Showing posts with label layoffs. Show all posts
Showing posts with label layoffs. Show all posts

Friday, February 6, 2009

The End of Nations? and More For Friday, February 6, 2009


Our senior editor has come to the sad realization that he may not be around much longer. He has been unemployed for several months, is lacking unemployment insurance and has just run out of his own funds. He has been seeking employment all this time, but nothing. All this, and he has lost his appetite, too. He can barely put food into his own mouth, much less choke it down.

And of course, in our current economic mess, he wonders how many other folks are now facing starvation? Of course, he's thinking of those who were recently making as much as $ 80K - $ 100 K per year and are now facing eviction. Witness some of the i-Reports that appeared on CNN.com this week and the past. What a horrorshow. We're not talking about those nations in the Third World and/orlike Zimbabwe. We're referring to the new regime of poverty forming throughout the world. Look at the crises in the USA, Europe and China, to name just a few.

Originally, the image of Procyon lotor was loaded on this page in association with a seemingly "cute" story about some raccoons sneaking on the White House grounds. (Remember: they are prime vectors for Rabies and can be extremely dangerous in that regard). They are also well known for their comical antics of scrounging through trash cans and similar images.

Our senior editor wonders, hasn't he been reduced to the level of the Procyon lotor, isn't he about to start scrounging through trash cans and waste? No, he isn't, because he's lost his appetite, if you recall. He is not eating - or forcing himself to eat. He only shows a will to live in running this blog for as long as he can. But, we digress. Isn't the Procyon lotor becoming an emerging symbol for the state that the rest of humanity is entering? After the coming economic catastrophe, will or won't humanity be reduced to scrounging through trash cans and the "corpse of the old world" somewhat like in Beyond Thunderdome and the other Mad Max films? Is this the End of Nations?

And, our lead-link (see below) points to an End of Nations through a watery demise due largely to global warming (much like in Waterworld). It seems like the combined impacts of the economic collapse and the global warming-induced flooding of the earth would seem to presage the End of Nations? Should you be concerned? We think you should. If it does happen, and it seems likely, the racoon, the semi-accidental symbol of this posting, will be washing its waste in the newly formed Lake Washington D. C.

Collapse Of Antarctic Ice Sheet Would Likely Put Washington, D.C. Largely Underwater

http://www.sciencedaily.com/releases/2009/02/090205142132.htm

More Extreme Weather In The Arctic Regions

http://www.sciencedaily.com/releases/2009/02/090205083526.htm

Global Warming

http://en.wikipedia.org/wiki/Global_Warming

China suffering worst drought in 50 years

http://www.cnn.com/2009/WORLD/asiapcf/02/06/china.drought.half.century/index.html

La Nina seen gradually weakening in 2009: NOAA

http://www.newsdaily.com/stories/tre5144bq-us-weather-lanina/

El NiƱo-Southern Oscillation

http://en.wikipedia.org/wiki/La_Nina


US unemployment rate reaches 7.6%

http://news.bbc.co.uk/2/hi/business/7874955.stm

Unemployment Nation: 598,000 Jobs Lost in January

http://abcnews.go.com/Business/Economy/story?id=6815373&page=1

Canada lost 129,000 jobs in January: StatsCan

http://www.cbc.ca/money/story/2009/02/06/januaryjobs.html

Abitibi paper production to halt by Feb. 15

http://www.cbc.ca/canada/newfoundland-labrador/story/2009/02/06/abitibi-closing.html

AbitibiBowater

http://www.abitibibowater.com/

Video: Experts crunch jobs numbers

javascript:vPlayer('29051668','d685137a-141b-446d-bee1-1b3e8b61e448')

Firms that never had layoffs

http://www.yahoo.com/s/1026581

Job market could be bleak for years

http://www.msnbc.msn.com/id/29037931/

Panel: Bailout Overpaid $78B For Stocks

http://www.cbsnews.com/stories/2009/02/06/politics/main4779473.shtml

Obama taps range of experts for advice on economy

http://www.newsdaily.com/stories/tre5152l7-us-obama-economy/

Obama Adopts Campaign-Like Rhetoric to Push Stimulus

http://blogs.abcnews.com/politicalpunch/2009/02/with-campaign-l.html

Obama's Approval Rating: 62 Percent

http://www.cbsnews.com/stories/2009/02/05/link/blog/main4778776.shtml

Stimulus compromise gets one more chance

http://www.cnn.com/2009/POLITICS/02/06/stimulus/index.html

German industrial output plunges

http://news.bbc.co.uk/2/hi/business/7874565.stm

China's official data mask severity of slump

http://news.yahoo.com/s/ap/20090206/ap_on_bi_ge/as_china_economy;_ylt=An59fbGEpJRIOzx1FX9EEURvaA8F

Toyota triples year loss forecast

http://news.bbc.co.uk/2/hi/business/7873731.stm

Furlough Fridays begin for Calif. state workers

http://news.yahoo.com/s/ap/20090206/ap_on_bi_ge/california_budget;_ylt=AqotBuWGHMXjIHa7kxaDSUms0NUE;_ylu=X3oDMTFodmM5czZtBHBvcwMxNgRzZWMDYWNjb3JkaW9uX3RvcF9zdG9yaWVzBHNsawNmdXJsb3VnaGZyaWQ-

CEOs, Bankers Used Corporate Cards for Sex, Says NY Madam

http://abcnews.go.com/Blotter/story?id=6813806&page=1

Kmart recalls baked goods linked to outbreak

http://www.msnbc.msn.com/id/29052218/

Suspect peanuts sent to schools for lunches

http://www.msnbc.msn.com/id/29046457/

Bad food makers unstoppable, expert says

http://www.cnn.com/2009/HEALTH/02/05/peanut.recall/index.html

Video: 'I'd like to see some people go to jail'

javascript:vPlayer('29041736','cc67a974-6db4-4377-bf5c-e6b536988faa')

Scarred Ga. sugar blast victims hope for new rules

http://news.yahoo.com/s/ap/20090206/ap_on_bi_ge/refinery_blast_year_later;_ylt=ArgopZIWQq.eVF.e8UfNSeus0NUE;_ylu=X3oDMTFlN3MwaWlxBHBvcwM1NwRzZWMDYWNjb3JkaW9uX3Vfc19uZXdzBHNsawNzY2FycmVkZ2FzdWc-

Israel expels Gaza aid ship team

http://news.bbc.co.uk/2/hi/middle_east/7874020.stm

2 rockets fired from Gaza, Israeli military says

http://www.cbc.ca/world/story/2009/02/06/israel-rockets.html

U.S. image picks up, China and Russia worsen: poll

http://www.newsdaily.com/stories/tre5153ir-us-poll-image/

Canadian soldiers to target Afghan drug trade linked to Taliban

http://www.cbc.ca/world/story/2009/02/06/druglords-afghan.html

Md. Professor Accused In Genocide Arrested

http://www.cbsnews.com/stories/2009/02/06/national/main4779560.shtml



Malaysian MP removed from office

http://news.bbc.co.uk/2/hi/asia-pacific/7874068.stm

Mohammad Nizar Jamaluddin

http://en.wikipedia.org/wiki/Nizar_Jamaluddin

Pakistan nuclear scientist 'free'

http://news.bbc.co.uk/2/hi/south_asia/7873962.stm

Abdul Qadeer Khan

http://en.wikipedia.org/wiki/Abdul_Qadeer_Khan

Official: Pakistan kills 52 militants

http://www.msnbc.msn.com/id/29051757/

Treasure: Somali Pirates Snag $3.2M Ransom

http://www.cbsnews.com/stories/2009/02/05/world/main4778385.shtml

Afghans Face Death For Quran Translation

http://abcnews.go.com/International/wireStory?id=6817669

Kyrgyz closure of US base 'final'

http://news.bbc.co.uk/2/hi/asia-pacific/7873866.stm

Russia steps in amid Kyrgyz base flap

http://www.msnbc.msn.com/id/29032319/

Manas Air Base

http://en.wikipedia.org/wiki/Manas_Air_Base

Charges dropped in USS Cole bombing case

http://www.msnbc.msn.com/id/29042139/

USS Cole Bombing

http://en.wikipedia.org/wiki/USS_Cole_bombing

Obama to meet with 9/11, Cole victims' families

http://www.msnbc.msn.com/id/29051428/

Nigeria baby poison deaths rise






























Friday, November 21, 2008

The Bailout That Wasn't?



From an e-mail received from Senator Carl Levin - "Supporting the Auto Industry"

Immediate support is needed to shore up our automotive manufacturing sector and to preserve the more than 2.5 million jobs directly and indirectly linked to the U.S. auto industry. This morning, I testified in front of the House Financial Services Committee to emphasize the need for Congress to take swift action on behalf of our nation’s automakers. Standing idly by as the financial crisis decimates our domestic manufacturing capabilities and pulls our fragile economy further into recession is unacceptable.Throughout the world, the dire financial crisis continues to spur governments to provide assistance to their manufacturing industries, which are not able to obtain the credit they so vitally need to continue operations. Both Germany and the European Union are studying the possibility of providing support for their automotive industries. Australia has provided more than $4 billion in funding for its vehicle manufacturers. Automotive manufacturers in China are already voicing their expectation of financial assistance from their government as well. “The Chinese government will undoubtedly support us,” says She Cairong, general manager of JAC Motors, a Chinese automobile manufacturer. This quote appeared in a New York Times article this morning, highlighting China’s consideration of a plan to provide assistance to its domestic automobile companies.The spotlight is now focused on Congress, which is considering the possibility of rescuing the industry from an economic downturn not of its own making. President-elect Obama has called the U.S. auto industry “the backbone of American manufacturing” and said that the failure of our domestic automakers would be “a disaster” for our economy. President Bush, Speaker Pelosi, and both the Majority and Minority Leaders of the Senate agree that bridge loans for our domestic automakers are necessary at this time. I will continue to work with my colleagues in the Senate and the Congressional Leadership to come up with a plan that would provide auto manufacturers with the bridge loans they need to weather this financial storm.You can read the transcript of my testimony before the House Financial Services Committee by clicking on the following link: [http://levin.senate.gov/newsroom/release.cfm?id=305099]. During these difficult times, I am doing everything within my power to convince the Congress to provide the bridge loans for the domestic auto industry that the President, the President-elect and the leaders from both houses of Congress support.Sincerely,Carl Levin


In response to the Honorable Senator Carl Levin, we said: So much ballyhoo has been made of this by Congress that they should be ashamed of themselves - excepting yourself, of course.

The idea that Congress should not support these companies while continuing to support failed wars overseas is beyond belief. How many trillions of dollars has Congress wasted on these failed battles - not to say that the Bush administration has major responsibility for these failed wars? Where is the Bush administration support of these automakers anyway?

To think that we support these war efforts and not support our troubled domestic economy is just reprehensible. (We see a very strong link between the performance of our automakers and our economy.)

Our Congress (and our nation) seems to have forgotten that these automakers provided us with invaluable aid during our previous war efforts. Look at the tank production and other material produced in Michigan for WWII. Yet no one seems ready to acknowledge that.

Congress's failure to support these troubled companies is despicable. I only hope you can give them a piece of my mind and that of others.

Thank you so much.


Again, we'd like to say thank you to Senator Levin for his support and to our domestic automakers who supported us during our war efforts. They provided us with invaluable material for the victory, lest we forget. Except, the much discussed $ 25Bn doesn't even seem to be enough to cover their losses. We had best offer them $ 150Bn - at least. If the domestic automakers do survive, and we find ourselves in a major war with powers that will have dominated the world in a matter of decades, they will be on their hands and knees begging for their support. Unfortunately, Congress has now gone on holiday recess. Thanks guys!!!

We also did see the video of Sarah Palin talking while turkeys were being slaughtered behind her. We found it deeply troubling and darkly humorous.




http://news.bbc.co.uk/2/hi/business/7741463.stm

Weeks After Gov't Billions, Banks Still Suffer

http://blogs.abcnews.com/moneybeat/2008/11/abc-news-alice.html

Psychic's Economic Predictions

http://abcnews.go.com/Video/playerIndex?id=6301358

Fannie, Freddie Halting Foreclosures

http://abcnews.go.com/Business/Economy/wireStory?id=6301049

CNET: Obama's Cell Records Improperly Accessed

http://www.cbsnews.com/stories/2008/11/21/link/main4623048.shtml

GM to return two leased jets amid criticism

http://www.newsdaily.com/stories/tre4ak5eg-us-gm-jets/

Aid For Carmakers Stalls; Now What?

http://www.cbsnews.com/stories/2008/11/21/business/main4622988.shtml

Layoff Domino Effect: Is Your Job at Risk?

http://abcnews.go.com/Business/SmallBiz/story?id=6299989&page=1

Turkeys killed as Palin addresses media

http://www.msnbc.msn.com/id/27841028/

Meleagris

http://en.wikipedia.org/wiki/Turkey_(bird)

US justice boss faints during speech

http://news.bbc.co.uk/2/hi/americas/7742430.stm

Michael Mukasey

http://en.wikipedia.org/wiki/Mukasey

How states got cozy with Big Tobacco

http://redtape.msnbc.com/2008/11/ten-years-later.html

Islamists on trail of Somali pirates

http://www.newsdaily.com/stories/ll195510-us-somalia-conflict/

Shipper owner: Militaries must confront pirates

http://www.msnbc.msn.com/id/27840003/

Ex-crime chief arrested in Mexico




Thursday, October 23, 2008

For Thursday, October 23, 2008


So, apparently Crazy Al is admitting to the biggest error in the history of banking and finance, or even the biggest error ever made. And this is the worst image we could find of him on flickr.com? OOPS!!! We were wrong! We did a search on photobucket and found much viler, nastier stuff there, but not so much. irenegade7 is probably the worst of these. But, because children might be visiting this site, we won't be providing any links to that. But, we did think we would find much nastier and troubling images and lampoons of Crazy Al.
Is Crazy Al genuinely crazy for taking responsibility for the blunder(s) that might send the entire world into a global recession if not depression? Who talked him to taking the biggest fall in the world? We never thought of Crazy Al as the biggest patsy in the history of the world. So, Al, apparently it was a hands-off, largely unregulated, freewheeling banking and finance industry led by our you, our corporate leaders and our government "leadership" into global financial freefall? Is this Russia's "big chance" to take over and run the world economy? No, of course not, we didn't think you would think that. Wouldn't that just tickle Mr. Putin pink? Er, no pun intended there.



Massive Secret Uranium Shipment Revealed

http://www.cbsnews.com/stories/2008/10/23/world/main4540071.shtml

McCain Battles Palin Backlash

http://www.cbsnews.com/stories/2008/10/23/politics/washingtonpost/main4540272.shtml

New Details On Palin Shopping

http://www.cbsnews.com/stories/2008/10/23/link/main4541213.shtml

Campaign Drags Feet on Sarah Palin's Medical Records

http://blogs.abcnews.com/politicalradar/2008/10/palins-medical.html

Obama "Can't Imagine" Using McCain Tactics

http://www.cbsnews.com/stories/2008/10/22/earlyshow/main4539871.shtml


Machines change Dem vote to GOP vote

javascript:vPlayer('27321701','7a5e8a3b-723d-4fcb-bb69-fa54a9806a07')

Obama defends 'crisis' comments

http://news.bbc.co.uk/2/hi/americas/us_elections_2008/7685576.stm

McCain: Obama says ‘anything to get elected’

http://www.msnbc.msn.com/id/27336640/

First Read: Battlegrounds swing to Obama

http://firstread.msnbc.msn.com/archive/2008/10/23/1583632.aspx

Newsweek: NRA's misleading anti-Obama ad

http://www.newsweek.com/id/165307

Russia moves 'to boost market'

http://news.bbc.co.uk/2/hi/business/7686376.stm

China Arrests 6 Over Tainted Milk Scandal
















Wednesday, October 22, 2008

For Wednesday, October 22, 2008


http://news.yahoo.com/s/nm/20081022/us_nm/us_financial_usa_housing;_ylt=At8VEGoddpGQ29UAJK8aNXSs0NUE

Mortgage applications sink to 8-year low

http://news.yahoo.com/s/nm/20081022/bs_nm/us_usa_economy_mortgages;_ylt=AmOi9E96vVgqlRrZFzBHacwDW7oF

Downsizing to a house the size of a shed

http://www.cnn.com/2008/LIVING/wayoflife/10/22/tiny.houses/index.html

Warning over US election problems

http://news.bbc.co.uk/2/hi/americas/us_elections_2008/7683677.stm

Early voting suggests record turnout

http://www.cnn.com/2008/POLITICS/10/21/early.voting/index.html

Poll: Americans angry, worried over nation

http://www.cnn.com/2008/POLITICS/10/21/america.poll/index.html

Big Donors Drive Obama's Money Edge

http://www.cbsnews.com/stories/2008/10/22/politics/washingtonpost/main4538028.shtml

GOP spends $150,000 for Palin's wardrobe

http://www.msnbc.msn.com/id/27320899/

Report: Palin Billed Alaska for Family Travel

http://abcnews.go.com/Politics/Decision2008/wireStory?id=6082589

Palins' depositions set for Friday

http://www.msnbc.msn.com/id/27308576/

Ticker: Palin misstates VP role

http://www.cnn.com/linkto/ticker.html

Fineman: Obama targeting McCain's own state?

http://www.msnbc.msn.com/id/27315660/

Poll: Obama opens biggest lead over McCain

http://www.msnbc.msn.com/id/27297013/

Homeowners 'innocent bystanders,' McCain says

http://www.cnn.com/2008/POLITICS/10/22/mccain.blitzer/index.html

Horserace: McCain On The Wrong Side Of Big 'Mo

http://www.cbsnews.com/stories/2008/10/22/link/main4538256.shtml

No cavalry coming for McCain

http://news.yahoo.com/s/politico/20081022/pl_politico/14811;_ylt=AmV6UqsU_XxuS19p94iZohKs0NUE

Democrats' gloom deepens

http://news.yahoo.com/s/politico/20081022/pl_politico/14800;_ylt=Ahh9SNRFiFlhLhHm7SePoO2s0NUE

NYT: On health plans, candidates' numbers fly

http://www.msnbc.msn.com/id/27315199/

Martin: Republican attacks are desperate

http://www.cnn.com/2008/POLITICS/10/22/martin.politics/index.html

Calif. protester tries to handcuff Karl Rove

http://www.msnbc.msn.com/id/27317871/

Germans hoping to get past ‘Bush-fatigue’

http://worldblog.msnbc.msn.com/archive/2008/10/22/1579211.aspx

Feds rush to ease endangered species rules

http://www.msnbc.msn.com/id/27312289/

Campbell Brown: Pictures of excess

http://www.cnn.com/2008/POLITICS/10/21/campbell.brown.portraits/index.html

Report: Drug Deaths, Problems Set Record

http://www.cbsnews.com/stories/2008/10/22/health/main4538784.shtml

S. Korea finds melamine in China eggs products

http://www.msnbc.msn.com/id/27320256/

BBB warns of 'grandma scam'

http://www.clickondetroit.com/cnn-news/17772185/detail.html

Feds: Bank Threats Sent From Amarillo, TX

http://abcnews.go.com/Blotter/story?id=6082535&page=1