Saturday, Mar 24th

Last update05:20:13 AM GMT

You are here News Editorials Bruce Enberg: Using Strategic air power to protect precious bodily fluids

Bruce Enberg: Using Strategic air power to protect precious bodily fluids

E-mail Print PDF

Atom bombNew unemployment claims dropped by another 10,000 last week to 316,000, approaching pre Bush Crash numbers. California accounted for almost half of the decline suggesting that Conservative claims that the 7th largest economy in the world is in rapid decline since the Democrats took complete control of the state's government might be 'overstated'.

Wall Street banks are throwing a fit because the Federal Reserve is considering the elimination of the 0.25% interest that they have been paying banks on cash reserves that banks keep on deposit with the Fed. It doesn't sound like much except that these reserves total $2.4t. They only started doing this as part of the bank bailout and Wall Street has become accustomed to this $60b subsidy, it's almost half of their annual bonus pay. Banks didn't used to keep much cash on deposit but were encouraged to start doing this in case of further losses from the Bush crash. The Fed thinks that with the economy actually working again that maybe banks should start making loans with this money instead.

The possibility of peace with Iran has been putting further downward pressure on oil prices despite the Obama Administration's assurances that Iran wouldn't be allowed to pump more oil and natural gas any time soon.

The 21st century's Super Power, The People's Republic of China has laid claim to most of the South China Sea and has now created an new Air Defense Zone over what used to be a big chunk of international waters bordered by China, Korea, Taiwan and Japan. This area happens to be rich in untapped petroleum reserves. China has a similar dispute going with the Philippines, Malaysia and Vietnam over oil reserves in formally international waters further south.


Most Recent Related Stories...

Bob Alexander: AUTOPSY

Ronald Reagan in The KillersOne of my favorite movies is director Don Siegel’s 1964 remake of The Killers. It was...

NY Daily News: Donald Trump is a madman

Trump is a madman: NY Daily News editorial After his latest spasm of deranged tweets, only those completely under his spell can deny what...

Fusion GPS: The Republicans' Fake Investigations

Fusion GPS and the Russia probeA generation ago, Republicans sought to protect President Richard Nixon by urging the Senate Watergate committee...

You Only Believe the Official 9/11 Story Because You Don't Know the Official 9/11 Story

9/11 - you don't know the official story of 9/11I don't believe the official story of 9/11 because I know the official story of 9/11!During...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!