Tag Archive for Collapse

Greece faces repeat elections as coalition talks collapse – Full story

Greece faces repeat elections as coalition talks collapse (via AFP) Debt-stricken Greece must hold fresh elections after talks on forming a new government broke up without agreement Tuesday, prolonging a tortuous crisis which could see Athens exit the troubled eurozone. The new polls, expected on June 17, follow an inconclusive election on May 6 when…

JPM Appoints Former LTCM Trader And Chairman Of TBAC As Replacement | ZeroHedge

Now… Matt Zames… Matt Zames… where have we heard that name before… OH YES: he just happens to be the Chairman of the Treasury Borrowing Advisory Committee, aka the TBAC, aka the Superommittee that Really Runs America. The Matt Zames who… “previously worked at hedge fund Long-Term Capital Management LP, may have benefited as the…

Still Standing Amid the Wreckage

     The New Urbanists held their big annual meet-up for four days last week and I stomped a big carbon footprint flying down to West Palm Beach for the doings. I don’t know who exactly picked West Palm, but it was at once peculiar, disheartening, instructive, and exhausting.   The Congress for the New Urbanism has been throwing this yearly fandango since its founding in 1993 as a fire-eating reform movement dedicated to transforming the…

U.S. Natural Gas Weekly – May 4, 2012 | Tainted Alpha

May 4th, 2012 by Belisarius (For The Week Ending April 27, 2012) Total collapse because of oversupply this winter followed by a rebound in recent weeks. Working gas in storage rose 28 Bcf from previous week. Consensus was at 29 Bcf. Storage level is massive 810 Bcf higher than same time year ago and way above 5-year average. Abundance…

Airin’ Burnett Led to CNN Ratings Collapse After She Left CnBS Holding the Bag

In a bid to boost ratings, CNN hired the ignorant, biased, and obnoxious Wall Street cheerleader Erin Burnett away from CnBS last year. Since slotting her in prime time, the formerly somewhat credible news network’s ratings have collapsed, dragged down by her incredibly poor showing. Let’s face it. She rubbed Wall Street CEOs and analysts…

Bernanke’s Garbage Conomic Models Mistook Housing Bust for Dot-Com Bubble

by Peter Orszag “In a speech last month about the financial crisis, Federal Reserve Chairman Ben S. Bernanke trenchantly noted that the initial losses from the dot-com bust were about the same size as those from the housing meltdown — yet the two episodes had very different economic consequences. What Bernanke didn’t say was that…