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« Gasparino: Obama Strikes Fear Into Americans With Social Security Threats While Privately Reassuring Wall Street That There Will Be NO DEFAULT If Aug. 2 Passes Without Deal | Main | Tom Davis: "Nothing Has Changed Since 1773, Tea Party Should Be Outraged At Tax Giveaways To Corporations" »
Tuesday
Jul262011

Ratings Agency Source Tells Erin Burnett: Boehner Plan Would Lead To S&P Downgrade Of U.S. Debt

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NEW YORK (MarketWatch) — Treasury prices advanced Tuesday, pushing long-term yields lower, as a decent 2-year auction softened nervousness about the impasse over raising the U.S. debt limit.

“Given the veil of uncertainty that hangs over the Treasury market, we see this auction as a very good result,” said Bill O’Donnell, head of Treasury strategy at RBS Securities, in a note.

http://www.marketwatch.com/story/treasurys-hover-ahead-of-auction-and-no-debt-deal-2011-07-26?link=MW_home_latest_news
Jul 26, 2011 at 3:26 PM | Registered CommenterDailyBail
NEW YORK (MarketWatch) — A downgrade of U.S. debt is more likely to lead fund managers to sell lower-rated corporate debt than Treasury bonds themselves, while municipal bonds tied to the federal government’s rating may also come under pressure, some market observers believe.

http://www.marketwatch.com/story/us-downgrade-could-hurt-corporate-muni-debt-2011-07-26?link=MW_home_latest_news
Jul 26, 2011 at 3:26 PM | Registered CommenterDailyBail
Investors still expect a debt ceiling agreement, according to Channing Smith, portfolio manager at Capital Advisors Growth Fund. He tells Larry Kofsky the outlook for equities is not optimistic.

http://www.marketwatch.com/story/channing-smith-economic-outlook-lousy-2011-07-26
Jul 26, 2011 at 3:27 PM | Registered CommenterDailyBail
WASHINGTON (MarketWatch) — Democratic and Republican leaders are pushing rival plans to cut government spending and raise the U.S. debt ceiling through the House and Senate this week, amid little apparent appetite for compromise as the U.S. gets closer to running out of borrowing power.

http://www.marketwatch.com/story/rival-debt-plans-face-tests-in-congress-2011-07-26?link=MW_home_latest_news

compares the 2 plans...
Jul 26, 2011 at 3:28 PM | Registered CommenterDailyBail
Obama's Utopia


Barack Obama's hand-picked regime has 11 steps in bringing a total fascist, police state to the United States:

http://www.youtube.com/watch?v=flW5XNRgb4o

http://www.claremont.org/publications/crb/id.1852/article_detail.asp


"Everything Obama does comes straight from the most stilted and destructive clichés of the left. The man has never had an original idea in his life, and wouldn't recognize one if it were served up on a plate with arugula. He is intellectually locked in concrete."
Jul 26, 2011 at 8:27 PM | Unregistered CommenterTaterSalad
@TaterSalad
Nothing's changed. Bush was locked into a LIE called WEAPONS of MASS DESTRUCTION. Guess one could call that an original idea.
Jul 27, 2011 at 4:36 AM | Unregistered CommenterTR
That would be more properly called weapons of mass deception TR, Saddam had them at one time...

We sold them to him, so the real question is, where did they go?

During the Iran-Iraq war, Iraq received the lion's share of American support because at the time Iran was regarded as the greater threat to U.S. interests. According to a 1994 Senate report, private American suppliers, licensed by the U.S. Department of Commerce, exported a witch's brew of biological and chemical materials to Iraq from 1985 through 1989. Among the biological materials, which often produce slow, agonizing death, were:

* Bacillus Anthracis, cause of anthrax.

* Clostridium Botulinum, a source of botulinum toxin.

* Histoplasma Capsulatam, cause of a disease attacking lungs, brain, spinal cord, and heart.

* Brucella Melitensis, a bacteria that can damage major organs.

* Clostridium Perfringens, a highly toxic bacteria causing systemic illness.

* Clostridium tetani, a highly toxigenic substance.


Also on the list: Escherichia coli (E. coli), genetic materials, human and bacterial DNA, and dozens of other pathogenic biological agents. The American company that provided the most biological materials to Iraq in the 1980s was American Type Culture Collection of Maryland and Virginia, which made seventy shipments of the anthrax-causing germ and other pathogenic agents, according to a 1996 Newsday story.

Other American companies also provided Iraq with the chemical or biological compounds, or the facilities and equipment used to create the compounds for chemical and biological warfare. Among these suppliers were the following:

* Alcolac International, a Baltimore chemical manufacturer already linked to the illegal shipment of chemicals to Iran, shipped large quantities of thiodiglycol (used to make mustard gas) as well as other chemical and biological ingredients, according to a 1989 story in The New York Times.

* Nu Kraft Mercantile Corp. of Brooklyn (affiliated with the United Steel and Strip Corporation) also supplied Iraq with huge amounts of thiodiglycol, the Times reported.

* Celery Corp., Charlotte, NC

* Matrix-Churchill Corp., Cleveland, OH (regarded as a front for the Iraqi government, according to Representative Henry Gonzalez, Democrat of Texas, who quoted U.S. intelligence documents to this effect in a 1992 speech on the House floor).


The following companies were also named as chemical and biological materials suppliers in the 1992 Senate hearings on "United States export policy toward Iraq prior to Iraq's invasion of Kuwait":

* Mouse Master, Lilburn, GA

* Sullaire Corp., Charlotte, NC

* Pure Aire, Charlotte, NC

* Posi Seal, Inc., N. Stonington, CT

* Union Carbide, Danbury, CT

* Evapco, Taneytown, MD

* Gorman-Rupp, Mansfield, OH


Additionally, several other companies were sued in connection with their activities providing Iraq with chemical or biological supplies: subsidiaries or branches of Fisher Controls International, Inc., St. Louis; Rhone-Poulenc, Inc., Princeton, NJ; Bechtel Group, Inc., San Francisco; and Lummus Crest, Inc., Bloomfield, NJ, which built one chemical plant in Iraq and, before the Iraqi invasion of Kuwait in August 1990, was building an ethylene facility. Ethylene is a necessary ingredient for thiodiglycol

In 1994, a group of twenty-six veterans, suffering from what has come to be known as Gulf War Syndrome, filed a billion-dollar lawsuit in Houston against Fisher, Rhone-Poulenc, Bechtel Group, and Lummus Crest, as well as American Type Culture Collection (ATCC) and six other firms, for helping Iraq to obtain or produce the compounds which the veterans blamed for their illnesses. By 1998, the number of plaintiffs has risen to more than 4,000 and I believe the suit is still pending in Texas.


http://www.timesonline.co.uk/tol/news/world/article807098.ece
Jul 28, 2011 at 12:38 AM | Unregistered CommenterS. Gompers
Love those! I enjoy following your posts on facebook and rss! npbzzp npbzzp - <a href="http://www.supra-footwear.org.uk">supra TK Society</a>.
Nov 24, 2011 at 6:15 PM | Unregistered Commenterfvolug fvolug

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