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M.T.A. Proposes Severe Service Cuts; 2 Subway Lines May Be Eliminated - City Room Blog - NYTimes.comLonger waits on subway platforms. More crowded buses and trains. No more discounts for New York City students. One way or another, nearly every bus, subway and commuter train rider will be affected by the newly austere budget released on Monday by the beleaguered Metropolitan Transportation ...
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14 hours ago
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Naked access now 38 percent of U.S. trading: report | ReutersA report says that 38 percent of all U.S. stock trading is now done by firms that have "naked sponsored access" to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown. Naked access gives trading firms, using brokers' licenses, ...
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16 hours ago
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Mike Papantonio: GOP Purity Test Echoes Berlin in 1933The last time we saw a political party demand ideological purity was Berlin 1933. It did not end well. One GOP candidate who obviously felt foolish endorsing this new political purity was Dede Scozzafava. She was the Republican that tea partiers forced out of the race in the 23rd Congressional ...
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19 hours ago
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100-year-old child molester to be freed - Crime & courts- msnbc.comBUFFALO, New York - Everything that pedophile Theodore Sypnier has to show for his 100 years on Earth is packed in a single duffel bag as he prepares to begin a new chapter in life: freedom. It's a chapter that prosecutors, judges and others who know him never wanted — or expected — to see written. ...
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4 days ago
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Boing BoingAirmile hackers figured out that they could buy dollar coins (free shipping!) from the US Mint, using credit cards that gave them airmiles for purchases. Then they took the dollar coins straight to the bank and deposited them, paying off the credit card bills before any interest was incurred. ...
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5 days ago
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Fed Needs To 'Start Giving A Red Hot Damn About The American Public,' Says Sen. WhitehouseTwo days before Ben Bernanke's confirmation hearing, most Democrats on the Senate Banking Committee are withholding judgment, waiting to hear directly from the chairman of the Federal Reserve. Given the depth of the ongoing economic crisis, the hearing promises to be a lively one, as senators ...
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13 days ago
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Equity swap allows AIG to cut $25 billion in Fed debt - Yahoo! NewsBailed-out US insurance giant AIG said Tuesday it had agreed to provide an equity stake in two subsidiaries to the Federal Reserve in a move to cut its debt to the central bank by 25 billion dollars. American International Group said it had transferred ownership to the Federal Reserve Bank of ...
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13 days ago
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GOP establishment scorns purity test - Yahoo! NewsEstablishment Republicans are recoiling at a draft proposal before the Republican National Committee that would bar party financial support for candidates who fail to meet eight of 10 issue tests. The resolution, the latest skirmish in the GOP’s ongoing internal ideological battle, would ...
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13 days ago
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No Recession Special On The D.C. Power Lunch MenuThere's no recession special on the menu at D.C.'s hottest power lunch spots. At a time of double-digit unemployment, when one in eight Americans is on food stamps, the bistros and steakhouses that serve the Capitol crowd seem to to be doing fine -- with no reduction in business and no fewer ...
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2 weeks ago
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Leo W. Gerard: Gone with the Wind: Blowing U.S. Tax Dollars Off ShoreIt turns out a Texas windmill farm developer's request last month for nearly half a billion dollars in stimulus funds to create 2,000 jobs in China doesn't rank first on the audacity scale. Shockingly for American taxpayers, and sadly for the staggering 10.2 percent of Americans who are ...
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2 weeks ago