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News/Current Events (News/Activism)

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  • Facebook closes below its pre-IPO price range (Down nearly 40% from IPO high of $45...)

    06/01/2012 4:44:37 PM PDT · by jimbo123 · 15 replies
    NY Post ^ | 6/1/12 | MARKETWATCH / NEWSCORE
    Facebook Inc.'s shares slumped to a record closing price on Friday, this time falling below the initial price range that was set when it began the quest for its stock market debut. Facebook shed 6.4 percent to close at $27.72, a new low, as the stock was swept down in a broad market retreat.
  • Facing election shipwreck, Sarkozy 'friends' rise up

    06/01/2012 4:38:45 PM PDT · by Cincinna · 3 replies ^ | June 1 2012 | Joseph Bamat
      With the right-wing UMP party predicted to lose upcoming parliamentary elections, former interior minister Brice Hortefeux and other French conservatives are embracing recently departed president Nicolas Sarkozy. As conservative leaders in France contemplate a likely defeat in parliamentary elections in June, some among them have rallied around an unlikely figure: defeated former president Nicolas Sarkozy.  The Friends of Nicolas Sarkozy Association was formally established in Paris on Wednesday, fuelling ongoing speculation about the uncertain future of France’s political right. Sarkozy, who lost the May 6 presidential runoff to Socialist rival François Hollande, repeated before and after the vote that he...
  • Romney net worth remains near $250 million

    06/01/2012 4:18:57 PM PDT · by Oldeconomybuyer · 15 replies
    AP via Yahoo! News ^ | June 1, 2012 | By Stephan Braun
    WASHINGTON (AP) — A new financial report from GOP presidential candidate Mitt Romney shows that his wealth remains near $250 million, about the same as last The new financial report from Romney describes sales of a large amount of stocks managed through his blind trust. Romney campaign spokeswoman Andrea Saul stressed that the trust manages investments for Romney and his wife, Ann. The new report shows that Romney still made millions of dollars over the past year in lucrative bank notes and investment funds, including nearly 40 different funds associated with his former company, Bain Capital.
  • Secret 'war' with China uncovered (Australia's defence strategy)

    06/01/2012 4:06:57 PM PDT · by Dundee · 4 replies
    The Australian ^ | June 02, 2012 | Brendan Nicholson
    A SECRET chapter in the Rudd government's 2009 defence white paper detailed a plan to fight a war with China, in which the navy's submarines would help blockade its trade routes, and raised the prospect of China firing missiles at targets in Australia in retaliation. A new book, 'The Kingdom and the Quarry: China, Australia, Fear and Greed', reveals how Force 2030 set out in the white paper - to include 12 big conventional submarines with missiles, revolutionary Joint Strike Fighters, air warfare destroyers and giant landing ships - was being prepared for a possible war with Australia's main trading...
  • Perry: We don’t need outsiders’ views on Senate race (Are you listening, Sarah Palin?)

    06/01/2012 4:06:14 PM PDT · by Bigtigermike · 259 replies
    Texas Chronicle ^ | Friday June 1, 2012 | Peggy Fikac
    Gov. Rick Perry is once again slamming “out-of-state interest groups” backing former solicitor general Ted Cruz in his runoff with Lt. Gov. David Dewhurst –this time tweaking Sarah Palin, U.S. Sen. Jim DeMint and Rick Santorum by suggesting their states could learn a lot from Texas, but Texas doesn’t need their advice on choosing its next U.S. senator. Perry, standing staunchly behind Dewhurst, brushed off the question about whether his own tea party credibility may be damaged by his opposition to Cruz, who has been endorsed by national conservative and tea party groups and figures (including Palin, DeMint and Santorum)...
  • Detroit Men Shoot Each Other Over Kool Aid

    06/01/2012 4:05:36 PM PDT · by Alistair Stratford IV · 62 replies ^ | June 1, 2012 | By ANDREA ISOM
    Two Shot in Detroit after Argument Over Kool-Aid Suspects still on the loose By ANDREA ISOM Witnesses say two men in the Brightmoor neighborhood were so passionate about the way they make Kool-Aid, they started arguing with each other over who does it better. Sadly, that fight took a horrifying turn when they both pulled out guns and started firing at each other. Again, this was over Kool-Aid. They didn't hit each other, but two innocent bystanders suffered gunshot wounds in the soft drink shooting.
  • GM to cut about one-fourth of U.S. pension liability

    06/01/2012 4:01:17 PM PDT · by Oldeconomybuyer · 21 replies
    Reuters via Yahoo! News ^ | June 1, 2012 | By Deepa Seetharaman and Ben Klayman
    DETROIT (Reuters) - General Motors Co will cut nearly a quarter of its U.S. pension obligation by transferring the management of its pension plans for 118,000 white-collar retirees to a third party and offering lump-sum buyouts. The two moves unveiled on Friday will cut $26 billion from the automaker's massive U.S. pension liability of nearly $109 billion. GM's pension overhang is a top concern for investors. It was one of a handful of issues left untouched during GM's U.S.-financed bankruptcy restructuring three years ago. GM retirees represented by the United Auto Workers union are not affected by Friday's announcement. Hourly...
  • Oh my: Obama now below 50% against Romney — in California

    06/01/2012 3:59:58 PM PDT · by RobinMasters · 44 replies
    Hot Air ^ | JUNE 1, 2012 | ALLAHPUNDIT
    Even in the bluest of blue states, he’s now treading water at 48 percent, still comfortably ahead of Romney but unable to grab a majority even in Cali. Big deal or no? Banish the thought from your mind that Romney has a chance of winning there. He doesn’t — although don’t hold me to that if we get another three or four jobs reports that look like today’s. No, the potential significance of this and the reason why there’s some buzz about it among righties on Twitter is that it’s circumstantial evidence that The One might be starting to collapse...
  • Argentine official denies devaluation planned

    06/01/2012 3:50:00 PM PDT · by dynachrome · 16 replies
    associated press ^ | 6-1-12 | MICHAEL WARREN
    BUENOS AIRES, Argentina (AP) -- A top Argentine official denied on Friday that the government plans to devalue the peso amid rumors that drastic official actions are looming. "We are not going to take any explosive measures," Deputy Economy Minister Axel Kicillof said at a news conference. Argentina's economy is under pressure from rising inflation and slowing trade, and people have been increasingly trading their pesos for U.S. dollars to shelter their earnings.
  • Warren discusses response to heritage questions

    06/01/2012 3:48:01 PM PDT · by Oldeconomybuyer · 21 replies
    AP via Yahoo! News ^ | June 1, 2012 | by Bob Salsburg
    BOSTON (AP) — Massachusetts Democratic U.S. Senate candidate Elizabeth Warren says she didn't reveal until this week that she told past employers about her Native American ancestry because she needed more time to recall actions and events of years ago. In an interview on Friday with The Associated Press, Warren sought to address questions raised about her heritage, which has not been documented. She also explained why she had not revealed that she told Harvard and the University of Pennsylvania of her heritage. The Harvard Law School professor said she and her brothers were told as children their parents were...
  • Reid Statement On May Jobs Report

    06/01/2012 3:25:44 PM PDT · by mdittmar · 30 replies
    Senate Majority Leader Harry Reid ^ | June 1, 2012 | Senate Majority Leader Harry Reid
    Washington, D.C. – Senate Majority Leader Harry Reid issued the following statement after the Labor Department announced that the U.S. economy added 69,000 jobs in May. "This report is a sharp reminder that Democrats and Republicans should be working together to strengthen our economy, create jobs, and put the middle class ahead of partisan politics. "If Republicans worked with us, we could pass legislation immediately to cut taxes for small businesses, prevent student loan rates from doubling and ensure women get paid the same amount as men for performing the same work. We could provide incentives to companies to create...
  • Analysis: If bad job news persists, advantage shifts to Romney

    06/01/2012 3:23:59 PM PDT · by Oldeconomybuyer · 15 replies
    Los Angeles Times ^ | June 1, 2012 | by Paul West
    Another month or two of downbeat jobs reports like Friday's, and the 2012 electoral advantage will shift to Mitt Romney. At the moment, the election is still a coin flip.  But even before the latest evidence of slowing job growth, President Obama was no better than a 50-50 pick to win reelection (as noted Democratic pollster Peter Hart put it recently).  And with economic storm clouds building, it’s easy to imagine that Obama could be the underdog before too long. “If the May report is a harbinger of what's coming, Romney’s message that ‘We can do better, but Obama can't’...
  • The unsweetened truth about Nanny Bloomberg's soda laws

    This week, New York Mayor Mike Bloomberg announced that he will outlaw the sale of sodas, sports drinks and other sugary beverages that exceed 16 ounces. Don’t worry. There are numerous exemptions to this petty interference. Feel free to indulge in high-caloric milkshakes, fruit juices or just head to the convenience store and grab a Big Gulp, a Slurpee, or buy large bottles of Diet Coke. When you act like a petty tyrant, making arbitrary decisions with absolutely no basis in science or common sense is your prerogative. In the Bloomberg’s vernacular this is referred to as “leadership.” "I think...
  • Former PM John Howard joins Queen's 24

    06/01/2012 3:16:29 PM PDT · by naturalman1975 · 7 replies
    The Australian ^ | 1st June 2012
    FORMER prime minister John Howard has joined an exclusive group of 24 living people to be honoured by the Queen with the Order of Merit. Mr Howard was presented with the medal by Queen Elizabeth at Buckingham Palace overnight, with his wife Janette observing the ceremony. Earlier this year Mr Howard was hand-picked by the Queen to receive the insignia of a member of the Order of Merit, in recognition of his distinguished service. After being invested with the honour, Mr Howard said the Queen was a woman of commitment, duty and professionalism with a great sense of humour...
  • Mitt Romney Wins Over The Right By Confronting Obama (Rush: Not the McCain Campaign)

    06/01/2012 2:58:29 PM PDT · by lbryce · 42 replies
    Buzzfeed ^ | June 1, 2012 | Mickey Coppins
    After a day spent waging bi-coastal combat with the Obama campaign, Mitt Romney's team in Boston earned the highest compliment Rush Limbaugh has ever paid them Thursday afternoon: "I'm telling you," he said. "This is not the McCain campaign." Once-skeptical conservatives knew exactly what he meant. In the eyes of many on the right, John McCain's 2008 presidential bid was a disaster not because he lost, but because he refused to fight. Conservatives believe McCain bought into a liberal media narrative that personal attacks on Barack Obama were unseemly and even racist. The conservative caricature of Candidate McCain that emerged...
  • Who Is Luka Rocco Magnotta?

    06/01/2012 2:58:16 PM PDT · by FeliciaCat · 6 replies
    CBC News Canada ^ | 5/30/2012 | CBC NEWS
    Luka Rocco Magnotta, the 29-year-old sought by Montreal police in connection with a suspected homicide linked to the mailing of body parts to political offices, is a self-described model and adult film actor with a sprawling online presence. He is wanted on charges of first-degree murder and performing an indignity to a human body. Police issued a Canada-wide warrant for Magnotta on May 30, but say he flew out of Trudeau airport in Montreal on May 26 to an undisclosed foreign destination. Police are not ruling out that he may have returned to Canada under an alias. Originally from Toronto,...
  • Rule of thumb: If Walker wins by six points or more, Romney’s the favorite in November

    06/01/2012 2:51:53 PM PDT · by RobinMasters · 18 replies
    Hot Air ^ | JUNE 1, 2012 | ALLAHPUNDIT
    So says John Ellis, writing at BuzzFeed. I’m not sure I believe it but I really want to believe it, and darn it, that’s good enough to justify a post: Is there any chance that Barrett can pull off an upset? Probably not. If he was leading in the polls, President Obama would be campaigning for him this weekend. The fact that the president is not campaigning for him this weekend means two things: (1) Barrett is behind in Team Obama polling by more than the margin of error, and (2) a presidential appearance would not provide enough of a...
  • THE SAVAGE NATION!!!!!! 6-1-12

    06/01/2012 2:46:30 PM PDT · by dynachrome · 18 replies ^ | 6-1-12 | Dr. Michael Savage
  • Campaign Holds 'Obama Shabbat' Across Washington, D.C.

    06/01/2012 2:45:05 PM PDT · by Nachum · 14 replies
    The Weekly Standard ^ | 6/1/12 | Daniel Halper
    The president is out of town tonight, spending the night alone at his home in Chicago after a day filled with six fundraisers. But his campaign in Washington, D.C. continues. An events list found at reveals that eight "Obama Shabbat" dinners will be held this evening, here in Washington, to observe the Jewish sabbath and to "organize our community to help reelect President Barack Obama." The Jewish sabbath is observed from sundown Friday evening to sundown Saturday night. The descriptions for the dinners are formulaic, sounding mostly the same. "On Friday, June 1st Jewish Americans across the District of...
  • ‘Last dictator’ spoof angers Mugabe faithful

    06/01/2012 2:28:02 PM PDT · by MinorityRepublican · 9 replies
    Sun on Sunday ^ | November 30, 2011
    Colonel Gaddafi sprays Robert Mugabe with water in the TV advertisement. An advertisement for Nando’s restaurants which pokes fun at President Robert Mugabe, calling him “the last dictator standing”, has caused controversy in Zimbabwe where a militant youth group is calling for a boycott of the chain.