Picture Of The Day
If Clancy wrote a five book thriller series following Bible prophecy...this is it!
If you've never read his books, I bet you've seen one of his movies and don't realize it! Koontz is phenomenal!
This page was last updated: November 16, 2010
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OLD NEWS
NEWS
Bringing You The Important News...Because They Won't!
November 16, 2010
S&P Predict More Home Price Declines In 2011
Clothing Prices To Rise On "Terrifying" Cotton Prices
China- Food Prices Rise Over 62% In The First Ten Days In November...Price Fixing Will "Fix" It
"The prices of 18 staple vegetables rose 62.4 percent across the country during the first 10 days of November, compared to a year earlier"
"Gap Inc., J.C. Penney Co. and other U.S. retailers may have to pay Chinese suppliers as much as 30 percent more for clothes as surging cotton prices boost costs"
Why Is California Going To Be The Next Greece?
"California is $25 billion in the hole. The first step in filling that gap involves a major bond auction on Thursday. But investors have started fleeing muni-bond ETFs in anticipation of a tepid auction. Therein lies the key similarity: Like Greece, California relies on investors and can't print its way out of debt"
Elected Officials Retirements In Arizona Rose 325% Since 2000...Sound Good To You?
"he Republic, through a public-records request, found 131 former elected officials receiving lifetime pensions in excess of $100,000 a year. That's roughly one out of every seven retirees in that system. Most of the higher pensions"
Fed Borrowing Plan In Trouble As Interest Rates Rise
"Rates had fallen sharply for months in anticipation of a Fed buying program, and in a short time much of that effect has been lost, spelling an unwelcome rise in borrowing costs throughout the economy. That could throw a wrench in what the Fed is trying to accomplish: to use low rates to encourage more borrowing and risk-taking by consumers, businesses and investors, thereby reviving growth"
FHA Reserves (Which Taxpayers Fund) Fall To Record Low...They Will Soon Need More Money From You
"The capital ratio, a measure of the insurance fund’s ability to withstand losses, fell to 0.50 percent in the year ended Sept. 30, from 0.53 percent a year earlier and 3 percent in 2008, the Washington-based agency said in the report today. The FHA is required to maintain a ratio of at least 2 percent"
This Time, A Weakened Dollar Will Not Necessarily Help Our Exports
"A weakening currency traditionally helps a country raise its exports and create more jobs for its workers. But the declining value of the dollar may not help the United States increase economic growth as much as it might have in the past"
November 15, 2010
Video-Nobel Prize Winning, Leftist, Obama-Supporting Economist Recommends "Death Panels"
Hello Double Dip! Manufacturing Index Collapses To Lowest Level Since April 2009
Masters Of The Obvious- Debt Commission Says Baby Boomers Will Crush Social Security & Medicare
"Baby boomers withdrawing funds from Social Security, Medicare and Medicaid are going to "crush the system" in a matter of years, a member of President Obama's blue-ribbon commission on the debt warned Sunday"
"Today’s reading was the lowest since April 2009 and the first contraction since July 2009. The Empire State gauge of new factory orders fell to minus 24.4 from 12.9 last month. A measure of shipments fell to minus 6.1 from 19.4"
Bankrupt California's Supreme Court- Illegals Get In-State Tuition (Which They Can't Afford)
"The California Supreme Court decided unanimously Monday that illegal immigrants may continue to be eligible for in-state tuition rates at the state's colleges and universities rather than pay the higher rates charged to those who live out of state"
Saturday Night Live Slams Obama AGAIN!
Greenspan Says The Obvious- High Deficits Could Disrupt The Bond Markets
"He said the deficit, which hit $1.3 trillion this year, may begin to frighten the bond market, which could undermine the recovery and push the economy back into recession"
UK Telegraph Compares Bush To Obama...Doesn't Make Obama Look Good At All
"Did he order the waterboarding of terrorist suspects? "Damn right." Did he ever have doubts about pre-war intelligence on Iraq? "I really didn't." Boring of Mr Nuance, Americans lapped it up. Whereas Obama was glum, wondering aloud whether 9.6 per cent unemployment might be "the new normal" and griping that as US president "you're held responsible for everything but you don't always have control of everything", Bush used his interviews to display an almost giddy insouciance"
And Now Latino Children Are In The Majority In California Schools
"Latinos now make up a majority of California's public school students, cracking the 50 percent barrier for the first time in the state's history, according to data released Friday by the state Department of Education"
How Well Is GM Making Out? Check Out The Chevy Volt And Decide
"GM says that, battery-powered, the Volt has a 40-mile range. Popular Mechanics says 33. Thomas R. Kuhn, president of the Edison Electric Institute, the trade association of the electric utility industry, is, understandably, a Volt enthusiast: This supposedly "green" vehicle will store electric energy - 10 to 12 hours of charging on household current - produced by coal- and gas-fired power plants"
"Standard & Poor's analysts believe home prices will drop between 7% and 10% through 2011, erasing any improvements prices have recently made"
Europe Worried That The Debt Problem Is About To Explode Across Europe
"European officials, increasingly concerned that the Continent’s debt crisis will spread, are warning that any new rescue plans may need to cover Portugal as well as Ireland to contain the problem they tried to resolve six months ago"
Austria Says They Don't Want To Give Greece Any More Money
"Austria has not yet given the green light to transfer its E190 million share in the new tranche of the bailout package for Greece, because the Greek government has not met its commitments"
UK Obamacare- Transplant Patients Given Lungs Of Smokers And Other Diseased Body Parts
"Desperate transplant patients are being given the lungs of chain smokers because the NHS is so short of organ donations. Surgeons are also being forced to use diseased body parts from cancer sufferers, drug addicts and the very elderly"
Portugal Hits "Panic Button" And Causes Problems For The Euro
"Portugal became the latest European nation to suggest it was on the brink of seeking help from Brussels after Ireland confirmed it had begun preliminary talks over its debt problems"
Audio Of Anti-Tea Party Group Calling For Violence But The Media Will Never Address This
UK Toy Store Removes Pigs From Farm Toy To Keep From Offending Muslims And Jews
"The animal was missing from the Early Learning Centre's (ELC) HappyLand Goosefeather Farm when a mother bought it as a gift for her daughter's first birthday. The set did contain a cow, sheep, chicken, horse and dog, but the pig sty was empty – even though there was a button that made an "oink" noise"
Surprise! Rangel Found Guilty Of Ethics Violations
"The subcommittee, according to California Democratic Rep. Zoe Lofgren, the ethics committee chairwoman, found "clear and convincing" evidence of guilt on 11 of 12 counts, including failing to pay taxes on a home in the Dominican Republic, misuse of a rent-controlled apartment for political purposes and improper use of government mail service and letterhead"
Soros Says China Has Better Functioning Economy Than The US
Home Sales In Southern California Dropped Over 24% In October When Compared To October 2009
"A total of 16,744 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was down 7.4 percent from 18,091 in September, and down 24.3 percent from 22,132 for October 2009"
Ethics Group Says Rangel Should Resign
"Whether these violations were deliberate or inadvertent, the American people deserve to be represented by members of Congress who adhere to the highest ethical standards. Mr. Rangel should resign"
"Today China has not only a more vigorous economy, but actually a better functioning government than the United States"
