http://www.truthout.org/11280904

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World markets, however, may have to wait for a rescue announcement until Sunday, once office reopen in Abu Dhabi, says Mr. Gartman, considered an authority on global financial issues. But he anticipates some sort of bailout. “These are not silly people, they are very bright,” he says.

The Arab Monetary Fund, though, is likely to ask Dubai World for more restraint, says Gartman. Dubai World has been an aggressive real estate developer, investing in everything from Troon golf courses and the Turnberry golf courses in Scotland. It has interests in the Chris Evert Tennis Centres and the Snowmass resort in Colorado. It also owns P&O Maritime Services, the major Australian-based company that does defense contract work, and Drydocks World, which provides shipping services in places like Singapore as well as the Persian Gulf.

Even after the crisis gets resolved, Mr. Gartman wonders if it will represent a turning point in the equity markets, which have been on a bull run all year.

“This changes psychology a lot,” he says. “What has driven share prices up is not a strong economy but excess liquidity. As share prices went up, people said, ‘I better get in.’ ”

He calls this crisis “reasonably pivotal.” However, he adds there have been plenty of times when what seems like pivotal points in the market proved to be ephemeral. “This one may not be [ephemeral],” he adds.

Indeed, some investors have begun to sound the alarm. David Kotok, chairman of Cumberland Advisors in Vineland, N.J., wrote on Thursday, “The Dubai World debt crisis has contagion risk.”

Even if Dubai is rescued by Abu Dhabi, he added, “insolvency cannot be permanently papered off by excess liquidity, not in the Middle East nor, for that matter, in America.”

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Check out the fake straight Dude next to him…

Posted by Joe.My.God.

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Her vote makes 60! …Thanks in part to the disaster that was created by Karl Rove, George W. Bush and Dick, “The Dick” Cheney!  Now the vote moves to the floor and we get to watching the Republicans cry and complain why they hate low-income people and why rich assholes should be allowed to continue to kill-off the American public.

From the New York Times:

“I’m thinking about the 450,000 Arkansans who have no health insurance,” she said as she lent her support to an initial procedural step in the most closely watched floor speech of the day. “I’m not thinking about my re-election, the legacy of a president or whether Democrats or Republicans are going to be able to claim victory in winning this debate.”

The Senator is married to a physician and the mother of twins.  She is up for re-election in 2010 and the Republicans are aiming to use her support as a means to kick her out.

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According to the Washington Independent, a liberal blogger stood in line for hours to have his book signed by the baked Alaskan, only to realize that she once again, quit early and ditched the entire tour stop. So, he began to, well… as you can see:

Those French Communists over at Minnesota Progressive Project are at it again. Leave it to that Satan worshipping Two Putt Tommy to expose the Holy Father’s hand-selected political children wandering deep inside the wilderness while supporting erectile dysfunctionality…

…Apparently, the gods on Mt Google aren’t participating…

Since Michael Brodkorb has fallen off the map to join the Minnesota GOP, his precious website has fallen into complete obscurity.  Who’s reading that cobweb these days?