Wednesday Afternoon News Roundup

Posted on: September 21st, 2011 by ecthompson md No Comments

Troy Davis is scheduled for execution later on today. His final appeal has been denied. In my opinion, the question is whether justice be served by executing Troy Davis. Will we be safer?

If you are seen in the company of extremists, does that make you out of the mainstream? Who's that with Rick Perry? (By the way, I do not play the game of guilty by association. I think the game is wrong and dangerous.)

American hikers who have been jailed for espionage (being stupid beyond belief) have been released from an Iranian jail. Look for them to be hitting all the media outlets by tomorrow morning or late tomorrow afternoon at the latest.

Reports are circulating that the Hewlett-Packard board may be looking to boot out the CEO.

The Fed's instituting Operation Twist seems to have stocks falling. I'm guessing that investors are not believing in the wisdom of the Fed.

Existing home sales rose in August. This looks like speculators taking advantage of a depressed market rather than homeowners buying houses. If we immediately stop construction on all new homes, we still have an eight months' supply of empty, unoccupied houses.

Former first Lieutenant Dan Choi who was an outspoken critic of don't ask, don't tell was one of the first to reenlist once this awfully destructive law was repealed. Now this is patriotism.

Bank of America, Wells Fargo and Citigroup have all been downgraded by Moody's. Over the next few days, we should figure out what this means. I don't see how this can be good for the average American.

Finally, several Republican members of Congress have written Fed Chair Ben Bernanke and have basically asked him not to help the economy. Really? How does this help Main Street? Politicians are always talking about helping Main Street. One of these guys can step up and at least propose something that's going to help – MainStreet.

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