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POPSMeet the World's New Reserve Currency: The Chinese Yuan The November summit in Washington could produce some unwelcome surprises which were hinted at by Thailand's Deputy Prime Minister, Olarn Chaipravat, who told Bloomberg News: , "The message of this initiative is for China to consider whether or not China would open up its banking system and allow the strongest currency in the world, which is the Chinese yuan, to be the rightful and anointed convertible currency of the world." Surely, the present financial malaise which has its roots in Wall Street and at the Federal Reserve, has demonstrated that the dollar must be replaced as the world's "reserve currency" and that America must be deposed as the de facto steward of the global economic system. Leadership implies responsibility and the US must be held to account for its failings. It's time for a change.
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POPSCrash in Process? Global Markets Tumbling!
What the Dow did Wed is rippling globally. All markets are falling! This will cause people to make immediate changes (as some 401ks allow) to their plans, shifting from stocks to bonds, which will further the collapse into an avalanche. It was reported by the MSM that this was based upon news that recession is certain and job layoffs are being announced now by major corporations. Further, I believe many corporations will decide that since the market has declined so bad, that they will not play games to show good earnings reports for the quarter, and instead blame the market for stock price falling, and post their undoctored poor performance, which will further erode stock prices. This could be huge. The Bailout Plan was a sham. Those who voted against it were right. The market is convulsing to adjust on its own as if there was none. This looks like a crash course of historic proportions (the declines already set records) before the end of October.
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POPSGAO testifies surge has not met goals Only 4 of the 18 benchmarks have been met and only 1 benchmark has been met since the 3 that were met as of Aug. 2007 report. Petraeus is careful not to credit all the progress to the surge of U.S. troops in 2007. The sea change came last year from a series of movements now known as the Awakening. So would the Sunni Awakening have succeeded without the surge? Possibly, he concedes. The 18 benchmarks by which to measure the surge's success are here: http://www.whitehouse.gov/news/releases/2007/07/20070712.html
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POPSBernanke, Paulson, Trichet May Act to Unblock Lending (Update1)
Rates are also surging in the commercial paper market that many U.S. companies use to finance their day-to-day operations. Yields on overnight U.S. commercial paper jumped 0.94 percentage point to 3.68 percent. `The Federal Reserve must now act as a clearing house'' for banks and ``must also take another bold step: outright purchases of commercial paper, said Bill Gross, manager of the world's biggest bond fund at Newport Beach, California-based Pacific Investment Management Co. Europe's Dow Jones Stoxx 600 Index having its steepest intraday decline since 1987 and emerging markets, until now the locomotives of the world economy, hit particularly hard: exchanges in Russia and Brazil halted trading. One less complicated step would be for central banks to lower rates in concert. Traders are betting that the Bank of England will lower rates at a meeting this week, and that the Fed will cut its benchmark by at least half a point at or before an Oct. 28-29 gathering.
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POPSWill Pfizer Buy Bayer? A Pfizer-Bayer deal is the unsubstantiated market rumor of the day. There are reasons to doubt the rumors. Pfizer's previous mega-deals haven't exactly paid off. And buying a European drug firm isn't exactly appealing given the current state of the dollar. But one stumbling block listed by Reuters, that Bayer is a healthcare-chemicals conglomerate, not just a drug company, doesn't seem that big a deal for me. In fact, Pfizer might be excited to get Bayer's diagnostics business. Being a mix of medical devices, diagnostics, and drugs has worked pretty well for Abbott Laboratories and Johnson & Johnson, after all.
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POPSScientists Develop New Computational Method To Investigate Origin Of Life "Retroelements are an ancient and highly diverse class of proteins; therefore, they provide a rigorous benchmark for us to test our approach. We are happy with the results we derived, even though our method is in an early stage," said Patterson. The team plans to make the algorithms that they used in their method available to others as open-source software that is freely available on the Web. Scientists map out the evolutionary histories of organisms by comparing their genetic and/or protein sequences. Those organisms that are closely related and share a recent common ancestor have greater degrees of similarity among their sequences.
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POPSBenchmarking program For testing your systems limitations and ensuring they meet standard. This Freeware product is easy to use and provides accurate information.
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