Labels: 2008 candidates, 2008 Election, John Cleese, Monty Python, Sarah Palin, Vice President
Submit To Propeller
posted by profmarcus at
10/18/2008
Labels: Dick Cheney, Vice President
Submit To Propellerposted by profmarcus at
10/17/2008
FROM THE CHICAGO TRIBUNE EDITORIAL
BOARD
Tribune endorsement: Barack Obama for
president
2:33 PM CDT, October 17, 2008
Labels: 2008 candidates, 2008 Election, Abraham Lincoln, Adlai Stevenson, Barack Obama, Bruce Dold, Chicago Tribune, John McCain, Sarah Palin
Submit To Propellerposted by Anonymous at
10/17/2008
Mayor In Russia Says He Can See Sarah Palin Showering From His House
(Provideniya, Russia) Governor Sarah Palin, the Republican Vice Presidential nominee, has said that she can see Russia from her house. Across the Bering Strait in Provideniya Bay sits the town of Provideniya, Russia, and its mayor, Dimitri Andropov. He says that he can see Palin showering from HIS house. "And it is very nice."
Mayor Andropov added that his small town, like America, is transfixed with the buxom Governor. "We have a shower watchman on duty 24/7. And when the delightful Palin turns on the water and lets down her hair, the alarm sounds, telling everyone to rush to my house for a show. The kids love it."
Leonid Andropov, the Mayor's brother, said that the ability to see Palin shower has given him and the other men a newfound respect for her. "She's a very thorough cleaner, which is tough when one is dealing with moose guts, wolf blood and oil. And she doesn't have a mustache, which is just a big plus for us."
In a spontaneous Q&A at a Phoenix donut shop, Sarah Palin said that she's okay with the Russians watching her shower. "I'm flattered. And hopefully my cleanliness can inspire them to go after freedom, liberty and democracy... so that they can create jobs, get more freedom and liberty to help the economic job search, then hunt down the terror loving terrorists and change their nation of human people for the better."
"All I heard from that speech was change, and change to us is bad," said Mayor Andropov. "Change means John McCain will win the election and take our water princess to shower in Washington D.C. We don't want that to happen. Everything else Governor Palin said was over our small town heads. But that's okay, because we like to watch Sarah the same way she likes to watch Saturday Night Live, with the sound turned down."
In other news, Bill Clinton announced his candidacy for Mayor of Provideniya.
Labels: 2008 candidates, 2008 Election, Russia, Sarah Palin, Vice President
Submit To Propellerposted by profmarcus at
10/17/2008
Barack Obama for President
The Washington Post endorses Barack Obama.
Labels: 2008 candidates, 2008 Election, Barack Obama, Fred Hiatt, Washington Post
Submit To Propellerposted by profmarcus at
10/17/2008
Fed Announces Unlimited Borrowing
This morning the Fed issued a Press Release On Unlimited Borrowing.
In order to provide broad access to liquidity and funding to financial institutions, the Bank of England (BoE), the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank (SNB) are jointly announcing further measures to improve liquidity in short-term U.S. dollar funding markets.
The BoE, ECB, and SNB will conduct tenders of U.S. dollar funding at 7-day, 28-day, and 84-day maturities at fixed interest rates for full allotment. Funds will be provided at a fixed interest rate, set in advance of each operation. Counterparties in these operations will be able to borrow any amount they wish against the appropriate collateral in each jurisdiction. Accordingly, sizes of the reciprocal currency arrangements (swap lines) between the Federal Reserve and the BoE, the ECB, and the SNB will be increased to accommodate whatever quantity of U.S. dollar funding is demanded. The Bank of Japan will be considering the introduction of similar measures.
Central banks will continue to work together and are prepared to take whatever measures are necessary to provide sufficient liquidity in short-term funding markets.
Federal Reserve Actions
To assist in the expansion of these operations, the Federal Open Market Committee has authorized increases in the sizes of its temporary swap facilities with the BoE, the ECB, and the SNB, so that these central banks can provide U.S. dollar funding in quantities sufficient to meet demand.
These arrangements have been authorized through April 30, 2009.
Information on Related Actions Being Taken by Other Central Banks
Information on the actions that will be taken by the other central banks is available at the following websites:
On October 9th I wrote that You Cannot Patch a Busted Dam With Water.
Nonetheless, it seems the Fed is determined to try, and I even have a picture to prove it. Photographer Keith Taylor was present at the Fed's announcement this morning and captured this rather amazing image of the event.
Nationalization of banks and announcements of unlimited liquidity measures are not good things. However, but we have seen this playbook before. The futures are jumping once again during options expiration week.
Labels: economic collapse, financial markets, financial meltdown, Mish
Submit To Propellerposted by profmarcus at
10/13/2008
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