Financial News Update – 01/01/2010

Is The Government Misrepresenting Unemployment By 32%

Shiller: Sell Shares in the U.S., Not Just Its Debt

IMF: Riskiest Mortgage Lenders Biggest Lobbyists

Case: Housing Prices Poised to Fall 15 Percent

Milton Friedman on School Choice

One Billion Dollars is . . .

Morning Bell: Happy Tax Year!

Dow Ends Year Up Nearly 19%

20 million-plus collect unemployment checks in ’09

Taxpayers to Lose $400 Billion on FANNIE, FREDDIE

Washington slaps fee on plastic shopping bags

Prisoners used to shovel snow-bound US capital Instead of paying people who are unemployed, the White House is paying criminals to do the work. Welcome to social justice…

Last Year for Estate Tax Break; Cheaper to Die in 2010

Oil up near $80

Saudi, Norway gov’ts give millions to Bill Clinton

Mayo Clinic Drops Medicare Patients in Arizona as Obama Model Bemoans Cost

Labor Secretary to Crack Down on Business Violations

Russia Doubles Cost of Vodka to Combat Alcoholism

U.K. Drinking Culture Costs Health Care $4B a Year Gearing up for prohibition again…


Bankers Get $4 Trillion Gift From Barney Frank

A turbulent year in the currency markets is coming.

Banks Risk Storms in Safe Havens

California gears up to charge “Use Tax” on items purchased out of state

Stocks Edge Higher as Jobless Claims Fall

Fannie, Freddie Proving Too Big to Shrink

North Korea Bans Foreign Currencies in Market Clampdown

$36 Charge for Not Using Your Credit Card

Goldman Sachs Denies Betting Against Clients on CDOs

US Studies Banks’ Handling of Toxic Assets

Pension Fund Sues Morgan Stanley Claiming Bank Knew Investments Were Bad

Move Your Money.

Government moves closer on fresh aid to GMAC

Economists React: Prices Have Further to Fall

State, Local Tax Revenues Decline 7%

Government Gives GMAC $3.8 Billion in New Aid, Boosts Stake

Chinese Firm Says it Won’t Pay Goldman on Derivatives Losses

Banks Bundled Bad Debt, Bet Against It, and Won

World Stock Market Rally Seizes Up

Consumer Confidence Up, House Prices Stall

The Day The Dollar Died (Part 10): The Dented Crown and Worthless Pound

Gold Rush Grips China as People on Buying Spree

Zero Corner, Debt Costs and Isolation

29 Foreigners Send a Message: Your Debt Instruments Suck!


House cleaning is needed

By: Carolyn Cooke

Special to The Press

The Idaho State House of Representatives is in serious need of a major ‘house cleaning.’ To begin with, two north Idaho Representatives should be swept out of office.

Rep. Bob Nonini, R-Coeur d’Alene, and Rep. Jim Clark, R-Hayden, have a lot of explaining to do to their constituents because of their support for Idaho State Rep. Raul Labrador, R-Eagle, in the Republican primary to unseat United States Congressman Walt Minnick.

Both call him a “conservative.”

Rep. Labrador rails against tax increases on the steps of the Idaho State Capitol at the same time he speaks out against Sen. Michael Jorgenson’s bill that would force employers to comply with federal immigration law. Idaho taxpayers are paying more than $200 million dollars per year to support illegal immigrants – more than the current Idaho state deficit!

Labrador is an immigration attorney who has admittedly defended illegal aliens in newspaper interviews and on talk radio with Nate Shelman on KBOI.

Immigration attorney Labrador fought to keep an illegal alien smuggler and perpetrator of document fraud from being deported from the United States. The defendant in the case, Xavier Sotelo, was wanted for murder in Mexico.

Labrador is calling for ‘guest worker programs for foreign nationals’ in the worst recession since the Great Depression. Idaho families are out of work and suffering! There are no jobs Americans will not do for living wages – this, according to the U.S. Department of Labor statistics.

Labrador has been on retainer for the Idaho Dairymen’s Association (IDA) to help with ‘migrant labor’ issues, while at the same time serving as an elected member of the Idaho State House of Representatives. The Idaho Dairymen’s Association is an organization that has joined with national groups, such as ImmigrationWorks USA, to promote amnesty for illegal immigrants via Comprehensive Immigration Reform, twice defeated by the American people.

The CEO of ImmigrationWorks USA has stated that the ultimate goal of her organization is achieving a free flow of labor across America’s borders and thus an end to American sovereignty. The IDA also belongs to the Agriculture Coalition for Immigration Reform (ACIR), a group that lobbies the United States Congress for former Sen. Larry Craig’s AgJobs amnesty.

Labrador spoke out in favor of the Dream Act amnesty in a panel discussion before the City Club of Boise as well as for former Sen. Craig’s guest worker program or AgJobs amnesty. The Dream Act is taxpayer funded instate tuition for illegal immigrants with a path to citizenship. Instate tuition is denied to American students and families living in other states. The Dream Act is an amnesty with a huge magnet for further illegal immigration to the United States.

Labrador voted against Idaho State Sen. McGee’s 2007 Senate bill which required verification of legal status to receive public benefits except in emergencies.

How do you think Labrador will vote when amnesties for illegal immigrants once again rear their ugly heads in the Congress of the United States if he is elected?

If former Sen. Craig were to pick a candidate to replace him in Washington, D.C., Labrador would be his choice.

Because of their support for the radical pro-amnesty candidacy of Labrador, the positions of both Reps. Clark and Nonini must be called into question by those who elected them to office.

It is a new day in America and Idaho patriots have no patience with those who seek to undermine the United States Constitution and American sovereignty by supporting the views of candidate Labrador.

Carolyn Cooke is a resident of Coeur d’Alene, ID and an author at NoisyRoom.net and Family Security Matters.


Links to Visit – 01/01/10

Fox News – 13 Republican Attorneys General Threaten Lawsuit Over Health Care

The Anchoress – 2010 Predictions? – UPDATED

Bob McCarty Writes – Iranian Doctor: ‘There are people drowning in Iran’

Andy McCarthy – It’s Not Yet Friday, But It Is New Year’s Eve — What Better Time to Release an Iran-Backed Terror Master Who Murdered American Troops?

NRA-ILA – FBI Reports Huge Decrease In Murders As Firearm, Ammunition And “Large” Magazine Sales Soar

Bob McCarty Writes – Top BMW Stories the Mainstream Media Missed

Pierre Legrand – Is The Government Misrepresenting Unemployment By 32%?

The New Editor – The American Left, the Politicians that Lead Them, and the Media that Informs Them

The New Editor – Could Hole in the Moon Serve as Shelter for Colonists?

Atlas Shrugs – Houston: Rocket launcher, jihadist writings found in apartment — no charges filed

Atlas Shrugs – Obama Goes After Bloggers in Wake of Jihadi Terror Attack

Atlas Shrugs – Incendiary Device Found In Philly Parking Garage Along with Anti-Israel, Pro-Palestinian Books, Arabic Dictionary

Mudville Gazette – Home Grown (Part Two)

The Seattle Times – Obama signs $636.3 billion defense-spending bill

Mudville Gazette – From the Department of WTF

The Radio Patriot – “Declassify The al Qaeda Docs If You Have To” – White House

The Radio Patriot – What do Queens Hospital and Limbaugh NOT have in common?

The Radio Patriot – Don Surber Announces the “MAN OF THE YEAR”!

Gateway Pundit – Scott Brown’s Campaign Picks Up Steam- GOP Candidate Sees Explosion in Online Donations

Gateway Pundit – Afghan CIA Bomber Was Courted as Possible Informant

Gateway Pundit – Rocket Launcher & Jihadist Writings Found in Houston Apartment …Update: Explosives & Koran Found in North Texas

Gateway Pundit – National Conservative Symposium & Tea Party Convention Jan 22nd – 24th

Big Government – Obama Gives Big Labor Another Gift in Final Days of 2009

Big Government – Its a Wrap: The Most Underreported Stories of 2009

Big Government – Obama Funder Jodie Evans Provokes Crisis in Egypt Over ‘Hamas-Aid’ Event, Obama Pals Ayers and Dohrn in Cairo with Code Pink

Michelle Malkin – Underreported stories of 2009

Michelle Malkin – Best (er, worst) of 2009: Obama cult education video of the year