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POPSBailout Might Make Things Worse * Hundreds of leading economists, including numerous Nobel prize winners, question the bailout * Former White House economist (Steve Hanke) adamantly opposes the bailout * Nobel prize economist and former chief economist of the World Bank (Joseph Stiglitz) opposes the bailout *The former Secretary of the Treasury (Paul O'Neill) questions the bailout * A prominent economist (Nouriel Roubini) says "The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown." * A highly-regarded economist (Michael Hudson) says that the bailout is a giveaway that will cause hyperinflation and dollar collapse
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POPSOnline singing courses Any advice on choosing online singing courses? The best site I googled is www.reviewsnest.com. They compare the top courses and give detailed and deep reviews for them. This helped me in choosing an online course. Very useful site.
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POPSHistorian on Panic of 1873 vs. now the current economic woes look a lot like what my 96-year-old grandmother still calls "the real Great Depression." She pinched pennies in the 1930s, but she says that times were not nearly so bad as the depression her grandparents went through. That crash came in 1873 and lasted more than four years. It looks much more like our current crisis.
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POPSDinner Bell Rings for Financial Feeding Frenzy AIG today revealed what many private-equity firms, banks and asset managers want to know about the company’s asset sales to pay back an $85 billion government loan: What’s for dinner? AIG CEO Edward Liddy put an end to the suspense today. Here is what AIG is putting on the block: the U.S. life, retirement and pensions businesses, the personal-lines property-casualty business and at least a minority stake in its foreign life insurance business. All of AIG’s non-insurance businesses, including aircraft leasing, consumer finance division, U.S. auto insurance, a reinsurance business and asset manager, are also likely to be put on the block.
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POPSCola, stale chip research win win Ig Nobels What they found about the mechanism of sperm and aids killing makes me wonder if cola can be used on other micro organisms like MRSA. The sperm in the sugar, no doubt with the chemicals in cola acting as a catalyst, cause them to 'Eat themselves to death, through osmosis, and the recognition of sugar opening some cellular gates.
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POPSDo you need a tech makeover? You can nominate a deserving friend or even yourself. There are only 154 entries so far. The deadline is Oct.6, so get going! Good luck, Clippers.
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POPSInspiration in trying times As Wall Street continues to get slammed today, this is worth a read. Our financial system may be shaken but entrepreneurs are continuing to invent and change the game of nearly every imaginable industry. All of the businesses the WSJ highlights are exciting ones.
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POPS150 Top Economists Say "Hold Off" on Bailout The economists say: "not urgent right now" and "will create more problems", and "expressed alarm at the haste of lawmakers and the Bush administration to pass legislation". Alot different than what Bush stated Wed night in his "Financial WMD speech" isn't it? Read the advise of these experts who warn: ``The situation may get urgent, but it's not urgent right now. Right now it's a financial sector problem.'' Apparently this helped to slam on the brakes Thursday: Today Senator Richard Shelby, a Republican from Alabama, said he has ``five pages of the leading economists in America that wrote to me and the leadership saying the Paulson plan is a bad plan. It will not solve problems. It will create more problems.'' Not hearing that on the news are we? Ask yourself why the MSM does not quote these credible experts instead of parroting the propaganda of Bush's (Fed) speech that the entire economy will collapse without a deal now.
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POPSFinancial Wizards & Snake Oil Salesmen Republican philosophy allows Wall Street to do what they want. This past week shows the result of that allowing that kind of trust and free resign. "Fool me once, shame on you. Fool me twice, shame on me. Fool me over and over again, and maybe it's time we stopped listening to the financial wizards who keep insisting that they don't need any oversight." It is human nature to take what they can get away with, and when someone, anyone, in charge, says they don't need oversight, that's the time to pull in the reigns, sharply.
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