Archive for September, 2008
FASB 157 gets “clarification”
September 30, 2008 in business and economy
Tags: AIG, Bear Stearns, Cox, Lehman, mark to market accounting, Merrill Lynch, mortgage backed securities, paulson, Sarbanes-Oxley, SEC, US Treasury, Wachovia, Wamu
The much maligned accounting principle of “mark to market” accounting has received an important clarification today from regulators at the SEC.
“When an active market for a security does not exist, the use of management estimates that incorporate current market participant expectations of future cash flows, and include appropriate risk premiums, is acceptable.” source
FASB 157 came [...]
Another question for Obama
September 29, 2008 in election 2008, politics
Tags: barack obama, eric rudolph, NRO, obamas friends, ted kacynski, terrorist connectins, william ayers
“Sen. Obama, you dismissed your association with William Ayers by stating that his actions, while “despicable”, occurred when you were just eight years old. Ayers was still a fugitive when another terrorist bomber, Ted Kaczynski (the “Unabomber”) began his bombing campaign (btw — Senator, you were 20 at the time). Would you have had any [...]
A question for Obama
September 27, 2008 in election 2008, politics, war on terror
Tags: debra burlingame, iraq, kathryn jean lopez, NRO, obama, ole miss debate
“Senator Obama, you distinguished yourself from your Democratic rivals in the primary season as having better judgment because you opposed the war in Iraq in 2002. Knowing what we know now about Saddam Hussein from the independent Iraq Survey Group (Dulfer) Report — that he had the capability to produce chemical weapons within three to [...]
Obama grant being probed
September 25, 2008 in politics
Tags: bill daley, chicago machine politics, englewood botanical gardens, obama, sun-times, tribune
from Chicago Sun-Times
A $100,000 state grant for a botanic garden in Englewood that then-state Sen. Barack Obama awarded in 2001 to a group headed by a onetime campaign volunteer is now under investigation by the Illinois attorney general amid new questions, prompted by Chicago Sun-Times reports, about whether the money might have been misspent.
The garden [...]
The President’s address to the nation
September 24, 2008 in economy
Tags: bailout, financial crisis, George W. Bush, paulson
Text of Speech:
THE PRESIDENT: Good evening. This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. We’ve seen triple-digit swings in the stock market. Major financial institutions have teetered on the edge of collapse, [...]
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C-L Mississippi Briefs- Patriots honored today November 11, 2009There's only one way to understand how much a veteran sacrifices for his or her country, said John Mayo: Become one.
- Legal brushes nothing new November 11, 2009Three times Ricky Franklin of Bolton has been accused of attacks on women in Hinds County. All three times, he was not convicted.
- 2 men off death row November 11, 2009Two inmates are no longer facing execution based on separate federal judges' rulings removing them from Mississippi's death row, but the state attorney general will ask that the decisions be reconsidered.
- Ballet competition poster unveiled; Bad Boys of Dance to perform November 11, 2009With an opening gala performance by Rasta Thomas' Bad Boys of Dance and Firebird artwork, the USA International Ballet Competition nods to its past and ballet history even as it spotlights new talent.
- JSU cuts posts to save money November 11, 2009Jackson State has consolidated four key administrative positions into two as leaders prepare for state-mandated budget cuts at the university.
- Playing of pep song halted by UM leader November 11, 2009The University of Mississippi's first-year chancellor followed through on a promise Tuesday and asked the band to stop playing a pep song because some fans are chanting "the South will rise again" at the end of the medley.
- Barbour, 3 other govs. visit troops in Iraq November 11, 2009Gov. Haley Barbour is spending part of this week in the Middle East, where more than 3,500 Mississippians are serving in Iraq.
- Ida causes little trouble for Miss. November 11, 2009Tropical Storm Ida sloshed ashore with rain and gusty winds Tuesday before weakening to a depression, causing little damage along the Gulf Coast but bringing more rain to the already-soaked Southeast.
- Civil rights-era FBI agent in Miss. dies at home at 83 November 11, 2009Former FBI agent Reesie Luttrell Timmons, who worked in McComb during Mississippi's turbulent civil rights era, has died. He was 83.
- Law Enforcement Briefs November 11, 2009
- Patriots honored today November 11, 2009
NRO–The Corner- Müller Time -- By: John J. Miller
- Blame Game Begins -- By: Jonah Goldberg
- ACORN in the Light of a Moon Beam -- By: Jonah Goldberg
- Still Willfully Blind -- By: Andy McCarthy
- More Hasan & PTSD -- By: Rich Lowry
- Tear Down This Wall -- By: Mark Steyn
- John Allen Muhammad, the Death Penalty, and Retributive Punishment -- By: NRO Staff
- What the President of the Czech Republic Dislikes About Europe -- By: Peter Robinson
- RedState Update -- By: Ramesh Ponnuru
- Failures Everywhere -- By: Jonah Goldberg
Free Republic- Father 'killed son with steak knife'
- Soldier-father of slain 7-year-old learns her fate during overseas call
- Perception vs reality(Bush in India)
- S. Korea: Playing a 'round' near the DMZ
- Obama Suggests Still Possible Hasan May Have Cracked Under Stress (video-"I'd rather not comment")
- Climate change study shows Earth is still absorbing carbon dioxide
- Don't Ask, Don't Give - donor boycott of DNC
- Lieberman on Public Option Health Care: I Have No Other Choice ... Ive Got To Stop It
- Chemical BPA in workers linked to sex problems
- Surprise Republican Senate candidate reaching out to Sen. McConnell
- Digitized inscriptions reveal ancient messages
- [Weekly Chosun] Sino-N. Korean 'Intel War'
- Obama, Netanyahu meet on Mideast crisis
- Pakistan in Chinese fighter jet deal
- Arkansas Anchorwoman's Face Shattered 'Like an Egg' During Attack
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McComb E-J Headlines- Bulletin: Anderson’s charges remanded November 10, 2009For now, it appears Mark Anderson’s near two-month saga has come to an end from a legal standpoint, anyway.
- Gen.: Guard fighting terror November 10, 2009LIBERTY The Mississippi National Guard is doing its share in the War on Terror as well as the war against a slumping economy, the state adjutant general said Monday.
- Couple accused of taking child November 10, 2009A Meadville woman has been charged with kidnapping, and her husband faces charges of child endangerment and resisting arrest by flight in the alleged abduction of a child Sunday, Amite County sheriff’s officials said.
- Retired FBI agent Timmons dies at 83 November 10, 2009Reesie Luttrell Timmons, a retired FBI agent who transferred to McComb during the turbulent civil rights era of the 1960s, died Nov. 8, 2009, at his Friendship community home, surrounded by his family. He was 83.
- Berner’s relies on repeat business November 10, 2009When Toy Palmer bought Berner’s Flowers in McComb 38 years ago, he made quite a career change.
- Bulletin: Anderson’s charges remanded November 10, 2009
McComb E-J Opinion- Editorial: Fair trial’ can cut both ways November 10, 2009The case of Maj. Nidal Hasan raises a question that often perplexes the average citizen, if not defense lawyers: What’s a fair trial?
- Editorial: No one deserves to be vandalized November 10, 2009Vandals, those who maliciously destroy other people’s property for some grievance or just for fun, are among society’s dregs, in our opinion.
- Ed Funchess: Baptist enjoys blessing of the hunt November 10, 2009St. Alphonsus Catholic Church hosted its first “Blessing of the Hunt” last week, based upon the conversion of St. Hubert in the late 600s A.D. in Europe. Nov. 3 was long ago declared an annual Feast Day in his honor.
- Editorial: Fair trial’ can cut both ways November 10, 2009
AP News Feed- Military sees increase in wounded in Afghanistan
- Who knew of Fort Hood suspect's radical contacts?
- Defiant DC sniper mastermind Muhammad executed
- AP-GfK Poll: A grouchy public sticking with Obama
- Missing US soldier's body found in Afghan river
- THE INFLUENCE GAME: Bishops shape health care bill
- Blackout darkens much of Brazil and Paraguay
- Chemical BPA in workers linked to sex problems
- Swift wins 2nd straight BMI award for top song
- Mavericks start slow, beat Rockets 121-103
The Hill- President and lawmakers mourn the 13 murdered at Fort Hood President Barack Obama on Tuesday memorialized those killed during the Fort Hood shooting rampage and said the alleged gunman would receive justice. Read more...
- Bill Clinton tells Senate Democrats to learn lessons from ’94Former President Bill Clinton on Tuesday made a rare appearance on Capitol Hill, urging Senate Democrats to learn from his mistakes and pass healthcare reform. Read more...
- Sens. squeeze Speaker over commissionSenators from both parties on Tuesday put new pressure on Speaker Nancy Pelosi to turn the power to trim entitlement benefits over to an independent Read more...
- W.H. denies Afghanistan decision; senators are splitSenate Democrats and Republicans split along party lines on Tuesday amid reports — denied by the White House — that President Barack Obama has made Read more...
- White House denies a final decision has been made on AfghanistanThe White House is denying reports that President Obama has made a final decision on a troop surge in Afghanistan. Read more...
- Senator Dodd seeks dramatic restructuring of the federal financial regulatory systemSen. Chris Dodd circulated a 1,100-page bill on Tuesday that aims to dramatically remake the financial regulatory system. Read more...
- Companies using offshore tax havens look to bill for windfallMultinational corporations are fighting to preserve language in a spending bill that would weaken a ban on federal contracts. Read more...
- Lawmakers not approached by ethics panel, reports inquest has broadenedThe House ethics committee has not approached Reps. Jim Moran and Marcy Kaptur about a lobbying firm under FBI investigation. Read more...
- Pelosi kept public plan in the frameWhen President Barack Obama called the public health insurance option a “sliver” of healthcare reform, and a top White House lieutenant deemed it “not essential,” Read more...
- At-risk Democrats defend their tough votes on healthcare reform billVulnerable House Democrats are beginning the long process of explaining their votes on the healthcare bill. Read more...
- President and lawmakers mourn the 13 murdered at Fort Hood
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BBC News- Thaksin extradition demand rejected November 11, 2009Cambodia rejects an extradition request from Thailand for former Thai PM Thaksin Shinawatra, escalating a diplomatic row.
- Ceremonies mark world's war dead November 11, 2009Services of commemoration are being held around the world to mark the 91st anniversary of the end of World War I.
- 'No fasting' for cholesterol test November 11, 2009Patients who need their cholesterol tested may not need to stop eating for 12 hours beforehand, a major report finds.
- Major power failures hit Brazil November 11, 2009Brazil's two largest cities - Rio de Janeiro and Sao Paulo - are hit by major blackouts due to a problem at a massive hydroelectric dam.
- Washington sniper is put to death November 11, 2009The man behind the 2002 sniper attacks in and near Washington DC is executed after a final appeal was thrown out.
- Bear Stearns ex-managers cleared November 10, 2009Two former Bear Stearns hedge fund managers charged with fraud are found not guilty by a New York jury.
- UK to unveil DNA data plan November 11, 2009Details of how long profiles of innocent people can be kept on the DNA database for England and Wales are to be unveiled.
- Obama sorrow at Fort Hood service November 10, 2009US President Barack Obama says "no faith justifies" the killings at Fort Hood army base, as he attends a memorial service.
- Computer for the elderly launched November 11, 2009A computer designed for older people who have never used the internet before has been launched by Valerie Singleton.
- New Zealand shark bite turns into surprise octuplet Caesarean November 11, 2009A pregnant shark at a New Zealand aquarium was bitten by another shark, unexpectedly releasing four baby sharks as stunned visitors watched.
- Thaksin extradition demand rejected November 11, 2009
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