Archive for June 9th, 2009

Reports are coming out that T-Mobile has again been hacked. In 2005 T-Mobile was hacked by Nicholas Jacobsen resulting in exposure of all 16 million U.S. users account details. Current reports and posted screen captures appear to show that once again hackers have full access to T-Mobile’s network.

Comments No Comments »

June 8 (Bloomberg) — I’ve finally figured out the Obama economic strategy. President Barack Obama and his team have been having so much fun wielding dictatorial power while rescuing “failed” firms, that they have developed a scheme to gain the same power over every business. The plan is to enact policies that are so anticompetitive that every firm needs a bailout.

Once that happens, their new pay czar Kenneth Feinberg can set the wage for everybody and Rahm Emanuel can stack the boards of all of our companies with his political cronies. Read the rest of this entry

Comments No Comments »

Pretty stupid.

Watching Fox News Sunday, I caught a panel on which Obama economic advisor Austin Goolsbee conceded that the administration had previously predicted unemployment would top out at around 8%, that it was now up to 9.4%, and that double-digit unemployment was a distinct possibility in the near future. Goolsbee didn’t resort to the administrations’s blather about “saving or creating jobs,” but he did repeat its fustian about how last month’s loss of 345,000 jobs (resulting in a half percentage point jump in the jobless rate) is somehow good news because it beat predictions (I don’t recall him saying whose) of even more dire loss numbers. It made me wonder why, if those predictions either existed or were serious, the Obama administration would have previously predicted that unemployment would top out at 8%? Read the rest of this entry

Comments No Comments »

Senior Chinese leaders have privately voiced fear over the soaring US budget deficit and are increasingly looking to diversify from the dollar, a Republican congressman said.

“We heard across the board — in private — substantial, continuing and rising concern,” Representative Mark Kirk said after a trip to China that included talks with government officials and central bank chief Zhou Xiaochuan. Read the rest of this entry

Comments No Comments »

The Obama Numbers Are Pure Fiction.

Tony Fratto is envious.

Mr. Fratto was a colleague of mine in the Bush administration, and as a senior member of the White House communications shop, he knows just how difficult it can be to deal with a press corps skeptical about presidential economic claims. It now appears, however, that Mr. Fratto’s problem was that he simply lacked the magic words — jobs “saved or created.” Read the rest of this entry

Comments No Comments »

Optimization WordPress Plugins & Solutions by W3 EDGE