Archiv für September, 2011

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Witness to history
financial news

Bild von faungg
Dow closed at 10365.45, dropped 777.68 today, the largest drop ever in history ——Sept. 29, 2008 (black Monday)

the Dow was down more than 800 points, an intraday record. The stock market rallied during the final 90 minutes of the trading day, and the Dow finished down about 370 points at 9,955.50.——Oct. 6, 2008

$ INDU 9,447.11 -508.39 -5.11% on 10/07/2008

8,579.19 -678.91 -7.33% on 10/09/2008 Stocks plunged in the final minutes of trading Thursday, sending the Dow Jones industrials down more than 600 points to their lowest level in five years.

10/13/2008 Wall Street stormed back from last week’s devastating losses Monday, sending the Dow Jones industrials soaring a nearly inconceivable 936 points after major governments’ plans to support the global banking system reassured distraught investors. All the major indexes rose more than 11 percent.

$ INDU Stock price 8,577.91 -733.08 -7.87% on 10/15/2008

$ INDU Stock price 8,979.26 up 401.35 +4.68% on 10/16/2008

The economy’s health improved for the first time in five months in September as supplier deliveries and new orders strengthened, a private research group said Monday.
Daily Wrap-up – A 413-Point Surge for the Dow Jones Industrial Average Amid Widespread Buying —- 10/20/2008

Dow tumbles 514 on earnings forecast worries. 8,519.21 -514.45 -5.69% on 10/22/2008

Stocks fall on belief global recession is at hand
8,378.95 -312.30 -3.59% 10/24/2008

Stocks surge as investors hunt for bargains. 9,065.12 +889.35 +10.88% 10/28/2008

Stocks surge as investors anticipate yearend rally DJIA 9,625 +305.45 11/4/2008

NEW YORK -A case of post-election nerves sent stocks plunging Wednesday as investors, again anxious about a recession, began questioning what impact a Barack Obama presidency will have on business and the overall economy.
DJIA 9139.27 – 486.01 -5.05% 11/5/2008

NEW YORK -Wall Street plunged for a second day, triggered by computer gear maker Cisco Systems warning of slumping demand and retailers reporting weak sales for October. Concerns about widespread economic weakness sent the major stock indexes down more than 4 percent Thursday.DJIA 8695.79 -443.48 -4.85% 11/6/2008

NEW YORK -A disheartened Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won’t buy banks’ soured mortgage assets after all. The Dow Jones industrials skidded 410 points, and all the major indexes dropped more than 4 percent.
DJIA 8,282.66 -411.30 -4,73% 11/12/ 2008

Wall Street launched a massive rebound Thursday, muscling the Dow Jones industrial average up nearly 553 points after driving it down near its lows for the year, as investors decided they did not want to miss out on cheap stocks. 11/13/2008

Wall Street ended a turbulent week with another astonishing show of volatility Friday, with stocks plunging, recovering and then plunging again as investors absorbed another wave of downbeat economic news. DJIA 8,497.32 -337.94 -3.82% 11/14/2008

Dow falls below 8,000, S&P at 5-year low. Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit’s Big Three automakers and the economy disheartened investors.
DJIA 7,997.28 -427.47 -5.07% 11/19/2008

Stocks have plunged again to levels not seen in more than five years as hopes fade that lawmakers will soon put together an aid package for U.S. automakers.
DJIA 7,552.29 -444.99 -5.56% 11/20/2008

Wall Street got a boost of confidence late Friday following a report that President-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as Treasury secretary.
DJIA8,046.42 +494.13 +6.54% 11/21/2008

Wall Street showed clear relief Monday over the government’s plan to bail out Citigroup Inc. – a move it hopes will help quiet some of the uncertainty hounding the financial sector and the overall economy. The major indexes jumped more than 3 percent, extending Friday’s big rally. DJIA 8,443,39 +396.97 +4.97% 11/24/2008

12/1/2008 The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week’s big gains. All the major indicators fell more than 7 percent, with the Standard & Poor’s 500 index down nearly 9 percent. DJIA 8,149.09 -679.95 -7.70%

Day Thirty Nine | Collapse
financial news

Bild von ASurroca
All that financial mess in the news…I’m in the midst of it, too. No, I’m not being foreclosed, but the credit freeze hit me yesterday when my credit card provider decided they were going to lower my credit limit to…exactly what I currently owe. Great.

So, I’ve been doing a lot more night time driving and thinking. Everything around here is collapsing, and I’m losing most of what might tie me down to Florida. I’m paring things down, cutting expenses where I’ve already cut them to the bone, and making due with as little as possible.

There will come a time when I have nothing left to lose out here, and making the move out to the West Coast won’t seem like a risk, but a reprieve.

39/365

Also posted for your convenience at blog.asurroca.com/category/365, complete with tasty RSS feed.


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Finanznachrichten lesen – verstehen – nutzen – Rolf B

Interessante finanznachrichten eBay Auktionen:

Finanznachrichten für Anleger : Signale für Geldanlage und Vermögensaufbau erken
EUR 10,66
Angebotsende: Dienstag Mär-06-2012 23:12:23 CET
Sofort kaufen für nur: EUR 10,66
Sofort kaufen | Zur Liste beobachteter Artikel hinzufügen

Finanznachrichten lesen - verstehen - nutzen - Rolf B
EUR 49,95
Angebotsende: Donnerstag Mär-08-2012 18:05:36 CET
Sofort kaufen für nur: EUR 49,95
Sofort kaufen | Zur Liste beobachteter Artikel hinzufügen
Finanznachrichten lesen, verstehen, nutzen - Rolf Beike
EUR 49,95
Angebotsende: Freitag Mär-09-2012 12:13:15 CET
Sofort kaufen für nur: EUR 49,95
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Neue Finanznachrichten Auktionen

Finanznachrichten auf eBay:

Gewinnen mit Finanznachrichten von Michael Brückner ...
EUR 4,50
Angebotsende: Montag Mär-05-2012 15:09:59 CET
Sofort kaufen für nur: EUR 4,50
Sofort kaufen | Zur Liste beobachteter Artikel hinzufügen

Finanznachrichten lesen - verstehen - nutzen - Rolf B
EUR 49,95
Angebotsende: Dienstag Mär-06-2012 15:15:27 CET
Sofort kaufen für nur: EUR 49,95
Sofort kaufen | Zur Liste beobachteter Artikel hinzufügen

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Griechenland: Kommunismus + radikaler Sozialismus = Nationalsozialismus: Rassistische Attacken

Bitte Beschreibung genau lesen, sonst wirds für ein paar Leute nur peinlich: Ja, in Griechenland gibts statistisch NUR Linke. Nämlich Kommunisten und Sozialisten: www.youtube.com Weitere Beweise: — ND (Neue Demokratie), liberal-konservativ PA.SO.K. (Panhellenische Sozialistische Bewegung), sozialdemokratisch KKE (Kommunistische Partei Griechenlands), kommunistisch SYN. (Koalition der Linken, der Bewegungen und der Ökologie), sozialistisch … Die Pasok regiert, wies ausschaut. Den ganzen Ärger verursachen übrigens die Kommunisten in der Gewerkschaft, die genau das “Programm” hat, zu streiken und zu protestieren: — Griechische Gewerkschaften planen Generalstreik diepresse.com — Griechenland: Gewerkschaft droht mit Massenstreiks www.finanznachrichten.de — Und DAS das Kommunisten sind, die man eigentlich in Europa für ausgestorben gehalten hat, ist auch bewiesen: — Die Jugendorganisation der KKE ist die Kommunistische Jugend Griechenlands (griech. Κομμουνιστική Νεολαία Ελλάδας, KNE). Weitere Mittel, durch die die Partei ihren Einfluss erweitert, bilden die Parteizeitung „Rizospástis” (Ριζοσπάστης — „der Radikale”), die kommunistische Gewerkschaft PAME (Π.Α.ΜΕ), der Fernsehkanal “902″ sowie der Rundfunksender 90,2. An den griechischen Universitäten ist die Partei in Form des Studentenbunds ΠΚΣ (Πανσπουδαστική Κίνηση Συνεργασίας), dessen Wahlergebnisse im Schnitt bei etwas über 15% liegen, ein sehr wichtiger Teil des studentischen politischen Lebens. Sowohl KNE als auch
Video Bewertung: 3 / 5

Euronews de.euronews.net Eric Cantona macht sich bei manchen unbeliebt: Alle sollen von ihren Konten ihr Geld abheben und damit das ganze System zum Einsturz bringen, sagt seit einiger Zeit der ehemalige Starfußballer. Bankiers oder Finanzpolitiker bleiben bei so etwas nicht ungerührt: “Jeder soll bei seinem Leisten bleiben”, sagt zum Beispiel Christine Lagarde, Frankreichs Finanzministerin. “Manche spielen eben gut Fußball, für mich wäre das nichts. Man sollte über Sachen reden, von denen man auch Ahnung hat.” Schon nächsten Dienstag soll der Umsturz stattfinden: Der Franzose Cantona, der bei Manchester United berühmt wurde, hofft auf eine hohe Teilnahme. Im Internet finden sich zahlreiche Interessenten, die mitmachen und auf diese Weise das Weltfinanzsystem zerschlagen möchten: Um sein Ziel zu erreichen, braucht Cantona aber noch viel mehr Helfer. Zehn Millionen Menschen sollten es sein, meint er, das wäre dann eine wahre Revolution — und gar nicht schwierig: Man müsse nicht demonstrieren und erst kilometerweit dorthin fahren, sondern nur zu seiner Bank um die Ecke gehen und sein ganzes Geld abheben. Wenn das sogar zwanzig Millionen Menschen machen würden, breche das System zusammen — ohne Waffen, ohne Blut, einfach nur so.
Video Bewertung: 5 / 5


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Börsenstrategie Ticker – Frankfurter Börsenbrief – 11.07.2011

Die Entwicklung in Italien sollten Anleger im Auge behalten! Aktien: Bayer, Deutsche Bank & RWE
Video Bewertung: 0 / 5

Der positive Trend wird sich fortsetzen! Aktien: Telekom, VW, Freenet, China Specialty Glass & Prime Office


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Mexiko 3/3 – Drogen Dollar Depression -Reportage- Doku Deutsch

Mexiko 3/3 – Drogen Dollar Depression -Reportage- Doku Deutsch

Positionieren Sie sich langsam! Aktien: SAP & Comdirect
Video Bewertung: 5 / 5


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Schöne Financial News Photos

Gute financial news Photos:

sunset at the rowing pond
financial news

Bild von joiseyshowaa
Central Park. New York City. Manhattan. This bridge shows up over and over in the movies. Disney’s Enchanted was just the latest.

www.joiseyshowaa.com

3rd Place in centralpark.com’s Spring 09 photo contest:
www.centralpark.com/pages/photo-contest/spring-2009-conte…

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www.ioltravel.co.za/section/view/3422
www.anneofcarversville.com/journal/2008/5/18/imagine-john…
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www.offplanpropertyexchange.com/news/category/financial/
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www.travelblog.it/post/5777/cercare-un-bed-and-breakfast-…
blog.ratestogo.com/guided-city-walking-tour/
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www.joyfills.com/photo-credits/bridge-and-sunset-thumb/
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www.jazzhostels.com/blog/1096-guide-to-central-park/
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www.objektivek.com/blog/20091208-napkelte-es-napnyugta-i
blog.travelfusion.com/2010/01/10/sunday-snapshot-manhattan/
www.jazzhostels.com/blog/1096-guide-to-central-park/
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sysopchris.blogspot.com/2010/06/23-stellar-bridge-picture…
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Sunshine on the Welbourne Centre
financial news

Bild von Alan Stanton
IMPORTANT

Temporary Update: 30 March 2011.

If you came to this page searching for news on Cllr Charles Adje, and his four months suspension by the Haringey Standards Committee, please follow the links below to the local newspapers.

§ Hampstead & Highgate Express
§ Haringey Independent main story – including comment by council leader Cllr Clare Kober.
§ Haringey Independent – includes comment by complainant Clive Carter.

§ Background papers to the Standards Committee hearing are published on Haringey Council’s website. Frustratingly, the file is a bloated 38 megabytes. (I’ve asked that a shorter text version is posted.)

In the meantime, I applaud the tenacity of Clive Carter, who made the complaint to the Standards Committee. Clive and I often disagree. But without his determination, this outcome would not have been achieved.

To find out more about how Cllr Charles Adje carried out some of his duties as a councillor, please follow the sequence of photos and comments in my set here.

══════════════════════════════════════════════════

This is Part Six of an eight-part series about matters involving Cllr Charles Adje.
To view in sequence, please click here.

◄ Back to Part Five Forward to Part Seven ►

________________________________________________________

At the Haringey Council meeting on 19 January 2009, Cllr Neil Williams put further questions to Cllr Charles Adje about a report by the Standards Board for England. (Case number SBE21513.08) This concerned the investigation into the allegation that Cllr Adje had disclosed confidential information to a solicitor.

As we had come to expect, Cllr Adje again refused to answer legitimate questions. But as well as continuing to block, he also went on the attack.

As you will see from the transcript below, Cllr Adje began by criticising Council officers.
He blamed them for not giving him "adequate and proper" legal advice. This is not a new approach from him. When he chaired the Alexandra Palace Board he tried to deflect any responsibility for the Firoka Licence at Alexandra Palace by blaming officers there.

I was intrigued by what Cllr Adje said at the Council meeting about the legal advice he did not get.
So I put my own questions to Haringey’s Legal Service. I’ll outline their reply in my next update.

Cllr Adje followed with the innuendo that his political opponents have some “sinister” and "vindictive" motives for actually asking him questions. Since I’m proud to be one of these impertinent questioners, I found this most reassuring. It’s the classic ad hominem argument. (As they say in football; ‘tackling the player, not the ball’.) Because if Cllr Adje has nothing to hide, instead of huffing and puffing about the questions, why doesn’t he simply give full and candid answers?

The next person in line for public denunciation was Mr Roger Lovegrove, who until May 2009 chaired Haringey’s local Standards Committee. Cllr Adje unfairly challenged Mr Lovegrove’s impartiality and independence. I’ll say a bit more on this below.

The final recipient for a scolding was an unnamed LibDem councillor who – Cllr Adje claimed – had "exposed sensitive commercial infomation". Cllr Adje went on to make a further allegation: that "the matter was [ . . . ] swept under the carpet apparently following an understanding he [the LibDem Councillor] reached with the then leadership."

Is any of this more than just blather and bluster? Let’s look below at what Cllr Adje said.

________________________________________________________

Transcript of part of Haringey Council meeting 19 January 2009

Cllr Neil Williams
With regard to the published summary of Standards Board for England case SBE 21513 08 can he explain in what circumstances he feels it’s appropriate to obtain independent legal advice while discharging his duties as a Haringey cabinet member?

Cllr Charles Adje
I would like to start by thanking the member for his question. I would like to repeat yet again that this matter has been dealt with already by the Standards Board. As a matter of fact and just for the record I do indeed feel that there are occasions when a cabinet member may feel it appropriate to seek independent legal advice. I do not wish to go into detail, and will not be pressed further on the matter. But in this case I had reason to feel that I was not being given adequate and proper advice on this issue. And thus decided, for the sake of my own understanding of the situation, to seek independent advice, as repeated requests for clarification on the matter was not forthcoming despite my escalation of same. That is all I have to say by way of explanation, as the matter has been investigated and decided upon already, Mr Mayor.

It is always difficult for members to always take officers’ advice as gospel. Especially when it is out of kilter with the normal Council practice, and when it has been applied in the past and not on this particular occasion. Bearing in mind the District Auditor’s comments that members should always satisfy themselves. I therefore make no apologies for seeking to safeguard the Council’s image and interest, both as a local councillor and the cabinet member in this regard.

I should like to add that I feel most disappointed that this issue is being raised again and again. It is not uncommon for members on both sides to be referred to the Standards Board for a variety of reasons. And the decisions of the Board should be trusted and respected. In my own case I am increasingly becoming to believe that my political opponents – mainly but almost certainly not solely on the opposition benches are seizing on it to try to make cheap jibes at my personal expense and continue to smear me.

If I were not convinced of their commitment to the Council’s Equal Opportunities and Anti-Discrimination Policies I might almost begin to wonder whether there were more sinister motives in their continued chewing-over of this matter, There are signs that this is becoming beginning to look like a systemic and rather personally vindictive smear campaign.

I am also extremely disappointed and indeed angry, Mr Mayor, that some part seems to have been played in the resurrection of this issue by a supposedly impartial and independent member of the Standards Committee of this Council.

Mr Mayor, does the member recall when one his colleagues – who shall remain nameless – exposed sensitive commercial information to a member of their party whose company was bidding to run an arms length organisation of the Council? From what I recall, no action was taken and the matter was – for want of a better phrase – swept under the carpet apparently following an understanding he reached with the then leadership. Talk about hypocrisy.

While I do not for one moment draw a parallel between that case and mine, I cite this example to remind him that there have been issues in his own party that could equally well be picked over by opponents with nothing better to pass their time.

That is really what I have to say on this matter, Mr Mayor. There are far more pressing and important issues that are faced by my Labour Group; the Opposition; and most importantly – base on the debate that we’ve just had in terms of the Recession – the people of this borough. And all our efforts should be focused on these matters rather than the petty political point-scoring, personal campaigns against individuals, and the picking over of old issues. Thank you.

Cllr Williams
Well, that was an extraordinary response. I mean I think the assertion that it’s being pursued for sinister reasons referred to, is risible. The other explanations given are completely incomprehensible to me. I don’t even know what he’s talking about.

But can he give us an assurance then, from this report – the summary report that everybody here must have read – as far as he is aware, is it the case that as a result of him seeking that independent advice, as this report clearly indicates, that somehow that documentation ended up in the hands of somebody with a financial interest in that property?

You are in charge of disposal of public property in our borough. Why can’t you realise this is a very serious matter? And it’s not one at which you can make cheap political points. How did that happen? And if you are so concerned that you’ve done the right thing, you won’t be sorry or hesitate to tell us how that happened.

Cllr Adje
Thank you, Mr Mayor. The member should realise that, yes, I understand and I know my responsibilities. He is fully aware – I am – that he asked for certain documentation which, by virtue of being a member of the committee, he has been provided. And he is also fully aware that I cannot go into detail and I will refer him to the written question that was posed by him; and my answers there are self-explanatory."

________________________________________________________

My Comments on this exchange between Cllr Adje and Cllr Williams

‘"And he is also fully aware that I cannot go into detail . . . "

In fact Cllr Charles Adje was perfectly free to go into a lot more detail – and without disclosing any more confidential documents. But he had no intention of doing so. We learned this shortly after the Council meeting when he inadvertently copied a local community group into an email he sent.

"It was very heated – they did not like it. I presume he is likely to come back
but I shall ignore him and the others from now on. A.S. was heckling whilst I
was speaking. Gideon is likely going to report him to the Chief Whip."

Plainly, the ‘he’ referred to is LibDem councillor Neil Williams.

‘A.S.’ is me. And "heckling" refers to the fact that when Cllr Adje said: "I do not wish to go into detail, and will not be pressed further on the matter", in sheer astonishment I said precisely two words out loud: "Why Not?

The "Gideon" who was going to report me for this was Cllr Gideon Bull, Cllr Adje’s fellow councillor for White Hart Lane ward. We’ll come across him again here.

The then Labour "Chief Whip" was former councillor Harry Lister. (We will learn more about his involvement in Part Eight and subsequently.)

________________________________________________________

Criticism of the Chair of the local Standards Committee

I guess like most people at the Council meeting, I hadn’t a clue what Cllr Charles Adje was on about when launched an attack on "a supposedly impartial and independent member of the Standards Committee of this Council" for "the resurrection of this issue". (Although the issue was very much alive and kicking at that time. And whether or not Cllr Adje chooses to ignore it, will stay alive as long as Cllr Adje remains in public life.)

It turned out he was referring to the letter below. It was written by Mr Roger Lovegrove, Independent Chair of Haringey’s Local Standards Committee; and published in the Hampstead and Highgate Express on 2 January 2009. Unfortunately the paper’s search facility wasn’t working when I tried to find a link. So here’s the text of this letter to the editor. As the letter itself makes plain, it was not written as Mr Lovegrove’s personal view, but on behalf of the Standards Committee.

Text of the letter from Mr Roger Lovegrove to the Hampstead & Highgate Express

On 6 November, you ran an article about a complaint made to the Standards Board for England concerning an alleged breach of confidentiality by Councillor Charles Adje.

That report concluded with a quote from Councillor Adje in which he was reported as saying "If they thought I had done something wrong, they wouldn’t have said that no action needs to be taken."

At its meeting of 22 December, Haringey’s Standards Committee asked me to write to you to clarify the situation.

It is correct to say that the Standards Board did decide that no further action needed to be taken. As your report makes clear, however, they did actually find that Councillor Adje had broken the provisions of the Members’ Code of Conduct by breaching confidentiality.

When their decision to take no further action became known to me, I felt it necessary to write to the Standards Board on behalf of the independent members of Haringey’s Standards Committee expressing bemusement at that decision. However, since the decision had been made the matter could not be reopened.

I might add that since this complaint was originally received by the Standards Board, the whole system for the handling of complaints has been altered. Complaints are now are normally considered locally, by Standards Committees such as Haringey’s, rather than by a remote, national "umbrella" body such as the Standards Board.

Roger Lovegrove
Chair Haringey Standards Committee

Cllr Adje’s reply sent to Mr Lovegrove and others.

Dear Mr Lovegrove,

Thank you for copying me into your correspondence to the Ham & High for publication.

I find your letter absurd and am astounded that as an Independent chair of the committee that you allow your position to be used as a party political tool. Surely, if you have concerns which you have raised with the SBE with regards to their decision, that should be discussed and left at that at the committee.

It seem to me that you have allowed the independent position of chair to be undermined by allowing yourself as the current chair to be drawn into what is a party political issue and if you have any concerns, then that should rightly be raised and discussed with the appropriate bodies and not through the press.

I sought independent legal advice in good faith and will leave it there.

Yours

Cllr Charles Adje
Labour Member for White Hart Lane Ward


My Comment on this exchange of letters

There’s a rather glaring disparity between Cllr Adje’s view of the "respect" due to the Standards Board for England and to Haringey’s local Standards Committee.

About the former, Cllr Adje lectures the Council that: “decisions of the Board should be trusted and respected”. On the latter, he tells Mr Lovegrove, the committee’s chair, that he is “astounded” by his "absurd" letter to the Ham & High.

Though as we see above, Mr Lovegrove’s letter is no more than the most polite statement of the factual position.

Even in its publicly available Summary Report, the Standards Board for England plainly stated that Cllr Adje had "breached the Code of Conduct”. He did this “by disclosing confidential information without getting his solicitor to agree formally that it would remain confidential and not be further disclosed.” Please click here here to read the Summary Report on the Standards Board’s website.

═══════════════════════════════════

Continue to Part Seven in this series which looks at
legal advice Cllr Adje requested from Haringey officers.

Circuit City
financial news

Bild von Ed Yourdon
This is (or was) the Circuit City store on Broadway, between 79th & 80th Street on the Upper West Side of Manhattan. It has been in this location for years and years and years … but in late 2008, the company declared Chapter 11 bankruptcy, and when they could find no buyers or financial support, they declared Chapter 7 and began liquidating. The "going out of business" sign above the entrance makes that pretty clear, and the various other signs in the windows create a real sense of urgency…

Note: this photo was published in a Feb 5, 2009 blog article entitled "After-Effects of Circuit City Bankruptcy." It was also published in a Feb 12, 2009 blog entitled "Surviving an economic recession – Survival tips," as well as a blog on the same date titled "Employment outlook for North Carolina." And it was published in a Feb 27, 2009 blog entitled "3 Ways A Small Business Can Survive An Economic Recession." It was also published in a March 2, 2009 Salon blog entitled "The plug is pulled on Circuit City," and a March 9, 2009 blog entitled "The Best Email I Got Today [Sad]." And it was published in a Mar 11, 2009 Brazilian blog article entitled "O melhor e-mail que recebi hoje ."

Good grief, this is getting ridiculous: the photo was also published in a June 4, 2009 blog titled "What Happens When a Small Business Declares Bankruptcy?" And it was published in a Feb 22, 2009 blog titled "Employment outlook for North Carolina." And it was published in a Jun 23, 2009 blog titled " Why Electronics Stores ‘Suck’." And it was published in a Jul 25, 2009 blog titled "Hanging Tough." I’ve recently discovered that it was also published in a Mar 13, 2009 PBS blog titled " Why Are So Many Companies Collapsing So Suddenly?"

The fun just doesn’t seem to stop: the photo was published again in an Aug 14, 2009 blog titled "Circuit City (what’s left of it) sells your name to the highest bidder." And on the same day, it was published in a blog titled "Three Steps to Keep a Job in Tough Economic Times," the URL for which I can’t seem to get Flickr to accept. Well, you’ll just have to take my word for it, or do your own Google search for a blog posting with that title… Meanwhile, it was also published in an Oct 10, 2009 blog titled "Declaring Yourself Bankrupt."

I also discovered it in a Mar 10, 2009 issue of the Brazilian edition of Gizmodo, in a blog posting titled "O melhor e-mail que recebi hoje," but someone had pasted in an announcement that said "CompUSA.com Retail Stores: the Grand Reopening" — which definitely was not in my original photo. And it was published in a Dec 28, 2009 blog titled "The Most Important Tech Products, Events, and People of 2009."

Moving into 2010, the photo was published in a Feb 4, 2010 blog titled "5 Reasons You May Want to Start a Side Business." And it was published in a Mar 5, 2010 blog titled "33,000 Lost Their Jobs Last Month — Read This Book If You’re One (Or Have Already Been Canned)." It was also published in a Mar 15, 2010 True/Slant blog titled "It’s time for the banks to bail out the U.S." And it was published in an Apr 12, 2010 blog titled "Personal Bankruptcies Hit a High and May Keep Rising." It was also published in a May 5, 2010 blog titled "5 Reasons You May Want to Start a Side Business." And it was published in a May 25, 2010 blog titled "Warning Signs of Business Bankruptcy." It was also published in a June 3, 2010 blog titled "Tough economic times demand tighter spending, but will new frugality last?" And it was published in a Jun 20, 2010 blog simply titled "Circuit City." It was also published in a Sep 29, 2010 blog titled "Credit Card Debt Management: Get Freedom From All Debts in a Convenient Manner ." And it was published in a Nov 10, 2010 blog titled "What is a good APR on a credit card for someone who has a fair/good credit history?" And it was published in a Nov 19, 2010 blog titled "Tips for the success of small online business." It was also published in a Dec 21, 2010 blog titled "SMEs need help."

Moving into 2011, the photo was published in a Jan 7, 2011 blog titled "3 Online Dating Tips to Find Your Perfect Woman." And it was published in an undated (mid-Jan 2011) blog titled "Employment outlook for North Carolina." It was also published in an undated (early Apr 2011) blog titled "Guide to Making the Most of Small Business Credit Cards." And it was published in an Aug 4, 2011 Forbes blog titled "Avoiding the First Credit Card Maze."

***************

These are photos that I began taking in mid-December of 2008, after the government helpfully informed us that the recession (a word they had dared not use before, just as they refuse to use the word "depression" now) has actually been in effect since December 2007.

Having lived through roughly half a dozen previous recessions, with nothing but vague memories to mark their existence, I thought it would be useful to start gathering some photographic memories of the current one. It may or may not turn out to be as severe as the Great Depression of the 1930′s, and it may or may not produce the kind of grim photographs that we have of that era … but we won’t really know until it’s over, and our 20-20 hindsight might be better informed with some pictures.

Thus far, I have only a few pictures of signs showing steep discounts; these are interesting, but it’s the "human story" that I think will tell the more important story. But I’ve also noticed an increase in the number of homeless people on the street, asking for money, food, and handouts; but I have no direct evidence that it’s associated with the recession itself. In any case, I’m reluctant to take advantage of such people by taking casual photos of them; I’m sure more appropriate opportunities will present themselves, and I’ll add them to the album as I find them…


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Fred with Neil Cavuto

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On the set of “Your World”
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Fred answers a question
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