Life's Great Expectations!

Greenspan sees dramatic drop in Chinese stocks ... Worried Shanghai Will Burst ...China Syndrome? U.S. stocks sold off Wednesday afternoon after former U.S. Federal Reserve Chairman Alan Greenspan said he was concerned Chinese stocks may undergo a " dramatic contraction " but said the global economy may be able to shrug off a drop in asset prices. Addressing a meeting in Madrid via teleconference, Greenspan said the recent boom in Chinese stocks could not last . " It is clearly unsustainable ," he said " There's going to be a dramatic contraction at some point ." The main Shanghai index has nearly tripled in past year and is up 56 percent so far in 2007. Greenspan also said a correction could cause problems for Chinese personal wealth. Some analysts have speculated that the Chinese government could be tempted to dip into its reserves to bail out any stung investors and avoid social unrest. Greenspan, who stood down as Fed governor last year, said cheap

SINGAPORE: A water spout has been spotted from the eastern parts of Singapore. Water spout sighted off Singapore's east coast By Gamar Abdul Aziz, Channel NewsAsia | Posted: 25 May 2007 1646 hrs Most callers to the MediaCorp News Hotline reported seeing what looked like a tornado or a twister over the sea. Most said they saw the phenomenon at about 2.30pm and that the phenomenon lasted about 15 minutes. Witnesses said it was moving in a circular motion. The water spout could be seen in several areas including Chai Chee, East Coast Park, Suntec City and Potong Pasir. Last August, a water-spout was also spotted off the coast of Sentosa Island. The National Environment Agency (NEA) said intense thunderstorms were the cause of the phenomenon. The water spout is a narrow column of water that is sucked to the base of a cloud, making it look like a funnel. An average diameter of a waterspout is 50 metres and it has average wind speeds of up to 150 kilometres per hour. The NEA added tha

PROMISES TO PUT A SMILE IN YOUR HEART. READ ON... Why the sun lightens our hair, but darkens our skin? Why women can't put on mascara with their mouth closed? Why don't you ever see the headline "Psychic Wins Lottery"? Why is "abbreviated" such a long word? Why is it that doctors call what they do "practice"? Why is lemon juice made with artificial flavor, and dishwashing liquid made with real lemons? Why is the man who invests all your money called a broker? Why is the time of day with the slowest traffic called rush hour? Why isn't there mouse-flavored cat food? Why didn't Noah swat those two mosquitoes? Why do they sterilize the needle for lethal injections? You know that indestructible black box that is used on airplanes? Why don't they make the whole plane out of that stuff?! Why don't sheep shrink when it rains? Why are they called apartments when they are all stuck together? If con is the opposite of pro, is Congress the oppo

PROMISES TO PUT A SMILE IN YOUR HEART Only in America ...do drugstores make the sick walk all the way to the back of the store to get their prescriptions while healthy people can buy cigarettes at the front. Only in America ......do people order double cheeseburgers, large fries,and a diet coke. Only in America .....do banks leave both doors open and then chain the pens to the counters. Only in America ......do we leave cars worth thousands of dollars in the driveway and put our useless junk in the garage. Only in America ......do we buy hot dogs in packages of ten and buns in packages of eight. Only in America ......do we use the word 'politics' to describe the process so well: 'Poli' in Latin meaning 'many' and 'tics' meaning 'bloodsucking creatures'. Only in America ......do they have drive-up ATM machines with Braille lettering. Now that you've smiled at least once, it's your turn to spread the stupidity and send this to someone you w