Fargo Forum: Your Alternative to the Mighty Fargo Forum

2009-04-14T22:31:00.000-07:00

PRINCETON, NJ -- President Barack Obama's overall job approval rating has been highly stable since mid-February, averaging 62% since Feb. 16, as well as in the most recent week, from March 30 through April 5.

A recent local topic of discussion is the consideration of the North Dakota Legislature somehow requiring the football teams of NDSU and UND to play.

2009-01-23T07:26:00.000-08:00

OK, so you don't care if the schools are any good or not. Fine.
Read More at The FargoPhantom.com

Fargo Forum Alternative: Jewish State Bombs Gaza.

2008-12-29T00:12:00.000-08:00

Israel expanded its most lethal air offensive to date (some 300 air strikes since midday Saturday) against Gaza's Hamas leaders yesterday. The successful attacks dolled out more damage than ever before, making rubble out of parts of the city. They are amassing what appears to be a large ground force attack as well
Read More Fargo Phantom

An African American President. Part 4

2008-12-22T22:38:00.000-08:00

I am of course fond of ribbing graduates of the University of North Carolina in Chapel Hill about many things. During the period I was at NC State, one or more African Americans attempted to enroll at the University of North Carolina. Read more here at the fargophantom.com

Fargo Forum Alternative:The Homeless in Fargo North Dakota Grow

2008-12-18T18:25:00.000-08:00

“We were really busy leading up to the storm,” Thompson United for the Homeless Director said. “Some days we can get all of them in, some days we can’t.”

Area shelters have similar ways of dealing with homeless who have to be turned away.

The New Life Center can house about 100 men and serves 180 or more meals each day.

Fargo Phantom

Fargo Forum Alternative: Chrysler says to shut down all production for month.

2008-12-18T02:23:00.000-08:00

Chrysler says to shut down all production for month. Citing a credit crisis and dwindling sales, Chrysler LLC on Wednesday said it would shut down all of its manufacturing operations from the end of this week for at least a month. More Here

Fargo Forum Alternative: Toyota Republicans Kill the Manufacturing

2008-12-18T01:08:00.000-08:00

Republican opposition killed a $14-billion auto industry bailout plan in the Senate on Thursday night, putting the future of U.S. automakers in doubt and threatening to deliver another blow to the economy. Continue reading »

Fargo Forum Alternative: Top Ten Pinheads 2008

2008-12-17T22:21:00.001-08:00

Fargo Forum Alternative: Fargo, North Dakota Snow Storm 2008

2008-12-14T23:04:00.000-08:00

Friends of the Phantom Patrolling Fargo Streets during Blizzard of 2008

Fargo Forum Alternative: Obamas can't move into Blair House early

2008-12-13T18:25:00.000-08:00

CHICAGO – President-elect Barack Obama asked the White House if his family could move to Washington earlier than normal, but aides say the White House couldn't give them the official guest house as early as his family wanted.
Read More Here

2008-12-08T13:44:00.000-08:00

2008-12-08T13:01:00.000-08:00

2008-12-08T00:52:00.000-08:00

2008-12-08T00:43:00.000-08:00

2008-12-07T21:07:00.000-08:00

In the last installment, we discussed life in the segregated rural south in the mid 1050.s Now, I don't want to leave the impression that I totally did not like the south or its people. In general, it's a relaxed area of the country in which to live and the people an inherent gentility that we midwesterners can't imagine. But on the issue of race they were at that time in my opinion totally misguided. And they didn't particularly care for goddamnyankees.

Read More At The FargoPhantom.com

2008-12-07T00:27:00.000-08:00

2008-11-20T16:09:00.000-08:00

2008-11-20T15:23:00.000-08:00

2008-09-09T22:32:00.000-07:00

2008-09-07T22:21:00.000-07:00

Former North Dakotan Heads Massive Internet Event At Republican National Convention

2008-09-03T16:50:00.000-07:00

Fargo Forum: Your Alternative to the ...Why Let Hollywood Choose The Next President.

2008-09-03T15:58:00.001-07:00

The Real World

Survivor

American Idol

Temptation Island

Who Wants to Marry A Millionaire?

Since the early part of this decade, America has enjoyed their reality tv. Read More Here

Fargo Forum: Your Alternative to the ...Zip It liberals Its our Turn.

2008-09-03T15:14:00.001-07:00

The left has spent the last three day trying to kill the Palin candidacy in the crib. Their allies in the media realize that if she is allowed to define herself, they are looking at the most formidable Republican politician since Ronald Reagan. That is why they are cowardly attacking a 17 year old girl or claiming that a mother is unfit for the job of Vice President....Read More

2008-09-03T14:40:00.000-07:00

2008-08-29T12:23:00.000-07:00

Mccains Response

2008-08-28T20:55:00.000-07:00

"Tonight, Americans witnessed a misleading speech that was so fundamentally at odds with the meager record of Barack Obama. When the temple comes down, the fireworks end, and the words are over, the facts remain: Senator Obama still has no record of bipartisanship, still opposes offshore drilling, still voted to raise taxes on those making just $42,000 per year, and still voted against funds for American troops in harm's way. The fact remains: Barack Obama is still not ready to be president"

Democratic Convention: Barack Obama The Mile High Messiah in Denver.

2008-08-28T19:26:00.000-07:00

The Mile High Stadium was packed with Democratic Frenzy. The dawning of a new day in Denver, Colorado according to Sen. Dick Durbin, Introducing now Democratic Presidential candidate Barack Obama. Barracks acceptance speech... with profound Humility and great gratitude I accept your nomination.

2008-08-28T12:29:00.001-07:00

2008-08-28T12:13:00.000-07:00

2008 Democratic Convention:Joe Biden Fires Up the Base and Threatens Russia, Pakistan, Afghanistan.

2008-08-27T20:00:00.001-07:00

Newly-nominated Democratic vice presidential candidate Joe Biden on Wednesday counted on his long resume of foreign policy experience to slam the Bush administration and link Republican presidential candidate John McCain to an entrenched Iraq war policy.

Read More Here

Fargo Forum: Your Alternative to the ...Thats Not Change

2008-08-27T19:47:00.001-07:00

Bill Clinton Still Has Swagger… greeted by an extended round of applause as he walked on stage to deliver his speech that lasted nearly three minutes. Watch as Clinton tries to calm down the enthusiastic crowd.

Read More here

Fargo Forum: Your Alternative to the ...NDSU Enrollment Ballons

2008-08-27T11:50:00.000-07:00

North Dakota State University could hit 13,000 students for the first time this fall.

The university reported 12,871 students on the first full day of classes Tuesday. That’s 654 more students from this time last year, or a 5 percent increase.

Read More Here

Fargo Forum: Your Alternative to the ...Hillary Rodham Clinton summoned the millions.

2008-08-27T11:24:00.000-07:00

DENVER — Hillary Rodham Clinton summoned the millions of voters who supported her in the primaries to send Barack Obama to the White House Tuesday night, and drew thunderous applause at the Democratic National Convention when she declared her one-time rival is "my candidate and he must be our president."
Read More Here

Fargo Forum: Your Alternative to the ...Attempted Assassination On Obama

2008-08-26T13:14:00.000-07:00

More details about the suspected plot to assassinate Obama come trickling in as the police arrest a fourth person in connection with the possible plan. The LA Times has the story.
More Details Here

Fargo Forum: Your Alternative to the ...Obama Says "Lets Drill" Does about face on Offshore Drilling

2008-08-01T20:02:00.000-07:00

Fargo Forum: Your Alternative to the ...

2008-07-25T23:20:00.001-07:00

2008-07-03T22:24:00.000-07:00

Democrats Unite in Fargo.

Fargo,ND. Presumptive Democratic presidential nominee Barack Obama, speaking before veterans, their family members and others in Fargo this afternoon, said the country must do better by those who serve in the military.

Speaking for about 20 minutes at the Children's Museum at Yunker Farm under a bright sky and with his dress shirt sleeves rolled up, Obama noted that the Fourth of July is not only about barbecues, parades and fireworks, but the United States should be sending its young men and women "to war [only] when we must and giving them the equipment they need."

He also contended the medical and financial help for veterans when they return home needs to improve. "It doesn't have to be this way," he said.

Whether going to war is the right decision or not, Obama added, "Caring for our veterans is something that we can still get right."

He pledged, if elected, to reduce the red tape that veterans face when seeking medical treatment or help with education and housing benefits.

He said he wants to expand funding to help veterans buy homes, and medical treatment for mental health care and brain injuries needs "to dramatically improve."

As for financial aid for education, Obama said, the government needs to look to how the GI Bill helped World War II veterans and pay the full bill for college.

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Fargo Forum Alternative: Obama claims Democratic nomination

2008-06-03T23:21:00.000-07:00

Clinton refuses to concede; aides, colleagues say she’s considering No. 2

Sen. Barack Obama of Illinois claimed the Democratic presidential nomination Tuesday night, NBC News projected based on its tally of convention delegates.

By doing so, he shattered a barrier more than two centuries old to become the first black candidate ever nominated by a major political party for the nation’s highest office.
“After 54 hard-fought contests, our primary season has finally come to an end,” Obama told cheering supporters in a victory celebration in St. Paul, Minn., at the site of the convention that will nominate his Republican opponent in the fall, Sen. John McCain of Arizona.

“Tonight, I can stand here before you and say that I will be the Democratic nominee for the president of the United States of America.”

Obama, 46, of Illinois, hailed his Democratic rival, Sen. Hillary Rodham Clinton of New York, for having “made history in this campaign, not just because she is a woman who has done what no woman has done before, but because she’s a leader who inspires millions of Americans with her strength, her courage and her commitment to the causes that brought us here tonight.”

“Our party and our country are better off because of her, and I am a better candidate for having had the honor to compete with Hillary Rodham Clinton,” Obama said.

But after splitting the last two primaries of the election campaign with Obama, Clinton refused to give him the unalloyed victory he sought.

In a speech to supporters in New York, Clinton said it had been “an honor to contest these primaries with him” and declared that she was “committed to uniting our party so we move forward stronger and more ready than ever to take back the White House this November.”

But she emphasized that she had won more votes in primaries and caucuses than Obama, and she pointedly said she would “be making no decisions tonight.” Instead, she said she would consult with party leaders in the next few days to determine her next step.

Aides said that was a strategic decision to preserve her leverage to negotiate over policy disagreements and the possibility that she would join Obama’s ticket as the vice presidential nominee.

Superdelegates put Obama over the top
In a speech Tuesday night in New Orleans, meanwhile, McCain welcomed Obama to the general election campaign as a “formidable” opponent, but accused Obama of unfairly trying to tie him to the policies of President Bush. "But the American people didn't get to know me yesterday, as they are just getting to know Senator Obama,” McCain said.

McCain said Obama “hasn't been willing to make the tough calls, to challenge his party ... I have.”

In his speech, Obama fired back that McCain has regularly backed President Bush in the Senate and would offer four more years of failed policies on Iraq and the economy.

“There are many words to describe John McCain's attempt to pass off his embrace of George Bush's polices as bipartisan and new,” Obama said. “But change is not one of them.”

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Fargo Forum Alternatives......Ive Had it with Her

2008-04-30T13:44:00.000-07:00

That's it!

I THINK my breaking point came yesterday morning when I received an email from the Clinton campaign criticising Barack Obama for not releasing his tax returns for 1997, 1998 and 1999. Notes like that should come with a little kitchen-sink icon pinned to them. Included in the missive was the obligatory reference to Tony Rezko—again this should be an automatic attachment. They can even label it "Obama’s Whitewater" if they like. I’d appreciate the irony. This was followed by a virtual flood of emails in which Clinton-supporting politicians (not one of whom I had heard of) expressed eerily similar outrage over Mr Obama’s “bitter” comments. Mrs Clinton herself, of course, has spent the past five days harping on the same subject.

Or perhaps my breaking point came today, when Bill Clinton, the most poll-driven president in history, claimed to have told his wife to forget about "the shifting polls and the daily back-and-forth" and focus on promoting her values.

I’m not exactly sure when it happened, but my will has been broken. I’ve realised that covering Mrs Clinton's campaign without explicitly stating that it has turned into a win-at-all-costs operation fueled by phony outrage, hypocritical proclamations and absurd notions of who is electable and who is not is an exercise in deliberate deception, and I can't do that. Perhaps I am weaker than my colleagues, but a certain fatigue sets in when trying to sort through it all. Mrs Clinton does have substance, and some well-thought-out policy prescriptions, but did you know Barack Obama is an elitist? Never mind that the Clintons largely agree with what Mr Obama said, or meant to say.

Perhaps it is because Mrs Clinton is the underdog that the tone of her campaign is so different from Mr Obama’s. Her efforts to connect with different voting blocs have not worked—one day she’s a sniper-dodging commander-in-chief, the next she’s a gun-shooting woman of the people. Most of the time she simply looks like a caricature of the voters she’s trying to lure. And when it comes down to policy, there are simply not enough big differences between the two candidates to allow her to catch up. So she must make Mr Obama look unelectable. She must go negative. And she has.

That’s fine, but let’s be forthright about it. This is no longer a campaign based on ideas. It is a campaign focused on tearing down Mr Obama. We all know that’s her only shot at the nomination. I’m tired of pretending otherwise.

By The Mean Mr. Mustard

Fargo Forum Alternatives......Ive Had it with Her

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fargo forum alternative.....

2008-04-09T15:40:00.001-07:00

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fargo forum alternative.....Watch Barack Obama in Grand Forks North Dakota. Lets rumble baby

2008-04-05T18:26:00.000-07:00

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Fargo Forum: North Dakota Shows Continued Growth in Average Compensation Per Job.

2008-02-24T20:01:00.000-08:00

Fargo, ND - The average compensation per job in North Dakota rose to $39,077 in 2006, an increase of 4.3 percent per year, on average, since 1998. This average annual growth was the 10th largest in the nation behind eight states and the District of Columbia. During the same time frame, inflation grew an average of 2.7 percent per year.

“These data are exciting news for North Dakota because they tell us two things,” says Richard Rathge, North Dakota State Data Center director at North Dakota State University. “First, our buying power, on average, is increasing since our compensation is greatly outpacing inflation. Second, we are making important strides in reducing the income disparity between North Dakota and the U.S.”

Employee compensation consists of wage and salary disbursements, employer contributions to employee pension and insurance funds, and employer contributions for government social insurance.

On average, employer contributions (supplements to wages and salaries) in North Dakota grew faster than actual wages and salaries from 1998 through 2006. Supplements in the state grew an average of 6.8 percent annually since 1998, while wages and salaries grew an average of 5.3 percent.

This month’s “Population Bulletin,” a monthly publication from the North Dakota State Data Center at NDSU, focuses on average compensation per job data released from the U.S. Bureau of Economic Analysis (BEA) at www.bea.gov. The BEA provides compensation data for the nation, states and counties, plus metropolitan and micropolitan areas.

Nationally, compensation per job increased an average of 4.1 percent per year from 1998 through 2006, reaching $51,861 in 2006. In North Dakota, the average compensation per job for all 53 counties grew at least 3 percent per year, on average, since 1998. Six counties, all in the western part of the state (Williams, Billings, Burke, Slope, Divide and Bowman), grew an average of at least 6 percent annually.

While compensation in North Dakota is experiencing consistent and positive growth, the average compensation of $39,077 earned in North Dakota still lags behind most states and was 24.7 percent below the national average of $51,861 in 2006. Three other states had lower averages than North Dakota. The three states are Mississippi ($38,787), Montana ($38,661) and South Dakota ($37,339). The District of Columbia had the highest average compensation per job in 2006 ($88,044), followed by New York ($66,262) and Connecticut ($65,638).

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Fargo Forum: Your Alternative to the ...

2008-01-08T13:54:00.001-08:00

by the Fargo Phantom
Future Prediction - Nationalism

Building on a discussion with my colleagues at work following my own post on 2008 buzzwords, I have decided to commit the cardinal sin of making a prediction! A long term prediction (over the next several years) nonetheless.

I believe that, all things being vaguely equal with the political direction internationally and particularly with the growing importance of environmental economics, we are going to see a resurgence of nationalism in economic policy.

Globalisation is going to peak in the next couple of years (if it already hasn't), there is considerable underlying anger by many people internationally all over the world against institutions like the World Bank, International Monetary Fund and parts of the United Nations. The nationalist far right is exceptionally powerful internationally, and coupled with increasing levels of moderate voter apathy coupled with a slowly rebuilding international left-wing, we're going to see politicians increasingly trying to use nationalist and patriotic discourse and policies to win votes.

This is a good thing economically. It's going to create greater emphasis around localisation of production, will bring back healthy protectionism and is going to force countries like China, Vietnam and India to engage in higher quality mass production (but individualised mass production).
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Fargo Forum Alternative: How Will History Remember GW Bush?

2008-01-03T22:54:00.000-08:00

A uniter not a divider, I am the decision-maker, a compassionate conservative, mission accomplished, bring it on, stay the course, axis of evil, etc... are all terms that will forever be etched in the minds of Americans concerning George W. Bush #43. Like him or not, this President has drawn the ire of liberals and the contempt of conservatives.

But what should this president be remembered for?

* No terrorist attacks on our soil after 9/11- credit President Bush
* Inherited a recession and employed two major tax cuts to revive economic growth - credit President Bush
* Held firm to sanctity of life issues with embryonic stem cell research - credit President Bush
* Sent 21,000 more troops into Iraq staying the course in the bleakest of moments - credit President Bush
* Appointed Alito & Roberts to the Supreme Court - credit President Bush
* 4 1/2% unemployment, record wealth creation, main street prosperity, & wall street prosperity - credit President Bush
* Peace initiatives between Palestinians and Israelis - credit President Bush

It is clear that President Bush has drawn an inside straight since November 2006, after losing the House and Senate rather embarassingly. The above achievements will go down as credible victories for a president besieged by liberals and even conservatives who left his side against the fight on the war on terror.

Pundits can rip the president apart today. But history will have the last say about President Bush. I do believe that history will receive this man more kindly than contemporaries receive him today.
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Fargo Forum Alternative: Global Cooling?

2008-01-03T22:49:00.000-08:00

Global Warming Jihad

"Popular opinion is the greatest lie in the world," declared Thomas Carlyle.

Enter Al Gore. A privliged Senator's son, a former Vice President, a Global Warming Jihadist, and of course - a Nobel Peace Prize winning statesman right next to Yasser Arafat, who now more than ever -

Mr. Gore has a popular opinion.

This superstar global doomsayer has put on his green cape traveling the world preaching global jihad against industrialism. It is possible that no man today will effect such a profound change in politics, religion, and economics since Einstein's Manhattan Project or Darwin's Theory of Evolution, or Guttenberg's printing press. And thats after losing his presidential bid!

Yet, it is rather difficult to buy the whole enchilada that the sky is falling, the earth is crumbling, and mankind is nearly beyond a point of no return unless he acts now to save himself. Isn't this Al Gore's message to America? And to the world?

An excerpt of an interview with Grist Magazine in May 2006, this caped green crusader provides an answer:

"In the United States of America, unfortunately we still live in a bubble of unreality. And the Category 5 denial is an enormous obstacle to any discussion of solutions. Nobody is interested in solutions if they don’t think there’s a problem. Given that starting point, I believe it is appropriate to have an over-representation of factual presentations on how dangerous it is, as a predicate for opening up the audience to listen to what the solutions are, and how hopeful it is that we are going to solve this crisis."

An over-representation of the facts? This is what we get from Al, the environmentalist? That maybe we aren't in a heap of trouble yet- but why wait to get there when we can yell fire in a crowded theater where the Americans are watching their movie? So apparently lying to the American people; not telling them the version of the story that is most accurate is justifiable for personal political gain???

A man's words is the test of his character. Note how often this global crusader of Green Jihad has exaggerated or outright lied through his career, according to The Free Republic:

shows an amusing 16 lies or exaggerations are tied to this green caped crusader of global warming.

What's the point of dredging up a closet full of old bones?

Because the famous Green Caped Crusader is famous for not leveling with public!

Gore may have written "An Inconvenient Truth". But the real "inconvenient truth" occurs when Gore's test of character is quesitoned concerning his honesty. Superman's weakness was cryptonite. Gore, the green caped craseder's cryptonite is his imaginative fabrications that have come so naturally over the years.

Whether it was Love Canal, creating the internet, or the Buddhist fundraising scandal, trusting Gore is like trusting "Slick Willie" to honor Hillary all the days of his life. Does anyone believe that Gore can honor the truth to a greater degree than his former boss can honor Hillary?

Strange as it may sound, when Gore was just Vice President we were OK. But now as the international coronated king of Jihad against Carbon Emissions, the world has panicked. The effect may well be felt in our wallets with significantly higher taxes.

Single-handedly Al Gore has propelled the world of nations to act upon the desperate global warming issue whether or not the facts support action. A world hero, Gore, has taken the mantle to mock and taunt the Bush administration's perceived failture to act to save the world from mankind. The Green Goracle™, never one to miss a chance to blame the United States in general and George Bush in particular for just about anything, told the delegates that the U.S. was “principally responsible for obstructing progress here in Bali.”
So what are we to do with a former Vice President who has a Messianic Complex to save Americans and the world from global warming? What can we do? Let the foolish dribble their opinions; let the facts illuminate the truth. In thirty years Gore may have found a new cause: global cooling???

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Fargo Forum Alternative: China Poisoning US Food Supply

2007-12-27T11:32:00.000-08:00

Fargo ND, China Poisoning US Food Supply.
America's Food and Drug Administration (FDA) is investigating if ingredients imported from China and used in recalled pet food were spiked intentionally with an industrial chemical to boost their apparent protein content.
If so, is this a case of greed--or bio-terrorism? The FDA won't comment. Officials concede, however, that contaminated foods from China are becoming a growing problem as the Communist Party-ruled country plays a greater part in the global food chain, thanks to globalization. In China, chemical use is high and regulations are lax, or routinely violated (corruption is rampant). The FDA has the authority to inspect imports for contaminants that are in violation of US law; but the agency only has the resources to physically check a small fraction of them.

To make matters worse, China's retail sales arm--the brutal, Main Street-busting behemoth known as Wal-Mart--plans to grow so-called organic food in China. Organic food ... from a country plagued by toxic industrial pollution that taints the water and soil in which the crops are grown. Wonderful.

Back to the FDA. The agency's food sleuths are still awaiting visas that would allow them to visit the Chinese factories where the vegetable protein ingredients were produced. While they're waiting, they could check out the video below to get a feel for what ordinary Americans think about China's newest threat to US national security.

Shelly Rogers
Davenport ND

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Alternative to the Fargo Forum: Better Get Use to it... Its official the Arabs will literally own us.

2007-12-10T22:40:00.001-08:00

Citigroup Borrows $7.5 Billion 11% interest yikes!

Oh My God, more like it!

Citigroup Inc., the biggest U.S. bank by assets, will receive a $7.5 billion cash infusion from Abu Dhabi to replenish capital after record mortgage losses wiped out almost half its market value.

Citigroup rose 2.6 percent in New York trading today following acting Chief Executive Officer Win Bischoff's statement late yesterday that funds from the state-owned Abu Dhabi Investment Authority will help ``strengthen our capital base.''

Abu Dhabi will buy securities that convert to stock and yield 11 percent a year, almost double the interest Citigroup offers bond investors, underscoring the New York-based company's need for cash. Fourth-quarter profit will be reduced by as much as $7 billion because of losses from subprime mortgages, which led to the departure of CEO Charles O. ``Chuck'' Prince III and a 46 percent slump in its stock this year.

``Clearly, Citi has a problem with capital adequacy after the subprime crisis,'' said Giyas Gokkent, head of research at National Bank of Abu Dhabi PJSC, Abu Dhabi's biggest bank by market value. ``ADIA has seen an opportunity to get cheaply into a blue-chip stock.''

With the purchase of a 4.9 percent stake, Abu Dhabi, the largest emirate in the United Arab Emirates and its capital, would rank as Citigroup's largest shareholder ahead of Los Angeles-based Capital Group Cos. and Saudi billionaire Prince Alwaleed bin Talal, data compiled by Bloomberg show.

Depleted Capital

The investment follows purchases by U.A.E. fund Dubai International Capital LLC in companies including London-based HSBC Holdings Plc, Europe's biggest bank by market value, and New York-based hedge fund Och-Ziff Capital Management LLC. In Abu Dhabi, state-backed Mubadala Development Co. agreed to buy 7.5 percent of Washington-based buyout firm Carlyle Group. ADIA also owns a stake in Leon Black's New York-based buyout firm, Apollo Management LP.

Citigroup Chairman Robert Rubin, who stepped in after Prince resigned, and Chief Financial Officer Gary Crittenden said on a conference call earlier this month that the bank expects to restore capital to targeted levels by the end of the second quarter without having to cut its $2.7 billion-a-quarter dividend.

Mortgage writedowns cut Citigroup's ``tier 1'' ratio, a metric used to assess banks' ability to weather loan losses, to 7.3 percent on Sept. 30. The figure, while above U.S. regulators' 6 percent threshold for a ``well-capitalized'' bank, was below the bank's 7.5 percent target.

`Bullish' View

The Citigroup equity units that ADIA will purchase can be swapped for as many as 235.6 million shares starting in 2010. The securities will convert into Citigroup shares at prices ranging from $31.83 to $37.24 between March 15, 2010, and Sept. 15, 2011.

Today Citigroup's stock rose 78 cents to $30.54 as of 10:03 a.m. in New York Stock Exchange composite trading. Yesterday, they closed at $29.76, the lowest price in five years.

``The structure of the deal suggests that Abu Dhabi is very bullish, effectively participating in the upside beyond $37.24, and sharing in the downside below $31.83,'' said George Nikas, who helps manage $1 billion at Deutsche Bank AG in Sydney.

Abu Dhabi will have ``no role in the management or governance of Citi, including no right to designate a member'' of the company's board, Citigroup said in its statement.

``This investment reflects our confidence in Citi's potential to build shareholder value,'' ADIA Managing Director Sheikh Ahmed bin Zayed al-Nahyan said in the Citigroup statement.

Cost of Capital

Mounting subprime losses have increased Citigroup's funding costs. The bank sold $4 billion of 10-year bonds on Nov. 14, paying annual interest of 6.125 percent. The securities were priced to yield 190 basis points more than Treasuries, up from 118 basis points, or 1.18 percentage points, in a similar sale three months earlier.

CIBC World Markets analyst Meredith Whitney said in a note to clients today that she still expects Citigroup to cut its dividend as mortgage losses increase.

Abu Dhabi officials met with Rubin in the emirate yesterday to discuss ``world stock markets and their impact on the performance of banks,'' the state-run WAM news agency reported on its Web site.

Abu Dhabi owns the world's fifth-biggest oil reserves. It channels oil surpluses to ADIA, which ranks as the world's biggest sovereign wealth fund with assets of $875 billion, according to July estimates by the London-based Economist Intelligence Unit. The authority will spend $40 billion this year to buy foreign assets, estimates Gokkent at the National Bank of Abu Dhabi.

Buying Assets

Gulf investors have spent about $70 billion on overseas acquisitions this year, almost double their spending in 2006, as oil prices soared 58 percent, data compiled by Bloomberg show. With oil above $90 a barrel, Gulf producers including Saudi Arabia and the U.A.E. earn more than $1.3 billion a day from their energy sales.

State-controlled Saudi Basic Industries Corp., the biggest chemicals company by market value, in May agreed to buy General Electric Co.'s plastic unit for $11.6 billion in a record acquisition for the Gulf. State-owned Dubai World in August agreed to invest as much as $5.1 billion in MGM Mirage, the second-largest casino company, to try to tap into the Las Vegas- based company's U.S. gaming and real estate earnings.

Gulf petrodollars don't always get the prize. Qatar on Nov. 5 said it abandoned a $21.9 billion bid for U.K. supermarket chain J Sainsbury Plc after its cost of funding jumped ``significantly'' since first making the bid July 18.

China's Purchases

China also has been increasing investments in the U.S. and Europe. Bear Stearns Cos., the fifth-biggest U.S. securities firm, agreed last month to sell a 6 percent stake to China's government-controlled Citic Securities Co. for about $1 billion. China Investment Corp., the nation's $200 billion sovereign wealth fund, paid $3 billion for a stake in New York-based private equity firm Blackstone Group LP in May. Barclays Plc, the U.K.'s third-biggest lender, agreed to sell 6.7 percent of itself to China Development Bank in July.

The state-owned Dubai International Financial Center, which bought 2.2 percent of Deutsche Bank AG in May, on Nov. 19 said it is seeking acquisitions in the U.S., where the falling dollar and a lending crisis are driving down the price of banks and property.

Dubai Center

Citigroup is among tenants at the Dubai center, a business park being used to attract banks, insurers and asset managers to the Persian Gulf. Like neighbors Qatar and Bahrain, Dubai is bidding to plug the trading time gap between Europe and Asia and become the region's pre-eminent financial hub.

Qatar, like Abu Dhabi, is seeking to diversify its economy away from near-total reliance on energy earnings. Unlike Abu Dhabi, the oil wells of Dubai and Bahrain have almost run dry.

ADIA ``will bolster Citigroup's capital and competitiveness,'' U.S. Senator Charles E. Schumer said in a statement. The New York Democrat was among the lawmakers who criticized the Bush administration's decision last year to approve DP World Ltd.'s $6.8 billion acquisition of London-based Peninsular & Oriental Steam Navigation Co., a deal that gave the Dubai state-owned port company control of six U.S. terminals.

Schumer was among those who said Dubai ownership would jeopardize U.S. national security, arguing that two terrorists involved in the Sept. 11, 2001, attacks were from the U.A.E.

AIG's Purchase

DP World agreed in December to sell the U.S. terminals, in cities including New York, Philadelphia, Baltimore and New Orleans, to American International Group Inc., the world's biggest insurer.

``The issue for DP World was a misunderstanding that it might misuse its control of some U.S. ports, but that is behind us and Dubai in particular has been doing a lot of deals in the U.S. since then,'' said Mohammed Ghubash, professor of political science at the U.A.E. University in al-Ain.

Prince Alwaleed, a nephew of Saudi King Abdullah, invested $590 million in Citigroup predecessor Citicorp in 1991 when the bank needed cash because of loan losses in Latin America and a collapse in U.S. property prices. Alwaleed now holds about $6 billion of Citigroup shares. The prince wasn't available for comment at his Riyadh office today.

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Your Alternative to the Mighty Fargo Forum ...

2007-11-24T19:32:00.000-08:00

NDSU is under appreciated, at least locally.

I wonder sometimes how many of us realize that an institution of the
size and level of NDSU has much to offer the community other than
athletics and a plot up North with cool lights.

This last week was the celebration of Veterans Day, officially
November 11. This holiday was originally to celebrate
the end of World War I, and was originally called Armistice Day, as
the World War I Armistice was the 11th hour of the 11th day of the
11th month.

As part of this recognition, the History Department, the Mathematics
Department, the NDSU HIstory Club and Phi
Alpha Theta(the National History Honor Society) hosted a lecture by
Professor Emeritus Ferdinand("Fred") Haring of
the NDSU Mathematics Department.

Fred was born in Indonesia, the Dutch East Indies then, and was about 10 years old when the Japanese attacked Pearl Harbor. He spent the whole war on the Dutch East Indies Island
of Java, growing up under the rule of the Japanese as part of their "greater east Asian co=prosperity sphere." aggression: they wanted the oil.

Fred gave a gorgeous, very professorial lecture describing World War
II from his perspective. He was a little lightson Japanese
atrocities, but nonetheless gave an interesting perspective not many
of have, or know about. Particularly interesting was his description
of the battle of the Java Sea, which took place early in the war, and
apparently was the only seal battle to involve a multi-national allied naval force,
which was almost entirely sunk.

After describing the departure of the Japanese, Fred went on to
describe the foundation of the Republic of Indonesia and the loss of
Dutch influence in what is now Indonesia. This was a harder time for
the Dutch colonials than the Japanese occupation. Eventually Fred wound up in Holland,
where he had never been before, and was educated at the University of
Utrecht and the Illinois Institute of Technology before coming to NDSU
in 1962.

Celebrating another holiday, on November 20 the Vienna Boys Choir will
be performing at Festival Hall at NDSU. This is an internationally
acclaimed choral group that has performed in almost every major venue
imaginable. I understand tickets are going fast, so we might want
to check this out as soon as possible. I hope that we are not
embarassed by low attendance as has happened in the past with world
class performances.

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Alternative to Fargo Forum: Fifteen Percent of Fargo’s Homeless Work Full-Time

2007-11-07T12:47:00.000-08:00

Fargo, ND - Fifteen percent of all homeless people in Fargo work full time. Moorhead numbers are not much different—thirteen percent are working full time. Twenty-eight percent of Fargo’s homeless and eighteen percent of Moorhead’s homeless have part time work. In other words, thirty-one to forty-one percent of all homeless persons in the FM area are working—yet still have no home. This startling statistic, reported in the most recent Wilder Survey, defies stereotypical notions that homeless people are homeless by choice—that they prefer not to work and instead prefer to live off the “system.”

The Wilder Survey, conducted throughout Minnesota and including Fargo, reveals several other facts about the area’s homeless population that contradict common beliefs about homeless persons. The study was conducted in October of 2006, and the results of the FM portion of the study were reported to the community in a presentation by Greg Owen, PhD, on September 20, 2007.

Perhaps most startling is that the report shows a 49% increase in homelessness since 2003, the last time the study was conducted. Owen, who oversees the study and performs the data analysis, and Barbara Sipson, the area coordinator of the study, indicate that the 49% increase is a little misleading. Some of the increase can be attributed to better data collection methods (which means that there were more homeless in 2003 than previously identified), but that the increase is still significant. Statistics from the Clay Wilkin Homeless Prevention and Assistance Program at Lakes and Prairies Community Action show a twenty-one percent increase in requests for services from the period of July 1, 2006 through September 30, 2006 to the same period in 2007. Other programs report similar increases. The real increase in area homelessness is most likely in the twenty to thirty percent range.

How does one become homeless while working full time? The answers are perhaps
as varied as the stories of people who fall into homelessness. For many, they lose employment which leads to housing loss. They regain employment but find it difficult to regain housing. In part, this is due to the extensive credit and background checks most area landlords conduct before approving a rental application. Once a person has an eviction on their record it is “difficult to find a landlord who is willing to accept what could be considered to be a high risk tenant.”

Landlords can hardly be faulted for avoiding risk, but that does not make it any easier for someone who has experienced a setback in their housing status to return to a normal housing situation. Some landlords who are lenient on background checks, or do not conduct them at all, are lenient because they offer housing that is below the standards that most tenants expect. So, if a person who has become homeless through eviction (or foreclosure) does regain housing, often times the housing is substandard.

Another factor that contributes to the existence of working homeless people is the fact that wages have not kept pace with rents and there are fewer low cost apartments than there are people looking for low cost rent. As a result, some area agencies (like Lakes and Prairies Community Action) are proponents of a universal living wage where the local minimum wage is calculated based on a full time worker being able to pay market rate rents for an appropriately sized apartment.

Another disturbing statistic from the Wilder Survey is that seventy-seven percent of the area’s homeless persons have some sort of serious disability. These include mental illness, chemical dependency, physical and developmental disabilities or a combination of the above. That means that only twenty-three percent of the area’s homeless are free from some sort of disability—less than the percentage that are working.

There are approximately one-hundred and sixty homeless women in Fargo/Moorhead. Of these, one-third have at least one child with them. Twenty-five percent of these women are fleeing domestic violence.

The study identified fifty-seven unaccompanied homeless youth (twenty years old or less). The figure could be higher because many homeless youth avoid services, preferring to “couch surf” and avoid authority figures. Many of these youth are also fleeing abusive situations. About half are struggling with alcohol or drug use, and only half ever expect to be reunited with their families. Thirty-nine percent of homeless youth have a GED or high school diploma—indicators that for many their housing struggles are going to continue for years to come. Forty-five percent of female homeless youth report having been pregnant, and twenty-seven percent of male homeless youth acknowledge having fathered a child. One-third of the females reported that they had been approached to engage in prostitution or other sex work.

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Your Alternative to the Fargo Forum: Subprime loans in a mess

2007-11-02T15:37:00.000-07:00

More Riske Business: So Alan Greenspan says he didn’t think the subprime loan disaster would be so bad. Where the heck was he hiding? Economist Doug Noland began talking about the pending disaster in real estate loans years ago along with many others. Seems Greeny has the same vision as Mr. McGoo. And wasn’t it Greeny who advised Americans to load up on Adjustable Rate Mortgages when interest rates were at an all time low? Ron Paul, R-TX, is the only candidate for President who would abolish the Soviet-style central planning Federal Reserve Bank. Now there’s a guy with vision!

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Your Alternative to the Fargo Forum: Linda Coates Should Resign from Office Today

2007-10-11T00:08:00.000-07:00

I in no way know Linda Coates, nor do I care to meet her. I am a regular guy who works from about 7am to 6pm at my blue-collar business. After work I sometimes like to go to the bar to meet some friends and have a beer or two. I do not smoke, but in no way am going to hold that against someone who could possibly have a chemical addiciton to the product or just plain would like to enjoy a legal product. Coates is quick to play the Public Health Card, yet she gets to choose which items of public health she will discriminate against. Coates has demonstrated how she can promote and enforce discrimination with her leadership position. She has singled out just smokers, not fast food restaurants, not pesticide companies and not steel companies. This is actually the definition of someone with racist behavior.

She also, apparently, has been visited from Moses himself with a couple of tablets, it is too bad she kicked him off public grounds. What she failed to see about these tablets is that they are in no way religious - they are Hollywood memorabilia.
She has displayed she has no idea how the government works by holding "secret meetings" with a majority of our council. Even when it was pointed out to her, thanks to The High Plains Reader's investigative article, she continued with the meeting. It is has to be her way, behavior of a spoiled brat. After she was able to railroad her wet house location through, she displayed how she has no idea how to work the numbers - coming up hundreds of thousands of dollars short from the estimate. Nor does she care about the voice of the people of Fargo, just certain people who may or may not live in Fargo.

I think it is about time she steps down from office or discloses her hidden agenda. And if I am wrong about her hidden agenda, then she is just a dim-witted, uneducated politician who uses bully tactics to get what she wants. She will tell you I am wrong, just ask her. But her actions should speak much louder than her words.
I believe her track record will speak for itself, and please notice I do not object to any of her policies, just her "my way or the highway" b*#%* attitude.

By "The German Sausage
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Fargo Politics: Crash goes the Monument in Fargo?

2007-10-01T00:41:00.000-07:00

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Recently the Fargo City Commission heeded a petition drive, reversed it's earlier decision to divest itself of the Ten Commandments Monument and rejected the "gift" of the Red River Free Thinkers of a copy of a Treaty between the United States and Algiers, a Barbary state or close to it. The treaty clearly states that the United States is not a Christian country. I don't take this treaty seriously: looks like diplomacy to me, but I don't think we've heard the last of this. First, most court cases involving things like the Monument result in their removal. The court that ruled on the Fargo case based its ruling on the idea that Fargo would accept any other such monument. Even this isn't good enough for many, including me. My spiritual beliefs are mine, and I do not share them easily. I certainly don't want to build monuments to them and don't think monuments to others beliefs should be on government sites. By rejecting the Free Thinkers gift, the Commission has negated the courts reasoning, setting themselves up for another court case, unless the Free Thinkers are either tired of this or are out of money to spend on attorneys. Now, what about the Commandments themselves? I've heard two arguments for keeping it. One is that the Founding Fathers were devout Christians, the other is that the commandments are in some sense universal, applicable to everyone. I think both are rather obviously false. The inconvenient truth about the religious beliefs of our Founders is that most were Deists. At least, that's what the scholars seem to be saying. A Deist believes in a Supreme Being, but do not believe it interferes with the Universe as we know it, does not hear or answer prayers. This seems to indicate they are not Christians. I find it difficult to reconcile Deism with the public statements of many of our Founders save one: Thomas Jefferson, "that notorious Deist(Harpers)". That's good enough for me. There being no evidence that our Founders wished to found a Christian Society, that's pretty strong evidence that they didn't. With regard to who would accept the commandments, I do not think it the Governments Business to outlaw idolatry(nor are they trying to), or enforce the observance of the Sabbath, although they've tried. Since the Sabbath is not the same to everyone(in fact, most think it's Saturday), this clearly can't be done without espousing one or more religions.

A number of Fargo's leading Citizens are Hindus. US Citizens that got that way by legal means within the intent of the Constitution. Hindus believe in three gods, not one: Brahma, Vishnu and Shiva. I think that unless Fargo wants to offend these citizens, crash goes the monument.

By: London Calling
www.fargophantom.com
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Your Alternative to the Fargo Forum: Nothing New Under the Sun

2007-10-01T00:29:00.000-07:00

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All societies have believed there own crap. Thought that they had it all figured out. One thing they fail to get is that nothing changes. On average every hundred years or so give or take five to ten everyone here on the planet is dead, and gone. In other words no matter how old the person when you read this every one alive from that point on should be gone in no more than a hundred years. Simple enough until you really think that is about 5.2 billion people recycled every hundred years. And 90% of them thinking that they are the ones that will make something different. Without paying attention to the why and how the ones before have failed. I don't want you the reader to believe that I am trying to project a pessimistic tone. I don't believe in it. The whole idea that you have to be pessimist to be a skeptic is wrong. You just need to not be afraid of what you find. Now I know what most are thinking the Internet, space travel, nano technology to name a few these things are new. People in the past used to know some thing, but not understand it; we I believe understand more but know less. An example of this is in ancient Persia a remedy for rheumatism in you legs was to stand on a special fish. Today we know that the fish had a electric charge and the problem was arthritis. I have no fish nor do have health insurance. What I want a person to think about is who's life was more convenient? All we have done is created a codependency on our great new stuff. Fire, soap, and Penicillin have saved more lives that anything Pfizer has come up with. In other words a Roman had running water, wood and oil delivered to there home for heat and light, and an abundance of food (( all on the backs of the weak) this is for the democrats/pessimists). I have to work my ass off for food with preservatives, toys with lead paint, overpriced electricity all while paying huge amounts of interest on borrowed money.

The only thing the future hold is more pain unless we learn from the past. Soon we will forget all of the things that have been figured out and be in caves again clubbing women to breed and wondering why raw chicken (squawky birds) make us sick.

"Life is a garden dig it"
By: Joe Dirt. "Peace" Manowar

Fargo Phantom

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Your Alternative to the Fargo Forum: Just What does Katrina have To Do With Immigration

2007-09-30T21:47:00.000-07:00

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Fargo ND We are near the anniversary of Katrina, the storm that all but wiped out New Orleans. What does this have to do with immigration, legal or otherwise? One argument against massive immigration across the United States, for example, on our southern border is the illegal aliens are taking jobs away from Americans. The response is that the jobs they are taking are jobs American are not willing to do, at least not for the same wage. Oh? Why is that true, if it is. Katrina showed the people of Fargo and the rest of the country the massive poverty in New Orleans and by extension, in many other large cities. It revealed hundred of thousands of people, nearly destitute, totally unable to fend for themselves, totally dependent on an unresponsive Federal government. I sure help hope the people of Northwood, ND don't experience the same treatment from our Government. What ever happened to "workfare?" Didn't work, I guess. Well, as long as our lowest class doesn't have to go to work I think it rather obvious it won't work. I think we might be surprised how well many of them could care for a lawn if their livelihood depended on it. As good as any illegal immigrant, I would bet. Further, has anyone considered if we're doing anybody any good? People leave their home countries and come here presumably because life here at its worst is better than at home. By accepting, we are robbing them of their opportunity, or even responsibility, to make their own county better. If their government is the problem, then according to our founding fathers, it is their responsibility to change it. By accepting their immigrants,

we are robbing these countries of the opportunity to develop. Such is not easy: we didn't find it so, but nothing worthwhile ever is.

By: London Calling
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Preview

2007-09-25T03:32:00.000-07:00

By: The Downtown Duster

Monday, Sept 10, is the first showing in the Fargo Theatre/NDSU Fine Arts film series. The first Monday of every month through April the Fargo Theatre will show a film supplied by the NDSU Arts Department. One showing only, at 7 PM. This month's offering is "The Wonder Boys," a comedy about a hectic weekend in the life of a College Professor. Sound Boring? I doubt it. Michael Douglas is the Professor, Tobey McGuire one of his students, Frances McDermond the Chancellor of his University and another role played by Robert Downey Jr. How can this go wrong? This not the first year of this series, but I think it an important addition to the Fargo-Moorhead community. Most cities of quality have significant arts and sciences establishments. Faro already has the Red River Zoo, the Fargo Theatre complete with the Fargo Film Festival and several other events and the Great Plains Art Institute. Most cities of quality living also have partnerships with their Universitys that transcend athletics. Getting off the plane in Minneapolis, I see lots of informational panels about different U of M programs(none of them athletic, incidentally). If anyone remembers the Mary Tyler Moore show, it was clear the important part the "U" plays is Twin City life. For some time NDSU has been moving in the direction of becoming a true University(not that there was anything with the Science and Engineering they've been known for for quite some time) that is a vibrant part of the community. The previously non-existent arts department has first class faculty and the the College of Arts and Humanities a visionary Dean, so I hope this type of activity continues to expand.

Now, if we could just get the NDSU admninistration to think the NDSU Arts series , at Festival Hall, is just as important as, say, woman's JV volleyball, ..

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Fargo Politics: What Albert Einstein think of of our policies in the Middle East?

2007-09-25T03:23:00.000-07:00

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Fargo ND Indeed, Albert considered himself to be a pacifist. In 1929, he publicly declared that if a war broke out he would "unconditionally refuse to do war service, direct or indirect... regardless of how the cause of the war should be judged." His position would change in 1933, as the result of Adolf Hitler's ascent to power in Germany. While still promoting peace, Einstein no longer fit his previous self-description of being an "absolute pacifist". As the realization of nuclear weapons grew near. Einstein looked beyond the current war to future problems that such weapons could bring. He wrote to physicist Niels Bohr in December 1944, "when the war is over, then there will be in all countries a pursuit of secret war preparations with technological means which will lead inevitably to preventative wars and to destruction even more terrible than the present destruction of life." Einstein Feared more than anything Governments that were not accountable to the people. It is not difficult to see that democratic governments have brought a record of peace and prosperity compared to dictators and one party states around the world. So, the question must be asked. Why is this so? The answer lies in that a democratic government is one that is held accountable for its actions not just at election time but also on a daily basis. Is this really the fundemental reason we find ourselves in the Middle East. This I believe, is exactly what Einstein feared, dictatorships running governments during a time of arm proliferation and technology that most poor nations can now dabble in. I believe if he were alive today he would be hammering this point home.

We all know what we really fear in the mideast, Just what the most intelligent mind of the 20 th century thought. Lets get it done. Stick that in your bong and smoke it liberals..... By The Mean Mr Mustard
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