Avoid the guy who offers his clients 'a very special opportunity' to invest in anything. He has a problem with cocaine.I will note the parallel between this guy and just about every 'very special episode' of a TV series with young characters.
Kathleen Parker has been dropped from "Parker Spitzer," and the show is being replaced by a new show called "In The Arena," the network announced Friday.(emphasis mine)
In a memo to staff, CNN President Ken Jautz said that "In The Arena" would be an "ensemble" show, with "several newsmakers, guests and contributors joining Eliot Spitzer each night." Among the regulars will be former Fox News anchor E.D. Hill and National Review writer Will Cain.
Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that's wrong.It's a good question, and, considering the timing of the crisis, it really started in September 2008, and there was no way that anything but damage control could be done over the next few months, the answer has to be, "Because Barack Obama does not want a single financial executive to go to jail."
Former Prime Minister, and former Fianna Fail head, Brian Cowen, in an unintentionally apt photograph
Not worth almost $25 USWhen a well-stocked ice cream parlour says they sell every flavour, there are usually limits.A rusk is a sort of biscotti, apparently.
But one restaurant in London is selling breast milk ice cream which is being served to customers in a cocktail glass.
Icecreamists, based in Covent Garden, have named the £14 dish Baby Gaga.
Victoria Hiley, 35, from Leeds provided the first 30 fluid ounces of milk which was enough to make the first 50 servings.
But the company are looking for more women to provide breast milk - and are providing £15 for every ten ounces extracted using breast pumps.
The recipe blends breast milk with Madagascan vanilla pods and lemon zest, which is then freshly churned into ice cream.
A costumed Baby Gaga waitress serves the ice cream in a martini glass filled with the breast milk ice cream mix. Liquid nitrogen is then poured into the glass through a syringe and it is served with a rusk.
A congressional source said Boeing was the “clear winner.” Lynn repeated the mantra and told reporters during the press briefing “that I think what we can tell you is Boeing was the clear winner” when asked how close was the competition.The first part is true, the 767 consumes less fuel per flight hour, but, and this is the reason that no one is buying it commercially any more, it costs more per pound of payload, or, one would assume, pound of fuel offloaded to tankers.
The difference between the two bids may have come down the difference in fuel consumption, speculated Loren Thompson, defense consultant and analyst at the Lexington Institute. “The Airbus plane burns over one ton more of fuel per flight hour than the Boeing plane. Multiply that by 40 years and that’s a lot of money,” Thompson said. Boeing has argued for some time that its fuel consumption rate would save taxpayers “tens of billions” of dollars over the life of the program.
You might see a Claddagh ring, basically a Celtic wedding ring, but I see Goatse.More than 100 bankers at Royal Bank of Scotland were paid more than £1m last year and total bonus payouts reached nearly £1bn – even though the bailed-out bank reported losses of £1.1bn for 2010.The unions are not the only ones who are baffled.
The chairman, Sir Philip Hampton, said the number of millionaires was lower than a year ago and said a quarter of the group's 18,700 investment bankers would not receive a bonus from the £950m payout pool agreed with UK Financial Investments, which controls the taxpayer's 83% stake in the bank. Unions were baffled that any bankers were getting bonuses.
It was an incendiary allegation — and a mystery of great intrigue in the media world: After the publishing powerhouse Judith Regan was fired by HarperCollins in 2006, she claimed that a senior executive at its parent company, News Corporation, had encouraged her to lie two years earlier to federal investigators who were vetting Bernard B. Kerik for the job of homeland security secretary.Yeah, it's "unclear".
Ms. Regan had once been involved in an affair with Mr. Kerik, the former New York City police commissioner whose mentor and supporter, former Mayor Rudolph W. Giuliani, was in the nascent stages of a presidential campaign. The News Corporation executive, whom she did not name, wanted to protect Mr. Giuliani and conceal the affair, she said.
Now, court documents filed in a lawsuit make clear whom Ms. Regan was accusing of urging her to lie: Roger E. Ailes, the powerful chairman of Fox News and a longtime friend of Mr. Giuliani. What is more, the documents say that Ms. Regan taped the telephone call from Mr. Ailes in which Mr. Ailes discussed her relationship with Mr. Kerik.
It is unclear whether the existence of the tape played a role in News Corporation’s decision to move quickly to settle a wrongful termination suit filed by Ms. Regan, paying her $10.75 million in a confidential settlement reached two months after she filed it in 2007.
“In fact,” the complaint said, “a senior executive in the News Corporation organization told Regan that he believed she had information about Kerik that, if disclosed, would harm Giuliani’s presidential campaign. This executive advised Regan to lie to, and to withhold information from, investigators concerning Kerik.”It appears that Fox in general, and Ailes in particular, found supporting Rudy Giuliani's presidential campaign to be imperative, and so told her to lie in order to keep the dirt off of Rudy.
Mr. Redniss, in his affidavit, referred to “a recorded telephone call between Roger Ailes, the chairman of Fox News (a News Corp. company) and Regan, in which Mr. Ailes discussed with Regan her responses to questions regarding her personal relationship with Bernard Kerik.”
The court records examined by The New York Times this week, which have subsequently been taken out of the public case file, also reveal another interesting footnote. After Ms. Regan fired her lawyers, a seemingly unlikely figure came forward to help settle the case: Susan Estrich, a law professor and a regular Fox commentator whose book Ms. Regan had published, according to Ms. Regan’s affidavit.Susan Estrich has been an absolutely useless horror show on the American body politic since she handed the presidency to George H.W. Bush on a silver platter as Michael Dukkakis' campaign manager.
I would be willing to sit down and talk to him, the assembly Democrat leader, plus the other two Republican leaders—talk, not negotiate and listen to what they have to say if they will in turn—but I’ll only do it if all 14 of them will come back and sit down in the state assembly…legally, we believe, once they’ve gone into session, they don’t physically have to be there. If they’re actually in session for that day, and they take a recess, the 19 Senate Republicans could then go into action and they’d have quorum…so we’re double checking that. If you heard I was going to talk to them that’s the only reason why. We’d only do it if they came back to the capital with all 14 of them…So he's been caught on tape admitting that he would basically launch a sneak attack during peace talks, good luck getting anyone to trust you ever again.
To the shock of President Hamid Karzai's aides, Gen. David H. Petraeus suggested Sunday at the presidential palace that Afghans caught up in a coalition attack in northeastern Afghanistan might have burned their own children to exaggerate claims of civilian casualties, according to two participants at the meeting.I know that Petraeus sees his mission as continuing the various "Forever Wars," because it keeps that old Pentagon gravy train rolling along, but this is beneath contempt.
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The U.S. military "did have initial reports that the feet and hands of the children appeared to have been burned," Smith said. "We have observed increased reporting of children being disciplined by having their hands and feet dipped into boiling water. No one is claiming this is the case in this instance, but it may well be."
Petraeus apparently had suggested something along these lines at the national security council meeting Sunday, remarks that "really bothered everyone," including Karzai, one participant said.
"He claimed that in the midst of the [operation] some pro-Taliban parents in contact with a government official decided to create a civilian casualty claim to pressure international forces to cease the [operation]. They burned hands and legs of some of their children and sent them to the hospital," a second participant said.
Bush implemented this toward the end of his term, and it took Obama 2 years to repeal it?The decision guts one of President George W. Bush's most controversial legacies: a rule that was widely interpreted as shielding workers who refuse to participate in a range of medical services, such as providing birth control pills, caring for gay men with AIDS and performing in-vitro fertilization for lesbians or single women.Friday's move was seen as an important step in countering that trend, which in recent years had led pharmacists to refuse to fill prescriptions for the emergency contraceptive Plan B, doctors in California to reject a lesbian's request for infertility treatment, and an ambulance driver in Chicago to turn away a woman who needed transportation for an abortion.
Soon after Obama assumed office, administration officials said they agreed the regulation was too broad and announced plans to rescind it. But officials indicated that instead of simply invalidating the rule, they would seek to replace it with a compromise. The announcement triggered more than 300,000 comments, which officials have spent months reviewing. The Federal Register notice announcing the decision cites concerns raised by both sides in the comments but concludes that most of the provisions were unnecessary and potentially problematic.I think that crap like this comes from the top, and I think that Barack Obama is personally opposed to a woman's right to choose, but finds the politics unavoidable, so feet are dragged, until the absolute minimum is begrudgingly done.
The rule will retain a provision that empowers the HHS Office of Civil Rights to investigate any complaints by workers who believe their rights under existing federal law were being violated. The office is currently investigating a complaint from a nurse who claims she was forced to perform an abortion in New York.
I asked Geithner if he had a grand vision for the postcrisis landscape—for, say, a less bloated financial sector with a smaller role in the economy—and a map for how to get there. Could he be a figure like George Marshall, who helped win the World War and then remade Europe so that it couldn’t happen again?And then he smoked a cigarette, and asked if was good for me.
Geithner hunched his shoulders, pressed his knees together, and lifted his heels up off the ground—an almost childlike expression of glee. “We’re going, like, existential,” he said. He told me he subscribes to the view that the world is on the cusp of a major “financial deepening”: As developing economies in the most populous countries mature, they will demand more and increasingly sophisticated financial services, the same way they demand cars for their growing middle classes and information technology for their corporations. If that’s true, then we should want U.S. banks positioned to compete abroad.
“I don’t have any enthusiasm for … trying to shrink the relative importance of the financial system in our economy as a test of reform, because we have to think about the fact that we operate in the broader world,” he said. “It’s the same thing for Microsoft or anything else. We want U.S. firms to benefit from that.” He continued: “Now financial firms are different because of the risk, but you can contain that through regulation.” This was the purpose of the recent financial reform, he said. In effect, Geithner was arguing that we should be as comfortable linking the fate of our economy to Wall Street as to automakers or Silicon Valley.
Federal prosecutors have shelved a criminal investigation of Angelo R. Mozilo after determining that his actions in the mortgage meltdown — which led to $67.5-million settlement against him — did not amount to criminal wrongdoing.As Atrios notes, what this really means is that if you want to run a criminal enterprise, make sure that everyone has a piece of it, because, "If Everybody Is Guilty Then Nobody Is."
As the former chairman of Countrywide Financial Corp., Mozilo helped fuel the boom in risky subprime loans that led to the crippling of the banking industry and the near-collapse of the financial system.
A federal grand jury in Los Angeles began probing Mozilo in 2008, and four months ago he agreed to pay a $22.5-million fine and to repay $45 million in what the government said were ill-gotten gains to former Countrywide shareholders. The payments settled a civil action by the Securities and Exchange Commission.
The folks at the USAF do seem to spend a suspiciously large amount of time talking about "penetrators", don't they?Penetrate faster, harder with new AFRL weapon
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An Air Force Research Laboratory fact sheet with a 2011 time-stamp for public release approval tells us that a 2,000lb-class weapon with 5,000lb-class penetration capability could be available within three years.
"Future fighters will be able to deliver bunker-busting capabilities currently associated with the bomber fleet," the fact sheet says.
I found the fact sheet for the High Velocity Penetrating Weapon (HVPW) in the AFRL munitions directorate booth at the Air Warfare Symposium a few days ago. The document reveals the USAF has shifted its focus on next-generation penetrator technology on a couple of different levels.
Pratt & Whitney has reached an informal agreement with government officials to slash 16% off the total price of the next batch of 37 engines to be ordered for the Lockheed Martin F-35 Joint Strike Fighter.If you assume $15 million per engine, it means that this cost, assuming that this continues across the production run (it won't, particularly with the GE/Rolls F136 out of the picture) would end up saving money after the delivery of about 450 engines.
At the same time, the company acknowledges the cost of the overall F135 engine development programme will grow by about $1 billion to support a three-year extension of flight tests and to improve the engine's performance and durability.
Wisconsin Republican Governor Scott Walker, whose bill to kill collective bargaining rights for public-sector unions has caused an uproar among state employees, might not be where he is today without the Koch brothers. Charles and David Koch are conservative titans of industry who have infamously used their vast wealth to undermine President Obama and fight legislation they detest, such as the cap-and-trade climate bill, the health care reform act, and the economic stimulus package. For years, the billionaires have made extensive political donations to Republican candidates across the country and have provided millions of dollars to astroturf right-wing organizations. Koch Industries' political action committee has doled out more than $2.6 million to candidates. And one prominent beneficiary of the Koch brothers' largess is Scott Walker.Seriously, these guys are to the conservative wackdoodle movement as Gaëtan Dugas was to AIDS.
This is bad hair!
Internet service has been cut off in Libya for a second consecutive day as protesters step up demonstrations against longtime leader Muammar Gaddafi, a U.S. company that monitors Internet traffic said on Saturday.I kind of figured that Bahrain would go first, because it's a predominantly Shia country ruled by a Sunni king, but I may have been wrong.
Massachusetts-based Arbor Networks said data collected from 30 Internet providers around the world showed that online traffic in and out of Libya was disconnected abruptly at 7:15 p.m. EST on Friday after two partial interruptions earlier that day.
The Pentagon announced today it would kill MEADS, an anti-missile program once declared the highest priority weapon system for the United States and its allies to build together.I did some very preliminary work on MEADS about 12 years ago. Essentially, because, unlike the PAC-3, it did not exactly need to have 4 missiles to fit in a 4-pack that had the same form, fit, and function as the larger Patriot PAC-2, which allowed for some logistical enhancements.
The Army has tried several times before to kill the program, which uses the Patriot interceptor, but has always been overruled before by the Office of Secretary of Defense. Germany and Italy have made major political and industrial commitments in pursuit of MEADS and they will doubtless let America know just what they think of this decision.
To get expert perspective on MEADS’ demise, we contacted Frank Cevasco, one of the top international defense consultants and someone who has closely followed MEADS for more than a decade. While a senior Pentagon official he and colleagues at OSD pushed the Army to create a program office to manage a future extended air defense program, which eventually became MEADS. He said he does not represent any of the companies involved in the program.The military funds fairy is named either Obama or Gates, your choice.
Cevasco said at least part of the cost overrun can be attributed to a plan to replace Patriot with MEADS on a one-for-one basis. “I was told that doesn’t make sense as a MEADS fire unit has substantially greater geographic coverage than Patriot. I agree there would be additional costs associated with integrating MEADS with a separate Army command and control system, a requirement that was levied on the program unilaterally by Army about two years ago. Moreover, a portion of the cost overruns and schedule slippages can be attributed to the Army and DoD technology disclosure community who refused to allow the MEADS industry team to share key technology. The matter was resolved but only after intervention by senior OSD officials and the passage of considerable time; and, time is money with major weapons system development programs,” he said in an email.
Bottom line for Cevasco: “Army has done its best from the every beginning to sabotage the program, preferring to develop a US-only solution funded by the US (with funds provided by the good fairy).”
The airliner is billions of dollars over budget and about three years late. Much of the blame belongs to the company's farming out work to suppliers around the nation and in foreign countries.It should be noted that aircraft manufacturers do not make money off of the sales of aircraft, but rather on spares and support down the road, and in outsourcing, Boeing has thrown that revenue stream to its suppliers, an act that Atrios calls, "obviously insane," additionally, it makes the entire process of creating an aircraft more riskier, because you have less control over whether tab A fits in slot B, or, as Felix Salmon notes, it's like, "picking up pennies in front of a steamroller".
The inescapable problem with outsourcing work that could be done in-house is that it necessarily increases the tasks and man-hours to carry out the work way above those needed to perform all assembly, including most subassemblies, at one site. Experience in the electronics industry has shown that out-sourcing work to regions of low labor rate is only a transitory phenomenon. The reason why the rates were low was that there had previously been no work there. Once the work became available, hourly rates increased, so that the primary electronic companies kept moving the work to yet another as-yet-under-developed area, and the cycle was repeated. This may be cost-effective for small items, with production lives of only a few years at most, but it is inappropriate for large aircraft that may need spare parts throughout a service live in excess of 50 years (80 or more for some military aircraft) and for which the manufacturing program itself may last 40 or 50 years. There are so many aircraft components that must be out-sourced, such as engines, avionics, and systems, because today’s prime aircraft manufacturers are no longer equipped to undertake such work themselves, that the retention of a determinable minimum fraction of the structures work is a pre-requisite to developing sufficient cash to develop new products. Without new products, as distinct from derivatives, all companies will go out of business, no matter what their line of business.(emphasis original)
The correctness of the author’s position on these matters is easily confirmed by two facts. It was the suppliers who made all the profits on the extensively out-sourced DC-10s, not the so-called systems-integrating prime manufacturer. (The same thing has happened on aircraft assembled by Boeing, in Seattle, too.) Also, when plans were being formulated for the proposed MD-12 very large transport aircraft, almost all potential suppliers indicated a preference for being subcontractors rather than risk-sharing “partners”. Could they have known more about maximizing profits, minimizing risk, etc., than the prime manufacturer who sought their help even though it could borrow money at lower rates of interest than potential suppliers could? The DC-8 was manufactured and assembled almost entirely within the Long Beach plant, with only the nose coming from Santa Monica. That policy was changed after the acquisition of the former Douglas Aircraft Company by the former McDonnell Aircraft Company, but the change did not improve the company’s profitability. It is time for Boeing to reverse this policy.
In Boeing’s case, they outsourced far too much, only to find that they were getting parts that didn’t do what they were supposed to — and also to find that the subcontractors were seizing a lot of the rents. They discovered, in effect, that there are times when it’s better to rely on central planning than to leave things up to the market.Heh. Here's hoping that I'm never a good case study for some academic.
Obviously this isn’t always true. There’s a tradeoff. But that’s the point — and it’s this tradeoff that determines how big firms should be. Boeing has now provided a clear motivating example. Their loss, the economics profession’s gain.
The U.S. House of Representatives today voted to kill funding the F-35 Joint Strike Fighter backup engine made by General Electric Co. and Rolls Royce Group Plc.This is important for a number of reasons.
By a vote of 233-198, the House voted to cut $450 million for the engine from legislation funding the Pentagon for the remainder of the fiscal year ending Sept. 30.
It is the first time in more than four years of votes that the House has come out against the GE-Rolls Royce engine for the F-35, the stealth fighter made by Lockheed Martin Corp. In May, 2010, the House voted 231-193 to continue the program.
So, BP is whining because it thinks that Ken Feinberg's slow walking of meager settlements is too generous:In the eight months since Kenneth R. Feinberg took over the $20 billion fund to compensate victims of the Gulf of Mexico oil spill, he has been attacked by many of those filing claims and by coastal state politicians who argue that the process is opaque, arbitrary and slow. Many of them have also argued that Mr. Feinberg’s recently published estimates of future damage to those in the gulf are too optimistic, and thus his offer of compensation in a final settlement is too low.And after that, BP murdered its parents, and asked for mercy because it was an orphan.
Now he is getting complaints from another quarter: BP.
The oil giant is arguing that if anything, Mr. Feinberg’s proposed settlements are too generous. The planned payments far exceed the extent of likely future damages because they overstate the potential for future losses, the company insists in a strongly worded 24-page document that was posted on the fund’s Web site Thursday morning.
Sixty House Republicans joined with every Democrat to beat back an anti-union amendment on Thursday that would have defunded the National Labor Relations Board, a New Deal-era independent agency that arbitrates labor disputes. The sixty defections come as the Midwest GOP governors in Wisconsin and Ohio are launching direct assaults on public employee unions.The fact that, "piling up losses in a chamber where the majority party typically rules with an iron fist," is telling.
Nine high-ranking Republican members of the Education and the Workforce Committee broke with their party to support the agency, including the chairman, Rep. John Kline (R-Minn.). GOP hostility toward organized labor is not a new phenomenon, but the hostility has intensified since Republicans took control of the House; the party went so far as to rename what had been called the Education and Labor Committee, replacing "labor" with "the workforce."
A federal jury on Friday found a former Pennsylvania judge guilty in a so-called kids-for-cash scheme, in which he took money in exchange for sending juvenile offenders to for-profit detention centers.I think that the jury felt that they had to find proof that he would not have sent these kids away if he hadn't been paid, i.e. what was in his head at the time, which is impossible.
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The jury found him not guilty, however, of seven counts of extortion and 10 counts of bribery.
The former judge faces a maximum sentence of 157 years in prison. The jury also ruled he must forfeit $997,600.
Religious leaders in Illinois and Wisconsin are offering sanctuary to Wisconsin Democrats as they boycott a vote on a Republican bill that would strip public workers of nearly all their collective bargaining rights.Actually though the most surprising development is that Barack Obama has actually felt the need to make a declarative statement on all this, as opposed to trying to make nice, and split the difference, calling it an, "assault on unions."
A mysterious halt to U.S Predator strikes on Pakistan after the Raymond Davis incident in Lahore has led to intense speculation the American "diplomat" was connected to the Drone program even as Washington and Islamabad are going eyeball-to-eyeball over his status.I'm thinking that Hyperion Protective Consultants, LLC, is about as real as Brewster-Jennings was for Valerie Plame, and that he works for the CIA, some other TLA (three letter agency), or a contractor hired by some arm of the US government.
Davis, 36, was apprehended by Pakistani police after he shot dead two Pakistanis on a busy Lahore thoroughfare on January 27, four days after the last drone U.S Drone strike in Pakistan. There has not been a single strike in the 25 days since then, making it the third-longest period of inactivity since the U.S ramped up the Predator program to take out terrorists infesting Pakistan's frontier regions, according to Long War Journal (LWJ), a blog that tracks U.S Predator attacks.
Speculation is now rife that Davis was somehow connected to the Predator program since he was reportedly carrying a GPS, telescope, camera and assorted equipment not usually associated with thoroughbred diplomats. Pakistani authorities have also accused him of unauthorized travels to the Frontier region and being in touch with extremist elements in Waziristan, which suggests he might have been coordinating the attacks with U.S moles in the region.
While Davis claimed that he shot the two Pakistanis in self-defense when they were trying to rob him, some reports have said they were ISI tails assigned to follow him because the Pakistani intelligence felt he had crossed certain unspecified "red lines." Those red lines may have involved discovering the Pakistani establishment's links with terrorists group, a pursuit which led to the death of Wall Street Journalist Danny Pearl.
The National Academy of Sciences is just out with a 190-page review [1] of the forensic science behind the FBI's investigation of the 2001 anthrax letter attacks. The takeaway: Some of the evidence cited to identify Army microbiologist Bruce E. Ivins as the perpetrator isn't as conclusive as the FBI has claimed.Considering the record on the investigation, the you can review their tactics to the prior "person of interest" in this situation (Stephen Hatfill, who was exonerated and received a cash settlement) and be rather surprised that he didn't top himself as well.
In particular, the panel of experts said it "did not definitively demonstrate" that the source of the anthrax was spores taken from a flask controlled by Ivins, a microbiologist who did vaccine research at the U.S. Army Institute for Medical Research of Infection Diseases in Maryland. Nor did scientific data generated for the FBI "rule out other sources" for the anthrax, the panel's report says.
First, the royal wedding, and now this!In his first interview for publication since his arrest in December 2008, Mr. Madoff — looking noticeably thinner and rumpled in khaki prison garb — maintained that family members knew nothing about his crimes.There's a surprise.
But during a private two-hour interview in a visitor room here on Tuesday, and in earlier e-mail exchanges, he asserted that unidentified banks and hedge funds were somehow “complicit” in his elaborate fraud, an about-face from earlier claims that he was the only person involved.
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In many ways, however, Mr. Madoff seemed unchanged. He spoke with great intensity and fluency about his dealings with various banks and hedge funds, pointing to their “willful blindness” and their failure to examine discrepancies between his regulatory filings and other information available to them.
“They had to know,” Mr. Madoff said. “But the attitude was sort of, ‘If you’re doing something wrong, we don’t want to know.’ ”
Florida's congressional delegation, state officials and Orlando Mayor Buddy Dyer are pushing back against Gov. Rick Scott's decision Wednesday to reject $2.4 billion in federal stimulus money to build a high-speed train between Orlando and Tampa.So, let's look at this, it would:
"This is a century-type decision that needs to be vetted," Dyer said. "I don't think it was given a fair hearing."
U.S. Department of Transportation Secretary Ray LaHood intends to meet either in person or by phone Friday with Florida elected officials, likely including Democratic U.S. Sen. Bill Nelson and Reps. John Mica, R-Winter Park, and Corrine Brown, D-Jacksonville, to discuss ways of keeping the project alive even as California, New York and Washington state offered to take some of the money.
And some officials were bitterly critical of Scott for pulling the plug even before bids had gone out to build the 84-mile system. Eight consortia of companies from 11 countries had indicated they would be willing to put up some or all of the state's $280 million share of the project, while the bid terms would have required them to absorb cost overruns and any operating losses for 20 years.
The mental stumbling block, for most Americans, is that financial crimes don't feel real; you don't see the culprits waving guns in liquor stores or dragging coeds into bushes. But these frauds are worse than common robberies. They're crimes of intellectual choice, made by people who are already rich and who have every conceivable social advantage, acting on a simple, cynical calculation: Let's steal whatever we can, then dare the victims to find the juice to reclaim their money through a captive bureaucracy. They're attacking the very definition of property — which, after all, depends in part on a legal system that defends everyone's claims of ownership equally. When that definition becomes tenuous or conditional — when the state simply gives up on the notion of justice — this whole American Dream thing recedes even further from reality.This is the America that we live in, and Barack Obama and Timothy Geithner like it that way.
A law under consideration in South Dakota would expand the definition of "justifiable homicide" to include killings that are intended to prevent harm to a fetus—a move that could make it legal to kill doctors who perform abortions. The Republican-backed legislation, House Bill 1171, has passed out of committee on a nine-to-three party-line vote, and is expected to face a floor vote in the state's GOP-dominated House of Representatives soon.Jeebus.
Big pharmaceutical companies could face increased competition from generic drugmakers under two proposals put forth by the Obama administration on Monday despite earlier savings extracted from drugmakers as part of last year's healthcare law.I'd feel a little bit better about this if he also wasn't cutting home heating aid to the poor in the same budget though.
President Barack Obama, as part of his 2012 budget proposal, called for cutting the number of years drugmakers could exclusively market brand-name biologic drugs to 7 years from 12.
He also set his sights on ending controversial "pay-for-delay" deals that affect traditional, chemical drugs by giving the U.S. Federal Trade Commission power to block them. Under such pacts, brand-name and generic drugmakers settle patent challenges with payoffs that delay lower-cost rivals from reaching the market.
No, but apparently we look like a bitch
U.S. banks may cut their services to the poorest Americans as a result of new U.S. financial regulations, including federal caps on debit card processing fees, Citigroup Chief Executive Vikram Pandit said Tuesday.This makes me want to go all Samuel L. Jackson/Pulp Fiction on his ass …… OK, I want to go all Samuel L. Jackson/Pulp Fiction on his ass dressed in an Elmo suit, but that last bit is just me …… Or at least I think (hope) that the last bit is just me.
New U.S. laws, including the Dodd-Frank financial regulation act passed last year, "will change banking," Pandit said in prepared remarks due to be delivered at an investors' conference in New York Tuesday.
Former USDA official Shirley Sherrod has filed a lawsuit against conservative firebrand and web entrepreneur Andrew Breitbart. The suit stems from the notorious video Breitbart posted online last year, showing an out-of-context excerpt from a speech Sherrod gave to the NAACP Freedom Fund in March 2010. The clip suggested she had used her position at the Department of Agriculture to discriminate against white farmers. The media devoured the Breitbart's version of story so voraciously that the NAACP denounced Sherrod and the Obama administration fired her. The charge was, in fact, entirely untrue.Let's be clear, as a public official at the time, Shirley Sharrod has a very high burden of proof, so I do not know her chances of prevailing, but even if she wins, it is highly unlikely that she will get anything unless she takes action in advance to ensure that the real assets of his operations are secure.
Sherrod argues in the lawsuit that the clip "damaged her reputation and prevented her from continuing her work." Breitbart, meanwhile, denounced the suit, saying he "categorically rejects the transparent effort to chill his constitutionally protected free speech."
U.S. Authorities Can't Really Fault Al-Qaeda For Deadly Bombing Of Carnival Cruise ShipOMFSM, this is funny!
'Those Things Represent Everything That's Wrong With America,' Officials Say
February 9, 2011 | ISSUE 47•06
WASHINGTON—Following Monday's deadly terrorist attack on a Carnival Cruise Line ship, U.S. officials have had difficulty issuing a stern condemnation of the incident, saying that while any act of terrorism is inexcusable, they couldn't completely blame al-Qaeda for wanting to blow up what is essentially a giant, floating symbol of everything that is truly god-awful about America.
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NASA will be sending the variable specific impulse magnetoplasma rocket (Vasimr) up to the International Space Station (Paid subscription required) for tests and validation. (Earlier posts)
Yes, These Are Royal Wedding Commemorative Condoms
HehEgypt erupted in a joyous celebration of the power of a long repressed people on Friday as President Hosni Mubarak resigned his post and ceded control to the military, ending his nearly 30 years of autocratic rule.The country is now being run by a "council of military leaders," but they have made strong assertions that they will return the country to civilian rule, and something resembling a representative democracy, in a timely manner, but, there have been lots of promises throughout the Arab world about reform of governance, and they generally have not panned out.
Shouts of “God is Great” competed with fireworks and car horns around Cairo after Mr. Mubarak’s vice president and longtime intelligence chief, Omar Suleiman, announced during evening prayers that Mr. Mubarak had passed all authority to a council of military leaders, bowing to a historic popular uprising that has transformed politics in Egypt and around the Arab world.
Protesters hugged and cheered and shouted, “Egypt is free!” and “You’re an Egyptian, lift your head.”
“He’s finally off our throats,” said one protester, Muhammad Insheemy. “Soon, we will bring someone good.”
The departure of the 82-year-old Mr. Mubarak, at least initially to his coastal resort home in Sharm el-Sheik, was a pivotal turn in a nearly three-week revolt that has upended one of the Arab’s world’s most enduring dictatorships. The popular protests — peaceful and resilient despite numerous efforts by Mr. Mubarak’s legendary security apparatus to suppress them — ultimately deposed an ally of the United States who has been instrumental in helping to carry out American policy in the region for decades.
Financiers in the City of London provided more than 50% of the funding for the Tories last year, new research has revealed, prompting claims that the party is in thrall to the banks.Relatively small donations of fifty thousand quid? That's like eighty thousand US Dollars!
A study by the Bureau for Investigative Journalism has found that the City accounted for £11.4m of Tory funding – 50.79% of its total haul – in 2010, a general election year. This compared with £2.7m, or 25% of its funding, in 2005, when David Cameron became party leader.
The research also shows that nearly 60 donors gave more than £50,000 to the Tories last year, entitling each of them to a face-to-face meeting with leading members of the party up to and including Cameron.
The study shows the impact that Michael Spencer has had on party funding. He was appointed by Cameron as Tory treasurer in an attempt to reduce the influence of Lord Ashcroft, the party's former deputy chairman. Spencer was asked by Cameron to increase the number of relatively small donations of £50,000 to curb the influence of large donors such as Ashcroft, and for these smaller donations the City was place to look.
Who knew that Lucy Van Pelt was an 82 Year Old Egyptian President?President Hosni Mubarak told the Egyptian people on Thursday that he would delegate authority to Vice President Omar Suleiman but that he would not resign, enraging hundreds of thousands gathered to hail his departure and setting in motion a volatile new stage in the three-week uprising.This is not going to end well.
The declaration by Mr. Mubarak that he would remain president appeared to signal a dangerous escalation in one of the largest popular revolts in Egypt’s history, and some protesters warned that weeks of peaceful rallies might give way to violence as early as Friday.
The 17-minute speech itself underlined a seemingly unbridgeable gap between ruler and ruled in Egypt: Mr. Mubarak, in paternalistic tones, talked in great detail about changes he planned to make to Egypt’s autocratic Constitution, while crowds in Tahrir Square, with bewilderment and anger, demanded that he step down.
Mr. Mubarak seemed oblivious. “It’s not about me,” he said in his address. When he was done, crowds in Cairo waved the bottoms of their shoes in the air, a gesture intended to convey disgust, and shouted, “Leave! Leave!”
Former U.S. President George W. Bush has cancelled a visit to Switzerland, where he was to address a Jewish charity gala, due to the risk of legal action against him for alleged torture, rights groups said on Saturday.Well, it's nice to know that there are still a few nations out there that take crimes against humanity seriously.
Bush was to be the keynote speaker at Keren Hayesod's annual dinner on Feb. 12 in Geneva. But pressure has been building on the Swiss government to arrest him and open a criminal investigation if he enters the Alpine country.
Criminal complaints against Bush alleging torture have been lodged in Geneva, court officials say.
Human rights groups said they had intended to submit a 2,500-page case against Bush in the Swiss city on Monday for alleged mistreatment of suspected militants at Guantanamo Bay, the U.S. naval base in Cuba where captives from Afghanistan, Iraq and other fronts in the so-called War on Terror were interned.
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.
In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).
I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)
I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.
