Oh My: 1998 Obama Video "I Actually Believe in Redistribution"Wow.
"My dear brothers and sisters in Islam, as the world gathers against the believers in Syria ... seeking to hijack our sincere and blessed uprisings, children in Sydney would like to send their message of hope and support to the Muslims of (Syria), especially to the children and mothers," Ruqaya said in her speech.
"These uprisings have demonstrated that this umma (global Muslim community) is alive and well, her love is for jihad, she is unshackled herself from the fear which she held, and she yearns to once again live under the banner of (the Islamic state).
"Children as young as myself can be seen on the streets joining the uprisings, risking their lives to bring food, water and medicine to their wounded family members, some of them never returning to their mothers ... Nobody is too young," she said.
“I think I owe that to my supporters, to at least consider a run,” O’Donnell said in an interview last week. “People sacrificed. Not only came out of their comfort zone – sacrificed to work hard in order to win the primary. And I think that I owe it to them to give it every consideration.”
While the United States rejects efforts to denigrate the religious beliefs of others,
"We ask the American government to take a firm position toward this film's producers within the framework of international charters that criminalise acts that stir strife on the basis of race, colour or religion."
The election is in 53 days Pitch in $10 now
The FED's QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US.Please bookmark!
Some market observers contend that a country issuing debt in its own currency can never default since it can simply print additional currency. However, per Reinhart & Rogoff's " This Time Is Different: Eight Centuries of Financial Folly " , p.111, 70 out of 320 defaults since 1800 have been on domestic (i.e., local currency) public debt. Note, US funding costs are likely to slowly rise as the global economy recovers or the FED scales back its Treas. purchases (75% recently).
From 2006 to present, the US's debt to GDP rose from 66% to 104% and will probably rise to 110% a year from today under current circumstances; the annual budget deficit is 8%. In comparison, Spain has a debt to GDP of 68.5% and an annual budget deficit of 8.5%. We are therefore downgrading the US country rating from "AA" to "AA-".
Egan-Jones rating history for United States (Govt of).
9.14.12 AA to AA (-)
4.15.12 AA+ to AA (Negative outlook)
7.16.11 AAA to AA+
Beyoncé and Jay-Z are hosting the President in New York—your chance for two spots on the guest list ends at midnight: OFA.BO/X4goCa— Barack Obama (@BarackObama) September 14, 2012
At least three dead and 28 wounded after protesters attack U.S. embassy in Tunis - Tunisian State TV bit.ly/PpLQAG— Reuters Top News (@Reuters) September 14, 2012
Rhonda Weldon, the school’s director of communications, said the university received a call about 8:35 a.m. from a man claiming to be affiliated with Al Qaeda. The man said he'd placed bombs all over the campus that would detonate in 90 minutes.
All buildings were evacuated at 9:50 a.m. as a precaution, Wheldon said.
“I’m not saying this is an absolute but in a way, if you’re not having kids – who gives a damn? Love who you want. Isn’t that what we say? Gay marriage – love who you want? If it’s your brother or sister it’s super-weird, but if you look at it, you’re not hurting anybody except every single person who freaks out because you’re in love with one another.”
This effect accounts for the fact that, to our best knowledge, in every human society in history, incest is avoided and usually a social tabooChildren who were raised together develop a strong sexual disinterest for each other. This even works if they are not biologically related. The effect has been studied in Israeli kibbutzim, where children are raised in cohorts of the same age, and there are hardly any marriages among members later.
The Embassy of the United States in Cairo condemns the continuing efforts by misguided individuals to hurt the religious feelings of Muslims – as we condemn efforts to offend believers of all religions. Today, the 11th anniversary of the September 11, 2001 terrorist attacks on the United States, Americans are honoring our patriots and those who serve our nation as the fitting response to the enemies of democracy. Respect for religious beliefs is a cornerstone of American democracy. We firmly reject the actions by those who abuse the universal right of free speech to hurt the religious beliefs of others
|Photo Credit, USA Today, Tom Dale|