12
Mar
Latest Reasons For Financial Panic Mounting: More Jobs To Go
Dean Baker: The War and the Recession
The economy is shedding jobs at a rapid pace and it is only a matter of time until we see the unemployment rate rising. In addition to greater difficulty finding jobs, workers can look forward to falling wages and reduced access to health care insurance and pension coverage.
TOM PAINE.COM: Is the apparent strength of the Democratic Party right now a sign that Americans are becoming more enthusiastic about regulation, redistribution of wealth and other traditional ideas of the left, or is it just a symptom of Bush fatigue?
Markets soar as Fed pumps in further $200bn
London market jumps almost 150 points after America triggers co-ordinated Central Bank emergency funding program
REUTERS NOW HAS A RECESSION WATCH
Bush cool to second stimulus plan that states want
President Bush believes it is too early to decide whether a second economic stimulus package is needed to ward off a recession but would not rule it out, governors who met with him said. Full Article
Echoes of Japan’s “lost decade” rattle U.S. market
Key similarities with Japan nearly 20 years ago — plunging government bond yields, a cratering real estate market and a debt-burdened banking sector — cannot be dismissed lightly, writes John Parry.
JAMES HOWARD KUNSTLER: FINANCIAL PRESS IS TRYING TO AVERT PANIC
FDIC HAS $50 BILLION TO COVER $4.2 TRILLION IN DEPOSITS
MEDIA
BBC launches Arabic television service - Yahoo! News
MEDIA BRACES FOR A FINANCIAL HIT
NEW YORK Bear Stearns’ Alexia Quadrani is the latest analyst to warn that 2008 will be even more troubling to newspaper publishers than ‘07. The research firm notes the dramatic change newspapers are undergoing including alarming margin declines from what may be “peak” levels of 25% to 27% in the early part of the decade to a forecasted 23% in 2008.
In a research note to investors, Quadrani estimates that advertising revenue will plunge about 7% for the companies in Bear Stearns’ coverage universe.
National is expected to be down 4% follow
WHY YOU TUBE WENT DARK
I missed this story when it first came out.
In another network snafu, Pakistan tried blocking its citizens from “blasphemous” YouTube videos and inadvertently blacked out YouTube worldwide. Apparently the Domain Name System is more vulnerable to ISP manipulation than anyone thought, blogs WebGuild, and Data Center Knowledgeexplains the takedown’s nuts and bolts here. Techdirt writes that Pakistan has now joined Brazil, Turkey, Morocco and Thailand in creating chaos while trying to block access to YouTube. Wrapping up traffic-control coverage are the Taliban, who rang up Reuters via mobile phone to demand that Afghanistan’s mobile networks shut down at night so they can’t be used to track the Afghan rebels(via Ars Technica).
This Spitzer-thing, the wiretapping, Gotcha-retribution, etc stinks and (should) be of no interest EXCEPT for the foul nature of this system. It does however, renew my skeptisism of all who reach for high office and their motivations. Aren’t they all on the edge of some kind of super and scary and dangerous-ego trip…?
March 14th, 2008 at 12:57 pmIn my 74-year experience, REAL”bleeding hearts” work not for acclaim or position but for Results.
But with the overriding criminality of this imperialist country both at home and abroad, this can only be seen as yet another diversion. We’re going Down, and the establishment will literally Do Anything to keep the inherent potency of the public distracted.
Unless we all get off our bums and rise up for humanity, the game is nearing it’s end.
The Spitzer thing is getting worse by the minute.
“I have therefore been astonished to discover that, just one month before his outing, Spitzer published a column in The Washington Post (Predatory Lenders’ Partner in Crime, February 14, 2008, http://www.opednews.com/articles/opedne_eliot_sp_080314_spitzer_on_bush_s_ro.htm), in which he explained that the administration’s own policies of deliberate neglect and of favoring cronies were major factors that contributed to the home mortgage crisis, perhaps the greatest economic catastrophe of our time. ”
from: http://www.opednews.com/articles/opedne_jim_fetz_080313_bush_vendetta_3f.htm
March 16th, 2008 at 11:47 pm