Cake or Death: Iran has documents that serve no purpose other than the construction of a nuclear weapon

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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Tuesday, January 31, 2006

Iran has documents that serve no purpose other than the construction of a nuclear weapon

... and for some reason the Russians insist that though they will agree to refer Iran to the Security Council, they remind Iran that this won't yield any immediate results. Gee. Thanks Russia.

VIENNA, Austria (AP) - The U.N. nuclear watchdog agency said in a report Tuesday that Iran obtained documents and drawings on the black market that serve no other purpose than to make an atomic warhead. Tehran warned of an "end of diplomacy" if plans to refer it to the U.N. Security Council are carried out.

[...] While diplomats familiar with the agency probe into Iran's nuclear program, speaking anonymously, said at the time that the papers apparently were instructions on how to mold highly enriched uranium into the core of warheads, the agency itself refused to make a judgment on what possible uses such casts would have.

In the brief report obtained Tuesday, however, the agency said bluntly that the 15 pages of text and drawings showing how to cast fissile uranium into metal was "related to the fabrication of nuclear weapon components."

And again the world breathes a simultaneous, "Oh shit." Can we nip this in the bud already? I would like to think Michael Ledeen is wrong and that our intelligence is good enough to get all their reactors, but I just can't. While our intelligence has improved by leaps and bounds, leaps and bounds from the useless pile of crap that it was under Clinton, doesn't necessarily translate into hard intel. I don't know though that we can wait for Israel to be the courageous country that acts alone... again in preventing a totalitarian regime from getting nukes. Can a popular uprising with vigorous US support succeed? Only if it gets crackin' already...

Link to me! Posted by jwookie : 4:36 PM

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