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BORROWING A HALF BILLION TO BALANCE A BUDGET

“When borrowing goes bad”, Ellis Henican Column, Newsday, December 11, 2011 What’s another half-billion among friends? With Nassau County proposing to borrow a fresh $450 million to pay for certain expenses, perhaps it’s time for a brief budget-theory review. Wait. Stick with me here. I know budgets can be boring. And budgetary theory sounds even…

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Image: Obama visits General Electric in Schenetady New York

GE INVESTORS WILL HAVE TO WAIT BEFORE THEY SEE THE MONEY

“GE came to us on their knees in great distress. You know what, I want some payback. You go to a loanshark – they want you to pay them back, too.” –  Ellis Henican Following General Electric’s $16 billion  bailout,  investors learned today that they would have to wait until the Federal Reserve regulators finish…

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CONGRESS WARNS OF MORE HOUSING BAILOUTS

“Tough times are still coming – don’t feel like you’re out of the woods yet.” – Ellis Henican The Federal Housing Administration (FHA)’s mortgage insurance fund is threatened by declining home prices and could require a taxpayer bailout, according to Congress members. Watch Ellis Henican on the FOX Business Channel’s “Freedom Watch” with Elizabeth MacDonald and…

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BULLY FOR OBAMA HEADING TO OSAWATOMIE

“The focus is, and likely will be, on the pressures that middle class Americans are facing. There’s a lot of angst out there.” – Ellis Henican President Obama will give an economic speech in Osawatomie, Kansas at a location the White House says it was very specific in picking and was meant to stir echoes of…

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MAN’S BEST FRIEND SUFFERING FROM POST TRAUMATIC STRESS

  “Did you know that dogs also suffer from PTSD? The same pressures and stress that make the return to civilian life so difficult for the men and women in our armed services seems to apply just as intensely to the dogs that provide essential services to our soldiers on the battlefield.” – Ellis Henican…

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“I STARTED A JOKE” : NEWS IN SONG

Long Islanders to McCain : Stick to… anything but comedy. “I Started a Joke” Faith No More http://tinyurl.com/nojoking “I started a joke, which started the whole world crying, but I didn’t see that the joke was on me, oh no. I started to cry, which started the whole world laughing, oh, if I’d only seen that…

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LONG ISLAND ISN’T LAUGHING – THIS TIME

“LI can take a joke – when it’s a good one”, Ellis Henican Column, Newsday, December 4, 2011 John McCain wasn’t the first comedian — amateur or professional — to make Long Island the butt of the joke. Didn’t a whole generation of stand-ups dine out on Matzo-Pizza and Buttafuoco? Where would the American sitcom be…

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Egypt elections

EGYPTIANS BEGIN TO VOTE ON THEIR FUTURE

“As the future of Egypt unfolds—whatever the changes are on paper—they must be reflected by changes in the streets and in the barracks. There’s still no plan for when democratic traditions and government will finally be ushered in.” – Ellis Henican After nine days of clashes that have left more than 40 dead and heightened…

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