Author: Jimmy
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Scientists plan $1b Ghost Town
A scientific ghost town in the heart of southeastern New Mexico oil and gas country will hum with the latest next-generation technology — but no people. A $1 billion city without residents will be developed in Lea County near Hobbs, officials said Tuesday, to help researchers test everything from intelligent traffic systems and next-generation wireless…
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B of A’s Mortgage Reduction Insanity
Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of $150,000 each. The reduction for qualifying homeowners could amount to monthly savings of up to 35 percent on mortgage payments, Bank of America said…
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China Enters U.S. Banking Market
The United States on Wednesday opened its banking market to ICBC, China’s biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a…
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Frederick Douglass: Do Nothing With Us!
In regard to the colored people, there is always more that is benevolent, I perceive, than just, manifested towards us. What I ask for the negro is not benevolence, not pity, not sympathy, but simply justice. The American people have always been anxious to know what they shall do with us…. I have had but…
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Self Defense Now a Federal Issue
House Democrats said Tuesday they will offer an amendment to push to overturn stand-your-ground self-defense laws in states like Florida. The amendment, which would withhold some grants from states that have such laws, will come as part of the House’s debate on the Commerce Department spending bill. “‘Shoot-first’ laws have already cost too many lives.…
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Ron Paul vs. the #HonestMistake
[youtube http://www.youtube.com/watch?v=hONl8bAhRGI?rel=0]
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Labor Force Participation Rate Messes with Unemployment Rate
Exactly a month ago I wrote about the bogus employment numbers claimed for the Chicago area. I claimed that there were no actual jobs “created” and that the only reason the employment rate went down was because people simply left the job market. Didn’t have this at the time… but my theory has real support.…
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FYI, You CAN Cheat on Your Property Taxes
Cook County Board President Toni Preckwinkle and Assessor Joe Berrios on Tuesday urged state lawmakers to give them more power to go after property owners who improperly claim tax breaks, saying they could recover more than $150 million in three years with the new authority. Under legislation pending in Springfield, counties could go after back…
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Chicago Aldermen: White Collar Criminals
An analysis of pension fund documents for 21 aldermen who retired under the plan shows they are in line to receive nearly $58 million during their expected lifetimes, though contributions and assumed investment returns are predicted to cover just $19 million, or a third of that sum. The pension deal was inked more than two…
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Rooting Out Bad Cop
Cops are people. Some are going to be trouble no matter how hard you try to keep them out. However this is just nutty: Of 441 police misconduct lawsuits that led to city payments between January 2009 and November 2011, nearly a third—or 145—involved the “repeaters,” shows a Reporter analysis of federal and state court…