“This was a staggering fart…this was a stump fart essentially that was clearly a deliberate move…To the best of my knowledge, I’ve never made air with anything like that…It certainly wasn’t Stevie so people are going to look at me…It came from behind me…I wouldn’t look too closely to the bottom of it because I’m not entirely sure it was….vaporous.”
Randy Youngman of the Orange County Register concurs:
A few years ago, I interviewed Feherty before the Toshiba Classic at Newport Beach Country Club, and he confessed that he, Woods and Tiger's caddie, Steve Williams, sometimes have off-camera farting contests during tournaments
David Feherty has done his best to compete with the living legend, but like so many golfers have done before when facing Tiger head-to-head, he's crumbled under the pressure. If fact, there was apparently one particular back nine collapse worthy of Greg Norman at Augusta:
Seconds before Feherty was about to interview Woods after a round, the broadcaster thought he would be funny and – and, uh, his strategy backfired.
"I (soiled) myself," Feherty said.
And then the camera lights came on.
Never underestimate the power of money. Especially lots of money coming on top of a cyclical recovery that is almost textbook at least as far as the timing is concerned. To be sure, you can question the sustainability of the recovery, the breadth or health of the recovery, the nature of job growth. I have questioned all repeatedly and fail to see that the conditions that have dominated the US economic story for the past 25 years - primarily, a continued reliance on consumer spending to propel growth - can continue in the face of massive household debt burdens and stiffer (or, more accurately, realistic underwriting conditions). But regardless of these concerns, evidence is clearly pointing to a shift in economic conditions for the better. Moreover, I suspect it will take at least two more quarters at a minimum - and maybe closer to two more years - before the more pessimistic or optimistic visions of the future will come into clear view. Until then, it seems likely the appetite for risk will continue to climb, and all the liquidity - liquidity fueled by new guarantees that massive financial institutions are too big too fail - has to go somewhere.
Which is to say that no matter how pessimistic you are in the medium and longer term, you need to recognize the potential for massive moves in markets as risk taking perpetuates more risk taking. And as long as that risk taking flows in directions that do not fundamentally change the US jobs and, by extension, wage picture, it is difficult to imagine the Federal Reserve will do anything but let the party role on.
Bottom Line: Incoming data continue to confirm the cyclical turn in the US economy. But that cyclical turn is supported by a massive amount of government intervention, in and of itself a testament to the fragility of the recovery. The Fed will be in no rush to withdraw that liquidity - especially if a jobless recovery emerges. Indeed, it is easy to tell a story where the Fed holds rates near zero into 2011. That also means the Fed will not rock any boats. Thus, the jobless recovery is almost a dream come true for those trades dependent on easy Fed policy - which seem to be virtually all trades at the moment. Although there has been talk of the Fed acting preemptively to curtail bubbles, I am skeptical that any such action would be taken with US unemployment staring at double-digits. And there certainly would be no rush to react if low US interest rates fueled bubbles outside US borders; that, after all, would be the responsibility of foreign policymakers.Head on over and give it a read as he makes a compelling argument against being bearish. You can't win at a rigged game
There is a lot of disinformation about health insurance reform out there, spanning from control of personal finances to end of life care. These rumors often travel just below the surface via chain emails or through casual conversation. Since we can’t keep track of all of them here at the White House, we’re asking for your help. If you get an email or see something on the web about health insurance reform that seems fishy, send it to flag@whitehouse.gov.
Die Republikaner und ihre verbündeten Gruppen - verzweifelt nach zwei aufeinander folgenden Wahlen zu verlieren und alle wichtigen politischen Kampf auf dem Capitol Hill - Anstiftung sind wütend Monster von einer kleinen Zahl von wütenden rechten Extremisten von K Street Lobbyisten zu stören nachdenklich Diskussionen über die Zukunft der Gesundheitsversorgung in Amerika, die sich in Congressional Bezirke im ganzen Land. Allerdings, wie wir gesehen, auf der McCain-Palin Kundgebungen im vergangenen Jahr, wo Menschenmassen waren Ködern mit Schreie der “sozialistischen”, “kommunistisch”, und wo die birthers Bewegung geboren wurde - das Monster von Extremisten sind nicht interessiert an einer Diskussion über nachdenklich die Fragen - aber wie einige republikanische Führer gesagt haben - sie sind interessiert in “Bruch” den Präsidenten und die Zerstörung seiner Präsidentschaft. Diese Mobs sind bussed von finanziell gut ausgestattete, hoch organisierten Gruppen von republikanischen Genossenschaften und finanziert durch die besonderen Interessen, die verzweifelt versucht, um die Agenda für den Wandel der Präsident gewählt wurde, um in Washington.Trotz der Überschrift grabbing Charakter dieser böse Monster und ihre Störungen von Veranstaltungen, sie sind nicht widerspiegeln, wenn das amerikanische Volk auf die Fragen - oder die Hunderte von Tausenden von nachdenklichen Diskussionen rund um Küche Tabellen-, Wasser-Kühler und in den Häusern. Die rechte Extremisten “Dinge wie die Nutzung der Teufel Hörner auf die Bilder von unseren gewählten Vertretern, hängen die Mitglieder des Kongresses in Bildnis, atemlos Befragung der Präsident der Bürgerschaft und der Verwendung von Nazi-und SS-Symbole wie die nur zeigt, wie außerhalb des Mainstream der Republikanischen Partei und ihre Verbündeten sind. Diese Art von Wut und Zwietracht nicht dienen Republikaner auch im Jahr 2008 - und es ist verpflichtet, nach hinten wieder.
Aug. 4 (Bloomberg) -- Four of the top five models sold so far under the U.S. “cash for clunkers” program, aimed at boosting the auto industry, are made by foreign automakers, according to Transportation Department data.
Ford Motor Co.’s Focus was the top seller, followed by Toyota Motor Corp.’s Corolla, Honda Motor Co.’s Civic and Toyota’s Prius and Camry, data from the department showed today.
Initial clunkers legislation sponsored by Representative Betty Sutton, an Ohio Democrat, would have barred discounts for new vehicles manufactured overseas and offered higher payments for cars and trucks produced in the U.S. than for those made in Canada and Mexico. The “Buy American” provision was dropped from the final legislation because of opposition from foreign automakers and free-trade advocates who said it would conflict with U.S. obligations to the World Trade Organization.
“The share of cars sold to date under this program is actually larger than the traditional market share” for the U.S. automakers, White House Press Secretary Robert Gibbs told reporters today. Providing tax incentives only for U.S. companies “would have caused some legal and trade problems,” he said.
BIRMINGHAM, Ala. – The sheriff in Alabama's most populous county may call for the National Guard to help maintain order, a spokesman said Tuesday, after a judge cleared the way for cuts in the sheriff's budget and hopes dimmed for a quick end to a budget crisis.
The budget crisis comes as the county seeks to avoid filing what would be the largest municipal bankruptcy ever over some $3.9 billion in sewer bonds it can no longer afford to repay. As with the tax problem, elected leaders can't agree on a solution.
The sewer system is still operating normally, but the county has closed four satellite courthouses because of the loss of the revenue from the occupational tax. Residents are standing in line for hours at the main courthouse to do routine business like renewing car tags.
The market can remain irrational far longer than you can remain solvent.Play your positions wisely. I'd keep tight stops on all my longs.
