Factbox: Freight Cars Ride to the Rescue of Oil Companies - Yahoo! News
The latest Daily Fuel Gauge Report shows an average price of mid-octane fuel of $3.97 per gallon. Things aren't looking good for the 16-wheelers, either, with diesel at $4.08 per gallon. The problem, we are told, is not an insufficient supply of crude, but bottlenecks at the refineries. Projects like the Keystone XL Pipeline would have helped, but oil companies are turning to old-fashioned methods in bringing crude to the refineries on the east, west, and southern coasts.
Norway's Statoil ASA is the latest company to lease rail cars for crude oil transport, according to a company press release. The race to get oil to the refineries gets added impetus by Hurricane Isaac, which caused shutdowns and pullbacks at Gulf Coast refineries. Here are a number of important facts about U.S. refinery operation in the current environment:
Thursday, August 30, 2012
Monday, August 27, 2012
‘2016 – Obama’s America’ and the Ostrich Syndrome - Yahoo! Voices - voices.yahoo.com
‘2016 – Obama’s America’ and the Ostrich Syndrome - Yahoo! Voices - voices.yahoo.com
Referring to the documentary's number eight position, the AP quotes box office analyst Paul Dergarabedian who says it's "extremely rare for a documentary to break into the top 10."
Among the clips offered by Dinesh D'Souza and co-director John Sullivan is a screen graphic wherein the upheaval in the Middle East results in a "United States of Islam," presumably led by an Iran seeking nuclear weapons.
The idea of a caliphate stretching across country borders is not a far stretch.
Sunday, July 15, 2012
Do NOT steal this woman¿s towel! Heavily armed and bikini-clad female Israeli soldiers ¿mingle¿ with Tel Aviv beachgoers | Mail Online
Do NOT steal this woman¿s towel! Heavily armed and bikini-clad female Israeli soldiers ¿mingle¿ with Tel Aviv beachgoers | Mail Online
De rigeur beachware in Israel... I like it just fine. It's an accessory.
De rigeur beachware in Israel... I like it just fine. It's an accessory.
Tuesday, July 10, 2012
Sunday, July 1, 2012
Obama Administration Appeasers Struck Dumb as Morsi Calls for Release of Blind Sheikh
You've heard, haven't you? The new Egyptian president-elect Mohammed Morsi wants the United States to release the "Blind Sheikh" from prison. Or maybe you were too young to have heard of the Islamist potentate Omar Abdel-Rahman who spearheaded the World Trade Center bombing.
No! Not the one that murdered and incinerated 3,000 Americans, the one before that, where only six people were killed, but a hundred injured. Did I say only 6 people? It goes to show you how numb and how accepting we have become to Islamic violence.
As if it were a mere trifle. But the 1993 attack was apparently not enough of a wake-up call for President Clinton, who refused to take Osama Bin Laden into custody when the Sudanese offered him up on a platter.
Sheikh Omar-Rahman, you may know, had family connections with bin Laden and was the mastermind of the 1993 attacks, among other accomplishments. The BBC quoted Bruce Pomper, a broker in the World Trade Center, after the attack.
"It felt like an airplane hit the building," said Pomper.
Hello! Airplane! Anyone home? Aside from Khalid Sheikh Mohammed, I mean. But don't be angry, the new Islamic Muslim Brotherhood, headed by Mohammed Morsi, last week announced to the world it has moderated its views in an inaugural message of tolerance to women and Coptic Christians in Egypt.
Morsi forgot to send a message of tolerance to Israel. Nor did he make any statement in reference to the decades old peace treaty signed by Anwar Sadat. You do remember Sadat? The Egyptian leader who courageously broke with fellow Arabs to sign a peace treaty with Israeli Prime Minister Menachem Begin?
Of course, Egypt's Anwar Sadat was assassinated shortly thereafter but what better way to show moderation and tolerance by the Muslim Brotherhood and affiliated Islamo-Nazis than to murder and infidel president?
There is good reason to think the Obama administration is buying into the idea of a moderated Muslim Brotherhood. An administration that loudly called for Mubarak to step down is suddenly cowed into silence at Morsi's insulting and offensive call for Abdel-Rahman's release.
It's not as if Morsi's call for the release of the Blind Sheikh came as a surprise. A pro Blind Sheikh demonstration at the U.S. Embassy in March of this year provided a clue, but the Obama administration is so anxious to curry favor with Islamic militants that it has looked the other way and tolerated the humiliation in silence.
Hillary Clinton's State Department hasn't yet told Morsi to shut his face, and that is a statement in itself. There is an election coming in November and the whole lot of appeasers need to be booted out of office: Hillary, Valerie, Barack and Joe; Eric, Tim, and Benedict Bernanke, too.
No! Not the one that murdered and incinerated 3,000 Americans, the one before that, where only six people were killed, but a hundred injured. Did I say only 6 people? It goes to show you how numb and how accepting we have become to Islamic violence.
As if it were a mere trifle. But the 1993 attack was apparently not enough of a wake-up call for President Clinton, who refused to take Osama Bin Laden into custody when the Sudanese offered him up on a platter.
Sheikh Omar-Rahman, you may know, had family connections with bin Laden and was the mastermind of the 1993 attacks, among other accomplishments. The BBC quoted Bruce Pomper, a broker in the World Trade Center, after the attack.
"It felt like an airplane hit the building," said Pomper.
Hello! Airplane! Anyone home? Aside from Khalid Sheikh Mohammed, I mean. But don't be angry, the new Islamic Muslim Brotherhood, headed by Mohammed Morsi, last week announced to the world it has moderated its views in an inaugural message of tolerance to women and Coptic Christians in Egypt.
Morsi forgot to send a message of tolerance to Israel. Nor did he make any statement in reference to the decades old peace treaty signed by Anwar Sadat. You do remember Sadat? The Egyptian leader who courageously broke with fellow Arabs to sign a peace treaty with Israeli Prime Minister Menachem Begin?
Of course, Egypt's Anwar Sadat was assassinated shortly thereafter but what better way to show moderation and tolerance by the Muslim Brotherhood and affiliated Islamo-Nazis than to murder and infidel president?
There is good reason to think the Obama administration is buying into the idea of a moderated Muslim Brotherhood. An administration that loudly called for Mubarak to step down is suddenly cowed into silence at Morsi's insulting and offensive call for Abdel-Rahman's release.
It's not as if Morsi's call for the release of the Blind Sheikh came as a surprise. A pro Blind Sheikh demonstration at the U.S. Embassy in March of this year provided a clue, but the Obama administration is so anxious to curry favor with Islamic militants that it has looked the other way and tolerated the humiliation in silence.
Hillary Clinton's State Department hasn't yet told Morsi to shut his face, and that is a statement in itself. There is an election coming in November and the whole lot of appeasers need to be booted out of office: Hillary, Valerie, Barack and Joe; Eric, Tim, and Benedict Bernanke, too.
Saturday, June 30, 2012
Obama-Holder: The Odor of Fast & Furious Corruption Hangs Over White House
Obama has intervened in the Fast and Furious investigation to protect Attorney General Holder who will protect him when the 2012 election explodes into deception, illegal activity, and some level of violence.
A president with integrity would have fired Holder, or at least ordered him to release the documents that Chairman Issa wants. We are not talking about national security secrets here.
As time goes by, it becomes clearer to everyone that President Obama has a particular kind of closed-end mentality. Key people may leave the administration but they are never fired.
The only person ever to have been "fired" is Samantha Powers, the Obama foreign policy advisor and architect of R2P, who called Hillary Clinton a "monster." That was plainly embarrassing, but Powers' position was unpaid, and who gave a damn about a female aide at that early point in the administration?
The Obama administration is all about image, not reality or truthfulness, for the stonewalling associated with Fast and Furious is precisely an attempt to present a view of the administration which is precisely opposite of what it really is.
Obama can leak when it comes to Stuxnet or the use of drones or the Seal Team attack on Bin Laden, but the lid is iron-tight on a routine investigation of Eric Holder's justice bureaucracy.
Don't we need to know the degree to which America's top cop suborned the important mission of the national criminal enforcement agencies?
Don't we have sons like Brian Terry who are motivated to serve the interests of national security and must not be sacrificed to the giant egos and hidden agendas of politically motivated and appointed bureacrats?
Fast and Furious stonewalling has all the appearance of a rat's nest. The contemptible Holder is most interested in covering up the facts of the Fast and Furious operation with its 140,000 pages of documents.
There's something horribly rotten there, something dark. The stink of it hangs over the White House like a noxious gas.
A president with integrity would have fired Holder, or at least ordered him to release the documents that Chairman Issa wants. We are not talking about national security secrets here.
As time goes by, it becomes clearer to everyone that President Obama has a particular kind of closed-end mentality. Key people may leave the administration but they are never fired.
The only person ever to have been "fired" is Samantha Powers, the Obama foreign policy advisor and architect of R2P, who called Hillary Clinton a "monster." That was plainly embarrassing, but Powers' position was unpaid, and who gave a damn about a female aide at that early point in the administration?
The Obama administration is all about image, not reality or truthfulness, for the stonewalling associated with Fast and Furious is precisely an attempt to present a view of the administration which is precisely opposite of what it really is.
Obama can leak when it comes to Stuxnet or the use of drones or the Seal Team attack on Bin Laden, but the lid is iron-tight on a routine investigation of Eric Holder's justice bureaucracy.
Don't we need to know the degree to which America's top cop suborned the important mission of the national criminal enforcement agencies?
Don't we have sons like Brian Terry who are motivated to serve the interests of national security and must not be sacrificed to the giant egos and hidden agendas of politically motivated and appointed bureacrats?
Fast and Furious stonewalling has all the appearance of a rat's nest. The contemptible Holder is most interested in covering up the facts of the Fast and Furious operation with its 140,000 pages of documents.
There's something horribly rotten there, something dark. The stink of it hangs over the White House like a noxious gas.
Blog: Issa drops 'bombshell' wiretap applications letter that makes Holder out to be a liar#.T-8Z7TSA3dc.twitter
Blog: Issa drops 'bombshell' wiretap applications letter that makes Holder out to be a liar#.T-8Z7TSA3dc.twitter
Obama has intervened in the Fast and Furious investigation to protect Attorney General Holder who will protect him when the 2012 election explodes into deception, illegal activity, and some level of violence.
A president with integrity would have fired Holder, or at least ordered him to release the documents that Chairman Issa wants. We are not talking about national security secrets here.
As time goes by, it becomes clearer to everyone that President Obama has a particular kind of closed-end mentality. Key people may leave the administration but they are never fired.
The only person ever to have been "fired" is Samantha Powers, the Obama foreign policy advisor and architect of R2P, who called Hillary Clinton a "monster." That was plainly embarrassing, but Powers' position was unpaid, and who gave a damn about a female aide at that early point in the administration?
The Obama administration is all about image, not reality or truthfulness, for the stonewalling associated with Fast and Furious is precisely an attempt to present a view of the administration which is precisely opposite of what it really is.
Obama can leak when it comes to Stuxnet or the use of drones or the Seal Team attack on Bin Laden, but the lid is iron-tight on a routine investigation of Eric Holder's justice bureacracy.
Don't we need to know the degree to which America's top cop suborned the important mission of the national criminal enforcement agencies?
Don't we have sons like Brian Terry who are motivated to serve the interests of national security and must not be sacrificed to the giant egos and hidden agendas of politically motivated and appointed bureacrats?
Fast and Furious stonewalling has all the appearance of a rat's nest. The contemptible Holder is most interested in covering up the facts of the Fast and Furious operation with its 140,000 pages of documents.
There's something horribly rotten there, something dark and unholy. The stink of it, as it wafts across the White House lawn, can be measured by a gas chromatograph but it will continue to stink.
Obama has intervened in the Fast and Furious investigation to protect Attorney General Holder who will protect him when the 2012 election explodes into deception, illegal activity, and some level of violence.
A president with integrity would have fired Holder, or at least ordered him to release the documents that Chairman Issa wants. We are not talking about national security secrets here.
As time goes by, it becomes clearer to everyone that President Obama has a particular kind of closed-end mentality. Key people may leave the administration but they are never fired.
The only person ever to have been "fired" is Samantha Powers, the Obama foreign policy advisor and architect of R2P, who called Hillary Clinton a "monster." That was plainly embarrassing, but Powers' position was unpaid, and who gave a damn about a female aide at that early point in the administration?
The Obama administration is all about image, not reality or truthfulness, for the stonewalling associated with Fast and Furious is precisely an attempt to present a view of the administration which is precisely opposite of what it really is.
Obama can leak when it comes to Stuxnet or the use of drones or the Seal Team attack on Bin Laden, but the lid is iron-tight on a routine investigation of Eric Holder's justice bureacracy.
Don't we need to know the degree to which America's top cop suborned the important mission of the national criminal enforcement agencies?
Don't we have sons like Brian Terry who are motivated to serve the interests of national security and must not be sacrificed to the giant egos and hidden agendas of politically motivated and appointed bureacrats?
Fast and Furious stonewalling has all the appearance of a rat's nest. The contemptible Holder is most interested in covering up the facts of the Fast and Furious operation with its 140,000 pages of documents.
There's something horribly rotten there, something dark and unholy. The stink of it, as it wafts across the White House lawn, can be measured by a gas chromatograph but it will continue to stink.
Sunday, June 24, 2012
Will Obama’ Lapdogs in Liberal Media Bail Him Out on Fast & Furious?
Our local newspaper, the Pocono Record, is a dead issue. A resurrection will not be forthcoming, as the managers of the news in it are guilty of assistive suicide. There’s plenty of news in the Pocono area, but instead of reporting it the local rag is more concerned with buttressing President Obama’s campaign chances.
Case in point is the clumsy daily political cartoon which today features a guy with a squirt gun squirting water at an Obama figure with deeply furrowed brow. The squirt gun label says “Fast and Furious Investigation.”
The not-too-clever caption reads: “Why aren’t you melting down?” Get it? Tough president, weak prosecution of an unimportant issue, thy think.
Yet, Border Patrol agent Brian Terry bought the farm with bullets fired from one of the big burners Eric Holder walked across the Mexican border to the Zetas. Coinciding with this view is another Obama-Holder viewpoint that Brian Terry’s family do not exist, and have no right to find out who gave the orders which led to their son’s death.
It’s offensive; it offends all of us who can see how this reckless and pathetic administration operates.
So if you’re retarded and need further translation, you have only to look at the editorial beside it on the “opinion” page. The editorial is a reprint from the LA Times.
The LA Times urges Congress to compromise with the Obama administration to avoid an Eric Holder contempt citation from the entire House. Stupid, you are thinking. The “compromise” has no meaning because you either produce the documents or you don’t.
How do you “compromise?” Do you give Issa’s committee half a sheet of paper? Eric Holder has already done that, after months of lying that the Fast and Furious Operation even existed.
Why the LA Times? One reason is that the paper is losing money so fast they can’t afford to hire a real political columnist. Therefore, the Pocono Record must copy from the most liberal newspaper in the nation, one that is published straight from the heartland of the California Social Republic.
It’s somehow fitting that a lame liberal left newspaper which tells lies would back a lame liberal left political administration which tells lies.
Case in point is the clumsy daily political cartoon which today features a guy with a squirt gun squirting water at an Obama figure with deeply furrowed brow. The squirt gun label says “Fast and Furious Investigation.”
The not-too-clever caption reads: “Why aren’t you melting down?” Get it? Tough president, weak prosecution of an unimportant issue, thy think.
Yet, Border Patrol agent Brian Terry bought the farm with bullets fired from one of the big burners Eric Holder walked across the Mexican border to the Zetas. Coinciding with this view is another Obama-Holder viewpoint that Brian Terry’s family do not exist, and have no right to find out who gave the orders which led to their son’s death.
It’s offensive; it offends all of us who can see how this reckless and pathetic administration operates.
So if you’re retarded and need further translation, you have only to look at the editorial beside it on the “opinion” page. The editorial is a reprint from the LA Times.
The LA Times urges Congress to compromise with the Obama administration to avoid an Eric Holder contempt citation from the entire House. Stupid, you are thinking. The “compromise” has no meaning because you either produce the documents or you don’t.
How do you “compromise?” Do you give Issa’s committee half a sheet of paper? Eric Holder has already done that, after months of lying that the Fast and Furious Operation even existed.
Why the LA Times? One reason is that the paper is losing money so fast they can’t afford to hire a real political columnist. Therefore, the Pocono Record must copy from the most liberal newspaper in the nation, one that is published straight from the heartland of the California Social Republic.
It’s somehow fitting that a lame liberal left newspaper which tells lies would back a lame liberal left political administration which tells lies.
Saturday, June 9, 2012
Will Obama Administration Aid Eurozone Bailout? - Yahoo! News
Will Obama Administration Aid Eurozone Bailout? - Yahoo! News
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....This story comes from the Yahoo! Contributor Network, where individuals publish their unique perspectives on some of the world’s most popular websites. Do you have a story to tell? Become a Yahoo! contributor....Will Obama Administration Aid Eurozone Bailout?
..By Anthony Ventre
.PostsWebsite .By Anthony Ventre | Yahoo! Contributor Network – Tue, Jun 5, 2012....Email
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COMMENTARY | Diverse cultures with different political and social appetites cannot be made to dance to the same economic tune. For more than two years, eurozone officials have been dithering, holding meetings, giving speeches, intimations, observations and obfuscations. Yet, the financial crisis has gotten steadily worse.
Zacks reports the G-7 finance ministers and central bank officials are holding a remedial teleconference today, as Federal Reserve Chairman Ben Bernanke worries about the drag on the U.S. economy.
Markets might move a little as confidence is again temporarily bulwarked, but the sun will rise next day on the same failed empire of promises. Let's face facts. Greece has spent itself into a coma with debt last year at 165 percent of GDP and voted for more debt and abrogation of contracts this year in the form of Alexis Ysipras, leader of the Coalition of the Radical Left.
Friday, June 1, 2012
The ‘Road to Damascus’ Is Not Road to Peace - Yahoo! News
The ‘Road to Damascus’ Is Not Road to Peace - Yahoo! News:
'via Blog this'
'via Blog this'
COMMENTARY | "I think we may be beginning to see the wheels coming off this bus," said U.N Ambassador Susan Rice after a Security Council Meeting yesterday.
In Syria, months of queasy diplomacy among Arab League, European Union, and U.N. emissaries had come to nothing. Rice's dire warning appeared today in the Wall Street Journal.
Responsibility to Protect or "R2P" is the U.N. policy invoked as justification for the NATO bombing of Libya, where there were no large-scale massacres of civilians, as there are today in Syria. R2P assumes a moral dimension that is perhaps lacking in the Syrian crisis.
Ambassador Rice's bleak outlook followed days after an Associated Press report that there were 32 children "under the age of ten" among the 90 persons massacred last week in Houla.
To excuse failure of Syria policy, we emphasize the well-publicized diplomatic factors that argue for inertia. Syria could implement the peace deal it abrogated last month. The U.N. Security Council could impose sanctions, with nasty letters to follow.
(Click on the link to read more)
Obama’s Economic Attacks on Romney Were Badly Timed - Yahoo! Search Results
Obama’s Economic Attacks on Romney Were Badly Timed - Yahoo! Search Results:
'via Blog this'
COMMENTARY | President Obama may have a chance at a second term, but it won't be because of his economic record. So why would he focus on Mitt Romney's record as governor of Massachusettsone day before the release of a disappointing May jobs report?
Surely, the White House had some indication of the May unemployment figures in advance. The image of Obama as a deft politician seems to be overshadowed by bad timing and poor strategic advice.
President Obama's assertion yesterday that Massachusetts ranked 47 out of 50 states in job creation when Romney was governor was carried by several media outlets, including Reuters. Appearing at the bankrupt Solyndra plant, Romney countered that the Massachusetts unemployment rate tumbled under his governorship from 5.6 percent to 4.7 percent, reports the Wall Street Journal.
'via Blog this'
Wednesday, May 23, 2012
Cacophony of Crickets from White House on Gay Marriage
COMMENTARY |Long ago, when I “followed” Richard Grenell on Twittter, I didn’t know he was a “somebody” and I didn’t know he was gay.
I found out soon enough when Grenell’s resignation from a campaign position in the Romney campaign ignited controversy within the Republican Party. The Keen News Service quoted Log Cabin Republican head R. Clarke Cooper saying that Grenell resigned because he “was essentially hounded by the far right and far left.”
Grenell’s editorial in today’s Wall Street Journal justifies my previous high opinion of the man. Grenell applauded President Obama for his public statement in support of gay marriage, but continued to criticize the administration’s foreign policy failures.
I applaud Grenell for not hanging his hat on single issues of identity politics. This differentiates him from people who tend to vote based on single issues like skin color, sexual orientation, or religion.
Grenell is not an anomaly among gay policy activists who vote Republican. A 2010 Keen News Service article cited data reflecting that the 2012 gay vote was moving in a Republican direction.
In his editorial, Grenell points to the “conservative ideal of limiting government involvement in our lives…” Ironically, I justify my opposition to gay marriage by the same logic.
Government should leave marriage to the clergy. Civil unions can effectively address practical and legal issues in a more direct manner than by a broad stroke of the federal brush.
The courageous Grenell recognized he would be stoned by both left-wing and right-wing mullahs for not anchoring his political identity within a single issue. And he is.
But if it’s hypocrisy regarding gay issues you’re looking for, you have to look no farther than President Obama, for it, against it, and for it again.
Obama’s support for gay marriage was not well received by black clergy, according to Politico, so there is now a cacophony of crickets at the White House.
The crickets chirped even louder when it was announced that Obama was not invited to the wedding of Barney Frank to partner Jim Ready.
It is ridiculous for Frank to offer the press narrative that Obama was not invited to his wedding out of concern that the Secret Service would put a damper on wedding spirits. Obama simply wants to avoid the political downside of gay marriage wedding photos with the Dodd-Frank architect.
.
Richard Grenell: Marriage, Gay Republicans and the Election - WSJ.com
Richard Grenell: Marriage, Gay Republicans and the Election - WSJ.com
For those people looking for hypocrisy in gay issues, you have only to look at President Obama, who was forced by Joe Biden to come out with his remarks in support of gay marriage. Sinice that position did not poll well in the black community, you will not hear more of it and Axelrold has made the "issue" disappear. Obama , not having the courage of his convictions, stopped at the water's edge, in any case. Richard Grenell is courageous, by contrast, knowing that he will be stoned by liberal-left mullahs for not basing his entire identity on disagreement with a single issue. Smaller people cannot do that and vote based on single issues like skin color, sexual orientation, or religion.
While we're on the subject, who believes Barney Frank when he says Obama was not invited to his wedding because Barney was afraid the Secret Service would put a damper on the proceedings? That is a statement of political cover for Obama. Obama's refusal to atttend the wedding of Barney Frank to Jim Ready is a matter of pure political optics. Since the gay vote isn't as important to Obama as that of the broad hetero constituency, Obama cannot afford the political fallout of a wedding photo with the Dodd-Frank architect. Let me be clear (to use one of Obama's murky expressions) : Obama doesn't have the courage of his convictions, any of them.
For those people looking for hypocrisy in gay issues, you have only to look at President Obama, who was forced by Joe Biden to come out with his remarks in support of gay marriage. Sinice that position did not poll well in the black community, you will not hear more of it and Axelrold has made the "issue" disappear. Obama , not having the courage of his convictions, stopped at the water's edge, in any case. Richard Grenell is courageous, by contrast, knowing that he will be stoned by liberal-left mullahs for not basing his entire identity on disagreement with a single issue. Smaller people cannot do that and vote based on single issues like skin color, sexual orientation, or religion.
While we're on the subject, who believes Barney Frank when he says Obama was not invited to his wedding because Barney was afraid the Secret Service would put a damper on the proceedings? That is a statement of political cover for Obama. Obama's refusal to atttend the wedding of Barney Frank to Jim Ready is a matter of pure political optics. Since the gay vote isn't as important to Obama as that of the broad hetero constituency, Obama cannot afford the political fallout of a wedding photo with the Dodd-Frank architect. Let me be clear (to use one of Obama's murky expressions) : Obama doesn't have the courage of his convictions, any of them.
Monday, May 21, 2012
Goodbye Euro, Hello Drachma - Yahoo! News
Goodbye Euro, Hello Drachma - Yahoo! News
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......Goodbye Euro, Hello Drachma
..By Anthony Ventre
.PostsWebsite .By Anthony Ventre
Yahoo! Contributor Network – 7 hrs ago....This story comes from the Yahoo! Contributor Network, where individuals publish their unique perspectives on some of the world’s most popular websites. Do you have a story to tell? Become a Yahoo! contributor....EmailNew: Now the email button gives you a quick and easy way to start a conversation.
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Greek debt drags on the survival chances of the European Union, especially if the larger economies of Spain and Italy follow Greece. German Chancellor Angela Merkel says she's fighting to keep Greece in the EU. The Germans have also said the EU could take the hit and go on if Greece defaults. Somewhere there is a contingency plan for a Greek exit from the EU, and according to the New York Times, Europe is getting used to the idea.
What would be the currency impact if Greece is kicked out?
Greece would go back its original currency, the drachma. That is easier said than done since there is no exchange rate. The value of the drachma could drop as low as 40 percent of a euro. Everything bought and sold in Greece would become more expensive. The flip side is Greece would become cheaper for tourists with stronger currencies.
So now would be a good time to visit Greece? Click the headline--read the rest.
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......Goodbye Euro, Hello Drachma
..By Anthony Ventre
.PostsWebsite .By Anthony Ventre
Yahoo! Contributor Network – 7 hrs ago....This story comes from the Yahoo! Contributor Network, where individuals publish their unique perspectives on some of the world’s most popular websites. Do you have a story to tell? Become a Yahoo! contributor....EmailNew: Now the email button gives you a quick and easy way to start a conversation.
Share1Print......
Greek debt drags on the survival chances of the European Union, especially if the larger economies of Spain and Italy follow Greece. German Chancellor Angela Merkel says she's fighting to keep Greece in the EU. The Germans have also said the EU could take the hit and go on if Greece defaults. Somewhere there is a contingency plan for a Greek exit from the EU, and according to the New York Times, Europe is getting used to the idea.
What would be the currency impact if Greece is kicked out?
Greece would go back its original currency, the drachma. That is easier said than done since there is no exchange rate. The value of the drachma could drop as low as 40 percent of a euro. Everything bought and sold in Greece would become more expensive. The flip side is Greece would become cheaper for tourists with stronger currencies.
So now would be a good time to visit Greece? Click the headline--read the rest.
Friday, May 18, 2012
Facebook IPO: Will You Still Love it Tomorrow? - Yahoo! News
Facebook IPO: Will You Still Love it Tomorrow? - Yahoo! News
COMMENTARY | The last and final stage of Facebook nirvana is to be Mark Zuckerberg on the day of the multi-billion dollar Facebook IPO. I've reached the penultimate stage of Facebook nirvana. I deactivated my account two years ago and deleted it one year ago.
There is a lot of sniping at Zuckerberg, some of it perhaps deserved.
Appearing in a hoodie last week in New York, Zuckerberg flouted an understandable resistance to the seductive burden of wealth and the less attractive burden of maturity.
Zuckerberg paid off the "Winkelvii" and another Facebook co-founder Eduardo Saverin with cash or shares. The kind of infighting that characterized the Harvard "Mashbook" days turned cunning techno-schemer Zuckerberg into the martial refusenik who rejected billion dollar offers for the company from Yahoo and Microsoft.
BusinessWeek tells the story in lustrous detail. That's one tough nerd-- with vision, yet.
Wednesday, May 16, 2012
Tuesday, May 15, 2012
Dharun Ravi is a Victim of New Jersey’s Bias Crime Statute - Yahoo! News
Dharun Ravi is a Victim of New Jersey’s Bias Crime Statute - Yahoo! News
COMMENTARY | The Indian Asian News Service reports hundreds people in New Jersey's Indian-American community marched on Trenton to protest Dharun Ravi's his bias-crime convictions.
The protestors have a point. The largely quiet and conservative Indian community appears to be a target of discrimination by a law intended to curtail discrimination. Ravi was convicted of spying on his gay roommate with a webcam.
New Jersey prosecutor Julia McClure thinks Ravi's conviction is an important milestone in the annals of crime. She wants to see him rot in state prison. That doesn't square with Star-Ledger reports that Ravi was offered two pleas.
Friday, May 11, 2012
Beached ‘London Whale’ Loses $2 Billion at J.P. Morgan Bank - Yahoo! News
Beached ‘London Whale’ Loses $2 Billion at J.P. Morgan Bank - Yahoo! News
.....
J.P. Morgan CEO Jamie Dimon yesterday admitted to costly mistakes in its Chief Investment Office in New York. In an AP story, the loss was termed a "surprise" that will affect stock market trading today.
The $2 billion loss didn't sink America's largest bank, which still earned about $4 billion for the quarter. But the gigantic loss adds fuel to the fight in Congress as to how much regulation of the banking industry is necessary and how much of it is political frosting on a cake that's already been eaten.
What's not surprising is that many Americans have questions about J.P Morgan and the way America's banks do business.
Monday, May 7, 2012
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