Daily Readings 09-26-2011

By: admin
Published: September 26th, 2011

Christine Lagarde: IMF may need billions in extra funding – IMF need a BAILOUT? LOL…Christine Lagarde has signalled that the International Monetary Fund (IMF) may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis.

IMF, World Bank eye carbon tax on fuels – THE World Bank and IMF are proposing global carbon taxes on aviation and ship fuels in developed economies to help reduce carbon dioxide emissions, according to a draft proposal seen by AFP today.

Bankers Splinter on Remedy for European Debt as Tension Pervades Meeting – World’s top bankers agree on one thing: They don’t have any idea what the hell they are doing and want the governments to bail them out

Illinois budget deficit to hit $8 billion despite tax increase – Despite a major income tax increase, the state of Illinois is expected to end the budget year more than $8 billion in the red, according to a report set to be released Monday by a nonpartisan tax watchdog group. The Civic Federation analysis found that while lawmakers cut spending for state agencies this year, the reductions were offset by higher pension costs and the growing cost of paying back years of increased borrowing to keep Illinois afloat. Here you go – a good example of  how higher taxes and borrowing to fake prosperity worked out in Illinois and what to expect for the future of  the US of  America.

Small dent in jobless rate seen from Obama’s plan – Even if Congress heeds President Barack Obama’s demands to “pass this bill right away” and enacts his jobs and tax plan in its entirety, the unemployment rate probably still would hover in nosebleed territory for at least three more years.

Obama raising with Missouri stimulus beneficiary – President Barack Obama will raise money in early October with a Missouri businessman whose company benefited from a $107 million federal tax credit to develop a wind power facility in his state.

Obamacare HHS rule would give government everybody’s health recordsIt’s been said a thousand times: Congress had to pass President Obama’s  health care law in order to find out what’s in it. But, despite the repetitiveness, the level of shock from each new discovery never seems to recede.

This time, America is learning about the federal government’s plan to collect and aggregate confidential patient records for every one of us.

Bloomberg suggest: “We must tax everybody!!!”

Visit msnbc.com for breaking news, world news, and news about the economy

New gaffe: Obama confuses Jews with janitors – “If asking a billionaire to pay the same tax rate as a Jew, uh, as a janitor makes me a warrior for the working class, I wear that with a badge of honor. I have no problem with that.”

Will Robots Steal Your Job? – You’re highly educated. You make a lot of money. You should still be afraid.

What Is the Real Solyndra Scandal? – There will be many more Solyndras out there, so this scandal will keep getting bigger and bigger, whether the media likes it or not.

Kaiser Family Foundation 2009 grant to Michelle Obama’s ‘Urban Health Initiative’ sparks more Solyndra ‘crony capitalism’ questionsA Daily Caller review of the George Kaiser Family Foundation’s income tax returns found that during the same year billionaire investor George Kaiser successfully secured $535 million in government loan guarantees for the now-failed solar panel manufacturer Solyndra, his private philanthropy donated to a political cause close to the hearts of several high-ranking Obama administration officials.

Solyndra employees: Company suffered from mismanagement, heavy spending – “After we got the loan guarantee, they were just spending money left and right,” LOL it was mostly left…

Michelle Obama dazzles in New York, wearing diamond bangles by H-Town’s Katie DeckerIf you’ve been saving your nickels and dimes, the cuffs are available locally at Judith Ann Jewels. The First Lady wore Katie’s Lotus cuff priced at $15,000 with 2.9 carats of diamonds, her Gothic cuff at $15,350 with 2.17 carats in diamonds and the Quatrefoil bracelet at $11,800 with 1.73 carats in diamonds.

This economic collapse is a ‘crisis of bigness’ – Leopold Kohr warned 50 years ago that the gigantist global system would grow until it imploded. We should have listened

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