The BBC reports: Baghdad – The authorities in Baghdad say they are preparing for an exodus of thousands of people from eastern parts of the city. Fighting between government and US troops on one side, and Shia militia on the other, has intensified recently. Two football stadiums are on stand-by to receive residents from two […]
The Boston Herald reports: BAGHDAD – Forget rocket attacks, concrete blast walls and no sewer system and try picturing luxury hotels, a shopping center and even condos in the heart of Baghdad. It’s all part of an ambitious five-year development “dream list” to transform the U.S.-protected Green Zone from a walled fortress into a gleaming […]
The church currently leases space in the steeple for the antennas of two wireless phone companies, AT&T and T-Mobile. The rent from these leases currently provides almost $70,000 of annual income to the church. Up until last year, the church leased space to three wireless companies. Because of industry consolidation, we lost one of these […]
k harris comment lifted directly from comments cactus style: Moody’s has cut Fannies financial strength rating to B from B+, but affirmed its debt rating at Aaa. Rationale? Fannie is at considerable risk of needing help in avoiding default, but the help is going to come, just going to, so that the risk of actual […]
Ilsm writes: One of the repeated objectives of the highest managers of the military industrial complex is: “Reliable and cost effective industrial capabilities sufficient to meet strategic objectives”. Former DoD management objectives had the “health” of the defense industry as a goal. Political appointees, summer help that they are, refer to the military industrial complex […]
Market Watch reports important news on needing more liquidity. Probably worth several posts. Hat tip to stormy. The Federal Reserve, along with other central banks, said Friday that it was increasing the funding it is providing to banks and announced that, for the first time, it was willing to accept bonds backed by auto loans […]
Title: Would Oil Suppliers keep a “gas tax holiday” as profit? Let’s look at some real numbers. The following table is excepted from Exxon-Mobil (as a proxy for Oil Supplier) financial statements 2003-2007. 2003 2004 2005 2006 2007 Revenue $246.7B $291.3 $370.7 $377.6 $404.6 Excise Taxes $(61.5) $(68.2) $(72.3) $(69.6) $(72.7) Operating Profit $32.0 $41.2 […]
In the next few weeks four excellent and dynamic writers will begin posting at Angry Bear on a soon to be determined but regular basis. Many already know the quality of thought and expertise each offers, so it is with great pleasure that we welcome them into the fold of Angry Bear contributors. Bruce Webb […]
Kudlow Looks at Energy So I’m playing with some data from the Department of Energy’s Energy Information Administration this morning. Their Table 1.1 gives you an energy overview – showing energy production, imports, and exports. I halt for breakfast, at which point I read this piece by Kudlow and almost choke: Democrats are now calling […]
The rather symbolic arguments and passion demonstrated about the gas tax holiday illustrate the odd and quixotic nature of what catches our imagination. The $30 I save over the summer has more relevance to my life than the lost $$$$$ (hundreds?) out of my pocket each year, and the notion of security dribbles away as […]