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Member since: Tue Feb 10, 2004, 01:08 PM
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Is HAARP making the skies snore above Malaysia?

TIN foil hat? Check.

You're ready to face the first big conspiracy theory of 2012.

Just last week, citizens in the Malaysian city of Kota Samarahan reported they were kept awake two nights running because the sky was ... snoring?
“It was around 2am when I was awoken by a strange sound," teacher Mohd Ferdauz Jemain told The Borneo Post.

"It was a loud hushing sound, and quite similar to someone snoring.
“I immediately got out of bed and went outside of my house to see what was happening. The feeling was a chilling one … it was as if something coming from the sky."

Read more: http://www.news.com.au/technology/sci-tech/is-haarp-making-the-skies-snore-above-malaysia-or-is-is-jay-man/story-fn5fsgyc-1226252382901#ixzz1ktlLkZ00


(I thought that they were supposed to be moonbats, not wingnuts)

Tax relief on mortgage debt forgiveness ends in 2013

By Lew Sichelman
January 29, 2012
Reporting From Washington— The window is closing rapidly on one of the most important tax-relief provisions enacted by Congress during the housing crisis to help financially strapped homeowners.

Although the 2007 law that allows taxpayers to exclude from income the amount of debt that is forgiven or canceled by their lenders doesn't expire until Dec. 31, it's likely to take every bit of the next 11 months for financially troubled homeowners to persuade their banks to either foreclose or allow their houses to be sold for less than they are worth.

Although owners who are struggling to hold on to their homes shouldn't throw in the towel solely because of the pending tax bite, it is certainly something to consider.

Under the tax code, borrowed money need not be reported as income because you have an obligation to repay. But if the lender subsequently cancels what you owe, the IRS requires that you report that debt as income because the duty to repay it no longer exists.

So, if you owe $250,000 and your lender forgives $50,000 of that debt in a $200,000 refinancing, that $50,000 is considered income. If your combined federal and state marginal tax rate is 36%, you would owe $18,000 in taxes.



New reactors on verge of final OK

By Kristi E. Swartz

The Atlanta Journal-Constitution

Federal regulators are expected to sign off in the next few weeks on the United States’ first new nuclear power reactors in three decades, a $14 billion project near Augusta.

But the move by Atlanta-based Southern Co. and its Georgia Power subsidiary to build two new reactors at Plant Vogtle, in Burke County, may not have happened without financial cushions provided by consumers and taxpayers.

One cushion comes from the federal government, which is promoting U.S. energy independence as well as cleaner options. Taxpayers are guaranteeing more than $8 billion in loans for the Vogtle project.

The other cushion comes from the 2.4 million Georgia Power customers. Unlike the nuclear construction boom in the 1970s when reactors were built and then consumers paid for them, Georgia Power customers are already footing the bill for the Vogtle project — even though it hasn’t received final approval yet.

Both developments transfer financial risk away from Southern Co. and its shareholders and toward consumers and taxpayers. If there are cost overruns — as there were when Vogtle was originally built — customers will largely be on the hook.


Non Sequitur Toon- Same New Year's Resolution

Sunday's Doonesbury - "What would Newt Do?"

Tony Auth- The Republican Establishment

Toon: Guess Who Wins

Beautiful time lapse

The City Lights:

Enjoy. The site is a bit slow but it's worth the wait.

Your beautiful eyes

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