Tulai Wall Street Stock Markect crash thu thawn peh par in malte titi rak thawh sehla;
11/21/2008
Thutthimnak pakhat kan zoh hnik pei, USA um hrangah: USA kan um tikah, a bik takin thlennak rei deuh pawl cu investment account kan nei cio ding a zum um. Cu pawl lakah, pension account, 401k, IRA, retirement account, tvp. Hivek account nei hmuahhmuah in tufang stock markect crash hin a hngawng theh ruangah theih tha mi a um. A tufang cu stocks, mutual fund, securities pawl hmuahhmuah a tla niam theh, cutikah account nei pawl khal sum neihzat (balance) a tla niam theh. Asinan theih tha zetmi le fimkhur tul mi a um. Sumtang (account balance) a tlak niam ruangah thinphang in cangsual lo ding a thupi zet. A hnuailam fund pathum thawn tahtthimnak sim hnik sehla; Mizan (10 oct. 2008) vek asile New York Stock Markect ih Dwo in 678.91 (-7.33%) a hloh. (Dow, 8579.19, -678.91, -7.33% Oct. 9, 2008). Cun thutthimnakah, Best Buy stock nei tu pawl hrangah zoh sehla Best Buy Stock ,BBY kha share khat man cu Oct, 9,2008 ah $ 26.31/share asi ih share thawngkhat nei tu cun1000 share = $ 26310 a nei. Tuihlan Oct, 9, 2000 ahcun share khat ah $ 55.50 a rak si, (share thawngkhat nei tu hrangah (10, 09, 2000: $ 55.50 : 1000 shares = $ 55500) a rak si tikah a hloh zat cu $ 29190 asi. Cunvek thotho in mutual fund, AIM Energy Fund kha 9-Oct-08 ah $ 24.52/sh asi ih; 1000 shares = $ 24520. Cun Oct, 31, 2005 ah $ 40.01/share asi ih 1000 shares = $ 40010 a ti tikah hloh/sung (Lost) $ 15490 asi (divident le capital gain pawl rel tel loin). Share thawngkhat nei tu pa cun a share neih zat cu a hloh lo nan share khat man kha a tlak tikah a sum zate tang khal a tla ve tinak asi. Zocio khal 401k, retirement account, IRA, mutual fund, stocks, secutiries sum ret khawm pohpoh sun (lost) ttheh asi. Cucu mimal tin hnenah nasa ten tuar mi asi. American mi tampi anhai in an um. USA ah um in company le cozah ah hnatuan pawl siseh sumpai tipung dingin ret pawl siseh kan zaten a tam le a mal kan tel theh. Leitlun ramdang ziangtiang a hngawng ding tihi an zoh rero lai mi asi. Fimkhur tul zetmi: Mi tampi pension account balance, 401k, IRA, mutual fund, college saving plan, tvp, account balance, sumtang a tla niam ttheh tikah mi tampi ziangtin tuah ding thei loin vava an tum. Upa pitar putar pawl mi tampi an um retmi a pung/tthang lawng ei in um pawl cu an harsa sinsin, a phung/thang lam si loin a tum lam tikah an nahai. AN sumzin ihta lak in ei ding an si thlang, an thihtiang an sumtang in a daih nawn lo ding an phan tikah an lung ngai zet. Curuangah sumtang mi laksuak a tul maw, tiah mi tampi anhai in an um. Ziangthawn kan tah tthim thei asile, lailam ah vok thau zet na vulh ih vansiat ah na vok thau sumsarih lai cu a rawl ei mi a ngaih loih a sung a dawk ciamco tikah ni hnih khat sungah a ttawl thek. Cutikah a ttawl laiah na that asile a thau lai ih a man hrekkhat tluk hman na ngah nawn lo ding. Na zuar khal le a thau lai ih man hrek tluk hman in an lo lei lo ding. Curuangah rawlthatha pek in a thi lo ding ti ruahsannak thawn zoh cuahco vek khi asi bik. Stock Market thuanthu tawi: http://www.hermes-press.com/wshist1.htm Company pawlin an tuah mi stock zuarnak hmun hi stock market tiah an ko ih stock an zuar ih an lei awknak hi “stock exchange” tiah an ko. France ramah 11th century lai ah lothlo pawl thil le ri ai ah an tuah mi “stock” pawl a um thawk zo. A thilri thawn market ah zuar si loin thilri aiah cahnah (paper) in an tuah mi an rak zuar. Cuisun 13th century laiah Ghent and Amsterdam hmun pawl ah thilri aiah an tuah mi paper thawn stock thleng awknak, lei awknak a rak karhzai vivo. Cuticun Compnay cu mimal pakhat in a pumhlum in a nei si nawn loin stock lei tu pawl cun compnay neitu ah an cang ve, ih company a miat asile an rak miat ve ih a tlak siat asile stock nei tu pawl an tla se ve. Cutin 14th century hrawngah bank tuah tu pawl khalin “securities” an ti ih sum ai ah an hmanmi mimal hnenah an rak zuar thawk ih Veneti ah kumpi cozah tuah mi securities pawl mimal hnenah an rak zuar thawk. 1602 ah Dutch East India Company in Amsterdam Stock Exchange ah stock le bonds pawl an rak zuar thawk. Kum 1688 ah, a hmaisa bik, London Stock Exchange tiah London ah stock bazar, stock/bonds zuarnak le lei awknak hmun a rak thawk.
1) NYSE –The New York Stock Exchange (NYSE) hi leitlun ah stock market tumbik asi. 2) Tokyo Stock Exchange - The Tokyo Stock Exchange (TSE), Tokyo, Japan ah a umih leitlun ah a pahnih nak a tumbik stock exchange asi. 3) NASDAQ - The NASDAQ (National Association of Securities Dealers Automated Quotations system) hi USA stock market asi ih 1971 in din mi asi. US ah electronic screen based equity tumbik asi. Cun a dang pawl cu 4) London Stock Exchange 5) Hong Kong Stock Exchange 6) Toronto Stock Exchange 7) Frankfurt Stock Exchange 8) Shanghai Stock Exchange 9) Madrid Stock Exchange Australian Securities Exchange 10) Australian Securities Exchange 11) Swiss Exchange 12) Nordic Stock Exchange Group OMX 13) Milan Stock Exchange 14) Bombay Stock Exchange 15) Korea Exchange 16) São Paulo Stock Exchange 17) National Stock Exchange of India 18) Moscow Interbank Currency Exchange 19) Johannesburg Securities Exchange, le 20) Taiwan Stock Exchange, pawl tla an si. Stock market pawl hi ziangtluk tiang an miat thei theu ti tatthimnak vun sim sehla, Major broker pawl record vek asile, a hnuailam vekhi a sang lam a miat theu mi asi. Aug, 2007, + 63%; May 2007, + 65%; Mar 2007 + 71%; Feb 2007, 83%, tvp, an si. Stock Market HistoryCompany pawlin an tuah mi stock zuarnak hmun hi stock market tiah an ko ih stock an zuar ih an lei awknak hi “stock exchange” tiah an ko. France ramah 11th century lai ah lothlo pawl thil le ri ai ah an tuah mi “stock” pawl a um thawk zo. A thilri thawn market ah zuar si loin thilri aiah cahnah (paper) in an tuah mi an rak zuar. Cuisun 13th century laiah Ghent and Amsterdam hmun pawl ah thilri aiah an tuah mi paper thawn stock thleng awknak, lei awknak a rak karhzai vivo. Cuticun Compnay cu mimal pakhat in a pumhlum in a nei si nawn loin stock lei tu pawl cun compnay neitu ah an cang ve, ih company a miat asile an rak miat ve ih a tlak siat asile stock nei tu pawl an tla se ve. Cutin 14th century hrawngah bank tuah tu pawl khalin “securities” an ti ih sum ai ah an hmanmi mimal hnenah an rak zuar thawk ih Veneti ah kumpi cozah tuah mi securities pawl mimal hnenah an rak zuar thawk. 1602 ah Dutch East India Company in Amsterdam Stock Exchange ah stock le bonds pawl an rak zuar thawk. Kum 1688 ah, a hmaisa bik, London Stock Exchange tiah London ah stock bazar, stock/bonds zuarnak le lei awknak hmun a rak thawk.
1) NYSE –The New York Stock Exchange (NYSE) hi leitlun ah stock market tumbik asi. 2) Tokyo Stock Exchange - The Tokyo Stock Exchange (TSE), Tokyo, Japan ah a umih leitlun ah a pahnih nak a tumbik stock exchange asi. 3) NASDAQ - The NASDAQ (National Association of Securities Dealers Automated Quotations system) hi USA stock market asi ih 1971 in din mi asi. US ah electronic screen based equity tumbik asi. Cun a dang pawl cu 4) London Stock Exchange 5) Hong Kong Stock Exchange 6) Toronto Stock Exchange 7) Frankfurt Stock Exchange 8) Shanghai Stock Exchange 9) Madrid Stock Exchange Australian Securities Exchange 10) Australian Securities Exchange 11) Swiss Exchange 12) Nordic Stock Exchange Group OMX 13) Milan Stock Exchange 14) Bombay Stock Exchange 15) Korea Exchange 16) São Paulo Stock Exchange 17) National Stock Exchange of India 18) Moscow Interbank Currency Exchange 19) Johannesburg Securities Exchange, le 20) Taiwan Stock Exchange, pawl tla an si. Stock market pawl hi ziangtluk tiang an miat thei theu ti tatthimnak vun sim sehla, Major broker pawl record vek asile, a hnuailam vekhi a sang lam a miat theu mi asi. Aug, 2007, + 63%; May 2007, + 65%; Mar 2007 + 71%; Feb 2007, 83%, tvp, an si. =- Who's got the biggest stock exchange? Terry from down under is trying to figure out whose stock market on his side of the globe is bigger: Australia or New Zealand? (Sounds like he may be trying to settle a bar bet.) When it comes to investing in global stock markets, size does matter. But it isn't always the most important consideration. How much is the New Zealand stock market worth compared to the Australian market? Which stock market in Asia is worth the most (market capitalization in US$ terms)? Terry V. -- Melbourne, Victoria, Australia No worries, Terry. You Ozzies have the Kiwis beat hands down. According to the latest figures from the World Federation of Exchanges, the Australian Stock Exchange had a total market capitalization of $777.7 billion as of October, 2005 - up 15 percent from a year ago. Over in Wellington, the New Zealand Exchange reported a total market cap of $41.7 billion - up 9 percent. (On the other hand, if the Kiwis traded livestock along with their corporate stock, their exchange would be huge.) Japan's two stock exchanges still dominate the Asia-Pacific region in terms of the total value of all the domestic stocks traded on those markets. The top spot goes to the Tokyo Stock Exchange, which has a combined market cap of just over $4 trillion, followed by the Osaka Stock Exchange, with a combined stock value of $2.6 trillion. By comparison, the granddaddy of all stock markets, the New York Stock Exchange, had a total market cap of nearly $13 trillion as of October - up 10 percent. The Nasdaq - with $3.5 trillion in market cap - was up just 7 percent. Smaller international exchanges can be much more volatile than older, better-established markets. The fastest growing Asian stock market for the 12 months ended in October, for example, was the tiny Colombo Stock Exchange in Sri Lanka (market cap $7.5 billion) which grew by 105 percent. That kind of rally is pretty tough to sustain: past results, as they say, are no guarantee of future performance. And the economic growth of a given country may or may not translate into stock market gains. Despite mainland China's economic boom, stock investors in stocks listed there have gotten burned. The total value of all the stocks on the Shanghai Exchange - at $274 billion - is down 16 percent for the year ending in October. The once-hot Shenzhen Stock Exchange - worth $114 billion - is down nearly 20 percent. On the other hand, investors in the older, better-established companies listed on the Hong Kong Exchange have fared better: that exchange's market cap is up 28 percent to $982. And the economic growth of a given country may or may not translate into stock market gains. Despite mainland China's economic boom, stock investors in stocks listed there have gotten burned. The total value of all the stocks on the Shanghai Exchange - at $274 billion - is down 16 percent for the year ending in October. The once-hot Shenzhen Stock Exchange - worth $114 billion - is down nearly 20 percent. On the other hand, investors in the older, better-established companies listed on the Hong Kong Exchange have fared better: that exchange's market cap is up 28 percent to $982 http://wiki.answers.com/Q/What_is_the_biggest_stock_exchange_in_the_world The Nasdaq holds 25.1 percent of the LSE and is the biggest shareholder in the British company Hnatuan hloh: Himi website pakhat ( http://www.showusthejobs.com/jobfacts/) simdan vek asile a hnuailam vek hi US milesa pawl hnatuan thu hla tawi asi, an simmi hi za ah za a dik theh tinak cu asilonan tampi US dinhmun a lailang ko. US ramah nitin te milai 85,444 in hnatuan an hloh, ih 14.7 milion hi hnatuan nei lo, hnatuan duh khawp nei lo le hnatuan hawl rero lai an si. Milai 43.6 million in health insurance an nei lo (US ah si man, sibawi man, sizung kai man a khung tuk tikah health insurance hi lei, asilole cozah/hnatuannak company in tuahsuak asi theu. Milai 4,227 in bankruptcy in an file. Nitin te milai 12,878 hnatuannak ah hliam an tuar ih hnatuan nei nacing in milai 6.8 million pawl hi mi farah an si ringring. US “Cowboy Capitalism” ramah company luban, hotu, CEO pawlin minute 15 sungah an hlawh zat mi mi menmen kumkhat hlawh thawn a bang aw, ti asi. CNNMOney.com in a sim vek asile September 2008 sungah milai 105,000 in hnatuan an hloh ti asi ih tuisum sungah hnatuan 605,000 tluk hloh asi zo. Unemployment rate hi 6.1% asi fawn. http://money.cnn.com/2008/10/01/news/economy/jobs_forecast/?postversion=200810011 --------- OIL: 2008 ah Organization of the Petroleum Exporting Countries (OPEC) member pawlin zenan an zuar man ah $ 1,084 an ngah ding tiah an ttuat cia ih 2009 ah $ 1084 an ngah ti in an sim cia. Cumi lakah Saudi Arabia in a ram bik a ngah dingih $ 1094 billion, OPEC member pawl ngah ding zate lak ihsin 29% tluk sum lut a ngah ding. US in leiltun pumpuluk petroleum hman mi zate lak ih 10% tluk a suah ihi 24% tluk a hmang. Curuangah 14% tluk cu ramdang ihsin a leimi tinak asi. 58%, zakhat ah 58 tluk, US in petrolium a hman mi cu ramdang ihsin a lak lut mi asi. 2007 vek asile US in nikhat ah 20.7 million barrels tluk petroleum a hmang ringring ih leitlun ram hmuahhmuah lakah a hmang tam bik asi.
http://www.eia.doe.gov/emeu/cabs/OPEC_Revenues/Factsheet.html Crude Oil and Total Petroleum Imports Top 15 Countries July 2008 Import Highlights: September 30, 2008 A hnuailam ram pawl lak ihsin ram pahnih, Canada le Saudi Arabia in nitin te crude oil (zenan a chian) 1.40 million barrel US ramsungah a zuar, phur lut ringring. A biktam US ramsungah Zenan zuar tu pawl cu, July 2008 vek asile, Canada (1.960 million barrels per day), Saudi Arabia (1.661 million barrels per day), Mexico (1.200 million barrels per day), Venezuela (1.187 million barrels per day), le Nigeria (0.741 million barrels per day). The rest of the top ten sources, in order, were Iraq (0.696 million barrels per day), Angola (0.640 million barrels per day), Brazil (0.241 million barrels per day), Algeria (0.232 million barrels per day), and Ecuador (0.226 million barrels per day). Crude oil nitin USA ah kuat mi kawm averaged 10.101 million barrels per day, July 2008, asi. Canada hi a tam bik asi ih nikhat ah 2.383 million barrels akuat.
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html Credit Markect: US congress in credit marcket a siat mi tuahthatnak ding hrangah US $ 700 bliion suah dingin dan ah an tuah zo ih President Bush in kut a nam zo. Cuucu ziangsi a um zia? Hmakaht te ah $ 250 billion cu hman suah theih dingin a suah ih ni 45 sung ah Treasury Secretary Henry Paulson in plan duang fel dingin ruat asi. Bank caurau pawl neihmi leiba pawl a lei sak ding. Cutikah markect ah sum a tam dingih mipi in thinlungah money market an rinsan ngam asi le sum hmang in stock le in investment an tuah sal asile markect a nung sal ding ti ruahsannak a um. Asinan tufang dinhmun ah September 2008 thlakhat sung lawngah hnatuan 105,000 hloh an um tikah US mipi cu an thla a vai in an sum neih mi ziangtin an hmang ding ti an ruah a har zet. Mipi thinlung an-hai in sum an hmang duh lo, asile a buai zet lai thotho ding. An sum neihsun kha cash in an kut sungah a ret theh ih markect ah sumlut sumsuak a mal sinsin asile a buai sinsin thei. Curuangah congress ah democrat pawlin second stimulus package tuah dingin an tumtuah rero lai fawn. $ 700 billion sung ihsin sum tipunnnak ding hrangah ret mi sum hloh pawl (net lost) lak ihsin cozahin a pek sak ding tiah an ruat, March 14 2008 hlan ih rak lei mi securities pawl cozah in an sunzat a peksak ding tiah an zum. US lawng si loin leitlun hmundangdang tiang financial crisis in a cim vivo ding an phang zet. Asian markets khalah the Nikkei Exchange, Japan -9.6% a tlaniam ih Australian All Ordinaries index -8% hnakih niam, South Korea's KOSPI - 4.3% in an tla niam theh. Cun Hong Kong's Hang Seng index 8% a tla niam ih Mumbai's BSE SENSEX 7.4% a tla niam fawn. Curuangah The Bank of Japan cun $45 billion financial markets ah a suah ih India central bank in $8.2 billion money market ah hman theih lawk dingin a suah ve. AN thla aphang nasa. 1990 lai ah Asean money market crash vek a suak sal lala lo hmanah leitlun pum huap pursum leilawnnak lam a siatsuah vivo ding an phang zet. Cuvek thotho in Europe ram pawl khalah European central banks pathum pawl in $120 billion market ah suah dingin thu an suah. The European bank khalin market ah sum um dingin le credit marcket tawp lo dingin Central Bank in $100 billion, the Bank of England $10 billion le Swiss National Bank $10 billion, ti in sum an suah cupco. Cu lawng si loin interate US a ti mal vekin Hong Kong Monetary Authority interest an ti mal ve. British cozah in $87 billion cu bank tumbik pariat pawl hnenah hmanter dingin thua suah, cutin money market ah sum tawp lo dingin an cangvai nasa. Iceland in an ram ih bank tumbik pathum an kaihhrem, an control. Italian cozah in an bank ziangtin an runsuak ding tiah “rescue plan” an tuah rero lai. (The CNNmoney, First Published: October 9, 2008: 9:54 PM ET Trade:August trade deficit falls to $59.1BDrop in oil imports helps slash trade gap by 3.5%, but imports from China soar to new record.US in ramdang thawn pursum leilawnnak ah leiba a neih mi, Aug thla ah $ 59.1 billion ah a tla. Ramdang hnenah oil hrang sum a peksuak mi $ 43.7 billion July thla ah a thla, Aug thla ah $ 51 billion asi ih a thla niam zet. A zaten oil hrang sum peksuak mi $ 223.9 billion. September thla export, ramdang ah zuar suak mi man ah $ 164.7 billion asi ih July thla ih zuar suak mi hnakin 2.4 % a tla niam. A asinan a tha lam ahruahsan ding a um in thiamsang pawlin an sim. Aug thla sungah China hnenah US in a leibat mi cu $ 25.3 billian asi, umzia cu China in USA ramah a thilsuah mi a zuar mi a tam sinsin tinak asi, US ram tuah mi China ramah zuar mi hnakin China tuah USA ramsungah zuar mi a tamsawn tinak asi. China tuah mi lakah toys, cellphones, thuamhnaw, games tipawl a tel. Kumtin tade deficit hi $ 717.1 billion tluk asi. Aug thla sungah Canada hnenah trade deficit $ 7.4 billion a nei ih 10% a tla niam, ih European Union hnenah 38.5% in a tlan niamih $ 6.8 billion lawng leiba a nei. US bank tlasia pawl, Washington Mutual Bank & Washington Mutual Bank FSB (September 25, 2008), Ameribank (September 18, 2008), Silver State Bank (September 5, 2008), Integrity Bank (August 29, 2008), The Columbian Bank and Trust (August 22, 2008), First Priority Bank (August 1, 2008), First Heritage Bank July 25, 2008, First National Bank of Nevada July 25, 2008, IndyMac Bank July 11, 2008, First Integrity Bank, NA May 30, 2008, ANB Financial, NA May 9, 2008, Hume Bank March 7, 2008, Douglass National Bank January 25, 2008. Kan dung nai te subprime mortgate ruangah sun mi pawl hi $300 billion ihsin $400 billion hrawng asi thei ti ah an zum. Asinan siatnak tumpi ngaingai thlen ding khawp cu asi hrih lo. USA economic hi zoh asile America mipi (consumer) in sumpai a hmansuak mi pawl zoh asile USA cu a rak cak ngaingai lai asi ti a lang ter zet. Thuthimnakah, kan dung kum ah US in $9.5 trillion tluk an hmang ih Chinese pawl in $1 trillion le India in $650 billion an hmangih India le China kawm ih letruk tluk American consumer pawlin an hmang tinak asi (http://recession.org/library/where-is-the-economy-going) USA economic a siat theh ta ding maw ti ahcun mi thiam pawlin an sim dan vek asile a ding suak sal thei ko ding an zum ko. Is the American credit crisis like the Japanese banking crisis of the 1990s? No What happened in South Korea shows that economies can pick up again very fast. Their severe adjustments lasted just one year. Yet the Indonesian economy remained sluggish for five to seven years because [corrective policies were] too long in the making and too weak. The United States is the world's biggest economy, and one that's more complex than Thailand, South Korea or Indonesia. But the lessons are the same http://recession.org/library/where-is-the-economy-going Lawrence Summers - professor of economics at Harvard University and a managing director at D.E. Shaw & Co. DRUG: rit theih si thawn pehpar in: http://www.csdp.org/Updated: May 2007 --------------------------------------------------------------------- LA Times: July 5, 2008 in a sim vek asile, US in tuihlan kum 40 sung kimtin te rittheih si pawl donak ah $ 69 billion a hmang ringirng a zaten, $ 2.5 trillion tluk a hmang zo.
In Jial There are more than 1.2 million people behind bars in the U.S. 1. According to the United Nations Office on Drugs and Crime, "[T]he value of the global illicit drug market for the year 2003 was estimated at US$13 bn [billion] at the production level, at $94 bn at the wholesale level (taking seizures into account), and at US$322bn based on retail prices and taking seizures and other losses into account. This indicates that despite seizures and losses, the value of the drugs increase substantially as they move from producer to consumer." Source: United Nations Office on Drugs and Crime (UNODC), World Drug Report 2005 (Vienna, Austria: UNODC, June 2005), p. 127. According to ONDCP, the $18.822 Billion spent by the federal government on the drug war in 2002 breaks down as follows: 2. "If compared to global licit exports (US$7,503 bn in 2003) US:c in 1999, federal expenditures on control of illegal drugs surpassed $17 billion; combined expenditures by federal, state, and local governments exceeded $30 billion. What is more, the nation's so-called 'drug war' is a protracted one. The country has spent roughly this amount annually throughout the 1990s." Source: National Research Council, National Academy of Sciences, "Informing America's Policy on Illegal Drugs: What We Don't Know Keeps Hurting Us" (Washington, DC: National Academy Press, 2001), p. 1. A tuldt movie: According to the 2001 Forbes data the annual income distribution is like this:
.. http://en.wikipedia.org/wiki/Pornography_in_the_United_States .that pornography consumption can be as mood altering and as addictive as narcotics? (Richard Drake, assistant professor at Brigham Young University College of Nursing) In fact, some studies have indicated that pornography can have the same effect on the brain as cocaine. Images can be permanently "burned" into the memory by epinephrine, a chemical in the brain. ...that according to Nielson NetRatings, 17.5 million people visited porn sites in January 2000? (U.S. News & World Report, 3/27/2000) ...that there are more outlets for hard-core pornography in this country than there are McDonalds restaurants? ...that rape statistics are proportionately higher in those states with higher pornography sales and lower in those states with lower pornography sales? ...that cyberporn sales - including videos and accessories ordered online - accounted for 8% of 1999's $18 billion E-commerce pie? (U.S. News & World Report, 3/27/2000) That's nearly $5.25 for every man, woman, and child in the United States! ...that boys ages 12-17 are one of the largest consumers of pornography and pornographers target them for that reason? If the pornographers can arrange for the young person to become addicted, then a steady flow of income is assured. (Information received from Enough Is Enough, Morality In Media, and National Coalition For The Protection of Children and Families.) http://www.firesofdarkness.com/pornography_addiction.htm \ LA Times: This is the U.S. on drugs Only cops and crooks have benefited from $2.5 trillion spent fighting trafficking. By David W. Fleming and James P. Gray
The United States has been spending $69 billion a year worldwide for the last 40 years, for a total of $2.5 trillion, on drug prohibition -- with little to show for it. Is anyone actually benefiting from this war? Six groups come to mind. Forces of Colombia obtain over $300,000,000 from illegal drugs In Jial There are more than 1.2 million people behind bars in the U.S. The economic loss from hurricane Katrina was estimated at $89 billion. The damage from the California fires came in at a moderate $2 billion while the damage in the south is still being assessed but is widely expected to be under $10 billion. Today, with over 6000 homes in distress, the estimated loss from these defaulted loans is quickly approaching $1.5 trillion. While these homes will eventually be sold hence offsetting this ridiculously high figure, they are not expected to fetch half their market value because they were bought when the market was heavily, one might argue fraudulently inflated. The scary reality is this is the first wave; the alt a and primes are on the way. Americans are being rendered homeless while perfectly good homes sit uninhabited. Subprime lending(also known as B-paper, near-prime, or second chance lending) is the practice of making loans to borrowers who do not qualify for the best market interest rates because of their deficient credit history. The phrase also refers to banknotes taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and certain types of self-employed individuals. Definition
Subprime credit cardsTo avoid the initial hit of higher mortgage payments, most subprime borrowers take out adjustable-rate mortgages (or ARMs) that give them a lower initial interest rate. But with potential annual adjustments of 2% or more per year, these loans can end up charging much more. So a $500,000 loan at a 4% interest rate for 30 years equates to a payment of about $2,400 a month. But the same loan at 10% for 27 years (after the adjustable period ends) equates to a payment of $4,470. A 6-percentage-point increase in the rate caused slightly more than an 85% increase in the payment. The value of U.S. subprime mortgages was estimated at $1.3 trillion as of March 2007, with over 7.5 million first-lien subprime mortgages outstanding. Approximately 16% of subprime loans with adjustable rate mortgages (ARM) were 90-days delinquent or in foreclosure proceedings as of October 2007, roughly triple the rate of 2005. By January of 2008, the delinquency rate had risen to 21%. A total of nearly 447,000 U.S. housing units were subject to some sort of foreclosure action from July to September 2007, including those with prime, alt-A and subprime loans. This is nearly double the 223,000 properties in the year-ago period and 34% higher than the 333,000 in the prior quarter. The estimated value of subprime adjustable-rate mortages (ARM) resetting at higher interest rates is U.S. $400 billion for 2007 and $500 billion for 2008. Reset activity is expected to increase to a monthly peak in March 2008 of nearly $100 billion, before declining. An average of 450,000 subprime ARM are scheduled to undergo their first rate increase each quarter in 2008. Impact on stock markets
Many banks, mortgage lenders, real estate investment trusts (REIT), and hedge funds suffered significant losses as a result of mortgage payment defaults or mortgage asset devaluation. As of January 15, 2008 financial institutions had recognized subprime-related losses or writedowns exceeding U.S. $102 billion. Impact on minorities
Financial analysts predict that the subprime mortgage collapse will result in earnings reductions for large Wall Street investment banks trading in mortgage-backed securities, especially Bear Stearns, Lehman Brothers, Goldman Sachs, Merrill Lynch, and Morgan Stanley. The Bear Stearns funds once had over $20 billion of assets, but lost billions of dollars on securities backed by subprime mortgages. H&R Block reported that it made a quarterly loss of $677 million on discontinued operations, which included subprime lender Option One, as well as writedowns, loss provisions on mortgage loans and the lower prices available for mortgages in the secondary market for mortgages. The units net asset value fell 21% to $1.1 billion as of April 30 2007. The head of the mortgage industry consulting firm Wakefield Co. warned, "This is going to be a meltdown of unparalleled proportions. Billions will be lost." Bear Stearns pledged up to US$3.2 billion in loans on 22 June 2007 to bail out one of its hedge funds that was collapsing because of bad bets on Alt-A mortgage problems
y. Foreclosure rates increase
It's a blood bath. … We're talking about a two- to three-year downturn that will take a whole host of characters with it, from job creation to consumer confidence. Eventually it will take the stock market and corporate profit. Though on separate paths, the gains have been impressive. “The new policies have led to rapid economic development. China’s real per capita income has grown an average of 8.4% a year since 1995, climbing to $4,766. India’s 5% average annual growth has raised per capita income to $2,534,” Cox and Alm write. October 9, 2008, 4:50 pm Schwarzenegger: California May Not Need Emergency Funds After AllIn a letter to U.S. Treasury Secretary Henry Paulson Thursday, Gov. Arnold Schwarzenegger said a $750 million bond sale in Massachusetts this week, as well as recent actions by the federal government — including last week’s passage of a $700 billion financial bailout bill — “appear to be improving liquidity” in his state. Schwarzenegger’s letter comes less than a week after he first wrote to the Treasury saying that California might need up to $7 billion in short-term financing from the federal government to avert an imminent cash shortfall. Here, a copy of Thursday’s letter: Dear Mr. Secretary, Bailt out: The only guarantee offered by this bailout is that an attempt to salvage the economy will be made; whether it will succeed and the degree of success is a commitment the Treasury Secretary, Henry Paulsen has refused to make. A grim-faced President Bush acknowledged this risk to taxpayers when he declared, "The risk of not acting would be far higher." Presently, "there is roughly $6.84 Trillion in bank deposits. $2.60 Trillion of that is uninsured. There is only $53 billion in FDIC insurance to cover $6.84 Trillion in bank deposits. Of the $6.84 Trillion in bank deposits, the total cash on hand at banks is $273.7 Billion." (Mish's Global Economic Trend Analysis) The risk of taking the wrong action, is worse than that of not acting. We need to understand the fact that we are past the point of no return. All those who call themselves Conservatives and are opposed to any and all Government interventions need to understand that what is at stake here is not the economy, rather their identity and their way of life. The existence of the Union as we know it, USA, is under threat. When foreign nationals loaded with SWF, bailout our banks by pumping in liquidity by the billions of dollars, they are in essence buying a piece of America. What we consider worthless paper, represents a foreclosed home which in part represents a part of America. When foreigners continue to buy all these foreclosed homes, then at some point, they will own a sizeable chunk of the nation. With deregulation running wild, and in this open market system, they will be able to align all their holdings into certain states, essentially giving them ownership of the state. So now the question I have for my fellow Conservatives is this, which state do you want to give up in the union? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||