Rush Limbaugh denies the Rumors that Cumulus Media plans to drop his show

7/29/13 - Rush Limbaugh began his radio show Monday morning by addressing the news that Cumulus Media, the second-biggest radio broadcaster in the country, plans to drop his show from its stations by the end of the year. Limbaugh assured his readers that "nothing is going to change" in terms of their ability to hear him every morning. "There was another POLITICO story that ran last night on this program," Limbaugh began, referring to Dylan Byers' report. "Someday, I am looking forward to detailing all of this for you," Limbaugh continued, but for now he said he "must use proper business restraint."

"Suffice it to say, nothing is going to happen that you will notice," he reported. "Nothing is going to change. You will be able to get this radio program on as many, if not more radio stations down the road than it is on now."

Much in the same way that Mediaite's Noah Rothman laid out this morning why the host "is not going anywhere," Limbaugh said this story amounts to nothing more than a "public business negotiation."

"I just want to assure you," Limbaugh concluded, "everything's cool."

Notably, Limbaugh couched his language with enough loopholes so that if that report that Cumulus is dropping his show turns out to be true, he could still be right that "you will be able to get this radio program" on as many stations as you can now. As for whether listeners will "notice" the change, if other stations end up picking up his show, listeners will still be able to hear it, but they may have to program a new station on their radio.

Congress Closing Tax Loopholes in a Safe ???

The Government is taking aim at tax loopholes and Americans who hide money offshore as part of a bid to boost its revenue base. This is just stupidity and classic political BS. Make it look like you're doing something while you basically give the rich guys another free pass.
Now the government is really scrapping the barrel to find any money. Sometimes I feel like they can tax us 100% and it still wouldn't be enough. I Don't have a problem paying taxes I just hate being "shaken" down by the tax man and then see or hear about money being wasted. I'd rather pay less tax, use less government services and save the little extra to take care of myself. But hey, I'm a nobody citizen so I don't get much say where the tax monies go. I remember my grandfather saying politicians used to buy votes with a bottle of whiskey. Prices have increased quite a bit.

Shadow Banking System & Government ~ Who is really in charge?

The financial intermediaries involved in facilitating the creation of credit across the global financial system, but whose members are not subject to regulatory oversight. The shadow banking system also refers to unregulated activities by regulated institutions.
Examples of intermediaries not subject to regulation include hedge funds, unlisted derivatives and other unlisted instruments. Examples of unregulated activities by regulated institutions include credit default swaps.

The shadow banking system has escaped regulation primarily because it did not accept traditional bank deposits. As a result, many of the institutions and instruments were able to employ higher market, credit and liquidity risks, and did not have capital requirements commensurate with those risks. Subsequent to the subprime meltdown in 2008, the activities of the shadow banking system came under increasing scrutiny and regulations.