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Monday, December 1, 2008

Tuesday - December 2, 2008

The young hacker who "broke the Internet"

Layoffs: US Steel to idle 3 plants and 3,500 workers

Man in his 70s gets surprise birthday card from one of his teachers, now in her 90s

US Auto Sales fall like boulders off a cliff for a total 37% drop year over year:

Chrysler sales zoom down 47%

Volvo sales tumbled 46%

Nissan freefalls 42%

GM drops 41%

Toyota sales down 34%

Honda off 32%

Ford's sales down 31%

Mish on "Search for Stimulus in a ZIRP World"

India says all of the Mumbai attackers came by ship from Pakistani port of Karachi 20 names of fugitives in Pakistan given to officials in that country by Indian government

US warned Indian officials about Mumbai one month in advance?

Thai airport protests called off . . . tourists can now leave . . . Parliamentary vote on Dec. 8th for new government

Senator Mel Martinez (R-FL) will not seek re-election

Lost cellphone on hijacked vessel gives Mumbai Police names and numbers of alledged masterminds behind attacks

Ford asks Congress for a $9 Billion credit line which it might never tap . . . unless one of the other Big 3 go under

Ford auto sales fall 30% in November

Casino Capitalism . . . Blame Wall Street's Phantom Bonds for the Credit Crisis: by Susanne Trimbath, Ph.D.

Trimbath's article answered by Rodger Rafter of Motely Fool

Must see graphic image of US Bailout's future credit lines and money thus far spent. Can you say $8.5 Trillion promised on bailout?

Peter Schiff: "Bailout a-Go-Go" or as he says so eloquently, ". . . trillions are the new billions." Says this bailout so far is "unalloyed insanity that can only lead to total ruin" and that Obama's "team" is the same as the old bosses

Reserve Bank of Australia cuts rates by a full 1.00% . . . bringing rates to their lowest point in six years





Dutch ban selling of "Magic Mushrooms"

Obama: "Afghanistan is where the war on terror began, and it is where it must end.”

Report says US likely to experience a terrorist attack with WMD by 2013

Amnesty International and International Red Cross calls out new head of the Pope's Swiss Guards on "brutality" charges

Truck collides with 2 mini-vans in Egypt, killing 14, injuring 11

Cellphones said to be more dangerous in cars than chatty passengers

German driver hits and kills two pedestrians in Moscow


A student walks to school along the only path available near the village of Gulucan on November 17, 2008 in Hanyuan county, Sichuan province, China. More than 60 farmers' families live in six isolated locations, perched high above a spectacular canyon in the area. Some farmers' children have to walk three hours to their school along the edge of a crumbling, narrow mountain path with a sheer 5,000ft drop on one side. (Guang Niu/Getty Images) # 27




Venus and Jupiter to form triangle with the moon

After 39 people die over the weekend . . . including 4 children . . . Tijuana Police Chief fired

A Blue Christmas for China's toy factories

Mosul, Bagdhad bombers kill 31

China fears reverse migrations from cities to countryside during this Global Recession






Oil tumbles below $50 a barrel as Recession is officially christened







Fourth worst drop for the Dow ever yesterday as Recession officially called with a December 2007 start

Canada's opposition parties unite to try and overthrow the Conservative Party's rule next week

Nokia to launch "interesting" phone later today, Tuesday, December 2, 2008




New missle race between America and Russia


President Bush admits he was unprepared for War when he took over the White House and regrets false Iraqi intelligence

Argentinian beef suppliers slowly adapting to Western grain lot ways

Ahnold: California is almost broke

Krugman: Circumstances now are anything but normal, therefore, we must grow the defecit Calls for fiscal expansion of our infrastructure during this time of "Liquidity Trap"

Bomb blast kills one, injures 22 at Thai airport

British tourists feel "deserted" in Bangkok

2 Canadians die in speeding van trying to make Thai flight . . . one Brit injured







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