Saturday, June 02, 2007

Saturday, June 2 in the news...

  • Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that U.S. interest rates are low. He said the prevalence of low interest rates throughout the world was one of the things that surprised him as he prepared his reflections on his past for the new book he was promoting, "The Age of Turbulence." Or as some financial analysts interpreted his comments for what they thought was the real book's title: "The Shit's Gonna Hit The Fan And I'll Likely Be Dead By Then."

  • The U.S. is not preparing for war against Iran and Vice President Dick Cheney supports that policy, Secretary of State Condoleezza Rice says. When asked whether she had spoken to Cheney about that, Rice responded "No, he's too busy preparing war plans for....Anbar Province, in Iraq...yes...those troublesome Sunnis in Iraq..."