Tuesday, March 15, 2011

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Monday, March 14, 2011

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  • To fund a huge civil service, you need a huge tax base, but the crippling red tape and rules produced by this huge civil service of regulation-generators have driven employers and jobs overseas at a frenetic pace, stunting the growth of that critical tax base.
  • To finance a pension plan, you set aside money every year, and invest it in the stock market; but the recent assault on the private sector has robbed those Wall Street investments of their expected growth, even shrinking their value, requiring ever greater state contributions to meet their obligations.
  • To gain control of the healthcare industry and maintain their partnership with the trial lawyers, they passed ObamaCare, which has already caused massive increases in healthcare costs and has further damaged the economy... necessitating government's call to increase employee participation in the costs of these benefits at last.


Last week it was Bullard, Lacker and Kohn throwing the spin around and today it was Dudley with a notable assist from Buffett. And, since it was month-end, headline writers got the green close they wanted with the third month of gains.  Kohn’s comments last week were incoherent overall while Dudley’s TV appearance consisted of misleading BS with comments like, “The Fed is keeping its mandate” and, “It’s unwise to overreact to rising commodity prices.”



Overreact?  I don't see anyone reacting, other than speculators who are BUYBUYBUYing more and more commodities as the prices rise.  In fact, as of February 22nd, Hedge Funds had taken the largest speculative net long position on oil futures since June 2006, according to the Commodity Futures Trading Commission's weekly Commitments of Traders report.  "Money managers are looking and seeing the Middle East situation is far from resolved," said Carl Larry, president of Oil Outlooks & Opinions in Houston. "The upside is unlimited, depending on how bad things get."    


Of course I mean no one in THIS country is reacting.  In more thoughtful nations, people are rioting. Although, did you know there are more people protesting in Madison, Wisconsin this week than in Tripoli, Libya?  No, you wouldn't know that because that's not the way the Corporate Media in this country reports things, is it? To be fair, in Libya, the Government is threatening the protesters with guns while Governor Walker is only threatening to fire the protesters in Wisconsin.  Makes you kind of proud we live in a Democracy, doesn't it?  


Bad news that will be ignored this morning includes a 0.5% drop in ICSC Retail Store Sales (those pesky small businesses), who are losing consumer discretionary dollars to energy producing companies - like Koch Industries!  Chinese PMI fell again in February but still an expansionist 52.2 but a separate HSBC survey shows a more significant drop to 51.7, a 7 month low. I apologize for the link there to the Liberal rag-sheet NY Times but the WSJ apparently has no idea Chinese PMI went lower as their headline on the same subject is "Asian Factory Data Show Growth Intact."  I must say I am proud to live in a country where we are free to choose the facts we want to hear from such a wide variety of media outlets.  Imagine how dull it would be if there was just one truth and we all read the same thing...


Ben Bernanke addresses Congress today and tomorrow and those people will hear the same thing and draw completely different conclusions from it but we're playing the Dollar bullish as other countries are loosening their money to keep up with us and I do believe there will be enough anti-Fed noise made this week that QE3 begins to be called into question.  Of course, it's budget showdown week as well and, as Paul Krugman points out: "While low spending may sound good in the abstract, what it amounts to in practice is low spending on children, who account directly or indirectly for a large part of government outlays at the state and local level."  Krugman points to the "Texas Miracle" and it's not-so-miraculous aftermath:  




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Friday, March 11, 2011

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Founded in 2009 by Amanda Steinberg, DailyWorth is usually a every day electronic mail newsletter that includes information on economic literacy and income management skewed in the direction of a female audience. DailyWorth’s topics range from learn how to organize your finances to tax ideas to conserving guidance. And DailyWorth has an extraordinary editorial staff to build articles. MP Dunleavey, earlier a individual finance columnist with the Ny Occasions and at present a contributor with Moolah magazine, is major DailyWorth’s editorial group.

In spite of unions’ lengthy hatred of Scott Walker, the new governor is moving to address both equally the indicators in the condition as well as illness itself-the public-sector union scheme which has molested Wisconsin’s taxpayers and their young children by gaming the product. Unions like Wisconsin’s teachers’ union [WEAC] (which was Wisconsin’s biggest-spending lobby in 2009) happen to be extraordinarily adept at fixing the strategy by way of investing millions to elect politicians who, in turn, reward the unions on the expense of the taxpayers.

the Wisconsin battle, when as compared to private-sector negotiations is about: 1) the Scope of Bargaining, two) Union “Income” Protection [Right-to-Work vs. Forced Dues], 3) regardless if Wisconsin really should be the unions’ dues collection company [payroll deduction of dues], and 4) no matter whether public-sector unions may want to be ‘recertified’ by keeping elections every yr.

set the images web based to show our tasks group at msnbc.com, and photographer Jim Seida reported, why do not we just publish it like a slide indicate? I used to be skeptical in the beginning - would that crimp the writing? - but inside the finish I was advocating accomplishing it this way when the picture crew was skeptical. I thought much more consumers would study due to it by doing this, and it will be value an experiment.”


industrial fishing boats primarily based in Crescent Metropolis place to sea very last night time when the tsunami alert was foremost broadcast. It is really simpler to trip out major waves at sea than with the dock. Now many of those boats are working reduced on fuel, however they are unable to return to port although the surges keep on, explained Chris Renner, owner of C. Renner Petroleum Co. in Crescent Metropolis, which serves the fleet


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On Monday night time, I watched my initially, The Last Phrase host Lawrence O’Donnell.
When O’Donnell laudably experimented with to target the audience’s attention onand hopefully previous, Charlie Sheen trainwreck interview, courtesy of the tragic undertow that threatens to pull Sheen underneath for superior, I used to be overtaken, not through the pulling on the thread, and the voracious audience he serves. It did not make me sad, it built me angry.

With regards to celebrities, we could be considered a heartless region, basking within their misfortunes like nude sunbathers at Schadenfreude Seashore. The impulse is understandable, to some diploma. It may possibly be grating to listen to complaints from most people who love privileges that most of us can’t even think of. Once you can not muster up some compassion for Charlie Sheen, who would make far more capital for a day’s operate than most of us will make in a very decade’s time, I guess I can not blame you.



Together with the speedy speed of occasions on the net and therefore the facts revolution sparked through the Net, it is particularly quick for your engineering marketplace to consider it is exceptional: always breaking new ground and engaging in factors that no person has ever before accomplished in advance of.

But there's other types of company that have previously undergone a lot of the exact same radical shifts, and also have just as terrific a stake with the future.

Get healthcare, for instance.

We normally imagine of it being a significant, lumbering beast, but in truth, medicine has undergone a series of revolutions inside previous 200 years that happen to be no less than equal to individuals we see in engineering and information and facts.

Much less understandable, but nevertheless inside of the norms of human nature, is the impulse to rubberneck, to slow down and take a look at the carnage of Charlie spectacle of Sheen’s unraveling, but from the blithe interviewer Sheen’s daily life as we pass it from the correct lane of our daily lives. To become straightforward, it can be hard for people to discern the difference involving a run-of-the-mill interest whore, and an honest-to-goodness, circling the drain tragedy-to-be. On its individual merits, a quote like “I Am On a Drug. It is Labeled as Charlie Sheen” is sheer genius, and we can’t all be expected to consider the total measure of someone’s lifestyle each time we listen to something humorous.

Speedy ahead to 2011 and I'm attempting to examine would mean of getting a little more business-like about my hobbies (generally audio). Through the end of January I had manned up and started to advertise my weblogs. I had developed several several blogs, which were contributed to by close friends and colleagues. I promoted these actions by using Facebook and Twitter.


Second: the minor abomination that the Gang of Five around the Supream Court gave us a 12 months or so in the past (Citizens Inebriated) definitely consists of a tad bouncing betty of its very own that may highly properly go off during the faces of Govs Wanker, Sacitch, Krysty, and J.O. Daniels. Due to the fact this ruling prolonged the idea of “personhood” to both equally companies and unions, to attempt to deny them any suitable to run inside the legal framework that they have been organized below deprives these “persons” on the freedoms of speech, association and movement. Which means (after once again, quoting law school trained household) that either the courts need to uphold these rights for that unions (as person “persons” as assured by the Federal (and most state) constitutions, or they have to declare that these attempts at stripping or limiting union rights must use to significant companies, also.


The day his fans have been waiting for has arrived, but Lupe Fiasco doesn't appear to be basking in the glow of his latest album, "Lasers."


The Chicago lyricist's third studio album comes after his critically and commercially successful offering, "The Cool." After some delays - and even scheduled fan demonstrations demanding the record's release - "Lasers" eventually leaked a couple of weeks before the official March 8 release date.


In a candid Q&A compiled from two interviews with New York Magazine, the 30-year-old rapper, born Wasalu Muhammad Jaco, was asked about his hopes for "Lasers."



"To be blunt, I don't really give a [crap]," Fiasco said. “I've grown very distant from the business, very numb to it...I don't really care about the success anymore. I don't really care about the fame. Three, four years later, I look at my bank account statements, and I haven't made any money with my record label. You start to think a little bit differently about your motivations and why you're doing what you're doing."


Despite his bold claim, Fiasco insists that there is no longer any ill will towards his label, Atlantic Records, calling their current relationship "copacetic." Hopefully, he went on, "we'll get through the rest of our contract without too many big hiccups."


Label issues aside, Fiasco has a different problem with the industry: a lack of creativity.


"I’m guilty of it, too," he admitted. "Hip-hop today — talking solely about the commercial space — it’s the same producers, sound, over and over again. The artist with that particularly poppy song is given the first look as opposed to that ethereal, weird artist with the brand-new music."


Take, for example, the Grammys win that had Beliebers targeting their wrath towards one Esperanza Spalding. "The person who wins Best New Artist is this really abstract left bass player," Fiasco said, "[b]ecause it’s about who’s making music, who’s making something different. Justin Bieber sounds just like everybody else, to be honest. He’s the homie; he’s dope. But he’s no different than Sean Kingston, Usher."


Does Fiasco have a point? If you picked up his album, let us know what you think of it in the comments. To hear more on the latest in pop culture, check out the Hollywood Hangover podcast.


On Monday night, I watched my first, and hopefully last, Charlie Sheen trainwreck interview, courtesy of The Last Word host Lawrence O’Donnell. While O’Donnell laudably tried to focus the audience’s attention on the tragic undertow that threatens to pull Sheen under for good, I was overtaken, not by the spectacle of Sheen’s unraveling, but of the blithe interviewer pulling on the thread, and the voracious audience he serves. It didn’t make me sad, it made me angry.



When it comes to celebrities, we can be a heartless country, basking in their misfortunes like nude sunbathers at Schadenfreude Beach. The impulse is understandable, to some degree. It can be grating to listen to complaints from people who  enjoy privileges that most of us can’t even imagine. If you can’t muster up some compassion for Charlie Sheen, who makes more money for a day’s work than most of us will make in a decade’s time, I guess I can’t blame you.


Less understandable, but still within the norms of human nature, is the impulse to rubberneck, to slow down and check out the carnage of Charlie Sheen’s life as we pass it in the right lane of our everyday lives. To be honest, it can be tough for people to discern the difference between a run-of-the-mill attention whore, and an honest-to-goodness, circling the drain tragedy-to-be. On its own merits, a quote like “I Am On A Drug. It’s Called Charlie Sheen” is sheer genius, and we can’t all be expected to take the full measure of someone’s life every time we hear something funny.


But the people who are inviting Charlie Sheen to star in his own slo-mo snuff film don’t get a pass, and at a certain point, neither does their audience. It should be clear, to anyone who’s paying attention, that Charlie Sheen is in serious trouble, and that his next big exclusive could very well be with the LA County coroner. I disagree with Mediaite Managing Editor Colby Hall that interviewers like Piers Morgan are enabling Sheen, or even exploiting him. They’re not just pointing at Charlie Sheen’s self-immolation, they are throwing gasoline on it, and with Sheen’s distress as obvious as it is, making accomplices of the audience.


As it happens, I really like Charlie Sheen. I know it’s fashionable to snark about his TV show, but Sheen really is a gifted actor, and for those of you who think he owes his success to his famous father, I have two words for you, and one of them is “Emilio.” I don’t know if any man really deserves the kind of money that Sheen makes, but then again, if I had a nickel for every gag I laughed out loud at through two Hot Shots movies, I’d have a big-ass pile of nickels.


But even if you don’t care for Sheen, or you’re one of those people who can’t muster compassion for addicts who “bring things on themselves,” doesn’t decency at least dictate that you not make things worse?


Lawrence O’Donnell speaks knowingly about the trouble that Charlie Sheen is in, and with regard to Sheen’s current trajectory, he’s right, it is sad. But the interview he uses to illustrate that downward spiral is much more a symptom of our own sickness than Sheen’s: (from MSNBC)




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Saturday, March 5, 2011

Making Money Marketing





The new U.S. Consumer Financial Protection Bureau isn't even up and running yet, and already it seems its funding could be in trouble. Prof. Elizabeth Warren, the champion of the bureau, is trying to protect her project in the face of a conservative House majority.



The organization, birthed last year during the Dodd-Frank financial reform, would bring together the seven government agencies already in place with consumers' interests in mind. Reuter's Prism Money blog contends that Harvard Law School's Warren is a champion worth protecting.



Warren is a bank watchdog, intent on protecting consumers who might be subject to banking and credit abuses.



Warren feels the problem lies in the hits the middle class has been taking in the face of the credit industry's determined, bank-friendly marketing. Fees, finance charges, high rates are all big problems for families struggling just to pay the bills.



The agency won't be up and running until July and Warren has yet to be dubbed its head. Prism urges those who'd like to see the bureau get off the ground to contact your senators and congressman to "urge them to leave the bureau's funding alone." You can also ask your credit union or community bank directly to support the independent funding of the organization.



CLICK HERE for a list of U.S. Senators and HERE to write your rep in the House of Representatives.



Why Elizabeth Warren needs your help to police the banks [Reuters]







Republicans are considering ways to trim the federal budget — and the funds that go toward public broadcasting are on the chopping block. Now it appears that certain public radio stations may be violating federal law to convince listeners to lobby Congress to stop these cuts.



Reps. Betty McCollum (D-MN) and Ed Markey (D-Mass.) already staged a silly press conference this week with Elmo, Grover and Big Bird dolls, along with someone in an Arthur the Aardvark costume, to try to embarrass Republicans into continuing to pay for public broadcasting. Of course, using these characters was probably not a good marketing idea to begin with, given the money-making powerhouse that Sesame Street represents and the enormous profits that have been earned through merchandising these characters.


Now public radio stations such as KCRW 89.9 in Santa Monica are sending out press releases with detailed information about the recommended spending cuts from the House Appropriations Committee in H.R. 1, the Full Year Continuing Appropriation Act. KCRW’s message comes from Sarah Spitz at kcrw.org and urges listeners to “take action in support of public broadcasting” by visiting another website. That website allows you to “Click Here to Write Congress” and asks visitors to “contact your representatives in Congress now and urge them to stand up for public broadcasting funding.”


What KCRW is doing, however, may violate the federal Anti-Lobbying Act. 18 U.S.C. § 1913 provides that “No part of the money appropriated by any enactment of Congress shall, in the absence of express authorization by Congress, be used directly or indirectly to pay for any personal service, advertisement, telegram, telephone, letter, printed or written matter, or other device, intended or designed to influence in any manner a Member of Congress, a jurisdiction, or an official of any government, to favor, adopt, or oppose by vote or otherwise, any legislation, law, ratification, policy, or appropriation, whether before or after the introduction of any bill, measure or resolution proposing such legislation, law, ratification, policy or appropriation.”


Under a prior version of the statute as it was interpreted by at least one court decision, this anti-lobbying provision applied only to federal officers and employees. But the law was amended in 2002 and now applies to anyone who receives federally appropriated funds including recipients of federal grants such as NPR. Such grants cannot be used to lobby Congress directly or indirectly, which would include trying to persuade NPR listeners to lobby Congress on NPR’s behalf. So if any of the funds received by KCRW from the Corporation for Public Broadcasting were used to pay Sarah Spritz’s salary in writing this lobbying appeal or to fund the facilities used to broadcast her message on behalf of the radio station, then KCRW has violated federal law.   And if any federal funds were used to pay for this website, that is also a violation of the law.



This is not an isolated incident either.  Both of the public radio stations in Washington, D.C., the nation’s capitol (WETA and WAMU) have postings on their websites telling listeners that they should call their congressional representatives to stop these proposed funding cuts.


The amended 18 U.S.C. § 1913 has gone largely unnoticed and has not yet been used to prosecute the recipients of federal funds (e.g., Planned Parenthood) who appear to lobby Congress regularly.  But there is no question about the reach of this federal provision and the possibility that public radio stations such as KCRW may be violating the law in their lobbying efforts to stop Congress from getting rid of taxpayer funding for public broadcasting.


Will the Holder Justice Department do anything about this possible violation of federal law? Unfortunately, given its record over the past two years of politicized law enforcement decisions, that is very doubtful.


However, note to entrepreneurial lawyers:  These possible violations of the Anti-Lobbying Act by public radio stations may trigger the qui tam provisions of the federal False Claims Act, which applies to every organization that receives money from the federal government.  The FCA imposes civil liability and stiff penalties on anyone who defrauds the government by getting a  false or fraudulent claim paid.  Using federally-appropriated funds to engage in illegal lobbying activities may very well violate the FCA.  Private parties can assert qui tam claims under the FCA and can recover up to triple damages and reasonable attorneys’ fee and costs.


So even if Eric Holder’s Justice Department doesn’t want to go after NPR, private parties and their lawyers may be able to do it and make a profit on it.




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Confirmed: AOL&#39;s Patch Buys Hyperlocal <b>News</b> Site Outside.In

AOL's Patch has acquired hyperlocal news aggregator Outside.In, we've confirmed with Patch's president Warren Webster. It's unclear what the terms of the deal are but Business Insider reported earlier that the acquisition is valued at ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

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News and opinion about US politics from a liberal perspective.


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Confirmed: AOL&#39;s Patch Buys Hyperlocal <b>News</b> Site Outside.In

AOL's Patch has acquired hyperlocal news aggregator Outside.In, we've confirmed with Patch's president Warren Webster. It's unclear what the terms of the deal are but Business Insider reported earlier that the acquisition is valued at ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.

AMERICAblog <b>News</b>: Military will keep stripping accused WikiLeaks <b>...</b>

News and opinion about US politics from a liberal perspective.


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Confirmed: AOL&#39;s Patch Buys Hyperlocal <b>News</b> Site Outside.In

AOL's Patch has acquired hyperlocal news aggregator Outside.In, we've confirmed with Patch's president Warren Webster. It's unclear what the terms of the deal are but Business Insider reported earlier that the acquisition is valued at ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.

AMERICAblog <b>News</b>: Military will keep stripping accused WikiLeaks <b>...</b>

News and opinion about US politics from a liberal perspective.


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Confirmed: AOL&#39;s Patch Buys Hyperlocal <b>News</b> Site Outside.In

AOL's Patch has acquired hyperlocal news aggregator Outside.In, we've confirmed with Patch's president Warren Webster. It's unclear what the terms of the deal are but Business Insider reported earlier that the acquisition is valued at ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.

AMERICAblog <b>News</b>: Military will keep stripping accused WikiLeaks <b>...</b>

News and opinion about US politics from a liberal perspective.


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Confirmed: AOL&#39;s Patch Buys Hyperlocal <b>News</b> Site Outside.In

AOL's Patch has acquired hyperlocal news aggregator Outside.In, we've confirmed with Patch's president Warren Webster. It's unclear what the terms of the deal are but Business Insider reported earlier that the acquisition is valued at ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.

AMERICAblog <b>News</b>: Military will keep stripping accused WikiLeaks <b>...</b>

News and opinion about US politics from a liberal perspective.


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Confirmed: AOL&#39;s Patch Buys Hyperlocal <b>News</b> Site Outside.In

AOL's Patch has acquired hyperlocal news aggregator Outside.In, we've confirmed with Patch's president Warren Webster. It's unclear what the terms of the deal are but Business Insider reported earlier that the acquisition is valued at ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.

AMERICAblog <b>News</b>: Military will keep stripping accused WikiLeaks <b>...</b>

News and opinion about US politics from a liberal perspective.


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Confirmed: AOL&#39;s Patch Buys Hyperlocal <b>News</b> Site Outside.In

AOL's Patch has acquired hyperlocal news aggregator Outside.In, we've confirmed with Patch's president Warren Webster. It's unclear what the terms of the deal are but Business Insider reported earlier that the acquisition is valued at ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.

AMERICAblog <b>News</b>: Military will keep stripping accused WikiLeaks <b>...</b>

News and opinion about US politics from a liberal perspective.


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Confirmed: AOL&#39;s Patch Buys Hyperlocal <b>News</b> Site Outside.In

AOL's Patch has acquired hyperlocal news aggregator Outside.In, we've confirmed with Patch's president Warren Webster. It's unclear what the terms of the deal are but Business Insider reported earlier that the acquisition is valued at ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.

AMERICAblog <b>News</b>: Military will keep stripping accused WikiLeaks <b>...</b>

News and opinion about US politics from a liberal perspective.


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Confirmed: AOL&#39;s Patch Buys Hyperlocal <b>News</b> Site Outside.In

AOL's Patch has acquired hyperlocal news aggregator Outside.In, we've confirmed with Patch's president Warren Webster. It's unclear what the terms of the deal are but Business Insider reported earlier that the acquisition is valued at ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.

AMERICAblog <b>News</b>: Military will keep stripping accused WikiLeaks <b>...</b>

News and opinion about US politics from a liberal perspective.


bench craft company

Confirmed: AOL&#39;s Patch Buys Hyperlocal <b>News</b> Site Outside.In

AOL's Patch has acquired hyperlocal news aggregator Outside.In, we've confirmed with Patch's president Warren Webster. It's unclear what the terms of the deal are but Business Insider reported earlier that the acquisition is valued at ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.

AMERICAblog <b>News</b>: Military will keep stripping accused WikiLeaks <b>...</b>

News and opinion about US politics from a liberal perspective.



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Thursday, February 17, 2011

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The mandate in Massachusetts


Andy Barr flags a report in the Boston Globe that offers a glimpse of how the mandate is working, and of its limits, in Massachusetts: 



Massachusetts regulators granted more exemptions last year to residents who said they could not afford the health insurance required by the state, waiving the tax penalty for more than half of those who appealed, according to state data.


Of the 2,637 people who applied, 63 percent received an exemption with 107 cases pending, up from 44 percent the previous year.


State officials said they excused the majority of waiver applicants in large part because of the protracted sour economy, which made insurance unaffordable for more people. Under the 2006 state law that requires most residents to have coverage, regulators have significant latitude to authorize waivers by taking into account factors such as a home foreclosure.





How about this:


Milan (AsiaNews) – Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each. Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.

What caught the policemen’s attention were the billion dollar securities. Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.

The question now is who could or would counterfeit or smuggle these non-negotiable bonds.

In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.

If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit.

If the certificates are fakes the two Japanese nationals could get a very lengthy jail sentence for fraud.

As soon as the seizure was made the US Embassy in Rome was informed. Italian and US secret services were called in to assist the Italian financial police.

Some important international financial newspapers had already reported on the existence of “funny money” circulating on parallel, i.e. unofficial, financial markets.

For AsiaNews a few points need considering:

1. When it comes to Italy the world press has tended to focus on Italian Prime Minister Berlusconi’s personal problems rather than on stories like the bonds smuggling affair which has been front page on Italian newspapers.

2. The fear of counterfeit bonds and securities has spread across Asia with the result that real securities are also considered with suspicion.

3. During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared. The main difference though is that 65 years ago the world was involved in a bloody war, which is not the case today.



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Fox <b>News</b> Ron Paul CPAC Video | Ron Paul Straw Poll | Fox <b>News</b> <b>...</b>

This weekend, Rep. Ron Paul won the straw poll at this year's CPAC the second consecutive year. However, when he was interviewed about victory during America's Newsroom on Fox News, yesterday, they aired the clip of his announced win in ...

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Fox <b>News</b> Caught Smearing Ron Paul | Death and Taxes

Fox News was caught flagrantly deceiving viewers in a smear on Texas Congressman Ron Paul.


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Fox <b>News</b> Ron Paul CPAC Video | Ron Paul Straw Poll | Fox <b>News</b> <b>...</b>

This weekend, Rep. Ron Paul won the straw poll at this year's CPAC the second consecutive year. However, when he was interviewed about victory during America's Newsroom on Fox News, yesterday, they aired the clip of his announced win in ...

Lost: Internet Marketing <b>News</b>, If Found Please Let Us Know

You've heard of a slow news day, right? How about a slow news year? So far, 2011 has been a ...

Fox <b>News</b> Caught Smearing Ron Paul | Death and Taxes

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Fox <b>News</b> Ron Paul CPAC Video | Ron Paul Straw Poll | Fox <b>News</b> <b>...</b>

This weekend, Rep. Ron Paul won the straw poll at this year's CPAC the second consecutive year. However, when he was interviewed about victory during America's Newsroom on Fox News, yesterday, they aired the clip of his announced win in ...

Lost: Internet Marketing <b>News</b>, If Found Please Let Us Know

You've heard of a slow news day, right? How about a slow news year? So far, 2011 has been a ...

Fox <b>News</b> Caught Smearing Ron Paul | Death and Taxes

Fox News was caught flagrantly deceiving viewers in a smear on Texas Congressman Ron Paul.


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Fox <b>News</b> Ron Paul CPAC Video | Ron Paul Straw Poll | Fox <b>News</b> <b>...</b>

This weekend, Rep. Ron Paul won the straw poll at this year's CPAC the second consecutive year. However, when he was interviewed about victory during America's Newsroom on Fox News, yesterday, they aired the clip of his announced win in ...

Lost: Internet Marketing <b>News</b>, If Found Please Let Us Know

You've heard of a slow news day, right? How about a slow news year? So far, 2011 has been a ...

Fox <b>News</b> Caught Smearing Ron Paul | Death and Taxes

Fox News was caught flagrantly deceiving viewers in a smear on Texas Congressman Ron Paul.


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Fox <b>News</b> Ron Paul CPAC Video | Ron Paul Straw Poll | Fox <b>News</b> <b>...</b>

This weekend, Rep. Ron Paul won the straw poll at this year's CPAC the second consecutive year. However, when he was interviewed about victory during America's Newsroom on Fox News, yesterday, they aired the clip of his announced win in ...

Lost: Internet Marketing <b>News</b>, If Found Please Let Us Know

You've heard of a slow news day, right? How about a slow news year? So far, 2011 has been a ...

Fox <b>News</b> Caught Smearing Ron Paul | Death and Taxes

Fox News was caught flagrantly deceiving viewers in a smear on Texas Congressman Ron Paul.


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Fox <b>News</b> Ron Paul CPAC Video | Ron Paul Straw Poll | Fox <b>News</b> <b>...</b>

This weekend, Rep. Ron Paul won the straw poll at this year's CPAC the second consecutive year. However, when he was interviewed about victory during America's Newsroom on Fox News, yesterday, they aired the clip of his announced win in ...

Lost: Internet Marketing <b>News</b>, If Found Please Let Us Know

You've heard of a slow news day, right? How about a slow news year? So far, 2011 has been a ...

Fox <b>News</b> Caught Smearing Ron Paul | Death and Taxes

Fox News was caught flagrantly deceiving viewers in a smear on Texas Congressman Ron Paul.


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Fox <b>News</b> Ron Paul CPAC Video | Ron Paul Straw Poll | Fox <b>News</b> <b>...</b>

This weekend, Rep. Ron Paul won the straw poll at this year's CPAC the second consecutive year. However, when he was interviewed about victory during America's Newsroom on Fox News, yesterday, they aired the clip of his announced win in ...

Lost: Internet Marketing <b>News</b>, If Found Please Let Us Know

You've heard of a slow news day, right? How about a slow news year? So far, 2011 has been a ...

Fox <b>News</b> Caught Smearing Ron Paul | Death and Taxes

Fox News was caught flagrantly deceiving viewers in a smear on Texas Congressman Ron Paul.


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Fox <b>News</b> Ron Paul CPAC Video | Ron Paul Straw Poll | Fox <b>News</b> <b>...</b>

This weekend, Rep. Ron Paul won the straw poll at this year's CPAC the second consecutive year. However, when he was interviewed about victory during America's Newsroom on Fox News, yesterday, they aired the clip of his announced win in ...

Lost: Internet Marketing <b>News</b>, If Found Please Let Us Know

You've heard of a slow news day, right? How about a slow news year? So far, 2011 has been a ...

Fox <b>News</b> Caught Smearing Ron Paul | Death and Taxes

Fox News was caught flagrantly deceiving viewers in a smear on Texas Congressman Ron Paul.


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Fox <b>News</b> Ron Paul CPAC Video | Ron Paul Straw Poll | Fox <b>News</b> <b>...</b>

This weekend, Rep. Ron Paul won the straw poll at this year's CPAC the second consecutive year. However, when he was interviewed about victory during America's Newsroom on Fox News, yesterday, they aired the clip of his announced win in ...

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You've heard of a slow news day, right? How about a slow news year? So far, 2011 has been a ...

Fox <b>News</b> Caught Smearing Ron Paul | Death and Taxes

Fox News was caught flagrantly deceiving viewers in a smear on Texas Congressman Ron Paul.















Tuesday, February 15, 2011

Making Money Internet


According to a BusinessInsider interview, Gogo in-flight wireless is doing well and just raised another $35 million in capital to keep the lights on and the in-flight Wi-Fi flowing. Aircell, Gogo’s parent company, says that the service served 3 million sessions between Thanksgiving and New Year’s. Google offered free Gogo on all flights during this period.


In-flight Internet is, in a word, great. However, I worry that it is severely hampering my movie watching time these days as I’m encouraged to write and work during flights as opposed to read magazines and watch movie’s I wouldn’t normally watch with the lady wife like The Box and Pootie Tang. Gogo is available on American, United, Delta, Virgin America, and Air Canada and airlines love it, as Dan Frommer points out, “because it’s a way to distract passengers and generate revenue at the same time — unlike installing TV sets and on-demand movies, which costs money.”


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Weekly Search &amp; Social <b>News</b>: 02/15/2011 | Search Engine Journal

Hello and welcome back to '7 Days of Search and Social'. Another week, another drama. While I've not looked historically to past years, one does have to wonder.

Great <b>news</b>: Supercomputer utterly destroys all-time champs on <b>...</b>

Great news: Supercomputer utterly destroys all-time champs on Jeopardy.

Live blogging Obama&#39;s <b>news</b> conference – CNN Political Ticker - CNN <b>...</b>

The CNN Political and White House teams are bringing you the latest developments and reactions from President Obama's news conference. Please continually refresh this page for the latest updates (CTRL-R). UPDATE: Read the full CNN.com ...


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Weekly Search &amp; Social <b>News</b>: 02/15/2011 | Search Engine Journal

Hello and welcome back to '7 Days of Search and Social'. Another week, another drama. While I've not looked historically to past years, one does have to wonder.

Great <b>news</b>: Supercomputer utterly destroys all-time champs on <b>...</b>

Great news: Supercomputer utterly destroys all-time champs on Jeopardy.

Live blogging Obama&#39;s <b>news</b> conference – CNN Political Ticker - CNN <b>...</b>

The CNN Political and White House teams are bringing you the latest developments and reactions from President Obama's news conference. Please continually refresh this page for the latest updates (CTRL-R). UPDATE: Read the full CNN.com ...


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Weekly Search &amp; Social <b>News</b>: 02/15/2011 | Search Engine Journal

Hello and welcome back to '7 Days of Search and Social'. Another week, another drama. While I've not looked historically to past years, one does have to wonder.

Great <b>news</b>: Supercomputer utterly destroys all-time champs on <b>...</b>

Great news: Supercomputer utterly destroys all-time champs on Jeopardy.

Live blogging Obama&#39;s <b>news</b> conference – CNN Political Ticker - CNN <b>...</b>

The CNN Political and White House teams are bringing you the latest developments and reactions from President Obama's news conference. Please continually refresh this page for the latest updates (CTRL-R). UPDATE: Read the full CNN.com ...


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Weekly Search &amp; Social <b>News</b>: 02/15/2011 | Search Engine Journal

Hello and welcome back to '7 Days of Search and Social'. Another week, another drama. While I've not looked historically to past years, one does have to wonder.

Great <b>news</b>: Supercomputer utterly destroys all-time champs on <b>...</b>

Great news: Supercomputer utterly destroys all-time champs on Jeopardy.

Live blogging Obama&#39;s <b>news</b> conference – CNN Political Ticker - CNN <b>...</b>

The CNN Political and White House teams are bringing you the latest developments and reactions from President Obama's news conference. Please continually refresh this page for the latest updates (CTRL-R). UPDATE: Read the full CNN.com ...


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Weekly Search &amp; Social <b>News</b>: 02/15/2011 | Search Engine Journal

Hello and welcome back to '7 Days of Search and Social'. Another week, another drama. While I've not looked historically to past years, one does have to wonder.

Great <b>news</b>: Supercomputer utterly destroys all-time champs on <b>...</b>

Great news: Supercomputer utterly destroys all-time champs on Jeopardy.

Live blogging Obama&#39;s <b>news</b> conference – CNN Political Ticker - CNN <b>...</b>

The CNN Political and White House teams are bringing you the latest developments and reactions from President Obama's news conference. Please continually refresh this page for the latest updates (CTRL-R). UPDATE: Read the full CNN.com ...


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Weekly Search &amp; Social <b>News</b>: 02/15/2011 | Search Engine Journal

Hello and welcome back to '7 Days of Search and Social'. Another week, another drama. While I've not looked historically to past years, one does have to wonder.

Great <b>news</b>: Supercomputer utterly destroys all-time champs on <b>...</b>

Great news: Supercomputer utterly destroys all-time champs on Jeopardy.

Live blogging Obama&#39;s <b>news</b> conference – CNN Political Ticker - CNN <b>...</b>

The CNN Political and White House teams are bringing you the latest developments and reactions from President Obama's news conference. Please continually refresh this page for the latest updates (CTRL-R). UPDATE: Read the full CNN.com ...


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Weekly Search &amp; Social <b>News</b>: 02/15/2011 | Search Engine Journal

Hello and welcome back to '7 Days of Search and Social'. Another week, another drama. While I've not looked historically to past years, one does have to wonder.

Great <b>news</b>: Supercomputer utterly destroys all-time champs on <b>...</b>

Great news: Supercomputer utterly destroys all-time champs on Jeopardy.

Live blogging Obama&#39;s <b>news</b> conference – CNN Political Ticker - CNN <b>...</b>

The CNN Political and White House teams are bringing you the latest developments and reactions from President Obama's news conference. Please continually refresh this page for the latest updates (CTRL-R). UPDATE: Read the full CNN.com ...


bench craft company credit card

Weekly Search &amp; Social <b>News</b>: 02/15/2011 | Search Engine Journal

Hello and welcome back to '7 Days of Search and Social'. Another week, another drama. While I've not looked historically to past years, one does have to wonder.

Great <b>news</b>: Supercomputer utterly destroys all-time champs on <b>...</b>

Great news: Supercomputer utterly destroys all-time champs on Jeopardy.

Live blogging Obama&#39;s <b>news</b> conference – CNN Political Ticker - CNN <b>...</b>

The CNN Political and White House teams are bringing you the latest developments and reactions from President Obama's news conference. Please continually refresh this page for the latest updates (CTRL-R). UPDATE: Read the full CNN.com ...


bench craft company credit card

Weekly Search &amp; Social <b>News</b>: 02/15/2011 | Search Engine Journal

Hello and welcome back to '7 Days of Search and Social'. Another week, another drama. While I've not looked historically to past years, one does have to wonder.

Great <b>news</b>: Supercomputer utterly destroys all-time champs on <b>...</b>

Great news: Supercomputer utterly destroys all-time champs on Jeopardy.

Live blogging Obama&#39;s <b>news</b> conference – CNN Political Ticker - CNN <b>...</b>

The CNN Political and White House teams are bringing you the latest developments and reactions from President Obama's news conference. Please continually refresh this page for the latest updates (CTRL-R). UPDATE: Read the full CNN.com ...