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Versailles' budget policy

b. commenting at Ian Welsh:

We let them die over here so that we can kill them over there.
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The significance of insider stock trades


The reformed stock broker takes a very different view of insider stock selling from your humble servant.

Please don't make your investment decisions based on blogs. Read more about The significance of insider stock trades

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Class warfare for real


Foxconn confirms guards beat up workers

A manager of Foxconn Technology Group's Beijing factory confirmed that company security guards did beat employees in an incident last August.

A video of the incident, which first appeared on the Internet in August, has been gaining popularity following a string of employee suicides. More than 20 guards are shown beating two employees.

anyone have a link to that video? Read more about Class warfare for real

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Prison labor, Indian prison labor, because American prison labor is too expensive


Prison Labor: Outsourcing's "Best Kept Secret"

When word spread earlier this month that an Indian IT services company planned to set up a 200-person business process outsourcing unit in an Andhra Pradesh jail , it wasn't long before the snark began flying. Are captive centers on the rebound? Imagine the low attrition rates! Inmates working for banks—what could possibly go wrong?

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Rotten Apple


iPhone maker Foxconn hit by 10th jumping death

In a report to clients, Bank of America/Merrill Lynch said that while the incidents would affect Hon Hai's image, they are unlikely to cause a significant impact on earnings, a view echoed by UBS, which noted that Hon Hai remains a "top-notch supplier".

Foxconn Asks Employees to Sign Promise Not to Commit Suicide or Sue The Company If They Do Read more about Rotten Apple

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Clinton as the next Secretary of Defense

The latest rumor in Versailles is that Clinton might be moved to Defense. Dunno if it is true, but it would signal that Obama is serious about dumping DADT. It also might mean that we will get serious about violence against women in the military.

Otherwise it would just be the same old imperial hubris. Read more about Clinton as the next Secretary of Defense

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Why is Henrico County pimping Michael Isikoff?

Why is the Henrico County Economic Development Commission hosting a book event for Michael Isikoff in Fairfax County? (a two hour drive from Henrico County even in good traffic)

Henrico County Virginia presents Newsweek's and MSNBC's Mike Isikoff

Hear him answer the question on the mind of every business person:
“Obama’s Record and the Election
Outlook for 2010: How Vulnerable
Are the Democrats?”
Join Michael Isikoff for an exclusive free-of-charge breakfast/conversation.

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My take on yesterday's primaries

It was a bad night for Versailles. All their candidates lost, although Blanche Lincoln could still win the run off. The signs have been there anytime since 2006, but this time it may have just gotten through.

On the other hand, just because it was a bad night for Versailles, it does not follow that it was a good night for progressives. As Susie makes clear, Sestak is no progressive. As for Halter, well I can't say that I am enthusiastic about someone who pays for state college scholarships with state sponsored gambling. Lotteries are an inherently parasitic funding device.

So Versailles is clearly down, but I am not sure that the people are ahead. Moreover the growing power of the brown shirts tea party is another indication of our disintegrating political culture. Read more about My take on yesterday's primaries

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Finally! We get some criminal investigations!

Conspiracy of Banks Rigging States Came With Crash

May 18 (Bloomberg) -- A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market.

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Preach it Brother Kohl!

Kohl To Debt Panel: Easy On Social Security

"Contrary to popular belief, the sky is absolutely not falling for Social Security," said Sen. Herb Kohl, D-Wis., chairman of the Senate Special Committee on Aging, in a statement today. "Social Security has never been responsible for one penny of the federal deficit." A report released today by the committee describing various options for reforming Social Security was sent to members of Obama's National Commission on Fiscal Responsibility and Reform.

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Why does NewsCorp have a broadcast license?


Once again Fox news is inciting hatred at a specific person. Why do we tolerate radio Radio Rwanda? [no-glossary]The 1934[/no-glossary] act that created the FCC specifically forbids hate speech directed against a specific person. Even if it is the cable property being used in this way, why do we permit corporations who use their cable properties in this way to also hold broadcast licenses? Read more about Why does NewsCorp have a broadcast license?

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Pennsylvania Democratic Primary

As my screen name suggests, I don't live in Pennsylvania, and would not presume to tell readers how to vote. But I thought I would share my view of it.

First of all, many thanks to all those volunteering for Hoeffel. Even if your candidate does not win, the structures and network you build now will serve you well in the future. That is what so many people fail to understand about long shot campaigns. Dean went down in flames, but the forces put in to play by the Dean campaign remain highly influential. Read more about Pennsylvania Democratic Primary

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David Fanning says that Frontline is hiring


According to Media Bistro, Frontline is hiring.

Ask Frontline to hire Robert Parry of Consortium News. It won't happen, but it is good to keep the pressure up and remind them what we want from reporters. Read more about David Fanning says that Frontline is hiring

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Fannie Mae wants another bail out

Fannie Seeks $8.4 Billion After First-Quarter Loss (Update2)

May 10 (Bloomberg) -- Fannie Mae, the mortgage-finance company operating under federal conservatorship, said it will seek $8.4 billion in aid from the U.S. Treasury Department after reporting an 11th-straight quarterly loss. ...

...Even with the assistance, Fannie Mae increased foreclosures to almost 62,000 homes from about 47,000 in the prior quarter, according to the filing. The company’s foreclosure rate increased and its inventory of homes grew from $8.5 billion to $11.4 billion during the first quarter.


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