Gonna tease this because it is developing as the 800 pound Gorilla in the near term. Learn what you can about Credit Default Swaps and the tracking thereof. Indicators of sorts.
A Credit Default Swap (or CDS) is an insurance policy against the government not being able to repay the money that it is currently borrowing with such wild abandon. The available graphs will show how the cost of such a policy has been increasing, some might say soaring, of late. That's what the Big Boys are watching and trying to stay ahead of.
Impact.....toying with the old adage that you can't borrow your way to financial security. Be afraid.
Yes, kids, the skiing industry needs help. They even have a wish list..
Colorado's ski industry is greeting President-elect Barack Obama and the Democratic sweep of Congress with its trademark optimism. And a list.
Highest on the $4 billion-a-year industry's wish list from a unified Democratic president and Congress: • Stimulate the economy and get people vacationing. • Reform immigration and consider upping the number of temporary worker, or H-2B, visas that are the lifeline for resorts seeking seasonal employees. • Increase Forest Service funding or at least separate firefighting funds from operation budgets. • Address climate change by increasing tax credits for businesses that pursue environmentally friendly programs. "Obviously this administration has a lot on its plate," said Melanie Mills, president of Colorado Ski Country USA, the marketing and policy group responsible for peddling Colorado skiing as a whole. "We don't want recreation to be left behind."
Because there is nothing like a little recreation to take your mind off being broke and unable to afford...recreation. Just ask those AIG executives.
Our markets are going lower. This is just not a financial crisis. This is an economic collapse. Our entire phony economy is collapsing around us. There is nothing the government can do to stop it. They should just get out of the way, and let it happen.
5. California is now a valuable touchstone to the country, a warning of what not to do. Rarely has a single generation inherited so much natural wealth and bounty from the investment and hard work of those more noble now resting in our cemeteries—and squandered that gift within a generation. Compare the vast gulf from old Governor Pat Brown to Gray Davis or Arnold Schwarzenegger. We did not invest in many dams, canals, rails, and airports (though we use them all to excess); we sued each other rather than planned; wrote impact statements rather than left behind infrastructure; we redistributed, indulged, blamed, and so managed all at once to create a state with about the highest income and sales taxes and the worst schools, roads, hospitals, and airports. A walk through downtown San Francisco, a stroll up the Fresno downtown mall, a drive along highway 101 (yes, in many places it is still a four-lane, pot-holed highway), an afternoon at LAX, a glance at the catalogue of Cal State Monterey, a visit to the park in Parlier—all that would make our forefathers weep. We can’t build a new nuclear plant; can’t drill a new offshore oil well; can’t build an all-weather road across the Sierra; can’t build a few tracts of new affordable houses in the Bay Area; can’t build a dam for a water-short state; and can’t create even a mediocre passenger rail system. Everything else—well, we do that well.
Those wacky Brits (they hate it when ya call them that!) are at it again. Improving the lot of the downtrodden one regulation at a time. The latest? banning "Happy Hour", because, well, apparently the powers that be are damned tired of the citizens being happy.
LONDON (AP) - Britain is considering a ban on "happy hour" discounts at bars and restaurants to curb drinking, a spokesman said Saturday, as health advocates warned that a rise in liver-related deaths among young people may signal a future epidemic.
Mr. Obama's winning platform can be boiled down to one word: change.
I have never been so afraid for my country and for my children as I am now. This man campaigned on bringing people together, something he has never, ever done in his professional life. In my assessment, Obama will divide us along philosophical lines, push us apart, and then try to realign the pieces into a new and different power structure. Change is indeed coming. And when it comes, you will never see the same nation again.
Not sure how I missed this. Capt. Tony Tarracino passed away on November 1st. Among other things, the good Captain ran a bar in Key West for years and was memorialized in the Jimmy Buffet song "Last Mango in Paris". He was a fixture at the bar even after he sold it in 1989. He even ran for Mayor of Key West a few times. One occasion his campaign slogan was "All you need in this life is a tremendous sex drive and a great ego. Brains don't mean a shit."
Capt Tony's ....... been there done that, bought and wore out the t-shirt. My first time was back in the late 70's with Gator. We pointed the rental car south outta Tampa over the Sunshine Skyway Bridge. Hurtling southbound towards the Keys with a chum and a bottle of rum. Good times.
If liberals are going to use their first majority vote in a national election since Helen Thomas was spilling champagne on Liza at Studio 54 to lecture Republicans on how to win elections, I have a tip for them based on the exact same election: Constitutional amendments banning gay marriage passed in every state they were on the ballot -- Florida, Arizona, even in liberal California. I'll accept the results of the presidential election, if you anti-Proposition 8 die-hards in California accept the results of that vote.
I wrote about this phenomenon several days back. Here is Peter Hitchens setting it out far more eloquently than I......
These strengths had been fading for some time, mainly due to poorly controlled mass immigration and to the march of political correctness. They had also been weakened by the failure of America’s conservative party — the Republicans — to fight on the cultural and moral fronts.
They preferred to posture on the world stage. Scared of confronting Left-wing teachers and sexual revolutionaries at home, they could order soldiers to be brave on their behalf in far-off deserts. And now the US, like Britain before it, has begun the long slow descent into the Third World. How sad. Where now is our last best hope on Earth?
Since our last meeting we have been through a disastrous election. It is easy for us to be discouraged, as pundits hail that election as a repudiation of our philosophy and even as a mandate of some kind or other.
But the significance of the election was not registered by those who voted, but by those who stayed home. If there was anything like a mandate it will be found among almost two-thirds of the citizens who refused to participate.
Americans are hungry to feel once again a sense of mission and greatness.
I don ‘t know about you, but I am impatient with those Republicans who after the last election rushed into print saying, “We must broaden the base of our party”—when what they meant was to fuzz up and blur even more the differences between ourselves and our opponents.
Our people look for a cause to believe in. Is it a third party we need, or is it a new and revitalized second party, raising a banner of no pale pastels, but bold colors which make it unmistakably clear where we stand on all of the issues troubling the people?
A political party cannot be all things to all people. It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers.
I do not believe I have proposed anything that is contrary to what has been considered Republican principle. It is at the same time the very basis of conservatism. It is time to reassert that principle and raise it to full view. And if there are those who cannot subscribe to these principles, then let them go their way.
RonaldusMaximus March 1, 1975 at CPAC after the disastrous 1974 elections. Heed the word.
In the spirit of compromise and "can't we all just get along", the One has appointed Rahm "Rahmbo" Emmanuel as his Chief of Staff. This is a guy that Paul "The Forehead" Begala, his friend, describes as some one who is a “cross between a hemorrhoid and a toothache.”. I am sure he meant that in a nice way.
So, what do Republicans do? a.) Wait until January and field the onslaught of liberal programs or b.) run some offense say....oh...right now. I'm for option b. Here's a start.....
And now, a thought experiment: what would Rahm Emanuel do if he had Congressman John Boehner's job as House Minority Leader?
That's easy. Put as many long-range torpedoes into the water aimed at Senator Obama's ship of state before Republicans lose control of the Executive Branch as possible. Here are a few:
*Appoint U.S. Attorney for the Northern District of Illinois Patrick Fitzpatrick as a special prosecutor so he can pursue his investigation of Tony Rezko and his corrupt dealings with Illinois's governor and other creatures and spoilsmen of the Daley Machine. This will make it politically difficult for a President Obama to pardon Mr. Rezko and impossible for him to terminate Mr. Fitzpatrick as a federal officer come January 21 as a way of de-railing this investigation.
* Appoint a special prosecutor to investigate ACORN's voter registration methods and its dealings with the Obama campaign.
* Appoint a special prosecutor to investigate the Obama campaign's on-line fundraising operation, including its disabling of the credit card security software on its on-line donations system. File a complaint with the Federal Election Commission regarding same.
* Appoint a bipartisan (love that word!) presidential commission to review the candidates' fundraising in this election cycle and to recommend changes in federal election laws.
* File ethics complaints against Sen. Chris Dodd and Congressman Barney Frank for their relationship with Fannie Mae, Freddie Mac and Countrywide Mortgage.
Be it noted that, in his day, this is probably what Newt Gingrich would have done, too. It was then-Congressman Gingrich's persistent filing of ethics complaints against then-House Speaker Jim Wright, D Texas, which eventually brought Speaker Wright down and made possible the Republicans' re-taking of Congress in 1994 on the platform of the Contract with America.
the Great American Tragedy has begun. The leaning of the most prosperous nation in the world towards Socialism has suddenly turned in to an un-controlled skid. The descent towards mediocrity is on.
America has always been about YOU being, or at the very least, having the opportunity to be GREAT. Not second, not mediocre but the best, not middle of the road...the best, first, numero uno for our illegal friends. Democracy and capitalism work hand in hand to allow this to occur.
Socialism is not about the individual and his being anything extraordinary. It is about...Socialism. Anyone who thrives under the pogram is punished. They lose the fruits of their labor and it is shared with the ner do wells of the country. It becomes a juggling act as the socialist government takes from the achievers to give to the lazy. If the government takes to much, the achievers cease to exist. This is not good as the government needs a revenue stream. If the government takes to little, the lazy portion of society becomes disgruntled and votes them out. So a balance is sought, whereby the government searches for that fulcrum point when it takes just enough to keep the hopes of the achievers somewhat intact while being able to give things to the lazy. Government grows and Socialism survives.
Examples of the above? Canada. Great Britain. Australia. Ever notice how their governments are always electing a "new" majority to run the country. They are lurching about, looking for the fulcrum. The problem is that once you give something to the people, you can't take it back. Thus, even under a "conservative" government, the above countries are saddled with the pograms enacted by the true believers of Socialism. The question is not whether the country is Socialist or not, it is. The question is by how much.
This is the path America is now headed down. We are witnessing the sunset of Capitalism. Time is of the essence in deciding whether the descent into Socialism will be swift, like the darkness falling at the end of a winter day, or slow like a summer nite passing into twilight.
If you like the twilight as much as I, the time has come....get involved....mount up and ride to the sound of the guns.
Hope. I still have it. Why? This pretty much sums it up.
Nevertheless, I continue to think McCain can pull victory from the jaws of defeat. Why? Not because of any complex statistical alchemy but for the simple old fashioned reason that I do not believe the instinct for self-preservation has been entirely bred out of the American electorate.
John Conyers has called for an investigation into the facts surrounding the LEAK of this information. That's right, no effort to enforce the order of the court, he's more concerned with getting the SOB that made this information public!
Auntie had a hearing, the judge said no and ordered her deported. She's a fugitive alien. Why isn't her picture up at the Post Office? How did she get a Social Security card?? Qualify for public housing???