Items of Interest:
See how many double entendres you can find for this story.
Porn industry seeks federal bailout — WASHINGTON — Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion …
Ed Morrissey / Hot Air: Shocker: World's oldest profession not recession-proofRon Chusid / Liberal Values: Porn Industry Needs StimulusSteve Benen / Washington Monthly: INSERT INAPPROPRIATE PUN HERE.... Critics of the very idea …Thoreau / Unqualified Offerings: Farce, reality, who knows anymore?William Teach / Pirate's Cove: Know Who Else Needs A Bailout? The Porn IndustryCarl / Simply Left Behind: A Handshake Deal Is Reached Around The TableDenise Williams / Political Machine: Porn Industry to Request BailoutRoy Edroso / Runnin' Scared: Larry Flynt Request $5B Porn Bailout
Amanda Terkel / Think Progress:
Discussion:Stephanie Condon / CNET News: Tech lobbyists: Spend $30 billion in tax dollars, get 949,000 jobsNoel Sheppard / NewsBusters.org: Hustler Publisher and Girls Gone Wild CEO Want Porn Bailout
Discussion:Kevin Drum / Mother Jones: ENTITLEMENTS....From the New York Times account of Barack Obama's …James Kwak / The Baseline Scenario: Obama Doubles Down — Barack Obama did not actually predict …Robert Oak / The Economic Populist: Obama targets “entitlements” …Truthdig: Obama Ponders the Third Rail
Madoff got $250 million before arrest from Carl Shapiro -- Ten days before his arrest, Bernard Madoff received $250 million from entrepreneur Carl Shapiro, one of his oldest friends and biggest financial backers, the Wall Street Journal said, citing people familiar with the matter.
It isn't clear whether the sum received by the disgraced financier was a loan or an investment, the paper said.
Madoff told the 95-year-old Shapiro that he would be paid back quickly with interest or a gain, but none of the money was repaid, the paper quoted its sources as saying...
- The Mad Men of Madoff's World - Holman Jenkins, Wall Street Journal
- Will Madoff's Enablers Get Hard Time? - Telis Demos, Fortune
- Court Filing Details Items Madoff Sent - NY Times
Mortgage applications dip despite low rates -- Applications fell 8.2% in the week ended Jan. 2 after hitting a 5-year high the previous week...
Fixed 30-year mortgage rates averaged 5.07% in the week, up from 5.03% the prior week, according to the MBA's survey. The rate has plunged from 6.47% at the end of October, mostly after the Fed announced its intentions.
- Warning: More Doom Ahead - Nouriel Roubini, Foreign Policy
- Managing Fads, Frenzies & Finance Markets - Xavier Vives, Proj. Syndicate
- Don't Buy Wall Street's Latest Con - Paul Farrell, MarketWatch
- Read My Lips: No New Tax Cuts - Jeff Madrick, Boston Review
- Is Jamie Dimon The Next Man To Fall? - Charles Gasparino, The Daily Beast
- Obama's SEC Pick Is No Joe Kennedy - Steven Pearlstein, Washington Post
- Boost the Economy By Boosting Private Investment - Hal Varian, WSJ
- Do-Or-Die Time for the World's Economies - Martin Wolf, Financial Times
- A Page From the Hoover Playbook - Harold Meyerson, Washington Post
- Are Tax Revolts a Thing of the Past? - Steven Malanga, RealClearMarkets
- Seeing Through the Tax Cut Mirage - Peter Ferrara, American Spectator
- Sheila Might Be Obama's Liberal Bair - Clay Risen, The New Republic
- Ever Shifting Economic Sentiment - Caroline Baum, Bloomberg
- Chavez, Joe Kennedy and Cheap Oil - Editorial, Investor's Business Daily
- The Costly Compromises of Oil From Sand - Ian Austen, New York Times
- The Rich Versus the Politicians - Walter Williams, Washington Times
- Let's Stop the Reform-Industrial Complex - Jerry Bowyer, Forbes
- Fannie And Freddie: The Old Ways Can't Go Forward - CNBC
- Some Rough and Wonkish Stimulus Arithmetic - Paul Krugman
- The Need For and the Size of The Stimulus - Robert Reich
- Is There a Bull Market for Oil? - Bespoke Investment Group