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HOUSTON – Texas is among the states where imported drywall, mainly from China, has reportedly been making people sick and destroying homes.
Keith Baker noticed sour smells emanating from the walls of his newly built home in Fort Myers, Fla., soon after he took up residence there in March 2008. Then the copper pipes from the water heater turned black, "as though someone threw soot on them." Soon, Baker and his wife started experiencing sinus problems, dizzy spells and muscle aches. They are among thousands of homeowners in Florida and elsewhere who are blaming such problems on low-quality, imported drywall.
The trucking industry is preparing for the first of a series of crippling regulations dealt them courtesy of the California Air Resources Board (ARB), whose goal has been to combat the side effects potentially caused by diesel emissions. Over the past several months, the science behind these regulations has come under increased scrutiny, specifically due to the credential fraud committed by one of ARB’s lead researchers.
All Drayage diesel trucks older than 1994 must be retired from service. Those built between 1994 and 2003 must undergo a costly retrofit — a soot trap ranging in price from $12,000 to $25,000, depending on the age of the vehicle.
(WASHINGTON)— Congressman Mike Coffman (R-CO), chairman of the Oversight, Investigations and Regulations Subcommittee for the Small Business Committee of the U.S. House of Representatives, presided over a hearing today on the concerns of small business leaders regarding proposed new rules limiting the trucking industry’s ability to efficiently transport goods across the nation.
Coffman convened the hearing to explore the Federal Motor Carrier Safety Administration’s (FMCSA) proposed new Hours of Service rule that would reduce the daily maximum driving limit, decrease the maximum on-duty time limit, require mandatory breaks, and change the current 34-hour restart provision.
“The proposed FMCSA rules are completely unjustified as they were derived using outdated truck-related crash figures. In fact, current figures from the Department of Transportation show a reduction in truck-related crashes by over 40 percent since the current Hours of Service rules were implemented in 2003,” Coffman said. “It is clear this is another example of bureaucratic overreach by the Obama administration into the private sector— unnecessarily restricting businesses and creating yet another burden on small businesses.”
Warren Buffett is again putting his massive stash of cash to work and making a big long-term bet on the still-struggling U.S. economy.
On Tuesday, the head of Berkshire Hathaway (BRKB) announced his biggest deal yet: a $26.3 billion cash-and-stock acquisition of Burlington Northern Santa Fe (BNI) that values the railroad giant at $34 billion.
It was classic Buffett: buying an easy-to-understand company with proven management and at a price that will likely generate long-term gains, says Lawrence Cunningham, author of How to Think Like Benjamin Graham and Invest Like Warren Buffett.
Originally posted by kro32
We already had a Second Great Depression and it happened right after the first during FDR's presidency. The fact that you have errors in your post just in the title makes the rest of your thread suspect.
Countries such as China, which had a silver standard, almost avoided the depression entirely.
Originally posted by FTD Brat
reply to post by ripcontrol
I am unable to provide any links.
I swear I saw it on Fox News sunday morning but I cannot find any articles that are even slightly related on the internet. Even when I first saw it flash across the screen I couldn't believe it. Now it seems the MSM has agreed, and not run a single story about it. haha
And who's to say Fox was wrong? Either on the 8th of July or the 2nd of August, we're just rearranging deck chairs on the Titanic!
In 1933, in an effort to protect American jobs, the US enacted something called the "Buy American" Act.
The law mandates that public buildings be built using only materials that have originated from the US and a few favored countries, like Canada and Israel. Home Depot has now become the latest American company accused of violating it.
The photograph on The Home Depot’s website shows a line of smiling soldiers unloading a truck stacked with power tools and other company wares.
The company says this shows “federal dollars go farther at The Home Depot.” San Francisco attorney Paul Scott says the photo also shows the company providing Chinese-made products in violation of the Buy American Act, and the U.S. Department of Justice is investigating.
Last month I described five reasons to steer clear of extreme couponing, and now I think I have a sixth: It brings out the worst in both consumers and retailers.
Industry watchers say TLC's popular reality show, Extreme Couponing -- which depicts coupon-obsessed men and women spending 30 to 40 hours a week cutting coupons to net pounds and pounds of groceries for pennies on the dollar (exhausted yet?) -- may be causing more harm than good in the real world.
Robert Wiedemer’s new book, “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown,” quickly is becoming the survival guide for the 21st century. And Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive interviews and prophetic predictions, already has affected millions around the world — but not without ruffling a few feathers.
Initially screened for a private audience, this gripping video exposed harsh economic truths and garnered an overwhelming amount of feedback.
“People were sitting up and taking notice, and they begged us to make the video public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog.
Over 10 Million Americans Have United to View This Powerful Warning to Prepare for a 2012 Economic Crisis! I Strongly Suggest You Take the Time to Join Them by Launching a Private Airing of This Broadcast Below . . .
From the Inside Flap
From the authors who accurately predicted the domino fall of the conjoined real estate, stock, and private debt bubbles that led to the financial crisis of 2008 and 2009, now comes the definitive look at what is still ahead in 2012 and beyond—and what investors can do right now to protect themselves.
Based on the authors' unmatched track record of precise predictions in the two landmark books America's Bubble Economy and Aftershock, this Second Edition of Aftershock updates the original book by more than 35 percent with fresh analysis of the latest economic developments, plus offers new in-depth advice for how readers can prepare now for protection and profits in the next global money meltdown.
WORRIED ABOUT THE HOUSING BUBBLE? You should be, but don't let it monopolize your agita. There are four other bubbles also deserving of attention, according to America's Bubble Economy: a stock-market bubble, a foreigner-supported-dollar bubble, a consumer-debt bubble and a U.S.-debt bubble. When the five collide in a "bubblequake," the book's authors predict, the air will rush out of the pumped-up U.S. economy, deflating the average American's assets and standard of living.
But not to panic. America's Bubble Economy has a subtitle: Profit When It Pops. Eric Janszen, one of its four authors, suggests keeping 10%-15% of your assets in gold, which he sees rising "to a peak price of $2,500 to $3,000'' an ounce. Janszen et al. also recommend eurobonds and euro-denominated exchange-traded funds, because most of Europe isn't as indebted as the U.S. and its main currency should outperform the dollar.
A former venture capitalist and founder of the financial Website iTulip, Janszen says the U.S. is repeating errors of the Nixon era, including massive government deficits, under-funded entitlements and an unpopular war the government can't fund with higher taxes or special bonds. Throw in today's growing global demand for commodities, and "... all roads still lead to inflation, whether due to energy costs, unfunded deficits or dollar-currency risks," he says.
Janszen, who was rightly skeptical of the Internet craze early-on, tells Barron's that the current stock-market bubble is "a reflection of monetary inflation" rather than future earnings. A more normal trendline, he says, would put the Dow at about half its present level, or 6,000. Now, that's something to worry about.
—Susan Witty (Barron's, November 13, 2006)