Treasury Thinking The Unthinkable About The Debt Ceiling

Morning reading.

Treasury Thinking The Unthinkable About The Debt Ceiling - MarketWatch

House GOP Itching For Fight On Debt, Seriously Considers U.S. Default To Force Cuts

Freshman Lawmaker Threatens To Impeach Obama Over Gun Rights

Hedge-Fund Leverage Rises To Highest Level Since 2004

Western Governments May Soon Borrow In Chinese Renminbi As Reserve Currency

New Data Show 1 In 4 Children On Food Stamps In FY 2011

Trader Who TRASHED JPMorgan Ready To Unwind Derivatives - Bloomberg

$8.5B Foreclosure Settlement: Another Loss for Homeowners Touted As Victory

Dell Said To Be In Buyout Talks With Private-Equity Firms, Stock Spikes

Stevie Cohen's SAC Capital Raises Bonuses Amid Insider Trading Probe

The Rise And Fall Of Cantor Fitzgerald

Gold Forecasters Split On Outlook For Bull Market Advance - Bloomberg

Spain's Bankia Is WORTHLESS Says New Report - Actually Has Negative Value

Obama Cabinet: Eric Holder And Kathleen Sebelius Staying For Second Term

BBC News - German Defense Firm Demos Laser That Can Shoot Down Drones

KBR, Guilty In Iraq Negligence, Wants Taxpayers To Foot The Bill

MYSTERY - Strange Photos Surface Of Former FBI Agent Missing In Iran Since 2007

Brazilian Bikini Waxes Make Crab Lice Endangered Species

COPS: Lottery Winner Murdered By Cyanide Poisoning Day After Collecting $1 Million

Everglades Become Popular Dumping Grounds For Unwanted Dogs, Horses

Chart - It's the spending, stupid!

Chart - Ten Years And Ten Increases To The Debt Ceiling

Comments

[DailyBail]

Tim Geithner Says The United States Is Insolvent

http://dailybail.com/home/tim-geithner-says-the-united-states-is-insolvent.html

Flashback...

[DailyBail]

http://dailybail.com/home/an-open-letter-from-judge-andrew-napolitano-to-house-speaker.html

Mr. Speaker, you have the opportunity to do something that no standard bearer of small government has ever been able to do in our modern era; get the government to live within its means. You can do it by standing firm with your colleagues in the Congress who are leading the call for change. You can stop it. You can force the Federal Government to make the difficult decisions to bring itself within its means and begin to loosen the chains of debt that have been foisted on our country by a centuries worth of progressive big-government architects. End it this summer, Mr. Speaker. Stop it. Tell the President, "not a penny more." Stand up for the American people, bring government within its means, and begin the restoration of our republic.

Mr. Speaker, don't let us down.

-Judge Andrew P. Napolitano

[DailyBail]

(Reuters) - A federal judge grudgingly approved Morgan Stanley's $4.8 million settlement of electricity price-fixing charges over activity estimated to have cost New York consumers about $300 million, turning aside claims by a major nonprofit that the accord let the bank off too easily.

http://www.reuters.com/article/2012/08/07/us-morganstanley-keyspan-antitrust-rulin-idUSBRE87613720120807

Story is from August. I missed it somehow.

[DailyBail]

During a press conference today, Governor Bob McDonnell laid out a new plan that would eliminate the gas tax but increase the sales tax. He wants to raise the state sales tax from 5% to 5.8% percent and wants to put the money into transportation.

He said he’d do away with the 17.5 cent gas tax.

Virginia would become the first state without a gas tax.

http://wtkr.com/2013/01/08/governor-lays-out-plan-to-eliminate-gas-tax-increase-sales-tax/

[DailyBail]

First Antibiotic-Resistant Gonorrhea Cases Detected in North America...

http://www.usnews.com/news/articles/2013/01/08/first-antibiotic-resistant-gonorrhea-cases-detected-in-north-america

[DailyBail]

Trailer pulled for reality show starring rapper who fathered 11 children by 10 women

http://www.dailymail.co.uk/femail/article-2258584/A-new-TV-low-Reality-starring-rapper-fathered-11-children-women-branded-attack-African-American-families-trailer-pulled-YouTube.html

[DailyBail]

UPDATE: Court voids marriage between 90-year-old Saudi man, teenage girl...

http://www.myfoxorlando.com/story/20542849/court-voids-marriage-between-90-year-old-saudi-man-and-teenage-girl

[John]

More on the rise and fall of Cantor...

http://www.princeton.edu/~achaney/tmve/wiki100k/docs/Cantor_Fitzgerald.html

[snip]

CantorCO2e environmental brokerage

CantorCO2e, a subsidiary of Cantor, are brokers of carbon dioxide (CO2) emissions allowances and reduction credits under the Kyoto Protocol and EU Emission Trading Scheme legislation. CantorCO2e is also active domestically in the US in markets concerned with NOx, SOx, VOC, PM10, CO, and global warming issues and brokerage services related to greenhouse gases, renewable energy, and emissions offsets, and other environmental products.