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Month: September 2008

You own us more money , already

You own us more money , already

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Just one thought about the Henry Paulson ‘TARP’ plan.

That the plan has yet to be fleshed out, it assumes mortgages will fail…

Can’t those consumers who believe themselves to be ‘sub-prime’, those fallen 3 months behind with payments, already threatened with foreclosure… just take this as a carte blanche not to pay?

Can’t those who are able to pay just choose to default?

Given the choice I know I would rather default and pay tax, which raises questions about the whole scheme.. threat.. and general confusions ruling.

We need to move toward transparency. The rating agencies are to blame for this whole debacle.

We are all equal – Some of us are more equal than others

We are all equal – Some of us are more equal than others

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A toxic dumping ground for bad debt. Banks offload their debts for taxpayers to pick up the tab.

As the FED has borrowed close to 1 Trillion (900 Billion) to directly the markets.
They’re setting up a root and branch analysis addressing the root problem, Bad Debt.

In this new plan being mulled over by the FED, banks are encouraged to disclose and dump their bad debt.

A provision is set up in Government. This toxic funding area is paid for by the taxpayer.

Post Idealist Socialism

This is the new socialism, bridging the barriers between rich and poor.

It’ll be better for us all in the long run…
and luckily Bush is moving house in November so the toxic shock of the massive favours he’s pulling for his friends in the ‘elite’ won’t be felt ’till then.

Communism by the back door

It’s time to draw the line. Business and state should not be mixed. Taxpayers should not foot the bill for businesses where they have no interest.

Full stop.

Miracle on Wall Street

Miracle on Wall Street

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The financial markets witness the largest series of events this century and the Wall Street Stock exchange rallies.

This is truly a miracle…

down FTSE 100 Index -178.60 -3.43%

down AEX Amsterdam Index -13.84 -3.59%

down DAX Index -98.99 -1.63%

down CAC 40 Index -81.57 -1.96%

down Nikkei -605.04 -4.95%

down Hang Seng -1,052.29 -5.44%

down Shanghai Composite -93.04 -4.47%

up Dow Jones Industrial Average +141.51 +1.30%

It’s official – Google owns everything

It’s official – Google owns everything

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Seems that one of the richest companies in Silicon Valley is having trouble finding lawyers to correctly T & C it’s latest browser release, Chrome.

Deep in the User Agreement, which all you downloaders have signed up to ,is something which we suspect Google has been doing all along. This just proves us right.

So here it is in black and white and from the Google-Horse’s mouth.

 

By submitting, posting or displaying the content, you give Google a perpetual, irrevocable, worldwide, royalty-free and non-exclusive license to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Content that you submit, post or display on or through the Services. This license is for the sole purpose of enabling Google to display, distribute and promote the Services and may be revoked for certain Services as defined in the Additional Terms of those Services.

Thanks to the US firm of lawyers acting on Google’s behave for the head’s up on that one.

Google currently refuses to display a valid privacy policy from it’s front page in breach of US federal law.

Marriott Blog worth $5 million

Marriott Blog worth $5 million

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In additional clicks the company, one of my favourite world-wide hoteliers, tells us.

A conversational blog by it’s founder and CEO Bill Marriott ranks amongst a list of 15 blogs (by sitepoint) where the corporate’s have got it right.

Here’s a picture from my favourite Marriott, Marriott Jordan Valley. Cheap, and great breakfast, I’d recommend it to those visiting the ruins who can’t get bookings at the Movenpick (founded by relatives of the Swiss Explorer who discovered the ruins and in the ideal situation).

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Jordan Valley @ dawn