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Wen Jiabao
Recovery Today, Inflation Tomorrow
Recovery Today, Inflation Tomorrow The Fed flexes its muscles. by Irwin M. Stelzer Anyone who thought Ben Bernanke and his Federal Reserve Board colleagues were out of ammunition received a rude, or pleasant, shock last week.Unrest in China Worse Than Widely Reported
http://www.nakedcapitalism.com/2009/02/unrest-in-china-worse-than-widely.html When we have featured articles that mention growing unrest in China, we've been told that it's overblown. The usual arguments: most of the people losing their jobs in Guangdong were young women who could go back to the provinces; that the violence wasn't organized and hence posed not real threat to the authorities; that the people who had lost their jobs could go back to doing what they did before, namely, subsistence farming. I've had trouble with these arguments because they run afoul of history.Dollar Declines Most Since 1985 Plaza Accord on Fed Bond Buying
Dollar Declines Most Since 1985 Plaza Accord on Fed Bond Buying By Ye Xie March 21 (Bloomberg) -- The dollar dropped the most against the currencies of six major U.S. trading partners since the Plaza Accord almost a quarter-century ago as the Federal Reserve’s plan to purchase Treasuries spurred speculation that it’s debasing the greenback. “What it introduces is the problem of the currency to the extent that the Fed is buying what isn’t desired by foreign holders,” said Bill Gross, co-chief investment officer of Pacific Investment Management Co., in an interview on Bloomberg Television on March 19.Madonna's Get Stupid Video
This is the controversial Get Stupid video that Madonna shows during her Sticky & Sweet Tour, which groups John McCain in with leaders like Hitler, Chinese premier Wen Jiabao, Grand Ayatollah Ali Khamenei, Zimbabwean President Robert Mugabe, and Kim Jong Il and Mike Huckabee, while grouping Obama with the Dalai Lama, Al Gore, Bob Geldof, Gandhi, Mother Teresa, Michael Moore, Bill Gates, JFK, and Bono. John McCain spokesperson Tucker Bounds says, "The comparisons are outrageous, unacceptable and crudely divisive all at the same time. It clearly shows that when it comes to supporting Barack Obama, his fellow worldwide celebrities refuse to consider any smear or attack off limits."
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