It was a solemn pledge, repeated by Democratic leaders and candidates over and over: If elected to the majority in Congress, Democrats would implement all of the recommendations of the bipartisan commission that examined the attacks of Sept. 11, 2001.
But with control of Congress now secured, …
Oh those Democrats, always lying about everything… Should have known better…
And WHO is saying that the Democrats are going to break this “solemn pledge?” “Rep. C.W. Bill Young (R-Fla.)” and “aides on the House and Senate appropriations, armed services and intelligence committees.” It doesn’t even say which party they are in. (Later in the story they refer to “Democratic aides” but not here.) And it certainly doesn’t say how they would know anything since things like this aren’t decided yet.
In fact, I have it on good authoritah from two people who are definitely in positions to know what the House and Senate plan to do, that the story simply is not true and they will be introducing legislation in each house to “fully implement” the 0/11 Commission recommendations.
U.S. officials say they have found smoking-gun evidence of Iranian support for terrorists in Iraq: brand-new weapons fresh from Iranian factories.
… This suggests, say the sources, that the material is going directly from Iranian factories to Shia militias, rather than taking a roundabout path through the black market.
One problem with this, the Shiites (referred to here as “terrorists”) are the people we invaded Iraq to put in power.
The dollar tumbled to a fresh 20-month low against the euro Tuesday after a government report showed demand for U.S.-made durable goods declined much more than forecast last month.
But the U.S. currency edged slightly higher versus the yen after data showed an unexpected increase in sales of existing U.S. homes in October and a solid reading from the Richmond Fed’s manufacturing index.
Analysts say sentiment toward the dollar remains negative.
Nationwide existing home sales rebounded last month but the median sales price took its biggest year-over-year decline in nearly four decades, according to real estate figures released today.
\… The modest rebound in sales may indicate that the nationwide housing slow down might be bottoming out — but any noticeable relief for sellers probably won’t come until next year, according to some housing observers.
… But other economists say a turnaround is still far away, with many signs pointing to a buyer’s market for some time to come. For example, the inventory of unsold homes, increased 1.9% in October to 3.85 million existing homes.
I submitted an op-ed to a major newspaper, advocating restoring the Fairness Doctrine. The editor wrote back saying he was rejecting it because he can’t think of any examples of bias or unanswered attacks on broadcast media. Heh. I’ll submit it to a different paper – maybe one with an editor that owns a radio.
There is this idea that a “centrist” position is a good thing, that we should take policy positions that are something in between the “extremes.” This is “moderation.” The thinking is something like, if the left is mad at you, and the right is mad at you, you must be doing something right.
OK. So then doesn’t it make sense for progressives to sponsor lots of far-far-far-out extremists? These extremists could call for things like actually eating the rich (maybe have recipe blogs), literally dividing up companies by having the police go in and take the desks and chairs and computers and hand them to the homeless, forcing Baptist ministers to have sex with their infant daughters, imposing the death penalty for driving, requiring LSD use in elementary schools — all the things the conservatives already say liberals do… And maybe we could buy a TV network to put them on the air in front of the whole country like the Republicans did.
This way the “moderate center” becomes somewhere between eating the rich and whatever the right is advocating? Clearly that is why the Republicans sponsor Ann Coulter to write things about killing journalists, etc. Maybe we should try it.
But seriously, when are we all going to grow up, anyway? It’s time to start actually thinking again.
One of the enduring oddities of the international economy is the willingness of foreign investors — both private, official, and quasi-state — to hold dollar assets despite the very low returns on such assets, even when comparing in common currency terms. It is this anomaly that Krugman disucusses in an academic paper asessening the possibility of a dollar crisis.
Concerns about a dollar crisis can be divided into two questions: Will there be a plunge in the dollar? Will this plunge have nasty macroeconomic consequences?
The message appears to be that the dollar’s value is out-of-whack–too high–because nobody expects it to decline by a lot in the near future, and that expectation means that demand for dollar-denominated securities is high because U.S. interest rates are higher than interest rates in Japan and Europe. One again, it looks like there may well be lots of money left on the table.
In other words, we can avoid a recession even as we move to fiscal restraint if we allow currencies to float.
When the dollar falls, it means that everything from other countries costs much more. This supposedly is great for American manufacturers because our goods will cost much less to others, and we can start exporting (and hiring) again. Possibly even heading off a recesion. But my question is, how much has our manufacturing infrastructure eroded? CAN WE start manufacturing for domestic and export to pick up the opportunity of a plunging dollar?
Growing pessimism over the dollar facilitated a sell-off Friday that plunged the greenback to a 19-month low versus the euro and a nearly two-year low against the U.K. pound.
[. . .] There is also mounting concerns that central banks around the globe might begin to aggressively diversify their foreign reserves into euros and away from dollars, the long-standing reserve currency of choice.
On Friday, China warned other countries that holding excessive dollar reserves may not be a good idea.
Wu Xiaoling, a senior People’s Bank of China official, said Friday that continued weakness in the U.S. dollar poses a risk for East Asia’s foreign-exchange reserves, Market News International reported.
Australian filmmaker John Safran is so fed up with mormons ringing his doorbell early in the morning that he flies to Salt Lake City Utah and tries to convert Mormons to atheism. Needless to say, the locals were not pleased.
“Blessed is the man who goes around banging on epople’s doors at all hours of the morning for he truly is Jesus’s little friend.”
It is Buy Nothing Day. Switch off from shopping for a day or two. Stop and think about all the ways your own lifestyle are harmful. hink about all the ways you use energy. Think about all the things you throw away, including plastic and paper wrappers.
This is not just silly stuff, it is important. It is time to realize the part we all play in this out-of-control economic system that is literally consuming the planet out from under us. Global warming is real. Deforestation is real. Depletion of the seas is real. There’s an old saying, “If something is unsustainable, it can’t be sustained.”
From the Buy Nothing Day press release,
Some see it as an escape from the marketing mind games and frantic consumer binge that has come to characterize the holiday season, and our culture in general. Others use it to expose the environmental and ethical consequences of overconsumption.
Two recent, high-profile disaster warnings outline the sudden urgency of our dilemma. First, in October, a global warming report by economist Sir Nicholas Stern predicted that climate change will lead to the most massive and widest-ranging market failure the world has ever seen. Soon after, a major study published in the journal Science forecast the near-total collapse of global fisheries within 40 years.