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Archive for October 21st, 2008

I have translated this French article as well as I could. Its content is just unbelievable and I couldn’t wait any longer for someone else to translate it so that I could share it.
Frankly, I don’t know how it is that a MAJOR French newspaper reports such news and it is not headlines all over [...]

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Islamic banking escapes fallout

 

KUALA LUMPUR – ISLAMIC banking has largely escaped the fallout from the global financial crisis, thanks to rules that forbid the sort of risky business that is felling mainstream institutions.But experts say that because of its heavy reliance on property investments and private equity, the booming 1.0 trillion dollar global industry could be hit if [...]

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Monday, October 20, 2008
Another Million Iraqi demonstrators: Get out of our country
Baghdad witnessed another demonstration with more than one million Iraqi, Arabs and Kurds and others, Muslims and Christians and others, Sunnis and Shiites and others demonstrated together against the occupation and the long term agreement, asking for a complete withdrawal the leaves no permanent [...]

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Credit expressed as a Plant

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The chief prosecutor has warned the surveillance society is threatening to ‘break the back of freedom’.
Sir Ken Macdonald, Director of Public Prosecutions, said the state was poised to take powers to keep information on everyone and ‘we might end up living with something we can’t bear.’
His message – delivered ten days before he steps down [...]

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Armageddon in Corporate Bonds

I have been warning everyone about corporate bonds specifically because of rising default risk and rollover risk for quite some time. And indeed Corporate bonds are getting crushed. Here is a chart of Moody’s Seasoned Baa Corporate Bond Yield.
Baa Corporate Bond Yields

click on chart for sharper image
Moody’s tries to include bonds with remaining maturities [...]

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None Dare Call It Fascism

by Becky Akers
by Becky Akers
After the orgy of nationalizing the economy, freedom’s foes ought to be snoring it off somewhere, glutted and stupefied. But there’s no rest for the wicked, so they’re corporatizing airports instead. They don’t call it that, of course, lest we imagine little grey bureaucrats filling derFührer’s orders for more poison gas [...]

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545 PEOPLE

By Charlie Reese
This article was first published by the Orlando Sentinel Star newspaper
Politicians are the only people in the world who create problems and
then campaign against them.
Have you ever wondered why, if both the Democrats and the Republicans
are against deficits, we have deficits?
Have you ever wondered why, if all the politicians are against
inflation and high [...]

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