March 27, 2010
Big companies are starting the write downs.
On top of AT&T’s $1 billion, the writedown wave so far includes Deere & Co., $150 million; Caterpillar, $100 million; AK Steel, $31 million; 3M, $90 million; and Valero Energy, up to $20 million. Verizon has also warned its employees about its new higher health-care costs, and there will be many more in the coming days and weeks.
And Henry Waxman has the nerve to bring up analysis of the cost savings of health care that these companies are supposedly ignoring.
Meanwhile, Henry Waxman and House Democrats announced yesterday that they will haul these companies in for an April 21 hearing because their judgment “appears to conflict with independent analyses, which show that the new law will expand coverage and bring down costs.”
These companies apparently got some explaining to do. Whose analysis? The kool-aid drinkers at this or that liberal think tank? Ah… it says “independent analyses”. Sort of like ACORN was considered non-partisan.
March 27, 2010
Chavez’s crack down on criticism continues.
QUITO, Ecuador – Venezuelan President Hugo Chavez on Friday defended the arrest of a major TV channel owner, calling him a criminal and denying the government is carrying out an assault on press freedom.
The back-to-back arrests this week of two government opponents — including the owner of Venezuela’s only remaining anti-Chavez TV channel — have drawn accusations that Chavez is growing increasingly intolerant and authoritarian as his popular support has slipped.
That Sean Penn and Oliver Stone think this Hugo Chavez is to be admired says nothing good about them. Hell, Penn even said Chavez should jail his critics. Oh well, Chavez said that the government is not assaulting press freedom. And he’s not totally wrong on that. The press in Venezuela is still free to write uncritical reports on Chavez after all.
March 24, 2010
Hopefully posting a little more frequently. I’ve been out of the country two weeks out of the past month and am also slammed up against a deadline next week that I’m probably not going to hit. Ugh.
Anyway, I still have plenty to say, just less time to say it.
March 3, 2010
I’m inclined to root for Sarah Palin but her show on Fox followed by a reality TV show just makes her that less serious of a political persona. That maybe unfair, but there it is.