As the year comes to an end, dysfunctional Congressional politics continues to dominate the headlines, and rightly so.
Our politicians are scrambling to deal with a mess that they created all on their own — a fiscal cliff that risks pushing the country into recession. And while a last minute “micro deal” is still possible, there will be little celebration, nor should there be.
Whatever transpires in the next few days, [...]
With pork costs rising, Great Britain is facing a bacon and sausage shortage as pig farmers cut back on herd size. But the problem may soon become global.
In a recent press release, the U.K.’s National Pig Association is warning that a “world shortage of pork and bacon next year is now unavoidable“:
“New data shows the European Union pig herd is declining at a significant rate, and this is a [...]
Either one particular home in South Florida is really, really crowded, or there’s something shady going on.
In 2010, 741 tax returns were filed to the federal government from a single address in Belle Glade, Fla., the South Florida Sun-Sentinel reports. In response, the Internal Revenue Service issued over $1 million in combined tax refunds to that address, which is, y’know, embarrassing.
Most or all of those returns were probably filed by identity thieves, [...]
Senate-passed bills to cut farm subsidies and food stamps and overhaul the financially teetering Postal Service have been put on hold by House Republican leaders wary of igniting internal party fights or risking voters’ ire three months before the election.
The House is scheduled this week to take up a bill to replace the Obama administration’s offshore drilling plan, and the Senate will ignore it, and some measures to reduce [...]
Besides zombies, Americans also have to worry about ball-eating fishes lurking in their lakes!
When biologists say the pacu fish eats nuts, they may be correct in more ways than one.
The pacu, a toothy fish that can weigh up to 55 pounds, has been spotted in Lake Lou Yaeger in Illinois, KSDK reports.
Responding to a report that a fisherman had reeled in a piranha on June 7, lake superintendent Jim Caldwell brought the [...]
NEW YORK — The unthinkable suddenly looks possible.
Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system.
The worst case envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of the financial crisis in the fall of 2008.
A Greek election on Sunday will determine whether it [...]
Goldman Sachs is preparing for possible sovereign defaults in Europe, the company’s CEO said Friday.
“It’s in the nature of contingency planning and we plan for a number of contingencies” including defaults, Lloyd Blankfein said Friday after testifying in federal court at the insider trading trial of former Goldman director Rajat K. Gupta. “If it does happen, it would be irresponsible for us not to engage in contingency planning.”
Blankfein did not [...]
Donna Dewitt, the president of the South Carolina AFL-CIO, has spent two years doing battle with Republican Gov. Nikki Haley. At a picnic this past weekend, Dewitt put on whatshe thought was a playful demonstration of her feelings toward the South Carolina governor and GOP star — by taking a baseball bat to a pinata bearing Haley’s face, to the enthusiastic cheers of her fellow progressives.
By Tuesday afternoon, Haley had posted [...]
Don’t worry, Jamie Dimon. Even in the Facebook mess, you are not forgotten.
Kansas City Federal Reserve President Esther George on Thursday said in a press release that bankers who failed to uphold the “integrity, dignity and reputation” of the Fed are required by the Fed’s standards of conduct to step down from the board of the New York Fed, a key regulatory hub for Wall Street.
Though she didn’t call Dimon out by name, [...]
Another bank is raising fees.
U.S. Bank is bumping up overdraft fees for all its accounts beginning June 29, the Minneapolis-based bank confirmed on Wednesday. The bank’s new $35 overdraft fee brings it in line with the country’s biggest financial institutions, including Bank of America.
“This change is part of an overall review of our deposit fees which will include the elimination of other fees,” said bank spokeswoman Teri Charest. The bank, [...]
When one searches for “Homer,” Google gets confused. Does it refer to the cartoon character? The Greek epic poet? The fishing town in Alaska?
The search engine spits back a list of blue links with information about all three, and displays images of Homer Simpson’s bald yellow noggin, side by side with marble busts of the famous poet. Diving into the details about the cartoon, town or ancient Greek requires [...]
JPMorgan Chase CEO Jamie Dimon says he does not know whether the bank broke any laws in the surprise $2 billion loss by one of its trading groups.
In an interview with NBC’s “Meet the Press,” Dimon says regulators should look at the matter.
“We are totally open to regulators, and they will come to their own conclusions,” he says. The full interview airs Sunday. Excerpts were released Friday by NBC.
Rep. Michele Bachmann (R-Minn.) has been granted citizenship in Switzerland.
Becky Rogness, a spokeswoman for the conservative congresswoman, said in a statement, “Congresswoman Bachmann’s husband is of Swiss descent so she has been eligible for dual-citizenship since they got married in 1978.” She added, “However, recently some of their children wanted to exercise their eligibility for dual-citizenship so they went through the process as a family.”
Bachmann herself discussed the news with a Swiss television station. The [...]
Alan Greenspan said something about the budget deficit on Tuesday.
The reason this is “news” is because it is shocking that Alan Greenspan is still allowed ever to speak publicly about matters of importance, when the national interest would perhaps be better served by having Alan Greenspan carted around the United States in stocks, giving citizens the opportunity to hurl tomatoes at him.
What ever did the august former chairman of [...]
In a closed-door speech to donors at a private home in Florida on Sunday, Mitt Romney was unusually candid about his policy plans, offering details about what he expects to implement if elected president in November.
According to NBC News, the former Massachusetts governor said he may decide to eliminate several government agencies, including the Department of Housing and Urban Development, which was once led by his father, George Romney.
“I’m going [...]
WASHINGTON — The Treasury Department is worried that the high political cost of some of its key economic intervention programs — most notably, the bank bailout — will deter future officials from undertaking meaningful action in the midst of a future crisis, senior officials said at a background briefing Friday. To win back the public, agency officials are doing what any good economist would do: hoping some persuasive charts [...]
Paul Volcker sounded off on critics of President Obama in an interview with CBS’s Anthony Mason.
Asked whether he agrees with accusations that the president is waging class warfare by pushing for Wall Street reforms and higher taxes for the rich, Volcker said, “I don’t understand the depth of that feeling. I really don’t. This business that he’s a great socialist and out to undermine the free enterprise system and so [...]
Though lots of people grumble about the government bailing out banks in the financial crisis, we have at least taken some comfort in the idea that the government has turned a profit on that bailout.
Only problem is, that profit comes from taxpayer money — money that was meant to spur banks to develop communities and help small businesses. Instead they’ve used it to develop and help themselves.
All told, including dividend, interest [...]
Faced with a $200 million deficit accumulated over the past five years, Sacramento, Calif., like many other struggling municipalities, is severely cutting back.
In the span of less than a year, California’s capital has cut public workers, closed public facilities, and now is contemplating a plan to liquidate public assets to hold on to its NBA team.
But the city’s mayor is coming under fire for one money-saving cutback that a United [...]
First Posted: 02/ 7/2012 5:52 pm Updated: 02/ 8/2012 5:32 pm
The widely-held notion that women lose interest in sex after marriage has been debunked, according toa recent survey.
The findings, which were released Tuesday byiVillage.com, an online news source for women, suggest that 75 percent of wives said a healthy sex life is important to them.
“This research sets the record straight: married women definitely value good sex in their relationships,” said Liz Zack, editorial [...]
AUSTIN, Texas — A federal judge in Austin said Monday that he couldn’t block a Texas law requiring women to have a sonogram before having an abortion any longer because an appeals court had ordered it to take effect.
District Judge Sam Sparks earlier ruled parts of the law unconstitutional, but his latest ruling said he’s bound to follow the direction of the New Orleans-based appeals court, which said last [...]
WASHINGTON (HUFFPOST)– In a stunning break with First Amendment policy, House Republicans directed Capitol Hill police to detain a highly regarded documentary crew that was attempting to film a Wednesday hearing on a controversial natural gas procurement practice. Initial reports from sources suggested that an ABC News camera was also prevented from taping the hearing; ABC has since denied that they sent a crew to the hearing.
Josh Fox, director of [...]
Republican state senator in Oklahoma has introduced a bill banning aborted human fetuses in food, despite the fact that there are no known foods or food products that actually contain aborted fetuses.
Sen. Ralph Shortey of Oklahoma City introduced on Tuesday Senate Bill 1418, which prohibits “the sale or manufacture of food or products which contain aborted human fetuses.” He says he based the bill on an article he read online about an [...]
01/11/12 07:55 AM ET
LONDON — Five men are on trial in Britain for allegedly distributing leaflets calling for gay people to be killed, charged under a new law that makes such actions a hate crime.
The men allegedly gave out flyers titled “The Death Penalty” that showed a noose and said gay people would be punished. Two other leaflets were used to publicize a protest against a gay pride march in [...]
WASHINGTON — The federal government is moving to ban the sale of some popular rat and mouse poisons, such as D-Con and Hot Shot – in an effort to protect children and pets.
The Environmental Protection Agency says it is taking the step to reduce the thousands of accidental exposures of children that occur every year from rodent-control products.
The EPA gave pesticide manufacturers until last week to research, develop and [...]
WASHINGTON — Facing bankruptcy, the U.S. Postal Service is pushing ahead with unprecedented cuts to first-class mail next spring that will slow delivery and, for the first time in 40 years, eliminate the chance for stamped letters to arrive the next day.
The estimated $3 billion in reductions, to be announced in broader detail on Monday, are part of a wide-ranging effort by the cash-strapped Postal Service to quickly trim costs, [...]
The lines between Thanksgiving day and Black Friday are blurring this year and some aren’t happy about it.
More than 15,000 people have signed a petition at Change.org asking Target not to open at midnight on Thanksgiving as planned and to open at 5 a.m. on Friday instead to allow workers to spend more time with their families. Anthony Hardwick, an Omaha, Nebraska-based Target employee, said he started [...]
WASHINGTON — The Obama administration is introducing a new program on Monday designed to lower monthly mortgage payments for more troubled homeowners.
But a key new condition in the plan would shift the financial liability for refinanced loans from Wall Street banks to the American taxpayer. And by focusing on lower payments, the program does not confront what housing experts view as the core problem [...]
WASHINGTON (Dave Clarke) – Regulators are considering holding Wall Street chief executives legally liable if they allow certain types of proprietary trading on their watch.
Regulators due to reveal the Volcker rule proposal next week are expected to ask whether CEOs should have to certify, or “attest,” that their bank has put in place the proper systems to make sure no proprietary trading is taking place.
As organizers prepare for President Obama’s massive fundraiser and birthday bash in Chicago, Republicans and Democrats continue to argue over raising the country’s debt ceiling to avoid default. If an agreement is not reached soon, the Chicago Sun-Times reports that the man of honor won’t be attending his own party.
“The president is doing the job the American people elected him to do and that is what [...]
07/22/11 10:14 AM ET
NEW YORK — Borders Group begins liquidation sales at all of its 399 stores as the 40-year-old chain winds down operations.
A liquidation company that is part of the process said late Thursday that the sales will be held starting Friday at all 259 Borders superstores, 114 Borders Express and Waldenbooks, and 26 Borders airport stores.
Gordon Brothers Group, part of a group of [...]
This is the face of something that kills close to 40,000 women each year.
In most cases breast cancer isn’t visible until it’s a real problem. But the image below gives an incredible up-close look at exactly what happens to a breast cell when it becomes cancerous.
Researchers at the University of Jordan dehydrated and then fixed this cell in place before viewing it under an FEI Inspect microscope. Under [...]