Update 2: Chrysler sale on hold for appeals court ruling: Video Update: GM, Chrysler Execs and more importantly Dealers themselves on the same panel, on the Hill now..

Update 2: Via Gabriel Malor at AceHQ, there is an appeal on the request for a stay of the sale, of standing, and of a removal to a court of general jurisdiction, the full scoop here…

…The sale hearing was supposed to happen tomorrow, but it’s now on hold while the Second Circuit Court of Appeals takes a stab at the stay motion. The oral argument at the appeals court will now be on Friday. What happens next will largely depend on how the court rules. Earlier, the bankruptcy judge stated that his breakneak pace is because Chrysler is losing $100 million a day while it waits on the sale….

Video Update courtesy of the lady herself:

must see if you can CSPAN should have it

also on FOXBusiness live now..

Jim Press Chrysler President is a lying liar obfuscator of facts, evader and wielder of vague generalities and the dealers on the panel with him have made that abundantly clear..Press claims he has a log showing chrysler contacted every single dealer, the dealer on the end of the table says he  has been contacted exactly once June 2 after Sen Hutchison called Chrysler for him…

I say they are lying , obfuscating  facts, evading and wielding of vague generalities, these execs b/c they wont give ANY detailed explanation of metrics used to shut these dealers down, they just keep saying the auto task force was not involved at all, I call BS….ohh Fritz is getting nailed down on how much Car Czar team knew and when.

AHA now it comes Fritz was told on March 31st that they were too slow and Not Aggressive enough, uh huh, see they WERE involved, oh ches….aHA Rattner and Bloom…they cant say how much money it will save to close these dealers down….that was Sen Mike Johanns R-NE asking great questions!

Sen Hutchinson says a NEW dealer will have to be setup in Waco TX b/c all three of them were closed down…

Now Fritz says there was no cost benefit analysis done?? WTF? WTF? No cost benefit analysis of location by location, Chrysler too! wth?!

Press says only non performing dealers are closed, dealer says one guy in WVA who gets to stay open only sold 19 cars last year and has his ‘dealership’ on his front lawn, while he has been closed…

this is the last best chance these dealers have..

Sen Kay Bailey Hutchinson has their back and made Press look like the liar obfuscator he is in her sweet TX way

Amy Klobuchar is taking Press to task now for her MN dealers…

This one Chrsyler dealer his grandfather opened his dealership in 1918, kept it open thru wwii depression etc and is profitable…

unreal!!

check it out, will get clips up as theya re available…

June 3, 2009. Tags: , , , , , , , , , . Big 3, Economy, Finance, Obama Administration, Politics. Comments off.

Update: Monorail!!Iowahawk: The 2012 Pelosi GTx SS/RT Sport Edition…

Coast to Coast monorail thats the ticket!

BWAAAAAAHAAAA-FRAKKINHAAAAAA!!!

By Iowahawk :)by way of HA!)

…”a brief reminder that I’ve been expecting this for some time. Video from December 2008, based on a November Iowahawk post. Worst part of having a prophesier’s curse: it doesn’t work on the lottery.:”

June 3, 2009. Tags: , , , , , , , , , , . Comedy, Economy, Entertainment, Obama Administration, Politics, Popular Culture, Uncategorized. Comments off.

TSCC: We Are The Resistance – German Version…

A great German song from yogi2k7 with the video from Cinebo and SchamckProductions:

VIDEO PROPERTY OF SchmackProductions & Cinebo
http://www.youtube.com/user/SchmackPr…

http://www.youtube.com/user/cinebo

http://www.savethescc.com

Music Xavier Naidoo – Was wir alleine nicht schaffen

(more…)

June 3, 2009. Tags: , , , , , , , , . Entertainment, Fantasy, Film, Music, Popular Culture, Sci Fi, Urban Fantasy. Comments off.

Update: Scroll Down for update: Megyn Kelly Shouts Down Bernie Sanders On Dem-Only Nationalized Healthcare Plan…0 GOP invited to summit

Vodpod videos no longer available.

Clip courtesy of mghoft:

“Megyn Kelly and Bill Hemmer reported on the Democrat-only meeting with President Obama on the nationalized healthcare plan they are planning on ramming through Congress.”

Bernie is VERY CONCERNED that he be ABSOLUTELY CLEAR that there is NO PLAN.

this is part of Daschles book on how to ram through health care with no debate or dissent, dont reveal the plan until the vote, HA! frakkers..

I want my pap smear, NEVER thought I would have to demand a pap smear,  sheesh am I right ladies, least favorite thing about being a woman? pap smears and mammograms

but ya know UK wont pay for them  the way we do as part of routine care, cost control….

Hey nitwits on the Hill! You cant work we GEN Xers until we are 85 unless you give us our damned hip replacements- Bernie I am talking to you!

Update: In the clip, Bernie makes a lot out of the high administrative cost of benefits in CA, staying it is a rip off. Maybe he should consult with an insurer before he makes these invalid assumptions. no doubt they were briefed by the SEIU at the ‘summit’ lol.

As someone who spent 20 years in various aspects of medical insurance, the bulk of it in claims processing, let me attest to the fact that the reason it is much more expensive to adjudicate medical claims for CA insureds is the incredible number of state mandates on benefits in CA.

For example, I have worked in situations where we had to set the software up to kick out virtually every CA claim for manual adjudication, because the software cannot handle the multiple state mandates, eligibility and timely processing edits on auto adjudication.

It is a well known pearl of wisdom among health insurance workers who are in the know, to live in CA if you plan to have a baby since their maternity leave is the best, the same thing is true of their state mandates for health care and benefits. A person has to manually look at most of their claims, well woman exams are different there, pregnancy is different there, pre existing is different there, anything they could think of to legislate they did and continue to do

No doubt that is one reason why CA is broke…do they not realize the same economic motivations that would impel a business or a person to move in to or out of a state, ie tax rates, regulation, ALSO impel people to move to a state for better Nanny benefits? again no doubt why CA has such a large drain on its social services..it is basic economic theory and human behavior…

To quote Field of Dreams, If you cover them, they will come…

more about “Megyn Kelly Shouts Down Bernie Sander…“, posted with vodpod

June 3, 2009. Tags: , , , , , , , , , , , . Economy, Finance, Healthcare, Obama Administration, Politics, Taxes, Uncategorized. Comments off.

Update: Icahn group says 2 of 4 dissident nominees have won Board seats….Carl Icahn seeks DE Court ruling to halt voting in BiogenIdec board elections…

Update: 3:29pm Mike Huckman reports Icahn group says they have won 2 of 4 dissident shareholder board seats….Alex Denner of Icahn Capital says the goal is not to break up BiogenIdec but to help the company execute..

A BiogenIdec spokesperson says results are still being tabulated and it is too early to speculate on results..

BIIB is up 1.03 right now…mhuckman is on twitter

________________________________________

Mike Huckman on CNBC has the scoop, he is at the shareholder meeting LIVE:

BiogenIdec declared the meeting and voting in recess until 200pm..they are keeping voting open!

Carl’s people say they have already won seats on the board with their dissident shareholder platform, and BiogenIdec is keeping the voting open and calling blocks of shareholders to try to get them to change their votes…shades of Indiana, Gary, Dem primary last year, or any Illinois election apparently, lol,…

Carl will have none of it, and this Whale is headed to DE court now to get I am guessing an injunction..

I love this kind of action :)), here is a Carl on FastMoney 9/08, love when Karen crushes on Carl, lol

Clips courtesy of andrewlacerenza

Carl Icahn schools the crowd on CNBC’s Fast Money. This show was aired on September 19, 2008 – live in New York from the Time Warner Bldg overlooking Columbus Circle and hosted by Dylan Ratigan. This was a town hall style show, with guest Carl Icahn, discussing the future of Wall St. Quote: “…eventually you’re gonna have all MORONS running the company.” – Carl Icahn

June 3, 2009. Tags: , , , , , , , , . Economy, Finance, Wall St. Comments off.

Update: Media Hack Bows to his King…

bwbfrom Drudge

This picture cried out for musical accompaniment…

June 3, 2009. Tags: , , , , . Politics. 2 comments.

Breaking Update: Ben says rising deficits will hurt recovery..Market Mover Wednesday: Bernanke Speaks…

Update: Finally yay Ben says rising deficits will kill the recovery NO SHXT SHERLOCK!! RIGHT ON!! Tell them to STOP SPENDING!!!!!!!! From his prepared remarks..yes no shxt, the DEBT is raising the long end of Treasurys which will KILL the incipient housing recovery tell em Ben tell em!!!

Federal Reserve Chairman Ben Bernanke warned Wednesday that rising U.S. debt was contributing to a spike in longer-term interest rates, and said now was the time to start working on reining in deficits.

He gave no clue as to whether the U.S. central bank would step up its purchases of government debt or mortgage-backed securities to offset the rising borrowing rates, something investors have been watching for.”Maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance,” Bernanke said in testimony prepared for delivery to the House Budget Committee.

Unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth,” he said.

…He said financial markets had improved, thanks in part to the Fed’s efforts to restore lending, but he noted the recent spike in yields on longer-term Treasury debt and fixed-rate mortgages.

“These increases appear to reflect concerns about large federal deficits but also other causes, including greater optimism about the economic outlook, a reversal of flight-to-quality flows, and technical factors related to the hedging of mortgage holdings,” Bernanke said.

Q/A with the Critters to follow!! But Ben has thrown down the gauntlet STOP DEFICIT SPENDING NOW NOT IN A YEAR NOW NOW NOW

It’s not quite 6 minutes to midnight( or 2 for you Eddie fans), it’s 8 minutes to Gentle Ben, who is really the only thing keeping our economy afloat, his FED policies have given us the lift while TOTUS’ plans are acting as a dead weight on the economy IMO….when TOTUS replaces Ben with Larry Summers, well then all bets are off and Carter will seem like the good ole days…shiver…..I betcha he will do it too, 2010…

CNBC will cover Ben live here, stream will launch when he comes on….addressing Congressional Budget Committee…

Markets seem off their sugar high, DOW down 87 now despite relatively good ADP job numbers, in which we lost a mere 532k jobs in May, of course many analysts question the accuracy of ADP numbers, they did revise last month lower as well..

MiM, bearish as ever, thinks tomorrow’s weekly and Friday’s monthly job numbers will be the ones to watch, and the revisions to the last data that are now ubiquitous….I think traders should take the 30% head fake rally they have and be happy…when unemployment continues to spike which it will without organic job growth, (ie non government hiring and an actual ORGANIC expansion of GDP) the result will be nasty..

Consumers are showing not one sign of buying the rally, how can we, we are broke?! and Team TOTUS just keeps on spending…which makes us FEEL more broke thus we spend LESS…get a clue Congress Critters..

Ben updating Congress momentarily….

Rickster just reported factory orders up 0.7  March revised to DOWN 1.9 in March, wayyy lower that revised number!!

June 3, 2009. Tags: , , , , . Economy, Finance, Housing, Labor Department, Obama Administration, Politics, TARP, Taxes, Uncategorized, Unemployment Statistics, Wall St. Comments off.

True Blood Season 2: Sneak Peeks & Scoop from creator Alan Ball and the incredible career of Michelle Forbes…

Clip courtesy of Solymar25:

IF YOU MISSED THE FIRST SEASON YOU CAN WATCH THE 12 FULL EPISODES HERE:
http://vampire-lovers.blogspot.com/se…

Kewl! Love to see the link to the books is there, but loose enough so we dont know for sure what will happen next…

truebloods2

SciFiWire:

…”Everything gets deeper,” Ball said on Tuesday. “Everything gets more intense. It’s a lot scarier. It’s sexier. It’s just really, really fun. I feel like each season is a novel, and the episodes are just chapters. Especially the way our show is. The episodes are not self-contained. You know, you gotta be involved in the story, and you gotta know what’s going on.”

True Blood’s second season begins June 14 in its Sunday 9 p.m. ET/PT timeslot. The season is based loosely on the second book in Charlaine Harris’ Sookie Stackhouse Series, Living Dead in Dallas, Ball said.

“Sookie [Anna Paquin] and Bill [Stephen Moyer] will go to Dallas to help find a missing vampire who is the sheriff of the Dallas area,” Ball said. “And Jason [Ryan Kwanten] is going to become involved in the Fellowship of the Sun Church in a way that is really surprising. … There’s a very interesting relationship in the show between Rev. Steve Newland of the Fellowship of the Sun Church and his wife, Sarah [Anna Camp], and Jason, that just took on its own life as we were shooting, and it’s hilarious. I can’t get enough of the Newlands and Jason together.”

And Sookie’s hometown of Bon Temps will have some drama as well when Maryann Forrester, played by Michelle Forbes, “begins stirring up all kinds of trouble,” Ball said. Last season Maryann appeared to offer Tara (Rutina Wesley) some goodwill and a place to stay. But “she’s got an agenda, and it’s not a good one,” Ball said….

Ball also said there will be no Bubba/Elvis as he couldn’t get it in without seeming cheesy…ahh well, maybe we will get to have a few more seasons of Lafayette instead (you fans of the novels know what I mean!!!!)

And is anyone else INCREDIBLY impressed with Michelle Forbes’ career? I mean she is in practically every must see series of which I am a fan, ST:TNG, ST DS9, 24, Lost, Wonderland, BSG, True Blood, even In Treatment ….she is the six degrees of Michelle Forbes now baby, Kevin Bacon is old school lol…

michelle-forces

Courtesy of cewarner

Great Mulan-Be A Man – Razor Tribute to the women of Razor, lol!!!

June 3, 2009. Tags: , , , , , , , , . Battlestar Galactica, BSG, Entertainment, Fantasy, Film, Horror, Mystery, Popular Culture, Sci Fi, Suspense, True Blood, Uncategorized, Urban Fantasy. 2 comments.

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