by James Flannery Screw You Haikus, Take Two Bubba in Ford Truck made by Percy in Detroit barks, “buy American!” Percy in Nissan made by Bubba in Dixie scoffs, “Fords really suck!” The end of NASCAR— that might turn Alabama blue in a hurry Clinton, born Redneck, sought to feign the aristocrat revealed a Redneck […]
by cactus Caught Between the Union Incompetence and Management Incompetence I was just talking to my Dad. He had an interesting take on the whole Big 3 bail-out, and I figured I’d try to pass along what he said as best I can: When I was 18, I was elected a union representative. This was […]
DECEMBER 14-20, 2008 Key economic news, data, reports, and other information in the rapidly changing economy. Your suggestions and links in comments will be updated periodically in the main post. ANGRY BEAR’S ECONOMIC ROUNDUPDECEMBER 14-20, 2008 Economic Forecast This week Economic Forecast Next week FRBNY National Economic Indicators Calendar AFP ECON WATCH: Brief Overview of […]
rdan GAO states in a press release today: Demonstrates Significant Problems Some Major Agencies Fail to Garner ‘Clean Opinions’;Problems Make it More Challenging for Informed Decisions WASHINGTON (December 15, 2008) – For the 12th year in a row, the U.S. Government Accountability Office (GAO) was prevented from expressing an opinion on the consolidated financial statements […]
Forty years ago, in 1968, an American major after the battle of Ben Tre in Viet Nam was quoted by Peter Arnett as having declared, “It became necessary to destroy the town to save it.” Now, we have the contemporary version, from U.S. President George Walker Bush: “I’ve abandoned free-market principles to save the free-market […]
by divorced one like Bush Honda has done some math, Honda Motor Co. now expects 185 billion yen ($2.06 billion) in group net profit for the fiscal year ending March 31, 2009 — less than a third of the 600 billion yen it earned last fiscal year.For every yen the dollar declines, Honda loses about […]
Canadian Conservatives on the Subprime Bandwagon Noni Mausa From the Canadian newspaper of record, the Globe and Mail, the Saturday, Dec 13 edition. Apparently, like Mary and her little lamb, wherever neo-conservatives go, subprime is sure to follow. Emphases are mine: ============ SPECIAL INVESTIGATION How high-risk mortgages crept northJACQUIE MCNISH AND GREG MCARTHUR December 13, […]
Anyone have a link to the actual Debt Audit Commission report that has Ecuador deciding to default on its illegal debt? None of the news sites that talks about it seems to know of a copy on the web. (Spanish ok, English preferred.)
by cactus Inflation, Deflation… Where The Heck Are We Going? Some folks are telling we are going to have deflation, what with the economy contracting and the vast disappearance of tons of cash through the implosion in value of assets that weren’t really worth what Goldman, Welfare, Queen & Sachs and the rest of ’em […]
rdan (Posted a little late but for comment on the usefulness of such a post pinned to the top when I figure out how. Please comment on the potential and how you would add to the service. Much of the post would be below the fold is one thought, but is above this time for […]