read the full results here
Comments »via The Register
Monthly Archives: July 2012
SHOCK: TSA Let 25 Illegal Aliens Attend Flight School Owned by Illegal Alien
(CNSNews.com) — The Transportation Security Administration (TSA) approved flight training for 25 illegal aliens at a Boston-area flight school that was owned by yet another illegal alien, according to the Government Accountability Office.
The illegal-alien flight-school attendees including eight who had entered the country illegally and 17 who had overstayed their allowed period of admission into the United States, according to an audit by the GAO.
Six of the illegal aliens were actually able to get pilot’s licenses.
READ THE REST HERE
Comments »Washington State to Allow Voter Registration via Facebook $FB
Social networks are rife with online polls, but beginning as early as next week, residents of Washington State will have a new way to sign up for the real things, when Washington becomes the first US state to allow citizens to register to vote via Facebook.
“In this age of social media and more people going online for services, this is a natural way to introduce people to online registration and leverage the power of friends on Facebook to get more people registered,” Shane Hamlin, Washington’s co-director of elections, told the Associated Press.
The state has collaborated with Facebook and Microsoft to build an app that lets voters register from right within the social network. Users will also be able to “like” the app to recommend it to their friends.
Washington – not to be confused with Washington, DC, the US capital – is currently one of only 13 states that allow voters to register online. So far, they have been able to do so via the state-run “My Vote” website, and for the most part it has worked out well.
A 2010 study by the Pew Charitable Trusts found that online voter registration was popular in Washington, with nearly all respondents saying they found the system easy to use and that they would recommend it to others. Furthermore, voters who registered online were more likely to actually vote in elections than those who registered using traditional means.
The problem, the Pew study found, was that most Washington voters simply did not know that web-based registration was possible. In 2010, only 27 per cent of registered Washington voters knew about the online system.
Adding Facebook-based registration as a second online option could help get the word out to many more potential voters, particularly younger ones, though whether they will be able to tear themselves away from FarmVille long enough to cast their ballots remains to be seen.
READ THE REST HERE
US Department of State Issues Worldwide Caution
The Department of State has issued this Worldwide Caution to update information on the continuing threat of terrorist actions and violence against U.S. citizens and interests throughout the world. U.S. citizens are reminded to maintain a high level of vigilance and to take appropriate steps to increase their security awareness. This replaces the Worldwide Caution dated January 24, 2012, to provide updated information on security threats and terrorist activities worldwide.
The Department of State remains concerned about the continued threat of terrorist attacks, demonstrations, and other violent actions against U.S. citizens and interests overseas. Current information suggests that al-Qaida, its affiliated organizations, and other terrorist organizations continue to plan terrorist attacks against U.S. interests in multiple regions, including Europe, Asia, Africa, and the Middle East. These attacks may employ a wide variety of tactics including suicide operations, assassinations, kidnappings, hijackings, and bombings.
Extremists may elect to use conventional or non-conventional weapons, and target both official and private interests. Examples of such targets include high-profile sporting events, residential areas, business offices, hotels, clubs, restaurants, places of worship, schools, public areas, and other tourist destinations both in the United States and abroad where U.S. citizens gather in large numbers, including during holidays.
U.S. citizens are reminded of the potential for terrorists to attack public transportation systems and other tourist infrastructure. Extremists have targeted and attempted attacks on subway and rail systems, aviation, and maritime services. In the past, these types of attacks have occurred in cities such as Moscow, London, Madrid, Glasgow, and New York City.
READ THE REST ON THE STATE DEPT’s WEBSITE HERE
Comments »
Bill Ackman Makes a Few Chess Moves
via CNBC.com
Pershing Square Capital Management founder Bill Ackman told the audience at Delivering Alpha that his fund would take an activist role in Proctor & Gamble.
“We’re going to take a hard look to see if we can add any value” to Proctor & Gamble [PG 64.82
0.04 (+0.06%)
], Ackman said.
Perhsing Square, a hedge fund with roughly $10 billion under management, has been a large and active investor in Canadian Pacific Railway [CP 74.88
Earlier in the day, Ackman had told investors in a letter that it sold itsCitigroup[C 27.10
-0.28 (-1.02%)
Ackman revealed that his fund owns $1.8 billion worth of stock in the company.
READ THE REST HERE
Comments »$YUM Brands Reports a 7% Boost in World Wide Operating Profits
eBay Beats on Both Top and Bottom Line, Guidance Light
How The Fiscal Cliff Can FUCK SHIT UP
2 million jobs are expected to be lost if we fall off the cliff. That and other problems could sink us into a new recession…..
Comments »IBM Misses on Revenues, Beats on EPS, and Guides Slightly Higher
“International Business Machines (IBM) this afternoon reported Q2 revenue that missed analysts’ estimates, but earnings per share that beat consensus.
Revenue in the three months ended in June rose to $25.8 billion, yielding EPS of $3.51.
Analysts on average were expecting $26.3 billion and $3.43 per share.
For the full year, the company raised its outlook to EPS of “at least $15.10″ from a prior $15 per share. That is slightly ahead of consensus of $15.05.
IBM shares are up $1.24, or half a percent, at $189.49 in late trading.”
Comments »Hedge Fund Manager Leon Cooperman Delivers ‘Alpha’ Stock Picks
Qualcomm Misses and Guides Lower for Q4
Striker Corporation Posts $0.98 vs $0.99-$SYK
The Bulls Enjoy Another Baked Clam Rally Jackpot
The bulls celebrate another day of upside. Some traders attribute the rally to short covering, but the bulls will take it.
The S&P challenged a resistance level of 1376 and closed just beneath it.
Hopes are building as Spain is set to most likely receive 100+ billion Euros by the end of the week.
We should reach a reversal soon as The PPT has the S&P @ 3.79 and the VIX is nearing 14 which has been a point of sharp reversal. Look for a blow off top in the next few days…..unless we see minor weakness to digest the recent lift. If that happens we may test 1425 S&P.
The clam is fully baked as he does not see a double dip recession. Perhaps the clam should stroll down main street.
If you look at corporate profits there is no problem. However, nearly half of all companies have missed revenue expectation and guidance has been ‘notso good ay’.
Gold continues to be weak, oil reaches for stimulus hopium, and the dollar sees a little weakness.
Today’s rally was led by technology, consumer cyclical, conglomerates, and capital goods.
DOW UP 102
NASDAQ UP 33
S&P UP 9
10 Year Note is @ 1.49%
WTI UP $0.67 @ $89.88
GOLD DOWN $12 @ $1577
[youtube://http://www.youtube.comwatch?v=ZmP-fv3uuV0 450 300] Comments »Fed’s Bernanke: ‘We Don’t See a Double-Dip Recession’
“Federal Reserve Chairman Ben Bernanke spent a second day testifying before Congress on monetary policy and the U.S. economy.
Bernanke’s prepared testimony before the House Financial Services Committee on Wednesday was virtually identical to his presentation to the Senate Banking Committee on Tuesday.
Here are some highlights from the question and answer session during Wednesday’s hearing.”
Comments »UBS Issues Hyperinflation Warning For US And UK, Calls It Purely “A Fiscal Phenomenon”
“Supposedly warnings about the latent inflationary threat posed by simply ridiculous non-financial debt levels (as presented most recently here yesterday), not to mention financial debt (which as MF Global’s rehypothecated implosion demonstrated so vividly can be any number between minus and plus infinity, thank you London “regulators”) from the blogosphere can be ignored ($15 trillion melting ice cube that is shadow bankingwhich also doubles as the best inflationary buffer known to man, notwithstanding). After all, what does the blogosphere know: remember, Libor has been repeatedly proven to not be manipulated, as the mainstream media so strenly claimed year after year after year until it had no choice but to do a 180 and pretend its advertiser paid for lies in the past 3 years never existed. But when these same warnings emanate from the “very serious people” at UBS, economists with a Ph.D. at that, it may be a little more difficult to dismiss them. So here it is: “Hyperinflation Revisited” from Caesar Lack, PhD, economist.”
Comments »Joe LaVorgna’s Favorite Economic Indicator Is Looking Bullish
“We recently published ‘The Most Important Charts In The World’ according to some of the top financial minds.
And Deutsche Bank’s Joe LaVorgna pointed us in the direction of federal deposits. He said he tracks this chart since the federal government is always collection payroll taxes thus giving us a real-time measure of labor market health.
What’s more, unlike most economic data, tax receipts aren’t revised. The latest data for the current quarter shows receipts growing 6 percent year-over-year.
“By no means is the economy booming, but continued labor income growth similar suggests that a recession is not imminent. We will be watching to see if the upcoming employment data corroborate this view.”
Comments »LOCKHEED CEO: We’ll Have To Cut 10,000 Jobs If We Go Over The Fiscal Cliff
Germans Are Buying Stuff With Deutsche Marks Again
“Germans have garnered plenty of economic benefit from the euro over the years as the common currency – fundamentally undervalued in Germany – allowed peripheral European nations to be able to purchase more German exports.
However, a lot of Germans still have a special place for the old German Deutsche mark. Literally – that special place is under their mattresses, and the currency Germany used before transitioning to the euro is starting to resurface again.”
Comments »Gary Shilling: 25 Out Of The Last 27 Times Retail Sales Collapsed Like This We Were In A Recession
“Retail sales have been negative for three straight months. In June they fell 0.5 percent.
And Gary Shilling, told Bloomberg TV that the U.S. economy is already in a recession and that the retail sales numbers signal a recession:
“You look at retail sales there were negative for three consecutive months, April, May, June. That’s happened only 27 times there were first reported in 1947 and in 25 of the 27 it was in a recession or within three months of a recession.”
Comments »Terror Attack At Bulgarian Airport Kills At Least Five Israeli Tourists
“At least five Israeli tourists are dead after a bomb detonated on a bus carrying 44 people at an airport terminal in Bulgaria.
Earlier Bulgarian media reports placed the death toll at seven, but the Bulgarian interior minister said it’s five so far.”
Comments »
