The News Thread

[Milky Joe]

Yeah those are good questions. Right now I'm going with goverment incompentance, but I'm sure there are other reasons....

this might also be of interest:

Japanese Parliament Member Questions Official 9/11 Account, War on Terror on National TV 2 3 4 5 6 7 8

[number8]

You can't trust the Japanese! The Japanese government isn't exactly squeaky clean. After all, they staged the Nagasaki bombing.

[Derek]

I just had the amusing visual of Scar boarding a plane to Japan, lecturing the their Parliament and then beating the members who still don't "get it" senseless with his Physics textbook.

[D_Davis]

The Japanese government may want to first question the legitimacy of the way their official text books portray the events of World War II.

[Milky Joe]

The Japanese government may want to first question the legitimacy of the way their official text books portray the events of World War II.

If that's really what concerns you, shouldn't you be worrying first about how official US textbooks portray say, the discovery of america? but really, aren't there more pressing issues at hand?

[D_Davis]

If that's really what concerns you, shouldn't you be worrying first about how official US textbooks portray say, the discovery of america? but really, aren't there more pressing issues at hand?

I'm just saying - before pointing out a splinter in someone else's eye, they may want to check the log in theirs.

It's a common proverb. We should all just take care of our own crap, because many of the world's governments have made some terrible mistakes.

However, I do know that American text books explore the "discovery" of America a lot differently now than they did even when I was a kid. They are getting closer to "the truth." While in Japan, the opposite is happening with WWII - it's pretty scary actually.

[Milky Joe]

gosh, I'm nearly offended by the notion that the intentional murder of 3000 of its own citizens for political gain is a "splinter" while some simple revisionist history qualifies as a "log."

[number8]

In the context of comparing it against more pressing matters in the world, 9/11 really don't matter much, conspiracy or no conspiracy.

[D_Davis]

gosh, I'm nearly offended by the notion that the intentional murder of 3000 of its own citizens for political gain is a "splinter" while some simple revisionist history qualifies as a "log."

I wasn't implying that one thing is a log and another is a splinter to say that one is more important than the other.

It's just a saying man. It means, don't point out my problems until you take care of your own.

[D_Davis]

In the context of comparing it against more pressing matters in the world, 9/11 really don't matter much, conspiracy or no conspiracy.

Amen.

[Milky Joe]

heh, sorry. guess I read into it too much.

and while I agree that 9/11 takes a backseat to more immediate problems, it is still intimately related to them (though certainly not the cause of all of them).

[Rowland]

Asian and European stock markets have plummeted in the last 24 hours...

[Scar]

Asian and European stock markets have plummeted in the last 24 hours...

I'm glad I won't be touching my 401k for 30+ years.

[shaun]

I'm glad I won't be touching my 401k for 30+ years.

I'm glad I touched mine and moved a significant portion of it into the bond market.

The rest of it has been beaten to a pulp in the past few months.

[Skitch]

I'm glad I touched mine and moved a significant portion of it into the bond market.

The rest of it has been beaten to a pulp in the past few months.

It's been a little rough for mine as well. Not too major, but downward is still depressing.

[MadMan]

Asian and European stock markets have plummeted in the last 24 hours...

Yikes. Signs of an economic downturn world wide perhaps? I hope not.

[Rowland]

Yikes. Signs of an economic downturn world wide perhaps? I hope not.

There is no way the world markets won't be critically damaged by our borderline-crashing economy.

[MadMan]

There is no way the world markets won't be critically damaged by our borderline-crashing economy.

Yeah I sadly agree with you there, but I was kind of hoping for the best while expecting the worst.

[shaun]

If U.S. stocks open on Tuesday at the levels futures are currently indicating, it would push major indexes dangerously close to bear market territory -- or a 20 percent drop from their peak in October. That would mark the death of the bull market that began in early October 2002.

http://www.reuters.com/article/bonds...42360720080121

Yikes. Signs of an economic downturn world wide perhaps? I hope not.

It's pretty much a foregone conclusion at this point. We live in a global economy, US indexes are down 10% so far this year, the 2nd biggest economy in Japan has a bigger debt to GDP ratio than even us and getting bigger, and index futures are indicating a bloody day for the Dow tomorrow... likely in the 600-700 point range.

On the plus side though, a 30 year fixed rate will likely be around 4% within a year for anyone looking to buy.

There is no way the world markets won't be critically damaged by our borderline-crashing economy.

Well I agree in theory, but it's not entirely on the US. The housing crisis and high government debt is a global issue.

[Rowland]

Global Market Crisis continues today.

"You can't stop what's coming."

[Milky Joe]

Paul blames Fed for economic woes

[Rowland]

The Fed has just cut the overnight lending rate in a state of panic.

[Milky Joe]

So let me get this straight, the Fed cuts interest rates to respond to a weakening economy. Things get a little better before they get even worse. The Fed responds by cutting interest rates. Things get a little better before they get even worse. So what does the Fed do? Respond by dropping interest rates more than they ever have. What is the logical outcome of that, given what we've already seen to be the pattern?

[Rowland]

So let me get this straight, the Fed cuts interest rates to respond to a weakening economy. Things get a little better before they get even worse. The Fed responds by cutting interest rates. Things get a little better before they get even worse. So what does the Fed do? Respond by dropping interest rates more than they ever have. What is the logical outcome of that, given what we've already seen to be the pattern?

The Dollar Holocaust, of course.

[Rowland]