Saturday, July 31, 2010

Drew Carey Loses 80 Pounds No Longer Diabetic

CNN

Sharpton:Corporations 'Owe' Ad Dollars To Black Newspapers

The Weekly Challenger

President Obama on The View

You Tube

More on the ADA’s 20th Anniversary

Carpe Diem

Dems won’t repeal 1099 provision in ObamaCare

Hot Air

Federal judge taken off case for 'hostility' toward prosecution

The Chicago Sun-Times reports:
A federal appeals panel took the incredibly unusual step of pulling a federal judge off of a case in the middle of a trial because the judge showed unwarranted "anger and hostility'' toward prosecutors, the panel said Friday.

And it was not just any judge, but James Holderman, chief judge for the Northern District of Illinois.
Should Holderman be impeached?

Pink Floyd Backs Iranian Protest Song

Gateway Pundit

$435,203 For Suburban Chicago Park District Employee To Pad Pension

The Chicago Tribune reports:
As the economy was taking a historic nosedive, parks officials in Highland Park were paying three of their executives far more — $435,203 in one case — than anyone in similar posts across the suburbs, the Tribune has found.

Parks officials in the northern suburb say it was a good use of taxpayer dollars, even though the off-the-charts spending spree included giving the three executives nearly $700,000 in bonuses while paying one of them $185,120 for no work and signing over an SUV to him as he left town.

The Park District acknowledges it did so, in part, to pad the executives' pensions, a practice pension officials say is wrong. The district's 58-year-old former executive director is now paid more in retirement — $166,000 a year — than he was typically paid to run the agency.
Just a reminder, property owners in Highland Illinois pay some of the highest property taxes in America. For this. What a scam. Eventually, federal taxpayers will be asked to bailout this. Just a reminder.

Private Company Cleans Up on Chicago Parking Meter Deal

Chicago News Cooperative

FBI File: Historian Howard Zinn Active Member of Communist Party

Accuracy in Media has the news on committed communist Howard Zinn's FBI file being release:
Although Zinn denied being a member of the CPUSA, the FBI file discloses that several reliable informants in the party identified Zinn as a member who attended party meetings as many as five times a week.
The FBI has this message up on their website about popular historian Howard Zinn:
On July 30, 2010, the FBI released one file with three sections totaling 423 pages on Howard Zinn, a best selling radical historian, teacher, playwright, and political activist.

Zinn was born in Brooklyn, New York and died at the age of 87 on January 27, 2010. As a young man he worked as a shipyard hand and served in the U. S. military as a bombardier during World War II. Returning from the war, he became involved in a number of left-wing political causes, some of them associated with the activities of the Communist Party of the United States (CPUSA).

In 1949, the FBI opened a domestic security investigation on Zinn (FBI File # 100-360217). The Bureau noted Zinn’s activities in what were called Communist Front Groups and received informant reports that Zinn was an active member of the CPUSA; Zinn denied ever being a member when he was questioned by agents in the 1950s.
No word yet from Matt Damon on this one.

America's Cleanest Cities

Forbes

NYC Health Department To Eat Away at the Profits of NYC Restaurants

LRC Blog

Obama to auto-workers: If GOP had had its way, your jobs would be gone



The Washington Post has Obama defending government ownership of car companies and attacking those who don't believe in socialism:
I don't think they'd be willing to look you in the eye and say that you were a bad investment. They might just come around if they were standing here and admit that by standing by a great American industry, and the good people who work for it, that we did the right thing. It's hard for them to say that. They don't like admitting when I do the right thing.
Consumers didn't like GM and Chrysler cars but Barack Obama thinks the unfit deserves to survive by government ownership. What GM couldn't achieve in car sales they got with there the ability to plunder the taxpayers. How many more companies in the S&P 500 does Obama want the government to own? John Dingell's wife might be the most important political whore in American history.

OMB nominee got $900,000 after Citigroup bailout

The Washington Times

Friday, July 30, 2010

Jan Schakowsky: Charles Rangel is “my leader”

Illinois Review has radical Rep. Jan Schakowky explaining on March 20, 2010 how ethically challenged Charles Rangel is her leader. Jan says at the 6:46 marker :"I love you" to Charlie Rangel. In fairness to Jan, it's not like Charlie Rangel is a mafia figure.

Obama ate alone at fund-raiser dinner

The New York Post reports:
The big spenders who shelled out $30,400 a head for dinner with President Obama at the Four Seasons restaurant and at Anna Wintour's house didn't actually break any bread with him.

After starting Tuesday night at a dinner for 60 high-rolling Democratic supporters hosted by hedge-fund billionaire Marc Lasry, Obama headed to a private room at the Four Seasons to wolf down steak, potatoes and broccoli with two aides before heading to Wintour's Greenwich Village home.

Obama arrived at the Four Seasons at 5 p.m. Spies said he gave a short speech and schmoozed with 60 attendees, including Lasry and Joan Ganz Cooney, wife of Blackstone Group's Pete Peterson, and ex-Martha Stewart CEO Sharon Patrick, sitting briefly at each table before dining alone.

Obama likes funding his campaigns from the well to do: but doesn't want Citizens United to be able to speak.

The Web's New Gold Mine: Your Secrets

The Wall Street Journal

Black lawmakers irate over Emanuel's $1.5 billion promise to Sen. Lincoln

The Hill reports:
African-American lawmakers are irate that the Obama administration has promised Sen. Blanche Lincoln (D-Ark.) $1.5 billion in farm aid while claiming it can’t pay a landmark legal settlement with black farmers.

Six members of the Congressional Black Caucus wrote to President Obama on Thursday calling on him to find a way to compensate black farmers who suffered discrimination in government loan programs during the 1980s and 1990s.

Democrats Take Lobbyist Cash as Obama Knocks Special Interests

Bloomberg

Linda McMahon's world of wrestling

Politico

Dey rapin!

What Ever Happened to the Constitution?

Mises Audio has Judge Andrew Napolitano's lecture yesterday.

Why Democrats Are Pushing the $165 Billion Union Pension Bailout

Big Government

Democrats race Republican Party to health 'repeal' new 1099's over $600

Politico

CBS Promises to Add More Gay Characters to its Shows

Michelle Malkin

Jewish group opposes ground zero mosque

The New York Post

Government Uses Andy Griffith to Pitch Medicare Changes

Breitbart T.V.

Obama at Government Owned Car Companies: 'You have proved the naysayers wrong'



The Detroit Free Press

Speaker defends troubled majority

Politico

Unemployment: Under 5% in 2006, the DJIA over 12,000

Ed Driscoll

Aetna CEO: Heath Care Costs to Rise From ObamaCare

GOP Lawmakers Want Explanation of Draft Memo on Amnesty for Thousands

Fox News

Recovery loses speed as consumers turn cautious

AP

Homes keep falling into foreclosure as programs fail to help

McClatchy

Demographic Time Bomb

PIMCO

Speaker defends troubled majority

Politico

Unlikely Defender: MSNBC’s Matthews Emphasizes Breitbart’s Inclusion of Redemption Language in Sherrod Video

Breitbart T.V.

World's Richest Man: U.S. Losing its Edge

Forbes

China Becomes Second Biggest World Economy

CNBC

ACLU slams Obama's security policies: Cites failure to halt Bush tactics

The Washington Times reports:
The ACLU on Thursday excoriated President Obama for continuing the Bush administration's strictest national security policies, including indefinite detention, military commissions and a "targeted kill" program that authorizes the government to take out suspected terrorists anywhere.

Porn industry exploits iPhone 4 feature

The San Francisco Chronicle

In business, Chicago Blackhawks colors are more red than black

The Chicago Tribune

Is an Internet sales tax coming?

The Washington Post

Agencies plan spending spree to implement Wall Street reform bill

The Hill

Kerry's wealth was long in coming and not always carried comfortably

The Boston Globe

Kerry says he always intended to pay tax: Declares he has not yet taken final ownership of yacht

Thursday, July 29, 2010

New York carpenters union head pleads guilty to racketeering charge

The Washington Examiner

Economics of the Public Sector

Thomas J. DiLorenzo's audio lecture:
How Austrian economics is used to analyze the effects of government spending, borrowing, and bureaucratizing. Recorded 29 July 2010 in Auburn, Alabama.

First in the Nation Referendum on Obamacare: Yes on Prop C

Gateway Pundit

Don't Let a Resume Gap Keep You Jobless

Laura Rowley

Gibbs Defends Government Ownership of Car Companies

Eye Blast

New exhibition exposes Nazi eugenics program

Pioneer Press reports on the new eugenics exhibition. Here's the story from exhibition curator Susan Bachrach:
she found some American institutions such as the Museum of Natural History in New York and the Mayo Clinic in Minnesota to be uncooperative during her research. These institutions signed onto eugenics theory at one time and would rather forget their history, she said.

"When it comes to eugenics, there's a huge whitewash that continues to go on," she said. "The United States was very strong in the eugenics movement and that can be seen in state sterilization laws."

"Deadly Science" covers much of this ground and a lot more. As long ago as 1927 and as far away from Germany as Virginia, Carrie Buck was sterilized after the U.S. Supreme Court upheld a Virginia law allowing sterilization of persons judged to be "feebleminded."
Here's more on the American aspects of this.

League of California Cities pushes for public disclosure of salaries

The Sacramento Bee reports:
Officials with the League of California Cities said today they are interested in crafting state legislation that would require information on the pay of all highly-compensated public officials on the state and local levels to be made easily available to the public.

Lose Your Job? You May Lose Your Friends, Too

The Wall Street Journal

Arizona immigration protesters hit the streets

The L.A. Times

Californians Prefer Davis Over Schwarzenegger

Political Wire

Hoyer's prediction: Under 28 losses

Politico

Foreclosures Surge in Most Big Cities as Home Crisis Spreads

Newsmax

Mexican Flag Flies as Dozens Arrested at Illegal-Immigration Law Protests

Breitbart T.V.

Ethics Trial for Rangel Looms as House Panel Details Charges

The New York Times

Hillary Clinton still begging supporters to retire campaign debt as Clintons spend $3-$5 million on daughter’s wedding

The Washington Examiner

The Theory of Political Entrepreneurship

Mises Audio has Professor Thomas J. DiLorenzo's lecture on profiting from politics.

Illinois Probably Raise Income Tax 67% From 3% to 5%, Budget Director Says

Bloomberg

Chelsea Clinton's 'father-in-law' lives down criminal past

The New York Post

Blagojevich jury's first question: Can we have a transcript of the prosecution's closing argument?

The Chicago Sun-Times

Bob Beckel Calls Breitbart a Bigot

Breitbart T.V.

Obama Takes On Critics of Education Plan

The New York Times

Americans Cut Back on Visits to Doctor

The Wall Street Journal

Ousted USDA employee Sherrod plans to sue Breitbart

AP

‘The sleeping giant’: Conservatives gaining force online

The Daily Caller

Owe The IRS? Watch Out For Stray Liens

Forbes

Sheriff Joe Arpaio: I'll Enforce Arizona's Immigration Law

Newsmax

Does Medicaid Kill?

The Atlantic

Fed Member’s Deflation Warning Hints at Policy Shift

The New York Times

Blagojevich trial: Jury sends note out from deliberations

The Chicago Sun-Times

If Federal Law is Supreme Law, How Did Chicago Become a “Sanctuary City”?

The Chicago Daily Observer

U.S. citizens between 18 and 42 years of age required to do national service under new bill

FTO

Murray Rothbard as Academic Role Model

Mises Audio has Gary North's lecture yesterday on Murray Rothbard.

Obama Mocks Polls But Spends More On Them ($4.4M) Than Bush Did

The Huffington Post

Land Use and Real Estate Bubbles

Yglesias

Political operatives on Journolist worked to shape news coverage

The Daily Caller

Drew Carey is half the man he used to be as he debuts new slimline look

The Daily Mail has Drew Carey's new look.

Taxes: A Defining Issue

The Wall Street Journal

How Americans’ Shifting Political Ideologies Threaten the Democrats

The New Republic

Video: University makes diploma contingent on supporting gay rights?

Hot Air

Arizona immigration law SB 1070 - Judge blocks some sections

The Washington Post

New Rules for Schools

Reason

Senators DeMint and Brownback Open to GOP Filibusters to Force Hearing on Medicare Chief

CNS News

Journolist, day 7: Setting up the post-debate spin

Hot Air

Amazon Launches Cheaper, Wireless-Only Kindle

Fox News

Teachers Union, The NEA, Recommends it’s Members Read Saul Alinsky’s “Rules For Radicals”

Gateway Pundit

Did Bush Sr. Kill Kennedy and Frame Nixon?

David Swanson

In Roosevelt Archive, History as He Made It

The New York Times

Hacker finds a way into ATM computers

The San Francisco Chronicle

Fannie Mae and Freddie Mac Reform Conference Set

Housing Predictor

The More Expensive Steel Caucus

The Wall Street Journal

Facebook users published online

MSNBC reports:
The personal details of 100 million Facebook users have been collected and published online in a downloadable file, meaning they will now be unable to make their publicly available information private.

A bleaker outlook for economy into 2011

AP

FBI backs record-keeping on prepaid cell phones

Cellular-news

Wednesday, July 28, 2010

OMB nominee got $900,000 after Citigroup bailout

The Washington Times

New Rules for Schools

Reason

Chris Matthews Verbally Attacks Conservative Guest on Air

Breitbart T.V.

A City Embroiled in Corruption: The larger context of the voter-intimidation case points to a city of corrupt politics.

The National Review

Hundreds of FBI agents investigated by Justice IG over cheating on surveillance rules test

The AP

Al and Tipper Gore: 25 Years Later, Dee Snider Gets the Last Word

Big Hollywood

BREAKING: Federal judge blocks Arizona immigration law

The Washington Examiner

Funding electrics is a battery-dead idea

The Sacramento Bee

Greek Villas Get 45% Markdowns as Crisis Devalues Island Homes

Business Week

Court Upholds Expulsion of Counseling Student Who Opposes Homosexuality

Fox News

Republican Governor’s Ad Comes Out Swinging

Gateway Pundit

14 Weeks from Republican Governors Association on Vimeo.

Nurse suspended after having sex with critically ill patient waiting for heart and lung transplant

The Daily Mail

Illinois Senate: Giannoulias (D) 43%, Kirk (R) 41%

Rasmussen

President Visits New York but Wall Street Isn't at Home

The Wall Street Journal

Journolist's Eric Alterman Explains His Nascar "Retard" Statement

Journolist member Professor Eric Alterman explains his infamous comment about Nascar fans:
I don’t have anything at all against people who like Nascar, (though even the concept of how such a thing could be enjoyable, admittedly, continues to elude me). People can like whatever they want, as long as it doesn’t hurt anyone. To the degree that I do have an objection to Nascar, it is ecological.

What I objected to, and what I’ve written about frequently—and would have been understood, I imagine, by most of the people in that private, off-the-record conversation—was the putatively liberal mainstream media treating the folks who like Nascar as “real Americans” and the rest of us who like jazz, foreign films, and prefer pinot noir to Budweiser as un-American commies who should have no say in our country’s future. This is why I am always defending New York, academics, the Upper West Side, even Zabar’s which always appear to be fair game with the So-called Liberal Media.
Professor Alterman doesn't mind criticizing the Nascar fans who pay taxes to subsidize his job.

Our Divisive President

The Wall Street Journal

Health insurers win concession on kids' coverage

The Washington Post

Gen Y: No jobs, lots of loans, grim future

MSNBC reports:
They are perhaps the best-educated generation ever, but they can’t find jobs. Many face staggering college loans and have moved back in with their parents. Even worse, their difficulty in getting careers launched could set them back financially for years.
Yet, the education establishment encourages more people to go in debt for a college degree.

SEC Says New FinReg Law Exempts It From Public Disclosure

Fox Business News reports:
Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission
no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act.

The law, signed last week by President Obama, exempts the SEC from disclosing records or information derived from "surveillance, risk assessments, or other regulatory and oversight activities."
Is this to hide the SEC's failures? As you can see, Obama is a man of state command and control.

Albany’s Two Payrolls: One Is Anybody’s Guess

The New York Times reports:
As Gov. David A. Paterson calls lawmakers back to work on the budget this week, he has announced that the fiscal situation is so serious that he must begin laying off state workers. But there is one wrinkle, as officials try to pare government spending: No one knows for sure how big the state work force actually is.

That is because the state has not one but two public payrolls.

One is controlled by the governor, encompassing about 131,000 employees, who toil for agencies like the Health Department, the parks department and the Department of Motor Vehicles. That payroll has shrunk by about 25 percent in the last two decades — so has the much smaller legislative payroll — and usually shoulders the brunt of layoffs.

The other lies beyond the direct control of the governor and includes perhaps 163,000 more workers employed by independent public authorities and agencies — though that number is an estimate, because not all authorities have been reporting their payrolls to a central state registry. And projections of state employment by the federal government do not always match the state government’s figures. The work force beyond the governor’s control has largely bucked the statewide retrenchment, according to a review compiled by The New York Times.

That is particularly true of some of the largest public employers. The State University of New York has grown by 14 percent over the last two decades, while the Metropolitan Transportation Authority, which serves a dozen counties, has seen its work force rise by about 5 percent. The state judiciary has increased by 31.6 over that period.
This is not a small matter. It's impossible to have accountability when so many government workers are taken outside politics. Here is a major legacy of the progressive movement. Government is expanded by off budget financing with little executive branch or legislative control.

Illinois prepaid college tuition program loses big on ShoreBank investment

Crain's Chicago Business reports:
The state's prepaid college tuition program is caught in the downward spiral of ShoreBank.

The Illinois Student Assistance Commission, which manages $1 billion invested for the college educations of Illinois students, has written off all but $2 million of a $12.7-million investment it made in ShoreBank two years ago, just before the South Side community lender hit the skids. That stake, which made the prepaid tuition program ShoreBank's largest shareholder, was the agency's first and only direct investment in a privately held company.

The $10.7-million loss, though modest in the context of a $1-billion fund, could turn up the already considerable political heat on the monthslong effort to save ShoreBank from failure. Congressional Republicans have questioned whether the Obama administration pressured big Wall Street banks into rescuing the lender.
No word yet from Robert Creamer on this one.

War Against White Males: Feds demand diversity on Wall Street

Politico reports:
A little-noticed section of the Wall Street reform law grants the federal government broad new powers to compel financial firms to hire more women and minorities — an effort at promoting diversity that’s drawing fire from Republicans who say it could lead to de facto hiring quotas.

Democrat Ad: Tea Party and Republicans One and the Same

You Tube

The Hill's 50 Most Beautiful People 2010

The Hill has their list of the most beautiful people. Ethical Congressman Jesse Jackson Jr. makes the top 10.

Bloomberg hints the party's over for Rangel's 80th-b'day gala

The New York Post reports:
It might not be much of a birthday party after all.

Mayor Bloomberg suggested yesterday that Rep. Charles Rangel's gala 80th birthday party and fund-raiser -- long planned for Aug. 11 at The Plaza hotel -- may not be happening in light of the Harlem Democrat's ethical problems.

Schools, city stare into abyss

San Diego Union Tribune reports:
The San Diego Unified School District and city of San Diego are struggling to find a way to end chronic budget shortfalls that have plagued them in recent years and are projected to continue into the future. Deficits in past years have been closed with increasingly painful cuts, funding shifts and one-time measures. Both the school board and City Council are moving toward possible solutions they hope will bring long-lasting answers to their problems.

Women Dominate Men in 7 of 10 Graduate Fields, and Women Are Gaining on Men in All 10 Fields

Carp Diem

Obama adviser advocated "de-developing" U.S.

The Washington Examiner

Muni Fund Managers Stand Pat: Plan Ahead for A Rise in Rates

The Bond Buyer reports:
Buoyed by the strength of the long-term municipal market over the past 18 months, mutual fund assets have climbed to record levels, and portfolio managers have had little need to make major changes to their current investment strategies.

“At this point, we see little risk of rising rates given the sovereign conditions globally,” said Gary Madich, chief investment officer for fixed income at JPMorgan Asset Management in Columbus, Ohio.

“We see the [Federal ­Reserve] on hold until late this year or early next year due to low inflation, improving — but weak — employment conditions, and weak housing markets,” he said.

Uni-Tea 13: Famous TV and Radio Personalities unite at one giant, free, outdoor event SAT/JULY 31, 2010

The big event event Saturday.

Breitbart Gets Full Hearing on ‘Savage Nation’

Breitbart T.V.

Why Are Banks Withholding Highend Repossessions Over $300,000 From the Market?

The Real Estate Channel

Time to wind down Fannie Mae and Freddie Mac

The Dallas Morning News

Cops: Hospital worker stole rings off body

The Chicago Sun-Times

Tuesday, July 27, 2010

Ex-Regulators Get Set to Lobby on New Financial Rules

The New York Times reports:
As the battle over toughened financial restrictions moves to a new front, the regulatory agencies that will create hundreds of new rules for the nation’s banks will face a lobbying blitz from companies intent on softening the blow. And many of the lobbyists the regulators hear from will be their former colleagues.

Nearly 150 lobbyists registered since last year used to work in the executive branch at financial agencies, from lawyers for the Securities and Exchange Commission to Federal Reserve bankers, according to data analyzed for The New York Times by the Center for Responsive Politics, a nonpartisan research group.

In addition, dozens of former lawyers for the government, who are not registered as lobbyists, are now scouring the financial regulations on behalf of corporate clients.
Rent seeking gone wild.

Economic Warnings From Two Respected Analysts

Gary North

Democrats Confirm More House Seats in Play

The New York Times

Fired Washington Post Journolist David Weigel Hired By Washington Post's Slate

Outside the Beltway reports on Slate's new hire, fired journolist David Weigel. It's all one big , happy Washington Post family. Journolist Matt Yglesias says the :
Washington Post company is managed by idiots
Slate isn't bothered by David Weigel's journolist e-mails. Everyone at Slate is a registered Democrat in good standing.

GE pays $23m after Iraq probe

The Financial Times reports:
General Electric has agreed to pay $23.5m to settle allegations from US regulators that its subsidiaries bribed Iraqi officials to win contracts under the United Nations Oil for Food Programme between 2000 and 2003.

The settlement with the Securities and Exchange Commission is the second in as many years for GE. Last year, the company agreed to pay $50m to resolve charges of accounting fraud relating to hedging activities in 2002 and 2003.
No word yet from the MSNBC-Obama cheerleaders on this one. We'll bet Eric Holder will not indict anyone on this.

Blago's lawyer calls ex-governor foolish but not corrupt

The Chicago Tribune

Anger at Overpaid Government Officials in Bell , California

Still the Butcher After All These Years

The New York Times has a story on the legendary Abdullah the Butcher.

Miami-Dade police union fires back over report on cops' moonlighting

The Miami Herald reports:
The police union has filed suit in an attempt to stop the county's Office of Inspector General from investigating cops following a tough report on county police officers working second jobs as private consultants in Panama.

Rep. Barney Frank causes scene demanding discount

The New York Post

Lawsuit against Bell suggests voter fraud in 2009 election

The L.A. Times reports:
A lawsuit filed Monday by a former Bell police officer makes a variety of serious allegations about city officials and suggests voter fraud in a 2009 election.

According to the lawsuit, filed by James Corcoran, off-duty police officers in Bell distributed absentee ballots in a 2009 municipal election and told would-be voters which candidates to support.

The former police sergeant alleges in the suit that he was forced out of his job of 25 years in retaliation for informing state and federal authorities about the officers’ actions and reporting alleged misconduct involving City Administrator Robert Rizzo and other city officials.
Theft through voting!

Obama religion adviser linked to unindicted co-conspirator

WorldNetDaily reports:
A religion adviser to President Obama has close ties to a radical Muslim group that was an unindicted co-conspirator in a scheme to raise money for Hamas.

The group, the Islamic Society of North America, or ISNA, has an extensive relationship with the Obama administration.

Why Some Republicans Want to ‘Restore’ the 13th Amendment

Newsweek

Dodd: No Recess Appointment For Warren, Who Still May Not Be Confirmable

TPM

BP taking $10 billion tax credit from Gulf spill

Martketwatch

More Job-Seekers Hitch Ride on Asian Economy

The New York Times

Elton John's choice words for boycotting musicians

The Arizona Daily Star

Will Public Unions Force California Into Receivership?

Here is a most educational video. You'll want to watch this one, twice.
Full Disclosure

Appeals court concludes NYC will lose fuel fight

The New York Post reports:
A federal appeals court has rejected New York City’s latest attempt to force taxicab owners to buy fuel-efficient hybrids.

The Manhattan federal appeals court issued the ruling Tuesday. It found new rules created by the city directly regulate fuel efficiency in taxis even though federal laws already do that.

State budget gaps to total $84 billion for fiscal 2011: study

Marketwatch reports:
State budget gaps are now expected to total $83.9 billion for fiscal 2011, with shortfalls anticipated for the next couple of years, according to a study released Tuesday by the National Conference of State Legislatures.

That bleak assessment contains one ray of good news: The total is slightly less than the estimate in March for an $89 billion gap.

The biggest shortfall to make up may be the reduction in federal aid for medical programs. Congress hasn't approved extending this aid after increasing support as part of last year's stimulus package.

JournoList: Spencer Ackerman Using His ‘If You Oppose Us You’re Racist’ Argument

Breitbart T.V.

Bell official made $700K+ while city laid off workers

The San Francisco Chronicle

Apartment Rentals Surge in U.S. on Foreclosures, Jobs

Bloomberg Business

Lawsuit Claims College Ordered Student to Alter Religious Views on Homosexuality, Or Be Dismissed

Fox News

Justice Dept. parties with tax dollars — arcade games, bowling, and skateboarding

Instapundit

Sam Adam Jr. accuses Barack Obama's transition team of negotiating with Rod Blagojevich

The Chicago Sun-Times reports:
Sam Adam Jr. has just accused President Barack Obama and his transition team of negotiating with Blagojevich.

The offer came from Rod to Tom Balanoff, Adam says. Balanoff brought it to Valerie Jarrett and word came back from Rahm Emanuel through John Wyma. It's a negotiation they were in, he said of Obama and Blagojevich.

"You start high and they come low," Adam said.

Dem leader: No 'secret plan' to move big items in lame-duck session

The Hill

Obama Administration Shrugs Shoulders on Lockerbie Bomber Early Release

The Chicago Daily Observer

How Communist Is China?

Slate

Top Barney Frank aide heading to Treasury

The Washington Post

Dodd-Frank Bill Contains Provision that May Lead to Tracking of All Gold Coins

The Economic Policy Journal

A New War Between The States

New Geography

Ed Rendell Criticizes Obama for Going on 'The View,' Compares it to Jerry Springer

TV Newser

Why Modern Day Liberalism Is Dangerous

The National Review

New MTA hikes are on track

The New York Post

Heroes of Journolist?

The Daily Caller

Al Sharpton Defends Charles Rangel

Dems fear GOP oversight of Obama administration

The Washington Examiner

Tax Revenue Creeps Up, but Can't Fill State Budget Gaps

CNBC reports:
State tax revenue is improving, but only slightly, and may not be enough to end steep spending cuts or replace the loss of assistance from the federal stimulus plan that expires in December, according to a report Tuesday.

The National Conference of State Legislatures said states faced a collective budget gap of $83.9 billion when creating their budgets for fiscal 2011, which for most began on July 1.

Home Prices in 20 U.S. Cities Rise More Than Estimated, Case-Shiller Says

Bloomberg

California's climate change law backer donates $5 million to fight Prop 23

McClatchy reports:
Thomas Steyer, a San Francisco hedge fund manager and a big backer of Democratic candidates, will donate $5 million to a group opposing the ballot measure to roll back California's landmark climate change law.

Steyer, founder of Farallon Capital Management LLC, has joined George Shultz, former U.S. secretary of the state, as co-chairman of the No on 23 committee, giving the group's leadership a bipartisan mix.

End of a 378-year era: Nation’s oldest running family farm put on market in N.H.

The Boston Globe

Obama: My Finances Have Suffered Too

Breitbart T.V.

Obama chides Republicans on campaign finance

The L.A. Times

Journolist's Apology From the Right

Mickey Kaus questions defending Journolist.

Monday, July 26, 2010

New Health Official Faces Hostility in Senate

The New York Times

Un-kosher rabbi gets 27 months for defrauding goverment

The New York Post

America’s system of rail freight is the world’s best. High-speed passenger trains could ruin it

The Economist reports:
the problem with America’s plans for high-speed rail is not their modesty. It is that even this limited ambition risks messing up the successful freight railways. Their owners worry that the plans will demand expensive train-control technology that freight traffic could do without. They fear a reduction in the capacity available to freight. Most of all they fret that the spending of federal money on upgrading their tracks will lead the Federal Railroad Administration (FRA), the industry watchdog, to impose tough conditions on them and, in effect, to reintroduce regulation of their operations. Attempts at re-regulation have been made in Congress in recent years, in response to rising freight rates. “The freight railroads feel they are under attack,” says Don Phillips, a rail expert in Virginia.
An article well worth your time.

Republicans and the U.S. Chamber target new tax-reporting rule in health law

The Hill

Md. judge orders company to pay pension fund $39m

The Washington Examiner

Judge Zagel threatens to hold Blagojevich lawyer in contempt; attorney vows to go to jail

The Chicago Sun-Times reports:
A fiery clash between Rod Blagojevich's lawyer and judge broke out at the end of court, with the judge threatening to hold Sam Adam Jr. in contempt of court if he didn't abide by his ruling and Adam later vowing to go to jail over the dispute.

The jury was out of the room when the clash happened. It ultimately sidetracked the trial for the day and it's back on tomorrow morning.

Zagel told Adam he could not tell jurors in his closing argument that the government had refused to call 35 witnesses named in the indictment, including Tony Rezko, Bill Quinlan and Stuart Levine.

"I don't want to get into the classic mode that if the facts are against you and the law is against you, then attack the opposing lawyer. That's all you're doing," Zagel said. "The fact is, you cannot draw an evidentiary inference from the fact a witness was not called by the other side when you had an equal right to call them."
Blago's team is preparing for an appeal before conviction.

More Racial Healing: Jesse Jackson Wants Black National Anthem

Gateway Pundit

Attorney general issues subpoenas in Bell salary scandal

The L.A. Times

Poll: Most Americans don't trust federal government

Federal News Radio

Minnesota Government Mistreats Ladies

Mises

Storage Facility Auctioning Off Blago's Stuff After He Falls Behind On Payments

TPM

Can NJ keep its pension promises? No way, many officials concede

Asbury Park Press
Jack Curtis was driving with his wife to the grocery store recently when the 63-year-old elementary school principal from Morris County announced they needed to downsize their retirement dreams.

Why? Because the state's pension system is so far in arrears that Curtis doesn't think he can count on it anymore.

The reality of New Jersey's pension system crisis is sinking in.

The numbers are mind-numbing. As of June 2009, the state's pension systems faced unfunded liabilities of $45.8 billion. That number assumed an annual 8.25 percent return on investments, an actuarial standard that many experts are now declaring is unrealistic. In the past decade, the pension system averaged 2.56 percent a year, not nearly enough to keep pace with projected costs.

More pessimistic assumptions about rates of return peg the pension system liability as high as $173.9 billion — not to mention some $55 billion in unfunded health care costs.
This long article is well worth your time. In the future, many will find "democracy" is a God that failed them.

Chris Wallace to Howard Dean: Why are you blaming Fox for what happened to Sherrod?

Migrants sell up, flee Arizona ahead of crackdown

Reuters

Cook County Party Boss and Cook County Board of Review Commissioner Joe Berrios Defends Cook County Practices

Social Security Loses $50 Million a Year in Benefit Overpayment

The New York Times

58% Favor Repeal of Health Care Bill, But 48% Say It’s Unlikely

Rasmussen

The Democratic Fisc : The White House budget office offers a scorecard on Obamanomics.

The Wall Street Journal

Lobbyists call bluff on 'Daschle exemption'

Politico

Chicago FBI Boss Slams Mayor Daley

The Chicago Sun-Times quotes FBI special agent Robert Grant's comments on Mayor Daley:
"Our people ask: What gives with this mayor?" Grant said. "He's always embarrassing his employees. What you need from a mayor is someone who will stand up and set a tone for this city."
Ouch.

Music Labels Try to Catch Porn Industry With Pants Down

ABC News

Gallup: Democrats lose ground in state polls

Hot Air

Villages' let elderly grow old at home

USA Today

Dick Morris: Kirk Will Defeat Chicago Mob Linked Giannoulias in Illinois

Newsmax

Sherrod: "We Must Stop The White Man And His Uncle Toms ..."

Riehl World View

Obama to Appear On ABC's 'The View' On Thursday

Newsmax

San Diego having coolest July in decade

San Diego Union Tribune

Goldman reveals where bailout cash went

USA Today

Former Chicago Mob Lawyer, Illinois Supreme Court Justice Anne Burke Speaks at Saint-Xavier Univeristy

You Tube

Fur and feathers fly as San Francisco weighs ban on pet sales

The L.A. Times reports:
What began as a proposal to ban sales of dogs and cats quickly grew to include birds, hamsters, rats and other small mammals. Shelters and rescue groups could still offer adoptions.

Raw Journolist emails on ‘Palin’s Downs child’

The Daily Caller

Wikileaks takes new approach in latest release of documents

The Washington Post

Mass. State workers feverishly taking sick time...as pol pushes for reform in private sector

The Boston Herald reports:
The nauseating number of state employees banging in ill is compelling one Bay State politician to call for a probe just as the Legislature is set to take up a controversial first-in-the-nation sick-time policy for the private sector.

State Rep. Kay Khan said the clock is ticking on her bill mandating seven paid sick days for everyone - and state workers calling in sick in high numbers is an ill-timed irony.

“It sounds like something that needs to be investigated, certainly if we’re pushing to get this done in the private sector,” said Khan (D-Newton), after being told of the sick-time tally by the Herald yesterday.

“We need more fairness across the board,” she said, adding her bill is in the House Ways and Means Committee and could be up for a vote this week before the legislative session ends Saturday.

A Herald investigation of state worker sick-day use shows executive branch employees averaged 8.1 days a year in 2009 - and are on pace to equal that this year. But many call in sick more than that
Who's to say , in the future, Massachusetts will not mandate 20 sick days or 57 sick days? We need to return to the Lochner era.

Madoff Investors Brace for Lawsuits

The Wall Street Journal reports:
The court-appointed trustee recovering money for Bernard L. Madoff's victims is preparing a wave of new lawsuits seeking to wrest funds away from investors who also were duped by the Ponzi scheme.

In an interview, Irving Picard said he could wind up suing about half the estimated 2,000 individual investors he has called "net winners" from their dealings with Mr. Madoff. Such investors withdrew more from Mr. Madoff's firm than the amount of principal they invested.

"The people who made money, who got more, have made money at the expense of the people who didn't," said Mr. Picard, who has the power under federal bankruptcy provisions to pursue money withdrawn from Bernard L. Madoff Investment Securities LLC before it collapsed in December 2008 and redistribute the funds fairly among victims.

Mr. Picard must file any so-called clawback lawsuits by December, the two-year anniversary of Mr. Madoff's arrest and the filing of regulatory proceedings against him. "We're not going to wait until the last minute," Mr. Picard said.

Rev. Jackson: Breitbart “morally wrong”

Politico reports:
Andrew Breitbart’s posting of the misleadingly excerpted video footage that started the Shirley Sherrod controversy “was morally wrong and created of course a very difficult climate,” the Rev. Jesse Jackson said Sunday.
Should Jesse Jackson (Democrat-Freddie Mac) be talking about morality?

50th-Anniversary Tour Will Be Rolling Stones' Last

The Sun

Bill Gates talks about the Khan Academy: Excerpt from talk at Aspen Ideas Festival [audio]

It all comes down to closing remarks in Blagojevich trial

The Chicago Sun-Times

Van Jones: If US Needs More Money, Just Tax Rich Companies

Breitbart T.V.

Taleb: Government Deficits Could Be the Next 'Black Swan'

Business Week has an article you should read.

The landfill and Blagojevich's fall

The Chicago Sun-Times reports:
It was the feud that helped start it all. In January 2005, then-Gov. Rod Blagojevich ordered state environmental workers to shut down a Will County landfill owned by Frank Schmidt -- a relative of Blagojevich's wife, Patti, and of his father-in-law, powerful Chicago Ald. Richard Mell (33rd).

Blagojevich's administration had accused Schmidt of accepting illegal waste and of "using his ties to the Blagojevich family to solicit" business for an illegal-dumping operation.
You'll want to read this one.

Distrust: As American As Apple Pie

Forbes

Study: Journalists Starting To Accept The Fact That Their Print Publications Will Eventually Fold

Business Insider

The Save A Life Foundation Story: Featuring $850K in Unreported Government Grants

The American Thinker

Liberal WP Reporter E.J. Dianne : The End of the Fox News Era

The New Republic

Journolist debates making its coordination with Obama explicit

The Daily Caller reports on how the leftists in the media worked to help the Obama 2008 narrative.

Ron Paul Quizzes a Monetarist Economist

LRC Blog

The Decline of the Washington Post

The New Yorker

The Gray And The Brown: The Generational Mismatch

The National Journal

LAT's Silly Fear of Deflation

The L.A. Times has a fear of deflation.

Cities View Homesteads as a Source of Income

The New York Times reports on the supply of land going up.

Sunday, July 25, 2010

Pastor Manning Calls For Congress to Have Obama Arrested

You Tube

Health Law Augurs Transfer of Funds From Old to Young

The Wall Street Journal

Daily Kos: Take Legal Action to 'End Organized, Institutionalized Religion'

Newsbusters

Trade association: bottled water making a comeback

The Atlanta Journal Constitution reports:
The bottled water industry, battered by recession and environmental concerns, is applauding the demise of several initiatives that aimed to stop cities and states from buying the product.

The attorney general of Massachusetts, citing procedural errors, voided a decision made last spring at an annual town meeting in Concord that would have banned the sale of bottled water within the town.

In San Francisco, discussion of banning bottled water from all city events has resulted in no real action, the San Francisco Chronicle reported last week. And Virginia Gov. Bob McDonnell nixed a directive from his predecessor that prohibited state agencies from purchasing single-serve bottled water for most official functions and meetings.

White Baby Born to Black Parents

pp

Multisource political news, world news, and entertainment news analysis by Newsy.com

Schakowsky: Want to cut the deficit? Get with our new public option

Raw Story reports:
Rep. Jan Schakowsky (D-IL) said Saturday that serious deficit hawks ought to get behind a new "robust" public option bill that she and more than a hundred other members introduced days ago.

In an interview with Raw Story at the Netroots Nation conference, Schakowsky predicted that a new "focus on deficit reduction" and rising public distrust of the insurance industry would generate stronger support for it among members of Congress.
Since the average federal government worker makes more money than the average private sector worker: Jan Schakowsky is being less than truthful about the public option saving money.

Obama's Aug. 5 Chicago visit: Ford plant, 3 fund-raisers

The Chicago Sun-Times reports:
President Obama is coming to Chicago on Aug. 5 for what is now three fund-raising events to benefit Democrats, adding a visit to the Chicago Ford plant on the Far South Side.

That "official" business at the Ford plant, announced Friday, means the share the Democratic National Committee and the Giannoulias campaign will have to pay to cover the cost of bringing Obama in for the fund-raisers will decrease.
It's always about the dollars with Chicago Democrats.

The Web Means the End of Forgetting

The New York Times

More Hispanic voters are Democrats, but the better Hispanic candidates are Republicans.

Slate

Stronger children's coverage rules may raise insurance costs

The Hill

NYT: Court Under Roberts Is Most Conservative in Decade

The New York Times

Aaron Sorkin toured Harvard's secret clubs for Facebook film

The New York Post

Long recovery ahead for LA mayor

UPI

Democrats are betting that ending tax cuts for the rich will play in their favor

The Washington Post

Sen. Kerry: ‘Ice-Free Arctic, We’re Going to Have One in 5 or 10 Years’

Eyeblast

Former Chicago Mob Lawyer, Ilinois Supreme Court Justice, Anne Burke Gives Pope Advice

Illinois Supreme Court Justice Anne Burke has free advice for the Pope. We think Anne Burke is giving the Pope cheaper advice than these Chicago mobsters got.

L.A. Has Less Public Transit Riders After Spending $8 Billion

The L.A. Times reports:
Los Angeles officials will hold a major event Friday near Staples Center to mark the 20-year expansion of urban rail service in the county and what they see as a dynamic shift that will transform the nation's car capital into a model for mass transit.

But although the region now has a gleaming system of subways and light-rail trains, some transportation experts say the Los Angeles County Metropolitan Transportation Authority's $8-billion effort — less operating costs — has done little to reduce traffic congestion or increase the use of mass transit much beyond the level in 1985, when planning for the Metro Blue Line began.

Rather than bolster ridership, these experts say, the emphasis on rail has come at the expense of the MTA's vast network of buses and may have cost the agency at least 1.5 billion passenger boardings from 1986 to 2006.
Great moments in central planning.

International Anti-Censusism: Canada "To appease the Ron Paul, Tea Party base"

CTV reports on the Tea Party movement gone Canada? No census long forms in Canada. What the video and read the article. The central planners are upset.
New Democrat MP Charlie Angus was more colourful, stating that the Tories had scrapped the mandatory long-form census "strictly out of partisan reasons to appease the Ron Paul, Tea Party base."
Via LRC Blog.

Personal Finance: Short on cash? Pay the sitter via your PC

The Sacramento Bee

Some welcome signs of life from private sector

Michael Barone

Probe may open books at CalPERS

The L.A. Times reports:
California taxpayers are on the hook when the state's giant public pension system — lately plagued by corruption scandals and huge losses — makes a bad investment. Yet they are permitted to see little of what goes into its investment decisions.

Officials at the California Public Employees' Retirement System have shrouded many of their multimillion-dollar transactions in secrecy, refusing to release analyses of potential investments, meeting materials and correspondence relating to venture capital, real estate and other private equity holdings.

Citing privacy laws, they have said the pension fund need not share "any documents that reflect investment recommendations and the process by which investment strategy is decided."

But now, as some current and former officials are being investigated by state and federal authorities in probes of influence-peddling and bribery, CalPERS has hired at least one outside firm to examine whether pension dollars were doled out improperly in deals negotiated out of public view.

Just a reminder for those who want to hand more responsibilities over to the government.

CNN Panelist to Tea Party: ‘We Don’t Think You’re Racist, We Think Your Ideology is Racism’

Breitbart T.V.

After bailouts, new autoworkers make half as much as veterans in same plant

The Washington Post

Union Power In Elections A Question

Fox News

Why Eric Holder Will Not Last

Townhall

Reid to Netroots: "We're Going To Have a Public Option"



The American Spectator reports:
Senate Majority Leader Harry Reid, seeking to console liberal activists who were disappointed by the final version of the national health care law, assured them that there would eventually be a public option.

"We're going to have a public option," Reid said. "It's just a question of when."

Obama Commission Will Call for Trillions in Tax Hikes

Townhall

The story of why they won't stop shooting in Chicago

The Chicago Sun-Times

Boat builders: John Kerry could have created jobs in U.S.

The Boston Herald

A legacy of lax oversight and dubious claims

The Boston Globe reports:
The troubles at the state Probation Department go way beyond patronage. Key programs have gone astray, with bloated budgets and indifferent management; caseload reports are wildly exaggerated; and a culture of secrecy has enveloped it all.

Chicago Mob Linked Senate Candidate Goes to Las Vegas to Meet Left-Wingers

Saturday, July 24, 2010

Jethro Tull: Won't be pressured into canceling planned Israel show

Haaretz

Pelosi calls for liberal activists to help keep Democrats in majority

The Washington Post reports:
House Speaker Nancy Pelosi (D-Calif.) stepped into a convention of liberal activists here Saturday with a blunt appeal: The gates to a progressive agenda have opened under Democratic control, she said, and they will close if Republicans seize power in the fall midterm elections.</blockquote>

Report: Meg Ryan, Dustin Hoffman join Israel boycott

Palestine Note

Quinnipiac Poll Shocker: Young Voters Turn on Obama

The New York Post reports:
Young voters who had been enthralled by Barack Obama's "Yes, we can" message are now saying "Maybe not" -- and are backing away from the president in a worrisome new poll for the White House.

Obama is losing in a match-up against a generic Republican challenger by 37 percent to 34 percent among voters in the 18-34 age group, according to a stunning Quinnipiac University poll released yesterday.

In March, voters in this group approved of Obama by 54 percent to 37 percent.

"The youngest age group may be the most impatient and the most easily disillusioned among all age groups," said Molly Andolina, a youth-vote expert and DePaul University political-science professor.

This is a major sign that November will be a difficult election for Democrats.

Obama's Pre-Recordered Message to Left-Wing Netroots Convention(Video)

TPM

MSNBC's Ed Schultze : "I thought our network did a hell of a job fighting for health care"

The Wall Street Journal

The Founding of the Federal Reserve | Murray N. Rothbard

You'll want to watch Murray Rothbard's lecture ,if you haven't seen it.

Estate Tax Fighter Katrina Vanden Heuvel Tells Us How Important the Estate Tax Is

Wealthy democratic socialist Katrina Vanden Heuvel writes an op-ed in the Washington Post telling us why America needs an estate tax. Yep, this is the same Katrina Vanden Heuvel that doesn't want to pay her fair share.

Documents detail $4.3B in Goldman Sachs payouts

The AP

Skull and Bones Member Senator John Kerry Responds to Avoiding Yacht Tax

Where the jobs are: These 25 counties have experienced the most job growth over the last nine years.

CNN Money has a list of the counties with the biggest job growth the last nine years. As Professor Mark Perry reminds us, 5 of the 7 top job growth counties are in Texas!

Socialist Van Jones: Stop worrying about the deficit. The government can just take more money from rich companies

The Daily Caller

P Street Project to lobby for progressives' agenda

The Washington Post reports:
A progressive grass-roots organizing group is launching a federal lobbying arm Saturday, seeking to leverage the energy of its members to advance liberal policy in Congress.

The P Street Project is an effort by the Progressive Change Campaign Committee to build upon the progressive movement's online organizing of the past few years and move into the business of registered lobbying. The lobby has recently advocated on some issues during a trial run, but will be officially launched here at Netroots Nation, a gathering of 2,100 liberal leaders, bloggers and activists.

Obama Slams GOP Plan, GOP Warns of Tax Hikes

Newsmax

Linda McMahon Targets Women in Senate Campaign Ad

Ad Rules Stall, Keeping Cereal a Cartoon Staple

The New York Times

California school boards group exec retires amid credit-card, pay revelations

The Sacramento Bee reports:
It was a fall from grace for a man who has championed public schools across the state.

Scott Plotkin, executive director of the California School Boards Association, announced his retirement Friday amid revelations he had charged thousands of dollars to a company credit card at area casinos, and according to the most recent tax filings, was drawing annual pay of more than $500,000.


For the children.

Skull and Bones Member Senator John Kerry will pay if ‘taxes are owed’


The Boston Herald reports:
U.S. Sen. John Kerry, the owner of a new, super-luxe 76-foot yacht, is not dodging a six-figure Massachusetts tax bill by docking the Isabel in Rhode Island and will pony up to the state if “any taxes are owed,” a spokesman for the alleged tax-skipping skipper said.

And it appears the senior senator may be on the hook for more than $500,000 in state and local taxes because Kerry tied his toney tub up in Martha’s Vineyard and Nantucket waters within six months of buying her.
Taxes are for little people.

Senate returns $60B stripped out war bill to House

USA Today reports:
In a take-it-or-leave-it gesture, the Senate voted Thursday night to reject more than $20 billion in domestic spending the House had tacked on to its $60 billion bill to fund President Obama's troop surge in Afghanistan.

Instead, the Senate returned to the House a measure limited chiefly to war funding, foreign aid, medical care for Vietnam War veterans exposed to Agent Orange, and replenishing almost empty disaster aid accounts.

The moves repel a long-shot bid by House Democrats earlier this month to resurrect their faltering jobs agenda with $10 billion in grants to school districts to avoid teacher layoffs, $5 billion for Pell Grants to low-income college students, $1 billion for a summer jobs program and $700 million to improve security along the U.S.-Mexico border.

Caught red-handed: Bad boy Hugo Chavez is up to his eyeballs in narcoterrorism

The New York Daily News reports:
The Colombian government has presented evidence that Venezuelan dictator Hugo Chavez is playing host to as many as 1,500 narcoterrorist guerrillas in camps near the Colombian border.
No word yet from Oliver Stone.

Obama urges vote for small business

The Philadelphia Inquirer

The Young and Jobless : New evidence that the minimum wage has hurt teenage workers.

The Wall Street Journal reports:
Today marks the first anniversary of Congress's decision to raise the federal minimum wage by 41% to $7.25 an hour. But hold the confetti. According to a new study, more than 100,000 fewer teens are employed today due to the wage hikes.

Economic slowdowns are tough on many job-seekers, but they're especially hard on the young and inexperienced, whose job prospects have suffered tremendously from Washington's ill-advised attempts to put a floor under wages. In a new paper published by the Employment Policies Institute, labor economists William Even of Miami University in Ohio and David Macpherson of Trinity University in Texas find a significant drop in teen employment as a direct result of the minimum wage hikes.

The wage hikes were implemented in three stages between 2007 and 2009, and not all states were affected because some already mandated a minimum wage above the federal requirement. But for the 19 states affected by all three stages of the federal wage increase, "there was a 6.9% decline in employment for teens aged 16 to 19," write the authors. And for those who had not completed high school, "we estimated that the hikes reduced employment by 12.4%," which translates to about 98,000 fewer teens in the work force.
Some politicians really don't care about high unemployment.

Key Mexican official among 43 charged in drug case

San Diego Union Tribune

Bloomberg Tries To Stop Hedge Fund Exodus Out of New York

The New York Post reports:
Mayor Bloomberg blasted Albany leaders yesterday for trying "to kill the golden goose here" by pushing a tax that would drive hedge funds out of the state -- as he quietly called key Wall Street figures to plead with them to stay.

"When people say, 'Oh, the rich, they've got more money. We can tax more of them' -- they're going to move," Bloomberg told reporters.

"You can't just keep going to taxing more. It doesn't work."

Bloomberg was reacting to The Post's disclosure yesterday that Connecticut Gov. Jodi Rell is brazenly trying to poach hedge-fund managers by inviting them to an "intimate" dinner to discuss moving to the lower-taxed Nutmeg State.

Taxes have consequences.