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13 Apr 2009 09:21

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World: That situation in Thailand is still pretty crazy, guys

The state of emergency, along with the heavy protests over the government, continues. And it’s escalating. source
Posted by Ernie Smith • 0 Comments • Permalink

02 Apr 2009 21:30

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U.S.: Notable numbers #5 & #6: Who gets food stamps & how much?

  • 32.2 million people use food stamps to fill up their cupboards. That’s like one in ten. Yikes. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Mar 2009 10:56

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Biz, U.S.: Timothy Geithner wants to add more financial industry oversight

  • Our system failed in basic fundamental ways. The system proved too unstable and fragile, subject to significant crises every few years, periodic booms in real estate markets and in credit, followed by busts and contraction.
  • Treasury secretary Timothy Geithner • In testimony to the House Financial Services Committee (which is headed by awesome guy Barney Frank). He wants to fix the broken system. Hey, if he pulls it off, maybe people won’t hate him anymore. • source
Posted by Ernie Smith • 0 Comments • Permalink

19 Mar 2009 21:26

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Politics, U.S.: Republican strategist: Off with Timothy Geithner’s head!

  • Geithner’s only constituent is President Obama. Mr. Obama selected Mr. Geithner because his appointment was expected to calm Wall Street. But what good does it do the president to gain Wall Street and lose the rest of America?
  • John Feehery • A Republican strategist who wrote an entire article trashing on Treasury Secretary Timothy Geithner. In the wake of the AIG bonus scandal on top of his apparent incompetency, Feehery and other Republicans – and heck, some Democrats – are calling for his resignation already. Obama hasn’t even made it through his first 100 days yet! • source
Posted by Ernie Smith • 0 Comments • Permalink

19 Mar 2009 10:45

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Biz, U.S.: Are too many dollar bills going to get printed?

Where is George? He’s everywhere. And investors are scared that he’ll be weaker after more of him enter the market. source
Posted by Ernie Smith • 0 Comments • Permalink

14 Mar 2009 18:20

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Biz, U.S.: Dear AIG: Why are you still giving out bonuses?

  • AIG got a ton of money from the government to keep the economy going, because they’re too freaking big and broke everything. source
  • They’re restructuring some of their biggest bonuses to executives, but still giving out hundreds of millions to employees. WTF? source
Posted by Ernie Smith • 2 Comments • Permalink

05 Mar 2009 10:36

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Biz: General Motors sounds like they’re on their last legs

  • The failure to obtain sufficient funding from the U.S. government or governments outside the United States may require us to shrink or terminate operations or seek reorganization for certain subsidiaries outside the United States.
  • General Motors • In a filing to the federal government regarding the health of their company. The company says it may have to go into bankruptcy to stay afloat, which, considering their size, would probably not be healthy for the economy at all. Michigan is screwed. • source
Posted by Ernie Smith • 2 Comments • Permalink
 

01 Mar 2009 22:22

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Biz, U.S.: The U.S. props up AIG with even more money

  • $60 billion the projected quarterly loss the insurer plans to announce tomorrow – the largest ever. That sounds incredibly sucky, guys. :/ source
Posted by Ernie Smith • 0 Comments • Permalink

23 Feb 2009 10:44

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Biz, U.S.: You know Citi? Well, you could soon be one of its owners!

  • 40% of Citi’s stock could be owned by the government source
Posted by Ernie Smith • 0 Comments • Permalink

23 Feb 2009 10:30

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World: Zimbabwe’s unified government seizing white-owned farms?

  • 77 farms in Zimbabwe have been seized by authorities source
Posted by Ernie Smith • 0 Comments • Permalink
 
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