Obama’s "friend" Pastor Wright

So Obama has been calling his Pastor (Pastor Wright) the old uncle that he disagrees with. He has tried to distance himself from Pastor Wrights political standing by saying he is just his “spiritual adviser”.
In the following video it sure seems otherwise, since he is going OUT of his way to point to his Pastor [...]

Read Full Post »

Dollar plunge

Ben S. Bernanke’s interest-rate cuts have touched off a vicious circle of doom for the dollar.
The Federal Reserve reduced the rate on direct loans to commercial banks by a quarter-point to 3.25 percent before Asian financial markets opened today. It will likely lower its target rate for overnight loans between banks tomorrow to at least [...]

Read Full Post »

Court Will Examine Profanity Rules

The Supreme Court on Monday stepped into a legal fight over the use of curse words on the airwaves, the high court’s first major case on broadcast indecency in 30 years.
The case concerns a Federal Communications Commission policy that allows for fines against broadcasters for so-called “fleeting expletives,” one-time uses of the F-word or its [...]

Read Full Post »

New Economics Blog to check out.

Found a new Blog that would be of great interest to any frequent visitors.
James Phillip over at http://capitalhacker.com/ has a great site set up giving commentary on Economics and Technology.
We seem to share lots of the same views on the current “capitalistic” US economy.
One that caught my attention was:
The United States is being scared into [...]

Read Full Post »

Bear Sterns fire sale

JPMorgan Chase said Sunday it will acquire rival Bear Stearns in a deal valued at $236.2 million — or $2 a share — a stunning collapse for one of the world’s largest and most venerable investment banks.
The last-minute buyout was aimed at averting a Bear Stearns bankruptcy and a spreading crisis of confidence in the [...]

Read Full Post »