Daily Archives: February 28, 2010
Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes.
Everyone knows that California is a greater risk financially than Greece. The socialist machine in Sacramento will simply take any monies from any source and spend it on welfare and illegal immigrants. J.P. Morgan Chase understands this.
California is broken. Its one of the reasons I named this site BrokenCountry.Com. Its been broken for more than 25 years, since the hippies from the Haight Ashbury area of San Francisco decided to run for office.
These socialist assholes have ruined California and turned the state into a mecca for degenerates and low lives from every corner of the planet. Now the state is bankrupt because these same socialist spend every penny sent to Sacramento on their unions, which run the state, and their social programs that they create to ensure that they are re-elected. JD
Mr Dimon told investors at the Wall Street bank’s annual meeting that “there could be contagion” if a state the size of California, the biggest of the United States, had problems making debt repayments. “Greece itself would not be an issue for this company, nor would any other country,” said Mr Dimon. “We don’t really foresee the European Union coming apart.” The senior banker said that JP Morgan Chase and other US rivals are largely immune from the European debt crisis, as the risks have largely been hedged.
California however poses more of a risk, given the state’s $20bn (£13.1bn) budget deficit, which Governor Arnold Schwarzenegger is desperately trying to reduce.
Earlier this week, the state’s legislature passed bills that will cut the deficit by $2.8bn through budget cuts and other measures. However the former Hollywood film star turned politician is looking for $8.9bn of cuts over the next 16 months, and is also hoping for as much as $7bn of handouts from the federal government.
Earlier this week, John Chiang, the state’s controller, said that if a workable plan to reduce the deficit and increase cash levels is not reached soon, he will have to return to issuing IOU’s, forcing state workers to take additional unpaid leave and potentially freezing spending.
Last summer, California issued $3bn of IOU’s to creditors including residents owed tax refunds as a way of staving off a cash crisis.
“I can’t write checks without money; that’s against the law. My main goal is to keep the state afloat, but I won’t be able to do it without the help of new legislation,” said Mr Chiang.
WHILE the Top End and Central Australia have been battered by torrential rains, a Territory town has reportedly had fish falling from the sky.
The freak phenomena happened not once, but twice, on Thursday and Friday afternoon about 6pm at Lajamanu, about 550km southwest of Katherine, The Northern Territory News reports.
Christine Balmer, who took the photos of the fish on the ground and in a bucket, said she had to pinch herself when she was told “hundreds and hundreds” of small white fish had fallen from the sky.
“It rained fish in Lajamanu on Thursday and Friday night,” she said,
“They fell from the sky everywhere.
“Locals were picking them up off the footy oval and on the ground everywhere.
“These fish were alive when they hit the ground.”
Mrs Balmer, the aged care co-ordinator at the Lajamanu Aged Care Centre, said her family interstate thought she had lost the plot when she told them about the event.
“I haven’t lost my marbles,” she said, reassuring herself.
“Thank God it didn’t rain crocodiles.”
Lajamanu sits on the edge of the Tanami Desert, hundreds of kilometres from Lake Argyle and Lake Elliott and even further from the coast. But it’s not the first time the remote community has been bombarded by fins from above.
In 2004, locals reported fish falling from the sky, and in 1974, a similar incident captured international headlines.
The small white fish are believed to be spangled perch, which are very common through much of northern Australia.
Weather bureau senior forecaster Ashley Patterson said the geological conditions were perfect on Friday for a tornado in the Douglas Daly region.
He said it would have been an ideal weather situation to allow the phenomena to occur – but no tornados have been reported to the authority.
“It’s a very unusual event,” he said.
“With an updraft, (fish and water picked up) could get up high – up to 60,000 or 70,000 feet.
“Or possibly from a tornado over a large water body – but we haven’t had any reports,” he said.
So let me get this straight. The leader of the free world, who is telling us we need his health care reform, smokes cigarettes? Imagine that. Aren’t these the same leftist guerrillas in Congress that made the tobacco industry the bane of society by vilifying them and suing them for medical costs associated with smoking cigarettes?
How in the hell are we to believe in a man that’s too weak emotionally to quit smoking cigarettes? Bob
President Obama‘s doctors hinted Sunday that he still might be sneaking smokes when Michelle and the kids aren’t around to yell at him.
Obama’s routine physical at the Bethesda Naval Medical Center found him in “excellent health” and “fit for duty” but the docs also included a cryptic recommendation that he “continue smoking cessation efforts.”
Obama should continue his “nicotine replacement therapy – self-use (gum or the patch),” the doctor said.
Obama owned up during the 2008 presidential campaign to falling off the wagon occassionally in his effort to quit with the help of nicotine gum.
Obama has also said that First Lady Michelle Obama, and kids Malia and Sasha, have been all over him to break the habit.
The report said his knees sometimes ache and the docs recommended a “lower extemity muscle strengthening program.”
For some retarded kids to randomly deface a statue of the man is a direct attack on America and should be considered a terrorist act. The perpetrators should be treated as terrorists.
If you’re curious if hoodlums would actually spray paint a statue depicting Andy Taylor and his son Opie, the answer is yes.
The statue of Andy Griffith that cable network TV Land put in Mt. Airy, North Carolina, was defaced by vandals over the weekend – Andy’s head was painted green and his body red. Local residents are appalled by the misdeed, puzzled why anyone would do this to something dear to the community.
TV Land, who actually maintains the statue, will be flying someone down shortly to repair the damage. A cash reward is offered by the Mt. Airy police department for information leading to the culprits.
Mt. Airy was the hometown of The Andy Griffith Show, hence the statue being erected there. Similarly, TV Land has also erected statues of Mary Richards in Minneapolis (The Mary Tyler Moore Show), Bob Hartley in Chicago (The Bob Newhart Show), Ralph Kramden in New York (The Honeymooners, The Fonz in Milwaukee (Happy Days), and Samantha Stevens in Salem (Bewitched).