Mish's Global Economic Trend Analysis: School Crisis In Nevada; Governor Seeks To Cancel Collective Bargaining With Schools Because The State Is Broke
"Governor Gibbons is investigating options of canceling collective bargaining agreements with school districts."
Thursday, February 04, 2010
Republicans find loophole in budget ploy to push through healthcare legislation
Republicans find loophole in budget ploy to push through healthcare legislation
"As it turns out, Senate Democrats may not be able to force healthcare legislation through the chamber on a simple majority vote.
Republicans say they have found a loophole in the budget reconciliation process that could allow them to offer an indefinite number of amendments."
"As it turns out, Senate Democrats may not be able to force healthcare legislation through the chamber on a simple majority vote.
Republicans say they have found a loophole in the budget reconciliation process that could allow them to offer an indefinite number of amendments."
Tesla's IPO Prospectus Has Lots of Surprises for Investors
Tesla's IPO Prospectus Has Lots of Surprises for Investors
"So what if Tesla Motors, the luxury electric-car maker, lost $31 million in the first nine months of last year and $236 million since its inception.
So what if it's canceling its $100,000 Roadster -- its single current product -- in 2011 and a replacement won't be available until at least 2013. So what if Tesla won't even begin producing its $50,000 Model S 'family' sedan until 2012, leaving an unknown period of time when this new company won't be selling any cars at all.
And so what if Tesla admits that CEO Elon Musk (pictured, with Model S) 'does not devote his full time and attention' to the company.
Tesla's IPO filing -- the company hopes to raise an additional $100 million -- sure contains some eyebrow-raising disclosures."
"So what if Tesla Motors, the luxury electric-car maker, lost $31 million in the first nine months of last year and $236 million since its inception.
So what if it's canceling its $100,000 Roadster -- its single current product -- in 2011 and a replacement won't be available until at least 2013. So what if Tesla won't even begin producing its $50,000 Model S 'family' sedan until 2012, leaving an unknown period of time when this new company won't be selling any cars at all.
And so what if Tesla admits that CEO Elon Musk (pictured, with Model S) 'does not devote his full time and attention' to the company.
Tesla's IPO filing -- the company hopes to raise an additional $100 million -- sure contains some eyebrow-raising disclosures."
JD Hayworth: Why I Will Challenge John McCain
JD Hayworth: Why I Will Challenge John McCain
"So I will soon formally announce that I will challenge John McCain in the Republican primary for senator"
"So I will soon formally announce that I will challenge John McCain in the Republican primary for senator"
Wednesday, February 03, 2010
U.S. May Lose 824,000 Jobs as Employment Data Revised: Analysis
U.S. May Lose 824,000 Jobs as Employment Data Revised: Analysis
The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time."
The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time."
Border fence plagued by glitches, long delays
Border fence plagued by glitches, long delays
"An ambitious, $6.7 billion government project to secure nearly the entire Mexican border with a 'virtual fence' of cameras, ground sensors and radar is in jeopardy after a string of technical glitches and delays.
Having spent $672 million so far with little to show for it, Washington has ordered a reassessment of the whole idea.
The outlook became gloomier this week when President Barack Obama proposed cutting $189 million from the venture.
Ultimately, the project could be scaled back dramatically, with the government installing virtual fences along a few segments of the nation's 2,000-mile"
OK.
Barry and Bush can't build a fence.
So we taxpayers just give them a few $billion EXTRA and give up on border security?
And the liberal media is OK wit dat?
Gimme break!
"An ambitious, $6.7 billion government project to secure nearly the entire Mexican border with a 'virtual fence' of cameras, ground sensors and radar is in jeopardy after a string of technical glitches and delays.
Having spent $672 million so far with little to show for it, Washington has ordered a reassessment of the whole idea.
The outlook became gloomier this week when President Barack Obama proposed cutting $189 million from the venture.
Ultimately, the project could be scaled back dramatically, with the government installing virtual fences along a few segments of the nation's 2,000-mile"
OK.
Barry and Bush can't build a fence.
So we taxpayers just give them a few $billion EXTRA and give up on border security?
And the liberal media is OK wit dat?
Gimme break!
Tesla's IPO Prospectus Has Lots of Surprises for Investors - DailyFinance
Tesla's IPO Prospectus Has Lots of Surprises for Investors - DailyFinance: "So what if Tesla Motors, the luxury electric-car maker, lost $31 million in the first nine months of last year and $236 million since its inception. So what if it's canceling its $100,000 Roadster -- its single current product -- in 2011 and a replacement won't be available until at least 2013. So what if Tesla won't even begin producing its $50,000 Model S 'family' sedan until 2012, leaving an unknown period of time when this new company won't be selling any cars at all. And so what if Tesla admits that CEO Elon Musk (pictured, with Model S) 'does not devote his full time and attention' to the company."
Is Keith Olbermann's Shtick Getting Stale? - DailyFinance
Is Keith Olbermann's Shtick Getting Stale? - DailyFinance: "Countdown was down 44% year-over-year in January."
Energy Calculator
Energy Calculator: "Your family's increased costs of energy due to cap and trade: $1908 per year"
This is scary.
This is scary.
Scott Brown Should Be Seated Immediately, or the Senate Must Stop Holding Important Votes Until He Is
Scott Brown Should Be Seated Immediately, or the Senate Must Stop Holding Important Votes Until He Is: "Scott Brown was elected to the open Massachusetts Senate seat on January 19th, but has yet to be seated. This, despite the fact that he won by over 109,000 votes. The Democrat Massachusetts Secretary of State has yet to certify the results. And until then, the Democrat Senate Majority Leader Harry Reid has refused to seat the Republican Senator-elect."
Seeking Qualified Mentally Retarded Lawyers?
Seeking Qualified Mentally Retarded Lawyers?
"From a Justice Department job announcement for “up to 10 experienced attorneys for the position of Trial Attorney in the Voting Section in Washington, D.C.”:
The Civil Rights Division encourages qualified applicants with targeted disabilities to apply. Targeted disabilities are deafness, blindness, missing extremities, partial or complete paralysis, convulsive disorder, mental retardation, mental illness, severe distortion of limbs and/or spine. Applicants who meet the qualification requirements and are able to perform the essential functions of the position with or without reasonable accommodation are encouraged to identify targeted disabilities in response to the questions in the Avue application system seeking that information.
I’m pretty sure I know what happened here: Boilerplate that was designed for a wide range of federal jobs — including the ones (probably a relatively small percentage of all federal jobs) for which one can be qualified even though one is mentally retarded — is just being copied here; and the limitation to “qualified applicants” who “are able to perform the essential functions of the position” ensures that no mentally retarded lawyers will indeed be hired.
Still, the result looks pretty striking in a call for applications from experienced attorneys."
"From a Justice Department job announcement for “up to 10 experienced attorneys for the position of Trial Attorney in the Voting Section in Washington, D.C.”:
The Civil Rights Division encourages qualified applicants with targeted disabilities to apply. Targeted disabilities are deafness, blindness, missing extremities, partial or complete paralysis, convulsive disorder, mental retardation, mental illness, severe distortion of limbs and/or spine. Applicants who meet the qualification requirements and are able to perform the essential functions of the position with or without reasonable accommodation are encouraged to identify targeted disabilities in response to the questions in the Avue application system seeking that information.
I’m pretty sure I know what happened here: Boilerplate that was designed for a wide range of federal jobs — including the ones (probably a relatively small percentage of all federal jobs) for which one can be qualified even though one is mentally retarded — is just being copied here; and the limitation to “qualified applicants” who “are able to perform the essential functions of the position” ensures that no mentally retarded lawyers will indeed be hired.
Still, the result looks pretty striking in a call for applications from experienced attorneys."
Premier of Newfoundland To Have Open Heart Surgery in U.S.:
Premier of Newfoundland To Have Open Heart Surgery in U.S.
“It was never an option offered to him to have this procedure done in this province,” said Ms. Dunderdale, refusing to answer whether the procedure could be done elsewhere in Canada."
“It was never an option offered to him to have this procedure done in this province,” said Ms. Dunderdale, refusing to answer whether the procedure could be done elsewhere in Canada."
U-M regents hold closed session for NCAA update
U-M regents hold closed session for NCAA update
"The University of Michigan Board of Regents held a special session this morning to hear an update on the NCAA investigation into possible training violations in the football program as the probe appears to be drawing to a close, sources told the Free Press.
Regents attended the hastily called meeting in a closed conference room"
"Hastily called" usually ain't good.
Bummer dudes!
"The University of Michigan Board of Regents held a special session this morning to hear an update on the NCAA investigation into possible training violations in the football program as the probe appears to be drawing to a close, sources told the Free Press.
Regents attended the hastily called meeting in a closed conference room"
"Hastily called" usually ain't good.
Bummer dudes!
Tuesday, February 02, 2010
Massive Layoffs Coming in NYC, Nevada, California, Colorado, Arizona, Everywhere
Mish's Global Economic Trend Analysis: Massive Layoffs Coming in NYC, Nevada, California, Colorado, Arizona, Everywhere
"More than a third of the streetlights in Colorado Springs will go dark Monday.
The police helicopters are for sale on the Internet.
The city is dumping firefighting jobs, a vice team, burglary investigators, beat cops — dozens of police and fire positions will go unfilled.
The parks department removed trash cans last week, replacing them with signs urging users to pack out their own litter.
Neighbors are encouraged to bring their own lawn mowers to local green spaces, because parks workers will mow them only once every two weeks.
If that."
This IS coming to Michigan AND Muskegon.
And no one seems to care.
Sup wit dat?
"More than a third of the streetlights in Colorado Springs will go dark Monday.
The police helicopters are for sale on the Internet.
The city is dumping firefighting jobs, a vice team, burglary investigators, beat cops — dozens of police and fire positions will go unfilled.
The parks department removed trash cans last week, replacing them with signs urging users to pack out their own litter.
Neighbors are encouraged to bring their own lawn mowers to local green spaces, because parks workers will mow them only once every two weeks.
If that."
This IS coming to Michigan AND Muskegon.
And no one seems to care.
Sup wit dat?
» Inspector General: TARP Has Created a Looming Disaster
» Inspector General: TARP Has Created a Looming Disaster - Big Government
"Stated another way, even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car."
"Stated another way, even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car."
Latest Muskegon County employee criminal investigation: Friend of the Court worker allegedly stole public funds
Latest Muskegon County employee criminal investigation: Friend of the Court worker allegedly stole public funds
"Also on Monday, the sheriff’s office was turning its criminal investigation of fired Deputy County Treasurer Dan Joslyn over to the prosecutor’s office, Roesler said. “It should be reaching their desk by the end of the day,” the sheriff said.
Joslyn was the county’s second-ranking treasury official for the past 12 years.
After being on administrative leave for several weeks, he was fired last month for an undisclosed reason as an investigation into his activities in the office continued.
A third investigation of Muskegon County employees continued internally Monday, with no report of a police investigation being requested."
Lots of crooked "dominoes" falling at the county.
Who is minding the store?
Whose head will take the ax?
"Also on Monday, the sheriff’s office was turning its criminal investigation of fired Deputy County Treasurer Dan Joslyn over to the prosecutor’s office, Roesler said. “It should be reaching their desk by the end of the day,” the sheriff said.
Joslyn was the county’s second-ranking treasury official for the past 12 years.
After being on administrative leave for several weeks, he was fired last month for an undisclosed reason as an investigation into his activities in the office continued.
A third investigation of Muskegon County employees continued internally Monday, with no report of a police investigation being requested."
Lots of crooked "dominoes" falling at the county.
Who is minding the store?
Whose head will take the ax?
Saturday, January 30, 2010
The State of U.S. Kids
Time For Kids Classroom Home The State of U.S. Kids
"National Issues
Kids graded President Barack Obama on his first year in office.
Obama's Grades:
A: 19%
B: 30%
C: 24%
D: 10%
F: 16%"
"National Issues
Kids graded President Barack Obama on his first year in office.
Obama's Grades:
A: 19%
B: 30%
C: 24%
D: 10%
F: 16%"
Friday, January 29, 2010
Pension Pulse: Canada's $58 Billion Debt Time Bomb?
Pension Pulse: $58 Billion Debt Time Bomb?
"The federal government's bookkeeping of its pension promises for public servants is out of whack with the real costs, understating Canada's national debt by $58 billion, says a report by a leading think-tank."
"The federal government's bookkeeping of its pension promises for public servants is out of whack with the real costs, understating Canada's national debt by $58 billion, says a report by a leading think-tank."
Influx of bears a nuisance across Nunavut
Influx of bears a nuisance across Nunavut
"Ikummaq, a wildlife officer for 28 years who’s travelled on the land around Igloolik since the 1950s, says polar bears are indeed coming closer to human settlements in search of food, but they’re not skinny or sickly.
Instead, hunters in the region are reporting well-fed bears and mothers travelling with multiple cubs, another sign that bears are having no trouble finding food.
The male population is also up, he said.
“They [hunters] are guaranteed to be seeing polar bears at camp,” Ikummaq said.
“This much we know now.”
“Twenty years back, you went caribou hunting, there was never a time you saw a bear.
But in the last six years, that’s when polar bear-human encounters have occurred more constantly.”"
But AlGore and his minions promised us these dang bears were disappearing!
Sup wit dat?
"Ikummaq, a wildlife officer for 28 years who’s travelled on the land around Igloolik since the 1950s, says polar bears are indeed coming closer to human settlements in search of food, but they’re not skinny or sickly.
Instead, hunters in the region are reporting well-fed bears and mothers travelling with multiple cubs, another sign that bears are having no trouble finding food.
The male population is also up, he said.
“They [hunters] are guaranteed to be seeing polar bears at camp,” Ikummaq said.
“This much we know now.”
“Twenty years back, you went caribou hunting, there was never a time you saw a bear.
But in the last six years, that’s when polar bear-human encounters have occurred more constantly.”"
But AlGore and his minions promised us these dang bears were disappearing!
Sup wit dat?
Thursday, January 28, 2010
Shortfalls for U.S. cities could reach $56 billion
Shortfalls for U.S. cities could reach $56 billion
"U.S. cities will face a collective budget shortfall of at least $56 billion over the next two years, with the current recession not seen hitting bottom until 2011, according to a report on Wednesday.
The National League of Cities said that because economic recoveries in cities lag national ones by about two years, the pain from the recession that began in 2007 could continue for years to come"
$56 BILLION in the next TWO Years??!!!!!!
And the automatic annual step up in pay and COL and pension increases just keep on rolling along......
"U.S. cities will face a collective budget shortfall of at least $56 billion over the next two years, with the current recession not seen hitting bottom until 2011, according to a report on Wednesday.
The National League of Cities said that because economic recoveries in cities lag national ones by about two years, the pain from the recession that began in 2007 could continue for years to come"
$56 BILLION in the next TWO Years??!!!!!!
And the automatic annual step up in pay and COL and pension increases just keep on rolling along......
The Ninth Annual Year in Ideas - NYTimes.com
The Ninth Annual Year in Ideas - Magazine - NYTimes.com
"And so we hereby present, from A to Z, the most clever, important, silly and just plain weird innovations we carried back from all corners of the thinking world."
"And so we hereby present, from A to Z, the most clever, important, silly and just plain weird innovations we carried back from all corners of the thinking world."
Wednesday, January 27, 2010
Illinois Careens Toward Bankruptcy
Illinois Careens Toward Bankruptcy: Report NBC Chicago
"The question is: what can Illinois do about its near-bankrupt status?
Answer: not much."
"The question is: what can Illinois do about its near-bankrupt status?
Answer: not much."
401k/IRA Screw Job Coming? - The Market Ticker
401k/IRA Screw Job Coming? - The Market Ticker
"401k/IRA Screw Job Coming?
Now this is a guaranteed rape job.
In a short conversation this noontime that CNBC apparently has omitted from their archives (Why's that folks?) Rick Santelli was talking about a potential to effectively force money into the Treasury market.
Where would they get this?
From your 401k and IRA accounts!
From Businessweek:
The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.
"401k/IRA Screw Job Coming?
Now this is a guaranteed rape job.
In a short conversation this noontime that CNBC apparently has omitted from their archives (Why's that folks?) Rick Santelli was talking about a potential to effectively force money into the Treasury market.
Where would they get this?
From your 401k and IRA accounts!
From Businessweek:
The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.
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