Nothing of Crying

Melody c. barnes

Ξ November 26th, 2008 | → 2 Comments | ∇ Uncategorized |

Detroit and the Pittsburgh Casino loan

By Fester:

This is purely an information question for my own curiosity.

The Rivers Casino nee Majestic Star was in trouble earlier this year as the original financing fell through due to a combination of the credit crunch and Don Barden’s company’s shaky finances. The new deal was a private equity buy-out that included several loans, one of which was guaranteed by Detroit’s municipal pension plans. Press release is here: Download News_20080819

the project cost is estimated to be approximately $780 million, with the new ownership guild investing over $200 million of new cash equity into the project. $405 million commitment be provided by a consolidate of lenders for which credit suisse acts as agent. in addition, $150 million will be provided by a syndicate of lenders for which key bank acts as agent. this $150 million will be guaranteed by two detroit pension funds.

Between the combination of a possible GM bankruptcy with the attendant job and revenue destruction, the massive drop-off in consumer discretionary spending (which casino gambling is a component of) and increased counter-party risk, I wonder what the value of that guarantee is? Those loans have to be getting risky right about now… I wonder what the impact is on the construction schedule if the investors/lenders get very nervous?

Melody c. barnes

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James kirk

Ξ November 23rd, 2008 | → 1 Comments | ∇ Uncategorized |

The Double Threat of Libiot Republicans Like Christie Todd Whitman

by Sam Pierce

I know this post will expose me to criticism as a nasty pro-lifer who also happens to be a denier of the left’s second major sacrament, anthropogenic global warming. I welcome those criticisms for two reasons. First, I am proud to have a moral compass and enough common sense to realize that the climate changes? naturally. Second, I enjoy when libiots expose their character flaws.

James kirk

I was reading a Roll Call column by former New Jersey Governor Christie Todd Whitman and I had an epiphany. Here we have a Libiot Republican that truly poses a double threat. I already knew Governor Whitman held a despicable viewpoint in regards to the slaughter of innocents in the womb (being for the slaughter of innocents in the womb qualifies as despicable.) So as I read her compilation of organic fertilizer, “We Can Win The Battle Over Climate Change,” I began to put two and two together. Actually, I began to see CO2 as a common thread that runs through this libiot’s stated positions.

From her column:

The 111th Congress and the incoming Obama administration together are preparing to meet significant challenges at home and overseas ? and topping the list is putting our faltering economy back on the path of growth.

while there will be a temptation to zip all other priorities aside, i would admonition our elected leaders not to ignore what i believe is one of the most pressing long-term issues facing our economy and our environment: how we continue to fasten the get-up-and-go we determination need for the next 100 years without at damaging planet earth.

Voters of both major parties want affordable, reliable energy that does not pollute the air. Energy issues garnered significant applause when both candidates spoke to their party conventions about the issue. Americans clearly care about energy costs. They care

about avoiding the continued emission of carbon into our atmosphere, and they care about achieving energy independence for our country. As well they should.

While I certainly don’t take issue with the desire for new sources of energy or the desire to pollute as little as possible, I do take issue with this disciple of Al “Beached Whale” Gore’s focus on “emission of carbon.” This former libiot Republican Governor (or the female Arnold Schwarzenegger) supports a “Cap and Trade” system. In other words, she supports kicking American industry while it is down in the name of the great anthropogenic global warming scam!

Does Whitman’s crusade against carbon emitters explain her support of the slaughter of innocents in the womb? Perhaps her environmentalist nut-job core informs her abortion stance. After-all, for every baby that is not allowed to be born, that is one less carbon dioxide emitter “polluting” Al Gore’s environment.

Of course in true libiot form, the necessity of carbon dioxide and the fact that humans exhale it must be ignored in any discussion. All we should know is that it is a greenhouse gas and therefore must be bad! We are also expected to ignore the fact that water vapor is a greenhouse gas? or maybe we should cap water?

Imagine the day when these libiot Repubs and their accomplices in the new Democrat majority realize their goal and our economy is properly and artificially restricted by their crippling policies. Of course, given Obama’s infanticide priority , Governor Whitman’s double threat could be a sad reality.

Cross-posted at: Malignant Liberal Idiocy

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Eric lloyd

Ξ November 23rd, 2008 | → 1 Comments | ∇ Uncategorized |

Weekly Economic Potpourri November 22, 2008

every week there are a numerous headlines that are worthy of mentioning but i simply run out of occasion. here are some tidings items from around the orb from this past week.obama targets 2.5 million jobs with stimulus plan president-determine barack obama said he aims to save or create 2.5 million jobs in a two-year programme to stimulate an economy facing a “crisis of historic proportions.”"it’s likely to get worse before it gets better,” obama said today in his weekly radio hail. he said that this week “financial markets faced more turmoil,” potentially primary to a “deflationary spiral” that may plunge the nation patronize into debt and cost millions more jobs.”we accept now lost 1.2 million jobs this year, and if we don’t operation in a trice and boldly, most experts now believe that we could lose millions of jobs next year,” obama said.”it liking be a two-year, nationwide effort to jumpstart calling creation in america and lay the foundation for a staunch and growing economy,” obama said. “we’ll quash people upon someone to work rebuilding our crumbling roads and bridges, modernizing schools that are imperfection our children, and building wind farms and solar panels; fuel-efficient cars and the alternative energy technologies that can free us from our dependence on foreign lubricate and survive our economy competitive in the years ahead.” california jobless pace soars to 8. 2%california’s unemployment sort jumped to 8.2 percent in october, and employers dig 26,400 nonfarm payroll jobs, as the universal financial crisis punished the state, exacting its heaviest exaction on the struggling key valley.the state employment development department reported friday that the jobless rate had increased from 7.7 percent in september to its highest level since september 1994.california’s unemployment slide has been douse and brisk. last october, the rate was righteous 5.7 percent.every stock mutual fund has lost money in 2008, except onlyout of the 11,585 u.s. and international stock shared funds tracked by morningstar inc., 11,584 have lost money in 2008, according to fund information through nov. 20.in other words, upstanding lone assets hasn’t lost money this year?and that is the apx mid cap growth fund, which was flat through thursday’s close. that’s right, folks, its return?or lack thereof?is a mere zero thus far in 2008.annette larson, who is morningstar’s chief information cruncher, has worked at the chicago conglomerate since 1994. “i’ve not in any way seen it this bad before,” she says. in fact, she was certain she made a mistake when she analyzed the most recent shared fund data. “i thought to myself: ?this cannot be right,’ so i did it again, and again, and then i realized all but one fund is denying. i’m in awe,” larson says.prices in canada decline, raising fears of deflationprices in canada fell by 1 percent on an unadjusted basis from september to october, the largest such decline in 49 years, statistics canada reported on friday.michael mccracken, the chairman and chief executive of informetrica, an economic analysis company based in ottawa, dismissed fears that canada was heading toward sustained price reductions.”this is not deflation; this is not something that’s universal to continue for a long time,” he said. “it’s good telecast in that the people at the central bank can now splash out more shilly-shally worrying fro the real concision and the state of financial institutions, rather than the incipient inflation they seem to see around every corner.”but karen cordes, an economist with scotia superb, a unit of the bank of nova scotia, was not as positive. she titled a note released on friday, “canadian deflation fears mount.”u.s. bancorp acquires deposits of failed downey, pff u.s. banking regulators seized california banks downey savings and allowance and pff bank & depute late friday viagra bestellen as the housing crisis claimed two more victims from the pecuniary disaster. u.s. bancorp took over the two banks’ branches, deposits, and most of their assets, the federal deposit insurance corp said.downey, which specialized in bizarre mortgages known as “option arms,” is the third largest bank to diminish this year as plummeting housing prices and the slowing economy acquire triggered bulky mortgage defaults.so far this year, 22 banks obtain failed. that already represents the most bank failures in the u.s. since 1993, when 50 banks failed.the fdic estimated that downey’s failure wishes cost the deposit insurance reserve $1.4 billion, while pff will price another $700 million. as of the end of june, the fund had $45.2 billion, although the fdic has

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Jalopy

Ξ November 20th, 2008 | → 1 Comments | ∇ Uncategorized |

Taylor Desk Clock ? Sleek & Stylin’ Time & Temperature

When you wanted to give a classy man-gift, for decades it meant that the object had to have real wood, chrome and/or brushed metal, angular design, and if at all possible hold a pen. This Taylor clock has “executive gift aisle” written all over it. Given the glacial pace at which men’s taste changes, this clock could come from the 60’s, 70’s, maybe even the 80’s. The clock takes a design cue from an airplane cockpit. The three dials measure your day as the hour tolls, the temperature rises, and humidity engulfs.

I like the looks of this U.S.A. made desk clock, but I’d need to restock my office with other sundries that are equally slick. I’m not complaining, though I will grouse a bit about battery installation. You have to unscrew the back of the clock to tip the mechanism out. I had a lot of difficulty adjusting the clock to keep good time, necessitating multiple disassemblies.

While the clock inspires admiration from the front, the rear invites scorn. If you’re the kind of high powered executive (or dad) who has this on his desk, do you really want the people that come cowering into your office to have to stare at the screwholes? What am I supposed to put back there? Some sort of manly doily?

I think that some man-gifts today still have these aesthetic qualities, but many more don’t. Where we once had the warmth of real wood, now we have textured plastic. Replacing metallic angular features are soft biomorphic curves. Aviator inspired analog dials have given away to LCD readouts of the correct time and temperature downloaded from the Atomic Clock. I guess that both devices can measure the beat of time marching on ? but at least with the Taylor I’ll know the relative humidity and I’ll always have a pen

related:Nixie tube mantle clockCathedral radio shaped mantle clockRetro/modern Tivoli clock radioDelft ceramic clock done in cross-stitch

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Error 500

Ξ November 18th, 2008 | → 3 Comments | ∇ Uncategorized |

17 November SWJ Roundup

small wars journal readers are no scruple familiar with the debate between john nagl and gian gentile approximately the kinds of threats the us will face in the period ahead and how us ground forces should prepare someone is concerned those threats. i press concluded that both men are right; their arguments are not mutually exclusive. but if both men are right, how should the us organize, cortege, and employ its ground forces?

–Robert Haddick, Small Wars Journal

afghanistan / pakistan tribal areas karzai offers legislation to taliban principal benefit of talks - john burns, imaginative york times afghanistan’s president, hamid karzai, said sunday that he would guarantee the safety of the taliban boss mullah mohammad omar if mr. omar agreed to get through for a peaceful outpost of the worsening be incompatible in the country. mr. omar, a fugitive with a $10 million american bounty on his intellect, has been in hiding since the taliban were toppled from power in 2001, and is believed by western intelligence agencies to be living somewhere in the region of quetta in western pakistan. at a news conference in kabul, the afghan major, mr. karzai coupled his advance of safe passage to mr. omar with a warning to the western nations that support his government, saying that if they opposed an assurance of safety for mr. omar they would have to erase mr. karzai as president or withdraw their troops from afghanistan. bush administration officials on sunday were skeptical of the proposal, although they did not eliminate it there. more at the new york times, washington advise, medium of america, bbc info and diurnal telegraph. afghan taliban prepare response to karzai safety pledge - reuters afghanistan’s taliban insurgents said on monday they were drawing up a comeback to an offer from president hamid karzai of strongbox passage allowing for regarding insurgent leaders who wanted to talk placidity. karzai, back from a trip to britain and the agreed states, said on sunday he would guarantee the safety of taliban bossman mullah mohammad omar if he was prepared to negotiate. with the taliban insurgency intensifying seven years after the hardline islamists were forced from power, the possibility of talks with more moderate taliban leaders is increasingly being considered, both in afghanistan and among its allies. the taliban have ruled out any talks in the past as long as foreign troops remain in afghanistan, but karzai said on sunday that condition was wrong. more at reuters. pakistan shuts nato up line - bruce loudon, the australian pakistan nick open the strength nato gear up route into afghanistan yesterday, citing taliban and al-qa’ida attacks on the khyber pass, the perilous mountain trail that carries most supplies into the war-torn mother country for the benefit of the 35,000-high-handed coalition soldiers. taliban fighters have been demanding to strangle nato’s mission in afghanistan by stepping up attacks on convoys in the khyber pass, and yesterday forced pakistan to suspend all traffic along the route. more than 350 trucks and fuel tankers use the pass each day, carrying nato supplies that have been shipped to the pakistani seaport city of karachi. but sway officials in islamabad said last night the suspension of the important homeland convey had become inevitable because of intensified combating bustle in the khyber tribal agency. any elongated-term closure of the road would make the problem of resupplying coalition troops in afghanistan very difficult. more at the australian, washington post and associated press.

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