Automobile Insurance Company Ratings

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As more and more media attention and announcements are being reported in the mainstream media with respect to our new President-Elect Barack Obama’s cabinet members, it has appeared to me that Mr. Obama’s campaign persona calls into question rather than as an instrument for change, he is instead nothing more than a Changling. Quite a few of his political appointments have been more than surprising, to say the least, and nothing more than reruns of the Clinton Administration and paybacks for political support during his campaign apparently. Cases in point:

Hillary Clinton as Secretary of State: Hardly a “Miss Congeniality,” for a man who has espoused diplomacy as his preferred method of dealing with rogue nations, and ending non-defensive wars. His selection of pro-Israel backer Bill and Hillary as Secretary of Site (“I’d walk a mile on my knees for Israel”) who has consistently voted for funding and refunding the War in Iraq and also voted to name Iran and “enemy of the area” (of Israel, I guess) calls not only his judgment, but his sanity into question. I do not believe diplomacy has ever been a hallmark of Senator Clinton’s arsenal with respect to foreign relations, but as with her husband, military interventionism. This is the supposedly anti-war Obama’s choice for Secretary of State?

Timothy Geithner as Secretary of the Treasury: The rooster guarding the chicken coop. A clear choice of selecting someone with financial discretion the likes of which now, due to that horrendous 700 billion bailout bill giving the Treasury Department powers it was never intended to have absent Congressional approval, is more akin to letting the rooster guard the chickenhouse. Mr.Geithner is the former head of the New York Federal Reserve, and an avowed interventionist – meaning, he supports huge bailouts of key industries such as that corporate welfare bailout of AIG and now Citigroup, it appears. Not just key U.S. industries, mind you, but international industries operating here in the U.S. American citizens paying for the losses of the global economy is just as similar and just as devastating as America intervening in other countries militarily when there is no direct threat to the U.S. or it’s citizenry. American citizens are paying the world debts now, and world defense and facing homelessness, job loss, and personal bankruptcies the likes of which have never beens seen before, not since the Depression. During the Depression, the Federal Reserve failed to bailout the banks and stock market; however, at that time the country was not at war and World War II had yet to originate. This time, we are in a massive debt because of an unconstitutionally expanded war, and the Federal Reserve and it’s Congressional and Executive Office lackeys are now putting this country even further in debt, so the choice of the President of the Modern York Fed to oversee a 700 billion bailout outside the oversight of Congress and public scrutiny as would be the case with any bankruptcy action makes me believe that Mr. Obama’s selection is merely a political move, and definitely not in the best interest of those to whom he pledged change – the lower and middle classes, most of whom are struggling to pay the rent, much less invest in the stock market. Proof that this is a gain for corporate America once again – the stock market had it’s largest increase in years, over 500 points, after the announcement that “one of their own” would be doling out the booty.

Janet Napolitano as Secretary of Homeland Security – The Governor of the state which, due to the lack of border security, has the highest automobile, identity and personal property crime rates in the nation is to be knighted as the protector of the American borders and domestic security. Surely, you jest. Ms. Napolitano has been Arizona’s Governor for over six years, and even through two of the pilots from 9/11 trained at local flight schools, and one lived in Tucson for over two years, has been a vocal and vehement supporter of illegal immigrant amnesty and open borders throughout her term as Governor, for her career most of all. Sacrificing her fellow Arizonans lives and property takes a back seat to power lunches with the Governor of Sonora, and other international trips at the Arizona taxpayer’s expense to Canada, Great Britain and Iraq, just to name a few. Meanwhile, her greatest achievement has been to situation most of law enforcement outside the local bars and restaurants in order to catch the social drinkers, and recreate 1984 in her help for statewide speed cameras – all in order for her to balance Arizona’s budget at the Arizona citizens expense, so much so that Arizona also is one of those states facing massive foreclosures due to the increases in property taxes, homeowner’s and automobile insurance, and the outsourcing of Arizona jobs which Ms. Napolitano’s agendas have created. Not to mention criminalizing 2/3′s the population with those social drinking laws, so that Sheriff Joe Arpaio’s department continues to receive federal tax monies for his expanding “tent city” jails.

I won’t even go into Governor Bill Richardson of New Mexico now as Secretary of Commerce.

Obama’s “Change,” seems more akin to now becoming a “changling” back into selecting his nominees purely for political party or payback reasons. Not change at all, but politics as usual, while igniting the populace with his campaign promises and political rhetoric no different than any of his predecessors in recent history. CNN, MSNBC and even FOX have done a unbelievable job of promoting these candidates marketed personas skewed toward the political agendas of their station ownership, without delving into the marketing hype itself in much detail, rather those inane trivialities and gossip sessions for ratings.

Since both Arizona and Illinois were without adequate representation while both of these Senators were creating their Houdini like images for the American public for the last two years while collecting their public servant wages without fulfilling their public servant duties, maybe it is time we dispense with these farces of an election and bewitch our next president the old-fashioned Constitutional way. Each citizien casts two votes for the presidental office from the serving members of Congress, one of which cannot be a representative from their station of residency. The one with the most votes wins, and the runner up becomes Vice President regardless of party affiliation. No more marketing, half-truths, mud-slinging or over the top conventioneering which could pay off half the national debt. No more Bill O’Reilly, Sean Hannitty, Keith Olberman, or Larry King spins. Instead, a nation electing a leader with dignity and a quiet transfer then of leadership without international interference with foreigners even arranging fund raisers in order to secure future foreign aid for their own countries or Israel.

Meanwhile, I do hope Obama changes back, and changes back soon or we are in for not simply a bumpy ride, America, but corporate welfare and globalism continuing in the FDR, George H.W. Bush, Bill Clinton, and G.W. tradition. More intertwining our economies with that of other nations, and global protectionism rather than American protectionism.

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Once it was a well-known firm, an American icon, with international divisions Its inventory was costing $90 just two years ago At this time, it was quoting at $.19 with no takers And bear in mind, this was no penny inventory

Therefore ends the 178-year saga of Lehman Bros that filed for bankruptcy yesterday evening.Now, we understand it takes years to develop up a provider and a name On the other hand, it only wants just a few months to destroy it and close its shutters.Lehman Brothers filed for Chapter 11 bankruptcy protection after its efforts to uncover prospective buyers proved futile All possible potential buyers wanted a authorities guarantee beyond specified limit of losses, which was refused.LEH acquired $600 bln in assets but also experienced $550 bln in debts What the media did not tell the everyday people was the reality that only the parent holding supplier is heading below Its brokerage, asset-management and Neuberger Berman divisions will operate until suitable prospective buyers are discovered.An additional prominent, iconic investment standard bank as well is disappearing from the scene by early 2009:Merrill Lynch (MER) is being acquired by Commercial lender of America (BAC) for $50 billion – fortunately prior to it deteriorated to the level of LEH Therefore, the market place was spared one more torment The proposal will quickly be presented for approval by shareholders and the federal government Every MER shareholder will get .8595 shares of BAC share for a person share they hold.Next in trouble is the mega insurer AIG (AIG) Strapped for money, it is attempting tough to steer clear of a downgrade in its credit rating with all its added issues Early morning it was reported that they have been talking to Warren Buffet, a single of its previous investors Possibly that was not profitable AIG has assets to sell So Fed stepped in and with the reported guide of Morgan Stanley (MS) prodded ten prominent banks to form a $70 bln collateralized loan fund for AIG (AIG) The consortium now consists of Financial institution of America (BAC), Barclays (BCS), Citigroup (C), Credit Suisse (CS), Deutsche Lender (DB), Goldman Sachs (GS), JPMorgan (JPM), Merrill (MER), Morgan Stanley (MS) and UBS (UBS).State of New York opened the doors of its fiscal subsidiaries to aid AIG (AIG) and will lend up to $20 bln to support the stricken insurer.The weekend parleys in New York acquired their effects on European and Asian inventory exchanges They all fell by three Australia even acquired to suspend trading in its markets.
ECB instantly injected $42.six bln in extra funding in to the European marketplace Standard bank of England infused £five bln into UK markets, thinking about the reality that Lehman’s international division is headquartered in London.Economic Data:The Empire Manufacturing Index for September fell to -7.4 from 2.8 The forecast was for a rise of the index by 1 in opposition to an expected decline of -.three Utility output decreased by -three.2 Production capacity went down from 79.7 towards a predicted value of 79.six) to 10993.27
Nasdaq DOWN by -72.38 (-three.31) to 1201.56NYSE
Volume: 1.7 bln
A/D Ratio: 187 shares superior v 3081 declined.
fifty two-week Higher: 21 fifty two-week Reduced: 674Nasdaq
Volume: 2.7 bln
A/D Ratio: 399 shares superior v 2538 declined
fifty two-week Higher: 15 fifty two-week Minimal: 330Market’s Weakness was rather broad, affecting virtually all main sectors The only sectors that tried to swim in opposition to the slide had been the retailers and the airways The monetary sector fell by nearly sixIn August, CVS experienced proposed a merger with Prolonged Drug at a value of $71 per share Now, its competitor Walgreens also has entered the fray with a larger provide of $75 per share.Very best Obtain (BBY) is acquiring the digital entertainer Napster (NAPS) for $121 mln At this time United Airways (UAUA) elevated the second bag fee to $50, even as the fuel costs came down!Electronic Arts (ERTS) gave up its protracted bid for the Grand Theft Auto fame Take-Two Interactive Software (TTWO).BASF (BASFY) is purchasing Ciba Holding (CSBHY) for $five.five bln Analyst Ratings:Following shares obtained upgrades at present:
Air Tran (AAI), Allegiant Travel (ALGT), Continental Airways (CAL), Delta Airways (DAL), Jetblue (JBLU), Northwest Airways (NWA), Potash (POT), Prestige Brands (PBH) and United Airways (UAUA) Downgraded shares are:
Citrix Systems (CTXS), Cytec (CYT), DR Horton (DHI), House Depot (HD), Hudson Highland Group (HHGP), Iberia Standard bank (IBKC), kforce.com (KFRC), Korn/Ferry (KFY), Lowe’s (Minimal), MPS Group (MPS), New Frontier Media (NOOF), POZEN (POZN), Pulte Homes (PHM), T.Rowe Selling price (TROW) and Whitney Holding (WTNY).Mosaic (MOS) obtained each an upgrade and a downgrade There had been some other relief measures at the moment from the authorities:The SEC finally got revved up to announce it will curb naked short selling quickly, a proposal in the cold storage for extended time.Then we heard that the regulator overseeing Fannie Mae (FNM) and Freddie Mac’s (FRE) will not permit fabulous severance packages to the former bosses of each corporations, now below federal government conservatorship.The Fed has revised the collateral list it will accept when loaning funds to investment banks Now they will accept risky shares and junk bonds as well The Fed also elevated the cap on lending Treasuries to bond dealers by $175 bln to $200 bln Treasury Secretary Henry Paulson conducted a news conference right this moment at the White Home He cited marketplace excesses and an archaic regulatory system for the current troubles of the industry He is pretty confident that the American everyday people require not worry about their loan company accounts!A single of the adverse effects of investment traditional bank failures is that debt insurance is heading to be costlier for the banking sector.With the current economic crisis, there is a larger chance for FOMC to cut federal funds rates by 25 basis points on Tuesday .

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