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Today Commercial Paper, Tomorrow Moving Sales? Posted 07 Oct 2008 under Economy
The Federal Reserve Bank is certainly starting to come out of its shell: The Federal Reserve announced a radical new plan on Tuesday to jump-start the engine of the financial system. The Fed said in a statement that it would begin to buy large amounts of short-term debt in an effort to stimulate the credit markets, which [...]
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Holding A Mirror To Ma Palin (And Grandpa McCain) Posted 15 Sep 2008 under 2008 Presidential, Lipstick on a Pig, Media, St. John McCain
(1) Every day seems to bring a new slew of stories in major media outlets about Sarah Palin that make her look even more shallow and petty and dishonest and vindictive than she already looked before. The Sunday papers brought us long front-page stories from both The New York Times and The Washington Post. The NYT highlights Palin’s [...]
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All Market Orders Are to Be Written In Pig Latin and Delivered by Carrier Pigeon Posted 17 Jul 2008 under Bush Man Date, Economy
Securities covered by SEC short sale order - Reuters (7/15/08): The U.S. Securities and Exchange Commission issued an emergency order on Tuesday placing restrictions on the short selling of shares of certain major financial firms. The SEC’s order will require that anyone effecting a short sale in these securities arrange beforehand to borrow the securities and deliver [...]
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What Will Hillary Do Now? Posted 07 Apr 2008 under 2008 Presidential, Hillary
So Mark Penn has ended up getting it from both sides after meeting with the Colombian ambassador to the U.S. to help Columbia promote the free-trade agreement that Clinton opposes. Penn, of course, was Hillary’s senior campaign strategist, a position that requires, at a minimum, sound political judgment. If we are so rude as [...]
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A Conspiracy Directed By The Fed Posted 24 Mar 2008 under Bush Man Date, Corruption, Economy
(1) A funny thing is happening to that offer that JPMorgan made a week ago to take over Bear Stearns. Battered down by news of serious financial problems, Bear Stearns’ shares had closed at $30 the previous Friday, when JPMorgan Chase — whom no one should mistake for an old-fashioned robber baron bank — not [...]
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Can’t He Just Write A Prescription For Viagra? Posted 27 Feb 2008 under Economy, Podium Spin
The state of the economy, encapsulated in an AP report yesterday: No good news today on the economic front. Consumer confidence plunged, the wholesale inflation rate soared, the number of homes being foreclosed jumped, home prices fell sharply and a report predicts big increases in health care costs. And they go on to spell out each one [...]
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How To Cut Taxes, Get Rich, And Walk The Path Of The Golden Mean Posted 07 Jan 2008 under Economy, Media, Obama Uber Alles, Republican Clown Show
(1) Reducing Sales Tax, The Republican Way There are Republican governors in 22 states. Why are all these politicians not availing themselves of the opportunity, that is obviously made to order for Republican politicians, to cut their sales tax rate without reducing revenue? This is not voodoo economics, it is incontrovertible mathematical fact. [...]
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Reflections On Retroactive Immunity, Part 2 Posted 12 Oct 2007 under Bush Man Date, Corruption, War on Terror
If Nacchio can be trusted, then George Bush’s government was engaging in NSA surveillance of American citizens’ phone calls and internet usage well before al Qaeda’s attacks on the World Trade Center and the Pentagon.
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Rappers Goin’ Broke Tryin to Keep Up With Me Posted 21 Aug 2007 under Bush Man Date, Economy
“It’s nine five, i survive, hard shit is still real You know sex, money, drugs, death, the whole ordeal Murderers to kill, Alizé makes me ill Jump in my rocket to the moon, spark an L and just chill I got to own stocks and bonds, kid, just because i want ‘em And million dollar bidnesses with Darkman written on [...]
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Putting Paid To Rudy Giuliani’s Presidential Aspirations Posted 13 Aug 2007 under 2008 Presidential
Wayne Barrett has written a piece in the Village Voice about Rudee. If Rudee somehow still entertained any residual hopes of capturing the Republican nomination, this article should have put paid to them with absolute finality. In 6,758 hard-hitting words, Rudee’s trousers are surgically removed beyond any hope of re-covery. When [...]
