Central bankers as economic hit-men

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Monday November 29, 2010 · 11:43 AM PST

2010/11/29 · 11:43

Crossposted from European Tribune, also on Booman Tribune

Meet Miguel Ángel Fernández Ordóñez, better known as MAFO, Spain's Central Banker.

[Spain's Central Banker Miguel Ángel Fernández] Ordóñez urges pension reform to calm markets - ElPais.com:With whom exactly, does MAFO's loyalty lie?

Under certain interpretations of central banking, for instance that of Hyman Minsky in Stabilizing an Unstable Economy, it would be the job of the Central Bank to "calm down the markets" by judicious use of open market operations. Instead, he tells the government in no uncertain terms that unless pensions are "reformed" market attacks on Spain's debt won't abate. Read More

AIG's Goodwill

Migeru

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Sunday March 22, 2009 · 3:19 AM PDT

2009/03/22 · 03:19

According to Yahoo Finance

American International Group (AIG)

Balance Sheet (All numbers in thousands)
PERIOD ENDING	 30-Sep-08	 30-Jun-08	 31-Mar-08	31-Dec-07
Assets
Total Current Assets
Goodwill	10,334,000	10,661,000	10,182,000	9,414,000

Migeru

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Saturday July 05, 2008 · 12:30 AM PDT

2008/07/05 · 00:30

I don't know why the World Oil Congress is being held in Madrid but, given that it is, the Spanish press has access to the participants. Here's an interview published by El Pais on July 2, in which the Secretary General of OPEC blames everyone except themselves: speculators, US foreign policy, US environmental policy, the subprime crisis, you name it... But he also claims that this is not a supply-and-demand problem as there is no unsatisfied demand. Read below the fold for a point-by-point debunking of his claims.

"Muchos se están haciendo ricos con el mito de que falta petróleo" · ELPAÍS.com

"Many are getting rich with the myth that there is an oil shortage" - ElPais.com

(Crossposted from European Tribune)

Poll

97 votes Show Results

Why are oil prices high?

97 votes Vote Now!

Why are oil prices high?

Western currencies are weak

2 votes

We're not drilling offshore or in ANWAR

4 votes

Financial speculation

23 votes

Oil majors are out of large fields to develop

3 votes

Oil production slack has evaporated

7 votes

People drive too much

5 votes

Saudi Arabia can't increase production

1 vote

Oil exporters' domestic consumption absorbs production increases

0 votes

US foreign policy

2 votes

All of the above

36 votes

My head is spinning

9 votes

None of the above

5 votes

Lazy Quote Diary: Evangelicals for Obama

Migeru

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Saturday June 21, 2008 · 12:48 PM PDT

2008/06/21 · 12:48

Politico.com: Bush backer pens pro-Obama book (6/16/08)

The conservative Evangelical biographer of George W. Bush and Tom DeLay has moved on to a new subject: Barack Obama. And his new book, due out this summer, may lend credibility to Senator Obama's bid to win Evangelical Christian voters away from the Republican Party.

The forthcoming volume from Stephen Mansfield, whose sympathetic "The Faith of George W. Bush" spent 15 weeks on the New York Times bestseller list in 2004, is titled "The Faith of Barack Obama." Its tone ranges from gently critical to gushing, and the author defends Obama-and even his controversial former minister, the Rev. Jeremiah Wright-from conservative critics, and portrays him as a compelling figure for Christian voters.

"Young Evangelicals are saying, 'Look, I'm pro-life but I'm looking at a guy who's first of all black-and they love that; two, who's a Christian; and three who believes faith should bear on public policy," Mansfield, who described himself as a conservative Republican, said in a telephone interview. "They disagree with him on abortion, but they agree with him on poverty, on the war."

Migeru

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Friday August 03, 2007 · 4:04 PM PDT

2007/08/03 · 16:04

First the New Orleans levees, and now the Minneapolis I-35W bridge.

Blame the engineers or blame the politicians, but this stuff is not supposed to happen.

Migeru

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Sunday March 11, 2007 · 2:44 PM PDT

2007/03/11 · 14:44

This was originally written on March 17, 2004, six days after the Madrid train bombings and three days after Zapatero's election victory. I was a graduate student in Mathematics in California at the time, and I posted this on my personal webpage on the department's website. Months later I was contacted by an old friend from Norway I hadn't heard from for a couple of years, who said he'd seen the article referenced on some internet forum by someone who needed to shut up an apologist for the neo-cons. I submitted it as an op-ed to the LA Times and at least one more major publication, though it was rejected. I thought I had lost it, but I found several copies in my old math department e-mail folders. Here it is, exactly as it was written in an inspired bout of anger and with all the facts fresh in my mind.

Let this serve as a third anniversary commemoration of the victims, and a reminder of why many in Spain will feel let down by Zapatero if, through rookie mistakes, his government falls before the Aznarites lose their grip on Spain's right-wing.

Migeru

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Saturday April 01, 2006 · 1:25 PM PST

2006/04/01 · 13:25

This just in:

Topeka, Kansas (Reuters) - In a stunning reversal, NASA scientists announced today that the Earth is, after all, flat and, in fact, infinite in extent. A visibly embarrassed Nasa Earth Observatory spokesperson explained to a befuddled audience that the discovery came from a reevaluation of the work of 19th Century Italian mathematician Eugenio Beltrami in the light of Einstein's General Relativity and GPS data.

Migeru

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Friday November 25, 2005 · 8:44 AM PST

2005/11/25 · 08:44

Crossposted at Booman Tribune from European Tribune

I got this e-mail yesterday from Ray McGovern, and obtained his permission to redistribute it on Daily Kos, so here it is for your enjoyment.

November 24, 2005
Will the US Seize the Opening for Troop Withdrawal?

By Ray McGovern
The surprising degree of consensus reached by the main Iraqi factions at the Arab-League orchestrated Reconciliation Conference in Cairo last weekend sharply undercuts the unilateral, guns-and-puppets approach of the Bush administration to the deteriorating situation in Iraq. The common demand, by Shia and Kurds as well as Sunnis, for a timetable for withdrawal of occupation forces demolishes the administration's argument that setting such a timetable would be a huge mistake. Who would know better--the Iraqis or the ideologues advising Bush?

Read the rest after the fold. Read More

RSS

Central bankers as economic hit-men

AIG's Goodwill

OPEC blames speculation

Lazy Quote Diary: Evangelicals for Obama

American Civil Engineering

March 11-14 2004: Lessons from Spain

Breaking: NASA admits Earth is flat after all.

Will the US Seize the Opening for Troop Withdrawal?