Posts Tagged ‘Nevada’

TLP: Harry Reid Says Nevada Should Outlaw Prostitution, Gets Bitchslapped by Whores

Courtesy of Jr. Deputy Accountant

nevada prostitution

Did you hear the one about the politician and the hookers? Turned out to not be so funny. Maybe that was because he was trying to f#*k the hookers and take their money at the same time.

AP via The Huffington Post:

U.S. Sen. Harry Reid took aim at the world’s oldest profession Tuesday, telling state lawmakers the time has come to have an adult conversation about Nevada’s legal sex trade if the state hopes to succeed in the 21st century.

The Democratic Senate majority leader made the comments before a joint session of the Legislature as brothel owners and lobbyists – and working girls from the rural establishments – looked on from the gallery.

In his autobiography, Reid, a Mormon, wrote about growing up in the mining hamlet of Searchlight, Nev., and learning to swim in the pool at a bordello. His mother took in laundry from the 13 brothels around town.

But when the nation thinks about Nevada, Reid said, "it should think about the world’s newest ideas and newest careers – not about its oldest profession."

He received a smattering of applause when he first suggested Nevada outlaw bordellos. By the time he finished with the topic, his remarks were met with silence from the representatives of a state whose identity is woven tightly with gambling, alcohol, quick marriages and prostitution.

What did he expect? His own mother made money washing the dirty laundry from whorehouses. Everybody wants to get paid, Harry. At least one hooker who listened to the speech wasn’t shy about raising her pimp hand to the honorable senator.

More AP:

Brooke Taylor, a prostitute at Bunny Ranch east of Carson City, called Reid’s speech "offensive" and said Reid should be proud of the way the state’s brothels regulate the sex industry.

"We’re the first ones to do it right," Taylor said.

Don’t think this hooker doesn’t know what she’s talking about. As JDA reported last spring from Battle Mountain, Nevada, there are businesses in the state that could learn a few things from prostitutes. For free. 


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School Crisis In Nevada; Governor Seeks To Cancel Collective Bargaining With Schools Because The State Is Broke

School Crisis In Nevada; Governor Seeks To Cancel Collective Bargaining With Schools Because The State Is Broke

Courtesy of Mish

USA, Nevada, Las Vegas, The Strip at dusk, elevated view

Nevada has an $881 million budget deficit and drastic cuts are on the horizon for education. Governor Gibbons is investigating options of canceling collective bargaining agreements with school districts. Unfortunately that maneuver is likely illegal.

State revenue shortfall $881 million

It’s official. The state government revenue shortfall that legislators and the governor must eliminate through spending cuts later this month is $881 million.

State Budget Director Andrew Clinger said today that the shortfall has been formally calculated at $881.4 million, which would necessitate a 20.2 percent cut in state spending between March and June 30, 2011.

Legislators so far have not said where they want to reduce spending. They are scheduled to meet with Gibbons’ staff later today, when they will be given the governor’s proposed list of cuts.

So far, Gibbons has announced publicly he will support no more than a 6 percent cut in state employee salaries, a 10 percent reduction in public education spending, and layoffs of 300 state employees. He also wants to temporarily suspend collective bargaining rights for school employees and to close the Nevada State Prison in Carson City.

Gibbons aims for 10 percent in school cuts  

Gov. Jim Gibbons said Tuesday he hopes to cut state appropriations to public schools by 10 percent as he seeks to reduce state spending by $900 million between March and June 30, 2011.

Anticipating the need to roll back the salaries of teachers and other K-12 school employees in the face of declining revenues, he has ordered his lawyers to determine whether he can temporarily suspend by executive order the collective bargaining agreements with unions that bind school districts to pay specific salaries and benefits.

Lynn Warne, president of the Nevada State Education Association, said Gibbons cannot under state law suspend collective bargaining.

She noted that in the collective bargaining law (Nevada Revised Statute 288.150) local governments can suspend this right only "in situations of emergency, such as a riot, military action, natural disaster or civil disorder."

And collective bargaining can be suspended only for the duration of the emergency, according to the law.

"I suppose you can do almost anything in an emergency," said Tobias, a former professor at the Boyd School of Law in Las


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Phil's Favorites

March Madness: With gambling legal in eight states, who really wins?

 

March Madness: With gambling legal in eight states, who really wins?

The odds of more legal betting are good. AP Photo/John Locher

Courtesy of John Affleck, Pennsylvania State University

March means springtime, but also breathless headlines of Cinderellas, busted brackets and buzzer beaters.

This year, it’ll also include talk of “sharps,” “handles” and “point spreads,” as millions more Americans are able to openly wager for the first time on March Madness – the NCAA men’s...



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Zero Hedge

Enron 2.0? Jeff Skilling And Lou Pai Are Back With A "New Energy Venture"

Courtesy of Zero Hedge

Former Enron Chief Executive Jeff Skilling is out of prison after 12 years. And he’s getting the old gang back together again.

Just when you thought the world of business couldn’t get more ethically sound, and just when you thought you weren't going to get any more surefire signs of a market top, Jeff Skilling is recruiting his old friends and colleagues and "looking to get back in the energy business", according to a WSJ report.

But that isn’t even the best part - according to the report, Skilling has already landed an investment from former Enron executive and...



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ValueWalk

Tax Receipts Decline As Budget Deficit Reaches Record

By Gary St. Fleur. Originally published at ValueWalk.

The U.S budget deficit has widened as the corporate and individual tax receipts and other revenue declines in the face of federal spending reaching new heights.

geralt / Pixabay

Last year’s fiscal gap for February was $215.2 billion. It has now grown to $234 billion. This is larger than the last budget deficit record set in 2012. This increase is due to declines in tax receipts for October-February. The period saw a decline of 1 percent (1.3 trillion ) from the prior year while growth in federal spending rose upwards of 9 percent to 1.8 t...



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Chart School

Palladium Action Review

Courtesy of Read the Ticker.

Palladium is near its peak, or at least a consolidation. Russia and South Africa are the producers of palladium, and it looks like Putin has been able to play US Futures market for a lot of Russia gain! Which metal is next?


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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of ...

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Kimble Charting Solutions

NYSE Index Suggesting The Top Is In, Says Joe Friday

Courtesy of Chris Kimble.

Is a very broad stock index suggesting that a top is in play? What this index does to close this week should go a long way to answering that question!

This chart looks at the NYSE Index on a weekly basis over the past 4-years. Over the past 15-months, it has created a series of lower highs and lower lows inside of the shaded falling channel. It hit strong support around Christmas at (1) and a counter-trend rally started. The rally now has it testing the top of the falling channel at (2).

Joe Friday Just The Facts Ma’am- The NYSE index could be cre...



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Insider Scoop

10 Biggest Price Target Changes For Friday

Courtesy of Benzinga.

  • Buckingham cut the price target for Trinity Industries Inc (NYSE: TRN) from $32 to $26. Trinity Industries shares closed at $22.96 on Thursday.
  • Canaccord Genuity lowered the price target for Biogen Inc (NASDAQ: BIIB) from $396 to $275. Biogen shares closed at $226.88 on Thursday.
  • H.C. Wainwright cut the price target on Conatus Pharmaceuticals Inc (NASDAQ: CNAT) from $8 to $1.50. Conatus Pharmaceuticals shares closed at $2.91 on Thursday.
  • Wedb...


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Biotech

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Reminder: We are available to chat with Members, comments are found below each post.

 

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Assorted cannabis bud strains. Roxana Gonzalez/Shutterstock.com

Courtesy of James David Adams, University of Southern California

Medical marijuana is legal in 33 states as of November 2018. Yet the federal government still insists marijuana has no legal u...



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Digital Currencies

Facebook's cryptocurrency: a financial expert breaks it down

 

Facebook's cryptocurrency: a financial expert breaks it down

Grejak/Shutterstock

Courtesy of Alistair Milne, Loughborough University

Facebook is reportedly preparing to launch its own version of Bitcoin, for use in its messaging applications, WhatsApp, Messenger and Instagram. Could this “Facecoin” be the long-awaited breakthrough by a global technology giant into the lucrative market for retail financial services? Or will...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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