Daily Readings 02-23-2011

By: admin
Published: February 23rd, 2011

David Rosenberg warns of $200 oil if turmoil hits Saudi Arabia“The risk that the turmoil in the Arab states spreads further could very easily touch of further gyrations and upward pressure on energy prices, expecially with Chinese demand showing no sign of abating … yet,” said Mr. Rosenberg.

TSA Source: Armed Agent Slips Past DFW Body Scanner – An undercover TSA agent was able to get through security at Dallas/Fort Worth International Airport with a handgun during testing of the enhanced-imaging body scanners, according to a high-ranking, inside source at the Transportation Security Administration.  So, you mean the American people are getting all that radiation for nothing? Oh wait it is not for nothing, I forgot – THEY PAID FOR THE FREAKING MACHINES.

Union power at TSA – There’s no “management” worried about maintaining efficiency in order to make profits (or avoid losses). The ability of the agency to fulfill its mission also would be diminished. “It is as absurd for these people to form a union as it would be for the Coast Guard to have a union”. If a terrorist act happens, it happens nobody would be at fault, nobody held accountable, right?

Two-Thirds of Wisconsin Public-School 8th Graders Can’t Read Proficiently—Despite Highest Per Pupil Spending in MidwestTwo-thirds of the eighth graders in Wisconsin public schools cannot read proficiently according to the U.S. Department of Education, despite the fact that Wisconsin spends more per pupil in its public schools than any other state in the Midwest. Future of America…aha…

Wisconsin students not sure why they are protesting – But of course…they are just being a useful idiots

No wonder why the Wisconsin students are so “stupid”. Look the “tools” that are “educating” them. And the one who distributes the forms looks like she had a laughing pill or medical marijuana for breakfast…My God! Where is this country headed to?

Shocking Level of Influence: Trumka Talks to White House EVERY DAY and Visits a Couple Times a Week

Paul Krugman epitomizes the current liberal divorce from reality

In his column today(02-21-2011), Krugman describes the unions as a “counterweight to the political power of big money.”

But the unions are big money. Five of the top ten contributors to congressional and presidential campaigns since 1989 are labor unions according to the Center for Responsive Politics. In the last election, 10 of the top 20 PACs were union PACs.

Wasteful Federal Spending: $125 Billion in Improper Payments Is Just the Beginning

This week, Mercatus Center Senior Research Fellow Veronique de Rugy uses data from the United States Department of the Treasury [1] and the Government Accountability Office [2] (GAO) to examine recently reported improper payments within the federal government.  These improper payments are defined as payments that are either fraudulent or are inadvertent errors (such as miscalculated or duplicate payments, payments for unsupported claims, or services not actually rendered). Since the implementation of the Improper Payments Information Act of 2002 (IPIA), these reported wasteful payments have increased by over 500% to $125.4 billion in fiscal year 2010.

Mexico’s GDP grows in 2010 at fastest pace in a decade GDP, the broadest measure of a country’s output of goods and services, grew 5.5% last year, the most since 2000, the national statistics agency said Monday.

Will War Be the Second Derivative of the Financial Crisis?Economic hardship and religious differences abound.

Gruesome footage ‘proves’ Libya using heavy weapons: TimesShocking footage of corpses with bodies blasted off and patients with almost completely severed torsos provided “incontrovertible evidence” that heavy artillery was used

Thomas Sowell: High-speed route to bankruptcyNothing more clearly illustrates the utter irresponsibility of Barack Obama than his advocacy of “high-speed rail.” The man is not stupid. He knows how to use words that will sound wonderful to people who do not bother to stop and think.

When Pretending Fails to Hide Bankruptcy: Laurence Kotlikoff – Our country is bankrupt. It’s not bankrupt in 30 years or five years. It’s bankrupt today.

Corporate SubprimeThe default crisis that never happened.

Higher Inflation Is On The WayThe stakes have seldom been higher. With the unemployment rate still above 9%, and federal debt at record levels, this latest error by the monetary authorities is likely to be the most costly since the Great Inflation of the 1970s.

A Recovery’s Worst Enemy – Higher inflation is a leading cause of recessions.

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