Month: November 2006

Marchex Update

Mchx20061129id
Marchex, Inc. (NASDAQ: MCHX): 1:30 PM NYC time, November 29th: It’s been a while since I mentioned Marchex, but at the bottom of a 2-year trading range, I figured I’d take a look. The company owns one of the Internet’s largest domain name portfolios and is monetizing them through development and paid parking programs. The stock is heavily shorted and some of the shorts and friends of shorts are nosing around for dirt (see here and here). The pop you see a couple of weeks ago (two candles ago on the above weekly chart) was driven…

(more…)

Another $127-$150 Billion for Bush’s War

Childimmunizationorwardeath
To put Bush’s request into perspective, lets compare it to the cost of child immunization in developing countries (because Bush openly states how much he cares about children). In 2004, UNICEF supplied vaccines for 40% of the world’s children, or 2.8 billion doses, for $374 million, or 0.25% to 0.29% of Bush’s war money request. To put it another way, for this *one* supplemental request — and that’s one of many — UNICEF could afford to supply vaccines to 100% of the world’s children for up to the next 160 years. All I can say is Wow, George, for a guy who is against abortion and supposedly for protecting children you sure do have a lot of blood on your hands. Nice religion you got there, buddy. Click through to read the LA Times article.

(more…)

Cubes Update – Follow The Falling Dollar

Qqqq20061127
The Cubes (NASDAQ: QQQQ): 5:10 AM NYC time, November 28th: Just a quick update on this first trading day after the Thanksgiving holiday weekend. As you can see, market posted a distribution day, showing the largest drop and largest volume spikes in months. It’s still above the key 20-day EMA, which has been a great buying spot since August. On the “news” and fundamental side, we have…

(more…)

Finally a TV Network Calls It What It Is: A Civil War

Brianwilliamsgeorgebushb
From the NBC Nightly News anchorman’s (Brian Williams) blog: 2006/11/25: “[O]ur decision today (after much consultation over the weekend with our colleagues, fellow journalists, historians, analysts and members of the military, both present and former) to describe the fighting in Iraq as a Civil War. We believe it is a more accurate reflection of what is happening there, and there was a fair amount of reaction to the decision today… even though a number of news organizations have already made a similar call.”

Click through to read the LA Times article:

(more…)

Article: No One to Lose To

Bushinadequacte
From the November 25, 2006, NYT:

No One to Lose To
By MAUREEN DOWD

After the Thanksgiving Day Massacre of Shiites by Sunnis, President Bush should go on Rupert Murdoch’s Fox News and give an interview headlined: “If I did it, here’s how the civil war in Iraq happened.”

He could describe, hypothetically, a series of naïve, arrogant and self-defeating blunders, including his team’s failure to comprehend that in the Arab world, revenge and religious zealotry can be stronger compulsions than democracy and prosperity.

But W. is not yet able to view his actions in subjunctive terms, much less objective ones. Bush family retainers are working to deprogram him, but the president is loath to strip off his delusions of adequacy.

(more…)

Article: Bring back Saddam Hussein?

Saddamhusseinc
I’ve wondered if the people of Iraq — and the rest of the world for that matter — would have been better off if Bush had never lied his way into the invasion. What would the world look like? Saddam Hussein would likely still be in power, hundreds of thousands of murdered Iraqis would still be alive, the Abu Grab and Guantanamo scandals would have never happened, thousands of “coalition” kids would be alive, billions of dollars would not have been funneled to rich people in the political, military, industrial, war and oil industries, the people who carry out the next grand-scale 9/11-style attack might never have been recruited, etc. But since you can’t go back in time, unless you’re Superman, I’ve turned my curiosity forward, asking myself what would happen if Saddam was put back in power. Can someone explain why that is a worse idea than all the others idiotic ideas out there? I know Saddam is a tyrant… He’s also a tyrant that kept the country out of civil war. And remember, we would not even be having this conversation if it wasn’t for some idiot from Texas named Bush. Thanks, George, you a-hole. See continuation of this posting for the LA Times editorial:

(more…)

Euro Breaks $1.30 – First Time Since April 2005

Fxe20061122
As discussed in my posts going back to November 2004, the dollar has serious fundamental and technical problems. The chart above is the latest manifestation, showing the Euro Currency ETF (Amex: FXE) breaking to a high against the dollar. More problems can be expected over time, though with such as vicious thrashing over the past few days a short-term counter-trend is likely. New positions could be considered on that bounce’s failure. See below for the blurb on CBSMarketWatch.com’s home page today. Cheers!

(more…)

The Civil War Deepens

Iraqcivilwar

From the Thanksgiving Day (2006-11-23) front page of CNN.com:

U.N.: Iraqi civilian death toll reaches new monthly high

Story “Highlights”

•The U.N. says more than 7,000 Iraqi civilians died in September and October
•October was deadliest month since the 2003 U.S. invasion, the report says
•Sectarian strife and terrorism are to blame for the violence, the report finds
•Attacks have risen against journalists, women, minorities and professionals

BAGHDAD, Iraq (CNN) — Insurgent attacks in Iraq killed 3,709 civilians last month, making October the deadliest month since the war began in 2003, according to U.N. figures.

(more…)

STICKY: How to Navigate This Blog and Other Important Stuff…

EXCLUSIVE DEALS FROM YAHOO!

A) Sign up for Yahoo! Personals 7 Day Free Trial

B) Download the Yahoo! Music Jukebox Plus

C) Reliable web hosting from Yahoo! Web Hosting – 35% off for a limited time!

NAVIGATION:

1) On most posts, you must click “continue reading” to see all the text or pictures.

2) To find posts not shown on the front page, use the links you see on the left and right side of this blog: “recent posts,” “archives,” and “categories.”

3) Use the “Email/RSS Feed” tools at the top right to grab the RSS feed or subscribe via email.

Flashupdates

If you haven’t read it already, check out Chas Freeman’s speech to the United States Information Agency Alumni Association: Why Not Let Them Hate Us, as long as They Fear Us?

STICKY: How to Navigate This Blog

Use the Recent Posts and Archives links on the left hand side of this blog and the Categories links on the right side. Use the “Email or RSS Feed” tools at the top right of this blog to subscribe via email or grab the RSS feed. Enjoy! -chrisco

How to Navigate This Blog

EXCLUSIVE DEALS FROM YAHOO!

A) Sign up for Yahoo! Personals 7 Day Free Trial

B) Download the Yahoo! Music Jukebox Plus

C) Reliable web hosting from Yahoo! Web Hosting – 35% off for a limited time!

NAVIGATION:

1) On most posts, you must click “continue reading” to see all the text or pictures.

2) To find posts not shown on the front page, use the links you see on the left side of this blog: “recent posts,” “archives,” and “categories.”

3) Use the “Email/RSS Feed” tools at the top right to grab the RSS feed or subscribe via email.

4) Email me to request images or prints.

Article: Sweden Tops Climate Change List

Swedenwindfarm

Sweden Tops Climate Change List
By ELIZABETH A. KENNEDY, Associated Press Writer
Mon Nov 13, 6:38 PM ET

NAIROBI, Kenya – Sweden, Britain and Denmark are doing the most to protect against climate change, but their efforts are not nearly enough, according to a report released Monday by environmental groups.

The United States — the world’s biggest emitter of greenhouse gases — ranked at 53, with only China, Malaysia and Saudi Arabia doing worse.

(more…)

Article: The Great Revulsion

Bushjeopardy

From the November 10, 2006, New York Times:

The Great Revulsion
By PAUL KRUGMAN

I’m not feeling giddy as much as greatly relieved. O.K., maybe a little giddy. Give ’em hell, Harry and Nancy!

Here’s what I wrote more than three years ago, in the introduction to my column collection “The Great Unraveling”: “I have a vision — maybe just a hope — of a great revulsion: a moment in which the American people look at what is happening, realize how their good will and patriotism have been abused, and put a stop to this drive to destroy much of what is best in our country.”

At the time, the right was still celebrating the illusion of victory in Iraq, and the bizarre Bush personality cult was still in full flower. But now the great revulsion has arrived.

(more…)

Bush: American Voters Too Dumb To Understand

Bushrejected
QUOTE FROM THE ARTICLE: He was asked if his surprise at the election results showed he was out of touch with Americans. “I thought when it was all said and done,” he replied, “the American people would understand the importance of taxes and the importance of security.” So it was just that the American people were too dumb to understand?

From the November 9, 2006, New York Times:

A Come-to-Daddy Moment
By MAUREEN DOWD

Poppy Bush and James Baker gave Sonny the presidency to play with and he broke it. So now they’re taking it back.

(more…)

Article: U.N. List of Best Places to Live in the World

Sweden_map
U.N. List of Best Places to Live in the World
By Evelyn Leopold
Thu Nov 9, 2006

UNITED NATIONS (Reuters) – Norway, Iceland, Australia, Ireland and Sweden rank as the best five countries to live in but Africa’s quality of life has plummeted because of AIDS, said a U.N. report released on Thursday.

The United States was ranked in eighth place, after Canada and Japan, in the report that rates not only per-capita income but also educational levels, health care and life expectancy in measuring a nation’s well-being.

(more…)