Record number of Americans on Food Stamps

As Jobs Vanish and Prices Rise, Food Stamp Use Nears Record
By ERIK ECKHOLM
Driven by a painful mix of layoffs and rising food and fuel prices, the number of Americans receiving food stamps is projected to reach 28 million in the coming year, the highest level since the aid program began in the 1960s.
The number of [...]

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Mortgage Crisis Fix?

Now we turn to bills that are moving through congress to attempt to fix the mortgage ‘crisis’.
Congress returns to Washington, D.C., next week with one big thing on its mind: the economy — and how to deal with a crisis that extends from Main Street to Wall Street. The Bush administration is resisting promising money [...]

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Banking Crisis Fix?

Investment Houses Borrow Billions From Fed’s Emergency Lending ProgramWASHINGTON (AP) — Big Wall Street investment companies are taking advantage of the Federal Reserve’s unprecedented offer to secure emergency loans, the central bank reported Thursday.
The lending is part of a major effort by the Fed to help a financial system in danger of freezing.
Those large firms [...]

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Government Benefit Programs in Trouble

News Link
Trustees for the government’s two biggest benefit programs warned Tuesday that Social Security and Medicare are facing “enormous challenges” with the threat to Medicare’s solvency far more severe.
The trustees, issuing a once-a-year analysis of the government’s two biggest benefit programs, said the resources in the Social Security trust fund will be depleted by 2041. [...]

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Truckers ‘going broke’ and threatening to strike

News Link
What started as a small, online grassroots effort now appears to have the potential for something bigger.Dan Little, the owner/operator of a livestock hauling company in Carrollton, Mo., estimated Tuesday that at least 1,000 other truckers from across the United States have committed so far to joining him in a strike on April 1.
Although [...]

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Climate facts to warm to

News Link

CATASTROPHIC predictions of global warming usually conjure with the notion of a tipping point, a point of no return.
Last Monday – on ABC Radio National, of all places – there was a tipping point of a different kind in the debate on climate change. It was a remarkable interview involving the co-host of Counterpoint, [...]

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Jim Rogers says “Abolish the FED”

The man has a great point for MOST of the video.
This bailout and the continuous printing of money is a very large problem.
Moving forward we are going to have to correct inflationary pressures by increasing rates substantially.
He also adds excellent points on Japan.
There is nothing wrong with a recession, they clean out issues in [...]

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Red light cameras too good for their own good?

New Link
Last week, Dallas officials reviewed the numbers and decided that a quarter of the cameras they had installed to catch motorists running red lights were too effective. So they shut them down.
They are not alone. Faced with data showing that drivers pay attention to cameras at intersections — resulting in fewer ticketable violations and [...]

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‘Speak English’ Signs OK at Philly Shop

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The owner of a famous cheesesteak shop did not discriminate when he posted signs asking customers to speak English, a city panel ruled Wednesday. In a 2-1 vote, a Commission on Human Relations panel found that two signs at Geno’s Steaks telling customers, “This is America: WHEN ORDERING ‘PLEASE SPEAK ENGLISH,’” do not violate [...]

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The Mystery of Global Warming’s Missing Heat

NPR reports on the missing heat from Global Warming
Some 3,000 scientific robots that are plying the ocean have sent home a puzzling message. These diving instruments suggest that the oceans have not warmed up at all over the past four or five years. That could mean global warming has taken a breather. Or it [...]

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Obama’s Speech on Race

Here is the Transcript
In listened to the speech in its entirety yesterday. The man is a very good speaker, that much is known. I will go as far as to say that he is the best speaker of my time.
With that said, lets disect the transcript:
I can no more disown [...]

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Obama’s "friend" Pastor Wright

So Obama has been calling his Pastor (Pastor Wright) the old uncle that he disagrees with. He has tried to distance himself from Pastor Wrights political standing by saying he is just his “spiritual adviser”.
In the following video it sure seems otherwise, since he is going OUT of his way to point to his Pastor [...]

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Dollar plunge

Ben S. Bernanke’s interest-rate cuts have touched off a vicious circle of doom for the dollar.
The Federal Reserve reduced the rate on direct loans to commercial banks by a quarter-point to 3.25 percent before Asian financial markets opened today. It will likely lower its target rate for overnight loans between banks tomorrow to at least [...]

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Court Will Examine Profanity Rules

The Supreme Court on Monday stepped into a legal fight over the use of curse words on the airwaves, the high court’s first major case on broadcast indecency in 30 years.
The case concerns a Federal Communications Commission policy that allows for fines against broadcasters for so-called “fleeting expletives,” one-time uses of the F-word or its [...]

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New Economics Blog to check out.

Found a new Blog that would be of great interest to any frequent visitors.
James Phillip over at http://capitalhacker.com/ has a great site set up giving commentary on Economics and Technology.
We seem to share lots of the same views on the current “capitalistic” US economy.
One that caught my attention was:
The United States is being scared into [...]

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Bear Sterns fire sale

JPMorgan Chase said Sunday it will acquire rival Bear Stearns in a deal valued at $236.2 million — or $2 a share — a stunning collapse for one of the world’s largest and most venerable investment banks.
The last-minute buyout was aimed at averting a Bear Stearns bankruptcy and a spreading crisis of confidence in the [...]

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Barack Obama’s Pastor

In light of these recent discoveries.
Does this or should this have any bearing on Barack Obama?
The media went after Mit Romney on his religion. So much so that he had to make a statement about it. So should this also be fair game?
Does it or should it effect the outcome [...]

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Standing by your man

In light of the recent scandals of both Republicans and Democrats, I ask the question why do women stand by their men? Sure some of these scandals that have come out did not involve sex cases like that of Eliot Spitzer. Some involved federal crimes that I guess shouldn’t have any bearing on a marriage. [...]

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Take out the trash, walk the dog, shoot up the neighborhood . . .

So you are minding your own business, taking out the trash at night, or checking some suspicious noise outside in the middle of the night. Don’t forget this little handy tool.
The Magpul FMG9 could be a nasty surprise for that carload of gangbangers you meet on your way to the garbage [...]

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Auditors: Iraq Faces Budget Surplus

Iraq isn’t spending much of its own money, despite soaring oil revenues that are pushing the country toward a massive budget surplus, auditors told Congress on Tuesday.
The expected surplus comes as the U.S. continues to invest billions of dollars in rebuilding Iraq and faces a financial squeeze domestically because of record oil prices.
“The Iraqis have [...]

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