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  • 00:27

    John Rubino--Week Begins On A Scary Note #2807

    in Finance

    John writes, "The US markets awoke to news of several big, disturbing overseas events:

    Glencore implodes. Think of Swiss commodities giant Glencore as a modern version of Enron, in the sense that it owns physical assets like mines and oil wells around the world and runs perhaps the biggest commodities derivatives trading desk. And — also like Enron — it’s apparently unprepared for extreme commodity price volatility. This morning its stock price plunged even further and its credit default swaps — the cost of insuring payment on its its bonds — blew out to record levels. 

    If Glencore loses its investment grade rating as now seems likely, its access to cheap capital will evaporate and it will fail. This matters for several reasons, the most important of which is the company’s unspecified but certainly huge derivatives book which, like AIG’s in 2008, is a serious threat to the leveraged speculating community. 

    Commodities from oil to gold are down hard on the news. 

    Saudi Arabia cashes out. The world’s dominant oil exporter can’t pay its bills with crude at $50 a barrel so it’s spending down foreign exchange reserves and borrowing hand over fist. This morning it was reported that the Saudi sovereign wealth fund — a major player in global bond and equity markets — was cashing out and bringing its money back home. "


  • 01:30


    in Politics Conservative


  • 01:01

    Transgender Law, Congress and Obamacare, and AIG Lawsuit

    in News

    Arizona Legislators Propose Outlawing Transgendered From Using ‘Wrong’ Bathroom
    Arizona legislators proposed a law making it a crime for transgendered people who are found to use the “wrong” bathroom. Many see it as a rebuke against the City Council of Phoenix’s passage of a protection law that would broadly outlaw discrimination against the transgendered. We talk with Michael Silverman, Director of the Transgender Legal Defense and Education Fund.
    Members of Congressional Staff Face Their Own Obamacare
    As the Affordable Care Act gradually goes into effect, many companies and organizations are working out how to implement the law. Congress is no exception and an article in POLITICO today illustrates the confusion over how it will impact members of congress and their employees. We talk with Jennifer Haberkorn, Health Care Reporter for POLITICO
    Former AIG Chief Forges Ahead With Lawsuit Over Bailout
    Former American International Group chief Maurice Greenberg is suing the federal government over the AIG bailout. Investor concern over losses in 2008 prompted the government to offer more than $180 billion to keep the company going in exchange for an 80 percent stake in the company. Greenberg contends that the bailout was unconstitutional, unneeded and cost the shareholders billions of dollars in profit. We talk with Bernard Black, Professor, Northwestern University Law School and Kellogg School of Management
    While we have Prof. Black on the phone, we’ll ask him about the Supreme Court decision handed down yesterday saying the state of North Carolina could not seize one-third of a malpractice settlement to reimburse themselves for the Medicaid costs they paid to the plaintiff. 

  • 01:01


    in Entertainment

    Wednesday, November 19, 3 pm ET, The Halli Casser-Jayne Show, Talk Radio for Fine Minds is taking a provocative, IMPROPER look at the fight for women’s rights with the award-winning author of THE SCARLET SISTERS Myra MacPherson and with journalist Jonathan Eig author of THE BIRTH OF THE PILL.  

    In this, her fifth book THE SCARLET SISTERS: SEX SUFFRAGE AND SCANDAL IN THE GILDED AGE, award-winning and bestselling author Myra MacPherson returns to the compelling issues of women’s rights addressed in her first book THE POWER LOVERS: THE EFFECT OF POLITICS ON POLITICAL FAMILIES. From history and intrigue to sex and money, MacPherson takes the reader on a jaunty, fun, informative ride through the real-life saga of the sisters Victoria Woodhull and Tennie Claflin, whose radical views threatened the white male power structure of the nineteenth century and shocked the world.

    Jonathan Eig is a former reporter for The Wall Street Journal, Chicago magazine, The Dallas Morning News, and the New Orleans Times-Picayune. His work has also appeared in The New York Times, Esquire, and The Washington Post. He has appeared on NBC’s Today Show, NPR, and in the Prohibition documentary made by Ken Burns for PBS. He is the bestselling author of LUCKIEST MAN, OPENING DAY, and GET CAPONE. In his latest book, THE BIRTH OF THE PILL, HOW FOUR CRUSADERS REINVENTED SEX AND LAUNCHED A REVOLUTION, he takes a, yes, sexy look at one of the most important inventions of the twentieth century and how it changed everyone’s lives forever.

    My guests will be joining me at the Miami Book Fair International November 16-23 at Miami Dade College in downtown Miami.

    Listen online at Halli Casser-Jayne dot com.

  • 01:00

    Cyber Crime in Commercial Real Estate with Jim Patterson

    in Real Estate


    James R. Patterson is the Western Region Network Security & Privacy Specialist for AIG.  In this role Jim is focused on educating clients and insurance brokers on cyber exposures, losses that insureds are experiencing, and loss prevention methods.  Prior to assuming his current role, Jim served as Senior Underwriter in

    AIG’s San Francisco Region, specializing in cyber and technology coverages for AIG’s Professional Liability Division. Before joining AIG in 2009, Jim spent six years as an Account Executive with Bollinger Insurance in New York City specializing in Lawyers’ Professional Liability insurance.  Jim is a graduate of the University of Miami.

    FREE Cyber Resilience Plan: http://bit.ly/CREPN-CyberResiliencePlan

  • 02:00

    Should AIG be allowed to Fail?

    in Politics Progressive

    Edward Liddy, CEO of American International Group, warned a congressional panel Wednesday of "dire consequences" if the bailed-out insurer is allowed to fail.

    Should AIG be allowed to Fail?

    Liddy's warning came in response to questioning by Rep. Paul Kanjorski (D-Penn.), chairman of the Financial Services subcommittee, who asked Liddy if he fully understood the consequences of the decision to pay $165 million in bonuses to AIG executives. lets talk about it tonight....

  • 01:00

    AIG Bonus Brouhaha

    in Politics Conservative

    James Joyner and Dave Schuler discuss the AIG bonus brouhaha, the ongoing financial mess, the meaning of words, and various other issues.

  • 03:11

    Coming Apocalypse

    in Current Events

    Does Iran have 3 Nuclear Weapons? Steven Ben deNoon and his Israeli News Live network as well as jerusalemonline have reported the report. Also the Metro Train system in Washington DC was "Filled with Smoke" that kill 1 person and sent 84 to the hospital last night. Also another Dead NASA Scientist as his plane crashes in downtown Los Angeles making 74 dead scientist in the last 2 years. Also a massive "Solar Flare" M5-Class released powerful UV rays over Australia causing radio blackouts. Also an AIG Insurance Executive has "Gone Missing" in Palm Desert, California causing great concern. Also French Police Chief committed suicide after the Charlie Hebdo attack in downtown Paris, France. Also the Russian Ruble continues to "Tumble" to 66 Rubles to the Dollar as Oil prices fall to $47 dollars per barrel. These and much more current news events along with bible prophecy and the powerful Word of God. Your Host Pastor Paul Begley of Indiana.

  • 02:00

    AIG and Other Political Distractions

    in Politics

    Vortex of Freedom will look at the never-ending AIG debacle, Obama's "Special Olympics" gaffe, as well as take your calls to discuss what you want to talk about. (347)-215-7969

  • 00:30

    AIG Bonuses: The ultimate distraction?

    in Politics

    Today I will be talking down the practice of talking about AIG bonuses by err...talking about AIG bonuses. Also I will explain how the actions of the Fed yesterday will likely lead to a collapse of the US dollar and our entire economic system. Fun times!

  • 01:00

    AIG - Arrogance Incompetence Greed

    in Religion

    Zen Garcia and Kevin Uttenberger will discuss and explain the AIG matter and its ties to the collapse of America.