BUCHANAN: The country is up for grabs...
CLINTON PUSHED BLACK CANDIDATE TO GET OUT
OBAMA CAMPAIGNED FOR MEEK LAST WEEK
CLINTON PUSHED BLACK CANDIDATE TO GET OUT
OBAMA CAMPAIGNED FOR MEEK LAST WEEK
Thursday, October 28, 2010
Conway Cover Up: Media Caught In Rand Paul “Stomping” Cover-Up
Conway Cover Up: Media Caught In Rand Paul “Stomping” Cover-Up
Conway Cover Up: Media Caught In Rand Paul “Stomping” Cover-Up
Conway Cover Up: Media Caught In Rand Paul “Stomping” Cover-Up. Jack Conway’s financial supporters dropped drug trafficking case in opposition to Conway’s brother following Senatorial applicant acquired tipped him awayWhilst hyperventilating over the Lauren Valle stomping incident, the corporate media has ignored a far bigger scandal swirling around the KY Senate race – the reality that monetary contributors to Rolland Conway’s campaign and Conway himself tipped off Conway’s brother to the reality that he was becoming investigated for trafficking medicines in an admitted obstruction of justice.
The KY Courier-Journal, which has favored Conway more than Rand Paul in the program of the Senatorial race, hid the bombshell tale behind a relatively tame headline this past weekend, presumably in a bid to protect Rolland Conway from the blowback of the astounding revelations contained in the 5 page report written by R.G. Dunlop.
The nitty gritty of the problem runs like this – Matthew C. Conway, prosecutor and brother of Rolland Conway, the Democratic applicant for U.S. Senator from Kentucky, was beneath investigation by the Louisville Metro Police for alleged drug use and medication trafficking.
Two narcotics detectives concerned in the case perverted the program of justice by tipping away Conway to the reality that he was beneath investigation. At least three narcotics officers are now under internal investigation for “policy violations”.
Following hearing detectives discussing the situation inside a restaurant, a Conway marketing campaign supporter then also associated the problem to Jack Conway, who in turn tipped off his brother.
“When investigators learned of the leaks and interrogated the two detectives and the prosecutor last March, all 3 at first gave false or misleading statements about what happened, those data show. The statements of Matthew C. Conway, the prosecutor, had been made beneath oath,” reports the Courier-Journal.
In August of this yr, Jefferson County Lawyer Michael O’Connell made the decision not to prosecute Matthew Conway. O’Connell is a financial supporter of Jack Conway’s Senate campaign.
Commonwealth’s Attorney David Stengel also dismissed the medication trafficking allegations, without revealing why investigators targeted Conway in the initial place. Like O’Connell, Stengel was a supporter and a financial contributor to Jack Conway’s Senate campaign.
“According to Fec.gov, Mr. David Stengel has donated $500 to Rolland Conway’s marketing campaign in the past, vested interest? Do we really desire a former Jack Conway donor overlooking this? Really?” asks the Capitalist Banner weblog.
“Alex Pappas of the Daily Caller reported that the Democrat’s campaign didn’t reply to an e-mail “seeking elaboration Saturday as to whether Conway, as attorney general, took any actions to involve himself in the study,” factors out the American Spectator.
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Louisville attorney Scott Roby can also be a Conway supporter. Roby informed Matthew Conway that the cops had been investigating him for either drug use or trafficking, thus allowing him to steer clear of a police raid. LMPD Detective Scott Wilson had told Roby about the investigation. Conway and Wilson each attended St. Xavier Higher College at about the same time and are longtime acquaintances, based on the newspaper.
Scott Roby donated $1250 to the Conway marketing campaign.
However it gets worse. It turns out that a Jack Conway supporter, businessman Charles Alexander, was the guy who overheard cops talking about the Matthew Conway situation inside a downtown Louisville restaurant. The narcotics detectives described Matthew Conway as “dirty” (corrupt). Alexander known as Jack Conway and knowledgeable him of the overheard conversation.
“According to Fec.gov, Charles Alexander is a $2400 donor to Jack Conway and a $4600 donor to Barack Obama, so there is little doubt Mr. Alexander was worried about the troubling allegations,” notes CapitalistBanner.com.
Rolland Conway and his supporters are concerned in a cover-up and an attempt to obstruct justice, but this does not seem to become on the corporate media’s radar screen. Instead, we’re harangued with absurd stories about Rand Paul, Aqua Buddha, and a fraternity prank invented by an anonymous woman.
Rolland Conway is involved in a brazen attempt to cover-up a police study of his brother. Supporters of his political marketing campaign facilitated obscuration of justice. Is this the sort of man the individuals of Kentucky want representing them in Washington?
In the name of objective journalism and fairness, the company media wants to include this story instantly rather than inventing new ways to tear down the Rand Paul marketing campaign.
Several disturbing problems stay unanswered regarding the involvement of Rolland Conway and his supporters in the tale.
Thomas McAdam summarizes a few of the crucial concerns.
one. What was the nature of the proof recognized to the narcs that prompted the investigation of Matt Conway?
2. Was any political pressure utilized to pull the detectives away from investigating the brother of Kentucky’s Lawyer General?
three. When and the way made LMPD Chief Robert White entail himself in the study?
four. When Matt Conway resigned from the Jefferson County attorney’s workplace in 2008, what was the status of the criminal study into his alleged medication involvement, and what made Jefferson County Mike O’Connell know about it.
five. What made Commonwealth’s Lawyer David Stengel know, and when made he know it?
6. Was the meeting at Jack Conway’s house, exactly where he introduced in high-powered criminal protection attorney Bart Adams, the only involvement by the Attorney Common in this matter?
7. It appears incredible that O’Connell, Stengel, and White might be concerned in an elaborate cover-up to protect a drug dealer. Shouldn’t the Conways come forward and shed some light on this affair, thereby dispelling any imputation of misconduct on the component of innocent law enforcement officials?
eight. How lengthy has reporter Dunlap been operating on this story, and made the timing of its publication have something to due with the upcoming election?
Wednesday, October 27, 2010
news you can use update 10 27 2010
CHICAGOLAND: 'Glitch' with vote-by-mail system; Hundreds of thousands may be disenfranchised...
Daytona Beach Commissioner Charged With Absentee Ballot Fraud...
Lawmakers May Probe Late Military Ballots...
Residents cry foul over ballots in PA...
DEMS OUTSPEND GOP IN ELECTION...
Republicans Plan Budget Cuts Early If They Take Power ...
OBAMA PHONES IT IN: Leaves campaign trail, calls union activists, black radio stations...
REALCLEAR WRAP: SENATE HOUSE...
ABCNEWS NOTE MIKE ALLEN PLAYBOOK MSNBC FIRST READ WASH POST FIX...
HILLARY FLEES USA FOR ELECTION!
Daytona Beach Commissioner Charged With Absentee Ballot Fraud...
Lawmakers May Probe Late Military Ballots...
Residents cry foul over ballots in PA...
DEMS OUTSPEND GOP IN ELECTION...
Republicans Plan Budget Cuts Early If They Take Power ...
OBAMA PHONES IT IN: Leaves campaign trail, calls union activists, black radio stations...
REALCLEAR WRAP: SENATE HOUSE...
ABCNEWS NOTE MIKE ALLEN PLAYBOOK MSNBC FIRST READ WASH POST FIX...
HILLARY FLEES USA FOR ELECTION!
Tuesday, October 26, 2010
Stocks Gain on Strong Home Sales Data, Weak Dollar
NEW YORK (TheStreet) -- Stocks finished higher Monday led by material stocks that gained on a weaker dollar and a better-than-expected existing-home sales report.
The Dow Jones Industrial Average rose 32 points, or 0.3%, to 11,164. The bluechip index rose as high as 11,247 earlier in the morning before paring gains in the afternoon session. The S&P 500 gained 2 points, or 0.2%, to 1185 and the Nasdaq was ahead by 11 points, or 0.5%, to 2490. If you can't see this chart, your browser doesn't understand IFRAME. However, we'll still<A HREF="http://www.thestreet.idmanagedsolutions.com/charts/common/quote.chart?SYMBOL_US=SPX &TIME_SPAN=6M&XAXIS_LABEL=1&WIDTH=290&HEIGHT=145" target="0">link</A>you to the chart.
DuPont(DD_), Kraft Foods(KFT_) and Walt Disney(DIS_) were leading the Dow higher while Bank of America(BAC_) and JPMorgan Chase(JPM_) were laggards as foreclosure woes continued to weigh on bank stocks.
Texas Instruments(TXN_) beat analyst expectations, reporting a profit of 71 cents per share on revenues of $3.7 billion. Wall Street's consensus view was for earnings of 69 cents a share on revenues of $3.69 billion. Shares were slightly higher in extended trading.
Amgen(AMGN_) said its profits decreased 14% to $1.3 billion in the third quarter from $1.5 billion a year earlier. Adjusted earnings per share came in at $1.36 beating consensus estimates of $1.27 per share. Shares of Amgen were slipping 0.7% in aftermarket trading.
At a Group of 20 summit ahead of the G-20 meeting next month, leaders agreed to avoid competitive currency devaluation to balance global trade but failed to set specific targets.
The dollar, which sunk to a new 15-year low against the yen earlier, was trading lower against a basket of currencies. The dollar index was last down by 0.4%. The weakness in the dollar has helped push commodities and stocks higher.
In economic news, the National Association of Realtors said existing-home sales jumped 10% in September to 4.53 million from 4.12 million in August, outpacing expectations for September sales of 4.25 million, according to Briefing.com.
Stocks have risen 3% so far in October on expectations that the Federal Reserve will implement quantitative easing to boost the economy. That has hurt the dollar while boosting demand for more risky financial assets such as equities and commodities. But uncertainty on the extent that quantitative easing will help stimulate job growth and the economy has caused some experts to question the sustainability of the rally.
Jim Paulsen of Wells Capital Management believes the rally has staying power. He says investors are being too pessimistic and have been suffering from "Armageddon hypochondria" since the height of the recession in 2008.
"We have been a nation on bubble watch," Paulsen told TheStreet, citing how worries have shifted from banks to deficits to the euro and now to the dollar. "There is this wall of worry in the market now that is keeping some people out. That is one reason why this rally will have legs."
Paulsen says that the re-acceleration in the market has more to do with the economy recovering from a soft patch rather than expectations of quantitative easing. He expects the S&P 500 to break out past 1200 if weekly unemployment claims drop below 450,000.
"I don't think it is a coincidence that we are pushing to 1200 at the same time when the four-week moving average of weekly unemployment claims is at its low. If unemployment claims break below to 425,000, people are going to feel a lot better and a 14 multiple and 2.5% Treasury yield is not going to look right," he said.
The Dow Jones Industrial Average rose 32 points, or 0.3%, to 11,164. The bluechip index rose as high as 11,247 earlier in the morning before paring gains in the afternoon session. The S&P 500 gained 2 points, or 0.2%, to 1185 and the Nasdaq was ahead by 11 points, or 0.5%, to 2490. If you can't see this chart, your browser doesn't understand IFRAME. However, we'll still<A HREF="http://www.thestreet.idmanagedsolutions.com/charts/common/quote.chart?SYMBOL_US=SPX &TIME_SPAN=6M&XAXIS_LABEL=1&WIDTH=290&HEIGHT=145" target="0">link</A>you to the chart.
DuPont(DD_), Kraft Foods(KFT_) and Walt Disney(DIS_) were leading the Dow higher while Bank of America(BAC_) and JPMorgan Chase(JPM_) were laggards as foreclosure woes continued to weigh on bank stocks.
Texas Instruments(TXN_) beat analyst expectations, reporting a profit of 71 cents per share on revenues of $3.7 billion. Wall Street's consensus view was for earnings of 69 cents a share on revenues of $3.69 billion. Shares were slightly higher in extended trading.
Amgen(AMGN_) said its profits decreased 14% to $1.3 billion in the third quarter from $1.5 billion a year earlier. Adjusted earnings per share came in at $1.36 beating consensus estimates of $1.27 per share. Shares of Amgen were slipping 0.7% in aftermarket trading.
At a Group of 20 summit ahead of the G-20 meeting next month, leaders agreed to avoid competitive currency devaluation to balance global trade but failed to set specific targets.
The dollar, which sunk to a new 15-year low against the yen earlier, was trading lower against a basket of currencies. The dollar index was last down by 0.4%. The weakness in the dollar has helped push commodities and stocks higher.
In economic news, the National Association of Realtors said existing-home sales jumped 10% in September to 4.53 million from 4.12 million in August, outpacing expectations for September sales of 4.25 million, according to Briefing.com.
 |
Jim Paulsen of Wells Capital Management believes the rally has staying power. He says investors are being too pessimistic and have been suffering from "Armageddon hypochondria" since the height of the recession in 2008.
"We have been a nation on bubble watch," Paulsen told TheStreet, citing how worries have shifted from banks to deficits to the euro and now to the dollar. "There is this wall of worry in the market now that is keeping some people out. That is one reason why this rally will have legs."
Paulsen says that the re-acceleration in the market has more to do with the economy recovering from a soft patch rather than expectations of quantitative easing. He expects the S&P 500 to break out past 1200 if weekly unemployment claims drop below 450,000.
"I don't think it is a coincidence that we are pushing to 1200 at the same time when the four-week moving average of weekly unemployment claims is at its low. If unemployment claims break below to 425,000, people are going to feel a lot better and a 14 multiple and 2.5% Treasury yield is not going to look right," he said.
news you can use update 10/26/2010
Monday, October 25, 2010
news you can use femacamp info base is on the ball update 10/25/2010
CLINTON PLAYS TO HIGH SCHOOL GYM: TWO-THIRDS EMPTY
The Good News/Bad News About This Market
After a week of modest gains with volatile swings in both directions, Friday closed with stocks mixed, light volume, and questions over the future profits of two blue-chip heavyweights — American Express Company (NYSE: AXP) and Verizon Communications Inc. (NYSE: VZ). Over 100 of the S&P 500 companies reported earnings, including 12 of the Dow 30.
American Express fell 3.1% on weak demand for new loans, while Verizon fell 1.3% on disappointment over slow growth in the wireless area. But both exceeded earnings estimates, which illustrates investors’ focus on future expectations.
Amazon.com, Inc. (NASDAQ: AMZN) beat earnings estimates and rose 2.5%, and Schlumberger Limited (NYSE: SLB) jumped 5.4% as it too beat estimates. But Exelon Corporation (NYSE: EXC) fell 3.5% after an increase in Q3 earnings of 12% and falling operating margins due to higher costs.
Overhanging the market is the G-20 meeting in South Korea. The finance ministers and central bankers of key nations are meeting to reach agreement on “managing exchange rates and cool what has been called a ‘currency war’” (Wall Street Journal).
Treasury prices fell Friday, as investors sold bonds in preparation of a $109 billion new debt supply this week. The 10-year Treasury note fell 8/32 to push the yield to 2.563%. The bond market fell on Thursday following a comment by Federal Reserve Bank of St. Louis President James Bullard who he sees “small increments” of Treasury-bond purchases when the Fed meets in early November.
The U.S. dollar rose, which offset some of the losses earlier in the week. The greenback closed on Friday at $1.3929 versus $1.3925 on Thursday.
At Friday’s close, the Dow Jones Industrial Average was off 14 points to 11,133, the S&P 500 rose 3 points to 1,183, and the Nasdaq gained 20 points at 2,479. The NYSE traded only 772 million shares with advancers ahead of decliners by 1.5-to-1. On the Nasdaq, advancers were ahead by 1.75-to-1 on volume of 445 million shares. For the week, the Dow gained 0.6%, the S&P 500 rose 0.6%, and the Nasdaq was up 0.4%.
On Friday, crude oil for December delivery rose $1.13 to $81.69 a barrel, and the Energy Select Sector SPDR (NYSE: XLE) gained 39 cents, closing at $59.30. December gold fell 50 cents to $1,325.10 an ounce with traders “saying that most of the currency-related jitters surrounding the potential for further U.S. monetary easing have been priced into the market” (Wall Street Journal). The PHLX Gold/Silver Sector Index (NASDAQ: XAU) closed at 196.82, up 0.34 points.
Last week, the Dow added 70 points, the S&P 500 was up 7 points, and the Nasdaq gained 11 points — not a spectacular week for the bulls, but enough to keep them plodding ahead.
To summarize the last couple of weeks: The S&P 500 spiked through its 200-day moving average and the double-top at 1,130, and in a little over a month ran to the major resistance at the bottom of April’s trading diamond at 1,185. It also popped over the January trading peak at 1,150 and the flash crash rebound at 1,173.
This is an impressive performance, so what is there not to like?
Well, first there were very modest stock gains despite 88% of companies that reported last week topping EPS estimates and 62% had better-than-expected revenues. And, to put it in the words of MarketWatch’s Michael Ashbaugh, there could be some looming trouble ahead from a “second 9-to-1 downdraft within the next several sessions (piling on Tuesday’s 9-to-1 sell-off). I would add that Friday’s puny volume numbers and stalling prices in the midst of some glowing earnings reports makes me more than just a little uncomfortable. We would not want to see more solid earnings reports or better economic numbers with accompanying declines in stock prices — that scenario could turn into a ‘good news/bad market reaction’ that often precedes a pullback.”
Until the April high is resolved, I’ll remain a very cautious bull.
For one of the stocks you should be bullish on, see my Trade of the Day.
Earnings to be reported after the close include: Aaron’s, Advent Software, Amgen, Arch Capital, Atheros Communications, BancorpSouth, Basic Energy Services, BE Aerospace, Cabot Oil & Gas, Chemed, Covenant Transport, Crane, Developers Diversified Realty, Digital River, East West Bancorp, Edwards Lifesciences, Energy XXI, Ferro, Harris, Heartland Financial, Hexcel, Insituform Technologies, Integrated Device, Kilroy Realty, Masco, Matrixx Initiatives, MIPS Technologies, Nara Bancorp, National Instruments, Olin, Owens & Minor, Plum Creek, PLX Technology, Reinsurance Group of America, Rent-A-Center, SL Green Realty, Synovus, Texas Instruments, Ultra Clean Holdings, Veeco Instruments, Vertex Pharmaceuticals, Volterra Semiconductor, W.R. Berkley, Zix Corp. and Zoran.
Economic report due: existing home sales (the consensus expects 4.3 million).
American Express fell 3.1% on weak demand for new loans, while Verizon fell 1.3% on disappointment over slow growth in the wireless area. But both exceeded earnings estimates, which illustrates investors’ focus on future expectations.
Amazon.com, Inc. (NASDAQ: AMZN) beat earnings estimates and rose 2.5%, and Schlumberger Limited (NYSE: SLB) jumped 5.4% as it too beat estimates. But Exelon Corporation (NYSE: EXC) fell 3.5% after an increase in Q3 earnings of 12% and falling operating margins due to higher costs.
Overhanging the market is the G-20 meeting in South Korea. The finance ministers and central bankers of key nations are meeting to reach agreement on “managing exchange rates and cool what has been called a ‘currency war’” (Wall Street Journal).
Treasury prices fell Friday, as investors sold bonds in preparation of a $109 billion new debt supply this week. The 10-year Treasury note fell 8/32 to push the yield to 2.563%. The bond market fell on Thursday following a comment by Federal Reserve Bank of St. Louis President James Bullard who he sees “small increments” of Treasury-bond purchases when the Fed meets in early November.
The U.S. dollar rose, which offset some of the losses earlier in the week. The greenback closed on Friday at $1.3929 versus $1.3925 on Thursday.
At Friday’s close, the Dow Jones Industrial Average was off 14 points to 11,133, the S&P 500 rose 3 points to 1,183, and the Nasdaq gained 20 points at 2,479. The NYSE traded only 772 million shares with advancers ahead of decliners by 1.5-to-1. On the Nasdaq, advancers were ahead by 1.75-to-1 on volume of 445 million shares. For the week, the Dow gained 0.6%, the S&P 500 rose 0.6%, and the Nasdaq was up 0.4%.
On Friday, crude oil for December delivery rose $1.13 to $81.69 a barrel, and the Energy Select Sector SPDR (NYSE: XLE) gained 39 cents, closing at $59.30. December gold fell 50 cents to $1,325.10 an ounce with traders “saying that most of the currency-related jitters surrounding the potential for further U.S. monetary easing have been priced into the market” (Wall Street Journal). The PHLX Gold/Silver Sector Index (NASDAQ: XAU) closed at 196.82, up 0.34 points.
What the Markets Are Saying
There is really very little to be said of the market’s action last week other than the fact that the volatility or “sound and fury” of early in the week was apparently “signifying nothing,” to borrow a line from Shakespeare. But Friday may have provided a clue as to the future direction of the market with volume at one of the lowest days of the entire year.Last week, the Dow added 70 points, the S&P 500 was up 7 points, and the Nasdaq gained 11 points — not a spectacular week for the bulls, but enough to keep them plodding ahead.
To summarize the last couple of weeks: The S&P 500 spiked through its 200-day moving average and the double-top at 1,130, and in a little over a month ran to the major resistance at the bottom of April’s trading diamond at 1,185. It also popped over the January trading peak at 1,150 and the flash crash rebound at 1,173.
This is an impressive performance, so what is there not to like?
Well, first there were very modest stock gains despite 88% of companies that reported last week topping EPS estimates and 62% had better-than-expected revenues. And, to put it in the words of MarketWatch’s Michael Ashbaugh, there could be some looming trouble ahead from a “second 9-to-1 downdraft within the next several sessions (piling on Tuesday’s 9-to-1 sell-off). I would add that Friday’s puny volume numbers and stalling prices in the midst of some glowing earnings reports makes me more than just a little uncomfortable. We would not want to see more solid earnings reports or better economic numbers with accompanying declines in stock prices — that scenario could turn into a ‘good news/bad market reaction’ that often precedes a pullback.”
Until the April high is resolved, I’ll remain a very cautious bull.
For one of the stocks you should be bullish on, see my Trade of the Day.
Today’s Trading Landscape
Earnings to be reported before the opening include: Bank of Hawaii, Boardwalk Pipeline, Boyd Gaming, Ceragon, Changyou.com, DSP Group, Kaiser Aluminum, KVH Industries, Lorillard, M/I Homes, NuStar Energy, NV Energy, RadioShack, Roper Industries, Sohu.com and Tuesday Morning.Earnings to be reported after the close include: Aaron’s, Advent Software, Amgen, Arch Capital, Atheros Communications, BancorpSouth, Basic Energy Services, BE Aerospace, Cabot Oil & Gas, Chemed, Covenant Transport, Crane, Developers Diversified Realty, Digital River, East West Bancorp, Edwards Lifesciences, Energy XXI, Ferro, Harris, Heartland Financial, Hexcel, Insituform Technologies, Integrated Device, Kilroy Realty, Masco, Matrixx Initiatives, MIPS Technologies, Nara Bancorp, National Instruments, Olin, Owens & Minor, Plum Creek, PLX Technology, Reinsurance Group of America, Rent-A-Center, SL Green Realty, Synovus, Texas Instruments, Ultra Clean Holdings, Veeco Instruments, Vertex Pharmaceuticals, Volterra Semiconductor, W.R. Berkley, Zix Corp. and Zoran.
Economic report due: existing home sales (the consensus expects 4.3 million).
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