Massive Chinese Cover-up!

The news we’ve all been waiting for has finally been announced.  The IOC has ordered an investigation of the true age of Chinese gymnast He Kexin.  I came across this news on Yahoo and was really glade to hear that something is being done.  If She if found to be under the age of 16 years old she and the winning team she was on will lose all their medals.  The medals she and her team hold are gold.  That means the Americans will receive a few new gold medals because of the Chinese cheating.  Make sure you all read the article on Yahoo,  theirs a security expert that found proof she’s 14.

Tags: American gymnast, Chinese gymnast

Cold War Again!

I was just reading an article on Yahoo that some of you would like to read.  When I was reading this article I was thinking here we go again.  Another cold war between America and Russia.  The only difference here is that we just might end up fighting them.  Russia is promising to attack Poland because they agreed to host a 10 U.S. interceptor missiles just 115 miles from Russia.  This would be right in Russia’s back yard, and Russia isn’t happy about it.  Russia is making a lot of mistakes lately by promising to attack country’s that are part of NATO.  And because of that ties between NATO and Russia have been put on hold.  Russia needs to stand down on Georgia and get out of the country.  Things would be much better if Russia would only comply with NATO.

Tags: Cold War, NATO, Russia, United States

Fannie Mae And Freddie Mac!

Well Fannie Mae and Freddie Mac are in the news again today. Which is one of the reasons for the Dow Jones going up and down through out the day. Wall Street is wondering if the government-chartered companies are going to need a bailout by Treasury Department. Which in turn would clear out shareholders equity. And the other reason is the price of oil is coming back down. Right now the price of oil is around $113 a barrel. We’ll see if it can hold or go below that mark by day’s end.

Tags: Fannie Mae, Freddie Mac

Crude Oil Up!

Well, another bad day on Wall Street. Which was mostly caused by the rising inflation and the weaker U.S. Dollar.  The price of oil per barrel went up $1.66 to end at $114.53.  And the U.S. Dollar got a little weaker compared to the Euro.  Although it’s been a rough start to this week I feel things will level out towards the end.  And hopefully the price of oil will get back in the habit of going down.  The recent drop of oil is already starting to show signs of it the pumps.  A gallon of gas was at $4.11 and is coming down to $3.73.  I feel that by years end the gallon of gas will be under $3.00, you’ll see.

Tags: Oil Prices, Wall Street