The Founding Fathers on "Bailouts"
(Tracy, CA)
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on the objects of benevolence, the money of their constituents." --James Madison
Welcome to the News and Reviews Blog.
And Now For Today's Quote:
Mark Twain - "Get your facts first, then you can distort them as you please."
(Tracy, CA)
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on the objects of benevolence, the money of their constituents." --James Madison
OPEC set to slash oil output as prices crumble - Yahoo! News
(Tracy, CA)
Here is a thought - if OPEC cuts production - figure out innovative ways to CUT CONSUMPTION to make their efforts for nought. If you live in Tracy and COULD take the Acerail, then by all means DO IT. If you live in Tracy and have some type of option to CARPOOL - then , DO IT. This is an invitation to do your part to CUT CONSUMPTION in all areas that can hurt overseas oil exports as much as possible. If the demand goes down - then production cut attempts would be made worthless.
You can make a difference. Do whatever you can to force this slide of oil prices continuingly downward. Thanks.
-g
Proposed fee on smelly cows, hogs angers farmers - Yahoo! News
This is, by far, one of the most asinine things to come out of Washington.
I am no farmer, and the slap in the face to farmers AND end-consumers is plain and straight up.
Carbon from hogs and cows? Sure. It has been going on for millenia.
Do the math - more than 25 cows=$4,375 fee - more than 50 beef cattle or 200 hogs=$4000 annually for your hogs or $4,375 for your cattle (PLUS how ever many additional that you have beyond that).
Since there are so many corporate layoffs going on - I think the best place for that to happen next is at the Environmental Protection Agency. -g
June swoon: Foreclosures and bank repossessions still up - Jul. 10, 2008
(Tracy, CA)
This is not a new story - but what IS a new story is to begin hearing some in government admit that this is nowhere near over yet.
If you consider that subprime mortgages were going full speed as late as September/October of 2007 - how could we even imagine that this is going to change anytime soon???
The upside is - if you have not purchased a home - and IF you can get a loan - there won't be a better time than the next two years to come.
-g
Was Jesus' Resurrection a Sequel? - TIME
(Tracy, CA)
You know that news is scarce when you start seeing things like "Was Jesus Resurrection a Sequel".
The article (in Time Magazine) is a good read, but that is about it.
The question that is brought up here is one that has been hashed and rehashed in entire books. Start with the primarily bigoted book "The Two Babylons" by Alexander Hislop(written in the 1800s) - (the theme is to trash all of Catholicism).
If you would like to read something that was written in 1875(!) that is almost identical to this Time Magazine story - read The World's Sixteen Crucified Saviours Click on the bold charactors to go to this book's page on Amazon.Com.
It seems like the principal news sources these days point everyone in any direction but the Bible itself, when it comes to the question of Who was Jesus?
So, is Time Magazine reporting real news - or simply filling up space???
I vote for the latter.
-g
Oil hits record over $142 on rising investor flows: Financial News - Yahoo! Finance
(Tracy, CA)
$142 a barrel in futures trading?? This is NOT good news (unless, of course - you are futures trader and you bought far below this amount).
The result for consumers? Even higher prices at the pump.
So - where does it all end up? There are some who are predicting a "pop" in the oil bubble. The environmentalists are all rejoicing - "Now we can forge ahead with a non-polluting car - " - BUT - this is also MORE EXPENSE for the CONSUMER.
Some are yelling - "DRILL NOW!!!" - even if we began drilling right now - the results to the marketplace would not begin to change anything for at least two years.
I believe that high gas prices are actually here to stay for quite some time - if not permanently.
-g
Dow Chemical raising prices by another 25 percent: Financial News - Yahoo! Finance
(Tracy, CA)
In the previous post I provided a somewhat diverse list of all of the items that use oil in their manufacturing process.
Dow Chemical is a huge user of oil in it's products.
This article documents the problems they are having as they struggle to remain profitable.
-g
(Tracy, CA)
All These Thing Come From Oil: (Thanks to "The Good Human")
ammonia, anesthetics, antihistamines, artificial limbs, artificial turf, antiseptics, aspirin, auto parts, awnings, balloons, ballpoint pens, bandages, beach umbrellas, boats, cameras, candles, car battery cases, carpets, caulking, combs, cortisones, cosmetics, crayons, credit cards, curtains, deodorants, detergents, dice, disposable diapers, dolls, dyes, eye glasses, electrical wiring insulation, faucet washers, fishing rods, fertilizer, fishing line, fishing lures, food preservatives, food packaging, garden hose, glue, hair coloring, hair curlers, hand lotion, hearing aids, heart valves, ink, insect spray, insecticides, linoleum, lip stick, milk jugs, nail polish, oil filters, pantyhose, perfume, petroleum jelly, rubber cement, rubbing alcohol, shampoo, shoes, toothpaste, trash bags, upholstery, vitamin capsules, water pipes, clothing ink, parachutes, telephones, enamel, epoxy paint, car sound insulation, cassettes, motorcycle helmets, pillows, shower doors, refrigerator linings, electrical tape, safety glass, nylon rope, ice buckets, toilet seats, denture adhesive, loudspeakers, movie film, candles, water pipes, golf balls, sunglasses, soft contact lenses, footballs, paint brushes, fan belts, luggage, toothbrushes, ice cube trays.