The Libyan government voted today to make Sharia law the basis for all legislative policy in that country. Spurred on by the Muslim Brotherhood-supported Justice and Construction party, the Libyan General National Congress decided that current and future laws should be compliant with Islamic religious doctrine, and that a committee be created to monitor and supervise the adoption of Sharia.
The Spectacle Blog
A: Seattle, Carolina, Denver.
Enter la crème de la crème.
With last night’s trouncing of the New Orleans Saints, the Seattle Seahawks showed what kind of team they are at their best. Seattle dominated every phase of the game and now they’ve won seven in a row. There’s no turning back for them as they’re the first team to clinch a playoff berth; this is the top team in football. With games against the 49ers, Giants, Cardinals, and Rams to end the season, Seahawk supremacy should become even more apparent.
This is fine, but the real question is why he wasn't fired.
Or if this is a firing disguised as a resignation, what does it say about MSNBC and its viewers that the company thought it would hurt it to fire someone who suggested that a liberal should defecate in Sarah Palin's mouth?
So much for the tolerance and diversity always touted by liberals...
Feature of the Day: An incredibly misleading chart is warning of a 1929-style market crash
- Detroit Bankruptcy Decision Puts Pensions At Risk
- Cold Snap Felt Across Western Half of Nation
- Illinois Pension Fight Likely Shifting To Courts
I was talking with my Dad on the phone and we were discussing some of the MLB trades and free agent signings made over the past couple of days. During the course of this conversation, my roommate Christopher drew my attention to his tablet which had this headline from the Boston Globe:
Ladies and gentlemen, it appears that Jacoby Ellsbury is the new Johnny Damon. For the second time in less than a decade, a Red Sox centerfielder has jumped ship to the Bronx. Ellsbury will now become Public Enemy #1 in Boston.
I knew Ellsbury wasn’t coming back to Boston in 2014, but I figured he would go home and sign with the Mariners. I didn’t see this coming.
Ellsbury is the Yankees’ second high profile off season free agent signing. Last month, former Atlanta Braves catcher Brian McCann signed a five-year, $85 million contract. In 2013, the Yankees missed the post-season for only the second time in 20 years. They are determined to get back.
In a very important ruling today, U.S. Bankruptcy Court Judge Steven Rhodes ruled that government pensions are not different from any other municipal liability and do not require special protection in a local government's (in this case, Detroit's) bankruptcy filing.
In other words, to whatever extent -- however many cents on the dollar -- Detroit is able to pay the claims of any creditors, the city's retired employees should recoup only that same percentage of their pensions. My guess is this number will be in the 20 percent range, though much depends on the city's ability to restructure its overall costs and credibly access financial markets.
Many former city workers will suffer from what has happened to Detroit (and some even worse than others because some actually opted out of Social Security), but for everyone else this ruling is a huge victory, an economic blessing (not even in disguise.)
It’s official. The Healthcare.gov website sucks less. As of this Saturday, the website now supposedly serves its prescribed basic function of handling 50,000 simultaneous users without crashing. However, officials admitted that the backend of the site remains unfathomable, and other additional functions are still swathed in troubles.
“Our goal is to make the website have as few problems as possible so that most Americans can gain access to affordable, quality health insurance as possible,” said Jay Carney referring to the November 30 deadline for improvements to the site. Earlier in November, Carney announced that a 20 percent failure rate of sign-ups is defined as acceptable.
I’ve had fairly good fortune – or maybe fairly good judgment – on almost always having gotten into business with stand-up people whose word was their bond, and who didn’t look to make a buck by mistreating their partners/investors.
A recent event, however, offers a word of caution, not just for me for anyone who gets involved in small company (“private equity”) investing.
About 15 years ago, I was shown an investment opportunity in a promising biotechnology company called Xencor. Some friends and I invested through a little partnership we created for the purpose of investing together.
The person who showed us the deal was a man whom I had worked for in Europe for about two years. Because he never performed on his promise to bring competitive technology to the electronic markets we were trading, our team was unable to compete, though of the first traders to go over there, I was the only one who showed a trading profit at the time that I gave up, realizing that the trading company owner had no intention of making the investment he promised in order to allow us to do well.
What a shocker the Bama/Auburn game was, especially its crushing and totally unexpected final play. Many precincts in the Heart of Dixie are still pole-axed.
Imagine this scenario.
A repairman wipes his hands on a rag, glances at your bathroom, and announces, “I’ve fixed your faucet.”
You go to the sink, turn the cold spigot, and sludge comes out – thick and brown.
“This isn’t fixed,” you say, trying to turn the handle to stop the flow.
“You told me your faucet was blocked. It runs now, doesn’t it?”
You wouldn’t be very happy. Just because something is functional doesn’t mean it’s delivering what you need it to deliver.
Such is the case with the much trumpeted “fix” of Healthcare.gov, the Obama administration’s most epic public embarrassment. Eight weeks after its launch, the White House announced that its online insurance marketplace finally works.