Day: August 3, 2007

MONEY: Ninja loans

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http://www.economist.com/business/displaystory.cfm?story_id=9587542

The credit squeeze
Abandon ship
Aug 2nd 2007
From The Economist print edition
Investors sail into a credit storm amid worries about the debt markets

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Bank executives will be haunted by memories of Ninja loans (to people with No Income, No Job or Assets) and Pik toggles (agreements that gave firms the right to pay interest in the form of further IOUs rather than cold, hard cash).

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Now there’s a term I never heard before — ninja loans!

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RANT: Who keeps the police, bureaucrats, and politicians under scrutiny?

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http://www.nbc11.com/news/13805507/detail.html

Police: Masked Gunman Kills Veteran Oakland Journalist
POSTED: 8:37 am PDT August 2, 2007
UPDATED: 8:01 pm PDT August 2, 2007

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OAKLAND, Calif. — Veteran journalist Chauncey Bailey, who recently was promoted to be editor of the Oakland Post, was fatally shot in downtown Oakland just before 7:30 a.m. Thursday in what appears to be a targeted shooting, according to an Oakland police spokesman.

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I think this is a “We the People” issue. More so than even when one of “our” police are “resisted”, journalists occupy a special place in the “People’s Pecking Order”. Who keeps the police, bureaucrats, and politicians under scrutiny?

I suggest that this is a matter for everyone to be concerned about.

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RANT: Some people get it

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http://www.telegraph.co.uk/opinion/main.jhtml;jsessionid=SRSBFTUMBBYK5QFIQMFSFFOAVCBQ0IV0?xml=/opinion/2007/08/02/do0201.xml

Posted by Carl P on August 2, 2007 5:28 PM

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I live in South Korea now and I have to say that
JohnT has a point.

In Korea, there is no welfare state and in Seoul
there is little or no crime. People respect the
property of others.

The young kids know that stealing will result in
a prison sentence and after that they will be
unemployable for the rest of their lives. No job,
no life, basically homeless.

Their families will reject them and never talk to
them again and their peers will forget they ever
existed.

It has taken me almost 40 years to realise that
the biggest mistake in our country’s history is
the welfare state. It has led our young into a life
that will always be supported and encouraged no
matter what crimes they commit.

Just think James Bulger – the poor innocent little
boy disgustingly killed at the hands of young
teenagers – what are the killers now? living a
normal life at the hands of the state with a new
name and life. What is happening to James
Bulger’s life? … forgotten

I know this is extremism at is most right wing,
but I suggest the welfare state be disbanded and
people become more responsible for their
actions.

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It seems so simple. Force is the root of all evil.

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INTERESTING: a firm position against the Iraq War

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http://www.liberty-watch.com/volume03/issue05/coverstory.php

RON PAUL REVOLUTION
BY JARRET KEENE

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The new face of the freedom movement is Texas Congressman Ron Paul. The credit mostly goes to the Internet for having brought this principled politician into the light. And Paul is perhaps the only individual for whom “principled politician” isn’t an oxymoron. Among nontraditional campaign contributors online, Paul is the Republican presidential frontrunner, having outpaced Sen. John McCain in fundraising. While the mainstream media continues to blackout Paul, he’s setting the Internet ablaze with a firm position against the Iraq War, against taxes and against big government. Ultimately, more and more people every day are saying yes to Dr. No. (Paul earned the nickname because he is a physician and for voting against any and all tax increases, and against any legislation that expands the federal government’s power as a House Representative.)

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I think that’s re-love-ution!

:-)

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