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dixiegrrrrl

Profile Information

Gender: Female
Hometown: Seattle, for half my life
Home country: USA
Current location: Sw corner of Ala. for the rest of my life
Member since: Wed Feb 27, 2008, 01:09 PM
Number of posts: 36,583

About Me

Being the "Queen of Everything" (Mr. dixie is the Prince of What's Left) but................ Golden Retrievers RULE!!!

Journal Archives

Breaking:Senate Republicans block Democrats' new bid to restore unemployment benefits

Just in on the breaking News site:

US Senate Republicans block Democrats' new bid to restore unemployment benefits for 1.7 million Americans - Reuters

Bank of America sets sights on new victims: small businesses.

Remember that BOA was in the thick of the mortgage fraud biz, when it turned home loans into bonds, sold them off, and later got caught when those bonds were found to be mostly worthless?

Now, this:
Bank of America (BAC) will hire more than 200 small-business bankers this year, expanding that lending team by at least 20% for a third year in a row.

During 2013, it extended $10.9 billion in credit to small businesses, up 26% from 2012, and said it plans to continue expanding its small-business unit, the lender said in a statement.

BofA and other banks are switching from mortgage loans toward business loans as the housing recovery matures.

On Monday, the Federal Reserve released a survey of loan officers finding that U.S. banks loosened credit standards late last year, making it easier for small businesses to get loans.
http://news.investors.com/business/020414-688770-bank-of-america-hires-200-more-small-business-bankers.htm

we've seen this movie before.

It was loose credit standards that allowed banks to make dodgy loans which led to mass defautls when the housing bubble popped.



I think I want to thank Omaha Steve for this????

sometime ago someone posted the link to a 4 part Youtube on Labor history.
I consider myself pretty well versed in the major labor issues, but thihs series was an eyeopener..
names like Ludlow Massacre and Matawan were put into context ( I had not known that Ludlow was in the Colorado mine fields)
Highly recommend this interesting 4 part series.




Pres. Obama defends Dir. of National Intelligence who lied to Congress.

President Barack Obama has said his director of national intelligence, James Clapper, ought to have been “more careful” in Senate testimony about surveillance that Clapper later acknowledged was untruthful following disclosures by Edward Snowden.

But Obama signaled continued confidence in Clapper in the face of calls for the director to resign from members of Congress who warn of the dangerous precedent set by allowing an intelligence chief to lie to legislative bodies tasked with overseeing the powerful spy agencies.
Clapper has apologized to the Senate intelligence committee for testifying in March 2013 that the US government does “not wittingly” collect data on millions of Americans.
http://www.theguardian.com/world/2014/jan/31/obama-admits-intelligence-chief-fault-senate-testimony


when Snowden proved he was lying to Congress, he defended his testimony thusly:

first , he said he gave the “least untruthful” answer he could in an unclassified setting.
Later he changed his story to say that he had forgotten about an authority claimed by the government under the Patriot Act to collect the records of every phone call sent and received in the US.


Hooray for Senator Ron Wyden who challenging the dishonest answers.

Amazon Prime customers could see $20 to $40 price hike, retailer says - @TechCrunch

How are they going to manage what is essentially a 2 tiered membership fee?

Anyone here willing to get or keep Prime after the price hike??

Edward Snowden nominated for Nobel peace prize

Two Norwegian politicians say they have jointly nominated the former National Security Agency contractor Edward Snowden for the 2014 Nobel peace prize.

The Socialist Left party politicians Baard Vegar Solhjell, a former environment minister, and Snorre Valen said the public debate and policy changes in the wake of Snowden's whistleblowing had "contributed to a more stable and peaceful world order".
http://www.theguardian.com/world/2014/jan/29/edward-snowden-nominated-nobel-peace-prize

U.S. border officials ground fleet of drones after crash at sea

Reuters) - U.S. Customs and Border Protection has indefinitely grounded its remaining fleet of nine drones after operators were forced to crash a pilotless aircraft off the Southern California coast because of a mechanical problem, a spokesman said on Tuesday.

The mishap on Monday marked the second crash of one of the agency's drones since it began using the unnamed aerial surveillance technology in 2006.

"While on patrol off the Southern California coast, the unmanned aircraft, a maritime variant of the Predator B, experienced a mechanical failure," U.S. Customs and Border Protection spokesman Michael Friel said in a statement./div]http://www.reuters.com/article/2014/01/29/us-usa-drone-crash-idUSBREA0S01220140129?feedType=RSS&feedName=domesticNews

What snow does to Southern drivers:

Birmingham Al. today.
the headline says:
Photo: Drivers abandon cars across highways in Alabama amid winter storm -



And now, China Halts Bank Cash Transfers

Due to the system maintenance of People’s Bank of China, Domestic RMB Fund Transfer through Citibank (China) Online and Citi Mobile will be delayed during January 30th 2014, 16:00pm to February 2nd 2014, 18:30pm.
As to the fund availability at the receiving bank, it depends on the processing requirements and turnaround time of the receiving bank
During Spring Festival, Foreign Currency Transfer Transaction through Citibank (China) Online and Citi Mobile will be temporally not available from January 30, 2014 18:00pm to February 7, 2014 09:00am. We apologize for any inconvenience caused.

http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash-transfers-2/

a clue to what is going on may be in this related story:
Mega Default In China Scheduled For January 31
On Friday, Chinese state media reported that China Credit Trust Co. warned investors that they may not be repaid when one of its wealth management products matures on January 31, the first day of the Year of the Horse.
The Industrial and Commercial Bank of China sold the China Credit Trust product to its customers in inland Shanxi province. This bank, the world’s largest by assets, on Thursday suggested it will not compensate investors, stating in a phone interview with Reuters that “a situation completely does not exist in which ICBC will assume the main responsibility.”


http://www.forbes.com/sites/gordonchang/2014/01/19/mega-default-in-china-scheduled-for-january-31/

ya gotta love that double speak explanation

further reading shows the bank make a very large loan to a mining outfit that has been in legal trouble....
sort of a sub-prime loan to a Madoff type character.

Greece's response to high unemployment: Slavery, and banishment.

Centre of planning and Economic Research in Greece has proposed a controversial measure in order to deal with the problem of increasing unemployment in the country.

The measure includes unpaid work for the young and unemployed up to 24 years old, so that companies would have a strong motive to hire young employees. Practically, what is proposed is the abolition of the basic salary for a year.
At the same time the “export” of young unemployed persons was also proposed to other countries abroad, as Greek businesses do not appear able to hire new personnel.
http://greece.greekreporter.com/2014/01/24/controversial-proposal-for-tackling-unemployment/

exporting the poor and unemployed...what a marvelous idea....


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