As the mid-Atlantic region endures a couple more feet of wintry snow, we get news from half-way across the globe of more fallout from Climategate… Emerging economy India has decided to ditch the U.N. Intergovernmental Panel on Climate Change — ironically headed by its own scientist Dr. R.K. Pachauri. India will establish its own National [...]
The circus in Copenhagen
This just gets better and better…
First, as world leaders huddle indoors to work on a global warming deal, four inches of snow dumped onto Copenhagen. I’m also sure that the heater is turned on inside the conference rooms and world leaders wore big coats. Yes, the Earth is warming up indeed.
Then it’s reported that two [...]
The dollar losing favor among oil traders
U.K. based The Independent is reporting that several Arab states, alongside China, Russia, Japan, and France, are to end oil transactions in the U.S. dollar, instead dealing in mixed currencies like the euro, yuan, yen, gold, and perhaps even a planned unified currency:
Secret meetings have already been held by finance ministers and central bank governors [...]
Not much interest in Treasury auctions
This is not good at all.
The Obama administration and Congress have insisted on spending more money to rescue our failing economy, in turn letting the nation take on billions of dollars in debt in hopes that foreign countries like India and China would finance the U.S. out of this recession.
But if recent Treasury auctions are [...]
Pray for India
Indian commandos finally ended the terrorist siege in Mumbai. The grim reality now is counting the dead and assessing the damages. According to the sole captured terrorist, the plan was to kill 5,000. So far the death toll is around 300. This is truly India’s 9/11…
The terrorists targeted whites, especially those who were Americans or Britons, [...]



