11.16.07

ECONOMICS

FED MAKES BIGGEST TEMPORARY INJECTION SINCE '01, (Reuters on Yahoo News). The Federal Reserve put $47.25 billion in temporary reserves into the U.S. banking system, the largest amount since the attacks on 9/11/2001. Gee, it seems like just a couple of weeks ago that they were putting the most in since September 2001. Oh, wait it was. On November 1, Bloomberg reported that $41 billion had been added. Records are made to be broken, they say.
...Once again, why this matters is that the situation in the markets seems to be much more serious than we are lead to believe in the mainstream media. You can watch your favorite market entertainment network all day long and hear very little about such matters. Most of us with jobs and 401k accounts have little choice but to be in the markets.
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RELIGION

ORAL ROBERTS UNIVERSITY PROVOST TO QUIT IF PRESIDENT RICHARD ROBERTS STAYS ON AS PRESIDENT. Mark Lewandowski said he cannot in good conscience serve under Roberts' leadership. On Wednesday, Oral Roberts had called an emergency meeting of the board where Richard Roberts asked for a second chance. On Monday, tenured professors at the university had given him a vote of no confidence.
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...Many folks were surprised when Pat Robertson came out of the closet and gave his endorsement for Rudy Giuliani for President. It was surprising since Mr. Giuliani has been accused of being a cross dresser, is pro-abortion, has marched in gay rights parades, and once tried to block a Catholic parade in Babylon (er, New York City) because homosexual activists were not welcome to march in the parade. The move seems to put Mr. Robertson solidly in the 'anybody but Hillary' crowd, no matter what one's professed principles are.

POLITICS

IN A MONUMENT TO INDECISION, ALL FIVE SENATORS WHO ARE RUNNING FOR PRESIDENT DID NOT CAST VOTES FOR OR AGAINST THE CONFIRMATION OF THE NEW U.S. ATTORNEY GENERAL. Can't take a stand, doncha know, might come back to haunt you. Of course, we might well be trusting one of these people to make critical decisions that are vital to our nation at some point in the future.
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...On that note, it was amusing to note Senator Clinton's tapdancing around the plan to give illegal aliens driver's licenses in New York. One of her opponents in that debate, John Edwards, noted that she had come down on both sides of the issue in the space of about two minutes. Now, after Governor Spitzer has finally bowed to public pressure on the issue and abandoned the plan, Hillary is suddenly and decisively against the policy. Too funny.
...Following that debate, her camp's immediate spin was that everybody ganged up on her because she was a woman. When that didn't spin well, then her husband rallied to her defense. When that looked like the little lady couldn't take care of herself, then it was everybody was piling on her not because she was a woman, and she could take care of herself, but her opponents were piling on her because she was ahead. Once again, too funny.
...In this latest debate she noted that her pants were made of asbestos for this debate. Does that mean she was afraid that her pants were going to catch on fire?
...Not to pick on Senator Clinton. She is just one of all but a couple of candidates running for the two parties that represent business as usual in the District of Corruption....And at this point it seems likely that we will continue the Bush-Clinton-Bush-Clinton dynasty that has helped lead America to where we are now.
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BORDERS: Did you know? Lost in all the sniping back and forth between the different sides in the invasion of our open southern border with Mexico, is that Mexico has a southern border problem of its own. And, guess what, they are interested in controlling immigration into their country from the south.