WATCH OUT! The Fed’s Going After The Cash You Have in Money Market Funds

European institutions are so stricken that currently investors are actually paying a more financially secure Germany to take their money. These financial storms in Europe and the US are creating waves that could smash against Canadian shores at any moment, so now might be a good time for an investor to examine their exposure to Money Market Funds.
A startling line from a Fed Official in the artice below: “The delay (in being able to withdraw your money) would ensure that redeeming investors remain partially invested in the fund long enough to share in any imminent portfolio losses or costs arising from their redemptions,”
Huh, an investor has to pay for losses arising from withdrawing their money????
…more HERE

Power

EBD is away, Kate’s showing a dog or three and Sask Power decided we didn’t need any, so posting will be light for the forseeable future.
There are a few posts scheduled and hopefully they’ll pop up. If you’ve anything interesting, throw it in the Readers Tips thread.

Scratch A Leftist

Lawrence Solomon;

Earlier this week at a Pennsylvania rally sponsored by Jewish Americans for Obama and headlined by Democratic National Committee chair Debbie Wasserman Schultz, the 1,000 Jews in attendance in a synagogue auditorium heard one speaker portray the Republican Party as theocratic anti-Semites who didn’t believe in the separation of church and state; another Democrat described his experiences with anti-Semites in Arizona.
The message — that Republicans and their ilk are anti-Semites — is a familiar one. Jews have long believed that right-wingers tend to be anti-Semites, whether they identify as Nazis, members of the Ku Klux Klan, John Birchers, conservatives, evangelicals, or Republicans. At the height of the Tea Party movement, Democratic House Speaker Nancy Pelosi characterized the protesters as Nazis, saying “You be the judge. They’re carrying swastikas and symbols like that to a town meeting on health care.” On an earlier Bill Maher show, New York’s Democratic Senator Chuck Schumer joked that most anti-Semites vote Republican.
But today, many Jews are no longer laughing along. The anti-Semite card that Democrats have played so deftly over the years — the single-biggest reason Jews provide Democrats with more than 50% of their campaign funding — looks phony to many Jews. When Schultz got up to speak in praise of Obama, the normally sedate Jewish audience heckled her, leaving her visibly rattled.

Related – Understanding How Anti-Western Biases Related to Anti-Semitism and Anti-Israelism (pdf)

The Dirty Little Secret Of Socialized Health Care

Nobody needs to be a doctor.

Ontario’s Health Minister is still angered by the number of millionaire doctors populating the province.
“I was appalled when I saw how many were making in excess of $1 million,” Deb Matthews said, referring to a list that counted over 400 names in 2010.
“Some doctors are getting paid too much. We need to address the issue of relativity. Some doctors in some specialties are earning a fraction of what doctors in other specialties are earning.”

(h/t Bull)

Reader Tips

Johnnyonline, via email;

I was lucky enough to come across this collection of tv shows from 30 years ago with economist and libertarian Milton Friedman hosting. 10 parts – 10 hours. I believe they were originally aired (believe it or not) on PBS.
What makes it truly interesting is the formatting, where one half of each show is devoted to practical and historical examples of theory while the the other half is a moderated discussion with reps from government, academia, and business. It is something to see Thomas Sowell, Frances Fox Piven, and Donald Rumsfeld commenting from way back then. Could be yesterday.
I didn’t realize how much I miss Milton Friedman until I went through this series. Apparently, 2012 is the 100th anniversary of his birth.
I hope these links are new and prove useful and entertaining for you and your readers.

Free To Choose 1980 Vol. 1 – The Power of the Market
Your tips in the comments – links to the other videos are in the extended entry.

Continue reading →

My Obama-Is-Actually-A-Space-Alien Theory

Finally, others are beginning to notice…

That brings me back to the creepiness of it all. It is as if a Dutch politician—an intelligent, well-meaning Dutch politician—were somehow running for the American presidency, but bringing with him the Rawlsian, social-democratic ethos that, in the Netherlands, is the natural way to talk about a properly run society.

h/t Joe B.

It’s Probably Nothing

U.S. Retail Sector Now at Worst Level Since Summer 2009

At least 15 of the 20 big U.S. retailers within the retail sector missed their sales estimates for the month of June, highlighting the weakness in consumer spending.

And a bonus,

The only thing left is for the Fed to announce a third round of quantitative easing (QE3). But at this point, I don’t know if the stock market’s reaction to such a move would be overly positive.

Ya, think?
h/t: Gateway Pundit

Yeah…now they complain

An NDP MP doesn’t like patronage appointments….
So he wants the government to revive a commission, made up of appointed members. To oversee the appointment of other folks, a commission that his party voted against when the Conservative government worked to start said commission?
Perhaps, Mr. Angus you shouldn’t have abused your power when we were in a minority gov’t, eh?
h/t: Mike

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