[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

MAHA MEME

noone2222 and John Bolton sitting in a tree K I S S I N G

Donald Trump To Help Construct The Third Temple?

"The Elites Want To ROB Us of Our SOVEREIGNTY!" | Robert F Kennedy

Take Your Money OUT of THESE Banks NOW! - Jim Rickards

Trump Taps Tulsi Gabbard As Director Of National Intelligence

DC In Full Blown Panic After Trump Picks Matt Gaetz For Attorney General

Cleveland Clinic Warns Wave of Mass Deaths Will Wipe Out Covid-Vaxxed Within ‘5 Years’

Judah-ism is as Judah-ism does

Danger ahead: November 2024, Boston Dynamics introduces a fully autonomous "Atlas" robot. Robot humanoids are here.

Trump names [Fox News host] Pete Hegseth as his Defense secretary

Lefties losing it: Trump’s YMCA dance goes viral

Elon Musk: "15 Products You'll Stop Buying After You Know What They're Made Of"

Walmart And Other Major Retailers Canceling Billions In Orders Amid Fears Of A Dark Winter Ahead

Joe and Jill Biden deliver final 'kick' against Kamala Harris on election day

Relative importance of carbon dioxide and water in the greenhouse effect: Does the tail wag the dog?

Fired FEMA Employee Speaks Out, Says It Was Not Isolated Incident: Colossal Event Of Avoidance

Judge Merchan Hands Trump Historic Victory Donald Receives Stay on Felony Conviction

PNut the Squirrel was marked for death and decapitation from the start as rabies test results are negative

Yemeni forces strike military base in Tel Aviv with hypersonic ballistic missile

SheÂ’s lying. The FEC shows the payment

Speaker Johnson Orders Entire Biden Administration to Preserve and Retain All Records and Documents

Boeing has given up on diversity.

Trump Targeting up to 100,000 Deep Staters for Absolute Exile From DC

FBI Execs Rush to Retire After Trump Victory Leaves Them Shell-Shocked.

Witness to Tragedy: Huge Financial Incentives Led Hospitals to Use COVID Treatments That Killed Patients

‘Knucklehead’: Tim Walz returns to Minnesota ‘defeated'

Study Confirms the Awesome Destructive Power of Sugar in Utero Originally published via Armageddon Prose:

Ukraine mobilizing mentally challenged and deaf people lawmaker

COL. Douglas Macgregor : Trump and Netanyahu At Crossroads


Immigration
See other Immigration Articles

Title: Fox News Boss Murdoch Calls For Legalizing 40 Million Illegals
Source: PP
URL Source: http://www.prisonplanet.com/fox-new ... izing-40-million-illegals.html
Published: Oct 2, 2010
Author: Kurt Nimmo
Post Date: 2010-10-02 03:35:40 by HAPPY2BME-4UM
Ping List: *Illegal Immigration*     Subscribe to *Illegal Immigration*
Keywords: None
Views: 202
Comments: 16

Fox News Boss Murdoch Calls For Legalizing 40 Million Illegals

Rupert Murdoch wants “amnesty” for millions of illegal aliens. On Thursday, appearing before the House Judiciary Subcommittee on Immigration, Murdoch said he supports amnesty for “law abiding” illegal immigrants. He did not explain how millions of people who have crossed the border and entered the country illegally may be considered “law abiding.”

Murdoch said legalizing illegals will grow the nation’s tax base. He declined to point out that illegals have instead imposed a net deficit on federal and local governments.

In 2002 alone, according to the Center for Immigration Studies, illegal aliens imposed more than $26.3 billion in costs on the federal government and paid only $16 billion in taxes, creating a net fiscal deficit of almost $10.4 billion, or $2,700 per illegal household. Illegals are a drain on Medicaid, food assistance programs such as food stamps, the federal prison and court systems, and federal aid to schools. CIS notes that although legalization would increase average tax payments by 77 percent, average costs would rise by 118 percent.

“I joined Mayor [Michael] Bloomberg in organizing the Partnership for a New American Economy because I believe that all Americans should have a vital interest in fixing our broken immigration system so we can continue to compete in the 21st century global economy,” Murdoch said.

In other words, legalizing a massive influx of illegal immigrants taking jobs away from legal Americans and imposing a financial a social burden on the federal government and the states is part of the globalization process, according to Murdoch.

“Our system of immigration, I think it fair to say, is broken,” Bloomberg testified. “I think it’s undermining our economy, it is slowing our recovery, and it really is hurting millions of Americans. And we just have to fix it.” He went on to say that legalizing nearly 40 million illegals “will strengthen our economy,” an assertion at odds with reality.

Murdoch said following the law and securing the border is fiscally unfeasible. “It is nonsense to talk of expelling 12 million people,” testified Murdoch. “Not only is it impractical, it is cost prohibitive.”

According to Californians for Population Stabilization, the actual number of illegal immigrants in the United States is closer to 40 million. However, according to James Walsh, the former associate general counsel to the INS, there is no accurate way to come up with a reliable figure. “No exact head count exists for the ghost population of illegal aliens…. Guessing the number is like playing the lottery.”

Walsh arrives at the figure of 38 million illegals in the country by calculating “a conservative annual rate of entry (allowing for deaths and returns to their homeland) of three illegal aliens entering the United States for each one apprehended.”

“Official estimates are somewhat suspect and may represent significant undercounts, as they are produced by the very entity responsible for the tidal wave of illegal aliens entering our nation,” explains Fred Elbel, a computer specialist from Colorado who is an expert in methodologies and data analysis. “Based on [my] analysis… it is likely that up to 20 million illegal aliens presently reside in the United States, with up to 12,000 additional illegal aliens entering every day.”

Fresh food that lasts from eFoods Direct (Ad)

In 2001, it was reported that data from the 2000 Census and other sources suggested the government has long underestimated the number of illegal aliens living in the United States.

Philip Romero, former economic adviser to Gov. Pete Wilson of California, estimates that “the average illegal immigrant receives eight to twelve dollars in services for every dollar they pay in taxes, roughly twice the disparity found in 1994… Illegal immigrants impose a ‘tax’ on legal Californian residents in the tens of billions of dollars. Their costs, net of taxes, consume about 20 percent of the entire state budget, crowding out vital services or lower taxes for legal residents.” Subscribe to *Illegal Immigration*

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: All (#0)

Fox News Owner Rupert Murdoch: "Obama has become a rock star. It's fantastic! He'll probably win."

U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY

HAPPY2BME-4UM  posted on  2010-10-02   3:37:59 ET  Reply   Trace   Private Reply  


#2. To: HAPPY2BME-4UM (#0)

“It is nonsense to talk of expelling 12 million people,” testified Murdoch. “Not only is it impractical, it is cost prohibitive.”

He's lying but that shouldn't surprise anyone. They CAN be deported and should be. Someone like him may depend on illegals that they can treat any way they want to and pay as little as they can get by with but what they don't take into account is that those illegals are sucking up more services than they are paying for. And as far as it being impractical and cost prohibitive he probably hasn't heard about Operation Wetback when Eisenhower had about a million illegals deported. Yes, of course there are far more of them now but the government knows who and where they are, just a matter of rounding them up and sending them back. And they COULD do it by eliminating that anchor baby foolishness and deny all but emergency treatment for life-threatening injuries to them. Cut out the welfare, drop the idiocy of making people citizens who are actually citizens of another country and deport all of them engaged in illegal activities* and you wouldn't have a lot of them left.

*For things like drunk driving but deport them only when they have not caused any injury, death or property damage (the property of others). And when they are deported they should be told, in no uncertain terms, that if they are caught in the US again without a visa or a document which shows they have a right to be there that they will serve hard time in a not so nice prison and will be forever barred from becoming a citizen.

Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton

He (Gordon Duff) also implies that forcibly removing Obama, a Constitution-hating, on-the-down-low, crackhead Communist, is an attack on America, Mom, and apple pie. I swear these military people are worse than useless. Just look around at the condition of the country and tell me if they have fulfilled their oaths to protect the nation from all enemies foreign and domestic.
OsamaBinGoldstein posted on 2010-05-25 9:39:59 ET (2 images) Reply Trace

James Deffenbach  posted on  2010-10-02   8:54:53 ET  Reply   Trace   Private Reply  


#3. To: James Deffenbach (#2)


Please! Tell me FOXNews isn't owned by a COMMUNIST NEW WORLD ORDER!

U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY

HAPPY2BME-4UM  posted on  2010-10-02   10:47:09 ET  (1 image) Reply   Trace   Private Reply  


#4. To: HAPPY2BME-4UM (#3)

Rothschilds and the Grail Bloodline

Jacob Rothschild, the current head of the Rothschild dynasty, has intermarried with the Sinclair family, forging an important alliance between the head family of the Illuminati, and the supposed descendants of the Grail family.

As has been popularized recently by Dan Brown in the Da Vinci Code, or before him by the Holy Blood, Holy Grail, the Stuarts of Scotland are supposedly descended from King Arthur and Jesus Christ. These families are of course not descended from Jesus. The idea is preposterous. But they are related to the Holy Grail, and they are not Christians, but Kabbalists.

In reality, they, like all the aristocratic bloodlines that form the core of the Illuminati, are descended from Guillaume de Gellone of the eighth century AD. Guillaume's father was Rabbi Makhir, among the Exilarchs who ruled the Jews in Baghdad, who was sent West after a dispute over the successorship. In France, he took the name Theodoric, married Alda, the aunt of Charlemagne, and was appointed “King of the Jews” in the region of the Languedoc, with his capital the city of Narbonne.

Narbonne then became the heartland of the Medieval Kabbalah. The Kabbalists of Narbonne seem to have been responsible for instigating the Crusades, in order to retrieve sacred texts that had been buried there, but which had been unaccessible because of first the rule of the Romans, and then the Muslims. Once Jerusalem was conquered, a Kabbalistic order of knights known as the Templars conducted excavations, and discovered the text of the Sepher ha Bahir, which revived the lost mystical tradition, and set off the cultural revolution of the Medieval Kabbalah.

Another aspect of the penetration of these Kabbalistic ideas was the heresy of the Cathars. The Cathar foothold was in the region of Tolouse, the bastion of the descendants of Guillaume, also known as the family of the Guilhemids, several of whom were ardent defenders of the heresy. However, the Cathars have been idealized by numerous Illuminati propagandists as having been innocent victims of Church persecutions, but the Cathars rejected the God of the Bible, in favour of the worship of Lucifer and practiced witchcraft. It was the Cathars who influenced the heretical aspects of the Templars, for which the order was disbanded in 1307.

Part of this Kabbalistic revolution was the legends of the Holy Grail, which included Cathar and Templar themes, and formulated in the region of Aquitaine, another stronghold of the Guilhemids. The Holy Grail, or San Greal, should have been translated as Sang Real, or Royal Blood, because it referred to the sacred bloodline that supposedly issued from Guillaume de Gellone, and ultimately King David, but which in reality, was understood to represent the descendants of the Fallen Angels, and their leader, Lucifer.

The Sinclairs were descendants of Guillaume de Gellone, through his great-great-granddaughter, Poppa of Bavaria, who married the Viking leader, Rollo Ragnvaldsson. Among Rollo's descendants was William the Conqueror of Normandy. The Sinclairs, or St. Clair, were given various other castles around France. However, they all went to England with the Conqueror. One Sinclair, though, named William, did not like the Conqueror, so with some other discontented barons, he went to Scotland and placed himself in the service of King Malcolm III of Scotland.

Malcolm III King of Scotland was the father of David I "the Saint" King of Scotland. In 1128, soon after the Council of Troyes, Hugh de Payens, the Templars' first Grand Master, met with King David I of Scotland. King David later surrounded himself with Templars, and appointed them as "the Guardians of his morals by day and night".

David married the grand-daughter of Lambert II, the brother of Godefroi de Bouillon, leader of the first crusade, and the sister of sister of William the Conqueror. Godefroi's younger brother, Eustace III, married David's sister, Mary Scots. Their daughter married Stephen I King of England, the son Adela de Normandie, the daughter of William the Conqueror. Adela's brother, Henry I King of England, married David's sister, Editha of Scotland. Their daughter, Mathilda Empress of England, married Geoffrey V, Comte d'Anjou, whose son Henry II married Eleanor of Aquitaine.

King David granted Hugues and his knights the lands of Balantrodoch, by the Firth of Forth, but now renamed Temple, near the site of Rosslyn. And, legend has it that, when the Templars came under trial, their leader de Molay arranged for the Templar to return to Scotland, where they assisted Robert the Bruce at the Battle of Bannockburn.

Robert the Bruce claimed the Scottish throne as a great-great-great-great grandson of David. Walter Stewart, the sixth High Steward of Scotland, also played an important part in the Battle of Bannockburn. Walter Stewart then married Majory, daughter of Robert the Bruce, and their son Robert II of Scotland was heir to the House of Bruce; he eventually inherited the Scottish throne after his uncle David II of Scotland died.

In Scotland, the Templars served Robert the Bruce as members of the Scots Guard, of which two prominent families were those of the Stuarts and the Sinclairs. Henry Sinclair was a supporter of Robert the Bruce, and one of his descendants, William Sinclair, designed Rosslyn Chapel, a church in the village of Roslin, replete with occult symbolism, and believed to be one of the sites where the Grail might be buried. Finally, the Sinclairs became the Hereditary Grand Masters of the Masons of Scotland.

After Queen Elizabeth died without an heir, she was succeeded by the son of Mary Queen of Scots, James Stewart I of England, also known as King James. It is for this reason that the Freemasons of the eighteenth century conspired to back the Stuart cause, after their last monarch, James II Stuart, King of England, was deposed, and replaced by William of Orange. The Stuart cause then became the essence of Scottish Rite Freemasonry, which regarded the Stuarts as the inheritors of the Templars, who had rescued the secret tradition of the East, otherwise known as the Kabbalah.

Since the late eighteenth century, however, the Illuminati have come under the leadership of the Rothschild family. The founder of the dynasty, Mayer Amschel Rothschild, ordered his sons to marry only their first cousins, continuing the careful intermarrying practiced by their predecessors.

However, the first exception was Hannah, the daughter of Amschel Mayer's son, the notorious Nathan Mayer Rothschild, who married the Rt. Hon. Henry Fitzroy, a direct descendant of Charles II Stuart King of England, the father of James II.

More recently, however, is the great-great-great grandson of Nathan Mayer, Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild, who married Mary Serena Dunn. The mother of Mary Serena was Lady Mary Sybil St. Clair-Erskine, who was the daughter of James Francis Harry St. Clair-Erskine, 5th Earl of Rosslyn.

Rothschild, Buffet, Arnold, Supreme Court in IsraelJacob Rothschild is the current head of the UK Rothschild family, having inherited the fourth baronetcy from his father, Victor, an eminent zoologist, and sometime MI5 agent and friend of KGB agents Anthony Blunt and Guy Burgess. Jacob resigned from the family's bank NM Rothschilds in 1980, run by his cousin Evelyn, and started RIT Capital Partners.

Jacob Rothschild resigned from the family's bank NM Rothschilds in 1980, run by his cousin Evelyn, and started RIT Capital Partners. He is chairman of Yad Hanadiv, the Rothschild foundation, which built and gave the Knesset government buildings and the Supreme Court to Israel, and chairs the Jewish Policy Research, dedicated to promoting issues affecting Jews worldwide.

Jacob Rothschild is chairman of Yad Hanadiv, the Rothschild foundation, which chairs the Jewish Policy Research, dedicated to promoting issues affecting Jews worldwide. Yad Hanadiv was also responsible for building and granting the Knesset government buildings, and the Supreme Court of Israel, which prominently features Masonic symbolism and the pyramid and all-seeing eye of the Illuminati.

Jacob Rothschild was a close personal friend of the Princess Diana, and maintains strong personal and business links with Henry Kissinger. He knows Rupert Murdoch well, having been friends since the Australian newspaper proprietor first came to the UK in the 1960s. His country estate has been a regular venue for visiting heads of state including Presidents Ronald Reagan and Bill Clinton. Margaret Thatcher received French President François Mitterrand there at a summit in 1990. He hosted the European Economic Round Table conference in 2002, attended by such figures as James Wolfensohn, president of the World Bank, Nicky Oppenheimer, Warren Buffet and Arnold Schwarzenegger.

www.conspiracyarchive.com/NWO/Rothschild_Grail.htm

Itistoolate  posted on  2010-10-02   10:52:23 ET  Reply   Trace   Private Reply  


#5. To: HAPPY2BME-4UM (#0)

it was decided back in 1986 to let illegals come in, as many as the employers wanted. they passed a law protecting employers from harm when they hire illegals if they only take photo-copies of documents and the documents appear real, then the employer cannot be harmed by the government for hiring illegals. Plain simple fact. and it is still true today as it was when the law was passed.

so if 'we' don't like illegals coming here, then perhaps we should vote in politicians who will not tolerate this. we've never done that. therefore, eventually the illegals who have been invited here will be allowed to stay. you can't just let employers hire all they want and say you've kept them out. You haven't, you let them in. or at least government did.

Even if the illegals are allowed to become 'guest workers', it will still grate against our sensibilities to have a group of free citizens with full rights living with a group of half-citizens who have only some rights. and in time they'll be made legal - if they're allowed to stay. today they're not only allowed to stay, but they're allowed still to come.

Psalms 137:1 By the rivers of Babylon, there we sat down, yea, we wept, when we remembered Zion.

Red Jones  posted on  2010-10-02   10:59:59 ET  Reply   Trace   Private Reply  


#6. To: Itistoolate (#4) (Edited)

WHO RUNS THE MEDIA?

To those of you who do not know who Jacob Schiff was: Schiff worked for the Rothschilds, or maybe even was a Rothschild, and financed the Bolshevik Revolution in Russia. That's right, the Capitalist Jew paid for the birth of Communism to the World!

The Rabi Marvin S. Andelman, in his book To Eliminate the Opiate, said that Jacob Schiff is credited with giving 20 million dollars to the Bolshevik Revolution. A year after his death the Bolsheviks deposited 600 million rubles to Schiff's banking firm Kuhn & Loeb Co. (which still exists to this day and with Schiffs on board).


The Jew, Leon Trotsky, addressing the Commie Hordes.

That 20 million, brought untold misery to millions, and would've been equivalent to hundreds of millions of dollars today. Supposedly, Leon Trotsky, (a Jew, actually named Lev Bronstein) accompanied it to Russia. Only 13 members of the 384 members of the top governing body were ethnic, Gentile Russians. The leading administrators of the Gulag, where many people met horrible fates, were all Jews. Yagoda (Jew name: Ieguda or Judah) presided over the killing of millions of white gentiles.

Talk about Holocausts!

Also, Jacob Schiff is supposed to have given the order for the founding of the Council of Foreign Relations (CFR), those that are behind the North American Union and the end to the concept of the United States of America.

==========================================================================

In 1977, Kuhn Loeb merged with Lehman Brothers to form, in the United States, Lehman Brothers, Kuhn, Loeb Inc.

However, internationally, the merged firms were known as Kuhn Loeb Lehman Brothers Incorporated, in recognition of the fact that Kuhn Loeb's international reputation was clearly superior to that of Lehman's.

A period of bitter internal strife ended in 1984 when the Firm sold itself to Shearson/American Express, itself the product of a recent merger between American Express and Sandy Weill's, Shearson Loeb Rhodes.

Later, the combined firm purchased disgraced E.F. Hutton, becoming Shearson Lehman Hutton.

Having failed to successfully create the country's first financial services supermarket, American Express sold its retail brokerage operations to Primerica in 1993 and in 1994 spun off a beleaguered Lehman Brothers as Lehman Brothers Holdings Inc., in an initial public offering. Although the Kuhn, Loeb name is likely lost forever, the Firm's legacy is not.

Former Kuhn, Loeb employees remain in senior positions both within Lehman Brothers and throughout Wall Street.

Vestiges of the firm survive in the form of Lehman Brothers' extensive fixed income capabilities, including many of their bond indices, such as The Government/Credit index.

This index, originally birthed in 1973 by Kuhn, Loeb, as the Government/Corporate index was among the first generation of bond index data to measure the fixed income market. It is still the preeminent benchmark in its class.

Jacob Schiff

From Wikipedia, the free encyclopedia

 

Jacob Henry Schiff, born Jacob Hirsch Schiff (January 10, 1847 – September 25, 1920) was a German-born New York City banker and philanthropist, who helped finance, among many other things, the Japanese military efforts against Tsarist Russia in the Russo-Japanese War.

From his base on Wall Street, he was the foremost Jewish leader in what became known as the "Schiff era," grappling with all major issues and problems of the day, including the plight of Russian Jews under the tsar, American and international anti-Semitism, care of needy Jewish immigrants, and the rise of Zionism. He also became the director of many important corporations, including the National City Bank of New York, Equitable Life Assurance Society, Wells Fargo & Company, and the Union Pacific Railroad. In many of his interests he was associated with E.H. Harriman.

COMMON KNOWLEDGE

History

Kuhn, Loeb & Co. was an investment bank located in New York City. It was founded in 1867, by Abraham Kuhn and Solomon Loeb. Kuhn and Loeb had created a successful merchandising business in Cincinnati, Ohio, when they decided to move east, to New York, to take advantage of the country's burgeoning economic expansion. Company records indicate that by the time Kuhn and Loeb established their partnership, they were able to capitalize it at $500,000. On January 1, 1875, Jacob Schiff (1847-1920), Solomon Loeb's son-in-law, joined the firm and began a remarkable reign as its leader, during which it grew to be the most prestigious investment bank in the United States, perhaps, second only, to J. Pierpont Morgan's, J.P. Morgan & Co.

Jacob Schiff

The firm grew to prominence during the railroad era in the United States. Much like the internet boom which struck America in the 1990s, Americans saw great hope and promise in the railroad era and investors saw great opportunities to profit. Kuhn, Loeb, like all investment banks, brought capital together with commercial opportunity. Its first meaningful entry into railroad financing was in 1877 when it raised funds for the Chicago and North Western Railroad, and several years later, in 1881, for the Pennsylvania Railroad and the Chicago, Milwaukee & St. Paul Railroad.

Schiff was instrumental in the reorganization of the Union Pacific in 1897, helping to place the firm on sound financial footing. In 1901, with Kuhn, Loeb's financial support, E. H. Harriman famously battled James Jerome Hill and J.P. Morgan to acquire control of the Northern Pacific Railroad.

The firm was long associated with many of America's emerging industrial giants, providing financial backing for Westinghouse and Western Union, as well as innovative consumer giants like the Polaroid Corporation. The firm also enjoyed respect as a trusted adviser overseas, providing services to numerous foreign governments, including the governments of Austria, Finland, Mexico and Venezuela.

It also acted as the leading investment house for John D. Rockefeller, through the guidance of his investment adviser, Frederick T. Gates. Rockefeller invested in many syndicates with the bank, including major stakes in the prominent railroad companies, as well as contributing to its consolidation of the Chicago meatpackers, which resulted in the formation of a leading trust. Overseas ventures that Rockefeller also got involved with included the bank's loans to the Chinese and Imperial Japanese governments.

The firm also joined a partnership with Rockefeller in 1911 to gain control of the Equitable Trust Company, which was later to merge and become the Chase Bank.[1]

Famous partners of the firm included Otto Kahn, Paul Warburg, Felix Warburg, Mortimer Schiff, Benjamin Buttenwieser, Lewis Strauss, Sigmund Warburg, founder of S.G. Warburg.

Otto Kahn

In its early years, intermarriage among the German-Jewish elite was common. Consequently, the partners of Kuhn, Loeb were closely related by blood and marriage to the partners of J & W Seligman, Speyer & Co., Goldman, Sachs & Co., Lehman Brothers and other prominent German-Jewish firms. Prior to the Second World War, a particularly close relationship existed between the partners of Kuhn, Loeb and M. M. Warburg & Co. of Hamburg, Germany, through Paul and Felix, who were Kuhn, Loeb partners. Later on, following World War II, their cousin Sigmund Warburg, would briefly continue this relationship as a partner and Executive Director of the firm.

The firm's fortunes began to fade in the years following World War II. Wall Street was changing and shifting away from relationship banking. Kuhn, Loeb's world of gentlemen bankers was gradually being replaced by a more aggressive, transaction-oriented Wall Street, with underwriters entering the trenches and selling securities directly to the public, territory Kuhn, Loeb stubbornly refused to enter. When asked how many people worked at Kuhn, Loeb, one partner famously quipped, "about half". Such was life at Kuhn, Loeb, resting on its laurels, while Wall Street passed it by.

In 1977, facing a capital crisis, the firm succumbed and merged with Lehman Brothers, to form Lehman Brothers, Kuhn, Loeb Inc. Internationally, the merged firms were known as Kuhn Loeb Lehman Brothers Inc., in recognition of the fact that Kuhn Loeb's international reputation was superior to that of Lehman's.

The merger did not, however, prove to be the panacea to what ailed Kuhn, Loeb. Indeed, as detailed more closely in the Lehman Brothers history, a period of bitter internal strife ended in 1984 when the firm sold itself to Shearson/American Express, itself the product of a recent merger between American Express and Sandy Weill's, Shearson Loeb Rhodes. The combined firms, then dropped the Kuhn, Loeb name and became known as Shearson Lehman/American Express, ending Kuhn, Loeb's almost 120 years on Wall Street.

Later, the combined firm purchased disgraced E.F. Hutton, becoming Shearson Lehman Hutton. Ultimately, however, American Express could not make the pieces of its financial services supermarket work and the firm sold its retail brokerage operations to Primerica in 1993 and in 1994 spun off a beleaguered Lehman Brothers as Lehman Brothers Holdings Inc., in an initial public offering.

Although the Kuhn, Loeb name is likely lost forever, the firm's legacy is not. Former Kuhn, Loeb employees remain in senior positions throughout Wall Street and until recently, at Lehman Brothers. Vestiges of the firm survived in the form of Lehman Brothers' extensive fixed income capabilities, including many of their bond indices, such as the Government/Credit index. This index, originally birthed in 1973 by Kuhn, Loeb, as the Government/Corporate index was among the first generation of bond index data to measure the fixed income market. It is still the preeminent benchmark in its class.

U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY

HAPPY2BME-4UM  posted on  2010-10-02   11:11:00 ET  (4 images) Reply   Trace   Private Reply  


#7. To: HAPPY2BME-4UM (#0)

Murdoch the Australian, bought his citizenship in the US, now wants millions of human dregs in free. Send the SOB back to Australia.

Cynicom  posted on  2010-10-02   11:18:49 ET  Reply   Trace   Private Reply  


#8. To: Red Jones (#5)

if they're allowed to stay. today they're not only allowed to stay, but they're allowed still to come.

===================================


Greed and corruption has allowed this to get this far. It will continue until the USA is swallowed up into the North American Union. At that point, the Dollar will be replaced by a new currency, and our border will finally, and officially be declared null and void.

U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY

HAPPY2BME-4UM  posted on  2010-10-02   11:40:00 ET  (1 image) Reply   Trace   Private Reply  


#9. To: Red Jones, Cynicom, christine, Itistoolate, Original_Intent, abraxas, hondo68, X-15, James Deffenbach (#8)

Federation for American Immigration Reform (FAIR): Illegal Immigration Costs Federal and Local Taxpayers $113 Billion a Year


(Washington, D.C July 6, 2010) A new study released today by the Federation for American Immigration Reform (FAIR) estimates that illegal immigration now costs federal and local taxpayers $113 billion a year. The report, The Fiscal Burden of Illegal Immigration on U.S. Taxpayers, is the most comprehensive analysis of how much the estimated 13 million illegal aliens and their U.S.-born children cost federal, state and local governments.




http://www.libnot.com/2010/07/17/federation-for-american-immigration-reform-fair-illegal-immigration-costs-federal-and-local-taxpayers-113-billion-a-year/

U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY

HAPPY2BME-4UM  posted on  2010-10-02   11:52:21 ET  (1 image) Reply   Trace   Private Reply  


#10. To: HAPPY2BME-4UM (#0)

FAUX Nooze, like Rush Limbaugh, is FALSE opposition.

Murdoch is part of the cabal seeking to collapse and then enslave this country. He is about as trustworthy as Jim and Tammy.

"One of the least understood strategies of the world revolution now moving rapidly toward its goal is the use of mind control as a major means of obtaining the consent of the people who will be subjects of the New World Order." K.M. Heaton, The National Educator

Original_Intent  posted on  2010-10-02   11:52:44 ET  Reply   Trace   Private Reply  


#11. To: Original_Intent, Red Jones, Cynicom, christine, abraxas, Itistoolate, James Deffenbach, hondo68 (#10)

The High Cost of Cheap Labor

Illegal Immigration and the Federal Budget

This study is one of the first to estimate the total impact of illegal immigration on the federal budget. Most previous studies have focused on the state and local level and have examined only costs or tax payments, but not both. Based on Census Bureau data, this study finds that, when all taxes paid (direct and indirect) and all costs are considered, illegal households created a net fiscal deficit at the federal level of more than $10 billion in 2002. We also estimate that, if there was an amnesty for illegal aliens, the net fiscal deficit would grow to nearly $29 billion.

Among the findings:

* Households headed by illegal aliens imposed more than $26.3 billion in costs on the federal government in 2002 and paid only $16 billion in taxes, creating a net fiscal deficit of almost $10.4 billion, or $2,700 per illegal household.

* Among the largest costs are Medicaid ($2.5 billion); treatment for the uninsured ($2.2 billion); food assistance programs such as food stamps, WIC, and free school lunches ($1.9 billion); the federal prison and court systems ($1.6 billion); and federal aid to schools ($1.4 billion).

* With nearly two-thirds of illegal aliens lacking a high school degree, the primary reason they create a fiscal deficit is their low education levels and resulting low incomes and tax payments, not their legal status or heavy use of most social services.

* On average, the costs that illegal households impose on federal coffers are less than half that of other households, but their tax payments are only one-fourth that of other households.

* Many of the costs associated with illegals are due to their American-born children, who are awarded U.S. citizenship at birth. Thus, greater efforts at barring illegals from federal programs will not reduce costs because their citizen children can continue to access them.

* If illegal aliens were given amnesty and began to pay taxes and use services like households headed by legal immigrants with the same education levels, the estimated annual net fiscal deficit would increase from $2,700 per household to nearly $7,700, for a total net cost of $29 billion.

* Costs increase dramatically because unskilled immigrants with legal status -- what most illegal aliens would become -- can access government programs, but still tend to make very modest tax payments.

* Although legalization would increase average tax payments by 77 percent, average costs would rise by 118 percent.

* The fact that legal immigrants with few years of schooling are a large fiscal drain does not mean that legal immigrants overall are a net drain -- many legal immigrants are highly skilled.

* The vast majority of illegals hold jobs. Thus the fiscal deficit they create for the federal government is not the result of an unwillingness to work.

* The results of this study are consistent with a 1997 study by the National Research Council, which also found that immigrants' education level is a key determinant of their fiscal impact.


http://cis.org/articles/2004/fiscalexec.html

U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY

HAPPY2BME-4UM  posted on  2010-10-02   12:48:46 ET  Reply   Trace   Private Reply  


#12. To: HAPPY2BME-4UM (#11)

Excellent post, Hap. Screw Murdoch!! Who the hell is he to be spewing on this topic before CONgress anyway?

"The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. ... We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of." Edward Bernays, Father of Public Relations

abraxas  posted on  2010-10-02   12:50:12 ET  Reply   Trace   Private Reply  


#13. To: abraxas (#12)

Excellent post, Hap. Screw Murdoch!! Who the hell is he to be spewing on this topic before CONgress anyway?

=================================

When you OWN the U.S. Congress you can do and say anything you want - AND THEY GOBBLE IT UP like a Juarez whore on Saturday night.

U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY

HAPPY2BME-4UM  posted on  2010-10-02   13:08:05 ET  Reply   Trace   Private Reply  


#14. To: HAPPY2BME-4UM (#11)

* The results of this study are consistent with a 1997 study by the National Research Council, which also found that immigrants' education level is a key determinant of their fiscal impact.

That is a point that has to be emphasized. Education is such a large factor in determining people's viewpoints, behavior, and reactions that it simply cannot be overstated in its importance.

That along with language and cultural differences is what makes the massive influx so disruptive to the nation. It has little to do with suntan and everything to do with education, culture, and language.

That is also why the elites are working so hard to destroy the publik Skool Systum and degrade the literacy level of the common culture in the United States.

It really has two important aspects as regards the immigration debate:

Ignorant and illiterate people are easier to control, because they know less, cannot easily access new knowledge because they can't read, and are thus more easily manipulated through media.

The influx of a large unabsorbed group into the society disrupts the culture and the lessened overall education level makes the two groups at conflict with each other easier to manipulate, control, and eventually "cull". It reduces thus the level of resistance to a totalitarian take over. That is why the elites despise the Internet and Home Schoolers - home schoolers actually learn how to read and think at a level much higher than is in the program for the intentionally dumbed down Publik Skools.

"One of the least understood strategies of the world revolution now moving rapidly toward its goal is the use of mind control as a major means of obtaining the consent of the people who will be subjects of the New World Order." K.M. Heaton, The National Educator

Original_Intent  posted on  2010-10-02   13:08:32 ET  Reply   Trace   Private Reply  


#15. To: Original_Intent (#14)

Education is such a large factor in determining people's viewpoints, behavior, and reactions that it simply cannot be overstated in its importance.

=======================================

It has been repeatedly proven that wherever illegal aliens saturate a local population, the LITERACY RATE FALL THROUGH THE FLOOR, and the CRIME RATE GOES THROUGH THE CEILING!

Los Angeles has the highest illiteracy rate in the country.

U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY

HAPPY2BME-4UM  posted on  2010-10-02   13:11:40 ET  Reply   Trace   Private Reply  


#16. To: HAPPY2BME-4UM (#15)

Good point. Illiteracy and Crime go hand in hand. The lower the literacy level the more difficult it is for a person, or group, to earn a living. We live in a society where success is dependent to no small degree upon literacy.

As well literacy implies education which implies knowledge, and that as well acts as a force to counter any irrational criminal impulses because people learn that crime really does not pay. Oh, you may get money from it but you will lead a very unhappy life. The old saw is true - money cannot buy happiness.

"One of the least understood strategies of the world revolution now moving rapidly toward its goal is the use of mind control as a major means of obtaining the consent of the people who will be subjects of the New World Order." K.M. Heaton, The National Educator

Original_Intent  posted on  2010-10-02   13:19:16 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]