- Against the Highspeed rail: 432 [74.7%]
- For the Highspeed rail: 127 [22.1%]
- Might support Highspeed rail: 19 [3.3%]
For those who don't know, Geeze Louise has been pushing a highspeed rail linking the above cities, all of whom have local economies in the toilet! She pushes this knowing full well that "after the fad wears off" the only users will be politicians travelling from home to their "play-pens" in Albany and back...... Who else can afford to ride it??? The "three men in a backroom" have taken all our economic resources, we have nothing left after paying New York's multi-multi-layered usurious taxes!!! Previous to this highspeed rail fantasy, we had "the fast ferry-" a $13million boat that was to run between Rochester and Toronto, Canada. This tub lost money every second of it's existence!!! Does Louise believe that just because she coerced a RepublicRAT [Chris Lee] to join her Mafia-that makes it economically feasible??**From the KoolAid Media:
- Year ......Sales ..... C/F ..... EPS ...... Div. ....... B/V ...... Avg. P/E
- 2004 .....80.02 .... 3.25 .... 1.25 ......Nil ......... 9.62 ........ 17.0x
- 2005 .....85.48 .... 3.48 .... 1.40 ......0.15 ..... 10.95 ........ 15.8x
- 2006 ......91.31 .... 4.01 ..... 1.73 ..... 0.22 ..... 12.88 ........ 15.7x
- 2007 ......96.08 ... 4.45 ..... 1.99 ..... 0.27 ..... 15.23 ........ 17.2x
- 2008 ....102.83 ... 4.91 ..... 2.21 ..... 0.32 ..... 15.82 ........ 12.4x
- A Piece of the Stimulus Pie
- by Bill Bonner-London, England
An article in today's International Herald Tribune tells the story of one area in Tennessee that has gotten stimulus money. "The cash that salvaged a county," says the headline. Perry County, southwest of Nashville, must be one of those places you don't want to stop when you're driving across the country.
- With 25% unemployment and no significant industry, it sounds dreadful - at least from an economic point of view. It might be a nice place to live - if you don't have to work for a living.
- So the county honchos figured the county needed a little stimulus. They managed to lay their hands on cash being passed out by the feds. It doesn't seem to bother anyone that the money belongs to someone else. Nor does the fact that it is now being frittered away in a bunch of make-work projects that nobody wanted to pay for even when they had some money.
- Stimulus-assisted businesses of Perry County now have an unfair advantage over their honest competitors in other parts of the state. The Armstrong Pie Company, for example, used taxpayers' money to expand: "New workers [hired with stimulus money] have helped the company triple its pie production and expand its reach through central Tennessee."
- A quick question: what happened to the pie companies that lost market share to Armstrong?
- And another: how is the economy any better off by stimulating one pie company to make more pies at the expense of other pie companies?
- And a final one: even if total pie consumption goes up - a larger pie! - where's the benefit?
- The whole thing is a scam! The government will just keep on using taxpayers' money to pay for the stimulus -
- What are you going to see in return?
- Most likely...a whole lot of nothing.
"The credit crisis is over," declared Ian Mathias. "No seriously, it is!" Banking lending rates reached a historic low today. At a wimpy 0.48%, three-month Libor is at its lowest rate since at least 1986, when the British Bankers' Association started keeping track.
The London Interbank Offered Rate (or LIBOR) is a daily reference rate based on the interest rates at which banks borrow unsecured funds from other banks in the London wholesale money market (or interbank market). It is roughly comparable to the U.S. Federal funds rate.
- Compared with its post-Lehman Brothers peak of 4.8%, banks can now lend to each other at practically no cost. Credit, it would seem, is extremely liquid.
- Remember the Libor/OIS spread? It's the complicated ratio of inter- bank lending rates to overnight index swaps that Alan Greenspan famously called a 'barometer of fears of bank insolvency.'
- It peaked at 3.6% basis points in October.
- Greenspan said credit would be in a 'normal' state when the spread hit 0.25%.
- This morning, it shrank to 0.29%.
- That reminds us of a key theme of last week's AF Investment Symposium: Inter-bank credit is flowing, but that's no longer the problem.
- It was once about what banks didn't have - credit. Now it's all about what they've got - bad assets.
Talk about scams... Elliot Spitzer is back in the news. Speaking to MSNBC, the disgraced crime-fighter described the Fed as a "Ponzi scheme":"You look at the governing structure of the New York Federal Reserve."
- it was run by the very banks that got the money.
- This is a Ponzi scheme, an inside job. It is outrageous!!
- It's time for Congress to say enough of this. And to give them more power now is crazy.
- The Fed needs to be examined carefully.
- "Poor Spitzer resigned as governor of New York in March 2008. At the time, he had been warning about sub-prime mortgage loans.
- Some think the feds found a way to silence him - by revealing that he had a bad habit...$1,000-an-hour hookers.
- Investigative reporters maintain that federal enforcement officials had the option of leaving Spitzer out of the news. Instead, the Bush Administration Justice Department decided to out Spitzer.
The former NY Attorney General and Governor had this to say about regulatory reform:
- "Regulatory agencies already had the power to do everything they needed to do," he said. "They just affirmatively chose not to do it.
- "Stimulus is a scam - on both sides of the Atlantic.In Europe the banks have a good hustle going - almost as good as in the United States.
- They borrow money from the European central bank and then lend it back to the government. The ECB loans money at low rates to the banks - hoping to encourage consumer and business lending. In June, for example, the banks borrowed 442 billion euros at a fixed interest rate of 1%.
- Lending to business and households is at its lowest level since record-keeping began - and slowing down, says James Saft in the International Herald Tribune.
- In May, Europe's money supply grew at a 3.5% annual rate, he notes. But lending to the private sector in June slowed to 1.5% from 1.8% a month earlier. Loans to nonfinancial corporations actually fell in May, while lending to households grew at less than 1%.
- If they didn't lend the money out...what did they do with it? Well, they did lend it - back to the people they borrowed it from. In June the banks bought $75 billion worth of government bonds and lent nearly $30 billion directly to European governments.
- Of course, the banks are doing well.
- They earn money without taking the risk of lending to the real economy.
- But what good does it do?
It's all about obama's hatred of America and all it stands for; all it's citizens have!! It's all about obama's need to control more and more of the national economy!! It's all about obama's need to "redistribute the nation's wealth 'to it's rightful owners'" It's all about obama's need to financially protect his campaign donors.
- no co-pays
- no deductibles
- no cost for prescriptions
- Don't worry about pre-existing conditions
- and of course, all free
- it is not taxed, all deductible
1. Firms with fewer than 20 employees account for 18 percent of private-sector jobs but almost 25 percent of net employment growth in the past 15 years; 2. However, small businesses pay nearly 20 percent more for the same health insurance policy than larger firms because of broker fees, administrative costs and adverse selection; 3. While 99 percent of firms with over 200 employees offer health insurance only 49 percent of firms with three to nine employees do. 4. What's needed here IS NOT healthcare reform!!
America has the best healthcare system on the planet!!
How many of your relatives, friends or neighbors have left the United States for better healthcare abroad??
What's needed here IS health INSURANCE reform!!
- The administration should model an insurance plan after that of Safeway, Inc.!!
- The administration should model an insurance plan after the highly successful auto insurance format.
Start with a base monthly rate that reflects the worst in Americans' lifestyles
- Subtract discounts for weight reduction to the recommended levels.
- Subtract discounts for verifyable regular exercise.
- Subtract discounts for gym membership and verifiable use.
- Subtract discounts for an active work environment.
- Subtract discounts for each of several annual/semi-annual tests and exams.
- ....and other lifestyle changes to enhance wellness.