Archive - May 26, 2008

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PHOENIX (AP) — Thelma Keane, the inspiration for the Mommy character in the long-running "Family Circus" comic created by her husband, Bil Keane, has died. She was 82. She died Friday of Alzheimer's disease, the family said.

"Family Circus," which Keane began drawing in 1960, depicts the good-humored life of two parents and their four children. It is now featured in about 1,500 newspapers. "She was the inspiration for all of my success," Bil Keane, 85, told The Associated Press from his home in Paradise Valley on Sunday. "When the cartoon first appeared, she looked so much like Mommy that if she was in the supermarket pushing her cart around, people would come up to her and say, 'Aren't you the Mommy in 'Family Circus?' and she would admit it."

Bil and Thelma "Thel" Keane met during World War II in the war bond office in Brisbane, Australia. She was a native Australian working as an accounting secretary, and Bil worked next to her as a promotional artist for the U.S. Army. "I had this desk alongside the most beautiful Australian 18-year-old girl with long brown hair," Bil Keane said. "And I got up enough nerve to ask her for a date." The two married in 1948 and moved to Bil Keane's hometown of Philadelphia. They had five children and moved to the Phoenix suburb of Paradise Valley in 1958.

Not only was Thelma Keane the inspiration for the always-loving and ever-patient comic character also named Thel, but she worked full-time as her husband's business and financial manager. Her family says she was the reason Bil Keane became one of the first syndicated newspaper cartoonists to win back all rights to his comic. "There was nothing that I did in the cartoon world or in the business world that she wasn't the instigator of, and she certainly deserves all the credit that I get credit for," Bil Keane said. "The losing of Thel is a heartbreaking thing for me," he said. "However, it makes me realize how important she was to my worldly success, and I know where she is now, I feel that she's still helping me and probably giving me the inspirations you can only get from an angel in heaven."

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Original Source: AP

Original Source: Bloomberg

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May 26 (Bloomberg) -- Currencies in Europe will benefit from record oil prices because of the region's energy efficiency, exports to oil-producing nations and vigilance against inflation, according to Barclays Capital. The euro, the British pound, the Swiss franc, the Swedish krona and the Norwegian krone should perform "relatively well" as oil prices rise, wrote David Woo, global head of foreign exchange strategy in London at the bank, the third-biggest currency trader. The U.S. dollar ranks bottom in terms of potential performance as energy prices climb, it said. "Europe is well positioned in the new paradigm, the U.S. is not," Woo wrote in a research note dated May 23.

The dollar slid as much as 8.9 percent to a record low against the euro this year as losses from the subprime mortgage collapse threatened to send the U.S. economy into a recession. At the same time, oil futures have soared to a record as a crude producers sought higher dollar prices to compensate for lower import revenues, according to Barclays Capital. This has created a "vicious circle'' where high energy prices increase the U.S. trade deficit and make other central banks reluctant to lower interest rates, leading to further dollar declines, Barclays Capital said. The euro bought $1.5757 at 5:23 p.m. in Tokyo, little changed from late in New York on May 23. It rose to $1.6019 on April 22, the highest since the common European currency's introduction in January 1999.

The U.S., Canadian, New Zealand and Australian score poorly in terms of their intensity of energy use because of their dispersed populations and focus on manufacturing or commodity industries, Barclays said. European economies are more densely populated, service-orientated and energy efficient, it said. Oil consumption accounts for less than 2 percent of nominal gross domestic product in Norway, Switzerland, the U.K. and Sweden in 2006, compared with more than 3.5 percent in the U.S. and Canada, the report showed. "The U.S. is the world's third-largest oil producer but because of the high energy intensity of its economy, its petroleum trade deficit is not much smaller than the eurozone, which produces no oil," Woo wrote. Japan and Switzerland may also suffer deteriorating trade balances as oil prices rise, the report said. Crude oil for July delivery rose by 96 cents to $133.15 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It reached $135.09 on May 22, the highest since trading began in 1983.

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Next month marks the tenth anniversary of the European Central Bank, guardian of the euro, which itself will turn ten thereafter.

Images courtesy of AP Photo/Haraz N. Ghanbari and AFP

Being in the Air Force means having to move frequently. When some friends of ours were transferred to a nearby base, the local TV station interviewed them for a human-interest story. The interviewer asked their five-year-old daughter how she felt about settling into a new home. She calmly replied, "Oh, we carry our home with us – we just have to find a house to put it in."
-- Alan Whittle

My friend, a Marine, didn't care that his trip to the shooting range had been canceled, but he was put off that his physical exam was still on.
"Should it bother me," he asked, "that they don't seem to care how well I can shoot, but they are interested in how fast I can run?"
-- Dawn Gutierrez

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