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Archive for December 19th, 2008

THE PRESENT FINANCIAL CRISIS AND JEFFREY DAHMER: TAUNTING AND WORRISOME SIMILIARITIES

Posted by Gilmour Poincaree on December 19, 2008

16 Dec 2008, 0510 hrs IST

by Fred Hubner

PUBLISHED BY ‘FROM SCRATCH NEWSWIRE’

There are many obvious similiarities in between the Jeffrey Dahmer event and our present economical crisis.
Excluding, of course, Jeffrey’s acts of insanity. Meaning that, in spite of the general over-kill running amuck in our economy; and to a certain extent into foreign financial enterprises closely linked to it, there are no indications that our financial illusionists deliberately aimed to destroy faith in the market along with their clients’ assets. So, contrary to Jeffrey Dahmer, our ‘financial-wizards’ did not really intend to kill their victims. All they did, really, was take advantage of the glitches, black-holes and ideological tautologies inherent to our financial ‘un-regulatory-regulatory-system’. In grosser terms, the entire financial, political, social and economic environment favoured them and, in spite of early warnings and 911 calls, like the cops in Dahmer’s case, our regulatory authorities and institutions, SEC, Bernanke and Greenspan saw nothing wrong, although the place smelled like a damn morgue and there were body pieces stashed in the frig, under the couch and many others out-of-sight places of hiding. No, the cops didn’t see that one of the victims, who was still alive and kept as a living zombie and sex-slave, had a hole drilled in his head … they figured, like Dahmer had told them, that the fella was just drunk. And on top of all that, the police officers yet took care to remark that the neighbourhood complaints about Dahmer were due to the fact that he was a white man living in a predominantly black community. Go figure the things we deliberately are willing to overlook based on racial screening and a calm attitude of a brutal and reckless sociopathic criminal. Actually, what Madoff, and apparently our entire banking an financial industries, really wanted was to drill a hole in their clients heads, keeping them as financial zombies, forever, in a world wide orgy of global ponzi schemes, with an obvious cumplicity, or at the least, ideological condonning, of our financial regulatory institutions, the FED included. So actually, our country’s economic exuberance served them as a valueable asset when peddling their financial scams. The very same economic exuberence that ended up utterly destroyed, or at the least, profoundly damaged, by their recklessness and a self-serving ideological understanding of life. Haven’t you noticed that most of these financial ‘wizards’ are all ‘self-acclaimed-philosophers’ … direct inheritors of the ancient philosophical school of ‘Me-firstism-and-damn-the-rest’. Eventually, the most merciless regulatory sytem of all, reality, finally stepped in … exposing them for what they really were … nothing but grifters preying on our private assets … pretty much like Jeffrey Dahmer preying for potential zombie like sex-slaves.

Now we know that none of them were moved by the higher interests of a ‘free-market’ … and their boisterous and tautological claims in defense of the ‘free-market’ were nothing but a way to shield their criminal activities from the scrutiny of regulations and a vain exercise of ‘market-demagoguery’ … and thru it, they convinced everybody, chief regulators included, that it would be better for all if they were just allowed to keep doing business un-checked … certain things are better kept in secret and un-hindered … and simple denials of wrong-doing must stand firm as plausible arguments.

Of course there are many other similiarities in between Dahmer and the ways things were done amongst the ponzy-financial-wizardry that took hold of the way we do business … to the point of turning the word ‘trust’ into some kind of bad taste joke … and kids will cry when hearing the words ‘trust and funds’. My favorite of such similiarities is the fact that in spite of being a human being, from a completely functional upbringing, Dahmer behaved like a meat-grinding machine and took pride of it … unstopable in his performance to inflict pain while enjoying sexual pleasure from it. Like our financial system, Dahmer would stop at nothing to fulfil his purpose of sexual bliss … clients were expandable, dumb, gullible, easy to manipulate and too greedy and self-absorbed to clearly see that they were being fooled … pretty much like Jeffrey’s victims.

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NIGERIA: PETROLEUM SCARCITY LOOMS AS PENGASSAN BEGINS STRIKE

Posted by Gilmour Poincaree on December 19, 2008

18 December 2008

by Golu Timothy

PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

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PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

Posted in COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, NIGERIA, PETROL, RECESSION, THE WORK MARKET, THE WORKERS | Leave a Comment »

EGYPT: SELLING A KIDNEY TO SURVIVE

Posted by Gilmour Poincaree on December 19, 2008

16 Dec 2008

IRIN (humatarian and news analysis)

PUBLISHED BY ‘IRIN NEWS’

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PUBLISHED BY ‘IRIN NEWS’

Posted in COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, EGYPT, FINANCIAL CRISIS 2008/2009, INTERNATIONAL, NATIONAL WORK FORCES, RECESSION | Leave a Comment »

AFRICA: FARMERS NEED A FINANCIAL UMBRELLA SAYS WORLD BANK

Posted by Gilmour Poincaree on December 19, 2008

Friday 19 December 2008

IRIN (humatarian and news analysis)

PUBLISHED BY ‘IRIN NEWS’

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PUBLISHED BY ‘IRIN NEWS’

Posted in AFRICA, AGRICULTURE, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, RECESSION, WORLD BANK | Leave a Comment »

SWAZILAND: A TALE OF TWO COUNTRIES

Posted by Gilmour Poincaree on December 19, 2008

Friday 19 December 2008

IRIN (humatarian and news analysis)

PUBLISHED BY ‘IRIN NEWS’

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PUBLISHED BY ‘IRIN NEWS’

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INTERNATIONAL, RECESSION, SWAZILAND | Leave a Comment »

SWAZILAND: CAN’T GET RICH QUICK

Posted by Gilmour Poincaree on December 19, 2008

18 December 2008

IRIN (humatarian and news analysis)

PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

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PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL SCAMS, FRAUD, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, SWAZILAND | Leave a Comment »

OIL FIND IN CHAD BASIN, KEY TO NORTH’S ECONOMIC PROGRESS – NMA KOLO

Posted by Gilmour Poincaree on December 19, 2008

December 17th, 2008

by Suleiman U. Abdullahi

PUBLISHED BY ‘LEADERSHIP NIGERIA’

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PUBLISHED BY ‘LEADERSHIP NIGERIA’

Posted in CHAD, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PETROL, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

NIGERIA’S ECONOMY STILL STRONG – SOLUDO

Posted by Gilmour Poincaree on December 19, 2008

Wednesday, December 17, 2008

by Oluwole Akinboyewa, Abuja

PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

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PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INTERNATIONAL, NIGERIA, RECESSION | Leave a Comment »

The Sun South-East Economic Summit – BECAUSE WE ARE NDIGBO

Posted by Gilmour Poincaree on December 19, 2008

Thursday, December 18, 2008

by Sun News Publishing

PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

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PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INTERNATIONAL, NATIONAL WORK FORCES, NIGERIA, RECESSION | Leave a Comment »

FIDELITY BANK OPENS 9 NEW BRANCHES (Nigeria)

Posted by Gilmour Poincaree on December 19, 2008

Thursday, December 18, 2008

by Sun News Publishing

PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

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PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INTERNATIONAL, NIGERIA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »

HOW REGULATION LIFTED THE TELECOM INDUSTRY IN NIGERIA – NDUKWE

Posted by Gilmour Poincaree on December 19, 2008

Friday, December 5, 2008

by Christian Ochiama

PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

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PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

Posted in COMMUNICATION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIES, INTERNATIONAL, NIGERIA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »

QUILA CAPITAL SECURES $10M LONG-TERM SME LOAN FROM FMO (Nigeria)

Posted by Gilmour Poincaree on December 19, 2008

Monday, December 15, 2008

by Sun News Publishing

PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

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PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INTERNATIONAL, INTERNATIONAL ECONOMIC ORGANIZATIONS AND FORUMS, NIGERIA, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

NSE: INVESTORS STAKE OVER N2BN ON EQUITIES (Nigeria)

Posted by Gilmour Poincaree on December 19, 2008

Thursday, December 18, 2008

by by Omodele Adigun

PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

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PUBLISHED BY ‘THE DAILY SUN’ (Nigeria)

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

INVESTORS’ INTEREST IN BANK PHB RAISES MARKET VALUE BY N68BN (Nigeria)

Posted by Gilmour Poincaree on December 19, 2008

December 18th, 2008

by Nkiruka Anene

PUBLISHED BY ‘LEADERSHIP NIGERIA’

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PUBLISHED BY ‘LEADERSHIP NIGERIA’

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INTERNATIONAL, NIGERIA, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

NIGERIA: AP, NNPC TO BUILD REFINERY

Posted by Gilmour Poincaree on December 19, 2008

18 December 2008

ALL AFRICA

PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

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PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

Posted in BANKING SYSTEMS, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NIGERIA, PETROL, RECESSION, REFINERIES - PETROL/BIOFUELS, THE FLOW OF INVESTMENTS | Leave a Comment »

U.S.$ 78 MILLION ADF LOAN FOR AN ELECTRICITY TRANSMISSION PROJECT (Uganda)

Posted by Gilmour Poincaree on December 19, 2008

16 December 2008

ALL AFRICA

PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

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PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

Posted in COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, RECESSION, THE FLOW OF INVESTMENTS, UGANDA | Leave a Comment »

BOTSWANA: AFRICAN DIAMONDS TAKES OVER DE BEERS EXPLORATION JVS

Posted by Gilmour Poincaree on December 19, 2008

18 December 2008

by Wanetsha Mosinyi

PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

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PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

Posted in BOTSWANA, COMMODITIES MARKET, DIAMONDS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MINING INDUSTRIES, RECESSION | Leave a Comment »

AfDB APPROVES U.S.$ 64 MILLION FOR THREE MAJOR ROAD PROJECTS IN GHANA

Posted by Gilmour Poincaree on December 19, 2008

16 December

2008

SPONSOR WIRE

PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

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PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

Posted in BANKING SYSTEMS, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GHANA, INDUSTRIES, INTERNATIONAL, INTERNATIONAL ECONOMIC ORGANIZATIONS AND FORUMS, RECESSION, ROAD TRANSPORT, THE FLOW OF INVESTMENTS, TRANSPORT INDUSTRIES | Leave a Comment »

MEANWHILE, IN LIBERIA, SCRAPDEALERS DEMAND TO ‘STOP THE COLLECTIVE JUSTICE’ AGAINST THEIR BUSINESS ACTIVITIES … BY ACCEPTING ANYTHING THAT’S BROUGHT TO THEM AS SCRAP, SCRAPDEALERS ARE BEING ACCUSED OF HINDERING RE-CONSTRUCTION EFFORTS

Posted by Gilmour Poincaree on December 19, 2008

Monday, 8th December 2008

THE INQUIRER (Liberia)

PUBLISHED BY ‘THE INQUIRER’ (Liberia)

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ORIGINAL ARTICLE

PUBLISHED BY ‘THE INQUIRER’ (Liberia)

Posted in COMMERCE, COMMODITIES MARKET, COMMUNICATION INDUSTRIES, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, LIBERIA, METALS, RECESSION | Leave a Comment »

US$2.6 BILLION INVESTMENT FOR BONG MINES (Liberia)

Posted by Gilmour Poincaree on December 19, 2008

Thursday, 18th December

2008

by Morrison O.G. Sayon

PUBLISHED BY ‘THE INQUIRER’ (Liberia)

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ARTICLE

PUBLISHED BY ‘THE INQUIRER’ (Liberia)

Posted in BANKING SYSTEMS, CHINA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, LIBERIA, MINING INDUSTRIES, NATIONAL WORK FORCES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, THE WORK MARKET | Leave a Comment »

ANGOLA: PRESIDENT DOS SANTOS THANKS CHINA FOR SUPPORT

Posted by Gilmour Poincaree on December 19, 2008

17 December

2008

ANGOLA PRESS

PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

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PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

Posted in AIR TRANSPORT INDUSTRY, ANGOLA, CHINA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »