Thursday, January 24, 2008

fools on holiday

--Jan. 23, 2008--Funding for U.S. operations in Iraq and Afghanistan and other activities in the war on terrorism expanded significantly in 2007," the Congressional Budget Office said in a report released on Wednesday. War funding, which averaged about $93 billion a year from 2003 through 2005, rose to $120 billion in 2006 and $171 billion in 2007 and President George W. Bush has asked for $193 billion in 2008, the nonpartisan office wrote.—Reuters,

--Jan. 24, 2008—The House failed again to override Bush’ veto of a children’s health-insurance bill, falling 15 votes shy of the need 2/3 majority. WSJ A1

--Jan. 24, 2008—American backed Sunni militias who have fought Sunni extremists to a standstill in some of Iraq’s bloodiest battlegrounds are being hit with a wave of assassinations and bomb actions, threatening a fragile linchpin of the military’s strategy to pacify the nation. NYT A1

--Jan. 24, 2008—John Brackney, president of the South Metro Denver Chamber of Commerce .. recalled being mocked when he wore one of his old [GOP] campaign shirts to the neighborhood pool last summer.. “That wouldn’t have happened eight years ago,” Mr. Brackney observed.

--Jan. 24, 2008—Some worry that the Fed, staving off a recession, is fueling inflation NYT C1

--Jan. 24, 2008—European Central banker says inflation still focus, eroding hopes that the Fed’s rate cut lead would be followed. NYT C9

--Jan. 24, 2008—Bill Gates issues call for kinder capitalism. WSJ A1

--2002-- The American ruling class is even more rudderless and clueless than its European counterparts [128] Todd, AFTER EMPIRE

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