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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
    offshoreWIND.biz ^ | 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 Visir.is 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
    Boston.com ^ | 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.....