Just Posted: Soros Bailing Out of U.S. Stock Market
Wednesday, August 18, 2010 11:33:28 PM · by The Magical Mischief Tour · 9 replies
Economic Policy Journal ^ | 08/18/2010 | Economic Policy Journal
Billionaire trader and political manipulator,George Soros, is clearly not optimistic. The latest SEC filings are out on the Soros hedge fund, Soros Fund Management. Between the end of March and the end of June, Soros lowered his stock investments from $8.8 billion to $5.1 billion in the fund, Soros Fund Management. He sold most of his positions (over 95%) in Wal-Mart, J.P. Morgan Chase and Pfizer. His biggest positionb at the end of June was in the gold ETF which accounted for 13% of his equity portfolio at $638 million. Among the stocks that Soros added to the funds portfolio...
Answered Prayers… Who Owns the Building??
Haaretz – Muslim leaders to abandon plans for Ground Zero community center(Hat Tip: Jean Stoner)
Insiders say Muslim spiritual leaders behind the controversial initiative are considering giving up on the former World Trade Center location, in a gesture of appeasement.
Wall St. Billionaire Compares Pres. Obama to Hitler
The Genetically Engineered Food Right to Know Act
How Obama is Locking Up Our Land cont…
Video: Agents Retreating From the Border?
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Dr. Laura Quits Radio Show After 'N-Word' Controversy
Left-Winger Confirms Obama Corruption Scandal
Politically Incorrect Headlines:
- America using a climate change weapon?
- Osama Hunter to Try Again - Faulkner still has bin Laden in his sights
- Why This Mosque on This Spot? Leftists discover religious tolerance, property rights.
- VIDEO: Michael Savage - Lesson on History of Islam and Jihad - Why They Must Be Stopped
- Clock Ticking for Strike On Iranian Nuke Site?
- Now it's a 'plot' if you oppose the 'Ground Zero' mosque?
- Blago Trial Deadlocked Over One Juror - Prosecutors vow to retry
- Arab TV chief: 9/11 mosque would be 'monument' to terror
- Olbermann Uses Words of U.S. Soldier to Bolster Anti-War Agenda, Ignores Soldier’s Support for Iraq Mission
- What About the Ground Zero Church? Archdiocese Says Officials Abandoned Project
- Thomas Jefferson and the Ground Zero Mosque
- Tea Partiers Take Over Stretch of Border - Maricopa County Sheriff Joe Arpaio speaks at a rally
- Critics Call for Mosque Root Beer Summit
- Obama Brings His Teleprompter On Vacation
- Scathing Congress report slams Obama's 'covert, criminal activity' - illegally using taxpayer money to manipulate public
- President goes for a swim in the Gulf – or does he?
- Rand Paul Slams Obama: 'Stay out of Kentucky affairs' Keep EPA out of Ky. affairs
- How many socialists sit in Congress today? 1 group boasts 70, but see what WND survey suggests
"Mamas...Don't let your babies grow up to be Cry-Boys..."
The Redefinition of Marriage: An Exercise in Moral and Cultural Suicide
- VIDEO: Reagan the Prophet -- Don't say he didn't warn us.
- Obama backtracks over Ground Zero mosque after furious 9/11 families label him 'insensitive and uncaring.'
- Amnesty Means Massive Medicaid Costs
- Death, Taxes and the Failure of Obamanomics
- Hamas chief on 9/11 mosque: 'Islam must build everywhere'
- History Lesson on Your Social Security Card
- The Southern Poverty Law Center exposé
- 70 avowed socialists in U.S. Congress
- Obama Supports Ground Zero Mosque
- Chrysler's Gun-Toting Pickup Truck
- Mosque Controversy: An Open Letter to the Mayor of New York, Michael Bloomberg
- Social Security Loses Money for First Time Before the Feds. Steal from the Account
- California Congresswoman Maxine Waters (D) Faces Ethics Charges -- Claims it's Bush's Fault.
- Lone Dissenting Fed Member, Hoenig, says Federal Reserve is undertaking a "dangerous gamble."
San Francisco wants to ban 'Happy Meals'
--> S510 Renamed, Slipped Into Another Senate Bill <--
http://www.ombwatch.org/node/11209
Leading Democrats and Republicans in the Senate came to an agreement today on pending food safety legislation, Congress Daily (subscription) reports. The compromise will be introduced on the floor as a managers’ amendment to replace the FDA Food Safety Modernization Act (S. 510) which was approved by the Senate Health, Education, Labor, and Pensions (HELP) committee in November 2009. The managers’ amendment has not yet been released, but presumably, it largely resembles S. 510.
The House passed a much-needed food safety reform bill in July 2009, but companion legislation has been held up in the Senate for a frustratingly long time. Food safety reform enjoys bipartisan support, but the bill has been demoted below other priorities.
Additionally, some Senators are seeking to attach amendments of varying utility to the bill. From Congress Daily:
The managers' amendment, which is expected to be posted on the HELP Web site today, will not address controversial Democratic amendments from Sen. Dianne Feinstein of California that would ban the use of bisphenol-A, a common plastic additive known as BPA, and Sen. Jon Tester of Montana to exempt food producers that generate less than $500,000 in sales per year or sell food directly in a farmer's market from new regulations.
So what does all this mean? Probably nothing. The Feinstein and Tester amendments were apparently among the sticking points preventing the bill from reaching the floor. Those sticking points have not been resolved, ergo, the same difficulties remain.
“Harkin's staff said conversations on outstanding issues are ongoing as the legislation heads to the floor,” Congress Daily reports. Whereas you or I might call this “delay,” the United States Senate calls it, “compromise.”
The Senators who worked out the compromise hope to bring the bill to the floor “as soon as possible,” The Hill reports. Of course, we’ve heard that before, with no results. (See here, from March, or here, from May.) If the Senate gets its act together and passes food safety reform by the end of the year, it will be a small miracle.
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