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presentation compared to what it did say 24 to 36 hours ago. center of circulation well to the south and west of the southern portions of florida but we re still feeling the impacts. you see some of the clouds streaming all the way up into the central portions of the state. rain bands rotating on in. we have the potential for tornadoes that may be spawned and that s why there s a tornado watch that s in place stretching just south of orlando to the keys through the early portion of our morning. we ll keep an eye on that very close lui. where is isaac going to be heading? the projected path has shifted just a little bit further to the west since the last advisory. you can see what s taking plus in terms of the wind strength moving up gradually through the middle part of the week. late tuesday into early wednesday approaching portions of the gulf coast, portions of louisiana and mississippi implicated in that. tracking its way inland. watching the threat for big time floo ....
that it s difficult to imagine how anything positive could happen in the near term despite the rally today with 92 points for the dow. nasdaq advanced .74%. s&p up.9%. i m not going to pretend there are short term positives in europe. china is a quandary. we are now hearing not only that it could get worse, but that it might never have been any good to begin with. chinese have been fudging the numbers endlessly. then there s the united states. raising taxes while cutting spending and benefits. doesn t that smack to what sent us back to the depression in 1937? our bountiful tax breaks are definitely at risk. ordinary income rates higher. employment benefits disappearing. given how our politicians behave during the debt ceiling fight last summer you have to believe they will sacrifice our nation and partisanship with the looming fiscal cliff. good cliche master. all these negatives make sense. they make us want to sell everything. they make us want to go home and they wan ....
during the meeting, called by the fed governor to talk about the stress test, the fed says the bank expressed the concern about the pending regulations. they expressed these views to the fed even though they were not allowed to reply to the bankers because some of the rules are still being written. they expressed concerns about how the fed is determining what a bank single counterparty credit limit will be. they expressed concerns about volcker and the market. they expressed concerns about how some areas of dodd-frank will impact their international operation. that s a summary from the meeting. afterwards we spoke with jpmorgan and ceo of morgan stanley, both of whom said the meeting was productive. back to you, guys. a lot of groundwork to be laid there on dodd-frank as they get ready to implement the financial regulations and jamie dimon has referred to it as dodd-frankenstein. after starting the market lower on the major concerns, they are clawing their way back ....
you re lucky you re not eating one meal a day down on some cuban prison. did you talk to anyone that talked to the pope is in jail? anyone who said i d like to talk to the pope is in jail. you had no problem getting back. i swam. that s why it took all week. i think that s kind of cool to make a 56 chevy sea worthy. they ve done that multiple times. it is is a. a sad thing that people are that desperate. but you saw down there, it s a bunch of old clunkers driving on the the roads. what s amazing is that the u.s. cars in the 50s are in better shape than the soviets. i hope you re listening. i ve seen this, i know. the slide to socialism that you are constantly sort of promoting, this is what do you know what my favorite sound bite was when i was there? the treasury secretary says we will never allow the farmers to buy and sell their land because the most productive farmers would then be able to sell buy all the land from the less productive fa ....
stra demonstrations were far smaller. they would have liked the parliament to vote against the measures because that vote would have brought on anarchy. the vote the parliament took was for more stability. it will be bad. this was the least of the worst options. it will be bad for how long? in terms of what we re seeing. in terms of the violence? that is hard to know. in terms of a very tough economy, years. a number of interesting articles by a number of economists suggesting that the austerity plan may work to the extent that it matches these numbers early on but the growth story. it has to come from the greeks themselves. they have to make the choices they are going to liberalized the closed professions. it s a way to say they re going to get rid of the barriers to entry. if you want to start any kind of business in greece, it s nearly impossible, which means if you can t start the business, you don t hire. and the greeks themselves have to change that horren ....