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.
Ding Dong! The witch is dead! Which old witch? The Rosie witch!
Donald Trump insists she was fired, but everyone involed in the dealing say she quit.
Rosie O’Donnell, who raised both the profile and the ratings of “The View” this season by commandeering it as a bully pulpit for her opinions on the Iraq war, Donald Trump, Oprah Winfrey and even her own cast mates, will leave the show in June after failing to reach a contract extension, she announced on the program yesterday morning.
“I have decided that we couldn’t come to terms with my deal with ABC, so next year I’m not going to be on ‘The View,’ ” Ms. O’Donnell said on the show just after it began broadcasting live at 11 a.m. She said, however, that she expected to return to the program as a guest host occasionally next year, including to preside over one-hour special episodes like those this year about autism and depression.
Ms. O’Donnell, whose contract with the program was only for this season, said that ABC had wanted her to sign a three-year extension, while she had wanted to commit only to a year. An ABC executive who was directly apprised of the negotiations but who was not authorized to discuss them confirmed Ms. O’Donnell’s account, but said that there had also been wide differences between the salary she was seeking and what the network was willing to pay.
Honestly, ABC should have fired her for using their camera as her own personal propaganda pulpit. Don Imus gets fired for saying the Rutgers women's basketball team looked like nappy headed whatevers, but Rosie can say 9/11 was a fake, the Iranians are the victims, we should impeach the president, that there is basically no good and evil, and the Brits staged the Iranian hostage situation so we could go to war and blow some shit up so we can get gas cheaper.
Oops! Looks like Rosie was wrong on that last one. Makes you wonder what other lies she's knowingly spreading.
But it doesn't matter. Good riddance Rosie. We won't miss you.
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?
