Archive for September 18th, 2007

18
Sep
07

Wall Street Surges

Wall Street soared today on the news that the Fed was going to cut interest rates by a whopping half point (and yes, that’s a big move). The Dow Jones surged almost 340 to almost 13,740, it’s biggest jump in nearly five years. And folks are saying that 14,000 is surely around the corner. Now combine this with other news. Namely, that wholesale prices fell by 1.4%, and that home foreclosures soared in August. Are we in the middle of good news or bad news? Adjustable rate mortgages (ARM’s) scared the poop out of lot of folks when they “adjusted a few months ago. October is set to see yet another adjustment for a huge chunk of ARM home owners. Will this rate cut soften the blow? Probably not. Those that really could not afford to own a house are the ones most affected by the ARM stupidity and are probably going to get whalloped regardless of Fed activity. The dollar is still weak against other currencies making US goods competitiveness against those of other countries “strained”, as it were.

So while the rate cut might put a few more dollars in the pockets of those whose credit instruments are variable and tied to the prime rate (and can afford their bills)… and while the rate cut might pump up Wall Street and cause business to expand ever so slightly… one has to ask if there will be anything really tangible felt by the average consumer? And before anyone asks, I do not know how to fix things. If I did, the movers and shakers would have a tatoo of me instead of Greenspan on their forearms… It will be interesting to see how the Venomites React

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18
Sep
07

Rave Revival

Now that’s what I call a fun video…

18
Sep
07

Food Crap

Just when you thought it was safe to eat packaged salad again… Dole goes and issues a recall on salad up in Canada, eh. The lettuce was grown in California, Colorado and Ohio. Here’s a tip for the farmers… Animals crap and vegetable grow. Unless you’re going to find some way for animal crap to become instantly composted, it’s going to contaminate vegetable that are grown right next door. Use proper rinsing procedures or something.

18
Sep
07

T-Shirt Tribulations

So I’m reading the morning schedule of blog commentary and I wind up over here at Electric Venom to see the beginnings of a kerfuffle over t-shirts. Kate says “Back when little girls began sporting t-shirts which read “Boys are stupid, throw rocks at them” I found myself wondering just what kind of mother would actually allow her daughter to wear such ignorant, hate-filled, sexist crap. Now I know.” And then the commentary gets going. Some folks want to know why the shirt is taken so seriously, others hate “those shirts”, etc. And I’m scratching my head.

Okay, maybe it’s not such a good idea to have children running around advocating violence. And sure, adults wear similar shirts, too. There’s t-shirt advocacy for just about every violent or degrading activity imaginable (and some that aren’t). Doesn’t the message of the t-shirt say as much with it’s words or images as it does about the messenger (the wearer)? If I saw a girl wearing one of those “rocks” t-shirts, I would think that she and her parent(s) were pretty much idiots. But I’ve got nothing against them letting the world know it. I guess it’s one of the prices that we pay for the majority of freedom of speech…

And in case anyone is wondering, I pretty much have a drawer full of t-shirts that at least someone is going to find offensive.