Archive for July 28th, 2009

By Matthew Brown and Yasuhiko Seki

July 28 (Bloomberg) — The dollar fell to the lowest level this year against the currencies of six major U.S. trading partners as speculation the global economy is emerging from the recession reduced demand for a refuge.

The Australian dollar advanced to the highest level since September against the U.S. currency after the Reserve Bank said the economy may rebound faster than forecast six months ago. The euro climbed to a seven-week high against the dollar after Deutsche Bank AG said second-quarter profit rose 68 percent, beating analysts’ estimates. Read the rest of this entry

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By Lance Fairchok

Enabling tyrants is never wise, and whether political or religious, a despot cares nothing for “social justice” except as a rhetorical tool. The success of their “revolutionary struggle” is paramount. The downtrodden and disadvantaged swayed by their populism seldom prosper for long, because in the end it is about power and conquest and control. President Obama has yet to realize that in the real world, the diplomacy of jackals seldom goes well for the sheep. Read the rest of this entry

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By Bruce Walker

As I noted four weeks ago, Scott Rasmussen’s daily presidential tracking poll has shown a very steady increase in the number of Americans who have a “very unfavorable” view of Obama’s presidency and a corresponding, though less dramatic, decline in the number of Americans who have a “very favorable” view of his presidency. As of July 27, the negative gap between these two groups of highly motivated voters was ten percentage points. Polls which focus only on softer “favorable” and unfavorable” opinion still appear to keep the Obama Presidency in safe political water, but that is misleading for several reasons. Read the rest of this entry

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