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Tuesday, July 19, 2011

Heat Wave and Wynn CEO Blasts Obama

Man is it hot out there.  Everyone needs to be careful.  A Fayetteville woman left her 1 month old in the car while she went to the grocery store yesterday.  Luckily, the child didn't die, but is still in bad shape.  Her excuse, she forgot the baby was in the car.  Really?

Also, Gold seems dear right now – especially considering its two-week run. It's soaring in the face of the U.S. and European crises. Once the government announces solutions (albeit short-term ones), the metal will correct.

Silver, on the other hand, does not seem overextended. Although "the other metal" continues its steady rise – crossing to more than $40 an ounce today – it's still nowhere near its record high of $50 an ounce, which it hit in April.


13 deaths in Midwest tied to heat wave 

The heat was on Monday for millions of Americans from the Upper Midwest to Texas and Oklahoma, where roads buckled and poultry farmers deployed fans and watered rooftops to protect flocks. 

The National Weather Service put 18 states stretching from North Dakota to Texas and East to Ohio under a heat warning, watch or advisory. It said as many 13 deaths in the past week in the Midwest could be blamed on the effects of the heat.

When humidity was factored in, the heat index made it feel as hot as 110 degrees in a broad swath of the nation.
"This is unusual," said Pat Slattery, spokesman for the Weather Service. "There's no sugar-coating anything here."
In steamy Oklahoma City, 13 state government buildings at the capitol were closed after a break in a water main that shut off air-conditioning systems. 
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Wynn CEO Goes On Epic Anti-Obama Rant On Company Conference Call

Who doesn't love a good rant? We certainly do, and as usual, Steve Wynn, the CEO of casino company Wynn Resorts, delivered on his company's quarterly conference call today.
Via Seeking Alpha, here's the crux of it:
I believe in Las Vegas. I think its best days are ahead of it. But I'm afraid to do anything in the current political environment in the United States. You watch television and see what's going on on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing's going to get fixed until the President himself steps up and wrangles both parties in Congress. But everybody is so political, so focused on holding their job for the next year that the discussion in Washington is nauseating.
And I'm saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime.
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Here is your Darwin Award winner for the day.
Monday, July 18, 2011 ALBUQUERQUE, N.M. (AP) — Albuquerque police say at least one vandal was likely seriously injured trying to steal copper from an elementary school because the thieves left behind several melted tools and a scorched T-shirt.
They cut into a power line at East San Jose Elementary School over the weekend and triggered a 480-volt electrical shock.
Albuquerque Public Schools officials tell KOB-TV the vandals were on top of the roof, equipped with tools and a plan to rip off copper wire.
Investigators say the thieves likely knew they were cutting into a live hot-wire but did it anyway.
Police have been checking emergency rooms looking for burn victims.

 

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