‘Iraq war planned long before invasion’ PressTV Oct 5, 2010 Researcher Chris Ames, who helped secure the documents’ release under Freedom of Information laws, said: “The memo contradicts the evidence of other Chilcot witnesses, who said British collaboration with US war plans did not begin until the early summer of 2002”. Britain had been involved […]
Japan Goes From Dynamic to Disheartened New York Times By MARTIN FACKLER The Great Deflation Coping With Decline: This is the first in a series of articles that will examine the effects on Japanese society of two decades of economic stagnation and declining prices October 16, 2010 OSAKA, Japan — Like many members of Japan’s […]
Jim Leher interviewing Dick Cheney on January 14, 2009: LEHRER: On the economy you’ve been successful? CHENEY: We’ve been successful at intervening economically with respect to the financial crisis, in that what we did with respect to TARP by moving as aggressively as we did, that there is, in fact, positive progress. We stabilized, if […]
I am certainly not the first person to note the irony in Alan Greenspan’s Speech at the American Enterprise Institute in December 1996 [The Challenge of Central Banking in a Democratic Society]. He famously said: But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and […]
in the time of a Blind Courtier: revisited In the last episode [tales from the treasury: a summary…], I was discussing Alan Greenspan’s management of the Interest Rates during the first years of the Clinton Presidency. It was in the aftermath of the Recession that started in 1990. I’ve called it the crime scene previously: […]
Alchemy, Magi, & déjà vu This post can be skipped by the weak of heart, the mathematically challenged, or anyone who can sign commitment papers on the State of Georgia. I’ve been troubled by something simple on all of these graphs. It’s very hard for me to look at the DOW JONES Average as anything […]
The Foreclosure Crises New York Times Editorial October 14, 2010 … The White House may well be right that a moratorium would further rattle investors. But the economy is not going to rebound until the housing mess is resolved. What is needed, urgently, are laws and policies to give homeowners a better shot at reworking […]
Christian compassion requires the truth about harms of homosexuality Washington Post By Tony Perkins October 11, 2010 … However, homosexual activist groups like GLSEN [the Gay, Lesbian and Straight Education Network] are exploiting these tragedies to push their agenda of demanding not only tolerance of homosexual individuals, but active affirmation of homosexual conduct and their […]
Lack of proper mortgage paper trail could leave big banks reeling again Washington Post By Ariana Eunjung Cha and Jia Lynn Yang October 13, 2010 The federal government’s pressure on lenders Wednesday to fix the paperwork problems plaguing foreclosures left unaddressed a far greater potential threat facing the financial system and the U.S. economy. Beyond […]
the folly of a Wounded King Incumbent Vice President Richard Nixon lost the Presidential election in 1960 to John Kennedy by 0.1% of the popular vote. He was devastated, furious. He blamed his loss on the Chairman of the Federal Reserve, William McChesney Martin, for raising INTEREST RATES during the election season. After he was […]