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[Cronkite] Business Headlines For September 29, 2009 | Cronkite: The US economy needs another cash infusion to take off, as the first stimulus package was insufficient to help the US consumer start spending, and longer-term it needs to devalue the dollar, investor Wilbur Ross told CNBC Tuesday.

[Interviews with Naomi Klein] Naomi Klein -- Shocking the World Bank and IMF Crowd With Her ...: If there is a serious author who poses a threat to "disaster capitalism," it is Naomi Klein. In her latest book, The Shock Doctrine: The Rise of Disaster Capitalism, Klein makes a cogent argument that the Milton Friedman school of economics (which has characterized American and European global economic policy for years) thrives on national economies that are in a melt down or in the midst of crises, many of the latter created as a result of IMF and World Bank policies.

[Foreign Policy In Focus] Foreign Policy In Focus | Empire Foreclosed?: The International Monetary Fund (IMF) would have railed against wanton economic mismanagement and warned creditors not to invest in that country unless the government promised sweeping reforms. Even without the institution's influence, textbook economics holds that, on seeing such signs of economic weakness, investors would shy away from the country, its currency would fall, consumers would no longer be able to afford as many foreign goods, and the economy would undergo a necessary, if painful, "correction."

Project Syndicate: Indeed, many developing countries, fearful of losing their economic sovereignty to the IMF - as occurred during the 1997 Asian financial crisis - accumulated hundreds of billions of dollars in reserves. Money put into reserves is income not spent.

[concernedafricascholars.org] concernedafricascholars.org » » Zimbabwe Ten Years On: Results and ...: The UNDP, however, took the lead and proposed that Zimbabwe should readjust to the world economy by means of shock therapy. This was an astounding conclusion, not only because the UNDP had previously distanced itself from IMF and World Bank orthodoxy, but also because shock therapy has been completely discredited worldwide, and because the world economy itself is collapsing.

[Economist's View] Economist's View: "Why This New Crisis Needs a New Paradigm of ...: Keiichiro Kobayashi believes these toxic assets, many of which are still hidden on bank balance sheets, are still a problem and could result in a Japan style lost decade if the government does not remove them, and he calls for a new macroeconomic paradigm that puts these issues front and center (On his main point about whether financial sector recovery is necessary before the real economy can recover, I think we will recover either way, but agree that recovery would be faster if these assets were removed once and for all - but I should get back on the road...):

[The Housing Bubble Blog] The Housing Bubble Blog » Bits Bucket And Craigslist Finds For ...: The IMF report is based on historical booms and busts and obviously should be updated to take into account today’s environment that IMO contains a much looser credit environment than historical booms which effects the timing of the bust. An adjustment should also be made to the damage that will result from the bust as it will be much worse this time.

[Martin D. Weiss' Blog] Peace and safety? Or sudden destruction? | Martin D. Weiss' Blog: I placed it in the best interest bank acc available at present here in the UK, only 2.5% variable but as the policy relied on the markets performance (FTSE) I wanted out, even though there is a bounce presently,I believe from your knowlegable advice that another down turn is more than possible which would be a risk I don’t want to take.

[Nouriel Roubini's Global EconoMonitor] RGE - The Dismal Outlook for the US and Global Economy and the ...: Access to some RGE EconoMonitors, including Nouriel Roubini's Global EconoMonitor, is reserved for registered users, so sign up now to read and comment on current postings. These writings are only a small part of the insights and commentary available through RGE Monitor.

[Martin D. Weiss' Blog] Today GM ”¦ tomorrow America: Will we survive? | Martin D. Weiss' Blog: My annuity investments have shrunk to less than a 1/2 mil and one: GenWorth makes it extremely difficult to manipulate the funds positioned in a variable annuity. NEVER use GenWorth for anything as they are a bunch of unethical business people.

[The Flag of the World] The Flag of the World » Blog Archive » Does Somaliland exist?: Again the enemy speaks, yalaxoow why don’t u get a grip hasn’t the time come for u and ur Darod clan to recognize the legitimacy of our sovereign state let us not forget Somaliland was the first to get independence out of all the territories, and also we the ISAAQ were the same people who got Djibouti its independence from he French basically we are the noblest of Somalis so accept this fact, because Allah has blessed us above you, Don’t think because Sool and Sanaag is inhabited by ur native Darod we will give it up blood was shed for this land and by god whoever tries to split it, his blood will be shed but god forbid that ever happens because I presume ur Darod are smarter than to get the mighty Isaaq angry u remember what happened to the last government, Oh ya that’s right it was TOPPLED by the number one resistance movement The SNM( Isaaq resistance Movement). Jealousy is a sickness which has no cure so die in ur rage while we advance and reach global supremacy u will wake up one day and see the Isaaq rule Somaliland as we do now, but even more firmly, the Darod that live under our mercy will continue to leave under our mercy because they are cowards and we are the greatest, never will they be allowed to join the government of what I hope will soon be called Jamuriya ISSAQIYA.

[Nouriel Roubini's Global EconoMonitor] RGE - RGE Monitor - 2009 U.S. Economic Outlook: The IMF assumes that the U.S. banking system carries about 60-70% of unsecuritized loan losses (and about 30% of mark-to-market losses on securitizations). Even assuming that future loan losses are fully discounted at current market .

[what's left] Zimbabwe's Lonely Fight for Justice « what's left: Archbishop Pius Ncube tells a gathering that “we must be ready to stand, even in front of blazing guns, that “this dictatorship must be brought down right now, and that “if we can get 30,000 people together Mugabe will just come down. I am ready to lead it.” (25) Arthur Mutambara boasts that he is “going to remove Robert Mugabe, I promise you, with every tool at my disposal” and that he’s not “going to rule out or in anything - the sky’s the limit.” (26) If I declared an intention to remove Tony Blair with every tool at my disposal, that no tool was ruled out, and I did so with the backing of hostile foreign powers, it wouldn’t be long before the police paid me a visit.

[Economist's View] Economist's View: Paul Krugman: Making Banking Boring: Vanguard allows free check writing from bond portfolios, so the same interest can be earned as on the particular portfolio to the time the check is cleared. However, checks have to be for $250 or higher otherwise a money market fund has to be used. ...... The devil is in the details and if this blog plunges the depths of an economic riddle, that is where it goes. What a mess our economy has become and I suspect we know its enormity better than most. ...

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