Thursday, November 4, 2010

Six Americans killed...................

(Reuters) - Gunmen have killed six U.S. citizens in separate attacks since Saturday in the violent border city of Ciudad Juarez, the U.S. consulate said on Thursday, as Mexico struggles to halt surging murders. University of Texas students Manuel Acosta and Eder Diaz, who studied at the El Paso campus just across the border from Ciudad Juarez, became the latest victims when they were gunned down as they drove through the city on Tuesday. The killings followed the deaths of four other Americans, including a woman who died of multiple gunshot wounds inside a tortilla shop in Ciudad Juarez on Saturday. Two U.S. citizens died on Saturday when they came under fire in their vehicle. "Police said shooters fired 50 rounds, ... peppering the black BMW with bullets during an assault Saturday morning," the consulate said in a statement.Link

Close Encounter With Comet Hartley.






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Bernanke's Case For Quantitative Easing.

What's amazing about the latest bout of quantitative easing is the total lack of pretense. By that we mean Bernanke isn't even pretending that that QE would actually benefit the real economy. We noted yesterday that buy concentrating buying at the short end of the yield curve, Bernanke was punishing savers (pinning short-term rates to the mat) and bailing out banks (keeping the yield curve steep).Link
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‘Damn right’..... I ordered waterboarding.

President George W. Bush admits for the first time in his new memoir that he personally approved the use of waterboarding, a technique in which an interrogator simulates drowning on a suspect. The method, which most describe as torture, has since been banned by the Justice Department. In his book, "Decision Points," Bush asserts that he was asked by the Central Intelligence Agency whether he would support the agency's waterboarding of Khalid Sheik Mohammed, the alleged 9/11 mastermind. "Damn right," Bush says that he said.Link

$100M in Taxpayer Support...............

Freddie Mac said Wednesday that it lost $2.5 billion during the third quarter of this year. Add to that the $1.6 billion dividend payment the GSE had to make to Treasury on stock the company relinquished in exchange for bailout money, and Freddie Mac reported a net loss attributable to common stockholders of $4.1 billion, or $1.25 per common share, for the quarter. The third-quarter results actually represent an improvement from the previous three-month period, when the GSE reported a net loss attributable to common stockholders of $6.0 billion, or $1.85 per common share.
Freddie Mac had a net worth deficit of $58 million at September 30, 2010, that company officials attributed to the quarterly dividend payment to Treasury of $1.6 billion, which exceeded the GSE’s total comprehensive income of $1.4 billion.Link