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Comments »Monthly Archives: December 2012
The Dumbest People of 2012
2012 The Real Maya Prophecy
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Comments »High Ranking General Drops Dimes on September 11
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His story has not changed
[youtube://http://www.youtube.com/watch?v=slEM9aaLkYA 450 300] Comments »America Lost: Ninth Circuit Gives the A-OK For Warrantless Home Video Surveillance
You better chill with the animal sex and down low yo…but seriously this is not American full stop!
Comments »WTF: College Education Rises 945% Since 1980 (video)
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Comments »Fucking Insane: Things Americans Petition for on the White House “We The People” Link
Being fat and rich is a great luxury Americans enjoy. Even the poor have it good with $150 sneakers and Obamaphone. At any rate, with too much time on their hands here are some of the nuttiest things Americans petition for…presumably because they have nothing better to do.
Comments »Obamaphone Set to Roll Out in CA (Obamaphone Remix)
Got Brains: Make Your Own Deficit-Reduction Plan
“Unless lawmakers can agree on measures to reduce the deficit, standing legislation will do it for them. Under the “Fiscal Cliff” scenario, the Congressional Budget Office projects a deficit of $142 billion by 2020, or a $1.102 trillion deficit if some tax cuts are extended and other policies remain in effect. Try your hand at balancing the budget by selecting from some options outlined by the CBO: “
Fuck with people’s benefits here
Comments »Top 10 Hybrid Movers
Industry Movers {Weekly Change}
Today’s Top Performing ETFs
11 Secret Documents Americans Deserve to See
“Many documents produced by the U.S. government are confidential and not released to the public for legitimate reasons of national security. Others, however, are kept secret for more questionable reasons. The fact that presidents and other government officials have the power to deem materials classified provides them with an opportunity to use national security as an excuse to suppress documents and reports that would reveal embarrassing or illegal activities.
I’ve been collecting the stories of unreleased documents for several years. Now I have chosen 11 examples that were created—and buried—by both Democratic and Republican administrations and which cover assassinations, spying, torture, 50-year-old historical events, presidential directives with classified titles and…trade negotiations…”
Comments »Twinkie Maker Hostess Diverted Pension Monies for Other Uses
“Hostess Brands acknowledged for the first time in a news report Monday that the company diverted workers’ pension money for other company uses….In November, a judge approved Hostess’ plan to pay $1.8 million in bonuses to 19 executives, according to CNBC….”
Comments »Man Gets Himself Arrested to Get Healthcare
HSBC to Pay a $1.9 Billion Wrist Slap on Failing to Stop Money Laundering
“This may be the world’s largest wrist slap.
British banking giant HSBC, Europe’s biggest bank, is set to pay $1.9 billion to settle accusations that it didn’t do enough to stop money laundering in its branches, the Wall Street Journal reported on Monday. According to the WSJ, the U.S. government could announce the deal as soon as Tuesday.
HSBC’s fine would shatter records for criminal and civil penalties paid by a bank, according to the WSJ. But it would not be more than investors had already expected. The bank on November 5 said it was setting aside $1.5 billion to cover potential penalties and warned it might have to pay a “significantly higher” amount. Reuters reported last week that the bank would likely soon settle for $1.8 billion.
Investors may well cheer the actual number. HSBC stock, which fell slightly on Monday in London trading, has gained 4 percent since the bank’s November 5 warning.”
Comments »November New Car Sales Highest in Nearly Five Years
“U.S. new car sales in November rose 15% year-over-year to a seasonally adjusted annual rate of 15.54 million. Compared with October, sales rose 4.7% to 1.14 million units sold according to data released today by Truecar.com.”
Comments »Paul Singer, One of the ‘Best and Brightest’ Investors, Has a Freddy Kruger on His Left Shoulder Keeping Him Up at Night
“They say this is not massive money printing, but first they are wrong; and second, monetary authorities in the United States did not see the crash coming and the unsoundness of the financial system. In fact, right up until the crash they were saying that nothing like what happened could ever happen… This monetary policy, $3 trillion of bond buying in the United States, $3 trillion in Europe and another $2.5 trillion to $3 trillion in Japan, is unprecedented. … If and when people lose confidence in paper money because of repeated bouts of quantitative easing and zero-percent interest rates—it could happen suddenly and in a ferocious manner in the commodity markets, in gold, possibly in real estate—interest rates could go up at the long end by hundreds of basis points in a very short time. I’m quite concerned as a money manager that we have to manage money, not just for the boundaries of what’s in front of our faces—maybe we’ll have a little tax increase or not, the fiscal cliff, or the stock market might go up or down 10% or 15%—but for a basic shift. The thing that scares me most is significant inflation, which could destroy our society.“
Comments »DSK Said to Have Settled Maid Attempted Rape & Battery Case for $6 Million
FDIC and BoE Agree to Let Shareholders Take Losses in Failing Banks in Order to Protect Tax Payers
“U.S. and U.K. regulators unveiled a plan for dealing with failing global banks that will allow them to fire senior executives as well as force losses on shareholders to protect taxpayers.
“A resolution strategy for a failed or failing globally active, systemically important, financial institution should assign losses to shareholders and unsecured creditors, and hold management responsible,” according to a paper jointly released by the U.S. Federal Deposit Insurance Corp. and the Bank of England in London today.
Global regulators are working on ways to handle the failure of large international banks to avoid another crisis like the one inflamed by Lehman Brothers Holdings Inc.’s bankruptcy in 2008 that led to taxpayer bailouts. BOE Deputy Governor Paul Tucker said the joint paper is a “significant step” toward solving the issue…”
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