It began as a sub-prime surprise, then became a credit crunch and is now a global financial crisis. At last week’s World Economic Forum at Davos there was much retrospective finger-pointing—Russia and China blamed America, everyone blamed the bankers, the bankers blamed everyone—but little in the way of forward-looking ideas. From where I was sitting, the majority of attendees were still stuck in the Great Repression: deeply anxious, but fundamentally in denial about the nature and magnitude of

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Citigroup plunged 39% on Friday to $1.50, a price last seen in 1992. The plunge was in response to a Citigroup U.S. Accord on a Third Bailout that will convert the government’s preferred shares to common, thereby diluting existing common shareholders and exposing US taxpayers to more losses. Citigroup Inc. and the federal government agreed to a third rescue that will give U.S. taxpayers as much as 36% of the bank but expose their ownership stake to greater risk from the recession and housing

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Hard times in Omaha for the avuncular billionaire as even he gets caught up in the powerful grip of the financial crisis and bear market. And Mr Buffet describes the economy this year as a shambles and does not paint an especially appealing portrait of the future. Also a link to a story which will explain my headline.

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Dirty Harry Reid and San Fran Nancy Pelosi in bed seeking to thwart Eric Holder and the rest of the obamanite’s? Actually supporting the Second Amendment based upon the Constitution? I’m somewhat dazed and it’s been fully a half hour since checking an RSS feed that almost makes it appear that the democrat congress is siding with the National Rifle Association. I’m still waiting for a Gun Owners of America situational analysis, and as we all have learned based upon the collective histories of the

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While partaking in the hotel’s free breakfast this morning, I saw a news report on the various tea parties held Friday to protest the feds’ stimulus plan. Since I was a captive audience (read: there was a sign asking guests to not remove food from the breakfast room), I got to thinking (always a dangerous thing). Whether or not the government should attempt to stimulate the economy is a philosophical discussion beyond  my area of expertise.  In my mind, a successful stimulus just spreads s

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Criminal Banks and Brokers Continue To Ply Their Trade… Richard J. Greene What ever would possess intelligent professionals such as those running the finances of major financial institutions to leverage their equity 88 to one in the case of Citigroup and 134 to one in the case of Bank of America? JP Morgan’s credit exposure to financial derivatives, (financial weapons of mass destruction) at last glance exceeded 400 to 1! An undergraduate student with average intelligence would clearly see t

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This page lays out the Melbourne Cinémathèque calendar in one complete list, with film synopses.To view the list without film synopses, check out the summary list.To view screenings using drop-down lists according to special seasons, titles or dates, check out the Melbourne Cinémathèque website.FEBRUARY 11OPENING NIGHT7:00 BIGGER THAN LIFE Nicholas Ray (1956) 95 mins PGA terminally ill schoolteacher (James Mason) is prescribed a wonder drug, becomes hooked & descends into a paranoid nightmare. B

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Author: Gloria O. Pasadilla, PIDS September 2008 might well be considered the most traumatic period in recent financial history, with shocking unfolding one after the other. The US government-sponsored enterprises, Fannie Mae and Freddie Mac, went into conservatorship. AIG appealed to the US Federal Reserve Bank for a bailout. Wall Street stock prices plummeted. Financial titans like Merrill Lynch and Bear Stearns sought cover from the white knights, Bank of America and JP Morgan Chase, to avo

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C onsumers of legal services won’t find much information online or at their public library to help them keep their costs down when they hire a lawyer.  Some websites or firms might hawk their own services or materials as being a great value, or as an option far cheaper than using a lawyer, but almost no one — including bar associations and consumer groups — has compiled general tips on how to make legal services less expensive when you turn from prospective consumer to client.   Therefore, when

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The proposed budget by the Obama admin is at least as convoluted as the newly enacted stimulus. It passed in the House, but now faces the Senate. And again, what’s actually in it keeps seeping out at a rate slower than Congress acts… in other words, we’re likely to find this law before any one entity or media can actually pour thru all the BS and pork. And one of those issues is the redefinition of “charity”, Obama style. By reaching so broadly with his $4 trillion 2010 budget plan,

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