The state of Louisiana health is good.At least sort of.We will know more today as Governor Jindal discusses this afternoon, the Nucor deal, now in the works. Meanwhile, the Mississippi River is still closed in New Orleans due to the more oil spillage from the crash last week.
Health is becoming more of legislative issues as more states are considering banning fast food restaurants and fatty foods and Barney Frank wants to reform the laws on pot. Also, San Francisco is banning the sale of tobacco sales in drug stores.
Meanwhile, thre is no ban on wacky politics or "potty" news.Jerry Lewis stopped carrying a gun?Louisiana losing jobs to China?
In the area of New Orleans politics, today, Civil Clerk of Court, Dale Atkins will be weighing in on the 2008 District Attorney’s race.She was a 2002 contender against Eddie Jordan and was very helpful in electing Governor Kathleen Blanco.Will she be making an endorsement?Speaking of:Judge Leon Cannizzaro won the endorsement of the Alliance for Good Government to be the next District Attorney of Orleans Parish after a forum Tuesday evening.
Ohhh,, almost forgot, standby for a "fire sale" Everything must go at basement prices............ Perhaps they will put Mt. Rushmore up on the auction block... Should be interesting........................ Written by
on 7/30/2008
REPORT SPAM OR ABUSE
Bush signs housing bill as Fannie Mae grows......... By Jeremy Pelofsky.........
36 minutes ago......... WASHINGTON (Reuters) - U.S. President George W. Bush on Wednesday signed into law a sweeping rescue package aimed at resurrecting the housing market from its worst slump since the Great Depression and stabilizing the two largest mortgage finance companies........ The new law launches a $300 billion government initiative to refinance troubled mortgages, and boosts oversight of Fannie Mae and Freddie Mac, which own or guarantee almost half the country's $12 trillion in home mortgage debt....... It expands a line of U.S. Treasury credit for the companies, and gives the government the option to take equity stakes if they ran into trouble.*************************** O.K. folks, there is the clencher, "equity stakes" mind you, we already have a 300 + billion deficit for this year of operations.......... Anddddddddddddddddd..... We are already into the 2nd half of the year, books close in November for carry overs starting 2009 off deeply in the red....... With yet more savings institutions on the horizon for failure, and no end to mortage foreclosure insight in near time terms...... Sooooooooooo.................... But that is the rest of the story which I will let out little by little as time passes........
Written by
on 7/30/2008
REPORT SPAM OR ABUSE
Oil Price at $90 Is Enough to Save Global Economy:.... Matthew Lynn.....Commentary by Matthew Lynn *************************** Ahhhhhh,,, But I am still sticking with my muse a few months back when I specualted oil at + or - $70 sometime around Oct. I may be off a few months, and by a couple dollars, can't remember the exact figure I speculated on, need to look it, ehhhh, I don't care, I am hedging for a short call anyways, sort of like the windfall with Bear Stearns (Thanks Unka Sam, that windfall was GREAT!!!!!!!)..... Anyways, market calls, 2000, watch wheat, and corn closely 50% drop, with soybeans at 35% drop....... Rice up 80% to make up for market calls in Summer of 1990..... Gasoline April, 2009, $2.68 to $3.05 a gallon.........
Written by
on 7/30/2008
REPORT SPAM OR ABUSE
Tourism rises globally, but not to U.S. ,,,,,, By Howard LaFranchi
Tue Jul 29, 4:00 AM ET. .... Washington - A recent headline in The Guardian of London – "America – more hassle than it's worth?" – underscores a stubborn global view that the United States is not an easy or a desirable place to visit.....
It's a perception reflected in the numbers. The world's long-haul international travelers have jumped by 35 million since 2000, yet America has been largely overlooked by those new travelers, despite favorable exchange rates resulting from a weak dollar and attractions like Disney World and the Grand Canyon. In fact, the annual number of foreign visitors to the US is about 2 million lower than in 2000, leading travel-industry experts to figure that from 2000 to 2007, the US economy took a hit of about $150 billion.................................. 555 ****** And New Orleans wants to expand on WHAT? kind of industry?????? Oh yeah, Tourism......
Written by
on 7/30/2008
REPORT SPAM OR ABUSE
Zimbabwe drops 10 zeros from inflated currency.... By ANGUS SHAW,... Associated Press Writer........1 minute ago..... HARARE, Zimbabwe - Zimbabwe announced Wednesday that it is knocking 10 zeros off its hyper-inflated currency — a move that turns 10 billion dollars into one./Central Bank Gov. Gideon Gono announced he was dropping 10 zeros from Zimbabwe's currency, effective Friday. The move comes a week after the issue of a 100 billion-dollar note — still not enough to buy a loaf of bread.... Gono said the new money would be launched with 500-dollar bills. He also said he was reintroducing coins, which have been obsolete for years, and told people to dig out their old ones./Economist John Robertson said the new bills would soon be worthless since the rate of inflation continues to skyrocket. What costs $1 at the beginning of the month can cost $20 by month's end, he said./"This is attending only to the symptoms of the problem. The real problem is the scarcity of everything driving up the prices. ... The government has not only caused the scarcities but damaged our ability to fix the problem.".... At the root, he said, is the damage to the farming sector, along with government raids on the state pension fund and foreign currency bank accounts of businesses.
Written by
on 7/30/2008
REPORT SPAM OR ABUSE
