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Wednesday, August 20
Michelle Malkin: The Democrat Party platform’s hidden Soros Slush Fund
by
Riley Jones
on Wed 20 Aug 2008 12:47 PM EDT
My syndicated column today delves into the Democrat Party platform and exposes how untold amounts of taxpayer funding would be steered to militant, George Soros-backed left-wing groups. Welcome to Barack Obama’s “Social Investment Fund Network.” Follow the money. That goes for both presidential candidates who carry the Soros taint. Ugh. More>>> Thursday, August 14
Obama's Foreign Donors: The media averts its eyes
by
Roland, the Gunslinger
on Thu 14 Aug 2008 01:35 AM EDT
I have been researching, documenting and studying thousands upon thousands of Obama's campaign donations for the past month. Egregious abuse was immediately evident and I published the results of my ongoing investigation. Each subsequent post built a more damning case against Obama's illegal contribution activity. The media took little notice...''Palestinian'' brothers from the Rafah refugee camp in Gaza who donated $33,000 to Obama's campaign More>>> Friday, August 8
Opinion: The great oil bubble has burst
by
Roland, the Gunslinger
on Fri 08 Aug 2008 03:38 PM EDT
If the trend continues into September at anything like the same rate of descent, most of the inflationary spike of the past 12 months will miraculously have been sliced away. This is a dramatic reversal, and it is worth trying to work out why it is happening and what it means. Just possibly, it means that what investors refer to in shorthand as the great "oil up" story has finally revealed itself not as the fundamental reflection of scarce supply that its adherents liked to claim, but as a simple, speculative bubble that was always going to burst More>>> Thursday, August 7
DNA testing: One in five fathers wrongly identified by mothers in Child Support Agency claims
by
Riley Jones
on Thu 07 Aug 2008 11:09 PM EDT
Nearly one in five paternity claims handled by the Child Support Agency end up showing the mother has deliberately or inadvertently misidentified the father, figures show. Since DNA paternity testing figures began to be collected in 1998-99, 4,854 paternity claims have turned out to be false after DNA testing. More>>>
Mastercard introduces the first Islamic debit card, completely compliant with Shari'ah law. Frequent flyer miles not included
by
Riley Jones
on Thu 07 Aug 2008 10:40 PM EDT
MasterCard Worldwide and EonCap Islamic Bank (a member of Malaysia's Eon Bank Group) have jointly launched what they are billing as the world's first Islamic debit MasterCard—the EonCap Islamic Debit MasterCard. More>>> Sunday, August 3
Exxon Posts Record $32.36 Billion Tax Payment
by
Roland, the Gunslinger
on Sun 03 Aug 2008 06:16 PM EDT
According to CNN, Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter. That profit works out to $1,485.55 a second. Buried in the story we also find that "In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called 'other taxes.'" MP: In other words, Exxon Mobil paid $32.361 billion in taxes in the second quarter, which works out to $4,114 in taxes per second. Another way to look at it - Exxon paid almost $3 in taxes ($32.361 billion) for every $1 in profits ($11.68 billion), see chart above. More>>> Sunday, July 27
25 Visionaries Who Created Empires From Virtually Nothing
by
Riley Jones
on Sun 27 Jul 2008 12:53 AM EDT
It’s tough to think of a man who carried the torch of business further than Henry Ford. Ford became famous for pioneering the assembly line and in the process, becoming the first man to successfully mass produce automobiles. Amazingly, Ford jump started the Ford Motor company with virtually none of his own money. More>>> Tuesday, July 22
Medical Center lobbying pays off...big time
by
Roland, the Gunslinger
on Tue 22 Jul 2008 02:52 PM EDT
The Texas Medical Center spent nearly $1.6 million last year on lobbyists who helped to deliver an estimated $3 billion in federal funds — a return of about $1,900 for each dollar spent on influencing members of Congress and the Bush administration More>>> Monday, July 21
Energy a Democratic minus?
by
Roland, the Gunslinger
on Mon 21 Jul 2008 02:26 PM EDT
Gasoline prices are flattening consumer wallets and hobbling our economy, while the Democrats sit back and play politics with the issue. Voter surveys show the economy and gas prices top the list of the most critical issues facing our country. A Washington Post/ABC News poll reported last week that 85 percent of voters polled said gas prices will be either extremely or very important to their vote in this year's elections. And with good reason: More>>> Sunday, July 20
Taking a page from Hugo Chavez' playbook, Zimbabwe's Mugabe threatens to seize foreign firms
by
Roland, the Gunslinger
on Sun 20 Jul 2008 02:38 PM EDT
Zimbabwe will transfer ownership of all foreign-owned firms that support Western sanctions against President Robert Mugabe's government to locals and investors from ''friendly'' countries, a state newspaper reported on Sunday...Mugabe's government blames the crisis on sabotage by enemies angry over his seizures of white-owned farms for blacks More>>> Saturday, July 19
President Jimmy Carter, 1979 - "The Crisis of Confidence" Speech
by
Riley Jones
on Sat 19 Jul 2008 12:54 PM EDT
President Carter speaks to Americans about the "crisis of confidence" in American government, values, and way of life, as the public expresses doubt in a better future for their own children. Carter challenges citizens to unite and address the problems in America by first addressing the energy shortage. One of the few things Carter did right and we dropped the ball because oil was cheap. Time to deal with this folks; we're Americans. We're smart and resouceful enough to find a way not to funnel $700 Billion yearly to people who hate us to buy their oil.- Riley
Homeowners may be forced to turn houses green before sale
by
Roland, the Gunslinger
on Sat 19 Jul 2008 12:48 PM EDT
HOME owners could be forced to turn their houses green before they can sell them under a proposal before the State Government. Planning Minister Justin Madden yesterday refused to comment on the proposal. More>>> Thursday, July 17
Oil Falls More Than $5 as Natural Gas Tumbles, Economy Slows
by
Roland, the Gunslinger
on Thu 17 Jul 2008 09:41 PM EDT
Crude oil fell more than $5, dropping below $130 a barrel for the first time in six weeks, as natural gas futures tumbled and on signs slower global economic growth is curbing fuel use. Natural gas dropped more than 7 percent after a government report showed that U.S. supplies rose a greater-than-forecast 104 billion cubic feet last week...''The rout in natural gas is pulling oil lower'' More>>> Wednesday, July 16
Funny business at Fannie Mae: how'd those Clintonites get so rich?
by
Roland, the Gunslinger
on Wed 16 Jul 2008 05:22 PM EDT
 
ON May 23, as a jury in Houston deliberated the case against top Enron executives Kenneth Lay and Jeffrey Skilling, a little-known regulatory agency in Washington, the Office of Federal Housing Enterprise Oversight (OFHEO), released a study with the dryly bureaucratic title "Report of the Special Examination of Fannie Mae." The document received far less attention than the news from Enron, but its conclusions were stunning. In meticulous detail, it outlined a culture of corruption at the Federal National Mortgage Association--better known as Fannie Mae--that rivals the most serious corporate scandals in recent years. In this case, however, the main players are Washington insiders--some of them prominent veterans of the Clinton administration--and the scandal's effects could ripple through Congress for years. More>>> Tuesday, July 15
Dollar declines to record low against the euro
by
Roland, the Gunslinger
on Tue 15 Jul 2008 08:50 AM EDT
The dollar declined to a record low against the euro on speculation Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson will say credit- market losses are hurting U.S. economic growth. More>>> Monday, July 14
It's official: Congress is now the only thing standing between lower oil prices and the American people
by
Roland, the Gunslinger
on Mon 14 Jul 2008 11:04 PM EDT
President George W. Bush said today he's lifting a presidential ban on drilling for oil and natural gas on the U.S. Outer Continental Shelf, setting up a showdown with Congress over a separate ban it put in place in the 1980s. ``Today I've taken every step within my power to allow offshore exploration of the OCS,'' Bush said in a statement at the White House. ``This means the only thing standing between the American people and these vast oil resources is action by the U.S. Congress.'' Democratic leaders in both houses of Congress rejected the president's call, saying the move to end the moratorium would have no effect on prices and better options are available. More>>>
How Chuck Schumer Caused the Second Largest Bank Failure in US History
by
Roland, the Gunslinger
on Mon 14 Jul 2008 07:32 PM EDT
Indymac has been under attack from the hard left. The Center for Responsible Lending issued an attack on Indymac within a few days of Schumer’s letter. CRL is part of a small army of left of center ‘research’ groups, community organizers, and public interest law firms who make their living accusing home lenders of racial redlining and predatory lending. On June 20th the Center accused Indymac of unfair practices regarding minority borrowers. More>>>
Investor: Fannie plan a "disaster"
by
Roland, the Gunslinger
on Mon 14 Jul 2008 06:25 PM EDT
The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an ``unmitigated disaster'' and the largest U.S. mortgage lenders are ``basically insolvent,'' according to investor Jim Rogers. Taxpayers will be saddled with debt if Congress approves U.S. Treasury Secretary Henry Paulson's request for the authority to buy unlimited stakes in and lend to Fannie Mae and Freddie Mac, Rogers said in a Bloomberg Television interview. Rogers is betting that Fannie Mae shares will keep tumbling. ``I don't know where these guys get the audacity to take our money, taxpayer money, and buy stock in Fannie Mae,'' Rogers, 65, said in an interview from Singapore. ` More>>>
Even as many Americans clamor for even more entitlements, taxpayers are already on the hook for $59 TRILLION
by
Roland, the Gunslinger
on Mon 14 Jul 2008 05:48 PM EDT
Modern accounting requires that corporations, state governments and local governments count expenses immediately when a transaction occurs, even if the payment will be made later. The federal government does not follow the rule, so promises for Social Security and Medicare don't show up when the government reports its financial condition. Bottom line: Taxpayers are now on the hook for a record $59.1 trillion in liabilities, a 2.3% increase from 2006. That amount is equal to $516,348 for every U.S. household. By comparison, U.S. households owe an average of $112,043 for mortgages, car loans, credit cards and all other debt combined. More>>> Saturday, July 12
Feds cite Schumer in collapse of IndyMac
by
Roland, the Gunslinger
on Sat 12 Jul 2008 07:47 AM EDT
An important angle in the IndyMac failure that may get lost in ominous headlines tonight and tomorrow: federal regulators pointedly cited U.S. Sen. Charles Schumer, D-N.Y., in explaining the bank's failure. In simple language, federal regulators blamed Schumer for a run on the bank. Here's from the press release issued by IndyMac's regulator, the Office of Thrift Supervision: More>>> Friday, July 11
Fannie, Freddie, FUBAR: The Mother of All Bailouts
by
Riley Jones
on Fri 11 Jul 2008 11:35 AM EDT
Oh, triple-crikey. God save us from bipartisanship again. Washington is in a tizzy over the Fannie Mae/Freddie Mac financial crisis. The stocks plunged yesterday and a former Fed governor declared them “insolvent.” Keep an eye on the markets this morning for more freefall. Panicked Republicans and Democrats have joined clammy hands to declare their fealty to these behemoth government-sponsored enterprises because they are “too big to fail.” More>>>
Once again, Democrat-led Congress shows little interest in EMP threat
by
Roland, the Gunslinger
on Fri 11 Jul 2008 03:21 AM EDT
Once again, a congressional commission is warning that an electromagnetic pulse attack against the United States could wipe out the nation's electronics-dependent civilization. And again, hardly anyone is listening. Only a handful of the 60 members of the House Armed Services Committee showed up for a hearing on the EMP threat July 10, and most didn't stick around for the whole two-hour session. More>>> Thursday, July 10
Famed Chrysler Building goes Abu Dhabi
by
Roland, the Gunslinger
on Thu 10 Jul 2008 03:09 PM EDT
AS of today, the majority of the iconic Chrysler Building should be in the - we expect - happy hands of the Abu Dhabi Investment Council. The nearly $800 million deal, first reported by The Post on June 11, by the Middle East sovereign wealth fund included the purchase of 90 percent of the ownership stake while leaving local Tishman Speyer Properties as the manager of the 77-story tower. More>>> Wednesday, July 9
Iran test-fires missiles in Persian Gulf
by
Roland, the Gunslinger
on Wed 09 Jul 2008 03:58 PM EDT
Iran test-fired nine long- and medium-range missiles Wednesday during war games that officials said aimed to show the country can retaliate against any U.S. or Israeli attack, state television reported. Oil prices jumped on news of the missile tests, rising US$1.44 to US$137.48 a barrel in electronic trading on the New York Mercantile Exchange. More>>> Tuesday, July 8
The Onion Ringer
by
Roland, the Gunslinger
on Tue 08 Jul 2008 04:32 AM EDT
Congress is back in session and oil prices are still through the roof, so pointless or destructive energy legislation is all but guaranteed. Most likely is stiffer regulation of the futures market, since Democrats and even many Republicans have so much invested in blaming "speculators" for $4 gas. Congress always needs a political villain, but few are more undeserving More>>> Monday, July 7
Obama's cash, spin piling up
by
Roland, the Gunslinger
on Mon 07 Jul 2008 06:45 PM EDT
David Plouffe, manager of Sen. Barack Obama's presidential campaign, keeps sending me e-mails asking me to cough up money because the presumptive Democratic nominee's fundraising is, supposedly, as pure as the driven snow. Somehow, my name got on Obama's list of prospective suckers, and for months I've read this song and dance about how he has freed himself from the tentacles of special interests. This is baloney. More>>>
Oil price shock means China is at risk of blowing up
by
Roland, the Gunslinger
on Mon 07 Jul 2008 06:36 PM EDT
The manufacturing revolution of China and her satellites has been built on cheap transport over the past decade. At a stroke, the trade model looks obsolete. No surprise that Shanghai's bourse is down 56pc since October, one of the world's most spectacular bear markets in half a century. More>>>
More questions: Obama and the Woods Fund of Chicago
by
Roland, the Gunslinger
on Mon 07 Jul 2008 06:26 PM EDT
Barack Obama served on the board of directors of Woods Fund of Chicago from 1993 to 2001. During that time, the tax exempt foundation made some interesting grants, including one to Obama's church, Trinity United Church of Christ, headed by Rev. Jeremiah Wright at the time. Grants were also made to ACORN...The fund also used Northern Trust for financial services, which is the same company that provided Obama his 2005 mortgage More>>> Sunday, July 6
More Mexicans leaving U.S. under duress
by
Roland, the Gunslinger
on Sun 06 Jul 2008 04:45 AM EDT
Two hours were enough for José Luis Sánchez and his family to pack their most valuable belongings in two vans – items accumulated in 10 years of living in the Dallas area. With his wife, children and their suitcases in place, Mr. Sánchez closed the door of his Mesquite apartment for the last time, sat at the wheel of one of the vehicles – his brother drove the other – and hit the road back to his homeland. So ended his decade-long adventure as an illegal Mexican immigrant in the United States. More>>>
Hitchhiker's guide to gas prices: Don't panic!
by
Roland, the Gunslinger
on Sun 06 Jul 2008 03:58 AM EDT
“Gas prices will never go down.” “The price at the pump can only go higher.” “High prices are here to stay.” This seems to be the current wisdom. I hear it everywhere. There’s no need for a specific citation, for you’ve heard it too. But why should we believe it? Gas prices have gone down in the past. Why not again? Two words: Peak Oil. Or make that three: Peak Oil blather. More>>>
Down and out in Las Vegas
by
Roland, the Gunslinger
on Sun 06 Jul 2008 03:55 AM EDT
With Americans cutting back on luxuries, and the price of transport rocketing, the so-called "Vegas vacation" is facing the axe...More worryingly, new figures showed gambling revenue has also dropped – a further 3 per cent this month – starting a price war between worried firms anxious to lure punters back. Hotel rooms, which last year averaged $130 each, now go for less than $100... Las Vegas Sands, which controls the Venetian and Palazzo resorts on the famous neon-lit Strip that runs through a "miracle mile," has dropped below $50 a share, a third of its value last September. MGM is at $28, from over $100 a year ago. Wynn resorts, owned by the ebullient billionaire Steve Wynn – a Texan version of Donald Trump – neared $70, from almost $180 last year. More>>>
America's Top 20 Growing And Disappearing Jobs
by
Riley Jones
on Sun 06 Jul 2008 12:55 AM EDT
Thursday, July 3
Obama, Like Dodd and Conrad, Got Cheap Home Loan
by
Riley Jones
on Thu 03 Jul 2008 03:27 PM EDT
Presidential nominee Barack Obama joins the list of several other high-profile Democratic Party members who received highly favorable home loans. Obama, D-Ill., reportedly purchased a $1.65 million mansion in Chicago through a “super, super jumbo” loan he received from Northern Trust Bank in Illinois, the Washington Post reports. More>>> Wednesday, July 2
Honda grows while US auto industry falters
by
Roland, the Gunslinger
on Wed 02 Jul 2008 07:07 PM EDT
The No. 2 Japanese automaker, with the most fuel-efficient model lineup in the industry, never put both feet into the U.S. truck market, instead focusing on slow-but-steady growth with popular cars like the Civic and Accord...Its car sales were up 20 percent from the same month last year, and the Civic and Accord were among the industry's top sellers. More>>>
Buried somewhere in the article about Bush's announcement to send more troops to Afghanistan: Prez calls on all Americans to pressure Congress to allow more domestic oil exploration
by
Roland, the Gunslinger
on Wed 02 Jul 2008 04:52 PM EDT
Bush also urged Americans to pressure Congress to allow more oil exploration in the United States. "We can help alleviate shortages by drilling for oil and gas in our own country, something I've been advocating ever since I've been the president. I've been reminding our people that we can do so in environmentally friendly ways," he said. "And yet the Congress, the Democratically controlled Congress now has refused to budge. It makes no sense." More>>> |
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