Content – Aug 11, 2011

 
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The Content August 11, 2011
In This Issue
Quote of the Day
Fed up! A Texas bank is calling it quits
U.S. blocks $1 million Italian supercar
Britain's rioters: young, poor, disillusioned
Years of liberal dogma have spawned a generation of amoral, uneducated, welfare dependent, brutalise youth
Despite growing resistance to smokeless tobacco, major league ban might be difficult to attain
Today's Audio

Jay Carney: unemployment

 

Pelosi 2010: unemployment

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Quote of the Day

machiavelli      

"Men are so simple and so much inclined to obey immediate needs that a deceiver will never lack victims for his deceptions."
 

 

 -Niccolo Machiavelli 

Fed up! A Texas bank is calling it quits

Going Galt

 

Main Street Bank lends most of its money to small businesses and is earning decent profits. But the Kingwood, Texas, bank is about to get out of the banking business.

 

In an extreme example of the frustration felt by many bankers as regulators toughen their oversight of the nation's financial institutions, Main Street's chairman, Thomas Depping, is expected to announce Wednesday that the 27-year-old bank will surrender its banking charter and sell its four branches to a nearby bank.

 

Click here to read the full article at the Wall Street Journal

U.S. blocks $1 million Italian supercar

NTSB nannies block awesome car

 

Italian automaker Pagani was to begin selling its $1 million, 700 horsepower Huayra supercar in the U.S. later this year but federal safety regulators have said "Not so fast."


Pagani had applied for an exemption from federal auto safety rules requiring child-safe "advanced" airbags, arguing that complying with the rule would have caused "substantial economic hardship," according to documents from the National Highway Traffic Safety Administration.

 

Click here to read the full article at Yahoo News

Britain's rioters: young, poor, disillusioned

And a little crazy

 

Each of the young rioters who clogged Britain's courthouses painted a bleak picture of a lost generation: a 15-year-old Ukrainian whose mother died, a 17-year-old who followed his cousin into the mayhem, an 11-year-old arrested for stealing a garbage can.

 

Britain is bitterly divided on the reasons behind the riots. Some blame the unrest on opportunistic criminality, while others say conflicting economic policies and punishing government spending cuts have deepened inequalities in the country's most deprived areas.

 

Click here to read the full article at Yahoo News

Years of liberal dogma have spawned a generation of amoral, uneducated, welfare dependent, brutalised youngsters

The products of the welfare state

 

A few weeks after the U.S. city of Detroit was ravaged by 1967 race riots in which 43 people died, I was shown around the wrecked areas by a black  reporter named Joe Strickland.


He said: 'Don't you believe all that stuff people here are giving media folk about how sorry they are about what happened. When they talk to each other, they say: "It was a great fire man!"

 

Click here to read the full article at the Daily Mail

Despite growing resistance to smokeless tobacco, major league ban might be difficult to attain

Nannies target MLB

 

A.J. Burnett reached inside a circular tin this past winter, pinched off a lump of finely ground tobacco and wedged it between his lower lip and gum, a process known as "packing a dip."

 

Burnett had dipped hundreds of times before, so he didn't think twice about the bulge protruding from his mouth, or the brown saliva he would soon need to spit out, or the consequences his habit might have on his health. It would have stayed this way, too, had Burnett not felt a tug on the back of his shirt.

 

Click here to read the full article at the NJ Star-Ledger

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