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  • The First Question.... (Huckabee Spill)

    02/13/2008 5:17:11 AM PST · by IssuesOriented · 21 replies · 45+ views
    Huckabee Campaign | Feb. 12, 2008 | Mike Huckabee
    The first question I am often asked these days is: "Why are you still running for President?" It is because I believe that I am the best candidate to represent you in the fall against the Democrats. Why? Because I have core conservative beliefs that I have never wavered from: I believe in the Human Life Amendment and I will fight for it from Day 1 of my Presidency. I believe in the Marriage Amendment. I believe in massive tax reform and am an advocate of the FairTax. I believe that President Bush's tax cuts should be made permanent. I...
  • Real estate: More price drops, more layoffs

    10/17/2007 6:05:33 AM PDT · by Hydroshock · 8 replies · 300+ views
    <p>BOSTON (CNNMoney.com) -- For those in the real estate industry and for those looking to buy or sell a home, it could take until 2009 to catch a break.</p> <p>That's the forecast from Doug Duncan, chief economist for the Mortgage Bankers Association (MBA), who will present his outlook to an auditorium full of real estate professionals on Wednesday morning.</p>
  • Housing starts, permits plunge

    <p>NEW YORK (CNNMoney.com) -- Builders continued to slam the brakes on new homes in September, as the government's latest reading on the battered market out Wednesday showed housing starts and permits were weaker than expected at levels not seen for more than a decade.</p>
  • Pending home sales at record low

    10/02/2007 7:52:07 AM PDT · by Hydroshock · 14 replies · 260+ views
    <p>NEW YORK (CNNMoney.com) -- The meltdown in the mortgage market in August dried up the supply of buyers for homeowners looking to sell their homes, as an industry group report showed the lowest level of homes under contract on record.</p>
  • California cities fill top 10 foreclosure list

    <p>NEW YORK (CNNMoney.com) -- The binge that many housing markets went on in the early- to mid-2000s is over, and some of the hottest markets like California are now experiencing the worst hangovers.</p> <p>But other areas, especially many that recorded slower home price growth earlier this decade, have seen little increase in foreclosure rates, according to the latest data released Tuesday from RealtyTrac, the online marketer of foreclosure properties.</p>
  • Credit card defaults keep rising, report says

    <p>NEW YORK (CNNMoney.com) -- American consumers are defaulting on their credit cards at a sharply higher rate compared to last year, in what could be another consequence of the recent subprime mortgage market crisis, according to a report published Tuesday.</p>
  • No Savior for Mortgage Biz

    08/28/2007 6:45:15 AM PDT · by Hydroshock · 24 replies · 490+ views
    <p>Waiting to see big banks piling into the mortgage business a la Bank of America (BAC - Cramer's Take - Stockpickr - Rating)? Don't hold your breath.</p> <p>BofA surprised Wall Street last week by making a $2 billion bet on struggling Countrywide (CFC - Cramer's Take - Stockpickr - Rating). The news, announced after the close last Wednesday, gave Countrywide's sinking stock a one-day reprieve.</p>
  • US recession risk highest since 9/11 -- ex-Treasury secretary [OH NO! WE'RE DOOOOOOOMED!!!!]

    WASHINGTON (AFP) - Former US Treasury secretary Larry Summers said Sunday it was too early to declare the financial markets crisis over and said chances had risen sharply of an economic downturn in the United States. ADVERTISEMENT Despite interventions by the US Federal Reserve last week which appeared to reverse heavy selling pressure over the collapsing US housing debt market, Summers said the risk of recession was its highest since the immediate aftermath of the September 11, 2001 attacks. "We certainly saw some repair and some return to normality this week, but I think it would be far premature to...
  • Countrywide CEO sees recession ahead

    08/25/2007 5:59:22 AM PDT · by Hydroshock · 153 replies · 2,205+ views
    <p>NEW YORK (Reuters) - Countrywide Financial Corp Chief Executive Angelo Mozilo said on Thursday the U.S. housing downturn is likely to lead the country into recession, but that the largest U.S. mortgage lender will survive.</p> <p>In an interview, Mozilo also said that to promote liquidity, the U.S. Federal Reserve should cut the rate it charges banks to borrow.</p>
  • Bonds still riding high on credit fears (Depression on Steroids!!)

    NEW YORK (CNNMoney.com) -- Bond remained higher Friday despite a surprisingly strong durables goods reading as credit worries continued to trouble investors. The dollar fell against the euro and the yen. Video More video Luke Newman joins CNN to explain how a private investor can build a balanced portfolio in uncertain times. Play video The 10-year benchmark note gained 8/32, or $2.50 on a $1,000 note, to yield 4.62 percent, down from 4.64 late Thursday. Bond prices and yields move in opposite directions. Bernanke: The un-Greenspan The closely watched three-month Treasury bills, which have been the focus of the market...
  • Homeowner group slams Countrywide

    08/24/2007 6:41:18 AM PDT · by Hydroshock · 49 replies · 1,124+ views
    NEW YORK (CNNMoney.com) -- Countrywide Financial, the nation's biggest home lender and one of those most affected by the subprime mortgage crisis, found itself the target of stinging criticism Thursday from an organization trying to help homeowners in peril. The Neighborhood Assistance Corporation of America said Countrywide (Charts, Fortune 500) was not doing enough to help people who took out subprime adjustable-rate mortgages (ARMs) over the past few years and now may lose their homes. Subprime loans are issued to borrowers with poor credit histories who often lack the funds to make large down payments. Justin Urquhart Stewart of Seven...
  • Rating Firms' Next Subprime Role: Defendant

    As the carcasses of subprime mortgage-backed securities lie rotting on Wall Street, the buzzards are circling heretofore untouchable prey: the rating agencies. Critics say the ratings industry was too late in downgrading mortgage-backed securities, echoing cries after past crises involving Enron, WorldCom and Russian debt, among others. But the current episode comes with a different twist: Rather than merely third-party observers, some sources say Moody's (MCO - Cramer's Take - Stockpickr - Rating), Standard & Poor's and their smaller rival Fitch Ratings played active roles in structuring MBS and related securities. Therefore, they could be deemed underwriters and exposed to...
  • Hedge Funds' World of Hurt

    Remember when Wall Street would obsess over the next leveraged buyout candidate, and hedge fund masters of the universe could raise ungodly war chests with just a handful of phone calls? What a difference a few months make. Lately, hedge fund implosions have replaced the LBO parade as the market's signature event. Investors have seen huge setbacks at funds run by Bear Stearns (BSC - Cramer's Take - Stockpickr - Rating), UBS (UBS - Cramer's Take - Stockpickr - Rating) and Goldman Sachs (GS - Cramer's Take - Stockpickr - Rating), among others, as the credit environment has grown fraught...
  • Subprime may be hitting credit cards, too (Hide under your beds!)

    08/23/2007 1:39:01 PM PDT · by Hydroshock · 80 replies · 2,032+ views
    NEW YORK (CNNMoney.com) -- Fallout from the mortgage mess and lower home prices may have started to creep into the credit card arena, judging from July payments and some initial moves by issuers to tighten the screws on cardholders. After falling for three consecutive months, delinquent payments on credit cards -- defined as more than 30 days late - increased slightly in July, to 4.64 percent from 4.62 percent in June, according to CardWeb.com. A year ago, the delinquency rate was 4.18 percent. The amount of credit card debt consumers are paying off, meanwhile, has fallen. The portion of outstanding...
  • Bloodbath Beckons on Wall Street (Layoffs in big firms)

    Fretting about bonus money is Wall Street's latest fixation, but investment bankers may soon have more pressing worries. September could bring a wave of layoffs as big banks aim to bounce back from the summer's credit market swoon. Mass firings now could help brokerage firms cut costs and show investors they're taking decisive action to compete better in a tough market. It also may have dawned on banking honchos that cutting staff will help preserve whatever's left of their dwindling bonus pools. "I think [bank execs] are thinking, if I cut right now maybe I save some of this bonus,"...
  • Republican hypocrisy spotlighted in latest scandal involving religious leader

    11/03/2006 6:44:11 PM PST · by Extremely Extreme Extremist · 80 replies · 1,653+ views
    CANADIAN PRESS ^ | 03 NOVEMBER 2006 | AP
    NEW YORK (AP) - With the congressional sex scandal still troubling Republicans, one of the United States' top evangelical leaders is now accused of paying for gay sex. Heading into Tuesday's elections, liberals and some conservatives are saying the Republican party that prides itself on family values has a hypocrisy problem. Ted Haggard, a staunch foe of same-sex marriage and occasional participant in White House conference calls, resigned as president of the National Association of Evangelicals and head of his Colorado church following allegations he met monthly with a homosexual prostitute for three years. Haggard denies having sex with the...
  • Foley Story Day 19: CNN’s ‘American Morning’ Devotes Nearly 20 Minutes to Scandal

    10/18/2006 2:00:04 PM PDT · by tobyhill · 35 replies · 1,318+ views
    NewsBusters ^ | 10/18/2006 | Scott Whitlock
    After nearly three weeks of covering every aspect of the Mark Foley scandal, CNN’s "American Morning" still hasn’t tired of the story. Wednesday’s edition of the program featured over 18 minutes of coverage. This encompassed seven full reports on the disgraced Congressman and one anchor read. In contrast, there were no reports on the unfolding controversy of Senate Minority Leader Harry Reid, a Democrat, and his questionable land deal. Additionally, the October 18 "American Morning" featured only two brief anchor reads on a racially charged remark made by Democratic House Minority Whip Steny Hoyer. "American Morning" has actually increased their...
  • Stark Raving Mad Max: Mel Gibson and Anti-Semitism - Left and Right

    08/03/2006 8:18:39 AM PDT · by Zionist Conspirator · 83 replies · 1,138+ views
    I was one of a number of Jewish conservatives who spoke out in defense of Mel Gibson's film "The Passion of The Christ." (See, "More Power To Mel," published on this site and elsewhere) For that, I have no regrets. I believed then - and continue to believe - that "The Passion" is not anti-Semitic. However, based on what followed Gibson's drunk-driving arrest on Friday, I'm convinced that the actor/director himself is an anti-Semite. According to various news reports, when he was arrested by a sheriff's deputy in Malibu for DUI, Gibson was enraged. At one point, he reportedly told...
  • More on Gibson: Should one accept his apology? [FReep this poll]

    08/02/2006 6:24:18 PM PDT · by Alouette · 50 replies · 1,344+ views
    Haaretz ^ | Aug. 2, 2006 | Shmuel Rosner
    What do you think about Mel Gibson's remarks? He is an anti-Semite bigot He represents the view of many others He apologized and should be forgiven He actually has a point Who cares about Gibson?
  • Mel Gibson: Has He Gone Too Far? [Holocaust a 'Numbers Game']

    08/02/2006 4:43:25 PM PDT · by West Coast Conservative · 216 replies · 3,017+ views
    Reader's Digest ^ | August 2, 2006
    When we interviewed Mel Gibson over two years ago for his controversial movie, The Passion of the Christ, we expected to make news. But we didn't know then that what Gibson had to say to us would be just as relevant today. Our interviewer, Peggy Noonan, asked Gibson about his father's rumored doubts about the scope of the Holocaust. Here's how Gibson responded:MEL GIBSON: My dad taught me my faith, and I believe what he taught me. The man never lied to me in his life. He was born in 1918. He lost his mother at two years of age....
  • What's the difference between Terry and Terri?

    07/06/2006 12:39:40 PM PDT · by wagglebee · 103 replies · 2,385+ views
    Townhall.com ^ | 7/6/06 | Terence Jeffrey
    On a July evening 22 years ago, 20-year-old Terry Wallis climbed into a pickup truck with two friends and rode off down a rural Arkansas highway. He never came back -- or, more precisely, he never came back the same. The truck went off a bridge. One of Wallis' friends was uninjured; the other died. Wallis barely made it. First, he was in a coma, then in what doctors called a "vegetative state," and then in what they called a "minimally conscious state." He was paralyzed from the neck down and couldn't talk. His parents assumed legal guardianship from his...
  • Coma Recovery After 19 Years Poses Questions About Terri Schiavo

    07/05/2006 6:14:19 AM PDT · by NYer · 57 replies · 2,331+ views
    LifeSite ^ | July 4, 2006 | Peter J. Smith
    Mountain View, Arkansas, July 4, 2006 (LifeSiteNews.com) – On Monday The Journal of Clinical Investigation published new research on the recovery of a brain damaged man from his 19 years in a minimally conscious state, adding to the growing evidence that those with “hopelessly” severe brain injuries may be able to recuperate with therapy or other kinds of assistance. The Journal’s research focuses on the sudden recovery of Terry Wallis, who experienced a car wreck in 1984 when he was 19 years old. The accident sheared the nerve connections in his brain, putting him in a minimally conscious state (MCS)...
  • "Da Vinci Code" graffiti appears on door of Catholic Church

    06/08/2006 1:44:20 PM PDT · by NYer · 24 replies · 639+ views
    Bozeman Daily Chronicle ^ | June 8, 2006 | Beth Slovic
    A vandal or vandals spray-painted words from "The Da Vinci Code" on the front doors of the Holy Rosary Catholic Church on Main Street late Tuesday night or early Wednesday morning.A groundskeeper at the church discovered the graffiti around 11 a.m. Wednesday and was visibly disheartened.A funeral was scheduled to take place at the church in the afternoon.The message sprayed in black paint read, "So DARK the con of man." That same message is a clue in the plot of "The Da Vinci Code," the best-selling novel by Dan Brown that has been made into a movie.The grafitti also included...
  • Upcoming 'Vanity Fair' Article Raises New Issues About 'DaVinci Code' Author

    06/06/2006 1:51:25 PM PDT · by nickcarraway · 45 replies · 1,196+ views
    Editor & Publisher ^ | June 06, 2006
    Controversy in the press surrounding "Da Vinci Code" author Dan Brown, just beginning to fade, will likely revive later this week when the July issue of Vanity Fair hits the stands. According to an advance copy, the magazine's contributing editor Seth Mnookin alleges -- in a massive article titled "DaVinci Clone?" -- two new instances of possible plagiarism in Brown's past. Two textual analysis experts also tell him they believe Brown borrowed the plot for his book from Lewis Perdue's "Daughter of God." The two libel experts say they are convinced Brown borrowed heavily from the Perdue book, despite Brown's...
  • What Makes The Da Vinci Code Anti-Catholic

    05/27/2006 11:41:01 AM PDT · by Coleus · 29 replies · 800+ views
    via e-mail | 05.26.06 | Deal W. Hudson
    A reader of the Window wrote asking me to explain why I found The Da Vinci Code anti-Catholic. That's a fair question, since as she pointed out, I didn't supply any examples.Anyone doubting my word can consult the film's co-producer, John Calley. He told The New York Times (9/7/2005) that the movie was "conservatively anti-Catholic" but not "destructively so."   I wonder if Mr. Calley sought any expert opinions on what would be destructive to the Church, or if he considered himself qualified to make that call. Why did he reject the request for a disclaimer at the beginning of...
  • Political Betrayal of Allies ( .... A sobering read)

    03/17/2006 4:57:12 AM PST · by IrishMike · 332 replies · 2,484+ views
    ChronWatch ^ | Friday March 17, 2006 | Lee Ellis
    Political Betrayal of Allies ..... A combination of Republicans and Democrats have been able to do what the terrorists could not do; they have convinced many of our allies, especially a strong one in the Middle East, that America cannot be trusted to work closely with them. Our friends have learned that elected members of Congress will betray an ally anytime a poll indicates that people want this to happen whether or not the public actually knows or even understands the true situation. Mob rule is back again. Can our own Bastille Day be far behind? Vive le guillotine!.... And...
  • Vote for Harriet!!!! (The dubious professional distinctions of Harriet Miers.)

    10/27/2005 12:40:24 AM PDT · by Do not dub me shapka broham · 113 replies · 1,495+ views
    Slate Magazine ^ | Tuesday, Oct. 25, 2005 | Mark Obie
    Throughout the public evisceration of Harriet Miers, even her critics have tended to concede one of President Bush's main claims: Miers couldn't have been a complete loser to rise to the top of the bar and of her law firm. Wrong. Mediocrity—that's a better word for it...
  • President Bush has blundered badly with the nomination of Harriet Miers. (Udated)

    10/16/2005 12:08:21 PM PDT · by Westpole · 198 replies · 2,969+ views
    October 16, 2005 | Westpole
    President Bush has blundered badly with the nomination of Harriet Miers. It isn't just the profound split within the Republican Party that is damaging. The presidency itself is weakened because his judgment is now doubted within his own camp. The Democrats always doubted his judgment, indeed his intellect. Now the same doubts are being expressed on the right. What is it about this nomination that can so undermine the presidency? The main problem with Ms. Miers nomination can be summed up simply - she is a "weak sister". People respect bold action even when they don't agree with it. The...
  • George Will "Can This Nomination Be Justified?"

    10/05/2005 6:46:36 AM PDT · by buckeyeblogger · 414 replies · 3,798+ views
    The Washington Post ^ | Wednesday, October 5, 2005 | George F. Will
    ... The crowning absurdity of the president's wallowing in such nonsense is the obvious assumption that the Supreme Court is, like a legislature, an institution of representation. This from a president who, introducing Miers, deplored judges who "legislate from the bench." Minutes after the president announced the nomination of his friend from Texas, another Texas friend, Robert Jordan, former ambassador to Saudi Arabia, was on Fox News proclaiming what he and, no doubt, the White House that probably enlisted him for advocacy, considered glad and relevant tidings: Miers, Jordan said, has been a victim. She has been, he said contentedly,...
  • ‘Why?’ versus ‘How?’ [evolution trial in Dover, PA, end of week one]

    10/01/2005 5:09:16 AM PDT · by PatrickHenry · 263 replies · 3,314+ views
    York Daily Record ^ | 01 October 2005 | LAURI LEBO
    Professor focused on intelligent design as theology, not science, at Dover trial Friday. HARRISBURG — If there is a God, then he could have made the monkey and the human with similar genetic material. In the fifth day of Dover Area School District’s trial over intelligent design, John Haught, a Georgetown University theology professor, agreed that was true. So, the idea that “we came from some monkey or ape is conjecture at this point?” Dover’s lead attorney Richard Thompson asked Haught under cross-examination. Haught disagreed. In a First Amendment battle in U.S. Middle District Court in Harrisburg, the Dover district...
  • Witness: intelligent design has identified God as designer

    09/28/2005 8:56:34 AM PDT · by Crackingham · 211 replies · 2,188+ views
    Supporters of intelligent design argue the concept is not religious because the designer is never identified. But this morning, in the third day of testimony in a federal court case challenging the Dover school district’s inclusion of intelligent design in biology class, an expert for the plaintiffs pointed to examples where its supporters have identified the designer, and the designer is God. Robert Pennock, a Michigan State University professor of the philosophy of science, pointed to a reproduction shown in court of writing by Phillip Johnson, a law professor at the University of California-Berkeley and author of books including “Darwin...
  • Poll: Most doctors (63%) favor evolution theory over I.D. (However, Protestant Doctors...)

    09/29/2005 4:52:20 AM PDT · by gobucks · 38 replies · 921+ views
    Phys Org ^ | 28 September 2005 | Physic
    A national survey of 1,472 physicians indicates more than half -- 63 percent -- believe the theory of evolution over that of intelligent design. The responses were analyzed according to religious affiliation. When asked whether they agree more with intelligent design or evolution, 88 percent of Jewish doctors and 60 percent of Roman Catholic physicians said they agree more with evolution, while 54 percent of Protestant doctors agreed more with intelligent design. When asked whether intelligent design has legitimacy as science, 83 percent of Jewish doctors and 51 percent of Catholic doctors said they believe intelligent design is simply "a...
  • Witness: 'Intelligent Design' doesn't qualify as science [Day 4 of trial in Dover, PA]

    09/29/2005 3:36:00 AM PDT · by PatrickHenry · 560 replies · 7,081+ views
    Sioux City Journal ^ | 29 September 2005 | Staff
    HARRISBURG, Pa. (AP) -- The concept of "intelligent design" is a form of creationism and is not based on scientific method, a professor testified Wednesday in a trial over whether the idea should be taught in public schools. Robert T. Pennock, a professor of science and philosophy at Michigan State University, testified on behalf of families who sued the Dover Area School District. He said supporters of intelligent design don't offer evidence to support their idea. "As scientists go about their business, they follow a method," Pennock said. "Intelligent design wants to reject that and so it doesn't really fall...
  • ZOT!!! O’Reilly hit with suit, troll with lightning.

    02/07/2005 7:20:05 PM PST · by immigrationreformactivist · 123 replies · 4,189+ views
    The Smoking Gun ^ | October 13, 2004 | Smokin Gun
    Based on the extensive quotations cited in the complaint, it appears a safe bet that Mackris, 33, recorded some of O'Reilly's more steamy soliloquies. For example, we direct you to his Caribbean shower fantasies. While we suggest reading the entire document, TSG will point you to interesting sections on a Thailand sex show, Al Franken, and the climax of one August 2004 phone conversation.
  • STILL SLAVES TO THEIR OWN - AMERICA'S BLACK PHARAOHS

    10/30/2004 12:15:26 AM PDT · by MrBallroom · 8 replies · 781+ views
    The American Partisan ^ | Originally 9 October 2000 - Re-run 29 October 2004 | Timothy Rollins
    Still Slaves to Their Own - America's Black Pharaohsby Timothy Rollins Originally run October 9, 2000Re-run October 29, 2004 There are many things I have to wonder about America, and one of them has to be the bloc voting I see in particular groups of Americans. For example, labor unions provide volunteers to work the phone banks for liberal candidates and encourage their rank and file to vote for the candidate the group has endorsed. In many cases, the union members vote for the person, and in some cases, they don’t. After all, this is a free society where we...
  • Washington Post Says CIA Angry Over Talon News 'Leak' Story; Ashcroft Steps Down from Investigation

    12/31/2003 3:45:51 PM PST · by Jeff Gannon · 60 replies · 2,360+ views
    Talon News ^ | December 31, 2003 | Bobby Eberle
    HOUSTON (Talon News) -- The Washington Post reported Friday that according to their sources, the Central Intelligence Agency believes people in the Bush administration are continuing to release classified information to damage figures at the center of the Niger "yellowcake" controversy. According to the Washington Post story, the CIA has alleged that one or more senior administration officials revealed the name of a covert operative to columnist Robert Novak. The complaint has led to an FBI investigation of the White House to determine circumstances surrounding the release of the identity of Valerie Plame to the media. Plame's husband, former Ambassador...
  • Truth, justice and the American way (Hamblin on Limbaugh)

    12/29/2003 7:53:16 AM PST · by mhking · 87 replies · 574+ views
    Denver Post ^ | 12.28.03 | Ken Hamblin
    'The bigger they are, the harder they fall" is an accurate adage, especially as it applies to Rush Limbaugh. Limbaugh, of course, once claimed to be the brightest and the most well-informed where the American body politic is concerned, a conservative political pundit whose views on right, wrong and morality once served as a watermark for the values that helped make this nation great. Now, he has been reduced to asserting before a court of law that he is a victim of blackmail. I find it downright insulting that his attorney, Roy Black, has claimed before the 15th Circuit Court...
  • Republicans look to new Senate leader to help repair Lott damage (WE MUST BE GOOD TO MINORITIES)

    12/23/2002 6:57:59 AM PST · by TLBSHOW · 94 replies · 317+ views
    Associated Press ^ | 12/23/2002 | LEIGH STROPE
    Republicans look to new Senate leader to help repair Lott damage WASHINGTON - Republican senators are gathering by telephone to elect a new leader they hope will help repair the damage that Trent Lott's racially charged remarks have had on the party's efforts to court minority voters. Sen. Bill Frist (news, bio, voting record) of Tennessee, a White House favorite, emerged last week as the clear choice to replace Lott, who resigned from the leadership under pressure Friday. Sen. Chuck Hagel (news, bio, voting record) of Nebraska said Frist would be elected — "I suspect unanimously" — by the 51...
  • Who actually received the most votes in Florida's 2000 presidential election?

    09/04/2002 5:43:28 AM PDT · by do not delete · 99 replies · 2,336+ views
    Tallahassee Democrat ^ | Lance deHaven-Smith
    Al Gore. State election officials ultimately declared George W. Bush the winner by a margin of 537 votes, but during and after the election dispute, questions remained about the uncounted ballots of 175,010 voters, ballots that had been rejected by error-prone tabulating machines employed in many Florida counties. Confusion and conflict, much of it generated by partisan intrigue, prevented these ballots from being counted during the election controversy. However, in 2001 every uncounted ballot was carefully examined in a scientific study by the University of Chicago, which concluded that when all the votes were counted, more votes had been cast...