Wednesday, October 04, 2006

Yesterday's News Tomorrow

With all the hoo-hah over underage pages and torture, a number of items may have slipped under your radar. Here's a quick sampling of some tidbits I've found off-line. I may update with links later when I find them.

Sony continues to have battery recall headaches.

Kazakhstan president Nursultan Nazarbayev visits the White House. Possibly to give pointers on torture, indefinite detention, and extrajudicial execution, from the leader of one free country to another. He's the one whose opponents end up dead in apparent suicide from multiple gunshot wounds to the chest and head, or kidnapped in groups and executed in remote locations, apparently by contract killers. It's the other guy in Uzbekistan who boils opponents alive.

Amnesty International says the US policy of offering bounties for suspected terrorists has created a black market in abductions in Pakistan. Innocent people are being kidnapped and sold to the US as terrorist suspects. Makes you proud to be an American.

Corrupt deposed Thai prime minister Thaksin Shinawatra missed the grand opening of the new Bangkok International Airport, a signiture project of his reign. Anti-corruption investigators have begun what is expected to be a long, long probe into claims of widespread corruption.

Greek GDP has surged 25% following a revision of national economic output that more fully accounts for growth in the service sector, including formerly overlooked subsectors such as prostitution and money laundering. EU spokesmen were surprised by the revision, which raised some eyebrows. Revisions like this are common in EU member states, but are typically in the 1% to 2% range. If approved the revision will make it easier for Greece to meet the EU budget deficit ceiling of 3%. However, it will also increase the requird contribution to the EU budget, and decrease the greek EU subsidy for poor countries.

A growing belief that the US economy will achieve a "soft landing" has spurred global stock markets to new gains. The Dow closed with a new all-time high, breaking the previous record set in 2000. So if you had invested $1000.00 in the Dow index companies at that time, you'd now have $1000.34. If you more wisely diversified your portfolio using the S&P 500, over the same period, you'd still unfortunatly be about $100 short of breaking even. Financial Times didn't quite put it this way.

Of course there's more. I tried to post this earlier from a mobile device but it ate the post. User error I think. I'm still new at this blogging stuff.

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