Thursday 30 December 2010

Companies Making Money

Remember when double and even triple inverse leveraged ETFs were all the rage? That all occurred in the brief period of time before it became clear that Bernanke would first take down the global financial system before he let Citi get back to $1/share again. Apparently one reader recalls it all too well: "In 2008 at the bottom of the market I sold positions I owned in physical
gold and banks stocks such as Bank of America (BAC), Citigroup (C) and
also non financial companies such as Ford (F). I used these proceeds to
purchased inverse ETF’s such as NYSE: FAZ (Direxion Financial 3x Short)
and NYSE:SRS (Proshares Real Estate 2x Short). Since making these purchases, these ETF’s have suffered significant
drops in value as reflected in their price. In fact NYSE: FAZ has
plummeted from $1100 per share to $11 per share and SRS has reduced in
price from $1000 per share to $19.50 per share. It is now apparent that
the Fed spent trillions of dollars to raise the price of bank stocks and
to inversely suppress the price of these inverse ETFs." Yet is this nothing but a case of fippers' remorse? Is there legal precedent for an actual claim? Was the Fed in breach of duty "by allowing investors to make investments into funds such as FAZ and SRS
and other inverse ETF’s, while the Fed was performing transactions that
the Fed knew or should have known would severely harm the investors in
these publicly traded fund." Will Bernanke cave and make whole everyone who dared to put money into the market, even if it meant betting on a broad market decline? After all the whole purposes of the latest propaganda campaign is to get people to put money in the market with no fear of loss whatsoever: whether one is bullish or bearish (and as the lack of participation shows, most are certainly still bearish). Which is where it gets interesting: "Therefore, I appeal to your office
to make due and just compensation in treble damages amounting to $__
million dollars for a full and good faith settlement of this matter. If
this is agreeable, I am prepared to enter into a confidential good faith
settlement." In our ridiculous bizarro world, in which nothing makes sense following each recurring Fed intervention, perhaps the Fed making whole those who lose money regardless of their bias, is just what is needed to break the 33 weeks of outflows...

Full letter submitted by Bill Pitts:

December 7, 2010

Mr. Ben Bernanke
Chairman
Federal Reserve Bank
20th Street and Constitution Avenue NW
Washington, DC 20551-0001

Re: Financial Loss Suffered By Owners of Inverse ETF’s

Dear Chairman Bernanke:

On or about March of 2009, the Federal Reserve Bank (The “Fed”) commenced in actions that involved making loans to banks, financial institutions, wholly owned Fed companies (i.e. Maiden Lane), lenders and publicly traded companies. Additionally evidence suggest that the Fed through these firms and at the direction of the Fed made direct purchases of equities in publicly traded companies for the purpose of raising stock prices. These transactions were undisclosed to the public and investors. Neither the Fed nor the recipient companies disclosed these material transactions to the investing public. Ostensibly, this assistance from the Fed was conducted with the objective of increasing the stock value of many troubled companies and banks. Additionally, under the plan by the Fed and U.S. Treasury, these banks and financial institutions used the Fed supplied funds to purchase each other’s stock. This was conducted to allow each bank to raise each other’s stock values to improve the assets values on one another’s balance sheets. These actions were supported encouraged, known about and assisted through actions of the Fed and the United States Treasury.

While these actions may have been helpful to those firms to abate the systemic problems within the market, assisted in working to make recipient banks more solvent and may have prevented additional bank failure, these actions resulted in severe detrimental damage to many individual investors.

As you are keenly aware, most every market transaction has two sides to a trade. As a stock or asset class increases in value, some investors realize gain while simultaneously others who concluded that the stocks would NOT improve in price and made investments accordingly known as taking a “short” position would loose money. The inverse of this scenario is also true.

As stock prices decrease, those investors who purchased inverse Exchange Traded Funds (“ETF’s’) would gain value in their investments.

As I understand it, between the Fed and the SEC you all are charged with ensuring fairness, honesty and integrity in our markets and monetary system. It is also my understanding that the Fed professes to never intervene in the markets unless it is to prevent crisis.

I attempted to understand current events, market conditions and the fundamentals of financial and cash flow statements prior to making personal direct investments. I have always assumed that significant transactions with companies being publicly traded would be conducted in the open and that significant transactions would be disclosed to all investors to make informed decisions. Unfortunately, it appears that as a result of the Feds efforts to correct the current financial crisis these rules of disclosure and openness were set aside.

After the September 2008 market crash I took a much more active role in managing my investments. Based upon reading financial data and analyst reports it was very obvious to me that there many commercial property REITS, banks and lending institutions were severely impaired, would suffer significant cash shortfalls and were insolvent or would go bankrupt. It appears that your office arrived at the same conclusion as evidenced by the subsequent injection of hundreds of billions of dollars of cash directed to these institutions by the Fed.

In 2008 at the bottom of the market I sold positions I owned in physical gold and banks stocks such as Bank of America (BAC), Citigroup (C) and also non financial companies such as Ford (F). I used these proceeds to purchased inverse ETF’s such as NYSE: FAZ (Direxion Financial 3x Short) and NYSE:SRS (Proshares Real Estate 2x Short).

Since making these purchases, these ETF’s have suffered significant drops in value as reflected in their price. In fact NYSE: FAZ has plummeted from $1100 per share to $11 per share and SRS has reduced in price from $1000 per share to $19.50 per share. It is now apparent that the Fed spent trillions of dollars to raise the price of bank stocks and to inversely suppress the price of these inverse ETFs.

Now 20 months after these investments were originally made, your office disclosed that it had directly and indirectly injected hundreds of billions of dollars into numerous publicly traded companies. However, this information was not made public to investors by either the Fed or the institutions receiving these cash injections as these significant material transactions were occurring.

As a result, investors could not make informed investment decisions. By allowing investors to make investments into funds such as FAZ and SRS and other inverse ETF’s, while the Fed was performing transactions that the Fed knew or should have known would severely harm the investors in these publicly traded fund.

My damages had I continued to hold onto my shares of Ford and physical gold are in excess of $__ million. Therefore, I appeal to your office to make due and just compensation in treble damages amounting to $__ million dollars for a full and good faith settlement of this matter. If this is agreeable, I am prepared to enter into a confidential good faith settlement. I would also be prepared to drop action in attempting to raise public awareness to prepare for a class action lawsuit against the Fed regarding this matter.

Should we not be able to resolve this matter I will be forced to file a claim in the Federal District Court and work to initiate a Class Action Lawsuits to represent all owners of these inverse ETF’s that suffered economic loss. Enclosed please find a few of the reports relied upon to arrive at the conclusions. I would seek to further explore this through depositions and discovery of the many recipients of funds from the Fed.

I do not envy your position and the challenges you face during these very difficult times. Had I been on the other side of these trades I may very well hold a higher opinion of the Fed and its actions. Unfortunately I have been damaged as a result of your decisions.

Should your office desire to discuss this, I can be reached at my office at XXX-XXX-XXXX or my mobile at XXX-XXX-XXXX

Regards,

William G. Pitts

Enclosures

Totally Busted: The Truth About Goldman's Bailout by the Fed

"Secret bailouts do not merely benefit recipients; they also deceive investors into mistaking fantasy for fact. Such deceptions often punish honest investors, like the honest investors who sold short the shares of insolvent financial institutions early in 2009.Based on all available public disclosures, the story remained fairly grim into the spring of 2009. Accordingly, the short interest – i.e., number of shares sold short – on Goldman Sachs common stock hit a record 16.3 million shares on May... 15, 2009 – about 3.3% of the public float. But over the ensuing six months, Goldman’s stock soared more than 30% – producing roughly $500 million in losses for those investors who had sold short its stock. Not surprisingly, the total short interest during that timeframe plummeted to less than 6 million shares, as short-sellers closed out their losing positions."

http://www.economicpolicyjournal.com/2010/12/totally-busted-truth-about-goldmans.html

12/1/10 Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms

http://www.washingtonpost.com/wp-dyn/content/article/2010/12/01/AR2010120106870.html

12/1/10 Fed gave $3.3 Trillion to banks

http://www.youtube.com/watch?v=rTPa1hGtpJs

12/1/10 Fed made $9 trillion in emergency overnight loans

http://money.cnn.com/2010/12/01/news/economy/fed_reserve_data_release/index.htm?hpt=T1

12/1/10 Meet The 35 Foreign Banks That Got Bailed Out By The Fed (And This Is Just The CPFF Banks)

http://www.zerohedge.com/article/meet-35-foreign-banks-got-bailed-out-fed-and-just-cpff-banks

12/2/10 Federal Reserve May Be `Central Bank of the World' After UBS, Barclays Aid

http://www.bloomberg.com/news/2010-12-02/federal-reserve-may-be-central-bank-of-the-world-after-ubs-barclays-aid.html

Fed Releases Details on Bear Stearns, AIG Portfolios

http://www.bloomberg.com/apps/news?pid=20601087&sid=aymTlczlMmpA&pos=1

Fed in hot water over secret bailouts

http://www.csmonitor.com/Money/Robert-Reich-s-Blog/2010/0401/Fed-in-hot-water-over-secret-bailouts

The Fed Admits To Breaking The Law

http://networkedblogs.com/21Xqv

Fed Opens Books, Revealing European Megabanks Were Biggest Beneficiaries

http://www.huffingtonpost.com/2010/12/01/fed-opens-books-revealing_n_790529.html

Paulson/Goldman/Center for Responsible Lending

http://www.youtube.com/watch?v=E10bHAI7U68&feature=player_embedded

Goldman CEO Visited WH 4 Times During SEC Investigation

http://www.thefoxnation.com/business/2010/04/22/goldman-ceo-visited-wh-4-times-during-sec-investigation

Goldman's White House connections raise eyebrows

http://www.mcclatchydc.com/2010/04/21/92637/goldmans-connections-to-white.html

Indymac Boys Get Sweetheart Deal

http://www.youtube.com/watch?v=ssl5yb7FewA

Obama’s $6.3 Trillion Scam Is America’s Shame:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.G6KFfaDdSc

Congress threatened with Martial Law if they do not give hundreds of billions to Bankers

http://www.youtube.com/watch?v=HaG9d_4zij8

Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."

http://www.youtube.com/watch?v=n0NYBTkE1yQ&feature=player_embedded

BoE Secretly Loaned $102.9 Billion to RBS

http://www.cnbc.com/id/34126826

Bank of England tells of secret £62bn loan to save RBS and HBOS

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6646923/Bank-of-England-tells-of-secret-62bn-loan-to-save-RBS-and-HBOS.html

Bank of England advisers not told about secret £62bn loan to HBOS

http://www.guardian.co.uk/business/2009/dec/03/bank-england-secret-loan-hbos

Federal Reserve refuses to tell the US Senate to Whom they have given $2.2 Trillion

http://www.youtube.com/watch?v=2EQDrVKYWmc

Bailouts could cost U.S. $23 trillion

http://www.politico.com/news/stories/0709/25164.html

Sticker Shock: $23.7 Trillion Bailout?

http://abcnews.go.com/Business/Politics/story?id=814

Tracking the $19 Trillion Bailout Funds

http://blog.newsweek.com/blogs/wealthofnations/archive/2009/09/22/tracking-the-19-trillion-bailout-funds.aspx

Fed Lends Two Trillion Without Oversight

http://www.youtube.com/watch?v=oxuqmPyKqcs&feature=player_embedded

How Lehman, With The Fed's Complicity, Created Another Illegal Precedent In Abusing The Primary Dealer Credit Facility

http://www.zerohedge.com/article/how-lehman-feds-complicity-created-another-illegal-precedent-abusing-primary-dealer-credit-f

Access to fed Money - One of few naked Short Sellers who destroyed Bear Stearns and Lehamn Bothers

http://www.youtube.com/watch?v=Q48eSoTNByQ&feature=related

Geithner: Pickpocketing Trillions from the People to Give to the Oligarchy Was "Deeply Unfair", But We ... Um ... WE Had To

http://www.washingtonsblog.com/2010/04/geithner-looting-country-for-trillions.html

Why Is The Fed Actively Managing A $25 Billion Maiden Lane MBS Portfolio When Its $2.4 Trillion SOMA Holdings Have A $1 Billion DV01? (And Are Unhedged)

http://www.zerohedge.com/article/why-fed-actively-managing-25-billion-maiden-lane-mbs-portfolio-when-its-24-trillion-soma-hol

Did The Fed Just (Surreptitiously) Bail Out Europe?

http://www.themarketguardian.com/2010/04/did-the-fed-just-surreptitiously-bail-out-europe/

Goldman Sachs pay out $111million in bonuses despite taking billions in bailout money

http://www.dailymail.co.uk/news/article-1339220/Goldman-Sachs-pay-111million-bonuses-despite-taking-billions-bailout-money.html#ixzz18NTzHyqF

Goldman's White House connections raise eyebrows

http://www.mcclatchydc.com/2010/04/21/92637/goldmans-connections-to-white.html

Israeli made partner at Goldman Sachs

http://www.ynetnews.com/articles/0,7340,L-3320118,00.html

Goldman Sachs was top Obama donor

http://articles.cnn.com/2010-04-20/politics/obama.goldman.donations_1_obama-campaign-presidential-campaign-federal-election-commission-figures?_s=PM%3APOLITICS

Israel OKs US ‘Gift’ of Billions of Dollars in Warplanes

http://news.antiwar.com/2010/09/16/following-fierce-debate-israel-decides-to-buy-f-35-warplanes/

h/t Will

President Obama spent much of Wednesday huddled with a group of business executives, an effort The New York Times said afterward "went a long way to reset the tone of the relationship between Mr. Obama and corporate America" in the eyes of the corporate chieftains who attended.

That's all well and good, if the problems with today's economy were rooted in a lack of warmth and fuzziness between President Obama and corporate CEOs. But they aren't. For decades, the interests of corporate lobbyists—the people acting on behalf of many of the executives at the White House meeting—have been at odds with the interests of working people. The White House "making peace" with corporate CEOs, to use The Washington Post's description of the meeting, is one thing. But Wall Street needs to make peace with those of us who have been forced, as a result of the conservative policies they promoted, to live through a decade of stagnant wages, unemployment and underemployment. Wall Street needs a reset with working America.

Unfortunately, it's not at all clear that this meeting delivered much for working-class people. The Post reported that "after the meeting, several chief executives said their conversation with the president was constructive and open as they discussed education, trade, taxes and jobs. But the executives and Obama remained vague about specific outcomes they expected from the meeting."

And one of the few specifics reported from the meeting is highly disturbing. Bloomberg reported that the CEOs had their hands out for yet another tax cut:

While Obama has called on the CEOs to spend the $2 trillion in cash their companies have accumulated on job creation, the executives said much of that is earnings from overseas sales that are retained abroad to avoid paying U.S. corporate income tax. U.S.-based multinational corporations pay corporate income tax on earnings when they are brought back to the U.S. If the revenue remains abroad, either in cash or investment in overseas facilities, the money isn’t taxed.

Obama said he would consider the issue and asked what the executives would be willing to give up in other corporate tax rates to make sure it remains revenue neutral.

Actually, in many cases the earnings involved are not necessarily from "overseas sales." Many multinational corporations have created elaborate schemes to ensure that domestic sales are credited as foreign ones in order to avoid paying corporate income tax. It's how Google avoids paying billions in corporate income taxes to the United States and the United Kingdom.

President Obama has rightly pledged to go after this tax dodge and sent some proposals to Congress last year that Citizens for Tax Justice said were "steps in the right direction." Businesses have countered with demands for a "tax holiday," The Financial Times reported in October. Again, at least until now, the Obama administration has resisted. One reason, as the FT notes, is that there is no guarantee that the money coaxed back into the U.S. will actually be used for investment and job creation.

We've been here before. In 2004 the Bush administration and the Republican Congress gave corporations a tax amnesty on profits sheltered overseas. The benefits for workers were negligible. Gannett News Service reported earlier this year in a story about Sen. Barbara Boxer's support for an offshore tax break:

A Congressional Research Service analysis published in January 2009 found that 10 of the top dozen companies that took advantage of the 2004 break cut jobs. Hewlett-Packard repatriated $14.5 billion and laid off 14,500. Pfizer repatriated $37 billion and cut 9,000 jobs in 2005.

California-based Oracle and Intel also repatriated foreign earnings. The money helped Oracle acquire two U.S. companies and helped Intel build a new factory

The Business Roundtable, a champion of the tax amnesty idea, says of the money that came back to the U.S. as a result of 2004 holiday, 25 percent went to capital investments and 23 percent to hiring and training new workers. Even that positive spin suggests the country doesn't get very much for coaxing businesses to do less than what they should be dong as corporate citizens.

Corporations succeed in the United States not simply because of what they do on their own. Their success depends on the quality of public schools that prepare their workers, transportation networks that move goods and people, agencies that help keep people healthy and safe, and efforts to ensure that each American is able to maintain at least a minimal standard of living. All of these are government functions that corporations undercut when they engage in schemes to avoid paying taxes, leaving the rest of us to struggle with the consequences.

The businesses that profit as a result of the public commons that We the People provide should not have to be given special inducements to pay their fair share toward supporting that commons. (As it stands now, contrary to conservative claims to the contrary, the truth is U.S. corporations pay some of the lowest tax rates of major industrial powers.) That is the starting point from which President Obama should begin in building a new tax framework in which businesses and Main Street can profit together in a new economy.

Even as corporations are seeking a tax holiday, these same corporations spent hundreds of millions of dollars electing congressional candidates opposed to government initiatives that would stimulate the economy and stoke the demand that would coax their hoarded cash off the sidelines. Instead of egging on, tacitly or otherwise, the anti-spending crowd, these CEOs could still choose to back a real economic stimulus—not just cross-your-fingers-and-hope-they-trickle-down tax cuts, but real investment in the economy's future.

Lew Prince, a small business owner in St. Louis, recently penned an op-ed that offered a more Main Street perspective on what businesses need to prosper:

We shouldn’t borrow billions more dollars from China and Saudi Arabia to give to the wealthy. Instead the wealthy should pay their fair share. We need adequate tax revenue to invest in our economy. More tax cuts at the top won’t create jobs. But we will create jobs and strengthen our economy by rebuilding our crumbling roads, bridges, public transit, levees and water and gas pipelines. We will save and create jobs by investing in education and clean energy research and manufacturing now growing much more rapidly in other countries.

Now that Obama has met with business executives, his next step should be a summit meeting with the unemployed. And then let's have a real debate in which business executives and their conservative benefactors are called to account on whether they are really interested in the fates of American workers or just in their own balance sheets.

Salvatore A. Giunta to Drop the Times Square Ball and 5 Other New ...

Salvatore A. Giunta, the first living person to receive the Congressional Medal of Honor since the Vietnam War, is this year's Times Square ball drop guest of honor. Surge Desk offers 5 facts about the famous New York tradition.

No, Snooki Will Not Be Dropping in a Ball in Times Square on New ...

New York City to Snooki: fuhgeddaboudit. MTV wanted.

Year's Worst Ads Get What's Coming to Them - AOL News

The year's worst ads get honored with a very dubious award: a Tracy Award.

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Tuesday 28 December 2010

personal finance programs

Republicans Were For Prevention Before They Were Against It

Sarah Kliff previews the GOP’s big box of ideas for how to force Democrats to vote against their own health care law come January. Last week, House Republicans wanted to attach repeal to next month’s doc fix, now they’re considering taking a page from Sen. Mike Johanns’ (R-NE) original 1099 repeal proposal and using prevention dollars to pay for the impending reimbursement cuts:

Republican Senate aides familiar with the issue told POLITICO they are seriously looking at the new law’s $15 billion public health commitment to finance a one-year doc fix in the next session of Congress.

One aide said health reform’s preventive health spending is one of the “top three” offsets in the law that congressional Republican staffers are eyeing, with the idea that a few moderate Democrats facing tough races in 2012 could eventually be brought on board.

As for which part of the health reform law to pull funds from, Republicans have long derided the multibillion Prevention and Public Health Fund as wasteful spending, scoffing at its investment in bike paths and farmers’ markets. One Republican Senate aide quipped that it was a “slush fund for jungle gyms.”

The fund, which began this year with $500 million, will grow to a $2 billion per year allocation by 2015. Totaling $15 billion over the next 10 years, the fund would be nearly enough to offset an entire, yearlong doc fix.

This is fairly galling, not only because a long-term investment in prevention is exactly the kind of thing that might save dollars over the long term, but also because Republicans themselves encourage Americans to take personal responsibility for their health and catch diseases before they turn into costly, chronic conditions. The “slush” fund aspect they’re referring to — as far as I can tell — is a recent HHS decision to use $250 million to expand the primary work force — the very kind of investment that would help build the infrastructure and make sure there were people to help with screenings, immunizations and other needs.

And this, is something Republicans presumably support. In July, Sen. Jon Kyl (R-AZ) tried to take credit for the prevention funds in the Affordable Care Act, something Republicans had long advocated for:

- Sen. Chuck Grassley (R-IA) said the law’s emphasis on preventive care is good “because it costs less to keep people well than to treat them when they’re sick.”

- Sen. Mitch McConnell (R-KY): “Congress should be able to work together on our practical ideas that the American people support, such as reforming our medical liability laws to discourage junk lawsuits…encouraging wellness and prevention programs that have proved to be effective in cutting costs and improving care.”

- Sen. Saxby Chambliss (R-GA): “I am an original cosponsor of S. 1099, the “Patients’ Choice Act,” …. The legislation would make health care coverage accessible and affordable for all Americans through private insurance coverage, while also promoting prevention and wellness which can improve lives and lower long-term medical costs.

Kliff reports that “the idea of tying the doc fix to a partial health reform repeal has legs because it comes with a clear rhetorical message: Congress should not start creating new entitlements without the necessary funding to uphold existing ones.” I would argue that that the opposite argument can be even more persuasive — pulling money out of prevention should be dead in the water since it’s one of the handful of ideas Republicans presented as consensus areas when they urged Democrats to scrap the big bill and rally around just a few popular policies.

Mesoloan

Now, as for today's entrepreneurs, first up today was Hardika Shah presenting Mesoloan, a small enterprise loan program for Indian entrepreneurs in the $2,000-$20,000 loan size bracket. This is a segment that is well beyond traditional micro-finance, but also somewhat below the scope of the regular financial institutions. Hardika intends to build a financial institution focused on this segment with financing from social entrepreneurship oriented venture funds like Unitus.

It turns out that in my Vision India 2020 book, I have a similar project called FDBI. My personal analysis is that to make a financial institution successful by catering to the said segment will require a tight control of the types of businesses that are financed. This is why I have focused on micro-franchise oriented businesses where a tightly controlled structure is replicated across a large number of small businesses. My recommendation to Hardika is to study the FDBI project

DaisyClip

Next Annette McClellan presented DaisyClip, a non-surgical contraception device for women that she is in the process of syndicating a $1.8 million financing round for. Her market penetration plan is to start with India, and she wanted to know what kinds of options/connections we could provide. Well, there are some government and NGO contacts that I have in mind for her to explore. However, she will, of course, need to clear the clinical trials and get the proper regulatory approvals.

Voices.com

Our next presenter was David Ciccarelli discussing Voices.com, an interesting niche marketplace for freelance voice talent used by businesses and entertainment companies. David has 25,000 freelancers of which about 20% are paying subscribers (a very good number). He also has 120,000 companies using the talent from his marketplace.

David asked how to convert more of his users to paying users. I pointed him to the oDesk case study in which I have discussed the strategy for a marketplace in great detail. David is also struggling with the notion of his community taking the transactions offline.

Well, eLance has experienced similar problems, and I asked David to concentrate on communicating to his user base of service providers the value of building a reputation through references and reviews/customer feedback. Taking the transaction offline would mean the service provider would not get any feedback from the transaction. Nor will she or he get any assistance with dispute resolution, for example. Overall, I felt that making the reputation-building features available only to the premium members would be a good way to convert more free users to paying customers.

Marketing Green Products and Services to Indian Consumers

Then Tarini Kinkar discussed a media concept for marketing green products and services to Indian consumers. The business idea was not very well fleshed out, and needs a lot of work still. One of my key concerns is that the level of awareness about green and environmentally conscious issues is very, very low in India. Also, the business model for the business is unclear.

Klonos
bench craft company scam

Great news: Congress discovers exciting new ways to earmark « Hot Air

Great news: Congress discovers exciting new ways to earmark.

The Best of 2010's Animals in the News

2010 produced many weird, far-out, bizarre photos of people. But let's not forget all of the animals that made headlines over the past 12 months: from a rhino cow, penguin santas and lip-syncing monkey, we offer some of the best.

Fair & Balanced? Fox News' Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...

Thursday 30 December 2010

Tuesday 28 December 2010

Republicans Were For Prevention Before They Were Against It

Mesoloan

DaisyClip

Voices.com

Marketing Green Products and Services to Indian Consumers

Klonosbench craft company scam

Thursday 23 December 2010

Pooper-Scooper-in-Chief Reads His Children’s Book to Kids

Wednesday 22 December 2010

Funding

Email as a Platform

Personal Data as a Platform

Klonos
bench craft company scam