Tuesday, July 29, 2014

House GOP cuts border funding bill - Seung Min Kim - POLITICO.com

..because everything should be done on the cheap!

House GOP cuts border funding bill - Seung Min Kim - POLITICO.com: "House Republicans unveiled a significantly pared-back emergency funding package of $659 million for the border crisis and are angling for a Thursday vote before Congress flees Washington for the August recess.

That figure is dramatically lower than the $3.7 billion that President Barack Obama originally requested from Capitol Hill to respond to the influx of unaccompanied children, primarily from Central America, at the Texas border."

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Lawmakers announce VA deal - Lauren French - POLITICO.com

Finally something gets done!
Lawmakers announce VA deal - Lauren French - POLITICO.com:
Sen. Bernie Sanders and Rep. Jeff Miller have reached a $17 billion agreement to reform the Department of Veterans Affairs.
The legislation, which was announced Monday afternoon, will give the VA secretary broad new authority to fire or demote senior officials accused of mismanagement and will create a system where veterans can seek private care if VA doctors are unable to treat the patients within 14 days.
The deal will allocate $5 billion to hire new doctors and nurses and removes bureaucratic barriers that slowed hiring so the VA can more quickly fill medical vacancies.
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How the E.U. Signed on to Sanctions - Video - NYTimes.com

How the E.U. Signed on to Sanctions - Video - NYTimes.com: "Why Europe had been so hesitant to act but is now set to dramatically escalate sanctions against Russia."

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Defiant, Cuomo Denies Interfering With Ethics Commission - NYTimes.com

This smells dirty!
This is the second governor to do this this year.  The other was in the Lone Star state!
Defiant, Cuomo Denies Interfering With Ethics Commission - NYTimes.com: "Gov. Andrew M. Cuomo on Monday delivered a feisty and unrepentant defense of his handling of an anticorruption panel he created and then abruptly shut down, after five days in seclusion during which he encountered some of the harshest criticism he has faced as governor."

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Monday, July 28, 2014

Obama: Buying Stocks Is A Potentially Good Deal - Business Insider

Heck of a call, Mr. President!
Obama: Buying Stocks Is A Potentially Good Deal - Business Insider: "So, that's not much. But it's not nothing. Presidents don't usually talk about stocks.

In a new note to clients, Goldman Sachs' David Kostin remembers another time Obama talked about stocks. From the note:

Some investors may remember Obama’s previous equity valuation comment from March 3, 2009 when the S&P 500 traded at 696: ”On the other hand, what you're now seeing is profit and earnings ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it.” Since his observation, the S&P 500 has soared by 185% and this week reached a new all-time high of 1988.

March 3 was six days before the S&P 500 hit an intraday low of 666.

That was a pretty extraordinary call."

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Obama: Buying Stocks May Be a 'Good Deal' - NYTimes.com

MARCH 3, 2009 2:00 PM

Obama: Buying Stocks May Be a 'Good Deal' - NYTimes.com: "“Profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal,” Mr. Obama said, “if you’ve got a long-term perspective on it.” ...As his words were broadcast on cable networks shortly after noon on Tuesday, the indicator at the bottom of the television screen showed that the Dow Jones industrial average was down once again. On Monday, the Dow closed below 7,000 for the first time since 1997."

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Smith & Wesson Pays $2 Million to Settle Bribery Probe With SEC - Bloomberg

Bribery!  

I get though.  The mission of the company is to sell weapons, the who and how does not matter.

Smith & Wesson Pays $2 Million to Settle Bribery Probe With SEC - Bloomberg: "Smith & Wesson Holding Corp. (SWHC) agreed to pay about $2 million to settle U.S. regulatory claims that it bribed officials in Pakistan, Turkey and other countries to win firearms contracts.

Smith & Wesson employees made improper payments from 2007 to 2010 to secure business with militaries and police departments, the Securities and Exchange Commission said in an administrative order filed today. The gunmaker settled the claims without admitting or denying the allegations."

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Congressman Adam Kwasman Mistakes Bus of YMCA Campers for Migrant Kids

Friday, July 25, 2014

Former Virginia Gov. Bob McDonnell, Wife Set for Corruption Trial - WSJ

Former Virginia Gov. Bob McDonnell, Wife Set for Corruption Trial - WSJ: "Jury selection is expected to begin Monday in the corruption trial of former Virginia Gov. Bob McDonnell and his wife, Maureen, who are accused of accepting more than $160,000 in jewelry, cash, clothing and trips in exchange for promoting a wealthy backer's dietary-supplement business."

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Corporations used to pay almost one-third of federal taxes. Now it's one-tenth. - Vox

Corporations used to pay almost one-third of federal taxes. Now it's one-tenth. - Vox: "Corporations are shouldering far less of a tax burden than they used to. Corporate tax revenues have declined as a share of GDP over the years, but individual tax revenues have held steady, according to a 2013 GAO report."