Circling Eloh: A Meditation
First the war, thousands of miles to the east. No. First other, older wars with forgotten names, unhousing and unhoming the Apache Nation. The Arapaho Nation. The Cheyenne Nation. The Pueblo. The Shoshone. The Comanche. The Kiowa. The Navajo. There is a river run red, there is a lake, there is a world on fire who can never be regained. How can we reclaim when name and place are lost? When even ponderosa and lodgepole are uprooted for maple and elm?
There is water. There are a hundred years. There is not enough water. There are fifty years. There is the town of Stout, and then there is not. First the young couples leave for Fort Collins, over the hill, or for Wyoming, forty miles north. Then the families. Then the Bureau of Reclamation comes with letters and phone calls and men in uniforms and there is no choice left but to move. Some bring their homes, some fall into sheds provided five miles to the south.
data consumer price index flat, proof price inflation not a problem for now. very interesting number when it comes to inflation. we ll have details from steve in 30 seconds. plus, weekly jobless claims falling slightly last week for the third straight week, but we re still not at a point where we ll see job gains. and fedex came in better than expected. it hasn t really helped the stock so far, but you know, interesting, mark, they came out and said they re going to put some of those employee benefit programs that had been cut during the crisis, they re going to start putting them back, which big picture for the economy may be a positive that would outweigh any hit to profits that might mean for fedex. one would hope so. futures right now are blah. i mean, really blah. right at fair value, no real impetus coming from the futures on the markets at all. all right, let s get to bob pisani, start with our market reporters. bob? and stocks are very overbought, but ther