'No risk' the US will lose its top credit rating, says Treasury's Geithner - The Hill's On The Money
"Treasury Secretary Tim Geithner said Tuesday there is 'no risk' the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to 'negative.'"
Doh!
Saturday, August 06, 2011
Friday, August 05, 2011
Obama Speech - Awkward Silence
Obama Speech - Awkward Silence - Veterans Jobs Mediaite
"a man in the audience took matters into his own hands and shouted “awkward!” at the President."
"a man in the audience took matters into his own hands and shouted “awkward!” at the President."
Decade of Stimulus Yields Nothing but Debt
Decade of Stimulus Yields Nothing but Debt: Caroline Baum - Bloomberg
"Ten years and $8.35 trillion later, what do we have to show for this decade of deficit spending?
A glut of unoccupied homes, unemployment exceeding 9 percent, a stalled economy and a huge mountain of debt.
Real gross domestic product growth averaged 1.6 percent from the first quarter of 2001 through the second quarter of 2011."
"Ten years and $8.35 trillion later, what do we have to show for this decade of deficit spending?
A glut of unoccupied homes, unemployment exceeding 9 percent, a stalled economy and a huge mountain of debt.
Real gross domestic product growth averaged 1.6 percent from the first quarter of 2001 through the second quarter of 2011."
America's 10 sickest housing markets
America's 10 sickest housing markets - Business - Real estate - msnbc.com
"1. Tucson, Ariz.
Homeowner vacancy rates: 6.8 percent (1st)
Rental vacancy rates: 15.9 percent (6th)
Total housing units: 440,909
Unemployment: 7.8 percent
Tucson’s homeowner vacancy rate was 3.2 percent one year ago.
It is now over double that.
The city had a booming residential housing market before the crash.
Since then, demand is so low that median home prices have dropped 18 percent in the past year and 33 percent since 2008.
In addition, the city has among the highest rate of foreclosures in the country."
"1. Tucson, Ariz.
Homeowner vacancy rates: 6.8 percent (1st)
Rental vacancy rates: 15.9 percent (6th)
Total housing units: 440,909
Unemployment: 7.8 percent
Tucson’s homeowner vacancy rate was 3.2 percent one year ago.
It is now over double that.
The city had a booming residential housing market before the crash.
Since then, demand is so low that median home prices have dropped 18 percent in the past year and 33 percent since 2008.
In addition, the city has among the highest rate of foreclosures in the country."
Time to Say It - Double Dip May Be Happening
Time to Say It - Double Dip May Be Happening - NYTimes.com
"It has been three decades since the United States suffered a recession that followed on the heels of the previous one.
But it could be happening again."
NYT throwing in the towel?
How's that hopee changee thing workin' out for you?
"It has been three decades since the United States suffered a recession that followed on the heels of the previous one.
But it could be happening again."
NYT throwing in the towel?
How's that hopee changee thing workin' out for you?
Police Investigating Multiple Beatings Near State Fair Park
Police Investigating Multiple Beatings Near State Fair Park - Milwaukee News Story - WISN Milwaukee
"Milwaukee police said that around 11:10 p.m., squads were sent to the area for reports of battery, fighting and property damage being caused by an unruly crowd of 'hundreds' of people. One officer described it as a 'mob beating.'"
No mention of race here.
I guess we all know what that means.....
"Milwaukee police said that around 11:10 p.m., squads were sent to the area for reports of battery, fighting and property damage being caused by an unruly crowd of 'hundreds' of people. One officer described it as a 'mob beating.'"
No mention of race here.
I guess we all know what that means.....
Tea Party the ultimate winner in debt deal
Tea Party the ultimate winner in debt deal Susan Ferrechio Politics Washington Examiner
"There were historically steep cuts, no tax increases and a commitment to even bigger spending reductions in the near future."
And the American people!
"There were historically steep cuts, no tax increases and a commitment to even bigger spending reductions in the near future."
And the American people!
Thursday, August 04, 2011
Detroit: A pension fantasyland
Detroit: A pension fantasyland « Burypensions Blog
"All the factors remain in place for fiscal collapse and five years from now when Detroit Police and Firemen are told the truth the only difference is that it won’t be in a Central Falls auditorium but in Cobo."
"All the factors remain in place for fiscal collapse and five years from now when Detroit Police and Firemen are told the truth the only difference is that it won’t be in a Central Falls auditorium but in Cobo."
Average Lansing Teacher Missed 3.5 Weeks of School Last Year
Average Lansing Teacher Missed 3.5 Weeks of School Last Year [Michigan Capitol Confidential]
"In the Lansing School District, the average teacher was absent from the classroom for 17.6 days — or three and a half weeks — during the 2010-11 school year"
"In the Lansing School District, the average teacher was absent from the classroom for 17.6 days — or three and a half weeks — during the 2010-11 school year"
Kirk Cousins Kickoff Luncheon Speech
Kirk Cousins Kickoff Luncheon Speech - YouTube
"Michigan State Quarterback Kirk Cousins delivers the speech to represent the players at the 2011 Big Ten Kickoff Luncheon."
A MUST WATCH for all Spartan fans!
This talented young man is wise far beyond his years.
Watch to the end to see his comments about the "privileged".
Moving!
more:
http://espn.go.com/blog/bigten/post/_/id/29900/kirk-cousins-impresses-with-speech
http://diehardsport.com/2011/07/29/kirk-cousins-speec/
"Michigan State Quarterback Kirk Cousins delivers the speech to represent the players at the 2011 Big Ten Kickoff Luncheon."
A MUST WATCH for all Spartan fans!
This talented young man is wise far beyond his years.
Watch to the end to see his comments about the "privileged".
Moving!
more:
http://espn.go.com/blog/bigten/post/_/id/29900/kirk-cousins-impresses-with-speech
http://diehardsport.com/2011/07/29/kirk-cousins-speec/
Follow the money: Bailout tracker
Follow the money: Bailout tracker - CNNMoney.com
"CNNMoney.com's bailout tracker
The government is engaged in a far-reaching - and expensive - effort to rescue the economy.
Here's how you can keep tabs on the bailouts."
"CNNMoney.com's bailout tracker
The government is engaged in a far-reaching - and expensive - effort to rescue the economy.
Here's how you can keep tabs on the bailouts."
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