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10 Jan 2011 22:39

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Politics: “The Hammer” to spend time in the slammer

  • 3 years in prison for former Majority Leader Tom DeLay source

10 Jan 2011 22:22

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U.S., World: Economists forecast bad, bad times for US economy

  • The age of American predominance is over. The (Chinese) Yuan will be the world’s reserve currency within two decades.
  • MIT’s Simon Johnson • At an annual economic convention, regarding the US’s extended economic outlook. In short: it doesn’t look good. Harvard’s Dale Jorgensen, who also attended the convention, predicts that various Asian economies, particularly China, will overtake America as the world’s largest economy by 2020 or so, and that the United States should brace for “social unrest” following that development. Gulp. source

10 Jan 2011 22:08

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Tech, World: Everything you need to know about our latest planetary neighbor

  • hey kids, it’s a new planet! Say hello to Kepler-10b, the new kid in town. Or, to be more accurate, the new kid from out of town: this tiny, rocky planet actually resides outside of our solar system. It’s a little guy – the smallest, in fact, ever discovered outside of our Sun’s orbit. The confirmation of Kepler-10b’s existence is the product of over eight months of data collection, and represents the “first solid evidence of a rocky planet orbiting a star other than our sun.” Here are some key facts about it with which to impress your friends.
  • it’s a lot like usKepler-10b has a diameter 1.4x that of our beloved blue orb. It’s also classified as a “rocky” planet, meaning it has a composition similar to that of Earth (as opposed to a gaseous planet like Saturn).
  • it’s probably way hotAlthough the physical composition of the planet would render it capable of hosting water, it’s way too close to the star it orbits (its “Sun,” if you will) for that to be possible.
  • nasa’s pumped about itWhile Kepler-10b is outside of the “habitable zone,” scientists are giddy about its mere discovery, and optimistic that the spacecraft that found it will yield more results in the future. source

10 Jan 2011 21:27

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Politics: California to Texas: Come, join the Comically Huge Deficit Club!

  • $11billion initial estimate of Texas’s budget deficit for fiscal year 2012-13, as of September
  • $27billion revised estimate of Texas’s deficit for that year, according to the state’s Comptroller source

10 Jan 2011 21:21

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Biz: Auto bailouts: Chrysler on the comeback trail, slowly but surely

  • I haven’t gotten any questions yet today like, ‘Will you be here next year?’
  • Chrysler chief executive Sergio Marchionne • On the company’s slow bounceback. Chrysler hasn’t had the dramatic turnaround that Ford and GM have had since the nadir of the financial crisis, but they appear to be making headway with a new generation of vehicles – particularly the newest Jeep Grand Cherokee, which has done well despite the fact that SUVs have fallen out of fashion lately. The company’s collaboration with Fiat has also helped buoy Chrysler. So, how about paying back those loans from the bailout and other sources? “We are going to repay one hundred cents on every dollar of loans we received,” Marchionne said. source

10 Jan 2011 21:01

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Biz, Music: Irony: 50 Cent makes penny stock move using influence alone

  • 29¢ increase in a penny stock that Fitty recommended on Twitter
  • 240% the increase in the value of HNHI, a firm that sells headphones
  • $50M the increase in the value of the stock based on Fitty’s tweets alone
  • $10M the amount 50 Cent  made off his 3.8 million followers source
  • » Yeah yeah, we know the irony: A guy named after pocket change just used his power to give a penny stock a boost. And the best part? It’s entirely possible the stock (currently at 39 cents) will reach 50 cents tomorrow. See, when 50 Cent sells out his name, he doesn’t sell it out to make a quick buck on advertising. He sells it out to make a quick buck. Period.

10 Jan 2011 20:41

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U.S.: Jerry Brown gives California a bitter budgetary pill to swallow

  • $12.5B the size of the spending cuts that Jerry Brown’s trying to sell to California residents
  • five the number of years of tax increases that would also be part of the fairly risky deal
  • no Republicans are on board with Brown on this yet – he used the phrase TAX INCREASE! source
  • » About those tax increases: They would extend a series of temporary tax increase implemented in 2009, which are set to expire in July. Californians are set to vote on the increases in June. And other changes are recommended too – certain services could be transferred from state local governments (such as prisons), and services for the poor are among the ones getting cut the most. However, K-12 schools will be protected from cuts (and just about nothing else).
 

10 Jan 2011 11:21

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World: Basque separatist group ETA asks for permanent cease-fire

If your idea of a permanent cease-fire involves a bunch of guys wearing berets and potato sacks over their heads, this may be the cease-fire for you. For Spain, it’s not enough. source

10 Jan 2011 11:07

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U.S.: How Congress is overreacting to the Gabrielle Giffords shooting

  • legislation Pennsylvania Rep. Bob Brady wants to make it “a federal crime to threaten or incite violence against a member of Congress or a federal official.” Aren’t the laws on the books already good enough?
  • packin’ North Carolina Rep. Heath Shuler and Utah’s very own Jason Chaffetz plan to carry concealed weapons from now on. We guess that’s understandable, but still an overreaction. source

10 Jan 2011 10:46

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U.S.: Bryce Tierney: A close friend discusses Jared Lee Loughner

  • Hey man, it’s Jared. Me and you had good times. Peace out. Later.
  • Jared Lee Loughner • Leaving a voicemail for a good friend, Bryce Tierney, in the hours before Loughner shot and killed six people and wounded Gabrielle Giffords. Tierney has a long history with Loughner, and notes that the suspect had some strange quirks, including an obsession with lucid dreams: “I saw his dream journal once,” Tierney said. “That’s the golden piece of evidence. You want to know what goes on in Jared Loughner’s mind, there’s a dream journal that will tell you everything.” Tierney also said that Loughner had an apparent beef with Giffords that goes back years – specifically, he asked a question at one of her events that wasn’t answered to Loughner’s liking. The question? “What is government if words have no meaning?” Giffords’ answer to that pseudo-intellectual drivel may have slowly pushed Loughner over the edge. Really. source