Showing posts with label 2008. Show all posts
Showing posts with label 2008. Show all posts

Wednesday, November 19, 2008

Stock Market Crashes: Five Stock Market Downturns Since 1929



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Famous Stock Market Crashes:
Black Thursday
Black Monday
Dot Com Bubble
Friday the 13th Mini-Crash
The Financial Crisis of 2008








For many, the Financial Crisis of 2008 is the first stock market crash to which they've paid attention.

However, there have been much worse financial market setbacks over the last 80 years.

It might be pointed out that downturns in the stock market are often corrections in overpriced stocks.

DBKP takes a look at five of the stock market crashes during that time and their impact.


From Wikipedia:

A stock market crash is often defined as a sharp dip in share prices of equities listed on the stock exchanges. In parallel with various economic factors, a reason for stock market crashes is also due to panic. Often, stock market crashes end speculative economic bubbles.



Famous stock market crashes

Black Thursday - October 24, 1929

The Dow Jones Industrials lost 50% of their value on Black Thursday.

Black Thursday kicked off the Great Depression, from which the USA didn't emerge for 10 years--until World World II put the country back to work.


The Crash of 1973-74

From January 11 1973 to December 6 1974,
  • the Dow lost over 45% of its value.
  • The London Exchange lost 73%
  • The stock markets of the G7 lost an average of 43% over the period


It took the US stock market--as well as other markets around the world--as long as 10 years before the market recovered its pre-crash value.


The Dom Com Bubble of 2000

"The Dot-com bubble crash wiped out $5 trillion in market value of technology companies from March 2000 to October 2002."

Although many Internet companies went bankrupt in the Dot Com Crash of 2000, many others survived, including Amazon.com, Ebay and Yahoo.


Black Monday - October 19, 1987

The Dow fell by almost 23% on Black Monday. Within a few weeks, other exchanges around the world also fell by the following amounts.

  • The Dow Jones fell by 22.6%
  • Australia lost 41.8%
  • Canada lost 22.5%
  • Hong Kong lost 45.8%
  • Great Britain lost 26.4%


Automatic sell orders and selling short automatic orders were blamed, in part, for the crisis on Black Monday.



Friday the 13th Mini-Crash - October 13 1989


"...the Dow Jones Industrial Average was down 190.58 points, or 6.91 percent, to 2,569.26. The NASDAQ Composite shed 14.90 points, or 3.09 percent, to 467.30, and the S&P 500 Index fell 21.74 points, or 6.12 percent, to 333.65."

The US stock market recovered the blip of the Friday the 13th Mini-Crash relatively quickly.


The Financial Crisis of 2008

"Beginning October 6, 2008, the Dow Jones industrial average fell over 1,874 points, or 18%, in its worst weekly decline ever on both a point and percentage basis."

The market rallied before the election on November 4 2008, then resumed its steady movement downward following the election of Barack H. Obama.

The final verdict on the Financial Crisis of 2008 is yet to be rendered.


by Mondo Frazier
image: dbkp file
Source:
* 1973–1974 stock market crash
* Dot-com bubble
* Stock Market Crash




Tuesday, November 4, 2008

Election 2008: LIVE Blogging the Elections All Evening



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DBKP Live Blogging:
LIVE! Coverage of the 2008 Election

Election 2008

DBKP will LIVE! Blog Election Day 2008 from 6 pm until the finish.

UPDATES throughout the evening at Election 2008: LIVE Blogging the Elections All Evening.

UPDATE #1 - 1815 EST - MORE Exit Poll Information
UPDATE #2 - working




1800 EST - Exit poll information

70% Think there will be another Terrorist Attack on USA

5:45 pm

Fox News has some exit poll information. Remember that exit polls have been historically, dramatically wrong. They have been wrong. Most likely there are many items wrong in 2008.

Pick and choose time from the 2008 exit polls.

75% of exit voters were concerned about Supreme Court justice picks.
70% of exit polls thought that their taxes will go up under Obama.
61% of exit polls thought that their taxes will go up under McCain.

90% think their votes will be counted accuately.
9% don't.

24% think that Congreessis doing a good job.
74% don't.

60% think McCain has the right Experience.

Exit Polls:
In Indiana, Ohio and Virginia, white males favor McCain.
In Indiana, Ohio and Virginia, new voters favor Obama by 2-1.
In Ohio, late undecideds broke for Obama.
In Virginia and Indiana, they broke

56% opposed financial bailout.

62% think the economy is the top issue.
70% think there will be another terrorist attack on the USA.

42% think they are worse off than 4 years ago.
21% think they are better off.

23% will be scared if Obama wins.
30% will be scared if McCain wins.

That's what's happening shortly before 6 pm. Next Update at approximately 6:20 pm.




UPDATE #1 - 1815 EST - MORE Exit Poll Information

BEWARE! Exit Poll info. Four years ago, Kerry was winning in a landslide, according to exit polls at that time. That, of course, was totally incorrect.

CHANGE! voters favor Obama 91-8%.
New voters favor Obama 67-29%.
New voters are not making up any larger percentage of of the electorate than in previous years.

Clinton Democrats are saying they are backing Obama 82-16% in Ohio.

Both sides are turning out voters in big numbers.

No information yet about how Obama's remarks about coal, which were publicized the last several days, are affecting the vote in coal states.

More Exit poll info:

40% think McCain is in touch.
42% think Obama is too liberal.

Some polls have Obama trailing by 5% in Indiana.

Sarah Palin was cleared of ethic charges yesterday. How much press coverage did that receive? We're looking right now.

It was covered by the Associated Press. There are a few stories on Google News--but not nearly as many as reported the earlier report that she was "guilty" of ethics violations.

Figures.




UPDATE - working

by Mondo Frazier
image: dbkp file




Monday, October 6, 2008

Box Office: Beverly Hill Chihuahua Number One



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Beverly Hills Chihuahua #1
Box Office Results:
Weekend of October 3-5 2008




It was a a movie weekend that Paris Hilton could love.

Beverly Hills Chihuahua finished in the top spot with $29.3 million in gross ticket sales. Eagle Eye ($17.7M) and Nick and Nora's Infinite Playlist (11.3) finished 2nd and 3rd respectively.

The weekend was Hollywood's busiest opening weekend in years.

There are seven movies opening in wide-release this weekend. Let that sink in for a minute. Seven films! That's the most crowded opening weekend in years.
--Hilary Lewis, Seven Movies Battling It Out At The Box Office


American Carol finished the weekend in a respectable ninth, with $3.65 in ticket sales--about a quarter million dollars higher than predicted.




1 Beverly Hills Chihuahua - - - - - $29,300,465 - $29,300,465
2 Eagle Eye - - - - - $17,709,817 - $54,614,521
3 Nick and Norah's Infinite Playlist $11,311,751 - $11,311,751
4 Nights in Rodanthe - - - - - - - - $7,368,259 - -$25,088,183
5 Appaloosa - - - - - - - - - - - - - -$5,050,310 - - $5,605,167
6 Lakeview Terrace - - - - - - - - - - $4,561,227 - -$32,201,255
7 Burn After Reading - - - - - - - - - $4,120,129 - -$51,678,103
8 Fireproof - - - - - - - - - - - - - -$3,987,509 - -$12,410,216
9 An American Carol - - - - - - - - - -$3,656,000 - - $3,656,000
10 Religulous - - - - - - - - - - - - - $3,409,643 - - $3,428,633
--WEEKEND BOX OFFICE: October 3–5, 2008

American Carol finished fourth among the debuting features.


by Mondo
image: dbkp file



Tuesday, September 30, 2008

Mainstream Media Practicing Voter Suppression



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Mainstream Media's Favorite Voter Suppression Methods
* Lie, Damn Lies and MSM Polls
* Projecting the Media Favorite as the Winner
* Exit Polls and Fraud
* Pro-Obama, Anti-McCain-Palin Bias
* Hit Pieces Masquerading as "News"





The Mainstream Media is conducting a none-too-sophisticated campaign of conservative voter suppression. It's Big Media's largest partisan campaign effort--ever.


Voter suppression is a form of electoral fraud and refers to the use of governmental power, political campaign strategy, and private resources aimed at suppressing (i.e. reducing) the total vote of opposition candidacies instead of attempting to change likely voting behavior by changing the opinions of potential voters. This method is particularly effective if a significant amount of voters are intimidated individually because the voter might not consider his or her single vote important.


Is the blatant pro-Obama, anti-McCain-Palin Mainstream Media bias an attempt at voter suppression?

Some conservatives and independents--after listening to CNN, the AP and other MSM reports--may not vote in November. Perhaps, deciding that it will do no good--as they've been told repeatedly that the election has already been decided in Barack Obama's favor.

Previously, the MSM usually reserved voter suppression efforts to Election Day: calling Florida for Al Gore, broadcasting that the polls in Florida were closed in 2000 and the Kerry exit poll hoax in 2004. Before election day, the MSM contented themselves with publishing wildly-skewed polls, which strangely, always favored the Democrats by wide margins. [See below.]




POLLS SEEMS to SKEW WRONG--ONE WAY

MSM polls from 1976-2004 [with the exceptions of 1984 and 1996] always work out wrong. And they prove to be consistently wrong in the same way: they predict victory for the candidate with the "D" after his name.

1976

Late July - Gallup Poll

Jimmy Carter 62%
Gerald Ford 30%

Election Results

Carter 50.1%
Ford 48.0%

-----
1980

November Gallup Pre-election Poll

Carter 44%
Reagan 41%

Election Results

Reagan 50.7%
Carter 41.0%

----
1988

CBS-New York Times Poll


Michael Dukakis 49%
George Bush 39%


Election Results

Bush 53.4%
Dukakis 45.6%

-----
1992


June 1992 Time/CNN Poll

Ross Perot 37%
George Bush 24%
Bill Clinton 24%


Election Results

Clinton 43.0%
Bush 37.4%
Perot 18.9%

-----
2000

Sept 2000 Newsweek


Al Gore 49%
George W. Bush 39%

Election Results

Bush 47.9%
Gore 48.4%

by Mondo
image: daytona beach real estate
Sources:
* General Election Polls: A History of Inaccuracy
* Wikipedia


One of the most egregious example of MSM voter suppression tactics is the exit polls. This fraud reached its most distorted heights in 2004, when voters in the afternoon learned, via the major networks, that John Kerry was not only winning--he was winning in a landslide.

John Wambough wrote in January 2005 about the exit poll scam.

Shortly after 1pm on Election Day the National Networks' raw exit-poll data was posted on the Internet showing Kerry winning the National Election in a landslide. From the standpoint of the American voter, this data was projecting / forecasting / indicating the winner of the National Election and it was doing so before a single poll had closed in any state. Stringent Network standards for projecting or calling a state over the national airways mean little when the Internet is used as an alternative avenue for subverting the electoral process.

...

National Network disinformation tactics (telling the public the polls were closed when they weren't and telling the public that Al Gore had won the election when he didn't) proved highly effective in curtailing Florida voting in Election 2000. Many citizens of the Florida Panhandle know voters who chose not to vote once the networks (CBS in particular) announced that all Florida polls were closed and that Al Gore had won Florida and therefore the National Election. According to the Clerk for Elections, Okaloosa County, Florida: "In past elections, there was usually a rush of people coming from work, trying to get to vote before the polls closed" Soon after 6 p.m. in the Central Time Zone, voting volume dropped almost to zero in 361 polling places in the Panhandle.
--Election 2004: exit-poll disinformation hoax backfires?


When the obituary of the Mainstream Media is written, 2008 will go down as a year when all pretenses of objectivity were dropped. Not content to rely on the usual tactics of anti-conservative (Republican) stories, skewed polls and election day shenanigans, MSM editors are leaving nothing to chance, in what might be, their last hurrah.

The onslaught of pro-Obama, anti-McCain-Palin propaganda pieces, parading as "news" stories, far surpasses anything the MSM has attempted in years past.

A READER AT A MAJOR NEWSROOM EMAILS:
"Off the record, every suspicion you have about MSM being in the tank for O is true. We have a team of 4 people going thru dumpsters in Alaska and 4 in arizona. Not a single one looking into Acorn, Ayers or Freddiemae. Editor refuses to publish anything that would jeopardize election for O, and betting you dollars to donuts same is true at NYT, others. People cheer when CNN or NBC run another Palin-mocking but raising any reasonable inquiry into obama is derided or flat out ignored. The fix is in, and its working." I asked permission to reprint without attribution and it was granted.


Is it any wonder that three times more Americans believe in UFOs than trust the Mainstream Media?

Jeff G. at Protein Wisdom, asks Can 50 million Americans file suit for fraud?: "Because that would be the kind of big news not even the mainstream press could make disappear."

The Anchoress lays out an eerily-Apocalypic scenario “The fix is in, and it’s working…”

I suppose this is why print media and the press in general don’t care about their tumbling revenues; when The Pelosi gets the regulated internet and restricted Congress that she wants, and Obama gets his thugs and his Justice Department monitoring, intimidating and shutting down alternative media (and the dissenting voices we’ve been told are “patriotic” when a Republican is in the White House) the incestuous mainstream press will go back to being the only game in town. Pravda West.


Anchoress reader Eric Schubert: "The Edwards debacle was proof enough of where the heart of the MSM lies, and lack of curiousity of the press about Edwards probably cost Hillary the nomination. And that shameful episode offers a warning to the MSM. What if Obama does have a skeleton in his closet (such as a shady deal or outright bribe) that is revealed after he wins the election? While the chance of this scenario is remote, imagine the backlash against the MSM if it could be shown that a reasonable investigation by the MSM would have easily revealed this secret to the public prior to the election?"

[
John Edwards and Sarah Palin did indeed get very different MSM coverage
.]

John Hinderaker at Powerline agrees that the fix is in, it is working--and you knew it all along.

Sadly, it's true: it is indeed working. We live in a political system that has not yet been adequately described, but one might call it a "mediated democracy." Mediated by a self-appointed, generally ignorant but highly opinionated "elite" that is not elite by any conventional measure--income, intelligence, education, social position--but that successfully dictates the terms of political discourse even though it no longer controls (exclusively, anyway) the means of production of the news.


The MSM is "In the Tank and not even Trying", according to Confederate Yankee.
If you recall, several weeks ago Charlie Gibson used a doctored quote when interviewing Sarah Palin.

Gene Johnson of the Associated Press was the person (I hesitate to use the term journalist at this point) who purposefully truncated the quote to make it mean something entirely different, and so I contacted his superior, and noted he had clearly violated APs code of ethics by doctoring the quote.

After a period of silence, I asked the AP "In what way is altering a subject's quote to change the entire context of the quote, and present an entirely false interpretation of what the subject clearly said, not at odds with the Associated Press' ethics policy?"


The AP's response?

"[T]he remark could be interpreted in different ways".

Of course, when it comes to the Blogosphere, the AP's position is that they have no ethics.

Details about Barack Obama, the questionable tactics traced back to his campaign and his many questionable associates get the "John Edwards treatment" in the Mainstream press. [See also "Barack Obama: The Strong-Arm Tactics of Team Obama", "Sarah Palin, Hillary Attacks: Fear and Loathing in the MSM" and "Sarah Palin: Far Left French Foppery, Vampires, and Elitist Palin Attacks".]

As shown with the John Edwards affair/scandal/coverup, the AP's ethics are highly-situational. The Edwards story demonstrated not only the MSM's blantant failure to report, but also a damning indictment to even investigate allegations concerning a Democrat presidential candidate.

Allegations which were true.

CNN, CBS, NBC, Time, Newsweek, the New York Times grudgingly ran articles of the Edwards' affair only after John Edwards himself gave them the go-ahead on August 8. They have since descended into their comforting media blackout, with only ABC News pursuing the Edwards' money trail.

Is the MSM voter suppression effort coordinated?

Only in the sense that like-minded people are inclined to act the same way at different times and places. Just because cars get stolen on the same day in Florida, Wisconsin and Maine doesn't mean the thieves in those different locales are operating as a criminal conspiracy.

It only indicates that people who steal cars are active in all three states at the same time.

Is the massive MSM bias another attempt at voter suppression?

Does the Pope wear a beanie?

Will any MSM outlet question the tilted coverage in favor of Barack Obama?

Will Big Media be successful? What new tactics will the MSM unveil on Election Day 2008?

As always, the election day results will be the judge.

But Big Media has moved from reporting the news into injecting themselves into the political process, into becoming the news itself.

In Election 2008, they have dropped all pretenses of a disinterested, objective press.

The Mainstream Media, like the Chicago machine, are not content with watching events on Election Day unfold.

They want to be the kingmakers.


NOTES:

* It's interesting that the "voter suppression" article at Wikipedia cites "caging lists" as a form of voter suppression.

Caging lists have been used by political parties to eliminate potential voters from the other party's voting roll. A political party sends registered mail to addresses of registered voters. If the mail is returned as undeliverable the party uses that fact to challenge the registration, arguing that because the voter could not be reached at the address, the registration is fraudulent.


Huh?

That sounds like a good way to prevent voter fraud--unless the Wiki writer is a project director for ACORN.


* MSM PALIN ATTACKS

Patterico not only fact-checks the LA Times on Sarah Palin--something that might exhaust the resources of a small army working around the clock--he also provides comic relief by working in a reference and video to convicted conman, Larry Sinclair.


by Mondo Frazier
image: stealing democracy



Friday, July 18, 2008

What Bush Said about Energy Crisis, What Time Said About Bush

A Trip Down Memory Lane
Red Planet Cartoons



Think back seven years to when President Bush delivered the same message that Americans are now demanding of Congress: "Drill, Drill, Drill"?

He was ridiculed and called a greedy oilman by the same cheerleaders that run interference for Barack Obama and congressional Democrats now: the mainstream press.

Red Planet Cartoons has done an invaluable service, both in producing the cartoon above AND reproducing the quote below from a 2001 Time article on energy policy.

In May, convinced the nation was terrified of going California and hungering for a steak-and-eggs energy plan, Bush sold his plan as an aggressive drill-and-dig, anti-regulatory prescription to shoo away the tree-huggers and get the nation — and the economy — humming again.

Two months later, a New York Times/CBS poll released last week found that not only do two-thirds of the nation think Bush and Cheney are too beholden to oil companies, 60 percent think the pair made the whole energy crisis up.

And why not? Energy prices are falling, both in the market and at the pump, and Alan Greenspan, in a post-rate-cut speech Thursday in Chicago, said energy-price inflation was the furthest thing from his mind.
Time magazine: The GOP Try on Jimmy Carter's Sweater June 29m 2001


This is a little reminder: whatever Bush would have done would have made little difference to the lock-step liberals at Time: he would have been wrong and paralyzing his actions would've been called for.

RPC then fast-forwards to 2008:

"…I’ll remind people it took us a while to get into the energy situation we’re in and it’s going to take us a while to get out of it. But one thing is for certain here in the United States, that we can help alleviate shortages by drilling for oil and gas in our own country — something I’ve been advocating ever since I’ve been the President."
--President Bush Discusses 2008 G8 Summit

Red Planet--as well as Bush--could have, at that point, yelled, "GOTCHA!" at all those who have been placing roadblocks in the way of finding and extracting energy in the U.S.

It would have felt good--but it wouldn't bring the price of gasoline down.

by Mondoreb
Source/image: A Trip Down Memory Lane

Sunday, January 6, 2008

The Week in Crime

December 30, 2007 - January 5, 2008


My name is Trench Reynolds.

I blog about crime.

Some of you may know me from my several crime blogs. Others of you may know me from my contribution here at DBKP on the Megan Meier situation.

Thanks to the generosity of Mondoreb I'll now be bringing you the week in crime from my blogs here at DBKP. I haven't thought of a name for this feature yet so feel free to recommend one. Let's get on with the show shall we?


Crime

For the week of Dec, 30th-Jan, 5th


craigscrimelist documents crime related to the popular online classified site craigslist. This week's story focuses on Miami realtor Dean Isenburg.

He pleaded guilty to placing a phony 'escort' ad on craigslist in order to harass his top competitor. The ad stated that his competitor was a prostitute and gave out her home phone number.

CrimeNe.ws is a user generated crime news site that also allows blogging capabilities. This past week I blogged about William Enman.

He was found not guilty by reason of insanity back in 1974 in the beating death of a New Jersey man. He escaped from his psychiatric facility back in September.

My point with this post was that back in 1991 a court ruled that Enman didn't have to take his medication and that the courts are more worried about killer's feelings than the safety of the public.

MyCrimeSpace deals with crime as it relates to social network sites like MySpace and Facebook. On Dec, 30th I posted about Anthony Uckele who is a 24-year-old California man who was convicted for having a sexual relationship with a 12-year-old girl.

It amazed me how many people posted comments on this case that blamed the 12-year-old victim.

News of Doom is a site that I created that continues to perplex me to this day. It documents the crime stories that as I say is proof that as a race humans don't deserve to exist.

The stories on News of Doom are the most heart wrenching stories you'll find. More than occasionally I hate posting at News of Doom but every time I shut it down my readers beg me to bring it back. I guess people love to be pissed off.

In my opinion the most disparaging of these stories in the past week was the story of Michael Gagnon. He's a Michigan drunk driver that killed 5 members of a Maryland family in Ohio over the New Year's weekend.

Psycho for Love is a blog that I inherited from a previous blogger at b5media who I do some work for. It's motto basically describes the site, "When passion leads to crime".

This week the majority of my focus has been on former Arizona beauty queen turned kidnapper Kumari Fulbright. She's also a law student and after being indicted is being allowed to return to the University of Arizona Law School.

Public Enemy:Player1 takes pro-gamers' look at video games and crime. The story that caught my attention most this week was that of 20-year-old Joshua R. Stetar of Upstate New York. He stalked a 15-year-old girl who played Halo who lived in Washington state. That was a 2600 mile drive for Setar.

I made Tased and Confused in the wake of the "Don't Tase me Bro" controversy. My opinion is that is cops didn't use Tasers they'd still be using their guns more often and that if you've been Tased you've probably deserved it.

This week I posted about one Frank Waterhouse of Portland, Oregon. He was Tased by the Portland PD while he videotaped them pursuing a fleeing suspect on his property. I think he deserved it for interfering with the policemen's job but of course he's suing.

Lastly we have my very first blog TheTrenchcoat Chronicles where I've been posting for almost 8 years. It mainly deals with school shootings and other school related crimes.

Since most schools have been on holiday break news has been a little slow so I went off topic this week and posted about how some Latino gangs in L.A. are practicing ethnic cleansing.

That's the week that was for the week in crime. This is Trench Reynolds and I'll see you next week.

by Trench Reynolds
[image: allposters]




If you're interested in crime, check out the sites in the Trench Network.

http://thetrenchcoat.com
http://newsofdoom.com
http://trenchreynolds.com
http://mycrimespace.com
http://craigscrimelist.org
http://crimene.ws
http://psychoforlove.com
http://player1.info
http://tased.thetrenchcoat.com
http://blog.thetrenchcoat.com



"The Week in Crime" is a new Sunday DBKP feature from Trench Reynolds.

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Death by 1000 Papercuts Front Page.

Monday, December 3, 2007

Phone Booths: Fading Relics Of The Past




A small story in today's news from Reuters tells of the demise of the phone booth.

Top U.S. phone company AT&T Inc said on Monday it plans to end its dwindling pay phone business by the end of 2008, as more consumers use mobile phones.

The move affects AT&T pay phones in the company's previous 13-state service area, including California and Texas. BellSouth Corp, which AT&T acquired late last year, has already exited the pay phone business in its nine-state [1]
An end of an era. No place to place a private call. No escape from the elements.

An ode to Phone Booths:









Source: Reuters - AT&T to end dwindling pay phone business

By LBG
Image 1 - [dsng..net]
Image 2 -[david.australianinfront.com.au]
Image 3 - [telephone-booth.hillbilly.com]
Image 4 - [nodium.com]