In Search of Understanding

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Thursday April 30, 2009 · 1:41 PM PDT

2009/04/30 · 13:41

I am writing this diary in order to seek clarity and a greater understanding of a developing H1N1 influenza situation for my family and community here in the greater Memphis area.

I fully appreciate that a good diary is usually much longer and includes links and blockquote's where appropriate. However, this subject is a bit different so I am also requesting a bit a leeway from the good folks here. Thanks!

Poll

8 votes Show Results

What should I do?

8 votes Vote Now!

What should I do?

Keep my kids home from school.

0 votes

Demand a copy of the school's influenza plan.

2 votes

Request a meeting with the school's principal.

0 votes

Address my concerns to the county health department.

1 vote

All of the above.

4 votes

Cill out pops, the school did the right thing.

1 vote

Modern Conservative/Liberal differences great and old

paul94611

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Saturday March 14, 2009 · 4:57 PM PDT

2009/03/14 · 16:57

Many of us here have been engaged in long running exchanges, some of them solicited with conservatives. Many of these have been well documented here and I have found that most of the conservative E-Mails appear to be as deficient as this item that appeared today in my mail. In the interests of inclusiveness I have also included my response.

paul94611

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Thursday February 05, 2009 · 10:58 PM PST

2009/02/05 · 22:58

This is the second diary I have written concerning the troubles at News Corp with the first published back in November when the news leaked out that Rupert Murdoch was in trouble.
http://paul94611.dailykos.com/

Today we gain a clearer picture of the condition of News Corp and the money it is losing.

"Grim", to borrow Rupert Murdoch's adjective, about sums it up. News Corp capped off a miserable week for media companies, with Time Warner and Disney posting disappointing numbers. Admittedly, in reporting a $6.4bn second fiscal quarter net loss, News Corp had some particular problems. A $2.8bn writedown to goodwill acquired through 2007's $5.6bn deal to buy Dow Jones hurt results, along with $5.6bn of other writedowns - primarily to the value of broadcasting licences.

http://www.ft.com/...

paul94611

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Thursday January 15, 2009 · 12:18 PM PST

2009/01/15 · 12:18

CNBC is reporting and I will add the links as they become available that the Federal Reserve, FDIC and the Treasury Department will provide 100-200 in fresh guarantees to help keep Bank of America from imploding. This new program is reported to follow the Citi deal from November. That deal included 300+ billion in loan guarantees, 25 billion in direct cash infusion and other measures from the federal reserve in swapping so called toxic assets for treasury bills.
http://www.cnbc.com/

UPDATE: Here is the link to the follow up by CNBC. The extracts follow at the end of the diary.
http://www.cnbc.com/...

And here is the link to the video of the announcement on CNBC.
http://www.msnbc.msn.com/...

And here is a lead in from earlier today.
http://www.msnbc.msn.com/...

paul94611

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Tuesday December 09, 2008 · 7:16 AM PST

2008/12/09 · 07:16

This morning we learn via Bloomberg that the Chairman of the Federal Reserve, Ben Bernanke has through recent actions including an announced $600 billion effort claimed executive power over the presidents of the regional federal reserve banks rendering these presidents nearly powerless over his policy decisions in a serious and wide ranging departure from established norms.
http://www.bloomberg.com/...

paul94611

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Thursday November 20, 2008 · 5:14 AM PST

2008/11/20 · 05:14

As I wrote at the market close yesterday here in the US there had been some significant action in the world financial markets. Here is what was said then:
The whole idea of the bail-out or TARP program was supposed to be to purchase distressed assets from banks. When this program was announced and finalized there was a big rally in fixed income assets "bonds & securities". Now that Treasury Secretary Paulson has made it clear that he will only do direct injections of capital into banks and will leave the remaining 350 billion for the Obama administration the bond market for everything except treasuries has frozen once more. The impact upon financial stocks and those stocks especially exposed to the financial turmoil has been nothing short of breathtaking.

Todays unemployment numbers turned up much worse than expected with the number expected to drop to 505K and climbed instead to a much higher than expected by 27K to 542K. recessionary levels are typically reflected by levels over 400K per week.

Update:
This morning headline says it all.
Bond Risk Soars to Record as Markets Return to ‘Crisis Mode’

More below the fold.

paul94611

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Wednesday November 19, 2008 · 2:54 PM PST

2008/11/19 · 14:54

The whole idea of the bail-out or TARP program was supposed to be to purchase distressed assets from banks. When this program was announced and finalized there was a big rally in fixed income assets "bonds & securities". Now that Treasury Secretary Paulson has made it clear that he will only do direct injections of capital into banks and will leave the remaining 350 billion for the Obama administration the bond market for everything except treasuries has frozen once more. The impact upon financial stocks and those stocks especially exposed to the financial turmoil has been nothing short of breathtaking.

paul94611

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Friday November 14, 2008 · 2:23 AM PST

2008/11/14 · 02:23

In news today from the Financial Times European businesses that insure the suppliers of parts to GM & Ford factories in Europe have stopped providing the insurance necessary for GM & Ford to obtain parts & services on anything other than a cash basis.

paul94611

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Monday November 10, 2008 · 12:15 AM PST

2008/11/10 · 00:15

The Federal Reserve refuses transparency as lending surpasses 2 trillion according to a lawsuit recently filed November 7, 2008 by Bloomberg while their Freedom of Information Act request remains unanswered.

For those of us unaware of the who, what, where, when, why & how of all of this I will attempt to shed a little light and understanding in my common man stab at communicating the recent news regarding all of this.

paul94611

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Thursday November 06, 2008 · 6:48 AM PST

2008/11/06 · 06:48

Of all the news post the November 4 elections the news that Rupert Murdoch is falling on tough times seems proper. The company reported a 30% drop in profits while shares have fallen by up to 12% in todays trading in Europe and a drop of 22% in Australia.

UPDATE:

On tonights lead KO teases the losses at News Corp as todays "Worst Persons".
Whot!
http://www.msnbc.msn.com/...

paul94611

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Monday November 03, 2008 · 5:03 AM PST

2008/11/03 · 05:03

Looking over my morning local paper, The Commercial Appeal here in Memphis, TN I came across this story that just encapsulated for me so much of what this election means to so many.

http://www.commercialappeal.com/...

paul94611

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Monday October 27, 2008 · 2:05 AM PDT

2008/10/27 · 02:05

After Fridays action in world financial markets, and indeed the slide that began in earnest this past September, many folks have been hoping for a break from the global slide that has cost investors trillions of dollars. Well, the early Monday action from Asian & European markets as well as US futures are not providing any confidence that the declines are slowing.

Poll

96 votes Show Results

Looking at all of this

96 votes Vote Now!

Looking at all of this

Gives me a headache

12 votes

Is worthwhile

11 votes

Is educational

15 votes

heartbreaking

22 votes

frustrating because it takes money away from solving the many other problems we face

29 votes

A waste of time

3 votes

Other, please discuss

1 vote

Pie

3 votes

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In Search of Understanding

Modern Conservative/Liberal differences great and old

News Corp Continues To Lose

UPDATE: Bank of America To Receive 100-200 Billion In New Federal Backing

Bernanke Claims "War Powers" - Undermines Power Of Regional Presidents

The Bond Market Implodes W/Update:- Return To Crisis Mode - Financials Tank

The Bond Market Implodes - Financials Tank

GM & Ford Blacklisted In Europe. With Note

Fed Refuses Transparency, Lending Surpasses 2 Trillion

Fox/News Corp Downgraded Amid Losses, Stock Tanks - Makes "Worst Persons"

A True Grit Example Of Motivation To Vote With Early Vote Numbers From Western Tennessee

World Markets Continue To Slide... Rapidly. With Poll & Updates