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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.
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POPSInnocent Govt Bailing out Evil Industry=NOT ! Congress passed the Sarbanes-Oxley Act in 2002, placing some very stringent, inappropriate, and inflexible reporting rules on financial institutions. Under this law, financial assets must be valued at fair market value--- even if they are not for sale! The Working Capital Model eliminates this problem entirely, but it is difficult to apply when the individual securities are not identifiable. More than 95% of Americans are making their mortgage payments right on schedule, yet there is no market for the financial products that contain these mortgages. Consequently, balance sheets reflect trillions of dollars less than the maturity value of the securities held by the financial institutions.
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POPSHappeez Clips and pads stick to stainless steel! Now there is a product that allows you to stick to stainless steel. It is made of a revolutionary material that grips to slick surfaces like stainless steel, mirrors, glass, or aluminum. The material is not even slightly sticky or tacky and leaves zero residue. Use it just like you would a magnet. If the product ever loses some grip, simply clean it with water or a vinegar-based cleaner.
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POPSWhy renting makes more financial sense than homeownership 
Questions/Objections "Renters throw money down the drain."...If you have $300,000 and a choice between spending it on a house or shares, you'll pay $6,000 a year in incidentals if you buy the house or about $15,000 a year ($1,250 a month) in rent if you buy the shares. But the shares will return $21,000 a year after inflation while the house will return zero.... "House buyers get tax breaks." So do share buyers, but both are a bad deal... "What about the pride of home ownership?" It's not for me. I define ownership as no longer having to pay for something and being able to do as I please with it. I own my coffee maker. House owners must pay taxes each year even when their mortgage payments are done. In certain markets they can't even make changes to the houses they've paid for without seeking the approval of others... "Are you saying I should sell my big house and rent an apartment instead?" I'm not trying to win anyone over. Strong demand for houses keeps my rent cheap.[/qu
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POPSNewt Gingrich Blasts Proposed $700 Billion Bailout Plan
This idea that we're going to buy the paper and some bureaucrat in Washington is going to be responsible for $700 billion in bad paper, I think, is socialism at its worst. I can't imagine why this administration is doing it. I think it is profoundly wrong, and I hope it is defeated if it comes to the floor in this form. GINGRICH: Well, if this is going to be rewritten, they ought to be prepared to meet all weekend. They ought to postpone the debate. I think it would be a tremendous sign for America and the world if Senator Obama were to work side by side with Senator McCain, jointly try to develop a joint bill. It think it would be a great act of the patriotism and good for the whole country, and I think it would put them beyond partisan maneuvering. So I would hope that Senator Obama would reconsider. I think the idea that Senator McCain is prepared to work while Senator Obama wants to go talk doesn't speak well for Senator Obama's judgment.
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POPSCorruption creating humanitarian disaster The Berlin-based watchdog estimated that unchecked levels of corruption would add $50 billion -- or nearly half of annual global aid outlays -- to the cost of achieving the United Nations' Millennium Development Goals on combating poverty.
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POPSEnvironmental cars Small U.S. manufacturers like Phoenix Motorcars’ and California’s ZAP (Zero Air Pollution) are giving green cars their best shot, but taking on the big U.S. three may still make for a rough ride. While Chevrolet’s 2008 Malibu Hybrid gets only slightly better gas mileage than the gas powered version, the electric Volt is scheduled for limited production by the end of 2010. According to Chevrolet’s web site, “We've placed a huge priority on getting the Volt to production as soon as possible.” Saturn hopes to stay in the race with their VUE compact SUV and Aura green line, and taking a step in the right direction, Ford plans to retool truck plants to hopefully build green cars. DaimlerChrysler, like Canadian manufacturers ZENN Motor Co. and Dynasty ElectricCar Corp., released several low-speed, neighborhood class vehicles in 2008. Very limited mileage ranges and top speeds less than 30 mph may keep these green cars out of the race and well hidden behind the grandstands.