Category: Finance

The ups and downs of the economy.

The Magic Credit Card

Without Borrowing, the Government Can Only Pay 60 Percent of Its Bills – Hit & Run : Reason.com.

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Paying For Your Neighbors’ Solar Panels

Solar power adds to nonusers’ costs – SFGate.

Hey California. Guess who’s paying for your neighbor to put “free” solar panels on their roof? That’s right. You. Subsidies and higher utility bills suck money out of your pocket so the guy next door can feel better.

Power companies in California are required to buy electricity from residents and businesses with solar generator systems at the same price they resell it to other customers, meaning utilities earn nothing to cover their fixed costs. Photo: Sam Hodgson, Bloomberg / SF

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Unfair Share

The Real Fat Cats – Victor Davis Hanson – National Review Online.

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Wanted: Bad Neighborhood

Police Called When Crowd Signing Up For Housing List Gets ‘Out Of Control’ | WBNS-10TV Columbus, Ohio.

Nothing says The American Dream quite like fighting over subsidized housing.

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The Broken Record

Obama: ‘I Won’t Compromise’ on Taxes – Yahoo! News.

I won’t compromise… *click* … I won’t compromise… *click* … I won’t compromise… *click* … I won’t compromise… *click* … I won’t compromise… *click* … I won’t compromise… *click* … I won’t compromise… *click* …

Obama: 'I Won't Compromise' on Taxes (ABC News)

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Obama II: Fool Me Twice

GOP’s Hatch: ‘We’ve seen an utter lack of leadership from Pres. Obama’ by Andrew Malcolm – Investors.com.

Michael Ramirez

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Cliff Notes: The Obama Campaign Continues

Report: Obama’s “fiscal cliff” offer to Republicans calls for $1.6 trillion in new taxes and end of debt ceiling in exchange for … nothing, basically; Update: McConnell laughed out loud; Update: Walk away, says Krauthammer « Hot Air.

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The New Transparency: Seeing Through the President

Transparency: Walk the Walk, Mr. President – John Fund – National Review Online.

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LottoCratic Policy

U.S. News and World Report – Cartoons

For California just replace Powerball with Facebook IPO.

http://www.usnews.com/usnews/php/galleries/image.php/1318/1/1.jpg

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Green Crap

When Wall Street Makes Crap Loans, It’s a Crisis; When DOE’s Steven Chu Does It, It’s Green Energy. – Hit & Run : Reason Magazine.

… when it comes to lending standards and the vilification of private financial institutions processing mortgages that were either backed or bought up by government-sponsored enterprises, the Obama admin is firmly in the “do as we say, not as we do” camp…

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Corn Pwned

Thank the Tea Party for the End of the Ethanol Tax Credit – Conor Friedersdorf – Politics – The Atlantic.

As early as last July, he added, a poll of likely Iowa caucus-goers revealed something pleasantly surprising: “When asked specifically which they would be more likely to support, a candidate who supports ethanol subsidies because they are important to the Iowa economy, or a candidate who opposes them because they want to get spending under control, caucus goers prefer the candidate who opposes ethanol subsidies by a margin of 56 percent to 31 percent.”

corn fields.jpg

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Yes, Virginia, Indiana, Nebraska… There is a Santa Claus

Anonymous donors pay off Kmart layaway accounts – Yahoo! News.

At Kmart stores across the country, Santa seems to be getting some help: Anonymous donors are paying off strangers’ layaway accounts, buying the Christmas gifts other families couldn’t afford, especially toys and children’s clothes set aside by impoverished parents.

Kmart store manager Ted Straub talks Thursday Dec 15, 2011 in his  Omaha, Neb store. Dozens of Kmart customers across the country have had their layaways paid off by strangers. (AP Photo/Dave Weaver)

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Occupy Jay-Z

Jay-Z’s “Occupy All Streets” T-Shirts Spark Outrage, Artist Exhibits More than a Million Flickr Images | Trending Now – Yahoo! News

 Hip-hop artist and clothing designer Jay-Z is being scrutinized for allegedly profiting off of the  Occupy Wall Street Movement.  Last week, friend and fellow business mogul, Russell Simmons tweeted a backstage photograph of himself standing next to Jay-Z, who was wearing a T-shirt that read, “Occupy All Streets.”

http://mit.zenfs.com/316/2011/11/img-20111108-00324-1.jpg

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MTV’s Unreal World: Wall Street Edition

MTV Looks For Ratings Gold In Zucotti Park With “True Life: I’m Occupying Wall Street” | The Daily Feed | Minyanville.com.

The episode features 23-year-old Occupier Bryan, who rallies his kinfolk to clean up the park in the wake of an eviction showdown with the NYPD.

We can only hope that by the episode’s end, the Southern homophobic protester will learn to accept his openly gay tentmate’s pornography past.

Get More: Music News

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Trashing Oakland

US police raid Occupy camp in Oakland, arrest 75 – US news via Mail.com.

City officials had originally been supportive of protesters, with Oakland Mayor Jean Quan saying that sometimes “democracy is messy.” But the city later warned the protesters that they were breaking the law and couldn’t stay in the encampment overnight. They cited concerns about rats, fire hazards, public urination and acts of violence at the site, which had grown to more than 150 tents and included areas for health care, child care and cooking.

http://i2.mailcdn.com/980/792980,h=425,pd=1,mxw=620.jpg

http://i0.mailcdn.com/978/792978,h=425,pd=1,w=620.jpg

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V for Vajayjay

No more dancing around issues in feminine hygiene – Yahoo! Finance

The vagina is becoming big business. …

“Gen Y people are more relaxed about their bodies, so there’s more
attention to products that people would have been embarrassed to talk
about before,” says Deborah Mitchell, executive director for the Center
for Brand and Product Management at the University of Wisconsin School
of Business. “It’s part of this trend of women saying, `Hey, we’re not
embarrassed to talk about this.”


Frame grab from Summer’s Eve campaign for their line of feminine cleaning products (the Richards Group).

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The New TV Box

Hulu, Billed as Tomorrow’s TV, Looks Boxed In Today – NYTimes.com

This is the future of TV? Really? Today you can watch some shows on Hulu in their entirety. But others you can’t watch at all. Most fall somewhere in between — bound by contractual handcuffs that hamper prospective viewers.

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Waking Up in Vegas

Steve Wynn — No End to Economic Downturn Until End of Obama Administration – Yahoo! News

Wynn suggests that, absent of course the outbreak of a world war, the
only thing that will end the economic malaise in the end of the Obama
administration. This may be hard news for Obama’s rapidly dwindling
circle of supporters to swallow. But apparently Wynn, a Democrat
himself, has swallowed the news and has chewed on it with gusto.

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Or Should We say Boom State?

Forbes: 4 of the top 5 cities expected to boom are in Texas
next-big-boom-towns-forbes: Personal Finance News from Yahoo! Finance

To determine the next boom towns in the U.S., Forbes, with the help of Mark Schill at the Praxis Strategy Group, took the 52 largest metro areas in the country (those with populations exceeding 1 million) and ranked them based on various data indicating past, present and future vitality.

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Fed Up

The Federal Reserve Is Why You Can’t Afford Food And Gas | Ron Paul 2012 | Sound Money, Peace and Liberty

The Federal Reserve is supposed to promote full employment and stable
prices, yet its actions cause jobs to disappear and prices to rise. This
should come as no big surprise, at least it shouldn’t if you’re not
inclined to think government intervention is either desirable or
productive.

Ron Paul 2012

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