Reuters reports –
“I think the dollar will remain the principal reserve currency.”
And added a warning to the new U.S. administration –
“Given the important role the U.S. dollar plays in the global financial system, it is incumbent upon the United States to pursue sound economic, fiscal and monetary policies.” he said.
I hope they are listening. Read the Reuters article.
Image joining the Mile High Club in this little rinky-dink airplane. But, I guess, the price is right.
Mile High Atlanta’s website states –
We will take you up to over 5,280 feet above the earth’s surface so you have the opportunity to join the exclusive “Mile High Club.” For only $379.00 per couple, you and “your significant other” will have a one hour flight in a Piper Cherokee Six designed exclusively for this purpose.
Sign up now!
Forbes reports that the oil price run up of 2008 may have been orchestrated by Goldman Sachs.
There is evidence of a malevolent hand at work: oil price manipulation by traders orchestrating a short squeeze to push up the price of West Texas Intermediate crude to the point that it would generate fatal losses in Semgroup’s accounts.
And yes, Goldman Sachs is getting bailed out.
Read the Forbes report.
The Big Picture presents some excellent pictures of the flood occurring on North Dakota’s Red River.
Go to The Big Picture.
This NY Times page from 1999 outlines the start of the banking crisis, when the deregulation became law. Senator Byron L. Dorgan, Democrat of North Dakota, eerily said ”I think we will look back in 10 years’ time and say we should not have done this …” While Mr.Dorgan could not have been more correct, Barney Frank could not have been more wrong. Mr.Frank said that the deregulation did not go far enough. (see page 2) Incredibly, Barney Frank is still in the middle of the mess in Congress. If it is time to clean house in the financial institutions, it should also be time to clean out the Congressional garbage that deregulated them.
Read the NY Times article.
Washington State Attorney Hunting Regulations
1. Any person with a valid Washington State hunting license may harvest attorneys.
2. Taking of attorneys with traps or deadfalls is permitted. The use of currency as bait is prohibited.
3. Killing of attorneys with a vehicle is prohibited. If accidentally struck, remove dead attorney to roadside and
proceed to nearest car wash.
4. It is unlawful to chase, herd, or harvest attorneys from a snow machine, helicopter, or aircraft.
5. It shall be unlawful to shout “whiplash”, “ambulance”, or “free Perrier” for the purpose of trapping attorneys.
6. It shall be unlawful to hunt attorneys within 100 yards of BMW dealerships.
7. It shall be unlawful to use cocaine, young boys, $100 bills, prostitutes, or vehicle accidents to attract
8. It shall be unlawful to hunt attorneys within 200 yards of courtrooms, law libraries, health spas, gay bars,
ambulances, or hospitals.
9. If an attorney is elected to government office, it shall be a felony to hunt, trap, or possess it.
10. Stuffed or mounted attorneys must have a state health department inspection for AIDS, rabies, and vermin.
11. It shall be illegal for a hunter to disguise himself as a reporter, drug dealer, pimp, female legal clerk, sheep,
accident victim, bookie, or tax accountant for the purpose of hunting attorneys.