2007年12月11日星期二

一样的预期,一样的见光死---Fed Lowers Rates, Wall Street Tumbles

The Federal Reserve dropped its most important interest rate to a nearly two-year low on Tuesday and left the door open to additional cuts to prevent a housing and credit meltdown from pushing the economy into a recession.
On Wall Street, stocks tumbled, reflecting disappointment among some investors who were hoping for a larger rate cut. The Dow Jones industrial plunged more than 200 points.
---------By Jeannine Aversa, AP Economics Writer

Al Gore accepted Nobel Peace Prize for 2007 yesterday

He begins his speech with:

“We, the human species, are confronting a planetary emergency - a threat to the survival of our civilization that is gathering ominous and destructive potential even as we gather here. But there is hopeful news as well: we have the ability to solve this crisis and avoid the worst - though not all - of its consequences, if we act boldly, decisively and quickly. ”

Then he end with:

"The future is knocking at our door right now. Make no mistake, the next generation will ask us one of two questions. Either they will ask: "What were you thinking; why didn't you act?"
Or they will ask instead: "How did you find the moral courage to rise and successfully resolve a crisis that so many said was impossible to solve?"
We have everything we need to get started, save perhaps political will, but political will is a renewable resource.
So let us renew it, and say together: "We have a purpose. We are many. For this purpose we will rise, and we will act." "