The fiscal year 2011 ended June 30 and the surplus for 2011 ended at $785 million.
That's right. Governor Corbett inherited a $785 million surplus for his first full fiscal year budget that started today, July 1, 2011.
Friday, July 1, 2011
Must Read: Article Blows Apart NYT June 26th Story
You must read this article at http://www.aei.org/article/103815. It blows apart the NYT June 26th story.
The previous post has more discussion.
The previous post has more discussion.
UPDATED/MUST READ Scandal: NYT Gas Reporter Is the Next Judith Miller
The truth is catching up to the NYT gas reporter. Read this devastating article that begins to reveal the next Judith Miller scandal at the NYT: http://www.aei.org/article/103815.
In it you will find out key information unrevealed by the NYT reporter about the only two named sources in the June 26th NYT gas story and much more. The other 8 sources were anonymous.
As to Ms. Rogers, a principal on the record source, the NYT reporter described her as a highly credible financial expert. A nice picture of her accompanied the article. The NYT Reporter called her a "Commissioner" of the Federal Reserve Bank in Dallas, serving on the "advisory committee."
The Dallas Federal Reserve corrected the record, saying that Ms. Rogers is an unpaid volunteer on the small business and agriculture advisory council.
The NYT Reporter did not disclose the truth to his readers. Instead of being a financial expert, Ms. Rogers owns a farm and produces cheese. At that farm, she has been in a years-long battle with Chesapeake Energy. Ms. Rogers also serves on the steering committee of the anti-fracking organization called the Oil and Gas Accountability Project. None of that is in the June 26th article.
Instead the NYT Reporter presented her as an official in the Federal Reserve with an objective, investor protection concern.
The information about the Mr. Berman in the linked article is potentially even more damaging to the NYT Reporter, even edging into potential criminal stock manipulation. See for yourself.
Another 8 sources were anonymous. The article sheds some light on these anonymous sources.
Judith Miller's false reporting relied on anonymous sources and the infamous source code named "Curveball." Curveball was presented by the NYT as a source with Inside Information of the Saddam Hussein regime's weapons of mass destruction plans. He was a favorite source of Vice President Cheney.
I hate to say it, but I found Miller's reporting convincing at the time.
It was a heap of lies. The biggest lie of all were the explosive tales told by Curveball.
Curveball was deliberately providing false information to the US government in a fabulously successful effort to get the USA to stampede to war. The NYT enabled this false information, putting it on the front page, often on a Sunday for maximum impact (sound familiar?). By doing so, the NYT significantly enabled the disatrous IRAQ war.
Now the NYT June 26th gas story and the February 27th story follow that infamous path. The NYT gas reporter is the next Judith Miller.
In it you will find out key information unrevealed by the NYT reporter about the only two named sources in the June 26th NYT gas story and much more. The other 8 sources were anonymous.
As to Ms. Rogers, a principal on the record source, the NYT reporter described her as a highly credible financial expert. A nice picture of her accompanied the article. The NYT Reporter called her a "Commissioner" of the Federal Reserve Bank in Dallas, serving on the "advisory committee."
The Dallas Federal Reserve corrected the record, saying that Ms. Rogers is an unpaid volunteer on the small business and agriculture advisory council.
The NYT Reporter did not disclose the truth to his readers. Instead of being a financial expert, Ms. Rogers owns a farm and produces cheese. At that farm, she has been in a years-long battle with Chesapeake Energy. Ms. Rogers also serves on the steering committee of the anti-fracking organization called the Oil and Gas Accountability Project. None of that is in the June 26th article.
Instead the NYT Reporter presented her as an official in the Federal Reserve with an objective, investor protection concern.
The information about the Mr. Berman in the linked article is potentially even more damaging to the NYT Reporter, even edging into potential criminal stock manipulation. See for yourself.
Another 8 sources were anonymous. The article sheds some light on these anonymous sources.
Judith Miller's false reporting relied on anonymous sources and the infamous source code named "Curveball." Curveball was presented by the NYT as a source with Inside Information of the Saddam Hussein regime's weapons of mass destruction plans. He was a favorite source of Vice President Cheney.
I hate to say it, but I found Miller's reporting convincing at the time.
It was a heap of lies. The biggest lie of all were the explosive tales told by Curveball.
Curveball was deliberately providing false information to the US government in a fabulously successful effort to get the USA to stampede to war. The NYT enabled this false information, putting it on the front page, often on a Sunday for maximum impact (sound familiar?). By doing so, the NYT significantly enabled the disatrous IRAQ war.
Now the NYT June 26th gas story and the February 27th story follow that infamous path. The NYT gas reporter is the next Judith Miller.
Key Fact: 85% of NY Marcellus Reserve Opened for Drilling
When you ask the bottom line question, how much of the New York Marcellus gas resource will be closed and how much will be opened by Governor Cuomo's announced policy, the answer is:
15% of the gas is off limits and 85% will be open to production.
Substantial protections will be in place for areas open to drilling.
They include setback requirements that range from 500 to 2,000 feet. No drilling in 100 year flood plains. Waste handling requirements. Waste water disposal requirements. Water withdrawal processes.
15% of the gas is off limits and 85% will be open to production.
Substantial protections will be in place for areas open to drilling.
They include setback requirements that range from 500 to 2,000 feet. No drilling in 100 year flood plains. Waste handling requirements. Waste water disposal requirements. Water withdrawal processes.
Updated Governor Cuomo & Fracking
Off his triumphs of passing gay marriage and a fiscally responsible state budget, Governor Cuomo may be the most popular Governor in America. His approval ratings are above 60%.
He now tackles gas drilling. Governor Cuomo and his DEC Commissioner Joe Martens issued a carefully crafted policy and worded press release.
The press release led with the news that drilling would be banned within all primary aquifers and on state-owned land.
The release then said, "Drilling permitted on other private land with rigorous and effective protections."
According to the release, "high-volume fracturing would be prohibited in the New York City and Syracuse watersheds, including a buffer zone." Unlike any public drinking water system in Pennsylvania, New York City does NOT filter its water and so concerns about the NYC drinking water source are considerably magnified.
Bottom line seems to be shale drilling will be allowed on private lands outside of the New York City and Syracuse watersheds.
This policy is essentially what I expected.
And I can assure you this result reflects both policy and politics, the politics of New York and America.
Unlike Governor Christy, Governor Cuomo will run and win re-election to his governorship.
But like Christy, Governor Cuomo will run for President in 2016. The American people favor by more than 2 to 1 responsible development of domestic natural gas resources Andrew Cuomo is like his dad in some respects and not like him in others.
He now tackles gas drilling. Governor Cuomo and his DEC Commissioner Joe Martens issued a carefully crafted policy and worded press release.
The press release led with the news that drilling would be banned within all primary aquifers and on state-owned land.
The release then said, "Drilling permitted on other private land with rigorous and effective protections."
According to the release, "high-volume fracturing would be prohibited in the New York City and Syracuse watersheds, including a buffer zone." Unlike any public drinking water system in Pennsylvania, New York City does NOT filter its water and so concerns about the NYC drinking water source are considerably magnified.
Bottom line seems to be shale drilling will be allowed on private lands outside of the New York City and Syracuse watersheds.
This policy is essentially what I expected.
And I can assure you this result reflects both policy and politics, the politics of New York and America.
Unlike Governor Christy, Governor Cuomo will run and win re-election to his governorship.
But like Christy, Governor Cuomo will run for President in 2016. The American people favor by more than 2 to 1 responsible development of domestic natural gas resources Andrew Cuomo is like his dad in some respects and not like him in others.
Gov. Christy & Fracking
The New Jersey Legislature has thrown a hand grenade to Governor Christy: a bill banning hydraulic fracturing.
The fact that this bill passed and that it now puts Governor Christy in a tight spot shows how much success Josh Fox, the NYT Reporter, and some others have had in planting deep misinformation in certain parts of the country.
Who is cheering for Governor Christy to sign this bill? No doubt the coal lobby which has seen low-priced gas created by the shale boom cause owners of old coal plants to retire them in large numbers.
What will Christy do?
My prediction is that he will veto the bill. And that will be another indication that he will not seek re-election.
Christy is now unpopular in New Jersey, with the Bloomberg poll this week finding 43% approve and 53% disapprove. His numbers will worsen.
Christy is leaving New Jersey, angling to run for President in 2016 and perhaps as Vice President in 2012. He is making sure he moves rightward to prepare for that run.
In this age, one can run for President with just one term or less in office: Governor Romney, President Obama, and possibly Former Governor Palin.
Governor Christy will veto the hydraulic fracturing ban, not seek re-election, and run for President.
The fact that this bill passed and that it now puts Governor Christy in a tight spot shows how much success Josh Fox, the NYT Reporter, and some others have had in planting deep misinformation in certain parts of the country.
Who is cheering for Governor Christy to sign this bill? No doubt the coal lobby which has seen low-priced gas created by the shale boom cause owners of old coal plants to retire them in large numbers.
What will Christy do?
My prediction is that he will veto the bill. And that will be another indication that he will not seek re-election.
Christy is now unpopular in New Jersey, with the Bloomberg poll this week finding 43% approve and 53% disapprove. His numbers will worsen.
Christy is leaving New Jersey, angling to run for President in 2016 and perhaps as Vice President in 2012. He is making sure he moves rightward to prepare for that run.
In this age, one can run for President with just one term or less in office: Governor Romney, President Obama, and possibly Former Governor Palin.
Governor Christy will veto the hydraulic fracturing ban, not seek re-election, and run for President.
Small Wind Booms
Sales of small wind systems are now 10,000 per year. In a decade they have increased from 2,000 per year.
Small wind for these purposes is less than 50 kw.
Driving recently through rural Maryland I encountered the small wind boom as a cluster of these systems were operating on a stretch of farms. One system went up and the neighbors apparently decided to keep up.
Small wind for these purposes is less than 50 kw.
Driving recently through rural Maryland I encountered the small wind boom as a cluster of these systems were operating on a stretch of farms. One system went up and the neighbors apparently decided to keep up.
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