Out With A Whimper

So long as we continue to trust the people, our nation will prosper, our liberty will be secure and the state of our union will remain strong.
     — George W. Bush, Final State of the Union Speech, Jan. 28, 2008

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A Wing And A Prayer

U.S. Federal Reserve Chairman Ben Bernanke responded to worldwide stock market declines of 5% Monday with a 75 basis-point cut in the Fed Funds rate Tuesday morning. The Fed’s largest single rate cut in 23 years was more notable for its coming just a week before the regularly scheduled meeting of the Fed Board of Governors on January 30.

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Another One Bites The Dust

Benazir Bhutto, former Prime Minister of Pakistan, head of the Pakistan People’s Party, and the most credible challenger to the rule of Pakistan’s current military dictator, Pervez Musharraf, was assassinated yesterday in Rawalpindi, outside the capital city of Islamabad.

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