Newt on Greta Van Susteren's program last night. His suggestions might surprise you...
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Tuesday, September 30
(Video) Newt Gingrich - HIS SOLUTION to the economic crisis
by
Roland, the Gunslinger
on Tue 30 Sep 2008 01:38 PM EDT
Are Hef and his whores on the way out the doors?
by
Riley Jones
on Tue 30 Sep 2008 11:33 AM EDT
You know the economy has definitely reached crisis level when Playboy billionaire Hugh Hefner is being told to tighten his purse strings or face bankruptcy. More>>>
WSJ: The Depression of 2008? Don't Count on It
by
Riley Jones
on Tue 30 Sep 2008 09:17 AM EDT
Wall Street is dead. Whether it was murder or suicide is beside the point: Wall Street as it has operated for the past 75 years has been obliterated in a matter of weeks. And witnessing this violent death in broad daylight has traumatized investors everywhere. The Wall Street domino has toppled just about everything in sight: U.S. stocks large and small, within the financial industry and outside of it; foreign stocks; oil and other commodities; real-estate investment trusts; formerly booming emerging markets like India and China. Even gold, although it has inched up lately, has lost 10% from its highs earlier this year. Not even cash seems entirely safe, as money-market funds barely averted a "run on the bank." Of all the dominos that have tipped over, the most psychologically damaging collapse was the last: the very notion of diversification itself. More>>>
Wall Street Credit Crisis Rings Hollow on Main Street
by
Riley Jones
on Tue 30 Sep 2008 08:06 AM EDT
FTA-"The credit crisis is dominating headlines and hammering financial stocks, causing once seemingly invincible Wall Street investment houses to quake and major money center banks to quiver. But is the problem really filtering down to Main Street and the countless small businesses that provide the jobs that fuel the economy?
The nation's top economic leaders repeatedly raised the specter of a Main Street meltdown on Capitol Hill this week to justify a $700 billion bailout for major financial institutions. But the message is pretty much ringing hollow on Main Street, where rising prices and the economic slowdown outweigh credit concerns, according to the National Federation of Independent Business (NFIB)." The credit Markets are fine. Bush and Pelosi's pals on Wall Street are not- screw their bailout package.-Riley More>>>
Cadbury: Melamine Found in Chinese-Made Chocolates
by
Roland, the Gunslinger
on Tue 30 Sep 2008 03:25 AM EDT
British candy maker Cadbury said Monday it is recalling 11 types of Chinese-made chocolates after tests found they contained the industrial chemical melamine...Four infants have died and some 54,000 have developed kidney stones or other illnesses after drinking baby formula contaminated with the substance, which is used to make plastics. More>>> Thursday, September 25
Sequel News: Disney and Depp return to the Caribbean. Again.
by
Riley Jones
on Thu 25 Sep 2008 11:09 AM EDT
More sequel news announced: We apparently haven't seen the last of Captain Jack Sparrow. Disney has announced plans for a fourth film in the highly lucrative "Pirates of the Caribbean" franchise, with Johnny Depp agreeing to reprise his role as the swaggering pirate. More>>> Wednesday, September 24
Kill the bailout: Illegal immigration and the mortgage mess
by
Riley Jones
on Wed 24 Sep 2008 11:27 PM EDT
Michelle Malkin: "My syndicated column today tackles the bailout angle no one wants to talk about: Open borders and the home loan debacle. You’ve heard a lot about Fannie/Freddie and the minority lending shakedowns, but you haven’t heard most commentators/analysts on either the left or the right talk about the massive illegal alien mortgage racket — a topic I’ve reported on for the past five years. That’s because fault lies at the feet of the crime-enabling banking industry and the ethnic lobbyists and the illegal alien-enabling Bush administration.
They screwed us. Now, they want us to fork over a trillion dollars. Screw them. Kill this bailout." Ok, I've said it before, I'll say it again- Bush is not a conservative. Bush is the re-animated zombie of LBJ and I wish he would resign or change party affiliation to Independent or (even more honestly) Democrat. -Riley More>>> Tuesday, September 23
Winter 2000 City Joiurnal headline: "The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities"
by
Riley Jones
on Tue 23 Sep 2008 11:05 AM EDT
The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation's banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups, intent, in some cases, on teaching their low-income clients that the financial system is their enemy and, implicitly, that government, rather than their own striving, is the key to their well-being.
More>>> Wednesday, September 17
Obama Picks Up $9 Million at Glitzy Hollywood Fundraiser
by
Riley Jones
on Wed 17 Sep 2008 09:40 AM EDT
Barack Obama partied with Hollywood celebrities Tuesday night and with the help of Oscar-winning singer and actress Barbra Streisand raised an eye-popping $9 million for his presidential campaign and the Democratic Party. The night was split into two glitzy events, a reception and dinner costing $28,500 each at the Greystone Mansion, followed by entertainment by Streisand at the nearby Regent Beverly Wilshire Hotel. About 250-300 people were expected at the dinner and about 800 at the entertainment, which cost $2,500 a ticket. More>>> Friday, September 12
Follow Up: CNN and the Virginity Sale
by
Riley Jones
on Fri 12 Sep 2008 03:05 PM EDT
I need a bath after watching that...
Top 8 Racist Things I Found On The Web
by
Riley Jones
on Fri 12 Sep 2008 09:45 AM EDT
Though our efforts usually fail, please remember that we are not in any way racist - the below 8 instances in racism, whether intentional or not, are simply images that we found while traveling in our cottonmobile on the trail of tears, where we eat rice and watermelon, and drink Kool Aid while playing basketball blindfolded with dental floss on the web. More>>> Thursday, September 11
Wednesday, September 10
Pentagon cancels $35B tanker bidding
by
Roland, the Gunslinger
on Wed 10 Sep 2008 06:50 PM EDT
The Defense Department will push back its decision on a $35 billion tanker contract to the next administration, delaying again the hotly disputed competition between Boeing and Northrop Grumman to replace the Air Force's aging aerial refueling fleet. Defense Secretary Robert Gates told lawmakers Wednesday that he decided to cancel the current round of bidding on the plane More>>> Tuesday, September 9
Auto industry to press Congress for $50,000,000,000 in loans
by
Roland, the Gunslinger
on Tue 09 Sep 2008 04:32 PM EDT
Auto industry allies hope to secure up to $50 billion in federal t loans this month to modernize plants and help struggling car makers build more fuel-efficient vehicles. Congress returns this coming week from its summer break, and the auto industry plans an aggressive lobbying campaign for the low-interest loans. The situation is growing dire after months of tumbling sales, high gasoline prices and consumers' abandoning profitable trucks and sport utility vehicles. Lawmakers authorized $25 billion in loans in last year's energy bill, and automakers now want lawmakers to expand the pool of money available to $50 billion over three years. Source>>>
How A Botched Web Story Wiped Out UAL's Shares
by
Riley Jones
on Tue 09 Sep 2008 01:58 PM EDT
Shares of United Airlines parent UAL tanked Monday when a six-year-old Chicago Tribune story on the company's prior bankruptcy apparently resurfaced as new news, sparking a run on the stock. UAL (nasdaq: UAUA - news - people ) fell as low at $3 Monday, after closing at $12.30 per share Friday. Trading in the shares was halted until 12:30 p.m. "It's not true," said UAL a spokeswoman of the bankruptcy report. She declined to elaborate further. More>>> Sunday, September 7
Government seizes control of Fannie Mae and Freddie Mac
by
Roland, the Gunslinger
on Sun 07 Sep 2008 10:25 PM EDT
The closest historical analogy to the Fannie-Freddie crisis is the rescue of the Farm Credit and savings and loan systems in the late 1980s, said Bert Ely, a banking consultant who has been a longtime critic of the mortgage finance companies. The savings and loan bailout followed years of high interest rates and risky lending practices and ultimately cost taxpayers roughly $124 billion, with the banking industry kicking in another $30 billion, Ely said More>>> Friday, September 5
Beyond Wind Plan, Pickens Eyes Pipelines in Drought-Ridden U.S.
by
Roland, the Gunslinger
on Fri 05 Sep 2008 10:56 PM EDT
Legendary Texas oilman T. Boone Pickens recently detailed his plan to wean America off foreign oil by blanketing the Great Plains with wind turbines. But Pickens also has a lesser-known plan that is centered on another commodity, one every bit as vital to America's future as energy—water. If it all works out, his water plan could remake Pickens as a whole new kind of baron. More>>> |
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