Archive for July, 2007
Cryptogon Reader Contributes $50
July 12th, 2007EM sent $50. Thanks EM!
Soggy, but OK
July 12th, 2007I’ve never seen or experienced anything like the storm that just passed through here. We’re ok. Our animals are ok. Our house is ok. There was nowhere to go, nothing to do but stay put and hope the wind didn’t blow the roof off the house. Even if we had wanted to leave, the roads […]
Mexico Confirms Attacks on Pipelines
July 11th, 2007Via: Yahoo / AP: Mexico’s government on Tuesday called a series of gas pipeline explosions a threat to the nation’s democratic institutions and vowed to step up security after a guerrilla group claimed responsibility for the blasts. The Interior Department said it would take measures to protect “strategic installations” across Mexico after an explosion Tuesday […]
Top Fund Manager on Subprime Mortgage CDOs: “The Pricing Is a Fraud; the Ratings Are Bullshit”
July 11th, 2007Via: The Street: Bond funds may have a reputation for being boring, but anybody who attended Morningstar’s annual mutual fund conference in Chicago last week might have the impression that the fixed-income market is the most dangerous part of the U.S. financial system right now. Both the opening and closing sessions featured tough-talking bond fund […]
Senate Cuts Funding for Cheney’s Office
July 11th, 2007Watch out, THE TERRORISTS ARE COMING!!!!!! Via: International Herald Tribune: Senate Democrats moved Tuesday to cut off funding for U.S. Vice President Dick Cheney’s office in a continuing battle over whether he must comply with national security disclosure rules. A Senate appropriations panel chaired by Democratic Sen. Richard Durbin refused to fund $4.8 million in […]
Will Japan Destroy the Yen to Save the Dollar?
July 11th, 2007Via: Kitco: The only logical answer I can offer is that the Japanese realize that if they stop the flow of global liquidity they will destroy the dollar and the U.S. economy. To survive, the U.S. must be able to both limitlessly exchange the dollars it prints for the goods the rest of the world […]
Manhattan Takes Cue from London’s ‘Ring of Steel’
July 11th, 2007Via: International Herald Tribune: By the end of this year, police officials say, more than 100 cameras will have begun monitoring cars moving through Lower Manhattan, the beginning phase of a London-style surveillance system that would be the first in the United States. The Lower Manhattan Security Initiative, as the plan is called, will resemble […]
Dollar Falls to Record Low Against Euro on Housing Slowdown Concern
July 10th, 2007Via: Bloomberg: The dollar fell to a record against the euro and dropped the most since March versus the yen on speculation a slumping housing market will slow the U.S. economy. The U.S. currency also sank against the Swiss franc, British pound and Danish krone after Standard & Poor’s warned it may cut ratings on […]
U.S. Navy Sends Third Carrier to 5th Fleet Region
July 10th, 2007This information broke a couple of weeks ago on some sites that I wouldn’t admit to reading. I couldn’t confirm it back then, so I didn’t post it. Well… Via: Reuters / Yahoo: The U.S. navy has sent a third aircraft carrier to its Fifth Fleet area of operations, which includes Gulf waters close to […]
The Elusive Overunity Hamster
July 10th, 2007Anyone who followed Steorn’s gruesome humiliation last week will love this.
