From Pragmatic Capitalism:
I’ve long expressed my displeasure with the specific approach implemented by the Bernanke Fed. I am admittedly hard on Dr. Bernanke at times, but I think much of their framework is based on a flawed ideology and misunderstanding of the way the economic machine works.
In today’s press conference Q&A, Bernanke said something that I believe confirms this view. Pedro da Costa asked how the transmission mechanism works and [...]
With Mario Draghi clearly indicating that he wants to reactivate the ECB’s Securities Markets Program last week, fixed-income investors are betting big that the European Central Bank will insert itself back into the bond-buying business at this Thursday’s meeting.
They’re getting ahead of themselves.
ECB President Draghi faces numerous obstacles before representatives of the all-important German Bundesbank will support an SMP restart with their votes on the ECB’s governing council. Not least [...]
Germany’s Constitutional Court was set up after the war as part of an elaborate system of checks and balances. But recently it has been hampering the Germany government’s efforts to solve the euro crisis, much to the annoyance of some politicians in Berlin. Critics accuse the court of wanting to safeguard its own power.
It isn’t often that German Chancellor Angela Merkel shows her displeasure at something. One of the chancellor’s [...]
Merkel Hardens Position
The EU summit is a day away and pre-summit bickering is so intense that it will be difficult if not impossible to get any major agreements.
Two days ago, in a speech in German parliament, Bloomberg reportedMerkel Hardens Resistance to Euro-Area Debt Sharing
Monti Lashes out at Germany
In response his own falling support as much as his displeasure with Merkel, Monti lashes out at Germany ahead of summit
Italy’s technocratic prime [...]
Floods and abortions are distinctly different topics — except to Sen. Rand Paul (R-KY), who is trying to attach an anti-choice amendment to the Senate’s flood insurance bill.
After years of delay, senators recently came to an agreement over the flood bill and were set to vote on it this week.
But now, Paul is threatening to hold up its final passage by adding an amendment defining when life begins. Senate Majority Leader [...]
By Rosalind S. Helderman,
Senate Democrats are making plans to force a floor vote on legislation that would invalidate Arizona’s controversial immigration statute if the Supreme Court upholds the law this summer.
Sen. Charles E. Schumer (D-N.Y.) will announce the fallback legislation at a hearing on the Arizona law Tuesday, a day before the Supreme Court hears oral arguments in a suit to determine whether Arizona had the authority to enact the 2010 state crackdown.
The legislation would [...]
While the president has been urging “insourcing,” the government has been sending money to the Philippines to train foreign workers for jobs in English-speaking call centers.
According to New York Democratic Rep. Tim Bishop and North Carolina Republican Rep. Walter Jones, this is unacceptable and “shocking.”
The pair are calling on the United States Agency for International Development to immediately suspend what is known as the Job Enabling English Proficiency (JEEP) program.
The CBRC says it began an investigation into bank fees on April 1.
SHANGHAI—In a fresh sign of official displeasure with the nation’s state-run banking system, China’s bank regulator has warned lenders they will be “severely punished” for charging excessive fees.
In a notice on its website dated Friday, the China Banking Regulatory Commission said it began an investigation into bank fees on April 1, adding that banks that are found [...]
A week ago we had the displeasure of reminding America that in 8 years three quarters of the population will be obese. We said that “many forget that a much more serious long term issue for the US (assuming anyone cares what happens in the long run) is a far more ominous secular shift in US population – namely the fact that everyone is getting fatter fast, aka America’s “obesity epidemic.” And [...]
Resolution introduced to send more U.S. troops to “protect civilians”
Paul Joseph Watson
Tuesday, March 13, 2012
Two House lawmakers have introduced a resolution that seeks to deepen US Military involvement in Africa on the back of the Kony 2012 hoax, despite the fact that Joseph Kony and his Lord’s Resistance Army have been virtually inactive for six years.
“The resolution, introduced by Reps. Jim McGovern, D-Mass. and Ed Royce, R-Calif., calls [...]
The Washington Post
February 22, 2012
A number of Wall Street Journal Facebook pages were the subject of a comment flashmob Tuesday, claimed by Anonymous, just hours after the Journal published a report that warned the hacker group was getting more powerful.
The Anonymous Kollektiv, believed to based in Germany, told participants to copy the following message on Journal sites:
“Dear editors of the German Wall Street Journal, You equated Anonymous with al-Qaeda [...]
February 21, 2012
Israel has protested to the United States over recent comments by senior American officials critical of any Israeli attack on Iran, saying this criticism “served Iran’s interests.”
Prime Minister Benjamin Netanyahu, Defense Minister Ehud Barak and other senior officials made their displeasure known to Tom Donilon, U.S. national security adviser who has been in Israel this week.
A senior Israeli official said Netanyahu and Barak told Donilon of their [...]
Massive joint US-Israeli drill postponed
Paul Joseph Watson
Monday, January 16, 2012
The United States has cancelled a joint military exercise with Israel in a move some analysts are saying could represent a reluctance to support an attack on Iran.
“Israel and the United States have postponed a massive joint defense exercise, which was expected to be carried out in the coming weeks, in order to avoid an escalation with Iran,”reports Haaretz.
Michelle Obama was privately fuming, not only at the president’s team, but also at her husband.
In the days after the Democrats lost Edward Kennedy’s Senate seat in January 2010, Barack Obama was even-keeled as usual in meetings, refusing to dwell on the failure or lash out at his staff. The first lady, however, could not fathom how the White House had allowed the crucial seat, needed to help pass the [...]
Nearly half say there is no candidate who would make a good president
Americans are divided when asked if there is any candidate running who they think would make a good president, with 48% saying yes and 46% saying no. This is a slightly more positive outlook than that of 1992, when an incumbent president was also seeking re-election, but more pessimistic than in the election years of 2008 and 2000.
Regime Change in Europe: Do Greece and Italy Amount to a Bankers’ Coup?
By Stephan Faris Friday, Nov. 11, 2011
The voice of the people isn’t something the markets seem to want to hear these days. First there was Greece, the cradle of democracy itself, where early this month, the merest mention of a referendum offering its citizens a say in a series of severe austerity measures was enough to send the markets [...]
Over the weekend, we observed the perplexing sell off of $56 billion in US Treasurys courtesy of weekly disclosure in the Fed’s custodial account (source: H.4.1) and speculated if this may be due to an asset rotation, under duress or otherwise, out of bonds and into stocks, to prevent the collapse of the global ponzi (because when the BRICs tell the IMF to boost its bailout capacity you know [...]
AFTER nearly two weeks of living among the Occupy Wall Street protesters in downtown Manhattan, Ellis Roberts, 25, a Pennsylvania garbage collector laid off last year, looked scruffy and dazed.
He was not, however, hungry.
“I’ve been here for 12 days, and I’ve put on 5 pounds,” he said, sitting on the ground in front of a handmade sign that said “Class War Ahead.” “I’m eating better [...]
Is Sarah Palin preparing to declare her candidacy for president? In what is sure to cause a lot of speculation, she has taken the opportunity in her last two interviews on Fox News to go after some of that network’s tactics and contributors.
Sarah Palin expressed major displeasure at what she called a “quasi-reality-show” media game of building up candidates in order to tear them down.
by Simon Black of Sovereign Man
Look What I Got For Three Hours, Six Security Checkpoints, And $82…
If you’ve followed this letter for any length of time, you know that I
tend to roam around the world with great frequency; we’ll typically
have these conversations across 40 to 60 countries in 6 continents over a
Lots of international travel means lots of silly stamps, seals, and
stickers to fill up the visa pages in [...]
A long-running tiff between the White House press corps and the West Wing over presidential access flared anew today when press secretary Jay Carney faced off with reporters over the right to shout questions at the president during debt talks.
Obama chafes at the time-honored practice of answering questions shouted at him during pooled, non-press conference events – and his staff has often opted for “stills [...]
Yuan is over valued China is huge bubble: Andy Xie and James Chanos in agreement:
Close Yes, Comfy No for Sino-U.S. Trade Ties
Exchange rate tension and protectionist threats ignore proof that the Chinese and U.S. economies need one another
Globalization was a win-win for developed and developing countries for a long time. It doesn’t feel that way anymore. Developed countries, after enjoying cheap goods and high incomes for years, are now suffering [...]