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A triple storey penthouse on top of one of New York’s best hotels is due to break the record books by going on sale for an eye-watering $120million. The 12,000 square foot penthouse on the top three floors of the luxury Pierre hotel is predicted to sell for up to $120million which would make it New York’s most expensive piece of real estate and one of the country’s most expensive homes. It [...] from Sovereign Man: Tax policy really tells you a lot about a government… what politicians’ values and priorities are. People can SAY anything, but in a way, tax policy is putting their money where their mouths are. For example, politicians like to talk about technology, efficiency and transparency. But just take a look at the tax code to see where they really stand. Estonia’s Taxation Act of 2002, which form the preponderance of [...] Donna Anderson More than 200 workers from 28 Walmart stores in 12 different cities walked off the job on Tuesday, only the second multi-store strike in Walmart history. Converging on the annual investors meeting being held in Walmart’s hometown, Bentonville, Arkansas, the group issued the following ultimatum: Stop retaliating against workers trying to organize or Black Friday 2012 will indeed be one for the record books. If Walmart doesn’t [...] Exactly 80 years ago to the day, an inexperienced meteorologist recorded Earth’s hottest-ever temperature. On September 13, 1922, the thermometer hit 58C (136.4F) in El Azizia, Libya, instantly dismissing the searing 57C (134F) measurement made in the baked Californian sun of Death Valley nine years earlier. However, ‘detective meteorologists’ have now over-turned Libya’s hotly-contested reading, after deeming the reading inaccurate. So the official new world record is now held by the Greenland Ranch [...] From Megan Greene, Roubini Global Economics: Before you take off for your August holiday, you should probably be aware of what you’ll be coming back to in the eurozone (EZ) in September (warning: the following may make you decide not to come back). For the second September in a row, developments in the EZ have the potential to be highly dramatic, and this time not just in the weaker, peripheral countries. … [...] The sweltering heatwave of the last few weeks helped make this year the hottest on record so far, officials revealed today. The last 12 months also have been the warmest in the continental United States since modern record-keeping began in 1895, according to the National Oceanic and Atmospheric Administration. Every state except Washington had warmer-than-average temperatures for the June 2011-June 2012 period. The national average temperature over that period was 56 degrees, 3.2 [...] He was the first Pakistani to win a Nobel prize in physics after he predicted the existence of the so-called ‘God particle’, but in his home country Abdus Salam’s achievements have been written from the record books. Despite being a leading figure in Pakistan’s space and nuclear program Salam was shunned by Muslim fundamentalists when they took control of the country in the 1970s. Although he was a Muslim, the [...]
A scorching heat wave is gripping much of the eastern two-thirds of the nation, setting an astonishing number of temperature records. More than 3,000 temperature records have been shattered in the U.S. this past week, from June 28-July 4, 2012, according to NOAA. The tally of record high temperatures during the time period is 2,253, and the tally of maximum low temperature records is 936. From July 1-July 4 alone, more than 1,000 [...] Paul Joseph Watson Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) agents have been visiting gun shops in Alaska and asking for records of firearms sales, stoking fears that the federal agency is building a list of gun owners in the state. According to the Alaska Dispatch, earlier this year two gun shops in Alaska “reported that ATF agents had asked for their books, and both turned [...] Canadian stuntwoman reached 46mph on the motorised loo It’s not just toilet humour – a Canadian stuntwoman has ridden her way into the record books on the fastest loo in the world. Jolene Van Vugt, 31, managed to reach 46mph on the motorised toilet in the most rushed bathroom break of all time. Ms Van Vugt’s remarkable achievement unseated previous record-holder, Edd China, who [...] To backup, the JOBS act has been called the “crowdfunding act” because it lifts various regulations on startups raising money, and how many shareholders it can have. The JOBS Act has been hailed as a bipartisan triumph. Here’s the left’s response, per Rolling Stone’s Taibbi: The JOBS Act “couldn’t suck worse.” It will nearly legalize and encourage fraud on Wall Street. And it completely goes against the populist anger against Wall Street that sparked Occupy [...] From Colorado to Florida, 41 states are pulling out the record books, as the National Weather Service confirms they have had their hottest march on record. Trend-setting Chicago was among record-breaking cities. It reported an average temperature of 53.5 degrees, topped the previous mark of 48.6 degrees, set in 1910. Chris Dolce, a weather.com meteorologist, described the 4.9 degree leap as said: ‘pretty amazing’, especially given that records date back to 1871. Chicago’s [...] Zimbabwe failed to break Hungary’s 1946 world record for hyperinflation. That said, Zimbabwe did race past Yugoslavia in October 2008. In consequence, Zimbabwe can now lay claim to second place in the world hyperinflation record books. Highest Monthly Inflation Rates in History Country Hungary Zimbabwe Yugoslavia Germany Greece China Via Brian Rogers of Fator Securities – Notes From The Sales Desk “The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” – Thomas Sowell
The EUR lives to fight another day The big news this morning, aside from the relatively strong economic data out of the [...] Thunderstorms packing winds of 75 mph knocked out power to about 817,000 Commonwealth Edison customers this morning, the biggest outage from a storm in at least five years. As of 3 p.m., Commonwealth Edison said 561,000 customers were still without power: 282,000 north of the city, 126,000 west of the city, 92,000 in Chicago and Maywood and 60,000 in south suburbs. Following the storm, a total [...] |
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