The FBI has begun a criminal inquiry into the largest U.S. mortgage lender, Countrywide Financial Corp, for suspected securities fraud as part of investigations into the mortgage crisis, The New York Times reported in Sunday editions.
This weekend I'm working on the format and some other features.
The site may change or you might see test posts periodically.
Over on the left bottom, you will see an up/down arrow. This is a voting module. By default all blog posts go to the front page. Any blog post receiving negative points(votes) can be removed from the front page by user consensus.
Any forum topic that receives enough positive points will be promoted to the front page. If a post receives enough negative votes(points) it will be unpublished.
Comments are also rated and with enough negative ratings will disappear from the site. Positive ratings over time will give that user more site privileges.
The idea here is to generate a front page that are the best writings and the most reasoned blogs. Registered fellow bloggers determine the content versus just myself as arbitrary dictator on high.
Private sector jobs lost for 3rd consecutive month in February; wages likely again failed to keep up with prices as recession starts to bite.
Today’s BLS jobs report from February should finally put an end to the sucker-hype that has until now continued to deny the recession that likely started in December. The BLS’ downward revisions today to their earlier jobs estimates for December and January are now consistent with virtually all of the previous economic information.
The private sector is now shown to have lost a net of -14,000 jobs in December, lost another -26,000 jobs in January, and lost another -101,000 jobs in February; a total of -141,000 private sector jobs lost over the past three months.
An Interesting New York Times, Op-Ed shows that Reagan was not completely free trade nor is this a conservative value.
I have to agree with Robert E. Lighthizer via this op-ed, and we see so many Paleo-conservatives who are looking at the results of these trade agreements along with Progressives and Populists and shouting from the rooftops for reforms pretty much along with us.
President Reagan’s pragmatism contrasted strongly with the utopian dreams of free traders. Ever since Edmund Burke criticized the French philosophes, Anglo-American conservatism has rejected ivory-tower theories that disregard the realities of everyday life.
Oh yeah, before you start, I'm not saying that nothing is said about this issue or that the citizenry does not rank this festering sore created by Mr. Decider, 'Lil Boots', George W. Bush, America's Greatest Conservative President God save him and keep him safe in Paraguay....home of all fascist scum. Nor am I going to continue arguing with those who say that since the One Million Iraqis killed by Herr Leader are not Amerikkkan citizens that we, you and I, homer are not living in a Fascist State. Nope....I just want to bring your attention, as I have many times before, to the most important of all measures for Amerikkka.
There is a storm brewing in that billions of US taxpayer money are being offshore outsourced to build critical national defense technology and Congress is feigning outrage on it.
Mr. President, last Friday, I stood on the floor of the 767 line with workers in Everett, Washington, who put their heart and soul into making Boeing airplanes. I was there as those workers learned that after 50 years the Air Force no longer wants them to build its refueling tankers.
I saw the dismay in their eyes as they learned that their government is going to outsource one of the largest defense contracts in history – to the French company Airbus. It was devastating news for Boeing, for American workers, and for America’s men and women in uniform
The crisis in household finances: total hours worked and real compensation per hour both declined in Q4 and yr/yr ...worse than previously reported.
The details of today’s revised BLS report on Q4 productivity and costs are again very instructive on the state of the economy.
According to the BLS, total non-farm output in 2007-Q4 grew by even less than the BLS had estimated last month; 0.27% annualized growth rather than their earlier estimate of 0.35%. It is important to note this small downward revision to the original estimate of virtual stagnant output because the headline (and virtually only media “reporting”) is that non-farm productivity growth was revised slightly upward from the initial 1.82% annualized rate to 1.85%.
One of my big problems is that I can never come up with an eye-catching title for my postings. Currently I'm considering (suggestions needed):
Protecting Citizens - the Failures
The Basic role of government is to protect its citizens. What this means has changed over time, originally it was not more than protection from foreign marauders. Let's see how the administration brought in by the Gingrich "revolution" has done.
Failed to prevent 9/11 attacks even though it had explicit warnings and was tracking several of the key conspirators. Of course, no one can catch all such attacks, as the ones in Spain and London also showed, but it is one thing to be unaware of a plot and quite another to dismiss existing intelligence information.
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