Campaign For Liberty

Car Market Collapse

Paul Krugman

Canada's 4 Billion Auto Bailout

Bailout Bill Is $4B And Counting
A historic $4 billion lifeline to rescue General Motors and Chrysler in Canada is likely just the first instalment of public loans to the sputtering automakers, concedes Prime Minister Stephen Harper. "I will not fool you. There is obviously money at risk here and there may be, well, more money as we go forward," Harper said yesterday as he joined Ontario Premier Dalton McGuinty in revealing terms of the huge aid package at a Toronto hotel.

Bush Approves Auto Bailout

$17.4-billion Buys Time For Detroit
Restructure fast or go bust. That was the blunt message U.S. President George W. Bush delivered to General Motors Corp. and Chrysler LLC Friday as he grudgingly approved $17.4-billion (U.S.) in emergency bridge loans for the cash-starved car makers. Even with the infusion, many experts said one or both of the companies may still be forced into bankruptcy protection after March 31, 2009, when Washington can call the loans. And analysts said Chrysler, the smallest of the Detroit Three, may not survive as an independent car maker.

Schiff: You Have No Idea What You Are Talking About

Peter Schiff Interview 2002

Part 2

Complex Obesity

Obesity 'Set Before Age Of Five'

Compared to children in the 1980s, today's youngsters are fatter and most of their excess weight gain happens before school age, they will say. This suggests initiatives to prevent childhood obesity should be started before school, suggest the authors. The EarlyBird Diabetes study of 233 children from birth to puberty is being published in the journal Pediatrics. One in four children aged four to five in England are overweight, latest figures show.

Obesity 'Controlled By The Brain'

Seven new gene variants discovered by scientists suggest strongly that obesity is largely a mind problem. The findings suggest the brain plays the dominant role in controlling appetite, and that obesity cannot easily be blamed on metabolic flaws. Two international studies, published in Nature Genetics, examined samples from thousands of people for the tiniest genetic changes.
Many of the seven key variants seem to be active in the brain.

Biggest Oil Cut In OPEC History

OPEC's Mountain to Climb

Some bullish investors still regard the oil-futures market, showing sharply higher forward prices, as a stairway to heaven. To OPEC, though, which reduced its output quota by 2.2 million barrels a day Wednesday, it is a mountain to climb. The forward curve for Nymex crude prices currently slopes upward -- known as a "contango" -- and is extraordinarily steep. At $50.64 a barrel, the May 2009 contract commands more than a $10 premium to the "front month," or January contract. That spread has widened by about $7 in the past month. Farther out, futures rise above $70 from late 2012.

International Monetary Standard

More Stable Currency Needed
More than 200 members of the Fordham community converged upon the Flom Auditorium on Oct. 14 to hear John Forbes Nash Jr., Ph.D., winner of the 1994 Nobel Memorial Prize in Economic Sciences, talk about solutions to the downturn in the national and global economy.Nash told the audience that such financial crises would be less likely to occur if there was some international monetary standard, such as the gold standard or competition among worldwide currencies, to curb inflation and prevent the rise of mortgage abuses. He expressed some skepticism about a government bailout as a solution.