Sunday, September 4, 2011

The Sunday 'Report;' 09/04/2011

What The National Pamphleteers Don't Report:
ProPublica is the left's biggest muckraker you never heard of
By: Ron Arnold
An obscure nonprofit investigative newsroom's editor in chief is paid $585,117 a year and the group gives away its online stories for publication by big-time "partners," including the New York Times, ABC World News, and Associated Press.  The 32 highly paid reporters seem to investigate only things liberals don't like. The newsroom claims to work only "in the public interest" and to focus [....]

6 ordered to give DNA samples in Drenth case
by William Hermann
Aug. 23, 2011
The Arizona Republic
The mysterious death of Phoenix police Sgt. Sean Drenth last year became even more puzzling when five police officers and a city employee persistently refused to give up samples of their DNA to test in the case, even though more than 330 others had voluntarily done so.  Investigators recently got a court order to obtain the samples, and last week collected them when the officers and employee came to work. But the six are not happy about it.  On the night of Oct. 18, 2010, Drenth, 34, was found shot to death near the state Capitol, lying on his back on the ground next to the passenger side of his patrol car. The driver and passenger doors were open.  Drenth reportedly died from a blast from his shotgun, which was found resting [....]

6 Surprising Facts About Steve Jobs And Apple
By Matt Nesto
Aug 25, 2011
It's safe to say most investors are well acquainted with the charisma, drive, and brilliance of Steve Jobs. He's the most well-known CEO in the world, and arguably the best too. His announced resignation as Apple CEO is not unexpected, but is still being met with some degree of shock. Here's a short list of facts (not opinions) about Jobs and Apple that are truly surprising.
1) Not A Single Downgrade Today
Jobs' resignation is arguably the worst news out of Apple (AAPL) in years and the Wall Street crowd didn't even blink. 49 out of 51 analysts currently rate Apple a "BUY" with an average price target of $497 a share (according to Factset Data), which is roughly 32% above yesterday's closing price. The Jobs shocker was met not with a flurry of downgrades and panic selling, but rather with a chorus of reiterations and calls to buy on any weakness.
2) Jobs' Stake in Disney Is Twice As Big As His Slice of Apple
As a result of his Pixar sale, Steve Jobs owns [....]

Another "Lost Decade" Coming Up
Boomer Retirement Headwinds; P/E Expansion and Contraction Demographic Model; Negative Returns for a Decade Revisited
Inquiring minds are digging into a Federal Reserve Bank of San Francisco report that models equity prices and P/E ratios based on demographics. The outlook is not promising to say the least.  Interestingly, the report matches articles I wrote earlier this year based on cycles, not demographics.
First let's take a look at the Fed report, then another look at my previous articles on P/E expansion and contraction followed by a new chart that suggests another [....]

Are members of Congress paid enough?
By Chris Moody
Political Reporter
The Ticket
Aug 29, 2011
Everyone complains about their job now and then, and members of Congress are no exception.  A few lawmakers have suggested in recent months that despite a $174,000 annual salary, generous health care and pensions, and perks for things like travel and mail, being one of the elite 435 ain't always what it's cracked up to be. And when you calculate the hours they put in, the pay isn't stellar either, they say.
The Florida Capital News reported last week on a speech Steve Southerland, a Republican representative, gave to a retirement community in Tallahassee in which he complained about some of the parts of his new job:  "He said his $174,000 salary is not so much, considering the hours a member of the House puts in, and that he had to sever ties with his family business [....]

Ballpark hero: Nationals Park beer vendor saves choking child
By Mark Townsend
August 29, 2011
A season filled with unspeakable tragedy and unfortunate accidents both on and off the field finally has a potentially serious story with a very happy ending.
Emmanuel Marlow, a 49-year-old Washington, D.C., native who works as a vendor at Nationals Park and other stadiums in the district, was making his normal rounds Thursday afternoon shortly after the start of a Washington Nationals game when he noticed a commotion in one of his sections.  A young boy had begun choking on his food and those around him were panicking.  According to a witness who first reported the heroic act to Dan Steinberg of the Washington Post, when Marlow came upon the scene and saw that no one else had taken charge, he immediately abandoned his vending duties and began performing the Heimlich maneuver.  After two unsuccessful [....]

Gibson Guitar CEO: “Obama Justice Department Wants Us to Just Shut Our Doors & Go Away”
by Jim Hoft
August 26, 2011
Henry Juszkiewicz, the CEO of Gibson Guitars, Inc. was on The Dana Loesch Show this afternoon. Gibson is under attack by the the Obama Justice Department for accusations that the company broke American Indian laws.  Juszkiewiz said the government suggested that the company’s use of unfinished wood from India is illegal, not because of U.S. law, but because of the Justice Department’s interpretation of a law in India. The Holder Justice Department raided at least two Gibson manufacturing plants this week forcing hundreds of workers off their jobs. Juszkiewiz says the company lost a million dollars this week.  Finally, Henry Juszkiewicz told Dana, “The Obama Justice Department wants us to just shut our doors and go away.” He says he will continue to fight for the Gibson company and its workers.  Juszkiewicz held a press conference yesterday in front of the Gibson headquarters.  The Obama Justice Department confiscated over $500,000 in materials back in 2009. Gibson is going to court on Monday to discuss a previous request for the government to return the property. 
More… Gibson Guitar CEO: “We’re Being Targeted.”
Still More… Tom W. added this:
Gibson is the only guitar company targeted by the Obama DOJ under the Lacey Act.
Tennessee is a right-to-work state.
Fender, Taylor, Rickenbacker, Danelectro, Carvin, MusicMan, and ESP are in California; Spector is in New York;  Martin is in Pennsylvania;  Guild, Ovation, and Hamer are in Connecticut;  Alvarez is in Missouri;  B.C. Rich is in Kentucky;  Heritage is in Michigan;  Washburn is in Illinois.
All are forced-union states. [....]

Obama shakes up gun agency over botched Mexico sting
By Jeremy Pelofsky
Aug 30, 2011
Something's Fishy About the ATF's 'Fast and Furious' Shakeup
Justice replaces 3 officials over Fast and Furious
WASHINGTON (Reuters) - The Obama administration announced on Tuesday a major shake-up of the U.S. agency that botched an attempt to track weapons smuggled to drug cartels in Mexico after guns were allowed to flow freely over the border.  Kenneth Melson, who has been acting director of the Bureau of Alcohol, Tobacco, Firearms and Explosives since 2009, was reassigned after admitting mistakes in the sting operation meant to try to crack down on weapons reaching violent drug gangs from U.S. gun stores.  In further fallout from the operation, the U.S. attorney for Arizona, Dennis Burke, has resigned effective immediately after acknowledging mistakes in the operation. The lead prosecutor on the case, Emory Hurley, has also been reassigned, [....]

Perry: Pay No Attention to That Amnesty Supporter Behind the Curtain!
August 29, 2011
By Mark Krikorian
Rick Perry’s letter earlier this month to DHS Secretary Napolitano demanding $349 million in compensation for having to house illegal-alien criminals is, I’m afraid, a political stunt — basically, shooting a coyote to distract attention from his bad immigration track record. And there’s a lot to distract attention from:
* Perry supports amnesty for the illegal-alien population, wanting to relabel them “temporary” workers, while playing the same semantic game as other amnesty supporters in denying that his amnesty is an amnesty.
* Ten years ago he signed into law a measure offering taxpayer-funded in-state tuition subsidies for illegal aliens attending state universities (something he still supports).
* He opposes the use of E-Verify even in hiring for state agencies. When challenged last year in a gubernatorial debate, he replied “E-Verify would not make a hill of beans’ difference when it comes to what’s happening in America today.”
* He opposes fencing on the border, creating a false choice between fencing and personnel; as he said in his third inaugural speech: “We must secure the border with manpower, not unmanned walls.”
None of this is to say Perry’s uniquely bad on immigration; he talks a good game about border enforcement and has supported tougher action against sanctuary cities and illegal-alien-hiring employers. But his immigration views put him in [....]

Surprise six-figure salaries

From selling porta-potties to washing windows, these ten go-getters are bringing home six figure salaries working jobs you may not expect.
Drives trucks 600 to 700 miles a day
Name: Jeff McGee
Job: Semi-truck mover
Salary: $160,000
Age: 37
Hometown: Duluth, MN
I got a degree in science and I wanted to be a physician. But when I had a kid, I needed money and I needed it fast.  Since I was getting very few job offers in the medical field, I got a job as a truck driver. I didn't get any sleep, I was overworked and gained lots of weight from sitting in a truck all day and night. And I only made about $45,000 a year.  One day, I got talking with a man in a truck stop who told me how he worked as a semi-truck mover and made over $100,000 a year. So I looked into it and applied for a job.  Now, I deliver semi-truck trailers from one place to another. Not many people know about this industry because it's so much more specialized than just regular truck driving. As a transporter [....]

Cheney Opposed GM Bailout

Former Veep wanted to let Detroit automakers fail.
By Paul A. Eisenstein
The Detroit Bureau
Aug 30, 2011
Former VP Dick Cheney tried to block the bailout of GM and Chrysler.
Former Vice President Dick Cheney was strongly opposed to saving General Motors and Chrysler and tried to convince then-President George W. Bush not to approve a proposed bailout of the floundering Detroit automakers.  Ultimately, the outgoing Commander-in-Chief decided to approve a partial rescue, at a cost of $17.4 billion for GM and Chrysler and another $7.5 billion for Chrysler Financial and what was then known as GMAC. The money helped carry the two manufacturers and their lending arms through until early 2009 when the White House guard changed, newly-elected Pres. Barack Obama authorizing billions more in rescue money.  “Although I understood the reasoning, I would have preferred that the government not get involved and was disappointed — but not surprised — when the Obama Administration significantly increased the government intervention in the automobile industry shortly after taking office,” the oft-controversial Cheney writes in his new memoir, “In My Time.”   The auto industry, as a whole, plunged into its worst downturn since the Great Depression in 2008, and it became increasingly clear, during the final days of the Bush Administration, that at least two of Detroit’s Big Three could no longer survive without a helping hand. The only maker tentatively positioned to make it through the downturn was Ford,  [....]

Syracuse 15-year-old gets two to six years for 7-cent robbery

August 29, 2011,
By Tim Knauss
The Post-Standard
Anthony Stewart received two to six years in juvenile detention for a robbery that netted him and an accomplice seven cents.
SYRACUSE, N.Y. -- A 15-year-old Syracuse boy will spend the next two to six years in juvenile detention and the rest of his life as a felon as a result of his sentencing today for a robbery that netted him and an accomplice seven cents.  Onondaga County Judge William Walsh rejected a defense lawyer’s request to treat Anthony Stewart, of West Onondaga Street, as a youthful offender. That means his felony conviction will remain on his permanent record.  Walsh said he might have ruled differently if Stewart had pleaded guilty, as did his [....]

Do you know your taxpayer rights? Take this quiz
August 31, 2011
By Eva Rosenberg,
LOS ANGELES (MarketWatch) — Every time you get a notice from the IRS, you also get a one-page document on newsprint-type paper, called Publication 1. The title is “Your Rights as a Taxpayer.” Have you ever read it? You should.
Most taxpayers either toss it aside, or lose it in the mass of other frightening papers contained in that envelope — if they open the envelope at all. Such a pity. That is some powerful information, designed to help you navigate the seemingly piranha-infested waters of the IRS pond.  At a focus group conducted by the Taxpayer Advocate Service (TAS) at a recent IRS Tax Forum in Las Vegas, several tax professionals brainstormed ideas to help make this publication more useful and meaningful for taxpayers. We tried to figure out how to turn this into a joyful, positive, helpful tool. (OK, maybe joyful is too much?) But the purpose of this information is to ensure that you understand that you are not helpless in the face of bullying auditors, collections officers, or nasty staff personnel.  One thing we all agreed on is that getting this document with an IRS notice makes it seem like part of the threatening experience represented by the notice. So how can IRS and TAS let you know, in a friendly way, that you have rights?
Here are just some of the ideas:
•Several suggestions involved making Pub. 1 more noticeable when people open the envelope, including putting “Your Rights as a [....]

Indiana linemen flip burning pickup truck, save pregnant woman
By Cameron Smith
September 1, 2011
Linemen spend much of their offseason lifting weights to try and build up as much strength as possible. It's part and parcel of the identity of playing along football's front line. Still, three members of the Forest Park (Ind.) High offensive line took those feats of strength a bit further on Saturday, when they lifted and flipped an overturned, burning pickup truck to save a pregnant woman who was trapped inside.  According to the Dubois County Herald and Forest Park's football booster club website, Anthony Fischer, Austin Kempf and Ethan Knust were entering Rural King, an Indiana chain of farm and home stores, when a car spun out and was involved in a fiery crash.  After traversing a virtual obstacle course just to get to the crash -- the Herald reported that the trio ran through a deep roadside ditch and stomped down a barbed-wire fence just to reach the struggling passengers in the wreck -- the linemen helped the driver out of his trapped seat while flames started to lap against his overturned truck. As soon as he was freed, the driver reached back in to rescue his 3-year-old daughter.  That's when he told the linemen his pregnant wife was trapped inside the truck, and the boys sprang into action. First, the trio got additional help from two other [....]

Party at the ATF Celebrating Gun Control!?

September 3, 2011
Dudley Brown

National Association for Gun Rights
Colorado -–( I’d love to tell you that I’m inviting you to a party in your honor, but unfortunately, I’m not.  There was a party in Washington, DC last week to celebrate……taking your gun rights away.  No, I wasn’t invited. And neither were you. Just federal bureaucrats celebrating gun control.  You are reading that right. Whistle-blowers at CleanUpthe tell us there was an actual party at the ATF to celebrate gun control.  Just to add a little salt to our wounds, the party was thrown with our tax dollars.  After months of opposition and resistance from grassroots gun rights activists like you, Eric Holder and the ATF decided by executive fiat that individuals purchasing multiple types of long guns in southern border states would be reported to the government. 
Yes, that’s right. Gun owners data-based. Put in a system. Tracked.
Sure, they say this is to prevent “drug cartels” and “terrorists” from conducting their business, but I think you and I know the real reason for this new anti-gun program.  Eric Holder, Barack Obama and the rest of this left-wing gun-grabbing administration are out to restrict your gun rights any way they can.  After all, remember the last time the ATF tried to implement a program to stop the “drug cartels” — “Fast and Furious” – the ATF was actually smuggling weapons [....]

Several drivers decline invite to White House
By Jay Busbee
September 2, 2011The news arrived at the bottom of a press release touting NASCAR's impending audience with President Barack Obama. Within hours, the story of who wouldn't be visiting the White House far outshone the story of those who would.  Jimmie Johnson and other members of the 2010 Chase for the Cup will be visiting the White House on Wednesday afternoon. However, the release indicated that five drivers — Greg Biffle, Kurt Busch, Carl Edwards, Kevin Harvick and Tony Stewart — will not be attending [....]

8 Worst Restaurant "Freebies"

By David Zinczenko with Matt Goulding
September 01, 2011
Imagine you’re out shopping for a new car. You arrive at the dealership and find dozens of choices, at a variety of prices. But this particular car dealer has a special bargain for you: He’s got a two-door sitting in his back lot, and just for setting foot in his dealership, he’s willing to give it to you, for free. Free! No charge! Is that a bargain, or what?
There’s only one hitch: It’s a ’74 Gremlin, and it hasn’t run in 25 years. In fact, its engine is so rusted out, it can never run. But if you’re willing to haul it home, it can sit in your front yard forever, collecting pigeon poo, and it won’t cost you a dime. Great deal, right?  No? Hauling home someone else’s useless junk doesn’t appeal to you? Well, this is the kind of deal most of us accept almost every time we eat at a restaurant. Your favorite chains know that people love the word “free,” so they’re willing to give you plenty of free stuff—except that stuff is, for the most part, worthless. It’s the nutritional equivalent of a rusted out Gremlin, but instead of cluttering up your front yard, it’ll be cluttering up your front porch, just above your belt buckle.  And because it's free, we come back for more. That leads to bigger profits for the restaurants and bigger bellies for us. Doesn't sound like such a great deal now, does it? To help you recognize the nutritional garbage, here are most frightening freebies at America's favorite [....]
Until Next Sunday....



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