....oft finde ich die Kommentare interessant :o




http://www.gravatar.com/avatar.php?gravatar_id=67c6e18cd3ea5c88540aefb4117c70cb&size=32&default=http://media.disqus.com/images/noavatar32.png (http://disqus.com/people/ferchizzle/)
ferchizzle 3 hours ago (http://zerohedge.blogspot.com/2009/07/ratigan-and-ritholtz-discuss-goldman.html#comment-12676012)
I can totally understand the outrage that many have had against Goldman's reported profits for the quarter. But, I think the outrage is misdirected because any other financial institution in their position would have done what ever they could have to maximize profit. With that in mind, shouldn't the outrage be directed towards the individuals or entities that enables a company like Goldman to do what they do???
http://www.gravatar.com/avatar.php?gravatar_id=5248810606bbb1f42323bc5089018394&size=32&default=http://media.disqus.com/images/noavatar32.png (http://disqus.com/people/ghostfaceinvestah/)
ghostfaceinvestah 3 hours ago (http://zerohedge.blogspot.com/2009/07/ratigan-and-ritholtz-discuss-goldman.html#comment-12676492)
just because you have the opportunity to steal, doesn't mean you should steal.
by your theory, we should all rip each other off if given the chance? all within the law, of course
http://media.disqus.com/uploads/users/37/4136/avatar32.jpg

SB (DoubleDown) 2 hours ago (http://zerohedge.blogspot.com/2009/07/ratigan-and-ritholtz-discuss-goldman.html#comment-12677429)
43M (to politicians) to protect Goldman's 19 Billion profit (all paid for by us and our children via those same elected officials)
Now that is the best arb, swap or hedge I ever heard of in history...
Does anyone else feel sick?


.....und viele mehr - http://zerohedge.blogspot.com/2009/07/ratigan-and-ritholtz-discuss-goldman.html

lunar
15.07.2009, 10:37
http://www.spiegel.de/img/0,1020,962771,00.jpg (http://www.spiegel.de/wirtschaft/0,1518,634996,00.html)
EIDGENÖSSISCHE IDEE

Schweizer planen die Schokorevolution (http://www.spiegel.de/wirtschaft/0,1518,634996,00.html)

Schokolade gehört zur Schweiz wie die Alpen: Jetzt hat der eidgenössische Weltmarktführer Barry Callebaut ein Kakaoprodukt entwickelt, an dem die Konkurrenz über 60 Jahre lang erfolglos getüftelt hat - es ist kalorienarm und hitzefest. Von Alice Chalupny mehr... (http://www.spiegel.de/wirtschaft/0,1518,634996,00.html)

http://www.cash.ch/boerse/kursinfo/charts/Barry-Callebaut/900296/4/1/YEAR1 Barry Callebaut N 613.50 +0.90% 5.50 10:18:54

hmmm.....:gruebel es geht mir doch nix über ein leckeres Truff de Jour oder die Chili-Schoggi von Lindt & Sprüngli :lick
allerdings wenn man in der Wüste unterwegs sein sollte :cool;)

lunar
15.07.2009, 10:50
....sehr interessante Artikel :supi
http://www.spiegel.de/img/0,1020,1588732,00.jpg (http://www.spiegel.de/reise/fernweh/0,1518,630588,00.html)
HANOI

Die Rache der Viet-Dong (http://www.spiegel.de/reise/fernweh/0,1518,630588,00.html)

Alles geht, und alles geht gleichzeitig in Hanoi: Vietnams Hauptstadt führt ein Doppelleben zwischen Kapitalismus und Kommunismus. Die Vergangenheit ist weit weg - für die Jugend ist Ho Chi Minh vor allem ein Stadtname und B 52 ein Cocktail. Von Alexander Smoltczyk mehr... (http://www.spiegel.de/reise/fernweh/0,1518,630588,00.html)





(http://www.spiegel.de/reise/fernweh/0,1518,630588,00.html)

lunar
15.07.2009, 17:23
BoA’s Plan For Solvency (http://lolfed.com/2009/07/15/boas-plan-for-solvency/)

July 15th, 2009 by Jason · all ur bankz (http://lolfed.com/category/all-ur-bankz/), fail (http://lolfed.com/category/fail/)

http://lolfed.com/wp-content/uploads/kensbigplan.jpg

Ken Lewis has a plan to save Bank of America. Read on (http://www.boston.com/news/local/new_hampshire/articles/2009/07/15/nh_man_charged_23148855308184500_plus_fee/):

Josh Muszynski swiped his debit card at a gas station to buy a pack of cigarettes. His bank account showed he spent over 23 quadrillion dollars.

He checked his account online a few hours later, expecting to see a couple hundred dollars — but the 17-digit number that rivals even the national debt confronted him.

Muszynski called Bank of America about the string of numbers and a $15 overdraft fee the bank tacked on to his mysterious debt. After two hours on the phone, Muszynski said, the representative on the line had no idea what to say, WMUR-TV reported.

Yes, Bank of America had debited his account for $23,148,855,308,184,500. Quadrillion is the one after trillion. And then, as if that were not insult enough, tacked on a $15 fee on top of it, as if to say, “Hey buddy, we’ll let this one slide, but try not making purchases of sixteen hundred times the national debt in the future”

Now, clearly, BoA had to remove that charge, but one wonders if Ken wanted to see black numbers on the balance sheet so badly that he picked a random account number out of a hat and had that guy charged an outrageous amount of money (plus fifteen bucks, because), on purpose. And hey, eventually they’re going to hit someone who doesn’t keep up with their account so well, and when they do, Ken Lewis is BACK, baby!

:rolleyes

lunar
15.07.2009, 18:15
Conductor Edward Downes And Wife Joan Die In Swiss Suicide Clinic (http://www.huffingtonpost.com/2009/07/14/conductor-edward-downes-a_n_231204.html)

July 14, 2009 10:34 PM EST | http://www.huffingtonpost.com/images/v/ap_wire.png

http://www.huffingtonpost.com/huff-wires/20090714/eu-britain-obit-downes/images/4e0d269f-459d-4bd6-a11c-190f49a289b3.jpg This undated handout photo made available Tuesday July 14, 2009 shows renowned British conductor Edward Downes. (AP Photo/Bill Cooper/PA Wire) UNITED KINGDOM OUT NO SALES NO ARCHIVE

LONDON — He spent his life conducting world-renowned orchestras, but was almost blind and growing deaf – the music he loved increasingly out of reach. His wife of 54 years had been diagnosed with terminal cancer. So Edward and Joan Downes decided to die together.

Downes – Sir Edward since he was knighted by Queen Elizabeth II in 1991 – and his wife ended their lives last week at a Zurich clinic run by the assisted suicide group Dignitas. They drank a small amount of clear liquid and died hand-in-hand, their two adult children by their side. He was 85 and she was 74.

The deaths were a poignant coda to Edward Downes' illustrious musical career, and have reignited a debate in Britain about whether people should be able to help ailing loved ones end their lives.....

full story: http://www.huffingtonpost.com/2009/07/14/conductor-edward-downes-a_n_231204.html

Dignitas ist sehr umstritten - ich meine aber wenn man nicht mehr weiterleben will oder nur noch unter Qualen, dann sollte doch ein Mensch selber bestimmen können ob er will oder nicht.

lunar
15.07.2009, 18:47
15 July 2009

Next Crisis on Deck or on the Far Horizon? (http://jessescrossroadscafe.blogspot.com/2009/07/next-crisis-on-deck-or-on-far-horizon.html)


The derivatives market is about as ugly as it gets, and puts a new edge on 'too big to fail, to big to exist."

The banks want to keep the game going because it suits their current model of taking risks, making huge bonuses, and writing off the losses to the public.

It remains to be seen if the Obama Administration has what it takes to regulate and rein in the banks. While Larry Summers and Tim Geithner are on the team the answer is probably 'no.'

One thing which strikes us as odd is the singling out of the stimulus as a source of future crisis. All things considered two trillion in stimulus acorss the globe is a relative drop in the buck compared to what the bank bailouts are costing.

Wall Streeters and their demimonde hate stimulus packages to the ordinary Joe, even if all they do is ease the pain in transition, unless there is a way to charge fees in its distribution, and turn it into a profit-making venture for them.

The Obama economic team is incompetent, and probably much more. Its a great disappointment. (....leider scheint es so zu sein :()
I think the timeframe Mr. Mobius has for the next major crisis is way out on the far edge of any timeframe we think is probably by about double or more.

Let's see how the Boys handle the burgeoning Commercial Real Estate, Pension, and Stage Government crises.

They have all the wrong moves here.

http://2.bp.blogspot.com/_H2DePAZe2gA/Sl4JV8q6MoI/AAAAAAAAJYk/WnthxjTmkbQ/s1600/big6derivatives070409.pnghttp://3.bp.blogspot.com/_H2DePAZe2gA/Sl4MO8fbA5I/AAAAAAAAJZE/3KIkzWBktzA/s1600/bankcdscommod070409.png

Mobius Says Derivatives, Stimulus to Spark New Crisis
By Kevin Hamlin (Beijing)

July 15 (Bloomberg) -- A new financial crisis will develop from the failure to effectively regulate derivatives and the extra global liquidity from stimulus spending, Templeton Asset Management Ltd.’s Mark Mobius said.

“Political pressure from investment banks and all the people that make money in derivatives” will prevent adequate regulation, said Mobius, who oversees $25 billion as executive chairman of Templeton in Singapore. “Definitely we’re going to have another crisis coming down,” he said in a phone interview from Istanbul on July 13.

Derivatives contributed to almost $1.5 trillion in writedowns and losses at the world’s biggest banks, brokers and insurers since the start of 2007, according to data compiled by Bloomberg. Global share markets lost almost half their value last year, shedding $28.7 trillion as investors became risk averse amid a global recession.

The U.S. Justice Department is investigating the market for credit-default swaps, Markit Group Ltd., the data provider majority-owned by Wall Street’s largest banks, said July 13.

Mobius didn’t explain what he thought was needed for effective regulation of derivatives, which are contracts used to hedge against changes in stocks, bonds, currencies, commodities, interest rates and weather. The Bank for International Settlements estimates outstanding derivatives total $592 trillion, about 10 times global gross domestic product.

Looming Crisis

“Banks make so much money with these things that they don’t want transparency because the spreads are so generous when there’s no transparency,” he said.

A “very bad” crisis may emerge within five to seven years as stimulus money adds to financial volatility, Mobius said. Governments have pledged about $2 trillion in stimulus spending.

The Justice Department’s antitrust division sent civil investigative notices this month to banks that own London-based Markit to determine if they have unfair access to price information, according to three people familiar with the matter.

Treasury Secretary Timothy Geithner last week urged Congress to rein in the derivatives market with new U.S. laws that are “difficult to evade.” He said strong capital requirements were the key.

Geithner repeated President Barack Obama’s call to force “standardized” contracts onto exchanges or regulated trading platforms, and regulate all dealers.

Credit Freeze

The plan to regulate the derivatives market is part of a wider overhaul of financial industry rules meant to prevent any possibility of a repeat of last year, when the collapse of Lehman Brothers Holdings Inc. and American International Group Inc. froze credit markets and worsened the global recession.

In the Senate, Agriculture Committee Chairman Tom Harkin, an Iowa Democrat, is pushing for legislation that would require all over-the-counter derivatives trades be traded on regulated exchanges, not just standardized ones as the Obama administration is seeking.

U.K. banks will be forced to curb trading activity that helped cause the global financial crisis, Britain’s top financial regulator said last month, while stopping short of seeking to separate their lending and securities units.

“Banks have lobbied hard against any changes that would make them unable to take the kind of risks they took some time ago,” said Venkatraman Anantha-Nageswaran, global chief investment officer at Bank Julius Baer & Co. in Singapore. “Regulators are not winning the battle yet and I’m not sure if they are making a strong case yet for such changes.”

Mobius also predicted a number of short, “dramatic” corrections in stock markets in the short term, saying that “a 15 to 20 percent correction is nothing when people are nervous.”

Emerging-market stocks “aren’t expensive” and will continue to climb, Mobius said. He said he favors commodities and companies such as London-based Anglo American Plc, which has interests in platinum, gold, diamonds, coal and base metals.

In China and India, Mobius sees value in consumer-oriented stocks and banks, he said.

Posted by Jesse at 12:30 PM (http://jessescrossroadscafe.blogspot.com/2009/07/next-crisis-on-deck-or-on-far-horizon.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=7238894998760696126) :verbeug

lunar
15.07.2009, 19:20
:o.

lunar
15.07.2009, 19:48
Russian activist Natalya Estemirova found dead

The prize-winning Russian human rights activist Natalya Estemirova was found dead in Ingushetia on Wednesday after being abducted earlier in the neighbouring region of Chechnya, it has been reported.


By our Foreign Staff and Agencies in Moscow
Published: 3:37PM BST 15 Jul 2009

http://www.telegraph.co.uk/telegraph/multimedia/archive/01443/natayia_estemirova_1443908c.jpg Natalia Estemirova speaks at a protest rally in Grozny, Chechnya, earlier this year Photo: AP

Her corpse, which showed signs of a violent death, was found at 5.20pm (1320 GMT) near Ingushetia's main city Nazran, ITAR-TASS news agency said, citing the regional interior ministry...

full story: http://www.telegraph.co.uk/news/worldnews/europe/russia/5835198/Russian-activist-Natalia-Estemirova-found-dead.html




:(:gomad:cry

lunar
15.07.2009, 19:51
Mittwoch, 15. Juli 2009
Unwetter sorgen für Millionenschäden

Heftige Gewitter und Regenfälle von Bern bis Schaffhausen und Hagelschäden in Bern und Luzern. Dies ist die Bilanz nach einer stürmischen Wetterfront in der vergangenen Nacht. Dazu kamen Blitze, die ein regelrechtes Lichtspiel auslösten.


http://estb.msn.com/i/2D/D67F48A094C822702039C98F8F6561.jpg

© colourbox/symbolbild

Die Stadt Bern in der Nacht auf Mittwoch.

Weite Teile der Schweiz wurden von Blitz, Donner, starken Regenfällen und Hagel heimgesucht. In Bern kam es zu Stromunterbrüchen, Hagel richtete vor allem im Luzernischen Schaden an. Im Unteren Aaretal wurde laut SF Meteo innerhalb von wenigen Stunden rund 70 Liter Regen pro Quadratmeter gemessen, im Oberbaselbiet und in der Region Schaffhausen rund 63 Liter. Auch im Seeland prasselte mit 40 bis 60 Litern viel Regen nieder.

Die Schäden

Vor allem in den Kantonen Bern und Luzern, aber auch in der Region Montreux, hagelte es. Die Versicherung erwartet rund 300 Schadenmeldungen in der Höhe von total 1,5 Millionen Franken. Von grösseren Schäden geht die Gebäudeversicherung im Kanton Luzern aus: Sie erwartet rund 400 Meldungen mit einer Schadenssumme von 2 Millionen Franken. Keine grösseren Gebäudeschäden wurden im Kanton Bern angerichtet, wie es bei der bernischen Gebäudeversicherung hiess.

Glimpflich verliefen in Bern Blitzeinschläge in drei Häuser. Lediglich in einem Fall entstand in einem Dachbalken eines Bauernhauses ein Glimmbrand, der jedoch rechtzeitig entdeckt wurde.

30'000 Blitze :eek

Innerhalb von 24 Stunden jagte ein Blitz den anderen. Weil die Messgeräte aber längst nicht alle Wolkenblitze, also Blitze die nicht bis zur Erde gelangen, registrieren können, sollen es weit mehr als die registrierten 8‘000 gewesen sein. So sollen es nach SF-Meteorologin Christine Jutz mehr als 30‘000 Blitze zwischen Genfer- und Bodensee gegeben haben.

Schon Ende Mai gab es eine aussergewöhnlich blitzreiche Nacht. Von der Nacht vom 26. Auf den 27. Mai wurde alleine in der Messstation Güttingen am Bodensee in einem Umkreis von 30 Kilometern 3‘500 Blitze gezählt.
(ap/neud)

http://nachrichten.ch.msn.com/schweiz/artikel.aspx?cp-documentid=148587570

lunar
15.07.2009, 21:13
Wednesday, July 15, 2009

These Are The People Who Do Not Want The Fed's Veil Lifted (http://zerohedge.blogspot.com/2009/07/these-are-people-who-do-not-want-feds.html)

Posted by Tyler Durden at 1:53 PM (http://zerohedge.blogspot.com/2009/07/these-are-people-who-do-not-want-feds.html)
The following individuals whose primary goal in life is getting tenure and publishing a textbook, yet believe they have a voice in deciding whether over 300 million American people should know just whose interests the Fed so staunchly protects, have issued an open letter (https://survey.chicagobooth.edu/ViewsFlash/servlet/viewsflash?cmd=showform&pollid=gfm%21FedIndependence)to Congress and The Executive Branch, demanding that no one ever dare tinker or have audit powers over the private institution that is the Federal Reserve. Those who run hedge funds, operate semi-failed companies, work for an Investment Bank, especially taxpayer bailed out ones, or are otherwise conflicted, are highlighted in bold.

It makes sense to recall that the recent grassroots campaign to enforce the opposite - i.e., more transparency at the Fed, has been supported by over 5,000 individuals at this point (http://action.firedoglake.com/page/s/Fed1207). Zero Hedge recommends all who believe in transparency in this time when we have anything but, sign the petition (http://action.firedoglake.com/page/s/Fed1207)to demonstrate their disagreement with the individuals below.

"Fed Independence" Petition Signatories:

x

x

x

x

x

And here is the text of the endorsed letter:

Open Letter to Congress and the Executive Branch

Amidst the debate over systemic regulation, the independence of U.S. monetary policy is at risk :dumm We urge Congress and the Executive Branch to reaffirm their support for and defend the independence of the Federal Reserve System as a foundation of U.S. economic stability. There are three specific risks that must be contained.

First, central bank independence has been shown to be essential for controlling inflation. Sooner or later, the Fed will have to scale back its current unprecedented monetary accommodation. When the Federal Reserve judges it time to begin tightening monetary conditions, it must be allowed to do so without interference. Second, lender of last resort decisions should not be politicized.

Finally, calls to alter the structure or personnel selection of the Federal Reserve System easily could backfire by raising inflation expectations and borrowing costs and dimming prospects for recovery. The democratic legitimacy of the Federal Reserve System is well established by its legal mandate and by the existing appointments process. Frequent communication with the public and testimony before Congress ensure Fed accountability.

If the Federal Reserve is given new responsibilities every effort must be made to avoid compromising its ability to manage monetary policy as it sees fit.



...das war auch mein erster Gedanke :rolleyes
http://www.gravatar.com/avatar.php?gravatar_id=24fbff7535d818c48220502fbec59fd2&size=32&default=http://media.disqus.com/images/noavatar32.png (http://disqus.com/people/24fbff7535d818c48220502fbec59fd2/)
TheInsider 53 minutes ago (http://zerohedge.blogspot.com/2009/07/these-are-people-who-do-not-want-feds.html#comment-12708055)
" . . . the independence of U.S. monetary policy is at risk"? Where have they been for the last fifteen years?

lunar
15.07.2009, 21:50
...offene Fragen - GS ohne Ende :rolleyes ob es vielleicht doch noch ein Erwachen gibt :confused

The Genius of Goldman?

July 14th, 2009

The Genius of Goldman?

What’s up with the mainstream media acolytes who keep
aluding to the genius of Goldman Sachs?

What genius?

If it wasn’t for their former CEO Hank Paulson bankrupting
their competition (Bear and Lehman) and then extorting
Congress behind closed doors under the threat of martial law,
they wouldn’t even be in business today.

Does having your former CEO being able to choose who among
your competitors lives, or dies, make you a genius?

Does having your former CEO bail you out via the backdoor
of AIG, make you a genius?

Does running the latest shadow-government version of
INSLAW/PTECH/PROMIS software and front running the market
(not mention their own clients) as the defacto trading arm
of the Plunge Protection Team make you a genius?

Does stuffing profits offshore and only paying a 1% income tax
rate, after being bailed out by taxpayers who pay 20-30-40
times that, make you a genius?

Was former Goldman Chairman and NY Fed head Stephen Friedman a
genius, or just another front running, inside trader?

Since when does front running & shearing the sheep make one a genius?

Goldman is no more a genius than is the IRS.

One robs you blind under the protection of the law of the land,
and the other robs you blind while operating outside of it.

SliderOnTheBlack

http://www.sliderontheblack.com/politics-money-and-markets/the-genius-of-goldman/

lunar
15.07.2009, 21:58
http://graphics.readspeaker.com/images/wr/listen_de_de.gif (http://wr.readspeaker.com/webreader/webreader.php?cid=4309053eb2c59ac635bd8e2ca9722d06&t=wordpress_free&url=http://blog.4st.ch/?p=2748&title=Cit%20Group%20-Krise%20erodiert%20Mittelstand) http://blog.sundog.ch/photos/finanzen/images/36/257x425.aspx

Wenige Tage ist es her als Goldman Sachs wieder Milliardengewinne publizierte. Die früheren Investement- Banker vermelden wieder höhere Löhne und brillieren mit neuen Insider Geschäften auf Staatskosten.

In diese Euphorie hinein, in welchem die Börsen dank Rettungspaket Milliarden wieder aufgebläht werden, vermeldet der Mittelstandsfinanzierer Cit Group seinen nahenden Konkurs und ruft Obama um Hilfe an.

Cit Group ist nicht irgend eine Bank in den USA, sie ist dort tatsächlich der grösste Mittelstandsfinanzierer. Während die mit dem politischen US- Finanzlobbysystem verbundenen Grossbanken im Geld schwimmen und sich ihrer Konkurenz entledigt sehen, geraten besonders Banken in Not welche den Mittelstand mit Krediten versorgen.

Neue Zahlen aus den USA beweisen das von der Billion der Rettungspakete praktisch nichts davon nach unten zum Mittelstand und die KMU geflossen ist. Zwar sorgten Heute leicht gestiegene US-Einzelhandelsumsätze für beste Stimmung an den Börsen, aber der Schwein trügt. Die Rettungspakete hätten bis dato einen viel grösseren Schub bewirken müssen, wenn man ihnen unterstellt dass sie hätten die Bürger vor dem finanziellen Abstieg schützen müssen.

Geschützt wurde aber vor allem Eines, die Brieftasche der Finanzoligarchen. Da die Manager von Cit Group aber Kredite an KMU und den Mittelstand ausgeben, so zeigt der nahe Kollaps dieses Finanzdienstleisters, dass dieses Geschäft am Boden ist, der gesamte Mittelstand ist offenbar zum Subprime-Markt verkommen.

Für Europa wird es nun besonders gefährlich, denn in den Augen der Finanzoligarchen ist Cit Group nicht ‘to big to fail’. Dies ist es ‘nur’ für den Mittelstand und die kleineren Betriebe, die von dem Institut abhängig sind. Doch dies ist den Finanzoligarchen vermutlich egal, und falls Obama nur nach deren Pfeiffe tanzt, so würde der Bankrott ein finanzielles Erdbeben bis nach Europa auslösen (http://www.cnbc.com/id/31902340):
“S&P said in late 2008 that 1,053 European synthetic collateralized debt obligations (CDOs) — 66 percent — included CIT, a New York-based lender to small and mid-sized businesses, in their portfolios of credit default swaps (CDS).”

Auch dies ist einer der Gründe warum man in den USA Cit Group fallen lassen könnte, die Europäer haben zu hohem Anteil Cit Group über Credit Default Swaps versichert.

Somit würde ein Konkurs wie bei Lehman bereits geschehen, die Europäer exekutieren und hier zum Versicherungsdesaster führen. Politisch sei Cit Group in den USA aber zuwenig relevant, so heisst es aus Kreisen der Kenner der Lobbyscene in den USA. Im Land des ‘Amerikanischen Traums’ dürfen die Kleinen zumeist ohne Widerstand fallen gelassen werden, das gilt offenbar auch für deren Kreditgeber.

In den Augen der Finanzoligarchen würde ein Fall von Cit Group wieder für einen schönen Schub Umverteilung in ihre Taschen sorgen. Sie könnten dann die Perlen aus dem Kreditbestand von Cit Group auslösen, während sie eine grosse Anzahl des Mittelstands und der KMU zur Rettung durch den Steurzahler überlassen könnten, oder sie der Insolvenzverwertung überantworten.

Aus meiner Sicht ist Cit Group für ‘den Schweizer Narr’ ein sehr guter politischer Test für die Regierung von Barak Obama. An der Behandlung dieses Falls liesse sich sehr gut ablesen inwieweit die Finanzoligarchen bereits die finanzielle Staatsführung in den USA übernommen haben.

Am Zustand von Cit Group lässt sich der gegenwärtige Zustand der Mittelschicht und der KMU in den USA gut ausdeuten, das angebliche ‘Frühlingsgrün’ der Wirtschaft winkt nämlich bisher nur aus den Taschen des Sozialismus für Reiche.

Ein Zusammenbruch des Konzerns würde den Bestand der Mittelschicht in den USA erodieren lassen und in Europa vermutlich (http://www.ftd.de/unternehmen/finanzdienstleister/:Gefahr-in-Kreditportfolien-CIT-Schieflage-bedroht-Europas-Anleger/540315.html)ein CDO -Erdbeben auslösen. Ein Knall bei den Kleinen in den USA und ein Knall bei Grossen in Europa, was wäre besser für die Taschen der rücksichtslosen US-Amerikanischen Finanzlobby? :gomad


http://blog.4st.ch/?p=2748

lunar
15.07.2009, 22:01
http://blog.sundog.ch/photos/finanzen/images/34/425x283.aspx Die Politik als Hure der Finanzlobby
http://blog.4st.ch/?p=2715

lunar
15.07.2009, 22:14
...und nochmals :gomad

Page last updated at 15:00 GMT, Wednesday, 15 July 2009 16:00 UK

Israel soldiers speak out on Gaza


http://newsimg.bbc.co.uk/media/images/46055000/jpg/_46055280_gazasoldiergetty226body.jpg Soldier testimonies appear to contradict official Israeli statements

A group of soldiers who took part in Israel's assault in Gaza say widespread abuses were committed against civilians under "permissive" rules of engagement.

The troops said they had been urged to fire on any building or person that seemed suspicious and said Palestinians were sometimes used as human shields.

Breaking the Silence, a campaign group made up of Israeli soldiers, gathered anonymous accounts from 26 soldiers.

Israel :bad denies breaking the laws of war :bad and dismissed the report as hearsay.....

ful story: http://news.bbc.co.uk/2/hi/middle_east/8149464.stm

lunar
15.07.2009, 22:18
"Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if they have any, in manufacturing, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits. Profits which are the price of no useful industry of theirs." (1813).

President Thomas Jefferson.

lunar
16.07.2009, 08:57
All Aboard The Failboat: CIT Group (http://lolfed.com/2009/07/15/all-aboard-the-failboat-cit-group/)

July 15th, 2009 by alyx · fail (http://lolfed.com/category/fail/)

http://lolfed.com/wp-content/uploads/cit-failboat.jpg

Earlier this week we put CIT Group on failboat watch (http://lolfed.com/2009/07/12/failboat-watch-cit-group/), citing recent developments in the intensity of their groveling to FDIC for a little bit’ o HALP.

Expect more lights to go out on Main Street, because CIT has been deemed not “too big to fail” but instead “too fail to bail” (http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090715006374&newsLang=en):NEW YORK–(BUSINESS WIRE)–CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has been advised that there is no appreciable likelihood of additional government support being provided over the near term.

The Company’s Board of Directors and management, in consultation with its advisors, are evaluating alternatives.

In a way, CIT also suffered this week from a “run on the bank” of sorts, as the small- and medium-sized businesses with open lines of credit drew those lines down (http://www.marketwatch.com/story/cit-customers-reportedly-draw-down-credit-lines) in anticipation of epic fail. So between not being politically well-connected enough and the EVERYBODY PANIC instinct that now kicks in when someone uses the word “fail,” they probably had no chance of NOT going down.

...na ja - wer sagt's denn :gomad



.......Für Europa wird es nun besonders gefährlich, denn in den Augen der Finanzoligarchen ist Cit Group nicht ‘to big to fail’. Dies ist es ‘nur’ für den Mittelstand und die kleineren Betriebe, die von dem Institut abhängig sind. Doch dies ist den Finanzoligarchen vermutlich egal, und falls Obama nur nach deren Pfeiffe tanzt, so würde der Bankrott ein finanzielles Erdbeben bis nach Europa auslösen (http://www.cnbc.com/id/31902340):
“S&P said in late 2008 that 1,053 European synthetic collateralized debt obligations (CDOs) — 66 percent — included CIT, a New York-based lender to small and mid-sized businesses, in their portfolios of credit default swaps (CDS).”

Auch dies ist einer der Gründe warum man in den USA Cit Group fallen lassen könnte, die Europäer haben zu hohem Anteil Cit Group über Credit Default Swaps versichert.....

.....Aus meiner Sicht ist Cit Group für ‘den Schweizer Narr’ ein sehr guter politischer Test für die Regierung von Barak Obama. An der Behandlung dieses Falls liesse sich sehr gut ablesen inwieweit die Finanzoligarchen bereits die finanzielle Staatsführung in den USA übernommen haben.....

.....Ein Zusammenbruch des Konzerns würde den Bestand der Mittelschicht in den USA erodieren lassen und in Europa vermutlich (http://www.ftd.de/unternehmen/finanzdienstleister/:Gefahr-in-Kreditportfolien-CIT-Schieflage-bedroht-Europas-Anleger/540315.html)ein CDO -Erdbeben auslösen. Ein Knall bei den Kleinen in den USA und ein Knall bei Grossen in Europa, was wäre besser für die Taschen der rücksichtslosen US-Amerikanischen Finanzlobby? :gomad


http://blog.4st.ch/?p=2748


Zum Original-Beitrag (http://showthread.php3?p=1249227#post1249227)

lunar
16.07.2009, 09:19
Kein Geld, kein Strom, keine Hoffnung :(

Von Oscar Alba, Havanna. Aktualisiert um 06:24 Uhr

Kuba ist innert Monaten in eine tiefe Krise gestürzt. Raúl Castro hat seinen Kredit beim Volk verspielt.

http://files.newsnetz.ch/story/2/0/2/20258603/6/topelement.jpg Das Geschäft floriert nicht mehr: In den Läden gibt es nicht viel zu kaufen.



USA und Kuba wieder im Dialog

Die USA und Kuba haben den vor sechs Jahren unterbrochenen Dialog über Einwanderungsfragen wieder aufgenommen. Beim Treffen am Dienstag in New York habe man sich auf das Ziel einer Politik der «sicheren, geordneten und legalen» Einwanderung verständigt. Dies meldeten die Aussenministerien der beiden Länder in getrennten Mitteilungen. Die Wiederaufnahme des Dialogs zeige das Interesse der USA an konstruktiven Gesprächen mit der kubanischen Führung über Themen von gegenseitigem Interesse, so das US-Aussenministerium. Die Wiederaufnahme des Dialogs ist ein weiteres Zeichen für die Entspannung der Beziehungen zwischen beiden Ländern unter US-Präsident Barack Obama.

Im Dezember 2003 hatte die damalige US-Regierung unter George W. Bush die Einwanderungsgespräche mit Kuba ausgesetzt. Die USA warfen Havanna damals unter anderem vor, Kubanern mit einer Einwanderungserlaubnis für die USA die Ausreise zu verweigern. Seit der kommunistischen Machtübernahme auf Kuba sind die Beziehungen zwischen dem Inselstaat und den USA gespannt. (SDA)


Kuba steht vor dem Bankrott. Ausländische Unternehmen stoppen Lieferungen, weil sie seit Anfang Jahr keinen roten Rappen mehr erhalten haben. Die kubanischen Banken haben kein Geld mehr. Auf der spärlichen Lebensmittelkarte fürs Volk ist bereits die Bohnen- und Salzration reduziert worden. In den Läden ist das Angebot so dürftig wie seit Jahren nicht mehr. Damit die Lichter im Land nicht ganz ausgehen, wird Tausenden Staatsbetrieben jeden Tag für mindestens fünf Stunden (von acht bis ein Uhr mittags) teilweise oder total der Strom abgeschaltet. Läden und Büros werden in diesen Zeiten zu Backöfen. Computer sind wegen Überhitzungsgefahr ausgeschaltet, Produkte in den Regalen verderben.....

.....Die Zwangsjacke der IdeologieIn den 50 Jahren Revolution ist das Land zu einem Bürokratiekoloss mutiert, stets damit beschäftigt, sich selber über Wasser zu halten, aber praktisch unfähig, etwas zu produzieren. Über 80 Prozent der Lebensmittel müssen für teures Geld im Ausland eingekauft werden (...als wir dort waren fielen die Früchte von den Bäumen und keiner kümmerte sich drum, es standen aber endlose Schlangen um irgendwelche Lebensmittel zu kaufen...das Volk war/ist völlig desinteressiert und jegliche Eigeninitiative fehlt(e) :(). Das Land importiert viermal mehr, als es exportiert. Das Minus in der Handelsbilanz beträgt 10,5 Milliarden Dollar. Jetzt läuten sogar die Ökonomen im Staatsdienst die Alarmglocken: So kann kein Land überleben.

Die Wirtschaft liegt lahm, weil Fidel Castro das Land in eine ideologische Zwangsjacke gesteckt hat. Bruder Raúl kann oder will sich darin nicht bewegen. Letztes Jahr hob er zwar ein paar Verbote auf (Kubaner dürfen nun Handys und Computer kaufen, Autos mieten und in Hotels logieren). Doch von «strukturellen Reformen», wie sie Raúl vor zwei Jahren ankündigte, ist nichts zu sehen. Die Boden- und Lohnreform, die das Volk zu mehr Leistung hätte antreiben sollen, stecken teilweise im Dickicht der Bürokratie fest. Auf neue Befehle, Gesetze und Dekrete reagiert das Volk weitgehend immun und mit zivilem Ungehorsam. Worauf der Staat mit noch mehr Befehlen, Gesetzen und Dekreten reagiert – und mit Heeren von Kontrolleuren und Inspektoren.......

ganzer Artikel: http://www.tagesanzeiger.ch/ausland/amerika/Kein-Geld-kein-Strom-keine-Hoffnung/story/20258603

....so eine schöne Insel, da hätte Fidel ein Paradies draus machen können :cool
......als wir in den 90er Jahren dort waren ging es ihnen wohl doch noch etwas besser als jetzt :rolleyes

lunar
16.07.2009, 12:10
This article speaks for itself and while I'm sure Defining Quality and many others are aware of this, the issues brought forth are of paramount importance to long term investors and those concerned about the future of this nation in my opinion. I do recommend reading the link as opposed to this brief excerpt as the link has much more detail including charts.

http://www.sprott.com/Docs/MarketsataGlance/June_2009.pdf

....ein bisschen spät komme ich damit - ist :supi

lunar
16.07.2009, 18:24
:rolleyes

Obama Administration Approves Logging In Largest U.S. Rain Forest (http://www.huffingtonpost.com/2009/07/16/obama-administration-appr_n_235311.html)

http://images.huffingtonpost.com/gen/93194/thumbs/r-TONGASS-FOREST-large.jpg (http://www.huffingtonpost.com/2009/07/16/obama-administration-appr_n_235311.html)






Quick Read (http://www.huffingtonpost.com/2009/07/16/obama-administration-appr_n_235311.html) |
Comments (990) (http://www.huffingtonpost.com/2009/07/16/obama-administration-appr_n_235311.html)
.
sudhpwv1kjE&eurl

lunar
16.07.2009, 18:56
16 Jul 2009 @ 1:34 AM
Der Finanzcrash um Mitternacht, CIT wird womöglich fallen.

http://blog.sundog.ch/photos/finanzen/images/37/425x315.aspx (http://blog.sundog.ch/photos/finanzen/picture37.aspx)

Wie ich soeben aus noch unbestätigten aber relativ sicheren Nachrichtenquellen erfahren habe, lässt die US-Regierung möglicherweise die grösste Bank für den Mittelstand und die KMU in den USA fallen. Lesen Sie dazu bitte zuerst den Hintergundbericht (http://blog.4st.ch/?p=2748), welcher der Schweizer Narr bereits Gestern Nachmittag verfasst hatte. Am Abend vor Börsenschluss wurde der Handel mit CIT-Aktien ausgesetzt, jedoch vermeldete da die Handelszeitung (http://www.handelsblatt.com/finanzen/marktberichte/us-boersen-schliessen-mit-sattem-plus;2432922)noch, dass das Finanzministerium an einer Lösung arbeite.

Aus dem Management von CIT heisst es nun aber: “Es gibt derzeit keinen spürbaren Willen, dass die Regierung in absehbarer Zeit wiederholt eine Unterstützung für uns bereitzustellen gedenkt. Die Baillout-Gespräche seien ‘auseinandergefallen’ .”

Meine Analyse scheint sich leider zu bewahrheiten. Sollte CIT wirklich fallen gelassen werden, so wäre dies einer der Letzten Beweise dass in Washington nicht mehr ein Präsident, sondern die Finanzoligarchen über die US-Wirtschaft regieren.

In meiner Analyse sagte ich bereits voraus, dass sich die Titanen der Finanzlobby gegen ein weiteres Rettungspaket entscheiden könnten, da ihnen sowohl der Mittelstand als auch die KMU in den USA lediglich von Interesse sind, wenn sie die Perlen darunter in den eigenen Sack schaufeln können. Der Rest der nicht zu überleben imstande wäre, für die sorgt dann der Steuerzahler und das Insolvenzverfahren.

Noch wichtiger aber als das ist, dass CIT mit hohem Anteil via Credit default Swap in Europa versichert (http://www.cnbc.com/id/31902340)ist. Ein Crash von CIT Group könnte den Finanzoligarchen gelegen kommen um Europa den Schaden zahlen zu lassen und damit das Konkurrenzverhältnis zugunsten des US$ zu verschieben, um die Reservewährung zu stärken.

S&P Information über die CDS- Versicherer von CIT Group: “Synthetic CDOs are structured products backed by a portfolio of credit default swaps. Europe has the largest exposure to CIT, with 977 synthetic CDO transactions, followed by the United States, with 701, Japan with 104, and the Asia-Pacific region excluding Japan with 99.”

Anmerkung: Es muss nicht unbedingt so sein dass diese Finanzoligarchen alle US-Amerikaner wären. Wie ich schon seit langer Zeit beobachte, hat sich die Westliche Finanzoligarchie Internationalisiert. Das Interesse, die Reservewährung US$ zu erhalten, könnte bedeuten dass der Euro gegenüber der US-Währung zu schwächen wäre. Sollte es tatsächlich so sein dass der Entscheid CIT fallen zu lassen die Europäischen CDS- Versicherer wie vermutet in sehr hohem Umfang belastet würde, so würde es im Verlauf den nächsten Tagen hier zu einem finanziellen Erdbeben kommen.

Mehr Informationen folgen später, sobald ich darüber mehr zu berichten weiss. Meine Analyse der Situation in meinem Nachmittagsbericht, ist bis dato nicht zu ändern. Bereits die Entscheidung der US Regierung Lehman zu opfern, hat in mir ähnliche Assoziationen ausgelöst.

Warum die Europäer überhaupt hohe Anteile von CDO’s von CIT Group handeln, bleibt dem Schweizer Narr rätselhaft. So hiess es in einer Wissenschaftlichen Abhandlung über solche Kreditderivate:

“Allerdings ergeben sich gerade bei KMU-Kreditnehmern, der Hauptkundschaft solcher Banken, verschärfte Probleme für die Anwendung von Kreditderivaten. Aufgrund der vorhandenen Informationsasymmetrie ergeben sich Moral Hazard- und Adverse Selection-Probleme: KMU-Kunden haben in der Regel kein externes Kreditrating, das einen Schluss auf das Ausfallrisiko zulässt.”

Für Privatpersonen aus der US-Mittelschicht gilt wohl verstärkt daselbe wie für die KMU Kreditnehmer.

Nun darf man darüber spekulieren wer in Europa besonders viele Anteile besitzt, ich tippe in der Schweiz vor allem auf UBS und Swiss Re, und in Deutschland auf die “Deutsche Bank”. Falls die UBS durch eine Insolvenz von CIT geschädigt würde, könnte dies auch für die Schweiz selbst zu Konsequenzen führen.

Und in den USA?

Mehr als 1 Million KMU Kreditnehmer, einschliesslich vieler Haushalte, Einzelhändler wie Donuts Dunkin’ und Dillards Inc. geraten dadurch in Gefahr. Wie nicht anders zu erwarten wird die Regierung vermutlich sagen, dass man Härtefälle prüfe und allenfalls bestimmte ‘Auserwählte’ retten werde. Natürlich wird die grosse Mehrheit dabei leer ausgehen, die Perlen danach in den Händen der Wallstreet-Finanzmafia unter FED’s Gnaden tanzen lassen.



Nachtrag vom 16.07.09 17:30

Der Verlauf der Verfahren um CIT-Group läuft noch immer wie von mir zuvor analysiert. Derzeit wird das Thema bei Obama diskutiert, aber die Finanzlobby scheint bereits wie vorausgesagt entschieden zu haben: CIT sei nicht zu Gross um diese Bank fallen zu lassen. Zu fragen wäre dann, warum CIT Group letztes Jahr noch unterstützt wurde und warum ein relativ bescheidener Betrag von ca. 5-8 Milliarden US$ nun zuviel wäre für die Rettung. Für KMU -Finanzierer und um Gefahren für den Europäischen CDS-Markt abzuwenden, scheint bei der Finanzlobby der Geldbeutel noch ausgetrockneter als letztes Jahr zu sein.

17:50

Derzeit rasselte es mit dem CIT-Kurs (http://uk.finance.yahoo.com/q/bc?s=CIT&t=1d&l=on&z=m&q=l&c=) in den Keller (ca. -66%) , wenngleich in den letzten zwei Stunden offenbar irgendwer dazukauft. Findet CIT vielleicht einen Käufer?.. was dann möglicherweise Insidergeschäfte auslösen könnte. In solchen Situationen gibt es zudem Risikospekulanten, welche die extrem billigen Aktien kaufen um dann darauf zu hoffen das doch noch eine Lösung gefunden wird.

http://blog.4st.ch/?p=2759

r9dPJeoUEgM&eurl

lunar
16.07.2009, 21:53
http://blog.4st.ch/wp-content/uploads/2009/03/quasycrystal.jpg

Vorwort

In regelmässigem Abstand publiziert der Schweizer Narr Karikaturen und andere Bildmotive. Bereits vor Jahren hat sich der Schweizer Narr mit der Gesundheit am Bildschirm beschäftigt. Meine Handkrankheit, allgemein als RSI bezeichnet, zwang mich dazu, an allen Fronten an meiner Gesundheit zu arbeiten. Um einen Blogartikel wie diesen zu schreiben, benötigte der Schweizer Narr mehr als einen ganzen Tag, wobei ich solcherart Text früher innert einer Stunde geschrieben hätte.

Heute verwende ich nicht nur eine ergonomischen Arbeitsplatz nach neusten wissenschaftlichen Erkenntnissen, der Schweizer Narr hat sich sogar um seine Sehgewohnheiten gekümmert. Auch den Ersatz der Computermaus über Sprachsteuerung ist bei mir ein Thema. Viele Menschen haben keine Ahnung, dass eine langjährige professionelle Tätigkeit am Computer die Gesundheit nachhaltig zu schädigen vermag. Natürlich hängt die Gefahr davon ab, wie ihr Körper auf eine jahrelange Belastung am Computerarbeitsplatz vorbereitet ist............

ganzer Artikel: http://blog.4st.ch/?page_id=1556

lunar
16.07.2009, 22:36
VSwWy4E6I04&eurl

lunar
17.07.2009, 08:59
...schon am frühen Morgen kann man weiter:bad :gomad

YwOoHi2faWI

lunar
17.07.2009, 09:08
16 July 2009

Paper, Scissors, Gold (http://jessescrossroadscafe.blogspot.com/2009/07/paper-for-gold.html)

As you may have heard recently, the Comex has asserted their right under their rules to deliver the equivalent paper interest in Exchange Traded Funds such as GLD in lieu of the delivery of physical bullion for those standing for delivery under the rules of the commodity exchange.

Is GLD really the same as physical bullion?

"...it appears that a lot of investors believe and trust that investing in GLD is the same thing as buying physical gold bullion. A close reading and analysis of the GLD Prospectus, however, reveals that investing in GLD is drastically different from owning gold. This analysis will show why GLD is nothing more than another form of a derivative security which is loaded with counter-party default risk."
Owning GLD Can Be Hazardous to Your Wealth (http://www.bestwaytoinvest.com/stories/owning-gld-can-be-hazardous-your-wealth)Here is a recent statement from Dennis Gartman who most often derides those he calls 'goldbugs.'"To finish, we do agree that recent decisions to allow for the "delivery" of ETF shares in the stead of actual physical gold against a futures position does cause us some concern. Indeed, it causes us some very real concern, for if we stand for delivery of wheat we expect to receive wheat, not paper. The same holds true for delivery processes on the COMEX, and if GATA and the "Bugs" have a complaint it is this new decision by the COMEX. On this, we’ll grant that the "Bugs" have something to complain about." Dennis Gartman in The Gartman LetterWe have often said that when the real crisis of liquidity comes, and the final flight to safety from the credit bubble collapse begins in earnest, the exchanges will alter the rules to allow for cash and paper settlement of claims for bullion, which they cannot or will not be able to deliver at the agreed upon prices.

This is what makes the current structure of the short positions held by a few banks on the precious metals exchanges a 'racket,' a type of Ponzi scheme where the same thing is sold repeatedly with no means of satisfying the aggregate of the claims and ownership.

We are sure the Comex is "well capitalized," and will continue to be so, even as it is rocked by de facto delivery failures and the substitution of more paper to back up the general failure of paper.

The wheels of justice grind slowly but they grind exceedingly fine.




Posted by Jesse at 6:26 PM (http://jessescrossroadscafe.blogspot.com/2009/07/paper-for-gold.html) http://www.blogger.com/img/icon18_email.gif :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=423960218393584427)


The wheels of justice grind slowly but they grind exceedingly fine. :rolleyes da hege ich aber meine Zweifel :o

lunar
17.07.2009, 09:23
Ron Paul: The American People Demand Transparency!

http://www.thefinancialtube.com/video/4592/Ron-Paul-The-American-People-Demand-Transparency-Audit-the

:cool

Zum Original-Beitrag (http://showthread.php3?p=1249507#post1249507)
...yes it is :cool warum nur passiert nix :gomad

lunar
17.07.2009, 09:52
Marc Faber, editor and publisher of the Gloom, Boom and Doom Report, thinks deficit spending is the wrong way for governments to go and that they should be fired. Martin Sorrell, CEO of WPP, disagrees. CNBC\'s Martin Soong joins the debate.

http://www.thefinancialtube.com/video/4612/Dr-Gloom-Govts-Should-Be-Fired

:cool :supi

lunar
17.07.2009, 09:58
9.30 Uhr: Der vor dem Zusammenbruch stehende US-Mittelstandsfinanzierer CIT versucht die Pleite in letzter Minute doch noch abzuwenden. Das Management sei in Diskussionen mit potenziellen Kreditgebern, um die Finanzierung zu sichern, hieß es. Die US-Regierung hatte Hilfe für CIT zuvor abgelehnt (http://www.manager-magazin.de/unternehmen/artikel/0,2828,636463,00.html).

http://www.manager-magazin.de/unternehmen/artikel/0,2828,636650,00.html

lunar
17.07.2009, 10:22
Obama Delivers Emotional Speech To NAACP (http://www.huffingtonpost.com/_236760.html)

http://images.huffingtonpost.com/gen/93362/thumbs/r-OBAMA-NAACP-huge.jpg (http://www.huffingtonpost.com/2009/07/16/obama-naacp-speahc-live-v_n_236760.html)

Addresses Other Civil Rights Challenges: "Our Gay Brothers And Sisters, Still Taunted, Still Attacked, Still Denied Their Rights" (http://www.huffingtonpost.com/_236760.html)





Quick Read (http://www.huffingtonpost.com/2009/07/16/obama-naacp-speahc-live-v_n_236760.html) |
Comments (5,234) (http://www.huffingtonpost.com/2009/07/16/obama-naacp-speahc-live-v_n_236760.html)
| Barack Obama (http://www.huffingtonpost.com/news/barack-obama)

lunar
17.07.2009, 10:27
INDONESIEN

Tote und Verletzte bei Anschlägen auf Luxushotels (http://www.spiegel.de/politik/ausland/0,1518,636648,00.html)

Zerfetzte Fassaden, dichte Rauchwolken: Zeitgleiche Bombenexplosionen in zwei Luxushotels haben die indonesische Hauptstadt Jakarta erschüttert. Mindestens neun Menschen wurden getötet, 50 weitere verletzt. Die Behörden vermuten einen Doppelanschlag. Unter den Opfern sind auch Ausländer. mehr... (http://www.spiegel.de/politik/ausland/0,1518,636648,00.html) [ Video (http://www.spiegel.de/video/video-1012504.html) | Forum (http://forum.spiegel.de/showthread.php?t=6841) ]





http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFotostrecke: Trümmer und Schrecken in Jakarta (http://www.spiegel.de/fotostrecke/fotostrecke-44444.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifBombenanschläge in Jakarta: Mehrere Menschen getötet http://www.spiegel.de/static/sys/v8/icons/ic_spiegel_tv.gif (http://www.spiegel.de/video/video-1012504.html)



17.07.2009 05:52

CEO of Holcim Indonesia killed in Jakarta blast-exec (http://www.finanznachrichten.de/nachrichten-2009-07/14447638-ceo-of-holcim-indonesia-killed-in-jakarta-blast-exec-020.htm)

SINGAPORE, July 17 (Reuters) - The president director of PT Holcim Indonesia (http://www.finanznachrichten.de/nachrichten-aktien/holcim-indonesia.asp), Tim Mackay, was killed in the Jakarta blast on Friday, the company's marketing director Patrick Walser told Reuters.

lunar
17.07.2009, 14:19
Roubini: Don’t Call It A Comeback (http://lolfed.com/2009/07/16/roubini-dont-call-it-a-comeback/)

July 16th, 2009 by alyx · fail (http://lolfed.com/category/fail/)

http://lolfed.com/wp-content/uploads/roubini-quote.jpg

No, srsly. Don’t. If you come talkin’ that trash, Roubini will, indeed, pull your card. He knows nothing in life but to be legit.

Did you see headlines today like “US Recession May End This Year, Roubini Predicts” (http://www.bloomberg.com/apps/news?pid=20601068&sid=aLf9LIQx5E4E) - or did you maybe turn on CNBC today and hear similar crowing? EVERYBODY RALLY!

Might wanna hold up on that, because I just got a super-emergency alert from Roubini’s RGE Monitor that he’s been taken a bit out of context (http://www.rgemonitor.com/roubini-monitor/257299/roubini_statement_on_the_us_economic_outlook):
“It has been widely reported today that I have stated that the recession will be over ‘this year’ and that I have ‘improved’ my economic outlook. Despite those reports - however – my views expressed today are no different than the views I have expressed previously. If anything my views were taken out of context.

“I have said on numerous occasions that the recession would last roughly 24 months. Therefore, we are 19months into that recession. If, as I predicted, the recession is over by year end, it will have lasted 24 months with a recovery only beginning in 2010. Simply put I am not forecasting economic growth before year’s end.

“Indeed, last year I argued that this will be a long and deep and protracted U-shaped recession that would last 24 months. Meanwhile, the consensus argued that this would be a short and shallow V-shaped 8 months long recession (like those in 1990-91 and 2001). That debate is over today as we are in the 19th month of a severe recession; so the V is out the window and we are in a deep U-shaped recession. If that recession were to be over by year end – as I have consistently predicted – it would have lasted 24 months and thus been three times longer than the previous two and five times deeper – in terms of cumulative GDP contraction – than the previous two. So, there is nothing new in my remarks today about the recession being over at the end of this year.

“I have also consistently argued – including in my remarks today - that while the consensus is that the US economy will go back close to potential growth by next year, I see instead a shallow, below-par and below-trend recovery where growth will average about 1% in the next couple of years when potential is probably closer to 2.75%.

“I have also consistently argued that there is a risk of a double-dip W-shaped recession toward the end of 2010…”

In other words, cloudy, with a chance of DOOM. Anyway, we were too busy today to catch but the tail end of this drama, but we hope you didn’t buy into it.

lunar
17.07.2009, 15:22
http://graphics.readspeaker.com/images/wr/listen_de_de.gif (http://wr.readspeaker.com/webreader/webreader.php?cid=4309053eb2c59ac635bd8e2ca9722d06&t=wordpress_free&url=http://blog.4st.ch/?p=2778&title=Schweizer%20Bank%20soll%20CIT%20Group%20retten)http://blog.4st.ch/wp-content/themes/inanis_glass_13/images/1pxtrans.gif
17 Jul 2009 @ 2:37 PM
Schweizer Bank soll CIT Group retten :eek (...warum nicht :o ist schliesslich eine KMU-Bank)


http://blog.sundog.ch/photos/diverse/images/38/425x425.aspx (http://blog.sundog.ch/photos/diverse/picture38.aspx)

“Der Schweizer Narr” hat die Situation um CIT Group wie folgt analysiert:

(lesen sie bitte auch die letzten Artikel hier im Blog, hier (http://blog.4st.ch/?p=2759)und hier (http://blog.4st.ch/?p=2748).)

Eine Insolvenz dieses US-Amerikanischen KMU-Kreditgebers könnte in Europa kosten in der Höhe von bis zu 300 Milliarden US$ auslösen, denn CIT Group ist mehrheitlich in Europa versichert. Schweizer Banken besitzen möglicherweise einen derart hohen Anteil an solchen ‘Credit default Swap’ Versicherungsverpflichtungen, dass die Rettung von CIT Group ein kleineres Übel wäre.

Der Schweizer Narr kommt auf etwa 7-8 Milliarden US$, welche zur Rettung der CIT notwendig wäre, in Zukunft könnten noch weitere 15 Milliarden hinzukommen. Dieser Betrag ist aber viel kleiner als der durch Insolvenz drohende Schaden für Europa und die Schweiz.

Politisch betrachtet wäre ein Einstieg von UBS oder CreditSuisse bei CIT ein sehr gutes Mittel um die gegen die Schweiz laufenden Gerichtsverfahren zu einem guten Vergleich bringen zu lassen. In der US-Bevölkerung hätte die Rettung von CIT für die Schweiz einen sehr hoch wirkenden politischen Image- Zuwachs zur Folge.

Dies führt mich nun zu einem konkreten Vorschlag:

“Der Schweizer Narr” rät dringend zur Übernahme von CIT durch eine Schweizer Bank.
http://blog.4st.ch/?p=2778

lunar
19.07.2009, 12:05
Evening Fun With Maps And Dark Fiber Latencies

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Submitted by Tyler Durden on Sat, 07/18/2009 - 19:33


Maybe the attention is on the wrong building (http://zerohedge.blogspot.com/2009/06/biggest-financial-company-you-have.html)...

http://www.zerohedge.com/sites/default/files/images/GS1%20%2B%20GS2_0.jpg (http://www.zerohedge.com/sites/default/files/images/GS1%20%2B%20GS2.jpg)

http://www.zerohedge.com/article/evening-fun-maps-and-dark-fiber-latencies

....da muss ich mich erst durchwursteln, comments lesen - bin noch nicht ganz klar

lunar
19.07.2009, 12:28
The Joy of Sachs

By PAUL KRUGMAN (http://topics.nytimes.com/top/opinion/editorialsandoped/oped/columnists/paulkrugman/index.html?inline=nyt-per)
Published: July 16, 2009
The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits — and it’s preparing to hand out huge bonuses, comparable to what it was paying before the crisis. What does this contrast tell us?

http://graphics8.nytimes.com/images/2006/04/02/opinion/ts-krugman-190.jpg Fred R. Conrad/The New York Times
Paul Krugman

Times Topics: Goldman Sachs Group Inc. (http://topics.nytimes.com/top/news/business/companies/goldman_sachs_group_inc/index.html)

Readers' Comments



Read All Comments (376) » (http://community.nytimes.com/comments/www.nytimes.com/2009/07/17/opinion/17krugman.html)
First, it tells us that Goldman is very good at what it does. Unfortunately, what it does is bad for America.

Second, it shows that Wall Street’s bad habits — above all, the system of compensation that helped cause the financial crisis — have not gone away......

full story: http://www.nytimes.com/2009/07/17/opinion/17krugman.html?_r=2&em*%20reply




einer der comments: Andrew McIntyre - Calgary
July 17th, 2009
6:23 am


For more in depth analysis of Goldman Sachs' slimy business practices I recommend:

CBC's 30 minute interview with Pulitzer-Prize-winning investigative reporter David Cay Johnston on Goldman Sachs & Gov't. Here's the MP3: http://bit.ly/ZzLFm

lunar
19.07.2009, 12:36
Wirtschaft: 19. Juli 2009

Aufrüsten gegen die Grippe (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/aufrsten_gegen_die_grippe_1.3101979.html)

Nachfrage nach Impfstoff explodiert (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/aufrsten_gegen_die_grippe_1.3101979.html)

Fast zwei Millionen Schweizer werden diesen Herbst an Schweinegrippe erkranken. Die Nachfrage nach dem Impfstoff ist explodiert. Novartis hat die Kapazität verzehnfacht, obwohl die Herstellung in den letzten Jahren ein Verlustgeschäft war. (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/aufrsten_gegen_die_grippe_1.3101979.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/aufrsten_gegen_die_grippe_1.3101979.html)

http://www.nzz.ch/static-images/news_readmore.gif WHO: Gibt das Zählen auf (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/explosion_der_flledie_who_gibt_das_zhlen_auf_1.3101982.html)
http://www.nzz.ch/static-images/news_readmore.gif Dossier: Schweinegrippe (http://www.nzz.ch/hintergrund/dossiers/schweinegrippe_2.46268)


(http://www.nzz.ch/nachrichten/wirtschaft/aktuell/aufrsten_gegen_die_grippe_1.3101979.html)

lunar
19.07.2009, 22:26
http://www.cbsnews.com/images/2009/07/17/image5170560.jpg

July 17, 2009 Walter Cronkite Dies

Television Pioneer, CBS Legend, Passes Away in New York at 92





549 Comments (http://www.cbsnews.com/stories/2009/07/17/eveningnews/main5170556.shtml?tag=breakingnews#comments)


http://i.i.com.com/cnwk.1d/i/tim//2009/07/17/cronkiteobit_244x183.jpg (http://www.cbsnews.com/video/watch/?id=5170603n) Play CBS Video (http://www.cbsnews.com/video/watch/?id=5170603n) Video Walter Cronkite Dies At 92 (http://www.cbsnews.com/video/watch/?id=5170603n) Legendary news anchor Walter Cronkite has passed away in New York at the age of 92. His journalistic career covered such historic events as the coronation of Queen Elizabeth, the assassination of JFK and the first man on the moon.
.


http://wwwimage.cbsnews.com/images/2007/05/16/image2813501g.jpg Photo Walter Cronkite, newscaster for the CBS-TV network, is shown on July 17, 1968. (AP)
.



http://wwwimage.cbsnews.com/images/2009/06/19/image5098237.jpg (http://www.cbsnews.com/elements/2008/05/30/in_depth_showbiz/photoessay4138847.shtml) Photo Essay The Anchor's Anchor (http://www.cbsnews.com/elements/2008/05/30/in_depth_showbiz/photoessay4138847.shtml) A look at Walter Cronkite's career from TV pioneer to legendary newsman
http://wwwimage.cbsnews.com/images/2009/06/29/image5122185.jpg (http://www.cbsnews.com/elements/2008/05/28/entertainment/photoessay4133882.shtml) Photo Essay Presidents And Newsmakers (http://www.cbsnews.com/elements/2008/05/28/entertainment/photoessay4133882.shtml) A look at some of Walter Cronkite's most memorable interview subjects


Stories
Walter Cronkite: His Life And Career (http://www.cbsnews.com/stories/2009/06/19/entertainment/main5098041.shtml?source=related_story)
(CBS) The "most trusted man in America" is gone.

Walter Cronkite, who personified television journalism for more than a generation as anchor and managing editor of the "CBS Evening News," has died. CBS vice president Linda Mason says Cronkite died at 7:42 p.m. Friday with his family by his side at his home in New York after a long illness. He was 92.

Known for his steady and straightforward delivery, his trim moustache, and his iconic sign-off line -"That’s the way it is" - Cronkite dominated the television news industry during one of the most volatile periods of American history. He broke the news of the Kennedy assassination, reported extensively on Vietnam and Civil Rights and Watergate, and seemed to be the very embodiment of TV journalism.

Special Section: Walter Cronkite: 1916-2009 (http://www.cbsnews.com/2718-201_162-169.html)

"Cronkite came to be the sort of personification of his era," veteran PBS Correspondent Robert McNeil once said. "He became kind of the media figure of his time. Very few people in history, except maybe political and military leaders, are the embodiment of their time, and Cronkite seemed to be.".....

full story: http://www.cbsnews.com/stories/2009/07/17/eveningnews/main5170556.shtml?tag=breakingnews


.....es war einmal :(

lunar
20.07.2009, 09:02
CIT: L+1000 Bridge Financing

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Submitted by Tyler Durden on Sun, 07/19/2009 - 21:55




Bankruptcy (http://www.zerohedge.com/taxonomy_vtn/term/249)
Centerbridge (http://www.zerohedge.com/taxonomy_vtn/term/321)
CIT (http://www.zerohedge.com/taxonomy_vtn/term/9261)
DIP (http://www.zerohedge.com/taxonomy_vtn/term/8135)
Evercore (http://www.zerohedge.com/taxonomy_vtn/term/259)
General Motors (http://www.zerohedge.com/taxonomy_vtn/term/211)
LIBOR (http://www.zerohedge.com/taxonomy_vtn/term/192)
Reuters (http://www.zerohedge.com/taxonomy_vtn/term/9184)
Sunday night edition of America's favorite game: kick the can down the street, better known as "someone else's problem." From the WSJ (http://online.wsj.com/article/SB124804619825363655.html)

The final term sheet still needs to be reviewed by the various financial and legal advisers, said the people familiar with the matter. And there is the chance that a final deal could falter over last-minute negotiations.

Under the proposal, CIT would likely pay interest rates 10 percentage points above the London interbank offered rate, said these people. (As of Friday, three-month Libor stood around 0.5%.) CIT has also agreed to pledge some of its highest-quality loans as collateral on the $3 billion package.

The new loan could act like a "bridge" to a series of debt-exchange offers that CIT would launch in order to get bondholders to swap some of their bonds for equity in the company or for new debt that matures later.

J.P. Morgan would have considered lending if CIT were first to seek bankruptcy protection, but the bank "couldn't get comfortable with a deal outside (bankruptcy) court," said one person familiar with the matter.

CIT's advisers, which includes Evercore Partners, then launched talks with its bondholders, led by investment firm Centerbridge.

You mean after Dana and Extended Stay (http://zerohedge.blogspot.com/2009/06/cerberus-and-centerbridge-tortious.html)Centerbridge is still around? And now CIT? Did these guys just buy whatever bonds Goldman was a size seller in?

Also from Reuters (http://www.reuters.com/article/ousiv/idUSN1444850020090720):The $3 billion rescue financing plan will be backed by remaining unsecuritized assets which likely exceed $10 billion, another source familiar with the matter said.

"The $3 billion is new money but securitized by all the remaining unsecuritized assets which probably exceed $10 billion," that source said.

So i) bondholders are screwed either way, ii) the company will pay 10%+ on the bridge instead of paying 3.5% on a DIP, iii) the stock will pop tomorrow only to crash to zero ala GM soon enough, iv) Peek will cash out, and v) in 6 months when chapter 11 is inevitable, the company will suddenly become Too Big To Fail and taxpayers will be on the hook after the bulk of any salvagable value will have been leaked away.

Select ratingCancel ratingPoorOkayGoodGreatAwesome

http://www.zerohedge.com/article/cit-l1000-bridge-financing

lunar
20.07.2009, 15:07
A Colossal Lack of Judgment (http://alhambrainvestments.com/a-colossal-lack-of-judgment/)

Jul 19th, 2009 by A.I. Research
Hank Paulson appeared before the House committee on (Lack of) Oversight and (Prevention of) Government Reform last week to defend his actions in the Bank of America/Merrill Lynch deal. For those of you who haven’t been following along, Bank of America CEO Ken Lewis has accused Ben Bernanke and Hank Paulson of pressuring him to complete the Merill acquisition even after discovering that the losses at Merrill were several orders of magnitude higher than what he thought when the deal was struck. Bernanke and Paulson allegedly told Lewis that he and the entire board would be replaced if he didn’t conceal the losses until the deal was approved by shareholders.

I didn’t think Hammerin’ Hank’s reputation could fall any further but after listening to his arrogant testimony this week, I think I have to revise that. Paulson cast himself as the hero in his testimony (http://finance.yahoo.com/news/Paulson-defends-his-response-apf-3839254834.html?x=0):
“Many more Americans would be without their homes, their jobs, their businesses, their savings and their way of life,” he said in written testimony prepared for a hearing Thursday.

While losses have been staggering, “that suffering would have been far more profound and disturbing” had the government not intervened, he will tell the House Oversight and Government Reform Committee.

“Our responses were not perfect … But, having had the benefit of some time to reflect, and to consider views expressed by others, I am confident that our responses were substantially correct and they saved this nation from great peril,” Paulson wrote.

Well, gee, thanks Hank. There is no way to know how things would have turned out if you hadn’t bailed out every firm that acted as a counterparty to your net worth (Goldman Sachs), but it’s nice to know it hasn’t affected your self esteem.......

full story: http://alhambrainvestments.com/a-colossal-lack-of-judgment/

....dieser arrogante Heini :bad

lunar
20.07.2009, 15:15
Goldman Starting To Offload Prop Positions

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Submitted by Tyler Durden on Mon, 07/20/2009 - 08:07


Abby Joseph Cohen must have threatened with retirement and David Kostin is here to pick up Olympic torch (http://www.cnbc.com/id/31774313).............But back to Goldman - up until this point the firm has been at least slightly sensitive about catching marginal end buyers. Now the guns are blazing, and as all Wall Street professionals tongue-in-cheekly know all too well, a forceful upgrade is when any firm (Goldman most definitely included) starts to sell into a call (in this case its own). So buyers please beware: you are now implicitly buying the shares that :bad Goldman and other brokers have been accumulating over the past 4 months.

full story: http://www.zerohedge.com/article/goldman-starting-offload-prop-positions

lunar
20.07.2009, 16:54
....ist einfach zu gut :supi wenn auch etwas spät ;)

-nVg-axfh34

lunar
20.07.2009, 17:06
Peter Brimelow

http://i.mktw.net/_newsimages/columnists/brimelow_peter.jpg Jul 20, 2009, 10:50 a.m. EST

Is grousing about Goldman reaching critical mass?

Commentary: Questions are reaching the point where something might happen
Comments Screener (93) (http://www.marketwatch.com/story/is-grousing-about-goldman-reaching-critical-mass/comments)


By Peter Brimelow (pbrimelow@marketwatch.com), MarketWatch
NEW YORK (MarketWatch) -- I'm amazed: Grousing about Goldman Sachs, and fury at the financial sector, is actually reaching the point where something might happen -- maybe even answers to questions we've been asking for a while.

Criticism of Goldman Sachs is reaching the point where something huge may happen. Full Story (http://www.marketwatch.com/story/is-grousing-about-goldman-reaching-critical-mass)


....ob doch mal etwas passiert :confused:rolleyes

lunar
20.07.2009, 17:34
SIMULIERTES GEHIRN

Wir werden ewig leben im Silizium (http://www.spiegel.de/wissenschaft/mensch/0,1518,636395,00.html)

Körper nutzen sich ab, aber es naht der Zeitpunkt, an dem wir Gehirne im Computer simulieren können - und ewig in ihnen leben, glaubt der Hirnforscher David Eagleman. Wichtig ist nur, dass wir auf dem Chip auch weiterhin Erinnerungen sammeln können. Sonst droht Stillstand. mehr... (http://www.spiegel.de/wissenschaft/mensch/0,1518,636395,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7945&goto=newpost) ]




....fürchterlich :rolleyes:o

lunar
20.07.2009, 17:45
...na ja - das eben auch noch ;)

RMINSD7MmT4

Apollo 11 moon landing: Moon music

To mark the 40th anniversary of Apollo 11's moon landing Telegraph.co.uk has compiled its top ten favourite pieces of music and musicians who were inspired by the moon.


By Julian Kossoff
Published: 3:48PM BST 20 Jul 2009

Comments 0 (http://www.telegraph.co.uk/scienceandtechnology/science/space/5871370/Apollo-11-moon-landing-Moon-music.html#comments) | Comment on this article (http://www.telegraph.co.uk/scienceandtechnology/science/space/5871370/Apollo-11-moon-landing-Moon-music.html#postComment)


Previous (http://Previous)
1 of 7 Images
Next (http://Next)


Man's impulse to explore boundless space and reveal the age-old mysteries of the planets has reverberated through popular culture:

1) Popular standard Fly Me to the Moon was written in 1954. Frank Sinatra recorded the song in1964 and his hit was played by the astronauts of Apollo 10, on their lunar-orbital mission and again on the moon itself by the astronaut Buzz Aldrin during Apollo 11......

full story: http://www.telegraph.co.uk/scienceandtechnology/science/space/5871370/Apollo-11-moon-landing-Moon-music.html

lunar
20.07.2009, 18:33
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Andrew Horowitz Interview With Matt Taibbi (http://www.zerohedge.com/article/andrew-horowitz-podcast-matt-taibbi)

Submitted by Tyler Durden on Mon, 07/20/2009 - 09:51



Andrew Horowitz (http://www.zerohedge.com/taxonomy_vtn/term/9331)
Bankruptcy (http://www.zerohedge.com/taxonomy_vtn/term/249)
Goldman Sachs (http://www.zerohedge.com/taxonomy_vtn/term/197)
Matt Taibbi (http://www.zerohedge.com/taxonomy_vtn/term/294)
Program Trading (http://www.zerohedge.com/taxonomy_vtn/term/213)

Andrew Horowitz of the Disciplined Investor (http://www.thedisciplinedinvestor.com/blog/2009/07/19/tdi-podcast-118-matt-taibbi-on-goldman-sachs-gs/) conducts a very informative interview with the (in)famous Matt Taibbi, touching on such broad topics as the economy, CIT's bankruptcy, earnings, program trading and of course Goldman Sachs. A much better way to spend 45 minutes instead of watching the high-pitched talkings heads in the octobox.

Interview link (http://www.podtrac.com/pts/redirect.mp3/media.blubrry.com/tdi_podcast/www.thedisciplinedinvestor.com/blog/podcasts/tdi_episode118.mp3) (and also check out Andrew's website (http://www.thedisciplinedinvestor.com/blog/): he has many other great interviews with the likes of Mish Shedlock, Kevin Depew, Dennis Gartman, Brett Steenbarger and many others).

lunar
20.07.2009, 21:03
This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team (http://www.zerohedge.com/article/message-brought-you-goldman-sachss-noble-liquidity-provisioning-team)

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg Submitted by Tyler Durden on Mon, 07/20/2009 - 12:11

Charlie Gasparino's (Feigling :o) recap of his behind the scenes meeting with Van Praag - apparently Goldman's most recent noble cause: "Providing liquidity" and their "proclivity for electronic trading." Odd... So odd.

Oh Michelle, as for the Nasdaq opening every morning just fine, maybe you should read this Bloomberg article from earlier today : By Adam Ewing July 20 (Bloomberg) -- NASDAQ OMX markets in Sweden, Finland and Denmark have resumed trading after failing to open on time this morning, delaying the start of trading by nearly 30 minutes. “The markets are up and running,” Anna Rasin, a NASDAQ OMX spokeswoman in Stockholm, said by telephone. “There is still a problem with the data dissemination system, but if you are trading, you can still see quotes and prices.” Rasin said there was a fire in a data room over the weekend, adding it is unclear whether that was the cause of today’s problems. The Dow Jones Nordic 30 Index, a measure for the region, rose 59.16, or 1.2 percent, to 5,027.7 as of 9:59 a.m. in Stockholm. Norway’s OBX Index gained 1.7 percent, while Finland’s Helsinki 25 Index advanced 1.2 percent. The OMX Stockholm 30 rose 0.8 percent. The Copenhagen OMX 20 Index also increased 0.8 percent.

http://www.zerohedge.com/images/bagicon.png
by Anonymous
on Mon, 07/20/2009 - 12:23
#10324 (http://www.zerohedge.com/article/message-brought-you-goldman-sachss-noble-liquidity-provisioning-team#comment-10324)

I wonder what Goldman pays these days for a CNBC reporter?







reply (http://www.zerohedge.com/comment/reply/14086/10324)
http://www.zerohedge.com/images/bagicon.png
by Anonymous
on Mon, 07/20/2009 - 12:25
#10329 (http://www.zerohedge.com/article/message-brought-you-goldman-sachss-noble-liquidity-provisioning-team#comment-10329)


Tyler - Are you going on CNBC's new feature "Blogger Buzz"?


reply (http://www.zerohedge.com/comment/reply/14086/10329)
http://www.zerohedge.com/sites/default/files/pictures/picture-492.jpg
by Dayton Ohio
on Mon, 07/20/2009 - 12:38
#10341 (http://www.zerohedge.com/article/message-brought-you-goldman-sachss-noble-liquidity-provisioning-team#comment-10341)

explain to me why TD still cares about CNBC?
seriously.
if johnny & jane q. can't figure it out by now, let them go down w/ immelt & co.
please, ZH, i come to here to avoid those idiots.
ignore them.

...diese :kotzGS-Heinis schaffen es wohl immer wieder :gomad

lunar
20.07.2009, 21:28
...ich verstehe ja alle die genug von GS haben :rolleyes es ist einfach for the record :o

Martin Armstrong's Latest On "Real Dark Pools" (http://www.zerohedge.com/article/martin-armstrongs-latest-real-dark-pools)

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Submitted by Tyler Durden on Mon, 07/20/2009 - 13:45





Martin Armstrong (http://www.zerohedge.com/taxonomy_vtn/term/8568)
REAL (http://www.zerohedge.com/taxonomy_vtn/term/9340)
Thought provoking (http://www.zerohedge.com/sites/default/files/17502333-The-Goldman-Sachs-Conspiracy-The-Real-Dark-Pool.pdf)

17502333-The-Goldman-Sachs-Conspiracy-The-Real-Dark-Pool.pdf (http://www.zerohedge.com/sites/default/files/17502333-The-Goldman-Sachs-Conspiracy-The-Real-Dark-Pool.pdf) 3.84 MB

lunar
20.07.2009, 22:17
BA and Virgin to stop suspected swine flu victims from flying



Airlines offer guidance to check-in staff to help them prevent customers boarding flights if they appear to have the virus

Comments (67) (http://www.guardian.co.uk/world/2009/jul/19/swine-flu-british-airways-virgin?commentpage=1)

Passengers with swine flu (http://www.guardian.co.uk/world/swine-flu) will be stopped from boarding flights, two major airlines confirmed today, as the Department of Health warned tourists who contract the illness abroad not to travel home until their symptoms have gone.

Both British Airways and Virgin Atlantic said they had provided check-in staff and cabin crew with guidance on how to act if they believe a passenger is unwell. Medical advice would be taken to assess the condition of passengers exhibiting symptoms, including having a headache, sore throat, runny nose, and aching muscles.....

full story: http://www.guardian.co.uk/world/2009/jul/19/swine-flu-british-airways-virgin




http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2009/5/1/1241208182480/Swine-Flu-Fears-Spread-Th-002.jpg http://static.guim.co.uk/static/76532/common/styles/wide/images/interactive_140.png (http://www.guardian.co.uk/world/interactive/2009/jun/11/swine-flu-outbreak-mexico-pandemic)



Swine flu: the affected nations (http://www.guardian.co.uk/world/interactive/2009/jun/11/swine-flu-outbreak-mexico-pandemic)

Interactive: Swine flu has now affected 80 countries. See how far the contagion has spread

Interactive: how it has spread in the UK (http://www.guardian.co.uk/uk/interactive/2009/may/05/swine-flu-cases-britain)

lunar
20.07.2009, 22:19
20. Juli 2009, 21:40, NZZ Online

Paris hat wieder ein Meer

Einen Monat Sand an der Seine


Paris ist wieder ans Meer gerückt: Bereits zum 8. Mal wurde am Montag die «Paris Plage» eröffnet. Einen Monat lang sind die Autos von den Uferstrassen der Seine verbannt.


(ap) Stattdessen können sich Pariser und Touristen im Sand unter Palmen räkeln. Provisorische Schwimmbecken, Boule-Plätze, Cocktail-Bars und abendliche Konzerte sollen für Mittelmeerfeeling im Herzen der französischen Hauptstadt sorgen.

«Ich bin hergekommen, weil mir der echte Strand fehlt», sagte die Brasilianerin Doris Alseguel, die mit ihren beiden Kindern zu den ersten Besuchern gehörte.

«Paris Plage» wurde 2001 vom sozialistischen Bürgermeister Bertrand Delanoe ins Leben gerufen und gilt als die «Mutter aller Stadtstrände». Weil die schmalen Uferstreifen aber schnell hoffnungslos überfüllt sind und die Strassensperrungen zu einem permanenten Verkehrschaos führen, haben nicht alle Pariser den allsommerlichen Event in ihr Herz geschlossen.

http://www.nzz.ch/nachrichten/panorama/paris_plage_seine_meer_1.3136800.html

lunar
21.07.2009, 09:16
EU überwacht Überweisungen
(http://www.mmnews.de/index2.php?option=com_content&do_pdf=1&id=3344)
(http://www.mmnews.de/index2.php?option=com_content&task=view&id=3344&pop=1&page=0&Itemid=70)
(http://www.mmnews.de/index2.php?option=com_content&task=emailform&id=3344&itemid=70) Montag, 20. Juli 2009 EU Überwachung total. Brüssel will Zugriffauf alle Finanztransfers zwischen Banken und Finanzinstituten in mehr als 200 Ländern. Grund: Terror. Daten werden bei Bedarf an die USA weiter gegeben.

http://www.mmnews.de/index.php/200907203344/MM-News/EU-uberwacht-Uberweisungen.html


Zum Original-Beitrag (http://showthread.php3?p=1250101#post1250101)
....Brüssel macht sich dabei ein neues Rechenzentrum zunutze, das im September in der Schweiz in Betrieb genommen wird. Dort werden Daten über den innereuropäischen Zahlungsverkehr verarbeitet.

Terrorfahnder könnten so auch Zugriff auf Überweisungen im europäischen Zahlungsraum (Sepa) erhalten. Ursprünglich war der neue Server gebaut worden, um die europäischen Finanzdaten dem Zugriff der USA zu entziehen und den Datenschutz zu verbessern.

Nun plant die EU, sensible Informationen zu Fahndungszwecken selbst auszuwerten, um sie auf Anfrage den US-Fahndern zur Verfügung zu stellen......:rolleyes:mad

lunar
21.07.2009, 09:19
Zuviel Urin in jeder vierten Badi (http://www.tagesanzeiger.ch/schweiz/standard/Zuviel-Urin-in-jeder-vierten-Badi/story/21502791):bad

http://files.newsnetz.ch/story/2/1/5/21502791/12/teasermedium.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Zuviel-Urin-in-jeder-vierten-Badi/story/21502791) Für Badewasser sollen bald überall dieselben Anforderungen gelten. So will der Bundesrat das Durcheinander bei den Kontrollen beenden – und für bessere Qualität sorgen. Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/Zuviel-Urin-in-jeder-vierten-Badi/story/21502791)

Von Daniel Friedli, Bern. Aktualisiert um 06:27 Uhr

http://files.newsnetz.ch/story/2/1/5/21502791/12/topelement.jpg

lunar
21.07.2009, 09:36
:rolleyes
http://www.nposolution.com/epaper/taz/logo.gif 21. Juli 2009
Zierfische und Schlangen ins WC entsorgt

Von Jürg Schmid Aus den Augen, aus dem Sinn: Viele entsorgen Essensreste, Intimartikel, Zigaretten, Katzensand und sogar Tiere ins WC.

Das ist nicht erlaubt und stört die Reinigung in Kläranlagen.

BILD WOLFGANG STRÄULI
Der Rechen in der Kläranlage fängt pro Woche bis zu vier Tonnen Abfall auf. http://epaper3.tagesanzeiger.ch/ee/taz/ges/2009/07/21/013/article5_1.jpg

Elsau/Winterthur. – Alles nur Erdenkliche aus Haushalten landet im Ausguss oder in der WC-Schüssel. René Kappeler, seit 15 Jahren Klärwärter in Elsau, kann ein Lied davon singen. «Ein Schüler hat mir erzählt, dass sein Vater regelmässig den Inhalt des Aschenbechers ins WC entsorgt. Und ich habe schon vakuumverpackte Cervelats im Rechen gesehen.» Besonders schlimm sind öl- oder fetthaltige Speisereste wie Salat oder Pommes frites. Kappeler hat deshalb in einem Bericht über die Kläranlage in der Juli-Nummer der «Elsauer Zytig» die Bitte deponiert, Abfälle nicht ins Abwasser zu entsorgen.

Nebst Urin und Fäkalien hat Kappeler in der Kanalisation auch schon Unterwäsche, Socken, Kondome, Tampons oder Windeln gefunden. Besonders gravierend sind zum Beispiel Deckblätter von Slipeinlagen. Diese gehen durch die Auffangrechen, die alles festhalten, was grösser als 2 bis 2,5 Zentimeter gross ist. Weil sie aus Plastik sind, verrotten diese Deckblätter nicht und landen im Schlamm der Klärbecken.

Mann suchte verlorenes Gebiss

Auch bei einem Augenschein gestern Montag beim Hauptrechen in der Kläranlage der Stadt Winterthur in der Hard kommen viele illegal entsorgte Feststoffe zum Vorschein. Nebst viel WC-Papier fördert der Rechen auch Zigarettenstummel, Plastikteile und Reste von Früchten aufs Förderband. Das Rechengut wird in einer Presse entwässert, verfestigt und für den Abtransport in die Kehrichtverbrennung in einer Mulde gelagert. «Pro Woche sind es rund vier Tonnen», sagt Klärwärter Arthur Welten. Welten hat schon Unglaubliches im Rechen gesichtet: Gebisse, Vibratoren, Zierfische, Schlangen oder Portemonnaies. Einmal sei ein Mann gekommen, und der habe gefragt, ob man nicht sein Gebiss suchen könne, das in die Kanalisation gefallen sei. Auch nach dem Rechen sind in der Anlage in der Hard noch kleinere Feststoffe und Fette im Abwasser. Diese binden sich in den drei Becken der Vorbelüftung mit den Feststoffen und gelangen in einen Seitenkanal. Dort muss Welten die klebrige Pappe mit einem Kran abschöpfen – drei- bis viermal pro Woche. «Ins Abwasser gehört nichts Fettiges», sagt Welten. Wattestäbchen, Haare und Tamponfäden schwimmen oft durch die Anlage bis zur Filtration, wo das Wasser über Blähschiefer und Quarzsand sickert.

Die Probleme mit Feststoffen im Abwasser «sind bei allen Anlagen ähnlich», sagt Roger Müller, Leiter der Anlage in der Hard. Binden oder Wattestäbchen können die Lager von Pumpen blockieren, oder sie passieren alle Becken und beeinträchtigen die Reinigung. «Wenn unsere Leute verstopfte Rechen frei machen müssen, ist das ein gefährlicher Job», sagt Anlageleiter Müller.

Katzensand verklumpt Kanäle

Besonders schädlich ist Katzensand mit Bindemitteln. Er verklumpt mit Kalk und verringert den Durchlass in den Kanälen und Rohren der Kanalisation. «Und wegen der Essensreste, die vor allem nach dem Mittag angeschwemmt werden, vermehren sich die Kakerlaken und Ratten», sagt Müller. In Massen gelangen auch nicht gebrauchte Medikamente, Körperpflegemittel oder Reinigungsmittel über die Toiletten in die Kläranlagen und machen den Bakterienkulturen in der biologischen Reinigung das Leben schwer.

Die Mehrkosten für die Entsorgung von Feststoffen kann Müller nicht beziffern. Sie verursachen in der Kläranlage etwa die zehnfachen Kosten, als wenn sie ordentlich im Kehricht gelandet wären. Müller vermutet, dass viele Leute aus Eigennutz (Sackgebühren sparen) oder Nachlässigkeit Abfälle in die Kanalisation entsorgen. «Feststoffe gehören aber nicht ins WC oder den Ausguss in der Küche. Das ist total falsch, stört den Betrieb der Kläranlagen, und es ist gesetzeswidrig. Alle müssen zur zweitwichtigsten Lebensgrundlage, dem Wasser, mehr Sorge tragen. Gereinigtes Abwasser ist das potenzielle Trinkwasser aller Personen, die weiter unten an den Flüssen wohnen.»

Die Kläranlage in Winterthur ist für rund 150 000 Einwohner ausgelegt. Sie reinigt die Abwässer der Stadt Winterthur, der Gemeinden Zell, Rikon, Turbenthal, Wila, Brütten, Wiesendangen sowie Teilen von Wildberg und Elsau.

lunar
21.07.2009, 10:05
KALIFORNIEN

Schwarzenegger wendet Finanzkollaps ab (http://www.spiegel.de/politik/ausland/0,1518,637222,00.html)

26,3 Milliarden Dollar fehlen im Haushalt des US-Bundesstaats Kalifornien. Jetzt hat sich Gouverneur Schwarzenegger nach monatelangem Ringen mit dem Parlament auf Sparmaßnahmen geeinigt. Sozialleistungen werden massiv gekürzt, Zehntausende könnten ihre Krankenversicherung verlieren. mehr... (http://www.spiegel.de/politik/ausland/0,1518,637222,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7750) ]


.......Die geplanten Einschnitte vor allem im sozialen Bereich (....damit die Schwachen noch schwächer werden :dumm) belaufen sich auf rund 15 Milliarden Dollar......

Laut "Los Angeles Times" würden Zehntausende ältere Menschen und Kinder aus der Krankenversicherung fallen. Die Gemeinden würden Milliarden bei Hilfsleistungen einsparen. Bei einer großen Zahl von Strafgefangenen werde die Haftstrafe reduziert, um Unterbringungs- und Bewachungskosten einzusparen. Angestellte des Bundesstaates würden weiterhin gezwungen werden, unbezahlte freie Tage zu nehmen. Ferner sollen neue Ölbohrungen vor der Küste von Santa Barbara Geld in die Kassen spülen......

lunar
21.07.2009, 10:13
....hmmm - alle sagen es - alle wissen es - nothing happens :mad

4MH_oz9f1E4&eurl

...ist dieser Paulson peinlich :rolleyes

lunar
21.07.2009, 13:44
BILLIONENDEFIZIT

Obama scheut den Schuldenschreck (http://www.spiegel.de/wirtschaft/0,1518,637315,00.html)

Die USA haben ein billionenschweres Schuldenproblem - wie tief der Staat in der Kreide steht, will Barack Obama nun erst in den Parlamentsferien preisgeben. Die Opposition protestiert energisch: Sie wittert einen präsidialen Kniff, um die umstrittene Gesundheitsreform durchzuboxen. mehr... (http://www.spiegel.de/wirtschaft/0,1518,637315,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7135) ]

lunar
21.07.2009, 13:51
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gif60.000 freie Stellen: Fachkräftemangel alarmiert Wirtschaft (http://www.spiegel.de/wirtschaft/0,1518,637138,00.html)
.
.
....und CH wird überschwemmt von Deutschen Fachkräften :rolleyes an was das wohl liegen mag :confused :o

lunar
21.07.2009, 14:01
House Dems To Geithner: Stop Backroom Deals With Wall Street (http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html)

First Posted: 07-20-09 06:52 PM | Updated: 07-20-09 07:48 PM


http://images.huffingtonpost.com/gen/81692/thumbs/s-GEITHNER-large.jpg




http://www.huffingtonpost.com/images/sidebar/comments.gif Comments

(http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html#comments)
Now that bailed-out banks are reporting record-breaking profits, the U.S. taxpayer, who bought into these institutions at bottom-barrel prices, could wind up on the winning end of a nice profit. That's what happens, after all, when you buy low and sell high.

When Congress bailed out Wall Street, it required banks to give warrants to the treasury. That way, if the market turned around and a bank's stock rose, the taxpayer could profit. Indeed, the notion that the taxpayer might profit from the bailout was floated by members of Congress on both sides of the aisle.

The Congressional Oversight Panel, however, looked into the early sales of warrants and found earlier this month that Treasury would only get about 66 percent of the market value for the warrants. And it was doing so in private negotiations with the banks.

A group of Democrats in Congress want to end that practice. A bill introduced by Rep. Mary Jo Kilroy (D-Ohio) would require the Treasury to sell warrants in a public auction and do so in a transparent way. On Wednesday, the Financial Services Subcommittee on Oversight and Investigations holds a hearing on the sale of warrants, focusing on protecting profits for the taxpayer......

full story: http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html


....Lug und Trug wo man hinschaut :gomad


aus den comments:
Reply (http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html#) Favorite (http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html#) Flag as abusive (http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html#) Posted 07:38 AM on 07/21/2009
- (javascript:void(0)) + (javascript:void(0)) http://www.huffingtonpost.com/images/comments/new_icon.gif vippy (http://www.huffingtonpost.com/users/profile/vippy) I'm a Fan of vippy (http://www.huffingtonpost.com/users/becomeFan.php?of=vippy) I'm a fan of this user permalink (http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html?show_comment_id=27440618#comment_27440618)
Ever thought about who is really running this country? Perhaps Obama was given a choice and he did what he had to do? Remains to be seen.


Reply (http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html#) Favorite (http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html#) Flag as abusive (http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html#) Posted 07:46 AM on 07/21/2009

- (javascript:void(0)) + (javascript:void(0)) http://www.huffingtonpost.com/images/comments/new_icon.gif TMc73 (http://www.huffingtonpost.com/users/profile/TMc73) I'm a Fan of TMc73 (http://www.huffingtonpost.com/users/becomeFan.php?of=TMc73) I'm a fan of this user permalink (http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html?show_comment_id=27440727#comment_27440727)
I have no doubt what so ever as to who is really running the country. I just thought that Obama had the political momentum and capital to make at least some small changes, but it looks as if the Pin Striped Bandits on Wall Street are totally unwilling to accept any changes to the status quo; there is way too much money to be made / stolen in this economy.

A common thief merely robs the bank;
A master thief OWNS the bank.







(http://www.huffingtonpost.com/2009/07/20/house-dems-to-geithner-st_n_241622.html)

lunar
21.07.2009, 14:25
http://images.huffingtonpost.com/gen/85556/thumbs/s-SWINE-FLU-large.jpg (http://www.ft.com/cms/s/0/375dde06-7559-11de-9ed5-00144feabdc0.html)
Swine Flu Profits: Drug Companies To Reap Billions (http://www.ft.com/cms/s/0/375dde06-7559-11de-9ed5-00144feabdc0.html):rolleyes




Quick Read (http://www.huffingtonpost.com/2009/07/20/swine-flu-profits-drug-co_n_241642.html) |
Comments (24) (http://www.huffingtonpost.com/2009/07/20/swine-flu-profits-drug-co_n_241642.html)
| Swine Flu (http://www.huffingtonpost.com/news/swine-flu)

lunar
21.07.2009, 14:59
http://l.yimg.com/a/p/us/news/editorial/c/f0/cf04068e83c81571eea8ed428ca67614.jpeghttp://l.yimg.com/cz/lib/fi/us/p/d/static/images/3.0.27/2.0.0/buttons/fp_play_button.gif (http://finance.yahoo.com/tech-ticker/article/286606/Wall-St.-in-Danger-of-Losing-Its-Crown-as-King-of-Finance?tickers=xlf,%5Edji,%5Egspc,qqqq)

Wall St. in Danger of Losing Its Crown as King of Finance (http://finance.yahoo.com/tech-ticker/article/286606/Wall-St.-in-Danger-of-Losing-Its-Crown-as-King-of-Finance?tickers=xlf,%5Edji,%5Egspc,qqqq)

lunar
21.07.2009, 15:47
TÖDLICHE SCHÜSSE

Afghanistan-Krieger oder Verbrecher (http://www.spiegel.de/spiegel/0,1518,637290,00.html)

Er erschoss in Afghanistan eine Frau und zwei Kinder: Weil der Einsatz am Hindukusch aber offiziell kein Krieg ist, geriet der Bundeswehrsoldat in der Heimat ins Visier der Staatsanwaltschaft - und wurde behandelt wie jemand, der einen Bankraub begangen haben soll. Von Ulrike Demmer mehr... (http://www.spiegel.de/spiegel/0,1518,637290,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7423) ]


.....Der Fall Fischer ist eine weitere Merkwürdigkeit beim Einsatz der Bundeswehr in Afghanistan. Dort sterben und töten deutsche Soldaten, aber von einem Krieg soll nicht die Rede sein, weshalb Fischer von der Justiz so behandelt wurde wie jemand, der im Verdacht steht, einen Bankraub begangen zu haben.....

....schon mal was von Doppelmoral der Regierenden gehört :Prost :bad:gomad

lunar
21.07.2009, 16:03
TheWatcher (1000+ posts) http://www.democraticunderground.com/discuss/images/mesg.gif (http://www.democraticunderground.com/discuss/duboard.php?az=send_mesg&u_id=120492) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=120492) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=120492) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=120492&level=three) Tue Jul-21-09 06:34 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978801) 3. You know, I KNOW I shouldn't do this. http://upload.democraticunderground.com/discuss/images/avatars/ivoted.gif Edited on Tue Jul-21-09 06:46 AM by TheWatcher
But My GOD, WHAT DOES IT TAKE TO BREAK THE DELUSIONAL HAZE?

This is THE POSTER CHILD, THE EXHIBIT A of "People Just DON'T GET IT"

http://www.democraticunderground.com/discuss/duboard.ph... (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=6108801&mesg_id=6108801)

THE CURRENT STOCK MARKET BUBBLE DOES NOT HAVE ANYTHING TO DO WITH THE HEALTH OF THE REAL ECONOMY.

I am SICK AND TIRED of seeing this shilled as some kind of Harbinger to the end of The Recession by Cheerleaders who are so invested in FEELING GOOD, that they not only are willing to sacrifice their OWN well being and treasure, but apparently EVERYONE ELSE'S.

At Long Last, WHY can people NOT WAKE UP?

Is it THAT important to be Ignorant, willful or otherwise?

Is it THAT important to cling to a false paradigm like an infant clings to it's favorite toy?

And WHAT will these mindless zombies tell us when this thing falls apart?

"Nobody Could Have Forseen....."

This is BEYOND the point of unacceptable.

This is just flat out DANGEROUS.

People are out there advising well-meaning people to throw what little they have left into the CRIMINALS POCKETS.

Shame On Them.

Shame. On. THEM.

I apologize for depositing this here, but I am just angry.

Not only do we have a Criminal Oligarchy Bankrupting EVERYTHING by design, we have SO MANY of our countrymen GOING ALONG WITH IT and saying it's GOOD.

This is MADNESS.

On Edit: Futures Update From -35 and Red THE WHOLE NIGHT to +2 RIGHT NOW, supposedly the setup for Helo Ben's Verbal Diarrhea about how The Recovery is Over and The Boom has begun on Capitol Hill.

I am not even going to pay attention to any of this today.

This isn't worth a Stroke.

*******************************

http://www.democraticunderground.com/discuss/images/mesg_level.gifhttp://www.democraticunderground.com/discuss/images/reply_message.gif Market Observation (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978803) ozymandius Jul-21-09 06:30 AM #1
http://www.democraticunderground.com/discuss/images/last_mesg_level.gifhttp://www.democraticunderground.com/discuss/images/reply_message.gif The Problem Is: The Junkies Don't Want a Cure (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978832) Demeter Jul-21-09 07:13 AM #12 http://www.democraticunderground.com/discuss/images/middle_mesg_level.gif
http://www.democraticunderground.com/discuss/images/last_mesg_level.gifhttp://www.democraticunderground.com/discuss/images/reply_message.gif Obama hits out at Wall Street banks (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978856) DemReadingDU Jul-21-09 07:48 AM #23
http://www.democraticunderground.com/discuss/images/mesg_level.gifhttp://www.democraticunderground.com/discuss/images/reply_message.gif Get A Brain, Moran! (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978868) Tansy_Gold Jul-21-09 07:56 AM #30
http://www.democraticunderground.com/discuss/images/mesg_level.gifhttp://www.democraticunderground.com/discuss/images/reply_message.gif I Ain't Holding My Breath (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978869) Demeter Jul-21-09 07:58 AM #31
http://www.democraticunderground.com/discuss/images/last_mesg_level.gifhttp://www.democraticunderground.com/discuss/images/reply_message.gif I know how President Obama can assert some leverage. (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978878) ozymandius Jul-21-09 08:05 AM #35
http://www.democraticunderground.com/discuss/images/mesg_level.gifhttp://www.democraticunderground.com/discuss/images/reply_message.gif From Your Lips to Obama's Ears (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978884) Demeter Jul-21-09 08:13 AM #38 http://www.democraticunderground.com/discuss/images/middle_mesg_level.gif
http://www.democraticunderground.com/discuss/images/last_mesg_level.gifhttp://www.democraticunderground.com/discuss/images/reply_message.gif I've seen this disgust and frustration over GS expressed elsewhere. (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978892) ozymandius Jul-21-09 08:21 AM #41 http://www.democraticunderground.com/discuss/images/middle_mesg_level.gif
http://www.democraticunderground.com/discuss/images/mesg_level.gifhttp://www.democraticunderground.com/discuss/images/reply_message.gif If Obama is really serious what he said (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978887) DemReadingDU Jul-21-09 08:16 AM #39
http://www.democraticunderground.com/discuss/images/last_mesg_level.gifhttp://www.democraticunderground.com/discuss/images/reply_message.gif a goldman exec was appointed as an advisor to obama yesterday :) (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3978801&mesg_id=3978941)

lunar
21.07.2009, 16:21
lcKQt5hHDXg&eurl

lunar
21.07.2009, 16:53
Some Fear Wall Street Too Heavily Influences The Financial Enforcer


http://media3.washingtonpost.com/wp-dyn/content/photo/2009/07/19/PH2009071902149.jpg (http://javascript%3Cb%3E%3C/b%3E:void%28popitup%28%27http://www.washingtonpost.com/wp-srv/photo/postphotos/orb/asection/2009-07-20/index.html?imgId=PH2009071902151&imgUrl=/photo/2009/07/19/PH2009071902151.html%27,650,850%29%29) New York Fed President William C. Dudley served 10 years as Goldman Sachs's chief economist. (By Kevin Clark -- The Washington Post)

By Neil Irwin (http://projects.washingtonpost.com/staff/articles/neil+irwin/)
Washington Post Staff Writer
Monday, July 20, 2009

NEW YORK -- The low-slung cubicles wrap around the ninth floor of a building three blocks from Wall Street, each manned by a young staffer staring at flashing numbers on a flat-screen computer monitor and working the phones to gather the latest chatter from financial markets around the world.

It could be any investment bank or hedge fund. Instead, it is the markets group of the Federal Reserve Bank of New York (http://www.newyorkfed.org/), which has been on the front lines of the government's response to the financial crisis. Federal Reserve and Treasury Department officials make the major decisions, but the New York Fed executes them........

.......In responding to the financial crisis, the New York Fed has designed many of its programs to try to take advantage of some of the same business practices that contributed to the crisis......

..........The New York Fed, in scrambling to save the financial industry, has even taken a page out of the industry playbook, adopting a trick known as "special purpose vehicles." These entities, as used by Citigroup (http://financial.washingtonpost.com/custom/wpost/html-qcn.asp?dispnav=business&mwpage=qcn&symb=C&nav=el) and other banks, contributed to the financial meltdown. But the Fed turned to similar entities when it bumped up against legal restrictions on its ability to buy risky assets. When the central bank decided to rescue Bear Stearns and, later, American International Group (http://financial.washingtonpost.com/custom/wpost/html-qcn.asp?dispnav=business&mwpage=qcn&symb=AIG&nav=el), New York Fed lawyers suggested creating separate limited liability corporations to buy the assets. The Fed then lent money to these new entities. Dudley said the Fed has made such moves to support the overall economy, helping to keep a deep recession from getting much worse. When programs have helped individual firms, they have done so only to prevent catastrophic damage to the broader U.S. economy
The information gathered there provides crucial insights into the financial world for top policymakers. But the bank is so close to Wall Street -- physically, culturally and intellectually -- that some economic experts worry that the New York Fed puts the interests of the financial industry ahead of those of ordinary Americans.

"The New York Fed sticks out as being not just very, very close to Wall Street, but to the most powerful people on Wall Street," said Simon Johnson, an economist at MIT. "I worry that they pay too much deference to the expertise and presumed wisdom of a sector that screwed up massively.....

full story: http://www.washingtonpost.com/wp-dyn/content/article/2009/07/19/AR2009071902148_2.html?sub=AR

:rolleyes:mad

lunar
21.07.2009, 18:15
Is Obama Gorbachev?

By James Howard Kunstler
on July 20, 2009 6:47 AM


The eulogy for Walter Cronkite as "the most trusted man in America" on the CBS "Sixty Minutes" show said a lot about the condition of this nation -- though it did not signify what CBS thought it did. It wasn't about the death of one hugely esteemed individual; it was about the broad institutional failure of TV news in general and the current grievous loss of legitimacy and authority in shaping a national consensus of reality. Watching the old clips of Cronkite delivering the evening news years ago, one couldn't help weighing the contrast with the current spectacle of snide, combative, overbearing idiocy acted out nightly by the likes of Kudlow, Olberman, Kneale, O'Reilly, Matthews, and Dobbs as they shout down their invited guest commentators, pander to their demographic, and diss their rivals for ratings.
It was instructive to notice that the program following "Sixty Minutes" -- in the supreme weekly slot of 8p.m. Sunday -- was a childish and stupid "reality" show called "Big Brother." This said even more about the craven quality of the people currently running CBS. It was also a useful lesson in the diminishing returns of technology as applied to television, since it should now be obvious that the expansion of cable broadcasting since the heyday of the "big three" networks has led only to the mass replication of video garbage rather than a banquet of culture, as first touted.
It should remind us more generally that when a society's operations become broadly fraudulent and unreal, authority and legitimacy wither. This is analogous to the position Barack Obama now finds himself in. He was elected as the politician most trusted in America to change the fraudulent and unreal operations of the US government. Don't bother protesting that all politics is necessarily unreal and fraudulent. If it were so, you'd have to argue that the US Constitution was wholly a fraud, as well as Madison, Jefferson, Hamilton and the rest. It only has strong tendencies in that direction. (The Declaration of Independence was itself a direct strike against the fraud and unreality of British royal governance in America.)
As president, Barack Obama is faced with the essential fraudulence and unreality of the US economy. Notice that, as ominous as they are, the wars in iraq and Afghanistan have generated only minimal protest so far in the early Obama period, despite the fact that they are not operationally different from their conduct under Bush. There is no protest because, for now, a consensus exists that our troops are in these places for perceived reasons -- to keep Mideast oil supply lines open... to keep Islamic maniacs busy in their own backyard instead of on US territory... to keep Iran in a vise... to maintain the American "empire" (take your pick). There's something there to appeal to a broad majority of US voters. Unlike Vietnam, Iraq and Afstan are not perceived as out-and-out frauds.....

full story: http://kunstler.com/blog/2009/07/is-obama-gorbachev.html#more

...es lohnt sich alles zu lesen :supi

lunar
21.07.2009, 18:20
Kunstler bezieht sich auf diesen Artikel:

Op-Ed Contributor
One Giant Leap to Nowhere

By TOM WOLFE
Published: July 18, 2009
WELL, let’s see now ... That was a small step for Neil Armstrong, a giant leap for mankind and a real knee in the groin for NASA.

http://graphics8.nytimes.com/images/2009/07/19/opinion/18space190v.jpg (http://javascript%3Cb%3E%3C/b%3E:pop_me_up2%28%27http://www.nytimes.com/imagepages/2009/07/19/opinion/19moon75.html%27,%20%2719moon75%27,%20%27width=670,height=600,scrollbars=yes,toolbars=no,resizable=yes%27%29) Bruce Mccall

The American space program, the greatest, grandest, most Promethean — O.K. if I add “godlike”? — quest in the history of the world, died in infancy at 10:56 p.m. New York time on July 20, 1969, the moment the foot of Apollo 11’s Commander Armstrong touched the surface of the Moon.

It was no ordinary dead-and-be-done-with-it death. It was full-blown purgatory, purgatory being the holding pen for recently deceased but still restless souls awaiting judgment by a Higher Authority....

full story: http://www.nytimes.com/2009/07/19/opinion/19wolfe.html?_r=2&pagewanted=1&sq=tom%20wolfe%20%20%20moon&st=cse&scp=1

lunar
21.07.2009, 19:03
Obama Extends Protection For Cheney :dumm
(http://www.nydailynews.com/news/politics/2009/07/21/2009-07-21_cheney_keeps_protection_thanks_to_uncle_sam_bam.html)

http://images.huffingtonpost.com/gen/94057/thumbs/s-CHENEY-large.jpg (http://www.nydailynews.com/news/politics/2009/07/21/2009-07-21_cheney_keeps_protection_thanks_to_uncle_sam_bam.html)





Quick Read (http://www.huffingtonpost.com/2009/07/21/obama-does-cheney-a-favor_n_241785.html) |
Comments (322) (http://www.huffingtonpost.com/2009/07/21/obama-does-cheney-a-favor_n_241785.html)

.
nini516 (http://www.huffingtonpost.com/users/profile/nini516) I'm a Fan of nini516 (http://www.huffingtonpost.com/users/becomeFan.php?of=nini516)
Who's going to protect the world from Cheney? :mad

lunar
21.07.2009, 19:16
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Obama Does Not Need Congress To Fund IMF and WB, Barney Frank Shocked, Compares Obama To W. (http://www.zerohedge.com/article/obama-does-not-need-congress-fund-imf-and-wb-barney-frank-shocked-compares-obama-w)

Submitted by Tyler Durden on Tue, 07/21/2009 - 10:40


Barney Frank puts on his indignation hat on after realizing that the President has decided he doesn't need congressional approval on funding international financial institutions including the IMF and the World Bank. Here is the ensuing response when Barney realizes that for all his posturing, he is a third (and quite overinflated at that) wheel: "During the previous administration, all of us were critical of the President’s assertion that he could pick and choose which aspects of congressional statutes he was required to enforce. We were therefore chagrined to see you appear to express a similar attitude." Most odd is why the President wants unopposed decision making with regard to these organizations: is Larry Summary smelling a massive, upcoming global bail out that the American people are not allowed to be heard on?

»

12 comments (http://www.zerohedge.com/article/obama-does-not-need-congress-fund-imf-and-wb-barney-frank-shocked-compares-obama-w#comments)
Read more (http://www.zerohedge.com/article/obama-does-not-need-congress-fund-imf-and-wb-barney-frank-shocked-compares-obama-w)
.
:rolleyes

lunar
21.07.2009, 21:25
20:41 SINIESTRO EN LA TERRA ALTA

Al menos cuatro bomberos muertos en el incendio del parque natural de Els Ports (http://www.elperiodico.com/default.asp?idpublicacio_PK=46&idioma=CAS&idnoticia_PK=631168&idseccio_PK=1051)





Otras dos personas de los servicios de extinción están heridas

a causa del fuego, que se ha reavivado esta tarde por el viento
http://www.elperiodico.com/vivo/recursos/fotos/foto_377/foto_377500_CAS.jpg (http://www.elperiodico.com/default.asp?idpublicacio_PK=46&idioma=CAS&idnoticia_PK=631168&idseccio_PK=1051) Un hidroavión sobrevuela la zona incendiada. Foto: EFE / JAUME SELLART


Cuatro bomberos han fallecido hacia las cuatro de esta tarde en el incendio que afecta desde ayer al parque natural de Els Ports, en el término de Horta de Sant Joan (Terra Alta), han confirmado los bomberos de la Generalitat....



El alcalde de Horta de Sant Joan espera que hoy se controle el fuego al amainar viento


....Horta de Sant Joan unser Dorf :cry

lunar
21.07.2009, 21:38
Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."


n0NYBTkE1yQ&eurl

lunar
21.07.2009, 22:56
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Is The SLP The NYSE's Answer To Direct Edge's "Advance Look" Enhanced Liquidity Provider Program Or You Trade You Lose, You Trade Goldman Wins (http://www.zerohedge.com/article/slp-nyses-answer-direct-edges-advance-look-enhanced-liquidity-provider-program)

Submitted by Tyler Durden on Tue, 07/21/2009 - 15:14

There is a curious article in the latest edition of Traders Magazine (http://www.tradersmagazine.com/issues/20_296/-103978-1.html). It is curious mostly because it was allowed to be published, as it definitively peels off the cover of what truly happens at the pantheon of stock exchanges, that dominated by a private club of select high frequency traders, who obtain better and faster pricing than everyone else, and where the group of "select few" is seemingly legally allowed and even encouraged to front-run the "every-one else" (you, dear reader, are most likely in the latter camp). If you ever wondered why HFT generates profits of over $20 billion a year, please read this article (http://www.tradersmagazine.com/issues/20_296/-103978-1.html).





* 1 comment
* .
* by Anonymous
on Tue, 07/21/2009 - 15:27 #11372
What's the frequency, SEC?: Matthew Goldstein http://www.iii.co.uk/news/?type=afxnews&articleid=7433916&action=article
* By Matthew Goldstein



NEW YORK, July 21 (Reuters) - Sergey Aleynikov is not the Wall Street folk hero that some Goldman Sachs conspiracy theorists are making him out to be.

If Aleynikov stole some of the top secret code for Goldman's automated, super-fast trading platform, as prosecutors contend, then he broke the law, and the 39-year-old former Goldman programmer should be appropriately punished.

But this strange Wall Street crime story isn't just about one man's guilt or innocence. The case should also serve as an alarm for securities regulators to start taking a close look at so-called high frequency trading and the impact that this speed-of-light trading strategy is having on the markets.

After all, if a computer code is valuable enough for someone to steal, and critical enough for a Wall Street firm to go to federal authorities to protect, one would think that regulators would want to know why it is so important.

Yet regulators largely have stood by and allowed this secretive corner of the quantitative trading world to grow ever bigger, without mustering up much of a protest.

Computer-driven trading, where complex buy and sell orders are completed in fractions of a second, now account for 73 percent of all daily stock trades in the United States, according to the Tabb Group, a financial services research firm. Tabb also estimates that the 300 securities firms and hedge funds that specialize in rapid-fire algorithmic trading raked in some $21 billion in profits last year.....

lunar
22.07.2009, 08:43
:(

http://www.eitb.com/noticias/sociedad/detalle/198944/cuatro-bomberos-fallecen-incendio-horta-sant-joan/

11:14 EL VIENTO DIFICULTA LA EXTINCIÓN

Chacón: "Se ha conseguido establecer un perímetro, pero
el fuego sigue descontrolado" (http://www.elperiodico.com/default.asp?idpublicacio_PK=46&idioma=CAS&idnoticia_PK=631471&idseccio_PK=1021)










La ministra de Defensa, la de Medio Ambiente y el 'conseller' Baltasar vuelven a la zona del incendio en Horta de Sant Joan
Los cadáveres de los cuatro bomberos que murieron ayer han sido trasladados al parque de bomberos de la localidad
Foto: ACN / LAURA CORTÉS Vídeo: ATLAS VER MÁS VÍDEOS (http://www.elperiodico.com/videos2.asp)
.
http://www.cuatro.com/noticias/videos/fuego-horta-sant-joan/20090722ctoultpro_5/


http://www.cuatro.com/noticias/videos/rapida-extension-incendio-tarragona/20090722ctoultpro_14/


http://www.cuatro.com/noticias/videos/viento-complica-incendio-horta-sant-joan/20090722ctoultpro_36/
.

lunar
22.07.2009, 09:14
21 July 2009

The Fed's Currency Swaps (http://jessescrossroadscafe.blogspot.com/2009/07/feds-currency-swaps.html)


Some controversy was triggered over a line of questioning this morning during Ben Bernanke's testimony before Congress, as reported on some of the top financial blog sites Zerohedge (http://zerohedge.blogspot.com/2009/07/grayson-grilling-bernanke-on-half.html) and Naked Capitalism. (http://www.nakedcapitalism.com/2009/07/alan-grayson-where-is-half-trillion.html) We read them both daily and are often envious of the depth and breadth of their expertise.

Congressman Grayson's line of questioning implied that the Fed was providing loans to foreign companies. Others wondered if the Fed was engaged in propping up the dollar by forcing central banks to buy US dollars in these swaps.

During the current credit crisis the Fed first reacted to market conditions and requests from central banks starting in September 2008 by expanding its currency swap lines with the European Central Bank and the Swiss National Bank, and creating new swaps with the Bank of Japan, Bank of England and the Bank of Canada for $180 billion.

What Is a Currency Swap?

A currency swap is a transaction where two parties exchange an agreed amount of two currencies while at the same time agreeing to unwind the currency exchange at a future date.

The currency swap is executed at a given exchange rate, generally the market rate, in order to provide liquidity in a specific currency to a specific banking jurisdiction. Here is an example of a swap that was conducted with the BOE at the rate of 1.8173.

http://4.bp.blogspot.com/_H2DePAZe2gA/SmZjdbG6QEI/AAAAAAAAJbw/qgz-_gf3c5s/s400/091808_diagram1.jpg (http://4.bp.blogspot.com/_H2DePAZe2gA/SmZjdbG6QEI/AAAAAAAAJbw/qgz-_gf3c5s/s1600-h/091808_diagram1.jpg)

The reason for the swap is to provide the BOE with additional US dollars to meet the short term needs of its client banks, and the dollar demands of their customers.

http://4.bp.blogspot.com/_H2DePAZe2gA/SmZkEOkHckI/AAAAAAAAJb4/SpuZyCfb6Jo/s400/091808_diagram2.jpg (http://4.bp.blogspot.com/_H2DePAZe2gA/SmZkEOkHckI/AAAAAAAAJb4/SpuZyCfb6Jo/s1600-h/091808_diagram2.jpg)

At the time in September private banks were reluctant to lend to one another or engage in private swaps because of a prevailing fear in the market of potential bank insolvencies and the counter party risk which that entails.

At the same time there was a 'run' on dollar assets in Europe as customer sought to liquidate their investments denominated in US dollars but held by foreign banks. Some of these ironically enough were collateralized debt obligations that had been sold to the foreign banks and their customer by Wall Street. TED Spread Soars to New Record - Symptom of the Eurodollar Squeeze? (http://jessescrossroadscafe.blogspot.com/2008/10/ted-spread-soars-to-new-record.html)

http://2.bp.blogspot.com/_H2DePAZe2gA/SmZoRHSlNUI/AAAAAAAAJcI/VMSjEjdkYb8/s400/091808a_lg.jpg (http://2.bp.blogspot.com/_H2DePAZe2gA/SmZoRHSlNUI/AAAAAAAAJcI/VMSjEjdkYb8/s1600-h/091808a_lg.jpg)

Did Wall Street set up their foreign counterparts, and then squeeze them mercilessly when they needed dollar assets? Probably giving the Street too much credit for planning. It is more likely a case of simple misrepresentation, followed by fear when the misrepresentation had been discovered.

The Ted Spread is the difference between the US Dollar LIBOR and the 3 Month US T Bill. It intends to measure the difference in 'price' between dollars in the US and dollars overseas. Nine out of ten people might notice a sharp spike in this spread as the credit crisis hit full fury in September 2008. Demystifying the TED Spread (http://jessescrossroadscafe.blogspot.com/2008/04/demystifying-ted-spread.html)

http://2.bp.blogspot.com/_H2DePAZe2gA/SmZl5p6LGyI/AAAAAAAAJcA/kW4cklnTq9Y/s400/chart.gif (http://2.bp.blogspot.com/_H2DePAZe2gA/SmZl5p6LGyI/AAAAAAAAJcA/kW4cklnTq9Y/s1600-h/chart.gif)

As one can easily see, the TED Spread began to decline after the Fed and the Central Banks began to provide dollar liquidity where it was required.

There is concern amongst some that the Fed was engaging in these currency swaps to prop the dollar, as expressed in the US Dollar Index (Dx). There was no need to do these swaps to support the dollar, as the US dollar was already enjoying a strengthening as the 'flight to safety' currency. The original September tranche created by the Fed grew to 500 billion dollar swaps line as the Central Banks sought to prevent a currency crisis, an artificial dollar shortage in what amounted to a run on foreign banks for dollar holdings, as the credit crunch hit with its full fury.

http://4.bp.blogspot.com/_H2DePAZe2gA/SmZq3o61yOI/AAAAAAAAJcQ/c4-hXht8Jvc/s400/TEDdx.png (http://4.bp.blogspot.com/_H2DePAZe2gA/SmZq3o61yOI/AAAAAAAAJcQ/c4-hXht8Jvc/s1600-h/TEDdx.png)

The DX index is a somewhat imperfect gauge of the dollar value as it is heavily weighted to the Euro and Yen, and has a no exposure to some of the most important developing industrial powers.

More importantly, here is the Euro - Dollar Exchange Rate. Again, the 'jitters' over the state of the European Banking System were causing a steep decline early on and a flight to safety in the US Dollar. The Dollar Rally and the Deflationary Imbalances in the US Dollar Holdings of Overseas Banks (http://jessescrossroadscafe.blogspot.com/2008/10/short-term-imbalance-in-dollar-assets.html)

http://2.bp.blogspot.com/_H2DePAZe2gA/SmZruMAZchI/AAAAAAAAJcY/EoO9o6v9B7c/s400/TEDxeu.png (http://2.bp.blogspot.com/_H2DePAZe2gA/SmZruMAZchI/AAAAAAAAJcY/EoO9o6v9B7c/s1600-h/TEDxeu.png)

Ben Bernanke is no Alan Greenspan in that his deportment in front of Congress is rarely calm, but I did not find any particular 'tells' in his responses to Mr. Grayson beyond his usual skittishness and unease in the public spotlight.

Quite frankly, my initial take was that Ben was incredulous that the Congressman was asking such naive questions, particularly when the congressman started asking about the source of the Fed's authority to conduct foreign exchange operations.

Personally I wondered if it was a 'red herring' served up by a friendly Democrat. There are much more penetrating questions to be asked of Mr. Bernanke and his Fed, and these are not among them. Ron Paul is much closer to the mark than Congressman Grayson.

The concern about the swaps seemed a bit misplaced and confused. But the obvious opacity of the Fed and its operations does underscore the political naïveté in promoting the Federal Reserve as the uber regulator of the system.

One must wonder who is so politically tone deaf on the President's economic staff? Or is Larry Summers really that arrogant to think that he can be the next Fed chief and chairman of the SEC all rolled into one? Considering Larry's past performances, the answer may very well be yes.

Postscript: The emails show that there are those who observe, somewhat correctly, that if the Fed had done nothing to alleviate the eurodollar short squeeze then the dollar would have most likely appreciated in value, perhaps moreso than it had done.

The proponents of this solution do overlook the problem that the private markets for overnight loans had utterly seized, and to not provide central bank liquidity in this situation would have most likely have caused a cascade of significant failures, and a backlash from the rest of the world that would have been equally impressive.

There is the issue, raised rather stridently by some of the central banks, that it was the US financial institutions and ratings agencies that had caused the problem in the first place by selling large amounts of fraudulently rated assets to trusting private bankers around the world. You know, those funny foreign folks who the US, as a net debtor with debt load growing mightily, is going to continue to ask to buy its debt and financial instruments now and for the forseeable future, and continue to support the dollar as a reserve currency.

It reminds me of a story an old boss of mine told me about his philosophy of business. He said, "I'm Irish, and the way the Irish compete is to say, Let's race, and then punch the other guy in the face, and start running. What do you think of that?"

My answer was, "I'm part Italian, and my advice is if you do that to an Italian, don't stop running at the finish line."

And so it goes.





Posted by Jesse at 8:24 PM (http://jessescrossroadscafe.blogspot.com/2009/07/feds-currency-swaps.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=951960576026738417) :supi :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=951960576026738417)

lunar
22.07.2009, 09:52
CIT Hit With Interest Rate More Than 25 Times Libor (Update1)


By Caroline Salas and Pierre Paulden

July 22 (Bloomberg) -- Pacific Investment Management Co., Centerbridge Partners LP and the four other bondholders that put up $2 billion in financing for CIT Group Inc. made an instant $100 million on an investment analysts say is almost risk free.

CIT, the 101-year-old commercial lender struggling to retire $1 billion of debt (http://bloomberg.com/apps/quote?ticker=CIT%3AUS) maturing next month, agreed to pay a 5 percent fee to the creditors and annual interest of at least 13 percent. On top of that, the New York-based company pledged assets worth more than five times the amount of the loan as collateral.

“The terms are egregious,” said Dwayne Moyers (http://search.bloomberg.com/search?q=Dwayne+Moyers&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date%3Cimg%20src=%22images/smilies/biggrin.gif%22%20border=%220%22%20alt=%22%22%20title=%22Breit%20grinsen%22%20smilieid=%22113%22%20class=%22inlineimg%22%20/%3E:S:d1), the chief investment officer at Fort Worth, Texas-based SMH Capital Advisors, which oversees $1.4 billion, including more than $70 million of CIT bonds. “They ripped the faces off everyone with these terms.”....

full story: http://bloomberg.com/apps/news?pid=20601087&sid=acdeq6NF3748

:rolleyes:mad

lunar
22.07.2009, 10:18
ASIEN

Millionen verfolgen längste Sonnenfinsternis des Jahrhunderts (http://www.spiegel.de/wissenschaft/weltall/0,1518,637472,00.html)

Begeisterung und Furcht: Millionen Menschen haben in Asien die längste totale Sonnenfinsternis dieses Jahrhunderts verfolgt - mit durchaus gemischten Gefühlen. Während die einen das seltene Spektakel genossen, sprachen andere von einem "sehr gefährlichen Moment im Universum". mehr... (http://www.spiegel.de/wissenschaft/weltall/0,1518,637472,00.html) [ Video (http://www.spiegel.de/video/video-1013103.html) ]







http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFotostrecke:: "Drache, der das Himmelsgestirn verschluckt" (http://www.spiegel.de/fotostrecke/fotostrecke-44583.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifAsien: Düstere Ängste vor der Rekord-Sonnenfinsternis (http://www.spiegel.de/wissenschaft/weltall/0,1518,637125,00.html)



http://www.spiegel.de/video/video-1013103.html

lunar
22.07.2009, 11:00
Page last updated at 08:18 GMT, Wednesday, 22 July 2009 09:18 UK

Asia watches long solar eclipse

People in Asia have seen the longest total solar eclipse this century, with large areas of India and China plunged into darkness.

Amateur stargazers and scientists travelled far to see the eclipse, which lasted six minutes and 39 seconds at its maximum point.

The eclipse could first be seen early on Wednesday in eastern India.

It then moved east across India, Nepal, Burma, Bangladesh, Bhutan, China, Japan and the Pacific.

The eclipse first became total over India at 0053GMT, and was last visible from land at Nikumaroro Island in the South Pacific nation of Kiribati. It ended at 0418GMT.

Elsewhere, a partial eclipse was visible across much of Asia......


full story: http://news.bbc.co.uk/2/hi/science/nature/8161578.stm

lunar
22.07.2009, 11:04
21 July 2009

China Seeks to Lessen Its Reliance on US$ Through Aggressive Acquisition of Real Assets (http://jessescrossroadscafe.blogspot.com/2009/07/china-seeks-to-lessen-its-reliance-on.html)

http://1.bp.blogspot.com/_H2DePAZe2gA/SmaYGIbkwBI/AAAAAAAAJcw/IveVaxYLFQE/s320/fortunecookie.JPG (http://1.bp.blogspot.com/_H2DePAZe2gA/SmaYGIbkwBI/AAAAAAAAJcw/IveVaxYLFQE/s1600-h/fortunecookie.JPG)
“Everyone is saying we should go to the western markets to scoop up [underpriced assets],” said Chen Yuan. “I think we should not go to America’s Wall Street, but should look more to places with natural and energy resources.”Financial Times (http://www.ft.com/cms/s/0/b576ec86-761e-11de-9e59-00144feabdc0.html)
China to deploy foreign reserves
By Jamil Anderlini in Beijing
July 21 2009 19:09

Beijing will use its foreign exchange reserves, the largest in the world, to support and accelerate overseas expansion and acquisitions by Chinese companies, Wen Jiabao, the country’s premier, said in comments published on Tuesday.

“We should hasten the implementation of our ‘going out’ strategy and combine the utilisation of foreign exchange reserves with the ‘going out’ of our enterprises,” he told Chinese diplomats late on Monday.

Mr. Wen said Beijing also wanted Chinese companies to increase its share of global exports.

The “going out” strategy is a slogan for encouraging investment and acquisitions abroad, particularly by big state-owned industrial groups such as PetroChina, Chinalco, China Telecom and Bank of China.

Qu Hongbin, chief China economist at HSBC, said: “This is the first time we have heard an official articulation of this policy ... to directly support corporations to buy offshore assets.”

China’s outbound non-financial direct investment rose to $40.7bn last year from just $143m in 2002.

http://2.bp.blogspot.com/_H2DePAZe2gA/SmaOOd5YVTI/AAAAAAAAJcg/QFKIYj9096Q/s320/cramerpimpjuice.JPG (http://2.bp.blogspot.com/_H2DePAZe2gA/SmaOOd5YVTI/AAAAAAAAJcg/QFKIYj9096Q/s1600-h/cramerpimpjuice.JPG)Mr Wen did not elaborate on how much of the $2,132bn of reserves would be channelled to Chinese enterprises but Mr Qu said this was part of a strategy to reduce its reliance on the US dollar as a reserve currency.

“This is reserve diversification in a broader sense. Instead of accumulating foreign exchange reserves and short-term financial assets, the government wants the nation to accumulate more long-term corporate real assets.”

State-owned groups, particularly in the oil and natural resources sectors, have stepped up their hunt for overseas companies and assets on sale because of the global crisis.

China Investment Corp, the $200bn sovereign wealth fund, has been buying stakes in overseas resources companies and has taken a 1.1 per cent stake in Diageo, the British distiller.

In an interview published in state-controlled media, the chairman of China Development Bank said Chinese outbound investment would accelerate but should focus on resource-rich developing economies.

“Everyone is saying we should go to the western markets to scoop up [underpriced assets],” said Chen Yuan. “I think we should not go to America’s Wall Street, but should look more to places with natural and energy resources.”


Posted by Jesse at 11:40 PM (http://jessescrossroadscafe.blogspot.com/2009/07/china-seeks-to-lessen-its-reliance-on.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1780776307154652805) :verbeug

lunar
22.07.2009, 11:15
How CNBC Learned To Stop Worrying And Love The TARP (http://lolfed.com/2009/07/21/how-cnbc-learned-to-stop-worrying-and-love-the-tarp/)

July 21st, 2009 by alyx · bailout (http://lolfed.com/category/bailout/), cnbc (http://lolfed.com/category/cnbc/)

TARP watchdog (not to be confused with TARPdog (http://lolfed.com/2009/02/13/citi-gives-the-tarp-a-little-extra-mustard/), handed out by Citi to prospective customers) Neal Barofsky gave us some extremely ugly numbers today as to our total potential liability if bailed-out banks go sour and their investments fall off a cliff (http://www.thedeal.com/dealscape/2009/07/tarp_bailouts_neil_barofsky_de.php):“Although large in its own right, TARP is only a part of the combined efforts of the federal government to address the financial crisis,” Barofsky writes in his latest quarterly report to Congress. “Approximately 50 initiatives or programs have been created by various federal agencies since 2007 to provide potential support totaling more than $23.7 trillion.”

The current balance of support provided is about $3 trillion, Barofsky says. About half of that is Federal Reserve lending; the rest includes TARP, Federal Deposit Insurance Corp. assistance and other programs.

To get to the $23.7 trillion of “total potential support,” Barofsky calculates that the government’s programs would have to balloon to these amounts: Fed lending, $6.8 trillion; TARP, $3 trillion; FDIC, $2.3 trillion; non-TARP Treasury aid, $4.4 trillion; and various mortgage-aid programs, $7.2 trillion.

His worst-case is, honestly, worst-case. It’s complete bankfail, every Fannie/Freddie mortgage going bad, it’s Treasury itself defaulting. But, that’s what the definition of worst-case is.

Squawk Box, however, seemed pretty unamused (http://market-ticker.denninger.net/archives/1245-CNBC-Attempts-Assasination-on-Barofsky.html) by the idea. Barofsky - how dare you give Congress this kind of fodder? Don’t you know they’ll start thinking this bailout might have been bad, and that maybe the people will get a whiff of that, and this rally will evaporate? I mean - the Congresscritters might start saying stuff like this:“If the banks can’t tell us how they’re spending TARP money, then maybe they shouldn’t have it,” said Brooklyn Rep. Ed Towns, chairman of the House Oversight Committee.

Here’s the Squawk video. Enjoy: http://lolfed.com/2009/07/21/how-cnbc-learned-to-stop-worrying-and-love-the-tarp/

lunar
22.07.2009, 15:18
Ron Paul Opening Statement Fed Hearing 07/21/2009

pSRvnXtrmtE&eurl

:supi

lunar
22.07.2009, 15:34
NORDAFGHANISTAN

Bundeswehr spricht von Eskalation des Kampfs gegen Taliban (http://www.spiegel.de/politik/ausland/0,1518,637609,00.html)

Es ist die größte Operation der Deutschen in Afghanistan: 300 Soldaten unterstützen 1200 einheimische Militärs bei einer Offensive gegen die Taliban. Dabei werden auch schwere Geschütze, Kampfbomber und Predator-Drohnen eingesetzt. Von Matthias Gebauer und Shoib Najafizada mehr... (http://www.spiegel.de/politik/ausland/0,1518,637609,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7423) ]



Dort sterben und töten deutsche Soldaten, aber von einem Krieg soll nicht die Rede sein....
#3719 .....wenn schon kein Krieg ist - kann man den Dienst verweigern :confused:rolleyes das sollte ja dann auch keine Straftat sein :rolleyes oder irre ich mit etwa :gruebel

lunar
22.07.2009, 15:53
4dsc http://www.democraticunderground.com/discuss/images/donor.gif (1000+ posts) http://www.democraticunderground.com/discuss/images/mesg.gif (http://www.democraticunderground.com/discuss/duboard.php?az=send_mesg&u_id=113730) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=113730) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=113730) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=113730&level=three) Wed Jul-22-09 09:43 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3980467&mesg_id=3980467) 31. June's P/E ratio for the S&P 500 was 134? http://upload.democraticunderground.com/discuss/images/avatars/peace.gif If we look at the fundamentals of the S&P 500 we find a grim reality:

http://www.doctorhousingbubble.com/wp-content/uploads/2009/07/snp-500-ratio.png

http://www.doctorhousingbubble.com (http://www.doctorhousingbubble.com/) /

Can this be true??

:eek:confused

lunar
22.07.2009, 17:52
22 July 2009

The Allure of Outsourcing Financial Regulation (http://jessescrossroadscafe.blogspot.com/2009/07/allure-of-outsourcing-financial.html)


One has to be fascinated with the proposal by the Obama Administration to effectively outsource the regulation of US markets and the protection of consumers to the Federal Reserve, an agency that is owned by the industry which it would be asked to regulate.

It is especially interesting given the recent history of the failure of that organization to do its job properly, failure to engage in open and transparent dialogue about its non-core (non-monetary) operations, and continuing resistance to taking direction from the government in matters related to fiscal and legislative policy that would fall under its regulatory purview while asserting its independence.

Its almost surreal. I cannot believe anyone is taking this proposal seriously.

There are three reasons why the Obama Administration is proposing it and the Congress is giving it serious consideration. 1. The special interests, the banks, who are significant donors to the Democratic and Republican parties would like to have it since they effectively own the Fed, and Wall Street likes no regulation better than self-regulation.

2. Government enjoys outsourcing its responsibilities to outside agencies like the Fed, because when the lapses and failures come, it gives them a great opportunity for finger pointing and hearings to chastise the party that failed, and shift the blame for the responsibility for the failure from themselves to someone outside their organization.

3. Larry Summers wants to be both the chairman of the Federal Reserve and of the SEC and a proposed Financial Consumer Protection Agency to attempt to maximize his ability to manipulate and control the financial system. And Larry does not work for you or your interests. Would you like to have seen Alan Greenspan as not only the chairman of the Federal Reserve, but also the head of the SEC and the Consumer Protection Agency for financial products?

What is being proposed amounts to a financial Star Chamber. It makes the machinations behind the founding of the Federal Reserve in 1913 look tame by comparison.

Has the US a shred of common sense and regard for democratic principles left?

Posted by Jesse at 11:17 AM (http://jessescrossroadscafe.blogspot.com/2009/07/allure-of-outsourcing-financial.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2540500249154284856) :verbeug

....yes - we can't :dumm

lunar
22.07.2009, 18:15
...und das auf FOX News :eek:eek:eek
Glenn Beck Explains The Federal Connection,Bear Stearns Corruption


_wVQ3_ZaYB4&eurl
:supi

lunar
22.07.2009, 18:42
...es ist einfach unglaublich was man über :kotzGS findet - und nix passiert
http://s.ytimg.com/yt/img/pixel-vfl73.gif


Glenn Beck: The Tentacles of Gldm. Sachs w/ Ron Paul pt. 2/2

1bsACESBMFE&feature

Goldman trading code can manipulate the market

O4aBf41buNw&NR

Goldman Sachs admits its software manipulates economy!

H-MGMaaw1s8&feature

lunar
22.07.2009, 18:58
Ron Paul Talks About Fed Audit (MSNBC, July 22, 2009)

7kRHZDWaVoA&eurl

lunar
22.07.2009, 19:12
Wednesday, July 22, 2009

Goldman Fails To Rip Taxpayers Off On TARP Warrants, Parades Failure (http://zerohedge.blogspot.com/2009/07/goldman-fails-to-rip-taxpayers-off-on.html)

Posted by Tyler Durden at 12:56 PM (http://zerohedge.blogspot.com/2009/07/goldman-fails-to-rip-taxpayers-off-on.html)
Goldman Sachs has redeemed those pesky TARP warrants that have been generating so much consternation to PR offices across bailed out Wall Street. Well, van Praag scratched his head on this one, and this light bulb came on: I know, we will put a subheader for what a great benefit to taxpayers out inability to repurchase the warrants for 1 cent was (http://www2.goldmansachs.com/our-firm/press/press-releases/current/july-22-release.html). Goldman Sachs Pays $1.1 Billion to Redeem TARP Warrants

July 22, 2009

US Taxpayers Make 23 Percent Return

New York, NY July 22, 2009 - The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has redeemed the warrants the U.S. government received in connection with its investment in the firm through the TARP’s Capital Purchase Program at $1.1 billion, the full value the U.S. Treasury Department has determined.

While there are a number of ways to value the warrants, including through a public auction, we believe that in the context of the extraordinary actions taken by the government to help stabilize the financial system, this valuation of the warrants represents full and fair value.

In June, Goldman Sachs repaid the U.S. Treasury’s investment of $10 billion, and during the eight months of the investment, the firm paid $318 million in preferred dividends. We are pleased that the payment of the dividends and the redemption of the warrants, which total $1.418 billion, represent an annualized return of 23 percent for US taxpayers.

“This return is reflective of the government’s assistance, which benefitted the financial system, our firm and our shareholders,” said Lloyd C. Blankfein, Chairman and CEO. “We are grateful for the government efforts and are pleased that this additional money can be used by the government to revitalize the economy, a priority in which we all have a common stake.”

He added, “Because Goldman Sachs advises companies with their growth plans and raises capital to support that growth, the best and most sustainable operating environment for us is one where consumer and business confidence and economic growth flourish. We are committed to allocating capital and providing liquidity to our clients to help stimulate growth and job creation.” (...er bekommt bald einen Heiligenschein :bad :dumm)

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

Media Contact:
Lucas van Praag
Tel: 212-902-5400

Can Lucas please clarify, or much better, can Charlies Gasparino please ask, what happened with the initial discussion to repurchase the warrants at $600-650 million, nearly half of what the final clearing price. Furthermore, why were those discussions scrapped in favor of this much higher price, what was the model used to calculate the fair market value of the warrants (yes, it is secret), and most relevantly, what would the return to taxpayers have been at a $650 million warrant price? Charlie, fans of your newly found journalistic fervor anxiously anticipate your diligent investigation into these items.

...hier kann man viel lesen ---> http://zerohedge.blogspot.com/

Hoka
22.07.2009, 22:18
Ron Paul Talks About Fed Audit (MSNBC, July 22, 2009)

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1250556#post1250556)
Hellmeyer dazu:

...
Bevor wir uns mit weiteren Fakten diesbezüglich auseinandersetzen, gilt es einen Umstand
grundsätzlich klarzustellen. Die Unabhängigkeit einer Zentralbank befreit eine Zentralbank
nicht davon, sich an die gültigen Rechtsnormen halten zu müssen!

• Fakt ist, daß die Fed ein wesentlicher Protagonist in der Schaffung der
Grundlagen der aktuellen Krise war. Mit anderen Worten ist gerade an diesem
Punkt, wo es um die Ursachen der Krise geht, eine Prüfung sinnvoll, um zukünftig
ähnliche Szenarien zu verhindern.

• Fakt ist, daß die US-Zentralbank Anfragen im Rahmen des „Freedom of
Information Act“, zu deren Beantwortung die Fed gesetzlich verpflichtet ist, unter
anderem Bloomberg gegenüber verweigerte. Diese Arroganz und Nichtbeachtung
des US-Rechts zwingt geradezu zu einer Prüfung.

• Die Vorwürfe im Rahmen der Übernahme BoA/Merryll werfen Fragen über
Machtkonzentration bei der Fed auf. Auch dieser Aspekt unterstützt die
Notwendigkeit einer Prüfung.

• Weiterhin stellt sich die Frage, ob der Status der US-Zentralbank, die
eigentumsrechtlich Privatbanken gehört, geeignet ist, verstärkt (wie unter Obama
geplant) öffentliche Aufgaben wahrzunehmen. Das gilt insbesondere vor dem
Hintergrund der Eigentümerverhältnisse als auch dem „Trackrecord“ dieser
Institution. Mithin stellt sich hier eine verfassungsrechtliche Frage, da das
Parlament keine stichhaltigen Kontrollfunktionen ausüben kann.

Vor diesem Hintergrund, der keinen Anspruch auf Vollständigkeit der Beurteilung stellt,
wird deutlich, daß das GAO besser heute als morgen die Prüfung beginnen können sollte.
Die Tatsache, daß die Gesetzesinitiative von Ron Paul derzeit im Rahmen des rechtlichen
Procederes auf „Eis“ gelegt ist, spricht dafür, daß die Netzwerke (auch nur Seilschaften …)
von gestern unverändert eine nicht unerhebliche Potenz vorweisen können. Das ist nach
dem bisherigen Krisenverlauf als bedauerlich zu klassifizieren!
...

https://sicherheit.bremerlandesbank.de/financial_markets/sales/marktberichte_analysen/pdf/Forex-Report_090722.pdf?IFLBSERVERID=IF@@021@@IF

lunar
22.07.2009, 22:28
22 July 2009

"Build America Bonds" Paying a Shocking Premium to Corporates (http://jessescrossroadscafe.blogspot.com/2009/07/buy-america-bonds-paying-premium-to.html)


The “Build America Bonds” were created by Bill S.238 called "The Build America Bonds Act of 2009 which provides $50 billion of federal taxpayer funds to subsidize state and local government tax free bonds in support of 'shovel ready' infrastructure projects.

The U.S. Government gives the issuing municipality or state a 35% rebate on the interest that the issuer pays to the bond holders. This is a huge benefit for local governments.

We have not yet found out why, but it is apparently giving a big benefit to the buyers of the bonds who are getting a tax free income stream at well below market prices for comparable issues. In some cases the tax free BAB bonds are pricing at 149 basis points over comparably rated corporate bonds.

Where is the inefficiency coming from in this bond offering? Who is taking the differential, the vigorish, being granted to the state and cities? Who are the underwriters and the market makers? Who are the big market makers besides Pimco? What are the fee structures being charged compared to the overall bond market?
Meredith Whitney, star analyst that she is, was the closest with her $4.65 prediction. She thinks the stock has lots of room to run, notes Fortune. Goldman, in her mind, will surf the economic woes now roiling the country. Goldman is a top underwriter of municipal bonds and the No. 1 underwriter of Build America Bonds. "These are a new type of municipal bond, part of the Obama administration's $787 billion stimulus plan. Cities, states, universities and government entities use BABs, as they're known, to finance infrastructure projects. This is a potential $50 billion annual market, Whitney says, and Goldman currently holds a 25 percent share," reports a Fortune article.Oh now it all makes sense. Droit de Seigneur.

Bloomberg (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=al9CWhaCvT2E)
Taxpayers Inferior to Shareholders With Obama Bonds
By Michael McDonald and Bryan Keogh

July 22 (Bloomberg) -- State and local governments, forced to close budget gaps by firing workers and shutting schools, may pay at least $4.2 billion more in interest than companies with similar credit ratings on Barack Obama’s Build America Bonds.

The $17.4 billion of Build America Bonds sold since April pay an average yield that’s 0.96 percentage point more than corporate securities with the same ratings, according to data compiled by Bloomberg and based on the 25 largest deals.

“Taxpayers are taking it on the chin,” said G. Joseph McLiney, president of Kansas City, Missouri-based McLiney & Co., a firm that specializes in selling municipal bonds that qualify for federal tax credits. “There should be no spread.”

While Build America Bonds opened credit markets to municipalities after the collapse of Lehman Brothers Holdings Inc., states and cities are being penalized compared with corporations, which are 90 times more likely to default than local governments, according to Moody’s Investors Service....

full story: http://jessescrossroadscafe.blogspot.com/2009/07/buy-america-bonds-paying-premium-to.html

....ob das keine Ende nimmt mit dien GSlern :gomad:dumm Obama verliert immer mehr an Glaubwürdigkeit :(

lunar
22.07.2009, 22:30
Hellmeyer dazu:

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1250599#post1250599)
...wann gehen den Amis - und dem Rest der Welt - endlich die Augen auf :rolleyes:mad so :dumm kann man doch gar nicht sein :o

lunar
23.07.2009, 09:51
Marc Faber

http://link.brightcove.com/services/player/bcpid14599856001?bctid=29605992001

Zum Original-Beitrag (http://showthread.php3?p=1250610#post1250610)
merci Hoka :) ...Faber wieder mal :supi

lunar
23.07.2009, 10:01
ETF (http://goldtent.net/wp_gold/2009/07/23/etf/)

-> Posted by Ororeef @ 1:04 am on July 23, 2009

http://goldtent.net/wp_gold/wp-content/uploads/2009/07/etf.thumbnail.jpg (http://goldtent.net/wp_gold/wp-content/uploads/2009/07/etf.jpg)

lunar
23.07.2009, 10:23
Wednesday, July 22, 2009

Morgan Stanley's Stephen Roach: "A Rude Awakening" (http://zerohedge.blogspot.com/2009/07/morgan-stanleys-stephen-roach-rude.html)

Posted by Tyler Durden at 8:09 PM (http://zerohedge.blogspot.com/2009/07/morgan-stanleys-stephen-roach-rude.html)
The Vice Chairman of Morgan Stanley Asia destroys any last germinating green shoots.

"Green shoots are a very simplistic way to look at the world." Why is it no surprise that Fed Chairman Ben Bernanke came up with it.


....er war schon immer eher ein Pessimist - aber er liegt wohl richtig :rolleyes

lunar
23.07.2009, 10:35
WIEDEKINGS ABGANG

Demontage eines Eisenharten (http://www.spiegel.de/wirtschaft/0,1518,636556,00.html)

Insider nannten ihn einen rücksichtslosen "Kotzbrocken", doch Wendelin Wiedeking schaffte Sagenhaftes. Vor seiner Zeit galt Porsche als abgewirtschaftet, der Manager machte aus der Marke wieder ein Statussymbol. Dann versuchte er, VW zu übernehmen - von da an war sein Schicksal besiegelt. Von Anne Seith, Frankfurt am Main mehr... (http://www.spiegel.de/wirtschaft/0,1518,636556,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=7974) ]




....ich finde es interessant zu lesen - ob man ihn jetzt mag/bewundert oder auch nicht :)

lunar
23.07.2009, 11:29
Abfall - - NZZ Folio 07/09

Der schnellste Schrott (http://www.nzzfolio.ch/www/21b625ad-36bc-48ea-b615-1c30cd0b472d/showarticle/5702f4ad-1853-4491-ad22-bf4bb4e24970.aspx)

lunar
23.07.2009, 16:25
.....das Feuer ist immer noch nicht unter Kontrolle :(

EMERGENCIA (http://www.elmundo.es/elmundo/barcelona.html) | 1.100 hectáreas han sido calcinadas

'Situación extrema' en el incendio de Tarragona por las altas temperaturas





Se prioriza asegurar el perímetro de 1.100 hectáreas para que no se propague
Daniel Camacho | Barcelona

Actualizado jueves 23/07/2009 12:17 horas

Las condiciones de baja humedad y altas temperaturas, sumado al viento previsto de ponent para este mediodía y las características orográficas del terreno, hacen que el incendio de Horta de Sant Joan (Tarragona) esté "en una situación extrema", según Joan Boada, Secretario General de Interior.

De los dos focos activos, el noroeste, que podría afectar al municipio de Prat de Comte, es el más violento y el que centra los esfuerzos (http://www.elmundo.es/elmundo/2009/07/23/barcelona/1248306977.html) de la mayoría de los 70 efectivos terrestres y cerca de 20 aéreos, que desde esta mañana vuelven a prestar ayuda al dispositivo de tierra después de que ayer no pudieran hacerlo a causa del viento y la mala visibilidad.

Por otro lado, el foco sureste aún presenta zonas activas, aunque su avance está controlado.

Boada ha remarcado que "no ha habido descoordinación", y que todo el operativo funciona normalmente después de ser reorganizado ayer para hacer frente al avance de las llamas hacia Prat de Comte.

Autoridades y cuerpo de bomberos temen que se puedan repetir las condiciones propicias para que el fuego siga avanzando. Se ha establecido un perímetro rodeando las más de 1.100 hectáreas evitando así que se propague.

http://estaticos02.cache.el-mundo.net/elmundo/imagenes/2009/07/23/1248344270_extras_ladillos_1_0.jpg

La carretera T-330 se ha convertido en uno de los puntos de actuación más importantes, pues de propagarse el fuego por esa zona de barrancos podría llegar con facilidad a poblaciones habitadas.

Boada se ha referido tambíén al estado de los dos bomberos heridos, cuyo estado ha sido calificado de "muy grave". Uno de ellos se encuentra en estado crítico (http://www.elmundo.es/elmundo/2009/07/22/barcelona/1248253166.html)debido a diversos fallos renales y respiratorios. Sus compañeros muertos el pasado martes serán enterrados hoy en sus respectivas localidades en funerales privados a petición de los familiares.



http://www.elmundo.es/elmundo/2009/07/23/barcelona/1248344270.html

lunar
23.07.2009, 18:02
...Amateure sollten nicht an die Börse - das betrifft mich natürlich :rolleyes:o;)
comments lesen :cool

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Lime Brokerage: "The Next 'Long Term Capital' Meltdown Will Happen In A Five-Minute Time Period." (http://www.zerohedge.com/article/lime-brokerage-next-long-term-capital-meltdown-will-happen-five-minute-time-period)

Submitted by Tyler Durden on Thu, 07/23/2009 - 10:21


"Lime's familiarity with high speed trading allows us to benchmark some of the fastest computer traders on the planet, and we have seen CDT (Computerized Day Trading) order placement rates easily exceed 1,000 orders per second. Should a CDT algorithm go awry, where a large amount of orders are placed erroneously or where the orders should not have passed order validation, the Sponsor will incur a substantial timelag in addressing the issue. From the moment the Sponsor’s representative detects the problem until the time the problematic orders can be addressed by the Sponsor, at least two mintues will have passed. The Sponsor’s only tools to control Sponsored Access flow are to log into the Trading Center’s website (if available), place a phone call to the Trading Center, or call the Sponsee to disable trading and cancel these erroneous orders – all sub-optimal processes which require human intervention. With a two minute delay to cancel these erroneous orders, 120,000 orders could have gone into the market and been executed, even though an order validation problem was detected previously. At 1,000 shares per order and an average price of $20 per share, $2.4 billion of improper trades could be executed in this short timeframe. The sheer volume of activity in a concentrated period of time is extremely disruptive to the process of maintaining a “fair and orderly” market. This shortcoming needs to be addressed if the practice of Naked Access is going to be permitted to continue; otherwise, the next “Long Term Capital” meltdown will happen in a five-minute time period."


9 comments (http://www.zerohedge.com/article/lime-brokerage-next-long-term-capital-meltdown-will-happen-five-minute-time-period#comments)
Read more (http://www.zerohedge.com/article/lime-brokerage-next-long-term-capital-meltdown-will-happen-five-minute-time-period)
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lunar
23.07.2009, 19:19
http://www.huffingtonpost.com/contributors/ryan-grim/headshot.jpg
Ryan Grim (http://www.huffingtonpost.com/the-news/reporting/ryan-grim)

Ignoring Watchdog Report, Treasury Gives Three Major Banks Sweetheart Deals (http://www.huffingtonpost.com/2009/07/22/ignoring-watchdog-report_n_243235.html)

First Posted: 07-22-09 07:56 PM | Updated: 07-23-09 12:20 PM





http://www.huffingtonpost.com/images/sidebar/comments.gif Comments







(http://www.huffingtonpost.com/2009/07/22/ignoring-watchdog-report_n_243235.html#comments)
Four major banks have repurchased warrants from the Treasury Department since a congressional watchdog reported that the backroom deals where the prices were negotiated were ripping off the taxpayer.

In three of the subsequent four transactions, the deals have only gotten worse.

The Congressional Oversight Panel report was based on 11 transactions with small banks and concluded that taxpayers walked away with about 66 percent of what they could have gotten. At a hearing on the warrant repurchase program in the House on Wednesday, Herbert Allison Jr., a senior Treasury official, insisted that the sweet deals the banks got were needed to aid the liquidity of the smaller institutions....


..........Wilson speculated that Goldman Sachs decided to pay fair price to avoid more of the bad press that's been coming its way the last several months. The bank paid $1.1 billion for its warrants, which Wilson estimates have a fair market value of $1.12 billion based on Tuesday's closing price on shares of Goldman Sachs. Goldman could afford to pay it out, too, considering that it pulled down a $3.4 billion profit in the last quarter and the taxpayer gave it billions by funneling money through AIG to :kotzGoldman......


full story: http://www.huffingtonpost.com/2009/07/22/ignoring-watchdog-report_n_243235.html


RoveRoveRoveYourBoat (http://www.huffingtonpost.com/users/profile/RoveRoveRoveYourBoat) ...geithner shows the depth
of this rape of each citizen


GeorgeBright (http://www.huffingtonpost.com/users/profile/GeorgeBright) I'm a Fan of GeorgeBright (http://www.huffingtonpost.com/users/becomeFan.php?of=GeorgeBright) I'm a fan of this user permalink (http://www.huffingtonpost.com/2009/07/22/ignoring-watchdog-report_n_243235.html?show_comment_id=27595775#comment_27595775)
http://images.huffingtonpost.com/profiles/359540.png?20090624001418 (http://www.huffingtonpost.com/users/profile/GeorgeBright)
Looks like trickle down is -still- in effect... Will we ever be able to shrink Reaganism down to the size where we can drown it in a bathtub?




http://www.spiegel.de/img/0,1020,154248,00.jpg :rolleyes:mad

Support SCN
23.07.2009, 19:22
http://d.scribd.com/ScribdViewer.swf?document_id=17607791&access_key=key-2kei4ijjsc0qtoks929w&page=1&version=1&viewMode=

lunar
23.07.2009, 19:33
merci :cool aber wie :confused

lunar
24.07.2009, 09:08
...die einen ersaufen - die andern verbrennen :rolleyes:mad:(

MITTELEUROPA

Heftige Unwetter fordern mehrere Tote (http://www.spiegel.de/panorama/0,1518,637940,00.html)

Schwere Unwetter haben in Teilen Mitteleuropas mehrere Menschenleben gefordert und hohe Sachschäden verursacht. In Deutschland standen Keller und Straßen unter Wasser, etliche Bäume stürzten um - für das Wochenende haben Meteorologen Hoffnung auf Wetterbesserung. mehr... (http://www.spiegel.de/panorama/0,1518,637940,00.html)





http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFotostrecke: Unwetter wüten über Mitteleuropa (http://www.spiegel.de/fotostrecke/fotostrecke-44655.html)

lunar
24.07.2009, 09:29
NYT: How Obama Manipulates The News Cycle (http://www.nytimes.com/2009/07/24/us/politics/24memo.html?partner=rss&emc=rss)

....The all-Obama, all-the-time carpet bombing of the news media represents a strategy by a White House seeking to deploy its most effective asset in service of its goals, none more critical now than health care legislation. But longtime Washington hands warn that saturation coverage can diminish the power of his voice and lose public attention.....

....seine Omnipräsenz ist schon etwas ermüdend :rolleyes

lunar
24.07.2009, 09:37
Speaking Of Auctions, Check Out The Treasury (http://lolfed.com/2009/07/24/speaking-of-auctions-check-out-the-treasury/)

July 24th, 2009 by alyx · loller dollar (http://lolfed.com/category/loller-dollar/)

How many autographed cars would Treasury have to put on eBay, California-style, to raise this kind of lucre? MarketTicker has the upcoming Treasury auction schedule (http://market-ticker.denninger.net/archives/1256-HOLY-%21%21%21-Treasury-Auction-Schedule.html):70 day CMBs, $30 billion (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090720_3.pdf) [today, July 24]
13 week Bills, $32 billion (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090723_7.pdf) (July 27th)
26 week Bills, $31 billion (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090723_4.pdf) (July 27th)
52 week Bills, $27 billion (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090723_5.pdf) (July 28th)
2 year Notes, $42 billion (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090723_3.pdf) (July 28th)
5 year Notes, $39 billion (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090723_2.pdf) (July 29th)
7 year Notes, $28 billion (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090723_1.pdf) (July 30th)
19 year, 6 month TIPS (http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090723_6.pdf) (reopened), $6 billion (July 27th)

That’s two hundred thirty-five billion dollars over the next week!

Almost one quarter of a trillion……. geejus. At this run rate we would be trying to sell twelve trillion dollars over one year’s time…

I’ve really got no words in the face of a number like that, so I’ll let the pic abve of Crazy Timmy speak for me. No wonder Doug Casey is stocking up on cigs and sex, drugs and rock n’ roll

....man kann diese Fritzen nicht mehr sehen - Lug und Trug :mad

lunar
24.07.2009, 10:06
Panorama: 24. Juli 2009, 09:00

Es sind Zwillinge (http://www.nzz.ch/nachrichten/panorama/roger_federer_vater_von_zwillingen_geworden_1.3179716.html)

Roger Federer ist Vater von zwei Mädchen geworden – Geburt in der Schweiz (http://www.nzz.ch/nachrichten/panorama/roger_federer_vater_von_zwillingen_geworden_1.3179716.html)

Roger Federer ist Vater von Zwillingen geworden. Der Schweizer Tennisstar und seine Frau Mirka gaben das freudige Ereignis am Freitag auf der Homepage Federers bekannt. Die beiden Mädchen heissen Charlene Riva und Myla Rose, sind wohlauf und kamen in der Schweiz zur Welt. (http://www.nzz.ch/nachrichten/panorama/roger_federer_vater_von_zwillingen_geworden_1.3179716.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/panorama/roger_federer_vater_von_zwillingen_geworden_1.3179716.html)

http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif Champion: Gedanken über die Zukunft (http://www.nzz.ch/nachrichten/sport/aktuell/das_selbstvertrauen_des_anstaendigen_champions_1.2933824.html)

:gruss:gruss