The most fundamental, essential element, without which any community would fail, boils down to interpersonal skills. The glue that holds any group together is the ability to put aside your own personal ego at times, and to recognize that you have to look out for other people.
– Albert Bates
Archive for October, 2008
Bailout Funds Being Spent in Ways Congress Never Foresaw
McClatchy (30 Oct 2008)
Bernanke Says the U.S. Needs to Maintain a Role in Mortgage Securities
Wall Street Journal (1 Nov 2008)
GMAC Aims to Become Bank, Tap U.S. Treasury for Cash
GATA (30 Oct 2008)
Fed Opens Up Another Pocket For AIG
Forbes (30 Oct 2008)
Upcoming Gold Default
Financial Sense (30 Oct 2008)
Goldman Turns Blind Eye to Chaos as New Partners Step Up to the Plate
The Telegraph (31 Oct 2008)
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A Rate of Zero Percent From the Fed? Some Analysts Say It Could Be Coming
NY Times (29 Oct 2008)
A Question for A.I.G.: Where Did the Cash Go?
NY Times (29 Oct 2008)
Post-Enron Crackdown Comes Up Woefully Short
Wall Street Journal (28 Oct 2008)
Markets Didn’t Think Much of Fed’s Rate Cut
NY Post (30 Oct 2008)
Fed interest rate cut may end up making matters worse
The Telegraph (30 Oct 2008)
Will inflation take care of your debts?
The Telegraph (30 Oct 2008)
Goldman Sachs ready to hand out £7bn salary and bonus package
The Daily Mail (30 Oct 2008)
Adjusted Monetary Base Now Going at 341%
Federal Reserve Bank of St. Louis (23 Oct 2008)
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Ryan Says Treasury to Need ‘Unprecedented’ Financing
Bloomberg (28 Oct 2008)
Dollar Dips Before Rate Decision
Wall Street Journal (29 Oct 2008)
U.S. Treasury Shuns Banks That Need Cash Most
Bloomberg (29 Oct 2008)
Oil’s Slide Threatens Future Supply
Wall Street Journal (29 Oct 2008)
Iceland Raises Key Rate by 6 Percentage Points
NY Times (28 Oct 2008)
US Consumers Stop Spending Amid Worries Over Jobs and Homes
TimesOnline (29 Oct 2008)
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Europe on the Brink of Currency Crisis Meltdown
The Telegraph (26 Oct 2008)
IMF May Need to ‘Print Money’ as Crisis Spreads
GATA / The Telegraph (27 Oct 2008)
GM Speeds Hat in Hand to Treasury
NY Times (28 Oct 2008)
GLG Chief Emmanuel Roman Warns Thousands of Hedge Funds on Brink of Failure
The Telegraph (24 Oct 2008)
Australian Dollar Sinks Towards $.60 Cents
Herald Sun (28 Oct 2008)
Downturn Clobbers Public Pension Funds
Washington Post (28 Oct 2008)
Goldman Chief Cought Citi Tie-Up Talks
Financial Times (26 Oct 2008)
The Debt Trap: How Banks Push Troubled Borrowers Deeper Into Debt
AlterNet.org (24 Oct 2008)
Tough Times: Congress Grew 13 Percent Richer in 2007
McClatchy (28 Oct 2008)
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So When Will Banks Give Loans?
NY Times (24 Oct 2008)
Morgan Stanley Propped Up Money-Market Funds With $23 Billion
Bloomberg (27 Oct 2008)
Goldman Called Citi for Merger in September
Reuters (27 Oct 2008)
U.S. Has Plundered World with Dollar, Chinese State Paper Rages
GATA / Reuters (24 Oct 2008)
Taiwan Dumps Fannie, Freddie. And Uncle Sam?
Barrons (24 Oct 2008)
G7 ‘Preparing to Drive Down the Yen’
The Times (27 Oct 2008)
Central Banks Poised to Act Against Market Panic
GATA (26 Oct 2008)
UK Pensions Slump by 28 Per Cent in a Year
The Telegraph (27 Oct 2008)
Broken Securities Industry Still Has $20 Billion to Pay Bonuses
Bloomberg (27 Oct 2008)
States in Trouble Due to Economic Downturn
Center on Budget and Policy Priorities (24 Oct 2008)
State Revenues Plummet - July-September Revenue Numbers Are Worst in Years
Center on Budget and Policy Priorities (27 Oct 2008)
Homeland Security Assuming Broad Powers, Turning Vast Swaths of U.S. into “Constitution-Free Zone”
ACLU (28 Oct 2008)
To Our Government: Cut It Out Now
denninger.net (28 Oct 2008)
Judge Rules Ohio Homeless Voters May List Park Benches as Addresses
Columbus Dispatch (28 Oct 2008)
Gun Sales Thriving in Uncertain Times
MSNBC (27 Oct 2008)
Here’s a live wire coming through the global information grapevine –
Last night I blogged here about Eric Wagoner’s incredible LocallyGrown.net, a stunningly simple software solution to the challenges of Traditional Farmer’s Market’s, Community Supported Agriculture (CSAs), & Buying Clubs.
The ethanol team at the Financial Permaculture conference is amazing. I was in their session last night led by Pat Therrien who manages to combine encylopedia-like knowledge with a sense of humor. She also has sympathy for people like me who don’t understand every third word as she explains the opportunity for farm communities in both ethanol and biodiesal.
We will be posting Pat’s handouts and materials this coming week.
Albert Bates is the permaculturalist assigned to the team. He started talking about biochar. He said it was really, really important to learn about it. And so that is what I am going to do. Albert suggested that we start with the wikipedia entry here.
This Tuesday evening, November 4, Catherine Austin Fitts will be on Coast to Coast AM Radio with host, George Noory, to discuss the 2008 Presidential election. The show starts at 9PM Pacific Time. Get the details…
View Catherine’s slide show on Financial Ecosystems here.
Also review Catherine’s handout: Starting and Financing a Business Checklist (1).
Here is the Ethanol Project Development Checklist, as well.
View Simulation #1 datasheets here: Excel spreadsheet.
Financial Permaculture Chautaqua?
Tonight, Liora Adler, Andy Langford and Albert Bates gave a presentation on Transition Towns. Andy reviewed his estimates of what happens to the local economy each year in Lewis County as all the young people leave to go to college or work elsewhere. He estimated an annual loss to the economy of $8.5MM a year and then extrapolated what was happening to areas all around the world as the financial centers, corporations and large universities that feed them ”harvest” the best and the brightest. He explained how this brain drain was part of the inspiration for Liora and he to start GAIA University.
Continue reading ‘Financial Permaculture Chautaqua?’