STOCK MARKET WATCH, Tuesday, April 12, 2011

[Pale Blue Dot]

Source: du

STOCK MARKET WATCH, Tuesday, April 12, 2011

AT THE CLOSING BELL ON April 11, 2011

Dow 12,381.11 +1.06 (+0.01%)
Nasdaq 2,771.51 -8.91 (-0.32%)
S&P 500 1,324.46 -3.71 (-0.28%)
10-Yr Bond... 3.55 -0.04 (-1.06%)
30-Year Bond 4.63 -0.03 (-0.64%)

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Market Conditions During Trading Hours

Euro, Yen, Loonie, Silver and Gold

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Handy Links - Market Data and News:Economic Calendar    Marketwatch Data    Bloomberg Economic News    Yahoo! Finance    Google Finance    Bank Tracker    
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Handy Links - Government Issues:
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Handy Links - Videos:
The Coming Collapse of the Middle Class    Charlie Rose talks with Roubini    Charlie Rose talks with Krugman
    William Black: This Economic Disaster    Bill Moyers with Kevin Drum and David Corn

Bush Administration Officials Convicted = 2
Names: David Safavian, James Fondren
Dishonorable Mention: former House majority leader, Tom DeLay

Bush Administration Officials Charged = 1
Name(s): Richard Lopez Razo

Financial Sector Officials Convicted since 1/20/09 = 11

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

Read more: du

[Pale Blue Dot]

1. Today's Reports

Apr 12 08:30 Trade Balance Feb -$45.0B -$45.7B -$46.3B
Apr 12 08:30 Export Prices ex-ag. Mar NA NA 0.9%
Apr 12 08:30 Import Prices ex-oil Mar NA NA 0.3%
Apr 12 14:00 Treasury Budget Mar -$189.0B -$189.0B -$65.4B

Read more: http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz1JJ1lMLHb

[Pale Blue Dot]

35. Prices for U.S. imports jump 2.7% in March

WASHINGTON (MarketWatch) — The prices paid for goods imported into the U.S. jumped 2.7% in March, the biggest increase in nearly two years, as fuel and food costs accelerated, according to government data.

Import prices have risen more than 1.0% in each of the past six months and they have climbed 9.7% over the past year, marking the largest 12-month increase since April 2010.

Economists surveyed by MarketWatch had expected import prices to climb 2.0% last month, The increase in import prices In February was left unchanged at 1.4%.

The continued increase in import costs — one of several main inflation gauges — is likely to stoke growing concerns about rising prices and the potential drag on the U.S. economy. Higher costs for necessities such as fuel and food mean consumers have less money to spend on other things.

http://www.marketwatch.com/story/prices-for-us-imports-jump-27-in-march-2011-04-12?reflink=MW_news_stmp

[Pale Blue Dot]

36. U.S. trade deficit narrows

NEW YORK (CNNMoney) -- The U.S. trade gap narrowed in February, as both exports and imports declined during the month.

The trade balance, which measures the difference between the nation's exports and imports, narrowed to a $45.8 billion deficit in February, down from a revised $47 billion in January, the Commerce Department said Tuesday.

The data falls in line with economists' estimates for a $45.7 billion deficit.

Exports totaled $165.1 billion in February, down $2.4 billion from the month before. Imports totaled $210.9 billion, or $3.6 billion less than in January.

http://money.cnn.com/2011/04/12/news/economy/trade_balance/?section=money_latest

[Pale Blue Dot]

2. Oil above $109 ahead of key crude demand reports

SINGAPORE – Oil prices dropped to above $109 a barrel Tuesday in Asia, extending losses from the previous session ahead of key reports on the impact of rising fuel costs on global crude demand.

Benchmark crude for May delivery was down 49 cents at $109.43 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost $2.87 to settle at $109.92 on Monday.

In London, Brent crude for May delivery was down 31 cents to $123.67 a barrel on the ICE Futures exchange.

Investors later Tuesday will be closely watching the latest reports on global crude supply and demand from the Organization of Petroleum Exporting Countries, the International Energy Agency and the Energy Department's Energy Information Administration. MasterCard SpendingPulse also will release its latest survey of retail gasoline demand in the U.S.

http://news.yahoo.com/s/ap/oil_prices

[Po_d Mainiac]

19. Goldman says it's time to sell crude

No doubt to cover their proprietary short positions and create a lower entry point at the expense of their customers.

[xchrom]

27. Cruise cautiously on crude; geopolitical issues spell worry

http://www.moneycontrol.com/news/commodities/cruise-cautiouslycrude-geopolitical-issues-spell-worry_535578.html

From being a non entity in terms of commodity last year, it is one asset class that has come roaring back and has everything working for it, though ironically against for many other markets. Alastair Newton of Nomura International, Jonathan Barratt managing director of Commodity Broking Services and Rajini Panicker of MF Global Commodities discuss where might the crude go from here and how do you go about investing in crude.

Below is a verbatim transcript of the discussion. Also watch the accompanying video.

Q: Crude is so much about geopolitical issues, how do you define or describe the situation in the Middle-East North America (MENA) region right now. What kind of impact does it have on crude prices?

Newton: Since, we saw a turmoil move into Libya; it continues to pose a direct threat to oil outputs. The markets have priced-in for the complete loss of oil output from Libya, which is more or less where things stand today, offset to an extent by the additional million barrels a day which Saudi Arabia, Kuwait, Abu Dabi and Nigeria will be pumping between them, by about the end of first week of April.

Now having got to this point where we have seen oil being fairly static, within that range, there will be volatility still between those two prices. I would add that as far as we can tell, there is no additional clear and present danger to oil or gas output anywhere else in the MENA region.

[xchrom]

33. Rising global demand to boost refining industry: Essar Oil

http://indiaearnings.moneycontrol.com/sub_india/compnews.php?autono=535711

Essar Oil’s fourth quarter (January-March) net profit surged 78% year-on-year to Rs 321 crore, driven by strong sales and higher gross refining margins. The quarterly sales rose 27.4% y-o-y to Rs 13, 564 crore, and gross refining margin was USD 8.15 per barrel compared to USD 5.37 last year.

For the full year, the company clocked a net profit of Rs 654 crore from Rs 29 crore last year, and net sales increased 28.4% to Rs 47,905 crore. Gross refining margin (GRM) for the year was USD 6.91 per barrel versus USD 3.70 per barrel last year.

In an exclusive interview with CNBC-TV18, Naresh Nayar, managing director of Essar Oil says the company's margins have improved on the back of rising global demand. “It is largely driven by the developments that have taken place with the Middle-East, as well as the Japanese crisis,” he says.

He also adds that the company’s margins have improved last one year. “Last year, we saw 2.9 million barrels per day of growth in oil demand globally. If this trend continues, 2011 should also be a good year for the refinery industry,” he adds.

[Pale Blue Dot]

3. Futures Slip as Alcoa Disappoints

U.S. stock futures fell on Tuesday, pressured in the wake of disappointing first-quarter sales from aluminum giant Alcoa /quotes/comstock/13*!aa/quotes/nls/aa (AA 17.24, -0.53, -2.98%) and Japan's decision to raise its assessment of the severity of the nuclear crisis to the same level as the Chernobyl disaster.

About three hours before the start of trade, futures on the Dow Jones Industrial Average were 49 points lower at 12272, Standard & Poor's 500 futures fell 6.2 points to 1313.4, while Nasdaq 100 futures declined 10.5 points to 2297.5.

Japanese regulators on Tuesday assessed the crisis at the nation's damaged nuclear facility as level 7—the highest possible on an international scale—but said the amount of radiation released is around 10% that of the 1986 accident in Ukraine.

The development left most Asian stock markets under pressure, with Japan's Nikkei index dropping 1.7%. European shares followed suit, with the Stoxx Europe 600 Index falling 0.6%.

http://www.marketwatch.com/story/futures-slip-as-alcoa-disappoints-2011-04-12

[xchrom]

4. Nigerian elections may spur next oil supply shock

http://www.marketwatch.com/story/nigerian-elections-may-spur-next-oil-supply-shock-2011-04-12?dist=beforebell

SAN FRANCISCO (MarketWatch) — Elections in Nigeria, Africa’s largest oil producer, may be the source of the next oil shock, adding to concerns over global supplies already shaken by fighting in Libya and the Middle East.

The nation’s first round of government elections on Saturday was marred by violence, with a fatal bombing at the election commission’s office in Suleja the day before. Presidential elections are scheduled for April 16 and gubernatorial elections have been set for April 26.

Dissatisfaction with the election process could lead to sabotaged oil pipelines and attacks on production, a reprise of what Nigeria experienced during much of the past decade. A hit to Nigeria’s output would add more support to oil prices that recently topped $126 a barrel in European markets and touched $113 in New York Monday.

The March turmoil in Libya demonstrated how “daily oil production at the margin, even if only 2% of global market demand, can spike the price of oil,” said Mark Williams, a risk management expert and finance professor at Boston University.

[xchrom]

5. Bailouts for banks, free markets for us

http://www.marketwatch.com/story/bailouts-for-banks-free-markets-for-us-2011-04-12?link=home_carousel

NEW YORK (MarketWatch) — Hope Now, the industry program designed to reduce foreclosures, was supposed to be the bailout for the rest of us.

“Bailout” is probably the wrong word. For most homeowners facing default or foreclosure, the price of a loan modification is steep: ruined credit, fees, red tape and a less-than 50-50 chance they would receive a new mortgage that fit their budget.

Big banks got their cash immediately, and then government guarantees on any new debt they wanted to raise.

Now, it appears that the moral and economic gulf between the bailouts the banks got and the kind we’re getting is widening. A proposed settlement over foreclosure fraud between state attorneys general and big banks is tilted almost entirely toward the banking industry.

[xchrom]

6. Why Europe’s debt crisis isn’t over

http://www.marketwatch.com/story/why-europes-debt-crisis-isnt-over-2011-04-12?link=home_carousel

LONDON (MarketWatch) — Political leaders in Europe have spent the last few days telling everyone who will listen that the credit crisis here is over.

Portugal, they say, will be the last country to need a bail out. And Spain, the next weak link in the chain, will be OK.

“Spain isn’t a problem,” French finance minister Christine Lagarde told my colleagues at The Wall Street Journal. Read “EU Finance Ministers Expect Spain Won’t Follow Portugal.”

“Now I do not see any risk of contagion,” said Spain’s Finance Minister Elena Salgado. “I think we are totally out of this.”

[xchrom]

7. Both sides dig in as new budget wars loom

http://www.marketwatch.com/story/gop-digs-in-as-obama-readies-fiscal-plan-2011-04-11

WASHINGTON (MarketWatch) — Republicans and Democrats braced on Monday for a round of fresh confrontations over government spending and debt, as President Barack Obama prepared to give a major fiscal-policy speech and Republicans challenged him to offer what they called “serious” proposals about reducing the deficit.

Fresh from concluding a deal to avert a government shutdown late Friday night, lawmakers and the White House are turning to debates over a spending bill for fiscal 2012, as well as a vote on increasing the U.S. debt limit.

On Wednesday, Obama will outline a plan to slash the deficit that’s expected to call for cuts in Medicare and Medicaid and changes to Social Security, as well as raising taxes on wealthy Americans.

Obama “will very clearly lay out his vision for deficit reduction, the need for it to be balanced, the need for it to be bipartisan, the need for it to address the long-term drivers of our debt and for everyone to share in the burden of bringing our fiscal house into order,” White House spokesman Jay Carney said on Monday.

[xchrom]

8. 10 Things You Need To Know Before The Opening Bell

http://www.businessinsider.com/10-things-april-12-2011-4

* Asian indices were in the red with the Nikkei down 1.69%. Major European indices are down and US futures indicate a negative open.

* UK retail sales fell 1.9% year-over-year in March, the steepest decline in six years. Non-food retailers took an especially hard hit and the pound slid against the dollar on the news. Here are 8 shocks slamming the global economy >

* German investor confidence plummeted in April due to rising oil prices in the ECB rate hike. The ZEW Indicator of Economic Sentiment fell 6.5 points to a 7.6, well below the all time average of 26.6.


Read more: http://www.businessinsider.com/10-things-april-12-2011-4#ixzz1JJ6zvC1b

[Pale Blue Dot]

11. That's a whole lot of bad news -

that our markets and press will ignore.

[xchrom]

13. that's what i thought. nt

[Po_d Mainiac]

34. The 4X chart is pissing on it's boot

And it does not appear to have prostate issues. The day may be young...BUT

Watch for gravity doing it's thing, esp. PM's and grocery/food based commodities.

[xchrom]

9. The Guy Who Says He Owns 50% Of Facebook Just Filed A Boatload Of New Evidence

http://www.businessinsider.com/facebook-lawsuit-paul-ceglia-new-evidence-2011-4

He's the fellow in upstate New York who sued Mark Zuckerberg last July, claiming that, way back in 2003, Zuckerberg had agreed to give him a 50% ownership in the project that became Facebook.

That claim seemed preposterous at the time, not least because Ceglia had waited 7 years to file it.

And there was also the fact that Ceglia was a convicted felon, having been charged with criminal fraud in connection with a wood-pellet company he operated.

In the weeks following the filing of the lawsuit, Ceglia produced what Ceglia said was a copy of the contract he and Mark Zuckerberg had signed covering two projects on which the two were working together--a Ceglia project called "StreetFax" and a Zuckerberg project called "the face book." He also produced a canceled check for $1,000. He also explained why he waited 7 years to file the claim.

Read more: http://www.businessinsider.com/facebook-lawsuit-paul-ceglia-new-evidence-2011-4#ixzz1JJ7VVBR3

[xchrom]

45. Court upholds Winklevoss twins' Facebook deal from 2008

http://www.latimes.com/business/la-fi-facebook-winklevoss-20110412,0,3506898.story


By Jessica Guynn and Carol Williams, Los Angeles Times

April 12, 2011
Reporting from San Francisco and Los Angeles—
It was not quite the Hollywood ending that Cameron and Tyler Winklevoss wanted in their six-year legal brawl with Facebook Inc.

The identical twins who alleged that Mark Zuckerberg stole the idea for Facebook from his Harvard classmates — the gist of which became the hit movie "The Social Network" — cannot back out of a settlement they signed with Zuckerberg in 2008, a federal appeals court panel has ruled.

The Winklevosses had sought to overturn the negotiated settlement, worth about $65 million at the time, alleging that Facebook had swindled them out of their fair share of stock. Facebook's value has risen sharply since the deal was reached.

But a three-judge panel of the 9th Circuit Court of Appeals in San Francisco unanimously rejected the Winklevosses' claims Monday and upheld the settlement.

[xchrom]

10. David Sokol Had Way More Discussions With Lubrizol's Bankers

http://www.businessinsider.com/details-emerge-in-berkshire-deal-that-led-to-resignation-2011-4

David Sokol had more conversations with Brazil's bankers at Citigroup "than previously disclosed," it turns out.

A Lubrizol proxy filing reveals that Sokol was informed by Citi bankers as early as December 17 -- before he bought a second round of shares in the chemical company -- that the Lubrizol board was going to discuss Berkshire Hathaway's interest in buying the company.

Sokol, one of Warren Buffett's top executives and long considered a top contender to succeed the Berkshire chief, suddenly resigned from the company last month. He'd bought thousands of shares in Lubrizol before Berkshire acquired it for $9 billion and earned $3 million as a result of the trades.


Read more: http://www.businessinsider.com/details-emerge-in-berkshire-deal-that-led-to-resignation-2011-4#ixzz1JJ8ETcyy

[xchrom]

12. some one bring me my guillotine:Simon Johnson Explains "What The Banks Did To Us"

http://www.businessinsider.com/simon-johnson-seriously-goldman-sachs-cant-fail-its-too-scary-2011-4

Simon Johnson, the former IMF chief economist who is now a professor at MIT's Sloan School of Management recently spoke at INET's conference in Bretton Woods on a panel on "Too Big to Fail."

He told the room that Goldman is still too big too fail; it simply has to be bailed out if it fails at this point.

We've transcribed part of his speech:

"Who in the room thinks that if Goldman Sachs hit a rock, a hypothetical rock -- I'm not saying they have, I'm not saying they will -- today, who here thinks they would be allowed to fail, like Lehman Brothers did, unimpeded by any government bailout, starting Monday morning? Can Goldman Sachs fail?"

Read more: http://www.businessinsider.com/simon-johnson-seriously-goldman-sachs-cant-fail-its-too-scary-2011-4#ixzz1JJ8pVihU

[Hotler]

37. The video of Simon Johnson is a must see.

Much more impact than the transcript.

[xchrom]

14. 18 Cities Where The Suburbs Are Rapidly Turning Into Slums

http://www.businessinsider.com/american-slums-2011-4

During past recessions, American cities became centers of poverty and crime. But this time, it was the suburbs that suffered.

Between 2000 and 2008, suburbs saw their poor populations grow by 25 percent -- almost five times faster than urban poverty growth, according to Brookings.

Read more: http://www.businessinsider.com/american-slums-2011-4#ixzz1JJ9gU0sS

[fasttense]

17. Poverty shifting to the suburb?

Or is poverty just spreading all over because there is just so much more of it?

[xchrom]

21. i don't know. nt

[xchrom]

15. JP Morgan Warns Of A Dystopian Future Where America Will Kick Old People To The Curb

http://www.businessinsider.com/jp-morgan-logans-run-2011-4


JP Morgan's Michael Cembalest gives a chilling analogy to America's future: the 1976 film Logan's Run.

In the film, a world with insufficient resources maintains its equilibrium by killing everyone over the age of 30 (in the original book, the age was 21). The narrative revolves around how people are tracked through imprints in their hands, and how the protagonist tries to escape. It’s just a movie, but it taps into American fears about who makes these choices, and how they make them. With 30% of Medicare expenses taking place in the last year of life, and with government healthcare spending outstripping education spending by 10x over the last 50 years, this issue will be very hard to sort out.

JP Morgan's chief investment officer, Cembalest says entitlement costs are unsustainable: "The United States (its politicians and its citizens) have jointly created a leviathan of entitlement obligations which are 10 times the real cost of all its wars since the American Revolution."

Read more: http://www.businessinsider.com/jp-morgan-logans-run-2011-4#ixzz1JJAIcf1R


jp morgan becomes a caring cassandra
:eyes:

[bread_and_roses]

16. even my mind reels just at the blurbs posted above

I am away till Sunday - see you all then, goddess willing.

[xchrom]

24. have fun!

:hi:

[Tansy_Gold]

30. Same feeling here, b&r, returning after a few days' absence

Life intervened, and I braced myself for the shock of return but was still unprepared.

It's gonna take a few days to get back in the swing.


:hi: everyone!



TG

[xchrom]

32. hi tansy

:hi: :toast:

[hamerfan]

64. Hi Tansy!

We welcome your wit and honesty every chance you get to post here.
:hi:

[Demeter]

18. I'm Trying to Develop a Sense of Shared Caring

and it's just not working. So I guess, it's revolution, instead.

Furthermore, based on the level of stupid I've seen elsewhere on this site, I think I'm taking a mental health day. I'll see you all later. Have fun.

[xchrom]

25. take care of your self demeter!

:toast: :pals:

[Tansy_Gold]

41. every day is a mental health day any more

take care of yourself, my friend.

[Festivito]

20. Debt: 04/08/2011 14,265,383,134,019.53 (UP 1,137,607,707.95) (Fri, UP a little.)

(Still under the old debt limit of 14.294-trillion dollars by 29-billion dollars. Good day.)
Mornings not best for the bestest of the best.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,652,196,858,759.48 + 4,613,186,275,260.05
UP 1,314,747.36 + UP 1,136,292,960.59

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 312-Million person America.
If every American, man, woman and child puts in $3.21 THAT'S 1B$, and $3,207.73 makes 1T$.
A family of three: Mom, Dad, Child: $9.62, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 311,746,592 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $45,759.55.
A family of three owes $137,278.64. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 22 reports in the last 30 to 31 days.
The average for the last 22 reports is 3,282,108,206.72.
The average for the last 30 days would be 2,406,879,351.60.
The average for the last 31 days would be 2,329,238,082.19.
There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 251 reports in 365 days of FY2010 averaging 6.58B$ per report, 4.53B$/day.
There were 130 reports in 190 days of FY2011 averaging 5.41B$ per report, 3.70B$/day.
Above line should be okay

PROJECTION:
There are 653 days remaining in this Obama 1st term.
By that time the debt could be between 15.2 and 17.6T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
04/08/2011 14,265,383,134,019.53 BHO (UP 3,638,506,085,106.45 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,703,760,103,127.80 ------------* * * * * * * * * * * * * * * * * BHO
Endof11 +1,351,960,198,113.93 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
03/17/2011 -014,916,428,437.31 -
03/18/2011 +000,616,236,061.23 ------------********
03/21/2011 -000,100,873,734.64 --- Mon
03/22/2011 +000,366,066,174.28 ------------********
03/23/2011 -000,063,255,741.95 ----
03/24/2011 -015,763,143,549.40 -
03/25/2011 -000,034,574,737.25 ----
03/28/2011 +000,227,402,237.21 ------------******** Mon
03/29/2011 +000,181,007,415.32 ------------********
03/30/2011 +000,670,089,469.30 ------------********
04/04/2011 +000,336,873,927.41 ------------******** Mon
04/05/2011 -000,031,815,631.67 ----
04/06/2011 -000,011,756,275.73 ----
04/07/2011 +002,235,163,853.48 ------------*********
04/08/2011 +000,001,314,747.36 ------------******

-26,287,694,222.36 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4808953&mesg_id=4809991

[Festivito]

54. Debt: 04/11/2011 14,267,760,539,191.89 (UP 2,377,405,172.36) (Mon, UP a little.)

(Still under the old debt limit of 14.294-trillion dollars by 26-billion dollars. Good day.)
Fed up with Fedex. Well, they're not so bad at all.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,652,587,224,970.63 + 4,615,173,314,221.26
UP 390,366,211.15 + UP 1,987,038,961.21

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 312-Million person America.
If every American, man, woman and child puts in $3.21 THAT'S 1B$, and $3,207.51 makes 1T$.
A family of three: Mom, Dad, Child: $9.62, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 311,768,192 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $45,764..
A family of three owes $137,292.01. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 20 reports in the last 30 to 31 days.
The average for the last 20 reports is 5,170,008,895.65.
The average for the last 30 days would be 3,446,672,597.10.
The average for the last 31 days would be 3,335,489,610.10.
There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 251 reports in 365 days of FY2010 averaging 6.58B$ per report, 4.53B$/day.
There were 131 reports in 193 days of FY2011 averaging 5.39B$ per report, 3.66B$/day.
Above line should be okay

PROJECTION:
There are 650 days remaining in this Obama 1st term.
By that time the debt could be between 15.2 and 17.6T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
04/11/2011 14,267,760,539,191.89 BHO (UP 3,640,883,490,278.81 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,706,137,508,300.10 ------------* * * * * * * * * * * * * * * * * BHO
Endof11 +1,335,441,401,707.45 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
03/18/2011 +000,616,236,061.23 ------------********
03/21/2011 -000,100,873,734.64 --- Mon
03/22/2011 +000,366,066,174.28 ------------********
03/23/2011 -000,063,255,741.95 ----
03/24/2011 -015,763,143,549.40 -
03/25/2011 -000,034,574,737.25 ----
03/28/2011 +000,227,402,237.21 ------------******** Mon
03/29/2011 +000,181,007,415.32 ------------********
03/30/2011 +000,670,089,469.30 ------------********
04/04/2011 +000,336,873,927.41 ------------******** Mon
04/05/2011 -000,031,815,631.67 ----
04/06/2011 -000,011,756,275.73 ----
04/07/2011 +002,235,163,853.48 ------------*********
04/08/2011 +000,001,314,747.36 ------------******
04/11/2011 +000,390,366,211.15 ------------******** Mon

-10,980,899,573.90 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4810542&mesg_id=4810596

[xchrom]

22. I Just Paid More Taxes Than Most of Corporate America

http://blogs.alternet.org/speakeasy/2011/04/11/i-just-paid-more-taxes-than-most-of-corporate-america/

If recent trends in business taxation hold, when I finally get around to writing the check and putting my tax return in the mail, I’ll be contributing more in federal income taxes than the bulk of all U.S. corporations.

Of course, that’s not saying much. It’s not hard to chip in more than zero dollars.

In recent weeks there has been considerable uproar over a story in the New York Tines reporting, “G.E.’s Strategies Let It Avoid Taxes Altogether.” The article stated:

General Electric, the nation’s largest corporation, had a very good year in 2010.

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.

That may be hard to fathom for the millions of American business owners and households now preparing their own returns, but low taxes are nothing new for G.E….Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore.

[DemReadingDU]

28. Grossly unfair

especially since the Supreme Court ruled that corporations are people

[xchrom]

23. Remember the Unemployed

http://www.dissentmagazine.org/atw.php?id=423

Libya and the democracy movement in the Arab world have sucked much of the oxygen from the political air. President Obama, after deciding to intervene against Muammar Qaddafi, returned to campaign mode. He boasted on April 1 that the decline in the unemployment rate to 8.8 percent meant that it dropped 1 percent in the last four months. He added that this was the largest four-month decline since 1984. One can understand why the president pointed to 1984, hoping that employment gains will produce a victory in 2012 as it did for Reagan in that year. Do not be fooled. The president’s advisers cherry-picked the numbers.

During the first six quarters of Reagan’s post-recession years, the economy gained 4.2 million jobs; in the comparable period during the Obama years, the economy lost 264,000 jobs. In 1984 the economy grew at 6.6 percent. There’s no chance of that in 2011 or 2012, the way things are going. The president failed to report that weekly average hours in 2011 stayed the same at 34.3 while in the Reagan period they increased by 3.7 hours to 41.2. (Rising hours is a sign that employment gains will follow.) Also, wages were stable in 2011 while they rose in the equivalent period in 1984. Finally, adding those who do not have a full-time job and blame that on the economy yields an unemployment rate of 15.7 percent. One in six people in America want to work full-time but cannot find a job. Still, the breathless Washington Post found that the additional 216,000 jobs were “promising signs that the recovery is building momentum.”

[DemReadingDU]

26. British video: Daddy. Can I have my pocket money?

No, you can't have any pocket money because mommy and daddy don't have any money left...

http://www.youtube.com/watch?v=EMj369ISJSc

[xchrom]

29. ...

:applause:

[Hotler]

40. That's fucking awesome. Another must see video.

Share this with your neighbors, coworkers.

[TalkingDog]

51. So AWESOME!!!!

should be it's own thread.

post it in political videos please...

[tclambert]

65. Terrific video.

But now I've got a song from Mary Poppins stuck in my head. You know which one.

[xchrom]

31. things that happen there affect us here --

http://indiaearnings.moneycontrol.com/sub_india/compnews.php?autono=535796

Earnings Recap: See how India Inc fared in last quarter

India Inc will kick start the fourth quarter (Q4) earnings season with IT bellwether Infosys announcing its numbers on April 15. Experts believe the Q4 performance of major companies is likely to provide the market with trigger for its next significant move on either side.

Moneycontrol recaps India Inc’s third quarter performance in an attempt to gauge the future. The Q3 earnings season turned out to be a mixed bag with its share of highs and lows.

Moneycontrol analysed the (Q3) quarterly results of over 3700 companies. As per data, profit after tax (PAT) of these companies slumped 15%, quarter-on-quarter (QoQ). The primary reason of the PAT slowing down was elevated interest costs and expenses of 6.91% and 8.6% respectively. Also, drop in other income at 9.27% added to the woes of India Inc. Meanwhile, sales registered modest growth of 5.67% compared to 8.18% last quarter.

Operating margins too declined at 22.29% vis-à-vis the September ‘10 quarter at 24.38%. The most worrisome factor for the market was slide in net profit margins by 215 basis points (bps) at 8.8% vis-à-vis 10.96% in September ’10. So, that’s a key concern.

[Hotler]

38. k&r Thanks for SMW n/t

[xchrom]

39. Crooked Indians

http://www.atimes.com/atimes/South_Asia/MD13Df02.html

There are perhaps only two countries in the world which give me sleepless nights. I have long ago stopped losing any worry beads on the future of countries that I like but have long since given up the ghost on the issue of staying globally relevant (Japan, most of Europe). Similarly, I worry but am not all that concerned about countries that have substantial structural issues but which are likely to be resolved by their mature governments (China, Australia fall into this category).

Then there are those countries which have significant issues but also a thoroughly optimistic view of their future; essentially a self-resolving morass of concerns (much of Latin America falls into


this category). The last group of countries I lose no sleep on are the ones where the populace have their collective heads up their own backsides (the Middle East and the Stans).

All of which leaves me with two countries both of which I like a lot, but which appear to be headed in exactly the wrong directions with a great deal of momentum. One of these two is the United States, which has been a frequent subject of my articles for the past five years. The other country is India, which has interestingly (for me) gone from being a sure shot at future relevant giant to being something altogether more fuzzy and volatile.

In the days of yore, Americans earned for themselves the title of being the world's boors for their habits while traveling and doing business abroad. As the generic description of the origins of the term 'Ugly American' in Wikipedia puts it:

[xchrom]

42. Stocks, Commodities Fall on Japan Nuclear Crisis; Bonds, Swiss Franc Gain

http://www.bloomberg.com/news/2011-04-12/asian-stocks-commodities-drop-on-japan-quake-growth-outlook-yen-climbs.html

Stocks fell the most in a month, led by emerging markets, while commodities retreated and bonds and the Swiss franc gained as earthquakes struck Japan. U.S. shares slid after Alcoa Inc. (AA)’s sales trailed estimates, and oil plunged for a second day.

The MSCI All-Country World Index of shares in 45 countries dropped 0.9 percent at 9:51 a.m. in New York as the MSCI gauge of developing-nation stocks retreated 1.6 percent and the Standard & Poor’s 500 Index lost 0.6 percent. The 10-year Treasury yield fell seven basis points to 3.51 percent, the franc strengthened against all 16 major peers and the yen appreciated versus 14. Crude futures slumped 2.6 percent after slipping 2.5 percent yesterday.

Japan was hit by two earthquakes stronger than magnitude 6 today and the government raised the severity level of its nuclear crisis to the highest, matching the 1986 Chernobyl disaster. The country’s Economic and Fiscal Policy Minister Kaoru Yosano said the March 11 quake may hurt the economy more than forecast. JPMorgan Chase & Co. and Bank of America Corp. may post a drop in first-quarter revenue this week, analysts’ forecasts showed, following Alcoa’s report yesterday.

[Roland99]

43. 10:22am - Triple-digit DOWner. Oil falls to near $106

Dow 12,263 -118 -0.96%
Nasdaq 2,742 -30 -1.07%
S&P 500 1,312 -12 -0.92%
GlobalDow 2,184 -25 -1.14%
Gold 1,450 -18 -1.25%
Oil 106.25 -3.67 -3.34%

[xchrom]

44. there it is for today -- we will get slammed tomorrow or the day after.

i just can't fathom this recovery being that strong.

[xchrom]

46. Hearst forms partnership with TV producer Mark Burnett

http://www.latimes.com/business/fi-ct-hearst-burnett-20110412,0,5901713.story

Hearst Corp. said "You're hired" to mega-television producer Mark Burnett.

Hearst and the producer of such popular reality shows as "The Apprentice" and "Survivor" on Monday announced a 50/50 joint venture that will charge Burnett with the task of creating television shows for the media giant. Hearst owns more than two dozen TV stations along with stakes in cable TV networks Lifetime, A&E, History Channel and ESPN as well as newspapers and magazines.

"We were not looking to be in the television production business," Scott Sassa, president of Hearst Entertainment & Syndication, said in an interview. "But no one is sure how technology will play out or what devices will ultimately win. The one thing that is certain is good content will continue to be critically important no matter what's the screen."

Burnett's existing television productions — with the exception of his two biggest hits, "Survivor" and "The Apprentice" — will be folded into the unnamed venture, including his latest high-stakes bet, "The Voice," a competitive singing talent show that debuts on NBC later this month. Financial terms were not disclosed.

[xchrom]

47. Inflation pressure from higher commodity prices won't last, Fed's Yellen says

http://latimesblogs.latimes.com/money_co/

The jump in oil and other commodity prices so far isn’t enough to make the Federal Reserve want to tighten credit, the central bank’s vice chairwoman said Monday.

In a speech in New York, Janet Yellen hewed to Chairman Ben S. Bernanke’s line that inflation pressures from higher commodity prices will be “transitory.”

“These developments seem unlikely to have persistent effects on consumer inflation or to derail the economic recovery and hence do not, in my view, warrant any substantial shift in the stance of monetary policy,” Yellen said.

Yellen Inflation concerns have mounted as crude oil has surged 20% year to date and other raw materials costs also have risen sharply. Last week the European Central Bank raised its key short-term interest rate from 1% to 1.25% -- the first increase since mid-2008 -- citing inflation worries.



ok -- that's what she says -- here's what i hear:
'who could possibly have foreseen...'

[Roland99]

48. won't last? uh...gas is only going to keep going up, up and away

[xchrom]

49. oh i think they're all talkin out of their collectives asses. nt

[TalkingDog]

50. It feels soft, like the tears of hungry children.

Love the cartoon.

[Hotler]

52. You get points for that sentence.

That's funny and sad at the same time. Really rounds out the toon.

[Pale Blue Dot]

53. Agreed.

I laughed, then cried.

[Demeter]

55. Seems I wasn't the only crankypants on the planet, today

Looks like Reality landed a facer on the DOW and everything else.

[Fuddnik]

56. You didn't even want to be around me today.

I spent a good time last night, and all day today fighting and arguing with Wells Fargo over a forced place flood insurance policy, and why my mortgage payment, although early the entire payment went for interest.

Wachovia was actually a pleasure to do business with until they were bought by WF. So after fighting with these pirates all day, I sat down and googled "class action lawsuits against Wells Fargo".

Lookie what I found. I'm waiting for the lawyer to return my call.
--------------------------------------------------------------------------

Nichols Kaster Files Nationwide Class Action Against Wells Fargo for Allegedly Requiring Excessive Flood Insurance and Taking Kickbacks for Force-Placed Insurance
The lawsuit alleges that Wells Fargo purchased excessive flood insurance for Morris, accepted a commission for purchasing this unnecessary insurance, and then charged Morris for the favor.


Pittsburgh, PA (PRWEB) April 11, 2011

On April 7, 2011, Plaintiff Desiree Morris filed a class action lawsuit against Wells Fargo Bank, N.A. and Wells Fargo Home Mortgage, Inc., in U.S. District Court in the Western District of Pennsylvania. The lawsuit alleges that Wells Fargo purchased excessive flood insurance for Morris, accepted a commission for purchasing this unnecessary insurance, and then charged Morris for the favor. “Not only did Wells Fargo illegally buy the insurance, it took a commission for doing so,” said Plaintiff’s attorney Kai Richter.

According to the Complaint, Wells Fargo unlawfully required Morris to carry flood insurance in an amount nearly $100,000 greater than her loan balance, contrary to the terms of her mortgage agreement and federal law (which only requires borrowers to obtain flood insurance in an amount sufficient to cover their principal balance, where they live in a designated flood zone). Although Morris already carried flood insurance sufficient to cover her principal balance, the lawsuit alleges that Wells Fargo purchased a second policy for Morris’ property out of her escrow account, without her consent, at her expense. The lawsuit further alleges that Wells Fargo admittedly purchased this “force-placed” coverage through an affiliate insurance agency (Wells Fargo Insurance, Inc.), and reaped kickbacks, commissions, or other compensation for Wells Fargo and its affiliate insurance agency in the process.

In her class action Complaint, Morris seeks relief on behalf of herself and other borrowers across the country who have been similarly affected by Wells Fargo’s alleged conduct. Based on this alleged conduct, Plaintiff’s Complaint asserts that Wells Fargo violated the Truth and Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), and Pennsylvania Unfair Trade Practices and Consumer Protection Law (PAUTP-CPL). In addition, the Complaint alleges that Wells Fargo breached its contracts with borrowers and breached its fiduciary duties to borrowers in connection with the handling of escrow funds.

“In today’s economic environment, many homeowners are struggling to make their mortgage payments, and it is wrong for Wells Fargo to add to their burden by demanding excessive amounts of flood insurance that exceed Wells Fargo’s interest in their property, exceed federal requirements, and exceed the amount of insurance that borrowers agreed to carry when they originated their loans,” said Richter. “It is particularly egregious that Wells Fargo is accepting commissions or other compensation in connection with force-placed coverage,” continued Richter.

The case is entitled Morris v. Wells Fargo Bank, N.A., et al., No. 2:11-cv-00474-DSC (W.D.Pa.). Plaintiff is represented by Kai Richter, Paul Lukas, Michelle Drake, Rebekah Bailey, and Charles Frohman from Nichols Kaster, PLLP. Nichols Kaster has offices in Minneapolis, Minnesota and San Francisco, California, and is currently pursuing similar cases against JPMorgan Chase Bank, N.A. and Bank of America, N.A. Additional information is located at http://www.nka.com or may be obtained by calling Nichols Kaster, PLLP toll free at [phone].

###

------------------------------------------------------

OK, he just called me back. I'm faxing everything to them this evening.

[Demeter]

57. It wasn't you, Doc, it was me

I've had some heavy weather and my soul is water-logged.

Good job on the google!

Of course Wachovia was mellow--they were full of laundered drug money!

Tonight would be a good night to watch lots of violence--thrillers with explosions, car crashes, executions at point blank range, etc.

I can't wait to see tomorrow--I'll be distracted with cleaning my own house, and having the bath tub regrouted. Whoopee.

(Who is the wise guy who said "About time"? Come say that to my face. Better yet, grab a bucket or a crowbar.)

[Fuddnik]

59. We have "The Hurt Locker" from Netflix.

Should be lots of explosions. But, I can't work on the vodka until I get all this material faxed to the attorney.

Hang in there. Spring is about to sproing. We're cleaning house too. Having a pool and deck opening get-together on Sat. Nothing worse than a gaggle of disgruntled, drunken former activists.

[Demeter]

60. Yes, there Is

One autistic child. Your drunks will go home. The Kid IS home.

[DemReadingDU]

68. WooHoo!

Good luck!

[StarburstClock]

63. Goldman said they're selling oil and advised its "clients" likewise

Like I said the other day, when the biggies decide to take profits "investors" get a big bite of the shit sandwich.

[Roland99]

58. This thread needs some uplifting. How about some cuteness??

My granddaughter turns 6 months on Friday:


http://www.havnfn.com.nyud.net:8090/images/People/BabyKaylin1.jpg

http://www.havnfn.com.nyud.net:8090/images/People/BabyKaylin5.jpg

http://www.havnfn.com.nyud.net:8090/images/People/BabyKaylin9.jpg

[Fuddnik]

61. My wife is smiling ear to ear looking at those.

Happy half-birthday!

[Demeter]

62. OMG! Now there's Persephone in All Her Glory!

Spring has arrived!

[Roland99]

66. Thanks (and thanks, Fudd)

2 months and I'm back up to see her again!

[DemReadingDU]

67. She's a cutie!

[DoBotherMe]

69. K&R