Mid-September News Digest

Greenspan, telling it like it is? -- Picture courtesy Wikipedia

by blogSpotter
I'm behind on my blog, and there have actually been a couple of newsworthy events worth mentioning. It seems OJ Simpson is in jail for a strange scenario in Las Vegas. He's alleged to have committed armed robbery to take back sports memorabilia that he thought was rightfully his. Now, that's a wrongful way to go about setting the situation right, even if his claim is true. The story is all over the editorial pages. One camp says that he has guilt over being found innocent of the 1994 double murder of ex-wife Nicole and her friend Ron Goldman. Maybe he wants to get arrested for something. Another camp thinks that OJ may have a God complex and thinks he can pretty much escape any punishment, ever. Let me remind OJ that notorious gangster Al Capone was finally nabbed for income tax evasion -- nobody ever said that poetic justice has to make the best sense. If I were OJ, I would mind all the P's and Q's; some people would love to haul him in and throw away the key.

Now on another front, ex-Federal Reserve Chairman Alan Greenspan has ruffled Republican feathers by dissing the Bush Administration. In particular, he faults the current President for not vetoing the many pork-laden bills that came through on his watch. Greenspan also raised eyebrows by complementing the Clintons and worse -- suggesting that the Iraq War is all about oil. The last claim has been a favorite of liberal bloggers all over. In a major feat of damage control, Greenspan appeared on NBC Today with Matt Lauer yesterday and did a "Jimmy Carter" back pedal. He changed the focus to Saddam Hussein -- he said that Saddam was indeed trying to take over the Straits of Hormuz and choke world oil supply. In the TV interview, Greenspan said that Saddam needed to be taken out, and that the "Oil War" was not the fault of W Bush's administration. To me, the tone and content of his TV appearance veered dramatically off of his book's message. Mr. Greenspan, do you need some Evian water to wash down the crow you're apparently eating?

On the technology front, Steve Jobs was true to his word and offered a $100 in-store coupon to early adaptors of the iPhone. However, the offer is only extended to iPhone customers who've activated their phones thru the AT&T service. Many iPhone customers are put off by this -- it should be of no concern to Apple how the purchasers use the product. It should only matter that they purchased it. This AT&T stipulation may lose as much good will as it engenders. I'm figuring the AT&T contact would run me $70 across 24 months, or $1,680.00. That's a lot of money -- think I'm still coming out ahead with my non-AT&T, $599 iPhone.

That's all the news that's fit to print today. There's a lot going on -- a prime interest rate may be reduced today, and that could be a boost to the stock market. The technology, tabloid and finance fronts are all pretty eventful these days -- we'll have to stay tuned for further updates.

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