Obama Gets a Bad US Debt Deal

"In the end, President Obama had to admit surrender. He tried to put a bold face on it, but there's no other way to interpret his remarks to the nation announcing that Congressional leaders had cut a deal to raise the debt ceiling."

by Andrew Leonard writing in Salon.com

"As described, the deal is a major victory for Republicans that will further embolden them over the next 18 months, and may mortally wound Obama's chances of reelection."

Tea for two?

The Oil Price Collapse and Bin Laden

An interesting take on the recent collapse in the oil price from Christopher Joye writing in the (Australian) Business Spectator.

Normally I would say this was a conspiracy theory, and my view on them is they are bunk. In this case the story is very good and the timing of the alleged US Government trades and intervention, especially concerning the raising of margin requirements on the CME (Chicago Mercantile Exchange).

Who knows?

My take? It's a good story!

see Did the US government short oil prices? (free sign up is normally required to read articles)

chart © Bloomberg Finance LP

Bin Laden or Death in Plain Sight.

Image via WikipediaThe New York Times has this well written article on the hunt and execution of Bin Laden.

The best place to hide is always in full sight, and of course the someone in the Pakistan security apparatus knew all along where he was hiding. If you believe otherwise then you are just as naive as the Yanks.

see Behind the Hunt for Bin Laden