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Remember this article from The Hill, about a split in the Obama administration on Social Security reform? Social Security reform is splitting President Obama’s economic and political advisers. Obama is being pulled in opposite directions by those whose priorities are fiscal and those whose No. 1 concern is electoral Treasury Secretary Timothy Geithner, National Economic Council Director Gene Sperling and Sperling’s deputy, Jason Furman — leading figures in the president’s economic team — are pressing Obama to cut Social Security benefits if necessary, say sources familiar with their positions. But Obama’s political team, led by David Axelrod, David Plouffe and Jim Messina, are urging the president to understand that backing benefit cuts could prove disastrous to his 2012 reelection hopes, sources say. The political team is winning the argument so far, but internal debate rages at the White House as Republicans in Congress insist sweeping efforts to restore government finances must include Social Security reform. “Gene Sperling and Jason Furman and some of the Treasury people started with the posture that we’re the best people to reform Social Security — that was when the Democrats had a majority in both houses of Congress,” said a Democratic policy expert who has met Obama’s economic policy team over the past two years. “The same people have continued to make that argument even as they’re now responding to conservatives who are stronger in the Congress,” the source, who strongly opposes benefits cuts, told The Hill. “There are two camps,” the source added. “One camp wants to be able to throw a bone to Republicans and some [centrist] Democrats. “The political people would prefer not to be accused of being the party that cuts Social Security in those ways. Some political people would like to see the president out there defending the program and making the case that it has nothing to do with the deficit.”… read on Every poll shows quite clearly that even Republican voters do not want a cut in these benefits. If Sperling’s argument is about reforming Social Security and Medicare without taking away from them, then OK, but that’s not what I’m reading here. Do these creatures only listen to Villager gasbags who want working-class Americans to be the only people to “share” the sacrifice and suffer in America after Wall Streeters and their partners caused the Great Recession? Guess who won? President Obama will deliver a major speech this week about plans to reduce federal budget deficits and long-term debt, senior adviser David Plouffe said this morning. “He’s going to lay out his approach very clearly,” Plouffe said on CNN’s State of the Union , one of a string of Sunday talk show appearances he made. Obama will address cuts to defense and domestic spending, as well as what to do with the growing entitlement programs of Medicare, Medicaid and Social Security, Plouffe said. He will talk about “dollar amounts” over “a period of years.” “We have got to make sure that we are taking a balanced approach to this,” Plouffe said. The president’s deficit speech is set for Wednesday. It comes as the nation is set to hit its $14.3 trillion debt ceiling in mid-May. It’s interesting that Plouffe didn’t want this to happen, but he was put on the Sunday talk-show circuit to be the one to tell us about Obama’s upcoming speech. If the President approaches it with no cuts to Social Security, Medicare and Medicaid and actually frames the debate by demonstrating that Paul Ryan’s ludicrous budget plans are in fact ludicrous, then it may not be as bad I think it will be. But I don’t have much faith in that, now that more information has been released on the budget deal . Also, once he sets out his plans for what appears to be austerity, then I’d calculate that it’ll be at least 50% worse than what he’s going to propose nationally, since they terribly negotiated the 2011 budget. Steve Benen says as much: But then there’s the flip side. Once Democrats commit to systematic debt reduction as policymakers’ principal goal — as opposed to, say, economic growth — it sets the terms of the debate. The unyielding dynamic locks everyone into answering the same question: how do we tackle the deficit and the debt? That’s the question Republicans (and much of the media) want as the central focus, but there are more pertinent and important questions that should be prioritized, such as, “How about a jobs plan to reduce unemployment?” Or maybe, “How will taking money out of the economy and reducing public investment lead to more growth?” What’s more, it also sets baselines for a “compromise.” If Obama presents a credible vision for long-term debt reduction this week, we’ll have one pillar, which will serve as a counterweight to Paul Ryan’s radical House budget plan presented a few days ago. But a moderate counterweight may not be wise — if recent history is any guide, negotiations will produce a deal that’s somewhere between them. In this case, that’d be a disaster. Even halfway to Ryan’s roadmap would destroy much of the modern American social compact, and prove devastating to the middle class. mcjoan of DKos explains: With Republicans coming off of their big win Friday night, with an additional $6.2 billion more in cuts than they went into the negotiations asking for, it’s hard to see getting out of the budget and debt ceiling negotiations with Medicare and even Social Security largely intact. Now that Obama is offering up Medicare, well, get that spare bedroom ready for the parent or grandparents. But in case the administration really wants to think about some policy alternatives to save Medicare and Medicaid some money, they might start with breaking the the policy they helped kill during the Affordable Care Act negotiations. It’d be a start. Paul Krugman writes : You might have expected the president’s team not just to reject this proposal, but to see it as a big fat political target. But while the G.O.P. proposal has drawn fire from a number of Democrats — including a harsh condemnation from Senator Max Baucus, a centrist who has often worked with Republicans — the White House response was a statement from the press secretary expressing mild disapproval. What’s going on here? Despite the ferocious opposition he has faced since the day he took office, Mr. Obama is clearly still clinging to his vision of himself as a figure who can transcend America’s partisan differences. And his political strategists seem to believe that he can win re-election by positioning himself as being conciliatory and reasonable, by always being willing to compromise. But if you ask me, I’d say that the nation wants — and more important, the nation needs — a president who believes in something, and is willing to take a stand. And that’s not what we’re seeing. Wednesday is his chance to lead.

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Progressive Caucus Budget: Truly Courageous and Serious

Click here to view this media While the media go on and on about how Paul Ryan’s budget is so serious and courageous that the President “must respond” to it (see the clip above where Fox’s Stuart Varney employs the ‘crisis’ budget strategy), a truly progressive proposal has been released. Unlike Ryan’s proposal, which takes us all the way through 2040 before the deficit is eliminated, this budget puts us on solid footing by 2021, with a fully balanced budget by 2014. Here are some specifics: The CPC proposal (PDF) • Eliminates the deficits and creates a surplus by 2021 • Puts America back to work with a “Make it in America” jobs program • Protects the social safety net • Ends the wars in Afghanistan and Iraq • Is FAIR (Fixing America’s Inequality Responsibly) What the proposal accomplishes: • Primary budget balance by 2014. • Budget surplus by 2021. • Reduces public debt as a share of GDP to 64.4% by 2021, down 16.9 percentage points from a baseline fully adjusted for both the doc fix and the AMT patch. • Reduces deficits by $5.7 trillion over 2012-21 • Both outlays and revenue equal 22.3% of GDP by 2021 Real courage involves raising taxes and explaining that we can’t pay for wars without a cost attached. Real courage involves protecting our most vulnerable and asking those with much to give a fair share. This budget is a courageous budget. Not Ryan’s. Yet, there hasn’t been so much as a peep from the mainstream media about this alternatives. Gosh, I wonder why not.

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President Obama and Altruistic Militarism

Article by WorldNews.com Correspondent Dallas Darling. al-tru-is-tic (n.) 1. Unselfish concern for the wellbeing of others. 2. The belief that acting for the benefit of others is right and good.(1) mil-i-ta-rism (n.) 1. Pursuit of military aims or the celebration of military ideals. 2. Strong influence of military on government policies of a country or state. 3. The predominance of the professional military class in state affairs. 4. To impart militarism. (2) President Barack Obama’s announcement that America’s military mission in Libya has already saved “countless” civilian lives, was mindful of what Edward Wilson, a Pulitzer winner and renowned Sociologist, wrote in On Human Nature: “We…

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President Obama and Altruistic Militarism

Article by WorldNews.com Correspondent Dallas Darling. al-tru-is-tic (n.) 1. Unselfish concern for the wellbeing of others. 2. The belief that acting for the benefit of others is right and good.(1) mil-i-ta-rism (n.) 1. Pursuit of military aims or the celebration of military ideals. 2. Strong influence of military on government policies of a country or state. 3. The predominance of the professional military class in state affairs. 4. To impart militarism. (2) President Barack Obama’s announcement that America’s military mission in Libya has already saved “countless” civilian lives, was mindful of what Edward Wilson, a Pulitzer winner and renowned Sociologist, wrote in On Human Nature: “We…

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‘SNL’ Mocks ‘Fox <![CDATA[&]]> Friends’ Coverage Of Government Shutdown (VIDEO)

What will ‘Fox & Friends’ Monday-morning coverage of the near government shutdown look like? According to the show’s tagline, it will involve “coffee, smiles, fear and terror.” When you set out to mock a show that already mocks itself so well, there’s only so much you can do. But the ‘SNL’ cast did a good job of giving the real Steve Doocy, Gretchen Carlson and Brian Kilmeade a run for their money. Kilmeade (Bobby Moynihan) is practically gleeful when he notes that he’s just assuming that this would have been the first government shutdown in the history of our country, and Carlson’s (Vanessa Bayer) indictment of the kid on “Modern Family” as being evidence that fat Mexicans are taking the jobs of American kids thanks to Michelle Obama’s healthy eating program is ‘Fox & Friends’ logic at its finest. Once the jobs issue enters the discussion, the trio go to an interview with an isolationist “border war expert” played by Helen Mirren. Watching Mirren attempt to mask her refined British accent under a Texan drawl to talk about reverse anchor babies is delightful in and of itself. WATCH:

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Wisconsin Election Bombshell: How Plausible?

UPDATE: 11:20 p.m. — Perhaps the most convincing evidence so far that human error explains the initial omission of Brookfield’s results comes from our colleagues at the Brookfield Patch. On election night, they reported a vote total for Brookfield that exactly matches the vote total Kathy Nickolaus did not include in the County level count until Thursday. As Joe Petrie and Lisa Sink of the Brookfield Patch reported on Thursday (via Mickey Kaus): On election night, the City of Brookfield reported that Prosser received 10,859 votes from city residents, or 76 percent of the vote, compared to the 3,456 votes cast for challenger JoAnne Kloppenburg. The Brookfield Patch reported those numbers in a story with chart posted about 12:30 a.m. election night. [Brookfield City Clerk Kristine] Schmidt said her office also posted the results on the city’s web site before going home on election night. WASHINGTON — Faith in America’s electoral-tabulation processes took a hit late this week when a Wisconsin county clerk who announced a bombshell correction: nearly 15,000 missed votes, which dramatically upended the state’s supreme court race. The clerk described her mistake as “human error … which is common in this process.” While an ongoing review by state election officials will ultimately provide the best evidence, both turnout statistics and historical precedent generally support her claim. Unofficial tallies for Tuesday’s special election gave Democratic-backed challenger JoAnne Kloppenberg an extremely slim lead over incumbent Wisconsin Justice David Prosser — just 204 votes out of nearly 1.5 million cast. But on Thursday, Waukesha County Clerk Kathy Nickolaus announced that the early counts had missed roughly 15,000 votes, mostly due to the omission of the entire city of Brookfield. Kloppenberg’s revision put Prosser ahead by 6,744 votes, leaving Kloppenberg hard-pressed to catch up. Reviews of the election turnout statistics by Craig Gilbert of the Milwaukee Journal Sentinel and by FiveThirtyEight’s Nate Silver show that the revised Waukesha results appear more plausible than those initially reported. As Gilbert wrote, the addition of nearly 15,000 votes “puts that county’s turnout rate more in line with the neighboring GOP strongholds of Ozaukee and Washington counties.” The Huffington Post created the following chart, which compares the turnout in last year’s general gubernatorial election to that from last week: Wisconsin Voter Turnout Plot 1 Powered by Tableau Statewide turnout was lower for last week’s special election than in November’s election, but the level of turnout correlates strongly within individual counties. That’s why the circles in the chart form a diagonal line (Each circle represents an individual county, and the size of each circle represents its number of registered voters). But the originally reported Tuesday turnout for Waukesha County was lower than the its 2010 vote totals would have suggested. The new votes added in the revised count brings the county’s turnout number for this week more closely into line with the statewide pattern. Wisconsin Democrats have expressed doubt about Nickolaus’ claims, given her longstanding ties to the state GOP. She worked for the Wisconsin Republican Caucus for 13 years, including the period during which Prosser served as minority leader and speaker in the state Assembly. State election officials have questioned the delay in reporting the error and are reviewing the Waukesha County results. Ultimately, the best evidence will come from the poll books that poll workers use to record whether a voter has cast a ballot and, in the event of a recount, from the actual ballots. University of Wisconsin political scientist Charles Franklin (who co-founded Pollster.com, the forerunner of HuffPost Pollster) lent credence to Nickolaus’ amended results, however, arguing that Waukesha County’s vote “appears to be corroborated by reports from the city on election night, by a Democratic election official and by the plausibility of the corrected data.” So just how common is this the sort of error that Nickolaus claims she made on election night? Michael McDonald, a George Mason University professor who studies voter turnout and closely monitors election results, said they are “not uncommon … we see these sorts of errors happen all the time.” Recent history bears him out: In the 1988 Democratic primary in Delaware, a keypunch error gave Samuel Beard 2,800 votes more than he received in a race against incumbent Lt. Gov. S.B. Woo. Although Beard had claimed victory, the error was not discovered until two days after the primary and reversed its result, putting Woo ahead by just 71 votes. The initial count in New York’s 2001 Democratic mayoral primary gave Mark Green a roughly 30,000-vote lead over Fernando Ferrar, but an “official machine count” conducted a week later reduced that margin by 18,029 votes after election officials discovered 42,000 votes that had been counted twice. The final official count narrowed Green’s margin to just 15,981 votes. Unofficial returns in the 2002 Alabama governor’s race showed incumbent Democrat Don Siegelman narrowly defeating Republican challenger Bob Riley. But a late-night recount conducted by Republican officials in Baldwin County revealed what they described as a “computer glitch” that gave Riley a statewide lead of 3,195 votes. Although Democrats suspected foul play — the recount had occurred after Democratic party observers had gone home for the night — Siegelman ultimately dropped efforts to obtain a statewide recount. Folllowing New York’s 2008 presidential primary, a New York Times review found “about 80 election districts among the city’s 6,106 where Mr. Obama supposedly did not receive even one vote, including cases where he ran a respectable race in a nearby district.” A formal review later found hundreds of small anomalies in vote reporting in individual districts. The Times reported election lawyers representing both Barack Obama and Hillary Clinton agreeing that it is “not uncommon” to see such mistakes “made by weary inspectors rushing on election night to transcribe columns of numbers.” Similarly, high-profile recounts in the 2008 Minnesota Senate race, the 2004 Washington governor’s race and in the 2000 presidential race in Florida have exposed similar examples of human error in the initial tallies. McDonald said we are “blissfully unaware” of small election-night mistakes in most cases “because you had a definitive winner and the election result is not changed … It’s only on these close races where these warts are exposed.” McDonald said he has found discrepant numbers even in the final certified results. “I’ll go back and ask the election officials why the numbers don’t add up, and they’ll say, ‘Oh, we made an error,”” he said. Since correcting such errors requires action by a court, he said, “election administrators will generally just let those errors persist” as long as they do not affect the election outcome. “If you’re a pollster,” McDonald added, “you talk about the margin of error. People who delve into election administration often talk about the ‘margin of the election.’” If we ignore that potential for error, he warns, we “probably have unrealistic confidence about how human beings actually do large, complex tasks.” [Correction: The original version of this story incorrectly characterized the procedure used to record whether an individual registrant has voted. In Wisconsin, poll books are used by poll workers to record whether individuals have voted, but voters do not sign in.]

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Jamie Dimon, JPMorgan Chief, Gets A $19 Million Raise

NEW YORK (By By Clare Baldwin and Jonathan Stempel) After piloting the No. 2 U.S. bank through the financial crisis relatively unscathed, JPMorgan Chase & Co Chief Executive Officer Jamie Dimon is now being extremely well rewarded. Dimon’s total compensation jumped nearly 1,500 percent to $20.8 million in 2010 from $1.3 million a year earlier, based on the U.S. Securities and Exchange Commission’s compensation formula, a regulatory filing showed. Dimon did even better in terms of the value of money and shares actually received: his salary, bonus and stock and options from grants made largely in previous years that were actually exercised in 2010 were worth around $42 million. By way of comparison, real median U.S. household income was just $49,777 in 2009, according to the U.S. Census Bureau. Large pay packages for bankers who oversaw transactions that brought the world economy to the brink of collapse in 2008 have become a flash point for investors. Anger has eased, but banker pay remains a sensitive issue, especially toward lenders that took taxpayer bailout money. Many analysts view JPMorgan as the healthiest of the largest U.S. commercial banks, having skirted the worst of the credit losses that hurt many rivals including Bank of America Corp and Citigroup Inc. They credit the 55-year-old Dimon, who became chief executive on December 31, 2005, for having enabled JPMorgan to quickly repay its $25 billion of bailout money. JPMorgan is also one of the first big banks to raise its dividend after passing a second Federal Reserve “stress” test. However, Dimon has criticized regulatory reforms by the Obama administration, saying they could crimp growth. In his annual shareholder letter posted on the bank’s website, Dimon said JPMorgan could earn $22 billion to $24 billion in a “more normal” environment, up from $17.4 billion in 2010. He said profit has fallen short because mortgage losses have been “extraordinarily high,” at $4 billion a year and that such losses will remain “elevated” for a while. THREE YEARS TO SELL HOME Dimon’s 2010 salary remained at $1 million. He was also awarded a $5 million bonus, nearly $8 million in stock awards and $6.2 million in option awards, according to the SEC’s compensation formula. His 2010 compensation also included $579,624 worth of perks, including $421,458 of “moving expenses,” $95,293 to use company aircraft and $45,730 for personal automobile use. Most of the rest went toward home security. Like many Americans who have had trouble selling their homes, Dimon did too. The moving expenses relate to the sale in 2010 of Dimon’s Chicago-area home, in which he had lived while heading Bank One Corp that was sold to JPMorgan in 2004. Dimon put the home up for sale in 2007 when his family moved to New York. Dimon’s total compensation in 2010 fell short of the $35.8 million he was awarded in 2008, according to the SEC formula. Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw compensation jump to $14.1 million in 2010 from $1 million, another regulatory filing shows. Other bank CEOs had lower compensation in 2010. Wells Fargo & Co’s John Stumpf saw compensation fall to $19 million from $21.3 million. Bank of America’s Brian Moynihan saw compensation fall 70 percent to about $1.9 million, although in early 2011 he got a $9.1 million bonus. Citigroup CEO Vikram Pandit’s compensation was $1 in 2010, but his salary alone has risen to $1.75 million in 2011. JPMorgan shares closed down 0.5 percent at $47.40 on the New York Stock Exchange on Thursday. (Reporting by Clare Baldwin and Jonathan Stempel; editing by Tim Dobbyn, Martin Howell and Dhara Ranasinghe) Copyright 2010 Thomson Reuters. Click for Restrictions.

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We’ve all heard the complaints: America’s the land of lawsuits, the kind of place that has to label its coffee with “Warning: Hot!” But Cracked takes a second look at the frivolous lawsuits of legend: Woman sues McDonald’s for millions … because her coffee was hot . The coffee she spilled was…

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Reasonably astute readers will catch the falsehoods and fallacies inherent in the following statement made by President Obama last Wednesday at the town hall meeting held in Fairless Hills, Pennsylvania: But here’s the thing about oil. We have about 2, maybe 3 percent of the world’s proven oil reserves; [1] we use 25 percent of the world’s oil. [2] So think about it. Even if we doubled the amount of oil that we produce, we’d still be short by a factor of five. [3] The average Associated Press or other apparatchik following Obama has apparently given these statements little if any thought, simply assuming that they're “obviosuly” true. Each of the President's three key number-tagged statements is either demonstrably false or seriously misleading. Each is badly in need of a specific refutation. [1] — We have about 2, maybe 3 percent of the world’s proven oil reserves . The President is wrong on this one, but in a direction that would appear to reinforce his ultimate point. The 2010 CIA Factbook, which is based on data as of the end of 2009, says that proven reserves in the U.S. amount to 19.12 billion barrels . Wikipedia's related link calculates the percentage of worldwide proven reserves correctly at 1.37%, which places the U.S. fourteenth in the world. The proven reserves figure is lower than the 22.3 billion barrels published by t he U.S. Energy Information Administration (EIA) in November 2010. The higher figure only changes the worldwide share to about 1.6%. But Jeff Dunetz at BigGovernment.com (and many others, I'm sure) point out that proven reserves is not the correct frame of reference in measuring truly available resources: The number is America’s proven reserves where we are already drilling. It does not include the 10 billion barrels available in the Arctic National Wildlife Refuge. It does not include most of the 86 billion barrels available offshore in the Outer Continental Shelf, most of which President Obama has placed under an executive drilling ban. And it does not include the 800 billion barrels of oil we have locked in shale in Wyoming, Utah, and Colorado. Those shale resources alone are actually three times larger than the proven reserves of Saudi Arabia, so the claim that the U.S. only has 2% of the world’s oil is clearly false. In the sense that Obama defenders can say “Well, he was talking about proven reserves,” Obama is technically correct. But in context, Obama is trying to convince Americans that the rest of the world has 30-50 times more oil than we do and that we therefore can't possibly produce our way out of our current situation. That just isn't so, especially when one realizes that the correct figure for shale oil alone may be more like 2.5 trillion barrels instead of Dunetz's 800 billion barrels (though I'm not clear on its degree of recoverability). [2] — We use 25 percent of the world’s oil. That was the big campaign theme in 2008, wasn't it? We have only 5% of the population greedily burning through 25% of the world's oil. It's just so unfair. Well, the percentage has gone down: An article at Rittholtz.com berates the U.S. for consuming 25% of the world's oil production. But the actual numbers on the map shows the U.S. consuming 18.686 million barrels a day, with the world consuming 84.077 million. Uh, that's actually 22.2%. These numbers agree to those found in a spreadsheet I found at BP's web site here . 2010 U.S. consumption averaged about 19.145 million barrels today, per Table 4A at the EIA's March 2011 Short-Term Energy Outlook ( large PDF ). Table 3A at the same link shows worldwide consumption as average of 87.18 million barrels during 2010. U.S. consumption was 21.96% of worldwide consumption. From the same report as in the previous bullet, project 2011 U.S. daily consumption is 19.28 million barrels. Worldwide, it's 88.2 million. That works out to 21.86%. All three percentages are closer to 20% than 25%, eliminating any potential “well, we were just rounding up” excuse. The President, who is supposed to be up on these things, doesn't get the benefit of the doubt on this one. He's relying on old data, and should stop using the 25% canard; the press should stop assuming the canard is true. [3] — Even if we doubled the amount of oil that we produce, we’d still be short by a factor of five. This is by far the biggest howler of the bunch, and is easily disproven. Obama's math-challenged calculation simply multiplies the proven reserves number of “2%-3%” by two to arrive at roughly 5%, and then claims that this result is only one-fifth of our 25% share of world consumption. Thus, we're supposedly “short by a factor of five.” Lord have mercy. Let's look at some real numbers: As seen above, our 2009 daily consumption was 18.686 million barrels. A preliminary EIA document for that year

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Long Island Serial Killer

Hunt for NY Serial Killer Stretches to Atlantic City Long Island serial killer? Police return to location of 8 bodies (video Update) LONG ISLAND SERIAL KILLER – VICTIM’S BODY IDENTIFIED – THORNE (1.19.11) Long Island Serial Killer | Associated Post – United States America Long Island Serial Killer , Police are considering the possibility that the serial killer who has dumped at least eight bodies along a long beach barrier island may be an ex-cop or other law officer, the police learn that case. … Police: Long Island Serial Killer May Be Ex-Cop | Justags News The Long Island serial killer who has dumped up to eight bodies along a Long Island barrier beach may be an ex-cop or other law officer according to law. Long Island Serial Killer : Search Presses On In New York | FuN … OAK BEACH, N.Y. — While investigators scour miles of desolate New York beachfront from the tops of fire trucks and map plans for officers to traverse a. NEWSFLARE » Blog Archive » Long Island Serial Killer : Search … Long Island Serial Killer : Search Presses On In New York. April 10th, 2011 Posted in Entertainment. OAK BEACH, N.Y. — While investigators scour miles of desolate New York beachfront from the tops of fire trucks and map plans for … Long Island's Serial Killer Is a Little Too Smart [Crime … Long Islands Serial Killer Is a Little Too Smart [Crime]. PicheStanton882 says: Police Think Long Island Serial Killer May Be Ex-Law Enforcement – Fox News http://bit.ly/dFfRZo

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