By: David Freddoso
Online Opinion Editor
By: David Freddoso
This article says it all, it shows just exactly what the Obama’s think of the American taxpayer, and America.
By Andrea Billups
As many families in America struggle to pay their bills amid a sticky recession and deep unemployment, now at 9.5%, Michelle Obama’s luxe vacation to Spain has sparked out-of-touch outrage that has even the European press crying muy mal.
While the White House spokesman has described her trip with youngest daughter Sasha as private—and the First Lady reportedly paid for her own travel expenses—the European voyage cost taxpayers close to a quarter million dollars in presidential security.
That figure has drawn a fierce public scolding from press types and political watchers here and across the pond who dubbed the Obamas hypocrites for urging belt-tightening Continue reading
California has the nerve to boycott Arizona for profiling.
Something here looks like a little profiling to ME! [“Things got pretty loud,” said Chaus, and a dozen or more parolees escaped. Officers rushed in and arrested the remaining parolees without incident.
Chaus said other parolees slipped away earlier Saturday and were allowed to leave for fear of revealing the sting prematurely.] Continue reading
By MARTIN CRUTSINGER and JEANNINE AVERSA, AP Economics Writers
Sat. April 24
WASHINGTON – Global finance officials are sending Greece a tough love message: Move ahead on economic reforms and we’ll come to the rescue with an emergency loan package.
The rapidly escalating Greek debt crisis was expected to dominate discussions at Saturday’s gathering of the 186-nation International Monetary Fund and its sister lending agency, the World Bank.
Greek Finance Minister George Papaconstantinou was scheduled to have a separate meetings with IMF Managing Director Dominique Strauss-Kahn, Treasury Secretary Timothy Geithner and finance officials from Russia and Brazil.
Crippled by soaring borrowing costs, Greece triggered an emergency aid plan Friday to draw cash from the IMF and countries that use the euro.
There’s enough money in the package to prevent Greece from defaulting on its massive debts. Eurozone members will contribute $40 billion, while the IMF will pony up $13.4 billion this year. Continue reading
By Michelle Caruso-Cabrera, CNBC.com
The Whistler-Blackcombe resort, where the Alpine events such as snowboarding and ski-jumping are being held, could go into foreclosure this week, smack dab in the middle of the Olympics, and be owned in part by the now defunct Lehman Brothers, one of its creditors.
Whistler Blackcombe is one of several ski resort properties owned by Intrawest. Others include Steamboat and Stratton. The company is in deep financial straits and missed a debt payment of more than $500 million in December. The lenders have given Intrawest a deadline of this Friday to come up with the money, or they say they will foreclose.
Intrawest is owned by Fortress Investments, a well known, private equity firm and hedge fund, which bought Intrawest in a leveraged buyout in 2006 for $2.8 billion. The rationale for the investment was that condo sales slopeside would provide cash to pay back the $1.7 billion in debt they took on as a result of the deal. Then the real estate market collapsed.
The CEO of Fortress, Dan Mudd, was on CNBC and acknowledged Intrawest is having a tough time with the real estate sales, but that the on-slope operations of the business – lift tickets, etc. – are doing better. He says they want to manage their way through the crisis and realize the full value of the investment. He said negotiations are ongoing right now with the creditors.
Resort investments have been particularly hard hit in the economic downturn. On Tuesday, East West Resort Development, owner of various luxury ski resorts and a Jack Nicklaus golf course near Lake Tahoe, filed for bankruptcy.
By Connie Hair
Speaking from the floor House of Delegates at the Virginia state capitol building in front of over 300 people, newly-inaugurated Virginia Governor Bob McDonnell delivered the Republican response to the President’s State of the Union Address last night. McDonnell was sworn in just 11 days ago after having received more votes for governor in his election last fall than any other gubernatorial candidate in Virginia history.
McDonnell stepped onto the national stage last night with great ease, articulating the conservative ideals and the common sense that Americans are eager to embrace after a long year of an unprecedented spending binge.
“Today, the federal government is simply trying to do too much,” McDonnell said in the speech. “Last year, we were told that massive new federal spending would create more jobs ‘immediately’ and hold unemployment below eight percent.” Continue reading
BEIJING (Reuters) – Authorities in southwestern China have ordered three batches of milk products off shelves because they contain a chemical that killed at least six children in 2008, causing global concern over the made-in-China brand.
The health department in Guizhou province stopped the sales of dairy products made by three Chinese companies, the state-run China Daily newspaper said. Continue reading
By Bob L. The way I see it!
This show you just how much these companies respect people when they are in need like they are today sense our Government has taken upon them selves to put people out of work to fend for them selves while they give them selves razes behind closed doors.
By JIM DWYER
Published: January 5, 2010
In the bitter cold on Monday night, a man and woman picked apart a pyramid of clear trash bags, the discards of the HM clothing store that reigns in blazing plate-glass glory on 34th Street, just east of Sixth Avenue in Manhattan.
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Suzanne DeChillo/The New York Times Continue reading
By Bob L. The way I see it!
And now some are wanting you to believe that this is part of GLOBAL WARMING that is causing this cold and all these records of weather that has not been seen in over a hundred years.
By JEFFREY COLLINS, Associated Press Writer
COLUMBIA, S.C. – Bitter cold and snow sweeping into the eastern U.S were leaving part of New England under record snowfall and hitting Southerners with subfreezing temperatures that farmers fear could destroy crops.
The deep freeze was expected to last for at least the rest of the week. The National Weather Service said the mercury could fall below zero in St. Louis later this week for the first time since 1999. Continue reading
Wed Dec 23
COLUMBUS, Ohio – Passengers on a Continental Airlines flight couldn’t believe it when they saw an otter scurry from the plane’s cargo hold and onto the tarmac at Houston’s Bush Intercontinental Airport. The daring escape by a pair of otters delayed the Ohio-bound flight for about an hour Tuesday night.
One passenger said that most on board thought the delay was a joke at first. But another said they watched one of the otters scurry across the tarmac.
Airport workers managed to catch the otters and return them to their cages and the flight took off for Columbus.