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Thursday, November 10, 2011

Might be all she wrote for Perry






Throw in his stance on illegals and he is about as close to becoming the next president as Huntsman.








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Tuesday, November 8, 2011

New Word




On a tip from Ed Kilbane






The new reality







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Saturday, November 5, 2011

Liberal vs Conservative



On a tip from my brother Gary







I think this gently explains the difference in thinking between people with opposite outlooks. Take it how you want.....

A young woman was about to finish her first year of college. Like so many others her age, she considered herself to be very liberal, and among other liberal ideals, was very much in favor of higher taxes to support more government programs, in other words redistribution of wealth.

She was deeply ashamed that her father was a rather staunch conservative, a feeling she openly expressed. Based on the lectures that she had participated in, and the occasional chat with a professor, she felt that her father had for years harbored an evil, selfish desire to keep what he thought should be his.

One day she was challenging her father on his opposition to higher taxes on the rich and the need for more government programs.

The self-professed objectivity proclaimed by her professors had to be the truth and she indicated so to her father. He responded by asking how she was doing in school.

Taken aback, she answered rather haughtily that she had a 4.0 GPA, and let him know that it was tough to maintain, insisting that she was taking a very difficult course load and was constantly studying, which left her no time to go out and party like other people she knew. She didn't even have time for a boyfriend, and didn't really have many college friends because she spent all her time studying.

Her father listened and then asked, "How is your friend Audrey doing?"

She replied, "Audrey is barely getting by. All she takes are easy classes, she never studies and she barely has a 2.0 GPA. She is so popular on campus; college for her is a blast. She's always invited to all the parties and lots of times she doesn't even show up for classes because she's too hung over."

Her wise father asked his daughter, "Why don't you go to the Dean's office and ask him to deduct 1.0 off your GPA and give it to your friend who only has a 2.0. That way you will both have a 3.0 GPA and certainly that would be a fair and equal distribution of GPA."

The daughter, visibly shocked by her father's suggestion, angrily fired back, "That's a crazy idea, how would that be fair! I've worked really hard for my grades! I've invested a lot of time, and a lot of hard work! Audrey has done next to nothing toward her degree. She played while I worked my tail off!"

The father slowly smiled, winked and said gently, "Welcome to the conservative side of the fence."

If you ever wondered what side of the fence you sit on, this is a great test!

If a conservative doesn't like guns, he doesn't buy one.
If a liberal doesn't like guns, he wants all guns outlawed.

If a conservative is a vegetarian, he doesn't eat meat.
If a liberal is a vegetarian, he wants all meat products banned for everyone.

If a conservative is down-and-out, he thinks about how to better his situation.
A liberal wonders who is going to take care of him..

If a conservative doesn't like a talk show host, he switches channels.
Liberals demand that those they don't like be shut down.

If a conservative is a non-believer, he doesn't go to church.
A liberal non-believer wants any mention of God and Jesus silenced. 

If a conservative decides he needs health care, he goes about shopping for it, or may choose a job that provides it..
A liberal demands that the rest of us pay for his.

If a conservative reads this, he'll forward it so his friends can have a good laugh.
A liberal will delete it because he's "offended."







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Thursday, November 3, 2011

MF Global...aptly named






Corzine... doing for MF Global what he did for New Jersey.



MF Global mixed clients' funds with its own


Regulators say money is missing from customer accounts held by MF Global, led by Jon Corzine, shown in January. (Mel Evans/Associated Press)



MF Global, the troubled New York-based securities firm, broke rules requiring it to keep clients' money and its own funds in separate accounts, the head of the Chicago Mercantile exchange says.

CME Group Inc. CEO Craig Donohue said Tuesday MF Global was "not in compliance" with requirements set by his company and the Commodity Futures Trading Commission, its key regulator.

"While we are unable to determine the precise scope of the firm's violation at this time, we are investigating the circumstances of the firm's failure," Donohue said.
Also on Tuesday, the Wall Street Journal reported that the FBI plans to look into questions about whether money is missing from client accounts, and if so, whether that constitutes a crime.

The newspaper did not identify its source.MF Global filed for bankruptcy protection on Monday.Regulators said they have discovered money is missing from some of the firm's customer accounts.

Jon Corzine, a former New Jersey governor, chief of Goldman Sachs and major fundraiser for U.S. President Barack Obama, leads MF Global.

Corzine has helped raised at least $500,000 for Obama's re-election campaign since April.

Corzine prompted MF Global to make more trades for the company's own profits, a practice known as proprietary trading. Some of that trading was conducted on the CME.

He pushed for the $6.3 billion US bet on debt issued by Italy, Spain and other European nations with troubled economies that ultimately doomed the company.
Companies regulated by the CFTC must account for clients' money and investments separately from money and investments belonging to the company.

The CFTC said in September that MF Global was overvaluing some of its European debt investments. It required the company to raise more cash, according to court papers filed on Monday.

MF Global reported its biggest-ever quarterly loss last week, mainly because of losses on proprietary trading.

Credit rating agencies downgraded the company's bonds to junk status, and business partners demanded that it put up more cash to guarantee its trades. The result was a severe cash crunch that forced MF Global into bankruptcy court.

Debt from many European nations has lost value in recent months because bond investors fear one or more countries might default.

On Monday, the New York Federal Reserve said it suspended MF Global from doing new business as a primary dealer.

Primary dealers are companies considered financially secure enough to sell US government debt on behalf of the Federal Reserve.





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Tuesday, November 1, 2011

Money Making Monopoly





1. Red light cameras have pissed me off from the word go. Talk about Big Brother.

2. The government counties claim safety concerns. Bullshit. They are a insidious tax. Our tax dollars used to invade our own privacy, and the local governments make more money from them then a Vegas slot machine.


To put things in proper perspective, I was never issued a ticket from a red light camera. That is not to say I haven't received my fair share of tickets.


Read the story below. Red light cameras are nothing but one big f------scam!






Red-light traffic camera deals under scrutiny


Local governments hungry for revenue are signing contracts with red-light camera companies that put profit over traffic safety, according to a new study by a national public interest advocacy group.

Some contracts restrict police from doing things like lengthening the yellow signal and leave taxpayers holding the bag if the contracts are terminated early, says the report from the U.S. Public Interest Research Group, the federation of state public interest research groups.

"The most problematic contracts require cities to share revenue with the camera vendor on a per-ticket basis or through other formulas as a percentage of revenue," the group says. "In other words, the more tickets a camera system issues, the more profit the vendor collects."

Occupy Wall Street protester?


"It just creates this really broad incentive to fine as many people as you can," says Phineas Baxandall, a co-author of the report. "That's not a good safety model."
About 700 communities in about half the states have deals with for-profit companies to install camera systems. The trend has been accelerated during the recession as local governments seek revenue that can help them avert laying off teachers, firefighters and police officers, the report says.

The deals "sometimes prevent local governments from acting in the best interests of their citizens, especially when the terms of the deal prioritize delivering profits for the shareholders or owners of the private firm," the report says. When local governments privatize traffic enforcement, they usually retain some role. Some contracts, though, limit government powers to set and enforce traffic regulations.

Yellow-light duration, for example, has long been a contentious point in the red-light camera debate.Lengthening a yellow signal gives drivers more time to react to a signal change, thus reducing the number of red-light violations.

"However, some contracts potentially impose financial penalties on the city if traffic engineers extend the length of the yellow light at intersections, which would reduce the number of tickets the systems can issue," the report says.

Anne McCartt, senior vice president for research at the Insurance Institute for Highway Safety and a proponent of automated enforcement, says cameras "are a highly effective way to reduce red-light running and reduce crashes, especially serious crashes, at intersections. … The most effective program would be one where no tickets would be issued because no one is running a red light."

The privatized traffic law enforcement industry "has amassed significant political clout that it uses to shape traffic safety nationwide," according to the report, which says vendors aggressively lobby to expand camera use. "In 2011, camera vendors employed nearly 40 lobbyists in Florida, whose agenda included killing a bill that would have required municipalities to adopt longer yellow-light times to increase intersection safety," the report says.

"This report is going to open a whole new, robust dialogue about how we should both provide public safety by using photo enforcement and about how it should be managed to protect the public interest," says Leslie Blakey, executive director of the National Campaign to Stop Red Light Running, an advocacy group initially funded by the photo enforcement industry.




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