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Asia stocks tumble, Tokyo hits 28-yr low amid global rout
reuters ^ | 6/3/12 | Chikako Mogi

Posted on 06/03/2012 8:49:08 PM PDT by Typical_Whitey

TOKYO, June 4 (Reuters) - Asian shares tumbled on Monday, pushing the broader Tokyo market to a 28-year low, as investors extended a rout of global stocks and worried about a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China.

Tokyo's broader Topix index lost 2.1 percent to 693.35, a level not seen since late 1983, as Asian markets plumbed new lows for 2012. Japan's Nikkei average fell 2 percent after last week marking its ninth straight week of losses, the longest such losing streak run in 20 years.

(Excerpt) Read more at reuters.com ...


TOPICS: Breaking News; Japan; News/Current Events
KEYWORDS: asia; japan; stocks
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To: momincombatboots

Legislation has a better chance of reforming the EPA, though not this year.

Our nation’s judges were educated to believe in the liberal interpretation [new and ‘improved] of the Commerce Clause. That’s one of our root problems. Our ‘wise’ leaders have been legislating ‘commerce clause’ amendments to the Constitution. For example, Social Security would only have been constitutional via an amendment [and would have been nationally rejected]. Dust Bowl prevention policy would have been an easy amendment to pass during the 30s. National parkland seized by private owners should have been via amendment. Etc.

Now, to abruptly weaken the Federal government through strict interpretation would be quite a can of worms. For example, the right to own a machine gun technically is not to be infringed. Owning a machine gun is, after all, being ‘armed’. [But an amendment against machine guns might actually be possible.] I suppose owning a rocket launcher is also being ‘armed’.

There is a solution, but I’m telling you, it’s not going to be easy.

But here’s the good news: the longer people keep getting themselves informed, the easier that solution will be. And then there’s the peripheral weakening of liberal interpretation occurring even now as college students rebel against dogma. The slower solution would ultimately end all this mess, but not at a frightening pace. I think that is what most conservative legal eagles are fighting for.


41 posted on 06/04/2012 6:43:57 AM PDT by Arthur Wildfire! March (George Washington: [Government] is a dangerous servant and a terrible master.)
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To: momincombatboots; TigerLikesRooster; TigersEye; MHGinTN; Cicero

[last post for the day ...]

There is a quick solution to our economic problems though —the nuclear purse string option that our House of Reps has. They can boycott just about any domestic spending until their demands are met. They could completely defund, for example, any new EPA spending and all of Zero’s goodies. If the crisis point washes over the USA, I hope that we rally behind that.


42 posted on 06/04/2012 6:50:41 AM PDT by Arthur Wildfire! March (George Washington: [Government] is a dangerous servant and a terrible master.)
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To: Typical_Whitey

Looks like we’ve got a worldwide problem here. So far, none of the world’s economic powerhouses have figured out what to do to escape it. Could be a difficult task even for a great businessman like Romney.


43 posted on 06/04/2012 10:00:18 AM PDT by juno67
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To: momincombatboots

Big business welcomes federal regulation to forestall wildly different state regulations. Having to deal with one set of regulations makes doing business much easier than it would be having to meet FIFTY different sets. Plus, an increase of state power would make business susceptible to state corruption and political demands.


44 posted on 06/04/2012 4:49:32 PM PDT by arrogantsob (Obama must Go.)
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To: Typical_Whitey
Asia stocks rebound after steep drop
45 posted on 06/04/2012 9:17:04 PM PDT by blam
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To: arrogantsob

Not to be rude, but am I reading this correctly? Businesses are concerned about increases in states power? They should be more concerned about Federal power. I think competition between states is awesome. We can start by returning education to the states. If your businesses don’t like states power, they are in the wrong country.. I would suggest Europe. Environmental protection should be the sole responsibility of the state. How does a bureaucrat from DC know anything about the Environment of Oregon, or North Dakota? They read “reports” about it. I find it unlikely these reports are accurate and unbiased. Most likely funded by one group or another. While we are at it, the pipeline should be like Alaska... If your state allows the Keystone, you should get annual proceeds from the profit. This is widly popular in Alaska. I do not know what happens if there is no profit.. I only lived there four years.


46 posted on 06/05/2012 4:29:37 AM PDT by momincombatboots (Back to West by G-d Virginia. 2016 starts today!)
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To: momincombatboots

Yes, this is one of the reasons the Progressive movement flourished around the turn of the 20th century.

Businesses want certainty and having federal regulations pre-empt State regulations makes life easier for them.

I have no connection with these, or any other, businesses and am merely telling you some facts about the issue. I am not saying they are correct.

Information is easily obtainable about any region of the country and there is no reason that one should have to live in the region to know pertinent facts about life there.

States do profit from all the pipelines and such which run through them. Whatever length of the pipeline is in a state they draw revenue from through tariffs on the volume moving through them.

If you want to see how state governments can cause chaos with business take a look at the relationship between the NY state legislature during the “Railroad Wars” in the 1800s particularly as it regarded the New York Central. Holy Moly.


47 posted on 06/05/2012 2:04:46 PM PDT by arrogantsob (Obama must Go.)
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To: arrogantsob

Seems hopelessly corrupt sometimes. In the Alaska model, every resident gets an annual payment from the pipeline.


48 posted on 06/05/2012 2:13:51 PM PDT by momincombatboots (Back to West by G-d Virginia. 2016 starts today!)
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