Friday, March 23, 2012

U.S. Airways in talks to take over American

US Airways is reportedly in talks with creditors for American Airlines about a possible merger -- a deal that would reduce the number of major big national airlines to just three.

According to published reports and industry analysts, US Airways has put forward plans to take over American, which is in the process of restructuring its operations through bankruptcy.


http://bottomline.msnbc.msn.com/_news/2012/03/23/10829396-us-airways-seeking-to-acquire-american-out-of-bankruptcy

Cable rankings

CABLE NEWS RACE
THURS., MARCH 23, 2012

FOXNEWS O'REILLY 2,733,000
FOXNEWS HANNITY 2,079,000
FOXNEWS GRETA 1,905,000
FOXNEWS SHEP 1,616,000
FOXNEWS BAIER 1.601,000
FOXNEWS FIVE 1,499,000
MSNBC MADDOW 988,000
CMDY DAILY SHOW 879,000
MSNBC SCHULTZ 865,000
MSNBC O'DONNELL 818,000
MSNBC SHARPTON 817,000
MSNBC HARDBALL 791,000
CNN COOPER 738,000
CNN PIERS 703,000

The stakes could not be higher

Charles Krauthammer:


Ultimately, the question will hinge on whether the Commerce Clause has any limits. If the federal government can compel a private citizen, under threat of a federally imposed penalty, to engage in a private contract with a private entity (to buy health insurance), is there anything the federal government cannot compel the citizen to do?

If Obamacare is upheld, it fundamentally changes the nature of the American social contract. It means the effective end of a government of enumerated powers — i.e., finite, delineated powers beyond which the government may not go, beyond which lies the free realm of the people and their voluntary institutions. The new post-Obamacare dispensation is a central government of unlimited power from which citizen and civil society struggle to carve out and maintain spheres of autonomy.

Figure becomes ground; ground becomes figure. The stakes could not be higher.


http://www.nationalreview.com/articles/294193/obamacare-reckoning-charles-krauthammer

That can't be good

Chinese manufacturing activity shrank for a fifth straight month in March and the euro zone economy is showing new signs of wilting, according to surveys on Thursday that pointed to weakening global demand.

http://www.reuters.com/article/2012/03/22/us-global-economy-idUSBRE82L0KL20120322

Study: it takes 10 units of alternative electricity sources to offset 1 unit of fossil fuel-generated power

http://wattsupwiththat.com/2012/03/21/study-it-takes-10-units-of-alternative-electricity-sources-to-offset-a-unit-of-fossil-fuel-generated-power/

Dem Rep. on Obama's trip to Oklahoma: "most idiotic political move I've ever seen"




“During his trip today, he pretended to support the virtues of oil and gas, but we all know what he is really doing,” said Sen. James Inhofe (R-Okla.), who accused the president of being the most anti-fossil fuel president in history. “The only job this trip was meant to save is his own.”

Rep. Dennis Cardoza said the president’s move wouldn’t satisfy anybody and would merely keep the issue alive.

“I think it’s the most idiotic political move I’ve ever seen,” said Cardoza, who supports the pipeline. The California Democrat said the president needs to make a decision one way or another and stick to it.

If he’s going to build it, “do it, take your lumps, be done with it,” he added.

Cardoza said the latest maneuver amounts to “highlighting a waffle.”

“They don’t build statues to wafflers,” he said.


http://www.rollcall.com/news/obama_takes_more_fire_over_keystone_pipeline-213345-1.html

Obamacare and the Supreme Court

From the WSJ Editorial Board:


"The framers feared arbitrary and centralized power, so they designed the federalist system—which predates the Bill of Rights—to diffuse and limit power and to guarantee accountability. Upholding the ObamaCare mandate requires a vision on the Commerce Clause so broad that it would erase dual sovereignty and extend the new reach of federal general police powers into every sphere of what used to be individual autonomy."

http://online.wsj.com/article/SB10001424052702304724404577291762007718228.html?mod=WSJ_Opinion_LEADTop

The Supreme Court will hold three days of oral arguments soon regarding Obamacare. It may prove to be the most important ruling in our lifetime. If the Feds can mandate you buy something--and punish you if you don't--then this great American experiment in freedom is over.
--Yossarian.

Big Brother is at it again

The Obama administration has approved guidelines that allow counterterrorism officials to lengthen the period of time they retain information about U.S. residents, even if they have no known connection to terrorism.

The changes allow the National Counterterrorism Center (NCTC), the intelligence community’s clearinghouse for terrorism data, to keep information for up to five years. Previously, the center was required to promptly destroy — generally within 180 days — any information about U.S. citizens or residents unless a connection to terrorism was evident.