BSG ‘The Plan’ trailer and The 35th Saturn Award Winners…
Courtesy of greycoupon
More from AceShowBiz:
…A two-hour event, “The Plan” is a TV movie which serves as the prequel to the Sci Fi series “Battlestar Galactica“. It begins just after The Destruction of the Twelve Colonies, with two Cylon agents discussing the problem of the remaining humans, both on the planets, and those who have escaped into space.
Sci Fi will premiere the Edward James Olmos-directed movie in November….
By mkrzynecki
BSG cleaned up:
Syndicated/Cable Television Series:
“Battlestar Galactica“
Actor on Television:
Edward James Olmos – “Battlestar Galactica“
Actress on Television:
Mary McDonnell – “Battlestar Galactica“
Ace showbiz has the coverage
The rest of the winners:
Television Series:
“Lost“
Presentation on Television:
“The Librarian: The Curse of the Judas Chalice”
Supporting Actor on Television:
Adrian Pasdar – “Heroes“
Supporting Actress on Televison:
Jennifer Carpenter – “Dexter“
Guest Starring Role on Television:
Jimmy Smits – “Dexter“
Best Series on DVD:
“Moonlight”
Best Retro Series on DVD:
“The Invaders”
Learn more about the Saturn Awards here
Update: Bernanke gets Grilled on the Hill…
Update: Ben doing very very well in his testimony, Markets are ecstatic about it, Dow up 148…
Fed Chairman Bernanke under subpoena before Issa and Towns’ House Oversight and Government Reform Panel on BofA/Merrill merger
CNBC Live Stream Here
Ben’s prepared statement:
…Bernanke, in prepared testimony to a House committee investigating the matter, said he did not threaten action against Bank of America’s CEO Kenneth Lewis or the bank’s board members if they decided to abandon the takeover.
“Neither I nor any member of the Federal Reserve ever directed, instructed or advised Bank of America to withhold from public disclosure any information relating to Merrill Lynch, including its losses, compensation packages or bonuses or any other related matter,” the Fed chief said.It marked Bernanke’s first public comments since the House committee launched an investigation earlier this year into whether he or other government officials bullied Bank of America to stick with its plan to combine the two financial powers after Lewis found out about Merrill’s financial woes….
FD-MiM are shareholders…a list of our previous posts here
Market Mover Thursday: Bernanke under subpoena on the Hill, Jobless claims up, Final GDP for 1Q -5.5%…
Rep. Darrell Issa, R-Calif., says the Federal Reserve failed to disclose details about its involvement in Bank of America’s controversial acquisition of Merrill Lynch, and today Fed Chairman Bernanke will testify before the House Oversight Committee about the deal. Rep. Issa discusses the allegations with CNBC.
*FD- MiM are shareholders of BofA (and Merrill now also BofA, lol)
On this week’s jobless claims and GDP revisions (CNBC):
The number of people filing new jobless claims jumped unexpectedly last week, and the total unemployment benefit rolls rose to more than 6.7 million. In related news, the economy tumbled at a 5.5 percent pace in the first quarter, but appears to be doing better now.
The department said initial claims for jobless benefits rose last week by 15,000 to a seasonally adjusted 627,000. Economists expected a drop to 600,000, according to Thomson Reuters. The number of people continuing to receive unemployment insurance rose by 29,000 to 6.74 million, slightly above analysts’ estimates of 6.7 million. The four-week average of claims, which smooths out fluctuations, was largely unchanged, at 616,750.
Extended Benefits Unemployment Numbers up also:
Millions of Americans also are receiving jobless benefits through a federal extension enacted by Congress last year. For the week ending June 6, more than 2.4 million people received benefits under the extension, which adds 20 to 33 weeks on top of the 26 weeks typically provided by states. About 288,000 people also are receiving benefits under state emergency programs, bringing the total jobless benefit rolls to nearly 8.8 million that week. The extended benefits data lags initial claims by two weeks.
GDP:
…Gross domestic product, which measures total output within U.S. borders, dropped at a 5.5 percent annual rate in the first quarter after shrinking 6.3 percent in the fourth quarter of last year and 0.5 percent in the third quarter. The GDP reading was the final one for the first quarter. The Commerce Department initially said it contracted 6.1 percent, then revised that to 5.7 percent and finally to a 5.5 percent fall. GDP is expected to decline again in the current quarter ending June 30 though less severely than in the first quarter.
The Consumer:
…Consumer spending, which fuels two-thirds of U.S. economic activity, increased at a downwardly revised 1.4 percent rate instead of the 1.5 percent previously estimated….
Alternative Programming for ABC Infomercial Nite…
By Navy Carrier Squadron, VAW-113 Black Eagles’ version of the All American Rejects “Move Along”
By IGN
Catch up on Harper’s Island, all the episodes up on Youtube courtesy of CBS here
Congressman Tim Bishop Encounters Angry Citizens at Townhall Meeting
Watch my mom’s Weaselly Congress Critter RUN from his constituents at a Town Hall!
BWAAAAHAAAAAAAAA!! Yeah keep looking for that TOTUS poll bump at your next election Bishop! Especially when all the Seniors like my mom get a load of the proposed Medicare cuts!!! And the cap and trade tax hike!!!!
Courtesy of srfspc0953
Congressman Tim Bishop has been a Rubber Stamp for Nancy Pelosi, Barney Frank and the rest of the Washington elitists who want to tax and spend this nation to death. Some angry taxpayers had a little surprise for him at one of his “Town Hall” meetings on June 22, 2009.
Update: Issa says Fed in cover up, Bernanke to testify under subpoena..Market Mover: FOMC Decision and Statement…
Update 3: CNBC has the Issa story up here
Update 2: Dow as up 50 and now up 7 since FED announcement. I think the market is also scared shxt of what will happen as Congress goes after the Fed…that Issa announcement was simultaneous with the FED decision…
Update: Fed stands pat, rate unchanged, will maintain low rates for extended period (love you long time), removed the line about DE-flation, good finally! but NO EXIT STRATEGY. Bond rates up a bit as prices down a bit. Nothing in the stmt backed off quantitative easing at all, they reaffirmed it. If you are looking at it as a foreign holder of our debt, I see nothing here to reassure you, which to me suggests higher rates a comin’ from Bond Vigilantes…
Right before the announcement Darryl Issa R-CA came on CNBC backing a statement his office released saying Ben Bernanke and the FED had concealed concerns about the Merill BofA deal from OTHER REGULATORS, and Ben is appearing under subpoena to answer questions.
Not a good thing for market stability and as a shareholder I am biased on this. But if it is what I think it is, i think Bernanke and Paulson kept Sheila Bair and the FDIC in the dark on the potential losses for BofA if Merrill deal went thru..
if it helps FDIC get some of the power Team TOTUS is trying to give to the Fed (which will then promptly be given to Larry Summers in Jan) then I am all for it. the FDIC is the only regulator on the ball and Sheila Bair was warning about subprime exposure of broad market losses way ahead of everyone else…
anyway that is a WOW announcement that was buried in the FED release..Towns is trying to stop investigation into Countrywide VIP loans for Dodd and Conrad, but Issa is pushing as he can….
Best Market Lesson I ever Learned: DONT FIGHT THE FED*
ginaswo
