Archive for September 14th, 2008
September 14th, 2008
A view from the Times UK, not from the left media…
Palinmania has washed away the Democrat’s lead in key states
Sarah Baxter, Washington
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THE high-heeled, moose-hunting governor of Alaska has sent Barack Obama’s campaign into a state of panic as support for the Democratic presidential candidate haemorrhages in the battleground states he must win to reach the White House.
Sarah Palin, 44, continued to scythe through Obama’s support among women by taunting the first potential black president for declining to choose Hillary Clinton as his running mate and by declaring that questions about juggling work and family were “kind of irrelevant” in the modern age.
See the rest of the story…
http://www.timesonline.co.uk/tol/news/world/us_and_americas/us_elections/article4749000.ece
September 14th, 2008
Let’s not sound the panic button just yet….
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Sunday he supported this weekend’s actions by market participants, the Federal Reserve and the Securities and Exchange Commission to strengthen and enhance financial market stability.
Without mentioning the fate of Wall Street investment bank Lehman Brothers (LEH.N) nor the widely reported deal for Bank of America (BAC.N) to buy Merrill Lynch (MER.N), Paulson said the actions were critical to “facilitating liquid, smooth-functioning markets and addressing potential concerns in the credit markets.” “I particularly appreciate the efforts of market participants who came together this weekend and initiated a set of steps to facilitate orderliness and stability in our financial markets as we work through this extraordinary environment,” Paulson said in a statement.
Paulson refused to commit public funds to a rescue of Lehman during a tense set of meetings with bankers and Fed officials in New York to try to find a solution for the firm’s financial problems.
The Fed agreed to broaden the type of collateral that financial institutions can use to obtain direct loans from the Fed, and it increased the amount of Treasury securities it auctions on a regular basis to foster liquid markets.
A private sector consortium of banks and investment banks agreed to create a $70 billion collateralized borrowing facility.
Paulson said the weekend’s discussions made clear that market participants and regulators across the globe recognize the need to support market stability as they address challenges.
“I am committed to working with regulators and policy makers — including Congress - to take necessary and appropriate steps to maintain the stability and orderliness of our financial markets. And I will engage with regulators and policymakers around the world to that end.”
September 14th, 2008
McCain’s “war injuries keep him from being able to use a keyboard. He can’t type. You know, it’s like saying he can’t do jumping jacks. Well, there’s a reason why he can’t raise his arms above his head. There’s a reason why he doesn’t have the nimbleness in his fingers,” Karl Rove said. See the rest of his comments
http://elections.foxnews.com/2008/09/14/rove-both-campaigns-ads-are-over-the-top/
September 14th, 2008
Take Boone Picken’s Pledge here….
http://www.pickensplan.com/index.php
September 14th, 2008
By the time we all get to work on Monday, our team will be 1/2 way through their day in Sweden.
Monday 15th 7 AM Departure Hotel Haga to the E-days
7.30 AM-5PM E-days conference
7 PM Anniversary Banquet
SACC-USA Anniversary Gala Banquet Dinner,
Nordiska Muséet, Djurgården
Follow them here….
http://rockfordelegationtosweden2008.blogspot.com/2008/09/flying-to-sweden.html
September 14th, 2008
BEIJING — China’s food safety watchdog sent teams of inspectors to the country’s main dairy producing regions Sunday after at least 432 babies were sickened by tainted milk powder produced by a Chinese company.
Officials have defended their response to China’s latest product safety disaster, saying that authorities have detained 19 people and are questioning 78 others about how the banned chemical melamine was added to milk sold to Sanlu Group Co., China’s biggest milk powder producer.
The government is sending groups of officials to Hebei, Guangdong and Heilongjiang provinces and the Inner Mongolia region to inspect dairy companies, the General Administration of Quality Supervision, Inspection and Quarantine said. The teams will also work with local officials in removing all substandard milk powder from the market, it said in a statement on its Web site.
China’s health minister on Saturday blamed Sanlu Group for delays in warning the public about its contaminated product. Chinese officials said they were not alerted until Monday, even though Sanlu received complaints as early as March and company tests in August found the milk powder contained melamine, a chemical used in plastics that is banned in food products. Sanlu ordered a recall Thursday.
A New Zealand dairy farmers’ group that owns 43% of Sanlu Group said Sunday it had urged the company to recall the product as early as six weeks ago. Fonterra Co-operative Group said it had urged the Sanlu Group board to call for a full recall of the milk powder on Aug. 2, the day the board was notified — nearly six weeks before the recall action was taken.
Courtesy WSJ and Associated Press
September 14th, 2008
On Sunday evening there will be a VIP reception with US Ambassador to Sweden Michael Woods…follow them along their journey here….
http://rockfordelegationtosweden2008.blogspot.com/2008/09/flying-to-sweden.html
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