Articles Posted by newbie2008

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  • DOJ: Murders of School-Age Children Down 42%; Only 1% Take Place at School

    12/18/2012 8:18:20 PM PST · by newbie2008 · 16 replies
    Murders of school-age children---those between the ages of 5 and 18—declined by 42 percent between the 1992-93 school year and the 2008-2009 school year, according to the U.S. Department of Justice, and only about 1 percent of the school age children murdered during the 2008-2009 school year were murdered at school. In February 2012, the Bureau of Justice Statistics published a report—“Indicators of School Crime and Safety: 2011”—that included statistics on homicides committed at schools for the school years from 1992-93 through 2009-2010. The report also included the total number of all school-age children who were murdered at school or...
  • Compliance with ObamaCare Estimated at 80 Million Man-hours

    09/12/2012 10:24:18 PM PDT · by newbie2008 · 1 replies
    The costs associated with the Affordable Care Act (ACA) continue to stack up. According to the Committee on Ways and Means and the IRS, compliance with the new healthcare law will take 80 million man-hours per year. Perhaps that sounds like a successful jobs program, as it will keep 40,000 people fully employed, filling out paperwork and sorting through a confounding pile of government regulations. Only problem is, that work is entirely wasteful and creates zero wealth for America as a whole. It would be better for America and for the 40,000 workers to do something useful, like build the...
  • Record High Correlation Between The Euro And S&P 500 Is A Bad Sign

    10/19/2011 1:52:05 PM PDT · by newbie2008 · 2 replies
    RBC Capital's equity strategist team is concerned that stocks are behaving irrationally. "In our opinion, nothing about the fundamental backdrop has changed since October 3 to account for the ~15% rally. This pop merely underscores the importance of psychology on short time horizons," they said in a report to clients this morning. They note that U.S. markets are increasingly being driven by headlines out of Europe. They point to the record high correlation between the euro and the S&P 500:
  • Littoral Combat Ship Contract Award Announced

    12/29/2010 5:48:49 PM PST · by newbie2008 · 25 replies · 7+ views
    The Navy has awarded Lockheed Martin Corp. and Austal USA each a fixed-price incentive contract for the design and construction of a 10 ship block-buy, for a total of 20 littoral combat ships from fiscal 2010 through fiscal 2015. The amount awarded to Lockheed Martin Corp. for fiscal 2010 littoral combat ships is $436,852,639. The amount awarded to Austal USA for the fiscal 2010 littoral combat ships is $432,069,883. Both contracts also include line items for nine additional ships, subject to Congressional appropriation of each year’s Littoral Combat Ship (LCS) Program requirements. When all 10 ships of each block buy...
  • The Holiday Stimulus Package

    12/26/2010 10:13:31 PM PST · by newbie2008 · 1 replies
    With Christmas each year comes lessons about the role of demand in the economy. Retail sales are typically 15 to 20 percent higher in December than they are in September, October and November, and 30 percent higher than they are in the following January (as averages show for 1939 to 2009). In dollar terms, that means that retail sales rise and fall by roughly $90 billion in a single month. A $90 billion change in spending in a single month is larger than even the American Recovery and Reinvestment Act, the fiscal-stimulus legislation that was increasing federal government spending by...
  • Latvia & Fiscal Austerity

    12/26/2010 8:49:58 PM PST · by newbie2008 · 2 replies
    Leftist blogger Matthew Yglesias express horror at the fact that Klaus Regling, chief executive of the European Financial Stability Facility, held up Latvia as a positive exampel, by pointng out that Latvia has gone through a severe depression. Now, quite clearly, Latvia's performance during the latest 3 years is a dissster. Neither me or Klaus Regling denies that. The point of Regling's statement was instead that Latvia first of all proved all of the people who now considers a massive Greek and Irish (and others) debt writedown inevitable, as those same people usually regarded a Lavian devaluation as inevitable, something...
  • *IRAQ - Basrah Sport City 60% Completion*

    [Kansas City, MO] 360 Architecture has been selected by the government of Iraq to master plan and design a $500 million “sports city” in Basra. The 360-acre project will be developed in phases. The first phase features a 65,000-seat stadium and a 10,000-seat secondary stadium/practice facility designed to FIFA (international soccer) and Olympic (track and field) standards. It also includes four training facilities, athlete housing facilities, a fire station and helipad, among other items. 360 Architecture is teamed on the project with Newport Global Project Management Group and Abdullah Al-Jiburi Contracting Company, Iraq’s largest general contractor. The team won an...
  • U.S. 'Connects The Dots' To Catch Roadside Bombers

    12/13/2010 8:13:18 PM PST · by newbie2008 · 7 replies · 1+ views
    With his doctorate from Princeton, Army Gen. David Petraeus, the U.S. commander in Afghanistan, has become the prime example of a special breed of soldier: the warrior-scholar, trained in history and politics as well as how to fight wars. Now there's a variation on the theme: the warrior mathematician, adept in the complex modeling that has become a key part of military planning. With roadside bombs the leading killer of U.S. troops in Iraq and Afghanistan, military commanders have turned increasingly to the use of social network analysis to identify the key players in the groups responsible for the bombs,...
  • Repealing Obamacare: A Guide for the New Congress

    11/20/2010 6:34:45 PM PST · by newbie2008 · 10 replies · 1+ views
    Americans want health care reform—but not the reforms put in place under the Patient Protection and Affordable Health Care Act (PPACA). The new law moves America’s health care system in the wrong direction, transferring vast powers to Washington bureaucrats who will control the dollars and decisions that should be in the hands of individual patients and their families. It is no surprise that most Americans continue to oppose the new law and that clear majorities want it repealed. A recent Rasmussen poll, for example, found that 53 percent of likely voters favor repeal.[1] Repeal Congress must repeal the new law....
  • C-SPAN calls on GOP to allow its cameras to cover House proceedings

    11/15/2010 10:20:14 AM PST · by newbie2008 · 10 replies
    In January, you sent C-SPAN a letter supporting our request for televised access to the health care negotiations in which you wrote, “Every issue of national import should be debated by the people’s elected representatives in full public view.” You further wrote, “Republicans have listened to the American people and are committed to making Congress more accountable to the people it serves.” Currently, House floor debates are not in full public view because private news media cameras are still not permitted in the House chamber. Rules established when the House installed its TV cameras in 1979 restrict congressional camera operators...
  • Korea: Too Green for Democrats

    11/14/2010 9:06:01 AM PST · by newbie2008 · 1 replies
    The Bush administration negotiated and signed a free-trade agreement with South Korea in 2007, but enough members of Congress found the deal unacceptable that it was never ratified. For years it gathered dust as Candidate and then President Obama paid lip service to the idea of renegotiating it, all the while claiming to share his colleagues’ concern that it did not do enough to open Korea’s markets to U.S. automobiles and U.S. beef. He announced the goal of having a new deal negotiated and signed by this month’s G-20 summit, now under way in Seoul. You might have heard that...
  • The Free Banking Alternative

    11/05/2010 12:32:02 PM PDT · by newbie2008 · 3 replies
    On March 31, 1980, a major piece of legislation was passed by Congress to deregulate commercial banks and other deposit-type financial institutions. This deregulation took the form of phasing out interest rate ceilings on various types of time deposits and of extending the type of assets thrift institutions were authorized to hold. However, this act took three steps in the opposite direction: it required all banks, member and non-member, and all thrift institutions offering checkable deposits to hold the same percentage of these checkable deposits as non-interest reserves, either in vault cash or on deposit with the Federal Reserve; it...
  • Israel to get its own ‘Tea Party’ movement

    10/26/2010 8:12:22 PM PDT · by newbie2008 · 8 replies
    Move over America. Israel is joining the tea party. A new grassroots effort is beginning that is modeled after the American conservative social movement. The Israeli version promises to be just as patriotic, just as provocative and just as antagonistic to US President Barack Obama. RELATED: 'Tea Party’s Christian ties will alienate Jewish voters' America: Anyone for a tea party? The movement will hold its opening rally on Sunday night at the Zionist Organization of America House in Tel Aviv under the banner “Saying no to Obama.” The immediate goal of the movement will be to pressure Prime Minister Binyamin...
  • M2Zs Free, Wireless Nationwide Broadband Plan Killed: Thank the FCC

    09/02/2010 9:33:28 AM PDT · by newbie2008 · 11 replies
    Despite a seemingly stout business plan, and all the financial, social and educational benefits it would bring, the FCC's just turned down M2Z's application for a coast-to-coast free wireless broadband system. The FCC did not elaborate on why it turned down a plan from a new company called M2Z which would've created a U.S.-wide, free wireless broadband network. M2Z's trick was going to be to use a spare bit of the radio spectrum, the 2GHz "AWS-3" band, and earn itself cash by embedding ads in its free Net service as well as licensing out part of the spectrum it would...
  • I Think I See What Glenn Beck is Doing

    09/01/2010 3:20:06 PM PDT · by newbie2008 · 81 replies
    The Glenn Beck rally is confusing people. Why? He is aiming far beyond what most people consider to be the goalposts. Using Boyd’s continuum for war: Material, Intellectual, Moral. Analogously for political change: Elections, Institutions, Culture. Beck sees correctly that the Conservative movement had only limited success because it was good at level 1, for a while, weak on level 2, and barely touched level 3. Talk Radio and the Tea Party are level 3 phenomena, popular outbreaks, which are blowing back into politics. Someone who asks what the rally has to do with the 2010 election is missing the...
  • Were America’s Founding Fathers Wrong for Advocating Death for QE Measures?

    08/10/2010 11:42:48 PM PDT · by newbie2008 · 18 replies
    n light of the US Central Bank’s (I refuse to use their misleading self-anointed US Federal Reserve moniker) most recent grandstanding policy decision that has been referred to as "QE light" that precedes the inevitable QE2 launch sometime in the not so distant future, I present an open challenge to Paul Krugman and all like minded economists, Nobel prize winning or not, that support the monetary policy of dollar debasement. This will be a straightforward challenge issued by our Founding Fathers, in particular the first US Treasury Secretary, Alexander Hamilton, who scripted the US Coinage Act of 1792. The one...
  • Here's How BP Plans To Grab A $10 Billion US Tax Credit

    07/27/2010 9:32:19 PM PDT · by newbie2008 · 11 replies · 1+ views
    The intention of the tax code is to encourage investments and to help companies even out profit and loss, along with the associated taxes. Lawmakers just forgot to incorporate a rider clause for public safety and/or environmental damage related expense. The tax credit, if claimed, could mean $10 billion of the Gulf aftermath costs would come out of taxpayers’ pocket. This could potentially be quite an embarrassment for the Administration as President Obama vowed that BP will "pay every dime owed" for the spill damage.
  • Canada Recovers Almost All Jobs Lost in Recession

    07/25/2010 7:24:45 AM PDT · by newbie2008 · 25 replies
    "Employment rose by 93,000 in June, pushing the unemployment rate down 0.2 percentage points to 7.9%. This is the first time the rate has been below the 8% mark since January 2009. Employment has been on an upward trend since July 2009, increasing by 403,000 (+2.4%). These gains offset nearly all the employment losses observed during the labour market downturn which began in the fall of 2008. The June unemployment rate, however, remained well above the October 2008 rate of 6.2%, due to a large increase in the number of people in the labour force over this period."
  • Obama misses self-imposed deadline for withdrawal of US troops from Iraq

    05/21/2010 10:03:37 PM PDT · by newbie2008 · 21 replies · 597+ views
    As this video shows, Obama promised during the campaign that on his first day in office he would initiate a draw down of US troops from Iraq, with all troops gone within 16 months of his first term. Those 16 months ended today.
  • Developers Tax Themselves to Build Infrastructure

    05/21/2010 1:04:01 PM PDT · by newbie2008 · 8 replies · 365+ views
    A new Arizona law allows developers to build infrastructure but tax themselves to pay for it, a novel approach to economic development that the state thinks will catch on in towns throughout Arizona. Scottsdale is hoping to use the law to gussy up a one-mile stretch of abandoned car dealerships. Here’s the idea, according to the Arizona Republic: Instead of the city paying for redevelopment projects in hopes of stimulating the economy and private investment, the new law would create redevelopment districts governed by a board. This would let developers build infrastructure and pay for it with property taxes they...
  • Judge Orders Notorious Terrorist Freed from Gitmo

    According to the Wall Street Journal, a district judge has ordered Mohamedou Slahi – a known al Qaeda recruiter who worked for Osama bin Laden – freed from Guantanamo. The Journal’s account does not explain the judge’s reasoning and the decision was not immediately available online. But the decision is inexplicable in light of Slahi’s notorious track record. There is no doubt that Mohamedou Slahi is one of the worst terrorists held at Gitmo. (See here for a previous summary of Slahi’s dossier.) Recruiter for the September 11 attacks Among Slahi's most notorious recruits were four of the September 11...
  • Lights failure throws Chavez into darkness

    03/06/2010 1:20:14 PM PST · by newbie2008 · 8 replies · 805+ views
    A televised speech by Venezuelan President Hugo Chavez was suddenly thrown into darkness when lights failed, at the Miraflores Palace in Caracas. Power and light were restored after around 30 seconds, when Chavez immediately denied the incident had been caused by a power cut.
  • In Europe, Time for Tea

    02/13/2010 12:44:08 AM PST · by newbie2008 · 2 replies · 204+ views
    WASHINGTON -- At the risk of taking contrarianism to extremes, let me offer this suggestion: The global economy needs a "tea party" movement in Europe to lobby for fiscal conservatism there. Many "mainstream" analysts deride the tea party agitators as a right-wing fringe group, and in many respects, that label is deserved. I wouldn't want them running the Treasury Department or the Federal Reserve.
  • Expert: 300 Impostors for Each Real SEAL

    02/06/2010 7:44:07 AM PST · by newbie2008 · 58 replies · 1,238+ views
    EL PASO --- In a culture enamored of superheroes and the glory of war, people unhappy with their status in life increasingly are falsifying claims of military service. Watchdogs say they cannot keep up with reports of phonies wearing combat medals they did not earn and uniforms implying dangerous duties they did not perform. "Sometimes I'm getting 20 to 50 inquiries a day," said Steve Robinson, a former Navy SEAL who works to expose false claims of membership to that elite group of rigorously trained sailors. Nearly all of the inquiries alert him to impostors. In January 2002, four months...
  • South Australia Outlaws Anonymous Political Speech

    02/04/2010 9:14:47 PM PST · by newbie2008 · 26 replies · 814+ views
    Sabriel writes "If you're online in South Australia and want to comment about the upcoming state election, be prepared to hand over your real name and postcode first — because this month it becomes illegal to do so anonymously (even under a pseudonym). Media organizations must keep your details on file for six months and face 'fines of $5000 if they do not hand over this information to the Electoral Commissioner.' This abomination was passed with the support of both major parties (Labour and Liberal), and to quote its sponsor, Attorney-General Michael Atkinson, 'There is no impinging on freedom of...
  • Google Voice Extension Adds Killer New Features to Chrome

    01/23/2010 8:38:13 PM PST · by newbie2008 · 15 replies · 783+ views
    The addition of extensions to the latest versions of Chrome have given Google some serious geek cred in the browser market, but for the most part the extensions we've seen to date are typically knock offs of versions that have been available to Firefox users for years. What Google needed to win over the hearts and minds of those on the fence was a feature nobody else could offer, and now they have it. The Google Voice extension for Chrome is now live, and adds some killer new features to the snappy little browser for anyone who also uses their...
  • If You're Paying, I'll Have Top Sirloin

    12/31/2009 4:09:13 PM PST · by newbie2008 · 9 replies · 1,117+ views
    This destructive justification reminds me of a very strange restaurant. When you eat there, you usually spend about $6—you have a sandwich, some fries and a drink. Of course you'd also enjoy dessert and a second drink, but that costs an additional $4. The extra food isn't worth $4 to you, so you stick with the $6 meal. Sometimes, you go to the same restaurant with three friends. The four of you are in the habit of splitting the check evenly. You realize after a while that the $4 drink and dessert will end up costing you only $1, because...
  • Winston on Market Failure and Government Failure

    12/29/2009 5:57:55 PM PST · by newbie2008 · 180+ views
    Clifford Winston of the Brookings Institution talks about the ideas in his book, Market Failure vs. Government Failure, with EconTalk host Russ Roberts. Winston summarizes a large literature on antitrust, safety regulation and environmental regulation. He finds that government regulation often fails to meet its objectives. While markets are imperfect, so is government. Winston argues that idealized theories of government intervention based on textbook theories of market failure are not the way regulation turns out in practice. He argues that special interest politics explains much of the disappointing outcomes of government regulation.
  • All the President's Mendacity

    12/22/2009 12:40:07 AM PST · by newbie2008 · 5 replies · 397+ views
    President Barack Obama grimly warned America last week that if his health care plans fail, the nation will go "bankrupt." Sure, adding another trillion-dollar entitlement program to our $12 trillion of debt may seem like a counterintuitive way to stave off economic ruin, but who are we to argue? The president's got smarts. And as is the case with so many issues, Obama adorned his rhetoric with sharp warnings of calamity should he fail, fabricated consensus to buttress his case and a promise of rapture should he succeed. You'll remember it was Obama who cautioned that failure to pass the...
  • As unemployment drops for most, black teens see 8-point spike

    12/13/2009 10:34:34 PM PST · by newbie2008 · 28 replies · 936+ views
    Although the unemployment rate for African-Americans dropped to 15.6 percent in November, the unemployment rate for black teens between the ages of 16 to 19 currently stands at 49.4 percent - a sharp increase from last month's number of 41.3 percent, according to the Bureau of Labor Statistics. That number only accounts for the number of teens actually participating in the labor market.
  • Somali Pirates Open Up a "Stock Exchange"

    12/02/2009 12:45:35 AM PST · by newbie2008 · 13 replies · 1,182+ views
    reginaldo writes to clue us that pirates in Somalia have opened up a cooperative in Haradheere, where investors can pay money or guns to help their favorite pirate crew for a share of the piracy profits. "'Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 "maritime companies" and now we are hosting 72. Ten of them have so far been successful at hijacking,' Mohammed [a wealthy former pirate who took a Reuters reporter to the facility] said. ... Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others...
  • Businesses Hiring Fewer Workers Thanks To Expanded Unemployment Benefits In Stimulus Bill

    11/22/2009 8:09:44 PM PST · by newbie2008 · 9 replies · 583+ views
    Throughout critics such as myself have pointed out that making it easier to be unemployed at the expense of the people who we want to be doing the hiring was hardly a way to fix unemployment. And it turns out we were right: WASHINGTON – As if small businesses needed another reason not to hire, consider their latest financial burden: The cost of rising unemployment itself. Employers already are squeezed by tight credit, rising health care costs, wary consumers and a higher minimum wage. Now, the surging jobless rate is imposing another cost. It’s forcing higher state taxes on companies...
  • TARP Inspector General: Taxpayers to suffer Losses

    11/12/2009 7:41:57 PM PST · by newbie2008 · 4 replies · 282+ views
    From Bloomberg: Barofsky Says TARP ‘Almost Certainly’ Will Bring Loss (ht jb) Neil Barofsky ... said the [TARP] will “almost certainly” result in a loss to U.S. taxpayers. ... “Tens of billions of dollars are likely to be lost on the automotive bailout,” Barofsky said. In addition, some banks that received TARP money are failing, so the aid they received will be wiped out. The TARP lost $2.33 billion on CIT and another $299 b million on the failure of UCBH Holdings (United Commercial Bank) last week. And there are a growing number of banks not paying their TARP dividends...
  • Plants need more CO2, not less

    11/11/2009 7:16:05 PM PST · by newbie2008 · 6 replies · 430+ views
    Congress and federal regulators are poised to make a misguided and reckless decision that will stifle our economy recovery and spur long-term damage to plant and animal life on earth. In the coming months, the Environmental Protection Agency will hold hearings to justify the movement to brand carbon dioxide (CO2) as a pollutant. Congress will also consider cap-and-trade legislation that, if enacted, could also regulate CO2 as pollution. Why is it such a catastrophic decision? Because there is not a single piece of evidence that CO2 is a pollutant. In fact, lower levels of carbon dioxide actually inhibit plant growth...
  • Shutting off the miracle-drug spigot

    11/07/2009 8:12:00 PM PST · by newbie2008 · 4 replies · 315+ views
    House Speaker Nancy Pelosi was right last week when she called her latest health-care-reform proposal a "his toric moment": After decades of life-saving and cost-cutting scientific innovations from drug and medical-device companies, the government is about to step in and stifle the R&D that is our best hope for improving health outcomes. Pelosi's bill may cost pharmaceutical companies $150 billion over a decade -- nearly double the amount they conceded when they cut a White House-approved deal with Sen. Max Baucus this summer.
  • Alistair Darling concedes Gordon Brown was wrong on recession

    11/01/2009 9:18:48 AM PST · by newbie2008 · 1 replies · 191+ views
    Gordon Brown was wrong to suggest that Britain was better placed than its rivals to weather the recession, his Chancellor has conceded. Alistair Darling came under pressure today to justify the Prime Minister's claim that Britain would lead the world out of the downturn. The Chancellor insisted that Britain would return to growth at the end of the year, despite seeing France, Germany and the US all exit the recession first Asked to accept that Britain was not leading the world out of the downturn, however, he appeared to acknowledge that the Prime Minister was wrong.
  • Beware The Reverse Brain Drain To India And China

    11/01/2009 8:32:05 AM PST · by newbie2008 · 21 replies · 851+ views
    I spent Columbus Day in Sunnyvale, fittingly, meeting with a roomful of new arrivals. Well, relatively new. They were Indians living in Silicon Valley. The event was organized by the Think India Foundation, a think-tank that seeks to solve problems which Indians face. When introducing the topic of skilled immigration, the discussion moderator, Sand Hill Group founder M.R. Rangaswami asked the obvious question. How many planned to return to India? I was shocked to see more than three-quarters of the audience raise their hands
  • The Wal-Mart Economic Stimulus Plan

    10/31/2009 9:12:22 PM PDT · by newbie2008 · 9 replies · 598+ views
    1. In just a three-week period from October 7-27, Wal-Mart announced the opening of 22 new stores and expansions of existing stores that have added 5,340 new jobs to the local communities in 18 different states. 2. Wal-Mart recently announced Hundreds of Millions of Dollars in Price Reductions, with unprecedented savings each week this Holiday season.
  • Huge Texas Wind Farm's Turbines Will Be Made in China

    10/31/2009 4:09:20 PM PDT · by newbie2008 · 53 replies · 2,256+ views
    Clean tech has seen a boost as the U.S. pours government funding into renewable energy, and China looks set to reap much of the benefits. Latest example: a Chinese wind-turbine company has just become the exclusive supplier for one of the largest wind-farm developments in the U.S. The Shenyang Power Group has signed on to supply 240 of its massive 2.5-megawatt wind turbines to a 36,000-acre development in West Texas. The Wall Street Journal reports that the wind farm is also slated to receive $1.5 billion in financing from the Export-Import Bank of China.
  • France's Jacques Chirac ordered to stand trial

    10/30/2009 7:52:31 PM PDT · by newbie2008 · 10 replies · 490+ views
    PARIS – A French judge ordered former President Jacques Chirac to stand trial on embezzlement charges predating his presidency — a case that could mark the first time a former leader of modern France is forced to defend himself in court.
  • Help w/finding McDonalds info

    10/29/2009 11:05:34 PM PDT · by newbie2008 · 5 replies · 310+ views
    Having a debate right now about frivolous lawsuits and I am trying to find a terms and conditions or disclaimer statement for McDonalds concerning their food. All I can find is their terms and conditions for their website. TIA
  • Bush family political heir is shipping off to war

    10/26/2009 8:04:42 PM PDT · by newbie2008 · 56 replies · 2,048+ views
    George P. Bush, or "P" as he's known to some, is thought to be the biggest hope for a fourth generation of Bush family political leaders, with some suggesting that he might run for statewide office in Texas at some point in the next four to eight years. But, as The Daily Beast points out today, any future George P. Bush political ambitions will have to be put on hold as his Navy Reserve unit is set to be deployed to Iraq or Afghanistan in the coming weeks. Lt. Junior Grade Bush, 33, joined the Navy Reserve in 2007 as...
  • Vaccine Shortage

    10/26/2009 4:49:33 PM PDT · by newbie2008 · 48 replies · 1,262+ views
    I am a pregnant woman in Salt Lake City, Utah. This weekend our health department had a mass H1N1 flu shot clinic, with 7,000 shots to give out, in 4 clinics. It started at 7am. I knew my chances were pretty small when I saw the night before people were already lined up. When I got there at 7am, I wasn’t hopeful, seeing what looked like 4,000 people lined up. I went and stood at the back of the line and started to wait. After about twenty minutes one of the Health department people came up to our group and...
  • Vaccination Hell In Oakland County MI,

    10/25/2009 3:54:26 PM PDT · by newbie2008 · 66 replies · 2,546+ views
    A prelude to what will happen under Obamacare. What a horrible day this started out to be. We woke our kids up at their usual time on a school day to get in line for H1N1 vaccinations. The Oakland County Health Department got the word out this week that vaccinations will be occurring in 2 places. The nearest to us was Clarkston Jr High School. Initially we went to the high school because that's what the email told us. We rolled in at 8:15am for a clinic that started at 9. Nobody there except people leaving the building saying that...
  • 20 Year Old Buys Home With $183,000 FHA Loan And Just 3.5% Down

    10/25/2009 10:51:43 AM PDT · by newbie2008 · 50 replies · 2,489+ views
    Denise Tejada bought a house last month at the age of 20, thanks in large part to a loan guaranteed by the Federal Housing Authority. This story offers a dramatic demonstration that, despite the housing bubble causing the worst economic downturn in generations, the ideology of home ownership is alive and well in the United States and still being supported by the government. Without question, Tejada's loan is toxic--to her and to the taxpayers who are backing the loan. Her house cost $155,000. Tejada's loan was apparently made on a micro-down payment of just 3.5%, the minimum down payment to...
  • Gone, gone, gone

    10/24/2009 9:45:18 PM PDT · by newbie2008 · 8 replies · 561+ views
    At BofA and AIG close to a majority of the top executives whose salaries were to be cut have already left. Nuff said. "There's no question people have left because of uncertainty of our ability to pay," said an executive at one of the affected firms. "It's a highly competitive market out there." At Bank of America, for instance, only 14 of the 25 highly paid executives remained by the time Feinberg announced his decision. Under his plan, compensation for the most highly paid employees at the bank would be a maximum of $9.9 million. The bank had sought permission...
  • The No Insurance Club: Innovative Prepaid Medical Plans

    10/24/2009 9:03:48 PM PDT · by newbie2008 · 14 replies · 820+ views
    For an annual fee of just $480 for singles ($580 for couples and $680 for families) The No Insurance Club offers affordable pre-paid health care plans that cover basic medical services from a participating board-certified physician, with no deductibles, no additional premiums, and no co-payments. Services vary slightly depending on your location, but a $480 individual plan with this Atlanta physician covers 12-16 annual office visits, flu shot, pregnancy testing, EKG, an annual checkup, one sports physical, vision test, among other services, see full list here. The No Insurance Club creates an entrepreneurial Internet marketplace where patients and doctors can...
  • German Start-Up Launches Personalized Newspapers

    10/19/2009 8:04:53 PM PDT · by newbie2008 · 3 replies · 262+ views
    Niiu, a German newspaper set to print in November, allows readers to customize their daily newspaper with news from a variety of news sources before it is printed and delivered to their doorstep. The venture, to be launched in Berlin, has already scored heavy hitting partners like The New York Times. At a time when more readers are going online to get their news and German newspapers are struggling under declining ad revenues, a new Berlin-based company announced its plan to beat the odds with a customizable newspaper venture this week.
  • Gulliver, Meet the Lilliputians

    10/17/2009 8:46:47 AM PDT · by newbie2008 · 6 replies · 529+ views
    The California Air Resources Board (CARB) just passed a new regulation that requires glazed glass in automobiles that is supposed to reduce the need to use air conditioning. The catch is that the same properties that block electromagnetic sunlight radiation also blocks lower frequency electromagnetic radio waves. That means radios, satellite radios, GPS, garage door openers, and cell phones will be severely degraded. Even more surprising is that it requires this glass even for jeeps that have soft covers, plastic windows, and no air conditioning. Furthermore, the rules are so stringent that they effectively make sunroofs black, even though many...
  • They're Tragically Delicious

    10/15/2009 8:58:00 PM PDT · by newbie2008 · 305+ views
    How can Americans be expected to wrestle with the myriad dangers that confront them each day? Insalubrious cereal? Unregulated garage sales? Pools of death? Sometimes it's too much to process. You know what we desperately are crying out for? An army of crusading federal regulatory agents with unfettered power. Who else has the fortitude and foresight to keep us all safe? Mercifully, as The Washington Post recently reported, many of President Barack Obama's appointees "have been quietly exercising their power over the trappings of daily life ... awakening a vast regulatory apparatus with authority over nearly every U.S. workplace, 15,000...