Doing for oil what they did for homes. Hard as it may be to believe, but Morgan Stanley and Citigroup have taken some of the no strings billions they got from Bush, Croinies & Company and used $80,000,000 of it to speculate on oil prices. Doing as well here as they did with mortgages, the price of oil, of course, has continued to go down. So to store the oil, they have hired a supertanker at $68,000 a day to sit in the Gulf of Mexico waiting for prices to go up. Read the full story.
Obama shoots down Citigroup’s new $50 million jet. There’s no end to the hubris. Upon hearing of Citigroup purchasing a $50 million corporate jet from France with some of the $45 billion they got from TARP, officials of the Obama administration intervened and the jet was cancelled. All hail competent government. Read the full story.
4,600 kids sick with MRSA and we just now found out. A study just released that studied pediatric infections from 2001-2006 shows a dramatic increase that were the aggressive community Methicillin-Resistant Staphylococcus Aureus (MRSA) going from 12% in 2001 to 28% in 2006. We are just going to have to get our doctors to start washing their hands. Read the full story.
The economy is now so bad that the Pentagon met recruiting goals. The Army, the Navy, the Marine Corps and the Air Force all met their recruiting for December. How else are young people going to make a “living.” Read the full story.
Court stops Utah oil and gas leases. The Bushes held a surprise auction on December 19th as a last minute gift to the energy industry by attempting to sell the drilling rights to 110,000 acres of pristine land abutting the Dinosaur National Monument, Arches National Park and Canyonlands National Park. On the Saturday before the inauguration, US District Court Judge Ricardo Urbina intervened telling the Bush administration not to cash the checks putting the fate of the land in the hands of the Obama administration who had objected to the sale. Read the full story.