I love buying when there is blood in the streets.
When negativity hits its apex and everyone is down on a particular stock, sector or economy, it's often a sign it's time to . . . → Read More: The 3 Best Stocks To Play China’s Still-Amazing Growth
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The Consumer Financial Protection Bureau has a hotline for complaints, as well as a process to lodge complaints at their website. They have begun to release those complaint reports, and here's a giant surprise: the plurality of the complaints are on[...]
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When the euro was launched, the European Central Bank (ECB) held approximately 15% of its assets in gold. That ratio has remained reasonably stable, giving rise to a variety of chatter, including suggestions that . . . → Read More: Gold at ECB: Accident or Strategy?
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Mitt Romney has answered a grand total of three questions from the American press pool traveling with him on his overseas adventure. When they tried to get him to answer their fourth earlier today, hilarity ensued:
A Mitt Romney aide told reporters to ?shove it? Tuesday morning after the American press corps here shouted questions at the presidential candidate.But even though Romney ignored the press questions, traveling press secretary Rich Gorka lost his cool, commanding reporters to "show some respect" because they were about one hundred yards from Warsaw's Tomb of the Unknown Soldier. "Kiss my ass," Gorka said. "This is a Holy site for the Polish people." And as a reporter began asking another question, Gorka once again demanded reporters to "show some respect."
As Romney was walking away from Pilsudski Square toward his vehicle, reporters asked him about his string of gaffes and whether he had any comment for Palestinians, some of whom took offense at the Republican?s suggestion Monday in Jerusalem that Israel?s economy is superior because of cultural advantages Israelis enjoy. Romney ignored the questions and got in his car.
Given how badly Romney's trip has gone, it's hard to blame Gorka for losing it. And given how frequently the Romney campaign speaks out of both sides of its mouth, it's not at all surprising that he told reporters to show respect while simultaneously telling them to kiss his ass. And if you think there's anything wrong with that, apparently you can shove it.
FHFA leader Ed DeMarco has indefinitely put on hold the question of whether he will allow Fannie Mae and Freddie Mac to offer principal reductions to delinquent underwater borrowers. He's actually said nothing about it publicly since April. But Nick[...]
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The famed-even-in-America Polish union Solidarity wants to be sure that no one thinks it agrees with its former leader's effective endorsement of Mitt Romney. In response to Lech Walesa telling Romney "I wish you to be successful because this success is needed for the United States of course, but for Europe and the rest of the world too," the leaders of Solidarity released a statement making clear that the union "is in no way involved" in Romney's trip to Poland or meeting with Walesa:
Regretfully, we have learned from our friends in the American trade union central AFL-CIO representing over 12 million workers about Mitt Romney's support for attacks against trade unions and labor rights. [...] NSZZ "Solidarnosc" will always support the AFL-CIO in their struggle for the right of workers to organize and bargain collectively.Walesa, who was president of Poland between 1990 and 1995, is remembered for his role as a co-founder and early leader of Solidarity, but he split with the union's current leadership several years ago and obviously split with the concept of solidarity with workers in his support for Romney.
Darcy Burner is in a very tight primary race in Washington state against a very wealthy, self-funded "centrist" Democrat ? one who may be a felony violator of Federal election law, by the way. It's the classic race between a real progressive and one of those "Democrats" loved by DCCC-style Washington. Darcy Burner's primary is next week. She needs your help to win. Here's Alan Grayson to...
enlargeHere's Bill Keller with Judith Miller, his favorite fabulist and war-mongering protege. Jeeves, where is my car?
Bill Keller is such a punk-ass, social-climbing member of the elite that he has NO IDEA AT ALL what he's really talking about. None. He just knows that Very Important People told him it's important to cut Social Security and Medicare, and he took the ball and ran with it.
He trusts his own kind of people. After all, his father George was Chairman of the Board and CEO of the Chevron Corporation.
I guess he forgot that baby boomers actually overpaid into Social Security as a result of Reagan's plan to fund his tax breaks for the rich? (Whatever happened to institutional knowledge in journalism?) Fortunately for the rest of us, Charlie Pierce remembers these things and reminds us why we're so lucky he's not the Times editor anymore:
Those of us ? like me and Newt Gingrich ? who thought the SuperCommittee was a stupid idea, and who also recall that the now-fetishized Simpson-Bowles "plan" couldn't even muster enough support within the S-B commission to be presented to the Congress, still live in dread that a Grand Bargain is out there, growing big and strong in the mist-shrouded terrarium in which our political elites do their business.
On Monday, Bill Keller, who never will have to worry for a moment how much that MRI will cost that his doctor says he really needs, wrote a truly loathsome column in which he advised "greedy" baby-boomers like me to abandon our mooching ways and cast off the freedom-stifling shackles of our minimal social safety net, for the good of the country, y'unnerstan'? Quoth the old boss:
The Republican plan espoused by Mitt Romney and his fiscal lodestar Paul Ryan would cut the cost of entitlements largely by moving toward privatization: personal investment accounts for Social Security, vouchers for Medicare. And it's not at all clear the Republicans would assign any of the savings to investing in our future. At least the Republicans have a plan. The Democrats generally recoil from the subject of entitlements. Centrists like those at Third Way and the bipartisan authors of the Simpson-Bowles report endorse a menu of incremental cuts and reforms that would bring down costs without hitting the needy or snatching away the security blanket from those nearing retirement.
This is a man speaking fluent terrarium right there. I defy Bill Keller to last a week living only on those benefits available to the greedy boomers, especially after the Simpson-Bowles cargo cult ? to say nothing of the zombie-eyed granny-starver Paul Ryan himself ? are through with them. I defy him to make it for a day. The "we" sprinkled throughout this bag of pus is probably the most noxious thing about it. Look around, Bill. You and Mitt Romney have far more in common than do you and the overwhelming majority of your "fellow" boomers. One catastrophic illness, and many of our families die on the vine. This is not hyperbole. This is how it works in the world. And, to the surprise of absolutely nobody, Keller signs on with the clowns at Third Way, who assure us that the real problem is that the elderly moochers are the ones keeping us from building new bridges, or flying to the moons of Neptune. Jesus H. Christ on a Lipizzaner, we've had forty years of demonized government, and 40 years of quack economics, and tax-cuts until hell won't have them, and the reason our infrastructure is falling apart is because some retired ironworker gets $1200 a month? How much of a courtier do you have to be before the taste of caviar makes you nauseous?
And Nice Polite Republicans, too. Ladies and gentlemen, your librul media!
Support your local blogs, because these people certainly aren't looking out for your interests.
Joianne Fraschilla is a lesbian mom in New Jersey whose son has been eager to visit the petting zoo at the WhiteBriar Bed & Breakfast they pass by regularly. This week, they noticed a sign outside the B&B promoting tomorrow’s “Chick-fil-A Appreciation Day” organized by Mike Huckabee, as well as the message “One man, one woman, one God.” Fraschilla wrote on the B&B’s Facebook wall that she would not be bringing her son there because she was disappointed a local business was anti-equality. She received the following response, presumably from WhiteBriar co-owner Carole Lokan-Moore:
Isn’t it wonderful Joanne Fraschilla, that you and your son can enjoy the animals here because I have a traditional marriage with a husband who works with me 90 hours a week to take care of these animals, and the summer camp….we’re 66-68 years old….there were no gays or queers in our time…..if two old ladies chose to live together..so be it, let them deal with God when they get there…but to have the “face sucking” thrown in my face of two gay lesbians who are totally destroying the “normal balance in a child’s life” as you claim your son…where is the role model that your son needs to know how to act like a man? or will he only see the “one sided selfishness” of a “single parent”…and end up an out cast in society by being “gay” himself because he didn’t have a father as a role model. I’ll pray for you….remember what the bible says: “Lay down with dogs, get up with fleas”…..guess that’s why God invented aids…
THIS LOCAL BUSINESS WILL BE ONE MAN ONE WOMAN ONE GOD MAKES MARRIAGE….AND PROUD TO DO SO….YOU SHOULD BE SO LUCKY TO OWN YOUR OWN BUSINESS
Fraschilla has started a Change.org petition calling on WhiteBriar to apologize for the indefensible comment. It’s worth noting that Lokan-Moore ran for the New Jersey Senate, but lost in the GOP primary having garnered only 416 votes.
Many conservatives have asked why it matters what Chick-fil-A president Dan Cathy personally believes, and the very easy answer is that words hurt. Cathy’s use of language of condemning marriage equality as “twisted up stuff” that invokes God’s wrath upon society invites others to do the same, complete with AIDS-is-God’s-punishment-for-homosexuality embellishments.
A new report by the Credit Suisse Research Institute shows that businesses with women on their boards outperformed comparably sized companies with all-male boards by 26 percent, suggesting that a mixed-gender board provides an important boost for a business. According to the study:
Our key finding is that, in a like-for-like comparison, companies with at least one woman on the board would have outperformed in terms of share price performance, those with no women on the board over the course of the past six years. [...]
In the middle of the decade when economic growth was relatively robust, there was little difference in share price performance between companies with or without women on the board. Almost all of the outperformance in our backtest was delivered post-2008, since the macro environment deteriorated and volatility increased. In other words, stocks with greater gender diversity on their boards generally look defensive: they tend to perform best when markets are falling, deliver higher average ROEs through the cycle, exhibit less volatility in earnings and typically have lower gearing ratios. We can therefore conclude that relative share price outperformance of companies with women on the board looks unlikely to be entirely consistent, but the evidence suggests that more balance on the board brings less volatility and more balance through the cycle.
When it comes to the upper echelons of U.S. business, many barriers to women still exist. In one specific example, women make up more than half of the financial industry’s workforce, but fewer than 3 percent of U.S. financial companies employ a female chief executive. Overall, 36 percent of U.S. companies have no women on their boards of directors. Moreover, a female CEO makes only 69 cents for every dollar that a male CEO makes.