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« In Defense Of Travel | Main | Cheney Drags Bush In Deeper »
10 May 2009 08:05 pm
Full Cheney Panic
I don't know how else to interpret his obviously self-destructive grandstanding this weekend. But think of the long view for a moment. Here is a former vice-president, who enjoyed unprecedented power for eight long, long years. No veep ever wielded power like he did in the long history of American government. In the months after 9/11, he swept all Congressional resistance away, exerted total executive power, wielded a military and paramilitary apparatus far mightier than all its rivals combined and mightier than any power in history, tapped any phone he wanted, claimed the right to torture any suspect he wanted (and followed through with thousands, from Bagram to Abu Ghraib) and was able to print and borrow money with impunity to finance all of it without a worry in the world. But even after all that, he cannot tolerate a few months of someone else, duly elected, having a chance to govern the country with a decent interval of grace.
What character does this reveal? The same character that sees torture - torture - as a "no-brainer". The same man who believes that freezing naked prisoners to hypothermia or strapping them to a board for a 175th near-drowning or stringing them up in stress positions so long the shackles rust up is in line with America's constitutional history and custom. The same tyrannical temperament that cannot abide another reality existing which isn't hammered or tortured into the shape he wants and demands.
Worse: he launches verbal assault after assault on the men and women who succeeded him. He accuses them of risking the lives of Americans, of making America less safe, and openly brags that his violation of the Geneva Conventions worked. Not content with writing his memoirs and letting history judge, he flails around like some prize fish, flapping on the deck of the boat, opening and shutting his mouth as his career expires.
And as history slowly accepts that this man disgraced his office more profoundly than any before him, as it sinks in that this man did not merely make mistakes, as all flawed politicians do, but committed war crimes, with pre-meditation and elaborate subterfuge, he slowly realizes what's happening to him. He can feel it. And so he resists the way he always resists - by lashing out, attacking, smearing, snearing, and grabbing every inch of the limelight he can.
Those of us who want him to face real accountability should, of course, welcome all this. Cheney does not seem to understand that he is incriminating himself further with every interview, every time he adjusts his story, every time he moves from torture as a "no-brainer" to a "last resort", every time he assaults yet another person who knows too much about him and what he did.
But does Cheney really believe that in a battle for the judgment of the American people, and for history, he will win a brawl with Colin Powell, with a man who is actually on record early on warning of the dire consequences of weakening or abandoning the Geneva Conventions?
Cheney wants a war with him? Now? Judged in the theater of public opinion - outside the Hannity-Limbaugh-Coulter ghetto?
They really do want to commit suicide, don't they? Well, I'm not in a rush to stop them.
(Photo: Chip Somodevilla/Getty.)
http://andrewsullivan.theatlantic.com/the_daily_dish/2009/05/full-cheney-panic.html
If this is considered spam, then go ahead and delete...
This is another company in the Biofuel space. They produce cellulosic ethenol. Their IHUB site is peppered with DD on the biofuel issues and players. They are more fully developed than EBOF in their business model but still of interest if you like the space.
They report earnings Monday 5/11 after the bell so there will be some ideas of their "in progress" assessment of the biofuels business. I would think their progress and ideas going forward would be of interest to EBOF shareholders.
Verenium Corporation (VRNM)
IHUB: http://investorshub.advfn.com/boards/board.aspx?board_id=11154
In4...your article is from May 2007
Form D - someone's paycheck?
UNITED STATES SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.
FORM D
OMB APPROVAL
OMB Number: 3235-0076 Expires: September 30, 2008 Estimated Average burden hours per response: 4.0
Notice of Exempt Offering of Securities
1. Issuer's Identity
CIK (Filer ID Number) Previous Name(s) o None Entity Type
0001268471 MEADOWS SPRINGS INC x Corporation
o Limited Partnership
o Limited Liability Company
o General Partnership
o Business Trust
o Other
Name of Issuer
EARTH BIOFUELS INC
Jurisdiction of Incorporation/Organization
DE
Year of Incorporation/Organization
o Over Five Years Ago
x Within Last Five Years (Specify Year) 2006
o Yet to Be Formed
2. Principal Place of Business and Contact Information
Name of Issuer
EARTH BIOFUELS INC
Street Address 1 Street Address 2
3001 KNOX STREET SUITE 403
City State/Province/Country ZIP/Postal Code Phone No. of Issuer
DALLAS TX 75205 214 389 9800
3. Related Persons
Last Name First Name Middle Name
McLaughlin Dennis
Street Address 1 Street Address 2
3001 Knox Street Suite 403
City State/Province/Country ZIP/Postal Code
Dallas TX 75205
Relationship: x Executive Officer o Director o Promoter
Clarification of Response (if Necessary)
Chief Executive Officer
--------------------------------------------------------------------------------
4. Industry Group
o Agriculture Health Care o Retailing
Banking & Financial Services o Biotechnology o Restaurants
o Commercial Banking o Health Insurance Technology
o Insurance o Hospitals & Physicians o Computers
o Investing o Pharmaceuticals o Telecommunications
o Investment Banking o Other Health Care o Other Technology
o Pooled Investment Fund
Travel
o Other Banking and Financial Services o Manufacturing o Airlines & Airports
Real Estate o Lodging & Conventions
o Commercial o Tourism & Travel Services
o Construction o Other Travel
o REITS & Finance o Other
o Residential
o Other Real Estate
o Business Services
Energy
o Coal Mining
o Electric Utilities
o Energy Conservation
o Environmental Services
o Oil & Gas
x Other Energy
5. Issuer Size
Revenue Range Aggregate Net Asset Value Range
o No Revenues o No Aggregate Net Asset Value
x $1 - $1,000,000 o $1 - $5,000,000
o $1,000,001 - $5,000,000 o $5,000,001 - $25,000,000
o $5,000,001 - $25,000,000 o $25,000,001 - $50,000,000
o $25,000,001 - $100,000,000 o $50,000,001 - $100,000,000
o Over $100,000,000 o Over $100,000,000
o Decline to Disclose o Decline to Disclose
o Not Applicable o Not Applicable
6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)
x Rule 504(b)(1) (not (i), (ii) or (iii)) o Rule 505
o Rule 504 (b)(1)(i) o Rule 506
o Rule 504 (b)(1)(ii) o Securities Act Section 4(6)
o Rule 504 (b)(1)(iii) o Investment Company Act Section 3(c)
7. Type of Filing
x New Notice Date of First Sale 2009-04-16 o First Sale Yet to Occur
o Amendment
8. Duration of Offering
Does the Issuer intend this offering to last more than one year? o Yes x No
9. Type(s) of Securities Offered (select all that apply)
o Pooled Investment Fund Interests x Equity
o Tenant-in-Common Securities o Debt
o Mineral Property Securities o Option, Warrant or Other Right to Acquire Another Security
o Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security x Other (describe)
10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? o Yes x No
Clarification of Response (if Necessary)
11. Minimum Investment
Minimum investment accepted from any outside investor $ 5000 USD
12. Sales Compensation
Recipient Recipient CRD Number o None
(Associated) Broker or Dealer o None (Associated) Broker or Dealer CRD Number o None
Street Address 1 Street Address 2
City State/Province/Country ZIP/Postal Code
State(s) of Solicitation o All States
13. Offering and Sales Amounts
Total Offering Amount $ 1000000 USD o Indefinite
Total Amount Sold $ 55000 USD
Total Remaining to be Sold $ 945000 USD o Indefinite
Clarification of Response (if Necessary)
14. Investors
o Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors,
Number of such non-accredited investors who already have invested in the offering
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering: 0
15. Sales Commissions & Finders' Fees Expenses
Provide separately the amounts of sales commissions and finders' fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.
Sales Commissions $ 0 USD o Estimate
Finders' Fees $ 0 USD o Estimate
Clarification of Response (if Necessary)
16. Use of Proceeds
Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
$ 150000 USD x Estimate
Clarification of Response (if Necessary)
Signature and Submission
Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.
Terms of Submission
In submitting this notice, each Issuer named above is:
Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, the information furnished to offerees.
Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the Issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against it in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
Certifying that the Issuer is not disqualified from relying on any Regulation D exemption it has identified in Item 6 above for one of the reasons stated in Rule 505(b)(2)(iii).
Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.
For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.
o I also am a duly authorized representative of the other Issuer(s) in Item 1 above and authorized to sign on their behalf.
Issuer Signature Name of Signer Title Date
EARTH BIOFUELS INC /s/ Dennis G. McLaughlin, III Dennis G. McLaughlin, III Chief Executive Officer 2009-05-01
As the parent of a 13yo girl, I know from experience that there will ALWAYS be a market for more clothes...
AH $5.23 x $5.25 to $5.35 on pop
TG et al...DRYS is on a roll from bottom churning. Very spiky both ways...read good trading fodder. Worth a watch for whipsaw pullbacks...very liquid trade.
Discl: I have a position and green.
A
DRYS on a roll...has been churning here on the bottom. Indicators suggest more coming.
Interesting mention of EBOF
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=16424572&topic=EBOF&symbology=null&cp=off
April 7, 2009 - 12:03 PM EDT
close Email this News Article
Your Name
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EBOF 0.0005 0.0001
Today 5d 1m 3m 1y 5y 10y
IFUE 0.32 0.00
Today 5d 1m 3m 1y 5y 10y
PXCE 11.34 0.10
Today 5d 1m 3m 1y 5y 10y
RNNM 0.44 0.015
Today 5d 1m 3m 1y 5y 10y
Small Cap Sentinel: The Green Innovator
Small Cap Sentinel: The Green Innovator
LAS VEGAS, April 7, 2009 (GLOBE NEWSWIRE) -- Today's announcement by Ronn Motor Co. (Pink Sheets:RNNM) declaring the company's development of a new biodegradable, non-petroleum based hydraulic fluid to be used in farm tractors, combines, bull dozers, road graders, dump trucks and more firmly installs the company as an innovator under a timely green banner. A profile of Ronn Motors and the company's recent green initiatives has been posted for public review at www.IntegrityIR.com/RNNM
Investors of biodiesel related companies China Clean Energy Inc. (OTCBB:CCGY), Earth Biofuels, Inc. (Pink Sheets:EBOF), Pax Clean Energy, Inc. (OTCBB:PXCE), International Fuel Technology, Inc. (OTCBB: IFUE) are encouraged to review the profile.
There's little argument that the struggling economy, a new president and an increasingly environmentally aware public have created perhaps the most eco-friendly climate in recent memory. And Ronn Motors, a company that initially caught the eye of the investing public by creating a curvaceous sports car that can hit top speeds of 200 mph while managing 40 mpg, appears to have instilled a carpe diem corporate disposition toward eco-friendly product development.
Few companies will have as solid a news month as Ronn Motor Co. had in March with a string of news releases that look like a wish-list for corporate development. In that span, Gov. Schwarzenegger test drove their flagship vehicle, Men's Journal called The Scorpion 'God's Own Supercar," and a fleet operator agreed to test Ronn's H2GO hydrogen system on a few FedEx Fleet vehicles with an optimistic eye toward fleet-wide application if the test confirms efficacy.
Investors should be intrigued by Ronn's ability to earn the eye of the media and the likes of Arnold Schwarzenegger, but perhaps most importantly, to bring dreams to reality and market in a way that few companies have.
To be featured in any Integrity Media publication, please use the number below.
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. Small Cap Sentinel is property of Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies have not always approved the statements made in this report. This report is neither a solicitation to buy nor an offer to sell securities but is for information purposes only and should not be used as the basis for any investment decision. IMI is not an investment advisor, analyst or licensed broker dealer and this report is not investment advice. IMI has been paid $26,000 for this report and other services by Silverdust Investment Co. for the benefit of RNNM. Paid reports constitute a conflict of interest as to IMI's ability to remain objective in its communication regarding the subject company. Sam Convery CRD #2495267. No employee of IMI holds shares in any equity referenced herein.
CONTACT: Integrity Media Inc.
Kurt Divich, Editor
702-396-1000
Source: GlobeNewswire (April 7, 2009 - 12:03 PM EDT)
News by QuoteMedia
Probably "E" coming:
- Notification that Annual Report will be submitted late (NT 10-K)
Date : 04/01/2009 @ 3:49PM
Source : Edgar (US Regulatory)
Stock : Earth Biofuels (OTC) (EBOF)
Quote : 0.0005 -0.0001 (-16.67%) @ 1:26PM
- Notification that Annual Report will be submitted late (NT 10-K)
--------------------------------------------------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SEC F ile N umber : 000-50842
CUSIP Number: 27031f102
FORM 12b-25
NOTIFICATION OF LATE FILING
T Form 10-K ¨ Form 20-F ¨ Form 11-K ¨ Form 10-Q
¨ Form 10-D ¨ Form N-SAR ¨ Form N-CSR
For Period Ended: December 31, 2008
¨ Transition Report on Form 10-K ¨ Transition Report on Form 10-Q
¨ Transition Report on Form 20-F ¨ Transition Report on Form N-SAR
For the Transition Period Ended: _______________________
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: ___________________________________________________
PART I
REGISTRANT INFORMATION
EARTH BIOFUELS, INC.
Full Name of Registrant
Former Name if Applicable
3001 KNOX STREET, SUITE 403
Address of Principal Executive Office (Street and Number)
DALLAS, TEXAS 75205
City, State and Zip Code
PART II
RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25 (b), the following should be completed. (Check box if appropriate.)
T (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on Form 10-K, 20-F, 11-K or Form 10-Q, or portion thereof will be filed on or before the 15 th calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; and
(c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
ART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report portion thereof could not be filed within the prescribed time period.
Registrant has been unable to complete its Form 10-Q for the three months ended December 31, 2008, within the prescribed time because of delays in completing the preparation of its financial statements and its management discussion and analysis. Such delays are primarily due to Registrant's management's dedication of such management's time to business matters and pending transactions. This has taken a significant amount of management's time away from the preparation of the Form 10-Q and delayed the preparation of the audited financial statements for the three months ended December 31, 2008.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
DARREN L. MILES (214) 389-9800
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). T Yes ¨ No
_______________________________________________________________________________________
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
¨ Yes T No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
--------------------------------------------------------------------------------
EARTH BIOFUELS, INC.
Name of Registrant as Specified in Charter
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date: APRIL 1, 2009 By: /s/ DARREN L. MILES
DARREN L. MILES
CHIEF FINANCIAL OFFICER
--------------------------------------------------------------------------------
Fake blood on rioter...good sound bite footage. Was cast as the latte riot for their lack of real carnage except a few broken windows.
Once again...the right wing agenda tries to paste Obama's head onto the body of their transgressions. In 40 days, the President has done all that? Wow...you'd have to be impressed with his swiftness if true.
No one is perfect, but this is a ridiculously transparent collection of misdirected drivel.
This army, by the way, was once called the Peace Corps.
A better barometer is to listen who is squealing the loudest and then examine their agenda. For example, if I made tens or hundreds of millions/year irrespective of performance and that was about to be curtailed or eliminated I'd pay the likes of right wing poison radio and TV (you know their names...) a lot of money to exercise their freedom of speech on the airwaves and lie thru their teeth to keep me rich.
All imo of course.
PS - sheep is both singular and plural, it does not require an "s" at the end /eom
PPS - the Democrats won the election...get over it...
PPPS - In it's most simplistic and easy to understand format: Follow the Money. If the $'s are going up the chain to the richest, the Republicans are in charge...if the $'s are flowing and growing the middle class, the Democrats are in charge...
Robert Freeman revisited:
Prophetic writings from the then far left, nearly 6 years ago.
"May 30, 2003
Bush's Tax Cuts
A Form of National Insanity
By ROBERT FREEMAN
Insanity, said Albert Einstein, is doing the same thing over and over again but expecting different results. By this measure, the latest Bush tax cuts qualify as certifiably insane.
Where have we seen this deranged fiscal strategy before? Remember Ronald Reagan and Supply Side Economics? In the early 1980s, Reagan promised the nation that if we lowered tax rates on the wealthy, the economy would grow so much the federal budget would be balanced "within three years, maybe even two."
Sober people were skeptical-and rightly so. Reagan's Republican opponent for the 1980 presidential election, George H.W. Bush called it "voodoo economics." His own Budget Director, David Stockman, called it a "Trojan horse," a scam intended really to funnel more money to the already rich. Stockman was quickly dismissed.
The results, we now know, were a disaster. In 1982, the first full year after the tax cuts were enacted, the economy actually shrank 2.2%, the worst performance since the Great Depression. And the effect on the federal budget was catastrophic.
Jimmy Carter's last budget deficit was $77 billion. Reagan's first deficit was $128 billion. His second deficit exploded to $208 billion. By the time the "Reagan Revolution" was over, George H.W. Bush was running an annual deficit of $290 billion per year.
Yearly deficits, of course, add up to national debt. When Reagan took office, the national debt stood at $994 billion. When Bush left office, it had reached $4.3 trillion. In other words, the national debt had taken 200 years to reach $1 trillion. Reagan's Supply Side experiment quadrupled it in the next 12 years.
Is there anything to compare this to? When Bill Clinton took office he intentionally reversed the Supply Side formula, raising taxes on the wealthy and reducing them on the lowest wage earners. Supply Side true believers predicted the arrival of the Apocalypse. Bob Dole said the stock market would collapse. Newt Gingrich said the world would fall into another Great Depression.
What actually happened?
Between 1992 and 2000, the U.S. economy produced the longest sustained economic expansion in U.S. history. It created more than 18 million new jobs, the highest level of job creation ever recorded. Inflation fell to 2.5% per year compared to the 4.7% average over the prior 12 years.
Real interest rates fell by over 40% producing the greatest housing boom ever. Overall economic growth averaged 4.0% per year compared to 2.8% average growth over the 12 years of the Reagan/Bush administrations. Most impressively, Clinton reversed the mammoth deficits of the Supply Side years, turning them into surpluses. He used these surpluses to begin paying down the national debt.
By virtually every meaningful measure-employment, growth, inflation, interest rates, investment, deficits and debt-the economy performed better once the Supply Side experiment was terminated and replaced with a more honest economic policy where we actually pay our bills as we go.
This might all be ancient history if the spectre of Supply Side economics had not reared its ugly head again once Bush II took office. In selling his $1.6 trillion tax cut-half of which went to the wealthiest 1% of Americans-Bush promised in 2001 that it would produce 800,000 new jobs. In fact, the economy has lost 2.7 million jobs since Bush took office, again, the worst economic performance since the Great Depression.
The effects of Bush's tax cut on the deficit and debt are exactly what we would expect having seen Reagan's results-only worse. Bush inherited from Clinton a fiscal surplus of $127 billion. In his first year he turned that into a deficit of $158 billion. In this, his second year, he will run a deficit of over $400 billion-a swing to the worse of over $600 billion in only two years.
Now Bush has sold us on still another megadose of this same Supply Side voodoo. Two thirds of his new $350 billion tax cut will go to the top 10% of income earners. Bush's Congressional ally, Tom DeLay, promises more such cuts for every year Bush is in office.
The long term effects of these policies are profoundly damaging. When Bush took office, the government's ten year surplus was forecast to total $5.6 trillion. This was critical to building fiscal soundness as the Baby Boomers begin to retire.
Now, the ten year forecast projects a cumulative deficit of $1.1 trillion, a net loss of $6.7 trillion in only two years. With the exception of World Wars, this is the greatest, most rapid destruction of public wealth in the history of the world.
This is $6.7 trillion that is not available to pay for an entire generation's retirement as we promised. It cannot rebuild the nation's schools or retrain the technologically unemployed. It cannot shore up a foundering Medicare system or provide insurance to the more than 40 million Americans without it. The interest costs of funding this debt will soon approach half a trillion dollars a year and will retard investment and, therefore, economic growth for decades to come.
All this torrent of debt does-and we shouldn't underestimate the prodigious potency of this feat-is line the pockets of Bush's already gorged campaign contributors.
Rarely in public affairs do we have the luxury of such starkly clear, empirically proven, historically sound contrasts. If Bush's tax cuts do not represent a fiscal process wildly out of control it is hard to imagine what does. And sadly, per Einstein's insanity dictum, we've seen it all before.
Bush wants people to believe these losses are due to a recession he inherited from Bill Clinton. But the economy has grown for seven of the last eight quarters Bush has been in office, hardly a recessionary environment. In truth, the losses owe to a reckless economic philosophy, the failings of which have been conclusively, and now repeatedly, demonstrated.
We need to wake up from our patriotism-besotted, war-induced stupor. Losses and debts of this magnitude threaten our nation's well being far more than do fictive weapons of mass destruction in the hands of a two bit, third world thug. Destroying our fiscal patrimony at the very moment we need it most-when history shows we should know better-is nothing short of national insanity.
Robert Freeman writes about economics, technology and education from Palo Alto, CA. He can be reached at: robertfreeman10@yahoo.com"
Political System Primer:
COMMUNISM: You have two cows. The government takes both of them and gives you part of the milk.
SOCIALISM: You have two cows. The government takes one and gives it to your neighbor.
FASCISM: You have two cows. The government takes both cows and sells you the milk.
NAZISM: You have two cows. The government takes both your cows, then shoots you.
BUREAUCRACY: You have two cows. The government takes both of them, shoots one, milks the other, then pours the milk down the drain.
CAPITALISM: You have two cows. You sell one of them and buy a bull.
DEMOCRACY: Everyone has two cows in every shape and size. Then a vote is taken and whatever the majority decides to do, you do.
Worth repeating from #37339
This is a reasonable reply to the Faux Obama movie touted recently...imo.
"...Resentment and obstruction are all the right wing in America have to peddle. Their policies are utterly discredited. Their ideology - even by its own standards - is a sham. They are so bereft of leaders, their de facto leader is a former drug addicted, thrice-divorced radio talk show host. That is literally the best they can muster. But they have built a national franchise inciting the downwardly mobile to blame the government, not the right, for their problems, exactly as Hitler did in the 1920s.
The Republican propensity for fascism must not be underestimated. Witness their phony justifications for the war in Iraq, fanning the flames of nationalistic aggression, just as Hitler did with Austria, the Sudetenland, Czechoslovakia, and Poland in the 1930s. Consider their symbiotic embrace of corporate interests in the oil, weapons, telecommunications, pharmaceutical, finance, and other industries-the same type of corporate interests that sponsored Hitler's ascent to power. Look at their efforts to dismantle civil liberties with the Patriot Act and the Military Commissions Act. Or their relentless, pervasive propaganda laundered through their corporate-owned right-wing media machine.
These are the classic hallmarks of fascism. The strategy is to obstruct recovery, facilitate collapse, and then incite the faux-populism of public resentment to re-install a corporatist oligarchy which has failed, but which will not abide a reduction of its privileges or a diminution of its control. It is a fetid, seditious agenda, awaiting only its own latter day mustachioed messiah for its final fulfillment.
World War I was a once-in-a-millennium upset in the architecture of global power. In four years, it shifted the center of that power from Europe to the United States. But failure now by the U.S. will shift that center once again, from the United States to China, out of the western world where it has resided for the past 500 years. The psychic shock to the billion-odd people living in western civilization, with its liberal democracies, capitalist economies, and Enlightenment ideals, will be incalculable, irretrievable.
This shift may be inevitable and only a matter of time. It is quite possible that the damage inflicted on the western world's economy by rapacious Republicans is already beyond repair. But it will be tragedy beyond measure if such a shift is consummated by the very wrecking crew that took us down the road to ruin, all the while so unctuously proclaiming "patriotism" as its crowning ideal. They are not patriots and their goal is not the revival of American power. It is the revival of their own power, even at the expense of America's. They represent a very dangerous threat to the nation's future."
O's deception...
Looks like a Limbaugh/Levin production...and just as full of preposterous claims, hot air, fantasy fear mongering and garbage.
Reminds me of the Dumb and Dumber movies...what little of them I watched.
Sorry CD...
My bad habit...but a quote is a quote.
I'm filing it under, "who cares".
e pluribus unum
A
It's actually vini vidi vici...I came, I saw, I conquered...Caesar.
Galia divisi in tres partes est...opening line to Caesar's Galic letters.
probably...there's just too much left over poison for this to be over any time soon...
Just think where we'd be if we flapped BOTH arms!
QT - I respect your right to interpret charts in any way that floats your boat.
Using the same charts I see a huge, unsustainable (but temporarily successful) deception built, accommodated and facilitated by the administration in power over the last 8 plus years. A house of cards which the right side of your chart shows being rather abruptly exposed thru that great disinfectant, sunlight.
Regrettably, there are millions of real people in the US and around the globe who in some way either bought into the deception or knowingly participated in the deception who are now paying and defaulting on the bills left on the table by very rich, shameless and very unregulated "business" people. Mr. Bush and his base constituancy, "the haves and the have mores" have been allowed to, thru a "shocking lack of oversight" (Bernanke 3/10/09) drive this bus of the economy off a very high cliff at 100 miles per hour (see charts) sending it into free fall. President Obama was given the steering wheel of this bus while it was still in the air (see your charts). Like it or not, both you and I are passengers on this same bus.
Unlike some misguided anti-cheerleaders, both home and abroad, who wish for an Obama failure, I for one hope and pray that the current driver of this bus facilitates finding a sustainable course correction and solution (wings on a bus?). If for no other reason, in order that all of us bus riders currently suspended in mid air, even the naysayers, do not suffer the rather unsavory consequences of an abrupt and final stop at the bottom.
The ground continues to come up fast; my suggestion fwiw is join the good guys and stick an arm out the window, and in your own way, flap. We'll sort the rest out later.
Peace
A
Nice chart Quick T
Looks like Obama got here just in time to catch the big fall off the false prosperity credit mountain...Hope it isn't too late.
If you are implying that this mess is a Pres. Obama induced crisis, you either have a pathologically short memory or you just don't understand how the US and the rest of the planet got to this point.
Gold: a worthless factoid...
Seems there is a little acknowledged correlation between gold and a good man's suit of clothes. For hundreds of years, it has taken approximately the value of an ounce of gold to buy a decent man's suit. So, gold fans, watch the fashion pages for hints on the direction of future prices of gold...
Looking for the link to the study...
4 billion shares to sell?
Old authorized = 8 billion was increased by 4B to 12B as noted on the Nevada site (click bottom note of 31 actions to see latest addition of authorized)
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=9cot3v%252bVjk2YD8rebTuo%252bQ%253d%253d
they haven't sold anywhere near that much since end Dec. '08 so stand by for some pump (imo)
A
I don't necessarily disagree on a macro sense, but the micro action looks standard. Need to break thru 6.86ish to get to w3 of W3 which should start the party to mid $7's
all a fantasy guess...
A
GE bounce looks like entering a wave 3 impulse move off the $5.88 mark earlier. $6.60 enters the W3
W3 target $7.46ish before W4 correction.
imo
"Gov't...solution...problem...doomed to repeat..."
I agree to both the quotes although for opposite reasons from the original author's intent in the first.
"Government is not a solution to our problem. Government is the problem."
The "Supply Side" and "unfettered enterprise" advocates just don't like government. As the conservative think tanks have stated, "...shrink government to a size we can drown it in a bathtub..." I mean, who needs bank regulations and the SEC to protect the unsophisticated...too bad for them. Although I think we've seen what happens when no one is watching the "store" and greed is the operative emotion. Pretty soon, everyone is drawing outside the lines in an attempt to get theirs...
So, if you want to make sure that you as an unfettered "free market" advocate can get the fence sitters on board to shrink or eliminate "government", you create a crappy government that is blatently incompetent. The "...hell of a job Brownie..." kind of managers and faces into the wind that are just pathetic. Even the Left wants to get rid of that government, and did.
We as a nation need government. A competent and effective government, not the level of fake oversight we've seen for so many years.
Competent Government and taxes are the entry fee for civilization. It is the "middle class" consumers that drive the global economy. Those who refuse to learn that this is so, are doomed to someday repeat the crap we've seen over the last several years. It takes a lot more middle class workers to build 20 Fords than One Rolls Royce, and roughly the same amount of money to purchase. Destroy the power of the middle and the result is collapse.
More to say on this thread, but out of time.
I agree.
She should get her spoiled ass to work and learn how her family got their $$ so she can get her own.
And if Grandpa is so living on the edge with his $250,000++++ per year retirement income, than a little soul searching about what his family is really worth may be in order.
...flight to quality?
Nearly 30 percent of all homes sold at a loss at the end of 2008
The latest distress signal in a softening real-estate market comes from Zillow.com, which found that 29 percent of homes in the Seattle-Tacoma-Bellevue area sold at a loss during the final three months of 2008.
By Karen Gaudette and Justin Mayo
Seattle Times staff reporters
Seattle-area home values by city
U.S. pending home sales post increase of 6.3 pct
Some definitions
Underwater: Buyer owes more for home than its current value.
Short sale: Lender settles for less than amount owed on home.
Foreclosure: Homebuyer forfeits ownership to lender.
Median: The midpoint between highest, lowest prices.
The latest distress signal in a softening real-estate market comes from Zillow.com, which found that 29 percent of homes in the Seattle-Tacoma-Bellevue area sold at a loss during the final three months of 2008.
And a Seattle Times analysis of property data from the King County assessor's office shows that early summer of 2005 was the tipping point. Most homes bought since mid-2005 and sold during the last three months of 2008 fetched lower prices than their owners paid in communities ranging from Mercer Island to Kent to Federal Way.
Sellers hardest hit were those who bought in the first three months of 2007. If they sold their homes in the fourth quarter of 2008, they typically lost more than $100,000.
The opposite was true for those who bought homes early in 2000. They walked away with a median appreciation of about $200,000 if they sold at the end of last year.
The quarterly analysis of single-family home, condominium and co-op values in 161 metropolitan areas from Zillow, a Seattle-based real-estate Web site, displays the impact of the credit crisis, job losses, shrunken retirement savings, plunging consumer confidence and tighter lending standards.
Stan Humphries, Zillow vice president of data and analytics, dubbed the combo a "witch's brew of economic insecurity."
Across the nation, home values fell for the eighth consecutive quarter and foreclosures made up nearly one-fifth of all transactions. In the Seattle-Tacoma-Bellevue area, 11.5 percent of all transactions last year were foreclosures.
The data also show more than 20 percent of all Seattle homeowners are "underwater," owing the bank more than their home's current value, particularly those who bought during the real-estate market's peak in 2007. More than half of all area homes bought that year have negative equity, the report showed.
In a sign of growing financial struggle, more than 10 percent of all transactions during 2008 were short sales, in which lenders accepted less than what was owed on a home to avoid a costly foreclosure when the owner cannot make the mortgage payments.
All this spells the likelihood of more economic hardships to come, said Glenn Crellin, director of the Washington Center for Real Estate Research at Washington State University.
Underwater homeowners often lack enough equity to qualify for record-low mortgage rates that could save them hundreds of dollars in payments each month. Those who want or need to sell their homes must offer steep discounts or freebies to woo buyers in a slow market and also convince the bank that they're in straits dire enough to approve a short sale, Crellin said.
"That's going to slow the process down and makes it even harder to buy the house," Crellin said.
"Until it actually closes, the lender is going to keep looking for a better deal. You'd certainly have to wait as a purchaser and hope that nobody comes out of the woodwork with a better offer than what you've put on the table."
The numbers of homes sold at a loss continues to rise.
At least half of homes sold in the Pierce County communities of Orting, Lake Tapps and Anderson Island and the King County community of Algona sold at a loss at the end of last year, according to Zillow.
Nearly 40 percent sold at a loss in Tacoma, and just over 19 percent in Seattle.
Where did home values hold steady? Vashon Island, Clyde Hill, Carnation and Brier, the report said.
The Puget Sound region continues to fare about in the middle compared with the rest of the nation. In contrast, about 73 percent of homes sold at a loss in the fourth quarter in the Las Vegas/Paradise market in Nevada.
Karen Gaudette: 206-515-5618 or kgaudette@seattletimes.com
5 worst in
Snohomish County
% of homes sold for loss
City Pct.
Sultan 46.7%
Marysville 40.1%
Snohomish 35.3%
Bothell 33.5%
Arlington 33.3%
In 4Q '08. Source: Zillow.com
5 worst in
King County
% of homes sold for loss
City Pct.
Algona 50.0%
Kent 43.6%
SeaTac 42.6%
Maple Valley 40.4%
Fall City 40.0%
In 4Q '08. Source: Zillow.com
Copyright © 2009 The Seattle Times Company
More Local News headlines...
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BW...dot.com boom/bust
Good observation. And, I think that the "natural" course IS taking place. Not the pure economic models, but the actual course that includes the unpredictabilty of human choices and decisions.
The dot.com was irrational exuberance and lots of money sloshing around to the man on the street. Everyone was involved with the new internet toy. Traders, millionaire secretaries, college dropout billionaires, stock trades with nothing but rapid upsides (never mind the companies had zero revenues). So, we're all rich. Then the cliff.
So people had big houses (lets draw against the equity...), great credit...MORE CREDIT CARDS...no problem, we can pay them off with next months big hit. Etc, ad nauseum.
So the experience is a bit like those carnival rides where they spin you around in a cylindar, you're pinned against the wall and the floor drops out. Fine, you'll stick to the wall and not fall until the ride stops spinning. Well, credit and equity draws kept the ride spinning...but no more. Even the biggest bought tickets on the ride.
The true unwinding of the dot com boom is in my opinion happening now... If that is even close then it gives me a sense of how long a time it might take to finally squeeze the excess out of the market place to find a balance or equilibrium. 9 years to break the back of the boom and the boom's tail (like an insurance liability tail after a close of and insurable event).
Just some musings and thoughts.
Thanks for your site.
A
MisterEC
Maybe you need to get one of these so you can sleep at night...
MisterEC
Thanks for your illuminating response. I feel better informed.
I think that world history, the present and world future did, do and will contain clear examples of times plagued by megalomaniacs who think they are the enlightened and should own and control their known world. Mostly by demonizing the "other".
Regrettably to the human condition, religion usually leads the way in defining the "other" who must be contained, converted and/or destroyed. Doesn't seem to matter which one.
MisterEC & taking firearms...
not in yours or my lifetime. It is an urban legend caliber lie to further freek out those who tend to be generally freeked out.
And, please help me understand your definition of "Illuminati". Your post suggests that you like the current "world order" and the newly empowered are more bad guys and somehow encapsulated in your reference to the "Illuminati".
(SIDEBAR NOTE: Est. 1.5 - 2 million people in Washington DC. mall. Hair trigger security. ZERO ARRESTS reported, for anything. There must be a message in this.)
Please understand that I often enjoy your thought provoking posts, but sometimes get mixed messages. At some point, there must be a realization that while there are massive challenges ahead, and the USA (and the world) has been vandalized by the "haves and have mores" there is not a boogie man under every rock.
Found a link
can't post chart:
http://activerain.com/blogsview/851421/A-Preview-Of-The-Future-The-Next-Foreclosure-Wave
Mortgage/arms resets chart?
Somewhere here is the mortgage/arm reset timeline chart. Can someone point me to it?
thx in advance
a
Peace Train - So much work to do.
EBOF getting some action on balance sheet improvement
http://finance.yahoo.com/news/Earth-Biofuels-to-Record-70-pz-14082160.html
Earth Biofuels to Record $70 Million Gain From PNG Ventures Exchange Agreement
Friday January 16, 2009, 9:30 am EST
Yahoo! Buzz Print .Related:Earth Biofuels, Inc.
DALLAS, Jan. 16, 2009 (GLOBE NEWSWIRE) -- Earth Biofuels, Inc. (Other OTC:EBOF.PK - News) (the ``Company'') today announced that the Company has exchanged its ownership of 5,800,000 shares of PNG Ventures, Inc. (OTC BB:PNGX.OB - News) stock to Castlerigg PNG Investments, LLC (``Castlerigg'') for payment of approximately $90 million against its total debt of $100,651,173 owed to Castlerigg and certain secured note holders (the ``Noteholders''). The Company issued a new convertible debenture in the amount of $20,000,000 to Castlerigg that can be converted to common stock of the Company within twelve months at $0.50 per share. The transaction will translate into a net gain of approximately $70,000,000 on the Company's income statement.
Related Quotes
Symbol Price Change
EBOF.PK 0.00 +0.00
{"s" : "ebof.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Management is confident that as a result of the Company's ability to eliminate the vast majority of its debt, it is now in a position to move forward with its plan for clean, renewable forms of energy as emphasized by our country's new administration. The company is now poised to aggressively pursue its strategy to develop next generation biofuels.
On June 30, 2008, as part of a restructuring plan, the Company closed on a share exchange agreement with PNG Ventures, Inc. that exchanged ownership of the Company's subsidiary, New Earth LNG, for 7,000,000 shares of PNG common stock, which were pledged as security to the Noteholders pursuant to the related agreements.
Earth Biofuels, Inc. endeavors to produce and distribute biodiesel fuel and cellulosic ethanol through wholesale and retail outlets. The Company's Web site is http://www.earthbiofuels.com.
Forward-Looking Statements Disclosure
This press release may contain ``forward-looking statements'' within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as ``anticipates,'' ``believes,'' ``estimates,'' ``expects,'' ``intends,'' ``plans,'' ``seeks,'' ``will,'' and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the ``safe harbor'' provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
Contact:
Earth Biofuels, Inc.
Media & Investor Relations
Randy Hepler
866-765-4940
investors@earthbiofuels.net
update on pinksheets
More importantly, Roger Pawson has come out of the woodwork officially and reclaimed the CEO status:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cbay
CBAY — Cal-Bay International, Inc.
Common Stock
Par Value: 0.01
QuoteNewsChartsCompany InfoFilingsResearch ReportsShort InterestInsider Trans.Best Bid Best Ask Time of Last Inside Change
No Inside 0.0001 (5000 shares) 7:43 AM
Inside Quote
Last Sale 0.0001 Change -0.00
% Change -0.000003 Tick Down
Daily High 0.0001 Daily Low 0.0001
Opening Price 0.0001 Volume 78,236,400
52 wk. High 0.0009 52 wk. Low 0.0001
Prev Close 0.0001 Dividend 0.00
Yield 0.00 Beta Coefficient 0.60
Trade data delayed 15 minutes.
Trade Data / Last Trade 3:21 PM
Refresh All Data
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No News Releases exist.
OTC Disclosure & News Service
Pub Date Headline
Nov 12, 2008 Stockwire.com: (OTC:CBAY) Cal-Bay International, Inc. just released some important news.
Nov 12, 2008 Pinnacle Digest: Opening of UK Headquarters Draws Intensive Review
Nov 11, 2008 Cal-Bay International To Open UK Headquarters
Oct 29, 2008 Cal-Bay International Shareholders to Receive Stock Dividend in Newly Formed Subsidiary
Oct 16, 2008 Cal-Bay International Resolves Major Lawsuit against Company
Other News Sources
1d5d1m3m6mYTD1y5y10y to
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Contact Information Business Description
Cal-Bay International, Inc.
Real Estate Development & Acquistion Corporation for Green Envoirement Orientated Companies.
OTC Market Tier
Pink Sheets No Information
Primary SIC — Industry Classification
6500 - Real Estate
Business Stage
SPAC
State Of Incorporation
NV
Jurisdiction Of Incorporation
United States
Company Officers
Roger Pawson, CEO
Dale Baeton, IR
SEC Reporting Status
De-Registered as of Apr 13, 2007
CIK
0001142526
Fiscal Year End
12/31
Estimated Market Cap
$799,500 as of Jan 9, 2009
Outstanding Shares
7,995,000,000 as of May 16, 2008
Authorized Shares
8,000,000,000 as of May 16, 2008
Number of Share Holders of Record
300 as of May 16, 2008
Float
3,000,000,000 as of May 16, 2008
Current Capital Change
shs decreased by 1 for 25 split
Pay Date: Dec 5, 2005
Company Notes
◦Formerly=Var-Jazz Entertainment, Inc. until 3-01
Transfer Agent
First American Stock Transfer
706 East Bell Road
Phoenix, AZ 85022-6642
Auditor/Accountant
Corso & Company
572 Shasta Drive
Encinitas, CA 92924
The information provided here has been obtained from publicly available sources as well as directly from issuers in some cases.
Click here to update your company profile.No Issuer Sponsored Research Reports or reports posted via the OTC Disclosure and News Service are available for this company.
Date Reg SHO Threshold Flag Rule3210 Flag
May 3, 2007 Yes No
May 2, 2007 Yes No
May 1, 2007 Yes No
Apr 30, 2007 Yes No
Apr 27, 2007 Yes No
Jan 16, 2007 Yes No
Jan 12, 2007 Yes No
Jan 11, 2007 Yes No
Jan 10, 2007 Yes No
Jan 9, 2007 Yes No
12345678next >last >>
SHO History
Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue
Oct 31, 2008 0 -100.00 2,385,386 0.00 No No
Oct 15, 2008 23,000 0.00 170,025 1.00 No No
Sep 30, 2008 23,000 -3.43 30,187,914 1.00 No No
Sep 15, 2008 23,816 -99.44 90,870,940 1.00 No No
Aug 29, 2008 4,235,828 18,295.05 284,061,752 1.00 No No
Aug 15, 2008 23,027 6,479.14 232,725,068 1.00 No No
Jul 31, 2008 350 0.00 3,209,666 1.00 No No
Jul 15, 2008 350 100.00 3,884,835 1.00 No No
Jun 30, 2008 0 -100.00 11,536,129 0.00 No No
Jun 13, 2008 29,025 -99.61 2,920,668 1.00 No No
1234next >
Short Interest
No Summary found.
Transaction Summary — Last 6 Months
Trans Date Filer Ownership Type Price Shares
Sep 24, 2007 CAL-BAY INTERNATIONAL INC
Officer direct Buy 0.0003 700,000,000
Sep 21, 2007 CAL-BAY INTERNATIONAL INC
Officer direct Buy 0.0001 503,000,000
Sep 20, 2007 CAL-BAY INTERNATIONAL INC
Officer direct Buy 0.0001 500,000,000
Sep 19, 2007 CAL-BAY INTERNATIONAL INC
Officer direct Buy 0.0001 60,000,000
Sep 18, 2007 CAL-BAY INTERNATIONAL INC
Director direct Buy 0.0001 100,000,000
Sep 5, 2007 CAL-BAY INTERNATIONAL INC
Beneficial Owner (10%) direct Buy 0.0001 37,000,000
Transactions — Last 2 Years