2 May 2008
News and Comments - 05/02/08
Posted by Joy Bischoff under: What's News .
THE EARLY BIRD MAY GET THE WORM, BUT THE SECOND MOUSE GETS THE CHEESE.
6 Comments so far...
Jesse Says:
2 May 2008 at 12:44 am.
Where are all those countries who are buying up chunks of America? We are 9 trillion in debt. Some of those other countries need to step up to the plate. This money is in addition to the 200m already promised.
Bush offers $770m for food crisis
George W Bush has offered $770m (£390m) in international food aid to help ease the effects of surging food prices that have sparked riots in some countries.
The US president said he was asking Congress to approve his request.
The White House has come under intense pressure to step in as high food and petrol prices have squeezed poor families both at home and abroad.
The global crisis has sparked rioting in several developing countries, with the threat of worse to come.
“We’re sending a clear message to the world that America will lead the fight against hunger for years to come,” said Mr Bush.
‘Silent tsunami’
We believe in the timeless truth, to whom much is given, much is expected
US President George W Bush
The new money would come in addition to some $200m the US president released for emergency food aid two weeks ago, but Mr Bush warned that “more needs to be done”.
Cameron Says:
2 May 2008 at 6:27 am.
Turkey launches intensive air strikes in north Iraq
Fri May 2, 4:17 AM ET
ARBIL, Iraq (Reuters) - Turkish warplanes launched intensive bombing raids on Kurdish rebel targets in northern Iraq overnight but there were no reports of any casualties, a rebel spokesman said on Friday.
The air strikes began at 11.30 p.m. and lasted for three hours, targeting bases belonging to the separatist Kurdistan Workers Party (PKK) and the Party of Free Life of Kurdistan (PJAK), an off-shoot of the PKK fighting against Iran.
“There has been heavy bombing and many Turkish planes were involved. So far, we have no word of any casualties,” PKK spokesman Ahmed Danees told Reuters by telephone.
The PKK uses northern Iraq as a base to stage attacks on Turkish territory. Turkey blames the PKK, which is fighting for an ethnic homeland in southeastern Turkey, for the deaths of more than 40,000 people.
http://news.yahoo.com/s/nm/20080502/wl_nm/turkey_bombing_dc
Mac Says:
2 May 2008 at 10:25 am.
The world goes nuts if Israel defends itself against Palestinian terrorists but no one seems to care at all about the Kurds. They don’t have a homeland either. They have been targeted for genocide by the country they live in. Turkey crosses the border of a country we are defending and we do nothing about it. What is the difference between the poor Palestinians who need a homeland and the Kurds? I’ll tell you the difference. The Palestinians are Arabs and the Kurds aren’t so nobody gives a @#$!@# for them.
M.G. Says:
2 May 2008 at 1:44 pm.
Mac, I have thought about that too. It is kind of weird. I feel so sorry for the Kurds.
Matt Says:
2 May 2008 at 2:47 pm.
Since I’m always posting gloomy reports, I thought I would put up a good one. I don’t see how this will translate in lower gas and food prices but hopefully it will keep the bottom falling out so that is good.
Wall Street mood swing: Gloom gives way to (premature?) optimism
Main Street may be struggling, but Wall Street is on a bit of a roll.
Despite a drumbeat of bad economic news, the stock market is up — almost 11 percent in the last few weeks. Junk bonds, those risky corporate IOUs, are rallying. The value of financial shares, bank loans, tricky credit derivatives — up, up, up. Many on Wall Street, the epicenter of the credit mess, seems to think that the worst is over. For the first time in months, analysts and executives sound upbeat again. Many of them see a broad, sustained recovery in both the economy and the financial markets coming in second half of this year, a prediction some market strategists call hopeful at best.
http://www.iht.com/articles/2008/05/02/business/02markets.php
Concerned American Says:
2 May 2008 at 7:54 pm.
Global WHAT? It aint warming folks. I’m shaking in my boots but not from fear of global warming.
http://www.upi.com/NewsTrack/Top_News/2008/05/02/may_blizzard_shuts_down_parts_of_s_dakota/1201/
May blizzard shuts down parts of S. Dakota
Published: May 2, 2008 at 6:44 PM
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RAPID CITY, S.D., May 2 (UPI) — The mayor of Rapid City, S.D., Friday pleaded with residents to stay home as a May blizzard closed down streets and highways in parts of the state.
“Please, stay off the roads until the weather clears. The wind is still gusting to 50 mph with heavy snow,” said Mayor Alan Hanks. “There are very few businesses that are going to open, so take a day off and enjoy it.”
Rapid City police said they would cite any motorists who got stuck in drifts and were traveling on any non-essential business, the Rapid City Journal reported.
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