Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland.
From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments.
The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest.
Important stuff you won't get from the liberal media! We do the surfing so you can be informed AND have a life!
Saturday, November 17, 2012
Muskegon County Board backs spending $1 million on employee bonuses despite public outcry
Muskegon County Board backs spending $1 million on employee bonuses despite public outcry | MLive.com#incart_river#incart_river
The cost for the bonuses is being offset by reduced spending on employees' health insurance and prescription coverage, along with implementation of a wellness program.
County officials who support the bonuses contend they are better for the county than a raise, because the one-time payment won’t affect pensions and benefits programs.
The cost for the bonuses is being offset by reduced spending on employees' health insurance and prescription coverage, along with implementation of a wellness program.
County officials who support the bonuses contend they are better for the county than a raise, because the one-time payment won’t affect pensions and benefits programs.
ACLU: Long lines at Grand Rapids polls mean people must choose between voting or their paychecks
ACLU: Long lines at Grand Rapids polls mean people must choose between voting or their paychecks Guest column) | MLive.com
GRAND RAPIDS, Mich. -- No one should have to decide between their paycheck and their vote.
But last Tuesday across Michigan, many people did.
GRAND RAPIDS, Mich. -- No one should have to decide between their paycheck and their vote.
But last Tuesday across Michigan, many people did.
Two large city of Muskegon labor contracts extended setting up critical negotations at the end of 2013 | MLive.com#incart_river#incart_river#incart_river#incart_river#incart_river
Two large city of Muskegon labor contracts extended setting up critical negotations at the end of 2013 | MLive.com
The city of Muskegon and its two major labor unions represented by the Service Employees International Union Local 517M have decided to put off issues of pay, benefits and contract provisions for a year.
But that sets up a consolidation of city contracts coming due at the end of 2013. This time next year the city will face some critical labor negotiations.
The Muskegon City Commission unanimously approved a one-year contract extension with the SEIU Local 517M for both the city clerical and public works employees.
The contract extensions continue current salaries, benefits and contract language through Dec. 31, 2013, according to City Manager Bryon Mazade.
“From our standpoint, we have decided not to negotiate a new contract at this time,” Mazade said. “We are avoiding the time, effort and cost of negotiating a new contract.”
The city of Muskegon and its two major labor unions represented by the Service Employees International Union Local 517M have decided to put off issues of pay, benefits and contract provisions for a year.
But that sets up a consolidation of city contracts coming due at the end of 2013. This time next year the city will face some critical labor negotiations.
The Muskegon City Commission unanimously approved a one-year contract extension with the SEIU Local 517M for both the city clerical and public works employees.
The contract extensions continue current salaries, benefits and contract language through Dec. 31, 2013, according to City Manager Bryon Mazade.
“From our standpoint, we have decided not to negotiate a new contract at this time,” Mazade said. “We are avoiding the time, effort and cost of negotiating a new contract.”
Obama Gave Gen. Petraeus And Wife Holly Big Government Salaries - Investors.com
Obama Gave Gen. Petraeus And Wife Holly Big Government Salaries - Investors.com
On top of Gen. Petraeus' sizable government salary, CNSNews reports that since last year his wife Holly, the victim of Petraeus' alleged affair with author Paula Broadwell, has been enjoying a $187,605 salary as an assistant director within the Dodd-Frank law's new Consumer Financial Protection Bureau.
Obama has made sure the Petraeuses were well within the top 1% (courtesy of the 99%, of course), with a combined government-provided annual income not too far from $400,000.
The CFPB, which is expected to destroy thousands of small banks, is funded by the Federal Reserve, so Congress has no oversight over it.
Indeed, Mrs. Petraeus' post is not subject to Senate confirmation.
It may be months before the public knows what Gen. Petraeus knows about Bengazi, but when a president "invests" so much money in both you and your wife, where is your loyalty likely to go?
To the truth or your powerful patron?
On top of Gen. Petraeus' sizable government salary, CNSNews reports that since last year his wife Holly, the victim of Petraeus' alleged affair with author Paula Broadwell, has been enjoying a $187,605 salary as an assistant director within the Dodd-Frank law's new Consumer Financial Protection Bureau.
Obama has made sure the Petraeuses were well within the top 1% (courtesy of the 99%, of course), with a combined government-provided annual income not too far from $400,000.
The CFPB, which is expected to destroy thousands of small banks, is funded by the Federal Reserve, so Congress has no oversight over it.
Indeed, Mrs. Petraeus' post is not subject to Senate confirmation.
It may be months before the public knows what Gen. Petraeus knows about Bengazi, but when a president "invests" so much money in both you and your wife, where is your loyalty likely to go?
To the truth or your powerful patron?
Sooner or later, first-time homebuyers will be eligible for state grant of $3,000-$5,000
Sooner or later, first-time homebuyers will be eligible for state grant of $3,000-$5,000 | MLive.com
MSHDA spokesperson Mary Lou Keenon said Friday the program won’t be ready to issue checks until after Jan. 1.
“It’s not in place yet.
It will be by the end of the year,” Keenon said.
“What we’re trying to do is make this as streamlined and accessible as possible.”
The program is part of a nationwide settlement with five mortgage lenders.
The program will be available to first-time homebuyers or homebuyers who have not owned a home for three years.
MSHDA spokesperson Mary Lou Keenon said Friday the program won’t be ready to issue checks until after Jan. 1.
“It’s not in place yet.
It will be by the end of the year,” Keenon said.
“What we’re trying to do is make this as streamlined and accessible as possible.”
The program is part of a nationwide settlement with five mortgage lenders.
The program will be available to first-time homebuyers or homebuyers who have not owned a home for three years.
Muskegon Heights boil water advisory lifted, water deemed safe to drink
Muskegon Heights boil water advisory lifted, water deemed safe to drink | MLive.com
"Cityof Muskegon Heights staff, along with Jackson Merkey Contractors, worked throughthe night to repair the broken water main and are still on site at this time,"he wrote, adding that they expect the main to be fixed this weekend.
"Cityof Muskegon Heights staff, along with Jackson Merkey Contractors, worked throughthe night to repair the broken water main and are still on site at this time,"he wrote, adding that they expect the main to be fixed this weekend.
Hey GOP, take the Palin cure
LA Times - Hey GOP, take the Palin cure
Sarah Palin is the new Ronald Reagan: charming and affable and unwilling to back down if she's right. I can't see what's wrong with that.
Sarah Palin is the new Ronald Reagan: charming and affable and unwilling to back down if she's right. I can't see what's wrong with that.
Fraud: CNN Uses Video Footage Of Faked Palestinian 'Injuries'
Fraud: CNN Uses Video Footage Of Faked Palestinian 'Injuries'
Last night on CNN's 360 with Anderson Cooper, video footage was broadcast that purported to show injuries and victims of Israeli military operations in Gaza.
The footage was exposed as fraudulent here on Breitbart News yesterday..
Last night on CNN's 360 with Anderson Cooper, video footage was broadcast that purported to show injuries and victims of Israeli military operations in Gaza.
The footage was exposed as fraudulent here on Breitbart News yesterday..
BBC Wisconsin is delayed as last 'saltie' with wind turbine parts expected Monday afternoon
BBC Wisconsin is delayed as last 'saltie' with wind turbine parts expected Monday afternoon | MLive.com#incart_river#incart_river#incart_river
Mart Dock officials in Muskegon had anticipated the 452-foot vessel with 21 wind turbine blades from Germany to arrive Sunday morning.
Now the estimated time of arrival is 4 p.m. Monday, Mart Dock officials said.
...The wind turbine parts began with the first “saltie” arriving in Muskegon in August.
West Michigan ship watchers have been treated to six arrivals at the Mart Dock this fall.
The BBC Wisconsin – a German owned and managed cargo ship – is the last of the shipments needed for the Beebe wind farm.
Mart Dock officials in Muskegon had anticipated the 452-foot vessel with 21 wind turbine blades from Germany to arrive Sunday morning.
Now the estimated time of arrival is 4 p.m. Monday, Mart Dock officials said.
...The wind turbine parts began with the first “saltie” arriving in Muskegon in August.
West Michigan ship watchers have been treated to six arrivals at the Mart Dock this fall.
The BBC Wisconsin – a German owned and managed cargo ship – is the last of the shipments needed for the Beebe wind farm.
Cynthia Brim Re-elected To Chicago Bench
Cynthia Brim Re-elected To Chicago Bench - Business Insider
"At that point she is absolutely psychotic in the sense of not having the ability to think straight or to even organize her thinking or to really remember a darn thing that happened," attorney James Montgomery Sr. said, according to the Tribune.
....The Chicago Bar Association recommended voters not re-elect Brim and the Chicago Council of Lawyers has determined she was "not qualified" to sit on the bench, The Chicago Sun-Times reported in October.
Despite her re-election, Brim is suspended from hearing cases in light of her pending charges. But she'll still collect her $182,000 salary.
"At that point she is absolutely psychotic in the sense of not having the ability to think straight or to even organize her thinking or to really remember a darn thing that happened," attorney James Montgomery Sr. said, according to the Tribune.
....The Chicago Bar Association recommended voters not re-elect Brim and the Chicago Council of Lawyers has determined she was "not qualified" to sit on the bench, The Chicago Sun-Times reported in October.
Despite her re-election, Brim is suspended from hearing cases in light of her pending charges. But she'll still collect her $182,000 salary.
(H)Amtrak: The Pork-Powered Trains
(H)Amtrak: The Pork-Powered Trains | Job Creators Solutions
As congresscritters chug toward the fiscal cliff, they should gaze upon a $151 billion plan by Amtrak to upgrade 457 miles of its system.
Adjusting for inflation, just three times that price allowed an earlier Congress to build the entire Interstate Highway System, which was then more than 100 times the mileage of this proposed Amtrak fix-up.
nd unlike the national choo-choo train, the highways were paid off entirely by user fees, rather than juiced along with lots (and lots) of general taxpayer dollars.
As congresscritters chug toward the fiscal cliff, they should gaze upon a $151 billion plan by Amtrak to upgrade 457 miles of its system.
Adjusting for inflation, just three times that price allowed an earlier Congress to build the entire Interstate Highway System, which was then more than 100 times the mileage of this proposed Amtrak fix-up.
nd unlike the national choo-choo train, the highways were paid off entirely by user fees, rather than juiced along with lots (and lots) of general taxpayer dollars.
NetRight Daily » Why governors should not implement state insurance exchanges under Obamacare
NetRight Daily » Why governors should not implement state insurance exchanges under Obamacare
By not implementing the state exchange, governors such as Rick Perry in Texas or Bob McDonnell in Virginia are effectively giving employers in those states the standing to sue against the new IRS rule.
In other words, it creates an avenue to fight against the implementation of the law.
For employers that do not wish to be under Obamcare’s thumb, such a move at least gives them a fighting chance.
But if the exchange is implemented by the states, employers in those states will not have any chance at all to challenge the law.
By not implementing the state exchange, governors such as Rick Perry in Texas or Bob McDonnell in Virginia are effectively giving employers in those states the standing to sue against the new IRS rule.
In other words, it creates an avenue to fight against the implementation of the law.
For employers that do not wish to be under Obamcare’s thumb, such a move at least gives them a fighting chance.
But if the exchange is implemented by the states, employers in those states will not have any chance at all to challenge the law.
Allen West, Mitt Romney and the Massive Voter Fraud Machine
Allen West, Mitt Romney and the Massive Voter Fraud Machine
On the national front, there have been widespread stories of electronic voting machines switching votes for Mitt Romney to votes for Barack Obama. The reports began with early voting in some states and continued through Election Day.
Now, a Chicago technician named Steve Pickrum, who worked for the election supervisor, is saying that when he was called to service some voting machines on Election Day, he observed that the machines were not counting votes for Romney.
“On early voting, when I did work on the floor when voters needed help using the equipment, I was able to see the preference of the voter, and every time that I saw a voter voted for Romney, a ‘voter save failure’ message came up on the screen,” he said.
He also said when he went to vote, he got the same error message and told a poll worker, who replied that he should just assume his vote was counted.
He demanded that the worker check the vote record, and his vote had not been recorded.
Pickrum said he never saw the error occur when someone voted for Obama.
On the national front, there have been widespread stories of electronic voting machines switching votes for Mitt Romney to votes for Barack Obama. The reports began with early voting in some states and continued through Election Day.
Now, a Chicago technician named Steve Pickrum, who worked for the election supervisor, is saying that when he was called to service some voting machines on Election Day, he observed that the machines were not counting votes for Romney.
“On early voting, when I did work on the floor when voters needed help using the equipment, I was able to see the preference of the voter, and every time that I saw a voter voted for Romney, a ‘voter save failure’ message came up on the screen,” he said.
He also said when he went to vote, he got the same error message and told a poll worker, who replied that he should just assume his vote was counted.
He demanded that the worker check the vote record, and his vote had not been recorded.
Pickrum said he never saw the error occur when someone voted for Obama.
Gov. Snyder prepares for federally dominant health exchange; Bolger now backs state option
Gov. Snyder prepares for federally dominant health exchange; Bolger now backs state option | MLive.com#incart_river#incart_river#incart_river
Gov. Rick Snyder on Friday took a step toward collaborating with the Obama administration on an online health insurance marketplace that largely would be controlled by the federal government, but left the door open to creating a state-run exchange that picked up some critical backing.
Gov. Rick Snyder on Friday took a step toward collaborating with the Obama administration on an online health insurance marketplace that largely would be controlled by the federal government, but left the door open to creating a state-run exchange that picked up some critical backing.
Despite $15.9 billion loss, U.S. Postal Service execs see boost in pay
Despite $15.9 billion loss, U.S. Postal Service execs see boost in pay - Washington Times
Despite nearly $16 billion in annual losses announced by the U.S. Postal Service on Thursday, all but one of the top five executives for the nation's mail service had an overall compensation increase this year, records show.
Despite nearly $16 billion in annual losses announced by the U.S. Postal Service on Thursday, all but one of the top five executives for the nation's mail service had an overall compensation increase this year, records show.
Michigan income gap growth report: Rich didn't get richer, but poor got poorer
Michigan income gap growth report: Rich didn't get richer, but poor got poorer | MLive.com
The rich didn't get any richer in Michigan between 1998 and 2007, but the state's income gap continued to grow as middle- and low-income families got poorer
The rich didn't get any richer in Michigan between 1998 and 2007, but the state's income gap continued to grow as middle- and low-income families got poorer
Walker won't create health care exchange, defers to feds
Walker won't create health care exchange, defers to feds
His comments came as President Barack Obama's administration further pushed back a deadline for states to decide, but other high-profile GOP governors signaled their own unwillingness to move forward with exchanges in their states.
His comments came as President Barack Obama's administration further pushed back a deadline for states to decide, but other high-profile GOP governors signaled their own unwillingness to move forward with exchanges in their states.
Friday, November 16, 2012
How to stockpile Twinkies
How to stockpile Twinkies - MarketWatch
Those building up their supplies may be disturbed to find out that the snack’s official shelf life is just 25 days.
But Hostess hoarders can rest assured, say experts:
The treats will still stay tasty for months — if not years — to come.
Those building up their supplies may be disturbed to find out that the snack’s official shelf life is just 25 days.
But Hostess hoarders can rest assured, say experts:
The treats will still stay tasty for months — if not years — to come.
Thursday, November 15, 2012
Advance Illinois releases dismal report on education in Illinois
Advance Illinois releases dismal report on education in Illinois - chicagotribune.com
According to a report released by the organization Tuesday, only one-third of Illinois students complete fourth grade proficient in reading; the same percentage of students is academically prepared at the start of high school; and fewer than one-third of students leave high school ready for college.
According to a report released by the organization Tuesday, only one-third of Illinois students complete fourth grade proficient in reading; the same percentage of students is academically prepared at the start of high school; and fewer than one-third of students leave high school ready for college.
Wednesday, November 14, 2012
Lawyer calls Attorney General's lawsuit seeking removal of Detroit school board members 'racist'
Lawyer calls Attorney General's lawsuit seeking removal of Detroit school board members 'racist' | MLive.com#incart_river#incart_river#incart_river#incart_river
The board members' attorney called the case a racist attempt to nullify the decisions of Detroit voters.
"It shows contempt," attorney George Washing told the News.
"It's a racist lawsuit and should be thrown out."
The board members' attorney called the case a racist attempt to nullify the decisions of Detroit voters.
"It shows contempt," attorney George Washing told the News.
"It's a racist lawsuit and should be thrown out."
Journalists attacked for reporting on Christmas tree controversy
Journalists attacked for reporting on Christmas tree controversy
The board had voted against paying 8,000 kroner for the annual Christmas tree and party, but had earlier in the year approved the payment of 60,000 kroner for a party celebrating the Muslim holiday of Eid. Five out of nine of the board members are Muslims.
The board had voted against paying 8,000 kroner for the annual Christmas tree and party, but had earlier in the year approved the payment of 60,000 kroner for a party celebrating the Muslim holiday of Eid. Five out of nine of the board members are Muslims.
Special Report: How a vicious circle of self-interest sank a California city
Special Report: How a vicious circle of self-interest sank a California city | Reuters
The mayor blamed a dysfunctional city council and greedy police and fire unions.
The unions blamed the mayor.
Even now, there is little agreement on how the city got into this crisis or how it can extricate itself.
"It's total political chaos," said John Husing, a former San Bernardino resident and regional economist.
"There is no solution.
They'll never fix anything."
Yet on close examination, the city's decades-long journey from prosperous, middle-class community to bankrupt, crime-ridden, foreclosure-blighted basket case is straightforward — and alarmingly similar to the path traveled by many municipalities around America's largest state.
San Bernardino succumbed to a vicious circle of self-interests among city workers, local politicians and state pension overseers.
The mayor blamed a dysfunctional city council and greedy police and fire unions.
The unions blamed the mayor.
Even now, there is little agreement on how the city got into this crisis or how it can extricate itself.
"It's total political chaos," said John Husing, a former San Bernardino resident and regional economist.
"There is no solution.
They'll never fix anything."
Yet on close examination, the city's decades-long journey from prosperous, middle-class community to bankrupt, crime-ridden, foreclosure-blighted basket case is straightforward — and alarmingly similar to the path traveled by many municipalities around America's largest state.
San Bernardino succumbed to a vicious circle of self-interests among city workers, local politicians and state pension overseers.
Quarter mile of old train cars left on tracks below Lakeshore Drive on Muskegon Lake shoreline
Quarter mile of old train cars left on tracks below Lakeshore Drive on Muskegon Lake shoreline | MLive.com
A train of 39 old “hopper” freight-train cars were pushed along the railroad tracks below Lakeshore Drive and adjacent to the city of Muskegon’s Lakeshore Trail.
Many of them are rusting and covered with graffiti.
A train of 39 old “hopper” freight-train cars were pushed along the railroad tracks below Lakeshore Drive and adjacent to the city of Muskegon’s Lakeshore Trail.
Many of them are rusting and covered with graffiti.
Ballots still being counted in Muskegon County more than a week after election
Ballots still being counted in Muskegon County more than a week after election | MLive.com#incart_river
Officials with Muskegon Heights who were retabulating votes Wednesday arrived at 8:30 a.m. and still were far from finished by late afternoon, Grimm said.
“It’s a long process,” she said.
Also retabulating results are Whitehall Township, White River Township, Laketon Township, Muskegon Township and the city of Muskegon, Grimm said. In Laketon Township, for example, ballots were retabulated because there was one more ballot than the number of voters, she said.
“It’s not a perfect system, but it’s the one we have,” Grimm said.
Officials with Muskegon Heights who were retabulating votes Wednesday arrived at 8:30 a.m. and still were far from finished by late afternoon, Grimm said.
“It’s a long process,” she said.
Also retabulating results are Whitehall Township, White River Township, Laketon Township, Muskegon Township and the city of Muskegon, Grimm said. In Laketon Township, for example, ballots were retabulated because there was one more ballot than the number of voters, she said.
“It’s not a perfect system, but it’s the one we have,” Grimm said.
Subscribe to:
Posts (Atom)