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Thursday, August 26, 2010

Pension bombs might be the next bubble to break the market - http://ow.ly/2uhhF

Pension bombs might be the next bubble to break the market - http://ow.ly/2uhhF


Tick, Tick, Tick - IBD - Investors.com
Pension Bombs: The Securities and Exchange Commission has sued (and settled with) New Jersey for municipal bond fraud stemming from underfunded






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That Stimulating Stimulus Paid for Homemade Porno?

-By Warner Todd Huston


Well if this isn't a fitting addition to the story of the stimulus what is? The University of Notre Dame in Indiana recently fired an electrical engineering professor over allegations that the prof used $190,000 in federal grant money and matching university funds to buy cameras and other equipment to make homemade porno.

Like a true hair-splitting academic, professor Oliver M. Collins is fighting his firing claiming that the university has no proof that he was the one that made the pornographic images that the university found stored on his university-owned computer. That's right, he is clueless on how all those porn images got on his computer. Just clueless! And all those cameras he bought with the school's money? Um… well… he's going to take up bird watching… maybe?

Collins has filed a lawsuit claiming that the university owes him more than $75,000 in damages. But Collins was later heard telling university officials, "Hey, nice economic package you have there." But I jest.

It appears that there's been a lot of screwing around with our federal tax dollars these days, folks. Perhaps prof Collins just took it one step farther along… allegedly.

(Button art courtesy of Libertymaniacs)







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