Louisville Coach Rick Pitino Paid For Abortion After Accused Rape: Lessons in Being a Modern Gentleman

August 12, 2009

A good gentleman, in the modern era, knows how to take care of his lady friend. He knows that he should be willing to pay a measly $3,000 to get rid of the inconvenient offspring of his possibly violent and undesired tryst. That’s the classy thing to do, even if you’re a famous basketball coach.

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Report: Russia Asserts Itself in Ukraine Once Again

August 12, 2009

Of concern, for a variety of reasons: “Since the Orange Revolution, Yushchenko’s popularity has nearly disappeared. More Russia-friendly political figures, like former Prime Minister Viktor Yanukovich, are currently leading in polls… With presidential elections just four months away, it seems likely that a pro-Russian regime will soon retake the helm in Kiev.”

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Ruffini and Ambinder Debate Town Halls: Energy at the Edges Moves the Center

August 12, 2009

Patrick Ruffini on town hall protesters: “Take as an object lesson the Bush Administration’s treatment of the anti-war movement. Early on, they were, in words Marc used, easy to mock… However, the left ultimately won the political argument about the war… because the ever-increasing chorus of opposition eventually ignited a media backlash against the war.”

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Obama Tries to Fine Tune Health Care Message at New Hampshire Town Hall

August 12, 2009

The President’s trip to the fractious town hall world is somewhat less interesting than expected, other than a few flubbed lines. “So where were all the protesters? Even White House spokesman Robert Gibbs yesterday said the President was ready for a “spirited” debate on the issue. But there was not a heckler in sight.”

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China's Economy Cools Down as Bank Lending Slows

August 11, 2009

“Industrial output expanded by 10.8 per cent in July from a year before, less than most economists had predicted. Fixed asset investment growth rose 32.9 per cent from a year earlier for the first seven months of year, indicating some slowing in July as half-year growth had been 0.7 percentage points higher.”

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Bombs Targeting Shiites in Iraq Kill at Least 48

August 10, 2009

BAGHDAD – A double truck bombing tore through the village of a small Shiite ethnic minority near the northern Iraqi city of Mosul, while nine blasts wracked Baghdad in a wave of violence Monday that killed at least 48 people and wounded more than 250, Iraqi officials said.

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Cruelest Month Awaits: VIX Signals S&P 500 Swoon as September Approaches

August 10, 2009

“It’s a danger sign,” said Ronald Egalka, a 36-year options trader who oversees $8 billion as chief executive officer of Rampart Investment Management in Boston. “People expect volatility to pick up in the future, and that implies that there’s going to be a downward movement in the market.” Have we really found the floor?

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Problems Emerge as Treasurers’ Fear of Next Credit Freeze Shown in Cash Hoarding

August 10, 2009

Businesses are in “survival mode,” holding onto cash as they fear losing access to capital. “Two years after credit markets seized up and caused the worst financial crisis since the Great Depression, companies are hoarding the most cash in at least a decade.” This is one of the reasons we’re not out of the woods.

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Is Apple an Anti-Competitive Monopoly? Should They Be Targeted By the Justice Department?

August 9, 2009

What’s the matter with AAPL? Competition hatred: “Apple will face a user revolt in the coming years based upon Microsoft, Google and other yet-to-be-formed companies, undercutting their core markets with cheap, stable and open devices. Apple’s legendary comeback ability will be for naught if they don’t deeply examine their anti-competitive nature.”

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Holder Intends Criminal Investigation Into CIA Interrogations, Policies of Prior Administration

August 9, 2009

Even a narrowly focused investigation will roil the entire intelligence world: “Bracing for the worst, a small number of CIA officials have put off plans to retire or leave the agency so that they can maintain their access to classified files and be in a better position to defend against a Justice investigation.”

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