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Monday, June 30
Along with $4 gas, many luxuries are going down the tank
by
Roland, the Gunslinger
on Mon 30 Jun 2008 11:34 PM EDT
As new cars hit the market, the market is pondering -- at what cost? According to Kelley Blue Book's marketing research of in-market new- and used-car shoppers for June 2008, vehicle sticker costs coupled with rising gasoline prices are causing consumers to delay new-car buying and penny-pinch in other areas, such as dinners out, coffee runs and trips to the ballgame or the mall. Survey respondents also stated that they didn't t see the situation getting any better -- ever More>>> Sunday, June 29
Losses sink in for Midwest as flooding ebbs
by
Roland, the Gunslinger
on Sun 29 Jun 2008 03:22 PM EDT
Farmhouses appear to float on lakes, and farmers use boats to get to their barns. Businesses are shuttered as flooded roadways cut off customers. Rail lines, factories, river locks are shut down. Homeowners, who watched and waited and prayed, have seen dreams drowned...But the misery index from the Great Flood of 2008 has only started to sink in. More>>> Saturday, June 28
Gallup: Americans Overwhelmingly Support Conservative Economic Policies; MSM ignores
by
Roland, the Gunslinger
on Sat 28 Jun 2008 06:42 PM EDT
As the GOP in Congress appears about to be taking an "every man for himself" strategy for the fall elections, Gallup has just given the Republicans another gift (Americans Oppose Income Redistribution to Fix Economy). (Snip) The numbers in this poll are staggering. Overall, Americans are against the core principle behind Barack Obama's domestic economic policy -- income redistribution -- by an astounding 84% to 13%. Republicans oppose it 90%-9%, Independents oppose it 85% to 13%, and even Democrats oppose it 77% to 19%. More>>> Americans Oppose Income Redistribution to Fix Economy More>>>
North America's 1st carbon tax rolls out under fire
by
Roland, the Gunslinger
on Sat 28 Jun 2008 06:07 PM EDT
Nelson, mayor of Williams Lake, British Columbia, says record high energy prices mean that the levy, for all its good intentions, could not come at a worst time for residents in his community, a lumber and ranching town about 525 km (340 miles) north of Vancouver. More>>> Friday, June 27
Buffett Will Be Main Draw at Fundraisers for Obama Next Week
by
Roland, the Gunslinger
on Fri 27 Jun 2008 10:23 PM EDT
Billionaire investor Warren Buffett will be a main draw at two $28,500 per-person fundraisers for Barack Obama in Chicago next week, according to the Obama campaign. Buffett will be part of an economic panel discussion on July 2 at Ariel Capital Management LLC, a Chicago-based money manager with more than $11 billion in assets, according to Ariel spokeswoman Eugenia Phillips. More>>>
More Taxes under BHO? You Bet!
by
Riley Jones
on Fri 27 Jun 2008 10:50 AM EDT
Mr. Obama angered liberals last year when he admitted that there was a "Social Security crisis." But at least Mr. Obama's base should be appeased now that his solution to the "crisis" is to soak the rich. One liberal columnist actually noted with glee the fact that this would take us back to top tax rates not seen since the 1970s. Looks like Barry can't wait to emulate Jimmy Carter. More>>> Thursday, June 26
Justices strike down 'millionaire's amendment'
by
Roland, the Gunslinger
on Thu 26 Jun 2008 07:59 PM EDT
The Supreme Court on Thursday struck down the "millionaire's amendment," a campaign finance law intended to level the field for House candidates facing wealthy opponents who spend lots of their own money. The law says that when candidates spend more than $350,000 from their own pockets, opponents may qualify to accept larger individual contributions than normally allowed and can receive unlimited coordinated party expenditures. The justices, in a 5-4 ruling that reflects skepticism of campaign finance overhauls, said the law violates the First Amendment. More>>> Wednesday, June 25
It's Time McCain Picks Up The Glove
by
Roland, the Gunslinger
on Wed 25 Jun 2008 09:35 PM EDT
Senator Obama's statement at a Jacksonville, Florida fundraiser last Friday is being heralded as a brilliant political move by many in the MSM. It was, in fact, a shameless and unjustified insult to all Republicans, and all Americans. The man who claims to be a different kind of politician deployed a dirty trick worthy of his upbringing in Chicago's Daley-machine. It was a sad moment in American politics... More>>>
Rahn: Greedy speculators?
by
Roland, the Gunslinger
on Wed 25 Jun 2008 09:26 PM EDT
Are you aware that without speculators, most food and physical products would cost a whole lot more? Many members of Congress have been looking for the villain who is causing gasoline prices to soar (they seem to be mirror-less). A large number, mostly, but not exclusively, Democrats, have decided that speculators, or at least "greedy speculators," are the villains. More>>>
The Great 2008 Mortgage Bail-Out: Winners, losers and 'friends'
by
Roland, the Gunslinger
on Wed 25 Jun 2008 08:59 PM EDT
Winners: Countrywide and it's shareholders and irresponsible borrowers. Losers: Responsible borrowers, ethically-challenged Senators Dodd and Conrad, and, as usual, the taxpayers... More>>> Saturday, June 21
CEO: Lockheed backs EADS tanker deal
by
Roland, the Gunslinger
on Sat 21 Jun 2008 04:58 PM EDT
Stevens believes the German defense industry needs to receive more business in order to fund investments in things even as mundane as computers or software since their technological equipment is at least one generation behind the global standards. "Many of the companies that we work with in Germany are in danger," the Lockheed CEO explained. More>>> Friday, June 20
RINO Schwarzenegger says drilling ban not to blame for high gas prices
by
Roland, the Gunslinger
on Fri 20 Jun 2008 06:54 AM EDT
Schwarzenegger said Wednesday he opposes lifting a ban on new oil drilling in coastal waters, breaking with President Bush and Republican presidential candidate John McCain. He called California's coastline "an international treasure" that must be protected by a federal oil-drilling moratorium that has been in place for 27 years. More>>> California leaders say 'no way' to coastal oil drilling More>>>
Children of the Corn
by
Roland, the Gunslinger
on Fri 20 Jun 2008 06:08 AM EDT
When Iowa flooded, your future dinner got soaked. Console yourself with a snack of schadenfreude. Experts say the soggy state could produce less than two-thirds the usual corn harvest. Wet weather kept some 4 million cornfield acres, out of 86 million total, unplanted. Now, floods have killed many already-sprouted stalks. More>>> Thursday, June 19
Will $4 Gasoline Trump a 27-Year-Old Ban?
by
Roland, the Gunslinger
on Thu 19 Jun 2008 08:01 PM EDT
One was an oilman from Texas, the other a high-paid energy executive. Despite that, or perhaps because of it, for seven years George W. Bush and Dick Cheney have been unable to persuade Congress and the public that domestic oil drilling is an answer to America’s energy needs. With the clock running down on his presidency, Mr. Bush made one last push More>>>
Hairdresser fined $7800 for refusing to hire Muslim woman that wouldn't show her hair
by
Roland, the Gunslinger
on Thu 19 Jun 2008 04:31 AM EDT
Not only was it brief - lasting little more than ten minutes - but it was rapidly obvious to Sarah that Bushra was not the person for the junior stylist position she was trying to fill at her hairdressing salon. Sarah's reasoning? Quite simply that Bushra, a Muslim who wears a headscarf for (religious) reasons, had made it clear she would not be removing the garment even while at work. More>>>
Another Socialist Democrat Calling For Nationalizing a Portion of the Oil Industry
by
Roland, the Gunslinger
on Thu 19 Jun 2008 12:17 AM EDT
First it was Maxine Waters threatening to "take over" the oil industry...now another Democrat, Maurice Hinchey, NY, steps forward declaring his desire to see the government take over the nation's refineries. Hugo Chavez must be proud...
Wednesday, June 18
Boeing wins key round in Air Force tanker protest
by
Roland, the Gunslinger
on Wed 18 Jun 2008 02:17 PM EDT
GAO grants Boeing protest of $35B Air Force tanker contract award to Northrop, Airbus parent More>>>
Flashback: While Dodd and other senators answer questions concerning Countrywide and sweetheart loan deals, when does anyone plan to grill Obama on Rezko?
by
Riley Jones
on Wed 18 Jun 2008 01:49 PM EDT
Tony Rezko was obviously in trouble. He was a defendant in at least a dozen lawsuits, federal investigators in Chicago were poking around, and his name was in newspaper articles about corruption and fraud. None of that stopped Mr. Rezko, a politically connected developer, and Senator Barack Obama from completing real estate deals a few years ago that resulted in the Obamas obtaining their dream house and the Rezkos buying an empty lot next door. More>>>
Bush Will Seek to End Offshore Oil Drilling Ban
by
Roland, the Gunslinger
on Wed 18 Jun 2008 01:47 PM EDT
President Bush, reversing a longstanding position, will call on Congress on Wednesday to end a federal ban on offshore oil drilling, according to White House officials who say Mr. Bush now wants to work with states to determine where drilling should occur. More>>> Tuesday, June 17
Gore’s personal electricity consumption up 10%, despite “energy-efficient” home renovations
by
Roland, the Gunslinger
on Tue 17 Jun 2008 09:47 PM EDT
Rep. Jeb Hensarling (R-Texas), calls for hearings to look into Countrywide, Dodd, and Conrad sweetheart deals
by
Roland, the Gunslinger
on Tue 17 Jun 2008 09:25 PM EDT
Dodd (D-Conn.), along with Sen. Kent Conrad (D-N.D.), spent much of Tuesday afternoon answering questions from a swarm of reporters pressing them on why they received lower rates on their mortgages and whether they think they received special treatment because they are Senate committee chairmen. More>>> Monday, June 16
Two sliding sectors do not a recession make- Anatole Kaletsky
by
Riley Jones
on Mon 16 Jun 2008 11:12 AM EDT
Why does anyone still think that the US economy is in recession? A week ago, this belief acquired a host of new adherents when Jean-Claude Trichet, the European Central Bank President, more or less promised to raise eurozone interest rates on July 3, while US statisticians reported a jump in the unemployment rate from 5 to 5.5 per cent. Financial markets duly bid up the euro and dumped the dollar. This currency move triggered the biggest one-day leap in oil prices on record. This price surge, in turn, confirmed that recent movements in the oil price, which have had a 97percent daily correlation with the dollar-euro exchange rate, have been driven almost entirely by financial players and have had very little to do with energy supply and demand. More>>> Saturday, June 14
Fire Sale of America Continues: Treasured New York skyscrapers may be sold to foreign funds
by
Roland, the Gunslinger
on Sat 14 Jun 2008 11:47 PM EDT
The iconic Chrysler and Flatiron skycrapers may soon join New York's GM Building as landmarks sold in part to Arab or European investors as the weak dollar spurs property grabs in the Big Apple, reports said Friday. The 50-story General Motors Building, constructed in 1968 and which includes the Apple Store on Fifth Avenue, has already been sold -- for a record-breaking 2.8 billion dollars -- to US real estate firm Boston Properties, backed by investors from Dubai, Kuwait and Qatar More>>>
Senators Dodd and Conrad Tied to Special Countrywide Mortgage Deals
by
Roland, the Gunslinger
on Sat 14 Jun 2008 11:34 PM EDT
Senate Banking Committee Chairman Christopher Dodd, a leader of Congress' efforts to help homeowners ensnared in the subprime mortgage meltdown, reportedly got special treatment on his own mortgages from the CEO of Countrywide Financial Corp., a company whose practices he has called "abusive."...Lawmakers' participation in the VIP program is coming to light just days after similar revelations about former Fannie Mae CEO Jim Johnson prompted Barack Obama, the presumptive Democratic nominee, to ax Johnson from his vice presidential vetting team. Conrad, the Budget Committee chairman, said it was Johnson who referred him to Mozilo in 2002 when the North Dakotan was seeking a loan to buy a vacation home in Bethany Beach, Del. More>>> Friday, June 13
Putting Up The 'For Shale' Sign
by
Roland, the Gunslinger
on Fri 13 Jun 2008 08:59 PM EDT
Exxon Mobil is selling its gas stations because there's no money in it. Meanwhile, two GOP congressmen do what John McCain should do — change their position on drilling in ANWR. Despite the pain at the pump for consumers, the retail side of the gasoline business isn't that profitable, if at all. Gas station owners have known this all along. (Somebody wanna clue Maxine in, please? - Roland) More>>> Thursday, June 12
Crackdown urged on speculation in commodities markets
by
Roland, the Gunslinger
on Thu 12 Jun 2008 10:44 PM EDT
This escalating rhetoric against speculators is starting to worry people with years of knowledge about how commodity markets work. Because without speculators, they note, these markets simply do not work at all. Speculators, people willing to risk their capital in search of high profits, are so central to healthy commodity markets, they say, that the broad-brush restrictions now being considered could inadvertently damage a market that is already under pressure from rising global demand for food and fuel. More>>>
Things Change: Advice for McCain
by
Roland, the Gunslinger
on Thu 12 Jun 2008 09:50 PM EDT
It's going to be difficult, if not impossible, for Republicans to get traction on the energy issue without help at the top of the ticket. Here, the problem is that John McCain long ago signed on to the anthropogenic global warming fallacy. As a result, his energy policies can scarcely be distinguished from those of the Democrats. This was in evidence this morning, when McCain appeared on NBC's Today Show. McCain did fine as long as the topic was foreign policy, but when the conversation turned to the economy, he was pathetic... More>>>
What's in your spouse's wallet?
by
Riley Jones
on Thu 12 Jun 2008 09:31 AM EDT
If Silda Spitzer had only made it her business to look at her husband's bank statements, the story might have ended so differently. Maybe seeing the mysterious multi-thousand-dollar wire transfers would have tipped her off that something was awry, and she could have dealt with the situation privately. Then, perhaps, her husband Eliot might still be governor of New York. More>>>
Countering Democrats on Drilling
by
Roland, the Gunslinger
on Thu 12 Jun 2008 03:55 AM EDT
The Democrats have a standardized talking point against any domestic drilling (in ANWR, the Midwest oil shales and off-shore), settling on the comeback: ''It won't help us today.'' Energy-savvy Republicans too often respond ''If Clinton hadn't vetoed ANWR, that oil field would have been producing three years ago.''....If the voters see environmentalists, tree-huggers, and their Democratic political minions as causing $4 or $5 dollar a gallon gasoline, along with the rise in consumer prices across the board because of the increase of the cost of oil used as an ingredient in many products, they will blame the Democrats. More>>> Wednesday, June 11
Obama Defense of Johnson Raises Questions
by
Riley Jones
on Wed 11 Jun 2008 06:06 PM EDT
Obama is on the defensive over his selection of James A. Johnson, the former CEO of Fannie Mae, to help lead the vice presidential search process, a role he played for John F. Kerry four years ago. Johnson is drawing fire over his jumbo home loans from Countrywide Financial, a major actor in the subprime mortgage mess, that may have been below market rates. The loans were first reported by the Wall Street Journal. Johnson also has drawn criticism in the past for his role in generous compensation packages to executives of companies on whose boards he served. More>>> Update: Jim Johnson thrown under the bus>>>
The Gouge Party
by
Roland, the Gunslinger
on Wed 11 Jun 2008 04:58 PM EDT
America was saved Tuesday from a Democratic Congress determined to do more damage to our economy and raise oil prices still higher. Energy taxes and eco-extremism make Democrats the real oil gougers More>>> Tuesday, June 10
Freedom Alert: Housing Bill Creates National Fingerprint Registry
by
Roland, the Gunslinger
on Tue 10 Jun 2008 11:59 PM EDT
One of the standards, John Berlau of the Competitive Enterprise Institute says, may “require thousands of individuals working even tangentially in the mortgage and real estate industries — and not suspected of anything — to send their prints to the feds.” This is a step in the wrong direction — at least for a nation that preserves freedom More>>>
Stupidity and the State
by
Roland, the Gunslinger
on Tue 10 Jun 2008 01:21 PM EDT
What kind of government forces people to make gasoline out of food, artificially boosts the price of corn to $6 a bushel, guarantees that inflated price as the "base" for higher federal subsidies to corn farmers in the future, and then tries to hide its own depredations by excluding high food prices from its measure of "core" inflation? More>>>
How Seven Self-Made Titans Financed Their Success
by
Riley Jones
on Tue 10 Jun 2008 08:05 AM EDT
Capital is a constraint for many would-be entrepreneurs--or is it? These moguls came from humble origins. But with sweat, savings and good fortune, they launched incredible empires. Here's how they made it happen early on. More>>> Monday, June 9
Planned Parenthood reports income for 2006-2007 fiscal year of over ONE BILLION dollars...$335 million dollars of which in the form of subsidies paid by guess who?
by
Roland, the Gunslinger
on Mon 09 Jun 2008 01:07 AM EDT
The heavy government funding for Planned Parenthood-- up $31.4 millon over the previous year's figure-- came despite the heavily negative political impact of stories linking Planned Parenthood offices to failure to report statutory rape and to racist fundraising appeals. More>>> |
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