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June 10, 2009



And it's only gonna cost $200 million....for now...

Jack is Back!

It begs for Haiku.

Uighars in Palau?
At most there is hope
In a land of despair.


Not too long ago, the LA Times reported that when one of the Uighurs saw a woman on TV with her arms exposed he destroyed the TV. They should be a great fit for a country that receives much of its revenue from scuba diving and snorkeling tourists.


Speaking of survivors, when the Washington Post Style section did a piece on the fashion of Mrs. Roberts, wife of SCOTUS Chief Justice, at the nominating ceremony, I thought they were way off base.
But frankly this outfit on Michelle Obama makes Mrs. Roberts look like a “Dedicated Follower of Fashion”

Jack is Back!

Is Michelle Obama what they call "high waisted"? She appears to be somewhat clumsy and not at all radiant either. Just look at the secret service guy on the left - do you think he is enjoying this assignment?


I don't know about that Jack, but Genesis' "Land of Confusion" seems right about now.


Thanks for answering my question Bad. I was wondering how big the bribe was.


OMG, I have to share this, From Neo's link:

Mrs O is a clever woman: pretending to have just thrown on any old holiday number whilst actually acknowledging pioneering catwalk ideas is no mean feat, she is probably laughing at all the criticism as I write.

Unfortunately, those three-dimensional flowers, that strange orange snake working its way around her middle and the yellow curtain pelmet are impossible to defend.

As a stack, they look like one of those modern, fancy wedding cakes that brides’ co-ordinate with their flowers. For a woman who established her look on the principles of sophistication and elegance, the detailing is just a bit too sugary.

And the spotted plastic belt? Well, put it this way, her favourite Alaia studded one need not worry about the competition. So, this outfit isn’t 100 per cent faultless, but at least the First Lady has the confidence to have fun with what she wears. It takes a brave woman to wear pink daisies. And bloggers rejoice, her arms are covered too.


verner: Get this from the Daily Mail article on the same outfit:

"Teaming the look with a patterned belt the U.S. First Lady made the most of her narrow waist, while smartly referencing eclectic catwalk looks by British designer Christopher Kane."

Her narrow waist???? Her narrow waist????

What planet do these media dopes come from?

I still have the LUN that shows one thing Michelle DOES NOT have, is a narrow waist!

Danube of Thought

Thus far I've seen no mention of the 1944 Battle of Peleliu (one of the Palau Islands). It was as bloody and intense as any fought in the entire Pacific campaign. I have a framed picture of my father standing topside in a gun director as gunnery officer of the cruiser USS San Diego, smiling up at the camera (which must have been on the bridge). Down below him the main deck is entirely covered with the spent brass from the shore bombardment just concluded.

I don't know how much, if any, fire the ships took from the beach, but I do know that the marines had an astonishingly feroucious fight on their hands.

Danube of Thought

I note that HotAir and the Guardian make at least passing mention of Peleliu, but not the AP or the NYTimes.


It's costing us 17 million per Uighur.

I guess they're each going to get their own beach house and personal staff.


Not too long ago, the LA Times reported that when one of the Uighurs saw a woman on TV with her arms exposed he destroyed the TV. They should be a great fit for a country that receives much of its revenue from scuba diving and snorkeling tourists

Maybe the first lady will consent to accompanying them to their new destination.


This has comedy skit written all over it!

Jack is Back!

Couldn't get into the CIA world fact book on Palau but did get into the DoS's fact sheet on Palau. I now know how the Palauians are confident on the Uighirs being unable or unwilling to escape. Note the photo on the right hand side of the fact sheet. Would you be willing to swim out through the lagoon with a population of these in your way?

Also, its to be noted that according to the "political conditions" section, not everything is grass skirts and mai tai's in Palau.


Good news!
We finally have that Executive Pay Czar we've been waiting for!


Wait until we find out that it's $200 million per year.

Personally, I'd prefer a number of other islands that would cost us a lot less and allow most everyone to sleep better at night knowing that these folks wouldn't be bothering anyone in the future.

Ilha de Queimada Grande
Ramree Island
The Great Pacific Garbage Patch



My husband represented the island for a while and made several trips there. It's lovely but very remote. Mostly Japanese visitors looking for skeletal parts to take home for burial.


--I now know how the Palauians are confident on the Uighirs being unable or unwilling to escape.--

As soon as they cash Barry's check they'll probably put the Uighars in a canoe with a slow leak and a bucket of chum lashed to the keel.
I would.


I really think they should do a reality TV series and try to recoup some of the 200 mil.

The White House already has Obamavision and it's own little logo.

By the way, is that one of the islands where women routinely go topless? What a hoot.


Just trying to think like a lefty-- how exactly is Palau an improvement over Gitmo? Are they not still being confined without being charged?


Michelle has taken to heart the idea that you are only as old as you feel. She feels 14, a slim, fit teenager. Everything she wears would look good on a teenager.

Now she needs to learn how to be elegant.



The Palauans

Palau is home to about 21,000 inhabitants. The native tongue the Palauan language - typically used in the household, but English is commonly spoken around Palau. Majority of the population are Christians; Protestant, Jehovah's Witness, and other denominations thrive in Palau as well.

Even though shirts and other forms of clothing are widely used in the islands, the traditional local women still go topless inside their homes - some do so around their village. However, they usually put on shirts when they are around tourists.

In the past, Palauan women used to dance topless. Only a two-piece skirt and a few garlands were considered as the costume. Today, a woven brassiere is also worn to complete the look.

The beach and dive spots have brought in a large number of liberated tourists. Despite that, most Palauans still recognize the value of discretion.


Clarice, is there anyone you don't know, through you or your husband's long and distinguished career, or is that a state secret too

Danube of Thought

In Haiku, doesn't the second line have to be seven syllables?


I have a theory about the dress business..in a way it fits Obama as well..Neither understands that for much of the time --esp. when abroad they are symbols of the country they represent , not simply celebrities . They behave and she dresses in ways that emphasize themselves instead.

In other words they are juvenile.


Ignatz- I keep thinking of that Egyptian hostage drama years ago, when the hostage-takers negotiated for a getaway plane, which was promptly shot down.

I bet China has some assassins on its payroll, don't you?


"Michelle Obama bumps into sick orphan girl on way to Lion King musical, heals her, gets her lots of lovely clothes in Top Shop, invites her to join her in the royal box at the theatre, then adopts her.

Top London chocolatier declares: "Not even my finest confectionary is as smooth and lickable as Michelle Obama's gorgeous skin."

Kate Moss complains: "Why aren't my arms as photogenic and perfect as Michelle's?"

Repentant Jihadist says: "I was just about to blow up a bus with my rucksack bomb, when I happened to see lovely Michelle Obama waving from a car. I could see at once that she was a kindred spirit who shared my pain. So I've decided to renounce violence forever and become a 20/20 cricket player instead."

Evil Scar - inspired by Michelle Obama's radiant presence in the audience - decides he won't after all kill Simba's dad, which does present plot problems, but nevertheless sets splendid example of healing and forgiveness which all world should follow.

So, put that in your pipe and smoke it, Gibbs. We in the British media are tough, fearless, uncompromising and we set the world's agenda with stories so hardhitting no one else would dare print them.

http://blogs.telegraph.co.uk/james_delingpole/blog/2009/06/10/michelle_obama_visits_london_heals_sick_feeds_starving_creates_world_peace_etc>MO visits London, heals sick, feeds starving, creates world peace


"Mostly Japanese visitors looking for skeletal parts to take home for burial."

Looks like a growth industry opportunity for the Uighurs.

Original MikeS

The Great and Powerful No Drama Obama has prophesied that people around the world are outraged by the latitude and longitude of Gitmo. To heal the hearts of those whose sensibilities have been wounded by this atrocity, Obama has decreed that Gitmo should be moved to another latitude and longitude, and also the name of Gitmo shall be changed so that all the peoples of the world will know forevermore that he has done this thing. Mea Culpa. Mea Culpa. Yes we can!


Has the first lady got her children with her or were they not allowed on the great London vacation?


Maybe we should consider that island. Who runs it?

Old Lurker

Ten Year Treasury flirting with 4% today.

The Bond Vigilantes are wide awake now.


"when U.S. direct assistance ends in 2009"

From the DOS link Jack is back posted.

My guess is that there was some serious arm twisting to get their government to agree to take the Uighurs. I wouldn't be a bit surprised if there was a side agreement to build additional facilities with the US paying.

My prediction-this will end badly for what appears to be a decent group of islanders.


Jane, The Island was a US trust territory.In 1994 it became a free country but one which IIRC receives its operating revenue from us.

Rick Ballard


Almost half of today's 10s went at 3.99%. The 30 is taking a bit of a drubbing today in anticipation of tomorrow's lynching auction.

Old Lurker

Cat is outta the bag, Rick.

Gee. Paygo promises did not feed the beast?


I wonder what it would cost to buy. Is it nice there?


Oh Dear Lord, this from Steve Gilbert at Sweetness and Light--who is now on twitter by the way:

Peter Allen, in Paris

Wednesday June 10, 2009

Two passengers with names linked to Islamic terrorism were on the Air France flight which crashed with the loss of 228 lives, it has emerged.

French secret servicemen established the connection while working through the list of those who boarded the doomed Airbus in Rio de Janeiro, Brazil, on May 31.

Flight AF 447 crashed in the mid-Atlantic en route to Paris during a violent storm.

While it is certain there were computer malfunctions, terrorism has not been ruled out.

Soon after news of the fatal crash broke, agents working for the DGSE (Direction Générale de la Sécurité Extérieure), the French equivalent of MI6, were dispatched to Brazil.

It was there that they established that two names on the passenger list are also on highly-classified documents listing the names of radical Muslims considered a threat to the French Republic.

A source working for the French security services told Paris weekly L’Express that the link was "highly significant".

Agents are now trying to establish dates of birth for the two dead passengers, and family connections.

There is a possibility the name similarities are simply a "macabre coincidence", the source added, but the revelation is still being "taken very seriously".

France has received numerous threats from Islamic terrorist groups in recent months, especially since French troops were sent to fight in Afghanistan…

Sure this is a preliminary investigation.

But why isn’t this being carried by our stateside media masters?


Question for the legal beagles here;
if Barry doesn't stop the oceans from rising, as he promised, and the Uighars drown in their new sea-level home, will he be guilty of a war crime?
Talk about waterboarding.

Jack is Back!

In Haiku, doesn't the second line have to be seven syllables?


I qualified it by saying it called for haiku. Not that what I wrote was haiku:) I wouldn't know haiku from shiatsu! Well, that may be a stretch (no pun intended).


From the link by Clarice.

"Michelle Obama is not beautiful. She's not even particularly pleasant looking. In fact, and I'm not alone in so thinking, she looks like the late James Brown in drag."

Michelle. James

Rick Ballard


What happens to Airbus sales if "almost all the way, almost all the time" becomes associated with flying in them? The French will come up with pictures of Saddam Hussein helping Osama Bin Laden into a seat in First Class before they'll let "While it is certain there were computer malfunctions" become the main story.

tea anyone

Wouldn't some group have claimed the crash by now if it was a terrorist act???? I'm with Rick on this, I think Airbus is trying to shift the blame.


I don't know Rick. Computer failure may still be at fault, but I'm still not convinced that they can rule terrorism out.

And I think there are most certainly economic implications if it turns out to be terrorism too, as in--we don't know how they got the bomb on the plane.

The airlines/travel industry is already hurting


Jake Tapper says the shooter at the Holocaust Museum is 89 years old.

Rick Ballard

"I'm still not convinced that they can rule terrorism out."

Neither am I. I just got very suspicious seeing "may never recover the black boxes" on Day 1. Tea Anyone has a valid point about no claim being made. An alternative explanation involves blackmail/extortion by Group X?X. The French have a reputation for paying off that makes them excellent targets for extortionists.

I'm sure not looking forward to this fall with Ogabe ensconced in the WH. His presence emboldens rather than deters.


Shooter at the Holocaust Museum. James Von Brunn. Website LUN


And here's a description of this scumbag on a stormfront type website:

To begin this thread, please take a look at:


the site of James Von Brunn, author of _Kill The Best Gentiles (Tob Shebbe Goyim Harog!)_ . The first 6 chapters of his book are available for free downloading from holywesternempire.org. _Kill The Best Gentiles..._ is a valuable resource for me. You may benefit from it, as well.

James is a Gentleman I have great admiration for. From his biography:

"James W. von Brunn holds a BachSci Journalism degree from a mid-Western university where he was president of SAE and played varsity football.
During WWII he served as PT-Boat captain, Lt. USNR, receiving a Commendation and four battle stars. For twenty years he was an advertising executive and film-producer in New York City. He is a member of Mensa, the high-IQ society.
In 1981 von Brunn attempted to place the treasonous Federal Reserve Board of Governors under legal, non-violent, citizens arrest. He was tried in a Washington, D.C. Superior Court; convicted by a Negro jury, Jew/Negro attorneys, and sentenced to prison for eleven years by a Jew judge. A Jew/Negro/White Court of Appeals denied his appeal. He served 6.5 years in federal prison. He is now an artist and author and lives on Maryland's Eastern Shore."

When I first read his biography, I realized James Von Brunn had taken direct action to deal with the banking cartel that controls and destroys so much of our lives and somehow I had never heard of his heroic deed. How could that be? How could such an amazing deed go unremarked by the journals and books that deal with monetary systems and how we are controlled by them?

After speaking with James, I must conclude many who were in a position to shine light on the situation were afraid to do so.

James Von Brunn endured having his house burned down in retaliation for publishing books that the jews viewed as hostile to their financial interests. James endured jail and personal sorrows as a consequence of his refusal to submit to tyranny.

My nomination for White Racialist Treasure: James Von Brunn.

Please feel free to add your nominations for White Racialist Treasures to this thread. Thank you.

Blessed Be the Pro-White Activists,


A couple of decades ago when Airbus came out with their first fly-by-wire plane, there were several crashes. I didn't quite follow all of the details, but it went something like this: there is some control that you use in landing every plane, and up until the airbus, this control was in the same place on virtually every model of plane from crop duster to jumbo jet. The airbus engineers moved this control somewhere else, and they put the manual cut-off switch for the engines right there. So (imagine this) the pilots started accidentally turning off the engines on landing and crashing the planes. Airbus responded that this was a classic example of "pilot error". One of the crashes was (if I remember correctly) an Air India flight, and there were some racist comments about brown people not being competent to use modern technology.

Let's just say that airbus does not enjoy the most positive of reputations among the engineering set!


I wonder if JVB is a pal of Reverend Wright.


By Stophypocris

Because there is no real photographic evidence of “Nazi Gas Chambers” I had to use a painting of the imagination of some paranoid Schizoid.


Remember, the Federal Reserve Act (1913) gave JEWS control of America’s MONEY. Followed by control of America’s main sources of information .

Early on, during the war-torn 20th Century, the only broadcast networks : ABC, CBS, and NBC — were JEW owned. Today, JEWS control ALL important sources of information (The major networks, Newspapers, Magazines, Book-publishing, Tin-Pan Alley, Music & Recording Industry, Hollywood, Encyclopedia Britannica, Public schools and Universities, the Catholic Church, etc.).

Bit by bit Liberalism ascended. Bit by bit the Constitution was re-interpreted. Bit by bit government institutions and Congressmen fell into JEW hands — then U.S. diplomacy, businesses, resources and manpower came under JEW control.

Whitemen sat on their collective asses and did NOTHING - NOTHING BUT TALK. Never before in World history has a Nation so completely been conquered with absolutely NO physical resistance.

Whites LOVE their Enemies.

Today, on the World stage, Whitemen are LAUGHED AT, their women bred by stronger men.

And America ?

America is a Third-World racial garbage-dump — stupid, ignorant, dead-broke, and terminal.

Prepare to die, Whitey.



In Haiku, doesn't the second line have to be seven syllables?

The first line is five
Seven syllables follow
Have I got it right?


Unintended consequences?

I see a massive increase in immigration, tourism and investment - from Muslim countries. This will lead to an increased birthrate and less skin cancer, but also a reduced life expectancy (of locals) and changing demographics showing a 64% Muslim population. Migration of suitably educated Palauans will rise.

Miles from anywhere could also be seen as a hub with Indonesia, Australia, and the Philippines at the other end.

Population of 20,796 (July 2009 est.) with approximately 1000 being Chinese. A Birth Rate of 1.82, with a life expectancy of 71 years. 64 % Christian with no measurable number of Muslims. Tourism is 81% of the economy.*


Gitmo detained meet
cargo cult hula dancers
Uighur heads explode


my brother was just transitioned to the A 300 Series from the 767. He hates the Airbus.


Obama condemns those who deny the Holocaust. A white supremist enters the Holocaust Museum and starts shooting!


JVB's bio said he was a PT boat Capt in WW2.

Given his web site he may have felt he was fighting for the wrong side.


BTW Fox reported that the President is now instructing soldiers to give people captured in Afghanistan, Miranda Rights.

Perhaps he took over Afghanistan when we weren't looking.


Has everybody gone 'stark raving' mad, today, it's not a full moon, is it. First Letterman, well he's a fool, then this piece of genetic debris. Seems like George Lincoln Rockwell's distaff cousin.


I would bet there are some secret service guys who are rather-conflicted.

Danube of Thought

Soon we'll be told he was a returning Iraq war veteran.

Original MikeS

JVB is seeking appointment as the new Czar of Empathy and Cultural Exceptionalism.

Jack is Back!

What an amazing thread - starts with the Uighirs going to Palau, Michelle and her secrets of design, somehow finds its way to the AF 447 crash, then to mock Michelle we get the Airbus secrets of design, James W. Van Brunn and then back to Airbus. See how soon we forgot the Uighirs. I think thats the way there stay in Palau will turn out also.


The SEIU and AFL-CIO have been spending so much on politics that they're going deeply into debt.
Alarm is coming even from inside the AFL-CIO -- specifically, from Tom Buffenbarger, president of the International Association of Machinists and Aerospace Workers, who sits on the AFL-CIO's finance committee. Bloomberg News reports that he is circulating a report claiming the AFL-CIO engaged in "creative accounting" to conceal financial difficulties heading into last year's Presidential election. As recently as 2000, the union consortium of 8.5 million members had a $45 million surplus. By June of last year it had $90.6 million in liabilities, or $2.3 million more than its $88.3 million in assets. "If we are not careful, insolvency may be right around the corner," Mr. Buffenbarger warned.

"Pay to Play" has a high price these days.

JM Hanes

From the New York Times article TM cited:

The 17 Uighurs (pronounced WEE-gurz) have been in a state of limbo since fall, when a federal district court ordered that they be released in the United States and an appeals court overturned the ruling. The Bush administration said that it did not classify the men as enemy combatants.

But the United States had not been able to persuade any country to take them, despite contacting about 100 governments. Washington had said it would not hand them over to China, which has demanded their return, because it feared they would be persecuted or even executed.

The Chinese government accuses some Uighurs of leading an Islamic separatist movement in far western China, and Beijing has pressed many countries not to accept the detainees. Palau, which was a United States trust territory until its independence in 1994, maintains diplomatic relations with Taiwan rather than China, making it less vulnerable to pressure from Beijing.

While the Bush administration may not have classified the Uighurs as "enemy combatants," I believe it's the Obama Administration which has been selling the putatively reassuring story that they were simply anti-China, and thus no danger to the U.S. I don't know enough about the Uighurs to tell if we are looking at another strategic use of "some" here, but the Times certainly seems to be ignoring the significance of an Islamic separatist movement in what they simply call far western China!

I do, however, enjoy picturing the White House panic as it had to work its way through 100 other governments before they found someone who was even willing to accept a bribe in Palau.


the heck of it JM, is that the Chinese will probably now offer a very nice bribe (national stadium, fishing rights, etc) to Palau and then knock off the Taiwanese in the world China recognition badminton match and then get the detainees back, giving them triple double secret bonus points.


Not long after being granted access to TV, some of the Uighurs were watching a soccer game. When a woman with bare arms was shown on the screen, one of the group grabbed the television and threw it to the ground, according to the officials.


Michelle's silly outfits are nothing compared to the sight of BO with his feet on the desk in the Oval Office while talking with Netanyahu. Photo is up on Ace of Spades.

What disdain for this country and our allies.


We should tell China they can have them if they bring us in exchange the two newsgals from North Korea. If the world saw us a little more bloodthirsty it would be a good thing.

Danube of Thought

On about September 13 or 14, 2001 some columnist--I forget who it was--said that the way forward for the US was going to require that it be willing to be ruthless.

For a time we were--and thank God for that--but those days are over. Whatever we get, we will not be able to say we didn't deserve it.


RB, is this a description of the GS Contango play we were talking about earlier?

As Spot Prices Soar, A Popular Oil Trade Becomes Unprofitable

Here's one reason the price of oil is destined to fall, at least a little bit. As the price of a barrel rises, the return on buying oil on the spot market, then selling it forward has dropped to zero:

WSJ's Liam Denning: Energy economist Phil Verleger demonstrates how lucrative this can be. On March 1, the cash price of light, sweet crude was $40.15 a barrel, while the 12-month forward contract sold for $50.26. Assume an investor bought the physical barrel borrowing 80% of the money at a rate of 3%, sold it forward, and paid 50 cents a month for storage. The resulting profit of $3.15 a barrel equates to a 39% return on investment.

In reality, financing and storage costs aren't static. As spot prices have risen faster than futures, the spread has narrowed and the volatile trade recently turned unprofitable: On Friday, the return was zero.

With the return on this trade bottoming, there's a good chance oil supply could come back into the market, depressing prices. The WSJ says there's commercial inventories of 6 billion barrels built up around the world. That's roughly $400 billion sitting around.



Danube of Thought

Second prize is two lifetimes in Palau.


I'm telling you. Send them to snake island. It would cost a lot less than $200 million.


Rush referenced this WH released BO shoe soles pic today and the insult it implied...as in the throwing-shoe-at-Bush by Iraqi "journalist" incident. Other than an intentional insult to Israel and/or a cynical sop to Islamists, what would explain the release of such an undignified pic of BO?


he's the Mr. Casual/Mr. Cool president, Deb....he's just relaxing and stylin' as he deals with world leaders, shooting hoops with Reggie Love, and chillin' in the Village with his squeeze....Today Cairo, tomorrow he'll take Manhattan....he's FlyPrez!


The security guard in the holocaust shooting has died. I feel so sorry for his family, and am so grateful for his courage. At least his fellows were able to stop Von Brunn before he could hurt anyone else.

As for Von Brunn, hateful old crazy bastard. If he wasn't on someone's "watchlist" I want to know why. He had already been jailed for trying to shoot up the federal reserve board. As a convicted felon, I don't believe he was suppose to have access to a firearm, so it will be interesting to see where he got it.

In other words, like the Tiller shooter, he was a convicted criminal with a history of political violence.

And I'm a little ticked at Katherine Herridge at FOX, who I usually admire greatly, for implying that this crime makes that awful DHS report look timely.

No it doesn't.


The White House shoe sole picture is nothing. The fascist in the picture is problematic.

Danube of Thought

Well, I suppose we could take the DHS report, then take look at the Tiller killing and now this one, and begin the mantra: Obama knew! Why didn't they connect the dots? Seems pretty clear these had to be inside jobs, most likely by agents provocateurs from the CIA. I mean, are we supposed to think these are coincidences?


DOT, the guy is a 911 truther--so if he's a "conservative" so is Rosie O'Donnell.

Parking Lot

((DOT, the guy is a 911 truther--so if he's a "conservative" so is Rosie O'Donnell.))

and don't forget mikey moore ...

Farhenheit 9/11 was steeped in 9/11 truth theory and the whole frkn' left ate it up like candy. moore was treated like a god at cannes and at the academy awards

 Jack is Back is Right as Hail.

Survive in Gitmo
Or on mean Murican streets?
That is the question.

DoT, I am an advocate of freestyle Haiku, but have felt constrained recently to the traditional form creatively for fear my efforts will be mistaken for mere doggerel. Oh, the Horror.

Rick Ballard


That's a decent description of the contango. It has all the elements but the duration isn't necessarily a year.

Wanna see both parties push a rope with a D-9? How does a $15K tax credit to all comers for buying a house sound? Not too "green shooty" is it? I'm sure glad the rate of descent has slowed. It will make the impact landing a lot easier to handle.


DOT, the guy is a 911 truther--so if he's a "conservative" so is Rosie O'Donnell.

He also channels Jeremiah Wright whose re-emergence today was timely, wasn't it?

Foghorn Leghorn

beachfront cabana
Courtesy of Uncle Sam
Chinese prison waits


How did simple shelter become a "Major part of the economy"? Something is bad wrong.


--beachfront cabana
Courtesy of Uncle Sam
Chinese prison waits--

Foghorn, I know it might mess with the meter a little but shouldn't that be something more like;

"beachfront cabana, I say, beachfront cabana
Courtesy, I say, courtesy of Uncle Sam
Chinese prison waits, boy"



It's always been. A book I should have picked up a few years ago. When I read the part "Bribes Disguised as Loans", I can't help but think of Countrywide and the backscratching, backroom deals among politicians, money center banks, and Fannie and Freddie. A shame I didn't find it sooner.

Rick Ballard


The Beige Book is just chock full of juicy green shoots. You just have to hold it up to the light just right and squint really hard to see them.

Old Lurker

Caller to Rush today made the interesting observation that all those gazillions handed to the UAW for health care costs in the GovMo cramdowns will become found-money when universal healthcare kicks in. Now that's a serious return on investing in Zero. Makes GS contango plays look like passbook savings.


About the AirBus crash;

Depending on the type of electronic information that was downloaded in the last 20 minutes from the aircraft via SatCom to ground repositories, a lot of information can potentially still be gleaned. In many modern electronic jet aircraft, at various times a snapshot of a great many systems is taken, and that information is transmitted thru the SatCom system to ground repositories. Examples of such snapshots probably would be things like the exact on/off status of each and every fuel pump in each and every fuel tank in the aircraft, fuel temperatures in various tanks, fuel tank and fuel line pressures, consumption per engine, digital quantities, etc. Similar readings for other systems; Pressurization, hydraulics, Air Data Computers, Flight control computers and flight controls, etc, etc, would be able to be downloaded and in fact would also probably have been downloaded. Such electronic downloads would have occurred on a previously programmed routine basis, and also might or would have been downloaded when intentionally interrogated by a ground source requesting data, by the crew possibly instituting such a download themselves, or by an instant automatic download driven as a result of occurring system failures.

I know that downloads in this accident occurred from reading the papers, but I do not know what the particulars of those downloads were, nor do I know if from what was downloaded, a sequence can be determined of what failed first. If for instance it was for example pressurization problems, that might butress a guess towards something of an explosive nature as opposed to say some problem with fuel or hydraulics or engine overtemp etc. I don't want to randomly speculate at all, but simply to say that if there is plenty of data available in those last few minutes, the sequence of what failed first and what was still operating normally along a timeline, can probably lead investigators, in an Occam's Razor manner, to eliminate some possibilities as the potential initial cause of this tragedy over some others. The Black Box would be of immense value, but they may not be completely blind without it at trying to unravel this mystery.



Saw a lot of "weak", "flat", "or falling". Green shoots indeed.

Wonder if it was GS and JP that pushed through the buy orders at 2PM? I'm still feeling that there is a "Black Monday" coming along with a new financial regulatory regime coming down the pike.


How long did this Contango play last? It seems like it went on a while and just recently ended.

How could an arbitrage play last that long?

Strawman Cometh

Andy McCarthy says the terrorists can thank McCain for their miranda rights.


are those their Carmen Miranda rights? after all, They are in sunny Cuba...

JM Hanes


No doubt the White House will be highlighting their diligence in making sure that the Uighurs won't be repatriated. Palau may be glad that their little nation includes 250 islets. Otherwise, I wonder how long their new citizens can actually be contained -- especially when they must be positively aching to be reunited with the 5 co-conspirators who were spirited off to Abania.


"Not too long ago, the LA Times reported that when one of the Uighurs saw a woman on TV with her arms exposed he destroyed the TV."

Given Verner's description of Palau culture at 12:26, I predict a regular lovefest as the Uighurs are "acclimated to life on the outside." I'm not sure why this whole slapstick routine leaves me thinking about the harebrained scheme to dump nuclear waste into the Mariana trench.



I think Rick and cathyf can answer it better, but it would last for as long as the difference between the future month and the spot price was greater than the cost of carry. Around September of last year shipping/storage rates dropped off a cliff while the spot price dropped faster than the futures price.

However to justify the current price curve supply and demand have to come back to the equation and demand is still weak and supply is bursting. It would have been useful though to try to make up some gains by missing the $150/bbl target.


JM Hanes

It would be nice if NBC and Brian Williams had a special with Michelle dressed in a sleeveless designer outfit describing the Uighurs new living quarters and apologizing to them in person for the harsh treatment they received from George Bush's America.


Sure Rich, I get that. But what stops Dr. Evil from coming in and buying a Billion current contracts and selling a Billion future contracts and bringing the prices back in line.

The way I understand arbitrage opportunities is that they don't last very long. Especially in this day and age of computer trades.

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