Thailand struggled with its 'stability' after the 2004 tsunami. That sustained destabilizing event left a window of opportunity for the long lived insurgency.
From the looks of the protest and violence, it is difficult to determine the continued longevity of the current government.
It would be tragic if the government turned against its people.
There is a population of 65,493,298 in Thailand with approximately three main ethnic groups. The country is primarily Buddist. The leader is not. It's a worry.
Thailand's neighbor Indonesia is predominantly Muslim.
It's just that while al Qaeda flourished in Afghanistan before September 11th, they destroyed major Buddhist temples. Its a worry.
Indonesia has its issues with militants.
The actual ethnicities and religions don't concern me, except, for the instability it brings. Instability in this part of the world breeds terrorists.
Bali Bombers Defiant as They Await Execution (click here)
By VOA News 01 October 2008
Three Islamic militants on death row in Indonesia for their involvement in the deadly 2002 Bali bombings say they have no regrets about carrying out the attacks.The twin nightclub bombings killed 202 mostly foreign tourists.Speaking with a group of reporters Wednesday at a maximum security prison on an island in eastern Indonesia, the bombers warned that retribution would come to those who carry out their executions....
Thailand Holds Senate Elections (click here)
By Ron Corben Bangkok02 March 2008
Voters in Thailand went to the polls Sunday for elections for half the upper house, the Senate, marking the final step in the return to parliamentary democracy after the nation's September 2006 coup d' etat. As Ron Corben reports from Bangkok, the elections come amid underlying tensions following the return to Thailand this week of former Prime Minister, Thaksin Shinawatra....
Thai Police Battle With Protesters; More Than 100 Are Injured (click here)
By Daniel Ten Kate and Rattaphol Onsanit
Oct. 7 (Bloomberg) -- Thai police battled anti-government protesters as a five-month standoff with the government turned violent and more than 160 were injured after police fired tear gas at demonstrators who responded with guns and other weapons....
...The ruling People Power Party won December elections, a year after the military ousted Thaksin Shinawatra, who fled to the U.K. in August to escape corruption charges....
Tuesday, October 07, 2008
Judge in Stevens trial reprimands witness's attorney
Get out of town and take your friends with you !
...Anchorage attorney Robert Bundy, who has been sitting in the spectator section of the courtroom in Washington while his client has been testifying, was accused Monday by the judge of trying to signal to Allen on the stand.
"I couldn't believe what I was seeing," U.S. District Judge Emmet Sullivan said Tuesday morning, before the trial began for the day. "That's borderline obstruction of justice."
Bundy's colleague, Creighton Magid, said Tuesday morning that the Anchorage lawyer and former U.S. attorney is "absolutely torn up by this" and "vehemently" denied signaling to his client....
...Anchorage attorney Robert Bundy, who has been sitting in the spectator section of the courtroom in Washington while his client has been testifying, was accused Monday by the judge of trying to signal to Allen on the stand.
"I couldn't believe what I was seeing," U.S. District Judge Emmet Sullivan said Tuesday morning, before the trial began for the day. "That's borderline obstruction of justice."
Bundy's colleague, Creighton Magid, said Tuesday morning that the Anchorage lawyer and former U.S. attorney is "absolutely torn up by this" and "vehemently" denied signaling to his client....
Sen. Ted Stevens, R-Alaska, left, listens to witness Bill Allen, right, being questioned by his Attorney Brendan Sullivan, second from left top, Oct. 6, 2008. Others depicted are Prosecution Attorneys Joseph Bottini, and Brenda Morris, seated second and third from left, and Judge Emmet G. Sullivan, second from right. (AP Photo/Dana Verkouteren)
Stevens jurors hear tape of plot to hide free work (click here)
By JESSE J. HOLLAND and TOM HAYS – 1 hour ago
WASHINGTON (AP) — Two close friends of Sen. Ted Stevens schemed to conceal the fact that one was paying for extensive work done at the senator's cabin in Alaska, according to FBI audiotapes played Tuesday at Stevens' corruption trial.
The pair, Bill Allen and Bob Persons, are heard on tape fretting in February 2006 over a plumbing bill that says, "Labor paid for by Bill," after Stevens contacted them about the job.
"We need to make that disappear from (the plumber's) records," Persons says in one conversation captured by an FBI wiretap of Allen's phones. "Tell him Ted's paying for everything. I mean, that's the safest thing, Bill."...
By JESSE J. HOLLAND and TOM HAYS – 1 hour ago
WASHINGTON (AP) — Two close friends of Sen. Ted Stevens schemed to conceal the fact that one was paying for extensive work done at the senator's cabin in Alaska, according to FBI audiotapes played Tuesday at Stevens' corruption trial.
The pair, Bill Allen and Bob Persons, are heard on tape fretting in February 2006 over a plumbing bill that says, "Labor paid for by Bill," after Stevens contacted them about the job.
"We need to make that disappear from (the plumber's) records," Persons says in one conversation captured by an FBI wiretap of Allen's phones. "Tell him Ted's paying for everything. I mean, that's the safest thing, Bill."...
Crash - A sudden dramatic decline of stock prices across a significant cross-section of a stock market
When do you think Bush and his incompetents will finally call it a day and resign?
After?
Or?
Before the markets hit 7500?
Panic as Russian stock market falls by almost 20% (click here)
21:51
06/ 10/ 2008
After?
Or?
Before the markets hit 7500?
I love the 'mind speak' of this administration. Bush and his cohorts want to call all countries together to coordinate the crash of the markets. That was admirable, wouldn't you say?
So. About those disarmament talks.
MOSCOW, October 7 (RIA Novosti) - Russian opposition parties and trade union leaders said Tuesday the country's economy was on the brink of a crisis, slamming the government and calling for urgent action.
Russia's financial system has been badly affected by the global economic crisis, with record losses on its financial markets, rising interest rates and a liquidity shortage.
Communist Party MP Vadim Solovyov said the Russian economy had started to take "heavy blows."
"We think the Finance Ministry and the minister himself are directly to blame," he said, accusing the ministry of using the proceeds of Russian oil and gas exports to buy foreign assets instead of supporting domestic businesses.
"Small enterprises and entrepreneurs have also taken loans, so it [crisis] can lead to a series of failures among small and medium businesses, millions of people will find themselves jobless, and that will lead to enormous social tensions," he said.
"We are half a step away from a default," Solovyov added. "Our entire economy could collapse overnight."...
Russia's financial system has been badly affected by the global economic crisis, with record losses on its financial markets, rising interest rates and a liquidity shortage.
Communist Party MP Vadim Solovyov said the Russian economy had started to take "heavy blows."
"We think the Finance Ministry and the minister himself are directly to blame," he said, accusing the ministry of using the proceeds of Russian oil and gas exports to buy foreign assets instead of supporting domestic businesses.
"Small enterprises and entrepreneurs have also taken loans, so it [crisis] can lead to a series of failures among small and medium businesses, millions of people will find themselves jobless, and that will lead to enormous social tensions," he said.
"We are half a step away from a default," Solovyov added. "Our entire economy could collapse overnight."...
If only Carlyle was on better terms with Vladimir. Darn shame.
Panic as Russian stock market falls by almost 20% (click here)
21:51
06/ 10/ 2008
MOSCOW, October 6 (RIA Novosti) - The Russian stock market gave in to panic on Monday with the MICEX dropping 18.6% to 752 points and the RTS falling by 19.1% to 866.39 points - the worst losses since the 1998 crash.
Russia's financial system has been affected by a global credit crunch which started in the U.S. and quickly spread to Asia and Europe leading to record losses on Russia's financial markets, rising interest rates and a liquidity shortage....
Russia's financial system has been affected by a global credit crunch which started in the U.S. and quickly spread to Asia and Europe leading to record losses on Russia's financial markets, rising interest rates and a liquidity shortage....
So, no one in the Ukraine should be cold this winter.
KIEV, October 7 (RIA Novosti) - Gazprom Sbyt Ukraine, a subsidiary of the Russian energy giant, will deliver about 5 billion cubic meters of natural gas to industrial consumers in Ukraine this year, the company's general director said Tuesday.
"We plan to reach 5 billion cubic meters by the end of the year," Anatoliy Podmyshalskiy said.
He added that the company would supply about 550 million cubic meters of gas in October.
Gazprom holds a 100% interest in Gazprom Sbyt Ukraine, established under a Ukrainian-Russian agreement of March 12, 2008, to operate on the Ukrainian market.
The company holds a five-year license to sell 7.5 billion cubic meters of gas a year to Ukrainian consumers at unregulated tariffs....
"We plan to reach 5 billion cubic meters by the end of the year," Anatoliy Podmyshalskiy said.
He added that the company would supply about 550 million cubic meters of gas in October.
Gazprom holds a 100% interest in Gazprom Sbyt Ukraine, established under a Ukrainian-Russian agreement of March 12, 2008, to operate on the Ukrainian market.
The company holds a five-year license to sell 7.5 billion cubic meters of gas a year to Ukrainian consumers at unregulated tariffs....
Good job, Georgie.
KIEV, October 6 (RIA Novosti) - Ukraine's defense ministry dismissed on Monday reports that the country is ready to use force to seize the Black Sea Fleet's navigation and hydrographic support facilities in the Crimea.
A lawmaker from the pro-Russian opposition Party of Regions, Taras Chornovil, said earlier Monday that Ukrainian President Viktor Yushchenko and his inner circle are planning military action to seize the disputed facilities, which would lead to further tension in Russian-Ukrainian relations.
"This [information] is untrue," a defense ministry source said....
A lawmaker from the pro-Russian opposition Party of Regions, Taras Chornovil, said earlier Monday that Ukrainian President Viktor Yushchenko and his inner circle are planning military action to seize the disputed facilities, which would lead to further tension in Russian-Ukrainian relations.
"This [information] is untrue," a defense ministry source said....
FCC Seeks Info from Military TV Analysts
Shut 'em down ! (click here)
The Honorable Kevin J. Martin (kindly click title to entry. thank you)
Chairman
Federal Communications Commission
445 12th Street , SW
Washington , DC 20554
Dear Chairman Martin: We write to express our deep concern with regard to a troubling story recently reported in the New York Times detailing an extensive program within the Department of Defense (DoD) to recruit ex-military officers to support the administration’s position on the war in Iraq, conditions at Guantánamo Bay and other activities associated with efforts to combat terrorism under the guise of objective analysis on major television news programs and 24-hour cable news networks. Many of these military analysts were simultaneously representing more than 150 companies competing for billions of dollars in Pentagon contracts. While we deem the DoD’s policy unethical and perhaps illegal, we also question whether the analysts and the networks are potentially equally culpable pursuant to the sponsorship identification requirements in the Communications Act of 1934 (the Act) and the rules of the Federal Communications Commission (FCC)....
Dear Chairman Martin: We write to express our deep concern with regard to a troubling story recently reported in the New York Times detailing an extensive program within the Department of Defense (DoD) to recruit ex-military officers to support the administration’s position on the war in Iraq, conditions at Guantánamo Bay and other activities associated with efforts to combat terrorism under the guise of objective analysis on major television news programs and 24-hour cable news networks. Many of these military analysts were simultaneously representing more than 150 companies competing for billions of dollars in Pentagon contracts. While we deem the DoD’s policy unethical and perhaps illegal, we also question whether the analysts and the networks are potentially equally culpable pursuant to the sponsorship identification requirements in the Communications Act of 1934 (the Act) and the rules of the Federal Communications Commission (FCC)....
The Federal Communications Commission has begun notifying several TV military analysts that it is probing congressional complaints that the pundits did not properly disclose their ties to the Pentagon when reviewing the war in Iraq on air....
...At issue is that some of them were also linked to Pentagon contracts, raising the issue of conflict of interest. In its letter signed by the chief of the investigations and hearings division enforcement bureau, the FCC suggests that TV stations and networks may have violated two sections of the Communications Act of 1934 by not identifying the ties to the Pentagon that their military analysts had....
A CBS News Investigation Uncovers A Suicide Rate For Veterans Twice That Of Other Americans
Pa. widow sues US over Iraq vet-husband's suicide (click here)
1 hour ago
PHILADELPHIA (AP) — The widow of a 23-year-old Iraq war veteran from Pennsylvania is suing the U.S. government over her husband's suicide.
Tiera Woodward blames the Veterans Administration for failing to provide her husband, Donald, with adequate mental-health care, despite earlier two suicide attempts. He killed himself in March 2006 after seeking help for depression at the VA Medical Center in Lebanon, a town about 25 miles east of Harrisburg.
The federal lawsuit, filed Monday, says that Woodward served in combat in Iraq from March to August of 2003.
A VA spokeswoman in Washington did not return a message Tuesday.
Drug Abuse to the point of dealing? Really?
Iraq war veteran's appeal denied (click here)
Posted by Brendean Kirby, Staff Reporter
October 07, 2008 6:35 AM
The U.S. Supreme Court declined Monday to hear the appeal of an Iraq war veteran's prison sentence, a five-year term handed down in Mobile by a federal judge who later said he made a mistake.
The case now will return to Mobile, where U.S. District Judge William Steele is expected to carry out the sentencing order given by an Atlanta appeals court.
Patrick Lett, a former Army sergeant who now lives in Pascagoula, admitted to selling crack cocaine in Monroe County for a short while after his service in Iraq. His story gained national attention....
1 hour ago
PHILADELPHIA (AP) — The widow of a 23-year-old Iraq war veteran from Pennsylvania is suing the U.S. government over her husband's suicide.
Tiera Woodward blames the Veterans Administration for failing to provide her husband, Donald, with adequate mental-health care, despite earlier two suicide attempts. He killed himself in March 2006 after seeking help for depression at the VA Medical Center in Lebanon, a town about 25 miles east of Harrisburg.
The federal lawsuit, filed Monday, says that Woodward served in combat in Iraq from March to August of 2003.
A VA spokeswoman in Washington did not return a message Tuesday.
Drug Abuse to the point of dealing? Really?
Iraq war veteran's appeal denied (click here)
Posted by Brendean Kirby, Staff Reporter
October 07, 2008 6:35 AM
The U.S. Supreme Court declined Monday to hear the appeal of an Iraq war veteran's prison sentence, a five-year term handed down in Mobile by a federal judge who later said he made a mistake.
The case now will return to Mobile, where U.S. District Judge William Steele is expected to carry out the sentencing order given by an Atlanta appeals court.
Patrick Lett, a former Army sergeant who now lives in Pascagoula, admitted to selling crack cocaine in Monroe County for a short while after his service in Iraq. His story gained national attention....
The Weather at Glacier Bay National Park (Crystal Wind Chime) is melting. Sadly.
Distribution of Maternal Polar Bear Den Habitat in Northern Alaska (click here)
Local Time :: 9:39 AM AKDT
Lat/Lon :: 58.8° N 137.0° W
Temperature :: 36 °F / 2 °C
Conditions :: Clear
Windchill :: 36 °F / 2 °C
Humidity :: 93%
Dew Point :: 34 °F / 1 °C
Wind: Calm
Pressure: 29.72 in / 1006 hPa (Steady)
Visibility: 10.0 miles / 16.1 kilometers
UV: 1 out of 16
Clouds: Clear (Above Ground Level)
Elevation: 33 ft / 10 m
Polar habitats may affect drilling (click title to entry, thank you)
New 5:15AM Wednesday Oct 08, 2008
The United States Government will designate "critical habitat" for polar bears off Alaska's coast, a decision that could add restrictions to future offshore petroleum exploration or drilling.
Federal law prohibits agencies from taking actions that may adversely modify critical habitat and interfere with polar bear recovery. That was likely to affect oil and gas activity, said Kassie Siegel of the Centre for Biological Diversity, one of three groups that sued to force the critical habitat designation.
"Other than global warming, the worst thing that's going on in polar bear habitat right now is oil development and the potential for oil spills," Siegel said.
Bruce Woods, a spokesman for the US Fish and Wildlife Service in Anchorage, said it was not known what area in the Chukchi Sea off Alaska's northwest coast might be designated for polar bears, given that areas now covered by ice might in the future be open water.
The agreement to designate critical habitat was filed yesterday as part of a partial settlement of a lawsuit brought by Greenpeace, the Natural Resources Defence Council and Siegel's group....
Local Time :: 9:39 AM AKDT
Lat/Lon :: 58.8° N 137.0° W
Temperature :: 36 °F / 2 °C
Conditions :: Clear
Windchill :: 36 °F / 2 °C
Humidity :: 93%
Dew Point :: 34 °F / 1 °C
Wind: Calm
Pressure: 29.72 in / 1006 hPa (Steady)
Visibility: 10.0 miles / 16.1 kilometers
UV: 1 out of 16
Clouds: Clear (Above Ground Level)
Elevation: 33 ft / 10 m
Polar habitats may affect drilling (click title to entry, thank you)
New 5:15AM Wednesday Oct 08, 2008
The United States Government will designate "critical habitat" for polar bears off Alaska's coast, a decision that could add restrictions to future offshore petroleum exploration or drilling.
Federal law prohibits agencies from taking actions that may adversely modify critical habitat and interfere with polar bear recovery. That was likely to affect oil and gas activity, said Kassie Siegel of the Centre for Biological Diversity, one of three groups that sued to force the critical habitat designation.
"Other than global warming, the worst thing that's going on in polar bear habitat right now is oil development and the potential for oil spills," Siegel said.
Bruce Woods, a spokesman for the US Fish and Wildlife Service in Anchorage, said it was not known what area in the Chukchi Sea off Alaska's northwest coast might be designated for polar bears, given that areas now covered by ice might in the future be open water.
The agreement to designate critical habitat was filed yesterday as part of a partial settlement of a lawsuit brought by Greenpeace, the Natural Resources Defence Council and Siegel's group....
No more spending. Jeeze, these idiots are as dense as they come.
Corruption Personified
Before coming to the USA Treasury under Paulson, he worked for guess who?
Go ahead.
Guess.
Goldman Sachs
In this undated photo provided by the U.S. Treasury Department, of Treasury Department Assistant Secretary Neel Kashkari. Kashkari has been selected to head the Treasury's new Office of Financial Stability. (AP Photo/U.S. Treasury Dept., Chris Taylor)
...The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy...(click here)
These Bozos just don't know when to stop. IF this 'radical spending' was so important to drive the USA even further into debt why wasn't it made a part of the $700 billion.
NO ! No more of the USA Treasury to 'bailout' Goldman Sachs.
End of Discussion.
These people are complete idiots, I swear ! They must spend their 'downtime' thinking up more and more ways to scalp generations of Americans and put them into servitude forever. When are these jokers going to be gone ! NOW, is a good idea.
Goldman Sachs is running scared.
We ain't their piggy bank !
The pressure is on for a BIG interest cut (click here from the New Zealand Herald)
..."There's a case for trying things that might restore confidence. It might work. And there's little chance that it will start another inflationary credit binge."
Goldman Sachs JBWere economist Shamubeel Eaqub backed a full percentage point cut.
"The current global situation where there is a crisis of confidence needs co-ordinated action from central banks around the world," he said. "The RBNZ cannot conduct policy in isolation."...
'It's very complicated' (click here)
THE FIXER: Meet Neel Kashkari, the U.S. official asked to oversee the $700-billion rescue plan
PAUL WALDIE
With files from Associated Press
October 7, 2008
...The job would be daunting for someone twice Mr. Kashkari's age or with many times more experience. But the 35-year-old - who came to the Treasury from Goldman Sachs and has been there for just over two years - mainly as an adviser to Mr. Paulson, may have to learn as he goes....
Goldman Sachs Leads $12 Million Investment in Nimsoft (click here)
Fastest Growing Systems Management Company Announces Second Round of Funding
Last update: 6:00 a.m. EDT Oct. 7, 2008
REDWOOD CITY, CA, Oct 07, 2008 (MARKET WIRE via COMTEX) -- Nimsoft, the fastest growing systems management company, today announced that the company has completed a funding round of $12 million led by new investor Goldman Sachs with follow on investments from Series A investors JMI Equity and Northzone Ventures. The company will use the funds to continue its growth and help achieve its vision of becoming the world's leading enterprise systems management software company....
The Republicans don't believe Alternatives Matter.
October 07, 2008
Goldman Sachs Cuts Solar Stock Benchmarks (FSLR, SPWRA, CSIQ, LDK)) (click here)
Two key solar stocks are being hit hard in early indications. First Solar, Inc. (NASDAQ: FSLR) and SunPower Corporation (NASDAQ: SPWRA) have both been downgraded to "Sell" from the prior "Buy" ratings over at Goldman Sachs. The fallout from these calls may create new issues for the sector which has already seen its key components chopped down in the current market....
Tuesday September 30, 2008
Goldman Sachs seeks to buy US$50b assets (click here)
NEW YORK: Goldman Sachs Group Inc is looking to buy up to US$50bil of assets from troubled US banks, the Financial Times reported on Sunday, citing executives at the bank.
The newspaper said it was looking to buy the assets as part of its transition into commercial banking.
Last Sunday, Goldman and rival Morgan Stanley said they would become bank holding companies, enabling them to accept deposits and killing the investment bank model that had dominated Wall Street for decades.
Goldman said then it intended to expand its deposit base by buying deposits from other banks, including those in distress.
The FT said Goldman planned to talk to US regulators to find US$50bil of assets it could buy from the struggling banks. Those assets would be in addition to the US$150bil of its own assets it is moving to its Utah Industrial Loan Corp, a bank regulated in that state, the report said. - Reuters
Before coming to the USA Treasury under Paulson, he worked for guess who?
Go ahead.
Guess.
Goldman Sachs
In this undated photo provided by the U.S. Treasury Department, of Treasury Department Assistant Secretary Neel Kashkari. Kashkari has been selected to head the Treasury's new Office of Financial Stability. (AP Photo/U.S. Treasury Dept., Chris Taylor)
...The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy...(click here)
These Bozos just don't know when to stop. IF this 'radical spending' was so important to drive the USA even further into debt why wasn't it made a part of the $700 billion.
NO ! No more of the USA Treasury to 'bailout' Goldman Sachs.
End of Discussion.
These people are complete idiots, I swear ! They must spend their 'downtime' thinking up more and more ways to scalp generations of Americans and put them into servitude forever. When are these jokers going to be gone ! NOW, is a good idea.
Goldman Sachs is running scared.
We ain't their piggy bank !
The pressure is on for a BIG interest cut (click here from the New Zealand Herald)
..."There's a case for trying things that might restore confidence. It might work. And there's little chance that it will start another inflationary credit binge."
Goldman Sachs JBWere economist Shamubeel Eaqub backed a full percentage point cut.
"The current global situation where there is a crisis of confidence needs co-ordinated action from central banks around the world," he said. "The RBNZ cannot conduct policy in isolation."...
'It's very complicated' (click here)
THE FIXER: Meet Neel Kashkari, the U.S. official asked to oversee the $700-billion rescue plan
PAUL WALDIE
With files from Associated Press
October 7, 2008
...The job would be daunting for someone twice Mr. Kashkari's age or with many times more experience. But the 35-year-old - who came to the Treasury from Goldman Sachs and has been there for just over two years - mainly as an adviser to Mr. Paulson, may have to learn as he goes....
Goldman Sachs Leads $12 Million Investment in Nimsoft (click here)
Fastest Growing Systems Management Company Announces Second Round of Funding
Last update: 6:00 a.m. EDT Oct. 7, 2008
REDWOOD CITY, CA, Oct 07, 2008 (MARKET WIRE via COMTEX) -- Nimsoft, the fastest growing systems management company, today announced that the company has completed a funding round of $12 million led by new investor Goldman Sachs with follow on investments from Series A investors JMI Equity and Northzone Ventures. The company will use the funds to continue its growth and help achieve its vision of becoming the world's leading enterprise systems management software company....
The Republicans don't believe Alternatives Matter.
October 07, 2008
Goldman Sachs Cuts Solar Stock Benchmarks (FSLR, SPWRA, CSIQ, LDK)) (click here)
Two key solar stocks are being hit hard in early indications. First Solar, Inc. (NASDAQ: FSLR) and SunPower Corporation (NASDAQ: SPWRA) have both been downgraded to "Sell" from the prior "Buy" ratings over at Goldman Sachs. The fallout from these calls may create new issues for the sector which has already seen its key components chopped down in the current market....
Tuesday September 30, 2008
Goldman Sachs seeks to buy US$50b assets (click here)
NEW YORK: Goldman Sachs Group Inc is looking to buy up to US$50bil of assets from troubled US banks, the Financial Times reported on Sunday, citing executives at the bank.
The newspaper said it was looking to buy the assets as part of its transition into commercial banking.
Last Sunday, Goldman and rival Morgan Stanley said they would become bank holding companies, enabling them to accept deposits and killing the investment bank model that had dominated Wall Street for decades.
Goldman said then it intended to expand its deposit base by buying deposits from other banks, including those in distress.
The FT said Goldman planned to talk to US regulators to find US$50bil of assets it could buy from the struggling banks. Those assets would be in addition to the US$150bil of its own assets it is moving to its Utah Industrial Loan Corp, a bank regulated in that state, the report said. - Reuters
Why Republican Tax Cuts are irrelevant and should never be made ? permanent ?
There is nothing magic about Republican Tax Cuts. They are draconian to our country and our economy. The need for tax cuts should be obvious, not granted for the sake of politics.
The idea behind cutting corporate taxes is to allow liquid assets to make improvements in infrastructure that would prompt higher employment and product production. When businesses find they have markets to satisfy but don't have enough product to provide to that market it inhibits GROWTH.
When government provides funds for business to expand in the way of tax cuts, it isn't giving up any income. Or I should say, it isn't supposed to be giving up any income, i.e. The Bush Tax Cuts provided deficit government spending without purchasing anything.
The way it is supposed to work, is that government grants tax cuts to businesses, in turn business builds more infrastructure and produces more product. Within that dynamic is increased employment for the citizens of the country as well as additional income to the country through personal income tax, and for states and local governments through sales taxes when more product is sold.
The reason the McCain tax cuts and why Bush's Tax Cuts mean nothing to the economy is because there was no market share demanding more product. If a business has a maximum 'market share' it doesn't matter if they get tax cuts because there is no need to expand. The Bush/McCain Tax Cuts will go to the profit side of the business and will go into stockholders pockets.
The Bush/McCain Tax Cuts lose money for the federal government and place greater indebtedness to the federal and state governments.
The infrastructure for any country is actually fixed and growth within that infrastructure is mostly measurable. The federal government is supposed to realize the needs of the populous of the USA and provide for short falls in state needs through federal subsidies to all fifty sates. The income to the federal government is derived from citizens throughout the states and territories of the USA. Those funds become a general fund to pay for costs of the people across the same demographics that the taxes were received with special attention to states with lower income.
Example: The poorest state in the country is Alabama. In order to insure better quality of life for people in Alabama there needs to be federal subsidies to that state derived from income obtained from all the states, including those that are wealthier states. No state will ever be self-supporting to the point of never needing funding from the federal government, by the sheer fact each state could never afford their own military nor support it through enlistment of only their state populous.
The federal government is necessary and taxes to that level of government is necessary. The Executive Branch is the administrator of the country's needs and is supposed to be adequately addressed through the cabinet. It is legitimate use of the federal government to provide stability to the needs of people in this country through taxation and appropriate expenditures.
With existing tax cuts, there is no reason to provide more of the same to the same people. The Middle Class of this country need to have their standard of living returned to them and can be assisted by providing tax cuts. It also needs a new infrastructure in the way of employment opportunities to high school educated folks.
The quality of education has been compromised in the USA. There was a radical change in educational infrastructure that was poorly funded while providing impetus for families to move their children to private or charter schools. Those charter schools on rare occassion have proven to provide underachieving students rather than exceptional achievers as was expected. Due to the decrease in the achievement of our young learners there is a drop off in the need for college infrastruture as it is anticipated college admissions will level off as soon as next year.
With that in mind, we have had an increase in our population to the tune of currently 300 million, with primarily more and more of that demographic ending their initial years of education at the high school or less level. There are dearly few jobs for these folks. To believe we can educate all of them to high school level, send them to two or more additional years of education and then assist them into better paying jobs is only to realize demise for a 'start up' economy at the onset of the new administration.
The USA is in a very poor state today. We have enough of the 'Old World' USA from the Baby Boomer generation to allow for expertise and leadership, but, the new generation of American is struggling to find focus and impetus to a future that is secure and predictable. For a new administration to succeed they have to abandon any idea of providing further tax cuts to business and the 'upper crust' of this country and focus on bolstering the Middle Class including focusing on the budget shortfalls of states currently holding their own but struggling to stay afloat.
We need to refocus on our Brain Trust in the USA and provide the infrastructure to once again compete on that international stage. To facilitate all that, will require a 'quick fix' to the 'start up' economy awaiting an ambitious, young President.
Barak Obama will have to first focus on the actual needs for our military, see its futility in places where deaths and poverty provide for 'quite' and shift 'occupation' from Iraq to the needs of victory for Afghanistan without alienating the methodologies of the current President Karzai. Karzai has a clear understanding of his people and their desire to achieve a peace in Afghanistan they have longed for but to date have evaded them because of hostile regimes.
Stabilizing the 'costs' of our military will provide for vital elbow-room at home. We can then turn toward the most direly needed infrastructure for the USA and that is energy and transportation. The last Congress sessions beginning in 2006 have moved mountains in providing funding for 'discovery' of better battery technology for staunchly American companies like GM. They have begun the restructuring but need a President that is on their side to complete that vision. A President that can also deliver a Middle Class capable of purchasing products with advanced technology.
The new 'start-up' economy will be a 'working presons' economy whereby physical infrastructure will be addressed and changes to our energy needs coming quickly. It doesn't take decades to build wind farms or high speed magnetic rail across this country. With a return to 'jobs' that are predictable will return a 'tax base' we can count on while those paying that tax continue to enjoy expenditures on a personal level and raising 'demand' for the products we love to enjoy.
Huge infrastructure changes do not occur through private industry expenditures. It comes with government spending and taxing those with the most income is the right thing to do. The highest earners in the USA are approximately 1 to 2 percent of the population, how much 'demand' can they realistically create? The focus to the next Executive Branch and Congress in DC has to be one of focus and valuing the return of quality of life for all Americans.
The dynamics are really quite simple. There is no 'mystical' understanding of what makes the USA economy tick. Its good paying jobs that address the infrastructure changes required in this country to be an international leader on all fronts. Once the tax base is feed and the 'demand' side of the economy is stimulated we can accomplish anything. The answer to the return of the USA economy's vigor, is not to downsize the federal government to achieve balanced budgets and surpluses, but, to provide a widened tax base with healthy, happy Americans from all walks of life proud of their accomplishments with goals set on keeping our promises to our children as so many generations of Americans have done before.
Read My Lips.
No New Tax Cuts for The Rich !!!
The idea behind cutting corporate taxes is to allow liquid assets to make improvements in infrastructure that would prompt higher employment and product production. When businesses find they have markets to satisfy but don't have enough product to provide to that market it inhibits GROWTH.
When government provides funds for business to expand in the way of tax cuts, it isn't giving up any income. Or I should say, it isn't supposed to be giving up any income, i.e. The Bush Tax Cuts provided deficit government spending without purchasing anything.
The way it is supposed to work, is that government grants tax cuts to businesses, in turn business builds more infrastructure and produces more product. Within that dynamic is increased employment for the citizens of the country as well as additional income to the country through personal income tax, and for states and local governments through sales taxes when more product is sold.
The reason the McCain tax cuts and why Bush's Tax Cuts mean nothing to the economy is because there was no market share demanding more product. If a business has a maximum 'market share' it doesn't matter if they get tax cuts because there is no need to expand. The Bush/McCain Tax Cuts will go to the profit side of the business and will go into stockholders pockets.
The Bush/McCain Tax Cuts lose money for the federal government and place greater indebtedness to the federal and state governments.
The infrastructure for any country is actually fixed and growth within that infrastructure is mostly measurable. The federal government is supposed to realize the needs of the populous of the USA and provide for short falls in state needs through federal subsidies to all fifty sates. The income to the federal government is derived from citizens throughout the states and territories of the USA. Those funds become a general fund to pay for costs of the people across the same demographics that the taxes were received with special attention to states with lower income.
Example: The poorest state in the country is Alabama. In order to insure better quality of life for people in Alabama there needs to be federal subsidies to that state derived from income obtained from all the states, including those that are wealthier states. No state will ever be self-supporting to the point of never needing funding from the federal government, by the sheer fact each state could never afford their own military nor support it through enlistment of only their state populous.
The federal government is necessary and taxes to that level of government is necessary. The Executive Branch is the administrator of the country's needs and is supposed to be adequately addressed through the cabinet. It is legitimate use of the federal government to provide stability to the needs of people in this country through taxation and appropriate expenditures.
What Bush and McCain have done in randomly stating they will remove tax burdens from businesses to supposedly increase employment is to actually and continually remove services to the people of the USA and downsize the federal system. Their approach to tax cuts is completely invalid and has added to the deficit of the USA.
Tax cuts to the Middle Class is a benefit to the 'return' of American economic infrastructure because it adds to the demand for products. When the American people don't have good quality of life, poor paying jobs or no jobs at all, face ill health without hope and have their children's education compromised through poorly funded local and state expenditures that screams of federal government NEGLECT. That neglect exists in our federal government today, because of poor supply side economics. Bush/McCain puts money in the pockets of people and businesses that have no need for it and do nothing to contribute to the growth of the USA.With existing tax cuts, there is no reason to provide more of the same to the same people. The Middle Class of this country need to have their standard of living returned to them and can be assisted by providing tax cuts. It also needs a new infrastructure in the way of employment opportunities to high school educated folks.
The quality of education has been compromised in the USA. There was a radical change in educational infrastructure that was poorly funded while providing impetus for families to move their children to private or charter schools. Those charter schools on rare occassion have proven to provide underachieving students rather than exceptional achievers as was expected. Due to the decrease in the achievement of our young learners there is a drop off in the need for college infrastruture as it is anticipated college admissions will level off as soon as next year.
With that in mind, we have had an increase in our population to the tune of currently 300 million, with primarily more and more of that demographic ending their initial years of education at the high school or less level. There are dearly few jobs for these folks. To believe we can educate all of them to high school level, send them to two or more additional years of education and then assist them into better paying jobs is only to realize demise for a 'start up' economy at the onset of the new administration.
The USA is in a very poor state today. We have enough of the 'Old World' USA from the Baby Boomer generation to allow for expertise and leadership, but, the new generation of American is struggling to find focus and impetus to a future that is secure and predictable. For a new administration to succeed they have to abandon any idea of providing further tax cuts to business and the 'upper crust' of this country and focus on bolstering the Middle Class including focusing on the budget shortfalls of states currently holding their own but struggling to stay afloat.
We need to refocus on our Brain Trust in the USA and provide the infrastructure to once again compete on that international stage. To facilitate all that, will require a 'quick fix' to the 'start up' economy awaiting an ambitious, young President.
Barak Obama will have to first focus on the actual needs for our military, see its futility in places where deaths and poverty provide for 'quite' and shift 'occupation' from Iraq to the needs of victory for Afghanistan without alienating the methodologies of the current President Karzai. Karzai has a clear understanding of his people and their desire to achieve a peace in Afghanistan they have longed for but to date have evaded them because of hostile regimes.
Stabilizing the 'costs' of our military will provide for vital elbow-room at home. We can then turn toward the most direly needed infrastructure for the USA and that is energy and transportation. The last Congress sessions beginning in 2006 have moved mountains in providing funding for 'discovery' of better battery technology for staunchly American companies like GM. They have begun the restructuring but need a President that is on their side to complete that vision. A President that can also deliver a Middle Class capable of purchasing products with advanced technology.
The new 'start-up' economy will be a 'working presons' economy whereby physical infrastructure will be addressed and changes to our energy needs coming quickly. It doesn't take decades to build wind farms or high speed magnetic rail across this country. With a return to 'jobs' that are predictable will return a 'tax base' we can count on while those paying that tax continue to enjoy expenditures on a personal level and raising 'demand' for the products we love to enjoy.
Huge infrastructure changes do not occur through private industry expenditures. It comes with government spending and taxing those with the most income is the right thing to do. The highest earners in the USA are approximately 1 to 2 percent of the population, how much 'demand' can they realistically create? The focus to the next Executive Branch and Congress in DC has to be one of focus and valuing the return of quality of life for all Americans.
The dynamics are really quite simple. There is no 'mystical' understanding of what makes the USA economy tick. Its good paying jobs that address the infrastructure changes required in this country to be an international leader on all fronts. Once the tax base is feed and the 'demand' side of the economy is stimulated we can accomplish anything. The answer to the return of the USA economy's vigor, is not to downsize the federal government to achieve balanced budgets and surpluses, but, to provide a widened tax base with healthy, happy Americans from all walks of life proud of their accomplishments with goals set on keeping our promises to our children as so many generations of Americans have done before.
Read My Lips.
No New Tax Cuts for The Rich !!!
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