Where Progressive Thinkers and Truth Seekers Gather to be active Public Citizens and Peacfully Pursue Social Justice and engage in conversation and debate about Truth about Government and the Economy and Investing and where Freedom, Justice, Equality and Fairness aren’t just slogans but foundational Principles of Free and Humane Citizens who care about their brothers and sisters on this Earth. Civil Debate and Solution oriented thinking and educational resources and an intellectual community are welcome here. This is designed to be the ultimate town hall and resource for information and education and opinion to counter balance the increasingly homogeneous establishment news media and spin. In the spirit of JFK, RFK and MLK, this site seeks the path of peaceful resistance to injustice and the pursuit of freedom, justice, social justice and the Spirit of the real America.

Two Republican congressmen defend U.S. spying abroad - Reuters 10/27/2013

By Aruna Viswanatha and Anna Yukhananov

WASHINGTON | Sun Oct 27, 2013 12:50pm EDT


Reuters reports -

Mike Rogers, chairman of the House of Representatives intelligence committee, said much of the public information on those efforts, including allegations that the U.S. National Security Agency had spied on millions of French citizens, was misguided.

Jamie Dimon is "Damn Proud" again! From the Guardian 10/23/13

"I am so damn proud of this company. That's what I think about when I wake up everyday," Dimon told CNBC in an interview that aired on the Squawk Box show, adding: "260,000 people around the world are doing a great job for our clients. We're gaining market share. We're doing great stuff. We're trying to get our problems behind us." Jamie Dimon, JPM Chase CEO.

Insiders who worked on US health website describe high stress, complaints about major problems – AP 10/22/2013.

From The Newser website comes the above referenced article.

From a family member comes this supplementation a week ago -

Only one out of 297 applicants was accepted by the computer in an early try here in Florida, and, the response was inadequate. The complaints -

  • Not enough information provided to form a decision, and,
  • Neither Doctor’s offices nor insurance companies are equipped to respond to queries on the new insurance at this time.

In such a confused situation a large segment of uninformed, helpless people will be victimized.

Irrational Expectations and Stock Market Performance, October 16, 2013

In a copyrighted article by Rodrigo Campos and Julia Edwards appearing on Reuters

Wall Street turns to fundamentals, and the picture sours

some astute observations are advanced.

First, the default/debt ceiling cliff-hanger has been sidestepped temporarily by passing it along to someone else to resolve.

October 11, 2011 - System Under Fire, Stock Market Soars

JPMorgan posts first quarterly loss under Dimon From The Chicago Tribune Oct 11, 2013.


Last year, JPM reported a profit of $5.71 bn.
This year profit would have been $5.82 bn.
Legal expenses are $9.2 bn - $7.2 bn after taxes.
Additionally, the Q3 loss reported is $380 million.

generating the alleged violations are:

  • bribery paid in the form of JPM hiring offspring of Chinese execs of Chinese state firms;
  • fraudulent sales of mortgage securities; and,
  • fixing interest rates.

Moving along the History Timeline in Search of the Elusive Viable Theory of Business Cycles. 003b

The next significant milestone study along that timeline was delivered courtesy of a French Economist, Josef Clement Juglar (1819-1905) with two editions of his study: the first, 1860; the second, 1889.

Headlines focus on US Government shut-down, with no reassurance in the small print.

Reuters, as usual, pointed out a series of concerns today.

The UK, through its super prosecuting agency, the Serious Fraud Office, has a new line-up of suspects which supports the reasonable suspicion that the conspiracy was more than a one or two man job.

October 2, 2013 Outlook through the Looking Glass

Today's global political and economic balance beams have good and bad:

The government shutdown will continue to test the US Economy adding to the problems of jobs and suspect bank stability.

Evans-Pritchard Lets the Cat out of the Bag! Jobs, Jobs, Jobs Evaporate!

Fed recoils from 1937 tightening error as jobs evaporate

The American economy has shed 347,000 jobs over the past two months, roughly comparable with the rate of loss seen during the Great Recession. It is remarkable that the US Federal Reserve should even have been thinking of phasing out life-support in such circumstances.


In Whose Watchful Care Are We Entrusting The Fed?

Pros and cons of Obama's choice for the Fed's Chairmanship reveal too much about either the man presiding over the choice or those behind-the-scene powers forcing the choice.

A Bypath on the Road to Evolution of Economics As a Science: 003a

Adam Smith set the limits of early economic study with his title, "The Wealth of Nations". It stimulated the interest of wealthy intellectuals who then proceeded to expand and refine Smith's basic provisions for the "new science". "Wealthy intellectuals" is advisable in view of the comfort of people like Richard Cantillon and David Ricardo, who acquired tens of millions then retired to a life of contemplation and intellectual endeavors. Their study was centered on Wealth, not fiscal policy, welfare of a nation, or the success or failure of menials.

Dow Takes a Sudden Unanticipated Improved Outlook Overnight!

There's always more than one way to boost confidence in the economy to prove that business is improving if not booming. The Dow has reverted to a tested and proven formula - replace the under-performers who drag indices down.

Goldman Sachs will replace Bank of America;
Visa will replace Alcoa; and,
Nike will replace Hewlitt-Packard.

Florida's Blue Cross/ Blue Shield Forthcoming Conversion from Not-For-Profit to For Profit

As a sign of the times, a Florida Mutual, Not-For-Profit insurance company is converting to a For Profit operation September 13th, 2013 - The Mutual Insurance is becoming a private Holding Company. With that conversion, $1.6 billion dollars of assets will be transferred from the old mutual firm to the reorganized firm without compensation to the membership, whose surplus premium payments made possible the accumulation of wealth transferred.

MId-day 8/30/2013 Before the Holiday Weekend. . .

Current figures, which seem to be subject to whimsical revisions, paint a confusing picture of the US economy - now and for the next few quarters.

Entry for August 29, 2013 - an Editorial on an Editorial

Mohamed El-Erian is an outstanding, accomplished man.. O&G considers those among us outstanding in their accomplishment who can analyze a critical situation and determine corrective action to benefit the "general welfare of the nation". The one element he may lack to keep him from the ascending to the absolute top tier of outstanding accomplished persons in US history is a public office which would empower him to put into operation the corrections needed to put us on the road to recovery.

Placed in support of this accolade is his entry in today's Guardian

A Legislative Short-Coming Surfaces

JPMorgan was fined in an unspecified number of charge card cases.

NYTimes reported on this.

A Shift in Equity Markets in the Works

Just in time to take advantage of the Nasdaq 3-hour misfortune last week, two smaller exchanges have sealed a deal to merge creating an enterprise larger than Nasdaq with exchanges now in operation in the US and Europe and plans to expand to Brazil.

Short Market Outlook for Tuesday, August 27, 2013. . . to MId-October.

At 9 AM today 8/27/13 -

  • Dollar, except for the Swiss franc and the Japanese ¥, is up;
  • World market indices are overwhelmingly red;
  • Bloomberg futures show three figure drop in Dow Industrials; and
  • Yesterday, the US Treasury Secretary predicted our cash box would be unable to meet its mid-October obligations.

Looking Beyond Today's Market Performance

Reuters' contributions this AM, preparing for market opening, presents a less than promising picture.

More Reuters Releases on US Spying.Activity

To those able to enjoy a weekend away from TV and newspapers, have ignored the upsetting events and might feel in need of updates of what our government has been up to:

8/20/2013 Early Report - Following Monday's Red-Number Dow performance

Some news teaser headlines from Reuters Tuesday, 8/20/2013 -

Reuters Article Implies Optimism in re Yesterday’s “Sell-off”

Stock futures tick up after Wall Street selloff

NEW YORK | Fri Aug 16, 2013 7:58am EDT

(Reuters) - Stock index futures edged higher on Friday, after the largest decline on Wall Street in nearly two months a day earlier set major indexes on course for their first back-to-back weekly declines since late June.

Investors are concerned the economic recovery is slower than they had hoped as corporate revenue growth has disappointed even as company bottomlines have hit the mark.

Current news 8/15/2013 - and comments.

The nearest to an exciting headline on the Reuters site is an observation on Euribor rates, Euro Union’s equivalent of LIBOR.

SEC issues an Alert to Market Risk Takers. . . Mostly Brokers and Big Players.

A compendium of several subjects, publications and developments over the weekend.

An Editorial: Tight path before us. . One slip, and. . . Or, is it already too late?

Random cast-net type of data collection via unjustified intrusion is the first step to Censorship. It also directly serves to intimidate and restrict thought and control the printed word. A heavy blow against the concept of liberty.

Wall Street 8/9/2013 - Will the Pros Pull This One Out?

At 11:26 AM today, the Dow was down 128 points and perhaps a minute later, on leaving the site, the number -138 popped up.

theGuardian is now the focal point for NSA's indiscretions

TheGuardian now has a third major area attached to its attention getting banner. . . NSA files!

theGuardian Informs of Futile Efforts by Congressmen to Investigate NSA Domestic Spywork

theGuardian, in an article by Glenn Greenwald, has published letters and emails that passed between 2 Representatives and the House committee on Intelligence.

The news according to Reuters Tuesday, July 30, 2013

Reuters opens our day with a ditty worth comment.

U.S. says JP Morgan manipulated market; settlement seen

Then follows up with some other promises for the festival.

The Fed received an OK from the SIFMA. . . OK to Raise Interest Rates in September! We're Now Geared for It.

Analysts Target September for Fed Tapering

By Hal M. Bundrick

NEW YORK (MainStreet)--A slow and steady course of improvement is forecast for the U.S. economy, according to the Securities Industry and Financial Markets Association's (SIFMA) Economic Advisory Roundtable. The analysts expect the economy to grow at a rate of 1.7% for the full-year 2013 and 2.6% in 2014.

Syndicate content