Is the Recession Over? (Smile.)
705P Eastern Time: Jon Hilsenrath, Wall Street Journal, re Ben Bernanke became Federal
Reserve chairman intent on making the central bank less personality-driven than
it was under Alan Greenspan and Paul Volcker. But as he confronts an economic
crisis that has pushed the Fed to shatter precedent and lend trillions of
dollars, Mr. Bernanke is waging a public-relations offensive that casts him in
the starring role. Bernanke PR Push Rewrites Fed
Script
720P: Joe Bel Bruno, Goldman CEO: New Pay Standards Needed Really
wrote on Mon, 04/13/2009 - 1:43pm. So lets see:
1. Mark to maybe
2. Post bonus amounts later
3. Get an
overnight deposit from the Fed to bloat the Balance Sheet
4. Postpone all accts
payable (issue IOUs)
5. Send a big check to O
6. Pay HP his ghost retainer.
735P: Professional Roundtable with Jodi Schneider, Congressional Quarterly, John Fund, Diana West, DianaWest.net, re Tax Day and the Teabag parties, re Obama and MExico, re the new Border Czar.
750P: Continued re Homeland Security targets veterans? Re the Obama administration hesitates about waterboarding.
805P: John Bolton, AEI, Gordon Chang, Forbes.com, re North Korea breaks off with the IAEA and the Six Party Talks, re what is to be done? North Korea to Boycott Six-Party Talks
820P: Roundtable on North Korea continues, re the United NAtions Security Council, re Beijing refuses to agree to new sanctions, re the farility of the North Korea regime.
835P: Jim McTague, Barron's, Financial Roundtable, John Tamny, Realclearmarkets.com, Tom Donlon, Barron's, re the banks report profits, can we trust the banks? Re Goldman Sachs aims to pay back TARP, will the Obama administration accept the money?
905P: Malcolm Hoenlein, re Durban II conference opens in Geneva, re the United Nations and organized and hysterical anti-Israel propoganda.
920P: Aaron Klein, WND, re the Obama administration commits to the Saudie plan for parallel talks for a two-state solution, Israel and PA, Israel and Syria.
935P: Richard Beeman, author, Plain, Honest Men: The Making of the American Constitution, re the drama and opera of the writing and rewriting of the Constitution by cranky, devious, sophisticated, ambitious young men, led by the bold and tireless James Madison in the spring and summer of 1787.
955P: Exeunt with Joseph Menn, Financial Times, re Computer
hackers stole more sensitive records last year than in the previous four
combined, with ATM cards and PIN information growing in popularity as targets.
___________________________
KFI-AM 640
705P Pacific Time: Nicholas Casey, Wall Street Journal, re next month, shipping giant AP Moeller-Maersk will make a move that was unlikely ten years back. A line of 6000 container ships that now goes to Southern California will go instead dock at Seattle. Why?
720P: Dawn Kopecki, Bloomberg, re Fannie,
Freddie Face Pressure to Revamp as Housing Collapse Wrecks Profits: Say good-bye to Fannie and
Freddie as you know them. The bailed-out mortgage finance companies will emerge
from their travails combined as one, broken up or with substantially reshaped
missions.
735P: Professional Roundtable Larry Johnson, No Quarter, Bill Roggio, Long War Journal, Hussein Yusuf, Somali national, re the pirates of Somalia, re Somali
Extremists Have al Qaeda Ties By Ali Soufan
Another failed state has become a training
ground for terrorists.
750P: Continued re the pirates of Somalia continued, re the prospect of a stable Somalia government.
805P: Barbara Kolm-Lamprechter, Hayek Institute, re the Austrian School of economics, re the prospect of recovery from the financial crisis.
820P: Bill Whalen, Hoover Institution, re the California economy and the sharp rise in unemployment, re the housing market collapse, re the
835P: Mark Rudd, author, "Underground: My Life with SDS and the Weathermen," re the 40 year travail of the outspoken and precocious leader of the Columbia University protest 1968, his life in the Weathermen, his life as a fugitive. Nostalgiac, sparse, banal, fascinating.
850P: Bob Zimmerman, author, "Universe In A Mirror," re NASA prep for Hubble rescue mission, re Kepler opens its eye and sends initial pics of its portion of the sky in Cygnus, re the aimless space policy of the Obama administration.
905P: Jim Rogers, Rogers Investment, from Singapore, re the prospect of a China led worldwide recovery, re the continuing commodity bull market, re the coming bull market in farm food.
920P: Joseph Sternberg, Asia Wall Street Journal, re Vietnam and the Obama administration, re Vietnam and the worldwide downturn in trade.
935P: Dave Cullen, author, "Columbine," re the April 20, 1999 massacre and ten years after, the continuing silence of the parents, the remains of the mystery, the measure of HArris as a psychopath and Klebold as a companions in the homicial dyad like Bonnie and Clyde, re the still damaged lives of the victims, the survivors, the loved ones of the lost.
955P: Exeunt: Lou Ann Hammond, re the GM shedding of Saturn, Hummer, GMAC, Saab, and?
Credit card thefts are rampant. Credit card/banking industry has known magstripe technology is old and insecure. Smart Card technology has been around for 20+ years yet has not been adopted. Billions are lost each year due to fraud.
I once paid a visit to a well-known retailer who was being attacked right under their noses, they were clueless, and repeatedly told me they were comfortable with their systems and the level of risk. Due to their "risk comfort", both me and my parents credit cards were compromised.
Corporations now buy insurance rather than fix glaring security vulnerabilities. Hackers placing spyware and trapdoors in our critical infrastructure (power, gas, telecoms) is VERY VERY DISTURBING. DHS does not consider our credit card systems at the retailers part of "critical Infrastructure" If a planned attack were to max out every credit card at the same time, it would take several weeks to restore the financial system.
The Payment card industry requires small and mid size retailers to only do a 200 dollar scan over the Internet and fill out a form. No checks are ever done to ensure the internal networks of mid size retailers are secure.
http://usa.visa.com/merchants/risk_management/cisp_merchants.html
-Wisdom
John,
Please restore the links to your broadcasts on KFI, WABC, etc.
Mark
Your website is missing the third hour of your program. I would love to hear the entire interview with the author you had on about the writing of the Constitution regarding James Madison. Please add to you website.
Also, your website does not have any book or music recommendations - I miss that from you old website.
thanks,
Sherry