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  • Chevy Volt among Worst Product Flops of 2011

    01/08/2012 1:54:41 PM PST · by John Semmens · 30 replies
    Semi-News/Semi-Satire ^ | 7 Jan 2012 | John Semmens
    Pitched to the American voter as the vanguard of a “greener” future, the heavily subsidized Chevy Volt was dubbed one of the worst product flops of 2011 by Yahoo Finance’s 24/7 Wall Street site. The low sales volume—-an estimated 8,000 vehicles for 2011 (all of which are currently under recall notices to correct defects)–-has made the effective unit cost for each car amount to around $250,000. Representative Hansen Clarke (D-Mich) insists that “despite the reluctance of the American driver to buy these cars we must not falter in our efforts to make them understand the necessity for government’s role in...
  • Wind farms blasted - Greenpeace co-founder

    01/07/2012 10:41:10 AM PST · by Dartman · 33 replies
    Chatham Daily News ^ | Jan 4 2012 | Bob Boughner
    This will drive the Enviro-weenies nuts!
  • Another Oministration Sellout of American Technology and Ingenuity to China

    01/05/2012 4:06:34 PM PST · by Nachum · 8 replies
    Atlas Shrugs ^ | 1/5/12 | Pamela Geller
    China REQUIRES all foreign investors to give up their technology to them for the "right" to build goods there. Obama-seized GM can deny it till the cows come home, but it's still a lie. Dismantling America, chunk by chunk, piece by piece. Anybody see the tyrant-in-chief's body language, facial expressions and hand gestures, not to mention his words, at his Ohio press conference today? He simply can't hide his hatred for America. The Post-American Presidency: The Obama Administration's War on America -- read it. GM deal moves electric car development to China -- a 'shakedown'? USA Today (hat tip Van)...
  • Rogue Obama Plans to Forgive Mortgages and We Can't Say the Country is Screwed?

    01/05/2012 11:58:11 AM PST · by Kaslin · 41 replies
    Rush ^ | January 5, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Oh, jeez. I just heard something. You know, I really like Dana Perino. Maybe I ought to stop there. Greetings, ladies and gentlemen, and welcome. It's Rush Limbaugh from high atop the EIB Building at the EIB Southern Command in a hidden location heavily fortified here in South Florida. The telephone number if you want to be on the program, 800-282-2882. The e-mail address, Well, she said she was listening to Huntsman yesterday, heard Huntsman say that the country is screwed. She said, (paraphrasing) "That's not presidential. That's not the way we want to talk, to...
  • The New American Dream: Rent, Don’t Buy

    01/04/2012 4:18:16 PM PST · by SeekAndFind · 14 replies
    Fiscal Times ^ | 01/04/2012 | By STEVE YODER
    Call it the Big Selloff—America is headed toward a future in which fewer people own the spaces they call home. The effective homeownership rate, which excludes borrowers whose homes are underwater, stands at 62 percent, down from 69 percent in 2006, according to a 2010 report by the New York Federal Reserve. As more people move from owning to renting, apartment vacancy rates have fallen fast, from 8 percent in 2009 to 5.6 percent in third quarter 2011. That’s pushed up rents in all markets by 2.5 percent, including apartments and single-family homes, to an average of $846 nationwide, according...
  • Welcome To 2012--Fasten Your Seatbelts

    01/03/2012 3:55:33 PM PST · by Dysart · 14 replies
    The American Spectator ^ | 1-2-2012 | Ross Kaminsky
    2011 was a year of worldwide turmoil and great change. I expect -- and to a certain degree fear -- that last year was the warm-up act to 2012 which, both internationally and domestically, seems likely to be one of the most consequential years in recent history. *BREAK* On the global scene, some of 2011's most significant events pose very different short- and long-term results. For example, the Arab Spring initially appeared to be a move toward freedom in an historically repressive part of the world but is now drifting toward other forms of tyranny. The Middle East remains likely...
  • BOOM: Markets Are Off To A Dynamite Start In 2012

    01/02/2012 6:59:48 PM PST · by blam · 7 replies
    TBI ^ | 1-2-2012 | Joe Weisenthal
    BOOM: Markets Are Off To A Dynamite Start In 2012 Joe Weisenthal Jan. 2, 2012, 5:56 PM Image: wikimedia commons US markets start the year tomorrow, but Europe wasn't bothered by the fact that New Year's Day fell on a Sunday, thus depriving the people of a proper day off. So the trading began today. The big gainer? Germany's DAX index, which gained over 3%. A strong German manufacturing number helped out. Also, manufacturing data out of India and China also helped. On the debt side of things, the Italian 10-year moved below 7% again, which is nice. Short-term rates...
  • Va. AG backs off call for GOP primary rule changes (Perry, Gingrich)

    01/01/2012 7:57:49 PM PST · by VinL · 31 replies
    WMBF NEWS ^ | 1-1-12 | Staff?
    RICHMOND, Va. (AP) - Virginia Attorney General Ken Cuccinelli is no longer pushing for a change in rules that kept two candidates off the state's March 6 Republican presidential primary ballot. The Republican Party of Virginia determined that Newt Gingrich and Rick Perry had failed to submit the required 10,000 signatures of registered voters. The candidates have gone to court to challenge their exclusion from Virginia's ballot, which will include only Mitt Romney and Ron Paul. Cuccinelli, a Republican, said in a statement Saturday that ballot access laws need to be changed not for any candidate, but for the voters....
  • Will the year 2012 be an apocalyptic game-changer?

    01/01/2012 8:23:09 PM PST · by 2ndDivisionVet · 14 replies
    The Los Angeles Times ^ | January 1, 2012 | Mitchell Landsberg
    There are years that are remembered for changing the course of human history:1492. 1776. 1945. Then there are years that were predicted to change the course of history. 1844, when Judgment Day didn't materialize. 1910, when Halley's Comet didn't wipe out humanity. And remember Y2K? But rarely does a year arrive with such a mixture of anticipation and dread as 2012. We speak not of the presidential campaign but of the Maya calendar, and the projection that it — or, more accurately, a cycle within it — will end on Dec. 21, 2012. That date has kicked up a swirl...
  • Avoiding The Danger Zones In The Year Ahead

    12/30/2011 12:37:27 PM PST · by blam · 3 replies
    The Daily Reckoning ^ | 12-30-2011 | Bill Bonner
    Avoiding The Danger Zones In The Year Ahead By Bill Bonner 12/30/11 Baltimore, Maryland – And here we are at the end of the week…and the end of the year. And we’re no surer of what is going on than we were at the beginning of it. The Dow rose 135 points yesterday. But gold kept going down. It is looking more and more like gold intends to make its big correction now… It’s been down for 6 days in a row. We’ve been waiting for it. We’ve been hoping for it. We’ve been counting on it. Is it here...
  • We’ve Been Impoverished and It’s Only Going to Get A Whole Lot Worse

    12/30/2011 11:40:39 AM PST · by JohnKinAK · 30 replies
    SHTFPlan ^ | 12/30/2011 | Mac Slavo
    The dollar is losing value, but this fact is not just some recent phenomenon. In case you missed the charts comparing the decline of the US dollar to the Roman silver denarius, what they show is that the US dollar has, over the course of the last one hundred years, experienced a steady decline amounting to about a 95% loss in purchasing power, closely mimicking the fall of the world’s reserve currency circa the 2nd and 3rd centuries. Every single day our central bank and the US government utilize the stealth tax known as inflation to make you poorer by...

    12/26/2011 5:12:30 PM PST · by dc27 · 11 replies
    youtube ^ | debtlimitusa
    Explanation of the debt limit
  • The jingle of jewelry at a Beverly Hills pawnshop

    12/23/2011 11:24:45 PM PST · by thecodont · 38 replies
    Los Angeles Times / ^ | December 24, 2011 | By Bob Pool, Los Angeles Times
    A Beverly Hills real estate broker is waiting for escrow to close on two upscale properties, but that won't happen until after Christmas. So what is a powerhouse agent to do to generate some quick spending money for holiday shopping? This one hocked her diamond Patek Philippe watch at a Beverly Hills pawnshop for cash. She'll reclaim her $15,000 timepiece when the deals close, said Jordan Tabach-Bank, chief executive of 73-year-old Beverly Loan Co. "Never before have we seen so many affluent people needing cash," he said. "People are in a cash crunch. You can't go to the bank for...
  • The Corruption of America

    12/24/2011 3:28:46 AM PST · by lowbuck · 22 replies
    Stansberry Investment ^ | December 2011 | Porter Stansberry
    "This bankrupt belief has taken complete control of our government, educational system, medical industry, and our corporations. And unless we demand better from each other and our political leaders, our society is doomed to collapse under the crushing weight of the Corruption of America. It's time we got back to our traditions as Americans and started doing more to take care of our families, communities, and ourselves." This is a small outtake of a very long article. If you have 15 minutes go and read this as the author raises some very good points about things that are leading to...
  • Gingrich May Be Too Arrogant For Iowa [Mondo Gag Alert]

    12/24/2011 7:40:05 PM PST · by Steelfish · 25 replies
    Los Angeles Times ^ | December 24, 2011 | By Robin Abcarian, Los Angeles Times
    Gingrich May Be Too Arrogant For Iowa Many of the state's voters like what the Republican candidate stands for, but his occasional apocalyptic self-regard is running counter to something else they appreciate: modesty. Newt Gingrich speaks to supporters during a campaign rally in Richmond, Va. Said Republican strategist Mark McKinnon: “Voters want candidates who are ‘of us’ and ‘above us.’ Gingrich has nailed the ‘above us’ part. He needs some work on the ‘of us’ piece." (Alex Wong, Getty Images / December 24, 2011) ALSO By Robin Abcarian December 24, 2011 Reporting from Des Moines— With a rich trail of...
  • Sierra Club, Audubon settle with SWEPCO on Turk power plant (Arkansas)

    12/24/2011 4:59:06 PM PST · by Libloather · 5 replies
    Arkansas Times ^ | 12/22/11 | Max Brantley
    Sierra Club, Audubon settle with SWEPCO on Turk power plantPosted by Max Brantley on Thu, Dec 22, 2011 at 10:16 AM The Sierra Club and Audubon Arkansas have announced a settlement with SWEPCO, the utility building the Turk coal-fired power plant in Hempstead County. This ends legal challenges to the plant and will be reflected in a consent decree to be filed in federal court later today in Texarkana. Nicholas Akins, CEO of American Electric Power, SWEPCO's parent, said in a release: “The provisions of the agreement are consistent with our commitment to renewable energy, energy efficiency and overall environmental...
  • Nuke Expert: Time To Attack Iran

    12/24/2011 3:11:28 PM PST · by edpc · 28 replies
    YNet ^ | 24 Dec 2011 | Yitzhak Benhorin
    WASHINGTON - A former special adviser on Iran policy to the Obama Administration said that a US-perpetrated strike on the Islamic Republic on is the "least bad" option in dealing with its nuclear threat. "The truth is that a military strike intended to destroy Iran’s nuclear program, if managed carefully, could spare the region and the world a very real threat and dramatically improve the long-term national security of the United States," Matthew Kroenig, a nuclear security expert at the Council on Foreign Relations who served as a strategist under Defense Secretary Robert Gates, said in an article published by...
  • Correcting The Growth Of Human History

    12/22/2011 12:20:16 PM PST · by blam · 16 replies
    The Daily Reckoning ^ | 12-22-2011 | Bill Bonner
    Correcting The Growth Of Human History By Bill Bonner 12/22/11 Baltimore, Maryland – And so, yesterday, the northern hemisphere had its shortest day of the year. In Baltimore, the sun never rose and never set. It was gray all day. Then it was night again. And so the days dwindle down to a precious few. In astronomical terms, the year is already over. We have passed the winter solstice. From here on out the days grow longer. In terms of the Gregorian Calendar, we still have a few more days to go in 2011. Then, we face a new year....
  • EU: ECB's €489bn loan to eurozone banks fails to calm markets

    12/21/2011 9:01:30 PM PST · by bruinbirdman · 11 replies
    The Telegraph ^ | 12/21/2011 | Louise Armitstead
    Banks gorged on €489.19bn of cheap loans offered by the European Central Bank (ECB) - but the gargantuan refinancing effort still failed to decisively address the raging debt crisis. A total of 523 banks scrambled to take up the ECB’s offer to exchange illiquid assets for cut-price funding in the first of two three-year refinancing operations. The record half-trillion euro take-up – which was far greater than the market had expected – initially triggered a “sugar rush” of euphoria as the move was hailed as a decisive “game changer”. But stock markets fell as economists and financiers recognised that while...
  • Brazilians, the Real Spenders

    12/21/2011 8:52:31 PM PST · by MinorityRepublican · 10 replies
    The Wall Street Journal ^ | DECEMBER 21, 2011 | JOHN LYONS and PAULO TREVISANI
    Items in the U.S. cost half what they do in Brazil, due to taxes, inflation and the real. Above, a Macy's crowd. Ana Ligia Paladino traveled 5,000 miles from her home in southernmost Brazil last month to jostle for Black Friday bargains at Macy's in New York City. Waiting in line by 5 a.m., she soon notched her first buys in a planned 10-day shopping spree. "It was a bagunça!" she recalled, using a Brazilian expression that means both mess and mayhem to describe the scene. Brazilian shoppers are taking the U.S. by storm this holiday season, a welcome boost...