Sunday, May 09, 2010
Saturday, May 08, 2010
We Are Out of Money
We Are Out of Money - Reason Magazine
"According to E.U. rules, member countries cannot maintain budget deficits above 3 percent of gross domestic product; nor can their total debt rise above 60 percent of GDP.
As Veronique de Rugy points out in this issue, the U.S. budget deficit in 2009 was three times the E.U.’s limit, and total debt will zoom past the 60 percent threshold sometime this year.
Washington makes Paris look frugal."
"According to E.U. rules, member countries cannot maintain budget deficits above 3 percent of gross domestic product; nor can their total debt rise above 60 percent of GDP.
As Veronique de Rugy points out in this issue, the U.S. budget deficit in 2009 was three times the E.U.’s limit, and total debt will zoom past the 60 percent threshold sometime this year.
Washington makes Paris look frugal."
Venezuela annual inflation rate hits 30 percent
Venezuela annual inflation rate hits 30 percent
"Venezuela's annual inflation rate has surpassed 30 percent after consumer prices surged in April."
"Venezuela's annual inflation rate has surpassed 30 percent after consumer prices surged in April."
Release the Blagojevich tapes: Target the Chicago '5'
Release the Blagojevich tapes: Target the Chicago '5'
Last week, redacted portions of Blagojevich’s Motion to Subpoena President Obama came to light, indicating that Obama had contacted SEIU labor officials to lobby the Senate seat for Valerie Jarrett.
If true, this would potentially contradict the President’s public statements.
Last week, redacted portions of Blagojevich’s Motion to Subpoena President Obama came to light, indicating that Obama had contacted SEIU labor officials to lobby the Senate seat for Valerie Jarrett.
If true, this would potentially contradict the President’s public statements.
NUGENT: Profile or die
NUGENT: Profile or die
"My name is Ted Nugent, and I profile.
And it is good.
We are sick and tired of the soulless condition of denying factual, clear and present danger in the name of feel-good backpedaling."
"My name is Ted Nugent, and I profile.
And it is good.
We are sick and tired of the soulless condition of denying factual, clear and present danger in the name of feel-good backpedaling."
Stinko de Mayo
EDITORIAL: Stinko de Mayo
"The question is: Who taught these kids to hate America so much?"
"The question is: Who taught these kids to hate America so much?"
4 ways Congress caused the financial crisis
4 ways Congress caused the financial crisis
"Bankers may have rushed to create fancy new securities, but it was legislators who enabled risky behavior by housing giants Fannie Mae and Freddie Mac — and failed to instill watchdogs like the Federal Reserve and the Securities and Exchange Commission with the backbone needed to rein in risky activities.
In detail, Levine makes these points that illustrate the role of Congress:"
"Bankers may have rushed to create fancy new securities, but it was legislators who enabled risky behavior by housing giants Fannie Mae and Freddie Mac — and failed to instill watchdogs like the Federal Reserve and the Securities and Exchange Commission with the backbone needed to rein in risky activities.
In detail, Levine makes these points that illustrate the role of Congress:"
Metra boss Phil Pagano's suicide a repeating pageant for Illinois
Kass: Metra boss Phil Pagano's suicide a repeating pageant for Illinois - chicagotribune.com
"When politicos play musical chairs in Illinois, what happens after the music stops and there's no safe place to sit?
There have been four dead in recent years, unrelated cases of suicide, different except for the acts of the common pageant: The corruption investigators call. The music ends abruptly.
Two were done in by guns, one on a beach, the other under a bridge. A third was by pills in a construction trailer.
The fourth came Friday morning during rush hour, announced by that body under that white sheet on the Metra tracks in McHenry County."
oh yeah!
"When politicos play musical chairs in Illinois, what happens after the music stops and there's no safe place to sit?
There have been four dead in recent years, unrelated cases of suicide, different except for the acts of the common pageant: The corruption investigators call. The music ends abruptly.
Two were done in by guns, one on a beach, the other under a bridge. A third was by pills in a construction trailer.
The fourth came Friday morning during rush hour, announced by that body under that white sheet on the Metra tracks in McHenry County."
oh yeah!
Ill. rail chief dies in apparent suicide by train
Ill. rail chief dies in apparent suicide by train
"Pagano was under investigation and that he had been placed on paid administrative leave from his $269,000-a-year job. Metra had hired an attorney to investigate allegations that the Metra executive director of 20 years had received an unauthorized $56,000 bonus."
Let's hope the other government crooks give this a try too.
"Pagano was under investigation and that he had been placed on paid administrative leave from his $269,000-a-year job. Metra had hired an attorney to investigate allegations that the Metra executive director of 20 years had received an unauthorized $56,000 bonus."
Let's hope the other government crooks give this a try too.
State Senator Sylvia Allen responds to SB1070
State Senator Sylvia Allen responds to SB1070 - The Cholla Jumps
"I’m Arizona State Senator Sylvia Allen.
I want to explain SB 1070 for which I voted yes.
Rancher Robert Krentz was murdered by the drug cartel on his ranch a month ago.
I participated in a senate hearing two weeks ago on the border violence, here is just some of the highlights from those who testified."
This is one of the most frightening letters I've ever read.
"I’m Arizona State Senator Sylvia Allen.
I want to explain SB 1070 for which I voted yes.
Rancher Robert Krentz was murdered by the drug cartel on his ranch a month ago.
I participated in a senate hearing two weeks ago on the border violence, here is just some of the highlights from those who testified."
This is one of the most frightening letters I've ever read.
“I never thought I’d be on national TV for wearing an American flag shirt.”
VIDEO: “I never thought I’d be on national TV for wearing an American flag shirt.”
“What seems to elude people in this incident is that everyone has the right to express themselves on every day of the year in the US, and that ’some people may be offended’ is no just cause for censorship.”"
“What seems to elude people in this incident is that everyone has the right to express themselves on every day of the year in the US, and that ’some people may be offended’ is no just cause for censorship.”"
The Greek Economy Explained
The Greek Economy Explained
"In terms of overall ease of doing business, Greece comes in 109 out of 183 countries around the world.
It is dead last among the 27 members of the European Union as well as the advanced economies in the OECD.
You have to go up 30 slots to find the next worst EU performer, Italy. The U.S. ranks fourth and Singapore is first.
At 109, Greece ranks below such models of transparency and free enterprise as Egypt (106), Zambia (90), Rwanda (67) and Kazakhstan (63).
A country has to work hard to do this poorly.
The Doing Business survey reveals an economy that's hostile to free enterprise and private property, primed for corruption, lacking in labor and capital mobility, stifled by powerful trade unions and unlikely to grow without deep-rooted changes."
"In terms of overall ease of doing business, Greece comes in 109 out of 183 countries around the world.
It is dead last among the 27 members of the European Union as well as the advanced economies in the OECD.
You have to go up 30 slots to find the next worst EU performer, Italy. The U.S. ranks fourth and Singapore is first.
At 109, Greece ranks below such models of transparency and free enterprise as Egypt (106), Zambia (90), Rwanda (67) and Kazakhstan (63).
A country has to work hard to do this poorly.
The Doing Business survey reveals an economy that's hostile to free enterprise and private property, primed for corruption, lacking in labor and capital mobility, stifled by powerful trade unions and unlikely to grow without deep-rooted changes."
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