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Wednesday March 4th 2015

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Freddie Mac ignored signs

NY Times reports that they have an internal 2004 memo that warned of problematic loans at the mortgage giant, but the questionable practices continued. The memo stated that the firm’s underwriting standards were becoming shoddier and that the company was becoming exposed to losses. I think we [...]

WCI files for bankruptcy

The daily newspaper reports that Lost Key developer WCI Communities filed for Chapter 11 bankruptcy Monday. WCI was one of the developers that the naysayers were pushing as an alternative to the Community Maritime Park proposal. Imagine how much more screwed the development of the property [...]

FWB Medical Center has problems

The Daily News reports that the Fort Walton Beach Medical Center is trouble with the federal and state governments. It has been given until Aug. 18 to correct three "conditions of participation" as a Medicare provider or its Medicare reimbursements will be terminated. In an Aug. 1 letter, the [...]

Gulf Power upsets North Hill

An email circulating in North Hill: In the last few weeks, we have discovered an planned re-routing of high voltage transmission lines by Gulf Power to new locations running along the perimeter of the historic district in some cases. These transmission lines are planned to allow for an upgrade [...]

IN Your Head Radio 8.1

Today on the show I will talk with Dave Robau about the NWFL Young Democrats rally coming up August 13, and Mike Steele, chairman of GOPAC about the National Urban League Conference that he attended this morning with John McCain.  Yesterday, the New York Times reported that Western Journalists [...]

Obama Birthday Party – Monday, August 4

We are sponsoring a birthday party for Barack Obama at Lili Marlene's in Seville Quarter on Monday, August 4, from 5:30 to 7 p.m. Supporters and candidates are invited. And before you Republicans get upset we will do the same on John McCain's birthday on August 29. The parties just another way [...]

Escambia County has $223.6 million – cash and investments

As June 30, 2008: Regions Banks $37,635.287.15 BB&T Money Market $18,024.611.05 Bank of Pensacola Money Market $23,828,823.84 U.S. Treasury Bills $29,942,252.18 Federal Instrumentalities: $49,472,012.52 BB&T CD $10 million Compass Bank CD $10 million Suntrust CD $20 million RBC CD [...]

City stalls on CMPA bonds

Remember all the ballyhoo over the Pensacola City Council passing the alternative funding proposal for the bonds for the Community Maritime Park? The city staff has no plans to do anything on the bonds until after the environmental permits are in. "It's really just an alternative that we gave [...]

We need windfall profits tax

Exxon/Mobil's income for the second quarter rose 14 percent, to $11.68 billion, compared to the same period a year ago. That beat the previous record of $11.66 billion set by Exxon in the last three months of 2007. Every minute Exxon/Mobile made $90,000 net profits. Yet they can't afford to [...]

Thank you, GOP

Florida is officially in a recession and doing much worse than large states. The Florida economy shrank 1.6 percent during the second quarter. It was the state economy's worst performance since 1991. The U.S. economy actually grew 1.9 percent during the same period. Why blame GOP? We have had [...]

Another electibust in Brownsville

WEAR TV 3 reports: Authorities say more prostitutes are off the streets... Earlier this week, Escambia County Deputies arrested 15 men and women in Brownsville. They say sold themselves for sex. Five women were arrested overnight... Including 38 year old 'Consandra Baker'... 28 year old [...]

Where are ECSO cuts?

Mike Whitehead continued his tour de force on budget cuts - which we still believe are really from former County Administrator George Touart. Face it. Comm. Whitehead has not pushed for many budgets in his four years on the board. He actually got into a shouting match with then-Florida Speaker of [...]

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