Tuesday, March 30, 2010

the big story (late edition)

NYC Mayor Wants America's Guns



Mayor Michael Bloomberg plays the left flank to the Obama Administration. The New York mayor blasts the President, in an open letter, for what he calls a lack of federal action on gun control. Though the White House has promised that it would not introduce any anti-gun legislation, Bloomberg's public plea may change that.


BloombergObama -

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earlier:
Maine's Clean Election Law May Save Democracy



Maine's law is leveling the playing field and getting rid of the political payoffs. All candidates are created equal in Maine and the 80 percent of the pols participate. What can the rest of the country learn?

BANGOR — Gubernatorial candidate Libby Mitchell ended a recent hourlong evening appearance before the local gay community the same way she ends nearly every campaign event on her schedule. She did not ask her audience members for their vote, their volunteer time, or as much money as they were able to spare.

Instead, she wanted exactly $5, no more, no less, payable only by a certified financial document. Checks could be written not to her campaign fund but to a government account in Augusta. Those who wanted to pay with cash could purchase a prepaid post office money order from a stack Mitchell keeps in her gray leather purse.

One attendee peeled four crumpled dollar bills from his wallet and scrambled through the drizzly night to fetch the rest in quarters from his car.

Mitchell is one of four gubernatorial candidates in Maine racing to collect 3,250 of those $5 contributions to qualify for a clean elections program that has become a model nationwide. Candidates who meet Thursday’s deadline will become eligible for between $400,000 and $1.8 million in public funds but will be prohibited from accepting other contributions for the rest of the campaign.

A system created to banish big money from politics has created a class of candidates who must first fixate on small money. Those who choose to “run clean,’’ as Mainers call it, say that their top priority early in the campaign is reaching that $16,250 goal. It is a sum that candidates elsewhere can pull in during a single phone call or the first moments of a cocktail reception, but here it requires months, accumulated in bake-sale increments.

“If I qualify, there will be no more fund-raising and I will spend every waking hour campaigning around the state,’’ Mitchell, a Democrat who serves as state Senate president, promised the dozen attendees in Bangor. “I’ll never ask again. When you see me coming, you won’t have to run.’’

Maine’s system has gained in popularity since its introduction in 2000, with more than 80 percent of legislative candidates now participating. The system extends to gubernatorial candidates but not to congressional seats. This year, Maine could have two major-party nominees for governor relying only on public funds for the first time.

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CoOlDiGgY news (late edition)

Debt Overload: Many US States Will Become the Next Greece



California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and armies of retired public workers who are counting on benefits that are proving harder and harder to pay.

And states are responding in sometimes desperate ways, raising concerns that they, too, could face a debt crisis.

Some economists fear the states have a potentially bigger problem than their recession-induced budget woes. If investors become reluctant to buy the states’ debt, the result could be a credit squeeze, not entirely different from the financial strains in Europe, where markets were reluctant to refinance billions in Greek debt.

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*Christopher Hitchens: The Pope Is Not Above the Law

*The New Health Care Law: Expect Flood of Divorces

*Only Two States Get Obama Education Grant

*Lil' Rhody's Big Flood

*Pupils 'frogmarched by teachers to have fingerprints taken' so they could eat in cafeteria

*Will Health Reform Law Stop Insurers From Denying Coverage? A Loophole That Deserves More Attention

*Illusions versus reality: NATO and Afghan opium







earlier:
"Too Big Too Fail" Accounting Tricks as SEC Starts ‘Repo 105’ Probe



US regulators on Monday asked more than 20 financial groups whether they engaged in transactions along the lines of “Repo 105” – an accounting device that helped Lehman Brothers conceal its high leverage ratio during the financial crisis.

The corporate finance division of the Securities and Exchange Commission wrote to chief financial officers of “close to two dozen” large foreign and domestic banks and insurers, demanding details of repurchase agreement deals.

The SEC probe includes whether companies booked repos as asset sales for accounting purposes over the past three years, and whether these deals were concentrated with certain counterparties or certain countries. Regulators also asked companies to quantify the amount of repos that were disclosed as asset sales and to explain the “business reasons” for use of these structures.

The heightened scrutiny of repos is the result of a report by a court-appointed examiner this month which found that Lehman used the Repo 105 technique to book temporary repurchase agreements as permanent asset sales in 2008. This helped Lehman conceal about $50bn from its balance sheet, thus reducing its leverage ratio and appearing healthier to the eyes of investors and analysts.

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*Obama signs health care reconciliation bill

*Big Pharma Wins Big With Health Care Reform Bill

*VIDEO: Health Insurance Mandate



*Health care: What you need to know in the first year

*Senator Specter wants to extend U.S. privacy curbs to Web-cam use

*Marine's dad ordered to pay protesters' court fees

*We Better Smash The Estimates Of 190,000 New Jobs This Friday

*If the US declares economic war on China, should world tremble?

*Consumer spending rises modestly; incomes flat



*Russia Attack: Will Media Propagandists Now Push for Naked Body Scanners?

*U.S. transit security gets boost after blasts



*Have the 'Black Widows' Returned with Moscow Bombing

*James Lovelock: Humans are too stupid to prevent climate change

*Job Market So Bad 260 People Applied To Scoop Poop

*Arctic States Meet Over Resources, Military Concerns

*Ralph Nader: Attention Deficit Democracy

the fairer sex

10 Most Underrated Celebrity Booties

If your name is "Kardashian" or "Lopez" (or whatever Rihanna's last name is) then chances are folks think of your booty. We do, too. Butt what about the unsung booty heroes? What about the celebs with great asses that actually have talents and gifts that make them multi-dimensional human beings. Booty appreciation should not be wasted on the famous-for-being-famous or bad singers. Here are some talented people whose ass you may have overlooked.

the fairer sex

10 Most Underrated Celebrity Booties

If your name is "Kardashian" or "Lopez" (or whatever Rihanna's last name is) then chances are folks think of your booty. We do, too. Butt what about the unsung booty heroes? What about the celebs with great asses that actually have talents and gifts that make them multi-dimensional human beings. Booty appreciation should not be wasted on the famous-for-being-famous or bad singers. Here are some talented people whose ass you may have overlooked.

girl blurbs

10 Most Underrated Celebrity Booties

If your name is "Kardashian" or "Lopez" (or whatever Rihanna's last name is) then chances are folks think of your booty. We do, too. Butt what about the unsung booty heroes? What about the celebs with great asses that actually have talents and gifts that make them multi-dimensional human beings. Booty appreciation should not be wasted on the famous-for-being-famous or bad singers. Here are some talented people whose ass you may have overlooked.




*Controversy for Soccer Moms: When little Stefani's first words were "gaga" who knew this is what she meant?

*Maria Conchita Alonso schools Sean Penn but kills any hope for Colors 2

*(Someone's) EXCLUSIVE: Sandra Bullock to divorce Jesse James

*Good Christian (even better flotation device) Heidi Montag leaves hubby

*Mischa "Lindsay Lohan" Barton vomits on herself at bar

*Kelly Brook models for Ultimo Lingerie. Yay!

the random

Yunjin Kim from 'Lost' just got married to someone who is not us. We hope your new hubby can accept you for the plane-crash-surviving, having-an-affair-and-might-be-having-someone's baby, time-traveling, gun-toting, Charles Widmore-employed, Oceanic Six-being, father's-company-controlling, baby-girl-having, husband-still-on-the-island-but-you-haven't-seen-him-again-yet lovely lady that you are like we can.
(editor's note: I apologize, the CoOlDiGgY crew has a hard time separating their geek world from the real world. All of their WoW accounts have been canceled)

CoOlDiGgY tech & media

Google & Yahoo Blast Australia's 'Heavy-Handed' Web Censorship



US is also 'concerned' at plans to block flow of information and experts say state-controlled check will slow browsers

Australia came under fire today from the United States for its proposed internet filtering system, which, if implemented, would be the strictest of any democracy.

A US state department official said that it had raised concerns with Australia over the plans, which are to be voted on by its parliament.

"We remain committed to advancing the free flow of information, which we view as vital to economic prosperity and preserving open societies globally," Michael Tran, a state department spokesman told the Associated Press.

"We don't discuss the details of specific diplomatic exchanges, but I can say that we have raised our concerns on this matter with Australian officials."

Internet companies Google and Yahoo have already condemned the proposal as a heavy-handed measure that could restrict access to legal information.

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*Facebook Mulls Privacy Changes, Causes More Outrage

*Tech coalition pushes rewrite of online privacy law

*CNN Fails to Stop Fall in Ratings

sports & health

California Probes NFL's Joey Porter Alleged Attack on Cop



The deputy who arrested NFL star Joey Porter is under investigation for alleged brutality ... law enforcement sources tell TMZ.

As we previously reported, the Arizona Cardinals linebacker was busted during a traffic stop at a Taco Bell in Bakersfield, CA over the weekend.

Porter was busted for allegedly slapping the deputy's hand away as the deputy tried to unlock Joey's car door. Joey claims the deputy manhandled him, striking him in the face.

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the frivolous

Another Other for Jesse James



E! News reports that the third woman to come forward as one of Jesse James' mistresses, Brigitte Daguerre, has released a statement.

"This mess was a series of unfortunate events that I regret deeply," she told E! News.

"One of which was confiding in someone I thought was a friend. Most of what I have read and heard is untrue or wildly exaggerated.

"People I never spoke with are quoting me saying things I never said. Jesse and I were friends, he was never at my home, he never paid for my home and he never gave me any money.

"I've had a few offers for $30,000 to tell my story, but I have turned the money down. I'm not a model anymore and do not want the attention."

I guess the heat got to her, which isn't too surprising. Sandra Bullock is very well-liked.

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*Crazy Brunette News: Woman Evicted for Too Many Peeps Marshmellow Candies in Apartment, Trial Begins

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