Obama and McCain trade expensive jokes at dinner
United States presidential Nominees in the November 2008 presidential elections put aside their heated political debates in recent times aside and made expensive self humiliating jokes at each other at a dinner . The subject of this expensive joke centers on “Joe the plumber” – a resident of Ohio.
Obama was quoted to have made remarks of how he was born in Krypton and sent to the earth by his father to save the planet- he was referring to Superman. However McCain made a joke about how democrats had started hating Joe the plumber- a small business man living in Ohio who could not possibly pay the increase in tax proposed by Obama . McCain had earlier referred to Joe the plumber at an earlier debate night on Wednesday October 15th. However both Obama and McCain had failed to noticed that Joe the Plumber had signed a lucrative contract with a rich couple to handle the plumbing works on seven of the couple’s houses.
Both McCain and Obama were invited to the 63rd annual Alfred .E. Smith Memorial Foundation dinner which was a charity dinner organized by the New York Catholic Arch-diocese to raise money for the needy children. Though around $4 million was raised at the event while there several politicians and business men attended the occasion, this did not stopped McCain and Obama from casting uncomfortable remarks and jokes about each other’s campaign to be at the White House and resuscitate the ailing economy of the United States.
October 17, 2008 Comments Off
Posted | Comment | Recommend | | | BRUSSELS (AP) — European Union leaders agreed Thursday to stick to their ambitious plan to cut greenhouse gases despite concern about the impact on industries already struggling with the global market meltdown. “The objectives remain unchanged, the calendar remains the same,” French President Nicolas Sarkozy told a news conference at the end of the two-day summit. “The deadline on climate change is so important that we cannot use the financial and economic crisis as a pretext for dropping it,” he said. Poland and six other Eastern European nations had infuriated other EU member states with a surprise demand that the bloc drop a…
MIAMI, Florida (CNN) — Hurricane Omar strengthened early Thursday as it blasted the northern Leeward and Virgin Islands with powerful winds and inundating rains. Omar’s maximum sustained winds increased to 125 mph — up from 115 mph overnight, the National Hurricane Center said. “Preparations to protect life and property should be rushed to completion,” the hurricane center said….
By CNN European Political Editor Robin Oakley BRUSSELS, Belgium (CNN) — This time they really do need to march in step. The first time a clutch of EU leaders got together as the world slipped into economic meltdown there was no unity. Soon the world was asking if an EU with 15 members inside the Eurozone and the other dozen using their own currencies was even capable of making a useful contribution. Typical was the reaction of Germany’s Finance Minister Peer Steinbruck to the idea of a common European bailout fund: “The Chancellor [Angela Merkel] and I reject a European shield because we as Germans do not want to pay into a big pot where we do not have control and do not know where German…
JEREMIAH MARQUEZ The Associated Press HONG KONG - World stocks tumbled Thursday, with Tokyo’s market plunging more than 11 percent, after another dive on Wall Street as worse-than-expected data about the U.S. economy heightened fears of a global recession. Japanese Prime Minister Taro Aso blamed the renewed drop in markets, which had rebounded earlier this week, on investor concerns that the U.S. government’s $700 billion bank bailout was insufficient. “Since it was insufficient, the market is again falling sharply,” Aso told lawmakers. He did not elaborate. Tokyo’s Nikkei 225 stock average slid 1,089.02 points, or 11.41 percent, to 8,458.45, its biggest drop since the 1987 stock market…
: Orhan Pamuk, the Turkish novelist and Nobel Prize laureate, publicly and forcefully denounced the Turkish government for its treatment of writers in a speech he gave at the opening ceremony of the Frankfurt Book Fair on Tuesday evening as the president of Turkey sat listening. Every year, a nation is chosen to be guest of honor at the fair, an annual rite of the international publishing industry, and this year it is Turkey. Hundreds of thousands…
European leaders called Wednesday for a new world financial order to prevent future financial crises, as growing signs of global recession dampened optimism over government efforts to bail out banks. The United States reported its biggest monthly decline in retail sales in more than three years, and Europe offered negative economic data and outlooks of its own. Markets around the world fell. At a meeting of European leaders in Brussels, Britain and Germany joined France in calling for an international summit this year to draw up a new world financial system.French President Nicolas Sarkozy, left, and Luxembourg Prime Minister Jean-Claude Juncker share a light moment during a European Union…
Alexander Burns 44 minutes ago Voters are closely divided over which presidential candidate won the third and final general election presidential debate, according to an exclusive Politico/InsiderAdvantage nationwide survey of undecided debate-watchers. Forty-nine percent of respondents said that Obama won the debate, compared to 46 who believed his opponent, Sen. John McCain, came out on top. The three-point gap separating the two candidates was equal to the poll’s margin of error….
By STEVE BULLOCK, Associated Press Writer 19 minutes ago CHRISTIANSTED, U.S. Virgin Islands - Omar strengthened into a fierce Category 3 hurricane late Wednesday as it pummeled St. Croix with heavy rains and winds, sinking boats in the harbor, knocking down trees and forcing workers to shut down a major oil refinery. The fast-growing hurricane was roaring toward the U.S. and British Virgin Islands with top winds of 115 mph (185 kph). Omar’s center appeared set to edge passed the tiny tourist islands, but forecasters warned they could still get hit. “It could thread the needle, but any kind of track deviation and any of those islands will be clobbered,” said Jack Beven of the U.S. National…
16 Oct 2008, 0910 hrs IST,REUTERS MUMBAI: The Indian rupee…
October 16, 2008 Comments Off
Swedish loan for the biggest bank in Iceland, Bail-out for British banks
There seems to be an end in sight to the financial crisis plaguing some of the biggest financial institutions in Europe as the British government has planned a 50 billion pound loan for its banks while some banks like Kaupthing of Iceland have received funding from Sweden. Kaupthing bank is the biggest bank in Iceland and has been in serious financial crisis especially with the new Legislation which has not favor some financial institutions in the country. One of the unfavorable decision made by the Iceland government if the acquisition of 75% stake in Glitnir Bank- the third largest bank in Iceland. This decision has been described by financial regulators as the biggest Bank robbery in Iceland . The biggest banks in Iceland have thus decided to seek funding from outside sources in order to beat the harsh Legislation.
British banks will get an unprecedented 50 billion pound lifeline from the British government through the British Central bank especially when the country’s financial market is freezing and threatening the country’s financial system. The plan has also made available the sum of 200 billion pounds borrowable in loans. The Government has also decided to buy preference shares to help boost capital in some of the banks. The British government is following the footsteps of the United States government that has decided to bail out financial institutions in United States with $700 billion. It is expected that this loan will ensure that the freezing global financial markets are resuscitated and allowed to function normally in the UK
October 11, 2008 Comments Off
