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COLGATE4

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Member since: Tue Jun 17, 2008, 01:38 PM
Number of posts: 13,146

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Absolutely wonderful dialogue by Trudeau

"Watching Fox News is like getting your news from the Town drunk". Priceless.

Rachel damning the government

Just watched the re-run of Rachel's show tonite and was dismayed to find her doing as one-sided a piece of work as has ever appeared on Fox re the Justice Department's investigation of the A.P. leaks regarding Al Queda. Not only did she do a 'hair on fire' pontification on the virtue of the Press and the perfidy of the government (which she also asserts is bound to lose in the final analysis) but also had as her only guest the lawyer for the AP. Needless to say he completely agreed with her 'legal' analysis.

This is far from the clear, cut and dried case she so fervently wants to make it out to be. There are significant legal nuances as to whether the DOJ actually violated its own guidelines which she chose to ignore and, even if they did, what if any remedies there might be. A lot more will have to be determined before fault can be fairly laid at the feet of the government in this instance. But Rachel's totally one-sided exposition falls squarely under the title of "Fair and balanced". I for one expected better than her

Venezuela conducts de facto devaluation

Venezuela’s Finance Ministry sold $200 million on a new secondary exchange system without disclosing the exchange rate for winning bids. The auction awarded dollars to 383 companies, the ministry said in a statement posted on its website. Only companies registered with the Cadivi currency board could participate in today’s auction.

Acting President Nicolas Maduro’s government introduced the new foreign exchange mechanism ahead of an April 14 presidential election in a bid to halt the bolivar’s decline on the black market and reduce shortages of goods in local stores. The bolivar has depreciated 19 percent to about 23 bolivars per dollar on the black market since Feb. 8, when the currency was devalued 32 percent on the Cadivi system.

“The only reason not to disclose the FX rate is because they don’t want to concede a de facto second devaluation in the middle of an election campaign,” Benjamin Ramsey, an analyst at JPMorgan Chase & Co. in New York, said in an e-mailed statement. “I think it’s safe to assume it was above the official 6.3, otherwise they would have disclosed.”

http://www.bloomberg.com/news/2013-03-27/venezuela-sells-200-mln-in-auction-without-revealing-fx-rate.html

Thanks again!!! to the DU'er who gave me another heart

yesterday. I repeat that I doubt that I have done/said anything that worthy of it, but am flattered and very appreciative anyway. Thank you, anonymous heart donor!

MANY, MANY THANKS to the anonymous DU'er

who was so kind as to give me a 'heart'. I'm not sure I've done anything to deserve such kindness but it is nonetheless sincerely appreciated! Many thanks!!!
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