I cancelled my GoDaddy domains this morning.
If a pack of wolves is going to eat somebody this week, I have a nomination.
U.S. consumers face "serious" inflation in the months ahead for clothing, food and other products, the head of Wal-Mart's U.S. operations warned Wednesday.
[...] inflation is "going to be serious," Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY's editorial board. "We're seeing cost increases starting to come through at a pretty rapid rate."
Along with steep increases in raw material costs, John Long, a retail strategist at Kurt Salmon, says labor costs in China and fuel costs for transportation are weighing heavily on retailers. He predicts prices will start increasing at all retailers in June.
The government faces two choices: default or the slow puncture of inflation. Inflation is probably the lesser of two evils, but it's no picnic, as Argentina, Zimbabwe, and Weimar Germany can attest.... Bill Gross has come to the realization that the U.S. can never pay its obligations in anything remotely resembling today's dollars.
[...] the only way out of the dilemma, absent very large entitlement cuts, is to default in one (or a combination) of four ways: 1) outright via contractual abrogation – surely unthinkable, 2) surreptitiously via accelerating and unexpectedly higher inflation – likely but not significant in its impact, 3) deceptively via a declining dollar– currently taking place right in front of our noses, and 4) stealthily via policy rates and Treasury yields far below historical levels – paying savers less on their money and hoping they won’t complain.
“If I was head of DNC, I would be quietly rooting for it,” said Dean, speaking on a National Journal Insider’s Conference panel Tuesday morning. “I know who’s going to get blamed – we’ve been down this road before.”And here's Chuckie Schumer, caught on tape coaching his colleagues how to spin a shutdown:
\Moments before a conference call with reporters was scheduled to get underway on Tuesday morning, Charles E. Schumer of New York, the No. 3 Democrat in the Senate, apparently unaware that many of the reporters were already on the line, began to instruct his fellow senators on how to talk to reporters about the contentious budget process.Never mind that the debate is over $30 billion when we are running deficits of $1.5 trillion. So the Democrats' plan is to keep running deficits of 10% of GDP, and anyone who suggests running deficits of only 9.8% of GDP -- still in serious Greece territory and on the express train to fiscal disaster -- is "extreme." The sad thing is, they are probably right that the media will spin this their way. The mainstream media is still, as always, completely in the tank for Democrats.
After thanking his colleagues — Barbara Boxer of California, Benjamin L. Cardin of Maryland, Thomas R. Carper of Delaware and Richard Blumenthal of Connecticut — for doing the budget bidding for the Senate Democrats, who are facing off against the House Republicans over how to cut spending for the rest of the fiscal year, Mr. Schumer told them to portray John A. Boehner of Ohio, the speaker of the House, as painted into a box by the Tea Party, and to decry the spending cuts that he wants as extreme. “I always use the word extreme,” Mr. Schumer said. “That is what the caucus instructed me to use this week.”
One remedy under consideration is for the judge to tell the jury to disregard Bell's testimony regarding Bonds' testicles.Go after the thieves at Lehman and Goldman who sank our economy and walked away with billions? Nope, not one of them will wind up in jail.
In his latest trip to New Hampshire, Republican Rick Santorum says the Social Security system would be in much better shape if there were fewer abortions.As I asked questions of Obama in my previous post I will stay consistent:
He says the system has design flaws, but the reason it is in big trouble is that there aren't enough workers to support retirees. He blamed that on what he called the nation's abortion culture. He says that culture, coupled with policies that do not support families, deny America what it needs - more people.
President Barack Obama said the U.S. and its allies had to take military action in Libya to avert a massacre of civilians that would have “stained the conscience of the world.”
If we tried to overthrow Gadhafi by force, our coalition would splinter," he predicted...
"To be blunt, we went down that road in Iraq," he said — a road that took eight years to travel. "That is not something we can afford to repeat in Libya."
Viewed more broadly, the carnage on Wall Street in September 2008 was the inevitable crash of a 40-year financial bubble spawned by the Fed after Nixon closed the gold window in August 1971. As time passed, the Fed's market-rigging and money-printing actions had become increasingly destructive — leaving the banking system ever more unstable and populated with a growing bevy of Too Big to Fail institutions.
The 1984 rescue of Continental Illinois; the 1994 Mexican peso crisis bailouts; the Fed's 1998 life-support operation for LTCM — were all just steps along the way to the fall of 2008.
Then, faced with the collapse of their own handiwork, Washington panicked and joined the Fed in unleashing an indiscriminate bailout capitalism that has now thoroughly corrupted the halls of government, even as it has become a debilitating blight on the free market.
In this context, the linkage between printing-press money and fiscal profligacy merits special attention. In the post-TARP world, there remain no fiscal rules at all, and already we have had cash for clunkers, cash for caulkers, and under the homebuyer's credit, cash for convicts.
Indeed, my belief is that the subprime meltdown was only a warm-up. The real financial widow-maker of the present era is likely to be US government debt itself.
The sheer budgetary facts are bracing enough. It needs be recalled that fiscal year 2011, now underway, will encompass not a recession bottom but the sixth-through-ninth quarter of recovery. During this interval of purported rebound, however, the White House now projects red ink of $1.645 trillion. This means that 43 cents on every dollar spent will be borrowed, thereby generating a financing requirement just shy of 11 percent of national income.
These elephantine figures mark a big lurch southward — since deficits only half this size were expected for the current year as recently as last spring. Notwithstanding a full year of green shoots and booming stocks, however, Washington embraced a monumental round of new fiscal stimulus in December.
The result was a trillion-dollar Christmas tree festooned with fiscal largesse for every citizen — inclusive of the quick as well as the dead. Moreover, this bounty was extended without prejudice to each and every social class — with workers, the unemployed, the middle class, the merely rich, and billionaires, too, getting a share.
It would be foolish in the extreme to dismiss this budgetary eruption as a fit of transient exuberance — even if by the president's own admission the White House was in a shellacked state of mind, and in no position to restrain December's bipartisan stampede. In fact, the United States is clocking a 10-percent-of-GDP deficit for the third year running because this latest budgetary fling is just another episode in the epochal collapse of US financial discipline that began 40 years ago at Camp David.
That the demise of the gold standard should have been as destructive of fiscal discipline as it was of monetary probity can hardly be gainsaid. Under the ancient regime of fixed exchange rates and currency convertibility, fiscal deficits without tears were simply not sustainable — no matter what errant economic doctrines lawmakers got into their heads.
This has nothing to do with politics; Republicans and Democrats are equal budgetary failures as decades of evidence demonstrates. But wrong is wrong. And this nomination is an embarrassment. The most crucial time in our nation's budget history and Obama nominates a political hack with no budget experience sporting a degree from the University of Rochester and a Masters in public policy from George Washington. She worked for John Kerry for 8 years before joining Obama's campaign. She began her career as an advocate for public schools.I can only add my disappointment that she didn't more often respond using the word 'like'.
Police say a San Antonio Taco Bell customer enraged that the seven burritos he ordered had gone up in price fired an air gun at an employee and later fired an assault rifle at officers before barricading himself into a hotel room.
San Antonio police Sgt. Chris Benavides says officers used tear gas Sunday night to force the man from the hotel room after a three-hour standoff. The man is charged with three counts of attempted capital murder. Authorities have not released his name.
Brian Tillerson, a manager at the Taco Bell/KFC restaurant, told the San Antonio Express-News that the man was angry the Beefy Crunch Burrito had gone from 99 cents to $1.49 each.
"I’ve dispatched Hillary to the Middle East to talk about how these countries can transition to newleaders — though, I’ve got to be honest, she’s gotten a little passionate about the subject,” Obama said to laughter from the audience. These past few weeks it's been tough falling asleep with Hillary out there on Pennsylvania Avenue shouting, throwing rocks at the window."
Britain announced that it would send fighter jets and France was making plans to deploy planes, but the U.S. had yet to announce what its role would be. NATO also held an emergency meeting.
A Maine man has been jailed on federal charges that he threatened to kill or harm two of the hosts of “All Things Considered,” the popular National Public Radio news program, The Smoking Gun has learned.
During a search of Crosby’s Volvo station wagon following his bust, FBI agents found a shotgun and shells in the vehicle, according to court records.
According to an affidavit sworn by FBI Agent Nathan Jacobs, Crosby sent more than 20 bizarre, and often threatening, messages to NPR via a “Contact Us” form on the organization’s web site. Many of the messages--which were sent during a two-month period ending with Crosby’s arrest--“referenced ‘kikes’ and contained other generalized threats directed toward NPR,” Jacobs noted.
But it was a January 17 message that prompted NPR officials to contact federal investigators. In that communication, Crosby allegedly threatened to kill “All Things Considered” host Melissa Block, whom he described as “an annoying *unt who is helping to destroy me to use me as a human sacrifice. She will be raped, beaten, tortured, and murdered very soon.” Agents traced the threat to an IP associated with a Starbucks location on Congress Street in Portland.
...But, even were we to subscribe to this myth of secular slump, the idea that to eradicate a large quantum of people's possessions or to evaporate a sizeable fraction of their nest-eggs would be to contribute to their prosperity is to reckon that in futilely striving to heft his rock up the hill for all eternity, Sisyphus was the most tireless 'engine of growth' for Hades at large.
If you go to the trouble of cooking yourself a dinner, only for the dog to snatch it from the sill where you placed it to cool, do you congratulate yourself on your own good fortune as you troop back to the larder to begin again? If a sudden hailstorm strips bare the groaning ears of your wheat crop the day before you were due to harvest it, do you cheerily go about preparing the field for replanting, content in the knowledge that your doubled labour is being duly recorded in the plus column by a mindless government data-gatherer?
After all, if the awful spectacle of vast swathes of land littered with shattered buildings and crumpled vehicles—or the concern that they suffer the invisible hazards of radioactive contamination—offers such grand opportunities for advancement, why stop there?
Why wait for the vagaries of the climate, or the tortured creaking of continental plates to bring about such a 'stimulus' to growth? Why not declare war on ourselves and unleash our titanic arsenals of destruction on our own towns and cities, and rain down hellfire upon our own farms and gardens, razing the first to the ground and sowing the last with salt, until we make a self-inflicted Carthage of them, one in whose midst we can hope to become rapidly richer than our neighbours as, shivering and starving, we pick our way among the debris of our former civilisation to the nearest construction site?
This is all such arrant nonsense that you should banish from your consideration, henceforth and forever, all of the jejune scribblings of the fool whom you once catch propounding it!
In response to these problems, [the Confederate] Congress came to rely increasingly on the resource it had created in March: Treasury notes. Paper money had several advantages. It didn’t infringe on the sovereignty of the states. It provided a way to avoid taxes and to compensate for the Confederacy’s lack of capital, at least temporarily. And it spared the South the more painful task of building a sound financing structure — a task that might require difficult decisions about the Confederate system’s shortcomings.
The value these notes generated couldn’t be sustained forever, though. As their quantity grew, so would inflation. As paper came to shoulder the bulk of the Confederacy’s costs, its inevitable depreciation greatly undermined the Southern effort. The war couldn’t be funded on faith alone. It required real revenue, something the deliberately decentralized Confederacy wasn’t designed to deliver.
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"Radical", "racist", "Islamophobic", "xenophobic", "white", "middle-America", "gun-toting" and a couple more "racist" just to make sure the liberal-Left pejorative tool box had been completely emptied.Why are tax dollars still going to fund this arrogant, elitist, slandering, and blatantly partisan organization? But the bigger question is, why does America have a state-sponsored media in the first place?
In the months before Libyans revolted and President Barack Obama told leader Moammar Gadhafi to go, the U.S. government was moving to do business with his regime on an increasing scale by quietly approving a $77 million dollar deal to deliver at least 50 refurbished armored troop carriers to the dictator's military.
Congress balked, concerned the deal would improve Libyan army mobility and questioning the Obama administration's support for the agreement...
Even the prosecution agreed that Locker, 52, had orchestrated his own death - but the trial became a matter of whether Minor had been hired to kill Locker as a hitman, or whether he was hired to assist in Locker's suicide.
According to Minor's statement to police, Locker had approached him and offered him money to kill him and make it look like a robbery so his family could collect as much as $18 million in life insurance.
Locker's business was on its knees. In the wake of the recession bookings slumped and he maxed out his $16,000 credit card limit.
In the six months before his death his savings fell from $86,000 to $5,800.
He had a large mortgage and was on the verge of declaring bankruptcy after losing $400,000 in a Ponzi scheme run by boy-band impresario Louis Perlman, the mastermind of 'N Sync and the Backstreet Boys.
He was facing a federal bankruptcy court trustee's demands to return at least $121,200 the court said he had made from his stake in Perlman's enterprise.
Locker felt trapped. Aged 52, everything he had worked for was about to fall apart.
Going bankrupt he would have lost his name, his wealth and his standing among all those who knew him in New Jersey.
The prospect of dragging the entire family into the gutter could have proved too much for him to handle.
Defence lawyers have said that his death had been an elaborate plan to defraud insurance companies, having taken out policies worth $14million.
ILL DO ANYTHING FOR MONEY just about
yeah so if you need any one hurt or need something moved out or just what every pay me and ill do it
ill work for weed too im drastic i need the gas money
Several former employees are now behind a former cocktail waitress who says The Light Group encourages its workers to take drugs, drink alcohol, and perform sexual favors.
The lawsuit alleges The Light Group grooms underage women to work at its nightclubs. Managers allegedly furnish workers with cocaine and train the girls to be sexually provocative. Marquis says it’s all done to please big spenders.
The U.S. government has 15 different agencies overseeing food-safety laws, more than 20 separate programs to help the homeless and 80 programs for economic development..
These are a few of the findings in a massive study of overlapping and duplicative programs that cost taxpayers billions of dollars each year, according to the Government Accountability Office.
A report from the nonpartisan GAO, to be released Tuesday, compiles a list of redundant and potentially ineffective federal programs, and it could serve as a template for lawmakers in both parties as they move to cut federal spending and consolidate programs to reduce the deficit. Sen. Tom Coburn (R., Okla.), who pushed for the report, estimated it identifies between $100 billion and $200 billion in duplicative spending. The GAO didn't put a specific figure on the spending overlap