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The Morning Flap: January 11, 2012

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These are my links for January 5th through January 11th:

  • Rush Loves Mitt; Hates Newt – Master-talk-master continues finger on the scale for frontrunner on Wednesday’s show.

    Praises the Bay Stater: “Romney gave what may be his best speech ever last night.”

    And/but: El Rushbo bashes Romney — GM/Obama comparison from CBS “This Morning” Wednesday interview.

    Pans Gingrich: “Newt is so ticked off over the negative ad campaign…that right now, he is solely focused on taking Romney out, making sure Romney doesn’t win this thing.”

  • Gregory Flap Cole – Google+ – Iran: What me worry?

    From Michael Ramirez…… – Iran: What me worry?

    From Michael Ramirez……Michael Ramirez Cartoon

  • Savings from ‘3 strikes’ reform may be smaller than claimed | California Watch – Savings from California ‘3 strikes’ reform may be smaller than claimed
  • Flap’s California Morning Collection: January 11, 2012 » Flap’s California Blog – Flap’s California Morning Collection: January 11, 2012
  • Will Mindful Eating Help Curb Obesity? | Smiles For A Lifetime – Temporary (Locum Tenens) Dentistry – Will Mindful Eating Help Curb Obesity?
  • Journalists’ campaign trail secrets revealed – The Washington Post – Journalists’ campaign-trail secrets revealed
  • The Bain Capital Bonfire – About the best that can be said about the Republican attacks on Mitt Romney’s record at Bain Capital is that President Obama is going to do the same thing eventually, so GOP primary voters might as well know what’s coming. Yet that hardly absolves Newt Gingrich, Rick Perry and others for their crude and damaging caricatures of modern business and capitalism.

    Bain’s business model is little more than “rich people figuring out clever legal ways to loot a company,” says Mr. Gingrich, whose previous insights into free enterprise include years of defending the taxpayer-fed business of corn ethanol.

    A super PAC supporting the former House Speaker plans to spend $3.4 million in TV ads in South Carolina portraying Mr. Romney as Gordon Gekko without the social conscience. The financing for these ads will come from a billionaire who made his money in the casino business, which Mr. Gingrich apparently considers morally superior to investing in companies in the hope of making a profit.

    Mr. Perry, who has no problem using taxpayer financing to back his political allies in Texas, chimes in that “I have no doubt that Mitt Romney was worried about pink slips, whether he was going to have enough of them to hand out. Because his company Bain Capital, with all the jobs that they killed, I’m sure he was worried he’d run out of pink slips.”

  • President 2012: Conservatives Scrambling to Block Romney | Flap’s Blog – FullosseousFlap’s Dental Blog – President 2012: Conservatives Scrambling to Block Romney
  • (500) http://flapsblog.com/2012/01/11/day-by-day-janaury-11-2012-reality-show/ – Day By Day Janaury 11, 2012 – Reality Show
  • Riehl World View: Romney Has Lied, Maligned And Danced Away For Years, It’s Time He Paid For It – GOP will pay | RT @DanRiehl Romney Has Lied, Maligned And Danced Away For Years, It’s Time He Paid For It
  • (404) http://t.co/DqN – RT @jpodhoretz: Romney may win the easiest nomination victory ever–even though he’s as weak a candidate as we’ve seen: …
  • In Florida, Obama Trails Mitt By 3, Leads Rick By 2 – By Jim Geraghty – The Campaign Spot – National Review Online – Closer than you would expect RT @jimgeraghty In Florida, Obama Trails Mitt By 3, Leads Rick By 2 #tcot
  • @Flap Twitter Updates for 2012-01-11 | Flap’s Blog – FullosseousFlap’s Dental Blog – @Flap Twitter Updates for 2012-01-11
  • Log In – The New York Times – Log In – The New York Times
  • Log In – The New York Times – Log In – The New York Times
  • Log In – The New York Times – As Romney Advances, Private Equity Becomes Part of the Debate
  • As Romney Advances, Private Equity Becomes Part of the Debate – A working paper released in September shows that private equity-owned companies shed slightly more jobs than similar companies, though the difference was quite small. In total, they shed about 1 percent more jobs.

    The study — by Steven J. Davis of the University of Chicago; John C. Haltiwanger of the University of Maryland; Josh Lerner of Harvard, and Ron S. Jarmin and Javier Miranda of the Census Bureau — looked at about 3,200 buyouts conducted between 1980 and 2005.

    It found that companies bought by private equity firms let go a larger proportion of workers than similar firms, shrinking their work forces about 6 percent more over a five-year window. But companies bought by private equity firms also tend to open more new branches, offices and factories and hire more new staff members, partly offsetting the job losses.

    Some economists also argue that private equity takeovers make good economic sense in the long term, even if they result in more layoffs in the short term, by making companies more efficient.

  • Gingrich’s Own Close Tie to Buyout Industry – Newt Gingrich has ramped up his attacks on Mitt Romney as a heartless leveraged buyout executive for his years at Bain Capital, asking reporters in Manchester on Monday, “Is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of other people and walk off with the money? Or is that, somehow, a little bit of a flawed system?”

    But Mr. Gingrich was himself on an advisory board for a major investment firm that had a similar business model, Forstmann Little, a pioneering private equity firm co-founded in 1978 by Theodore J. Forstmann that was, along with Mr. Romney’s Bain Capital and Henry R. Kravis’s Kohlberg Kravis & Roberts, among the leading private equity firms during the 1980s and 1990s.

    Forstmann Little earned billions of dollars in profits from its investments in companies including General Instrument and Gulfstream Aerospace. But the firm shut down most of its operations a decade ago after suffering losses from ill-timed bets on high-flying telecommunications companies at the height of that industry’s bubble.

    Mr. Gingrich’s involvement with the firm could complicate his attacks on Mr. Romney.

    Still, to be fair, Mr. Forstman bristled at some of the more aggressive tactics of his rivals, and once described them as “barbarians at the gate.” That phrase was used as the title of a bestselling book that detailed Mr. Forstmann’s buyout battle with Mr. Kravis for RJR Nabisco, a contest K.K.R. eventually won.

  • President 2012: Mitt Romney Wins New Hampshire But…. | Flap’s Blog – FullosseousFlap’s Dental Blog – President 2012: Mitt Romney Wins New Hampshire But….
  • Film Attacking Romney Leaked Early – Film Attacking Romney Leaked Early – 0n to South Carolina #tcot
  • (500) http://flapsblog.com/?s=Romney+and+Kennedy&utm_source=twitterfeed&utm_medium=twitter – Romney And Kennedy | Flap’s Blog – FullosseousFlap’s Dental Blog:

    Annotations:

  • (500) http://flapsblog.com/2012/01/10/president-2012-when-mitt-romney-came-to-town-or-will-come-crashing-down/ – President 2012: When Mitt Romney Came to Town or Will Come Crashing Down?
  • The Wait Is Over: All Time Warner Cable Customers With HBO Can Now Use HBO GO/MAX GO « Time Warner Cable Untangled – RT @jeffTWC: The Wait Is Over: All Time Warner Cable Customers Can Now Use HBO GO/MAX GO – (Please RT)
  • CA-26: Rep Elton Gallegly to Retire – Tony Strickland, Steve Bennett and Linda Parks to Run | Flap’s Blog – FullosseousFlap’s Dental Blog – CA-26: Rep Elton Gallegly to Retire – Tony Strickland, Steve Bennett and Linda Parks to Run
  • Day By Day January 10, 2012 – Horse | Flap’s Blog – FullosseousFlap’s Dental Blog – Day By Day January 10, 2012 – Horse
  • @Flap Twitter Updates for 2012-01-10 | Flap’s Blog – FullosseousFlap’s Dental Blog – @Flap Twitter Updates for 2012-01-10
  • @Flap Twitter Updates for 2012-01-09 | Flap’s Blog – FullosseousFlap’s Dental Blog – @Flap Twitter Updates for 2012-01-09
  • @Flap Twitter Updates for 2012-01-08 | Flap’s Blog – FullosseousFlap’s Dental Blog – @Flap Twitter Updates for 2012-01-08
  • foursquare :: Gregory Flap @ Harrah’s Laughlin – Eating dinner and then football or poker. What debate? (@ Harrah’s Laughlin w/ 2 others)
  • foursquare :: Gregory Flap @ Arizona State line – On the way to Nevada! (@ Arizona State line)
  • @Flap Twitter Updates for 2012-01-07 | Flap’s Blog – FullosseousFlap’s Dental Blog – @Flap Twitter Updates for 2012-01-07
  • MapMyRUN – Map New Run – MapMyRUN – Map New Run:

    Annotations:

  • foursquare :: Gregory Flap @ Santa fe, NM – Leaving Santa Fe in the morning. Laughlin and poker here I come. (@ Santa fe, NM)
  • Unemployment Rate Drop Is for Real – now 8.5% – The U.S. unemployment rate dropped to 8.5% in December, while a broader measure dropped even further to 15.2% from 15.6% the prior month, both at their lowest levels since February 2009.

    While the unemployment rate has been falling in part due to people leaving the labor force, a large portion of this month’s number appears to come from people finding jobs.

    The unemployment rate is calculated based on people who are without jobs, who are available to work and who have actively sought work in the prior four weeks. The “actively looking for work” definition is fairly broad, including people who contacted an employer, employment agency, job center or friends; sent out resumes or filled out applications; or answered or placed ads, among other things. The rate is calculated by dividing that number by the total number of people in the labor force.

    In December, the household survey showed the number of people employed rose by 176,000, as the population increased by 143,000 over the month. So even though the labor force — the number of people working or looking for work — fell by 50,000, job growth is outpacing the increase in the population.

  • @Flap Twitter Updates for 2012-01-06 | Flap’s Blog – FullosseousFlap’s Dental Blog – @Flap Twitter Updates for 2012-01-06
  • Brown Seeks 7% California Spending Boost- Bloomberg – Brown Seeks 7% California Spending Boost
  • Brown Seeks 7% California Spending Boost – Governor Jerry Brown proposed $92.6 billion in spending for the year starting in July, an increase of about 7 percent, which will count on voters approving $7 billion of higher taxes in November.

    The spending plan foresees a deficit of $9.2 billion through the next 18 months. Almost half of that is in the current fiscal year, he said. He called for $4.2 billion in cuts, mostly to welfare and programs for the poor. If the tax increase isn’t passed, Brown’s plan would cut another $4.8 billion in support for public schools and community colleges.

    California is Standard & Poor’s lowest-rated state, at A-, six levels below AAA. Moody’s Investment Service grades it A1, four steps below the top rating, tied with Illinois (STOIL1) for the worst credit rating among states.

  • Small Business: Doctors going broke – Doctors in America are harboring an embarrassing secret: Many of them are going broke.

    This quiet reality, which is spreading nationwide, is claiming a wide range of casualties, including family physicians, cardiologists and oncologists.

    Industry watchers say the trend is worrisome. Half of all doctors in the nation operate a private practice. So if a cash crunch forces the death of an independent practice, it robs a community of a vital health care resource.

    “A lot of independent practices are starting to see serious financial issues,” said Marc Lion, CEO of Lion & Company CPAs, LLC, which advises independent doctor practices about their finances.

    Doctors list shrinking insurance reimbursements, changing regulations, rising business and drug costs among the factors preventing them from keeping their practices afloat. But some experts counter that doctors’ lack of business acumen is also to blame.

  • Employers close door on smokers – More job-seekers are facing an added requirement: no smoking — at work or anytime.

    As bans on smoking sweep the USA, an increasing number of employers — primarily hospitals — are also imposing bans on smokers. They won’t hire applicants whose urine tests positive for nicotine use, whether cigarettes, smokeless tobacco or even patches.

    Such tobacco-free hiring policies, designed to promote health and reduce insurance premiums, took effect this month at the Baylor Health Care System in Texas and will apply at the Hollywood Casino in Toledo, Ohio, when it opens this year.

  • New Pentagon strategy stresses Asia, cyber, drones – President Barack Obama unveiled a defense strategy on Thursday that would expand the U.S. military presence in Asia but shrink the overall size of the force as the Pentagon seeks to reduce spending by nearly half a trillion dollars after a decade of war.

    The strategy, if carried out, would significantly reshape the world’s largest military from the one that executed President George W. Bush’s “war on terrorism” in Iraq and Afghanistan.

    Cyberwarfare and unmanned drones would continue to grow in priority, as would countering attempts by China and Iran to block U.S. power projection capabilities in areas like the South China Sea and the Strait of Hormuz.

    But the size of the U.S. Army and Marines Corps would shrink. So too might the U.S. nuclear arsenal and the U.S. military footprint in Europe.

  • Obama: the US can no longer fight the world’s battles – The mighty American military machine that has for so long secured the country’s status as the world’s only superpower will have to be drastically reduced, Barack Obama warned yesterday as he set out a radical but more modest new set of priorities for the Pentagon over the next decade.

    After the wars in Iraq and Afghanistan that defined the first decade of the 21st century, Mr Obama’s blueprint for the military’s future acknowledged that America will no longer have the resources to conduct two such major operations simultaneously.

    Instead, the US military will lose up to half a million troops and will focus on countering terrorism and meeting the new challenges of an emergent Asia dominated by China. America, the President said, was “turning the page on a decade of war” and now faced “a moment of transition”. The country’s armed forces would in future be leaner but, Mr Obama pointedly warned both friends and foes, sufficient to preserve US military superiority over any rival – “agile, flexible and ready for the full range of contingencies and threats”.

  • Mitt Romney’s the nominee: The Republican primary race is over. – Is there anyone not annoyed by Mitt Romney’s narrow win in the Iowa caucus? Conservatives are disappointed because they recognize that the former Massachusetts governor, who used to be pro-choice and was for Obamacare before it was called that, is only pretending to be one of them. Seventy-five percent of Iowa’s Republican voters wanted someone further to the right. But because their votes were divided among too many weak and weird candidates, the only moderate running in their state came out on top.

    Liberals are bummed because Romney is the strongest potential challenger to President Obama. This shows up clearly in head-to-head polls, which put Romney tied with or slightly ahead of Obama, while other Republican contenders trail by 10 points or more. It was hard for Obama campaign officials to suppress their glee last month when Newt Gingrich, the only even remotely plausible alternative to Romney, briefly ran at the head of the pack. But even they knew this was a momentary aberration. Short of Republicans committing collective suicide by picking someone else, Democrats would like to see Romney win the nomination after a protracted, costly struggle that would deplete his financial resources, sully his image, and drag him further to the right. Today, that scenario looks less likely.

  • Richard Cordray & the Use and Abuse of Executive Power – Some think me a zealous advocate of executive power, and often I am when it comes to national security issues. But I think President Obama has exceeded his powers by making a recess appointment for Richard Cordray (whom I respect and have no problems with as a nominee) to head the new Consumer Financial Protection Bureau. Any private party can challenge this nomination by refusing to obey any regulation issued by the agency as the act of an unconstitutional officer. As a result, this may be the first time that Richard Epstein and I get to represent someone in court together!
  • Day By Day January 4, 2012 – Bupkis | Flap’s Blog – FullosseousFlap’s Dental Blog – Day By Day January 4, 2012 – Bupkis
  • Obama Begins 2012 at 46% Job Approval – Obama Begins 2012 at 46% Job Approval
  • Obama Begins 2012 at 46% Job Approval – Obama Begins 2012 at 46% Job Approval
  • Obama Begins 2012 at 46% Job Approval – RT @gallupnews: Obama Begins 2012 at 46% Job Approval… #Obama #Gallup
  • foursquare :: Gregory Flap @ Alburquerque, NM – On to Santa Fe (@ Alburquerque, NM)
  • (500) http://flapsblog.com/2012/01/05/flap-twitter-updates-for-2012-01-05/ – @Flap Twitter Updates for 2012-01-05
  • foursquare :: Gregory Flap @ Grants – Albuquerque here we come (@ Grants)
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