You know what’s funny about the story below? Here’s what:
Zimbabwe is the only country that prints more dollars that we do. Barely….
A million Zimbabwe dollars now buys $US1
October 22, 2007
ZIMBABWE’s currency has fallen to record levels, with one million Zimbabwean dollars buying a single US dollar ($1.12) and inflation reaching 8000 per cent.
The data was announced as people in the capital, Harare, struggled to cope without electricity for the third day. “We closed our business today (Saturday),” said a woman who helps to run a major petrol supplier. “We just can’t operate like this.”
The National Blood Transfusion Service said it had been unable to test blood since Tuesday.
At independence in 1980, the Zimbabwean dollar held parity with the US dollar but has suffered from the economic policies of President Robert Mugabe; at the beginning of this year it was $Z2800 to $US1 and 10 days ago $Z500,000.
Mugabe has struggled to curb inflation and in July ordered businesses to halve their prices to alleviate the country’s woes.
The order resulted in the arrest of about 10,000 business people as thousands of police officers raided companies, malls and markets to take goods marked above price control levels. “It shows the lunacy of their belief they can legislate against inflation and bring it down at the barrel of a gun,” said economist Rob Davies.
Seriously though.
I don’t have the heart to crash a “pony party.”
Where is the love?
Oh, and….
Halliburton’s 3Q Earnings Up 19 Percent
Oct 21, 2007 — HOUSTON (AP) – Halliburton Co. continues to benefit from placing greater emphasis on its operations in the Eastern Hemisphere, where expanding business helped the company post a 19 percent rise in third-quarter earnings.
The Houston-based oilfield services company said Sunday its net income rose to $727 million, or 79 cents a share, in the July-September period from $611 million, or 58 cents a share, in the year-ago period.
The most-recent results included a favorable income tax benefit of $133 million, or 15 cents a share.
Third-quarter revenue rose 16 percent to $3.93 billion.
Excluding the income tax gain, the results matched analysts’ average earnings estimate of 64 cents on revenue of $3.87 billion, according to Thomson Financial.
In a statement, Halliburton Chairman and Chief Executive Dave Lesar said the company’s capital expansion in the Eastern Hemisphere resulted in revenue growth of 29 percent versus the third quarter of last year.
Halliburton announced in March it would split its corporate headquarters between Houston and Dubai, where Lesar now works, placing him closer to important markets in the Middle East and Asia.
“I’m pleased with the continuing very strong performance of our Eastern Hemisphere operations this quarter,” Lesar said in a statement.
Halliburton is scheduled to discuss the results in a conference call with investors and analysts Monday morning.
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Okay, this is a good one:
Over at Freeper they are freeping-out because food is expensive. But… then, they figured it out!
It’s all Al Gore’s fault, ‘cuz of the ethanol, doncha know.
The story began with this news article:
And here’s how the Freeps responded to that socialist news:
Do you LOVE these peeps, or what?
If the Dems RULE in 2009 — it’s because of them.
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I commented today that the sky looked yellow. It’s red now.
The Santa Ana’s will be blowing for the next seven days.
…because you don’t like my Sunday Pony Parties. :-{
Wah!
as any cove wot drinks in the Finches dahn Whitechapel will tell ya’, is twenty five quid. Wouldn’t ask Orthopaedic Harry though – ‘e never come by that monicker by bein’ no surgeon if you nah wot I mean. ‘E’s more of a “supplier” to the industry.
is shrinking too!
That’s all right, I understand it is polluted anyway…too bad I live in Chicago.