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Sep
18th

Thu

NYC: Palin Disinvited from Anti-Iran Rally

Hillary Clinton abruptly pulled out of the event Tuesday night after learning that Palin had been added to a list of attendees. Organizers withdrew invitation to Alaska Gov. Sarah Palin, indicating that a political dustup over her participation in the Monday event was distracting from the key goal: protesting the appearance of Iranian leader Mahmoud Ahmedinejad at the United Nations. John McCain blamed “Democratic partisans” for pressuring the organizers to disinvite Palin and criticized his Democratic rival, Sen. Barack Obama, for failing to participate in the event.The Obama campaign slammed what they said was their rival’s attempt to politicize the event. “This is another dishonorable lie from John McCain. The Obama campaign had planned to send a surrogate to the rally,”

Thousands of people are ordering Sarah Palin’s signature clear-rimmed spectacles from Japan in the latest sign that “Palinmania” is gripping the globe.
The Telegraph reports…

Financial Terrorism?

The damage being done to stocks through short selling, where Wall Street’s most legendary institutions are losing value at alarming rates, could be the work of financial terrorism according to Jim Cramer, host of Mad Money.
Cramer’s been talking to the short sellers he knows, and that’s the theory they’ve been putting forward. His sources said that it’s doubtful that the market’s traditional short sellers are behind the negative action we’ve seen lately. So there is the possibility that someone else has been trying to wreak havoc in the markets rather than just profit from the problems of Goldman Sachs and others.
Cramer, who was merely relaying what he heard, did say that, given the fact that the U.S. is in a “financial nationally emergency,” the “financial terrorism thing, to me, has to be put on the table just because the regular short sellers are not doing this.”

SEC Tightens Rules on Short Sales

3G iPhone Ad vs Real World: a side by side performance comparison running through an identical set of actions. The results tell the story.

Kraft Foods Inc. (KFT) to replace troubled insurance giant American International Group Inc (AIG) on the Dow Jones Industrial Average ($INDU) effective Monday.

UK Regulators to ban short-selling of financial stocks

Short-selling of financial stocks is to be banned in the United Kingdom from midnight on Thursday night under rules drawn up by the Financial Services Authority. In addition, the FSA is also tightening up its disclosure rules, forcing investors to disclose all net short positions in excess of 0.25 per cent of a company’s share capital.

While we still regard short-selling as a legitimate investment technique in normal market conditions, the current extreme circumstances have given rise to disorderly markets. As a result, we have taken this decisive action, after careful consideration, to protect the fundamental integrity and quality of markets and to guard against further instability in the financial sector

— Hector Sants, chief executive of the FSA

Lehman Brothers now a Pinkie: (Pink Sheets: LEHMQ)

Lehman Brothers ceased trading on the New York Stock Exchange, new residence on the pink sheets under the ticker LEHMQ.PK.