California budget train wreck

From David Greenwald, editor of California Progress Report, on Facebook, commenting on the Republicans voting out their Senate leader because he said taxes are necessary to balance the budget.

So the word is the Republicans found the most anti-government leader they could get. Yes, let’s show we are serious about compromise.

[New] “Senate GOP [...]

UBS helped wealthy avoid taxes, will pay huge fine, rat them out

UBS helped wealthy customers avoid US taxes. They have admitted guilt but there will be no prosecutions (why?) however they will pay $780 million in fines.

However, as part of the agreement, UBS will also drop the dime on their wealthy clients and rat them out to the IRS. That should be really good for [...]

The lunatics have taken over the asylum

Republicans in the California legislature ousted their leader at 1 am this morning after he said taxes might need to be raised in order to balance the budget.

No one wants higher taxes. But a budget needs to be passed. However the insane California law that requires a two-thirds vote for passage means a few [...]

Pampered comedian says we’re spoiled, advocates collapse of economy

Comedian Louis C.K. says we’re the “crappiest generation of spoiled idiots” and maybe a collapse of the economy that leads to riding donkeys with clanking cans would be a good thing.

Let’s see. He probably flew to the show on a jet (first-class) or had a limo take him, and no doubt has [...]

Hey, just who controls whom?

The Spectator (UK) wonders, does Britain now own the banks or do the banks own the taxpayers?

RBS’s £2 trillion of liabilities dwarfs not only the government reserves but the entire UK economy. Brown hasn’t so much nationalised the banks, he has bank-ised the nation. It really does change how we see government, and [...]

Hell just froze over

Alan Greenspan backs bank nationalization

Growing more rice with less water

Rice is an essential food for literally billions of people. But it requires enormous amounts of water and emits huge amounts of methane while growing, due to being underwater.

However, a new system of growing rice, the SRI method, increases yields, uses much less water, and emits no methane.

If the SRI method was [...]

Crazed enviro wackos say oil output near peak

Oh wait, it’s a major oil company that’s saying it.

Clinton Foundation and L.A. to retrofit 140,000 street lights to LEDs

Image. LED street light from Kaga Inc.

The Clinton Foundation is working with the City of Los Angeles to retrofit 140,000 street lights to LEDs. LEDS last longer, require less maintenance, and use less electricity. Thus, they expect the $48 million loan to be paid back in seven years by the savings, and after [...]

Blackwater becomes Xe

Following in the footsteps of Philip Morris who renamed themselves Altria because their reputation was lower than whale sh*t, Blackwater has decided to call themselves Xe, a name that reveals nothing yet somehow seems reliable and trustworthy, doesn’t it?