Yahoo Newsreports a plan to divide California into six separate US states is closer to making it on to a November ballot, with organizers gaining approval to collect signatures.

The seemingly far-fetched initiative, sponsored by Silicon Valley venture capitalist Tim Draper, claims "political representation of California's diverse population and economies has rendered the state nearly ungovernable."

And on Tuesday, the California Secretary of State's office gave the movement a boost, saying that proponents "may begin collecting petition signatures."

At least 807,615 voters -- representing eight percent of the total ballots cast for governor in the 2010 election -- will need to sign the petition by July 18 to make it on to the ballot.

The proposal aims to split the state -- America's most populous with around 38 million inhabitants -- into "six smaller state governments, while preserving the historical boundaries of the various counties, cities and towns."

In 2012, California was tied with Russia and Italy -- all with a GDP of approximately $2.0 trillion -- for eighth place in world GDP rankings, according to the Center for Continuing Study of the California Economy.

The proposal would create a state out of Silicon Valley, home to tech giants Google, Facebook and Apple. It would also create South California, which would include Hollywood and the US entertainment industry.

West California, Central California, North California, and Jefferson in the most northern part of the state, would also go it alone.

More here

Authorities in the state of Guerrero in Mexico are investigating the massacre of more than 20 Linda Vista inhabitants, including men, women, elderly and children among the dead.

The Spokesman Review reports the Arizona Legislature gave final approval Thursday evening to legislation that allows business owners asserting their religious beliefs to refuse service to gays, drawing backlash from Democrats who called the proposal “state-sanctioned discrimination” and an embarrassment.

The 33-27 vote by the House sends the legislation to Republican Gov. Jan Brewer and puts Arizona back at the forefront of a polarizing piece of legislation four years after the state enacted an immigration crackdown that caused a national furor.

Similar religious protection legislation has been introduced in Ohio, Mississippi, Idaho, South Dakota, Tennessee and Oklahoma, but Arizona’s plan is the only one that has passed. The efforts are stalled in Idaho, Ohio and Kansas.

Republicans stressed that the bill is about protecting religious freedom and not discrimination. They frequently cited the case of a New Mexico photographer who was sued after refusing to take wedding pictures of a gay couple and said Arizona needs a law to protect people in the state from heavy-handed actions by courts and law enforcement.
“This bill is not about allowing discrimination,” Republican Sen. Steve Yarbrough said. “This bill is about preventing discrimination against people who are clearly living out their faith.”

More here

Ted "the degenerate" Nugent apologized today for calling the President "a sub-human mongrel." Or did he. Watch the clip below and you be the judge.



Since Nugent is hoping to learn from better men than himself the game of politics could this mean he is planing a run for Congress? The Senate?

This nation can only hope that if he is he never makes it past the primaries.

Now, for Tea Party favorite Senator Ted "Green Eggs and Ham" Cruz on Nugent's remark.



Hm, did I miss something or did Cruz do a nice side shuffle?

Texas republican Attorney General Greg Abbott and likely gubernatorial nominee when pressed on why he he selected Nugent to campaign with him to bolster his 2'nd amendment right credentials (not that Abbot needed bolstering) refused to answer.



Sometime not answering speaks volumes about the person being questioned. Texas sure does breed em big and dumb.

Finally outgoing Governor Rick Perry on the Nugent remark.



Well congratulations to Governor Rick Perry for acknowledging that Nugent's remark was inappropriate. It is unfortunate however that the Governor didn't have the b**ls to not only severely criticize Nugent but to send the message to people that individuals like Nugent do not represent the republican party... But that would likely be a lie as apparently they do.

Find the article BELOW THE FOLD.

Via: Memeorandum

This really is a slow Friday if I’m bothering to put up anything John McCain has to say. (H/T) National Review

National Review reports the Federal Communications Commission has pulled the plug on its plan to conduct an intrusive probe of newsrooms as part of a “Critical Information Needs” survey of local media markets.

However, a revised version of the survey could raise new concerns: that it will trade its now-kiboshed news questions for a demographic survey that might justify new race-based media ownership rulemaking.

“[I]n the course of FCC review and public comment, concerns were raised that some of the questions may not have been appropriate,” the FCC announced in a statement Friday. “Chairman [Tom] Wheeler agreed that survey questions in the study directed toward media outlet managers, news directors, and reporters overstepped the bounds of what is required. Last week, Chairman Wheeler informed lawmakers that that Commission has no intention of regulating political or other speech of journalists or broadcasters and would be modifying the draft study. Yesterday, the Chairman directed that those questions be removed entirely.”

The Critical Information Needs (CIN) survey has been a slow-burning controversy since ever since this reporter first revealed its existence in October 2013.

First Amendment supporters objected that the design of the survey would have had FCC representatives interrogating newsroom staffers about how they make coverage decisions and select (or spike) story ideas. Many commentators objected to the potential intimidation involved in such a survey.

More here

Caracas, Venezuela - A Venezuelan national march has been called for Saturday, February 22, 2014. President Nicolás Maduro has said, "No permit, No march." But the Venezuelan Republican Constitution allows the people of Venezuela to ignore him.

The following chart shows the annual change in the semiannual average of new one family homes sold in the West Census Region.


Click to enlarge.

What's the worst that could happen from here? Okay, sure. The growth rate is currently negative and has been falling for 18 months. That's just this winter's East Coast's polar vortex temporarily rippling back through space and time though. Any rational optimist can see that.

Further, we already knew that the East Coast's weather would carry over to existing home sales in the West. To think otherwise is just crazy talk!

In all seriousness, the housing optimists better hope we not only stay in the channel but move back above 0% soon, or speculators may someday wish that they had embraced their fistfuls of dollars instead.



Source Data:
St. Louis Fed: Custom Chart

The following chart shows real nonfinancial corporate business credit market liabilities per capita (September 2013 dollars).


Click to enlarge.

An exponential trend channel did not fit the data well at all but a parabolic trend sure did.

Parabolic moves are not sustainable over the long-term. This is a mathematical certainty. About the only thing open for debate here is the timing of the failure(s).

There's a reason that so few of the companies in the S&P 500 still have AAA ratings. It is not something pointed out on CNBC though. No, sir. It's just piles and piles of corporate cash that's talked about. Why won't they spend their hoard? Blah, blah, blah, blah, blah.

1. Over the short-term, we're pretty much at the top of the channel again. This data ends in the 3rd quarter of 2013. Keep in mind that 5 months have elapsed since then. This is not even remotely the ideal investment environment that we saw in 1982 (where we were right at the bottom of the trend channel with plenty of room to grow).

2. Over the long-term, to put it bluntly, we are so @#$%ed.

March 21, 2012
Parabolic Moves Always Have Their Reasons


I can't say when the parabolic trend will fail (either in the short-term or the long-term) but I will say this. I became a permabear over debt concerns. I remain a permabear over debt concerns.

When the @#$% hits the fan again, and it certainly will if we continue to follow parabolic debt paths, then I'd much rather be owning "bubbly" inflation protected US treasuries backed by a monetary printing press than "bubbly" corporate debt backed by "private jets, office renovations, and custom-built commodes." Of course, that's just an opinion. Your opinion may vary.

This is not investment advice.

Source Data:
St. Louis Fed: Custom Chart

In 2012, there were more black babies killed by abortion (31,328) in New York City than were born there (24,758), and the black children killed comprised 42.4% of the total number of abortions in the Big Apple, according to a report by the New York City Department of Health and Mental Hygiene.


The report is entitled, Summary of Vital Statistics 2012 The City of New York, Pregnancy Outcomes, and was prepared by the New York City Department of Health and Mental Hygiene, Office of Vital Statistics. (See Pregnancy Outcomes NYC Health 2012.pdf)
Table 1 of the report presents the total number of live births, spontaneous terminations (miscarriages), and induced terminations (abortions) for women in different age brackets between 15 and 49 years of age. The table also breaks that data down by race – Hispanic, Asian and Pacific Islander, Non-Hispanic White, Non-Hispanic Black – and also by borough of residence: Manhattan, Bronx, Brooklyn, Queens, Staten Island.

The numbers show that in 2012, there were 31,328 induced terminations (abortions) among non-Hispanic black women in New York City. That same year, there were 24,758 live births for non-Hispanic black women in New York City. There were 6,570 more abortions than live births of black children.

Full article here

President Maduro has launched a major military regime oppression assault in Táchira and other states in Venezuela to restore order.
A Venezuelan national march has been called for Saturday. President Nicolás Maduro has said, "No permit, No march." But the Venezuelan Republican Constitution allows the people of Venezuela to ignore him. (Click on image to enlarge)