Comments on: Links 11/18/08 http://www.nakedcapitalism.com/2008/11/links-111808.html Sun, 22 Nov 2009 02:09:47 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/11/links-111808.html#comment-26211 Anonymous Wed, 19 Nov 2008 07:45:00 +0000 http://www.nakedcapitalism.com/2008/11/links-111808/#comment-26211 Only place to put this.<br/><br/> http://www.reuters.com/article/newsOne/idUSTRE4AI11B20081119<br/><br/>Texas grand jury indicts Dick Chenny and former attorney Genrael Alberto Gonzalesof crime.<br/><br/><br/>Skippy Only place to put this.

http://www.reuters.com/article/newsOne/idUSTRE4AI11B20081119

Texas grand jury indicts Dick Chenny and former attorney Genrael Alberto Gonzalesof crime.

Skippy

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/links-111808.html#comment-26187 Anonymous Tue, 18 Nov 2008 23:38:00 +0000 http://www.nakedcapitalism.com/2008/11/links-111808/#comment-26187 Fred, thanks for the link to squeek blab discussing the PPT. Interesting, to say the least. The talking heads did not want to admit that the PPT even exists! <br/><br/>This sort of MSM non coverage is why I do not watch the talking heads. They immediately labled their guest as 'promoting a conspiracy'...and shouted down any attempt at explanation. Fred, thanks for the link to squeek blab discussing the PPT. Interesting, to say the least. The talking heads did not want to admit that the PPT even exists!

This sort of MSM non coverage is why I do not watch the talking heads. They immediately labled their guest as ‘promoting a conspiracy’…and shouted down any attempt at explanation.

]]> By: doc holiday w/ Tears of Joy http://www.nakedcapitalism.com/2008/11/links-111808.html#comment-26185 doc holiday w/ Tears of Joy Tue, 18 Nov 2008 22:23:00 +0000 http://www.nakedcapitalism.com/2008/11/links-111808/#comment-26185 I agree that this is a metaphor related to financial regulation. There are barriers that need to be in place, because there are that hunt for victims and abuse relationships. The nature of a predator is to hunt and take advantage of opportunity, but if the predators become wild and crazy to the point of being rabid, society has to group together to keep the mad wolves at bay and protect the chicks who may be preyed upon..<br/><br/>Hallalejuah<br/><br/>See, hear & feel a great song for The Church Of Financial Redemptions and Social Justice<br/><br/>Sheryl Crow Hallelujah<br/>http://www.youtube.com/watch?v=nWDfH51gvc0 I agree that this is a metaphor related to financial regulation. There are barriers that need to be in place, because there are that hunt for victims and abuse relationships. The nature of a predator is to hunt and take advantage of opportunity, but if the predators become wild and crazy to the point of being rabid, society has to group together to keep the mad wolves at bay and protect the chicks who may be preyed upon..

Hallalejuah

See, hear & feel a great song for The Church Of Financial Redemptions and Social Justice

Sheryl Crow Hallelujah
http://www.youtube.com/watch?v=nWDfH51gvc0

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/links-111808.html#comment-26177 Anonymous Tue, 18 Nov 2008 17:56:00 +0000 http://www.nakedcapitalism.com/2008/11/links-111808/#comment-26177 "the total (pay and benefits for GM autoworkers comes) to $41 an hour. That's decent pay, but still a long way from $70 an hour." That's about the same as that of Toyota's employees.<br/>http://www.prospect.org/csnc/blogs/beat_the_press_archive?month=11&year=2008&base_name=gm_auto_workers_are_not_paid_7<br/><br/>I find it interesting that an awful lot of Americans are incensed that some fellow Americans still make decent wages. I am no friend of Detroit's big three, and I hate bailouts, but here are two reasons we should not penalize workers and retirees:<br/><br/>(1) The health care system in the US is screwed up. It is no fault of the average worker that it costs 1K a month to subsidize a malfunctioning health care industry. <br/>(2) The companies should have been forced to fund (that is, put money aside for) the retiree liabilities when they occurred and not leave them as legacy costs. The administrations of the last 25 years are responsible for this outrage that is unacceptable in a civilized country! "the total (pay and benefits for GM autoworkers comes) to $41 an hour. That's decent pay, but still a long way from $70 an hour." That's about the same as that of Toyota's employees.
http://www.prospect.org/csnc/blogs/beat_the_press_archive?month=11&year=2008&base_name=gm_auto_workers_are_not_paid_7

I find it interesting that an awful lot of Americans are incensed that some fellow Americans still make decent wages. I am no friend of Detroit's big three, and I hate bailouts, but here are two reasons we should not penalize workers and retirees:

(1) The health care system in the US is screwed up. It is no fault of the average worker that it costs 1K a month to subsidize a malfunctioning health care industry.
(2) The companies should have been forced to fund (that is, put money aside for) the retiree liabilities when they occurred and not leave them as legacy costs. The administrations of the last 25 years are responsible for this outrage that is unacceptable in a civilized country!

]]> By: cent21 http://www.nakedcapitalism.com/2008/11/links-111808.html#comment-26176 cent21 Tue, 18 Nov 2008 17:28:00 +0000 http://www.nakedcapitalism.com/2008/11/links-111808/#comment-26176 That is the most elite chicken coop I've ever seen, and I've seen some pretty elite chicken coops.<br/><br/>Who built it? Can I hire them? That is the most elite chicken coop I’ve ever seen, and I’ve seen some pretty elite chicken coops.

Who built it? Can I hire them?

]]> By: Fred http://www.nakedcapitalism.com/2008/11/links-111808.html#comment-26175 Fred Tue, 18 Nov 2008 17:13:00 +0000 http://www.nakedcapitalism.com/2008/11/links-111808/#comment-26175 Courtesy of a post at RGE <br/><br/>CNBC this morning when a guest speaks the unspeakable - The PPT was responsible for some of the recent market gyrations - the talking heads had a group conniption.<br/><br/><br/><a HREF="http://www.cnbc.com/id/15840232?video=931599105&play=1" REL="nofollow">CNBC & the PPT (Plunge Protection Team)[video]<br/></a> Courtesy of a post at RGE

CNBC this morning when a guest speaks the unspeakable – The PPT was responsible for some of the recent market gyrations – the talking heads had a group conniption.

CNBC & the PPT (Plunge Protection Team)[video]

]]> By: Peripheral Visionary http://www.nakedcapitalism.com/2008/11/links-111808.html#comment-26169 Peripheral Visionary Tue, 18 Nov 2008 15:10:00 +0000 http://www.nakedcapitalism.com/2008/11/links-111808/#comment-26169 Yves, loved the antidote. The former Goldman Sachs executive is keeping a sharp eye on the financial markets . . . Yves, loved the antidote. The former Goldman Sachs executive is keeping a sharp eye on the financial markets . . .

]]> By: mft http://www.nakedcapitalism.com/2008/11/links-111808.html#comment-26167 mft Tue, 18 Nov 2008 14:38:00 +0000 http://www.nakedcapitalism.com/2008/11/links-111808/#comment-26167 It sounds like Volcker is not sure government can control the situation much longer.<br/><br/>Here is a new addition to the select club of those who think the really really really bad news may eventually come out of China. Denis Snower is the head of the Institute for World Economics in Kiel, Germany, one of the top German economic institutes. I quote from the report in Eurointelligence:<br/><br/>"<a HREF="http://www.ftd.de/wirtschaftswunder/index.php?op=ViewArticle&articleId=1678&blogId=16" REL="nofollow">Denis Snower</a>, writing in FT Deutschland, does some math on Chinese growth. Investments account for a massive 45% of growth. In the view of the global downturn, China would suffer from an investment overhang that might lead to a 50% drop in investments, some 22% of GPD. Even the 16% of GDP stimulus is not going to be sufficient to bridget that gap. The result is a much deeper than expected economic crisis – which might be the next shock the world economy has to confront." It sounds like Volcker is not sure government can control the situation much longer.

Here is a new addition to the select club of those who think the really really really bad news may eventually come out of China. Denis Snower is the head of the Institute for World Economics in Kiel, Germany, one of the top German economic institutes. I quote from the report in Eurointelligence:

“Denis Snower, writing in FT Deutschland, does some math on Chinese growth. Investments account for a massive 45% of growth. In the view of the global downturn, China would suffer from an investment overhang that might lead to a 50% drop in investments, some 22% of GPD. Even the 16% of GDP stimulus is not going to be sufficient to bridget that gap. The result is a much deeper than expected economic crisis – which might be the next shock the world economy has to confront.”

]]> By: River http://www.nakedcapitalism.com/2008/11/links-111808.html#comment-26159 River Tue, 18 Nov 2008 13:34:00 +0000 http://www.nakedcapitalism.com/2008/11/links-111808/#comment-26159 Yves, que pasa? Here is a link that might be of interest to readers:<br/><br/>The Dollar Trap: Michael Hudson's Incisive Characterization of Our Global Economic Dilemma<br/><br/>http://jessescrossroadscafe.blogspot.com/ Yves, que pasa? Here is a link that might be of interest to readers:

The Dollar Trap: Michael Hudson’s Incisive Characterization of Our Global Economic Dilemma

http://jessescrossroadscafe.blogspot.com/

]]> By: Megan http://www.nakedcapitalism.com/2008/11/links-111808.html#comment-26160 Megan Tue, 18 Nov 2008 13:34:00 +0000 http://www.nakedcapitalism.com/2008/11/links-111808/#comment-26160 Re: Volcker Issues Dire Warning On Slump<br/><br/>I am concerned about these public statements -- do they indicate Volcker no longer has as strong an influence on the P-E? Re: Volcker Issues Dire Warning On Slump

I am concerned about these public statements — do they indicate Volcker no longer has as strong an influence on the P-E?

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