Articles Posted by Leisler

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  • Trawling giant shuts down, blames ( Government ) bureaucrats

    04/06/2011 12:58:11 PM PDT · by Leisler · 16 replies
    South Coast Today ( Massachusetts ) ^ | April 06, 201 | DON CUDDY
    A New Bedford fishing company, one of the largest open-sea operations in the U.S., has abruptly closed its doors, claiming it can no longer operate profitably in the face of excessive fishery management regulation. The Northern Pelagic Group, which targets herring and mackerel, has shuttered its well-known plant on Fish Island, laid off all but one of its 120 employees and tied up its two boats, the Northern Explorer and the Dona Martita. "One of the boats is going back to the West Coast, and I don't know what's going to happen to the other one," said Eoin Rochford, NORPEL's...
  • The Fed Bailed Out A Libya-Owned Bank

    03/31/2011 3:35:04 PM PDT · by Leisler · 25 replies
    Zero Hedge ^ | 03/31/2011 | Tyler Durden
    A bank majority owned by the Libya Central Bank, was the direct recipient of US taxpayer largesse in the form of discount window borrowing. Bloomberg writes that Arab Banking Corp., a lender part- owned by the Central Bank of Libya, used a branch in New York to borrow at least $5 billion from the U.S. Federal Reserve as credit markets seized up in 2008 and 2009. Indeed a quick word search through the compiled daily releases will confirm that the Fed dispersed funds to the Libya-owned venture on well over 30 occasions. And while we have querried in the past...
  • The Wall Street-Washington Financial Complex

    03/31/2011 7:16:42 AM PDT · by Leisler · 3 replies
    Daily Capitalist. ^ | April 7th, 2009 | Jeff Harding
    There is a word for this type of cozy arrangement where a business and government elite use their power for mutual benefit. It’s a very common political system that has been used many times in many countries under different names: national corporatism, mercantilism, crony capitalism, oligarchy or plutocracy, dirigisme, and fascism. It isn’t capitalism, the free market, or the libertarian vision set forth in our constitution and Bill of Rights.......... The reason that capitalism works is that it is a system that allows millions of people to act for their own financial benefit without a Gang of Four or a...
  • Martha Coakley( Mass AG ) backs President Obama's law with Mitt Romney's

    03/11/2011 5:50:49 PM PST · by Leisler · 12 replies
    Politico ^ | 3/7/11 | Jennifer Haberkorn
    In a brief filed Monday in the 4th Circuit Court of Appeals, Coakley says the fact that Romney and the Massachusetts Legislature imposed an individual mandate as part of their health care law suggests that Congress had a "rational basis" for imposing a similar mandate in its law. “Obamacare is bad law constitutionally, bad policy, and it is bad for America’s families,” Romney said.
  • For Every Green Job, Four Other are Lost (UK)

    03/11/2011 11:33:57 AM PST · by Leisler · 15 replies ^ | Mar 2nd, 2011 | staff
    A study of renewable energy in Scotland shows that for every job created in the alternative energy sector, almost four jobs are lost in the rest of the economy. We’ve seen this movie before. Not only has the sun set on the British Empire, but the promise of wind apparently is deserting it as well. A new study called “Worth The Candle?” by the consulting firm Verso Economics confirms the experience of Spain and other countries: The creation of “green” jobs destroys other jobs through the diversion of resources and the denial of abundant sources of fossil fuel energy. The...
  • To Surly, With Love: Are Teachers Overpaid?

    03/03/2011 12:28:20 PM PST · by Leisler · 53 replies
    Reason Magazine( Libertarian ) ^ | March 3, 2011 | Nick Gillespie & Meredith Bragg
    Public school teachers are at the forefront of protests against state budget cuts and restrictions on collective bargaining rights in Wisconsin, New Jersey, Ohio, and elsewhere. Teachers have a lot to lose. According to Department of Education statistics, in 2007-2008 (the latest year available), full-time public school teachers across the country made an average of $53,230 in "total school-year and summer earned income." That compares favorably to the $39,690 that private school teachers pulled down. And when it comes to retirement benefits, public school teachers do better than average too. According to EducationNext, government employer contribute the equivalent of 14.6...
  • Romney's past is more a working class zero

    03/01/2011 4:59:36 PM PST · by Leisler · 11 replies
    New York Post ^ | , February 20, 2011 | JOSH KOSMAN
    In August 2002, Dade filed for bankruptcy. This was not an isolated case. * Bain in 1988 put $5 million down to buy Stage Stores, and in the mid-'90s took it public, collecting $100 million from stock offerings. Stage filed for bankruptcy in 2000. * Bain in 1992 bought American Pad & Paper (AMPAD), investing $5 million, and collected $100 million from dividends. The business filed for bankruptcy in 2000. * Bain in 1993 invested $60 million when buying GS Industries, and received $65 million from dividends. GS filed for bankruptcy in 2001. * Bain in 1997 invested $46 million...
  • Wisconsin Capitol protesters( unions ) disrespect the Veterans Memorial

    02/27/2011 6:01:27 AM PST · by Leisler · 14 replies
    YouTube ^ | February 25, 201 | Ann Althouse
    At the Capitol on February 25, 2011, my husband and I confront protesters who are using the Veterans Memorial as a place to tape a lot of signs and pile up their stuff. They say that we are the first people to have a problem with it.
  • Weare police charge ( political activist ) man for recording traffic stop

    02/25/2011 8:17:41 AM PST · by Leisler · 8 replies
    Union Leader ^ | 02/25/2011 | DAN O'BRIEN
    "Alleman said he was followed by a police officer when he left the gathering, attended mostly by members of the libertarian activist group, the Free State Project. Alleman said he supports the group's cause but is not a member......
  • TSA Harasses 9-yo Boy and Other Train Passengers After Their Trip

    02/24/2011 2:51:55 PM PST · by Leisler · 62 replies
    GIZMODO ^ | Feb 23, 2011 | Jesus Diaz
    After going down in a spiral of paranoid stupidity—called out for saving body scan images, ridiculed for patting down an almost-naked woman or nailed for harrassing a kid at airport security—the TSA has reached a new low. It's surreal. Here's what a traveler recorded on February 13, after his train trip to Savannah: The only bad thing on our trip was [the] TSA at the Savannah train station. There were about 14 agents pulling people inside the building and coralling everyone in a roped area after you got off the train. This made no sense! Poor family in front of...
  • New Home Sales Plummet 13% To 284,000 Annualized Rate, 19K Actual Homes Sold Lowest Monthly Ever

    02/24/2011 7:53:35 AM PST · by Leisler · 10 replies
    Zero Hedge ^ | 02/24/2011 | Tyler Durden
    "Sales of new single-family houses in January 2011 were at a seasonally adjusted annual rate of 284,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.6 percent (±11.2%) below the revised December rate of 325,000 and is 18.6 percent (±15.4%) below the January 2010 estimate of 349,000. The median sales price of new houses sold in January 2011 was $230,600; the average sales price was $260,300. The seasonally adjusted estimate of new houses for sale at the end of January was 188,000. This represents a supply of...
  • $450K in sick leave. Massport chief Thomas Kinton to retire, collect.

    02/17/2011 3:36:28 PM PST · by Leisler · 8 replies
    Boston Glop ^ | February 16, 2011 | Michael Levenson and Katie Johnston
    Thomas J. Kinton Jr. will retire as the executive director of the Massachusetts Port Authority in June, Massport said today. The delayed departure will give the board time to find a successor and to allow Kinton to collect hundreds of thousands of dollars in unused sick time. Kinton is 59. The Globe reported last year that Kinton earns a base salary of $295,000 a year. On retirement, Kinton said, he will receive about $450,000 in unused sick leave. He is grandfathered under an old Massport policy that allows employees to receive 100 percent of the cash value of their accumulated...
  • Bernanke to Congress: We're Much Closer to Total Destruction Than You Think

    02/13/2011 3:36:50 PM PST · by Leisler · 72 replies
    CNBC ^ | 9 Feb 2011 | John Carney
    Official Congressional budget estimates understate the peril of rising debt, Fed chair Ben Bernanke told the Budget Committee on Capitol Hill today. Warning that our nation's fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don't confront them, they'll find themselves confronted by them.
  • Number of $100,000 retirees skyrocket in teacher pension system( up 30% per yr )

    02/13/2011 10:00:14 AM PST · by Leisler · 33 replies
    Orange County Register. ^ | 11th, 2011 | BRIAN JOSEPH
    May 2009. Back then there were 3,010 retirees earning $100,000 or more annually from CalSTRS. Earlier this month, the foundation obtained updated data from CalSTRS and the number has grown to 5,308 (5,309 if you count one woman earning $99,998.88). That’s a 76 percent increase. In less than two years. And that’s not all. The foundation, run by President Marcia Fritz, also requested a list of CalSTRS retirees earning $75,000 or more annually. Guess how many CalSTRS pensioners are earning between $75,000 and $99,999.99. 19,503. Combined you’re looking at 24,811 retired California teachers earning more than $75,000.
  • Dozens of U.S. ( Democrat )Cities Lose Half Their Population In A Generation...

    02/09/2011 10:10:39 AM PST · by Leisler · 87 replies · 1+ views
    Manufacturing and Technology News ^ | March 31, 2010 | Richard A. McCormack
    "Dozens of American cities throughout the industrial Great Lakes states and Midwest have lost half of their populations over the course of one generation -- places like Cleveland, Youngstown, Detroit, Warren, Buffalo and Flint. This is the first time that so many cities have lost half of their populations in such a short amount of time since the Plague struck Europe in 1348........."
  • Mass pay at Massport Some parking attendants pull in $100G a year

    02/04/2011 4:54:28 AM PST · by Leisler · 9 replies
    Boston Herald ^ | Thursday, February 3, 2011 - | Joe Dwinell and Hillary Chabot
    Parking lot attendants may be low on the Massport totem poll, but they are among the top paid at the money-burning agency, with 16 garage jockeys taking home upwards of $90,000 last year, a Herald payroll analysis found. Seven overtime-guzzling “parking utility technicians” — all members of Teamsters Local 25 Parking — pocketed a whopping $100,000-plus in pay, records show.....
  • Bank of England chief Mervyn King: standard of living to plunge at fastest rate since 1920s

    01/26/2011 2:12:23 PM PST · by Leisler · 26 replies
    Telegraph( UK ) ^ | 25 Jan 2011 | Robert Winnett
    Families will see their disposable income eaten up as they “pay the inevitable price” for the financial crisis, Mervyn King warned. With wages failing to keep pace with rising inflation, workers’ take- home pay will end the year worth the same as in 2005 — the most prolonged fall in living standards for more than 80 years, he claimed. Mr King issued the warning in a speech in Newcastle upon Tyne after official figures showed that gross domestic product fell by 0.5 per cent during the final three months last year. The Government blamed the unexpected reduction — the first...
  • More Icelandic bankers arrested

    01/22/2011 6:21:38 PM PST · by Leisler · 18 replies · 1+ views
    Ice News ^ | 20 January 2011 | staff
    Iceland’s special prosecutor into the banking crisis has confirmed that raids have taken place today and that arrests have been made. The Central Bank of Iceland is among the institutions under investigation. Special Prosecutor, Olafur Thor Hauksson told that house searches are taking place in at least three places today as part of investigations into the central bank, MP Bank and Straumur Bank......
  • Pet ferret in Missouri chews off seven of sleeping infant's fingers after crawling onto baby seat

    01/20/2011 1:54:09 PM PST · by Leisler · 42 replies
    The Daily News ^ | January 20th 2011 | RICH SCHAPIRO
    A pet ferret chewed off seven of a Missouri infant's fingers, leaving the boy with two thumbs and a pinky. The ferret feasted on the sleeping 4-month-old's hands after it crawled onto his baby seat about 2:30 a.m. on Jan. 10, authorities said. The boy's father rushed into the living room when he heard the screams of his wife, who was sleeping near the baby. The dad grabbed the ferret and hurled it against a dishwasher, killing it instantly. The boy was treated at a local hospital and released four days later, cops said. "He's definitely going to have challenges,"...
  • Mass. ( RomneyCare ) slated to receive over $150 million in additional ( Federal ) Medicaid funding

    01/19/2011 4:34:13 PM PST · by Leisler · 7 replies ^ | January 19, | Donovan Slack
    WASHINGTON -- Massachusetts, under a deal finalized today with the federal government, is slated to receive upwards of $150 million in additional Medicaid funding that will help shore up hospitals that treat many of the state's low-income patients, including Boston Medical Center and Cambridge Health Alliance. The funding comes on top of roughly $300 million that the federal government already agreed to pa.....
  • J. Eric Fuller’s Profile: A few answers and many questions

    01/16/2011 5:18:08 AM PST · by Leisler · 25 replies
    Dakota Voice ^ | January 15th, 2011 | Dr. Theo
    About Me:Non-deep pocket with a lot of heart. Began life as a computer operator, military service leading to non-physical disability, unable to resume career, left main stream and lived in small towns for a decade studying library books and piano, moved into Tucson in 1994 and worked as a Chauffeur for most of 10 years, presented state-wide initiatives at libraries, worked elections, in ’09 worked at the Census Bureau as a field rep and a clerk. Non drinker for one year, non smoker for 40 years.
  • Jared Lee Loughner and the band 'Anti-Flag'

    01/09/2011 3:52:31 PM PST · by Leisler · 14 replies
    Anti-Flag.... ^ | 01/09/2011 | Leisler
    @caitieparker was there anything unusual about him that would give you indication of his state of mind? @antderosa As I knew him he was left wing, quite liberal. & oddly obsessed with the 2012 prophecy. @antderosa he was a pot head & into rock like Hendrix,The Doors, Anti-Flag. I haven't seen him in person since '07 in a sign language class @antderosa He was a political radical & met Giffords once before in '07, asked her a question & he told me she was "stupid & unintelligent"
  • Cities and towns turn to borrowing to cover health care costs( RomneyCare )

    01/06/2011 6:37:52 PM PST · by Leisler · 15 replies
    Boston Herald ^ | Tuesday, January 4, 2011 | Kyle Cheney
    As cities and towns buckle under the weight of rising health care costs, some are looking to the credit card - and Beacon Hill - for short-term help. In the most recent example, Gov. Deval Patrick is weighing a proposal to permit Orange, a western Massachusetts town of fewer than 8,000 residents, to borrow $445,000 to cover health care claims and pay it back over the next five years. The bill, passed by lawmakers last week, would spare Orange further cuts to its $16 million budget, said the town’s state representative, Christopher Donelan. He added that local officials opted to...
  • Good Grief… Leading RNC Candidate’s Law Firm Supports Obamacare – Says It’s Constitutional

    12/30/2010 2:03:16 PM PST · by Leisler · 49 replies · 58+ views
    RightNetWork ^ | Thursday, December 30, 2010 | Jim Hoft
    This will go over well with the conservative base… If you thought the fact that RNC Chair candidate, Maria Cino, was an Obamacare lobbyist was outrageous wait until you hear the latest… The leading candidate in the race – Reince Priebus‘s law firm supports Obamacare and says its constitutional! Yes, you read that correctly. Reince Priebus’s law firm supports Obamacare and says its constitutional. Unbelievable.
  • The Daily Show's John Stewart Takes On Bernanke and Printing Money.

    12/22/2010 5:18:31 PM PST · by Leisler · 8 replies
    Click here or at the link.
  • Rant. Bill Clinton, three term President???

    12/12/2010 3:14:41 AM PST · by Leisler · 20 replies
    YouTube ^ | Dec 11, 2010 | bob
    Has Barack Obama given up? I sure HOPE SO!!!Bob rants out Obama/Soetoro as a lazy punk. Click here, or YouTube link.
  • Coffee chain chief supports barista Dutch Bros.’ ... after a fatal shooting

    12/05/2010 10:51:58 AM PST · by Leisler · 41 replies
    Register Guard( Portland, OR ) ^ | Saturday, Dec 4, 2010 | Jack Moran
    The barista who fatally shot a would-be robber at a Dutch Bros. coffee kiosk in Eugene on Nov. 24 broke company rules by taking a gun to work, but that doesn’t mean he won’t be welcomed back if and when he’s ready to return to the job, the company’s top executive said Friday. Travis Boersma, a Grants Pass resident whose drive-through coffee chain includes more than 150 locations in five states, said during a telephone interview that he supports the employee for taking action to defend himself during the robbery attempt. “Under this unique circumstance, the (barista) who went through...
  • Should China Rethink High Speed Rail?( Choo-Choo Alert )

    12/03/2010 7:08:12 AM PST · by Leisler · 14 replies
    The Alantic. ^ | Dec 1 2010, | Megan McArdle
    The Chinese Academy of Sciences (CAS) reported to the State Council recently, urging the large-scale high-speed railway construction projects in China to be re-evaluated. The CAS worries that China may not be able to afford such a large-scale construction of high-speed rail, and such a large scale high-speed rail network may not be practical. The report submitted by the Chinese Academy of Sciences said China's high-speed rail construction has caused debt that has already reached unsustainable levels
  • Paratroopers defeat Taliban in decisive day of battles.( Nice! )

    11/26/2010 6:31:13 PM PST · by Leisler · 43 replies
    Telegraph( UK ) ^ | 26 Nov 2010 | Thomas Harding,
    .....Andrew Wiltshire, 25, one of the Paras in the advance described it like a scene from the wartime drama Band of Brothers. "The blokes were ducking down behind the Mastiffs with rounds coming in hitting the sides. We were trudging through fields trying to keep up with the vehicles with mud clogging our boots. You certainly got an idea what it was like for an infantryman to be following a tank while under fire in World War Two. Either you stay behind it or you get shot." With the Mastiffs ahead of him Lt Whitlam, 25, had to lead his...
  • Mitt’s bad medicine

    11/19/2010 7:52:46 AM PST · by Leisler · 18 replies
    The Boston Herald ^ | Thursday, November 18, 2010 | Michael Graham
    Add another name to the list of Massachusetts conservatives who have signed the ABM Treaty: Anyone But Mitt. Until Mitt Romney admits that his mandate-driven, big-government Romneycare was a mistake, I will be supporting any viable GOP candidate running against him in 2012. And I’ll be urging my fellow New England Republicans - including my many friends in New Hampshire - to do the same.......
  • GovLoop - Social Network for Government Workers.

    10/26/2010 5:59:21 AM PDT · by Leisler · 5 replies
    GovLoop ^ | NA | staff
    35,000+ Members
  • Boondoggle in the Motor City: Detroit's Train to Nowhere ( Choo-choo! )

    10/17/2010 6:18:36 AM PDT · by Leisler · 88 replies
    Reason ^ | Oct 13, 2010 | Reason
    Youtube link.
  • Peter Foster: The growing fallout of the shale revolution

    10/09/2010 5:20:11 PM PDT · by Leisler · 31 replies
    Financial Post ^ | October 8, 2010 | Peter Foster
    The Marcellus shale field alone, in New York and Pennsylvania, has been estimated to be worth as much as US$2-trillion. The American Petroleum Institute has calculated that it could support 280,000 jobs. In Quebec, a report this week suggested that the industry could create almost 5,000 jobs a year for the next 10 years. So much for running out of hydrocarbons. Another sure sign that shale gas has great potential is that environmental activists are trying hard to close it down (or at least use it as a new source of fundraising). At the World Energy Congress, protestors covered in...
  • Conservatives and RomneyCare

    10/06/2010 5:55:18 PM PDT · by Leisler · 17 replies · 1+ views
    American Spectator ^ | 10.6.10 | Philip Klein
    Piggybacking off of this Politico article on conservatives attacking RomneyCare, Jon Chait asks why in 2008, "nearly all (conservatives) were fine with Romney's health care plan." If you were reading the National Review -- which had a soft spot for Mitt -- I can see why you would have that impression, but the reality is a lot more complicated. For starters, there were a lot of conservatives who did raise issues about his health care plan, and we published a lot of them here at the Spectator. I was a frequent critic of both Romney and his health care plan,...
  • Report from Japan.( Choo-choo News Alert )

    10/06/2010 9:25:19 AM PDT · by Leisler · 11 replies
    Antiplanner ^ | Ocotober 6th, 2010 | Randal O'Toole
    On Monday, the Antiplanner rode a high-speed train from Tokyo to Nagano, probably the most expensive high-speed rail route in the world. According to one source, it cost more than half a billion dollars per mile in 1997 dollars, no doubt because much of the route is in tunnels. The train I was on was practically empty, and I understand that is the usual condition.......
  • ADP Employment Down 39,000.

    10/06/2010 6:06:18 AM PDT · by Leisler · 4 replies
    ADP ^ | Wednesday, October 6, 2010 | ADP( Payroll company )
    Private-sector employment decreased by 39,000 from August to September on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from July to August was revised up from the previously reported decline of 10,000 to an increase of 10,000. The decline in private employment in September confirms a pause in the economic recovery already evident in other data. A deceleration of employment occurred in all the major sectors shown in The ADP Report and for all sizes of payroll. The September decline in employment followed seven monthly increases from February through...
  • Mules Jack and Jill 
run up $78,000 bill.

    10/04/2010 8:23:58 AM PDT · by Leisler · 6 replies
    Atlanta Constipation ^ | Sunday, October 3, 2010 | Tim Eberly
    Cobb taxpayers have footed the bill for $78,000 on the mules in the past year — including purchase price, a caretaker, food and other expenses. With the cost rising, the county has been trying to sell the mules since June but has not found a buyer. The problems don’t surprise the Alabama farmer who sold the animals to Cobb officials. “Most of that bunch, you know, they didn’t know a mule from a donkey,” said Terry LeDuke of Vincent, Ala.
  • Reusable Grocery Bags Breed Bacteria Tests Confirm Risk Of Illness( Eco Alert! )

    10/03/2010 9:42:26 AM PDT · by Leisler · 85 replies
    Channel 7, Denver ^ | September 27, 2010 | Theresa Marchetta, Call7 Investigator
    DENVER -- They are good for the environment, but reusable grocery bags are also a breeding ground for bacteria. Many responsible shoppers carefully choose their groceries and put them into the same cloth or plastic bags over and over again on every trip to the store. “Did you ever wash your grocery bags?” asked Call7 Investigator Theresa Marchetta. “Um, no! I never wash my plastic bags or my paper bags," responded a 7NEWS colleague. Marchetta could not find anyone who regularly cleaned their reusable bags. “Do you ever think to wash the bags?” Marchetta asked another colleague. “No. Not really,”...
  • Gates Fears Wider Gap Between Country and Military

    10/01/2010 7:27:57 AM PDT · by Leisler · 48 replies · 1+ views
    DURHAM, N.C. — The United States is at risk of developing a cadre of military leaders who are cut off politically, culturally and geographically from the population they are sworn to protect, Defense Secretary Robert M. Gates told an audience at Duke University on Wednesday night. In a speech aimed at addressing what he sees as a growing disconnect between the country as a whole and the relatively few who fight its wars, Mr. Gates said that although veterans from Iraq and Afghanistan were embraced when they came home, “for most Americans the wars remain an abstraction — a distant...
  • $9 Billion Subway-to-Sea Rip-off.( Choo-choo alert! )

    09/27/2010 3:57:57 AM PDT · by Leisler · 35 replies
    L.A. Weekly ^ | Sep 23 2010 | Patrick Range McDonald
    When USC professor and transportation expert James Moore heard the findings several days ago that the $9 billion Subway to the Sea won't relieve congestion on the Westside, as vowed by Antonio Villaraigosa, Moore was among a number of transportation insiders who wasn't stunned. "I didn't need an Environmental Impact Report to know that," says Moore, iconoclastic director of transportation engineering at USC, referring to an environmental study by the Metropolitan Transportation Authority. Moore says the truth about how Metro plans to use up to $9 billion in sales taxes being paid by 8 million consumers in Los Angeles County...
  • High-Speed Rail Stalls( Choo-choo Alert! )

    09/22/2010 11:16:54 AM PDT · by Leisler · 34 replies
    Opposition from freight railroads is threatening the Obama administration's multibillion-dollar push to make high-speed passenger trains an integral part of the U.S. transportation network. The standoff demonstrates the difficulties of introducing new passenger service to a rail network that is at least 90% owned by freight railroads and outfitted for slower trains. To save time and money, government officials want new high-speed rail routes to operate on the vast system of train corridors that already crisscross the U.S., unlike European and Asian countries that have built dedicated tracks for high-speed rail. But Norfolk Southern Corp., Union Pacific Corp. and other...
  • Working Stiffed( Nevada Union goes for lowest price labor. Outsources. )

    09/22/2010 8:40:22 AM PDT · by Leisler · 4 replies
    The Daily Show with Jon Stewart ^ | September 20, 2010 | Daily Show Staff
    Working Stiffed The UFCW( United Food and Commercial Workers. Local 711 ) of Nevada pays temporary workers minimum wage to demand fair treatment and wages from Wal-Mart.
  • Real Estate Time Bomb. Title of Foreclosed Properties Clouded. Dumping Risk on Hapless Buyers

    09/21/2010 8:27:51 AM PDT · by Leisler · 16 replies
    Naked Capitalism ^ | September 18, 2010 | Yves Smith
    Another ticking time bomb in the realm of real estate bad behavior is bound to go off sooner rather than later, and it is likely to impede normalization of values of residential property. As readers no doubt know, there is a lot of actual and shadow residential real estate inventory in the US. The time from serious delinquency to foreclosure has lengthened considerably, due not just to crowded court dockets, but also bank/servicer disinclination to take possession (reasons include that investors take a dim view of bank real estate holdings; the bank is liable for expenses, most important real estate...
  • The Raw Deal. A review of The Forgotten Man: A New History of the Great Depression, by Amity Shlaes

    09/17/2010 3:43:49 PM PDT · by Leisler · 22 replies
    The Claremont Instiute ^ | January 14, 2008 | Jonah Goldberg
    Industry leaders were desperate to be inside the tent, carving up the pie, and they were happy to prostitute themselves to the government as the price of admission. These supposed champions of the free market implored FDR to repeal anti-trust rules in the spirit of "cooperation." Henry I. Harriman, the retiring president of the U.S. Chamber of Commerce, and H.P. Kendall, Chairman of the Business Advisory Council, were New Deal yes-men. "We are here to uphold the president's hand in the fight against the Depression," Kendall declared. Shlaes does not mention Gerald Swope, the General Electric CEO who proposed a...
  • Romney( Ma, Ut, NH, Mi, Ca ) speaks at N.H. G.O.P. event

    09/12/2010 3:47:14 AM PDT · by Leisler · 25 replies
    Laconia Citizen ( NH ) ^ | September 12, 2010 | AARON SANBORN
    "He said it doesn't matter who wins Tuesday, the party needs to get behind those candidates because that's the only way they'll win in November.
  • Burger King Is Re-Deploying to Afghanistan!

    09/10/2010 4:13:18 PM PDT · by Leisler · 10 replies
    Gawker ^ | 09/10/2010 | Adrian Chen
    Seven months ago, then-Gen. Stanley McChrystal closed the fast food outlets at large U.S. military bases in Afghanistan due to 'space issues' and because they were contributing to an 'amusement park' atmosphere. They're coming back! The Stars and Stripes reports that the change reflects both an increase in logistical capabilities in Afghanistan and a new, (relatively) fun-filled attitude towards our country's grimmest intractable conflict. Or as one officer put it: "For troops to be able to go and grab a burger or a piece of chicken or whatever, I don't really think it's that bad." It always seemed like a...
  • How to Think About Rail Investment in the U.S.

    09/10/2010 2:24:42 PM PDT · by Leisler · 24 replies
    National Review ^ | July 26, 2010 | Reihan Salam
    Phil Longman has described the federal government’s role in the turnaround while The Economist emphasizes, correctly in my view, the role of deregulation: Giving the railroads the freedom to run their business as they saw fit led to dramatic improvements. The first result was a sharp rise in traffic and productivity and fall in freight costs. Since 1981 productivity has risen by 172%, after years of stagnation. Adjusted for inflation, rates are down by 55% since 1981 (see chart 1). Rail’s share of the freight market, measured in ton-miles, has risen steadily to 43%—about the highest in any rich country....
  • Dear alma mater: I can't pay

    09/09/2010 10:00:59 AM PDT · by Leisler · 22 replies
    Times Union ^ | September 8, 2010 | RICK KARLIN
    ALBANY -- At New York's colleges and universities, the arrival of a new school year brings anticipation tinged with anxiety. For many students, the second emotion is prompted by one nagging question: How am I going to pay for this? Many of them won't be able to find an answer. The Higher Education Services Corp., which services and collects federally backed college loans in New York, has almost $2 billion worth of defaulted debt on its hands.
  • Romney( Ma.,N.H.,Ut.,Mi.,Ca. ) Is Down-Sizing His Reputation For Integrity.

    09/08/2010 11:47:17 PM PDT · by Leisler · 10 replies · 1+ views ^ | Sep. 8, 2010, | Todd Domke
    Former Gov. Mitt Romney is down-sizing his stake in Massachusetts. He sold his Belmont mansion and bought a townhouse in a condo development. And now he more often resides in his $12 million mansion in La Jolla, Calif., or his $10 million house on Lake Winnipesaukee in New Hampshire. Ever since Romney won just 51 percent in the Massachusetts GOP presidential primary, he has seemed less enamored with this state. And as a GOP presidential candidate for 2012, he apparently wants to distance himself from so-called RomneyCare, the Massachusetts health insurance program that became a model for so-called ObamaCare, the...
  • Productivity gains -however measurable- must be passed onto those being productive

    08/29/2010 5:24:17 AM PDT · by Leisler · 40 replies
    Comment/Market Ticker ^ | 08/28/2010 | Throxxofvron
    Greater profitability realization through increases in Productivity ONLY has a net positive effect upon the Society if the profits realized through productivity gains are equally distributed to all Persons making those gains. In ALL cases otherwise the Productive are merely being robbed of their increased input and there is NO Societal value being transmitted for the increased productive efforts. Unless higher productivity is rewarded there are in fact Negative Societal consequences that will eventually become realized. When the productive Class concludes that there is NO amount of enhanced productivity that will result in a higher standard of living it will...