"Court Will Not Revive Spam Law" is from the March 31, 2009 edition of the Express. The VA Supreme Court overturned a law banning unsolicited bulk email, known to us as spam. Spamming days are here again! However, all it not lost. VA's attorney general is working on a new anti-spam law and the most prolific spammer to be convicted, Jeremy Jaynes, is serving time for securities fraud. So until someone takes over as Spam King, we'll be safe for now. Kinda.
Tuesday, March 31, 2009
Monday, March 30, 2009
"New Tobacco Tax Packs a Punch" is from the March 30, 2009 edition of the Express. I'm not a smoker and I'm kind of thankful that smoking is now banned in most of the restaurants and clubs in the D.C. area. At the same time, it feels a bit wrong to legislate lifestyles. The new law would raise the cigarette tax from 39 cents to $1.01.
Friday, March 27, 2009
"Obama's Event Nothing But Net" is from the March 27, 2009 edition of the Express. Unlike our previous administration that seemed to be allergic to technology, the Obama administration fully embraces the information age hosting the first ever online townhall meeting from the White House. Wouldn't be at all surprised to see a White House app in the iPhone store sometime soon.
Thursday, March 26, 2009
Thanks to Amir Husak and Prem Sooriyakumar for including Headline DS in their gallery.
"Stimulus Called 'Road to Hell'" is from the March 26, 2009 edition of the Express. The President of the EU said that the Obama administration's plan to spend $2T dollars to stimulate our economy is the "road to Hell." Cue some AC/DC music!
Tuesday, March 24, 2009
Monday, March 23, 2009
Friday, March 20, 2009
AIG week ends here at Headline DS with "Big Bonus Tax Ok'd by House" from the March 20, 2009 edition of the Express. The House passed a bill yesterday that would levy a 90% tax on bonuses paid out to workers who earn more than $250,000 in annual income and who work in companies that received more than $5 billion in bail out money. A similar bill goes up for vote in the Senate.
This sounds a bit crazy. Certainly the measure reflects public outrage against AIG. But this sets up a dangerous precedent for singling out companies just because we don't like them. Congress should be a little more cautious than to respond directly to mob outrage. Setting up an additional tax structure like this could create more future problems than it solves. At this point, it'd probably be easier to let AIG fail.
Thursday, March 19, 2009
AIG week continues here at Headline DS with "AIG CEO: Bonuses Returned," a headline from the March 19, 2009 edition of the Express. AIG CEO Edward Liddy requested that any AIG employee who received $100,000 or more in bonuses to return at least half that money. According to Liddy, who came out of retirement to help clean up AIG's mess receiving $1 annually in compensation, many have given back their entire bonus. I have to say, I'm surprised and impressed. Shouldn't have happened in the first place, but I'm impressed they're giving the money back. I guess they're not all evil on purpose.
Wednesday, March 18, 2009
I figured it was going to be an AIG week and the headlines do not disappoint. "Dems Say Give Back Bonuses" is from the March 18, 2009 edition of the Express. Congress is asking AIG execs to voluntarily give back the $165M in bonuses they paid out last Friday. According to the NY attorney general, 73% of AIG employees received at least 1 million dollars in bonus checks last Friday. Congressional Democrats are threatening to tax the crap out of them if they don't give up the bonuses themselves. Gee, who'd have thunk that AIG would act irresponsibly with billions of dollars of bail out money. Oh, how about anyone with a freaking brain! No good could have come with handing these idiots a sack of free cash! Distributed by
Tuesday, March 17, 2009
"Obama Slams AIG 'Outrage'" is from the March 17, 2009 Editon of the Express. Obama has ordered Treasury Secretary Geitner to figure out a legal means to prevent AIG from handing out $165M in bonuses giving me a chance to draw Obama dropping the "People's Elbow" on AIG fat cats. This is what I don't understand. If the federal government now owns a 80% stake in the company, why can't it just tell AIG to stop screwing around? Ah well. I have a feeling it's going to be an AIG week here at Headline DS.
Monday, March 16, 2009
"AIG to Pay $165M in Bonuses" is from the the March 16, 2009 edition of the Express. It's upsetting to say the least to know that tax payer money is going to pay the bonuses of these execs who are responsible for getting us into this mess in the first place. Shouldn't they be fired rather than rewarded? I guess I don't understand the intricacies of the banking world, but it seems backwards to get bonuses for utterly failing.
Friday, March 13, 2009
"Iraqi Court Convicts Shoe-Thrower" is from the March 13, 2009 edition of the Express. I just couldn't resist the Rorschach quote. It's little surprise that an Iraqi court convicted the reporter who threw his shoes at President Bush (and totally missed!). He gets the minimum sentence of 3 years in jail which should probably be the easiest time he'll ever serve in light of the fact that most of the inmates probably consider him something of a national hero.
Thursday, March 12, 2009
Thanks to Aaron over at Blip.tv, Headline DS is now a part of Blip's channel on Boxee! All you have to do is grab Boxee for what ever OS you're running and you'll get Headline DS streamed directly to your brain meats!
Thanks again, Aaron, for the hookup. And check us out on Boxee!
"Spending Earmarks Approved" is from the Express for March 12, 2009. Oh man, poor Obama. He spent a lot of time on the campaign talking about changing Washington and specifically doing away with wasteful earmarks. And yet he has to pass a spending bill that's all earmarked to the gills. He says this bill marks the last of business as usual so I'm hoping for the best.