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JakilaTheHun (99.94)

The Biggest Hunnish News Invasion Yet!

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January 08, 2010 – Comments (10)

Some days, I find little of interest in the media.  Other days, I find a lot.  Normally Friday is a slow day, but I actually have the MOTHER LOAD for today.  Lots of interesting stuff going on:

 

--- FINANCE AND ECONOMICS ---

 

FDIC Nibbling Nicely at Bank Risk

Link - Seeking Alpha

Article about new measures by the FDIC.  We hear a lot of negative criticism directed towards Geithner and Bernanke; some of it fair and some of it not.  But I think the ignored story is Sheila Bair, who has done an outstanding job at FDIC.  

 

Bill Gross on Treasuries, Interest Rates, Public Debt, and the Macro Picture

Link - Seeking Alpha

Questioning Bill Gross's Go-to-Germany Strategy

Link - Seeking Alpha

I don't always agree with Bill Gross, but I enjoy reading his take on things.  I do believe that US treasuries are a terrible bet right now.  Even ignoring the debt issue, rising interest rates do not bode well for bonds.  The time to buy treasuries is when we have double-digit inflation and the Feds raise rates to 10%+.  

The second article questions Gross's Germany strategy on the basis of a weakening Euro.  It's not a long article, but it does pose an interesting question and the commentary is pretty good. 

 

Steel:  China vs. the US

Link - Seeking Alpha

Article on the battle between China and US over steel.  China has been subsidizing the steel industry, which has become a major source of friction.  This is yet another reason why I think the US needs to re-examine its relationship with China and take actions that will force China to stop using mercantilistic policies that destroy jobs here in the US.  

 

Eurozone Unemployment Figures

Link - ABC News

Spain has a whopping 19% unemployment rate!  That is a Great Depression-like number!  Not sure precisely if that figure low-balls things (as it does in the US) or if that's about accurate.  Amazingly, the Netherlands' unemployment rate is under 4%.   Overall Eurozone has tipped the 10% unemployment mark.  This might suggest that things are better in the Eurozone employment wise than the states; but again, I'm not precisely sure how their definitions differ from the US's.  

 

George Soros and Super Bubbles

Link - Seeking Alpha

Article by Wade Slome summarizing George Soros' views on "Super Bubbles" and potential solutions.  Soros is vastly more insightful than most on policy issues, but I do the statement that a tech bubble could've been prevented by limited the number of tech IPOs perplexing.  I don't think that would have been an appropriate solution and I'm not sure how it would have stopped the problem.  Soros is more insightful when it comes to banking.  

 

Argentina Sacks Central Bank Chief

Link - Al Jazeera

Apparently, the Central Bank Chief took a principled stand against taking orders from the Argentine executive to pay down debt with Argentina's foreign currency reserves.  Critics believe the move was meant to signal an irresponsible increase in spending.  


Britain Calls for Iceland Repayment

Link - Al Jazeera

No thoughts on this one.  Just keeping an eye on it. 

 

 

--- MIDDLE EAST ---

 

Gun Attack on Iranian Opposition Politician

Link - Al Jazeera

No secret that things are getting bad in Iran.  

 

Defiant Yemen Tells US Soldiers to Keep Out

Link - The Independent (UK)

Tricky situation in Yemen.  I don't know if we're taking the right approach to any of this.  Bush II obviously forced us down a certain path, but it's a difficult path to navigate and we would've been better off going on a different one.  I still wonder if it's better for us just to "pull out" of the Middle East entirely or are we basically forced to fight now or endanger ourselves as a result of Bush's actions?

 

 

--- BUSINESS ---

 

Go Ahead Given for Offshore Wind Farms in UK

Link - BBC

No comment on this one.  

 

Is 3D an Industry Savior

Link - BBC

Personally, I don't understand the appeal of 3D television.  Then again, I generally despise TV, so my opinion doesn't matter much.  Still, it's an interesting story.  

 

Wal-Mart and H&M Trash Unsold Clothing

Link - Yahoo

This is a pretty despicable and wasteful practice.  I hope more light is shinned on this issue and more public pressure mounts to end this practice.  If they have unsold clothing and they don't want people to take them for free in their dumpsters, they should donate them to the appropriate charities.  No excuse for destroying these goods.  

 

GM Winding Down Saab Operations 

Link -  BBC

No comment here.

 

--- POLICY ---

 

UK Parliamentary Report Says Food Industry Too Secretive on Nanotechnology

Link -  BBC

I completely agree with this Parliamentary report.  The food industry is taking the wrong approach here.  Instead of being secretive, they need to be very open from the start and try to educate the public on how nanotechnology will improve food quality.  They took the wrong approach with GMOs and now there's a huge backlash (largely based on ignorance in my personal opinion).  

 

France's Proposed 'Google' Tax

Link - BBC

I generally like Nikolas Sarkozy, but his policies towards tech seem a bit counterproductive.  It's almost as if he fears that tech could play an increasing role in commerce.  I believe this is for the good.  While the so-called 'Google tax' isn't really meant to hinder tech, it does seem to be part of a broader misguided push by Sarkozy.  I don't find the idea very practical or useful; there are better ways to raise revenue if you really need it. 

 

--- POLITICAL ---

 

Geithner Must Go

Link - Huffington Post

I've been very critical of Geithner from the start.  I did give him a chance in his first months, but all I saw were actions that exposed his corporate allegiances.  Geithner is corrupt and incompetent and I want him out, too, but unfortunately, it's not going to do any good, because any potential replacement will probably be just as bad.  

 

Lieberman's Approval Ratings Tank

Link - Huffington Post

Huffington Post is vastly better than much of the media, but I think the media constantly tries to oversimplify politics and use silly labels to explain everything.  Forget about all the "liberal", "conservative", and "centrist" garbage --- Joe Lieberman is a corrupt scoundrel.  He always has and always will be. He serves the interests of his corporate clients and manipulates the media to win favor.  He's a master at it, but it does not serve the interests of Connecticut or the US.

 

--- OTHER ---

 

Life in the Extreme Cold

Link -  BBC

I found this article very fascinating.  It examines life in some of the coldest inhabited places on Earth, including Siberia, northern Scandanavian, and some parts of the US.  (Strange that Northern Canada got neglected.)  Overall, a great read --- but I don't understand how people can stand living in places with temperaturs below -40 C!

 

That's all for today.  Have a good weekend you crazy Fools! 

10 Comments – Post Your Own

#1) On January 08, 2010 at 2:34 PM, FreeMortal (29.62) wrote:

I've come to really enjoy these.  Thanks

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#2) On January 08, 2010 at 2:47 PM, portefeuille8 (< 20) wrote:

even though the German fiscal situation looks fantastic

what a joke. no sane german would say something like that. not even drunk or in his sleep.

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#3) On January 08, 2010 at 3:56 PM, russiangambit (29.45) wrote:

> I found this article very fascinating.  It examines life in some of the coldest inhabited places on Earth, including Siberia, northern Scandanavian, and some parts of the US.  (Strange that Northern Canada got neglected.)  Overall, a great read --- but I don't understand how people can stand living in places with temperaturs below -40 C!

They put fish oil on their skin and wear fur boots. It is fun for a couple of minutes.

> I've been very critical of Geithner from the start.  I did give him a chance in his first months, but all I saw were actions that exposed his corporate allegiances.  Geithner is corrupt and incompetent and I want him out, too, but unfortunately, it's not going to do any good, because any potential replacement will probably be just as bad.  

Noone will argue with that. I was actually surprised  Obama supported him even after the Turbo tax stuff came out. There were ebough choices  at least no worse than Geitner.

I also don't like former NY FED guy being in charge or Treasury, why do we have separate FED and Treasury then? There should be some law not to allow the intermarriage. 

> This is a pretty despicable and wasteful practice.  I hope more light is shinned on this issue and more public pressure mounts to end this practice.  If they have unsold clothing and they don't want people to take them for free in their dumpsters, they should donate them to the appropriate charities.  No excuse for destroying these goods.  

I had no idea  this still happens. I don't like restaurants trashing food but food is not easy to donate. When it comes to clothes, there is no excuse.

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#4) On January 08, 2010 at 3:58 PM, russiangambit (29.45) wrote:

> They put fish oil on their skin and wear fur boots. It is fun for a couple of minutes.

I lived too long in the US, and I completely forgot the magical power of vodka. It works for about 30 min, the trick is not drink so much that you don't feel nothing at all.This is a big problem in Russia in the winter, drunk people fall asleep outside and freeze to death.

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#5) On January 08, 2010 at 10:42 PM, Tastylunch (29.52) wrote:

RE: wal-mart

As much as I may dilsike them (they compete with me)

I do have to think that must be an individual store issue not a company one. The are fanatical about not wasting things.

There's no way they'd let a tax writeoff or good pr go sit in the trash.

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#6) On January 09, 2010 at 1:42 AM, Option1307 (29.97) wrote:

Thanks again, some great finds here today!

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#7) On January 11, 2010 at 4:02 PM, lucas1985 (< 20) wrote:

Since I'm Argentine I can offer some insights on the central bank issue if anyone is interested.

@JakilaTheHun,
"Huffington Post is vastly better than much of the media"
Not in the case of medical news and medical advice. In medicine, the HuffPo is often a hotbed for quacks and pseudoscience.

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#8) On January 11, 2010 at 4:43 PM, Tastylunch (29.52) wrote:

lucas1985

I'm game. Argentina is very interesting to me.

That mess from 1999 ish is sad stuff.

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#9) On February 05, 2010 at 12:36 PM, expatriot08 (29.01) wrote:

Hun, thanks for taking the time to put this together. 

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#10) On February 05, 2010 at 1:16 PM, Starfirenv (< 20) wrote:

Ron Paul on Yemen. Also, an excellent site for investers.
Thanks Hun. +1 rec

http://www.24hgold.com/english/news-gold-silver-us-out-of-yemen.aspx?article=2643993288G10020&redirect=false&contributor=Ron+Paul

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