There are very few update my computer monitor is gone. Using relatives computer. Updates happens as events warrant sorry.
The White House Press Corp were detained for three hours at Beijing International Airport on Friday. The plane arrived a few hours after President and Mrs. Bush did. The reason for the detainment official White House was logistical problems , However,The Northwest Airlines flight crew said Airport security were checking all luggage. More details are here from the AP via Yahoo News: http://news.yahoo.com/s/ap/20080807/ap_on_go_pr_wh/bush_press_corps_plane
Meanwhile, There has been a terrorist threat against the Beijing Olympic Games. The Turkistan Islamic Party An ethnic Uigahr and Muslim group seeking revenge for the mis-treatment of the its people by the Chinese government and seeking and independent homeland in Xinjiang province. . The group made a video showing the Beijing Olympic logo burning and an explosion of am Olympic venue calling for a Holy war against The People’s Republic. The video was delivered on August 1. Two US monitoring organization SITE Intellegence Group nad IntelCenter. The video tell Muslims to stay away from Olympics locales. More Information here;http://news.sky.com/skynews/Home/World-News/A-US-Monitor-Says-Chinese-Islamic-Group-Posts-New-Video-Threatening-Beijing-Olympics/Article/200808115073304?lpos=World%2BNews_1&lid=ARTICLE_15073304_A%2BUS%2BMonitor%2BSays%2BChinese%2BIslamic%2BGroup%2BPosts%2BNew%2BVideo%2BThreatening%2BBeijing%2BOlympics
If that not bad enough, the government is cracking down on dissidents. Two Chinese women were arrested and detained for protesting their eviction from their homes to make way for the Olympics; Zhang Wei and Ma Xiulan, were evicted from their homes near Tiananmen Square site of the 1989 massacre of Chinese dissidents which protesting government and wanting freedoms. The neighborhood called Qianmen just south of the square turned into a upscale shopping district with Rolex, Nike and and Starbucks.
This comes on the heels of protest by foreigners in two Americans who unfold a banner on a flagpole showing support for the people of Tibet. And American Olympic Speed skater Joey Cheek was stopped from flying to Beijing because he spoke out the war in Darfur. Make one appreciate the freedom and opportunity to live the greatest county on earth more here:http://apnews.myway.com/article/20080807/D92DCUH00.html
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 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.
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!
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)
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
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!
Posted in economy, Good News, Politics
Tagged 2%, borrowing, committee, credit, crunch, Federal reserve bank, fund rate, housing debacle, interest, rates, unemployment
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.
Posted in Media, Politics, Sport
Tagged athletes, Beijing, breitbart.com, China, committee, Olympic, reuters, smog, weather, yahoo news.com