DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Attention
Tuesday, August 16, 2011
Breastfeeding Delta Passenger: Flight Attendant Publicly Humiliated Me
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Target Fires Employee Who Attempted To Unionize NY Store
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23 More Newspapers Hoist Up Paywalls
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Waitress Gets Revenge On Tough Customers By Skimming Their Credit Cards
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Judge Tells Madoff Investors They Won't Get All Their Fake Money Back
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THIS IS WHY WE LOVE SENIORS
A Comment Worthy Of A Post
On 8/5/2011 I received official notice that as of 10/15/2011 I would no longer have obstetric call coverage at Peninsula Regional Medical Center. According to the medical staff by-laws I must have obstetric call coverage to practice obstetrics at PRMC. On 8/15/2011 I provided written notice to the president of the medical staff at PRMC that I will have no obstetric call coverage after 10/15/2011, and thus will be unable to practice obstetrics at PRMC after 10/15/2011. PRMC has been working with me to find alternative call coverage until 12/31/2011. My office is beginning the process of notifying my patients that unless things change, I will be unable to practice obstetrics at PRMC after 10/15/2011. I will continue to practice gynecology at PRMC with appropriate gynecologic only call coverage.
Elizabeth Pernal MD.
The Fix Is In
Moving past the previously uncertain pronouncements that they would "keep interest rates low for an extended period," the Fed now tells us that rates will not budge from rock bottom for at least two years. Although the markets rallied on the news (at least for a few minutes), in reality the policy will inflict untold harm on the U.S. economy. The move was so dangerous and misguided that three members of the Fed's Open Market Committee actually voted against it. This level of dissent within the Fed hasn't been seen for years.
Many economists have shortsightedly concluded that ultra-low interest rates are a sure fire way to spur economic growth. The easier and cheaper it is to borrow, they argue, the more likely business and consumers are to spend. And because spending spurs growth, in their calculation, low rates are always good. But, as is typical, they have it backwards.
I believe that ultra-low interest rates are among the biggest impediments currently preventing genuine economic growth in the US economy. By committing to keep them near zero for the next two years, the Fed has actually lengthened the time Americans will now have to wait before a real recovery begins. Low rates are the root cause of the misallocation of resources that define the modern American economy. As a direct result, Americans borrow, consume, and speculate too much, while we save, produce, and invest too little.
It may come as a shock to some but just like everything else in a free market, interest rate levels are best determined by the freely interacting forces of supply and demand. In the case of interest rates, the determinative factors should be the supply of savings available to lend and the demand for money by people and businesses who want to borrow. Many of the beneficial elements of market determined rates are explained in my book How an Economy Grows and Why it Crashes. Allowing the government to determine interest rates as a matter of policy creates a number of distortions.
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Jon Stewart On The Ron "13th Floor In A Hotel" Paul Media Blackout
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US Resumes Importing Inflation, Exporting Deflation, As Annual Import Prices Increase Highest Since August 2008
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Hooked On Debt
The United States, once powerhouse to the world, is hooked on debt. America has become so addicted that regular hits are necessary to keep the economy sputtering along.
Last week’s vow by the Federal Reserve to keep interest rates at close to zero for two more years was a trumpet call to Americans to borrow yet more money. Bankers must have been cock-a-hoop.
A man I once knew was extolling the wonders of cocaine.
"You wake up in the morning with a horrible hangover and feel like death. Then, you do a big line and, presto, you feel like a new man."
He went on. "Problem is, after about 20 minutes, the new man needs another big line." In drug parlance, it’s called chasing the dragon.
The US has been chasing the dragon for a decade.
The crash of 2008 was caused by runaway debt. Washington’s remedy: more debt poison.
To me, as a journalist, author, veteran investor and businessman, debt is poison. A poison that has made our entire economic system gravely ill. Americans and many Europeans have become totally addicted to debt and can’t seem to do without it.
Consider: when Alan Greenspan took over as chairman of the US Federal Reserve central bank in 1987, according to the book "Bad Money" by the brilliant Republican political analyst Kevin Phillips, US public and private debt totaled $10.5 trillion.
Phillips, by the way, was the political thinker who planned and executed Ronald Reagan’s strategy to win the presidency by getting blue collar Democrats to move over to the Republican Party.
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Ron Paul And Liberty
Silly me. That shows how much I know. Instead, the talking heads are now tooting this line: "The three front runners are Mitt Romney, Rick Perry and Michele Bachmann." In their view, these are the major candidates, and all the others are also-rans. Why Mitt Romney? Well, he looks presidential, and he has a good chance with the tea partiers despite his Romney-car health policy in Massachusetts, oh so similar to Obama-care. Why Rick Perry? Well, he’s the governor of Texas, the second biggest state, isn’t he? And this despite the fact that he has not yet won anything in the presidential sweepstakes. Why Michele Bachmann? This is because, of course, she just won the Ames Iowa poll. Notice any name missing from all of this? I’ll give you a hint: this is the guy who came in SECOND, 1% behind "major candidate" Bachmann in this recent election. There used to be among the beltway "Austro-libertarians" a campaign to promote and study Austrian economics without "You Know Who" (Ludwig von Mises, of course). There is now a campaign amongst the major media to analyze the Republican presidential process without uttering the name of "You Know Who" (Ron Paul, of course).
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S&P States The Obvious
Nonetheless, the administration nitpicked over a $2 trillion "mistake." S&P rejoined with the fact that $2 trillion here or there hardly makes a difference in the time frame under discussion. That, if nothing else, should tell you the magnitude of the problem. $2 trillion has become a drop in the bucket.
S&P cited Congress's inability to act like grownups and make necessary, meaningful cuts, which is true. I must take issue, however, with their suggestion that tax increases are part of the answer. Taking capital out of the private sector, where it can create real value in the form of new jobs and products, and instead giving it to Washington to waste and squander is not the solution. Tax increases may seem penny-wise to some, but in reality they would be very pound-foolish. The government currently takes in $2.2 trillion in taxes per year, which is far too much already. It spends $3.7 trillion, which is ridiculous and criminal. The problem is runaway government spending, not the American people having too much money.
And yet we can't even have a serious discussion about bringing our troops home and ending our expensive occupations around the world – things the president used to claim to favor!
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WICOMICO COUNTY LIFTS BURN BAN
Starbucks CEO to DC: You've Been Cut Off
NEW YORK (CNNMoney) -- Starbucks CEO Howard Schultz is fed up with Washington.
And he is doing something about it.Target Of Facebook Hit Fatally Shot
PHILADELPHIA – A Philadelphia man was gunned down hours after a judge upheld felony charges against his ex-girlfriend, who was accused of offering $1,000 on Facebook for someone to kill him. But with the teenager who allegedly took the bait already in custody, investigators said Tuesday they aren't sure why the man was killed.
Corey White, 22, was shot once in the chest Monday night on a West Philadelphia street, authorities said.
Homicide investigators said White got into an argument with the occupants of a brown car and a man got out of the vehicle and shot him.
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Husband Of 'Real Housewives Of Beverly Hills' Star Found Dead Of Apparent Suicide, Report Says
Los Angeles – Russell Armstrong, the estranged husband of "The Real Housewives of Beverly Hills" star Taylor Armstrong, has committed suicide, Radar Online reported Tuesday.
"He hung himself with no suicide note found," Ed Winter of the Los Angeles Coroner's Office told Radar Online.
Are Police Officers And Firefighters Next?
You mark my words Folks, if they get even an inch with such tactics, Police Officers and Firefighters WILL be next. Even the THOUGHT of such unbelievable creativity.
The proposal being discussed is doing away with early retirement AFTER 20 years of service for our military personnel. Remember, these are the men and women who risk their lives to defend our country.
That being said, IF Congress wants to even consider such a proposal, well, I say, put your ba((s on the line as well and practice what you preach. Make the SAME proposal to politicians starting with Congress, Senators, Delegates and the whole nine yards because let me assure you, it will trickle down to local levels of law enforcement, then teachers, you name it.
I want you to think hard about what I'm about to say. It is our POLITICIANS who got us into this financial mess and I'll be damned if I'm going to sit idle while they take away from the very core of our being in these United States and reduce ANY benefits to cover their ASSES.
As Aretha Franklin put it best, "YOU BETTER THINK"!
Driver Caught Using Two Cell Phones Banned in U.K.
NORWICH, England -- Safety campaigners criticized a "woefully inadequate" 12-month driving ban given Monday to a man caught using two cell phones as he drove along a main road in the UK.
Police spotted David Secker, 34, holding one handset to his right ear as he appeared to use a second telephone in his left hand to send a text message while driving in Blofield in Norfolk, east England.
Rt. 90 Heading Into OC Closed From Bishopville
Earl & Leroy
A couple of weeks later, the farmer ran into Earl and Leroy at the Piggly Wiggly grocery store and asked "What'd you fellers ever do with that dead mule?"
They said,"We raffled him off like we said we wuz gonna do."
Leroy said,"Shucks, we sold 500 tickets fer two dollars apiece and made a profit of $898."
The farmer said,"Gol dern, didn't anyone complain?"
Earl said, "Well,the feller who won got upset. So we gave him his two dollars back."
Homeless High Risk Tier III Sex Offender Notification
A PRMC Letter To The Editor
Breaking News- Wicomico County Council Denies Rick Pollitt's New Jobs
Christine O'Donnell: Witch Ad Was A Mistake
(CNN) – Former Delaware Senate candidate Christine O'Donnell is not a witch and hated the commercial that stated that fact.
Promoting her new book, Troublemaker, on "Good Morning America" Tuesday, the tea party poster-candidate admitted that the infamous spot which attempted to distance her from past comments that she'd "dabbled into witchcraft" wasn't the best choice.
"I did hate it," she said.
Widely addressed in the book, O'Donnell noted that she also acknowledged the ad was a mistake on the campaign trail.
Study: An Hour Of TV Can Shorten Your Life By 22 Minutes
The academics checked their data against an estimate from 2008 that Australians aged 25 or above watched TV for 9.8 billion hours. This was associated with the loss of 286,000 years of life, the AFP said.
BREAKING NEWS: Dell Posts Mixed 2Q Results, Shares Pull Back
From Fox News
ACLU Lawsuit Moves to Keep Sex Offenders In House Near New Day Care Center
The Delaware American Civil Liberties Union has filed court papers to stop sex offenders from being evicted from a safe house that is located near a new day care center.
The ACLU, along with an attorney representing the safe house and three sex offenders, has asked a judge to issue a temporary restraining order to prevent the city from evicting the residents.
200+ Felons Turn Themselves In
WASHINGTON (AP) - More than 200 people wanted for nonviolent felonies in the District of Columbia turned themselves in as part of a program aimed at resolving outstanding arrest warrants.
Saturday was the first day of the so-called "D.C. Safe Surrender" program. The program allows people wanted on a bench warrant, a probation or parole violation or a traffic offense to turn themselves in and avoid arrest.
Baltimore Raises Speed Limit To 180 mph Labor Day Weekend
WASHINGTON -- Ever wonder what it's like to cruise through downtown Baltimore at 180 mph? Anyone staying in the area over Labor Day weekend can find out.
Charm City will host the first "Baltimore Grand Prix" in 17 days, shutting off 2 miles worth of Inner Harbor streets to make way for a weekend festival of racing. Attendees will be able to see world-class Indy and Le Mans competitions that will be broadcast around the world.
Drink Up: It's 'Beer Week' In Washington
WASHINGTON - Washingtonians who leave the area in August are really missing out.
That's because along with restaurant week, the city is amidst its third beer week.
"Everything from learning how to brew beer to learning how to pair beer," says Teddy Folkman, co-founder and chairman of D.C. Beer Week, of the eclectic specials.
Last year's beer week included about 60 events. This year, Folkman says there are more than 170 offerings around town.
Breaking News: A Letter To The Editor
It’s unbelievable – during the Council’s discussion of the Charter review process today, Ms. Hughes proposed considering whether there should be a minimum educational requirement to be on the Council, such as completing high school. Such a requirement would discriminate against other members her race to a much greater degree than members of the Caucasian race, to say the least.
Besides that racial discrimination aspect, there is a real question whether such a requirement would be constitutional, any more so than an educational requirement to vote.
Aruba Judge Grants DNA Request, Orders Md. Man Held
WASHINGTON - A magistrate in Aruba has ordered a Gaithersburg, Md. man to remain behind bars at least 16 more days in what prosecutors say is "the suspicious death" of his traveling companion, who disappeared during the pair's trip to the Caribbean island.
Aruban Solicitor General Taco Stein tells WTOP prosecutors have not charged Gary V. Giordano in connection with the apparent death of 35-year-old Robyn Gardner of Frederick, Md. Giordano has said Gardner did not return to shore with him when the pair went snorkeling on Aug. 2.
Play-Fight Led To Man's Stabbing
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Perry Comments, Record Face New Scrutiny After Campaign Announcement
Texas Gov. Rick Perry is quickly learning what it means to be a presidential candidate, as the off-color comments for which he is renowned attract instant scrutiny on the campaign trail.
Exhibit A. On the same day he filed his candidacy papers, Perry was captured on camera suggesting Texans might want to rough up Federal Reserve Chairman Ben Bernanke if he tries to tackle the economic slump by printing more money.
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Milton Considers Tax Increase
MILTON — The Milton Town Council is considering a significant increase in property taxes and imposing a gross rental-receipts tax to cover a $320,000 deficit in the fiscal year 2012 budget.
Council discussed taxes at the Aug. 11 budget workshop session. Following a public hearing Aug. 16, council could vote on each tax individually at the Aug. 18 council meeting.
Obama Takes Heat From Tea Partiers At Iowa Town Hall
President Obama got a little dose of Tea Party town hall anger on Monday during his three-day tour of the Midwest.
At a town hall event in Decorah, Iowa, local Tea Party activist Ryan Rhodes stood up and shouted a question at the president regarding reports that Vice President Joe Biden had called the members of the Tea Party "terrorists," USA Today reports. Rhodes questioned how the president can talk about civility when Biden was accused of using that kind of rhetoric.
QUOTES OF THE DAY 8-16-11
— Ron Paul (Liberty Defined: The 50 Urgent Issues That Affect Our Freedom)
“And yet even among the friends of liberty, many people are deceived into believing that government can make them safe from all harm, provide fairly distributed economic security, and improve individual moral behavior. If the government is granted a monopoly on the use of force to achieve these goals, history shows that power is always abused. Every single time.”
— Ron Paul (Liberty Defined: The 50 Urgent Issues That Affect Our Freedom)
“A citizen walking through the airport today is bombarded with 1984-style propaganda messages that are designed to make us fear some amorphous threat and also be suspicious of others. The government designs these messages to make us feel dependent and heavily lorded over in every aspect of our lives. These messages are becoming ever more pervasive, hitting us even in grocery stores when we are shopping.”
— Ron Paul (Liberty Defined: The 50 Urgent Issues That Affect Our Freedom)
U.S. Secret Service Gets 2 New Buses Ahead Of Obama Tour
The U.S. Secret Service has two new buses in its fleet for President Obama to use on his three-day, three-state Midwestern bus trip that kicked off Monday.
CBS News has learned the buses were purchased in recent months at a cost of just under $1.1-million each and will serve as part of the fleet of vehicles the Service uses for all of its protectees.
In the past, the Secret Service would lease buses as needed and outfit them with the security and communications equipment.
"We have not been satisfied with the level of protection offered by leased buses," said a Secret Service official.
In A CNN Interview, Ron Paul Discusses The Media's Blackout Of His Presidential Candidacy, And Many Other Things
Source
Possible Flash Mob Hits Maryland 7-Eleven, Police Say Read more: http://www.foxnews.com/us/2011/08/15/possible-flash-mob-hits-maryland-7-eleven-polic
A pack of 30 teens helped themselves to items in a Maryland 7-Eleven early Sunday morning in what authorities have labeled another instance of a possible flash mob.
Mileage Tax Proposal?
European Economy Hits A Wall
NEW YORK (CNNMoney) -- Europe, already strained by a deep debt crisis and spiraling financial markets, has succumbed to the global economic malaise.
Gross domestic product for the 27 nations that are part of the European Union, including the 17 countries that use the euro as their currency, grew at a combined quarterly rate of 0.2%, according to preliminary estimates released Tuesday from Eurostat, the EU statistics office.
Credit Card Late Payments Hit 17-Year Low
(AP)
NEW YORK - Credit card users are so focused on keeping their accounts in good standing that they've driven the rate of late payments down to its lowest level in 17 years.
The national credit card delinquency rate, or rate of payments 90 days or more past due, fell to 0.60 percent in the second quarter, down from 0.92 percent a year ago. That's the lowest rate since 1994, according to credit reporting agency TransUnion.
Obama Wants Your Mortgage
Buying Is Cheaper Than Renting In Most U.S. Cities
NEW YORK (CNNMoney) -- Home prices have taken such a beating and demand for rental units has increased so much that it's now cheaper to buy a two-bedroom home than to rent one in most major U.S. cities.
According to real estate web site Trulia, buying was cheaper than renting in 74% of the country's 50 largest cities in July. In just 12% of the cities, including New York, Seattle and San Francisco, renting was cheaper. In the remaining 14% of cities, renting was less expensive but close to the cost of buying.