01/2/11

Financial News Update – 01/02/11

Hat Tip: Jean Stoner

Niall Ferguson Video Lecture – “Empires On The Verge Of Chaos” (Hat Tip: Jean Stoner)

Healthcare repeal bill coming before Obama’s annual address (Hat Tip: Jean Stoner)

Shawn Perger on Crisis Cycle Investing, the Promise of Silver and the Internet’s New Narrative

HYPERINFLATION WILL DRIVE GOLD TO UNTHINKABLE HEIGHTS (Hat Tip: Jean Stoner)

Rattner to Pay $10 Million in Settlement With Cuomo (Hat Tip: Jean Stoner)

Former Obama ‘car czar’ settles suit with state of New York (Rattner’s $150 million kickback scheme) (Hat Tip: Jean Stoner)

50 million taxpayers must delay filing – IRS (Extension of Bush tax cuts came too late…) (Hat Tip: Jean Stoner)

Recession finds some college students homeless (Hat Tip: Jean Stoner)

Radical-In-Chief: Truth Finally Comes Out On Jeremiah Wright Connection (Hat Tip: Jean Stoner)

Premium power grab! Feds take control of insurance prices (Hat Tip: Jean Stoner)

Kiss your 100-watt lightbulb goodbye (Hat Tip: Jean Stoner)

Gerald Celente, 12.29.2010; The Fed’s $20 Trillion Bailout/Payoff (Hat Tip: Brian B.)

Illinois Review: New pension law could force municipalities to raise property taxes 60% (Hat Tip: Brian B.)

Useful Idiots and Fifth Columnists: The Media Role in the War Against the West (Hat Tip: Brian B.)

Australian towns evacuated as floods ‘of biblical proportions’… (Hat Tip: Jean Stoner)

A Czar is Born (Hat Tip: Jean Stoner)

The TSA’s state-mandated molestation (Hat Tip: Jean Stoner)

As Japan Abandons Emissions Caps, Obama Rushes Headlong Toward It (Hat Tip: Jean Stoner)

Coal’s burnout: Have investors moved on to cleaner energy sources? (Hat Tip: Jean Stoner)

Chinese Military Modernization: The Future Is Arriving Much Sooner Than Expected (Hat Tip: Jean Stoner)

Fascism Coming? Communist-Loving Congressman Doth Protest Too Much (Hat Tip: Jean Stoner)

With Air Force’s new drone, ‘we can see everything’ (Gorgon Stare) (Hat Tip: Jean Stoner)

Public Employee Unions Face Rising Public Anger (Hat Tip: Brian B.)

Interactive: The American Trade Engine (Hat Tip: Jean Stoner)

Give Me Inefficient Lighting or Give Me Death! (Hat Tip: Brian B.)

Is Upton Walking Back His Support for Light Bulb Ban? (Hat Tip: Brian B.)

Republican Who Co-Authored Light Bulb Law Wants Energy Chair (Hat Tip: Brian B.)

The Chilean Model (Hat Tip: Brian B.)

2012 Elections: Mike Pence Builds GOP Stature (Hat Tip: Brian B.)

Saffo Predicts `Decade of Turbulence’ for U.S. Economy

Goolsbee Says Failure to Raise U.S. Debt Ceiling Would Be `Catastrophic’

Rousseff Pledges to Guard Against Inflation `Plague’ as Brazil President – Spoken like a true Marxist…

Top House GOPer Predicts Bipartisan Effort to End Health Law

Lawmakers to Clash on Spending, Debt

GOP Congressman Targets EPA Rules

Foreign Worker ‘Export’ Rule Eased

More Than 1,000 Dead Birds Fall From Arkansas Sky

House Republicans plan assault on Obamacare

Piece by Piece

Issa: Obama ‘one of most corrupt presidents in modern times’

…vows to take on White House over spending

New Congress sets its eyes on oversight

Obama aide: Don’t ‘play chicken’ with debt ceiling

COMING SOON: THE INVESTIGATIONS

Iran ‘shoots down Western spy drones’ in Gulf

Beijing Residents Rush to Register New Cars to Meet China’s Quota System

ABCNEWS Staffer Warns GOP Against ObamaCare Repeal

HAPPY NEW YEAR! CALIFORNIA ENACTS 725 NEW LAWS

Rioting prisoners set fire to British jail

THE BIG STINK: Trash Piles Up Across NYC After Blizzard

Overall Movie Attendance Down Sharply in 2010

Ex-Treasury chief Paulson loses $1 million on DC home

WEB WAR: EXPEDIA Drops AMERICAN AIRLINES in Price Dispute

REP ISSA SAYS SESTAK OFFER WAS ‘OBAMA’S WATERGATE’ BUT WE WILL NOT INVESTIGATE – BUSH DID IT TOO. (Hat Tip: Jean Stoner)

More big paydays at Fannie, Freddie (Hat Tip: Jean Stoner)

DNC Chair Kaine Admits Obama Was Too Busy With Wars and ObamaCare to Care About American Jobs (Hat Tip: Jean Stoner)

Bolivians Protest Marxist Leader Morales – Torch Che Guevara Statue & Venezuelan Flag

Stalin Statue Decapitated Then Blown Up in Ukraine

Obama Starts Off 2011 With a Whopper: “I Am Committed to Creating Jobs” (Video)

Hyperinflation History: Visitors Snap Up 100 Trillion Zimbabwe Bank Notes

Hybrid Cars Get Handicap-Like Parking Privileges in Florida

Moscow Riot Police Arrest Dozens in New Year’s Anti-Government Protests

SurvivalBlog:

Ultimate Cost of 0% Money

U.S. foreclosures jumped in the third quarter; Newly initiated foreclosures up more than 30 percent

Venezuela Devaluing Currency to Revive Economy

Dude, Where’s My Job?

Gold Hits Three-Week High On Weak Dollar

Energy Stocks Rally to Fresh Two-Year Highs

US Dollar Seen Rising in 2011 After Rough 2010 (JWR is dubious and so am I…)

10% Brits Will Be Jobless in 2011

01/2/11

THE AMERICAN DREAM – Part 1

By: AJ

Karl Kani’s success story began in the projects of Brooklyn. With an idea, a strong work ethic and later some help from a local church, Karl Kani transformed his idea into a business that benefits many Americans. Karl took all the risks, persevered and built a company that he expects will triple in revenue.

Who benefits from Karl’s idea, hard work and risk-taking? Just think of all the people he employs… from sales people to managers, administrators to advertisers, accountants to lawyers… and everyone in between. He created a business which provides income for many Americans. All of them benefit from his ability to turn his idea into a reality.

Even though California’s tax rates are among the highest in the nation, Karl’s clothing line is produced entirely in California using Japanese denim. So even California’s government benefits from what Karl has created, not to mention the Federal government as well.

Our U.S. Constitution makes our Republic the freest country the world has ever known. The free market system that our Founding Fathers gave us is what makes this American Dream possible for Karl and all those who benefit from what Karl has created.

Success Story of Karl Kani – live life love denim

Video caption: “Karl Kani got his start in the Brooklyn projects, peddling logo-emblazoned tees and baggy linen suits sewn by his fathers tailor. In 1999, he developed a business plan with his accountants to start his own urban sportswear company, Karl Kani, which currently has revenues of $65 million worldwide. He left the urban market to start a contemporary denim line, LIVE LIFE LOVE DENIM. He connected with Fame Church in Los Angeles, which has an investment fund to help local businesses. With the church’s help, he raised enough money to develop the contemporary denim line. He embraces the challenge of following trends and takes care to not saturate the market so that his jeans are always in demand. His jeans are made from Japanese denim and are produced entirely in California so that he can control the product quality. His celebrity clientele includes Mischa Barton, Jessica Simpson and Ashlee Simpson. He hopes to triple his revenues as he distributes his denim line to major department stores.”