FLASH: RICK PERRY QUITS

He officially quit the race to become GOP candidate for President and is heading back to Texas to shoot some pool.

New technology is a bitch…Even more so when you invented it.

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(Reuters) – Eastman Kodak Co, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America’s best-known companies.

The more than 130-year-old photographic film pioneer, which had tried to restructure to become a seller of consumer products like cameras, said it had also obtained a $950 million, 18-month credit facility from Citigroup to keep it going.

The loan and bankruptcy protection from U.S. trade creditors may give Kodak the time it needs to find buyers for some of its 1,100 digital patents, the key to its remaining value, and to reshape its business while continuing to pay its 17,000 workers.

“The board of directors and the entire senior management team unanimously believe that this is a necessary step and the right thing to do for the future of Kodak,” Chairman and Chief Executive Antonio Perez said in a statement.

“Now we must complete the transformation by further addressing our cost structure and effectively monetizing non-core intellectual-property assets. We look forward to working with our stakeholders to emerge a lean, world-class, digital imaging and materials science company,” he added.

At end September, the group had total assets of $5.1 billion and liabilities of $6.75 billion.

Read the rest here.

(Reuters) – Hedge fund titan Steven A. Cohen is once again in the spotlight over allegations of improper trading at his $14 billion SAC Capital Advisors.

The arrest on Wednesday of technology analyst Jon Horvath marks the fourth time in two years that U.S. authorities have implicated or charged a person with engaging in insider trading while working at SAC Capital. It is the latest to come from an investigation FBI agents have coined Operation Perfect Hedge.

Federal authorities did not charge Cohen or SAC Capital with any wrongdoing in the case against Horvath, who is accused of using inside information to help the Stamford, Connecticut-based hedge fund generate a $1 million profit from trading in shares and option contracts of PC maker Dell Inc..

Horvath’s lawyer could not immediately be reached for comment.

The case against Horvath comes less than a month after SAC Capital capped another successful year, generating an 8 percent return while most hedge funds lost money in 2011.

Read the rest here.

Warren’s pockets are deep. Don’t fuck with him.

Full article

If there is nothing new, what will this say for ABCNews’s “ethics?”

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“A knowledgeable insider says that Newt Gingrich’s second wife does not say anything in the taped interview with ABC News that she hasn’t said in previous print interviews. But to repeat her account of how their marriage failed—because the then-House speaker was having an affair—in a form that can be endlessly replayed on television could prove a serious distraction for the presidential candidate two days before the South Carolina primary.”

Read the rest here.

Odd. I had no idea that Hollywood types were Democrats.

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By NIKKI FINKE | Wednesday January 18, 2012 @ 3:20pm PST

EXCLUSIVE: Internet sites on their SOPAStrike may be conducting a blackout but Hollywood studios are conducting a boycott. I’ve learned that Hollywood studio chiefs individually and as a group are drawing a line in the sand on the piracy issue with the Obama re-election campaign and refusing to give any more donations.  The blowup came after President Obama on Saturday dashed moguls’ hopes that he would remain on the sidelines in the dispute over the U.S. House Of Representatives’ Stop Online Piracy Act and the U.S. Senate’s Protect IP Act. In a posting on the White House web site, three of the Obama administration’s top officials for Internet and intellectual property matters said that  they share many of the concerns that the Internet community has about the Hollywood-supported bills.

Read the rest here.

Let’s hope we don’t have more similarities with 1987…

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U.S. stocks rose, giving the Standard & Poor’s 500 Index its best start to a year since 1987, after confidence among homebuilders topped forecasts, Goldman Sachs (GS) Group Inc. rallied and concern about Europe eased.

Read the rest here.

“The US economy may be on the verge of a big comeback. It could experience an unusual second recovery over the next three years following the weak initial recovery of the past three years. In the past, recessions were followed by one broad-based recovery in economic activity. The Naysayers have been predicting a “double dip” recession for the US economy since it started to recover in 2009. I’m suggesting that a more likely scenario might be a double back-to-back recovery.”

Read the rest, and see some pretty graphs, here.

“But an analysis of the Fed data is still revealing in that it shows the wealth gap, as measured by net worth, is much more extreme than the chasm as measured by income.“

I was surprised to read that a “guaranteed basic income” for every American would be considered “conservative.”

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“Murray’s conclusion is that Americans need to steer clear of Europe and instead get back to their roots. We should scrap the institutions of the New Deal and Great Society and replace them with the system of guaranteed basic income he first proposed in In Our Hands (2006). And we should pin our faith on the four traditional pillars of the American way of life: family, vocation, community, and faith. These, Murray argues, were the true foundations of the American project, from Kennedy all the way back to Washington.”

Read the rest here.

Oil demand has fallen for the first time since the 2008-09 global financial crisis, a result of the weakening economy, a mild winter and high crude prices, according to new estimates from the International Energy Agency.

Read the rest here.

Casey B. Mulligan is an economics professor at the University of Chicago.

One myth about the surge in federal government spending over the last four years is that it was an automatic response to the recession. But the “tests” that beneficiaries of various government safety-net programs are required to pass before they can participate have gotten easier since 2007.

Read the rest here.

Answer: Sometimes, maybe, depends on the researcher and his methods.

(via DrudgeReport.com)

(Drudge gets the big scoop again)

NEWT EX-WIFE UNLOADS ON CAMERA; NETWORK DEBATES 'ETHICS' OF AIRING BEFORE SC PRIMARY**Exclusive**
Wed Jan 18 2012 18:47:14 ET

Marianne Gingrich has said she could end her ex-husband’s career with a single interview. Earlier this week, she sat before ABCNEWS cameras, the DRUDGE REPORT has learned.

She spoke to ABCNEWS reporter Brian Ross for two hours.

Her explosive revelations are set to rock the campaign.

But now a “civil war” has erupted inside of the network, an insider claims, on exactly when the confession will air!

ABCNEWS suits determined it would be “unethical” to run the Marianne Gingrich interview so close to the South Carolina Primary, a curious decision, one insider argued, since the network has aggressively been reporting on other candidates.

A decision was tentatively made to air the interview next Monday, after all votes have been counted.

Gingrich canceled a press conference on Wednesday to deal with the matter.

“He believes that what he says in public and how he lives don’t have to be connected,” Marianne Gingrich, Newt’s wife of 18 years, explained to ESQUIRE last year. “When you try and change your history too much, and try and recolor it because you don’t like the way it was or you want it to be different to prove something new … you lose touch with who you really are.”

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A new culture for business…

$CLR, $TPLM, $KOG, $NOG, & $OAS

Do they they not get what just happened in their own backyard ?

Not saying i’m on the left or that i want the president to be re-elected….just saying you on the right need to stand together or as they say it is your election to lose.