Interesting Reads and Links for Wednesday, 18 January 2016: Earth Hotter, Fed Hikes, Juncker Retorts and More . . . .

Earth Sets a Temperature Record for the Third Straight Year   
   (New York Times)

Trump Team Prepares Dramatic Cuts   (The Hill)

Janet Yellen says Fed will hike rates a few times per year    (CBS)

History repeating itself? Toronto's long record of housing busts    (Huffington Post)

Hands off EU, Trump™; We don't back Ohio Succession: Juncker     (Reuters)

Four upcoming seminars around the USA where big crane companies will be hiring

(American Cranes and Transport)

Gates Foundation set to unload almost $10 Billion worth of Berkshire-Hathaway shares
(24/7 Wall St.)

American Apparel begins 2400 layoffs in California    (LA Times)    

Lowes layoffs 2400 full-time employees

(The Charlotte Observer) 

Ireland caught by EU in dealing favorable tax avoidance to Apple in return for employment of Irish citizens

Ireland caught by EU in dealing favorable tax avoidance to Apple in return for employment of Irish citizens

Ebay and Paypal will become separate companies

Jim Rogers Tells Larry Kudlow, "I'm much more a Capitalist than you, Larry. Let the damn banks fail!

Here's inimitable Jim Rogers being his usual testy self. At one point he looses his temper and says, "I'm much more a Capitalist than you are, Larry. Let the damn banks fail! Why are we saving the bondholders?"

Rogers also predicts Greece is not salvageable, Greece will go bust, and the Fed and ECB will waste more time and money with QE trying to backstop Greece.

Jim Corr of the Irish Band "The Corrs" Talks About "Robin Hood In Reverse"

Jim Corr of the Corrs talks more economic sense than 99.9% of all Politicians and Economists in Europe.

Corr proclaims what Ireland needs to do now: quit bailing out the bondholders and private shareholders of the Too Big To Fail Banks in his country. He states Ireland needs to follow Iceland's lead and feed the failure of the big banks to the people who supported the banks by purchasing bonds and failed derivatives. He advocates not forcing the failures of the banks onto the taxpayers who did not support the banks in the first place.

He says it is massive fraud in banking which privatized gains while socializing losses.

What Corr doesn't use are the words "Moral Hazard", but Jim Corr does introduce one free mention of "The Money Masters", a film which The Watchworld recently brought to light on this very blog.

If you have never watched "The Money Masters", click here now and educate yourself as to who controls the central banks of the most powerful nations on the planet.

Meanwhile . . . why does it take a musician from an Irish band to pose hardball questions which few elected politicians dare whisper?





p.s. And for those of you who have never heard The Corrs, here's one of my favorites by them, "When The Stars Go Blue" with some guy named Bono doing a stand in, LIVE:

Business/Economic News for July 13, 2010

Homeowners vs. Home-Loan Buyers

Treat reckless corporate behavior like DUI

The New Economy: Death By Savings

Dynasty Trusts Game No Taxed Pass Downs For The Rich: America Builds An Aristocracy

The Disappearing Intellectual in the Age of Economic Darwinism

James Howard Kunstler: "Where Have We Been? Where Are We Going?"

Charles Hugh Smith - "Con Of The Decade, Part 2"

U.K. Stocks Extend Drop After U.S. Housing Data Trails Forecast



Copper falls to lowest price in a week as US Housing starts lowest in a year

San Diego developers of giant condo project have yet to sell one of their 679 units, so they are renting them out, adding to San Diego's huge "Shadow Inventory"

Bush's Treasury Secretary, Henry "Golden Slacks" Paulson, Pays $24.5 Million For Aspen Mansion

The rich do it too – Los Angeles County and million dollar distressed properties. 1,947 homes in L.A. County valued at $1 million or more are three payments behind or in foreclosure. Beverly Hills prices down 31 percent from one year ago. 14 out 100 homes on the MLS are priced at $1 million and up

Disappearing Middle Class: 60 year old Florida Keys couple lose jobs and Islamorada home

Moody's expects debt levels for housing to stay at high levels for another 12 to 18 months, says foreclosures will not slow down any time soon

Revolving Door Sweetheart Deal: Ex-Senator Mel Martinez (R-FL) Named New Head Of Chase Bank's Florida Market

Hugh Hefner Wants To Buy Back Playboy And Take It Private

FDIC sues former Executives at Indymac's homebuilding loan division

Municipal broadband haters in NC dealt a blow

Take Two: US Issues Revised Offshore Drilling Band

Florida Keys Wake Up Call: Cuba Allows Spanish Company To Drill For Oil In Area Only 60 Miles Off Key West's Doorstep

Business/Economic News for July 9, 2010

Biggest defaulters on mortgages are the Rich, not the Poor

Business/Economic News - July 8, 2010 Edition

Some families in foreclosure live rent free, worry free

Need a job in South Florida? With nearly 53,000 pending foreclosures clogging the courts, Palm Beach County Clerk and Comptroller Sharon Bock is beefing up her payroll

More Than 12 Percent of Mortgages Nationwide Delinquent or in Foreclosure

Minnesota bankruptcies highest in a decade

BP Way Off on Oil Spill Cleanup Estimates

Pension for ex-top cop in CA: "The $215,000 Man"



THE END OF KEYNESIANISM?

EU CAPS Bank Bonuses: Company Performance To Dictate Bonus Pay

Business/Economic News - July 7, 2010 Edition

Gold hits 6-week low on China news
China promises not to dump US Treasuries or pile into gold

Mish:"Hussman Blasts Geithner, Bernanke, Keynes; Why Keynesian Stimulus Always Fails"

Which builders have the biggest Gulf Coast exposure?

BP Supposedly Ahead of Schedule on Drilling Relief Well by One Week

Peter Schiff: Jobs report reveals the truth about recovery

Wal-Mart's Sam's Club chain is teaming up with a lender to offer loans of up to $25,000 to its small business members

EU suggests raising retirement age to 70

The Economist looks at four letter word DEBT: "Repent At Leisure"

To Address Its Housing Shortage, Paris Cracks Down on Pied-à-Terre Rentals
Oil Trades Near $72 on Forecast Supply Drop, Europe Optimism

Louisiana and Scientists Spar Over How to Block Oil’s Approach

Next 10 days crucial to gulf spill

86 miles of Florida's coastline is now "oiled"

Foreclosures drop 49% in second quarter in South Florida

Can South Korea prevent the Housing Bubble from bursting there?

Harvard Professor, Ken Rogogg, co-author of "This Time It's Different", thinks USA not headed for Double-Dip Recession, but slow growth, a continuing slide in housing prices and unemployment

China Property Market Set for Healthy Correction



The 10 Biggest stock winners in 2010 for the first-half

States Are Projecting Massive Employment Layoffs

NASA sub-contractor to lay off 1,000 Space Shuttle workers

NY State Fair terminates union workers; thousands threaten boycott

Milan, MI city council refuses to hire for open positions as rumors swirl about a 200 person layoff at local auto supplier