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Keyword: doom

Brevity: Headers | « Text »
  • Insolvency looms for federal entitlement programs, government warns ("TurboTaxCheatTimmy" says)

    05/13/2011 12:08:22 PM PDT · by NormsRevenge · 109 replies
    Los Angeles Times ^ | 5/13/11 | Noam N. Levey
    Caught in the sluggish recovery from the last recession, Social Security and Medicare face an increasingly dismal fiscal future, the federal government reported Friday in its annual review of the two mammoth entitlement programs. Medicare, which now provides health insurance to some 47 million elderly and disabled Americans, could begin running a deficit in 2024, five years earlier than projected last year. And Social Security, which last year began paying out more in benefits than it collected in taxes, now faces insolvency in 2036, compared to 2037 in last year’s projections. Over the years, the Social Security and Medicare trustees...
  • Bill expanding gun rights keeps moving in Minnesota

    05/04/2011 11:19:14 AM PDT · by WOBBLY BOB · 11 replies
    winona daily news ^ | 5-4-11 | ap
    ST. PAUL, Minn. - A proposal expanding the right to use deadly force in self-defense continues its advance through the Republican-controlled Legislature. The gun bill from GOP Rep. Tony Cornish goes before a House judiciary panel Wednesday after passing a public safety committee last week. The legislation would grant the right to defend oneself using deadly force in an expanded definition of home, including a garage, car, deck, tent, boat, overnight accommodation or other dwelling. The person wouldn't have to retreat from a threatening situation first.
  • OUT OF CONTROL: DEFICIT ROCKETS 16% IN FIRST HALF OF YEAR (Drudge Headline)

    04/12/2011 1:43:55 PM PDT · by The Magical Mischief Tour · 9 replies
    Drudge Report ^ | 04/12/2011 | Drudge
    OUT OF CONTROL: DEFICIT ROCKETS 16% IN FIRST HALF OF YEAR
  • Obama Administration: GOP Cuts Would Kill 70,000 Kids

    03/31/2011 12:19:12 PM PDT · by 2ndDivisionVet · 69 replies · 1+ views
    Time Magazine ^ | March 31, 2011 | Adam Sorensen
    That's what would happen if Congress pares back appropriations for USAID, says Rajiv Shah: "We estimate, and I believe these are very conservative estimates, that H.R. 1 would lead to 70,000 kids dying," USAID Administrator Rajiv Shah testified before the House Appropriations State and Foreign Ops subcommittee. "Of that 70,000, 30,000 would come from malaria control programs that would have to be scaled back specifically. The other 40,000 is broken out as 24,000 would die because of a lack of support for immunizations and other investments and 16,000 would be because of a lack of skilled attendants at birth," he...
  • Japan Nuclear Fallout: How Bad Could It Get? Nuclear expert explains worst-case scenarios, and more

    03/13/2011 8:58:27 AM PDT · by SeekAndFind · 49 replies
    The Daily Beast ^ | 03/12/2011 | Josh Dzieza
    As Japan scrambles to cope with a nuclear reactor damaged in the quake, Josh Dzieza talks to Ron Ballinger, a nuclear expert at MIT about how the plants work, worst-case scenarios, and more. Plus, full coverage of Japan's catastrophe. Shortly after Japan was hit with the double disaster of a magnitude 8.9 earthquake and subsequent tsunami, a possible third reared its head: nuclear meltdown. The quake caused 11 of Japan's nuclear reactors to shut down automatically, including three at the Fukushima Dai-ichi power plant, 170 miles northeast of Tokyo. But the quake also cut Fukushima off from the power grid,...
  • Genpatsu-shinsai: the language of disaster that is stalking Japan (From The Times, July 21, 2007)

    03/14/2011 9:24:51 PM PDT · by SteveH · 17 replies · 1+ views
    The Times ^ | July 21, 2007 | Leo Lewis
    Japan’s turbulent history of war and natural catastrophe has already given the world a terrifying vocabulary of death: tsunami, kamikaze, Hiroshima. But the country now stands on the brink of unleashing its most chilling phrase yet: genpatsu-shinsai – the combination of an earthquake and nuclear meltdown capable of destroying millions of lives and bringing a nation to its knees. The phrase, derived from the Japanese words for “nuclear power” and “quake disaster”, is the creation of Katsuhiko Ishibashi, Japan’s leading seismologist and one of the Government’s top advisers on nuclear-quake safety. He said that the world may never know how...
  • Pimco Dumping All U.S. Bonds & Carl Icahn Returning $1.6 Billion to His Investors?????

    03/09/2011 10:11:47 PM PST · by Stayfree · 38 replies
    Vanity | March 9, 2011 | Stayfree
    If Bill Gross of Pimco dumps all U.S. bonds in his portfolio and Carl Icahn returns $1.6 billion to his investors, one might be a little concerned that the proverbial sh*t is going to hit the proverbial fan soon...any thoughts?
  • Name The City Where 28% Of Homes And 62% Of Businesses Are Vacant (Guess without peeking...)

    01/07/2011 7:07:34 AM PST · by SeekAndFind · 31 replies
    Business Insider ^ | 01/07/2011 | Gus Lubin
    Some cities probably won't ever recover. That's the conclusion of a new study on vacancy rates, demographics, and market patterns by the Mortgage Bankers Association. Namely, Detroit. Wayne County, Mich. had an incredible 27.6 percent housing vacancy rate in Q2 2010. The next worst was a 17.3 percent vacancy rate around Cleveland. Wayne County also registered an incredible 62.2 percent business vacancy rate. Business vacancies around the country tended to be 50 percent worse than housing vacancies. Again the next worst was a distant 35.1 percent around Cleveland. Deterioration is a risk in any city with massive price declines, like...
  • The Politics of Snow [Christie and NJ Lt Gov on vacation during snow storm]

    12/28/2010 11:04:43 AM PST · by seanmerc · 44 replies · 6+ views
    ABC News ^ | 27 Dec 10 | Amy Walter
    ABC's Amy Walter reports: And you thought coordinating your holiday vacation with co-workers was tough. In New Jersey, where a post-Christmas blizzard dumped as much as 30 inches of snow in some parts of the state, the website PolitickerNJ reports that “some lawmakers Monday were grumbling” that Gov. Chris Christie, a Republican, as well as Lt. Gov Kim Guadagno, also a Republican, “were on vacation at the same time,” leaving state Senate President Steve Sweeney – a Democrat – as the state’s Acting Governor.
  • Minnesota led the nation for 2010 tornadoes

    12/27/2010 2:14:02 PM PST · by MplsSteve · 15 replies · 1+ views
    Minnesota led the nation for having the most tornadoes in 2010. According to the National Weather Service's Storm Prediction Center, the state had 145 tornadoes. The state with the second highest total was Texas, which had 105 tornadoes. The Albert Lea Tribune reports that the figures aren't official until they are reviewed next year by the National Climate Data Center, but they aren't likely to change enough to bump Minnesota. Wisconsin tied for sixth place with 68 twisters. Forty-eight tornadoes were spotted in the state June 17, making it the day with the most tornadoes in Minnesota history.
  • Morning Bell: Big Government Strikes Back

    12/27/2010 7:11:42 AM PST · by La Lydia · 31 replies · 2+ views
    Heritage Foundation ^ | December 27, 2010
    The 111th Congress, the most unpopular Congress in the recorded history if the United States, ended last week with a flurry of legislative activity that set a record for lawmaking done by a Congress that had just been rebuked by the American people. Some in the media are eager to make the case that last week’s events portend a new era of bipartisan accomplishment led by the White House that will extend into the 112th Congress. They are half right. Last week’s events in Washington were a preview of lawmaking in 2011, but Congress was not where the real action...
  • Reapportionment Bites Obama and the Democrats, Hard (2012 redistricting)

    12/21/2010 9:15:13 AM PST · by heiss · 103 replies
    National Review ^ | Dec 21, 2010 | Jim Geraghty
    The new Congressional reapportionment numbers are out. States gaining Congressional seats: Arizona (1), Florida (2), Georgia (1), Nevada (1), South Carolina (1), Texas (4), Utah (1), Washington (1). States losing Congressional seats: Illinois (1), Iowa (1), Louisiana (1), Massachusetts (1), Michigan (1), Missouri (1), New Jersey (1), New York (2), Ohio (2), Pennsylvania (1). You’ll notice John McCain won six of the eight states gaining seats. You’ll notice Barack Obama won eight of the ten states losing seats.
  • Food bank use rises across Canada

    11/16/2010 5:20:39 PM PST · by dynachrome · 10 replies
    CBC.ca ^ | 11-16-10 | unattributed
    Food bank use across Canada is at the highest level since 1997, with nearly 900,000 people turning to them in March 2010, says a survey released Tuesday. Food bank use across Canada is at its highest level since 1997. (CBC) The HungerCount 2010 survey found that 867,948 people used food banks in March 2010, an increase of 9.2 per cent or more than 73,000 people compared with the previous year. The figure was 28 per cent higher than in 2008. "This is a reality check. Food banks are seeing first-hand that the recession is not over for a large number...
  • The Repercussions Of Nearly One Trillion In QE

    11/03/2010 9:36:29 PM PDT · by Razzz42 · 40 replies
    Jim Sinclair's Mineset ^ | November 3, 2010 at 11:24 pm | Dan Norcini
    ...It is my opinion that the US has long wanted to engineer a manageable decline in the currency on account of the now mathematically-impossible-to-ever-pay-back debt load that our nation has been saddled with. They will get their wish but at a terrible cost to the rest of us and to the nation at large as it watches its economic supremacy gradually fade. That will be the legacy of the Federal Reserve system and the contemptible monetary authorities who sold out our nation’s birthright for a bowl of stew.
  • 11 Long-Term Trends That Are Absolutely Destroying The U.S. Economy

    10/06/2010 11:20:14 AM PDT · by WebFocus · 24 replies
    The U.S. economy is being slowly but surely destroyed and many Americans have no idea that it is happening. That is at least partially due to the fact that most financial news is entirely focused on the short-term. Whenever a key economic statistic goes up the financial markets surge and analysts rejoice. Whenever a key economic statistic goes down the financial markets decline and analysts speak of the potential for a "double-dip" recession. You could literally get whiplash as you watch the financial ping pong ball bounce back and forth between good news and bad news. But focusing on short-term...
  • Interview With Marc Faber: It Is Not A Matter Of If With Hyperinflation, But When

    09/23/2010 10:55:18 AM PDT · by blam · 13 replies
    The Business Insider ^ | 9-23-2010 | Ron Hera, Hera Research, LLC
    Interview With Marc Faber: It Is Not A Matter Of If With Hyperinflation, But When Ron Hera, Hera Research, LLC Sep. 23, 2010, 1:28 PM The Hera Research Newsletter (HRN) is delighted to present the following powerful interview with noted speaker and best selling author Dr. Marc Faber, whose newsletter, The Gloom Boom & Doom Report, highlights unusual investment opportunities. Dr. Faber is a popular speaker at investment seminars and conferences around the world and is best known for his contrarian investment approach. Born in Zurich, Switzerland, Dr. Faber went to school in Geneva and Zurich and finished high school...
  • Food Crisis Doomsday Scenario As Prices To Shoot Through The Roof

    08/31/2010 11:49:11 AM PDT · by blam · 50 replies
    The Market Oracle ^ | 8-31-2010 | Pravda
    Food Crisis Doomsday Scenario As Prices To Shoot Through The Roof Politics / Food Crisis Aug 31, 2010 - 08:52 AM By: Pravda The worst weather on record coupled with the practice of speculation in the commodities markets are set to send food prices skyrocketing, bringing misery and starvation to large swathes of the world’s population. Are we set to see food riots this winter? In the USA, Walmart has already announced a price hike of 5.8% on average for a 31-item basic basket for this Autumn. The long-term rise, however, is far more frightening, with the UNO predicting an...
  • Dems Face Doom in House (Is it time to properly investigate Hussein and his thugs?)

    08/21/2010 7:12:34 AM PDT · by Libloather · 55 replies · 1+ views
    DOD Buzz ^ | 8/20/10 | Colin Clark
    Dems Face Doom in HouseBy Colin Clark Friday, August 20th, 2010 12:10 pm Washington’s most respected election analyst, Charlie Cook, is now calling the House for the Republicans. And he’s predicting not just a close race, which had been the call of most analysts until now, but is predicting a so-called “wave” election, one where the party in power is swept away. Cook spoke with the Wall Street Journal. Before GOP tribalists begin crowing and dancing the sacred dance of victory, Cook cautions that he does not think the GOP is likely to win the Senate. And, with all respect...
  • Pension Fraud by New Jersey Is Cited by S.E.C.

    08/19/2010 3:11:09 PM PDT · by the invisib1e hand · 8 replies · 1+ views
    reputable sources via the Slimes ^ | August 18, 2010 | By MARY WILLIAMS WALSH
    Federal regulators accused the State of New Jersey of securities fraud on Wednesday for claiming it had been properly funding public workers’ pensions when it was not. The Securities and Exchange Commission said the action was its first ever against a state, and only its second against any government over the handling of a public pension fund. The first was the city of San Diego. More may be in store; the agency announced in January that it had a special unit looking into public pension disclosures. The S.E.C. has been trying to assume more authority over municipal securities. The commission...
  • The Horrific Derivatives Bubble That Could Destroy Entire World Financial System

    08/09/2010 6:07:25 PM PDT · by Errant · 41 replies
    The Market Oracle ^ | 9 Aug, 2010 | Michael Snyder (via Pravda)
    Michael Snyder writes: Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it. When you say the word "derivatives" to most Americans, they have no idea what you are talking about. In fact, even most members of the U.S. Congress don't really seem to understand them. But you don't have to get into all the technicalities to understand the bigger picture. Basically, derivatives are financial instruments whose value depends upon or is derived from the...
  • Marc Faber Questions if Dow Could Hit 1,000

    07/30/2010 2:59:07 PM PDT · by Errant · 41 replies · 5+ views
    CNBC ^ | 30 July, 2010 | Mark Faber
    In the August edition of the 'The Gloom, Boom & Doom Report' Marc Faber questions whether the Dow could hit 1,000 as predicted by Robert Prechter, based on his interpretation of Elliot Waves, Fibonacci numbers and socioeconomic trends... ...One suggestion from Faber is buying a self-sustainable farm in the middle of nowhere surrounded by high voltage fences and barbed wire and equipped with booby traps and an arsenal of machine guns, hand grenades and armed vehicles guarded by vicious Dobermans.
  • Coming Chaos: No Banks, No Public Facilities, No Food and Rampaging Gangs of Desperate People

    07/05/2010 3:22:21 PM PDT · by blam · 182 replies
    The Market Oracle ^ | 7-5-2010 | Mac Salvo
    Coming Chaos: No Banks, No Public Facilities, No Food And Rampaging Gangs Of Desperate People Politics / Social Issues Jul 05, 2010 - 02:18 PM By: Mac_Slavo Bob Chapman, of The International Forecaster, says it’s time to prepare for the worst, comparing our impending economic crisis to that which was experienced at the onset of 1348 and the following century and a half. Flashback to 1348: The Black Death is estimated to have killed 30% to 60% of Europe’s population, reducing the world’s population from an estimated 450 million to between 350 and 375 million in 1400. This has been...
  • A Market Forecast That Says ‘Take Cover’

    07/04/2010 6:47:40 PM PDT · by HearMe · 34 replies · 2+ views
    N Y Times ^ | 7/4/2010 | Jeff Sommer
    A Market Forecast That Says ‘Take Cover’ WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely. Prechter is convinced that we have entered a market decline of staggering proportions — perhaps the biggest of the last 300 years. ...... Originating in the writings of Ralph Nelson Elliott, an obscure accountant who found repetitive patterns, or “fractals,” in the stock market of the 1930s and ’40s, the theory suggests that an epic downswing is under way, Mr. Prechter...
  • The One-Hour Meltdown

    06/06/2010 11:52:21 PM PDT · by Windflier · 92 replies · 182+ views
    How to Survive Hard Times ^ | July 22, 2009 | Robert Wayne Atkins, P.E.
    Introduction The following is just my opinion. It is nothing more than my opinion. I have nothing to substantiate or prove any aspect of my opinion. My opinion is simply the logical conclusion of a law-abiding sixty-year old Christian grandfather who has both an engineering degree and an M.B.A. degree and who has seen both good times and hard times during his life. The Current Situation: At the present time every nation in the entire world is facing serious financial and social stress. If only a few nations were involved then it might be possible to contain the upcoming meltdown...
  • The Loonie's 'Gloom and Doom' Week

    05/22/2010 7:46:42 AM PDT · by blam · 8 replies · 497+ views
    Seeking Alpha ^ | 5-22-2010 | Ralph Shell
    The Loonie's 'Gloom and Doom' Week by: Ralph Shell May 21, 2010 On a day when the equities market is tanking, leave it to CNBC to haul out the economic trash talkers like Nouriel Roubini. Stocks are due for another 20% decline and cash is the safest place, he claims. If the mattress is getting lumpy, put some cash in the survival room along with your gold coins, dry food and the organic seeds that are guaranteed to grow after global crises. Dr. Roubini, a perpetual bear, has been touting the return of hyperinflation, and a spike in interest rates...
  • Global Macro's Raoul Pal: Here's Why A Crash Is Coming In Two Days-To-Two Weeks

    05/18/2010 11:18:21 AM PDT · by blam · 33 replies · 2,635+ views
    The Business Insider ^ | 5-18-2010 | Joe Weisenthal
    Global Macro's Raoul Pal: Here's Why A Crash Is Coming In Two Days-To-Two Weeks Joe Weisenthal May. 18, 2010, 2:15 PM We don't mean for it to be doom and gloom day, but Richard Russell isn't the only big name pundit to be calling for a fall. Raoul Pal, the former GLG manager who writes the Global Macro Investor newsletter is out with a very specific crash call. In his latest note he calls for a big move down in just two days to two weeks. That's refreshingly specific! So what's the reason? It's all about what he sees as...
  • The "Flash Crash" Was A WATERFALL Event Like The One That Preceded The Fall Of Rome

    05/18/2010 7:26:44 AM PDT · by blam · 30 replies · 1,800+ views
    The Business Insider ^ | 5-18-2010 | Joe Weisenthal
    Martin Armstrong: The "Flash Crash" Was A WATERFALL Event Like The One That Preceded The Fall Of Rome Joe Weisenthal May. 18, 2010, 10:07 AM The famous market philosopher Martin Armstrong, who is currently in prison in Ft. Dix New Jersey, has turned his attention to the "Flash Crash" of May 6, which he sees as a profound event. He describes the event as a waterfall -- the opposite of a blowoff bubble top -- that presages the start of a profound shift in the world economy. He calls the "fat finger" or glitch theories nonsense, saying it's all about...
  • Dow Theorist: Sell Everything Liquid, You Won't Recognize America By The End Of The Year

    05/18/2010 7:05:51 AM PDT · by blam · 501 replies · 15,273+ views
    The Business Insider ^ | 5-18-2010 | Joe Weisenthal
    Dow Theorist: Sell Everything Liquid, You Won't Recognize America By The End Of The Year Joe Weisenthal May. 18, 2010, 8:57 AM Image: US Army WHOA! Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note: Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country....
  • This Chart Is Proof That Richard Russell's Crash Prediction Will Come True

    05/18/2010 10:45:22 AM PDT · by blam · 45 replies · 2,978+ views
    The Business Insider ^ | 5-18-2010 | Joe Weisenthal
    This Chart Is Proof That Richard Russell's Crash Prediction Will Come True Joe Weisenthal May. 18, 2010, 1:26 PM Earlier we brought you the latest alarming comments from noted Dow Theorist Richard Russell, who is advising people to sell everything they can, ahead of a radical change in America. You think that's hyperbolic and ridiculous? Well consider this, from a reader, who writes: I've been watching the charts and listening to Bob Prechter and we are in a wave C down cycle that will be very swift and steep. Now are you convinced?[snip]
  • AIG sells Alico unit to MetLife for $15.5 billion

    03/08/2010 6:57:16 AM PST · by Toddsterpatriot · 8 replies · 93+ views
    AP ^ | March 8, 2010
    NEW YORK (AP) -- American International Group will sell a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. in an ongoing bid to repay billions in government aid. It was the second major deal AIG completed this month to raise cash. On March 1, AIG agreed to sell Asia-based life insurer, AIA Group, to Britain's Prudential PLC for $35.5 billion....snip.... Including the latest sale, AIG will be able to slash its government debt by $50.7 billion, or 39 percent. Before the sales of AIA and Alico, AIG owed the government $94.76 billion in loans and...
  • Acting chairman Levin vows to take action on Ways and Means panel (out of its slumber? DUCK & GRAB!)

    03/06/2010 6:27:20 PM PST · by Libloather · 9 replies · 532+ views
    The Hill ^ | 3/06/10 | Jay Heflin
    Acting chairman Levin vows to take action on Ways and Means panelBy Jay Heflin - 03/06/10 06:00 AM ET Newly minted Ways and Means Committee Chairman Sandy Levin is planning to wake the powerful panel out of its slumber. Levin is promising more action from the panel, which has been quiet under Rep. Charlie Rangel (D-N.Y.), whose temporary resignation has made Levin the acting chairman. “We’re going to be scheduling more and more hearings,” Levin (D-Mich.) told The Hill after he was named chairman. Other than a February oversight hearing on President Obama’s 2011 budget, the full committee has not...
  • 'Buy farmland and gold,' advises Dr Doom

    02/23/2010 6:13:51 PM PST · by jsh3180 · 63 replies · 2,644+ views
    TimesOnline ^ | February 22, 2010 | Leo Lewis, Asia Business Correspondent
    The world’s most powerful investors have been advised to buy farmland, stock up on gold and prepare for a “dirty war” by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash. The bleak warning of social and financial meltdown, delivered today in Tokyo at a gathering of 700 pension and sovereign wealth fund managers. Dr Faber, who advised his audience to pull out of American stocks one week before the 1987 crash and was among a handful who predicted the more recent financial crisis, vies with the Nouriel Roubini, the economist, as a rival claimant...
  • UW study indicates pandemic bird flu possible [H5N1]

    02/22/2010 4:11:57 PM PST · by SJackson · 26 replies · 473+ views
    Capital Times ^ | 2-22-10
    A new study authored by UW-Madison virologist Yoshihiro Kawaoka warns there is the potential for avian H5N1 influenza and human seasonal flu viruses to interact and form a new flu strain which could be both highly contagious and deadly. Since the H5N1 influenza outbreak in Asian poultry in 2003, forms of this virus have spread to wild birds and poultry on several continents. However, since the H5N1 virus lacks the ability to transmit efficiently among humans, there have been only 442 confirmed human cases -- although 59 percent (262) of those infected have died. The new findings -- which appear...
  • D.C. Snowstorm: How Global Warming Makes Blizzards Worse

    02/10/2010 11:54:50 AM PST · by NormsRevenge · 63 replies · 1,260+ views
    Time on Yahoo ^ | 2/10/10 | Bryan Walsh
    As the blizzard-bound residents of the mid-Atlantic region get ready to dig themselves out of the third major storm of the season, they may stop to wonder two things: Why haven't we bothered to invest in a snow blower and, also, what happened to climate change? After all, it stands to reason that if the world is getting warmer - and the past decade was the hottest on record - major snowstorms should become a thing of the past, like Palm Pilots and majority rule in the Senate. Certainly that's what the Virginia state Republican Party thinks: the GOP aired...
  • Earth 2100 (The GW gospel exposing the evil Americans)

    01/09/2010 3:15:42 PM PST · by MaxMax · 36 replies · 1,306+ views
    The History Channel
  • Bernanke On The Doom Loop

    12/22/2009 8:14:44 AM PST · by blam · 266+ views
    Seeking Alpha ^ | The Baseline Scenario
    Bernanke On The Doom Loop By Peter Boone and Simon Johnson December 22, 2009 Senator David Vitter submitted one of my questions to Federal Reserve Chairman Ben Bernanke, as part of his reconfirmation hearings, and received the following reply in writing (as already published in the WSJ on-line). Q. Simon Johnson, Massachusetts Institute of Technology and blogger: Andrew Haldane, head of financial stability at the Bank of England, argues that the relationship between the banking system and the government (in the U.K. and the U.S.) creates a “doom loop” in which there are repeated boom-bust-bailout cycles that tend to get...
  • Device spells doom for superbugs

    11/26/2009 10:12:01 AM PST · by LibWhacker · 17 replies · 968+ views
    BBC ^ | 11/26/09 | Jason Palmer
    Researchers have demonstrated a prototype device that can rid hands, feet, or even underarms of bacteria, including the hospital superbug MRSA.The device works by creating something called a plasma, which produces a cocktail of chemicals in air that kill bacteria but are harmless to skin. A related approach could see the use of plasmas to speed the healing of wounds. Writing in the New Journal of Physics, the authors say plasmas could help solve gum disease or even body odour.
  • The Specter of Default

    11/23/2009 8:40:55 AM PST · by Petronski · 27 replies · 723+ views
    National Review Online ^ | 23 November 2009 | Conrad Black
    The final paragraph: The U.S. political process must stop its infantile wrangling and show cause for the world to believe that it will defend the financial integrity of the country, before discussion of U.S. default — which will otherwise become audible, soon — spooks the whole world.
  • With this 'victory,' Dems might as well be whistlin' 'Dixie'

    11/09/2009 3:51:56 AM PST · by Scanian · 23 replies · 1,652+ views
    NY Post ^ | November 9, 2009 | Charles Hurt
    Saturday's vote to create a massive government-run health-insurance program is to Nancy Pelosi and her Democrats what the Battle of Gettysburg was to the South. It will be remembered as the high point of their unswerving efforts to demand government solutions to every big problem. It was their most daring stab, deepest into enemy territory. And the creeks will fill with the political blood of the dead who charged blindly into the angry enemy fire. Long from now, gauzy-eyed liberals will tear up at the memory of those who pressed forward through the mindless carnage despite knowing full well the...
  • Cash for clunkers may destroy second hand car market

    08/01/2009 8:17:19 AM PDT · by PureSolace · 33 replies · 1,653+ views
    Khabrein.Info ^ | Aug 1, 2009 | Khabrein.Info Correspondent
    New Delhi, Aug 1, 2009: Will cash for clunkers destroy second hand car market in the US? Many people are asking the question ever since the cash for clunkers program was introduced by the Federal government just a week ago. Yesterday the Federal government put its stamp on extension of the program and the increased funding for people who wanted to get rid of their gas guzzling clunkers. The US House gave its nod to the extension of the program and 2 billion dollars more in funding. This will give some hope to clunker owners who thought that they may...
  • 'Cash for clunkers' breaking down, but not before hurting lower-income buyers, auto recyclers

    08/01/2009 8:12:57 AM PDT · by PureSolace · 62 replies · 2,108+ views
    The Oregonian ^ | Friday July 31, 2009, 9:10 AM | Elizabeth Hovde
    Press reports late Thursday said the government's Cash Allowance Rebate System could already be out of money, hitting a major speed bump and possibly causing dealers some drama. ... CARS works this way: Owners of a 1984 or newer vehicle getting 18 mpg or less in combined highway/city ratings can trade in their so-called "clunkers" for more fuel-efficient new cars (in some cases only a few extra miles are required). For their trouble, owners get $3,500 to $4,500 of taxpayer money and their old vehicles' engines are destroyed so they won't end up back on the road. That last part,...
  • Swine flu could kill hundreds of thousands in U.S. if vaccine fails, CDC says

    07/25/2009 8:25:48 AM PDT · by 2ndDivisionVet · 87 replies · 2,981+ views
    The Los Angeles Times ^ | July 25, 2009 | Thomas H. Maugh II
    Hundreds of thousands of Americans could die over the next two years if the vaccine and other control measures for the new H1N1 influenza are not effective, and, at the pandemic's peak, as much as 40% of the workforce could be affected, according to new estimates from the Centers for Disease Control and Prevention. That is admittedly a worst-case scenario that the federal agency says it doesn't expect to occur. But the broad range of potential deaths highlights the unpredictability of flu viruses in general and this swine flu virus in particular because it hasn't behaved the way researchers have...
  • How Obama Has Doomed 134.7 Million People

    06/29/2009 7:20:22 AM PDT · by A1Sauce · 14 replies · 2,370+ views
    JiP ^ | 6/29/09
    Rarely in history has a President of the United States acted so quickly, so poorly, and so ineffectively. Not even the infamous Jimmy Carter can hold a candle to how President Obama has handled situations on the ground in Iraq, the Military Base in Guantanamo, or relations aboard the Apology Express in Europe. But no, though the "Commander in Chief" stumbled and fell throughout those mentioned, they are not the worst things he has done. No, our Chosen One has done much more egregious things that will almost definitely cripple the lives of all involved. In his very young Presidency,...
  • The recession tracks the Great Depression

    06/17/2009 7:19:31 PM PDT · by FromLori · 27 replies · 1,586+ views
    Green shoots are bursting out. Or so we are told. But before concluding that the recession will soon be over, we must ask what history tells us. It is one of the guides we have to our present predicament. Fortunately, we do have the data. Unfortunately, the story they tell is an unhappy one. EDITOR’S CHOICE Tight rules helped mitigate crisis in Brazil - Jun-16 Economists’ forum - Oct-01 Opinion: The three steps to financial reform - Jun-16 In depth: Global financial crisis - Sep-04 Economics: How the world economy might recover its poise - Jun-15 Two economic historians, Barry...
  • Deep Thoughts from Bob Janjuah (chief market strategist at RBS)

    05/16/2009 2:38:36 AM PDT · by jsh3180 · 6 replies · 1,396+ views
    ZeroHedge | 5/13/2009 | Bob Janjuah
    Bob's World: Mini-May turn? 05/13 10:59:08 Turning to mrkts, some moans 1st: A - UNEMPLOYMENT - the double digit peaks will happen late next yr. Unemployment is ugly & evil - it MATTERS and impacts ALL of our spending/saving/behaviours. Yet I am shocked at how many 'commentators' keep telling me it does not matter, it lags, its all priced in, blah blah blah. It is so sad to hear this nonsense, which is 'sold' as credible mrkt thinking. B - PHONEY MONEY - as absurd is the shrill chorus that is busy spinning that fact that coz central banks are...
  • Watch Out For the Second Leg of the Downturn

    04/13/2009 5:34:53 PM PDT · by weef · 24 replies · 1,752+ views
    Financial Sense Editorials ^ | 3/18/2009 | Thomas P. Au, CFA
    Do you think that the crash is over, as certain former bears do? This question arises as we have breached the first downside target, of Dow 7000, based on my proprietary investment value model that was first published in thestreet.com October 24, 2007. It was less a forecast than an evaluation. The Dow has now vindicated this model by reaching "fair value," as one would expect from a simple definition. Does that represent a base for a new bull market? Or is it just one more stop to the nether regions?
  • Oprah Winfrey - Suzy Orman

    04/03/2009 7:16:21 AM PDT · by goodn'mad · 24 replies · 1,655+ views
    AFN | 4/3/09 | M. Poston
    Something unusual about Oprah Winfrey. New hair-do.
  • Deep Downturn or Greater Depression - Which Is It?

    03/30/2009 2:35:11 PM PDT · by arthurus · 8 replies · 669+ views
    Seeking Alpha ^ | March 30,2009 | Brett Owens
    So here we are - the end of March 2009. We've been in a recession since December 2007. The stock market began rallying a couple of weeks ago, despite economic news that still looks as bleak as ever. So is this time to start buying undervalued blue chip stocks, following the play book that has worked so well over the past 25 years of buying good, quality stocks on dips?
  • Quickie Cartoon

    03/08/2009 7:43:30 AM PDT · by Brainhose · 5 replies · 825+ views
    Pelham NH | Today | Brainhose
    I know its cheesy but it only took a few minutes in Macromedia.
  • Boy, 11, Charged With Killing Pregnant Woman

    02/21/2009 12:16:03 PM PST · by Steelfish · 17 replies · 1,071+ views
    AP Report ^ | February 21, 2009
    Boy, 11, charged with killing pregnant woman The victim — 8 months pregnant — was found shot in her farmhouse Feb. 21, 2009 WAMPUM, Pa. - Police in western Pennsylvania say an 11-year-old boy has been charged in the death of a pregnant woman who was found shot in a bedroom of her farmhouse. Police say the boy is charged with criminal homicide and criminal homicide of an unborn child in the killing of 26-year-old Kenzie Marie Houk. The victim was 8 months pregnant. Lawrence County police issued a statement saying the boy had been arraigned and sent to the...