I can't for the life of me remember the young ladies name who was recently shot in the head on Booth Street but sources just informed me she has expired.
This was one of the main reasons the Mayor wanted to start this Task Force and although I was told from the beginning the chances were very slim she would survive, I was also told, (while some argued with me) that she was paralyzed as well.
Nevertheless, she has now passed and there's yet another murder in Salisbury. There is still no solid suspect on the young lady prostitute who was murdered a month ago as well, so Chief Webster has his hands full and I personally believe this guy should hang up his badge and resign as Chiefy of Police in Salisbury.
We truly need to hold these Officials more accountable for their stats and while the Chief and Mayor fluff things up and actually try to make it sound like things are safer in Salisbury, they are not. As a matter of fact, (like I said a month ago) the Chief should have exposed the Intel Information on the suspect they had weeks before they even found her body. The guy had temporary tags on his vehicle, how long did the Chiefy think they were going to stay temporary?
Anyhow, I realize it's easy to criticize from the outside but enough is enough. I'm not going to get into the details of additional information referencing Metro Bail Bonds and their connection with Booth Street. More to come.........
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Saturday, September 27, 2008
WAMU FILES FOR BANKRUPTCY PROTECTION IN WILMINGTON, DE
Just released from Reuters.
Washington Mutual filed for Chapter 11 bankruptcy protection from creditors today in Wilmington, DE.
http://www.reuters.com/article/ousiv/idUSTRE48Q09Y20080927
Washington Mutual filed for Chapter 11 bankruptcy protection from creditors today in Wilmington, DE.
http://www.reuters.com/article/ousiv/idUSTRE48Q09Y20080927
Comcast, American Builder & CN8 Pull Stolen Photos From Their Site
It didn't take long for the word to get out there to Comcast even on a Saturday where they still have the pages up, yet they pulled ALL of the photos, even the stolen ones.
Comcast took the photos from Salisbury News and placed them on their Website without permission and more importantly they refused to give credit to me or Salisbury News. Like I said, they're welcome to them if they simply give credit but similar to WMDT, they chose to take down the entire article instead of giving credit where credit is due.
You have to admit, someone has been watching Salisbury News for them to pull everything on a Saturday, all within a couple of hours.
Comcast took the photos from Salisbury News and placed them on their Website without permission and more importantly they refused to give credit to me or Salisbury News. Like I said, they're welcome to them if they simply give credit but similar to WMDT, they chose to take down the entire article instead of giving credit where credit is due.
You have to admit, someone has been watching Salisbury News for them to pull everything on a Saturday, all within a couple of hours.
CN8 American Builder Also Steals Photos From Salisbury News
Go to this site, http://www.cn8.tv/utilities/photogallery.asp?lChannelID=1012&subhead=gallery to see the CN8 American Builder Website images. While I have no problem having people use my photos, I do have a problem when they DON'T GIVE ME CREDIT FOR THEM.
Once again, the MSM wants to come after Bloggers but the MSM refuses to give credit where credit is due. This is wrong. Something needs to be done about this. I spoke to a few other friends who take pictures and they have gone after these groups and received financial rewards for their doing so.
Like I said, I have no problem allowing others to use my photos as long as they ask permission AND give credit to SBYnews.com. As if COMCAST isn't making enough money.
Once again, the MSM wants to come after Bloggers but the MSM refuses to give credit where credit is due. This is wrong. Something needs to be done about this. I spoke to a few other friends who take pictures and they have gone after these groups and received financial rewards for their doing so.
Like I said, I have no problem allowing others to use my photos as long as they ask permission AND give credit to SBYnews.com. As if COMCAST isn't making enough money.
The Economy and Tax Cuts
My personal opinions on this topic are as follows. Obama wants to increase taxes on the wealthy and lower them for the poor. That sounds great.. like a modern Robin Hood right?..Problem is this isn't Sherwood forest . If you tax the wealthy they are not going to suffer, they will cut jobs move production elsewhere and whatever else they have to do to offset the tax. In the end the tax break you give the poor is only going to equal out in the end because of the companies raising prices on products again to cover the tax losses they are going to incur. There is no answer to this problem because the tax breaks these companies get aren't invested in employees either. Im sure the wealthy who get tax breaks aren't going..you know since my taxes are lower i am gonna give Jim from the mailroom a raise..first thing they are going to do is invest this extra money or buy themselves a new car or house. I think if both sides could just forget about the differences and try to come up with a good solution it could be beneficial to all..problem is it has never happened and i can't see it happening any time soon either.
Classified Ads
Did you check out the Classified Ads this week. The link is on the right hand side of the Blog.
United or Divided States of America - what do you want?
In 1999 Clinton convinced freddie and fannie to loosen up on the lending criteria so that "low income" people could purchase a home - even if their credit didn't support that loan. Feel good stuff that tends to divide us. Then Bush carried that forward supporting the same concept. After 9/11 the economy slowed a bit and the Federal Reserve Bank lowered interest rates - in my opinion way too far and way too fast. Couple that with the loose lending criteria and here we are. Paying the price for 16 years of bad policy. It's easy for Democrats to point fingers at Republicans and Republicans at Democrats but the fact is the both parties have failed America. They spend more time fighting amongst themselves than they do addressing the important problems that face our nation.
Cut ALL taxes across the board. Let Americans keep more of what they earn. Shrink the size of the federal govt. - it wasn't designed to be this big. We'll save BILLIONS. Socialist govts. are big. Get back to the basics. We now face some of the very issues that started the revolutionary war. Is that what we want?
Quit sending taxpayers money overseas until we get our sh*t together here at home. I can appreciate the plight of those in third world countries (oh sorry PC violation "developing nations") but we have children here at home who go to bed hungry and have no decent clothes or healthcare. Charity starts at home, folks.
Start NOW drilling offshore for oil AND refining oil shale. Start now pulling the govt. off of the backs of Americans who would like to pursue alternate sources of energy. I'm not saying that we should not have oversight on nuke plants to maintain safety and environment integrity, but remove the bureaucratic red tape that makes the whole process cost so much more than it must.
No more "redistribution of wealth". It's a foolish concept to punish those who work long hard hours everyday so that they can be taxed more heavily in order to give more money to those who refuse to work. New plan for people who are able yet refuse to work - work or go hungry.
I find it interesting that each political party claims to be the one that is best for America, yet they both divide us. Remember 9/11? There were no political parties after that - just Americans. Were we divided after the attack on Pearl Harbor?
We Americans do our BEST work when we are united. We are now at a crucial point in America. Our financial well being is at stake as is our standing in the world theater. Our national security is vulnerable on many fronts. With all of this going on it seems ridiculous that our elected representatives can't seem to pull it together without squabbling. A $700 billion dollar bail out bill and it's packed with pork. Can you believe this?
It's time that we demand better from those we elect. Stop dividing our country because a house divided CANNOT STAND! We should demand that they stop all of this petty arguing and pull this nation together again as one. Hear us or stand down so that people capable of uniting our country can get to work. We are at a crossroads here. We The People need to make a stand. We can do this.
Cut ALL taxes across the board. Let Americans keep more of what they earn. Shrink the size of the federal govt. - it wasn't designed to be this big. We'll save BILLIONS. Socialist govts. are big. Get back to the basics. We now face some of the very issues that started the revolutionary war. Is that what we want?
Quit sending taxpayers money overseas until we get our sh*t together here at home. I can appreciate the plight of those in third world countries (oh sorry PC violation "developing nations") but we have children here at home who go to bed hungry and have no decent clothes or healthcare. Charity starts at home, folks.
Start NOW drilling offshore for oil AND refining oil shale. Start now pulling the govt. off of the backs of Americans who would like to pursue alternate sources of energy. I'm not saying that we should not have oversight on nuke plants to maintain safety and environment integrity, but remove the bureaucratic red tape that makes the whole process cost so much more than it must.
No more "redistribution of wealth". It's a foolish concept to punish those who work long hard hours everyday so that they can be taxed more heavily in order to give more money to those who refuse to work. New plan for people who are able yet refuse to work - work or go hungry.
I find it interesting that each political party claims to be the one that is best for America, yet they both divide us. Remember 9/11? There were no political parties after that - just Americans. Were we divided after the attack on Pearl Harbor?
We Americans do our BEST work when we are united. We are now at a crucial point in America. Our financial well being is at stake as is our standing in the world theater. Our national security is vulnerable on many fronts. With all of this going on it seems ridiculous that our elected representatives can't seem to pull it together without squabbling. A $700 billion dollar bail out bill and it's packed with pork. Can you believe this?
It's time that we demand better from those we elect. Stop dividing our country because a house divided CANNOT STAND! We should demand that they stop all of this petty arguing and pull this nation together again as one. Hear us or stand down so that people capable of uniting our country can get to work. We are at a crossroads here. We The People need to make a stand. We can do this.
Two Years Ago Today
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Charles Jannace signed documents as a Write In Candidate for County Executive on this date. The problem was, he was more interested in spending time playing around than he was at running for County Executive.
2 Years Ago Today
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It was two years ago today Charles Jannace was running as a Write In Candidate for the County Executive Seat. Thank God no one took him seriously as I'll not get into the details as to why Charles was running but I will say it wasn't for the good of the County. Once I personally learned what he was up to I dumped ALL of my support for this man and walked away immediately. Scumbags shouldn't run for Office just like the Chief of the Fire Department, well, let's just say things were related. Just ask other local attorneys. The County was smart enough not to take Jannace seriously.
Wachovia Begins Early Deal Talks With Citi
It is Friday and once again we're awaiting word about another Federal bank seizure. Word on the street is that Wachovia will fold unless the Congress approves the bailout package this weekend. The Stock price plummets on the news, down almost $5/Sh.
HERE ARE THE DETAILS:
http://dealbook.blogs.nytimes.com/2008/09/26/wachovia-begins-early-deal-talks-with-citi/index.html?hp
HERE ARE THE DETAILS:
http://dealbook.blogs.nytimes.com/2008/09/26/wachovia-begins-early-deal-talks-with-citi/index.html?hp
Special Report
This morning the Civic Center will open their doors for anyone interested in purchasing tickets to the Fernando Guerrero/Showtime Fight from 9:00 AM to 12:00 PM.
I believe this is the very first time the Civic Center has offered to do so and they wanted to do this to assure anyone who works 5 days a week and doesn't have the spare time to go in during normal business hours, this is your special opportunity.
There are still great seats available to the fight and as I spent several hours yesterday with Fernando and Hal at SU and Relay for Life, people were going nuts over the fight and they can't wait for it to happen.
We're less than a week away from The Main Event so take advantage of this unique opportunity today and get your tickets before all the great seats are simply gone.
I believe this is the very first time the Civic Center has offered to do so and they wanted to do this to assure anyone who works 5 days a week and doesn't have the spare time to go in during normal business hours, this is your special opportunity.
There are still great seats available to the fight and as I spent several hours yesterday with Fernando and Hal at SU and Relay for Life, people were going nuts over the fight and they can't wait for it to happen.
We're less than a week away from The Main Event so take advantage of this unique opportunity today and get your tickets before all the great seats are simply gone.
John Boehner's Letter To Pelosi
http://www.politico.com/blogs/thecrypt/0908/Boehner_letter_to_Pelosi.html
September 26, 2008
The Honorable Nancy Pelosi
Speaker of the House
H-232, U.S. Capitol
Washington, D.C. 20515
Madame Speaker:
As our discussion ended last night, we agreed to continue talking about how to best solve this economic crisis. Like you, House Republicans and I believe we must address this crisis quickly and in a way that protects the interests of families, seniors, small businesses, and all taxpayers. As you know, this process is not about faceless executives on Wall Street, but about keeping families in their homes, safeguarding their retirement security, college savings, and bank accounts, and protecting their jobs.
Over the last week, we have frequently discussed Secretary Paulson's proposal, and I have repeatedly expressed the need for improvements on behalf of myself and my Republican colleagues. Our staffs have also been in regular contact. To that end, Financial Services Committee Ranking Member Spencer Bachus (R-AL) was tasked by House Republicans to engage in discussions with Chairman Barney Frank (D-MA) and Chairman Chris Dodd (D-CT) and report back to our Conference on the progress of those negotiations before a final deal could be made. Yet Chairman Frank and Chairman Dodd, on several occasions over the last several days, announced that a bipartisan deal was at hand even though the reservations about the underlying proposal I had expressed to you had not been addressed. Each time such announcements were made, or even rumored, I or my staff made it clear to media and to your staff that any such deal did not include House Republicans.
As we demonstrated at the beginning of this year when we crafted a timely agreement on the economic stimulus package, a bipartisan response to our nation's priorities is never out of reach. And I believe the same holds true at this hour. House Republicans are prepared to stay in Washington to forge an agreement on a proposal that reflects the core free-market, pro-taxpayer principles of our Party.
With that in mind, earlier this week, with your knowledge, I directed our Chief Deputy Whip Eric Cantor (R-VA) to lead a working group of House Republicans to develop a package of ideas to move this process forward. His working group represented a broad cross-section of House Republicans – including both moderate and conservative members – and their goal was to develop ideas worthy of support on both sides of the aisle. We have discussed some of these ideas, and I would like to reiterate that I believe they should be given the consideration they deserve as our economic rescue discussions continue. A brief overview of the working group's blueprint is included with this letter.
Madam Speaker, we owe it to all those with a stake in this process to continue our discussions until we arrive at an agreement that is acceptable on both sides of the aisle – and more importantly, one that serves the interests of American taxpayers. That is why I ask you and your Democratic colleagues to give the House Republican working group's proposals serious consideration as this process moves forward. If such consideration is not given, a large majority of Republicans cannot – and will not – support Sec. Paulson's plan. In the interest of the men and women we represent in Congress, I hope it does not come to that conclusion. I look forward to your timely response and to continuing our work together on an economic rescue package worthy of all of our support.
Sincerely,
John Boehner
Republican Leader
HOUSE REPUBLICAN WORKING GROUP – ECONOMIC RESCUE PRINCIPLES
I. Wall Street – Not Taxpayers – Should Fund the Recovery
The most troubling part of Sec. Paulson's plan is that it relies wholly on taxpayer funds. House Republicans believe that rather than providing taxpayer funded purchases of frozen mortgage assets to solve this problem, any rescue package should adopt a plan to insure mortgage backed securities (MBS) through payment of insurance premiums.
Currently, the federal government insures approximately half of all MBS and can insure the rest of those still outstanding. However, rather than taxpayers funding the insurance, the holders of these assets should pay for it. The working group's proposal would direct the Treasury Department to design a system to charge premiums to the holders of MBS to fully finance this insurance.
II. Private Capital – Not Tax Dollars – Should Be Injected Into Financial Markets
Instead of injecting taxpayer funds into the market to produce liquidity, private capital can be drawn into the market by removing burdensome regulatory and tax barriers that are currently blocking private capital formation. In short, too much private capital is sitting on the sidelines during this crisis, and it is well past time to unleash it.
Temporary tax relief provisions can help companies free up capital to maintain operations, create jobs, and lend to one another. In addition, the working group recommends a temporary suspension of dividend payments by financial institutions and other regulatory measures to address the problems surrounding private capital liquidity.
III. Immediate Transparency, Oversight, and Market Reform
Both Republicans and Democrats have made clear that they believe there is not a strong enough oversight component in Sec. Paulson's plan. The House Republican working group's proposal addresses this flaw. To begin, the plan would require participating firms to disclose to the Treasury Department the value of their mortgage assets on their books, the value of any private bids within the last year for such assets, and their last audit report. Additional safeguards include:
To limit federal exposure for high risk loans, the working group's recommendations mandate that Government Sponsored Entities no longer securitize any unsound mortgages.
The plan would call on the Securities Exchange Commission (SEC) to audit reports of failed companies to ensure that the financial standing of these troubled companies was accurately portrayed.
The blueprint would guarantee that Wall Street executives do not benefit from taxpayer funding.
The proposal would call on the SEC to review the performance of the credit rating agencies and their ability to accurately reflect the risks of these failed investment securities.
The working group recommends that Congress create a blue ribbon panel with representatives of Treasury, SEC, and the Federal Reserve Board to make recommendations to Congress for reforms of the financial sector by January 1, 2009
September 26, 2008
The Honorable Nancy Pelosi
Speaker of the House
H-232, U.S. Capitol
Washington, D.C. 20515
Madame Speaker:
As our discussion ended last night, we agreed to continue talking about how to best solve this economic crisis. Like you, House Republicans and I believe we must address this crisis quickly and in a way that protects the interests of families, seniors, small businesses, and all taxpayers. As you know, this process is not about faceless executives on Wall Street, but about keeping families in their homes, safeguarding their retirement security, college savings, and bank accounts, and protecting their jobs.
Over the last week, we have frequently discussed Secretary Paulson's proposal, and I have repeatedly expressed the need for improvements on behalf of myself and my Republican colleagues. Our staffs have also been in regular contact. To that end, Financial Services Committee Ranking Member Spencer Bachus (R-AL) was tasked by House Republicans to engage in discussions with Chairman Barney Frank (D-MA) and Chairman Chris Dodd (D-CT) and report back to our Conference on the progress of those negotiations before a final deal could be made. Yet Chairman Frank and Chairman Dodd, on several occasions over the last several days, announced that a bipartisan deal was at hand even though the reservations about the underlying proposal I had expressed to you had not been addressed. Each time such announcements were made, or even rumored, I or my staff made it clear to media and to your staff that any such deal did not include House Republicans.
As we demonstrated at the beginning of this year when we crafted a timely agreement on the economic stimulus package, a bipartisan response to our nation's priorities is never out of reach. And I believe the same holds true at this hour. House Republicans are prepared to stay in Washington to forge an agreement on a proposal that reflects the core free-market, pro-taxpayer principles of our Party.
With that in mind, earlier this week, with your knowledge, I directed our Chief Deputy Whip Eric Cantor (R-VA) to lead a working group of House Republicans to develop a package of ideas to move this process forward. His working group represented a broad cross-section of House Republicans – including both moderate and conservative members – and their goal was to develop ideas worthy of support on both sides of the aisle. We have discussed some of these ideas, and I would like to reiterate that I believe they should be given the consideration they deserve as our economic rescue discussions continue. A brief overview of the working group's blueprint is included with this letter.
Madam Speaker, we owe it to all those with a stake in this process to continue our discussions until we arrive at an agreement that is acceptable on both sides of the aisle – and more importantly, one that serves the interests of American taxpayers. That is why I ask you and your Democratic colleagues to give the House Republican working group's proposals serious consideration as this process moves forward. If such consideration is not given, a large majority of Republicans cannot – and will not – support Sec. Paulson's plan. In the interest of the men and women we represent in Congress, I hope it does not come to that conclusion. I look forward to your timely response and to continuing our work together on an economic rescue package worthy of all of our support.
Sincerely,
John Boehner
Republican Leader
HOUSE REPUBLICAN WORKING GROUP – ECONOMIC RESCUE PRINCIPLES
I. Wall Street – Not Taxpayers – Should Fund the Recovery
The most troubling part of Sec. Paulson's plan is that it relies wholly on taxpayer funds. House Republicans believe that rather than providing taxpayer funded purchases of frozen mortgage assets to solve this problem, any rescue package should adopt a plan to insure mortgage backed securities (MBS) through payment of insurance premiums.
Currently, the federal government insures approximately half of all MBS and can insure the rest of those still outstanding. However, rather than taxpayers funding the insurance, the holders of these assets should pay for it. The working group's proposal would direct the Treasury Department to design a system to charge premiums to the holders of MBS to fully finance this insurance.
II. Private Capital – Not Tax Dollars – Should Be Injected Into Financial Markets
Instead of injecting taxpayer funds into the market to produce liquidity, private capital can be drawn into the market by removing burdensome regulatory and tax barriers that are currently blocking private capital formation. In short, too much private capital is sitting on the sidelines during this crisis, and it is well past time to unleash it.
Temporary tax relief provisions can help companies free up capital to maintain operations, create jobs, and lend to one another. In addition, the working group recommends a temporary suspension of dividend payments by financial institutions and other regulatory measures to address the problems surrounding private capital liquidity.
III. Immediate Transparency, Oversight, and Market Reform
Both Republicans and Democrats have made clear that they believe there is not a strong enough oversight component in Sec. Paulson's plan. The House Republican working group's proposal addresses this flaw. To begin, the plan would require participating firms to disclose to the Treasury Department the value of their mortgage assets on their books, the value of any private bids within the last year for such assets, and their last audit report. Additional safeguards include:
To limit federal exposure for high risk loans, the working group's recommendations mandate that Government Sponsored Entities no longer securitize any unsound mortgages.
The plan would call on the Securities Exchange Commission (SEC) to audit reports of failed companies to ensure that the financial standing of these troubled companies was accurately portrayed.
The blueprint would guarantee that Wall Street executives do not benefit from taxpayer funding.
The proposal would call on the SEC to review the performance of the credit rating agencies and their ability to accurately reflect the risks of these failed investment securities.
The working group recommends that Congress create a blue ribbon panel with representatives of Treasury, SEC, and the Federal Reserve Board to make recommendations to Congress for reforms of the financial sector by January 1, 2009
The Debate
Look, for what it's worth, I've said it in the past and I'll repeat it again. We have been delivered two Candidates that simply don't belong becoming President of the greatest Country in the World.
That being said, I was certainly impressed with Obama as I expected a far less confident Candidate who I thought would be lost without a teleprompter, I was wrong.
McCain said some stupid things tonight, (IMO) and drifted away from the question by talking about how he met with YOUNG Soldiers who said we must keep fighting and we must win. Come on now, we have a Presidential Candidate trying to sell us on a trillion dollar war based on how some 18 year old Soldiers feel?
What bothered me the most was how they quickly drifted away from the most serious and critical issue facing us today and that's the $700 Billion Bailout. Yes, there are more debates to come and I'm confident GA Harrison will offer a more detailed Post about this Debate but putting it "simply" I believe America is screwed with these two Candidates.
In closing, Blah, Blah, Blah! I want a Presidential Candidate that will make me rise to my feet and say, YES, This Is America! That just didn't happen and I/We deserve better.
That being said, I was certainly impressed with Obama as I expected a far less confident Candidate who I thought would be lost without a teleprompter, I was wrong.
McCain said some stupid things tonight, (IMO) and drifted away from the question by talking about how he met with YOUNG Soldiers who said we must keep fighting and we must win. Come on now, we have a Presidential Candidate trying to sell us on a trillion dollar war based on how some 18 year old Soldiers feel?
What bothered me the most was how they quickly drifted away from the most serious and critical issue facing us today and that's the $700 Billion Bailout. Yes, there are more debates to come and I'm confident GA Harrison will offer a more detailed Post about this Debate but putting it "simply" I believe America is screwed with these two Candidates.
In closing, Blah, Blah, Blah! I want a Presidential Candidate that will make me rise to my feet and say, YES, This Is America! That just didn't happen and I/We deserve better.
"FIRE DEPARTMENT PURCHASES ELIPTICALS, TREADMILLS . . . $50,000 WORTH"
If you've been following the posts of the past few days, weeks, months, years you know the city of Salisbury is in desparate need of additional police officers. Unfortunately, the mayor and the council majority state we can not afford to hire additional police officers and they can't be bothered with finding a way to fund them. Why on earth would we want to spend money on public safety, in the land of Barrie, the 10th most dangerous city in America, when we can spend $50,007.00 on gym equipment for the firemen at the $10,000,000.00 Taj Mahal on Cypress St? Thats right folks, you read the numbers correctly. The city, Barrie Tilghman specifically, has okayed an invoice to be paid in the amount of $50,007.00 for GYM EQUIPMENT. I find this deplorable, detestable, dispicable and many other ables. While I don't use the same pencil sharpener they use over at the GOB, I've got to ask WHY is the city paying lease payments for furniture, just everyday furniture, mind you. Couches, chairs, desks, etc are all being leased but we are paying CASH for gym equipment? What the hell are those people on over there? Someone needs to do some drug testing quickly.
Read it and weep. Click on pictures to enlarge.
Read it and weep. Click on pictures to enlarge.
