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Dollar - Doomed At 1.45?

The worst of the lot included housing starts which dropped more than 10% and jobless claims which swelled to 337K against 312K expected. The news pushed the Fed Funds futures to a 75% chance of a rate cut in October dragging the dollar to new lows. To add insult to injury the TICs data proved shockingly weak, printing at -$69 Billion versus $60 Billion projected. Many analysts noted that the vast majority of the outflow was in equities during the massive liquidation in August. With equity markets having recaptured and exceeded their record highs, the expectation for next month is that many of these negative capital flows will reverse. Although the prospect of an October rate hike is quite real, as we noted in our brief on Friday, "Chairman Bernanke must be aware that further monetary easing so soon after the 50bp cut in September, would immediately spur speculation of yet more cuts before the year end and could easily push the EURUSD to the 1.4500 figure within a matter of weeks, destabilizing an already woefully weak dollar." Next week the US calendar is relatively uneventful with yet more housing data and durable goods on the docket.


I Was a Progression Requirement Pusher

Students must obtain a cumulative grade-point average of 2.0 to graduate from my university. Sort of. In reality most students have to obtain a higher GPA for admission into a particular major. This second admissions hurdle is as important as gaining entrance into the university. Known often as a "progression requirement," it is one of the dirty little secrets in academe.

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In Harford County, trash has a bright future

The air inside the Harford County Resource Recovery Facility in Joppa is filled with an ever-present stench of trash.

"That's the smell of money," said Frank Henderson, Harford's deputy director of environmental affairs, as he took a deep breath at the plant that residents call simply "the waste-to-energy."

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Johnson, Kimberlin chat online

It depends on the type of previous issues and what was the final outcome.

Bill Kimberlin: I understand how some people might be confused over what took place many years ago in the municipal court. However I have no record as the case against me and the others was dismissed. It was a learning experience and everyone has grown and moved on. So yes it is OK to vote for me.

TJ: What changes are you prepared to make as priority and when will they take effect?

Bill Kimberlin: When elected I will immediately make the following changes: remove all social security numbers from public documents; make sure all court documents are processed in a timely manner; make all court documents available on a user-friendly Web site like all other counties in the state; begin a process to collect all outstanding court costs and fees owed to taxpayers of Erie County

Barbara Johnson: The first change is to get the records online for public viewing and that will take place as soon as financing is available.


Kelsey Duoss named to D3hoops.com all-decade team

The hallmark of UW-Stout basketball has been a relentless, pressing style with waves of perimeter scorers pushing their opponents up and down the floor.In 2006, Duoss added a different dimension to the attack.According to D3hoops.com, "What's changed, just a little bit, is the style of offense, thanks in no small part to Kelsey Duoss. The 6-2 junior averages 19.0 points per game, more than five points per game higher than any Blue Devil since before 1998-99."At her height, Duoss could play effectively in transition and on the block. Speaking of blocks, she had lots of them n 258 to set the WIAC record. Duoss' playing days aren't over yet. This summer she played in the Australian Women's National Basketball League.D3hoops.com all-decade teamFirst teamG, Megan Silva, Randolph-Macon 2006; G, Taryn Mellody, Scranton 2007; F, Allison Coleman, Eastern Connecticut 2004; F, Tasha Rodgers, Washington U.


 
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