President’s financial working group
Plunge Protection Team
“Plunge Protection Team” was originally the headline for an article in The Washington Post on February 23, 1997, [2] and has since become a colloquial term used by some mainstream publications to refer to the Working Group. [3] [4] Initially, the term was used to express the opinion that the Working Group was being used to prop up the markets during downturns. [5] [6] Financial writers for British newspapers The Observer and The Daily Telegraph , along with U.S. Congressman Ron Paul and writers Kevin Phillips (who claims “no personal firsthand knowledge” and is “not interested in becoming a conspiracy investigator”) [7] and John Crudele, [8] have charged the Working Group with going beyond their legal mandate. Claims about the Working Group generally include that it is an orchestrated mechanism that attempts to manipulate U.S. stock markets in the event of a market crash by...
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Through the first half of this week, I have been explaining why the Congress is right to decline granting the demands of the three major US automakers. Having done so,...
... more
If you haen’t been getting your feed or email updates of the
stories that have been written the last week, here are some of
the titles:
Torture: What Is The Correct Definition?
The Big Three: This Time They Drove
The Selling Of America: The List Goes On And On
The War On Terror: Still In The First Round
Black Friday: How High A Price Is Acceptable?
... more
Central banks in the Asia-Pacific region today kicked off a wave of interest rate cuts around the world, part of a week of coordinated action designed to breathe life into the global economy. Sweden also unveiled an emergency cut, slashing its interest rates by almost half, with a record cut of 1.75 points to 2%, far bigger than had been expected. Sweden’s central Riksbank said it expected rates to remain at the lower level over the coming year. Earlier today, Indonesia’s centra... more
With hundreds of trails to choose from Washington state is a hiking paradise. There are beach hikes, desert hikes and excellent mountain hiking trails to please all. On the east side of the state over the Cascade Mountain range the weather is drier and hot in the summer. The western portion of Washington is much wetter and it rains often. The best months for hiking in Washington state is July, August and September.
With three National parks offering plenty of camping and hiking, you c... more
http://globalresearch.ca/index.php?context=va&aid=10356
By Prof. Rodrigue Tremblay
Global Research , September 28, 2008
“When troubles come, they come not single spies, but in battalions.” Shakespeare (1564-1616)
“The liberty of a democracy is not safe if the people tolerate the growth of private power to the point where it becomes stronger than the democratic state itself. That in its essence is fascism — ownership of governm... more
WASHINGTON, Sept. 29 (Xinhua) — U.S. Assistant Secretary of State Christopher Hill will visit the Democratic People’s Republic of Korea (DPRK) later this week, the State Department confirmed Monday.
Hill is due to arrive in Seoul, South Korea Tuesday. “Later in the week, he’ll visit Pyongyang, before going to Beijing, where he’ll meet with the Chinese vice foreign minister, Wu Dawei,” State Department deputy spokesman Robert Wood told a... more
Considering what passes for art these days, it’s entirely understandable:
Visitors to some of the nation’s finest galleries and museums wreak havoc by walking into, leaning against, tripping over and even vomiting over valuable works, official records show.
Reported by The Observer . ... more
There's a freebie magazine with The Observer today all about sex and attitudes to it. In the survey section there are odd results when people have been asked about the threat to children from paedophiles. Here they are -
Do you believe that children are more at risk from paedophiles than they were...... more
‘Sex education’ is a much misinterpreted phrase. The idea is not to make children more proficient at sex, the way maths education should make them better at doing sums.
That is why, when Schools Minister Jim Knight launched a review of the subject last week, he referred carefully to ‘relationship education’. The government intends some kind of tuition in ‘personal and social health’ to become compulsory in English schools, taught from the age of five. It is... more
God help us all..... just go away rudd. Stay overseas. Oh! No one wants you
there either..
THE Federal Government is prepared to become a borrower for the first time
in more than a decade to fund its ambitious infrastructure building program.
Kevin Rudd is considering becoming the first Prime Minister in more than 12
years to take on net debt, The Daily Telegraph has learned.
Mr Rudd wants to fund massive improvements to city and regional transport
systems, and he wants the "natio... more
As a business owner, you’re probably inundated with advertising offers and salespeople who want your money to advertise on billboards , radio and television, in newspapers and magazines. These salespeople promise massive exposure and hint at lucrative results and return on your investment. But you’re concerned about the risk… and as well you should be. A lot of advertising simply won’t work for you.
The good news is that there is an alternative.
The advertisers have space availab... more
links for 2008-10-27 From: collegemediainnovation.org Post Date: 2008-10-27 08:58:47
The Daily News-Tribune-Herald-Times: Newspapers names are much of the same
Funny, sad, and true.
(tags: newspapers )
... more
“It’s appalling that the proposal allows for the contracting out of asset management,” he said. “We are going to reward the folks that got us into this mess with the biggest new client in history. Give me a break.”
By Joe Davidson
Tuesday, September 30, 2008; Page D04
washingtonpost.com > Columns
The bailout bill says Paulson can disregard the regulations “upon a determination that urgent and compelling circumstances make compliance wi... more
Treasury Officials
< BACK
–> Henry M. Paulson, Jr.
Secretary of the Treasury
document.write( ‘ Open Print Version ’ );
// –>
Open Print Version Open Print Version | Hi-Resolution Photo
President George W. Bush nominated Henry M. Paulson, Jr. to be the 74th Secretary of the Treasury on June 19, 2006. The United States Senate unanimously confirmed Paulson to the position on June 28, 2006 and he was sw... more
Top Contributors
Senator Christopher J. Dodd 2003 - 2008
Election Cycle: 2008
Total of itemized contribution records of $200 or more: $11,729,148. To search these 9913 contributions for this member, click here .
Contributor
Total
Citigroup Inc
$314,694
SAC Capital Partners
$282,000
United Technologies
$263,400
Royal Bank of Scotland
$229,950
American International Group
$224,678
Bear Stearns
$205,600
St Paul Travelers Compan... more
He also has served as academic fellow and special consultant to the Office of the Chief Accountant at the U.S. Securities and Exchange Commission (SEC), where he was responsible for developing U.S. financial reporting disclosure rules relating the market risk inherent in derivatives and other financial instruments. In addition, he has held professorial appointments at the University of Iowa and the University of Illinois at Urbana–Champaign.
Facts about FASB
Board Members
Thomas J.... more
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