(52) Trade & Globalization

Yet every now and then there is a story - like this one - which restores a tiny sliver of faith in mankind..

I know they call it The Doomsday Vault, but I think it’s a brilliant example of what a bit of imagination and globabl co-operation can achieve.
LONGYEARBYEN, Norway — A “doomsday” seed vault built to protect millions of food crops from climate change, wars and natural disasters opened Tuesday deep within an Arctic mountain in […]

Never heard of the unregulated Credit Default Insurance Market? It may be next to implode AND it’s worth over (sit down) $45.5 Trillion.

I had thought the worst news of the day might carry over from the rigged elections in Pakistan but it might instead be this horror story. Living on the Upper East Side my first instinct was to see if any bodies were falling past my window.
You may do the same. Even worse, you […]

Posted by admin on February 17th, 2008

Filed under (52) Trade & Globalization, (30) Issues, (04) Latest News | No Comments »

Standard & Poors say the world lost $5.2 TRILLION dollars in January. [long silence] So, I hear the writer’s strike is over.

AFP reports:
World stockmarkets lost 5.2 trillion dollars (3.6 trillion euros) in January thanks to the fallout from the US subprime crisis and fears of a global economic slowdown, Standard & Poor’s said Saturday.
“If investors thought the market could only go up, January’s wake-up call pulled them back into reality,” the independent credit ratings’ provider said.
Standard […]

Posted by admin on February 10th, 2008

Filed under (52) Trade & Globalization, (32) Budget & Spending, (04) Latest News | No Comments »

Now they’re worried about inflation?

That’s the wall Street Journal, finally…
Federal Reserve officials are acknowledging increasing weakness in the economy, signaling a willingness to cut rates again at their next meeting. But inflation concerns are rising among some officials, indicating the magnitude of their next move may be a matter of contention.
…..
Some officials, however, expect growth to rebound in the […]

Waving Goodbye to Hegemony

BTW, it has been pointed out to me, that we seem to refer a lot to the New York Times for our news stories. I’ve been told this shows my liberal bias. Readers who read will probably note that many times I disagree with the paper of record, but I acknowledge that it […]

DAVOS sends get well cards

Although the world still seems to agree that when America sneezes, the rest of the world, well, sniffles, it is the image of America as a big lumbering giant who can’t help inflicting wounds on itself that appears to be dominating this year’s conference at Davos. Not that I’m there or anything (not this […]

Posted by michael on January 24th, 2008

Filed under (52) Trade & Globalization, (30) Issues, (02) Editorial Board Blog | No Comments »

Dow Plunges More Than 300 Points on Grim Outlook Jan 17 New York Times

Is it time to climb out on the ledge?
Michael M. Grynbaum reports:
Stock markets plunged on Thursday as investors confronted a troubling manufacturing report and new indications of the depth of subprime losses and housing woes. The Dow Jones industrial average lost more than 300 points.
And:
The Dow Jones industrial average ended down 306.95 points, or 2.5 […]

Posted by admin on January 17th, 2008

Filed under (52) Trade & Globalization, (30) Issues, (04) Latest News | 1 Comment »

Paul Won’t Rule Out Run as Independent Dec 24 Washington Post

December 24, 2007
Go to Original
Paul Won’t Rule Out Run as Independent
Ron Paul, the Texas congressman stirring up the Republican presidential contest with his libertarian-leaning views and online fundraising prowess, left the door open Sunday to running as an independent, should he not win the Republican nomination.
Paul, who has railed against excessive federal spending, also […]