Rick Santelli's Chicago Tea Party |
- S&P 500’s Highest Close Since July Could Fuel More Buying
- Homeland Security monitors journalists
- SOPA becoming election liability for backers
- Obama Administration Claims Immunity in ‘Shameful’ STD Study of Guatemalans
- Romney for President? What’s a Tea Party Voter to Do in 2012?
- Ron Paul Defends Romney, Lashes Out at His Critics
| S&P 500’s Highest Close Since July Could Fuel More Buying Posted: 10 Jan 2012 05:48 PM PST
The S&P 500 [.SPX 1292.08 11.38 (+0.89%) ] closed above its closing high hit last October, a technical breakout that could spark more buying, chart analysts and traders said. How much buying, though, is subject to debate. It could go "a lot higher," said Dennis Gartman, whose The Gartman Letter is usually filled with analysis of charts. "I'd like to see a bit more volume, but I'll take what I can get." Now at the highest since July, the benchmark leaves behind a 2 ½ month trading range it was trapped in as concerns about the European financial crisis continued to push it down. The market is pricing in an improvement in the U.S. economy and good results in the upcoming earnings season, traders said. "We are probably looking at new all-time highs on the S&P 500 by the end of the year," said Adam Grimes, chief investment officer for Waverly Advisors. "There is significant technical support and justification for such a rally, and we are now in area that justifies a more aggressive stance on risk, as opposed to our hands-off attitude of the past several months." To read more, visit: http://www.cnbc.com/id/45946824 |
| Homeland Security monitors journalists Posted: 10 Jan 2012 05:44 PM PST From: RT.com Freedom of speech might allow journalists to get away with a lot in America, but the Department of Homeland Security is on the ready to make sure that the government is keeping dibs on who is saying what. Under the National Operations Center (NOC)'s Media Monitoring Initiative that came out of DHS headquarters in November, Washington has the written permission to retain data on users of social media and online networking platforms. Specifically, the DHS announced the NCO and its Office of Operations Coordination and Planning (OPS) can collect personal information from news anchors, journalists, reporters or anyone who may use "traditional and/or social media in real time to keep their audience situationally aware and informed." According to the Department of Homeland Security's own definition of personal identifiable information, or PII, such data could consist of any intellect "that permits the identity of an individual to be directly or indirectly inferred, including any information which is linked or linkable to that individual." Previously established guidelines within the administration say that data could only be collected under authorization set forth by written code, but the new provisions in the NOC's write-up means that any reporter, whether someone along the lines of Walter Cronkite or a budding blogger, can be victimized by the agency. Also included in the roster of those subjected to the spying are government officials, domestic or not, who make public statements, private sector employees that do the same and "persons known to have been involved in major crimes of Homeland Security interest," which to itself opens up the possibilities even wider. The department says that they will only scour publically-made info available while retaining data, but it doesn't help but raise suspicion as to why the government is going out of their way to spend time, money and resources on watching over those that helped bring news to the masses. To read more, visit: http://rt.com/usa/news/homeland-security-journalists-monitoring-321/ |
| SOPA becoming election liability for backers Posted: 10 Jan 2012 05:42 PM PST By JENNIFER MARTINEZ, Politico.com To the ranks of same-sex marriage, tax cuts and illegal immigration, add this to the list of polarizing political issues of Election 2012: the Stop Online Piracy Act. The hot-button anti-piracy legislation that sparked a revolt online is starting to become a political liability for some of SOPA's major backers. Fueled by Web activists and online fundraising tools, challengers are using the bill to tag its congressional supporters as backers of Big Government — and raise campaign cash while they're at it. Among the fattest targets: SOPA's lead author, House Judiciary Committee Chairman Lamar Smith (R-Texas), and two of its most vocal co-sponsors, Reps. Bob Goodlatte (R-Va.) and Marsha Blackburn (R-Tenn.). House Budget Committee Chairman Paul Ryan (R-Wis.) has also felt the wrath of SOPA opponents. Even GOP presidential contenders Mitt Romney and Rick Santorum were asked by voters recently to weigh in on the bill (neither gave definitive answers, though activists have interpreted Santorum's response as more sympathetic to SOPA than Romney's). It's a stretch to think SOPA will cost any of the longtime incumbents backing the bill their seats. The legislation would give government new powers to shutter websites that peddle counterfeit products and pirated copies of movies and music. But there are signs the issue, long the domain of think tanks and intellectual property lawyers, could become a real factor in some races. To read more, visit: http://www.politico.com/news/stories/0112/71284.html |
| Obama Administration Claims Immunity in ‘Shameful’ STD Study of Guatemalans Posted: 10 Jan 2012 05:38 PM PST From: Fox News Latino Guatemalan prostitutes, prisoners and mental patients who were intentionally exposed to sexually transmitted diseases, without their knowledge or consent, by U.S. researchers in the 1940s, cannot sue the United States argued the Obama Administration on Monday, no matter how shameful and unethical the studies were. In its first response to a lawsuit filed on behalf of the experiment’s subjects, the Justice Department late Monday said sovereign immunity protects federal health officials from litigation stemming from the study. The experiment conducted in the 1940s exposed Guatemalan civilians to test the effects of penicillin. President Barack Obama, Secretary of State Hillary Rodham Clinton and Health and Human Services Secretary Kathleen Sebelius all have apologized for the research, hidden for decades until a Wellesley College medical historian uncovered the records in 2009. The Justice Department filing Monday said the studies were “a deeply troubling chapter in our nation’s history.” “As a result of these unethical studies, a terrible wrong has occurred. The United States is committed to taking appropriate steps to address that wrong,” the filing said, without elaborating on what steps might be planned. But the government attorneys argued, “This lawsuit is not the proper vehicle — and this court is not the proper forum — through which the consequences of this shameful conduct may be resolved.” The government says the Federal Tort Claims Act protects the United States from lawsuits based on injuries suffered in a foreign country, even if the acts that caused the harm were planned in the United States. To read more, visit: http://latino.foxnews.com/latino/health/2012/01/10/obama-administration-claims-immunity-in-shameful-std-study-guatemalans/ |
| Romney for President? What’s a Tea Party Voter to Do in 2012? Posted: 10 Jan 2012 05:34 PM PST By Kevin McCullough, FOX Nation Having spent the last several days in the Granite State I am even more puzzled now than I was late last week when I began pondering this new reality: “The Tea Party is dead.” I don’t know what happened between November of 2010 and January of 2012. Does anyone? How else do you explain it? Rewind to November of 2010, race after race, congressional seat after congressional seat, governorship after governorship. Only a little more than eighteen months after President Obama had packed the mall in Washington for his historic inaugural, The Tea Party held it’s historic event in which nearly the same size audience–according to maps supplied by the USA Today–had attended. That event catapulted a state by state tsunami-like momentum where grassroots, low tax, small government, pro-founding principles, pro-life, pro-national security, and pro-God forces aligned and an election victory of historic equivalence shook America in 2010. The driving force of that agitation then as it is still today was the effect of a poor economy, government intervention, federal overreach, bureaucratic mandates, and punitive taxes on the nation’s beleaguered small business community. Entitlements, bail-outs, and criminally reckless spending ensued. The Tea Party believed that the buffoons authoring the mess should be dealt a blow. And in 2010 they leveled power in the Congress. To read more, visit: http://nation.foxnews.com/mitt-romney/2012/01/10/romney-president-whats-tea-party-voter-do-2012 |
| Ron Paul Defends Romney, Lashes Out at His Critics Posted: 10 Jan 2012 05:31 PM PST By Jonathan Karl, ABC News In an exclusive interview outside a Manchester polling place, Ron Paul lashed out at fellow Republicans for making unfair and ignorant attacks on Mitt Romney's business record. "I think they're wrong. I think they're totally misunderstanding the way the market works," Paul told me. "They are either just demagoguing or they don't have the vaguest idea how the market works." Paul also came to Romney's defense for saying "I like to be able to fire people." "I think they're unfairly attacking him on that issue because he never really literally said that," Paul said. "They've taken him way out of context. … He wants to fire companies." In Paul's view, Romney is right to say that he created jobs by restructuring companies. "I think they're way overboard on saying that he wants to fire people, he doesn't care, Paul said. "You save companies, you save jobs when you reorganize companies that are going to go bankrupt. And they don't understand that." To read more, visit: http://abcnews.go.com/blogs/politics/2012/01/abc-exclusive-ron-paul-defends-romney-lashes-out-at-his-critics/ |
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