Two governorships have fallen to Republicans, if the headlines have it right.
Yet most of the pundits are saying this is not a sign of disenchantment with the Congress and the President, but only local politics.
I’m not sure I agree. I think it is a sign that the “ordinary” folks are worried, and that they trust […]

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Ah, a British paper just pooh poohed the British victory at the Battle of Agincourt, saying that Prince Hal was not outnumbered 4 to 1, merely outnumbered 2 to 1.
Actually, the author misses the point, which is that the elite knights of France got slowed down by the mud and were massacred by ordinary British […]

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When in 2002 the Benetton Formula One team morphed into Renault it was clear that what the French car giant was seeking to do was to secure brand value from the move, in return, of course, for funding. Constructors’ and Drivers’ championships in 2005 and 2006 will undoubtedly have given the brand a major boost […]

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So President Obama is scrapping the Bush “Missile Defense program” that was planned to protect Europe from Iran.
Yes, I know. There is some question if the missile defense was any good against the actual threat, and all it seemed to do is irritate Russia. And it’s not like the program would merely be scrapped: there […]

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Leave it to leftist Hollywood to completely circumvent the truth of the sub-prime mortgage fiasco and turn it into more class warfare against the evil capitalists. Here are quotes they are using to advertise this left-wing socialist propaganda titled “American Casino” that is playing in select cities:
 “American Casino is a powerful and shocking look at […]

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I can’t claim that I ever understood the world of high-finance or what drives the stock market — and now I’m more confused than ever but I have a theory:
Since President Obama moved into the oval office the national debt has skyrocketed; unemployment is at a record high in many places; there is legislation […]

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The Editorial Board of the New York Times has just sent a warning shot across the bow of the Democrat who are trying to fast track a health care bill:
They published an editorial by Dr. Peter Singer, who is best known for his promotion of the idea that infanticide is okay, but consensual sex with […]

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Short Answer: marginally.
Long Answer: There was much sturm und drang over Extended Stay America’s (ESA) Chapter 11 bankruptcy filing on Monday. Of primary concern to this investor is how the filing may affect Ashford Hospitality Trust’s (AHT) $98 million mezzanine loan that was made to ESA last year.
For investors, it’s important not to panic and […]

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Short Answer: marginally.
Long Answer: There was much sturm und drang over Extended Stay America’s (ESA) Chapter 11 bankruptcy filing on Monday. Of primary concern to this investor is how the filing may affect Ashford Hospitality Trust’s (AHT) $98 million mezzanine loan that was made to ESA last year.
For investors, it’s important not to panic and […]

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Last week, Citron Research issued a report on World Acceptance Corporation (WRLD) that demonstrated a staggering degree of either ignorance or malfeasance. Their tabloid-style reporting seems designed to maximize fear in stockholders. One could reasonably assume it is because Citron is short the stock. They claim there is a disconnect between reality and what World […]

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There is a happy news for IT industry in India. Despite whatever may happen worldwide, now there is a plan for bringing in revolutionary chages that may enable India take giant steps towards realizing its goal to be an IT super power in the world.
The indications are available in the IT Vision document that BJP […]

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MEMO TO: Richard Feducci, Overlord of Finance
FROM: E Pluribus, Wondergod
SUBJECT: Five Year International Finance Plan
DATE: January 1, 2005
Happy New Year, Rich. Got some good news and some bad news. The bad news: We’re going to let the American economy crater. The good news: Everybody else’s will, too. The best news: By 2010, we’ll be on […]

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Stanford International Bank may not have been investing client funds in the kind of secured assets they had claimed.  Among the many revelations in the unfolding scandal was the company’s majority position in Health Systems Solutions, Inc. (HSSO.OB), a pink-sheet stock with negative shareholder equity, that has been operating at a loss for several years.   […]

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No, I’m not quoting the well worn joke: World ends, women and minorities affected most.
I’m just observing how the economic downturn is affecting those in our area of the Philippines.
One of my medical journals (registration required) says the World Health Organization is worried that the worldwide recession will result in people chosing to wait for […]

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Couldn’t help but ho ho over a Reuters report that New Jersey Governor Jon Corzine was among a group of governors urging the federal government to provide the nation’s states with a $1 trillion special stimulus package. The money would be used for general fund purposes (education, unemployment benefits, etc.) as well as for public […]

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The intriguing story  that ExxonMobil has Royal Dutch Shell (RDS) in its sights will send shivers down the spines of Shell’s senior executives as they plan their strategy for 2009 and beyond. It may also give much food for though to those in the European Union who want to keep European hands on key energy […]

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Subtitle: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century
Although American Theocracy is Kevin Phillips’ thirteenth book, it is the first one I have read. In fact, I had never even heard of Mr. Phillips until I saw him on Charlie Rose a few years ago. That interview coincided […]

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David Schussler
So I’m sitting on the toilet, it’s six thirty AM, and I’m thinking about how good it is to be relieving myself of bodily toxins early in the morning. I’m going to have a good day. I’m remembering the lessons I learned while living alone in the bush and having time to understand my […]

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The BBC has an interesting article about a “perfect storm”: economic collapse, high inflation,high unemployment, and an up and coming election.
No, not the US: Iran.
Some background:
A couple months ago, oil prices surged to $150 a barrel, causing food and other everyday commodity prices to climb. Here in the Philippines, the government intervened by subsidizing low […]

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It has been reported recently in telegraph UK that a large scale fraud has been discovered in UK where the Credit Card swiping devices supplied by China were found to have been tampered with in such a manner that the swiped card data was being sent to China and Pakistan for cloning.
The incident reveals a […]

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David Schussler
Even Barack’s friends and acquaintances do not know who he is. Just read the following article written by Barack’s acquaintance Richard A. Epstein Senior fellow at Stanford’s Hoover Institution and professor of law at the university of Chicago. Epstein’s article on Forbes.com asserts:
“[Barack Obama’s] program has three
key components, which, taken together, can convert a […]

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Despite the sore shoulder German Finance Minister Peer Steinbrueck has received by patting himself there so vigorously, he has expressed delight at financial markets’ reactions after Germany’s 500 billion Euro rescue package (in Europe it’s forbidden to call these packages bailouts) was endorsed by the Merkel cabinet, the biggest state intervention in the Germany economy […]

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Remember “change we can believe in”? How about “the straight talk express”? The first is the mantra of believers in Barack Obama, the second was John McCain’s war wagon during his 2000 primary fight for the Republican nomination. Though Dubya ultimately prevailed, McCain’s image as political brave heart got a righteous polishing. Even after he […]

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David Schussler
newsweaver
This is a quote attributed to Barry Goldwater Jr. because that is where I heard it last week. The statement was from Mr. Goldwater, as part of a TV interview, in reference to the economic breakdown of our nation now ensuing. I believe it to be right on the money.
Now I’ve had a lot […]

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Disillusion is perhaps the better word, come to think of it. This certainly isn’t the best way to start your week. Long believing, hoping that all of this is somehow only just a horror movie (it’s only a movie, it’s only a movie…), the reality bites from the financial crisis meltdown have now bitten Germany […]

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Perhaps it says a lot when we hear that Congress is putting “pork” in the huge bailout bill. So what else is new?
The press is not much help, since they go out of their way to interview congressmen who have taken money from the two quasi government programs that started the mess, i.e. Fannie Mae […]

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After meeting nearly around the clock for two days, a bipartisan group of Congressional leaders reached a tentative agreement with the Bush administration early Sunday morning on a compromise financial bailout bill that is less sweeping than the original proposal crafted by Treasury Secretary Henry M. Paulson, and includes more oversight, accountability and taxpayer protections. […]

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A year ago the leader of the British Conservative Party gave a passionate and adroit speech in which he outlined his guiding principles – those which, he said, would underpin Conservative policy and legislation if they come to power. These are some of the statements from that speech:
“Every generation of Conservatives has to make the […]

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London Mayor, Boris Johnson, the most senior Conservative in office in Britain was at least beguilingly honest in his paean to the City of London in his recent Daily Telegraph column.
Like many a Tory who over the years has enjoyed the hospitality, and maybe even the company, of the mega-rich bankers and industrialists of Britain […]

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As an observant Stern journalist put it, German know-it-all Finance Minister Peer Steinbrück can lash out at the American failings that have lead to the current financial market crisis all he wants to, what he and other vocal German critiques of late are really doing is covering up their own grave shortfalls. Germany is sliding […]

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