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* Crude rises $1 on Gustav threat to Gulf of Mexico * U.S. dollar set for biggest monthly rise since Jan. 1997 * Japan’s Nikkei jumps 2 pct after solid U.S. GDP revision (Repeats to additional subscribers with no change to text) Asia stocks rallied on Friday, led by industrial companies and exporters, after a big upward revision to second quarter U.S.

South Korean brokerage Woori Investment & Securities said on Friday it was looking at about 20 European investment banks for a potential stake purchase or acquisition worth less than 2 trillion won ($1.84 billion). European banks are seen as less vulnerable to the subprime mortgage meltdown than their U.S.

Even at this early hour which describes how whacked my schedule is due in part to being tired yesterday afternoon and then daydreaming about something off the wall, I suddenly feel the urge to post something and not just copy and paste my latest creative work from my Xanga. No.

* Hillary Clinton plays major role in approving Obama * Obama “ready to be president,” says Bill Clinton * Biden to be nominated, speak To shouts of “Yes we can,” Democrats nominated Barack Obama on Wednesday as their presidential candidate in a historic first for a black American, backed by his ex-rivals Bill and Hillary Clinton.

"The Insider" confirms that an ABC news producer was arrested near the Democratic National Convention in Denver on Wednesday, outraging the network. Asa Eslocker is being charged with trespass, interference, and failure to follow a lawful order, according to Denver police officials.

"The Insider" confirms that an ABC news producer was arrested near the Democratic National Convention in Denver on Wednesday, outraging the network. Asa Eslocker is being charged with trespass, interference, and failure to follow a lawful order, according to Denver police officials.

08.27.08 Today marks the start of one of cinema’s most classy festivals, the 65th edition of the Venice Film festival, with the out of competition screening of the Coen Brothers new film “Burn After Reading.” Hopes are always high for the Coens’ films, and this year it is no different.

Major U.S. airports were operating normally on Tuesday evening after a glitch in the computer system for filing flight plans delayed hundreds of flights, the Federal Aviation Administration said. The Department of Homeland Security said there was no link to terrorism and the FAA said the computer glitch did not affect its ability to safely track planes in the air.

Asian stocks fell more than 1 percent on Tuesday, after more trouble in the U.S. financial sector, including a ninth bank failure, reminded investors of the frail state of the global economy. Worries about world growth were fuelled after the International Monetary Fund trimmed global growth forecasts, bolstering the dollar and underpinning safe-haven government bond prices.

The State of Ohio released it’s report card. In a case of grade inflation- no school systems are in “academic emergency” this year- but Dayton is still in the bottom of the ratings. Is it Dayton’s fault? Is it the levy? Is it the Superintendent’s fault? The teachers? Nope.