•Double the stupid: rushing into an unnecessary war.

I have more on that at my diary;

U.K. International security Told Blair there were No wmd’s Before the attack on Iraq

some great add on info and links to go with mine by the commenters below the fold

EPUed frpm last thread I think another war is brewing in the Middle East. Dubai was the Middle East Financial Capital the dream of the Middle East the NeoCons and Bush wanted to make in Iraq. How many other oil countries have high numbers of foreign workers, invested in Dubai and might soon have a problem paying those workers? This could spread Kuwait, Saudi Arabia etc America’s oil rich allies could all fall, on the plus side Israel would be much safer.

Foreigners constitute 99% of the UAE’s labour force, of which Indians are a sizable majority

http://en.wikipedia.org/wiki/Indians_in_the_United_Arab_Emirates

If Dubai is not paying the banks how long before they don’t pay their workers? Does Blackwater take IOU’s I think not.
Southern Dragon @26 is right about a bailout. But it will be a Financial and Military Bailout/suppression of rebellion/workers protest over not getting paid.
Rahm and the GOP will say that Ossama is behind it all.

Lawyer: Crashers were ‘cleared’ by White House

Mornin’, BT, pups

You just know that the brass at SS are beside themselves. Had these folks not bragged so much and posted pix on FB nobody’d ever known. But then their point was to be seen. Who knew that Obama had socialite groupies. Wonder what they’ll tell the judge if the SS decides to charge them for lying to the SS.

MSNBC said this AM that BRAVO was there filming them for a reality show, but didn’t film on White House grounds.

A strong showing can help solidify a retailer’s image as a shopping destination or merely a drive-by and is seen as crucial to building momentum to last through December.

Perception is even more important than facts with the stock market and right now I think retailing stocks are too high but everyone else is buying. The slightest bit of bad news could send retail stocks on a nose dive.

consumers have set a high bar for retailers this year. They became accustomed to massive discounts during last year’s holiday bloodbath, when many stores slashed prices by 70 percent or more as the economy crumbled. The Accenture survey found that 86 percent of shoppers won’t buy anything without a 20 percent discount, while about a quarter said they won’t bother with anything less than 50 percent off.

My bold I think deflation might be the worry now.

http://www.washingtonpost.com/wp-dyn/content/article/2009/11/26/AR2009112602424.html

So, the Catholic Bishops issue a fatwah on end-of-life issues, followed a week later by an announcement from the Irish Archbishop that bishops in collusion with the police protected pedophiles for decades, just like in the US. Who’da thunk.

Stocks in Asia and Europe dropping like a stone this morning. Early US futures also sliding down.

I can hear Larry Summers later today, “Nothing to see here, move along.”

Who wrote the Credit Default Swaps on Dubai?

Went back to Jane’s post about Kobe to catch the comments written after I went to bed. I should know better. Gonna have to hide in my office all morning.

Who knew that Obama had socialite groupies.

Anyone who saw the airborne photos of Obama’s rally in Portland’s Saturday Market and realized that the entire crowd could not be seen from the airborne photo?

Wonder what they’ll tell the judge if the SS decides to charge them for lying to the SS.

People lie to a Cop to get backstage and party with Rock Stars er Obama no that never happens!
I’m sure Dean Broder and Cokie will say this Never Happened in the Bush Administration! And certainly Never once Bush’s poll numbers dropped to where Obama’s are now.
I’m thinking maybe Obama’s poll numbers might be higher than reported I mean Socialite, Rich, White, in the Washington area these are Broder and Cokie’s people literally yet they crash an Obama party because all the cool people are there? (ok my head is spinning on that one)

Good question. My guess would be, lemme think, GS?

In terms of exposure to Dubai, JPMorgan Chase & Co. writes that the Royal Bank of Scotland Group underwrote more loans than any institution to Dubai World; In terms of capital at risk, HSBC Holdings has the most in the United Arab Emirates.

http://www.ritholtz.com/blog/

I’m sure there are more names but no sane banker wants to admit that now.

Wonder if they’ll have to close down the indoor ski slope. Awwwwwwwww.

whatever happened to Balloon Boy?

be right back. need some coffee and pumpkin pie. Breakfast of Champions

World markets
Shanghai 3,096.26 -74.72 (-2.36%)
Nikkei 225 9,081.52 -301.72 (-3.22%)
Hang Seng Index 21,134.50 -1,075.91 (-4.84%)
TSEC 7,490.91 -248.25 (-3.21%)
FTSE 100 5,214.21 +20.08 (0.39%)
CAC 40 3,703.52 +24.29 (0.66%)
S&P TSX 11,436.80
S&P/ASX 200 4,572.10 -136.50 (-2.90%)
BSE Sensex 16,632.01 -222.92 (-1.32%)

http://www.google.com/finance?hl=en&tab=we

Look at the Percent number lost that should give us an idea which countries invested in Dubai or which governments allowed to much speculation meaning if the world banking system almost collapses again the big speculators will be the first to sell because they know just how unstable the system is.

Hang Seng Index 21,134.50 -1,075.91 (-4.84%)

is in the lead for percent losses as of 5 minutes ago I have no idea about that exchange.

Good morning, pups. Better late than never, I guess… Today it’s Bobo, Cohen and Krugman. Bobo is addressing “The Other Education.” He says while our scholastic education is formal and supervised, our emotional education, the one we glean on our own from artists and musicians, is more important to our long-term happiness. Mr. Cohen, in “Iranians in Exile,” says President Obama has been too weak on human rights abuses in Iran. He needs to express outrage. Prof. Krugman, in “Taxing the Speculators,” says while a financial transactions tax would not completely prevent any future crisis, it could generate substantial revenue while providing a useful check on reckless short-term speculation.

Here they are.

The coffee, tea and hot chocolate are ready, and I’ve got waffles to start the day off. I hope everyone had a great Thanksgiving. Mr. Marion in Savannah says that he may be ready to eat again by Sunday! Have a great day.

They built lots of private islands in the ocean from the ocean floor up so rich people could have their own islands they built them in the shapes of countries. I don’t think they sold many.

Some of their stuff is sinking – literaly.

They didn’t finish construction, bad engineering or Global warming? Or everyone is blaming everyone else and the weather?

http://www.constructionweekonline.com/article-6149-workers-flee-dubai-building-collapse/

Bobo claims he got his emotional education from Springsteen? I’m thinking Bobo rode the short school bus to that school.

By the way…. The sun id shining in The City Beautiful and it’s fourty-fucking-five degrees! What is that shit? I don’t have clothes for 45 degrees.

Oh, shit, I’d forgotten about those. After all the ballyhoo when they started it just kinda faded from view.

LOL

Off to swim in the great capitalist cesspool.

US KIA Irak: 4,365

US KIA Afghanistan: 928

US MBS 2009: 40,920

Be good to yourselves, and all other living things.

Namaste

Palm Jumeirah
http://en.wikipedia.org/wiki/Palm_Jumeirah

Bad design maybe but just how good are their building codes? Engineers build to code and normally a safety factor of 15% over is built in incase of mistakes.
Crappy materials, bad construction well was the building inspector paid off and the designer not watching his own building?
Wait foreign workers foreign construction companies cheating and substituting cheaper materials would explain it do a few jobs leave the country before the buildings fall down dissolve the construction company pay off the judge in your home country not to accept the case.
Thats my best guess.

Bobo on Springsteen:

Springsteen sings about teenage couples out on a desperate lark, workers struggling as the mills close down, and drifters on the wrong side of the law. These stories don’t directly touch my life…,

Just how the heck did he get his “emotional eduction” from songs that didn’t touch his life.

His tales take place in a distinct universe, a distinct map of reality.

Yeah. They have a name for it. New Jersey. I’m from NJ and have heard alot of things said about it. But “a distinct universe” ??? Hmmm. Lemme think about that.

Probably used Chinese Steel and wallboard.

New post up top…

Palin Tells Canadians to “Dismantle” Health Care System. Canadians tell Palin to Shut the Fuck Up, Eh?

http://the-reaction.blogspot.com/2009/11/sarah-palin-attacks-canadas-health-care.html

Great minds…me, too. I could not comment last night. On Wed. at work, we had done a “what are we thankful for.” Yes,this year I am so thankful for Angela. I had thought I would not have another pet..silly me. And, she owns me. I still ache from the death of my lovely Emily.

Let alone, as Rat posted, this weekend is 3rd year of loss of my mother. We were closely bound, we had her soo long. Finally I can see I also can survive….with a very big loss. I couldn’t go there last night.

Blessing to Jane. Thoughts for her loss. This really became my community shortly after Mother died. A quite place to be and in great company.

I don’t get it. Why is it Obama’s fault that Iranian negotiations have stalled?

When I heard about the gate crashers I thought to myself that the Secret Service is just dialing it in. The funny or not funny thing is isn’t this the same Secret Service that was in a suit for discrimination and lost just a couple of years ago? I don’t know all this crap pools around in my mind but can’t shake the feeling that we are headed straight for a race war in this country. I think things could get worse than Rwanda here but then I’m always a bit paranoid. Problem is that if they aren’t racist they will be taking advantage of it to set up their little fiefdoms in the formers as it were. Then just line up the ‘others’ and shoot them and everybody’s happy. For a little while.