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lunar 26.11.2008 20:51

TERROR IN INDIEN

Anschlagsserie erschüttert Mumbai

Sie schossen mit Schnellfeuergewehren und warfen Handgranaten: Unbekannte Täter haben in der indischen Finanzmetropole Mumbai mindestens zehn Menschen getötet. Luxushotels, ein Kino und ein Bahnhof wurden angegriffen, eine Tankstelle wurde in die Luft gejagt. mehr...

:(

Mumbai rocked by deadly shootings

Scene outside a luxury hotel in Mumbai


Gunmen have opened fire at a number of sites in the Indian city of Mumbai (Bombay), killing at least 16 people and injuring others, local reports say.

Police officials said shooting was continuing and that the incidents appeared to be terrorist attacks......




full story mit Video: http://news.bbc.co.uk/2/hi/south_asia/7751160.stm

lunar 26.11.2008 21:12

Wed 26 Nov 2008

Land Of The Free, And The Home Of The Mets

Posted by alyx under bailout




Whether we’re talking about GM sawing a year off Tiger Woods’ contract or The Fed assuming AIG’s sponsorship of Manchester United, marketing deals are coming under fire as the bailout goes on. Now, some New York City Council members want Citi’s name off the Mets’ new home:
Two New York City Council members say that Citigroup should show its thanks for a federal bailout by sharing the naming rights to the new Mets ballpark in Queens.

The struggling bank is slated to pay $400 million over the next 20 years to name the stadium Citi Field.

The bank made the commitment years ago, when it was flush with cash. Now that Citigroup is getting billions of dollars in federal aid, Staten Island Republicans Vincent Ignizio and James Oddo say the ballpark’s name should be changed to Citi/Taxpayer Field.

Even though $400 million is not so much compared to the billions being used to keep C afloat, maybe the city should consider buying back the rights. Remember the debacle of The Field Formerly Known As Enron?

:rolleyes

lunar 26.11.2008 21:52

November 26, 2008
Sarah Palin in dead turkey gaffe




Jenny Booth div#related-article-links p a, div#related-article-links p a:visited { color:#06c; } The annual pardoning of the Thanksgiving turkey has become a colourful part of the US President's year, but Sarah Palin's attempt to imitate the tradition went wrong when she staged a post-pardon press conference in front of a production line where birds were being slaughtered.

The former Republican candidate for vice-president went down to a turkey farm in Wasilla, Alaska, last week to ceremonially spare the life of one 30lb bird that would otherwise have been destined for tomorrow's festive dinner tables.

"Oh my goodness, it weighs a ton! Good job, good job," she said, refusing to dirty her outfit by picking up the flapping white candidate for clemency, which was covered in bird waste.......

full story: http://www.timesonline.co.uk/tol/ne...icle5236689.ece


diese Frau :rolleyes :dumm

lunar 27.11.2008 09:21

Wed 26 Nov 2008

As Hank Paulson Prepares For Moving Day

Posted by alyx under hank paulson
1 Comment

If you were Hammerin’ Hank, what prank would you play on Tim Geithner, the incoming Treasury Secretary chosen by President Obama? (Poll has a comment option, feel free to use your imagination.)

What Prank Should Hank Paulson Play On Timothy Geithner?

Maniacal: Scream "THE REAL COLLATERALIZED DEBT OBLIGATION IS IN MY PANTS!" while running away.
Escapist: Transfer the rest of the TARP money to his personal account, disappear to Costa Rica.
Traditional: "Tarp" the office in post-it notes.
Lowbrow: Flaming "bag of poo and LEHMQ shares" on the front steps.

Vote ---> http://lolfed.com/2008/11/26/as-han...for-moving-day/



  1. jesse Says:







    November 27th, 2008 at 12:53 am All pushbuttons should be replaced with strings.

lunar 27.11.2008 09:50

Mumbai rocked by deadly attacks


Gunmen have carried out a series of co-ordinated attacks across the Indian city of Mumbai (Bombay), killing 101 people and injuring 287 more.....

ful story: http://news.bbc.co.uk/2/hi/south_asia/7751160.stm


lunar 27.11.2008 09:57

Traditionsfirma Woolworths meldet Konkurs an

Aktualisiert um 08:08 Uhr


Die altehrwürdige britische Handelskette Woolworths muss für ihre 800 Läden Insolvenz anmelden. Vor kurzem hatte es noch geheissen, eine Investorengruppe wolle den serbelnden Konzern übernehmen.


http://www.bernerzeitung.ch/wirtsch.../story/25115835


Work starts on Woolworths' rescue

Woolworths' administrators have begun efforts to rescue the retailer, after it said its business could no longer operate as a going concern.

All 815 stores will stay open for now, but 30,000 jobs are at risk after the chain buckled under its £385m debt.

Deloitte was last night appointed as administrator and says there are "expressions of interest" for the retail and wholesale businesses......

http://news.bbc.co.uk/2/hi/business/7751714.stm


...bald hat nichts mehr Bestand :( so kurz vor Weihnachten 30'000 jobs at risk :(

lunar 27.11.2008 10:43

Doughnuts served up as City bonuses slump

A quarter of investment bankers working in the City of London will receive no 2008 bonus while pay-outs for all but the very top performers will slump by two-thirds as the impact of the financial crisis on compensation becomes clear.

By Jonathan Sibun
Last Updated: 6:19PM GMT 26 Nov 2008


Forecasts of the scale of zero bonuses or 'doughnuts' will shock many in the City who headhunters warn have yet to "wake up and smell the coffee" over the effect of the credit crisis on remuneration.....

full story: http://www.telegraph.co.uk/finance/...uses-slump.html

....nicht scary - immerhin gibt's was zu essen :rolleyes

lunar 27.11.2008 10:52

Zitat:
Zitat von watertaxi

Rettung des US-Finanzsystems

700 Milliarden? Ha! Es sind 8500 Milliarden :eek


http://www.ftd.de/politik/internati...den/444083.html

.....Als Bernanke am 18. November vor der US-Finanzaufsicht auftrat, sagte er: "Wir sind gebeten worden mitzuteilen, welche Geschäftsbanken sich Geld bei uns leihen, wie viel sie sich leihen und welche Sicherheiten sie dafür angeben. Wir denken, dies zu veröffentlichen wäre kontraproduktiv." Von dieser Position rückt die Notenbank bislang nicht ab, auch nicht, nachdem Bloomberg eine Klage auf Herausgabe der Informationen einreichte......

.....Das Ergebnis der umfangreichen Recherche: Die tatsächlichen Risiken, die der amerikanische Staat bislang eingeht, übertreffen das im September verabschiedete, 700 Mrd. $ schwere Rettungspaket um mehr als das Zehnfache. Bei der Addition der Einzelposten kommt man auf 8500 Mrd. $, das ist mehr als die Hälfte des amerikanischen Inlandsprodukts. FTD-Online gibt den Überblick.

....vom Staat wird man nach Strich und Faden beschissen - trotzdem sollen wir die andere Backe auch hinhalten :rolleyes:dumm


.....hier ist es noch detailliert:
$3.9 Trillion Was a Drop in the Bucket

By Christopher Barker
November 26, 2008


I remember when $3.9 trillion sounded like a lot of money.

Just weeks after that unfathomable figure dropped my jaw to the ground as I added up the total cost of the financial crisis, I regret to inform you that the sum has promptly doubled. That's right: While the nation was mired in contentious debate over a measly $25 billion bailout for the likes of General Motors (NYSE: GM) and Ford (NYSE: F), my Foolish running tally grew by more than 188 times that amount!

Drawn from independent research and diverse published sources, the following table seeks to provide as precise an accounting of the crisis as the public record currently permits. By my calculations, the combined total of existing and announced outlays from the Federal Reserve and from U.S. government agencies that are directly attributable to the financial crisis has ballooned to more than $8 trillion......

I'm afraid to look …
Total:
$8,597,100,000,000


mit Details: http://www.fool.com/investing/inter...the-bucket.aspx

lunar 27.11.2008 12:49

Weitere UBS-Manager verzichten auf 22 Millionen

Aktualisiert um 11:33 Uhr ---> 9 Kommentare


An der Generalversammlung in Luzern meldete UBS-Präsident Kurer, er habe Zusagen für weitere Rückzahlungen von Boni. Er hofft auf noch mehr Gelder.

Video auf schwiizerdütsch ;) ---> Das sagen die Aktionäre der UBS.

Noch andere ehemalige UBS-Spitzenleute verzichten auf zugesicherte Löhne und Bonuszahlungen im Umfang von 22 Millionen Franken. Dies gab UBS-Verwaltungsratspräsident Peter Kurer heute an der ausserordentlichen Generalversammlung in Luzern bekannt. Die Summe der Verzichte und Rückzahlungen von Boni erhöht sich damit auf knapp 70 Millionen Franken.

Die Namen und die Zahl der weiteren Verzichtenden gab Kurer nicht bekannt. Die Fälle würden vertraulich behandelt. :rolleyes:confused:mad

http://www.tagesanzeiger.ch/wirtsch.../story/21407424

lunar 27.11.2008 12:55

Wird als Neustes angeboten......hmmmm - hat man so was nicht auch schon einmal gelesen :confused :rolleyes :gruebel


Mit Kapitalschutz :rolleyes in seitwärts tendierende Märkte investieren

Mit den In-the-Money Call Spreads von :bad Goldman Sachs :bad bietet sich dem Anleger die Möglichkeit, 100% :rolleyes kapitalgeschützt in Indizes zu investieren und in seitwärts tendierenden Märkten eine attraktive Rendite zu erzielen. Verändert sich der Stand des Index nicht oder steigt er an, erhält der Investor am Verfalltag die maximale Auszahlung in der Höhe des Cap Level. Selbst wenn der Index an diesem Tag leicht gesunken sein sollte, erhält der Investor eine vom Indexstand abhängige Rendite plus 100% des Nominals. Sollte der Index am Verfalltag stark gesunken sein (unterhalb des Lower Strike), ist das Kapital zu 100% des Nominals geschützt. Ein Beispiel zum Auszahlungsprofil finden Sie hier.

http://www.goldman-sachs.ch/default/default/default/

lunar 27.11.2008 13:33

1 Anhang/Anhänge
:rolleyes.

lunar 27.11.2008 17:35

Thu 27 Nov 2008

Follow The Yellow Brick Road

Posted by alyx under commodities



Telegraph this morning looks at the sound-money symbolism of the Wizard of Oz * with Greenspan as the wicked wizard and his apprentice Ben Bernanke (h/t Caroline B for the link and Mises Institute for the image):
The story would feature an apprentice printer called Bernanke. Encouraged by a wicked wizard, Greenspan, he toils at his printing press night and day producing reams of paper money. At first his monetary accommodation seems to bring unbridled prosperity. Boom follows boom, as the business cycle is seemingly abolished, house prices grow to the sky and his political stock rises. In time, the scarecrow is bought-off by crop subsidy; the tin man vacations in Vegas, having refinanced his mortgage for the 13th time. And the sorcerer’s apprentice is promoted to top wizard.

However, Greenspan, now in retirement, finally reveals his scheme has brought only “bogus riches”. The printing presses have created a “zero-sum game” where dollars lose their purchasing power against God’s brew of precious metals. The populace begins to save. Spending is reined in. Even the corporate sector suffers. With consumers no longer spending, there are no profits. Shares slump and the fiat kingdom collapses in anarchy.

In related news, Citigroup forecasts gold at $2000, nuclear unrest, European leaders toppled. We just gave them another $20+ billion, so you’d think they’d turn off the gloom and doom spout for a while, but I guess not. Maybe they’re gonna spend the entire capital injection on gold bars…:eek;)


* 'Encouraged by a wicked wizard, Greenspan, Bernanke toils at his printing press'

The past 30 years of economic history may have produced a daunting sequel to the original Wizard of Oz, written by Frank Baum.



By Hugh Hendry
Last Updated: 10:59AM GMT 27 Nov 2008

Comments 7 | Comment on this article


Follow the yellow brick road to get a picture of where we are


People blame this crisis on cheap money and greedy bankers. They certainly cannot be exempted. But I take a more fatalist point of view. There has to be a reason for humans to die off in their 70s and 80s. I believe it is so that the memory of a generation's mistakes is erased, allowing future ages to repeat the folly of greed and fear.....

lunar 27.11.2008 17:55

Thanksgiving in America

Darryl Robert Schoon
Posted Nov 26, 2008


Collectively and individually, we all learn through crises. But only after a crisis is over do we recognize the lessons learned and become thankful for the fundamental and needed changes such crises bring. When this crisis is over, we too will be thankful for its gifts. But this crisis is not yet over. It has only just begun.
Thanksgiving Menu 2008
appetizers
Mélange Of Frozen Markets
Tossed Assets With Government Guarantees
Frisée Of Foreclosures And Defaults

main dishes
Évaporation de Credit àla Cold Turkey
House Signature Dish
Seared Investors In Bottomless Pit With Caramelized Investments
Overheated Markets Without Oversight àla SEC
Braised Bankers Rump With Bailout Coulis
desserts
Sorbet Trio Of Shock, Disbelief And Insolvency
Off Balance Sheet flambé

Featured wine
Great Depression Grand Siècle 1933 méthode creditoise

THE LAST HAPPY CHRISTMAS
Last fall when the crisis caused by the August 2007 credit contraction began to gain momentum, its effects were initially confined to the financial sector. The lives of most individuals were still not affected by the spreading contagion of defaults emanating from investment banks in New York, London, Tokyo, Europe and elsewhere.

In America, Thanksgiving Day occurs in November and begins the autumn holiday season which ends with Christmas and the New Years festivities. At this time last year, the financial crisis had not yet affected America's holiday celebrations although I knew it would soon do so.

Last fall, I predicted that Christmas 2007 would be remembered as "the last happy Christmas". Today, the financial crisis has now reached the lives of those far removed from global financial centers and this holiday season will be unlike those previous. Next year, it will be worse.

THE FAST BOYS BURN THE SLOW BOYS

In today's credit/debt based economies, the flow of capital, sic debt and credit, between the fast boys, i.e. investment bankers - the packagers of credit, sic merchants of debt, and the slow boys, i.e. pension funds, insurance companies, investment funds, etc. needs to constantly grow.

As the quantity of debt-based money increases so too does the total amount of debt. This dynamic is heightened by the fact that debt is constantly compounding and the amount of debt is increased thereby almost exponentially.

As part of this process, the fast boys sell the slow boys debt-based "investments" on which the return is hoped to be in excess of inflation. Because the constant printing of debt-based money debases the value of previously issued "money", savers are forced to constantly re-bet their savings in a world where the fast boys, the investment bankers, have a systemic advantage.

Because of their proximity to the spigots of credit, the fast boys, the investment banks, are able to bet the money of others (the slow boys) in such a way that they (the fast boys) profit immensely. When their bets are good, the fast boys profit far more than the slow boys whose money they leveraged. However, when the bets go bad, the results are shared more equally.

In credit/debt based economies, the sale of "investment" debt is critical in the confidence game that fiat money has forced on society. If such investment debt is not retired, sold, or rolled forward, the confidence game comes to a halt; and, when the merry-go-round of debt slows sufficiently, the game is over.

CREDIT INTERRUPTUS AND LIBOR PAINS

This is where we are today. Between 2002 and 2006 when the fast boys sold billions of dollars of subprime AAA rated soon-to default CDOs to the slow boys, the slow boys realized the fast boys had burned them, leaving them, the slow boys, with enormous amounts of bad debt totaling hundreds of billions of dollars.

When this happened, not only did the trust between the slow boys and fast boys disappear, so too did the trust between the fast boys themselves. LIBOR, the London Interbank Offered Rate, moved quickly higher after August 2007 signifying that bankers no longer even trusted each other to repay their debts.

A BANKER'S TRUST AND A WOMAN'S HEART

Trust is critically important in financial markets because debt/credit based economies founded on fiat currencies are little more than floating crap games where it is only a matter of time (perhaps a long time) until a crisis occurs that alerts the participants that the value of their paper assets including money can suddenly and without warning disappear.

Bankers by nature are often distrustful and women generally are not; but, in this area, bankers and women have something in common. As many know, when a woman's trust is violated the loss of that trust is often irreparable and the same is true, ironically enough, with bankers.

This is now the main concern of central bankers, the ringmasters of the financial circus masquerading as capital markets. Since August 2007, because the slow boys increasingly have shunned the debt-based offering of the fast boys, capital markets have remained frozen - and capital markets, like bicycles, do not do well at slow speeds.

THE RINGMASTERS RESPONSE

Bloomberg News noted on November 24, 2008 that the US government has now pledged $7.76 billion of taxpayer money to the banks and capital markets in the hopes of once again moving the sale of debt in now frozen markets.

The central bankers are doing this hoping that the slow boys will again return and begin buying the debt-based investments of the fast boys. This hope may well be in vain because now the underlying economies themselves are in serious danger of collapse.

Buying debt when economies are collapsing is not a good bet and the slow boys know this better than anyone else. More taxpayer money will not move the slow boys to purchase debt in today's market. It will take their belief that debt is once again safe and profitable - and in collapsing markets that belief is highly unlikely.

THANKSGIVING IN AMERICA

This year, Thanksgiving in America will be different. The mood will be more serious and the thanks offered for what has been given and received will be more heartfelt; and those who previously warned about an economic collapse may be viewed more seriously by those gathered around the Thanksgiving table.

In early November in Canberra, Australia, participants heard Professor Antal E. Fekete and others discuss, among other topics, how much time remained before markets began their final descent into catastrophic collapse.

The professor said his view has now changed because of the speed and severity of recent events, that such a collapse will now occur sooner than he had previously expected, perhaps in two years.

Those who do not believe in such a collapse are also those who did not foresee the recent collapse of banks, hedge funds, money market funds and insurance companies or the collapse of global equity markets on a scale unseen since the Great Depression.

THE PENDULUM IS A WRECKING BALL

The world is rebalancing itself and financial markets are not the only institution that will be affected in the coming years. Change is a constant occurrence in the universe and is now in the process of speeding up considerably.

A fundamental rebalancing of universal polarities is now in progress. It will affect economies, nations, religions, societies and all institutions that reflect the current paradigm. A new paradigm is on the way. It will be better than the present one - and that is something to be thankful for.


full story: http://www.321gold.com/editorials/s...hoon112608.html

:supi

lunar 27.11.2008 18:39

November 27, 2008 -- Updated 1725 GMT (0125 HKT)

BREAKING NEWS

4 minutes ago

Blasts, gunfire as Mumbai battle rages

Violence gripping India's financial capital Mumbai enters its second night as authorities continue to battle with gunmen holding hostages. The death toll now stands at 125 in the attacks that India's PM says may be the work of terrorists from outside his country. full story


http://edition.cnn.com/

lunar 27.11.2008 19:49

Airbus bei Testflug in Frankreich abgestürzt

Unfall vor der Küste Frankreichs: Ein Flugzeug vom Typ Airbus A320 ist bei einem Übungsflug ins Mittelmeer gestürzt. An Bord der Maschine waren Behörden zufolge sieben Menschen. Armee und Katastrophenschutz haben Rettungskräfte an den Unglücksort geschickt. mehr...

:(

syracus 27.11.2008 21:23

Mumbai Attack Most Significant Since Sept. 11 Attack on U.S.

The terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards commandos have been rushed into the capital to help end the hostage situations at the Taj and Oberoi Trident hotels and the Nariman House. Reports from India indicate the commando assaults are underway. More than 200 hostages, many foreigners, are still held captive. The Indian Mujahideen have demanded the release of all jihadis currently in Indian jails to end the crisis.

While it is too early to know exactly how the Mumbai strikes were planned and executed, one thing seems clear: This attack is the most significant terrorist attack since the Sept. 11 attack against the United States.

The terrorists launched a sophisticated, multi-pronged attack into a city of 18 million residents. This requires planning, training, funding, and detailed reconnaissance. The targets were chosen carefully to achieve maximum effect. The terrorists hit hotels, a train station, a movie house, a residential complex, and a hospital--all soft targets. They also were able to plant bombs in taxis as well as capture a police van, which was then used in a drive-by shooting spree.

The assault teams--there is no other way to describe them--coordinated and synchronized their attacks to overwhelm Mumbai security. The terrorists were able to take a significant number of hostages. They knew where to find foreigners and wealthy Indians--at the five star hotels.

Past attacks in Indian cities and in other parts of the world may have had higher death tolls, but they failed to achieve the results of Mumbai. The city has been completely shut down for two days, while the Hindustan Times said the country is gripped by a "fear psychosis." India's government has long treated the terrorist problem as a secondary issue. This will change. The mode of attack--assault teams launched into the heart of a major city--is already sending chills down the spines of security officials and governments throughout the world.

http://www.weeklystandard.com/weblo...gnificant_1.asp

:rolleyes

lunar 28.11.2008 14:23

1 Anhang/Anhänge
November 28, 2008 -- Updated 1248 GMT (2048 HKT)

DEVELOPING STORY :(

Fighting rages at Mumbai hotel

Loud explosions and intermittent gunfire could be heard at Mumbai's Taj hotel, where police commandos are in a standoff with at least one gunman. Some people standing among journalists near the hotel were injured after the blast as the death toll from the crisis reached 146. Armed men are also believed to be holding hostages at a Jewish Center. full story

....erstaunlich dass die Börse heut höher war

lunar 28.11.2008 14:41

China slashes interest rates as panic spreads

The People's Bank of China cut interest rates by more than 1pc point as the economy crumbles and millions of jobs are predicted to go ahead of Christmas.

By Malcolm Moore in Shanghai
Last Updated: 12:48PM GMT 26 Nov 2008

The move came just one day after the World Bank predicted that China would grow by 7.5pc next year. The level of growth may appear robust by Western standards, but it would represent the slowest economic expansion in China for the last two decades.

It is also perilously close to the 7pc minimum level of growth that Chinese economists believe is necessary in order to create enough jobs for the 6m university graduates who will enter the jobs market next year.

It is the fourth interest rate cut from the Chinese central bank in the last ten weeks as the government desperately battles an evident economic collapse. "China is out to save itself here," said Patrick Bennett, an analyst with Societe Generale in Hong Kong......

......"All my colleagues were shocked by such a big easing. It signals the government may believe the economic situation is really serious for it to call for such a drastic move," said Liu Dongliang, a currency analyst at China Merchants Bank in Shenzhen.......

full story: http://www.telegraph.co.uk/news/wor...ic-spreads.html

lunar 28.11.2008 19:09

1 Anhang/Anhänge
...auf ein hoffentlich friedlicheres Wochende :)

syracus 29.11.2008 09:19

Mumbai attacks: Taj Mahal siege ends as total death toll rises to 195

By Andrew Alderson, Chief Reporter
Last Updated: 7:45AM GMT 29 Nov 2008

At least two more terrorists were killed in the final stages of a battle with Indian commandos, following attacks throughout Mumbai (Bombay).

The official death toll rose significantly today to 195, from 155 yesterday. At least 295 others have been injured in the assault on India's economic capital.

The hotel siege was brought to a close today as security and political sources in the UK tried to play down suggestions that up to seven of the terrorists had strong British links, and that some of them were British-born men of Pakistani origin.

Sources in India are reported to have indicated that some of the men came from the north of England, including from Leeds, Hartlepool and Bradford.

However, a spokesman for the Foreign Office in London said: "We have spoken to Indian authorities at a high level and they have said that there is no evidence that any of the terrorists either captured or dead are British."

Gordon Brown also played down such a link after speaking to Manmohan Singh, the Indian Prime Minister. "At no point has the Prime Minister of India suggested to me that there is evidence at this stage of any terrorist of British origins, but obviously these are huge investigations that are being done and I think it will be premature to draw any conclusions at all," said Mr Brown.

"We remain steadfast and firm, standing with India and all other countries against any form of terrorist activity, and we will be vigilant in both helping the Indian authorities and in making sure that in every part of the world we support those who are fighting terrorism."

Mr Brown said his thoughts were with those who had died, including British yachting tycoon Andreas Liveras. Mr Liveras, the 73-year-old Cypriot-born founder of a luxury yacht business, was pronounced dead on arrival at St George's Hospital in the city.

A team of detectives from Scotland Yard is flying to Mumbai to help Indian authorities with the investigation. Officers are also meeting Britons returning on flights to London's Heathrow Airport and handing out leaflets appealing for information.

More of those Britons caught up in the terror attack were due to fly home to London today.

Some in the Indian government have suggested that the attack could have be planned or launched from Pakistan. Pranab Mukherjee, the Indian External Affairs Minister, said: "According to preliminary information, some elements in Pakistan are responsible for Mumbai terror attacks."

Pakistan has backtracked on a decision to send the chief of its spy agency to India to help with the Mumbai attack investigation, in a move likely to revive questions about who is in charge of the shadowy agency. The Prime Minister's office in Islamabad said today that a representative of its Inter-Services Intelligence (ISI) agency would now go to India instead of its director general.

http://www.telegraph.co.uk/news/wor...mbay-India.html

:(

lunar 29.11.2008 10:31

Gunman's deadly smile 4:52Victim says a gunman in the Taj Mahal hotel had a "smile on his face as he started to spray the bullets."
:( Video ---> http://edition.cnn.com/video/#/vide...taj.witness.cnn




TAJ- MAHAL- HOTEL EROBERT

Sicherheitskräfte haben Lage in Mumbai unter Kontrolle

Heftige Explosionen und Schießereien auch am Samstagmorgen - dann hatten indische Sicherheitskräfte das schwer beschädigte Luxushotel Taj Mahal zurückerobert. Damit ist die brutale Terrorattacke in Mumbai nach fast drei Tagen beendet. Fast 200 Menschen starben bei den Angriffen - darunter mindestens drei Deutsche. mehr... [ Video | Forum ]



.....und jetzt wieder überall Leid, Misstrauen, Angst, Kontrollen, Verdächtigungen, falsche Anschuldigungen...... :(

lunar 29.11.2008 10:52

Cat Stevens - Peace Train (live)



lunar 29.11.2008 12:50

The Wages of Irrational Greed :mad


The actual costs of several of the items can be debated, especially in the case of warfare and its soft and collateral costs. Joe Stiglitz has estimated the cost of the total Iraq war to three trillion dollars when all the expenses are considered.

One can quibble with the details, and even make the case that any expenditures financed by debt are of equal economic value, that there is no difference between pure consumption and greed, and productive investment in infrastructure. That there exists no good or evil and that justice has no penalty or value.

But one has to ask what could have been accomplished, what great achievements could we have endowed to posterity, if we had only restrained the greed of Wall Street and the corruption of the world's economy through the US dollar as its reserve currency which permitted the almost unrestrained creation of debt by a succession of narcissists and sociopaths?

If this chart is not shocking, does not sicken you at heart, repulse you, fill you with righteous anger, make you feel ashamed, then you may be emotionally a child, or perhaps no longer human.





Posted by Jesse at 11:23 AM :verbeug

lunar 29.11.2008 13:07

ppl v. ppl fighting 4 a xbox 360 during black friday. :bad :dumm



lunar 30.11.2008 12:50

1 Anhang/Anhänge
1. Advent

lunar 30.11.2008 18:17

30 November 2008

Citigroup Memo Points to Gold as a Safe Haven


"Gold has tripled in value over the last seven years, vastly outperforming Wall Street and European bourses."
This is perhaps the gem in this article, the reminder that gold has proven to be one of the best stores of value through the turmoil of the turn of the century. People tend to lose sight of this, being preoccupied with the short term up and down of markets.

And it is most probable that it will continue to be an excellent store of value, a safe haven for wealth, over the next twenty to years, as it has been over the past twenty or more centuries.

Why? Because although governments may seek to control it, prohibit it, monopolize it, they cannot create it, or prevent it from being valued by independent minds as genuine wealth.

Posted by Jesse at 11:08 AM :verbeug

lunar 01.12.2008 08:55

...sehr guter Artikel - kann man leider nicht c/p

US Treasuries reaches break out point

November 25, 2008

...The problem: the settlement system for the US government bond market has broken down....

http://www.euromoney.com/Article/20...king-point.html

lunar 01.12.2008 09:17

Sichelmond bedeckt Venus am 1. Dezember


Der hellste Planet Venus wird am Abend des 1. Dezembers vom zunehmenden Mond bedeckt. Während der nautischen Dämmerung verschwindet die mehr als halb beleuchtete Venus hinter dem dunklen, aber vom Erdlicht erhellten Mondrand. 80 Minuten später taucht Venus langsam wieder an der hellen Mondseite auf. Später geht das auffällige Trio bestehend aus Mondsichel, Venus und Jupiter unter.

tba. Die Sonne geht am 1. Dezember 2008 in Zürich um 16:37 Uhr MEZ unter. Die Abenddämmerung dauert an diesem Wintertag nur knapp zwei Stunden. Über dem Südsüdwesthorizont leuchtet gegen 16:45 Uhr MEZ 16° hoch die dreieinhalb Tage junge Mondsichel, nur knappe 6 Bogenminuten östlich von ihr strahlt brillant hell (-4.1 mag) Venus und 2° über dem Duo funkelt der -2 mag helle Jupiter! Auch der Laie dürfte beim Blick durch das Fernglas bemerken, dass der Venus in der Rolle des "Abendsterns" bald das Licht ausgehen wird, respektive, sich der Mond mit dem dunklen, schwach im Erdlicht schimmernden Teil voran, vor die Venus schieben wird. Immer näher rückt der Mondrand an den funkelnden "Abendstern" heran und ab 17:04.7 Uhr MEZ wird das Leuchten von Venus auch freisichtig immer schwächer, um pünktlich um 17:05.4 Uhr MEZ ganz auszugehen. So lange braucht der Mond, um die zu Dreivierteln beleuchtete Venus an der Mondkante verschwinden zu lassen. Der Himmel ist schon dunkler; die bürgerliche Dämmerung geht langsam zu Ende. Gegen 17:45 Uhr MEZ ist die Mitte der Venusbedeckung erreicht.

Austritt bei dunkler Nacht
Spannend wird es kurz vor 18:25 Uhr MEZ........
Weiterführende Links



ganzer Artikel: http://news.astronomie.info/ai.php/200811055

...leider bewölkt heute :( wegen © nur ein Teil des Artikels.....

lunar 01.12.2008 09:40

Sat 29 Nov 2008

Rubinesque

Posted by alyx under all ur bankz
[4] Comments
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Proof that denial is not just a river in Africa:
Under fire for his role in the near-collapse of Citigroup Inc., Robert Rubin said its problems were due to the buckling financial system, not its own mistakes :rolleyes and that his role was peripheral to the bank’s main operations even though he was one of its highest-paid officials.

“Nobody was prepared for this,” Mr. Rubin said in an interview. He cited former Federal Reserve Chairman Alan Greenspan as another example of someone whose reputation has been unfairly damaged by the crisis.

Got that? Neither Robert Rubin nor Alan Greenspan had anything to do with where we are today. Bob said it so it must be true. Carry on.

(h/t Chris @ thosedamnbankers)

lunar 01.12.2008 12:35

RT Guest November 27, 2008, 9:36 Ron Paul

Behind the scenes at the G20 summit in Washington, world leaders discussed not only future financial regulations, but also the possibility of an international central bank, according U.S. congressman Ron Paul.

Click the VIDEO button to watch the interview.

http://www.russiatoday.com/guests/detail/1833

:rolleyes

lunar 01.12.2008 14:33

Märkte und Meinungen
Wenn Anlagefonds Wertschriften ausleihen

Märkte und Meinungen

Securities Lending – das Ausleihen von Wertschriften gegen eine Gebühr – ist ein riskanteres Geschäft als auch schon geworden. Noch in guter Erinnerung ist der Fall der britischen Beteiligungsgesellschaft Olivant, die einen grossen Teil ihrer UBS-Aktien an Lehman Brothers ausgeliehen hatte und diese seit dem Konkurs der Investmentbank nicht mehr auffinden kann. Vielen Anlegern ist kaum bewusst, dass auch Anlagefonds einen beträchtlichen Teil ihres Wertschriftenbestandes ausleihen und dafür Gebühren erhalten. Zwar sind diese Ausleihungen per Gesetz viel stärker reguliert als im Fall Olivant: Beispielsweise muss die Gegenpartei umfangreiche Sicherheiten stellen, die hohen Bonitätskriterien genügen müssen. Doch auch Bonitäts-Ratings haben im Zuge der Finanzkrise viel an Verlässlichkeit verloren, und manch ein Anleger fragt sich nun, ob das Securities Lending den Anlagefonds Verluste bescheren könnte.


Pikant ist, dass einige Fondsanbieter das Securities Lending seit kurzem eingestellt haben. So verzichten etwa Vontobel und die Raiffeisen-Gruppe bis auf Weiteres auf die Ausleihung von Wertschriften bei ihren Anlagefonds. Bei Vontobel heisst es dazu, dass man das Verlustrisiko derzeit für zu gross halte – vor allem angesichts der Tatsache, dass die Einnahmen aus dem Securities Lending den Anlagefonds meist nur eine geringe Zusatzrendite von wenigen Basispunkten brächten. Andere Anbieter, etwa der Branchenführer UBS, sehen die Lage anders und führen die Wertschriften-Ausleihungen fort. Das Risiko von Ausfällen schätzt man dort als gering ein, weil die strikten Schweizer Vorschriften für genügend Sicherheit sorgten......

ganzer Artikel: http://www.nzz.ch/nachrichten/wirts..._1.1335090.html

....ausgerechnet die UBS welche ja die Lage immer so gut beurteilen konnte :rolleyes:mad

lunar 01.12.2008 14:36

...das ist :supi und nicht scary :o

Grounding der Offroader

Bis vor kurzem boomte der Verkauf schwerer Geländewagen – jetzt sind sie nur noch Ladenhüter......


ganzer Artikel: http://www.sonntagszeitung.ch/wirtschaft/

lunar 01.12.2008 14:41

«Wir lebten in einer Frivolitätsepoche»

Ein Gespräch mit dem Philosophen Peter Sloterdijk über die Finanzmarktkrise


Die gegenwärtige Finanzkrise hält die Welt in Atem. Peter Sloterdijk hat eine philosophisch-literarische Theorie der Globalisierung vorgelegt. Im Gespräch mit Paul Jandl denkt er über riesenhafte Pseudovermögen, Panikökonomie und die neue Stärke des Staates nach.


Herr Sloterdijk, Ihr Buch «Im Weltinnenraum des Kapitals» beschreibt die Entstehung der globalen Ökonomie im Zeichen der Seefahrt. Ist, was wir gegenwärtig erleben, ein gigantischer Schiffbruch?
Peter Sloterdijk: In den frühen Jahrhunderten der Globalisierung war der Schiffbruch der Inbegriff von Kapitalvernichtung. Man schickte Schiffe auf den Ozean, von denen man wusste, dass sie unter einem enormen Havarierisiko segeln. Bis heute lässt sich die Denkfigur des «return on investment» auch nautisch darstellen. Ihr liegt die Vorstellung zugrunde, dass die entsandten Schiffe mit reichen Schätzen beladen zurückkehren: Das Geld läuft um die Erde und kommt vermehrt wieder an seinem Ausgangspunkt an. Darum steht der klassische Unternehmer am Hafen und schaut in den Risikoraum hinaus. Der grosse Profit hängt am schwimmenden Kapital. Aber zugleich mit der Bejahung des Risikos wurde die Vorsicht die Unternehmertugend par excellence. Von der war im letzten Jahrzehnt wenig zu spüren......


......Die Rolle Obamas

Es gibt altmodische Begriffe, die jetzt zu neuen Ehren kommen. «Gemeinwohl» wäre so ein Wort.
Das englische Wort «commonwealth» und das deutsche «Gemeinwohl» drücken die moralische Intuition aus, dass es Formen von Wohlergehen gibt, die man nur gemeinsam erlangt. Beide Wörter spielen auf eine immunsystemische Bedeutung des Sozialen an, in ihnen klingt der Zusammenhang zwischen Gesundheit, Wohlstand und Gemeinsamkeit mit. Leider sind in der Ära des eingeschüchterten Staats und der blühenden individualistischen Illusion Politiker selten, die hieran mit Autorität erinnern könnten.

Wie sehen Sie die Rolle Barack Obamas, des neuen amerikanischen Präsidenten?
Der britische Journalist James Forsyth hat die Sache auf den Punkt gebracht: «Barack Obama hat die Welt verändert, einfach indem er gewählt wurde.» Der Obama-Effekt war bisher ein rein performatives Phänomen. Der psychologische Bonus, der ihn ins Amt mitgebracht hat, wird sich abschwächen, sobald die Arbeit begonnen hat. Er steht vor einem Gebirge von Problemen, und ob er so ein guter Kletterer ist, wie man hofft, lässt sich schwer vorhersagen. Doch anders als sein Vorgänger, bei dem man von vornherein wusste, er werde mehr Probleme schaffen als lösen, hat Obama Kredit als Problemlöser........


ganzer Artikel: http://www.nzz.ch/nachrichten/kultu..._1.1326434.html

lunar 01.12.2008 18:11

Armageddon Trade: Credit Default Risk Premiums on 10 Year Treasuries Hit Record


US Treasury 10-yr CDS hits record high
By Emelia Sithole-Matarise
Dec 1, 2008 6:19am EST

LONDON (Reuters) - The spread or risk premium on 10-year U.S. Treasury credit default swaps hit a record high on Monday, extending a recent trend as market participants continued to fret about the scale of the government's financial rescue programmes.

Ten-year U.S. Treasury CDS widened to 68.4 basis points from Friday's close of 60 basis points, according to credit data company CMA DataVision.

Five-year Treasury CDS widened to 52.5 basis points from 46 basis points at Friday's close, it said.




Posted by Jesse at 9:49 AM :verbeug

lunar 01.12.2008 20:47

Credit - Card Industry May Cut $2 Trillion Lines: Analyst

By REUTERS
Published: December 1, 2008
Filed at 12:38 p.m. ET

(Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.

The credit card is the second key source of consumer liquidity, the first being jobs, the Oppenheimer & Co analyst noted.

"In other words, we expect available consumer liquidity in the form of credit-card lines to decline by 45 percent."


Bank of America Corp <BAC.N>, Citigroup Inc <C.N> and JPMorgan Chase & Co <JPM.N> represent over half of the estimated U.S. card outstandings as of September 30, and each company has discussed reducing card exposure or slowing growth, Whitney said.

Closing millions of accounts, cutting credit lines and raising interest rates are just some of the moves credit card issuers are using to try to inoculate themselves from a tsunami of expected consumer defaults.

A consolidated U.S. lending market that is pulling back on credit is also posing a risk to the overall consumer liquidity, Whitney said.....

........SUGGESTIONSIn a column in the Financial Times, Whitney suggested four adoptable changes to make a difference......


full story: http://www.nytimes.com/reuters/busi...eimer.html?_r=4

....hört wohl nie auf mit den Hiobsbotschaften :rolleyes

lunar 01.12.2008 21:40

...sobald Herr Paulson rumstottert sausen die Kurse in die Tiefe :gomad

Dow Jones Industrial Average

(DJI: ^DJI)
Index Value:8,291.26Trade Time:3:37PM ETChange: 537.78 (6.09%)


Bernanke says Fed has more arrows in quiver :rolleyes
1:46 PM ET, Dec 01, 2008

....ob es sich um Bumerangs handelt :confused

grossartig wie der :bad Paulson das schafft ---> 616.39 (6.98%)

er sollte Redeverbot erhalten :rolleyes am besten :reiter

lunar 01.12.2008 22:08



Dow 4:04PM ET 8,149.09 - 679.95 - 7.70%

lunar 01.12.2008 22:30

01 December 2008

Its Official: National Bureau of Economic Research Says US Recession


Recession in U.S. Started in December 2007, NBER Says
By Timothy R. Homan and Steve Matthews

Dec. 1 (Bloomberg) -- The U.S. economy entered a recession in December 2007, the panel that dates American business cycles said today.

The declaration was made by the National Bureau of Economic Research, a private, nonprofit group of economists based in Cambridge, Massachusetts. The last time the U.S. was in a recession was from March through November 2001, according to NBER.




We feel vindicated in our prediction of this in February of this year.

Here is the chart we used at the time to mark the top, and to forecast the coming decline.



Here is a chart with the monthly actuals added to it. The decline has progressed more quickly than anticipated.



If you start reading the blog entries in 2007, one can see how the case for recession was carefully built up based on the indicators, and the probability steadily increased from an estimate of 65% in early December.

Although fundamentals don't work in the short term, in the longer term the markets work, and the fundamentals count, probabilities pay off, and there is a reversion to the means. The trick in trading is not to be trapped by leverage, timeframes and capital risk.

Once again a special thanks to our friend Elvis_Knows for his excellent graphics.

Posted by Jesse at 12:06 PM :verbeug


Coming To A Town Near You

December 1st, 2008 and not too long in the distant future at this rate.



Oh yeah, seen today where someone is now fessing up to the US being in a recession since Dec 07. Figure by this time next year, they will announce there is a depression. Glad thier opinion is free…would hate to know I paid even fiat dollars for such uptodate and timely advice.

lunar 01.12.2008 22:48

We need some serious laughter

-> Posted by Truth @ 14:43 pm on December 1, 2008
check this out

http://www.metacafe.com/watch/20773...house_hilarious




:supi steckt Paulson da rein :cool

lunar 02.12.2008 08:54

Schwarzenegger declares fiscal emergency


Rau and Patrick McGreevy
December 2, 2008
Reporting from Sacramento -- Gov. Arnold Schwarzenegger ordered the new Legislature in to work on its first day, declaring a fiscal emergency Monday in response to the state's deteriorating finances and urging lawmakers to "get off of their rigid ideologies."......

.......Schwarzenegger said immediate action is essential because although the state projects a $28-billion deficit by mid-2010, California is on track to run out of cash by February or March. He said that if lawmakers fail to act within 45 days as required under his declaration of a fiscal emergency, they will have to find an additional $1.5 billion to $2 billion in savings or new revenue above what is needed right now. He said the administration is already drawing up plans to lay off state workers........

......Schwarzenegger implied that legislators were resisting his compromises out of fear. He told reporters that in his attempts to end the impasse, "I even proposed to them that they should pass a law to give me all the power for one hour, I'd make all the decisions so that they don't have to be blamed for anything."

Lawmakers turned him down, he said.

Schwarzenegger had to declare the fiscal emergency in Los Angeles instead of in Sacramento as planned because the fog in the capital was too dense to allow planes to land.

He quickly departed for Philadelphia, where most of the governors will meet today with President-elect Obama. In a tacit rebuke to Democrats such as Bass who have emphasized seeking federal aid to help the state out of its financial plight, Schwarzenegger told reporters: "The federal government shouldn't give us a penny until we straighten out our mess and we can live within our means."

Rau and McGreevy are Times staff writers.

jordan.rau@latimes.com

patrick.mcgreevy - @latimes.com

full story: http://www.latimes.com/news/local/l...,0,280439.story

:schwitz ....da wo die Reichen und Schönen wohnen :rolleyes


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