United States

Crude Oil Falls as Hurricane Dolly Misses Fields, Dollar Gains

July 23 (Bloomberg) -- Crude oil fell for a second day in New York after forecasters expect Hurricane Dolly to miss fields in the Gulf of Mexico and the dollar rebounded, curbing investments in commodities.

US State Dept. Promotes "Mosques in America" Calendars

I would have to agree with the commentary below - Where is the ACLU? Our government is sponsoring calendars featuring mosques with Islamic "scriptures". WTH!?

State Dept. promotes 'Mosques in America'
Publishes '09 calendar featuring worship sites for only 1 religion
Posted: July 18, 2008
12:10 am Eastern

© 2008 WorldNetDaily

Dream of gas tax holiday faltered over job losses

WASHINGTON - The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere.

New port authority eyes U.S. 24

Working with businesses that would like to locate along the new and improved U.S. 24 is at the top of the checklist for a new regional port authority in northwest Ohio.

Midwest's flood-prone communities consider buyouts

" ST. LOUIS - Debbie Halcomb unpacked boxes as she moved back into her flood-damaged home, but worried that her damp carpet harbors mold. She enjoys the normally tranquil setting of Winfield, a community about three miles from the Mississippi River. But she's had enough. She's hoping for a government buyout so she can move to higher ground.

Fannie, Freddie spent $200M to buy influence - Candidates of Change?

"If you want to know how Fannie Mae and Freddie Mac have survived scandal and crisis, consider this: Over the past decade, they have spent nearly $200 million on lobbying and campaign contributions.

But the political tentacles of the mortgage giants extend far beyond their checkbooks.

GM Reveals Plan to Save $15 Billion

General Motors will try to cut expenses by $15 billion by the end of next year through a combination of job reductions, production slowdowns, terminated retiree benefits and salary freezes, the company said yesterday.

Government shuts down mortgage lender IndyMac

LOS ANGELES - IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.
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The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said.

Phil Gramm Is Right

"In serious consideration for ambassador to Belarus." That's the role John McCain joked that former senator Phil Gramm might have in a McCain administration. Gramm is McCain's most senior economic adviser, the one best qualified to lead the finance team of a McCain presidency. Now, however, Gramm faces political exile because he made the mistake of telling the truth.

I've been an oil man all my life

America is in a hole and it's getting deeper every day. We import 70% of our oil at a cost of $700 billion a year - four times the annual cost of the Iraq war.

I've been an oil man all my life, but this is one emergency we can't drill our way out of. But if we create a new renewable energy network, we can break our addiction to foreign oil.

U.S. Weighs Takeover of Two Mortgage Giants, Fannie Mae and Freddie Mac

More mortgage mess, taxpayers on the hook !

Fannie and Freddie are gonna need a bail out?

Fannie Mae and Freddie Mac, the two biggest providers of financing for US home loans, tumbled to the lowest in 17 years in New York trading after a former Federal Reserve president said the companies may need a government bailout.

Fannie Mae and Freddie Mac tumble on insolvency fears

Kurdistan Regional Government signs oil and gas contract with US based Hunt Oil Company

The Kurdistan Regional Government (KRG) together with Hunt Oil Company of the Kurdistan Region, a subsidiary of Hunt Oil Company of Dallas, Texas, and Impulse Energy Corporation (IEC) announced that they have signed a Production Sharing Contract (PSC) covering petroleum exploration activities in the Dihok area of the Kurdistan Region.

http://www.ameinfo.com/131371.html

Iraq warns US on withdrawal date

Iraq will not accept any security deal with the US which does not include a date for the pullout of foreign troops, a senior Iraqi official has said.

National Security Adviser Mowaffaq al-Rubaie was speaking in Najaf.

The prospect of setting such a timetable was raised by Iraqi Prime Minister Nouri Maliki on Monday.

Panel calls for new war powers legislation

WASHINGTON - Former secretaries of state James Baker III and Warren Christopher say the next time the president goes to war, Congress should be required to say whether it agrees. The co-chairmen of a bipartisan study group have proposed legislation that would require the president to consult lawmakers before initiating combat lasting longer than a week, except in cases of emergencies.

McCain touts plan to create jobs, help workers

PHOENIX (AP) — Republican presidential candidate John McCain acknowledged the steep drop in U.S. jobs and said he would help the economy by cutting taxes, encouraging free trade, building nuclear power plants and launching other initiatives.

Farewell Bozo

LOS ANGELES - Larry Harmon, 83, a Toledo native who turned the character Bozo the Clown into a show business staple that delighted children for more than a half-century, died of congestive heart failure yesterday.

Chrysler status shaky, analyst says

"DETROIT - Faced with soaring gas prices, a sputtering economy, and rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to seek bankruptcy or sell its Jeep and Dodge Ram brands as early as next year, JPMorgan said yesterday.

But rivals GM and Ford are likely to get through the rough patch and turn a profit in 2010."

the amazing story of the star spangled banner- and verse 4 too!

Praise the Pow'r that hath made and preserv'd us a nation!
Then conquer we must, when our cause it is just,
And this be our motto: “In God is our trust!”
And the star-spangled banner in triumph shall wave
O'er the land of the free and the home of the brave!

http://www.wallbuilders.com/LIBissuesArticles.asp?id=9954

Police wnt u to fight crime w/txt msgs

TAMPA, Fla. - Police in the 1970s urged citizens to "drop a dime" in a pay phone to report crimes anonymously. Now in an increasing number of cities, tipsters are being invited to use their thumbs — to identify criminals using text messages.

Police hope the idea helps recruit teens and 20-somethings who wouldn't normally dial a Crime Stoppers hot line to share information with authorities.

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