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POPSWhy cheaper oil signals trouble Deflation will win over inflation. But the "good news" will go on until just after the USA election. Then reality will begin to intrude its ugly head, again.
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POPSUK faces economic crunch "Here's a plea signed by ten thousand schoolchildren, begging you to join us and save them. Here's a plea from a home for the crippled. Here's a petition sent by the ministers of two hundred different faiths-Here's an appeal from the mothers of the country. Read them." "Is this an order?" "No!" cried Mr. Thompson. "It's not an order!" Galt remained motionless, not extending his hand for the papers. "These are just plain, ordinary people, Mr. Galt," said Chick Morrison in a tone intended to project their abject humility. "They can't tell you what to do. They wouldn't know. They're merely begging you. They may be weak, helpless, blind, ignorant. But you, who are so intelligent and strong, can't you take pity on them? Can't you help them?" "By dropping my intelligence and following their blindness?"
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POPSInflation Going Up, Up, Up Home foreclosures, income going down in real terms, mounting job losses, a high trade deficit, the greatest national debt in US history, the largest budget deficit in US history, a negative national savings rate, 48 million Americans with no health care coverage and twice that many with inadequate health care coverage, and now rapidly rising inflation. But the top 5% of income earners aren't hurting. They are doing quite well. In fact, some of them have never done better. When do look honestly at the obvious and say precisely what is going on? That the political and economic system is not structured to serve most of us. It's essentially structured to serve an elite few. After saying it, when do we get angry enough to say that this slanted economic system isn't inevitable, that it doesn't have to be this way? When does our saying become loud voices demanding that this stepchild of feudal economics needs to be transformed to serve us?
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POPSHey Pal, Can You Spare $100 Billion? Since then the shelves of many shops and supermarkets have been largely bare, except when owners are prepared to risk being caught charging prices that reflect the cost of importing goods from South Africa. Huge queues form outside any bakery selling bread at a controlled price, and demand far outstrips supply.
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POPSThe Group Of Eights' Empty Rhetoric With rising gas costs, Americans in a variety of polls have shown by a majority they now want to explore offshore drilling, so this move will be popular among that majority and John McCain has been pushing for it as well. Reported on June 26, 2008, the InsiderAdvantage/Poll, asks "Do you favor or oppose increased exploration and production of oil and natural gas off the coasts of Florida?” Favor (61%) Oppose (32%) No opinion (7%) Rasmussen- June 17, 2008: "67% Support Offshore Drilling, 64% Expect it Will Lower Prices." Zogby- June 26, 2008: "74 percent support offshore oil drilling in U.S."
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POPSCourt Moves To Charge Sudanese President al-Bashir With Genocide "The solution to problems and the current situation in Darfur is not completely independent from the work of the International Criminal Court." The German chancellor said she and Ban also discussed instability in Zimbabwe and the challenge of supporting Africa as food and fuel prices skyrocket. Merkel said that Germany had pledged €600 million (US$954 million) in emergency aid to African nations struggling to deal with rising prices. "Naturally, Germany is strongly committed to development aid." Ban was in Germany for a two-day visit that will also take him to Bonn, where several U.N. programs have their headquarters.
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POPSLowering Interest Rates Would Be A BIG Mistake Everyone knows the economy is in trouble right now, but not raising, and even lowering interest rates would be a BIG mistake. Because of inflation, people are spending more and more of their budgets on basic necessities like food, fuel, clothes, etc. While lowering interest rates might keep mortgages more accessible and affordable, if inflation keeps rising, even if mortgages are down to 5% people won't be able to afford them, because all of their money will be going to their basic necessities. We need to curb inflation so that people can still afford to live in general, before we start worrying about keeping big ticket items like houses more affordable. And as far as banks go, isn't a free-market system supposed to allow some institutions that aren't performing or are making bad decisions fail? By continuing to bail some of these banks out that were making horrible decisions, you're just reinforcing bad behavior.
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POPSBiofuels cause spike in food prices - duh! I currently think the U.S. is doing it all wrong. The Bush administration is very supportive of biofuels and drilling for oil, but they're not giving nearly enough support to wind and solar. Hopefully with a new President in a few months will come a much more effective energy policy.
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POPSThe Forgotten Cost of High Gas Prices "In the survey of agencies, more than 70 percent said it was more difficult to recruit and keep volunteers. A recent survey by the group concluded that home health and hospice workers drove 4.8 billion miles in 2006 to serve 12 million clients. “If we lose these agencies in rural areas, we’ll never get them back,” Mr. Halamandaris said."
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POPS$35 Billion Missing Money Sitting In State Treasuries Roughly $35 billion worth of state unclaimed funds are sitting in the different State Treasuries waiting for unclaimed property owners to come get their missing money from abandoned financial assets. The lost money piling-up because most people are unaware about being owed unclaimed money.
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