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Reuters - Credit card industry to cut $2 trillion lines
"In other words, we expect available consumer liquidity in the form of credit-card lines to decline by 45 percent."
Bloomberg - Jobless Benefit Rolls Grow
NYT Blog - Workers Give Up
November payrolls fell 533K, the biggest drop in 34 years and much worse than the consensus -335K. And ( Read more... ) -
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Clusterfuck Nation - Mr.O
...Does [Obama] know that the current drop in oil prices (due to massive financial deleveraging) has resulted in the cancellation or postponment of the very oil production projects that were hoped to offset the coming depletions? It's not worth it for an oil enterprise (private or foreign) to drill in deepwater or ( Read more... ) -
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Seattle area Ford dealer running radio ads on KIRO radio.
Offer up to $14,000 off of MSRP.
If you take a test drive in the next 72 hours they will give you shares of Ford stock.
The announcer actually says, "We're desperate!" in a jovial "hot dogs and balloons for the kids!" tone of voice. I've heard the ad twice now. -
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Hedges - Truthdig
The Princeton Review analyzed the transcripts of the Gore-Bush debates, the Clinton-Bush-Perot debates of 1992, the Kennedy-Nixon debates of 1960 and the Lincoln-Douglas debates of 1858. It reviewed these transcripts using a standard vocabulary test that indicates the minimum educational standard needed for a reader to grasp the ( Read more... ) -
Fuck you consumerism!
Gakked from USA Today
Rick Warren (The Purpose Driven Life) is back in time for the holidays. The Purpose of Christmas (Howard Books, $17.99), on sale Nov. 4, is based on a Christmas sermon Warren gave at his Saddleback Church in California. First printing: 1.8 million copies. "It's our hope and the hope of Pastor Rick that The Purpose of ( Read more... ) -
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While packing boxes I've dipped into the library's Ark Angel series of the complete works of Shakespeare. Self conscious - I don't want to look like Snobby McSnobberson - I've told at least 2 librarians that listening to Shakespeare beats listening to talk radio -- which I sometimes still do and which is illuminating, often peculiarly, as in ( Read more... )