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545 PEOPLE vs. 300 million By Charlie Reese
Politicians
are the only people in the world who create problems and then campaign against
them. Those 545 human beings spend much of their energy convincing you that what
they did is not their fault. They cooperate in this common con regardless of
party.
The
Absurd Report » 545 PEOPLE vs. 300 million By Charlie Reese
"Pension Time
Fund Bomb is Ticking"
Even as our
"Great Recession" gets worse, another, potentially explosive financial time-bomb
is set to go off. The continuing recession is putting funding for hundreds of
pension plans at risk, jeopardizing both retirees and millions of taxpayers like
you, who probably will get stuck with the bills. Looks like another impeding
taxpayer bailout and don't forget the commercial real-estate bubble that's yet
to come!
Deficit Soars At Agency That Insures Pension Plans - New York Times
GM CEO Says
Bankruptcy 'Probable'
GM, which
has already received $13.4 billion in government loans, is working on a two
track plan: outside bankruptcy and inside. So what about our tax dollars
provided in the bailout?
GM CEO Says Bankruptcy 'Probable' - washingtonpost.com
‘Them v. Us’
Homeland Security ‘Assessment’
A volatile
“assessment” of so-called “Rightwing Extremism” by the Obama administration’s
Department of Homeland Security (DHS) is an insult to political conservatives,
military veterans and American gun owners, and demands an immediate apology, the
Citizens Committee for the Right to Keep and Bear Arms said today.
CCRKBA Condemns ‘Them v. Us’ Homeland Security ‘Assessment’
Foreclosures
Jump 24 Percent in Q1
The
recession is taking its toll on homeowners as the number of foreclosures grows
24 percent in the first three months of this year.
Money - AOL Money & Finance
Unemployment
soars to record 6.02 million
Although
initial jobless claims fall, continuing unemployment claims hit a record 6.02
million, according to the Labor Department. The continuing unemployment numbers
indicate a severe recession and high levels of stress in the labor market.
Unemployment soars to record 6.02 million
Major Mall
Operator Files Chapter 11
Unable to
refinance the ballooning debt it acquired during the real estate boom, General
Growth Properties Inc., the nation's second-largest mall operator, files for
Chapter 11 bankruptcy protection.
As General Growth goes into Chapter 11, banks sweat
Analyst warns
eligibility could become flashpoint
A security
analyst who provides intelligence information to a wide range of law
enforcement, private corporation and security interests has written in a
publicly released "white paper"
that the issue of
Barack Obama's eligibility to be president could become a "flashpoint" in the
United States.
Analyst warns eligibility could become flashpoint
Pelosi Calls
For Gun Registration, Opposes D.C. Gun Reform Legislation
Pelosi also
used the word "draconian" to describe legislation before Congress to reform
D.C.'s gun laws. Apparently referring to the provision of that legislation that
would permit residents of D.C. to buy handguns in Maryland and Virginia, Pelosi
added, "we don't want them crossing state lines."
NRA-ILA ::
Pelosi Calls For Gun Registration,<br>Opposes D.C. Gun Reform Legislation
Conservative
vs. Republican
Washington
pollster Kellyanne Conway found in recent surveys that far more people
identified themselves as conservatives than as Republicans.
Down and out
GOP struggles for focus | Freep.com | Detroit Free Press
Treasury
launches $5-billion program for auto suppliers
While the U.S. Treasury on
Wednesday launched its $5-billion program for the auto parts industry, which
starts relieving suppliers next week, the industry's leading supplier
association continues to look for more ways to help struggling auto parts
makers.
Treasury
launches $5-billion program for suppliers | Freep.com | Detroit Free Press
Are
shovel-ready projects ready for corruption?
With so much
money being injected into the economy, the opportunities for waste, fraud and
abuse are vast. Whistleblowers are going to be essential to rooting out
corruption — these honest and courageous individuals will be on the front line —
the eyes and ears of American taxpayers.
Are
shovel-ready projects ready for corruption? | Worthington Daily Globe |
Worthington, Minnesota
Cutting
Defense
Heritage
defense policy expert James Carafano believes that Congress is shirking its
Constitutional duty to "provide for the common defense" by arbitrarily cutting
and restricting defense programs that are designed to assure the long-term
security of the nation.
MyHeritage.org: Email - MyHeritage.org: Cutting defense
A Government
Takeover Plan
The misnamed
Employee Free Choice Act does more than effectively eliminate workers' rights to
a secret ballot vote on joining a union. It gives government officials the power
to impose contracts on workers and firms.
A government takeover plan -- baltimoresun.com
Card Check
Will Cost 600,000 Jobs
It's hard to
believe, but some politicians are still introducing bills that would devastate
our economy and kill even more jobs.
American Solutions - Blog Read
Report: UN
Squandering U.S. Funds on Bad Projects
And here’s
news that will certainly strengthen their doubts: two U.N. agencies spent
millions of dollars provided by the U.S. on bungled building projects in
Afghanistan.
Newsmax.com - Report: UN Squandering U.S. Funds on Bad Projects
Swiss Bank UBS
to Cut 8,700 Jobs
UBS has been
one of the biggest banks hit by exposure to the sub-prime loans crisis in the US
and ensuing turmoil.
BBC NEWS | Business |
Swiss bank UBS to cut 8,700 jobs
Disclosing
Bank “Stress Test” Numbers: Good Way To Cause Panic
Once Wall
St. perceives some of the firms as being significantly troubled, the sell-offs
in their stocks will be rapid and damaging. Low share prices will mean more
dilution when capital has to be raised. The US banking system will be broken
into two pieces.
Disclosing Bank “Stress Test” Numbers: Good Way To Cause Panic - 24/7 Wall
Street
Yahoo! plans
layoffs, a sign of ad weakness
Word has
leaked out the the portal company will fire several hundred more people on top
of the 2,000 or more that it pushed out last year. The news is a clear
indication that Yahoo!'s revenue in the first quarter was bad and that it
expects upcoming quarters to be tough.
Yahoo! plans layoffs, a sign of ad weakness
Fannie and
Freddie likely to merge, but as public or private entity?
Regulators
seized
Fannie
and
Freddie
in September amid a rise in mortgage delinquencies that led to a combined net
loss of $108.8 billion last year at the companies, the largest sources of
financing for new U.S. home loans. The Treasury Department has injected $59.8
billion in emergency funds into the companies, including $46 billion issued two
weeks ago.
Fannie, Freddie Face Pressure to Revamp as U.S. Aid Increases - Bloomberg.com# |
