Author: jbosco

  • Moody’s Downgrades Chicago’s Motor Fuel Debt

    Moody’s Investors Service has downgraded to A3 from Aa3 the rating on the City of Chicago’s (IL) $181 million of outstanding rated motor fuel tax debt. The outlook has been revised to negative.

    via Moody’s.

    Surprises no one.  Barely qualifies as news actually.

    The City’s broke.  Unemployment (real unemployment, the U6 number) is out of control and people simply don’t have the means to support driving when they don’t have to.  Tie that in with Springfield’s ability and desire to continue to kick-the-can down the road and Chicago may just get screwed on its portion of the fuel tax.

    It’s generally dumb anyway that Chicago gets a kick-back on the state’s fuel tax anyway as the city has it’s own fuel tax.  It’s just robbing Peter to pay Paul.  Round and round the money goes.

     

     

     

  • Conservative Black Chick Launches Super-PAC

    The first blacks elected to Congress after the Civil War were Republicans. Rev. Hiram Rhodes Revels was the the first black Senator elected and his peer Joseph Hayne Rainey was the first black elected to the House of Representatives. I’m excited to see the creation of the Conservative Melting Pot PAC, which not only will help grow the GOP by supporting more minority conservative candidates running for office but also remind Americans of the Republican Party’s rich history of inclusion and fighting for civil rights.
    ~ Senator Rand Paul (R-KY)

    The Conservative Melting Pot PAC, founded by conservative blogger Crystal Wright , is dedicated to supporting diverse candidates who embody the conservative principles of limited government, personal success and American exceptionalism.

    “After Mitt Romney lost the 2012 election because of his inability to appeal to the growing ranks of minority voters in America, it was clear the time for talking was over,” said Crystal Wright , editor of the blog Conservative Black Chick.

    via Hip Hop Republican.

    This is good news.  The only hope this country has is to show the black community that 60 years of modern liberalism have done nothing but destroy black families, fail to educate their children, and lock up 10% of their community as part of the failed war on drugs.

    The question is whether black folks will come along.

     

  • Modern Policing Model: The LAPD?

    Sheriff’s deputies caught one of the Bloods before he could vanish into the maze of two-story apartment blocks that make up Imperial Courts. Another suspect got away. Deputies spotted the third ducking into one of the apartment buildings. They were preparing to go in when Phil Tingirides, the Los Angeles Police Department captain responsible for Southeast Division, arrived on the scene. Tingirides didn’t like what he saw. Entering seemed an unwise tactic; in fact, LAPD guidelines called for the use of a Special Weapons and Tactics (SWAT) team. Tingirides was also disturbed by the atmosphere developing among the assembled group of roughly 15 spectators, including the suspect’s mother, sisters, and brothers. Almost as soon as she had arrived, upset and worried, the mother had gotten into it with one of the deputies, who began upbraiding her for raising a gangbanger. Meanwhile, Tingirides noticed, one of the brothers had started an argument with a group of PJs nearby.

    Any cop who’d worked the public-housing developments of Watts during the 1980s and 1990s had seen it happen: the gang skirmish that escalates to a shooting; the crowd that turns on the cops. But not this time. Tingirides interrupted the deputy’s harangue, saying, “Hey, I got this.” Then he introduced himself to the mother and the sisters as a cop and a parent. “Your priority needs to be getting your son out of here safe,” he said. He explained what had happened. This was news to the mother, who had simply gotten a call from her son saying that the cops were chasing him for no reason. These things can happen, Tingirides said. Disgusted at the way Tingirides was talking about a hard-core gangbanger, the deputy left. Tingirides and the mother then went over to the brother, who was still arguing with the PJs. Mom and the highway patrol pulled him aside. “Once she understood what had happened and had someone talking to her as a person and a fellow parent, it totally changed her demeanor and dynamic,” says Tingirides.

    The crowd was losing interest. So were the deputies. Tingirides told them that LAPD guidelines prohibited an attempt to make an entry. Fine, they said; in that case, we’re handing this off to you. The deputies pulled back. And then the suspect emerged. His brother had called him on his cell phone and explained the situation. South Gate police took him into custody. The crowd dispersed. “There was never any element of hostility toward our department at all,” Tingirides says.

    For more than half a century, many African-American Angelenos and more than a few Latinos considered the LAPD an oppressor—“an occupation force,” in the words of former Urban League president John Mack. That is no longer the case. Over the past decade, the department has transformed itself radically, along with its relations with local minorities. Nor has the police department become popular by sacrificing public safety: violent crime in Los Angeles has been falling for years. How the LAPD’s reconciliation with L.A.’s minorities came about may be the most important untold story in the world of policing. What makes the reconciliation even more remarkable is that its architect was the same man who had already transformed the New York City Police Department: William Bratton.

    via City Journal.

    A lengthy and excellent piece about how Bill Bratton transformed the LAPD from a jack-booted thug operating under a federal consent decree to a modern crime fighting force that understands the needs of minorities.

    Too bad that Gerry McCarthy’s ego is too big for him to do anything but continue to blame other people for his lack of leadership at CPD.

  • What Type of Gun Used at NY Car Wash & Barber Shop?

    The following is the Associated Press report on the standoff between police and the man who they say opened fire at a barber shop and a car wash on Wednesday in upstate New York, killing four. But as the gun debate rages, it’s interesting to note that the gun used by the killer was not an automatic weapon, a so-called “assault weapon,” or even a handgun. Instead, it was a shotgun — the type of gun Vice President has been touting as a better protection option although it’s unclear what exact shotgun was used.

    via TheBlaze.com.

    Other than the Blaze zero media mentions of this interesting fact.

    Shotguns are awesome powerful in close quarters combat when you don’t care who dies around you.  The damage per shot is staggering compared to that of “assault” rifles.  … No matter to some.  They actually want to ban everything.  It’s just one gun at a time for these folks.

  • New Database Tracks Private Student Info

    Parents and privacy experts are blasting a new national database that compiles personal student information for educational companies that contract with public schools.

    New York State officials, working with the city, have already uploaded students’ names, addresses, test scores, learning disabilities, attendance and disciplinary records into the inBloom database, according to the Daily News

    via NBC New York.

    Just plain irresponsible; what is wrong with these people?

    It’s getting scary.  There’s a video from the ACLU that shows what it’s like when everyone gets to know everything about you.  When it’s all connected you will cease to be.  Just another blob of mass toiling away.

    When everything does down on your permanent record how do you ever rise above?  Are we going to take children at 7 years old and tell them that they will never amount to anything beyond working at Target?

    We’re heading into a bizarre mix of Brave New World and Gattaca.

     

     

     

     

  • MLK and His Guns

    Most people think King would be the last person to own a gun. Yet in the mid-1950s, as the civil rights movement heated up, King kept firearms for self-protection. In fact, he even applied for a permit to carry a concealed weapon.

    A recipient of constant death threats, King had armed supporters take turns guarding his home and family. He had good reason to fear that the Klan in Alabama was targeting him for assassination.

    via Huff Post.

    Interesting.  People forget that gun control (a/k/a disarmament) was used to leave hundreds of thousands of innocent blacks at the mercy of ignorant hillbilly racist.  Guns were, and are, the great power equalizer.

    Of course, what the Left doesn’t want anyone to know is that all the ignorant hillbilly racist were (and currently are) Democrats.  But that a whole other story.

  • SEC Hits Illinois with Securities Fraud Charges

    Illinois broke federal securities laws in misstating the true health of the state’s depleted pension funds when going out onto the bond market between 2005 and early 2009, the Securities and Exchange Commission announced Monday.  …

    The finding of securities fraud doesn’t subject the state to any fines or penalties but amounts to a warning to potential investors about the state’s past financial misdeeds.

    The action focuses mostly on misstatements made during impeached ex-Gov. Rod Blagojevich’s administration, though Gov. Pat Quinn’s administration wasn’t spared entirely in the federal order.

    “Municipal investors are no less entitled to truthful risk disclosures than other investors,” said George S. Canellos, Acting Director of the SEC’s Division of Enforcement in a prepared statement.

    “Time after time, Illinois failed to inform its bond investors about the risk to its financial condition posed by the structural underfunding of its pension system,” Canellos said.

    via Sun-Times Politics.

    Wow!!  So, the article says (twice) that there are no fines or penalties that go with this… But what the article doesn’t say is that the State is now subject to a civil suit by bond-holders.

    Q:  Where was Lisa Madigan while this was happening?

    Just curious.

  • Holder: Drone Killing Americans on U.S. Soil Legal

    “It is possible, I suppose, to imagine an extraordinary circumstance in which it would be necessary and appropriate under the Constitution and applicable laws of the United States for the President to authorize the military to use lethal force within the territory of the United States,” Holder replied in a letter yesterday to Paul’s question about whether Obama “has the power to authorize lethal force, such as a drone strike, against a U.S. citizen on U.S. soil, and without trial.”

    via WashingtonExaminer.com.

    WTF!!

    Where is the outrage?!

  • FREEDOM License Plate Banned in D.C.

    According to the official list of banned D.C. plate combinations, it may take some extra creativity to get your idea accepted by the city’s meticulous censors. The capital city’s DMV has a 53-page list of 26,993 license plate no-no’s that prohibit everything from praising the local baseball team to expressing disgust with the Internal Revenue Service. The list was made available through a Freedom of Information Request filed by the transparency website GovernmentAttic.org.  …

    Tough luck America, even “FREEDOM” won’t fly in the nation’s capital.

    via Yahoo! News.

    No wonder the country is in such a sorry state.

  • Druckenmiller: Old Stealing From Young

    Druckenmiller, who is known to be media shy, told Bloomberg TV that he sees “a storm coming, maybe bigger than the storm we had in 2008, 2010” and it has to do with a demographic bubble.

    “But the demographic storm is just starting now. It reminds me of ’05 when people just extrapolated housing prices going up for 50 years…Everyone sorta lives with their rulers in the past and doesn’t look at coming changes,” he said.

    What’s happening, he explained, is we have a working population now where the current workforce pays for the benefits of the seniors. Since 2000, there have been about 4.5 to 4.8 workers per retiree. He said by 2050 it will be only 2.4 workers per retiree.

    He told Bloomberg TV that people like him need to speak out about this issue. Just to be clear, he’s not against the seniors.

    “And let me just say one thing. I am not against seniors, okay. I love seniors. Unfortunately I’m going to be one in the not-too-distant futures. What I am against is current seniors to me stealing from future seniors.”

    via Business Insider. (Video at the jump.)

    Now is the time we should be saving money like mad.  Paying off debt and getting ready for the massive exodus of retirees from the workforce. Instead we’re spending like drunken sailors and not worrying about tomorrow. (Tomorrow never comes.)

    Right now millions of savings from boomers still flow into the market each week.  The money has to go somewhere.  This is artificially keeping stock prices high and bond rates low.  There will come a day soon when the net flow of money is not INTO the market but OUT.  Retirees will be pulling money out so they can pay bills and buy food.  When that happens look out!!

    The markets will turn upside-down overnight.

    Prepare.