Queen Elizabeth II (QE2)

The liner Queen Elizabeth 2 arrives in Dubai, escorted by the UAE Coast Guard, Nov. 26, 2008. More than 60 naval vessels and private boats have met the 70,000-ton ship in the Persian Gulf as it heads for its new home, moored next to an artificial island. One by one they appeared on the horizon today in Dubai, circling and sounding their horns, white sails bobbing on the waves. More than 100 yachts, navy frigates and speedboats were giving chase, like paparazzi pestering an A-list starlet. In...Read Full Story

Shadowstats Unemployment Charts – hattip to  B - REAL(er) U-6 – Unemployment rate hits NEW HIGH – 17.1% and REAL(est) Unemployment is OVER 22%!!!  ———— We don’t need QE2 – Scott Grannis – … This idea deserves to be buried alongside the corpse of Keynesian economics. Government spending can’t boost growth because government spends money very inefficiently (especially when the spending program is designed by Pelosi, Reid & Co., and consists mainly of transfer payments and payoffs to unions...Read Full Story

The luxury liner Queen Elizabeth 2 made her final call at Malta’s Grand Harbour yesterday on her way to Dubai where she will be converted into a hotel. Photo: Darrin Zammit Lupi. MALTA - It was a “sad but special” day for the world’s most famous ship, its crew and those who have voyaged on it. It was time to say goodbye after four decades of service and Cruising The Past (http://cruiselinehistory.com) salutes the great liner.  Queen Elizabeth 2, the last of the great ocean liners, called at...Read Full Story

In her first trip to the Big Apple in over 30 years, Britain’s Queen Elizabeth II visited the site of the 9/11 attacks and gave an historic speech at the United Nations. The visit to New York lasted only one day, following a nine day trip to Canada. AP Photo/Mary Altaffer In the morning, Her Majesty was at the U.N. headquarters where she was to make her first speech there since 1957 – four years after she was crowned Queen. She mentioned that as she opened her speech. “Since then, I have...Read Full Story

The Fed Has Finally Bullied Hedge Funds Into Buying Government Bonds - Vincent Fernando, CFA According to SocGen Cros Asset Research, hedge funds as a group have recently become net-buyers of 10-year U.S. Treasury’s. - … Also note the timing of this shift. It starts right ahead of when the Federal Reserve announced that quantitative easing was back on the table. Nobody wants to play chicken with Ben Bernanke, and you can’t blame them since, as Deutsche Bank says, fresh QE could spark a major...Read Full Story