in WIA dislocated worker funds. I have dislocated workers everywhere standing in line for job training money, and I am so short on it that I have to screw around writing for NEG grants.
Obama has so screwed over MI, I can't believe I voted for the SOB. He is saving GM by destroying American jobs and offshoring the work (jobs) to China, S. Korea, and Mexico with our tax payer money. But hey, what else could anyone expect from his WS boy, Geithner.
If I'm indicative of what's to come and I hope I am, MI won't be blue again for a long, long time. I totally blame Clinton, the Democrats and Obama for all of this mess.
Great diary mfm. I am going to print it and hand it out to our WIB.
that is my guess. Hey, we're about looking at the details, the statistics, the policy and the effects....so, ya know, someone can be a nice guy, Charismatic, etc. and still have rotten policy or economics that are going to harm the long term growth of a sector or nation.
Congratulations greedy corporate America. You have sucessfully given away the American lifestyle to the thankfull Chinese. For decades you have been transfering American jobs and wealth to the far east and anywhere else you could exploit labor. As you see America, capitalism has no country and no loyalty. American multinationals should be treated as though they are foreign entities with US operations and taxed to hell. If they leave who cares, they've already eliminated the American workforce.
It was late and it took awhile for me to figure out that what he is describing is rampant, not a crime and it's pretty much how the game is played across the board, kind of went on a roll from there.
the roll came about as I dug and dug, 12:30am, 1am, 1:30am, trying to figure out where this paper trail was for these "kickbacks" (which doesn't exist).
No genuine nationalism perhaps, but certainly the same phony nationalism National Socialism gave Germany, its IG Farbens and Krupps, and its people. Its the same abuse of tragedy - Reichstag Fire/9-11 - to justify the suppression of liberties, the same positing of phony casus belli - Gleiwitz/WMDs - to justify military aggression, the same depersonalization and torture of enemies - the Commissar Order/Abu Graib and its White House authors. I could go on and on with the parallels. Ours is a form of fascism alright; it certainly isn't parliamentary democracy. If you think we're in a democracy, try finding a sponsor in Congress for a resolution condemning the expansion of Israeli settlements on the West Bank. The American people would support such a resolution, but your "freely elected representatives" won't. Their just lobby chattle, filth.
They are focused in generating billions by trying to replace cash with some online transaction system and they are targeting that lucrative market called dog walkers.
An excellent compilation and presentation of data on this subject, along with the analysis of the consequences of your data.
I'm puzzled, though, with respect to one graph - on the "real home price index". Nominally, my understanding is that U.S. home prices roughly tripled between 1997 and 2006. And in nominal terms, home prices are not even at the half-way point to that starting point - the most-optimistic projection of a "bottom".
Yet when I look at your "real" price index, the price indices you chart there have suffered 2/3 to 3/4 of their expected declines.
Can you help me out with my confusion? Am I wrong about nominal prices, or is it possible that your data is off - based on the fictionalized, inflation data that the government churns out?
I just read this article about the canning of Wagoner.
Now here's the thing we missed. We did not look at GM's own restructuring plan as a public audience and evaluate it against what our pals Larry Summer's and Tim Geithner's $50 Billion dollar bankruptcy is doing.
I noticed this paragraph, buried in the piece:
The plan contained a provision to shed the Saturn, Saab and Hummer brands and cut 47,000 more jobs worldwide. The UAW would be asked to give up benefits and take on more health-care costs. Bondholders would be asked to exchange $27.5 billion in debt for $9.2 billion and equity.
A matter that still needed to be resolved was the prospect of a Chapter 11 filing. The government wanted a full exploration of the bankruptcy option.
As the four men talked about where in the report such a discussion might go, Henderson raised his hand.
“I want to write this section,” he said, according to a person familiar with the proceedings, who reconstructed the exchange. “I know what it should say.”
Appendix L, the section of the Feb. 17 plan that handled bankruptcy, took up the last 16 pages of the 117-page document. The overriding message: Bankruptcy would be a taxpayer nightmare. It would cost the U.S. about $33 billion to fix GM out of court, compared with $45 billion to $103 billion in court protection.
Is that true? $33B vs. $50B+ in U.S. taxpayer costs?
Lest we not forget, our government assumingly is all for GM offshore outsourcing 98% of production as part of the Ch. 11 bankruptcy....
So, did we miss the beat and not track on what was really going on with GM?
The bottom of the commercial real estate market will be when properties are sold at a discount, either by private investors willing to take the hicky or banks needing to purge their books of distressed assets. With the percentage of non-recourse loans on the books, our focus must remain on the banks. As long as we continue with tweaking the definition of 'distressed asset' and sending billions to these defunct institutions, we're delaying the inevitable. Inevitably a deluge of private investment dollars will be required to pull us out of this mess, and the private dollar is not buying at 2007 values. The banks must be big boys and take their losses, and quietly selling paper is not the answer.
I'm reading it and thinking, hmmmm, it's a 2 stage IPO with first all sorts of institutional member investors getting first dibs on shares....then the public?
Doesn't that put the public in a lower tier on returns and make the insider pre-IPO stock awards of the 90's more legal, except they must join this VC who is putting these together?
I'm not sure if this is a good thing or a bad thing, although enabling more start-ups (abet with better ability to execute and better business models!) in the U.S. is a must have to innovate the economy and help get out of the current mess.
did I mention the China PNTR was probably the biggest disaster for the United States since WWII?
Here is something I find that has some strong underlying racism.
The grandiosity of policy makers, way back when, that somehow we have to "help those people" of other nations or that somehow they would just endorse all United States business and agenda "because"....as if they did not have the smarts, the skills, the ability to plain beat our ass economically....
and that they would not be out to plain beat our ass economically....
I mean think about it. There is some underlying concept there which believes only the United States can put together a world economy and when it comes to 3rd world nations, ooh, they just need "help"....as if they couldn't simply cremate us with some smart strategy.
Now China laughs at us....ha, ha, ha....of course they are playing us as suckers only...to make sure our economic demise doesn't mess up their plans.
in WIA dislocated worker funds. I have dislocated workers everywhere standing in line for job training money, and I am so short on it that I have to screw around writing for NEG grants.
Obama has so screwed over MI, I can't believe I voted for the SOB. He is saving GM by destroying American jobs and offshoring the work (jobs) to China, S. Korea, and Mexico with our tax payer money. But hey, what else could anyone expect from his WS boy, Geithner.
If I'm indicative of what's to come and I hope I am, MI won't be blue again for a long, long time. I totally blame Clinton, the Democrats and Obama for all of this mess.
Great diary mfm. I am going to print it and hand it out to our WIB.
that is my guess. Hey, we're about looking at the details, the statistics, the policy and the effects....so, ya know, someone can be a nice guy, Charismatic, etc. and still have rotten policy or economics that are going to harm the long term growth of a sector or nation.
Either that or he is having a bad hair day.
Congratulations greedy corporate America. You have sucessfully given away the American lifestyle to the thankfull Chinese. For decades you have been transfering American jobs and wealth to the far east and anywhere else you could exploit labor. As you see America, capitalism has no country and no loyalty. American multinationals should be treated as though they are foreign entities with US operations and taxed to hell. If they leave who cares, they've already eliminated the American workforce.
brain boggle on terms. I guess I'd get an F in political categories, oh well, to me, it's who is writing the checks and who is getting them.
How about corporatism or global corporate feudal lords.
It was late and it took awhile for me to figure out that what he is describing is rampant, not a crime and it's pretty much how the game is played across the board, kind of went on a roll from there.
the roll came about as I dug and dug, 12:30am, 1am, 1:30am, trying to figure out where this paper trail was for these "kickbacks" (which doesn't exist).
No genuine nationalism perhaps, but certainly the same phony nationalism National Socialism gave Germany, its IG Farbens and Krupps, and its people. Its the same abuse of tragedy - Reichstag Fire/9-11 - to justify the suppression of liberties, the same positing of phony casus belli - Gleiwitz/WMDs - to justify military aggression, the same depersonalization and torture of enemies - the Commissar Order/Abu Graib and its White House authors. I could go on and on with the parallels. Ours is a form of fascism alright; it certainly isn't parliamentary democracy. If you think we're in a democracy, try finding a sponsor in Congress for a resolution condemning the expansion of Israeli settlements on the West Bank. The American people would support such a resolution, but your "freely elected representatives" won't. Their just lobby chattle, filth.
Political economy at its best. Doesn't really matter if a "crime" is committed or not. Just general principles of the economic common good.
Not only from China's perspective but ours as well. If we focused on improving our living standard maybe we wouldn't be the joker to the world.
We should have a single focus of improving our living standard and everything else will fall into place.
They are focused in generating billions by trying to replace cash with some online transaction system and they are targeting that lucrative market called dog walkers.
Looks like comrade Beria stepped in doggy poop. :-(
An excellent compilation and presentation of data on this subject, along with the analysis of the consequences of your data.
I'm puzzled, though, with respect to one graph - on the "real home price index". Nominally, my understanding is that U.S. home prices roughly tripled between 1997 and 2006. And in nominal terms, home prices are not even at the half-way point to that starting point - the most-optimistic projection of a "bottom".
Yet when I look at your "real" price index, the price indices you chart there have suffered 2/3 to 3/4 of their expected declines.
Can you help me out with my confusion? Am I wrong about nominal prices, or is it possible that your data is off - based on the fictionalized, inflation data that the government churns out?
Thanks.
Jeff
They have a right to laugh.
The U.S. is currently $63.8 TRILLION in debt with more to come.
Geithner and his buddy Bernanke are bumbling idiots.
So that financial conglomerates can horde all that money:
Loans by banks taking U.S. aid fall by $42 billion
Give us are damn money back! Part of that $12 trillion could have been used to lend directly to people and small businesses.
I just read this article about the canning of Wagoner.
Now here's the thing we missed. We did not look at GM's own restructuring plan as a public audience and evaluate it against what our pals Larry Summer's and Tim Geithner's $50 Billion dollar bankruptcy is doing.
I noticed this paragraph, buried in the piece:
Is that true? $33B vs. $50B+ in U.S. taxpayer costs?
Lest we not forget, our government assumingly is all for GM offshore outsourcing 98% of production as part of the Ch. 11 bankruptcy....
So, did we miss the beat and not track on what was really going on with GM?
Your great disaster in pictures was picked up on by Jim Sinclair's site, who appears to be a commodities/currency investor expert.
The bottom of the commercial real estate market will be when properties are sold at a discount, either by private investors willing to take the hicky or banks needing to purge their books of distressed assets. With the percentage of non-recourse loans on the books, our focus must remain on the banks. As long as we continue with tweaking the definition of 'distressed asset' and sending billions to these defunct institutions, we're delaying the inevitable. Inevitably a deluge of private investment dollars will be required to pull us out of this mess, and the private dollar is not buying at 2007 values. The banks must be big boys and take their losses, and quietly selling paper is not the answer.
Newberry wrote "dictatorship of the propertariat" not "dictatorship of the proletariat."
What do you guys think of this new hybrid IPO for startups?
Bloomberg article.
I'm reading it and thinking, hmmmm, it's a 2 stage IPO with first all sorts of institutional member investors getting first dibs on shares....then the public?
Doesn't that put the public in a lower tier on returns and make the insider pre-IPO stock awards of the 90's more legal, except they must join this VC who is putting these together?
I'm not sure if this is a good thing or a bad thing, although enabling more start-ups (abet with better ability to execute and better business models!) in the U.S. is a must have to innovate the economy and help get out of the current mess.
we have zero nationalism going on...it's kind of like if they can sell America down the river, well, they will jump right on that one.
did I mention the China PNTR was probably the biggest disaster for the United States since WWII?
Here is something I find that has some strong underlying racism.
The grandiosity of policy makers, way back when, that somehow we have to "help those people" of other nations or that somehow they would just endorse all United States business and agenda "because"....as if they did not have the smarts, the skills, the ability to plain beat our ass economically....
and that they would not be out to plain beat our ass economically....
I mean think about it. There is some underlying concept there which believes only the United States can put together a world economy and when it comes to 3rd world nations, ooh, they just need "help"....as if they couldn't simply cremate us with some smart strategy.
Now China laughs at us....ha, ha, ha....of course they are playing us as suckers only...to make sure our economic demise doesn't mess up their plans.
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