Earnings Plummet for Papers Endorsing ObamaRUSH: Remember all these newspapers, many newspapers that have endorsed Obama are seeing their earnings plummet. Layoffs are exceeding the national average by a gazillion percent. The Washington Post's earnings are down 86%. The New York Times has been rated "junk" by Standard & Poor's. The Los Angeles Times is headed in the same direction. It refuses to report the news. Good riddance to the Drive-By, propaganda-driven media. Newspapers endorsing Obama: Earnings plummet. Proposed Auto Industry Bailout is a Union BailoutRUSH: Remember how we needed this bailout, or we were finished? We had to have it tomorrow. Now cities are asking for money, states are asking for money, California and New York. The auto companies are asking for money. And, by the way, I'm going to take up for the auto companies on this, and I've got some backup, by the way. A guy named Steven Pearlstein was on CNBC last night and he said General Motors cars are much better made, they're doing great, they've made some changes, but what this really is, this proposed bailout of the GM-Chrysler merger is a union bailout, it is a bailout that would enable General Motors to meet all the union requirements. This is an economist, by the way, Steven Pearlstein is, wrote a column in the Washington Post on Wednesday, but he's an economist extraordinaire, and he was on with Kudlow on CNBC last night, and he said the United Auto Workers bailout is a reverse of free market capitalism, and we had Jack Welch yesterday saying, "You look at the three most troubled industries in America today, and you'll find that they're all unionized." He was talking about the dangers posed by Obama's Employee Free Choice Act, which is just the exact opposite.
Mortgage Plan May Irk Those It Doesn't HelpRUSH: The New York Times: "Mortgage Plan May Aid Many and Irk Others." Get this. This bailout, what a joke America calls Vietnam to restore Cambodia Independence. Oct. 21, 1986 The UN General Assembly adopted a resolution A/RES/41/6, by vote of 116-21 with 13 abstentions, calling for a withdrawal of Vietnamese forces from Cambodia. President Reagan's address to the 43d Session of the United Nations General Assembly in New York, New York,September 26, 1988. "Mr. Secretary-General, there are new hopes for Cambodia, a nation whose freedom and independence we seek just as avidly as we sought the freedom and independence of Afghanistan. We urge the rapid removal of all Vietnamese troops ...." As of today,Cambodia is still occupied by the Vietnamese troops despite the call from the US president to Vietnam to cease her occupation of Cambodia since 1988. Cambodia needs Independence from Vietnam and the Vietnamese invaders. Bury Date: Sat, 1 Nov 2008 03:27:52 -0700From: [EMAIL PROTECTED]: Recession alarm rings! 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Where’s President BUSH? Where's the Republican? World giants in the automobile, airline and technology industries have ordered emergency action in response to the financial crisis, while the IMF set aside more than $US200 billion for debt-laden countries. Even a 1.5 million barrel a day production cut by OPEC failed to stop oil prices falling in the face of swelling fears of a deep global recession which led shares to take a hammering yet again. Wall Street followed other exchanges downwards as a wave of panic selling and a meltdown in share prices swept around the world. US shares later recovered some of their losses and fell less than many other global stock markets in early trade. Grim financial news came in from around the world. Iceland's government said it had asked for $US2 billion of support from the International Monetary Fund, the first Western country to do so since 1976. The IMF said it had tentatively agreed to the loan and announced it had set aside hundreds of billions of dollars to rescue stricken nations. "The IMF has more than 200 billion dollars of loanable funds and can draw on additional resources through two standing borrowing arrangements with groups of IMF member countries," the institution said on its website. China, Japan and 11 other Asian nations agreed to set up an $US81 billion war fund to fight what ex-US Federal Reserve chief Alan Greenspan called a "once-in-a-century credit tsunami". French automobile giants PSA Peugeot-Citroen and Renault ordered huge production cuts, while Japan's hi-tech giant Sony Corp and Europe's biggest airline Air France-KLM issued profits warnings. In Britain, official figures confirmed the country was about to enter a recession, while Turkey's central bank took action to strengthen bank liquidity and prop up the slumping currency. The combined impact sent shares tumbling in both Asia and Europe. Japan's Nikkei index plunged 9.60 per cent, ending below the key 8,000-point level for the first time in more than five years, and Hong Kong fell 8.3 per cent. European shares had lost up to 10 per cent by midday trade before mounting a late rally. French shares still fell 8.0 per cent to finish at five-year lows, while Frankfurt's DAX 30 index and London's FTSE 100 were off around five per cent. "The best word to describe what's going on right now is panic," said Credit Suisse strategist Satoru Ogasawara. Technology giant Sony, a bellwether of corporate Japan, saw its shares plunge more than 11 per cent after forecasting net profit of 150 billion yen for the year to March, down 59 per cent on last year. Air France-KLM suffered a near nine per cent drop in its share price after acknowledging it would be "very difficult" to meet its billion-euro earnings target. Europe's biggest airline unveiled a plan to cut costs by up to 1.2 billion euros over the next five years. The suffering extended to the automobile industry with Renault ordering almost all French plants closed for at least one week and shorter shutdowns in Turkey, Russia and Slovenia. PSA Peugeot-Citroen chairman Christian Strieff said he had ordered "massive" production cuts as the group forecast a 17 per cent fall in car sales in Western Europe in the fourth quarter. Chrysler LLC, the number three US automobile maker, meanwhile said it would cut up to 5,000 administrative and temporary jobs by the end of the year. ArcelorMittal, the world's biggest steel producer, shut smelting furnaces on a temporary basis in France, Germany and Belgium, according to union chiefs who met with management. New figures showed industrial confidence in both France and Italy had fallen to the lowest level since 1993. There was also grim data on the jobs front, with Spain's unemployment rate jumping to 11.33 per cent - the highest level in more than four years. Adding to the gloom, OPEC oil ministers decided at emergency talks in Vienna to cut output by 1.5 million barrels per day from November 1. The cut was designed to increase prices but Brent North Sea crude for December delivery slumped to $US59 per barrel, the lowest point since March 2007. "There won't be any impact on inflation, there's not going to be any impact on growth," the cartel's president Chakib Khelil told reporters. "Growth has disappeared already in the US, it's disappeared in Europe." New figures meanwhile showed Britain's economy shrank by 0.5 per cent in the three months to September, compared with the previous quarter, marking the first contraction since 1992. The country's economy screeched to a halt in the second quarter with zero growth. President G. W. Bush and the Republican’s, please help! _________________________________________________________________ Want to read Hotmail messages in Outlook? The Wordsmiths show you how. http://windowslive.com/connect/post/wedowindowslive.spaces.live.com-Blog-cns!20EE04FBC541789!167.entry?ocid=TXT_TAGLM_WL_hotmail_092008 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Cambodia Discussion (CAMDISC) - www.cambodia.org" group. This is an unmoderated forum. Please refrain from using foul language. Thank you for your understanding. Peace among us and in Cambodia. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/camdisc Learn more - http://www.cambodia.org -~----------~----~----~----~------~----~------~--~---
