Still A Guy

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We cannot continue to rely on our military in order to achieve the national security objectives we’ve set. We’ve got to have a civilian national security force that’s just as powerful, just as strong, just as well-funded.

NEW YORK (CNN) -- U.S. Airways is pressuring pilots to use less fuel, undermining their authority and possibly compromising safety, according to a spokesman for the U.S. Airline Pilots Association.
U.S. Airways says it wants pilots to balance an appropriate amount of fuel with rising gas prices.
Eight pilots and their union have filed complaints with the Federal Aviation Administration, accusing the airline of infringing on their authority and making them fly with less fuel than they feel is safe, said James Ray, a spokesman for the U.S. Airline Pilots Association.

In a dramatic move yesterday President Bush removed the executive-branch moratorium on offshore drilling. Today, at a news conference, Bush repeated his new position, and slammed the Democratic Congress for not removing the congressional moratorium on the Outer Continental Shelf and elsewhere. Crude-oil futures for August delivery plunged $9.26, or 6.3 percent, almost immediately as Bush was speaking, bringing the barrel price down to $136.
Now isn’t this interesting?
Democrats keep saying that it will take 10 years or longer to produce oil from the offshore areas. And they say that oil prices won’t decline for at least that long. And they, along with Obama and McCain, bash so-called oil speculators. And today we had a real-world example as to why they are wrong. All of them. Reid, Pelosi, Obama, McCain — all of them.

July 14 (Bloomberg) — U.S. stocks fell, sending financial shares to their lowest level since October 1998, on heightened concern that bank failures will spread.
Washington Mutual Inc. posted its biggest drop ever and National City Corp. tumbled to a 24-year low after last week’s collapse of IndyMac Bancorp Inc. spurred speculation that regional banks are short of capital. The companies said they’ve seen no unusual depositor activity. Fannie Mae and Freddie Mac erased an earlier rally fueled by Treasury Secretary Henry Paulson’s plan to help rescue the largest U.S. mortgage lenders. Alcoa Inc. jumped, limiting the Dow Jones Industrial Average’s drop, after Goldman Sachs Group Inc. advised buying the shares.”
There's a significant amount of grave concern about the banking sector,'' said T.J. Marta, a fixed-income strategist at RBC Capital Markets in New York, the investment-banking arm of Canada's biggest lender. ``Now what we're having is solvency concerns.''
July 14 (Bloomberg) -- The U.S. Treasury Department's plan to shore up FannieMae and Freddie Mac is an "unmitigated disaster'' and the largest U.S. mortgage lenders are "basically insolvent,'' according to investor Jim Rogers.
Taxpayers will be saddled with debt if Congress approves U.S. Treasury Secretary Henry Paulson's request for the authority to buy unlimited stakes in and lend to Fannie Mae and Freddie Mac, Rogers said in a Bloomberg Television interview. Rogers is betting that Fannie Mae shares will keep tumbling.
PASADENA, California (Reuters) - Hundreds of worried IndyMac Bancorp Inc customers descended on the company's branches on Monday to withdraw their money, after regulators seized what was once one of the largest mortgage lenders in the United States.
Regulators took over the Pasadena-based lender on Friday after a bank run in which customers -- panicked over IndyMac's survival prospects -- withdrew $1.3 billion over 11 business days, regulators said.