This might be a long night. I don't care if I'm right or not with my call of 7.
35 would be just fine with me. Maybe America will wake up with some obscene number of failures. My God, what does it take to awaken the people to WTF is going on in this country?!?!?
These banks failing in the 1930's would have set off a chain reaction within the area where they were, and set off runs on every other banking institution regardless of their financial condition...
Today, we are more concerned about the number of failed banks being the same as our guess~
I think the TALF wind-down will have a negligible impact at this point. In ABS, the vast majority of bonds that qualified for TALF financing were trading inside of levels where the financing was profitable.
In CMBS, TALF was still a good deal, but the volume going to TALF was dwindling. Financing is once again available from the dealers (like banks), so that helps dampen the effect of TALF going away. CMBS spreads have been grinding tighter steadily for the quarter, and this may stop the grind, but I doubt things head the other way.
They claim he's had all these heart attacks, but it must be similar to somebody with an amputated limb that feels a mock pain where the appendage used to be....
Somebody was talking about a Greek Bailout earlier. I think that's a great name for a mixed drink. "I'll have a Greek Bailout, puh-leeze." What, ouzo and cherry schnaps on the rocks with a slice of melon? Something.
......That actually looks appetizing. Amazing the stuff you're willing to eat when you're hungry and dieting...LOL
I ate it when I was a kid because we used to hunt them, and the folks required that we eat what we shot or caught....it is pretty good if you can tolerate fried food.
Somebody was talking about a Greek Bailout earlier. I think that's a great name for a mixed drink. "I'll have a Greek Bailout, puh-leeze." What, ouzo and cherry schnaps on the rocks with a slice of melon? Something.
Yeah, next morning you wake up under a different flag craving French cuisine.
Your enlistment papers are waiting at the front desk.
"Ahem". Thank you, thank you fellow citizens. I am honored for your nomination and will move to expedite quality control for all breweries in and those shipped to our great land. There will be a nominal $1.00 quality surcharge on each 6 pack, but you are allowed to take that off your 2011 tax.
God Bless America.
Somewhere in Lousiana, a befuddled Bill Murray look-alike confronts a pizza delivery driver.
"Where all all those pizzas going?"
"To the bank, of course! It's Friday... you know, BFF?"
"Friday is still just once a week, right?"
For those {whom} might try to get out of paying this constitutional imposed quality control tax, we offer a free case for those who might wish to name names.Why should YOU pay more for THEIR quality beer?
And you even get a reward!
Fed's Flow of Funds numbers again show average Americans' net worth gaining more by mortgage defaults than asset appreciation.
If there is a recovery in Americans' finances, they don't see it.
The Federal Reserve reported Thursday that the net worth of U.S. "households" increased at about a 5% annual rate in the fourth quarter, a good deal slower than the blistering 20% pace over the two previous quarters, but still a solid increase.
Not long after the news was posted on the Wall Street Journal's Web site early that afternoon, the vituperative comments began to flow. Many simply dismissed the data as inaccurate or worse. The numbers simply didn't jibe with what they were seeing in their own finances or those around them.
Most of the gain in wealth has come from the rebound in the stock market, which drove a 15.4% annual rate of gain in households' equity holdings in the period. For the year, their equity holders increased 30.9%.
My God, what does it take to awaken the people to WTF is going on in this country?!?!?
Does it matter any more? The system is broken and something else is emerging even as we speak. Reforms don't matter. More regulation doesn't matter. It's over. Time to look for what is coming.
Here's the result from my effort today to "awaken the people," specifically a small family sliding into poverty because of illness and injury:
Big business employs other businesses & the money does trickle down. Insurance companies employ people & the money trickles down.
Greek Bailout: 2oz of ouzo, 2oz peach schnapps (like the drink Greek Kiss), 6 cups bitter lemon, warm to room temperature, add four tablespoons goats milk, and a twist of lemon to curd the milk. Mix. Now sit in the direct sun and chug.
You're supposed to drink it but you don't hit yourself on the head with the empty bottle.
That would have been the kind thing to do - before you drink too much. I don't know which leaves the worse hangovers - retsina or ouzo [raki or arrak similar]... my roommate was Turkish - we drank oceans of the stuff usually while cooking [Middle Eastern meals]. Got blindingly drunk some nights.
Stamos wrote: someone set up a betting system to gamble on when we will hit the Bank failure #100 benchmark.
Only if we can sell and trade derivatives on it... an honest market is common as an honest politician
Pernod is similar. Drank it once with a bunch of Icelanders, who happened to have some. Then they went to the cemetery and pee peed on the tombstones - supposedly to show their contempt for death.
Retsina ice cubes in carbonated water is excellent
I had quite a few drinking binges with Retsina in Greece in my younger years. I never got used to the taste but after a few glasses things started to flow. Greeks know how to party!
I had quite a few drinking binges with Retsina in Greece in my younger years. I never got used to the taste but after a few glasses things started to flow. Greeks know how to party!
LOL - they all do over there. Party & kill, party & kill... can't make up their mind which it's gonna be on any given day. My roommate when mad used to say [in a thick Turkish accent]... "Don't make me go 'Crazy Turk'..." Ummm - no we wouldn't want that - please settle down & have another drink.
RE, I really miss the dinners my friend's wife used to make for us. He was a Soviet television correspondent stationed in DC. Lots and lots to drink, but also plenty to eat, which is how it should be, and the pace of the eating and drinking is slow and measured. Lots of small courses of savory things. You end up feeling good and mellow, not stuffed to the gills and sickish.
You end up feeling good and mellow, not stuffed to the gills and sickish.
Pavel, I loved those dinners. We often started late (after 10pm) and ate, drank and talked into the early morning. It is a very different lifestyle. Much more reflective.
Pavel, I love those dinners. We often started late (after 10pm) and ate, drank and talked into the early morning. It is a very different lifestyle. Much more reflective.
According to the CTV leader, the power crisis together with high inflation levels, devaluation and increased prices of some staple foods have created a sort of "Molotov cocktail against workers." As a result, the recent 10 percent increase in minimum wage, which came into force last week, and the additional 15 percent raise in September will be meaningless.
Don't ever let a Greek and a Turk get into an argument if it is ...[homefield here]... coffee and especially not if things have been flowing.
Not just Greeks & Turks either... Armenians & Turks, Turks & Iranians, Turks & Arabs, Turks & Kurds, Kurds & Iranians, Kurds & Arabs... other direction... Greeks & Albanians, Bulgarians & Albanians, Albanians & Serbs... on and on. I had friends from many of those places - also North Africans [Tunisians, Algerians, Moroccan]... big Middle Eastern student body - it was nuts. Here they were 'forced' to get along - sort of - there prolly not so much.
One mystery solved: Apparently Valley National Bank, Wayne, New Jersey is not a big bank. They didn't have enough people to send one group to LibertyPointe Bank and to Park Avenue Bank in the same day. So the FDIC kindly closed them on succeeding days so that the same team could handle one bank on Thursday and then a different bank on Friday. I bet the commute between the two banks is a killer, especially Friday afternoon.
Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months.
the power crisis together with high inflation levels, devaluation and increased prices of some staple foods have created a sort of "Molotov cocktail against workers."
Something like that can't happen in the United States.
BROWNSVILLE — The Zapata County sheriff Thursday was questioning why a Mexican military helicopter was hovering over homes on the Texas side of the Rio Grande.
Now this may take you minds off of BFF for a minute:
The woman arrived in the African country last winter. Six months later, she found a small white tumor on her shoulder. The tumor was 3-4 centimeters in diameter. The tumor disappeared in two days, but later reappeared on the woman’s head. Afterwards, the tumor was moving from one spot on the woman’s body to another for several months.
The woman eventually stopped paying attention to it until she felt sharp pain in her right eye. She looked in the mirror and was shocked to see a white worm crawling from one corner of her eye to the other. The helmint disappeared, but the woman found it the next day, underneath her lower eyelid.
The tourist decided to return to Russia to undergo medical treatment in Moscow. The woman caught the tropical disease known as loiasis. The moving tumor, which the woman had on her body, is known as the Calabar swelling: it is a typical symptom of loiasis.
Loiasis is a parasitic disease caused by a certain type of helmint known as Loa loa. The disease transmits through the bite of deer fly or mango fly. Incidents when worms penetrate into the brain or the spinal cord may lead to lamentable consequences. An infected individual may develop a severe form of encephalitis.
The geographical distribution of human loiasis is restricted to the rain forest and swamp forest areas of West Africa, being especially common in Cameroon and on the Ogowe River. Humans are the only known natural reservoir. It is estimated that 12-13 million humans are infected with the Loa loa larvae.
"BROWNSVILLE — The Zapata County sheriff Thursday was questioning why a Mexican military helicopter was hovering over homes on the Texas side of the Rio Grande."
Okay fellow geniuses, I have a very interesting question I have been unable to find an answer online:
What was the 50 State Quarters Greetings from America Portfolio final sales?
I am interested to find out as it is something I have a complete set of both types.
But the US Mint website is particularly worthless- which I find problematic since they are supposed to be more customer friendly.
WASHINGTON, March 12 (Xinhua) -- U.S. investigators said on Friday that they are looking into the case of a suspected terrorist arrested in Yemen, as evidence suggests the man had worked at several nuclear plants in the United States.
The suspect, Sharif Mobley, is a U.S. citizen, and was nabbed in an anti-terror sweep this month, said the Yemeni authorities. He was suspected of ties to the al-Qaeda terror network.
U.S. Nuclear Regulatory Commission confirmed on Friday to media that Mobley worked between 2002 and 2008 for contractors hired by five nuclear plants in Maryland, New Jersey and Pennsylvania. He worked as a laborer and mostly did maintenance work.
Local media cited unnamed U.S. officials as saying that investigators are looking at whether Mobley had access to sensitive material or information.
Mobley, 26, is of Somali origin, and was born in Buena, New Jersey. After his arrest by the Yemeni authorities, he complained of being ill, and was taken to a hospital in Sanaa over the weekend, where he grabbed a gun from the guards, and a shootout ensued. He was later recaptured. A guard was shot dead, and another injured
There is no vaccine or medicine to treat or prevent Guinea worm disease. Once a Guinea worm emerges a person must wrap the live worm around a piece of gauze or a stick to extract it from the body. This long, painful process can take up to a month.[5] This is the same treatment that is noted in the famous ancient Egyptian medical text, the Ebers papyrus from 1550 B.C.[4] Some people have said that extracting a Guinea worm feels like the afflicted area is on fire.[9][10]
Although Guinea worm disease is usually not fatal, the wound where the worm emerges could develop a secondary bacterial infection such as tetanus, which may be life-threatening—a concern in endemic areas where there is typically limited or no access to health care.[11] Analgesics can be used to help reduce swelling and pain and antibiotic ointments can help prevent secondary infections at the wound site.[6]
Here they were 'forced' to get along - sort of - there prolly not so much.
Old feuds die a very, very long death in places with a long history. History is often preserved to retain a people's identity. However, that process also keeps feuds alive and well. It is often used by unscrupulous politicians for their own ends. In the U.S. we can observe a derivative of these feuds in battles of ideology. Because they aren't about life and death they are not quite as animated but not really more mature.
According to the Field Manual, you are borderline German. You make a good rocket? Unless no, you are unfortunately dead meat...unless chapter 7c) German Jews making a rocket...than it is ok.
"Here's something else that's currently considered "impossible" which seems highly probable to me, just based on history and human psychology: that stocks will trade at price-earnings ratios of 4 to 6, that dividends will exceed 10% because interest rates exceed 10%, and that houses will routinely sell for 10% or 20% of their bubble highs even in desirable areas. Houses in undesirable areas will have zero value except for scrap, and unfortunately most McMansions have little useable lumber or other materials, being largely constructed of wood chips, defective drywall, plastic piping, fake rock or brick, etc.
Stocks which sold for $40 a share today will trade for $1 or $2. Volume will be light because people will have given up playing the crooked shysters' Wall Street games. The Dow Jones Industrial Average will trade around 1,000 (down from 10,600 today) and after years and years of shouting and screaming and hype about "the bargain of a lifetime" and "this is bottom, the market willl never go lower than 6,700 ever again in the entire history of humankind," etc. etc. etc., people will have finally relinquished their core belief in the fairness, goodness and wonderfulness of stocks and housing as surefire pathways to wealth. "
the religious divides also overlap with the urban/rural divides, and income divides, and education divides...
I wouldn't have mentioned the religious angle, but it comes up often enough in political conflicts in SE Asia
don't listen to me too much, this is just off the top of my head, I think the main thing at the time of the coup was the rural people felt neglected, there were allegations of corruption (and a minor bit of demonstrated corruption, something to do with a contract and his daughter/wife), and it was generally accepted that he presided over a relatively good economy which has deteriorated since he's been out of office [note I'm not ascribing cause:effect]
I can't remember who it was right now...but I remember reading about an archeologist in Egypt I think... bug burrowed into his ear. They couldn't get it out. It eventually ate its way out the side. Painful, lost his mind from the pain for awhile.
There's an urban agrarian divide as well. Thaksin maintained his agrarian voter base very well and does so to this day. He and his cronies profited handsomely. Different set of cronies in power now. Has a familiar ring.
Sheila keeps hoping a hurricane will do the dirty work for her.
I've given that woman two winters waiting for her to swallow that giant pig; I'd be very upset if she was able to abdicate her responsibility because of a little windstorm.
The thing about banks in this day and age is that the electrons are indestructible, as long as they're backed up in the right place. She could technically take over the bank during a hurricane.
EDIT: Oops, time to be parental and put the kids to bed. Sorry to dump and run.
A few who are contemplating the rough job of entrepreneur might be interested in this post by Ben Horowitz at Marc Andreessen's blog:
At our new venture fund, we’ve been spending time looking into new ways that will make the lives of entrepreneurs seeking funding easier. To that end, we've linked up with Ted Wang who has been working on an open source legal project called the Series Seed documents. We’re impressed with his work and are going to use these standard funding documents as part of our seed stage investments wherever appropriate. ...
As I've mentioned before, my mother is 100% Greek. My m-i-l is 100% Albanian. I have a teen with a grumpy streak. I know it's the Greek & Albanian genes warring within.
Yes, I voted 5, but have you noticed the FDIC loss-ratios are much smaller than 6 months ago?
There were a bunch in the 40% range back then and now they're typically 15%-30%. Maybe its a case of triage and the sickest ones were dealt with first. If that's the case, we might have to face up to it not being as bad as we hoped.
Just got in from work, did I miss anything? I saw RockyR and Scotto were discussing our airport boondoggle here in Panama City after I left this morning. My husband is working on that job site and it is a mess. They are way behind schedule and it is still flooding with heavy rain. One day they went in to work on one of the buildings and there was several inches of flood water in the building. The guy they hired (Phoenix Construction owned by James Finch) is notorious for screwing jobs up. He is the one they are trying to fine for the water problems as they didn't put enough sod down. They built the damn thing in a wetlands ( a freaking swamp). No amount of sod will fix that. St. Joe corporation had swamp land they needed to dump so we the dumbasses are funding that for them. They put it to a vote here years ago and it was voted down by the people so they just went ahead and did it anyway. Personally I don't care one way or another, at least my husband has a job for the time being working out there.
Hows life? Seen any greenchutes there in the "real" VA?
Couldnt be better, even if I won the lottery.Well maybe not that great. Greenshoots? What are they? Some sort of hybrid Monsanto corn that is suppose to be good for you? How's life up there in never never land?
You mean at the center of the known universe? Same as it was in 05. Well, a few cracks and the paint is fading here and there....Doom rode its pale horse south as best as I can tell
"Couldnt be better, even if I won the lottery.Well maybe not that great. Greenshoots? What are they? Some sort of hybrid Monsanto corn that is suppose to be good for you? How's life up there in never never land?"
Hey kid, get back in the line. Mosanto...shit..that is just LAME. Really friggin LAME. Next you cry for ice cube of greenland?
Do you think some people actually would read over 13,000 comments?
Edit: wait a minute, that second story is supposedly only 51 minutes old and has the title:
"Health bill's prospects abruptly improve; Obama delays trip"
I guess Yahoo didn't update the text in the URL . . . or else it's just the same story from August 2009.
We are not saving at all yet as a nation. The sad truth is that we continue to add to our level of debt, albeit at a slower pace. Of course, every dollar of debt is a promise to tax that same dollar sometime in the future. So Public debt is no better than private debt. And therefore, our over-leveraged condition has not even begun to heal.
FDIC is selling a lot of structured notes. Perhaps they are trying to build up their piggy bank (named "DIF") so they can buy a named Zions or Regions or Westernbank.
FDIC is selling a lot of structured notes. Perhaps they are trying to build up their piggy bank (named "DIF") so they can buy a named Zions or Regions or Westernbank.
Maybe those forward premiums they are charging member banks isn't coming in as fast as they thought it would.
Oh, no, the amoral scumbags used to be just the bankers; now it's the cab drivers, too:
NEW YORK – Thousands of New York City taxi drivers overcharged passengers by more than $8.3 million over the past two years by setting their meters at a rate that was supposed to be used for trips to the suburbs, the Taxi and Limousine Commission said Friday. At least 1.8 million trips were wrongly charged at the suburban rate, which is double the rate within city limits, the commission said.
Any friggin western "batman" ship, that is an insult and next time they got guns and more. You go there charging and waving flags, well they will wave even bigger flags.
That is the problem with westerners, they go to humiliate the Asians and that is like fucking your wife in public. Citizen arrest in a Japanese ship...how fucking MORE clueless Greenpeace could be...
Their pepperocinis are pretty hot. I'm kinda spoiled on hot though. I accidentally grew a Habanero plant last year and now I'm addicted to them. I put them in everything. I didn't used to even like hot food. Now I keep a tub of Habanero Lime Butter in the fridge at all times. I drop a dollop on fish, chicken, steak, pork and hubby even puts it on his baked potatoes. I'm growing more this year.
Comrade Kristina wrote: I accidentally grew a Habanero plant last year and now I'm addicted to them. I put them in everything.
Habanero is fantastic Talk about a straightforward trigger to an almost instantaneous endorphin rush... Great for chili!
"You have a way with words LBB. Have you considered graduate school? "
Just saying I was once and still are a westerner but I am beginning to understand the Asian mentality...and that kind of shit is like "fucking your next wife". You go and wave a flag, better prepare for war. Especially Brits and Aussies are idiots, when it comes to Asians. So no wonder Asians are attacking back, even when they are wrong...
How you stop the whale hunting...well, you strike BEHIND the curtains and say no more Toyotas in America or something like that. But it must come from the Honky Rambo Mr. One, Like Obama. You never ever go public unless you want to win a war...
Sheldon Wolin's ( see link below ) overarching thesis is that America's national political order has evolved into what he calls an inverted totalitarianism. Unlike the top-down dictatorships of a Stalin or a Hitler, America's form of "totalism" is rooted in an interdependent "copartnership" of corporation and state that, like any individual corporation, is hierarchically structured and headed by a strong executive (the President). Both the corporate and state components of this amalgamated enterprise are managed by policy-makers and administrators who, in many cases, are the product of privileged backgrounds, a system of elite university training, and professional connections that Wolin describes as "self-validating" and "self-perpetuating."
DM4's diary :: ::
Wolin identifies this managerial class as "the elites." They are the proverbial Best and Brightest who shape the decisions and oversee the operations of America's defining institutions: among them, the federal government, business corporations, financial institutions, the mass media, the major political parties, corporate law firms, think tanks, religious organizations, and the various commercial channels of American popular culture.
It can be inferred from Wolin's text that the elites represent two special challenges for American democracy. The first is that, because they gain their experience and understanding of life in privileged circumstances and in conjunction with power and influence, they tend to carry out their responsibilities with little or no regard for the concerns and needs of ordinary Americans. Instead, their focus ¾ sharpened by the potential for great monetary reward and/or personal prestige ¾ is fixed on the goals of maximizing the profits and/or influence of their organization, and, in the case of business corporations, of strengthening the power of the state to help them consolidate and expand global markets.
The second challenge presented by the elites is that, although they run pretty much the entire show of American economic and military power, they are largely insulated from popular influence. One reason for this is the barriers imposed by what Wolin describes as "managed democracy" ¾ an arrangement, to be more fully explained in the following section ¾ in which democracy is systematized in a way that effectively suppresses citizen participation. Another reason the elites are insulated, in Wolin's view, is that the American public as a whole has little or no awareness of itself as a political counterforce; it appears, instead, to be either oblivious of, or apathetic toward, the distancing of government policy from its own needs and concerns. We can guess that at least one reason for this is the common popular belief that, despite recurrent historical evidence to the contrary, the complex decision-making required in national governance is best left exclusively to those who have demonstrated their superior capacity by dint of advanced degrees from elite universities. A major point in Wolin's book is that this perspective must be reversed. In order to reorient government to a concern for the common good, he believes, ordinary people must organize themselves as a conscious counter-elite that makes its own voice heard.
Well, Australian prime minister has a clue but how things are going, there will be all out Japanese full attack carrier group, "supporting" the whale friggin fish ships, near Australia next time. Because it is all about honor this time....
OT,I will be marking "African-American" on my census questionnaire since it is defined as someone whose ancestors came from africa.Mine did,taking the long route through europe.Until they change the definition of African American to mean those born in africa who are naturalized citizens,I urge all of my fellow Americans to answer this question accurately,especially if you live in Atherton,Piedmont or Martha's Vineyard.I intend to be painstaking about following the rules when dealing with any form of government from now on,it should help make things real efficient,you betcha.
Mine did,taking the long route through europe.Until they change the definition of African American to mean those born in africa who are naturalized citizens,I urge all of my fellow Americans to answer this question accurately,especially if you live in Atherton,Piedmont or Martha's Vineyard.
I wish I had a census form to fill out, right now. That's awesome.
KK, his name is AMF Powerburst or "Power" for short. I just used kingly to describe his pic. The greatest dog I've ever known. I'm addicted to Greyhounds now. He is a retiree.
"Rehn said he would unveil new proposals next month, enshrining a new single currency regime of "rigorous surveillance of national budgets" and that Eurostat, the EU's statistical agency, would need to be given formidable new auditing powers over the books of eurozone member states..."
Oh no! Not Formidable! Auditing! Powers! Sounds like they're getting SERIOUS!
Snark off, I can't believe the Germans have signed up for this -- it will be electoral suicide for any politician with their fingerprints anywhere near this stuff. [German Finance Minister] Schäuble would be better off staying in the hospital, faking a coma, and letting the rest of the coalition take the fall.
Are they any more fiscally responsible than Greece?
The German people believe they have been -- holding down wage and benefits costs to rebalance their economy, taking a hit on retirement age, and financing most of the transfer payments of the EU.
(How they will react when they are asked to bail out more large German institutions like Deutsche Bank, the Landesbanks, KfW, etc, is another question.)
I just spent 20 minutes in absolute awe at the amount of energy people put into learning fictitious languages. While I couldn't find a vulcan/english translator ( Mr. Klingon has something helpful, but not a translator), I have restored my faith in geekdom's ability to expend great deals of energy on things that the rest of the world would not care to understand.
Vancouver update:
• bubble is still on, but it appears to be set up for popping for the second time during this year
• The Provincial and Federal Sales tax are going to be merged into one, and now home sales won't be completely exempt depending on the price (the new Harmonized Sales Tax is 12%), this comes into effect on June 1st
• The local RE report for Feb showed higher sales, but much higher listings, ergo inventory is high/growing
• I've noticed a few homes from last spring that still have not sold, are sitting vacant, at least one from last spring switched realtors and was professionally staged for showings.
• A lot of developers got started early, probably because of the HST date, there doesn't seem to be much in the pipeline after this batch is completed. Many are building homes with laneway houses
• Laneway housing. This is the big thing right now. Typically in Vancouver SFH lots go street-front yard-house-big backyard-alley. Basement suites are a staple of homes in Vancouver, but this laneway house concept fits somewhere between zoning for condos and zoning for SFHs. A bit higher density than a duplex, but with physical separation. Laneway houses are only approved in certain situations, where space allows. They must have separate utilities. I think they fill a nice niche in the housing spectrum.
• Could be used for extended family like in-laws, nieces/nephews going to university, rented, easy path to downsizing (owner moves into the laneway house, stay in the same neighbourhood, don't have to worry about timing the RE market, a lot of people have a strong trust that owning RE is the one safe investment / retirement plan) Laneway Housing :: Vancouver EcoDensity W.11th Lane House - Lanefab: Custom laneway houses and detached garden suites
I used to think I was a Star Wars and Tolkien geek...but I am just a rank amateur. Lord the time and energy...if only we could put them on hamster wheels tied into the power grid...
Then again in a Munich biergarten a young man mutters to himself about "the conspiracy"
German corporate bankruptcies have risen sharply
Großansicht des Bildes mit der Bildunterschrift: Corporate insolvency is on the rise in Germany German corporate bankruptcies jumped considerably last year, rising by more than 11 percent and marking the first annual increase since 2003. The volume of debt more than doubled.
Data released on Tuesday by the national statistics office showed that 32,687 companies became insolvent in 2009, as Germany suffered its worst recession in 60 years.
...
The insolvencies of these large corporations also affected the total volume of debt, which the statistics office said rose to around 85 billion euros ($116 billion) in 2009 from 33.5 billion euros one year earlier.
The rise in insolvencies last year marked the first time since 2003 that the number of filings was above the previous year's filings. In 2003, statistics recorded a high of 39,320 corporate insolvencies.
I used to think I was a Star Wars and Tolkien geek...but I am just a rank amateur. Lord the time and energy...if only we could put them on hamster wheels tied into the power grid...
They, and only they, can fix this and run this Euro thing correctly.
The dream German fix is roughly, let them run the Bundesbank, er, ECB, and anyone who wants to peg their currency or economy to the Deutschemark, er, the Euro is free to; but they control the presses.
Egos aside, that might not have been a worse system for Europe to have chosen.
So Rob is the sun pale lemon now? Seems to be a debate about appearance of the sun in the northern hemisphere. I've stared at the sun too much to tell.
It would be good for Germany. It would be good for Europe. Perhaps not so good for the English.
The discussions about a "European Monetary Fund" sound remarkably close to trying to bolt something like this onto the current freewheeling system.
Don't know why you think the British would be put out -- they're quite happy being outside of the Eurozone at this point -- imagine if they couldn't have devalued their currency relative to the Euro, and had to try to do the revaluations Latvia-style with wage-cuts. Ouch. "Sound as the Pound" is truer than ever, but with a different meaning -- now it means it's safe from EMU for a generation.
So Rob is the sun pale lemon now? Seems to be a debate about appearance of the sun in the northern hemisphere. I've stared at the sun too much to tell.
I never thought of it before but the EU is a lot like the Austrian-Hungarian Empire. A lot of differences gathered under an umbrella that is held together by some shaky hands.
I never thought of it before but the EU is a lot like the Austrian-Hungarian Empire. A lot of differences gathered under an umbrella that is held together by some shaky hands.
Liz, I'm beginning to think English isn't his first language. I'm and I think I'm still coherent...aren't I? I also don't understand anything he posts.
I never thought of it before but the EU is a lot like the Austrian-Hungarian Empire. A lot of differences gathered under an umbrella that is held together by some shaky hands.
Didn't the Austro-Hungarian Empire at least have a central government?
RD,
I never thought of it before but the EU is a lot like the Austrian-Hungarian Empire. A lot of differences gathered under an umbrella that is held together by some shaky hands.
Doesn't echo but it does rhyme.
I am often taken aback at both the historical parallels and the absence of observer's historical perspective. Th macro events are obvious. The EU cannot hold.
I was just typing out loud. I think my reasoning was if the Germans were to influence policy and the UK were to run into problems what would they ask for in return?
I've been networking with local govt budget wonks all over So Cal for the past few weeks. After several consecutive quarters of crappy revenues, they are finally on the bandwagon. It's superficial though. I don't think they get the big picture.
Well I don't know about you all - but I'm betting CR's troubled bank update shows Sheila didn't make much progress this week. And it started so promisingly.
I've been networking with local govt budget wonks all over So Cal for the past few weeks. After several consecutive quarters of crappy revenues, they are finally on the bandwagon. It's superficial though. I don't think they get the big picture.
Exactly. They had 8 quarters of "next quarter." Now it is 4 halves of next half. Worse than lacking a big picture. They are end loading a disaster.
I think my reasoning was if the Germans were to influence policy and the UK were to run into problems what would they ask for in return?
They're asking now -- they want the Brits to accept Continental-style regulation of their financial markets (levels the playing field between London, Paris, Frankfurt, etc.). But the British don't want to drive the businesses away, and can just devalue and cause Europain if Europe tries to twist their arms. So, they see all the advantages of their own currency -- won't give it up for a long long time.
Now, why France would let the Germans run things is a more interesting question -- if there's a deal being cut, that's where it is. The French economy is doing handily better than the German one (less export exposure) -- so what's in it for them? Perhaps SocGen and the French banks are more heavily into Greece than we know... and the Greek bailout is their price for a German-style EMF...
I read AA in one sitting. Obviously, a good read. Kind of disappointed I do that with books I get into. I tend to read them so fast I probably miss some detail/pleasure.
Not that I've ever taken such a course, but this would be a reason to never take a speed reading class. It might affect your enjoyment of future reading.
Sheila is off to a quick start this week.
Let the bodies hit the floor
YouTube - Drowning Pool - Bodies (Let The Bodies Hit The Floor)
Hmmm, at the home rain gauge, only 1.06 inches today.
Somehow it seems like more.
New York pizza is better.
Ask and you shall receive...let me try that again...another bank please!
Sheila couldn't find new homes for both of these, that's interesting.
This might be a long night. I don't care if I'm right or not with my call of 7.
35 would be just fine with me. Maybe America will wake up with some obscene number of failures. My God, what does it take to awaken the people to WTF is going on in this country?!?!?
brewcrew wrote:
How much these days? Do they deliver?
The first swindle in the land of Jindal.
NGBROI wrote:
Ummm, going to the store and finding they are totally out of
?
That would really suck.
These banks failing in the 1930's would have set off a chain reaction within the area where they were, and set off runs on every other banking institution regardless of their financial condition...
Today, we are more concerned about the number of failed banks being the same as our guess~
Deprive the population of beer, chocolate, and coffee....that would have been a good Pinky and the Brain episode.
Blackwaterwannabe wrote:
Blackwaterwannabe for
czar?
Your enlistment papers are waiting at the front desk.
Hey, check this out from Barry (Ritholtz, Dawg
)
The Big Picture » Blog Archive » Senator Kaufman: Reform That Will Prevent The Next Financial Crisis
Source doc:
Senator Ted Kaufman — Senator for Delaware: Newsroom - Floor Statement
Vonbek777 wrote:
They tried to run that scenario in the simulations, but the computers melted before they could see the outcome.
Cheyneyville dead yet?
From the last thread on TALF
I think the TALF wind-down will have a negligible impact at this point. In ABS, the vast majority of bonds that qualified for TALF financing were trading inside of levels where the financing was profitable.
In CMBS, TALF was still a good deal, but the volume going to TALF was dwindling. Financing is once again available from the dealers (like banks), so that helps dampen the effect of TALF going away. CMBS spreads have been grinding tighter steadily for the quarter, and this may stop the grind, but I doubt things head the other way.
YouTube - thank god it's friday - trailer - 1978
......That actually looks appetizing. Amazing the stuff you're willing to eat when you're hungry and dieting...LOL
So, where the bacon?
More zombie banks. . . more brainzzzzz.
Hey, how about a
icon?
They claim he's had all these heart attacks, but it must be similar to somebody with an amputated limb that feels a mock pain where the appendage used to be....
lawyerliz wrote:
On the burger:
If Liz gets a zombie, I want a flying saucer.
Somebody was talking about a Greek Bailout earlier. I think that's a great name for a mixed drink. "I'll have a Greek Bailout, puh-leeze." What, ouzo and cherry schnaps on the rocks with a slice of melon? Something.
Black Star Ranch wrote:
YouTube - Otterton Mill's Ed Chester Cooking Pigeon
with bacon
When is Sheila getting to CA? I imagine OneWest is ready for another.
What's wrong with guessing? It works for the government.
Bob Dobbs wrote:
A dirty ouzo martini in a bucket.
VonBek,say the wrong thing to your wife and you will get more than a flying saucer.
Double
They give you the drink, but it's 12% short of alcohol, and
you throw the glass at the parliament.
Black Star Ranch wrote:
I ate it when I was a kid because we used to hunt them, and the folks required that we eat what we shot or caught....it is pretty good if you can tolerate fried food.
Bob Dobbs wrote:
Yeah, next morning you wake up under a different flag craving French cuisine.
Thankfully, she hasn't been sharpening knives lately. At least not in my direction.
Pavel, you posted an icon.
I'm so proud.
You can't accuse Soylent of making them up ahead of time.
sm_landlord wrote:
"Ahem". Thank you, thank you fellow citizens. I am honored for your nomination and will move to expedite quality control for all breweries in and those shipped to our great land. There will be a nominal $1.00 quality surcharge on each 6 pack, but you are allowed to take that off your 2011 tax.
God Bless America.
"Louisiana makes an appearance ..."
This is not good. It is a harbinger of things to come. It may be as bad as some have imagined.
I'm not paying.
volker the viking wrote:
Graft and corruption in the Big Easy; never saw THAT coming.........
hahahahahahahaha
" Pavel, you posted an icon.
I'm so proud. "
Thanks, Liz. It makes me feel with it and up to date.
Somewhere in Lousiana, a befuddled Bill Murray look-alike confronts a pizza delivery driver.
"Where all all those pizzas going?"
"To the bank, of course! It's Friday... you know, BFF?"
"Friday is still just once a week, right?"
Today it feels prequelesque.
What a sideways day. Anybody else see tnhe moves on the 2yr this week?
Bob Dobbs wrote:
Nah, ever had Retsina?
No tell us.
Are we still waiting for a Puerto Rican bank ?
lawyerliz wrote:
For those {whom} might try to get out of paying this constitutional imposed quality control tax, we offer a free case for those who might wish to name names.Why should YOU pay more for THEIR quality beer?
And you even get a reward!
Nah, ever had Retsina?
It's not bad.
RE wrote:
LOL ... my head still hurts.
middle-class-money-angst: Personal Finance News from Yahoo! Finance
lawyerliz wrote:
That's how the trouble usually starts, some wiseacre says "Non serviam."
NGBROI wrote:
Does it matter any more? The system is broken and something else is emerging even as we speak. Reforms don't matter. More regulation doesn't matter. It's over. Time to look for what is coming.
Here's the result from my effort today to "awaken the people," specifically a small family sliding into poverty because of illness and injury:
She would rather die than give up that illusion.
who, not whom, unless that's
No, no Pavel...please stay timeless.
Cinco-X wrote:
Graft and corruption in the Big Easy; never saw THAT coming
Whatever your scam, in the Big Appall, somebody does it better...
LOL ... my head still hurts.
You're supposed to drink it but you don't hit yourself on the head with the empty bottle.
dryfly wrote:
Mine, too and the taste still lingers....
How about a name change to Flavor Enhancement Premium ?
Still not paying.
ResistanceIsFeudal wrote:
Glad to see yore spellin'' it rite now.............
No, no Pavel...please stay timeless.
It takes less and less time for the barber to cut my hair.
lawyerliz wrote:
we have lawyers...
Greek Bailout: 2oz of ouzo, 2oz peach schnapps (like the drink Greek Kiss), 6 cups bitter lemon, warm to room temperature, add four tablespoons goats milk, and a twist of lemon to curd the milk. Mix. Now sit in the direct sun and chug.
Cinco-X wrote:
-tip
Glad to see yore spellin'' it rite now.............
yeah,
pavel.chichikov wrote:
pavel, you are timeless icons or no - thanks for bringing the rest of us knuckledraggers along for the ride
Does that include the nose and ear hair ?
dryfly wrote:
Did you ever hear the joke about the American who drank too much Ouzo?
Everyone does but nobody remembers how it ends.
Now sit in the direct sun and chug.
It's a recipe for when you've drunk poison by mistake?
Read Rip Van Winkle to my kids the other night...two lost decades sleeping away...
Does that include the nose and ear hair ?
And the curly bits that stick out from the back of your shirt collar?
someone set up a betting system to gamble on when we will hit the Bank failure #100 benchmark.
I'm glad I'm a girl.
I seem to have no more leg hair.
Hurrah!
pavel, you are timeless icons or no
Energyecon, you all are my home folks. I mean it.
pavel.chichikov wrote:
That would have been the kind thing to do - before you drink too much. I don't know which leaves the worse hangovers - retsina or ouzo [raki or arrak similar]... my roommate was Turkish - we drank oceans of the stuff usually while cooking [Middle Eastern meals]. Got blindingly drunk some nights.
Retsina ice cubes in carbonated water is excellent
Happy BFF= three already!
Every Friday is BFF as we close the dead banks.
Three more years to go for a month without a BFF- anybody wanna bet?
Someday this war's gonna end...
lawyerliz wrote:
At what age do you become a "crone"?
Does that include the nose and ear hair ?
I do that myself with a special scissors from Germany. Ja!
I only tried retsina once.Slivovitz is better.
Citizen AllenM wrote:
I'll take that bet - not because they don't need to be closed but because Sheila runs out of money form time to time.
Don't you know it's impolite to ask... crones have been known to turn men into squirrels and fry them up for dinner.
Where's that bottle to hit Cinco over the head with?
in his imaginary direction.
I wave a
pavel strikes me a wusthof kinda guy
Stamos wrote:
someone set up a betting system to gamble on when we will hit the Bank failure #100 benchmark.
Only if we can sell and trade derivatives on it... an honest market is common as an honest politician
bitter lemon + goats' milk = feta. ecccch.
retsina or ouzo
Pernod is similar. Drank it once with a bunch of Icelanders, who happened to have some. Then they went to the cemetery and pee peed on the tombstones - supposedly to show their contempt for death.
lawyerliz wrote:
Huh! Innocent question
Slivovitz is better
I would agree.
wusthof kinda guy
?
I think they just had to go.
Pellice...
You must know some of the same people I do. Are you from/near Mississippi by any chance?
pavel.chichikov wrote:
And here I thought you were supposed to challenge Death to a game of 52 pickup and sneak out the back door.
burnside wrote:
MMMMMmmmm... one of my favorites. Was eating some today along w/ an olive medley. No raki though - that stuff is positively hallucinogenic.
And here I thought you were supposed to challenge Death to a game of 52 pickup and sneak out the back door.
The way those guys drink you'd be lucky to be able to walk.
pavel.chichikov wrote:
I love that stuff. I could drink it until I fall over.
Barley wrote:
I had quite a few drinking binges with Retsina in Greece in my younger years. I never got used to the taste but after a few glasses things started to flow. Greeks know how to party!
Haven't had any of that stuff for ages.
Had some hot saki for dinner.
Mmmm, raki. Lion's milk. In Kas, on the balcony, escaping northern winter in a February, guaranteed to fire up the evening.
C
dryfly
Feta's pretty wonderful. Just don't like watching it form in a cocktail. I'll take the Pernod, thanks.
I never got used to the taste
After a while you can't taste anything anyway.
wusthof kinda guy
they make the worlds best men's manicure stuff and rather expensive but lasts a lifetime
quick flip on google:
Wuesthof - Nagelpflegeetuis
Had some hot saki for dinner.
Very good with sushi.
Just don't like watching it form in a cocktail
+1
lol
That's the name of a local Brevard hospital.
pavel.chichikov wrote:
Pavel, that's what it took.
Vonbek777 wrote:
Damn straight, watch your :backside: cinco, or lliz will go all Atropos on your :donkey:
RE wrote:
LOL - they all do over there. Party & kill, party & kill... can't make up their mind which it's gonna be on any given day. My roommate when mad used to say [in a thick Turkish accent]... "Don't make me go 'Crazy Turk'..." Ummm - no we wouldn't want that - please settle down & have another drink.
Vonbek777 wrote:
YouTube - No beer no tv make homer go crazy
Has anyone seen Nova lately? I've been out of the loop. Charging up credit limits is hard work.
IT MUST BE JUST LIKE LIVING IN PARADISE! Van Halen is good for homeless person like me.
Speaking of too much retsina...
dryfly wrote:
Don't ever let a Greek and a Turk get into an argument if it is ...[homefield here]... coffee and especially not if things have been flowing.
Watching that FDIC site with the F5 is giving me detached retsinas...
C
Pavel, that's what it took.
RE, I really miss the dinners my friend's wife used to make for us. He was a Soviet television correspondent stationed in DC. Lots and lots to drink, but also plenty to eat, which is how it should be, and the pace of the eating and drinking is slow and measured. Lots of small courses of savory things. You end up feeling good and mellow, not stuffed to the gills and sickish.
LoserBeachBum wrote:
Yea baby, and a cold beer! Speaking of VH, as soon as I hit the Mega, I'm playing it.
Because I could be one of "those"..
pavel.chichikov wrote:
Pavel, I loved those dinners. We often started late (after 10pm) and ate, drank and talked into the early morning. It is a very different lifestyle. Much more reflective.
Unviables...bad persons...
counterpointer maybe Hoop can create a bot
:handsclapping: :handsclapping: very good anonymous very good!
Pavel, I love those dinners. We often started late (after 10pm) and ate, drank and talked into the early morning. It is a very different lifestyle. Much more reflective.
That's it, RE.
Unviables...much better. Stupid pavel...
Isn't it about time for Utah or Colorado to check in?
Venezuelan energy crisis hits workers' income - Daily News - EL UNIVERSAL
RE wrote:
Not just Greeks & Turks either... Armenians & Turks, Turks & Iranians, Turks & Arabs, Turks & Kurds, Kurds & Iranians, Kurds & Arabs... other direction... Greeks & Albanians, Bulgarians & Albanians, Albanians & Serbs... on and on. I had friends from many of those places - also North Africans [Tunisians, Algerians, Moroccan]... big Middle Eastern student body - it was nuts. Here they were 'forced' to get along - sort of - there prolly not so much.
Actually Montana calling?
One mystery solved: Apparently Valley National Bank, Wayne, New Jersey is not a big bank. They didn't have enough people to send one group to LibertyPointe Bank and to Park Avenue Bank in the same day. So the FDIC kindly closed them on succeeding days so that the same team could handle one bank on Thursday and then a different bank on Friday. I bet the commute between the two banks is a killer, especially Friday afternoon.
Poka...
Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months.
States may hold onto tax refunds for months - USATODAY.com
Note to self if I owe the IRS, I have the same right to withhold payment
energyecon wrote:
That's defaultionary, right?
ouzo over goldschlager with cherry brandy ontop
naturlich
Rajesh. No we rely on Piper two engines, silly. So get me, silly! And all the terminators out there...Z4-D3...TANGO!
cinco-x you mean as in"unexpectedly"
Shrimp banks and Shrimp Pizza?
sorry about toyota shit but it is NECESSARY---D23-U+32...FULL...ANYWAY, I LOVE YO-+32 TWO.
gabyjan wrote:
Ya'; Thanks! Nice catch
energyecon wrote:
Something like that can't happen in the United States.
KILL TANGO! KILL TANGO! Z312-A4
Red shirts fill streets as protests begin - ABC News (Australian Broadcasting Corporation)
Please Thai not to panic
edit: these are Thaksin Shinawatra supporters, the deposed PM who's been living in exile, billionaire owner of cell phone company, there is a North - South Buddhist-Muslim divide,
we are being invaded!?
Mexican military copter over U.S. neighborhood
BROWNSVILLE — The Zapata County sheriff Thursday was questioning why a Mexican military helicopter was hovering over homes on the Texas side of the Rio Grande.
Good car, good car....
Now this may take you minds off of BFF for a minute:
The woman arrived in the African country last winter. Six months later, she found a small white tumor on her shoulder. The tumor was 3-4 centimeters in diameter. The tumor disappeared in two days, but later reappeared on the woman’s head. Afterwards, the tumor was moving from one spot on the woman’s body to another for several months.
The woman eventually stopped paying attention to it until she felt sharp pain in her right eye. She looked in the mirror and was shocked to see a white worm crawling from one corner of her eye to the other. The helmint disappeared, but the woman found it the next day, underneath her lower eyelid.
The tourist decided to return to Russia to undergo medical treatment in Moscow. The woman caught the tropical disease known as loiasis. The moving tumor, which the woman had on her body, is known as the Calabar swelling: it is a typical symptom of loiasis.
Loiasis is a parasitic disease caused by a certain type of helmint known as Loa loa. The disease transmits through the bite of deer fly or mango fly. Incidents when worms penetrate into the brain or the spinal cord may lead to lamentable consequences. An infected individual may develop a severe form of encephalitis.
The geographical distribution of human loiasis is restricted to the rain forest and swamp forest areas of West Africa, being especially common in Cameroon and on the Ogowe River. Humans are the only known natural reservoir. It is estimated that 12-13 million humans are infected with the Loa loa larvae.
EvilHenryPaulson wrote:
Too late.
Some music:
I.G.Y. Donald Fagen
LoserBeachBum wrote:
I'm on your team, LBB. I bet if we shave our heads, we probably look alike
"BROWNSVILLE — The Zapata County sheriff Thursday was questioning why a Mexican military helicopter was hovering over homes on the Texas side of the Rio Grande."
Apache just wanna go home...
Okay fellow geniuses, I have a very interesting question I have been unable to find an answer online:
What was the 50 State Quarters Greetings from America Portfolio final sales?
I am interested to find out as it is something I have a complete set of both types.
But the US Mint website is particularly worthless- which I find problematic since they are supposed to be more customer friendly.
Someday this war's gonna end...
ghostfaceinvestah wrote:
Dry run for martial law.............

Did anyone see this on MSN?
WASHINGTON, March 12 (Xinhua) -- U.S. investigators said on Friday that they are looking into the case of a suspected terrorist arrested in Yemen, as evidence suggests the man had worked at several nuclear plants in the United States.
The suspect, Sharif Mobley, is a U.S. citizen, and was nabbed in an anti-terror sweep this month, said the Yemeni authorities. He was suspected of ties to the al-Qaeda terror network.
U.S. Nuclear Regulatory Commission confirmed on Friday to media that Mobley worked between 2002 and 2008 for contractors hired by five nuclear plants in Maryland, New Jersey and Pennsylvania. He worked as a laborer and mostly did maintenance work.
Local media cited unnamed U.S. officials as saying that investigators are looking at whether Mobley had access to sensitive material or information.
Mobley, 26, is of Somali origin, and was born in Buena, New Jersey. After his arrest by the Yemeni authorities, he complained of being ill, and was taken to a hospital in Sanaa over the weekend, where he grabbed a gun from the guards, and a shootout ensued. He was later recaptured. A guard was shot dead, and another injured
"I'm on your team, LBB. I bet if we shave our heads, we probably look alike"
You mean like real, I am just calibrating this shit, man.
Mexican military copter over U.S. neighborhood
Did it dump pesos?
Not nearly as bad as the Guinea Worm:
There is no vaccine or medicine to treat or prevent Guinea worm disease. Once a Guinea worm emerges a person must wrap the live worm around a piece of gauze or a stick to extract it from the body. This long, painful process can take up to a month.[5] This is the same treatment that is noted in the famous ancient Egyptian medical text, the Ebers papyrus from 1550 B.C.[4] Some people have said that extracting a Guinea worm feels like the afflicted area is on fire.[9][10]
Although Guinea worm disease is usually not fatal, the wound where the worm emerges could develop a secondary bacterial infection such as tetanus, which may be life-threatening—a concern in endemic areas where there is typically limited or no access to health care.[11] Analgesics can be used to help reduce swelling and pain and antibiotic ointments can help prevent secondary infections at the wound site.[6]
Dracunculiasis - Wikipedia, the free encyclopedia
Sweet dreams.
LoserBeachBum wrote:
I'm just goofin', but I am >50% German.
" Mexican military copter over U.S. neighborhood.Did it dump pesos?
Never know about those runaway toyotas...evil spirits...bad mojo, evil dogs...no good...gonna get you!
YouTube - G3 Going Down
EvilHenryPaulson wrote:
I never understood how the political upheaval was consistent with Buddhist traditions.
I don't think the Muslims from the South are involved with these skirmishes.
dryfly wrote:
Old feuds die a very, very long death in places with a long history. History is often preserved to retain a people's identity. However, that process also keeps feuds alive and well. It is often used by unscrupulous politicians for their own ends. In the U.S. we can observe a derivative of these feuds in battles of ideology. Because they aren't about life and death they are not quite as animated but not really more mature.
you're welcome cinco-x
sm_landlord wrote:
"I'm just goofin', but I am >50% German.
According to the Field Manual, you are borderline German. You make a good rocket? Unless no, you are unfortunately dead meat...unless chapter 7c) German Jews making a rocket...than it is ok.
Getting bored waiting for another failure so I thought I'd try something CR-17 new and see if it worked.
major, major
here.
charles hugh smith-Bells Will Ring At The Bottom in Stocks and Housing
"Here's something else that's currently considered "impossible" which seems highly probable to me, just based on history and human psychology: that stocks will trade at price-earnings ratios of 4 to 6, that dividends will exceed 10% because interest rates exceed 10%, and that houses will routinely sell for 10% or 20% of their bubble highs even in desirable areas. Houses in undesirable areas will have zero value except for scrap, and unfortunately most McMansions have little useable lumber or other materials, being largely constructed of wood chips, defective drywall, plastic piping, fake rock or brick, etc.
Stocks which sold for $40 a share today will trade for $1 or $2. Volume will be light because people will have given up playing the crooked shysters' Wall Street games. The Dow Jones Industrial Average will trade around 1,000 (down from 10,600 today) and after years and years of shouting and screaming and hype about "the bargain of a lifetime" and "this is bottom, the market willl never go lower than 6,700 ever again in the entire history of humankind," etc. etc. etc., people will have finally relinquished their core belief in the fairness, goodness and wonderfulness of stocks and housing as surefire pathways to wealth. "
the religious divides also overlap with the urban/rural divides, and income divides, and education divides...
I wouldn't have mentioned the religious angle, but it comes up often enough in political conflicts in SE Asia
don't listen to me too much, this is just off the top of my head, I think the main thing at the time of the coup was the rural people felt neglected, there were allegations of corruption (and a minor bit of demonstrated corruption, something to do with a contract and his daughter/wife), and it was generally accepted that he presided over a relatively good economy which has deteriorated since he's been out of office [note I'm not ascribing cause:effect]
Germany vs. Greece...hmm..maybe Monty Python was telling us something...
Philosopher Football
Sweet dreams.
Thanks for that Slippery. ugg to have a guinea worm
EvilHenryPaulson wrote:
All that is true and the Buddhists seem to fear allowing Muslims to increase their power in the country.
What I've watched going on with Thaksin, pro and con, over the years seems to be internal among Buddhists.
I can't remember who it was right now...but I remember reading about an archeologist in Egypt I think... bug burrowed into his ear. They couldn't get it out. It eventually ate its way out the side. Painful, lost his mind from the pain for awhile.
one more and i win. wait. zero more and i win. i forgot about last night...
sporkfed wrote:
Only for the past 18 months.
If you have Greek bailout you have to eat the guinea worm
EvilHenryPaulson wrote:
There's an urban agrarian divide as well. Thaksin maintained his agrarian voter base very well and does so to this day. He and his cronies profited handsomely. Different set of cronies in power now. Has a familiar ring.
noob goldberg wrote:
Sheila keeps hoping a hurricane will do the dirty work for her.
Ugh. Can't stand this dead zone before 5pm PST.
C
Vonbek777 wrote:
Sounds like the Star Trek epidsode of The Wrath of Khan. Maybe we should capture some of them and plant them all over DC?
burnside wrote:
Human, All Too Human.
All this talk about worms, reminded me of one my dad used to read me...
The Ballad Of The Ice-Worm Cocktail
dryfly wrote:
I've given that woman two winters waiting for her to swallow that giant pig; I'd be very upset if she was able to abdicate her responsibility because of a little windstorm.
The thing about banks in this day and age is that the electrons are indestructible, as long as they're backed up in the right place. She could technically take over the bank during a hurricane.
EDIT: Oops, time to be parental and put the kids to bed. Sorry to dump and run.
I just did a search...apparently it was John Hanning Speke and it was a beetle. There is a debate on the truth of the claim though.
A few who are contemplating the rough job of entrepreneur might be interested in this post by Ben Horowitz at Marc Andreessen's blog:
At our new venture fund, we’ve been spending time looking into new ways that will make the lives of entrepreneurs seeking funding easier. To that end, we've linked up with Ted Wang who has been working on an open source legal project called the Series Seed documents. We’re impressed with his work and are going to use these standard funding documents as part of our seed stage investments wherever appropriate. ...
Greeks & Albanians
As I've mentioned before, my mother is 100% Greek. My m-i-l is 100% Albanian. I have a teen with a grumpy streak. I know it's the Greek & Albanian genes warring within.
Interesting. Is this inflationary?
Here's a link: blog.pmarca.com: Angels vs. Venture Capitalists
Yes, I voted 5, but have you noticed the FDIC loss-ratios are much smaller than 6 months ago?
There were a bunch in the 40% range back then and now they're typically 15%-30%. Maybe its a case of triage and the sickest ones were dealt with first. If that's the case, we might have to face up to it not being as bad as we hoped.
capture some of them and plant them all over DC?
Please don't.
kcoop wrote:
Ken, not so much...
Sorry for not including the blog address.
nova wrote:
OK. We will spare your neck of the woods cowboy.
Good to 'see' you again.
picosec,
Good. I don't really want sit by the campfire telling stories about back in the day when we had electricity anytime we wanted it.
blackwater...
Sent you an email. Hows life? Seen any greenchutes there in the "real" VA?
Just got in from work, did I miss anything?
I saw RockyR and Scotto were discussing our airport boondoggle here in Panama City after I left this morning. My husband is working on that job site and it is a mess. They are way behind schedule and it is still flooding with heavy rain. One day they went in to work on one of the buildings and there was several inches of flood water in the building. The guy they hired (Phoenix Construction owned by James Finch) is notorious for screwing jobs up. He is the one they are trying to fine for the water problems as they didn't put enough sod down. They built the damn thing in a wetlands ( a freaking swamp). No amount of sod will fix that. St. Joe corporation had swamp land they needed to dump so we the dumbasses are funding that for them. They put it to a vote here years ago and it was voted down by the people so they just went ahead and did it anyway. Personally I don't care one way or another, at least my husband has a job for the time being working out there.
Our past, present and future in a nutshell.
No, Kristina. I just hate myself equally like last time and we still like to see you naked 12.3 years ago
nova wrote:
Couldnt be better, even if I won the lottery.Well maybe not that great. Greenshoots? What are they? Some sort of hybrid Monsanto corn that is suppose to be good for you? How's life up there in never never land?
blackwater...
You mean at the center of the known universe? Same as it was in 05. Well, a few cracks and the paint is fading here and there....Doom rode its pale horse south as best as I can tell
"Couldnt be better, even if I won the lottery.Well maybe not that great. Greenshoots? What are they? Some sort of hybrid Monsanto corn that is suppose to be good for you? How's life up there in never never land?"
Hey kid, get back in the line. Mosanto...shit..that is just LAME. Really friggin LAME. Next you cry for ice cube of greenland?
Three plus one? Is that it Sheila?
Blackwater...
So we still going take a charter out fishing and go Somalian as planned?
Reading some Yahoo News stories (but not the comments):
Texas ed board vote reflects far-right influences - Yahoo! News
712 Comments
Dems weigh transitional Medicare expansion - Yahoo! News
13,454 Comments
Do you think some people actually would read over 13,000 comments?
Edit: wait a minute, that second story is supposedly only 51 minutes old and has the title:
"Health bill's prospects abruptly improve; Obama delays trip"
I guess Yahoo didn't update the text in the URL . . . or else it's just the same story from August 2009.
Still Digging
We are not saving at all yet as a nation. The sad truth is that we continue to add to our level of debt, albeit at a slower pace. Of course, every dollar of debt is a promise to tax that same dollar sometime in the future. So Public debt is no better than private debt. And therefore, our over-leveraged condition has not even begun to heal.
Do you think some people actually would read over 13,000 comments?
Well, loserbeachtuna's brother probably typed 3,234 of them
FDIC is selling a lot of structured notes. Perhaps they are trying to build up their piggy bank (named "DIF") so they can buy a
named Zions or Regions or Westernbank.
yea! dinner!
nova wrote:
Fortunately, we don't get that much repetition here, and the comments are generally readable.
Rajesh wrote:
Maybe those forward premiums they are charging member banks isn't coming in as fast as they thought it would.
nova wrote:
Breaded Dover sole. French cut green beans. Fingerling potatoes. 5 minutes.
nova wrote:
You bet...but why so far? There's banks around here...
Well, knowing the Asian mentally...they will hunt the last whale and then some.
Oh, no, the amoral scumbags used to be just the bankers; now it's the cab drivers, too:
NYC: Taxi drivers overcharged riders by $8.3M-plus - Yahoo! News
I'm having
for dinner!
Maybe the forward premiums are a version of a stress test. Pay the premium or get closed.
And at those bank closings, they order Sicilian pizza.
Any friggin western "batman" ship, that is an insult and next time they got guns and more. You go there charging and waving flags, well they will wave even bigger flags.
picosec wrote:
Papa' John's! W/
!
picosec wrote:
Oooooo... that'd send a message.
dryfly wrote:
a good message.
That is the problem with westerners, they go to humiliate the Asians and that is like fucking your wife in public. Citizen arrest in a Japanese ship...how fucking MORE clueless Greenpeace could be...
Papa John's is my favorite "chain pizza". I get their "Works" with extra cheese and extra garlic butter...YUM.
Yum! Excellent with hot peppers too!
LoserBeachBum wrote:
You have a way with words LBB. Have you considered graduate school?
Their pepperocinis are pretty hot. I'm kinda spoiled on hot though. I accidentally grew a Habanero plant last year and now I'm addicted to them. I put them in everything. I didn't used to even like hot food. Now I keep a tub of Habanero Lime Butter in the fridge at all times. I drop a dollop on fish, chicken, steak, pork and hubby even puts it on his baked potatoes. I'm growing more this year.
Comrade Kristina wrote:
PJ comes in second for me. Donnato's is bay far the best.
No too smart for grad school...he needs to go directly to PhD research...perhaps Antarctica...looking for the all black penguin.
Comrade Kristina wrote:
Talk about a straightforward trigger to an almost instantaneous endorphin rush... Great for chili!
I accidentally grew a Habanero plant last year and now I'm addicted to them. I put them in everything.
Habanero is fantastic
"You have a way with words LBB. Have you considered graduate school? "
Just saying I was once and still are a westerner but I am beginning to understand the Asian mentality...and that kind of shit is like "fucking your next wife". You go and wave a flag, better prepare for war. Especially Brits and Aussies are idiots, when it comes to Asians. So no wonder Asians are attacking back, even when they are wrong...
Here are some pics from my garden as well as the State Park here. Feel free to peruse my bucket. It is all public.
garden pictures by kristina40_bucket - Photobucket
Greece debt: EU agrees bailout deal |
World news |
guardian.co.uk
LoserBeachBum wrote:
It feels like I'm missing every second post of yours or something, because nothing you are saying makes even an iota of sense.
I can handle
, I can handle
, I can even handle
, but I guess I'm stymied with the surreal.
Here are my general photos.
Pictures by kristina40_bucket - Photobucket
noob goldberg wrote:
maybe the guy is just drunk.
Comrade Kristina wrote:
That quite an open minded husband you have...
Daily Kos: State of the Nation.
Of course the
DKOS people are hating this
Why Obama is Disappointing Us, and What We Can Do About It.
How you stop the whale hunting...well, you strike BEHIND the curtains and say no more Toyotas in America or something like that. But it must come from the Honky Rambo Mr. One, Like Obama. You never ever go public unless you want to win a war...
RockyR wrote:
Maybe he's on antifreeze, glue or gasoline. Or all three.
Kingly looks like a great dog.
Noob,
? Not pretty.
Drunk
The Anatomy of American Governance.
Sheldon Wolin's ( see link below ) overarching thesis is that America's national political order has evolved into what he calls an inverted totalitarianism. Unlike the top-down dictatorships of a Stalin or a Hitler, America's form of "totalism" is rooted in an interdependent "copartnership" of corporation and state that, like any individual corporation, is hierarchically structured and headed by a strong executive (the President). Both the corporate and state components of this amalgamated enterprise are managed by policy-makers and administrators who, in many cases, are the product of privileged backgrounds, a system of elite university training, and professional connections that Wolin describes as "self-validating" and "self-perpetuating."
DM4's diary :: ::
Wolin identifies this managerial class as "the elites." They are the proverbial Best and Brightest who shape the decisions and oversee the operations of America's defining institutions: among them, the federal government, business corporations, financial institutions, the mass media, the major political parties, corporate law firms, think tanks, religious organizations, and the various commercial channels of American popular culture.
It can be inferred from Wolin's text that the elites represent two special challenges for American democracy. The first is that, because they gain their experience and understanding of life in privileged circumstances and in conjunction with power and influence, they tend to carry out their responsibilities with little or no regard for the concerns and needs of ordinary Americans. Instead, their focus ¾ sharpened by the potential for great monetary reward and/or personal prestige ¾ is fixed on the goals of maximizing the profits and/or influence of their organization, and, in the case of business corporations, of strengthening the power of the state to help them consolidate and expand global markets.
The second challenge presented by the elites is that, although they run pretty much the entire show of American economic and military power, they are largely insulated from popular influence. One reason for this is the barriers imposed by what Wolin describes as "managed democracy" ¾ an arrangement, to be more fully explained in the following section ¾ in which democracy is systematized in a way that effectively suppresses citizen participation. Another reason the elites are insulated, in Wolin's view, is that the American public as a whole has little or no awareness of itself as a political counterforce; it appears, instead, to be either oblivious of, or apathetic toward, the distancing of government policy from its own needs and concerns. We can guess that at least one reason for this is the common popular belief that, despite recurrent historical evidence to the contrary, the complex decision-making required in national governance is best left exclusively to those who have demonstrated their superior capacity by dint of advanced degrees from elite universities. A major point in Wolin's book is that this perspective must be reversed. In order to reorient government to a concern for the common good, he believes, ordinary people must organize themselves as a conscious counter-elite that makes its own voice heard.
Wolin, S.S.: Democracy Incorporated: Managed Democracy and the Specter of Inverted Totalitarianism.
Well, Australian prime minister has a clue but how things are going, there will be all out Japanese full attack carrier group, "supporting" the whale friggin fish ships, near Australia next time. Because it is all about honor this time....
OT,I will be marking "African-American" on my census questionnaire since it is defined as someone whose ancestors came from africa.Mine did,taking the long route through europe.Until they change the definition of African American to mean those born in africa who are naturalized citizens,I urge all of my fellow Americans to answer this question accurately,especially if you live in Atherton,Piedmont or Martha's Vineyard.I intend to be painstaking about following the rules when dealing with any form of government from now on,it should help make things real efficient,you betcha.
Tom,
I was a Cherokee. This time I maybe Latvish
Still 59 users and 265 guest on the board, and it's T-4 minutes to the left coast.
Tom Stone wrote:
I wish I had a census form to fill out, right now. That's awesome.
Alas, I have to wait another year for my chance.
KK, his name is AMF Powerburst or "Power" for short. I just used kingly to describe his pic. The greatest dog I've ever known. I'm addicted to Greyhounds now. He is a retiree.
nova wrote:
I will write in Vulcan.
Tom Stone wrote:
We are all sub-sarahan african prime now.
Re: Greek bailout deal: from the article:
Oh no! Not Formidable! Auditing! Powers! Sounds like they're getting SERIOUS!
Snark off, I can't believe the Germans have signed up for this -- it will be electoral suicide for any politician with their fingerprints anywhere near this stuff. [German Finance Minister] Schäuble would be better off staying in the hospital, faking a coma, and letting the rest of the coalition take the fall.
Music
Counting Crows-Mrs. Potters Lullaby
I thought we were all from Mars and Venus...
are there any intellects on CR that still know how to engage in constructive debate like on Wolin, S.S.: Democracy Incorporated: Managed Democracy and the Specter of Inverted Totalitarianism. or do you just just like to jack off
DCRogers wrote:
Are they any more fiscally responsible than Greece? Who writes the swaps that hide German banker debt?
YouTube - I write the songs - Barry Manilow
Yup,and you can show folk's how inclusive the republican party has become.
km4 wrote:
Do I win a
with that?
Rob Dawg wrote:
Is there a Pangean box I can check?
km4 wrote:
Beginning to believe that is an oxymoron.
Gotta write it in DryFly.
Maybe the Germans can sell their voters that this is their time again. They, and only they, can fix this and run this Euro thing correctly.
Blackhalo wrote:
The German people believe they have been -- holding down wage and benefits costs to rebalance their economy, taking a hit on retirement age, and financing most of the transfer payments of the EU.
(How they will react when they are asked to bail out more large German institutions like Deutsche Bank, the Landesbanks, KfW, etc, is another question.)
sm_landlord wrote:
I just spent 20 minutes in absolute awe at the amount of energy people put into learning fictitious languages. While I couldn't find a vulcan/english translator ( Mr. Klingon has something helpful, but not a translator), I have restored my faith in geekdom's ability to expend great deals of energy on things that the rest of the world would not care to understand.
Tom Stone wrote:
Family name Sinclair? Gotta love me!
Vancouver update:
• bubble is still on, but it appears to be set up for popping for the second time during this year
• The Provincial and Federal Sales tax are going to be merged into one, and now home sales won't be completely exempt depending on the price (the new Harmonized Sales Tax is 12%), this comes into effect on June 1st
• The local RE report for Feb showed higher sales, but much higher listings, ergo inventory is high/growing
• I've noticed a few homes from last spring that still have not sold, are sitting vacant, at least one from last spring switched realtors and was professionally staged for showings.
• A lot of developers got started early, probably because of the HST date, there doesn't seem to be much in the pipeline after this batch is completed. Many are building homes with laneway houses
• Laneway housing. This is the big thing right now. Typically in Vancouver SFH lots go street-front yard-house-big backyard-alley. Basement suites are a staple of homes in Vancouver, but this laneway house concept fits somewhere between zoning for condos and zoning for SFHs. A bit higher density than a duplex, but with physical separation. Laneway houses are only approved in certain situations, where space allows. They must have separate utilities. I think they fill a nice niche in the housing spectrum.
• Could be used for extended family like in-laws, nieces/nephews going to university, rented, easy path to downsizing (owner moves into the laneway house, stay in the same neighbourhood, don't have to worry about timing the RE market, a lot of people have a strong trust that owning RE is the one safe investment / retirement plan)
Laneway Housing :: Vancouver EcoDensity
W.11th Lane House - Lanefab: Custom laneway houses and detached garden suites
nova wrote:
This should end well.
I used to think I was a Star Wars and Tolkien geek...but I am just a rank amateur. Lord the time and energy...if only we could put them on hamster wheels tied into the power grid...
Then again in a Munich biergarten a young man mutters to himself about "the conspiracy"
German corporate bankruptcies have risen sharply
Großansicht des Bildes mit der Bildunterschrift: Corporate insolvency is on the rise in Germany German corporate bankruptcies jumped considerably last year, rising by more than 11 percent and marking the first annual increase since 2003. The volume of debt more than doubled.
Data released on Tuesday by the national statistics office showed that 32,687 companies became insolvent in 2009, as Germany suffered its worst recession in 60 years.
...
The insolvencies of these large corporations also affected the total volume of debt, which the statistics office said rose to around 85 billion euros ($116 billion) in 2009 from 33.5 billion euros one year earlier.
The rise in insolvencies last year marked the first time since 2003 that the number of filings was above the previous year's filings. In 2003, statistics recorded a high of 39,320 corporate insolvencies.
Vonbek777 wrote:
Dr. Who. All that was old is new again.
nova wrote:
The dream German fix is roughly, let them run the Bundesbank, er, ECB, and anyone who wants to peg their currency or economy to the Deutschemark, er, the Euro is free to; but they control the presses.
Egos aside, that might not have been a worse system for Europe to have chosen.
DCRogers,
It would be good for Germany. It would be good for Europe. Perhaps not so good for the English.
So Rob is the sun pale lemon now? Seems to be a debate about appearance of the sun in the northern hemisphere. I've stared at the sun too much to tell.
nova wrote:
Who killed the Archduke? I mean the Greek currency? Not that history will make distinction.
Beach Bum drunk and/or
ed?
EvilHenryPaulson wrote:
Pre-fab 2-bedroom apartment modules. If they were stackable....
Tiny rooms though, and no storage unless you give up on putting a car in the garage.
I have it on good authority that Moriarty killed the archduke. Secret Baconian Master assassin.
nova wrote:
The discussions about a "European Monetary Fund" sound remarkably close to trying to bolt something like this onto the current freewheeling system.
Don't know why you think the British would be put out -- they're quite happy being outside of the Eurozone at this point -- imagine if they couldn't have devalued their currency relative to the Euro, and had to try to do the revaluations Latvia-style with wage-cuts. Ouch. "Sound as the Pound" is truer than ever, but with a different meaning -- now it means it's safe from EMU for a generation.
Vonbek777 wrote:
The 7% solution.
So Rob is the sun pale lemon now? Seems to be a debate about appearance of the sun in the northern hemisphere. I've stared at the sun too much to tell.
The sun is going through changes.
RD,
I never thought of it before but the EU is a lot like the Austrian-Hungarian Empire. A lot of differences gathered under an umbrella that is held together by some shaky hands.
Rob, that was good. And on that note, gators, later. Have fun!
I never thought of it before but the EU is a lot like the Austrian-Hungarian Empire. A lot of differences gathered under an umbrella that is held together by some shaky hands.
Not at all as bellicose, or as desperate.
Liz, I'm beginning to think English isn't his first language. I'm
and I think I'm still coherent...aren't I? I also don't understand anything he posts.
In the basement? With the candlestick?
nova wrote:
You have no idea how much I want to read volume 2 of AA.
nova wrote:
Didn't the Austro-Hungarian Empire at least have a central government?
nova wrote:
Doesn't echo but it does rhyme.
I am often taken aback at both the historical parallels and the absence of observer's historical perspective. Th macro events are obvious. The EU cannot hold.
DCRogers,
I was just typing out loud. I think my reasoning was if the Germans were to influence policy and the UK were to run into problems what would they ask for in return?
noob, AAII went to an editor yesterday. I think it is a lot better than AA I
Awesome nova! I still have to get the first one though. I'm a big summer reader so I'll order it to read this summer.
Yup, you are. He has been coherent, if unpleasant in the past.
CK,
Drop me a line. I will send you a copy.
I've been networking with local govt budget wonks all over So Cal for the past few weeks. After several consecutive quarters of crappy revenues, they are finally on the
bandwagon. It's superficial
though. I don't think they get the big picture.
nova wrote:
I am eager.
AA1 is available on kindle.And congrats NoVa,I hope you have a good editor,that second eye is important.
Well I don't know about you all - but I'm betting CR's troubled bank update shows Sheila didn't make much progress this week. And it started so promisingly.
Tom,
So do I. Because, I really need the help.
Superficial
is more insightful, than no
at all.
Feckless Ness wrote:
Exactly. They had 8 quarters of "next quarter." Now it is 4 halves of next half. Worse than lacking a big picture. They are end loading a disaster.
nova wrote:
They're asking now -- they want the Brits to accept Continental-style regulation of their financial markets (levels the playing field between London, Paris, Frankfurt, etc.). But the British don't want to drive the businesses away, and can just devalue and cause Europain if Europe tries to twist their arms. So, they see all the advantages of their own currency -- won't give it up for a long long time.
Now, why France would let the Germans run things is a more interesting question -- if there's a deal being cut, that's where it is. The French economy is doing handily better than the German one (less export exposure) -- so what's in it for them? Perhaps SocGen and the French banks are more heavily into Greece than we know... and the Greek bailout is their price for a German-style EMF...
I read AA in one sitting. Obviously, a good read. Kind of disappointed I do that with books I get into. I tend to read them so fast I probably miss some detail/pleasure.
Not that I've ever taken such a course, but this would be a reason to never take a speed reading class. It might affect your enjoyment of future reading.