The kids should have given free lemonade and accepted donations for a charity while telling the fuzz they were creating an awareness campaign for people to stay hydrated in the summer months….you know like a free public service announcement.

[youtube:http://www.youtube.com/watch?v=04MNf1YdNxI&feature=player_embedded#! 450 300]

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Obama’s Statement on Libya

Sun Aug 21, 2011 10:30pm EST Comments Off on Obama’s Statement on Libya

Tonight, the momentum against the Qadhafi regime has reached a tipping point. Tripoli is slipping from the grasp of a tyrant. The Qadhafi regime is showing signs of collapsing. The people of Libya are showing that the universal pursuit of dignity and freedom is far stronger than the iron fist of a dictator.

The surest way for the bloodshed to end is simple: Moammar Qadhafi and his regime need to recognize that their rule has come to an end. Qadhafi needs to acknowledge the reality that he no longer controls Libya. He needs to relinquish power once and for all. Meanwhile, the United States has recognized the Transitional National Council as the legitimate governing authority in Libya. At this pivotal and historic time, the TNC should continue to demonstrate the leadership that is necessary to steer the country through a transition by respecting the rights of the people of Libya, avoiding civilian casualties, protecting the institutions of the Libyan state, and pursuing a transition to democracy that is just and inclusive for all of the people of Libya. A season of conflict must lead to one of peace.

The future of Libya is now in the hands of the Libyan people. Going forward, the United States will continue to stay in close coordination with the TNC. We will continue to insist that the basic rights of the Libyan people are respected. And we will continue to work with our allies and partners in the international community to protect the people of Libya, and to support a peaceful transition to democracy.

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S&P Chartology: Ichimoku Kinko Hyo

Sun Aug 21, 2011 10:19pm EST Comments Off on S&P Chartology: Ichimoku Kinko Hyo

Never heard of this indicator, but it is signaling a major trend reversal and much lower ground for the S&P with any rallies capped below 1220…

Full article

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Flash: Libyan Rebels Take Tripoli (VIDEO)

Sun Aug 21, 2011 10:11pm EST Comments Off on Flash: Libyan Rebels Take Tripoli (VIDEO)

Fucking great. This is going to end well.

[youtube:http://www.youtube.com/watch?v=OYsVJ7iHKN0 616 500]

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Larger Banks in Greece Raise 50 Million Euros To Bailout a Smaller Lender

Sun Aug 21, 2011 10:08pm EST Comments Off on Larger Banks in Greece Raise 50 Million Euros To Bailout a Smaller Lender

Problematic PIIGS

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Russia and Iran Discuss the Building of More Nuclear Power Plants

Sun Aug 21, 2011 10:05pm EST Comments Off on Russia and Iran Discuss the Building of More Nuclear Power Plants

The plot thickens….

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Bernanke May Solicit Cocaine for the Markets in Jackson Hole

Sun Aug 21, 2011 9:58pm EST 1

“….

Expect Fed Chairman Ben Bernanke to use a speech at an annual central bank conference in Jackson Hole, Wyoming, next Friday to acknowledge his disappointment over the pace of growth, even downgrade his outlook, and explain which medicines left in the Fed’s cabinet are best suited to fortify the economy.

He looks unlikely to reach for shock treatment.

“With the recovery grinding to a halt in the first half of this year and the economy operating perilously close to a second recession, the Fed will remain on guard against a negative surprise on growth, and will be willing to act accordingly,” Millan Mulraine, an economist with TD Securities, wrote in a note to clients…….”

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Germany’s Merkel Said Sunday: “Euro bonds are exactly the wrong answer to the current crisis,”

Sun Aug 21, 2011 9:52pm EST 1

“They lead us to a debt union and not to a stability union,” she added.

Get ready for a lower leg

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Social Security Burdened by the Slow Economy; A Stampede for Benefits Pushes Insolvency Envelope

Sun Aug 21, 2011 9:48pm EST Comments Off on Social Security Burdened by the Slow Economy; A Stampede for Benefits Pushes Insolvency Envelope

Filings are up 50% in the last decade as the economy drives disenfranchised to seek benefits….

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Nikkei Rides a Roller Coaster

Sun Aug 21, 2011 9:44pm EST Comments Off on Nikkei Rides a Roller Coaster

Full look

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Unemployed Romney to quadruple-size his $12mill La Jolla home; may add Bin Laden style retaining wall.

Sun Aug 21, 2011 9:35pm EST Comments Off on Unemployed Romney to quadruple-size his $12mill La Jolla home; may add Bin Laden style retaining wall.

Tentative plans would thankfully retain the existing lap pool and spa.

In addition to the California house and a townhouse outside of Boston, which is their official primary residence, the Romneys own a $10 million vacation home on the shore of Lake Winnipesaukee in Wolfeboro, N.H.

The reason for the expansion, according to the official, is family: “They want to enlarge their two bedroom home because with five married sons and 16 grandchildren it is inadequate for their needs.”

There’s not really any explanation here that doesn’t underscore the fact of Romney’s enormous wealth estimated to be as much as $264 million, according to disclosure documents filed with the Federal Election Commission this month. Romney’s campaign said “a more accurate range” of his estimated wealth is merely between $190 million and $250 million.

It’s not quite on the level of not knowing how many homes you own, but both Democrats and anti-Romney Republicans could make the comparison to John McCain’s famously out-of-touch 2008 moment. Whether that’s a turnoff for voters is another question.

According to the U.S. Bureau of Labor Statistics, California’s current unemployment rate stands at 11.8%. Perhaps the Romney renovation will create a few much-needed jobs.

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