XIAM007

Making Unique Observations in a Very Cluttered World

Thursday, June 30, 2011

Treasury Secretary Timothy Geithner has signaled he’s considering leaving after Congress raises the federal debt limit -

Treasury Secretary Timothy Geithner has signaled he’s considering leaving after Congress raises the federal debt limit -




Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the federal debt limit, according to three people familiar with the matter.
Geithner hasn’t made a final decision and won’t do so until the debt-ceiling issue has been resolved, according to one of the people. All spoke on condition of anonymity to talk about private discussions.
The Treasury secretary has said that the U.S. risks defaulting on its obligations if Congress doesn’t raise the $14.3 trillion debt ceiling by Aug. 2. The administration and Republicans in Congress are at an impasse in negotiations to raise the limit, which is tied to efforts to cut the nation’s long-term deficit.
Moody’s Investors Service said on June 2 that it expects to place the U.S. government’s Aaa credit rating under review for a possible downgrade if there’s no progress on the debt limit by mid-July. Fitch Ratings said June 21 it would place the U.S. on a negative rating watch if no action is taken by Aug. 2.
An exit by Geithner would complete the turnover in Obama’s original economic team, with Council of Economic Advisers Chairman Austan Goolsbee scheduled to leave in early August to return to the University of Chicago.

Political Impact

That would leave Obama with two key posts to fill as Republicans are seeking to turn the 2012 election into a referendum on Obama’s handling of the economy and as the recovery is slowing. Theunemployment rate rose to 9.1 percent in May, according to the Labor Department, and the economy grew at a 1.9 percent pace in the first quarter, according to Commerce Department figures released June 24.
Jen Psaki, a White House spokeswoman, declined to comment.
Read more - 

New San Francisco bridge built in China to be shipped to US -

New San Francisco bridge built in China to be shipped to US - 




Next month, four enormous steel skeletons, the last of the 12 segments of the bridge, will be shipped 6,500 miles from Shanghai to San Francisco before being assembled on site.
The bridge, which will connect San Francisco to Oakland on the other side of the bay, is a sign of how China has moved on from building roads and ports in Africa and the developing world and is now aggressively bidding for, and winning, major construction and engineering projects in the United States and Europe.
After building forests of skyscrapers in Beijing and Shanghai, showpiece buildings like the Bird's Nest stadium and the Guangzhou Opera House, and a high-speed rail network that is the envy of the world, Chinese construction companies are flush with cash and confidence. This week, Wen Jiabao, the Chinese premier, lobbied David Cameron to give the contract for the UK's new high speed rail link to a Chinese company.
According to Engineering News Record, five of the world's top 10 contractors, in terms of revenue, are now Chinese, with likes of China State Construction Engineering Group (CSCEC) overtaking established American giants like Bechtel.
Read more - 

TSA FAIL: Nigerian Man Flies From NY to LA With Fake ID, Day-Old Boarding Pass...-

TSA FAIL: Nigerian Man Flies From NY to LA With Fake ID, Day-Old Boarding Pass...- 




CBS News has confirmed that authorities are looking into a shocking security breach that took place at John F. Kennedy International Airport last week.
Investigators say Olajide Oluwaseun Noibi, a Nigerian, boarded Virgin America Flight 415 to Los Angeles without a valid passport or identification, using an expired boarding pass for a flight the day before that belonged to someone else.
Officials say Noibi got through security and was able to board the plane. No one noticed until the flight was airborne when a flight attendant realized Noibi was sitting in a seat that was supposed to be vacant.
He showed the attendant the expired boarding pass that was in someone else’s name and then showed him a University of Michigan identification card with his picture on it.
Read more - http://newyork.cbslocal.com/2011/06/30/authorities-investigate-security-breach-at-jfk-airport-after-man-flies-to-los-angeles-without-ticket/

'To Catch a Predator' Host Chris Hansen Caught in Cheating Sting - caught cheating on wife with 30 year old ex intern -

'To Catch a Predator' Host Chris Hansen Caught in Cheating Sting - caught cheating on wife with 30 year old ex intern - 




Chris Hansen, the NBC anchor famous for snagging Internet pedophiles on the show 'To Catch a Predator' has found himself in the center of an ironic scandal, The London Daily Mail reports.
Hansen, 51 has allegedly been having an affair with Kristyn Caddell, a 30-year-old TV Reporter from Florida.
Hansen was caught in a sting organized by the National Enquirer as he was having a romantic dinner with Caddell at the Ritz-Carlton in Palm Beach. After dinner, the pair then drove to her apartment where they were seen leaving together the next morning. 
A source says that Caddell is a former intern at NBC and 'there was an immediate physical attraction between them' when they met.   
Hansen lives with his wife Mary, 53 in Connecticut but reportedly has been spending time in Florida on a disappearance investigation. 


Read more: http://www.foxnews.com/entertainment/2011/06/30/to-catch-predator-host-caught-cheating/?test=latestnews