gavster

goodness. they sure were.

THOMAS KOSTIGEN'S ETHICS MONITOR The $700 trillion elephant Commentary: Gargantuan derivatives market weighs on all other issues By Thomas Kostigen, MarketWatch Last update: 12:01 a.m. EST March 6, 2009Comments: 355SANTA MONICA, Calif. (MarketWatch) -- There's a $700 trillion elephant in the room and it's time we found out how much it really weighs on the economy. Derivative contracts total about three-quarters of a quadrillion dollars in "notional" amounts, according to the Bank for International Settlements. These contracts are tallied in notional values because no one really can say how much they are worth. http://www.marketwatch.com/news/story/The-700-trillion-elephant-room/story.aspx?guid={024DB809-8506-4AA9-83BB-B053FD4E1C11}

Is the Future Going Down the Drain? Baby Boomers Going Bust By Alexander Zaitchik, AlterNet. Posted March 6, 2009. Millions of boomers born into the dawn of the largest economic expansion in history are being forced to re-imagine their retirement futures. http://www.alternet.org/workplace/130361/is_the_future_going_down_the_drain_baby_boomers_going_bust/?page=1

That is excellent news! Thanks w.28th!

Government Sets Us Up for the Next Bust By John Stossel • March 2009 If an athlete injures himself and suffers great pain, we recognize the shortsightedness of giving him painkillers to keep him going. The pain might be masked, but at the risk of greater injury later. That’s a good analogy for the inflationary policies now pursued by Washington. These policies may temporarily “stimulate the economy,” but they also disguise and aggravate the underlying problems. We will all pay a serious price. Policy makers have thrown caution to the wind. Twelve-digit dollar figures are tossed about casually. Late last year, after then-Treasury Secretary Henry Paulson changed course—yet again—and announced that the Federal Reserve would commit $800 billion more in “new loans and debt purchases,” the New York Times reported, “Fed and Treasury officials made it clear that the sky was the limit.” ... http://www.thefreemanonline.org/columns/give-me-a-break/government-sets-us-up-for-the-next-bust/

BPA Found In Pop Cans Thursday March 5, 2009 CityNews.ca Staff It turns out a cold drink isn't the only thing in your pop can. A Health Canada study found the estrogen-mimicking chemical bisphenol-A in the vast majority of canned beverages - 69 of 72 of those tested contained residues. The report appeared last month in the Journal of Agricultural and Food Chemistry and included some 84 per cent of canned soft drinks sold in Canada. http://www.citynews.ca/news/news_32643.aspx

This is why I'm not an organ donor. I'm sure this isnt the first time it has happened. Parents' Hospital Lawsuit Says Teen Was 'Killed' For Organs Doctors Admit Clerical Error, but Say Teen Would Not Have Recovered From Brain Damage By SUSAN DONALDSON JAMES March 6, 2009 The parents of an 18-year-old who suffered a brain injury in a 2007 snowboarding accident say his doctors "intentionally killed" him to harvest his organs. http://abcnews.go.com/Health/story?id=7017711&page=1

Morgan Stanley predicts downturn will be worse than the Depression. Some bleak predictions from Morgan Stanley this morning including the forecast that UK profits could fall by 60% in the current downturn - a worse performance than the great depression of the 1930s. http://www.guardian.co.uk/business/marketforceslive/2009/mar/06/glaxosmithkline-astrazeneca

Scientists Allege Fraud in 1984 HIV/AIDS Papers Friday, March 06, 2009 by: David Gutierrez, staff writer (NaturalNews) Thirty-seven legal, medical and research professionals have sent a letter to the journal Science, asking it to officially retract the original four papers making the case for HIV as the cause of AIDS. According to the letter's authors, widespread evidence has now emerged that the studies were not only poorly carried out, but that their results were falsified. In 1984, Robert Gallo published four articles in Science, claiming that he had isolated the HIV virus and concluding that it was the "probable cause of AIDS." Investigative journalist Janine Roberts has discovered, however, that Gallo made last-minute alterations to the paper and its results. http://www.naturalnews.com/025787.html

US private sector cuts 697,000 jobs By Alan Rappeport in New York Published: March 4 2009 13:59 | Last updated: March 5 2009 02:13 The US private sector shed 697,000 jobs in February, a survey of business employment showed on Wednesday. “The nightmare continues,” said Ian Sheperdson, chief US economist at High Frequency Economics. “Every indicator tells us that employment is tanking across the economy http://www.ft.com/cms/s/c93f2546-08bc-11de-b8b0-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fc93f2546-08bc-11de-b8b0-0000779fd2ac.html&_i_referer=http%3A%2F%2Fwww.rense.com%2F

Well, I think I found out how there going to solve the baby boom problem. Just kill em off. Not a word of this in the U.S. yet. This is f**king serious s**t. If this wasnt caught..... Baxter: Product contained live bird flu virus By Helen Branswell, THE CANADIAN PRESS Last Updated: 27th February 2009, 3:26pm The company that released contaminated flu virus material from a plant in Austria confirmed Friday that the experimental product contained live H5N1 avian flu viruses. And an official of the World Health Organization’s European operation said the body is closely monitoring the investigation into the events that took place at Baxter International’s research facility in Orth-Donau, Austria. “At this juncture we are confident in saying that public health and occupational risk is minimal at present,” medical officer Roberta Andraghetti said from Copenhagen, Denmark. ... http://www.torontosun.com/news/canada/2009/02/27/8560781.html

Site work has started for the new CVS at Clifton and 117th. Does anyone (KJP) know what this project is going to look like? Is there going to be residential with it?

Well then if the other country's baby boom has the similar negative effects on the economy that ours does dont you think that would compound problems even further, and they are actually worse than this guy predicts?

Wow! Great find C-Dawg! That is an excellent analysis. I always figured if this financial mess didnt get us the baby boomers would. I didnt take into account the vast amount that have retired in the last few years. Were doomed, plain and simple. There will be no recovery, and boy, were gonna have one helluva tax bill in the next couple years, if were even working, lol. Start preparing.

John Kinsman: Nation's food system nearly broke John Kinsman — 2/26/2009 12:30 pm As our government enacts a stimulus package and President Barack Obama announces bold initiatives to stem home mortgage foreclosures, disaster threatens family farmers and their communities. The government's response to plummeting commodity prices and tightening credit markets leads to the basic question: Who will produce our food? http://www.madison.com/tct/opinion/column/440669

Here's a link for anyone interested in the reality of things to come. If you still believe Obama for whatever reason (i myself cant find a sigle f**king one), you may want to get past the fluff and his "great speeches". Bottom line is he doesnt know what hes doing or talking about. I'm 100% sure of that. What he's doing is either 1. for complete and total incompetence, or 2. completely intentional. I'm hoping that it's 1., but after listening to UK's Gordon Brown and other global elite and their insistance on a global form of currency and monetary system, it seems to be 2. He seems to be playing right into their hands. It's imperitive that you start saving your money and stocking up on food now (and physical silver and gold to protect your wealth from the mass inflation that is coming). There is no recovery in the near future. The sooner you figure this out the better off you will be. http://www.trendsresearch.com/

Not a good prediction: Moody's predicts default rate will exceed peaks hit in Great Depression A bigger proportion of non-investment grade companies will go bust in the US and overseas in the coming years than during the Great Depression, according to Moody's, one of the world's foremost experts on credit. By Edmund Conway, Economic Editor Last Updated: 7:42PM GMT 26 Feb 2009 http://www.telegraph.co.uk/finance/economics/4840805/Moodys-predicts-default-rate-will-exceed-peaks-hit-in-Great-Depression.html

Thats a great point. The new graduating class is one factor I didnt consider. And with the older generation working later in their life, and holding off for now cause their retirement accounts have gotten pummeled in the past year. And if things dont turn around by 2010, and I'm not optimistic that they will, things could get real ugly.

Two more bank failures today. 16 on the year so far. http://finance.yahoo.com/news/Regulators-close-banks-in-apf-14501762.html

For any UO'ers that dabble/interested in real estate investment in the cincinnati area, A 4 unit apartment building came up on the foreclosed FHA/HUD site this week. Starting bid 480.00. I'm not familiar with Cincy, just came across it and thought i'd point it out. It seems close to UC and the Zoo. http://hud1.towerauction.net/cgi-bin/e24_select_property.cgi?id=411184586&office=e24&state=OH

There is a large portion of open land at the corner of Chester and the Clinic's new entrance. I think maybe it could be a good way to finish off their new entrance.

Looks like work has started on the building next to the Barnes and Noble building. I saw some new metal stud walls in the top floor.

Got it http://www.cleveland.com/news/plaindealer/index.ssf?/base/cuyahoga/1235727036263410.xml&coll=2

Right, and MMPI says theyre still going to meet with FCE in March. Everything, one way or another should be settled then.

Where is the land? ZOOM IN!!