Cake or Death: Jose Padilla found guilty

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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Thursday, August 16, 2007

Jose Padilla found guilty

MIAMI, Florida (CNN) -- The jury in the Jose Padilla terror trial has found the American guilty of conspiracy to support Islamic terrorism overseas.

Padilla's two co-defendants, Adham Hassoun and Kifan Jayyousi, were also found guilty on the three counts as charged: conspiracy to murder, kidnap, and maim people in a foreign country, conspiracy to provide material support for terrorists, and providing material support for terrorists.

The verdict came after less than two days of deliberations, according to a U.S. District Court official.

Sentencing is set for December 5th and he faces a maximum sentence of life in prison.

Prosecutors played 70 intercepted phone calls for the jury, 7 of which actually included Padilla's voice. FBI specialists testified that the calls were conducted in code of course and when translated revealed that Padilla was discussing travelling overseas to fight with Islamic militants in Saudi Arabia and Afghanistan.

I'm sure the leftie moonbats are all weeping into their no foam, soy lattes for this ~~"freedom fighter"~~ wannabe terrorist. We here at Cake or Death will chalk it up to good security and prevention of the deaths of thousands of Americans. Score one for the good guys!

UPDATE @ 11:55am - Oh and then there's this damning piece of evidence (Thanks to Hot Air for the reminder) that the leftwing moonbats would like you to forget:

The key piece of physical evidence was a five-page form Padilla supposedly filled out in July 2000 to attend an Al Qaeda training camp in Afghanistan, which would link the other two defendants as well to Usama bin Laden’s terrorist organization.

The form, recovered by the CIA in 2001 in Afghanistan, contains seven of Padilla’s fingerprints and several other personal identifiers, such as his birthdate and his ability to speak Spanish, English and Arabic.

Oops.

But why let perfectly good things like facts get in the way of a ~~freedom fighter~~ wannabe terrorist?

Labels: Padilla, terrorism

Link to me! Posted by jwookie : 11:50 AM

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