" have said that DJIA could end up between 5000 and 6000 to select friends," writes Post blogger Edward Troy. "This could happen in the next 12 months. The Fortune 1000 needs to be reviewed, and many of these corporations should be rescued, after decapitating the top level executives and the irresponsible boards that put them in place, after a stimulus that may need to be more than a trillion dollars, with tax deductions on; made in the USA, real estate, education, cogeneration, health care and hiring. The workers (read producers) whether union or not are not at fault when it comes to working."
Post blogger Casey McConnell has a new venture with a super-cool name: Qittle: "Look for text-in opportunities in your favorite magazine..and leave the pages for recycling."
The Common Sense Alliance is continuing to add to the discussion on Mass Transit. The core premise for a Bus Rapid Transit (BRT) system on the Highway 82 corridor is that improved travel times will lead to huge ridership increases. There is no guarantee that one will lead to the other, so the real question is what we should gamble, and on which ideas, to find out.
Improved travel times are supposed to come from a variety of measures, and the Corridor Investment Study (CIS) from 2003 quantified the time savings for different components.
Posts filed under 'Business'
Ever see a really cool competition in a magazine you’re reading.. maybe one that offers a full state-of-the-art, brand new set-up of all the snowboard gear you could possibly need this winter to shred with the big dawgs, or a ridiculously good-looking wardrobe from your favorite fashion house, or how about an all-expense paid trip to laze around the turqoise waters of the Maldives? Easy, right? All you have to do is rip out that page, keep up with it all day in your junk-filled backpack, remember that it’s in there later, then un -crinkle it as soon as you get to an internet-connected computer hoping that the mustard from your leftover sandwich hasn’t faded the ink, and finally log onto that site and enter to win. OR, keep that page with you long enough to find an envelope, correct postage stamp and a mailbox in this day and age of email, SMS and scanning. Yeeaaaa. Not gonna happen. Most likely you come across it 6 months later as you are moving.
But what if.. as you were reading that magazine and dreaming of sharing the prize with your main crush, there was a simple keyword that you could text into a short number and be entered automatically??!! Or if after texting the keyword, the link to the website appeared immediately right there on your phone? Most likely you can click on that link and enter the comp directly from your phone… or at least you will surely have your phone with you the next time you’re surfing the net and can easily recall the message on your phone so that you can go enter straight away. Boom! You’re on your way to the X Games podium, fashionista fame or chillout paradise. Not to mention you’ll be hooked on that magazine for more easy-to-win shwag.
Qittle makes it happen! Look for text-in opportunities in your favorite magazine..and leave the pages for recycling!
By Courtney Smith
November 6th, 2008
Everyone’s heard of the 1929 stock market crash, right? Ticker tape machines spewing prices. Guys in suits opening skyscraper windows and jumping. From the high price of 386 on September 3, 1929 to the low (which followed the infamous Black Thursday, Monday, and Tuesday on November 13, 1929), the Dow Jones Industrial Average (DJI) lost 49.16% of its value. The Great Depression ensued.
When the closing bell rang at the New York Stock Exchange last Thursday, the DJI had lost 39.43% from its high of 14,165.69 in October, 2007. That’s a full year. That’s recession. Last week alone accounted for whopping 21.04% of that loss. But what’s more interesting to me is what happened on Friday.
After Friday’s opening bell, a huge sell off began, plunging the average to a new low of 7884.82. In a matter of a mere seven minutes, the market dropped 683 points. This was followed by a thirty minute rally that pushed the market back up 777 points to 8662.42. By 10:45, the market had lost steam, dropped, and vacillated between 8384 and 7975—a hefty, four hundred point range. This went on until just before 3:00 pm Eastern when a late-day rally pushed the market up 853 points to 8890.85. At that point the market was up 311.66. With just twenty-four minutes left, a 475 point sell-off occurred in just six minutes. The market recovered back into positive territory, but settled down 128 points at 8451.19.
This is what people mean when they use the term volatile to describe trading activity. The market was all over the place, with several-hundred-point up and down moves in a matter of mere minutes.
Had the market remained at or close to its high of 8890, this trading day would have formed what ancient Japanese rice traders called a Hammer, a strong signal for market reversal. As it turned out, when you consider a range of just shy of one thousand points , the day settled very close to its open, thus forming a Rickshaw Man, or Long Legged Doji. If you are, like me, hoping to see a sign of market recovery, this is good news. While not as promising as a Hammer would have been, a Rickshaw Man indicates that the market has lost its sense of direction.
What we witnessed Friday is a market that hit levels that attracted buyers. Based on my analysis, I calculated that level at 7434.36 mark, over four hundred points lower than Friday’s low of 7884.82. I could not be more pleased that I was wrong. Keep in mind that in the short term the market may still go down—and likely will—but I think it’s close to, if not at the end of, this blistering free-fall.
October 11th, 2008
Prior to the stock market crash of 1929, banks let anybody “play” the stock market, from the guy who washed dishes at the local diner to the truck driver who transported chicken feed to the widow in Waukegan raising Rhode Island Reds in her backyard, everybody could play—often with just pennies. Back then, banks would take those pennies, nickels and dimes and combine them all into larger amounts and invest in the stock market. Margins—the amount cash the bank required to invest—were very small, typically less than 10%. If a stock moved in the wrong way a little, investors were asked to put up 10% of the total value of their holding in that stock. No big deal. Confidence was high, stocks were moving steadily upward, and everybody was making money.
Continue Reading September 27th, 2008
By Frosty Wooldridge
By watching America’s financial meltdown, the lunatics took possession of the asylum in the past week. What amazes taxpayers stems from the fact that the people who brought us this “1929 Crash” crisis in 2008, think they can solve it by taking even more money that doesn’t exist! Whether Treasury Secretary Paulson begs for a $700 billion bailout or Mr. Bernanke cajoles Congress—American taxpayers foot the bill. Taxpayers foot the bill like friends buying a bottle of Jack Daniels for a 16 year old alcoholic while giving him the keys to their cars.
Americans enable more corruption, financial anarchy and the cartel of Congress.
I spoke with Colorado economist and humorist Michael Folkerth, author of “The Biggest Lie Ever Believed” with his website www.kingofsimple.com.
“We are living in historic times, ugly history, but history all the same,” Folkerth said. “One of my readers asked me to simplify what is happening with our monetary and banking systems to Mikeronomics.
“In the words of the King of Simple, Wall Street (including banks) had legal gambling debts that were considered too large to cover. Our leadership said, “No problem, we’ll tax the public to pay your debts and you can get back to what you do best; gambling with other people’s money.”
“I have written for years that Wall Street is nothing more than Las Vegas on steroids. They drain the life blood out of American companies to a point of sending them into bankruptcy or moving off shore.
“Once all the damage was done here in the U.S., they have moved their money and investments to such places are Communist China, Korea, Brazil and India, stating that we must compete in a global world. Hogwash! (that is an economic term)
“Our economic woes didn’t materialize overnight; they began around 1970, when our insistence on exponential growth in GDP collided with physics. The monetary system and matter-energy systems no longer balanced.
“The matter-energy system (all that is real and tangible) must balance with the monetary system (the man-made creation of money). This was the case prior to 1970 as can be seen here http://mikefolkerth.com/2008/09/04/growth-debt-and-demise/
“While it is absolutely imperative that these two systems balance, the growth of the matter-energy system is constrained by a finite-physical barrier. The monetary system, being man-made, is not. To complicate matters even further, the monetary system grows exponentially or geometrically, due to the power of compounding interest. These facts make the two most important underpinnings of our economic system incompatible. A condition that cannot long exist; and it didn’t.
“This balance of our two most important aspects of our economic system is a well known requirement. A requirement that has been acknowledged nearly since time began. To keep the man made monetary system from running amuck, it was kept in check by requiring a physical element be provided prior to the printing of currency, that of silver and gold. In this way, a semblance of balance was thus possible. Gold from the finite system was required to match that of the creation of paper currency which is infinite. Good plan!
“Around 1970, that balance was no longer possible. The necessity of creating an exponential growing supply of money to match that of compounding interest coupled with the desire to grow population and GDP, was no longer achievable when constrained by the waning supply (and cost) of the physical check and balance of gold….unless that is, the rules could be changed. Bad plan coming up!
“In 1971, America went off the gold standard forever. Now that the pesky constraint of a physical check and balance for the dollar was removed, money could be printed in ever increasing quantities and resource depletion and population growth were non-issues; temporarily. The wisdom of centuries was thrown out the door in lieu of greed, power, false wealth and trying to fool Mother Nature. We would soon learn that Mother Nature is one mean Mother.
“The massive amounts of paper money that could be produced by simply “monetizing debt” opened the door for some of the most elaborate forms of gambling ever perpetrated on the American people (it was your money in the game). Clever inventions such as “fractionalized banking, credit default swaps, derivative trading, short selling and a hundred other legalized scams brought forth the gamblers, fraudsters and profiteers to shear the willing flock on a daily basis.
“But these gamblers and fraudsters are not the shell game hustlers of the dingy city street corner; these shysters are America’s most elite and shall not be chastised as they have the full backing of the best government that money can buy. Don’t believe me? Look at who is paying the gambling debts.
“However, physics trump human rule makers every time and in the most severe manner. The new system of debt accumulation (rather than balance), lasted a mere 38 years.
“During those 38 years of our ill conceived imbalance with nature, the following has occurred:
1. Our funded National Debt has increased from 371 Billion to the current need for a ceiling of $11.3 Trillion, an increase of 3045% over 38 years, or an average of 80.14% per year. As a benchmark, the National Debt increase for the 20 previous years was 69% or 3.45% per year.
2. The U.S. went from the world’s largest creditor nation to the world’s largest debtor.
3. Oil production in the U.S. decreased by 40% and consumption increased by 40%.
4. The total amount of dollars in circulation has risen from approximately $500 Billion to more than $10 Trillion or a 2000% increase. And backed by what? Taxes!
“To this point, I have been speaking about the funded National Debt. I have not included the unfunded debt or the private debt. America’s unfunded debt (promises made for government retirements, Social Security, Medicare etc.), run the number up to $75.1 Trillion.
“And then there is the private debt of some $42 Trillion which rounds up America’s total debt to $117.1 Trillion. This is equal to $386,091.00 for every child in the U.S. After all, that is who we expect to pay for our exploits against balance is it not?
“The U.S. has reached what I refer to as the “maximum debt level.” The monetary system of debt has become greater than all matter-energy collateral on earth from a balanced perspective. The imbalance has become so great, that just one week ago; our entire monetary system nearly collapsed…and should have. And will!”
Mike Folkerth offers a short-course in economics. Our president remains clueless and the corrupt ‘Cartel in Congress’ bows to the corrupt Federal Reserve while we pay the bills.
One of my sources said realtors, mortgage lenders and the like provided no-down-payment to some five million illegal aliens and minority poor without any investigation as to their identities or ability to pay their monthly mortgages. With nothing invested, they lived in those homes long enough to skip out when the bankers chased them down for not paying their mortgages.
Who holds the bag and ultimately pays for all that corruption? You do! As more millions from Mexico moves into the USA, the more we imitate Mexico. Corruption becomes the norm! Yippee ki yea!
##
To take action: www.numbersusa.com ; www.thesocialcontract.com ; www.fairus.org ; www.Capsweb.org ; www.vdare.org ; www.proenglish.org ; www.alipac.us ; www.firecoalition.com ; www.patriotunion.org ; www.illegalimmigration.com
Become a member of “Frosty’s Press Agent Corps” whereby you volunteer a few hours to send out emails to top TV and radio hosts to offer top speakers on America’s overpopulation crisis driven by unending immigration. Email frostyw@juno.com and receive two informational letters showing you exactly what to do.
Bob Woodruff of ABC asked input from all citizens concerning the future of our planet. Go to www.earth2100.tv for a sobering reality check as to what we face and to what I have been writing about for the past 20 years. Our ‘window’ to change to a balanced population and non-polluting energy diminishes every day we listen to irresponsible media and thus ignore the blatant symptoms manifesting all over America and the planet.
Subject: FW: What America faces with adding 100 million people
Roy Beck's "IMMIGRATION BY THE NUMBERS" is the single best educational appreciation of America's future if we allow ourselves to add another 100 million people. Just click on this site for the most sobering experience of your children's future.
http://video.google.com/videoplay?docid=4094926727128068265&q=roy+beck&hl=en
Roy Beck gives a graphic presentation of our fate if we continue to allow legal and illegal immigration to swamp this country. If you have children, you will be particular unnerved at their fate. I know Roy Beck personally and his integrity and knowledge stand at the top. Pass this web site 14 minute video far and wide across America to educate everyone you know. We either stop this human tsunami or the future of this country will be much like Rome's. We must, as a nation and a civilization, move to secure our country from this massive, unrelenting population overload from a line that never ends. This will be the most compelling 14 minute video of your life.
Once you see it, go to my web site for action items www.frostywooldridge.com and join www.numbersusa.com to become a weekly faxer of pre written letters and join the phone calling teams.
Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece. He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at www.frostywooldridge.com
From: Frosty Wooldridge
This three minute interview with Adam Schrager on “Your Show” May 4, 2008, NBC Channel 9 News, addresses the ramifications of adding 120 million people to USA in 35 years and six million people to Colorado as to water shortages, air pollution, loss of farmland, energy costs and degradation of quality of life. In the interview, Frosty Wooldridge explains the ramifications of adding 120 million people to the USA in 35 years. He advances new concepts such as a “Colorado Carrying Capacity Policy”; “Colorado Environmental Impact Policy”; “Colorado Water Usage Policy”; “Colorado Sustainable Population Policy”. Nationally, the USA needs a "National Sustainable Population Policy" to determine the carrying capacity of this nation for the short and long term. Wooldridge is available for interviews on radio and TV having interviewed on ABC, CBS, NBC, CNN and FOX.
Click the link to view the 3 minute interview with NBC's Adam Schrager:
http://www.9news.com/video/player.aspx?aid=52364
Frosty Wooldridge
www.frostywooldridge.com
September 25th, 2008
It’s all action-focused, forcefulness. I’ve changed a lot since then. There are so many different ways to go about being fulfilled. I grew up in a home with very competitive athletes. My sister is a professional windsurfer, my brother is on the U.S. Sailing team, an Olympic athlete. I didn’t perform at that level. So that’s all I knew. How to go about it all the way.
Continue Reading May 5th, 2008
The news that the Wheeler Opera House will be home to a new comedy festival this Memorial Day is great news for Aspen, if not quite as good as the possibility that HBO might one day return for the U.S. Comedy Arts Festival (USCAF).
The Aspen Rooftop Comedy Festival is coming in a partnership between the Wheeler Opera House and the Rooftop Comedy operation based in San Francisco.
Continue Reading May 1st, 2008
When I saw the book “Print Is Dead: Books In Our Digital Age,” my great fear was that Jeff Gomez had found out the great secret I have been carrying around for fifteen years in hopes that nobody would find me out.
Fortunately for me, Gomez—an Internet marketing executive for a book company—made his way through his fascinating dissertation with many compelling observations of his own, though without coming close to my conclusion about the future.
My secret is safe for a few paragraphs more.
Continue Reading April 17th, 2008
Why is there always a bandwagon leap of arrogance and hypocrisy when the Olympics roll around? It seems one or more countries have a group of activists who have been training almost as long as the athletes themselves when it comes to diverting the attention of the Games to a political arena, if not a self-indulgent one for their own agendas.
As a former Olympic hopeful, spending six years on the United States Shooting Team traveling around the world to compete, I get a little irascible when the talk turns to boycotting the Olympic Games. Why isn’t the boycott a daily issue with everyone who feels it necessary to disrupt the Olympics, directed toward nearly every retailer in the country who offers goods made in China? Where are the demonstrations at the doors of Wal-Mart or Dell Computers?
Everyday in this country millions of people are spending money on toothpaste, pet food, laptop computers, Black and Decker tools, clothing, toys, baby strollers, cosmetics, electronics and more; all made in China, and yet without any fuss or hesitancy whether they are sanctioning China’s actions by making their purchases. So why are the Olympic Games the biggest attention getter for the boycotters? How will a boycott affect American companies operating in China? Wouldn’t we be shooting ourselves in the foot?
President Bush boycotting the opening ceremonies would be the same as any of us attending a birthday party for someone, but refusing to eat the cake because you don’t agree with the person’s politics. Isn’t this where the phrase ‘you can’t have your cake and eat it too’ came from? If not, perhaps it should have new meaning now.
I disagree with the idea of boycotting the Games. I am not naïve enough to wax poetic on the main purpose of the Games as ‘competing in harmony and peace with all nations, setting aside our personal beliefs for sixteen days.’ There are too many people with their hands in the coffer for that kind of simple certainty. I do believe though that each athlete should have their chance at competing, no matter where the Games are held or what that country has done to another. I believe that Tibet should have its freedom and independence, and no longer suffer from the inhumane treatment of China. But boycotting the Olympics isn’t going to change one damn thing for Tibet. Thinking it will is foolish.
Bill Clinton gave (i.e. sold) China permanent favored nation trading status. Will a boycott of any kind for any duration change any of that? Of course it won’t. So just exactly who would be affected by a boycott? Most certainly the athletes who have trained for years for this one chance will be affected. Did our boycott of the 1980 Olympics in Moscow cause the fall of USSR eleven years later?
My advice is this: boycott on an individual level if you feel strongly about an Olympic boycott. If you want to try to change the ways of China, try to find a retailer who does not offer even one item in their store with a Made In China tag on it. Good luck with that. Buy Only American. Block NBC from your remote control. Send Bill Clinton an “Up Yours” card on recycled paper made in America from trees clear-cut in Oregon.
Can you see the futility in a 16-day action that revolves around the Olympics?
Let the Games begin.... without the disruption of politics. Wouldn't that be a nice vision for a brief sixteen days?
Waiting reluctantly on the beach of Lincoln City, Oregon...
April 13th, 2008
When Microsoft's Bill Gates appeared this month before a congressional committee demanding a doubling of the current (65,000) caps on high-tech H-1B visas, you might have thought the committee members were celebrating the Return of the Messiah the way they fell all over themselves singing praise, adoration and love for the mega-billionaire. Of course, those of us who know those very members are beneficiaries of the hundreds-of-millions of dollars spread around the congress by IT industry lobbyists, it make sense the "law makers" would be Gates' slobbering adorers.
To hear Gates tell it, the U.S. has a "shortage crisis" in IT workers and if he had his way, there would be no limit on the number of the coveted H-1B visas.
Continue Reading March 26th, 2008
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