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lunar
09.12.2009, 19:15
Von Mutter tot gefunden
9.12.2009

Brandenburg: 14-Jähriger stirbt bei gefährlichem "Würgespiel"

Eine Anleitung für das Würgespiel, bei dem bereits in Frankreich und den USA viele Jugendliche ihr Leben verloren haben, war sogar noch am Computer geöffnet.

http://tt.com/tt/home/dt.common.streams.StreamServer.cls?CONTENTTYPE=image/jpeg&STREAMOID=UqUHWecGd1CWGj_MmeqcwHCHS1zajb87I2PW5vIaW6_bxKFOatDhub7bKAlfAxlwwg3E1T3MzMZRRflKzlRKtmPU3Fr7hWykXbQupwu3SS5_2VyYi6s3bgEkya_HQ$nrV8ObXNotBF4SpjXEGYunwc68IWqJ_DPULbQY8$7SCes-&cmspicid=1105954%22%22%22%22%22 Tragisch: Bei einem bedenklichen Würgespiel brachte sich ein Bursche aus Versehen selbst um.
Bild: AP

Potsdam - Ein 14-jähriger Gymnasiast aus dem Havelland ist laut einem Bericht der "Märkischen Allgemeinen" (Mittwoch) bei einem so genannten Würgespiel ums Leben gekommen. Seine Mutter habe den Buben am vergangenen Freitag leblos gefunden, schreibt die Zeitung. Er habe sich hingekniet, mit einem Strick kurzzeitig stranguliert und dabei offenbar das Bewusstsein verloren.....

ganzer Artkel: http://tt.com/tt/home/story.csp?cid=17499326&sid=57&fid=21

:dumm

lunar
09.12.2009, 19:58
09 December 2009

Treasuries Fall After Weaker Than Expected Results in the Ten Year Auction (http://jessescrossroadscafe.blogspot.com/2009/12/treasuries-fall-after-weaker-than.html)


Interest rates rose and stocks and commodities faltered a bit on the result of this ten year treasury auction which was weaker than this Bloomberg piece suggests.

Metals declined as a reflexive reaction to 'higher interest rates.' The hit on the metals preceded the release of the results, in yet another bear raid by the Wall Street banks holding undeliverable short positions.

Foreign central banks were noticeably light buyers, much preferring the shorter durations like the three year.

Primary Dealers took a big chunk of the offering. Current trends suggest that Ben will take it off their hands through monetization.

The Fed will be under signficant pressure to buy the bonds as the bias to the short end of the curve forces a funding crisis, and a possible currency crisis, at the Treasury in 2010 if this trend continues. It is unlikely that they will raise rates when monetization is a viable, if not preferred, option.


Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=al7uSb5QZR0g&pos=4)
Treasuries Fall After $21 Billion Auction of 10-Year Notes
By Cordell Eddings and Susanne Walker

Dec. 9 (Bloomberg) -- Treasuries fell after the U.S sold $21 billion of debt maturing in 10 years, the second of three note and bond auctions this week totaling $74 billion.

The notes drew a yield of 3.448 percent, compared with the average forecast of 3.421 percent in a Bloomberg News survey of seven of the Federal Reserve’s 18 primary dealers. The bid-to- cover ratio, which gauges demand by comparing total bids with the amount of securities offered, was 2.62, compared with an average of 2.63 at the past 10 auctions.

“Investors are not sure they want to be holding this many Treasuries going into a year where duration is going to be extending and rates may go higher,” Suvrat Prakash, an interest-rate strategist in New York at BNP Paribas Securities Corp., said before the auction. BNP is one of the primary dealers, which are required to bid at Treasury auctions.

The yield on the current 10-year note rose five basis point to 3.44 percent at 1:02 p.m. in New York, according to BGCantor Market Data.

Indirect bidders, an investor class that includes foreign central banks, bought 34.9 percent of the notes at today’s auction. They purchased 47.3 percent at the November sale. The average for the past 10 auctions is 39.1 percent...

The spread between yields on 2-year and 30-year Treasuries touched 366 basis points as the U.S. prepares to sell $13 billion of bonds tomorrow. The last time the spread was so large was 1992, when the Federal Reserve cut interest rates to bolster growth after a recession...




Posted by Jesse at 1:32 PM (http://jessescrossroadscafe.blogspot.com/2009/12/treasuries-fall-after-weaker-than.html) :verbeug

lunar
09.12.2009, 20:05
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
The Longwave Group On Why The Fed Must Be Abolished (http://www.zerohedge.com/article/longwave-group-why-fed-must-be-abolished)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/09/2009 13:30 -0500

It is a well documented fact that a few big American banks have long fostered and enjoyed close relationships with U.S. regulators and agencies such as the Federal Reserve Board and the U.S. Treasury. History is also replete with Goldman Sachs executives attaining government postings such as the Secretary of the Treasury; including Robert Rubin and Hank Paulson of recent decades. These relationships of trust are developed and nurtured over time to the point where advice is sought and information exchanged regarding situations on a strictly confidential basis. It is difficult for Long Wave Analytics to believe, for example, that the Federal Reserve didn’t send up a trial balloon last February musing about the prospect of initiating a quantitative easing program involving new Treasury bond issues. How else could Goldman amass $27 billion (U.S.) in trading profits in the first nine months of the year. A 50 basis point move in yield on a 10-year maturity, for example, translates into a price change of $4.20 per $1,000 bond. On a long position of $1 billion (U.S.) of a 10-year Treasury bond, this means a capital gain of $42 million (U.S.).

Who’s in charge? We believe it to be the big American and European banks because, after all, they are the owners of the U.S. Federal Reserve.



2 comments (http://www.zerohedge.com/article/longwave-group-why-fed-must-be-abolished#comments)
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lunar
09.12.2009, 21:08
Britain Slaps Major Windfall Tax On Fat Bank Bonuses (http://www.huffingtonpost.com/2009/12/09/britain-unveils-whopping_n_383103.html)

http://images.huffingtonpost.com/gen/125029/thumbs/s-WINDFALL-TAX-large.jpg (http://www.huffingtonpost.com/2009/12/09/britain-unveils-whopping_n_383103.html)

Dylan Ratigan: 'UK Gets It' (http://twitter.com/DylanRatigan/status/6501491121)





Quick Read (http://www.huffingtonpost.com/2009/12/09/britain-unveils-whopping_n_383103.html) |
Comments (http://www.huffingtonpost.com/2009/12/09/britain-unveils-whopping_n_383103.html)
| Barack Obama (http://www.huffingtonpost.com/news/barack-obama)
.
....die werden sicher in eine Trickkiste greifen :rolleyes:mad

lunar
10.12.2009, 08:20
Bergfotografie in Tibet

Land der unberührten Traumgipfel (http://www.spiegel.de/reise/aktuell/0,1518,666168,00.html)

Erhabene Schneegipfel, Hunderte von ihnen noch unbestiegen: Im Osten Tibets reihen sich spektakuläre Sechstausender aneinander, die bislang nur wenige Ausländer zu Gesicht bekamen. Der japanische Alpinist Tamotsu Nakamura hat die schönsten fotografiert. mehr... (http://www.spiegel.de/reise/aktuell/0,1518,666168,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=9807&goto=newpost) ]

FOTOSTRECKE



13 Bilder
Osten Tibets: Viel Neuland für Gipfelstürmer (http://www.spiegel.de/fotostrecke/fotostrecke-49643.html)

lunar
10.12.2009, 08:29
WAR PRESIDENT, PEACE PRIZE (http://www.huffingtonpost.com/2009/12/09/obamas-nobel-peace-prize-_n_386660.html)
Obama's Speech Will Note Irony In Receiving Award During Wartime (http://www.huffingtonpost.com/2009/12/09/obamas-nobel-peace-prize-_n_386660.html)

http://images.huffingtonpost.com/gen/125215/thumbs/r-OBAMA-NOBEL-huge.jpg (http://www.huffingtonpost.com/2009/12/09/obamas-nobel-peace-prize-_n_386660.html)


Obama Will Face War Critics... (http://www.csmonitor.com/2009/1210/p06s01-woeu.html) Dalai Lama: Prize Is 'A Little Early'... (http://www.huffingtonpost.com/2009/12/09/dalai-lama-obama-nobel-peace-prize_n_386636.html) Obama Bucks Tradition, Declines Invite To Meet Norway's King (http://www.huffingtonpost.com/2009/12/09/obama-nobel-peace-prize-s_n_386279.html)






Quick Read (http://www.huffingtonpost.com/2009/12/09/obamas-nobel-peace-prize-_n_386660.html) |
Comments (650) (http://www.huffingtonpost.com/2009/12/09/obamas-nobel-peace-prize-_n_386660.html)
| Barack Obama (http://www.huffingtonpost.com/news/barack-obama)
.
....es sollten nun wirklich mal Taten für den Frieden folgen :rolleyes

lunar
10.12.2009, 10:53
Genfer Bankdaten bei der französischen Regierung

Ein Teil der Daten auf der Liste mit 3000 französischen Steuersündern, über welche die französische Regierung verfügt, sind bei der Genfer HSBC-Bank entwendet worden. Dies bestätigte der französische Finanzminister Eric Woerth.

Eric Woerth bestätigt Datendiebstahl

Der französische Budgetminister Eric Woerth hat bestätigt, dass er bei seiner ominösen Liste von 3000 mutmasslichen Steuersündern von einem Datendiebstahl bei der HSBC-Bank in Genf profitiert hat. Unklar bleibt, wie viele Bankkonten und Kunden betroffen sind.....



Hören (rtsp://a1032.v23910e.c23910.g.vr.akamaistream.net/ondemand/7/1032/23910/4b208b19/audio.drs.ch/drs4/2009/aktuell_ausland/091210_d4_woerh.mp3)
.
http://www.drs.ch/www/de/drs/nachrichten/wirtschaft/156854.kundendaten-bei-hsbc-genf-entwendet.html


:Prost da freuen sich einige

lunar
10.12.2009, 13:10
http://img18.imageshack.us/img18/4242/largeimage552b66961740d.gif .

lunar
10.12.2009, 13:14
Dr.Phool http://www.democraticunderground.com/discuss/images/donor.gif (1000+ posts) http://www.democraticunderground.com/discuss/images/mesg_journal.gif (http://journals.democraticunderground.com/Dr.Phool) http://www.democraticunderground.com/discuss/images/mesg.gif (http://www.democraticunderground.com/discuss/duboard.php?az=send_mesg&u_id=131120) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=131120) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=131120) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=131120&level=three) Thu Dec-10-09 06:39 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4178438&mesg_id=4178438) 14. Real Black Friday numbers http://upload.democraticunderground.com/discuss/images/avatars/dog.gif Another Real Black Friday Number....

... and it sucked.

The NPD Group’s Weekly Tracking Service**, the industry source for actual point-of-sale data (POS) from Black Friday. Total revenue for the week of Black Friday*** was slightly more than $2.7 billion, down 1.2 percent from 2008, but an improvement over the 3.4 percent decline noted last year.

Now there's a real number - an actual count out of POS terminals.

That's cash registers for those who would prefer "Joe Six Pack" language.

Better, here are the actual price changes from 2008 to 2009 (and 2007 to 2008) based on actual items sold: (click for the full report at the source's web site)

http://market-ticker.denninger.net/uploads/Dec2009/npd.png

Do not believe the pumpers on CNBS and elsewhere.

Black Friday sucked rocks though a hose for "big ticket" consumer electronics dealers with double-digit price declines in all categories of consumer electronics save one, and with total revenue at the cash register for Black Friday was down 1.2% from the dismal, near-collapse numbers put up in 2008.


http://market-ticker.denninger.net/archives/1719-Anothe... (http://market-ticker.denninger.net/archives/1719-Another-Real-Black-Friday-Number.....html)

Lug und Trug allerorten :mad

lunar
10.12.2009, 14:19
WATCH LIVE (http://www.huffingtonpost.com/2009/12/10/obama-nobel-peace-prize-p_n_386824.html) Peace Prize :rolleyes

lunar
10.12.2009, 14:40
http://www.zerohedge.com/sites/default/files/pictures/picture-10.png
Citigroup: KIA'd (http://www.zerohedge.com/article/citigroup-kiad)

Submitted by Marla Singer (http://www.zerohedge.com/users/marla-singer) on 12/09/2009 20:53 -0500

http://www.zerohedge.com/sites/default/files/images/user10/imageroot/invas.pngIn the wake of the crumbling of certain sandcastles in the sky, sovereign wealth funds in the middle east have baited our analytic gaze over the last month or so. It takes very little, therefore, to prompt us to take careful notice now just about whenever one is mentioned. Today, the Kuwait Investment Authority (hereinafter the "KIA") and its brutal body-blow to Citi demand our attention.


54 comments (http://www.zerohedge.com/article/citigroup-kiad#comments)
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.
http://www.zerohedge.com/images/bagicon.png
by Anonymous
on Wed, 12/09/2009 - 22:28
#158589 (http://www.zerohedge.com/article/citigroup-kiad#comment-158589)

Only if the Feds raid the banksters.

5d_bBdxfZrM

lunar
10.12.2009, 15:13
Dubai financial crisis (http://www.ft.com/indepth/dubai-world)

Dubai World's request to restructure its debt has raised default fears. How did the booming emirate get into this position?

lunar
10.12.2009, 15:26
From Himalayas to Helmand (http://podcasts.theatlantic.com/2009/12/from-himalayas-to-helmand.php)

A video by Anup Kaphle
For almost two centuries, the Gurkhas have held a place among the fiercest and most loyal warriors in modern history. This group of young men, who come mostly from the rugged hills of rural Nepal, have fought for the British in almost every war since 1815. Today, members of the Royal Gurkha Rifles have a robust presence in Afghanistan's Helmand province. They play an invaluable role in training and mentoring programs for the Afghan National Police and the Afghan National Army, mainly because of the cultural knowledge they bring with them.

lunar
10.12.2009, 15:33
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Emergency Jobless Claims Surge By Most Ever In Prior Week (http://www.zerohedge.com/article/emergency-jobless-claims-surge-most-ever-prior-week)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/10/2009 09:16 -0500

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/volcker/EUC%20graph%2012.10_1.jpgThe number you won't hear mentioned anywhere in the Mainstream Media: 327,729. That is how many people shifted to Emergency Unemployment Compensation programs in the last week alone, hitting an all time record high of 4.2 million! So as everyone is focused on the benign picture of initial claims in the last week which was "only" 474,000, the number of people rolling off continuing benefits has exploded and is now a stunning 592,579 only in the last two week. Look for this number to keep going into the stratosphere as the 6 month continuing claims cliff keeps getting hit by more and more people who are unemployed and keep looking not only for believable change, but actual jobs to go with it.

Add new comment (http://www.zerohedge.com/comment/reply/40952#comment-form)
Read more (http://www.zerohedge.com/article/emergency-jobless-claims-surge-most-ever-prior-week)
.
...und weiter mit Lug und Trug :mad

lunar
10.12.2009, 16:55
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
David Rosenberg's 2010 Outlook "The Recession Is Really A Depression" (http://www.zerohedge.com/article/david-rosenbergs-2010-outlook-recession-really-depression)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/10/2009 10:31 -0500

http://www.zerohedge.com/sites/default/files/pictures/picture-5917.png
by AN0NYM0US
on Thu, 12/10/2009 - 10:45
#158945 (http://www.zerohedge.com/article/david-rosenbergs-2010-outlook-recession-really-depression#comment-158945)

Rosenberg blah blah blah I'm sorry but he has been crying wolf since March - he may be correct but his credibility just ain't there.

Meanwhile in the TARP hearing going on now - Damon Silvers deputy chair of the panel (and Associate General Counsel of the AFL-CIO) is lobbing softballs at Timmay and coming up Pelosi's choice for the oversight panel Richard H. Neiman, superintendent of Banks in New York.



http://www.zerohedge.com/sites/default/files/pictures/picture-8417.jpg
by aint no fortuna... :supi
on Thu, 12/10/2009 - 10:50
#158961 (http://www.zerohedge.com/article/david-rosenbergs-2010-outlook-recession-really-depression#comment-158961)

While I appreciate Mr. Rosenberg's, and the other several thousand negative commentaries from similarly inclined economists and pundits, if I had shorted this market every time that I agreed with their conclusions over the past 9 months, I would be scrubbing toilets in a Taco Bell for a profession, if I was lucky enough to be employed at all. Fact of the matter is, yeah, things are bad and no doubt getting worse. Fact of the matter II is that it doesn't matter squat, because the US government owns this market and is going to keep it on an upward trajectory for as long as it feels like it, which will be as long as Lloyd and Jamie spin buy programs at will with Ben's money.



I do find it interesting that GS is back down today and perhaps reestablishing its downtrend, sp perhaps yesterday's strength was pre-bonus share buying for distribution to the troops.. but they are rapidly approaching their 200 day EMA, and I would suspect there will be a lot of hedge funds buying that support just about the time the markets open up for the new year.. a perfect spot for a 20% correction to end and the markets to get their New Year's juice form the big guys.

No doubt U-3 will be 12%+ by then, and no doubt that will be the occassion of many celebratory buy programs.

lunar
10.12.2009, 17:13
...ist etwas länger - aber ok :) http://img710.imageshack.us/img710/416/2bg2fail.png :rolleyes

December 10th, 2009 by stacyherbert (http://maxkeiser.com/)
Respond (http://maxkeiser.com/2009/12/10/kr04-keiser-report-with-steve-keen/#respond)

Stacy Summary: The Keiser Report, episode 4, with guest Steve Keen (http://www.debtdeflation.com/blogs/).


ZKanqxd5ZW4&feature

Cat
10.12.2009, 17:57
:schwitz

Woman Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives (http://www.washingtonsblog.com/2009/12/woman-who-invented-credit-default-swaps.html)

.....
Round Two: Carbon Derivatives

Now, Bloomberg notes that the carbon trading scheme will be largely centered around derivatives:

The banks are preparing to do with carbon what they’ve done before: design and market derivatives contracts that will help client companies hedge their price risk over the long term. They’re also ready to sell carbon-related financial products to outside investors.

[Blythe] Masters says banks must be allowed to lead the way if a mandatory carbon-trading system is going to help save the planet at the lowest possible cost. And derivatives related to carbon must be part of the mix, she says. Derivatives are securities whose value is derived from the value of an underlying commodity -- in this case, CO2 and other greenhouse gases...

Who is Blythe Masters?

She is the JP Morgan employee who invented credit default swaps, and is now heading JPM's carbon trading efforts.
....

lunar
10.12.2009, 18:08
:schwitz

Woman Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives (http://www.washingtonsblog.com/2009/12/woman-who-invented-credit-default-swaps.html)
Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1278445#post1278445) Woman ;) ....ich kann mich erinnern - aber die Mannen haben auch fleissig geholfen das Zeugs unter die Leute zu bringen :oo;):D

....das war auch ein Artikel über sie :rolleyes
http://www.guardian.co.uk/business/2008/sep/20/wallstreet.banking

lunar
10.12.2009, 18:10
Pimco Buys Abu Dhabi, Qatar Bonds After Dubai Shock (Update2)

By Wes Goodman and Bernard

http://www.bloomberg.com/apps/data?pid=avimage&iid=ilau6hXkVtAg

Dec. 10 (Bloomberg) -- Pacific Investment Management Co., which runs the world’s biggest bond fund (http://www.bloomberg.com/apps/quote?ticker=PTTRX%3AUS), is buying the debt of Abu Dhabi, Qatar and Ras Laffan Liquefied Natural Gas Co., said Michael Gomez (http://search.bloomberg.com/search?q=Michael+Gomez&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), co-head of emerging markets at the fund manager.

Pimco added to its holdings of securities sold by governments and companies in the region as the Dubai debt crisis slashed prices of bonds sold by its state-controlled companies to record lows. Emerging-market (http://www.bloomberg.com/apps/quote?ticker=JPEMCOMP%3AIND) debt fell from the highest since records began in 1993 after Dubai World on Nov. 25 asked lenders for a debt standstill. Restructurings may almost double to $46.7 billion of debt in the “near term” as more of Dubai’s businesses need help paying debt, Morgan Stanley said Dec. 8......

full story: http://www.bloomberg.com/apps/news?pid=20601087&sid=aQzAdRQS8eRs&pos=5

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Developing Rumor: Nakheel To Make Bond Payment In Full On Monday (http://www.zerohedge.com/article/developing-rumor-nakheel-make-full-bond-payment-full-monday)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/10/2009 11:08 -0500
From the trader grapevine: Talk out of Dubai that Nakheel is going to make full payment on their bond due Monday -- unclear if there's anything to it but its going around now. Its coming from Dubai so could just be punters trying to walk up their equity tape, incremental positive though. I would note that the bond has been removed from listing on Bloomberg, what that means, im not sure.

Absolutely no corroboration to this at this point, and is likely total BS


3 comments (http://www.zerohedge.com/article/developing-rumor-nakheel-make-full-bond-payment-full-monday#comments)



Read more (http://www.zerohedge.com/article/developing-rumor-nakheel-make-full-bond-payment-full-monday)
http://www.zerohedge.com/images/bagicon.png
by E pluribus unum
on Thu, 12/10/2009 - 11:54
#159051 (http://www.zerohedge.com/article/developing-rumor-nakheel-make-full-bond-payment-full-monday#comment-159051)
PIMCO can take chances no one else can. If they win, they win. If they lose, the Fed buys their crap. Can you get that same deal?

lunar
10.12.2009, 18:23
:thanx GoldBalloon

http://goldtent.net/wp_gold/wp-content/uploads/2009/12/electric-child.jpg

lunar
10.12.2009, 18:33
:schwitz

Round Two: Carbon Derivatives
Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1278445#post1278445) ...aber was sich da anbahnt :rolleyes:mad

Financial experts are also opposed to cap and trade:
Even George Soros, the billionaire hedge fund operator, says money managers would find ways to manipulate cap-and-trade markets. “The system can be gamed,” Soros, 79, remarked at a London School of Economics seminar in July. “That’s why financial types like me like it -- because there are financial opportunities”...
Hedge fund manager Michael Masters, founder of Masters Capital Management LLC, based in St. Croix, U.S. Virgin Islands [and unrelated to Blythe Masters] says speculators will end up controlling U.S. carbon prices, and their participation could trigger the same type of boom-and-bust cycles that have buffeted other commodities...

The hedge fund manager says that banks will attempt to inflate the carbon market by recruiting investors from hedge funds and pension funds.

“Wall Street is going to sell it as an investment product to people that have nothing to do with carbon,” he says. “Then suddenly investment managers are dominating the asset class, and nothing is related to actual supply and demand. We have seen this movie before.”

Indeed, as I have previously pointed out, many environmentalists are opposed to cap and trade as well. For example:

Michelle Chan, a senior policy analyst in San Francisco for Friends of the Earth, isn’t convinced.

“Should we really create a new $2 trillion market when we haven’t yet finished the job of revamping and testing new financial regulation?” she asks. Chan says that, given their recent history, the banks’ ability to turn climate change into a new commodities market should be curbed...

“What we have just been woken up to in the credit crisis -- to a jarring and shocking degree -- is what happens in the real world,” she says...

Friends of the Earth’s Chan is working hard to prevent the banks from adding carbon to their repertoire. She titled a March FOE report “Subprime Carbon?” In testimony on Capitol Hill, she warned, “Wall Street won’t just be brokering in plain carbon derivatives -- they’ll get creative.”.......

lunar
10.12.2009, 19:03
Paul Feyerabend: "Was zählt, sind einige Freunde da und dort - das ist alles." :)

lunar
10.12.2009, 21:18
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Is The Goldman Exodus About To Start? Firm Announces Management Committee To Get 5 Year Vesting "Shares At Risk" With Clawbacks (http://www.zerohedge.com/article/goldman-exodus-about-start-firm-announces-management-committee-get-5-year-vesting-shares-ris)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/10/2009 12:00 -0500

Just released: the latest Mea Culpa from 85 Broad. Goldman's "entire 30-person management committee, which comprises all global divisional and regional leadership, will receive 100 percent of their discretionary compensation in the form of Shares at Risk, which are subject to restrictions for five years. Discretionary compensation represents the vast majority of senior management's compensation and is directly tied to the firm's overall performance. "

42 comments (http://www.zerohedge.com/article/goldman-exodus-about-start-firm-announces-management-committee-get-5-year-vesting-shares-ris#comments)
Read more (http://www.zerohedge.com/article/goldman-exodus-about-start-firm-announces-management-committee-get-5-year-vesting-shares-ris)

http://www.zerohedge.com/images/bagicon.png
by Argonaught
on Thu, 12/10/2009 - 12:15
#159074 (http://www.zerohedge.com/article/goldman-exodus-about-start-firm-announces-management-committee-get-5-year-vesting-shares-ris#comment-159074)

This is all fine and good, but it still misses the point. The issue really shouldn't be about how the bonus pool is distributed; the issue is where did the money in the bonus pool come from?

This year's pool includes the AIG counterparty bailout payment as well as $s earned by GS by taking advantage of gov't programs (while risking tax-payer dollars). And until someone can show that GS is not breaking the law with their 98% winning percentage on the trading desk, that portion of the bonus pool is questionable at best. Strip out the first 2 items, and the bonus pool is virtually nothing...and no one would be complaining about GS bonuses anymore.

lunar
10.12.2009, 21:49
click ---> http://www.usdebtclock.org/ :eek

lunar
11.12.2009, 09:19
what else are we missing? (http://goldtent.net/wp_gold/2009/12/11/what-else-are-we-missing/)

by GoldBalloon @ 3:12 am.:thanx

http://goldtent.net/wp_gold/wp-content/uploads/2009/12/jb.jpg (http://goldtent.net/wp_gold/wp-content/uploads/2009/12/jb.jpg)

Washington, DC Metro Station on a cold January morning. A man with a violin plays six Bach pieces for about 45 minutes. During that time approx. 2 thousand people passed through the station, most of them on their way to work. After 3 minutes a middle-aged man noticed there was a musician playing. He slowed his pace and stopped for a few seconds and then hurried to meet his schedule.


4 minutes later:
The violinist received his first dollar: a woman threw the money in the hat and, without stopping, continued to walk.

6 minutes:
A young man leaned against the wall to listen to him, then looked at his watch and started to walk again.

10 minutes:
A 3-year old boy stopped but his mother tugged him along hurriedly. The kid stopped to look at the violinist again, but the mother pushed hard and the child continued to walk, turning his head all the time. This action was repeated by several other children. Every parent, without exception, forced their children to move on quickly.

45 minutes:
The musician played continuously. Only 6 people stopped and listened for a short while. About 20 gave money but continued to walk at their normal pace. The man collected a total of $32.

1 hour:
He finished playing and silence took over. No one noticed. No one applauded, nor was there any recognition.

No one knew this, but the violinist was Joshua Bell, one of the greatest musicians in the world. He played one of the most intricate pieces ever written, with a violin valued at $3.5 million dollars. Two days before, Joshua Bell sold out a theater in Boston where the price of seats averaged $100.

This is a true story. Joshua Bell playing incognito in the metro station was organized by the Washington Post as part of a social experiment about perception, taste and people’s priorities. The questions raised: in a commonplace environment at an inappropriate hour, do we perceive beauty? Do we stop to appreciate it? Do we recognize talent in an unexpected context?

One possible conclusion reached from this experiment could be this: If we do not have a moment to stop and listen to one of the best musicians in the world, playing some of the finest music ever written, with one of the most beautiful instruments ever made… what else are we missing?


hnOPu0_YWhw&feature

lunar
11.12.2009, 10:29
10 December 2009

Obama's Big Sell Out (http://jessescrossroadscafe.blogspot.com/2009/12/obamas-big-sell-out.html)


This is an effective articulation of why so many Americans who voted for Barack Obama and 'change' and reform feel betrayed, and rightfully so.

The funny thing is, the result would most likely have not been all that different if McCain had won, except the world might be worrying quite a bit about his health, given his utterly unqualified successor, the Decider in a skirt. American politics sometimes appear to be more like competing crime families and special interests than legitimate alternatives to national governance.

Well, at least an American President has not appointed his favorite horse to the Senate -- yet.
http://4.bp.blogspot.com/_H2DePAZe2gA/SyGo9MSkGkI/AAAAAAAAKxQ/I8DyWm2RcZg/s400/31193776-31193781-slarge.jpg (http://4.bp.blogspot.com/_H2DePAZe2gA/SyGo9MSkGkI/AAAAAAAAKxQ/I8DyWm2RcZg/s1600-h/31193776-31193781-slarge.jpg)Obama's Big Sellout
By Matt Taibbi
Dec 09, 2009 2:35 PM

The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway

Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for hurting the middle class and tore into John McCain for supporting a bankruptcy bill that sided with wealthy bankers "at the expense of hardworking Americans." Obama may not have run to the left of Samuel Gompers or Cesar Chavez, but it's not like you saw him on the campaign trail flanked by bankers from Citigroup and Goldman Sachs. What inspired supporters who pushed him to his historic win was the sense that a genuine outsider was finally breaking into an exclusive club, that walls were being torn down, that things were, for lack of a better or more specific term, changing.

Then he got elected.

What's taken place in the year since Obama won the presidency has turned out to be one of the most dramatic political about-faces in our history. Elected in the midst of a crushing economic crisis brought on by a decade of orgiastic deregulation and unchecked greed, Obama had a clear mandate to rein in Wall Street and remake the entire structure of the American economy. What he did instead was ship even his most marginally progressive campaign advisers off to various bureaucratic Siberias, while packing the key economic positions in his White House with the very people who caused the crisis in the first place. This new team of bubble-fattened ex-bankers and laissez-faire intellectuals then proceeded to sell us all out, instituting a massive, trickle-up bailout and systematically gutting regulatory reform from the inside.

How could Obama let this happen? Is he just a rookie in the political big leagues, hoodwinked by Beltway old-timers? Or is the vacillating, ineffectual servant of banking interests we've been seeing on TV this fall who Obama really is?...

Read the rest of the story at Rolling Stone online here (http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout) -

Posted by Jesse at 9:02 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/obamas-big-sell-out.html)
(http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=8516699775761353701)
:( so viele Hoffnungen http://www.kiki-net.de/smilies/diverse/sargtrag.gif

lunar
11.12.2009, 10:39
Comments zum Artikel: http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout

LynnMT (http://www.rollingstone.com/community/persona?uid=77d8c165a3ab20a6e043c0a87fe420a6) | December 11, 2009 5:05 AM EST

Another chilling and perfect article from one of the only journalists to say what is. . .

As for "almost nobody noticed":
A lot of folks outside the media did notice that President Obama and Candidate Obama were two entirely different people. When Obama picked Rick ("I don't take sides" as my friends in Uganda take steps to legislate the execution of gays) Warren last year at this time to bless his inauguration, I knew we'd been utterly hoodwinked. I was through with him as of that day; I knew we were in for a boatload of hypocrisy and indifference and cozying up to the wrong people. Very quickly it became very clear that it wasn't going to be just a sellout of civil rights. And I was stunned that the press was still enthralled and that anyone who could not bear criticism of the man kept saying "hey wait a minute, give him time." What I saw last December (and Matt saw even before that) was that progressives had been played. How much time does it take to see a man's true character? Not much. And even as recently as last week, people believed we'd actually pull out of Afghanistan on a timetable because the man said so.

I have not seen, in 5 decades of following politics, such a masterful marketing campaign as Campaign Obama '08.

"What's most troubling is that we don't know if Obama has changed, or if the influence of Wall Street is simply a fundamental and ineradicable element of our electoral system."
I don't think it is either. Obama was never, ever, who he said he was.

JRD (http://www.rollingstone.com/community/persona?uid=fe2318f5afe450fce033c0a87f2e50fc) | December 11, 2009 2:32 AM EST

Matt, I love reading your Wall Street bashing but you are so 2000 when it comes to mocking the people protesting at tea parties. They are small business owners who are women, gay, black, latino and do not BELIEVE that anyone is too big to fail. We knew Obama was in bed with Wall Street long before you did. Wall Street financed his campaign and we all the bundlers. How someone with your smarts does not see that George Soros is a dirtbag, that the Sandlers belong in jail and, that the progressives are nothing but in bed with corporatists is beyond stupid. Keep letting the progressives allow you to believe that we are all homophobes. But you work for Real Networks, more progressive BS corporatists, D-uh!
We are losing them all. We are the politicians worst nightmare. It is us against the politicians who are all thieves. It doesn't matter which party. They represent the lobbyists and not the people. And we are coming for them in 2010. VOTE THEM ALL OUT. Progressive politicians are the biggest sellouts. Your references in your article prove it. Sometimes you have to growup and admit, THEY ALL STINK!

lunar
11.12.2009, 10:57
...und wer nicht so viel lesen mag :rolleyes ein Video ;)

http://www.rollingstone.com/videos/player/31163379

lunar
11.12.2009, 11:16
Einwanderung verteuert Mieten (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Einwanderung-verteuert-Mieten/story/17237281)

Eine Studie der Nationalbank kommt zum Schluss: Immigration macht fast zwei Drittel der Preissteigerung bei Einfamilienhäusern aus und gut die Hälfte bei Mehrfamilienhäusern. Dies trifft auch die Mieter. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Einwanderung-verteuert-Mieten/story/17237281)

Aktualisiert um 08:53 Uhr

lunar
11.12.2009, 14:34
11. Dezember 2009, Neue Zürcher Zeitung

Eine bessere Regulierung von Kreditderivaten ist überfällig

Fehlende Transparenz erhöht die Gefahr des Systemrisikos

Nach dem Kollaps von Lehman Brothers sind die Mängel des Kreditderivatemarktes schmerzhaft zum Vorschein gekommen. Leider sind diese Probleme immer noch nicht gelöst. Problematisch ist vor allem die fehlende Transparenz im Handel........

.....Interessenkonflikte Das Problem mit den CDS kommt vor allem von zwei Fronten. Zum einen können die Käufer von CDS offenbar zu einer Verzerrung der Anreizstruktur bei den Anlegern führen. Typischerweise sind Obligationäre daran interessiert, ein Unternehmen gesund zu sehen, und helfen in der Regel bei Schwierigkeiten. Doch seit der Einführung der CDS kann sich diese Einstellung ändern. Halter von Obligationen können unter Umständen sogar daran interessiert sein, ein Unternehmen trotz Sanierungspotenzial bankrottgehen zu lassen, falls sie CDS gekauft haben. Problematisch ist das vor allem dann, wenn die Obligationäre gefragt werden, über ein Sanierungsprogramm abzustimmen. Wenn sie sich vorher mit CDS eingedeckt haben, sind sie möglicherweise gar nicht daran interessiert, dem Unternehmen zur Gesundung zu verhelfen. Das Problem ist zum Beispiel beim Bankrott von CIT, dem Kleinkreditunternehmen, zum Vorschein gekommen. Offenbar haben gewisse :rolleyes Kreditoren dort dank grossen CDS-Positionen gutes Geld verdient.....


ganzer Artikel: http://www.nzz.ch/nachrichten/wirtschaft/boersen_und_maerkte/eine_bessere_regulierung_von_kreditderivaten_ist_ueberfaellig_1.4152498.html

lunar
11.12.2009, 14:57
by floridagold @ 7:39 am.
http://goldtent.net/wp_gold/wp-content/uploads/2009/12/the-federal-reserve.gif

http://goldtent.net/wp_gold/wp-content/uploads/2009/12/moneyhole.jpg

lunar
11.12.2009, 15:10
Kosten der Krise

EU-Staaten fordern globale Finanzmarktsteuer (http://www.spiegel.de/wirtschaft/soziales/0,1518,666496,00.html)

Überraschende Einigung in Brüssel: Die Regierungen der EU-Länder sprechen sich für die Einführung einer globalen Finanzmarktsteuer aus, um die Geldbranche an den Lasten der Krise zu beteiligen. Der Internationale Währungsfonds soll den Plan nun prüfen - die USA stellen sich bislang quer. mehr... (http://www.spiegel.de/wirtschaft/soziales/0,1518,666496,00.html) [---> Forum (http://forum.spiegel.de/showthread.php?t=9845) ]


....Er warnte, die Finanzmarktakteure würden sich einfach innovative Instrumente einfallen lassen, um die Steuer zu umgehen. (...und hängen bleibt's dann letztendlic am kleinen Mann :mad)

lunar
11.12.2009, 19:21
http://news.google.ch/news/tbn/1OYV_mH7VZ8J
(http://www.google.ch/url?q=http://www.epochtimes.de/articles/2009/12/08/525051.html&ei=e4wiS_afIcmOsAbAu5XlBw&sa=X&oi=news_group&resnum=1&ct=image&ved=0CAoQpwIwAA&usg=AFQjCNHEBgqayWXo5e1DuEDy9rApRthAJA)Chinesischer Bürgerrechtler angeklagt (http://www.bielertagblatt.ch/News/Ausland/161929)‎

Chinesischer Bürgerrechtler angeklagt

Ein Jahr nach seiner Festnahme ist der prominente chinesische Bürgerrechtler Liu Xiaobo offiziell angeklagt worden. Der Prozess werde wahrscheinlich in Kürze beginnen, erklärte der Anwalt und die Frau des Bürgerrechtlers

(sda) Die Vorwürfe gegen den 54-jährigen Vorsitzenden des Pen-Clubs lauten "Agitation, Verbreitung von Gerüchten und Verleumdung der Regierung mit dem Ziel, den Staat zu untergraben und das sozialistische System zu stürzen". Ihm drohen nach Angaben seines Anwalts nun bis zu 15 Jahre Haft.

Lui Xiaobo ist einer der bekanntesten Kritiker des kommunistischen Machtapparates. Der frühere Universitätsdozent und Literaturkritiker war einer der führenden Köpfe hinter der "Charta 08", einem Appell für Demokratie und Menschenrechte in China, der inzwischen von mehr als 10'000 Menschen online unterzeichnet wurde.

Der Aufruf sieht sich bewusst in der Tradition der "Charta 77" vom Januar 1977 gegen Menschenrechtsverletzungen in der damaligen Tschechoslowakei und fordert ein Ende der Ein-Parteien-Herrschaft in China.

Die "Charta 08" war aus Anlass des 60. Jahrestages der Allgemeinen Erklärung der Menschenrechte durch die Vereinten Nationen im Dezember 2008 verbreitet worden.

:gomad nix mit Öffnung und Meinungsfreiheit :gomad

lunar
11.12.2009, 20:09
Neuer Militär-Airbus

Kostenzank trübt Jungfernflugjubel (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,666596,00.html)



.....was das kostet :kopf

lunar
12.12.2009, 11:36
D-AaZTqIHp8&feature

...wird wohl wieder mal überhört :gomad

lunar
12.12.2009, 11:54
...kleine Abwechslung ;)

lW4viY6Elqk

T G I F !!!! (http://goldtent.net/wp_gold/2009/12/11/t-g-i-f/)

by Just_Buy_It @ 16:55 pm.
A little Friday CONGA?

www.youtube.com/watch_popup?v=lW4viY6Elqk (http://www.youtube.com/watch_popup?v=lW4viY6Elqk)

I remember much.

JBI

http://goldtent.net/wp_gold/wp-content/uploads/2009/12/pink_panther.gif (http://goldtent.net/wp_gold/wp-content/uploads/2009/12/pink_panther.gif)

lunar
12.12.2009, 12:04
11 December 2009

About Those Strong November US Retail Sales Numbers (http://jessescrossroadscafe.blogspot.com/2009/12/about-those-strong-november-us-retail.html)


Gasoline Purchases.

Early deep discounts on electronics to spur Christmas buying and 'green rebates' on new appliances.

Higher prices. Subsidized purchases. Let's party!

http://3.bp.blogspot.com/_H2DePAZe2gA/SyLqKZk5wxI/AAAAAAAAKxg/0fh2F8NzB0E/s400/retailsales.png (http://3.bp.blogspot.com/_H2DePAZe2gA/SyLqKZk5wxI/AAAAAAAAKxg/0fh2F8NzB0E/s1600-h/retailsales.png)

Posted by Jesse at 7:55 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/about-those-strong-november-us-retail.html)

(http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=6015616406162280967)

lunar
12.12.2009, 12:06
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Even Computers Have Given Up Trading With Each Other (http://www.zerohedge.com/article/even-computers-have-given-trading-each-other)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/11/2009 19:18 -0500

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/volcker/SPY%20Volume%2012.11_1.jpg

A chart of the past two days' cumulative trading volume speaks...well, volumes. At this point it is safe to say that even machines no longer derive any binary pleasure in scalping humans, and are off to spend the spoils of having run up markets to such heights that nobody will either buy or sell any longer, but merely stare with disbelief.

83 comments (http://www.zerohedge.com/article/even-computers-have-given-trading-each-other#comments)
Read more (http://www.zerohedge.com/article/even-computers-have-given-trading-each-other)

http://www.zerohedge.com/sites/default/files/pictures/picture-2561.jpg
by molecool
on Fri, 12/11/2009 - 19:28
#160742 (http://www.zerohedge.com/article/even-computers-have-given-trading-each-other#comment-160742)


Well, the thing about humans is that they do take a while to realize that they are getting ripped off. And what happens when you alienate an entire generation of traders they probably won't return for a long long time. Message to all GS and Fed jolt cola guzzling X-game monkeys: Have fun bouncing the ball between yourselves.

Seriously now - I'm running what used to be a pretty popular trading blog. In the past three months I've seen about 60% of the traders disappear - they're basically tapped and also got screwed with December puts they loaded up on in fall. They basically kaputt-ulated and won't be back.

lunar
12.12.2009, 19:06
'SILENT EPIDEMIC'
Number Of US Children Going Hungry Soars (http://www.washingtonpost.com/wp-dyn/content/article/2009/12/11/AR2009121102697.html)





Quick Read (http://www.huffingtonpost.com/2009/12/12/silent-epidemic-number-of_n_389756.html) |
Comments (1,238) (http://www.huffingtonpost.com/2009/12/12/silent-epidemic-number-of_n_389756.html)
| Hunger (http://www.huffingtonpost.com/news/hunger)
.
Typo-Knig (http://www.huffingtonpost.com/users/profile/Typo-Knig) http://images.huffingtonpost.com/profiles/468398.png?20090926151035 (http://www.huffingtonpost.com/users/profile/Typo-Knig)
i work in a local food pantry. usualy "business "picks up around the holidays. this year it picked up in october and hasn let up. people are hungry. and its not just the homless street people. more and more its people who just cant make ends meet. when you need to pay ouragious prices for gas to get to a crappy job, then you dont have anything left for food or toys. we get government grants and help but its not enough. i urge everyone to make a donation of food , clothing or toys. money is helpful but money is spent by comitee. items are handed out by people.

Chernynkaya (http://www.huffingtonpost.com/users/profile/Chernynkaya) http://images.huffingtonpost.com/profiles/470021.png?20091127201903 (http://www.huffingtonpost.com/users/profile/Chernynkaya)
Judging from some posters, the Right believes in 19th century values. Did you ever read Dickens and think: Wow, how horrible life for the average person was then- children working in the cotton mills, horses being whipped ‘til they dropped in the streets, people sent to debtors’ prison if they lost their jobs, people being arrested for stealing a loaf of bread, the streets covered in human waste and the rivers polluted by industrial waste, the poor living in squalor with no heat in the winter?

That is what life would be like in a Republican America. No social safety nets except for those the church would provide, no OSHA, no child labor laws or minimum wages, no bankruptcy protections, harsher sentencing for minor crimes, no environmental protections and everything done to protect industry and corporations. How can anyone not be ashamed to call themselves a Republican?

lunar
12.12.2009, 19:20
Klimademo in Kopenhagen


Kuschelnde Clowns, tanzende Pandas, wütende Supermodels (http://www.spiegel.de/politik/ausland/0,1518,666756,00.html)

Buntes Treiben in Kopenhagen: 50.000 Menschen haben am Samstag für den Klimaschutz demonstriert. Mit farbigen Bannern und Tierkostümen zogen sie durch die Innenstadt - die Polizei nahm 400 Personen fest. Kanzlerin Merkel lehnte unterdessen weitere Vorleistungen für ein Emissionsabkommen ab. mehr... (http://www.spiegel.de/politik/ausland/0,1518,666756,00.html) [ Video (http://www.spiegel.de/video/video-1036765.html) | Forum (http://forum.spiegel.de/showthread.php?t=9634) ]




http://www.spiegel.de/static/sys/v9/icons/ic_listbullet.gifFotostrecke: Volksfeststimmung in "Hopenhagen" (http://www.spiegel.de/fotostrecke/fotostrecke-49719.html)

lunar
13.12.2009, 13:13
* * * http://mein.salzburg.com/fotoblog/heimat/assets_c/2008/12/IMG_5496a-thumb-600xauto-17919.jpg

lunar
13.12.2009, 13:31
Marc Faber interview on KingWorldNews broadcast (http://goldtent.net/wp_gold/2009/12/12/marc-faber-interview-on-kingworldnews-broadcast/)

by floridagold @ 17:35 pm.

http://tinyurl.com/ybgda6p

:supi (Tonqualität nicht so super)

lunar
13.12.2009, 13:39
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Some Questions For Goldman's Lucas van Praag And David Viniar (http://www.zerohedge.com/article/some-questions-goldmans-lucas-van-praag-and-david-viniar)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/12/2009 23:41 -0500

Earlier today the general public got one of its first public disclosures of what Goldman believes its prop trading operation contributes to the firm's top and bottom line. For those uninitiated with banker lingo, prop trading is basically the profit that Goldman makes by transacting exclusively as a hedge fund: this is not agency or facilitation revenue, but merely principal positions that represent balance sheet risk for the firm. Of course, with the Fed having made clear that America would fail before Goldman does, the definition of risk as it applies to Goldman is laughable. Yet considering that Goldman must disclose a trading VaR , or value at risk on a quarterly basis, which over the past year has averaged over $200 million, one can back into what the actual prop capital and revenue generated by prop strategies is (VaR is simply a statistical calculation of how much Goldman would stand to lose if a "one in twenty" event occurred. It is not the maximum loss risk that Goldman has exposure to - a good example of a terminal event, i.e., one which would leave the firm bankrupt overnight, or aVaR of infinity with a narrower confidence range, would be something like the recently notorious "what if" of an aborted AIG bankruptcy, courtesy of Tim Geithner). Goldman's head of PR claims the Goldman's prop trading accounts for only 12% of net revenue. Zero Hedge disagrees, and we would like to pose a question to Mr. van Praag which we hope Goldman will answer for us in order to refute our observation that Goldman may be disingenuous in its public statements.


18 comments (http://www.zerohedge.com/article/some-questions-goldmans-lucas-van-praag-and-david-viniar#comments)
Read more (http://www.zerohedge.com/article/some-questions-goldmans-lucas-van-praag-and-david-viniar)
1 attachment (http://www.zerohedge.com/article/some-questions-goldmans-lucas-van-praag-and-david-viniar#attachments)



http://www.zerohedge.com/images/bagicon.png
by Anonymous
on Sun, 12/13/2009 - 00:37
#161744 (http://www.zerohedge.com/article/some-questions-goldmans-lucas-van-praag-and-david-viniar#comment-161744)

From Bloomberg: Goldman Sachs has reaped more than 90 percent of its pretax earnings this year from trading and so-called principal investments, which include market bets on securities and stakes in companies. The other 10 percent came from advising clients on takeovers and capital-raising and from asset management, which includes managing hedge funds and buyout funds.

lunar
13.12.2009, 23:06
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Italian Prime Minister Berlusconi Attack At Milan Rally Condemned As "Act Of Terrorism" (http://www.zerohedge.com/article/italian-prime-minister-berlusconi-attacked-rally-milan)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2009 13:42 -0500

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/volcker/Berlusconi_1_0.jpg

Populist anger is starting to awake all over the world, as the G-20's actions continue favoring only the "aristocratic" banker class. We hope Berlusconi's mistresses will still find him just as attractive even with a black eye, bleeding lips and busted teeth.







74 comments (http://www.zerohedge.com/article/italian-prime-minister-berlusconi-attacked-rally-milan#comments)
Read more (http://www.zerohedge.com/article/italian-prime-minister-berlusconi-attacked-rally-milan)
.
-30uT_5e2Fk&feature




Italiens Ministerpräsident

Berlusconi bei Angriff verletzt (http://www.spiegel.de/panorama/leute/0,1518,666853,00.html)

Silvio Berlusconi wurde nach einem Auftritt in Mailand attackiert. Ein Mann schleuderte ihm eine kleine Statue ins Gesicht. Italiens Ministerpräsident zog sich Verletzungen im Gesicht zu. Der Angreifer wurde festgenommen. mehr... (http://www.spiegel.de/panorama/leute/0,1518,666853,00.html)




Mann bricht Silvio Berlusconi das Nasenbein (http://www.tagesanzeiger.ch/panorama/vermischtes/Mann-bricht-Silvio-Berlusconi-das-Nasenbein/story/23456394)

Ein offenbar seelisch gestörter Mann hat Italiens Ministerpräsident Silvio Berlusconi in Mailand mit Faustschlägen verletzt. Der Premier befindet sich in Spitalpflege. Mehr... (http://www.tagesanzeiger.ch/panorama/vermischtes/Mann-bricht-Silvio-Berlusconi-das-Nasenbein/story/23456394)

// Aktualisiert vor 3 Minuten



Mann schlägt Silvio Berlusconi blutig (http://www.tagesanzeiger.ch/panorama/vermischtes/Mann-bricht-Silvio-Berlusconi-das-Nasenbein/story/23456394)

lunar
13.12.2009, 23:12
Confidential Documents Show How Monsanto Stifles Competition :mad (http://www.huffingtonpost.com/2009/12/13/monsanto-squeezes-out-see_n_390354.html)

http://images.huffingtonpost.com/gen/125987/thumbs/s-MONSANTO-large.jpg (http://www.huffingtonpost.com/2009/12/13/monsanto-squeezes-out-see_n_390354.html)



Quick Read (http://www.huffingtonpost.com/2009/12/13/monsanto-squeezes-out-see_n_390354.html) |
Comments (52) (http://www.huffingtonpost.com/2009/12/13/monsanto-squeezes-out-see_n_390354.html)
| Food Politics (http://www.huffingtonpost.com/news/politics-of-food)
observer100 (http://www.huffingtonpost.com/users/profile/observer100)
Thank You Christopher,

Monsanto has already caused more environmental damage and ruined more lives than all the terrorists known to history. They are the enemies of humanity and ought to be destroyed by any means possible. They are a far greater threat than global warming but we won't hear a thing about it from the likes of Al Gore. Blessings X 10,

lunar
13.12.2009, 23:33
Polnischer Premier klagt Öko- und Pharma- Lobby an

Grippe- Pandemie der Gier und Heuchelei

Tusk schüttete weiter Öl ins Feuer und sagte, dass wenn man von seinem Gewissen und einem gesunden Menschenverstand geleitet werde, es auch einfach sei Recht und Unrecht in Fragen wie dem Kampf gegen die globale Erwärmung oder einen neuen Influenza-Pandemie zu unterscheiden. "Wenn wir Vernunft und Gewissen verwenden, werden wir die Umwelt und das Klima schützen, ohne hierbei die egoistischen Interessen der Wirtschaft bzw. der Öko-Lobby in einigen Ländern zu Diensten zu sein. Wenn wir die Bürger vor Krankheiten schützen wollen, müssen wir auf ihrer Seite stehen, und nicht große pharmazeutische Unternehmen und ihre Interessen vertreten. Es sieht danach aus, dass es heute mehr darauf ankommt eine Grippe- Pandemie der Gier und Heuchelei und das Phänomen der globalen Erwärmung weiter zu schüren, als die eigene Selbstsucht schlagen"- sagte der polnische Ministerpräsident und lässt mit dieser Aussage nicht wenige Staatschef- Gesichter erblassen.

Regierungen betrügen den kleinen Mann

Die angebliche Schweine- und Vogelgrippe, die Milliardenaufwendungen für einen extremen Klimawandel und die angebliche Wirtschaftskrise sind schon seit einiger Zeit in Polen mit einem Fragezeichen versehen. Zumindest was die Grippen und die Wirtschaftskrise angeht, gibt die Entwicklung den Polen Recht, denn von beiden Erscheinungen ist man so gut wie nie konfontiert worden, dies war aber nur möglich, weil Premier Tusk und einige seiner wichtigsten Mitstreiter, grundehrliche Menschen zu sein scheinen, die man ansonsten auf der Welt sicherlich kaum noch findet. Man darf gespannt sein wie lange z.B. die "unfaire" Merkel Regierung in Deutschland z.B. den Betrug mit den angeblichen Grippen noch mitmacht und sogar fördert. Daran können auch Sie dann ermessen, was ihre sog. großen Volksparteien überhaupt noch wert sind. Wir danken Donald Tusk für seine offenen und ehrlichen Worte.

http://polskaweb.eu/politiker-stehen-hinter-klimawandel-krise-und-schweinegrippe-985778735.html

Zum Original-Beitrag (http://showthread.php3?p=1278867#post1278867)
:supi

lunar
14.12.2009, 10:00
Abu Dhabi Agrees To Give Dubai $10 Billion To Cover Debt (http://www.huffingtonpost.com/huff-wires/20091214/ml-dubai-meltdown)

http://images.huffingtonpost.com/gen/123292/thumbs/s-DUBAI-large.jpg (http://www.huffingtonpost.com/huff-wires/20091214/ml-dubai-meltdown)



Quick Read (http://www.huffingtonpost.com/2009/12/13/abu-dhabi-supplies-10-bil_n_390583.html) |
Comments (11) (http://www.huffingtonpost.com/2009/12/13/abu-dhabi-supplies-10-bil_n_390583.html)
| Dubai (http://www.huffingtonpost.com/news/dubai)
.
Prakosh (http://www.huffingtonpost.com/users/profile/Prakosh) http://images.huffingtonpost.com/profiles/9617-2.png?20090417202038 (http://www.huffingtonpost.com/users/profile/Prakosh)

What's a few billions between friends?



ChangeurMind (http://www.huffingtonpost.com/users/profile/ChangeurMind) I am shocked the USA didn't offer it in foreign aid. They give it away to everyone else.... ( ...das war wohl so gemeint :ironie :hihi obwohl's ja nicht zum Lachen ist...:rolleyes)

lunar
14.12.2009, 10:08
Senate Democrats Consider Nightmare Scenario On Health Care (http://www.huffingtonpost.com/2009/12/13/senate-democrats-consider_n_390201.html)

http://images.huffingtonpost.com/gen/125964/thumbs/s-HEALTH-CARE-large.jpg (http://www.huffingtonpost.com/2009/12/13/senate-democrats-consider_n_390201.html)

There is, currently, a nightmare scenario afflicting Democrats on Capitol Hill with regards to health care reform. And it goes like this: Sometime early next week, leadership gets word from the Congressional Budget Office on their latest outline of reform. The legislative language on which they've settled -- the one with the clearest promise yet of getting the votes needed to cut off a Republican filibuster -- has actually scored quite poorly, saving less money over time and covering fewer people than earlier versions of the bill........



Ed Schultz: Senators Should Visit a Free Health Care Clinic to Really See the America They Represent... and Deny (http://www.huffingtonpost.com/ed-schultz/senators-should-visit-a-f_b_389228.html)

....America has a heartless side to it as well. That is demonstrated when U.S. Senators put the God Almighty Dollar in front of people who put them in office......:mad


....wenn's nicht in die eigene Tasche fliesst kriegen die wohl nix auf die Reihe :gomad:gomad:gomad

lunar
14.12.2009, 10:11
...und allen voran :kotzhttp://images.huffingtonpost.com/gen/75926/thumbs/s-JOE-large.jpg

Lieberman Tells Reid To His Face: I'll Vote Against Current Health Care Bill (http://www.huffingtonpost.com/2009/12/13/lieberman-tells-reid-to-h_n_390416.html)

First Posted: 12-13-09 05:33 PM | Updated: 12-13-09 10:41 PM


milkman (http://www.huffingtonpost.com/users/profile/milkman) Joe is the American Judas. Lieberman loyalties are as transparent as any politician who ever held office. Israel and the insurance companies. The Iraq threat to Israel, not America was worth the loss of American lives to Joe, so much so that he sold his soul and spoke at the Republican convention in favor of the surge. You'll notice Joe was nowhere to be seen in the Afghanistan debate because Israel doesn't care about it. Now Joe has sold the rest of his soul, gone republican again, sacrificed countless American lives to placate the insurance industry in his state. Nice going Judas, I mean Joe....hop*e it was worth the 30 pieces of silver to you.

lunar
14.12.2009, 16:06
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Obama Hypocrisy Meter Off The Charts: "I Did Not Run For Office To Be Helping Out A Bunch Of Fat Cat Bankers On Wall Street" (http://www.zerohedge.com/article/obama-hypocrisy-meter-charts-i-did-not-run-office-be-helping-out-bunch-fat-cat-bankers-wall-)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/13/2009 17:59 -0500

"I Did Not Run For Office To Be Helping Out A Bunch Of Fat Cat Bankers On Wall Street. Some people on Wall Street still don't get it" - Barack Obama

Unfortunately, the people on Main Street get it, and at this point they can see right through your ever-escalating hypocrisy.






214 comments (http://www.zerohedge.com/article/obama-hypocrisy-meter-charts-i-did-not-run-office-be-helping-out-bunch-fat-cat-bankers-wall-#comments)
Read more (http://www.zerohedge.com/article/obama-hypocrisy-meter-charts-i-did-not-run-office-be-helping-out-bunch-fat-cat-bankers-wall-)
.
...ob Obama auch mal die comments liest :rolleyes:mad so viele haben die Nase voll von den Sprüchen die nicht der Realität ensprechen :oo

lunar
14.12.2009, 16:15
ozymandius 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=114346) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=114346&level=three) Mon Dec-14-09 06:23 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4183295&mesg_id=4183295) 9. Goldman Fueled AIG Gambles (repost from WEE) http://upload.democraticunderground.com/discuss/images/avatars/earth.gif This found at The Big Picture (http://www.ritholtz.com/blog/2009/12/wsj-goldman-fueled-aig-gambles/).

Excerpt from WSJ article (http://online.wsj.com/article/SB10001424052748704201404574590453176996032.html):“Goldman Sachs Group (GS) played a bigger role than has been publicly disclosed in fueling the mortgage bets that nearly felled American Insurance Group (AIG).

Goldman was one of 16 banks paid off when the U.S. government last year spent billions closing out soured trades that AIG made with the financial firms. A Wall Street Journal analysis of AIG’s trades, which were on pools of mortgage debt, shows that Goldman was a key player in many of them, even the ones involving other banks.

Goldman originated or bought protection from AIG on about $33 billion of the $80 billion of U.S. mortgage assets that AIG insured during the housing boom. That is roughly twice as much as Société Générale and Merrill Lynch, the banks with the biggest exposure to AIG after Goldman, according an analysis of ratings-firm reports and an internal AIG document that details several financial firms’ roles in the transactions.

In Goldman’s biggest deal, it acted as a middleman between AIG and banks, taking on the risk of as much as $14 billion of mortgage-related investments. Then Goldman insured that risk with one trading partner—AIG, according to the Journal’s analysis and people familiar with the trades.Now, would someone explain to me why Goldman got 100 cents on the dollar as a counter-party to AIG via the Bailouts?

If Ron Paul wants to show he has balls, why not go after GS? The Fed is a soft target, and I believe there is almost no one in Congress with the testicular fortitude to demand repayment, and/or threaten a lawsuit on behalf of taxpayers.

more at The Big Picture....

...GS ist und bleibt zum :bad

lunar
14.12.2009, 16:20
bread_and_roses (1000+ posts) http://www.democraticunderground.com/discuss/images/mesg_journal.gif (http://journals.democraticunderground.com/bread_and_roses) http://www.democraticunderground.com/discuss/images/mesg.gif (http://www.democraticunderground.com/discuss/duboard.php?az=send_mesg&u_id=129429) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=129429) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=129429) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=129429&level=three) Mon Dec-14-09 08:19 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4183295&mesg_id=4183295) 15. "Cleaners 'worth more to society' than bankers - study " http://upload.democraticunderground.com/discuss/images/avatars/union.gif (shamelessly stollen from another poster in LBN)

http://news.bbc.co.uk/2/hi/business/8410489.stm?lsf

Hospital cleaners are worth more to society than bankers, a study suggests.

The research, carried out by think tank the New Economics Foundation, says hospital cleaners create £10 of value for every £1 they are paid.

It claims bankers are a drain on the country because of the damage they caused to the global economy.

They reportedly destroy £7 of value for every £1 they earn. Meanwhile, senior advertising executives are said to "create stress".

The study says they are responsible for campaigns which create dissatisfaction and misery, and encourage over-consumption.


Hell, I knew that. The real work of the world is done in over-alls, jeans, smocks, and steel-toed boots. Too bad we worship the suits.

Hoka
14.12.2009, 17:16
Niall Ferguson… (http://economicedge.blogspot.com/2009/12/niall-ferguson.html)

Good interview with Niall. He understands the risks associated with our current level of debt…

lunar
14.12.2009, 19:12
Niall Ferguson… (http://economicedge.blogspot.com/2009/12/niall-ferguson.html)

Good interview with Niall. He understands the risks associated with our current level of debt…

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1279149#post1279149)
merci - ist wirklich :supi

lunar
15.12.2009, 09:07
14 December 2009

The Bankers Summit and Some Significant No-Shows (http://jessescrossroadscafe.blogspot.com/2009/12/bankers-summit-and-some-significant-no.html)


http://4.bp.blogspot.com/_H2DePAZe2gA/SyaSDWDqfMI/AAAAAAAAKyY/hsW60FLD1eM/s400/titanic0025or.jpg (http://4.bp.blogspot.com/_H2DePAZe2gA/SyaSDWDqfMI/AAAAAAAAKyY/hsW60FLD1eM/s1600-h/titanic0025or.jpg) Some White House Banking summit.

A one on one with Jamie Dimon and a few second tier, TARP-bound moneylenders. John Stumpf of Wells Fargo is running late but surely on his way. Tied up signing some last minute foreclosures. The opening topic must be how to spin 26% credit card interest rates as a consumer benefit.

It appears that Goldman's Lloyd Blankfein, John Mack of Morgan Stanley, and Dick Parsons of Citgroup will not be able to make the meeting today with The One regarding executive pay and the failure to lend by the Wall Street Welfare Queens.

The excuses are not the usual: end of year performance reviews, too busy with the office redecorators, trying to settle the tab at Scores, on hold with the Neiman Marcus trophy-wife and office-chippy department, making plans to fix the Superbowl.

Ken Lewis of Bank of America is there. LOL. Trying to pick up an unemployment check and cop a plea.

The boys were flying commerical to show their solidarity with the homeless people who fly coach, and are encountering traffic delays on their flights out of New York to Washington. Reagan National Airport is closed by fog. It doesn't get much more symbolic than that. Are Dulles and BWI are closed too? No. Jeez, these guys don't bother with alternate plans to visit the White House?

"We're sorry Timmy, but frankly the President DID call him a 'fat cat' last night on 60 Minutes. Did you really expect our guy to show up for coffee today like nothing happened? Larry had assured us that he knows his place. Besides, it worked better when he came up to see us the last time anyway."It would be cool to be sitting at the gate with Lloyd. Think he is schmoozing there with the people? "Bagels and coffees for the terminal, on me."

Jamie did not condescend to act the plebe, and flew down in his corporate jet. And we do think Vikram was particularly ballsy in sending a delegate, executive figurehead, with a note that he is too busy negotiating the repayment of TARP in order to secure those year end bonuses for the troops.

Note to Lloyd and John and Dick, if you are traveling commercial from NYC to Washington in the winter, you take the train. And if flying you leave early or come down the night before, with dinner at The Palm. I recommend the peas and onions as your side. Carville hangs at the bar sometimes. He's a fun kind of guy.

It is always iffy when flying into National in the winter, except on Oligarch Express. Even Senators know that, and their feet barely touch the ground when they walk.

The Wall Street boys don't bother to show up for a command performance at the White House on some lame travel excuse, except for house banker and Treasury Secretary to be Jamie. Lloyd doesn't need to be Treasury Secretary because he already has one (http://www.youtube.com/watch?v=TfAwQSk9STI).

This is too good. You can't make this stuff up.


Posted by Jesse at 10:38 AM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/bankers-summit-and-some-significant-no.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1725937319894006726) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=1725937319894006726)
Category: bank bailout (http://jessescrossroadscafe.blogspot.com/search/label/bank%20bailout), financial reform (http://jessescrossroadscafe.blogspot.com/search/label/financial%20reform), political hypocrisy (http://jessescrossroadscafe.blogspot.com/search/label/political%20hypocrisy), Wall Street banks (http://jessescrossroadscafe.blogspot.com/search/label/Wall%20Street%20banks)

:supi

lunar
15.12.2009, 09:16
Propaganda, Western Style: Moscow Memories II (http://jessescrossroadscafe.blogspot.com/2009/12/propaganda-western-style.html)


As regular readers know, Le Proprietaire was doing business in Russia, mostly in Moscow and St. Pete, in the 1990's as part of the overall international business portfolio during his past corporate life.

It was an exciting and somewhat nerve-wracking experience, but one that vividly drove home certain lessons about government, currency, and the resilience of the human spirit that have served well in the following decade. Moscow Memories of 1997 (http://jessescrossroadscafe.blogspot.com/2008/12/moscow-memories-of-1997.html)

I have to admit I was not aware of this series about Russia by the Wall Street Journal, given a long term preference for The Economist and The Financial Times. Thanks to Zero Hedge for bringing this story about it from The Nation (which I would have never read, being a long time conservative) about the Journal and Steve Liesman to light.

As someone involved there I can say that anyone who did not perceive the growing crisis was living in a bubble, or carrying some particularly optimistic slant in their outlook.

The decline of the Russian economy was oppressive, palpable, almost on everyone's mind. Hard to miss, even at the occasional showy party in English thrown by western corporations for an audience largely made up of ex-pats. The move out of the rouble into just about anything else with substance was becomng a groundswell, later to become unstoppable default. Any presentation about a Russian venture in the 1990's had better contain some plans regarding currency risk.

But why bring this up now? Le Cafe has no particular squabble with the Liesman, and since we do not watch CNBC anymore, are largely immune to whatever it is he says that does not appear in a youtube excerpt, generally involving his getting owned by Rick Santelli.

We bring it up because this article below exposes the typical modus operandi of the Western press, now and over the past twenty years. Carry a party line until the situation explodes, cover it up and distract the public with phony debates and verbal circuses, and then back to give breaking coverage of Armageddon, with a twist of shared guilt. No one is to blame.

Can you remember the coverage of the tech bubble of 2000 by the media? Giddy excitement as the numbers climbed higher, with reassurance as they turned down that this was just a temporary setback.

And I will never forget, as the stocks collapsed and people were wiped out, the CNBC regular arrogantly saying "Well, no one FORCED them to buy those stocks."

Keep this in mind, because we are nearing that point again, with the western media reassuring its public that all is well, while the insiders sell, and the grifters and grafters are draining the nation of its wealth, while the propaganda puppets mouth the slogans of the day. And after it blows up, they will shift gears without an afterthought, keeping the public mind moving on, trusting to the collective amnesia of a distracted populace.

As they said on Bloomberg this morning regarding the crisis just passed, 'We are all to blame; the regulators, the government, the rating agencies, the banks, and the public who was apathetic, who failed to act."

And then they moved on to let us know that Ashley Dupre will be providing a weekly advice column in the NY Post. Romance with a financial twist?

The difference here, at least it seems to me, is that the American public is still a believer in what the government says. The Russian people, at least by that time, did not. So perhaps there are a few more good years left.


The Nation
The Journal's Russia Scandal
By Matt Taibbi & Mark Ames
October 4, 1999

Just before Christmas in 1997, as a tumultuous stock-market
crisis ravaged emerging markets in every corner of the globe, readers of the
Wall Street Journal were treated to some good news: Russia was going to emerge
from the mess unscathed. While conceding that "few debt markets outside
Southeast Asia were hit harder by recent financial turmoil than Russia's," the
Journal's Moscow bureau chief, Steve Liesman, added quickly that "many analysts
believe an equally strong rebound may be in the offing." Moreover, Liesman
wrote, investors were rapidly coming to the realization that "Russia's problems
are far different and, for the moment, less dire than those that undermined
Asian economies." The December 16 piece was headlined, "Russian Debt Markets Due
for Rebound."

A few weeks later, Liesman and the Journal used even
stronger language to trumpet Russia's economic merits. They chided investors who
were too busy "fretting over Asia's financial crisis" to notice what they called
"one of the decade's major economic events: the end of Russia's seven-year
recession."

The Journal's prediction was more than a little precipitate.
Instead of getting better, things in Russia got worse. A lot worse. Nine months
after Liesman declared that Russia's debt market was due for a rebound, and just
over seven months after proclaiming the end of the Russian recession, the
Journal--like most US newspapers--found itself having to explain the near-total
collapse of Russia's economy and capital markets...

Read the rest here: The Journal's Russia Scandal (http://www.thenation.com/doc/19991004/taibbli) - Matt Taibbi, The Nation 1999
Posted by Jesse at 9:39 AM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/propaganda-western-style.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4065475687208492285) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=4065475687208492285)
Category: blame for financial crisis (http://jessescrossroadscafe.blogspot.com/search/label/blame%20for%20financial%20crisis), death of monetarism (http://jessescrossroadscafe.blogspot.com/search/label/death%20of%20monetarism), financial corruption (http://jessescrossroadscafe.blogspot.com/search/label/financial%20corruption), financial journalism (http://jessescrossroadscafe.blogspot.com/search/label/financial%20journalism), moscow (http://jessescrossroadscafe.blogspot.com/search/label/moscow)

....und wenn sie nicht gestorben sind - dann glauben sie heute noch :rolleyes

lunar
15.12.2009, 09:25
Fastest Food Inflation Since Riots Means Milk Up 39% (Update1) By Alan Bjerga, Madelene Pearson and Yi Tian

http://www.bloomberg.com/apps/data?pid=avimage&iid=iRngt4SXlEgQ

Dec. 14 (Bloomberg) -- Falling production in commodities from rice to milk is bad news for just about everyone except investors.

Rice may surge 63 percent to $1,038 a metric ton from $638 on Philippine imports (http://www.bloomberg.com/apps/quote?ticker=US42IMPH%3AIND) and a shortage in India, a Bloomberg survey of importers, exporters and analysts showed. The U.S. government says nonfat dry milk may jump 39 percent next year, and JPMorgan Chase & Co. forecasts a 25 percent gain for sugar. Global food costs (http://www.bloomberg.com/apps/quote?ticker=FAOFOODI%3AIND) jumped 7 percent in November, the most since February 2008, four months before reaching a record, according to the United Nations Food and Agriculture Organization.......

.....Food output will need to rise 70 percent in the next four decades as the global population expands to 9.1 billion in 2050 from 6.8 billion, the FAO estimates. Seven nations in sub- Saharan Africa, the world’s most famine-prone region, will see per-capita income fall next year, according to (http://www.un.org/esa/policy/wess/wesp2010files/wesp2010pr.pdf) the UN, fueling an increase in hunger, which the organization now estimates affects 1.02 billion people.

“The politicians had best be able to at least feed their populations or they’re going to have uprisings,” said Jeffrey Saut (http://search.bloomberg.com/search?q=Jeffrey%0ASaut&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), chief investment strategist at Raymond James & Associates in St. Petersburg, Florida, which manages $220 billion. “One of the first things, other than clean water and a toilet, that people want when their per capita income rises is food.”


http://www.bloomberg.com/apps/news?pid=20601068&sid=anmWH3QNomt0

lunar
15.12.2009, 09:59
Louise Yamada :supi

http://watch.bnn.ca/clip246112#clip246112

lunar
15.12.2009, 10:15
Staatshilfen

Wall Street kauft sich von Washington frei (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,667091,00.html)


Mit der Citigroup und Wells Fargo zahlen die letzten US-Großbanken Staatshilfem zurück. Dahinter steckt Kalkül: Jetzt können die Geldkonzerne wieder ungestört agieren und mit satten Boni locken. Washington verliert die Kontrolle über die Finanzwirtschaft - da helfen auch Obamas Standpauken wenig. Von Marc Pitzke, New York mehr... (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,667091,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=9431) ]


16.11.2009, 19:04 emschneider (http://forum.spiegel.de/member.php?u=93304)

Zitat:
Zitat von sysop http://www.spiegel.de/static/forum/images/buttons/viewpost.gif (http://forum.spiegel.de/showthread.php?p=4569682#post4569682)
Ein Jahr nach dem Beinahe-Kollaps der Finanzbranche fassen die Banker wieder Mut: Bei einem Gipfeltreffen in Frankfurt debattierten Ackermann und Co. die Lehren aus der Krise - und mokierten sich vor allem über die Regulierungswut der Regierungen. Haben die Banken Ihrer Meinung nach etwas aus der Krise gelernt? Diskutieren Sie mit!

Was sollen denn Banker lernen wenn denen keinerlei Grenzen gesetzt werden.
Allmachtsfantasien, Überschätzung der eigenen Fähigkeiten gepaart mit Dummheit...
Gelernt ?
Hier haben wir eine Spezies, die Beratungsresistent ist.
Wenn der Obermufti der DB, gelesen in Ihrem Magazin, meint wir haben unsere Aufgaben gemacht !
Die Welt wartet auf das Ergebnis.



16.11.2009, 19:01 hajott59 (http://forum.spiegel.de/member.php?u=16065)

Nein, die haben nichts gelernt.
Warum sollten sie auch? Wenn es eng wird, kommt das große Füllhorn über sie und gut ist!

lunar
15.12.2009, 10:24
Lieberman Wins: Medicare Compromise On Chopping Block (http://www.huffingtonpost.com/2009/12/14/lieberman-medicare-senate-health-care_n_391997.html)

First Posted: 12-14-09 08:04

:kotz


Joe Lieberman has forced his will on the Senate Democratic caucus and the nation as a whole. After the party reached a compromise last week to effectively drop the public option in exchange for allowing 55- to 64-year-olds to buy into Medicare, that compromise is now in doubt.

Lieberman, an independent from Connecticut, told Majority Leader Harry Reid (D-Nev.) on Sunday that he will block any bill that includes the buy-in. As the 60th vote needed to overcome a Republican filibuster, he can do that.

Following a caucus-wide meeting Monday evening, the measure was all but scuttled......




Quick Read (http://www.huffingtonpost.com/2009/12/14/lieberman-medicare-senate-health-care_n_391997.html) |
Comments (6,186) (http://www.huffingtonpost.com/2009/12/14/lieberman-medicare-senate-health-care_n_391997.html)
| Health (http://www.huffingtonpost.com/news/health)
.
melton244 (http://www.huffingtonpost.com/users/profile/melton244)

CT is the birthplace of where Goldman-Saks started the self destruction of our financial world, not surprising it is where our healthcare will be destroyed as well.

lunar
15.12.2009, 10:48
...grauer geht's nimmer :oo und ich muss da rein :rolleyes

lunar
15.12.2009, 15:19
Airtime: document.write(cnbc_video_toDateString(1260883020000)); Tues. Dec. 15 2009 | :17:0 09 ET

Keeping the Federal Reserve accountable, with Rep. Ron Paul, R-Texas and Frederic Mishkin, Columbia University professor.


http://www.cnbc.com/id/15840232?video=1359402302&play=1

lunar
15.12.2009, 15:34
Airtime: document.write(cnbc_video_toDateString(1260882420000)); Tues. Dec. 15 2009 | :07:0 09 ET

Keeping tabs on the Fed and economy, with Rep. Ron Paul, R-Texas and James Paulsen, Wells Capital Mgmt.


http://www.cnbc.com/id/15840232?video=1359388304&play=1

lunar
15.12.2009, 15:38
Airtime: document.write(cnbc_video_toDateString(1260884400000)); Tues. Dec. 15 2009 | :40:0 09 ET

Keeping the Fed accountable, with Sen. Judd Gregg, R-N.H. and Rep. Ron Paul, R-Texas and the Squawk Box crew.

http://www.cnbc.com/id/15840232?video=1359416416&play=1

lunar
15.12.2009, 16:17
BANKERS PUT OBAMA ON HOLD (http://www.nytimes.com/2009/12/15/business/15sorkin.html)

http://images.huffingtonpost.com/gen/126418/thumbs/r-OBAMA-PHONE-huge.jpg (http://www.nytimes.com/2009/12/15/business/15sorkin.html)


President Obama didn't exactly look thrilled as he stared at the Polycom speakerphone in front of him. "Well, I appreciate you guys calling in," he began the meeting at the White House with Wall Street's top brass on Monday.

He was, of course, referring to the three conspicuously absent attendees who were being piped in by telephone: Lloyd C. Blankfein, the chief executive of Goldman Sachs; John J. Mack, chairman of Morgan Stanley; and Richard D. Parsons, chairman of Citigroup.

Read the whole story: nytimes.com (http://www.nytimes.com/2009/12/15/business/15sorkin.html)





Quick Read (http://www.huffingtonpost.com/2009/12/15/wall-street-bankers-put-o_n_392366.html) |
Comments (308) (http://www.huffingtonpost.com/2009/12/15/wall-street-bankers-put-o_n_392366.html)
| Financial Crisis (http://www.huffingtonpost.com/news/wall-street)
.
:rolleyes ....wie lange will er noch mit sich Katz und Maus spielen lassen :rolleyes:confused:mad

lunar
15.12.2009, 17:07
ozymandius 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=114346) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=114346&level=three) Tue Dec-15-09 06:58 AM
Response to Reply #9 (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4184785&mesg_id=4184798) 12. Obama forgot Samuelson when he told fat cats to start lending http://upload.democraticunderground.com/discuss/images/avatars/earth.gif Posted by Edward Harrison

There has been quite a lot of hub-bub today about President Obama’s fat cat remarks and his meeting with bankers exhorting them to lend. Let me tie these events in with a few other themes into a comprehensive picture of what is happening in politics and banking.

In a nutshell, we are getting a bunch of populist rhetoric which is pure politics to induce banks to lend recklessly and save the economy when basic economics would tell you that there is a deficit of lending capacity and demand for credit. It is the absurd kabuki theater of depression economics.
.....

TARP repayments

The President is playing politics of course. And he is using the TARP repayments by Wells and Citi to do so. It is quite crafty, if you asked me.

The message to banks is loud and clear:You bankers are now free of TARP restrictions. That means you have been given a green light by the government to return to business as usual. Under no circumstances should you think this means a return to large bonus payments while everyone else is hurting. I will pillory you with verbal abuse. And while I don’t want to tax you, I may be forced to resort to action. On the other hand, the green light means you had better start lending or you will get the stick.Back in June I warned this is what was likely to occur. When BofA repaid it’s TARP money, I repeated this warning. But now that the President is all but ordering the bankers to lend, the narrative is even more compelling...

Enter Samuelson

That’s where Paul Samuelson enters the picture. The old Keynesian had an interesting twist on depression economics, something Paul Krugman pointed out in an ode to Samuelson today. On page 353-4 of his 1948 textbook, Samuelson writes:Today few economists regard Federal Reserve monetary policy as a panacea for controlling the business cycle. Purely monetary factors are considered to be as much symptoms as causes, albeit symptoms with aggravating effects that should not be completely neglected.

By increasing the volume of their government securities and loans and by lowering Member Bank legal reserve requirements, the Reserve Banks can encourage an increase in the supply of money and bank deposits. They can encourage but, without taking drastic action, they cannot compel. For in the middle of a deep depression just when we want Reserve policy to be most effective, the Member Banks are likely to be timid about buying new investments or making loans. If the Reserve authorities buy government bonds in the open market and thereby swell bank reserves, the banks will not put these funds to work but will simply hold reserves. Result: no 5 for 1, “no nothing,” simply a substitution on the bank’s balance sheet of idle cash for old government bonds.more at Credit Writedowns (http://www.creditwritedowns.com/2009/12/obama-forgot-samuelson-when-he-told-fat-cats-to-start-lending.html)


I watched President Obama's speech that followed his meeting with the Banksters (video at above link - Credit Writedowns (http://www.creditwritedowns.com/2009/12/obama-forgot-samuelson-when-he-told-fat-cats-to-start-lending.html) ). Somber is how Edward Harrison described him. I concur but go further. He evidences someone who does not believe the prepared words he, himself, utters. He appears demoralized.

lunar
15.12.2009, 18:07
15 December 2009

Is the Price of World Silver the Result of Legitimate Market Discovery? (http://jessescrossroadscafe.blogspot.com/2009/12/is-price-of-world-silver-result-of.html)

"...one US bank, JPMorgan, now holds 200 million ounces net short in COMEX silver futures, fully 40% of the entire net short position on the COMEX (minus spreads). As I have previously written, JPMorgan accounted for 100% of all new short selling in COMEX silver futures for September and October, some 50 million additional ounces. As extreme as JPMorgan’s position is, there is a total true net short position of 500 million ounces (100,000 contracts) in COMEX silver futures. Try to put that 500 million ounce short position in perspective. It equals 75% of world annual mine production, much higher than seen in any other commodity.

This makes claims that the COMEX short position represents a legitimate hedge of mine production a lie. The total short position represents almost 100% of the total visible and recorded silver bullion in the world, and 50% of the total one billion ounces thought to exist."

One cannot tell what is truth here easily, because of the still much too opaque nature of the US markets. But I do have a bias here, and I must disclose it up front. I have little confidence in the ability of the US regulators to do their jobs competently, and now approach anything that is said by the Obama administration regarding the financial markets with great skepticism.

In a fair market with transparent and symmetric distribution of key price information the identity of any holders of positions of over 5% of the market would be made known, so that people might understand the character of the market.

Further, any justification for outsized positions would also be made known publicly, and not just to a few insiders or a few regulators who expect to be trusted when past history shows that US regulators cannot be trusted to manage their markets reliably.

If this information about the silver market is indeed true, if J.P. Morgan is this short the silver market and unable to deliver even under duress, then perhaps the US should close down the Comex, because it has shown itself unable to be the price setter for the rest of the world in a metal with such broad industrial usage.

If it is not true, then the CFTC should publish its findings from its latest study of the silver market, and give the public the assurance that there is no manipulation in the silver market, and most importantly, why.

We have little confidence in the Obama Administration these days, which includes CFTC chairman, Clinton Alumni and ex-Goldman partner Gary Gensler as well, despite tough talk about position limits to quell speculation.

"The time for talk is over" should be a general theme in the Obama presidential term. They talk a good game, but never seem to deliver any meaningful reforms already promised, except those that might favor their own special interests.

This is important. It is important because in free markets producers must commit substantial amounts of capital in exploration and production to insure an adequate supply of any industrial commodity. And purchasers and other buyers and investors must be able to make their decisions with confidence.

Other parts of the world are moving towards establishing their own market clearing mechanisms in oil and key commodities outside of the sphere of the Anglo-American exchanges. If London and New York would prefer to continue to see their importance decline, then failing to regain the trust of the world through transparent reform after the enormous scandals that are still shaking world markets and financial systems would be advised, as they continue to do today.

It is not about pay. It is not about worrying that the traders might leave. It is time to show some concern for your customers, and about honest price discovery in a fair market, and making good after you have engaged in a massive fraud which the US and the Wall Street banks seem loathe to discuss when they worry about 'confidence.'

Is Mr. Butler wrong? Good, then show us why, not by belittling him personally, or picking details out of what he says and twisting them to try to undermine the whole of what he has to say.

http://3.bp.blogspot.com/_H2DePAZe2gA/Sye_rbZodDI/AAAAAAAAKyo/dkz49PcEaGA/s400/Silver.png (http://3.bp.blogspot.com/_H2DePAZe2gA/Sye_rbZodDI/AAAAAAAAKyo/dkz49PcEaGA/s1600-h/Silver.png)Show us the market. Show us who is holding the outsized longs and shorts, and what their motivations might be, whether it is a hedging producer, or as an agent for users and who they might be. And who the speculators are, and what limits on speculative manipulation might exist.

What sort of leverage is JPM employing? Are they hedging proven reserves for legitimate customers, or are they shoving prices around the plate using derivatives, simply because they can. It does not reassure us that in the not too distant past the London group of AIG was a major short side speculator in the silver market.

There is too much trading in insider and asymmetric information in the US markets, which is the cause of their opacity and the recent successes of con men, sometimes despite the repeated attempted by whisteblowers to obtain the attention of the regulators to obvious and outrageous frauds.

And as for reassurances that you have conducted a study, with the details withheld, and have in your considered opinion have found nothing amiss, don't make us laugh. After the Madoff Ponzi Scheme, the Enron energy manipulation, and the mortgage CDO scandal, US regulators have amply demonstrated their inability to manage honestly and competently, and at this stage are making amends and regaining confidence, and not dictating terms to a bunch of helpless domestic customers who will continue to accept such shoddy and arrogant treatment.


Extreme Speculation
By Ted Butler

...The main reason for my recurring thoughts that silver trading may be terminated on the COMEX someday is because that exchange is at the heart of the silver manipulation. If we are closer than ever to witnessing the end of the long-term silver manipulation, as I believe, it must mean an end the extreme concentration on the short side of COMEX silver futures. But the concentrated short position in COMEX silver futures is so extreme, that it is hard to imagine how it can be resolved in an orderly manner. The most recent data from the CFTC indicate that one US bank, JPMorgan, now holds 200 million ounces net short in COMEX silver futures, fully 40% of the entire net short position on the COMEX (minus spreads). As I have previously written, JPMorgan accounted for 100% of all new short selling in COMEX silver futures for September and October, some 50 million additional ounces. You have not seen anyone refute those findings, nor is it likely that you will.

So extreme is JPMorgan’s silver short position that it cannot be closed out in an orderly fashion. How could such a large position be closed out quickly, or otherwise, without strongly disturbing the market? If it could be closed out, it is reasonable to assume it would have already been closed out or greatly reduced to avoid the allegations of manipulation it raises. It’s not like the banks are presently universally loved and admired. The intent of anti-concentration guidelines and surveillance is to prevent the precise monopoly that JPMorgan has amassed on the short side of COMEX silver. Having erred egregiously in allowing this concentrated short position to develop, the CFTC is stuck with coming up with a solution to disband it. There is no easy solution.

Further, it is not just JPMorgan’s 200 million ounce COMEX silver short position that threatens the continued orderly functioning of COMEX silver trading. As extreme as JPMorgan’s position is, there is a total true net short position of 500 million ounces (100,000 contracts) in COMEX silver futures. Try to put that 500 million ounce short position in perspective. It equals 75% of world annual mine production, much higher than seen in any other commodity. This makes claims that the COMEX short position represents a legitimate hedge of mine production a lie. The total short position represents almost 100% of the total visible and recorded silver bullion in the world, and 50% of the total one billion ounces thought to exist. These are truly preposterous amounts. By comparison, the net total short position in COMEX gold futures, admittedly no slouch in the short category, represents a little over 2% of the gold bullion that exists (45 million oz total net COMEX short position versus 2 billion oz). When it comes to the amount of real material, or mine production, in the world backing up the COMEX silver short position, the word “inadequate” takes on new meaning.

Because of the extreme mismatch between what is held short on the COMEX and what exists or could be produced to be potentially delivered against the short position, a very dangerous market situation exists. It is this dangerous situation that haunts me and causes me to contemplate a closing of the COMEX silver market. It has to do with what I see developing in the silver physical market and by putting myself in the other guy’s shoes. The other guy, in this case, is Gary Gensler, chairman of the CFTC.

It seems to me that there may be real stress in the wholesale physical silver market. All the factors I look at, including flows into ETFs, the shorting of SLV, the decline in COMEX silver inventories, the strong retail and institutional investment demand in silver, the now growing world industrial demand, etc., suggest tightness and the potential for a silver shortage like never before. This, in essence, is the real silver story. In spite of a large and growing concentrated short position, the price of silver suggests that it is the manipulation that is under stress. At some point, a physical silver shortage will destroy any amount of paper short selling. We may be very close to that point.

When the silver shortage hits, the price will explode. On this, there is no question. Industrial users, at the very first sign of delay in silver shipments, will immediately buy or try to buy more silver than they normally buy, in order to protect against future operation-interrupting delays. This is just human nature. The world has never experienced a true silver shortage ever, so the price impact is clearly unknown. I’ll try not to overstate how high I think the price will go in a true silver shortage and how quickly it will occur, so that I don’t sound too extreme. But the price move will give new meaning to “high” and “fast.”

Please remember, I am only talking of the price impact of the industrial users scrambling to secure silver supplies for their operations. This has always been my “doomsday machine” future silver price event. I am not speaking of new investment demand or short covering. Users, anxious to keep their assembly lines running and their workers employed will care less about price and more about availability and actual delivery. The users will buy with an urgency and reckless abandon rarely witnessed. That the price explosion caused by user buying will destroy the shorts is beyond doubt. So certain and devastating will be this destruction, that you must start asking questions as to what the regulatory reaction is likely to be. This is where you must try to put yourself in the other guy’s shoes. When the industrial silver shortage hits and prices explode, what would you do if you were Chairman Gensler?...

Read the rest of this here (http://news.silverseek.com/SilverSeek/1260816780.php).

Posted by Jesse at 11:03 AM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/is-price-of-world-silver-result-of.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2739268685614708927)

lunar
15.12.2009, 19:24
Vorratsdaten-Gesetz in Karlsruhe: Freiheit gegen Sicherheit?

Regierung verteidigt Massenspeicherung - Kritiker sprechen von "Dammbruch"

Die Massenspeicherung von Telefondaten auf Vorrat steht seit heute in Karlsruhe auf dem Prüfstand. 35.000 Kläger wollen das Gesetz kippen. Dabei gehe es grundsätzlich um das Verhältnis von Freiheit und Sicherheit, sagte Gerichtspräsident Papier.....

..... Der Datenschutzbeauftragte Peter Schaar erklärte, er habe mit Erschrecken festgestellt, dass viel mehr Daten gespeichert würden als vorgeschrieben. Ein großer deutscher Anbieter etwa speichere im 15-Minuten-Takt den Aufenthaltsort von Smartphone-Besitzern, auch wenn diese die Geräte nicht nutzten. Nach Schaars Analyse lassen sich so Bewegungsprofile über sechs Monate erstellen.......

ganzer Artikel: http://www.heute.de/ZDFheute/inhalt/31/0,3672,7960319,00.html

:rolleyes http://www.orwell-staat.de/cms/img/borg.jpg :mad

lunar
15.12.2009, 21:16
15 December 2009

Is the US Financial Crisis Over? (http://jessescrossroadscafe.blogspot.com/2009/12/is-us-recession-over.html)


This frankness and honest statement of the situation is the reason that Paul Volcker, one of the most credible advisors in the Obama Administration, is a marginalized voice as compared to Larry Summers and The Stooge (http://jessel.100megsfree3.com/goofy_tim_geithner.jpg). Ironic, because only by assuming Volcker's leadership style can the US President hope to get his country out of this cycle of monetary bubbles, systemic fragility, and chronic imbalances driven by an outsized, counterproductive financial sector.


DER SPIEGEL: But even though there are still more people being fired than hired, the Chairman of the Federal Reserve Ben Bernanke is saying that the recession is technically over. Do you agree with him?

Paul Volcker: You know, people get very technical about these things. We had a quarter of increased growth but I don't think we are out of the woods.

SPIEGEL: You expect a backlash?

Volcker: The recovery is quite slow and I expect it to continue to be pretty slow and restrained for a variety of reasons and the possibility of a relapse can't be entirely discounted. I'm not predicting it but I think we have to be careful.

SPIEGEL: What is the difference between this deep recession and all the other recessions we have seen since World War II?

Volcker: What complicates this situation, as compared to the ordinary garden variety recession, is that we have this financial collapse on top of an economic disequilibrium. Too much consumption and too little investment, too many imports and too few exports. We have not been on a sustainable economic track and that has to be changed. But those changes don't come overnight, they don't come in a quarter, they don't come in a year. You can begin them but that is a process that takes time. If we don't make that adjustment and if we again pump up consumption, we will just walk into another crisis.

SPIEGEL: The US has not yet instituted any kind of reform policy. What we see is the government and the Federal Reserve pouring money into the economy. If one looks beyond that money, one sees that the economy is in fact still shrinking.

Volcker: What should I say? That's right. We have not yet achieved self-reinforcing recovery. We are heavily dependent upon government support so far. We are on a government support system, both in the financial markets and in the economy...The rest of the interview can be read here (http://www.spiegel.de/international/business/0,1518,666757,00.html)


Posted by Jesse at 1:49 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/is-us-recession-over.html)
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Category: blame for financial crisis (http://jessescrossroadscafe.blogspot.com/search/label/blame%20for%20financial%20crisis), financial engineering (http://jessescrossroadscafe.blogspot.com/search/label/financial%20engineering), financial reform (http://jessescrossroadscafe.blogspot.com/search/label/financial%20reform), sustainable recovery (http://jessescrossroadscafe.blogspot.com/search/label/sustainable%20recovery), volcker (http://jessescrossroadscafe.blogspot.com/search/label/volcker)

lunar
15.12.2009, 21:53
Boeings Hoffnungsjet

"Dreamliner" startet zum Jungfernflug

Es gab zahlreiche technische Pannen, es gab Lieferschwierigkeiten, doch nun hob die neue Boeing zum Jungfernflug ab - mit dreijähriger Verspätung.


Boeing will mit dem Erstflug seines krisengeplagten Hoffnungsträgers 787 "Dreamliner" die Pannenserie bei dem neuartigen Flugzeug hinter sich lassen. Der Jungfernflug am Dienstagabend in Everett nahe Seattle soll alle Zweifel ausräumen.....

ganzer Artikel: http://www.zeit.de/wirtschaft/2009-12/dreamliner-jungfernflug

lunar
16.12.2009, 09:09
Christmas At Arlington National Cemetary (http://goldtent.net/wp_gold/2009/12/15/christmas-at-arlington-national-cemetary/)

by Farmboy @ 17:20 pm.
Just got this in an Email, thought I would pass it along. Wonder why the Media never covers this event?

http://goldtent.net/wp_gold/wp-content/uploads/2009/12/arlington.jpg (http://goldtent.net/wp_gold/wp-content/uploads/2009/12/arlington.jpg)

Readers may be interested to know that these wreaths — some 5,000 — are donated by the Worcester Wreath Co. of Harrington, Maine.

The owner, Merrill Worcester, not only provides the wreaths, but covers the trucking expense as well. He’s done this since 1992.

A wonderful guy. Also, most years, groups of Maine school kids combine an educational trip to DC with this event to help out.

Making this
even more remarkable is the fact that Harrington is in one the poorest parts of the state.

http://goldtent.net/wp_gold/wp-content/uploads/2009/12/arlington-02.jpg (http://goldtent.net/wp_gold/wp-content/uploads/2009/12/arlington-02.jpg)

Rest easy, sleep well my brothers.
Know the line has held, your job is done.
Rest easy, sleep well.
Others have taken up where you fell, the line has held.
Peace, peace, and farewell…


.....leider haben diese Soldaten nichts davon :( sie möchten wohl doch lieber leben....

lunar
16.12.2009, 09:24
15 December 2009

$38 Billion Tax Break Granted to Citigroup to Help Improve the TARP Results (http://jessescrossroadscafe.blogspot.com/2009/12/38-billion-tax-cut-granted-by-irs-to.html)


http://4.bp.blogspot.com/_H2DePAZe2gA/SyhPFJwFOcI/AAAAAAAAKzo/Gkgld7gQcew/s320/change-we-can-believe-in.jpg (http://4.bp.blogspot.com/_H2DePAZe2gA/SyhPFJwFOcI/AAAAAAAAKzo/Gkgld7gQcew/s1600-h/change-we-can-believe-in.jpg) Maybe it's a mistake. Did Timmy have time to run their return on TurboTax?

Well, at least it will make the results of the TARP program look better on paper if it drives up Citi's stock price by inflating their financial results. That's a plus, right?

I guess raising the credit card rates to 26% and free money from Ben was not enough to push Citi over its capital objectives in time for bonus season. We'll all have to really tighten our belts for this one.

Change you can believe in.

Washington Post (http://www.washingtonpost.com/wp-dyn/content/article/2009/12/15/AR2009121504534.html)
Citigroup gains massive tax break in deal with IRS
By Binyamin Appelbaum
Tuesday, December 15, 2009; 8:05 PM

The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis.

The Internal Revenue Service on Friday issued an exception to longstanding tax rules for the benefit of Citigroup and the few other companies partially owned by the government. As a result, Citigroup will be allowed to retain $38 billion in tax breaks that otherwise would decline in value when the government sells its stake to private investors.

While the Obama administration has said taxpayers likely will profit from the sale of the Citigroup shares, accounting experts said the lost tax revenue could easily outstrip those profits.

The IRS, an arm of the Treasury Department, has changed a number of rules during the financial crisis to reduce the tax burden on financial firms. The rule changed Friday also was altered last fall by the Bush administration to encourage mergers, letting Wells Fargo cut billions from its tax bill by buying the ailing bank Wachovia.

"The government is consciously forfeiting future tax revenues. It's another form of assistance, maybe not as obvious as direct assistance but certainly another form," said Robert Willens, an expert on tax accounting who runs a firm of the same name. "I've been doing taxes for almost 40 years and I've never seen anything like this where the IRS and Treasury acted unilaterally on so many fronts."

Treasury officials said the most recent change was part of a broader decision initially made last year to shelter companies that accepted federal aid under the Troubled Assets Relief Program from the normal consequences of such an investment. Officials also said that the ruling benefited taxpayers because it made shares in Citigroup more valuable and asserted that without the ruling, Citigroup could not have repaid the government at this time. (Thank God. Just in time for prime bonus season - Jesse)

http://2.bp.blogspot.com/_H2DePAZe2gA/SyhVf9k0wKI/AAAAAAAAKz4/gByMJ-oGX3k/s320/Turbo-Tax-Tim.jpg (http://2.bp.blogspot.com/_H2DePAZe2gA/SyhVf9k0wKI/AAAAAAAAKz4/gByMJ-oGX3k/s1600-h/Turbo-Tax-Tim.jpg) "This guidance is the part of the administration's orderly exit from TARP," said Treasury spokeswoman Nayyera Haq. "The guidance prevents the devaluing of common stock Treasury holds in TARP recipients. As a result, Treasury can receive a higher price for this stock, which will benefit the financial system and taxpayers." (George Orwell would have fun with this one. Let's give them a lot more money, so that when they give some back it will make our government program look better - Jesse)

Congress, concerned that the Treasury was rewriting tax laws, passed legislation earlier this year reversing the ruling that benefited Wells Fargo and restricting the ability of the IRS to make further changes. A Democratic aide to the Senate Finance Committee, which oversees federal tax policy, said the Obama administration had the legal authority to issue the new exception, but Republican aides to the committee said they were reviewing the issue.

A senior Republican staffer also questioned the government's rationale. "You're manipulating tax rules so that the market value of the stock is higher than it would be under current law," said the aide, speaking on condition of anonymity. "It inflates the returns that they're showing from TARP and that looks good for them." (And a nice accomplishment for Timmy's year end performance review - Jesse)

Read the rest here. (http://www.washingtonpost.com/wp-dyn/content/article/2009/12/15/AR2009121504534.html)


Posted by Jesse at 9:39 PM:verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/38-billion-tax-cut-granted-by-irs-to.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=6906922132069790291) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=6906922132069790291)
Category: bank bailouts (http://jessescrossroadscafe.blogspot.com/search/label/bank%20bailouts), financial reform (http://jessescrossroadscafe.blogspot.com/search/label/financial%20reform), TARP (http://jessescrossroadscafe.blogspot.com/search/label/TARP), Tax Breaks (http://jessescrossroadscafe.blogspot.com/search/label/Tax%20Breaks)

lunar
16.12.2009, 09:44
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
QB Asset Management Rips Apart Roubini's "Spam Is More Valuable Than Gold" Thesis (http://www.zerohedge.com/article/qb-asset-management-rips-apart-roubinis-spam-more-valuable-gold-thesis)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/15/2009 18:27 -0500

"Late last week, Nouriel Roubini, the current go-to bubble diviner, published a report entitled, “The New Bubble in the Barbaric Relic that is Gold”. The report is scheduled to be released to the general public tomorrow, December 15. We have read the report and we disagree with its conclusion. In fact, our ongoing analysis indicates gold’s terminal value in this cycle will be multiples higher than current pricing." - QB Asset Management

58 comments (http://www.zerohedge.com/article/qb-asset-management-rips-apart-roubinis-spam-more-valuable-gold-thesis#comments)
Read more (http://www.zerohedge.com/article/qb-asset-management-rips-apart-roubinis-spam-more-valuable-gold-thesis)
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http://d1.scribdassets.com/ScribdViewer.swf?document_id=24147207&access_key=key-gjm42hobqj9cbyuzevh&page=1&version=1&viewMode=list

lunar
16.12.2009, 10:12
Gipfel in Kopenhagen

Europäer stellen Klimaversprechen in Frage (http://www.spiegel.de/politik/ausland/0,1518,667322,00.html)

Beim Klimagipfel in Kopenhagen droht ein dramatischer Rückschritt. Eigentlich wollte die Europäische Union ihren CO2-Ausstoß bis 2020 um 30 Prozent senken - doch laut "FTD" haben EU-Unterhändler bereits eine Rückzugsposition vorbereitet. Grund ist offenbar die starre Haltung Chinas und der USA. mehr... (http://www.spiegel.de/politik/ausland/0,1518,667322,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=9176) ]

.....ausser Spesen nix gewesen :confused:rolleyes

lunar
16.12.2009, 14:59
http://img.cash.ch/news/orig/4655_Achten%5FPeter%5FKolumne.gif Kolumne

Peter Achten, Asienkorrespondent

Chinas magische Zahl 8

Makro-ökonomisch gesprochen wird in China Ende Jahr abgerechnet. Mister Li sitzt wie im Sommer zum Frühstück in der Goldfischgasse bei der Dongsi-Strasse im Zentrum Pekings, isst frittierte Teigstangen und schlürft dazu Soja-Milch. Nur eben jetzt - bei vier Grad unter Null - wie alle andern Gäste dick vermummt. Und wie im Sommer ist er noch immer überzeugt, dass das Schlimmste der Wirtschaftsdelle im Reich der Mitte dank der klugen Konjunkturpolitik der Zentralregierung überwunden ist und das BIP-Wachstum locker das angestrebte Minimum von 8 Prozent erreichen wird. Von der Arbeitslosenrate von 9,7 Prozent will er nichts wissen.

Doch magisch ist nur die Zahl 8 und zwar deshalb, weil nach Ansicht chinesischer Ökonomen 8 Prozent das Minimum sind, um die jährlich neun Millionen neuen Arbeitsplätze zu schaffen. Das jedoch ist eine Rationalisierung und nur die halbe Wahrheit. Der grosse Revolutionär und Reformer Deng Xiaoping hat zu Beginn der Reform seine Wirtschaftsberater gefragt, wie viel Wachstum denn nötig sei, um Chinesinnen und Chinesen bis ins Jahr 2050 zu «bescheidenem Wohlstand» zu verhelfen. Die Antwort war: 8 Prozent. Die magische Zahl taucht seither jedes Jahr in jeder Studie, jeder Prognose, jedem Zeitungsartikel und in jedem Vortrag auf.

Das Interessante am Jahr 2009 freilich wird eh nicht die magische Glückszahl 8 sein. Viel spannender ist der ökonomische und philosophische Diskurs, der ein wieder gewonnenes Selbstvertrauen Chinas widerspiegelt. Nach dem planwirtschaftlichen Modell der Sowjets, so das Räsonement, hat mit der Finanzkrise auch der westliche Kapitalismus abgewirtschaftet. Die sozialistische Marktwirtschaft chinesischer Prägung finde in den Schwellen- und Entwicklungsländern immer mehr Anhänger. In der sich bildenden neuen Weltwirtschaftsordnung müsse deshalb China mehr Gewicht bekommen.

Dass die meisten dieser Ökonomen, Philosophen und Denker an westlichen Elite-Universitäten studiert haben, sei nur am Rande vermerkt. Im Westen aber täte man in den kommenden zehn Jahren gut daran, sich mit diesem neuen Denken vertraut zu machen. Bis jetzt allerdings ist nichts dergleichen festzustellen. Leider.

Ein Frühstück im Freien bei minus vier Grad mit Mister Li, Liu, Wang oder Zhang wäre für westliche Intellektuelle, Politiker und Geschäftsleute eben manchmal hilfreicher als an der Wärme an wohlbehüteten Foren teilzunehmen.

http://www.cash.ch/news/kolumne/chinas_magische_zahl_8-852949-567

lunar
16.12.2009, 15:03
...leider :rolleyes

lunar
16.12.2009, 15:09
ozymandius 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=114346) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=114346&level=three) Wed Dec-16-09 05:52 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4186375&mesg_id=4186375) 4. Oh my. http://upload.democraticunderground.com/discuss/images/avatars/earth.gif Abu Dhabi seeks to terminate Citi stock purchase

NEW YORK – Citigroup Inc. said Tuesday that the Abu Dhabi Investment Authority has filed a claim against the bank seeking to either terminate a deal to buy $7.5 billion worth of its stock or receive damages of more than $4 billion.
.....

The fund received equity units that paid a high annual dividend. The units were to be converted into Citigroup common shares at a price of up to $37.24 a share between March 15, 2010, and Sept. 15, 2011, making the fund one of Citi's largest shareholders with a 4.9 percent stake.
.....

Since the end of November 2007, Citi shares have tumbled 89 percent from the $33 range to less than $4. At $37.24 per share, the conversion price would amount to more than 10 times Citi's closing stock price Tuesday of $3.56.

The fund's arbitration claim, filed in New York, alleges "fraudulent misrepresentations" in connection with the sale.
http://news.yahoo.com/s/ap/20091216/ap_on_bi_ge/us_citi... (http://news.yahoo.com/s/ap/20091216/ap_on_bi_ge/us_citigroup_abu_dhabi)



Demeter http://www.democraticunderground.com/discuss/images/donor.gif (1000+ posts) http://www.democraticunderground.com/discuss/images/mesg_journal.gif (http://journals.democraticunderground.com/Demeter) http://www.democraticunderground.com/discuss/images/mesg.gif (http://www.democraticunderground.com/discuss/duboard.php?az=send_mesg&u_id=131994) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=131994) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=131994) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=131994&level=three) Wed Dec-16-09 08:42 AM
Response to Reply #4 (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4186375&mesg_id=4186382) 21. Amazing http://www.democraticunderground.com/discuss/images/transparent.gif Edited on Wed Dec-16-09 08:43 AM by Demeter
Bet if Obama wanted to shut Citi down, he'd have at least one world power behind him....

You know, they will simply pump the drug into Citi, trying to reflate it with cheap money and hot air.


....da könnte Obama wirklich einmal ein Exempel statuiren :rolleyes

lunar
16.12.2009, 16:33
As Goldman Thrives, Some Say an Ethos Has Faded


By JENNY ANDERSON (http://topics.nytimes.com/top/reference/timestopics/people/a/jenny_anderson/index.html?inline=nyt-per)
Published: December 15, 2009

Just over a week ago, on the evening of Dec. 7, Lloyd C. Blankfein (http://topics.nytimes.com/top/reference/timestopics/people/b/lloyd_c_blankfein/index.html?inline=nyt-per) hosted a reunion of one of the most elite clubs in American finance: former partners of Goldman Sachs (http://topics.nytimes.com/top/news/business/companies/goldman_sachs_group_inc/index.html?inline=nyt-org), the Wall Street giant he has led, with remarkable and controversial success, since 2006......


....But even people close to Goldman acknowledge that as long as the bank is making a lot of money, public opinion does not matter all that much......:rolleyes

full story: http://www.nytimes.com/2009/12/16/business/16goldman.html?_r=1&ref=business

....Hauptache der Schekel rollt :mad

lunar
16.12.2009, 16:40
(http://www.spiegel.de/video/video-1037501.html)Proteste beim Klimagipfel

Frost, Frust und Festnahmen (http://www.spiegel.de/wissenschaft/natur/0,1518,667435,00.html)

Das Wetter ist schlecht, die Stimmung auch: Zahllose Gipfelteilnehmer in Kopenhagen sehen sich von den Verhandlungen ausgeschlossen. Ihre Wut entlädt sich in Protesten und Scharmützeln mit der Polizei. Dem Klimatreffen droht ein schwerer Imageschaden. Aus Kopenhagen berichten Christoph Seidler und Gerald Traufetter mehr... (http://www.spiegel.de/wissenschaft/natur/0,1518,667435,00.html) [ Video (http://www.spiegel.de/video/video-1037501.html) | Forum (http://forum.spiegel.de/showthread.php?t=9176) ]

....und die Polizei kniet den Demonstranten auf dem Rücken - obwohl man mittlerweile weiss, dass das zum Tod führen kann :mad (wie erst kürzlich in der Schweiz geschehen)

lunar
16.12.2009, 16:47
Prozess gegen Rentnerin

82-jährige Rollstuhlfahrerin dealte mit Heroin (http://www.spiegel.de/panorama/justiz/0,1518,667422,00.html)

Ihr Sohn war in Nürnberg ein stadtbekannter Junkie und Drogendealer. Als er ins Gefängnis wanderte, übernahm Christa K. seinen Rauschgifthandel und erwirtschaftete innerhalb von drei Monaten einen Umsatz von 16.400 Euro. Jetzt wurde die im Rollstuhl sitzende 82-Jährige verurteilt. Von Julia Jüttner mehr... (http://www.spiegel.de/panorama/justiz/0,1518,667422,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=9979&goto=newpost) ]




.....ja was soll man dazu sagen :confused jetzt dealt eben jemand anderer, vielleicht skrupelloser als die alte Mutter :oo

lunar
16.12.2009, 17:41
http://www.nposolution.com/epaper/taz/logon.gif


Im Rampenlicht

Monsanto erhält Anti-Umwelt-Preis

(Bloomberg) Parallel zum Klimagipfel in Kopenhagen wurde dem US-Konzern Monsanto die «Zornige Meerjungfrau» verliehen. Der Preis richtet sich nach Angaben der Umweltschutzorganisation Friends of the Earth an Unternehmen, die durch ihre Aktivitäten gegen den Klimaschutz arbeiten. Monsanto ist der weltgrösste Saatguthersteller und bietet auch genetisch veränderte Produkte an.

Laut der Organisation haben knapp 10 000 Menschen über die Vergabe des Preises abgestimmt. Auf Monsanto seien dabei 37 Prozent der Stimmen entfallen, gefolgt vom europäischen Ölkonzern Royal Dutch Shell mit 18 Prozent und dem American Petroleum Institute mit 14 Prozent. Bei der Abstimmung ging es darum, ein Unternehmen oder eine Lobby-Gruppe herauszustellen.

Bekannt gegeben wurde die Entscheidung von Naomi Klein, der Autorin des Buches «Die Schock-Strategie, Der Aufstieg des Katastrophen-Kapitalismus». «Wir outen die Lobbyisten. Wir versuchen, sie ins Licht der Öffentlichkeit zu zerren», sagte sie in Kopenhagen, wo Vertreter von 190 Ländern an einem Abkommen zur Reduzierung von Treibhausgasen arbeiten.

Die Aktie von Monsanto tendierte am Dienstag schwächer. Seit Jahresbeginn hat sie aber etwa ein Sechsel an Wert hinzugewonnen.


http://epaper3.tagesanzeiger.ch/ee/taz/ges/2009/12/16/051/

....leider ist das denen piepegal :gomad

lunar
16.12.2009, 17:43
Die Kokosnuss als Haus.

Wissenschaftler haben in Indonesien einen Oktopus entdeckt, der Kokosnussschalen einsammelt und zur späteren Verwendung als Behausung mitnimmt. Dieses ungewöhnliche Verhalten werten die australischen Forscher als ersten Hinweis darauf, dass wirbellose Tiere zum Werkzeuggebrauch fähig sind. :supi

http://epaper3.tagesanzeiger.ch/ee/taz/ges/2009/12/16/014/

lunar
16.12.2009, 18:02
SOMEBODY LOVES HIM (http://www.huffingtonpost.com/2009/12/16/ben-bernanke-time-person_n_393824.html) (...I don't :oo )

http://images.huffingtonpost.com/gen/126770/thumbs/r-BERNANKE-large.jpg (http://www.huffingtonpost.com/2009/12/16/ben-bernanke-time-person_n_393824.html)


Ben Bernanke: On The Verge Of Being Stripped Of All Consumer Protection Authority... (http://www.huffingtonpost.com/2009/12/11/house-passes-financial-re_n_389267.html) Widely Viewed As Favoring Wall Street Over Main Street... (http://www.huffingtonpost.com/2009/12/16/americans-think-federal-r_n_393789.html)
And TIME's Person Of The Year: 'The Most Powerful Nerd On The Planet' (http://www.time.com/time/specials/packages/article/0,28804,1946375_1947251,00.html)







Quick Read (http://www.huffingtonpost.com/2009/12/16/ben-bernanke-time-person_n_393824.html) |
Comments (http://www.huffingtonpost.com/2009/12/16/ben-bernanke-time-person_n_393824.html)
| Ben Bernanke (http://www.huffingtonpost.com/news/ben-bernanke)
.
:dumm

lunar
16.12.2009, 19:20
VULKAN MAYON

Angst vor der Lava

Tausende Einwohner im Umkreis des Vulkans Mayon evakuiert

AP - 15.12.2009 Foto: AP/Nelson Salting

Der Vulkan Mayon in der philippinischen Provinz Albay spuckt Lava und Asche und steht möglicherweise vor einem Ausbruch. Die Behörden begannen am Dienstag mit der Evakuierung tausender Einwohner im Umkreis von acht Kilometern des aktivsten Vulkans der Region. Ein Katastrophenschützer, Jukes Salceda, sagte, die Evakuierten müssten wahrscheinlich Weihnachten in Schutzzentren statt Zuhause feiern. „Es ist schwierig und traurig, besonders für die Kinder“, fügte er hinzu.......

ganzer artikel: http://www.epochtimes.de/articles/2009/12/15/527481.html

lunar
16.12.2009, 19:38
...und Jesse zu dem Mann des Jahres :rolleyes

16 December 2009

Time's Man of the Year: In Ben We Trust (http://jessescrossroadscafe.blogspot.com/2009/12/in-ben-we-trust.html)


http://1.bp.blogspot.com/_H2DePAZe2gA/SykKN9Fan5I/AAAAAAAAK0I/czFARE_AJu8/s400/timebenny.jpg (http://1.bp.blogspot.com/_H2DePAZe2gA/SykKN9Fan5I/AAAAAAAAK0I/czFARE_AJu8/s1600-h/timebenny.jpg)

Flashback: Ben's Award Winning Performance Begins....


R1X6RQLZtoA&feature


Coming Soon: Ben Burns the Big Pile of Money...

http://1.bp.blogspot.com/_H2DePAZe2gA/SykQrp8nQFI/AAAAAAAAK0Q/u9pRfReow10/s400/benburningmoney.jpg (http://1.bp.blogspot.com/_H2DePAZe2gA/SykQrp8nQFI/AAAAAAAAK0Q/u9pRfReow10/s1600-h/benburningmoney.jpg)

Posted by Jesse at 11:26 AM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/in-ben-we-trust.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=5084892130290216183) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=5084892130290216183)
Category: What Does Not Kill Us Makes Us Stranger (http://jessescrossroadscafe.blogspot.com/search/label/What%20Does%20Not%20Kill%20Us%20Makes%20Us%20Stranger)

.....warum so oft die Hände zum Gebet :confused wegen des Unheils welches er über die Finanzwirtschaft gebracht hat :rolleyes:mad

lunar
16.12.2009, 19:50
Ackermann und Dougan unter den fünf mächtigsten Bankern der Welt (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Ackermann-und-Dougan-unter-den-fuenf-maechtigsten-Bankern-der-Welt/story/17016622)

http://files.newsnetz.ch/story/1/7/0/17016622/17/teaserbreit.jpg (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Ackermann-und-Dougan-unter-den-fuenf-maechtigsten-Bankern-der-Welt/story/17016622) Ein einflussreiches Branchenmagazin hat die wichtigsten Investmentbanker der Welt erkoren. Der Schweizer Joseph Ackermann belegt den dritten Rang. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Ackermann-und-Dougan-unter-den-fuenf-maechtigsten-Bankern-der-Welt/story/17016622)

// Aktualisiert vor 30 Minuten

.....i gitt :bad hinter James Dimon und Lloyd Blancfein - mit denen in einem Atemzug genannt werden ist sicherlich nicht erstrebenswert :rolleyes:oo

lunar
16.12.2009, 19:55
Schweiz nimmt Guantánamo-Häftling auf (http://www.tagesanzeiger.ch/schweiz/standard/Schweiz-nimmt-GuantnamoHaeftling-auf/story/25551945)

http://files.newsnetz.ch/story/2/5/5/25551945/33/teasermedium.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Schweiz-nimmt-GuantnamoHaeftling-auf/story/25551945) Die Schweiz nimmt einen Guantánamo-Häftling auf. Dies hat der Bundesrat am Mittwoch entschieden. Beim Häftling handelt es sich um einen Usbeken, leben wird er im Kanton Genf. Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/Schweiz-nimmt-GuantnamoHaeftling-auf/story/25551945)

...na ja zumindest einen - bis jetzt :rolleyes

Aktualisiert um 16:21 Uhr

lunar
16.12.2009, 20:04
...bisschen Erholung :)

lunar
16.12.2009, 21:58
Democrats Lash Out At Obama Over Health Care Disappointments (http://www.huffingtonpost.com/2009/12/16/democrats-lash-out-at-oba_n_394424.html)

The Huffington Post | Rachel Weiner
First Posted: 12-16-09 01:40 PM | Updated: 12-16-09 03:45 PM


http://images.huffingtonpost.com/gen/126893/thumbs/s-OBAMA-large.jpg



http://www.huffingtonpost.com/images/sidebar/comments.gif Comments

(http://www.huffingtonpost.com/2009/12/16/democrats-lash-out-at-oba_n_394424.html#comments)
Congressional Democrats are starting to voice their anger at President Obama over the way health care legislation has been compromised, blaming him for not fighting harder.

"The president keeps listening to Rahm Emanuel," said Rep. John Conyers (D-Mich.) (http://www.rollcall.com/issues/55_71/news/41606-1.html?type=printer_friendly). "No public option, no extending Medicare to 55, no nothing, an excise tax, God!" he exclaimed about the Senate health care bill to Roll Call. "The insurance lobby is taking over."

Rep. Dave Obey (D-Wis.), told (http://www.politico.com/news/stories/1209/30648.html) Politico of Senate delays, "It's ridiculous, and the Obama administration is sitting on the sidelines. That's nonsense."*

While many House Democrats have expressed anger with the Senate for the watered-down bill, Rep. Anthony Weiner (D-N.Y.) argued that it was really Obama who let centrists take control (http://theplumline.whorunsgov.com/health-care/congresssional-dems-begin-pinning-blame-for-health-care-failure-squarely-on-obama/). "Snowe? Stupak? Lieberman? Who left these people in charge?" he said. "It's time for the president to get his hands dirty. Some of us have compromised our compromised compromise. We need the president to stand up for the values our party shares. We must stop letting the tail wag the dog of this debate.".....


http://www.huffingtonpost.com/2009/12/16/democrats-lash-out-at-oba_n_394424.html


HarryP (http://www.huffingtonpost.com/2009/12/16/democrats-lash-out-at-oba_n_394424.html)[/url]
http://images.huffingtonpost.com/profiles/189180.png?20091207200857 (http://www.huffingtonpost.com/2009/12/16/democrats-lash-out-at-oba_n_394424.html?show_comment_id=36451342#comment_36451342)
Senators - Democrats - are taking the easy way out again - blaming the White house instead of looking in the mirror and take the blame because it is them - those stoopid and failing democrats without backbone and those of being paid off bu the industry. Shame on all of them.




amurican (http://www.huffingtonpost.com/users/profile/amurican) [url="http://www.huffingtonpost.com/2009/12/16/democrats-lash-out-at-oba_n_394424.html?show_comment_id=36451275#comment_36451275"]

I'm upset with Obama but I'm more upset with Senate Dems. Obama is definitely to blame for not pushing harder but when it comes down to it, the senate Dems are pathetic. Hardly any would stand behind the public option, the best possible outcome of this overhaul in my opinion, because they are too scared to be the liberals they were voted in as. The GOP will never like anything this administration does even if its giving away free puppies to poor kids so forget anything sensible coming from that side of aisle. It was up to the majority to take care of business but they are severely lacking the backbone to do so. Maybe term limits isn't such a bad idea because this seems to be all about re-election than whats best for their constituents. I agree with the poster that said this is enough to make you cynical about all politicians. Quit playing the game and do whats best for this country. Obama has let me down recently but the Senate more so. At least the republicans stayed republicans when W was in office.




...no we can't :rolleyes:mad:(

lunar
17.12.2009, 08:23
17 December 2009

Treasury Cancels Plans to Sell Citi Stake After Failed Equity Offering Stings Shareholders (http://jessescrossroadscafe.blogspot.com/2009/12/treasury-cancels-plans-to-sell-citi.html)


http://4.bp.blogspot.com/_H2DePAZe2gA/SynIWWFXcFI/AAAAAAAAK0w/1ccHN0PGdx8/s400/trading-places-duke-brothers.jpg (http://4.bp.blogspot.com/_H2DePAZe2gA/SynIWWFXcFI/AAAAAAAAK0w/1ccHN0PGdx8/s1600-h/trading-places-duke-brothers.jpg)The shareholders of Citigroup should be furious at the greedy and reckless actions of Citi's management in diluting their shares in order to obtain a freer hand in granting themselves fat bonuses.


Tonight's equity offering failed to bring in a sufficient price, serving up a significant 20% discount to existing holders of the stock.

And the de facto largest shareholders of Citigroup, the US taxpaying public and all holders of US Federal Reserve Notes, took quite a paper loss on their holdings because of Tim and Larry's miscalculations regarding the market's willingness to swallow more large chunks of questionable debt riddled equity from the US zombie banks.

Tim decided that because of this failed offering, the Treasury will cancel its plans to unload your 33% of Citi's shares, preferring to consider the quick flip a longer term investment, as failed trades are often wont to become.

Never fear. We are sure that the Obama Administration can reach out to the Working Group on Markets to put a bid under those shares at some future date, perhaps with help from puffed up government estimates of the vitality of the US economy as a wind at its back.

Technically, Citi can pay back the TARP money from the proceeds. I wonder if they have the gall to do that and pay themselves bonuses this year to boot, which is the basis for this exercise in dilution in the first place. This shows the farce that the Obama financial reforms really are. Nothing has changed except that big bank losses were transferred to the public debt.


Such is the tangled web we weave, when first we practice to deceive.Gentlemen, start your presses...

Reuters (http://www.reuters.com/article/idCNN1613094420091217?rpc=44)
U.S. delays its $5 bln Citi sale after weak pricing
By Dan Wilchins and David Lawder

NEW YORK/WASHINGTON, Dec 16 (Reuters) - The U.S. Treasury delayed a plan to sell its $5 billion of Citigroup Inc (C.N) shares after a stock offering by the bank attracted weak demand and priced at a much lower-than-expected $3.15 a share.

http://4.bp.blogspot.com/_H2DePAZe2gA/SynProZq1sI/AAAAAAAAK04/VIgFjn8YDok/s320/federal-reserve-bank.JPG (http://4.bp.blogspot.com/_H2DePAZe2gA/SynProZq1sI/AAAAAAAAK04/VIgFjn8YDok/s1600-h/federal-reserve-bank.JPG) The bank sold $20 billion of stock and convertible bonds to repay funds it owes to the government so it can avoid the executive compensation restrictions that came with multiple U.S. bailouts.

But raising that capital came at a steep cost to shareholders, whose shares are worth 20 percent less than their closing level on Friday, before the bank announced its plan for repaying funds to the government.

"It's a terrific deal for Citigroup's managers, who can get paid more, and a terrible deal for shareholders. The company paid a huge price for this capital," said Sean Egan, principal at ratings agency Egan-Jones Ratings.

Citigroup was the third major U.S. bank to launch a multibillion-dollar share sale in December and the multitude of share sales likely dampened demand, analysts said.

"Buyers are in control of the process now," said Blake Howells, director of research at Becker Capital Management in Portland, Oregon.

http://1.bp.blogspot.com/_H2DePAZe2gA/SynVVXv40KI/AAAAAAAAK1I/IIuUsPmRp7Y/s200/beekstim.JPG (http://1.bp.blogspot.com/_H2DePAZe2gA/SynVVXv40KI/AAAAAAAAK1I/IIuUsPmRp7Y/s1600-h/beekstim.JPG) The share sale price is less than the $3.25 price at which the government bought them earlier this year as part of an emergency rescue of the No. 3 U.S. bank, shrinking the paper value of the government's 7.7 billion shares to $24.2 billion. That stake was originally worth $25 billion and in October was worth nearly $40 billion.

Treasury "is not going to sell at a loss. That's the bottom line," a source familiar with the situation said.

The U.S. decided not to sell any shares at this time, and has agreed not to sell Citi shares for 90 days, the bank and the Treasury said. The government owns about one-third of Citigroup's shares.

The U.S. government still plans to sell its Citigroup shares within the next year, a Treasury spokesman said.

The government's decision not to sell shares was an about-face from Monday, when Citigroup said the government would sell up to $5 billion of shares alongside the bank's offering....


Posted by Jesse at 12:34 AM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/treasury-cancels-plans-to-sell-citi.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=7687437607549286418) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=7687437607549286418)
Category: bank bailout (http://jessescrossroadscafe.blogspot.com/search/label/bank%20bailout), failed equity offering (http://jessescrossroadscafe.blogspot.com/search/label/failed%20equity%20offering), financial engineering (http://jessescrossroadscafe.blogspot.com/search/label/financial%20engineering), TARP (http://jessescrossroadscafe.blogspot.com/search/label/TARP)

:mad

lunar
17.12.2009, 09:52
Harter Poker in Kopenhagen

Klimagipfel rutscht in akute Krise (http://www.spiegel.de/politik/ausland/0,1518,667553,00.html)

Scheitert der Gipfel von Kopenhagen? China will plötzlich nur eine kurze Absichtserklärung als Ergebnis, Brasilien blockiert, es gibt immer noch keinen Vertragsentwurf - "es sieht nicht gut aus", sagen EU-Insider. Jetzt kommt alles auf das Finale mit Obama, Merkel und rund 120 weiteren Spitzenpolitikern an. mehr... (http://www.spiegel.de/politik/ausland/0,1518,667553,00.html) [ Video (http://www.spiegel.de/video/video-1037501.html) | Forum (http://forum.spiegel.de/showthread.php?t=9176) ]

:rolleyes

:kotz...die Polizei (Video)

lunar
17.12.2009, 09:55
Detroit Unemployment Near 50% (http://www.huffingtonpost.com/2009/12/16/detroits-unemployment-rat_n_394559.html) :rolleyes





. (http://www.huffingtonpost.com/jo-guldi/the-anti-development-cris_b_392743.html)
Jo Guldi: The Anti-Development Crisis: Who's Really to Blame for Lost Jobs This Christma (http://www.huffingtonpost.com/jo-guldi/the-anti-development-cris_b_392743.html)


David Adkins: Green Jobs Arriving Slowly (http://www.huffingtonpost.com/david-adkins/green-jobs-arriving-slowl_b_393059.html)


Quick Read (http://www.huffingtonpost.com/2009/12/16/detroits-unemployment-rat_n_394559.html) |
Comments (6093) (http://www.huffingtonpost.com/2009/12/16/detroits-unemployment-rat_n_394559.html)
.
...hauptsache es reicht für fette Boni :bad

lunar
17.12.2009, 10:00
Wirtschaft: 17. Dezember 2009, 07:06


USA kritisieren Credit Suisse scharf (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/usa_credit_suisse_1.4227669.html)

Höchste Geldstrafe wegen Verstössen (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/usa_credit_suisse_1.4227669.html)

Die Schweizer Grossbank Credit Suisse muss in den USA die höchste Strafe bezahlen, die je für Verstösse gegen Sanktionsbestimmungen verhängt wurde. Nach Angaben des US-Justizministeriums wäre sie noch viel höher ausgefallen, wenn die Bank bei den Ermittlungen nicht voll kooperiert hätte. (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/usa_credit_suisse_1.4227669.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/usa_credit_suisse_1.4227669.html)

http://www.nzz.ch/images/cs_eingang_credit_suisse_paradeplatz_small_1.3387394.1257943969.jpg (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/usa_credit_suisse_1.4227669.html)

....wie sieht's wohl unter den Ami-Teppichen aus :rolleyes:gruebel

lunar
17.12.2009, 10:48
Burka weg – oder raus dem Land (http://www.tagesanzeiger.ch/ausland/europa/Burka-weg--oder-raus-dem-Land/story/13849829)

http://files.newsnetz.ch/story/1/3/8/13849829/17/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/europa/Burka-weg--oder-raus-dem-Land/story/13849829) Der französische Einwanderungsminister Eric Besson will gegen das Tragen islamischer Ganzkörperschleier vorgehen – mit «konkreten Massnahmen». Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Burka-weg--oder-raus-dem-Land/story/13849829)

Aktualisiert um 09:09 Uhr 18 Kommentare (http://www.tagesanzeiger.ch/ausland/europa/Burka-weg--oder-raus-dem-Land/story/13849829#kommentar)

....also ich finde Burkas unangenehm - man möchte doch sehen mit wem man Umgang hat oder wer neben einem steht :rolleyes dann gäbe es noch einige Gründe, das lasse ich lieber :oo ausserdem auch noch der Vitamin D3-Mangel.....

lunar
17.12.2009, 15:35
Tuesday, December 15, 2009, 2:33pm PST

WaMu filing: JPMorgan had inside info

Portland Business Journal - by Kirsten Grind (http://www.bizjournals.com/search/results.html?Ntt=%22Kirsten%20Grind%22&Ntk=All&Ntx=mode%20matchallpartial) Contributing writer


A filing in the Washington Mutual (http://www.bizjournals.com/portland/gen/Washington_Mutual_41A2A8ABF4E34CF7B163FC4E63B84B69.html) bankruptcy case says that new evidence supports allegations that JPMorgan Chase used access to inside information about WaMu to drive down the bank’s credit rating and share price, scare away other suitors and arrange to buy the ailing Seattle bank from regulators at a bargain price.

The evidence is contained in a motion filed Monday in U.S. Bankruptcy Court (http://www.bizjournals.com/portland/gen/U.S._Bankruptcy_Court_E6D379F916E54C90A98673DC7A3F7AE0.html) in Delaware, by WaMu’s bankrupt holding company, known as WMI, which is seeking to recover billions of dollars lost when regulators seized Washington Mutual and sold it to New York-based JPMorgan Chase & Co. (http://www.bizjournals.com/portland/gen/JPMorgan_Chase_&_Co._FB047AAB4900444793D6907D9B2BA82D.html) (NYSE: JPM) in September 2008......

full story: http://portland.bizjournals.com/portland/stories/2009/12/14/daily16.html


...aha - wieder mal der smarte Jamie :bad

lunar
17.12.2009, 16:25
Blamage für amerikanische Air Force


Irakische Aufständische hacken US-Militärdrohnen (http://www.spiegel.de/netzwelt/netzpolitik/0,1518,667648,00.html)

Ferngesteuerte Drohnen zählen zu den wichtigsten Spionagesystemen des US-Militärs. Irakischen Aufständischen ist es laut "Wall Street Journal" gelungen, Videoübertragungen aus den unbemannten Flugzeugen abzufangen - mit Hilfe einfachster Billig-Software. mehr... (http://www.spiegel.de/netzwelt/netzpolitik/0,1518,667648,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=10008&goto=newpost) ]




....da sitzt eine(r) mit dem joystick im Amiland und guckt mal wo man denn ein paar Bomben fallen lassen könnte :gomad Knopfdruck :gomad das ist doch einfach nur noch eine riesige Katastrophe :gomad


....teilweise erschrecken die Kommentare im Forum - einige sind wenigstens ok - wobei ich den Taliban auch keine Träne nachweinen täte :rolleyes


http://www.spiegel.de/static/forum/images/statusicon/post_new.gif (http://forum.spiegel.de/showthread.php?p=4720053#post4720053) Heute, 14:59 #12 (http://forum.spiegel.de/showpost.php?p=4720053&postcount=12) wika (http://forum.spiegel.de/member.php?u=72155) :supi
Neuer Benutzer

Registriert seit: 13.06.2007
Beiträge: 39

http://www.spiegel.de/static/forum/images/icons/icon1.gif Vollste Bewunderung
Ja, man muss den Amerikanern gratulieren. Sie sind in der Lage das Töten weniger gefährlich und etwas anonymer zu machen. Eine Leistung die nur dem Kapital gelingen kann. Die armen Schlucker in der Wüste müssen das immr noch in Handarbeit erledigen.

Es ist auch schön wenn Papa in Nevada abends wieder befriedigt nachhause kommen kann, um seinen Kindern froh und stolz zu erzählen wieviel Punkte er heute am Computer wieder für den Weltfrieden gemacht und dabei X-Tali-Bunny erlegt hat.

Gleichzeitig sind die Amis ziemlich blöd, wenn die nicht einmal die Videoverschlüsselung auf die Reihe bekommen, dann hätten sie einfach das Spiel umkehren und die Frequenzen gleich veröffentlichen sollen. Dann wären bestimmt schon 10-20 % der Taliban beim Betrachten der Bilder der anfliegenden Tötungsmaschinen einem Herzversagen erlegen und das Töten wäre damit noch preiswerter und natürlicher geworden.

Schön das es diese Technik gibt, da können wir mal sehen zu welchen Hochleistungen wir fähig sind, wenn es darum geht anderen Menschen das Licht auszublasen.

Die Videofrequenzen sollten aber auch wir uns hier schon mal aufschreiben, denn wer sagt uns nicht, dass diese Dinger nicht irgendwann vom Innenminister gesteuert, über gewalttätigen Demos in Europa kreisen. Wenn die Technik schon da ist, dann kommen auch die hiesigen kranken Hirne irgendwann drauf die eigene Meute damit in Schach zu halten.

Oder diese Dinger schweben uns demnächst auf der Autobahn hinterher und ab und an sehen wir ein Auto hochfliegen, weil der Besitzer die KfZ-Steuer nicht bezahlt hat.

Drum denke dran lieber Mensch >>>
Wer das Geld hat, hat die Macht und wer die Macht hat, kann sich jede Form der Notwehr leisten. Und wir wissen ja auch, das die amerikanischen Kriege generell nur aus Notwehr geführt werden.

Ich bin einfach begeistert, was wir schon alles können, einfach toll. Wenn ich pervers wäre, dann wäre dies meine Welt!!!





http://www.spiegel.de/static/forum/images/statusicon/post_new.gif (http://forum.spiegel.de/showthread.php?p=4720067#post4720067) Heute, 15:03 #13 (http://forum.spiegel.de/showpost.php?p=4720067&postcount=13) bloggide (http://forum.spiegel.de/member.php?u=86193)
Neuer Benutzer

Registriert seit: 14.12.2007
Beiträge: 188

http://www.spiegel.de/static/forum/images/icons/icon1.gif Gute Nachrichten
Ich bin von dieser Nachricht hocherfreut. Der Einsatz dieser verdammten Drohnen bedeutet doch nicht mehr und nicht weniger, als dass die Hemmschwelle für einen Angriffskrieg gesenkt wird. Wenn Krieg für den Angreifer nicht mehr als ein Videospiel ist, ist das meines Erachtens ein kriegsvölkerrechtliches Problem. Diese Waffen gehören - wie Landminen und Streubomben auch - geächtet.

Aus diesem Grunde würde es mich freuen, wenn es gelingen würde, auch die Kontrolle über diese Höllenmaschinen den Händen ihrer Erbauer zu entwinden.

lunar
17.12.2009, 17:00
Ratigan...kaum zu glauben, dass er mal mit den CNBClern in die gleiche Röhre gepustet hat :eek

http://www.msnbc.msn.com/id/21134540/vp/34430524#34430524

lunar
17.12.2009, 18:12
....hmmmm - vielleicht erst am Wochenende ;)

Restaurant Serves Pot-Infused Pizza, Lasagna, Hummus (http://www.huffingtonpost.com/2009/12/17/gourmet-ganja-denver-rest_n_395532.html)







Quick Read (http://www.huffingtonpost.com/2009/12/17/gourmet-ganja-denver-rest_n_395532.html) |
Comments (64) (http://www.huffingtonpost.com/2009/12/17/gourmet-ganja-denver-rest_n_395532.html)
.
nNrbOkvOErk&feature
.
http://edition.cnn.com/video/?/video/us/2009/12/11/ganja.gourmet.dnt.kdvr

lunar
17.12.2009, 18:59
17 December 2009

US Dollar (DX) Daily Chart - Intermediate View (http://jessescrossroadscafe.blogspot.com/2009/12/us-dollar-dx-daily-chart-intermediate.html)


The US Dollar (DX) index has broken up through short term resistance.

Here is the longer term view of this chart, and its bounce from the measuring objective called out by its failure at the neckline in the large H&S top.

The dollar strength is largely driven here by euro weakness, as a comparative index, and a short term oversold condition that is being quickly worked off. Currencies tend to overshoot their technical moves in the short term, but in the long term are much less subject to price manipulation than stocks, excepting of course the official pegs set by central banks which are all too obvious, except for those blinded by ulterior motivations.

Let's see how much of its decline from the neckline it can retrace. Technically it can go all the way to the neckline without invalidating the chart formation, although this does seem unlikely.

http://2.bp.blogspot.com/_H2DePAZe2gA/SypmVDeBdHI/AAAAAAAAK1Q/GWMVs5imGPk/s400/dxdail.png (http://2.bp.blogspot.com/_H2DePAZe2gA/SypmVDeBdHI/AAAAAAAAK1Q/GWMVs5imGPk/s1600-h/dxdail.png)





Posted by Jesse at 12:11 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/us-dollar-dx-daily-chart-intermediate.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=7581043545269802533) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=7581043545269802533)
Category: US Dollar Daily Chart (http://jessescrossroadscafe.blogspot.com/search/label/US%20Dollar%20Daily%20Chart)

lunar
17.12.2009, 19:12
Westsahara-Konflikt

Bürgerrechtlerin Haidar im Krankenhaus

Mit einem Hungerstreik kämpft Aminatou Haidar um die Rückkehr in ihre Heimat, die Westsahara. Nun hat sich der Zustand der Saharaui deutlich verschlechtert.


ganzer Artikel: http://www.zeit.de/politik/ausland/2009-12/spanien-marokko-haidar

....es gibt so viele Konflikte auf dieser Welt :(:rolleyes

lunar
17.12.2009, 19:21
http://assets.nydailynews.com/img/2009/10/10/amd_playboy_marge_simpson.jpg :eek

Die Simpsons: 20 Jahre Do The Bartman

Sozialkritik, Humor, Technik und krude Synchronisation Homer, Marge, Bart, Lisa und Maggie Simpson sind 20 Jahre alt. Immer noch hat Homer keine Vollglatze, Lisa hat nicht aufgegeben, die Welt zu verbessern und Maggie hat den Nuckel nicht abgelegt - doch Computer und Breitbild-TV haben bei der gelben Familie Einzug gehalten. Ein Blick auf eine besondere Serie.

20 Jahre läuft die Zeichentrick-Serie Die Simpsons (The Simpsons) jetzt auf dem US-Fernsehsender Fox. Die gelbe Familie aus Springfield ist heute noch so jung wie 1989, als Homer und Marge Simpson mit ihren Kindern Bart, Lisa und Maggie erstmals im Serienformat auf den Bildschirmen flimmerten - damals meist im Röhrenfernseher.....

http://www.golem.de/0912/71929.html

93-n-9CIiZE&feature

lunar
17.12.2009, 22:16
17 December 2009

La Belle Dame Does Wall Street - Again (http://jessescrossroadscafe.blogspot.com/2009/12/la-belle-dame-does-wall-street-again.html)


http://3.bp.blogspot.com/_H2DePAZe2gA/Sypx4QvFzrI/AAAAAAAAK1g/K-T8m-LMkhc/s320/meredith_whitney_1.jpg (http://3.bp.blogspot.com/_H2DePAZe2gA/Sypx4QvFzrI/AAAAAAAAK1g/K-T8m-LMkhc/s1600-h/meredith_whitney_1.jpg) The US equity market is heavy today ahead of an option expiration given the failure last night of the Citi stock offering, the rise in unemployment claims, and of course the slight from la belle dame to the prowess and staying power of Lloyd and John.

Even though Meredith Whitney is 'on a roll' as they say in the States, it is the rationale for her cuts that is of the most interest to us. These have not yet been disclosed. We will update the details when they become known.

Today is also the confirmation hearing for Ben Bernanke with the requisite endorsement of key Democrats like banking lackey Chris Dodd. The opposition is largely Republican with few Democratic defections.

It is ironic that Ben and his Fed are still stonewalling the Congress on the delivery of requested information. Have the Democrats no shame?

As an aside, we knew top Obama advisor Rahm Emanuel was a bare knuckle politician with his roots in the Chicago political machine. We did not know until today that his role was as a fundraiser (colloguially known as 'bagman') for then Mayor Richard Daley. Talk about bringing the heart of darkness into a reform administration!


WSJ (http://online.wsj.com/article/SB10001424052748704238104574601812644274286.html?mod=googlenews_wsj)
Meredith Whitney Cuts Goldman, Morgan Stanley Estimates
BY BRENDAN CONWAY
DECEMBER 17, 2009, 9:12 A.M. ET

NEW YORK--Meredith Whitney cut earnings estimates for Goldman Sachs Group Inc. and Morgan Stanley through 2011.

Ms. Whitney, head of Meredith Whitney Advisory Group and known for her bearish calls during the financial crisis, now predicts Goldman's earnings per share for the fourth quarter will be $6, down from $6.38. She also said its earnings will be $19.57 a share this year, $19.65 next year and $24.04 in 2011. The cuts take nearly 40 cents off the 2009 Goldman estimate, more than $2 off next year's and $3.44 off 2011's.

The Morgan Stanley 2010 earnings projection was cut to $2.60 a share from $2.63. For the year after, the forecast was dropped to $2.75 from $3.28.

The rationale for Whitney's weaker outlook on Goldman and Morgan Stanley was not immediately available. The figures appeared in a Wednesday note to clients...


Posted by Jesse at 12:52 PM:verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/la-belle-dame-does-wall-street-again.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4274605605981732398) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=4274605605981732398)
Category: bank earnings (http://jessescrossroadscafe.blogspot.com/search/label/bank%20earnings), Meredith Whitney (http://jessescrossroadscafe.blogspot.com/search/label/Meredith%20Whitney)

lunar
17.12.2009, 22:28
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Morgan Stanley Abandons 5 San Francisco Office Towers (http://www.zerohedge.com/article/morgan-stanley-abandons-5-san-francisco-office-towers)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/17/2009 14:22 -0500


What do these five building have in common?

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/volcker/MS%20Ballast_0.jpg




25 comments (http://www.zerohedge.com/article/morgan-stanley-abandons-5-san-francisco-office-towers#comments)
Read more (http://www.zerohedge.com/article/morgan-stanley-abandons-5-san-francisco-office-towers)
.
http://www.zerohedge.com/sites/default/files/pictures/picture-288.jpg
by slickrock
on Thu, 12/17/2009 - 15:43
#167927 (http://www.zerohedge.com/article/morgan-stanley-abandons-5-san-francisco-office-towers#comment-167927)


Denninger's article on this is here:

http://market-ticker.denninger.net/archives/1749-The-Last-Word-On-Strate... (http://market-ticker.denninger.net/archives/1749-The-Last-Word-On-Strategic-Defaults.html)

His point is that banks are screaming when homeowners walk away from their commitment, yet MS is committing that very same sin. Shame on them, they will reap what they sow.

lunar
18.12.2009, 09:03
17 December 2009

Steve Meyers: Market Outlook and Analysis for 2010 (http://jessescrossroadscafe.blogspot.com/2009/12/steve-meyers-market-outlook-and.html)


rl5Gp-VWBG0&feature

Posted by Jesse at 4:53 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/steve-meyers-market-outlook-and.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4848737349085921112)




(http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4848737349085921112)

lunar
18.12.2009, 09:36
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
PIMCO Sells $26.5 Billion In Treasuries And MBS In November, Goes To Cash (http://www.zerohedge.com/article/pimco-sells-265-billion-treasuries-and-mbs-october-goes-cash)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/17/2009 19:23 -0500



http://www.zerohedge.com/sites/default/files/images/user5/imageroot/volcker/PIMCO%20November_0_0.jpg

Pimco's flagship Total Return Fund released its November data: the fund continues liquidating its MBS holdings, selling another $7 billion in November (after dumping $10 billion in October), and bringing the total to the lowest it has held of this security, at $23.9 billion. Keep in mind TRF held just under $120 billion of Mortgage Securities in February: a nearly $100 billion reduction. Thank you Ben Bernanke Bid. Mortgages are not the only class getting cleansed by Gross: the world's biggest bond fund also sold $20 billion of Treasuries, bringing its govvy holdings to $101.7 billion, down from $121.3 billion in November. The biggest beneficiary: cash, which increased from a net short position of -$13.5 billion to $14 billion. And in the meantime, the fund still made a boatload: total AUM in TRF increased from $192.6 billion to $199.4 Gross is sticking to his pessimistic view and liquidating. Who is buying?

28 comments (http://www.zerohedge.com/article/pimco-sells-265-billion-treasuries-and-mbs-october-goes-cash#comments)
Read more (http://www.zerohedge.com/article/pimco-sells-265-billion-treasuries-and-mbs-october-goes-cash)
.

http://www.zerohedge.com/sites/default/files/pictures/picture-5464.png
by Cognitive Dissonance
on Thu, 12/17/2009 - 19:57
#168251 (http://www.zerohedge.com/article/pimco-sells-265-billion-treasuries-and-mbs-october-goes-cash#comment-168251)

Always watch the rats, not the people. The rats know when to leave the ship, even if the people don't.




http://www.zerohedge.com/sites/default/files/pictures/picture-4318.jpg
by Problem Is
on Thu, 12/17/2009 - 22:54
#168425 (http://www.zerohedge.com/article/pimco-sells-265-billion-treasuries-and-mbs-october-goes-cash#comment-168425)

"Always watch the rats..." That piece of advise can do more to save your ass and your wallet than any other rule of thumb I know.

lunar
18.12.2009, 09:41
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Democratic Senator Jeff Merkley Breaks Party Rank, Lays Out The Case Against Bernanke:supi (http://www.zerohedge.com/article/democratic-senator-jeff-merkley-break-party-rank-lays-out-case-against-bernanke)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/17/2009 18:00 -0500

"Dr. Bernanke is a dedicated and honorable public servant...however those factors in my mind do not outweigh my concerns on regulation and rebuilding the economy... Dr. Bernanke's approach helped set our economic house on fire. That fire has destroyed the jobs, the healthcare, the retirement savings, of millions of American working families. Since then Dr. Bernanke has shown himself to be quite adroit with the fire hose, helping to put that fire out. But as we look to the future, and we look beyond the stage of putting the fire out, I think we need to look to leadership that will be adept at rebuilding our economic house." - Sen. Merkley


31 comments (http://www.zerohedge.com/article/democratic-senator-jeff-merkley-break-party-rank-lays-out-case-against-bernanke#comments)
Read more (http://www.zerohedge.com/article/democratic-senator-jeff-merkley-break-party-rank-lays-out-case-against-bernanke)
.

hYb-SemvURE&feature

....hat leider nichts genützt :mad

lunar
18.12.2009, 10:11
NO RELIEF (http://www.mcclatchydc.com/227/story/80867.html)
Homeowners Often Rejected Under Obama's Anti-Foreclosure Plan (http://www.mcclatchydc.com/227/story/80867.html)

(http://www.mcclatchydc.com/227/story/80867.html)


READ THE FINE PRINT: It Allows Banks To Auction Homes Without Warning... (http://www.mcclatchydc.com/227/story/80867.html) If Morgan Stanley Walks Away, Why Shouldn't You? (http://www.huffingtonpost.com/_396543.html)






Quick Read (http://www.huffingtonpost.com/2009/12/17/homeowners-often-rejected_n_396604.html) |
Comments (1089) (http://www.huffingtonpost.com/2009/12/17/homeowners-often-rejected_n_396604.html)
| Housing Crisis (http://www.huffingtonpost.com/news/housing-crisis)
.
...wenn zwei das Gleiche tun :bad

lunar
18.12.2009, 10:43
A worker cleans the floor during preparations for launching the Russian Soyuz TMA-17 spaceship that will carry a new crew to the international space station, in an assembly shop at the Russian leased Baikonur cosmodrome, Kazakhstan, Thursday, Dec. 17, 2009. The start of the new Soyuz mission is scheduled on Monday, December 21. (AP Photo/Dmitry Lovetsky)

http://www.charlotteobserver.com/galleries/gallery/1129570.html?spill=1

lunar
18.12.2009, 15:44
by WANKA @ 7:37 am.

http://goldtent.net/wp_gold/wp-content/uploads/2009/12/obamaspendingplan.gif (http://goldtent.net/wp_gold/wp-content/uploads/2009/12/obamaspendingplan.gif)

:rolleyes

lunar
18.12.2009, 15:48
Rede beim Weltklimagipfel

Obama kommt mit leeren Händen (http://www.spiegel.de/wissenschaft/natur/0,1518,667945,00.html) (...alles weg :confused siehe oben :oo)


"Ich bin nicht hier, um zu reden, sondern um zu handeln": Mit markigen Worten hat Barack Obama die Staatsführer beim Weltklimagipfel beschworen, sich zu einer Einigung zusammenzuraufen. Doch bei finanziellen Zugeständnissen kneift der US-Präsident - auch die Chinesen stellen sich stur. mehr... (http://www.spiegel.de/wissenschaft/natur/0,1518,667945,00.html) [ Video (http://www.spiegel.de/video/video-1037937.html) | Forum (http://forum.spiegel.de/showthread.php?t=10044) ]

lunar
18.12.2009, 15:52
Wednesday, December 2, 2009

Former Managing Director of Goldman Sachs: Accounting Fraud of the Too Big to Fails May Be Worse Than Enron (http://www.washingtonsblog.com/2009/12/former-managing-director-of-goldman.html)

Nomi Prins - former managing director of Goldman Sachs and head of the international analytics group at Bear Stearns in London - is saying the same thing that financial bloggers have been saying: The giant banks are manipulating their books to make themselves look profitable.

In fact, Prins says (http://www.thedailybeast.com/blogs-and-stories/2009-12-01/worse-than-enron/full) that this might be worse than the fraud which occurred at Enron:

Enron was the financial scandal that kicked off the decade: a giant energy trading company that appeared to be doing brilliantly—until we finally noticed that it wasn’t. It’s largely been forgotten given the wreckage that followed, and that’s too bad: we may be repeating those mistakes, on a far larger scale.

Specifically, as the largest Wall Street banks return to profitability—in some cases, breaking records—they say everything is rosy. They’re lining up to pay back their TARP money and asking Washington to back off. But why are they doing so well? Remember that Enron got away with their illegalities so long because their financials were so complicated that not even the analysts paid to monitor the Houston-based trading giant could cogently explain how they were making so much money.

Surely someone with Prins' financial background can sort out the accounting of the TBTFs?

In fact, no:After two weeks sifting through over one thousand pages of SEC filings for the largest banks, I have the same concerns. While Washington ponders what to do, or not do, about reforming Wall Street, the nation’s biggest banks, plumped up on government capital and risk-infused trading profits, have been moving stuff around their balance sheets like a multi-billion dollar musical chairs game.

I was trying to answer the simple question that you'd think regulators should want to know: how much of each bank’s revenue is derived from trading (taking risk) vs. other businesses? And how can you compare it across the industry—so you can contain all that systemic risk?.....

full story: http://www.georgewashington2.blogspot.com/2009/12/former-managing-director-of-goldman.html

....wäre eine ziemlich heisse Angelegenheit :rolleyes:schwitz:mad

lunar
18.12.2009, 15:58
...und nochmal die Klima Misere :rolleyes

'I Think Our Ability To Take Collective Action Is In Doubt' (http://motherjones.com/blue-marble/2009/12/obamas-copenhagen-speech-end-deal)

http://images.huffingtonpost.com/gen/127353/thumbs/r-OBAMA-huge.jpg (http://motherjones.com/blue-marble/2009/12/obamas-copenhagen-speech-end-deal)


'Clearly Frustrated' Obama Addresses World Leaders At Climate Talks... (http://www.huffingtonpost.com/huff-wires/20091218/climate-obama/) Negotiations 'In Disarray'... China's Premier Snubs Emergency Meeting... (http://www.huffingtonpost.com/2009/12/18/obama-wen-offer-no-new-em_n_396847.html) Draft Emission Targets Would STILL Raise Temperatures To Deadly Levels... (http://www.guardian.co.uk/environment/2009/dec/17/un-leaked-report-copenhagen-3c) 'An Elaborate Sham' (http://motherjones.com/blue-marble/2009/12/breaking-proof-copenhagen-elaborate-sham)






Quick Read (http://www.huffingtonpost.com/2009/12/18/obama-wen-offer-no-new-em_n_396847.html) |
Comments (25) (http://www.huffingtonpost.com/2009/12/18/obama-wen-offer-no-new-em_n_396847.html)
| Copenhagen 2009 (http://www.huffingtonpost.com/news/copenhagen-2009)
.
http://images.huffingtonpost.com/profiles/619776.png?20091111110352 (http://www.huffingtonpost.com/users/profile/uglygnome) uglygnome (http://www.huffingtonpost.com/users/profile/uglygnome)

I do not understand how our President can go to Copenhagen and preach to the rest of the world when our own congress will not be able to pass meaningful climate change legislation.

lunar
18.12.2009, 16:33
Tech (http://www.huffingtonpost.com/technology/)PHOTOS: 10 Best Gadgets Of The Decade That Rocked Our World (http://www.huffingtonpost.com/2009/12/18/best-tech-of-2000-2009-gr_n_396873.html)

http://images.huffingtonpost.com/gen/127340/thumbs/s-USB-large.jpg (http://www.huffingtonpost.com/2009/12/18/best-tech-of-2000-2009-gr_n_396873.html)

More TechiPhone As Weapon..Google Phone Hands On..Yelp Buyout Rumors (http://www.huffingtonpost.com/technology/)



Quick Read (http://www.huffingtonpost.com/2009/12/18/best-tech-of-2000-2009-gr_n_396873.html) |
Comments (http://www.huffingtonpost.com/2009/12/18/best-tech-of-2000-2009-gr_n_396873.html)
| Photo Galleries (http://www.huffingtonpost.com/news/slideshow)

lunar
18.12.2009, 19:18
...for the record ;) :thanx



Vier große US-Garantiegeber für Hypotheken versinken in einem Meer von Schulden

Die New York Times publizierte gestern im Zuge der allgemeinen Euphorie über die Ankündigung, dass sowohl Wells Fargo als auch Citi ihre erhaltenen TARP-Gelder in Form von Kapitalerhöhungen an die Regierung zurück bezahlen wollen, einen Artikel, der diese allgemeinen Jubelrufe dämpfen sollte. Im Vergleich zu den Beträgen, welche die vier Riesen AIG, Fannie, Freddie und GMAC verschlingen, sind die Bankenrückzahlungen nichts weiter als Peanuts, die zudem auf Sand gebaut sind, da sie auf einer starken Verwässerung der Altaktionäre durch frisch emittierte Aktien basieren. Allein eine Anhebung der bislang an Freddie und Fannie durch die Regierung zur Verfügung gestellten Kreditlinie von $400 Milliarden auf nunmehr $800 Milliarden lässt die anderen Kapitalinfusionen für Banken wie Zwerge erscheinen.

Selbst jetzt, nachdem einige der größten Banken ihre Schulden bei der US-Regierung begleichen für etwas, das als erfolgreiches Rettungsprogramm proklamiert wird, bleiben vier sich in höchster finanzieller Not befindliche Riesen auf die Lebensrettungsringe der Regierung weiterhin angewiesen. Diese Unternehmen, namentlich die American International Group (AIG), Fannie Mae, Freddie Mac und GMAC, mögen vielleicht in der Lage sein, die Regierung auszubezahlen, jedoch sind sie von ständigen Kapitalinfusionen abhängig, die sie zunehmend aussehen lassen wie ein Mündel des Staates. Und das Gesamtrisiko, welches sie für die Steuerzahler darstellen, übersteigt bei weitem dasjenige der großen Banken. Fannie und Freddie verhandeln in den letzten Tagen des Jahres mit dem Finanzministerium sogar angeblich über eine Ausweitung der ihnen zur Verfügung gestellten Kapitallinien. Obwohl die vier Unternehmen nicht im gleichen Geschäftszweig aktiv sind, sind sie in dieselbe Falle getappt: sie haben Garantien für Hypothekenkredite verkauft – in einigen Fällen sich gegenseitig. Wenn Hauseigner jetzt zahlungssäumig werden, wie das zurzeit in rekordverdächtiger Anzahl der Fall ist, müssen diese Unternehmen die dadurch entstehenden Verluste abdecken. Im Grunde wird das Steuerzahlergeld für diese Unternehmen teilweise genutzt, um Banken und andere Investoren zu schützen, in deren Besitz sich diese Hypotheken befinden. Wie die anderen großen Banken auch, würden es die genannten vier Unternehmen zweifelsohne vorziehen, unabhängig zu sein von den finanziellen Unterstützungen der Regierung, die Gehalts- und Bonusrestriktionen für die leitenden Angestellten zur Folge haben. Jedoch scheinen sie große Gefahr zu laufen, auf ein sich drehendes Schuldenkarussell aufzusteigen, indem sie immer wieder frisches Geld von der Regierung aufnehmen müssen, nur um im Hinblick auf die bereits existierenden Regierungsschulden zahlungsfähig zu bleiben. Fannie Mae warnte beispielsweise kürzlich davor, dass die Firma dem Finanzministerium nicht die geschuldete Dividende auszahlen könne, ergo: „…werden zukünftige Dividendenzahlungen effektiv dadurch finanziert werden müssen, dass man frisches Kapital, welches durch das Finanzministerium zur Verfügung gestellt wird, aufnimmt.“ Alle genannten Unternehmen haben in letzter Zeit frisches Kapital von der Regierung erhalten, oder führen momentan darüber Gespräche, neues Geld aufzunehmen:

* Fannie Mae und Freddie Mac, die Hypotheken kaufen und verkaufen, haben bis dato $112 Milliarden — darunter $15 Milliarden für Fannie im November — einer Gesamtkreditlinie des Finanzministeriums in Höhe von $400 Milliarden genutzt. Jetzt haben Entscheidungsträger laut Personen, die mit den Gesprächen vertraut sind, die Möglichkeit in Betracht gezogen, diese Kreditlinie zu erhöhen, möglicherweise auf $400 Milliarden für jedes der beiden Unternehmen bis zum Jahresende, wofür das Finanzministerium allerdings die Zustimmung des Kongresses benötigen würde, um diese Kapitallinie auszuweiten. Sowohl die Entscheidungsträger von den Unternehmen als auch die Regierung lehnten einen Kommentar ab.

* GMAC, die mehrheitlich Autokäufe finanzieren, erhielten bereits $13,4 Milliarden aus dem Troubled Asset Relief Program (TARP), und befindet sich mit dem Finanzministerium in weiteren Gesprächen, um eventuell nochmals $5,6 Milliarden mehr zu erhalten, weil ein „Stresstest“ der Regierung gezeigt hatte, dass der Kreditgeber in Bezug auf seine Finanzausstattung immer noch zu schwach auf der Brust ist.

* AIG, das Versicherungskonglomerat, nutzte kürzlich $2 Milliarden einer speziellen $30 Milliarden umfassenden Kreditfazilität der Regierung, die im Frühjahr geschaffen wurde, nachdem sich eine $40 Milliarden schwere Kapitalinfusion als bislang unzulänglich herausstellte.

Diese eingegangenen Kapitalverpflichtungen des Finanzministeriums erfassen jedoch immer noch nicht den vollen Umfang der Regierungsunterstützung an diese Unternehmen. Die Regierung hat ebenfalls MBS-Papiere an den Märkten aufgekauft und eine Garantie auf Unternehmensanleihen abgegeben, während die Federal Reserve Bank of New York die Zusage zu einem Notkredit gegeben hat. Timothy F. Geithner, der Finanzminister, hieß die Refinanzierungspläne der Citigroup und von Wells Fargo in dieser Woche willkommen. Obwohl Citi nach Ankündigung einer Kapitalerhöhung mit ihren Aktienverkäufen in Schwierigkeiten geriet, um genügend Kapital für eine Rückzahlung der erhaltenen Regierungsgelder aufzunehmen, sagte Mr. Geithner, dass die Maßnahmen bedeuteten, dass „Steuerzahler jetzt auf dem Weg seien, die Bank-Investitionen aus dem TARP-Programm um mehr als 75% zu reduzieren“. Das heißt, dass von den $245 Milliarden, die den Banken zugesprochen wurden, bis heute mehr als $185 Milliarden zurück geflossen sind oder sich auf dem Weg dorthin befinden. Aber das ist nur ein Bruchteil des Geldes, das die vier in Not geratenen Schuldner bereits erhalten haben oder noch erhalten werden. Zusammen wurde ihnen ein Rettungspaket von fast $600 Milliarden geschnürt und diese Rettungslinie könnte auf fast $1 Billionen ansteigen, wenn die Kreditlinie für Fannie und Freddie verdoppelt würde, wie einige Beobachter prognostizieren. Dazu kommt noch, dass die Unternehmen keine überzeugenden Strategien aufweisen, um sich selbst aus der Umarmung der Regierung zu befreien. Eine Sprecherin von GMAC machte darauf aufmerksam, dass das Unternehmen alle vorgesehenen Dividendenzahlungen an das Finanzministerium geleistet habe, wie dies auch auf Freddie Mac zutrifft. Während Fannie Mae mitteilte, dass man Schwierigkeiten dabei habe, die Dividende zu leisten, muss AIG überhaupt keine Dividenden zahlen. Eine Sprecherin von AIG sagte, das Versicherungsunternehmen sei dazu verpflichtet, die Steuerzahler auszubezahlen, wobei die Rückzahlungsmodalitäten jedoch von den Marktbedingungen abhängig seien. Ein Sprecher von Freddie Mac teilte mit, dass das Unternehmen auf weitere finanzielle Unterstützungsleistungen durch das Finanzministerium angewiesen sei, um solvent zu bleiben. AIGs letztes Ersuchen um weitere Kapitalspritzen zeigt exemplarisch, warum sie mehr Geld von der Regierung brauchen, um ihre Schulden bezahlen zu können. Das Unternehmen besitzt mit der International Lease Finance Corporation eine große Flugzeugvermietungseinheit, die als wertvoller Vermögenswert angesehen wird, jedoch nicht zum Kerngeschäft des Konzerns gehört. Seit das Unternehmen im Jahr 2008 verkündete, dass es alle Tochterunternehmen, die nicht zum Kerngeschäft gehören, verkaufen wolle, um seine ausstehenden Schulden bei der Regierung zurück zu bezahlen, haben Analysten erwartet, dass International Lease verkauft wird. Aber es gibt einen großen Haken an der Sache. AIG gehört International Lease nicht komplett. Ein großer Teil der Aktien dieser Unternehmenseinheit wird von einem Tochterunternehmen in der Versicherungssparte gehalten, das diese Aktien dazu nutzt, um seine abgegebenen Versprechungen, Zahlungsansprüche von Dritten zu leisten, einzuhalten. Wenn AIG die Tochter International Lease verkaufen und die daraus entstehenden Einkünfte an die Fed weitergeben würde, um Schulden abzubezahlen, würden der Versicherungstochter zu viele Ertragsspielräume genommen und sie ginge Bankrott. Also benutzte AIG einen Teil der $2 Milliarden, die sie vor Kurzem seitens des Finanzministeriums erhielten, um die ausstehenden Aktien von International Lease zurückzukaufen.

Auf diese Weise kann AIG, wenn denn endlich ein Käufer auftauchen würde, das Unternehmen verkaufen und die Fed ausbezahlen. „Die Ironie dabei ist, dass die Regierung, um ihr Kapital wieder herein zu bekommen, ihre Unterstützung für AIG aufrecht erhalten muss”, sagte ein ehemaliger Firmenvorstand, der sich wegen der heiklen Angelegenheit Anonymität ausbat. „Die ganze Sache ist eine totale Zwickmühle.” AIG teilte mit, der Konzern habe kürzlich auch einen Teil des Geldes des Finanzministeriums genutzt, um das Geschäft für Hypothekengarantien zu restrukturieren – etwas, was auch GMAC, Fannie Mae und Freddie Mac zu tun versuchen. Alle vier Unternehmen verfügten über große Geschäftszweige, die Hypothekengarantien anboten. Als die Zahlungsausfälle im Jahr 2007 in die Höhe schossen, erlitten alle riesige Verluste. In einigen Fällen hatten sie sich gegenseitig versichert; in anderen Fällen müssen Banken und Investoren bezahlt werden. Obwohl GMACs Hauptgeschäftszweig die Finanzierung von Autokäufen ist, erklären die Vorstände des Unternehmens, dass sie die größten Probleme in ihrem Hypothekengeschäft hätten, bekannt als Residential Capital, die nur schwer unter Kontrolle zu bringen seien. „Was wir in der bestmöglichen Art und Weise tun wollen, ist, einem Zaun darum aufzubauen, um sagen zu können, dass das Problem nun unter Kontrolle ist”, erklärte Michael Carpenter, der neue Vorstand des Unternehmens, gegenüber einer Tradepublikation im November. Für ihre Hypothekengarantiesparte nutzte AIG einen Teil des Geldes vom Finanzministerium, um $7 Milliarden an Verpflichtungen für eine Tochtergesellschaft in Vermont rück zu versichern. Die Bedingungen sehen dergestalt aus, dass die Firmeneinheit United Guaranty of Greensboro die Ansprüche so weit ausbezahlen soll, wie dies in ihren finanziellen Möglichkeit steht, um den verbleibenden Betrag der Tochter in Vermont zu überlassen. Es ist nur wenig bekannt über die Tochterfirma in Vermont, da der Bundesstaat den in ihm ansässigen Konzernen keinerlei Verpflichtungen auferlegt, Jahresberichte zu verfassen und einzureichen. Falls die Firma in Vermont zusätzliches Geld benötigt, können sich die Gläubiger vermutlich direkt an AIG selbst wenden, die mehr Kapital seitens des Finanzministeriums aufnehmen können, als jeder andere.

http://www.hall-of-finance.de/forum/showthread.php?p=533426#post533426

...bei 4604 geklaut

Zum Original-Beitrag (showthread.php3?p=1280336#post1280336)

lunar
18.12.2009, 22:18
+++ EILMELDUNG +++

Obama und Schwellenländer einigen sich auf Mini-Klimakompromiss (http://www.spiegel.de/wissenschaft/natur/0,1518,668086,00.html)

Erster Durchbruch in Kopenhagen: Die USA, China und andere Schwellenländer haben sich auf dem Uno-Gipfel auf eine gemeinsame politische Erklärung verständigt - jetzt wird noch an Details gefeilt. Unterhändler kritisierten den Beschluss als unzureichend, ein neues Klimaabkommen wird es nicht geben. mehr... (http://www.spiegel.de/wissenschaft/natur/0,1518,668086,00.html) [ Video (http://www.spiegel.de/video/video-1038040.html) | Forum (http://forum.spiegel.de/showthread.php?t=10044) ]

lunar
18.12.2009, 22:24
Ron Paul On Bernanke and the Fed (http://jessescrossroadscafe.blogspot.com/2009/12/ron-paul-on-bernanke-and-fed.html)

w5iNPTTKn3Y&feature

Posted by Jesse at 10:25 AM (http://jessescrossroadscafe.blogspot.com/2009/12/ron-paul-on-bernanke-and-fed.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2346389694125301091)

lunar
18.12.2009, 22:42
18 December 2009

Gold Hit With a Bear Raid Yesterday - Memories of Citi's Eurobond Price Manipulation (http://jessescrossroadscafe.blogspot.com/2009/12/gold-hit-with-bear-raid-yesterday.html)

If the longs had been exiting the market, the open interest would have declined.

These big plunges in price look to be driven by short selling, with weak hands being driven out, and then short covering or determined buyers stepping back in to maintain the overall number of contracts at a relatively steady level.

Recall the case in the Euro bond market, wherein Citi came in and sold an enormous volume precipitously, running the stops and driving the price down sharply. The Citi trader came back in and covered his shorts, pocketing the difference in his market disruption based on size. Citi Fined for Euro Bond Trades By British Regulator (http://query.nytimes.com/gst/fullpage.html?res=9407E6DE1431F93AA15755C0A9639C8B63); Italy Indicts Citi Traders (http://www.finextra.com/fullstory.asp?id=17210); Citi Haunted by Dr. Evil Trades in Europe (http://www.bloomberg.com/apps/news?pid=20601085&sid=akZET4F5.H3k&refer=europe);

I recall reading at the time how the Citi traders were incredulous at being outed by the regulators, because that is how they would do things in the States, running the stops and using outsized positions to perform short term price manipulation. In the states 'price management' has become quite notorious around key market events, such as option expiration. It is so prevalent that it has its own momentum among traders.

Even the Treasury recently got into the act, with young Tim's Treasury granting a $38 Billion tax break to Citi in order to enhance their financials and the price of their stock.

Citi had quite a record of bad behaviour around the world a few years ago. Citi Never Sleeps (http://www.madhyam.org.in/admin/tender/Citi%20Never%20Sleeps.htm) Financial power corrupts, and under regulated banks corrupt all that that touch, absolutely.

Has Citi cleaned up its act? Well, it was one of the banks at the heart of the debt securitization scandal that almost brought the US financial system to its knees last year, and is still a major source of global instability. The US seems unable to do anything to keeps its house in order. But in fairness, all the big US banks were caught up in the scandals, most notoriously in those exposed by Eliot Spitzer, who was later 'taken out' in a scandal exposed by a special federal investigation ordered by the Bank's good friends in government.

This may give you some idea of how the US markets continue to operate these days, with the banks loaded with cash and regulators turning a blind eye to their antics and outrageously non-market related trading positions.

It was not all that long ago that such speculative manipulation in the energy markets caused widespread disruption in the State of California by the predators at Enron. And little has been done by the US reglators to prevent this happening again and again. Reform is continually weakened and placed on hold for "the good of the financial system" and its global competitiveness.

Barrick Gold, in a motion to dismiss the 2003 price manipulation lawsuit against it and J. P. Morgan on the basis that some foreign central banks and other bullion banks were involved, but were not named as defendants. Because these foreign central banks were immune from litigation, therefore the motion be granted. Naturally the scandal kicked up by this caused the defendants to regroup their strategy. Barricks February, 2003 Motion to Dismiss (http://www.gata.org/files/BarrickConfessionMotionToDismiss.pdf)

The claim that J. P. Morgan was engaged in fulfilling government policy in its price manipulation was intriguing indeed. It is too bad that it was not granted and sent to discovery and disclosure. But it does highlight one potential reason why a government might not wish to downsize its 'too big to fail' banks, who can become instruments of financial engineering and policy, both foreign and domestic. Who can say what is truth, because unfortunately despite the many abuses, cases are normally settled with no admission of guilt, wristslap fines, and genuine reform is push aside for the sake of temporary expediency.

In closure, the opaque short position in the silver market held by J. P. Morgan and a few other banks is a potential scandal and a disgrace for a 'reform' administration. They do not deserve the benefit of the doubt any longer. Innocent until proven guilty is correct for the courts, but 'where there is smoke there is fire' and 'once bitten twice shy' has jurisdiction in the court of public opinion where trust is a necessary component of good judgement.


Friday, December 18, 2009

The CME Final, just posted, indicates that open interest yesterday rose 475 lots (1.48 tonnes) to 502,930 contracts. Volume remained as reported in the Preliminary at 258,576 lots, 15% above the estimate. See CME Daily Bulletin. (http://www.cmegroup.com/daily_bulletin/Section62_Metals_Futures_Products_2009243.pdf)

For a $28.80 down day (indeed down $46 intraday) this result is astonishing. Considerable stop losses must have been triggered, but apparently fresh short selling predominated.

Of course, the CME reported a similar event following gold’s $48.80 drop on Friday Dec 4th – only to apparently slip a 21,000 lot fall into the following Monday’s data

But then they did have the excuse of huge volume –almost 400,000 lots that day. And presumably they do not actually want to make these errors.

So on its face the gold market has seen the entry of a large volume of new Shorts, who will have to contend with reviving Eastern physical appetite. If commercially motivated, this is likely to be an alarming experience.
Posted by Jesse at 1:19 PM (http://jessescrossroadscafe.blogspot.com/2009/12/gold-hit-with-bear-raid-yesterday.html) :verbeug

lunar
19.12.2009, 10:51
Eskalation in Kopenhagen

Zwergenaufstand lässt Klimagipfel scheitern (http://www.spiegel.de/wissenschaft/natur/0,1518,668097,00.html)

Die Klimakonferenz von Kopenhagen steht unmittelbar vor dem Scheitern. Schuld daran ist erbitterter Widerstand zahlreicher Entwicklungs- und Schwellenländer gegen ein Papier der Mächtigen, das noch am Abend als Minimalkompromiss galt. Aus Kopenhagen berichten Christian Schwägerl und Christoph Seidler mehr... (http://www.spiegel.de/wissenschaft/natur/0,1518,668097,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=10058) ]





http://www.spiegel.de/static/sys/v9/icons/ic_listbullet.gifEskalation beim Gipfel: So lief die Chaosnacht von Kopenhagen (http://www.spiegel.de/wissenschaft/mensch/0,1518,668098,00.html)
.
.....kriegen nix auf die Reihe :rolleyes

lunar
19.12.2009, 11:09
by WANKA @ 23:26 pm.
…hellp! http://goldtent.net/wp_gold/wp-content/uploads/2009/12/toon113.gif (http://goldtent.net/wp_gold/wp-content/uploads/2009/12/toon113.gif) ;)

lunar
19.12.2009, 11:18
Panorama: 19. Dezember 2009, 08:28


Eis und Schnee haben Europa im Griff (http://www.nzz.ch/nachrichten/panorama/winter_europa_usa_eurotunnel_1.4262505.html)

Eisenbahnzüge stecken im Eurotunnel fest (http://www.nzz.ch/nachrichten/panorama/winter_europa_usa_eurotunnel_1.4262505.html)

Eisige Temperaturen und starker Schneefall haben weite Teile Europas fest im Griff. Als Folge der starken Kälte blieben auch Züge im Tunnel unter dem Ärmelkanal stecken. Und in einigen Staaten Amerikas beginnt der Winter mit Scheestürmen. (http://www.nzz.ch/nachrichten/panorama/winter_europa_usa_eurotunnel_1.4262505.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/panorama/winter_europa_usa_eurotunnel_1.4262505.html)

http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif Wetter: Ruppiger Winterbeginn (http://www.nzz.ch/nachrichten/panorama/winter_schnee_eis_verkehrschaos_schneefaelle_glatteis_1.4255951.html)




...unter dem Ärmelkanal - uiuiui :rolleyes:schwitz

lunar
19.12.2009, 11:23
Wirtschaft: 19. Dezember 2009, 08:42


Sieben weitere US-Banken bankrott (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-banken_bankrott_1.4262745.html)

140 Pleiten im laufenden Jahr (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-banken_bankrott_1.4262745.html)

In den USA sind sieben weitere Banken zusammengebrochen. Damit stieg die Zahl der Pleiten von amerikanischen Finanzinstituten seit Jahresbeginn auf 140. Es wird mit einer Fortsetzung der Pleitenwelle im kommenden Jahr gerechnet. (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-banken_bankrott_1.4262745.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/us-banken_bankrott_1.4262745.html)


......nur noch unter ferner liefen :rolleyes:mad

lunar
19.12.2009, 11:25
by GoldBalloon @ 23:07 pm.
http://todaywithkara.wordpress.com/2009/02/05/australian-cartoonsnot-seen-in-america/

Ain’t the internet great? http://goldtent.net/wp_gold/wp-includes/images/smilies/icon_wink.gif

:rolleyes

lunar
19.12.2009, 11:44
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Goldman Sachs Responds To Zero Hedge (http://www.zerohedge.com/article/goldman-sachs-responds-zero-hedge-0)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/18/2009 16:41 -0500 A week ago we posed several questions (http://www.zerohedge.com/article/some-questions-goldmans-lucas-van-praag-and-david-viniar)to Goldman managing directors Lucas van Praag and David Viniar. Earlier today we received a broad response. We present it in its entirety for our readers. We will provide our counter-response shortly.

Dear Mr. Durden:

We read your comments about prop trading with interest. I’ve addressed some of the points you raised, as well as the questions you directed to David Viniar and me. The fact that I haven’t necessarily addressed all your points shouldn’t be construed as tacit acceptance of any of them.

1) “Considering that Goldman must disclose a trading VaR, or value at risk on a quarterly basis, which over the past year has averaged over $200 million, one can back into actual prop capital and revenue”

Our VaR is primarily driven by client-related activity rather than proprietary activity. Using VaR to “back into actual prop capital and revenue” would produce a meaningless result.

2) “A month ago Zero Hedge presented a unique glance into Goldman’s prop trading activities courtesy of the 2008 tax filing of the Goldman Sachs Foundation”

Your premise wrong. There are tax and legal restrictions which prohibit the firm from trading on the Foundation’s behalf.

3) “Goldman disclosed that it had $352.2 billion in fair value of principal trading instruments at September 30, 2009. How much of this is considered allocated to prop if this is in fact a distinct strategy from principal?”

The $352.2bn is the fair value of our trading assets, the vast majority of which consist of trading inventory we use to make markets for our clients.

4) “Does the firm's FICC revenue line have absolutely no prop trading embedded within it? Goldman made $20 billion in FICC year to date: is none of this $20 billion due to capital at risk, or is it all due to wide bid//ask spreads? ”

We’ve said publicly that prop trading represents approximately 10% of this year’s reported net revenue. Some of that revenue is reflected in the FICC line.

We generate the vast majority of our revenue in FICC by facilitating trading activity for our clients and nearly all our revenues in FICC are “due to capital at risk” (your phrase). In periods when capital withdraws from the market, bid-offer spreads tend to widen and we benefit to the extent that we are willing to commit capital and do so successfully. These activities necessarily involve risk taking.

Over the last 5 years, prop investing activities have represented about 12% of firmwide net revenues

5) “What was the pro rata allocation to Goldman Sachs Foundation as a percentage of capital per each trading ticket in 2008? Does GSF have a dedicated trading silo within Goldman?”

As I said above, as required by law, the Goldman Sachs Foundation is managed separately. There are no “trading silos” dedicated to the Foundation’s activities

6) “Why did the Goldman Sachs Foundation not participate in Goldman's prop CDS trades?”

See above.

7) “How much did Goldman's prop operations lose in 2008 trading Russell 1000 futures?”

The amount was de minimus.

8) “How much did Goldman's prop operations lose trading all equity, credit and commodity products?”

Not disclosed

9) “When will Goldman clearly and distinctly segregate on its income statement the prop trading profit and losses, if these are in fact unique from "principal" trading as defined, and attach an MD&A to all relevant disclosure?”

Our proprietary activity is small in the context of the firm’s overall revenues and risk exposures.

10) “Goldman is insinuating is that the firm's prop trading really carries virtually no risk.”

We don’t think any trading activity is risk-free. Risk is risk, and our job is to make sure individual risks are appropriately sized.

11) “How do you define market risk?”

We define it as the potential for change in the market value of our trading and investing positions.

12) “Do you take fixed price positions?”

Please explain your question.

13) “Are you exclusively a hedger or do you ‘optimize’ your assets?”

Please clarify what you mean.

14) “Do you have a risk policy?”

Yes. We think of risk management as being one of our core competencies and it remains integral to our success as a firm.


Our management team is active in risk management discussions across the firm and open discussion on the subject are encouraged. By the way, we think fair value accounting is a critically important aspect of risk management. Another important tenet of our approach to risk management is the independence of control functions from the business units

We also use a variety of approaches to monitor risk. In addition to VaR, we use multiple stressed-based methodologies, including jump-to-default analyses, to quantify tail risks.

16) “How do you monitor trading/hedging limits?”

Virtually all of our equity and fixed Income businesses receive VaR based risk-limits, aged inventory limits and balance sheet limits. The limits are reviewed by senior management and Risk Committee on a regular basis.

17) “Mr. David Viniar, who recently said that the firm doesn't benefit from any implicit government guarantee. Goldman, as presented here, benefits directly from $21 billion in FDIC (taxpayer)-insured bond issues. How does Mr. Viniar reconcile this particular fact with his spurious claim?”

We don’t believe that we have any form of guarantee, implicit or otherwise, from anyone and we certainly don’t manage our business as though we do.

We issued debt under the FDIC’s Temporary Loan Guarantee Program and, like every other bank that issued debt under the program, paid the FDIC a significant amount of money upfront for the guarantee. We also pay interest to the investors who bought the notes. We stopped issuing debt under the program in March. The notes are not callable.

In the context of the firm’s approximately $900 billion balance sheet and hundreds of billions of dollars of funding, we don’t think any informed investor would believe that FDIC insurance on a small portion of our funding represented a “guarantee” of the firm.

Regards / Lucas van Praag




183 comments (http://www.zerohedge.com/article/goldman-sachs-responds-zero-hedge-0#comments)

lunar
19.12.2009, 18:20
Gipfel-Fiasko

Obamas Versagen lässt die Amerikaner aufatmen (http://www.spiegel.de/politik/ausland/0,1518,668119,00.html)

Der Klima-Flop von Kopenhagen sorgt weltweit für Wut und Frust. Doch US-Präsident Obama muss daheim keine Kritik für sein Scheitern auf dem Gipfel fürchten: Denn die Amerikaner beschäftigen Gesundheitsreform und Wirtschaftskrise viel mehr als die Erderwärmung. Von Gregor Peter Schmitz, Washington mehr... (http://www.spiegel.de/politik/ausland/0,1518,668119,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=10058) ]

...no I can't :rolleyes:(

lunar
19.12.2009, 19:08
«Der grösste Sturm seit Jahren» (http://www.tagesanzeiger.ch/panorama/vermischtes/Der-groesste-Sturm-seit-Jahren/story/19767336)

http://files.newsnetz.ch/story/1/9/7/19767336/8/teasermedium.jpg (http://www.tagesanzeiger.ch/panorama/vermischtes/Der-groesste-Sturm-seit-Jahren/story/19767336) Die Ostküste der USA ist von Winterstürmen heimgesucht worden. Und es gibt keine Entwarnung - im Gegenteil: In Washington und Philadelphia haben die Behörden den Schneenotstand ausgerufen. Mehr... (http://www.tagesanzeiger.ch/panorama/vermischtes/Der-groesste-Sturm-seit-Jahren/story/19767336)

Aktualisiert vor 43 Minuten




US-Ostküste eingeschneit (http://www.tagesanzeiger.ch/panorama/vermischtes/Der-groesste-Sturm-seit-Jahren/story/19767336)


Deutschland erlebte kälteste Nacht des Winters (http://www.tagesanzeiger.ch/panorama/vermischtes/Deutschland-erlebte-kaelteste-Nacht-des-Winters/story/31705915)
Schneestürme in USA und festgefrorene Züge in Europa (http://www.tagesanzeiger.ch/panorama/vermischtes/Schneestuerme-in-USA-und-festgefrorene-Zuege-in-Europa/story/10496984)

lunar
19.12.2009, 22:21
Astronomy Picture of the Day

2009 December 19
Aurora Shimmer, Meteor Flash

Credit & Copyright (http://apod.nasa.gov/apod/lib/about_apod.html#srapply): Bjørnar G. Hansen, Explanation: Northern Lights (http://www.exploratorium.edu/learning_studio/auroras/), or aurora (http://apod.nasa.gov/apod/ap090922.html) borealis, haunted skies over (http://spaceweather.com/aurora/gallery_01dec09.htm) the island of Kvaløya, near Tromsø Norway on December 13. This 30 second long exposure records their shimmering glow gently lighting the wintery coastal scene. A study in contrasts, it also captures the sudden flash of a fireball meteor from December's excellent Geminid meteor shower (http://spaceweather.com/meteors/gallery_13dec09_page3.htm). Streaking past familiar stars in the handle of the Big Dipper (http://apod.nasa.gov/apod/ap050218.html), the trail points back toward the constellation Gemini, off the top of the view. Both aurora and meteors occur in Earth's upper atmosphere at altitudes of 100 kilometers or so, but aurora are (http://odin.gi.alaska.edu/FAQ/#cause) caused by energetic charged particles from the magnetosphere (http://www.phy6.org/Education/), while meteors are trails of cosmic dust (http://apod.nasa.gov/apod/ap990219.html).
http://apod.nasa.gov/apod/ap091219.html

lunar
20.12.2009, 13:03
:rolleyes

Es ist eklig, pure Bequemlichkeit - und hochgefährlich.

http://www.spiegel.de/images/image-40951-thumb-rnut.jpg Nur jede dritte Mann wäscht sich die Hände mit Seife, wenn er auf Toilette war. Dabei könnte das bisschen Wasser komplettte Epidemien verhindern. Experten versuchen inzwischen mit abstrusesten Tricks, die Menschen zu Hygiene zu zwingen. Von Anja Haegele mehr... (http://www.spiegel.de/wissenschaft/medizin/0,1518,666892,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=10075&goto=newpost) ]

urC6E9EwKvA&feature

lunar
20.12.2009, 13:05
(http://www.nzz.ch/nachrichten/international/iran_montaseri_1.4276256.html)Rivale von Khamenei in Iran gestorben (http://www.nzz.ch/nachrichten/international/iran_montaseri_1.4276256.html):(

Montazeri sollte ursprünglich Staatsgründer Khomeiny nachfolgen (http://www.nzz.ch/nachrichten/international/iran_montaseri_1.4276256.html)

Der prominenteste regierungskritische Geistliche Irans, Grossayatollah Hussein Ali Montazeri, ist 87-jährig gestorben. Montazeri sollte eigentlich Staatsgründer Ayatollah Khomeiny nachfolgen, fiel aber später in Ungnade. (http://www.nzz.ch/nachrichten/international/iran_montaseri_1.4276256.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/international/iran_montaseri_1.4276256.html)

http://www.nzz.ch/static-images/pixel.gifhttp://www.nzz.ch/static-images/news_readmore.gif Iran: Tötung von Oppositionellen bestätigt (http://www.nzz.ch/nachrichten/international/iran_justiz_toetung_oppositionelle_1.4272403.html)
http://www.nzz.ch/static-images/news_readmore.gif Ebadi: «Iran gleicht einem Pulverfass» (http://www.nzz.ch/nachrichten/kultur/aktuell/iran_gleicht_einem_pulverfass_1.4120927.html)

lunar
20.12.2009, 17:39
http://farm1.static.flickr.com/1/buddyicons/64844023@N00.jpg?1255570724#64844023@N00 (http://www.flickr.com/photos/mjb/) Snowball fight at 14th and U

Thumbnails Detail (http://www.flickr.com/photos/mjb/sets/72157623033156816/detail/) Comments (http://www.flickr.com/photos/mjb/sets/72157623033156816/comments/)

http://farm3.static.flickr.com/2710/4198907936_e0be173b97_m.jpg (http://www.flickr.com/photos/mjb/4198907936/in/set-72157623033156816/)

A snowball fight was organized at 14th and U Streets NW in DC. It was a largely fun affair until some kids targeted a particular maroon Hummer, which was stopped at the light, and a particular plain-clothes DC Detective who was driving that SUV pulled a gun in response.

Before all this broke out, snowball fight participants had already helped push a police car out from a stuck position on 14th Street.

I shared the story of what I saw with the The Washington City Paper's blog (http://www.washingtoncitypaper.com/blogs/citydesk/2009/12/19/did-d-c-cops-overreact-to-snowball-fight-14th-and-u/) and on my own site DC Dispatches (http://www.dcdispatches.com/2009/12/20/snowpocalypse-now-redux/).

10 photos | 3,299 views

items are from 19 Dec 2009.


http://farm3.static.flickr.com/2642/4198994144_c3479e05bd_s.jpg (http://www.flickr.com/photos/mjb/4198994144/in/set-72157623033156816/)
http://farm3.static.flickr.com/2782/4198908464_e8bdcc14b5_s.jpg (http://www.flickr.com/photos/mjb/4198908464/in/set-72157623033156816/)
http://farm5.static.flickr.com/4041/4198908226_65a4b7fbf7_s.jpg (http://www.flickr.com/photos/mjb/4198908226/in/set-72157623033156816/)
http://farm3.static.flickr.com/2667/4198989804_5ba4a74c56_s.jpg (http://www.flickr.com/photos/mjb/4198989804/in/set-72157623033156816/)
http://farm3.static.flickr.com/2735/4198154415_883d736b4d_s.jpg (http://www.flickr.com/photos/mjb/4198154415/in/set-72157623033156816/)
http://farm5.static.flickr.com/4007/4198154077_5b100319e1_s.jpg (http://www.flickr.com/photos/mjb/4198154077/in/set-72157623033156816/) http://www.flickr.com/photos/mjb/sets/72157623033156816/

(http://www.flickr.com/photos/mjb/4199201114/in/set-72157623033156816/)0RhossH1bm4&feature

http://www.washingtoncitypaper.com/blogs/citydesk/2009/12/19/did-d-c-cops-overreact-to-snowball-fight-14th-and-u/


Cop Pulls Gun On Snowball Fight (http://www.washingtoncitypaper.com/blogs/citydesk/2009/12/19/did-d-c-cops-overreact-to-snowball-fight-14th-and-u/)

ownthepress (http://www.huffingtonpost.com/users/profile/ownthepress)
I am filing a Citizen Complaint to the DC police about Detective Baylor, and I encourage you to do the same: http://mpdc.dc.gov/mpdc/cwp/view,a,1241,q,548649,mpdcNav_GID,1523,mpdcNav,|.asp
Why? Because this is not the kind of person I want serving me and my community. He threatened and scared people and acted in a dangerous manner.
Here is my eye-witness account and details: http://ownthepress.com/

stanschurman (http://www.huffingtonpost.com/users/profile/stanschurman)
"How's the officer that was hit with the snowball? Is he gonna make it"? "We removed 48 snowflakes from his hair, but he should pull through. You can talk to him as soon as he's out of the dryer".

:kotz ....Dein Freund und Helfer :gomad

lunar
20.12.2009, 17:51
GIFT-WRAPPED FOR LOBBYISTS (http://www.chicagotribune.com/health/chi-health-lobbyists_bddec20,0,5453763,print.story)
How The Health Care Lobby Swarmed Congress And Got What They Wanted (http://www.chicagotribune.com/health/chi-health-lobbyists_bddec20,0,5453763,print.story)

http://images.huffingtonpost.com/gen/127688/thumbs/r-CAPITOL-SPLASH-huge.jpg (http://www.chicagotribune.com/health/chi-health-lobbyists_bddec20,0,5453763,print.story)

At Least 278 Former Congressional Aides Lobbied On Health Care, Over $600 Million Spent... (http://www.chicagotribune.com/health/chi-health-lobbyists_bddec20,0,5453763,print.story) Arianna: Lobbyists Should Be Time's Persons Of The Year (http://www.huffingtonpost.com/arianna-huffington/sunday-roundup_b_398108.html)







Quick Read (http://www.huffingtonpost.com/2009/12/20/how-health-lobbyists-infl_n_398502.html) |
Comments (31) (http://www.huffingtonpost.com/2009/12/20/how-health-lobbyists-infl_n_398502.html)
| Health Care (http://www.huffingtonpost.com/news/health-care)
.
tjfxh (http://www.huffingtonpost.com/users/profile/tjfxh) http://images.huffingtonpost.com/profiles/5791.png?20090101154437 (http://www.huffingtonpost.com/users/becomeFan.php?of=tjfxh)

What you do know. Obama and the Democrats are turning me into a teabagger. I agree with them that the government is not to be trusted to get anything right as long as there is so much money sloshing around in politics. Of course, that doesn't mean I'll be supporting the GOP, which is even more sold out. But I will vote for anyone who runs against both parties. They are both corrupt to the roots.


....da scheint eingiges oberfaul zu sein :rolleyes

lunar
20.12.2009, 17:55
Gesundheitsreform

Obama steht kurz vor dem Sieg (http://www.spiegel.de/politik/ausland/0,1518,668178,00.html) :rolleyes

Barack Obama hat es fast geschafft: Die Senatsmehrheit für die entscheidende Abstimmung über die Gesundheitsreform steht. Allerdings opferte der US-Präsident dafür die Finanzierung von Schwangerschaftsabbrüchen. Frauenrechtlerinnen warnen vor einem Rückschritt im Abtreibungsrecht. mehr... (http://www.spiegel.de/politik/ausland/0,1518,668178,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=9322) ]

lunar
20.12.2009, 19:41
Zürich (http://www.tagesanzeiger.ch/zuerich/)

Zürcher in bester Einkaufslaune :escht
(http://www.tagesanzeiger.ch/zuerich/stadt/Zuercher-in-bester-Einkaufslaune/story/29858685)
http://files.newsnetz.ch/story/2/9/8/29858685/16/teaserbreit.jpg (http://www.tagesanzeiger.ch/zuerich/stadt/Zuercher-in-bester-Einkaufslaune/story/29858685) Trotz Kälte und Schnee hat auch der zweite Advents-Sonntagsverkauf viele Leute für Weihnachtseinkäufe in die Zürcher City gelockt. Die meisten Geschäfte sind zufrieden. Mehr... (http://www.tagesanzeiger.ch/zuerich/stadt/Zuercher-in-bester-Einkaufslaune/story/29858685)

Aktualisiert um 17:32 Uhr

lunar
20.12.2009, 20:37
München :rolleyes Bahnhof in Bukarest :rolleyes
http://www.tagesschau.de/multimedia/bilder/schnee380_mtb-1_pos-8.html

lunar
20.12.2009, 20:48
Anlässlich des Klimakongresses hat die kleine Meerjungfrau, das Wahrzeichen der dänischen Hauptstadt Kopenhagen, Gesellschaft bekommen: "The Survival of the Fattest" heißt die Skulptur des dänischen Künstlers Jens Galschiot. Die übergewichtige Justitia, die auf den Schultern eines ausgemergelten Afrikaners sitzt, repräsentiert die reichen Industriestaaten und die Ausbeutung der armen Länder. (Foto: AP)
http://www.tagesschau.de/multimedia/bilder/bilderderwoche134_mtb-1_pos-3.html
Mit Phantasie treten die Klimaschützer auf ihren Demonstrationen in Kopenhagen auf: diese Frau als apokalyptische Reiterin. (Foto: AFP)
http://www.tagesschau.de/multimedia/bilder/bilderderwoche136.html

lunar
21.12.2009, 09:07
20 December 2009

Christmas 2009 (http://jessescrossroadscafe.blogspot.com/2009/12/christmas-2009.html)
They were a boy and girl. Yellow, meagre, ragged, scowling, wolfish; but prostrate, too, in their humility. Where graceful youth should have filled their features out, and touched them with its freshest tints, a stale and shrivelled hand, like that of age, had pinched, and twisted them, and pulled them into shreds. Where angels might have sat enthroned, devils lurked, and glared out menacing. No change, no degradation, no perversion of humanity, in any grade, through all the mysteries of wonderful creation, has monsters half so horrible and dread.

Scrooge started back, appalled. Having them shown to him in this way, he tried to say they were fine children, but the words choked themselves, rather than be parties to a lie of such enormous magnitude.

``Spirit! are they yours?'' Scrooge could say no more.

``They are Man's,'' said the Spirit, looking down upon them. ``And they cling to me, appealing from their fathers."

"This boy is Ignorance. This girl is Want. Beware them both, and all of their degree, but most of all beware this boy, for on his brow I see that written which is Doom, unless the writing be erased. Deny it!'' cried the Spirit, stretching out its hand towards the City. ``Slander those who tell it ye! Admit it for your false purposes, and make it worse! And await the end!''

``Have they no refuge or resource?'' cried Scrooge.

``Are there no prisons?'' said the Spirit, turning on him for the last time with his own words. ``Are there no workhouses?''

The bell struck twelve.

Scrooge looked about him for the Ghost, and saw it not. As the last stroke ceased to vibrate, he remembered the prediction of old Jacob Marley, and lifting up his eyes, beheld a solemn Phantom, draped and hooded, coming, like a mist along the ground, towards him.

Charles Dickens, A Christmas Caroll6MFN8yiVc0&feature

“Earth provides enough to satisfy every man's need, but not every man's greed." Mohandas K. Ghandi

Posted by Jesse at 9:31 PM (http://jessescrossroadscafe.blogspot.com/2009/12/christmas-2009.html) :verbeug

lunar
21.12.2009, 10:01
Folgen des Kopenhagen-Desasters

Willkommen im Club der Verlierer (http://www.spiegel.de/wissenschaft/mensch/0,1518,668126,00.html)


Nach dem Fiasko von Kopenhagen setzen Umweltschützer auf einen Neuanfang zur Rettung des Klimas - doch für mehrere Länder und Akteure kommen diese Bemühungen zu spät: Sie sind unmittelbar vom Scheitern des Gipfels betroffen. SPIEGEL ONLINE analysiert, wer jetzt zu den Verlierern zählt. Von Christoph Seidler mehr... (http://www.spiegel.de/wissenschaft/mensch/0,1518,668126,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=10058) ]

4. Teil: Die USA: von China bedrängt (http://www.spiegel.de/wissenschaft/mensch/0,1518,668126-4,00.html) :rolleyes

lunar
21.12.2009, 10:24
http://www.nposolution.com/epaper/taz/logon.gif

Fast wie am Nordpol

Zürich erstarrte am Wochenende in der Arktisluft, die bis zu minus 14 Grad kalt war. Von der Waid aus war am Sonntagmorgen zu sehen, wie die Heizungen auf Volldampf liefen.

lunar
21.12.2009, 10:29
Langlauf in New York

Der Winter gibt sich auch im Osten der USA stürmisch. Neben Problemen mit dem Verkehr und der Stromversorgung bringt er jedoch auch unvermutet friedliche Freuden.

lunar
21.12.2009, 10:32
'OMINOUSLY DYSFUNCTIONAL'
(http://www.nytimes.com/2009/12/21/opinion/21krugman.html?src=twt&twt=NytimesKrugman&pagewanted=print) Krugman: Health Care Fight Shows An Effectively Paralyzed Government (http://www.nytimes.com/2009/12/21/opinion/21krugman.html?src=twt&twt=NytimesKrugman)

http://images.huffingtonpost.com/gen/127748/thumbs/r-HEALTH-CARE-VOTE-huge.jpg (http://www.nytimes.com/2009/12/21/opinion/21krugman.html?src=twt&twt=NytimesKrugman&pagewanted=print)


Senate Health Care Bill Clears Major Hurdle... (http://www.huffingtonpost.com/2009/12/21/senate-health-care-bill-c_n_398910.html) Feingold: Obama Responsible For Loss Of Public Option... (http://www.huffingtonpost.com/2009/12/20/feingold-obama-responsibl_n_398658.html) Senate Bill Gift Wrapped For Lobbyists...
(http://www.chicagotribune.com/health/chi-health-lobbyists_bddec20,0,5453763,print.story) Arianna: Lobbyists Should Be Time's Persons Of The Year (http://www.huffingtonpost.com/arianna-huffington/sunday-roundup_b_398108.html)





Quick Read (http://www.huffingtonpost.com/2009/12/20/krugman-health-care-fight_n_398786.html) |
Comments (2983) (http://www.huffingtonpost.com/2009/12/20/krugman-health-care-fight_n_398786.html)
| Health Care (http://www.huffingtonpost.com/news/health-care)

lunar
21.12.2009, 10:47
*************** 21. Dezember ***************

lunar
21.12.2009, 14:31
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Goldman's Attempt To Ambush Dollar Aborted, Tactical Shorts Closed As Stop Losses Hit (http://www.zerohedge.com/article/goldmans-attempt-ambush-dollar-aborted-tactical-shorts-closed-stop-losses-hit)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/21/2009 05:29 -0500

Just as the year end onslaught on the dollar was spearheaded to a climax by Blankfein's minions, so did Europe finally decide to convulse under an unbearable lead of ridiculous mispriced "assets" and vomited up a whole load of troubling financial data, which spread from Greece to Austria to Ireland, setting sovereign CDS to multi month highs. Obviously, this did not help the weak dollar case and cost GS traders a few hundred million. Last Friday we were stopped out of two tactical trades, long EUR/$ for a potential loss of 1.8% and long GBP/$ for a potential loss of 1.1%. - Goldman Sachs



6 comments (http://www.zerohedge.com/article/goldmans-attempt-ambush-dollar-aborted-tactical-shorts-closed-stop-losses-hit#comments)
Read more (http://www.zerohedge.com/article/goldmans-attempt-ambush-dollar-aborted-tactical-shorts-closed-stop-losses-hit)
.

http://www.zerohedge.com/sites/default/files/pictures/picture-4102.jpg
by Apocalypse Now
on Mon, 12/21/2009 - 05:57
#170753 (http://www.zerohedge.com/article/goldmans-attempt-ambush-dollar-aborted-tactical-shorts-closed-stop-losses-hit#comment-170753)

I thought Goldman recently stated (reported here in the last month) that they expected a 20% dollar rally and that it would occur between 3 days or 3 months. It would appear that the trades listed above contradict this dollar strength statement.


http://www.zerohedge.com/sites/default/files/pictures/picture-7287.jpg
by estaog
on Mon, 12/21/2009 - 06:14
#170756 (http://www.zerohedge.com/article/goldmans-attempt-ambush-dollar-aborted-tactical-shorts-closed-stop-losses-hit#comment-170756)

All their reports have a disclaimer saying their proprietary traders may take positions contrary to the analysis for clients.


http://www.zerohedge.com/images/bagicon.png
by Ivanovich
on Mon, 12/21/2009 - 06:14
#170757 (http://www.zerohedge.com/article/goldmans-attempt-ambush-dollar-aborted-tactical-shorts-closed-stop-losses-hit#comment-170757)

I was just about to say it, but Apocalypse Now said it for me. A month or so ago Goldman came out with a "short the EUR/USD" call saying dollar strength was coming and it was silly to be long EUR/USD at these levels.

Yet another example of Goldman bullshit. Why anyone listens to these guys when they talk out of the side of their mouth is indeed a mystery.

http://www.zerohedge.com/images/bagicon.png
by Anonymous
on Mon, 12/21/2009 - 06:25
#170758 (http://www.zerohedge.com/article/goldmans-attempt-ambush-dollar-aborted-tactical-shorts-closed-stop-losses-hit#comment-170758)

These guys aren't in the business of giving you free advice. They are in the business of making money for themselves and GS, period.

lunar
21.12.2009, 14:45
Frankreich will gestohlene HSBC-Daten zurückgeben (http://www.cash.ch/news/front/frankreich_will_gestohlene_hsbcdaten_zurueckgeben-857907-449)

21.12.09, 13:37

Frankreichs Justiz ist bereit, die bei Hervé Falciani Anfang Jahr sichergestellten HSBC-Kundendaten der Schweiz zu liefern. mehr » (http://www.cash.ch/news/front/frankreich_will_gestohlene_hsbcdaten_zurueckgeben-857907-449)

:rolleyes




http://www.cash.ch/css/cssimg/icons/img_href.gifHSBC: Schweiz war schon 2006 informiert mehr » (http://www.cash.ch/news/topnews/hsbc_schweiz_war_schon_2006_informiert-857745-448)
http://www.cash.ch/css/cssimg/icons/img_href.gifHSBC-Chef Zeller äussert sich erstmals zu Datendiebstahl mehr » (http://www.cash.ch/news/alle/hsbcchef_zeller_aeussert_sich_erstmals_zu_datendiebstahl-857584-448)

lunar
21.12.2009, 14:52
Credit Suisse laut IFR Bank des Jahres (http://www.cash.ch/news/front/credit_suisse_laut_ifr_bank_des_jahres-857849-449)

21.12.09, 12:26

Die Credit Suisse hat im Krisenjahr alles richtig gemacht: Die Fachzeitschrift «International Financing Review» hat die CS nun zur Bank des Jahres gekürt. mehr » (http://www.cash.ch/news/front/credit_suisse_laut_ifr_bank_des_jahres-857849-449)


:gruebel na ja, Obama hat schliesslich auch einen Preis bekommen :rolleyes:oo

lunar
21.12.2009, 14:58
Dollar steigt - Euro unter 1,50 Franken (http://www.cash.ch/news/front/dollar_steigt_euro_unter_150_franken-857801-449)

http://img.cash.ch/news/235/5713_Franken%5FEuro%5FChart%5F21%2E12%2E09.jpg (http://www.cash.ch/news/front/dollar_steigt_euro_unter_150_franken-857801-449) Aktualisiert um 12:17 Uhr

Der Dollar wird zum Jahresende zur gefragten Währung: Gegen den Franken und den Euro steigt die US-Währung auf ein Dreimonats-Hoch. Dagegen fällt der Euro unter die Marke von 1,50 Franken. mehr » (http://www.cash.ch/news/front/dollar_steigt_euro_unter_150_franken-857801-449)





http://www.cash.ch/css/cssimg/icons/img_href.gif«Wir haben über 40 Milliarden Franken verwendet» mehr »:rolleyes (http://www.cash.ch/news/alle/wir_haben_ueber_40_milliarden_franken_verwendet-854202-448)
http://www.cash.ch/css/cssimg/icons/img_href.gifSNB tritt Franken-Aufwertung weiterhin entgegen mehr » (http://www.cash.ch/news/alle/snb_tritt_frankenaufwertung_weiterhin_entgegen-850771-448)

lunar
21.12.2009, 15:05
Sheeple of Amerika (http://goldtent.net/wp_gold/2009/12/21/sheeple-of-amerika/)

by prezone @ 8:32 am.

RaP0q_ONLYI&feature :supi

lunar
21.12.2009, 17:09
Politics (http://www.huffingtonpost.com/politics/)GOP Senator Appears To Wish Robert Byrd Dead To Spoil Health Care Vote (http://www.huffingtonpost.com/2009/12/21/robert-byrds-death-seemin_n_399038.html)

http://images.huffingtonpost.com/gen/127771/thumbs/s-BYRD-large.jpg (http://www.huffingtonpost.com/2009/12/21/robert-byrds-death-seemin_n_399038.html)




Quick Read (http://www.huffingtonpost.com/2009/12/21/robert-byrds-death-seemin_n_399038.html) |
Comments (1001) (http://www.huffingtonpost.com/2009/12/21/robert-byrds-death-seemin_n_399038.html)
| Video (http://www.huffingtonpost.com/news/video)

kahHfIYjb90&feature

:gomad :dumm das geht einfach zu weit :bad


Posted 11:02 AM on 12/21/2009
sherbug (http://www.huffingtonpost.com/users/profile/sherbug)
This is the 21st Century. Why couldn't Byrd to wheeled to his computer in his home and answered the roll call via video conferencing. You wonder why is everything done just like it has been done for 232 years. There was no reason on earth to drag that poor soul out of his home in the freezing cold.
For a few grand they could hook up the chamber with video conferencing capability. I'm sure there is a company in D.C. who would be grateful for the work.


Posted 11:02 AM on 12/21/2009
+ (http://javascript%3Cb%3E%3C/b%3E:void%280%29) nkclark (http://www.huffingtonpost.com/users/profile/nkclark)
500 years from now people will remember and revere Robert Byrd as one of the greatest Senators in American history. Coburn will be forgotten within 500 hours of his none-to-soon departure from the Senate.


Posted 11:01 AM on 12/21/2009
+ (http://javascript%3Cb%3E%3C/b%3E:void%280%29) baseline (http://www.huffingtonpost.com/users/profile/baseline)
Some of those who are against health reform are just digging their own grave. Maybe we should just let them do it.

lunar
21.12.2009, 22:11
08.00 Uhr, letztes Update: 14.38 Uhr

Zusammenstösse bei Trauerfeier für Montazeri

Die iranische Opposition formiert sich wieder: Am Rande des Trauerzugs für den verstorbenen regimekritischen Geistlichen Hossein Ali Montazeri ist es in der Stadt Ghom offenbar zu Ausschreitungen gekommen.
Zehntausende Oppositionelle nahmen an der Trauerfeier in Ghom teil.

http://www.drs.ch/www/de/drs/nachrichten/international/159916.zusammenstoesse-bei-trauerfeier-fuer-montazeri.html

lunar
22.12.2009, 09:03
Clusterf#@k to the Poor House - Flight Delay


Bad weather prevents CEOs of the three biggest financial institutions to attend a meeting with President Obama.


http://www.thedailyshow.com/watch/tue-december-15-2009/clusterf--k-to-the-poor-house---flight-delay

Zum Original-Beitrag (http://showthread.php3?p=1280683#post1280683)
...simply the best :supi

lunar
22.12.2009, 09:12
Best of MERIAN 2009

Märchen aus dem Moor (http://www.merian.de/reiseziele/artikel/a-667996.html)

Bizarre Steine, scharfer Wind, mystische Momente. Manch einer kommt eigens nach Dartmoor, um sich gepflegt zu gruseln. MERIAN.de präsentiert die besten Reisereportagen 2009 - und entführt Sie in eine der schaurig-schönsten Landschaften Englands: Cornwall, wie es kaum einer kennt. Von Bjørn Erik Sass mehr... (http://www.merian.de/reiseziele/artikel/a-667996.html)





http://www.spiegel.de/static/sys/v9/icons/ic_listbullet.gifMERIAN.de: Lesen Sie mehr auf der Homepage (Merian) (http://www.merian.de/reiseziele/artikel/a-653188.html)
http://www.spiegel.de/static/sys/v9/icons/ic_listbullet.gifBristol: Sound der Stadt (Merian) (http://www.merian.de/reiseziele/artikel/a-645467.html)
http://www.spiegel.de/static/sys/v9/icons/ic_listbullet.gifBath: Kurort der Könige (Merian) (http://www.merian.de/reiseziele/artikel/a-645465.html)
http://www.spiegel.de/static/sys/v9/icons/ic_listbullet.gifSt. Ives: So schön zu malen (Merian) (http://www.merian.de/reiseziele/artikel/a-645470.html)

lunar
22.12.2009, 09:31
UNEMPLOYMENT PROGRAMS IN 40 STATES ABOUT TO GO BROKE (http://www.washingtonpost.com/wp-dyn/content/article/2009/12/21/AR2009122103269.html)
States Will Need $90 Billion In Loans To Keep Issuing Checks, Feds Say (http://www.washingtonpost.com/wp-dyn/content/article/2009/12/21/AR2009122103269.html)

http://images.huffingtonpost.com/gen/128060/thumbs/r-UNEMPLOYMENT-NEW-huge.jpg (http://www.washingtonpost.com/wp-dyn/content/article/2009/12/21/AR2009122103269.html)






Quick Read (http://www.huffingtonpost.com/2009/12/21/unemployment-programs-in-_n_400152.html) |
Comments (1308) (http://www.huffingtonpost.com/2009/12/21/unemployment-programs-in-_n_400152.html)
| Financial Crisis (http://www.huffingtonpost.com/news/wall-street)
.
Paul Peete [/url] http://www.huffingtonpost.com/contributors/paul-peete/headshot.jpg [url="http://www.huffingtonpost.com/users/profile/hp_blogger_Paul%20Peete"]
(http://www.huffingtonpost.com/2009/12/21/unemployment-programs-in-_n_400152.html?show_comment_id=36795145#comment_36795145)
The Left's lack of faith has become a self-fulfilling "prophecy" --- snipe at the President and then watch the poll numbers fall and then pretend you didn't have anything to do with it!

This is the new media. The MSM is caught in a cycle of knocking the Obama presidency because it garners readers and support. Readers misinformed and support for unsustainable options (singe payer, Public Option, Medicare extension to 55 and older), go ahead and follow their lead. Who is next Sarah Palin? Please don't do this to America, I'm too old to relocate




msbadger (http://www.huffingtonpost.com/users/profile/msbadger)

http://images.huffingtonpost.com/profiles/599840.png?20091023010844 (http://www.huffingtonpost.com/users/profile/msbadger)
Escribacat: Here's the link I spoke of downthread. It is good.... Not to contradict the stuff we're all rightfully peeved about, but here 'tis.

http://www.dailykos.com/storyonly/2009/12/21/817723/-Frank-Schaeffer-asked-for-this-to-be-passed-on

lunar
22.12.2009, 09:37
Taxpayers Help Goldman Sachs Reach Height Of Profit In New Skyscraper (http://www.bloomberg.com/apps/news?pid=20601109&sid=aaLwI2SKYQJg&pos=10)

http://images.huffingtonpost.com/gen/128064/thumbs/s-DO-NOT-USE-large.jpg (http://www.bloomberg.com/apps/news?pid=20601109&sid=aaLwI2SKYQJg&pos=10)



Drew Westen: Leadership, Obama Style, and the Looming Losses in 2010: Pretty Speeches, Compromised Values, and the Quest for the Lowest Common Denominator (http://www.huffingtonpost.com/drew-westen/leadership-obama-style-an_b_398813.html)


Michael B. Laskoff: The Obama Doctrine: Pen, Sword and Soap Box (http://www.huffingtonpost.com/michael-b-laskoff/the-obama-doctrine-pen-sw_b_398783.html)


Quick Read (http://www.huffingtonpost.com/2009/12/22/taxpayers-help-goldman-sa_n_400203.html) |
Comments (http://www.huffingtonpost.com/2009/12/22/taxpayers-help-goldman-sa_n_400203.html)
| Banks (http://www.huffingtonpost.com/news/banks)
.
alex98 (http://www.huffingtonpost.com/users/profile/alex98) http://images.huffingtonpost.com/profiles/511620-2.png?20090522030948 (http://www.huffingtonpost.com/users/profile/alex98)
I'm so glad I could do my part to help Goldman Sachs get even richer... In future I'll just send my tax payments directly to them.

textynn (http://www.huffingtonpost.com/users/profile/textynn)
http://images.huffingtonpost.com/profiles/87483.png?20090510132305 (http://www.huffingtonpost.com/users/profile/textynn)
Wow the financial industry making more money than ever. Health care for profits' stocks going through the roof. Wow, the recession is over.


.....wann wird denen endlich der Hahnen zugedreht :rolleyes:mad

lunar
22.12.2009, 12:57
....aus trader's daily :)

Zitat des Tages
"El amor todo lo vence, el dinero todo lo alcanza, todo culmina con la muerte, el tiempo todo lo sella. - Alles besiegt die Liebe, alles erreicht das Geld, alles endet mit dem Tode, alles verschlingt die Zeit."

- Spanisches Sprichwort

lunar
22.12.2009, 13:27
«Weihnachten»

von Sabina Bobst. «Das Bild irritiert. Was hat dieses Weihnachtsbäumchen mit Lamettaschal und Kugelohrringen im ausgeforsteten, durchgefrorenen Tannenwald oberhalb des Albisgüetli zu suchen? Wurde das alles inszeniert, oder hat jemand aus lauter Freude eine Jungtanne geschmückt? Betrug oder Wunder? Die Antwort liegt beim Betrachter – wie beim ganzen Weihnachtsfest.»

lunar
22.12.2009, 16:32
http://www.zerohedge.com/sites/default/files/pictures/picture-10.png
The Real Iraqi Crude Story (Hint: It Ain't Iran) (http://www.zerohedge.com/article/real-iraqi-crude-story-hint-it-aint-iran)

Submitted by Marla Singer (http://www.zerohedge.com/users/marla-singer) on 12/22/2009 09:55 -0500

Sadly, media misfeasance (or malfeasance) has become such a common experience that it begins to look like a go-to story on Zero Hedge during slow news cycles. All we can say is that despite its increasingly droll repetition, we think media degradation in all its forms an important issue. So when, just for instance, the mainstream media jumps all over the Iranian "invasion" of Iraq to seize oil wells, despite the fact that the seizure of the well itself is only one of a rather unremarkable series of similar incidents in exactly the same disputed area going back years, and at the same time totally ignores the much more serious news of terrorist attacks on Iraqi pipelines that actually halt about 400,000 barrels per day of crude flow, well, we are just not that surprised anymore. One has to go to Alsumaria, Iraq's satellite channel, to find this story today.



1 comment (http://www.zerohedge.com/article/real-iraqi-crude-story-hint-it-aint-iran#comments)
Read more (http://www.zerohedge.com/article/real-iraqi-crude-story-hint-it-aint-iran)
.
....was auf dieser Welt ist nicht manipuliert :confused:rolleyes:mad

lunar
22.12.2009, 16:42
http://www.zerohedge.com/sites/default/files/pictures/picture-10.png
SAC's Heavy Hand Prompts Thomson Reuters to Join the Journalistic Capture Hall of Shame (http://www.zerohedge.com/article/sacs-heavy-hand-prompts-thomson-reuters-join-journalistic-capture-hall-shame)

Submitted by Marla Singer (http://www.zerohedge.com/users/marla-singer) on 12/22/2009 07:27 -0500

http://www.zerohedge.com/sites/default/files/images/user10/imageroot/insider.pngRegular readers of Zero Hedge will be keenly aware of our animosity for, if not the mainstream media, the malaise that has gripped the mainstream media's ethos (and a massive swelling of its increasingly corrupt pathos, as it happens). Our expressions of disgust (http://www.zerohedge.com/article/open-letter-financial-media) go back months, even as far back as the birth of Zero Hedge itself. So, today, when we recognize new manifestations of these illnesses, we are far past the point of outrage. Our reaction might be better described as a slow, mournful shake of the head indicative of an almost bored (and certainly unsurprised) resignation. The decline of journalism (and the resultant and pending takeover of yet another broken business model by the Federal Government) is a common theme here at Zero Hedge because it is so common a theme. This morning it is Reuters that prompts our sad response.



27 comments (http://www.zerohedge.com/article/sacs-heavy-hand-prompts-thomson-reuters-join-journalistic-capture-hall-shame#comments)
Read more (http://www.zerohedge.com/article/sacs-heavy-hand-prompts-thomson-reuters-join-journalistic-capture-hall-shame)
.
http://www.zerohedge.com/sites/default/files/pictures/picture-603.gif
by deadhead
on Tue, 12/22/2009 - 08:09
#171499 (http://www.zerohedge.com/article/sacs-heavy-hand-prompts-thomson-reuters-join-journalistic-capture-hall-shame#comment-171499)


Well said and an excellent insight Marla.

The major media outlets have failed miserably in digging for and presenting objective information.

This was predicted many years ago when corporate interests (GE being a perfect example) started buying media and press companies.

Just another card in the house of cards of lies, fraud, cheating and CONfidence building that the United States has built itself upon.

Funny how we universally teach out children to "tell the truth" yet abandon that mantra with fury as we become adults. We are paying the price now.
(http://www.zerohedge.com/comment/reply/47055/171499)

http://www.zerohedge.com/sites/default/files/pictures/picture-5986.gif
by serendipitous_one
on Tue, 12/22/2009 - 08:13
#171500 (http://www.zerohedge.com/article/sacs-heavy-hand-prompts-thomson-reuters-join-journalistic-capture-hall-shame#comment-171500)

But, then, that is what Zero Hedge is for.

You're damn right! Great job (as always), Marla. MSM is going to have an increasingly difficult time keeping their dirty laundry out of the public eye with folks like you and the rest of the ZH band of purported "ne'er-do-wells" on the job! Well done!




....gehört wohl auch dazu :rolleyes ...was auf dieser Welt ist nicht manipuliert

Hoka
22.12.2009, 17:10
Bankgeheimnis im Volk verankert

Das Bankgeheimnis hat in der Schweizer Bevölkerung nach wie vor grossen Rückhalt. 72 Prozent der Befragten bezeichneten es in einer Online-Befragung als schützenswert.

In einer Volksabstimmung würden sich laut einer Online-Umfrage des Psychologischen Instituts der Universität Zürich 65 Prozent gegen die Abschaffung des Bankgeheimnisses für In- und Ausländer aussprechen. Steigt der internationale Druck, erhöht sich auch die Verteidigungsbereitschaft im Volk, kamen die Forschenden des Uni-Instituts zum Schluss.

http://www.20min.ch/finance/dossier/bankgeheimnis/story/12698288

Irgendwie passt dieses Volk einfach nicht zu seiner Regierung. http://www.stock-channel.net/stockselect/stock-board/images/smilies/rolleyes.gif

lunar
22.12.2009, 17:38
Irgendwie passt dieses Volk einfach nicht zu seiner Regierung. http://www.stock-channel.net/stockselect/stock-board/images/smilies/rolleyes.gif

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1280869#post1280869)
...irgendwie passt so einiges nicht :rolleyes;)

http://goldtent.net/wp_gold/wp-content/uploads/2009/12/kipper-williams-christmas-006.jpg

lunar
22.12.2009, 18:07
ozymandius 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=114346) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=114346&level=three) Tue Dec-22-09 06:36 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4194790&mesg_id=4194790) 4. Banks with political ties got bailouts, study shows http://upload.democraticunderground.com/discuss/images/avatars/earth.gifThey really had to do a study about this? - ozy

NEW YORK (Reuters) – U.S. banks that spent more money on lobbying were more likely to get government bailout money, according to a study released on Monday.

Banks whose executives served on Federal Reserve boards were more likely to receive government bailout funds from the Troubled Asset Relief Program, according to the study from Ran Duchin and Denis Sosyura, professors at the University of Michigan's Ross School of Business.

Banks with headquarters in the district of a U.S. House of Representatives member who serves on a committee or subcommittee relating to TARP also received more funds.
.....

Banks with an executive who sat on the board of a Federal Reserve Bank were 31 percent more likely to get bailouts through TARP's Capital Purchase Program, the study showed. Banks with ties to a finance committee member were 26 percent more likely to get capital purchase program funds.

http://news.yahoo.com/s/nm/20091221/bs_nm/us_banks_stud... (http://news.yahoo.com/s/nm/20091221/bs_nm/us_banks_study)

lunar
22.12.2009, 18:20
US vs China: Watch the power game play out

21 Dec 2009, 1211 hrs IST, Andy Mukherjee,

http://economictimes.indiatimes.com/thumb.cms?msid=5362372&width=200&resizemode=4 (http://economictimes.indiatimes.com/Markets/Stocks/Views/Recommendations/US-vs-China-Watch-the-power-game-play-out/articleshow/5356262.cms?curpg=1#)
See interview ofr Marc Faber on Gloom, Boom & Doom: Part 1 (http://economictimes.indiatimes.com/videoshow/5356656.cms) |Part 2 (http://economictimes.indiatimes.com/videoshow/5356674.cms) | Part 3 (http://economictimes.indiatimes.com/videoshow/5356857.cms)

Dr Faber, in the September issue of the Gloom, Boom & Doom Report you said that the future will be a total disaster with a collapse of our capitalistic system as we know it. Three months later do you still stand by that assessment or did you underestimate the power of the governments to shore up the global economy?

Well, I think we had this huge intervention in the world but if you look at the cause of the financial crisis. The cause of the financial crisis was excessive credit growth and essentially the private sector has reacted rationally. After 2008, the private sector has reduced its leverage, in other words, the consumer credit is declining and is also declining but this is being offset by a huge expansion of government credit. So total credit as a percent of the economy in the US is still growing. Now officially, the debt to GDP is 375%, it was 186% when the US went into depression after 1929. In other words, we start with a much higher debt level. In 1929 we did not have social security and we did not have Medicare and and if you add this unfunded liabilities of Medicare and Medicaid and if you add Fannie Mae and Freddie Mac, that have been taken over by the government, we are talking about the debt to GDP of over 600%. In my opinion, in the long run, this is not sustainable. They will have to print and the fiscal deficits will go up and the problem will be that one day when interest rates go up for whatever reason and may be next year or in three years time, the interest payments on the government debt will balloon and in say seven years time, the interest payments on the US government debt will be between 35% to 50% of tax revenues and when you are in a huge mess.

And so I believe that to get out of this mess, they will monetise and they will have all kind of stimulus packages and they will lead to high inflation and the standards of living of the typical household will go down and it will enrich a few people the elite essentially on Wall Street. But then to distract the attention, the US will escalate its war efforts and then all thing will collapse. But, you know, it can be in ten years time, could be in five years time, could be in three years time, could be 12 years time, who knows but that is essentially my long term very negative view. Now as an investor, you cannot sit there then I don't do anything at all because by being in cash you have zero interest so you have to do something and so I think that equities are probably a better place to hide than government bonds....

full story: http://economictimes.indiatimes.com/Markets/Stocks/Views/Recommendations/US-vs-China-Watch-the-power-game-play-out/articleshow/5356262.cms?curpg=1

click for Yahoo TechTicker video: http://finance.yahoo.com/tech-ticker/marc-faber-avoid-the-u.s.-disaster-buy-wheat-sugar-natural-gas-and-japan-in-2010-395425.html?tickers=

lunar
22.12.2009, 19:07
....weil's so schön ist :oo:D

The Bernanke Fed (http://jessescrossroadscafe.blogspot.com/2009/12/quote-of-week.html)


"Mr. Bernanke, an academic who has never worked a single day in his life. He will take anything off a cliff: a business, a McDonald's stand, the Federal Reserve. And I have to say I have a certain sympathy for him as a character. He's ok, but completely useless. I would not even hire him as my butler...Mr Bernanke is a madman, a destroyer of the value of money. And he is a wealth destroyer and an economic criminal. It is the duty of a central bank to keep the value of money. I believe today for ninety percent of Americans life is harder than it was in 1999. Basically I think they are a bunch of crooks." Marc Faber on King World News (http://kingworldnews.com/kingworldnews/King_World_News.html)

U.S. Stocks Suffer Their Worst Decade Ever (http://www.thedailybell.com/678/Stocks-Suffer-Worst-Decade-Ever.html) The Daily Bell

News & Views 12/22/2009 - by Staff Reports (ARBP) (http://www.thedailybell.com/Contributors.asp#%28ARBP%29)


(http://javascript%3Cimg%20src=%22images/smilies/tongue.gif%22%20border=%220%22%20alt=%22%22%20title=%22Zunge%20zeigen%22%20smilieid=%22115%22%20class=%22inlineimg%22%20/%3EopPrintWindow%28%27../printerVersion.asp?nid=678%27%29;) Stocks Suffer Worst Decade Ever

From today's WSJ, comes this (amusing) article about the past decade: It's the worst equity performance in nearly 2 centuries. Why do I say amusing? Because despite what many fools ... were claiming in the 1990s, stocks can only gain so much relative to earnings. Sure, other factors like population growth, economic expansion, productivity gains, all matter on the margins, but the bottom line is Earnings. But over the long haul, there is only so far you can run ahead of historical median rates of return. The current horrific decade lost half a percent each year on average versus average annual returns of about 10-12% over the past century. Why? This under-performance is payback for the massive gains in the salad days of the late 1990s. - The Insider.......



Posted by Jesse at 10:22 AM (http://jessescrossroadscafe.blogspot.com/2009/12/quote-of-week.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=3246744595693743674)

lunar
22.12.2009, 19:08
22 December 2009

Why Is Obama Such a Failure? (http://jessescrossroadscafe.blogspot.com/2009/12/why-is-obama-such-failure.html)

"What's costing the president are three things: a laissez faire style of leadership that appears weak and removed to everyday Americans, a failure to articulate and defend any coherent ideological position on virtually anything, and a widespread perception that he cares more about special interests like bank, credit card, oil and coal, and health and pharmaceutical companies than he does about the people they are shafting." Drew Westen, Leadership Obama Style (http://www.huffingtonpost.com/drew-westen/leadership-obama-style-an_b_398813.html)I think it is more that last of the three than anything else, and explains the others. Obama is captive to special interests, as are many of the key members of the Congress, and the Obama Administration, and the Federal Reserve. And I should add his two predecessors.

It explains why he cannot articulate a coherent ideological position and make it stick. Make no mistake, he is a smart and verbally adept individual, a gifted person intellectually. But he cannot adhere to principles because he has abandoned whatever principles he may have had to serve a variety of corrupting interests. And he appears laissez faire and distant because he is a figurehead, a household servant, and not in control.

What makes Obama a greater failure than either Bush or Clinton is that he was elected on the promise of reform, a promised change, a political renewal in a country sickened by the erosion if not betrayal of its republic by men who view the Constitution as 'just a goddam piece of paper.'"Somehow the president has managed to turn a base of new and progressive voters he himself energized like no one else could in 2008 into the likely stay-at-home voters of 2010, souring an entire generation of young people to the political process. It isn't hard for them to see that the winners seem to be the same no matter who the voters select (Wall Street, big oil, big Pharma, the insurance industry). In fact, the president's leadership style, combined with the Democratic Congress's penchant for making its sausage in public and producing new and usually more tasteless recipes every day, has had a very high toll far from the left: smack in the center of the political spectrum.

What's costing the president and courting danger for Democrats in 2010 isn't a question of left or right, because the president has accomplished the remarkable feat of both demoralizing the base and completely turning off voters in the center. If this were an ideological issue, that would not be the case. He would be holding either the middle or the left, not losing both."The American people and what passes for their thought leaders in a captive media and a craven academy are a significant part of the problem. Rather than engaging in serious critical thought, most poltical reactions are cartoon-like, an emotional and visceral red vs. blue mentality that is so painfully evident in their Sunday morning television programs, that is more appropriate to the elementary school playing fields than serious political discussion or the work of running a country. What is held out as the alternative to Obama by the opposition? A brainless Bimbette, or some other servile hack of the machine, who in turn will serve the special interests of the corporations all too well, but will give a different portion of the voting public a sense of 'victory' as their slavery is made complete."The government consists of a gang of men exactly like you and me. They have no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can't get and to promise to give it to them. In other words, government is a broker in pillage, and every election is sort of an advance auction sale of stolen goods." H. L. MenckenMenchken is of course directionally correct, but I am not so cynical as he was. The American people had done better in conducting an idealistic revolution and the founding of a republic, and tempered it with the blood of patriots. And so it was the light of the world. And they can do better than this again.

Posted by Jesse at 10:35 AM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/why-is-obama-such-failure.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1944081287607216075)

Hoka
23.12.2009, 02:41
New Accounting Rule Delayed

Banks were saved in March when mark to market rules were overturned. Now another occurrence of "magic powder dispersion" is saving them again. An article by Silla Brush at The Hill.com (here (http://thehill.com/business-a-lobbying/72649-accounting-rule-impact-delayed)) describes an announcement Friday (December 18) by the FDIC (Federal Deposit Insurance Corporation) that banks can delay up to one year the implementation of a new accounting rule from the FASB (Financial Accounting Standards Board) that will force the end to a manipulation banks have been using to hide risky assets.
...

http://seekingalpha.com/article/178994-new-accounting-rule-delayed

lunar
23.12.2009, 09:19
New Accounting Rule Delayed

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1280936#post1280936)




http://seekingalpha.com/images/user/commenter_gray.png (http://seekingalpha.com/user/53773/profile)

basehitz: (http://seekingalpha.com/user/53773/comments)

(http://seekingalpha.com/user/53773/comments)

"Extend and pretend" remains the policy.

Congress extended and expanded homebuyer handouts while Banana Ben keeps printing to overpay for MBS that no one wants, all in order to artificially boost real estate values. Many stories document lenders' footdragging the foreclosure process thru various schemes. CRE game playing as well. They know the bank balance sheet is not what is being touted.

But the pattern is all the same. Extend and pretend long enough, cheerlead loud enough, and hope they can convince the overleveraged consumer to borrow more money than they should to buy things they don't need.

Chris Whalen was interviewed on tech ticker on this.
http://finance.yahoo.com/tech-ticker/article/394808/Chris-Whalens-2010-Outlook:-%22A-Grudging-Admission-of-the-Truth%22&comment_start=21

lunar
23.12.2009, 09:21
(http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=7337802899078857666)
Third Quarter US GDP Comes In Significantly Lower Than Original Estimates (http://jessescrossroadscafe.blogspot.com/2009/12/third-quarter-us-gdp-comes-in.html)


http://2.bp.blogspot.com/_H2DePAZe2gA/SzGDgUR9zKI/AAAAAAAAK4g/BwXJXBeq4UI/s400/babylon.jpg (http://2.bp.blogspot.com/_H2DePAZe2gA/SzGDgUR9zKI/AAAAAAAAK4g/BwXJXBeq4UI/s1600-h/babylon.jpg) Could we have expected anything else from the Madoff nation, a country whose major export is fraud, and predominant industry a large scale variation of Liar's Poker?

GDP in the third quarter is significantly weaker than the results reported in late October. And even the positive value that remains is probably overstated by a chain deflator that underestimates the monetary expansion by the Fed.

Ironically it is ineffective because it is so heavily applied to a broken and outsized banking model rather than to the real economy.

Look for another cycle of exaggerated improvement for the 4th quarter, with later revisions bringing the number well back to earth.
Oh look here, the second quarter was bad indeed, but the third quarter is a miracle of growth. Thanks to the stimulus and automotive programs of the government disaster is averted and all is well....

Oh wait, the third quarter was not so good after all, but the indications are that the fourth quarter is a miracle of growth. Thanks to the housing programs of the government disaster is averted and all is well.

What, you deny this? Do you not wish things to be better? Are you a dollar basher? (repeat as necessary until the fraud collapses completely.)This is the campaign of perception management by the financial engineers in the Federal Reserve and the US government, and cynical statists of both the left and the right."The power of holding two contradictory beliefs in one's mind simultaneously, and accepting both of them....To tell deliberate lies while genuinely believing in them, to forget any fact that has become inconvenient, and then, when it becomes necessary again, to draw it back from oblivion for just so long as it is needed, to deny the existence of objective reality and all the while to take account of the reality which one denies — all this is indispensably necessary. Even in using the word doublethink it is necessary to exercise doublethink. For by using the word one admits that one is tampering with reality; by a fresh act of doublethink one erases this knowledge; and so on indefinitely, with the lie always one leap ahead of the truth." George Orwell“Through clever and constant application of propaganda, people can be made to see paradise as hell, or to consider the most wretched sort of life as a paradise.” Adolf Hitler"Print is the sharpest and the strongest weapon of our party. The writer is the engineer of the human mind." Josef StalinNY Times
(http://www.nytimes.com/2009/12/23/business/economy/23econ.html?partner=rss&emc=rss)Third-Quarter Growth Weaker Than First Thought
By JAVIER C. HERNANDEZ
December 23, 2009

The nascent economic recovery was weaker than expected in the third quarter, the government said Tuesday, held back by slow business construction and dwindling inventories.

The Commerce Department said the economy expanded at an annual rate of 2.2 percent from July through September, down from the original forecast of 3.5 percent, tempering some of the enthusiasm about the speed of economic renewal. The downward revision was well above average, but analysts still foresee stronger growth in the fourth quarter, as exports rise and an improved jobs market encourages consumer spending.

“We did get off to a slightly slower start than we had thought,” said Nigel Gault, chief United States economist for IHS Global Insight. “That would be very worrying if we didn’t have evidence that we had done well in the fourth quarter.” (The same evidence that will be significantly marked down after the fact, just like the original overstated estimates of 3rd quarter GDP - Jesse)......

Posted by Jesse at 6:09 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/third-quarter-us-gdp-comes-in.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2717227876145811988) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=2717227876145811988)
Category: financial engineering (http://jessescrossroadscafe.blogspot.com/search/label/financial%20engineering), GDP (http://jessescrossroadscafe.blogspot.com/search/label/GDP), Govenment statistics (http://jessescrossroadscafe.blogspot.com/search/label/Govenment%20statistics)

lunar
23.12.2009, 09:39
Tuesday, December 22, 2009

Guest Post: The Real Reason Newspapers Are Losing Money, And Why Bailing Out Failing Newspapers Would Create Moral Hazard in the Media (http://www.nakedcapitalism.com/2009/12/guest-post-the-real-reason-newspapers-are-losing-money-and-why-bailing-out-failing-newspapers-would-create-moral-hazard-in-the-media.html)

http://s3.odiogo.com/odiogo_listen_now_77x18.gif (http://javascript%3Cb%3E%3C/b%3E:showOdiogoReadNowFrame%20%28%27121381%27,%20%27guest%20post%20the%20real%20reason%20newspapers%20are%20losing%20money%20and%20why%20bailing%20out%20failing%20newspapers%20would%20create%20moral%20hazard%20in%20the%20media%27,%20%270%27,%20290,%2055%29;)


By Washington’s Blog (http://www.washingtonsblog.com/).

Conventional wisdom is that the Internet is responsible for destroying the profits of traditional print media like newspapers.

But Michael Moore and Sean Paul Kelley are blaming the demise of newspapers on simple greed.

Michael Moore said (http://www.thewrap.com/ind-column/michael-moore-says-us-newspapers-slit-their-own-throats_7058) in September:
It’s not the Internet that has killed newspapers …

Instead, he said, it’s corporate greed. “These newspapers have slit their own throats,” he said. “Good riddance.”

Moore said that newspapers, bought up by corporations in the last generation, have pursued profits at the expense of news gathering. By basing their businesses on advertising over circulation, newspaper owners have neglected their true economic base and core constituency, he said…

And Moore cited newspapers like those in Baltimore or Detroit, his home town, with firing reporters that cover subjects that affect the community.

Ultimately, he said, this was self-defeating. It would be like GM deciding to discourage people from learning how to drive, he said.

“It’s their own greed, their own stupidity,” he said…

Similarly, Sean Paul Kelley writes (http://agonist.org/sean_paul_kelley/20091210/provide_a_public_service_with_small_profits_or_destroy_it_with_large_ones):

I don’t buy all the hype that the internet is even the primary culprit of the demise of journalism. The primary culprit is the same as it is all over the country, in every industry and in government: equity extraction.......

......This image gives a sense of the decline in diversity in media ownership over the last couple of decades:

http://www.corporations.org/media/media-ownership.gif (http://www.corporations.org/media/media-ownership.gif)

If traditional newspaper companies are bailed out, they will be encouraged to continue their business-as-usual, and new, fresh media voices will face a handicap to competition (just as the small banks are now unable to compete fairly against the too big to fails)........

lunar
23.12.2009, 09:48
Russel from Midas (http://goldtent.net/wp_gold/2009/12/22/russel-from-midas/)

by frr @ 17:11 pm.
and on Elliot Janeway, I’ve been commenting some time ago …

GOLD/SILVER

The venerable Richard Russell last evening…

December 21, 2009 — I see Fed Chairman Ben S. Bernanke has been chosen by Time mag as “Person of the Year” (cover picture with flaring columns of dollars that make Bennie look like Jesus). I think they should have entitled it, “the one-man committee to save the world.” But can Bennie really save the world? My advice to Bennie is, “Forget saving the world, just concentrate on saving the dollar.”

I think our numerous creditors are more interested in Ben saving the “almighty buck” than they are interested in Bernanke saving the world. I’m wondering how our leading creditor, China, feels about the crowning of Bernanke. I can just hear China’s premier muttering, “Never mind the accolades, mind the $1.5 trillion in US dollar-denominated securities that we’ve accumulated. What are our dollars going to be worth in 2050?” The Russell guess is that Bennie will not be taking his next vacation in Beijing (just kidding Bennie, just kidding, but you would do well to stay out of China).

Actually, the Fed is now facing its ultimate test or dilemma. If they continue to print Federal Reserve Notes (we still call them “dollars”) by the truck-load, the US will be dealing with unfunded liabilities adding up to a staggering one hundred trillion dollars. Of course, the problem with dealing with these liabilities is that they will fall on future generations and future administrations. On the other hand, if the Fed cuts back on its currency production, it’s probable that the nation will fall back into its deflationary bear market trend.

In the meantime, Mr. and Mrs. America are both angry and fearful. The full brunt of their anger is now focused on Washington. President Obama’s approval rating has plunged from its high of 61% to below 50%, and it now sits at 47% (WSJ poll). At the same time, public approval of Congress has skidded to a lowly 22%. The general sentiment seems to be, “Congress sold us out, now let’s throw the bums out.”

Many years ago, my good friend, Elliot Janeway (former business editor of Time magazine), took me aside and said, “Dick, when the president is in trouble, the stock market is in trouble”. I never forgot his words.

A few of my thoughts. On a valuation basis, stocks are now so expensive that if bought here, they will not provide attractive returns over the next decade. Remember, profits are made in the buying. Therefore, I think investment themes are going to change radically in the years ahead.

As the difficult stock market continues to frustrate investors, I think interest in stocks will fade. As the US public learns more about our incredible debt, I think there will be increasing interest in gold and other items of intrinsic and lasting wealth.

It is well to realize that gold is not a trading-item, gold represents a very specific asset class and an historic store of wealth. The essential value of gold does not change over the years, the value of everything else fluctuates AROUND GOLD. Gold is the basic unit of wealth…

***

Are we vindicated or what?! frr

lunar
23.12.2009, 12:34
...aus trader's daily :)

Gedicht des Tages
von Michael Vaupel

Mein Lebenslauf

Mein Lebenslauf ist bald erzählt,

In stiller Ewigkeit verloren

Schlief ich, und nichts hat mir gefehlt,

Bis daß ich sichtbar ward geboren.

Was aber nun? - Auf schwachen Krücken,

Ein leichtes Bündel auf dem Rücken,

Bin ich getrost dahingeholpert,

Bin über manchen Stein gestolpert,

Mitunter grad, mitunter krumm,

Und schließlich mußt' ich mich verschnaufen.

Bedenklich rieb ich meine Glatze

Und sah mich in der Gegend um.

0 weh! Ich war im Kreis gelaufen,

Stand wiederum am alten Platze,

Und vor mir dehnt sich lang und breit,

Wie ehedem, die Ewigkeit.

:supi - Wilhelm Busch (1832-1908)

lunar
23.12.2009, 13:20
'Blue Dog' Democrat To Switch Parties, Become Republican (http://www.huffingtonpost.com/2009/12/22/rep-parker-griffith-switc_n_400575.html)



XTheStrangerX (http://www.huffingtonpost.com/users/profile/XTheStrangerX)

Glad that a anti-women, anti-gay democrat left the party. He is right where he belongs, the party of white, Christian males.

+ (http://javascript%3Cb%3E%3C/b%3E:void%280%29) piper1233 (http://www.huffingtonpost.com/users/profile/piper1233)
Its time for all the Republicans that are Masquerading as Democrats to join the Republican Party, it means nothing to have a "Majority" when many of its members are plants from the opposition.

+ (http://javascript%3Cb%3E%3C/b%3E:void%280%29) AirViceMarshalPark (http://www.huffingtonpost.com/users/profile/AirViceMarshalPark)
Alabama, of course.

Without Federal Aid, there wouldn't be a paved road, school, hospital, police force, fire department, airport, college or electricity anywhere in the entire state.

+ (http://javascript%3Cb%3E%3C/b%3E:void%280%29) SecretSister (http://www.huffingtonpost.com/users/profile/SecretSister)
I am so glad that he came out of the closet and finally admitted his Trojan horse behavior.

lunar
23.12.2009, 17:14
http://www.nposolution.com/epaper/taz/logon.gif

Ein Jahr nach der israelischen Militäroffensive «Gegossenes Blei»

Gaza steht nach dem Krieg wieder vor dem Krieg

Die Hamas will angeblich ihre Geisel, den israelischen Soldaten Gilad Shalit, bald freilassen. Doch die versöhnliche Geste trügt. Im Gazastreifen rüsten die Palästinenser bereits wieder auf.

Von Peter Münch, Tel Aviv Gesten der Ohnmacht: Ein Veteran, der im Zweiten Weltkrieg an der Seite der Briten gekämpft hat, auf dem Grundstück seines zerbombten Hauses im nördlichen Gazastreifen. Foto: Marco Longari (AFP)

http://epaper3.tagesanzeiger.ch/ee/taz/ges/2009/12/23/008/

lunar
23.12.2009, 17:37
Fotostrecken

http://www.spiegel.de/img/0,1020,1032779,00.jpg (http://www.spiegel.de/fotostrecke/fotostrecke-26863.html)
http://www.spiegel.de/static/sys/v8/fotostrecken/pager-li.jpg (http://www.spiegel.de/fotostrecke/fotostrecke-26863-13.html) 1 VON 13 http://www.spiegel.de/static/sys/v8/fotostrecken/pager-re.jpg (http://www.spiegel.de/fotostrecke/fotostrecke-26863-2.html)


Der erste Weihnachtsbaum am Rockefeller Center (1931): Die Bauarbeiter stehen Schlange um ihren Lohn zu bekommen. Die kleine Fichte steht noch in der leeren Baugrube des Rockefeller Center.

Licht an!: Der Weihnachtsbaum erstrahlte um genau 20.58 Uhr - "Let it shine!", singt der Chor

lunar
23.12.2009, 19:20
23.12.2009, 13:28

Ford-Tochter Volvo geht an China

Das größte Privatunternehmen der Automobilbranche in China, Geely, sicherte sich am heutigen Mittwoch die schwedische Traditionsmarke Volvo. Chinas Branchenführer Geely ist seit langem auf der Suche nach moderner Technik.....

http://www.focus.de/finanzen/finanz-news/geely-ford-tochter-volvo-geht-an-china_aid_465567.html

...wer Hoffnungen hatte, dass die wirtschaftliche Öffnung auch weitere Öffnungen ermöglicht :gomad :bad :(


Prozess gegen berühmten Regimekritiker

Erschienen am 23. Dezember 2009

Unter scharfen Sicherheitsvorkehrungen und Ausschluss der internationalen Öffentlichkeit hat die chinesische (http://themen.t-online.de/news/china) Justiz einem der prominentesten Dissidenten den Prozess gemacht. Liu Xiaobo, der sich für mehr Demokratie und politische Reformen eingesetzt hat, wird Subversion vorgeworfen, ihm drohen bis zu 15 Jahre Haft. Nach Angaben seines Schwagers Liu Hui dauerte die Verhandlung vor dem Volksgericht in Peking rund zwei Stunden.

Die Behörden hinderten Diplomaten aus den USA (http://themen.t-online.de/news/usa) und der EU (http://themen.t-online.de/news/europaeische-union) daran, dem Prozess beizuwohnen. Das Urteil soll schon am Freitag verkündet werden - pünktlich zu Weihnachten im Westen. Aufgrund der Feiertage erhofft sich die chinesische Justiz Menschenrechtsorganisationen zufolge eine geringere internationale Aufmerksamkeit.......:gomad

http://nachrichten.t-online.de/china-prozess-gegen-beruehmten-regimekritiker/id_21149552/index

lunar
23.12.2009, 19:56
Zuletzt aktualisiert: 23.12.2009 um 14:42 Uhr 3 Kommentare (http://www.kleinezeitung.at/nachrichten/chronik/2246196/venedig-versinkt-zu-weihnachten-wasser.story#forummain) Venedig versinkt zu Weihnachten im Wasser

Die Lagunenstadt Venedig hat kurz vor Weihnachten ihren Hochwasser-Rekord des Jahres verzeichnet. Fast 1,5 Meter steht das Wasser über dem normalen Niveau.

Gespeist von den starken Niederschlägen der jüngsten Tiefdruckgebiete stieg das Wasser am Mittwoch in den Morgenstunden auf 143 Zentimeter über dem normalen Meeresspiegel. Ein solches außergewöhnliches "acqua alta", wie die Venezianer sagen, bedeutet, dass für mehr als die Hälfte des historischen Zentrums zumindest Gummistiefel benötigt werden - 56 Prozent stehen zeitweise unter Wasser, so die Experten.

Foto © AP - http://www.kleinezeitung.at/nachrichten/chronik/2246196/venedig-versinkt-zu-weihnachten-wasser.story





http://www.kleinezeitung.at/mmt//upload/images/original/pic_274131.jpg (http://www.kleinezeitung.at/nachrichten/chronik/multimedia.do?action=showEntry_detail&project=7849&_vl_backlink=/nachrichten/chronik/2246196/venedig-versinkt-zu-weihnachten-wasser.story) Venedig unter Wasser (http://www.kleinezeitung.at/nachrichten/chronik/multimedia.do?action=showEntry_detail&project=7849&_vl_backlink=/nachrichten/chronik/2246196/venedig-versinkt-zu-weihnachten-wasser.story)

lunar
23.12.2009, 20:12
23.12.2009

Neue Proteste in Iran

Polizei attackiert Demonstranten mit Tränengas


Neue Übergriffe bei einer Trauerfeier für Großajatollah Montaseri, den Mentor der Opposition: Die Polizei versuchte die Gedenkveranstaltung zu sprengen. Bei den gewaltsamen Auseinandersetzungen in Isfahan soll es viele Verletzte und Festnahmen gegeben haben.

Teheran - Zwischen Polizei und Oppositionellen ist es in Iran erneut zu Zusammenstößen gekommen. Regimekritische Internetseiten berichteten von Auseinandersetzungen in der zentraliranischen Stadt Isfahan bei einer Trauerfeier für den am Wochenende gestorbenen Großajatollah Hossein Ali Montaseri. Die Polizei versuchte laut der Website Rahesabs, die Gedenkveranstaltung aufzulösen. Die Beamten hätten Tränengas eingesetzt, um die Demonstranten zu zerstreuen. Nach unbestätigten Angaben gab es mehrere Verletzte. Rund 50 Menschen sollen der Website Parlemannews zufolge verhaftet worden sein. Unter ihnen seien vier iranische Journalisten.....

http://www.spiegel.de/politik/ausland/0,1518,668777,00.html

....was diese Menschen auf sich nehemen :verbeug

lunar
23.12.2009, 21:10
http://www.zerohedge.com/sites/default/files/pictures/picture-10.png
Separated at Birth? (http://www.zerohedge.com/article/separated-birth)

Submitted by Marla Singer (http://www.zerohedge.com/users/marla-singer) on 12/23/2009 11:52 -0500

http://www.zerohedge.com/sites/default/files/images/user10/imageroot/sab.png

Lloyd Blankfein and Vladimir Putin?

Vladalloyd?



30 comments (http://www.zerohedge.com/article/separated-birth#comments)
Read more (http://www.zerohedge.com/article/separated-birth)


http://www.zerohedge.com/sites/default/files/pictures/picture-10421.jpg
by Crime of the Century
on Wed, 12/23/2009 - 12:05
#172715 (http://www.zerohedge.com/article/separated-birth#comment-172715)

Guess where Lloyd is in this picture? Okay... how about where I'd like him to be?

http://punditkitchen.files.wordpress.com/2009/10/political-pictures-vlad... (http://punditkitchen.files.wordpress.com/2009/10/political-pictures-vladimir-putin-my-name.jpg)

lunar
24.12.2009, 10:47
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Sprott Calls The Fed "A Ponzi Scheme" As Half A Trillion In Treasury Purchasers Are Unaccounted For (http://www.zerohedge.com/article/sprott-calls-fed-ponzi-scheme-half-trillion-treasury-purchasers-are-unaccounted)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/23/2009 20:07 -0500

"As we have seen so illustriously over the past year, all Ponzi schemes eventually fail under their own weight. The US debt scheme is no different. 2009 has been witness to spectacular government intervention in almost all levels of the economy. This support requires outside capital to facilitate, and relies heavily on the US government’s ability to raise money in the debt market. The fact that the Federal Reserve and US Treasury cannot identify the second largest buyer of treasury securities this year proves that the traditional buyers are not keeping pace with the US government’s deficit spending. It makes us wonder if it’s all just a Ponzi scheme." Eric Sprott

128 comments (http://www.zerohedge.com/article/sprott-calls-fed-ponzi-scheme-half-trillion-treasury-purchasers-are-unaccounted#comments)
Read more (http://www.zerohedge.com/article/sprott-calls-fed-ponzi-scheme-half-trillion-treasury-purchasers-are-unaccounted)
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http://d1.scribdassets.com/ScribdViewer.swf?document_id=24470953&access_key=key-1qu1t68nww7n4sljpjc3&page=1&version=1&viewMode

lunar
24.12.2009, 12:57
*** frohe *** http://farm3.static.flickr.com/2094/2372418843_9136bd5025.jpg *** Weihnachten ***

lunar
25.12.2009, 12:00
The Financial Times Man of the Year - Lloyd Blankfein (http://jessescrossroadscafe.blogspot.com/2009/12/financial-times-man-of-year.html)


How fitting, to mark the high tide of the will to power of the Anglo-American banking cartel. No better symbol of hubris, of the overreach driven by obdurate insensitivity and sociopathic greed, of the cult of ego and the darker impulses of the human heart, that creates nothing.

Honoring the man as the epitome of 2009, a man whose bank helped to precipitate one of the greatest financial crises, if not crimes, of the century, and used it as a means of profit for their own ends. No matter what damage was caused in the process, what corruption was required to undermine the nation's well-being, thereby sowing the seeds of their own eventual destruction.

And no better day for it, than on the eve of the commemoration of the renewal of life, of genuine value, of the perennial yearning of the human spirit from within the images and the shadows, a turning away from the stench of corruption and decay, and into the light.
"For what shall it profit a man, if he gains the whole world, but loses himself?Not even the whole world, but bragging rights, a false bravado, and a bonus.

The man of the year indeed. King of the ash heap, almost universally held in contempt. And in the end, alone. Not even rising to the level of high tragedy, but merely furtive, grasping, manipulative, pathetic. A monument to banality, and the hollowness of Western materialism.

http://3.bp.blogspot.com/_H2DePAZe2gA/SzOjkMGl_KI/AAAAAAAAK6A/388Slw5STAU/s400/Kipper-Williams-Christmas-006.jpg (http://3.bp.blogspot.com/_H2DePAZe2gA/SzOjkMGl_KI/AAAAAAAAK6A/388Slw5STAU/s1600-h/Kipper-Williams-Christmas-006.jpg)

NY Times
(http://dealbook.blogs.nytimes.com/2009/12/24/financial-times-names-blankfein-person-of-the-year/)Financial Times Names :kotzBlankfein Person of the Year
December 24, 2009, 2:37

The Financial Times has chosen Lloyd C. Blankfein as its person of the year (http://www.ft.com/cms/s/0/479ac4ba-eb32-11de-bc99-00144feab49a.html?nclick_check=1). The Goldman Sachs chief has become the public face of Wall Street during its most testing period since the 1930s, the newspaper said, and Mr. Blankfein’s position and his personality were the basis of his selection......

Posted by Jesse at 12:00 PM (http://jessescrossroadscafe.blogspot.com/2009/12/financial-times-man-of-year.html)

lunar
25.12.2009, 12:01
Reading for the Market Holiday - plus ça change, plus c'est la même chose (http://jessescrossroadscafe.blogspot.com/2009/12/reading-for-market-holiday-plus-ca.html)

"At length corruption, like a general flood,
Did deluge all, and avarice creeping on,
Spread, like a low-born mist, and hid the sun.
Statesmen and patriots plied alike the stocks,
Peeress and butler shared alike the box;
And judges jobbed, and bishops bit the town,
And mighty dukes packed cards for half-a-crown:
Britain was sunk in lucre's sordid charms."

—PopeTHE SOUTH-SEA COMPANY was originated by the celebrated Harley, Earl of Oxford, in the year 1711, with the view of restoring public credit, which had suffered by the dismissal of the Whig ministry, and of providing for the discharge of the army and navy debentures, and other parts of the floating debt, amounting to nearly ten millions sterling. A company of merchants, at that time without a name, took this debt upon themselves, and the government agreed to secure them, for a certain period, the interest of six per cent. To provide for this interest, amounting to 600,000l. per annum, the duties upon wines, vinegar, India goods, wrought silks, tobacco, whale-fins, and some other articles, were rendered permanent. The monopoly of the trade to the South Seas was granted, and the company, being incorporated by Act of Parliament, assumed the title by which it has ever since been known. The minister took great credit to himself for his share in this transaction, and the scheme was always called by his flatterers "the Earl of Oxford's masterpiece...."

The South Sea Bubble (http://www.econlib.org/library/Mackay/macEx2.html), Charles Mackay, Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, Chapter 2


Posted by Jesse at 3:01 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/reading-for-market-holiday-plus-ca.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2065953990903881490) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=2065953990903881490)
Category: blame for financial crisis (http://jessescrossroadscafe.blogspot.com/search/label/blame%20for%20financial%20crisis), Mackay (http://jessescrossroadscafe.blogspot.com/search/label/Mackay), South Sea Bubble (http://jessescrossroadscafe.blogspot.com/search/label/South%20Sea%20Bubble), speculative bubble (http://jessescrossroadscafe.blogspot.com/search/label/speculative%20bubble)

lunar
25.12.2009, 12:36
....schöne Weihnachtsmusik aus vielen Ländern von Jesse :verbeug

24 December 2009

Christmas Eve 2009 (http://jessescrossroadscafe.blogspot.com/2009/12/christmas-eve-2009.html)


http://1.bp.blogspot.com/_H2DePAZe2gA/SzO0t_OgXBI/AAAAAAAAK6I/WciJ6Nh0fEI/S1600-R/family_christmas_tree.jpg

lunar
25.12.2009, 15:17
:rolleyes

WATCH: Pope Knocked Down By Woman At Christmas Mass (http://www.huffingtonpost.com/2009/12/24/pope-knocked-down-by-woma_n_403331.html)

http://images.huffingtonpost.com/gen/128744/thumbs/s-POPE-KNOCKED-DOWN-large.jpg (http://www.huffingtonpost.com/2009/12/24/pope-knocked-down-by-woma_n_403331.html)



Quick Read (http://www.huffingtonpost.com/2009/12/24/pope-knocked-down-by-woma_n_403331.html) |
Comments (649) (http://www.huffingtonpost.com/2009/12/24/pope-knocked-down-by-woma_n_403331.html)
| The Pope (http://www.huffingtonpost.com/news/pope)

lunar
25.12.2009, 15:18
Weihnachtsbilder 2009

So feiert die Welt (http://www.spiegel.de/fotostrecke/fotostrecke-50184.html)

Friede, Freude, Freakshow! Santa Claus taucht mit Haien, surft und badet nackt: SPIEGEL ONLINE zeigt die besten Bilder zum Fest. Wie Soldaten an der Front ein wenig Ruhe fanden, die rote Mütze für eine Nacht die Welt beherrschte - und nur die Obamas eine gänzlich andere Tracht auftrugen. mehr... (http://www.spiegel.de/fotostrecke/fotostrecke-50184.html)

lunar
25.12.2009, 15:19
:rolleyes

lunar
25.12.2009, 15:55
Astronomy Picture of the Day

Discover the cosmos! (http://apod.nasa.gov/apod/archivepix.html) Each day a different image or photograph of our fascinating universe is featured, along with a brief explanation written by a professional astronomer.

2009 December 25

A Graceful Arc
Credit & Copyright (http://apod.nasa.gov/apod/lib/about_apod.html#srapply): Tony Hallas (http://astrophoto.com/contact.htm) Explanation: The graceful arc of the Milky Way begins and ends (http://apod.nasa.gov/apod/ap090613.html) at two mountain peaks in this solemn night sky panorama. Created from a 24 frame mosaic, exposures tracking Earth and sky were made separately, with northern California's Mount Lassen at the left and Mount Shasta at the far right, just below the star and dust clouds (http://apod.nasa.gov/apod/ap090925.html) of the galactic center. Lassen and Shasta are volcanoes in the Cascade Mountain Range (http://vulcan.wr.usgs.gov/Volcanoes/Cascades/ImageMaps/CascadeRange/cascade_range.html) of North America, an arc of the volcanic Pacific Ring of Fire. In the dim, snow-capped (http://apod.nasa.gov/apod/ap070203.html) peaks, planet Earth (http://apod.nasa.gov/apod/ap081224.html) seems to echo the subtle glow of the Milky Way's own faint, unresolved starlight (http://www.100hoursofastronomy.org/component/content/article/55-rfienberg/230-qoh-my-god-its-full-of-starsq).

lunar
26.12.2009, 17:49
Netzwerkforschung

So tickt das Wir (http://www.spiegel.de/wissenschaft/mensch/0,1518,666614,00.html)

Wie entsteht Börsenpanik - wie Nächstenliebe? Netzwerkforscher wollen die Gesellschaft verstehen, indem sie unsere Verbindungen erforschen. Sie sammeln digitale Spuren, die wir täglich hinterlassen, und stellen nun fest: Viele scheinbar komplexe Phänomene folgen einem verblüffend einfachen Gesetz. Von Max Rauner mehr... (http://www.spiegel.de/wissenschaft/mensch/0,1518,666614,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=10244&goto=newpost) ]

lunar
26.12.2009, 17:54
25 December 2009

Monetization: Treasury Adds $400 Billion in Bailouts for Fannie and Freddie (http://jessescrossroadscafe.blogspot.com/2009/12/monetization-treasury-adds-400-billion.html)

What's another $400 Billion in monetization so that Fannie and Freddie can keep buying up mortgage debt?

Timmy and Ben can resolve to distribute dollars even as they approach a virtual insolvency because they can create them, seemingly out of nothing. The payment obligation for their dollar debt is their own creation -- dollars. But they cannot hand out endless amounts of nature's wealth, things like oil, gold, grains, and silver except as they may possess them by industry, force, or fraud.

And that is what frustrates the statists and monetarists, why the western central bankers hate and fear the precious metals as monetary equivalents and alternative stores of wealth, and deploy their worldly power in proximity to sources of energy. Natural wealth defies their control, is a mirror to their excesses, and a stumbling block for the financial engineering that is the basis of their fractional reserve central banking and a desire for world government and ever-increasing power. Ponzi schemes must inherently continue to expand.

They say fiat, let it be done, according to our will. But natural wealth does not always respond as they wish, and its silence is a profound repudiation.

The full extent of their power to command and control the liquidity flow of the world will be tested in 2010.

".....Back to the math... And here is the kicker. Accounting for securities purchased by the Fed, which effectively made the market in the Treasury, the agency and MBS arenas, but also served to "drain duration" from the broader US$ fixed income market, the stunning result is that net issuance in 2009 was only $200 billion. Take a second to digest that.

And while you are lamenting the death of private debt markets, here is precisely what the Fed, the Treasury, and all bank CEOs are doing all their best to keep hidden until they are safely on their private jets heading toward warmer climes: in 2010, the total estimated net issuance across all US$ denominated fixed income classes is expected to increase by 27%, from $1.75 trillion to $2.22 trillion. The culprit: Treasury issuance to keep funding an impossible budget. And, yes, we use the term impossible in its most technical sense. As everyone who has taken First Grade math knows, there is no way that the ludicrous deficit spending the US has embarked on makes any sense at all... none. But the administration can sure pretend it does, until everything falls apart and blaming everyone else for its fiscal imprudence is no longer an option.

Out of the $2.22 trillion in expected 2010 issuance, $200 billion will be absorbed by the Fed while QE continues through March. Then the US is on its own: $2.06 trillion will have to find non-Fed originating demand. To sum up: $200 billion in 2009; $2.1 trillion in 2010. Good luck."

Demand For US Fixed Income Has To Increase Elevenfold... Or Else (http://www.zerohedge.com/article/brace-impact-2010-private-demand-us-fixed-income-has-increase-elevenfold-or-else) - ZeroHedgeAnd this, meine Damen und Herren. Mesdames et Messieurs, may result in higher interest rates and a taxing drag on the productive economy. Which economies specifically and to what extent depends on how well the Fed and the Treasury can shift the pain of their excesses to the rest of the world. But it is not what one might call deflationary, and an impulse for the US dollar as a stable store of wealth, unless by force or fraud.

AP (http://news.yahoo.com/s/ap/20091225/ap_on_bi_ge/us_mortgage_giants_ceos)
Treasury removes cap for Fannie and Freddie aid
By J.W. Elphinstone, AP Real Estate Writer
December 25, 2009

NEW YORK – The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac. ("Its" ATM card? Don't you mean the holders of US dollars? - Jesse)

The Treasury Department said Thursday it removed the $400 billion financial cap on the money it will provide to keep the companies afloat. Already, taxpayers have shelled out $111 billion to the pair, and a senior Treasury official said losses are not expected to exceed the government's estimate this summer of $170 billion over 10 years.

Treasury Department officials said it will now use a flexible formula to ensure the two agencies can stand behind the billions of dollars in mortgage-backed securities they sell to investors. Under the formula, financial support would increase according to how much each firm loses in a quarter. The cap in place at the end of 2012 would apply thereafter.

By making the change before year-end, Treasury sidestepped the need for an OK from a bailout-weary Congress.

While most analysts say the companies are unlikely to use the full $400 billion, Treasury officials said they decided to lift the caps to eliminate any uncertainty among investors about the government's commitments. But the timing of the announcement on a traditionally slow news day raised eyebrows..........


Posted by Jesse at 12:56 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/monetization-treasury-adds-400-billion.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=3622945483077222135) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=3622945483077222135)
Category: dollar devaluation (http://jessescrossroadscafe.blogspot.com/search/label/dollar%20devaluation), financial corruption (http://jessescrossroadscafe.blogspot.com/search/label/financial%20corruption), financial engineering (http://jessescrossroadscafe.blogspot.com/search/label/financial%20engineering), monetization (http://jessescrossroadscafe.blogspot.com/search/label/monetization)

lunar
26.12.2009, 19:08
25.12.2009

Elf Jahre Haft wegen Meinungsäußerung

Strafe für chinesischen Dissidenten empört Merkel

Elf Jahre soll der chinesische Dissident Liu Xiaobo in Haft, weil er seine Meinung gesagt hat - der Westen reagiert entsetzt auf das harte Urteil. Kanzlerin Merkel zeigt sich bestürzt über die Strafe und hofft auf eine Revision. Menschenrechtler fürchten einen Rückschlag für die Öffnung des Landes.


Urteil gegen Liu Xiaobo: Elf Jahre Haft für Dissidenten (http://www.spiegel.de/fotostrecke/fotostrecke-50141.html)

http://www.spiegel.de/politik/ausland/0,1518,669014,00.html
(http://www.spiegel.de/fotostrecke/fotostrecke-50141.html)

lunar
26.12.2009, 19:28
:D

lunar
27.12.2009, 19:40
Gewaltwelle in Teheran

Irans Regime geht massiv gegen Demonstranten vor (http://www.spiegel.de/politik/ausland/0,1518,669170,00.html) :mad:(

Rauchwolken, Tränengas und Schlagstöcke: Die schwersten Krawalle seit Präsident Ahmadinedschads Wiederwahl haben die iranische Hauptstadt Teheran lahmgelegt. Mehrere Demonstranten wurden getötet - darunter ein Neffe von Oppositionsführer Mussawi. Die Polizei nahm Hunderte Menschen fest. mehr... (http://www.spiegel.de/politik/ausland/0,1518,669170,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=9526) ]

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

New Iran Protests Turn Deadly, Police Reportedly Kill Four Demonstrators (http://www.huffingtonpost.com/2009/12/27/iran-protests-turn-violen_n_404233.html)

VIDEO: Bloody Clashes In The Streets, Tear Gas Fired (http://andrewsullivan.theatlantic.com/the_daily_dish/)... Live-Blogging Today's Protests (http://enduringamerica.com/2009/12/27/the-latest-from-iran-27-december-the-day-of-ashura/)





Quick Read (http://www.huffingtonpost.com/2009/12/27/iran-protests-turn-violen_n_404233.html) |
Comments (237) (http://www.huffingtonpost.com/2009/12/27/iran-protests-turn-violen_n_404233.html)
.
**********************************

Opposition berichtet von mehreren Toten Straßengefechte in Teheran (http://www.tagesschau.de/ausland/iran950.html)

Massive Proteste der Opposition: Im Iran werden nicht nur aus der Hauptstadt Unruhen gemeldet, sondern auch aus Isfahan, Täbriz und Najafabad. Dabei starben nach Angaben des staatlichen Fernsehens in Teheran mehrere Menschen. Unter ihnen soll auch ein Neffe von Oppositionsführer Mussawi sein. Ulrich Pick berichtet. [mehr (http://www.tagesschau.de/ausland/iran950.html)]



http://www.tagesschau.de/image/icon_intern_d5e0f7.gifOpposition: Wieder massive Polizeigewalt im Iran (26.12.2009) (http://www.tagesschau.de/iran932.html).
http://www.tagesschau.de/image/icon_intern_d5e0f7.gifÍrak: Dutzende Tote bei Anschlägen auf schiitische Pilger (http://www.tagesschau.de/ausland/irak536.html).
http://www.tagesschau.de/image/icon_video_d5e0f7.gifPeter Mezger mit aktuellen Informationen aus Teheran (http://www.tagesschau.de/multimedia/video/video627436.html).
http://www.tagesschau.de/image/icon_audio_d5e0f7.gifMassive Proteste der Opposition im Iran [Ulrich Pick, ARD Istanbul] (http://www.tagesschau.de/multimedia/audio/audio47872.html).

lunar
27.12.2009, 19:45
WHAT HAPPENED ON FLIGHT 253 (http://www.huffingtonpost.com/roey-rosenblith/over-detroit-skies_b_404255.html)
HuffPost Blogger Shares First Hand Account Of Friday's Attempted Terrorist Attack (http://www.huffingtonpost.com/roey-rosenblith/over-detroit-skies_b_404255.html)

Probe Into Terrorist Attack Moving On Two Fronts... (http://www.huffingtonpost.com/huff-wires/20091227/us-airliner-attack-probe/) Homeland Security Chief: The System Worked... (http://www.huffingtonpost.com/huff-wires/20091227/us-airline-attack-napolitano/) Suspect Was In U.S. Database But Not On 'No-Fly List'... (http://www.huffingtonpost.com/2009/12/27/abdulmutallab-was-in-us-d_n_404204.html) Bomb Suspect's Teacher Describes Exemplary Pupil, Class Nickname Was 'The Pope' (http://www.huffingtonpost.com/huff-wires/20091227/airliner-attack-profile/)



Read Post (http://www.huffingtonpost.com/roey-rosenblith/over-detroit-skies_b_404255.html) |
Comments (182) (http://www.huffingtonpost.com/roey-rosenblith/over-detroit-skies_b_404255.html)
| Nigeria (http://www.huffingtonpost.com/news/nigeria)

Jasper Schuringa: Heroic Passenger Who Tackled Suspected Flight 253 Terrorist (http://www.huffingtonpost.com/2009/12/26/jasper-schuringa-tackles_n_403892.html)

http://images.huffingtonpost.com/gen/128864/thumbs/s-JASPER-SCHURINGA-large.jpg (http://www.huffingtonpost.com/2009/12/26/jasper-schuringa-tackles_n_403892.html)
WATCH: Schuringa Describes Subduing Terrorist Suspect, Burning His Hands (http://www.huffingtonpost.com/2009/12/26/jasper-schuringa-tackles_n_403892.html)



Roey Rosenblith: Over Detroit Skies (http://www.huffingtonpost.com/roey-rosenblith/over-detroit-skies_b_404255.html)


Quick Read (http://www.huffingtonpost.com/2009/12/26/jasper-schuringa-tackles_n_403892.html) |
Comments (7140) (http://www.huffingtonpost.com/2009/12/26/jasper-schuringa-tackles_n_403892.html)

lunar
27.12.2009, 19:57
http://files.newsnetz.ch/images/teaser_dasWar2009.jpg.. (http://www.tagesanzeiger.ch/jahresrueckblick/bildstrecke.html)

lunar
28.12.2009, 08:53
JAL bankruptcy proposed as option to banks-sources (http://www.guardian.co.uk/business/feedarticle/8874792)

The Guardian (http://www.guardian.co.uk/business/feedarticle/8874792) 2009-12-28


* Chapter 11-style bankruptcy (http://worldbankruptcy.com/) discussed as option-sources * Private out-of-court restructuring still option-sources * JAL shares unchanged at 97 yen (http://money.wn.com/finance/currencyfutures/?a=J6&b=Japanese_Yen), Nikkei (http://nikkeipost.com/) up 0.7 pct TOKYO (http://tokyoobserver.com/), Dec 28 (Reuters) - Bankruptcy has been proposed by a state-backed fund (http://fundsreview.com/) as an option in the restructuring of Japan (http://worldnewsjapan.com/) Airlines (http://travelagents.com/) Corp, two sources familiar with the matter said. The state-backed Enterprise Turnaround Initiative Corp of Japan (ETIC) has been holding talks with creditor banks (http://worldbankdaily.com/) on how to revive JAL, and is expected to make a final decision on whether to support the struggling carrier next month. In those talks the...

rHD4nyRRY_A&feature

:rolleyes davon hört man (ich) bei uns wenig :rolleyes

lunar
28.12.2009, 09:01
The financial fireworks are far from over (http://www.guardian.co.uk/business/2009/dec/28/financial-fireworks-far-from-over)

The Guardian (http://www.guardian.co.uk/business/2009/dec/28/financial-fireworks-far-from-over) 2009-12-28

Despite state bailouts buying the private sector time (http://worldtime.wn.com/), 2010 may not be the mundane and humdrum year that we're all hoping for It's December 2010. Another year is drawing to a close and the moment has arrived to sum up what has happened over the past 12 months. After the banking (http://worldbankdaily.com/) crisis of 2008 and the of 2009, there is far less to write about. The global recovery that began in the second half of 2009 has gathered pace as 2010 has worn on. China (http://chinanewsagency.com/) has enjoyed another year of growth, as has India (http://wn.com/india). Confidence is back in the US, illustrated (http://illustratedworld.com/) by the continuation of the bull market (http://latestmarket.com/) on Wall Street (http://wn.com/wallstreet)....

.......Fascinating though domestic politics will be over the next few months, we should not get too parochial. The big international stories of 2010 will be: can China survive the year without its hell-for-leather credit expansion ending in the traditional boom-bust? Will the downgrading of Greece's sovereign debt start a process that will spread to the other weak members of the eurozone, putting increasing strain on monetary union? Has Barack Obama got what it takes to reform Wall Street? To which the short answers are no, no and no.......

lunar
28.12.2009, 10:22
27 December 2009

What Will the World Reserve Currency System Become? The Stakes Are Enormous (http://jessescrossroadscafe.blogspot.com/2009/12/what-will-new-world-reserve-currency.html)


The deterioration of the dollar reserve currency regime is obvious.

If we have forecasted (http://jessescrossroadscafe.blogspot.com/2009/06/russia-calls-for-changes-to-special.html) correctly, the world will look to some variation of the IMF's Special Drawing Rights as an eventual replacement for the US dollar. Therefore, the recomposition of the SDR next year will become a lightning rod for the global stresses created by an increasingly unstable and impractical system of global trade.

As you may recall, Russia and China have called for the inclusion of more currencies such as the rouble, the yuan, the Aussie and Canadian dollars, and gold and possibly silver into the mix. The BRIC's seem determined to break the western dominance of global monetary policy.

This may also explain some of the highly emotional,and we would say nonsensical, arguments attacking gold and silver by some of the house economists for the western Banks, and their camp followers and hand puppets in the universities, of late.

The bankers are appalled at the prospect of the new SDR including gold or silver in its new composition to be set in 2010. And so they are jawboning ahead of it. Any country can build its gold and silver reserves in the open market, and the big central bankers find it difficult to manipulate their supplies to their own advantage, despite years of desperate efforts to substitute paper for metal.

Bad enough that the basket may include currencies of non-G7 countries. As you will recall, the G7 was formed when Canada joined the Group of Six: US, Great Britain, France, Germany, Japan, and Italy. The power balances of the post World War II era are changing, and the shifts in trade and financial power reflect this.

In the interim, there will be regional currency arrangements and trading blocs as in the past. The strength and suitability of the new SDR regime will help to determine the disposition of these regional arrangements.

'Free trade' without a floating monetary exchange system is not possible. Otherwise there will be artificial subsidies and penalties among nations, as in all systems of price control. These lead inevitably to imbalances, bubbles, and crises.

The adjustments that are overdue for the dollar and renminbi in particular will make political progress difficult. But the greatest impediment to progress will be the Anglo-American banking cartel, which seeks to control the issue of money as a means of implementing policy and distributing wealth, especially with regard to the natural resources and labor of the developing nations.

Emirates Business Dubai (http://www.business24-7.ae/Articles/2009/12/Pages/26122009/12272009_b60d075ae8834ca981282abc0ee85802.aspx)
Do We Need a New Reserve Currency?
By Martin Wolf
Sunday, December 27, 2009

A new global currency should replace the US dollar as the international reserve currency, as the long-term deterioration of America's economy and the greenback is fuelling a "currency-regime crisis," says Martin Wolf, associate editor and chief economics commentator of the Financial Times.....

......Meanwhile, a trade skirmish between the US and China could ensue, if Beijing continues to devalue its currency to bolster export-driven economic growth at the expense of economic recovery in the US, said Wolf. (Not just the US, the rest of the world as well - Jesse)

He says China is working hard to defend the artificially low value of the renminbi in the hope that exports will pick up when external demand recovers. According to China's customs authorities, exports from January to November plunged by 18.8 per cent to $1.07 trillion from a year ago. However, according to the Royal Bank of Canada, export growth should pick up in the coming months and reach double-digits in early 2010.

China's efforts, Wolf said, will spark a "very vigorous, even vicious" reaction from the US as it's destabilising US efforts to engender an economic recovery.

Posted by Jesse at 8:13 PM (http://jessescrossroadscafe.blogspot.com/2009/12/what-will-new-world-reserve-currency.html) :verbeug
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=892302992210706653) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=892302992210706653)
Category: dollar reserve currency (http://jessescrossroadscafe.blogspot.com/search/label/dollar%20reserve%20currency), global reserve currency (http://jessescrossroadscafe.blogspot.com/search/label/global%20reserve%20currency), globalization (http://jessescrossroadscafe.blogspot.com/search/label/globalization), SDR (http://jessescrossroadscafe.blogspot.com/search/label/SDR)

lunar
28.12.2009, 10:37
by goldielocks @ 17:00 pm. :thanx

Analyst Adrian Salbuchi from Argentina, proposes a Model that helps to understand the dynamics of what is currently taking place in the world, which he defines as the overlapping and increasingly v...

8ktQSLgu4n4&feature

1r6sy8q79uA&feature

lXzvS2G8Tuw&feature

:rolleyes :nw viel Wahres - trotzdem DYODD ;)

lunar
28.12.2009, 12:00
...nicht nur auf die Schweizer :rolleyes


Was auf die Schweizer Sparer zukommt (http://www.tagesanzeiger.ch/wirtschaft/geld/Was-auf-die-Schweizer-Sparer-zukommt/story/17574659)

http://files.newsnetz.ch/story/1/7/5/17574659/6/teaserbreitgross.jpg (http://www.tagesanzeiger.ch/wirtschaft/geld/Was-auf-die-Schweizer-Sparer-zukommt/story/17574659) Vielleicht müssen wir bald froh sein, wenn das Sparen noch mit einem Zins belohnt wird. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/geld/Was-auf-die-Schweizer-Sparer-zukommt/story/17574659)

Von Erich Solenthaler.
.....Die letzten zehn Jahre sind verloren und schlagen sich nicht nur in tieferen Buchwerten im Depotauszug nieder. Für eine ganze Generation, die vor der Pensionierung steht oder sich bereits im Ruhestand befindet, ist der Verlust eine Realität: Wer in seinem Budget Kapitalerträge einplante und vom Ersparten leben möchte, muss jetzt wohl über die Bücher gehen.Zu Abstrichen kommt es nicht nur im privaten Rahmen, sondern auch in den Pensionskassen, bei denen die meisten Schweizer den grössten Teil ihres Vermögens angelegt haben. Sie zehren seit Jahren von den Reserven und werden lange benötigen, bis sie wieder aufgebaut sind. Weil die Vorsorge-Einrichtungen zudem unter strukturellen Mängeln leiden, werden sie unabhängig von der Abstimmung über den Umwandlungssatz im Frühling die freiwilligen Leistungen kürzen müssen, wenn sie nicht schon damit begonnen haben.......




Börse: Wer 2009 richtig und wer falsch lag (http://www.tagesanzeiger.ch/wirtschaft/geld/Boerse-Wer-2009-richtig-und-wer-falsch-lag/story/30809859)
Dow Jones auf höchstem Stand seit 14 Monaten (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Dow-Jones-auf-hoechstem-Stand-seit-14-Monaten/story/11727001)
Kurspflege vor Jahresende (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Kurspflege-vor-Jahresende/story/22810149)

lunar
28.12.2009, 12:17
27. Dezember 2009, 13:05, NZZ Online http://www.nzz.ch/css/_images/icon_kamera.gif (http://www.nzz.ch/nachrichten/international/spontane_terrorabwehr_detroit_kaida_jasper_schuringa_1.4372582.html)
Jasper Schuringas spontane Terrorabwehr (http://www.nzz.ch/nachrichten/international/spontane_terrorabwehr_detroit_kaida_jasper_schuringa_1.4372582.html)

Ein Passagier schildert, wie er den Terroristen überwältigte (http://www.nzz.ch/nachrichten/international/spontane_terrorabwehr_detroit_kaida_jasper_schuringa_1.4372582.html)

Ein einzelner Passagier hat durch schnelles und beherztes Eingreifen das Attentat auf ein Flugzeug bei Detroit verhindert. Das geht aus Schilderungen von Passagieren hervor. Der Held des Flugs 253 erzählte selbst auf CNN. (http://www.nzz.ch/nachrichten/international/spontane_terrorabwehr_detroit_kaida_jasper_schuringa_1.4372582.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/international/spontane_terrorabwehr_detroit_kaida_jasper_schuringa_1.4372582.html)


http://www.nzz.ch/images/jasper_schuringa_held_attentat_detroit_27122009_small_1.4372580.1261914858.jpg (http://www.nzz.ch/nachrichten/international/spontane_terrorabwehr_detroit_kaida_jasper_schuringa_1.4372582.html)

....und jetzt kommt es wieder einmal zu weltweiten von den USA angeordneten Sicherheits(Schikanen)Massnahmen - dabei haben sie selber total versagt :gomad

lunar
28.12.2009, 12:21
27. Dezember 2009, 16:18, NZZ Online
Vater des Attentäters hatte US-Behörden gewarnt (http://www.nzz.ch/nachrichten/international/attentaeter_us-behoerden_1.4374230.html)

Angaben nigerianischer Medien (http://www.nzz.ch/nachrichten/international/attentaeter_us-behoerden_1.4374230.html)

Der Vater des Flugzeugattentäters von Detroit hatte laut nigerianischen Medien letzten Monat Kontakt mit den amerikanischen Behörden aufgenommen. Er machte sich Sorgen wegen des wachsenden Extremismus seines Sohnes. (http://www.nzz.ch/nachrichten/international/attentaeter_us-behoerden_1.4374230.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/international/attentaeter_us-behoerden_1.4374230.html)

....Laut der nigerianischen Zeitung «This Day» (http://www.thisdayonline.com/nview.php?id=162811)unterbrach er das Studium letzten August, um – zunächst mit der Zustimmung der Eltern – in Jemen einen Arabisch-Kurs zu besuchen. Einige Wochen später schrieb der 23-Jährige nach Hause, er gebe das Studium auf und bleibe mehrere Jahre in Jemen. Versuche, ihn zu kontaktieren, schlugen fehl. Bei der nächsten Mitteilung erschrak der Vater: Er bleibe künftig unerreichbar und bitte um Vergebung, lautete die Botschaft des Sohnes. Daraufhin kontaktierte Umar Mutallab im November via den nigerianischen Geheimdienst die Sicherheitsexperten der US-Botschaft in Nigeria. Ein Mitarbeiter der Botschaft bestätigte der französischen Agentur AFP entsprechende Kontakte; diese hätten bis vor Kurzem angedauert.

Umar Mutallab äusserte sich gegenüber nigerianischen Medien erschüttert, aber auch erstaunt darüber, dass die Amerikaner seinen Sohn mit einem 2008 ausgestellten Visum hatten nach Amerika reisen lassen. Unerklärlich ist dem 70-Jährigen ausserdem, dass der verlorene Sohn über das nigerianische Lagos nach Amsterdam und weiter nach Detroit reiste, während ihn die Familie doch in Jemen wähnte.......

USA :dumm :kopf

lunar
28.12.2009, 16:43
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Frontrunning: December 28 (http://www.zerohedge.com/article/frontrunning-december-28)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/28/2009 04:49 -0500




Morgan Stanley sees the 10 year at 5.5% in 2010, Goldman Sachs at 3.25% - someone's prop desk is going to get spanked (Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=anOX_3UrfTVk&pos=2))
Tanker freight rates to drop 25% as 26-mile long line of idled tankers runs out of fumes (Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=abS1HzLIvy_k&pos=7))
Deflationary side effects: Japan Finance Minister admitted to hospital (Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=auw_.O45Y8vA&pos=8))
Ferguson - The decade the world tilted east (FT (http://www.ft.com/cms/s/0/ac26eb9a-f30a-11de-a888-00144feab49a.html))
Summers - The man who blew up Harvard's portfolio, has set his sight on the US next (WSJ (http://online.wsj.com/article/SB126107363057895857.html?mod=googlenews_wsj))
Buffett doing the patriotic thing and firing 21,000 employees of companies that did not get taxpayer bailouts (Bloomberg (http://www.bloomberg.com/apps/news?pid=20601109&sid=a4oPPj5mh100&pos=14)) :bad


20 comments (http://www.zerohedge.com/article/frontrunning-december-28#comments)
Read more (http://www.zerohedge.com/article/frontrunning-december-28)
.

http://www.zerohedge.com/sites/default/files/pictures/picture-1206.jpg
by phaesed
on Mon, 12/28/2009 - 07:09
#175829 (http://www.zerohedge.com/article/frontrunning-december-28#comment-175829)

Ahhh Warren Buffett. One of the biggest f'n hippocrits of this entire debacle. 'Buy American!' - At all time highs so there are buyers for the shit I don't want on my books anymore, thanks suckers.


http://www.zerohedge.com/sites/default/files/pictures/picture-4858.jpg
by Hephasteus
on Mon, 12/28/2009 - 07:26
#175836 (http://www.zerohedge.com/article/frontrunning-december-28#comment-175836)

And when I asked why the hell all the buying and selling shit with berkshire and charity was going on with money on bloomberg terminals everyone all of a sudden shut up about it. Once he loaned 5 billion to JP Morgan I knew that snake had scales.



http://www.zerohedge.com/sites/default/files/pictures/picture-1206.jpg
by phaesed
on Mon, 12/28/2009 - 07:35
#175839 (http://www.zerohedge.com/article/frontrunning-december-28#comment-175839)

Much agreed. I remember the first interview that Becky Quick "to spread 'em" did with him after the stabilization... the lies dripping off his tongue were as obvious as the fear in his face.

"It is certain that if people do not understand a true political economy, they will make a false one of their own" ~ W.S. Jevons - The Theory of Political Economy

Damn people, understand the implications of that sentence. :)

lunar
28.12.2009, 18:13
http://www.zerohedge.com/sites/default/files/pictures/picture-10.png
Breaking the Glass Ceiling (http://www.zerohedge.com/article/breaking-glass-ceiling)

Submitted by Marla Singer (http://www.zerohedge.com/users/marla-singer) on 12/28/2009 10:42 -0500

Well, you sort of knew it was coming in some form or another. That form happened to be the Banking Integrity Act of 2009. Think of it as "Glass-Steagall II."

For the unwashed, and among other things, the original act created the FDIC and separated the practice of "investment banking" and "commercial banking." The concept was intended to avoid the conflicts of interest that purportedly arose when the same Wall Street shark was responsible for both the growth of your long-term savings and the sale of securities (underwritten by self-same shark's bank, most likely). It's effect was, as might be imagined, debatable.

Bloomberg reports today that the concept is, once again, making the rounds and points us to a document on Thomas (http://thomas.loc.gov/cgi-bin/query/z?c111:S.2886:).



12 comments (http://www.zerohedge.com/article/breaking-glass-ceiling#comments)
Read more (http://www.zerohedge.com/article/breaking-glass-ceiling)
.
http://www.zerohedge.com/sites/default/files/pictures/picture-1206.jpg
by phaesed
on Mon, 12/28/2009 - 11:23
#175965 (http://www.zerohedge.com/article/breaking-glass-ceiling#comment-175965)

More and more I believe that the time for a new American revolution is coming.... it's such a shame that our leaders are unwilling to stop sucking the proverbial Banker dick.

http://www.zerohedge.com/sites/default/files/pictures/picture-1099.jpg
by Steak
on Mon, 12/28/2009 - 10:53
#175940 (http://www.zerohedge.com/article/breaking-glass-ceiling#comment-175940)

With McCain-Feingold campaign finance legislation about to be gutted, I think that duo's credibility on big legislative endeavors is severely diminished. I hope against hope that a bill of this mold can become law (again), but it is a bit discouraging that this duo is leading the charge.

Without passing any judgement on the legislation itself, it just really looks bad to have your marquee reform a breath away from being declared unconstitutional. http://en.wikipedia.org/wiki/Citizens_United_v._Federal_Election_Commission

lunar
28.12.2009, 18:27
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
$118 Billion On Deck In Last Coupon Auction Of The Decade (http://www.zerohedge.com/article/118-billion-deck-last-coupon-auction-decade)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/28/2009 07:32 -0500

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/volcker/UST%20week%20Dec%2028_0_0.jpg

The administration sure is learning how to take advantage of the Ritalin addicted, holiday sales overbonanza'ed (1% increase over last year's gruesome December performance surely must be terrific news) public. Not only did Obama hope the whole Fannie/Freddie BS would slip by unnoticed even as he paid the failed public servants over at the nationalized-in-perpetuity GSEs an insane amount of money, but this week the Cottonelle experts over at 1500 Pennsylvania Avenue tried to sneak a $118 billion in coupons and another $57 billion in bills, a total of $175 billion pieces worth of one-ply bidet replacements, for the last weekly auctions of the "noughties" (yes, apparently that is the name to this most recent lost decade, set to end in a few days. But don't worry Ben Shalom will be around to make sure its bubblicious legacy persists for much, much longer).

For purists, we acknowledge that the decade does in fact not end until December 31, 2010, but we are sure the Senate will pass a provision in the final Financial Regulatory Reform bill adjusting the Gregorian calendar to seal all the "bad, bad financial stuff" deep under the rug of a past never to be repeated, with only hope, sweet smelling roses and manna from heaven remaining on deck.



24 comments (http://www.zerohedge.com/article/118-billion-deck-last-coupon-auction-decade#comments)
Read more (http://www.zerohedge.com/article/118-billion-deck-last-coupon-auction-decade)
.

http://www.zerohedge.com/sites/default/files/pictures/picture-3153.jpg
by whopper
on Mon, 12/28/2009 - 07:40
#175842 (http://www.zerohedge.com/article/118-billion-deck-last-coupon-auction-decade#comment-175842)


My oh my..How much longer can this go on ?? My new idea is that since the money that is created from nothing will disappear like it is nothing and there will be no repercussions from the insane money printing exercise. I guess the media has finally got to me. sigh.

http://www.zerohedge.com/images/bagicon.png
by Shocker
on Mon, 12/28/2009 - 08:58
#175874 (http://www.zerohedge.com/article/118-billion-deck-last-coupon-auction-decade#comment-175874)
haha, I said the same thing to myself Whopper, how can we still function?? Between the printing of the money and, the continuous job losses, I don't see it ending pretty. The stats are not on our side thats for sure http://www.dailyjobcuts.com (http://www.dailyjobcuts.com/)

http://www.zerohedge.com/sites/default/files/pictures/picture-10510.jpg
by RonnieHonduras
on Mon, 12/28/2009 - 09:00
#175878 (http://www.zerohedge.com/article/118-billion-deck-last-coupon-auction-decade#comment-175878)


No doubt the shit winds are blowing.

http://www.zerohedge.com/images/bagicon.png
by anynonmous
on Mon, 12/28/2009 - 10:20
#175919 (http://www.zerohedge.com/article/118-billion-deck-last-coupon-auction-decade#comment-175919)
a different perspective on fannie and freddie Here's The Secret Reason We Eliminated The Bailout Caps On Fannie And Freddie

http://www.businessinsider.com/heres-the-secret-justification-for-liftin... (http://www.businessinsider.com/heres-the-secret-justification-for-lifting-the-bailout-caps-on-fannie-and-freddie-2009-12) :rolleyes




....man fragt sich wirklich wie das weitergehen/enden soll :rolleyes:schwitz:confused

lunar
28.12.2009, 18:40
Monday, December 28, 2009

The Most Redeeming Feature of Capitalism is Failure (http://globaleconomicanalysis.blogspot.com/2009/12/most-redeeming-feature-of-capitalism-is.html)

There is an interesting interview in Barron's with two hedge fund managers called Shorting the Economic Recovery (http://online.barrons.com/article/SB126167812677704659.html#articleTabs_panel_article%3D1).

The fund managers who correctly predicted the housing collapse and the rise in gold, now predict the economy's next leg down. The second theme in the article is on capitalism, fractional reserve lending and what the government should have done.

Here are some interesting interview snips pertaining to capitalism and fractional reserve lending. The rest of the article is by subscription only.


PERHAPS ONE OF THE greatest failings in the run-up to the financial meltdown was a lack of perspective -- an inability by many market participants to see the big picture. Not so with Kevin Duffy and Bill Laggner, principals of the Dallas-based hedge fund Bearing Asset Management. With the help of their proprietary credit-bubble index, developed in 2004, the managers sounded early warnings on housing and credit excesses, and capitalized handsomely on their forecasts by shorting Fannie Mae, Freddie Mac, money-center banks and brokers, builders, mortgage insurers and the like.

Students of the Austrian school of economics, which espouses a free-market philosophy that ascribes business-cycle booms and busts to government meddling with interest rates, the pair is solidly in the contrarian camp, believing that the worst for the markets may be yet to come.

Barron's: You've said that perhaps the most redeeming feature of capitalism is failure. Please explain.

Duffy: Any healthy system needs a way to correct error and remove waste. Nature has extinction, the economy has loss, bankruptcy, liquidation. Interfering in this process lengthens feedback loops. Error and waste are allowed to accumulate, and you ultimately get a massive collapse.

Capitalism is primarily attacked by two groups: utopians who wish to impose a more "compassionate" system, and political capitalists who want to enjoy the fruits of success without bearing the pain of failure. They use the coercion of the state to gain privileges, at the expense of everyone else.

As a country we've become less tolerant of economic failure. The result has been a series of interventions, such as meddling in the credit markets, promoting homeownership and creating a variety of safety nets for investors. Each crisis leads to an even greater crisis. The solution is always greater doses of intervention. So the system becomes increasingly unstable. The interventionists never see the bust coming, then blame it on "capitalism."

Barron's: What would you have done differently as the credit bubble was bursting and the Fed and the Treasury were declaring that the world would come to an end without an $800 billion bailout package?

Duffy: Allow those who essentially bet wrongly to fail, instead of bailing out people with friends in high places.

Barron's: What about the argument that a financial panic would have ensued and crushed the little guy?

Duffy: The little guy actually has been crushed. The little guy is always going to be the last one in the soup line. So he will get a bone tossed to him, like cash for clunkers. But if you are Goldman Sachs :bad or if you have got essentially the red bat-phone to Washington, D.C., you are first in line.....

full story: http://globaleconomicanalysis.blogspot.com/2009/12/most-redeeming-feature-of-capitalism-is.html

lunar
28.12.2009, 18:50
Who Owns You: It’s Called The American Dream Because You Have To Be Asleep To Believe In It (http://goldtent.net/wp_gold/2009/12/27/who-owns-you-it%e2%80%99s-called-the-american-dream-because-you-have-to-be-asleep-to-believe-in-it/)

by prezone @ 21:48 pm.
Great video from a “comedic” perspective.. :supi (leider)


www.rutilusallec.com/?p=5219 (http://www.rutilusallec.com/?p=5219)

lunar
28.12.2009, 19:32
Body Of Mousavi's Slain Nephew Taken From Hospital, Family Says (http://www.huffingtonpost.com/2009/12/28/iran-steps-up-crackdown-o_n_404723.html)

Iran Police, Demonstrators Clash (http://www.huffingtonpost.com/2009/12/27/iran-protestors-beat-poli_n_404533.html)... Prominent Activists Reportedly Arrested




Sam Sedaei: Iran Is Burning in Revolution; Not Recognizing It Can Lead to Calamity (http://www.huffingtonpost.com/sam-sedaei/iran-is-burning-in-revolu_b_404532.html)


Steve Clemons: Khamenei is the New Shah: There Will Be (More) Blood (http://www.huffingtonpost.com/steve-clemons/khamenei-is-the-new-shah_b_404505.html)


Quick Read (http://www.huffingtonpost.com/2009/12/28/iran-steps-up-crackdown-o_n_404723.html) |
Comments (24) (http://www.huffingtonpost.com/2009/12/28/iran-steps-up-crackdown-o_n_404723.html)
| Iran (http://www.huffingtonpost.com/news/iran)
.
:(:gomad

lunar
28.12.2009, 19:57
http://ww251.smartadserver.com/call/pubi/10016/%28ausallerwelt/ausallerwelt_index%29/3648/S/[timestamp]/? (http://ww251.smartadserver.com/call/pubjumpi/10016/%28ausallerwelt/ausallerwelt_index%29/3648S/[timestamp]/?)
Montag, 28. Dezember 2009, 19:54

Neuseeland
Zwei Gruppen von Grindwalen gestrandet - 125 Tiere sind tot

28. Dezember 2009, 13:16 Uhr
Tierschützer und Touristen haben in Neuseeland 43 gestrandete Grindwale gerettet.


http://www.abendblatt.de/vermischtes/article1322318/Zwei-Gruppen-von-Grindwalen-gestrandet-125-Tiere-sind-tot.html

:(

d-eNyIWAAh4&feature

lunar
28.12.2009, 20:35
28. Dezember 2009, 20:26
Umstrittene Nacktscanner werden zum Thema :mad



Grossbritannien will Geräte rasch einführen, die Schweiz wartet ab (http://www.nzz.ch/nachrichten/panorama/nacktscanner_bodyscanner_fliegen_sicherheit_1.4384706.html)

Nach dem Anschlagsversuch auf eine US-Maschine wird das Fliegen in die USA wegen zusätzlicher Sicherheitsmassnahmen umständlicher. Und ein heikles Thema kommt wieder auf dem Tisch: Sollen Passagiere auf europäischen Flughäfen mit einem Bodyscanner bis auf die Haut durchleuchtet werden? (http://www.nzz.ch/nachrichten/panorama/nacktscanner_bodyscanner_fliegen_sicherheit_1.4384706.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/panorama/nacktscanner_bodyscanner_fliegen_sicherheit_1.4384706.html)

http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif USA: Sicherheitsmassnahmen überprüfen (http://www.nzz.ch/nachrichten/panorama/usa_sicherheit_luftverkehr_1.4383605.html)


http://www.nzz.ch/images/bodyscanner_small_1.4384780.1262018226.jpg (http://www.nzz.ch/nachrichten/panorama/nacktscanner_bodyscanner_fliegen_sicherheit_1.4384706.html)

lunar
28.12.2009, 20:59
The Biggest Political Disappointments Of 2009 (http://www.huffingtonpost.com/2009/12/28/the-biggest-political-dis_n_404835.html)


Arianna: The Things About This Year I Want To Forget (http://www.huffingtonpost.com/arianna-huffington/2009-the-things-i-want-to_b_404874.html)





Quick Read (http://www.huffingtonpost.com/2009/12/28/the-biggest-political-dis_n_404835.html) |
Comments (1,081) (http://www.huffingtonpost.com/2009/12/28/the-biggest-political-dis_n_404835.html)
| Photo Galleries (http://www.huffingtonpost.com/news/slideshow)

lunar
29.12.2009, 10:03
kleiner Vorgeschmack...falls jemand ins Kino will :)

http://www.spiegel.de/video/video-1038730.html

lunar
29.12.2009, 10:25
http://www.zerohedge.com/sites/default/files/pictures/picture-10.png
"Do You Read Zero Hedge?" A Review of Zero Hedge's Most Popular Articles of [All Time|2009] (http://www.zerohedge.com/article/do-you-read-zero-hedge-review-zero-hedges-most-popular-articles-all-time2009)

Submitted by Marla Singer (http://www.zerohedge.com/users/marla-singer) on 12/28/2009 15:30 -0500

True, the decade is not really over, but no one called 1930 the "last year of the 20's," and given the reflective mood that seems to grip all of Western society whenever a year ending in "9" draws to a close, well, we thought we'd better embrace the trend now so that when some idiot with a pair of glow-in-the-dark "2010" glasses with holes in the zeros for his eyes tries to convince us to watch Roy Scheider over and over again in a celebratory, all-day, marathon screening of "2010," well, we can say we gave at the blog.

Instead, and in conjunction with your many suggestions, we took the opportunity to go back over Zero Hedge's posts and see what moved you, with an eye towards getting a sense of what Zero Hedge wants to read. The results were quite interesting. We thought readers would find it engaging both as a sort of "year in review" post, and, perhaps, in finding old material missed the first time around (or before the discovery of Zero Hedge).


108 comments (http://www.zerohedge.com/article/do-you-read-zero-hedge-review-zero-hedges-most-popular-articles-all-time2009#comments)
Read more (http://www.zerohedge.com/article/do-you-read-zero-hedge-review-zero-hedges-most-popular-articles-all-time2009)
.

http://www.zerohedge.com/sites/default/files/pictures/picture-5464.png
by Cognitive Dissonance
on Mon, 12/28/2009 - 15:47
#176160 (http://www.zerohedge.com/article/do-you-read-zero-hedge-review-zero-hedges-most-popular-articles-all-time2009#comment-176160)


Congratulations Zero Hedge on a fantastic first year. Judging by the amount of corporate and governmental corruption left to be scrutinized and commented upon (not to mention general evil doing as far as the eye can see) you'll have plenty of dirty laundry to launder for at least a few more years.

Bravo!!

lunar
29.12.2009, 11:29
http://www.nposolution.com/epaper/taz/logon.gif

«Wunsch-Zürich»

von Tom Kawara. Wünschen kann man sich vieles. Die Glarner Gipfel Glärnisch, Faulen und Tödi lassen sich aber auch im nächsten Jahr nur mit dem Computer verschieben – wie auf diesem vom Triemli aus fotografierten Bild geschehen. Anderes dagegen scheint vielleicht möglich: Liebe zum Beispiel, Fliegen oder ein Minarett auf dem Dolder Grand.

(LOVE, Robert Indiana, © 2009 (http://epaper3.tagesanzeiger.ch/ee/taz/ges/2009/12/29/2009/), Pro Litteris, Zürich)

http://epaper3.tagesanzeiger.ch/ee/taz/ges/2009/12/29/028/

lunar
29.12.2009, 11:56
"Those who would give up essential Liberty to purchase a little temporary Safety, deserve neither Liberty nor Safety."

(Benjamin Franklin)

lunar
29.12.2009, 12:03
29. Dezember 2009, Neue Zürcher Zeitung

Am Rand des Schattenreiches

Die mexikanische Fotografin Graciela Iturbide im Fotomuseum Winterthur

Sie ist die bekannteste zeitgenössische Fotografin Mexikos. Graciela Iturbides bedeutender Beitrag zur Fotografie ihres Heimatlandes wird im Fotomuseum Winterthur umfassend gewürdigt.

Philipp Meier


Ihr Weg führt sie in die Wüste oder auf den Friedhof und einmal auch in die Berge zum Opferritual. Ihre Motive – herrenlose Hunde, ein einsamer Gaul, in den Himmel wachsende Kakteen, ein verlassenes Haus – stellt die Fotografin oft in den Schattenriss, zeigt bloss die schwarze Silhouette im Gegenlicht, damit entschieden dem Ahnen vor dem Wissen den Vorzug gebend. Graciela Iturbides bevorzugtes Medium ist die Schwarz-Weiss-Fotografie. Ihr traumwandlerisches Auge sucht stets eine Wirklichkeit nahe an der Grenze zum Schattenreich. Die Ausgegrenzten, die Grenzgebiete, die Grenze des Lebens zum Tod sind Themen für eine Fotografie, die weniger dokumentiert als Bilder schafft, die gleichsam einem dunklen Traum entstiegen sind......
......Als eines der symbolträchtigsten Bilder für Graciela Iturbides Schaffen kann wohl die Engelsfrau («Mujer ángel») von 1979 gelten: eine von hinten aufgenommene Indianerin, die mit wehenden Kleidern und einem Radioapparat in der Hand durch die Wüste wandert – eine Grenzgängerin zwischen den Kulturen wie zwischen zwei Welten.

ganzer Artikel: http://www.nzz.ch/nachrichten/kultur/zuercher_kultur/am_rand_des_schattenreiches_1.4387050.html

lunar
29.12.2009, 12:29
International: 29. Dezember 2009, 10:04

Gnadengesuche ohne Erfolg (http://www.nzz.ch/nachrichten/international/china_brite_hingerichtet_drogenschmuggel_1.4388596.html)

Brite in China wegen Drogenschmuggels hingerichtet (http://www.nzz.ch/nachrichten/international/china_brite_hingerichtet_drogenschmuggel_1.4388596.html)

Wie angekündigt hat China die Hinrichtung eines 53-jährigen Briten wegen Drogenschmuggels vollzogen. Es ist das erste Mal seit etwa 50 Jahren, dass ein Europäer in China hingerichtet wurde. Der britische Premierminister Brown kritisierte die Exekution scharf. (http://www.nzz.ch/nachrichten/international/china_brite_hingerichtet_drogenschmuggel_1.4388596.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/international/china_brite_hingerichtet_drogenschmuggel_1.4388596.html)

http://www.nzz.ch/images/china_hinrichtung_brite_small_1.4388597.1262066071.jpg (http://www.nzz.ch/nachrichten/international/china_brite_hingerichtet_drogenschmuggel_1.4388596.html)

http://www.nzz.ch/static-images/article_readercommentsOpened.gif (http://javascript%3Cb%3E%3C/b%3E:void%280%29;) Leser-Kommentare: 6 Beiträge (http://javascript%3Cb%3E%3C/b%3E:void%280%29;)




'Die Geschichtsbücher sagen



die chinesische Kultur sei ca 5000 tausend Jahre alt, und dementsprechend hat sie ein langes Gedächtnis. Sehr wahrscheinlich haben sie noch nicht vergessen dass sie im 19. Jahrhundert von Grossbrittanien durch Gewalt mit Opium überschwemmt wurden.'


Andres Ifversen (29. Dezember 2009, 11:26)
.
...da kann man eigentlich nix dagegen sagen - ist natürlich nicht tierisch ernst gemeint :rolleyes

lunar
29.12.2009, 12:37
International: 29. Dezember 2009, 11:56
http://www.nzz.ch/css/_images/icon_kamera.gif (http://www.nzz.ch/nachrichten/international/karachi_brennt_1.4390516.html)

Karachi in Flammen (http://www.nzz.ch/nachrichten/international/karachi_brennt_1.4390516.html)

Hunderte von Läden nach Anschlag niedergebrannt (http://www.nzz.ch/nachrichten/international/karachi_brennt_1.4390516.html)

Nach dem Anschlag auf eine schiitische Prozession in Karachi haben Brandstifter an mehrere hundert Läden Feuer gelegt. Auch die grösste Markthalle in der pakistanischen Wirtschaftsmetropole ging in Flammen auf. (http://www.nzz.ch/nachrichten/international/karachi_brennt_1.4390516.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/international/karachi_brennt_1.4390516.html)
http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif Karachi: Anschlag mit Live-Übertragung (http://www.nzz.ch/nachrichten/international/pakistan_terror_1.4382102.html)


http://www.nzz.ch/images/karachi_brand_29122009_small_1.4390610.1262083233.jpg (http://www.nzz.ch/nachrichten/international/karachi_brennt_1.4390516.html)

:( ...ist das eine kaputte Welt :rolleyes (bezieht sich nicht nur auf diesen Beitrag)
(http://www.nzz.ch/nachrichten/international/karachi_brennt_1.4390516.html)

lunar
29.12.2009, 16:24
ozymandius 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=114346) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=114346&level=three) Mon Dec-28-09 09:04 AM
Response to Reply #19 (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4201034&mesg_id=4201085) 24. That's just how the sheeple's bidness is done in Washington. http://upload.democraticunderground.com/discuss/images/avatars/earth.gif
http://phillips.blogs.com/photos/uncategorized/2007/08/15/819sheep.jpg

lunar
29.12.2009, 16:32
ozymandius 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=114346) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=114346&level=three) Tue Dec-29-09 07:51 AM
Response to Reply #8 (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4202257&mesg_id=4202273) 9. Fed exit strategy: Let banks set up CDs http://upload.democraticunderground.com/discuss/images/avatars/earth.gif WASHINGTON – The Federal Reserve on Monday proposed allowing banks to set up the equivalent of certificates of deposit at the central bank, a move that would help the Fed mop up money pumped into the economy and prevent inflation from taking off later.

Under the proposal, the Fed would offer so-called "term deposits" that would pay interest. Doing so would provide banks with another incentive to park their money at the Fed, rather than having it flow back into the economy.

The proposal comes as no surprise. Federal Reserve Chairman Ben Bernanke and other Fed officials have repeatedly said the creation of so-called "term deposits" — essentially the equivalent of CDs for banks — would be one of several tools the Fed could use to drain money from the economy when the time is right.
.....

The Fed's balance sheet has ballooned to $2.2 trillion, reflecting the creation of lending programs intended to ease the financial crisis. That's more than double the pre-crisis level. The Fed will need to mop up that money or it could trigger inflation down the road.

http://news.yahoo.com/s/ap/20091228/ap_on_bi_ge/us_fed_... (http://news.yahoo.com/s/ap/20091228/ap_on_bi_ge/us_fed_exit_strategy)



Tansy_Gold http://www.democraticunderground.com/discuss/images/donor.gif (1000+ posts) http://www.democraticunderground.com/discuss/images/mesg_journal.gif (http://journals.democraticunderground.com/Tansy_Gold) http://www.democraticunderground.com/discuss/images/mesg.gif (http://www.democraticunderground.com/discuss/duboard.php?az=send_mesg&u_id=113479) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=113479) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=113479) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=113479&level=three) Tue Dec-29-09 08:03 AM
Response to Reply #9 (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4202257&mesg_id=4202276) 12. IS THIS TOTAL INSANITY???????????? http://upload.democraticunderground.com/discuss/images/avatars/scream.gif I thought the money was pumped into the banks so it WOULD flow into the economy, and the problem now is that they aren't FLOWING it enough????????

Have I completely lost my mind? Am I going senile or something? Or is this just plain totally nuts?

Sometimes I think Obama is more naked than emperor booooosh but the people are so mesmerized by his dazzling smile and intelligent-sounding speechifying that they haven't looked below his neck to the rapacious hands and (forgive the imagery) swollen organ(s) ready to screw us all six ways to Sunday.



Dr.Phool http://www.democraticunderground.com/discuss/images/donor.gif (1000+ posts) http://www.democraticunderground.com/discuss/images/mesg_journal.gif (http://journals.democraticunderground.com/Dr.Phool) http://www.democraticunderground.com/discuss/images/mesg.gif (http://www.democraticunderground.com/discuss/duboard.php?az=send_mesg&u_id=131120) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=131120) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=131120) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=131120&level=three) Tue Dec-29-09 08:40 AM
Response to Reply #12 (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4202257&mesg_id=4202287) 28. Such a deal. http://upload.democraticunderground.com/discuss/images/avatars/dog.gif I borrow money from you at 0% interest. Then I deposit it with you, and you repay me, with interest. Rock solid 100% investment.

Is there any hint or shred of evidence that they're not running the treasury and the Fed for their own self interest?

They're not even trying to disguise it anymore.

FRSP for the new year instead of bonuses.

lunar
29.12.2009, 17:03
...kleine Erholung http://goldtent.net/wp_gold/wp-content/uploads/2009/12/animatedlady.gif ;)

lunar
29.12.2009, 17:33
Numerator

Apfelmännchen erobert die dritte Dimension (http://www.spiegel.de/wissenschaft/mensch/0,1518,669220,00.html)

Der Fraktal-Hype liegt schon zwanzig Jahre zurück, doch Mathematikern lässt das Thema keine Ruhe. Jetzt erlaubt ein britischer Programmierer faszinierende Einblicke in eine fremdartig und zugleich vertraute Kunstwelt, die das Apfelmännchen in die dritte Dimension bringt. Von Holger Dambeck mehr... (http://www.spiegel.de/wissenschaft/mensch/0,1518,669220,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=10351&goto=newpost) ]

lunar
29.12.2009, 17:42
http://jsmineset.com/wp-content/uploads/2009/12/clip_image001_thumb17.jpg :rolleyes

lunar
29.12.2009, 18:06
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Small Chinese Company Tells Goldman To Take A Hike, Refuses To Pay $80 Million In Derivative Losses (http://www.zerohedge.com/article/small-chinese-company-tells-goldman-take-hike-refuses-pay-80-million-derivative-losses)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/29/2009 11:53 -0500
It appears that even after thoroughly dominating the US legislative, judicial and executive branches, the long tentacles of the squid have been no better than the Mongolian hordes at overcoming the Chinese Wall (which is ironic seeking how easy it is to ignore the same construct internally between the firm's prop and flow traders...and yes, we will be posting our response to Goldman shortly, we have not forgotten). In the meantime, half a world away, a small Chinese power generator, Shenzhen Nanshan Power, is blatantly refusing to honor contracts with Goldman Subsidiary J. Aron for $80 million in derivative losses, and it appears that China itself has decided to stand behind the small company.

Reuters reports (http://ow.ly/QMvv):
Shenzhen Nanshan Power (000037.SZ (http://www.reuters.com/finance/stocks/overview?symbol=000037.SZ)) (200037.SZ (http://www.reuters.com/finance/stocks/overview?symbol=200037.SZ)) said in a statement that it received several notices from J. Aron & Company, a trading subsidiary of Goldman Sachs (GS.N (http://www.reuters.com/finance/stocks/overview?symbol=GS.N)), for at least $79.96 million as compensation for terminating oil option contracts

"We will not accept the demand by J. Aron for all the losses and related interests," said Nanshan, in line with the stance it took last December

"We will try our best to negotiate with J. Aron and resolve the dispute peacefully...but the possibility of using a lawsuit can not be ruled out when talks fail," it added

"J. Aron told us in one notice that if we do not pay the money, they will reserve the right to launch a lawsuit and will not send us any further notice.

The State Assets Supervision and Administration Commission said in September that it would back state-owned companies in any legal action against the foreign banks that sold them oil derivatives, which resulted in losses when oil prices dived late last year. [ID:nPEK14474

A Beijing-based Goldman Sachs corporate communication official declined to comment.


Not sure what Hank Paulson's former firm would comment: alas the Chinese communist party still has to be filled with Goldman alumni. That being said, this is precisely the track that Goldman has been focusing on for the past few years. At this point, the firm realizes all too well that dominating power politics in China in the near futures is far more critical than complete control over D.C., as there is little the world's most important company can do domestically in the context of taxpayer capital transfer without a full fledged revolution.

h/t Sean



Add new comment (http://www.zerohedge.com/comment/reply/48633#comment-form)

lunar
30.12.2009, 08:33
29 December 2009

Total Government Debt as a % of GDP in the US (http://jessescrossroadscafe.blogspot.com/2009/12/government-debt-as-of-gdp.html)

A gift for the children and the rest of the world...

http://1.bp.blogspot.com/_H2DePAZe2gA/Szqi4Br0SII/AAAAAAAAK8M/_J79xJwhHUY/s400/govtdebt122609.png (http://1.bp.blogspot.com/_H2DePAZe2gA/Szqi4Br0SII/AAAAAAAAK8M/_J79xJwhHUY/s1600-h/govtdebt122609.png)

It's a good thing that Reagan proved that deficits don't matter.

Especially when you go to enormous lengths to shift the burden to someone else and hide the debt off balance sheet.

http://1.bp.blogspot.com/_H2DePAZe2gA/SzqlebtHPuI/AAAAAAAAK8U/zU0M7k8bets/s320/borrowing.jpg (http://1.bp.blogspot.com/_H2DePAZe2gA/SzqlebtHPuI/AAAAAAAAK8U/zU0M7k8bets/s1600-h/borrowing.jpg)

Monetization in action

http://3.bp.blogspot.com/_H2DePAZe2gA/Szrzd2ff5EI/AAAAAAAAK8s/zUubmMw-SRM/s400/rollingdeficit.PNG (http://3.bp.blogspot.com/_H2DePAZe2gA/Szrzd2ff5EI/AAAAAAAAK8s/zUubmMw-SRM/s1600-h/rollingdeficit.PNG)


Posted by Jesse at 7:46 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/government-debt-as-of-gdp.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=8573961490319729360)

lunar
30.12.2009, 09:46
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
MF Global's Ten Predicitions For 2010 (http://www.zerohedge.com/article/mf-globals-ten-predicitions-2010)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/29/2009 08:26 -0500

The latest in the 2010 forecast series comes courtesy of MF Global. Unlike the trite cheerfest from the sellside bankers (who can blame them, their jobs depend on optimism) which we have been largely ignoring, this piece is certainly worth five minutes of your reading time.


44 comments (http://www.zerohedge.com/article/mf-globals-ten-predicitions-2010#comments)
Read more (http://www.zerohedge.com/article/mf-globals-ten-predicitions-2010)
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http://d1.scribdassets.com/ScribdViewer.swf?document_id=24589188&access_key=key-1z08nxdtl2ofdsl27bx6&page=1&version=1&viewMode

http://www.zerohedge.com/sites/default/files/pictures/picture-10341.jpg
by dead hobo
on Tue, 12/29/2009 - 09:53
#176665 (http://www.zerohedge.com/article/mf-globals-ten-predicitions-2010#comment-176665)

You can't sell an almost infinite amount of new debt each year for the next several years PLUS refinance existing debt that matures AND do it at low rates without macro shenanigans on a world level.

People use the prior recessions as a guidebook for this one. They couldn't be more incorrect. This recession is nothing like any of the others.

A weird mix of deflationary inflation is required. So is an accommodative Fed who plans to monetize a lot of UST debt, but only when rates are low and the market is low.

This calls for a systematic series of asset bubbles and bursts for the next several years on a regular basis. Likely on a coordinated world basis.

Of course, it's entirely possible the XMAS shopping season was a Christmas miracle and the world economy was saved last week.

lunar
30.12.2009, 10:20
Klimawandel

Verfassungsrichter kippen Sarkozys Ökosteuer (http://www.spiegel.de/politik/ausland/0,1518,669517,00.html)

Der Präsident hatte persönlich für das Gesetz gekämpft, in wenigen Tagen sollte es in Kraft treten: Nun hat das französische Verfassungsgericht die geplante CO2-Steuer von Nicolas Sarkozy in letzter Minute gestoppt. Die Richter äußerten schwere Bedenken. mehr... (http://www.spiegel.de/politik/ausland/0,1518,669517,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=8541) ]

....Die Richter kritisierten unter anderem, dass das Gesetz etwa zwischen Stadt- und Landbewohnern unterscheide. Auch die Ausnahmeregelung für Strom sei nicht verfassungskonform. Dem Gericht zufolge hätte die Regelung weite Teile der Industrie, darunter einige der schwersten Klimasünder wie Raffinerien, von der Steuer ausgenommen......:dumm

...copains comme cochons :rolleyes

lunar
30.12.2009, 10:27
http://cdn1.wn.com/vp/i/4e/d2767e06f2be64.jpg (http://article.wn.com/view/2009/12/30/Now_Iran_turns_its_fury_on_Britain/?section=BigPhoto&template=cheetah-worldnews%2Findex.txt)

Now Iran turns its fury on Britain (http://article.wn.com/view/2009/12/30/Now_Iran_turns_its_fury_on_Britain/?section=BigPhoto&template=cheetah-worldnews%2Findex.txt)

The Independent http://cdn2.wn.com/vp/i/77/e7b6976fb597bc.gif (http://www.independent.co.uk/news/world/middle-east/now-iran-turns-its-fury-on-britain-1852807.html)
The Iranian government vented its anger at Britain (http://ukherald.com/) last night, declaring that London (http://londonglobe.com/) deserved a "punch in the mouth" :eek for its role as the "chief culprit" behind the mass (http://massachusettspost.com/) protests (http://worldprotest.com/) sweeping the Islamic (http://newislamist.com/) Republic. The Supreme Leader Ayatollah Ali Khamenei further upped the ante at home, branding senior opposition members "enemies of God" who deserved to...
photo: (AP Photo/Mehr News Agency, Rouzbeh Jadidoleslam)

lunar
30.12.2009, 11:35
MOVE YOUR MONEY (http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html)
A New Year's Resolution: Transfer Your Money From Big Banks To Community Banks (http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html)

Icqrx0OimSs&feature




Read Post (http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html) |
Comments (1476) (http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html)
| Banks (http://www.huffingtonpost.com/news/banks)

lunar
30.12.2009, 11:39
Späte Reaktion auf Anschlagsversuch

Obama räumt Fehler im Anti-Terror-Kampf ein (http://www.spiegel.de/politik/ausland/0,1518,669515,00.html)

http://www.spiegel.de/images/image-45362-panoV9free-hcjv.jpg (http://www.spiegel.de/politik/ausland/0,1518,669515,00.html)
Nichts war von ihm zu hören, als auf US-Flughäfen Chaos herrschte. Jetzt hat sich Barack Obama klar zu dem vereitelten Anschlag auf eine Passagiermaschine geäußert: Er räumte "systematisches Versagen" der Sicherheitskräfte ein - und kündigte an, die Geheimdienstarbeit zu überprüfen. mehr... (http://www.spiegel.de/politik/ausland/0,1518,669515,00.html) [ Video (http://www.spiegel.de/video/video-1038969.html) | Forum (http://forum.spiegel.de/showthread.php?t=10263) ]

....manchmal könnte er einem fast leid tun - nicht läuft so richtig yes we can :rolleyes

lunar
30.12.2009, 12:03
_tiOMu_Bf8Q&feature

lunar
30.12.2009, 12:57
Ayatollah Khamenei's Jet Checked, Iran Supreme Leader May Flee To Russia If Necessary (http://www.huffingtonpost.com/2009/12/29/ayatollah-khamenei-jet-ch_n_406496.html)

First Posted: 12-29-09 05:03 PM | Updated: 12-29-09 05:17 PM

http://images.huffingtonpost.com/gen/84251/thumbs/s-AYATOLLAH-large.jpg

Ayatollah Ali Khamenei could leave Iran if the situation continues to deteriorate.

Iran Supreme Leader Ayatollah Sayyid Ali Khamenei could flee to Russia should the situation in his country continue to spiral out of control, according to Radio Netherlands (http://www.rnw.nl/english/article/iran-has-plane-ready-take-leader-safety)......

:gruebel :rolleyes :confused

lunar
30.12.2009, 19:43
Hannibal Gaddafi soll Ehefrau spitalreif geprügelt haben

Mittwoch, 30. Dezember 2009, 13:16 Uhr, Aktualisiert 18:38 Uhr
Hannibal Gaddafi, Sohn des libyschen Machthabers Muammar Gaddafi, soll erneut zugeschlagen haben. Hannibal habe seine Frau Aline Skaf in einem Londoner Luxushotel spitalreif geprügelt, berichtete die Online-Ausgabe der britischen «Daily Mail».

.....Festgenommen wurde Hannibal Gaddafi nicht. Der Präsidentensohn habe den libyschen Botschafter angerufen, worauf dieser die britischen Behörden informiert habe, dass Hannibal Gaddafi diplomatische Immunität und damit Schutz vor Strafverfolgung geniesse....(da waren die Engländer aber sehr erleichtert :rolleyes)

ganzer Artikel: http://tagesschau.sf.tv/nachrichten/archiv/2009/12/30/international/hannibal_gaddafi_soll_ehefrau_spitalreif_gepruegelt_haben

....die Briten wollen sich doch nicht mit Lybien anlegen - schliesslich ist Öl wichtiger :oo:bad da waren die Schweizer eben nicht so diplomatisch :rolleyes

lunar
30.12.2009, 20:55
30 December 2009

How to Trade (http://jessescrossroadscafe.blogspot.com/2009/12/quote-for-today-know-when-to-hold-them.html)

"A reporter once asked me what were my most important attributes as a speculator. I replied, 'Nerve...it takes nerve to speculate in futures...and being stubborn, refusing to be satisfied with small profits. But it does not matter if they are paper profits when you lose them..when you lose you sweat blood. Confidence in yourself is something you must have if you are going to be a successful speculator.

To be able to stick in a risky position without shattering your nerves, you must have a continuing confidence in the judgment that caused you to take that position in the first place.' I knew that I would never get rich by scalping the markets for small swings, so I was constantly striving to sense the broad swings of the markets and to understand the reasons for them.

The way to make money is to be slow in taking profits. Let your profits pile up as high as they would go. This is the way to reduce the odds against you --- by consistently holding on when a market is running favorably for you.

My main strength was in my ability to take a position and stick with it.

I was never an in-and-out trader. (A friend said, 'He got in at the beginning of a long bull market, and he stuck, and stuck, and stuck.') I have overstayed markets at times, but this is not, for me, really a failing. Because most of my success has been due to my hanging on while my profits mounted. There is the big secret. Do with it what you will."

Arthur W. Cutten, the commodities trader from the 1920's.Of course all great traders will tell you the same thing essentially. Find your bull market and then hang on to it, never losing your positions completely. If you have a mind to it you can buy weakness and sell some on strength to improve your cost basis and for tax purposes, but only if you hold the position while the bull market is intact.

Jesse Livermore said the same thing. "The market does not beat them. They beat themselves, because though they have brains they cannot sit tight."

Jim Sinclair, whom I consider to be a great, classic trader of our day, says the same thing.

As you may recall, Arthur W. Cutten eventually went into a decline, because he did not follow his own advice. Also, most traders develop 'difficult' personalities because of the continuing stress of the markets, and eventually fall into some personal decline and habits that have a negative effect on their trading. They start thinking they are bigger than the markets, and lose their edge.

The best gains I have ever made, have been in positions held for a long bull market, some of which I still hold.

The greatest gains I have made are being short in a declining market. The profits are fabulous. They are too good. Being short the market is an occasional thing, less than 20% of the time is a short position appropriate. But the gains are so intoxicating that the bear can never sit tight and wait, and fritters away those big gains in the long drifting markets through small losses and transaction fees.

People who have lost their positions will try to shake you out of yours; misery loves company, and there is nothing more miserable than to have been right, but then to have outsmarted yourself and lost your place, and not profited from what you had known is right.

Find your bull market, understand why it is valid, a genuine article, and then stick with it until it is no longer valid, even through corrections which all bull markets must experience.

Most people, about 95% or so, cannot trade actively even on weakness and strength, and should stick to the long trends in markets, sitting out in cash when appropriate. Emotions are powerful things, and can cause the mind to rationalize almost anything, any data.

The market makers and insiders can see what you are holding and have better access to capital and information than you can have. Trying to beat them in the short term is foolishness, even though you might get lucky for short periods of time, you will give it all back and more.

Most people's opinions on the markets are worthless, even damaging, because they run with the herd, or may be even be jealous of your success and wish to drag you down into their own personal failures. If a person cannot show data that you understand to justify their position, even after you query them and they explain it, then ignore them, because they do not know anything useful, even though they may claim great results, and show the occasional 'hit' in their calls.

Making incessant market calls are a way for failed traders to try and get back some of their broken ego. They will write their successes in marble, and their failures in sand. Making a bad market call and then repeatedly revising it, and revising it, to eventually be correct is the worst sort of self-deception. Do not listen to these people. They are like poison to your account.

This is what I consider to be the 'secret' of being a successful trader.

And nine tenths of it is not in the knowing, but in the discipline of doing it, day in and day out. Mastering your self, your ego and emotions, is the greatest challenge to trading, and it never ends.

Posted by Jesse at 2:00 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/quote-for-today-know-when-to-hold-them.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=200871777609343376)

lunar
30.12.2009, 21:58
Schweizerische Volkspartei

Zürcher Professoren kontern Anti-Deutschen-Kampagne (http://www.spiegel.de/unispiegel/studium/0,1518,669635,00.html)

Mit Attacken auf "deutschen Filz" und "ausländische Ellbögler" geht die rechte Schweizerische Volkspartei derzeit in Zürich auf Stimmenfang. Vor allem gegen eingewanderte Akademiker richtet sich die Kampagne. Doch nun formiert sich Widerstand: 200 Professoren warnen vor den Folgen der Radikal-Rhetorik. Von Jochen Leffers mehr... (http://www.spiegel.de/unispiegel/studium/0,1518,669635,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=10393&goto=newpost) ]

SVP :dumm :mad

lunar
30.12.2009, 22:09
http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg
Key Theme In Interview With ShadowStats' John Williams - (You Guessed It) Hyperinflation And The Death Of The US Economy (http://www.zerohedge.com/article/key-theme-interview-shadowstats-john-williams-you-guessed-it-hyperinflation-and-death-us-eco)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 12/30/2009 13:38 -0500

Q: "What can we do to avoid hyperinflation? What if we just shut down the Fed or something like that?:

A: "We can't. The actions have already been taken to put us in it. It's beyond control. The government does put out financial statements usually in December using generally accepted accounting principles, where unfunded liabilities like Medicare and Social Security are included in the same way as corporations account for their employee pension liabilities. And in 2008, for example, the one-year deficit was $5.1 trillion dollars. And that's instead of the $450 billion, plus or minus, that was officially reported." - John Williams



52 comments (http://www.zerohedge.com/article/key-theme-interview-shadowstats-john-williams-you-guessed-it-hyperinflation-and-death-us-eco#comments)
Read more (http://www.zerohedge.com/article/key-theme-interview-shadowstats-john-williams-you-guessed-it-hyperinflation-and-death-us-eco)
.
....scheint sehr umstritten zu sein :rolleyes:gruebel (ich hab's noch nicht richtig gelesen)

lunar
30.12.2009, 22:23
:(:gomad

WATCH: Video Purportedly Shows Iranian Police Vehicle Running Over Protester (http://www.huffingtonpost.com/2009/12/30/iran-police-vehicle-purpo_n_406993.html)

http://images.huffingtonpost.com/gen/129517/thumbs/s-IRAN-large.jpg (http://www.huffingtonpost.com/2009/12/30/iran-police-vehicle-purpo_n_406993.html)
Iranian Police Claim Mousavi's Nephew Was Assassinated (http://www.huffingtonpost.com/2009/12/30/ali-mousavi-was-assassina_n_406937.html)





Sam Sedaei: Iran Is Burning in Revolution; Not Recognizing It Can Lead to Calamity (http://www.huffingtonpost.com/sam-sedaei/iran-is-burning-in-revolu_b_404532.html)

lunar
30.12.2009, 22:35
http://s.ytimg.com/yt/img/pixel-vfl73.gifObama: 'Systemic Failure' Allowed Airline Plot

3Qjd0qQBuUA&feature

...diese Geheimdienstler :dumm

lunar
30.12.2009, 22:41
...fast :rolleyes:oo;)

^DJI (http://finance.yahoo.com/q?s=%5EDJI) 4:05pm ET 10,548.51 <---> ^N225 (http://finance.yahoo.com/q?s=%5EN225) 2:00am ET 10,546.44

lunar
31.12.2009, 08:25
30 December 2009

Ghosts of 1987 (http://jessescrossroadscafe.blogspot.com/2009/12/ghosts-of-1987.html)

I am a 'fan' of very few people in the money business. One of my favorite pundits is a frequent guest on Bloomberg Television, which I tend to watch off and on during the day on my computer screen: Joe Saluzzi. Another person for whom I always turn up the volume is Howard Davidowitz, the savvy and no-nonsense retail analyst.

Here is Joe Saluzzi's excellent explanation for the 'odd' market behaviour which many traders have noted to me in the past few weeks.

But it was not until today that it 'clicked' in my mind that this is setting up like the market crash of 1987, for purely technical reasons. The volumes are so hugely dominated by 'high frequency systems trading' that if and when a dislocation occurs, and it may only take something trivial to set it off when the time comes, the market will gain a moementum to the downside that the government may not view so favorably and dismissively.

And in response to such a meltdown, one of the first things the Poseur-in-Chief might consider doing is replacing the current head of the SEC, Mary Schapiro, who has managed to become almost as useless as Christopher Cox, the SEC head under Bush. Granted, the SEC is an awful place to work, rubbing shoulders with the wealthy on a meager government salary while every swinging Congressman cuts your funding when not making personal calls to protect their campaign contributors. But really, the people of the US deserve much better from their government than franchised looting and organized mispricing of risk. It really is becoming that blatant.

ZaHtySJdS9U&feature

Posted by Jesse at 5:09 PM :verbeug (http://jessescrossroadscafe.blogspot.com/2009/12/ghosts-of-1987.html)
http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=8193300579301045992) http://www.blogger.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=8193300579301045992)
Category: 1987 crash (http://jessescrossroadscafe.blogspot.com/search/label/1987%20crash), high frequency trading (http://jessescrossroadscafe.blogspot.com/search/label/high%20frequency%20trading), trading systems (http://jessescrossroadscafe.blogspot.com/search/label/trading%20systems)

lunar
31.12.2009, 08:53
Afghanistan

Selbstmordattentäter tötet CIA-Mitarbeiter (http://www.spiegel.de/politik/ausland/0,1518,669658,00.html)

Er zündetet seine Bombenweste in einem Fitnessraum: In der afghanischen Provinz Chost tötete ein Selbstmordattentäter auf einer Geheimdienstbasis mindestens acht US-Bürger. Die meisten waren laut "Washington Post" CIA-Agenten. Zu der Tat bekannten sich die Taliban. mehr... (http://www.spiegel.de/politik/ausland/0,1518,669658,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=10395&goto=newpost) ]


.....Unklar sei, wie der Selbstmordattentäter unbemerkt auf das Gelände gelangen konnte.... :rolleyes

lunar
31.12.2009, 09:24
Another $4 Trillion For The Banks From Barney The Elf (http://lolfed.com/2009/12/30/another-4-trillion-for-the-banks-from-barney-the-elf/)

December 30th, 2009 by alyx · all ur bankz (http://lolfed.com/category/all-ur-bankz/), bailout (http://lolfed.com/category/bailout/)

http://lolfed.com/wp-content/uploads/barney-the-elf.jpg

Barney Frank did some last minute shopping and picked up the following gifts for the banking industry (http://www.bloomberg.com/apps/news?pid=20601039&sid=a48c8UpUMxKQ). These are the visions of sugarplums dancing in the bank’s heads from HR 4173, the 1,279-page “Wall Street Reform and Consumer Protection Act”.........

lunar
31.12.2009, 10:49
US-Topmanagerin geht wegen Lohndeckel (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/USTopmanagerin-geht-wegen-Lohndeckel/story/31319466) (Topmanagerin bei AIG :rolleyes war wohl nicht so Top :oo)

http://files.newsnetz.ch/story/3/1/3/31319466/4/teasermedium.jpg (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/USTopmanagerin-geht-wegen-Lohndeckel/story/31319466) Aus Ärger über die staatlich verordnete Gehaltsdeckelung hat eine Topmanagerin den angeschlagenen US-Versicherungsriesen AIG verlassen. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/USTopmanagerin-geht-wegen-Lohndeckel/story/31319466)

Aktualisiert um 08:57 Uhr

.......Nach einem Bericht des «Wall Street Journal» soll Kelly eine Abfindung in Millionenhöhe erhalten, auf die sie nach firmeninternen Plänen ein Anrecht habe......

na ja - da hat sie was sie wollte :bad

lunar
31.12.2009, 11:02
...jedem das seine :rolleyes;)

http://www.tagesanzeiger.ch/panorama/vermischtes/bildstrecke.html?id=23977

Die Neujahrsfeier 2009 in Sao Paolo begann mit einer Luftballon-Lawine. Die Initiatoren beeindruckten am Vortag von Silvester Hunderttausende mit dem bunten Schauspiel. Und sie nutzten die Gelegenheit für ein indirektes Statement für die Umwelt: Die Ballons bestehen aus biologisch abbaubarem Gummi.
http://www.spiegel.de/fotostrecke/fotostrecke-50301.html

lunar
31.12.2009, 11:21
.....sodele - auch mal was Positives :)

Das Wunder von Panama (http://www.tagesanzeiger.ch/ausland/amerika/Das-Wunder-von-Panama/story/18240642)

In der ganzen Welt hat die Finanz- und Wirtschaftskrise schwere Schäden hinterlassen. Nur in Panama nicht. Dem Kanal, der auf den Tag genau vor zehn Jahren an die Einheimischen übergeben wurde, sei Dank. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Das-Wunder-von-Panama/story/18240642)





Der Panamakanal (http://www.tagesanzeiger.ch/ausland/amerika/Das-Wunder-von-Panama/story/18240642)

lunar
31.12.2009, 11:22
Das kleine Schauspiel in der Silvesternacht (http://www.tagesanzeiger.ch/wissen/natur/Das-kleine-Schauspiel-in-der-Silvesternacht/story/27587594)

http://files.newsnetz.ch/story/2/7/5/27587594/4/teasermedium.jpg (http://www.tagesanzeiger.ch/wissen/natur/Das-kleine-Schauspiel-in-der-Silvesternacht/story/27587594) Mit Finsternissen am Himmel wurde Mitteleuropa in diesem Jahr nicht verwöhnt. Doch am 31. Dezember ist am Abend eine kleines zu beobachten. Mehr... (http://www.tagesanzeiger.ch/wissen/natur/Das-kleine-Schauspiel-in-der-Silvesternacht/story/27587594)

Von Thomas Baer und Andreas Walker. Aktualisiert am 30.12.2009

......Besonders ist allerdings nicht nur die partielle Mondfinsternis am 31. Dezember. Aussergewöhnlich ist auch, dass es dieses Jahr gleich zweimal einen Vollmond im selben Monat gibt. Letztmals war dies im Juni 2007 der Fall. Nun wiederholt sich der doppelte Vollmond. Der erste zeigte sich vom 2. auf den 3. Dezember. Es war die längste Vollmondnacht dieses Jahres. Sie dauerte in unserer Region 16 Stunden 53 Minuten.

In der Astronomie wird ein zweiter Vollmond im selben Monat landläufig als Blauer Mond bezeichnet. Der Begriff stammt ursprünglich aus dem englischen Sprachraum und meint ein nur sporadisch auftretendes, sehr seltenes Ereignis. Im 19. Jahrhundert wurde der Blaue Mond in den USA oft mit astronomischen Ereignissen in Verbindung gebracht. Tatsächlich liess vulkanischer Staub in der Erdatmosphäre den Mond manchmal bläulich schimmern. In jener Zeit spielten die Mondphasen in der Landwirtschaft eine zentrale Rolle. Den Bauern dienten sie als Kalender: Die Vollmonde wurden pro Jahreszeit gezählt und als erster, zweiter und letzter Vollmond durchnummeriert........

lunar
31.12.2009, 11:43
Best of MERIAN 2009

Die Schatzkammer der Zarin (http://www.merian.de/reiseziele/artikel/a-656881.html)

Die Gründung der Ermitage war eine PR-Aktion, später missbrauchten die Sowjets das Museum als Devisenquelle. Heute kämpft St. Petersburgs größte Attraktion mit den Folgen der Finanzkrise. MERIAN.de präsentiert die besten Reisereportagen 2009 - und wurde Zeuge des Ausverkaufs in der Zarenstadt. mehr... (http://www.merian.de/reiseziele/artikel/a-656881.html)





http://www.spiegel.de/static/sys/v9/icons/ic_listbullet.gifMERIAN.de: Lesen Sie mehr auf der Homepage (Merian) (http://www.merian.de/reiseziele/artikel/a-653188.html)
http://www.spiegel.de/static/sys/v9/icons/ic_listbullet.gifBest of MERIAN 2009: Die schönsten Bilder des Jahres (Merian) (http://www.merian.de/reiseziele/artikel/a-669642.html)

lunar
31.12.2009, 15:38
.....einen :supi Rutsch ins 2010 http://goldtent.net/wp_gold/wp-content/uploads/2009/12/full-moon-reflection-350-px1.jpg durch die Vollmondnacht
__________________

lunar
01.01.2010, 13:32
******************** :kiss **********

http://www.panoramajournal.ch/newyearseve-switzerland/new-years-eve-zurich/silvesterpartysfeuerwerke/index.html#top

lunar
01.01.2010, 17:55
http://static.2mdn.net/viewad/817-grey.gif (http://ad.doubleclick.net/click;h=v8/3915/0/0/%2a/c;44306;0-0;0;43020972;33640-234/20;0/0/0;;%7Eaopt=2/1/4/0;%7Esscs=%3f)http://ad.doubleclick.net/ad/invc.calculatedriskblog/textlink;kw=;kval=textlink;tile=6;sz=234x20;ord=123456789? (http://ad.doubleclick.net/jump/invc.calculatedriskblog/textlink;kw=;kval=textlink;tile=6;sz=234x20;ord=123456789?) Friday, January 01, 2010

Chicago PMI revised down, Treasury makes final TARP Bank Investments (http://www.calculatedriskblog.com/2010/01/chicago-pmi-revised-down-treasury-makes.html)

by CalculatedRisk on 1/01/2010 09:53:00 AM

A couple of stories that I missed yesterday ...

Dow Jones reports (http://online.wsj.com/article/BT-CO-20091231-704973.html) that the Chicago Institute for Supply Management revised down the Chicago PMI to 58.7 on Thursday from the announced reading of 60.0 on Wednesday. The most significant change was to the employment index that now shows contraction at 47.6 compared to the announced 51.2.

And the WSJ reports that the Treasury announced they made their final TARP investment in a bank: Treasury Ends TARP Bank Investments (http://online.wsj.com/article/SB126228938327012383.html) (ht jb)
The U.S. Treasury this week officially ended the bank recapitalization portion of its Troubled Asset Relief Program. ... A Treasury spokesman said [10 small banks] would be the last to receive capital under the effort ... Posted by CalculatedRisk on 1/01/2010 09:53:00 AM (http://www.calculatedriskblog.com/2010/01/chicago-pmi-revised-down-treasury-makes.html) 96 Comments (http://www.hoocoodanode.org/post?id=/4212988058783335526&author=CalculatedRisk&title=Chicago%20PMI%20revised%20down%2C%20Treasury%20makes%20final%20TARP%20Bank%20Investments&pl=http%3A%2F%2Fwww.calculatedriskblog.com%2F2010%2F01%2Fchicago-pmi-revised-down-treasury-makes.html)

:rolleyes ....fängt ja schon wieder gut an :mad

lunar
01.01.2010, 18:21
this was published in Israel by Yashiva World News (http://goldtent.net/wp_gold/2009/12/31/this-was-published-in-israel-by-yashiva-world-news/)

by Ororeef @ 14:13 pm.
Its the same security company involved in the latest security breech.They claim that document enforcement is a vital part of their security services.They obviously failed at this most simple procedure.This is serious business.!

Israeli Firm Responsible for Amsterdam Airport Security Where Terrorist Boarded Aircraft

December 27, 2009 Filed under: Israel News (http://www.theyeshivaworld.com/?cat=2), General News (http://www.theyeshivaworld.com/?cat=3) — Y.W. Editor @ 8:14 am
–>

http://www.theyeshivaworld.com/wp-content/uploads/2009/12/tsa1.jpg An Israeli firm is responsible for security inspections in the airport in Schiphol, Holland, the airport where Umar Farouk Abdulmutallab boarded the Airbus 330 heading for Detroit (USA). The Israeli company, ICTS, is reportedly one of the leaders in security, & operates in Amsterdam and a number of other European countries.

ICTS was established in 1982 and today employs 11,000 security personnel in 22 countries. Many airports and airlines seek the Israeli expertise and opt for ICTS to provide security for passengers and employees.

According to Rom Langer, the director of the company, who granted Channel 2 News an interview on motzei shabbos, the terrorist did undergo a security inspection in Amsterdam, but he does not have the information pertaining to the inspection.

When asked about the fact that the suspect attempted to set fire to the aircraft, Langer responded, “You too can set the seat on fire, using a lighter”.

Schiphol is among the busiest airports in Europe, with many passengers from Africa and Asia passing through, making their way to North America. Security is reportedly stringent, and passengers are limited regarding quantities of liquids and other substances permitted on a flight.

(Yechiel Spira - YWN Israel)

:dumm :gomad ...aber Hauptsache die Reps können es Obama in die Schuhe schieben :rolleyes:mad

lunar
01.01.2010, 18:52
http://files.newsnetz.ch/dossier/4/430/bar.jpg (http://www.tagesanzeiger.ch/kultur/dossier/dossier2.html?dossier_id=430)
Die spektakulärsten Bauten der Nuller-Jahre

http://www.tagesanzeiger.ch/kultur/architektur/Die-spektakulaersten-Bauten-der-NullerJahre/story/17993844?dossier_id=430

lunar
01.01.2010, 18:56
http://files.newsnetz.ch/dossier/4/430/bar.jpg (http://www.tagesanzeiger.ch/kultur/dossier/dossier2.html?dossier_id=430)
Die beste Schweizer Kunst des Jahrzehnts :rolleyes


Aktualisiert am 17.12.2009 4 Kommentare (http://www.tagesanzeiger.ch/kultur/dossier/die-nuller-jahre/Die-beste-Schweizer-Kunst-des-Jahrzehnts/story/20609187?dossier_id=430#kommentar)
http://www.tagesanzeiger.ch/kultur/dossier/die-nuller-jahre/Die-beste-Schweizer-Kunst-des-Jahrzehnts/story/20609187?dossier_id=430

lunar
01.01.2010, 19:03
http://files.newsnetz.ch/dossier/4/430/bar.jpg (http://www.tagesanzeiger.ch/kultur/dossier/dossier2.html?dossier_id=430)
«Balkanraser» und «It-Girl»: Die Sprache der Nuller-Jahre

Von Philippe Zweifel. Aktualisiert am 17.12.2009 25 Kommentare (http://www.tagesanzeiger.ch/kultur/dossier/die-nuller-jahre/Balkanraser-und-ItGirl-Die-Sprache-der-NullerJahre/story/31091691?dossier_id=430#kommentar)

http://www.tagesanzeiger.ch/kultur/dossier/die-nuller-jahre/Balkanraser-und-ItGirl-Die-Sprache-der-NullerJahre/story/31091691?dossier_id=430

lunar
01.01.2010, 19:50
Iran: Moussavi "zum Märtyrertum bereit" (...hoffentlich kommt es nicht so weit :()

Der Oppositionsführer ruft Präsident Ahmadinejad auf, die Repressionen zu beenden. Er habe keine Angst, für sein Volk das Leben zu geben.

http://kurier.at/mmedia/2010.01.01/1262354418_5.jpg Moussavi: Die Regierung muss sich der Krise im Land stellen.

In seiner ersten Erklärung seit dem gewaltsamen Vorgehen der iranischen Sicherheitskräfte gegen regierungskritische Demonstranten am Sonntag hat Oppositionsführer Mir-Hossein Moussavi die Führung in Teheran aufgerufen, Repressionen zu beenden. Die Regierung von Präsident Mahmoud Ahmadinejad müsse "ihre Verantwortung für die Probleme übernehmen, die sie im Land geschaffen hat", hieß es in der am Freitag auf Moussavis Website veröffentlichten Stellungnahme. Sie müsse "die politischen Gefangenen freilassen und das Recht des Volkes, sich zu versammeln, anerkennen". Wenn die iranische Führung nicht eingestehe, "dass es im Land eine schwere Krise gibt", könne sie die bestehenden Probleme auch nicht bewältigen.....
ganzer Artikel: http://kurier.at/nachrichten/1966826.php