BUT THEY WON'T CONDEMN JIHADO-TERRORISM.
- REGULAR READERS KNOW WE DO THIS ALL THE TIME.
- SPREAD THE WORD. BLOGROLL US.
"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."
Chavez nationalizes Argentine foundry, Venezuela’s largestIF THIS KIND OF THING WORKED OUT WELL, THEN THE USSR WOULD STILL BE AROUND, AND ZIMBABWE WOULD BE EXPORTING FOOD.
President Hugo Chavez ordered the expropriation of Venezuela's largest steel maker after attempts by the government to acquire a majority stake in the Italian-Argentine conglomerate Techint failed.
Sidor, has been "recuperated by the revolutionary government" said Chavez
Siderurgica del Orinoco, Sidor, has been “recuperated by the revolutionary government” said Chavez during a political rally.
Chavez ordered Sidor nationalized earlier this month, siding with workers who sought improved salaries and benefits. Venezuelan officials had been talking with Ternium representatives (controlled by Techint) to negotiate a price for its 60% share in the company, but the two sides were unable to reach an agreement.
However, the Venezuelan president refused point blank to accept the price tag of 4 billion US dollars claimed by Ternium, calling the amount excessive adding the government had estimated the steel foundry’s total value at about 800 million.
Sidor, a former state company, was privatized in 1998, but the government has retained a 20%, while current and former employees hold the remainder.
The company produces about 85% of the 5 million metric tons of steel Venezuela turns out annually, according to the Belgium-based International Iron and Steel Institute.
Buffett Says Worst of Crisis Over for Wall Street, Individuals May Suffer...THE DEMS AND THE MSM ARE GONNA HAVE TO FIND ANOTHER ISSUE.
JOBLESS RATE FALLS...
Futures Traders Bet on Dollar's Advance For First Time in Three Years...
Euro shows signs of end to bull run...
Bush says economy going to 'come on'...
HAGATNA, Guam: Democrat Barack Obama beat Hillary Clinton in the nominating contest on the Pacific island of Guam by just seven votes, election officials said on Sunday.GUAMAMIANS ARE MOSTLY OBAMAMIANS, I GUESS...
With only four votes at the Democratic convention at stake, the contest on Guam, a tiny U.S. territory more than 20 hours by plane from Washington, will barely register in the protracted duel for the party's presidential ticket.
"Clearly, both of them are quite popular and we should celebrate that," Josh Tenorio, Obama's campaign manager in Guam, told Reuters.
"Why are we putting food in our gas tanks instead of our stomachs?" asked Richard Reinwald, owner of Reinwald's Bakery in Huntington, N.Y., and an active member of the Retail Bakers Association...
...Joseph Glauber, the chief economist at the Department of Agriculture, said ethanol production has led to higher prices for corn and soybeans... [and]...George Braley, the vice president of America's Second Harvest, said food banks nationwide are having trouble stocking their shelves...
What does the president do? He takes out the old saw of ANWR. ANWR wouldn't produce a drop of oil in ten years...
"We believe there ought to be a gas-tax holiday, but Big Oil ought to pay for it," said Sen. Charles Schumer, D-N.Y.
All that said, the real problem — and the reason Pelosi really does deserve blame — is that Democrats’ political goal of reducing carbon emissions continues to trump their populist rhetoric on gasoline prices. The two stances are impossible to reconcile. Try as they might to blame oil companies for the pain Americans feel at the pump, the Democrats want higher prices for gasoline — and for all forms of energy that emit carbon. Economic barriers against CO2 emissions are a requirement for environmental progress in the Democrats’ view, and this is the entire purpose of the carbon cap-and-trade system they will put before the House this summer — to create economic disincentives for emitting CO2.
Rowan Williams, the Archbishop of Canterbury, caused a furore recently when he said some aspects of Sharia law were ‘unavoidable’ in the UK.TRAVEL MOLE:
Only time will tell whether that is the case, but what is happening quietly in the bowels of the City of London is the rise of Sharia - or Islamic – finance.
It is not that the moneymen have had a religious conversion. Rather, there is the realisation that there is profit to be made from in the Middle East and south-east Asia from massive infrastructure projects fuelled by oil-driven financial liquidity.
...The last few years have seen an explosion in Islamic finance in the UK. In 2004 the Organisation for Economic Cooperation and Development saw the establishment of the Islamic Bank of Britain, the first wholly Islamic retail bank. This was followed in 2006 by the European Islamic Investment Bank.
Both HSBC and Lloyds TSB have expanded their Islamic finance in the UK.
Even CIMA recently launched a Certificate in Islamic Finance. It offers ‘comprehensive skills’ in areas including Sharia compliance and ‘the complexities of the contracts that underpin this compliance’.
CIMA’s John Willsdon, who runs the course, said: ‘Islamic finance has caught the imagination of a great many people across the world. There is no doubt that the oil wealth amassed in the Middle East and South East Asia has given a tremendous impetus to this relatively new niche in the market.’
Since the launch in December last year, more than 50 students from 13 countries have studied for the certificate.
The Islamic hospitality market, or Sharia-compliant hotels, is pegged to be one of the fastest growing hospitality segments, according to Jonathan Worsley conference co-organiser, Arabian Hotel Investment Conference (AHIC).DATAMONITOR: Principle Insurance: a newly FSA authorized Sharia compliant insurer
He said that Dubai-based hospitality group Almulla Hospitality, has recently launched its Sharia-compliant hotel portfolio, comprising three brand tiers.
The group has also cited plans to target development in Saudi Arabia, UAE, Jordan, Egypt and Malaysia in the first instance, with Thailand and Europe following closely behind.
“Almulla joins other UAE-based players including Shaza Hotels from Kempinski and Tamani Hotels & Suites from KM Group among others,” he said.
Rotana too has tickled the sector recently launching Rayhaan Hotels & Resorts with an offer-specific ‘no-alcohol’ label.
Almulla Hospitality’s chairman, Abdulla Almulla, said that the demand for Sharia-compliant accommodation is on the increase and represents 10 per cent of the world tourism market.
The FSA has authorized the UK's first independent takaful insurer, Principle Insurance.
Principle Insurance has become the UK's first Sharia compliant independent insurance company to be formally authorized by the FSA. The insurer will operate in accordance with Islamic laws, through which it will target the UK's estimated two million Muslims in the home and motor markets. In this way, the company is demonstrating a different approach to segmenting the insurance markets.
The FSA has given formal authorization for Principle Insurance to operate as an insurance company in the UK. The company will trade in compliance with Sharia Islamic laws in regards to financial services, which prevent accruing interest and some forms of investment. As such, Principle Insurance will operate along the lines of typical cooperative mutual insurers already present in the market.
While the insurer is not the first in the UK market with a Sharia compliant offering - HSBC already markets takaful insurance products - it is the first independent company set up to be fully compliant with Islamic law in the UK.
Commenting on the news that the Stuart Wheeler has won permission to launch a High Court challenge over the Government's refusal to hold a referendum on the EU Reform Treaty, Shadow Foreign Secretary William Hague, said:Rt Hon William Hague MP
"The Government must now put the bill bringing the renamed EU Constitution into force on hold. It was already plain that this deeply unpopular Government had no moral right to impose this Treaty on Britain without any democratic mandate. Now the courts are looking at the legality of denying a referendum. Under these circumstances it would be shockingly arrogant for ministers to carry on as normal.
"After today Gordon Brown may well be scared of what the voters have to say but he cannot wriggle out of his solemn election promise of a referendum. Getting that promise honoured would be a great day for democracy."
"Last night Ryan Sorba, an "anti-homosexual activist" spoke at Smith College. Sorba, the author of the upcoming book, "The Born Gay Hoax," (yes, seriously) can been seen in action here. The awesome feminists of Smith forced Sorba out after a mere twenty minutes of speaking, when he was drowned out by protesters.
Millionaire Stuart Wheeler has won his battle to force a High Court review into whether the government should hold a referendum on the EU's Lisbon treaty.TELEGRAPH:
Prime Minister Gordon Brown has ruled out a public vote on the treaty, saying it does not alter the UK constitution.
But Mr Wheeler said a vote was promised on the EU constitution and says the Lisbon treaty is virtually identical.
The hearing will be on 9 and 10 June. The Foreign Office said they were "confident" of their case.
In March MPs voted by 346 votes to 206 to approve the EU (Amendment) Bill, after topic-by-topic debates over six weeks.
The Bill - which is now in the Lords - will ratify the Lisbon Treaty, which was drawn up to replace the EU constitution after that was rejected by French and Dutch voters in 2005.
Mr Wheeler, 73, a Conservative Party donor, said his legal challenge was "not trying to interfere with Parliament".
He claims voters had a "legitimate expectation" that a referendum would be held after one was promised in Labour's last election manifesto on the EU constitution.
His lawyer, Rabinder Singh QC, said the application for judicial review was based on "the underlying fundamental principles of good administration, fair play and straight dealing with the public".
Today judges ruled that the challenge can go ahead. The likely two-day court hearing could prove to be very embarrassing for ministers if internal Government memos and emails are revealed.THE TRIAL IS SCHEDULED FOR JUST BEFORE THE IRISH REFERENDUM ON JUNE 12 (TENTATIVELY)...
The legal challenge could also delay the ratification of the controversial treaty by months if court time is not granted shortly. Peers in the House of Lords are due to vote on the legislation later this month.
Mr Wheeler , who made his fortune from City spreadbetting firm IG Index, said: “I am absolutely delighted that we won the case.
“It’s clear to me that we have a very, very strong moral case for a referendum.
“And what this hearing was about was whether we had an arguable legal case.
“But, from what I’ve seen of the judgment, not only do we have an arguable but a rather strongly arguable case.”
Prime Minister Ehud Olmert was questioned under caution by police on Friday in connection to a new corruption affair, after which a senior legal source was quoted on Channel 1 as saying, "Olmert is in a grave situation, it is doubtful whether he will be able to continue to hold his position."
The subject of Friday's investigation was different from other corruption affairs in which Olmert has been suspected of involvement - relating to real estate deals and questionable political appointments - but over which he has never been charged.
The questioning, which took place at Olmert's official residence in Jerusalem, prompted a number of Knesset members to call on him to suspend himself pending the investigations.
Police began questioning the prime minister at 10 A.M., and continued for about an hour and a half.
MK Shelly Yachimovich, a member of Olmert's ruling coalition from the Labor Party, on Thursday called the scope of charges against Olmert unprecedented and said he should suspend himself immediately.
"It has been proven beyond any doubt that the prime minister can't be under serial investigations and also suspected of crimes and also lead the country," she told Israel Radio.
Police would not disclose any further information on the case, citing a court-imposed gag order.
"I got to witness UCI Law School Dean Erwin Chemerinsky publicly address for the first time the clash between Muslim and Jewish students. This is significant not only because Chemerinsky has immediately become one of Orange County's highest-profile academics but because the issue affects him so personally: He is a Jew, and he is moving his family to on-campus faculty housing. Over the last few years, UCI has acquired a reputation in some circles as a place where Jews feel unwelcome because of the hate-filled speech of some speakers brought in by Muslim students.
The moment rumors started circulating last summer about Chemerinsky's possible appointment as dean, he started getting e-mails asking if he knew about Jewish complaints against UCI. "In March," he said, "I spoke at a program for Jewish leaders in Los Angeles, and though my talk was on the new UCI law school, most of the questions were about these complaints against UCI. Soon after, I received literally dozens of messages concerning a self-appointed outside group's conclusion that Jews should not attend UCI."
Chemerinsky looked into it. He concluded "there have been speakers on campus who have said offensive, sometimes highly offensive things against Israel and against Jews. But I also learned that there has not been violence, or threats of violence, or incidents of harassment, or arrests, or even the need for disciplinary proceedings for inappropriate conduct by students."
He noted that the U.S. Office of Civil Rights concluded there was not a hostile environment for Jews on campus and that the leaders of five on-campus Jewish-student groups have issued a joint statement saying the same thing.
Acknowledging he's still an outsider (he doesn't move to O.C. until next month to prepare for the first class in 2009), he said UCI has so far done the right thing. "My strong sense is that the university has properly allowed - and must continue to allow - speech that is distasteful, offensive, and even extremist. Unfortunately its critics, including some in the Jewish community, sometimes fail to realize that allowing such speech on the campus of a public university is required by the First Amendment."
However, he said, "UCI must continue to condemn hate speech in all its forms and be sure that no one ever is harassed, or made to feel unwelcome based on religion or ethnicity or race or gender or sexual orientation or any other characteristic."
"Africans have a different meter, and Africans have a different tonality," he said. Europeans have seven tones, Africans have five. White people clap differently than black people. "Africans and African-Americans are right-brained, subject-oriented in their learning style, ....They have a different way of learning."
At the NAACP meeting, Wright proudly propounded the racist contention that blacks have inherently different "learning styles," correctly citing as authority for this view Janice Hale of Wayne State University. Pursuing a Ph.D. by logging long hours in the dusty stacks of a library, Wright announced, is "white." Blacks, by contrast, cannot sit still in class or learn from quiet study, and they have difficulty learning from "objects"-books, for example-but instead learn from "subjects," such as rap lyrics on the radio. These differences are neurological, according to Hale and Wright: whites use what Wright referred to as the "left-wing, logical, and analytical" side of their brains, whereas blacks use their "right brain," which is "creative and intuitive."
Michael Moore appeared on CNN's "Larry King Live" last evening. I caught a good portion of the "interview" (if King's constant agreement and sucking up qualify as an interview) and one little segment in particular got my attention. The subject was taxes:
MOORE: You were asking me a serious question. I'm sorry. Actually, you know what I would do is I would get -- I would try to lower Americans' taxes to the rate that the French pay. The French pay less taxes than we do, less.
... MOORE: That's right, most of Europe pays less than we do. That's not the way we're told in this country. We're told, oh, they pay all these horrible taxes; 40 percent of their income goes to income taxes. Actually, the French federal income tax is around 10 percent. That 10 percent covers everything, the road, the cops, the military.
What they do is they have these other taxes. Here's your tax for your health care. Here's your tax for education. Here's your tax -- it's listed on your payroll stub, where it pays for these things.
THIS IS A FREAKIN' LIE - LIIKE MOST OF THE CRAP THAT COMES OUT OF THIS SELF-AVOWED SOCIALIST'S BIG FAT LEFT-WING MOUTH:
The Organization for Economic Cooperation and Development (OECD) calculates that the "combined effects of personal income tax, employee and employer social security contributions, payroll taxes and cash benefits" facing the French are quite larger than that facing Americans. For a single French individual the combined total is 50.1%, while for a married couple it's 41.7%. For the same in the U.S. it's 29.1% and 11.9% respectively. (See also this chart.)MOORE IS A LYING SACK OF LEFT-WING CRAP. RTWT.
BOTTOM-LINE: SOCIALISM IS THE ROAD TO SERFDOM.
IMHO: A CORRECTION WILL OCCUR IN WEEKS, NOT MONTHS...
We’ve compared the spike in oil and other commodities like gold with the decline in the dollar since the fall of last year, and, up until recently, there was an outstanding correlation — going long oil, gold or other commodities was pretty clearly an effective way to short the dollar in an almost risk free environment. Something has changed, however, in recent days.
Since early April, gold and oil have moved in opposite directions. Gold’s price, in our view, has retreated as the market has judged, correctly, that the dollar’s decline is nearing an end for multiple sound reasons (a halt to interest rate cuts, global slow growth or recession, etc.). Meanwhile, oil’s price has become completely untethered from reality in an insane speculative frenzy, even versus other commodities (which have had their own bull markets).It’s over, or at least coming to an end, in our opinion.
A new poll suggests that George W. Bush is the most unpopular president in modern American history.THE NUMBERS ARE RIGHT BUT THE ANALYSIS IS ALL WRONG WRONG WRONG.
A CNN/Opinion Research Corporation survey released Thursday indicates that 71 percent of the American public disapprove of how Bush his handling his job as president.
"No president has ever had a higher disapproval rating in any CNN or Gallup poll; in fact, this is the first time that any president's disapproval rating has cracked the 70 percent mark," said CNN Polling Director Keating Holland.
"Bush's approval rating, which stands at 28 percent in our new poll, remains better than the all-time lows set by Harry Truman and Richard Nixon (22 percent and 24 percent, respectively) but even those two presidents never got a disapproval rating in the 70s," Holland added. "The previous all-time record in CNN or Gallup polling was set by Truman, 66 percent disapproval in January 1952."
CNN Senior Political Analyst Bill Schneider adds, "He is more unpopular than Richard Nixon was just before he resigned from the presidency in August 1974." President Nixon's disapproval rating in August 1974 stood at 67 percent.
The poll also indicates that support for the war in Iraq has never been lower. Thirty percent of those questioned favored the war while 68 percent opposed the conflict.
"Americans are growing more pessimistic about the war," Holland said. "In January, nearly half believed that things were going well for the U.S. in Iraq; now that figure has dropped to 39 percent."
The numbers on the Iraq war come on the five-year anniversary of President Bush's "mission accomplished" moment onboard the aircraft carrier USS Abraham Lincoln, when Bush proclaimed that "major combat operations in Iraq have ended."
(IsraelNN.com) Israel’s Air Force launched an air strike Thursday morning killing a Hamas terrorist involved in the kidnapping of IDF Cpl. Gilad Shalit.Now, the filthy terrorist can go to hell and face the highest court.
The air strike, which was based on information from the Shabak (General Security Service) was carried out in Rafiah, along Gaza’s southern border with Sinai, as the terrorist, Nafez Mantzour, was driving with two other Hamas terrorists.
The first missile missed the vehicle, according to Hamas reports, and one of Matzour’s accomplices escaped before the second struck. Mantzour was killed and one of his accomplices was wounded.
"Colorado College has denied student Chris Robinson's appeal of its finding that he and another student violated the school's "violence" policy for posting a flyer that parodied a flyer of the Feminist and Gender Studies program. The school also has decided not to remove any letters about the case from the students' files until after graduation. The Foundation for Individual Rights in Education (FIRE) is assisting Robinson in his case against the school.
"First, Colorado College trampled over Chris Robinson's right to engage in an obvious parody, and now the school has further embarrassed itself by denying his appeal," FIRE President Greg Lukianoff said. "The judicial procedure was a joke: the same administrator who found Robinson guilty in the first place was the final judge of his appeal. FIRE calls on Colorado College to remove this guilty finding once and for all from the students' records. As long as they are deemed guilty for engaging in satire, the school's extensive promises of free expression are brazen misrepresentations."
In early 2008, Colorado College's "Feminist and Gender Studies Interns" distributed a flyer called "The Monthly Rag," which included a reference to "male castration," an announcement about a lecture on "feminist porn," and an explanation of "packing" (pretending to have a phallus). As a parody of "The Monthly Rag," Robinson and a second student, who wishes to remain anonymous, distributed a flyer in February called "The Monthly Bag" under the pseudonym "The Coalition of Some Dudes." The flyer included references to "tough guy wisdom," "chainsaw etiquette," the shooting range of a sniper rifle, and a quotation about "female violence and abuse" of men from the website batteredmen.com.
After the "Dudes" faced penalties including expulsion for three weeks, Vice President for Student Life/Dean of Students Mike Edmonds finally wrote to the "Coalition of Some Dudes" students on March 25, stating that they had been found guilty of "violating the student code of conduct policy on violence." The punishments included having the finding of guilt placed in their student files and being required to hold a forum to "discuss issues and questions raised" by their parody. Although Edmonds acknowledged that the intent of the publication was to satirize "The Monthly Rag," he wrote that "in the climate in which we find ourselves today, violence-or implied violence-of any kind cannot be tolerated on a college campus." According to Edmonds, "the juxtaposition of weaponry and sexuality" in an anonymous parody made students subjectively feel threatened by chainsaws or rifles.
"Colorado College should declare the students innocent immediately," Kissel said. "FIRE will continue to pursue this case until these students' records are completely cleared of any alleged wrongdoing. President Celeste still has a chance to do justice in this case."
A second American aircraft carrier steamed into the Persian Gulf on Tuesday as the Pentagon ordered military commanders to develop new options for attacking Iran. CBS News national security correspondent David Martin reports that the planning is being driven by what one officer called the "increasingly hostile role" Iran is playing in Iraq - smuggling weapons into Iraq for use against American troops.
"What the Iranians are doing is killing American servicemen and -women inside Iraq," said Secretary of Defense Robert Gates.
U.S. officials are also concerned by Iranian harassment of U.S. ships in the Persian Gulf as well as Iran's still growing nuclear program. New pictures of Iran's uranium enrichment plant show the country's defense minister in the background, as if deliberately mocking a recent finding by U.S. intelligence that Iran had ceased work on a nuclear weapon.
No attacks are imminent and the last thing the Pentagon wants is another war, but Chairman of the Joint Chiefs of Staff Mike Mullen has warned Iran not to assume the U.S. military can't strike.
"I have reserve capability, in particular our Navy and our Air Force so it would be a mistake to think that we are out of combat capability," Mullen said.
Targets would include everything from the plants where weapons are made to the headquarters of the organization known as the Quds Force which directs operations in Iraq.
Samia El Alaoui Talibi walks her beat in a cream-colored head scarf and an ink-black robe with sunset-orange piping, an outfit she picked up at a yard sale.HAH!
After passing a bulletproof window, El Alaoui Talibi trudges through half a dozen heavy, locked doors to reach the Muslim faithful to whom she ministers in the women's cellblock of the
Lille-Sequedin Detention Center in far northern France.
It took her years to earn this access, said El Alaoui Talibi, one of only four Muslim holy women allowed to work in French prisons. "Everyone has the same prejudices and negative image of Muslims and Islam," said Moroccan-born El Alaoui Talibi, 47, the mother of seven children. "When some guards see you, they see an Arab; they see you the same as if you were a prisoner."
This prison is majority Muslim -- as is virtually every house of incarceration in France. About 60 to 70 percent of all inmates in the country's prison system are Muslim, according to Muslim leaders, sociologists and researchers, though Muslims make up only about 12 percent of the country's population.
On a continent where immigrants and the children of immigrants are disproportionately represented in almost every prison system, the French figures are the most marked, according to researchers, criminologists and Muslim leaders.
"The high percentage of Muslims in prisons is a direct consequence of the failure of the integration of minorities in France," said Moussa Khedimellah, a sociologist who has spent several years conducting research on Muslims in the French penal system.
In Britain, 11 percent of prisoners are Muslim in contrast to about 3 percent of all inhabitants, according to the Justice Ministry.
Research by the Open Society Institute, an advocacy organization, shows that in the Netherlands 20 percent of adult prisoners and 26 percent of all juvenile offenders are Muslim; the country is about 5.5 percent Muslim.
In Belgium, Muslims from Morocco and Turkey make up at least 16 percent of the prison population, compared with 2 percent of the general populace, the research found.
Sociologists and Muslim leaders say the French prison system reflects the deep social and ethnic divides roiling France and its European neighbors as immigrants and a new generation of their children alter the demographic and cultural landscape of the continent.
French prison officials blame the high numbers on the poverty of people who have moved here from North African and other Islamic countries in recent decades. "Many immigrants arrive in France in difficult financial situations, which make delinquency more frequent," said Jeanne Sautière, director of integration and religious groups for the French prison system. "The most important thing is to say there is no correlation between Islam and delinquency."
UK: Random Muslim stabs two random Orthodox Jews; no "faith hate" involved
Nothing to see here. Go back to sleep.
"Man charged over Golders Green stabbings," by Kevin Bradford for the Hendon Times (thanks to Jerusalem Post):A man has been charged following a double knife attack on two Orthodox Jews in Golders Green.
Mohamed Jama Ahmed, 37, of North Circular Road, Cricklewood, was arrested after two stabbings which happened just meters apart in roads off Golders Green Road on Friday.
A Metropolitan Police spokeswoman said the attacks, which happened at around 6pm, appear to have been random and unprovoked, but were not being treated as faith hate crimes....
Good. Wouldn't want to give the appearance of "Islamophobia."
IF THE EUROPEAN GOVERNMENTS WON'T ACT, THEN ONE DAY... THE PEOPLE WILL, AND IT AIN'T GONNA BE PRETTY...
The American economy remained stuck in the slow lane over the first three months of the year, expanding by a modest 0.6 percent annualized rate, the Commerce Department announced Wednesday morning.CONSUMER SPENDING GREW. EXPORTS GREW. THE ECONOMY GREW. UNEMPLOYMENT REMAINS LOW. THERE IS NO RECESSION.
The weak performance reflected the increasingly thrifty inclinations of American consumers in the face of plummeting real estate prices, tightening credit and a deteriorating job market. Economic growth was also hampered by a continued pullback in construction and business investment.
The only factors preventing the economy from sliding backward were the growth of American exports — aided by a weakening dollar — and a buildup of inventories by businesses. Exports and inventories set aside, final sales of American goods and services domestically dipped at a 0.4 percent annualized rate in inflation-adjusted terms, the first decline since the end of 1991.
Consumer spending grew at an anemic 1 percent annualized rate, down from 2.9 percent in 2007 and 3.1 percent the year before.
... the numbers of immigrants who said they were considering going back to live in their home countries increased notably.THEN THERE'S THIS:
Among immigrants who have been here less than five years, 49 percent said they were thinking of returning home, while only 41 percent said they planned to remain in the United States.
Over all, just under one-third of the immigrants said they were thinking of leaving this country. In 2001, the last time a similar survey asked a comparable question, about 20 percent of all the immigrants interviewed said they were thinking of going home.
More than three million Latin American immigrants in the United States, responding to the economic downturn and new uncertainties about their future, have stopped sending money home to their families in the last two years, according to a survey released on Wednesday by the Inter-American Development Bank in Washington.
Only 50 percent of some 18.9 million Latino immigrants in this country now send money regularly to relatives in their home countries, compared with 73 percent two years ago, the survey found.
Parts of North America and Europe may cool naturally over the next decade, as shifting ocean currents temporarily blunt the global-warming effect caused by mankind, Germany's Leibniz Institute of Marine Sciences said.Right.
Average temperatures in areas such as California and France may drop over the next 10 years, influenced by colder flows in the North Atlantic, said a report today by the institution based in Kiel, Germany. Temperatures worldwide may stabilize in the period.
The study was based on sea-surface temperatures of currents that move heat around the world, and vary from decade to decade. This regional cooling effect may temporarily neutralize the long- term warming phenomenon caused by heat-trapping greenhouse gases building up around the earth, said Richard Wood, a research scientist at the Met Office Hadley Centre, a U.K. provider of environmental and weather-related services.
The Leibniz study, co-written by Noel Keenlyside, a research scientist at the institute, will be published in the May 1 issue of the journal Nature. ``If we don't experience warming over the next 10 years, it doesn't mean that greenhouse-gas warming is not with us,'' Keenlyside said in an interview.
Wednesday, November 10, 2004
OBAMAGATE?Is rising-star Barack Obama ALREADY only a shooting star?Obama may already be involved in a brewing legal scandal that may involve a breech of contract. According to famed gossip columnist CINDY ADAMS of the NY POST, Obama recently and abruptly reneged on a new contract from his longtime literary agent, and then bolted to BJ Clinton's agent - courtesy of Lewinsky job advisor Vernon Jordan.Do you think this scandal is too small a matter to be called OBAMAGATE?
Maybe; maybe NOT. Remember: book scandals helped bring down two Speakers of the House: Wright and Gingrich.
If Obama cannot be trusted to honor a contract with a longtime agent, should we trust him when he takes the oath of office?Perhaps NOT.
YUP: the first chance he had - Obama walked away from his friendship, AND HIS SIGNED CONTRACT and DUMPED this agent, virtually TOSSING HER UNDER THE BUS, as soon as Bill Clinton introduced him to a bigger agent (right after his breakout 2004 Kerry Convention speech).
EXACTLY WHAT KIND OF MAN IS BARACK HUSSEIN OBAMA, JR?
Barack Hussein Obama Jr. - the junior, 1st-term Senator from Illinois is a dishonorable and untrustworthy man. Here's why:After graduating from Harvard Law, the then utterly unknown Obama was contacted by a bright aggressive NYC literary agent who thought - because of Obama's mixed heritage and modest background - BHO Jr might have an interesting story to tell. They signed a contract. After much work, the agent sold Obama Jr's book. It was Obama Jr's first.Personal behavior like this reveals lot; it reveals that in Barack Hussein Obama Jr's world, trust and honor mean NOTHING.
After Obama Jr's pretty and pretty well-received convention speech in 2004 - (and before he was elected to the Senate) - he broke this contract with this agent, (the one who picked him up out of nowhere and got him his first book deal), in order to sign with a bigger agent, (to whom he was introduced by perjurer Bill Clinton).
Instead of being loyal to the agent who helped put him on the map, he dumped her the first chance he got, and jumped on to the roster of a bigger bigshot - who didn't have to break a sweat in order to sell Obama Jr's SECOND book! (Barack Hussein Obama Jr. eventually agreed to a settlement for breaking his contract with his first agent.)
April 25, 2008: President Bush (addressing the media about Abbas, who is sitting next to him at the White House): "The president is a man of peace.... He's a man of vision. He rejects the idea of using violence to achieve objectives, which distinguishes him from other people in the region."The other quotes reveal Abbas as a lifelong and passionately committed man of violence and terrorism.
"Manchester United's submission to the Football Association is expected to include the claim that Patrice Evra was allegedly called "an immigrant" during the melee with Chelsea groundstaff at Stamford Bridge, The Times understands.
Chelsea and their employees have strenuously denied that any such remark was made and Evra sought at the weekend to distance himself from suggestions that he was racially abused.
... the United States is the third-largest oil producer, behind Saudi Arabia and Russia. We could be producing more, but Congress has put large areas of potential supply off-limits. These include the Atlantic and Pacific coasts and parts of Alaska and the Gulf of Mexico. By government estimates, these areas may contain 25-30 billion barrels of oil (against about 30 billion of proven U.S. reserves today) and 80 trillion cubic feet or more of natural gas (compared with about 200 tcf of proven reserves).BOTTOM-LINE: What keeps these areas closed are Democrats.
What keeps these areas closed are exaggerated environmental fears, strong prejudice against oil companies and sheer stupidity.
Supply-Side Stunner: April US Receipts on Track for Record
Those of us, including myself, who thought that the supply-side boom in federal receipts had totally played out, as well as those who are concerned about the condition of the economy, have received a surprising bit of good news this month.
Old Media, which doesn't seem interested in looking for, let alone finding, good news, is not reporting a very interesting development. With two business days remaining in April, Uncle Sam's Daily Treasury Statement shows that federal receipts from income and employment taxes, before refunds, are actually ahead of all of April 2007:
BOTTOM-LINE: THE OVERALL ECONOMY IS NOT AS BAD AS THE DEMOCRATS AND THEIR ALLIES IN THE MSM WANT YOU TO BELIEVE.