Cake or Death: US Drone linked to al-Qaeda leader's death

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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Monday, December 05, 2005

US Drone linked to al-Qaeda leader's death

If we can wage this kind of war, we will win the GWOT despite what the Democrats think.

(AXcess News) Islamabad, Pakistan - Egyptian-born Abu Hamza Rabia, no. 3 in the chain of command of al Qaeda, was supposedly killed along with four other terrorists in Haisori, a remote location between Afghanistan and Pakistan. A robot drone US Predator aircraft had flown in over the target area late Thursday night blasting the building to pieces, killing all five occupants instantly, Pakistani authorities said.

The Bush administration has not confirmed that Rabia was killed, though DNA tests from Pakistan allege that it was the Egyptian terrorist that was killed. Local villagers had said that terrorists came into the village and took the five badly mangled bodies away, so their were no bodies to make positive identifications from. Only blood found in the rubble could be used to identify Rabia.

This is excellent news for several reasons. One being al-Qaeda #3 is dead; another notch for Dubya to carve on the oval office desk. Two, it was hi-tech. Out of nowhere. Message to terrorists: we can get you anytime, anywhere, and there's no way for you to know it's coming. Three, this has the earmarks of excellent intelligence gathering. That's men (US troops in Iraq and Afghanistan and CIA) on the ground, interrogating captured terrorists (torture?), and possibly agents/informants on the inside of terrorist groups' (al-Qaeda) operations.

This is why we can win and why Dubya keeps saying it is going to take time. Building up intelligence gathering in an area that had been sorely neglected during the Clinton years takes time. But these are the kind of results that we can get if we've got a little patience and persistence.

Link to me! Posted by jwookie : 9:06 AM

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