Walmart raising prices ALOT

Some of the price hikes were considerably larger. For instance, the price of a 32-ounce bottle of Windex household cleaner jumped 50%, a 12-ounce box of Quaker Oats instant grits climbed 65% and a 50-ounce container of Tide detergent rose by more than 50%. A spokesperson for the Bentonville, Ark., company could not immediately be reached for comment

http://www.dailyfinance.com/story/walmart-raises-prices/19587730/

U.S. Is Bankrupt and We Don't Even Know It

http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html

Howard Dean says Obamacare will FAIL

This week Dr. Howard Dean, an internist by training and the former head of the Democratic National Committee, went on the record in an appearance on cable TV and predicted that the mandate in the new health care law that requires everyone to carry health insurance would be dropped, either because it will be ruled unconstitutional or because people are just uncomfortable being told what to do.

http://www.foxnews.com/opinion/2010/08/09/dr-marc-siegel-obamacare-physicians-howard-dean-mandate-health-insurance-care/?bcsi_scan_24DE46460B4E2EF0=Eh3vbthsRHWTKNQY7eiteailu/cMAAAAtXJCBg==

Students at Lincoln Memorial Told to Stop Singing National Anthem

U.S. Park Police confirmed that the students were in violation of federal law and their impromptu performance constituted a demonstration in an area that must remain “completely content neutral.”

So I guess Arlington National Cemetary, Vietnam Memorial, Gettysburg Park are all "content neutral".

http://www.foxnews.com/us/2010/08/09/students-lincoln-memorial-told-stop-singing-national-anthem/?bcsi_scan_24DE46460B4E2EF0=tFlcmJhtB49IVg8XjyCELcshcaIMAAAAASY6Bg==

Buffett goes to the trash can~~~

OMAHA, Neb. (AP) -- Warren Buffett's company reported a 40 percent drop in second-quarter profit Friday because the improvement at Berkshire Hathaway Inc.'s operating companies couldn't overcome $1.4 billion in paper losses on derivative contracts.

Derivative failues are coming folks...standby to standby. $700 trillion in derivatives out there.

http://finance.yahoo.com/news/Net-income-falls-40-percent-apf-1323298987.html?x=0

Consumer food prices going UP UP UP

Big producers are beginning to disclose mark-ups in some cases rather steeper than those. J.M. Smucker is, for instance, imposing an across-the-board rise of 9 per cent for its coffee sold to US supermarkets under brands including Folgers, Dunkin’ Donuts and Millstone. On Friday Kraft Foods followed with rises of more than 10 per cent in the US market on coffee brands including Maxwell House.

http://www.ft.com/cms/s/0/e7de20ca-a18a-11df-9656-00144feabdc0.html

U.S. First Lady Michelle Obama and her younger daughter lunched with Spain's King Juan Carlos and Queen Sofia

The lunch is Mrs Obama's last engagement in Spain before flying home to Washington DC, where she has come under fire for her lavish break on the Costa del Sol with 40 friends, which has been estimated at costing U.S. taxpayers £50,000 a day.

This is nothing but absurd and total BAD taste.

http://www.dailymail.co.uk/news/worldnews/article-1301302/Michelle-Obama-lunches-Spains-royal-family-backlash-extravagant-holiday-continues-home.html

The Federal Reserve is set to downgrade its assessment of US economic prospects when it meets on Tuesday to discuss ways to reboot the flagging recove

They are going to have replace the printing presses...

Spend Spend Spend...how about letting some business's fail. Let the business sector self correct by letting poorly managed business sink or swim.

http://www.ft.com/cms/s/0/dedcb986-a316-11df-8cf4-00144feabdc0.html