The Cheney Observer - BE AFRAID. BE VERY AFRAID.
Crist, McCain veep possibility, to wed
by John Kennedy
Florida's best-known bachelor, Gov. Charlie Crist, is getting married.
Crist on Thursday popped the question to his girlfriend of nine months, New York socialite Carole Rome, presenting her with a blue sapphire and diamond ring in his gulf-side condo in St. Petersburg.
"I'm very happy," Crist said Thursday evening. "I had a nice ring. It was very romantic. And she said `yes.'
No date has been set for the wedding. But Crist said the fall was the likely time -- in St. Petersburg, where he is a member of a Methodist church. A reception will probably also be held in Tallahassee, he said.
http://weblogs.baltimoresun.com/news/politics/blog/2008/07/oftmentioned_mccain_veep_to_we.html
Op-Ed Columnist
Rove’s Third Term
By PAUL KRUGMAN
Published: July 4, 2008
Al Gore never claimed that he invented the Internet. Howard Dean didn’t scream. Hillary Clinton didn’t say she was staying in the race because Barack Obama might be assassinated. And Wesley Clark didn’t impugn John McCain’s military service.
Scott McClellan, the former White House press secretary, titled his tell-all memoir “What Happened.” But a true account of modern American politics should be titled “What Didn’t Happen.” Again and again we’ve had media firestorms over supposedly revealing incidents that never actually took place.
The latest fake scandal fit the usual pattern as an awkwardly phrased remark, lifted out of context and willfully misinterpreted, exploded across the airwaves.
http://www.nytimes.com/2008/07/04/opinion/04krugman.html
Sen. Jesse Helms Dead at 86
Polarizing North Carolina Lawmaker Was Known as "Senator No"
By ANDREA CANNING
July 4, 2008
Sen. Jesse Helms of North Carolina, an ideological firebrand with a reputation as one of the Senate's most conservative lawmakers, died early this morning of natural causes in Raleigh. He was 86.
http://abcnews.go.com/US/story?id=5309543&page=1
Thomson Financial News
Euroshares falter midday on thin newsflow; U.S. closed for Independence Day
07.04.08, 9:24 AM ET
LONDON (Thomson Financial) - Europe's leading exchanges remained lower midday with little in the way of news to drive investor interest and with the US markets closed for the Independence day holiday.
At 12:49 p.m., the DJ STOXX 50 was down 25.52 points, or 0.91 percent, at 2848.19 and the DJ STOXX 600 was 2.17 points, or 0.7 percent, lower at 280.95. The auto sector was one of only a few sectors in positive territory as crude prices took a breather after reaching new, all-time highs overnight.
Renault added 1.07 percent and Daimler added 0.39 percent as New York's main oil contract, light sweet crude for August delivery, shed one dollar to $144.29.
http://www.forbes.com/afxnewslimited/feeds/afx/2008/07/04/afx5184299.html
European banks need to raise up to $141 billion: Goldman
(Reuters) - Goldman Sachs said the European banks sector needs to raise about 60 billion to 90 billion euros ($94 to $141 billion), or withhold one year of dividends, to reach an aggregate Tier I ratio of 9 percent -- a level achieved by European banks that have recapitalized recently.
The bearish comment by the Goldman analysts weighed on European stocks, with the benchmark FTSEurofirst 300 index down 0.43 percent at 1,172.99 points by 5:40 a.m. EDT.
The analysts said they do not expect the mounting writedowns per se to trigger additional capital calls at this point. "Instead, we believe that regulatory pressures and a sharp turn in the European credit cycle are the two main causes for concern for bank investors."
http://www.reuters.com/article/businessNews/idUSBNG18856620080704
EU inquiry deadline for Goldman Sachs buy of German property portfolio Aug
BRUSSELS (Thomson Financial) - The European Commission said the deadline for Goldman Sachs Group Inc.'s real estate fund Whitehall's proposed 787.1 million euro acquisition of North Rhine-Westphalia's residential property company Landesentwicklungsgesellschaft NRW (LEG) is set for August 6.
LEG owns 93,000 flats and is one of Germany's largest property companies.
The portfolio has a volume of 3.4 billion euros, the North Rhine-Westphalian finance ministry said in June.
Of the purchase price, some 473.6 million euros go to state-owned investment vehicle BVG, while the remaining funds go to NRW Bank, which is 64.74 percent owned by the state, and Deutsche Rentenversicherung Westfalen.
The transaction will be reviewed under the EU's simplified merger review procedure, for cases the commission believes do not pose competition concerns.
nina.chestney@thomsonreuters.com nc/rfw
http://www.hemscott.com/news/static/tfn/item.do?newsId=65116001323185
U.S. and Global Capital Markets
Today I will focus on our capital markets – where the United States and the United Kingdom face similar challenges and are pursuing similar approaches. I see our work in three tranches; first and foremost, our number one priority continues to be promoting market stability and limiting the impact on the broader economy as we work through today's institutional and markets stresses. Second, implementing the appropriate policy responses to recent events to address the deficiencies in our markets which the current problems have exposed. Third, improving our overall financial regulatory structure to better prevent and address future turmoil.
http://www.ustreas.gov/press/releases/hp1064.htm
74th Secretary of the Treasury
Henry M. Paulson, Jr. was sworn into office as the Secretary of the Treasury on July 10, 2006. As Treasury Secretary, Paulson is the President's leading policy advisor on a broad range of domestic and international economic issues.
http://www.ustreas.gov/initiatives/sec-corner/
Goldman Sachs Group, Inc.
July 3, 2008 Stock Quote
178.89
Jul 3 - Close
July 21, 2006 Stock Quote
140.10
January 20, 2000 stock quote
81.80
http://finance.google.com/finance?client=ob&q=NYSE:GS
Lehman Brothers Stock Quote
Crist, McCain veep possibility, to wed
by John Kennedy
Florida's best-known bachelor, Gov. Charlie Crist, is getting married.
Crist on Thursday popped the question to his girlfriend of nine months, New York socialite Carole Rome, presenting her with a blue sapphire and diamond ring in his gulf-side condo in St. Petersburg.
"I'm very happy," Crist said Thursday evening. "I had a nice ring. It was very romantic. And she said `yes.'
No date has been set for the wedding. But Crist said the fall was the likely time -- in St. Petersburg, where he is a member of a Methodist church. A reception will probably also be held in Tallahassee, he said.
http://weblogs.baltimoresun.com/news/politics/blog/2008/07/oftmentioned_mccain_veep_to_we.html
Op-Ed Columnist
Rove’s Third Term
By PAUL KRUGMAN
Published: July 4, 2008
Al Gore never claimed that he invented the Internet. Howard Dean didn’t scream. Hillary Clinton didn’t say she was staying in the race because Barack Obama might be assassinated. And Wesley Clark didn’t impugn John McCain’s military service.
Scott McClellan, the former White House press secretary, titled his tell-all memoir “What Happened.” But a true account of modern American politics should be titled “What Didn’t Happen.” Again and again we’ve had media firestorms over supposedly revealing incidents that never actually took place.
The latest fake scandal fit the usual pattern as an awkwardly phrased remark, lifted out of context and willfully misinterpreted, exploded across the airwaves.
http://www.nytimes.com/2008/07/04/opinion/04krugman.html
Sen. Jesse Helms Dead at 86
Polarizing North Carolina Lawmaker Was Known as "Senator No"
By ANDREA CANNING
July 4, 2008
Sen. Jesse Helms of North Carolina, an ideological firebrand with a reputation as one of the Senate's most conservative lawmakers, died early this morning of natural causes in Raleigh. He was 86.
http://abcnews.go.com/US/story?id=5309543&page=1
Thomson Financial News
Euroshares falter midday on thin newsflow; U.S. closed for Independence Day
07.04.08, 9:24 AM ET
LONDON (Thomson Financial) - Europe's leading exchanges remained lower midday with little in the way of news to drive investor interest and with the US markets closed for the Independence day holiday.
At 12:49 p.m., the DJ STOXX 50 was down 25.52 points, or 0.91 percent, at 2848.19 and the DJ STOXX 600 was 2.17 points, or 0.7 percent, lower at 280.95. The auto sector was one of only a few sectors in positive territory as crude prices took a breather after reaching new, all-time highs overnight.
Renault added 1.07 percent and Daimler added 0.39 percent as New York's main oil contract, light sweet crude for August delivery, shed one dollar to $144.29.
http://www.forbes.com/afxnewslimited/feeds/afx/2008/07/04/afx5184299.html
European banks need to raise up to $141 billion: Goldman
(Reuters) - Goldman Sachs said the European banks sector needs to raise about 60 billion to 90 billion euros ($94 to $141 billion), or withhold one year of dividends, to reach an aggregate Tier I ratio of 9 percent -- a level achieved by European banks that have recapitalized recently.
The bearish comment by the Goldman analysts weighed on European stocks, with the benchmark FTSEurofirst 300 index down 0.43 percent at 1,172.99 points by 5:40 a.m. EDT.
The analysts said they do not expect the mounting writedowns per se to trigger additional capital calls at this point. "Instead, we believe that regulatory pressures and a sharp turn in the European credit cycle are the two main causes for concern for bank investors."
http://www.reuters.com/article/businessNews/idUSBNG18856620080704
EU inquiry deadline for Goldman Sachs buy of German property portfolio Aug
BRUSSELS (Thomson Financial) - The European Commission said the deadline for Goldman Sachs Group Inc.'s real estate fund Whitehall's proposed 787.1 million euro acquisition of North Rhine-Westphalia's residential property company Landesentwicklungsgesellschaft NRW (LEG) is set for August 6.
LEG owns 93,000 flats and is one of Germany's largest property companies.
The portfolio has a volume of 3.4 billion euros, the North Rhine-Westphalian finance ministry said in June.
Of the purchase price, some 473.6 million euros go to state-owned investment vehicle BVG, while the remaining funds go to NRW Bank, which is 64.74 percent owned by the state, and Deutsche Rentenversicherung Westfalen.
The transaction will be reviewed under the EU's simplified merger review procedure, for cases the commission believes do not pose competition concerns.
nina.chestney@thomsonreuters.com nc/rfw
http://www.hemscott.com/news/static/tfn/item.do?newsId=65116001323185
U.S. and Global Capital Markets
Today I will focus on our capital markets – where the United States and the United Kingdom face similar challenges and are pursuing similar approaches. I see our work in three tranches; first and foremost, our number one priority continues to be promoting market stability and limiting the impact on the broader economy as we work through today's institutional and markets stresses. Second, implementing the appropriate policy responses to recent events to address the deficiencies in our markets which the current problems have exposed. Third, improving our overall financial regulatory structure to better prevent and address future turmoil.
http://www.ustreas.gov/press/releases/hp1064.htm
74th Secretary of the Treasury
Henry M. Paulson, Jr. was sworn into office as the Secretary of the Treasury on July 10, 2006. As Treasury Secretary, Paulson is the President's leading policy advisor on a broad range of domestic and international economic issues.
http://www.ustreas.gov/initiatives/sec-corner/
Goldman Sachs Group, Inc.
July 3, 2008 Stock Quote
178.89
Jul 3 - Close
July 21, 2006 Stock Quote
140.10
January 20, 2000 stock quote
81.80
http://finance.google.com/finance?client=ob&q=NYSE:GS
Lehman Brothers Stock Quote
July 3, 2008
22.85
July 14, 2006
60.53
January 21, 2000
17.62
http://finance.google.com/finance?q=NYSE:LEH
UBS AG Stock Quote
22.85
July 14, 2006
60.53
January 21, 2000
17.62
http://finance.google.com/finance?q=NYSE:LEH
UBS AG Stock Quote
July 3, 2008
20.32
July 7, 2006
54.03
May 26, 2000 (initial offering)
22.56
http://finance.google.com/finance?q=NYSE:UBS
Morgan Stanley Stock Quote
20.32
July 7, 2006
54.03
May 26, 2000 (initial offering)
22.56
http://finance.google.com/finance?q=NYSE:UBS
Morgan Stanley Stock Quote
July 3, 2008
35.91
July 14, 2006
60.69
January 9, 2000
79.25
http://finance.google.com/finance?q=NYSE:MS
Bear Sterns COS
May 30, 2008 Stock Quote
9.33
July 14, 2006
132.75
January 20, 2000
40.43
http://finance.google.com/finance?q=NYSE%3ABSC
DO I NEED TO GO ON ?????
35.91
July 14, 2006
60.69
January 9, 2000
79.25
http://finance.google.com/finance?q=NYSE:MS
Bear Sterns COS
May 30, 2008 Stock Quote
9.33
July 14, 2006
132.75
January 20, 2000
40.43
http://finance.google.com/finance?q=NYSE%3ABSC
DO I NEED TO GO ON ?????
Where did the USA Treasury go?
And whom besides Americans coveted it?
Tax cuts? What tax cuts?
There is just so much corruption at every turn within any infrastructure both domestically and abroad, the next President will have a lot of RECLAMATION of USA priorities. When the Republicans are out of office, the world will no doubt witness exposure of corruption like not witnessed before.
