Cake or Death: The Cartoon Riots continue...

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, February 06, 2006

The Cartoon Riots continue...

As I said last week, the only reason these cartoons have been found offensive, is that they are too close to the truth. And these riots all instigated by the printing of some simple cartoons, continue propogating the idea the Islam has become a violent religion. Here's some images from the "Religion of Peace."

Amid the violence there have been peaceful protests (sit-ins, marches, boycott, etc.) and most have apologized for their roles in the cartoons, but it is their right to publish the cartoons, as it is yours to criticize them for doing so. That is how free societies work. They've apologized. Let it go. Continued violence does nothing for you or Islam as a religion. It only gives more meaning to the cartoons. Your violence makes them truer than before they were published.

UPDATE: The riots have caused enough shame for the religion that it's sparked some muslims to set up a website to publicly apologize for the actions of the rioters (via Captain's Quarters).

In the middle of all the mayhem surrounding the Danish cartoons controversy, a group of Arab and Muslim youth have set up this website to express their honest opinion, as a small attempt to show the world that the images shown of Arab and Muslim anger around the world are not representative of the opinions of all Arabs. We whole-heartedly apologize to the people of Denmark, Norway and all the European Union over the actions of a few, and we completely condemn all forms of vandalism and incitement to violence that the Arab and Muslim world have witnessed. We hope that this sad episode will not tarnish the great friendship that our peoples have fostered over decades.

They make an reasonable arguement that I feel represents my sentiments on the situation as well as I've tried to describe here. Stop by, read the rest, and sign their guestbook.

Link to me! Posted by jwookie : 4:05 PM

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