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03/11/2010 - 22:52
Return of the Pension Fund Fudge?




Submitted by Leo Kolivakis, publisher of Pension Pulse.

Tony Tassell of the FT reports on the return of the pension fund fudge:

03/11/2010 - 22:52
My Date With Elliot Spitzer




I couldn’t for the life of me figure out why New York’s former governor and federal prosecutor, Elliot Spitzer, wanted to invite me to dinner. He wasn’t flogging a book or promoting a movie, and he certainly wasn’t running for office again. But I went anyway, thinking perhaps the notorious “Client No.9” might let me peek at his infamous black book. 

03/11/2010 - 22:52
And The Lehman Disclosure Hits Just Keep On Coming; If Fuld Has Not Yet Left The Country, Doing So ASAP May Be A Very Good Idea




Reading through the thousands and thousands of pages of Valukas' report has proven, as we suspected early today, quite entertaining. After having first uncovered the Repo 105 accounting gimmick, and E&Y (and, in a normal society, Tim Geithner) coffin nail, we are convinced that this is just the tip of the iceberg, and sure enough, as we read along, more stunners come to light. We will update this post with new discoveries, but for now, we present the  Fenway Tri-Party Repo Market Clusterfuck ("FTPRMC").

03/11/2010 - 22:11
Steve Dore's new song and video for the biggest Freedom Rally in the SE United States!

http://www.youtube.com/wa...
Info for donations will be here soon... Thank you! Greenville, SC, Freedom Rally, April 17th, Center of TownRead more...

03/11/2010 - 21:30
Unconstitutional Jibber Jabber

Stacy Summary:  Federal judge rules that Congress acted unconstitutionally in de-funding ACORN.

03/11/2010 - 19:27
Unconstitutional Jibber Jabber

Stacy Summary:  Federal judge rules that Congress acted unconstitutionally in de-funding ACORN.

03/11/2010 - 19:27
Montana governor wants Canadian drugs

Gov. Brian Schweitzer said Thursday that he is seeking U.S. government permission to import cheaper drugs from Canada for use in state insurance programs.

03/11/2010 - 19:27
UniCredit Bank Warns Of Plunge In Sterling And Gilts, As Britain Is Next Country "To Be Pummeled By Investors"




03/11/2010 - 19:27
Universal insurance for… everything!

Obama is a mean, old, selfish conservative in liberal clothing. I mean really, where is the outcry for universal pet insurance? How inhumane can this man possibly be to let pets suffer and die because their owners couldn’t afford Rover’s medication, prosthetic leg or even heart transplant?
How about food insurance? There are many people that go hungry. If we had free food insurance we would surely solve that problem immediately. Since the U.S. government thinks of itself as the only super-power tasked with policing the world, I suggest our benevolence be extended across the globe. What kind of people would we be if we provided free food insurance to only our selfish selves, and not the rest of the world? That would just not be right. Everybody has a right to a Big Mac!
Let’s not forget clothing. We can’t expect anyone to go without. That would be inhumane and un-American. I suggest we implement free clothing insurance immediately.

03/11/2010 - 18:45
Internet helped Flight 253 suspect radicalize, attack plane 'within weeks'

The Internet allowed extremists to contact, recruit, train and equip the suspect responsible for the attempted Flight 253 bombing on Christmas Day "within weeks," a top Pentagon official told lawmakers Wednesday.

That relatively brief timeframe only speaks to how quickly extremist groups have "optimized" the Web and developed a "highly evolved" process by which to develop terrorist networks, added Garry Reid, deputy assistant secretary of Defense for Special Operations and Combating Terrorism.

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03/11/2010 - 18:05
Full Court Press on the Slaughter Rule

Rep. David Dreier (R., Calif.), ranking Republican on the House Rules Committee, said the Slaughter Rule is evidence that Democrats cannot pass their bill "while playing by the rules."

“With the Slaughter Solution, House Democrats have exposed themselves as willing to abandon the most fundamental element of legislating – a transparent, up-or-down vote— in order to achieve a unpopular partisan objective. This is highly disturbing and in some ways, dangerous. The American people do not want this health care bill and they certainly don’t want the democratic process turned on its head in an effort to pass it over their objections.”

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03/11/2010 - 18:05
House Democrats looking at 'Slaughter Solution' to pass Obamacare without a vote on Senate bill

Would House Speaker Nancy Pelosi and her fellow House Democratic leaders try to cram the Senate version of Obamacare through the House without actually having a recorded vote on the bill?

Not only is the answer yes, they would, they have figured out a way to do it,

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03/11/2010 - 18:05
CIA Mockingbird Media

Kurt Nimmo reports:
Lewd references to Eric Massa and 24/7 coverage of mindless bread and circuses covered by the corporate media are no mistake. By the early 1950s, the CIA owned the corporate media and used it to promulgate propaganda.
Former Wall Street lawyer Frank Wisner created Operation Mockingbird in 1948 and recruited Philip Graham of the Washington Post to run the project. Mockingbird eventually controlled news reported by the New York Times, Newsweek, the New York Herald Tribune, Time Magazine, and hundreds of other newspapers and magazines in the United States and around the world.
By the 1950s, according to Alex Constantine (Mockingbird: The Subversion Of The Free Press By The CIA), “some 3,000 salaried and contract CIA employees were eventually engaged in propaganda efforts.” Wisner was also able to restrict newspapers from reporting about certain events. For example, the CIA plots to overthrow the governments of Iran and Guatemala.

03/11/2010 - 18:04
Shorting U.S. Treasuries, a Historic Sucker Bet




 

MKC Global Investments, LLC

 


 

If forced
into a career other than one in finance, researching investor psychology and
groupthink would be of great interest. The thought process for an individual
during an investment is complex. The number of emotions combined with the
financial stakes creates a decision-making process worth studying.

03/11/2010 - 18:04
Ron Paul on Bloomberg 3/11/10: Giving Fed More Power `Makes No Sense'

http://www.youtube.com/wa...

03/11/2010 - 17:24
Is the New Madrid Fault Waking Up There Was A Quake There Tuesday and look at all these other ones

The US Geological Survey reports a 3.2 magnitude earthquake happened near Cairo, IL shortly before 1:40 pm Tuesday. Then a 3.7 magnitude quake rocked the area around Sikeston and New Madrid, MO around that same time.

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03/11/2010 - 17:24
Cocaine users 'making global warming worse'

Cocaine users were last night accused of helping to make global warming worse.

MPs on the home affairs select committee said the drug was devastating Colombian rainforests because trees are knocked down to grow coca plants.

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03/11/2010 - 17:24
Bruce Ivins' attorney calls for case to be re-opened

An attorney for the alleged anthrax killer Bruce Ivins has said that he does not believe that the case against Ivins should not be closed.

"There's not one shred of evidence to show he did it," Paul F. Kemp, Ivins' attorney, told AOLNews.com.

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03/11/2010 - 17:24
The dark face of Jewish nationalism

Alan Sabrosky considers the characteristics that differentiate Jewish nationalism from other nationalisms, highlighting in particular its intrinsic extremism, its xenophobia, racism and militarism, its undermining of civic loyalty among its adherents in other countries and its propensity to hatred and racial exclusivity.

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03/11/2010 - 17:24
Canada 'regrets' Israeli settlements

Canada has voiced muted criticism over the planned expansion of 1,600 new Israeli settlements in disputed East Jerusalem.

03/11/2010 - 17:24
Discover Financial sees Q1 loss of 22c-23c

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.




03/11/2010 - 16:41
NORML Foundation To Relaunch NYC Times Square Ad Campaign — ‘Money Can Grow On Trees,’ Marijuana Legalization Group Announces

“Money can grow on trees.”  That is the message of the National Organization for the Reform of Marijuana Laws Foundation (NORML) in a 15-second digital ad scheduled to debut in New York City’s Times Square next week.  The advertisement, produced and paid for by NORML’s educational arm, The NORML Foundation, will air on the CBS Super Screen through May 31, 2010.
“Regulating the adult use of marijuana in a manner similar to alcohol could raise over $30 billion annually in new tax revenue, while saving an additional $15 billion per year in law enforcement costs,” NORML Foundation Executive Director Allen St. Pierre said.  “This tax season, why not ask your elected politicians why the federal government continues to spends billions of tax dollars enforcing this failed and archaic public policy.”

03/11/2010 - 16:41
Social Security Is Going Cash Flow Negative Six Years Earlier Than Expected

The Trustees of Social Security Fund, in their annual report, have implied that the trust fund will turn cash flow negative around the year 2017. This doesn't mean they will be bankrupt and out of assets in 2017, just that they will start to pay out more in benefits than money they take in.

Well, scratch that 2017 date. The fund is now cash flow negative.

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03/11/2010 - 16:41
Nearly half of Americans believe climate change threat is exaggerated

by Suzanne Goldenburg, Guardian

Nearly half of Americans – 48% – now believe the threat of global warming has been exaggerated, the highest level since polling began 13 years ago, the poll published today by Gallup said.

It directly linked the decline in concern to the controversies about media coverage of stolen emails from the University of East Anglia climate research unit and a mistake about the Himalayan glaciers melting by 2035 in the UN’s authoritative report on global warming.

03/11/2010 - 16:41

Thomas Jefferson Quote of the Day

"I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country."

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