Archive for October 13th, 2010

By: J M Finegold Catalan Market Oracle Oct 13, 2010 Rising healthcare costs and continuing recession-related fiscal problems have impelled numerous world governments to introduce a “fat tax.” Support for a similar policy is growing in the United States, which according to leading intellectuals suffers from a collective “weight problem.” Fast-rising weights and a... »

By: Washingtons_Blog Market Oracle Oct 13, 2010 A “false front” building from the Old West. Towns built false fronts to make the town look more substantial and prosperous than it really was. The tidal wave of evidence showing that the giant banks have engaged in fraudulent foreclosure practices is so large that the attorneys... »

by Colin Barr Fortune.com The United States has lost its gold-plated triple-A rating — in the eyes of credit traders, at least. U.S. sovereign debt was the third-worst performer in a closely watched derivatives market during the third quarter, CMA said Tuesday in its quarterly review of global sovereign credit risk. The Rest…HERE Share... »

A depression may have been averted, but nothing has been fixed. This is the depressingly downbeat message that came across loud and clear from last weekend’s annual meeting of the International Monetary Fund. By Jeremy Warner TelegraphUK The destructive trade and capital imbalances of the pre-crisis era are back, banking reform appears stuck in... »

Bad weather, growing demand and flat corn harvest yields all add up to one thing: That steak is going to cost you By Andrew Leonard Salon.com The 2010 U.S. corn harvest will be the third largest in history, behind only 2007 and 2009. But that’s not big enough. When the United States Department of... »

by Tyler Durden ZeroHedge.com 10/13/2010 This is just surreal: the Associated Press has put together a must read profile of all the people who the mortgage servicing industry has been scrambling to get together since 2007. The outcome, and stereotypes, are stunning: “In an effort to rush through thousands of home foreclosures since 2007,... »

by Phoenix Capital Research ZeroHedge.com 10/13/2010 As the mortgage foreclosure scandal spreads like wild-fire it is now clear that the alleged housing boom which made us all rich was in fact backed by nothing but loose monetary policy, systemic fraud, and rampant corruption. Indeed, it now appears that banks were not only signing foreclosure... »

Joe Weisenthal BusinessInsider.com Oct. 13, 2010 The National Association Attorneys General announced that 49 state AGs are joining together to launch a foreclosure-gate investigation. We don’t have a national moratorium on foreclosures in this country, but for all intents and purposes it feels like there is one right now. Meanwhile, Diana Olick’s piece on... »

TheIntelHub.com October 13, 2010 Editors Note: As the big banks continue their push to control our food supply, occurrences like this will become more and more common. People who stand up to the FDA and their Monsanto thugs are basically considered terrorists. Without Food Freedom we have no freedom! Our health should not be... »

Gregory White BusinessInsider.com Oct. 13, 2010 Stephen Roach of Morgan Stanley spoke to CNBC this week about quantitative easing (via Pragmatic Capitalist). 0:25 Global imbalances are a shared responsibility, this cannot be blamed on just China or the U.S. 0:45 The currency fix won’t work, the U.S. is caught up in political problems driving... »