Archive for May, 2009

A Different Kind of Animal

Posted on 2009 05, 31 by rockingjude
A is for Access
Image by Ben Zvan via Flickr

Posted: 31 May 2009 06:24 PM PDT

Most people (outside of Washington and Wall Street, that is) understand that what we’re going through right now is more than a cyclical downturn.

They realize, unlike policymakers and Wall Street’s movers-and-shakers — unless, of course, those individuals are keeping quiet or lying about what is really going on – that the financial crisis caused some irreparable damage to the financial system.

They also acknowledge that it will take more than empty cheerleading, a tsunami of budget-busting government largesse, and a relatively small number of months to clean up a disaster that was decades in the making.

In other words, they know it’s a different kind of animal.

Well, as the following column, “Strapped Cities Scrimp and Scratch,”by the Toledo Blade’s Roberta de Boer reveals, one group may have taken that assessment a bit too literally.

American Capitalism Gone with a Whimper

Posted on 2009 05, 31 by rockingjude
Notice the date of this article… ~jude
gone1
- RUSSIA

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.

WISHFUL THINKING AND INDECISIVE WARS

Posted on 2009 05, 31 by rockingjude

By: Ralph Peters

The most troubling aspect of international security for the United States is not the killing power of our immediate enemies, which remains modest in historical terms, but our increasingly effete view of warfare. The greatest advantage our opponents en joy is an uncompromising strength of will, their readiness to “pay any price and bear any burden” to hurt and humble us. As our enemies’ view of what is permissible in war expands apocalyptically, our self limiting definitions of allowable targets and acceptable casualties-hostile, civilian and our own-continue to narrow fatefully. Our enemies cannot defeat us in direct confrontations, but we appear determined to defeat ourselves.

Another Medal of Honor recepient’s view of Torture

Posted on 2009 05, 29 by duo

Medal of Honor winner, Col Bud Day USAF (Ret.) about his time

as a prisoner in North Vietnam.

Dear Kelly:

Thanks for the “heads up” on the Medal of Honor spots. Some of my friends have seen it already and mentioned it. I sent a copy of my book to Fox News in D.C., and wanted Sean Hannity to be able to talk about what torture really is. He has no one on his side to talk about torture … who has been tortured. He is free to quote from the many illustrations that I provided in my book Duty Honor Country I got shot down over N Vietnam in 1967.

Eve of Destruction

Posted on 2009 05, 29 by duo
The Wall Street Crash of 1929, the beginning o...
Image via Wikipedia

By way of ansman007

“There’s a wholesale change in mood on Wall Street these days, a delirium frenzy not unlike the gnashing of teeth and swirling pools of slobber caused by dangling raw goat meat above a pack of feral dogs. Naturally, when you’re cutting loose more than 100,000 financial jobs a month, which is what happened in April, you have to expect some slippage in domestication.

But you and me, we’re not like the others. For one thing, we have reason on our side. And as long as we make an effort to drink our whiskey from a glass and consciously choose the fork over its uncivilized bastardization, the spork, we have license to judge these awful events for what they really are; desperation.

By the hammer of Thor! Make it so. “

http://www.minyanville.com/articles/index.php?a=22828

Suddenly, it all makes sense.

FDIC about to become a barren wasteland of dried up fail?

Posted on 2009 05, 28 by rockingjude

jr deputy accountant

[£ing the esoterica known only to initiates]

accounting enthusiast, hipster artist, mother, authorized snark distributor,
disbeliever in government, believer in regulation
.

Thursday, May 28, 2009

Will Your Retirement Assets Be Seized?‏

Posted on 2009 05, 28 by rockingjude

capitolenergy

Thursday, May 28th, 2009       

Dear Energy and Capital Reader,       

You walk out to your mailbox, quickly sort through the day’s mail… and then you see the familiar envelope.       

It’s from your broker – and inside is your latest retirement account statement.

Even though you know the news is likely to be bad, you grab a cold drink and settle into your favorite chair to pore over the numbers.

The Next Big Thing: Africa

Posted on 2009 05, 27 by rockingjude

By:Dambisa Moyo

Africa still evokes in the minds of many some mix of corruption, disease, war, and poverty—the Four Horsemen of Africa’s Apocalypse. Indeed, the economic crisis has fueled a whole new round of such worries. But the perpetual hand-wringing over the continent’s dreadful state misses a broader trend: Africa is rising, and it could emerge from the crisis stronger than most people think.

Africa’s renaissance is firstly economic. The continent’s inflation-adjusted GDP has roughly doubled from $130 billion in the 1980s to $300 billion in 2008, according to Goldman Sachs. The continent has had 7 percent annual growth in the 2000s, coming on the heels of 2 percent growth in the 1990s. The commodities boom contributed, but other under-recognized factors played a role.

iStockPhoto.com

Aid Ironies: A Response to Jeffrey Sachs

Posted on 2009 05, 27 by rockingjude

dambisamoyo

Ahead of the publication of my book Dead Aid, an author friend of mine cautioned me about responding to opponents who found it necessary to color their criticism with personal attacks. This, he argued, is a tried and tested way of side-stepping the issues and providing a smoke screen when faced with a valid argument.

Jeffrey Sachs‘s latest posting is just the latest example of using this tactic to obfuscate the facts and avoid addressing the fundamental issues regarding aid’s manifest failure to deliver on its promise of generating growth and alleviating poverty in Africa.

And though I am responding here in order to refute his arguments, as a fellow economist, I intend to rely on logic and evidence to make my argument and show Mr. Sachs the professional courtesy that he has failed to show to me.

Operation Nice: Encouraging Individuals to be Proactively Nice

Posted on 2009 05, 27 by duo

Don’t you love it when people go out of their way to be nice? Like when someone waits to hold the door for you. Or when a stranger waves you into a line a traffic. Or even when a coworker shoots you a friendly smile along with a “have a nice day.” If everyone was a little bit nicer to the folks they encountered each day, perhaps the world would be a more pleasant place. Operation NICE was initiated to remind you that a little NICE goes a long way.


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