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July 31, 2007

Sex and the City and New York's Bloomberg

Although Mayor Michael Bloomberg has denied having any plans to seek the presidency, he recently left the Republican Party to become an independent and has increased his out-of-state travel,

But new details reported by Yahoo News from a sexual harassment lawsuit he settled in 2000 and other comments over the years could prove to be a liability if he runs for president.

Before his election as mayor in 2001, Bloomberg was the target of a sexual harassment suit by a female executive who accused him of making repeated raunchy sexual comments while he was chief executive of his financial company, Bloomberg LP.

Maybe Bloomberg should go back to being a Democrat as he was before switching parties to run for Mayor since sexcapades, scandals, and crimes are more tolerated by Democrats--as long as they are committed by Democrats.

Robert William "Bob" Packwood, a Republican, was forced to resign from the United States Senate in 1995 after allegations of sexual harassment, abuse, and assault from dozens of women emerged.

President Bill Clinton, a Democrat, plagued by accounts by numerous women, including Paula Jones and Juanita Broadrick, is linked to no less than seven allegations of sexual abuse -- and in several cases even rape--and remains one of the Democratic party's favorite sons, because character doesn't matter..

Democratic Senator Ted Kennedy's drunk driving in the 1969 Chappaquiddick incident caused the death of Mary Jo Kopechne.

U.S. Senate majority leader Trent Lott of Mississippi, in appreciation of Strom Thurmond on the occasion of Senator Thurmond's 100th birthday, ultimately brought attention his poor record on civil rights and associated him with white supremacy and racial segregationism, which caused him to step down from his role as majority leader.

In 1942, 24-year-old Robert Byrd joined the Ku Klux Klan (KKK), and later he was unanimously elected Exalted Cyclops, or leader, of his local chapter. Byrd, a Democrat, is the senior United States Senator from West Virginia. Byrd is President pro tempore of the United States Senate of the 110th United States Congress, a position that puts him third in line to the presidency, behind Vice President Dick Cheney and House Speaker Nancy Pelosi.

Gary Condit, a Democratic California congressman, was revealed to be having an affair with his intern, Chandra Levy, which was alleged may have also led to her murder in 2001. Later news reports stated Condit also had an affair with flight attendant, Anne Marie Smith. Despite the allegations against him, Condit was allowed to keep his seat on the Intelligence Committee, and he did not lose his security clearance.

Republican Mark Foley was a member of the United States Congress who sent sexually explicit emails to an underage page. Foley resigned from Congress on September 29, 2006 after allegations surfaced.

Former Democratic Rep. Gerry Studds admitted having sex with a teenage page, while nobody in the Democratic leadership demanded he resign, nor did he offer to resign.

The New York Times reported on July 20, 1990 that The House Ethics Committee recommended "that Representative Barney Frank receive a formal reprimand from the House for his relationship with a male prostitute"[

Chicago Democratic Congressman Mel Reynolds received a commutation of his six-and-a-half-year federal sentence for 15 convictions of wire fraud, bank fraud and lies to the Federal Election Commission. He also was convicted of having sex with an underage campaign volunteer. Reynolds was among the 176 criminals excused in President Clinton's last-minute pardon spree.

Ah, the sweet smell of hypocrisy.

Alaska Sen. Stevens subject of corruption investigation

On Yahoo News: The FBI and IRS have searched the home of Republican Sen. Ted Stevens in a ski resort in Alaska as part of an investigation into his links with an oil-services company

Stevens is the subject of a grand-jury investigation into his links with managers of VECO Corp., the state's largest oil-services company, as well as numerous unrelated fisheries matters.

In May, Bill Allen, then the chief executive of VECO, along with a vice president, Rick Smith, pleaded guilty to several federal corruption charges.

July 30, 2007

The Dems sound good one sound bite at a time, but add them up? They start sounding like Republicans.

The New York Times is reporting that Congressional Democrats reached tentative agreement Friday night on a major overhaul of lobbying rules that would for the first time require lawmakers to identify lobbyists who assemble multiple donations and turn them over to candidates.

The disclosure of what is known in political circles as bundling would be a central element of the first major changes made in lobbying rules in the aftermath of the Jack Abramoff scandal and other Congressional corruption cases tied to lobbying.

Under the tentative proposal, Congressional contenders and the respective campaign committees would be required to notify the Federal Election Commission once one individual had delivered more than $15,000 in contributions within six months or $30,000 in one year.

But disclosure doesn't mean they won't take the money; for the most part our politicians act with impunity and while Dems claim that this measure is to stop the Abramoffs of the world, did they forget that he gave money to Senator Harry Reid, who has created quite a resume of questionable land deals and associations with the underside of Las Vegas politics and organized crime. It also doesn't mean that Dems won't take lots of money from special interests as the following Times story shows:

June was a busy month for Senator Charles E. Schumer. On the phone, at large parties and small gatherings around the nation, he raised more than $1 million from the booming private equity and hedge fund industries for the Democratic Senatorial Campaign Committee, of which he is chairman.

But there is another way Mr. Schumer has been busy with hedge fund and private equity managers, an important part of his constituency in New York. He has been reassuring them that he will resist an effort led by members of his own party to single out the industry with a plan that would more than double the taxes on the enormous profits reaped by its executives.
Mr. Schumer has considerable say on the issue. In addition to being the third-ranking Democrat in the Senate leadership, he is the only Democrat serving on both of the major committees, Banking and Finance, that have jurisdiction in the matter.

He has long been a pro-business Democrat and a fund-raising machine for the party, as well as a vociferous supporter of Wall Street issues in Washington, much the way Michigan lawmakers defend the auto industry and Iowa politicians work on behalf of corn farmers.

But in the case of the tax proposals, the strategy behind Mr. Schumer's efforts is putting to the test another set of principles he is known for. He has regularly portrayed himself as a progressive politician who identifies with the struggles of the middle class and is sharply critical of the selfish "plutocrats" who he says control the Republican Party.

Sounds to me as if Dems don't need lobbyists when they go directly to businesses and solicit funds while apparently offering up a quid pro quo. And while Schumer claims to be for the middle class but working so hard to protect the exorbitant "earnings" of hedge fund managers, those same middle class constituents better be aware of changes in the tax legislation for next year decided this year by our Democratic Congress affecting the college savings plans of many parents as reported in the Nevada Appeal.

They are finding that their children with unearned income are suddenly being hit up for higher taxes. The Small Business and Work Opportunity Tax Act of 2007 ("2007 Small Business Tax Act") that was passed on May 25 has extended the kiddie tax to those who are 18 years old or who are full-time students under age 24. The expanded kiddie tax rules apply only to dependent children who have income on investments and whose earned income does not exceed one-half the amount of their support. This provision is effective for most families as of Jan. 1, 2008.

This tax change makes custodial accounts a less attractive way to save for college education and other long-term expenses. If you have custodial accounts set up for minors or are thinking of gifting appreciated securities to these accounts, be sure to talk with your tax advisors before year end to determine if you can take advantage of any potential tax benefits for 2007.

I guess "plutocrats" come in Republican and Democratic party flavors Mr. Schumer.

Another corrupt Vegas politician soon to bite the dust?

Steve Miller is reporting in his column at AmericanMafia.com that ex-Las Vegas City Councilman Michael J. McDonald is currently the subject of an IRS tax fraud investigation. A federal grand jury will convene in several weeks to hear the government's case against McDonald. An Indictment is expected soon thereafter.

Steve notes that while McDonald sat on the city council between 1995 and 2003, he was best known for being the pawn of two topless bar owners, and doing the bidding of a shady golf course developer and the local trash collection company. In eight years, he went from a $42,000 per year cop to a multimillionaire real estate developer/business consultant though he never built anything other than his own $1.75 million dollar residence, and his only known consulting job was for a little known topless joint called Pleasures that reportedly paid him $30,000 per month for his "consulting services."

For Steve's full story.

July 29, 2007

U.S. government is worried that people won't know television is going high definition

The government is spending $5 million to let owners know that on Feb. 18, 2009, tens of millions of televisions that are not equipped to receive digital signals will become junk, and they have also committed $1.5 billion for viewers to spend on converter boxes that will translate digital signals for older televisions.

Just so the government knows--although I doubt any of the 513,000 elected officials in this country is paying attention to me (Geez...isn't that about one out of every 500 people including children and dead Democratic voters; add in a few million appointed and hired and bribed government officials and sycophants and it's no wonder we don't produce anything except regulations--almost everyone is working for the government, even thousands of illegal aliens.), my TV is already junk, but it is because of the absolutely mindless programming available. My TV remains off except for an occasional showing of NOVA, and when I want to watch DVD's, which invariably are film noir or comedies of the '40's and 50's. Throw in a few music performances and a thousand good books and I can easily survive 2009; I won't even notice when the signal goes dead. That's my "reality show."

July 28, 2007

House passes farm bill that smells of pork

The Democratic-controlled House passed legislation Friday that combines billions in aid to farmers with funds for low-income nutrition programs, defying a veto threat from President Bush over the bill's largesse to crop producers.

The measure, which was passed on a 231-191 vote, devotes more money to conservation, renewable energy, nutrition and specialty crop programs than in the past but leaves in place -- and in some cases increases -- subsidies to producers of major crops such as corn and soybeans at a time of record-high prices.

It reflected a delicate straddle for Democrats writing their first farm bill in a decade, who struggled to balance the needs of first-term, farm-state lawmakers against the demands of liberals seeking more money for environmental and nutrition programs.

It is a "delicate straddle" for Democrats to claim fiscal responsibility and the end of pork and then create a farm subsidy bill to benefit recent Democrat winners in Congress at a time when farmers are seeing record prices for grain. Can you say hypocrisy?

Zound Bites: No matter what "Poor George" says, U.S. economy full of problems

The Commerce Department reported that sales of new single-family homes dropped by 6.6 percent last month. The decline was more than triple what had been expected and was the largest percentage drop since sales fell by 12.7 percent in January.

Sales in the existing home market also fell in June, dropping by 3.8 percent to an annual rate of 5.75 million units, the slowest pace in nearly five years.

Investors are excited over Ford's $750 million second-quarter profit, but unfortunately, it came through cost cutting, mainly a roughly 30 percent decline in jobs, and you just can't do that every quarter so Ford's woes will continue

Orders for long-lasting U.S.-made goods were weaker than analysts predicted.

U.S. airlines continue to struggle with high fuel prices and maintenance.

July 27, 2007

Nevada District Judge Elizabeth Halverson Suspension

The Final Interim Suspension Order has been issued and filed July 25, 2007 by the Nevada Commission on Judicial Discipline in the matter involving Judge Elizabeth Halverson. The District Court has requested a Senior Judge from the Administrative Office of the Courts and it is expected the Supreme Court will assign a Senior Judge to fill in for Halverson beginning Monday (July 30).

Only legalese scholars could come up with a "final" "interim" "suspension" and I use the term scholars in only the sincerest and strictest sense of sarcasm and scholarly suspension of disbelief.

July 26, 2007

Article on housing mortgage scams but look who advertises

Part of an aricle found on FOXNEWS.COM HOME > OPINION

Housing Boom Boomerangs on Vulnerable Homeowners
Wednesday, July 25, 2007
By Robert Massi

With mortgage rates rising, home prices falling and consumers hampered by more credit card, auto and bank debt than ever, there has never been a more fertile time for scams that target homeowners.

A July 3 New York Times article put a face on the victims of the latest practice of "equity stripping." In this home loan scam, homeowners who have fallen behind in their mortgage payments sign over the deed to their property -- often unknowingly -- in exchange for promises of immediate cash and the chance to retain their home.

Once these unscrupulous lending companies have the deed to the property, they borrow against the equity in the home, pocket the cash and patiently wait for the inevitable: the homeowner again falling behind in payments. As holders of the property deed, these predatory lenders are then able to foreclose. Armed with misleading advertising -- and with an increasing number of homeowners seeking a quick fix for financial woes -- these companies are successfully exploiting some of the most vulnerable members of our society.

Advertisements on the page the article is found:

Refinance at 5.35% Fixed
Get $300,000 loan for $875/month. Calculate Your New Payment. Act Now!
Refinance.LoanOffer.com

Mortgage Rates at 3.0%
$150,000 loan for $391/month - refinance, home equity and purchase.
Refinance.LeadSteps.com

Go figure!

Who's the toughest Democrat?

On MSNBC: Sen. Obama has escalated his criticism of Hillary Clinton....

Obama said in part:

"I think what is irresponsible and naive is to have authorized a war without asking how we were going to get out -- and you know I think Senator Clinton hasn't fully answered that issue.

And also:

"[But] the general principle is one that I think Senator Clinton is wrong on -- and that is if we are laying out preconditions that prevents us from speaking frankly to these folks, then we are continuing with Bush-Cheney policies, and I am not interested in continuing that."

But then:

Clinton supporters respond to Obama's new criticism by pointing out that Clinton has been very critical of the Bush's Administration policies on diplomacy. Also, her response at the debate -- and in yesterday's skirmish -- was that it doesn't make any sense to pursue vigorous diplomacy without getting the most of it. You just can't promise to meet with world leaders, they say, without conditions.

Won't it be fun to watch if Clinton and Obama both end the primary season at the top of the heap. Hillary will want the presidential nominee spot and no one in the Democratic party will work very hard against the Clinton machine for fear of cutting their political throats. So how will Obama make up to Hillary to have a chance as a running mate? Probably something on the line of "it was in the spirit of political debate but now is the time to work together for an America which screws the little people." Well...maybe not in exactly those words.

July 25, 2007

Oddz & Endz: IPhone wave may not ride like an IPod; Debates go to YouTube

AT&T reported fewer activations of Apple Inc.'s iPhone than analysts expected when the device debuted before the quarter's end.

Then there is stodgy old me...I do have a cell phone and if I remember to bring it I don't usually answer anyhow since if I wanted people to talk to me while driving, shopping, occasionally working, I would just bring them along. And let me listen to some accoustic jazz rather than synthesizer. Is it possible for people to be over-teched? I know the world is starting to sound and look like a giant electronic billboard--oh, right, I must be on Las Vegas Blvd.

And if I wasn't bored enough with obsessions over technology, oops, the Democrats pop up on YouTube.com with their latest debate, hoping to snatch young voters--those that are home videogaming on elections day

MSNBC reports that young, Internet-savvy voters challenged Democratic presidential hopefuls on Iraq, the military draft and the candidates' own place in a broken political system, playing starring roles in a provocative, video-driven debate Monday night.

"Wassup?" came the first question, from a voter named Zach.

Yeah, savvy on the Internet, but do they research who the campaign contributors are, past voting records, whom the candidates have business ties with, and how much practice the candidates do in front of the mirror and pretend audiences to hone their "sincerity" skills? Do they understand minimum wage, medicaid, education issues, financial institutions, trade practices, foreign relations, environmental issues not attached to grant money, microeconomics or macroeconomics and global economies, and, as products mainly of public education, can they even read a newspaper or a book; or do they simply know how to click a mouse and react to the same old sound bites?

Dow goes up; Dow goes down

The Dow dropped 226.47, or 1.62 percent, closing at 13,716.95. The drop was the biggest since March 13, when it fell 242 points, both times because investors reacted to concerns that the subprime problems could infect the broader lending industry.

Overseas, Japan's Nikkei stock average fell 0.21 percent, while Britain's FTSE 100 dropped 1.90 percent, Germany's DAX index fell 1.73 percent, and France's CAC-40 fell 1.69 percent.

Funny how the same problem caused both drops according to the "experts" while the subprime problem has remained the same--bad--for the last several months. Someone will have to tell me why investors ignore the same information one day that makes them pull back the next.

July 23, 2007

Where did old style Vegas go? Too many grandsons, son, and nephews carry on old ways

"A Chip Off the Old Block," by Steve Miller reviews many of the "antics" of the offspring of yesterday's lawless bunch, including Benny Behnen (Benny Binion's grandson) and Dominic Rizzolo (Rick Rizzolo's son), the attorneys who keep them out of trouble, and more. Oscar (Goodman) claims the mob doesn't exist, but these "little" mafia guys must believe they are "big stuff."

Millionaire farmers and dead farmers receive billions of dollars in farm subsidies

Auditors have found that the Department of Agriculture has not been conducting the necessary checks to ensure that subsidy payments are proper.

"USDA has made farm payments to estates more than two years after recipients died, without determining, as its regulations require, whether the estates were kept open to receive these payments," their report said.

Of the identified payments to deceased farmers' estates or businesses, 40 percent went to those who had been dead more than three years, and 19 percent went to those who had been dead for seven or more years.

The report was requested by Iowa Sen. Charles Grassley, senior Republican on the Senate Finance Committee

Senator Grassley's interest may have to do with the fact that he himself is a recipient of farm subsidies as reported last Monday, the 16th, by Fox News, which may be a conflict of interest worthy of an award--for hypocrisy.

Today, the average farm household earns $81,420 and has a net worth of $838,875 -- both well above the national average. Farm incomes are setting records, and farms have one of the lowest failure rates of any industry.

To be sure, some family farmers continue to struggle. But if farm subsidies were really about alleviating farmer poverty, then lawmakers could guarantee every full-time farmer an income of 185 percent of the federal level ($38,203 for a family of four) for under $5 billion annually -- one-fifth the current cost of farm subsidies.

Instead, small farmers are largely excluded from farm subsidies. Farm subsidy payments are based on acreage, so by definition, the largest agribusinesses get the largest subsidies. Consequently, commercial farmers -- who report an average income of $200,000 and net worth of nearly $2 million -- now collect the majority of farm subsidies. Most farm subsidy dollars go to millionaires.

Fom 1995 to 2005, farm subsidies have been distributed to Fortune 500 companies such as John Hancock Life Insurance ($2,849,799) and Westvaco ($534,210); as well as celebrity hobby farmers like David Rockefeller ($553,782) and Ted Turner ($206,948). Even Members of Congress who vote on farm legislation have received subsidies, such as Sen. Charles Grassley (R-Iowa, $225,041) and Rep. John Salazar (D-Colo., $161,084).

The Washington Post reported that Tyler Farms (a big supporter of the Clintons over the years) in Arkansas has collected $37 million in farm subsidies since 1996 by dividing itself into 66 legally separate corporations. Other farmers evade payment limits by signing up family members, such as the Georgia farmer who reportedly collected thousands in additional subsidies by listing his two-year-old daughter as a co-farmer.

It gets even sillier. Most subsidies are based on land's historical use, even if it is no longer used for farming. So when 75 acres of Texas farmland was recently converted into a housing development, the homeowners on these $300,000-properties become eligible for annual farm subsidies for the lawn in their backyards.

There is not much more that I can say...our country is owned and run by special interests through campaign contributions which lead to legislation to benefit the few while education, health care, small businesses, etc. all lose ground because most of us are simply fodder for the powerful minority who see competition as detrimental to their profits.

July 20, 2007

"None of the Above" could become most popular political candidate.

From "Massachusetts Bill Would Give New Option to Voters:"

Retired Cape Cod systems analyst William White wants to give Massachusetts voters a new ballot choice: none of the above.

White testified before state lawmakers Wednesday on behalf of legislation he drafted that would add "None of the above: for a new election" below the names of every candidate on Massachusetts ballots except those running in the constitutionally protected presidential race.

"My interest is really in enhancing the democratic nature of the political process," White, the director of voters for None of the Above, told ABC News. "I feel one of the most fundamental things we can do is give voters the choice to reject all candidates."

Under White's proposal, if none of the candidates for a particular office received a plurality and the "None of the above" option did, a new election would be held two months later that excluded the original field's losing candidates.

So many races go uncontested in Massachusetts, according to White, that a "None of the above" option would force parties to put up more viable candidates. White, a registered independent, said the bill is rooted squarely in reviving the democratic process and has nothing to do with partisan politics.

He admits that there's little appetite for such a significant change in voting among lawmakers.

If we had this option in Nevada, Oscar Goodman might have ended up the "angriest" ex-mayor of Las Vegas since only 20 percent of the voters actually came out to vote because of the foregone conclusion that Goodman would win, since there was no real competition.

Macau Casinos Revenues Surging

Macau's first quarter casino revenues shattered records at HK$ 17.87 billion

Casino revenues in Macau surged again in the second quarter to a record HK$19.57 billion.

Just like a new restuarant, I imagine that for gamblers, Macau is now the place to go while Las Vegas is simply a remodeled restuarant with a has-been lounge singer, Barry Manilow.

Oddz & Endz: Global warming proved!

Thousands of Argentines cheered and threw snowballs in the streets of Buenos Aires on July 9, 2007 enjoying the first major snowfall since 1918.

Oh, wait...maybe that disproves global warming.

Early proponents of protecting the environment include Dupont which lobbied Congress to ban the refrigerant R-12 in favor of 135. It also happened that 135 was the product of fruitless research by Dupont because it was not as efficient as R-12 and the R-12 patent owned by Dupont was about to end, opening the product to be sold cheaper by competitors of Dupont. But thankfully, Congress did ban R-12 and thus protect Dupont from losing money on 135--which appears to be more corrosive than R-12. Also on the list is former Prime Minister of the U.K., Margaret Thatcher, who announced threats to the environment by green house gases while she battled unions of miners who threatened the British economy. Obviously, since miners dug coal and coal creates gases when burned, the miners became the "bad guys" for wanting to continue mining coal and make a living. Later, Bill Clinton and Al Gore met with Ken Lay who suggested that his company be protected from competition because his was a "green" company. Yes, that Ken Lay--the one who ran the failed Enron corporation; and yes, that Al Gore--the one who wants you to know he is so environmentally concerned while he heats and cools his 30 room mansion and once claimed that volcanoes can't throw ash high enough into the atmosphere to affect climate, commenting on the eruption of Mt. Pinatubo.

Strangely, the so called "green" movement calls for more government regulation and yet less competition against the largest of corporations which can afford to buy pollution credits.
So it seems like a win/win for both Democrats and Republican politicians alike. Democrats who support more government and Republicans who support bigger monopolies of companies.

Losers will be ordinary citizens who pay for "green" programs in taxes and higher prices for products from the "favored" companies.

And for anyone who wondered: The Pinatubo eruption in June 1991, more than 490 years after the last known eruptive activity, produced the second largest terrestrial eruption of the 20th century.

The effects of the eruption were felt worldwide. It ejected roughly 10 billion metric tons of magma, and 20 million tons of SO2, bringing vast quantities of minerals and metals to the surface environment. It injected large amounts of aerosols into the stratosphere--more than any eruption since that of Krakatoa in 1883. Over the following months, the aerosols formed a global layer of sulfuric acid haze. Global temperatures dropped by about 0.5 °C (0.9 °F), and ozone destruction increased substantially. But remember, Al Gore said that couldn't happen.

Did anyone know he is running for president?

In case you didn't know, since all the media is on Clinton's and Obama's money, McCain's implosion, and will actor/former Congressman Fred Thompson--not to be confused with former Gov. Tommy Thompson who is running--run, Colorado Rep. Tom Tancredo is seeking the Republican presidential nomination and has been for months.

Just so you know.

Next entry...did you know Representative Ron Paul....

Dow hits 14,000; Why?

Disappointing quarterly reports;

More subprime troubles;

Sizable increases in energy prices have boosted overall inflation and eroded real wages;

Countries holding large amounts of the dollar are still dumping the dollar in favor of the rising euro;

Leading indicators predict economic slowdown on housing woes;

Manufacturing shows slowdown;

Leading indexes dropped by more than expected in June;

Bulls keep running the stock market;

Does anything seem wrong with this picture?

July 19, 2007

Las Vegas monorail noticed by Bloomberg columnist for its failures

Joe Mysak writes that the Las Vegas Monorail should be carrying 56,000 passengers every day by now, according to the experts. In June, the train carried an average of 24,000 riders daily.

At this rate, the monorail will default on its bonds in three years, says Fitch Investors Service, which downgraded the securities to CC from CCC on July 10.

Things are deteriorating ``slightly more rapidly'' than the rating company calculated last October, when it lowered the monorail bonds to CCC from BB. The monorail is using up its reserves to help pay debt service.

The non-investment CCC grade means that default is a ``real possibility.'' CC means that default ``appears probable.''

And yet management is still talking about a plan to expand service beyond the Strip, right out to McCarran International Airport, which it says will cost $500 million and surely result in more riders.

"This reminds me of that song in the 1960 musical ``Oliver!,'' entitled ``Who Will Buy?'' I'm not sure who is going to buy another $500 million in bonds to pay for the roughly five-mile addition to the airport, or who might perhaps buy the whole train system itself.

If I had to bet, though, I would bet that the residents of Las Vegas or Clark County or Nevada will," says Mysak

....

There are several solutions.

The casinos could, of course, buck up, and help the monorail to expand to the airport in a bid to increase the number of riders.

The city, or county, or even state could decide that as a matter of good public policy, the monorail needs to be expanded, and that the public should help subsidize those bond payments, when they come due.

....

A columnist for the Las Vegas Review-Journal on July 12 had another idea: ``It's time for county transportation officials to admit the inevitable -- the little mass transit experiment has gone on long enough.'' Erin Neff suggested that the monorail shut down and use its remaining cash to tear down the tracks.

We know who will be paying for the monorail. For a state without a state income tax, it is still one of the most expensive to live in in the country and, if Nevada residents have to support corrupt politicians and developers, the gaming industry, and pay for disastrous mistakes, it will keep getting worse.

Plus just lately it was reported that 19,000 Las Vegas Valley homes entered foreclosure in 2006. No one in the state legislature or at the federal level have moved to protect the citizens and residents of the state from the bizarre banking practices which allowed so many to purchase homes they couldn't afford, but our legislators certainly leap at the opportunity to take bribes from unscrupolous developers, strip club owners, etc.--note that Erin Kenny was sentenced today, as several vans of news media awaited outside the federal courthouse in 108 degree heat.

Also in court today real estate consultant Donald Davidson was found guilty of only six of the 24 felony counts that federal authorities had charged him as jurors had trouble with the prosecutors' star witness, former Clark County Commissioner Erin Kenny.

But back to our foreclosed homes...any loss by mortgage companies and banks will most likely be covered by our wonderful government who loves to print more money for bailouts of the important people: Penn Central Railroad in the '70's, Chrysler, Lockheed, New York City, Chicago's Continental Illinois Bank, the savings & loans, etc. The savings & loan bailout may have run as high as 0ne Trillion Dollars. And who actually paid...THE TAXPAYER!

And for us in Clark County--add the monorail. Viva Las Vegas!

Chancellor Jim Rogers, owner of television stations, endorses Clinton

The Las Vegas Sun is reporting university system Chancellor Jim Rogers is again stepping into the political realm, endorsing Sen. Hillary Clinton, D-N.Y., in her run for the presidency.

In turn, the campaign has appointed Rogers co-chairman for Clinton's Nevada campaign, with Clark County Commission Chairman Rory Reid.

Rogers, a friend of the Clintons, said the senator best clicked with his educational views. Like Rogers, Hillary and Bill Clinton taught law, and the chancellor has donated $1 million to the Clinton library.

"I think they are very bright people who are very progressive," said Rogers, who has yet to donate to the campaign.

Bill taught law for one year and lost the completed finals for the last class he ever taught. Plus while the Clintons "ran" Arkansas, the state actually fell behind Mississippi in education. That makes the Clintons bright people who are very progressive? Perhaps, everyone should visit Arkansas and take a look at a beautiful state populated by some of the poorest people in this country, a state dotted whith towns where more than half the residents live in mobile homes and trailers. It is no wonder Hillary went to New York--it certainly better suits a rich girl from Chicago. And as for Rogers, this is the same Rogers who interfered with the Clark County School Board search for a superintendent to replace Garcia. If you ask me, he sees Sen.Clinton as wrapping up the nomination already--maybe with the help of his little media empire--and is placing himself in position for any benefits to be had.

July 17, 2007

McCain campaign disaster; Obama and Clinton have lots of money

John McCain's top communications aides and several staffers in Iowa and South Carolina quit today following the departures last week of campaign manager Terry Nelson and chief strategist John Weaver.

McCain poll numbers have plummetted--nearly as fast as he has run out of money--over the past six months, probably because of his support on Iraq and Sen.Kennedy's immigration plan.

Two other Republican presidential hpefuls also trailing in polls, Mike Huckabee and Tommy Thompson, each raised less than $1 million during the last three months.

At the same time Democrats Barack Obama and Hillary Clinton ended the first half of the year with more than $30 million each for the presidential primaries.

Without money--fuhget aboudit!

July 16, 2007

Oddz & End