Tuesday, February 28, 2006

Home Sales Plunge, Inventory at All Time High

US Jan new home sales hit slowest pace in a year
Mon Feb 27, 2006 10:00 AM ET

WASHINGTON, Feb 27 (Reuters) - Sales of new U.S. homes fell 5 percent in January to their slowest pace in a year while the number of homes on the market climbed to a record high, according to a government report on Monday that signaled further cooling in the housing market.

Sales of new single-family homes declined to a 1.233 million unit annual pace from an upwardly revised 1.298 million unit pace in December, the Commerce Department said.

January’s sales pace was slower than expected. Economists had forecast new homes sales would ease to a 1.260 million unit rate from the originally reported 1.269 million unit pace in December

Just for persepctive, If the dow Jones fell 5%, it would lose over 600 points.

Posted by The Golden Child at 23:36:23 | Permalink | No Comments »

Wednesday, February 22, 2006

Have You No Honor?

President Bush has promised to veto any legislation that would block the U.A.E. from running 6 of hte largest ports on the US esat Coast.  Why would he let us do business with a company from a country who would not help freeze al-qadas accounts?  Why would he let us be sold to a company from a country that was one of three who recognized the Taliban as a legitimate government?  Why won’t Bush do everything in his power as Commander in Chief to stop a country that directly funded the 9-11 hijackers?  Why won’t Bush punish this country for HAVING SO MANY ACKNOWLEDGED AND PROVEN TIES TO TERRORISM????  aaaand the war in terror is real…..so why do business with a country that help provide Iran and North Korea, AXIS OF EVIIL countries, with the required material to go ahead with a nuclear program?  WE already know our border with mexico is WIIIIIIIIIIIIIIIIIDE OPEN, and the war is real, yes, 4 years after 9-11.  Uh huh then what the hell is going on here?

WASHINGTON - Brushing aside objections from Republicans and Democrats alike, President Bush endorsed the takeover of shipping operations at six major U.S. seaports by a state-owned business in the United Arab Emirates. He pledged to veto any bill Congress might approve to block the agreement. Bush Shrugs Off Objections to Port Deal - Yahoo! News

Posted by The Golden Child at 02:16:23 | Permalink | No Comments »

Only Bad News From Iraq???

WASHINGTON - Defense Secretary Donald H. Rumsfeld said Tuesday that the Pentagon is reviewing its practice of paying to plant stories in the Iraqi news media, withdrawing his earlier claim that it had been stopped.

Rumsfeld told reporters he was mistaken in the earlier assertion.  “I don’t have knowledge as to whether it’s been stopped. I do have knowledge it was put under review. I was correctly informed. And I just misstated the facts,” Rumsfeld said at a Pentagon news briefing.Rumsfeld: Planting Stories Under Review - Yahoo! News

Posted by The Golden Child at 02:06:26 | Permalink | No Comments »

Sunday, February 19, 2006

PORTGATE

Aaaaaaand, the War on Terror is real…….isn’t it?  But if this is true, and it is, how can the war be real?

Some of the country’s busiest ports — New York, New Jersey, Baltimore and three others — are about to become the property of the United Arab Emirates. Do we really want our major ports in the hands of an Arab country where al Qaeda recruits, travels and wires money?

Arab-owned American ports? - Editorials/Op-Ed - The Washington Times, America’s Newspaper

Posted by The Golden Child at 05:08:35 | Permalink | No Comments »

Thursday, February 16, 2006

Gold

Posted by The Golden Child at 20:18:04 | Permalink | No Comments »

Quick Silver

Posted by The Golden Child at 20:15:18 | Permalink | No Comments »

End of the Internet?

The nation’s largest telephone and cable companies are crafting an alarming set of strategies that would transform the free, open and nondiscriminatory Internet of today to a privately run and branded service that would charge a fee for virtually everything we do online.

Verizon, Comcast, Bell South and other communications giants are developing strategies that would track and store information on our every move in cyberspace in a vast data-collection and marketing system, the scope of which could rival the National Security Agency. According to white papers now being circulated in the cable, telephone and telecommunications industries, those with the deepest pockets–corporations, special-interest groups and major advertisers–would get preferred treatment. Content from these providers would have first priority on our computer and television screens, while information seen as undesirable, such as peer-to-peer communications, could be relegated to a slow lane or simply shut out.

Posted by The Golden Child at 20:06:58 | Permalink | No Comments »

2+2=5

We are at war with EastAsia.  Two legs bad, four legs good.  If only Welles were alive to see it…Perpetual war in order to acheive perpetual peace.

The Pentagon, readying for what it calls a “long war,” yesterday laid out a new 20-year defense strategy that envisions U.S. troops deployed, often clandestinely, in dozens of countries at once to fight terrorism and other nontraditional threats. 

Under the 2001 review, the Pentagon planned to be able to “swiftly defeat” two adversaries in overlapping military campaigns, with the option of overthrowing a hostile government in one. In the new strategy, one of those two campaigns can be a large-scale, prolonged “irregular” conflict, such as the counterinsurgency in Iraq. 

Didn’t Hitler have the same delusions of grandeur, along with the citizens and their nationalistic irrational exuberence?  “We are number 1, and we can do anything we want.”  Of course the citizens knew not of the horrible death camps, nor could they believe their gov’t lied to them.  Hello 2006

Ability to Wage ‘Long War’ Is Key To Pentagon Plan

Posted by The Golden Child at 20:00:57 | Permalink | No Comments »

“Those Who Do Not Know History…”

“If a nation is ignorant and expects to remain free, it expects something that NEVER was and NEVER will be.”  Ahh, the genious of Jefferson.  So for today’s lecture….How exactly did the USA win the cold war?  If you can agree that it was mainly because RUSSIA got bogged down in a pointless war in AFGHANISTAN and their military resources were depleted, and also because the Russia ruble currency was crashed, you would be very correct.  Fastforward 2006.  We are in the exact same position.  With our military (arguably) streched beyond its limits, even when including we spend more on our military than the rest of the world combined, in a pointless war that is costing us money WE DON’T HAVE, and all the while our currency has fallen over 30% and maybe even 40% at it’s low point, do we know our history.  Goodbye, I love you.
Posted by The Golden Child at 19:52:47 | Permalink | No Comments »

1 Trillion Dollars and 50 years to go

That was my prediction in 2002/2003 when Bush asked for 70 Billion for war and the GOP punchline was “cakewalk”.  Well, after the 6th installment of 60-90 billion more for war, with rebuilding projects recieving an F in 6 out of 7 categories from our own gov’t, you can see we still have a long way to go.  How much longer can we not give a rip where the money is going to come from???  here’s a clue

WASHINGTON (AP) - The country’s two overseas wars and its homeland defense could cost as much as $10 billion a month this year - nearly 50 percent more than last year, the White House estimates.  The rising price tag for the wars in Iraq and Afghanistan, and questions about military strategy for Iraq and possibly Iran, are expected to come up Tuesday as Defense Secretary Donald H. Rumsfeld appears before the Senate Armed Services Committee.

Guardian Unlimited | World Latest | War Costs, Defense Budget Rising

Posted by The Golden Child at 19:47:08 | Permalink | No Comments »