Wednesday, September 30, 2009

How Cameron cosied up to Murdoch & Son - UK Politics, UK - The Independent

And if opinion polls are accurate, Labour under Gordon Brown had already lost the allegiance of a large proportion of those Sun readers who will vote months before yesterday's bombshell. Perhaps a suitable headline for today would be "It was The Sun wot followed the general drift of public opinion and joined the winning side." Not snappy, but accurate.
How Cameron cosied up to Murdoch & Son - UK Politics, UK - The Independent
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BBC NEWS | Business | Weak September data hits markets

The poor data came from the Institute for Supply Management's (ISM's) business barometer for Chicago, which unexpectedly shrank this month.

The report overshadowed the earlier announcement that the US economy contracted less than previously estimated between April and June.

Wall Street's main Dow Jones index ended Wednesday down 0.3%.

It closed 30 points lower at 9,712, while the Nasdaq fell 1.6 points or 0.1% to 2,122.

BBC NEWS | Business | Weak September data hits markets
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The the US, Southerners are the Sinners

http://www.wired.com/culture/education/magazine/17-09/st_sinmaps



Greed
Average income compared with number of people living below the poverty line.


Envy
Total thefts (robbery, burglary, larceny, and grand theft auto) per capita.


Wrath
Number of violent crimes (murder, assault, and rape) per capita.



Sloth
Expenditures on art, entertainment, and recreation compared with employment.


Gluttony
Number of fast-food restaurants per capita.


Lust
Number of STD cases reported per capita.



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Study Indicates Higher Rate of Dementia in Former N.F.L. Players - NYTimes.com Is it because they start stupid, or because they bang their heads??????

A study commissioned by the National Football League reports that Alzheimer’s disease or similar memory-related diseases appear to have been diagnosed in the league’s former players vastly more often than in the national population — including a rate of 19 times the normal rate for men ages 30 through 49.
Study Indicates Higher Rate of Dementia in Former N.F.L. Players - NYTimes.com
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BBC NEWS | Business | IMF cuts crisis losses prediction

The International Monetary Fund (IMF) has cut its forecast for the amount likely to be written off globally in bad loans and investments by 15%.
BBC NEWS | Business | IMF cuts crisis losses prediction
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Tuesday, September 29, 2009

BBC NEWS | England | Beds/Bucks/Herts | Grant for WWII code-breaking site



Bletchley Park in Buckinghamshire, the top secret code-breaking hub of World War II, has been awarded nearly £500,000 of lottery funds.

The development money from the Heritage Lottery Fund will help the historic site become a world heritage and educational centre.

It is the first step towards a target of £10m to completely revamp the site.

The home of the code-breakers has been open to the public since 1994 but is in an advanced state of dilapidation.


BBC NEWS | England | Beds/Bucks/Herts | Grant for WWII code-breaking site
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BBC NEWS | Business | UK growth falls less than thought

The rate of contraction of the UK economy in the three months from April to June has been reduced again.

Gross domestic product fell by 0.6% compared with the previous quarter, better than the previous estimate of a 0.7% contraction.

The original estimate produced by the Office for National Statistics had indicated a 0.8% decline.

The latest improvement came mostly from the manufacturing and construction sectors of the economy.

The ONS figures showed manufacturing fell 0.1% in the second quarter, which was half the amount previously estimated.

The rate of decline in construction was 0.8% instead of 2.2%, the ONS said.

BBC NEWS | Business | UK growth falls less than thought
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Secret Service Investigating Facebook Poll Asking Whether Obama Should Be Killed | The Plum Line

The Secret Service is investigating the circumstances surrounding an eye-opening Facebook poll that asked whether Obama should be assassinated, a Secret Service spokesman confirms to us.

“We are taking the appropriate investigative steps,” the spokesman, Ed Donovan, told our reporter, Amanda Erickson. “We are aware of it.”

The poll asked: “Should Obama be killed?” It offered four choices: No, Maybe, Yes, and Yes if he cuts my health care.

The poll, of course, is only the latest example of the sort of viral incitement to violence that flares up when the sparks of anti-Obama hatred are fed oxygen by the bellows of the Internets. While anyone can put up such a poll, this kind of stuff is a sign of the moment — as David Kurtz put it, it’s akin to graffiti on the virtual wall of our times.

Secret Service Investigating Facebook Poll Asking Whether Obama Should Be Killed | The Plum Line
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Monday, September 28, 2009

Some Revolution | The New Republic

Why the 2010 election will not be a repeat of 1994.
Some Revolution | The New Republic
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Commentary: Silvio Berlusconi's insult to the Obamas may prove a step too far - Times Online

Commentary: Silvio Berlusconi's insult to the Obamas may prove a step too far - Times Online
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On the economic and financial crisis, President Lula said the free market policy had failed

On the economic and financial crisis, President Lula said the free market policy had failed
"I refer to the absurd doctrine that markets could regulate themselves, with no need for so-called "intrusive" state intervention, and to the thesis of absolute freedom for financial capital, with no rules or transparency, beyond the control of peoples and institutions," he said. "It was an iniquitous defence of a minimal, crippled, weakened state, unable to promote development or fight poverty and inequities. It included the demonisation of social policies, an obsession with precarious labour relations and an irresponsible co-modification of public services. The real cause of the crisis was the confiscation of most of the sovereignty of peoples and nations through the state and democratic governments - by autonomous networks of wealth and power."

-President Lula of Brazil joins the growing community to reject Neo-Liberalism.

Sunday, September 27, 2009

THE PHILIPPINES IN A STATE OF CALAMITY by Tanya Escaler | IMAGINE PEACE

THE PHILIPPINES IN A STATE OF CALAMITY by Tanya Escaler | IMAGINE PEACE
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The dead end kids

And worse, without a clear economic recovery plan aimed at creating entry-level jobs, the odds of many of these young adults -- aged 16 to 24, excluding students -- getting a job and moving out of their parents' houses are long. Young workers have been among the hardest hit during the current recession -- in which a total of 9.5 million jobs have been lost.
The dead end kids
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Spain's Goth First Daughters Embarrass, Embarrassed By Dad - Barack Obama - Gawker

Spain's Goth First Daughters Embarrass, Embarrassed By Dad - Barack Obama - Gawker
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American Nones: The Profile of the No Religion Population - American Religious Identification Survey 2008

HARTFORD, Conn. - The 34 million American adults who don't identify with any particular religious group reflect the general population in terms of marital status, educational attainment, racial and ethnic makeup, and income, according to a new study by Trinity College researchers, American Nones: The Profile of the No Religion Population.
American Nones: The Profile of the No Religion Population - American Religious Identification Survey 2008
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The New York Times > Business > Image > Unemployed Workers Competing for Limited Job Prospects

The New York Times > Business > Image > Unemployed Workers Competing for Limited Job Prospects

Notice that of the the US spent 2 full years in Recession during Bush's Presidency, and unemployment never reached back to where it was when Bush ran.  So much for the "magic of the market"
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U.S. Job Seekers Exceed Openings by Record Ratio - NYTimes.com

Despite signs that the economy has resumed growing, unemployed Americans now confront a job market that is bleaker than ever in the current recession, and employment prospects are still getting worse.

Job seekers now outnumber openings six to one, the worst ratio since the government began tracking open positions in 2000. According to the Labor Department’s latest numbers, from July, only 2.4 million full-time permanent jobs were open, with 14.5 million people officially unemployed.

And even though the pace of layoffs is slowing, many companies remain anxious about growth prospects in the months ahead, making them reluctant to add to their payrolls.
U.S. Job Seekers Exceed Openings by Record Ratio - NYTimes.com
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Palin on Hong Kong



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Twitter buzz: SNL newbie Jenny Slate drops the F-bomb

Pretty Saturday Night Live (SNL) newcomer Jenny Slate is considered to be a comic's comic. Accustomed to the theater and stand up comedy stage where language often goes uncensored, Jenny let it loose by dropping the F-bomb on her first night on(SNL).
Twitter buzz: SNL newbie Jenny Slate drops the F-bomb
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BBC NEWS | World | Asia-Pacific | Philippines battles flood chaos

Rescue teams are stepping up efforts to reach flood victims in the Philippines, where at least 72 people are feared to have died following torrential rains.
BBC NEWS | World | Asia-Pacific | Philippines battles flood chaos
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BBC NEWS | Business | The end of the Western economic era?

This time a year ago, the world was reeling from the collapse of Lehman Brothers and the multi-billion dollar rescue of Merrill Lynch and insurance firm AIG.

But for Joern Schuetumpf, a German publisher, life was looking up.

Mr Schuetumpf, director of Karl-Dietz, was revelling in the increase in sales of one of his books which was now selling at seven times the usual rate.

That book was Marx's Das Kapital, the founding text of communism.

On television and radio outlets across the world, Marxists, socialists and anti-capitalist groups seized the moment in the post-Lehmans-world, to declare that the Western economic era was over.

Even before the crisis there were warnings. In March 2007, American writer and journalist Tom Wolfe said "we may be witnessing the end of capitalism as we know it".

Then in September last year, the British political philosopher John Gray said that "the era of American global leadership is over... in a change as far-reaching in its implications as the fall of the Soviet Union, an entire model of government and the economy has collapsed".

'The great story of our time'

But now, a year after, as the polemical dust settles, do leading commentators believe that we are at the brink of a new financial world order?

According to Fareed Zakaria, editor of Newsweek International and author of The Post American World, we are.

"This is the major power shift of the last few centuries," he says, speaking to the BBC World Service.

"For the first time in at least 300 years, you have non Western actors of a size and scale that will really be dominating the world."

Yet Mr Zakaria does not think the West will be obliterated by the new scenario.

"America will be the most powerful economy in the world for the foreseeable future and the West will still be important... but it will have to share that power with countries, cultures and civilisations it has traditionally dominated, colonised and looked down on, and that re-balancing of the world will be the great story of our time," he says.


BBC NEWS | Business | The end of the Western economic era?
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BBC - Stephanomics: New world order, deferred

Despite speculation otherwise, the G20 will not formally announce today that it is replacing the G8 on economic and financial issues. That will only happen in 2011 - when France is chairing both of them.
BBC - Stephanomics: New world order, deferred
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Saturday, September 26, 2009

Blackwashing

The Colbert ReportMon - Thurs 11:30pm / 10:30c
The Word - Blackwashing
www.colbertnation.com
Colbert Report Full EpisodesPolitical HumorHealth Care Protests
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Bill Sparkman Found Naked, Gagged And Bound

BIG CREEK, Ky. — A part-time census worker found hanging in a rural Kentucky cemetery was naked, gagged and had his hands and feet bound with duct tape, said an Ohio man who discovered the body two weeks ago.

The word "fed" was written in felt-tip pen on 51-year-old Bill Sparkman's chest, but authorities have released very few other details in the case, such as whether they think it was an accident, suicide or homicide.

Jerry Weaver of Fairfield, Ohio, told The Associated Press on Friday that he was certain from the gruesome scene that someone killed Sparkman.

"He was murdered," Weaver said. "There's no doubt."

Weaver said he was in the rural Kentucky county for a family reunion and was visiting some family graves at the cemetery on Sept. 12 along with his wife and daughter when they saw the body.

"The only thing he had on was a pair of socks," Weaver said. "And they had duct-taped his hands, his wrists. He had duct tape over his eyes, and they gagged him with a red rag or something."



Bill Sparkman Found Naked, Gagged And Bound
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Friday, September 25, 2009

Bill Sparkman


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US police are investigating the death of a man who was found hanged from a tree in rural Kentucky with the word "Fed" scrawled on his chest.

Bill Sparkman, 51, had been going door-to-door in Clay County collecting census data.

The FBI is investigating whether Mr Sparkman was victim of anti-government sentiment.

The Census Bureau has suspended door-to-door interviews in the area until the investigation is complete.

"Even though he was with the Census Bureau, sometimes people can view someone with any government agency as 'the government'. I just was afraid that he might meet the wrong character along the way up there," said Gilbert Acciardo, a retired policeman who knew Mr Sparkman, and had warned him to "be careful" when carrying out the census.


BBC NEWS | World | Americas | US census worker hanging probed

The part-time census worker (Bill Sparkman) found hanging from a tree in a rural Kentucky cemetery was naked, his hands and feet bound with duct tape, a witness told the Associated Press on Friday.

Jerry Weaver of Fairfield, Ohio, said Bill Sparkman, 51, was gagged and had duct tape over his eyes and neck. Something resembling an identification tag was taped to his neck, he reported.

Weaver said he was in the area for a family reunion when he and other relatives came upon Sparkman's body on Sept. 12 in Daniel Boone National Forest.

Sparkman's truck was found nearby with his computer still inside.

"His tailgate was down," Weaver told the AP. "I thought he could have been killed somewhere else and brought there and hanged up for display, or they actually could have killed him right there. It was a bad, bad scene."

Sparkman's body was found with the word "Fed" scrawled in his chest.


Census Worker Found Gagged, Bound, Nude - ABC News
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Majikthise Blog post on Bill Sparkman murder

Census-taker Bill Sparkman was found hanging from a tree in a cemetery with a noose around his neck and the word "Fed" scrawled on his chest. The authorities haven't determined whether the death was a homicide or a suicide.

Richard Benjamin asks whether Sparkman was a casualty of Methland, USA or a victim of anti-government bile. That's a false dichotomy.

If Sparkman was murdered, whoever killed him committed an act of political violence. It doesn't matter whether the killer was also trying to protect a drug operation. The perp took a page out of the old fashioned lynching playbook--stringing up the victim and defacing his corpse as a warning to others.

Clearly, whoever did this wanted to send a message. Someone who simply wanted to conceal a drug operation wouldn't dispose of the victim's body in such a spectacular fashion.

We tend to think of drug traffickers as non-ideological capitalists--but it's worth nothing that the drug trade funds militias and insurgencies all over the world.


Majikthise
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No wonder... Right wing comments on Census | Gather



I understand now why people have been associating the unfortunate hanging of Bill Sparkman with right-wing propaganda. I thought people were just angry and talking out of their bottoms, but then I ran across this video on YouTube. I felt so sad when I found this. Will anyone besides God make these spokes-idiots accountable for what they say?

I say we fund the public option from fines given to people who refuse to fill out the census because these two idiots aided public paranoia.

Good Lord, Beck and Bachman should get married and have the anti-Christ child already.

My heart goes out the Bill Sparkman and his family. I hope they find justice.

No wonder... Right wing comments on Census | Gather
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The Associated Press: Witness: Census worker's hanging body naked, bound



BIG CREEK, Ky. — One of the witnesses who found a part-time census worker's body hanging in a Kentucky cemetery says the man was naked and his hands and feet were bound with duct tape.

Jerry Weaver of Fairfield, Ohio, told The Associated Press on Friday that he was among a group of relatives who discovered the body of Bill Sparkman on Sept. 12.

Sparkman was a substitute teacher who worked part-time for the census. Law enforcement officials have released very few details on his death, only saying he died from asphyxiation.

Weaver says the man also was gagged and had duct tape over his eyes and neck. He says something that looked like an identification tag was taped to the side of his neck.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

BIG CREEK, Ky. (AP) — Authorities said a U.S. Census worker died by asphyxiation but were releasing few other details about the mysterious case nearly two weeks after Bill Sparkman's body — with the word "fed" scrawled on the chest — was found hanging from a tree near a family cemetery secluded by Appalachian forest.

The word appeared to have been written with a felt-tip pen, Clay County Coroner Jim Trosper said Friday. He did not elaborate.

The substitute teacher, 51, was discovered Sept. 12 in a remote patch of Daniel Boone National Forest in Clay County where he was working part-time for the government. Still, law enforcement officials weren't saying Thursday whether he was working at the time of his death or whether they believed it had anything to do with his job. Authorities have so far been unable to determine if it was an accidental death, homicide, or suicide.

Mary Hibbard, a teacher in Manchester, recalled Sparkman visiting her over the summer to ask typical Census questions, such as the size of her house and the average monthly utility bills. After she answered, she turned the questioning on him — quizzing him about his faith and learning he had a strong belief in God.

She said she was shocked when she saw his picture on the news.

"I think the negative publicity of it is a stigma on our county," she said. "It makes people think less of us, even though this is an isolated incident. When it happens here, it seems like it's emphasized."

Authorities for the first time Thursday said the preliminary cause of death was asphyxiation, but even the details behind that were murky. According to a Kentucky State Police statement, the body was hanging from a tree with a noose around the neck, yet it was in contact with the ground.

The word "fed" had been scrawled on his chest, according to a law enforcement official who spoke on the condition of anonymity because the official was not authorized to discuss the case.

There was no visual evidence of any crime — or even any police investigation — at the Hoskins family cemetery, which includes dozens of tombstones, many bearing the Hoskins name. It sits on a steep hill less than 200 yards from the narrow road that cuts through the forest.

At the entrance to the path leading there were two white rubber gloves, and there was other litter on the ground, including discarded soda cans and a children's toy.

Lucy Wagers, who owns a grocery store in the area, said her husband delivers mail around the cemetery, and she often goes with him. Never had she seen any strange activity there, nor noticed any police traffic, even after the body was found.

"Who would have done it like that around here?" she said. "I've been here 32 years and never had nobody bother me."

Although anti-government sentiment was one possibility, some in law enforcement also cited the prevalence of drug activity in the area — including meth labs and marijuana fields — although they had no reason to believe there was a link to Sparkman's death.


The Associated Press: Witness: Census worker's hanging body naked, bound
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BBC NEWS | World | South Asia | India prepares for Maoist assault

The Indian Home Minister, P Chidambaram, says the government will extend "every support" to states battling left-wing Maoist extremism.

Mr Chidambaram was assessing state security in Chhattisgarh and Jharkhand as the government prepares for what it says will be an all-out assault.

About 20,000 troops are being sent to the two states to join 35,000 already stationed there ahead of the offensive.

The Maoists say they are fighting for the rights of the poor.

They operate in a large swathe of territory across central and eastern India.




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More than 6,000 people have been killed during their 20-year fight for a communist state.

"The centre is committed to fight Naxalism [Maoism]," Mr Chidambaram said. "We will provide all possible help to... eradicate the left-wing extremists completely," he told reporters here.

The home minister hailed the Chhattisgarh government's efforts to fight Maoists and said all steps to provide "succour to kin of security men killed in the fight against Naxalism" have been taken.

Correspondents say any offensive is not expected to be launched before October.

On Friday Mr Chidambaram met Chhattisgarh Governor ESL Narsimhan to discuss the Maoist threat.

Last week a fierce gun battle between Maoists and the security forces took place in Chhattisgarh. At least seven Maoists were killed and one paramilitary soldier.

India's Prime Minister Manmohan Singh said earlier this month that his country was losing the battle against the rebels.

Mr Singh told a meeting of police chiefs from different states that rebel violence was increasing and the Maoists' appeal was growing.

The rebels operate in 182 districts in India.



BBC NEWS | World | South Asia | India prepares for Maoist assault
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The Sex Files

MPs' expenses: Why mole leaked details | Politics | The Guardian

MPs' expenses: Why mole leaked details | Politics | The Guardian
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Thursday, September 24, 2009

Britain's fiscal emergency: Deflating the state | The Economist

Most politicians have been reluctant to unveil the scale of cuts and higher taxes needed because they fear that voters will punish them in the coming election. But polls show that people know the public finances must be put in order. And taking a bold budgetary line has not disqualified politicians for higher office elsewhere. In Canada and Sweden, which faced fiscal meltdown in the 1990s and turned massive deficits into surpluses, the finance ministers who presided over the squeeze were later chosen to head their governments.
Britain's fiscal emergency: Deflating the state | The Economist

Again the Economist with its selective memory.  Somehow they forget that a major nation that faced fiscal problems in the 1990s where a government turned it around.  How was the party that turned it around, making deficits in to surpluses rewarded?  The Democratic party was kicked out of office and the largest period of debt expansion in its history was launched by Bush, who the Economist loved.

And the point is this, what is to stop hard earned improvements in fiscal status, earned on the backs of ordinary tax payers, from being handed off to well positioned companies in government contracts?  And is the economic system now so corrupted that this is unavoidable?
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Britain's fiscal emergency: Deflating the state | The Economist

Britain's fiscal emergency: Deflating the state | The Economist

Speaking of the Economist, just off of memory here are some recent predictions they made.

  1. The Iraq War would be relatively easy and produce greater security and should be followed.
  2. George W. Bush in his last year as President could produce a Middle East peace agreement.
  3. The Credit Crunch would improve the global economy even in the short term.
  4. California in 2006 was about to experience another one of its economic miracles.
And that is just from memory.  Frankly if you just listen to a drunk guy in a pub who used to drive a cab you are likely to get better predictions.  Now I still love the graphs, boy they have great graphs, but at some point you have to wonder when will they shut up.

As a long term resident of the UK I would point to one thing, Brown and Blair did not launch a mass of public spending because they simply felt like it.  The UK public service sector was in a state of deep crisis after the last 2 Conservative governments and remains so today.  The NHS has been greatly improved and UK schools, rail, and city infrastructure has been improved but is still in great need.  The UK was unique in the EU for having gone through a period of such radical neglect of its public sector in favor of the private and the states of UK schools makes this very clear.

The UK simply MUST spend more money.  The problem is that the UK, like all neo-liberal states so adored by the Economist, is a dictatorship of a few major business interests.  Raising taxes on the finance sector is out of the question.

So under a new Conservative party headed by a man who was never meant to be PM we will see a B-line push to reduce spending and increase VAT taxes with an effort to reduce inheritence tax.

In the end here is a prediction, Britian along with the United States will remain at the top of debt for a while.  This prediction comes from an Economist who often made very correct predictions: Marx.  Marx noticed that the hallmarks of a Capitalist system are heavy public sector debt and taxes.

And that is the key issue, the current ideological debate is too narrow to really look for answer, and is structured in such a way that is can not question its own assumptions: which are free market.

In the US and UK a question about Capitalism in its present form can not make it to TV or print.  Sure people like I can blog about it but blogging is structured in such a way to prevent debate and discousre.  Everyone just has there own blog mouthing off.  In fact this post is a waste of time and you are as fool to read it as me to write it.

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How I Became A Keynesian | The New Republic

We have learned since September that the present generation of economists has not figured out how the economy works. The vast majority of them were blindsided by the housing bubble and the ensuing banking crisis; and misjudged the gravity of the economic downturn that resulted; and were perplexed by the inability of orthodox monetary policy administered by the Federal Reserve to prevent such a steep downturn; and could not agree on what, if anything, the government should do to halt it and put the economy on the road to recovery. By now a majority of economists are in general agreement with the Obama administration's exceedingly Keynesian strategy for digging the economy out of its deep hole. Some say the government is not doing enough and is too cozy with the bankers, and others say that it is doing too much, heedless of long-term consequences. There is no professional consensus on the details of what should be done to arrest the downturn, speed recovery, and prevent (so far as possible) a recurrence. Not having believed that what has happened could happen, the profession had not thought carefully about what should be done if it did happen.

Baffled by the profession's disarray, I decided I had better read The General Theory. Having done so, I have concluded that, despite its antiquity, it is the best guide we have to the crisis. And I am not alone in this judgment. Robert Skidelsky, the author of a superb three-volume biography of Keynes, is coming out with a book titled Keynes: The Return of the Master, in which he explains how Keynes differed from his predecessors, the "classical economists," and his successors, the "new classical economists" and the "new Keynesians"--and points out that the new Keynesians jettisoned the most important parts of Keynes's theory because they do not lend themselves to the mathematization beloved of modern economists. Skidelsky's summary of what is distinctive in Keynes's theory is excellent.
How I Became A Keynesian | The New Republic

This is the last New Republic link I will put on, actually its just a lot of hot air.  Next thin you know I will be linking to the Economist.  Heaven Offend!!!
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The Death (and Life) Of Conservatism | The New Republic

One of the best lines in Sam Tanenhaus’s wonderful little book on The Death of Conservatism comes in its opening chapter. Surveying intellectual life on the right in the opening months of the Obama administration, Tanenhaus concludes that too many conservative intellectuals “recognize no distinction between analysis and advocacy, or between the competition of ideas and the naked struggle for power.” Quite so, as one can see from the response (or non-response) of the right to Tanenhaus’s own book.
The Death (and Life) Of Conservatism | The New Republic
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HSBC bids farewell to dollar supremacy - Telegraph



"The dollar looks awfully like sterling after the First World War," said David Bloom, the bank's currency chief.

"The whole picture of risk-reward for emerging market currencies has changed. It is not so much that they have risen to our standards, it is that we have fallen to theirs. It used to be that sovereign risk was mainly an emerging market issue but the events of the last year have shown that this is no longer the case. Look at the UK – debt is racing up to 100pc of GDP," he said

Crucially, China and rising Asia have reached the point where they can no longer keep holding down their currencies to boost exports because this is causing mayhem to their own economies, stoking asset bubbles. Asia's "mercantilist mindset" of recent decades is about to be broken by the spectre of an inflation spiral.

The policy headache was already becoming clear in the final phase of the global credit boom but the financial crisis temporarily masked the effect. The pressures will return with a vengeance as these countries roar back to life, leaving the US and other laggards of the old world far behind.

A monetary policy of near zero rates – further juiced by quantitative easing – is completely incompatible with circumstances in most of Asia, the Middle East, Latin America, and Africa. Divorce is inevitable. The US is expected to hold rates near zero through 2010 to tackle its own crisis.

What is occurring is an epochal loss in the relative wealth and economic power of the old G10 bloc of rich countries compared to rising regions of the world. The euro, yen, sterling, Swiss franc and other mature currencies will be relegated along with the dollar in this great process of rebalancing, but the Greenback will bear the brunt.

The Fed's super-loose policy is turning the dollar into the key funding currency for the next phase of the global "carry trade", taking over the role of Japan during its period of emergency stimulus.

Mr Bloom said regional currencies would emerge as the anchor for their smaller trading partners, with China, Brazil, or South Africa substituting the role of the US. Australia is already linking its fortunes to China through commodity ties.


HSBC bids farewell to dollar supremacy - Telegraph
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Plot for Sex and the City with Balls

Rather than an idiotic "look what they had on in the 80s" movie here is what Sex in the City would be about if it was in fact a good engaged show speaking to modern female life.

Plot summary

Big comes back from the office a bit drunk, Carrie has been waiting in a very expensive dress because it is their anniversary.

Big informs Carrie that his investment firm has folded, and that he is ruined.

Carrie says well they could maybe live on her article

Cut next day

Carries speaking with Miranda about Big's job. Carrie repeats again that they could maybe get by for a while on her job with the article.

"Oh wait I have another call"

Carrie, in the drop in newspaper readership, is let go from the newspaper.

Now both Carrie and Big are without work.

Now here is the critical point, do they:

A. Go in to the Country to invest their money in a crazy hotel for sex starved city dwellers for a series of random adventures.
B. Move in with his rich family of strange characters for a series of random adventures.
C. Try to make it in New York retraining for jobs since their sectors finance and print media are now dead. Carrie waits tables as younger girls dart around her taking the big tips and Big becomes a social worker. In the end they both discover the dignity of work and that values are larger than money.

Or

Do you return to the 1980s, the fantasy time for investment banking and free markets to create a myth to counter the collapse of these ideas since the last movie was made.

BBC NEWS | World | Americas | US census worker hanging probed

BBC NEWS | World | Americas | US census worker hanging probed
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G-20 opponents, police clash on Pittsburgh streets - Yahoo! News

The marchers included small groups of self-described anarchists, some wearing dark clothes and bandanas and carrying black flags. Others wore helmets and safety goggles.
G-20 opponents, police clash on Pittsburgh streets - Yahoo! News

Ever notice this, a small group of anarchists will never get an MSNBC and Fox interview, even though many of them could go on for hours with discussions of theory and practice.  But one person, no matter how stupid or mentally ill who stands up in a town hall and says people should not be provided with free health care can have his or her pick of major networks?
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Our Awesome Post Racial Society (Comics)

Our Awesome Post Racial Society (Comics)
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How I Became A Keynesian | The New Republic

How I Became a Keynesian

Second Thoughts in the Middle of a Crisis


How I Became A Keynesian | The New Republic
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Tottenham Food Co-op & The Community

We’re Back! We’re Back To Earth!

Tottenham Food Co-op & The Community

Kitchen are back tomorrow!

Back2Earth,Tottenham invites you

to the Broadwater Farm Community

Centre tomorrow Friday 24th September

& Saturday 25th September 12-30 - 3-30.

for healthy, fresh, organic, sustainable

fruit & veg. and a selection of dry goods

from our B2E Tottenham Food Co-op.

plus delicious, freshly cooked, world

food from our Farm Community Kitchen.

+ We have started our 1st pilot Back To Earth local

Community Food Growing and Green Skills Training

projects for Haringey on local allotments. If you want to

do local community food growing, horticultural or green skills

training, volunteering or mentoring, please let us know.

+ The latest plans for Lordship Rec are in the

Café displayed for your edification & comments.

ALSO we will be holding 2 Back2Earth Volunteer

Recruitment and Induction days for all Back2Earth

Activities planned over the next few months.

The B2E Tottenham Flower & Produce Show on

September 12th as part of the 3rd amazing Restore

the Rec Festival was a great success – thanks to

all who participated.

At the Farm Café & Community Kitchen we cook and eat

a variety of delicious, affordable, healthy,fresh,

seasonal, where possible organic & local foods with

our Food Co-op supplies selected from Hughes Organics,

Norfolk and Perry Court Farm in Kent + Dry & Fair

Trade Goods from Community Foods and Fair Trade

Groups and local whole food wholesalers.

All at Broadwater Farm Community

Centre,1 Adams Road,Tottenham, N17 8AT.

All best and sustainable wishes,

Martin Burrows and Felix Waterhouse + all at the Back To Earth Projects

TEL/FAX: 020 8885 7775 / 4185 Mobile: - 07831 219032

Temp. e-mail: mab.prospect@tiscali.co.uk

Pilot projects funded in 2008 by Lottery’s Awards For All and in Autumn 2008

and 2009 by Haringey’s local Making The Difference Fund.

B2E @ BROADWATER FARM COMMUNITY CENTRE,

1 Adams Road, Tottenham, London N17 6HE

Notes from America, Crackers are Crazy

Gun sales spiked when it became clear Obama would be elected a year ago and purchases continued to rise in his first few months of office. The FBI’s National Instant Criminal Background Check System reported that 6.1 million background checks for gun sales were issued from January to May, an increase of 25.6 percent from the same period the year before.
Demand for ammunition sparking shortages - Life- msnbc.com

Its sad how such a great historical event is being undermined by crackers in the US. And all they are doing is ruining their own place in history. Sadly at this point it seems like they are ruining for good America's reputation removing the possibility that all the blame could go on Bush and showing that America is full of cracker sister fuckers.

Wednesday, September 23, 2009

How the ACORN 'pimp and hooker' videos came to be

How the ACORN 'pimp and hooker' videos came to be

Its interesting, a grass roots organization can be held fully responsible for the statements or actions of any of its members at any time, but major banks which had strategic efforts to engage in risky investing without oversight to make individuals millions and billions of dollars putting the global economy at risk....well better to forgive and forget eh?
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BBC NEWS | Business | Mortgage approvals up 81% in year

The number of mortgages approved by the major banks in August was up 81% from the same month a year ago when the housing market was in a slump.
BBC NEWS | Business | Mortgage approvals up 81% in year
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BBC NEWS | England | Staffordshire | Huge Anglo-Saxon gold hoard found

BBC NEWS | England | Staffordshire | Huge Anglo-Saxon gold hoard found

The UK's largest haul of Anglo-Saxon gold has been discovered buried beneath a field in Staffordshire.

Experts said the collection of 1,500 pieces, which may date back to the 7th Century, is unparalleled in size.

A spokeswoman for the British Museum said the find, which is due to be classed as treasure, was the equivalent of finding a "new Book of Kells".

Terry Herbert, who found it on farmland using a metal detector, said it "was what metal detectorists dream of".

It may take more than a year for the gold, which is expected to be classed by a coroner as treasure later, to be valued.

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Evgeny Morozov: How the Net aids dictatorships

Census Worker Hanged: Bill Sparkman Found With "Fed" On Body

WASHINGTON — The FBI is investigating the hanging death of a U.S. Census worker near a Kentucky cemetery, and a law enforcement official told The Associated Press the word 'fed" was scrawled on the dead man's chest.
Census Worker Hanged: Bill Sparkman Found With "Fed" On Body
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Glenn Beck, Glenn Beck, GLENN BECK




Conservative thinking at this state

Start loop:

We got GLENN BECK, GLENN BECK, GLENN BECK, The Voice of the GOP, HOT GOP VOICE, Fox 000 News, Real New, We Report: You Decide; Hot Weather Girls, GLENN BECK GLENN BECK GLENN BECK, WE GOT NAZIS. Liberals are out to get you brain We got GLENN BECK, GLENN BECK, GLENN BECK, The Voice of the GOP, HOT GOP VOICE, Fox 000 News, Real New, We Report: You Decide; Hot Weather Girls, GLENN BECK GLENN BECK GLENN BECK, WE GOT NAZIS.

Continue loop as long a ratings hold up

Quote:

Beck never grew close to Hattrick, who thought his new partner was talented but full of himself and incapable of thinking of anything but radio and ratings. "Beck lived, ate, drank and breathed radio," says Hattrick, who still works as a DJ in Phoenix. "It was impossible to talk to him about anything without reference to how to bring it into the show. I never once saw any evidence that he could turn it off. In that sense he was a one-dimensional person. But he was great at being a grandstanding, pompous idiot and shaking the brushes for attention."


Read more at: http://www.huffingtonpost.com/2009/09/22/glenn-beck-1986-radio-cli_n_295018.html

Tuesday, September 22, 2009

FiveThirtyEight: Politics Done Right: Health Care Is Hazardous to Poll Numbers for Grassley, Other Senators

FiveThirtyEight: Politics Done Right: Health Care Is Hazardous to Poll Numbers for Grassley, Other Senators
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Revealed: Manchester United get more injury time when they need it | Football | The Guardian

So, the Premier League gives extra time to it's most successful franchise. Why would that be? Because they are 'most successful' both in terms of winning and, more importantly, in terms of revenue. They sell more merchandise than any other football team on the planet.

Revealed: Manchester United get more injury time when they need it | Football | The Guardian
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Revealed: Manchester United get more injury time when they need it | Football | The Guardian

So, the Premier League gives extra time to it's most successful franchise. Why would that be? Because they are 'most successful' both in terms of winning and, more importantly, in terms of revenue. They sell more merchandise than any other football team on the planet.

Revealed: Manchester United get more injury time when they need it | Football | The Guardian
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Monday, September 21, 2009

Happy birthday, Brigitte Bardot | Film | The Guardian

Happy birthday, Brigitte Bardot | Film | The Guardian
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From toxic waste to toxic assets, the same people always get dumped on | George Monbiot | Comment is free | The Guardian

The Trafigura case, like the financial crisis, suggests that in business there are people ruthless enough to shut their eyes to almost anything if they think if they think they can make money. Business without regulation is scarcely distinguishable from organised crime. Regulation without strict enforcement is an open invitation to mess with people's lives. Tedious directives, state power and bureaucratic snooping – the interference that everyone professes to hate – are all that stand between civilisation and corporate hell.
From toxic waste to toxic assets, the same people always get dumped on | George Monbiot | Comment is free | The Guardian
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Airlines vow to halve carbon emissions by 2050 | Environment | The Guardian

Under the proposals, airlines would leave the EU emissions trading scheme, which they are due to join in 2012, and would buy carbon dioxide permits in a global market. Walsh warned earlier this year that a global scheme would add around £3bn per year to industry costs, which would be passed on to passengers through higher fares. According to the European commission, the EU trading scheme will add €9 (£8.16) to the cost of a return short-haul flight and €40 to a long-distance return flight. However, campaigners suggested the new pledge was undermined by its reliance on the industry funding emissions cuts elsewhere. "It is a real problem that this will include offsetting and buying carbon credits," said John Sauven, director of Greenpeace. "It shows that Willie Walsh is not really taking the issue of climate change seriously."
Airlines vow to halve carbon emissions by 2050 | Environment | The Guardian
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Coal-Fired Plant in West Virginia Is Poised to Store Gas - NYTimes.com

Coal-Fired Plant in West Virginia Is Poised to Store Gas - NYTimes.com
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Lonely Japanese find solace in 'rent a friend' agencies | World news | The Guardian

Lonely Japanese find solace in 'rent a friend' agencies | World news | The Guardian
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Sunday, September 20, 2009

Clegg: Hit the rich with a new tax on big homes - UK Politics, UK - The Independent

Mr Clegg insisted the moves were driven by a desire to tackle unfairness in the heart of the tax system. He said: "I actually think we have got a new mood which is not a punitive squeeze-the-pips-until-they-leave-the-country 1970s style, absolutely not.

"We celebrate success, we celebrate and support entrepreneurialism, people doing well, earning money. I have no problem with that. But I think everybody now in Britain recognises that one of the things that went wrong in the get-rich-quick, spend-today-don't care about tomorrow society that Labour presided over the last decade was that we didn't make Britain fair enough."


Clegg: Hit the rich with a new tax on big homes - UK Politics, UK - The Independent
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