Cake or Death: Aussie's arrest another terrorist after string of raids

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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Friday, November 11, 2005

Aussie's arrest another terrorist after string of raids

Howard is really trying to crackdown on terrorist cells in Australia after a scare last week.

Nov. 11 (Bloomberg) -- Australian police arrested an 18th man over alleged terrorism offences three days after detaining members of suspected terrorist cells in Sydney and Melbourne.

A 25-year-old man was charged with belonging to a terrorist group after he was detained late yesterday in Guilford, a southern Sydney suburb, according to an e-mailed police statement. The man will appear court today, along with eight other people arrested in Sydney on Nov. 8 and 9 and charged with stockpiling explosive chemicals and being members of a terrorist group.

Nine other men arrested in Melbourne on Nov. 8 are in police custody and will appear in court on Jan. 31. They have been charged with being members of or directing a terrorist group, offences which carry jail terms of as much as 25 years.

Members of the Melbourne group downloaded an al-Qaeda document that called on Muslims to commit the ``heroic act of jihad'' against the West, the Australian newspaper reported today. Australia has supported the U.S.-led war on terrorism and has soldiers serving in Iraq and Afghanistan.

The al-Qaeda information was found during police raids on three Melbourne houses in June, the Australian reported, without saying where it obtained the information. Evidence found during the June raids played a key role in the arrests this week, the newspaper said.

Read the whole article. Towards the end the only problem I have is that Howard menitons the possibility of deporting the terrorists if they have dual citizenship to which I scream "NOOOOOOOOOOOO!" Lock 'em up! You think their other country of citizenship would lock 'em up? If you even have to think about the answer to that question, then you have no choice but to lock them up.

Link to me! Posted by jwookie : 3:41 PM

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