FWD Post

Reporting the news since 1959

Thursday, October 21, 2010

Bill Gates investments are not just in Microsoft


Cascade Investment LLC is a private investment and holding company
The company describes itself as a diversified investment company. Its investments include more than half the Bill Gates fortune:

AutoNation
Berkshire Hathaway
Canadian National Railway
Carpetright
Dante Giovanni Corporation
Coca Cola Femsa SAB de CV - 20% stake
Cox Communications
FEMSA (Mexican brewer)
Four Seasons Hotels and Resorts - 42.5 percent
ICOS
Newport News Shipbuilding
Otter Tail Power Company
Pan American Silver Corporation
Republic Services, Inc
Sapphire Energy
Schnitzer Steel Industries
Scient
Televisa
Wisconsin Central Transportation

Nowonder Gates favors unlimited immigration and visas, changes in law that would benefit his financial interests.

Labels: , , , , ,

Donny Deutsch says working another two years would "be good for them!"


MSNBC's Morning Joe show had Dick Durbin waffling about Social Security cuts this morning, mumbling about a balance of cuts and tax increases. Durbin is the Dem clown who had opposed Elizabeth Warren's involvement with the upcoming consumer protection agency to protect us from the banks.

In the oddest comment of the program Durbin praised Republican deficit commission co-chair Alan Simpson, the arrogant moron who called the average American one of the "lesser people."

After this depressing conversation Donny Deutsch commented that raising the age of retirement to 70 was okay for most workers. "it would be good for them," he said.

Deutsch, who inherited his wealth from daddy, is renovating a $21 million townhouse at 6 E. 78th Street, NYC, that he purchased in 2006, and he has also bought a 3.3-acre estate on East Hampton's Further Lane for $29 million.

This is just the guy to tell working people to be wage slaves until they can hardly walk.

Labels: , , ,

Wednesday, October 20, 2010

Paris is burning!


Paris is burning and a Democrat on President Obama’s deficit commission predicted recently that the bipartisan panel would come up with recommendations to "shore up" (destroy) Social Security. “The stars are aligned,’’ said Alice Rivlin, a former budget director under President Clinton and now a senior fellow at the Brookings Institution.

“I do expect that some long-run changes in Social Security, both on the benefit side and on the revenue side, are likely to be part of a package,” she continued, speaking at a forum hosted by AARP, the self-proclaimed lobbying group for senior citizens, which has strong ties to the insurance industry through United Healthcare and supported to Medicare Part D fiasco that benefited drug companies and banned negotiating with them for the best price.

“This is a convenient moment to do this. The only better time to fix Social Security than this year is last year or the year before,” she said from her perch.

Once again, another Clinton Third Way, DLC, New Democrat Coalition leftover is trying to destroy the middle class.

One look at this lady is enough to convince you that she is scary. Perhaps, nature didn't deal her the best hand in the looks department, but that doesn't mean the rest of us have to suffer with reduction of an average retirement of about $1,000 a month.

Rivlin attended Bryn Mawr College and Radcliffe, is the daughter of a famous physicist, and she served as vice chairman of the Federal Reserve. She is currently on the board of directors of NYSE Euronext, corporate parent of the New York Stock Exchange and Euronext.

This is not a person who can identify with the average American.

Labels: , , , , ,

Tuesday, October 19, 2010

Poor Judd Gregg whines on CNBC


Cut Social Security and Medicare and Medicaid - it's the same old mantra from Sen. Juddd Gregg this morning on CNBC as he complains that the "debt crisis" means Americans will have to lower their standard of living.

Poor Judd was born rich, went to a private boarding school (pix on left of their library), actually the same rich boy haven attended by Sen. Kent Contrad and former Obama appointee Peter Orzag.

Both Conrad and Gregg are on the Obummer commission to solve the deficit problem. Of course, they continue to intentionally ignore the fact that Social Security is self-funded by worker contributions, but they want to change it so that Wall Street can administer and get commissions on your pension (and lose your money on bad investments.)

Gregg refuses to balance the budget by returning to tax rates of the past for the rich, and even wants more cuts for his boarding school elite grads. He also won't cut war spending, just chop down that middle class so they can't afford to send their smelly kids to the schools where the "better class" attends.

Labels: , , , , ,

Monday, October 18, 2010

"Flights to France Threatened" - MSNBC


That's the headline on MSNBC.com this morning, and the accompanying story doesn't mention the 2 to 3 million protestors over plans to cut their national Social Security by raising the minimum retirement age, which would cut benefits about 20%.
The big news for the corporate media is that flights for vacationing elite might be threatened. We don't want our millionaires an hour late to their cocktail party on the Riviera.
The French government reportedly has named Alan Simpson an honorary member of the Order of Let Them Eat Cake for his evil efforts on this side of the pond to destroy the lives of millions of American pensioners. Picture is from an oil refinery blockade.

Labels: , , , ,

Sunday, October 17, 2010

MSNBC finally found France


In a news report early this morning, MSNBC noticed that some 3.5 million residents of France were demonstrating in the streets against raising the retirement age from 60 to 62. In the U.S. the current age is 66 with a law change leading to 67.
There was no mention of the strike affecting the supplies of airline fuel, a huge number of schools closed, or how supplies of goods and services are being affected.
MSNBC doesn't want to report too much. It might seem that raising the retirement age for working people is an important issue and might infect the ideas of otherwise sedated Americans, including our children and grandchildren who may see their Social Security cut by Obummer's deficit commission under Alan Simpson.
MSNBC owner, General Electric, this past week reported an increase in net profits of 29%, proving that not eneveryone is suffering in a depression.

Labels: , , ,