Thursday, June 2, 2011
Villaraigosa’s Transit Legacy..................
What is TIFIA? This fey-sounding acronym for the 1998 Transportation Infrastructure Finance and Innovation Act may be your ticket to a wheezing, convoluted federal lending vehicle designed in large part to help Los Angeles Mayor Antonio Villaraigosa name a major project after himself.Link
‘Handcuffed by policy,’.........Lame.
An apparently suicidal man waded into San Francisco Bay on Monday, stood up to his neck, and waited. As the man drowned, police, fire crews, and others watched idly from the shore.Link
College is a scam.......................
NEW YORK (MarketWatch) — We can’t deny it anymore: College is a scam and a bubble — and the reasons why appear below. But I’ll be the first to admit it’s going to take years for that bubble to burst. And while college tuitions are still skyrocketing and student-loan debt is creating a generation of indentured servants, we might as well benefit from it.Link
Wednesday, June 1, 2011
Horror for US Economy as Data Falls off Cliff.
The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London. "It seems that almost every bit of data about the health of the US economy has disappointed expectations recently," said Riddell, in a note sent to CNBC on Wednesday.Link
GOP fears Dennis Kucinich resolution.
Seeking to avoid a showdown over Libya, House GOP leaders pulled back from a floor vote on a resolution by Rep. Dennis Kucinich (D-Ohio) that would bar U.S. involvement in the NATO-led campaign to topple Muammar Qadhafi.Link
The House refuses.
The House overwhelmingly refused to raise the nation's borrowing ability Tuesday — a largely symbolic vote designed to bolster Republican arguments that a successful measure must include deep spending cuts and sweeping policy revisions.Link
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