Well we're outta cake! We only had three bits and we didn't expect such a rush.
Al Gore says global warming is YOUR fault! "He betrayed this country! He played on our fears!"You don't say...
Headlines
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.'"
I'm just a normal guy who was trying for medical school and ended up in finance. I'm not quite sure how I got here, but there aren't alot of hippie tree-huggers in finance, so I might stick around for a while. Other than that I'm spending time with my wife and dog, working out at the gym, sports (baseball mostly, but I'll settle for basketball and football), reading, music, and more. In the end, my free time isn't very free, so I'll probably do most of my posting from work. Hopefully they think all that typing is me actually working.
I'm also crossposting all this at the hip new place to blog, Townhall! So stop by and check out the layout at Cake or Death@Townhall and let me know which one you like better.
Wackypants Ahmadinejad says he's freeing the kidnapped British soldiers
After he gives his Iranian troops who captured them medals of honor of course...
WaPo - Iran today announced the release of 15 British sailors and marines it seized two weeks ago in disputed waters of the Persian Gulf, ending a diplomatic crisis with a bit of political theater that included a chatty, smiling round of goodbyes between Iranian President Mahmoud Ahmadinejad and the Britons.
In a surprise turn of events, Ahmadinejad in a Tehran press conference first awarded bravery medals to an Iranian commander involved in seizing the British seamen on March 23, then announced that the captives were being freed as a "gift" honoring both the Easter holiday and Muslim celebrations commemorating the birth of the Prophet Muhammad.
"I announce their freedom," the Iranian president said, according to a translation of his press conference aired on CNN. "They will be free after our meeting. They will go to the airport and be with their families."
Wackypants also took the media spotlight and used it to poke fun at the West by questioning our family values because we allow women to join the armed forces and also jokingly pleaded with Blair to not be mad at his soldiers for their remarks that Iran broadcast saying Britain was at fault. As if Britain would actually bring legal action against them for statements made while be held captive, basically a POW.
But that's what you get from a megalomaniac with delusions of grandeur... a lame sense of humor after reckless acts of war.
I know, I know... You're saying "Tell me something I didn't already know..."
But if you still need covincing check out this clip from The View where she says 9/11 was a fake, she believes the Iranians are the victims, we should impeach the president, and that there is basically no good and evil.
You know... standard stuff...
So the Brits and Americans staged this British hostage situation to instigate a war... Nevermind that the Brits have come out and given the exact coordinates where their boat was. It took Iran two tries to make up coordinates that were in Iranian waters; funny how the first set they publicized were actually in international waters. The second set was two miles away, and, you guessed it, in Iranian waters.
Despite that lie, despite their lies that they'd release the lone female marine held hostage, despite their refusal to allow UN and IAEA inspectors verify their "peaceful" nuclear program, despite the fact that they've taken hostages before, despite their involvement in supplying Iraqi insurgents with weapons that are killing Americans, despite their desire to destroy Israel, one of our greatest allies, Rosie still trusts them more than she does our own government. Well if Rosie trusts them, heck... that's good enough for me... Still, heaven forbid that we actually apply a universal set of standards to Iran's behavior and label them as "bad" or "evil". Those poor Middle East countries just can't get a fair shake from the right wing media machine...
Then Rosie goes all Loose Change on us and all but says that 9/11 was orchestrated by our own government. Starts saying that we should get a couple Harvard physicists who'll say that Tower 7 was brought down by demolition. Hey Rosie: ScrewLoose change. How about that Popular Mechanics article debunking the conspiracies propogated by you leftwing moonbat lunatics. You want one or two Harvard elites who'll play to your fantasy. Popular Mechanics consulted more than 70 experts from across the country. But I'm sure that's easy to ignore since it doesn't jive with your warped view.
You want to get pissed, get pissed at the terrorists who killed nearly 2,000 Americans without provocation on 9/11. That's right, no provocation. We weren't in Iraq or Afghanistan. Wackypants Ahmadinejad wasn't even in power yet. So don't blame Bush for doing his best to bring justice to the terrorists and the countries that support and harbor those terrorists.
So what's next Rosie? Global warming is a reality?
And why hasn't their been any sort of response yet?
TEHRAN, Iran - Iran said Monday it was interrogating 15 British sailors and marines to determine whether they intentionally entered Iranian waters. Britain denies its personnel had left Iraqi territory when they were captured and detained by Iran.
British Prime Minister Tony Blair ‘s office sought to play down fears that the incident would deepen tensions with Iran, which threatened to charge the 15 with illegally entering its territory.
The seizure of the British service personnel has deepened troubles between Iran and the West, which is concerned about Iran‘s nuclear program and accused the country of interfering with the U.S.-led war in Iraq .
According to Iranian state television, Deputy Foreign Minister Mehzi Mostafavi did not say what Iran plans to do with the sailors and marines, but he said they were being interrogated.
He said the British government was accountable for the group‘s actions.
Iran rejected British requests to visit them, warning they could face charges for allegedly entering Iranian waters — charges that Blair‘s office has repeatedly rejected.
Britain‘s Defense Ministry would not disclose details of positioning equipment carried aboard the craft that sailors were using when they were seized, but said it was "categorically certain" they had not strayed into Iranian territory.
As much as I'm a fan of Tony Blair, he hasn't adequately responded to this. This is in every sense, an act of war. Diplomatic talks while a great option, shouldn't be the only option. Perhaps a naval blockade or a precision strike on a republican guard training compound... Something that says these soldiers lives are more important than some soundbites and a couple rounds of diplomatic talks. Their capture deserves swift a decisive action.
March 23 (Bloomberg) -- Iran seized 15 British sailors and Marines who were conducting "routine boarding operations" in Iraqi waters, the U.K. Ministry of Defence said.
"The boarding party had completed a successful inspection of a merchant ship when they and their two boats were surrounded and escorted by Iranian vessels into Iranian territorial waters," the ministry said in an e-mailed statement. "We are urgently pursuing this matter with the Iranian authorities at the highest level."
Iran's foreign ministry confirmed seizing the Britons "for investigation and questioning" and said it was because British sailors have illegally entered its own territorial waters "a number of times," Agence France-Presse reported, citing Iranian State television.
They better get all 15 soldiers back in a timely manner without a hair on their heads out of place. Otherwise you can bet Iran gonna be up to their neck in in shit courtesy of British and US marines.
Prince Harry will be fighting for his country in the GWOT in Iraq.
Forbes - He's the redheaded son of the late Princess Diana, the rowdy royal known more for dancing until dawn than waking for battle. But Britain's party prince, Harry, is getting his wish and is being deployed to Iraq this spring with his Blues and Royals regiment.
Royal officials announced Thursday that the 22-year-old prince would fight for his country, confirming feverish tabloid speculation about the future of the best-recognized tank commander in Britain. His regiment is expected to set out in May or June for a six-month tour.
Harry, a second lieutenant, has been trained to lead a team of 12 men in four armored reconnaissance vehicles and could become the first British royal to see combat since his uncle, Prince Andrew, flew as a Royal Navy pilot in the Falklands War against Argentina in 1982.
This has of course been all over the MSM lately and deservedly so, but for the wrong reasons. You can hear the newscaster's hand-wringing when they say, "Won't Harry be a huge target for the insurgents?"
Sure it's easy to have a brain-fart moment and say of course he'll be a big target, but I think that's giving a little too much credit to the insurgents. How are they going to recognize Harry? I don't think he'll be wearing a crown in the field, or have anything else on him that's going to make him stand out as a Prince of England. It's not like Medieval times when the royalty wore royal garbs into battle. He's going to look like every other tank commander Britain has over there. And when I'm sure by the time a terrorist gets close enough to recognize him, I'm sure his men will make short work of the would-be terrorist.
That brings up another good point. His men, knowing who Harry is, are going to fight until their last dying breath to protect their commander, which could very well make it even more difficult to get to Harry. You don't think one of them would throw themselves on a grenade to save him? Take a bullet? They'll stop at nothing to protect him.
In the Daily Mail interview, Dannatt said: "I don't say the difficulties we are experiencing round the world are caused by our presence in Iraq but undoubtedly our presence in Iraq exacerbates them."
Britain should get "out sometime soon because our presence exacerbates the security problems," he told the newspaper.
Second, what’s he really saying here? Is he discussing Britain’s popularity around the world or the current climate of unrest in Iraq? Sounds like the former, but regardless, is that really true? Will things around the world get better if foreign troops leave Iraq? The Iraqis don’t think so, and I don’t think Muslims around the world will all of a sudden be at peace as soon as we leave Iraq. They flew planes into the WTC long before we were in Iraq. They bombed the USS Cole long before Iraq. They bombed 2 American embassies in Africa long before Iraq. And here’s a host of others’ opinions on the necessity of the Brits (and our) presence in Iraq.
Gen Dannatt said there was not "a piece of paper, however thin" between him and the government.
The general refused to back down on the substance of his remarks and to some degree compounded them. "I am not a maverick in this sense. I am soldier speaking up for his army. I am just saying come on, we can't be here forever at this level," he told Radio 4's Today programme.
"I have got an army to look after which is going to be successful in current operations, but I want an army in five years time and 10 years time. Don't let's break it on this one."
In another interview, with Sky News, Gen Dannatt said: "The army is exceptionally busy so I want to see this mission successfully concluded, but I also want to make sure I've got an army that's not so exhausted that it's still there and can do the job in five years' time, in 10 years' time ..."
And again the paper tries to take his comments and infer ulterior meanings from them, but all he’s doing is looking out for his troops, and acknowledging commonly held beliefs that we’re not going to be in Iraq forever, but while we’re there, we’re there to win.
These are hardly that inflammatory.
We’re there. We’re needed. And we’ll be there for several years, but not at the same troop levels we have now. Use your heads people. The Iraqi army and police force are growing and quickly become more and more capable. We’ll get there…. It’s just a matter of when.