
Just like Vegas... nothing but a flashy show.
..
The Union Cooperative Society in Dubai has pulled all Danish products off its shelves in protest to the republishing of a controversial cartoon of the Prophet Mohammed with a bomb in his turban.From the[ Toronto ]Star.com:
Not giving a rat's ass about any of this, we buy whatever is really good... even if it is Danish.AMSTERDAM–Muslim nations have condemned a film by a Dutch politician that accuses the Qur'an of inciting violence.
Islam critic Geert Wilders launched his short video on the Internet on Thursday evening. Titled Fitna [you can't watch it there because of intimidation, but you can watch it here], an Arabic term sometimes translated as "strife," it intersperses images of the 9/11 attacks on the United States and Islamist bombings with quotations from the Qur'an, Islam's holy book.
The film urges Muslims to tear out "hate-filled" Qur'anic verses and starts and ends with a cartoon of the Prophet Muhammad with a bomb under his turban, accompanied by the sound of ticking.
The cartoon, published in Danish newspapers in 2006, ignited violent protests around the world and a boycott of Danish products.
Many Muslims regard any depiction of the prophet as offensive.
"The film is solely intended to incite and provoke unrest and intolerance among people of different religious beliefs and to jeopardize world peace and stability," the 57-nation Organization of the Islamic Conference said.
Dutch Muslim leaders appealed for calm and called on Muslims worldwide not to target Dutch interests. The Netherlands is home to about 1 million Muslims out of a population of 16 million.


Occasionally, I receive emails from your offices informing me of important legislation and events. One important action that has not surfaced yet from the senate is legislation opening up vast areas of oil and natural gas bearing deposits within U.S. territory and offshore. Given the Democrat control of Congress and the positioning of the Democrat party as the party of the common person, I would hope that stories such as this will be shortly a thing of the past:For those of you who don't believe that is the case, I invite you to read the following:
'You're working for gas now'The people of Camden, Ala. pay a bigger chunk of their income for fuel than anyone else in the country - meaning tough choices for the ever thinner family budget.While environmental protection is important, there appears to be a larger risk of environmental contamination from shipping oil to the U.S. than from local drilling and storage. Given the downside of dependence on any Middle East oil [and South American?], the prudent course for the U.S. would be to have a Manhattan-style project to expand available oil and natural gas supplies from North America while concurrently rapidly deploying the latest generation of nuclear power plants to replace aging nuclear and coal-fired plants. Certainly, research should continue on making solar and wind power economically feasible, but our near-future should not be risked by hoping we can continue to obtain the necessary fuel to keep our economy running at a level where people do not have to spend one-fourth of their income on fuel.
One additional action might ensure that gasoline supplies keep up with demand, even if oil supplies are sufficient: offer a suspension of federal gasoline taxes in any state where a new refinery is built as an addition to existing refineries. Care would have to be taken to be sure that a company would not receive benefit for building a new refinery simply to shut down an existing one.
Regardless of what theoretical alternatives may be touted, such as hydrogen powered vehicles, the reality is that the U.S. has both the natural reserves and the current technology... clean, turbo-diesel engines... to be self-sufficient for many more decades if political obstacles are removed.
As senators from Michigan, you should have a strong interest in seeing that Michigan automotive manufacturers are not saddled with the responsibility and the blame for the U.S. inaction and inability to have a rational and effective energy policy.
Sincerely,
Bruce Hall
But as I said, big refineries are needed as well and states might be competing to get one if Federal gasoline taxes were eliminated for awhile as an incentive for the states where the refineries are built. It would also help drivers such as those in Camden, AL...

Sorry, brother. It looks as if we won't be playing golf on your birthday.
Snowfall totals from the March 27th, 2008, winter storm
THIS ADDITIONAL SNOWFALL BRINGS THE SEASONAL TOTAL AT DETROIT TO 71.7 INCHES WHICH MAKES THIS THE FOURTH SNOWIEST WINTER SINCE RECORDS BEGAN IN 1880. FLINT HAS NOW RECEIVED 82.3 INCHES OF SNOW WHICH IS THE SECOND SNOWIEST WINTER ON RECORD SINCE 1941...
Do you fear global warming? Yes!
To where will you be relocating? Where it is warmer, of course!
Do you believe in God? Yes. Are you afraid of going to Hell? No, that's just metaphorical.Of course, some people may believe that Hell is actually in Michigan
But wait! If we are seeing something as it was relative to earth that long ago... where is it now? I'm presuming that the measurements are based on the apparent distance that we can observe, since all light reaching the earth at any moment started out at a different instant... a different moment in time.Astronomers tell us that the universe is expanding at an accelerating rate. Certainly not at the speed of light... but some objects are moving away from us at close to that speed. And most of the universe seems to be moving away from most everything else... expanding in all directions. So, does that mean that those really distant objects of 10-15 billion light years distance are more like 20-30 light years away now? Think about that! Okay, that's enough.
That means, even looking at the sun and planets, we are looking through time as well as space. Travel through time may or may not be possible, but viewing through time is something we do every day.
Large portions of the universe could have changed significantly or already disappeared or new portions appeared... and we will never know about it... will never see it... even if those changes happened when earth was forming or when life first appeared on earth.Thanks, Luboš, my whole day is ruined. I guess we'll just have to be content with a picture of reality that is really, really distorted by time and space... and focus on closer objects and issues... like presidential candidates and climate scams.
And if we ever figure out how to travel really, really fast through space, will we be headed for something other than what we can see when we start? That nice solar system might have become a supernova and we haven't seen it yet.
And what if the end of the Universe has already started someplace far away, but we think those nice galaxies are still spinning around. We could be doomed already and not even know it!
Where's my aspirin?..
McCain got several things right and several things wrong...
- He was absolutely correct about the radical Islamic threat and the Chinese expansion. There is a distinct possibility that the Chinese are already using radical Islamists as leverage for their goals: China Replacing The U.S.
- The pap about global warming is a bone to the leftists. By the time any real efforts [other than the destruction of the U.S. automotive industry] can be implemented, it will be already painfully apparent to all that Chicken Little [aka Al Gore] was wrong again.
- The League of Nations... er, Democracies... is a quaint and antiquated concept. The UK is attempting to be politically correct in a "democratic" way with the Islamic invasion occurring there... and are paying the price of cultural discord, increased violence, and loss of people who can afford to pack up and leave. The U.S. does not need to follow such examples.
Paulson: Action needed on Social SecuritySo, the only options the Secretary of the Treasury and the Social Security and Medicare trustees can come up with are raising rates or paying less. If you only have a tax collector and a check writer, I guess those are the only options.
Treasury secretary says program is 'financially unsustainable.' Trustee report says government will have to pay back what it owes starting in 2017.Last Updated: March 25, 2008: 3:47 PM EDTNEW YORK (CNNMoney.com) -- Treasury Secretary Henry Paulson, saying that Social Security is "financially unsustainable," called Tuesday for quick action to keep the system strong and released a report detailing the program's funding shortfalls.The federal government will have to start paying back what it owes the Social Security trust fund in 2017 so the program can continue paying 100% of benefits. By 2041, if the system is left unchanged, Social Security will only be able to pay out 78% of benefits promised to future retirees.
Those are two key estimates in the Social Security and Medicare trustees' 2008 annual report.
Kym Worthy does not appear to have crossed that line with regard to Mayor Kilpatrick...
That said, there are some major questions about the black voters who choose those types of mayors to be their leaders.Apparently, there are too many black voters who either never heard Martin Luther King's remarks about the content of one's character versus the color of one's skin or thought Dr. King was just another white black man.
In fact, there may be more of a problem in the presumption that a white black man must be a good leader.But that's another post.
... and will go back down when it receives bearish news.Meanwhile, oil is still priced over $100 per barrel and the U.S. Congress continues to resist expansion of U.S. oil and natural gas drilling... and the housing market continues to languish... and the jobs market sucks... and the dollar is being used to plug holes in toilet stalls.
Arkansas Prepares for Worst Flooding in 25 YearsI can't keep it straight. Does global warming cause droughts or floods? Does it cause warm, dry winters or snowy, cold winters? Let's presume it causes everything. How can we go wrong?
Midwest Continues to Struggle With Cresting RiversAn aerial view of flooded farm land is seen, Friday, March 21, 2008 in Newport, Ark. In Arkansas, residents of the tiny prairie community of Georgetown along the White River were warned to leave the area Friday after forecasters said a backwater slough would cut off access by late evening and leave the them stranded well into next week. (Mike Wintroath/AP Photo)
Apparently, that is common practice with writers, too...
"A.P.’s Death Toll for Iraq War Reaches 4,000"

Say what? Which decade are we talking about?
Slowdown could have been avoidedIt's great that a "well-respected economist" can look back and tell us what went wrong. It's better if those well-respected economists can look forward and tell us what is going to go wrong.
A well-respected economist says the U.S. is now in a recession...and that Congress and the Federal Reserve could have stopped it.
By Chris Isidore, CNNMoney.com senior writer
Last Updated: March 20, 2008: 4:31 PM EDT
NEW YORK (CNNMoney.com) -- Congress and the Federal Reserve missed their chance to keep the country from falling into recession by acting too slowly, according to a well-respected economist.
Lakshman Achuthan, the managing director of the Economic Cycle Research Institute, said the economy has now fallen into what he calls "a recession of choice."
He argues that the economic stimulus package passed by Congress this year is too late to help many consumers and businesses and that the Federal Reserve was too timid when it started trimming interest rates last fall.
I have been critical of the Federal Reserve actions for some time now [do a simple blog search on "Federal Reserve"], but one needs to realize that the statistical process by which the Fed gets economic data is always subject to revision.Of course, the Fed did finally try to correct the situation, but it waited far too long.
That doesn't mean that the Fed was correct in raising the funds rate to 5.25%... it wasn't. It only means that the overall process has flaws guaranteeing it will be slow in responding to changes in the economy... and tend to over-react as a result.
The Fed caused the housing mess by making money too cheap and then caused the housing crash by making money too expensive. But one has to wonder how the Fed really uses the information it has available... and why. The whipsaw effect of Fed actions has to make one wonder.
You might expect the Fed to try to correct the situation, but don't hold your breath either.
Based on my sampling, I'd guess that NOAA uses some sort of smoothing technique? when drawing the Departure from Normal map [middle] because our suburban Detroit area had over a -4°F average variance from normal [click on map immediately above], but on the Departure from Normal it is shown in the 0 to -2 range.What caught my eye was the difference between the Climate at a Glance and the Departure from Normal maps. Here in Michigan, most people will say that this February was very similar to those in the early 70s when temperatures seemed colder than "normal." Yet the Climate at a Glance shows Michigan as "near normal'. What is different is that NOAA uses temperature records going back to 1895 for their climate analysis and records going back to 1971 for their normal baseline.
NOAA also states that they use adjustment techniques for the temperatures used in the normal calculation, but I'm not sure if those same techniques go back to the 1895 data used in the calculation of the other normal.Regardless, I was curious about what constituted normal for the Climate at a Glance maps, so I did a quick sampling of February temperatures for Michigan at the decade breaks and came up with this:
1900 ____16.3While the sampling average of 20.5° F may not be Michigan's actual overall average for 1895-2008, there is an interesting pattern that shows an oscillation more than a trend. I have argued this point before when looking at the pattern of the number of statewide high temperature records for the nation. I acknowledge that this is a small sampling, but it seems to be in agreement with other looks at U.S. climate reporting.
1910 ____17.9 <---
1920 ____16.5
1930 ____26.9
1940 ____21.7
1950 ____20.0
1960 ____21.3
1970 ____18.3 <---
1980 ____17.6
1990 ____24.0
2000 ____26.8
2008 ____18.4 <--- [ranked 41st coldest out of 114 Februarys]
Average ____20.5
Furthermore, what is the criteria for NOAA stating that a particular month's average temperature is near normal versus above normal or below normal? ......What's Normal?Other thoughts...
How, for example, can a month that is barely out of the lower third of recorded averages [Feb. 2008 - 41 of 114 is 36th percentile] be "near normal" on a scale that includes 7 categories?
- If we start the temperature series in 1930 instead of 1895 or 1971 [cold points] would our perception of normal and trend be different? The obvious retort is that we use the earlier starting point because we happen to have data going back to the 1890s and it just happens to be a colder period.
Then why have two starting points and why 1971... also a colder period? Why not 1951... a more normal time?[ILLUSTRATIVE DATA ONLY]
- If we use raw data instead of adjusted data would the results be markedly different?
- If we insist on the same weather stations for the entire period used in the calculation of normal, would the results be different?
- If all weather stations had to be maintained to official specifications, would the results be different?
Even a 1° increase in reported temperatures due to small towns becoming suburbs and suburbs becoming part of large cities may have a significant impact in the analysis of what is normal. Remember... temperatures will be cooler in the outlying areas, in case you haven't heard that lately on your local weather forecasts.Meanwhile, today's forecasted high around here is 38°F ... about 12° below the normal high temperature... but we might have some above normal temperatures by the end of the month. Oh, and after years of high sunspot activity, the sunspots are virtually absent... and el Nino's warmth has turned into la Nina's cold. Just more of the same changes that happened before.
What doesn't seem normal is panic about a possible [but questionable] trend change of 1° over 100 or so years... or spending trillions of dollars to prevent a possible cause of a possible change...
Back in 2005, I wrote:DETROIT — The City Council on Tuesday asked Mayor Kwame M. Kilpatrick to resign in light of evidence that he lied under oath and plotted to cover up an extramarital affair with his former chief of staff.
But the request, while politically embarrassing, is not binding, and Mr. Kilpatrick has promised not to quit, even as the number of people saying that he should is growing. It comes a week after the charismatic but often polarizing mayor fanned his critics with an angry tirade at the end of his annual state of the city speech in which he blamed his troubles on racism and accused the media of having a “lynch-mob mentality” against him.
Wednesday, November 09, 2005Detroit got exactly for what it wished, so those voters should have the opportunity to lay the blame for their lousy government exactly where it belongs... on the faces in their mirrors.
Detroit - Be Careful What You Wish For
It's hard to fathom that the most maligned mayor in the U.S., Kwame Kilpatrick, would be re-elected by the citizens of Detroit. Yet, somehow, the citizens of Detroit decided that Mr. Kilpatrick would be a better choice than Freman Hendrix, the challenger.
Well, it seems that everyone deserves a second chance... or third ... or fourth ... or fifth ....
He may be a crook, but he's their crook!..
"The Federal Reserve reduced its benchmark interest rate by three-quarters of a percentage point on Tuesday, to 2.25 percent, a cut that was less than investors had been hoping for even though it was one of the deepest in Fed history."What is at issue now is what the Fed will do when it decides once the inevitable rising inflation hits.
As I said last September, my take is that a stable 4% rate will do more for the economy in the long run than the yo-yo approach presently in play. But it is likely that the Fed will again forget what rapidly decreasing rates followed by rapidly increasing rates can do... especially with no safeguards that manipulators will not be able to take advantage of the Fed's largesse again.

"With the latest reduction, the federal funds rate is far below the rate of inflation, meaning that the “real,” or inflation-adjusted, rate is below zero. It is also well below the European Central Bank’s benchmark interest rate of 4 percent or the Bank of England’s rate of 5.25 percent."
Here we go...
Japan stocks likely to fall as credit fears widen
03.16.08, 7:22 PM ET
http://www.forbes.com/reuters/feeds/reuters/2008/03/16/2008 -03-16T232202Z_01_T70201 _RTRIDST_0_MARKETS-JAPAN -STOCKS.html JPMorgan to Buy Bear for $2 a Share
7:54 ET
http://ap.google.com/article/ALeqM5g60rTo1kGL3abxo2kHkRWWdz hfqgD8VEQJNG0 Fed cuts discount rate to 3.25 pct, creates dealer lending facility
8:51 PM ET
http://www.forbes.com/markets/feeds/afx/2008/03/16/afx477871 9.html In emergency move, Fed cuts key rate, offers quick aid to brokers
9:17 PM ET
http://afp.google.com/article/ALeqM5gP8uqqLsYJkUyV1c3scjUCsT 8X-Q Fed acts Sunday to prevent global bank run Monday
9:40 p.m. ET
http://www.marketwatch.com/news/story/fed-acts-sunday -prevent-global/story.aspx ?guid=%7B43265631-1656-4697 -8377-55F05D859B76%7D Federal Reserve - Home page
http://www.federalreserve.gov/Federal Reserve press release
March 16, 2008 (no time indicated)
http://www.federalreserve.gov/newsevents/press/monetary /20080316a.htm FULL TEXT:
"For immediate release
The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity and promote orderly market functioning. Liquid, well-functioning markets are essential for the promotion of economic growth.
First, the Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create a lending facility to improve the ability of primary dealers to provide financing to participants in securitization markets. This facility will be available for business on Monday, March 17. It will be in place for at least six months and may be extended as conditions warrant. Credit extended to primary dealers under this facility may be collateralized by a broad range of investment-grade debt securities. The interest rate charged on such credit will be the same as the primary credit rate, or discount rate, at the Federal Reserve Bank of New York.
Second, the Federal Reserve Board unanimously approved a request by the Federal Reserve Bank of New York to decrease the primary credit rate from 3-1/2 percent to 3-1/4 percent, effective immediately. This step lowers the spread of the primary credit rate over the Federal Open Market Committee’s target federal funds rate to 1/4 percentage point. The Board also approved an increase in the maximum maturity of primary credit loans to 90 days from 30 days.
The Board also approved the financing arrangement announced by JPMorgan Chase & Co. and The Bear Stearns Companies Inc."
-----
And the band played on...
The Fed's worst nightmareOn January 7, I wrote:
Ugly retail sales and a somber forecast from CFOs point to recession, but rising oil and gold prices and a weak dollar show inflation. What's Ben Bernanke to do?
At this point, the Fed can do little right. Lower rates below 4% and the dollar crashes; don't lower rates and recession is probably assured. Pick your poison. 4% was the right target [when I said it was needed in Sept. '07]; the Fed process [which didn't recognize the developing problem] was simply inept. SEE THE SUMMARY IN THE RIGHT COLUMN.Further lowering of the interest rates is irrational at this point. It will simply exacerbate the problem. If the Fed had acted properly to begin with... not rapidly raising rates making ARMs unaffordable for subprime borrowers and then delaying the cuts thereby letting the damage get done... the banking crisis might have been considerably less.
Can you say "chasing your tail?"If B. Bernanke were a CEO, he'd probably be getting a $100 million "golden parachute" about now. But that's another issue.
They also have their list of pros and cons...
But the one thing the government will not do... because, well, I just don't know.What I do know is that this particular government inaction imposes a significant trade imbalance on this country, contributes to the decline of the dollar, hurts domestic manufacturers, and hits us all in the pocketbook.
Wednesday, March 12, 2008
U.S. pays price for untapped oil
Drilling lessens foreign dependency more than tax hikes and ethanol
Mark J. Perry
With oil prices hitting record levels above $100 a barrel, the economy in either a slowdown or recession, and with Venezuela threatening to end oil exports to the United States and Nigeria's oil production held hostage to internal strife, the case for tapping more domestic oil is getting stronger every day.
Unfortunately, Congress continues to resist the idea, preferring to hold substantial domestic energy resources on Alaska's North Slope and the U.S. Outer Continental Shelf off-limits to production.
Congress also worries about environmental damage from oil drilling, despite the oil industry's excellent safety record. Instead of encouraging the industry to invest in domestic oil production, which would help the economy and generate jobs, Congress is considering legislation that would require the manufacturing sector, including oil companies, to pay billions of dollars in additional taxes to support the development of renewable energy resources. And politicians prefer to replace oil with ethanol, having mandated a five-fold increase in its use, even though ethanol has gone from a cure-all to a serious problem in the eyes of many experts, and is now being blamed for pushing up food prices, straining water supplies and worsening global warming. [read more]
Mark J. Perry is a professor of economics and finance at the Flint campus of the University of Michigan.
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