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Ted Kennedy R.I.P.

Chappaquiddick

They have special rules in the Senate for drunks and for mortgages of Chris Dodd and Rinos like John McCain who claim to be pure.

Obama Will Restrict U.S. Visas In Honduras

The U.S. Government keeps ratcheting-up the pressure on Honduras to accept back Zelaya as president.  Zelaya who tried to subvert the Honduran Constitution was ousted by the Supreme court and his own party.  The military was called in to escort him from the country and our government calls that a coup.

Now, the Obama administration “will temporarily restrict issuing U.S. visas in Honduras, raising pressure on the government that took power after a June 28 coup (according to the Washington Post) to step down.

The State Department, which has repeatedly condemned the military coup that ousted President Manuel Zelaya, said that from Wednesday it would only provide visa services to potential immigrants and emergency cases at its embassy in Tegucigalpa.”

It wasn’t a coup and Obama finds himself on the same side vis a vis Honduras as Hugo Chavez and Fidel Castro.

The de facto government, which has resisted pressure from Western hemisphere governments and international bodies to reinstate Zelaya, vowed on Tuesday to stick to a plan to hold a presidential election in November, even if other countries don’t recognize the result.

“There will be elections whether they are recognized or not,” the country’s caretaker leader Roberto Micheletti told foreign ministers from the region on a visit with Organization of American States chief Jose Miguel Insulza.

Hang in there Honduras.  Maybe, Americans will tell Obama to back off!

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Mike Landfair

Appointment Watch: Carrion and Jones

Reprint from Americans for Limited Government (ALG):

The mainstream media continue to ignore President Obama’s appointment of bizarre personnel to run the government. Personnel is policy. That being the case the American people need to know about these appointments. This week we look another couple of Obama appointees. These are not isolated incidents or an occasional bad apple. These folks are representative of the appointments he is making with little or no push back from the Senate during the confirmation process.

Adolfo Carrion, White House, Director of Urban Affairs

  • Carrion is under investigation because of work done on his house by a contractor that needed his assistance in a zoning issue. The contractor received the zoning change it needed and Carrion paid less than half the cost of the estimate for the work on his house.
  • Even the left-leaning Committee for Responsibility and Ethics blasted Carrion saying, “If the era of pay-to-play politics is over, Adolfo Carrion didn’t get the message.”
  • Carrion spent more than $50,000 of his contributor’s money on a party for himself after he was named to his current position.
  • Carrion’s appointment was announced on February 19, 2009. His position does not require Senate confirmation.

Van Jones, White House, Special Advisor, Council on Environmental Quality

  • Jones is another appointee who sees racial issues in everything.
  • Jones blames Bush for causing Hurricane Katrina (the hurricane itself) due to his energy policies.
  • Jones’ writings contain so much vitriol that it is evident he doesn’t deserve any appointed position, especially on in the White House.
  • Jones was appointed to his position on March 10, 2009. His position does not require Senate confirmation.

These are just a sample of the people President Obama is placing in positions of power within his Administration. If you want more information on these three and many others, please visit: http://www.getliberty.org/content.asp?pl=187&contentid=187

Next week we will examine two more. Those who are interested in exclusive information before it reaches the public, please contact Don@getliberty.org

Oregon Quakes

map 1.3  2009/08/24 10:57:52 42.734N 122.811W 23.2
14 km ( 9 mi) N   of  Shady Cove, OR

map 1.7  2009/08/23 14:00:59 45.279N 121.727W  2.8
21 km (13 mi) ESE of  Mount Hood Village, OR
map 1.0  2009/08/23 01:43:42 45.298N 121.739W  6.3
19 km (12 mi) ESE of  Mount Hood Village, OR

map 1.0  2009/08/22 23:18:11 45.284N 121.732W  4.1
21 km (13 mi) ESE of  Mount Hood Village, OR

map 2.5  2009/08/20 11:00:01 44.666N 123.847W  0.0
8 km ( 5 mi) SE  of  Siletz, OR


Preseason AP College Football Poll

Here’s the complete AP preseason poll:

1. Florida
2. Texas
3. Oklahoma
4. USC
5. Alabama
6. Ohio State
7. Virginia Tech
8. Mississippi
9. Oklahoma State
9. Penn State
11. LSU
12. California
13. Georgia
14. Boise State
15. Georgia Tech
16. Oregon
17. TCU
18. Florida State
19. Utah
20. Brigham Young
21. North Carolina
22. Iowa
23. Notre Dame
24. Nebraska
25. Kansas

Oregon State is 12 points behind Kansas.  I doubt a win over PSU won’t help.

Let’s compare the preseason poll with the finals in December.

Mexico Decriminalizes Small Drug Amounts

I’ve been a long-term advocate of legalizing drugs. My mantra against the war on drugs is, “If you can’t keep drugs out of prison, you can’t keep them out of the U.S.!” I was happy to see that Mexico is legalizing small drug amounts.

The new law sets out maximum “personal use” amounts for drugs, also including LSD and methamphetamine. People detained with those quantities no longer face criminal prosecution.

Our drug laws are one reason we have so many people in prison or probation or parole. According to Wikipedia:

The United States has the highest documented incarceration rate, and total documented prison population in the world. As of year-end 2007, a record 7.2 million people were behind bars, on probation or on parole. Of the total, 2.3 million were incarcerated. More than 1 in 100 American adults were incarcerated at the start of 2008. The People’s Republic of China ranks second with 1.5 million, while having four times the population, thus having only about 18% of the US incarceration rate.
[…]
…half of all persons incarcerated under state jurisdiction are for non-violent offences, and 20% (in State prisons, whereas Federal prison percentages are higher) are incarcerated for drug offenses

Then we have the money aspect. If drugs were legalized, the profit motive would be taken away. Much political corruption would be gone.

I commend Mexico for its actions

Mexico has emphasized the need to differentiate drug addicts and casual users from the violent traffickers whose turf battles have contributed to the deaths of more than 11,000 people since President Felipe Calderon took office in late 2006

We could emulate this fine example.

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Mike Landfair

Global Warming (and cooling) Is Caused By The Sun!

Scientists at Oregon State University et al. have determined that periodic ice ages are ultimately linked to “…slight shifts in solar radiation caused by predictable changes in Earth’s rotation and axis.”

Did you get that Al Gore?

In a publication to be released Friday in the journal Science, researchers from Oregon State University and other institutions conclude that the known wobbles in Earth’s rotation caused global ice levels to reach their peak about 26,000 years ago, stabilize for 7,000 years and then begin melting 19,000 years ago, eventually bringing to an end the last ice age

So the warming we have experienced the last 19,000 years are due to the sun!

“Solar radiation was the trigger that started the ice melting, that’s now pretty certain,” said Peter Clark, a professor of geosciences at OSU. “There were also changes in atmospheric carbon dioxide levels and ocean circulation, but those happened later and amplified a process that had already begun.”
[…]
Sometime around now, scientists say, the Earth should be changing from a long interglacial period that has lasted the past 10,000 years and shifting back towards conditions that will ultimately lead to another ice age.

Maybe, the scientists are right that man made GHGs are causing warming, BUT just enough to forestall an ice age, which would be devastating to the developed nations. Can you imagine New York, Montreal and Chicago under three miles of ice?

Here’s my axiom: When politicians get around to fixing something, it’s either too late or the problem doesn’t exist anymore. There is one more possbility, that the fix is wrong.

Adam teaches you 17 candlestick formations (new video)

Today’s short video is something quite special.

In many of Adam Hewison’s previous videos he’s looked at charts using Japanese candlestick charts. While this is interesting, he’s never quite explained to you some of the powers behind using Japanese candlestick charts.  I use candlestick charts all the time.  I would never go back to the old way of looking at the market.

So here’s what he’s going to do; watch the video, and he will point out to you some powerful Japanese candlestick formations on Google, Gold and Crude Oil.

MarketClub is making available to you with just a phone call a very special PDF booklet on Japanese candlestick charting. The title of the booklet is “17 Moneymaking Candlestick Formations You Can Use Today”.

So enjoy the video. and  comment below, follow me @movermike and Khrono Stock

Mike Landfair

U.S. Fed Restricts Bank Holding Companies

George Ure at UrbanSurvival points out an oddity this morning.  A fluury flury of agreements between the Federal Reserve and bank holding companies are taking place with no reason given.  Is this a way to thwart a takeover and draining of the FDIC?

Ure lists the following banks WGNB, a bank holding company in Georgia, or Leawood Bancshares of Kansas, or Rogers Bancshares of Arkansas, and Coastal Community Investments of Florida.  I’ve found two others, Crescent Banking Co. of Jasper, Ga. and FCB Financial Inc

WGNB, a publicly traded company with over 6 million shares outstanding and about $900 million in assets, “… is restricted from paying dividends, buying/redeeming shares of its stock or accruing additional debt without prior consent of the Federal Reserve Bank of Atlanta and banking commissioner of Georgia.”  All the banks agreed to the same restrictions.  Crescent Banking is publicly traded with over 5 million shares outstanding with over $1 billion in assets.

It would appear the shareholders are stuck.  They can’t sell on a open market, the company can’t buy the shares and the bank is restricted by the FED.

In another development, I didn;t realize that the FED was involved with CIT Group until I read,

CIT agreed to submit a written plan to the Federal Reserve Bank of New York, outlining how it will maintain sufficient capital both at its Utah-based bank and the bank holding company.

There are a whole list of banks that have signed written agreements with the FED.

CALPERS Walks From KOIN

The Wall Street Journal reports that California Public Employees’ Retirement System (CALPERS) is walking away from its stake in the KOIN building.

The building has been struggling with a rising vacancy rate, brokers said. Last year, the law firm of Ater Wynne LLP moved out of about 50,000 square feet of space in the tower. While estimates vary, Colliers said the building’s office vacancy rate is expected to rise from about 7.9% in the second quarter to the 26% range by about October.

My advice: Do what the Atwater did. Lower the prices and see how fast it fills up.

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Mike Landfair

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