What Benefits Come From Teeth Whitening In Nyc?

byAlma Abell

One of the more popular cosmetic dental treatments today is Teeth Whitening in NYC. When managed under the care of a professional, this particular treatment can provide several important benefits. Here are some of the perks that patients find they enjoy once they undergo a few of these treatments.

Undo Years of Staining

[youtube]http://www.youtube.com/watch?v=8rNeKS22Wsg[/youtube]

The most noticeable difference that Teeth Whitening in NYC makes it the removal of stains from the surface of the teeth. Many people find that their teeth take on a yellowish appearance as the years go by. This is often due to habits such as smoking, and can even be the result of years of drinking coffee and tea. Under the care of a dentist, those layers of stains are removed and the teeth will once again be a natural white.

Results Appear Quickly

While there are over the counter products that help to whiten dull teeth, they tend to take some time to produce any results. The treatments offered by a dentist are administered in a controlled environment and may produce some results after no more than one or two visits. This is important, since it means that the patient could have a couple of treatments earlier in the week and find that the teeth look much nicer by the time Friday evening rolls around.

Boost Confidence in Social Situations

When people are self-conscious about their teeth, they tend to be more guarded in social situations. They may smile with closed lips, or possibly refrain from anything that would mean people could clearly see the condition of their teeth. In the worst case scenario, the patient will turn down opportunities to participate in social situations, simply because they are unhappy with the appearance of their teeth.

Once the treatments are administered, the teeth are no longer a barrier to interacting with others in social situations. The patient can relax, smile and laugh as much as he or she wants, and in general feel comfortable in knowing that no one is being repelled by the sight of yellowed teeth. For people who want to know more about how teeth whitening works, visit the website and read over the information. A quick visit to a dentist could mean making a huge difference in the way the teeth look, and making life a lot easier for the patient.

Nominations announced for 78th Academy Awards

Tuesday, January 31, 2006

Today, the nominees for the 78th Academy Awards were announced in Los Angeles, California.

Best Picture nominees this year are Brokeback Mountain, Capote, Crash, Good Night, and Good Luck., and Munich. The director of each of these films received director nominations. Nominees include George Clooney (Good Night, and Good Luck.), Paul Haggis (Crash), Ang Lee (Brokeback Mountain), Bennett Miller (Capote), and Steven Spielberg (Munich). This is the first time since 1981 that every Best Picture nominee also received a nod for Direction.

Brokeback Mountain leads this year’s Oscar pack overall, with eight nominations. Brokeback is followed by Crash, Good Night, and Good Luck., and Memoirs of a Geisha, who each earned six. Capote, Munich, and Walk the Line each received five nominations. King Kong, Pride and Prejudice, and The Constant Gardener picked up four nominations, while Cinderella Man, The Chronicles of Narnia: The Lion, the Witch and the Wardrobe, and War of the Worlds pick up three. A History of Violence, Hustle & Flow, Mrs. Henderson Presents, North Country, Syriana, and Transamerica each received two nods each.

Best Animated Feature Film nominees are Howl’s Moving Castle, Tim Burton’s Corpse Bride, and Wallace & Gromit: The Curse of the Were-Rabbit. None of these films used primarily CGI-animation, the first year this can be claimed, since the 2001 creation of the award category. Corspe Bride marks both Tim Burton and Mike Johnson’s first nominations. Wallace & Gromit’s Steve Box is celebrating his first nomination, while co-producer Nick Park has three Oscars for Best Animation Short, a fourth nomination, of which he lost to himself in 1990. Hayao Miyazaki won the Best Animated Feature award in 2002, for Spirited Away.

Uniquely neither animation powerhouse, Disney or DreamWorks, is directly nominated in the category. Disney’s Buena Vista Entertainment distributes Miyazaki film Howl’s Moving Castle, while DreamWorks distributed Wallace and Gromit, animated by Aardman Animations.

Best Foreign Language Film nominees include Italian film Don’t Tell, France’s Joyeux Noël, Palestine’s Paradise Now, Germany’s Sophie Scholl – The Final Days, and South Africa’s Tsotsi. Italy has been up for an Oscar 27 times, France 34 times, and Germany has had six nominations. This is only South Africa’s second nomination, with the first coming last year, and Palestine’s first ever Academy Award nomination.

Nominees for Best Documentary Feature are Darwin’s Nightmare, Enron: The Smartest Guys in the Room, March of the Penguins, Murderball, and Street Fight. March of the Penguins, produced in France, actually grossed more than any of the Best Picture nominees, the first time in history such an occurrence has happened.

The top 19 films in box office received a total of only 14 nominations, with a majority of these in the categories of Visual Effects, Sound Mixing and Sound Editing.

Perhaps one of the most interesting stories for Hollywood as a whole, is the tremendous success of Participant Productions in its first year of operation. eBay founder Jeff Skoll‘s movie house produced nominees Good Night and Good Luck. (6), North Country (2), Syriana (2), and Murderball (1). The company aims to fund feature films and documentaries that promote social values while still being commercially viable.

The 78th Academy Awards presentation will be held on Sunday, March 5.

  • Philip Seymour Hoffman – Capote
  • Terrence Howard – Hustle & Flow
  • Heath Ledger – Brokeback Mountain
  • Joaquin Phoenix – Walk the Line
  • David Strathairn – Good Night, and Good Luck

  • George Clooney – Syriana
  • Matt Dillon – Crash
  • Paul Giamatti – Cinderella Man
  • Jake Gyllenhaal – Brokeback Mountain
  • William Hurt – A History of Violence

  • Judi Dench – Mrs. Henderson Presents
  • Felicity Huffman – Transamerica
  • Keira Knightley – Pride & Prejudice
  • Charlize Theron – North Country
  • Reese Witherspoon – Walk the Line

  • Amy Adams – Junebug
  • Catherine Keener – Capote
  • Frances McDormand – North Country
  • Rachel Weisz – The Constant Gardener
  • Michelle Williams – Brokeback Mountain

  • Brokeback Mountain
  • Capote
  • The Constant Gardener
  • A History of Violence
  • Munich

  • Crash
  • Good Night, and Good Luck
  • Match Point
  • The Squid and the Whale
  • Syriana

  • Good Night, and Good Luck
  • Harry Potter and the Goblet of Fire
  • King Kong
  • Memoirs of a Geisha
  • Pride & Prejudice

  • Batman Begins
  • Brokeback Mountain
  • Good Night, and Good Luck
  • Memoirs of a Geisha
  • The New World

  • Charlie and the Chocolate Factory
  • Memoirs of a Geisha
  • Mrs. Henderson Presents
  • Pride & Prejudice
  • Walk the Line

  • The Death of Kevin Carter: Casualty of the Bang Bang Club
  • God Sleeps in Rwanda
  • The Mushroom Club
  • A Note of Triumph: The Golden Age of Norman Corwin

  • Cinderella Man
  • The Constant Gardener
  • Crash
  • Munich
  • Walk the Line

  • The Chronicles of Narnia: The Lion, the Witch and the Wardrobe
  • Cinderella Man
  • Star Wars Episode III: Revenge of the Sith

  • Brokeback Mountain
  • The Constant Gardener
  • Memoirs of a Geisha
  • Munich
  • Pride & Prejudice

  • In the Deep – Crash
  • It’s Hard Out Here For a Pimp – Hustle & Flow
  • Travelin’ Thru – Transamerica

  • Badgered
  • The Moon and the Son: An Imagined Conversation
  • The Mysterious Geographic Explorations of Jasper Morello
  • 9
  • One Man Band

  • Ausreisser (The Runaway)
  • Cashback
  • The Last Farm
  • Our Time is Up
  • Six Shooter

  • King Kong
  • Memoirs of a Geisha
  • War of the Worlds

  • The Chronicles of Narnia: The Lion, the Witch and the Wardrobe
  • King Kong
  • Memoirs of a Geisha
  • Walk the Line
  • War of the Worlds

  • The Chronicles of Narnia: The Lion, the Witch and the Wardrobe
  • King Kong
  • War of the Worlds

Buy To Let Insurance 3 Key Things To Get Cover For

By Erica Rimell

If you’re a landlord in the UK and you’re looking for a buy to let insurance policy, you’ll probably need to understand exactly what is available. Making the choice to get one of these policies is the first step once you have become a commercial landlord.

You may have a few questions when it comes to your buy to let insurance policy. Some of the main questions could be, just what you should get coverage for? What do you need and what would just be superfluous? Obviously answers to these depend largely on your circumstances.

There are some key essentials, however, that almost any landlord would benefit from having. So start with those and choose a policy that you can upgrade as necessary.

Rent contingency coverage

[youtube]http://www.youtube.com/watch?v=ow6FeH_49L8[/youtube]

One of the biggest advantages of buy to let insurance is that you’re covered in case a person fails to pay rent. There are many reasons why a tenant will withhold rent. Maybe he’s having financial difficulties or maybe he’s waiting for you to fix something in the house. Maybe he has just decided to leave the property. In any of these instances, having buy to let insurance coverage could allow you to claim the value of the lost rent while the problem is being sorted out. You should also look into an added policy offering that gives you the ability to draw rent while you’re searching for new tenants.

Property damage coverage

If you are renting out a property that’s furnished, this is even more important. The majority of buy to let insurance policies will offer coverage on your property’s structure in case a tenant decides to inflict damage. Some will let you add personal possessions to this list, too. This way, you can make the property more appealing to potential tenants by offering to leave your couches, televisions, or other items that you don’t need. With this kind of coverage, you can replace any item that an unruly tenant sees fit to damage.

Legal contingency coverage

Though no one ever plans on being sued, there is always the possibility looming. What if something happens on your property and a guest is injured? What if your tenant slips down a flight of stairs that have broken? These things do happen, and you will be relieved if you have insurance cover on your side. Certain buy to let policies will give you cover against legal liability and they can even cover legal fees, too. This is a great bonus and it can take a lot of the worry off of your mind. Being sued is no fun, but it becomes easier when you have an insurance company willing to settle for you.

Thought should be given to protecting yourself against disasters like flooding and mudslides if you live in an area where these are widespread. Depending on your location, these can be the most important cover options to keep in mind when you are considering a policy.

About the Author: Letprotector is a specialist

buy to let insurance

provider. Policies can be configured to cover a wide area of risk. Portfolio landlord insurance is provided online as well as

insurance for buy to let

property

Source:

isnare.com

Permanent Link:

isnare.com/?aid=720705&ca=Business

Glasgow cannabis enthusiasts celebrate ‘green’ on city green

Tuesday, April 22, 2014

Coinciding with Easter Sunday, Glasgow Cannabis Social Club’s annual 420 event was held on Glasgow Green, under sunny blue skies, and overlooking the river Clyde. Despite the city’s council attempting to revoke permission for the gathering at the last minute, police were happy for it to go-ahead with approximately a dozen officers attending in high-visibility vests.

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The Daily Record reported five arrests were made for minor offences, likely smoking and possession of small quantities of cannabis. Taking a less-sensational — and more accurate — line of reporting, the Monday edition of Glasgow’s Evening News stated five were referred to the Procurator Fiscal who is responsible for deciding if charges should be brought.

Official figures provided by the police were that 150 attended. With people coming and going, Wikinews reporters estimated upwards of 200 attended, compared to nearly 700 who had signed up for the event on Facebook. Hemp goods were advertised and on sale at the event, and some attendees were seen drinking cannabis-themed energy drinks.

“I was searched and charged under the Misuse of Drugs Act (which is a lot of bollocks)” one attendee noted online, adding “not fair to happen on a brilliant day like it was, other than that I had a great day!” A second said they were openly smoking and ignored by police, who “were only really focusing on people who looked particularly young”.

Cannabis seeds were openly and legally sold at the event and a hydroponics supplier brought a motortrike towing an advertising trailer. Actually growing cannabis is, however, illegal in the UK.

With the event openly advocating the legalisation of cannabis, speakers put their arguments for this to a receptive crowd. Retired police officer James Duffy, of Law Enforcement Against Prohibition, spoke of the failed United States alcohol prohibition policy; stressing such policies needlessly bring people into contact with criminal elements. Highlighting other countries where legalisation has been implemented, he pointed out such led to lower crime, and lower drug use overall.

One speaker, who produced a bottle of cannabis oil he had received through the post, asserted this cured his prostate cancer. Others highlighted the current use of Sativex by the National Health Service, with a cost in-excess of £150 for a single bottle of GW Pharmaceuticals patented spray — as-compared to the oil shown to the crowd, with a manufacturing cost of approximately £10.

Similar ‘420’ pro-cannabis events were held globally.

Canadian union, railway reach last minute accord

March 26, 2005

The International Brotherhood of Electrical Workers (IBEW) and Canada National Railway (CN) have worked out a tentative agreement, avoiding a walkout scheduled for midnight on the 26th by 604 workers.

The previous contract expired 31 December 2003, and the union notified CN of their intent to strike 23 March. The IBEW members covered under the contract maintain the track signals, and radio and data networks which monitor the movement of trains.

Federal mediators helped facilitate the agreement, invited by both the union and company. Montreal-based CN announced the four-year deal via a Business-wire release, but withheld the terms of the agreement pending a ratification vote, but did say the agreement is retroactive to 1 January 2004.

CN resumed talks earlier in March with 1,750 engineers after the union and company agreed possible work stoppages would be after 12 May 2005. Track maintenance workers signed a 4-year contract deal with CN in February, as well as a tentative settlement with conductors, yard service employees and traffic co-ordinators. In 2004 a 28-day strike by 5,000 clerical and cargo terminal workers cost the company an estimate CA$24 million.

Global markets plunge

Friday, October 10, 2008

Stock markets across the world have fallen sharply with several seeing the biggest drop in their history.

Asian markets saw the biggest sell-off. The Nikkei dropped 9.62% to reach a 20 year low. Japan also saw a collapse of a mid-size insurance company, Yamato Life Insurance Company, which declared bankruptcy. The Hang Seng, which was one of the few markets that was positive yesterday, fell 7.19%. Australia dropped by 8.4% and South Korea saw a 9% fall.

In Europe, markets dropped at the open with the FTSE losing 11%. They have recovered only sightly with all European markets losing more than 5%. The European sell off was more about the Asian lows then any specific news. European banks and financial institutes saw the most selling. Also, oil related companies saw large drops as an result of an expected decrease in oil consumption.

The U.S. markets opened lower with the Dow Jones Industrial Average falling below 8,000, before recovering slightly. President George W. Bush made an address on the economy and said markets were being “driven by uncertainty and fear.”

Oil has seen losses of more than US$6 in trading with the current price of a barrel of oil less than $80. This is a year low for oil. News also came out that OPEC will hold an emergency meeting on November 18 to discuss the falling price of oil.

Charities, such as Cats Protection, today said that they have lost much of their funds in collapsing banks. Cats Protection had a total of £11.2 million saved in the now-collapsed Kaupthing bank.

The British National Council for Voluntary Organisations said that 60 of its 6,500 have lost money due to the collapse of banks.

Contents

  • 1 Stock markets
    • 1.1 Dow Jones Industrial Average
    • 1.2 FTSE 100
    • 1.3 Nikkei 225
  • 2 International reaction
    • 2.1 George W. Bush
    • 2.2 Gordon Brown
    • 2.3 Jim Flaherty
  • 3 Market data
  • 4 Sources

The Dow Jones Industrial Average fell to its lowest level in five years at 8,579.19, falling 679 points in one day. This, at 7.3%, is the eleventh largest percentage fall in the history of the index. The growth then continued, with the index being up over 150 points on the start of the day at one point.

The index, did however, recover, and as of 19:30 UTC was up 17.68 points, or 0.21%, pushing the index up to almost 8600.

Peter Cardillo, chief market economist at Avalon Partners, commented on these massive falls. “What we’ve seen here was one big margin call that just kept feeding on itself, so the opposite could happen. But you need a catalyst,” he said. “I’m more convinced now than ever that this market has made a bottom. The capitulation came when we breached 8,000,” he continued. “It doesn’t mean we can’t go back and revisit that level.”

The UK’s FTSE 100 index fell dramatically to close below 4000, in the index’s worst week in history. This is despite the fact that just a few days ago the index was above 5000, and the index peaked above 5500 in September.The FTSE 100 index has fallen by 41% this year.

Barclays Wealth analyst Henk Potts commented on this massive fall. “We are drowning in a sea of red numbers,” he claimed. “Investors are concerned about the exacerbation of the credit crunch and the gloomy forecasts for economic growth. The reality is that most investors have been spooked by the sheer pressure that the credit crunch is putting on the global economy.”

The Japanese Nikkei 225 has recorded it’s third biggest drop in history with a massive sell-off in the exchange that has resulted in USD 250 billion being knocked of the index’s value.

Toyota, which is the second largest carmaker in the world, fell by the largest amount in 21 years, while Elpida Memory, the world’s largest manufacturer of computer memory, dropped in value to a record low.

Masafumi Oshiden, a fund manager in Toyota commented on the drop.”It’s capitulation,” he said. “There are lots of forced sellers. If you’re a fund that’s going bust you need to close out all your positions.”

George W. Bush commented on the financial situation earlier today. “Over the past few days, we have witnessed a startling drop in the stock market — much of it driven by uncertainty and fear,” he said. “This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns about their retirement accounts, their investments, and their economic well-being.”

Bush then continued by promoting the government’s plan’s to get through the crises. “Here’s what the American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets. We are a prosperous nation with immense resources and a wide range of tools at our disposal. We’re using these tools aggressively.”

Gordon Brown, the UK Prime Minister, also spoke on the economy. “I think we quickly realised that we cannot solve the problems we have got as a result of the sub-prime market collapse simply by improving liquidity,” he said speaking in Birmingham to business leaders earlier today. “That would simply not be enough to deal with the bigger problem of rebuilding the banking system for the future and restoring trust is a fundamental element of that.”

Jim Flaherty, the Canadian minister for finance, also commented today on the recent incidents in the economy. “It is important to underline that Canada’s banks and other financial institutions are sound, well capitalized and less leveraged than their international peers,” he claimed. “Our mortgage system is sound. Canadian households have smaller mortgages relative both to the value of their homes and to their disposable incomes than in the U.S.”

“”However, it is becoming increasingly clear that the continuing disruption of global credit markets, which has been severe and protracted, is making it difficult for our financial institutions to raise long-term funding. This is beginning to affect the availability of mortgage loans and other types of credit in Canada,” he continued. “The Government has therefore decided to act to address the current scarcity of private sector lending to Canadian mortgage markets and lending markets overall. This is going to make loans and mortgages more available and more affordable for ordinary Canadians and businesses.”

20:15, 10 October, 2008 (UTC)
  • DJIA
  • 8.451,19 128,00 1,49%
  • Nasdaq
  • 1.649,51 4,39 0.27%
  • S&P 500
  • 899,22 10,70 1,18%
  • S&P TSX
  • 9.264,57 335,61 3.50%
  • IPC
  • 19.952,30 357,87 1,76%
  • Merval
  • 1.215,990 71.340 5,54%
  • Bovespa
  • 35.615,26 1,474.03 3,97%
  • FTSE 100
  • 3.932,06 381,74 8,85%
  • DAX
  • 4.544,31 342,69 7,01%
  • CAC 40
  • 3.176,49 266,21 7,73%
  • SMI
  • 5.347,22 451,62 7,79%
  • AEX
  • 258,05 23,92 8,48%
  • BEL20
  • 2.123,44 117,44 5,24%
  • MIBTel
  • 15.438,00 1,081,00 6,54%
  • IBEX 35
  • 8.997,70 905,20 9,14%
  • All Ordinaries
  • 3.939,50 351,80 8,20%
  • Nikkei
  • 8.276,43 881,06 9,62%
  • Hang Seng
  • 14.796,90 1,146,37 7,19%
  • SSE Composite
  • 2.000,57 74,01 3,57%

    Wikinews interviews Australian Gliders Leanne Del Toso, Sarah Vinci, Amber Merritt, Clare Nott

    Sunday, July 22, 2012

    Homebush Bay, New South Wales —On Friday, Wikinews sat down with first time Paraylympic Australian Gliders Leanne Del Toso, Sarah Vinci, and Amber Merritt, and second time Paralympic competitor Clare Nott at the Pullman Hotel following their 57–45 win against China at the Rollers & Gliders World Challenge in Sydney.

    With South African Paralympian Oscar Pistorius?’s inclusion in the 2012 Summer Olympics as one of the most talked-about Paralympic stories, the players were asked their feelings about his inclusion in the Olympic Games. As a group, they had mixed feelings. One one hand, they felt his inclusion was a positive thing for people with disabilities. On the other hand, they felt he could get a technological advantage from his blades. Del Toso said she could see that advantage based on her own use of splints for her legs.

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    Related to the Pistorius? story, the Gliders were asked if they would favour the inclusion of 5 point players, able-bodied competitors, competing in their sport at the Paralympics. As a group, they all said no, citing the numerous opportunities these players already had in Australia’s domestic competition and in state competitions. They felt their inclusion would deny opportunities to elite basketball players with disabilities to compete at the highest level.

    Merrit discussed problems with classification and her swimming career. She started as a swimmer, but while she has a club foot, this was not severe enough to allow her to maintain a disability swimming classification: they said she should compete in able-bodied swimming as she could learn the style to swim correctly. She was unable to do so and had to forgo swimming. Following a talent identification program, she took up wheelchair basketball.

    Del Toso came into wheelchair basketball after acquiring, at the age of nineteen, a degenerative disease that effects her nerves. She had previously played able-bodied basketball but had never considered playing wheelchair basketball until she participated in a talent identification event.

    With money being at the heart of many people’s ability to take their game to the next level, the players were asked about their general financial situation in terms of the level of support they were receiving from Australian sport organizations. They all indicated they received adequate funding from Basketball Australia, the Australian Sports Commission, and the Australian Paralympic Committee that allowed them to travel to games around the world and live comfortably, which contrasts to some other countries and sports where there is not a comparable level of support.

    When asked about the team’s body posture on the bench and their volume, the players indicated they put their hands under their armpits for warmth as the building is cold: it was not body language intended to convey any feeling about what was happening on the floor. The players also said their volume on the bench, while quiet, was effective and contrasted it to some teams who could be screechy, where volume is actually a sign of frustration with play.

    The Gliders start their London Paralympic campaign on August 30 against Brazil at 18:30 London time, August 31 at 3:30 Sydney time.

    Three dead in murder-suicide shooting at Southern California fast food restaurant

    Sunday, June 20, 2010

    A 6-year-old boy and his father were shot and killed Saturday afternoon while eating inside a busy Del Taco fast food restaurant in San Bernadino, California, before the shooter turned a gun on himself.

    According to the San Bernadino Police Department, 56-year-old Jimmy Schlager arrived at the Del Taco at 1:15pm PST (2015 UTC) on a bicycle, and, armed with two semi-automatic guns, entered the restaurant and opened fire on a family of four who were dining together. The employees and other customers all ran out of the restaurant and escaped without injury.

    The father of the family, identified as 33-year-old Alex Trujillo, was declared dead at the scene, said the San Bernadino Fire Department. His wife and two sons were taken to Loma Linda University Medical Center in critical condition. His 6-year-old son, Adrian, died shortly after. The victims each suffered two bullet wounds, except the mother, who police say received up to ten gunshots. The names of the 29-year-old woman and her 5-year-old son have not been released. Both remained in critical condition on Saturday night.

    After shooting the family, Schlager, later identified as the woman’s step-father, shot himself in the head. He was taken to Arrowhead Regional Medical Center, where he later died from the self-inflicted gunshot wound to the head. Police said Schlager had previously been arrested a number of times, on charges that included theft and assault with a deadly weapon.

    Fears grow about U.S. dollar stability

    Thursday, September 20, 2007

    The U.S. economy and its currency as an instrument of world trade has suffered a series of major setbacks in recent months. Some analysts say that the Federal Reserve‘s September 18th dramatic rate cut to 4.75% from 5.25% may be a case of “too little, too late”, or that it was excessive and dooms the dollar.

    Today, Saudi officials declined to cut interest rates in lockstep with the US Federal Reserve for the first time in decades. According to Ambrose Evans-Pritchard, International Business Editor for The Daily Telegraph, “it’s a signal that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.”

    Hans Redeker, the Currency Chief at BNP Paribas, also stated today that Saudi Arabia’s move to not adjust their own interest rates in sync with the Fed’s cuts is a very dangerous situation for the US dollar. Redeker points out that “Saudi Arabia has $800bn (£400bn) in their future generation fund, and the entire region has $3,500bn under management. They face an inflationary threat and do not want to import an interest rate policy set for the recessionary conditions in the United States.”

    Saudi central bank officials said that “appropriate measures” would be taken to stop the large capital inflows into the country. The Federal Reserve’s half-point rate cut has already caused a plunge in the world dollar index to a fifteen-year low, reaching the weakest level ever against the Euro at just under $1.40.

    The Fed hopes that by making it cheaper to borrow, people will start spending and investing more. However, some analysts fear the cut will worsen inflation, making it harder to get personal loans, and further decrease confidence in the dollar around the world. There are already signs that global investors have started rejecting U.S. Treasury securities, and recent U.S. government data on foreign holdings show a decline in purchases of US securities from $97bn to just $19bn in July.

    In response to Ben Bernanke‘s statements today about a potential mortgage and housing market crisis, CNN anchor Wolf Blitzer said, “If adjustable mortgage rates go up, people may not be able to afford their mortgage payments.” Former Federal Reserve chief Alan Greenspan said earlier this week that housing prices may fall by “double digits” as the subprime crisis bites harder, prompting households to cut back sharply on spending.

    Jim Rogers, the economic commentator and former partner of George Soros, stated, “If Ben Bernanke starts running those printing presses even faster than he’s already doing, we are going to have a serious recession. The dollar’s going to collapse, the bond market’s going to collapse. There’s going to be a lot of problems.”

    In recent months, the U.S. dollar has taken several other significant hits including Kuwait’s decision in May to also break its dollar peg, and threats by China to interfere with the U.S. economy, calling it their nation’s “nuclear option”. According to public sources, the Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions that seek to force a Yuan revaluation.