Despite all the talk of fixing it, California’s budget is still a mess. One of those “fixes” was implemented last summer when the state Legislature increased revenue projections by $4 billion to avoid balancing the budget. Of course, the problem
OBAMA: It’s finally happened. O’Reilly’s obtained copies of my college records and interviewed an old weed buddy. The wingnuts will have an orgasm when they learn I took a course at Occidental called “Bongs Through the Ages.” JAY CARNEY: The
According to the Institute for Truth in Accounting (IFTA), Connecticut has been identified as the top financial “sinkhole” state in the nation. IFTA, a nonpartisan and nonprofit organization that works for greater accounting transparency across all levels of government and
Somebody missed the boat. But when you’re so full of your own arrogance and assume no one would dare leave port without you, those things tend to happen. While MSNBC, CBS News, “Daily Beast/Newsweek” and others have done superb work
With details now erupting on Capitol Hill about Sen. John Kerry’s (D-MA) questionable investments, a curious question lingers: why did it take a Tallahassee-based think tank wonk to uncover a former presidential candidate’s aggressive trading of pharmaceutical stock during both
BigGovernment.com has obtained records of Massachusetts Democrat Senator John Kerry and his wife Teresa Heinz’s stock portfolios that show almost perfectly timed pharmaceutical stock trades during the Obamacare debate, which fattened their already enormous personal fortune. The documents further support
When Scott Brown upset the Massachusetts Democratic establishment by winning the Senate seat held by Ted Kennedy for a generation, he ran as a Republican. This cycle, facing the “founder” of the Occupy Wall Street movement, Elizabeth Warren, he appears
It would be a great tragedy if a super tax hike came out of a supercommittee compromise deal. It would do great harm to the economy — just as much harm as President Obama’s various tax-hike threats. And on the
Citizens of Alabama’s 6th congressional district, represented by Republican Spencer Bachus, made their voices heard today when they brought megaphones, signs and opinions to his district office. Many constituents are upset by information released in the new book Throw Them
[youtube uIKIg6w4SNc] In an interview at The Heritage Foundation, Texas Senator John Cornyn had strong words for President Obama. “Unfortunately the President is already out complaining trying to channel Harry Truman, railing against a “Do Nothing Congress”, when he has
Sen. Kirsten Gillibrand (D-NY) calls on the Senate to finally make insider trading illegal so elected officials can’t get rich off the privileged information they receive as congressmen.
Democrats, Republicans, and Independents are uniting to put a stop to insider trading in Congress. Rep. Ron Paul (R-TX), who is rising in Republican presidential polls this week, told Fox News’ Megyn Kelly that insider trading must be punished: [youtube
At least one hit job fell flat this week. From the Senate Committee on Homeland Security and Government Affairs: LIEBERMAN, COLLINS TO HOLD HEARING ON INSIDER TRADING LAWS AND CONGRESS 60 Minutes Story Sparks Examination WASHINGTON – Homeland Security and
Prior to the release of Breitbart editor Peter Schweizer’s blockbuster book, Throw Them All Out, legislative efforts to pass a bill banning insider trading by members of Congress had floundered. But all that is changing–and fast. Congressman Tim Walz (D-MN)
From CBSNews: A bill to stop “insider trading” in Congress is gaining momentum with two new Senate sponsors. Sens. Scott Brown, R-Mass., and Kirsten Gillibrand, D-N.Y., today are introducing the Stop Trading on Congressional Knowledge (STOCK) Act of 2011, which
From BusinessInsider: The fact that many members of Congress appear to have traded on non-public information in their personal brokerage accounts during the financial crisis is outrageous. But since this bombshell news broke on Sunday night, the excuse has been
We are one of the world’s leading brokers in markets for commodities and listed derivatives. We provide access to more than 70 exchanges globally and are a leader by volume on many of the world’s largest derivatives exchanges. We are
Last month, Judicial Watch released documents from the National Labor Relations Board (NLRB) that detailed controversial remarks by NRLB staff related to the agency’s lawsuit against Boeing. The NRLB, you will recall, filed its dubious lawsuit against the Seattle-based company
From Newsweek: One of the more dramatic episodes in the book recounts the trading activity of Republican Rep. Spencer Bachus, of Alabama, who, as the ranking member of the House Financial Services Committee, was privy to sensitive high-level meetings during
This week, Crossroads Grassroots Policy Strategies (Crossroads GPS) targets Massachusetts Senate candidate Elizabeth Warren and her self-professed ties to the #Occupy movement in a new television ad running in the Boston, Springfield-Holyoke, and Providence, RI markets for a total buy
On Wednesday, National Public Radio Education Correspondent Larry Abramson phoned Education Action Group to ask about our activities related to Issue 2 in Ohio, the referendum on the collective bargaining reform that was defeated at the polls Tuesday. Specifically, he
This week’s defeat of Ohio Senate Bill 5 is just a preview of what can be expected during the 2012 elections, as Ohio voters rejected public union limits. Big Labor, realizing that it had to protect its public unions, showed
From CBS News: Martha Stewart went to jail for it. Hedge fund honcho Raj Rajaratnam was fined $92 million and will go to jail for years for it. But members of Congress can do the same thing -use non-public information
From CNBC: As many as a dozen members of Congress and their aides took part in insider trading based on foreknowledge of market moving information on Capitol Hill, disgraced Washington lobbyist Jack Abramoff told CNBC in an interview. Abramoff, who
[audio: http://newledger.com/podcasts/CoffeeandMarkets111111.mp3] Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss Rick Perry’s resurgence after his debate stumble this week, the new leaders
