©2007 kurtnimmo.com |
Summary: Last week was an eventful one for financial markets. The U.S. Federal Reserve Board cut interest rates by a quarter point, sending stocks down (traders wanted a half point cut). According to insiders, banks are in a state of panic. Analysts increasingly predict that the United States will fall into recession in 2008, and, to make it worse, inflation is rising, leading to fears of stagflation, fears that were voiced by none other than Alan Greenspan. Greenspan, formerly a hero, now haunts the world economy like the ghost of an unwelcome houseguest.
©WickedLocal.com |
SWAT team descends on man with a nervous disposition. Wouldn't that make you nervous? Don't show it or you'll be next. |
©Eva Ósk Arnardóttir |
©N/A |
Riot police in Miami |
©Unknown |
Alan Dershowitz emerges from LEVIEV |
©REUTERS/Stelios Varias |
Salvacion Servano (L) serves a customer at her grocery store in Sunbury, Pennsylvania, December 12, 2007. |
©REUTERS/Christian Charisius |
A tug boat pulls container vessel "Colombo Express" in northern Germany April 29, 2005. |
©Unknown |
Hryhoriy put his long life down to the fact he never married. |
©National Labor Committee |
©REUTERS/David Mercado |
Supporters of Bolivia's President Evo Morales wave to him at a ceremony to give the new constitution to the President in La Paz December 15, 2007. |
©n/a |
©Unknown |
©Unknown |
For the second time in less than three months, the Bush administration signaled Wall Street that it's willing to contain the subprime mortgage mess.On Thursday Bush unveiled his plan to freeze "teaser rates" on some adjustable-rate mortgages, to keep 1.2 million borrowers away from foreclosure if they aren't able to make their loan payments once the introductory rate expires. It's a private sector plan, brokered by Treasury Secretary Henry Paulson and Housing and Urban Development Secretary Alphonso Jackson. And since it involves no government money, it keeps the administration a step away from being accused of a bailout.
©AP Photo/Joe Raymond |
Cows brace for winter weather at a farm west of LaPorte, Ind. Saturday Dec. 15, 2007. |
©REUTERS/Jessica Rinaldi |
A man shovels his front walk in Somerville, Massachusetts in this January 23, 2005 file photo. |
©Ohio State University |
Sonar image of the Arctic Ocean floor, showing a wavy surface caused by water currents. |
©Unknown |
Classic Report of a Morphing UFO |
©NBC |
A meteorite crashed into Terrance Cotton's yard. "I heard a voice, and it said, 'Look and see if you can see a face,'" he said. "And I looked, and I saw an image of Jesus Christ." |
©Luis J. Jimenez/Cox Newspapers |
Enrique Ochoa, 33, right, pours the last drops from a five liter bucket of pulque for Cristobal Lopez, 25, (left), at the Blue Bird pulqueria in southern Mexico City. |
©BBC |
A smoke machine ensures the cow emits its gas at set times. |