Cake or Death: Prominent Lebanese, Christian, anti-Syrian politician assassinated

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, November 21, 2006

Prominent Lebanese, Christian, anti-Syrian politician assassinated

Syria had been seriously implicated in Hariri's death, what's to stop them (or Iran and their proxy Hezbollah for that matter) from taking out another independent voice in the Lebanese government, especially with their renewed interest in the regional power politics.

BEIRUT, Lebanon - Pierre Gemayel, scion of Lebanon's most prominent Christian family and a leading opponent of Syria, was gunned down Tuesday in a brazen daytime hit. The assassination threatened to intensify Lebanon's power struggle between the U.S.-allied government and the Syrian-backed Hezbollah.

Gemayel, 34, was leaving church when he fell into a well-coordinated attack: One vehicle cut off his car from the front, another rammed him from behind, then gunmen burst out and sprayed a dozen bullets into his passenger-side window.

The killing sent tensions spiraling at a time when Lebanon was already facing a worsening political crisis. The Shiite Muslim guerrilla group Hezbollah and its pro-Syrian allies have threatened massive protests — as early as Thursday — aimed at bringing down Prime Minister Fuad Saniora's government unless it gives them greater power.

It certainly looks like an assassination, and Hugh is calling it an attempted coup by Hezbollah when you also take this bit of news into account as well: that there was an attempted assassination of a second Lebanese cabinet member, Michel Pharaon, according to Belmont Club. Belmont reports that that would have been enough to topple the Cedar Revolution.

We'll have to watch the situation to see how this plays out.

Stay tuned for updates...

UPDATE @ 4:37pm: Hezbollah blames the assassination on Israel. Really... they do... Hot Air's got the video to prove it.

Labels: Gemayel, Hariri, Hezbollah, Iran, Lebanon, Pharaon, Syria

Link to me! Posted by jwookie : 4:32 PM

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