Front page above the fold… And getting plugged big time on the one snippet of CNBC I saw today. Although a final surge is always possible, I’d say this multi-year rally is closer to the end than the beginning. The only thing left could be a grand finale, or perhaps not. I am still negative on the dollar and most of the popular leveraged investments of the day. Cheers!
From the April 6th Washington Post:
Climate Researchers Feeling Heat From White House
By Juliet Eilperin
Washington Post Staff Writer
Thursday, April 6, 2006; A27
Scientists doing climate research for the federal government say the Bush administration has made it hard for them to speak forthrightly to the public about global warming. The result, the researchers say, is a danger that Americans are not getting the full story on how the climate is changing.
Employees and contractors working for the National Oceanic and Atmospheric Administration, along with a U.S. Geological Survey scientist working at an NOAA lab, said in interviews that over the past year administration officials have chastised them for speaking on policy questions; removed references to global warming from their reports, news releases and conference Web sites; investigated news leaks; and sometimes urged them to stop speaking to the media altogether. Their accounts indicate that the ideological battle over climate-change research, which first came to light at NASA, is being fought in other federal science agencies as well.
From the April 3rd New York Times:
John and Jerry
By PAUL KRUGMAN
Well, I’ll be damned. At least, that’s what the Rev. Jerry Falwell says. Last month Mr. Falwell issued a statement explaining that, in his view, Jews can’t go to heaven unless they convert to Christianity. And what Mr. Falwell says matters — maybe not in heaven, but here on earth. After all, he’s a kingmaker in today’s Republican Party.
Senator John McCain obviously believes that he can’t get the Republican presidential nomination without Mr. Falwell’s approval. During the 2000 campaign, Mr. McCain denounced Mr. Falwell and the Rev. Pat Robertson as “agents of intolerance.” But next month Mr. McCain will be a commencement speaker at Liberty University, which Mr. Falwell founded.
On “Meet the Press” yesterday, Mr. McCain was asked to explain his apparent flip-flop. “I believe,” he replied, “that the Christian right has a major role to play in the Republican Party. One reason is because they’re so active and their followers are. And I believe they have a right to be a part of our party.”
So what has happened since the 2000 campaign to convince Mr. McCain that Mr. Falwell is not, in fact, an agent of intolerance?