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Latest Discussions
Mustanger @ 03-11-10 18:30
Read: 15 Comments: 1
BlueWolf @ 03-11-10 12:55
Read: 25 Comments: 5
elderban @ 03-11-10 10:38
Read: 20 Comments: 3
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| How the "bailout" of Citigroup is going |
| Posted by Mustanger - 03-11-10 18:30 - 1 comments |
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I'll never see the money I invested as an individual in Citigroup but as a taxpayer I'm glad to see that the so called "bailout" is turning into a very good investment for the taxpayers. QUOTE Pandit ‘Wouldn’t Be ‘Surprised’ If Treasury Weighs Stake Sale
March 12 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit said the U.S. Treasury Department will be free to sell its 27 percent stake in the bank starting next week and that he “wouldn’t be surprised” if the government were considering a sale.
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The Treasury got its 7.7 billion shares in the New York- based bank last September, when the department converted $25 billion of bailout money into common shares at a cost of $3.25 each. The stock rose to $4.18 in New York Stock Exchange composite trading yesterday, giving the government a 29 percent paper gain on the stake, or about $7.2 billion.
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Read 15 times - last comment by Bookie61
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| US Dept of Education. |
| Posted by WonderHampster - 03-11-10 12:26 - 0 comments |
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QUOTE The U.S. Department of Education (ED) intends to purchase twenty-seven (27) REMINGTON BRAND MODEL 870 POLICE 12/14P MOD GRWC XS4 KXCS SF. RAMAC #24587 GAUGE: 12 BARREL: 14" - PARKERIZED CHOKE: MODIFIED SIGHTS: GHOST RING REAR WILSON COMBAT; FRONT - XS CONTOUR BEAD SIGHT STOCK: KNOXX REDUCE RECOIL ADJUSTABLE STOCK FORE-END: SPEEDFEED SPORT-SOLID - 14" LOP are designated as the only shotguns authorized for ED based on compatibility with ED existing shotgun inventory, certified armor and combat training and protocol, maintenance, and parts.
The required date of delivery is March 22, 2010. Teacher: Jimmy, did you do your Obama History homework last night Jimmy: No, sorry I forgot.... Teacher: 
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Read 18 times - make a comment
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| Obama Defies Pessimists as Rising Economy Converges With Stocks |
| Posted by Mustanger - 03-10-10 21:17 - 3 comments |
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This story is mostly good news all the way through. I thought the third paragraph was interesting (my highlights) and those that think the media is Liberal with a capital "L" might do a double take but it is worth considering... QUOTE Obama Defies Pessimists as Rising Economy Converges With Stocks
March 10 (Bloomberg) -- The political consensus may be that President Barack Obama’s handling of the economy has been weak. The judgment of money in all its forms has been overwhelmingly positive, and that may be the more lasting appraisal.
One year after U.S stocks hit their post-financial-crisis low on March 9, 2009, the benchmark Standard & Poor’s 500 Index has risen more than 68 percent, and it’s up more than 41 percent since Obama took office. Credit spreads have narrowed. Commodity prices have surged. Housing prices have stabilized.
“We’ve had a phenomenal run in asset classes across the board,” said Dan Greenhaus, chief economic strategist for Miller Tabak & Co. in New York. “If he was a Republican, we would hear a never-ending drumbeat of news stories about markets voting in favor of the president.”
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Read 24 times - last comment by WonderHampster
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| Greek Crisis Is Over? |
| Posted by Mustanger - 03-10-10 07:19 - 3 comments |
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Not sure I believe they or any of us are totally out of danger yet but it is certainly getting better. The stock markets have always been the predictors of things getting better and yesterday was the one year anniversary of the Dow's lowest point in this recession at about 6500 and what was it yesterday? 10,500!QUOTE Greek Crisis Is Over, Rest of Region Safe, Prodi Says (Update2)
March 10 (Bloomberg) -- The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi.
“For Greece, the problem is completely over,” said Prodi, who was also Italian prime minister, in an interview in Shanghai today. “I don’t see any other case now in Europe. I don’t think there is any reason to think the euro system will collapse or will suffer greatly because of Greece.”
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Read 32 times - last comment by WonderHampster
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| EADS-Northrop tanker contract exit prompts EU fears |
| Posted by Mustanger - 03-9-10 18:01 - 0 comments |
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I have followed this saga for years and applauded John McCain for almost single handedly stopping a leasing scheme that would have paid Boeing much more than the aircraft could be bought for and then there were the ethics concerns: QUOTE Boeing was initially awarded the contract in 2003, only for it to be subsequently cancelled after an ethics scandal that saw a US Air Force official convicted of criminal conspiracy.
Strangely now McCain seems to be quiet while another sweetheart deal appears to have been cooked up for Boeing with the specifications changed to eliminate the better aircraft from EADS-Northrop. This will be good for me as a Boeing stockholder and some Boeing employees that might have lost their jobs as the 767 is replaced by the 787 Dreamliner but it might cost many US jobs if the EU was to reciprocate and make US aircraft unable to bid on jobs in the EU. Just not good business and not good for the US taxpayers or the Air Force which will probably pay too much for an inferior plane. Don't get me wrong...this is not a bad plane and certainly a much needed replacement for the old KC-135s but just not the best for our tax money. QUOTE EADS-Northrop tanker contract exit prompts EU fears
Brussels has said it would be "extremely concerned" if the defence group EADS was prevented from fairly bidding for a major US defence deal.
Its comments came after pan-European EADS and US partner Northrop Grumman abandoned a bid for a $35bn (£23bn) mid-air refuelling aircraft contract.
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UK Business Secretary Lord Mandelson echoed the Commission's concerns.
"I am extremely disappointed at this announcement," he said.
"Given the open market to US producers we have in Europe, it is very disappointing that a US-led European consortium feels that the revised tanker procurement process is now so biased against them that it is not even worth making a bid.
"It is doubly disappointing when you consider that two years ago EADS, with their American partner, were awarded the contract fair and square."
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| There goes fishing |
| Posted by WonderHampster - 03-9-10 12:43 - 15 comments |
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Obama to ban Recreational Fishing in the United States. QUOTE The Obama administration will accept no more public input for a federal strategy that could prohibit U.S. citizens from fishing the nation's oceans, coastal areas, Great Lakes, and even inland waters.
This announcement comes at the time when the situation supposedly still is "fluid" and the Interagency Ocean Policy Task Force still hasn't issued its final report on zoning uses of these waters.
That's a disappointment, but not really a surprise for fishing industry insiders who have negotiated for months with officials at the Council on Environmental Quality and bureaucrats on the task force. These angling advocates have come to suspect that public input into the process was a charade from the beginning. Obama said in his campaign for the presidency that he wanted to create jobs. I wonder how many jobs will be created by banning recreational fishing. Lets see, I see a bunch of Mom and Pop owned fishing tackle shops going out of business. I see worm farms closing. I can see charter fishing operators closing their doors. The fact is I see thousands of jobs lost, not one created. Why? QUOTE WWF, Greenpeace, Defenders of Wildlife, Pew Environment Group and others produced a document entitled "Transition Green" shortly after Obama was elected in 2008. What has happened since suggests that the task force has been in lockstep with that position paper. Well there you go, Obama is in the back pocket of environmentalist that want to destroy human life for their wildlife counterparts. All of the above groups propose animal life over human life. This is more than an outrage, this is treason! I do not know what Obama hopes to gain by this action, but let me tell you what I think. The day a recreational fishing ban is passed, coastal states like Florida, Texas, Louisiana will announce their cessation from the Republic. I would stand right there with them, guns in hand to protect their right to do so as well. No I am not a fisherman, I have a brother who is, I have friends who are and I sure as hell will not stand idly by while the rights of my friends are screwed. The next right Comrade Obama will want to take are mine! Obama is quickly turning into the worst president that this country has ever seen, even worse than the nimrod Carter! Carter was just inept, Obama is dangerous! WW
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Read 100 times - last comment by Bookie61
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| Lindsay Lohan suing E*Trade for $100 million |
| Posted by elderban - 03-9-10 10:34 - 9 comments |
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QUOTE Lindsay Lohan is apparently famous enough to be known by her first name alone…and she wants $100 million from E*Trade, which dared to use that name without her permission. The “milkaholic” baby featured in the above ad was named after “someone on the account team,” a rep insists, but LiLo’s lawyer pooh-poohs that idea: They’re using Lindsay’s name “as a parody of her life. This is a subliminal message,” she tells the New York Post.
“Everybody's talking about it and saying it's Lindsay Lohan,” the lawyer continues, although Gawker writer Maureen O'Connor notes, “Though it is my job to read and spread gossip, this is the first I've heard about the above party baby secretly representing the girl occasionally known as Blowhan.” Lohan filed a lawsuit yesterday—in addition to the $100 million, she wants the spot off the air and every copy handed over. Here's the commercial in question: http://www.youtube.com/watch?v=lEXZ2hfD3bUSo I guess she is admitting she's an alcoholic and a baby?
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Read 63 times - last comment by BlueWolf
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| Pakistan arrests American-born al-Qaida |
| Posted by Mustanger - 03-7-10 13:46 - 0 comments |
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I'm surprised to learn that the US hasn't executed a traitor in my lifetime. A guy like this would be a good start... QUOTE Officers: Pakistan arrests American-born al-Qaida
KARACHI, Pakistan (AP) - The American-born spokesman for al-Qaida has been arrested by Pakistani intelligence officers in the southern city of Karachi, two officers and a government official said Sunday, the same day Adam Gadahn appeared in a video urging U.S. Muslims to attack their own country.
The arrest of Gadahn is a major victory in the U.S.-led battle against al-Qaida and will be taken as a sign that Pakistan, criticized in the past for being an untrustworthy ally, is cooperating more fully with Washington. It follows the recent detentions of several Afghan Taliban commanders in Karachi, including the movement's No. 2 commander.
Gadahn has appeared in more than half a dozen al-Qaida videos, taunting and threatening the West and calling for its destruction. A U.S. court charged Gadahn with treason in 2006, making him the first American to face such a charge in more than 50 years.
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