True Blood: Cut Scene from S1 E1: Sookie’s Fairy Godmother and the first Tara…

A scene cut from S1 E 1, if you have read the books you know who that is behind the tree/shrub helping Sookie :0)

Courtesy of thegunsong

And the FIRST person cast as Tara, (language alert)

compare to OUR Tara, Rutina Wesley

Courtesy of Nafterlife

July 15, 2009. Tags: , , , , , . Charlaine Harris, Entertainment, Fantasy, Fiction, Horror, Popular Culture, Sci Fi, True Blood, Urban Fantasy. 2 comments.

Update: CIT Group files bankruptcy; No Government aid for CIT….Thursday Market Mover: Paulson on the Hill…

Update: 11/2/09:  Bad, sad news, CIT Group went belly-up this weekend despite the 2B taxpayer infusion and the Carl Icahn offer. Bad news for small business. But it is an attempt to dump the debt and live on, so maybe it will live to fight another day.

WSJ:

CIT Group Inc. filed for bankruptcy protection Sunday, in a final attempt to restructure and keep the doors open at the century-old commercial lender.

Now, the lender to nearly a million small and midsize businesses must maintain its customer base as it tries to rehabilitate under Chapter 11 protection. Most financial firms sell off assets or liquidate in bankruptcy amid fears that customers will draw down credit lines and spark a run on the bank.

But CIT garnered support from about 90% of voting debt holders for a prepackaged reorganization plan that could allow the lender to speed through Chapter 11 and emerge with a new business model by year’s end. Under the plan, bondholders will exchange their debt for new debt that matures later, as well as nearly all the equity in a reorganized CIT.

The bankruptcy stay would eliminate some $10 billion in debt from the lender’s balance sheet, the company said. CIT has been weighed down by more than $30 billion in bond debt.

A $2.3 billion taxpayer bailout extended to CIT late last year under the Bush administration will be wiped out in the bankruptcy. Common shareholders will be wiped out, too.

The plan is among the first attempts to restructure a financial firm in bankruptcy court and have it emerge relatively intact. The board approved CIT’s decision to seek Chapter 11 protection in a meeting Sunday. “The board appreciated that this is a [historic] sort of filing,” said a person close to the lender. “It is clearly unprecedented.”…

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Charlie Gasparino is reporting on CNBC’s Kudlow that Sheila (Bair of FDIC) brought the hammer down and drew the line in the sand saying NO MORE BAILOUTS…shxt it would have to be on small business that the money train dried up eh?

Well, we love Sheila here at MiM (we wanted her or Jamie Dimon of JPMC for Treasury)and Timmeh was saying from Saudia Arabia that he was confident they would find a way to do the bailout, so we enjoy it when his toes are stepped on, bitter and petty that’s us today fer shure, BWAAAAHAAAA.

Hope Sheila’s foot met Timmeh’s axx on this one, FDIC should have the too big to fail wipeout authority IMO not the Fed and for Gawds sake not the Treasury….

CNBC on imminent CIT bankruptcy following FDIC and Treasury decision not to bailout…

CIT Group, a major lender to small- and mid-sized U.S. businesses, said on Wednesday that talks with the government to bail out the company had ended, a development that could make bankruptcy likely.

…”Discussions with government agencies have ceased,” the New York-based company said in a statement. “There is no appreciable likelihood of additional government support being provided over the near term.”

The announcement came after last-ditch talks in which Treasury Department had been concerned about a worsening liquidity crunch at CIT over the last few days, and that government aid would not put the lender on a path to recovery….

Tomorrow BIG NEWS will be HANK PAULSON testifying on Capitol Hill about the Merrill BofA shenanigans, should be lots of fun. Hanks is the man who handed free market capitalism over to the government and then retired with hundreds of thousands of Golden Slacks shares…..Hank Hank Hank, when he sees whatis happening now how does he feel? He opened this door and TOTUS swagga’d through it….

Our MANY posts on Hank, Timmeh, AIG, Merrill, BofA, CITIBANK, Sheila, are too numerous to link…

071025_paulson_0

Smashing Pumpins fan made video with footage of Tours in France, courtesy of buissonland

July 15, 2009. Tags: , , , , , , , , , , , , . FDIC, Finance, Music, Obama Administration, Politics. 1 comment.

Horror Literature: Pride and Prejudice and Zombies to the Big Screen..Sense and Sensibility and Sea Monsters to be released soon…

Well I did say I would pay to see the film, and they have gone ahead and taken us up on it!!! Also coming soon a sequel..Sense and Sensibility and Sea Monsters

Well, the Australian Herald Sun newspaper now reports that Hollywood is sniffing around, like a walking dead man after brains, to turn the satirical book into a movie.

SciFiWire:

Did you love Pride and Prejudice and Zombies—the hit mashup novel of Regency manners and bloody mayhem, soon to be a major motion picture? Then you’ll love the follow-up, Sense and Sensibility and Sea Monsters, by Jane Austen and Ben H. Winters;

Here’s how publisher Quirk Books describes the new book, due on Sept. 15:

From Quirk Books—publisher of the New York Times best seller Pride and Prejudice and Zombies—comes a new tale of romance, heartbreak and tentacled mayhem! Sense and Sensibility and Sea Monsters expands the original text of Jane Austen’s beloved novel with all-new scenes of giant lobsters, rampaging octopi, two-headed sea serpents, swashbuckling pirates and other seaworthy creatures. …With Sense and Sensibility and Sea Monsters, Quirk Classics has also developed a new Austen-to-monster ratio. Instead of featuring 85 percent of Austen’s work and 15 percent new text, as in Pride and Prejudice and Zombies, Sense and Sensibility and Sea Monsters features 60 percent Austen and 40 percent additional monster chaos! Most importantly, this new Quirk Classic stays true to Austen’s original novel …

July 15, 2009. Tags: , , . Entertainment, Fiction, Horror, Popular Culture, Sci Fi. Comments off.

Market Update: Averages make a run on upbeat Fed forecast….

DOW up over 200 on FOMC forecast. D-E-N-I-A-L.

Intel reported kickass earnings (Intel gets 85% of their profit from overseas)..the banks earnings (outside Golden Slacks, which do not reflect the TOXIC ASSETS we heard oh so much about) are not worth the paper  they are written on…

The FED (FOMC) meeting minutes were released along with their new economic outlook which has a higher call for GDP and a call for higher unemployment than previously forecast. MiM thinks they are off on both, even the inventory build everyone is expecting to push us to a positive GDP for the 3Q 09, is for MiM anyway in doubt..

Were I the manufacturer, producer, retail chain store inventory manager I would NOT build an inventory right now..ahead of the CONSTANT, ENDLESS ASSAULT on capital from, well the Capitol…

They are now proposing a WATER SURCHARGE on businesses that use a lot of water, to rebuild infrastructure…

Take your profits and bury them in the yard, sheeeet, maybe we will get a chance to spend those dilly dollars before the inevitable inflation bites us in the axx….assuming the Man doesn’t come take it first for the GREATER GOOD…frakkers..

I cannot think of a worse time to propose an individual mandate than when people are cutting back on FOOD out of necessity, NOW is not the time to tell them they MUST pay for insurance….

DOW up over 200 right now, on a serious tear people….Have I mentioned that TOTUS felt the need to make an appearance on tv to support the House Health Care bill (the one that is counter to everything he said in the primaries) just as Hill’s first big speech was starting, he sucked the air out of the room for her like he sucks the animal spirits out of the marketplace...have to go to MSNBC, ugh to get highlights of her speech which even they the He Man Woman Haters Club says was great, too bad none of us got to see it cause the publicity HOG was on …AGAIN…people are writing FREE HILLARY! pieces already….

We got ONE SENTENCE on Hillary’s speech from Reuters:

“Success in Afghanistan also requires close cooperation from neighboring Pakistan, which I will visit this fall,” she said in a speech at the Council of Foreign Relations think tank.

U.S. Secretary of State Hillary Clinton, who visits India later this week, said on Wednesday she will go to Pakistan in the fall.

GOLD back up over 940 BTW…

and PS TOTUS now considering BUYING peoples homes and letting them RENT them back, so Uncle Sam would own the house. But he wouldn’t do HOLC when it would have helped and attacked Hill for suggesting it (she proposed HOLC this in September 2008). some day’s the hypocrisy bothers me more than others…..

July 15, 2009. Tags: , , , , , , , , , , , , , , . Politics. 1 comment.

Health Care Update: Blue Dogs to Roll Over Again in House? : Senate Cmte passes bill on party lines…

Update 3: Ed at HA is covering the details on how this will hit our pocketbooks and the economy at large…

Update 2: Apparently the Propagandist in Chief is taking to all our airwaves yet AGAIN to do the hard sell, see MM for details….

…Noel Sheppard reports: “All Three Nets To Interview Obama About Healthcare Wednesday.”…

Update: FOX interviewing Blue Dog Rep Jim Matheson D-UT he says he cannot support the bill as it is written now…

CALL YOUR CRITTERS!!

Bills are now out of House and Senate Cmtes. They are pushing this through before the August economic forecasts need to be revised by the WH…Once that revision comes it will be CLEAR we cannot afford this…

In the House Bill there is an 8% payroll penalty for small businesses that do not offer insurance, there is a 2.5% penalty on individuals, and of course there are also MASSIVE SERVICE AND PAYMENT CUTS to Medicare as well as surcharge taxes on income for individuals and small businesses (WSJ)…

This is everything TOTUS whined at Hill about during our primaries, the individual mandate and the penalties, yet he is endorsing the House bill…this is 16% of our GDP folks…

Here is one (or two!!!) for my party which is OFF THE RAILS…God Save the Middle Class and Small Business…

Great analysis from Keith Hennessey:

…As expected, the House bill would mandate that individuals and families have or buy health insurance.But what if they don’t buy it?

Then Section 401 kicks in.  Any individual (or family) that does not have health insurance would have to pay a new tax, roughly equal to the smaller of 2.5% of your income or the cost of a health insurance plan.

[ Technical note:  From the legislative language, it appears the tax = min( 2.5% * (modified AGI – personal exemption), average premium cost).  In the examples below, for simplicity I assume modified AGI = AGI.]

I assume the bill authors would respond, “But why wouldn’t you want insurance?  After all, we’re subsidizing it for everyone up to 400% of the poverty line.”

That is true.  But if you’re a single person with income of $44,000 or higher, then you’re above 400% of the poverty line.  You would not be subsidized, but would face the punitive tax if you didn’t get health insurance.  This bill leaves an important gap between the subsidies and the cost of health insurance.  CBO says that for about eight million people, that gap is too big to close, and they would get stuck paying higher taxes and still without health insurance.


Example 1:Bob is single and earns $50K per year.  He earns more than four times the federal poverty level, so he does not qualify for subsidies under the House bill.

Bob works for a five-person small business that does not provide him with health insurance.  His $50K wage is average for this company, which therefore does not qualify for the new small business tax credits.

This company is small enough that they do not have to pay the IRS any fee for not providing Bob with health insurance.  (See the table on page 184.)

With only $50K of income, Bob cannot afford to buy health insurance.  Under the House bill, he would then have to pay about $1,150 per year in higher taxes to the government.  That’s 2.5% of (his income minus a $3,650 personal exemption).

I went shopping for Bob on eHealthInsurance.com.  He is 50 years old and a non-smoker, living where I do in Virginia.  The cheapest bare bones policy he can get is $1,620 per year.  Most plans are in the $3K – $5K range.  That $470 difference between the tax and the cheapest premium is more than Bob can afford on a $50K pre-tax annual wage.

To summarize, under the House bill:

  • Bob is a single 50-year old non-smoking small business employee who makes $50K per year before taxes and does not have health insurance.
  • Bob cannot afford a $1,600 bare bones health insurance policy, much less a $3K — $5K policy.
  • Bob would get no subsidies under this bill, and his employer would face no penalty for not providing him with health insurance.
  • Bob would end up without health insurance and would have to pay $1,150 more in taxes. (more…)

July 15, 2009. Tags: , , , , , , , , , , . Economy, Finance, Labor Department, Music, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. Comments off.

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