http://www.philly.com/philly/business/personal_finance/112309_financial_doom.html
Doom and gloom, as the fashionistas might conclude, seems to be the new black. And the natural accessory, of course, is anxiety.
Consumers realize, all too well in some cases, that too much debt will eventually fall on you like a house of cards. They're wondering whether part of the solution _ which involved the federal government taking on mountains of debt _ isn't just kicking the crisis down The Road.
"You can't fight a debt problem with more debt," Ruth said.
Monday, November 23, 2009
Dollar Slump Persisting as Top Analysts See No Bottom, No end in sight. Bloomberg
http://www.bloomberg.com/apps/news?pid=20601068&sid=at68Vpon.tCk
Nov. 23 (Bloomberg) -- The most accurate dollar forecasters predict the world’s reserve currency will continue sliding even when the Federal Reserve begins to raise interest rates, which policy makers say is an “extended period” away.
Nov. 23 (Bloomberg) -- The most accurate dollar forecasters predict the world’s reserve currency will continue sliding even when the Federal Reserve begins to raise interest rates, which policy makers say is an “extended period” away.
New York Times - Wave of Debt Payments Facing U.S. Government
http://www.nytimes.com/2009/11/23/business/23rates.html?_r=2&adxnnl=1&partner=rss&emc=rss&adxnnlx=1258970709-YX8T/Kdng4F3gh1sbfDB9A
WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true.
But that happy situation, aided by ultralow interest rates, may not last much longer.
Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.
WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true.
But that happy situation, aided by ultralow interest rates, may not last much longer.
Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.
For Inspiration, Obama Looks to Reagan, Newsweek
http://www.newsweek.com/id/223785
A democratic president, you'd think, would stick to Franklin D. Roosevelt or Jack Kennedy as role models. Not Barack Obama. As he faces tough times—economically and politically—I am told that he and his advisers are turning to an unusual source for inspiration: Ronald Reagan. Looking back, it shouldn't be a total surprise. On the campaign trail in 2008, Obama said nice things about the Gipper. Reagan, Obama said, "tapped into what people were already feeling, which was: we want clarity, we want optimism, we want a return to a sense of dynamism and entrepreneurship that had been missing."
A democratic president, you'd think, would stick to Franklin D. Roosevelt or Jack Kennedy as role models. Not Barack Obama. As he faces tough times—economically and politically—I am told that he and his advisers are turning to an unusual source for inspiration: Ronald Reagan. Looking back, it shouldn't be a total surprise. On the campaign trail in 2008, Obama said nice things about the Gipper. Reagan, Obama said, "tapped into what people were already feeling, which was: we want clarity, we want optimism, we want a return to a sense of dynamism and entrepreneurship that had been missing."
Sunday, November 22, 2009
Saturday, November 21, 2009
The New Domestic Terror Threat, Newsweek
http://www.newsweek.com/id/223776
Why recent events point to a potentially worrying radicalization of disaffected American Muslims.
It is still too early to tell what exactly motivated Fort Hood shooter Nidal Hasan to open fire on fellow American soldiers earlier this month, but the massacre came on the heels of a series of foiled terrorist plots involving Americans. In light of revelations that Anwar al-Awlaki, an extremist American cleric based in Yemen, had e-mailed with Hasan, it is worth asking whether America faces a growing threat from domestic terrorism, and to what degree those involved in terrorism are becoming radicalized not in some far-flung locale, but right here in the United States.
Why recent events point to a potentially worrying radicalization of disaffected American Muslims.
It is still too early to tell what exactly motivated Fort Hood shooter Nidal Hasan to open fire on fellow American soldiers earlier this month, but the massacre came on the heels of a series of foiled terrorist plots involving Americans. In light of revelations that Anwar al-Awlaki, an extremist American cleric based in Yemen, had e-mailed with Hasan, it is worth asking whether America faces a growing threat from domestic terrorism, and to what degree those involved in terrorism are becoming radicalized not in some far-flung locale, but right here in the United States.
Italians struggle with Mussolini legacy
http://news.bbc.co.uk/2/hi/programmes/crossing_continents/2144413.stm
A movement to rehabilitate the legacy of Benito Mussolini as an Italian hero is gathering momentum, breaking a 50-year taboo surrounding Italy's fascist leader.
Today, a resurgent nationalism has continued to gloss over the more shameful parts of Italian history, while at the same time allowing fascist apologists to exalt Italy's most notorious 20th leader.
A interesting article. Somewhat frighting in that the word " nationalism " is being used. This is the same format Hitler used in creating the Nazi Party. Create a sense of one pride, one country, one language, one flag, that is Nationalism. This is the seed to creating another revolution not only in Italy but in Germany. I have worked in both countries and I can tell you that this sense of pride is still there waiting for the day to come that this ideology to take center stage once more.
However, at the same time, I do wish that Americans had a sense of " Nationalism " here. And it still might come to that, and if it does, it might be too late,,, Until then, Press 1 for English.
A movement to rehabilitate the legacy of Benito Mussolini as an Italian hero is gathering momentum, breaking a 50-year taboo surrounding Italy's fascist leader.
Today, a resurgent nationalism has continued to gloss over the more shameful parts of Italian history, while at the same time allowing fascist apologists to exalt Italy's most notorious 20th leader.
A interesting article. Somewhat frighting in that the word " nationalism " is being used. This is the same format Hitler used in creating the Nazi Party. Create a sense of one pride, one country, one language, one flag, that is Nationalism. This is the seed to creating another revolution not only in Italy but in Germany. I have worked in both countries and I can tell you that this sense of pride is still there waiting for the day to come that this ideology to take center stage once more.
However, at the same time, I do wish that Americans had a sense of " Nationalism " here. And it still might come to that, and if it does, it might be too late,,, Until then, Press 1 for English.
423 Palestinian Children Suffering in Israeli Prisons
http://uruknet.info/index.php?p=m60258&hd=&size=1&l=e
'Palestinian Minister of Social Affairs Majidah Al-Masri said on Thursday that 423 Palestinian children are currently living in what she described as "difficult and painful circumstances" in Israeli prisons.
Accusing Israeli jailers of committing acts of psychological abuse and molestation, Al-Masri said that in addition to the strife of the children of Gaza, "the children in the West Bank are deprived from having a safe life due to the Israeli policy of uprooting and Judaization." '
Palin: Jewish Settlements Should Be Allowed to Expand, Because More Jews Are 'Flocking' to Israel
As much as I like you Mrs.Palin, I do disagree on you on this point.
The Christmas credit crunch: Greedy finance firms push interest rate towards 40%
Credit card firms are pushing up interest rates by as much as 7 per cent ahead of Christmas.
The move by Capital One means some customers will be paying almost 40 per cent interest on their Christmas gifts and January sale purchases unless they clear the balance on their cards. Read more: http://www.dailymail.co.uk/news/article-1229666/The-Christmas-credit-crunch-Greedy-finance-firms-push-rate-40.html#ixzz0XVlu36On
The move by Capital One means some customers will be paying almost 40 per cent interest on their Christmas gifts and January sale purchases unless they clear the balance on their cards. Read more: http://www.dailymail.co.uk/news/article-1229666/The-Christmas-credit-crunch-Greedy-finance-firms-push-rate-40.html#ixzz0XVlu36On
Friday, November 20, 2009
Israeli’s Imprison Cat For Aiding Palestinian Prisoners
'An Israeli prison,The Nakab, located between Egypt and Israel has booked one cat in solitary confinement as punishment for its services and assistance to prisoners who are serving sentences in solitary confinement.
According to the Israeli officers,the cat was aiding prisoners by moving light objects (i.e. letters,bread etc) between the cells of prisoners.It turns out that the cat had been providing its services to prisoners for several months until it was exposed recently and so the prison administration decided to place the cat in solitary confinement - the same way they do to the prisoners.'
According to the Israeli officers,the cat was aiding prisoners by moving light objects (i.e. letters,bread etc) between the cells of prisoners.It turns out that the cat had been providing its services to prisoners for several months until it was exposed recently and so the prison administration decided to place the cat in solitary confinement - the same way they do to the prisoners.'
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