I've never believed in the "repentance" of these unfortunate neoliberal, rather I think they try to wash my face to continue trying to impose their now if "good policies" accompanied by "good intentions" no doubt that to-morrow the same cause of so much poverty and misery, we want to sell the story that now if the policies they have are what humanity needs and again a bunch of freeloaders technocrats in developing countries tried to impose in their countries to continue giving to the transnational work product of the working class.
From bunnies Playboy to General Motors workers face unemployment.
The IMF initiated investigations into many financial companies, to be occupied by more agents.
New York, 22 October. You know things are really bad when they start to lay off the "bunny" of Playboy the encueratrices have fewer customers in the clubs, the escorts offer discounts, the FBI is investigating the "gentlemen" of large financial companies, once so "respected" and now accused of being drunk bandits, one of the gurus of unregulated capitalism admits is "not working" and the IMF chief is embroiled in a scandal over his romantic adventures amid the worst financial disaster since the Great Depression.
For now is the end of the party.
costs of financial crisis on Wall Street already appearing on the streets of cities, villages and camps in this country every day with announcements of job cuts and reduction of demand and consumption, and increased debt at the federal, state and personal.
Today Alan Greenspan, former Federal Reserve Chairman considered guru of the financial system, had to admit: "I made a mistake in assuming that self-interest of organizations, specifically banks and others were those who were most able to protect their shareholders and their interests in companies "and said that in his free market ideology" I found a flaw. I do not know how significant or permanent it is, but I've been very distressed by that fact, "he told a congressional hearing about the crisis.
For nearly two decades (until 2006), Greenspan controlled the U.S. central bank, where he promoted deregulation. Democratic Rep. Henry Waxman asked Greenspan if today does not work its ideology of free markets, to which he replied: "Absolutely, precisely. That is precisely the reason why I was surprised, because for 40 years or more I worked with considerable evidence that it worked exceptionally well. "
This "mistake" to rely on the virtues of "free market" to commit Greenspan and much of the political and economic leadership of this country has cost more disastrous every day.
General Motors and Chrysler today announced that more workers will cease on the thousands who have already settled, and in recent days, the drug maker Merck said it would cut 7 000 200 jobs, 12 percent of their payroll. Yahoo announced a cut of at least 10 percent of their workers. Xerox, about 3 000, with a long line of companies that are doing the same. All this is in addition to the unemployment figures have already been registered. According to calculations by the Economic Policy Institute, based on official figures, the number of unemployed has increased by 2.2 million over last year, coming in September to 9.5 million in total, the highest number in 15 years.
The financial industry itself could come to say goodbye to a total of 200 000, AP reported (110 thousand already have been lost to date). Goldman Sachs, an investment bank's most prestigious, announced today that it will cease to about 3 000 200.
On the other hand, the number of foreclosures has increased 21 percent, compared with a year ago, and some estimate that an average of 10 000 households are added each week. That is why one of the most boring annual events in general became almost red note this year. This week at the convention of the Mortgage Bankers Association held in San Francisco, someone tried to make a "citizen's arrest" of Karl Rove (political strategist for George W. Bush), reaching the podium and accusing him of "treason." Another table was interrupted by protesters demanding a moratorium on foreclosures, and inputs to meet is chanted slogans against the bankers.
This weekend, at least two demonstrations, one on Wall Street and another in Baltimore, have been called to denounce the bailout of banks and financial and demand suspension of foreclosures for families affected by this crisis.
The popular anger and the political game on how to respond to all this has forced it to announce a series of investigations by the FBI about the handling of some of the companies that are at the heart of the crisis, including Lehman Brothers and Mortgage giant Fannie Mae and Freddie Mac But these efforts will expand to other, and the task is so big that the FBI will have to double the number agents working in "financial crime."
At the same time, executives from AIG, the nation's largest insurer was rescued by 85 billion dollars by the federal government, now under investigation by the attorney general of New York, which has forced the company suspended payments on a bond fund for executives of 600 million, as well as a payment of 19 million that was to deliver to its former chief executive.
The state attorney general, Andrew Cuomo, denounced the idea of \u200b\u200bpaying bonuses to executives who led almost bankrupt the company. A couple of weeks the company caused an uproar when it was revealed that he spent hundreds of thousands of dollars on holiday in luxury hotels for dozens of its executives after being rescued with public funds.
And while this crisis is sweeping the country and the world, and all speak of a "global recession," the IMF attempts to answer what he called "the most serious financial crisis since the Great Depression." But just at this moment another crisis erupted: the revelation that Dominique Strauss-Kahn, IMF managing director, is under internal investigation to see if abused his power in favor of a mistress who worked with him and who resigned in August. Apparently the affair -Between Strauss-Kahn and Piroska Nagy, a senior official in the fund's Africa department, "threatens the reliability of his handling of the multilateral agency.
Thus, among gurus "free market" confessing that might not work, the old "masters of the universe" (Wall Street executives) under investigation, bankers under siege in their conventions, a president who has approval ratings lowest in history, millions paid and the costs of the crisis, and many analysts say it is just beginning.
to the "bunnies" from Playboy are waiting to see how many will lose their job with that company by massively reducing its offices in Los Angeles and New York, according to some versions of the media. And according to some reports, the clubs for "gentlemen" in New York are increasingly empty, with encueratrices dancing for fewer customers who pay less.
already turned off the music because it was the women, there is no pachangas all paid. The party is over.
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