STOCK MARKET WATCH, Friday, March 18, 2011

[Pale Blue Dot]

Source: du

STOCK MARKET WATCH, Friday, March 18, 2011

AT THE CLOSING BELL ON March 17, 2011

Dow 11,774.59 +161.29 (+1.37%)
Nasdaq 2,636.05 19.23 (0.73%)
S&P 500 1,273.72 +16.84 (+1.32%)
10-Yr Bond... 3.25 -0.01 (-0.28%)
30-Year Bond 4.43 -0.01 (-0.25%)

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Market Conditions During Trading Hours

Euro, Yen, Loonie, Silver and Gold

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Bush Administration Officials Convicted = 2
Names: David Safavian, James Fondren
Dishonorable Mention: former House majority leader, Tom DeLay

Bush Administration Officials Charged = 1
Name(s): Richard Lopez Razo

Financial Sector Officials Convicted since 1/20/09 = 11

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

Read more: du

[Pale Blue Dot]

1. Oil heads to $103 as UN authorizes Libya strikes

SINGAPORE – Oil prices rose to near $103 a barrel Friday in Asia as traders worried the United Nations' authorization of military strikes against forces loyal to Libyan leader Moammar Gadhafi could prolong the conflict and threaten oil exports.

Benchmark crude for April delivery was up $1.53 at $102.95 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract added $3.44 to settle at $101.42 on Thursday.

In London, Brent crude was up $1.11 at $116.01 a barrel on the ICE futures exchange.

The U.N. Security Council on Thursday authorized "all necessary measures" short of a ground offensive to stop Gadhafi forces from snuffing out a monthlong rebel uprising. This week, the government's superior firepower pushed rebels back to their eastern stronghold of Benghazi.

http://news.yahoo.com/s/ap/oil_prices

[Pale Blue Dot]

2. No reports today. nt

[Pale Blue Dot]

3. European Stocks, U.S. Futures Rise on G-7 Intervention; BHP Billiton Gains

European stocks and U.S. index futures advanced as the Group of Seven nations agreed to sell the yen to ease concern that Japan will sink into recession following the March 11 earthquake. Most Asian shares rose.

BHP Billiton Ltd. climbed 1.5 percent to 2,314.5 pence as metal prices rose.

The Stoxx Europe 600 Index gained 0.4 percent to 268.09 at 8:03 a.m. in London.

http://www.bloomberg.com/news/2011-03-18/european-stocks-u-s-futures-rise-on-g-7-intervention-bhp-billiton-gains.html

[hamerfan]

4. K&R!

:kick:

[xchrom]

5. recommend

[mrdmk]

6. Ways and Means Chairman to Push Tax Rate Cut to 25 Percent

The chairman of the tax-writing U.S. House Ways and Means Committee wants to lower the top individual and corporate tax rates to 25 percent from 35 percent, his spokeswoman said.

Representative David Camp, a Michigan Republican, “will push for a top rate of 25 percent for corporate and individual tax rates,” Michelle Dimarob, the committee’s spokeswoman, said in an e-mail yesterday.

Camp has long discussed an overhaul of the tax system that would involve lowering rates and broadening the tax base, and his committee has begun holding hearings on the subject.

“I really just want to set a goal out there and start the discussions and talk about everything,” Camp told reporters today.

link: http://www.bloomberg.com/news/2011-03-17/camp-suggests-top-individual-corporate-tax-rates-of-25-percent.html

The Grand One-Trick Party (GOP) is doing more of the same. When will they ever learn?

[xchrom]

9. ...

:mad:

[MilesColtrane]

10. But...but, what happened to the country's "crushing debt"?

Oh... That's OUR debt, not THEIRS.

[Fuddnik]

11. It's not that they don't learn. They don't care.

[hamerfan]

40. With the title of your post,

I thought sure it was TG.
:rofl:

[Demeter]

12. He is out of his mind

Criminally insane, in fact.

[Turbineguy]

16. Nobody wants to pay taxes.

But republicans don't want to live in a civilized society as well.

[jtuck004]

17. And soon it will be none. This is bs.

Corps earn profit. Workers don't. This is crazy talk, part of the end game before we go beyond oligarchy
and corporations running our lives becomes institutionalized. They don't want to pay a penny, they
want those who have to work to be saddled by that debt and the resultant control. And not enough
people understand that to stop them, since they don't all have to conspire to have the same belief.
Like Baptists. (just an example).

And I, for the life of me, can't see what brings it back. The world run by corporations,
the government fades into the background. The people beome an expense. There are the little
businesses outside, but the real power lies with the multinational corp., and people who make
money from them own assets or special expertise that the corps can use. For a while.

Changing this is not the stuff of revolutions or street protests. At least not in today's world, I don't think.

Used to have a book, a novel, called "Corporation" or something like that. The world was run by them. Don't remember
much about it, but maybe I don't have to, when I have to live it.

[Hotler]

20. The GOP. The party of greed, hate and selfishness..

and they call themselves christian.

[Tansy_Gold]

42. Tx Scuba in GD: Fund-Raiser Indicted in a Ponzi Scheme

http://www.nytimes.com/2011/03/17/us/17durham.html?_r=1&ref=todayspaper

LOS ANGELES — A prominent Republican fund-raiser was charged Wednesday in a federal grand jury indictment with orchestrating a Ponzi scheme that defrauded investors of hundreds of millions of dollars.

The fund-raiser, Timothy Durham, 48, was arrested early in the morning at his West Hollywood home and charged with 12 counts of securities and wire fraud in federal court here.

Prosecutors accuse Mr. Durham of taking money investors trusted to his business, the Fair Finance Company, and using it make loans to himself and his businesses; earlier investors were repaid with money from newer ones.

. . . . .

Mr. Durham donated more than $800,000 to the Republican Party and candidates in Indiana, including almost $200,000 to Gov. Mitch Daniels. Neither Mr. Durham’s lawyer nor Mr. Daniels’s campaign responded to requests for comment.




Tansy Gold, who will gladly respond to requests for comment. . . .

[Fuddnik]

44. OK, give us some comments.

And what is your conceptual continuity?

Don't you know, you could make more money as a butcher?

Who you jivin' with that Kosmic Debris?

Shamelessly stolen from Frank Zappa's "Apostrophe".

[Tansy_Gold]

46. You should give Mr. Zappa back his apostrophe. He may need it.

My comments:

It's time to ramp up a primary challenge to Obama.

A campaign with no campaign contributions, no funding.

A campaign with no staff, no budget.

A campaign only of policy, not personality.

A campaign of honesty, not hubris.

Hmmmmmmmmmmmmmmmmmmmm..................




TG, TT

[Fuddnik]

48. Oh, now you think you're Lewis Black.

Another comedian.

[Tansy_Gold]

49. Well somebody has to be the comedian around here

But I'm better looking than Lewis Black.

;-)




TG

[Fuddnik]

50. Link?

As you can see the Guinness and vodka haven't worn off from last night.

And today is my anniversary. See where drunken St. Paddy's nights in Vegas will get ya?

[Tansy_Gold]

84. pic

[DemReadingDU]

58. My brother knows this Tim Durham

It was rather shocking when the FBI raided Durham's office in Indianapolis in November 2009.
http://www.youtube.com/watch?v=HbiyGTkxJUs

[xchrom]

7. G-7 intervention sends dollar soaring versus yen European central banks join move to weaken Japanese

http://www.marketwatch.com/story/dollar-surges-versus-yen-after-g-7-statement-2011-03-17?dist=beforebell

LONDON (MarketWatch) — A wave of coordinated intervention by the world’s financial powers sent the yen plunging Friday after the Group of Seven agreed to take steps to curb the Japanese currency’s post-earthquake surge.

The U.S. dollar /quotes/comstock/21o!x:susdjpy (USDYEN 81.4000, +2.4200, +3.0633%) traded at 81.41 yen at 7 a.m. Eastern time, compared to ¥79.14 shortly before the G-7 announcement in early Asian trading hours.

[Demeter]

13. What did they do THAT for?

Has the entire world gone crazy? Just to pump up the stock markets and the price of oil?

[xchrom]

14. i think the tsunami has driven everyone crazy. nt

[DemReadingDU]

18. It's to appear that all is well

lunatics out there

[Demeter]

23. One Can Buy So Much More Help With Weaker Currency

G7 in rare intervention to weaken yen

The Group of Seven industrialised nations have agreed to coordinated currency intervention for the first time in a decade to help Japan recover from its devastating earthquake and tsunami

Read more >>

http://link.ft.com/r/YIQXNN/QFI0W8/87I64/C5O29M/8AHYG7/MQ/t?a1=2011&a2=3&a3=18

[burf]

31. Looks as though

the markets be lovin' it. Today they got a twofer, the possiblity of another war, and the bombing of the yen. Its a great day to be a squid!

[Po_d Mainiac]

78. Translate reads: Gotta save those AUDJPY swaps

As for the the victims between the 35th and 40th parallels..you are on your own

[Demeter]

73. This is one opinion:

The Bank of Japan got tired of the yen (JPY) setting record highs, and enlisted the help of the G7 to intervene in the currency markets and push the yen lower. This is the first time the Group of Seven nations have jointly intervened in the markets in more than a decade. The result of this concerted effort was a drop of over 3% for the yen, which had touched a record high early yesterday at 76.36 yen/dollar. And the G7 finance ministers stand ready for more intervention if needed. A statement by the G7 said “in response to recent movements in the exchange rate of the yen associated with the tragic events in Japan, and at the request of the Japanese authorities” it will intervene in the currency market today. The statement went on to say, “We will monitor exchange markets closely and will cooperate as appropriate.”

We have seen the Bank of Japan try and intervene on their own in the past, with not much lasting effect. But this coordinated intervention should have a much better chance of working as the quick appreciation of the yen was, in my opinion, going to be temporary anyway. In fact, the Japanese government seems worried about the intervention working too well. Vice Finance Minister Fumihiko Igarashi said the government wants to avert any “abrupt weakening” in the currency. He acknowledged the earthquake had damaged the fiscal situation and threatened the economy so it wouldn’t be a surprise if the yen weakens further and bond yields begin to rise. “That’s naturally the biggest fear for the government.”

Read more: G-7 Coordinates Intervention to Push the Yen Lower http://dailyreckoning.com/g-7-coordinates-intervention-to-push-the-yen-lower/#ixzz1GyLRKcPL


IN OTHER WORDS: THEY ARE NUCKING FUTS

[Demeter]

57. BOJ signals easy policy intact

http://uk.reuters.com/article/2011/03/18/uk-japan-economy-boj-idUKTRE72H10320110318

Bank of Japan Governor Masaaki Shirakawa reiterated the central bank's resolve to maintain its ultra-easy monetary policy following Friday's Group of Seven agreement to join in a rare coordinated intervention to restrain soaring yen. The central bank is also determined to flood markets with more cash than banks can swallow to keep market rates low and will refrain from draining funds injected through Tokyo's yen-selling intervention, sources familiar with the matter told Reuters.

But while the BOJ stands ready to ease policy further, it will carefully examine the impact last Friday's deadly 9.0 magnitude earthquake and a subsequent yen surge could have on Japan's economy in deciding the timing of its next move. "The Bank of Japan will promote powerful monetary easing and continue providing ample liquidity to ensure market stability," Shirakawa told reporters after Friday's G7 announcement.

Some analysts interpreted Shirakawa's remark as signalling the possibility of an imminent monetary easing. But the phrase "powerful moneary easing" is not new and has been used by the BOJ ever since it created last October a pool of funds to buy assets ranging from government bonds to private debt. It therefore does not signal any shift in policy or the chance of a strengthening of monetary easing, one of the sources said.

"I don't think Shirakawa's comment signalled the chance of more BOJ easing. It just means the BOJ will maintain its current ultra-loose policy stance and keep short-term borrowing costs from rising by flooding markets with cash," said Yasuo Yamamoto, senior economist at Mizuho Research Institute. "Having said that, I won't rule out the chance of further monetary easing in the future. When the government compiles an extra budget for disaster relief, the BOJ may buy more government bonds or expand its asset buying programme again."

The BOJ is far from finished easing monetary policy and may act again as soon as next month if the damage from the quake threatens Japan's return to growth after is economy contracted in the final quarter of 2010, sources familiar with the BOJ's thinking said. The most likely option is to further boost its asset buying pool, which the central bank just doubled to 10 trillion yen (78 billion pounds) on Monday, though the type of assets targeted for an increase would vary and depend on which markets would be most volatile at the time.

For now, however, the BOJ's priority is to continue pumping more money into the banking system through its market operations to ensure that the market continues to function as normal, the sources said...

Last October, the central bank cut interest rates effectively to zero, pledged to keep them there until the end of deflation was in sight and set up a 5 trillion yen pool of funds to buy various assets to help the world's third-largest economy fully recover from the 2008-2009 global economic crisis.

[Demeter]

59. Yen Tumbles Most in Over Two Years After G-7 Announces Joint Intervention

http://www.bloomberg.com/news/2011-03-18/yen-weakens-after-noda-says-some-g-7-nations-to-coordinate-on-intervention.html

The yen tumbled the most in more than two years against the dollar as the Group of Seven nations said they will jointly intervene in foreign-exchange markets for the first time in more than a decade.

Japan’s currency slumped against all its major counterparts as Finance Minister Yoshihiko Noda said his country started the effort and each nation would intervene when its market opened. G-7 finance ministers and central bank chiefs said after a call to discuss the impact of the March 11 earthquake today that they will “provide any needed cooperation.” Central banks in France, Germany, Italy and the U.K. said they took part. The Australian dollar rose and the Swiss franc weakened as a rally in stocks boosted demand for higher-yielding assets.

The G-7 statement “met everyone’s expectations -- it was what people wanted,” said Tsutomu Soma, a bond and currency dealer at Okasan Securities Co. in Tokyo. “The earthquake is considered one of the biggest in a few centuries and so other nations must help Japan. The yen should fall toward 83 as nations are unified to stop its advance.”

The yen slumped 3.2 percent to 81.42 per dollar as of 7:12 a.m. in New York after weakening as much 3.9 percent, the biggest one-day drop since Oct. 28, 2008, when markets were roiled by the global financial crisis. Japan’s currency surged to 76.25 yesterday, the highest level since World War II.

The yen declined 4 percent to 115.03 per euro. The dollar depreciated 0.8 percent to $1.4128 per euro.

...The yen reached its previous postwar high of 79.75 per dollar in April 1995, three months after a magnitude 6.9 quake struck the city of Kobe. Japan sold a total of 1.8 trillion yen in February and March that year as the yen rose 10 percent.

IS IT JUST ME, OR DOES THIS NOT MAKE ANY SENSE WHATSOEVER? JAPAN IS NOT ABLE TO EXPORT, SO WHAT DIFFERENCE DOES THE YEN MAKE? WITH A STRONG YEN, THEY COULD BUY EQUIPMENT AND RESOURCES TO REBUILD, OR TO EVACUATE....

[amandabeech]

85. I don't see it either, Demeter,

unless the tsunami/earthquake really didn't harm much of its industrial base, and the Japanese need to export more to clean up and rebuild the part that was affected.

[xchrom]

8. Gold futures gain; Libya, Japan in focus United Nations approves a no-fly zone over Libya

http://www.marketwatch.com/story/gold-futures-gain-as-traders-eye-libya-japan-2011-03-18?dist=markets

LONDON (MarketWatch) — Gold futures climbed early Friday, as investors sought the perceived safety of the precious metal after the United Nations approved a no-fly zone over Libya and Japanese authorities struggled to bring a crippled nuclear plant under control.

Gold for April delivery gained $8.90 to $1,413.10 an ounce in electronic trading on Globex.

[Demeter]

15. "The Situation is Japan is Dire. It's Grave" By Mike Whitney

http://www.informationclearinghouse.info/article27686.htm


...Hidehiko Nishiyama, an official with the Economy Ministry, issued this warning to people living in the vicinity of Fukushima:

"Now we are talking about levels that can damage human health....Please do not go outside. Please stay indoors. Please close windows and make your homes airtight. Don't turn on ventilators. Please hang your laundry indoors."

The radiation level in the capital, Tokyo, was recorded at 10 times normal on Tuesday evening, but the city government said there was no threat to human health...

Radiation From Japan Detected At O’Hare Airport

http://chicago.cbslocal.com/2011/03/17/radiation-from-japan-dectected-at-ohare-airport/

...President Obama says he’s confident dangerous levels of radiation will not reach American shores.

“We do not expect harmful levels of radiation to reach the United States,” he said Thursday.

Obama’s homeland security chief said federal officials are monitoring incoming flights from Japan for even trace amounts of radiation and that none was detected on passengers or luggage...

Foreign bankers flee Tokyo as nuclear crisis deepens

http://finance.yahoo.com/news/Foreign-bankers-flee-Tokyo-as-rb-2138881658.html?x=0&.v=1

...Expatriate staff at most foreign banks in Tokyo make up a small portion of the total, by some estimates less than 10 percent. But many are often in senior positions so their departure can have a significant impact.

And while Japan's investment banking market is famously tough, it's an essential place for large banks to be and can produce hefty fees.

"The foreign banker presence on the ground in Tokyo now is very thin and depending on how long it takes them to return there could be lasting implications of that," said one banker. "Every time there's a washout of foreigners in Japan they never quite return in the same numbers."

With bankers joining the growing exodus, private jet operators reported a surge in demand for evacuation flights which sent prices surging as much as a quarter. One jet operator said the cost of flying 14 people to Hong Kong from Tokyo was more than $160,000...

[DemReadingDU]

24. Sounds very serious

Yet the media is spinning that there is nothing to worry about, I guess, to keep people from panicking.
:crazy:

[Demeter]

27. Hit to Japan’s economy will be ‘limited’, says Yosano

Japan’s growth will barely be affected by the earthquake and tsunami, and the economy may even expand faster than expected, its economy minister believes

Read more >>
http://link.ft.com/r/0QSDPP/2614Y1/LSLXF/401T8A/D4OIED/82/t?a1=2011&a2=3&a3=17

PLEASE REMOVE ALL SHARP-EDGED OBJECTS FROM THIS MAN'S REACH...

[neverforget]

51. I want what this guy is smoking. A 9.0 earthquake, an enormous tsunami

and an ongoing nuclear disaster with 4 reactors with no end in sight and unknown consequences but everything will be fine. :crazy:

[Po_d Mainiac]

81. Remove?

Geez, let him play in a room full of straight edge razors. At least that way he only does damage to himself.

[Demeter]

28. Global industries consider options on supply chains

Supply chain specialists at companies around the world are struggling to assess the extent of the disruption to their manufacturing capability amid chaos in Japan following the earthquake

Read more >>
http://link.ft.com/r/0QSDPP/2614Y1/LSLXF/401T8A/TPIBG6/82/t?a1=2011&a2=3&a3=17

[Demeter]

35. Honda Uncertain on Restarting Japan Plants

http://www.marketwatch.com/story/honda-uncertain-on-restarting-japan-plants-2011-03-18

Honda Motor Co. said Friday that it will suspend automobile and motorcycle assembly operations in Japan through Wednesday, as some of its suppliers need more time to restore their production facilities damaged by the devastating quake a week ago.

The statement followed a warning from Honda to U.S. dealers that it isn't sure if it will be able to resume full production at certain Japanese plants before May, a sign the auto industry may face greater disruption due to the earthquake and tsunami than previously feared.

Honda and several other Japanese auto makers have halted production in Japan due to the chaos caused a week ago. None have given a target date for when production will restart...

[Demeter]

36. Japan crisis a threat to companies' supply routes

http://www.google.com/hostednews/ap/article/ALeqM5jEJ4X80BGhTodAp1I_q7Lkqga7bw?docId=2900dd45d6634ae8a4a29406ad70bb40

...Among the auto plants damaged by the quake was one in Miyagi prefecture that supplies parts for hybrid batteries in Toyota Prius, Camry and Lexus hybrids. It's unclear when the plant, a joint venture of Toyota and Panasonic, will start running again.

Even companies whose Japanese suppliers escaped damage have scrambled to ensure supply lines remain intact. Ford, for example, relies on a Japanese plant for hybrid batteries for its Fusion, Escape and MKZ hybrid vehicles. That plant wasn't damaged in the quake. But Ford isn't taking any chances because of the transportation troubles in Japan. It's looking for alternate supplies and is looking into airlifting parts if shipping shuts down.

"The whole thing could change overnight," says spokesman Todd Nissen.

Automakers around the world have tried to copy the Japanese car manufacturing system, which is regarded as lean and cost-efficient. It's built around tight links between an automaker and its multiple suppliers. But if a kink develops in that system, known as the supply chain, an entire assembly line can shut down within hours...

[Demeter]

37. Global manufacturers wrestle with Japan supply gaps

http://www.reuters.com/article/2011/03/18/japan-supplychain-idUSL3E7EI0AR20110318

* GM idles U.S. pick-up plant

* Apple may face parts delays for iPad 2 - iSuppli

* Logistics, power outages, fuel shortages add to woes

* Boeing Dreamliner galley maker warns of delivery delays

[Demeter]

63. Japan sprays more cash over jittery markets

http://mdn.mainichi.jp/mdnnews/business/news/20110317p2g00m0bu047000c.html

Japan's central bank sprayed more cash over jittery money markets Thursday as ATMs at a major bank suffered a two and a half hour outage nationwide and the yen shot to a record high.

The Bank of Japan injected an additional 6 trillion yen ($76.7 billion) in same-day funds after the dollar hit 76.25 yen in the morning -- an all-time low in the aftermath of Friday's 9.0 magnitude quake and tsunami that killed thousands and triggered an unfolding nuclear crisis. With same-day funds, banks in need can access cash immediately.

Mizuho Bank, Japan's third biggest lender, couldn't immediately explain the failure of its 5,600 automatic cash dispensing machines, adding to already rattled nerves. The machines were operating again by midday after going offline at about 9 a.m.

Driving the yen to unprecedented highs were predictions that big Japanese investors like insurance companies would repatriate funds from overseas en masse to cover the cost of tsunami damage to northeastern Japan, said Masafumi Yamamoto, chief foreign exchange strategist at Barclays Capital in Tokyo.

The repatriation hasn't happened yet, so the volatility is "highly speculative," he said. The market is now betting that the finance ministry and Bank of Japan will intervene to sell the dollar and weaken the yen. A strong yen hurts Japan's exporters, potentially deepening the already severe hit to the world's No. 3 economy from the multiple disasters...

[Demeter]

65. Japan May Face ‘Irreversible’ Damage to Its Power Capacity, Citigroup Says

http://www.bloomberg.com/news/2011-03-17/japan-may-face-irreversible-damage-to-its-power-capacity-citigroup-says.html

...Power supply may be reduced by 54 percent under a worst- case scenario to companies reliant on Tokyo Electric Power Co., Murashima said. That calculation is based on the company suspending operations at all nuclear plants and thermal power plants being unable to resume operating, the note said...

[Robbien]

53. They already know that running power to the reactors won't help.

Little talked about Reactors 5 & 6 are currently cooling their spent rods. Run on an emergency generator, the cooling system has been operating since the beginning of the disaster. It doesn't seem to be effective. Water levels are dropping and temperatures are rising. Temperature is now at two times normal and rising.

Compared to temperatures at the very troublesome and unpowered Reactor No. 4 which is at three times normal.

this story buried in this article:
http://www.bloomberg.com/news/2011-03-18/japan-unit-4-pool-s-heat-exceeded-three-times-normal-iaea-says.html


but shhh, don't tell anyone. Everything is fine. This extension cord will work. <wink>

[Demeter]

19. General Mills set to swallow Yoplait

General Mills, the US foods group, is understood to have won the hotly contested battle for Yoplait, in a deal that values the French yoghurt maker at an enterprise value of €1.6bn.

The price is higher than expected and sharply above the €1.4bn-valuation bid from French private dairy company Lactalis, which was rejected as being too low.

Read more >>
http://link.ft.com/r/M2ZOXX/6VBIDL/52KB7/V19RJX/M95LNN/W1/t?a1=2011&a2=3&a3=17

I'M GUESSING THEY LAUGHED THE CHINESE OFFER RIGHT OFF THE TABLE...

[Demeter]

21. US banks plead to limit range of swap rules

US banks are urging regulators writing new rules for the derivatives markets under 2010’s Dodd-Frank Act to keep their hands off the banks’ swaps businesses in London and other overseas financial centres.

The lobbying efforts highlight the fact that regulations are being written at different speeds in different countries, allowing for “regulatory arbitrage”, which officials have sought to stamp out. The US government had to bail out insurer AIG because of soured swap trades by a London-based division.

Read more >>
http://link.ft.com/r/BLH300/XTFVN1/9MEOW/FXV2A0/5C17RF/CM/t?a1=2011&a2=3&a3=16

[masmdu]

22. As per post on Wed. S&P emini ES to reach 1290

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4772987#4773783

Should pop to 1290 (almost there 1287.5).

If 1290 is exceeded and 1303-06 can be bested and held then don't fall in love with the downside, up to 1450.

if not, then a retrace to to 1215-35 before up to marginal new highs.

(NOT TRADING ADVICE-just my observations)

[Fuddnik]

41. Get a snorkel.

It will be underwater soon.

[Demeter]

25. FDIC seeks $900m from ex-WaMu chiefs

The Federal Deposit Insurance Corporation is seeking to recover $900m in damages from three former executives of Washington Mutual, the largest retail bank to fail in US history

Read more >>
http://link.ft.com/r/XYEWFF/M9XGBV/HI3M9/0GN1X6/OJWHX3/36/t?a1=2011&a2=3&a3=18

LET THE CLAWBACKS BEGIN!

[Demeter]

30. Ex-Freddie Mac chief faces SEC civil suit

Richard Syron has received a formal notice that the Securities and Exchange Commission plans to pursue civil claims against him over failures to appropriately disclose the company’s exposure to risky mortgage loans

Read more >>
http://link.ft.com/r/A1TNOO/40TW6X/3CWTA/5CLH6V/TPIB66/ID/t?a1=2011&a2=3&a3=17

[Demeter]

26. New York Times launches online charging

The company‘s ‘metered’ subscription model is set to start a closely-watched experiment in whether US newspapers can wean readers off a habit of finding news online for free

Read more >>
http://link.ft.com/r/XYEWFF/M9XGBV/HI3M9/0GN1X6/UUE0Q2/36/t?a1=2011&a2=3&a3=18

[Demeter]

29. Fed opposes single surcharge for banks

The US will not support a single capital surcharge for the world’s biggest financial groups, the Fed’s top bank supervisor said, in an apparent boost for some of the industry

Read more >>
http://link.ft.com/r/0QSDPP/2614Y1/LSLXF/401T8A/263AZC/82/t?a1=2011&a2=3&a3=17

[Demeter]

32. ICELAND BANKING CRISIS

Tchenguizes win right to pursue claims

Robert and Vincent Tchenguiz win court ruling that will allow them to pursue claims of more than £1bn against the Icelandic bank in the UK

Read more >>
http://link.ft.com/r/A1TNOO/40TW6X/3CWTA/5CLH6V/EW0ESF/ID/t?a1=2011&a2=3&a3=17


Tchenguiz plans to restructure £2bn debt pile


Vincent Tchenguiz said that the banks that backed his property business had been given reassurances following SFO arrest

Read more >>
http://link.ft.com/r/XYEWFF/M9XGBV/HI3M9/0GN1X6/5C1XL5/36/t?a1=2011&a2=3&a3=18

[xchrom]

45. i'm not registered so i can't read the article.

what's gonna happen with the uk? does it say more?

[Demeter]

56. Just because you asked (and I still had a few free reads left)

In a high court ruling today, the court dismissed the application by Kaupthing Bank to strike out the claim by the Tchenguiz Family Trust for damages of more than £1bn. The English Court found that it has jurisdiction to hear the claim, which is subject to English law.

Trusts owned by the brothers have made claims against the Icelandic bank to cover losses that resulted from its collapse in 2008. The brothers were among the biggest borrowers from Kaupthing during the property boom.

Consensus is the principal adviser to the Euro Group, which is beneficially owned by the Tchenguiz Family Trust and also a claimant in the proceedings...The brothers were arrested and were released without charge alongside seven others last week in the UK and Iceland as part of the extension of the probe into why Kaupthing collapsed.

Weil, Gotshal & Manges LLP, legal advisers to Kaupthing said: “The English court was not asked to, and did not consider the substance of the Tchenguiz Trust claims. This in effect, is a judgment on procedure only. The merits of the underlying claims are extremely weak and they are already being dealt with by the Icelandic Courts.”

[xchrom]

70. thank you! -- i was confused -- so it's only on procedure

the brothers are still in hot water?

[Demeter]

72. Who Isn't?

and I include myself in that cliche...

[Po_d Mainiac]

74. copy paste below link..then connect to article...

http://www.google.com/search?q=Tchenguizes+win+right+to+pursue+claims&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#hl=en&client=firefox-a&hs=cny&rls=org.mozilla:en-US:official&tbs=nws:1&sa=X&ei=U5ODTYyyL-6z0QH0rsG_CA&ved=0CCEQBSgA&q=Tchenguiz%27s+win+right+to+pursue+claims&spell=1&bav=on.2,or.r_gc.r_pw.&fp=f34f084ab56ca9ee

Google any of the headlines Demeter posts, and you can always
get to FT's articles (registration not required)

[xchrom]

76. thank you. nt

[Po_d Mainiac]

77. Da Nada

I figgurred it out by mistake

[Demeter]

33. Drug companies and scientists ire over budget cuts

Drug companies and scientists have sharply criticised federal budget cuts to medical research funding, voicing fears that efforts to develop new drugs could be severely hampered.

Read more >>
http://link.ft.com/r/0QSDPP/0GP78J/52KB7/YHRN3S/M95NDJ/B7/t?a1=2011&a2=3&a3=17

[Demeter]

54. Ire? "Ire" AS A VERB? AND THESE GUYS ARE ENGLISH?

HENRY HIGGINS IS ROLLING IN HIS GRAVE.

[Demeter]

34. CHOMSKY ON MIDDLE EAST DEMOCRACY, US OIL INTERSTS, AND HISTORY: Fake Democracy

http://www.informationclearinghouse.info/article27698.htm

[Demeter]

38. Diablo Canyon nuclear plant 'near miss' in report

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/03/17/BUA01IDTUO.DTL&tsp=1

For 18 months, operators at the Diablo Canyon nuclear plant near San Luis Obispo didn't realize that a system to pump water into one of their reactors during an emergency wasn't working.

It had been accidentally disabled by the plant's own engineers, according to a report issued Thursday on the safety of nuclear reactors in the United States.

The report, from the Union of Concerned Scientists watchdog group, lists 14 recent "near misses" - instances in which serious problems at a plant required federal regulators to respond.

The report criticizes both plant operators and the Nuclear Regulatory Commission for allowing some known safety issues to fester.

"The severe accidents at Three Mile Island in 1979 and Chernobyl in 1986 occurred when a handful of known problems - aggravated by a few worker miscues - transformed fairly routine events into catastrophes," the report notes.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/03/17/BUA01IDTUO.DTL#ixzz1GxOoQbwz

[Demeter]

39. With U.S. Nuclear Plants Under Scrutiny, Too, a Report Raises Safety Concerns

http://www.nytimes.com/2011/03/18/science/earth/18scientists.html


...one such lesson was already at hand: the need for a wider evacuation zone around American nuclear plants.

Mr. Lyman criticized a recommendation on Wednesday by the Nuclear Regulatory Commission that Americans in Japan remain at least 50 miles away from the Fukushima Daiichi plant, which Mr. Jaczko, the commission chairman, said was leaking radiation at rates far higher than Japanese government officials had suggested.

Mr. Lyman suggested that the commission was being hypocritical: the official evacuation zone surrounding nuclear power plants in the United States is only 10 miles, although critics have long urged that it be increased.

The agency “should not be using different standards for Americans abroad than it does at home,” Mr. Lyman said.

Citing plants like the Indian Point nuclear plant, about 35 miles north of New York City, Mr. Lyman, a physicist and member of the Institute of Nuclear Materials Management, called it “utterly unrealistic” to expect that a parallel evacuation could be undertaken should a disaster like the earthquake or tsunami in Japan occur in the United States.

But Mr. McIntyre, the regulatory commission spokesman, said the agency continued to believe that a 10-mile evacuation zone — required as part of the emergency protection plant at every nuclear facility in the United States — was adequate for what would be an “anticipated event.” In Japan, he emphasized, “you have a multiple-worst-case scenario.”

Mr. McIntyre also noted that the standard evacuation zone for American nuclear plants was backed up by a “50-mile ingestion zone,” in which potential radiation contamination of food supplies is planned for. He said the 10-mile evacuation zone could be expanded as circumstances warranted.

[hamerfan]

43. The casino is open!

Place your bets, suckers!
At 9:52AM:
DOW... +119
NASDAQ... +21
S&P500... +13

[Demeter]

55. CONSPIRACY THEORY NUMBER ?

Does it not look like there are "goals" for our "Free Markets(patent pending)"?

After all, the DOW HAS to stay around 12000...no slump will be tolerated. The currencies cannot fluctuate without being beaten down(unless there's a planned putsch in the currency markets to take down the Euro, or something). The Almighty Dollar must stay in a certain range....so that oil stays in a certain range...

And of course, none of the TBTF must go under.

Bah, Humbug!

[cbdo2007]

67. Definitely winning today. May cash out as we definitely could fall again next week.

[xchrom]

47. US Cost of Living Hits Record, Passing Pre-Crisis High

http://www.cnbc.com/id/42130406

One would think that after the worst financial crisis since the Great Depression, Americans could at least catch a break for a while with deflationary forces keeping the cost of living relatively low. That’s not the case.

A special index created by the Labor Department to measure the actual cost of living for Americans hit a record high in February, according to data released Thursday, surpassing the old high in July 2008. The Chained Consumer Price Index, released along with the more widely-watched CPI, increased 0.5 percent to 127.4, from 126.8 in January. In July 2008, just as the housing crisis was tightening its grip, the Chained Consumer Price Index hit its previous record of 126.9.

[Fuddnik]

52. Disaster headed for Tampa!

Charlie Sheen road show coming to Tampa

By The Tampa Tribune
Tampa Bay Online Tampa Bay Online
updated 20 minutes ago

TAMPA — Charlie Sheen is turning his rants into a stage show and it's coming to Tampa.

The ousted "Two and a Half Men" star is taking to the road with his "Violent Torpedo of Truth/Defeat Is Not an Option" solo tour and it stops in Tampa on April 22, according to a report in the Hollywood Reporter.

Tickets go on sale Saturday via Ticketmaster for the event scheduled for the St. Pete Times Forum in Tampa.

So far, Sheen is booked in 14 cities and the first stop in New York City at Radio City Music Hall has already sold out. More cities are expected to be added as this is a train wreck not to be missed.

Sheen, who as referred to himself as warlock with tiger blood, says people will laugh, scream and hear the truth. But it will cost between $46.75 and $86.75 to hear him.

In addition, Sheen is offering fans at some stops a meet and greet, first row seating and an autographed photo for $750.

http://www.msnbc.msn.com/id/42150018

[Demeter]

60. RADIOACTIVE PLUME DUE IN CA ON FRIDAY

Small amounts of radiation headed for California, but no health risk seen

Very low levels of radioactive isotopes from the damaged Japanese nuclear plant are expected to reach California as soon as Friday, but experts say the amount will be well within safe limits. A network of radiation monitors is keeping close watch...Small amounts of radioactive isotopes from the crippled Japanese nuclear power plant are being blown toward North America high in the atmosphere over the Pacific Ocean and will reach California as soon as Friday, according to experts.

A network of sensors in the U.S. and around the world is watching for the first signs of that fallout, though experts said they were confident that the amount of radiation would be well within safe limits.

Operated by the Environmental Protection Agency, the U.S. network known as Radnet is a system of 100 radiation monitors that work 24 hours a day, spread across the country in places such as Anaheim, Bakersfield and Eureka. In addition, a network of 63 sensors is operated by the Comprehensive Test Ban Treaty Organization, an international agency allied with the United Nations.

Atmospheric experts said the material should begin showing up on the West Coast as early as Friday, though it could take up to an additional week for the 5,000-mile trip from Japan to Southern California. Although the organization has told its member countries that the first indication of radiation would hit on Friday, the plume from a North Korean nuclear test in 2006 took about two weeks to travel to North America, U.N. officials said...

...................................

The NRC released computerized projections showing that within half a mile of the plant, radiation levels were so high that one could receive a fatal dose, and that even 50 miles away one could receive more than 16 times the average annual dose all people are exposed to from natural sources.

Those numbers were sharply higher than ones the NRC released days earlier. But although the Fukushima reactors are leaking more radiation now, experts continued to say that the particles would wash out of the atmosphere before they could reach the U.S.

So far, Tokyo Electric Power Co., which operates the Fukushima facility, and the Japanese government have not released any measurements or estimates of the total amount of radioactivity released by the accident. These numbers would be crucial to better project whether the material could affect other Asian nations, the Pacific islands or even the U.S....It appears that all of the models, however, are not based on measurements of radioactivity at the source and a projection of actual radioactive fallout in the U.S., but rather project a relative scale of radioactivity. Since Japanese authorities have said little about the amount of the releases at Fukushima, nobody can say how much radioactivity will hit California....

http://www.latimes.com/news/science/la-sci-japan-nuclear-usa-20110317,0,1431467.story

SUPPOSEDLY ALASKA'S ALEUTIAN ISLANDS WERE HIT THURSDAY...

[Fuddnik]

64. I saw a twit on CNN yesterday.

Somebody had it on the TV on the treadmill next to me at the gym.

He said this stuff is only radioactive for a few seconds, then it's gone. Nothing to worry about.

And they wonder why they're rated so low.

[Demeter]

61. TARP Watchdog: Big Banks Got Unfair Advantage

I REALLY SHOULDN'T BE POSTING THIS HERE--IT'S HARDLY LATE-BREAKING NEWS...

http://online.wsj.com/article/SB10001424052748703818204576206482220073322.html?mod=dist_smartbrief

The federal rescue of the financial system in 2008 has provided large financial institutions with an unfair advantage in the form of cheaper access to credit, a bailout watchdog warned Thursday.

"Absolutely and unambiguously the financial markets believe more than ever that the United States government will step in and save the 'too big to fail' institutions should there be another financial shock," Neil M. Barofsky, the special inspector general for the Troubled Asset Relief Program, said at a hearing of the Senate Banking Committee.

The financial-system rescue plan, known as TARP, was launched by the Bush administration in fall 2008 at the height of the financial crisis. It was initially estimated to cost as much as $700 billion, though the latest Congressional Budget Office report says the final price tag would be about $25 billion. Mr. Barofsky announced in February that he would be leaving his position as the special inspector general for TARP on March 30.

The government safety net provides the motivation to take greater risks than they otherwise would in search of ever-greater profits, Mr. Barofsky added.

[Demeter]

62. US GOVT 3 WEEK REPRIEVE: Obama signs short-term spending measure that includes some easy cuts

http://www.washingtonpost.com/politics/as-congress-considers-short-term-budget-cuts-some-decisions-seem-easy/2011/03/17/ABMTJLl_story.html?hpid=z3

President Obama signed a new stopgap budget bill on Friday morning, keeping the federal government open until April 8. The measure passed the Senate on Thursday afternoon, and the House earlier in the week.

The bill will cut $6 billion in federal spending. That makes twice this month that lawmakers from both parties have agreed to slash billions from the budget.

Obama signed the bill--the sixth “continuing resolution” passed this fiscal year, as short-term fixes in the absence of a yearlong budget--before he left on a trip to Central and South America. The White House has said Obama wants Republicans and Democrats to stop this approach, and agree on a spending plan to last the rest of the fiscal year.

This measure does not get the two sides any closer to that deal. It just puts three more weeks on the clock...For one of those three weeks, Congress will be on recess. And the two sides began their key negotiations Thursday with an argument — over how they should negotiate.

Schumer said that House Republicans should make the next move, by offering a proposal that’s closer to what Democrats will accept.

Republicans said the opposite.

[Demeter]

66. Venezuela Freezes Plans for Nuclear Power

http://laht.com/article.asp?ArticleId=389636&CategoryId=10717

President Hugo Chavez has announced a freeze in plans to develop nuclear power in Venezuela due to the growing emergency at a nuke plant in earthquake-stricken Japan.

“I ordered ... us to freeze the plans we’ve been moving forward on, very preliminary studies, for the peaceful Venezuelan nuclear program,” said Chavez at a ceremony to sign several agreements with a Chinese company.

The president said that while “the magnitude (of the crisis at Japan’s Fukushima plant) is still not precisely known,” the events there will certainly alter plans surrounding this form of energy production worldwide.

“It’s very sad what has been seen, a tragedy, a catastrophe. What’s happening in the last few hours is absolutely risky and dangerous for the entire world,” said Chavez with regard to the ongoing events in Japan...

[Demeter]

68. MEANWHILE, BACK AT THE RANCH...

...In the midst of the two most serious international crises of his presidency – the civil strife in the Middle East and the growing environmental disaster in Japan – Barack Obama played golf...for the 61st time since his Inauguration...

DAILY RECKONING.COM

SHADES OF W!


Maybe the Dow's and the President's seeming indifference to overseas crises is appropriate, maybe it's delusional.

It's true that Libya and Japan are both very far away. The President and the Dow are both right about that. But it's also true that an unchecked foreign crisis sometimes becomes a major domestic crisis. In other words, sometimes we should care about what happens "over there," not merely for the sake of humanity, but for the sake of (financial) self-preservation. NOT TO MENTION POLITICAL!

http://dailyreckoning.com/whos-holding-the-bag/


Insurance companies are logical victims of the Japanese disasters; the Libyan opposition, less so. Suffice it to say that the rebels' fortunes began to fade the moment the Japanese tsunami kicked Libya off the front pages of the world's newspapers...and President Obama resumed tuning up his golf game...

[Demeter]

71. OR AS OLIPHANT PUT IT:

http://imgsrv.gocomics.com/dim/?fh=14a36c066004d90075e51154bfd972bb&w=750.0

[Demeter]

69. CFTC to miss swaps regulatory deadlines-chairman

http://www.reuters.com/article/2011/03/16/futures-gensler-idUSN1612269120110316



* Will finalize rules in three groups, starting in spring

* Definitions for swap dealers, end users will come first

* Dunn: plan may alleviate concerns about the rules

* Sommers: disappointed swaps definitions to come near end
(Adds background, comments from lawmaker, commissioners)

By Roberta Rampton

BOCA RATON, Fla., March 16 (Reuters) - The U.S. futures
regulator will begin finalizing rules for the over-the-counter
swaps markets in spring but will miss July deadlines for many
regulations set by financial law reforms, its chairman said.

Gary Gensler on Wednesday sought to appease critics in the
industry and on Capitol Hill who have said the Commodity
Futures Trading Commission unveiled its rules in a hurried
jumble, making it hard to assess the impact on swaps trade,
worth about $600 trillion globally.

The CFTC will try to first finalize rules defining swaps
dealers and major swaps participants early in the process --
who will be subject to the toughest scrutiny under the law --
as well as "end users" who will be exempt from requirements to
clear trades, Gensler told a Futures Industry Association
conference...

[Demeter]

75. Act Now! Pirates Offer Discounts on Select Ransoms

http://www.wired.com/dangerroom/2011/03/act-now-pirates-offer-discounts-on-select-ransoms#

Danger Room What's Next in National Security
Previous post
Next post
Act Now! Pirates Offer Discounts on Select Ransoms

* By Adam Rawnsley Email Author
* March 14, 2011 |
* 2:15 pm |
* Categories: Terrorists, Guerillas, Pirates
*

They’re overstocked! They’re slashing prices! They won’t be undersold! Sound like a local mattress sale commercial? Nope, it’s actually a Somali pirate gang talking about the great deals they’re offering on ransoms.

A group of Somali pirates announced Sunday that they’re cutting their asking prices for hostages by 20 percent — to speed up the negotiation process, make room for more hostages and take in more cash.

“We want to free ships within a short period of time instead of keeping for a long time and incurring more expenses in guarding them. We have to free them at a lower ransom so that we can hijack more ships,” Reuters quoted one pirate spokesman as saying.

When the European Union’s anti-piracy task force last took count on March 1st, Somali pirates were holding around 30 ships and 659 hostages. And, at an average ransom of about $5.4 million a ship, that’s a pretty sweet deal for pirates, who raked in an estimated haul of around $238 million last year.

Apparently, it’s not as efficient as it could be to take care of all of those hostages during the increasingly lengthy negotiation process. So, pirates are willing to take a 20 percent hit on ransoms to speed things up and make room for yet more hijack victims.

This isn’t an “every hostage must go” kind of sale, though. The discount won’t apply to “bulk ships,” only to those hijacked for use as mother ships. It might be worth waiting a little while on the ransom negotiations with the bigger shipping companies. Somali pirates are currently sitting on two oil tankers, the Savina Caylyn and the Irene SL,, and oil tankers have historically brought in some of the biggest ransoms.

The attempt to cut down on overhead costs and squeeze the profit out of every penny of ransom is yet another example of piracy’s imitation of the legitimate business world. In 2009, pirates in the Somali port of Haradheere had to set up a stock market to coordinate the capital invested in their operations.
“We have changed our previous strategies. We have altered our operations and ransom deals with modern business deals,” one pirate tells Reuters. Act now while supplies last. Or, until the international anti-pirate fleet intervenes.

[Demeter]

79. Set my dividend free, but stop buybacks COMMENTARY

http://www.marketwatch.com/story/set-my-dividend-free-but-stop-buybacks-2011-03-18?siteid=YAHOOB

...There are a few, not insignificant, problems with this. First, banks can ill afford to start handing out cash to investors given the uncertainty in the markets. Having not enough money on hand was the problem with the last financial crisis.

Secondly, share buybacks historically don’t do what they’re supposed to: lift the stock...

BUT THAT WON'T STOP ANYBODY...

[RUMMYisFROSTED]

80. "Happy days are here again..."

[Festivito]

82. Debt: 03/16/2011 14,232,849,993,955.10 (DOWN 5,102,282,943.59) (Wed, UP some.)

(Good day.)
What are ya do'n there.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,619,622,421,602.38 + 4,613,227,572,352.72
UP 1,148,655,957.01 + DOWN 6,250,938,900.60

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 312-Million person America.
If every American, man, woman and child puts in $3.21 THAT'S 1B$, and $3,209.44 makes 1T$.
A family of three: Mom, Dad, Child: $9.63, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 311,580,992 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $45,679.46.
A family of three owes $137,038.37. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 20 reports in the last 30 to 28 days.
The average for the last 20 reports is 5,148,015,178.88.
The average for the last 30 days would be 3,432,010,119.25.
The average for the last 28 days would be 3,677,153,699.20.
There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 251 reports in 365 days of FY2010 averaging 6.58B$ per report, 4.53B$/day.
There were 115 reports in 167 days of FY2011 averaging 5.84B$ per report, 4.02B$/day.
Above line should be okay

PROJECTION:
There are 676 days remaining in this Obama 1st term.
By that time the debt could be between 15.2 and 17.7T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
03/16/2011 14,232,849,993,955.10 BHO (UP 3,605,972,945,042.02 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,671,226,963,063.40 ------------* * * * * * * * * * * * * * * * BHO
Endof11 +1,467,052,943,222.40 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
02/24/2011 -006,532,296,295.79 --
02/25/2011 +025,792,712,781.54 ------------**********
02/28/2011 +054,201,582,504.95 ------------********** Mon
03/01/2011 -002,977,641,960.04 --
03/02/2011 +000,044,996,229.28 ------------*******
03/03/2011 +008,400,855,808.94 ------------*********
03/04/2011 +000,116,571,384.45 ------------********
03/07/2011 +000,111,602,744.60 ------------******** Mon
03/08/2011 +000,276,984,022.19 ------------********
03/09/2011 +000,555,472,651.94 ------------********
03/10/2011 -020,814,859,511.27 -
03/11/2011 +000,832,058,508.78 ------------********
03/14/2011 +000,380,093,829.66 ------------******** Mon
03/15/2011 +066,006,214,426.70 ------------**********
03/16/2011 +001,148,655,957.01 ------------*********

127,543,003,082.94 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4774859&mesg_id=4774874

[Festivito]

83. Debt: 03/17/2011 14,223,730,274,180.80 (DOWN 9,119,719,774.30) (Thu, DOWN a lot.)

(Good day.)
Oh, I'm full. That banana pudding put me way over the top.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,604,705,993,165.07 + 4,619,024,281,015.73
DOWN 14,916,428,437.31 + UP 5,796,708,663.01

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 312-Million person America.
If every American, man, woman and child puts in $3.21 THAT'S 1B$, and $3,209.36 makes 1T$.
A family of three: Mom, Dad, Child: $9.63, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 311,588,192 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $45,649.13.
A family of three owes $136,947.39. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 20 reports in the last 30 to 28 days.
The average for the last 20 reports is 5,007,048,349.52.
The average for the last 30 days would be 3,338,032,233.01.
The average for the last 28 days would be 3,576,463,106.80.
There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 251 reports in 365 days of FY2010 averaging 6.58B$ per report, 4.53B$/day.
There were 116 reports in 168 days of FY2011 averaging 5.71B$ per report, 3.94B$/day.
Above line should be okay

PROJECTION:
There are 675 days remaining in this Obama 1st term.
By that time the debt could be between 15.1 and 17.7T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
03/17/2011 14,223,730,274,180.80 BHO (UP 3,596,853,225,267.72 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,662,107,243,289.10 ------------* * * * * * * * * * * * * * * * BHO
Endof11 +1,438,506,808,336.44 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
02/25/2011 +025,792,712,781.54 ------------**********
02/28/2011 +054,201,582,504.95 ------------********** Mon
03/01/2011 -002,977,641,960.04 --
03/02/2011 +000,044,996,229.28 ------------*******
03/03/2011 +008,400,855,808.94 ------------*********
03/04/2011 +000,116,571,384.45 ------------********
03/07/2011 +000,111,602,744.60 ------------******** Mon
03/08/2011 +000,276,984,022.19 ------------********
03/09/2011 +000,555,472,651.94 ------------********
03/10/2011 -020,814,859,511.27 -
03/11/2011 +000,832,058,508.78 ------------********
03/14/2011 +000,380,093,829.66 ------------******** Mon
03/15/2011 +066,006,214,426.70 ------------**********
03/16/2011 +001,148,655,957.01 ------------*********
03/17/2011 -014,916,428,437.31 -

119,158,870,941.42 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4776591&mesg_id=4777794