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Member since: Tue May 13, 2014, 06:50 PM
Number of posts: 6,862

Journal Archives

That was fast....

Fox News anchor Laura Ingraham apologized to Parkland, Florida, school shooting survivor David Hogg on Thursday, a day after he called on people to boycott her advertisers because she accused him of whining.

In a tweet Wednesday that quickly went viral, Ingraham said Hogg was “rejected by four colleges to which he applied and whines about it.” Hogg called for advertisers to boycott her, and so far three — TripAdvisor, Wayfair and pet-food maker Nutrish — have dropped Ingraham.

“On reflection, in the spirit of Holy Week, I apologize for any upset or hurt my tweet caused him or any of the brave victims of Parkland,” she tweeted Thursday. “For the record, I believe my show was the first to feature David immediately after that horrific shooting and even noted how ‘poised’ he was given the tragedy. As always, he’s welcome to return to the show anytime for a productive discussion.”

Frank Page quits. Was head of Southern Baptist Convention Executive Committee

In a statement that recast an earlier retirement announcement, Frank S. Page has resigned as president and chief executive officer of the Southern Baptist Convention’s Executive Committee (EC), effective March 27 over what is described as a “morally inappropriate relationship in the recent past.”

CENTCOM Commander Admits Failure in Syria Strategy

The Trump administration is now basing its post-Assad policy on creating an economically viable enclave in Syria’s east—now suitably democratic of course. Votel however, as he admitted on the Hill, had yet to receive the memo outlining the new military mission to confront a resurgent regime and its Iranian and Russian paymasters.

The lack of a clear strategy to achieve well-defined objectives has never been a constraint on Washington’s response to opportunities or challenges produced by the war. Washington, in an unintended show of bipartisan unity, has consistently misapprehended America’s power to achieve regime change, the vitality of the Assad system, the viability of a domestic opposition, and the prospects of Russian intervention.

Have the myriad assumptions and assessments that informed the original (failed) policy been reconsidered and changed to reflect lessons learned? The answer, sad to say, is no.

I'd go with a short ETF or contra fund for myself.

It's going to find its own bottom, might as well make some money on the ride down. Not giving advice, but I'd not buy into a falling market. Too many unknown unknowns at this point.

I got out of stocks six months ago. Missed the trump rally. Not a big deal for me, I'm patiently waiting for the down turn on side lines. I did well enough on the FED's QE, so I can't complain.

Good hunting.

DOW 3/23/2018 drops 400+ points

Good thing the budget passed.

For our gun owners...via zero hedge

Since the day he took office, President Trump has had no higher priority than the safety of each and every American," said Attorney General Jeff Sessions.

"That is why today the Department of Justice is publishing for public comment a proposed rulemaking that would define `machinegun' to include bump stock-type devices under federal law - effectively banning them. After the senseless attack in Las Vegas, this proposed rule is a critical step in our effort to reduce the threat of gun violence that is in keeping with the Constitution and the laws passed by Congress. I look forward to working with the President's School Safety Commission to identify other ways to keep our country and our children safe, and I thank the President for his courageous leadership on this issue."

On February 20, 2018, the President issued a memorandum instructing the Attorney General "to dedicate all available resources to... propose for notice and comment a rule banning all devices that turn legal weapons into machineguns." This NPRM is in response to that direction, and would make clear that the term "machinegun" as used in the National Firearms Act (NFA), as amended, and Gun Control Act (GCA), as amended, includes all bump-stock-type devices that harness recoil energy to facilitate the continuous operation of a semiautomatic long gun after a single pull of the trigger. If the NPRM is made final, bump-stock-type devices would be effectively banned under federal law and current possessors of bump-stock-type devices would be required to surrender, destroy, or otherwise render the devices permanently inoperable.

The comment period for the NPRM is 90 days from the date of publication in the Federal Register.

Trump signs Executive Order replacing 6th Commandment.

Previous version: Thou shall not commit adultery.

New version: If they sign a none disclosure agreement, adultery never happened.

Caterpillar shrinking.

(Reuters) - Caterpillar Inc (CAT.N) said on Friday it will close two facilities and is contemplating the closure of its engine manufacturing plant in Illinois, which could potentially result in about 880 job losses.

The restructuring, part of the heavy equipment maker's overall strategy to boost profitability and make itself better able to manage business cycles, will affect its work tools facility in Waco, Texas, and its demonstration center in Panama, a company spokeswoman told Reuters.

The work at the Texas facility will be shifted to Wamego, Kansas, affecting 200 regular and contract positions, she said.

Agreement for blabber mouths reached

HeartMedia, the struggling company that owns hundreds of radio stations and distributes the talk programs of Sean Hannity, Rush Limbaugh and Glenn Beck, took another step toward bankruptcy by formally notifying its bondholders that it would invoke a 30-day "grace period" clause to avoid paying a $106 million interest payment that was due on Thursday.

In announcing the delay, iHeart insisted that it had the cash but needed more time to complete a reorganization that it said would "proactively and comprehensively address iHeart's capital structure."

The move spooked financial analysts. S&P Global downgraded iHeart's stock to its lowest rating and warned investors that the radio giant was likely to default on its debts. Several analysts have begun speculating that iHeart will file for bankruptcy protection during the grace period.

iHeart, which was formerly known as Clear Channel Communications, suffered another setback in late December when its billboard advertising division, a separate publicly traded company, was sued for extending more than $1 billion in cut-rate loans to iHeart, which were supposed to be paid in full by Dec. 15.

iHeartMedia files for bankruptcy -
IHeartMedia Inc filed for Chapter 11 bankruptcy as it reached an in-principle agreement with creditors to restructure its overwhelming debt load.

It's only money. MAGA

February is traditionally not a good month for the US government income statement: that's when it usually runs a steep monthly deficit as tax returns drain the Treasury's coffers. However, this February was worse than usual, because as spending rose and tax receipts slumped, the US deficit jumped to $215 billion, the biggest February deficit since 2012.
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