Tuesday, May 05, 2009
Thursday, April 30, 2009
Tuesday, April 28, 2009
Monday, April 27, 2009
Sunday, April 26, 2009
RUSH IS AN ASS
Saturday, April 25, 2009
Freed US hostage from Somalia tanker slams 'evil' Limbaugh
by Chris in Paris on 4/25/2009 05:01:00 PM
Is it possible for the leader of the GOP to speak without making a racist attack? Sure it's popular among the dwindling members of the GOP but for the rest, not so much. Former hostage Shane Murphy is fed up with blowhards like Limbaugh and has had enough.
"He was worried about the order he had given to wipe out three teenagers on the high seas," Limbaugh said. "Black Muslim teenagers.""You gotta get with us or against us here, Rush," Murphy said. "The president did the right thing...It's a war.... It's about good versus evil. And what you said is evil. It's hate speech. I won't tolerate it."Limbaugh seems to hate America and the American way. The old America that Limbaugh leads still thinks it's OK to spout racist hate speech and that's why they are on the outside looking in.
Freed US hostage from Somalia tanker slams 'evil' Limbaugh
by Chris in Paris on 4/25/2009 05:01:00 PM
Is it possible for the leader of the GOP to speak without making a racist attack? Sure it's popular among the dwindling members of the GOP but for the rest, not so much. Former hostage Shane Murphy is fed up with blowhards like Limbaugh and has had enough.
"He was worried about the order he had given to wipe out three teenagers on the high seas," Limbaugh said. "Black Muslim teenagers.""You gotta get with us or against us here, Rush," Murphy said. "The president did the right thing...It's a war.... It's about good versus evil. And what you said is evil. It's hate speech. I won't tolerate it."Limbaugh seems to hate America and the American way. The old America that Limbaugh leads still thinks it's OK to spout racist hate speech and that's why they are on the outside looking in.
Friday, April 17, 2009
I AGREE . OBAMA'S WRONG ON THIS ONE !
Visit msnbc.com for Breaking News, World News, and News about the Economy
Thursday, April 16, 2009
Sunday, April 12, 2009
Saturday, April 11, 2009
Wednesday, April 08, 2009
I DON'T LIKE WHAT OBAMA'S DOING HERE
Visit msnbc.com for Breaking News, World News, and News about the Economy
Sunday, April 05, 2009
Saturday, April 04, 2009
Tuesday, March 31, 2009
Monday, March 30, 2009
PENSION INSURER SWITCHED TO STOCKS RIGHT BEFORE CRASH -- by Susie Madrak 3-30-09
I've been thinking lately that it makes a lot more sense to have national health care and a national pension plan. This only confirms it:
WASHINGTON - Just months before the start of last year's stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks.
Switching from a heavy reliance on bonds, the Pension Benefit Guaranty Corporation decided to pour billions of dollars into speculative investments such as stocks in emerging foreign markets, real estate, and private equity funds.
The agency refused to say how much of the new investment strategy has been implemented or how the fund has fared during the downturn. The agency would only say that its fund was down 6.5 percent - and all of its stock-related investments were down 23 percent - as of last Sept. 30, the end of its fiscal year. But that was before most of the recent stock market decline and just before the investment switch was scheduled to begin in earnest.
No statistics on the fund's subsequent performance were released.
Nonetheless, analysts expressed concern that large portions of the trust fund might have been lost at a time when many private pension plans are suffering major losses. The guarantee fund would be the only way to cover the plans if their companies go into bankruptcy.
"The truth is, this could be huge," said Zvi Bodie, a Boston University finance professor who in 2002 advised the agency to rely almost entirely on bonds. "This has the potential to be another several hundred billion dollars. If the auto companies go under, they have huge unfunded liabilities" in pension plans that would be passed on to the agency.
[...] Analysts also believe the strategy would not have been approved if the government had foreseen the precipitous decline in the stock market.
Now, they warn about a "perfect storm" scenario in which the agency's fund plummets in value just as more companies go into bankruptcy and pass their pension responsibilities onto the insurance fund. Many analysts say it is inevitable that the agency will face significantly increased liabilities in coming months.
"The worst case scenario is coming to pass," said Mark Ruloff, a fellow at the Pension Finance Institute, an independent group that monitors pensions. He said the agency leaders "fail to realize that they are an insurer of pension plans and therefore should be investing differently than the risk their participants are taking."
WASHINGTON - Just months before the start of last year's stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks.
Switching from a heavy reliance on bonds, the Pension Benefit Guaranty Corporation decided to pour billions of dollars into speculative investments such as stocks in emerging foreign markets, real estate, and private equity funds.
The agency refused to say how much of the new investment strategy has been implemented or how the fund has fared during the downturn. The agency would only say that its fund was down 6.5 percent - and all of its stock-related investments were down 23 percent - as of last Sept. 30, the end of its fiscal year. But that was before most of the recent stock market decline and just before the investment switch was scheduled to begin in earnest.
No statistics on the fund's subsequent performance were released.
Nonetheless, analysts expressed concern that large portions of the trust fund might have been lost at a time when many private pension plans are suffering major losses. The guarantee fund would be the only way to cover the plans if their companies go into bankruptcy.
"The truth is, this could be huge," said Zvi Bodie, a Boston University finance professor who in 2002 advised the agency to rely almost entirely on bonds. "This has the potential to be another several hundred billion dollars. If the auto companies go under, they have huge unfunded liabilities" in pension plans that would be passed on to the agency.
[...] Analysts also believe the strategy would not have been approved if the government had foreseen the precipitous decline in the stock market.
Now, they warn about a "perfect storm" scenario in which the agency's fund plummets in value just as more companies go into bankruptcy and pass their pension responsibilities onto the insurance fund. Many analysts say it is inevitable that the agency will face significantly increased liabilities in coming months.
"The worst case scenario is coming to pass," said Mark Ruloff, a fellow at the Pension Finance Institute, an independent group that monitors pensions. He said the agency leaders "fail to realize that they are an insurer of pension plans and therefore should be investing differently than the risk their participants are taking."
Sunday, March 29, 2009
Saturday, March 28, 2009
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