The FTSE CNBC Asia 100 Index, which measures markets across Asia, shed 1.8 percent.bJapan’s Nikkei average shed 1.9 percent at the open to 8,278.65, while the broader Topix shed 1.9 percent to 695.67. -CNBC
Daily Archives: 06/03/2012
The Dem Primary in New Jersey’s Ninth Congressional District between Congressmen Steve Rothman and Bill Pascrell, presents a major dilemma for the approximately two thousand Jews that can vote in Tuesday’s election: Should they vote for Bill Pascrell whose recent poster boasts him to be a friends of the Arabs, or should Jews vote for Steve Rothman who is Jewish and backed by Obama, the same Obama that is seen by many Jews as more pro Arabs on the expense of Israel.
Congresswoman Nydia Velazquez picked up endorsements from three top state Democrats — Senator Charles Schumer, Assembly Speaker Sheldon Silver, and Congressman Jerrold Nadler — in her bid for re-election in Midtown on Sunday. The three powerful lawmakers endorsed Velazquez in Sunday morning. Velazquez is running to represent the newly formed 7th congressional district, which covers parts of Brooklyn, Manhattan and Queens and was redrawn as a result of redistricting. – NY1
TJW Reports: To hear Julius Kassar describe it, the Jewish vote in Ohio could prove pivotal in order for Romney to capture this state and perhaps even the presidency. Kassar, a conservative Republican who serves on the executive committee of the Liberty Alliance of Cincinnati (previously known as the Tea Party), noted that when George W. Bush was elected in 2004, he won by 118,599 votes.
Drinking a cup of coffee in the social hall of the Losantiville Country Club, he says that with Bush winning by such a small margin, “it is very possible that the Orthodox Jewish community — which normally votes Republican — along with other Republican Jews substantially helped push Bush over the top. I can’t see any reason why Jews who voted Republican at that time would change their vote now.”
Hikind PR Via VIN News: “Ed Towns has either gone mad or this is a belated April Fools joke in terrible taste,” said Hikind. “Our communities have stood with Ed through thick and thin and now he destroys his legacy by endorsing someone who is as radical as they come? Someone who hates Whites? It’s a shock and an embarrassment. I’ve always considered Ed Towns a friend and now he stabs us in the back.”
Hikind pointed to Barron’s statement that he’d like to slap the nearest white person an example of what Towns is inviting into Congress. “Barron wrote an editorial praising Muammar Gaddafi. He won’t salute the American flag. The list goes on and on. This is the type of person Ed Towns wants as a lawmaker? It’s either a bad joke or its insanity.”
When Romney came into office in 2003, MA was number 51 (after DC) in job growth. When he left office four years later MA was number 30 in growth. But the way Democrats want you to see it, is to look at the four-year average before Romney came into office, vs. his four year average in office. With this “average” count, MA went from 36’th in the nation in terms of job growth to 47’Th.
Using the “Average” game, we see that the unemployment rate for the four years before Obama became President was 5%, but the four (em, three and a half) years average under Obama is 9%.
BTW, for all of 2008, the “disastrous” Bush year, the UR was on average 5.8%. Goes to show how “bad” the year was overall despite the mess in its final months.
The Daily Beast Reports: In an accident of redistricting following the 2010 Census, two popular Democratic congressmen with 44 years’ combined tenure are locked in a bitter fight to see who’ll be elected in the new 30th Congressional District. Brad Sherman and Howard Berman, both Jewish, share similar voting records and even serve together on the House Foreign Affairs Committee. But the Sherman-Berman race in the Valley is beginning to look like the History Channel’s wildly popular “Hatfields & McCoys”—a harsh feud of survival fought not with sixguns, but near daily charges and counter-charges and millions of dollars in full-color mailers and TV ads.
“This is nuclear war,” says University of Southern California political scientist Sherry Bebitch Jeffe. “You won’t see a congressional campaign that costs more or gets any nastier.”
U.K. Guardian Reports: Obama has presided over a massive expansion of secret surveillance of American citizens by the National Security Agency. He has launched a ferocious and unprecedented crackdown on whistleblowers. He has made more government documents classified than any previous president. He has broken his promise to close down the controversial Guantánamo Bay prison and pressed on with prosecutions via secretive military tribunals, rather than civilian courts. He has preserved CIA renditions. He has tried to grab broad new powers on what defines a terrorist or a terrorist supporter and what can be done with them, often without recourse to legal process.
Reuters Via CNBC: Iran’s ruling cleric, Ayatollah Ali Khamenei, on Sunday accused the United States and its allies of lying about the threat of a nuclear Iran to cover up their own problems, state television reported.
In a televised address marking the 23rd anniversary of the death of Ruhollah Khomeini, the founder of the Islamic Republic, Khameini also warned Israel against any attack on Iran, saying it would receive a “thunderous blow”.
Here are the raw numbers of the auto industry bailout as of Wednesday May 30 2012:
$79.69 billion was directly outlaid by the government.
$35.18 billion was already returned.
$37.14 is still outstanding.
$7.37 billion was written off as a loss.
$45 billion was a special tax subsidy (aside from the direct bailout) that GM got; a perk that no other firms benefits after filing for bankruptcy.
Add up the written-off money; the outstanding funds and the special subsidy, and tax payers are down by $89.51 billion on the Auto Industry Bailout.
AP Via CNBC: A plunge in oil prices has knocked more than 30 cents off the price of a gallon of gas in most parts of the U.S. since early April. The national average is now $3.59. Experts predict further declines in the next few weeks. If Americans spend less filling their tanks, they’ll have more money for discretionary purchases. The downside? Lower oil and gas prices are symptoms of weakening economic conditions in the U.S. and around the globe.