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Keyword: losses

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  • Chelsea Clinton’s Husband Closing Hedge Fund After Losing 90 Percent Of Its Money

    07/25/2016 1:55:20 PM PDT · by boknows · 97 replies
    Daily Caller ^ | 5/11/16 | Blake Neff
    The effect on Mezvinsky’s hedge fund has been gruesome. It raised $25 million for its investments, but had already lost about 40 percent of its value by early 2015. Rather than shuttering the fund then, Mezvinsky pressed ahead.
  • Big review set by Democrats after election losses

    11/08/2014 2:39:09 PM PST · by ImJustAnotherOkie · 32 replies
    AP ^ | Nov 8, 4:35 PM EST | KEN THOMAS
    WASHINGTON (AP) -- Democrats are planning an extensive review of what went wrong in the 2014 and 2010 elections, hoping to find ways to translate success in presidential campaigns into future midterm contests. A party committee will conduct a "top-to-bottom assessment" of the Democrats' performance in recent midterm elections and try to determine why they have struggled to turn out its core voters in nonpresidential elections. "It's apparent that there are increasingly two separate electorates: a midterm electorate and a presidential electorate. We win one and we don't seem to be able to win the other,"
  • Fiat losses widen on Chrysler deal

    05/06/2014 3:50:00 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | May 6, 2014 6:06 PM EDT | Colleen Barry
    Fiat SpA’s deal to complete its purchase of Chrysler helped widen first-quarter losses, the Italian car maker reported Tuesday following a day-long presentation in Detroit of its new five-year business plan for the combined automakers. The Italian carmaker, based in the northern city of Turin, saw first-quarter losses widen to €334 million ($465 million) from €83 million last year, due to expenses related to the Chrysler deal logged in the first quarter. …
  • Nevada's biggest casinos lose $1.35B in 2013

    01/11/2014 1:43:43 AM PST · by Zakeet · 48 replies
    Fox News / AP ^ | January 10, 2014 | Sandra Chereb
    Nevada's largest casinos, still climbing out of the recession, suffered a combined net loss of $1.35 billion in 2013, marking the fifth straight year without an overall profit, state regulators reported Friday. [Snip] While the casinos' losses grew by 11.2 percent or $136 million, a control board analyst said much of that was tied to increased expenses.
  • Top Dem: Colorado losses due to ´voter suppression, pure and simple´

    09/11/2013 7:06:44 AM PDT · by Nachum · 76 replies
    The Hill ^ | 9/11/13 | Jonathan Easley
    Successful recall elections Tuesday of two Democratic state senators in Colorado were because of “voter suppression, pure and simple,” Democratic National Committee Chairwoman Debbie Wasserman Schultz said Wednesday. Wasserman Schultz blamed lawsuits filed by opponents of gun control to prevent voters from mailing in ballots, the late announcement of polling locations, and “efforts by the NRA, the Koch brothers and other right wing groups who know that when more people vote, Democrats win.” “The recall elections in Colorado were defined by the vast array of obstacles that special interests threw in the way of voters for the purpose of reversing
  • Lights go dim on another energy project Geothermal losses pile up

    07/04/2012 7:00:41 PM PDT · by Nachum · 17 replies
    Washington Times ^ | 7/4/12 | Chuck Neubauer
    A geothermal energy company with a $98.5 million loan guarantee from the Obama administration for an alternative energy project in Nevada - which received hearty endorsements from Energy Secretary Steven Chu and Senate Majority Leader Harry Reid - faces financial problems, and the company’s auditors have questioned whether it can stay in business. Much like Solyndra LLC, a California solar-panel manufacturer with a $535 million federal loan guarantee that went bankrupt, Nevada Geothermal Power (NGP) has incurred $98 million in net losses over the past several years, has substantial debts and does not generate enough cash from its current operations...
  • Lawmakers told Maryland can support 6th casino

    06/13/2012 8:13:17 PM PDT · by Tolerance Sucks Rocks · 3 replies
    The Washington Times ^ | June 12, 2012 | David Hill
    ANNAPOLIS — Maryland can support a sixth casino and adding table games would more than make up for the revenue that competing casino operators could lose, representatives from a consulting firm told state lawmakers Tuesday. Representatives from PricewaterhouseCoopers and the state’s Department of Legislative Services presented a report Tuesday to the state’s Work Group to Consider Gaming Expansion - a panel of legislators and executive-branch officials charged with deciding whether the General Assembly should hold a special session next month to consider a bill legalizing table games and adding a casino In Prince George’s County. Opponents have argued that adding...
  • Wisconsin's place on the electoral map: GOP's top blue-state target?

    04/16/2012 10:44:53 AM PDT · by afraidfortherepublic · 4 replies
    JS Online ^ | 4-16-12 | Craig Gilbert
    Wisconsin is one of nine swing states that will determine the 2012 presidential race, according to this analysis of the electoral map by the Washington Post’s political blog, “The Fix.” The others are Ohio and Iowa in the Midwest; New Hampshire in the Northeast; Virginia, North Carolina and Florida further down the Atlantic Coast, and Colorado and Nevada in the West. Wisconsin is the only state on this list that Democrats have won in each of the past three elections (in fact Democrats have won the state in six straight elections). Of the nine states on this list, it’s also...
  • Flashback Audio: Obama In 2004 Attacks Bush For “Three Dismal Years of Job Losses”…

    02/07/2012 10:28:00 PM PST · by Nachum · 5 replies
    Weasel Zippers ^ | 2/7/12 | Zip
    Sounds more like 2004 Obama campaigning against 2012 Obama.
  • BOVE: The Losses Bank Of America Is About To Take Are "Historic In Proportion"

    06/02/2011 7:27:49 AM PDT · by blam · 13 replies · 1+ views
    TBI ^ | 6-2-2011 | Joe Weisenthal
    DICK BOVE: The Losses Bank Of America Is About To Take Are "Historic In Proportion" Joe Weisenthal Jun. 2, 2011, 9:29 AM In a comment out today, Dick Bove predicts huge losses ahead for Bank of America: It is now believed that BAC will lose an additional $32B in the next three years related to the housing crisis. Approximately, $9B of this money will be derived from its reserve. The remaining $23B will be charged to earnings at the rate of $2B per quarter for the next three years. It is likely that the bank will sell additional assets to...
  • RELIEF - RECOVERY Thread - JAPAN March 18, 2011

    03/18/2011 2:48:40 PM PDT · by goodnesswins · 19 replies
    Anywhere ^ | 3/18/11 | anyone
    In order to keep people appraised of the RELIEF and RECOVERY efforts going on in Japan, and also to focus on the NEEDS they have, this thread is posted.
  • Hoping to cut House losses, Dems try for firewall

    10/08/2010 3:52:29 PM PDT · by mandaladon · 22 replies
    WASHINGTON – Struggling to build a firewall against a Republican takeover, congressional Democrats are pouring money into roughly two dozen tight races around the country in the campaign's closing weeks while pulling it back from others where their chances seem slimmer. With polls showing Republicans increasingly well-positioned to seize control of the House, the Democrats are planning TV ad blitzes to shore up their best-positioned incumbents and a handful of challengers in races they believe they can still win.
  • Berkshire net down 40 percent on derivative losses

    08/06/2010 2:45:14 PM PDT · by NormsRevenge · 16 replies
    Reuters on Yahoo ^ | 8/6/10 | Jonathan Stempel
    NEW YORK (Reuters) – Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent, helped by the takeover of railroad operator Burlington Northern Santa Fe Corp, improvement in insurance underwriting results, and a turnaround in performance at the NetJets corporate plane unit. Net income fell to $1.97 billion, or $1,195 per Class A share, from $3.3 billion, or $2.123, a year earlier. Excluding investments, operating profit rose to $3.07 billion, or $1,866 per share, from $1.78 billion, or...
  • USPS posts $3.5 billion loss as mail volume plunges

    08/05/2010 9:41:55 AM PDT · by Zakeet · 165 replies · 1+ views
    CNN ^ | August 5, 2010 | Hibah Yousuf
    The U.S. Postal Service reported a $3.5 billion loss in its most recent quarter Thursday, as mail volume plummets and retiree health care costs mount. The USPS, a self-supporting government agency that receives no tax dollars, said operating revenue declined 1.8% to $16 billion during the fiscal 2010 third quarter compared to a year earlier, while operating expenses spiked 4.2% to $19.5 billion. The quarterly loss was the fourteenth in the last sixteen quarters, the postal service said. "A significant portion of USPS losses in the past few years has been due to an unprecedented decline in mail volume...
  • Democrats hope Obama 2008 model will help stem midterm losses

    07/05/2010 2:09:55 PM PDT · by edpc · 39 replies
    Washington Post ^ | 5 July 2010 | Chris Cillizza
    To become the nation's first black president, Barack Obama not only won heavy percentages of the black and Hispanic vote but also managed to trim the Democratic Party's traditional deficit among white voters. Four years after Sen. John F. Kerry (D-Mass.) lost the white vote by 17 percentage points, Obama lost it by 12, according to exit polls. While the 2008 gains were generally attributed to Obama's strength with young voters -- he won by 10 points among whites 18 to 29 years old -- he managed to improve on Kerry's showing with white voters across every age demographic.
  • Mass. health meltdown is your future

    05/25/2010 3:56:10 AM PDT · by Scanian · 10 replies · 636+ views
    NY Post ^ | May 25, 2010 | SALLY PIPES
    The future of US medicine under ObamaCare is already on display in Massachusetts. The top four health insurers there just posted first-quarter losses of more than $150 million. Most of them blamed the state's decision to keep premiums at last year's levels for individual and small-business policies, when they'd proposed double-digit hikes to match the soaring costs they've seen under the state's universal-coverage law. The companies have gone to court to challenge the state's action -- it apparently had no basis for its ruling beyond the political needs of Gov. Deval Patrick. If they win, Bay State health premiums will...
  • Democrats Admit Companies Were Correct In Warning Of Major Losses Due To ObamaCare

    04/27/2010 8:18:00 AM PDT · by Starman417 · 56 replies · 3,652+ views
    Flopping Aces ^ | 04-27-10 | Curt
    You recall Waxman's outrage over large companies, such as AT&T, informing its shareholders that they will be taking large hits due to ObamaCare: After the passage of the health care reform bill, some public corporations announced the bill would have adverse affects on how they do business. Deere & Co. announced that it would cost them an additional $150M in expenses, Caterpillar stated in an SEC filing they would earn $100M less in 2010, Verizon sent emails to employees informing them of their expected costs to increase in the short term, and AT&T filed with the SEC that they expect...
  • Fannie & Freddie: The biggest bailout

    03/29/2010 2:49:26 AM PDT · by Scanian · 6 replies · 348+ views
    NY Post ^ | March 29, 2010 | MATTHEW RICHARDSON
    Fannie Mae and Freddie Mac recently announced fresh losses, bringing their total since the fall of 2008 to $126 billion. It barely registered as news -- although taxpayers are completely on the line for the bad debt of these government-sponsored enterprises. There's a chance that the support thrown at the rest of the financial sector -- $465 billion of direct capital, $285 billion of loan guarantees and insurance of $418 billion of assets -- isn't all money down the drain. $175 billion has been returned, the loan guarantees look much safer, and the insurance program, mainly for Citigroup, has been...
  • Bernanke Outlook "Dark" (Obama Is Relying Upon Obamacare To Restart The Recession!)

    03/25/2010 11:55:38 AM PDT · by Stayfree · 31 replies · 1,156+ views
    Business Week, FoxNews and Others ^ | March 25, 2010 | Stayfree
    Federal Reserve Chairman Ben S. Bernanke told lawmakers today that the U.S. government’s budget outlook is “somewhat dark” and Congress needs to agree on a plan to reduce the deficit.
  • U.S. Move to Cover Fannie, Freddie Losses Stirs Controversy

    12/26/2009 5:30:51 PM PST · by Stayfree · 18 replies · 1,201+ views
    Wall St. Journal ^ | JAMES R. HAGERTY and JESSICA HOLZER
    The Treasury announced Thursday it was removing the caps that limited the amount of available capital to the companies to $200 billion each.
  • Harvard ignored warnings about investments

    11/29/2009 6:24:51 AM PST · by Saije · 13 replies · 1,039+ views
    Boston Globe ^ | 11/29/2009 | Beth Healy
    It happened at least once a year, every year. In a roomful of a dozen Harvard University financial officials, Jack Meyer, the hugely successful head of Harvard’s endowment, and Lawrence Summers, then the school’s president, would face off in a heated debate. The topic: cash and how the university was managing - or mismanaging - its basic operating funds. Through the first half of this decade, Meyer repeatedly warned Summers and other Harvard officials that the school was being too aggressive with billions of dollars in cash, according to people present for the discussions, investing almost all of it with...
  • Goldman was exposed to AIG losses: government report

    11/18/2009 10:09:03 AM PST · by NormsRevenge · 13 replies · 543+ views
    Reuters on Yahoo ^ | 11/18/09 | Steve Eder
    NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc (AIG.N), according to a government report. The report by the special inspector general for the government bailout program raises doubts about Goldman's previous claims that it was hedged against potential AIG losses. Last fall, as the financial services industry stood on the brink of collapse, the government stepped in with an unprecedented effort to rescue the system. AIG was among the companies that received billions of dollars from the U.S. Treasury's Troubled...
  • The Equity Rally Rolls On But Investors are Still Buried

    09/19/2009 11:19:21 PM PDT · by givemELL · 3 replies · 408+ views
    Hellenicshippingnews ^ | Sept. 19, 2009 | Michael Pento
    "After the collapse of the equity and real estate bubble that has plagued us for the last 10 years, Americans have absorbed a tremendous blow to their wealth. We all know housing is down about 30% from its peak. But I’d like to concentrate on what the equity market has done since December of 1999 in both nominal, dollar and gold terms. In nominal terms the S&P500 is down “just” 28.6% since the decade began. But when you ask questions like what how much of my purchasing power have I lost vs. gold and other currencies, the data become even...
  • Taxpayers Face Heavy Losses on Auto Bailout

    09/09/2009 3:23:02 AM PDT · by Son House · 27 replies · 1,840+ views ^ | September 09, 2009 |
    The prospect of recovering the government's assistance to GM and Chrysler is heavily dependent on shares of the two companies rising to unprecedented levels, the report said. The government owns 10 percent of Chrysler and 61 percent of GM. The shares "will have to appreciate sharply" for taxpayers to get their money back, the report said. Treasury Department officials have acknowledged that most of the $23 billion provided by the Bush administration is likely to be lost. But Meg Reilly, a department spokeswoman, said there is a "reasonably high probability of the return of most or all of the government...
  • Concern About Job Losses Remains Despite Stimulus Labor Day Highest Unemployment Rate in 26 Years

    09/07/2009 10:43:46 AM PDT · by Son House · 30 replies · 1,892+ views
    ABC News ^ | Sept. 7, 2009 | By JONATHAN KARL and HUMA KHAN
    "We continue to lose manufacturing jobs, government jobs, retail jobs, financial services jobs. The economy continues to contract," Peter Morici, an economist at the University of Maryland More than 2.3 million Americans have lost their jobs since the stimulus went into effect, and that's a big chunk of the 6.9 million jobs that have been lost since the recession started last year. Many economists believe unemployment is a lagging indicator during a recession and is often the last part of the economy to recover. Vice President Joe Biden said last week the stimulus is working better than the administration had...
  • Strong Bank Results Mask Wider Weakness [The Hidden Icebergs!]

    07/16/2009 12:10:31 PM PDT · by Steelfish · 3 replies · 245+ views
    MSNBC ^ | July 16, 2009
    Strong bank results mask wider weakness JPMorgan, Goldman Sachs prosper, but broader industry fights headwinds By John W. Schoen The long national banking nightmare may be over — but only for a select few banks. For the second time this week, a major banking giant has jolted Wall Street with surprisingly strong earnings. On Thursday, JPMorgan Chase & Co., bolstered by strength in investment banking, reported a 36 percent increase in second quarter profit that beat analysts' expectations. The report follows news from Goldman Sachs on Tuesday of a stunning $2.7 billion profit less than a year after one of...
  • Oregon companies' pensions are in peril

    07/05/2009 11:12:19 AM PDT · by goodnesswins · 13 replies · 1,091+ views
    The Oregonian ^ | 7/5/09 | Brent Hunsberger
    For Oregonians, many employers owe more benefits than their retirement plans can pay You think your 401(k) is in bad shape? Your pension could be worse off. Provided you even have one. Thirty-four of 36 large publicly traded employers operating in Oregon owe more retirement benefits than their traditional pensions can pay, an analysis by The Oregonian found.
  • Job losses slow, but is it from government hiring?

    05/08/2009 4:50:00 PM PDT · by Nachum · 9 replies · 531+ views
    Mclatchy ^ | 5/8/2009 | Kevin G. Hall
    WASHINGTON — Friday's better-than-expected employment report from the Labor Department gave another sign that the U.S. economy may be bottoming out, but the jump in the unemployment rate is a reminder for millions of Americans that the outlook for jobs will remain bleak for some time.
  • *****European Banks Desperate To Avoid Recognizing Losses On Their 8 Trillion Us Holding*****

    03/15/2009 3:38:51 PM PDT · by givemELL · 9 replies · 1,113+ views ^ | March 14, 2009 | Eric deCarbonnei
    Summary of key points: European banks own 8 trillion US assets (treasuries, agencies, consumer loans, etc…) and they are losing access to their dollar funding. If European banks are forced to sell their US assets, it will crash the credit markets, and they will have to recognize enormous losses. Since the fed is desperate to prevent the collapse of the US financial system, it lent those European banks 600 billion dollars so that they wouldn’t be forced to sell. Meanwhile, European banks accepted this 600 billion because they don’t want to recognize losses on their toxic US securities. What is...
  • Swiss banks to announce massive losses: report

    02/08/2009 1:57:44 PM PST · by NormsRevenge · 14 replies · 669+ views
    AFP on Yahoo ^ | 2/8/09 | AFP
    ZURICH (AFP) – Two of Switzerland's largest banks, UBS and Credit Suisse, are set to announce combined losses for 2008 of 29 billion Swiss francs later this week, the Sonntag newspaper reported Sunday. According to the report, UBS will announce an annual loss of 21 billion Swiss francs (14 billion euros, 18 billion dollars) on Tuesday, the largest in Swiss history and reflecting the fact the company was one of the banks hardest hit by the US subprime loan crisis. Last November, UBS posted a net profit of 296 million Swiss francs for the third quarter following a year of...
  • Toxic debt losses now £1,800bn, say Bank of England

    10/27/2008 6:37:35 PM PDT · by DeaconBenjamin · 38 replies · 616+ views
    Telegraph (UK) ^ | 12:24AM GMT 28 Oct 2008 | By Philip Aldrick and Edmund Conway
    Losses incurred by the world's major financial institutions on "toxic" assets hoovered up in the final boom years have hit $2,800bn (£1,800bn), according to the Bank of England. The Bank's estimates on the size of writedowns facing banks, insurers and hedge funds have more than doubled since its last update in April, and raise the spectre of massive new provisioning by Britain's troubled lenders. Royal Bank of Scotland, for one, is expected to reveal another £4bn of writedowns on Friday.In the UK, the Bank calculates, "mark-to-market losses" have hit £123bn compared with the £63bn estimated in April. To date, Britain's...
  • Buying wings but operating rotors

    05/13/2008 11:21:53 AM PDT · by Dawnsblood · 14 replies · 158+ views ^ | 4/11/08 | Thomas P.M. Barnett
    If I told you that improvised explosive devices (IEDs) were the leading cause of U.S. casualties in Iraq, you'd expect the Pentagon would have mounted a major R&D effort to defeat this threat. And you'd be right. If I told you that helicopter crashes and shoot-downs were the leading cause of U.S. casualties in Afghanistan, you'd expect the Pentagon would have mounted a major R&D to defeat that threat as well. But you'd be wrong. Helicopter losses are the No. 1 cause of U.S. casualties in high-altitude, mountainous Afghanistan and the third leading cause in Iraq. Yet Pentagon R&D spending...
  • Clinton Ignores Losses, Gets Booed

    02/13/2008 7:00:20 AM PST · by jdm · 152 replies · 399+ views
    Captain's Quarters ^ | Feb. 13, 2008 | Ed Morrissey
    After Barack Obama swept the Potomac Primaries last night, one might have expected Hillary Clinton to say a few words to her supporters to explain the losses. If so, the crowds that turned out for her in Texas had to manage their disappointment. They managed to let her know when they disagreed with her, however: As news of her triple defeat in the Potomac Primary sank in, Sen. Hillary Rodham Clinton did what has become a specialty in recent weeks: She headed someplace else. After flying from Virginia to Texas for a rally on Tuesday night, Clinton did not publicly...
  • Clinton dismisses weekend losses (Democrat activists and black voters don't matter...)

    02/11/2008 4:57:32 PM PST · by jdm · 18 replies · 269+ views
    CNN ^ | Feb. 11, 2008 | by Peter Hamby
    **EXCERPT** WHITE MARSH, Maryland (CNN) — Hillary Clinton on Monday explained away Barack Obama's clean sweep of the weekend's caucuses and primaries as a product of a caucus system that favors "activists" and, in the case of the Louisiana primary, an energized African-American community.She told reporters who had gathered to watch her tour a General Motors plant here that "everybody knew, you all knew, what the likely outcome of these recent contests were.""These are caucus states by and large, or in the case of Louisiana, you know, a very strong and very proud African-American electorate, which I totally respect and...
  • Printers' ink blues (save the tears)

    05/04/2007 6:19:16 AM PDT · by Zakeet · 9 replies · 468+ views
    The Washington Times ^ | May 4, 2007 | Wesley Pruden
    The news about American newspapers is only semi-bad, but you'd never know it from all the weeping, wailing and gnashing of teeth on Wall Street. The attempted kidnapping this week of the Wall Street Journal, which Rupert Murdoch covets to make a compliant cog in his media machine, has focused attention on newspapers and why they're such targets for the barons of finance. Nearly everyone is rooting for the owning Barclay family of Boston to keep the Journal and its reputation safe from Lord Copper, but the stakes are so enormous that nobody is betting against the king of the...
  • GM reports loss over all, but operating profit rises

    10/25/2006 2:18:38 PM PDT · by Zakeet · 8 replies · 431+ views
    The International Herald Tribune ^ | October 25, 2006 | Nick Bunkley
    DETROIT General Motors reported a loss over all but an unexpectedly large profit from operations for the third quarter Wednesday. The figures bolstered claims by executives that the company's effort to turn itself around is gaining traction. GM earned $529 million in the July- to-September period, excluding special charges. In the same quarter last year, it lost more than $1 billion, on its way to a full-year loss of $10.6 billion. The latest results were equivalent to 93 cents a share; Wall Street analysts had projected 45 cents. Revenue for the quarter totaled $48.8 billion. The automaker's results contrasted sharply...
  • Gambler argues it's her business; court lets her deduct losses

    05/17/2006 7:14:28 AM PDT · by Rakkasan1 · 49 replies · 1,219+ views
    Pioneer Press ^ | 5-17-06 | SHANNON PRATHER
    Estelle Busch may have been a loser at the slot machines, but she won when she took on the Minnesota state tax system. The Minneapolis woman did it by claiming to work more than full time — 60 hours a week, in fact — at gambling. She said she won $1.5 million and lost $1.7 million over three years. The state said she couldn't deduct her gambling losses — $200,000 — under applicable Minnesota tax law. Instead, the Department of Revenue audited her returns and demanded $102,000 in back taxes. But Busch argued hers weren't gambling losses; she was running...
  • Housing slowdown deepens in Mass.

    04/26/2006 10:32:45 AM PDT · by george76 · 64 replies · 1,921+ views
    Boston Globe ^ | April 26, 2006 | Kimberly Blanton
    Single-family home sales and prices in Massachusetts fell 1.5 percent in March, capping a first quarter in which sales slowed dramatically from the previous year... ''Inventory is at record highs, so buyers are taking their time," said David Wluka, president of the Massachusetts Association of Realtors. ''They can pick among several houses so they don't feel the pressure." The slowdown in Massachusetts' housing market ran counter to a surprising pick-up in March in nationwide sales of homes, condominiums, and townhouses. Analysts had predicted that strong February sales... The housing market in Massachusetts ''simply isn't as strong as it is in...
  • Immigration cited as reason for U.S. losses

    03/23/2006 9:26:18 AM PST · by NormsRevenge · 56 replies · 1,300+ views
    Daily Bulletin ^ | 3/23/06 | Sara A. Carter
    It's a widespread belief, one reinforced by public officials including President Bush: ``Illegal immigrants do the jobs Americans won't do.'' But it's being challenged in a five-year study that concludes millions of undereducated Americans are without work in a labor market oversaturated by illegal immigrants. Steven Camarota, director of the Center for Immigration Studies, a think tank that favors reduced immigration, released the findings Wednesday in Washington, D.C. The study calls into question the theory that America is desperately short of underskilled workers, Camarota said. More importantly, he added, the research concluded that illegal immigration had a direct effect on...
  • Cell Phones Prove Deadly, Three Separate S.C. Crashes Leave 4 Dead (US 2005 losses soar over 42,000)

    12/25/2005 3:13:57 AM PST · by Libloather · 88 replies · 3,039+ views
    Fort Wayne ^ | 12/25/05 | Joshua StoweSouth
    Cell phones prove deadly Contributor in 14 fatalities this year on Toll Road, police say By Joshua Stowe South Bend Tribune Posted on Sun, Dec. 25, 2005 ELKHART – Nick Vilders sees his cell phone as a lifesaver. The Orland man said he’s placed countless calls to stay awake while driving home after a day’s work as a building maintenance employee on the Indiana Toll Road. “I have a cell phone, I ain’t gonna lie,” Vilders said. Police and safety experts say Vilders’ attitude, while common, puts him at risk. They say it’s a mistake to think a person can...
  • Report: 34 Editorial Employees Accept 'Boston Globe' Buyout Offer

    11/22/2005 11:39:46 AM PST · by LdSentinal · 25 replies · 1,216+ views
    Editor & Publisher ^ | 11/22/05 | E&P Staff
    NEW YORK The application deadline for the Boston Globe's buyout package passed yesterday, and media reports indicate that at least 34 editorial employees have applied for the deal. That number about matches the Globe's goal for cuts. Writing in the Boston Phoenix, former Globe media writer Mark Jurkowitz reports that those seeking buyouts include "eight staffers in a Living/Arts (features) department that would be hit particularly hard by the cutbacks." Jurkowitz adds: "The company still has to respond to the applicants as well as negotiate how long some of the departees will remain in their jobs. But among those confirmed...
  • 'Orlando Sentinel' Publisher Announces Plan to Cut Jobs

    11/16/2005 12:55:58 PM PST · by LdSentinal · 28 replies · 646+ views
    Editor and Publisher ^ | 11/16/05 | Joe Strupp
    NEW YORK Orlando Sentinel Publisher Kathy Waltz told staffers in a memo today that the paper would likely cut "a limited number of positions," but did not state how many jobs would be eliminated or from which departments they would come. "As we finalize plans, decisions will be communicated first to affected employees, then companywide in the next few weeks," she said in the memo, which was first posted on the Romenesko Web site. "Our company's goals remain the same -- to serve our readers, advertisers and communities, expand our audience and grow revenues. To accomplish this, we are...
  • Hurricane-Felled Timber Worth Billions (agricultural losses top $3 billion; timber hardest hit)

    10/10/2005 3:34:45 PM PDT · by Libloather · 34 replies · 946+ views
    Fox 23 ^ | 10/10/05
    Hurricane-Felled Timber Worth Billions United Press International U.S. timber companies are scrambling to harvest tons of timber felled by hurricanes Katrina and Rita. The companies are moving as quickly as possible to recover the millions of trees before they rot, the Wall Street Journal reported Monday. Industry analysts estimate that more than 20 billion board feet are down, enough to build 1 million houses. Timber down in Louisiana is worth $900 million; in Mississippi, the felled timber is worth $2.4 billion, experts estimate.
  • Heavy Taliban Losses Affect Recruiting, Possibly Tactics, General Says

    07/26/2005 4:04:21 PM PDT · by SandRat · 27 replies · 1,181+ views
    American Forces Press Service ^ | July 26, 2005 | Donna Miles
    WASHINGTON, July 26, 2005 – Taliban members who face off against coalition forces or the Afghan National Army are facing heavy losses, so they've resorted to recruiting young teens to join the fight, the Joint Staff's operations director told Pentagon reporters today. Marine Lt. Gen. James Conway spoke following a July 25 incident that involved heavy fighting in a small village west of Deh Rawod in Afghanistan's Oruzgan province. The incident, which left one U.S. soldier and an Afghan National Army soldier dead, took a considerable toll on the enemy, the general said. Some press reports claim as many as...
  • The root of delusion - (why Michael Moore, BBC & libs insist "There is no terror threat?")

    07/24/2005 4:48:20 PM PDT · by CHARLITE · 8 replies · 712+ views
    Why does the left (see the BBC and Michael Moore, for example) insist that terrorism doesn't exist? Here's as good an explanation as I've seen. The website Dr. Sanity writes: The Left calls international terrorism an "illusion." I call the the views of the Left "delusional". Thier illusion is a concoction of wishful thinking, projection, and outright denial of reality. What we see in the delusion that "terrorism does not exist", is a desperate attempt by the Left to explain-- in terms they can understand, their own fall from power and influence in the world. They would rather believe this...
  • Venezuela's oil firm drops from Fortune 500

    07/18/2005 9:15:48 PM PDT · by Kitten Festival · 9 replies · 643+ views
    The American Thinker ^ | 07 18 05 | A.M. Mora y Leon
    The biggest companies in America are oil companies. And why shouldn't they be? For just one speculative oil well, drilling to seek commercially extractable oil, the bill can easily come to $50 million. And that's just to find it. Getting it out of the ground usually costs a lot more. Multiply the risk with the volatility of oil prices, and the only way to stay in business is to save for a rainy day. Big oil companies are tremendously capitalized. ExxonMobil is the largest company in America. So it's all the more remarkable to see that the new Fortune 500...
  • AFL-CIO Working to Minimize Defections

    07/11/2005 5:20:54 PM PDT · by anniegetyourgun · 12 replies · 335+ views
    AP ^ | 7/11/05 | WILL LESTER
    AFL-CIO leaders say they're making progress toward reaching agreement with a coalition of dissident unions in hopes of minimizing the number of defections from the nationwide federation of almost 60 unions. But the optimism is muted: Some labor leaders fear the federation might lose at least one - the 1.8 million member Service Employees International Union - the federation's largest union. AFL-CIO President John Sweeney said Monday in an interview with The Associated Press that the federation is doing everything it can to avoid losing any of the coalition's five unions. "The differences between the proposals for change are not...
  • Supreme Court is playing Jenga - (lawyer who wrote 10 Commandments amicus brief writes warning!)

    06/30/2005 10:09:38 PM PDT · by CHARLITE · 4 replies · 474+ views
    In the board game Jenga, a tower of wooden blocks is erected. Players remove one block at a time from the tower, and then stack it on top. As each successive block is removed, the tower becomes increasingly precarious. The game ends when the tower's foundation can no longer bear the weight of the structure built on top of it, and the tower falls. The Supreme Court's recent decisions in the Ten Commandments cases are a form of constitutional Jenga. Think of our system of government and the liberties it grants as a Jenga tower. In our analogy, the blocks...
  • The Commanders - (our military leaders' great love for troops under their command; stirring piece)

    05/27/2005 3:55:35 PM PDT · by CHARLITE · 32 replies · 928+ views
    Last month over 1,500 family members who have lost a loved one in Iraq or Afghanistan gathered at Arlington National Cemetery at the behest of an organization called Faces of the Fallen, which has assembled dozens of artists to paint portraits of those killed in Afghanistan and Iraq. General Richard B. Myers, chairman of the Joint Chiefs of Staff, was the keynote speaker. While his speech managed to strike a few emotional chords, it was what he did after speaking that was remarkable. Hours after his speech concluded General Myers was still standing out in a cold drizzle talking at...
  • CA: Offer alternative - State Democrats fail to learn from losses

    04/28/2005 9:17:01 AM PDT · by NormsRevenge · 8 replies · 369+ views
    San Diego Union -Tribune ^ | 4/28/05 | Op/Ed
    How appropriate that Democrats, when they were looking for a mascot, settled on the donkey. It can be an ornery and stubborn animal that sometimes just won't learn its lesson. Sort of like California Democrats. They never learn from their mistakes. In fact, they just keep making them over and over again. At campaign time, they always seem to try to drive up their opponent's negatives and hope that will be enough to coast to victory. And it looks like that's pretty much the Democrats' battle plan for retaking the governor's mansion in 2006. Just listen to what came out...