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Archive for January 29th, 2011
Where’s the Border Fence? – Center for Individual Freedom
Saturday, January 29th, 2011Op-ed, National Center for Public Policy Research – Obama Won’t Create Jobs or Innovation by Hiring Progressive CEO Jeff Immelt
Saturday, January 29th, 2011Obama Won’t Create Jobs or Innovation by Hiring Progressive CEO Jeff Immelt
Washington, D.C. – President Barack Obama’s appointment of General Electric CEO Jeff Immelt to lead the White House’s new “President’s Council on Jobs and Competitiveness” does not signal a serious attitude toward thoughtful and open discussion on ways to jumpstart the stalled American economy. (more…)
Fitch Downgrades Overland Park Development Corp., KS to ‘BB’
Saturday, January 29th, 2011–The downgrade to ‘BB’ from ‘BBB+’ reflects the inadequacy of citywide hotel tax revenues to fully support debt service.
–Fitch gives little weight in its rating to the pledge of net operating revenue from a single site convention center hotel. As such, the lack of sufficient coverage from the citywide hotel tax precludes an investment grade rating.
–Hotel tax revenues plus net operating revenues covered 2010 debt service roughly 1.0 time.
–There is a fully cash funded debt service reserve.
–Non-appropriation risk of hotel tax revenues is low given the adverse rating impact such action would have on the city of Overland Park’s (the city) current ‘AAA’ general obligation bond rating.
–Fitch believes the city’s deep and diverse economy supports sustainable long-term hotel demand despite recent weaknesses.
KEY RATING DRIVERS:
–Recovery and growth of the hotel tax in proportion to escalating debt service.
–The rate of depletion of the debt service reserve if both pledged revenue sources continue performing below initial projections.
Kimberly Strassel, WSJ – Cap and Trade Returns From the Grave
Saturday, January 29th, 2011Maggie Gallagher – Is Abortion Good for Girls?
Saturday, January 29th, 2011Mark Goldblatt, National Review – Wondering who’s going to be the first New York Times columnist or MSNBC commentator to blame the chaos in Egypt on Sarah Palin
Saturday, January 29th, 2011Video, Chris Cillizza – Who is Jay Carney, new White House press secretary
Saturday, January 29th, 2011Aaron Blake, Washington Post – The GOP’s quiet evolution on gay rights
Saturday, January 29th, 2011Jim Geraghty – reports that U.S. Ambassador to China and former Utah Gov. Jon Huntsman, a Republican, is leaning toward a run for president in 2012
Saturday, January 29th, 2011Peter Wehner on Egypt – Vindication for Bush’s Freedom Agenda
Saturday, January 29th, 2011Powerline – Ronald Reagan at 100
Saturday, January 29th, 2011Marco Rubio’s chief of staff – a former aide to Dick Cheney, Mitt Romney
Saturday, January 29th, 2011Republican Paul Broun stands by tweet accusing Obama of socialism
Saturday, January 29th, 2011Pentagon: ‘Don’t ask’ may end soon
Saturday, January 29th, 2011Video, Sen. Rob Portman (R-OH) is unsure if Washington gets it
Saturday, January 29th, 2011US District Court judge, Colorado Amazon tax unconstitutional on Commerce Clause grounds
Saturday, January 29th, 2011Senate Tea Party Caucus Meets – Washington Post Mocks
Saturday, January 29th, 2011Video, Laura Ingraham: Meghan McCain Is A “Poor Man’s Ron Reagan”
Saturday, January 29th, 2011Melissa Maynard, Stateline – Governors, unions brace for battle
Saturday, January 29th, 2011In Wisconsin, the lame duck Democrat-controlled legislature and governor tried to ram through a set of more generous union contracts before ceding control of both chambers and the governorship to Republicans who, in many cases, campaigned on cutting state workers’ pay and benefits. The contracts failed after Senate Majority Leader Russ Decker broke ranks with his own party. “Now that the voters of Wisconsin have spoken, I do not feel comfortable casting a vote in favor of these contracts,” he said at the time. Governor Scott Walker has since angered unions with talk of everything from taking away some bargaining rights found in the state’s labor laws to privatizing the state Department of Commerce.
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