SurtyrFoesmasher's favorite business pages, page 1

Last login: 10 hours agoSurtyrFoesmasher: Sherman is a 37 year old single guy from Norman, Oklahoma, USA.; Likes 11,823 pages, 322 videos, 387 photos • 162 fans • Received 47 reviews; Member since Aug 16, 2006

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Crybaby capitalists whine for more - MSN Money: Aug 18, 2:55pm 2 reviews business
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/CrybabyCa...

The New York Times & Log In: Aug 11, 10:26am 1 review business, capitalism, iraq-conflict, free-market
http://www.nytimes.com/2008/08/11/world/middleeast/11baghdad.html?_r=1&hp=&pa...; Iraq, not faring so well under a Free Market economy, but hey kids, just remember... Capitalism, it works! (but only when you have an incredibly managed market like, say, the one in the U.S.)

Crooks and Liars & So Much for Our Retail-Based Economy&8230;: Aug 5, 7:30am 4 reviews business, economy, unemployment
http://www.crooksandliars.com/2008/08/04/so-much-for-our-retail-based-economy/; I had no idea that this many companies were having to close stores around the nation. Also, all of the Bennigan's/Steak & Ale restaurants are closing, along with the Boscov department stores in the northeast of the country.

Brilliant at Breakfast: Jul 31, 9:29am 1 review business, unemployment, rising-costs, lowering-wages
http://brilliantatbreakfast.blogspot.com/2008/07/hidden-unemployment.html; Things are much worse economically in the U.S. than we want to admit, and if you are in the position of having to take time off to go to a dentist or doctor for a check you probably already can't afford, you face the real possibility of being laid off due to decreased production and costing your employer more money in insurance premiums. The house of cards known as the U.S. economy is becoming more unstable every day. Neither candidate for the preznitsee have viable plans to tackle health care, the deflating economy, and getting out of the mess that are Iraq and Afghanistan, yet we are told by both campaigns that help is on the way. I don't know if it really is, but I do know that increasingly the citizens of the U.S. need it badly.

Iran discovers billion-barrel oil field | NEWS.com.au Business: Jul 14, 2:26pm 2 reviews business, oil, war, iran
http://www.news.com.au/business/story/0,23636,24015554-31037,00.html; If there is newly discovered oil in Iran you can bet The Scowl and his cohorts in all of the western oil companies are now deciding who gets the lion share if a war with Iran is started. I am betting that Dutch Shell and BP will get whats leftover from ExxonMobile.

Calculated Risk: The Times: Treasury rescue for Fannie and Freddie: Jul 14, 10:29am 1 review business, economics, housing, sub-prime-debacle
http://calculatedrisk.blogspot.com/2008/07/times-treasury-rescue-for-fannie-a...; You gotta love the Free & Nationalized Market! I hope that fucker Milton Friedman is spinning in his coffin because this, yet again, shows just how flawed his whole school of economic thought is in reality. Things look awesome on paper, not so much when implemented in the real world.

Bloomberg.com: Worldwide: Jul 10, 8:22am 1 review business, housing, insolvency, sub-prime-debacle
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7NPAG.LEjHQ&refer=home; From the page: "Chances are increasing that the U.S. may need to bail out Fannie Mae and the smaller Freddie Mac, former St. Louis Federal Reserve President William Poole said in an interview. Freddie Mac owed $5.2 billion more than its assets were worth in the first quarter, making it insolvent under fair value accounting rules, he said. The fair value of Fannie Mae's assets fell 66 percent to $12.2 billion, data provided by the Washington-based company show, and may be negative next quarter, Poole said." Insolvency of mortgage lenders and the banks they are tied with will increase. Then look out! Time to make a run on the banks! And after that happens....bad, bad times for the U.S. This whole mess could have been avoided had Congress not cared more about preserving Shrubs "legacy" and spying on American citizens.

Legal Technology - Telecoms Sue Over High-Speed Links: Jul 10, 7:20am 5 reviews business
http://www.law.com/jsp/legaltechnology/pubArticleLT.jsp?id=1202422769174&rss=ltn

US retail property 2nd-qtr worst in 30 yrs - report| Deals| Regulatory News|…: Jul 8, 10:13am 1 review business, economy, failure, closings
http://uk.reuters.com/article/governmentFilingsNews/idUKN0738704920080707; I haven't noticed prolonged vacancies but I have noticed that it is taking longer to construct strip malls and to fit out the interiors for the prospective businesses. What used to be a 4 to 5 month process has gone on to be almost a year long process. I don't think many store closings have been going on in my neck of the woods, but it does take at least a year for most economic fluctuations to cause the beginnings of a ripple in Oklahoma, so I don't think this type of thing will be prevalent until this time next year.

Bloomberg.com: Worldwide: Jun 23, 9:23am 1 review business, economy, unemployment, collapse
http://www.bloomberg.com/apps/news?pid=20601087&sid=afiMV98d1nKY&refer=home; From the page: "June 22 (Bloomberg) -- Citigroup Inc., the bank that's lost more than any other in the collapse of the U.S. mortgage market, plans to fire as much as 10 percent of the about 65,000 employees worldwide in its investment-banking division, the Wall Street Journal reported." There are going to be some fairly upset investment bankers and shit workers after today.