Well, the economy is wrecked already, damned if we let ‘em all go free and damned if we try to meddle. The credit crisis–a result of unregulated greed–might end up costing us $1 Trillion. Gotta clamp down on the workers and their families, not ease up. We need more production (from non-smokers, smokers are too medically risky) and less griping about things like families. Here’s what the fat cats did with their free (unregulated) market. Forget Stark’s plan. Sounds good, but, things are too FUBARed to throw the worker any bones. Let them eat rice, which, by the way, is being rationed today by Wally Mart and Costco. Where’d this food crunch creep up on us? Can we blame the Government? Too much or too little regulation here? I keep hearing there’s plenty of food out there for all of us and that it is a matter of distribution. Perhaps those saying so are commies.
Two major US bulk retailers are rationing the sale of large bags of rice to consumers amid a growing global food crisis marked by skyrocketing prices and heavy pressure on demand. Sam’s Club, a chain owned by retail giant Wal-Mart, announced today it was placing a limit of four 20-pound (9kgs) bags per person for imported jasmine, basmati and long grain white rices as a precautionary step. Sam’s Club said the temporary cap is intended to ensure there is plenty of rice for all its members, which has 600 stores across the United States.
Investors then goosed their returns further through leverage, the oldest strategy around. They made $100 million bets with only $1 million of their own money and $99 million in debt. If the value of the investment rose to just $101 million, the investors would end up doubling their money. Home buyers did the same thing, by putting little money down on new houses, notes Mark Zandi of Moody’s Economy.com. The Fed under Alan Greenspan helped make it all possible, sharply reducing interest rates, to prevent a double-dip recession after the technology bust of 2000, and then keeping them low for several years.
The International Monetary Fund said Tuesday that financial losses stemming from the U.S. mortgage crisis might approach $1 trillion, citing a “collective failure” to predict the breadth of the crisis. “There was a collective failure to appreciate the extent of leverage taken on by a wide range of institutions – banks, monoline insurers, government-sponsored entities, hedge funds – and the associated risks of a disorderly unwinding,” the IMF concluded in the report.
Like everything else these days, there is a lot of finger-pointing going on with the economy. Remember Katrina? That’s still a fubarred mess, nearly 3 years on. Can’t miss the reference to the “technology bust” of 2000 in one of the articles above. And, of course 9/11 exposed another ugly and hugely damaging layer of corporate fraud. But, all I’m doing as well is finger pointing. Loads of opportunity out there now scooping up foreclosures. Florida’s a great bargain again. What would they do without the sucker that is born every minute? Now that’s someone some would never want weeded from the gene pool. Hey, when’s the last time the Senate unanimously passed a bill?
“After a very long wait, Americans can now be confident that their genetic information cannot be used by health insurers or employers in harmful or hurtful ways,” Kathy Hudson, director of the Genetics and Public Policy Center, said in a statement.
thanks to you too for your sarcasm, bloggie. There is a post above that one that is still awaiting moderation that addresses my feelings which are, well, shall we say, more along the lines of that’s not what’s wrecked the economy. I say wrecked, because it’s one thing after another with greed always finding a way around correction, but you say more freedom in markets is the answer. I say, change your hearts, assholes….
Greed in some quarters of the investing world and irresponsibility in some parts of the home-buying world are certainly factors, but I don’t think Marxist measures like Starks paid family leave bill help at all.
Free markets continue to be the answer, but I will grant you that inculcating the human beings we bring up in this world to foster virtue and eschew greed is a vital part of the equation.
Perhaps the rebate checks from the compassionate conservative president will help then.
I can’t help but think he has ulterior motives, like helping the big guy.
Every day our children are bombarded with advertisements — quite often for products that are harmful to them. Each year, the average child sees about 40,000 commercials on television alone, according to communications professor Dale Kunkel of the University of Arizona; the majority of ads targeted at them are for candy, sugared cereal, soda and fast food.
Re: the rebate: Here’s the exposing of its silliness: It’s an endorsement of tax cuts! If it’s an economic stimulus to give us back some of our money, then, jeez-o-weenie, LET US KEEP IT IN THE FIRST PLACE!
Desperate people are filing into the office of Indianapolis bankruptcy attorney Mark Zuckerberg at a rate he hasn’t seen in years. Personal bankruptcy filings in the nation rose 38 percent from 2006 to 2007. Total bankruptcy filings, including those from businesses, rose to 850,912 compared with 617,660 in 2006.
Mr. Dings said,
April 24, 2008 at 10:38 pm
Well, the economy is wrecked already, damned if we let ‘em all go free and damned if we try to meddle. The credit crisis–a result of unregulated greed–might end up costing us $1 Trillion. Gotta clamp down on the workers and their families, not ease up. We need more production (from non-smokers, smokers are too medically risky) and less griping about things like families. Here’s what the fat cats did with their free (unregulated) market. Forget Stark’s plan. Sounds good, but, things are too FUBARed to throw the worker any bones. Let them eat rice, which, by the way, is being rationed today by Wally Mart and Costco. Where’d this food crunch creep up on us? Can we blame the Government? Too much or too little regulation here? I keep hearing there’s plenty of food out there for all of us and that it is a matter of distribution. Perhaps those saying so are commies.
http://www.rte.ie/news/2008/0424/food.html
Two major US bulk retailers are rationing the sale of large bags of rice to consumers amid a growing global food crisis marked by skyrocketing prices and heavy pressure on demand. Sam’s Club, a chain owned by retail giant Wal-Mart, announced today it was placing a limit of four 20-pound (9kgs) bags per person for imported jasmine, basmati and long grain white rices as a precautionary step. Sam’s Club said the temporary cap is intended to ensure there is plenty of rice for all its members, which has 600 stores across the United States.
http://www.iht.com/articles/2008/03/19/business/leonhardt.php
Investors then goosed their returns further through leverage, the oldest strategy around. They made $100 million bets with only $1 million of their own money and $99 million in debt. If the value of the investment rose to just $101 million, the investors would end up doubling their money. Home buyers did the same thing, by putting little money down on new houses, notes Mark Zandi of Moody’s Economy.com. The Fed under Alan Greenspan helped make it all possible, sharply reducing interest rates, to prevent a double-dip recession after the technology bust of 2000, and then keeping them low for several years.
http://www.iht.com/articles/2008/04/08/business/imf.php
The International Monetary Fund said Tuesday that financial losses stemming from the U.S. mortgage crisis might approach $1 trillion, citing a “collective failure” to predict the breadth of the crisis. “There was a collective failure to appreciate the extent of leverage taken on by a wide range of institutions – banks, monoline insurers, government-sponsored entities, hedge funds – and the associated risks of a disorderly unwinding,” the IMF concluded in the report.
Mr. Dings said,
April 25, 2008 at 12:07 pm
Like everything else these days, there is a lot of finger-pointing going on with the economy. Remember Katrina? That’s still a fubarred mess, nearly 3 years on. Can’t miss the reference to the “technology bust” of 2000 in one of the articles above. And, of course 9/11 exposed another ugly and hugely damaging layer of corporate fraud. But, all I’m doing as well is finger pointing. Loads of opportunity out there now scooping up foreclosures. Florida’s a great bargain again. What would they do without the sucker that is born every minute? Now that’s someone some would never want weeded from the gene pool. Hey, when’s the last time the Senate unanimously passed a bill?
http://blog.wired.com/wiredscience/2008/04/genetic-non-dis.html
“After a very long wait, Americans can now be confident that their genetic information cannot be used by health insurers or employers in harmful or hurtful ways,” Kathy Hudson, director of the Genetics and Public Policy Center, said in a statement.
Yeah, right…..
Bentnotesmanhisself said,
April 25, 2008 at 12:45 pm
Now I know exactly how you feel about the paid family leave legislation. Thanks for clearing it up with those to-the-point remarks.
Mr. Dings said,
April 25, 2008 at 2:59 pm
thanks to you too for your sarcasm, bloggie. There is a post above that one that is still awaiting moderation that addresses my feelings which are, well, shall we say, more along the lines of that’s not what’s wrecked the economy. I say wrecked, because it’s one thing after another with greed always finding a way around correction, but you say more freedom in markets is the answer. I say, change your hearts, assholes….
Bentnotesmanhisself said,
April 25, 2008 at 3:30 pm
Greed in some quarters of the investing world and irresponsibility in some parts of the home-buying world are certainly factors, but I don’t think Marxist measures like Starks paid family leave bill help at all.
Free markets continue to be the answer, but I will grant you that inculcating the human beings we bring up in this world to foster virtue and eschew greed is a vital part of the equation.
Mr. Dings said,
April 25, 2008 at 8:38 pm
Perhaps the rebate checks from the compassionate conservative president will help then.
I can’t help but think he has ulterior motives, like helping the big guy.
Mr. Dings said,
April 25, 2008 at 10:28 pm
The way to a child’s heart is through its stomach:
http://www.childrennow.org/newsroom/press_coverage/childhood_obesity_op_ed.html
Every day our children are bombarded with advertisements — quite often for products that are harmful to them. Each year, the average child sees about 40,000 commercials on television alone, according to communications professor Dale Kunkel of the University of Arizona; the majority of ads targeted at them are for candy, sugared cereal, soda and fast food.
Start with turning off the tellie!
Bentnotesmanhisself said,
April 26, 2008 at 12:00 am
Re: the rebate: Here’s the exposing of its silliness: It’s an endorsement of tax cuts! If it’s an economic stimulus to give us back some of our money, then, jeez-o-weenie, LET US KEEP IT IN THE FIRST PLACE!
Mr. Dings said,
April 26, 2008 at 4:20 am
Hard not to like a tax cut.
Mr. Dings said,
April 26, 2008 at 9:49 pm
http://www.tmcnet.com/usubmit/2008/04/17/3394310.htm
Desperate people are filing into the office of Indianapolis bankruptcy attorney Mark Zuckerberg at a rate he hasn’t seen in years. Personal bankruptcy filings in the nation rose 38 percent from 2006 to 2007. Total bankruptcy filings, including those from businesses, rose to 850,912 compared with 617,660 in 2006.
Mr. Dings said,
April 26, 2008 at 9:57 pm
Let’s just say there are some things seriously wrong with the way things are here, now. There is no turning back so I must turn inward.
Bentnotesmanhisself said,
April 26, 2008 at 11:47 pm
Well, that’s always a sound move, but, remember: when it’s time to act in the realm of economics, there’s the free market and then there’s socialism.
Mr. Dings said,
April 27, 2008 at 10:45 am
How about freedom with a conscience. Or conscious freedom. Freedom consciousness! Free the conscience. From da money.