Clipmarks | n2sooners's clips

Recession takes a detour

Sun, 18 May 2008 04:41:20 GMT

clipped by: n2sooners

A funny thing happened to the economy on its way to recession: It's taken a detour.

That, at least, is the view of a growing number of economists -- including some who not long ago were saying a recession was all but inevitable.

"A couple months ago it seemed like we were on the abyss," said Jay Bryson, global economist with Wachovia Corp.

"Things have changed....The numbers we've seen recently haven't been as bad as we were led to believe just a few months ago."

Wachovia now puts the odds of recession at 45%, down from 90% in April

Mr. Bryson and other economists note that though two main pillars of the economy, the labor market and consumer spending, have faltered, they have not collapsed as they did in past recessions

Job losses, meanwhile, have been less severe than they usually are in recessions

Alan Greenspan

the U.S. is in an "awfully pale recession."

George Soros

the "acute phase" of the crisis has now passed

Tags: economy, recession, economics, politics

Microwaved CD

Sat, 17 May 2008 18:35:00 GMT

clipped by: n2sooners

Clip Source: www.wackyarchives.com

Since microwaves came along, I have always had fantasies about putting odd objects in and seeing the reactions. This is probably one of the most interesting experiements. Putting the CD in the oven and waiting for the reaction. Warning: Do not try this at home!

Tags: cd, microwave

Obama history

Sat, 17 May 2008 06:42:19 GMT

clipped by: n2sooners

Clip Source: hughhewitt.townhall.com

"When Kennedy Met With Khrushchev, We Were On The Brink Of Nuclear War."

That's Barack Obama from today's incredible press conference where the Illinois senator combined petulance and ignorance in an unnerving display of just how unqualified he is to be Commander-in-Chief

For the record, Kennedy and Khrushchev met in Vienna in June of 1961. We were not on the brink of nuclear war. The Cuban Missile Crisis was 15 months in the future.

Tags: obama, kennedy, history, politics

Reporter spins for Obama by defending Hitler

Sat, 17 May 2008 05:38:34 GMT

clipped by: n2sooners

Clip Source: littlegreenfootballs.com

Seattle Times editorial writer Bruce Ramsey, in an effort to defend Barack Obama against President Bush’s “appeasement” speech, actually ends up defending Nazi Germany, Adolf Hitler, and the Anschluss (the annexation of Austria): Bush, and His Use of ‘Appeasement’.

Democrats are rebuking President Bush for saying in his speech to the Knesset, here, that to “negotiate with terrorists and radicals” is “appeasement.” The Democrats took it as a slap at Barack Obama. What bothers me is the continual reference to Hitler and his National Socialists, particularly the British and French accommodation at the Munich Conference of 1938.

What Hitler was demanding was not unreasonable. He wanted the German-speaking areas of Europe under German authority. He had just annexed Austria, which was German-speaking, without bloodshed. There were two more small pieces of Germanic territory: the free city of Danzig and the Sudetenland, a border area of what is now the Czech Republic.

Tags: obama, hitler, politics, msm, bias