Thu Jul 19, 2012 12:58am EST
Doom and fucking gloom.
The weather service says total rainfall at the airport for the 47-day period from June 1-July 17 was just 0.09 inches. The previous record for 0.09 inches over 45 days occurred Aug. 13-Sept. 26, 1908. No measurable rainfall fell this month through July 17, eclipsing July 1901 by one day.
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Wed Jul 18, 2012 6:39pm EST
(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.
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Wed Jul 18, 2012 5:36pm EST
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 0.01 (+0.01%) ] and retailer J.C. Penney [JCP 19.71 0.46 (+2.39%) ].
Earlier in the day, Ackman had told investors in a letter that it sold itsCitigroup[C 27.10 -0.28 (-1.02%) ] shares to help build a stake in Procter & Gamble. Ackman told CNBC his fund owns about $1.8 billion dollars worth of stock in P&G.
Ackman revealed that his fund owns $1.8 billion worth of stock in the company.
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Wed Jul 18, 2012 2:02pm EST
http://www.youtube.com/watch?v=94INAruvOrA
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Tue Jul 17, 2012 11:22pm EST
Hat Tip: @BrokeHerman on Twitter for the story lead…
Senate Majority Leader Harry Reid, D-Nev., and Senate Minority Whip Jon Kyl, R-Ariz., are close to a deal on legislation to legalize online poker while tightening restrictions on other forms of Internet gaming and are seeking Republican support for the agreement, according to Reid and a Democratic aide.
“Here’s the issue, Sen. Kyl and I’ve worked very hard. What we need to do is get some Republican support. That hasn’t been forthcoming yet,” Reid told Tech Daily Dose on Tuesday. He did not elaborate on where negotiations stand, but a Democratic aide said Reid and Kyl are close to a deal and are now trying to solicit GOP support.
The Democratic aide said Reid is looking to his fellow Nevada senator, Republican Dean Heller and Kyl to sell the deal to other Republicans.
Kyl was one of the authors of a 2006 law that aimed to curb online gambling by barring banks, credit card companies and others from processing payments for online bets.
Federal authority over online gambling, however, was tossed into limbo late last year after the Justice Department released an opinion reversing its interpretation of the 1961 federal Wire Act and said it no longer believed the law barred all Internet gambling. In response to state inquiries, Justice said in the memorandum that the Wire Act only applies to sports bets.
READ THE REST HERE AT TECHDAILYDOSE.COM
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Tue Jul 17, 2012 5:50pm EST
Tue Jul 17, 2012 9:33am EST
After a drop in earnings $GS will seek to cut the fat in order to boost profits going forward.
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Tue Jul 17, 2012 8:20am EST
“SAN FRANCISCO (Reuters) – Google Inc’s Marissa Mayer will become Yahoo Inc’s new chief executive from Tuesday, a surprise pick for its third CEO in a year.
Mayer’s hiring, which edged out front-runner and acting CEO Ross Levinsohn, signaled the Internet company is likely to renew its focus on Web technology and products rather than beefing up online content.”
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Mon Jul 16, 2012 11:51pm EST
Mon Jul 16, 2012 11:24pm EST
Sorted by technical strength.
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Mon Jul 16, 2012 11:12pm EST
WALTONVILLE, Ill. | The nation’s widest drought in decades is spreading, with more than half of the continental United States now in some stage of drought and most of the rest enduring abnormally dry conditions.
Only in the 1930s and the 1950s has a drought covered more land, according to federal figures released Monday. So far, there’s little risk of a Dust Bowl-type catastrophe, but crop losses could mount if rain doesn’t come soon.
In its monthly drought report, the National Climatic Data Center in Asheville, N.C., announced that 55 percent of the country was in a moderate to extreme drought at the end of June. The parched conditions expanded last month in the West, the Great Plains and the Midwest, fueled by the 14th warmest and 10th driest June on record, the report said.
Topsoil has turned dry while “crops, pastures and rangeland have deteriorated at a rate rarely seen in the last 18 years,” the report said.
The percentage of affected land is the largest since December 1956, when 58 percent of the country was covered by drought, and it rivals even some years in the Dust Bowl era of the 1930s, though experts point out that this year’s weather has been milder than that period, and farming practices have been vastly improved since then.
In southern Illinois, Kenny Brummer has lost 800 acres of corn that he grows to feed his 400 head of cattle and 30,000 hogs. Now he’s scrambling to find hundreds of thousands of bushels of replacement feed.
“Where am I going to get that from? You have concerns about it every morning when you wake up,” said Brummer, who farms near Waltonville. “The drought is bad, but that’s just half of the problem on this farm.”
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Mon Jul 16, 2012 10:56pm EST
More bad news for California’s future retirees: Their pension fund is not growing fast enough to honor its future obligations. And who will make up for the low growth? The Californian tax payer.
The return for the 12 months through June 30 marks the third time in the past five years that it has failed to reach the 7.5 percent threshold needed to meet projected obligations. When Calpers underperforms, the state and its municipalities must make up make up the difference. The state will see its costs rise next year and local governments the following year, the fund said in statement.
Read the rest here.
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Mon Jul 16, 2012 8:28pm EST
Supposedly just a small overlap until they can move one back out. Until they cancel, that is.
The Pentagon is sending an aircraft carrier to the Middle East several months early to make sure two will constantly be present in the troubled region.
There are two aircraft carriers in the area currently, but one was scheduled to leave before its replacement arrived.
Defense Department press secretary George Little says the USS John C. Stennis will be sent by late summer to fill the gap that would have occurred.
Questioned about whether the deployment is a response to problems with Iran or perhaps the violence in Syria, he declined to be specific.
Little said the need is “not about any one particular country or any one particular threat.”
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Mon Jul 16, 2012 10:52am EST
“DETROIT (AP) — Ford Motor Co. is recalling more than 10,000 redesigned 2013 Escape SUVs to fix carpet padding that could get in the way of braking.
Ford says that wrongly positioned carpet padding could reduce space around the pedals and cause drivers to hit the side of the brake pedal when switching from the accelerator.”
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Mon Jul 16, 2012 10:47am EST
“(Reuters) – Just hours after General Motors (GM.N) abruptly fired Karl-Friedrich Stracke as chief executive of Opel last week, industry observers were already beginning to ask whether it was time to start writing the troubled European unit’s epitaph.
Since GM emerged from bankruptcy three years ago, Opel has racked up $3.5 billion in underlying losses thanks to an ever shrinking European car market, a bloated fixed cost base and an image that GM has helped bring low.”
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Mon Jul 16, 2012 7:55am EST
$NOK has cut the price of their smartphone in half in order to stem losses elsewhere.
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Sun Jul 15, 2012 7:53am EST
“Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of the settlement, announced late Friday, stores from Rite Aid to Kroger will be allowed to charge customers more if they pay using a credit card.”
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Sun Jul 15, 2012 7:23am EST
Yet another blow for RIM….
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Sun Jul 15, 2012 12:36am EST
“I’ve never seen anything like it,” said Lt. Mike Monsrud of the Fridley Police Department. “Where someone breaks into someone’s house, changes the locks and then starts doing home repairs on the house, which makes this case even more bizarre.”
The owners called police.
When officers went into the home and found the woman in the closet, they say she refused to come out.
“She would not speak to officers at all,” Monsrud said. “The only thing she would keep repeating is that she’s a female and that we don’t have a right to touch her.”
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Sun Jul 15, 2012 12:29am EST
Things are getting so rough in the Big Apple that even toddlers are getting mugged.
A cruel thug ripped a $400 gold chain off the neck of a 3-year-old boy who was sitting in his stroller and being pushed by his mom in Bedford-Stuyvesant in Brooklyn on Tuesday, law-enforcement sources said.
The crook and an accomplice attacked tot Harvey Hernandez in the lobby of his family’s Malcolm X Boulevard apartment building at 11:45 p.m. after following him, his teenage brother and mom Riyana Guerrero home from a Laundromat.
“I was screaming ‘Let go of my baby! Let go of my baby!’” the mom told The Post in Spanish yesterday.
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