Cake or Death: Egypt promises to keep weapon smuggling into Palestinian territory to a minimum

Al Gore says global warming is YOUR fault!
"He betrayed this country! He played on our fears!"
You don't say...

September 18th, 2007

Fed Cuts Benchmark Rate Half Point, Seeking to Forestall Recession in U.S. - "The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, to protect the U.S. from sinking into a recession sparked by fallout from the housing-market collapse. 'Today's action is intended to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets,' the Federal Open Market Committee said in a statement after meeting today in Washington. The central bank will 'act as needed to foster price stability and sustainable economic growth.' Stocks surged, two-year Treasury notes rose and the dollar fell to a record low against the euro. The larger-than-forecast reduction suggests Chairman Ben S. Bernanke is prepared to leave himself open to criticism that he's rescuing investors from bad decisions for the sake of saving the six-year expansion."
U.S. Producer Prices Drop More Than Forecast; Foreclosures on Homes Double - "The 1.4 percent decrease, the biggest since October, followed a 0.6 percent increase in July, the Labor Department said today in Washington. So-called core prices, which exclude fuel and food costs, rose 0.2 percent after a 0.1 percent gain the month before. Slower inflation gave policy makers room to cut their benchmark rate today in an effort to sustain the expansion in the face of a housing recession. A drop in fuel expenses pushed prices down in August and cooling economic growth will continue to restrain raw-material costs, economists said."

September 14th, 2007

U.S. Retail Sales, Output Rise Less Than Forecast, Adding to Rate-Cut Case - "The 0.3 percent increase in sales during August followed a revised 0.5 percent gain in July, the Commerce Department said today in Washington. Purchases excluding automobiles unexpectedly fell 0.4 percent. Production gained 0.2 percent, with factory output declining for the first time since February. While a report from the University of Michigan and Reuters Group Plc showed consumer confidence increased, their sentiment index remained near the lowest level in a year. Treasury notes rallied after the retail sales and production reports, before losing the gains."

September 13th, 2007

Greenspan Says He Didn't Foresee Credit Rout, Endorses Bernanke, CBS Says - "Current Fed Chairman Ben S. Bernanke 'is doing an excellent job,' Greenspan said in an interview on the 60 Minutes program, according to excerpts e-mailed by CBS today. The show is scheduled to air on Sept. 16, a day before the publication of Greenspan's book, 'The Age of Turbulence.' The remarks come amid criticism among some investors that Bernanke has failed to be as forceful as his predecessor in responding to financial turmoil. Greenspan in 1998 cut interest rates three times after a Russian debt default rippled through global markets. Bernanke's Fed has refrained from lowering its benchmark so far, relying on other tools to provide liquidity."
Commercial-Paper Market Decline in U.S. Slows as Concerns Over Credit Ease - "U.S. stocks rose and Treasuries fell after the Federal Reserve reported short-term debt dropped by $8.2 billion, compared with a decline of $31.3 billion a week earlier. That coincided with Countrywide Financial Corp. obtaining new financing and banks finding buyers for loans to fund Kohlberg Kravis Roberts & Co.'s buyout of Alliance Boots. Issuers with the biggest chance of default had stopped trying to sell commercial paper, rekindling appetite for short- term debt, said Tony Crescenzi, chief bond market strategist at Miller Tabak & Co. in New York. 'Investors have already pushed out the weakest issuers,' Crescenzi said in an e-mail. 'The commercial paper that remains is a relatively more respected crop.'"

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Name: jwookie

Location: Temecula, California, United States

I'm just a normal guy who was trying for medical school and ended up in finance. I'm not quite sure how I got here, but there aren't alot of hippie tree-huggers in finance, so I might stick around for a while. Other than that I'm spending time with my wife and dog, working out at the gym, sports (baseball mostly, but I'll settle for basketball and football), reading, music, and more. In the end, my free time isn't very free, so I'll probably do most of my posting from work. Hopefully they think all that typing is me actually working.

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Tuesday, August 23, 2005

Egypt promises to keep weapon smuggling into Palestinian territory to a minimum

I haven't posted on it yet, but we've all been watching the images of Israeli settlers being forcibly removed from Gaza. I don't think anything good is going to come of abandonning the territory. I don't think giving in to the demands of terrorists (or those who support terrorists) will yield anything but more demands, Hamas has already said they plan to use the territory as a training ground for terrorists, and now we can only hope Egypt keeps its word on this:

JERUSALEM (AP)-[off the wire, no link]-Israel and Egypt have sorted out the last details of an agreement on Egyptian supervision of the border with Gaza, a key element of Israel's pullout that is ending its 38-year occupation of the territory, Israel Radio and the Haaretz newspaper reported Tuesday.

The paper, citing unidentified defense sources, said the 750-member Egyptian border police will be equipped with armored personnel carriers, light arms, and rocket-propelled grenade launchers.

Egypt also will deploy naval patrol boats off the Gaza coast, it said.

Israel Radio said the last hurdle was overcome when Egypt pledged it would not provide weapons to the Palestinian Authority after Israel leaves the frontier.

An Israeli Foreign Ministry spokesman said he had no new information on the accord.

Haaretz said there were no issues left outstanding, and the agreement will be signed by senior military officers once it is approved by Israel's government and parliament.

Israel has been concerned that weapons and explosives will be smuggled across the border from Egypt's Sinai Peninsula into Gaza town, and once its troops leave as part of the Gaza evacuation.

Israel completed the evacuation of all 21 civilian settlements in Gaza Monday.

Copyright © 2005 Dow Jones & Company, Inc.(AP-DJ)--08-23-05 1612EDT

All that I could muster as I watched Israeli citizens being dragged away from their homes by Israeli police were feelings of great sadness. I really don't care what the deal was. It won't be worth it.

Link to me! Posted by jwookie : 3:17 PM

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