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Business/Economy (Bloggers & Personal)

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  • Jobless Claims Rise 13,000, Weather Warms and IMF’s Lagarde Has Her Hand Out for More USA Gruel

    04/12/2012 9:14:20 AM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 04/12/2012 | Anthony B. Sanders
    April 12 (Bloomberg) — More Americans than forecast filed claims for jobless benefits last week, a sign the pace of improvement in the labor market is slowing. Jobless claims increased 13,000 in the week ended April 7 to 380,000, the highest since Jan. 28, the Labor Department reported today in Washington. The median forecast in a Bloomberg News survey called for 355,000 claims. The number of people on unemployment benefit rolls and those receiving extended payments declined. On a non seasonally adjusted basis, oops! On the positive side, continuing jobless claims dropped on a SA basis. As my friend Rebel...
  • Video Shows President Obama, Top Politicians Praising Failed Green Company

    04/12/2012 7:42:25 AM PDT · by MichCapCon
    Capitol Confidential ^ | 4/9/2012 | Tom Gantert
    A video that has gone virtually unseen highlights the high-powered political rhetoric and unrealized promises put forth by President Barack Obama and Michigan’s top Democratic politicians regarding the heavily subsidized and now-troubled A123 Systems battery manufacturer. CLICK THE ARTICLE FOR THE VIDEO The video, which had just over 600 views since it was posted in Oct. 2010 on YouTube, has Obama, U.S. Secretary of Energy Steven Chu, former Michigan Gov. Jennifer Granholm and U.S. Senators Carl Levin and Debbie Stabenow singing the praises of the now-troubled advanced battery manufacturer A123 Systems. A123 Systems, which opened its lithium-ion battery manufacturing plant...
  • The Mass Failing of 'Corporate Welfare' In Michigan

    04/12/2012 6:03:56 AM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 4/12/2012 | Jarrett Skorup
    The failure of high profile “green energy” firms with the loss of hundreds of millions of taxpayer dollars has made national headlines in recent months. Companies like Solyndra, Beacon Power and Solar Trust have become household names as a result. Less well-known are similar failures right here in Michigan, costing state taxpayers millions. Ironically, the state government agency responsible for much of this waste has created a one-stop source documenting the hype and failed promises that have become the hallmark of such adventures. Michigan Advantage is the (now-defunct) YouTube channel for the Michigan Economic Development Corp. The intention is to...
  • DEAR MCDONALD'S

    04/11/2012 10:14:16 PM PDT · by SaveOurRepublicFromTyranny · 13 replies
    THE FREEDOM POST ^ | April 11, 2012 | Matthew Burke
    Below is a letter I sent to directly to the McDonald's Corporation, after learning about their decision to cut ties with the American Legislative Exchange Council, or ALEC. It's high time conservatives show McDonald's, and any other company that surrenders to the threats of radical leftist groups, that we are the majority and companies who cowardly cave-in to groups who seek to destroy the very system they thrive under (free market capitalism), will pay a heavy price. We will withhold our business and reward their competitors. McDonald's has made their choice. Now we must make ours! #war...
  • California Businessman Applies To Trademark The Phrase ‘I Believe You Zimmerman’

    04/11/2012 9:57:20 PM PDT · by 2ndDivisionVet · 5 replies
    Mediaite ^ | April 11, 2012 | Jon Bershad
    A few weeks ago, news broke that Trayvon Martin’s mother had applied to trademark the phrases “Justice for Trayvon” and “I Am Trayvon.” The news seemed to garner a mixed reaction. Some people found it slightly distasteful, while others saw it as both a way for a woman to gain any kind of restitution following an unspeakable tragedy as well as stopping others from misusing her son’s memory. Now, news has broke that some guy completely unrelated to the case has trademarked the phrase “I believe you Zimmerman.” In response to this news, some people found it to be a...
  • Obama's 'deficit reduction' plan = He can only contain his inner Lenin for so long

    04/11/2012 5:44:45 PM PDT · by Starman417 · 3 replies
    Flopping Aces ^ | 04-11-12 | DrJohn
    The real Vladimir Ilyich Obama stands up As part of his fantasy "deficit reduction" plan, Barack Obama proposed a number of new taxes. One of them was the so-called "Buffett Rule." When it was initially proposed, it was part of the plan to reduce the deficit. 'Buffett rule'President Obama "Middle-class families shouldn't pay higher taxes than millionaires and billionaires," he said. "It's hard to argue against that." Mr Obama suggested a "Buffett rule", which would see Americans who earn more than $1m pay the same rate of tax as those who earn less. The proposal refers to billionaire financier Warren...
  • What did pass the Maryland General Assembly

    04/11/2012 5:15:04 PM PDT · by Tolerance Sucks Rocks · 3 replies
    The Washington Post ^ | April 10, 2012 | Greg Masters
    Although negotiations over a package of tax increases and a proposed casino collapsed Monday night, the Maryland General Assembly passed a lot of bills this session — 791, to be exact. Of those, 96 percent were passed in the last week, including hundreds in the hours and minutes before midnight on Monday. Here are some highlights from the 90-day session’s last day: STORMWATER FEE The Senate spent much of the session’s waning hours fiercely debating a stormwater fee bill that was on few people’s radar earlier in the session. The bill requires localities to fund projects to reduce polluted runoff...
  • LET's FACE IT - YOU CAN'T TAX THE RICH

    04/11/2012 5:01:24 PM PDT · by zencycler · 23 replies
    Self - Vanity | 4/11/12 | self
    LET'S FACE IT - YOU CAN'T TAX THE RICH. ....I'm waiting for the politicician who can clearly and effectively communicate this simple economic truth. If we define "rich" as those persons who run businesses which ultimately control the wages earned and prices paid by the non-rich, then ALL government costs will, in one way or another, get passed on to those who do not have this control. They - the non-rich - will either pay this cost directly in the form of taxes, or indirectly (passed on) in the form of higher costs and/or lower wages. To Illustrate: I am...
  • We Need Gold Standard to Stabilize Dollar

    04/11/2012 3:04:03 PM PDT · by SaveOurRepublicFromTyranny · 17 replies
    MoneyNews.com ^ | April 9, 2012
    The dollar has lost 85 percent of its purchasing power since the government scrapped the gold standard in the early 1970s, and it's up to Congress to obey the Constitution and bring the system back, says historian and investor Lewis E. Lehrman, author of the book "The True Gold Standard."
  • Warren Buffett Sued by Obama’s IRS

    04/11/2012 2:52:14 PM PDT · by Whenifhow · 8 replies
    Obama and his rich pals think you are just another useful idiot like the Occupy (OWS) crowd. While Obama seeks to enact the “Buffett Rule” to place a higher tax burden on families/small businesses that make $250K per year or more, his Internal Revenue Service (IRS) is suing Warren Buffett. Obama’s pal just doesn’t want to pay his taxes… but he has no problem stumping for Obama and calling for a higher tax burden on families and small businesses. “Get this: Uncle Sam is suing Warren Buffett’s company over taxes. Yes, taxes. The US government, in a little-followed case in...
  • The unMitigated Hubris of putting Personal Legacy before Country

    04/11/2012 1:36:08 PM PDT · by publius321 · 1 replies
    http://www.TableOfWisdom.com ^ | 4/11/2012 | Scott Ryan
    It is NOT over for conservatives if we have the will and the fortitude to use our God given brains instead of capitulating to the easy, thoughtless choice. This is just like watching the film "Invasion of the Body Snatchers" when by the end of the film, the people of the resistance give in to their urge to go to sleep. Are we those people - or do we have the courage to see this through to the end? Is America worth the fight? Those pseudo-journalists at Fox who MANUFACTURED and defrauded their viewers by sitting on facts about Mitt...
  • Obama to perpetuate class warfare with Buffett Rule!

    04/11/2012 1:29:40 PM PDT · by JOHN W K · 2 replies
    4-11-12 | JOHNWK
    See: Obama takes 'Buffett Rule' on the road “The president believes in standing up for the middle class and making our tax system fairer, where everyone plays by the same set of rules, in order to ensure the economic security of the middle class,” the White House said in a release announcing the event at Florida Atlantic University in Boca Raton. For those who are not familiar with the ``Buffett Rule``, it is a class warfare tax whose roots are found in the Marxist handbook, and is designed by conniving politicians to buy the votes of one economic class by...
  • FHFA’s DeMarco: Several Weeks Before a Decision on Principal Reductions (Jurassic Park Alert!)

    04/11/2012 11:06:53 AM PDT · by whitedog57
    Confounded Interest ^ | 04/11/2012 | Anthony B. Sanders
    Today, FHFA updated their study of principal reductions and Director Ed DeMarco presented the new results. He did NOT announce any trial program or agreement with the Obama Administration about using Fannie Mae and Freddie Mac to salvage the housing market. But he did say that an announcement will be out in a few weeks. As I said at Brookings, we have very little empirical evidence (other than anecdotal stories) that principal reductions work. We have not been through 3-4 years of mortgage modifications with principal reductions to see if they are as effective as forbearance in preventing defaults. FHFA...
  • Tax Code Is Already Steeply Progressive

    04/11/2012 10:59:06 AM PDT · by 92nina · 10 replies
    ATR ^ | 2012-04-10 | Ryan Ellis
    What percent of all tax revenues do high-income households pay?   Income Tax All Federal Taxes Top 1% ($344,000 +) 39.5% 28.1% Top 5% ($155,000 +) 61% 44.3% Top 10% ($112,000 +) 72.7% 55% Lower Half ($32,000 -) 2.4% 2.6% Middle Quintile ($65,000) 4.6% 9.2% All Households 100% 100% What is the average tax rate paid by high-income households?   Income Tax All Federal Taxes Top 1% ($344,000 +) 19% 29.5% Top 5% ($155,000 +) 17.6% 27.9% Top 10% ($112,000 +) 16.2% 26.7% Lower Half ($32,000 -) 1.9% 9.6% Middle Quintile ($65,000) 3.3% 14.3% All Households 9.3% 20.4% IRS Statistics...
  • Green Eyeshadow On Red Ink: 'Green' Jobs Fail To Live Up To The Hype

    04/11/2012 8:06:09 AM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 4/10/2012 | Tom Gantert
    In 2010, then-Gov. Jennifer Granholm touted the “energy economy” with helping turn around Michigan’s economy. Granholm boasted that the state had 109,000 green jobs in 2009 and said, "The new energy economy is already here, infusing our state with good-paying, permanent jobs.” From 2004 to 2009, Gov. Granholm said Michigan had invested $1 billion to promote “green manufacturing.” Yet, green jobs account for just 2.1 percent of the total jobs in Michigan today, according to a government report. The Bureau of Labor Statistics recently released a report that Michigan was 12th in the nation in providing jobs related to “green”...
  • Steve Skidmore Explains Foreclosure Fraud & What You Can Do About It--10.Apr.2012

    04/11/2012 7:33:46 AM PDT · by appeal2
    The Financial Survival Network ^ | 04/11/2012 | Kerry Lutz
    FinancialSurvivalNetwork.com presents: Steve Skidmore of www.EndlessFraudDetection.com explains the rampant mortgage and foreclosure fraud that have taken place and how you can protect yourself from it. Many of you have asked me what you can do to stop from getting wrongly thrown out of your home. Well, the answer is, there's a lot you can do if your loan has been fraudulently documented and illegally transferred. The Federal Government has recently settled a lawsuit over illegal foreclosures with the major banks around the country. This settlement appears to open the way for banks to put their foreclosure operations back into full...
  • Russia Has the Wheels; Now it Needs the Roads

    04/11/2012 5:44:56 AM PDT · by cunning_fish · 9 replies
    Voice of America ^ | April 10, 2012 | James Brooke
    Russians get perverse pleasure out of taking photos of their bad roads and then posting the pictures on the internet. This year, for the first time, Russia is expected to top Germany as Europe’s largest car market. With car purchases increasing by 20 percent in Russia this year, the Center of Automotive Management predicts that Russians will buy 3.2 million vehicles during 2012, slightly more than Germany. So how are Russia’s roads? According to the World Economic Forum’s Global Competitiveness Report, Russia ranks number 125 out of 139 countries on the quality of its highway infrastructure. According to another report,...
  • James Fiorillo Makes Plea Deal With Florida Prosecutors In Slaying Of Gus Boulis

    04/11/2012 4:26:31 AM PDT · by AtlasStalled · 1 replies
    Friends of Ours ^ | 04/11/12 | Friends of Ours
    Last week James "Pudgy" Fiorillo pled guilty for his role in the 2001 murder of Miami Subs founder and casino boat operator Gus Boulis, and agreed to testify against co-defendants Anthony "Little Tony" Ferrari and Anthony "Big Tony" Moscatiello as reported by Rafael A. Olmeda for the Sun Sentinel: "Prosecutors say Moscatiello, Ferrari and Fiorillo worked together to kill Boulis, who had sold his SunCruz casino boat fleet to a partnership led by Washington, D.C., lobbyist Jack Abramoff and his associate, Adam Kidan, in a deal that was later determined to be laced with fraud. Kidan had hired Moscatiello, who...
  • Live from New York – It’s The Hunger Games!

    04/10/2012 7:32:15 PM PDT · by Starman417 · 2 replies
    Flopping Aces ^ | 04-10-12 | Brother Bob
    Sometimes even a 24/7 news cycle can get so heavily dominated by a handful of stories that everything else seems to disappear. Just as we started to wind down from the tale of a future 1 percenter complaining that a religious-affiliated school should pay for her birth control, we've jumped into the Trevon Martin case becoming the focal point of the left's "Keep Hate Alive" campaign for 2012, along with leftist leadership starting to launch pre-emptive attacks against the Supreme Court for potentially committing that horrific act of judicial activism known as striking down an unconstitutional law. In this...
  • (Vanity) A Thorn By Any Other Name

    04/10/2012 6:28:31 PM PDT · by grey_whiskers · 10 replies
    grey_whiskers ^ | 04-10-2012 | grey_whiskers
    I wish I had thought of this sooner. But you know, we all ought to start calling Obamacare by a new name, the "Barack Obama Health Insurance Commerce Act". BOHICA. I guess Sarah Palin won't be losing any sleep over this, what with her "Death Panels" tweet and all. Still, every little bit helps.
  • This Primary is NOT Over! We have the ANTI-ROMNEY vote NARROWED to ONE!

    04/10/2012 5:10:34 PM PDT · by publius321 · 27 replies
    http://youtu.be/YdcuHmYmw9I ^ | 4/10/2012 | Scott Ryan
    REMEMBER: JUST WEEKS AGO - TALK OF A STRATEGIC ALLIANCE BETWEEN RICK & NEWT WAS CIRCULATING. Nobody knows the details of that alliance. It's interesting that Rick didn't endorse... Conservatives may be in a BETTER position now than ever since there will not be a diluting of the conservative vote. Carl Cameron of FOX practically declared this over. This is about DENYING ROMNEY THE 1144. We are entering the 4th quarter. We have WINNER TAKE ALL COMING UP. It is time to show these RINO establishment what we are made of. Suck it up, send Newt some cash so he...
  • Instagram Users Dismayed by Facebook Purchase

    04/10/2012 11:57:52 AM PDT · by jilliane · 5 replies
    GMA ^ | 4/10/2012 | Joanna Stern
    ...After the initial announcement on Monday of Facebook's plans to spend $1 billion on the photo-sharing site, you couldn't avoid the negative reaction on Twitter and Facebook, and even Instagram itself.
  • Keiser Report Episode 271 with Jim Rickards (Currency Wars author)[Video]

    04/10/2012 10:43:29 AM PDT · by Razzz42
    rt.com ^ | April 8, 2012 | Max Keiser talks to Jim Rickards
    In the second half of the show, Max talks to Jim Rickards about a BRICS currency, gold and the fog of currency war.
  • Democrats Deride Ryan Budget

    04/10/2012 9:40:50 AM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 7 April 2012 | John Semmens
    Wisconsin’s Republican Representative Paul Ryan’s efforts to put the federal government budget on a track to balance in the next decade was widely criticized by Democrats. “This budget is not a statement of our national values,” said Minority Leader Nancy Pelosi (D-Calif). “It represents a bleak future for America,” said Minority Whip Steny Hoyer (D-Md). “It is antithetical to our entire history,” said President Obama. Statistical analysis reveals that Ryan’s budget spends 46% more in inflation-adjusted dollars than Democratic President Bill Clinton’s last budget. It also would put federal spending at 22.2% of gross domestic output vs. the Clinton budget’s...
  • Progressive Solution for 25% Real Black Unemployment? Price Them Out-of-the-Market w/ $10 Min. Wage!

    04/10/2012 4:00:12 AM PDT · by Reaganite Republican · 13 replies
    Reaganite Republican ^ | April 10, 2012 | Reaganite Republican
    "The minimum wage is the  'Black Teenage Unemployment Act'...  The guaranteed way of holding the poor, the minorities  and the disenfranchised out of the mainstream is  if you price their original services too high..."  -Art Laffer As Rep Duncan Hunter (R-Ca) attempts to floor a bill that would force the US Labor Department to publish real unemployment numbers -ones that actually reflect the all-time-record number of Americans who have given up/left the labor force- some Democrats are now planning to unveil ill-advised legislation that would hike the federal minimum wage to as much as ten bucks an hour... a monstrous and unprecedented 35% leap from...
  • Colorado disaster-shelter company swamped with orders

    04/09/2012 9:50:55 PM PDT · by 2ndDivisionVet · 61 replies
    Toronto's 680 Newsradio ^ | April 9, 2012 | Staff
    A down economy appears to be good times for at least one Colorado company. Many disaster-shelter companies across the nation can't keep up with the demand from their customers, who all appear to be worried about the future. The Colorado company was recently profiled on the show "Doomsday Preppers," hosted on the National Geographic Channel. Owner Riley Cook says their phones have been ringing off the hook ever since, with people requesting everything from survival kits to advice. As a major project, the company is currently working on a shelter that puts most homes to shame. The nearly half-million dollar...
  • LIVE 9PM ET: National Security on Believe in America Radio show

    04/09/2012 5:59:45 PM PDT · by jacobny
    Believe in America ^ | 04/09/12 | jacobny
    discussing WH12 election, jewish vote poll data and Iran on my 'Believe in America Radio' show: http://tobtr.com/s/3112953
  • New Jobless Claims Understated 56 of Last 57 Weeks

    04/09/2012 1:31:13 PM PDT · by John Semmens · 6 replies
    Semi-News/Semi-Satire ^ | 7 April 2012 | John Semmens
    Given the difficulty of estimating economic data it is common practice for government agencies to announce a preliminary number subject to later revision. Under the law of averages, estimates should balance out between being higher or lower than later revisions. Amazingly, though, the Obama Department of Labor’s preliminary estimates of new jobless claims have been lower than later revisions in 56 of the last 57 weeks. The odds of this happening by chance are infinitesimal. This oddity was explained by Labor Secretary Hilda Solis. “We feel it is better to err on the side of optimism,” she said. “The preliminary...
  • Teen Unemployment: A Western Epidemic (Spain, Greece, France and … USA)

    04/09/2012 1:30:42 PM PDT · by whitedog57 · 9 replies
    Confounded Interest ^ | 04/09/2012 | Anthony B. Sanders
    The recent jobs report from the BLS cast a dark shadow on economic recovery (although the usual cheerleaders are claiming it was a fluke). But the story in the US that was ignored for the most part was teen unemployment which stands at Euro Zone-like 25%. In the Euro Zone, Spain has a horrible 52.8% unemployment rate for the under 25 male population. Greece is close behind at 43.40%. Germany, on the other hand, stands at 8.80% unemployment for the under 25 group. But Germany’s neighbor France has a 21.60% under 25 male unemployment rate. Sacre bleu! The US has...
  • Democrats Shafting the Military Again: A Financial Sneak Attack by Obama and the Democrats

    04/09/2012 11:57:21 AM PDT · by Starman417 · 2 replies
    Flopping Aces ^ | 04-09-12 | Al Cooper
    Democrats always attack, decimate, reduce, belittle, disarm, and de-fund the military. Here is some more of the Democrat party putting down the military and making them pay taking their pay. The United States military forces were greatly reduced by the Democrats after World War I in the years before the December 07, 1941 attack on Pearl Harbor. At that time our military had been reduced to a very dangerously low level. We had to pay dearly for that foolishness. Such are the Democrats and their complete denial and ignorance of history. The Democrats have always despised the American military,...
  • NY Times Chevy Volt Criticism Confounds Proponents

    04/09/2012 11:40:13 AM PDT · by jazusamo · 63 replies
    National Legal & Policy Center ^ | April 9, 2012 | Mark Modica
    The report by the NY Times that it would take up to 27 years for Chevy Volt buyers to save enough money in gas costs to make up for the high price of the car must be very confusing for apologists of the vehicle. The normal defense for any criticism is to accuse sources of having a right wing hate of the car. But the NY Times? The very vocal Volt defenders, who are quick to attack anyone who doesn't agree that the car is a technological marvel worthy of billions of dollars of taxpayer largess, will have to...
  • Occupation of the Mind

    04/09/2012 6:58:09 AM PDT · by Academiadotorg · 6 replies
    Accuracy in Academia ^ | April 9, 2012 | Malcolm A. Kline
    Howard Zinn and Saul Alinsky must be looking down and smiling now, or up. “We reported on our Zinn Education Project Facebook site, which asked teachers about themes they planned to address in the coming month,” the editors of Rethinking Schools wrote in an editorial which appears in the Spring 2012 issue of the magazine. “The replies reflected a markedly unstandardized curriculum.” “People were teaching about the history of corporate personhood, the war in Afghanistan, the early women’s rights movement, and the link between industrialization and imperialism.” In other words, to these characters, elementary and high schools are not left-wing...
  • Hey iPhone Fanatics: Revolutionary 'Simsung Turbo 3000 Xi MultiTask' Leaves You in the Dust!

    04/09/2012 3:17:10 AM PDT · by Reaganite Republican · 13 replies
    Reaganite Republican ^ | April 9, 2012 | Reaganite Republican
    This is from a Dutch TV show, I thought it was pretty comical: It dices... it slices... it warns you if your roommate is gay! [YouTube] Video/more at Reaganite Republican ___________________________________________________________________ GroenBrothers (Netherlands)   StickBoyDaily   Apple   h/t Robert 
  • Christians bringing Prestige to Pagan Religion of Mormonism

    04/08/2012 7:24:47 PM PDT · by publius321 · 102 replies
    Christians who support Romney in Primary are responsible for advancing a polytheistic pagan doctrine and leading potentially millions of souls to state of deception. The God of Israel said He is the Alpha & the Omega, the beginning and the end. He said there is only ONE God. Mormonism says there are infinite numbers of gods throughout the universe and THEY can be gods themselves, just like God the Father and His Son Jesus Christ. This is heresy. Mitt Romney is a heretic just as Barack Obama is a heretic Here's WHY (just scratching the surface).
  • Treasury Says Deficits Mustn’t Be Allowed to Slow Spending

    04/08/2012 11:26:25 AM PDT · by John Semmens · 15 replies
    Semi-News/Semi-Satire ^ | 7 April 2012 | John Semmens
    Treasury Secretary Timothy Geithner argued against letting fears of ballooning federal government deficits interfere with increased government spending. “The federal government’s debt and deficit are no big deal,” Geithner insisted. “It’s not like personal or corporate debt or fiscal shortfalls. It can be canceled at any time. Look, the government makes the laws. It can easily make a law absolving itself from the responsibility to repay borrowed money if it has to.” Geithner hastened to clarify that he was “not advocating such a law at this time, but the power is there if we need it. I don’t think we...
  • The Real Employment Situation – January 2009 through March 2012

    04/08/2012 11:10:48 AM PDT · by NaturalBornConservative · 11 replies
    Natural Born Conservative ^ | April 8, 2012 | Larry Walker, Jr.
    * By: Larry Walker, Jr. *"Our economy's now created more than 4 million private sector jobs over the past 2 years. And more than 600,000 in the past 3 months alone," Mr. Obama boasted to a forum at the White House on women and the economy, on Friday (CBS News).And in related news, on the previous evening, Egan-Jones Ratings Co. cut the U.S.A.’s credit rating one step to AA, the second downgrade in nine months and two levels below its highest grade, with a negative outlook citing the nation’s increasing debt burden (Bloomberg).Most of us are well aware of...
  • Working longer for government's sake

    04/08/2012 1:31:51 AM PDT · by Mark Landsbaum · 3 replies
    Orange County Register ^ | 4-8-2012 | Mark Landsbaum
    Tax Freedom Day, the date representing the point each year when Americans have earned enough to pay all their taxes, won't be reached this year until April 17, four days later than last year. In California, it's even later.
  • President Illuminates Philosophies of Government

    04/07/2012 3:48:00 PM PDT · by John Semmens · 17 replies
    Semi-News/Semi-Satire ^ | 7 April 2012 | John Semmens
    Gearing up for what promises to be a difficult campaign, President Obama laid into his critics saying “they want you to be on your own.” He contrasted this “social darwinism” approach to his “on us” philosophy. “The idea that Americans want to be left alone to pursue happiness on their own is clearly out-of-step with the way most Americans think,” Obama maintained. “People only go to work because they have to, not because they want to. When they’re on the job they’re watching the clock waiting for the workday to end. They look forward to the weekend, not the workweek....
  • Warren Hatch: Housing Market Recovery Could Happen Faster Than Anyone Expects

    04/07/2012 1:18:54 PM PDT · by whitedog57 · 28 replies
    Confounded Interest ^ | 04/07/2012 | Anthony B. Sanders
    There was an interesting post by Warren Hatch (chief investment strategist at Catalpa Capital Advisor) entitled “Why The Housing Recovery Could Happen Faster Than Anyone Expects.” He argues that the U.S. housing market is “shovel ready.” Where have I heard that before? Oh, now I remember. President Obama touted “shovel ready” projects in his pleading for the $800 million stimulus package. The basis of his argument is that the NAHB/Wells Fargo homebuilder confidence index is rising. And he argues that this index has a strong correlation with housing starts of 0.7. Here is his chart: Is this a compelling argument?...
  • Trayvon scandal puts Chicago candy giant in uncomfortable PR spotlight (Skittles)

    04/07/2012 2:14:26 AM PDT · by 2ndDivisionVet · 41 replies
    Crain's Chicago Business ^ | April 6, 2012 | Gini Dietrich
    Our own hometown candy company, Wrigley, is facing a very interesting PR challenge. As you undoubtedly know by now, Trayvon Martin had just bought a bag of Skittles (and an Arizona Tea) when he was shot and killed. That alone wouldn't cause a company to examine its crisis management program, but because of the symbolism of the candy, college-student activists are buying it in bulk and reselling it to raise money for his family. The candy has been piled into makeshift memorials, crammed into the pockets of thousands of people who have shown up at rallies in his name and...
  • Tattoos, piercings can hold you back from that new job

    04/06/2012 4:23:47 PM PDT · by 2ndDivisionVet · 138 replies
    Arizona Central | April 6, 2012 | Ryan Clark
    Link only due to copyright issues: http://www.azcentral.com/business/articles/2012/03/30/20120330tattoos-piercings-can-hold-you-back-from-new-job.html
  • Taxpayers' $1.4B 'Investment' in Nissan EV May Make Volt Look Good by Comparison

    04/06/2012 1:49:06 PM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | April 6, 2012 | Paul Chesser
    While General Motors’Chevy Volt assembly workers are sidelined for five weeks (and more this summer) because demand for its strongly hyped electric car is weak, the prospects for its chief rival – Nissan’s Leaf – are shaky at best. Nissan North America, Inc. – a subsidiary of its Japanese parent – is the beneficiary of a $1.4 billion Advanced Technology Vehicle Manufacturingloan from the U.S. Department of Energy, to convert a plant in Smyrna, Tenn. to produce the Leaf and batteries for it. The project’s promoters say the alterations will lead to 1,300 new jobs, enabling Nissan to produce...
  • Penalizing for not buying insurance is not a burden, but insisting on free ID to vote IS a burden

    04/06/2012 10:28:03 AM PDT · by Starman417 · 5 replies
    Flopping Aces ^ | 04-06-12 | DrJohn
    The Obamacare individual mandate demands that everyone have insurance coverage and penalizes those who do not carry insurance. The fine for not purchasing health insurance under PPACA is $95 per person in 2014 (or 1% of taxable income, whichever is greater), $325 in 2015 (or 2%), and $695 in 2016 (or 2.5%). Thereafter, the mandate is indexed to inflation. But hold on, there are exemptions: In addition, many people are exempted from the mandate, such as those for whom premiums exceed 8 percent of household income. Hence, as premiums increase, more and more people will be exempted from the...
  • U.S. Getting Closer to Funding China Enviro Clean-Ups, Brazil Airport and Ukraine '9-1-1' Upgrades

    04/06/2012 8:43:46 AM PDT · by Steve Peacock · 9 replies
    U.S. Trade & Aid Monitor ^ | April 6, 2012 | Steve Peacock
    The U.S. government yesterday took the next step towards partly financing environmental cleanup projects in China. As U.S. Trade & Aid Monitor previously reported, the U.S. Trade & Development Agency (USTDA) last month issued a Scope of Work related to a series of groundwater remediation initiatives in China—projects for which that nation intend to infuse (USD) $5.5 billion of its own money through 2020 (Monitor, March 16). Nonetheless, USTDA awarded a $44,000 contract to Ascendant Program Services, LLC, a Bethesda, Md.-based infrastructure consulting firm, to embark upon a "definitional mission," or DM, to China. (Contract award #USTDA-CO201261140). Despite the seemingly...
  • Kabuki: Arby’s fakes a Rush Limbaugh advertising protest

    04/06/2012 8:27:13 AM PDT · by B Knotts · 64 replies
    MichelleMalkin.com ^ | 4/6/2012 | Michelle Malkin
    Last night, I linked to the story about Arby’s blocking conservatives on Twitter for protesting the company’s protest of conservative talk show giant Rush Limbaugh. Today, the Right Sphere notes that Arby’s president is a big Democrat donor.Here’s the bottom line on this latest manufactured attempt by the Hush Rush mob to make it appear that he and the radio stations that carry his show are suffering economic harm because of Soros monkey-directed pressure.It’s complete bull. Total Kabuki theater. Arby’s is not and has not ever been a national sponsor of Rush’s program. In the radio industry, advertisers can buy...
  • BLS: Employment to Population Ratio Falls to 58.5%, Teen Unemployment Going “Spanish”

    04/06/2012 6:43:31 AM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 04/06/12 | Anthony B. Sanders
    According to the BLS, employers in the U.S. added fewer jobs than forecast in March. The 120,000 increase in payrolls , the fewest in five months, followed a revised 240,000 gain in February. Expectations were for 205,000. My ex-colleague from Deutsche Bank, Joe LaVorgna, called for +250,000. Unemployment fell to 8.2%. And U6 unemployment fell to 14.5%. Still, 14.5% is still numbing. But the most revealing employment rate, the employment to population ratio, fell to 58.5%. That means that the nonemployment ratio rose to 41.5%. And 164,000 Americans quit looking for work. And teen unemployment rose to 25%! But that...
  • Mike Krieger Explains Central Planning for Dummies

    04/05/2012 5:06:15 PM PDT · by Errant · 3 replies
    Zero Hedge ^ | April 5, 2012 | Mike Krieger
    For several years now I have been sounding the alarm that if you want to be engaged in the financial markets you need to assume that markets are being managed (rigged) more aggressively than at any moment in any of our lives. The Bernank and others on Wall Street and the District of Criminals understand that the situation is pretty much hopeless.
  • DOOMSDAY PREPPING – PLAN FIRST, BUY LATER

    04/05/2012 4:52:18 PM PDT · by Kartographer · 142 replies
    Preparedness Blog ^ | 4/5/12 | TIM SHETTLESWORTH
    I keep hearing statements about how expensive it is to prep. Although it is not cheap it doesn’t have to be that expensive either. You do not need to stock 20 years worth of food to be properly prepared. As a matter of fact I would advise against it. Stockpiling a large food and water supply means you have to stay put and defend it. That may not be your best option in a lot of scenarios which means you would lose that investment. Do you think you really have enough ammo to defend a 20 year food supply for...
  • Nonfarm payrolls should fall by 377,000 (But they won’t)

    04/05/2012 4:42:57 PM PDT · by Razzz42 · 1 replies
    wallstreetexaminer.com ^ | April 5, 2012 | By Lee Adler
    Let’s play “guess the nonfarm payrolls.” After all, our guess is as good as the conomists’, whose forecasts nicely fit a random distribution of hits and misses month in and month out. My guess? The headline non farm payrolls number would be reported as a drop of 337,000 tomorrow if you believe the withholding tax data for the period covered by the survey. That would be a huge miss versus the consensus estimate of a gain of 201,000 according to Hizzoner the Mayor’s tout sheet. Rupert Hacker Murdoch’s rags are even more bullish, posting an expected gain of 210,000. The...
  • The Deficit Chicken Hawk

    04/05/2012 3:47:16 PM PDT · by agee · 6 replies
    Founding Ideals ^ | 04/05/2012 | Aaron Gee & Steve Graff
    Deficit Hawk: a slang term used for politicians that place great emphasis on keeping the federal budget under control. Liberals only use this term for politicians that want to raise taxes. Deficit Chicken Hawk: a slang term used for politicians that claim to place great emphasis on keeping the federal budget under control but when faced with making real cuts in government spending always back down. Liberals only use this term to describe anyone who won’t raise taxes. President Obama displays a special kind of shallow, transparent, political opportunism when recently talking about deficits to the writers for financial...