Saturday, March 24, 2012


Wednesday, March 21, 2012

Life in "Progress" City - Cincinnati edition

A 4-year-old child was shot in the leg - an unintended victim of a shooter who was aiming for someone else, police said.The shooting was reported around 7:20 p.m. in the 800 block of Blair Avenue.

The child was taken to Children’s Hospital Medical Center. The child is expected to recover, Cincinnati police said early Wednesday.

He suffered non-life threatening injuries and was kept for observation overnight at Cincinnati Children's Hospital Medical Center.

No arrests have been made.


Who benefits from the Keystone stoning

Well if you were to guess George Soros, you'd be wrong but how about another spokesperson for the administration, Warren Buffett............

Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit.

With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department.

“Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A), said in an interview. If Keystone XL “doesn’t happen, we’re here to haul.”

The State Department denied TransCanada a permit on Jan. 18, saying there was not enough time to study the proposal by Feb. 21, a deadline Congress imposed on President Barack Obama. Calgary-based TransCanada has said it intends to re-apply with a route that avoids an environmentally sensitive region of Nebraska, something the Obama administration encouraged.

It pays to know low people in high places........


When green isn't so green

It cracks me up that your average Branch Gorevidian believes that stopping the Keystone pipeline construction is somehow better for the environment than filling a tanker half way across the world and delivering the oil to an American refinery.

Or, as it pertains, to haul Canadian oil south on rail cars............

On any given week, three to seven CP Rail trains laden with crude oil from the North Dakota Bakken field whisk across North America, bypassing the pipeline bottlenecks in mid-continent that are depressing oil prices and unaffected by the noise in Washington, D.C., that is holding back the Keystone XL pipeline.

It’s a roaring business. In 2009, when Calgary-based Canadian Pacific Railway Ltd. started dabbling in crude oil transportation, it moved 500 of its black barrel-shaped cars out of the basin. Last year, its oil trains carried 13,000 cars and soon CP could be moving 70,000 cars or more a year out of the North Dakota Bakken tight-oil field alone.

With each tank car containing 650 barrels of oil, that’s 126,000 barrels a day — a significant pipeline on rail.

“We think that’s foreseeable in the not-too-distant future, and we think based on what we are doing now there is potential above that,” Tracy Robinson, CP’s energy and merchandise vice-president, said in an interview.

It’s not the pipeline on rail that some were envisioning some years ago, when Canada’s major railway companies, Montreal-based Canadian National Railway Co. and CP, started looking for ways to get a piece of the growing Alberta oil sands by offering alternative transportation.

Because, afterall, we all know that there has never been a railroad accident.


Forget John Galt, where's his 60 billion

Overseas. Where it will stay until the US revises it's corporate income tax code..............

Apple made an aggressive pitch for a corporate tax holiday Monday, stressing that it plans to keep more than $60 billion parked offshore until Congress makes it easier for companies to bring those profits home.

The warning from the nation’s most valuable company came as Apple announced it would pay a dividend to shareholders and buy back stock, moves that will cost about $45 billion over three years.

Who needs any of that cash?


Tuesday, March 20, 2012

Life in "Progress" City - Detroit edition

It just keeps getting more "progressive" in Detroit............

Despite assurances from Clint Eastwood and Eminem, Detroit’s rebirth may be on hold, as the city is on a Greece-like track to run out of money before summer, and things are getting increasingly testy between the state’s Republican governor and the city’s Democratic mayor.

Although the automotive sector and some other parts of the city’s business picture have bounced back in recent years, Detroit city government finances are still on an unsustainable course, and the city does not have a viable fiscal plan to avoid running out of money in May.

Last week, the city rejected a proposed consent agreement that would have given a nine-member state-appointed oversight board a voice in city government and started a war of words with the state government, which has its own deadline set for next week.

Mayor Dave Bing said it would be “nuts” to think he would accept the oversight board. “When I did read it, I was appalled.” Mr. Bing and the City Council were expected to meet this week to come up with their own plan, though such efforts have failed in the past.

Well hey, you're doing such a good job, I can see how it would be an insult..........


Life in "Progress" City - Chicago edition

Chicago’s police superintendent says the city is re-tooling its anti-gang strategy, following a particularly violent weekend during which several people, including a 6-year-old girl, were killed.

Garry McCarthy says the intelligence is there. It’s just a matter of getting the information to beat officers so they can anticipate a retaliatory gang shooting.

“We’re going to get our head around this thing and we’re going to turn it around is what it boils down to,” McCarthy told reporters on Monday. “If we were sitting here saying we don’t know what’s going on, we don’t know what to do, that would be a different situation. We know what’s going on. We’re putting pieces in place to make sure we can stem this tide.”

So far this year, there have been 94 murders in Chicago. There were 66 in the same period last year. There have been 408 shootings so far this year, compared to 296 in the same period in 2011.