"Chrysler gets $4b initial funding from Treasury
Chrysler LLC, burning through cash as sales slide, received $4 billion in an initial loan from the Treasury to help stave off a collapse that could worsen a recession. Chrysler completed talks with the Treasury and got its initial payment, according to the company....
"Banks borrow $8.9b more from Fed discount window
Banks expanded their discount window borrowing from the Federal Reserve by $8.9 billion since last week to stock up on cash at the turn of the year, the central bank's consolidated balance sheet showed....
--source--"
Yup, BANKS and CORPORATIONS get BILLIONS in TAXPAYER-FUNDED BAILOUTS!!!
And the ELITE are doing JUST FINE, thank you!
"Lufthansa business class flights booming" by Nicole C. Wong, Globe Staff | January 3, 2009
.... As the closest big US city to Europe, Boston has been poised to benefit from US airlines shifting seat capacity from domestic routes to the more lucrative international flights, and from foreign carriers launching additional overseas service. Boston has found its flights attracting a wide range of executives and other well-heeled passengers who on average are willing to pay three times as much for first-class or business class seats so they aren't cramped in coach....
--more--"See, the RICH ain't hurtin', readers!
"At Stowe, fondness, fear for owner AIG; Insurer's downhill slide stirs talk that elite resort may be up for sale" by Megan Woolhouse, Globe Staff | January 3, 2009
STOWE, Vt. - .... Few people beyond this town's evergreen-shrouded borders know that much of this community - the mountain, the ski lifts, the opulent new resort - is owned by
Related: Snow Storm at AIG
I asked it then and I'll ask it now: What is an INSURANCE COMPANY doing owning a SKI RESORT (and one getting bailed out to the tune of $150 billion or so)?
AIG may be despised by many for the price taxpayers are paying for its financial mismanagement and ill-timed junkets, but Stowe is a company town. A new $400 million slopeside hotel complex, opened last summer, has continued a decades-old AIG tradition of making huge real estate investments in its corporate playground, and that has helped the local economy prosper....
Yeah, I'm sure it has helped the local economy (please keep reading).
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He chastised a reporter for referring to AIG's taxpayer relief as a bailout, even as he acknowledged a growing uncertainty about the future.
Did he suck AIG's cock, too?
"It was a love affair," he said of the town's relationship to AIG. "That's gone now."
Why, AIG shoot their load in your face?
That love affair began in the 1940s when AIG's founder, C.V. Starr, first skied Mount Mansfield, Vermont's tallest peak and the resort's central attraction. Starr later bought out other mountain investors, including Lehman Brothers president Roland Palmedo, and began making improvements to lifts and building the resort's first hotel. Stowe village, in the shadow of Mount Mansfield and the lesser Spruce Peak, began to prosper.
"Starr's charming, titian-haired wife, Mary . . . was as much in love with the Vermont ski resort as her husband," the town newspaper glowingly reported in 1951. "Few people realize what he and his wife have done for the Stowe resort area."
Today, AIG owns the mountain through a subsidiary called Mt. Mansfield Co. Inc., which last year paid the town of Stowe about $2.3 million in taxes. And even Starr could not have envisioned the area's transformation. The Stowe Mountain Resort is home to dozens of condos and hotel rooms, two golf courses, and banquet and conference space.
Just wondering what the DESTRUCTIVE COST is to the ENVIRONMENT.
Where are all the FART-MIST PROTESTERS?!!
Ever notice they NEVER PROTEST ELITE ACTIVITIES like skiing or the WAR MACHINE, or NASCAR?
"NASCAR coverage was also expanded on the cable channel New England Sports Network, which is owned by New England Sports Ventures, the parent company of the Red Sox and Fenway Sports Group. The New York Times Co., which owns The Boston Globe, holds a 17 percent stake in New England Sports Ventures."
Oh.
Yeah, TELL ME AGAIN about GLOBAL WARMING and the ENVIRONMENT!!
What a CAST of F****** HYPOCRITES!!!!!!
The new complex is a joint venture between AIG subsidiary Mt. Mansfield Co. Inc. and AIG Global Real Estate Investment Corp. The idea was to turn Stowe into the Aspen of the East.
Guests can visit the spa for a $500 massage package or the hotel bar for a $250 glass of Remy Martin Louis XIII cognac ("the cognac of celebrities, artists and politicians"). The tables at Solstice, the resort's newest restaurant, glitter with Simon Pearce stemware. The tables were hewn from maple and black walnut trees felled from the site, a former campground.
There are 139 guest rooms and another 150 rooms under construction, said Jeff Wise, a spokesman for the resort. "Demand continues to be high enough that we're actually building another wing on the hotel," Wise said.
You see, Amurka? RICHERS AIN'T HURTING AT ALL!!!
I wonder where they got the FINANCING to BUILD when YOU CAN'T GET CREDIT, 'murka!!!!
A day ski pass at Stowe costs $89 for an adult, slightly higher than Killington and other Vermont mountains. A two-bedroom suite at the hotel costs about $1,200 on a Saturday night in peak ski season.
$1,200 bucks foir ONE NIGHT, huh?
That is ONE MONTHS MORTGAGE payment, isn't it, 'murkn?
The ability to draw that kind of wealth has made Stowe infamous in Vermont, where many nearby towns have struggled with poverty and unemployment. The joke usually goes like this: Stowe is great because it's so close to Vermont....
Yeah, RICHERS making the rabble EAT SHIT is a JOKE!!!
And remember what they said about bringing "economic prosperity" to the region? Hey, what is ONE MORE LIE, right?
Oh, yeah, then there is YOU, Amurkns:
"Cash for the memories; Cherished collections, heirlooms, keepsakes put up for sale to pay bills" by Gabrielle Dunn, Globe Correspondent | January 3, 2009
As a child in foster care bouncing from home to home, from one caretaker parent to the next, David Mendes had one thing that he prized above all, one thing that he took with him when his life inevitably uprooted - a suitcase containing 5,000 meticulously kept sports cards, each in its own protective plastic sleeve.
"They're the only things I kept and all I had," he said. "It was just me and my cards."
Decades later, when Mendes had made a home in Lowell and had his own children, the cards became his legacy, of what he had lived through and of the life he had finally achieved. He pledged to his 4-year-old son, Adam, that one day they would be his.
But now he is breaking that promise. Layed off by a roofing company that is struggling in the flagging economy, 32-year-old Mendes has put the cards up for sale to pay rent and put food on the table. He hopes a collector will offer him several thousand dollars for the collection. He hasn't found the courage to tell his son....
Yup, the IMPOVERISHMENT of America as the RICHERS PARTY UP!!!
Aren't you ready to start tarring some people, America, or are you just going to take the anal rape in silence like you have been doing for years?
Mendes is but one of thousands across the country who, hit by the recession and with no savings to absorb the blow, are making torturous decisions to sell some of the only items they have that are both valuable and not essential for surviving day to day: collections, cherished mementos, or small inheritances handed from one generation to the next.
Pawn shops, dealers, and online markets say they have been deluged with goods, and with the heartrending stories of those forced to sell....
Well, I'm glad someone is making out on this planned destruction of the economy!
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Stephen Lanzilla, founder of the Boston Area Toy Collectors Club founder:
"These people.... they've hit a brick wall, and it can be awful painful to think, 'What have I been doing this past 20 years buying all these Barbies?'"
Umm, WASTING TIME and MONEY on something you LOVE?!!!
Yeah, what a WASTE of TIME LOVE is!!!!
Janice Dumas's one-bedroom, white bungalow in Revere is cluttered with more than 300 of the iconic dolls. The self-described ultimate pack rat's home is also filled with random keepsakes, like her grandmother's 90-year-old electric organ and a library of old books and magazines.
But for Dumas, the plunging economy has caused a collection of another sort - her unpaid medical bills. The recession suffocated her ability to handle financial burdens imposed by the lupus she has struggled with since high school, her 2003 cervical cancer diagnosis, and an acrimonious divorce shortly thereafter. Things are so bad that for three days in November she went without running water because she could not afford a plumber.
But we have TRILLIONS upon TRILLIONS for WARS, BANKS, CORPORATIONS, ISRAEL, etc, etc, etc.
So she is putting her dolls up for sale, trying to collect hundreds each for some from the 1960s and rarities, like a pregnant Barbie.
"I never thought it would come to this, but it's hard to make the bills now," Dumas said. "I'd like not to be living paycheck to paycheck and have that fear of not being able to pay the gas bill this month."
This is how the RICH BENEFIT BOTH WAYS!! They clean up when the economy roars ahead, then they get to BUY UP ASSETS at ROCK-BOTTOM PRICES when they destroy the damn thing!
I wish I could get through to people when I tell them this has ALL BEEN PLANNED; however, they STILL THINK the government is tying to FIX the economy for THEM!!!
Once an occupational safety engineer making $60,000 a year, her $28,000 yearly income now consists of an alimony settlement and a monthly disability check. With insurance, her medical expenses total about $8,000 annually. On the list of items to go are her books about Abraham Lincoln, who fascinated her as a girl.
One more argument in favor of NATIONAL HEALTH CARE -- but only if it is patterned after a system in Sicko!!
NO FOR-PROFIT health care and NO MORE CORPORATIONS!!
SINGLE-PAYER or BUST!!!!
"If I could just be ahead of the game on my bills for once," Dumas said, opening one of the books and reverently palming a page.
At Empire Loan, a pawnshop in downtown Boston, owner Michael Goldstein said his customer base has expanded to suburbanites looking to pawn family heirlooms.
"There's no question that they'd rather not part with what they're borrowing on," he said. "They're borrowing on things they find sentimental, but in a bad economy, they have to pawn or sell things they'd rather not."
The borrowing on implies they will come back and get the item; they never will, readers. But hey, DECEPTION is the NAME of the GAME when it comes to the AmeriKan MSM!!
Sue Jennson of Franklin posts three times a day on Craigslist to sell, among other treasures that have been in her family since the 1800s, a figurine of the baby Jesus that belonged to her grandmother and which she hopes will fetch more than $100.
"They're heirlooms that got passed down from my grandmother to my mother and then to me," she said. "It's so hard for me to even put this stuff on the computer."
First they STEAL YOUR MONEY and then they STEAL YOUR MEMORIES, readers!! What VERMIN!
Some who have felt forced to sell, like 79-year-old Charles Sullivan of Randolph, have ultimately balked, saying even the need for cash was not enough to overcome the emotional price. Sullivan got an appraisal on 200 toy trucks, some of which belonged to a son who died of cancer six years ago, but then he couldn't go through with a sale.
"They've been with me for 40 years, and I've thought about it and no matter what, I just can't part with them."
For many, though, there is no choice. Or the choice is between one kind of meaning and another. Mendes last month posted on Craigslist a second treasured memento, a drum set that was a gift from a foster mother who, Mendes said, was the only assigned caretaker to ever really take an interest in him.
"It cost $125, and I had a paper route, and she said if I saved up I could get the drums on layaway. But I was impatient and I wanted them now," he said. "The next morning she woke me and told me to go out to the car and help unload groceries, and in the car, there was the drum set. She bought it for me. After all that time, I'll never forget that."
Now some kids will not have that memory to remember.
Ain't Bush's AmeriKa grand?
The drum set sold almost immediately on Craigslist for $80, which Mendes used to pay for a Christmas tree for his children.
"No one did this for me so I have to do it for them."Translation: SELL your SENTIMENTAL VALUABLES, America -- so the globalists can have your gold, too!!!
Otherwise, why did this article get placed on the FRONT PAGE?
--more--"
