Friday, June 29, 2012

We could stop importing oil from the Middle East today if we wanted to.

So pretty much, we buy oil from Friendly Nation-istan. Europe, which was buying from Friendly Nation-istan, now has to buy from Saudi Arabia. Since oil is a global commodity, that means that Saudi Arabia gets the same amount of money, the... oil tankers just head for a different port.

The only way to throttle the flow of cash to the terror-magnates is to find alternative fuel sources. Reduce the demand, and we can pick-and-choose who gets to sell oil. Otherwise, we're just playing games, pretending that we're making a difference.

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Source: http://www.facebook.com/motherjones/posts/442475625787419

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Candidates take legal action | WAVY.com | Portsmouth

PORTSMOUTH, Va. (WAVY) - Two Portsmouth City Council candidates are taking legal action against the city regarding a ballot deadline.

Former councilwoman Elizabeth Psimas and Paul Smith filed paperwork seeking to reverse an electoral board decision that's keeping them off the ballot because of mix-up over the filing deadline.

Both candidates filed to run before June 12 because state and local officials advertised that day as the deadline. The city charter was revised last year, and it stated the deadline was one week earlier.

"At the end of the day, what keeps us as Americans, is the ability to vote for the people who deserve to lead our city, lead our communities," one of two attorneys representing the candidates Steve Heretick said. "We think that everyone should have an equal right to follow the same law and file for candidacy."

The two candidates are hoping to get on the Nov. 6 ballot by forcing the City to reverse their decision not to allow them to run.

Source: http://www.wavy.com/dpp/news/local_news/portsmouth/candidates-take-legal-action

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Sky-divers drop from blimp to demo Google Glass eyewear

19 hrs.

Google co-founder?Sergey Brin turned up at the I/O keynote in San Francisco Wednesday, and revealed that a trio of basejumpers were hanging out in a blimp overhead. Brin's instructions: Jump out of the airship, land on the roof of the Moscone Center, and deliver a box containing a pair of the augmented-reality?glasses.?

Because this didn't seem complicated enough, Brin asked for mountaineers to rappel down the walls of the center, then hand off the package to cyclists, who rode into the auditorium, as you can see in the video released late Wednesday:

It was a pretty crazy stunt, though one that didn't reveal much about Google Glass except that it stays on during extreme sports, will come in a variety of styles, and weighs less than a standard pair of sunglasses.

It was also revealed that Google will allow attendees of this week's conference to pre-order a version of Google Glass for $1,500. This model will be a rough edition, not the final product, and is intended for serious developers only.

Wilson Rothman is the Technology & Science section?editor at msnbc.com. Catch up with him on Twitter at @wjrothman, and join our conversation on Facebook.

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Sports Briefs ? June 28 | The West Side Index and Gustine Press ...

Football all-stars to compete Friday in Merced

Gustine and Orestimba High will be represented in the annual Rotary North-South All-Star Football Game to be played Friday, June 29, at Golden Valley High School in Merced.

The North roster includes Johnathan Mello from Gustine and Chase Richey from Orestimba.

Kickoff is 7:45 p.m.

Tickets are $10 for adults and $5 for students.

Youth football camp offered July 7 in Gustine

Gustine High School will host a youth football camp Saturday, July 7, from 9 a.m. to 4:30 p.m.

Participants will go through a variety of drills and learn valuable skills and fundamentals which will help prepare them for the upcoming season.

The camp is open to children ages 6-14 from Gustine and surrounding communities.

Cost is $30, which includes lunch and a t-shirt.

Registration has been extended to July 7. Registration forms can be picked up at Pizza Factory and turned in at the camp before 9 a.m.

Applications are available at Gustine High or by contacting Coach Russell McWilliams at 854-6414 or by email at rmcwilliams@gustine.k12.ca.us.

Newman rec sponsors Kajukenbo program

The city of Newman is sponsoring a Kajukenbo program which meets Tuesday and Thursday evenings.

The program is open to ages 5 and up.

Fee is $10 annually.

Call 862-4440 for additional information.

Used equipment donations sought

The Newman Recreation Department is accepting donations of gently used cleats, gloves, bats, bags and other sporting equipment to be redistributed for baseball, softball and soccer.

Community members may donate items at the Newman Youth Center on Hardin Road. The center is open from 2:30-6 weekdays.

Those in need of items are invited to visit the center to see what items are available.

Tennis lessons

Premiere Tennis and the Newman Recreation Department are teaming up to offer a series of summer tennis camps.

The camp sessions are geared to a variety of skill levels and ages ranging from 4-17. Fees range from $25 to $75.

Remaining sessions are scheduled for July 7-13 and July 30-Aug. 3.

Call 862-4440 for additional information.

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Thursday, June 28, 2012

Florida-based insurers report 40 percent rise in profits: Will consumers benefit?

KevinMcCarty.jpgFlorida-based home insurers, which have 60 percent of the state's policies, reported a net income of nearly $78.7 million in the first quarter, up 40 percent from the first quarter of 2011, according to Florida Insurance Commissioner Kevin McCarty.

If the trend continues, will insurers "share the wealth" with consumers either by bolstering claims-paying reserves or by lowering some premiums?

Many will beef up their reserves, insurance experts say, but it's unclear whether they'll decrease rates based on a year or two of healthy profits. If the market improves in the long-term, that could spur competition among insurers for policies and help lower rates in years to come.

"The numbers often look good for an individual year ? or years ? without a hurricane...Good years help build the resources to handle the big losses," said Lynne McChristian, a spokeswoman for the Insurance Information Institute, an industry group.

Nationally, private U.S. property and casualty insurers? net income after taxes for the first quarter rose nearly 30 percent to $10.1 billion from $7.8 billion in first-quarter 2011, according to a report Wednesday from ISO and the Property Casualty Insurers Association of America. The increase was largely due to lower costs for catastrophe claims.

The Florida-based insurers reported an underwriting gain, or when premiums outpace claims and other expenses, of $39.4 million, up 314 percent from $9.5 million last year, McCarty reported Tuesday at a Florida Cabinet meeting.

McCarty said there?s record interest in Florida this year from reinsurers, which sell catastrophe insurance to insurers. Up to 20 reinsurance companies in Bermuda and London want to increase how much catastrophe backup coverage they sell to Florida insurers.

Citizens Property Insurance President Barry Gilway also had some good news: the state-run insurer has downsized, shedding 80,288 policies representing $20 billion in risk so far this year.

Photo of McCarty by Chelsea Matiash, Sun Sentinel.

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Student Loan Deal Reached, Senate Leaders Say

Student Loan Deal

Senate Majority Leader Harry Reid of Nevada and Senate Republican leader Mitch McConnell of Kentucky told reporters Tuesday that they have worked out an agreement between themselves.

WASHINGTON -- Senate leaders of both parties say they've reached a deal to prevent interest rates on millions of student loans from doubling beginning on Sunday. But House Speaker John Boehner (BAY'-nur) has yet to decide whether the pact will be agreeable to the Republican-run House.

Senate Majority Leader Harry Reid of Nevada and Senate Republican leader Mitch McConnell of Kentucky told reporters Tuesday that they have worked out an agreement between themselves.

Boehner spokesman Michael Steel says the Ohio Republican will examine the pact.

Senate aides say the agreement would keep interest rates for subsidized Stafford loans at 3.4 percent for another year. The $6 billion cost would be financed by making it more expensive for companies to get federal insurance for their pensions and reducing federal subsidies for Stafford loans.

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Supreme Court to Decide on Health Law (WSJ)

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