Daily Digest

Daily Digest 3/3 - Where The Jobs Are, U.S. "Must Put All Iran Options On Table", In Defense Of Federal Bureaucrats

Saturday, March 3, 2012, 11:51 AM
  • European Financial System: You Need To Pay Attention To What Is Going On In Europe
  • Massive Resignations Have Started 2.0
  • Peres Says U.S. Must Put All Iran Options on Table
  • Pakistan Battles Militants, in Worst Fighting in Months
  • I work for Uncle Sam, and I’m proud of it
  • Where the Jobs Are, the Training May Not Be
  • GM To Suspend Production Of Chevy Volt

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Economy

European Financial System: You Need To Pay Attention To What Is Going On In Europe (David B.)

The frightening thing is that we haven’t even had a major financial crisis in Europe yet. So far, the powers that be have been able to keep Greece from defaulting and have been able to keep major banks all over Europe (NYSEArca:IEV) from collapsing.

But there are quite a few signs that the “moment of reckoning” for Europe is rapidly approaching….

Massive Resignations Have Started 2.0 (June C.)

Remember, this concluding financial war heated up in 2008 and we could surmise that the effects on the banking sector can only be felt within the last two years as they kept on kicking the can for as long as possible thru treasonous bailouts. Therefore, it is only fitting that, while we prefer to know the latest heads that rolled off the cliff, we might as well look back at the news that the banking sector have already known a few months ago but we are not simply aware of.

Peres Says U.S. Must Put All Iran Options on Table (jdargis)

Though the Israeli newspaper Ha’aretz reported last week that Mr. Peres planned to tell Mr. Obama he did not believe Israel should make a unilateral strike against Iran, on Thursday Mr. Peres did not directly address that issue. Instead, he emphasized the importance of international solidarity against a nuclear Iran, which he characterized as a ``catastrophe.”

Pakistan Battles Militants, in Worst Fighting in Months (jdargis)

It was an important milestone for Mr. Zardari and his supporters, who only a few months ago were dogged by sporadic speculation of a military coup and threats from assertive judges and lurid political scandals.

Those dangers have not entirely abated, but the Senate victory showed that Mr. Zardari’s party — whose supporters not long ago warned of a “soft coup” — has greater staying power than its critics ever imagined.

I work for Uncle Sam, and I’m proud of it (jdargis)

It seems that all I hear these days are the once and future leaders of our country tripping over themselves to denigrate the work we do. I’m tired of it, and I’m fed up. I don’t claim to represent anyone other than myself, but I would bet that a fair number of federal employees feel as I do. We are lawyers, doctors, PhD students, economists, writers, electricians, construction workers, security officers and technology specialists. We are not a drain on the national economy; rather, we are a primary reason why the United States remains as great as it is.

Where the Jobs Are, the Training May Not Be (jdargis)

This squeeze is one result of the states’ 25-year withdrawal from higher education. During and immediately after the last few recessions, states slashed financing for colleges. Then when the economy recovered, most states never fully restored the money that had been cut. The recent recession has amplified the problem.

Energy

GM To Suspend Production Of Chevy Volt (Jason K.)

Battery fires broke out in three Volts after safety crash-testing last year, but federal regulators determined that the car was no more risky than vehicles with conventional gasoline engines. GM and federal officials believe that the fires were caused by coolant leaking from damaged plastic casing around the batteries after side-impact test crashes. They say that they don't know of any such fires in regular use of the cars.

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3 Comments

littlefeatfan's picture
littlefeatfan
Status: Silver Member (Offline)
Joined: Jul 20 2009
Posts: 141
3E links, cartoons, and resources

new posting at  http://3es.weebly.com/

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 2766
Central banks' $9 trillion is global economic lifeline

Central banks' $9 trillion is global economic lifeline

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Central banks' $9 trillion is global economic lifeline

Central banks' $9 trillion is global economic lifeline

Very deflationary >_>- Sarcasm 

Maybe we can get ISDA also known as: (Bank of America, Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank AG, Goldman Sachs, JPMorgan Chase Bank, N.A., Morgan Stanley, UBS, BNP Paribas, Societe Generale, Citadel Investment Group LLC, D.E. Shaw Group, BlueMountain Capital Elliott Management Corporation, PIMCO) to take over Geico and then this won't be considered a totaled vehicle either.  Warren can sell insurance and never pay out on it and they can just print economic lifelines for billionairs and we can all pay for it day in and day out with a dead economy and a worthless dollar.

Insane asylum with psychopaths running the farm.  

Absolute anti-generational-tyranny.  Our kids are "proverbialed" to the wall.

P.S. I was just cleaning up after dinner and caught Egon von Greyerz on KWN.  I'll submit it to the DD, but here are 4 relivant key points he made with respect to bloated balance sheets of CBs and future necessary interventions:

  1. The ECB's balance sheet is north of 3 trillion  € (that's about $3,965,000,000,000 U.S. "Dawlers" as my favoritre reporter calls them.  vo Greyerz called the balance sheet toxin leveraged at 40:1
  2. NOONG Bernanke's [Not One Of Natures Gentlemen] balance sheet is over $3 trillion.  von Greyerz called the balance sheet toxin leveraged at 50:1
  3. People who leave their money in the banking system for the next few years are in all likelehood not going to be able to get it back out
  4. "You know why Warren Buffett doesn't like gold, doesn't understand gold, its out-performed his stock by 3.5 times over the past 10 years.

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