Market Bugle has an excerpt from the latest Early Warning Report written by Richard Maybury.
Market Bugle has an excerpt from the latest Early Warning Report written by Richard Maybury.
Dwight Jaynes, who was one of the Portland Tribune’s first employees, and who most recently served as the editor, is no longer at the newspaper.
Under his watch, the paper won kudos for its reporting and for its Web site that the paper touts as offering “daily” coverage. However the praise has yet to translate into substantial ad sales. The paper’s weekly page count typically ranges between 24 and 32 pages.
Maybe, Dwight would rather float on the water than finish life like his friend Brian Meehan (see Jaynes recollection of his friend). I for one will miss both men’s weekly comments on the Portland sport scene.
On July 21st I wrote Mervynâ€™s Headed Down A Bad Road. Yesterday, Mervyn”s filed for Chapter 11 bankruptcy “… citing “the state of the economy and difficult operating environment for our industry.” Sharon Simonson in the Phoenix Business Journal wrote,
Sun Capital and the other private equity partners acquired the Mervyns chain from Target Corp. in 2004 for $1.2 billion, putting up about $400 million in equity and financing the rest.
The deal was set up as two separate transactions — one for the retailer and a second one for the its real estate. In a bankruptcy of the store side of the deal, the real-estate arm would become a creditor.
Through a series of sales and leases, the buyers have reportedly more than doubled their money on the real-estate investment.
UPDATE: Mervyn’s received approval to “keep honoring policies on refunds and other customer returns, and to let customers pay with gift cards.”
KPTV 12 is reporting Ex-Rose Princess Arrested In Shoplifting Case
A former Rose Festival princess was cited along with two teens after a shoplifting spree of more than $6,000 in merchandise, police said.
Mercedes Raisa White Calf, 19, was Jefferson High School’s 2007 Rose princess and is now attending University of Oregon.
Our weekly podcast — vlog on illegal immigration and border security. In this weeks edition…
Our coverage of the rally against the enforcement of our immigration laws in Postville Iowa. Extra special thanks to those who helped fund the trip, thanks!
This has been the Blogs For Borders Video Blogburst. The Blogs For Borders Blogroll is dedicated to American sovereignty, border security and a sane immigration policy. If youâ€™d like to join find out how right here.
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map 1.5 2008/07/25 16:14:38 45.111N 120.946W 19.2 13 km ( 8 mi) ESE of Maupin, OR
map 1.6 2008/07/25 13:14:30 42.285N 122.060W 8.5 24 km (15 mi) WNW of Klamath Falls, OR
In the early 1800’s Congress was considering a bill to appropriate tax dollars for the widow of a distinguished naval officer. Several beautiful speeches had been made in support of this bill. It seemed that everyone in the House favored it. The Speaker of the House was just about to put the question to a vote, when Davy Crockett, famous frontiersman and then Congressman from Tennessee, rose to his feet.
â€œMr. Speaker, I have as much respect for the memory of the deceased and as much sympathy for the suffering of the living as any man in this House, but we must not permit our respect for the dead or our sympathy for a part of the living to lead us into an act of injustice to the balance of the living. I will not go into an argument to prove that Congress has no power to appropriate this money as an act of charity. Every member upon this floor knows it. We have the right, as individuals to give away as much of our own money as we please in charity, but as members of Congress we have no right to so appropriate a dollar of the public money. Some eloquent appeals have been made to us upon the ground that it is a debt due the deceased. Sir, this is no debt. We cannot without the grossest corruption, appropriate this money as the payment of a debt. We have not the semblance of authority to appropriate it as a charity. I cannot vote for this bill, but I will give one week’s pay, and if every member of Congress will do the same, it will amount to more than the bill asks.â€
There was silence on the floor of the House as Crockett took his seat. When the bill was put to a vote, instead of passing unanimously as had been expected, it received only a few votes. The next day a friend approached Crockett and asked why he spoken against a bill for such a worthy cause. In reply, Crockett related the following story:
Just a few years before, he had voted to spend $20,000.00 of public money to help the victims of a terrible fire in Georgetown. When the legislative session was over, Crockett made a trip back home to do some campaigning for his re-election. In his travels he encountered one of his constituents, a man by the name of Horatio Bunce. Mr. Bunce bluntly informed Crockett, â€œI voted for you the last time. I shall not vote for you again.â€
Crockett, feeling he had served his constituents well, was stunned. He inquired as to what he had done to so offend Mr. Bunce. Bunce replied, â€œYou gave a vote last winter which shows that either you have not capacity to understand the Constitution, or that you are wanting in the honesty and firmness to be guided by it. The Constitution, to be worth anything, must be held sacred, and rigidly observed in all its provisions.â€ â€œI take the papers from Washington and read very carefully all the proceedings of Congress. My papers say that last winter you voted for a bill to appropriate $20,000.00 to some sufferers by a fire. Well, Colonel, where do you find in the Constitution any authority to give away public money in charity? No Colonel, Congress has no right to give charity. Individual members may give as much of their own money as they please, but they have no right to touch a dollar of the public money for that purpose.â€
â€œThe people have delegated to Congress, by the Constitution, the power to do certain things. To do these, it is authorized to collect and pay moneys, and for nothing else. Everything beyond this is usurpation, and a violation of the Constitution. You have violated the Constitution in what I consider to be a vital point. It is a precedent fraught with danger to the country, for when Congress once begins to stretch its power beyond the limits of the Constitution, there is no limit to it, and no security for the People.â€
â€œI could not answer him,â€ said Crockett. â€œI was so fully convinced that he was right.â€ I said to him, â€œWell, my friend, you hit the nail upon the head when you said I had not sense enough to understand the Constitution. If you will forgive me and vote for me again, if I ever vote for another nconstitutional law, I wish I may be shot.â€
After finishing the story, Crockett said, â€œNow sir, you know why I made that speech yesterday. There is one thing now to which I will call your attention. You remember that I proposed to give a weeks pay? There are in that House many very wealthy men, men who think nothing of spending a weeks pay, or a dozen of them, for a dinner or a wine party when they have something to accomplish by it. Some of these same men made beautiful speeches upon the debt of gratitude which the country owed the deceased, yet not one of them responded to my proposition. Money with them is nothing but trash when it is to come out of the people. But it is the one great thing for which most of them are striving, and many of them sacrifice honor, integrity, and justice to obtain it.â€
Congress has changed for the worst since Davy Crockett!
Davy Crockett Public Money early 1800’s Congress The Constitution Mover Mike
Yesterday, I urged you to Watch The Video! Sign The Petition! Urge Congress not to bail out the housing industry that would obligate we taxpayers to a new $5 Trillion of debt. The NY Times just reported that we failed!
The U.S. Senate has passed the bill by a vote of 72 to 13 that grants “the Treasury Department broad authority to safeguard the nationâ€™s two mortgage finance giants, Fannie Mae and Freddie Mac, potentially by spending tens of billions in federal money to prevent the collapse of the companies, which own or guarantee nearly half of the nationâ€™s $12 trillion in mortgages.”
The bill raises the national debt ceiling to $10.6 trillion, an increase of $800 billion!
â€œWe are in the midst of the most serious economic crisis to face our nation in many years,â€ said Senator Christopher J. Dodd, Democrat of Connecticut who just a week ago said both companies were not insolvent.
Representative Jeff Flake, Republican of Arizona, said during debate in the House on Wednesday. â€œWe are pretending to chain a monster here and we are, instead, letting that monster loose.â€
Once again I ask, who gave these guys the authority to spend any amount of money to bail out this fiasco?
First it was Gov. Eliot Spitzer, actively pursuing corporate white-collar crime, that was caught with Ashley Dupre, high priced hooker, and had to fess up to his beautiful wife and stunned New Yorkers.
Now we have T.J Earle, New Jersey road-paving mogul, whose company touts “its commitment to ‘values’ and ‘integrity” “, having to fess up to his beautiful wife that he had a tryst with Ashley Dupre, high priced hooker.
Alisa Earle, wife of Tom Earle (left) – who was caught earlier this week in an affair with Spitzer hooker Ashley Dupre, dons an outfit remarkably similar to the one Dupre was wearing when she was seen with Tom.
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