Clipmarks | Bloomberg Clips

Russia: 20% Market Share for Nuclear Reactors

Tue, 07 Oct 2008 13:39:25 GMT

clipped by: Andrew Gillies
clipper's remarks: Bloomberg story notes "$80 billion global backlog of orders for Russian reactors."

Clip Source: www.bloomberg.com

Russia's Nuclear Shutdown Pads Reactor Orders, Purges Chernobyl

By Yuriy Humber

Russia is seizing on record oil and natural gas prices to market its nuclear reactors abroad and plans to gain as much as 20 percent of the global market. China, India and Iran already are buyers, and Russia is the only bidder for a contract to build Turkey's first nuclear plant, Istanbul-based utility Tetas said last month.

Bulgaria is paying ZAO Atomstroyexport, Russia's state-run reactor builder, $5.2 billion for two units; India has an accord for four units; and China is in talks on two more, according to the company's Web site. In addition, Rosatom Corp., the parent company of Atomstroyexport, has Russian government contracts for 26 reactors by 2020, according to the Web site of Rosatom's energy division, OAO Atomenergoprom.

U.S.Treasury's Kashkari to Lead Bank Bailout Office (Update1)

Tue, 07 Oct 2008 05:02:14 GMT

clipped by: merrie
clipper's remarks: ``We need to think through what's the best for securities, for loans, to help strengthen the balance sheet of the institutions.'' Anthony Ryan, the Treasury's acting undersecretary for domestic finance, said in an interview today on CNBC. ``We are focusing on the broader issues, the mortgage- related assets.''

Senate confirmation is required to fill the position for which Kashkari will be nominated. The Treasury hasn't specified the length of Kashkari's tenure, or whether the White House would nominate him officially. The Bush administration remains in office until January.

Ben Dover, "Dewey Screwem and Howe" via tom mcguire

Clip Source: justoneminute.typepad.com

Nice to see the that Hank Paulson and the US Treasury have a sense of humor - the bailout will be run by Neel Cash-n-Carry. Legal counsel to be provided by Dewey Screwem and Howe, I have no doubt.

Clip Source: www.bloomberg.com

Oct. 6 (Bloomberg) -- The U.S. Treasury will name Neel Kashkari, assistant secretary at the department, to run the $700 billion Wall Street rescue program on an interim basis, according to a Treasury official.

Kashkari will be designated the interim head of the new office of financial stability, created in the bailout legislation Congress passed last week. The Treasury aims to buy troubled assets such as home loans and mortgage-backed securities from banks and other financial institutions in an effort to shore up global credit markets.

Kashkari, a former vice president at Goldman Sachs Group Inc., is currently assistant secretary for international economics and development. He has been one of Treasury Secretary Henry Paulson's key advisers on housing issues.

Tags: paulson, treasury, new office of financial stability, neel kashkari, former vp goldman sachs

Global Financial Crisis in Pictures

Tue, 07 Oct 2008 01:49:54 GMT

clipped by: blueridge
clipper's remarks: Look: The Bailout did not stop this!

The only things looking good are gold (soaring), government bonds (safer investments), the dollar (which has rebounded) and oil prices (which are now below 90 buck a barrel; hopefully $3 per gallon gas is coming soon; but we want 1.50 per gallon like when Bush and the war-spending neocons seized power, massively increasing government spending and national debt).

World stock markets have plunged after government bank bail-outs in the US and Europe failed to stem fears of slower global economic growth.

On Wall Street, the Dow Jones fell 370 points, ending below 10,000 for the first time since 2004. UK and French indexes also suffered big falls.

For a definition of futures index in these charts go here.

Clip Source: globaleconomicanalysis.blogspot.com

Global Carnage In Pictures

Here is a look at today's carnage in chart form.

Index Futures

Energy Futures

Grain Futures

Softs Futures

Metals Futures

Meat And Dairy Futures

Currency Futures

Financial Futures

Government bonds, interest rate futures, and gold are in rally mode. Everything else is getting hammered. Let's look a bit closer at Government Bonds.

US Treasuries

UK Government Bonds

German Government Bonds

Future Tables are Courtesy of Barchart Commodities.

Government Bonds are Courtesy of Bloomberg.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Clip Source: globaleconomicanalysis.blogspot.com

MISH'S
Global Economic
Trend Analysis

Tags: financial crisis, bailout, financial markets, oil, dollar, global financial crisis, wall street, economy

tv spain

Sun, 05 Oct 2008 13:27:52 GMT

clipped by: foxy1

Clip Source: www.sky.com

Bliss	Bubble Hits	Chart Show TV	Clubland
Channel U	Fizz	Flaunt	Flava
MusFlash	NME TV	oMusic TV	Kix!
ROCKWORLDTV	Scuzz	The Vault

Al Jazeera Eng	Bloomberg	BBC NEWS	BBC PARL'MNT
CCTV-9	CNN	EuroNews	France 24
Russia Today	S4C2

Best Direct	Best Direct+	Beverly Hills TV	bid TV
CelebrityShop	Create & Craft	Entrepreneur	Gems.tv 1
Gems.tv 2	Gems.tv 3	High Street TV	Ideal World
Ideal World 2	Ideal World 3	Jewellery Ch.	JJB Sports
JML	JML Choice	JML CookShop	JML Direct 1
JML Innovation	Max TV	Pitch TV	Pitch World
price-drop tv	QVC	Rocks & Co.	Shop on TV
Smart Shop TV	speedauctiontv	Stop + Shop	Teletext Hols
Thane Direct	Thomas Cook	Thomson TV	Tron Direct
TV SHOP	TV Warehouse	TVW	Wedding TV
WWS

DAYSTAR	EWTN	Faith	Genesis
GOD Channel	GOD Europe	Gospel Channel	Inspiration
KICC TV	LOVEWORLD TV	revelation	TBN Europe
UCB TV	Wonderful	Word Network

Audi Channel	Business Chnl'l	CommunityChnl	OceanFinance
Open Access	Psychic TV	Teachers TV

CBBC Channel	CBeebies	DAYSTAR	POP
PopGirl	PopGirl+1	Tiny Pop	Tiny Pop +1

$700 Billion Bailout Helps Treasury Secretary & His CEO Friends, Hurts Taxpayers

Fri, 03 Oct 2008 16:03:06 GMT

clipped by: Cezanne777
clipper's remarks: In this $700 billion bailout, Treasury Secretary Hank Paulson has cooked up a fishy plan that has taxpayers overpaying for near-worthless paper assets, while giving banks an excuse to falsely mark up the value of that paper to make bad paper look like gold. Any capital actually gained by the banks would be illusory at best. Timing is everything. This plan does not fix anything--it simply delays the crash until AFTER the election, and it creates "the illusion of stronger financial institutions, not strengthening them." Paulson is "helping his friends" (including "Morgan Stanley Chief Executive John Mack.") It took 150 years to make Confederate money worth a dime... Apparently alchemist Henry Paulson has found a way to do it overnight.

Clip Source: www.bloomberg.com

Oct. 2 (Bloomberg) -- If you think this bailout is expensive, just wait until you see the next one.

The $700 billion rescue plan

won't fix the core problem with the nation's ailing financial institutions.

So, the taxpayers get hosed on the asset purchases.

Why would a smart guy like Hank Paulson -- the former boss of Goldman Sachs -- advance such a dumb, shady plan?

No. 1: It delays our national reckoning until after the presidential election.

No. 2: The reckoning will be worse than you can imagine.

No. 3: He's helping his friends.

Tags: bailout, $700 billion, 700 billion, rescue plan, house of representatives, treasury, paulson, banks

Bloomberg's Three-peat Chances

Fri, 03 Oct 2008 15:54:13 GMT

clipped by: Andrew Farrell
clipper's remarks: It will be tough, but a majority of New Yorkers are behind him.

Clip Source: www.nydailynews.com

Mayor Bloomberg is cutting services, threatening to raise taxes and bending rules to stay in office - but voters still want to hand him four more years, a poll out Friday shows.

New Yorkers favor extending term limits so he can run again 54% to 42%, according to a Quinnipiac University poll.

The survey also shows that more people warmed up to the idea of adding a third term since July when a similar poll showed that just 38% of New Yorkers supported the plan compared to 56% who opposed it.

Beltway "Earmark" Business is Booming

Wed, 01 Oct 2008 22:01:10 GMT

clipped by: merrie
clipper's remarks: .............Pelosi Uses Panic to Pass Pork........

Year-end spending bill doubles cost of earmarks, violates President’s earmark principles; Obey says pet projects added "the old fashioned way"

Today, U.S. Senator Jim DeMint (R-South Carolina) expressed disappointment that House Speaker Nancy Pelosi used the focus on the financial crisis to pass billions of dollars on thousands of new earmarks included in the continuing resolution (CR), which funds the government through March of next year. The $16.1 billion for 2,627 earmarks in the CR is nearly double the cost of pet projects in the same bills from last year, and almost four times the level the President said he would except. In January, the President promised to "veto any appropriations bill Congress sends him that does not cut the number and cost of earmarks in half."

Clip Source: demint.senate.gov

“It's obvious Speaker Pelosi and Chairman Obey are hoping no one notices this explosion in earmark spending during the economic panic. Sadly, most members of Congress have no idea what is in this bill, yet they are rushing it through 'the old fashioned way.' It's loaded with congressional earmarks, but since most politicians have something in the bill, no one is asking questions,” said Senator DeMint.

As reported by Bloomberg News:

"As politicians tell Americans our nation faces a financial crisis, the earmark business on Capitol Hill is booming," said Senator DeMint. “Congress has the lowest approval rating in history, and it’s well-earned. Washington seems to have no time to lower taxes or reform government, but plenty of time to bail out Wall Street and mortgage our nation's future with pork barrel spending."

Tags: congress, earmarks business "booming"

Senate agrees to vote on Bailout tomorrow night

Wed, 01 Oct 2008 02:10:05 GMT

clipped by: chestnut501
clipper's remarks: Senate switchboards can be jammed by calling 800-828-0498 or 800-965-4701

Clip Source: www.bloomberg.com

Sept. 30 (Bloomberg) -- Senate Democrats and Republicans have agreed to vote tomorrow night on a $700 billion financial- rescue plan, amid evidence that voters and lawmakers regretted yesterday's U.S. House rejection of the bailout.

President George W. Bush and Senate leaders vowed to revive the legislation after the House voted down the package on a 228-205 vote, with 40 percent of Democrats and two-thirds of Republicans against it.

The package would give the Treasury Department broad power to buy troubled assets, chiefly mortgage-backed securities, that are saddling investors and financial institutions.

The move was endorsed by Republican presidential nominee John McCain and Democratic opponent Barack Obama. Both Obama and McCain plan to return to Washington for tomorrow's vote, their aides said.

How Chavez like

Wed, 01 Oct 2008 00:45:14 GMT

clipped by: sillysam

Clip Source: www.foxnews.com

Bloomberg Plans to Seek Third Term as New York City Mayor

NEW YORK — Billionaire Mayor Michael Bloomberg has decided to push for a change in the city's term-limits law and run for another four years, a person who has been briefed on the matter told The Associated Press on Tuesday.

Bloomberg Called Ready to Announce Third-Term Bid

Tue, 30 Sep 2008 22:06:21 GMT

clipped by: glennbah
clipper's remarks: With his decision, Mr. Bloomberg is overruling the advice of this top three aides at City Hall — Edward Skyler, Patricia E. Harris and Kevin Sheekey — who have all told associates that they oppose a third term.

Clip Source: www.nytimes.com

After months of speculation about his political future, Mayor Michael R. Bloomberg plans to announce on Thursday morning that he will seek a third term as mayor

The extraordinary move promises to upend New York City’s political world.

Mr. Bloomberg is barred by law from seeking re-election. But he will propose trying to revise the city’s 15-year-old term limits law, which would otherwise force him and dozens of other elected leaders out of office in 2009

The move represents an about-face for Mr. Bloomberg, who has repeatedly said he supports term limits and once called an effort to revise the law “disgusting.” He will apparently try to do so through legislation in the City Council, rather than the ballot box.

The city’s term limits law was passed twice by voters, in 1993 and 1996

Mr. Mayor Mr. Mayor Mr. Mayor

Tue, 30 Sep 2008 20:25:20 GMT

clipped by: Maureen Farrell
clipper's remarks: Over the past few weeks, I've heard people throw Michael Bloomberg's name into the pool of hypothetical contenders for the Presidency, speculating that Michael Bloomberg could run for President today or tomorrow or even next week and clinch it. His name's been thrown around as a possible financial csar of the US. Bloomberg evaded the question on Meet The Press as to whether he would seek a third term. If the New York Times' report proves true, Bloomberg's next move could be the most shocking next step for the Mayor.

Clip Source: www.nytimes.com

After months of speculation about his political future, Mayor Michael R. Bloomberg plans to announce on Thursday morning that he will seek a third term as mayor, according to three people who have been told of his plans.

The extraordinary move promises to upend New York City’s political world.

As the city’s economy has become imperiled over the last two weeks, support for such a move has intensified.

Socialism Around the World

Tue, 30 Sep 2008 07:40:41 GMT

clipped by: sillysam
clipper's remarks: So wait...A private company loaned money to the government. The government defaulted on loans. The private company failed because of all the failures so the government will pay the private company to keep it in business using the taxpayers money. It is positively cannibalistic.

Clip Source: www.bloomberg.com

Dexia to Get EU6.4 Billion From Belgium, France, Shareholders

By Fabio Benedetti-Valentini

Sept. 30 (Bloomberg) -- Dexia SA, the world's biggest lender to local governments, will get a 6.4 billion-euro ($9.2 billion) state-backed rescue after worsening financial markets drove the shares to a record decline.

Belgium's federal and regional governments, France and the company's largest shareholders will supply the funds, according to a statement from Belgian Prime Minister Yves Leterme today.

The House Sides with Main St: "No Deal" to Banksters!

Tue, 30 Sep 2008 05:44:47 GMT

clipped by: blueridge
clipper's remarks: In this real game of "Deal or No Deal" the American taxpayer finally won a round against the financial heavyweights.

While idiots in the House and talk radio (and the McCain campaign) tried to make this a partisan issue, Bloomberg tallies here that 40% of Democrats and 67% of Republicans combined together to narrowly defeat the Fed's bill that Bush supported. THAT IS CALLED A BI-PARTISAN DEFEAT OF THE BILL THAT AMERICANS IN THE MAJORITY TOLD CONGRESS THEY HATED!

Conservative talk show host Michael Savage tonight (who has been railing against Bush as a fiscal socialist and the Wall Street banksters as crooks) underscored that he was right that Americans wanted "no deal" while talk show corporate sycophants (he let them have it by name)--i.e. Rush Limbaugh, Sean Hannity, and Bill O'Reilly--who supported the bailout were wrong.

The defeat of this irresponsible bill was not based upon Partisanship, but good Principle.

Clip Source: www.bloomberg.com

U.S. House Rejects $700 Billion Financial-Rescue Plan (Update7)

Sept. 29 (Bloomberg) -- The financial-rescue plan intended to restore confidence in the U.S. banking system collapsed in partisan wrangling as the House of Representatives voted down the proposal backed by the Bush administration and congressional leaders of both parties.

Markets plunged as the House rejected, by a vote of 228 to 205, the $700 billion measure to authorize the biggest government intervention in the markets since the Great Depression. The Dow Jones Industrial Average fell 778 points, or 6.98 percent to 10,365, the biggest point drop ever. The Standard & Poor's 500 Index fell 8.4 percent, the most since Oct. 26, 1987

Democrats voted 140 to 95 in favor of the legislation, while just 65 Republicans backed the bill and 133 opposed it.

President George W. Bush said he's ``very disappointed'' by the defeat in the House of his $700 billion plan.

Opponents said the measure was too risky and too costly.

Tags: financial crisis, congress, bush, fed, wall street, economy

Miniature Cardiac Pump Saves Lives as Children Wait for Hearts

Tue, 30 Sep 2008 01:24:19 GMT

clipped by: rmowery

Clip Source: www.bloomberg.com

Miniature Cardiac Pump Saves Lives as Children Wait for Hearts

Sept. 29 (Bloomberg) -- Miniature pumps that take over for a damaged heart can keep the smallest children alive as they wait, sometimes for months, until a donated organ is available, a study found.

Researchers tracked the fate of nine children ranging from a 12-day-old infant to a 17-year-old youth who received the tiny device made by Berlin Heart GmbH under a special program for those with no other options. While machines from Thoratec Corp., World Heart Corp., Ventracor Ltd. and HeartWare Ltd. are available or under development for adults and older children, the smallest patients in the U.S. have few treatment options.

Tags: heart pump, heart, cardiac, children, minature pumps, surgery

FINAL VOTE RESULTS FOR ROLL CALL

Tue, 30 Sep 2008 00:09:23 GMT

clipped by: merrie
clipper's remarks: Fed Pumps Further $630 Billion Into Financial System (Update3)

The Fed's expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry. The crisis is reverberating through the global economy, causing stocks to plunge and forcing European governments to rescue four banks over the past two days alone.

Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.

The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide

Clip Source: clerk.house.gov

(Democrats in roman; Republicans in italic; Independents underlined)

	Ayes	Noes	PRES	NV
Democratic	140	95
Republican	65	133		1
Independent
TOTALS	205	228		1

---- AYES 205 ---

---- NOES 228 ---

---- NOT VOTING 1 ---

Tags: house vote, fed $630 billion expansion,