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America’s first black governor Douglas Wilder tells Joe Biden: ‘Slavery is nothing to joke about.’

America’s first black governor Douglas Wilder tells Joe Biden: ‘Slavery is nothing to joke about.’

America’s first black governor in modern times has become the most senior Democrat to break ranks over Joe Biden’s ‘y’all in chains’ comments, telling the Vice President: ‘Slavery is nothing to joke about.’

Douglas Wilder, who was governor of Virginia from 1990 to 1994 and the first black governor since Reconstruction, told CNN that ‘without question’ Biden’s remarks in Danville, Virginia (though the veep seemed to think he was in North Carolina) ‘were appeals to race’.

He continued: ‘The important thing I got out of this was Biden separated himself from what he accused the people of doing. As a matter of fact, what he said is they are going to do something to y’all, not to me. Not us. So he was still involved with that separate American.

‘As far as I am concerned, the President would not associate himself with those remarks. And I expect as the days go forward there will be more clarity associated with what the president feels about what Joe Biden said.

http://harndenblog.dailymail.co.uk/2012/08/americas-first-black-governor-tells-joe-biden-slavery-is-nothing-to-joke-about.html

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Postal Service Finances: Yes, It Can Get Worse

Postal Service Finances: Yes, It Can Get Worse
James Gattuso and Emily Goff
August 9, 2012 at 3:30 pm

It is becoming hard to keep the billions of dollars in missed payments and recorded losses by the U.S. Postal Service (USPS) straight. Today, tack another multibillion-dollar chunk of change onto the list: The USPS reported a third-quarter net loss of $5.2 billion, bringing year-to-date losses to $11.6 billion.

But increasingly, the focus of concern is when the USPS will run out of cash. With less than $500 million on hand, that day may come as early as October.

In a conference call today, postal management downplayed the cash-flow problem—pointing out that they may be able to delay a payment due to the Labor Department for worker’s compensation costs—and held out hope that election-year mailings will give them a boost. At any rate, they said that priority will be given to payroll obligations and suppliers in the event the tiller is emptied.

Most likely, the postal officials are right: Some way to fudge the shortfall will be found, pushing the day of reckoning into next year—assuming that Americans send Christmas cards liberally. But it’s never a good sign when a firm has to talk about making deals with creditors and prioritizing debts. It’s just more evidence that the USPS needs to change; if it doesn’t, it will die.

Postal officials, to their credit, recognize this. “This is no way to run a business,” said USPS CFO Joe Corbett, pointing out the need for swift action to address the problem.

Exactly. And that action needs to come from Congress, which has hamstrung USPS’s ability to make the restructuring and cutbacks that will be needed to give it a fighting chance at survival. But so far, Congress seems more interested in adopting “reforms” that simply give the USPS temporary infusions of cash while continuing or tightening statutory restrictions on real change. Real reform—such as that being pushed by Representative Darrel Issa (R–CA) and others—is a castor oil that Members don’t want to swallow.

No way to run a business, indeed.

http://blog.heritage.org/2012/08/09/postal-service-finances-yes-it-can-get-worse/?utm_source=FMF081512A&utm_medium=Email

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Facebook hits new low as IPO lock-up ends and shares flood market

Facebook hits new low as IPO lock-up ends and shares flood market
August 16,2012
PJ Blogger

Ridgewood NJ, Facebook’s IPO lockup ended to day only to the see the stock plunge to new all-time lows . Today , Thursday marked the expiration of a lock-up period that has provided some early investors and insiders with an opportunity to exit.

The end of the lock-up period freed up 60% or an additional 271.1 million shares that could hit the market for trading and has weighed heavily on the stock since it went public.

The stock has not seen the sunny side of it’s IPO price since the first day of trading . This is the first of a series of expirations that could result in almost 2-billion shares being released to the public over the next two years.

The smart money has for sometime become very skeptical of Facebook’s long term prospects ,thinking the huge social media site maybe well past it peak.  With sky high exceptions there is no place to go but down .Leading to an old Wall Street adage ,  “if it cant get any better than this it can only get worse ” .

Various sources were used to compile information for this post ; Bloomberg News, Yahoo Finance and AP .

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US Budget and Taxes- In Numbers We Can Understand

US Budget and Taxes- In Numbers We Can Understand
Posted By Ziad Abdelnour

This brilliantly cuts through all the political doublespeak we get. It puts things into a much better perspective.

– U.S. Tax revenue: $2,170,000,000,000
– Fed budget: $3,820,000,000,000
– New debt: $1,650,000,000
– National debt: $14,271,000,000,000
– Recent budget cuts: $38,500,000,000

Let’s now remove 8 zeros and pretend it’s a household budget:

– Annual family income: $21,700
– Money the family spent: $38,200
– New debt on the credit card: $16,500
– Outstanding balance on the credit card: $142,710
– Total budget cuts so far: $385

Stop talking about taxes and start talking about spending!

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50 N.J. patients registering for medical marijuana

50 N.J. patients registering for medical marijuana

Advocates for medical marijuana say they are not surprised by a slow start for the registry of patients eligible to access the drug legally in the state.

The state Department of Health said Wednesday that since the registry opened on Aug. 9, 21 patients have begun the process of signing up for permission to use the drug, which is otherwise illegal.

Under New Jersey’s procedures, a patient can submit an application only after a physician has declared he or she meets the qualifications. The state says 50 patients have been declared eligible by doctors so far.

Earlier Wednesday, the health department said 18 people had applied and 44 had been identified by doctors as eligible.  (Associated Press)

http://www.northjersey.com/news/18_NJ_patients_register_to_use_medical_marijuana.html

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NJ Transit shuts off key commuter tip in feud with web developer

NJ Transit shuts off key commuter tip in feud with web developer

WEDNESDAY, AUGUST 15, 2012
BY KAREN RO– USE
STAFF WRITER
THE RECORD

For nearly four months, roughly 300 NJ Transit rail customers literally held in their hands a piece of insider information that gave them an advantage in the evening rush out of New York Penn Station.

They knew which track their North Jersey-bound train would arrive on first — as much as 20 minutes before it appeared on the departure screens.

But now these subscribers to CleverCommute.com’s “Insider Track” premium service — who had gotten used to taking a leisurely walk to the tracks instead of making a mad scramble — find themselves “going through withdrawal.”

That’s how commuter Mike Kornstein described the impact after NJ Transit cut off Clever Commute founder Joshua Crandall’s access to the live track data he was supplying to his “Inside Track” subscribers. They pay $3.99 per month, or $39.99 for an annual plan, which has a dozen other features including notice of schedule changes or sales on monthly passes.

NJ Transit Spokesman John Durso Jr. said that after a months-long feud with Crandall, the agency blocked access — starting on Aug. 3 — because the data weren’t always accurate.

The “website now has access to the same free and accurate information we provide to everyone else,” Durso said.

http://www.northjersey.com/news/166221076_NJ_Transit_shuts_off_key_commuter_tip_in_feud_with_web_developer_lose_their_rush_hour_heads-up.html

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Freeholder tells Ridgewood group to develop plan to save Schedler House

http://www.facebook.com/pages/Zabriskie-Schedler-House-Ridgewood-NJ/141857895884672

Freeholder tells Ridgewood group to develop plan to save Schedler House

WEDNESDAY AUGUST 15, 2012, 1:37 PM
BY DARIUS AMOS
STAFF WRITER
THE RIDGEWOOD NEWS

Bergen County Freeholder John Mitchell advised a group of residents Wednesday morning to develop a concrete plan as they continue a campaign to preserve the 189-year-old Zabriskie-Schedler House in Ridgewood.

Members of the Ridgewood Eastside Development (RED) grassroots organization led Mitchell and fellow freeholders Maura DeNicola and Robert Hermansen on an impromptu tour of the 7-acre Schedler site. The triangular piece of land, sandwiched between Route 17 and West Saddle River Road, is owned by the village and has been the target of future development.

The focal point of the excursion around the mostly wooded area was the dilapidated, tarp-covered building located along the West Saddle River Road curbside. Built in 1823, the home was a part of the Schedler family until Florence Schedler’s death in 2007.

The village has since purchased the home and property. Several public meetings took place this year in an effort to gather input for the future of the site.

One of the suggestions proposed during those sessions was the development and installation of a multi-use athletics field for the village’s youth sports programs. Preliminary plans for the field call for the demolition of the Schedler home and detached garage.

RED members have openly opposed the removal of the home, and they continued their argument on Wednesday.

http://www.northjersey.com/community/history/more_history_news/166284986_Freeholder_tells_Ridgewood_group_to_develop_plan_to_save_Schedler_House.html

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Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States to Subsidize Payrolls

Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States to Subsidize Payrolls
By Penny Starr
August 15, 2012

(CNSNews.com) – The Labor Department announced on Monday that it will be awarding almost $100 million in grant funding to states to prevent layoffs by allowing businesses to pay employees as part-time workers and the federal government will pick up the tab for the cost of a full-time paycheck.

The “work-sharing” program was passed as part of a Republican-led bill in the House, H.R. 3630, and Senate Amendment 1465 to extend the payroll tax deduction and unemployment benefits. In February 2012, President Barack Obama signed the bill into law, which included the $100 million in funding.

http://cnsnews.com/news/article/labor-dept-attempts-stop-layoffs-giving-100-million-states-subsidize-payrolls

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‘Black box’ standards coming for cars

‘Black box’ standards coming for cars
By Pete Kasperowicz – 08/14/12 09:13 AM ET

New federal standards for “black boxes” that record information leading up to auto accidents will will take effect Sept. 1, the National Highway Traffic Safety Administration (NHTSA) ruled on Tuesday.

The decision means the new standards for the devices will not be delayed by one year, as automakers had requested.

The federal standards will apply only to cars that are voluntarily outfitted with event data recorders (EDRs), also known as black boxes. But while the government does not yet require all cars to have black boxes installed, NHTSA is still thought to be considering a federal mandate as a next step, possibly this year.

NHTSA standards for black boxes were proposed in 2006, but have been delayed since then. In 2009, the Alliance of Automobile Manufacturers suggested a delay to Sept. 1, 2013, arguing that this would give auto companies more time to work with original equipment manufacturers to ensure the standard can be met.

http://thehill.com/blogs/floor-action/house/243529-nhtsa-says-black-box-standards-for-autos-will-take-effect-september-1

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Former Obama campaign co-chair to stump for Romney

Former Obama campaign co-chair to stump for Romney
mug.steinhauser
CNN Political Editor Paul Steinhauser

(CNN) – A former four-term Democratic congressman from Alabama and one time strong supporter of President Barack Obama will campaign for Mitt Romney Wednesday.

A Romney campaign aide confirms to CNN that Artur Davis will stump for the presumptive Republican presidential nominee in the battleground state of Virginia.

http://politicalticker.blogs.cnn.com/2012/08/15/former-obama-campaign-co-chair-to-stump-for-romney/