More bad news for the Republicans more people are registering Democratic

If news could not get any worse for the G.O.P a New York Times report tell the tale that the war, economy has increasing democratic registration. In New Jersey Democrats went from 23% to 34% vs the Republicans going from 17% to 20% from 2004 to 2008. In Nevada the G.O.P lost ground  going from40% to 36% while the Democrats gained from 40% to 43% 3% increase. An 4 years ago Nevada was dead even between Republican and Democratic parties.

If the tale of the tape holds true November 3rd will be a very long night for the G.O.P.  For the Senator Obama this should be confirmation about their strategy for taking back the White House and veto proof majorities in congress. And Republicans will decide once and for all to be Ronald Reagan’s party of  less taxes, less spending, less regulation, or Will the party continue spending like democrats and the limousine liberals George H.W. Bush to oblivion.

Read the whole thing http://www.nytimes.com/2008/08/02/business/02food.html?em

Whole Foods Get an Image Makeover

Whole Foods Markets, the vary popular gourmet supermarket chain after being hammered by the U.S. economy is making its self an extreme makeover of sorts. According to this New York Time article                             http://www.nytimes.com/2008/08/02/business/02food.html?em Whole Food is offering guided tours of the value oriented items the stores carries  like fresh tofu for $1.50 a pound. Or store sale signs another example Organic Seedless Red and Green Grapes $1.99 per pound save $2. Since Winter of 2006 Whole Food stock slid down over 70% .  In addition, the store carrying lower priced brands.  The company hope this makeover will change peoples perceptions of Whole Foods instead of Whole Paycheck. Good Luck on that one.

11 Charged in World-wide Credit card Scheme

Full Discloure, I like to use my visa debit cars for a lot things ranging from gas , groceries and buying pizza off the web but this story via The New York Times:  http://www.nytimes.com/2008/08/06/business/06theft.html?_r=1&ref=business&oref=slogin

Great another problem to worry about, 41million credit and debit cards numbers absconded in a nationwide fraud scheme. Review your bank and credit cards statements if you see irregularities also contact the credit bureaus, cross your fingers and pray for the best!

Paris Hilton strikes back

You got to see this video from Paris Hilton. Hilton strikes back against Republican Presidential nominee Senator John McCain on Tuesday. http://www.funnyordie.com/videos/64ad536a6dIts getting loads of hits on You Tube, and other video sites in where I got this Funny or Die  via The Drudge Report. ( I have problem uploading the link so please follow the link instead, sorry)

LA County Board of Supervisors opposed MTA tax increase

Its not often that Los Angeles County Board of Supervisors reject a tax hike but the did. On Tuesday the board voted 3to2 against a MTA tax increase of a half cent sales tax on the November ballot. The measure would have provided the MTA $ 40 billion for road, highway  and mass transit projects including the expansion of the Purple Line to Santa Monica.  Democrat Gloria Molina joined Republicans Mike Antonovitch and Don Knabe ( my county supervisor by the way) rejected the increase. Molina rejected the tax because Supervisor  Board President Zev Yaroslovsky keep thein his district(which is considerably richer being its the west LA county vs Her east county district.)  Check out latimes.com for the latesthttp://www.latimes.com/news/local/la-me-tax6-2008aug06,0,3404233.story

Federal Reserve leaves interest rates at 2%

Today, Federal Reserve Bank’s open committee meeting left interest rates at current levels. The fed funds rate remains at 2%, This is the rate banks charge each other when borrowing credit. The discount rate also remained the same as well. From the Chicago Tribune: http://www.chicagotribune.com/business/sns-ap-wall-street,0,4187589.story Citing the bad economy,  credit crunch, housing debacle, and raising unemployment The committee kept the rates low. However, the fed did signaled that interest rates will go up when is anyone guess.

Meanwhile wall street rallied on the news the Dow Jones Averages closing 331.62 points at 11,617.77 Other stock exchanges also rose on the  news NASDAQ 64.27 points, or 2.81 percent, to 2,349.83. Standard and Poor index shot up 35.87 points to 1,284.88.

What happens now will the market continue to rally  or do we continue  bear market roller coaster were the market falls the very next day, rise the next, fall, rise again. I am getting motion sickness just writing this. Excuse me I need go to the bathroom!

Olympic smog

Smoggy weather in Beijing has Olympic athlete concerned their performances during the games.  From Breitbart.com http://www.breitbart.com/article.php?id=080805114717.octpffdn&show_article=1weightlifters to cyclists are say the air is unsafe. But the Chinese government attempted to reassure the world the by saying that the pollution claims are exaggerated.  They brought out New Zealand world champion rower Marhe Drysdale commented that the air has improved since he visited there last September.

“I was up here last September and the smog was a lot worse then,” said Drysdale. “They’ve done a good job clearing it up.”

The Chinese weather monitors describe the weather on Monday as “Fairly Good’ however in an article from Reuters via Yahoo News http://news.yahoo.com/s/nm/20080805/sp_nm/olympics_masks_dc shows, athletes wearing breathing masks arriving in Beijing on Monday.

Too bad the Chinese didnt learn from Los Angeles Olympic Committee which convinced Southern Californian to get out of town, employers to stagger works schedules, which reduced traffic and reduced polution.