tagged w/ Global Economy Crisis
-
And so it begins ...
-
-
derk
-
added this
-
2 years ago
- |
-
The FDIC took control of four more FAILED banks this weekend bringing the total this year to 29.
The failure rate has surpassed last years total of 25 all within 4 months.
The Treasury Department is due to release the results of their "Bank Stress Test" within a week.
Where will the total number of Failed banks be after that?
Will there be a run on the banks?
Please read article and decide for yourself.
If this concerns you, please check out the BANKS topic thread here on CURRENT.
Please read and discuss-The FDIC took control of four more FAILED banks this weekend bringing the total this... more
-
-
Bringing the total SO FAR to 28 this year.
Just wait until the Treasury releases the "stress test" results....
All this while banks pop up around every corner like Starbucks.
Too much of anything can be a bad thing.
Prepare for the upcoming Dollar Crisis. Read the writing on the wall.
Please read article at link and discuss-Bringing the total SO FAR to 28 this year.
Just wait until the Treasury releases... more
-
-
Will this initiate the Dollar Crisis?
Prepare yourselves for harder times ahead.
Watch video and discuss-Will this initiate the Dollar Crisis?
Prepare yourselves for harder times ahead.... more
-
-
Safe sales rise as homeowners grow wary of banks and worry about crime.
Sales of home security safes have multiplied as homeowners worry about an increase in crime tied to the economic downturn and as confidence in banks and financial institutions wavers.
Several Denver security companies are reporting that sales of home security safes have doubled since the recession deepened last fall.
"With the economy not doing as well, people are scared of theft and are concerned about their house getting broken into," said Jennifer Wickhorst, an administrator with Englewood Lock and Safe. "Women want to lock up their jewelry, and people are using security safes for passports, checks and anything with personal information on it."
Read article at link-
Read and discuss-Safe sales rise as homeowners grow wary of banks and worry about crime.
Sales of... more
-
-
3/19/2009 Ron Paul on House Floor
Check out my great playlists!
This website is filled with some great information that everybody needs to see before giving their grandchildren's liberties to the Federal government:
http://www.youtube.com/user/shanklinmike3/19/2009 Ron Paul on House Floor
Check out my great playlists!
This website is... more
-
-
WASHINGTON - Federal regulators on Friday seized control of two large institutions that provide wholesale financing for U.S. credit unions, a move they say was needed to stabilize the credit union system.
The National Credit Union Administration said it has taken over and put into conservatorship the two corporate credit unions, U.S. Central Federal Credit Union, based in Lenexa, Kansas, and Western Corporate Federal Credit Union, in San Dimas, California. U.S. Central has about $34 billion in assets while Western Corporate, known as WesCorp, has an estimated $23 billion in assets.
A conservatorship enables the government to operate a financial institution. Corporate credit unions provide financing and investment services to the much larger population of retail credit unions. Some of the 28 corporate credit unions in the U.S. have sustained steep losses on paper from the depressed value of the mortgage-linked securities they hold.
The NCUA, which oversees some 7,800 federally insured credit unions, said it "will continue to take any and all steps necessary to preserve a well-functioning system of corporate credit unions and to protect the assets of (retail credit unions) and their members during the ... financial market dislocation."
End of Excerpt
Source: MSNBC
Photo Source: WikipediaWASHINGTON - Federal regulators on Friday seized control of two large institutions... more
-
-
Global stocks traded higher, as did the dollar against the euro, Thursday after the Federal Reserve's surprise announcement it would buy $300 billion in US Treasurys in order to help the ailing economy.
But experts tell CNBC they have concerns over the Fed's latest move and that the current national balance sheet is a disaster.
Technically, the U.S. is already "bankrupt" because it has a debt that is almost four times the size of its economy, says Puru Saxena, CEO of Puru Saxena Wealth Management. He tells CNBC that the U.S. is at risk of hyperinflation
Stephen Roach, chairman for Asia at Morgan Stanley does not view the Fed's plan to buy $300 billion worth of long-dated government debt as a constructive sign for prospects going forward.
The Fed pumping money into Treasurys won't help, says Martin Weiss, president of Weiss Research. He also discusses what can be done to turn the US economy around.
America is arrogant to deny their similarity to Japan's economy, says Stephen Roach, chairman for Asia at Morgan Stanley. He tells CNBC that the US economy is in a "zero-interest rate" mode, like Japan.Global stocks traded higher, as did the dollar against the euro, Thursday after the... more
-
-
I am sure someone will flame me for this, anyhow this is a visual from the God Channel which I think is rather cool!I am sure someone will flame me for this, anyhow this is a visual from the God Channel... more
-
-
The weekends' chat-shows had this rich-dude calling-out the importance of 'critical thinking' in our recent financial crises.
In a nutshell, Critical thinkers reflect-and-replace things-that-go-wrong with-stuff-that-actually-works...'got me screaming where-you-been-hiding all-my-life.
Also begs the question -- 'how can we apply lessons-learned here to avoid another messy-time from happening again?
'Brings me to this article by Kimberly Wickham: 'Philosophy as the Missing Link – An Eye-Opening Audit of Our School’s Curriculum.'
I remember studying Philosophy back in college -- (which is the study of general problems concerning matters such as existence, knowledge, truth, beauty, justice, validity, mind, and language) -- and felt my brain hurting, but in a good way...
The weekends' chat-shows had this rich-dude calling-out the importance of... more
-
-
Recession woes affecting what you wear??
With a bleak economy it got heads shaking, thinking pretty, yes...but wearable?? -- 'what could they possibly have been thinking? The economic crisis might have begun in the U.S. housing market, but it swiftly took on a global dimension. Don't they --(meaning the design houses) -- read the papers?' -- debates with video clip @ henrycruz.comRecession woes affecting what you wear??
With a bleak economy it got heads... more
-
-
While the rest of the world is facing a financial meltdown, the Iraq Stock Exchange is booming.
The ISX index soared nearly 40 percent during September, boosted by increasing confidence in security gains.
The ISX is only open two hours a day, three days a week and brokers track trading activity on the floor with colored markers and white bulletin boards instead of computers. But investors are seeing gains, especially in the hotel sector, even as markets elsewhere are taking a tumble.
While the rest of the world is facing a financial meltdown, the Iraq Stock Exchange is... more
-
-
If you buy a new car, it comes with an owner's manual.
If you buy a dresser from Ikea, instructions tell you how to put it together.
If you become the boss of a federal agency, good luck.
Jonathan D. Breul wants the next set of government managers to have more than luck. His 22 years at the Office of Management and Budget, rising to become the top career executive for management policies, taught him that the officials who come to town with any new administration need more than the on-the-job training they usually get.
So, now, in his current role as executive director of the IBM Center for the Business of Government, Breul and three colleagues -- Mark A. Abramson, John M. Kamensky and G. Martin Wagner -- have produced two how-to volumes for those who will run government agencies and their senior teams, including political appointees and civil servants.
IBM funds the 10-year-old center, which conducts practical research with an eye toward making the public sector more efficient. The two books, "The Operator's Manual for the New Administration," and "Getting it Done: A Guide for Government Executives," offer practical lessons in an accessible, nicely packaged, well-written form.
The books aren't very long, which is a good thing. Each is less than 200 pages and they are organized in a way that allows readers to jump from topic to topic in order of interest. Bureaucracies run on memos and the authors creatively use that model to the reader's advantage. Each chapter of "The Operator's Manual" begins with information in memo form. For example, chapter three begins:
"Memorandum for the heads of executive departments and agencies
Subject: People"
Under the heading "develop effective relationships," the memo advises the new bosses: "It is crucial that you develop a good working relationship with your own employees. . . . Based on the experience of many previous agency heads in government, spending an appropriate amount of time with your union representatives to forge an effective working relationship can be beneficial."
Innovation, a topic too often overlooked in management discussions, has a chapter that encourages executives to "recognize that employees, especially those who are on the front line of your organization and who regularly deal with your agency's customers, often are the source of innovative services that can benefit your customers."
The companion to "The Operator's Manual" is "Getting it Done." It begins with a "to do" list of six items, including learning what actions must be taken quickly and assembling a political/career team.
If you buy a new car, it comes with an owner's manual.
If you buy a dresser... more
-
-
-
Hillary has been crisscrossing the country campaigning for Senators Barack Obama, Joe Biden as well as Democrats up and down the ballot. Look at some great moments from her speech on what is at stake in this election and how we cannot afford more of the same.
Hillary has been crisscrossing the country campaigning for Senators Barack Obama, Joe... more
-
-
The Federal Reserve and a consortium of European central banks today announced a half a point cut in a key interest rate, a coordinated effort to stave off an economic slump even as they continue struggling to tackle a crisis in global financial markets.
The announcement reversed sharp losses in European stock markets and buoyed U.S. market futures that were pointing towards another troubled day on Wall Street.
The rate cuts, hinted at by Fed chairman Ben S. Bernanke yesterday then approved by the central bank overnight, reduces the target federal funds rate to 1.5 percent from 2 percent.
Joining the rate cut were central banks in Canada, England, Sweden, Switzerland and the European Central Bank.
With commodity prices falling and concerns about an economic slowdown taking root around the globe, the Fed in a statement said that it was now time to shift the focus from fighting inflation to bolstering growth. Lower interest rates make it cheaper for companies to borrow to invest in plant and equipment, and bring down the cost of a variety of consumer credit options such as bank credit cards and auto loans.
The Federal Reserve and a consortium of European central banks today announced a half... more
-
-
Stephani Smith's Maui-based healthy meals delivery company had been thriving since 2004, but needed financial assistance to expand its marketing efforts and Web exposure.
"I was the type of business that in times like this people have to cut out," she explains. "More and more people had to let go of the convenience we offered to save money and instead make their own dinners, pack their own kid's lunches, do their own grocery shopping and eat less organically."
Stephani Smith's Maui-based healthy meals delivery company had been thriving... more
-
-
For many years, investors took it on faith that a portfolio of big blue-chip stocks - chockfull of familiar names like General Electric (GE, Fortune 500) and Coca-Cola (KO, Fortune 500) - was the surest path to investing success.
Why get cute with complicated stuff like foreign equities or small-cap shares when you could invest in well-known, industry-leading companies, sleep well at night and watch your portfolio steadily grow?
For many years, investors took it on faith that a portfolio of big blue-chip stocks -... more
-
-
'Unsustainable' prices for cereal and other foods could moderate soon, experts say, but get ready to pay more for meat'Unsustainable' prices for cereal and other foods could moderate soon,... more
-
-
Experts are cautiously optimistic that the massive federal bailout of the nation's financial sector will solve the credit crisis that hit Wall Street this week.
But questions remain about whether it will prevent more failures of banks and Wall Street firms and many doubt this will lead to a quick turnaround for the battered housing market.
The broad outlines of the plan call for the federal government to buy hundreds of billions of dollars' worth of mortgage assets held by banks, Wall Street firms and other financial institutions.
Those securities were backed by home loans, many made to buyers with bad credit or without proof of income. As housing values fell and foreclosures shot to record levels in the past two years, the value of those securities plunged. That in turn caused massive losses in the financial sector.
This week it reached a crisis situation. Banks and investment firms stopped making the loans to each other as they hoarded cash to protect against any sudden liquidity crunch as well from unknown problems on their partners' balance sheets.
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke won support for the bailout plan from Congressional leaders in a meeting Thursday night.
Friday morning, Paulson said he'll be working through the weekend with those on Capitol Hill to hammer out legislation that could go for a vote as soon as next week.
"I am convinced that this bold approach will cost American families far less than the alternative -- a continuing series of financial institution failures and frozen credit markets unable to fund economic expansion," Paulson said Friday. "I believe many members of Congress share my conviction."
Word of the plan first leaked Thursday afternoon, causing a massive rally in stocks at the end of the day that carried over into Friday. Several economists also praised the move.
"I'm confident this will work," said Mark Zandi, chief economist with Moody's Economy.com. "The federal government is committed to backstopping the nation's financial system and will do whatever is necessary to make sure the system does not unravel. The details are important but secondary."
The plan also won support from presidential candidates John McCain and Barack Obama. Zandi is an informal economic advisor to the McCain campaign.
Experts are cautiously optimistic that the massive federal bailout of the... more
-
