REUTERS

If the length of the train of this wedding dress represents how long the love between the happy couple will last, then this bride and groom should certainly expect to be growing old together. The aerial shot taken in China’s Jilin province shows the longest wedding train in the world, measuring more then 2 kilometers.

 

Announced changes in the regulatory landscape, including for hedge funds, private equity, and derivatives and securitization markets, will contribute to an increase in overall credit costs. The secular trend towards lower nominal interest rates, which has sustained financial intermediation and credit markets in the past 25 years, has come to a halt.

 

I AM SO SICK OF THE INEFFICIENCY AND CORRUPTION BUT HERE IS AN UPDATE TO A CAMPAIGN BETWEEN TWEEDLE DEE AND TWEEDLE DUM(B)…..ACTULLY CHRISTIE LOOKS MORE LIKE DUMPTY-DUMPTY.

The Newark Star Ledger reports that “Republican gubernatorial candidate Chris Christie has tried to escape the shadow of former President George W. Bush, whose support for Christie has become a major line of attack by Democratic Gov. Jon Corzine. But in an interview Tuesday and in congressional testimony last month, longtime Bush advisor Karl Rove said he had conversations with Christie about a possible run for governor while Christie was serving in the non-political position of U.S. attorney.”

 

“Citing a general feeling that it has been a while since one last occurred, the FBI warned Monday that the nation should prepare for the possibility of some kind of crazy, cult-related mass suicide,” The Onion reports. “ ‘It is our opinion that members of a fringe organization somewhere in the United States will more than likely engage in a sizable group suicide very soon,’ FBI director Robert Mueller told reporters at an early morning press conference. ‘I mean, can you believe we’ve gone this long without one? It’s been what — 10, 12 years? Too long. You just know some charismatic nut job’s planning something totally insane that’s gonna be like, “Whoa. Those people are nuts.” Right?’ While the FBI offered few specifics on how the suicides are likely to take place, it did not rule out the possibility of cult members ingesting cyanide at the behest of their leaders, engaging in self-immolation, or ‘just chopping their balls off or whatever.’” Check out, as well, on Onion Radio News: “Wal-Mart To Employ 80,000 Iraq War Veterans As Greeters.”

 

Commerce’s weather shop — which once dabbled at seeding hurricanes — is adamant in rebuffing repeated requests from DHS’s Advanced Research Projects Agency for collaboration on a hurricane modification program, a Washington Post blog recounts. An MIT robotics lab is at work devising an iPhone app for controlling aerial drones and the warbot like, Danger Room reports. “More and more, it’s robots that are looking for the terrorists,” The Strategy Page leads — an approach, it adds, that “has raised some interesting legal questions.” Coupling biological materials with an electrode-based device, an Israeli boffin “is able to quickly and precisely detect pathogens and pollution — and infinitesimally small amounts of disease biomarkers in our blood,” Science Blog relays. Check, finally, Wired for a link to “Twenty Experts Advise On How To Overcome The Most Frightening Issues You Will Face This Century” (SurvivorMall) — and Slate for 60,000 readers’ best guesses as to “how America is going to end.”

 

Senior administration officials met last week to explore expanding efforts to thwart global financing for violent extremism, Global Security Newswire quotes one of them. “Stores are worrying less about teens stealing CDs than about sophisticated criminals like Samih Fadl Jamal, the ring leader of a major organized theft operation that stole and resold millions of dollars of baby formula,” The Associated Press recently led. U.S. commanders in Afghanistan say the addition of drug traffickers to a “kill or capture” list is legal and an essential tactic to disrupt the flow of drug money to the Taliban, The New York Times tells. Police believe members of an alleged Melbourne terror cell have been providing funding to al-Shabaab militants in Somalia, The Australian relates. The bloody feuding following the apparent death of Pakistan’s Taliban chief was actually a battle among Taliban warlords to control $24 million in funds, Pakistan’s News International informs.

 

Sugar and Coffee: Hard Spots in the Softs Market

  • Sugar and coffee have outperformed grains, meat and dairy. Supply deficits due to cane crop failures in India and weather damage to coffee in Colombia have kept sugar and coffee prices at multi-year highs. Sugar prices in August 2009 saw record highs, not seen since March 1981, due to shortages coming from major sugar producers in India, Brazil, and China.
 

Fed Interest Rate Path: More of the Same at the August Meeting

  • The Federal Open Market Committee (FOMC) decided at its August meeting to keep its rate targets and most of its credit easing programs unchanged “for an extended period”. The Fed will slow purchases of Treasuries and extend purchases until the end of October 2009 but did not expand the program.
  • Some analysts speculate the FOMC may later expand quantitative easing, particularly TALF purchases of private sector assets. An expansion of Treasury purchases is unlikely given recent economic improvement. Contrary to market expectations, many believe the Fed is unlikely to begin rate normalization until 2010 or 2011 due to a persistent output gap and stubbornly tight credit.
 

As Ron Paul notes in his foreword, this book has great potential to do good.

In a short span, Tom introduces the layman to a range of subjects that have been excluded from our national discussion for much too long… This book is an indispensable conduit of these critical ideas. (p. x)

 
The Debt Crisis Cannot Be Solved with More Debt by David Saied
The principal problem with the current economic crisis is that the authorities are trying to solve the debt crisis by adding more debt — which is akin to trying to cure a viral infection by injecting more viruses. read more…
What Is Free Trade? by William Graham Sumner
There would be no need to fight for free speech, free press, free worship, or free soil, if nobody had put restraints in those matters. We never should have heard of free trade, if no restrictions had ever been put on trade. read more…
© 2012 New Jersey CFO Suffusion theme by Sayontan Sinha