Keyword: feds

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  • Here's The Fed Speech That Has Everyone Buzzing About 'QE3' Tonight

    10/20/2011 7:50:58 PM PDT · by blam · 23 replies
    TBI ^ | 10-20-2011 | Joe Weisenthal
    Here's The Fed Speech That Has Everyone Buzzing About 'QE3' Tonight Joe Weisenthal Oct. 20, 2011, 6:53 PM The big econ news of the night is this report from WSJ that the Fed is considering large-scale mortgage purchases to drive down rates even further. This talk appears to have been set off by a speech given by Fed Governor Daniel Tarullo given this evening at Columbia where he talks up precisely this: Mortgage purchases. Here's the relevant bit: Within the FOMC and in the broader policy community, there has been considerable discussion of possible additional accommodative measures, from communication strategies...
  • Feds Off the Hook for Wrecked $750G Ferrari

    10/14/2011 1:27:43 PM PDT · by Immerito · 37 replies
    Fox News ^ | October 11, 2011 | AP
    DETROIT – A federal judge in Detroit has dismissed a lawsuit against the U.S. government over the wreck of a $750,000 Ferrari driven by an FBI agent.
  • Feds award $55M to fund security planning for Chicago summits

    09/30/2011 4:40:44 AM PDT · by Thebaddog · 2 replies
    Chicago Tribune ^ | 9.30.11 | David Heinzmann
    Chicago has won a $54.6 million federal grant to fund security and emergency planning and cooperation among the city, Cook County and the state as preparations begin to ramp up for the G-8 and NATO summits being held here next May. While the money is to be shared among city, county and state emergency management agencies, Chicago's top emergency planner said the grant will be most useful in planning training exercises to handle security at the simultaneous economic and defense summits, which are likely to attract thousands of demonstrators. Gary Schenkel, director of the Chicago Office of Emergency Management and...
  • Politics Feds Finalizing Ban on Over-the-Counter Asthma Inhalers Over Environmental Concerns

    09/26/2011 5:43:23 PM PDT · by Nachum · 41 replies
    Fox ^ | 9/26/11 | Judson Berger
    Hundreds of thousands of asthma sufferers who use an over-the-counter inhaler will be compelled to seek a more costly prescription device by the end of the year, when the federal government plans to ban them over environmental concerns. The Food and Drug Administration last week began a media push to get the word out about the looming phase-out. After Dec. 31, the epinephrine asthma inhaler known as Primatene Mist will no longer be available. The product is currently the only FDA-approved over-the-counter inhaler and is being taken off the shelves because it uses something called chlorofluorocarbons (CFCs) as a propellant...
  • Man Gets 30-Month Sentenced For Trying To Kill Dad

    09/22/2011 6:44:18 AM PDT · by DemforBush · 5 replies · 1+ views
    WRTV 6 (Indianapolis) ^ | 9/22/11 | n/a
    FORT WAYNE, Ind. -- A federal judge was lenient in sentencing a northeastern Indiana for trying to hire an undercover agent to kill his father. The judge on Wednesday gave Troy Hott, of Markle, a 30-month sentence, much less than the seven-plus years prosecutors requested in his plea agreement...
  • Feds execute search warrants at Calif. solar firm

    09/08/2011 9:05:54 AM PDT · by Nachum · 24 replies
    Breitbart ^ | 9/8/11 | ap
    <p>FREMONT, Calif. (AP) - FBI agents executed search warrants on Thursday at the headquarters of California solar firm Solyndra, which received a $535 million loan from the federal government before filing for bankruptcy last week.</p> <p>Agents executed multiple search warrants at the company's headquarters in Fremont as part of an investigation with the Department of Energy's Office of Inspector General, according to FBI spokesman Peter Lee. Lee said he could not provide details about the investigation.</p>
  • Eco-zealous feds target Gibson guitars, antique piano sellers; Updated: Gibson explains

    08/26/2011 10:07:48 AM PDT · by Nachum · 53 replies
    Michelle Malkin ^ | 8/25/11 | Michelle Malkin
    The real endangered species? I’ve seen a lot of enviro-nitwittery over the years, but this takes the cake. US Fish and Wildlife officials have raided the famous Gibson Guitars. And the instrument-maker isn’t alone. Antique piano dealers are also in the crosshairs. Why? Because rare, beautiful instruments made of ecologically incorrect materials must be sacrificed at the green altar. Talk about hitting a sour note. Eric Felten at the WSJ reports: Federal agents swooped in on Gibson Guitar Wednesday, raiding factories and offices in Memphis and Nashville, seizing several pallets of wood, electronic files and guitars. The Feds are keeping...
  • What Will The Fed Say On Friday? It Really Doesn't Matter

    08/24/2011 7:13:07 AM PDT · by blam · 2 replies
    Seeking Alpha ^ | 8-24-3011 | Avi Gilburt
    What Will The Fed Say On Friday? It Really Doesn't Matter by: Avi Gilburt August 24, 2011 Everyone is walking on pins and needles as we await what the Fed, and, specifically, Ben Bernanke is going to say on Friday. Will Bernanke announce QE3 and rally the markets? Will he shy away from references of further QE? Inquiring investors want to know!! Memories of Jackson Hole 2010 are resounding in investor’s minds. They have their fingers on their buy buttons, ready to act as soon as they hear the words Quantitative Easing. In reality, this is all much to do...
  • DHS "Police" SUV Around My Neighborhood Today

    08/18/2011 6:19:59 PM PDT · by RushIsMyTeddyBear · 37 replies
    FreeRepublic ^ | 8/18/2001 | ME
    We live in a very small town and in a middle-class neighborhood. You couldn't GET more of a sleepy community. Was picking the kids up from school and noticed a police SUV headed up a main side street. Came back from picking up 1st child and then noticed the SUV going up and down the blocks of the neighborhood. Went to pick up second child at another school and got behind the SUV. "GI" plates, white SUV with lettering down the side that said "POLICE" and then it turned at the light so I could read the side and it...
  • Feds buying up farmland they flooded; Soros in on it

    07/13/2011 10:04:57 AM PDT · by Nachum · 36 replies
    Food Freedom ^ | 6/24/11 | Ann Barnhardt
    Remember when the Army Engineers blew the Birds Point levee in early May? Now we know the real reason. ~Ed. By Ann Barnhardt Cattle commodities broker June 24, 2011 (See her June 26 Update below) Two HUGE intel leads in my email box this morning from way-back contacts that I’ve had for years, that are actually somewhat connected concepts. 1. File this one under “Now It All Makes Sense.” A Missouri farming and ranching contact just got off a conference call wherein he was informed that the federal government is sending out letters to all of the flooded out farmers...
  • Feds Probe Truck Driver Killed In Bay Area-Bound Amtrak Crash (5 dead, 20 injured)

    06/25/2011 9:41:27 AM PDT · by NormsRevenge · 47 replies
    CBS5 ^ | /25/11 | CBS/AP
    RENO, Nev. (CBS/AP) — Authorities plan to look into the driving and medical records of the semitrailer driver who died when the truck slammed into an Amtrak train, killing a train crew member and injuring dozens of passengers. Peter Knudson, a spokesman for the National Transportation Safety Board, said they also will look at autopsy results to determine whether the driver had consumed any drugs around the time of the collision Friday. The big rig plowed into the California-bound train at a crossing in a rural area about 70 miles east of Reno. Knudson said federal investigators would make sure...
  • Why The Fed Is Officially Paralyzed

    06/24/2011 4:23:48 AM PDT · by blam · 20 replies
    TBI ^ | 6-24-2011 | Comstock Partners
    Why The Fed Is Officially Paralyzed Comstock Partners Jun. 24, 2011, 5:35 AM Here’s all you need to know about the current paralysis of Fed monetary policy. The FOMC is officially forecasting an unemployment rate of 7.8%-to-8.2% by the end of 2012—-3 ½ years into the “recovery”—and has decided it cannot do anything about it. The Fed has used all of the conventional tools in its toolbox as well as some that aren’t so conventional. It has kept interest rates near zero for an extended period and bought over $2 trillion in mortgages, ballooning its balance sheet to $2.8 trillion...
  • Texas Tells Feds: Shove Your Light Bulb Ban

    06/20/2011 7:00:14 PM PDT · by Nachum · 74 replies
    fox ^ | 6/20/11 | staff
    State lawmakers have passed a bill that allows Texans to skirt federal efforts to promote more efficient light bulbs, which ultimately pushes the swirled, compact fluorescent bulbs over the 100-watt incandescent bulbs many grew up with. The measure, sent to Gov. Rick Perry for consideration, lets any incandescent light bulb manufactured in Texas - and sold in that state - avoid the authority of the federal government or the repeal of the 2007 energy independence act that starts phasing out some incandescent light bulbs next year. "Let there be light," state Rep. George Lavender,
  • Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The

    06/12/2011 12:13:59 AM PDT · by Nachum · 23 replies
    Zero Hedge ^ | 6/12/11 | Tyler Durden
    Courtesy of the recently declassified Fed discount window documents, we now know that the biggest beneficiaries of the Fed's generosity during the peak of the credit crisis were foreign banks, among which Belgium's Dexia was the most troubled, and thus most lent to, bank. Having been thus exposed, many speculated that going forward the US central bank would primarily focus its "rescue" efforts on US banks, not US-based (or local branches) of foreign (read European) banks: after all that's what the ECB is for, while the Fed's role is to stimulate US employment and to keep US inflation modest. And...
  • IRS removes tax-exempt status of 275,000 groups

    06/09/2011 1:28:03 PM PDT · by ruralvoter · 19 replies
    Associated Press ^ | 6/8/11 | Jim Abrams
    The Internal Revenue Service said Wednesday that 275,000 organizations have lost their tax-exempt status because they failed to file required annual reports for three straight years. The tax agency said it believed that the vast majority of those groups are no longer in existence, but it said it was setting up procedures to help those companies that sought reinstatement. The IRS posted a list of the organizations on its website:,,id=240099,00.html
  • Here Is Your Chance To Demand Answers From The Fed's General Counsel, Scott Alvarez

    05/31/2011 2:56:35 PM PDT · by Nachum · 2 replies
    zero hedge ^ | 5/31/11 | Tyler Durden
    For all Zero Hedge readers who have long waited for their chance to ask Mr. Scott Alvarez of "Have The Federal Reserve Or Prime Brokers Ever Tried To Manipulate The Stock Market?" fame a question about life, the universe or why the CME decides to hike ES margins in an environment of rising realized vol, here it is. Tomorrow, at 2PM, Ron Paul will lead a hearing by the Financial Services Committee, which will luckily be carried by C-SPAN meaning one will be actually able to hear the dialog (alas, the House continues to believe that investing in microphones for...
  • Feds must stop writing gibberish under new law

    05/19/2011 12:21:58 PM PDT · by Libloather · 13 replies
    KWWL ^ | 5/19/11 | CALVIN WOODWARD
    Feds must stop writing gibberish under new lawBy CALVIN WOODWARD Associated Press Updated: May 19, 2011 2:34 PM EDT WASHINGTON (AP) - The federal government is rolling out a new official language of sorts: plain English. That's right: Pursuant to regulations promulgated thereunder and commencing in accordance with a statute signed herein by President Barack Obama, the government shall be precluded from writing the pompous gibberish heretofore evidenced, to the extent practicable. That sentence contains 11 new language no-nos. Obama signed the Plain Writing Act last fall after decades of effort by a cadre of passionate grammarians in the civil...
  • Forbes Predicts U.S. Gold Standard Within 5 Years

    05/11/2011 5:27:51 AM PDT · by Bigtigermike · 34 replies
    Human Events ^ | Wednesday May 11, 2011
    A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills, Steve Forbes predicted during an exclusive interview this week with HUMAN EVENTS. “What seems astonishing today could become conventional wisdom in a short period of time,” Forbes said. Such a move would help to stabilize the value of the dollar, restore confidence among foreign investors in U.S. government bonds, and discourage reckless federal spending, the media mogul and former presidential candidate said.  The United States used...
  • Feds Take Down Amish Farmer... Over Milk

    04/29/2011 8:46:52 AM PDT · by therightliveswithus · 47 replies
    Pundit Press ^ | 4/29/11 | Aurelius
    Our government at work. A year-long sting operation came to an end this week. In that time, the government used fake names and surprise inspections all to nab the people at Rainbow Acres Farm in the D.C. area. The reason: they were selling milk. Unpasteurized milk, to be exact. Asked for comment, the government released this statement: “It is the FDA’s position that raw milk should never be consumed.” Therefore, the Amish farmers at Rainbow Acres had to be brought down. Asked for comment, one Washington resident stated, “I look at this as the FDA is in cahoots with the...
  • Fed Wants Even Higher Inflation

    04/27/2011 5:43:43 PM PDT · by blam · 15 replies
    TMO ^ | 4-27-2011 | Axel Merk
    Fed Wants Even Higher Inflation Economics / Inflation Apr 27, 2011 - 03:08 PM By: Axel Merk Today, the Federal Reserve Open Market Committee (FOMC) announced it will continue to purchase government securities as previously announced ("QE2"), including reinvesting principal payments from its holdings. The FOMC downgraded its economic growth forecast, acknowledged inflationary pressures have moved from commodity inflation to core inflation, yet insists inflation remains too low. The Fed considers inflationary pressures to be transitory, but monitors the evolution of inflation and inflation expectations. We may need to revise the meaning not only of the word transitory, but also...