Losses today on the DOW a little less than 5%.

8,695.79
–443.48
–4.85%

The severe 'fall off' slowed significantly at about 1:45 PM. I still believe 8500 is the low point. It hasn't really descended very far below 'that mark' since it started its decline this year. Lately, the markets seem to 'be happy' about 'that mark.' The other markets are sustaining losses as well, all are around 4 - 5 percent. This will go on. I'm not really more worried today than two weeks ago.

The USA has to wait for a transition into a government that are WILLING to put people back to work to re-establish the American economy rather than faux stimulus plans that simply drop enough cash in the markets to 'see it through the holidays.' It is a flash in the pan economy. It isn't sustainable and contributes to the debt of the country. Grow the tax base and solve the country's problems, basically. I don't see any other alternative.

Change is coming.


WASHINGTON (MarketWatch) - Commercial banks, investment banks, American International Group, and commercial paper issuers borrowed $590 billion from the Federal Reserve as of Wednesday, the Fed reported Thursday. This is up from $408 billion in the previous week. The increase reflected $243.3 billion in commercial paper purchased by the central bank under a new facility. The program is aimed at allowing nonfinancial firms to restart issuing commercial paper to pay for near-term funding needs. As of Wednesday, Nov. 5, commercial banks borrowed $108.6 billion, the investment banks and broker-dealers borrowed $71.6 billion and AIG borrowed $81.2 billion.

Did the 'bailout' work?

No.

Global financial markets close with major losses (click here)
Published: Thursday 06 November 2008 21:45 UTC Last updated: Thursday 06 November 2008 21:45 UTC On Thursday, global financial markets closed showing major losses, with investors worried that the credit crisis is having an increasing impact on the real economy. Central banks in Europe announced steep interest rate cuts, but were unable to halt the markets' decline....

Paloma rapidly strengthens into Category 1 Hurricane

Interactive Atlantic hurricane tracking map (click here)


Paloma rapidly strengthens into Category 1 Hurricane (click here)
by NOLA.com
Thursday November 06, 2008, 6:06 PM
...At 6 p.m., the center of Hurricane Paloma was located near latitude 16.9 north, longitude 81.7 west, about 165 miles south of Grand Cayman and about 280 miles west-southwest of Montego Bay, Jamaica. Paloma is now moving toward the north near 12 mph. This general motion is expected to continue tonight and most of day on Friday, with a gradual turn toward the northeast forecast to occur late Friday and on Saturday.
Maximum sustained winds have increased to near 75 mph with higher gusts. Paloma is now a Category 1 hurricane on the Saffir-Simpson hurricane scale. Paloma continues to rapidly organize and additional strengthening is likely. Paloma is expected to become a category 2 hurricane on Friday.
Tropical storm force winds extend outward up to 70 miles from the center. During the past hour, NOAA buoy 42057 located just east of the center reported a one-minute sustained wind of 71 mph and a wind gust to 78 mph.
Paloma is expected to produce total rainfall accumulations of 4 to 8 inches of rain over the Cayman Islands with isolated maximum totals of 12 inches possible.


November 7, 2008
1030z
UNISYS Water Vapor GOES East Satellite - click title to entry for 12 hour animation, thank you

Democrats need to START to define 'failure' rather than 'just chronically run for office.'

Bush is out of there. There is dearly little that matters to any of his policy decisions especially when it comes to ratching up rhetoric or the tensions in a Return to the Cold War.

But, if Democrats are already retreating on 'the ability' to even DEFINE success, then they will begin to lose the ground they have won in a 'hard fought for' majority.

Having RUSSIAN MISSILES parked at the borders of FORMER Soviet States is NOT success.

Okay?

Got that?

RUSSIAN MISSILES parked at the borders of FORMER Soviet States is NOT success.

Tauscher is reacting as a typical WASHINGTON "bureaucrat" that huffs and puffs as if there is actually something that can be done with Russia from the standpoint of strong arming that nation. There isn't. The USA is tied up in an illegal, immoral and unnecessary war in Iraq, it is the USA that has increased tensions globally by playing 'brinkmanship' at every turn and has FAILED to secure either Afghanistan or Pakistan leaving them WIDE OPEN to the resurgence and SUCCESSFUL resurgence of the Taliban.

It would seem to me that 'bureaucrats' regardless of party affiliation that have NO real way of measuring the abilities of the USA to LEVERAGE power ANYWHERE in the world right now. Let's see what is the value of the US dollar today? Need to begin to understand they have a new 'lease on life' internationally and they should harness the ability to negotiate and bring about peace and non-proliferation as a 'global answer' to any form of aggression regardless where it started.

Honestly. I thought most Democrats were at least savvy enough to realize THE MAP has changed as of November 4, 2008; but; maybe they only think they have been given FREE REIGN of the power of the USA.

I don't think so ! We've already seen what that does and if that occurs again, come 2010, the Democrats won't be very happy.

THINK ABOUT IT !!!! Jerks !

Tauscher Calls Russian Comments ?unfortunate? (click here)
Rep. Ellen O. Tauscher (D-Calif.) dismissed recent comments by Russian President Dmitri Medvedev about redeploying missiles as primarily for his country’s “domestic consumption.”In a speech Wednesday, Medvedev said that if the United States proceeds with plans to install a ballistic missile interceptor system in Poland and the Czech Republic, Russia would deploy short-range missiles near Poland.The election of Barack Obama was recognized around the world as a positive step, said Tauscher, who leads the House Armed Services Strategic Forces Subcommittee. “The only person who didn’t get the memo was President Medvedev. It was an unfortunate tenor and an unfortunate speech. But it is something we can work with.”...

Why am I not surprised? I am pleased his marriage is still intact. He should return to public office.

No Charges For New York's Ex-Gov. Spitzer