Category Archives: North Korea
Kim Jung Il’s life: a soliloquy in lunacy and madness.
Often the sages admonish
Oh Death, be not so proud
A tender soul’s last wish
The welfare of others be allowed
Death unkind, strikes indiscriminate
History records with only a wretched few
Death comes not soon enough to elate
The drop of his miserable carcass in its tomb
The New Sovereign Investment Fund of Libya or of Colonel Qaddafi, there is no distinction in the money funds of Libya or Qaddafi, invested $1.3 Billion with Goldman Sachs; the bank used the funds on stock options at a variety of international banks and a collection of currency bets. Two years later, the Libyan fund had lost 98% of its value and was worth only $25.1 million.
Officials of Libya’s sovereign wealth fund were upset with Goldman Sachs and accused them of malfeasance; mainly, for making trades without authorization and misrepresenting investment deals.
In Sept, 2008, I penned the post, the US Economy: A Perfect Storm of Housing and Lending Events. This overview of how we managed to bring ourselves to the precarious cliff of a failed economy revealed it was not a single issue, but a combination of many events – including political pressure on lenders for homeownership, relaxing of GSE lending criteria, regulation/deregulation, and profit motivation by financial institutions – leading to an out of whack supply vs demand, driving up housing values to unsustainable and dangerous levels.
It never crossed my mind that financial terrorism could be another element to be factored in. So when the WA Times wrote of an unclassified Pentagon report by Kevin D. Freeman, my head perked up.
The People Of The Stables The race track is a world within a world. It can be a dangerous place, injuries and death happen all too frequently, but you can make dear friends at the track; especially, if you work … Continue reading






