10
POPSRupert Murdoch Loves The Communist Chinese Government Does politics really make strange bedfellows? Is it so odd that Murdoch should support another corrupt, brutal and authoritarian goverment? We should read this and ask ourselves: what is it that Rupert Murdoch and his ilk really believe in? Are they really conservatives or simply autocrats mascarading behind a "small government" agenda? What is meant by "small" anyway? From one angle, the smallest government possible is a single dictator, while the largest government possible is a democracy where everyone holds equal share in the governance of their society.
10
POPSQuantum Atheism??? This is too much fun! I stumbled on Scott while google-ing a theoretical number for a blog post. His style, even within the scientific genre of his writings is a treat.
7
POPSDow Tumbles 395 Points On Oil Spike Stocks tanked Friday, with the Dow industrials shedding 395 points, after oil prices spiked more than $11 a barrel and the May jobs report showed a big jump in the unemployment rate. Bond prices surged, as investors sought safety in government debt, while the dollar tumbled versus the yen and euro. According to early tallies, the Dow Jones industrial average (INDU) lost 395 points, its biggest one-day point loss since February of 2007, at the start of the subprime mortgage crisis. The selloff Friday amounted to a decline of more than 3%.
5
POPSSenate votes to extend tax credits for renewable energy So the Senate and House have now decided to extend the tax credits. The big difference is that the House want to subsidize them by increasing taxes on oil companies, whereas the Senate just wants to eat the cost. Let's hope that Congress and the President can agree on a solution, because this would be great for the country and the world for many reasons!
5
POPSDow plunges nearly 450 points:'People are scared to death,' Personally I am not so much scared about the economy failing as I am about the wave of things that could follow, like home heating, electric, water, etc. Since the people down stream who won't be able to afford to work. Without worker bees things will gradually demise further.
4
POPSWhy WSJ.com Won't Go Free Blodget makes a good argument for Murdoch keeping the WSJ in a subscriber model...a pretty bold prediction, given the rest of the industry's assurances that the wall is about to come down.
4
POPS Day One Obama faces a Cold War threat and a warning from Israel Gordon Brown became one of the first world leaders to congratulate Obama in a ten-minute telephone call last night. Aides said they discussed Obama's plans for a phased withdrawal from Iraq and his commitment to boost forces in Afghanistan. Speaking from the South Lawn of the White House, President Bush said he would be meeting Mr Obama next week and is making 'unprecedented efforts' to make a smooth transition during his final 74 days in office. As if the instant foreign policy tests were not enough, Mr Obama was also facing more economic problems with the Dow Jones Index dropping for a second successive day. Wall Street greeted his election win by plunging nearly 500 points on Wednesday and it was down again by 274 points in afternoon trading.
4
POPSFDIC Could be as unstable as the banks Everyone needs to take note: the FDIC which insures all the banks that hold our money is very close to failure itself. Slow banks runs are already happening all over the U.S.
4
POPSHedge Fund's Trade Secrets In Manipulating The Global Stock Markets 
- have been savaged far more than Wall Street's errant financiers even though they have yet to write off a single extra cent in bad debt since the credit crisis hit last year. At the moment, they are simply making prudent and relatively tiny provisions in case anything does go wrong. The ASX financial index has been slashed by 30.3 per cent since November 1. But on Wall Street, the cause of the problems, the Dow Jones banking index has fallen just 21 per cent. How could that possibly be? The answer is that the traders have found a chink in Australia's regulatory armour. The hedge funds have found a way to manipulate the market through a process known as short selling. This is where traders sell stocks if they think the share price will fall in the future. Then they buy them back at a lower price later on. It is perfectly legal and even encouraged as it can add liquidity to markets. In recent years, however, the practice has become more sophisticated and incredibly complex.
4
POPSOne Week Later, a New World Order This restructuring of our financial markets is moving so fast, without any planned or studied direction, once the bill hit's the taxpayers for this one you can kiss goodbye any tax cut promises regardless who makes them, it just can't happen
3
POPSJobless claims at 7-year high How could anyone vote for 4 more years of it? Republican policies get thousands of our soldiers killed, push jobs overseas, devalue US international influence, prevent millions of us from getting medical treatment, devastate our economy - and half our voters limp to the polls to beg for more.
3
POPSS&P 500 Surge Are markets moral? Christians historically have said yes, but now most of us seem to have accepted a free market principle with little criticism, self included. I'm rethinking that and would like to kick this around a bit. I don't think communism or socialism is the only alternative to a free market principle. I don't have a strong view on this; just want to discuss it, particularly with those who reject socialism/communism. I had to include the bit about Energizer buying Playtex...I'd rather not discuss it, but it's sort of potentially rich joke ground.
3
POPSTop Trend-Caster: Prepare for Economic Winter Now! Get ready: He predicts bank runs by Feb. 2009. He is serious and he has been right on the mark in most predictions. His firm is Trends Research (here) and he is exposing the Goverment Lies and Big Banksters corruption. He has been interviewed as an acknowledged expert (which history proves) by such diverse media as CNN, Alex Jones (radio interview tonight), Fox News (where he said there would be a revolution against big government), and MSNBC, and Coast to Coast radio. His firm analyzes as "political atheists", they do not care about either political party, and consider them both corrupt. We forecast a high probability for the government to call a bank "holiday," at which time withdrawals will be drastically limited . Thus, while deposits will be FDIC insured, restrictions will be imposed on withdrawals. Is that why Obama is keeping Bush's new Executive Order for Martial Law upon any "nat'l emergency"?
3
POPSBernanke, Paulson, Trichet May Act to Unblock Lending (Update1)
Rates are also surging in the commercial paper market that many U.S. companies use to finance their day-to-day operations. Yields on overnight U.S. commercial paper jumped 0.94 percentage point to 3.68 percent. `The Federal Reserve must now act as a clearing house'' for banks and ``must also take another bold step: outright purchases of commercial paper, said Bill Gross, manager of the world's biggest bond fund at Newport Beach, California-based Pacific Investment Management Co. Europe's Dow Jones Stoxx 600 Index having its steepest intraday decline since 1987 and emerging markets, until now the locomotives of the world economy, hit particularly hard: exchanges in Russia and Brazil halted trading. One less complicated step would be for central banks to lower rates in concert. Traders are betting that the Bank of England will lower rates at a meeting this week, and that the Fed will cut its benchmark by at least half a point at or before an Oct. 28-29 gathering.
3
POPSStocks slide! Think the fact that everyone is reporting that the U.S. is about to drop nukes on Iran might be causing the strength in commodity prices. That wouldn't push oil prices up or anything. I have 2 words for the Bush adminstration (not true actually, i have a bunch...but here are two of them): ALTERNATIVE ENERGY. spend 1/2 the money that the iraq job is costing on alternative sources of energy and the economy would be rocking, the environment might stand a chance, and we'd actually be doing 10x more to affect the balance of power in the middle east. I really want to run for president...my entire campaign would consist of only 2 words...alternative energy. What is your plan to stimultate the economy: alternative energy What is your plan to fight the war on terror: alternative energy What is your plan to combat global warming: alternative energy