Saturday, August 6, 2011
Why S&P’s Downgrade is No Joke - Edmund L. Andrews - NationalJournal.com
Why S&P’s Downgrade is No Joke: "The real impact of S&P’s downgrade is political, not economic.
It’s tempting to dismiss Standard & Poor’s downgrade of U.S. long-term Treasury bonds as no big deal in the real world. It’s also tempting to describe it as a broad criticism of the whole political system, a pox-on-both-your-houses curse at the intransigence of both Republicans and Democrats.
Both of those conclusions would be mistakes..."
It’s tempting to dismiss Standard & Poor’s downgrade of U.S. long-term Treasury bonds as no big deal in the real world. It’s also tempting to describe it as a broad criticism of the whole political system, a pox-on-both-your-houses curse at the intransigence of both Republicans and Democrats.
Both of those conclusions would be mistakes..."
36 Million Pounds of Cargill Turkey Recalled as Budget Cuts Weaken Oversight of Food Safety
36 Million Pounds of Cargill Turkey Recalled as Budget Cuts Weaken Oversight of Food Safety: "Food safety advocates say this latest outbreak shows how budget cuts have hampered the ability of federal and state health agencies to effectively protect public health.
In one of the largest meat recalls in U.S. history, this week the food giant Cargill ordered the recall of 36 million pounds of ground turkey. The recall comes after at least one person has died of Salmonella, and another 76 have fallen ill. The turkey products were traced to Cargill’s processing plant in Springdale, Arkansas. According to the Center for Disease Control and Prevention, the Salmonella outbreak involves a strain of the bacteria known as Salmonella Heidelberg, which is resistant to many commonly prescribed antibiotics..."
In one of the largest meat recalls in U.S. history, this week the food giant Cargill ordered the recall of 36 million pounds of ground turkey. The recall comes after at least one person has died of Salmonella, and another 76 have fallen ill. The turkey products were traced to Cargill’s processing plant in Springdale, Arkansas. According to the Center for Disease Control and Prevention, the Salmonella outbreak involves a strain of the bacteria known as Salmonella Heidelberg, which is resistant to many commonly prescribed antibiotics..."
Latest assault by SB5 supporters: sue Ohio teachers’ unions
When Americans Asked For Bipartisanship The Republicans Said No
Sex Vs Hard-Ons: Fox News Host Sean Hannity Weighs In
This is about women's health and women's rights.
Republicans Kill The Hostage As S&P Downgrades US Debt
Republicans Kill The Hostage As S&P Downgrades US Debt: "S&P downgraded America’s debt because the Republicans have made the process of governing so dysfunctional that Washington can no longer be trusted to agree to make even the most basic decisions.
The S&P report laid out their reasoning..."
The S&P report laid out their reasoning..."
Friday, August 5, 2011
S&P and the USA
S&P and the USA: "OK, so Standard and Poors has gone ahead with the threatened downgrade. It’s a strange situation.
On one hand, there is a case to be made that the madness of the right has made America a fundamentally unsound nation. And yes, it is the madness of the right: if not for the extremism of anti-tax Republicans, we would have no trouble reaching an agreement that would ensure long-run solvency..."
On one hand, there is a case to be made that the madness of the right has made America a fundamentally unsound nation. And yes, it is the madness of the right: if not for the extremism of anti-tax Republicans, we would have no trouble reaching an agreement that would ensure long-run solvency..."
Obama administration official calls S&P analysis 'way off'
Obama administration official calls S&P analysis 'way off': "The Obama administration angrily responded to Standard & Poor's decision Friday to downgrade the U.S. credit rating, with one senior official saying the agency's "analysis was way off."
U.S. Treasury officials received S&P's analysis Friday afternoon and alerted the agency to an error that inflated U.S. deficits by $2 trillion, said the administration official, who was not authorized to speak for attribution. The agency acknowledged the mistake, but said it was sticking with its decision to lower the U.S. rating from a top score of AAA to AA+..."
U.S. Treasury officials received S&P's analysis Friday afternoon and alerted the agency to an error that inflated U.S. deficits by $2 trillion, said the administration official, who was not authorized to speak for attribution. The agency acknowledged the mistake, but said it was sticking with its decision to lower the U.S. rating from a top score of AAA to AA+..."
BREAKING: S & P Downgrades U.S. Credit For First Time In History, Repeatedly Cites GOP Intransigence On Taxes
BREAKING: S & P Downgrades U.S. Credit For First Time In History, Repeatedly Cites GOP Intransigence On Taxes: "Reuters reports: “The United States lost its top-notch AAA credit rating from Standard & Poor’s on Friday, in a dramatic reversal of fortune for the world’s largest economy.” The new rating is AA+. In explaining their decision Standard & Poors cites both the decision by Republicans in Congress to turn the debt ceiling into a [...]"
U.S. credit rating downgraded for first time in history
U.S. credit rating downgraded for first time in history: "Despite that pesky $2,000,000,000,000.00 math error in their first calculations, S&P followed through with the downgrade..."
S&P downgrades US credit rating - The Hill's On The Money
S&P downgrades US credit rating - The Hill's On The Money: "The United States has suffered its first downgrade to its credit rating in history, as Standard & Poor's has reduced the nation's rating from AAA to AA+.
The credit rating firm said the recent plan to raise the debt limit while reducing the debt "falls short" of its expectations, but also offered broader condemnations for America's political process.
"The downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges," the firm wrote in its announcement..."
FUCK YOU TEA PARTY TALIBAN AND RETHUGS!
The credit rating firm said the recent plan to raise the debt limit while reducing the debt "falls short" of its expectations, but also offered broader condemnations for America's political process.
"The downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges," the firm wrote in its announcement..."
FUCK YOU TEA PARTY TALIBAN AND RETHUGS!
Happy Birthday Mr. President
Visit msnbc.com for breaking news, world news, and news about the economy
GOP Chairman Mica Forces Furlough Of Thousands Of Workers, Then Plays Victim: ‘I’ve Had A Brutal Week’
GOP Chairman Mica Forces Furlough Of Thousands Of Workers, Then Plays Victim: ‘I’ve Had A Brutal Week’: "The 13-day shutdown of the Federal Aviation Administration finally came to an end today, which will allow thousands of furloughed federal employees and tens of thousands of construction workers to get back on the job on Monday. House Republicans refused to reauthorize the FAA without including an anti-union provision that would make it harder for [...]"
Lawrence O'Donnell Gives Chris Christie A Standing Ovation For Defense Of Muslim Judge
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Wow, I am amazed. I don't agree with a lot that Christie has done but that was just awesome. O_O
Real Time With Bill Maher: Overtime - Episode #222 (HBO)
I do not like the woman in the red dress. Or the guy with the grey suit and glasses. Corporations do not create jobs out of thin air! They create jobs when there's high demand dammit! You need to go back to friggin high school and take an economics class and then maybe you'll understand this!
The GOP Has Become A Front Group For Tea Party Economic Terrorism
July Heat Records Define The United States
July Heat Records Define The United States: "July was so hot “that just by plotting the location of each daily heat record that was broken, a nearly complete image of the contiguous United States is visible,” reports NOAA. “Almost 9,000 daily records were broken or tied last month, including 2,755 highest maximum temperatures and 6,171 highest minimum temperatures (i.e., nighttime records).” “Some [...]"
How JP Morgan Took Over All Kentucky's Financial Services, And Why You Should Be Scared
How JP Morgan Took Over All Kentucky's Financial Services, And Why You Should Be Scared: "One of the major players in the global financial crisis is now in charge of all financial transactions in an entire state. Could this spread?On July 1, JP Morgan Chase became the Commonwealth’s bank. As the state’s official depository, JP now receives all deposits, writes all checks and makes all wire transfers on the $12-15 billion that flow through Kentucky state government in the course of a fiscal year. It will cut payroll checks, receive federal and other funds earmarked for the state, and disburse educational or transportation or any other funds to their appropriate monetary endpoints. For its trouble, the bank will receive $1.3 million in state fees and the ability to re-lend idle state funds out to customers for private gain..."
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