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.…
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. …
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…
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…
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