Food Blogger Camp 2011
1 day ago
Federal immigration agents were searching a house in Ohio last month when they found a young Honduran woman nursing her baby.National security risk. Yeah, the Bush administration is so good at sorting out national security risks. Read More......
The woman, SaĆda Umanzor, is an illegal immigrant and was taken to jail to await deportation. Her 9-month-old daughter, Brittney Bejarano, who was born in the United States and is a citizen, was put in the care of social workers.
The decision to separate a mother from her breast-feeding child drew strong denunciations from Hispanic and women’s health groups. Last week, the Immigration and Customs Enforcement agency rushed to issue new guidelines on the detention of nursing mothers, allowing them to be released unless they pose a national security risk.
Pay attention as you watch the catchy new music video from the mega-star rapster Jay-Z, "Blue Magic", and see if you can't spot the product placement. It is not a fancy car that he is endorsing – although both his rides, a Rolls- Royce and soft-top Bentley, are plenty spiffy – but rather a currency – and it is not the dollar.And Bloomberg shows that the dollar dumping is even wider:
Like so many in the hip-hop genre, the song is a celebration of ostentatious wealth. But capturing the attention of commentators in this clip, shot in the glimmering, neon-lit canyons of New York City, are the repeated glimpses of flickering wads of €500 notes. Jay-Z has thus performed a currency defection: the dollar is not just down, it is out. The euro is the new bling.
Kuwait, freed by the U.S. from Saddam Hussein's army in 1991, unhinged its currency from the dollar in May, and pressure is building for Gulf Arab neighbors to follow suit. Qatar's prime minister, Sheikh Hamad bin Jasim bin Jaber al-Thani, complained Nov. 11 that the dollar's drop is cutting oil and gas income, leaving less to invest abroad. The United Arab Emirates may drop the dirham's peg to the dollar, analysts said.I took a few classes in international economics in grad school, and did well, but still, the issue of the dollar and its effects on the economy confuses the hell out of me at times, and none of these articles make it any clearer. I get how interest rates affect the dollar exchange (higher interest rates mean you get a higher return when you buy dollars, which increases demand for dollars which increases the dollar exchange rate). What I don't get is this line from the Bloomberg piece:
The central bank in Iraq, a country the U.S. military has occupied since 2003, last month said it, too, wants to diversify reserves away from mostly dollars.
Korean Shipbuilders
Korea's central bank this week urged shipbuilders to issue invoices in won, the Korean currency, and take out more hedging policies to guard against a weakened dollar.
Ultimately, if the dollar's swoon depresses U.S. stocks or threatens global growth, Group of Seven major industrial nations may have to do more than issue communiquƩs.How does a weak dollar affect US stocks or global growth? I.e., what's the tie between the dollar exchange rate and a real impact on the US and/or world economy other than people making more or less money by investing in dollars?
ABC's "This Week" — Former Sen. Fred Thompson, R-Tenn.Michael Vick? Why is anyone giving a platform to dog abuser Michael Vick? Read More......
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CBS' "Face the Nation" — Former Sen. John Edwards, D-N.C.
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NBC's "Meet the Press" — A 60-year anniversary retrospective of the show.
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CNN's "Late Edition" — Former Pakistani Prime Minister Benazir Bhutto; Japanese Prime Minister Yasuo Fukuda; Edwards.
"Fox News Sunday" _ Former Gov. Mike Huckabee, R-Ark.; Billy Martin, attorney for Sen. Larry Craig, R-Idaho, and NFL quarterback Michael Vick.
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