Word: pork
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Disaster Strikes, Pork Sizzles...
...Minneapolis highway bridge that killed 13 people in August, critics lashed out at the lack of federal spending on basic infrastructure maintenance. Remarkably, Congress nonetheless plans to earmark more than $2 billion in the transportation-appropriations bill for frivolous home-district projects. Here's a plate of pork projects from the bill's House and Senate versions that won't make our roads any safer...
WINE WITH YOUR PORK? Washington Representative Doc Hastings (R) earmarked $250,000 for the Walter Clore Wine and Culinary Center, which promotes the state's wine industry...
...fact, you should probably just log onto Facebook right now and download one embarrassing photo of everyone in your class, because at least eight of them will make a run for president at some point. And when they do, guess whose farm will be subsidized on that next congressional pork bill! Many of you will be busy this week trying to procure alcohol, but you don’t have to be 25 like McLovin to get yourself on the fast train to Drunk-town. In fact, tickets to D-town are readily available if you know where to look...
...second largest. As he had predicted, mutual funds became an ever bigger force--they and other institutional investors now own more than 70% of U.S. stocks, up from about 10% when Bogle wrote his thesis. Professionals managing other people's money dominate almost every financial market, from bonds to pork-belly futures to collateralized debt obligations...