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Microsoft Uses Loopholes To Pay Just 7% Corporate Tax, Cantor Is Hedge Fund's Best Man In Congress, Obamacare Reaches Supreme Court, Bad News For Global Warming Alarmists, The Debt-Interest Road To Hell (LINKS)

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Reader Comments (8)

Ford currently building three factories in Chongqing as part of $1.6 billion investment that also includes another plant in Nanchang

Jul 28, 2011 at 6:57 PM | Registered CommenterDailyBail
I prefer my global warming science NOT to come from creationists. Something about the whole failing at knowing what science is part... plus, the Heartland Institute? So we also have a confirmation bias problem. Wake me when someone who isn't finding what they're looking for has a paper out.
Jul 28, 2011 at 10:47 PM | Unregistered CommenterETM
@ETM, you may want to take a look at this paper. It was written by an Economist and Nobel Nominee about a decade ago. This is ground zero for the AGW crew. It is thoeretical and assigns values to damage caused by AGW. We all know what happened next.
Jul 28, 2011 at 11:15 PM | Unregistered Commenterjohn
Jul 28, 2011 at 11:27 PM | Unregistered Commenterjohn
Money Prepaid Access Products Regulation Upped



Bank Secrecy Act Regulations--Definitions and Other Regulations
Relating to Prepaid Access

AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Treasury.

ACTION: Final rule.
Jul 29, 2011 at 9:08 AM | Unregistered Commenterjohn
Corporate Crime, Russia, Peter Orszag and Getting Away with Murder



Case in point: former Office of Management and Budget Director Peter Orszag.

Rosner said that the Orszag case is “one that I find most offensive.”

“It’s not on the level of Timothy Geithner or Hank Paulson, but it’s troubling,” Rosner said.

“Peter Orszag was co-author of a study paid for by Fannie Mae back in 2000 or 2001,” Rosner said. “It argued that Fannie and Freddie are incredibly safe and sound, that the stress test that was going to be employed by the regulator insured their safety and soundness. And that there was something like a one in 500,000 chance that they would end up imperiled. And even if that happened, the cost to the taxpayers would be a few million dollars. That’s pretty much what the paper said.”

“Orszag ends up as the head of OMB. And when the government takes Fannie and Freddie into conservatorship, he says – there is about a five percent chance that the government could be on the hook for more than $100 billion. Wrong again. No one calls him out.”

“Orszag is now the vice chairman at Citibank. I noticed the other day he put out an op-ed on Bloomberg which was clearly positioned to support his current institution. And nowhere does it say that he had anything to do with the government, the GSEs. And that’s just the way Washington works.”

“He obviously was in that position to add three zeros to his income on the other side,” Rosner said. “It’s not about public service. It’s about self service.”

Morgenson lamented the lack of criminal prosecution.
Jul 29, 2011 at 10:39 AM | Unregistered Commenterjohn
Great link on Orszag. Thanks john.
Jul 29, 2011 at 3:34 PM | Registered CommenterDailyBail

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