START THE PRESSES Nov 27, 2008
One chore high on Ben Bernanke's to-do list was ordering the rebuilding of Uncle Sam's money presses a week ago to make sure they won't break down trying to keep up with the government's new 800 billion relief plan ... The holder, in turn, then swaps his newly gained cash back to Uncle Sam for government IOU's, such as one-year Treasury bills, and the cash goes back into the hands of the Fed to be traded out again in other rounds of similar horse-trading - leveraging the cash many times over ...... (New York Post -- Business)
Here comes Santa Claus...to Halfmoon Nov 26, 2008
The Uncle Sam Chorus added a more sedate brand of music from the inside of a trolley. Long-standing Halfmoon residents the Betts family built their own float as did the Shenendehowa High School robotics team which joined the parade for the first time. (Community News Weekly, NY)
Uncle Sam Pumps Up Citi Nov 26, 2008
U.S. guarantees bank against losses on $300 billion of its riskiest assets and injects another $20 billion in capital. The federal government stepped in Sunday night to bail out Citigroup and restore confidence in the financial system, promising to protect the banking giant against losses on hundreds of billions of dollars worth of troubled assets. (Forbes -- Business)
Vets on losing side of contractors work Nov 25, 2008
I ve often said veterans aren t looking for freebies from Uncle Sam. Rather, they re looking for what they ve earned by virtue of lacing up a pair of combat boots. (Burlington Union, MA)
Citigroup Bailout Fuels Wall Street Boon Nov 25, 2008
But some analysts say the bailout doesn't go far enough - and that the company will need much more from Uncle Sam. "The $20 billion is about 10 percent of what Citicorp needs to get back to financial health," said Sean Egan of Egan-Jones Ratings Company. (CBS News)
Mass. firms snaring more US work Nov 25, 2008
The Massachusetts economy has become increasingly reliant on Uncle Sam in recent years. According to the most recent available figures, the federal government awarded $11. (Boston Globe)
Liberia: Ghana's Kufuor Receives Highest Honour Nov 25, 2008
Nigeria lost more Soldiers trying to keep Monrovia safe and provided financial support when uncle Sam (U.S),left us in our trouble. Author: fisherperry Tue Nov 25 06:06:40 2008. (allAfrica.com)
US pumps in $20 bn in Citi Nov 25, 2008
Since Uncle Sam is not pushing through any management changes at Citi, CEO Vikram S Pandit gets to keep his job, at least for now. However, the US government will get $27 billion of preferred stock, paying 8% dividend. (Economic Times)
Thanksgiving: An economic stimulus? Nov 25, 2008
These bailouts breed more incompetence; since ineffective managers can now conduct business knowing Uncle Sam will bail them out. So far, these bailouts have cost over 1 trillion. (Atmore Advance, AL)
Student's view on Prop. 8 (148) Nov 25, 2008
com wrote on Nov 21, 2008 2:17 PM:" To my dear young friend Will Smith (11/21). As a strong supporter of equal rights for gay people, it would help the cause of equality if you could be more informing in your statements. Your letter uses the phrase civil unions that give gay couples the same legal rights as heterosexual couples. Californias domestic partnerships may be near equal, but they are not the same. Importantly, gay couples, in civil unions or even in state-sanctioned marriages,... (Sonoma Index-Tribune, CA)
Thanks to vets, hope for Obama, and a dart for California's politicians Nov 25, 2008
Hearing that Uncle Sam is bailing out those who got in too deep is so inspiring. Not only is our government teaching this generation that fiscal responsibility is only for those who follow through on paying their bills, but with the automakers now also at the back door, I can't wait to hear who else is going to be allowed to stick it to the taxpayer. (Lodi News Sentinel, CA)
Uncle Sam's 2-step Nov 25, 2008
UNCLE SAM'S 2-STEP - New York Post ... Uncle Sam helped buoy stocks for a second day, sending the Dow Jones industrial average up nearly 400 points by calming jittery investors with a steady diet of rescue news. (New York Post -- Business)
Thanks, America Nov 24, 2008
The unimaginably affluent Uncle Sam is hardly barefoot, recession or not. Our resilience and resourcefulness that made the last boom will make the next one. (Townhall.com)
Error and trial Nov 24, 2008
While they are at the top of the food chain, they goof off, are not on top of their game, and when it fails, they go begging to Uncle Sam. We should not put those losers on television and look at them as heroes, but hold them accountable for all their failures. (NJ.com -- Times)
Parade of Lights hits the streets Friday Nov 24, 2008
The parade lines up at 6 p.m. in the Catskill High School parking lot on W. Main St. and kicks off at 7 p.m. The route will head south on W. Main St., then east on W. Bridge St. over the Uncle Sam Bridge, north onto Main St., and around the bend to Water St. The parade will then roll into the Greene County parking lot on Church St. for a tree lighting and awards ceremony. A 25-foot evergreen will be lit in the corner of the lot, with parking spaces donated by the Bank of Greene County and hot... (Catskill Daily Mail, NY)
The Real McCoys Nov 23, 2008
"He was spotted in more places than anyone could physically be. He was a legend. He was a rock star. He was Robin Hood, the ultimate rags-to-riches story, all the time poking a stick in the eye of Uncle Sam.". "Six feet two, with shoulders like a cargo hatch, slim waist, a voice like a foghorn, lean tanned face and steady eyes," is how Bill's biographer, Frederick Van de Water described him in the late 1920s. (Daytona Beach News Journal)
My bailout: no carpets and no jets Nov 23, 2008
Since everybody's asking for direct help from Uncle Sam these days, it's time to get in line. Newspaper revenues are down, and our industry needs capital to innovate and thrive. (Albany Times Union)
Geithner's Treasury Nov 23, 2008
In recent weeks, a scrum of ailing companies, including General Motors (nyse: - - ), Ford Motor (nyse: - - ) and Chrysler, have descended upon Washington to ask Uncle Sam for money. Some believe that Citigroup (nyse: - - ) and JPMorgan Chase (nyse: - - ), which have already received the Treasury's help, will have to return for more. (Forbes -- Business)
Don't Call A Tow Nov 23, 2008
Uncle Sam could also help persuade banks currently receiving federal aid to assist with providing cash during the companies' restructuring. With too much capacity and not enough demand, the industry has to downsize as it can not support its current workforce. (New York Post -- Business)
Our view: Dropouts Nov 22, 2008
General Motors or Ford going hat in hand to Uncle Sam, whipped to a fare-thee-well by outfits called Honda and Toyota. Predict that in July 1969 at the Ohio Rubber Company in Willoughby, and the old hands would have figured you for one of those college boys on hallucinogens. (Anchorage Daily News)
Should the government bail out automakers, too? Nov 22, 2008
Sure, part of me would rather see them go bankrupt than hit up Uncle Sam for a loan, but the likelihood of the Big Three rising from those ashes is slim. Meanwhile, the government that would be you and me will wind up with retirees pension and health care obligations anyway. (Atlanta Journal-Constitution -- Opinion)
Our Opinion: An escalating problem Nov 22, 2008
Scrooge wrote on Nov 21, 2008 1:52 PM:" I told you once before about the pot-puffin' hippies putting the ugly on town and then going down to pick up a food box. If you don't like your local scene, you can always check out http://www.charitynavigator.org/ to find another way to give it away. I know, the salaries listed there in 6 figures are discouraging but Uncle Sam wouldn't do any worse if the IRS takes it from you. ". TERMS OF USE. (Ontario Argus Observer, OR)
COLUMN: 'Food security' term sits sourly on an empty tummy Nov 21, 2008
Uncle Sam did, by the way, rewrite its definitions a couple of years ago, the AP reported, and this same group was categorized as having food insecurity with hunger. Let s think of these stats with real humanity, shall we, instead of cold numbers and buried-in-the-dictionary terms. (Mattoon Journal-Gazette, IL)
Samsung starts mass production of 256GB solid state disk drives Nov 21, 2008
November 20, 2008 4:55 PM PST. Samsung starts mass production of 256GB SSDs. (CNET News)
Halfmoon Christmas parade this Saturday Nov 21, 2008
Musical accompaniment for the parade participants will be provided by the Uncle Sam Chorus and Bobby Dick and the Sundowners ... The Uncle Sam Chorus has been a fixture in the parade since its inception. (Community News Weekly, NY)
Rescue automakers, not unions Nov 21, 2008
Don't be taken in, either, by talk that Uncle Sam made a profit on the taxpayer rescue of Chrysler in the 1970s. True, but labor underwent some very painful restructuring then that the UAW has shown no appetite for this time around. (The Augusta Chronicle)
Our View: When bankers go on welfare Nov 21, 2008
They're not, and we can thank Uncle Sam. It's no mystery why the lending industry won't lend: Bankers have gone on welfare. (Appeal Democrat, CA)
On your mind Nov 21, 2008
After receiving a financial transfusion from our Uncle Sam with the tax dollars from we the people who are just ordinary people like house painters, automobile mechanics, farm workers and perhaps military members of our Department of Defense, the executives of AIG had a corporate meeting. The meeting was not held in the corporate building on Wall Street. (Sierra Vista Herald, AZ)
Black-on-black cringe: the envelopes, please Nov 21, 2008
Crushed by another close election loss for president, Mr. Nader said of Mr. Obama: "His choice, basically, is whether he's going to be Uncle Sam for the people of this country or Uncle Tom for the giant corporations." Does that make Ralph Nader the Bull Connor of the Progressive Left. Evil Incarnate Terrorist Dude Who Wishes He Had a Few Black Friends. (Pittsburgh Post-Gazette, PA)
Barbarians of Yore Perish in Bonfire of Inanities: John Helyar Nov 21, 2008
Uncle Sam would pay each of the assembled banks as much as $25 billion for a new class of preferred stock -- and impose some onerous terms, like capping executive pay. Just sign the term sheet, Paulson said; this wasn't negotiable. (Bloomberg -- Columnists)
Mass Production Vs. McMansions Nov 21, 2008
Not only are these low-end homes more in keeping with the spirit of the times than mutant McMansions, they look much better than the double-wides of yore and subsidy-happy Uncle Sam is about to include them under the aegis of its favored lending programs. Article Controls. (Forbes -- Business)
The Herald Times' View: Bailing out the Big 3? Nov 21, 2008
l" is paved with good intentions. It certainly was a good intention to keep the banking system afloat, but the reality after the intervention was quite different from what the Congress thought would occur. The same is likely to occur if any bailout is approved for the automakers. Taxpayers would be guaranteeing Senior level secured debt held by (not get this) large banking institutions. In essence this would simply be another extension of the original bank bailout bill passed in September. All... (Gaylord Herald Times, MI)
St. Josephs marks Veterans Day Nov 20, 2008
Inside goody bags patriotically colored by the schoolchildren, the veterans found little gifts such as flag pins, Uncle Sam rubber duckies and red-white-and-blue pencils. During the celebration, students sang patriotic songs, each child waving an American flag. (Florida Today)
Retirement Savings: Pay Lower Taxes Now Nov 20, 2008
Then when the money is withdrawn in retirement, account owners pay what's due to Uncle Sam in the form of ordinary income tax. The plans that fall into this category include traditional IRAs, 401(k) and 403(b) accounts and other workplace retirement savings accounts. (ABC News -- Business)
Wanted: Safe US city with 20,000 hotel rooms Nov 20, 2008
If so, and especially if you have ties to Asia, Uncle Sam wants you. The State Department is seeking a venue for a massive, nine-day conference of Pacific Rim leaders, dignitaries and business executives to be held in 2011. (Yahoo News)
Slowing the flow of guns Nov 20, 2008
Dobie wrote on Nov 11, 2008 12:44 PM:" A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed. Could be interpreted to mean only the militia, such as the National Guard.But what the heck, maybe with the socialist state that is coming Uncle Sam will make sure everybody will get one whether they want one or not. ". Lori wrote on Nov 11, 2008 11:51 AM:" It is very disturbing to me that a reasonably... (Munster Times, IN)
Inflation or deflation? Nov 19, 2008
That's why the entire US banking system has been forced to turn to Uncle Sam for succor; it is also why that system is now entirely unable to carry on as if nothing had gone wrong as the Japanese banking system did in 1991-98. Thus with a banking system forced into realism and interest rates that are sharply negative in real terms, deflation seems an unlikely possibility, in spite of Treasury Secretary Hank Paulson's determination to invest every spare nickel in the economy into its most... (Asia Times Online)
WITHOUT TRUST Nov 19, 2008
" If that's a laugh line to you, you're not alone: Only 17 percent of Americans have faith in Uncle Sam, the lowest level in recorded history. Which will be a big problem for when he takes office in January. How much can the government change, when the public doesn't trust the government? In a study released yesterday by the centrist think tank Third Way, scholars Elaine Kamarck and William Galston confront the issue. Both had front-row seats to how the trust issue can make it near-impossible to... (New York Post -- Opinions)
CUBAN'S RESPONSE: Posted on his blog Nov 18, 2008
you may beat david stern but you will not beat uncle sam and the united states gov. and you know it. all you will be is a felon and nerd who could never hack it as an athlete. (USA Today -- Sports)
Federal government takes stake in SunTrust Nov 18, 2008
5 billion worth of preferred stock to Uncle Sam. The previously announced deal closed Friday. (Atlanta Journal-Constitution)
Update: Marysville man jailed in daughter's shooting death Nov 18, 2008
msc wrote on Nov 17, 2008 12:57 PM:" Amazed, I won't even argue with you about the government being the only ones with guns because it is a pointless battle. On the other hand, you say criminals being the only ones with guns is a joke and nothing to worry about. The country as a whole might be ok because we still have military backing, but look at the smaller picture. Individual lives would be at stake. Picture this: a thief breaks into my house. I don't have a gun because uncle sam raped... (Longview Daily News, WA)
Programs help with tuition in exchange for public service Nov 18, 2008
Recruiting students for Uncle Sam. Undergraduates at 15 colleges are for the first time this fall receiving stipends to discuss their federal internship experiences and recruit classmates to work for the federal government. (USA Today)
Leave him a loan or, better, a debit card Nov 18, 2008
A debt card, with a number and your name on it, and Abe s face on it or, if he really is conceited, we can put Barak s face on it and in times of crises, Uncle Sam can put money on your card ... If the industries did not want government intervention, and their businesses were doing fine, like the software industry, they could tell Uncle Sam to pound sand, giving those afraid of socialism confidence that capitalism is still alive and well. (Beverly Citizen, MA)
Ben Stein Votes "Yes" On Big Three Bailout Nov 17, 2008
Mr. Bush, egged on by his own Dr. Evil, Henry Paulson, Secretary of the Treasury, is saying that Uncle Sam will not agree to a bailout. And in a way, I sympathize with President Bush and Secretary Paulson. (CBS News)
NM Mortgage Finance Authority role expands Nov 17, 2008
Uncle Sam s Section 8 funding through the U.S. Housing and Urban Development Department contracted with landlords to keep their units affordable. When the contracts expire, these property owners could try to seek higher rents in the market rate arena. (New Mexico Business Weekly, NM)
The pace of change Nov 17, 2008
And now, years after missed opportunities, they too are looking to Uncle Sam for a bailout. As this "killing the goose" to get the golden eggs corporate philosophy started to infiltrate other American industries, many companies shifted their focus from employees to management. (NJ.com -- Times)
HANK'S HANKERING Nov 17, 2008
Grabbing the company from government control by convincing Uncle Sam to cut its current 79. 9 percent stake to about 40 percent by converting up to half of its equity stake into non-voting, preferred shares. (New York Post -- Business)
Bond buyers to play key role in Obama success Nov 16, 2008
In any case, the upshot is that Uncle Sam will need investors worldwide standing ready to buy the coming deluge of IOUs. With the U.S. public debt already at a record $10. (Fresno Bee -- Business)
Huckaby: Other things that could use a bailout, too Nov 16, 2008
We fought a Revolution over such back in 1776 and our Uncle Sam is far greedier than John Bull ever thought of being in the 18th century. The government has propped up AIG and those folks continue to spend millions on weekend flings for their investors and executives. (Athens Banner-Herald)
SCRIPPS HOWARD NEWS SERVICE OPED BUDGET Nov 16, 2008
14ECHANDOUT (Charlie Daniel, Knoxville News-Sentinel) -- The Detroit automakers and Uncle Sam vie to be first for a handout. SCRIPPS HOWARD NEWS SERVICE Scripps Media Center 1090 Vermont Ave. N.W. Suite 1000 Washington, D.C. USA 20005 GENERAL LINE: 1. (Scripps Howard News Wire)
The Week's Winners And Losers Nov 16, 2008
Critics say GM boss in danger while seeking share of 25B loan from Uncle Sam to keep company afloat. HENRY KRAVIS. (New York Post -- Business)
Frank DefordVIEWPOINT Nov 15, 2008
Starting with sending our baseball has-beens to Japan and our never-wases to the Canadian Football League, we were making Uncle Sam look heroic on foreign fields, while giving up nothing of value. Then it got even better and became a terrific favorable rate of exchange when the best foreign athletes started coming over here. (SportsIllustrated.CNN -- More)
Georgia banks struggle amid credit crunch Nov 15, 2008
5 billion from the government s economic stabilization program, which requires banks to pay 5 percent returns to Uncle Sam for the first five years. We are acutely aware of the importance of lending to economic growth in our markets, and we are committed to doing our part, SunTrust spokesman Barry Koling said. (Atlanta Journal-Constitution)
Treasury to buy stock in Columbus' Synovus Nov 15, 2008
Synovus has become the second Georgia bank to announce that it will receive an infusion of cash from Uncle Sam. The Columbus, Ga. (Atlanta Journal-Constitution)
Motley Fool: Why the bailout is, quite frankly, stupid Nov 15, 2008
The long downward spiral Detroit's hemorrhaging, you see, isn't caused by a one-off event that will be contained with a blank check from Uncle Sam. It's driven by factors that have been brewing for decades. (MSNBC -- Business)
U.S. Auto Industry Needs an Emergency Bankruptcy Nov 15, 2008
In this case, Uncle Sam dictates the terms. The pain of the years of failure at GM, Ford and Chrysler will have to be shared by all. (Bloomberg -- Columnists)
Remembering the Past While Celebrating the Present Nov 15, 2008
It continues with a bitter indictment of the lynchings that plagued the South after the Civil War (Billie Holiday's Strange Fruit) and an equally bitter indictment of the treatment of African Americans in the armed forces during World War II (Josh White's Uncle Sam Says). No Restricted Signs and Black, Brown and White protested the segregation that greeted returning servicemen. (Yahoo! Wire -- Entertainment News)
Detroit Firm Leaders Don't Fear Being Driven off the Road Nov 14, 2008
Top Stories From Law. The U.S. auto industry is by nearly all measures in dire straits. (Law.com)
Longer T-Bonds Lack Appeal Nov 14, 2008
Uncle Sam is having a tougher time selling its long-term paper as investor fears of the future grow. On Thursday, the U.S. Treasury s $10. (Forbes -- Markets)
* Johnny Neihu's News Watch: Nov 14, 2008
Its comforting to know that our long-time best pal Uncle Sam is as concerned about us as we are about him. Why, just last week our man in Washington, Jason Yuan (K), was busy delivering a handwritten message from President Ma Ying-jeou (^E) to one of Barack Obamas chief advisers that eagerly congratulated the president-elect on his victory and the US democratic process. (Taipei Times, Taiwan -- Business)
Input sought on $40 million rehab project Nov 14, 2008
Phoenix residents on the brink of losing their home won't be rescued with the nearly $40 million Uncle Sam gave the city to deal with the foreclosure crisis. The federal government awarded Phoenix the money in September based on the high number of foreclosed homes, subprime mortgages and mortgage delinquencies in the city. (AZCentral -- News)
David Brooks: Bailout to nowhere Nov 14, 2008
If this goes through, Big Three executives will make decisions knowing that whatever happens, Uncle Sam will bail them out - just like Fannie Mae and Freddie Mac. In the meantime, capital that could have gone to successful companies and programs will be directed toward companies with a history of using it badly. (International Herald Tribune -- Ed/Op)
Push Is On To Aid Big 3, But To What End? Nov 14, 2008
With Uncle Sam already on the hook for hundreds of billions of bailout dollars, another $25 billion to $50 billion to save Detroit might look cheap. But some worry the domestic carmakers are no longer viable and help now will only temporarily stop the bleeding. (Investors Business Daily)
Navy makes logistics of moving smoother Nov 14, 2008
Here are some of the tips based on what Uncle Sam recommends for members of the Navy who are moving. Three months before: Notify landlord if renting property or take action to rent or sell home. (Florida Times-Union)
WANT SOME GOVERNMENT MONEY? APPLY NOW! Nov 13, 2008
It now adds up to about $5 Trillion in obligations for Uncle Sam. There is going to be only one way out of this for the government. (The Drudge Report)
