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Monday Night’s News Roundup

From PA (I inserted some good stuff, I couldn’t help myself):

  • Libya: “Col. Muammar el-Qaddafi remained at large Monday, and loyalist forces still held pockets of the city, stubbornly resisting the rebels’ efforts to establish full control, but there was little doubt that the Libyan leader’s four-decade grip on power was ending.”
  • The Gaddafi regime is collapsing sooner than anticipated, forcing Western countries to scramble to put together post-conflict plans for Libya.
  • Egyptian/Israeli tensions reach their highest point in three decades: “Diplomats scrambled to avert a crisis in relations between Egypt and Israel on Saturday, and the Israeli government issued a rare statement of regret for the killing of three Egyptian security officers by an Israeli warplane.”
  • Iran: “Two American hikers imprisoned in Iran for more than two years have been convicted of espionage and sentenced to eight years in jail, according to a news reports.”
  • The world probably didn’t need an easier way to enrich uranium, but General Electric has developed a successful new laser-enrichment technique.
  • President Richard M. Nixon started a radical program to control inflation on this date in 1971. Wage and price freeze. It sort of worked.
  • The Keystone XL pipeline, which would “carry diluted bitumen — an acidic crude oil — from Canada’s Alberta tar sands to the Texas Gulf Coast,” is generating controversy.
  • Juan Cole has an interesting item noting the “top 10 myths” about the war in Libya.
  • A long-awaited memorial honoring the Rev. Martin Luther King Jr.opened to the public today, near the Washington Mall.
  • Not suspicious at all: “The e-mail accounts of Rick Scott and most of the governor-elect’s transition team were deleted soon after he took office, potentially erasing public records that state law requires be kept.”
  • Rick Perry wrote this very extremist book and now people are saying him about it. It seems that he doesn’t like or believe the ideas in the book which he wrote.
  • This whole economy has me worried.
  • Gas prices look like they are going to fall for the next several months. That’s good news.
  • Something’s wrong with this picture: “[T]he total cost of tuition, room, and board at Amherst College, for instance, is $53,370 a year. Even relatively affluent people can’t easily manage to shell out $53,000 at one time. And so Amherst uses a company called Tuition Management Systems to help make tuition payments more affordable. But TMS charges a 2.99 percent fee for every credit charge transaction. That’s $1,595 a year.”

HP just killed the TouchPad and WebOS

  • For those who believe that business always gets things right, I present to you HP’s touchpad. HP had the pad market and did little if anything with it for years. They bought Compaq and Palm several years ago and Compaq had those little devices that were almost useful. The iPad comes out of nowhere. Apple kicks everyone’s butt. HP retools. They rework the OS and present a flop. I don’t understand how you spend all of that time and effort and come out with garbage. Engadget said it best, “Oh, happy day, when one first receives a device that’s been eagerly anticipated for months. Sad, sad day when that device fails to live up to one’s expectations. We all wanted the TouchPad to really compete, to give us a compelling third party to join the iOS and Android boxes on the ballot. But, alas, this isn’t quite it.”
By |2011-08-22T23:37:46-04:00August 22nd, 2011|Domestic Issues, Foreign Affairs, Iran, Israel|3 Comments

What's Going On: Evening News Roundup

Here’s the Tuesday night news roundup:

  • Did you see the Dallas Cowboys vs.Philadelphia Eagles football game last night? It was probably one of the best games that I’ve seen in a long time. If we just look at scoring, it was phenomenal. We had kick-offs returned for touchdowns. We had, not one, but two long bombs for touchdowns. Well, one of them was almost a touchdown. The Philadelphia receiver dropped the ball prior to entering the end zone as he went into his celebration. Moron. Tony Romo and Donovan McNabb were almost flawless. Interestingly, both quarterbacks make crucial mistakes. Romo fumbled in the end zone, giving Philadelphia a touchdown. McNabb botched a hand-off, giving Dallas crucial momentum in the fourth quarter. Still, it was a great game.
  • The Texas Gulf Coast is in a world of hurt. Reports out of Houston and Galveston show that the power grid was devastated in some areas. Power may not be restored for weeks, possibly months.
  • The Federal Reserve tried to broker a deal over the weekend for Lehman Brothers but refused to put up taxpayer money to bail them out. Well, it looks like the piggy bank is open again as the Fed appears to be trying to bail out AIG for a jaw-dropping $85 billion. OMG! If you are counting, this brings our total bailout costs to around $485 billion. (Just in case you didn’t notice Goldman Sachs is sucking wind also.)
  • Republican nominee John McCain is using a standard line to explain this financial meltdown. If you remember back to 2001 and 2002 when Enron and Tyco were imploding, the Bush administration did not think that stricter regulations were needed but that the situation was the result of a few rogue CEOs. McCain is back selling us the same line.
  • The Federal Reserve chose not to change the prime lending rate. Stock prices seem to stabilize today as oil prices continue to fall under $100 per barrel. Also, the consumer price index decreased in August, easing fears of inflation.
  • On a lighter note, everybody needs to go stand in line NOW! Las Vegas singer Tom Jones is releasing his first album in 15 years. It goes on sale on November 25.
By |2008-09-16T22:21:40-04:00September 16th, 2008|Domestic Issues, Economy, Election 2008, Environment|Comments Off on What's Going On: Evening News Roundup
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