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"All The News You Never Knew You Needed To Know ...Until Now." October 15 2009 Travus T. Hipp Morning News & Commentary: Until We All Get Around To Dying Off - Marijuana... The Baby Boomer's Medication Of Choice [Pop Out Player? Click Here] Prefer An MP3 Playlist? It's Here: [192kbps VBR 9:02 Minutes] Other Audio Formats Available [ Here ] Twitter This Commentary |
China does not need to import much natural gas, in contrast to petroleum (it imports nearly 4 mn. barrels per day of oil), and still has not gotten the terms from Russia it is seeking. Putin's initial approach to China with regard to natural gas exports created fears in Europe, which is heavily dependent on Russian gas, that their supply might be reduced in favor of Beijing. These anxieties and considerations around energy supplies are likely to drive geopolitics in the 21st century. [In Full]
Obama's proposal, announced Wednesday, calls for a one-time payment sometime next year. It would be equivalent to about 2% of the annual benefit for the average Social Security retiree, senior administration aides said, and would also go to Supplemental Security Income recipients, veterans, railroad retirees and government retirees. Each person would be eligible for just one $250 payment, even if he or she qualified under more than one program.[In Full]Meanwhile:
The public will get its first granular look Thursday at how the $787 billion stimulus package is being spent -- but the information may leave armchair auditors dissatisfied, and the data on job-creation data will be less than definitive.
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The White House estimated when the bill was enacted in February that it would create or save 3.5 million jobs, and administration economists estimate that it has saved or created 1 million positions so far. Skeptics note the rise in unemployment to nearly 10 percent; the White House says things would be much worse without the stimulus.[In Full]
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