Frontrunning: May 11

Tyler Durden's picture

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Careless Whisper's picture

Did you leave the lights on when no one was home? You'll get taxed for that. Google will eventually collect information of everything that uses electricity.

Google to make lightbulbs and dishwashers

http://www.telegraph.co.uk/technology/google/8506050/Google-to-make-ligh...

 

thedrickster's picture

Frank Bergstrom is too stupd to live, as is Liesman.

Careless Whisper's picture

Internet censorship back in a big way. Introducing the PROTECT IP Act.

Son Of COICA: PROTECT IP Act Will Allow For Broad Censorship Powers, Even Granted To Copyright Holders

http://www.techdirt.com/articles/20110510/13285714230/son-coica-protect-...

 

SheepDog-One's picture

How da fuk can the Post Office LOSE $2.2 billion dollars? I can see not making as much profits, but losing that much...what is the USPS doing running a triple inverse leveraged energy hedge fund out back?

squexx's picture

How can they lose money? Too many unions, too many Affirmative Action hires that they can't fire. The government always fucks up everything it touches!

Careless Whisper's picture

simple solution: deliver mail every other day.

capitalist bison's picture

How can they lose $2.2B? It's the government. Amtrak is running a massive deficit as well.

 

"I'm from the government, and I'm here to help."

I am Jobe's picture

Look Green Shitz

Stick a fork in this pig followed by FRE and FNM. Idiots runnign the show. Fools will be elected over and over. Hang the bitchez or send them to Syria.

 

U.S. Postal Service reports $2.2 billion loss

http://money.cnn.com/2011/05/10/news/companies/usps_earnings/index.htm?i...

Ray1968's picture

Between the Post Office, Fannie, Freddie and every other thing the government touches going bankrupt, how the hell will they "fix" our heathcare system?!?!?!?!?!?

We're so screwed!

I am Jobe's picture

Beyond screwed. One big fucking revolving door and corrpt system will never end in the USA.

squexx's picture

How you loving the "change" Obongo gave us?!??!

lizzy36's picture

Don't forget Amtrack.

SheepDog-One's picture

'Wall St says cuts alone wont fix budget'...Oh of course not, the only way Wall St thinks the budget can be fixed is more transfers of trillions from taxpayer to them at 0%, THEN the budget is really gettin fixed!

Jim Lahey's picture

A tax on wall street would fix. Watch the deficit go down as HFTs push low volume back and forth.  But that would make too much sense.

The wall street solution may go by way of Irish pension tax in American theater.

I am Jobe's picture

Easy money is certainly something which Whore Street has done to destroy the USA.

GOSPLAN HERO's picture
Forbes Predicts U.S. Gold Standard Within 5 Years?

Honest money in the USA again!

buzzsaw99's picture

The AIG thing may partially explain why they haven't crashed the stock market yet.

John Law Lives's picture

Dumb money flees munis:

http://www.bloomberg.com/news/2011-05-03/-dumb-money-flees-muni-funds-as...

excerpt:

<<< investment- grade municipal bonds had a cumulative 10-year default rate of 0.06 percent from 1970 to 2009, according to New York-based Moody’s Investors Service. >>>

I love ZH, but it was flat out WRONG by advising people that munis as a broad investment class are a ticking time bomb.  Some municipalities are poorly run and will default. Investors have a wide selection of munis to purchase and they should do their own DD.

Hard1's picture

Best healine today is #1 item in TOP news on Bloomberg

"Commodities, U.S. Stocks Drop on Inflation Concern; Euro Weakens"

Now a days on inflation concerns commodities happen to drop and treasuries rise!!!!

TK7936's picture

Its also my Birthday today :)

jimmight's picture

'Wall St says cuts alone wont fix budget'...Oh of course not, the only way Wall St thinks the budget can be fixed is more transfers of trillions from taxpayer to them at 0%, THEN the budget is really gettin fixed!

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