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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (346676)8/14/2007 12:15:08 PM
From: longnshort  Read Replies (1) | Respond to of 1577025
 
Black vs. brown

"In the rarefied world of national politics (and in America's even more other-worldly universities) blacks and Latinos tend to be lumped together in what Nicolas Vaca, a California lawyer, calls a 'presumed alliance.' Last month, Barack Obama ... assured a Hispanic conference that such a bond existed. ... On the streets of America's cities, however, rather less lofty attitudes are apparent.

" 'We're being overrun,' says Ted Hayes of Choose Black America, which has led anti-immigration marches in south-central Los Angeles. 'The companeros have taken all the housing. If you don't speak Spanish, they turn you down for jobs. Our children are jumped upon in the schools. They are trying to drive us out.' ...

"Last year [a poll by Pew Research] found that one-third of blacks believe immigrants take jobs from Americans — more than any other group. ... One survey of Durham, N.C., found that 59 percent of Latinos believed few or almost no blacks were hard-working, and a similar proportion reckoned few or almost none could be trusted."

— From "Where black and brown collide," in the Aug. 2 issue of the Economist



To: Road Walker who wrote (346676)8/14/2007 12:25:01 PM
From: tejek  Respond to of 1577025
 
Keep your head down...............

Stocks fall 1 percent as credit woe spreads

Tue Aug 14, 2007 11:37 AM EDT
By Jennifer Coogan

NEW YORK (Reuters) - Stocks dropped on Tuesday, sending the three major indexes more than 1 percent lower, as worries about tightening credit conditions spread to the money market area.

Stocks were already sagging after Wal-Mart Stores Inc.'s (WMT.N: Quote) gave a disappointing earnings report and profit outlook, blaming pressure from the housing market. Home Depot Inc (HD.N: Quote) also reported a lower quarterly profit as the softer U.S. housing market hurt sales.

Financial-services stocks declined on the latest signs of a tightening credit environment. Trustees for two Canadian trusts said they were unable to issue new securities to repay maturing commercial paper and that a bank had declined to provide liquidity.

"It's confirmation that credit markets remain difficult and that there's not very much confidence in the credit market," said Michael Malone, trading analyst at Cowen & Co. in New York.

"Issues in the subprime market continue to spread throughout the system, so I think at this point in time, the question is, how bad are things going to get?"

The Dow Jones industrial average <.DJI> was down 166.07 points, or 1.25 percent, at 13,070.46. The Standard & Poor's 500 Index <.SPX> was down 21.13 points, or 1.45 percent, at 1,431.79. The Nasdaq Composite Index <.IXIC> was down 27.74 points, or 1.09 percent, at 2,514.50.

Sentinel, a money market mutual fund firm for commodities, has asked the U.S. Commodity Futures Trading Commission to allow it to halt client redemptions until it can conduct them in an orderly fashion, according to CNBC television.

Wal-Mart stock slumped 5.5 percent to $43.64 and Home Depot stock was down 3.8 percent to $33.92.

Stocks of large brokerages were some of the sharpest losers on the S&P 500. Shares of Goldman Sachs (GS.N: Quote) were down 4.1 percent to $170.05 and Lehman Brothers (LEH.N: Quote) lost 5.3 percent to $54.27 on the NYSE.

Shares of Countrywide Financial Corp. (CFC.N: Quote) the largest U.S. mortgage lender fell after the company said foreclosures and delinquencies rose in July to their highest level in at least several years.

Countrywide stock was down 6.3 percent to $24.94 on the NYSE.

ca.today.reuters.com



To: Road Walker who wrote (346676)8/14/2007 12:35:38 PM
From: tejek  Read Replies (1) | Respond to of 1577025
 
That tropical depression got ugly real fast.



To: Road Walker who wrote (346676)8/14/2007 12:38:42 PM
From: tejek  Read Replies (1) | Respond to of 1577025
 
This one couldn't wait to get closer to the US before turning into a TS. Better buckle down, hurricane belt, you may be in for a bumpy ride!

Tropical Storm Dean forms in Atlantic: NHC

reuters.com



To: Road Walker who wrote (346676)8/14/2007 1:48:17 PM
From: combjelly  Read Replies (1) | Respond to of 1577025
 
"Keep your head down...."

And then there is Dean. Which, because it is coming in South of the Dominican Republic, is on a historical track that takes hurricanes to us this time of year.

So, one or the other. Could be both.