Friday, November 04, 2011
Unable to pay bill, Mich. city turns off lights
Unable to pay bill, Mich. city turns off lights - Yahoo! Finance
But when the debt-ridden community could no longer afford its monthly electric bill, elected officials not only turned off 1,000 streetlights.
They had them ripped out -- bulbs, poles and all. Now nightfall cloaks most neighborhoods in inky darkness.
But when the debt-ridden community could no longer afford its monthly electric bill, elected officials not only turned off 1,000 streetlights.
They had them ripped out -- bulbs, poles and all. Now nightfall cloaks most neighborhoods in inky darkness.
Thursday, November 03, 2011
IL Taxpayers Cover Teacher Pension Contributions
IL Taxpayers Cover Teacher Pension Contributions Heartlander Magazine
Teachers in nearly half of Illinois’ public school districts contribute nothing from their weekly paychecks to their pensions, according to the Illinois Policy Institute (IPI).
Illinois law requires teachers to contribute 9.4 percent to their pensions and employers to contribute 9 percent.
Teachers in nearly half of Illinois’ public school districts contribute nothing from their weekly paychecks to their pensions, according to the Illinois Policy Institute (IPI).
Illinois law requires teachers to contribute 9.4 percent to their pensions and employers to contribute 9 percent.
New Words-Ineptocracy
New Words-Ineptocracy Points and Figures
The word is: Ineptocracy
1. Ineptocracy
*_Ineptocracy_****(in-ep-toc’-ra-cy) – a system of government where the least
capable to lead are elected by the least capable of producing, and where the
members of society least likely to sustain themselves or succeed, are rewarded
with goods and services paid for by the confiscated wealth of a diminishing number
of producers*
Use in a sentence:
The occupy protesters are part of the ineptocracy movement.
The word is: Ineptocracy
1. Ineptocracy
*_Ineptocracy_****(in-ep-toc’-ra-cy) – a system of government where the least
capable to lead are elected by the least capable of producing, and where the
members of society least likely to sustain themselves or succeed, are rewarded
with goods and services paid for by the confiscated wealth of a diminishing number
of producers*
Use in a sentence:
The occupy protesters are part of the ineptocracy movement.
How Harrisburg Borrowed Itself Into Bankruptcy
Steve Malanga: How Harrisburg Borrowed Itself Into Bankruptcy - WSJ.com
Harrisburg, the capital of Pennsylvania, is drowning in debt. City officials have known for more than four years that they'd have to deal with the fiscal mess, but they punted.
The state has engineered a bailout plan, but the city council rejected it.
Instead it has asked creditors to forgo as much as $100 million of the debt.
Harrisburg, the capital of Pennsylvania, is drowning in debt. City officials have known for more than four years that they'd have to deal with the fiscal mess, but they punted.
The state has engineered a bailout plan, but the city council rejected it.
Instead it has asked creditors to forgo as much as $100 million of the debt.
Mayors, unions clash on COLAs; pension forecasts defended
Mayors, unions clash on COLAs; pension forecasts defended WPRI.com Blogs
As a partial alternative to the current proposal, Rhode Island AFL-CIO President George Nee suggested lawmakers should instead raise taxes to offset some of the proposed cuts in pension benefits, saying it’s time for Rhode Island to “tax the people who can best afford and can most afford it.”
As a partial alternative to the current proposal, Rhode Island AFL-CIO President George Nee suggested lawmakers should instead raise taxes to offset some of the proposed cuts in pension benefits, saying it’s time for Rhode Island to “tax the people who can best afford and can most afford it.”
The Euro Crisis
Edward P. Lazear: The Euro Crisis—Doubting the 'Domino' Effect - WSJ.com
In their case, and in ours, the solution is primarily a reduction in the bloated size of government expenditures that come about by making promises that cannot be kept.
READ THIS!
In their case, and in ours, the solution is primarily a reduction in the bloated size of government expenditures that come about by making promises that cannot be kept.
READ THIS!
Hawaii State Liabilities Climb by 60 Percent in Two Years; Expert Calls the News ‘Shocking’
Hawaii State Liabilities Climb by 60 Percent in Two Years; Expert Calls the News ‘Shocking’ Hawaii Reporter
Sheila Weinberg, founder and CEO of the Institute for Truth in Accounting, called the state’s liability in the report “shocking", particularly when it comes to the increase in costs for medical services for state employees.
Sheila Weinberg, founder and CEO of the Institute for Truth in Accounting, called the state’s liability in the report “shocking", particularly when it comes to the increase in costs for medical services for state employees.
Wednesday, November 02, 2011
Global warming is over, says expert
Express.co.uk :: Global warming is over, says expert
But this last point is one which Prof Curry has furiously rebuttted.
In a serious clash of scientific experts Prof Curry has accused Prof Muller of trying to “hide the decline in rates of global warming”.
She says that BEST’s research actually shows that there has been no increase in world temperatures for 13 years.
But this last point is one which Prof Curry has furiously rebuttted.
In a serious clash of scientific experts Prof Curry has accused Prof Muller of trying to “hide the decline in rates of global warming”.
She says that BEST’s research actually shows that there has been no increase in world temperatures for 13 years.
Colorado voters reject raising taxes to support education
Colorado voters reject raising taxes to support education - latimes.com
In what could be a harbinger of the 2012 election, Colorado voters Tuesday overwhelmingly rejected a measure that would have raised nearly $3 billion for education by temporarily increasing state income, sales and use taxes.
Name one kid whose "education" would improve with more money to teachers and administrators.
In what could be a harbinger of the 2012 election, Colorado voters Tuesday overwhelmingly rejected a measure that would have raised nearly $3 billion for education by temporarily increasing state income, sales and use taxes.
Name one kid whose "education" would improve with more money to teachers and administrators.
Occupy Wall Street
Occupy Wall Street Arrest Records Mansions Housing The Daily Caller
Among addresses for which information is available, single-family homes listed on those police intake forms have a median value of $305,000 — a far higher number than the $185,400 median value of owner-occupied housing units in the United States.
$184,000 is the median?!!!!!
Among addresses for which information is available, single-family homes listed on those police intake forms have a median value of $305,000 — a far higher number than the $185,400 median value of owner-occupied housing units in the United States.
$184,000 is the median?!!!!!
Eric Holder Was Right
Eric Holder Was Right - WSJ.com
At a party the other night we met a young black businessman who had graduated from Atlanta's Morehouse College--the elite traditionally black institution that is also Cain's alma mater--before earning a master's in engineering at Columbia University.
He told us that his experiences at the two schools were dramatically different:
"At Morehouse, I was never aware of my race, and there were no excuses."
He said that at Columbia, racial awareness was constant, and when a black student slipped up--say, by showing up late for class--allowances were made because of his race.
At a party the other night we met a young black businessman who had graduated from Atlanta's Morehouse College--the elite traditionally black institution that is also Cain's alma mater--before earning a master's in engineering at Columbia University.
He told us that his experiences at the two schools were dramatically different:
"At Morehouse, I was never aware of my race, and there were no excuses."
He said that at Columbia, racial awareness was constant, and when a black student slipped up--say, by showing up late for class--allowances were made because of his race.
The Euro Crisis
Edward P. Lazear: The Euro Crisis—Doubting the 'Domino' Effect - WSJ.com
Closer to home, the same issues that threaten Europe may soon become immediate concerns to Americans.
To understand why, consider two theories of economic destruction, which can be labeled the domino theory and the popcorn theory.
Closer to home, the same issues that threaten Europe may soon become immediate concerns to Americans.
To understand why, consider two theories of economic destruction, which can be labeled the domino theory and the popcorn theory.
The Naked Dollar: Occupy This
The Naked Dollar visited Zuccotti Park today, site of the largest and now famous Occupy Wall Street protest.
I am here to report what I saw.
I will come back to the picture above, which was most definitely not an "Occupy" rally.
Lawmakers to Propose Transaction Tax for Financial Firms Modeled on Europe
Lawmakers to Propose Transaction Tax for Financial Firms Modeled on Europe - Bloomberg
Senator Tom Harkin, an Iowa Democrat, and Representative Peter DeFazio, an Oregon Democrat, will introduce the bills tomorrow in their respective chambers.
The bills will give the United States an increased role in the international debate over a transaction tax, which is likely to be discussed at the Group of 20 summit this week in Cannes, France.
“It’s a significant way to raise some needed revenue,” Harkin said in an interview today in Washington.
“Quite frankly, I bet nobody would even feel it.”
Senator Tom Harkin, an Iowa Democrat, and Representative Peter DeFazio, an Oregon Democrat, will introduce the bills tomorrow in their respective chambers.
The bills will give the United States an increased role in the international debate over a transaction tax, which is likely to be discussed at the Group of 20 summit this week in Cannes, France.
“It’s a significant way to raise some needed revenue,” Harkin said in an interview today in Washington.
“Quite frankly, I bet nobody would even feel it.”
Tuesday, November 01, 2011
Smoking-Gun Document Ties Policy To Housing Crisis
Smoking-Gun Document Ties Policy To Housing Crisis - Latest Headlines - Investors.com
President Obama says the Occupy Wall Street protests show a "broad-based frustration" among Americans with the financial sector, which continues to kick against regulatory reforms three years after the financial crisis.
"You're seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on the abusive practices that got us into this in the first place," he complained earlier this month.
But what if government encouraged, even invented, those "abusive practices"?
Maybe it's time for a little "off with their heads....."?
The sad reality is that far too many in our country wouldn't be upset if it was "government" at fault.
Our socialist madrases have made "profit" a bad word for too many of our citizens.
President Obama says the Occupy Wall Street protests show a "broad-based frustration" among Americans with the financial sector, which continues to kick against regulatory reforms three years after the financial crisis.
"You're seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on the abusive practices that got us into this in the first place," he complained earlier this month.
But what if government encouraged, even invented, those "abusive practices"?
Maybe it's time for a little "off with their heads....."?
The sad reality is that far too many in our country wouldn't be upset if it was "government" at fault.
Our socialist madrases have made "profit" a bad word for too many of our citizens.
Monday, October 31, 2011
Skeptic finds he now agrees global warming is real
My Way News - Skeptic finds he now agrees global warming is real
What's different, and why everyone from opinion columnists to "The Daily Show" is paying attention is who is behind the study.
One-quarter of the $600,000 to do the research came from the Charles Koch Foundation, whose founder is a major funder of skeptic groups and the tea party.
The Koch brothers, Charles and David, run a large privately held company involved in oil and other industries, producing sizable greenhouse gas emissions.
What's different, and why everyone from opinion columnists to "The Daily Show" is paying attention is who is behind the study.
One-quarter of the $600,000 to do the research came from the Charles Koch Foundation, whose founder is a major funder of skeptic groups and the tea party.
The Koch brothers, Charles and David, run a large privately held company involved in oil and other industries, producing sizable greenhouse gas emissions.
The very angry first lady Michelle Obama
CURL: The very angry first lady Michelle Obama - Washington Times
Mad Michelle this week popped down to Davis Island, Fla., to hobnob with the very people her husband despises - the 1 percent.
Mad Michelle this week popped down to Davis Island, Fla., to hobnob with the very people her husband despises - the 1 percent.
Saturday, October 29, 2011
Occupy DC to secede from the United States? [VIDEO] |
Occupy DC to secede from the United States? [VIDEO] The Daily Caller
The Daily Caller visited the Occupy DC encampment on Friday and interviewed union organizer Anthony Sluder.
While Sluder appeared to be in charge, he preferred to describe himself as “the one who is informed to inform you.”
Check out what Sluder told TheDC about the “occupiers” and their plan to — you heard it right — secede.
The Daily Caller visited the Occupy DC encampment on Friday and interviewed union organizer Anthony Sluder.
While Sluder appeared to be in charge, he preferred to describe himself as “the one who is informed to inform you.”
Check out what Sluder told TheDC about the “occupiers” and their plan to — you heard it right — secede.
GOLDMAN: Stop Kidding Yourself, The Economy Is Weak And Got Worse In October
GOLDMAN: Stop Kidding Yourself, The Economy Is Weak And Got Worse In October
Remember, this past week, Q3 GDP came in at 2.5%, nearly double the pace of the previous quarter.
And the stock market has rebounded sharply thanks to a surprise string of stronger-than-expected economic data.
But don't get too excited.
From Goldman's Shuyan Wu
"The GSAI fell 0.9 points from 43.3 in September to 42.4 in October.
This is the third straight decline since July, and the second straight month that the headline index has registered below the 50 mark (a sub-50 reading implies that more analysts see contraction in their sectors than expansion)".
Remember, this past week, Q3 GDP came in at 2.5%, nearly double the pace of the previous quarter.
And the stock market has rebounded sharply thanks to a surprise string of stronger-than-expected economic data.
But don't get too excited.
From Goldman's Shuyan Wu
"The GSAI fell 0.9 points from 43.3 in September to 42.4 in October.
This is the third straight decline since July, and the second straight month that the headline index has registered below the 50 mark (a sub-50 reading implies that more analysts see contraction in their sectors than expansion)".
Obama clarified what liberalism is
Obama clarified what liberalism is « Don Surber
Obama accepted a whopping $750 million in campaign contributions — a half billion of the money coming from large donors, including the two richest men in America.
That was double the money Republican John McCain collected
Obama accepted a whopping $750 million in campaign contributions — a half billion of the money coming from large donors, including the two richest men in America.
That was double the money Republican John McCain collected
GHEI: Europe accepts the inevitable
GHEI: Europe accepts the inevitable - Washington Times
The official European Council statement released Thursday said the deal will result in a “nominal discount of 50 percent on notional Greek debt held by private investors.”
That’s a fancy way to describe what amounts to an orderly default.
The official European Council statement released Thursday said the deal will result in a “nominal discount of 50 percent on notional Greek debt held by private investors.”
That’s a fancy way to describe what amounts to an orderly default.
Friday, October 28, 2011
11 Charged in L.I.R.R. Disability Scheme
11 Charged in L.I.R.R. Disability Scheme - NYTimes.com
Ten of the defendants were taken into custody early Thursday at their homes by agents from the Federal Bureau of Investigation and state investigators, officials said.
They included seven former railroad workers, including a former union president;
Ten of the defendants were taken into custody early Thursday at their homes by agents from the Federal Bureau of Investigation and state investigators, officials said.
They included seven former railroad workers, including a former union president;
Four Reasons Keynesians Keep Getting It Wrong
Allan H. Meltzer: Four Reasons Keynesians Keep Getting It Wrong - WSJ.com
Why is the economic response to increased government spending so different from the response predicted by Keynesian models?
What is missing from the models that makes their forecasts so inaccurate?
Those should be the questions asked by both proponents and opponents of more government spending.
Allow me to suggest four major omissions from Keynesian models:
Why is the economic response to increased government spending so different from the response predicted by Keynesian models?
What is missing from the models that makes their forecasts so inaccurate?
Those should be the questions asked by both proponents and opponents of more government spending.
Allow me to suggest four major omissions from Keynesian models:
Thursday, October 27, 2011
Bill Ayers Wows Adoring Audience at OccupyChicago
» Bill Ayers Wows Adoring Audience at #OccupyChicago - Big Government
Bill Ayers – the one-time domestic terrorist and leader of the Weather Underground, the self-proclaimed author of Barack Obama’s “Dreams of My Father,” the university professor now living on a government-provided pension – wowed the #OccupyChicago crowd last week.
Bill Ayers – the one-time domestic terrorist and leader of the Weather Underground, the self-proclaimed author of Barack Obama’s “Dreams of My Father,” the university professor now living on a government-provided pension – wowed the #OccupyChicago crowd last week.
66% Oppose Forgiveness of Student Loans
66% Oppose Forgiveness of Student Loans - Rasmussen Reports™
One of the loudest demands by the Occupy Wall Street protesters is for forgiveness of the nearly $1 trillion worth of student loans, but Americans strongly oppose forgiving that debt.
Even as President Obama talks about easing the burden on those with student loans, in fact, Americans are more inclined to think the government should help those who haven’t gone to college instead.
The latest Rasmussen Reports national telephone survey finds that just 21% of American Adults think the federal government should forgive the nearly $1 trillion in loans it made or guaranteed to help students pay for a college education.
Sixty-six percent (66%) oppose the forgiveness of all student loans.Thirteen percent (13%) are undecided. (To see survey question wording, click here.)
One of the loudest demands by the Occupy Wall Street protesters is for forgiveness of the nearly $1 trillion worth of student loans, but Americans strongly oppose forgiving that debt.
Even as President Obama talks about easing the burden on those with student loans, in fact, Americans are more inclined to think the government should help those who haven’t gone to college instead.
The latest Rasmussen Reports national telephone survey finds that just 21% of American Adults think the federal government should forgive the nearly $1 trillion in loans it made or guaranteed to help students pay for a college education.
Sixty-six percent (66%) oppose the forgiveness of all student loans.Thirteen percent (13%) are undecided. (To see survey question wording, click here.)
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