Technorati: Discussion about “ Dollar's Slump Erases Months Of Solid Gains”

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class="item"> <div class="channel-source"> From the <a href="/web/20081222234425/http://technorati.com/lifestyle/travel">Travel channel</a> » </div> <h2> Dollar's Slump Erases Months Of Solid Gains</h2> <a class="url external" href="http://web.archive.org/web/20081222234425/http://www.washingtonpost.com/wp-dyn/content/article/2008/12/17/AR2008121703940.html?wprss=rss_business%2Feconomy">http://www.washingtonpost.com/ wp-dyn/ content/ artic...</a> <blockquote class="entry-summary"><p> <p>The dollar yesterday staged one of its biggest one-day drops against the euro and fell to a 13-year low against the Japanese yen as near-zero interest rates and the Federal Reserve's plan to print vast sums of cash dilute the value of the greenback.</p> </blockquote> <div class="meta"> <span class="updated"> 4 days ago</span> </div> </div> <div class="source"> <h2 class="subject"><a href="/web/20081222234425/http://technorati.com/publications/http%3A%2F%2Fwww.washingtonpost.com%2F">The Washington Post</a></h2> <a class="url" href="http://web.archive.org/web/20081222234425/http://www.washingtonpost.com/">http://www.washingtonpost.com/ </a> <div class="thumbnail"> <a class="image-link" href="http://web.archive.org/web/20081222234425/http://www.washingtonpost.com/"><img src="http://web.archive.org/web/20081222234425im_/http://direct.shots.snap.com/preview?url=http%3A%2F%2Fwww.washingtonpost.com%2F&key=e2ed42e51891a2e6ffddef4171b23cf0&src=technorati.com&cp=api_shot_preview!preview!208.66.64.4&v=3.61&ex=0&ol=0&origin=api&tok=0003495960d82d9120cf0671cb7d15f500e9488e6c" width="128" height="94" alt="The Washington Post thumbnail"/></a> <a class="snap_shot" href="http://web.archive.org/web/20081222234425/http://www.washingtonpost.com/">view larger thumbnail</a> </div> </div> <div id="share-this">  <script type="text/javascript" src="http://web.archive.org/web/20081222234425js_/http://w.sharethis.com/widget/?tabs=email%2Cweb&charset=utf-8&style=default&publisher=d4257290-7e88-444c-b499-41b774b6ec2f&linkfg=%234261DF"></script> </div> </div></div> <div id="reactions" class="module"> <div class="header"> <h3>Reactions <span>/ <em>posts that link to this article</em></h3> <span class="more"><a href="?reactions">View all reactions</a> »</span> </div> <ul class="root hfeed"> <li class="hentry"> <a class="content-toggle inactive" href="#"></a> <a class="photo" href="/web/20081222234425/http://technorati.com/people/technorati/tbfordham" title="tbfordham"><img src="http://web.archive.org/web/20081222234425im_/http://static.technorati.com/progimages/photo.jpg?uid=1279639" width="24" height="24" alt="Photo of tbfordham"/></a> <h4><a href="/web/20081222234425/http://technorati.com/posts/BvwiYinEd26byJjYAgfkqOv4fhEsnVuoCuqFZR3ONmo%3D">NY may cut funds for private schools</a></h4> <a class="url external" rel="bookmark" href="http://web.archive.org/web/20081222234425/http://www.edexcellence.net/flypaper/index.php/2008/12/ny-may-cut-funds-for-private-schools/">http://www.edexcellence.net/flypaper/index.php/2008/12/ny-ma...</a> <div class="meta"> <span><abbr class="updated" title="2008-12-19T06:14:13-08:00"> 3 days ago</abbr></span> in <a href="/web/20081222234425/http://technorati.com/blogs/http%3A%2F%2Fwww.edexcellence.net%2Fflypaper">Flypaper: Ideas that stick from the Education Gadfly team</a> · <a class="links" href="/web/20081222234425/http://technorati.com/search/www.edexcellence.net%2Fflypaper" title="View blog reactions">Authority: 101</a> </div> <div class="excerpt"> <p class="entry-summary inactive"> Governor Patterson has proposed cutting nearly $88 million over two years in aid to private independent and parochial schools. The funds, specifically, are $44 million a year that is given to private schools to track and report to the state attendance rates throughout the day (apparently NY state counts noses more than once throughout the school day). The reactions to this announcement have been pointedly negative: TEACH New York State balked at the announcement, issuing a release headlined: ‘Governor to religious and independent school students: Drop dead.’ “Our families cannot absorb any more strain, and the state cannot afford to continue allowing our schools to close—which will only exacerbate the financial crisis lawmakers are desperately trying to solve,” said Richard Barnes, executive director of the New York State Catholic Conference. Two things. First of all, sure, families are strained financially...but so is the state...and the state gets (most of) its money in taxes from those same families. I’ve seen this government-must-keep-paying-because-our-families-are-struggling sentiment again and again over the past few weeks. Where do these people think governments get their dollars? Trees? Sure, the federal government can keep printing more cash, but that’s not sustainable in the long term. Case and point is yesterday’s devaluing of the dollar when the Federal Reserve announced it would print billions in new mint. Let’s just accept the fact that everyone, private and public alike, are struggling right now and stop assuming the government will solve all our financial problems. (We also expressed this sentiment in yesterday’s Gadfly: if these private and parochial schools don’t stand up for themselves, no one else will.) Second, why the heck is it so expensive to take attendance? Last time I checked, this was an incredibly simple process. Perhaps the reporting requirements require extra administrative man hours, but let’s not act like Patterson’s proposal is the end of the world. “Governor to state private and religious schools: Drop dead”? Get a life. </p> </div> <ul class="root hfeed"> </ul> </li> <li class="hentry"> <a class="content-toggle inactive" href="#"></a> <a class="photo" href="/web/20081222234425/http://technorati.com/people/technorati/pc9323" title="pc9323"><img src="http://web.archive.org/web/20081222234425im_/http://static.technorati.com/progimages/photo.jpg?uid=67083" width="24" height="24" alt="Photo of pc9323"/></a> <h4><a href="/web/20081222234425/http://technorati.com/posts/UT8jnS09XO6_OkIGUlHwmQuwOi9%2BEPXjqFMcFQooCWg%3D">Weekly News Headlines: Friday - December 19, 2008</a></h4> <a class="url external" rel="bookmark" href="http://web.archive.org/web/20081222234425/http://tekgnosis.typepad.com/tekgnosis/2008/12/weekly-news-headlines-friday-december-19-2008.html">http://tekgnosis.typepad.com/tekgnosis/2008/12/weekly-news-h...</a> <div class="meta"> <span><abbr class="updated" title="2008-12-19T04:21:45-08:00"> 3 days ago</abbr></span> in <a href="/web/20081222234425/http://technorati.com/blogs/http%3A%2F%2Ftekgnosis.typepad.com">pc93</a> · <a class="links" href="/web/20081222234425/http://technorati.com/search/tekgnosis.typepad.com" title="View blog reactions">Authority: 43</a> </div> <div class="excerpt"> <p class="entry-summary inactive"> WEEKLY NEWS HEADLINES December 19, 2008 Documenting The Apocalypse Hint: Save Friday's email blast as a complete record of the entire weeks news headlines. ------------------------------------------------------------------------------------------------------------ Share The Gift Of Knowledge ~ Forward to a Friend ------------------------------------------------------------------------------------------------------------ 12/15/2008 - 12/19/2008 UPDATED DAILY News stories that you may have missed on MSNBC, CNN or FOX. SOURCES: WWW.RENSE.COM - WWW.INFOWARS.COM - WWW.YAHOO.COM Associated Press - Reuters - Time - AFP News - C.S. Monitor - Bloomberg THIS WEEK IN THE NEWS Scroll down to see all of this weeks headlines. Don't Forget To See The Big Stories Of The Year At The Bottom Of This Email Blast! ---------------------------------- Friday 12-19-2008 TRUTH REVOLUTION UPDATE - ON TO VICTORY! EVENT! YouTube Boycott, December 19th, 2008 EVENT! Inside Account of Activism in Greece Audio: Ron Paul on the Alex Jones Show, December 17, 2008 ECONOMICS 101 - THE GLOBAL SWINDLE OF 2008 U.S. Stocks Fall on Concern Fed Is Running Out of Ammunition Dollar and oil drop on weak outlook, stocks slip Dollar's Drop Erases Months Of Solid Gains Goldman Sachs cuts taxes to one percent by moving profits offshore A Most Desperate Move by the Fed New Economic Policy - Just Print More 'Dropped the ball': Obama blames regulators for financial debacle Credit-Card Users Feel Pain as U.S. Banks Reap Gain Japan forecasts zero growth Deutsche Bank Shocks Markets U.S. POLITICS Only 46% Share Bush's Confidence in America's Safety US military mobilizes troops for inauguration From bridges to police: U.S. draws up stimulus plan Blagojevich Got His Start as Bookie, Paid Chicago Mob Impeachment drive slowed against Illinois governor L.M.A.O. Obama vows to fight 'greed and scheming' on Wall Street Obama’s Agriculture Secretary supports GMO crops, big agra Obama Names CFR Member, Goldman Sachs Insider to Top Economic Posts More Obama Challenges Fail In SCOTUS Devy Kidd - Impostor Obama - Victory To Be Short Lived Obama's Stealth Socialism Saudi Arabia, George Soros On Clinton Donor List Clinton Donors Include Saudi Arabia, Blackwater, AIG US deports 46 percent more Mexicans and Central Americans GEO-POLITICS Russia Gives 10 MiG fighter Jets To Lebanon THE NEW GREAT DEPRESSION &amp; SPREADING GLOBAL INSANITY Global economy seen sinking into 'severe' 2009 recession: report Protesters Riot Again in Athens Athens Protests Refuse to Subside New York Students Occupy New School Building Girl Handing Out Cough Drops Accused Of Selling Drugs At School Video: Crash Will be Worse than Great Depression Job market still sickly, factories remain weak Georgia unemployment at 25-year high, state says 27,000 Woolworths Staff Gone In Janaury California Freezes Construction Projects Japan forecasts zero growth UK Car Production Slumps By A Third WAR &amp; TERRORISM The American-Made Insurgency in Afghanistan U.S., U.N., Afghans duck task of monitoring mass graves US says piracy resolution allows for air strikes in Somalia Last South Korean troops sent to Iraq return home Hamas declares end to ceasefire with Israel in Gaza Israelis Block Medical Care - 271 Gazans Dead Israeli Military Attacks Gaza Civilians At Night In Mexico, a Kidnapping Negotiator Is Kidnapped POLICE STATE - NEW WORLD ORDER FEMA looks ahead on emergency warning system US military mobilizes troops for inauguration Chicago’s Daley to hold “gun conference” ALERT! New Rapid-Response Forces to Bolster Homeland Defense Mission Border Fence is Progressing But It’s ‘Not the One Congress Had in Mind’ Video: U.S. Corps of Engineers Caught Harassing Activists on Internet Homeland Security Council Out? Obama Might Add Responsibility to National Security Council “Common Assessment Framework” Used to Interrogate, Database Children in UK School Children Forced into Seclusion Cells CRIME &amp; PUNISHMENT Career Army Officer Sues Cheney, Rumsfeld For 9/11 Complicity Rwanda's Bagosora sentenced to life for genocide Iraqi government plays down arrests of 23 police officers CONSPIRACY The American-Made Insurgency in Afghanistan 35 Iraqi Officials Arrested In Alleged Coup Plot 911 UPDATE Rice: Bush didn’t ignore any 9/11 ‘warning,’ because there was no ‘when, where, how’ Career Army Officer Sues Cheney, Rumsfeld For 9/11 Complicity THE OIL NON-CRISIS CONSPIRACY Oil prices slump to fresh four-year lows GLOBAL WARMING TERRORISM CONSPIRACY Record snowfall hits Las Vegas, closing airport and schools New ban imposed on regulating global warming gases HEALTH WATCH MSG - Dosed Again! Unhealthiest mall foods Urban areas struggle to find grocers, fresh food New Wave Of Mad Cow Disease Feared UK Flu Cases Up 50% In One Week H5N1 Confirmed In Dead Crows In India Nursing home industry worries about new ratings SCIENCE &amp; TECHNOLOGY New light on Dark energy in cosmos Mars find suggests area may have been hospitable US firms join forces to build lithium ion batteries for cars Tumor in Colorado newborn's brain contained foot HISTORY Last Ice Aged Ended 'As If A Button Was Pushed' COMMENTARY - OPINION Gerald Celente: Top Trends Of 2009 Carolyn Harris: Psy-Ops in the Nick of Time </p> </div> <ul class="root hfeed"> </ul> </li> <li class="hentry"> <a class="content-toggle inactive" href="#"></a> <a class="photo" href="/web/20081222234425/http://technorati.com/people/technorati/dollars" title="dollars"><img src="http://web.archive.org/web/20081222234425im_/http://static.technorati.com/progimages/photo.jpg?uid=182928" width="24" height="24" alt="Photo of dollars"/></a> <h4><a href="/web/20081222234425/http://technorati.com/posts/VPt0qcWd%2Be589DzQyoQc0SN15FrEwzQY%2Bdqdh_wa2nk%3D">Dollar's Slump Erases Months Of Gains</a></h4> <a class="url external" rel="bookmark" href="http://web.archive.org/web/20081222234425/http://www.dollarsandsense.org/blog/2008/12/dollars-slump-erases-months-of-gains.html">http://www.dollarsandsense.org/blog/2008/12/dollars-slump-er...</a> <div class="meta"> <span><abbr class="updated" title="2008-12-18T12:24:03-08:00"> 4 days ago</abbr></span> in <a href="/web/20081222234425/http://technorati.com/blogs/http%3A%2F%2Fwww.dollarsandsense.org%2Fblog">Dollars & Sense blog | Dollars &amp; Sense | Dollars &amp; Sense</a> · <a class="links" href="/web/20081222234425/http://technorati.com/search/www.dollarsandsense.org%2Fblog" title="View blog reactions">Authority: 57</a> </div> <div class="excerpt"> <p class="entry-summary inactive"> From today's Washington Post. Keep your eye out for the cover story in our January/February issue, which will address, among other things, whether the dollar will remain the world's reserve currency. By Anthony Faiola Washington Post Staff Writer |Thursday, December 18, 2008 The dollar yesterday staged one of its biggest one-day drops against the euro and fell to a 13-year low against the Japanese yen as near-zero interest rates and the Federal Reserve's plan to print vast sums of cash dilute the value of the greenback. The drops dramatically accelerated the dollar's reversal of fortune over the past three weeks after months of solid gains. The slide underscores the risks the Federal Reserve is taking to jump-start the U.S. economy through aggressive monetary policy. On Monday, the Fed cut its target for the federal funds rate, at which banks lend to each other, from 1 percent to a target range of 0 percent to 0.25 percent, and effectively vowed to print as much money as it needs to try to pull the United States from a worsening recession. While that policy may ultimately aid an economic recovery, it is robbing the dollar of value as investors anticipate less interest on their dollar-denominated investments and more bills in circulation, making each one worth a bit less. In response, investors are dumping the dollar and buying up other currencies. If the dollar's fall is unchecked, it could jeopardize the long-term faith of foreign investors in the value of the American currency and could cause foreign investors to dump U.S. stocks and other assets, whose value would be worth less in euros or yen. The Dow Jones industrial average fell 1.1 percent yesterday. Read the rest of the article. </p> </div> <ul class="root hfeed"> </ul> </li> <li class="hentry"> <a class="content-toggle inactive" href="#"></a> <a class="photo" href="/web/20081222234425/http://technorati.com/people/technorati/snossel" title="snossel"><img src="http://web.archive.org/web/20081222234425im_/http://static.technorati.com/progimages/photo.jpg?uid=192303" width="24" height="24" alt="Photo of snossel"/></a> <h4><a href="/web/20081222234425/http://technorati.com/posts/b9yhPTi6wTJhguSHgWnhYMx9c7jFqQ6Ru6nXDqVkQV0%3D">NSN Daily Update 12/18/08</a></h4> <a class="url external" rel="bookmark" href="http://web.archive.org/web/20081222234425/http://www.democracyarsenal.org/2008/12/nsn-daily-upd-2.html">http://www.democracyarsenal.org/2008/12/nsn-daily-upd-2.html</a> <div class="meta"> <span><abbr class="updated" title="2008-12-18T09:11:51-08:00"> 4 days ago</abbr></span> in <a href="/web/20081222234425/http://technorati.com/blogs/http%3A%2F%2Fwww.democracyarsenal.org">democracyarsenal.org</a> · <a class="links" href="/web/20081222234425/http://technorati.com/search/www.democracyarsenal.org" title="View blog reactions">Authority: 420</a> </div> <div class="excerpt"> <p class="entry-summary inactive"> See today's complete Daily Update, "A Progressive Domestic Policy is Vital for America's Security" here. What We're Reading The dollar fell to new lows yesterday. U.N. Secretary General Ban Ki-moon said that there is almost no international support for a U.S. proposed U.N. peacekeeping force for Somalia. U.N. judges ruled that former Bosnian Serb leader Radovan Karadzic’s immunity deal, reached with Richard Holbrooke in 1996, is invalid and does not prevent him from facing trial on charges including genocide. A U.N. court in Tanzania convicted a senior Rwandan military official of genocide in the 1994 massacres and sentenced him to life in prison. Commentary of the Day The New York Times has an editorial advocating that a prosecutor should be appointed to consider criminal charges against top Pentagon officials and others who planned detainee abuse. David Ignatius has an op-ed in the Washington Post on reality tv and progress in Afghanistan. </p> </div> <ul class="root hfeed"> </ul> </li> <li class="hentry"> <a class="content-toggle inactive" href="#"></a> <img class="photo" src="http://web.archive.org/web/20081222234425im_/http://static.technorati.com/static/img/user/icn-emptyuser-24x24.png" width="24" height="24" alt="Author unknown"/> <h4><a href="/web/20081222234425/http://technorati.com/posts/uwny6l6aA1xEnp95I51qSnI401bI9IZDssLvWCEgbqE%3D">Back to Zero, In Order to Shake Some Action</a></h4> <a class="url external" rel="bookmark" href="http://web.archive.org/web/20081222234425/http://www.shopfloor.org/2008/12/18/back-to-zero-in-order-to-shake-some-action/">http://www.shopfloor.org/2008/12/18/back-to-zero-in-order-to...</a> <div class="meta"> <span><abbr class="updated" title="2008-12-18T07:54:13-08:00"> 4 days ago</abbr></span> in <a href="/web/20081222234425/http://technorati.com/blogs/http%3A%2F%2Fwww.shopfloor.org">Shopfloor </a> · <a class="links" href="/web/20081222234425/http://technorati.com/search/www.shopfloor.org" title="View blog reactions">Authority: 79</a> </div> <div class="excerpt"> <p class="entry-summary inactive"> A round-up of 0-based news about the Fed. Federal Reserve Board of Governors, news release, December 16: The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Since the Committee’s last meeting, labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and industrial production have declined. Financial markets remain quite strained and credit conditions tight. Overall, the outlook for economic activity has weakened further. Meanwhile, inflationary pressures have diminished appreciably. In light of the declines in the prices of energy and other commodities and the weaker prospects for economic activity, the Committee expects inflation to moderate further in coming quarters. The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability. In particular, the Committee anticipates that weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time. Washington Post, “Dollar’s Slump Erases Months Of Solid Gains” The dollar yesterday staged one of its biggest one-day drops against the euro and fell to a 13-year low against the Japanese yen as near-zero interest rates and the Federal Reserve’s plan to print vast sums of cash dilute the value of the greenback. The drops dramatically accelerated the dollar’s reversal of fortune over the past three weeks after months of solid gains. The slide underscores the risks the Federal Reserve is taking to jump-start the U.S. economy through aggressive monetary policy. On Monday, the Fed cut its target for the federal funds rate, at which banks lend to each other, from 1 percent to a target range of 0 percent to 0.25 percent, and effectively vowed to print as much money as it needs to try to pull the United States from a worsening recession. CNNMoney.com, “The growing threat of deflation“ Motley Fool, “Fed Announces it will Print as Much Money as Necessary“ AP, “Car, home buyers could benefit from rate cut“ London Times, “Analysts say Federal Reserve has fired all shots in its armoury“ National Center for Policy Analysis, citing its fellow Bob McTeer, former head of the Dallas Bank, “The Fed’s Historic Move.” And the story that prompted this round-up, front page of today’s Washington Post “Style” section, “Here Goes Nothing“: How do you know things have gotten really, really bad? You know because we have gotten to zero. Zero is the low beneath which there is no more low. It is nada. Naught. The absence of a thing. Zero: A losing score (blanked! shut out!). A depleted bank account. Less than the bare minimum. Zero: the big fat loser. Finally, this round of news-numerology allows us the self-indulgence of remembering Tommy Keene, the Washington, D.C., guitar hero who never quite made it to the big-time but still deserves honor for his pop classic, “Back to Zero Now.” There’s no YouTube, so you’ll have to watch him play the Flaming Groovies’ “Shake Some Action” instead. </p> </div> <ul class="root hfeed"> </ul> </li> <li class="hentry"> <a class="content-toggle inactive" href="#"></a> <img class="photo" src="http://web.archive.org/web/20081222234425im_/http://static.technorati.com/static/img/user/icn-emptyuser-24x24.png" width="24" height="24" alt="Author unknown"/> <h4><a href="/web/20081222234425/http://technorati.com/posts/0dvtudDkRM6%2BORUtNTS9U4jcNt4qFXH4GkWIOA9WUIA%3D">12/18 Roundup: Maliki Roundup, Chrysler Shutting, Help for Nobody</a></h4> <a class="url external" rel="bookmark" href="http://web.archive.org/web/20081222234425/http://ndnblog.org/node/3361">http://ndnblog.org/node/3361</a> <div class="meta"> <span><abbr class="updated" title="2008-12-18T06:07:03-08:00"> 4 days ago</abbr></span> in <a href="/web/20081222234425/http://technorati.com/blogs/http%3A%2F%2Fndn-ndnblog.civicactions.net">NDN Blog | NDN Blog</a> · <a class="links" href="/web/20081222234425/http://technorati.com/search/ndn-ndnblog.civicactions.net" title="View blog reactions">Authority: 1</a> </div> <div class="excerpt"> <p class="entry-summary inactive"> Leader: Baghdad Roundup - As many as 35 Iraqi government officials have been rounded up and arrested by Prime Minister Nuri al-Maliki on accusations that they were trying to reconstitute Saddam Hussein's Baath Party. As many as six of those detained worked in Iraq's Interior Ministry. - Maliki is generally seen as a strong leader, but one with few political allies. He is also, reportedly, deeply suspicious of a coup by military officers. Some suspect this move may have been intended to consolidate his own power. - In related news, Maliki says that the infamous shoe-thrower has apologized to the Prime Minster for embarrassing him on television. Economy - In the face of zero demand, Chrysler will be shutting their doors for a month, and not making any new automobiles. Chrylser execs are reportedly seeking a merger with GM, once again. Many Chrysler factory workers are understandably concerned that the doors will not reopen, and they'll find themselves jobless within a month. - OPEC, presumably trying to be helpful by solving that deflation problem, is planning to cut oil production by 2.2 million barrels/day-- a record amount. - Cancel your trip to Japan! The dollar has hit a 13-year low against the Yen. Politics - The full program of Obama's inauguration ceremony has been released. The big news is his selection of Rev. Rick Warren, an Orange County evangelist, to give the invocation. Many are up at arms over the selection of Warren, who outspokenly opposes abortion rights and gay marriage. Everyone, however, thinks the selection of Aretha Franklin was a terrific idea. - Rep. Pete Stark, Chair of the Health Subcommittee of the House Ways and Means Committee, says any vote on healthcare reform will have to wait until early 2010. Congress, he says, just has too much else to do this year. - Ray LaHood, a former Republican congressman from Illinois, will be Obama's Secretary of Transportation. Many transportation reformers are not happy. - Mary Schapiro, a serious regulator, will be running the SEC under Obama. International - China is sending a naval fleet to the Gulf of Aden to do battle with pirates. Ban Ki-Moon says the time is not yet ripe to send UN Peacekeepers to Somalia, whether to battle piracy, anarchy, or whatever else they might find there. One More Thing - Last, remember that Help for Homeowners program that was going to save us all? Not going so well: .msnbcLinks {font-size:11px; font-family:Arial, Helvetica, sans-serif; color: #999; margin-top: 5px; background: transparent; text-align: center; width: 425px;} .msnbcLinks a {text-decoration:none !important; border-bottom: 1px dotted #999 !important; font-weight:normal !important; height: 13px;} .msnbcLinks a:link, .msnbcLinks a:visited {color: #5799db !important;} .msnbcLinks a:hover, .msnbcLinks a:active {color:#CC0000 !important;} Visit msnbc.com for Breaking News, World News, and News about the Economy </p> </div> <ul class="root hfeed"> </ul> </li> <li class="hentry"> <a class="content-toggle inactive" href="#"></a> <a class="photo" href="/web/20081222234425/http://technorati.com/people/technorati/WallStFolly" title="WallStFolly"><img src="http://web.archive.org/web/20081222234425im_/http://static.technorati.com/progimages/photo.jpg?uid=156608" width="24" height="24" alt="Photo of WallStFolly"/></a> <h4><a href="/web/20081222234425/http://technorati.com/posts/6MIaJmb85_vxHWsF8TkAQ26n2mTg_EhpoN1twMBWPCc%3D">WSF Headline Roundup - 12/18/08 - GM denies reports of Chrysler merger talks; Both auto firms idling factories; Dollar slump; Refinancing rush; Blago to talk to press?; More Obama picks; IPhone in WMT on 12/28</a></h4> <a class="url external" rel="bookmark" href="http://web.archive.org/web/20081222234425/http://wallstfolly.typepad.com/wallstfolly/2008/12/wsf-headline-roundup-121808-gm-denies-reports-of-chrysler-merger-talks-both-auto-firms-idling-factor.html">http://wallstfolly.typepad.com/wallstfolly/2008/12/wsf-headl...</a> <div class="meta"> <span><abbr class="updated" title="2008-12-18T05:23:30-08:00"> 4 days ago</abbr></span> in <a href="/web/20081222234425/http://technorati.com/blogs/http%3A%2F%2Fwallstfolly.typepad.com">Wall $treet Folly</a> · <a class="links" href="/web/20081222234425/http://technorati.com/search/wallstfolly.typepad.com" title="View blog reactions">Authority: 40</a> </div> <div class="excerpt"> <p class="entry-summary inactive"> WSF Headline Roundup - 12/18/08 - GM denies reports of Chrysler merger talks; Both auto firms idling factories; Dollar slump; Refinancing rush; Blago to talk to press?; More Obama picks; IPhone in WMT on 12/28 General Motors Says It’s Not in Talks on a Chrysler Merger Chrysler halts manufacturing as clock ticks on gov't bailout GM, Chrysler Shutter Factories, Await Bush Decision Dollar's Slump Erases Months Of Solid Gains A refinancing rush as interest rates come down BNP Paribas Says Fortis Assets Deal Stalled Will Blagojevich Address Reporters Thursday? Gensler Said to Be Obama’s Choice for Commodity Panel Obama to Name Tarullo to Open Fed Seat, Democrat Says Japan's Vehicle Sales May Fall to Lowest in 31 Years Motorola Freezes Pensions, Pay to Cope With Slump Apple’s IPhone to Debut in Wal-Mart on Dec. 28, Stores Say </p> </div> <ul class="root hfeed"> </ul> </li> </ul> <div><a href="?reactions">View all reactions</a> »</div> </div> <script type="text/javascript" language="javascript"> NUCONOMY.ProjectToken = "3abd481e-c1"; NUCONOMY.Logger.LogActivity('', '', 'travel', 491, 1); </script> <div id="rising-items"><div class="inner"> <a id="rising-toggle">hide</a> <h3>Rising items in <a href="/web/20081222234425/http://technorati.com/lifestyle/travel">Travel</a></h3> <div id="rising-content"> <div class="headlines"> <h4>Headlines</h4> <ol> <li><a href="/web/20081222234425/http://technorati.com/posts/E0ufnjT10A8AP2LjRJfQaIFnir6b7RoGHLpV4F0asS0%3D">N810-ish, Linux-based MID pops up overseas, brings hope to at least one reviewer</a></li> <li><a href="/web/20081222234425/http://technorati.com/posts/%2BPax6Eed1rvG_GMoLHGa4ukVcBPwQ4KDzXwaYzYJCtc%3D">Robert Pattinson: Short Haircut!</a></li> <li><a href="/web/20081222234425/http://technorati.com/posts/dr9DqJqKaBFzTW7CoG6WZs4orgHrdEgDR3OEQTxVfRA%3D">Christmas cannon</a></li> <li><a href="/web/20081222234425/http://technorati.com/posts/TMUO%2BHgAL3Pheo6L8XqDAhAHBKGgAULLz6YbSw8cEwM%3D">Makers' most memorable gifts</a></li> <li><a href="/web/20081222234425/http://technorati.com/posts/_VKo%2BND6mCwMmUl_6HTCm34zQnljrquvwW2oqFMyg0E%3D">Australia government lifts control order on ex-Guantanamo detainee Hicks</a></li> <li><a href="/web/20081222234425/http://technorati.com/posts/YJeYbf%2BbFk4DwGIjcVCF3k_bj21xal1Wtw1CsWl3roE%3D">ABC’s GMA Looks At Obama’s Hawaiian Christmas Vacation</a></li> </ol> <div class="feature"> <h5><a href="/web/20081222234425/http://technorati.com/posts/u54IRkhSvmnJC4IulyW5swl4QKxE6WEPdqr3gA6auCg%3D">Rick Warren pulls anti-gay language from his Web site</a></h5> <p>Deny me three times, Rick? 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