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Richard Sachs Cycles

Don't you worry, it's for a cause ...

In response to the recent passage of HR 1540, also known as the National Defense Authorization Act, which will have the chilling effect of suspending the right to due process, the right to a trial by a jury of an accuser’s peers, and the right to habeas corpus, now that the so-called “war on terror” [...]

Quote of the Day

At any rate, congratulations, America, you’ve elected a group of people who believe government doesn’t work, yet will still take a nice cushy job in it doing absolutely nothing productive on your dime. I can’t possibly see how that wouldn’t work out.

via The Black Guy’s Still The President – The Superficial

The Party of “Hell, no!”

I love it when a magazine with a decidedly conservative bent takes the American right to task for some of its idiotic tactics.

It is sad to report that the American right is in a mess: fratricidal, increasingly extreme on many issues and woefully short of ideas, let alone solutions.

At a time when redesigning [...]

Belgians Just Don’t Speak the Same Language

JEZUS-EIK, Belgium—Rudi Coel scowled at the sight of the Thai restaurant advertising "Takeaway."

"We’re in Flanders, so that should say ‘Meenemengerechten,’ " said the 50-year-old social worker, using the proper Dutch word.

The euro zone is in turmoil, and Belgium’s heavy government debts are drawing comparisons with those of Greece. But the main issue before [...]

The Google Security Agency?

The world’s largest Internet search company and the world’s most powerful electronic surveillance organization are teaming up in the name of cybersecurity.

Under an agreement that is still being finalized, the National Security Agency would help Google analyze a major corporate espionage attack that the firm said originated in China and targeted its computer networks, [...]

An interesting take

David Weidner’s Writing on the Wall: Bill Clinton’s legacy is our financial disaster – MarketWatch

… the biggest mistake of the Clinton years regarding Wall Street and the one that rings loudest today was the repeal of Glass-Steagall, a 1933 law that effectively split investment banking and brokerages from commercial banks.

In the years leading [...]

Stress!

Now I know why the A-Train hates Goldman Sachs so much … looks like all the Goldman alums in guv-mint decided to give them a bigger break than they gave Morgan Stanley in determining worst-case scenarios in the recent stress tests performed by the Federal Reserve.

Goldman’s Test Stresses Morgan Stanley

Why did the stress [...]

Wells Fargo In Trouble?

Wells Fargo May Need Capital – WSJ.com

An initial U.S. stress test identified Wells Fargo & Co. as among the banks needing a buffer against future losses, said a person close to the company.

But it was unclear Monday whether Wells would be forced to raise fresh capital or if regulators would accept its argument [...]

Pile on!

Individual Investors Pile Into Citi – WSJ.com

The old Wall Street adage about the dangers of catching a falling knife doesn’t seem to be scaring individual investors away from Citigroup Inc.

Some discount-brokerage firms report a surge of individual, or retail, investors buying shares of Citigroup during the past five months, amid the New York [...]

Okay, this move scares me …

… and I’ll bet that Art has something to say about it as well, and if not the A-Train, then perhaps the cats over at Mad Dog Media … Turkish?

Nothing like giving the guv’mint the right to say “Okay, you’re fucking up, so we’re gonna shut you down and sell you off …”

Tapping [...]