Drudge Retort: The Other Side of the News

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Tuesday, August 23, 2016

The greatest missing persons mystery in American history is not D.B. Cooper or Joseph Force Crater or even the Roanoke Island colony.

No, the greatest missing persons mystery in American history happened sometime between the end of 2008 and the beginning of 2009 when somewhere between 15 and 30 million Republicans all quietly vanished without a trace.

Friday, August 19, 2016

▪ The state lost 5,600 jobs from June to July.
▪ The unemployment rate jumped to 4.1 percent from 3.8 percent in June.
▪ Over the last year, Kansas has actually shed 4,500 jobs.
▪ The Sunflower State's "growth" rate over that 12 months is a minus 0.3 percent -- 5th worst in the nation. Only Wyoming, North Dakota, Louisiana and Oklahoma were behind Kansas.
▪ Kansas had employment of 1,395,700 in July 2016 -- or a stunning 600 fewer jobs than when Brownback's second term started way back in January 2015.
▪ Finally, Kansas is nowhere close to adding the 2,000 jobs a month that Brownback had pledged during his re-election campaign in 2014. read more

Wednesday, July 27, 2016

In a series of tweets, Valenti lamented the daily barrage of attacks and threats online by people who are threatened by feminism, while also slamming law enforcement for not taking online threats seriously.

She also hammered social media companies who did little to police vicious and threatening commenters. read more

Wednesday, June 22, 2016

A man there had to have his leg amputated after contracting the unidentified virus. It's now the second case this year, after the city saw eight in 2015. read more

Wednesday, June 15, 2016

GOP stole the House with old trick in a brilliant modern form.
In the past, gerrymandering had been an incumbent protection racket, a means of mischief, something that both parties did. What the Republicans did in 2010 and 2011–helped along by Citizens United, a brilliant plan, and technological advances that made map-making amazingly precise–turned gerrymandering into a blunt-force weapon for partisan control.


Like his dad, Junior struck out in Texas and founded an oil company, Arbusto Energy, Inc., with $20,000 of his own money. (Arbusto is the Spanish word for bush.) The company foundered in the early 1980s when oil prices dropped (and his dad was Vice President.)
The 50 investors, who were "mainly friends of my uncle" in Junior's own words, put in $4.7 million and lost most of it. Junior claims that investors "did pretty good," but Bush family friend Russell Reynolds told the Dallas Morning News: "The bottom line was there were problems, and it didn't work out very well. I think we got maybe 20 cents on the dollar."

As Arbusto neared collapse, Spectrum 7 Energy Corporation bought it in September 1984. Despite his poor track record, the owners made Bush, Jr. the president and gave him 13.6% of the parent company's stock.

Spectrum 7 was a small oil firm owned by two staunch Reagan/Bush Sr. supporters -- William DeWitt and Mercer Reynolds. These two were also owners of the Texas Rangers and allowed Bush Jr. to purchase a chunk of the team cheaply; he later sold it for over 24 times what he paid.

Within two years of purchasing Arbusto and making Bush Jr. president, Spectrum 7 was itself in trouble; it lost $400,000 in its last 6 months of operation. That ended in 1986, when Harken Energy Corporation bought Spectrum 7's 180-well operation.

Junior got $227,000 worth of Harken stock, and a lot more. He was named to the board of directors, made $80,000 to $100,000 a year well into the 1990s as a "consultant" to Harken, and was allowed to buy Harken stock at 40% below face value.

He also borrowed $180,375 from Harken at very low rates; the company's 1989 and 1990 SEC filings said it "forgave" $341,000 in loans to unspecified executives.

So what did Junior do for all this money? It's hard to say exactly, but things happened for Harken after Junior came on board:
it got a $25 million stock offering from an unusual bank with CIA ties,
it won a surprise exclusive drilling contract with Bahrain, a small Mideast country, and
an Arab member of its Board of Directors was invited to White House policy meetings with President George Bush and National Security Adviser Brent Scowcroft.

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