Presidential Inauguration Live Presidential Inaguration Countdown
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Labels:
Inauguration Videos,
Misc,
Obama Mania
Watch thePresidential Inauguration Live on the iPhone with Ustream
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Labels:
Inauguration Videos,
Misc,
Obama Mania
Watch Obama's Presidential Inauguration Live!
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Labels:
Inauguration Videos,
Misc,
Obama Mania
Obama’s presidential inauguration is viewed as historic and one of its kind. Up to 2 million people are predicted to attend the ceremony. By far the largest in the history of Washington. Another milestone for obama and his team. Also, this is the first time we are seeing so many online web video live broadcasting. Since the inauguration starts at 10AM Eastern Time, iam sure most of you folks would be at work. So for folks that won’t be able to watch the inauguration at home, don’t worry, u can watch the entire inauguration via internet enabled web video streaming. Thanks to myriad of applications that are enabling the live web video.
http://www.webtvhub.com/watch-obama-inauguration-acceptance-speech/
You Tube inauguration live
CSPAN via mogulus grid
CNN with facebook shall broadcast the entire event live
HULU live inauguration
Livestation
CbsNews
Joost
BBC
MSNBC
ABCNEWS
PBS
USATODAY
Mogulus Channel3news
Presidential Inaugural Committee
Justin TV
Joint Congressional Committee
MTV- Be the Change: Live from the Inaugural
Ustream via iPhone
Obama's Presidential Inauguration Schedule
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Labels:
Inauguration Videos,
Misc,
Obama Mania
· Gates to the Inaugural Ceremony open at 8 a.m.
· The inaugural festivities are scheduled to start at 10 a.m. on the West Front of the U.S. Capitol. They will include:
· Musical selections of The United States Marine Band, followed by the San Francisco Boys Chorus and the San Francisco Girls Chorus.
· Sen. Dianne Feinstein provides call to order and welcoming remarks.
· Invocation by the Rev. Rick Warren.
· Musical selection of Aretha Franklin.
· Biden will be sworn into office by Supreme Court Justice John Paul Stevens.
· Musical selection of John Williams, composer/arranger with Itzhak Perlman, (violin), Yo-Yo Ma (cello), Gabriela Montero (piano) and Anthony McGill (clarinet).
· Obama will take the Oath of Office, using President Lincoln's Inaugural Bible, administered by Chief Justice John Roberts. Scheduled around noon ET.
· Obama gives the inaugural address.
· Poem by Elizabeth Alexander.
· Benediction by Rev. Joseph E. Lowery.
· The National Anthem by The United States Navy Band "Sea Chanters."
· President Obama escorts former President George W. Bush to a departure ceremony before attending a luncheon in the Capitol's Statuary Hall.
· The 56th Inaugural Parade will then make its way down Pennsylvania Avenue from the Capitol to the White House.
Collection of US Airways Plane Crash Videos in Hudson River
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Labels:
Inauguration Videos,
Misc,
Obama Mania
Satyam Fallout: India's Young Tech Workers
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Labels:
Bankruptacy
B. Ramalinga Raju's confession to cooking the books at Satyam Computer Services comes as a shocking disappointment to young Indian tech workers who saw him as a role-model.
Paulson re-activates secretive support team to prevent markets meltdown
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Labels:
Economy
From News Source:
Hank Paulson, the market-wise Treasury Secretary who built a $700m fortune at Goldman Sachs, is re-activating the 'plunge protection team' (PPT), a shadowy body with powers to support stock index, currency, and credit futures in a crash.
Otherwise known as the working group on financial markets, it was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown in October 1987.
Mr Paulson says the group had been allowed to languish over the boom years. Henceforth, it will have a command centre at the US Treasury that will track global markets and serve as an operations base in the next crisis.
The top brass will meet every six weeks, combining the heads of Treasury, Federal Reserve, Securities and Exchange Commission (SEC), and key exchanges.
Mr Paulson has asked the team to examine "systemic risk posed by hedge funds and derivatives, and the government's ability to respond to a financial crisis".
"We need to be vigilant and make sure we are thinking through all of the various risks and that we are being very careful here. Do we have enough liquidity in the system?" he said, fretting about the secrecy of the world's 8,000 unregulated hedge funds with $1.3trillion at their disposal.
The PPT was once the stuff of dark legends, its existence long denied. But ex-White House strategist George Stephanopoulos admits openly that it was used to support the markets in the Russia/LTCM crisis under Bill Clinton, and almost certainly again after the 9/11 terrorist attacks.
"They have an informal agreement among major banks to come in and start to buy stock if there appears to be a problem," he said.
"In 1998, there was the Long Term Capital crisis, a global currency crisis. At the guidance of the Fed, all of the banks got together and propped up the currency markets. And they have plans in place to consider that if the stock markets start to fall," he said.
The only question is whether it uses taxpayer money to bail out investors directly, or merely co-ordinates action by Wall Street banks as in 1929. The level of moral hazard is subtly different.
Hank Paulson, the market-wise Treasury Secretary who built a $700m fortune at Goldman Sachs, is re-activating the 'plunge protection team' (PPT), a shadowy body with powers to support stock index, currency, and credit futures in a crash.
Otherwise known as the working group on financial markets, it was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown in October 1987.
Mr Paulson says the group had been allowed to languish over the boom years. Henceforth, it will have a command centre at the US Treasury that will track global markets and serve as an operations base in the next crisis.
The top brass will meet every six weeks, combining the heads of Treasury, Federal Reserve, Securities and Exchange Commission (SEC), and key exchanges.
Mr Paulson has asked the team to examine "systemic risk posed by hedge funds and derivatives, and the government's ability to respond to a financial crisis".
"We need to be vigilant and make sure we are thinking through all of the various risks and that we are being very careful here. Do we have enough liquidity in the system?" he said, fretting about the secrecy of the world's 8,000 unregulated hedge funds with $1.3trillion at their disposal.
The PPT was once the stuff of dark legends, its existence long denied. But ex-White House strategist George Stephanopoulos admits openly that it was used to support the markets in the Russia/LTCM crisis under Bill Clinton, and almost certainly again after the 9/11 terrorist attacks.
"They have an informal agreement among major banks to come in and start to buy stock if there appears to be a problem," he said.
"In 1998, there was the Long Term Capital crisis, a global currency crisis. At the guidance of the Fed, all of the banks got together and propped up the currency markets. And they have plans in place to consider that if the stock markets start to fall," he said.
The only question is whether it uses taxpayer money to bail out investors directly, or merely co-ordinates action by Wall Street banks as in 1929. The level of moral hazard is subtly different.
US and Global Equities Prices would head again towards new lows
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Labels:
Economy
US and Global Equities Prices would head again towards new lows says Nouriel Roubini who predicted the financial crisis in July 2006. In February this year he forecast a ``catastrophic'' meltdown that central bankers would fail to prevent, leading to the bankruptcy of large banks exposed to mortgages and a ``sharp drop'' in equities.
This is what he says so....
For a few weeks since late November equity markets ignored the onslaught of much worse than expected macro news (and all the new were really worse than awful) and had a nice 25% bear market sucker’s rally. But the drumbeat of terrible – and worse than expected - macro news and earnings news and financial news has finally taken a toll on the delusional market belief that the worst was over for financial markets and for equity markets and that the US and global economy would recover in the second half of 2009. So equity prices have already reversed more than half of their most recent bear market rally as the lousy macro news have finally shocked in the last week the wishful thinkers.
Indeed, the retail sales figures published today confirmed a shopped-out, saving-less and debt-burdened US consumer is now faltering as job losses, income losses, fall in home wealth, fall in equity wealth, high and rising debt and debt servicing ratios and a severe credit crunch take a severe toll on the ability of consumers to spend. And reduction in spending and deleveraging of the US consumer will take years to rebuild the savings rate of a household sector now hit by a severe shock to its net worth (as equity and home values fall while debts have been rising) and shocked in its ability to generate income as job losses mount and the unemployment rate surges.
US and global recession will continue at least all the way until Q4 of 2009 (a nasty 24 months U-shaped recession) and that the recovery in 2010-11 will be very weak with growth in the 1% range that is well below a potential of 2.75%. And we cannot rule out that a more severe L-shaped stag-deflation (as in Japan in the 1990s) will take hold. Indeed, as I argued recently.
This is what he says so....
For a few weeks since late November equity markets ignored the onslaught of much worse than expected macro news (and all the new were really worse than awful) and had a nice 25% bear market sucker’s rally. But the drumbeat of terrible – and worse than expected - macro news and earnings news and financial news has finally taken a toll on the delusional market belief that the worst was over for financial markets and for equity markets and that the US and global economy would recover in the second half of 2009. So equity prices have already reversed more than half of their most recent bear market rally as the lousy macro news have finally shocked in the last week the wishful thinkers.
Indeed, the retail sales figures published today confirmed a shopped-out, saving-less and debt-burdened US consumer is now faltering as job losses, income losses, fall in home wealth, fall in equity wealth, high and rising debt and debt servicing ratios and a severe credit crunch take a severe toll on the ability of consumers to spend. And reduction in spending and deleveraging of the US consumer will take years to rebuild the savings rate of a household sector now hit by a severe shock to its net worth (as equity and home values fall while debts have been rising) and shocked in its ability to generate income as job losses mount and the unemployment rate surges.
US and global recession will continue at least all the way until Q4 of 2009 (a nasty 24 months U-shaped recession) and that the recovery in 2010-11 will be very weak with growth in the 1% range that is well below a potential of 2.75%. And we cannot rule out that a more severe L-shaped stag-deflation (as in Japan in the 1990s) will take hold. Indeed, as I argued recently.
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