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POPSOf bulbs and bubbles During the European Renaissance, it was, nevertheless, financial measures almost exactly like those used by banks and financial institutions today which freed up the flow of wealth to produce economic growth, and thence the great flowering of art and culture, creating the accumulation of glorious artistic treasures now housed in museums and galleries worldwide.
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POPSALMOST ARMAGEDDON (?) The injection of capital into the market was followed up by calls from Treasury Secretary Hank Paulson to major money market players like Bank of New York Mellon and State Street in Boston informing them that federal money was in the market and they should tell their clients the Feds would be back with a plan to stem the constriction in the credit market. Paulson knew the $105 billion injection was not a real solution. A broader, more radical answer was needed. Hours after Paulson made his round of calls to calm the industry, word leaked out that an added $1 trillion bailout of banks was being readied. Investors cheered. At about 3 p.m., news of the plans was filtering up and down Wall Street, fueling a 700-point advance in the Dow Jones industrial average through 4 p.m. Friday. By that time, Paulson had announced the plan.
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POPSOil Posts Biggest Gain as Traders Caught in End-Month Squeeze
Oil has risen 33 percent since Sept. 16 as lawmakers pledged fast consideration of the Treasury's plan to buy devalued mortgage-related securities. We are back to the cycle that pushed prices to records earlier this year.'' Gasoline for October delivery increased 10.41 cents, or 4 percent, to settle at $2.7038 a gallon in New York. Heating oil rose 14.52 cents, or 5 percent, to settle at $3.043, the biggest single-session gain since June 6. Regular gasoline, averaged nationwide, declined 1.8 cents to $3.739 a gallon, AAA, the nation's largest motorist organization, said today on its Web site. Pump prices reached a record $4.114 a gallon on July 17. Crude oil prices are ``too high'' because the global economic slowdown may spread and cut consumption, the International Energy Agency's deputy executive director said. ``Gold, silver, oil, copper, just about any hard asset, is looking good at this point,'' said Michael Fitzpatrick, VP at MF Global Ltd. in New York.
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POPSAustrailian Rock Art - New Find This indigenous version of a history book rivals anything similar in the world and holds the key to Australia's ancient and modern history, according to scientists who have just returned from an expedition to the Djulirri rock shelter in the Wellington Range. The Griffith University archaeologist Professor Paul Tacon, one of five scientists who travelled to Djulirri, said it was of international significance, unprecedented in artistic and technical merit and telling a new story of contact between Aboriginal people and the world. Contrary to the popular view that indigenous Australians were isolated on their island continent, waves of other seafaring visitors arrived long before British settlement. For hundreds of years there may have been an export economy in northern Australia driven by the Chinese appetite for trepang, or sea cucumber.
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POPSThirty killed as Mogadishu is shelled
Islamic militants with ties to al-Qaida have been fighting the government and its Ethiopian allies for control since their combined forces pushed the Islamists from the capital in December 2006. Within weeks of being driven out, the Islamists launched an Iraq-style insurgency that has killed thousands of civilians to date. In recent weeks, the militants appear to be gaining strength and sidelining the fragile government. The group, known as the Council of Islamic Courts, has taken over the port town of Kismayo, Somalia's third-largest city, and dismantled pro-government roadblocks. They also effectively closed the Mogadishu airport by threatening to attack any plane using it. "We keep recruiting new fighters to prepare them for the holy war against Ethiopian troops in our country and their Somali stooges," said Sheik Muhumed, a commander with al-Shabab, the group's military wing. The United States considers al-Shabab a terrorist group, raising fears Somalia could become a have
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POPSOne Week Later, a New World Order This restructuring of our financial markets is moving so fast, without any planned or studied direction, once the bill hit's the taxpayers for this one you can kiss goodbye any tax cut promises regardless who makes them, it just can't happen
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POPSAmerican Ingenuity of the Fiancial Sector Hits All Perhaps this is their strategy? Turmoil and chaos are on the side of those who are the cause. Take-Overs, further "Consolidation", governments to "Bail Out". It all points in one direction- National Socialism or better known as Fascism. Through in all those Weapons and you have the" right " mix for World Domination. Do we get this? Or will it get us?
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POPSBarack needs the embellishment
… as the months passed, I felt the idea of becoming an organizer slipping away from me. The company promoted me to the position of financial writer. I had my own office, my own secretary; money in the bank. Sometimes, coming out of an interview with Japanese financiers or German bond traders, I would catch my reflection in the elevator doors—see myself in a suit and tie, a briefcase in my hand—and for a split second I would imagine myself as a captain of industry, barking out orders, closing the deal, before I remembered who it was that I had told myself I wanted to be and felt pangs of guilt for my lack of resolve. If Barack was promoted, his new job responsibilities were more of the same - rewriting other people’s copy. As far as I know, he always had a small office, and the idea that he had a secretary is laughable. Only the company president had a secretary. Barack never left the office, never wore a tie, and had neither reason nor opportunity to interview Japanese financiers or
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POPSRussia Halts Trading After 17% Share Price Fall The liquidity crisis is being caused by a crisis of confidence in which people are frightened to borrow and frightened to lend.” Shares in Russia’s biggest state-controlled banks led the slide with Sberbank, the state-controlled savings bank, closing 21.72 per cent down and VTB losing 29.26 per cent. The bank was suffered on investor fears about its securities portfolio, which makes up about 10 per cent of its assets. Crude sinks as traders await Opec decision September 10 2008 Ahead of yesterday's meeting in Vienna, Opec members remained divided over whether to reduce production, with Iran supporting a cut while Kuwait expressed opposition to any move. Ali Naimi, Saudi Arabia's oil minister, said the oil market was "fairly well balanced", which some traders interpreted as a signal that a formal production cut was unlikely. http://www.ft.com/cms/s/0/12983a2e-7ed0-11dd-b1af-000077b07658.html?nclick_check=1
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POPSWill Pfizer Buy Bayer? A Pfizer-Bayer deal is the unsubstantiated market rumor of the day. There are reasons to doubt the rumors. Pfizer's previous mega-deals haven't exactly paid off. And buying a European drug firm isn't exactly appealing given the current state of the dollar. But one stumbling block listed by Reuters, that Bayer is a healthcare-chemicals conglomerate, not just a drug company, doesn't seem that big a deal for me. In fact, Pfizer might be excited to get Bayer's diagnostics business. Being a mix of medical devices, diagnostics, and drugs has worked pretty well for Abbott Laboratories and Johnson & Johnson, after all.
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POPSAutomated Forex Trading System 10 minutes Forex Wealth Builder, an automated forex trading system using the best back-tested systems designed by top-ranked traders and money managers for currency trading & forex scalping. A masterpiece explained in simple, logical, and straight to the point that any novice or experience trader can put to use in a matter of hours and really maximize their forex trading profits. For more information, please visit: http://www.RoyAutomatedForexTrading.com
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POPSAutomated Forex Trading System 10 minutes Forex Wealth Builder, an automated forex trading system using the best back-tested systems designed by top-ranked traders and money managers for currency trading & forex scalping. A masterpiece explained in simple, logical, and straight to the point that any novice or experience trader can put to use in a matter of hours and really maximize their forex trading profits. For more information, please visit: http://www.RoyAutomatedForexTrading.com
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POPSNassim Nicholas Taleb: the prophet of boom and doom In December he lectured bankers at Société Générale, France’s second biggest bank. He told them they were sitting on a mountain of risks – a menagerie of black swans. They didn’t believe him. Six weeks later the rogue trader and black swan Jérôme Kerviel landed them with $7.2 billion of losses. As a result, Taleb is now the hottest thinker in the world. He has a $4m advance on his next book. He gives about 30 presentations a year to bankers, economists, traders, even to Nasa, the US Fire Administration and the Department of Homeland Security. But he doesn’t tell them what to do – he doesn’t know. He just tells them how the world is. “I’m not a guru. I’m just describing a problem and saying, ‘You deal with it.’” take a moment and read the article
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POPSAugust 21st, This Day In History In 1893, a group of American expatriates and sugar planters supported by a division of U.S. Marines deposed Queen Liliuokalani, the last reigning monarch of Hawaii. One year later, the Republic of Hawaii was established as a U.S. protectorate with Hawaiian-born Sanford B. Dole as president. Many in Congress opposed the formal annexation of Hawaii, and it was not until 1898, following the use of the naval base at Pearl Harbor during the Spanish-American War, that Hawaii's strategic importance became evident and formal annexation was approved. Two years later, Hawaii was organized into a formal U.S. territory. During World War II, Hawaii became firmly ensconced in the American national identity following the surprise Japanese attack on Pearl Harbor in December 1941. In March 1959, the U.S. government approved statehood for Hawaii, and in June the Hawaiian people voted by a wide majority to accept admittance into the United States.
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POPSOil Supply Increases, Oil Price Increases Proof again supply is not the problem driving prices on oil and gas. Note this happens as the oil laden Caspian region (Russia, Georgia, etc.) comes into play with war and rumors of war--and particularly as Condi Rice (former exec at Chevron) goes around heightening US rhetoric against Russia and signing provocatory missile agreements with its satellite states. It is not actual supply so much as perceived supply which is effected by wars and "geopolitical" tensions and factors . Change the (neoconservative) war policy, prices will drop.
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POPSAltergold unsheduled downtime Altergold is presently experiencing some downtime. Yesterday the site wouldn't load and I got this error msg below. 504 Gateway Time-out If you are receiving this response, the host server is not responding to requests from ourproxy. Please contact support for the website you are trying to reach. Thank you. ddosprotection.com Today Altergold Management has put up a msg for customers. Hopefully this wil pass and it wil be business as usual come Monday. Do they work on weekends? Dear Customer, We regret to inform you that the AlterGold website is currently under DDOS attack at this moment. All efforts are in place to bring the site back online as soon as possible. We apologize for any inconvenience caused by this interruption to service. Regards, AlterGold Management You can read discussion below at Talkgold forum One of the websites altergold lists as a prominent merchant in their directory. http://www.talkgold.com/forum/r229821-.html
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POPSBig Mac Attack "I'll take foods I haven't eaten for over a decade, Alex." Sounds good, though. These sorts of stocks have been rallying a bit because traders look for "safe harbors" during rough economic times.
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