Man convicted in scam wins national award

A man convicted of stealing more than $600,000 in a business loan scam received an award from the National Republican Congressional Committee honoring his business leadership and party support.

Ira Stern, 56, of Milford was among hundreds of people nationally to receive the 2004 Ronald Reagan Republican Gold Medal award, Republican Congressional Committee spokesman Alex Burgos said Wednesday.

Recipients were invited to be recognized at a dinner and tax reform workshop in Washington, D.C., on March 15, at which President Bush was the keynote speaker



Another Shiny-Happy day in MSNBC Businessland....

As discussed before I recieve an email from MSNBC daily going over the top business stories of the day. There are 10 stories - today was a great day in business - 8 were negative and several were again avout lawsuits and corruption.

Is is not obvious why the business community is turning to the Democratic Party? Where were these headlines pre-Nov 2? We all knew where it was going...

Here is a sample:

Stocks lower after downbeat GDP data
Stocks fell sharply Thursday despite robust earnings from big industrial companies as first-quarter economic growth came in below expectations, raising yet more questions about the strength of the economy.

Economy grows at slowest pace in two years
Buffeted by rising energy prices and weakened consumer and business spending, the economy grew at an annual rate of just 3.1 percent in the first quarter, the slowest pace of expansion in two years.

Mortgage rates drop for 4th straight week
Rates on 30-year mortgages fell for a fourth consecutive week as more evidence of an economic slowdown eased concerns among bond investors about inflation.

Work-related accidents kill 2 million a year
Work-related accidents and illness kill more than two million people a year and are rising in some developing countries including China and Brazil, the International Labor Organization (ILO) said.

Kerkorian appeals DaimlerChrysler ruling
Billionaire investor Kirk Kerkorian on Thursday appealed a federal judge's rejection of his claims that he was defrauded in the 1998 merger of DaimlerBenz and Chrysler Corp.

Tyson Foods to pay $1.5 million fine
Tyson Foods Inc. agreed Thursday to pay a $1.5 million civil fine to settle federal regulators' charges that it failed to fully disclose lavish perks provided to former chairman Don Tyson, including $38,000 in oriental rugs and antiques, and the use of houses in England and Mexico.

Former Charter official implicates Paul Allen
A former Charter Communications Inc. executive sentenced last week to probation in a plot to dupe investors through fraudulent cable television disconnect practices said in a court document that Charter Chairman Paul Allen was aware of the scheme.

Spitzer probes claims of race bias at banks
New York Attorney General Eliot Spitzer is questioning some of the nationĂ¢?Ts biggest banks in an investigation of potential discriminatory practices in setting mortgage rates and fees.

From a review of Richard Parker’s new biography of John Kenneth Galbraith

This struck a chord with me.

In The Affluent Society Galbraith sketched a cruel but apt cartoon of the American-as-consumer, who submits himself to the world of advertising and allows it to likewise create and sate his needs, lending him the illusion of choice and the reality of credit-card debt. Government by the free consent of the governed has given way to government by the implicit acquiescence of the adequately distracted. We don’t want to know that the world is complicated and asks our attention. We want to watch The Apprentice.


What do you have to do to be considered a failure these days?

Iraq's Ahmad Chalabi: He's now Mr. Oil


Great DeLay Statement...


An Update...

On the story of the 3 people kicked out of a Bush Rally for a bumper sticker.

Turns out the person was not a secret service agent (even though he said he was - a felony). It also turns out that the Republican Party and the Bush Administration know who he is, and are refusing to tell (also a felony).