Right On Pope
CNN: Conservatives 'disturbed' by pope's remarks
“Wise men speak because they have something to say; Fools because they have to say something." Plato
"If nothing is agreed by tonight, which seems likely, there will be an economic hit as some [government] employees are put on unpaid leave and non-essential government services close..."
...how Washington will deal with a possible government shutdown and a debt ceiling that could keep the government from paying its bills.
...monthly report on personal income and spending at 8:30 a.m. ET.
Investors are now waiting for the U.S. government to provide its final estimate of second-quarter GDP at 8:30 a.m. ET...
There’s no way to make a dreadful situation pretty. But we can use the pain of it to recognize our sameness with other people. Shantideva said that since all sentient beings suffer from strong, conflicting emotions, and all sentient beings get what they don’t want and can’t hold on to what they do want, and all sentient beings have physical distress, why am I making such a big deal about just me? Since we’re all in this together, why am I making such a big deal about myself? Whatever usually drags us down and causes us to withdraw into ourselves is actually the stepping-stone for awakening our compassion and for contacting the vast, unbiased mind of the warrior.
There are concerns that Congress will be unable to adequately deal with the country's debt ceiling woes, which means the government risks defaulting on its debt next month.
Investors are again worried about the possibility of a U.S. government shutdown and its impact on the economy. They're also wary about the Federal Reserve's next monetary policy move...
...new data from HSBC showing China's manufacturing sector expanded at the fastest pace in six months.
...Hong Kong was closed in the morning because of Typhoon Usagi.
There is little in the way of economic or corporate news expected, though investors will be watching developments at Apple...
...investors welcoming the Federal Reserve's decision to make no change to the rate at which it is pumping money into markets.
At 10 a.m., the National Association of Realtors will release its monthly report on existing home sales.
THE TRUTH ABOUT AGGRESSION
If you’re aggressive in your dealings, that’s how you’ll be regarded in the world. You might smile and give generously, but if you frequently explode in anger, people never feel comfortable in your presence and you’ll never have peace of mind.
The central bank is scheduled to release a statement at 2 p.m. ET following the conclusion of its latest policy-making meeting. Fed chair Ben Bernanke will then hold a press conference at 2:30 p.m. to discuss the Fed's latest assessment of the economy and its plans for the future.
An announcement (from the Fed) on so-called tapering could be made Wednesday.
...Bureau of Labor Statistics, which will release the August edition of its Consumer Price Index at 8:30 a.m. ET.
Here's the truth: Just days after JFK was sworn in as president, one of the most terrifying weapons in our arsenal was a hair's breadth from detonating on American soil. It would have pulverized a portion of North Carolina and, given strong northerly winds, could have blanketed East Coast cities (including New York, Baltimore, and Washington, DC) in lethal fallout.
Investors are excited at the prospect of Yellen taking over from current Fed chairman Ben Bernanke, since she is widely expected to pursue a similar policy of stimulating the economy to bring the unemployment rate down.
The threat of imminent U.S.-led military strikes against Syria has now faded to the background...