Slog Music

Music, Nightlife,
and Drinks

Sunday, January 20, 2013

Sunday Morning News

Posted by on Sun, Jan 20, 2013 at 9:08 AM

Vice Presidential Festivities: Watch Justice Sotomayor swear in Uncle Joe this morning.

Woman Found Dead in Tacoma: Tyliah Young, 22, was found in a blackberry patch in an alley with gunshot wounds to the head. She was likely killed a few days before she was found.

Washington's Worst Community Bank: Westsound Bank enjoyed "wild growth" during the real estate bubble but collapsed under the weight of millions of dollars of loans to top executives, speculative real estate, and Russian amateur homebuilders.

Amgen 1, Dialysis Patients 0: The fiscal cliff bill gave special consideration in funding a dialysis drug made by the largest biotech firm in the world. The two-year delay in regulation (the second of its kind) outlined in the bill is expected to cost taxpayers $500 million and will likely continue a trend of overprescription for patients suffering renal failure.

How Long Can You Hold Your Breath? The Chinese government is expected to release new measures to combat pollution in Beijing. Journalists have also been cleared to report smog as smog, rather than fog. The change comes after record particulate levels last week, and a duvet of carcinogenic gray covering the city since Friday.

Thank God for Tectonic Plates: Oh wait, tectonism, like climate change, is devilish. But shifting plates might be Washington's best bet against rising tides.

Guns Before Peanut Butter: Mom allegedly packs guns into son's Batman backpack.

Homeward Bound: Holly the tortoiseshell cat was lost in November at an RV show in Daytona Beach. Somehow, she managed to find her way back to her home in West Palm Beach. Reports the New York Times:

Peter Borchelt, a New York animal behaviorist, wondered if Holly followed the Florida coast by sight or sound, tracking Interstate 95 and deciding to “keep that to the right and keep the ocean to the left.”

Experts think she may also have hitchhiked part of the way.


Comments (7) RSS

Newest First Unregistered On Registered On Add a comment
bugwitch 7
Plate tectonics is just a theory.
Posted by bugwitch on January 20, 2013 at 6:45 PM · Report this
The Greatest Entitlement Program of All Time ! ! !

In the colossal reframing of the modern vernacular, referring to absolute corruption as "regulatory capture" and everything factual as "conspiracy theory" and robber barons as "philanthropists" and financially-supported programs as "entitlement programs" (Social Security, etc.), it behooves each and everyone of us to comprehend what the ultimate entitlement program, the ultimate handout, the ultimate welfare program is: the entitlement to create the money --- which they, the bankers, then charge the rest of us to use --- that monopoly of monopolies.

When the bankers make a loan, any type of loan, to other bankers or businesses, etc., they have created money, and to pay them back for their sole entitlement to create that money, they charge us interest (once fixed at "reasonable rates" for such a scam, but that changed due to Jimmy Carter and Ronald Reagan overturning the Federal anti-usury laws and regulations.

Since the amount of money is limited to what the bankers have created, we are reduced to mice scurrying about in a maze, seeking that mysterious money for their interest payments (they have created the loan; but the interest money doesn't exist --- you must compete for that in the incredibly shrinking pie).

That other reframed phrase, "shadow banking," repeated frequently since 2007 and the obvious beginning of the economic meltdown, is simply a further extension of their entitlement to create money; they created endless layers of debt, which they profited outrageously from, and used those layers upon layers of debt to wreak havoc on the rest of us (globally speaking, in most if not all countries), furthering their wealth and control.

They speculated a massive number of companies --- and jobs --- out of existence.

The top banks gave structured leveraged loans (layers of debt) to private equity firms (effectively just financial extension of the banks) to do leveraged buyouts --- creating even more debt against the companies they purchased, rewarding themselves financially with further loans against the targeted companies, destroying more companies, and more jobs --- called rape and pillage in another age!

The banks did the same with regard to hedge funds (and the largest hedge funds are typically owned by the largest banks), encouraging the hedge funds to speculate companies out of existence, while speculating upwards the prices of oil, energy, commodities and healthcare.***

When one has the ultimate entitlement program, one enjoys the ultimate in control and power!

***The hedge funds then used a most miniscule portion of their profits from that speculating, to finance legislation in the US Congress to give preference in loans to small businesses, through the SBA and other government entities, to those small businesses already invested in by hedge funds and/or private equity funds, i.e., they are working to destroy small and independent businesses in America and elsewhere.

Honesty Update:

When President Obama falsely claims the banks didn't break any laws, and faux newsies like David Brooks, Thomas Friedman, Malcolm Gladwell, Sorkin et al., make similarly false claims, then why is the SEC always fining the banksters! (True, they are the smallest, most insignificant fines possible, but it bears reflection.)…………………………
Posted by sgt_doom on January 20, 2013 at 12:46 PM · Report this
Posted by erasedk on January 20, 2013 at 11:51 AM · Report this
Batman is very anti-gun.
Posted by crasher on January 20, 2013 at 10:59 AM · Report this
On the news last night they were reporting the air quality around here..Puget Sound..was so bad people were going to the hospital with respiratory problems (in addition to the flu sufferers).
Posted by Supreme Ruler Of The Universe http://_ on January 20, 2013 at 9:54 AM · Report this
Free Lunch 1
The Amgen/dialysis link is broken.
Posted by Free Lunch on January 20, 2013 at 9:42 AM · Report this

Add a comment

Commenting on this item is available only to registered commenters.

All contents © Index Newspapers, LLC
1535 11th Ave (Third Floor), Seattle, WA 98122
Contact | Privacy Policy | Terms of Use | Takedown Policy