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Tracking the next pandemic: Avian Flu Talk

Economy

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LaRo View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: April 18 2008 at 7:24am
That write down by Citi group was good news, look how the stock market reacted today.  Maybe JPMorgan can write off 30 billion or something like that and the market will certainly go up at least 1000 points. 

In your wildest dreams, do you think anyone thinks this is a good time to buy stock.  I'm sure the group in washington is busy buying stocks, causing a false rise in the market.  And remember the Fed can just add all the money they want to any account and buy all the stock necessary to force the rise in the market. 

We must be looney to believe this is good news.
r we there yet?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: April 18 2008 at 7:37am
Originally posted by LaRo LaRo wrote:

That write down by Citi group was good news, look how the stock market reacted today.  Maybe JPMorgan can write off 30 billion or something like that and the market will certainly go up at least 1000 points.  In your wildest dreams, do you think anyone thinks this is a good time to buy stock.  I'm sure the group in washington is busy buying stocks, causing a false rise in the market.  And remember the Fed can just add all the money they want to any account and buy all the stock necessary to force the rise in the market.  We must be looney to believe this is good news.


Totally AGREE! Something is wrong because banks are doing this huge writeoffs, Oil is the highest and going higher, people are losing jobs, home building of coures is way off, and the fed is trying to get people to invest in the stock market by keeping interest rates very low. Something is wrong here!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: April 18 2008 at 7:47am
EXACTLY! How long can this game keep going on before the bottom falls out? I would think that the bandaids are going to start losing their adhesion after a while!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote July Quote  Post ReplyReply Direct Link To This Post Posted: April 19 2008 at 7:47am
Food shortages may spark war, IMF warns
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REUTERS/EDUARDO MUNOZ
Demonstrators form a barricade in the town of Les Cayes, Haiti April 7, 2008 during demonstrations over rising food prices.
 
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Apr 18, 2008 07:43 AM
THE ASSOCIATED PRESS

PARIS – The head of the International Monetary Fund warned Friday that soaring world food prices can have dire consequences, such as toppling governments and even triggering wars.

Dominique Strauss-Kahn told France's Europe-1 radio that the price hikes that set off rioting in Haiti, Egypt and elsewhere were an "extremely serious" problem.

"The planet must tackle it," he said.

The IMF chief said the problem could also threaten democracies, even in countries where governments have done all they could to help the local population. Asked whether the crisis could lead to wars, Strauss-Kahn responded that it was possible.

"When the tension goes above and beyond putting democracy into question, there are risks of war," he said. "History is full of wars that started because of this kind of problem."

Strauss-Kahn was appointed last year to head the IMF. He was a finance minister in the late 1990s in France.

Also on Friday, French President Nicolas Sarkozy suggested a global partnership among financial institutions, governments and the private sector to tackle the reasons for rising food prices. He also said France is doubling its food aid budget this year to $159 million because 37 countries are experiencing "serious food crises."

Globally, food prices have risen 40 per cent since mid-2007. The increases hit poor people hardest, as food represents as much as 60-80 per cent of consumer spending in developing nations, compared with about 10-20 per cent in industrialized countries, the UN's Food and Agriculture Organization has said.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote July Quote  Post ReplyReply Direct Link To This Post Posted: April 20 2008 at 1:41pm

OPEC chief: Oil prices would go higher regardless of supply

By MARIA GRAZIA MURRU – 1 hour ago

ROME (AP) — OPEC Secretary-General Abdullah el al-Badri said Sunday oil prices would likely go higher and that the group was ready to raise production if the price pressure was due to a shortage of supply — something he doubted.

"Oil prices, there is a common understanding that has nothing to do with supply and demand," al-Badri said on the sidelines of an energy conference in Rome.

Oil prices reached a new high Friday at $117 a barrel.

A host of supply and demand concerns in the U.S. and abroad, along with the dollar's weakness, have served to support prices, even as record retail gasoline prices in the U.S. appear to be dampening demand. Crude prices have risen as much as 4 percent last week.

The OPEC chief said the Organization for Petroleum Exporting Countries "will not hesitate" to increase production if the group thought the higher prices were due to shortages. But he said more oil will not solve the high prices.

OPEC's production levels were just one of many factors, he said.

"But how much higher it will go, of course it depends on a number of things: the political situation, whether there is a natural catastrophe, whether there are speculations in the market, whether there are strikes in certain producing countries. So there are many other factors other than OPEC production," al-Badri said.

The Associated Press

 

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LaRo View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: April 21 2008 at 8:56am
http://www.cnbc.com/id/15840232?video=699856105&play=1

I assume we the tax payers will be the ones who provide the bail out for Bear Stearns and every other wall street bank that gets in trouble.
r we there yet?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote quietprepr Quote  Post ReplyReply Direct Link To This Post Posted: April 21 2008 at 9:40am
Originally posted by LaRo LaRo wrote:

http://www.cnbc.com/id/15840232?video=699856105&play=1

I assume we the tax payers will be the ones who provide the bail out for Bear Stearns and every other wall street bank that gets in trouble.
You are correct. You cannot expect all those billionaires and corporations to take the entire loss. I bet before its all done the taxpayers will be soaked for hundreds of billions in bailouts and get nothing in return. 
"Learning is not compulsory... neither is survival." - W. Edwards Deming
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I WAS EMAILED THE SLOUTION TO ALL OUR PROBLEMS:

               545 People .



      By Charlie Reese --



      Politicians are the only people in the world who create problems and then campaign against them.



      Have you ever wondered why, if both the Democrats and the Republicans are against deficits,           we have deficits?



      Have you ever wondered why, if all the politicians are against inflation and high taxes, we have inflation and high taxes?



      You and I don't propose a federal budget. The president does.



      You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does.



      You and I don't write the tax code, Congress does.



      You and I don't set fiscal policy, Congress does.



      You and I don't control monetary policy, The Federal Reserve Bank does.



      One hundred senators, 435 congressmen, one president and nine Supreme Court justices - 545 human beings out of the 300 million - are directly, legally, morally and individually responsible for the domestic problems that plague this country.



      I excluded the members of the Federal Reserve Board because that problem was created by the Congress.



      In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered but private central bank.



      I excluded all the special interests and lobbyists for a sound reason. They have no legal authority.



      They have no ability to coerce a senator, a congressman or a president to do one cotton-picking thing.



      I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes.



      Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.



      What separates a politician from a normal human being is an excessive amount of gall.



      No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits.



      The president can only propose a budget.



      He cannot force the Congress to accept it.



      The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes.



      Who is the speaker of the House?



      She is the leader of the majority party.



      She and fellow House members, not the president, can approve any budget they want.



      If the president vetoes it, they can pass it over his veto if they agree to.



      It seems inconceivable to me that a nation of 300 million can not replace 545 people who stand convicted -- by present facts - of incompetence and irresponsibility.



      I can't think of a single domestic problem that is not traceable directly to those 545 people.



      When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.



      If the tax code is unfair, it's because they want it unfair.



      If the budget is in the red, it's because they want it in the red.



      If the Marines are in IRAQ, it's because they want them in IRAQ.



      If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way.



      There are no insoluble government problems.



      Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power.



      Above all, do not let them con you into the belief that there exists disembodied mystical forces like 'the economy', 'inflation' or 'politics' that prevent them from doing what they take an oath to do.



      Those 545 people, and they alone, are responsible.



      They, and they alone, have the power.



      They, and they alone, should be held accountable by the people who are their bosses - provided the voters have the gumption to manage their own employees.



      We should vote all of them out of office and clean up their mess!



                                                                              -



      Charlie Reese is a former columnist of the Orlando Sentinel Newspaper




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Post Options Post Options   Thanks (0) Thanks(0)   Quote H2HPrep Quote  Post ReplyReply Direct Link To This Post Posted: April 21 2008 at 2:32pm

Crude Oil Rises Above $117 as Attackers Cut Nigerian Supply

April 21 (Bloomberg) -- Crude oil in New York rose to a record above $117 a barrel after attacks cut Nigerian output and the dollar dropped against the euro.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote H2HPrep Quote  Post ReplyReply Direct Link To This Post Posted: April 21 2008 at 2:34pm
Oil and Gasoline Prices Continue Their Climb
 

Oil jumped to a record on Monday, and gasoline prices rose above $3.50 a gallon for the first time across the nation, according to AAA, the automotive group, as fears about energy supplies and a falling dollar drove prices to new records.

Whole story: http://www.nytimes.com/2008/04/21/business/21cnd-oil.html?ref=business
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: April 22 2008 at 11:08am
CALIFORNIA MELTDOWN: Foreclosures up 327% from '07 levels... drudge
Long time lurker since day one to Member.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote quietprepr Quote  Post ReplyReply Direct Link To This Post Posted: April 22 2008 at 12:28pm
Originally posted by coyote coyote wrote:

CALIFORNIA MELTDOWN: Foreclosures up 327% from '07 levels... drudge
I see it all around me...empty homes, for sale signs that never seem to come down...
"Learning is not compulsory... neither is survival." - W. Edwards Deming
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Post Options Post Options   Thanks (0) Thanks(0)   Quote PrepGirl Quote  Post ReplyReply Direct Link To This Post Posted: April 22 2008 at 12:44pm
With the oil prices being so high.  Food prices. Pending pandemic possibley. And god knows what else.  I prep for anything at this point.
 
all those down coats you got could all be turned into a nice down blanket just stuff squares sew them together and you got yourself a nice down quilt.
 
Down guilts are expensive to buy.  But think of all those old down jackets at the thrift shop.
and are warm when the heat is out.
PrepGirl
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: April 22 2008 at 3:55pm
Laro, not We the People, we the taxpaying slaves, and its not just here its around the world...sweat equity
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LaRo View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: April 24 2008 at 10:39am
http://www.kitco.com/ind/Ruff/ruff_apr212008.html

Ruff times ahead.
r we there yet?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Littleraven Quote  Post ReplyReply Direct Link To This Post Posted: April 24 2008 at 12:05pm
I feel like a renter in my own country and the bureaucrats who we placed in charge of this country have become the landlords---correction slumlords.  Apparently slavery hasn't really been outlawed--just white-washed and the paint is peeling.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote quietprepr Quote  Post ReplyReply Direct Link To This Post Posted: April 24 2008 at 2:12pm
The politicians are slaves to the corporate interests that fund their campaigns for millions of dollars. What voice do we have? NONE!
"Learning is not compulsory... neither is survival." - W. Edwards Deming
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Littleraven Quote  Post ReplyReply Direct Link To This Post Posted: April 24 2008 at 8:09pm
Agreed and some are one in the same---Monsanto is a great example of this.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote July Quote  Post ReplyReply Direct Link To This Post Posted: April 29 2008 at 10:41am
Bush Presses Congress on Economy
Stephen Crowley/The New York Times

President Bush during a news conference in the Rose Garden of the White House on Tuesday.

Published: April 30, 2008

Seeking to ease growing concerns about the weakening economy, President Bush on Tuesday called on Congress, with whom he has battled all year, to introduce broad new measures that would lower food and energy prices, stem the mortgage crisis and reduce what he called lavish subsidies to farmers.

Skip to next paragraph
Stephen Crowley/The New York Times

President Bush after a news conference in the Rose Garden of the White House on Tuesday.

Speaking at a news conference in the White House Rose Garden Tuesday morning, President Bush issued a sweeping indictment of the Democratic-led Congress, essentially blaming the sputtering economy on what he characterized as the House’s failure to propose “sensible” bills that he could sign into law. Time and again, President Bush said in his opening remarks and in answers to reporters’ questions, he has urged members of Congress to help solve the problems of rising energy prices, tougher access to student loans and the collapse of the subprime mortgage industry.

“On all these issues, the American people are looking to their leaders to come together and act responsibly,” he said. “I don’t think this is too much to ask even in an election year.”

“I have asked Congress to do its part by sending me sensible and effective bills that I could sign,” he said. “Instead they’re sending me bills that look like political statements.”

Pressed to characterize the state of the economy, President Bush refused to say the nation was sliding into recession, and said that many Americans were just beginning to receive their stimulus checks. Mr. Bush said that it would be some time before the effects of those checks on the economy were clear.

“The words on how to define the economy don’t reflect the anxiety the American people feel,” he said. “The average person doesn’t care what we call it. The average person wants to know whether or not we know that they’re paying higher gasoline prices, and they’re worried about staying in their homes, and I do understand that.”

Moments after the president spoke, a group of Democrats shot back in a news conference on Capitol Hill, calling the president out of touch and saying he continues to block their proposals while offering impractical solutions. Senator Charles Schumer of New York led the charge, mocking the president’s assertion that he was open to working with Congress, and listing several proposals that the Bush administration shot down.

“The truth is that the president has closed his eyes and put his hands over his ears as these crises have grown,” he said. “Until very recently, we heard the president say ‘Don’t worry, be happy, everything is going to be just fine.’ Now all of a sudden he’s realizing the problems, and yet the president and the White House have repeatedly ignored repeated shots across the bow of our economy.”

At times sounding weary and frustrated as he delivered his speech, Mr. Bush laid out a litany of complaints against Congress, as he has done often in his final year as president, and said he had suggested a number of solutions that were repeatedly shot down. As gas prices have soared in the past year — as much as $4 a gallon in some parts of the country after rising as much as $1.40 per gallon on average since last year — the Bush administration has called on Congress to allow increased oil exploration in the Arctic national wildlife refuge, or ANWR, and the construction of new oil refineries on abandoned military bases. The solutions he has proposed, Mr. Bush said, would allow the United States to produce as much as 27 million gallons of gasoline and diesel a day.

“Many of the people in Congress who complain about high energy costs support legislation that would make energy even more expensive,” he said. These members of Congress, he said, want to impose “new and costly mandates on producers, and demand dramatic emissions restrictions that would shut down coal plants.”

President Bush then pinned the problem of rising food prices largely on Congress, saying it was considering a “massive, bloated” farm bill that would fail to eliminate subsidy payments to “multimillionaire” farmers. With the nation’s farm economy thriving, the president argued, it is time for Congress to reduce lavish farm subsidies that translate to higher taxes for average Americans.

Mr. Bush said he had also urged Congress to pass legislation that would help address problems in the housing market by modernizing the Federal Housing Administration, reforming the Fannie Mae and Freddie Mac loan agencies, and allowing state housing agencies to issue tax free bonds to refinance subprime loans.

“Yet they failed to send a single one of these proposals to my desk,” he said. “Americans should not have to wait any longer for their elected officials to help more families stay in their homes.”

In his remarks on Capitol Hill, Mr. Schumer took particular issue with Mr. Bush’s characterization of the energy crisis, saying that the president’s proposed solution of drilling in ANWR would reduce the price of oil by a single penny in 20 years. During that time, Mr. Schumer said, Americans would continue to pay higher gas prices at the pump, while profits for oil companies would soar.

“We have a comprehensive plan that would bring oil prices down in both the short and long run,” he said.

“While the president is standing idly by, proposing irrelevant solutions to a national and international crisis,” he added, “Shell and BP announced record profits for the first quarter in 2008. Whose side is the president on?”

 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: June 10 2008 at 11:39am

As the article points out, when the housing market fall this will effect all of us who are in service industries. Mentioned were contruction, plumbing, electrical, household goods, white goods, but in reality this will touch all consumers in the pocket book and their livlihoods. The banks will fail, the mom and pop resturants, smaller discount stores, luxery items will become dormant on show room floors, etc.  Cry

 
Folks, England is just the tip of what will happen in the USA. Get ready, make those repairs and get prepared to buckle down. The next two years will be unlike anything most of us have never experienced. It will be tough. Take your tips from AFT. Ask questions. Make your plans. Annie
 

England: Double whammy for home owners as thousands face negative equity and mortgage costs hit 8-year high

By Daily Mail Reporter Last updated at 3:34 PM on 10th June 2008

snips:  Home owners were hit by a double whammy today (June 10, 2008)as thousands were warned they faced the spectre of negative equity while new figures revealed fixed-rate mortgage costs have leapt to an eight-year high.

...The average cost of some fixed-rate deals reached an eight-year high last month as lenders continue to ratchet up their costs because of falling prices.

For%20sale

Looming crisis: More than 23,000 people are facing negative equity because of plummeting house prices

Their figures came as separate Council for Mortgage Lender statistics suggest thousands of homeowners are facing a negative equity crisis.

Data from the CML show at least 23,200 people bought houses or flats with no deposits before the end of March this year.

With the decline in house prices, the majority of these are likely to end up with a home that is worth less than the loan they borrowed to buy it.

...In a triple whammy for homeowners already facing plummeting house values and rising mortgage costs, selling up is now the hardest it has been for the last 30 years.

...Soaring property values have seen banks increasingly willing to offer 100 per cent morgages because the risk of them not getting their money back is so low.

...Separate housing figures published today show the homeowners trying to sell their property face the toughest battle to find a buyer in 30 years.

...Estate agents described the property market as 'dreadful' and 'very bleak' and suggested that worse may still be to come.

...The number of different loans available has collapsed from 15,600 before the credit crunch struck in July to only 3,600.

...'The property industry will not be the only casualty in the fall-out from the credit crunch, with the high-street and purveyors of a range of household goods, including furniture and white goods also feeling the pinch.

Construction workers such as plumbers and bricklayers will start to see job opportunities dry up as the pace of housing transactions continues to abate.

Estate agents themselves are being badly hit, with predictions of around 15,000 losing their jobs this year.

...only 'hot spot' left is homes costing £10million or more, where prices are still rising. Super-wealthy buyers, often foreigners making money from soaring oil prices, do not need a mortgage.

...The consultancy Global Insight said it now expects prices to fall 12 per cent in both 2008 and 2009.

It had initially predicted falls of seven per cent this year and nine per cent in 2009.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: June 11 2008 at 3:23am
Police: Things get ugly at California gas pumps...

Airlines in frenzy to save on fuel...

OPEC Chief appeals for calm...

Russia monopoly predicts oil 'will reach $250'...

Drudge Report
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