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Tansy_Gold

(17,817 posts)
Wed Aug 28, 2013, 06:44 PM Aug 2013

STOCK MARKET WATCH , Thursday, 29 August 2013

[font size=3]STOCK MARKET WATCH, Thursday, 29 August 2013[font color=black][/font]


SMW for 28 August 2013

AT THE CLOSING BELL ON 28 August 2013
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Dow Jones 14,824.51 +48.38 (0.33%)
S&P 500 1,634.96 +4.48 (0.27%)
Nasdaq 3,593.35 +14.83 (0.41%)


[font color=black]10 Year 2.76% 0.00 (0.00%)
[font color=green]30 Year 3.73% -0.01 (-0.27%) [font color=black]


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[font size=2]Market Conditions During Trading Hours[/font]
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[font size=2]Euro, Yen, Loonie, Silver and Gold[center]

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[font color=black][font size=2]Handy Links - Market Data and News:[/font][/font]
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Economic Calendar
Marketwatch Data
Bloomberg Economic News
Yahoo Finance
Google Finance
Bank Tracker
Credit Union Tracker
Daily Job Cuts
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[font color=black][font size=2]Handy Links - Essential Reading:[/font][/font]
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Matt Taibi: Secret and Lies of the Bailout


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[font color=black][font size=2]Handy Links - Government Issues:[/font][/font]
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LegitGov
Open Government
Earmark Database
USA spending.gov
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[font color=red]Partial List of Financial Sector Officials Convicted since 1/20/09 [/font][font color=red]
2/2/12 David Higgs and Salmaan Siddiqui, Credit Suisse, plead guilty to conspiracy involving valuation of MBS
3/6/12 Allen Stanford, former Caribbean billionaire and general schmuck, convicted on 13 of 14 counts in $2.2B Ponzi scheme, faces 20+ years in prison
6/4/12 Matthew Kluger, lawyer, sentenced to 12 years in prison, along with co-conspirator stock trader Garrett Bauer (9 years) and co-conspirator Kenneth Robinson (not yet sentenced) for 17 year insider trading scheme.
6/14/12 Allen Stanford sentenced to 110 years without parole.
6/15/12 Rajat Gupta, former Goldman Sachs director, found guilty of insider trading. Could face a decade in prison when sentenced later this year.
6/22/12 Timothy S. Durham, 49, former CEO of Fair Financial Company, convicted of one count conspiracy to commit wire and securities fraud, 10 counts of wire fraud, and one count of securities fraud.
6/22/12 James F. Cochran, 56, former chairman of the board of Fair, convicted of one count of conspiracy to commit wire and securities fraud, one count of securities fraud, and six counts of wire fraud.
6/22/12 Rick D. Snow, 48, former CFO of Fair, convicted of one count of conspiracy to commit wire and securities fraud, one count of securities fraud, and three counts of wire fraud.
7/13/12 Russell Wassendorf Sr., CEO of collapsed brokerage firm Peregrine Financial Group Inc. arrested and charged with lying to regulators after admitting to authorities he embezzled "millions of dollars" and forged bank statements for "nearly twenty years."
8/22/12 Doug Whitman, Whitman Capital LLC hedge fund founder, convicted of insider trading following a trial in which he spent more than two days on the stand telling jurors he was innocent
10/26/12 UPDATE: Former Goldman Sachs director Rajat Gupta sentenced to two years in federal prison. He will, of course, appeal. . .
11/20/12 Hedge fund manager Matthew Martoma charged with insider trading at SAC Capital Advisors, and prosecutors are looking at Martoma's boss, Steven Cohen, for possible involvement.
02/14/13 Gilbert Lopez, former chief accounting officer of Stanford Financial Group, and former controller Mark Kuhrt sentenced to 20 yrs in prison for their roles in Allen Sanford's $7.2 billion Ponzi scheme.
03/29/13 Michael Sternberg, portfolio mgr at SAC Capital, arrested in NYC, charged with conspiracy and securities fraud. Pled not guilty and freed on $3m bail.
04/04/13 Matthew Marshall Taylor,fmr Goldman Sachs trader arrested, charged by CFTC w/defrauding his employer on $8BN futures bet "by intentionally concealing the true huge size, as well as the risk and potential profits or losses associated."
04/04/13 Matthew Taylor admits guilt, makes plea bargain. Sentencing set for 26 June; faces up to 20 years in prison but will likely only see 3-4 years. Says, "I am truly sorry."
04/11/13 Ex-KPMG LLP partner Scott London charged by federal prosecutors w/passing inside tips to a friend in exchange for cash, jewelry, and concert tickets; expected to plead guilty in May.
08/01/13 Fabrice Tourré convicted on six counts of security fraud, including "aiding and abetting" his former employer, Goldman Sachs
08/14/13 Javier Martin-Artajo and Julien Grout charged with wire fraud, falsifying records, and conspiracy in connection with JP Morgan's "London Whale" trade.
08/19/13 Phillip A. Falcone, manager of hedge fund Harbinger Capital Partners, agrees to admit to "wrongdoing" in market manipulation. Will banned from securities industry for 5 years and pay $18MM in disgorgement and fines.








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[font size=3][font color=red]This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.[/font][/font][/font color=red][font color=black]


34 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
STOCK MARKET WATCH , Thursday, 29 August 2013 (Original Post) Tansy_Gold Aug 2013 OP
And what does the Democdratic Memorial look like? Demeter Aug 2013 #1
I have a dream that . . . tclambert Aug 2013 #2
Hey! Ask me about my dream. Hotler Aug 2013 #3
Lay off.... AnneD Aug 2013 #20
Does Mrs. Basil know? westerebus Aug 2013 #24
He's so devine..... AnneD Aug 2013 #33
Badda-bing!! westerebus Aug 2013 #34
The Number Of Jobless Germans Unexpectedly Jumped In August xchrom Aug 2013 #4
A Force 10x Bigger Than Syria Is Driving Oil Prices Higher xchrom Aug 2013 #5
Here's What To Make Of All The Ugly Housing Data xchrom Aug 2013 #6
We Have A Long Way To Go Before MLK's Dream Is Realized [CHARTS] xchrom Aug 2013 #7
India rupee bounces from record low, PM may address parliament on economy xchrom Aug 2013 #8
Central banks assuring markets with low rates guidance: ECB's Nowotny xchrom Aug 2013 #9
U.S. foreclosures fall in July from year ago: CoreLogic xchrom Aug 2013 #10
Farm income poised for record in 2013: USDA xchrom Aug 2013 #11
Regulators to fine JPMorgan $80 million over consumer dealings: NYT xchrom Aug 2013 #12
Euro zone, IMF to press Greece for foreign agency to sell assets xchrom Aug 2013 #13
I got a bad feeling about this...how is this different from extortion? Demeter Aug 2013 #17
If it were up to the greeks... AnneD Aug 2013 #21
The Greeks had a chance golfguru Aug 2013 #30
Economy in U.S. Expanded More Than Forecast in Second Quarter xchrom Aug 2013 #14
Xchrom, did you see this? Looks tasty Hotler Aug 2013 #15
Looks similar to an Eggplant Lasagna I made a couple of weeks ago. Fuddnik Aug 2013 #16
"Eggplant Lasagna", hell yes. Mom used to make that........ Hotler Aug 2013 #26
ETA News Release: Unemployment Insurance Weekly Claims Report (08/29/2013) mahatmakanejeeves Aug 2013 #18
My peaches are turning red and gold Demeter Aug 2013 #19
Yum peaches! DemReadingDU Aug 2013 #23
COBBLER! COBLER! mmmmmmm and Hotler Aug 2013 #28
I love peaches... AnneD Aug 2013 #32
Obama Promises Syria Strike Will Have No Objective by Andy Borowitz "SATIRE" IN NAME ONLY Demeter Aug 2013 #22
Borowitz and the Onion are getting more real by the day. Fuddnik Aug 2013 #25
BRAVO! BRAVO Mr. President, Hotler Aug 2013 #27
..... Hotler Aug 2013 #29
good find, thanks DemReadingDU Aug 2013 #31

tclambert

(11,080 posts)
2. I have a dream that . . .
Wed Aug 28, 2013, 09:03 PM
Aug 2013

I will wake up.

But, will I actually wake up, or will I dream that I woke up? How can you know?

AnneD

(15,774 posts)
20. Lay off....
Thu Aug 29, 2013, 01:56 PM
Aug 2013

the hopium.

Frankly, I credit my use of Holy Basil with helping me keep my sanity. Otherwise I would be stuck trying to figure out where to bury all the bodies.

xchrom

(108,903 posts)
4. The Number Of Jobless Germans Unexpectedly Jumped In August
Thu Aug 29, 2013, 06:33 AM
Aug 2013
http://www.businessinsider.com/german-unemployment-2013-8

BERLIN (Reuters) - Slightly more people were out of a job in Germany in August than a month earlier but the unemployment rate remained near its lowest level since Germany reunited more than two decades ago, data showed on Thursday.
Joblessness rose by some 7,000 to 2.943 million in seasonally adjusted terms in August, the Labour Office data showed.

That compared with the consensus forecast in a Reuters poll of 22 economists for a drop of 5,000. The jobless rate stayed close to a post-reunification low at 6.8 percent.



Read more: http://www.businessinsider.com/german-unemployment-2013-8#ixzz2dLwrUoQJ

xchrom

(108,903 posts)
5. A Force 10x Bigger Than Syria Is Driving Oil Prices Higher
Thu Aug 29, 2013, 06:35 AM
Aug 2013
http://www.businessinsider.com/libya-driving-oil-prices-higher-2013-8

***SNIP

Arguably the biggest of those non-Syria forces is Libya.

Deutsche Bank's Jim Reid reminds us in his Early Morning Reid note:

Although the attention has been on Syria, our commodities research team highlights that the freefall in Libyan oil production is having a more dramatic and immediate impact on the physical oil market. Indeed, Libya normally produces about 10x more oil than Syria. Libyan oil production has dropped to as little as about 200kbd (from an average of 1.4m bbb/day) as of the most recent reporting period as labour strikes disrupted port operations and consequently crude oil exports. They note that the impact of these supply disruptions particularly in Libya is acute for the Brent balance from both a regional as well as crude oil quality perspective.



Read more: http://www.businessinsider.com/libya-driving-oil-prices-higher-2013-8#ixzz2dLxQ66Sz

xchrom

(108,903 posts)
6. Here's What To Make Of All The Ugly Housing Data
Thu Aug 29, 2013, 06:55 AM
Aug 2013
http://www.businessinsider.com/housing-market-data-is-softening-2013-8



***SNIP

Worries really piqued in the wake of Friday's awful new home sales report. Here's UBS's Sam Coffin with the recap:

The new home sales report for July was very weak, not only because of a 13.4% decline to 394k annual rate in July (cons 487k, UBSe 500k) but also because of downward revisions to the prior three months. June was revised to 455k from 497k; May was cut to 439k from 459k; and April was trimmed to 446k from 453k.

That softness is at odds with increased builder confidence and with households’ positive assessments of homebuying conditions It also seems out of line with mortgage purchase applications, whose recent softening appears to reflect seasonality. (See charts.) Home price measures certainly do not show soft demand. That said, this was an undeniably weak report and raises the possibility that higher mortgage rates are having a larger effect on sales than we anticipated.

What makes the new home sales report even more interesting is that it's arguably the most up-to-date indicator of housing. Here's Guggenheim Partner's Scott Minerd:

...New home sales are booked when a contract is signed, a key difference from existing home sales, which are booked months later when the deal closes. As such, new home sales are the most current indicator of housing activity. This makes the recent collapse of new home sales exceptionally disturbing. All told, there has been a 20.7 percent decline in new home sales in June and July. We would view any other business that experienced a 20 percent decline in activity over a two month period as in a highly difficult position.



Read more: http://www.businessinsider.com/housing-market-data-is-softening-2013-8#ixzz2dM2N23fg

xchrom

(108,903 posts)
7. We Have A Long Way To Go Before MLK's Dream Is Realized [CHARTS]
Thu Aug 29, 2013, 07:01 AM
Aug 2013
http://www.businessinsider.com/we-still-have-a-long-way-to-go-before-mlks-dream-is-realized-2013-8

***SNIP

When it comes to household income and wealth, the gaps between blacks and whites have only widened over the last half century.



In some areas, such as the poverty line and homeownership rates, we are barely meeting the 1960s status quo.



Poverty peaked for blacks during the 1980s and has significantly decreased over time, however, the poverty rate for blacks is still barely better than it was 50 years ago.

xchrom

(108,903 posts)
8. India rupee bounces from record low, PM may address parliament on economy
Thu Aug 29, 2013, 07:57 AM
Aug 2013
http://uk.reuters.com/article/2013/08/29/uk-india-economy-rupee-idUKBRE97S05K20130829


(Reuters) - The Indian rupee rebounded on Thursday from a record low as the central bank's action to sell dollars to oil companies provided relief for the currency, albeit one seen unlikely to last unless the government acts to shore up a sagging economy.

Policymakers scrambled for solutions to what some economists are now describing as a crisis. These included monetising the country's stash of gold and lowering fuel consumption to reduce import demand.

Prime Minister Manmohan Singh told parliament he was likely to make a statement on the economy on Friday when asked by lawmakers what steps were being considered on the rupee.

Singh's ruling coalition has been under fire to revive an economy growing at its slowest pace in a decade, narrow a record current account deficit, and shore up government finances - a daunting task ahead of general elections due by May.

xchrom

(108,903 posts)
9. Central banks assuring markets with low rates guidance: ECB's Nowotny
Thu Aug 29, 2013, 08:05 AM
Aug 2013
http://www.reuters.com/article/2013/08/29/us-europe-ecb-nowotny-idUSBRE97S0C620130829

(Reuters) - Major central banks' reassurances that interest rates will stay low for some time are giving markets "a certain security", a European Central Bank policymaker said on Thursday.

Another European official, however, warned against complacency and said it was too soon to say the euro zone crisis was over.

Ewald Nowotny, a member of the ECB's Governing Council, said the so-called forward guidance from central banks was here because of weak economic growth and high levels of uncertainty.

"That means the central banks are giving markets a certain security that we will have a low level of interest rates for the foreseeable future, no rise but rather steady or lower," he told a panel discussion at an economic conference in Austria.

xchrom

(108,903 posts)
10. U.S. foreclosures fall in July from year ago: CoreLogic
Thu Aug 29, 2013, 08:08 AM
Aug 2013
http://www.reuters.com/article/2013/08/29/us-usa-housing-corelogic-idUSBRE97S0IP20130829

(Reuters) - There were fewer U.S. foreclosures in July than a year ago, while properties in the foreclosure pipeline also fell as the housing market continued to improve, according to data from CoreLogic released on Thursday.

There were 49,000 completed foreclosures last month, down from a 65,000 in July of last year, CoreLogic Inc (CLGX.N) said. There were 53,000 foreclosures in June, down from an originally reported 55,000.

Before the housing market's downturn in 2007, completed foreclosures averaged 21,000 per month between 2000 and 2006. Since the financial crisis began in September 2008, there have been about 4.5 million foreclosures.

Foreclosures are completed when a home is either seized by the lender or sold at auction.

xchrom

(108,903 posts)
11. Farm income poised for record in 2013: USDA
Thu Aug 29, 2013, 08:11 AM
Aug 2013
http://www.reuters.com/article/2013/08/27/us-usa-agriculture-income-idUSBRE97Q0UD20130827

(Reuters) - The U.S. agricultural sector will enjoy record high income in 2013 as bin-busting grain harvests in the Midwest more than offset expected lower prices, the Department of Agriculture said on Tuesday.

Net farm income in the United States will reach $120.6 billion this year, up 6 percent from 2012 but down from the $128.2 billion preliminarily forecast in February, mostly reflecting updated forecasts for cash corn receipts.

When adjusted for inflation, net farm income will be the second highest since 1973, USDA said.

In unadjusted terms it will exceed the previous high of $118 billion in 2011; as recently as 2009 net income was just $60.4 billion.

xchrom

(108,903 posts)
12. Regulators to fine JPMorgan $80 million over consumer dealings: NYT
Thu Aug 29, 2013, 08:13 AM
Aug 2013
http://www.reuters.com/article/2013/08/28/us-jpmorgan-fines-idUSBRE97R07020130828

(Reuters) - U.S. federal regulators are preparing to impose a fine of $80 million on JPMorgan Chase & Co (JPM.N) relating to its dealings with retail customers during the recession, the New York Times reported, citing people familiar with the matter.

Under the terms of the civil orders, the bank will have to acknowledge internal flaws, said the paper. (link.reuters.com/jes62v)

The Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau are expected to announce the actions as soon as next month, the paper said.

The regulators are investigating reports that the bank sold an identity-theft protection with false promises to credit card customers through a third-party vendor, the paper reported.

xchrom

(108,903 posts)
13. Euro zone, IMF to press Greece for foreign agency to sell assets
Thu Aug 29, 2013, 08:16 AM
Aug 2013
http://www.reuters.com/article/2013/08/29/us-eurozone-greece-privatisation-idUSBRE97S0EJ20130829

(Reuters) - Greece's international lenders will press Athens next month to transfer state-owned real estate to a holding company managed by the euro zone to spur flagging privatization efforts, officials said on Thursday.

The plan, to be put to the Greek government by the troika of lenders - the IMF, the European Central Bank and the European Commission - in September, will propose creating a Greek-owned holding company outside Greece and run by foreign experts.

The plan, first suggested two years ago, reflects growing frustration with Greece, which will probably need further aid and has made scant progress in reforming its public sector and selling assets.

Acting as a warehouse for property, it would seek to overcome Greek bureaucracy that has undermined the privatization program, agreed as part of a 240-billion-euro ($320-billion) rescue. It will also ensure that the money raised will help pay off Greece's debt.
 

Demeter

(85,373 posts)
17. I got a bad feeling about this...how is this different from extortion?
Thu Aug 29, 2013, 10:18 AM
Aug 2013

I don't think you can foreclose on a nation. Legally.

The Greeks would be fools to go along with this scheme.

AnneD

(15,774 posts)
21. If it were up to the greeks...
Thu Aug 29, 2013, 01:59 PM
Aug 2013

they wouldn't. But their leaders have sold them out....sound familiar?

xchrom

(108,903 posts)
14. Economy in U.S. Expanded More Than Forecast in Second Quarter
Thu Aug 29, 2013, 08:40 AM
Aug 2013
http://www.bloomberg.com/news/2013-08-29/economy-in-u-s-expanded-more-than-forecast-in-second-quarter.html

The U.S. economy expanded at a faster pace in the second quarter as a smaller trade deficit and gains in inventories overshadowed the effects of federal budget cutbacks.

Gross domestic product rose at a 2.5 percent annualized rate, up from an initial estimate of 1.7 percent, Commerce Department figures showed today in Washington. The median forecast of 79 economists surveyed by Bloomberg projected a 2.2 percent gain.

The improvement is consistent with projections that the U.S. has been able to weather the fallout of government budget cuts and higher taxes and is poised to pick up once those restraints fade. Gains in employment and home prices that are shoring up confidence signal households will sustain spending, the biggest part of the economy.

“We will get stronger growth in the second half,” Sam Coffin, an economist at UBS Securities LLC in Stamford, Connecticut, said before the report. UBS is the top forecaster of GDP in the past two years, according to data compiled by Bloomberg. “Household spending growth is helping the economy. The drag from the government sector is going to be out of the way.”

Hotler

(11,354 posts)
26. "Eggplant Lasagna", hell yes. Mom used to make that........
Thu Aug 29, 2013, 10:48 PM
Aug 2013

and fry it up just like green tomato's.

mahatmakanejeeves

(56,909 posts)
18. ETA News Release: Unemployment Insurance Weekly Claims Report (08/29/2013)
Thu Aug 29, 2013, 12:42 PM
Aug 2013

ETA News Release: Unemployment Insurance Weekly Claims Report (08/29/2013)

Source: Department of Labor, Employment and Training Administration

Read More: http://www.dol.gov/opa/media/press/eta/ui/eta20131764.htm

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending August 24, the advance figure for seasonally adjusted initial claims was 331,000, a decrease of 6,000 from the previous week's revised figure of 337,000. The 4-week moving average was 331,250, an increase of 750 from the previous week's unrevised average of 330,500.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending August 17, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 17 was 2,989,000, a decrease of 14,000 from the preceding week's revised level of 3,003,000. The 4-week moving average was 2,996,250, an increase of 9,500 from the preceding week's revised average of 2,986,750.

UNADJUSTED DATA
....

The total number of people claiming benefits in all programs for the week ending August 10 was 4,467,574, an increase of 28,918 from the previous week. There were 5,530,828 persons claiming benefits in all programs in the comparable week in 2012.
....

The largest increases in initial claims for the week ending August 17 were in California (+5,867), Missouri (+1,757), New Jersey (+677), Kansas (+460), and New York (+445), while the largest decreases were in North Carolina (-1,017), Pennsylvania (-899), Maryland (-722), Washington (-720), and Florida (-601).

== == == ==

Good morning, Freepers and DUers alike. I ask you to put aside your differences long enough to read this post. Following that, you can engage in your usual donnybrook.

I have been posting the number every week for at least a year. I seriously do not care if the week's data make Obama look good. They are just numbers, and I post them without regard to the consequences. I welcome people from Free Republic to examine the numbers as well. They paid for the work just as much as members of DU did, so I invite them to come on over and have a look. "The more the merrier" is the way I look at it.

I do not work at the ETA, and I do not know anyone working in that agency. I'm sure I can safely assume that the numbers are gathered and analyzed by career civil servant economists who do their work on a nonpartisan basis. Numbers are numbers, and let the chips fall where they may. If you feel that these economists are falling down on the job, drop them a line or give them a call. They work for you, not for any politician or political party.

The word "initial" is important. The report does not count all claims, just the new ones filed this week.

Note: The seasonal adjustment factors used for the UI Weekly Claims data from 2007 forward, along with the resulting seasonally adjusted values for initial claims and continuing claims, have been revised. These revised historical values, as well as the seasonal adjustment factors that will be used through calendar year 2012, can be accessed at the bottom of the following link: http://www.oui.doleta.gov/press/2012/032912.asp

 

Demeter

(85,373 posts)
19. My peaches are turning red and gold
Thu Aug 29, 2013, 01:43 PM
Aug 2013

They are still hard as rocks, though. My experts say to check them daily, as it happens all at once, and then they rot.

It's so exciting! Nearly as much as giving birth!

DemReadingDU

(16,000 posts)
23. Yum peaches!
Thu Aug 29, 2013, 03:08 PM
Aug 2013

I'm heading to my neighbor who has a bumper crop of raspberries that need to be picked!

Hotler

(11,354 posts)
28. COBBLER! COBLER! mmmmmmm and
Thu Aug 29, 2013, 11:09 PM
Aug 2013

more cobbler ooo ooo more cobbler this time with ice cream instead of half&half.

AnneD

(15,774 posts)
32. I love peaches...
Fri Aug 30, 2013, 08:50 AM
Aug 2013

It has been to dry so the peach crop has been poor. I am allergic to the peach skin so I have to peel them with gloves in order to eat them fresh and I cannot eat them dried unless they were peeled, but I can the heck out of them. Crisps, cobbblers, jams...I am pea green with envy.

 

Demeter

(85,373 posts)
22. Obama Promises Syria Strike Will Have No Objective by Andy Borowitz "SATIRE" IN NAME ONLY
Thu Aug 29, 2013, 02:14 PM
Aug 2013
http://www.newyorker.com/online/blogs/borowitzreport/2013/08/obama-promises-syria-strike-will-have-no-objective.html?mbid=nl_Borowitz%20%28160%29

Attempting to quell criticism of his proposal for a limited military mission in Syria, President Obama floated a more modest strategy today, saying that any U.S. action in Syria would have “no objective whatsoever.”

“Let me be clear,” he said in an interview on CNN. “Our goal will not be to effect régime change, or alter the balance of power in Syria, or bring the civil war there to an end. We will simply do something random there for one or two days and then leave.”

“I want to reassure our allies and the people of Syria that what we are about to undertake, if we undertake it at all, will have no purpose or goal,” he said. “This is consistent with U.S. foreign policy of the past.”

While Mr. Obama clearly hoped that his proposal of a brief and pointless intervention in Syria would reassure the international community, it immediately drew howls of protest from U.S. allies, who argued that two days was too open-ended a timeframe for such a mission. That criticism led White House spokesman Jay Carney to brief reporters later in the day, arguing that the President was willing to scale down the U.S. mission to “twenty-four hours, thirty-six tops.”

“It may take twenty-four hours, but it could also take twelve,” Mr. Carney said.

“Maybe we get in there, take a look around, and get out right away. But however long it takes, one thing will not change: this mission will have no point. The President is resolute about that.”

Hotler

(11,354 posts)
27. BRAVO! BRAVO Mr. President,
Thu Aug 29, 2013, 11:00 PM
Aug 2013

you now have put more focus and energy into Syria than you did for the crimes by Wall St. BRAVO!

Hotler

(11,354 posts)
29. .....
Thu Aug 29, 2013, 11:37 PM
Aug 2013

"We will simply do something random there for one or two days and then leave.” ...........

WOW! NECONS still pulling strungs????? Isn't Cheney's pipeline susposed to run through Syria?????

What was this agenda? It was, in essence, that the United States should use its military supremacy to establish an empire that includes the whole world--a global Pax Americana. Three major means to this end were suggested. One of these was to make U.S. military supremacy over other nations even greater, so that it would be completely beyond challenge. This goal was to be achieved by increasing the money devoted to military purposes, then using this money to complete the “revolution in military affairs” made possible by the emergence of the information age. The second major way to achieve a global Pax Americana was to announce and implement a doctrine of preventive-preemptive war, usually for the sake of bringing about “regime change” in countries regarded as hostile to U.S. interests and values. The third means toward the goal of universal empire was to use this new doctrine to gain control of the world’s oil, especially in the Middle East, most immediately Iraq

http://www.informationclearinghouse.info/article17194.htm

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