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Trouble in Hillaryland
What seemed like a sure bet, doesn't appear so anymore. This is no longer speculation, that Senator Clinton's presidential campaign is in trouble--it is fact. From Newsweek of all places: A senior Democratic senator fretted in a holiday receiving line that "this celebrity...Map: How Iran Feeds Iraq Iinsurgency
Iran is actively killing our soldiers world-wide, is developing ballistic technology, enriching uranium, and threatening to "Wipe Israel off the Map." Why study History? We are doomed to repeat the horrors of it. WWIII redux. From the Long War Journal: Iran's...‘Snooty’ bankers blamed for crisis
From the Financial Times: The “snooty” attitude of bankers and financiers who thought they were cleverer than everyone else is largely to blame for the global credit squeeze “disaster”, Germany’s finance minister has said. In an interview with the Financial...Our Financial Institutions may Implode
And according to the Wall Street Journal, the "Rich" well they just "Don't Trust Their Advisers." The wealthy should be relying more than ever on their financial advisers. Investing, especially for the rich, has become ever more complicated. The well-heeled used to be...Now is the biggest transfer of wealth from the poor and middle class to the a...
Goldman says the Cost Of The Crunch Is $2 Trillion. The firm's economic team put a $2 trillion price tag on the ultimate economic cost of the credit crunch, including $400 billion in losses directly tied to mortgages--well north of recent estimates by economists,...Welcome to America, Home of “The Speculation Economy”
From the Wall Street Journal: With the financial world still in relative chaos, it’s time to take stock of some basic questions. Here are a couple: Is Wall Street doing more harm than good right now? How did...
Saudi FM Saud al-Faisal warns US dollar could collapse if OPEC considers Alte...
The warning was overheard at an oil producing countries’ session Riyadh over an open microphone in a private meeting in reply to a proposal from Venezuela and Iran to discuss a currency basket for pricing crude. Prince Saud said: “My feeling is that the mere mention that... Log On to E*Trade. Sell E*Trade.
The Wall Street bloodbath gains more momentum; just when you thought it was "safe" to breathe--a metaphor, to be sure--no offense, Mr. Al Gore: E*Trade Financial shares hit rock bottom at the open, and have since...Subprime Losses May Reach $400 Billion, Analysts Say
Subprime Losses May Reach $400 Billion, Analysts Say Not very good "risk management."The theory of risk management is essentially that the more risk that you encounter, the more money that you may...A GIANT STEP: DOZENS OF CLONED EMBRYOS FROM ADULT MONKEYS
Is it me, or do I find this news ironic, in that we allegedly evolved from monkeys. You gotta laugh, if you've seen the Geico Caveman commercials, and then read this. From the Independent Co.,...Experts Say Suitcase Nuke a Myth
Duh! Anybody who has any working knowledge of nuclear weapons knows that always referred to mounting a nuclear weapon on a mobile trajectory, such as a car, truck, bus, and using ballistic capabilites. Nobody sans a few experts have that expertise.Italian police kill football fan
From BBC News: The irony is almost karmic—and the Europeans claim that Football in the United States is "too violent." Go figure……………………… A football fan has been shot dead by police during a fight between rival supporters in Italy, officials say....Why Supermodel Bundchen. Hedge Funds Dumping Dollars, China’s plans, and Fr...
Supermodel Bundchen Joins Hedge Funds Dumping DollarsGisele Bundchen wants to remain the world's richest model and is insisting that she be paid in almost any currency but the U.S. dollar.Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who... The “Daisy Chain Effect” on our Financial System
How big Financial Firm’s Bad Performance gets RewardedDid you hear the one about an analyst telling the truth about Citibank’s dismal risk exposure and being blamed for a $369 Billion Dollar downturn?So much for the demise of the equity research analyst’s... Our Capital Markets need More Regulation, not Less
Merrill Lynch engaged in deals with hedge funds that may have been designed to delay recognition of losses from mortgage securities. The SEC is likely to investigate. Merrill shares tumbled more than 9%.What other skeletons are in their closet? Isn't this shameful?We have...
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