Monthly Archives: June 2012

JPMorgan’s losses climb–us$9 billion and counting

  Jaime Dimon’s days are numbered. His less than ‘truthful’ appearances before Congressional committees were an exercise in eyewash. ‘The New York Times Online’ reports that JPM’s risky hedges are now us$9 billion in the red–almost a fivefold jump from … Continue reading

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Rupert Mudoch’s swan song

It had to happen: institutional investors, coupon clippers, and within the family run News Corp, the old lion Rupert Murdoch announced the separation of his news empire in the US and UK from the healthy body of entertainment and television … Continue reading

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Turkey’s beef with Syria

Turkey got full support on paper from its NATO allies against Syria’s shooting down a Turkish aeroplane that even it admits strayed into its neighbour’s territorial waters briefly. Had Istanbul not hardened overtly its support for Syria’s strongman Bashar al … Continue reading

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US wages ‘war’ hot or cold against North Korea

Today, June 25, 2012, marks year 62 of the beginning of the Korean War. Even though the war remains in limbo since the signing of an armistice in July 1953, the US has tracked North Korea as though it were … Continue reading

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North Korean children taught to hate the US, AFP reports

An ‘Agence France Presse’ release, on the eve of the outbreak of the 62 anniversary of the Korean War, talks of young North Korean children learning to ‘hate’ the US. The pr does not nothing to alert the reader that … Continue reading

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Korean War Year 62

Joint US ROK search and rescue mission in Pocheon, using a panoply of jets, rockets, live ammo, and 2000 troops is, Washington and Seoul say, a warning to North Korea. These military exercises close to North┬áKorea’s borders—yet not in harm’s … Continue reading

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Moody’s gives Jaimie Dimon and his baking frat brothers a black eye

Moody’s cut down a notch or two crediting ratings of 15 big banks, including JPMorgan and Goldman Sachs. Did JPM’s loss of us$2-5 billion dollar push Moody’s change of heart, in spite of the credit rating agencies suspect past in … Continue reading

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