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Keyword: youpaidforthis

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  • Hurricanes with feminine names cause more damage than storms with masculine names: study

    06/03/2014 7:34:58 AM PDT · by AngelesCrestHighway · 38 replies
    MarketWatch ^ | 06/03/2014 | Staff of MarketWatch
    What’s in a name? Apparently, when it comes to hurricanes, a lot. A recent study conducted by researchers at the University of Illinois at Urbana-Champaign found that, for Atlantic Coast hurricanes in the U.S., storms with feminine names lead to more deaths than those with masculine names. The best explanation for this, according to the Economist, is that people do not take hurricanes with women’s names as seriously as storms with men’s names. The researchers actually tested this theory — and produced supporting results. They picked five male and five female names from the list to be used for this...
  • GM Workers To Receive Profit-Sharing Bonus (Record Payout for Union Workers)

    02/08/2011 5:17:30 AM PST · by coaltrain · 66 replies
    CBS ^ | 02/08/11 | CBS
    There’s word that workers will be getting some of the largest profit sharing checks in the history of the automaker. The exact amount is not expected to be known before February 14, but a senior UAW official tells the Detroit News that he anticipates GM bonuses to top the average check of nearly $1800...
  • When Government Motors Fails (Again)

    02/05/2011 5:47:00 AM PST · by Hojczyk · 47 replies
    Real Clear Politics ^ | Feb. 5 ,2011 | Peter Flaherty
    Automotive News piled on, suggesting that so far, Akerson's leadership has been defined by "hubris," panning reports that GM is planning to double Chevy Volt production from 60,000 to 120,000 units next year. Rechtin argues convincingly that even with the generous federal tax credit of $7,500, the Volt's steep $41,000 price will make it impossible to sell so many units. All this, despite the fact that the Volt - which Akerson touts as the "soul" of the new GM, isn't even making money for GM - since it costs upwards of $40,000 to build each car. Indeed, leave it to...
  • Chevy Volt gets rave reviews at debut in Tacoma

    10/10/2010 11:12:53 AM PDT · by epithermal · 42 replies
    The News Tribune ^ | 10/10/10 | Kris Sherman
    Amped-up car enthusiasts and environmentally conscious drivers lined up Saturday in Tacoma for the national road tour debut of the Chevrolet Volt.
  • Chrysler Workers Caught Drinking on Job (Drunken UAW Scum)

    09/26/2010 11:50:03 AM PDT · by Frantzie · 80 replies
    Fox Business News - You Tube ^ | 9-24-2010 | Stuart Varney
    WJBK's Rob Wolchek on Detroit's reaction to Chrysler workers drinking and smoking pot on their lunch breaks.
  • LIVE THREAD: House Hearings on Immigrant Farm Workers (Colbert Testimony)

    09/24/2010 7:09:07 AM PDT · by GRRRRR · 27 replies
    CSPAN ^ | 09/24/10 |
    Rep. Zoe Lofgren D, Chair of the House Committee on some such related to Immigration or Workers is holding hearings today. Steven Colbert from the COMEDY CHANNEL is present to testify, IN CHARACTER, about his vast experience on this topic. You can watch live stream at the URL or check out CSPAN-3 on yer telebox communicator. Fox News' Judge Napalitano commented this morning that it is highly irregular for someone to testify under oath while 'in character' pretending to be someone else.
  • Now Democrats Want Another $34 Billion to Bailout Teamsters Pension

    08/21/2010 8:28:47 AM PDT · by Mobile Vulgus · 15 replies
    Publius Forum ^ | 08/21/10 | Warner Todd Huston
    When will Obama's gifts to unions (at the expense of the taxpayers) ever end? On the heels of a $26.1 billion teacher union bailout, now Democrats are attempting to get Congress to give $34 billion of the taxpayer's money to the Teamsters because that union has mishandled its pension funds. Senators Robert Casey (D., Pa.) and Rep. Earl Pomeroy (D., N.D.) are now pushing the bill that will bailout the Teamsters pension fund by altering the U.S. Pension Benefit Guaranty Corp. which currently charges insurance rates to the funds it helps to solvency. Under new rules the help the PBGC...
  • Feds seize ShoreBank - ShoreBank to be revitalized as Urban Partnership Bank

    08/20/2010 5:48:15 PM PDT · by STARWISE · 76 replies
    Sun Times ^ | 8-20-10 | Sandra Guy
    Federal regulators on Friday seized ShoreBank, the fabled South Side bank known for its community lending, and turned its good assets back over to its management team to be reopened as Urban Partnership Bank. The management team, which had joined ShoreBank only recently and which sources say includes former First Chicago Corp. executives Bill Farrow and David Vitale, entered into an agreement -- called a loss-share transaction -- on $1.41 billion of ShoreBank¹s assets with the Federal Deposit Insurance Corp. (FDIC), according to a press release issued tonight. The 15 branches of ShoreBank wll reopen Saturday as branches of Union...
  • Former TSA supervisor admits stealing $20,000 in jewelry from checked luggage

    08/16/2010 5:58:28 PM PDT · by markomalley · 24 replies
    Fox News ^ | 8/16/2010
    A former supervisor for the federal Transportation Security Administration has pleaded guilty to stealing $20,000 worth of jewelry and other items from checked luggage at Seattle-Tacoma International Airport. The U.S. Attorney's office in Seattle says 50-year-old Randy Pepper entered the plea Monday at U.S. District Court in Seattle. Pepper was fired in July 2009 after another TSA worker saw him removing items from checked luggage. Surveillance video confirmed it, and investigators discovered Pepper had pawned the items. Prosecutors say they included gold diamond rings and sterling silver necklaces and earrings.
  • Tax dollars to build mosques--U.S. underwrites fundraising tour for Islamic shrine at Ground Zero

    08/10/2010 5:11:04 PM PDT · by jazusamo · 29 replies
    The Washington Times ^ | August 10, 2010 | Editorial
    The State Department is sending Imam Feisal Abdul Rauf - the mastermind of the Ground Zero Mosque - on a trip through the Middle East to foster "greater understanding" about Islam and Muslim communities in the United States. However, important questions are being raised about whether this is simply a taxpayer-funded fundraising jaunt to underwrite his reviled project, which is moving ahead in Lower Manhattan. Mr. Rauf is scheduled to go to Saudi Arabia, Dubai, Abu Dhabi, Bahrain and Qatar, the usual stops for Gulf-based fundraising. The State Department defends the five-country tour saying that Mr. Rauf is "a distinguished...
  • Social Security Is Bankrupt Now, Not In 25 Years

    08/10/2010 4:42:49 PM PDT · by SeekAndFind · 20 replies
    Real Clear Markets ^ | 08/10/2010 | Bill Frezza
    This just in from the trustees that issue the annual report on the health of those two pillars of the modern entitlement state: Medicare and Social Security. For the first time in its history the Social Security program will pay out more money than it takes in. This watershed event will occur this year, to the tune of $41 Billion dollars. Under any rational accounting standards this makes the Social Security program bankrupt. And that's right now, not in 25 years when the so-called Trust Fund becomes insolvent. You see, most pension programs hold income producing assets in their Trust...
  • Interior secretary to issue new drilling ban (Unfreakinbelievable)

    06/22/2010 6:13:28 PM PDT · by tobyhill · 201 replies · 8+ views
    MSNBC ^ | 6/22/2010 | nbc
    Interior Secretary Ken Salazar said Tuesday he will issue a new order imposing a moratorium on deepwater drilling after a federal judge struck down the existing one. Salazar said in a statement that the new order will contain additional information making clear why the six-month drilling pause was necessary in the wake of the Gulf oil spill. The judge in New Orleans who struck down the moratorium earlier in the day complained there wasn't enough justification for it. Salazar pointed to indications of inadequate safety precautions by industry on deepwater wells. "Based on this ever-growing evidence, I will issue a...
  • Obama Orders Dance Classes, Movie Nights, and Bingo for Illegal Detainees

    06/11/2010 8:57:22 AM PDT · by Nachum · 119 replies · 2,253+ views
    american thinker ^ | 6/11/10 | Chris Banescu
    The Houston Chronicle reports that the Obama administration has ordered the Immigration and Customs Enforcement (ICE) department to implement multiple modifications to their facilities to make life easier, more comfortable, and pleasant for the hundreds of thousands of illegal immigrants (approximately 400,000) it detains annually. An internal ICE email highlights 28 different changes the organization will have to make to soften the look of its facilities, present a friendlier environment, offer better entertainment, organize fun activities, and provide illegal immigrant detainees with free access to email and phone services, as well as better dining and training classes.
  • People who count the people have their say

    06/11/2010 3:37:33 AM PDT · by Scanian · 9 replies · 406+ views
    NY Post ^ | June 10, 2010 | John Crudele
    WASHINGTON is in the midst of spending $11 billion to fulfill the Constitutional obligation to count Americans, a wonderfully quaint process I imagine worked better when this was a young country and people stayed on farms scattered about the countryside. Today, the census is a mess. People are harder to find, of course, because they are often at an office somewhere. And when they are located, they don't necessarily want to cooperate. Census workers get paid well, and are compensated for training and travel time to and from their homes. So these jobs are sought after, especially in this hard...
  • GM kicks ‘Chevy' to the curb

    06/10/2010 7:28:39 AM PDT · by jakerobins · 169 replies · 357+ views
    Don't call it Chevy. General Motors leaders are asking Chevrolet employees to refrain from the shorthand etched in America's consciousness for decades. Or, as the New York Times put it, "If General Motors has its way, you won't be driving your Chevy to the levee ever again." The Times quoted this company memo sent Tuesday: "We'd ask that whether you're talking to a dealer, reviewing dealer advertising, or speaking with friends and family, that you communicate our brand as Chevrolet moving forward. "When you look at the most recognized brands throughout the world, such as Coke or Apple, for instance,...
  • Federal government now must “save” local education

    05/24/2010 8:59:54 AM PDT · by Steve495 · 20 replies · 402+ views
    Radio Vice Online ^ | May 24, 2010 | Steve McGough
    Secretary of Education Arne Duncan is asking Congress to put politics and ideology aside – for the good of the children – and come up with $23 billion to save education in America. What did you really expect would happen? The $100 billion in stimulus funding was just the tip of the iceberg.
  • Greeks see red over tough austerity measures

    05/15/2010 8:14:45 AM PDT · by GonzoII · 32 replies · 910+ views ^ | 15/05/10
    The streets of Athens became a sea of red earlier when the Greek Communist Party staged a huge protest.
  • EU Bailout, Partially Paid For In the U.S. (Will Greeks be grateful or will they hate us more?)

    05/12/2010 6:28:45 AM PDT · by SeekAndFind · 13 replies · 238+ views
    IBD ^ | 05/12/2010
    Sovereign Debt Crisis: For many Americans, the EU's trillion-dollar bailout of Greece and other troubled European welfare states is probably of little concern. But they should know that they are going to help pay for it. Much of the media coverage has centered on the "European Union" bailout of its members. But the fact is, the U.S. is playing a much larger role in this than many realize - from strategizing to financing. As a New York Times headline noted Monday, the EU agreed to its $1 trillion rescue only after "nudge from Washington." President Obama, we're told, phoned German...
  • Euro markets up over 8% - New Greece Deal

    05/10/2010 2:15:34 AM PDT · by The Raven · 44 replies · 1,568+ views
    The Wall St Journal (Subscription) ^ | may 10, 2010 | ISHAQ SIDDIQI
    European stock markets pushed sharply higher Monday, while sovereign debt markets slumped, as market participants reacted to news of a hefty €750 billion ($955 billion) rescue package to stabilize the euro and prevent the Greek debt crisis from affecting other member countries.
  • Here's How Our Fed Threw A Big Lifeline To European Banks

    05/10/2010 6:45:39 AM PDT · by blam · 34 replies · 947+ views
    The Business Insider ^ | 5-10-2010 | Joe Weisenthal
    <p>Last night in conjunction with the big Eurozone bailout, our own Federal Reserve announced its participation in the party by opening up big dollar swap facilities with its European partners.</p> <p>What's this mean? It's actually pretty simple.</p> <p>Among the recent problems in the EU has been that banks there have had trouble gaining access to Dollars to meet the insatiable flight to quality Dollar needs in the EU resulting from this crisis. This is likely the result of U.S. institutions trying to limit their respective exposure to a contagion. As such, the Fed and the ECB will now act as middlemen or clearing houses for the currency...</p>
  • Federal Reserve Opens Credit Line to Europe (It's not "credit", it's a Taxpayer's money giveaway)

    05/10/2010 6:13:25 AM PDT · by tobyhill · 28 replies · 621+ views
    fox news ^ | 5/10/2010 | ap
    The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent. Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank and the Swiss National Bank, are also involved in the effort. The action reopens a program put in place during the 2008 global financial crisis under which dollars are shipped overseas through the foreign central banks. In turn, these central banks can lend the dollars out to banks in their home countries that are in need of...
  • Food-stamp tally nears 40 million, sets record

    05/07/2010 10:43:50 AM PDT · by Oldeconomybuyer · 76 replies · 1,354+ views
    Reuters ^ | May 7, 2010 | by Charles Abbott
    (Reuters) - Nearly 40 million Americans received food stamps -- the latest in an ever-higher string of record enrollment that dates from December 2008 and the U.S. recession, according to a government update. "This is the highest share of the U.S. population on SNAP/food stamps," said the anti-hunger group Food Research and Action Center, using the new name for food stamps, Supplemental Nutrition Assistance Program (SNAP). "Research suggests that one in three eligible people are not receiving ... benefits." Enrollment has set a record each month since reaching 31.78 million in December 2008. USDA estimates enrollment will average 40.5 million...
  • ABCNEWS: While Oil Slick Spread, Interior Dept Chief of Staff Rafted with Wife

    Though his agency was charged with coordinating the federal response to the major oil spill in the Gulf of Mexico, Department of the Interior chief of staff Tom Strickland was in the Grand Canyon with his wife last week participating in activities that included white-water rafting, ABC News has learned. Other leaders of the Interior Department were focused on the Gulf, joined by other agencies and literally thousands of other employees. But Strickland’s participation in a trip that administration officials insisted was “work-focused” raised eyebrows among other Obama administration officials and even within even his own department, sources told ABC...
  • Is Greece Just Tip Of The Iceberg?

    05/03/2010 7:34:17 PM PDT · by Kaslin · 64 replies · 1,474+ views ^ | May 3, 2010 | INVESTORS BUSINESS DAILY Staff
    Fiscal Crisis: Now it's a done deal: Greece got its $146 billion bailout, which the U.S. will help pay for. But anyone who believes the Western world's financial crisis is over doesn't understand what's really happening. That may sound like a collective sigh of relief coming from Europe. After all, it appears that with Greece's pledge to mend its fiscal ways, the European Union might have turned a corner when it comes to its chronic deficits and exploding debt. But no problem has yet been solved, and more problems likely loom — not just in Europe, but in the U.S....
  • 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...
  • More Deals In: Health Care Bill Gives Special Treatment (The bribes still coming in)

    03/20/2010 6:01:53 AM PDT · by tobyhill · 50 replies · 1,048+ views
    fox news ^ | 3/19/2010 | ap
    Bye bye, Cornhusker Kickback. Hello, special treatment for Tennessee and North Dakota. Democrats unveiling revisions Thursday to their health care overhaul bill decided to kill the extra $100 million in Medicaid funds for Nebraska that has become a symbol of backdoor deal making. But the 153 pages of changes to the massive health care package include extra money for hospitals in Tennessee that serve large numbers of low-income patients. And though the bill would revamp the nation's student loan system to make the government the only lender, one bank — the state-owned Bank of North Dakota — would be allowed...
  • Census crew swamped by ‘perpetual chaos’

    03/20/2010 8:07:57 AM PDT · by george76 · 41 replies · 1,421+ views
    Aspen Daily News ^ | March 20, 2010 | David Frey
    A crew of midvalley census workers has fallen apart due to what several crew members described as chronic disorganization at the regional census office in Grand Junction. A district leader quit, a crew leader quit, an assistant crew leader was fired, and members say they haven’t received work for over two weeks. The local crew has apparently been replaced by a crew from Colorado Springs being housed at an Aspen hotel, even while the local workers still wait for a call about their next assignment. “This experience with the Census Bureau was three weeks in an insane asylum,” Boland fired...
  • Stimulus money to help build healthier Hub

    03/20/2010 7:27:40 AM PDT · by Oldeconomybuyer · 9 replies · 247+ views
    Boston Globe ^ | March 20, 2010 | By Martin Finucane
    Boston has received $12.5 million in federal stimulus funding for a sweeping new effort to combat obesity and reduce smoking, Mayor Thomas M. Menino said yesterday. “This funding will help us move closer to that goal and aid our citywide effort to reduce tobacco use and secondhand smoke exposure,’’ Menino said in a statement. The mayor announced the funding at the John D. O’Bryant African-American Institute at Northeastern University. A total of $372 million in prevention grants has been awarded nationwide. The money will go toward, among other things, creating additional space for community gardens, expanding bike-share programs, and beefing...
  • Don't Look Now But You're a State Employee

    03/03/2010 8:40:07 AM PST · by Kaslin · 34 replies · 1,044+ views ^ | March 3, 2010 | Marybeth Hicks
    They operate under names like Granny’s Junction. Inside, among cubbies for winter coats, boxes of Legos and kitchen tables surrounded by booster seats, they offer a lifeline to millions of working mothers and fathers. The nation’s home-based child care providers represent millions of single business owners –women, mostly – whose entrepreneurial spirit and operating ingenuity are surpassed only by their willingness to clean the noses and backsides of other people’s children. In Michigan, roughly 40,000 of the state's 70,000 day care owners were perhaps too busy changing diapers, reading stories and making lunches to notice a random piece of mail...
  • White House 2010 Governors Ball: Menu, Wines, China, Flatware (What recession?!)

    02/22/2010 7:10:37 AM PST · by maggief · 99 replies · 1,477+ views
    Chicago Sun-Times ^ | February 22, 2010 | Lynn Sweet
    The room was very elegant, with candles, gilt-edged plates, gold embossed name cards and such. The menu: French Onion Soup with Croutons Rib Eye Roast with Shrimp Scampi Roasted Potatoes, Carrots and Mushroom Caps Seven Layer Salad Baked Alaska Wines offered: Sugarleaf Vineyards Petit Manseng 2008 Landmark Vineyards Syrah "Steel Plow" 2006 Fenn Valley "42 Ice Wine" 2008 Governors' Dinner Table Settings 2010 SERVICE PLATES - CLINTON STATE CHINA SERVICE, made by Lenox Inc., Trenton, New Jersey, 2000. Commissioned to commemorate the 200th anniversary of the White House. KING CHARLES SILVER FLATWARE, made by Gorham, Providence, Rhode Island, 1974; supplemented...
  • U.S. Gives Yale Researcher $3.9-Million in Tax Dollars to Develop ‘Avatar’ Sex-Ed Video Game

    02/09/2010 1:00:46 PM PST · by Sopater · 34 replies · 602+ views
    CNS News ^ | Friday, February 05, 2010 | Terence P. Jeffrey, Editor-in-Chief
    The Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD), a division of the National Institutes of Health, is giving Dr. Lynn Fiellin, an assistant professor at the Yale School of Medicine, $3.9 million over five years to develop a video game to teach “sex, drug and alcohol negotiation and refusal skills" to children 9-14 years of age. The game will feature “virtual characters or avatars” that are guided by the children playing the game to make decisions about whether to engage in behaviors that put them at risk of being infected with HIV. The game’s effectiveness...
  • Drug raid uncovers massive tax fraud scheme (illegal immigrants filing taxes)

    02/06/2010 9:16:55 PM PST · by ruralvoter · 21 replies · 1,567+ views
    Gadsden Times (AL) ^ | 2/5/10 | Lisa Rogers
    An income tax fraud scheme discovered during a drug raid Thursday night is expected to lead to hundreds of thousands of dollars in illegal tax refunds. “I wouldn’t be surprised it went into the millions,” Etowah County Sheriff Todd Entrekin said during a news conference Friday. Agents went to a mobile home on Sligo Road, just off Egypt Road in the Rockledge community, Thursday night to raid a suspected methamphetamine distribution ring and discovered more evidence than expected in the tax scheme.
  • Caption Pelosi at the Press Days of the 2010 North American International Auto Show

    01/12/2010 11:48:35 AM PST · by Lucky9teen · 24 replies · 1,194+ views
    PICTURE 1: U.S. House Speaker Nancy Pelosi and General Motors Chairman Ed Whitacre speak with each other; PICTURE 2: House Speaker Nancy Pelosi, left, talks with Ford Motor Co. CEO Alan Mulally, center, and Ford Motor Co. Executive Chairman William Ford, Jr., right, during press days of the 2010 North American International Auto Show at Cobo Center in Detroit, Michigan January 11, 2010. Chrysler LLC CEO Sergio Marchionne points to Chrysler displays as he talks with House Speaker Nancy Pelosi (L) during Press Days of the 2010 North American International Auto Show in Detroit, Michigan January 11, 2010 in Detroit,...
  • Voter Opposition To Obamacare Continues to GROW, At Record High

    12/30/2009 8:46:58 AM PST · by Shellybenoit · 20 replies · 869+ views
    Rasmussen/ The Lid ^ | 12/30/09 | The Lid
    Christmas vacation has not softened America's opposition to Obamacare, in fact according to Rasmussen voter opposition to the Health Care legislation making its way through congress is is now at its highest point 58%. Despite what the Obamacare apologists suggest, votes have a decent understanding of the bills and voter attitudes towards them have hardened. While several individual components of the plan are popular, reminding voters of what’s included in the plan has virtually no impact on support for the overall legislation. This suggests that there are not major surprises in the legislation that will cause people to change their...
  • GMAC Set for Another Cash Infusion (now $16 billion in US money)

    12/29/2009 3:26:51 PM PST · by BurbankKarl · 26 replies · 1,853+ views
    Wall Street Journal ^ | 12/29/09 | By DAN FITZPATRICK And DEBORAH SOLOMON
    <p>GMAC Financial Services is close to getting approximately $3.5 billion in additional aid from the U.S. government, on top of $12.5 billion already received since December 2008, according to people familiar with the situation.</p> <p>The announcement, expected within days, will coincide with GMAC taking additional steps to absorb losses related to its mortgage operations, these people said. The cleanup is designed to return the Detroit-based finance company to profitability in the first quarter of 2010, according to one of these people.</p>
  • Treasury removes ($400 billion) cap for Fannie and Freddie aid

    12/25/2009 7:55:43 AM PST · by reaganaut1 · 78 replies · 3,785+ views
    Associated Press ^ | December 25, 2009 | J.W. Elphinstone
    The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac. The Treasury Department said Thursday it removed the $400 billion financial cap on the money it will provide to keep the companies afloat. Already, taxpayers have shelled out $111 billion to the pair, and a senior Treasury official said losses are not expected to exceed the government's estimate this summer of $170 billion over 10 years. Treasury Department officials said it will now use a flexible formula to ensure the two agencies can stand behind the billions of dollars in mortgage-backed securities they sell...
  • Uh, oh – raw data in New Zealand tells a different story than the “official” one.

    11/26/2009 8:07:58 PM PST · by Lorianne · 21 replies · 1,450+ views
    Watts Up With That? ^ | 25 November 2009
    The New Zealand Government’s chief climate advisory unit NIWA is under fire for allegedly massaging raw climate data to show a global warming trend that wasn’t there. The scandal breaks as fears grow worldwide that corruption of climate science is not confined to just Britain’s CRU climate research centre. In New Zealand’s case, the figures published on NIWA’s [the National Institute of Water and Atmospheric research] website suggest a strong warming trend in New Zealand over the past century:
  • Upset about FirstEnergy's pricey, hand-delivered light bulbs? You ain't seen nothing yet

    11/16/2009 4:08:16 PM PST · by Libloather · 28 replies · 2,160+ views ^ | 11/08/09 | Kevin OBrien
    Upset about FirstEnergy's pricey, hand-delivered light bulbs? You ain't seen nothing yetBy Kevin OBrien October 08, 2009, 3:59AM There was a time when you and I could be trusted to change a light bulb. In those days, powerful people who made weighty decisions understood that if a light bulb burned out, even the dimmest of us common folk would know enough to remove it from its socket, choose a suitable replacement and install it. Apparently all of the weighty decisions have been made, because powerful people have now worked their way down to telling us what kind of light bulb...
  • Reports show more than half of total Minnesota stimulus jobs were in public schools

    11/02/2009 8:36:49 PM PST · by ButThreeLeftsDo · 19 replies · 1,042+ views
    StarTribune ^ | 11/2/09 | AP
    More than half the 14,000 jobs created or saved by the federal economic stimulus in Minnesota are in public schools. Federal and state officials are reporting about 7,400 full-time teaching and school support staff jobs linked to the stimulus through the end of September. The U.S. Department of Education issued a report Monday detailing 7,421 stimulus jobs in the state's education system. Minnesota Management and Budget officials counted 7,380 K-12 school jobs created or saved by stimulus spending of $634 million.
  • 20 Year Old Buys Home With $183,000 FHA Loan And Just 3.5% Down

    10/25/2009 10:51:43 AM PDT · by newbie2008 · 50 replies · 2,489+ views
    Denise Tejada bought a house last month at the age of 20, thanks in large part to a loan guaranteed by the Federal Housing Authority. This story offers a dramatic demonstration that, despite the housing bubble causing the worst economic downturn in generations, the ideology of home ownership is alive and well in the United States and still being supported by the government. Without question, Tejada's loan is toxic--to her and to the taxpayers who are backing the loan. Her house cost $155,000. Tejada's loan was apparently made on a micro-down payment of just 3.5%, the minimum down payment to...
  • Making hay (Banks are paying bonuses even as shareholders make losses. That is a problem)

    10/17/2009 9:13:22 AM PDT · by SeekAndFind · 22 replies · 828+ views
    The Economist ^ | 10/17/2009
    MUCH of the recent anger over bank bonuses has been focused on Goldman Sachs, which, according to results just published, accumulated a further $5.4 billion for its staff in the most recent quarter. Yet the one thing that can be said about Goldman is that if its employees are making hay partly on the back of an implicit public guarantee, so are shareholders. In the same quarter the bank generated an annualised return on equity of 21%. Not so for some of America’s other banks. There, the owners (and in theory the controllers) of the firms seem to have been...
  • Goldman Sachs Is Robbing Us Blind --- by Dylan Ratigan

    10/16/2009 11:41:33 AM PDT · by dennisw · 47 replies · 2,498+ views
    businessinsider ^ | Oct. 15, 2009 | Dylan Ratigan
    In a world where real competition, modern technology and lack of special government standing means most American businesses have no choice but to adapt and innovate -- Wall Streets wimps only apparent skill is rigging the game. In fact, on Wall Street there have always been only two basic ways to make money. The first and most difficult: Be a great investor -- to the best investors go the profits, rewarding those who are best at picking winning businesses for America and punishing those who fail through the loss of their money. The second, and seemingly preferred method, exploit those...
  • The Obama Justice Department's Secret Blogging Team... Is it Illegal?

    10/07/2009 9:23:26 AM PDT · by Mobile Vulgus · 202 replies · 5,185+ views
    Publius Forum ^ | 10/07/09 | Warner Todd Huston
    Obama's Attorney General, Eric Holder, has apparently hired a cadre of left-wing, Democrat campaign bloggers to troll through the Internet looking for news stories and blog posts that denigrate the Obama agenda. After such websites are found it is the job of these secret lefty bloggers to leave comments that come to the support of Obamaism in the comments sections. It seems that Eric Holder has created his own little propaganda unit in a valiant effort to become the Bloggi Riefenstahl of the Obama era. As reported at The Muffled Oar, a blog that first broke the story of Holder's...
  • Confirmed: Kids' Praising Obama an Official Public School Activity (That Creepy Singing Video)

    09/24/2009 10:38:12 AM PDT · by kristinn · 85 replies · 5,322+ views
    Exurban League ^ | Thursday, September 24, 2009 | Jon
    An important update about the creepy video we posted yesterday. The Burlington Township School District, to which B. Bernice Youngs Elementary School belongs, posted the following Letter to Parents this morning. Dear Burlington Township Families: Today we became aware of a video that was placed on the internet which has been reported in the media. The video is of a class of students singing a song about President Obama. The activity took place during Black History Month in 2009, which is recognized each February to honor the contributions of African Americans to our country. Our curriculum studies, honors and recognizes...
  • Chrysler won't repay bailout money

    05/05/2009 3:20:38 PM PDT · by jimbo123 · 25 replies · 1,193+ views
    CNN Money ^ | 5/5/09 | Chris Isidore
    Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part of its bankruptcy filing. This revelation was buried within Chrysler's bankruptcy filings last week and confirmed by the Obama administration Tuesday. The filings included a list of business assumptions from one of the company's key financial advisors in the bankruptcy case. Some of the main assumptions listed by Robert Manzo of Capstone Advisory Group were that the Treasury would forgive a $4 billion bridge loan given to Chrysler in the closing days of the Bush administration, a $300...
  • Once Trusted Mortgage Pioneers, Now Pariahs (the Sandlers of Countrywide, big Dem contributors)

    12/24/2008 7:23:40 PM PST · by reaganaut1 · 18 replies · 1,162+ views
    New York Times ^ | December 24, 2008 | Michael Moss and Geraldine Fabrikant
    SAN FRANCISCO — Herbert Sandler, the founder of the Center for Responsible Lending, is standing in his bayfront office watching a DVD that trains brokers to pitch mortgages by extolling the glories of the real estate boom. The video reeks of hucksterism, and it infuriates Mr. Sandler. “I would not have approved that!” he declares. “I don’t think we should be selling our loans based on home prices continuing to go up.” But the DVD was produced in 2005 by a mortgage lender that Mr. Sandler and his wife, Marion, ran at the time: World Savings Bank. And the video...
  • Dutch Insurer May Buy Thrift to Get US Bailout Funds

    11/18/2008 12:45:26 PM PST · by BGHater · 16 replies · 430+ views
    Reuters ^ | 18 Nov 2008 | Reuters
    Dutch insurer Aegon said it may buy a small U.S. thrift company to qualify for potentially more than $1 billion in U.S. government support, sending its shares down more than 8 percent. "This is part of our strategy to ensure Aegon has the strongest capital position possible," said Aegon spokesman Greg Tucker. "If Aegon is eligible, we would seek the minimum range of funding possible." The range was 1 to 3 percent of its $125 billion in U.S. assets, he said, and the application was for the so-called Troubled Asset Relief Program (TARP) which the U.S. government has used to...
  • Pinkerton: MSNBC Backs Obama, Gets $139 Billion Gov Guarantee

    11/15/2008 6:33:15 PM PST · by St. Louis Conservative · 38 replies · 2,590+ views
    Newsbusters ^ | November 15, 2008 | Mark Finkelstein
    Is MSNBC being rewarded for having supported Obama? That's what Jim Pinkerton suggests. On this evening's Fox News Watch, the columnist and New America Foundation fellow cited the news that GE Capital, a subsidiary of MSNBC's parent company GE, has received a $139 billion government loan guarantee. Host Jon Scott opened this evening's show opened with a clip of Chris Matthews [in a story that NB was first to report], saying that he saw as his "job" making the Obama presidency a success. Pinkerton unloaded.
  • MSNBC Welfare Recipient (Bailout pays for Olberman's new contract)

    11/14/2008 7:15:53 AM PST · by Dutchgirl · 15 replies · 1,156+ views
    Conservative Punk ^ | 11/10/08 | Rizzuto
    Mon Nov 10, 2008 - Thought the bailout just extended to a handful of major banks and government sponsored entities? Think again. This from Triple-A rated GE has long been considered as safe an investment as you can get--as safe as, say, houses. But last week's emergency financing, which destroyed tens of billions of dollars of GE shareholder value, caused many observers to revise their opinion of the company's risk profile. And language in GE's most recent 8K should cause everyone to break out in a cold sweat. As of June 30, GE had about $100 billion in short-term...
  • States find dialysis for illegal immigrants a costly dilemma

    11/09/2008 5:52:11 PM PST · by Tennessee Nana · 67 replies · 608+ views
    The Seattle Times ^ | November 9, 2008 | Alan Zarembo and Anna Gorman
    Roughly 2,000 times over the past 17 years, Marguerita Toribio, an illegal immigrant from Mexico, has climbed into a cushioned recliner for the three-hour dialysis treatment that keeps her alive. She has never seen a bill. U.S. taxpayers have covered the entire cost of her treatment in California: more than $500,000 and rising, not including a kidney transplant in 1993. The kidney failed when Toribio briefly moved to North Carolina, which refused to pay for her anti-rejection drugs. She needed to go back on dialysis three days a week to clear toxins from her blood, but North Carolina didn't cover...