Wall Street Manna

An irreverent look at Wall Street

Thursday, May 21, 2009

S&P warns Britain on debt

LONDON -- Ratings agency Standard & Poor's shocked investors Thursday with a formal warning that the United Kingdom must get its finances in order or lose its coveted triple-A credit rating, underscoring the monumental challenges the country faces as it seeks to dig its economy out from under the wreckage of the financial crisis.
http://online.wsj.com/article/SB124289673880242719.html#mod=testMod

The rating agencies continue to try and show us they are still full of "piss and vinegar." You'd think they just got off the space station!

HOUSTON — At the international space station, it was one small sip for man and a giant gulp of recycled urine for mankind.

Astronauts aboard the space station celebrated a space first on Wednesday by drinking water that had been recycled from their urine, sweat and water that condenses from exhaled air. They said "cheers," clicked drinking bags and toasted NASA workers on the ground who were sipping their own version of recycled drinking water.
http://www.usatoday.com/tech/science/space/2009-05-21-space-urine_N.htm

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