Lionheart Group Scam Prevention Steps

Once again John Hussman has written an excellent weekly column. This week, in Misallocating Resources, Hussman talks about stock market valuations, PE ratios, bailouts, and other things. Let’s start with a look at stock market valuations. Market Valuations and Earnings Estimates From Hussman…On a valuation basis, the S&P 500 remains about 40% above historical norms on the basis of normalized earnings. The disparity between our valuation assessment and the putative undervaluation …

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Hussman on Misallocating Resources, Market Valuations, Earnings Estimates, and Public Policy

In attempting to reduce current payouts, Kentucky granted excess benefits to workers who would go on early retirement. The result was less than stellar. Please consider Retirees may soon outnumber workers contributing to state pension system Just four years ago, there were 51,027 state workers contributing toward the pension fund and 34,120 retirees drawing benefits from it. By 2009, the number of workers slipped to 50,394 while the number of retirees leapt 19 percent to 40,531. (In a …

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Kentucky Retirees May Soon Outnumber Pension Contributors

US magazine publishers showed their first signs of growth since 2007, buoyed by a strong rebound in advertising spending from carmakers, finance, property and cosmetics companies

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US magazine advertising rebounds

I have a few more candidates that I would like you to consider supporting in the upcoming mid-term elections. The first of these candidates is Kelly Nguyen running in Georgia’s 5th Congressional District. Please check out Kelly Nguyen Stands on Issues. Jobs and the Economy: Small businesses are the backbone of the American economy and employ over half of all Americans. The recession was inevitable because of federal policies working against small businesses. We must reverse federal …

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Kelly Nguyen for Georgia District 5 – Atlanta

Alcoa provides a healthy start to the corporate earnings season by raising its outlook for growth in global aluminium consumption after stronger-than-expected demand

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Alcoa’s earnings set bullish tone

(From latimes.com) Learning more than one language is a 21st century skill. It provides students with economic opportunities across the globe and at home. Many students enter our schools fluent in a language other than English. They speak Spanish, Chinese, Japanese, Farsi, Arabic, Khmer and dozens of other languages important in international trade. They come with a resource. Ideally, these students — more than 1.5 million in California who enter school speaking a language other than English — would gain English proficiency while enhancing their home language skills. They would graduate from high school fully bilingual or multilingual and ready to compete in the global marketplace. Read more.

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Language: A skill, not a weakness— Commentary

Scam Artists' Scheme Exposed WSMV Nashville They have your personal information and threaten to send the police to your home and work if you don't pay a debt on the spot. But these scam artists never …

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Scam Artists’ Scheme Exposed – WSMV Nashville

The part lenders played in issuing mortgage-backed securities to the finance houses, and whether these hurt them when the housing market collapsed, is to be investigated

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Fannie, Freddie regulator issues subpoenas

Early indications suggest that Dan Hesse’s turnround strategy is working as the number of contract customers on Sprint’s CDMA network is close to returning to growth

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Telecoms veteran eyes the fast lane

The troubled US mobile phone operator is examining a technology shift that could pave the way to a merger with T-Mobile USA, Deutsche Telekom’s struggling US unit

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Sprint’s 4G move opens way to merger

(From Bradenton.com) MANATEE — Denise Kleiner, the founder of the Old Braden River Historical Society, has launched another nonprofit organization, this one to train people to clean parts of the Florida coast fouled by the Gulf oil spill. The new organization, Florida Coastline Organization Inc., has already raised money from private sponsors, and is planning to offer training sessions in places like Fort Myers Beach and the City of Apalachicola, according to Kleiner, who resides now in the Fort Myers area. Its directors, some of whom are well-known musicians, hope to recruit bands for an as-yet unscheduled concert in Miami to raise money for the new organization. Read more.

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New nonprofit hopes to give training for oil spill cleaning

The Mashantucket Pequot Tribal Nation, the native American tribe that owns one of the largest casinos in the US, is to repay a $700m loan as it negotiates to restructure $2bn of debt

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Sovereign debt fears hit tribal casinos

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These rarely payoff. 3. Government grant offer. The Obama era has given these scammers new life. 2. All drug sales at a big discount are likely fake. 1. And the number one way to recognize an email scam : any email from Nigeria! … Select Category, Advice (4), Announcements (4), Big (3), Blackberry (2), Blogging (1), CMA (1), Connect Realty (7), Connect Times (1), eNeighborhoods (1), Fannie Mae (1), Featured author (1), Growth (4), Homes.com (2), Ice Cream (1), Inman (3) …

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Ten Ways to Recognize Email Scams « The Connect Times

New York Times (blog) Learning to Live with Conflicts of Interest New York Times (blog) Goldman (and the rest of Wall Street ) is in the business of selling stuff. That is its purpose on earth. It has a duty to shareholders to maximize profit, … and more

Proposals to narrow the pool of investors allowed in the US to buy complex asset-backed securities in private markets are being drawn up by the securitisation industry to fend off a ban by regulators

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Securities sector seeks to fend off SEC drive

Salon Deficit commission almost done deciding to slash Social Security Salon Except that apparently Maloney is in bed with Wall Street . Saujani says Maloney has taken lots of “special interest corporate PAC money. … and more

… the headlines for the wrong reasons again. This time, Liberty Mutual Insurance Co. has sued Goldman for misleading it to buy the preferred stock of Fannie Mae (FNMA), which became practically valueless. … … The Bayou Scam . Goldman has been subject to a number of litigations of late. Last month, the securities regulator Financial Industry Regulatory Authority (FINRA) ordered Goldman to pay $20.6 million to settle claims with the creditors of a failed hedge fund. …

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Goldman Sued Again – Analyst Blog | Stock Market News & Stocks to …

As its influence grows across the web, Google’s algorithm is starting to shape the world it describes

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Groups magnify chances of Google hits

BBB finds home rental scams on Craig's List Delphos Herald The scammers are listing homes for rent on Craig's List claiming the owners are in Africa doing missionary work and want to rent their vacant house. … and more

Goldman, which had acted as an underwriter for the offering of Fannie Mae in 2007, has been accused of misrepresenting the financial health of Fannie Mae at that time. Liberty Mutual, which had invested $62.5 million to buy the Fannie … The Bayou Scam . Goldman has been subject to a number of litigations of late. Last month, the securities regulator Financial Industry Regulatory Authority (FINRA) ordered Goldman to pay $20.6 million to settle claims with the creditors of …

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Goldman Sued Again | Daily Markets

Is that truly in the best interest of the citizens of the country, or does it in truth only scam those citizens ever more for the benefit of an elite that isn’t even clever enough to not lose bigtime at the nation’s crap tables? Fannie …

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Letters from Mr. Sunshine: The Greatest Con Since … 1776

Langley home used in Internet scam Seattle Post Intelligencer The “owner” told Driftmeyer that his wife was a doctor, and that they had recently been recalled to work in a hospital in West Africa. …

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Langley home used in Internet scam – Seattle Post Intelligencer

Deficit Peacocks Admit Their Own Fraud with Talk on Tax Cuts, Defense Firedoglake (blog) Economic historians will use the “fed audit” as the jumping off point in which they will eventually conclude that the “derivatives” from Wall Street in the … and more

The following press release from Citizens for Responsible Government explains how the Milwaukee County DA’s office investigated political blogger Christopher Liebenthal, and found he was doing his political blogging on taxpayer time. I believe Liebenthal should lose his job and be required to pay back the taxpayers for the wages he stole from them. CRG Network PRESS RELEASE July 12th, 2010 For Immediate Release DA Investigates Taxpayer-Funded Political Blogger Finds Evidence of “extensive political blogging” MILWAUKEE – The Milwaukee County District Attorney’s office concluded its investigation into the misuse of county resources for political purposes finding that Milwaukee County employee Christopher Liebenthal engaged in “extensive political blogging” from his taxpayer-funded computer. Liebenthal has been active in Milwaukee County First and AFSCME Local 48 .  He has blogged or maintained web pages for those groups as well as his own.  Blogging under the name “Capper,” Liebenthal writes for two political blogs called Cognitive Dissidence and Whallah! The District Attorney had earlier seized the Liebenthal computer from his county office based on a complaint issued by Orville Seymer of Citizens for Responsible Government.  Despite the findings of “extensive political blogging” by the County DA’s technical forensic expert, the DA’s office declined to issue criminal charges citing a narrow interpretation of state statutes that would require such online activity to solicit a direct campaign contribution or service. CRG spokesperson Chris Kliesmet added, “It is now clear and unequivocal that, despite his earlier claims to the contrary, Mr. Liebenthal is a prolific political blogger who “extensively” used a county computer to engage in this political activity.” “After discussing the situation with the District Attorney’s office, it is also clear that they would prefer to see this handled as a county personnel matter rather than a criminal matter,” said Kliesmet.  “The ethical standard and consequences of this manner of workplace misconduct has been established and Mr. Liebenthal’s actions constitute an extreme example.” Liebenthal took taxpayer resources meant to care for those most in need and spent them on his own political crusades,” said Kliesmet.  “He should own up to his illicit use of taxpayer property and time and resign.” CRG continues to follow this matter and will publish additional facts and data as they become available. For further information contact Chris Kliesmet at 414-429-9501 or visit www.crgnetwork.com .

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Milwaukee County employee Chris Liebenthal engages in “extensive political blogging” while on the taxpayers’ dime

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Playboy’s founder Hugh Hefner has offered to take the storied adult entertainment company private in a deal worth about $122.6m after earlier efforts to sell the company failed.

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Hefner moves to take Playboy private

Shares in Aon, the US insurance broker, slumped after the company said it would acquire Hewitt Associates, bolstering its human resources consulting arm in a cash and stock deal worth $4.9bn, excluding debt

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Aon to buy Hewitt in $4.9bn deal

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PoliticMo Daily Rundown: July 12, 2010 PoliticMo (blog) When police in Overland Park and Shawnee, Kansas began the investigation into the stolen laptop back in 2005, the international scam came to light. … and more

Investing Contrarian Bank Of America (NYSE: BAC) Admits To Hiding Debt istockAnalyst.com (press release) Window dressing is as old as Wall Street . But what Bank of America has done is commit fraud in my opinion. Companies moving funds around within the company … Bank of America Says Trades Were Wrongly Classified BusinessWeek Bank Of America's $10.7 Billion Accounting Mistake Hid Debt, But Was Accident … Huffington Post (blog) BofA says 6 transactions were not in compliance Charlotte Observer all 70 news articles

VIDEO: As Hollywood Awaits ' Wall Street ' Sequel, Trailer Promoting Reality … PR NewsChannel (press release) … film ' Wall Street ,' comes word of a reality show in development starring a real-life former trader currently charged in a $140-million stock scam . … and more

New Zealand Herald EU seeks to boost investor protections AFP … financial services commissioner Michel Barnier, referring to Bernard Madoff, the Wall Street fraudster jailed for running a giant pyramid scheme. … EU Plans to Toughen Investor Protection ABC News EC moves to protect savers' deposits Telegraph.co.uk EU to improve protection of financial consumers-FACTBOX Forexyard all 460 news articles

Cambridge Place Drops Napalm On Wall Street Daily Markets But successfully arguing that Wall Street aided lenders in a fraud is tough under federal securities laws. This is largely a result of Supreme Court … Fund sues banks for $1.2 bln loss tied to subprime Reuters all 34 news articles

Some Medicaid Doctors Rely Heavily On Potent Drugs Texas Tribune Some go as far as calling it a scam , equating it to reading palms. “Parents come in and get convinced they need a high-tech snake oil picture of their … and more

Probe of pensions worth effort, despite critics The Journal News | LoHud.com Lazio stated in a Wall Street Journal article. “I find that mind boggling. It is without doubt something New York must do if we're going to put our state on …

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Probe of pensions worth effort, despite critics – The Journal News | LoHud.com