Friday, May 11, 2007

The! Biggest! News! of! the! Day! - Not the PPI, Retail Sales, or Greenspan's Recession Comments

Here are some of the contenders for today's biggest...news...of...the...day...

  • A mixed producer price index report...the overall PPI increase of 0.7% came in above expectations while the unchanged "core" reading was below what was expected...
  • A weaker-than-expected retail sales report...
  • More chatter from Alan "I-used-to-be-in-charge" Greenspan about the odds of a US recession...proving his keen grasp on numbers, Sir Alan says "My arithmetic says if there's a one-third probability of a recession, then there's a two-thirds probability there won't be a recession"...(note - I always wondered how that worked...)
  • A look into Pacific Ethanol (PEIX)...it is said "While other ethanol producers got clobbered by high corn prices, analysts say the No. 4 player got it right by hedging"...
  • The departure of David Neeleman, the CEO and founder of JetBlue Airways (JBLU)...
  • More options-backdating chatter as Steve Jobs defends Apple (AAPL)...
  • Word that Chicago Mercantile Exchange raised its bid CBOT Holdings (BOT)

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Armless, one-legged driver leads chase...according to the article, "Authorities were led on a high speed vehicle chase by an armless, one-legged man, and they said this wasn't the first time the 40-year-old eluded police"...it also notes the driver "spent time in prison for kicking a Florida Highway Patrol trooper after an accident"...

By no stretch of the imagination am I trying to condone this man's criminal behavior but I do have to admire the will to adapt and overcome. I also have to wonder how an armless, one-legged man managed to attack an officer...

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