A proud campfire girl
The Fed cut prime interest rate to .25% today. This is the rate that banks lend to each other. What does this mean for Joe and Jane America? Very little in the short run, and not much in the long run. By borrowing from one another, banks will be able to build large and elaborate facilities in an expensive game of one-up-man-ship. Bank CEO's will get larger bonuses via loans from one another. Just a Wall Street screwing for the taxpayer; because the big money is still not going to be turned loose into the economy until the economy stabilizes, and it must reach bottom before it has stability and can begin the de-recession.
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Have you noticed how the big oil companies like BP, Exxon, and Chevron are all acting like they have been on the "Green Earth" wagon ever since green is the "in" thing? It is propaganda to get their corporate mitts on off-shore, Alaskan, and eventually Antartic oil leases. Another big time polluter—Waste Management—is in on the "green is good" act. Any lie is a good lie if it makes a company look like responsible caretakers of the very earth which they have raped and pillaged for so many decades. Tell me this, since the price of gasoline has fallen so dramatically in the past few months, have you thought as much about alternative fuels as you did when it was $4/gal?
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We have two deer visiting our backyard each evening and night. Looks to be a doe and a nearly mature fawn. They are apparently bedding in a thicket just behind our house. Carolyn is now sharing my apples with them.
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Chris' a/c compressor is supposed to arrive today; finally! If I have the Escape back by Thursday evening, it will be off to the creek with me and off with my duds for the last bath of 2008, and probably the last until spring. The temps are forecast to be near 70 degrees on that day, but rainy. Maybe I will wait until after dark and just take my clothes off in the back yard and scrub real good in the rain. Probably go to the woods, though; I like to get naked and frolic about amongst the trees.
The Fed cut prime interest rate to .25% today. This is the rate that banks lend to each other. What does this mean for Joe and Jane America? Very little in the short run, and not much in the long run. By borrowing from one another, banks will be able to build large and elaborate facilities in an expensive game of one-up-man-ship. Bank CEO's will get larger bonuses via loans from one another. Just a Wall Street screwing for the taxpayer; because the big money is still not going to be turned loose into the economy until the economy stabilizes, and it must reach bottom before it has stability and can begin the de-recession.
----
Have you noticed how the big oil companies like BP, Exxon, and Chevron are all acting like they have been on the "Green Earth" wagon ever since green is the "in" thing? It is propaganda to get their corporate mitts on off-shore, Alaskan, and eventually Antartic oil leases. Another big time polluter—Waste Management—is in on the "green is good" act. Any lie is a good lie if it makes a company look like responsible caretakers of the very earth which they have raped and pillaged for so many decades. Tell me this, since the price of gasoline has fallen so dramatically in the past few months, have you thought as much about alternative fuels as you did when it was $4/gal?
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We have two deer visiting our backyard each evening and night. Looks to be a doe and a nearly mature fawn. They are apparently bedding in a thicket just behind our house. Carolyn is now sharing my apples with them.
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Chris' a/c compressor is supposed to arrive today; finally! If I have the Escape back by Thursday evening, it will be off to the creek with me and off with my duds for the last bath of 2008, and probably the last until spring. The temps are forecast to be near 70 degrees on that day, but rainy. Maybe I will wait until after dark and just take my clothes off in the back yard and scrub real good in the rain. Probably go to the woods, though; I like to get naked and frolic about amongst the trees.
4 comments:
They need to leave the interest rate alone. We will pay for it being this low. It does show the gov't is really worried that things are very very bad. We are in for a few rough years.
I think the Fed chairman is the only person connected with the White House that has a clue or cares about the economy.
Very good picture of Carolyn the campfire girl.
Alice
I have to sneak up on her to get a shot of her face.
I will tell her, Alice. :-)
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