Automakers are facing trouble across the world due to global recession. Thousands of unsold cars are parked in factories and warehouses waiting for delivery to customers and dealers. (thewondrous)
Category: News and Views
Federal Reserve Seeks to Protect U.S. Bailout Secrets (Update1) | Bloomberg.com
The Federal Reserve Bank, to preserve its own power, is engaged in a lawsuit to prevent disclosure over what banks received bailout funds, along with how much they received.
Since the Fed controls currency, in effect, your government is engaged in a fight to NOT tell you who the gave YOUR money to.
The Fed is joined in its bid to overturn Preska’s order by the Clearing House Association LLC, an industry-owned group in New York that processes payments between banks. The group assailed the judge’s decision for what it said were legal errors, such as applying the wrong standard in weighing the exception to FOIA.
The group includes ABN Amro Bank NV, a unit of Royal Bank of Scotland Plc, Bank of America Corp., The Bank of New York Mellon Corp., Citigroup Inc., Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase & Co., US Bancorp and Wells Fargo & Co.
Federal Reserve Seeks to Protect U.S. Bailout Secrets (Update1) – Bloomberg.com.
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Facebook’s Zuckerberg Says The Age of Privacy is Over
Do you want to make your life more open to everyone in the world, or do you want privacy?
As with the economy, we are at a crossroads, the subject this time is about what it means to be a person in the digital age.
This is Very Important
Facebook allows everyday people to share the minutiae of their daily lives with trusted friends and family, to easily distribute photos and videos – if you use it regularly you know how it has made a very real impact on families and social groups that used to communicate very infrequently.
… 350 million people signed up for Facebook under the belief their information could be shared just between trusted friends. Now the company says that’s old news, that people are changing. I don’t believe it.
SEC order helps maintain AIG bailout mystery | Reuters
It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group (AIG.N) because of an action taken last year by the Securities and Exchange Commission.
In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory filing that includes some of the details on the most controversial aspect of the AIG bailout: the funneling of tens of billions of dollars to big banks like Societe Generale, Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE) and Merrill Lynch.
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Stressed? Dark chocolate might help | Inform.com
German and Swiss researchers have found that eating about an ounce and a half of dark chocolate a day for two weeks reduced the levels of stress hormones in highly stressed people.
New Thiel’s Deals! | Paul Thiel
A new edition of Thiel’s Deals is out detailing “deal flow and human capital opportunities in the California counties of Orange, San Diego, Riverside and San Bernardino.”
It’s always informative. Click here to check it out.
BREAKING NEWS: Gumby Creator Art Clokey Dies | Sphere News
ENTREPRENEURS: Two lessons:
1. NEVER GIVE UP
2. YOU NEVER KNOW WHERE SUCCESS WILL FINALLY COME FROM
Eddie Murphy brought a surge in Gumby’s popularity in the 1980s with his send-up of the character on “Saturday Night Live” as a cigar-smoking show business primadonna.
Clokey said he enjoyed Murphy’s profane Gumby.
“Gumby can laugh at himself,” Clokey told the Tribune.
Murphy’s Gumby brought new toy sales and eventually led to a new syndicated series starting in 1988.
It was only then that Clokey started seeing serious financial returns on his creation.
“It took 40 years,” he said.
Bloggers Debate Usefulness of Facebook Bra Status Update | Sphere News
Logging on to the world’s most popular social network beginning midweek, it was common to see status updates from women users that read a variety of colors, from black to white, pink, red, nude or, more cryptically, “none.” What could the girls be up to this time? male users collectively wondered. That’s because, as is often the case with women’s wares in real life, they simply weren’t in the loop.
Stimulus News Digest, Issue 14 | Office of the Small Business Advocate
This reports highlights:
- Earthquake Early Warning System Could Soon Be Feasible; Stimulus Funds Used
- Stimulus Funds to Pump More Water
- Recovery Act Funds 10,000th Highway Project
- Small Business Digs into $1 Billion Doyle Drive Project
- Helping Hand for Small Businesses
- Stimulus Money to Help State with Medicaid Records
- Grants Fund Training for Green Jobs
Gov. Schwarzenegger Lays Out Priorities in State of the State Address
Every once in a while, it’s good to see what the press is spinning directly, so you can judge for yourself what’s being said. Attached is The Governator’s State of the State press release for your edification.
For Immediate Release:
Wednesday, January 6, 2010
Gov. Schwarzenegger Lays out Priorities, Urges Continued Bipartisan Teamwork in State of the State Address
Today, Governor Arnold Schwarzenegger delivered his annual State of the State address before a joint session of the California legislature. The Governor reflected on the teamwork that brought California through the worst recession since the Great Depression in 2009 and laid out his vision for California in 2010.
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Dispatches From The Front 