News
Archives, May 6-12, 2007
Saturday, May 12th, 2007
- Bush
orders contingency plans for attack on U.S.
WASHINGTON (LA Times) — "President
Bush issued a formal national security directive
Wednesday ordering agencies to prepare contingency plans for a
surprise, "decapitating" attack on the federal government, and assigned
responsibility for coordinating such plans to the White House.
The
prospect of a nuclear bomb being detonated in Washington without
warning, whether smuggled in by terrorists or a foreign government, has
been cited by many security analysts as a rising concern since the
Sept. 11, 2001, attacks.
The order makes explicit that the focus of federal worst-case planning
involves a covert nuclear attack against the capital, in contrast with
Cold War beliefs that a long-range strike would be preceded by a notice
of minutes or hours as missiles were fueled and launched.
"As
a result of the asymmetric threat environment, adequate warning of
potential emergencies that could pose a significant risk to the
homeland might not be available, and therefore all continuity planning
shall be based on the assumption that no such warning will be
received," states the 72-paragraph order.
The statement added,
"Emphasis will be placed upon geographic dispersion of leadership,
staff, and infrastructure in order to increase survivability and
maintain uninterrupted Government Functions."
After the 2001
attacks, Bush assigned about 100 senior civilian managers to secretly
rotate to locations outside of Washington for weeks or months at a time
to ensure the nation's survival, a shadow government that evolved based
on long-standing "continuity of operations plans."
Since then,
other agencies including the Pentagon, the office of the Director of
National Intelligence and CIA have taken steps to relocate facilities
or key functions outside of Washington, citing factors such as
economics or the importance of avoiding Beltway "group-think.".."
Check your kits; check 'em twice. And
then check them again. Buy what you need to buy; fill in what
gaps of your response plans. This whole thing has meaning.
If it's wrong, well as they say, "It is better to be safe than
sorry."
Here, it is better
to be ready, than to be unprepared. Thanks Rzero for finding
this...
- Contingencies
for nuclear terrorist attack
San Francisco
(San Francisco Chronicle) - "As concerns grow that terrorists might
attack a major American city with a nuclear bomb, a high-level group of
government and military officials has been quietly preparing an
emergency survival program that would include the building of bomb
shelters, steps to prevent panicked evacuations and the possible
suspension of some civil liberties.
Many experts say the
likelihood of al Qaeda or some other terrorist group producing a
working nuclear weapon with illicitly obtained weapons-grade fuel is
not large, but such a strike would be far more lethal, frightening and
disruptive than the attacks of Sept. 11, 2001. Not only could the
numbers killed and wounded be far higher, but the explosion could,
experts say, ignite widespread fires, shut down most transportation,
halt much economic activity and cause a possible disintegration of
government order.
The efforts to prepare a
detailed blueprint for survival took a step forward last month when
senior government and military officials and other experts, organized
by a joint Stanford-Harvard program called the Preventive Defense
Project, met behind closed doors in Washington for a day-long workshop.
The session, called "The
Day After," was premised on the idea that efforts focusing on
preventing such a strike were no longer enough, and that the prospect
of a collapse of government order was so great if there were an attack
that the country needed to begin preparing an emergency program.
One of the participants,
retired Vice Adm. Roger Rufe, is a senior official at the Department of
Homeland Security who is currently designing the government's nuclear
attack response plan.
The organizers of the
nonpartisan project, Stanford's William Perry, a secretary of defense
in the Clinton administration, and Harvard's Ashton Carter, a senior
Defense Department official during the Clinton years, assumed the
detonation of a bomb similar in size to the weapon that destroyed
Hiroshima in World War II.
Such a weapon, with a
force of around 10 to 15 kilotons, is small compared with most Cold
War-era warheads, but is roughly the yield of a relatively simple bomb.
That would be considerably more powerful and lethal than a so-called
dirty bomb, which is a conventional explosive packed with some
dangerous radioactive material that would be dispersed by the
explosion.
The 41 participants --
including the directors of the country's two nuclear weapons
laboratories, Homeland Security officials, a number of top military
commanders and former government officials -- discussed how all levels
of government ought to respond to protect the country from a second
nuclear attack, to limit health problems from the radioactive fallout
and to restore civil order. Comments inside the session were
confidential, but a number of the participants described their views
and the ideas exchanged.
A paper the organizers
are writing, summarizing their recommendations, urges local governments
and individuals to build underground bomb shelters, much as people did
in the early days of the Cold War; encourages authorities who survive
to prevent evacuation of at least some of the areas attacked for three
days to avoid roadway paralysis and damage from exposure to radioactive
fallout; and proposes suspending regulations on radiation exposure so
that first responders would be able to act, even if that caused higher
cancer rates.
"The public at large will
expect that their government had thought through this possibility and
to have planned for it," Carter said in an interview. "This kind of an
event would be unprecedented. We have had glimpses of something like
this with Hiroshima, and glimpses with 9/11 and with Katrina. But those
are only glimpses."
Perhaps the most sobering
issue discussed was the possibility of a chaotic, long-term crisis
triggered by fears that the attackers might have more bombs. Such
uncertainty could sow panic nationwide.
"If one bomb goes off,
there are likely to be more to follow," Carter said. "This fact, that
nuclear terrorism will appear as a syndrome rather than a single
episode, has major consequences." It would, he added, require powerful
government intervention to force people to do something many may resist
-- staying put.
Fred Ikle,
a former Defense Department official in the Reagan administration who
authored a book last year urging attack preparation, "Annihilation from
Within," said that the government should plan how it could restrict
civil liberties and enforce a sort of martial law in the aftermath of a
nuclear attack, but also have guidelines for how those liberties could
be restored later.
That prospect underscored
a central divide among participants at the recent meeting, several
said.
Some participants argued
that the federal government needs to educate first responders and other
officials as quickly as possible on how to act even if transportation
and communication systems break down, as seems likely, and if the
government is unable to issue orders.
"There was a clear
consensus that a nuclear bomb detonated in the United States or a
friendly country would be an earth-shaking event, and we need to know
how we will respond beforehand," said Ikle. "I wish
we had started earlier, because this kind of planning can make an
important difference."
But others said the
meeting made it clear that the results of any attack would be so
devastating and the turmoil so difficult to control, if not impossible,
that the lesson should have been that the U.S. government needs to
place a far greater emphasis on prevention.
"Your cities would empty
and people would completely lose confidence in the ability of the
government to protect them," said Steve Fetter, dean of the School of
Public Policy at the University of Maryland. "You'd have nothing that
resembles our current social order. I'm not sure any preparation can be
sufficient to deal with that."
Fetter added, "We have to
hold current policymakers more responsible" for taking all out measures
to prevent a nuclear attack.
Raymond Jeanloz, a
nuclear weapons expert at UC Berkeley and a government adviser on
nuclear issues, said that California might be better prepared than most
states because of long-standing plans for dealing with earthquakes and
other natural disasters. Those plans, he said, could be a useful model
for first responders.
He added, as others did,
that the dislocation and panic caused by a nuclear strike could make
any responses unpredictable.
"The most difficult thing
is the fear that this kind of planning, even talking about it, can
cause," Jeanloz said.
Michael May, a former
director of the Lawrence Livermore National Laboratory, defended the
survival planning, saying that people should get used to the idea that
such a crisis, while dire, could be managed -- a key step in restoring
calm.
"You have to demystify
the nuclear issue," said May, who now teaches at Stanford's Center for
International Security and Cooperation. "By talking about this, you
take away the feeling of helplessness.".."
More indications of potentially something
big. Much thanks to our Friend Rzero in Europe for catching these
articles.
- Weak dollar, excess cash help fuel
Mergers & Acquisition Boom
NEW YORK (Reuters) - "Global financial markets awash in
liquidity,
due partly to a weak dollar, have spawned a flurry of mergers and
acquisitions this year, and as long as the greenback remains soft the
boom has further to run.
The weak dollar, which
has been pressured by gloomy U.S. growth
expectations and diminishing yield advantage over other major
currencies, has triggered huge increases in foreign exchange reserves
for countries such as China and Japan that don't want a soft dollar
because it erodes their export competitiveness.
The surge in foreign exchange reserves by global central
banks and a
robust stock market have ensured lots of cash to fund M&A deals,
analysts say. The surplus has kept global interest rates low and made
financing of these transactions a lot cheaper..."
More:
Retail
sales drop, inflation muted
The Privatized Bankers that control the
U.S. Dollar (The Federal Reserve Bank... they are no more "Federal"
than Federal Express) are really screwing the pooch on this. It
may be intentional, and it may not. I bet it is.
Friday, May 11th, 2007
- Inmates,
National Guard Rush to Slow Missouri River Flood Waters
BIG LAKE,
Mo. (Fox) — "Inmates joined the National Guard in
sandbagging efforts as floodwater crept toward homes and businesses
across northwest and central Missouri.
Big Lake and some
other small communities were already submerged. At Craig, inmates and
National Guard members helped move sandbags to protect the water
treatment plant, schools and an ethanol plant from the rising
floodwater.
The water got within "a hillbilly's whisker from going over in several
places," Holt County Sheriff Kirby Felumb said Thursday.
State officials said dozens of levees
have been topped or breached since a weekend of drenching thunderstorms
raise<>d rivers
and generated tornadoes that claimed 12 lives in Kansas..."
Big Lake, Missouri is now "Bigger Lake".
I'm not trying to be funny. I just find the irony to be
overwhelming.
- Greenspan
sees one-third chance of U.S. Recession
SINGAPORE
(Reuters) - "Former U.S. Federal Reserve Chairman Alan Greenspan said
on Friday he still believed there was a one-third chance that the U.S.
economy would slip into recession this year, reiterating a statement
made in March.
Greenspan shook markets in February when
he said it was possible
the U.S. economy might fall into recession by the end of the year. He
later said he saw a one-third chance of a recession.
"My arithmetic says if there's a
one-third probability of a
recession, then there's a two-thirds probability there won't be a
recession," Greenspan told a closed-door Merrill Lynch investor forum,
according to an official at the U.S. investment bank.
The United States economy grew at a
tepid 1.3 percent annualized
rate in the first quarter -- the weakest pace in four years.
Greenspan said he had not changed his
view on the health of the
world's biggest economy but conceded that some might say he had changed
his mind, the official quoted him as saying.
Greenspan spoke via a satellite link
from Washington. His remarks
contrast with those of Ben Bernanke, the Fed's chairman, who has played
down the risk of a recession..."
More:
Trade
gap puts dent into Q1 growth
1/3rd? I think Greenspan may be
sugar-coating his predictions, just a wee bit.
- Wildfire on California Resort
Island Spurs Evacuations
AVALON,
Calif. (Fox) — "A wind-driven wildfire scorched
more than 500 acres on the getaway spot of Santa Catalina Island
on Thursday, forcing evacuations just as firefighters were mopping up a
blaze at another Southern California playground, Los Angeles' sprawling
Griffith Park.
Officials
evacuated residents from hilltop homes on the island's city of Avalon
toward the beach, said Los Angeles County fire Capt. Ron Haralson.
Smoke
darkened the sky over Avalon's quaint crescent harbor, the landmark
1929 Catalina Casino and homes, restaurants and tiny hotels that cling
to slopes rising sharply above the waterfront. The smoke could be seen
from the mainland..."
That's why I am personally fond of building materials (such as steel
and brick) that won't ignite. Cinder blocks are nice too; but I
digress.
Thursday, May 10th, 2007
- Report:
National Guard May Be Needed to Enforce Quarantine in Flu Pandemic
WASHINGTON (Fox) - "Military
and civilian health facilities will be overwhelmed if a nationwide flu
pandemic
hits the United States, and the National Guard may have to be called
out to provide medical help and even enforce a quarantine, the Defense
Department warned in a report released Wednesday.
As the Pentagon fights criticism from congressional Democrats that the
war in Iraq is depleting the National Guard's ability to help out in
domestic crises, the 86-page report says a
possible pandemic could require National Guard assistance in supplying
medical aid or isolating groups of people to minimize further spread of
the disease.
About 3 million
people could
die as a result of a possible pandemic, with up to 35 percent of the
population falling ill, reads the report dated August 2006 and titled "The Department of Defense Implementation Plan
for Pandemic Influenza."
According
to the report, in the event of a pandemic or a bioterror attack, the
Defense Department may be called by the president to assist civilian
authorities in minimizing the spread of disease by placing restrictions
on interstate transportation. Jurisdictions, the report adds, would be
overwhelmed and unable to provide essential commodities and services.
In addition, the nation will not be able to rely on airlines..."
Translation: Don't get infected.
- Levee Breaks
Flood Some Areas in Missouri With More Flooding Possible
AGENCY, Mo. (Fox) — "Flood water topped at least 20 levees
protecting low-lying communities along the Missouri River and
other nearby streams, authorities said Wednesday.
Stretches
of highway have been closed and thousands of people have been evacuated
because of flooding caused by the huge weekend storm system that also
devastated Greensburg, Kan., with a deadly tornado.
"It's
a major flood," said National Weather Service meteorologist Suzanne
Fortin. "It won't be a record breaker, but it will be in the top
three.".."
DO NOT BUILD ON A PRIMARY FLOOD PLANE!!! OR A SECONDARY ONE FOR
THAT
MATTER. If you do, build your house on stilts and have a row-boat
tied
to the deck.
- Atlantic's First named storm whips
up wildfires
• Drought contributes to wildfires in Georgia and Florida
• Subtropical Storm Andrea forms off Southeast U.S. coast
• Atlantic hurricane season's official start three-plus weeks away
• First named storm has sustained winds near 45 mph
Florida (CNN) -- "Winds from the
first named storm of the year fanned
wildfires in Georgia and northern Florida on Wednesday, more than three
weeks ahead of the official start of the Atlantic hurricane season.
Subtropical
Storm Andrea, with maximum sustained winds of 45 mph (72 kph) and
higher gusts, was centered about 135 miles southeast of Savannah,
Georgia, and about 115 miles northeast of Daytona Beach, Florida, as of
11 p.m. ET on Wednesday, forecasters said.
Tropical storm-force winds extended
outward up to 105 miles from its center, mainly to the east..."
They keep saying "This is going to be a
busy Hurricane Season". Last year they were wrong. This
year; time shall tell.
Wednesday, May 9th, 2007
- Wildfire
forces home evacuations in L.A.'s heart
LOS ANGELES
(Reuters) - "Firefighters evacuated residents of an affluent Los
Angeles neighborhood and prepared to defend the upscale homes as a
wildfire in the city's largest park flared late on Tuesday night.
The blaze in Griffith Park, which authorities
say may have been
started by arson, began in the early afternoon and was fanned by
unseasonably high temperatures and hot Santa Ana winds through the
brittle, rain-thirsty brush.
Firefighters evacuated people from the hilly
park just east of the
landmark Hollywood sign, from a museum and from the city's zoo. Between
200 and 250 acres had burned by 10 p.m., fire officials said.
The orange flames above the Los Feliz
neighborhood, just miles
from Hollywood, were visible across much of the sprawling city. The
flames resurged after nightfall, when 25 percent of the fire was
reported to be contained.
"It is my understanding that we haven't lost
any homes, but there
has been damage to at least one structure," Mayor Antonio Villaraigosa
told reporters from the perimeter of the park..."
More:
Wildfire
Triggers Evacuations in Los Angeles
A lot of fires this year so far.
- Four
U.S. oil workers seized in Nigeria: sources
LAGOS
(Reuters) - "Heavily armed gunmen kidnapped four U.S. oil workers from
a barge off the Nigerian coast near Chevron's Escravos oil export
terminal on Wednesday, said security sources.
The barge was laying pipelines for the U.S.
oil company, said the sources.
On Tuesday, Nigerian rebels blew up three oil
pipelines in the
Niger Delta, forcing Italian oil company Eni to halt production of
150,000 barrels per day (bpd) feeding its Brass export terminal, a
source at Eni said.
The Movement for the Emancipation of the Niger
Delta (MEND), which
has forced the shutdown of more than a quarter of Nigeria's oil output,
said the attack was designed to embarrass President Olusegun Obasanjo
in his last days in office..."
The resource wars are beginning. Not to
mention the dead and captured Chinese Oil workers in the neighboring
countries.
- Dollar
drifts sideways before Fed decision
TOKYO
(Reuters) - "The dollar drifted sideways against major
currencies on Wednesday as market players looked to see whether the
Federal Reserve would signal concern about weaker U.S. growth that
could be a precursor to an interest rate cut.
The Fed is widely expected to
keep rates on hold at 5.25 percent,
and many analysts believe the central bank will emphasise in its
post-meeting statement that worries about inflation pressures outweigh
the economy's housing-led slowdown.
Weaker growth in the United
States has stirred expectations that the
Fed's next move will be to cut rates even as robust conditions
elsewhere in the world have kept other major central banks on track to
raise rates, luring funds to those currencies..."
I would rather see it drift "sideways"
then to go down.
Tuesday, May 8th, 2007
- Evacuations
Ordered in Florida, Minnesota as Wildfires Grow
TALLAHASSEE, Fla. (Fox)
— "Further evacuations were ordered Monday in windy, parched
Florida as a wildfire crept within a quarter-mile of several
homes, one of numerous blazes that occupied crews around the country.
A fast-growing
fire forced evacuations in northeastern Minnesota, and the area damaged
by Georgia's largest-ever wildfire surpassed 100,000 acres — about 156
square miles — as that blaze continued to spread.
Residents in at
least three areas of Florida
were ordered to leave, and hundreds more were on standby. About 20
homes in Walton County in the Panhandle were evacuated as a 300-acre
fire threatened the neighborhood, said Jim Harrell, a spokesman for the
state Division of Forestry..."
Many say this is a
"season" for wildfires. I have my doubts.
- Dollar
dips ahead of central bank meetings
TOKYO
(Reuters) - "The dollar edged lower against major currencies on
Tuesday ahead of three central bank meetings that may underscore market
expectations for U.S. interest rates to fall this year as rates in
other major economies rise.
The Australian dollar was the
biggest gainer as strong consumer
spending data boosted growth across the economy and kept upward
pressure on inflation and interest rates.
While the Federal Reserve is
seen holding benchmark short-term rates
at 5.25 percent after its meeting on Wednesday, analysts say officials
may mention signs of slower U.S. growth after recent data revealed
anaemic job growth in April, which would weigh on the dollar..."
Ah yes the overheated U.S. Economy is finally
showing signs of severe wear at the seams.
- Israeli
Archaeologist Finds Tomb of King Herod
JERUSALEM (Fox) — "An
Israeli archaeologist has found the tomb of King Herod, the legendary
builder of ancient Jerusalem and the Holy Land, Hebrew
University said late Monday.
The tomb is at a
site called Herodium, a flattened hilltop in the Judean Desert, clearly
visible from southern Jerusalem. Herod built a palace on the
hill, and researchers discovered his burial site there, the university
said.
The
university had hoped to keep the find a secret until Tuesday, when it
planned a news conference to disclose the find in detail, but the
Haaretz newspaper found out about the discovery and published an
article on its Web site.
Herod became the
ruler of the Holy Land under the Romans around 74 B.C. The wall he
built around the Old City of Jerusalem still stands, and he also
ordered big construction projects in Caesaria, Jericho, the hilltop
fortress of Massada and other sites..."
Another Biblical Prophecy proving that
we are living in the "End Times"? I'm not sure, but many are
saying so.
Monday, May 7th, 2007
- 7
looting suspects arrested in storm-ravaged Kansas town
• 4 soldiers, reserve police officer suspected of looting cigarettes,
alcohol
• The 5 had come on their own and were not part of any official
detachment
• Uniforms allowed suspects to come, go freely despite town curfew
• Also, 2 people in Red Cross jackets arrested, suspected of looting
GREENSBURG, Kansas
(AP) -- "Four soldiers and a reserve police
officer were arrested Sunday on suspicion of looting cigarettes and
alcohol from a store in this tornado-ravaged town, state officials said.
In
a separate incident, two people wearing Red Cross jackets who were not
members of the relief agency were arrested Sunday on suspicion of
looting, said Sharon Watson, a spokeswoman for the adjutant general's
office. She did not have any additional details.
The soldiers
from Fort Riley Army base and the reserve police officer had come to
assist on their own and were not part of any official detachment, said
Maj. Gen. Tod Bunting, the state's adjutant general.
"These were people who
weren't supposed to be there," Bunting said.
Watson
said the five were arrested at a Dillon's supermarket and were being
held at the Pratt County Jail without bail. They have not yet been
charged.
Watson said the five were
in uniform, so police allowed
them to come and go freely despite a town curfew. She said the officer
was from a central Kansas community, but she was not sure which
town..."
The people who are
supposed to be the most honorable and most trustworthy are sometimes
the ones stabbing you in the back.
All the more
reason to be capable of taking care of yourself.
“The truth is that all men having power ought to be mistrusted.” -
James Madison
- Average-gasoline
prices hit all-time high
NEW YORK (Reuters) - "U.S. average
retail gasoline prices rose to an
all-time high over the past two weeks, due to a number of refinery
outages, according to the latest nationwide Lundberg survey.
The national average
price for self-serve regular unleaded gas was
$3.0684 a gallon on May 4, an increase of 19.47 cents per gallon in the
past two weeks, according to the survey of about 7,000 gas stations.
The prior all-time record
was an average price of $3.0256 per gallon, that was reached on August
11, 2006.
However, the current price is
6.4 cents short of the
inflation-adjusted high that was reached in March of 1981, at that time
regular grade self serve gasoline was $1.35 per gallon, but on an
inflation-adjusted basis today that would translate into $3.13 per
gallon..."
More:
Gas
prices hit record high
It begins. Be ready for the prices to
keep going up.
- New
Orleans' Rebuilt Levees "Riddled With Flaws"
New
Orleans
(National Geographic) - "Almost a year ago the U.S. Army Corps of
Engineers declared that it had restored New Orleans' levees and
floodwalls to pre-Hurricane Katrina strength.
But the system is actually riddled with
flaws, and a storm even
weaker than Katrina could breach the levees if it hit this year, say
leading experts who have investigated the system.
The unwelcome news comes as residents
gird for what is predicted
to be a "very active" Atlantic hurricane season, and as residents are
still slowly rebuilding their homes and lives after Katrina.
During a recent inspection of the levee
system with National
Geographic magazine, engineering professor Bob Bea of the University of
California, Berkeley, found multiple weak spots.
The most serious flaws turned up in the
rebuilt levees along the Mississippi River Gulf Outlet ship channel..."
If you live in an area with questionable
safety protocols, be smart. Get out while you still can.
Sunday, May 6th, 2007
- Search
for survivors under way in leveled town
• NEW: Weather service predicts more tornadoes on Plains
• President Bush declares major disaster in southwest Kansas
• More than 50 touchdowns reported Saturday
• Most of Greensburg, Kansas, heavily damaged or destroyed
GREENSBURG, Kansas
(CNN) -- "Rescue workers Sunday continued sifting through piles of
rubble -- some towering as high as 30 feet -- looking for survivors
from a wave of tornado-packing storms that killed nine people and
essentially wiped Greensburg, Kansas, off the map.
The
National Weather Service, meanwhile, predicted the Central Plains may
see more devastation as another spate of storms -- along with a "few
strong tornadoes" -- was predicted to slam into the area Sunday
afternoon and evening.
"The
areas most likely to experience this activity include central Kansas,
western Oklahoma and the eastern Texas Panhandle," the weather service
said.
The search for survivors
in Greensburg was suspended
Saturday when a second round of storms struck the already-devastated
region..."
More:
Bush
declares tornado-struck Kansas disaster area
Wiped off the map; 9
dead. This is no Plainsville, but still a nasty storm. The
right time of year with the right conditions. Nothing new or
freakish about this. The Great Plains have always been known for
such devestating storms. The average frequency and intensity of
these storms, to date, have remained unchanged.
In any event, if
you live in Tornado Alley, you should already be aware of what
precautions to take; and take them.
- Bird
flu re-emerges in central Vietnam, kills ducks
HANOI (Reuters) - "Bird flu has been found on a duck farm in
central
Vietnam, the first outbreak of the disease in more than a month, the
government said on Sunday.
Tests showed the H5N1
virus had killed 160 ducklings in the farm in
Nghe An province on May 1, the Agriculture Ministry's Animal Health
Department said in a report. It said the 40-day-old ducklings had not
been vaccinated against bird flu.
By Friday another 90
ducks died in the same farm, prompting health workers to slaughter the
remaining 360 fowl, the report said.
The H5N1 virus has killed 42 people
in the Southeast Asian country
since it re-surfaced in Asia in late 2003 but Vietnam has had no human
cases since November 2005..."
The next
pandemic? Watch and find out.
- Dollar
falls on soft payrolls report
NEW YORK (Reuters) - "The dollar fell on Friday after a report
showed
U.S. payrolls in April grew at their slowest pace in more than two
years, suggesting an economic slowdown has finally caught up with the
labor market.
The data cast a cloud
over near-term U.S. growth and bolstered the
case for an interest rate cut by the Federal Reserve later this year,
pushing the euro to a session peak at $1.3610 (EUR=: Quote, Profile,
Research, near a record high above $1.3680.
Earlier this week, the
dollar enjoyed its biggest rally in two
months against the most liquid currencies as reports showing strength
in the U.S. manufacturing and services sectors in April snapped a
string of weak economic data..."
More:
Fed
to hold rates steady, cite inflation worries
This does not bode well for the
"Strongest Economy on Earth".
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