Investment guru Warren Buffett’s outlook on newspapers is dismal

In fact, Warren Buffett has said don’t buy newspaper stock at any price. The days of the monopoly newspapers huge readership and advertising revenue are long gone.

What happened? Take a look at this modest blog’s stats: The 7-day traffic average is now passing hundreds of thousands of hits.  The majority are college graduates and in their peek buying years ages 25-55.
I predict the Boston Globe will go online with just a Friday/Sunday printed and delivered paper. 

It’s time to stop the global warming propaganda machine while we still have freedom of speech

A few years ago was when Freeman Dyson, one of the world’s leading physicists, began publicly stating his doubts about global warming and backing them up. Tip: The socialists have changed the term from global warming to “climate change.” Watch the tea parties around the counrty for political climate change.

Speaking at a summit on the future at Boston University, Dyson said that “all the fuss about global warming is grossly exaggerated.” Since then he has only heated up his misgivings, declaring in a 2007 interview with Salon.com that “the fact that the climate is getting warmer doesn’t scare me at all” and writing in an essay for The New York Review of Books, the left-leaning publication, that climate change has become an “obsession” — the primary article of faith for “a worldwide secular religion” known as environmentalism.
Among those he considers to have been drinking the KoolAid, Dyson has been particularly dismissive of Al Gore, whom Dyson calls climate change’s “chief propagandist,” and James Hansen, a government (tax-payer funded) employee of the NASA Goddard Institute for Space Studies in New York and an adviser to Gore’s film, “An Inconvenient Truth.”
Dyson accuses them of relying too heavily on computer-generated climate models that foresee a Grand Guignol of imminent world devastation as icecaps melt, oceans rise and storms and plagues sweep the earth, and he blames the pair’s “lousy science” for “distracting public attention” from “more serious and more immediate dangers to the planet.”
William Gray, hurricane expert and head of the Tropical Meteorology Project at Colorado State University, in a 2005 interview with Discover magazine:
“I’m not disputing that there has been global warming. There was a lot of global warming in the 1930s and ’40s, and then there was a slight global cooling from the middle ’40s to the early ’70s. And there has been warming since the middle ’70s, especially in the last 10 years. But this is natural, due to ocean circulation changes and other factors. It is not human induced.
“Nearly all of my colleagues who have been around 40 or 50 years are skeptical as hell about this whole global-warming thing. But no one asks us. If you don’t know anything about how the atmosphere functions, you will of course say, ‘Look, greenhouse gases are going up, the globe is warming, they must be related.’ Well, just because there are two associations, changing with the same sign, doesn’t mean that one is causing the other.”
Richard Lindzen, professor of meteorology at Massachusetts Institute of Technology, in an editorial last April for The Wall Street Journal:
“To understand the misconceptions perpetuated about climate science and the climate of intimidation, one needs to grasp some of the complex underlying scientific issues. First, let’s start where there is agreement. The public, press and policy makers have been repeatedly told that three claims have widespread scientific support: Global temperature has risen about a degree since the late 19th century; levels of CO2 [carbon dioxide] in the atmosphere have increased by about 30 percent over the same period; and CO2 should contribute to future warming.
“These claims are true. However, what the public fails to grasp is that the claims neither constitute support for alarm nor establish man’s responsibility for the small amount of warming that has occurred. In fact, those who make the most outlandish claims of alarm are actually demonstrating skepticism of the very science they say supports them. It isn’t just that the alarmists are trumpeting model results that we know must be wrong. It is that they are trumpeting catastrophes that couldn’t happen even if the models were right as justifying costly policies to try to prevent global warming.”

Will terrorists strike again? Why is the U.S. pouring 20,000 troops into cities? There must be some ‘chatter’

UPDATE:

The Washington Post reports that the Pentagon has issued the marching orders to mobilize 20,000 millitary troops to secure unspecified cities within the U.S.

Homeland Securtiy issued warnings of a terror attack on New York City’s mass transit system from Nov. 28 through the holidays (Thanksgiving, Christmas and Hanukkah) the mainstream media doesn’t even have the intellectual honesty to report which holidays. Commuters and vacationing shoppers are supposed to be uneasy and many may even put off their trips to buy gifts. This, as we watch to bloodbath from Nov. 26-28, in Mumbi, India where the death toll has reached 200 from a group of 10 terrorists.

Who did it? We know the terrorists hate Jews. That narrows it down. 

What do the learders of Iran, Palistine and Syria have to say about the bombings? 

A Brooklyn rabbi and his wife were found among the dead in a series of terrorist attacks in India that have claimed more than 150 lives. In response to the attacks, the NYPD beefed up patrols around large hotels and Jewish centers, including the Lubavitcher headquarters, said NYPD spokesman Paul Browne.

The department already was on alert because of a warning earlier this week of a possible al-Qaida plot to strike the city’s rail systems over the holidays.

“The threat is serious, the threat is significant, and it is plausible,” said Congressman Peter King, R-Long Island, a member of the House Homeland Security Committee.

Rabbi Gavriel Noach Holtzberg and his wife, Rivka, who ran the Chabad-Lubavitch local headquarters in Mumbai were killed during a hostage standoff at the center, said Rabbi Zalman Shmotkin, a spokesman for the movement. 

On Wednesday, federal authorities warned New York police of an unsubstantiated (but reliable) report that al-Qaida operatives discussed an attack on New York’s subway system or rail lines like Amtrak and the Long Island Rail Road.

A spokesman for Mayor Michael Bloomberg said he had no plans to comment. (Keep shopping sheelple). 

NYPD spokesman Paul Browne said additional resources were being deployed in the mass transit system in an “abundance of caution,” a common response when police receive new information about a threat.

The Metropolitan Transportation Authority, which runs the city’s 468 stations and 6,480 subway cars, released a statement saying there was “no reason to be alarmed.”

The terrorists have been weakend from eight years of George W. Bush as Commander and Chief. 

We can be thankful for that time.

What caused the subprime mortgage meltdown?

UPDATE: Oct. 8, 2008:

One of the funniest and most politically searing comedy sketches in years has vanished from the Web site of NBC’s Saturday Night Live. Visitor comments asking about its disappearance are also being scrubbed from the Web site. The sketch — a harsh indictment of the housing meltdown that led to last week’s bailout bill — was clearly too much truth for someone to handle.

The seven-minute sketch featured a mock news conference of Democratic Congressional leaders on the bailout bill, during which Nancy Pelosi and Barney Frank inadvertently acknowledge that it was Congress that blocked reform and effective oversight of mortgage giants Fannie Mae and Freddie Mac.

Then SNL comic Kristen Wiig, playing Speaker Pelosi, introduces a parade of “victims” of the housing crisis. These “real Americans” include two jobless deadbeats who bought houses with no down-payment and a preppy couple who can’t flip the dozen time-share condos they bought as a speculative investment.

They were followed by actors portraying the real-life couple of Herbert and Marion Sandler. They explained how they built a mortgage company that specialized in subprime mortgages, which they sold to Wachovia Bank for $24.2 billion in 2006 — one of the worst acquisitions by any company ever. It helped precipitate the collapse of Wachovia last week.

The Sandlers were hustled off the stage by “Speaker Pelosi” after they said they couldn’t understand why they were invited to a news conference of “victims” since they had done so well out of the housing crisis.

They were followed by financier George Soros, identified as “Owner, Democratic Party.” The actor portraying Mr. Soros informs the group that the $700 billion bailout package “basically belongs to me” and that he has decided to short the U.S. dollar. That will trigger a devaluation “either Tuesday or Wednesday. I haven’t decided which yet. It will depend on how I feel.”

The brutally wicked sketch must have caused tremors in left-wing circles. The Sandlers and Mr. Soros have all been prime financial backers of independent political groups that have secured huge influence in the Democratic Party and helped fuel the rise of Barack Obama.

The Sandlers, for example, were major donors to the left-wing radio network Air America as well as the liberal housing lobby ACORN, a major player in pressuring banks into making more subprime mortgages. They also donated $2.5 million to MoveOn.org, the liberal group that insulted General David Petraeus as “General Betray Us” last year. Mr. Soros contributed a like amount. In turn, Eli Pariser, the head of MoveOn.org, was quite candid after the 2004 election about the influence this left-wing cabal hoped to exercise: “Now it’s our party: we bought it, we own it, and we are going to take it back.”

No doubt the Sandlers and Mr. Soros were displeased with the Saturday Night Live sketch. Herbert Sandler told the Associated Press that its portrayal of him as a predatory lender was “crap.” “We are being unfairly tarred. People have been telling us to speak out for some time, but we didn’t think it was appropriate. That was clearly a mistake.”

I suspect that some of the people the Sandlers have spoken to — or complained to — are the corporate overseers of NBC. That may explain why the bailout sketch has been airbrushed from the network’s Web site and will likely never be shown again.

That’s a shame, because rarely has political satire been more timely, pointed and, in many respects, so truthful.

— The WSJ Online.

 

 

The mainstream media was able to keep a lid on it for 30 years. Thanks to individuals in radio, FOX News and now a strong online communications source, we get a detailed picture of the redistribution of wealth that has gone on in America. It started under the cloak of the Fairness Doctrine and Jimmy Carter’s presidency with the Democrat Party controlling Congress, (like they do today).

This is from Artur Davis, a Democrat:

The current market crash was set in motion when Jimmy Carter and the democratic majority Congress passed the Community Reinvestment Act. The act actually gave INCENTIVES to low income borrowers to get home mortgages they couldn’t afford. In 1995 Bill Clinton revised the Community Reinvestment Act forcing banks to approve subprime mortgages even though it might result in defaulting on the loan, because borrowers couldn’t afford to keep up with the payments. The risk of defaulting on those loans was huge, but it was okay after Clinton’s revisions because he made it law that the government would back up the loans, like a co-signer. Banks then were FORCED to give out $1 Trillion in new SUBPRIME loans. Does that number sound familiar? It should. That is the exact amount being proposed to bailout the banks and financial markets today.

Artur Davis admits the democrats were at fault. The republicans, especially John McCain, warned in 2004 that tax payers would be stuck with the bill if something wasn’t done to correct the accounting fraud, and bad loans stemming from the Community Reinvestment Act. Republicans also warned in 2004 that Fannie Mae and Freddie Mac were at the center of the problem, and both agaencies were owned by the Federal government, so they had the power to stop the train before it crashed the stock market today. Democrats got angry, as seen the video above, and said there was no problem, so they blocked any effort to reform the lending practices, and now we have the stock market, and mortgage market crash that could cause another 1929 depression. The bailout will cost tax payers more than $4,000 each. Thank you democrat party for creating the worst financial disaster in our country’s history. To make things worse, Barack Obama says he’ll raise taxes if he is elected.

Obama — what do you know about ACORN and the garden to nowhere?

Inside the Chicago Democrat machine

Updated: 10/11/08

By Mick Gregory

Watch John McCain roll up his sleeves and bring up ACORN, the Citi Bank intimidation lawsuit, the Annenberg $100 million to nowhere and Tony Rezco.

Jailed political fundraiser Antoin “Tony” Rezko, the Chicago real estate developer who helped launch Barack Obama on his political career, is whispering secrets to federal prosecutors about corruption in Illinois and the political fallout could be explosive.

Democratic Gov. Rod Blagojevich, whose administration faces multiple federal investigations over how it handed out jobs and money with advice from Rezko, is considered the most vulnerable but second is non other than Barack Obama.

Rezko also was very friendly with Obama – offering him a job when he finished law school, funding his earliest political campaigns and purchasing a lot next to his house.

Rezko showed Obama around to the king makers and linked him up with Bill Ayers. The rest as they say is history.

Here is another story that  appears to be felony fraud, but you didn’t read it in the New York Times, San Francisco Chronicle or Washington Post. The tabloid Chicago Sun-Times reported a $100,000 state grant for a botanic garden in Englewood that then-state Sen. Barack Obama awarded in 2001 to a group headed by a onetime campaign volunteer is now under investigation by the Illinois attorney general amid new questions, prompted by Chicago Sun-Times reports, about whether the money might have been misspent.

The garden was never built. And now state records obtained by the Sun-Times show $65,000 of the grant money went to the wife of Kenny B. Smith, the Obama 2000 congressional campaign volunteer who heads the Chicago Better Housing Association, which was in charge of the project for the blighted South Side neighborhood.

Smith wrote another $20,000 in grant-related checks to K.D. Contractors, a construction company that his wife, Karen D. Smith, created five months after work on the garden was supposed to have begun, records show. K.D. is no longer in business.

Attorney General Lisa Madigan — a Democrat who is supporting Obama’spresidential bid — is investigating “whether this charitable organization properly used its charitable assets, including the state funds it received,” Cara Smith, Madigan’s deputy chief of staff, said Wednesday.

In addition to the 2001 grant that Obama directed to the housing association as a “member initiative,” the not-for-profit group got a separate $20,000 state grant in 2006.

Madigan’s office has notified Obama’s presidential campaign of the probe, which was launched this week. But Obama’sactions in awarding the money are not a focus of the investigation, Smith said.

Questions about the grant, though, come as spending on local pet projects has become an issue in Obama’s campaign against John McCain.

Obama andKenny Smith announced the “Englewood Botanic Garden Project” at a January 2000 news conference at Englewood High School. Obama was in the midst of a failed bid to oust South Side Democratic Rep. Bobby Rush for a seat in Congress. The garden — planned near and under L tracks between 59th Place and 62nd Place — fell outside of Obama’s Illinois Senate district but within the congressional district’s borders.

Obama vowed to “work tirelessly” to raise $1.1 million to help Smith’s organization turn the City of Chicago-owned lot into an oasis of trees and paths. But Obama lost the congressional race, no more money was raised, and today the garden site is a mess of weeds, chunks of concrete and garbage. The only noticeable improvement is a gazebo. The only tree was sawed down and removed.

The “garden to nowhere” ended up in the pockets of Obama’s campaign staff and maybe Obama himself.

In a previous interview, Smith said the state grant money was legitimately spent, mostly on underground site preparation. Underground? You mean out of sight.

But no one ever took out construction permits required for such work, city records show. And a contractor who Smith said did most of the work told a reporter all he did was cut down trees and grade the site with a Bobcat.

Citing the garden’s failure to take root, NeighborSpace — an umbrella group for dozens of community gardens citywide — moved Sept. 9 to return the site to the city. Its action followed a July 11 Sun-Times report on the grant.

Obama spokesman Michael Ortiz said Wednesday the senator’s staff in Washington will monitor the Madigan probe and an additional review under way by Gov. Blagojevich’s administration to make sure “the taxpayer funds allocated for the construction of the garden are recuperated from CBHA if the agencies determine that the funds were not properly spent.” Obama’s goal is to ensure the site “be used in a way that benefits the community and that any taxpayer dollars allocated are spent wisely,” Ortiz said.

The relationship between Smith and Obama dates to at least 1997, when Obama wrote a letter that Smith used to help the housing association win city funding for an affordable-housing development near the garden site. Plans called for more than 50 homes; a dozen ultimately were built.

Smith also has donated $550 to Obama campaign funds.

The Sun-Times learned about Karen Smith’s involvement in the project through an Aug. 12 Freedom of Information Act response from a lawyer for Blagojevich¹s Department of Commerce and Economic Opportunity. The department, according to the lawyer, had ³discovered² 52 pages of ³additional documents² omitted from an initial response in May to a Sun-Times¹ Freedom of Information Act request about the grant.

Neither Smith nor his wife has been accused of any wrongdoing. Smith and his lawyer did not return repeated calls seeking comment.

In an interview in July, Smith said he was never able to raise the money needed for the garden. But the state grant awarded by Obamawas spent properly, he said, on the undergroundwork, withmost of the work done by a contractor whose name Smith got wrong.

The Sun-Times tracked down the contractor, Rodolfo Marin, in Austin, Texas, where he now lives.

“What I was hired for was: Clean up the area and cut the trees — that’s all,” Marin said. He said he rented a Bobcat — a sort of small bulldozer — for the project. “If he spent about $3,000 with me, that was too much.”

Visit this link for more details: http://newsbusters.org/blogs/tom-blumer/2008/09/07/barack-obamas-1-1-million-botanical-garden-er-100-000-gazebo

McCain showed true leadership by stopping his campaign and asking Obama, the Jr. Senator from Chicago Illinois, to help organize a financial bailout loan. What did he get for it? He was insulted by the Democrat leadership.

So why did the Democrats earmark millions to ACORN?

This is what Lindsey Graham said on the Greta Van Susteren show: “And this deal that’s on the table now is not a very good deal. Twenty percent of the money that should go to retire debt that will be created to solve this problem winds up in a housing organization called ACORN that is an absolute ill-run enterprise, and I can’t believe we would take money away from debt retirement to put it in a housing program that doesn’t work.”

Note: ACORN is a front group for Democrat/Socialists convicted of massive voter fraud. Google it yourself.

Ike — the cleanup. FEMA is a perfect example of U.S. Congressional oversight — FEMA semi-trucks filled with ice sit for days in staging area

The largest hurricane to hit Texas in recorded history exposes heroes and losers. Free enterprise, private sector businesses are the heroes. No. 1 – HEB supermarkets were open within 24 hours of the storm throughout Houston with truckloads of ice, food and water.

Walmart and Sam’s Club gets the No. 2 award for full service within 48 hours.

FEMA is a disgrace and should be shut down. There are hundreds of generator trucks parked at Sam Houston Race Track with no apparent system to distribute them. A new report by “Pat and Ed” on 700 AM radio has the FEMA ice trucks sitting idle at the Reliant Stadium stageing center for nearly a  week, then sent to an air base in Sagine, Texas to melt out of sight at an air force base.

This is an example of the waste of the Congressionally managed FEMA project.

Joke of the day: Callers were giving advice on gas station openings, supermarkets with ice and FEMA POD locations.

A joker called in to report that FEMA was handing out $500 checks for those who arrived at the George R. Brown convention center at 5:00 a.m. Hundreds showed up to find it was a hoax. (This ain’t New Orleans).

Instead of free money, some aggressive “victims” were arrested for disorderly conduct and out during the dawn to dusk curfew.

PBS Democratic Party propaganda exposed by viewers — one sided poll is a laugher

Taxpayer supported PBS should at least try and show some restraint during the runup to a national election. But the programing executives do all they can to get Obama/Biden in the White House and complete the project of one party rule in the United States.

The media executives at PBS published a survey asking if Sarah Palin was qualified to be Vice President.

But there were no such surveys about Obama, Biden or Hillary were there?

Here are some examples of citizen journalists remarks buried on the PBS ombudsman Web page.

WIll you see this in your daily newspaper? Nah. And the Democratic Party promises to bring back the Fairness Doctrine after they take over the White House. Why do they have to go that far?

I am once again aghast and stunned that the PBS would be so involved in politics that they actually circulated the “is Sarah Palin qualified to be Vice President” poll. How dare you use federally subsidized taxpayer platform for your own political ambitions: have you know shame?

You code of ethics mentions a “neutral platform” and that means you do not have the right to back a candidate. The poll regarding the qualifications of Sarah Palin would only be put out by a biased, liberal attack apparatus: Everybody else knows that she is well enough qualified to be President, far far more than Obama. It is a moot point and undebateable fact that Obama is not qualified by experience, background or character to be President; yet you have the audacity to question whether the sitting governor of the State of Alaska is qualified.

The mere asking of the question is an unethical violation of your own “neutrality” status. As for me; Every night I pray to God that Obama does not reside at the White House.

James Steven Slater, Fort Worth, TX

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