| Schilling says he had no choice but to spurn shoulder surgery
Schilling could see why Henry feels rehab is best. "When you understand the depths of the different diagnosis, the incredible variations in potential treatments and timetables you should be able to understand to some degree why I might be upset at being forced to take this course of action," Schilling said in an e-mail to The Associated Press. "That being said, that process is over and right now I am focused on trying to find out as quickly as possible whether or not this course of action will work." Red Sox team physician Dr. Thomas Gill recommended rehab for the tendon injury. Schilling sought a second opinion from Dr. Craig Morgan, who operated on the right shoulder in 1995 and 1999. Morgan felt strongly that surgery was best and that rehabilitation would fail and end Schilling's career.
Dollar - Doomed At 1.45?
The worst of the lot included housing starts which dropped more than 10% and jobless claims which swelled to 337K against 312K expected. The news pushed the Fed Funds futures to a 75% chance of a rate cut in October dragging the dollar to new lows. To add insult to injury the TICs data proved shockingly weak, printing at -$69 Billion versus $60 Billion projected. Many analysts noted that the vast majority of the outflow was in equities during the massive liquidation in August. With equity markets having recaptured and exceeded their record highs, the expectation for next month is that many of these negative capital flows will reverse. Although the prospect of an October rate hike is quite real, as we noted in our brief on Friday, "Chairman Bernanke must be aware that further monetary easing so soon after the 50bp cut in September, would immediately spur speculation of yet more cuts before the year end and could easily push the EURUSD to the 1.4500 figure within a matter of weeks, destabilizing an already woefully weak dollar." Next week the US calendar is relatively uneventful with yet more housing data and durable goods on the docket.
UTC Unveils Two Major Sponsorships to Celebrate 25th Anniversary of ...
(CSRwire) NEW YORK, N.Y. - United Technologies Corp. will celebrate a quarter century of arts support by underwriting at The Metropolitan Museum of Art in New York a major exhibition of rarely seen drawings by Vincent van Gogh and by commissioning three contemporary artists to create larger-than-life artwork in the SoHo section of New York City, UTC Chairman and Chief Executive Officer George David announced today. "Over the past 25 years United Technologies has enthusiastically supported the arts, providing more than $55 million in funding and sponsoring 54 exhibitions on four continents," David said. "We are a company founded on innovation and believe the arts, like science and engineering, both inspire us and challenge our notions of impossibility." David announced that three artists have been commissioned to produce original paintings that will go on display at outdoor locations in New York City in September.
Republican scramble turns to S.C.
GREENVILLE, S.C. - It's been just a little more than two weeks since Mike Huckabee's breakthrough victory in the Iowa caucuses. But the way the Republican presidential race has been going, it seems a lifetime ago. So he is eager to pick up win number two in today's South Carolina primary. And with polls showing him closing in on John McCain, Huckabee sounds increasingly confident he will be able to do it, weather permitting. While a daylong rain is predicted for most of the state, ice and snow are in the forecast for up-country South Carolina. The region is home to many of the evangelical Christians whose support is vital to Huckabee, people like the Hoyt family. "No matter the weather, I'll be voting," said Mark Hoyt, who came to hear the candidate at the technical college in Greenville, accompanied by wife Leslie and daughter Alyssa, 13, for whom seeing Huckabee was her home-school history lesson of the day.
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