Cake or Death: US to give nuclear technology to Iran

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.'"

Past Headlines

See who links to me!

Site Meter

Tuesday, June 06, 2006

US to give nuclear technology to Iran

This has bad idea written all over it. And it's a headline that just sounds horrible...

VIENNA, Austria - A package of incentives presented Tuesday to Iran includes a provision for the United States to supply Tehran with some nuclear technology if it stops enriching uranium — a major concession by Washington, diplomats said.

The offer was part of a series of potential rewards offered to Tehran by European Union foreign policy chief Javier Solana, according to the diplomats, who were familiar with the proposals and spoke to The Associated Press on condition of anonymity because they were disclosing confidential details of the offer.

The package was agreed on last week by the United States, Britain, France, China and Russia — the five veto-wielding members of the U.N. Security Council, plus Germany, in a bid to resolve the nuclear standoff with Iran.

So we're going to help them build nuclear reactors and we're going to give them Boeing parts as well. The article classifies the technology as "dual use" in that it can be used in civilian and military capacities. I can't believe we'd give them that technology because I doubt they'll allow us to monitor how they use it. What are we getting out of the deal? Hopefully more than just Iran's word that they'll stop enriching uranium and abandon the program. I honestly can't imagine anything short of allowing us to put our troops in all of their nuclear facilities that would make this deal worth it.

UPDATE @ 4:14pm: HotAir isn't quite as perterbed by the whole scenario based on the thinking that if we didn't offer the nuclear carrot, Germany or Russia would since all of us on this side of the negotiations table aren't even on the same page.

Link to me! Posted by jwookie : 10:33 AM

|

<< Home