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  • The MSM Much More Understanding of Corruption When It Involves Democrats

    12/20/2008 6:25:23 AM PST · by moneyrunner · 7 replies · 471+ views
    The Virginian ^ | 12/20/2008 | Moneyrunner
    Some of these quotes minimizing Chicago corruption are jaw-dropping. Especially given the media's conniptions about the so-called "Republican Culture of Corruption." (And bear in mind -- Republicans have institutional corruption; Democrats merely have a few bad apples who strayed from the One True Faith.) Here's David Gregory, urging us all to take chill-pill about government corruption, and stop being such babies about it: "(A)t the heart of all politics is pay to play. Yes. There's a thin line between expectations and shakedown. But do any of us really believe that the people who raise huge sums of money for a...
  • Time for a Real World, Look at the Incoming Obama Cabinet

    12/20/2008 6:25:04 AM PST · by PlainOleAmerican · 12 replies · 951+ views
    Right Side News ^ | December 19, 2008 | JB Williams
    According to the Obama-mania press, Obama is surrounding himself with a bi-partisan cabinet full of intellectual giants with a hundred years in collective expertise unlike any other in human history. What cabinet selections are they looking at? The selections I'm looking at seem more like a third Clinton administration full of the same old Clinton cronies from the 1990s, plus a few token political hacks that made the election of the most unlikely leader in U.S. history possible. Political debts are often repaid by way of political appointments and Democrats have clearly mastered the art. But what does this mean...
  • S&P downgrades 11 of world’s top banks

    12/20/2008 6:25:02 AM PST · by ConservativeMind · 37 replies · 1,075+ views
    Financial Times ^ | Dec. 19, 2008 | Jane Croft and Greg Farrell
    Eleven of the world’s biggest banks were downgraded Friday by Standard & Poor’s after the ratings agency said the current downturn could be longer and deeper than previously thought. Six major US banks were downgraded, including JPMorgan Chase, Bank of America and Wells Fargo, as well as five banks in Europe. The agency cut its ratings on Citigroup, Morgan Stanley and Goldman Sachs by two notches each. In Europe, S&P shaved one notch off the ratings of Barclays, Credit Suisse, Deutsche Bank, Royal Bank of Scotland and UBS. While the downgrades were driven in part by the worsening economic climate...
  • NY state loses tax revs on skipped Goldman bonuses($178m)

    12/20/2008 6:21:12 AM PST · by TigerLikesRooster · 30 replies · 972+ views
    Reuters ^ | 12/19/08 | Joan Gralla
    NY state loses tax revs on skipped Goldman bonuses By Joan Gralla Fri Dec 19, 5:50 pm ET NEW YORK (Reuters) – New York lost $178 million in tax revenues because six top Goldman Sachs executives decided to skip bonuses, New York Gov. David Paterson said on Friday, underscoring the budget pain inflicted by Wall Street's troubles. The financial sector is the bedrock of New York's economy and it usually pays the state 30 percent of all its tax revenues in the January to March quarter, Paterson said in a telephone call with reporters. The heavy share of taxes paid...
  • Departures: Notable deaths of 2008

    12/20/2008 6:18:26 AM PST · by rhema · 53 replies · 2,200+ views
    WORLD ^ | December 27, 2008 | Edward E. Plowman and Kristin Chapman
    Edie Adams, 81, Oct. 15—blonde beauty who won a Tony Award for bringing Daisy Mae to life on Broadway. Philip Agee, 72, Jan. 7—unprosecuted former CIA officer who turned against the intelligence agency and exposed many undercover agents overseas, prompting Congress in 1982 to pass a law against exposing covert U.S. operatives. Alexy II, 79, Dec. 2—Patriarch (head archbishop) since 1990 of the Russian Orthodox Church, which claims more than 100 million adherents as the world's largest Orthodox body. Sandy Allen, 53, Aug. 13—Guinness-recognized world's tallest female (from Indiana) at 7 feet, 7 inches. Eddy Arnold, 89, May 8—country singer...
  • Why Is Everyone Panicking In Washington?

    12/20/2008 6:00:38 AM PST · by ChessExpert · 30 replies · 1,165+ views
    Human Events ^ | 12/19/2008 | Mark Skousen
    I've abandoned free-market principles to save the free-market system. ~ George W. Bush, 2008 Stop the presses: Keynes has dethroned Adam Smith on top of the Totem Pole of Economics. To commemorate my book The Big Three in Economics, I commissioned a Florida woodcarver to make the Totem Pole of Economics. Being a free-market economist, I put Adam Smith on top (representing laissez-faire capitalism), followed by John Maynard Keynes (symbolizing big government and the welfare state), and left Karl Marx (advocating totalitarian central planning) as low man on the totem pole.
  • Vatican attacks TV station over decision to cut Pope's Christmas Eve mass

    12/20/2008 5:56:01 AM PST · by NYer · 21 replies · 771+ views
    Times Online ^ | December 19, 2008 | Richard Owen
    The Vatican has attacked a decision by the French television channel TF1 to broadcast a comedy show and a concert this year instead of the Pope's Christmas Eve mass as "a sign of superficiality" Father Federico Lombardi, the Vatican spokesman, said the move was "not a positive sign". It showed a lack of sensitivity towards the "the culture and religious traditions of a vast part of France". Pope Benedict XVI visited France, which has 35 million baptised Catholics, in September, and held talks with President Sarkozy. He said then that "What gave Europe's culture its foundation — the search for...
  • Mark Steyn: We're in the fast lane to Bailoutistan

    12/20/2008 5:55:36 AM PST · by tips up · 76 replies · 3,497+ views
    Orange County Register ^ | 12/19/08 | Mark Steyn
    General Motors now has a market valuation about a third of Bed, Bath & Beyond, and no one says your Swash 700 Elongated Biscuit Toilet Seat Bidet is too big to fail. GM has a market capitalization of about $2.4 billion. For purposes of comparison, Toyota's market cap is $100 billion and change (the change being bigger than the whole of GM). General Motors, like the other two geezers of the Old Three, is a vast retirement home with a small money-losing auto subsidiary. The UAW is AARP in an Edsel: It has three times as many retirees and widows...
  • Media's Gas Price Crystal Ball is Murky

    12/20/2008 5:55:23 AM PST · by moneyrunner · 7 replies · 368+ views
    The Virginian ^ | 12/20/2008 | Moneyrunner
    Dan Gainor at notes that the media was not only wrong about their gas price predictions, but they were wrong more often than if they had flipped a coin. The predictions were consistently wrong. ABC, NBC and CBS, who can seldom get current events correct, are even worse guessing future news. In fact, for most of 2008, network news stories that predicted oil or gas prices were wrong nearly two-thirds of the time (63 percent). Two-thirds? You’d be better off flipping a coin or even counting on an NFL referee. Not one network report had guessed that gas would...

    12/20/2008 5:52:47 AM PST · by moneyrunner · 15 replies · 620+ views
    The Virginian/Drudge ^ | 12/20/2008 | Moneyrunner/Drudge
    Powerful winter storm cuts power, disrupts travel... Races from Midwest to Northeast... WATCH: NYC May Get 8 Inches... CHICAGO: Do Not Drive, Public Told... BOSTON: State Workers Kept Home...
  • Mo. begins prosecuting under cyberbullying law

    12/20/2008 5:51:27 AM PST · by MaestroLC · 13 replies · 498+ views
    Fox News/AP ^ | Saturday, December 20, 2008 | BETSY TAYLOR
    ST. LOUIS — A 21-year-old woman accused of sending a vulgar text message to a 17-year-old girl is one of the first cases brought under a law against cyberbullying spurred by the suicide of a teenage girl following cruel messages on the Internet. The 2006 death of 13-year-old Megan Meier prompted Missouri lawmakers to update state harassment law earlier this year so that it now covers bullying and stalking done through electronic media, like e-mails or text messages. A handful of cases related to electronic communication have been filed statewide since the law took effect Aug. 28. Prosecutors do not...
  • Chicago Aldermen and Police Seize Portrait That Blacks Deem Offensive (1988)

    12/20/2008 5:48:55 AM PST · by radar101 · 87 replies · 5,231+ views
    N Y Times ^ | May 13, 1988 | WILLIAM E. SCHMIDT,
    Like several other aldermen here, Allan Streeter was incensed when he learned that a portrait of the late Mayor Harold Washington, depicted in frilly lingerie, was hanging among an exhibition of student works at the School of the Art Institute of Chicago. So Mr. Streeter and several other black alderman, accompanied by police officers, marched into the museum's annex Wednesday evening and, over the protests of students who tried to block their way, took down the portrait of the city's first black Mayor, wrapped it in brown paper and removed it from the building. ''I would have gone to jail...
  • Sacrificial Love: The Christmas Gift that Keeps On Giving

    12/20/2008 5:40:38 AM PST · by Kaslin · 5 replies · 410+ views ^ | December 20, 2008 | Marvin Olasky
    What a good year 2008 has been, personally. This spring the sudden need for a double bypass surprised me. This fall the sudden drop of my modest life's savings by 25 percent surprised me. Neither was pleasant at the time, but since our purpose in life is to learn to trust God more, what's the value of pressure to trust God? Priceless. I don't know whether it's a macho or reverse-macho thing, but at many recent New York gatherings middle-aged guys have been comparing what they've lost through the stock plummet and related difficulties. If you've lost a higher percentage...
  • Canadian PM Faces Test Of Conservatism With "Big Three" Bailout

    12/20/2008 5:34:35 AM PST · by Kaslin · 1 replies · 339+ views ^ | December 19, 2008 | Rachel Marsden
    The world needs a new conservative leader. Almost unfathomably, its best hope is now a quiet, steely Canadian. And he’s currently teetering on the brink where every other conservative leader has folded. Only a couple of weeks ago, Canada’s Conservative government was headed for defeat because of its steadfast opposition to rewarding epic failures with cash prizes -- more commonly known as “bailouts”. Canadian Prime Minister Stephen Harper adjourned parliament a couple of weeks ago to preempt a political coup by opposition Liberals and their separatist and socialist comrades. They were upset that Harper slammed the treasury’s till shut on...
  • Planned Parenthood Staffer in Video Resigns ( Update )

    12/20/2008 5:26:08 AM PST · by GonzoII · 9 replies · 823+ views
    AP Via ^ | Saturday, December 20, 2008
    INDIANAPOLIS — A Planned Parenthood of Indiana counselor has resigned after an undercover video showed her telling a woman posing as a 13-year-old that she didn't care about the age of the man who impregnated her, the group said Friday.
  • Madoff casts shadow over Rolex as chief executive Patrick Heiniger quits($900bn loss?)

    12/20/2008 5:25:09 AM PST · by TigerLikesRooster · 40 replies · 1,819+ views
    Times of London ^ | 12/20/08 | Marcus Leroux
    December 20, 2008 Madoff casts shadow over Rolex as chief executive Patrick Heiniger quits Marcus Leroux Rolex Group announced only its fourth leader since 1905 yesterday after the surprise departure of its chief executive, when it named Bruno Meier, the finance director, as the next head of management. The abrupt departure of Patrick Heiniger, for “personal reasons”, followed a denial by the company that it had lost SwFr1 billion (Ł600 million) invested with Bernard Madoff, the American asset manager charged with a $50 billion (Ł33 billion) fraud. Mr Heiniger, 58, has led the group since 1992, when he succeeded his...
  • Why Christmas Matters

    12/20/2008 5:24:14 AM PST · by Kaslin · 7 replies · 605+ views ^ | December 20, 2008 | Bill O'Reilly
    In 1870, President Grant signed a law making Christmas Day a federal holiday, a national day of celebration. Congress overwhelmingly voted to make that happen, and Grant understood that this was not a trivial gesture. The nation remained deeply divided in the aftermath of the Civil War, and the federal government was looking for ways to reunite the people. Since Christmas was loved by almost everyone, the national holiday became a symbol of healing and unity. Now America is divided again, this time over social behavior. Traditional Americans want to hold on to the beliefs and institutions that, they believe,...
  • Hedge funds gain access to $200bn Fed aid

    12/20/2008 5:15:56 AM PST · by TigerLikesRooster · 56 replies · 940+ views
    FT ^ | 12/20/08 | Krishna Guha
    Hedge funds gain access to $200bn Fed aid By Krishna Guha in Washington Published: December 20 2008 05:01 | Last updated: December 20 2008 05:01 Hedge funds will be allowed to borrow from the Federal Reserve for the first time under a landmark $200bn programme intended to support consumer credit. The Fed said on Friday it would offer low-cost three-year funding to any US company investing in securitised consumer loans under the Term Asset-backed Securities Loan Facility (TALF). This includes hedge funds, which have never been able to borrow from the US central bank before, although the Fed may not...
  • Annoying ordinance passed in Brighton

    12/20/2008 5:08:22 AM PST · by Past Your Eyes · 60 replies · 1,312+ views
    Livingston Daily ^ | December 19, 2008 | Jim Totten
    Don’t annoy someone in Brighton city or you might get a ticket. The Brighton City Council approved a more stringent code for public conduct, and those who violate the rules – including annoying someone else – could be ticketed and fined. The ordinance was modeled after one in Royal Oak, where Brighton Police Chief Tom Wightman previously was employed. One of the sections reads, “It shall be unlawful for a person to engage in a course of conduct or repeatedly commit acts that alarm or seriously annoy another person and that serve no legitimate purpose.” Another section states, “It shall...
  • New study shows that a cough medicine ingredient could effectively treat prostate cancer

    12/20/2008 4:54:58 AM PST · by decimon · 29 replies · 1,678+ views
    MedInsight Research Institute ^ | Dec. 19, 2008 | Unknown
    Baltimore, MD -- A study published today in the December issue of the European medical journal Anticancer Research demonstrates that an ingredient used in a common cough suppressant may be useful in treating advanced prostate cancer. Researchers found that noscapine, which has been used in cough medication for nearly 50 years, reduced tumor growth in mice by 60% and limited the spread of tumors by 65% without causing harmful side effects. Prostate cancer is the most common cancer among men in the United States. The American Cancer Society estimates that 186,320 men will be diagnosed with prostate cancer in 2008...