Fieldhands

For readers of The Field, to gather face to face

Members

  • Laura
  • Dionne J
  • Elle Cayabyab Gitlin
  • Joe Garland
  • Dounia Hussein
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  • Kate Beatty
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Blog Posts

Ken Rich

Happy Everyday!

Posted by Ken Rich on November 20, 2009 at 7:49am

Joseph Timan

Relief from Tension

Posted by Joseph Timan on November 20, 2009 at 3:12am

Johnaton Peter

Importance of Health and Life

Posted by Johnaton Peter on November 19, 2009 at 11:46am

Kenneth Timson

Free from Stress

Posted by Kenneth Timson on November 18, 2009 at 10:50am

Samson

He must be a King!

Posted by Samson on October 22, 2009 at 8:54am

Events

News Junk(ie) — Political News Feed

[World Bank]: World Bank Predicts Sharply Slower Growth

The new Global Economic Prospects update notes that global growth is expected to contract by 1.7 percent this year. This would be the first decline in world output since World War II. GDP is projected to decline by 3 percent in OECD countries and by 2 percent in other high-income economies.

[Atlantic]: The Quiet Coup

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government -- a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF's staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we're running out of time.

[CNBC]: Geithner Plan Will Rob US Taxpayers: Stiglitz

The U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.

[FT]: China calls for new reserve currency

"This is a clear sign that China, as the largest holder of US dollar financial assets, is concerned about the potential inflationary risk of the US Federal Reserve printing money," said Qu Hongbin, chief China economist for HSBC.

[NYT]: Cuomo Says Most Huge A.I.G. Bonuses Were Returned

Attorney General Andrew M. Cuomo of New York announced late Monday afternoon that 9 of the top 10 bonus recipients at the American International Group had given back their bonuses.

[Bloomberg]: Bank of America's Bernstein Says Sell Bank Stocks After Rally

Removing devalued loans and securities from banks' balance sheets is a short-term solution that will delay the problem's ultimate solution, which is bank takeovers, Bernstein said. The government won't be able to inflate the prices banks receive for selling bad assets indefinitely, he added.

[Max Hastings]: Seize their Porsches and throw them in jail!

How can the real world get through to these people that they are not success stories, winners, masters of the universe but failures, losers, impresarios of misery? Why should banking be singled out, to be rewarded differently from every other form of human endeavour?

[Felix Salmon]: Revolution in the Air

Might we might be seeing the first real rumblings of class warfare -- the genuine article, not the Republican talking-point -- in this country?

[NYT]: Sweden Says No to Saving Saab

The Swedish government has responded to Saab's desperate financial situation by saying, essentially, tough luck. Or, as the enterprise minister, Maud Olofsson, put it recently, "The Swedish state is not prepared to own car factories."

[WSJ]: Geithner: My Plan for Bad Bank Assets

The financial system as a whole is still working against recovery. Many banks, still burdened by bad lending decisions, are holding back on providing credit. Market prices for many assets held by financial institutions -- so-called legacy assets -- are either uncertain or depressed. With these pressures at work on bank balance sheets, credit remains a scarce commodity, and credit that is available carries a high cost for borrowers.
 

Latest Activity

Ken Rich and Joseph Timan joined Fieldhands
7 hours ago
Deb Colorado Al Giordano has to be happy with the fab 31 students that he will be training. Good job Al.
on Tuesday
Justin Morgan is now a member of Fieldhands
on Tuesday
From the Gift Store
November 13
Muhammad Izzat Izzuddin Naimulah is now a member of Fieldhands
November 13
jesus Beas is now a member of Fieldhands
November 6
Val McCall added a discussion
Wherever you are, the most important activity you can involve yourself in over the next two days is getting people out to vote, volunteering for polling stations, visibility in the early am and right after work. Opposition to change is hopeful tha...
November 2
Jose Castro and agnes_griffins joined Fieldhands
October 27

Groups

^ ^ ^ ^ Thinking of starting a new group? ^ ^ ^ ^

Make sure to look through the existing groups above for one that matches your location before you start a new one!

The Field has moved!

The Field's new address is http://narconews.com/thefield.
Read Al's announcement here on Fieldhands.
 
 

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