Friday, April 22, 2011

Federal Reserve to Hold Press Conference for First Time Ever!

**UPDATE - April 27, 2011 - I'm dropping a fat update of the below post for today's Federal Reserve press conference including the official media statement, time and place of the press conference. I have not found a direct link to where you can view the press conference, but the press release says that Fed's statement will not be released until 12:30pm, so perhaps a video link will be active at that time.

For immediate release
Chairman Ben S. Bernanke will hold press briefings four times per year to present the Federal Open Market Committee's current economic projections and to provide additional context for the FOMC's policy decisions.

In 2011, the Chairman's press briefings will be held at 2:15 p.m. (Eastern) following FOMC decisions scheduled on April 27, June 22 and November 2. The briefings will be broadcast live on the Federal Reserve's website. For these meetings, the FOMC statement is expected to be released at around 12:30 p.m., one hour and forty-five minutes earlier than for other FOMC meetings.

The introduction of regular press briefings is intended to further enhance the clarity and timeliness of the Federal Reserve's monetary policy communication. The Federal Reserve will continue to review its communications practices in the interest of ensuring accountability and increasing public understanding.


I wonder what piece of news the Federal Reserve will reveal on April 27. It must be important, because this will be the first time that the Federal Reserve has ever held a press conference in its history. Will Bernanke announce the end of the dollar? The IMF is taking control of the Federal Reserve? The United States has defaulted on its debts? The Federal Reserve will keep printing as much money as it wants? Your guess is as good as mine.

For the first time for a Federal Reserve chief, after the next Open Market Committee meeting on Wednesday, Chairman Ben Bernanke will hold a press conference to review the bank's latest maneuver, which may be the least surprising part of the show.


Monday, April 18, 2011

Gophers Believed to Have Breached Canal Bank That Flooded Manchester Park Subdivision in Idaho

Please note that it has not been confirmed with certainty that gophers are indeed the cause of the breach. Click the following link for the official press release or read below. No word whether the line art drawing of the gopher below resembles the actual alleged gophers in question.


Pioneer Irrigation District
3804 Lake Avenue, Caldwell, ID 83605
TEL: (208) 459-3617
Regarding the Breach of the Phyllis Canal

For Immediate Use For Media Information Contact:
Caldwell, Idaho
April 13, 2011
Mark Zirschky

While our research results regarding the breach of the Phyllis Canal at Manchester Park subdivision are preliminary at this time, and our investigation continues; we have found evidence of gopher holes in the area of the breach and believe that caused the ultimate collapse of the canal bank.

We have found fresh gopher holes since yesterday in the area of the breach, and crews are working to fix the problem and insure the stability of the canal bank.

While our investigation does continue, at this point it appears that gophers are the major culprit.

- End -

Sunday, April 17, 2011

Shooting at Venice Beach Boardwalk on Ocean Front Walk

I am usually skateboarding down at the Venice Beach boardwalk, but fortunately, I didn't do so this evening. Otherwise, I might have seen the shooting down there or even been a part of some collateral damage. One alleged witness said the following:

My husband and I were at the skatepark when all of a sudden we saw hundreds of people running away from OFW. It looked like a human tsunami. People were screaming and running from the plaza area, running north along OFW, onto the grass and towards the sand. It was very scary. I've never seen anything like it before.

Per Yo! Venice, there was a fight near 17th Street on Ocean Front Walk that ended with shots and a dude being hit.