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The dollar has lost 1/3 of its value
And its spiral ever lower is accelerating.From FT Alphaville:We’ve posted this before - but as the ailing US currency drops through $1.47 against the euro and $2.10 against sterling, it merits a second...
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The Bush Who Stole Florida Teachers' Christmas
Jeb Bush was one of 3 people managing the investments of the Florida State Board of Administration. The SBA runs an investment pool of municipalities' cash and also the state's $170 billion pension...
View ArticleIran, China and markets challenging US laxity and lawlessness
Two striking headlines this morning show that the US economic model is losing what shreds of credibility it might once have had:Oil Min: Iran Has Halted Oil Transactions In DollarsChina central bank...
View ArticleUS downgrade threat an attack on Social Security/Medicare
Today's Financial Times front page article that Moody's foresees the USA losing its AAA rating instantly rang alarm bells. For nearly a hundred years, the US Treasury has been the most creditworthy...
View ArticleOur Jerome Goes Anti-Blair in the FT!
The Blair project gains momentum Financial Times: February 4 2008 19:20Rumours grow ever stronger that Tony Blair might want to run Europe now that the ex-prime minister has stopped running the UK. The...
View ArticleKarma: NRCC Defrauded by Party Hack
Ha HAHAH!Karma is a bitch, isn't it? The jerk who enabled the Swift Boat Veterans for Truth in 2004 and was treasurer to the NRCC and many GOP House members has embezzled a chunk of their fighting...
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Americans Working Overhead
Living overseas as I do, even in a country as friendly to America as the United Kingdom, I'm sensitive to the damage done to America's reputation by the Bush administration. I saw the above sign this...
View ArticleLondon Times: McCain's 10 Worst Jokes
Want to know whether the rest of the world is paying attention to the American election? Well, a top ten list of the candidate's most egregious and ill-judged attempts at humour indicates more than a...
View ArticleMcCain's Son Director of Failed Bank under FDIC
John McCain's son Andrew was a director of the failed bank taken over by the FDIC on Friday.Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State...
View ArticleCongressmen Threatened with Martial Law
Congressmen were threatened on Monday with the imposition of Martial Law if they failed to pass the Paulson Plan.Rep. Brad Sherman (D-CA):"The only way they can pass this bill is by creating and...
View ArticleBLOGSWARM: Nixon-Era Hank Paulson
I've got an itch, Kossacks. I want you to help me scratch it. I think Hank Paulson is part of the same cabal that has been behind all the evil of the past eight years, and ceding him unreviewable...
View ArticleWhy I Blogged the War - Why I Stopped
It has been more than five years since LondonYank last posted a diary on DailyKos. I thought I would write one now as a retrospective on why I used to blog almost daily here. I believed then that it...
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