Author Archives: admin

NYPD officer canned for ticketing dead people says he was doing it to meet ‘quotas’

open quoteA cop who was canned for ticketing dead people says he was doing it to meet the NYPD’s supposedly non-existent monthly quotas.

In papers filed in Manhattan Supreme Court, Paul Pizzuto says he started issuing bogus summonses after brass at the 120th Precinct in Staten Island told him he had to produce more than the 125 to 150 he was already writing. close quote (Read more)

Seven of nation’s 10 most affluent counties are in Washington region

open quoteThe Washington region has emerged from the recession looking even more affluent compared with the rest of the country, boasting seven of the 10 counties with the highest household incomes in the nation, new census numbers show.

With a median household income surpassing $119,000, Loudoun County heads the list. Fairfax County, at nearly $106,000, is second. Both have held the same positions for several years running.close quote (Read more)

Stinking Heap of BS: “Home prices rise for sixth month, a sign of recovery”

This is such an outstanding piece of bullshit, that I just had to post it. Who are these people?

open quote U.S. home prices rose for a sixth straight month in July in the latest sign of a sustainable housing market recovery, while a jump in consumer confidence this month offered a harbinger that Americans are ready to loosen their spending.

Six years after its collapse, economists believe the housing market has turned a corner.

Two separate reports on Tuesday showed that home prices rose in July, though the gains were not as strong as the previous month. That follows recent data that home resales and groundbreaking on new properties rose in August, while business sentiment among homebuilders hit a more than six-year high this month.close quote (Read more)

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The last QE3 is aimed explicitly at the housing sector. The government is printing huge amounts of money and throwing it at the housing sector, then these idiots have the temerity to suggest that rising home prices are a sign of recovery!

General Motors Is Headed For Bankruptcy — Again

open quotePresident Obama is proud of his bailout of General Motors. That’s good, because, if he wins a second term, he is probably going to have to bail GM out again. The company is once again losing market share, and it seems unable to develop products that are truly competitive in the U.S. market.

Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.close quote (Read more)

ROMNEY’S ‘NO STATE SOLUTION’

open quoten the surreptitiously recorded video, Mr. Romney can be heard asserting that “the pathway to peace is almost unthinkable to accomplish,” because “the Palestinians have no interest whatsoever in establishing peace” and remain “committed to the destruction and elimination of Israel.” He then cast doubt on the viability of a Palestinian state, given the region’s geography:

Some might say, ‘Well, just let the Palestinians have the West Bank, and have security, and set up a separate nation for the Palestinians. And then come a couple of thorny questions. I don’t have a map here to look at the geography, but the border between Israel and the West Bank is obviously right there, right next to Tel Aviv, which is the financial capital, the industrial capital of Israel, the center of Israel. It’s what? The border would be, maybe seven miles from Tel Aviv to what would be the West Bank. …

The other side of the West Bank, the other side of what would be this new Palestinian state would either be Syria at one point or Jordan. And of course the Iranians would want to do through the West Bank exactly what they did through Lebanon, what they did in Gaza, which is, the Iranians would want to bring missiles and armament into the West Bank and potentially threaten Israel. So Israel of course would have to say, ‘That can’t happen. We’ve got to keep the Iranians from bringing weaponry into the West Bank.’

Well, that means that — who? The Israelis are going to patrol the border between Jordan, Syria, and this new Palestinian nation? Well, the Palestinians would say, “No way! We’re an independent country. You can’t, you know, guard our border with other Arab nations.” And now how about the airport? How about flying into this Palestinian nation? Are we going to allow military aircraft to come in and weaponry to come in? And if not, who’s going to keep it from coming in? Well, the Israelis. Well, the Palestinians are going to say, ‘We’re not an independent nation if Israel is able to come in and tell us what can land in our airport.’

These are problems, and they’re very hard to solve, all right? And I look at the Palestinians not wanting to see peace anyway, for political purposes, committed to the destruction and elimination of Israel, and these thorny issues, and I say, “There’s just no way.”

Rather than search of a solution, Mr. Romney said, “you hope for some degree of stability, but you recognize that this is going to remain an unsolved problem.” Comparing the open-ended crisis to the co-existence of China and Taiwan, Mr. Romney added: “we have a potentially volatile situation, but we sort of live with it and we kick the ball down the field and hope that ultimately, somehow, something will happen and resolve it.”close quote (Read more)