| Unstoppable Obama
You might as well divide the country in two and ship all the liberals one direction and the conservatives the other. Of course, the moderates would also need their own "nation" I guess, so now we have three sperate countries like we should already have in Iraq. Hmmm… Anyway, it's obvious that Obama is what's needed to bring this country to some sort of agreement for once over the issues facing this country. Whether he's characterized as the most liberal of all senators or not means nothing when you're president. You really have to make things happen there unlike Congress. I don't take my endorsement of Obama lightly - I've never voted in an election and I'm 53. Why? No one to vote for that wasn't more of the same. If I had been old enough I would have voted for Bobby Kennedy, but that's it.
BofA, Wachovia stand to reap windfall
Bank of America, the country's No. 1 credit-card issuer, is in line for big money from Visa's potentially historic stock listing. The Charlotte bank is Visa's second-biggest customer and the second-biggest holder of its Class B stock, behind JPMorgan Chase & Co. in both categories. Bank of America holds 46 million shares, or about 11 percent, of Visa's Class B stock. Class B stocks generally carry no voting rights. It's unclear how much Bank of America stands to make from Visa's initial public offering, which could raise $18.8 billion. In November, the bank's chief financial officer, Joe Price, said the bank would pay $230 million as a result of a Visa settlement with American Express, but that the bank's gain from Visa's IPO would be "substantially more than the settlement." In a filing in November, Charlotte-based Wachovia said its share of Visa's IPO would more than cover its share of the settlement; it took a $115 million expense for the settlement in the third quarter of last year.
Garrett says funds short for promises
Oklahoma schools, which haven't been given any new operations funds in several years, are already cash-strapped with higher utility and fuel costs.
Prorating state aid payments would short districts the state funds they've already factored into their budgets.
The Board of Education is expected to hear Garrett's request to ask for supplemental funding at its regular meeting next week. If approved, the measure would then head to lawmakers for consideration.
Angel Riggs (405) 528-2465 angel.riggs@tulsaworld.com
By the numbers
If the State Superintendent's request is approved, the Board of Education will ask lawmakers this session to approve
$43.1 million in supplemental funding to cover a: $37 million House Bill 1017 fund shortfall.
Police Blotter
Robbery try // Carmello Leynes, 58, a U.S. Postal Service employee, was preparing to remove mail from his truck in the 1000 block of N. Broadway about 6 p.m. Tuesday when a man armed with a stick reached into his pockets and attempted to rob Leynes. Police said Leynes fought the man off, causing him to flee with no property or money. Leynes was not injured, and no arrest had been made. Arrest // Police said that after a man broke into a house in the 2000 block of E. Lafayette Ave. about 8 p.m. Tuesday, he got into an argument with an 18-year-old female occupant that he knew. The woman was assaulted and then fled to a second-floor room and called police. Arrested at the scene and charged with burglary and domestic assault was Marquise Lewis, 18, of the 1700 block of E. 25th St.
Editorial cartoons from Mike Luckovich.
There should then be a joint international push to get the Iraqis to make the kinds of political deals that will turn the ceasefires into lasting peace. Over the next year if the violence continues to decline, countries like India, Poland and South Africa could be persuaded to relieve American troops. With sustained and focused efforts, over time, American forces could draw down substantially. The mission could then become what it was always billed as, a genuinely international effort to assist the Iraqi people in founding a new nation.}}}} I can't believe people still take these strokers in the drive by media seriously. Talk about living in a bubble. Imagine this as-shole two years from now, "they only won in Iraq cause of what I told them to do." Jag off.
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Chavez, China, and the coming startup squeeze
Rape and pillage" would be fair descriptors of the economic effects of OPEC's publicly stated acquiescence over today's new oil prices. Oil cost around $14 per barrel a decade ago, but is hovering around the $100 mark now. Having set the devil of overpricing in motion, he then re-nationalized PdVSA at home, followed by nearly all the oil fields in Venezuela. When this wasn't aggravation enough to keep prices high, he threatened to cut off all oil supplies to either the U.S. or Exxon earlier this month. China, meanwhile, simultaneously has been on a path to acquire the greatest future oil volume possible from OPEC providers through forward contracts -- done very quietly -- with the similar result of raising futures prices, and then spot prices, of oil. Higher oil prices have a double-negative effect upon healthy Western economies: They cause gross inflation, and they slow down the economy, even as they are masked as increased GDP -- usually a good thing (oops).
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