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The Death of King Coal

The end is coming fast for coal as an energy source…

The World’s Largest Private Coal Company May File For Bankruptcy

Peabody Energy, the largest private coal company in the world, may soon file for bankruptcy, citing falling global demand and “substantial doubt” about its future.

The company has been hit hard by a glut in cheap natural gas and the Obama administration’s tougher, climate change-minded government. Several major coal companies have already succumbed to the changes, including Arch Coal, the second largest supplier in America.

“These projections and certain liquidity risks raise substantial doubt about whether we will meet our obligations,” Peabody said in a filing to the Securities and Exchange Commission. “There exists substantial doubt whether we will be able to continue.”

Shares in the company fell more than 45 percent on Wednesday after the filing.

Coal has long been lambasted for being a fuel of the past as growing concerns about climate change have led to harsh crackdowns on future mining operations. President Barack Obama halted new coal leases on public lands earlier this year. And China, by far the largest burner of coal on the planet, has promised to tackle it’s gargantuan greenhouse gas emissions by 2030.

Several leading environmental groups, including 350.org, Greenpeace and WildEarth Guardians, called on Peabody to end its coal business, citing the announcement as an “opportunity to protect the climate” in a press release.

“All we’re doing is calling on the company to get on board with helping our nation and our communities transition away from coal by winding down their operations in an orderly and effective manner,” Diana Best, Greenpeace’s senior coal campaigner, said in the statement.

Peabody has laid off hundreds of employees over the past few years and announced in January it would pay $75 million into a health fund for thousands of retired coal workers from a now-defunct company it spun off in 2007.

The company had $6.3 billion in debt and a net loss of more than $2 billion at the end of 2015.

Talking about Kentucky and Coal…A little Bluegrass is in order in a song about Peabody…

This is a modern electrified version of a Bluegrass classic – “You’ll Never Leave Harlan Alive”. Harlan County Kentucky was featured in a television series a few years ago, and it’s theme song featured a new style blending Bluegrass, funk, and rap.

In case you need to ask, my Grandfather was a coal miner, and my Dad did a stint to get though school up in the mountains working the Pocahontas mine.

 
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Posted by on March 17, 2016 in American Greed, General

 

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Clown Bus Update – Ben Carson Toast

Uncle Ben Ends His Campaign

No surprise here from the beginning.

Ben Carson, Seeing No ‘Path Forward,’ Signals End to Bid

Ben Carson, the only Republican to have once threatened the lead of Donald J. Trump in national polls, said on Wednesday he saw no path forward and would skip a debate on Thursday in his hometown of Detroit, signaling an end to his candidacy after paltry performances in the nominating contests.

Stopping short of suspending his campaign, Mr. Carson said he would provide more details in a speech on Friday, but after his dismal showing in the Super Tuesday states, his campaign is effectively over.

A retired pediatric brain surgeon of world renown, Mr. Carson long held Republicans’ favor with an uplifting biography and a quiet manner that belied his strafing critiques of President Obama and liberalism, which delighted grass-roots conservatives.

In the end, Mr. Carson withered under mocking insults hurled at him by Mr. Trump, especially in Iowa, and he suffered from voters’ desire for a candidate projecting strength at a time of anxiety over terrorism.

“Dr. Carson’s favorability ratings have never changed,” Armstrong Williams, a close adviser, said just before the Iowa caucuses last month, when Mr. Carson finished a disappointing fourth. “But after Paris and San Bernardino, his supporters made a different decision. They wanted a war president. Dr. Carson did not have the rhetoric or the competitiveness on the debate stage to say the explosive things, to say, ‘Let’s keep all the Muslims out.”’

Even in a year of fierce anti-establishment leanings, Mr. Carson’s months-long popularity, coupled with the prodigious support of small donors — his $20 million collected last summer led all other candidates – stunned political professionals.

Born into poverty and raised by a single mother with a third-grade education, Mr. Carson remade himself from a wayward teenager into a scholar, winning admission to Yale and medical school. By 33, he was the chief of a major department at Johns Hopkins Hospital. He burst on the political scene in 2013 when he criticized President Obama’s health care plan at the National Prayer Breakfast, a video watched over and over by delighted conservatives.

After his disappointing showing in the Iowa caucuses, Mr. Carson never seemed to regain his political footing. In the round of Super Tuesday contests Tuesday, his hopes for a strong performance in the South faltered, as he ran a distant fourth or fifth in every state.

“I do not see a political path forward in light of last evening’s Super Tuesday primary results,” Mr. Carson said in a statement. “However, this grassroots movement on behalf of ‘We the People’ will continue.”

“I appreciate the support, financial and otherwise, from all corners of America,” Mr. Carson said. “Gratefully, my campaign decisions are not constrained by finances; rather by what is in the best interests of the American people.”

TNT

 
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Posted by on March 2, 2016 in Black Conservatives, The Clown Bus

 

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Clown Bus Update Post Iowa

Huckabee, O’Malley …Done.

Walker Hits Wall

Perry Hits Wall

Webb-Sylvester

Smoked!

Graham Boom

Pataki Crash

Huckabee

 

O'Malley Iowa

Carson Iowa

 
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Posted by on February 2, 2016 in The Clown Bus

 

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Clown Bus Update – Pataki Hits the Wall

Walker Hits Wall

Perry Hits Wall

Webb-Sylvester

Smoked!

Graham Boom

Pataki Crash

George Pataki Drops Out Of 2016 Presidential Race

Former New York Gov. George Pataki (R) announced Tuesday that he is dropping out of the race for the 2016 Republican presidential nomination, bringing the once 17-member GOP field to 12 candidates.

Pataki announced his decision Tuesday evening in a TV spot airing on NBC affiliates in the three early caucus and primary states: Iowa, New Hampshire and South Carolina…

Pataki, 70, who served as governor of New York from 1995 to 2006, had dismal poll numbers, struggled to raise money and failed to gain traction throughout his campaign. He never made it to the main stage during any of the Republican presidential primary debates.

Pataki was a more establishment-minded candidate among the pack of Republican presidential rivals. He supported abortion rights, gay rights and gun control.

He also took a somewhat progressive stance on climate change. “There’s no question that human CO2 emissions are contributing, in some way,” he said during an interview with ABC News in October. “And to the extent it’s consistent with a strong economy and a strong America, we should be taking steps to help the future generation deal with that.”

 
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Posted by on December 30, 2015 in The Clown Bus

 

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“Al Green Hot Grits” Treatment for Philanderers… Cain Drops Out

Well…Looks like Cain talked to the little lady.

Once all the ugliness is done of having ended his campaign, he can come on home…

Sit in the Hot Tub with his favorite single malt, and let it all wash away…

While Gloria puts his favorite music on the stereo, and fixes him up with some of that home cookin’…

Starting with a big ol’ pot of hot grits!

Cain suspends campaign

Herman Cain said Saturday that he is suspending his bid for the Republican presidential nomination, choosing to end his campaign after weathering weeks of scrutiny over alleged sexual misconduct and accusations of an extramarital affair.

“As of today, with a lot of prayer and soul searching, I am suspending my presidential campaign,” Cain said at an appearance outside his campaign headquarters in Atlanta. “I am suspending my presidential campaign because of the continued distraction, the continued hurt caused on me and my family. Not because we are not fighters.”

Cain said he’s launching a “plan B” of his public career, a new policy-oriented website called TheCainSolutions.com. He said he will endorse a Republican candidate for president “in the near future.” His announcement could lead to the effective end to his campaign, but technically leaves open the option of reviving his bid for the presidency.

“I am not going to be silenced, and I am not going away,” he defiantly told disappointed supporters.

Those hot grits hit your ass, Herman… You WILL be suspending your philandering ways!

 

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More Republican Heartburn – Obama Announces Iraq Exit

Fresh on the heels of a resounding victory for Prescient Obama’s foreign policy approach in the overthrow of Ghadaffi by his fellow Libyans yesterday…

Obama lives up to his promise to get us out of Bush’s unnecessary war in Iraq.

Just for those keeping score –

Democrats – $1 billion, less than 6 months, no American Casualties, Ghadaffi dead

Republicans – $3 trillion, 8 years, 5000 American killed, Saddam hung, a broken American economy, and still no WMDs

Obama announces end of Iraq war, troops to return home by year end

President Obama announced Friday that the United States will withdraw nearly all troops from Iraq by the end of the year, effectively bringing the long and polarizing war in Iraq to an end.

“After nearly 9 years, America’s war in Iraq will be over,” said Mr. Obama.

He said the last American troops will depart the country by January 1 “with their heads held high, proud of their success, and knowing that the American people stand united in our support for our troops.”

“The transition in Afghanistan is moving forward, and our troops are finally coming home,” he added, saying in the White House briefing room that U.S. troops “will definitely be home for the holidays.”

A bit of meorabilia from the “Great War”. James Cagney as George M. Cohen in the Movie “Yankee Doodle Dandy”, and the hit song  “Over There”. Another time…

 

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A Parting of the Shills – Glenn Beck and Fox News

Beck off to a New Padded Room?

It is looking more and more like the combination of Color of Change’s boycott, and an incredible amount of hubris on the part of Glenn Beck…

That come the end of the year, Mr Beck will no longer have a slot on Faux News.

This follows his radio cancellation in two of the largest markets in the country – New York and Philadelphia.

There may yet be a small measure of justice in the conservative MSM!

The Fading Power of Beck’s Alarms

Almost every time I flipped on television last week, there was a deeply angry guy on a running tirade about the conspiracies afoot, the enemies around all corners, and how he alone seemed to understand what was under way.

While it’s true that Charlie Sheensucked up a lot of airtime last week, I’d been watching Glenn Beck, the Fox News host who invoked Hezbollah, socialists, the price of gas, Shariah law,George SorosPlanned Parenthood, and, yes, Charlie Sheen, as he predicted a coming apocalypse.

Mr. Beck, a conservative Jeremiah and talk-radio phenomenon, burst into television prominence in 2009 by taking the forsaken 5 p.m. slot on Fox News and turning it into a juggernaut. A conjurer of conspiracies who spotted sedition everywhere he looked, Mr. Beck struck a big chord and ended up on the cover of Time magazine and The New York Times Magazine, and held rallies all over the country that were mobbed with acolytes. He achieved unheard-of ratings, swamped the competition and at times seemed to threaten the dominion of Bill O’Reilly and Sean Hannity at Fox.

But a funny thing happened on the way from the revolution. Since last August, when he summoned more than 100,000 followers to the Washington mall for the “Restoring Honor” rally, Mr. Beck has lost over a third of his audience on Fox — a greater percentage drop than other hosts at Fox. True, he fell from the great heights of the health care debate in January 2010, but there has been worrisome erosion — more than one million viewers — especially in the younger demographic.

He still has numbers that just about any cable news host would envy and, with about two million viewers a night, outdraws all his competition combined. But the erosion is significant enough that Fox News officials are willing to say — anonymously, of course; they don’t want to be identified as criticizing the talent — that they are looking at the end of his contract in December and contemplating life without Mr. Beck.

 

 
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Posted by on March 7, 2011 in Faux News

 

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