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"I don't think the report is true, but these crises work for those who want to make fights between people." Kulam Dastagir, 28, a bird seller in Afghanistan
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Topic: Miscellaneous |
12:52 pm EDT, Aug 10, 2011 |
I was skepitcal about this cartoon at first but after doing a lot of back of the napkin calculations I endorse this idea. BUT, you MUST use four words, and the stranger the word the better. xkcd: Password Strength |
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Atlanta the nation's 4th worst housing market - Atlanta Business Chronicle |
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Topic: Miscellaneous |
7:23 pm EDT, Aug 9, 2011 |
Homeowner vacancy in Atlanta is at 5.4 percent, ranking it 4th in the nation in that category. The local unemployment rate of 9.7 percent is well above the national average, and Metro Atlanta has lost nearly 25,000 jobs in the 12-month period ending June 30. Many homeowners are finding that they are losing significant value in their homes, which is also fueling the problems in Atlanta's housing market.
Atlanta the nation's 4th worst housing market - Atlanta Business Chronicle |
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What Happened to Obama’s Passion? - NYTimes.com |
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Topic: Miscellaneous |
11:28 am EDT, Aug 8, 2011 |
Like most Americans, at this point, I have no idea what Barack Obama — and by extension the party he leads — believes on virtually any issue. THE real conundrum is why the president seems so compelled to take both sides of every issue, encouraging voters to project whatever they want on him, and hoping they won’t realize which hand is holding the rabbit.
The failure of the Obama administration isn't the S&P downgrade - its the fact that he is too feckless to avoid bearing responsibility for it. Obama is the perfect politician - a total nihilist who talks big in general terms but avoids specific commitments because he doesn't really care. What Happened to Obama’s Passion? - NYTimes.com |
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The Dismal Political Economist: Downgrading the S&P’s Downgrade of the Downgraded U. S. Credit; Financially and Fiscally Irrelevant; Politically a Bombshell |
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Topic: Miscellaneous |
10:54 am EDT, Aug 8, 2011 |
The Republicans have been handed another weapon in their fight against Mr. Obama, and the irony is that the governmental dysfunction that is the cause of the downgrade is the result of their unwillingness to cooperate in the governing system. If one rated the ability to compromise on a scale of 1 to 10, Mr. Obama would be a 12, Republicans a minus 3. So in the end we have Republicans creating governmental chaos leading to a credit rating downgrade which then helps Republicans in trying to defeat Mr. Obama in 2012.
The Dismal Political Economist: Downgrading the S&P’s Downgrade of the Downgraded U. S. Credit; Financially and Fiscally Irrelevant; Politically a Bombshell |
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Topic: Miscellaneous |
10:37 am EDT, Aug 8, 2011 |
The odds of a 15 to 25 percent correction are now increasingly likely. Investors should adjust their risk parameters accordingly.
And down we go... |
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A Second Recession Could Be Much Worse Than the First - NYTimes.com |
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Topic: Miscellaneous |
10:30 am EDT, Aug 8, 2011 |
“There is no approachable precedent, at least in the postwar era, for what happens when an economy with 9 percent unemployment falls back into recession,” said Nigel Gault, chief United States economist at IHS Global Insight. “The one precedent you might consider is 1937, when there was also a premature withdrawal of fiscal stimulus, and the economy fell into another recession more painful than the first.”
A Second Recession Could Be Much Worse Than the First - NYTimes.com |
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S&P's credit rating cut: Downgrading our politics | The Economist |
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Topic: Miscellaneous |
9:23 pm EDT, Aug 7, 2011 |
I never had much sympathy for the view that America’s economy was about to be eclipsed by China’s, and the main reason was our political institutions. Events of the last few weeks have forced me to reconsider.
S&P's credit rating cut: Downgrading our politics | The Economist |
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The debt-ceiling deal: No thanks to anyone | The Economist |
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Topic: Miscellaneous |
9:11 pm EDT, Aug 7, 2011 |
The political dysfunctionality of America has been on display as never before, to the nation’s shame. And it can still do plenty of harm to a very sick economy.
The Economist argues that only structural changes to America's political system that ends the domination of radical fringes and their calls for ideological purity within parties has the hope of bringing this country back from the brink. The debt-ceiling deal: No thanks to anyone | The Economist |
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