Sunday, June 23, 2013
Increasing Bond Yields Risk Debt Spiral in U.S., Japan, BIS Says
Increasing Bond Yields Risk Debt Spiral in U.S., Japan, BIS Says - Bloomberg:
"Japan’s public debt would swell to 600 percent of gross domestic product by 2050 on a 2 percentage-point increase in funding costs, should its age-related government spending continue unchecked, the Basel-based BIS said in its 83rd annual report.
In the U.S., the debt-to-GDP ratio would almost double to 200 percent under the same circumstances, it said."
"Japan’s public debt would swell to 600 percent of gross domestic product by 2050 on a 2 percentage-point increase in funding costs, should its age-related government spending continue unchecked, the Basel-based BIS said in its 83rd annual report.
In the U.S., the debt-to-GDP ratio would almost double to 200 percent under the same circumstances, it said."
Two Large Meals a Day Tops Six Mini-Meals for Weight Loss
Two Large Meals a Day Tops Six Mini-Meals for Weight Loss - Bloomberg:
"Eating two large meals a day yielded more weight loss than consuming six mini-meals with the same number of calories, according to a study that challenges the common wisdom on appetite control."
"Eating two large meals a day yielded more weight loss than consuming six mini-meals with the same number of calories, according to a study that challenges the common wisdom on appetite control."
Senators Reid, Heller Slip Las Vegas Tourism Handout Into Immigration Bill
Senators Reid, Heller Slip Las Vegas Tourism Handout Into Immigration Bill |:
"Senate Majority Leader Harry Reid (D-NV) and Sen. Dean Heller (R-NV) have inserted a provision that amounts to little more than a handout to Las Vegas casinos into the repackaged immigration reform bill, Breitbart News has learned.
his provision, a brazen example of crony capitalism, was inserted into the immigration law enforcement section of the bill despite the fact that it has nothing whatsoever to do with “immigration” or “law enforcement.”
On page 66 of the repackaged bill, the following provision appears:
“CORPORATION FOR TRAVEL PROMOTION.—Sec- 9(d)(2)(B) of the Travel Promotion Act of 2009 (22 U.S.C. 2131(d)(2)(B)) is amended by striking ‘‘For each of fiscal years 2012 through 2015,’’ and inserting ‘‘For each fiscal year after 2012.”
"Senate Majority Leader Harry Reid (D-NV) and Sen. Dean Heller (R-NV) have inserted a provision that amounts to little more than a handout to Las Vegas casinos into the repackaged immigration reform bill, Breitbart News has learned.
his provision, a brazen example of crony capitalism, was inserted into the immigration law enforcement section of the bill despite the fact that it has nothing whatsoever to do with “immigration” or “law enforcement.”
On page 66 of the repackaged bill, the following provision appears:
“CORPORATION FOR TRAVEL PROMOTION.—Sec- 9(d)(2)(B) of the Travel Promotion Act of 2009 (22 U.S.C. 2131(d)(2)(B)) is amended by striking ‘‘For each of fiscal years 2012 through 2015,’’ and inserting ‘‘For each fiscal year after 2012.”
Every Year The Earth Grows 40,000 Tons Heavier Thanks To What?
Every Year The Earth Grows 40,000 Tons Heavier Thanks To What?:
My thought was "fat democrat voters".
My thought was "fat democrat voters".
Developer will kill Innovation Campus hotel if county wage mandate sticks
Developer will kill Innovation Campus hotel if county wage mandate sticks - Milwaukee - The Business Journal:
"Illinois-based hotel developer Jim Mann, who was planning to build the extended-stay hotel at Innovation Campus in Wauwatosa, said late Thursday he’s dropping the project if the Milwaukee County Board keeps the wage requirements it approved just hours earlier."
"Illinois-based hotel developer Jim Mann, who was planning to build the extended-stay hotel at Innovation Campus in Wauwatosa, said late Thursday he’s dropping the project if the Milwaukee County Board keeps the wage requirements it approved just hours earlier."
IRS Sent $46,378,040 in Refunds to 23,994 ‘Unauthorized’ Aliens at 1 Atlanta Address
IRS Sent $46,378,040 in Refunds to 23,994 ‘Unauthorized’ Aliens at 1 Atlanta Address | CNS News:
"The Internal Revenue Service sent 23,994 tax refunds worth a combined $46,378,040 to “unauthorized” alien workers who all used the same address in Atlanta, Ga., in 2011, according to the Treasury Inspector General for Tax Administration "
"The Internal Revenue Service sent 23,994 tax refunds worth a combined $46,378,040 to “unauthorized” alien workers who all used the same address in Atlanta, Ga., in 2011, according to the Treasury Inspector General for Tax Administration "
Oh, Yeah, the Economy
Oh, Yeah, the Economy | RealClearPolitics:
"How does this recovery compared to other post-World War II recoveries? "
"How does this recovery compared to other post-World War II recoveries? "
Detroit, Chicago To Dump Retiree Health On ObamaCare, Taxpayers
Detroit, Chicago To Dump Retiree Health On ObamaCare, Taxpayers - Investors.com:
"High on emergency manager Kevyn Orr's to-do list: slash health care outlays for thousands of early retirees by shifting them to ObamaCare.
Detroit spent $177 million on health benefits for 19,000 retirees last year but figures it can cut that to $28 million-$40 million a year.
Part of the savings would come from paring supplemental coverage for retirees age 65 and older, most of whom already get Medicare."
"High on emergency manager Kevyn Orr's to-do list: slash health care outlays for thousands of early retirees by shifting them to ObamaCare.
Detroit spent $177 million on health benefits for 19,000 retirees last year but figures it can cut that to $28 million-$40 million a year.
Part of the savings would come from paring supplemental coverage for retirees age 65 and older, most of whom already get Medicare."
Saturday, June 22, 2013
Do 'megadeal' business incentives grow jobs? Michigan is tops in offering them, report says
Do 'megadeal' business incentives grow jobs? Michigan is tops in offering them, report says | MLive.com: "Michigan has offered more large government-funded subsidies and tax incentive packages to corporations than any other state, according to a new report."
Detroit Recovery Plan Threatens Muni-Market Underpinnings
Detroit Recovery Plan Threatens Muni-Market Underpinnings - Bloomberg:
"Emergency Manager Kevyn Orr’s plan to suspend payments on $2 billion of Detroit’s debt threatens a basic tenet of the $3.7 trillion municipal market: that states and cities will raise taxes as high as needed to avoid default."
"Emergency Manager Kevyn Orr’s plan to suspend payments on $2 billion of Detroit’s debt threatens a basic tenet of the $3.7 trillion municipal market: that states and cities will raise taxes as high as needed to avoid default."
IRS Sent $46 Million in Tax Refunds to 23,994 ‘Unauthorized’ Aliens — All at the SAME Address in Atlanta
IRS Sent $46 Million in Tax Refunds to 23,994 ‘Unauthorized’ Aliens — All at the SAME Address in Atlanta | TheBlaze.com:
"The TIGTA audit report, published last year at the request of members of Congress, revealed 10 addresses in the U.S. that were issued anywhere from 1,846 to 23,994 tax refunds each. Four of those 10 addresses were located in Atlanta."
"The TIGTA audit report, published last year at the request of members of Congress, revealed 10 addresses in the U.S. that were issued anywhere from 1,846 to 23,994 tax refunds each. Four of those 10 addresses were located in Atlanta."
Friday, June 21, 2013
Report: FAA Moving Closer to Relaxing In-Flight Gadget Rules
Report: FAA Moving Closer to Relaxing In-Flight Gadget Rules | News & Opinion | PCMag.com:
"A formal decision likely won't come until after the FAA receives the final version of the advisory panel's study, expected at the end of September."
"A formal decision likely won't come until after the FAA receives the final version of the advisory panel's study, expected at the end of September."
Showing photos of terrorists is racism, says Jim McDermott
Showing photos of terrorists is racism, says Jim McDermott | The Daily Caller:
"McDermott, a Democrat from Washington state, voiced his “deep concern” about the ad, which shows mug shots of international terrorists, and asked the FBI chief to “reconsider publicizing” it.
According to McDermott, the “ad featuring sixteen photos of wanted terrorists is not only offensive to Muslims and ethnic minorities, but it encourages racial and religious profiling.”
"McDermott, a Democrat from Washington state, voiced his “deep concern” about the ad, which shows mug shots of international terrorists, and asked the FBI chief to “reconsider publicizing” it.
According to McDermott, the “ad featuring sixteen photos of wanted terrorists is not only offensive to Muslims and ethnic minorities, but it encourages racial and religious profiling.”
Number Seven: NBC News Caught Again Selectively Editing Video
Number Seven: NBC News Caught Again Selectively Editing Video:
"Deceptive journalistic practices at NBC News show no sign of slowing down.
This latest attempt to selectively edit audio/video in order to benefit Barack Obama represents the seventh such act of willful, intentional journalistic malpractice.
NBC News is already being sued over one instance involving George Zimmerman.
Via Newsbusters, here is the latest, which occurred Thursday at MSNBC:
"Deceptive journalistic practices at NBC News show no sign of slowing down.
This latest attempt to selectively edit audio/video in order to benefit Barack Obama represents the seventh such act of willful, intentional journalistic malpractice.
NBC News is already being sued over one instance involving George Zimmerman.
Via Newsbusters, here is the latest, which occurred Thursday at MSNBC:
Shoe Battles - Going Toe-to-Toe in Stilettos
Shoe Battles - Going Toe-to-Toe in Stilettos - NYTimes.com:
"The designer shoe industry, to some extent, relies on the willful suspension of rational thinking, the giving over to a more primal urge (to shop, that is) in order to move merchandise that common sense would suggest is patently, obscenely, even self-destructively overpriced."
"The designer shoe industry, to some extent, relies on the willful suspension of rational thinking, the giving over to a more primal urge (to shop, that is) in order to move merchandise that common sense would suggest is patently, obscenely, even self-destructively overpriced."
Amendment Would Give Legal Status To People Displaced By Climate Change
Amendment Would Give Legal Status To People Displaced By Climate Change | ThinkProgress:
"Senator Brian Schatz’s (D-HI) filed an amendment for the immigration bill Wednesday that would allow stateless people in the U.S. to seek conditional lawful status if their nations have been made uninhabitable by climate change."
"Senator Brian Schatz’s (D-HI) filed an amendment for the immigration bill Wednesday that would allow stateless people in the U.S. to seek conditional lawful status if their nations have been made uninhabitable by climate change."
Thursday, June 20, 2013
Detroit's Debt Crisis: Everything Must Go
Detroit's Debt Crisis: Everything Must Go | Politics News | Rolling Stone:
"Detroit's Debt Crisis: Everything Must GoThe city just suspended its payments to Wall Street.
But is this the beginning of a resurrection for the city – or an organ sale?"
"Detroit's Debt Crisis: Everything Must GoThe city just suspended its payments to Wall Street.
But is this the beginning of a resurrection for the city – or an organ sale?"
Wednesday, June 19, 2013
The F.B.I. Deemed Agents Faultless in 150 Shootings
The F.B.I. Deemed Agents Faultless in 150 Shootings - NYTimes.com:
WASHINGTON — After contradictory stories emerged about anF.B.I. agent’s killing last month of a Chechen man in Orlando, Fla., who was being questioned over ties to the Boston Marathon bombing suspects, the bureau reassured the public that it would clear up the murky episode.
“The F.B.I. takes very seriously any shooting incidents involving our agents, and as such we have an effective, time-tested process for addressing them internally,” a bureau spokesman said.
But if such internal investigations are time-tested, their outcomes are also predictable: from 1993 to early 2011, F.B.I. agents fatally shot about 70 “subjects” and wounded about 80 others — and every one of those episodes was deemed justified, according to interviews and internal F.B.I. records obtained by The New York Times through a Freedom of Information Act lawsuit.
The last two years have followed the same pattern: an F.B.I. spokesman said that since 2011, there had been no findings of improper intentional shootings.
In most of the shootings, the F.B.I.’s internal investigation was the only official inquiry.
Minnesota Author Vince Flynn Dies At 47
Minnesota Author Vince Flynn Dies At 47 « CBS Minnesota:
"Minnesota author Vince Flynn has died after a long battle with prostate cancer."
TOTAL BUMMER!
RIP Vince.
"Minnesota author Vince Flynn has died after a long battle with prostate cancer."
TOTAL BUMMER!
RIP Vince.
Living in Fear: Welcome to Fascist America
Roger L. Simon » Living in Fear: Welcome to Fascist America:
"Back in the ’80s when, on a couple of occasions, I visited the Soviet Union, I always wondered what was it really like to live in that godforsaken place.
But it didn’t much matter.
For all the creepy spying that was going on, I realized I’d be out of there in a week or two.
Now I know what it was like. It’s come home.
I live in fear.
I don’t want to admit it, but it’s true.
Every phone call I make, every email I send, every text I message, every article I write including this one, I imagine being bugged or recorded.
1984 is here and it’s not pretty.
It infects everything we do."
"Back in the ’80s when, on a couple of occasions, I visited the Soviet Union, I always wondered what was it really like to live in that godforsaken place.
But it didn’t much matter.
For all the creepy spying that was going on, I realized I’d be out of there in a week or two.
Now I know what it was like. It’s come home.
I live in fear.
I don’t want to admit it, but it’s true.
Every phone call I make, every email I send, every text I message, every article I write including this one, I imagine being bugged or recorded.
1984 is here and it’s not pretty.
It infects everything we do."
Tuesday, June 18, 2013
Muskegon County not included in distribution of $100 million in blight-reduction funds
Muskegon County not included in distribution of $100 million in blight-reduction funds | MLive.com:
"As a whole, 10.8 percent of Muskegon County homes were vacant in the 2010 Census.
That compares to 12 percent in Genesee County (Flint) and 14.5 percent in Wayne County (Detroit), and just 8 percent in Kent County (Grand Rapids),"
"As a whole, 10.8 percent of Muskegon County homes were vacant in the 2010 Census.
That compares to 12 percent in Genesee County (Flint) and 14.5 percent in Wayne County (Detroit), and just 8 percent in Kent County (Grand Rapids),"
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