On Saturday morning, Aug. 14, 2010, at Baltimore, MD’s Inner Harbor, I interviewed two Human Rights activists, Brigitte Gynther and Oscar Otzoy. They are members of the “Coalition of Immokalee Workers,” (CIW). It is sponsoring a mobile “Florida Modern-Day Slavery Museum,” which has recently been touring the northeast part of the country. See for details: http://www.ciw-online.org/ Their group has assisted federal officials “in prosecuting six cases of modern-day slavery in Florida.” As (…)
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Video, Charge: “Modern-Day Slavery in the State of Florida!”
14 August 2010 par (Open-Publishing)
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Is a Crash Coming? Ten Reasons to Be Cautious
14 August 2010 par (Open-Publishing)
Is a Crash Coming? Ten Reasons to Be Cautious
By BRETT ARENDS
Could Wall Street be about to crash again?
This week’s bone-rattlers may be making you wonder.
I don’t make predictions. That’s a sucker’s game. And I’m certainly not doing so now.
But way too many people are way too complacent this summer. Here are 10 reasons to watch out.
1. The market is already expensive. Stocks are about 20 times cyclically-adjusted earnings, according to data compiled by Yale University economics (…) -
VIDEO: THE BIG INTERVIEW WITH DAVID ROSENBERG
14 August 2010 par (Open-Publishing)
VIDEO: THE BIG INTERVIEW WITH DAVID ROSENBERG
13 AUGUST 2010 BY TPC
This week’s Big Interview from the WSJ was with David Rosenberg. Mr. Rosenberg is very bearish still and believes the recession never really ended. He says the economy could begin officially contracting as soon as Q4. His forecast is not very rosy so if you’re looking for a good weekend you might want to move along:
http://pragcap.com/the-big-interview-with-david-rosenberg -
"We Are Now Paying For The Funeral Of Keynesian Theory"
14 August 2010 par (Open-Publishing)
"We Are Now Paying For The Funeral Of Keynesian Theory"
Fooled by Stimulus, by Eric Sprott and David Franklin
Despite our firm’s history of investing primarily in equities, we’ve spent much of this past year writing about the government debt market. We’ve chosen to focus on government debt because we fear its impact on the equity markets as a whole. Government debt is an intrinsically important part of the financial landscape. It is the bellwether by which we measure risk, and we believe (…) -
Florida – Much Worse Problems Than the Oil Spill
14 August 2010 par (Open-Publishing)
Florida – Much Worse Problems Than the Oil Spill
by Doug Hornig of The Casey Report
Media coverage of the oil spill’s effect on the Gulf focusing on tourist income lost by the waterfront towns – with footage of empty beaches, restaurants and T-shirt shops – dominates the news. Interviews with devastated business owners are heart rending. But they always end with references to somehow hanging on until “things get back to normal.”
Trouble is, things are not going to “normalize.” Not for (…) -
U.S.: DEMOCRACY protected by the CIA
12 August 2010 par (Open-Publishing)
The Central Intelligence Agency (CIA, Central Intelligence Agency) was created in 1947 by Henry Truman, replacing the Office of Strategic Services (OSS) to search without warrant, administrative records and initial fiscales.La philosophy of the organization was give the President a second view made by civilians against the military provided by the National Security Agency (NSA) and was code-named "Campus"., by carrying most of the initial pictures of Uiversidad Yale, (including data storage (…)
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America Goes Dark
12 August 2010 par (Open-Publishing)
America Goes Dark
By PAUL KRUGMAN Published: August 8, 2010
The lights are going out all over America — literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Philadelphia to Fresno.
Meanwhile, a country that once amazed the world with its visionary investments in transportation, from the Erie Canal to the Interstate Highway (…) -
U.S. Is Bankrupt and We Don’t Even Know It
11 August 2010 par (Open-Publishing)
U.S. Is Bankrupt and We Don’t Even Know It: Laurence Kotlikoff
By Laurence Kotlikoff - Aug 11, 2010
Aug. 11 (Bloomberg) — Laurence Kotlikoff, an economics professor at Boston University, talks about the state of the U.S. economy. Kotlikoff speaks with Erik Schatzker on Bloomberg Television’s InsideTrack." (Source: Bloomberg)
Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.
What it can and must do is radically simplify (…) -
Stagnating economic crisis in the U.S..
11 August 2010 par (Open-Publishing)
The euphoria of Wall Street (and by extrapolation from the rest of world stock) following the results of so-called "stress test" of financial institutions conducted by the U.S. administration and the drip of negative economic data below the most pessimistic forecasts would have helped the overweight green shoots of the economy (estimated 3% of GDP by 2010 and substantial improvement in results of the Banks and Wall Strett).
It would thus produced a change in market expectations, there are (…) -
Laughing on the Outside
11 August 2010 par (Open-Publishing)
By David Glenn Cox
Winston Churchill once said, “You can always count on Americans to do the right thing - after they’ve tried everything else.” The old boy had us dead to rights, as a nation we don’t learn and we don’t take advice. Churchill’s bromide could be applied to Wall Street as well with one slight alteration. “You can always count on Wall Street to do the right thing when pigs fly and chickens sing opera.”
Wall Street is a one eyed monster that like organized religion hides by (…)