16/05/2012

This CNBC Story Proves that Atlas has Shrugged

by John Galt May 16, 2012 22:00 ET   This afternoon on CNBC, a young lady whose name is irrelevant representing a heretofore never heard of group called “Ultraviolet” made the case to demand a seat on the board of directors for a private corporation, Facebook, because they had no female board members.   Not one female venture capitalist put up any money to deserve a seat on the board.   Not one single reason financially or qualification was put forth for such a nomination.   Not one excuse for the…


An Al Queda Terrorism Manual for American Consumption

by John Galt May 16, 2012 21:40 ET   In what I can only call as a shocking document, I’ll leave this to the reader’s imagination as to how this will be perceived by the more radical and tempted members of America’s young Islamist nutcases. This is a direct shot at those who wish to do harm to our families, friends, and neighbors and should be taken for what it is:   A recruitment tool for Islamic youth dissatisfied with our nation and ideals.   Many thanks to Public Intelligence.com for…


5.16.12 AEP: Greek euro exit looms closer as banks crumble

by John Galt May 16, 2012 16:55 ET   What can I say? Ambrose Evans-Pritchard is on a roll this week with his columns in the U.K. Telegraph and this one protion from today’s piece sums up the disaster we are facing quite nicely:   The crisis is replicating the pattern of fixed-exchange ruptures through history. Britain was forced off the Gold Standard in 1931 after pay-cut protests in the navy triggered capital flight.   Greek banks have lost 30pc of their deposits since late 2009. The total fell to €171bn…


Today’s Housing Data is PLOPOO

by John Galt May 16, 2012 16:30 ET   While the mainstream media engages in P.L.O.P.O.O. (Putting Lipstick on Pig of Obamanomics), the reality of today’s housing numbers are still so bad, they would even embarrass Lyndon Baines Johnson; hell, maybe even Harry Truman!   The Media’s PLOPOO updates look like this:   Rebound in Housing Starts   Housing market posts best stretch of growth in nearly four years   Housing starts, single-family building permits jump in April   Builders start construction on more homes in April   Based on just…


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