Archive for the ‘News’ Category
Geauga dad sues baseball coach after son hit by pitch – The News-Herald News : Breaking news coverage for Northern OhioPosted: July 17, 2010 by villedick in News, Sports
Oregon Reuters – Olympic bronze medalist Walter Dix edged out Tyson Gay in the former world champions hotly-anticipated return to the 200 meters at the Prefontaine Classic Diamond League meeting on Saturday.
“If you’re asking if the United States is about to become a socialist state, I’d say it’s actually about to become a European state, with the expansiveness of the welfare system and the progressive tax system like what we’ve already experienced in Western Europe,” Harvard business and history professor Niall Ferguson declared during Monday’s kickoff session, offering a withering critique of Obama’s economic policies, which he claimed were encouraging laziness.
“The curse of longterm unemployment is that if you pay people to do nothing, they’ll find themselves doing nothing for very long periods of time,” Ferguson said. “Long-term unemployment is at an all-time high in the United States, and it is a direct consequence of a misconceived public policy.”
Ferguson was joined in his harsh attack by billionaire real estate mogul and New York Daily News owner Mort Zuckerman. Both lambasted Obama’s trillion-dollar deficit spending program—in the name of economic stimulus to cushion the impact of the 2008 financial meltdown—as fiscally ruinous, potentially turning America into a second-rate power.
“We are, without question, in a period of decline, particularly in the business world,” Zuckerman said. “The real problem we have…are some of the worst economic policies in place today that, in my judgment, go directly against the long-term interests of this country.”
Jay Hancock’s blog: Fraud in the homebuyer tax credit? Shocking! – Economic navigation and sightseeing – baltimoresun.comPosted: June 24, 2010 by billyd in News, Politics
The mortgage disaster was the fraudfest of all fraudfests. “Liar loans,” in which borrowers lied about their income and assets, became common. Mortgage originators played along. So why would the mortgage-disaster bailout be any different? A Treasury Department inspector general reports that 4,608 people have claimed the homebuyer tax credit even though their home is a government prison. Some of them could have been filing jointly with spouses eligible for the credit, but more than 700 not only didn’t file jointly but were serving life sentences!