The Return of No-Money Down - Megan McArdle - Business - The Atlantic
"What truly boggles the mind is that the government still thinks that it's somehow a good idea to help push people with basically no savings into homeownership.
Do they want to make sure that a whole new class of financially marginal people can enjoy the benefits of foreclosure?"
Insanity-doing the same thing over and over and expecting different results.
Tuesday, September 14, 2010
Monday, September 13, 2010
Left-Wing Terrorism Surges In Europe, As Governments Dismantle Social Safety Net
Left-Wing Terrorism Surges In Europe, As Governments Dismantle Social Safety Net
"Spain, Greece and Italy reported a total of 40 attacks by left-wing and anarchist groups for 2009.
This constitutes an increase of 43 % compared to 2008; the number of attacks more than doubled since 2007."
"Spain, Greece and Italy reported a total of 40 attacks by left-wing and anarchist groups for 2009.
This constitutes an increase of 43 % compared to 2008; the number of attacks more than doubled since 2007."
How ObamaCare Guts Medicare
Peter Ferrara and Larry Hunter: How ObamaCare Guts Medicare - WSJ.com
"In his analysis accompanying the recently released Annual Report of the Medicare Board of Trustees, Richard Foster, Medicare's chief actuary, noted that Medicare payment rates for doctors and hospitals serving seniors will be cut by 30% over the next three years.
Under the policies of the Patient Protection and Affordable Care Act, by 2019 Medicare payment rates will be lower than under Medicaid."
"In his analysis accompanying the recently released Annual Report of the Medicare Board of Trustees, Richard Foster, Medicare's chief actuary, noted that Medicare payment rates for doctors and hospitals serving seniors will be cut by 30% over the next three years.
Under the policies of the Patient Protection and Affordable Care Act, by 2019 Medicare payment rates will be lower than under Medicaid."
The Grand Valley State University energy center in Muskegon is getting out of fuel cell operations
The Grand Valley State University energy center in Muskegon is getting out of fuel cell operations MLive.com
"The 250-kilowatt fuel cell, which converts natural gas directly into electricity, can produce much more power than the energy center building needs.
It was purchased, along with a solar roof and a battery storage system, with a $3 million alternative energy grant from the Michigan Public Service Commission."
No problem!
It was paid for with "free money"!
"The 250-kilowatt fuel cell, which converts natural gas directly into electricity, can produce much more power than the energy center building needs.
It was purchased, along with a solar roof and a battery storage system, with a $3 million alternative energy grant from the Michigan Public Service Commission."
No problem!
It was paid for with "free money"!
Michigan budget deal for 2011
Michigan budget deal for 2011 [Mackinac Center]
"with the end of federal stimulus subsidies, revenue projections for the following fiscal year fall off a cliff.
The early retirement pension boost — similar to one already adopted for public school employees earlier this year — is essentially a one-time gimmick that at least in part steals from future taxpayers so that current legislators can spend more today."
"with the end of federal stimulus subsidies, revenue projections for the following fiscal year fall off a cliff.
The early retirement pension boost — similar to one already adopted for public school employees earlier this year — is essentially a one-time gimmick that at least in part steals from future taxpayers so that current legislators can spend more today."
Doomsday warnings of US apocalypse gain ground
Doomsday warnings of US apocalypse gain ground
"'The US has run out of bullets,' Roubini told an economic forum in Italy earlier this month.
"Any shock at this point can tip you back into recession.'"
"'The US has run out of bullets,' Roubini told an economic forum in Italy earlier this month.
"Any shock at this point can tip you back into recession.'"
Sunday, September 12, 2010
AUSTRALIAN LAW PROFESSOR SMOKES KORAN IN A JOINT.
AUSTRALIAN LAW PROFESSOR SMOKES KORAN IN A JOINT.
"a University of Queensland academic has posted an internet video of himself using a page from the Muslim holy book to roll and smoke what appears to be a joint"
Wow dude...what a rush....and it helps me with my pain.....dude....
"a University of Queensland academic has posted an internet video of himself using a page from the Muslim holy book to roll and smoke what appears to be a joint"
Wow dude...what a rush....and it helps me with my pain.....dude....
Big party week for the Obamas
Big party week for the Obamas - TheHill.com
"President Barack Obama and First Lady Michelle Obama have a packed social schedule this week, with two major galas and a reception for college athletes."
And the sucka was too busy to show up at Ground Zero on 9-11........
"President Barack Obama and First Lady Michelle Obama have a packed social schedule this week, with two major galas and a reception for college athletes."
And the sucka was too busy to show up at Ground Zero on 9-11........
Barack Obama is the most antibusiness president in a generation, perhaps in American history.
Forbes.com - Magazine Article
"Barack Obama is the most antibusiness president in a generation, perhaps in American history.
Thanks to him the era of big government is back.
Obama runs up taxpayer debt not in the billions but in the trillions.
He has expanded the federal government's control over home mortgages, investment banking, health care, autos and energy.
The Weekly Standard summarizes Obama's approach as omnipotence at home, impotence abroad."
"Barack Obama is the most antibusiness president in a generation, perhaps in American history.
Thanks to him the era of big government is back.
Obama runs up taxpayer debt not in the billions but in the trillions.
He has expanded the federal government's control over home mortgages, investment banking, health care, autos and energy.
The Weekly Standard summarizes Obama's approach as omnipotence at home, impotence abroad."
Imagining Islam
Imagining Islam - Article - National Review Online
"Such an Islam, over nine long years, would have risen up and made itself heard.
It would have identified by name and condemned with moral outrage the imposters purporting to act in its name.
It would have honored America’s sacrifice of blood and treasure in the liberation of oppressed Muslim peoples.
It would have said “thank you” to our troops.
It would have joined America, without ambiguity or hesitation, in crushing terror networks and dismantling the regimes that abet them.
It would not have needed trillion-dollar American investments to forge democracies; it would naturally have adopted democracy on its own."
It has done nothing other than support the Ground Zero mosque and accusing those who oppose it of racism and islamaphobia.
"Such an Islam, over nine long years, would have risen up and made itself heard.
It would have identified by name and condemned with moral outrage the imposters purporting to act in its name.
It would have honored America’s sacrifice of blood and treasure in the liberation of oppressed Muslim peoples.
It would have said “thank you” to our troops.
It would have joined America, without ambiguity or hesitation, in crushing terror networks and dismantling the regimes that abet them.
It would not have needed trillion-dollar American investments to forge democracies; it would naturally have adopted democracy on its own."
It has done nothing other than support the Ground Zero mosque and accusing those who oppose it of racism and islamaphobia.
US state steps in to meet city’s debt cost
FT.com / US / Economy & Fed - US state steps in to meet city’s debt cost
"The state of Pennsylvania has stepped in to help its capital city Harrisburg avoid a default by advancing next year’s state aid so that the money can be used to make a $3.3m bond interest payment due this week.
On Sunday, Ed Rendell, the governor of Pennsylvania, announced a $4.3m cash transfer and said missing the bond payment was “not an option”."
The collapse is coming!
"The state of Pennsylvania has stepped in to help its capital city Harrisburg avoid a default by advancing next year’s state aid so that the money can be used to make a $3.3m bond interest payment due this week.
On Sunday, Ed Rendell, the governor of Pennsylvania, announced a $4.3m cash transfer and said missing the bond payment was “not an option”."
The collapse is coming!
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