watch Angelica Navarro.
talks in Copenhagen to come....
her first book, No Logo, has been reissued.....
http://www.democracynow.org/2009/11/23/naomi_klein_on_climate_debt_why
Friday, November 27, 2009
Another heroine.....
Naomi Klein again....
watch Angelica Navarro.
talks in Copenhagen to come....
her first book, No Logo, has been reissued.....
http://www.democracynow.org/2009/11/23/naomi_klein_on_climate_debt_why
watch Angelica Navarro.
talks in Copenhagen to come....
her first book, No Logo, has been reissued.....
http://www.democracynow.org/2009/11/23/naomi_klein_on_climate_debt_why
Corporate Communications Textbook
Wow, here are the chapter headings from THE hornbook in corporate communications:
http://salem-news.com/articles/november222009/greenscam_2_ew.php
http://salem-news.com/articles/november222009/greenscam_2_ew.php
Tuesday, November 24, 2009
What a difference a year makes...
A year later, what can I say. Nothing. I wait.
4 what do you wait?
Something happening here?
Here u r 4 a reason.
Be patient.
4 what do you wait?
Something happening here?
Here u r 4 a reason.
Be patient.
Sunday, November 15, 2009
"Well, I wrote a whole chapter in my first book, Other People's Money, right after I left Goldman Sachs, predicting what would happen if you don't regulate credit derivatives
Aside from that, between June 2006 and June 2007, foreclosures had increased by more than 50 percent. This was public information leading up to the crisis. Paulson, of all people, having just jumped into his position from having been the CEO of Goldman Sachs should have known that when foreclosures and defaults rise to that kind of extent, it means that securities created on the notion that this wouldn't happen were going to be doomed, and therefore all trading and borrowing that used those securities, now called toxic assets, as collateral were going to hit a tremendous speed bump.
So, either he was being a complete idiot and learned nothing during the 12 years he ran Goldman, or ......
Only $1.4 trillion worth of subprime loans were extended between 2002 and 2007. On the back of those loans, the industry created $14 trillion worth of various types of assets and borrowed up to 10 times that amount using those new assets as collateral........
For the money spent on subsidizing the industry, the government could have bought out every single outstanding mortgage in the country. Plus, every student loan and everyone's health insurance. And on top of that, still have trillions of dollars left over........
Someone has to track the government bailout checkbook! Here it is: http://www.nomiprins.com/bailout.html
The Fed didn't have to allow Goldman and Morgan Stanley to become bank holding companies in a Sunday night fear feast on Sept. 21, 2008, and thereby solidifying the ability of those two firms to access federal subsidies and FDIC backing for new debt they issued.
The Fed definitely didn't have to allow, or better yet, encourage Bank of America to acquire Merrill Lynch, JPM Chase to acquire Bear Stearns and Washington Mutual, or Wells Fargo to merge with Wachovia. All of these megamergers are resulting in greater risk-taking than before the crisis.
What the Fed should have done, most importantly, is give the same, or greater, subsidies to individual or small businesses facing their own credit problems or home foreclosures......
Paul Volcker, is the one guy on the Obama team calling for a separation of commercial and investment banks and rightly warning that if we don't do that, we have set ourselves up for a greater fall.....
A bipartisan Congress, Republican treasury secretary and Democratic president -- FDR, established the Glass-Steagall Act. It was enacted to segment the financial industry into two parts -- commercial banks dealing with the public, and thus taking less risk, and receiving more government backing, and investment banks dealing with speculations and not getting government capital for their self-made problems.
In 1999, a bipartisan Congress repealed Glass-Steagall in a 90-8 vote ([Arizona's Sen.] John McCain didn't vote). Two senators in particular, Byron Dorgan, D-N.D., and the late Paul Wellstone, D-Minn., warned of the impending cost to the American people of recombining the banking system and allowing any commercial bank to merge with any investment bank and insurance company. They were right.....
As banks merged with a vengeance across once-defined lines, they needed more and more capital to buy each other and in order to compete with each other -- it didn't matter how they got it or concocted it in shady assets. The result was poorer reporting standards on risk, greater speculative appetite and a multitrillion bailout.
Yet, to this day, there are very few voices in Washington talking about bringing back Glass-Steagall. Sure, they worry about banks being too big to fail or "systemically important" as Treasury Secretary Geithner and Federal Reserve Chairman Bernanke put it.
Still, is anyone mentioning the most logical way to take care of the pending disaster: chopping them up, making them smaller, more transparent and more easily backable and regulatable? No. It boggles the mind.
Amy Goodman with John Perkins & Philippe Diaz
" ....Profits are OK within the context of a world with a level playing field."
philippe diaz
$200 billion/year - follow the flow - south finances the north
30%> consumption than planet can replace
need 6 planets for all to live like we do in the U.S.
each 3.6 seconds, person dies of starvation.
how many people will we kill before we wake up to facts? RESOURCES ARE LIMITED
1492 - europe decided to expand.... french brits dutch to indonesia, africa
take away land... create a slave... cannot grow food, so must sell labor - then take water, timber, minerals....
must create more poverty in south to fund the north
17 died on the job - 419 died as a result of their work
documented cases of slave labor in sugar cane industry......health, food, shelter used to be provided by slave owner! now they load up the truck and take day labor....
create fake debt AND force privitization - THIS IS THE FORMULA
jeff sacks - ruined bolivia’s economy by forcing privitization.
--- intro John Perkins’ story......
MORE than global warming is going on!
FILM IS DEDICATED TO THE CHILDREN OF THE WORLD
20,000 die each day.
IDEA: tax property, not labor!
work less, consume less but better......
it is a mathematical problem......
------ clip of the film END OF POVERTY john perkins interviews vice-president of Bolivia for the film --------
bolivia has many natural resources, and lots of poor people. “colonial condition” a paradoxisn’t it? - colonialism is part of development of capitalism, NOW we MUST globalize in a way other than accumulation of capital!
what should bolivia do to make change? 9 million people. 62% indiginous. city and farmland. 32 indiginous groups/nations. in 181 years of political rule, have never been recognized as citizens with rights! past 5-6 years in latin america, movement of world citizenship and planetary responsibility, is beautiful, bolivia wants to live a better life. 58% live on < $2/day
------------------------------------------------------
amy goodman interviews john perkins, new book “Hoodwinked, an economic hitman reveals why world imploded and what is needed to fix them.....
explains what an economic hitman is.....
(build infrastructure in the 3rd world; put country in debt..... go back later to get a pound of flesh, oil/build military base/ or jackals come in and overthrow those in power....
mutant, viral form of capitalism has developed in last 30/40 years, late 70’s..... beginning with Reagan and Milton Friedman: MAXIMIZE PROFIT is their objective. Regulation is bad. Privitize. Is predatory capitalism - unjust/dangerous world results.
Sick Things:
```goldman sacs,
```jack welch (Mfg. to Fin. Srv. company transition.... got rid of 25% of staff...),
```citi group,
children all across the world must have a level playing field.
internet. cell phones. democracy now. are all around the world!
we are one now.
recent hondorus coup:
perkins was in panama when it happened
Zalia, the democratically elected president wanted new constitution, and 60% > in wage rate
Dole, Chiquita (formerly United Fruit) objected!
(Aristead in Haiti did something similar)
school of americas grad brought in to overthrow Zalia (United Fruit did this in guatamala in the 50’s.)
in the southwester hemisphere, 10 countries, new leaders......
corporations draw a line in the sand HERE.
the swirling clouds are the big corporations......
geopolitics...... they call the shots..... know no national boundries...... market/resources rule...... obama is in, and corporations are still calling shots, so PEOPLE MUST RISE
Profits are OK within the context of a world with a level playing field.
Our HOMELAND is this planet.
Melting Glaciers - tibet several years ago, glacier was at road and @ that time was then a mile away. supplies water to china and india. lead to 5 major rivers..... what if they dry up?
one of root causes of terrorism: results from starvation, desparation. driven off farmlands by hydroelectric plants....
perkins has interviewed many of them.....
somali pirates - can no longer fish in their waters to feed people..... fished dry or nuclear contamination from u.s. military vehicles.....
need set of laws: businesses must be environmentally and socially responsible. give them a charter - must prove they serve the public interest ... (late 1800 court decision, corporations are “entities” - Rockerfeller took it and ran with it!. Must change this law.) CORPORATIONS are there to serve THE PEOPLE. Charter can be REVOKED if public interest is not served....
End-of-Interview
Friday, November 6, 2009
It IS this simple folks!!!!! Do the math (if u kan).
..."If a Wall Street magician can conjure up any contract or security "derived" from the value of something real -- oil prices, mortgages, corporate debt, or literally anything else -- it's called a derivative. As a derivative, it doesn't have to be regulated the way other Wall Street securities are. Shockingly, after Congress passed landmark legislation in 2000 banning the regulation of key derivatives, the market absolutely exploded, with 95 percent of it concentrated at five too-big-to-fail banks.......
"Say I've got $10, and I want to bet on a stock. Turns out, it's a good bet, and the stock jumps 10 percent. I just made $1. Whoo-hoo. But say I borrowed $500 before I made the same bet, and the stock made the same 10 percent gain. I just made $51. That's a profit of over five times on my initial $10. Now we're talking real money.
But what if my stock loses 10 percent? I'm out $51. The trouble is, I've only got $10 -- everything else I borrowed. I just lost more than five times the money I actually had, and I don't have enough to pay back my $500 loan. If I were a corporation, I would be outrageously bankrupt.
That's what Wall Street just did.
The way to fix this is to require companies to have lots of cold, hard cash on hand to keep them from destroying themselves if their bets don't pay off. This cash is called "stock" or "equity." Obama, Congress and the Federal Reserve have all been tight-lipped about how seriously they want to rein in leverage, but at the height of the crisis, banks like Citigroup were leveraged at more than 50 to 1: for every $50 in borrowed money Citi bet with, it had just $1 of its own money on hand.
Saying what the right leverage ratio is can be tricky, but 10-to-1 is the traditional range of safety....."
"....If a major derivatives dealer like JPMorgan Chase or Morgan Stanley were to fail, it's almost impossible to determine what else would go down with them.
The best way to deal with the derivatives mess is to require that they be traded on an exchange, just like ordinary stocks. Exchange trading lets everybody know what everyone else is up to, and it requires a disinterested third party to sign off on the transaction. E.g., if a hedge fund wants to use derivatives to make a crazy bet on subprime mortgages with AIG, and the exchange knows AIG doesn't have the money to cover the bet, the exchange won't let the trade go through...."
"Say I've got $10, and I want to bet on a stock. Turns out, it's a good bet, and the stock jumps 10 percent. I just made $1. Whoo-hoo. But say I borrowed $500 before I made the same bet, and the stock made the same 10 percent gain. I just made $51. That's a profit of over five times on my initial $10. Now we're talking real money.
But what if my stock loses 10 percent? I'm out $51. The trouble is, I've only got $10 -- everything else I borrowed. I just lost more than five times the money I actually had, and I don't have enough to pay back my $500 loan. If I were a corporation, I would be outrageously bankrupt.
That's what Wall Street just did.
The way to fix this is to require companies to have lots of cold, hard cash on hand to keep them from destroying themselves if their bets don't pay off. This cash is called "stock" or "equity." Obama, Congress and the Federal Reserve have all been tight-lipped about how seriously they want to rein in leverage, but at the height of the crisis, banks like Citigroup were leveraged at more than 50 to 1: for every $50 in borrowed money Citi bet with, it had just $1 of its own money on hand.
Saying what the right leverage ratio is can be tricky, but 10-to-1 is the traditional range of safety....."
Wednesday, November 4, 2009
Great Christmas Present Folks!
Roast your chicken in a glass, halogen powered oven.
Where is the "break-even" point? Let's do some math..... 1/8 the cost of conventional electric oven....
Cooks 3x faster..... you WATCH the food cook thru the glass....
What are the environmental impacts? Any health issues from halogen?
Read more: http://www.dailymail.co.uk/femail/food/article-1224816/Halogen-ovens-They-roast-chicken-30-minutes-clean-cost-just-40.html#ixzz0Vv4UkOGz
Where is the "break-even" point? Let's do some math..... 1/8 the cost of conventional electric oven....
Cooks 3x faster..... you WATCH the food cook thru the glass....
What are the environmental impacts? Any health issues from halogen?
JML HALOGEN OVEN, £59.99
For my money this is the most appealing-looking model. The temperature and timing dials are easy to use. The lid fits easily on the bowl and the handle is sturdy.
But again, there's no lid stand and I had to clear a space beside the oven for a heat proof board that I could place the red hot lid on.
The JML halogen oven looks good and is easy to use
Also you can't turn the timing control backwards if you make a mistake as this could damage the timer. Instead, if the timer is set longer than required, you have to turn the oven off and wait for the timer to naturally count down to the time required.
The chicken cooked through in just 40 minutes but didn't crisp and looked decidedly unappetising. However, it tasted nice and moist. The vegetables were more crunchy than I would have liked and tasted boiled rather than roasted.
The pudding cooked in five minutes and tasted OK.
VERDICT: 5/10. Easy on the eye but with no lid stand it's tricky to use and the food was disappointing.
- 0800 781 7831 www.jmldirect.com
Read more: http://www.dailymail.co.uk/femail/food/article-1224816/Halogen-ovens-They-roast-chicken-30-minutes-clean-cost-just-40.html#ixzz0Vv4UkOGz
"It's the Economy, Stupid!"
The insane games rich white men play with the economy...... LISTEN to the woman! She makes big sense!!
Her objective in speaking this interview: "I hope readers will come away with more information and a renewed fighting spirit." But in my world, people do not have the education or experience or attention span or intellectual ability (pick one or more of the above..... feel free to send me additional reasons to list here....) I await the day that this behavior changes, and it will.......
j.j.
Nomi Prins is a senior fellow at the public policy center Demos and author of It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street.
This woman is right on: experts from her interview are listed below:"Well, I wrote a whole chapter in my first book, Other People's Money, right after I left Goldman Sachs, predicting what would happen if you don't regulate credit derivatives....
Aside from that, between June 2006 and June 2007, foreclosures had increased by more than 50 percent. This was public information leading up to the crisis. Paulson, of all people, having just jumped into his position from having been the CEO of Goldman Sachs should have known that when foreclosures and defaults rise to that kind of extent, it means that securities created on the notion that this wouldn't happen were going to be doomed, and therefore all trading and borrowing that used those securities, now called toxic assets, as collateral were going to hit a tremendous speed bump.
So, either he was being a complete idiot and learned nothing during the 12 years he ran Goldman, or .....
Only $1.4 trillion worth of subprime loans were extended between 2002 and 2007. On the back of those loans, the industry created $14 trillion worth of various types of assets and borrowed up to 10 times that amount using those new assets as collateral.....
For the money spent on subsidizing the industry, the government could have bought out every single outstanding mortgage in the country. Plus, every student loan and everyone's health insurance. And on top of that, still have trillions of dollars left over.....
The Fed didn't have to allow Goldman and Morgan Stanley to become bank holding companies in a Sunday night fear feast on Sept. 21, 2008, and thereby solidifying the ability of those two firms to access federal subsidies and FDIC backing for new debt they issued.
The Fed definitely didn't have to allow, or better yet, encourage Bank of America to acquire Merrill Lynch, JPM Chase to acquire Bear Stearns and Washington Mutual, or Wells Fargo to merge with Wachovia. All of these megamergers are resulting in greater risk-taking than before the crisis.
What the Fed should have done, most importantly, is give the same, or greater, subsidies to individual or small businesses facing their own credit problems or home foreclosures....
Paul Volcker, is the one guy on the Obama team calling for a separation of commercial and investment banks and rightly warning that if we don't do that, we have set ourselves up for a greater fall....
A bipartisan Congress, Republican treasury secretary and Democratic president -- FDR, established the Glass-Steagall Act. It was enacted to segment the financial industry into two parts -- commercial banks dealing with the public, and thus taking less risk, and receiving more government backing, and investment banks dealing with speculations and not getting government capital for their self-made problems.
In 1999, a bipartisan Congress repealed Glass-Steagall in a 90-8 vote ([Arizona's Sen.] John McCain didn't vote). Two senators in particular, Byron Dorgan, D-N.D., and the late Paul Wellstone, D-Minn., warned of the impending cost to the American people of recombining the banking system and allowing any commercial bank to merge with any investment bank and insurance company. They were right.....
As banks merged with a vengeance across once-defined lines, they needed more and more capital to buy each other and in order to compete with each other -- it didn't matter how they got it or concocted it in shady assets. The result was poorer reporting standards on risk, greater speculative appetite and a multitrillion bailout.
Yet, to this day, there are very few voices in Washington talking about bringing back Glass-Steagall. Sure, they worry about banks being too big to fail or "systemically important" as Treasury Secretary Geithner and Federal Reserve Chairman Bernanke put it.
Still, is anyone mentioning the most logical way to take care of the pending disaster: chopping them up, making them smaller, more transparent and more easily backable and regulatable? No. It boggles the mind."
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