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Keyword: freemoney

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  • Operation Helicopter: Could Free Money Help the Euro Zone?

    01/09/2015 1:19:20 AM PST · by Olog-hai · 8 replies
    Der Spiegel ^ | January 06, 2015 – 12:22 PM | Anne Seith
    It sounds at first like a crazy thought experiment: One morning, every resident of the eurozone comes home to find a check in their mailbox worth over €500 ($597) and possibly as much as €3,000. A gift, just like that, sent by the European Central Bank (ECB) in Frankfurt. The scenario is less absurd than it may sound. Indeed, many serious academics and financial experts are demanding exactly that. They want ECB chief Mario Draghi to fire up the printing presses and hand out money directly to the people. The logic behind the idea is that recipients of the money...
  • Should We All Get €12,000 a year? ($16k)

    07/31/2014 3:20:56 PM PDT · by nickcarraway · 27 replies
    The Local ^ | 25 Jul 2014
    What would happen if everyone was suddenly paid €1,000 a month with no strings attached? "Let's try it," says Michael Bohmeyer, who raised the money through crowdfunding and will now experiment with the idea of a basic income for one year. The 29-year-old lives in a rented apartment in Berlin with his wife and their daughter and eats lunch in a welfare kitchen. Having time is more important than having money, he says. He has come to that conclusion after living on a self-imposed basic income for half a year. As a web developer who helped start two companies, he...
  • Free money "Magic Christian" - Peter Sellers gave it away before Twitter benefactor

    06/01/2014 1:33:43 PM PDT · by doug from upland · 16 replies
    youtube ^ | 6-14
    This free money giveway is even better than than the Twitter lunacy we are witnessing in the Bay Area, SoCal, and Colorado. FREE MONEY! Watch people jump into a huge vat of cow fertilizer, urine, and blood to get the free money in the classic 1969 movie -- THE MAGIC CHRISTIAN. Quite a commentary on society.
  • After 43 years, St. Paul's Union Depot marks return of passenger trains

    05/09/2014 4:59:55 AM PDT · by TurboZamboni · 25 replies
    Pioneer Press ^ | Fred Melo
    Passenger trains are again rolling into St. Paul's historic Union Depot. Ramsey County leaders joined their peers from St. Paul and the state Wednesday to welcome Amtrak to their meticulously restored depot. The first train, the westbound Empire Builder from Chicago, arrived at 11:13 p.m. -- 70 minutes late -- en route to Seattle and Portland, Ore. "Our beautifully restored building is achieving our vision as a multimodal transit facility and a unique gathering place for people," said Ramsey County Commissioner Rafael Ortega, chair of the Ramsey County Regional Railroad Authority, said during ceremonies earlier in the day. But don't...
  • Yellen Echoes Bernanke In First Congressional Testimony As Fed Chair

    02/11/2014 10:21:25 AM PST · by Rodamala · 6 replies
    Forbes ^ | Tuesday 2/11/2014 11:45AM | Samantha Sharf
    In her first testimony before Congress as Federal Reserve Chair Janet Yellen pledged to continue on the path set by her predecessor Ben Bernanke. “His leadership helped make our economy and financial system stronger and ensured that the Federal Reserve is transparent and accountable,” said Yellen in a remarks delivered before the House Committee of Financial Services Tuesday morning.Speaking about the economic recovery, monetary policy and the financial systems Yellen expressed optimism about developments in recent months, but also made it clear work must be done to meet the Federal Open Market Committee’s objectives for the economy.In a note following...
  • Food gift card campaign thrown together to make Wynne look good

    01/03/2014 7:11:48 AM PST · by Squawk 8888 · 4 replies
    Toronto Sun ^ | January 2, 2014 | Christina Blizzard
    TORONTO - There are two kinds of math at work in the chaotic gift card program thrown together by Premier Kathleen Wynne and the brain trust in her office. As a math-challenged journalist, I’ll hand over the calculations to an accountant reader, who e-mailed me some startling numbers. Those who lost power and food in the pre-Christmas ice storm were promised gift cards to the value of either $100 per family or $50 for an individual. Loblaws, Sobeys, Metro, Shoppers Drug Mart are among the supporters of the program. They’ll donate $25,000 each — to be matched by the province....
  • Minn. health exchange seeks $55M federal grant

    08/08/2013 5:08:57 AM PDT · by TurboZamboni · 8 replies
    pioneer press ^ | 8-8-13 | Administration Propaganda(AP)
    ST. PAUL, Minn.—Minnesota's health insurance exchange is seeking a $55 million federal grant to pay for its operations next year. The board of directors of MNsure met Wednesday to review the grant request. Five previous federal grants to Minnesota's exchange added up to $110 million. The $55 million request would cover salaries for about 166 full-time employees who would work on MNsure operations, and would also cover spending on technology, marketing, customer service, administration and other items. The director of MNsure says that by 2015, the exchange is expected to be able to cover its own operating costs through a...
  • Bottomless Subsidies Needed to Keep DOE Electric Truck Project Alive

    07/08/2013 8:29:26 AM PDT · by jazusamo
    NLPC ^ | July 8, 2013 | Paul Chesser
    Despite little news over the past nine months since its last-minute abandonment of an initial public offering that was supposed to raise $76 million in cash, stimulus recipient Smith Electric Vehicles is showing little evidence it can inspire demand for its commercial trucks, like its plug-in car counterparts. Smith’s selling point for its step vans was that, unlike electric automobiles, delivery routes in urban areas did not require a long range between refueling (or, recharging). Frequent stops and short distances alleviated the “range anxiety” that accompanies cars like the Nissan Leaf. Frito-Lay, Coca-Cola and Staples were cited as early adopters...
  • German (political) parties get record state handouts

    05/14/2013 12:16:48 PM PDT · by Olog-hai · 2 replies
    TheLocal.de ^ | 13 May 13 12:01 CET | (The Local/jcw)
    Germany’s political parties will receive more state money than ever before, it was reported on Monday. In the run-up to September’s election, the country’s parties will be fueled by over €154 million ($199.7 million). The ruling Christian Democratic Union (CDU), the Social Democrats (SPD), the Greens, socialist Linke party, and the ailing junior coalition partner the Free Democratic Party (FDP) will be getting four percent more state funding this year, the Saarbrücker Zeitung reported. …
  • CALIFORNIA: SEIU Local 1000 president supports retirement for all

    05/08/2012 3:10:27 PM PDT · by SmithL · 27 replies
    SacBee: The State Worker ^ | 5/8/12 | Jon Ortiz
    Risky retirement plans aren't doing right by U.S. workers, SEIU Local 1000 President Yvonne Walker says in a CNN.com piece published today, and she thinks a California retirement-for-all bill is a "step in the right direction." Walker's op-ed item refers to Senate Bill 1234, by Sen. Kevin de León, D-Los Angeles, which would establish a state-administered retirement fund for private-sector workers.
  • ‘Obama Money’ Rumor Has People Lining Up In NYC...Again

    04/17/2012 9:02:33 AM PDT · by doug from upland · 38 replies
    theblaze ^ | 4-2012
    (VIDEOS AS THE LINK) ‘Obama Money’ Rumor Has People Lining Up In NYC...Again Remember in the fall of 2009 when thousands turned out in Michigan try and get free “Obama money?” Well, it’s happened again — but this time it could be a scam. Responding to a local rumor, people are standing in line for hours, turning over valuable personal information and expecting to receive a government handout in New York City. If this sounds familiar, it is. Back in the fall of 2009, thousands of people stood in line in Michigan expecting to be given some Obama money. It...
  • Be honest, tell taxpayers how much we owe

    01/22/2012 7:41:57 AM PST · by SmithL · 7 replies
    Contra Costa Times ^ | Updated 1/22/12 | Daniel Borenstein - Staff columnist
    It's time for public agencies to come clean about their debt.On Wednesday morning, we editorially criticized the Moraga Orinda Fire District for plans to borrow $2 million for a new administration building that was twice the size it needed when there was adequate office space available for lease in Orinda City Hall. That night, the fire district board, in a stunning reversal, canceled the deal.It was the right decision, although some board members said they made it only because of bad publicity. Director Frank Sperling said individuals and organizations "have created a perceived reality through purposeful misinformation."Actually, it's the district...
  • Fed says expand Fannie, Freddie role to aid housing

    01/05/2012 9:25:34 AM PST · by mojito · 19 replies
    Reuters ^ | 1/5/2012 | Mark Felsenthal and Margaret Chadbourn
    The U.S. government-run mortgage finance firms Fannie Mae and Freddie Mac could play a bigger role in turning around the battered U.S. housing market, the Federal Reserve told Congress, a call that looks set to run into stiff political opposition. The Fed, in a paper sent to lawmakers on Wednesday, outlined an array of steps that could be taken to help the housing sector, including allowing Fannie and Freddie to provide cheaper mortgages to a broader pool of homeowners. The two companies, the biggest sources of U.S. mortgage funding, were seized by the government in 2008 when they were on...
  • Rep. Jesse Jackson Calls on Government to Hire All Unemployed Americans for $40,000 Each (Really?)

    10/15/2011 5:31:09 AM PDT · by LUV W · 46 replies
    Fox News ^ | October 14,2011 | FoxNews.com
    Rep. Jesse Jackson Jr. has offered his own $804 billion jobs plan that calls on the federal government to hire the nation’s 15 million unemployed Americans for jobs paying roughly $40,000 each, and bail out all the states and cities facing budget crises. Read more: http://www.foxnews.com/politics/2011/10/14/rep-jesse-jackson-calls-on-government-to-hire-all-unemployed-americans-for/#ixzz1aqvMhOjt
  • Unions, students join Wall Street protesters

    10/05/2011 8:03:24 PM PDT · by quantim · 19 replies
    AP/WorldMag ^ | Oct 5, 10:30 PM EDT | DEEPTI HAJELA and VERENA DOBNIK
    NEW YORK (AP) -- Unions lent their muscle to the long-running protest against Wall Street and economic inequality Wednesday, with their members joining thousands of protesters in a lower Manhattan march as smaller demonstrations flourished across the country. Protesters in suits and T-shirts with union slogans left work early to march with activists who have been camped out in Zuccotti Park for days. Some marchers brought along their children, hoisting them onto their shoulders as they walked down Broadway. "We're here to stop corporate greed," said Mike Pellegrino, an NYC Transit bus mechanic from Rye Brook. "They should pay their...
  • The Ron Paul Myth

    09/01/2011 12:44:44 AM PDT · by Absolutely Nobama · 67 replies
    Vanity | 9/1/11 | Alan Levy
    One of the lies Ron Paul's more vocal supporters (his army of cyberstormtroopers) will tell you until they're blue in the face is that the Shame of Texas has a strict constructionist view of the Constitution. They'll hiss, scratch, and burn a cross on your blog for daring to point out the obvious. In other words, they're like Chairman Obama's Drones, big on fascisti passion, small on critical thinking. Let's take a stroll down Memory Hole Lane, shall we ? Here is the text of Ayatollah RuPaul's interview with Neil Cavuto of FOX News back in 2009: -------------------------------------------------------------------------------- NEIL CAVUTO,...
  • Emergency Homeowner's Loan Program (EHLP)

    07/25/2011 9:29:33 AM PDT · by existentialist · 12 replies
    HUD ^ | 7/20/11 | HUD
    EHLP Overview The Dodd-Frank Wall Street Reform and Consumer Protection Act provided $1 billion to HUD to implement the Emergency Homeowners' Loan Program (EHLP). The EHLP is designed to provide mortgage payment relief to eligible homeowners experiencing a drop in income of at least 15% directly resulting from involuntary unemployment or underemployment due to adverse economic conditions and/or a medical emergency. Other EHLP eligibility requirements include: * Income Limit: Applicant has a total household income equal to, or less than, the greater of either $75,000 or 120 percent of the Area Median Income (AMI) for a household size of four...
  • Universal Basic Income(free money for life coming soon)

    07/20/2011 9:55:19 AM PDT · by mainestategop · 30 replies
    Mainestategop ^ | 7/19/11 | Mainestategop
    The above title should say it all. It is a currently unheard of social program but one that will become widely known just like Social security and Universal health care. The Universal Basic Income is essentially getting free money for life with no strings attached. ABSOLUTELY NONE! It is already beginning to take hold in New Zealand and is being contemplated (not surprisingly) by that Communist liberal utopia that Democrats want us to emulate, the European Union. According to websites such as basic income.com and similar websites advocating the implementation of UBI, everyone would receive somewhere between six hundred to...
  • Immigration Policy Aims to Help Military Families

    08/01/2010 6:36:25 PM PDT · by Dubya · 8 replies · 2+ views
    NEW YORY TIMES ^ | Julia Preston
    Immigration Policy Aims to Help Military Families
  • Many Indigent Refugees to Lose Federal Assistance

    07/31/2010 4:39:45 PM PDT · by Dubya · 19 replies · 2+ views
    NEW YORY TIMES ^ | PEAR, ROBERT
    Many Indigent Refugees to Lose Federal Assistance
  • Governor wants $11 billion water bond removed from November ballot

    06/29/2010 6:46:08 PM PDT · by SmithL · 1 replies
    Contra Costa Times ^ | 6/29/10 | Mike Taugher
    In a stunning reversal, Gov. Arnold Schwarzenegger announced Tuesday he would attempt to pull an $11.1 billion water bond off the November ballot and instead ask voters to approve it two years from now. The governor said the delay was needed to focus on the budget, but the economic climate and persistent criticism of the bond's cost was making the measure a tough sell.
  • Big bucks from BP beats dragging nets for shrimp

    06/15/2010 5:45:51 PM PDT · by Hurricane · 2 replies · 348+ views
    Here is the reason fish/shrimp will be scarce. I witnessed it first hand. Read the link.
  • Anti-Tobacco Lobbying Is Bad For You

    05/10/2010 4:51:37 AM PDT · by mattstat · 5 replies · 214+ views
    There is a smoking story making the rounds here in New York. Seems the New York State Legislature has cut funding thirty-percent to its anti-smoking program. These cuts were over a three-year period. Many other programs and agencies also saw their funding reduced: the State has a large budget deficit. Among other consequences, the tighter anti-smoking budget forced a scaling back of the free nicotine-patch program. That’s not my “free”, incidentally. It arose from the fruitful imagination of one Russ Sciandra, who bills himself director of the Center for a Tobacco Free New York, a mysterious not-for-profit. We must not...
  • Gov't unveils plan to shrink some home loans

    03/26/2010 7:27:10 AM PDT · by outpostinmass2 · 28 replies · 458+ views
    WASHINGTON—After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans. Discuss COMMENTS (86) The multifaceted effort will let people who owe more on their mortgages than their properties are worth get new loans backed by the Federal Housing Administration, a government agency that insures home loans against default. That would be funded by $14 billion from the administration's existing $75 billion foreclosure-prevention program. But it could spark criticism that the government is shouldering too much risk by taking on...
  • Dan Walters: California's politicos dig deeper hole

    03/07/2010 9:08:11 AM PST · by SmithL · 20 replies · 73+ views
    Sacramento Bee ^ | 3/7/10 | Dan Walters
    If you find yourself in a hole, the old adage advises, the first thing you should do is stop digging. California is buried in a deep economic and fiscal hole, but our politicians seem bent on burrowing even deeper. The state has tens of billions of dollars in unsold bonds, and Treasurer Bill Lockyer has warned that with the state's lowest-in-the-nation credit rating he may market new debt only sporadically. Lockyer warned against a big water bond issue last year, but Gov. Arnold Schwarzenegger and legislators ignored him. They approved an $11.2 billion bond issue, loaded with pork, that will...
  • State's debt burden climbs higher

    11/24/2009 7:51:09 AM PST · by SmithL · 10 replies · 386+ views
    Sacramento Bee ^ | 11/24/9 | Kevin Yamamura
    Before the economy went bust, California voters authorized multibillion-dollar charges on the state's infrastructure credit card. They approved generational investments in roads, schools and levees, as well as hospitals and stem-cell research. At the time, fiscal experts projected that California at most would have to spend roughly 6 percent of its annual budget on payments. But after an economic collapse, estimates now show that debt service could consume as much as 10 percent of the annual general fund budget by 2014-15 – an "unprecedented" ratio, according to the Legislative Analyst's Office. The latest debt warning comes weeks after lawmakers and...
  • Senate Passes Unemployment Extension, Home Buyer Tax Break

    11/04/2009 4:13:07 PM PST · by traumer · 95 replies · 4,327+ views
    WASHINGTON -- The U.S. Senate late Wednesday unanimously passed legislation extending unemployment benefits and also significantly expanding a homebuyer tax credit that was championed by Republican U.S. Sen. Johnny Isakson of Georgia. The Senate voted 98-0 to extend unemployment benefits for the jobless by up to 20 weeks. In states with unemployment rates of 8.5 percent and above -- in Georgia the unemployment rate is 10.1 percent -- the jobless could receive up to 99 weeks of benefits, which average about $300 per week...
  • Rush Limbaugh: Obama Money (VIDEO of Rush Playing Audio of Detroit Money 'Giveaway' Mob)

    10/09/2009 3:49:19 AM PDT · by SkyPilot · 20 replies · 2,893+ views
    YouTube ^ | 9 Oct 09 | Rush Limbaugh
    Listen and watch HERE Related thread: Chaos erupts at Cobo as thousands jockey for federal aid (Obama "Stimulus" Giveaway)
  • Chaos erupts at Cobo as thousands jockey for federal aid (Obama "Stimulus" Giveaway)

    10/08/2009 10:13:55 AM PDT · by SkyPilot · 73 replies · 4,239+ views
    newstin ^ | 8 Oct 09 | George Hunter, Charlie LeDuff
    Detroit -- The lure of federal cash assistance for needy Detroit families sparked pandemonium Wednesday at Cobo Center, as hundreds of city residents pushed, jostled and trampled others in a rush to apply for the aid. In a scene that spoke volumes about the despair of one of the nation's poorest cities, about 50,000 Detroiters descended on downtown to pick up 5,000 applications in hopes of enrolling in a federal program that pays a few hundred to a few thousand dollars to low-income residents to help pay rent and utilities. In fact, some 60,000 residents applied for the aid over...
  • Cash for Clunkers Finds Celebrity Support

    08/13/2009 9:58:03 AM PDT · by La Lydia · 13 replies · 514+ views
    AutoEvolution ^ | August 13, 2009 | Aline Dumetrache
    An organization that informs people of the Cash for Clunkers program has recently announced that several celebrities have showed their support in giving consumers the simple and easy summary of the program, that started just a few days ago.Though Americans have already shown great interest in program, which is officially known as CARS - Car Allowance Rebate System, the support Dancing With The Stars' Cristian de la Fuente and Ugly Betty star Angelica Vale does not hurt at all. "This government subsidy will make it easy for people to get a new car that is a lot less expensive to...
  • Who's on hook for failed clunker deals?

    08/13/2009 7:43:13 AM PDT · by SmithL · 14 replies · 1,159+ views
    San Francisco Chronicle ^ | 8/13/9 | Kathleen Pender
    A battle is brewing among consumer groups, car dealers and the government over the use of contingency agreements in the Cash for Clunkers program.At issue is who is left holding the bag if a transaction goes awry.Under the Car Allowance Rebate System, a consumer turns in a qualified clunker and gets $3,500 or $4,500 off the price of a new car. The dealer must make sure the clunker and the new car meet program requirements and get the proper documentation - including proof of insurance and registration - from the owner. After the buyer drives off, the dealer must electronically...
  • Don't Worry, the Government Will Pay Your Rent or Mortgage

    07/17/2009 4:03:39 PM PDT · by arthurus · 9 replies · 579+ views
    Seeking Alpha ^ | July 16, 2009 | Trader mark
    But larger than that - my prediction is Fannie/Freddie and then above and beyond that, for people who do not have 20% down and won't pay for insurance, the FHA - will wage a war against current mortgages. We'll see interest rate buydowns, we'll see principal reductions, we'll see anything and everything that basically gives a big (bleep) you to people who have been honoring the system. In return we will tell those people, well if your neighbor's house goes into foreclosure we will all suffer, so it's a necessary evil.
  • Gas tax raid would 'devastate' Bay Area road agencies

    06/07/2009 6:05:14 PM PDT · by SmithL · 17 replies · 825+ views
    Oakland Tribune ^ | 6/6/9 | Josh Richman
    Potholes? Faded road stripes? Downed signs or faulty traffic lights? Too bad; take a number, and drive carefully. Among Gov. Arnold Schwarzenegger's proposals for closing the state's $24 billion budget deficit is to redirect gas-tax away from cities and counties to pay debt service on state highway bonds — draining $744 million from local government coffers in the next fiscal year and $745 million in the year after that. "It'll have a devastating effect here," said Alameda County's Public Works Director Daniel Woldesenbet. "This isn't just a public works issue, but a public safety issue." Woldesenbet said his agency stands...
  • Kanjorski flips, votes for stimulus (Congressman "Free Money)

    02/14/2009 7:00:51 PM PST · by Born Conservative · 12 replies · 659+ views
    The Times Tribune (Scranton PA) ^ | 2/14/09 | BORYS KRAWCZENIUK
    U.S. Rep. Paul E. Kanjorski reversed himself and voted for the final version of the $787 billion economic stimulus package approved Friday by Congress. As expected, Rep. Chris Carney and Sens. Arlen Specter and Bob Casey also voted for the package. Mr. Kanjorski, D-11, opposed the first version, which passed the House late last month. He cited Democratic leadersÂ’ failure to allow bipartisan input into the bill, CongressÂ’ failure to spend enough time preparing the bill, its lack of enough money for road, bridge and infrastructure repairs and construction, that it didnÂ’t provide enough help for retired or unemployed Americans...
  • General Motors to Invest $1 Billion in Brazil Operations - Money to Come from U.S. Rescue Program

    01/25/2009 8:30:28 AM PST · by MaryFromMichigan · 52 replies · 2,021+ views
    Latin American Herald Tribune ^ | January 25, 2009 | Russ Dallen
    SAO PAULO- General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker. According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to “complete the renovation of the line of products up to 2012.” We're sending a Billion dollars to Brazil?
  • AP Feels Sorry for Mexico Over Drop in 'Money Sent Home' By Returning Illegals

    12/08/2008 6:35:48 AM PST · by Mobile Vulgus · 16 replies · 683+ views
    Publius' Forum ^ | 12/08/08 | Warner Todd Huston
    I suppose the Associated Press wants us all to feel sorry for Mexico. With so many illegals here either having trouble finding work or actually returning home, Mexico is finding that its citizens illegally in the US have fewer American dollars to send home. AP says the "situation is so serious" that the Mexican government is trying to create new programs to reinforce ties between illegals here and its citizens at home. Of course, no where in AP's story does it seem to occur to anyone that Mexico clean itself up and offer opportunities there as opposed to trying to...
  • LON CARROLL { Money for all! }

    10/30/2008 7:52:19 AM PDT · by SmithL · 1 replies · 217+ views
    San Francisco Chronicle ^ | 10/30/8 | Jon Carroll
    You may have read that the Bush administration is seriously considering giving taxpayer dollars to the Big Three automakers. This would be an extension of the Great Bailout of 2008, which started with banks and brokerage houses and spread to at least one insurance company. The auto companies are arguing that they deserve money too because they all have financing subsidiaries that provide money for car loans, and these subsidiaries are being hurt by the credit crunch as much as other lending entities. Which is, of course, true, but: please. The auto companies are not in trouble because their auto...
  • Who Do You Trust? FREE MONEY: Video of Senate Bail Out Plan

    10/01/2008 9:08:15 PM PDT · by Jmouse007 · 12 replies · 688+ views
    If you want to see what is really going on with the "bail out" just look at the video link it will tell you everything you need to know about "free money" and what these "jokers" really have in mind. http://www.youtube.com/watch?v=Svf2aWr0hfI
  • US Bail-Out Bill Fails

    09/30/2008 11:05:38 AM PDT · by swarthyguy · 9 replies · 480+ views
    ORBAT ^ | 9-30-2008 | R. Rikhye
    Twelve Republicans used the excuse of an inflammatory speech by the House Speaker, Congressperson Nancy Pelosi, to vote "no" whereas previously they had indicated a "yes". We heard parts of the speech, and inflammatory it was; though all the facts were correct as to how President Bush had wrecked the US budget over 8 years. But if she sought to blame the mess on President Bush, that would definitely be a no-no: this nonsense started during President Clinton's time, and strange as it may seem, there are Democratic Wall Street people as much as Republican Wall Street people. The Democrats...
  • Burning Down The House: (Karl Rove - Bush Version)

    09/30/2008 6:55:09 AM PDT · by RDasher · 178 replies · 1,437+ views
    You Tube ^ | 9/29/2008 | fromthepen
    Unbelievable video of Bush promoting zero down loans for minorities....
  • Tuition aid to illegal immigrants falters

    05/22/2008 10:05:04 AM PDT · by Disturbin · 21 replies · 172+ views
    The Boston Globe ^ | May 22, 2008 | Maria Sacchetti
    Governor Deval Patrick has decided against taking action to allow illegal immigrants to pay resident tuition and fees at state colleges and universities this fall, an administration official said yesterday, crushing advocates who were counting on the governor to deliver on a pledge to support the students. Earlier this year, Patrick said he was considering ways to offer illegal immigrants in-state rates, such as issuing a regulation, adding that it would be "the right thing to do." The governor declined to comment yesterday, but an administration source who spoke on condition of anonymity said Patrick decided that there were "significant...
  • NY Fed: 10-yr term for planned JPM loan to buy Bear

    03/24/2008 4:34:47 PM PDT · by Attention Surplus Disorder · 27 replies · 442+ views
    Reuters ^ | 03/24/2008 | Chris Reese and Richard Leong
    NEW YORK, March 24 (Reuters) - The Federal Reserve Bank of New York said on Monday a subordinated note and a loan in a takeover offer by JPMorgan Chase & Co. (JPM.N: Quote, Profile, Research) of Bear Stearns Cos (BSC.N: Quote, Profile, Research) will have a term of 10 years, and will be renewable by the New York Fed. The rate due on the loan is the primary credit rate, which currently stands at 2.50 percent and fluctuates with the discount rate, the New York Fed said. The term on the subordinated note is the primary credit rate plus 475...
  • Stimulus Games

    02/08/2008 3:30:21 PM PST · by Kaslin · 9 replies · 331+ views
    WSJ ^ | February 8, 2008
    So much for "postpartisan" Beltway harmony. Remocrats and Depublicans were supposed to be making beautiful music together on economic "stimulus," but Senate Democrats apparently didn't get the song sheet. They spent most of this week assailing Republicans for refusing to spend even more than House Democrats want to spend -- solely with a goal of picking up more Senate seats next year. President Bush and Speaker Nancy Pelosi first agreed on $146 billion in tax rebates, including for people who don't pay income taxes; then Mr. Bush consented to billions more in checks for seniors. But Senate Majority Leader Harry...
  • Woman charged with failing to report mother's death

    11/28/2007 8:51:29 AM PST · by ConservativeStatement · 20 replies · 76+ views
    Ocala Star-Banner ^ | November 28, 2007 | AUSTIN L. MILLER
    OCALA - A woman who reportedly confessed to Marion County sheriff's deputies that she stuffed the body of her 83-year-old mother into two black garbage bags and dumped her along a dirt road so she could cash her retirement check was arrested Tuesday and charged with failure to report a death, a misdemeanor. Inspector Mike Mongeluzzo arrested Debra Loreth, 53, of Belleview. On Monday, Mongeluzzo learned from the Medical Examiner's Office that the cause of Jeanne Vasa's death was "undetermined." Lake County Sheriff's Sgt. John Herrell said detectives have filed paperwork with the State Attorney's Office seeking a charge of...
  • Computer Glitch Leads To Brawl At Wauwatosa Kmart (2 People Arrested)

    11/27/2007 5:05:31 AM PST · by Red in Blue PA · 99 replies · 310+ views
    wisn ^ | 11/26/2007 | Staff
    WAUWATOSA, Wis. -- A melee at a Kmart store in Wauwatosa Saturday morning was started by a computer glitch. The store was running a promotion in which it would give away $10 to anyone applying for its credit card, but the computer glitch led to everyone's application being granted -- bestowing up to $4,000 in instant credit to anyone who applied even if they shouldn't have qualified. Once word started to spread about the so-called "free money" Saturday, witnesses said things got pretty nuts inside the Wauwatosa store. "They were having a big fight. Two ladies was jumping a lady...
  • Man Tries to Deposit Fake $1M Bill

    11/28/2007 5:54:15 AM PST · by jdm · 69 replies · 78+ views
    Examiner ^ | Nov. 28, 2007 | Staff
    AIKEN, S.C. - A bank teller in Clearwater had a million reasons not to open an account for an Augusta, Ga., man Monday, authorities said. Alexander D. Smith, 31, was charged with disorderly conduct and two counts of forgery after he walked into the bank and tried to open an account by depositing a fake $1 million bill, said Aiken County Sheriff's spokesman Lt. Michael Frank. The employee refused to open the account and called police while the man started to curse at bank workers, Frank said. The second forgery charge came after investigators learned Smith bought several cartons of...
  • Fed Intervenes in Financial System

    11/01/2007 10:28:31 AM PDT · by Crazieman · 64 replies · 145+ views
    AP ^ | 11-1-07 | Jeannine Aversa
    Fed Injects $41 Billion Into US Financial System to Help Ease Credit Problems WASHINGTON (AP) -- The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, one of its largest cash infusions to help companies get through a credit crunch that took a turn for the worse in August. The action comes one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate for the second time in six weeks to protect the economy from the ill effects of collapse in the housing market, aggravated by...
  • Aid cutoff looms for poor

    10/04/2007 7:46:55 AM PDT · by SmithL · 10 replies · 371+ views
    Contra Costa Times ^ | 10/4/7 | Sara Steffens
    Six-month limits and tougher work rules could be around the corner for some single adults receiving welfare in Alameda County. General assistance, better known as GA, is the county's safety net for more than 7,200 adults with little or no income. For many of them, the GA monthly grant of $336 provides a last toehold against homelessness. But ballooning costs have left the Social Service Agency no choice but to cut back, said interim agency director Yolanda Baldovinos. "This is not something we want to do," she said. "We don't want to do time limits on any of our clients,...
  • Richardson calls for college loan help

    09/04/2007 5:07:47 PM PDT · by george76 · 17 replies · 306+ views
    Associated Press ^ | Sep 1 | PHILIP ELLIOTT
    Presidential hopeful Bill Richardson on Saturday said a portion of college loans should be forgiven if graduates complete a year of national service. The New Mexico governor plans to unveil the specifics of his education plan in Portsmouth in a few weeks, but gave a preview during a house party in a Londonderry backyard. "As part of your college loan structure — in other words we'll pay them off, if you give your country one year of national service: work in a forest, clean up a forest ... work in a hospital, go in the military, go in the Peace...
  • Spitzer Threatens Suit Over Children's Health Care Coverage

    08/28/2007 2:10:42 PM PDT · by neverdem · 20 replies · 816+ views
    NY Sun ^ | August 28, 2007 | JACOB GERSHMAN
    New York State will sue the Bush administration unless the federal government grants the state a waiver to extend public health coverage to tens of thousands of more children who are not covered by Medicaid, Governor Spitzer said yesterday. A lawsuit would be a last resort for the Spitzer administration, which is angling for Congress to step in and override newly imposed federal guidelines that have derailed the governor's effort to expand the state's health coverage program for children. Lawmakers are expected to pass a reauthorization of the State Children's Health Insurance Program when they return from their summer recess...