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Update: SIX Flagging

Dan Snyder’s belly-uppish theme park chain, Six Flags, took yet another fiscal knee to the naughties from Wall Street analysts ... deeper into junk status” because of “concerns about a potential future default,” says a Forbes’ report. Snyder’s company is more than $2.2 billion in debt, and according to the report, two notes totaling [more...]

Date: 2008-09-26 13:40:37

Blog posts (111) | Videos (32)

Is Bush Tanking Stocks to Grab the Remaining $350 Billion TARP? Remember the much decried end-of-Clinton- era pardons, the most controversial of which involved tax cheat and storied trader Marc Rich? Well, if I am reading the tea leaves right, those shenanigans pales compared to the nonsense Bush is trying to pull in his last week in office [more...]

Date: 2009-01-13 21:43:00

Blocking, Tackling & Running: Leveraging a Crisis Into Real Change

There's a fairly well known cartoon of two scientists working out a problem on a chalkboard covered with complex equations and down in the circle is a little circle with the key step inserted in small print - "and then a miracle occurs". Wouldn't it be nice if we could take the same short-cut to fixing the horrendous shopping list of significant [more...]

Date: 2009-01-16 20:07:11

News - Views - Commentary

Uncle Jay Explains the Year 2008Gaza: Leaders Lie, Civilians Die and the Lessons of History Are IgnoredBy Robert Fisk, Independent UK - AlternetQuite a lot of the dead this weekend appear to have been Hamas members, but what is it supposed to solve? We've got so used to the carnage of the Middle East that we don't care any more -- providing we [more...]

Date: 2008-12-31 11:37:00

News and Views

Expert Predictions: Stock Market Could be Good in 2009USA TodayNEW YORK — Stock market forecasts tend to be sunny, and 2009 is no exception. Wall Street gurus are again predicting gains. But this year's bullish market call comes with an asterisk.Wary stock strategists, unsure how the worst financial crisis since the Great Depression will play out, [more...]

Date: 2009-01-02 13:43:00

And Where It Will Stop, Nobody Knows

Headlines / economic news of the past 48 hours: Global trade (combined exports & imports) dropped 18% in the four months ended November 2008 ... of Finance. China’s report was its worst in at least a decade and Germany had its worst export drop ... in December as job losses and the choking-off of credit led Americans to cut back on everything [more...]

Date: 2009-01-14 16:22:05

January 9, 10, 11 - Unemployment Risies to 7.2% - Highest Yearly Job Loss Since 1945 - Google Rumors - Freightliner Dismisses 2137 - Semitool Chips Away 280 Jobs - Union Pacific Derails 231 - Boeing to Layoff 4500? - Beechcraft Ending 1600 Jobs? - Seagate to Delete More this Month

                                     Mike: Good day to all. Today’s big number is the Employment Situation, which is released at 8:30 EST ... %.             * Breaking news: Yet another sobering government labor report released Friday showed the economy ... jobs report, the unemployment rate rose to 7.2% last month from 6.7% in November and higher than [more...]

Date: 2009-01-09 13:51:10

Prices are right, is it time to buy?

Recent data out from the National Association of Realtors (NAR) shows that its home affordability index (HAI) ... was calculated annually, and in 1973 the HAI averaged 147.8. (It’s highest annual average was 154.8 in 1972 ... years back. Those with weak credit reports or low down payments are finding fewer and more costly [more...]

Date: 2009-01-14 19:28:31

DrumBeat: October 26, 2008

David Strahan: You're wrong, PM. We need higher oil prices Once again Gordon Brown has got energy policy all wrong. Even before Opec announced an output cut of 1.5 million barrels per day, the Prime Minister had denounced the move as "absolutely scandalous", fearing it would force the oil price higher just as the world slides into recession [more...]

Date: 2008-10-26 13:21:00

HOLLYWOOD's HOTTEST BUNS: the fine behind of Beyonce; her backside is beyond the realm of bubble perfect; she has a stupid butt!

Beyoncé Giselle Knowles (pronounced /biːˈɑn.seɪ/, born September 4, 1981), commonly known as Beyoncé, is an American R&B singer-songwriter, record producer and actress. Born and raised in Houston, Texas, she enrolled in various performing arts schools, and was first exposed to singing and dancing competitions as a child [more...]

Date: 2009-01-16 04:59:00

Preliminary version of official minutes from controversial September LNC meeting released

LNC Secretary Bob Sullentrup’s minutes from its controversial September meeting have released. A final version is still pending ... ://www.lncregion7.blogspot.com/. On a more personal note, there is an error of fact in Sean Haugh’s report: “LP member George ... has proven to be quite useful.” p) Nope, that was me. George made a website using that info [more...]

Date: 2008-11-03 21:51:36

When the Lights Go Out in the City

Hawaii Island of Oahu Loses Power During Storm By David Briscoe, Associated Press Writer / USA TodayHONOLULU — The island of Oahu lost power Friday evening in the midst of heavy rain and lightning, leaving some 800,000 residents and thousands of tourists in the dark, as well as the neighborhood where President-elect Barack Obama was vacationing [more...]

Date: 2008-12-27 15:49:00

Are You Sure You Want to Start Your Own Business?

I have learned a lot from the people I’ve taught my QuickBooks and Business Financial Basics classes for small business owners and bookkeepers ... before starting their own business, and I admire them for taking the initiative. I provide ... year (annual tip report) Employment Taxes and Insurance Social Security Taxes – 6.2% match [more...]

Date: 2009-01-15 17:58:33

Words from the (investment) wise 12.28.08

Investors spent the holiday-shortened Christmas week in an un-merry mood, digesting more gloomy economic data and taking stock of a tumultuous 2008 ... s exuberance), but also still be battling with the implications of the credit crisis for the global economy ... Index (-0.3%), the Reuters/Jeffries CRB Index (-1.6%), West Texas Intermediate crude (-11.0 [more...]

Date: 2008-12-28 12:31:33

Sunshine, Lollipops, and Rainbows

I've written before, it does make me deeply uneasy that Chizik burned so many bridges on his way out of ISU, and the general (admittedly slanted) portrayal we've gotten a few places of Chizik being, I don't know, less than completely-and-utterly committed to the Cyclones' cause is also unsettling [more...]

Date: 2009-01-05 18:21:36

DrumBeat: October 27, 2008

At Asian food market, a sign of lost confidence Empty rice shelves encase a fear that has transcended American culture, ... ." break Sri Lanka: Extended credit period from Iran COLOMBO: Petroleum and Petroleum Resources ... have successfully negotiated an extended credit period of full 90 days from Government of Iran. Thailand [more...]

Date: 2008-10-27 13:30:05

Video-Rama: Will Markets Bail You Out in ‘09? (December 27, 2008)

Despite a litany of bleak economic and corporate news confronting investors during the past week, ... that liquidity was still being hoarded. (Also see my “Credit Crisis Watch“.) 13-dec-v1.jpg Source ... a black hole,” remarked Bill King (The King Report). Financial markets reacted negatively [more...]

Date: 2008-12-27 14:29:25

Harris County needs an independent Public Defender office

Even as Dallas County commissioners' new caseload quotas and heightened bureaucracy gutted their Public Defender office ( ... office. The plan, submitted as part of the court's annual mid-year budget review, offers a long-awaited ... , the criminal defense bar, the Texas Fair Defense Project and the Texas Task Force on Indigent Defense [more...]

Date: 2008-09-23 09:56:00

The Real Reason Citigroup Is a Mess

Citigroup CEO Vikram Pandit is blaming his company’s considerable troubles on moves by previous management to dive into real estate ... . Citigroup, like others, simply got caught up in the complicated market of derivatives and credit ... rates, misleading terms, unnecessary and expensive products like credit insurance, and the rest [more...]

Date: 2008-11-26 15:00:31

New Year's Day Economic Potpourri

Heading into the new year, the news is finally slowing down. Here are a few headline news reports of interest from the past couple days ... and it's not a small cut, either.Currently Microsoft employs about 90,000 people across the world ... January 15th. That's almost 17 percent of Microsoft's total work force, not exactly a small number.The [more...]

Date: 2009-01-02 00:46:00

MICROCAPITAL STORY: US Secretary of State Designate Hilary Clinton Refers to Obama’s Mother, Ann Dunham; Implies Microfinance Would be an Important Part of her Agenda

At a confirmation hearing before the United States Senate Foreign Relations Committee, US Secretary of State designate Hilary Clinton, ... firsthand how small loans given to poor women to start small businesses can raise standards ... with civil and business communities in promoting microfinance for the past nearly 30 years. The USAID [more...]

Date: 2009-01-15 16:00:23

Words from the (investment) wise for the week that was (Dec 22 – 28, 2008)

Investors spent the holiday-shortened Christmas week in an un-merry mood, digesting more gloomy economic data and taking stock of a tumultuous 2008 ... s exuberance), but also still be battling with the implications of the credit crisis for the global economy ... Index (-0.3%), the Reuters/Jeffries CRB Index (-1.6%), West Texas Intermediate crude (-11.0 [more...]

Date: 2008-12-28 14:24:18

Words from the (investment) wise for the week that was (Dec 22 – 28, 2008)

Investors spent the holiday-shortened Christmas week in an un-merry mood, digesting more gloomy economic data and taking stock of a tumultuous 2008 ... s exuberance), but also still be battling with the implications of the credit crisis for the global economy ... Index (-0.3%), the Reuters/Jeffries CRB Index (-1.6%), West Texas Intermediate crude (-11.0 [more...]

Date: 2008-12-28 08:25:50

Hiring CRIMINALS to guard planes!

Air Marshals: Undercover and Under Arrest by Michael Grabell Shawn Nguyen bragged that he could sneak anything past airport security using his top-secret clearance as a federal air marshal. And for months, he smuggled cocaine and drug money onto flights across the country, [more...]

Date: 2008-11-15 09:18:06

DrumBeat: October 22, 2008

Organic farming 'could feed Africa' Organic farming offers Africa the best chance of breaking the cycle of poverty and malnutrition it has been ... , Achim Steiner, said the report "indicates that the potential contribution of organic farming ... Union preferred to see gas traded on a free and transparent market. Venezuela banks on lower oil [more...]

Date: 2008-10-22 13:49:58

Media & Politics

Media & Politics 07-Jan-09 Permanent link to MTA daily media news The Heretik Freedom Rider: Bush Goes Out a Winner (by Margaret Kimberley at the Black Agenda Report) Bush is leaving office in the popularity ... monitoring their sense of understanding. They may in fact be swinging between doubt and closure [more...]

Date: 2009-01-07 18:33:23

Erie PA Today News, Events and Info for today, Monday, January 12, 2009

Rehrig Pacific Company closed their manufacturing facility in Raymond, New Hampshire and is moving the operations to their facility in Erie, PA at 1738 West 20th Street. Products made at New Hampshire include plastic milk crates, soda-bottle holders, garbage receptacles and recycling bins. Forty employees were laid-off [more...]

Date: 2009-01-12 12:49:02

The Age of Scarcity

Civilian Death Toll Rises After Second Day of Air Strikesby Hazem Balousha in Gaza City, Rory McCarthy in Jerusalem - The Guardian (UK)Death toll moves above 300. Calls for investigation after seven students at UN college die in missile attacksTo the doctors at the Shifa hospital in Gaza City it was another body on a chaotically busy day [more...]

Date: 2008-12-30 13:07:00



Date: 2009-01-16 14:29:00

DrumBeat: October 17, 2008

The dark side of lower prices NEW YORK (CNNMoney.com) -- Stock prices have plunged in recent weeks. So have oil prices. Most Americans probably see the former as terrible news and the latter as a ray of sunshine at a dark time. But both could contribute to a growing concern among economists - deflation [more...]

Date: 2008-10-17 13:14:58

The Best Gubernatorial Campaign of 2008

The Best Gubernatorial Campaign of 2008 Indiana Gov. Mitch Daniels handily defeated his Democratic opponent despite a tough landscape for incumbent Republicans and the fact that Obama carried the state. (AP Photo/ Indianapolis Star, Frank Espich) Yesterday we started our year-end awards by naming state Sen [more...]

Date: 2008-12-30 15:30:35

Ethics cloud still hangs over Rangel

A herd of tax reporters trails Charles B. Rangel everywhere he goes these days, like a team of pilot fish feasting on whatever morsels the raspy, talkative Ways and Means Committee chairman casts aside. Late last year, that media herd was feasting on Rangel himself, [more...]

Date: 2009-01-15 09:39:06

Erie PA Today News, Events and Info for today, Friday, January 9, 2009

Ian at The People Demand It! reported that Richard Gibbons is out as CEO of EmergyCare and that William Haggerty is the new interim leader. EmergyCare is the non-profit ambulance service provider for the City of Erie. They have expanded their coverage are with operating divisions in Meadville, Titusville, Warren, Kane, [more...]

Date: 2009-01-09 12:37:06

Gates of Vienna News Feed 9/24/2008

USA5th Grader Suspended for Anti-Obama ShirtBush Calls Bailout Vital to Economy, Will Meet With McCain and ObamaHomeland Security Detects Terrorist Threats by Reading Your MindObama Worked Closely With Terrorist Bill AyersOnline Critics Take Aim at $700 Billion Financial Bailout ProposalSeptember 11 Suspect Grills U.S [more...]

Date: 2008-09-25 00:42:00

Ohio State Can't Stop McCoy and Texas

Ohio State Can't Stop McCoy and Texas In a game that appeared to be over with 2 minutes remaining and Ohio State up by four points, Texas and Colt McCoy marched down the field with one long pass after another until Quan Cosby dived into the end-zone putting the Longhorns on top for good. Buckeye fans were ready to celebrate [more...]

Date: 2009-01-06 19:02:56

DrumBeat: September 27, 2008

Lehman-Backed Muni Gas Bonds Trade for Cents; Deliveries Halted (Bloomberg) -- Tax-exempt bonds guaranteed by Lehman Brothers Holdings Inc. for a gas-supply contract may be worth little more than unsecured debt after the bankrupt underwriter's commodity unit stopped deliveries last week [more...]

Date: 2008-09-27 14:11:57

The Next Hot Market That Could Be Walked Away From

The Herald News reports from Illinois. “The 14900 block of Gardner Street in Plainfield has been a lonely place this year. Dick and Jeannine Goss have lived there since February, when they closed on the single-family home where they intended to live out their retirement [more...]

Date: 2008-11-14 14:15:10

DrumBeat: October 2, 2008

John Michael Greer: Cassandra's View In this setting, the presentations and talk at the conference took on a surreal quality, as though the global civilization we were discussing – the one running out of cheap and easily available fossil fuels – was on some other planet [more...]

Date: 2008-10-02 14:01:45

Erie PA Today News, Events and Info for today, Saturday, January 10, 2009

Erie received enough snow that Erie Mayor Joe Sinnott declared a snow emergency lasting until 8 am Monday. The only thing this means is that odd even parking is still in effect over the weekend and the city will ticket or tow cars that are parked illegally. [more...]

Date: 2009-01-10 13:50:24

Bretton Woods Inc - Bounced check/overdraft fees paid by state

Because you write about state-specific issues, thought you may like to see a new report that details the amount of bank and credit union NSF/ODP ... ;STORY=/www/story/01-12-2009/0004953295&EDATE= Banks and Credit Unions Collect ... by banks and credit unions in 2008. The research by bank strategist G. Michael Flores reveals the amount [more...]

Date: 2009-01-08 15:02:23

John Mauldin's Forecast for 2009

Thoughts from the Frontline Weekly NewsletterForecast 2009: Deflation and Recession by John Mauldin January 10, 2009 ... Investments I will be co-hosting our 6th annual Strategic Investment Conference in La Jolla ... . Simply click on the link below, give us your name and email, and you will be sent a form next week [more...]

Date: 2009-01-10 18:53:08

DrumBeat: December 1, 2008

A Shore Thing? Why Offshore Wind Power Will Likely Struggle Offshore wind power is the Holy Grail of renewable energy: It’s clean, abundant, and out of sight. Now that energy security is meshing with environmental concerns inside the White House, is offshore wind power ready to come of age? [more...]

Date: 2008-12-01 13:48:47

Erie PA Today News, Events and Info for today, Tuesday, January 13, 2009

The PA Department of Environment Protection and US Environmental Protection Agency began a thorough inspection of Erie Coke in Erie, PA as the agencies continue their investigations into chronic emission problems at the facility. An expert hired by EPA is accompanying the inspectors and will investigate the facility’s 58 coke ovens [more...]

Date: 2009-01-13 12:34:30

DrumBeat: October 24, 2008

Heating Oil Distributors Fear Tough Winter Amid Credit Freeze NEW YORK (Dow Jones)--The tight credit market is forcing weak links in the heating oil supply chain, from wholesale ... to carry them into winter, despite the global credit crisis that has made it difficult for even solid [more...]

Date: 2008-10-24 12:30:39

The CFR….Expecting An Obama Regime To CHANGE - Only what the CFR Allow…..Joe Biden and Co Are CFR Guys!!

The Council On Foreign Relations (CFR) And The New World Order- By William Blase For those who may be confused by the controversies surrounding the “New World Order”, a One-World-Government, and American concern over giving the UN more power; those unaware of the issues involved; and those wishing more background, I offer the following [more...]

Date: 2009-01-12 12:04:02

Italian Wine 2008 - Report from Flyover Country

The intell is in. 2008 is wrapped up and put to bed. What an interesting year it has been. Lots of good data in this post, as long as you don’t mind it coming from flyover country. Not the high highs (and the low lows) of either coasts, but the steady drip of Middle America, the drum beat pounding [more...]

Date: 2009-01-15 14:47:15

DrumBeat: December 22, 2008

Pemex Oil Output Falls 6.5% to 2.711 Million Barrels a Day (Bloomberg) -- Petroleos Mexicanos, the state-owned oil company, said crude oil output fell 6.5 percent in November from the year-earlier period as production at its Cantarell field declined at a faster-than-expected rate. Production dropped to 2.711 million barrels a day, from 2 [more...]

Date: 2008-12-22 14:01:59

DrumBeat: November 13, 2008

Kingdom stands vindicated after IEA report on Ghawar Pushing his peak oil theory, ... indeed for the global energy balance. ...The IEA report on Ghawar, when seen in the above ... sector has run smack into a credit crisis, probably a recession as well, and almost all industry [more...]

Date: 2008-11-13 13:52:27

January 8 - Microsoft/IBM Rumors Swirl - Jobless Claims Fall to 467,000 - Lenovo (China)/Dell (Ireland)/TDK (Japan) Layoffs - Spring Global Ends Jobs for 365 - 111 Depart at Trane - 1000 Less Jobs at Schlumberger - Layoff Outrage of the Day: Banks Offshoring IT Jobs -

        The Layoff Outrage of the Day:  Mike: I thought I would title the daily discussion to save readers any confusion about my intentions, which are simply to highlight a daily kick in the butt to the workers and taxpayers of America. Today I’ll discuss the often mentioned subject of outsourcing [more...]

Date: 2009-01-08 13:55:13

Erie PA Today News, Events and Info for today, Thursday, January 8, 2009

Catholic education in Erie PA in 2009 will soon look more like 1959. There must be enrollment problems at Erie Villa Maria Academy and Erie Cathedral Prep [more...]

Date: 2009-01-08 12:42:23

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