Keyword: doom

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  • Insolvency looms for federal entitlement programs, government warns ("TurboTaxCheatTimmy" says)

    05/13/2011 12:08:22 PM PDT · by NormsRevenge · 109 replies
    Los Angeles Times ^ | 5/13/11 | Noam N. Levey
    Caught in the sluggish recovery from the last recession, Social Security and Medicare face an increasingly dismal fiscal future, the federal government reported Friday in its annual review of the two mammoth entitlement programs. Medicare, which now provides health insurance to some 47 million elderly and disabled Americans, could begin running a deficit in 2024, five years earlier than projected last year. And Social Security, which last year began paying out more in benefits than it collected in taxes, now faces insolvency in 2036, compared to 2037 in last year’s projections. Over the years, the Social Security and Medicare trustees...
  • Bill expanding gun rights keeps moving in Minnesota

    05/04/2011 11:19:14 AM PDT · by WOBBLY BOB · 11 replies
    winona daily news ^ | 5-4-11 | ap
    ST. PAUL, Minn. - A proposal expanding the right to use deadly force in self-defense continues its advance through the Republican-controlled Legislature. The gun bill from GOP Rep. Tony Cornish goes before a House judiciary panel Wednesday after passing a public safety committee last week. The legislation would grant the right to defend oneself using deadly force in an expanded definition of home, including a garage, car, deck, tent, boat, overnight accommodation or other dwelling. The person wouldn't have to retreat from a threatening situation first.
  • OUT OF CONTROL: DEFICIT ROCKETS 16% IN FIRST HALF OF YEAR (Drudge Headline)

    04/12/2011 1:43:55 PM PDT · by The Magical Mischief Tour · 9 replies
    Drudge Report ^ | 04/12/2011 | Drudge
    OUT OF CONTROL: DEFICIT ROCKETS 16% IN FIRST HALF OF YEAR
  • Obama Administration: GOP Cuts Would Kill 70,000 Kids

    03/31/2011 12:19:12 PM PDT · by 2ndDivisionVet · 69 replies · 1+ views
    Time Magazine ^ | March 31, 2011 | Adam Sorensen
    That's what would happen if Congress pares back appropriations for USAID, says Rajiv Shah: "We estimate, and I believe these are very conservative estimates, that H.R. 1 would lead to 70,000 kids dying," USAID Administrator Rajiv Shah testified before the House Appropriations State and Foreign Ops subcommittee. "Of that 70,000, 30,000 would come from malaria control programs that would have to be scaled back specifically. The other 40,000 is broken out as 24,000 would die because of a lack of support for immunizations and other investments and 16,000 would be because of a lack of skilled attendants at birth," he...
  • Japan Nuclear Fallout: How Bad Could It Get? Nuclear expert explains worst-case scenarios, and more

    03/13/2011 8:58:27 AM PDT · by SeekAndFind · 49 replies
    The Daily Beast ^ | 03/12/2011 | Josh Dzieza
    As Japan scrambles to cope with a nuclear reactor damaged in the quake, Josh Dzieza talks to Ron Ballinger, a nuclear expert at MIT about how the plants work, worst-case scenarios, and more. Plus, full coverage of Japan's catastrophe. Shortly after Japan was hit with the double disaster of a magnitude 8.9 earthquake and subsequent tsunami, a possible third reared its head: nuclear meltdown. The quake caused 11 of Japan's nuclear reactors to shut down automatically, including three at the Fukushima Dai-ichi power plant, 170 miles northeast of Tokyo. But the quake also cut Fukushima off from the power grid,...
  • Genpatsu-shinsai: the language of disaster that is stalking Japan (From The Times, July 21, 2007)

    03/14/2011 9:24:51 PM PDT · by SteveH · 17 replies · 1+ views
    The Times ^ | July 21, 2007 | Leo Lewis
    Japan’s turbulent history of war and natural catastrophe has already given the world a terrifying vocabulary of death: tsunami, kamikaze, Hiroshima. But the country now stands on the brink of unleashing its most chilling phrase yet: genpatsu-shinsai – the combination of an earthquake and nuclear meltdown capable of destroying millions of lives and bringing a nation to its knees. The phrase, derived from the Japanese words for “nuclear power” and “quake disaster”, is the creation of Katsuhiko Ishibashi, Japan’s leading seismologist and one of the Government’s top advisers on nuclear-quake safety. He said that the world may never know how...
  • Pimco Dumping All U.S. Bonds & Carl Icahn Returning $1.6 Billion to His Investors?????

    03/09/2011 10:11:47 PM PST · by Stayfree · 38 replies
    Vanity | March 9, 2011 | Stayfree
    If Bill Gross of Pimco dumps all U.S. bonds in his portfolio and Carl Icahn returns $1.6 billion to his investors, one might be a little concerned that the proverbial sh*t is going to hit the proverbial fan soon...any thoughts?
  • Name The City Where 28% Of Homes And 62% Of Businesses Are Vacant (Guess without peeking...)

    01/07/2011 7:07:34 AM PST · by SeekAndFind · 31 replies
    Business Insider ^ | 01/07/2011 | Gus Lubin
    Some cities probably won't ever recover. That's the conclusion of a new study on vacancy rates, demographics, and market patterns by the Mortgage Bankers Association. Namely, Detroit. Wayne County, Mich. had an incredible 27.6 percent housing vacancy rate in Q2 2010. The next worst was a 17.3 percent vacancy rate around Cleveland. Wayne County also registered an incredible 62.2 percent business vacancy rate. Business vacancies around the country tended to be 50 percent worse than housing vacancies. Again the next worst was a distant 35.1 percent around Cleveland. Deterioration is a risk in any city with massive price declines, like...
  • The Politics of Snow [Christie and NJ Lt Gov on vacation during snow storm]

    12/28/2010 11:04:43 AM PST · by seanmerc · 44 replies · 6+ views
    ABC News ^ | 27 Dec 10 | Amy Walter
    ABC's Amy Walter reports: And you thought coordinating your holiday vacation with co-workers was tough. In New Jersey, where a post-Christmas blizzard dumped as much as 30 inches of snow in some parts of the state, the website PolitickerNJ reports that “some lawmakers Monday were grumbling” that Gov. Chris Christie, a Republican, as well as Lt. Gov Kim Guadagno, also a Republican, “were on vacation at the same time,” leaving state Senate President Steve Sweeney – a Democrat – as the state’s Acting Governor.
  • Minnesota led the nation for 2010 tornadoes

    12/27/2010 2:14:02 PM PST · by MplsSteve · 15 replies · 1+ views
    Minnesota led the nation for having the most tornadoes in 2010. According to the National Weather Service's Storm Prediction Center, the state had 145 tornadoes. The state with the second highest total was Texas, which had 105 tornadoes. The Albert Lea Tribune reports that the figures aren't official until they are reviewed next year by the National Climate Data Center, but they aren't likely to change enough to bump Minnesota. Wisconsin tied for sixth place with 68 twisters. Forty-eight tornadoes were spotted in the state June 17, making it the day with the most tornadoes in Minnesota history.
  • Morning Bell: Big Government Strikes Back

    12/27/2010 7:11:42 AM PST · by La Lydia · 31 replies · 2+ views
    Heritage Foundation ^ | December 27, 2010
    The 111th Congress, the most unpopular Congress in the recorded history if the United States, ended last week with a flurry of legislative activity that set a record for lawmaking done by a Congress that had just been rebuked by the American people. Some in the media are eager to make the case that last week’s events portend a new era of bipartisan accomplishment led by the White House that will extend into the 112th Congress. They are half right. Last week’s events in Washington were a preview of lawmaking in 2011, but Congress was not where the real action...
  • Reapportionment Bites Obama and the Democrats, Hard (2012 redistricting)

    12/21/2010 9:15:13 AM PST · by heiss · 103 replies
    National Review ^ | Dec 21, 2010 | Jim Geraghty
    The new Congressional reapportionment numbers are out. States gaining Congressional seats: Arizona (1), Florida (2), Georgia (1), Nevada (1), South Carolina (1), Texas (4), Utah (1), Washington (1). States losing Congressional seats: Illinois (1), Iowa (1), Louisiana (1), Massachusetts (1), Michigan (1), Missouri (1), New Jersey (1), New York (2), Ohio (2), Pennsylvania (1). You’ll notice John McCain won six of the eight states gaining seats. You’ll notice Barack Obama won eight of the ten states losing seats.
  • Food bank use rises across Canada

    11/16/2010 5:20:39 PM PST · by dynachrome · 10 replies
    CBC.ca ^ | 11-16-10 | unattributed
    Food bank use across Canada is at the highest level since 1997, with nearly 900,000 people turning to them in March 2010, says a survey released Tuesday. Food bank use across Canada is at its highest level since 1997. (CBC) The HungerCount 2010 survey found that 867,948 people used food banks in March 2010, an increase of 9.2 per cent or more than 73,000 people compared with the previous year. The figure was 28 per cent higher than in 2008. "This is a reality check. Food banks are seeing first-hand that the recession is not over for a large number...
  • The Repercussions Of Nearly One Trillion In QE

    11/03/2010 9:36:29 PM PDT · by Razzz42 · 40 replies
    Jim Sinclair's Mineset ^ | November 3, 2010 at 11:24 pm | Dan Norcini
    ...It is my opinion that the US has long wanted to engineer a manageable decline in the currency on account of the now mathematically-impossible-to-ever-pay-back debt load that our nation has been saddled with. They will get their wish but at a terrible cost to the rest of us and to the nation at large as it watches its economic supremacy gradually fade. That will be the legacy of the Federal Reserve system and the contemptible monetary authorities who sold out our nation’s birthright for a bowl of stew.
  • 11 Long-Term Trends That Are Absolutely Destroying The U.S. Economy

    10/06/2010 11:20:14 AM PDT · by WebFocus · 24 replies
    The U.S. economy is being slowly but surely destroyed and many Americans have no idea that it is happening. That is at least partially due to the fact that most financial news is entirely focused on the short-term. Whenever a key economic statistic goes up the financial markets surge and analysts rejoice. Whenever a key economic statistic goes down the financial markets decline and analysts speak of the potential for a "double-dip" recession. You could literally get whiplash as you watch the financial ping pong ball bounce back and forth between good news and bad news. But focusing on short-term...
  • Interview With Marc Faber: It Is Not A Matter Of If With Hyperinflation, But When

    09/23/2010 10:55:18 AM PDT · by blam · 13 replies
    The Business Insider ^ | 9-23-2010 | Ron Hera, Hera Research, LLC
    Interview With Marc Faber: It Is Not A Matter Of If With Hyperinflation, But When Ron Hera, Hera Research, LLC Sep. 23, 2010, 1:28 PM The Hera Research Newsletter (HRN) is delighted to present the following powerful interview with noted speaker and best selling author Dr. Marc Faber, whose newsletter, The Gloom Boom & Doom Report, highlights unusual investment opportunities. Dr. Faber is a popular speaker at investment seminars and conferences around the world and is best known for his contrarian investment approach. Born in Zurich, Switzerland, Dr. Faber went to school in Geneva and Zurich and finished high school...
  • Food Crisis Doomsday Scenario As Prices To Shoot Through The Roof

    08/31/2010 11:49:11 AM PDT · by blam · 50 replies
    The Market Oracle ^ | 8-31-2010 | Pravda
    Food Crisis Doomsday Scenario As Prices To Shoot Through The Roof Politics / Food Crisis Aug 31, 2010 - 08:52 AM By: Pravda The worst weather on record coupled with the practice of speculation in the commodities markets are set to send food prices skyrocketing, bringing misery and starvation to large swathes of the world’s population. Are we set to see food riots this winter? In the USA, Walmart has already announced a price hike of 5.8% on average for a 31-item basic basket for this Autumn. The long-term rise, however, is far more frightening, with the UNO predicting an...
  • Dems Face Doom in House (Is it time to properly investigate Hussein and his thugs?)

    08/21/2010 7:12:34 AM PDT · by Libloather · 55 replies · 1+ views
    DOD Buzz ^ | 8/20/10 | Colin Clark
    Dems Face Doom in HouseBy Colin Clark Friday, August 20th, 2010 12:10 pm Washington’s most respected election analyst, Charlie Cook, is now calling the House for the Republicans. And he’s predicting not just a close race, which had been the call of most analysts until now, but is predicting a so-called “wave” election, one where the party in power is swept away. Cook spoke with the Wall Street Journal. Before GOP tribalists begin crowing and dancing the sacred dance of victory, Cook cautions that he does not think the GOP is likely to win the Senate. And, with all respect...
  • Pension Fraud by New Jersey Is Cited by S.E.C.

    08/19/2010 3:11:09 PM PDT · by the invisib1e hand · 8 replies · 1+ views
    reputable sources via the Slimes ^ | August 18, 2010 | By MARY WILLIAMS WALSH
    Federal regulators accused the State of New Jersey of securities fraud on Wednesday for claiming it had been properly funding public workers’ pensions when it was not. The Securities and Exchange Commission said the action was its first ever against a state, and only its second against any government over the handling of a public pension fund. The first was the city of San Diego. More may be in store; the agency announced in January that it had a special unit looking into public pension disclosures. The S.E.C. has been trying to assume more authority over municipal securities. The commission...
  • The Horrific Derivatives Bubble That Could Destroy Entire World Financial System

    08/09/2010 6:07:25 PM PDT · by Errant · 41 replies
    The Market Oracle ^ | 9 Aug, 2010 | Michael Snyder (via Pravda)
    Michael Snyder writes: Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it. When you say the word "derivatives" to most Americans, they have no idea what you are talking about. In fact, even most members of the U.S. Congress don't really seem to understand them. But you don't have to get into all the technicalities to understand the bigger picture. Basically, derivatives are financial instruments whose value depends upon or is derived from the...