The daughter of a pastor is in critical condition after being accidentally shot in the back of the head at a church in Florida.
Pastor Tim Kelley announced on Grace Connection Church's Facebook page on Sunday that the prognosis for his daughter, 20-year-old Hannah Grace Kelley, was not good.
"Please pray the swelling to goes down in her brain," he wrote. read more
Warren Buffett's upcoming letter to Berkshire Hathaway shareholders will advise them against buying gold, according to an advance excerpt shared with Fortune magazine. "What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As "bandwagon" investors join any party, they create their own truth -- for a while. read more
House Majority Leader Eric Cantor (R-VA) faced criticism on Wednesday for introducing a version of the STOCK Act which many said had severely weakened the legislation.
"Rep. Cantor has opposed the STOCK Act from the start and his bill reflects that," said Melanie Sloan, Executive Director of Citizens for Responsibility and Ethics in Washington (CREW). "The majority leader is talking out of both sides of his mouth. He is trying to take credit for finally responding to an issue that has outraged Americans, while behind closed doors he has taken the side of Wall Street and neutered the tough Senate bill."
In a rare showing of bipartisanship, the Senate voted 93 to 3 last week to approve the STOCK Act. read more
Everybody on Wall Street is talking about the new piece by New York magazine's Gabriel Sherman, entitled "The End of Wall Street as They Knew It."
The article argues that Barack Obama killed everything that was joyful about the banking industry through his suffocating Dodd-Frank reform bill, which forced banks to strip themselves of "the pistons that powered their profits: leverage and proprietary trading."
Having to say goodbye to excess borrowing and casino gambling, the argument goes, has cut into banking profits, leading to lower bonuses and more extreme decisions like Morgan Stanley's recent dictum capping cash bonuses at $125,000.
On Wall Street, bonus season is a sacred ritual. It is the annual rite where net worth and self-worth get elegantly reduced to a single number. During the 25-year boom that abruptly ended in 2008, the only principle that really mattered come bonus time was how you ranked against the guys to your right and left. The system was governed by a kind of atavistic justice: You eat what you kill. From the outside, the seven- and eight-figure payouts that star bankers earned could seem obscene, immoral even. But on the inside, the outlandish compensation reflected a strict, almost moral logic. read more
Fuck off, you sick bastard.
#2 | Posted by justanoversight at 2012-02-13 04:58 PM
Good. Good. Let the butthurt flow through you.