Wednesday, January 18, 2012

Dr. Obama's Miracle Green Job Elixir Gives $737 Million To Solar Firm Linked To Pelosi's Brother-In-Law


With Solyndra in the news again, these stories are worth another look.


New CNN Poll Shows Obama Tied With Romney And Ron Paul In November Showdowns, Gingrich & Santorum Trail Behind


Despite the headline, this is not a surprise to anyone but establishment GOP insiders.  This is the third poll in recent months showing Ron Paul competing favorably against Obama in a general election.  Dr. Paul might not be able to win the Republican nomination, but he and Romney are the only 2 candidates with any chance against Obama.  Moreover, when you consider that Romney is a Bush-Obama clone (both love bailouts, war, cronyism, Wall Street and the Federal Reserve), it becomes abundantly clear that Ron Paul is the only choice for fundamental change.
Perhaps that is why in New Hampshire last week, nearly half of ALL young voters voted for Dr. Paul.
Full details on the brand new CNN poll are below, plus a few Ron Paul stories you might not have seen.
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Washington – Mitt Romney is all tied up with President Barack Obama in a likely general election matchup, with the president showing signs of weakness on the economy and Romney seen as out of touch with ordinary Americans, according to a new national survey.
And a CNN/ORC International Poll released Monday also indicates that Rep. Ron Paul of Texas is also even with Obama in another possible showdown this November. The survey also suggests the Republican advantage on voter enthusiasm is eroding, which could be crucial in a close contest.
According to the survey, if the November election were held today and Romney were the Republican presidential nominee, 48% say they'd vote for the former Massachusetts governor, with 47% supporting the president. Romney's one point margin is well within the poll's sampling error.
The poll also indicates Paul statistically tied with Obama, with the president at 48% and the longtime congressman at 46%. But according to the poll, the president is doing better against two other Republican presidential candidates. If Rick Santorum were the GOP nominee, Obama would hold a 51%-45% advantage over the former senator from Pennsylvania. And if Newt Gingrich faced off against the president, Obama would lead the former House speaker 52%-43%.
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Sarkozy mocks S&P credit downgrade

Occupy Boston Rally at the Federal Reserve

Occupy Boston - Fuck the fed

Blue Chip Companies Bailing Out Weak Eurozone Banks


Role reversal Euro-style.  With 2% yields in the cash markets, this makes sense intuitively for cash-rich lenders, but with the possibility of default looming large, the loans are now secured.
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Reuters
Blue-chip names like Johnson & Johnson, Pfizer and Peugeot are among firms bailing out Europe's ailing banks in a reversal of the established roles of clients and lenders.
One source with knowledge of the so-called repo deals or short-term secured lending, said the two U.S. pharmaceutical groups and French carmaker were the latest to sign up for them.
Europe's banks are struggling to secure the cash to fund their day-to-day business and have largely stopped lending to each other for fear Europe's sovereign debt crisis could land any of their peers in trouble.
As a result a group of well-known, cash-rich companies with solid cash flows has stepped in the repo market, which provides a form of lending so far almost exclusively in use between banks, and between banks and central banks.
One market participant said in one key area of lending companies now accounted for 25 percent of these deals.
Repos provide the new financiers with the strict guarantees they need before parting with their cash, answering worries that the crisis has weakened Europe's banks to the extent that they might not be able to pay the money back.
"Companies in the past were ... happy to deposit cash on an unsecured basis to a bank for an interest payment," said Frank Reiss, who oversees some of the repo business at Euroclear, the Brussels-based settlement house owned by a group of banks.
"Now following the crisis, we have seen that companies are engaging in repos secured with collateral against the cash they are lending," said Reiss. Euroclear is the largest administrator of repo trades in Europe.
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Protesters Ready Igloos To Occupy Davos


A member of the Occupy WEF movement uses a shovel to extend the entrance of the first igloo at their camp site in the Swiss mountain resort of Davos January 16, 2012.  The Occupy WEF members will stay in a camp of several igloos to protest during the World Economic Forum (WEF) which takes place from January 25 to 29.
Photo Credit: Reuters/Arnd Wiegmann
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Reuters
Occupy protesters with their sights set on the World Economic Forum, the annual gathering next week of the rich and powerful in the Swiss ski resort of Davos, unveiled their igloo accommodation on Monday.
When fully erected, Camp Igloo will include two heated teepees and a field kitchen alongside the ice houses to sleep about 50 people in sub-zero temperatures, activists said.
Davos, which brings together politicians, central bankers and business leaders, has become a byword for globalization.
The Occupy Wall Street movement burst onto the scene last year to focus attention on income inequality and the perceived greed of the rich and powerful. Copy-cat protests sprung up in cities around the United States and worldwide.
But authorities have cleared many tented encampments and the movement has lost some momentum during the northern hemisphere winter.
"It is the decisions of the few which have led us into the crisis of recent years and now the same people are posing as the solution to these problems," David Roth, president of the youth wing of the Swiss Social Democrats, told reporters at Camp Igloo, near the Davos train station.
"This is the wrong solution as it is undemocratic and cynical. Democracy is not only the right path for the Arab states but is also urgently needed again in the West."
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