Mon, 13 Oct 2008 10:00:01 -0400
Just wish he would be entering along with a phalanx of real progressives & a bluer, or rather, blue (-dog) Dem leading the way. Eric is such a hard worker, I wish him the best.
10/13/2008
FAIRFIELD — The Carl and Dorothy Bennett Center for Judaic Studies at Fairfield University has announced that General Wesley K. Clark will speak on Oct. 23 at the university's Quick Center for the Arts.
He will speak on the topic, "Strategic Leadership in the 21st Century."
In 34 years of service in the United States Army, Clark rose to the rank of four-star general as NATOs Supreme Allied Commander, Europe. In his final military command, Clark commanded Operation Allied Force — NATOs first major combat action — which was credited with saving 1.5 million Albanians from "ethnic cleansing" in Kosovo. He also was responsible for the peacekeeping operation in Bosnia.
Tickets are $35. To reserve tickets, call the Quick Center Box Office at (203) 254-4000, ext. 4010.
http://www.connpost.com/breakingnews/ci_10709065
University link: http://www.fairfield.edu/ar_index.html
winner of this year's Nobel prize for economics!!!!!
Highly recommended, a good one to listen to in the background- Of particular interest it details much of chief of staff & cheney legal advisor David Addington's influence on events. QUITE the story. A very strange & alarming take on the internal state of the Bush administration especially in the direct aftermath of 9/11.
Terror, Torture, and the Dark Side - Steve Clemons & Jane Mayer
From: NewAmericaFoundation
Added: July 15, 2008
Two years ago Jane Mayer wrote a groundbreaking investigative piece titled "The Hidden Power" on vice-presidential legal counsel and chief-of-staff David Addington and internal battles over Guantanamo, tribunals, rendition, and torture. On July 15, she releases the culmination of years of investigative journalism to uncover the mechanics and consequences of the policy shifts and practices that composed what Vice President Dick Cheney referred to as "the dark side."
Milton Friedman's great misfortune is that his policies have been tried. -Naomi Klein, quoting John Kenneth Galbraith
http://securingamerica.com/ccn/node/16557#comment-328380
"I'm personally hoping for the SP500 to hit the post 9-11 lows of around 850 it hit a few years ago..."
- Defoliate Bush (9/15/2008)
Today (and Friday) -
http://finance.yahoo.com/echarts?s=SPY#symbol=SPY;range=5d
Notice how the chart on Friday bounced right off 850 (multiply the SPY tracking ETF by x10) - this stuff really isn't random (which is why comparing the stock market to a casino doesn't apply).
I'll post some info tonight on why I think the bottom may be retested in the next few months (possibly by year end), nevertheless, the buy signal was about as strong as you could get on Friday and I'm hoping for a nice profitable trade in the short term (as in sell at SPY = 110-115 which could possibly be in a few days (I'm not going to try holding out for the last little bit which I think is SPY = 120).
Obama announced a new democratic proposal plan"the emergeny lending fund" to strengthen small business, community and the middle class. I can already hear the clueless, out of touch politician calling it a socialist five-year plan.
...from the summary I saw
- $3,000 tax credit for small business creating full time jobs though 2010...good idea
- Letting people tap into 401Ks up to $10,000 next two years if needed without paying the extra withdrawal penalty (on top of taxes)...good idea [if these people really have no other options - why penalize them further?]
- Backing bank equity positions as part of the $700 billion bailout...good idea
- Cutting capital gains for investment in small business...good idea
- Provide loan backing for state/local governments...probably a good idea
- 90-day foreclosure moratorium...probably not a good idea, but I'm not sure what he is calling "good faith" efforts at paying the mortgage.
Seems more reasonable that McCain's BS idea last week about just wiping negative equity off the books for people who bought more than they could afford, leaving the rest of us to pick up the tab and not share in any upside potential.
prefers the hatchet and Obama the scalpel.
Point 5: One friend of mine suffers, because the property tax boosts, I certainly can say he welcome that idea.
the prez W was here last august 2007 at usa auto in bayshore giving us the bs about that more people own houses then ever before...another crock u never own your house, once the taxes are not paid you lose your house to bad the prez won't come back to bayshore now
I hope the 3. debate is very specific and John´s economic plan will be whip.
where does all that money come from?
"W" spent the surplus from the Clinton years. We are bankrupt and in debt.
Everybody knows that.
This all sounds like magic thinking with monopoly money. :(
(at least)...gained in the stock market today
Looks like Dow finished somewhere around +940 points
Obviously, positive reaction to McCain saying that he is going to spank Obama's fanny in the debate Wednesday night
the stock market is "rebounding," do we get our $700 billion back?
Obama; a reminder: "I will support a filibuster of any bill that includes retroactive immunity for telecommunications companies." Then guess who proceeded to vote FOR the FISA bill.
I'll soon be selling you some of the Morgan Stanley stock I bought this morning - had a pretty good return for 6.5 hours work today :) Expect a retest of the lows around end of Dec in my opinion after some more upside to say Dow 10,000 (not necessarily without some corrections)
The $700B? Gordon Brown? Are we "cautiously optimistic" now? What they hey, I'm not complaining if we got some confidence back. But what about that pesky foreclosure epidemic and the ARM's? I know it drives you crazy, DF, but if you have any insights to what's going on there, I'd really like to hear them. It is relevant...so I'm just askin'. ;-)
http://biz.yahoo.com/tm/081010/18171.html?.v=1
This was from the bear market of 2002. You'll see about the same pattern in every bear market and I spent about 20 hours last week looking at all of them back to 1929 (with '29-'32 being a big exception in that the 2nd selling wave down (after a nice rebound) took the market way past the 1929 lows).
After we rally a bit, the foreclosure/credit/unemployment concerns, along with Obama Presidency and Democratic control of government (and possible increased future taxation) will likely lead to a second wave of major selling. Jan 1 should set up a nice double bottom and then it is off to the races with another bull market leg once almost all of the selling gets exhausted.
But thanks for thinking I could handle it! ;-)
I guess I'm asking on a more concrete level. Will this recent bounce increase confidence to the point where lenders are will to re-negotiate with homeowners in crisis? And now that I've written it, I can see what a silly-ass question it is, I suppose. :-/
But thanks anyway. I'll try to wrap my head around it, but me and finance math and speculation are not the greatest of friends. They're just always confounding me, and tend to hog all the good booze at parties. ;-)
Martisa sent in her ballot to vote for Cynthia McKinney. It is amazing what this media overlooks. There is a woman, nomiated as candidate for president on the Green ticket, the first woman ever to be nominated for president in this country and the media is mum. I admire Mar for voting for her. I can say this for me. I sent my ballot in. I can say that I did not vote for McCain. Still wish Clark had been on the ballot. How is everyone.
"When you're in a hole, stop digging" -- Eric Massa to Randy Kuhl in their first debate of 2008
Next debate: Video: Live stream of Kuhl-Massa debate at 7 p.m.
Star-Gazette • October 13, 2008
Stargazette.com will provide a live stream of the U.S. Rep. John R. Kuhl-Eric Massa debate at 7 p.m. tonight. Visit stargazette.com at 7 p.m. to view the debate live.
or go directly to http://www.stargazette.com/apps/pbcs.dll/article?AID=/20081013/UPDATE/310130019&referrer=FRONTPAGECAROUSEL
We learn. We change. That's progress. If we don't do that, well, we're GWB.