Tag Archives: Recession
GM emerges from Bankruptcy
1. After 40 days and 40 nights… GM comes outta Bankruptcy - The financial flood is over (not really) for what was once the largest corporation in the world. But the feds still own 60% of GM, so… the Chevy/Cadillac/Buick/GMC Ark is still very much resting on the Mt. Ararat shoulders of Uncle Sam. (From [...]
Posted in Morning Five Also tagged Boneless Chuck, Cemetery, Climate Change, Financial Crisis, G8, GM, Internets, Noah's Ark, NY Times, Print Journalism Leave a comment
The difference between Unemployed and renting a tent
1. What it’s like to really be down and out - So the new unemployment numbers aren’t good… but what is it really like to be seriously on the skids? Colby Buzzel (a damn good writer and seemingly nice enough guy) explores the world of $10 a month tents and a neighborhood known as the [...]
Posted in Morning Five Also tagged Colby Buzzel, Conflict of Interest, Dryer, Medvedev, Obama, Putin, Russia, San Francisco, Schizophrenia, Sears, Unemployment, Washington Post Leave a comment
Skin in the Game
1. Banks, mortgages, and Skin in the Game - One of the major causes of our current financial crisis was how banks were handling mortgages. Banks used to lend a home buyer money, betting on the fact that they’d repay that money back to the bank. Thanks to mortgage backed securities, banks could lend someone [...]
Posted in Morning Five Also tagged Ahmadinejad, Cheap Beer, Drudge, Financial Crisis, Forclosure, Garden, Housing Crisis, Iran Election, Michelle Obama, Pilot, Plane, Skin in the Game Leave a comment
North Korea is Cranky
1. North Korea Continues to Push it – N. Korea has
restarted a nuclear reactor as well as does away with the
50 year armistice.
(From the London Times)
2. Three out of four economists think the recession is ending – No word on whether or not their dentists recommend trident. (From ABC news)
3. Eat a lot Less Garbage [...]
Posted in Morning Five Also tagged Axis of Evil, Champions league, eating, futbol, Kim Jong Il, LeBron James, low calorie, NBA, Nike, North Korea Leave a comment
Nasa Warms up the back-up shuttle.
1. You know it’s a dangerous NASA Mission when there’s a backup Shuttle on Standby -
The new mission to upgrade the Hubble is risky enough that NASA has one of their remaining shuttles on the extra launch pad, ready to go in case the shuttle in orbit gets hit by space junk and can’t come [...]
Posted in Morning Five Also tagged Airline, back up plan, Hubble, Jon Edwards, Luggage, Mutiny, NASA, Neck tie, pets, planes eating things they shouldn't be eating Leave a comment
The Recession Is Over!
The recession is over and has been for some time. It really wasn’t that big of a deal. Shit happens, right? But the caucaphony of modern media blows things out of proportion. Remember Terry Shiavo? Did that really matter? Nope, but it got a lot of press.
The democrats are angry and riled up at CEOs. [...]
Is this a Depression?
1. Is this recession becoming a slight depression? - If that won’t scare investors into selling off and consumers from not making a purchase, I don’t know what will. Self Fulfilling prophecy indeed.
(From the AP)
2. Meanwhile, the Dow seems to be doing
what it did between 1929 – 1931 – The Stock market is down 54% [...]
Posted in Morning Five Also tagged Blago, Depression, Dow, Drunk, Financial Crisis, Michael Steele, Rush, Stock Market Leave a comment
How does Ben Bernanke keep going?