Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘money’

Radical Republicans, TEApublicans and other Governmental Deconstructionists

Posted by Warm Southern Breeze on Monday, June 17, 2013

Audits, liens, garnishments: the Internal Revenue Service (IRS) goes to amazing lengths to ensure you comply with your taxes but what happens when they turn that energy to making sure you also comply with their political agenda? As recent scandals have shown, that’s exactly what they are doing! Our response: its time we abolished the IRS.

“The IRS has admitted to unfairly targeting conservatives, hassling adoptive parents, throwing lavish conferences, attempting to censor pro-life groups and has leaked confidential tax information for political ends — and this is the agency we are going to trust with enforcing Obamacare?”

Tear it down.

Break it up.

Destroy it.

Kill it.

We hate it.

That’s the message of the modern Republican party.

We hate you.

We love BIG BUSINESS.

We think you ought to believe the way we do, think the way we do, act the way we do.

Be different!

Join the crowd!

Yes, the irony is abundant.

The message quoted above is a direct e-mail message from Read the rest of this entry »

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How much is enough? A guide to dissatisfaction & satiety.

Posted by Warm Southern Breeze on Sunday, June 9, 2013

Late Southern humorist & columnist Lewis Grizzard once wrote a book entitled “Elvis is dead, and I don’t feel so good myself.” The title seems apropos, especially since economics is colloquially known as “the dismal science.” 

And then, there’s former Soviet Union premier Nikita Khrushchev who once famously said during the early stages of the Cold War in 1956, “We will bury you!

Either way, it means somebody’s gonna’ die.

Considering the implications, however, I ask these questions:

How many beds can a man sleep in at once? How many meals does he need before he is full? In how many cars can he ride at once? In how many showers can he bathe at once? How many shoes can he wear at once? In how many houses can he live at once?

How much is enough?

A pessimist’s guide to the Great Recession

Review by Ferdinando Giugliano
June 9, 2013 4:36 pm
A provocative critique of policy makers’ response to the economic crisis

When the Money Runs Out: The End of Western Affluence,
by Stephen King, Yale University Press, RRP£20/RRP$30

Academic debates over the right policy response are one of the few abundant commodities during an economic crisis. Just as in the 1930s and 1970s, the financial crisis that began in the late 2000s has divided economists into two camps. The neo-Keynesian troops have Read the rest of this entry »

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Deep Data Mining & Personal Privacy: The NSA has NOTHING on BIG BUSINESS

Posted by Warm Southern Breeze on Saturday, June 8, 2013

Much ado about nothing.

That’s how I describe the recent ruckus & hullabaloo made about the recent UK news story that “revealed” the U.S. National Security Agency is “spying” on American citizens at home.

The reality is, that the information the NSA is creating is called “metadata,” is a set of data that describes & gives information about other data. Phone numbers called, dates, times & length of calls is NOTHING by comparison to what BIG BUSINESS knows about us already.

Why do you get certain junk mail?

Ever got junk mail from the AARP?

If you’re near age 50, or older, you probably already have.

Ever gotten junk mail from Social Security, Medicare, FDIC, or even your Congressman or Senator?

I dare say you have NEVER.

When you bought your car, if you borrowed money to purchase it, the bank or credit union which loaned the money to you performed a background credit check on you before they loaned their money to you.

Where do you think they got such information? The federal government?

Please… don’t insult my intelligence.

When you applied for a credit card, did you happen to list your age or birthdate on the application?

What about the life, health, auto, or house insurance policies you have? Did you mention your relationship status, number of children, their ages, specifics of your health including medicines, treatments, surgeries, income & source, length of residency, height, weight, or even the size, color & consistency of your last bowel movement?

I would imagine the answer to ALL those questions – at one time or another – has been “yes.”

And yet, unless you’ve served in the Armed Services, or as a Read the rest of this entry »

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Smithfield Foods Chinese Pork Project is a Wall Street Happy Meal Deal: American Prices Will Increase

Posted by Warm Southern Breeze on Wednesday, May 29, 2013

If you like bacon, ham, pork sausage, barbecue, ribs, or any other pork product – including cold cuts & pizza – get ready to pay at least 2 – 4 times more, and for shortages.

Why?

Wall Street minions – who manage Smithfield, an American company no more – have no patriotic qualms about taking food off your table and out of your mouth to feed the mouths of the people who steal our nation’s military secrets, defraud our motion picture & music copyrights, and have an historical track record of Shanghai-ing anyone & everyone who gets in their way.

You think I’m kidding, or that I don’t know what I’m writing about?

Just recollect back a few months – oh, say about 7 – to Thanksgiving in November 2012 when pecans were 2x – 3x the price they were usually.

And why was that?

After all, pecan farmers had a record bumper crop… and that typically translates into lower prices for consumers.

It’s because the Chinese suddenly discovered they liked pecans, and were willing to pay premium prices (translate: much MORE then you’re willing to pay), and so the growers shipped pecans over to China.

As I continue to contend, IT’S ALL ABOUT THE MONEY.

Okay… so it may cost more. So what?

How about this?

Were you aware that the Chinese company that bought Smithfield sold pigs that had been fed a substance banned in the USA & England & other nations?

Yup.

Shuanghui Group, China’s largest meat processor, sold pigs fed Clenbuterol in 2011. Here are three links about the ordeal.

And, would it surprise you to find out that Goldman Sachs is one of the top investors?

1.) “According to Chinese government data, 18 outbreaks of food-related clenbuterol poisoning occurred between 1998 and 2007. The most recent report indicates one person died and more than 1,700 others fell ill.”

2.) “Meanwhile, at Jiyuan Shuanghui’s processing facilities, of the 689 pigs awaiting slaughter, 19 tested positive for clenbuterol. Shuanghui, which counts Goldman Sachs among its investors, has shut down the Jiyuan branch affected by the contamination so it can conduct its own inspection.”

3.) “And in recent months the additive has earned notoriety in China after a string of people got sick from eating pork products full of it. Hundreds took ill in one incident in March, and this week, 286 people in Hunan province after eating pork contaminated with ractopamine, a chemical very similar to clenbuterol. Chinese livestock farmers began using clenbuterol in pig feed in the late 1980s to boost growth and get animals to market faster, but it was banned in 2002 as the health risks of eating the meat became better understood. Clenbuterol-tainted meat dizziness, headaches, hand tremors, and other unpleasantness. It’s especially risky for people with heart troubles.”

Shuanghui Agrees to Acquire Smithfield Foods for $4.72B

By Shruti Date Singh and Jeffrey McCracken – May 29, 2013

Shuanghui International Holdings Ltd., China’s biggest pork producer, agreed to acquire Smithfield Foods Inc. (SFD) for about $4.72 billion to boost supplies for the nation that’s the biggest consumer of the meat.

Closely held Shuanghui, parent of Henan Shuanghui Investment & Development Co. (000895), will pay $34 a share for the Smithfield, Virginia-based producer, both companies said today in a statement. The offer is 31 percent more than yesterday’s closing share price.

China’s consumption of pork is rising with the expansion of its middle class while there are questions being asked about the safety of the country’s food supply. Smithfield’s livestock unit is the world’s largest hog producer, bringing about 15.8 million of the animals to market a year, according to the company’s website. It owns 460 farms and has contracts with 2,100 others across 12 U.S. states.

The takeover is valued at $7.1 billion including debt, which would make it the largest Chinese takeover of a U.S. company, according to Read the rest of this entry »

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GAO Report: Pentagon spending out of control – Rumsfeld reported same in 2001

Posted by Warm Southern Breeze on Monday, May 27, 2013

What does Senator Sessions think about the March 2012 Government Accountability Office report to Congress that found the 96 highest-priority defense programs in the Pentagon acquisitions system represented an estimated total cost of $1.58 trillion, and had actually “grown by over $74 billion or 5 percent in the past year”?

The report, entitled DEFENSE ACQUISITIONS: Assessments of Selected Weapon Programs – may be downloaded from the GAO website: http://www.gao.gov/assets/590/589695.pdf

Or from this blog: GAO 3/12 report – DEFENSE ACQUISITIONS Assessments of Selected Weapon Programs

And then, there are the Remarks as Delivered by Secretary of Defense Donald H. Rumsfeld, The Pentagon , Monday, September 10, 2001 entitled DOD Acquisition and Logistics Excellence Week Kickoff—Bureaucracy to Battlefield, in which he said “According to some estimates, we cannot track $2.3 trillion in transactions.”

How many variety of voices over an extended period of time do we need before we heed their warnings?

His speech, in it’s entirety follows. Read the rest of this entry »

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Senator Jeff Sessions REFUSES to give up part of his salary for sequestration

Posted by Warm Southern Breeze on Monday, May 27, 2013

Be sure to ask Sen. Sessions if he is going to voluntarily give up a portion of his Senatorial salary since the Senate last month passed a measure urging their members to forgo 20% of their salaries as part of sequestration.

Kudos, however, to Sen. Bob Corker R-TN, who has NEVER pocketed any of his Senate salary.

Why?

He donates it ALL to charity.

Why?

He’s worth over $19 Million.

Few senators sacrifice pay amid cuts

By Russell Berman – 04/03/13 05:00 AM ET

Only a few senators are planning to forfeit a portion of their salaries to charity or the U.S. Treasury while sequestration is in effect, according to a survey conducted by The Hill.

The Senate last month passed a measure urging members of the upper chamber to forgo 20 percent of their salary during sequestration. Most senators, however, are keeping quiet on whether they will follow through.

During a marathon session of budget votes, the Senate approved by voice vote an amendment from Sen. Lindsey Graham (R-S.C.) calling on lawmakers to donate 20 percent of their pay to charity or return it to the U.S. Treasury.In his floor speech, Graham noted that about 500,000 to 600,000 federal employees will be furloughed because of sequestration and that senators should “feel what other people are feeling.”

Yet in a survey of Senate offices by The Hill, only Graham and Sens. Mark Begich (D-Alaska), Claire McCaskill (Mo.), Mike Lee (R-Utah) and Jay Rockefeller (D-W.Va.) have indicated they would give up some of their take-home pay.

In a recent press release, Begich — who is up for reelection in 2014 — said Read the rest of this entry »

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The GIANT SUCKING SOUND South of the Border. -or- Ross Perot was right.

Posted by Warm Southern Breeze on Saturday, May 25, 2013

Ross Perot was right.

Scene: 1992 Presidential Debate: Former Arkansas Governor William Jefferson Clinton – D, President George H. W. Bush – R, and Ross Perot – I.

White Male Audience Member: Yes, I’d like to direct my question to Mr. Perot. What will you do, as President, to open foreign markets to fair competiton from American business, and to stop unfair competition here at home from foreign countries, so that we can bring jobs back to the United States?

Ross Perot: That’s right at the top of my agenda.

We’ve shipped millions of jobs overseas, and uh… we have a strained situation because we have a process in Washington, where after you’ve served for a while, you cash in, become a foreign lobbyist, make $30,000 a month, then take a leave, work on presidential campaigns, make sure you got good contacts, and then go back out.

And if you just want to get down to brass tacks, the first thing you ought to do is get all these folks who got these one-way trade agreements that we’ve negotiated over the years, and say ‘fellas, we’ll take the same deal we gave you.’ And they’ll gridlock right at that point, because, Read the rest of this entry »

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Alabama Legislature OK’d tax money for private schools. Now Governor Bentley backpedals.

Posted by Warm Southern Breeze on Monday, May 20, 2013

The Texas State Legislature doesn’t think public tax dollar$ should go to private schools.

But Alabama’s State Legislature just OK’d & Governor Bentley signed the Alabama Accountability Act of 2013 (HB 84), aka the School Flexibility Bill, aka the Private School Voucher Act.

http://educationblog.dallasnews.com/2013/04/house-votes-to-bar-state-funding-for-private-school-vouchers.html/

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Would President Obama privatize TVA & Kill the Goose that Laid the Golden Egg?

Posted by Warm Southern Breeze on Tuesday, April 23, 2013

Shoals: Privatizing TVA is ‘a bad idea’

By Mike Goens
Managing Editor
Matt McKean/TimesDaily
4/21/13

Anglers fish below thousands of feet of power lines that run from TVA’s Wheeler Dam turbine systems. Those from the Shoals who work closely with the Tennessee Valley Authority said the federal agency should not be turned over to private companies. Matt McKean/TimesDaily

Anglers fish below thousands of feet of power lines that run from TVA’s Wheeler Dam turbine systems. Those from the Shoals who work closely with the Tennessee Valley Authority said the federal agency should not be turned over to private companies. Matt McKean/TimesDaily

If President Barack Obama needs help orchestrating an effort to privatize TVA, he shouldn’t expect much support from the Shoals.

Those from the Shoals who work closely with the Tennessee Valley Authority said the federal agency should not be turned over to private companies. They fear a privately owned TVA will lead to higher electricity rates, job cuts, more flooding problems and navigational issues on the Tennessee River and other waterways under TVA’s jurisdiction.

“The first questions you need to ask are what’s the gain for government and what would be gained by the community,” said Steve Hargrove, manager of Sheffield Utilities. “If the purpose is to make things better and there is reason to think it’s possible, I would be the first one interested in sitting at the table and talking about it. I just don’t see advantages of privatizing at this time.”

Obama brought the issue to the table through his 2014 budget proposal, which was released last week. He said selling TVA should be explored as a means to increase revenue by as much as $25 billion, money that could reduce the federal deficit and pay for other government services.

Hargrove has a unique perspective to the debate, having worked at TVA for 33 years before retiring as plant manager at Colbert Fossil Plant. He became manager of Sheffield Utilities in December.

His department purchases electricity from TVA and provides power to about 19,000 customers in Colbert County.

“I am a believer in the private sector, but I would fear their mission would be different than TVA’s,” Hargrove said. “The mission of TVA is not to make profit, and the mission of the private sector is to make a profit. They have to answer to a board that wants to maximize profits. When your primary goal is to make a profit, that becomes a higher goal than helping the community.

“TVA has had its problems, and bad decisions have been made, but its mission is good and they are an established part of the communities.”

Hargrove said residential rates for TVA customers in the Southeast are among the lowest 25 percent in the country and Read the rest of this entry »

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Georgia Wine Exportation Increases

Posted by Warm Southern Breeze on Wednesday, April 17, 2013

While this story is about the nation known as Georgia, given the numerous convoluted and antiquated laws governing beverage alcohol in the Southern United States, it could very well be Georgia… Tennessee, Alabama, Mississippi, Florida, Louisiana, or Arkansas.

Something Old, Something New: Georgian Wines Adapt To Changing Market

April 17, 2013

by Glenn Kates

KISISKHEVI, Georgia — Seven years ago, Burkhard Schuchmann, a retired German railroad executive, arrived for the first time in this lush region, where the snow-capped Caucasian mountains cast a long shadow over the grapevines that line the low-lying fields.It was 2006 and Russia had recently imposed a crippling embargo on Georgian wine.Schuchmann decided to open a winery nevertheless.

“To see it from today’s point of view, Georgians can be lucky that the embargo came,” Schuchmann says. “Because then they were forced to [focus on] quality and to think about marketing. There was no need before.”

After mostly “satisfactory” inspections by Russia’s consumer-rights agency in February and March, Georgian wines will soon be sold in Russia again. But Russians, perhaps expecting the sweet, syrupy taste of years past, may be surprised by the changing nature of Georgian vintage.

Georgian makes new wine

Burkhard Schuchmann opened a winery in Georgia because he thought he could compete outside of Russia by modernizing the industry.

In 2005, Georgia exported 80 percent of its wine to Read the rest of this entry »

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Exactly whose idea was this “Sequester” thing anyway?

Posted by Warm Southern Breeze on Saturday, February 23, 2013

Whose idea was this “sequester” anyway?

Would you believe Mitch McConnell & John Boehner?

Yeah, but McConnell & the GOP are calling it “the president’s sequester”!

Yes, they are. And they want to deceive you.

In other words, they’re lying.

Kentucky’s senior Republican Senator Mitch McConnell, who is the Senate Minority Leader, along with Speaker of the House of Representatives Ohio Congressman John Boehner have both called the impending drastic across-the-board budget cuts & tax increases as “the president’s sequester.”

However, the idea did NOT originate with President Obama.

For the benefit of those whose (choose any combination of the following):
1.) Memories are short, and/or;
2.) Weren’t paying attention in class and/or;
3.) Believe teevee’s talking heads, and/or;
4.) Believe the GOP.

Give particular attention to the last paragraph in the first story, which states in part that,

“McConnell, the chief Republican architect of the compromise, has been adamant that no tax increases will come out of the joint committee. And he and Boehner have effective control given that they will hand-pick six of the 12 members. That said, the defense lobby — a strong force still among Republicans —will most feel the impact of any sequester, and the industry is already being squeezed by the revised appropriations targets set for 2012 and 2013.”

Finally, I would remind the reader that because the GOP’s radical philosophical ideology of privatizing practically every government service (which places public tax dollars in private pockets – is that anything like “welfare”?) harsh across-the-board budget cuts are precisely what the GOP has begged for from Day One.

Debt ceiling disaster averted, but nobody’s really happy

By: David Rogers
August 2, 2011 11:30 PM EST

Running short of cash, Treasury won an immediate reprieve of $400 billion in new borrowing authority Tuesday with the enactment of a hotly contested debt and deficit-reduction agreement hammered out between Republicans and the White House on Sunday night.

President Barack Obama, not hiding his frustration, quickly signed the measure sent to him by Congress after a final 74-26 Senate roll call, capping an unprecedented hard-edged political struggle that had pushed the nation to the brink of default.

Indeed, the stakes were far larger than with the April shutdown fight, and more than any single event this year, the debt battle captured all the power — and critics would say extreme risk-taking — of the anti-government backlash that fueled the GOP’s gains in the 2010 elections.

The timing makes it a gamble too with the faltering recovery. Most of the promised $2.1 trillion in deficit reduction will take place in the out years, but discretionary spending will continue to fall in 2012 and the same Congressional Budget Office — which scored the cuts — will soon issue its August economic update, which could show slower growth.

House Speaker John Boehner has argued the opposite: More aggressively addressing deficits “will in fact provide more confidence for employers in America, the people we expect to reinvest in our economy and create jobs.” But a sell-off Tuesday on Wall Street sent the Dow down 265 points, reflecting growing pessimism about the economic outlook. And as lawmakers left for the summer recess, Democrats vowed to turn the agenda more toward job creation when they return.

“We crossed a bridge,” said House Minority Leader Nancy Pelosi (D-Calif.) “Enough talk about the debt. We have to talk about jobs.”

Obama signaled as much in a Rose Garden appearance after the Senate vote. Extending his 2-percentage-point cut in payroll taxes remains a priority and the appropriations bargain, Read the rest of this entry »

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Alabama residents overcharged for electricity by Alabama Power

Posted by Warm Southern Breeze on Sunday, January 20, 2013

Despite cheaper production costs, Alabama Power bills higher than Georgia Power

By Ben Raines | braines@al.com
January 20, 2013 at 6:11 AM, updated January 20, 2013 at 8:41 AM

Though it costs less to produce power in Alabama, the state’s residents and businesses pay more for electricity than customers in neighboring Georgia.

The price difference is substantial, according to an AL.com analysis of the annual reports of Alabama Power and Georgia Power, sister companies owned by Southern Co.

Between 2006 and 2011, Alabama Power produced the electricity sold to residential and commercial customers for $1.1 billion less than Georgia Power would have spent to make the same amount of electricity.

But despite that savings, Alabama Power charged its residential and commercial customers $1.5 billion more for electricity than Georgia Power would have charged during the six-year period.

2006 2007 2008 2009 2010 2011 Grand total
Difference in Alabama’s higher rates versus Georgia Power rates for commercial and residential $181 million $279 million $330 million $316 million $377 million $33 million $1,517,725,500

Alabama Power executives said that it was Read the rest of this entry »

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Federal Reserve’s “Beige Book” shows improving economy

Posted by Warm Southern Breeze on Thursday, January 17, 2013

The Federal Reserve regularly publishes a summary of economic activity in the 12 Federal Reserve Districts in the United States.

It is important to note that “This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials.”

Much, if not most of the news was promising.

Summary highlights from this Beige Book 2013-01-16 are that:

• “Reports from the twelve Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report, with all twelve Districts characterizing the pace of growth as either modest or moderate.”

• “All twelve districts reported some growth in Read the rest of this entry »

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As Mississippi River Dries Up, Army Corps of Engineers Dredge & Remove Rock

Posted by Warm Southern Breeze on Sunday, January 13, 2013

Behold but one of the effects of climate change… the mighty Mississippi River going dry.

And really, why argue about what’s causing it when we need to be responding to the problems it creates?

Initial Mississippi River Rock Removal Complete, Says Army

The U.S. Army Corps of Engineers said contractors have completed the first phase of emergency work to remove rocks that have held up barge traffic in the drought-stricken Mississippi River.

Contractors have excavated about 365 cubic yards (279 cubic meters) of limestone from the river near the town of Thebes in southern Illinois, deepening the channel by about two feet, the Corps said in a statement today.

“The work has deepened the channel enough to

Read the rest of this entry »

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Another Example of how Corporate Greed Killed American Jobs

Posted by Warm Southern Breeze on Saturday, January 12, 2013

This time, it’s Hawaiian Pineapple Production.

And, it’s an old story.

Del Monte to End Pineapple Production in Hawaii

Last Crop Will Be Harvested in 2008

By , About.com Guide

Del Monte to End Pineapple Production in Hawaii

Pineapple Growing in Central Oahu;
Photo by John Fischer

Sugar and Pineapple – those two words used to be synonymous with Hawaii. In a year where Hawaiians of Filipino decent are celebrating their 100th anniversary in the islands, one of the two cash crops which brought them to Hawaii along with immigrants from China and Japan is facing another long-time grower abandoning the islands for cheaper production elsewhere.Where once sugar cane and pineapple fields were strewn across most of the Hawaiian islands, now you’ll find housing developments, resort hotels and condominiums and more often, just barren fields.

Del Monte to Cease Pineapple Production in Hawaii

Fresh Del Monte Produce Inc. announced last week that after 90 years in Hawaii, they will plant their last crop of pineapple on Oahu this month and will cease all operations by 2008 when that crop is harvested.Citing the expense of Read the rest of this entry »

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