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Business/Economy (Bloggers & Personal)

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  • Soon There Won't Be Enough Money in the World to Fund US Debt

    I just started reading After America by Mark Steyn which I highly recommend to anyone.  It is probably the most humorous book on the economic apocalypse you'll ever read.  Anyway, Mark Steyn refers to a paper called "Financing US Debt:  Is There Enough Money in the World - and At What Cost?" by US Treasury official (and former Chief Economist of the Office of Management & Budget) John Kitchen and Menzie Chinn of the Robert M. La Follete School of Public Affairs at the University of Wisconsin.  Using estimates from the CBO, they calculate how much US Treasury debt foreign...
  • Giving the Economy What it Doesn't Deserve

    11/19/2012 12:48:57 PM PST · by jfd1776 · 4 replies
    Illinois Review ^ | November 19, 2012 A.D. | John F. Di Leo
    It is said that people get the government they deserve. As the election of 2012 proves, this is woefully inaccurate in politics, because even if those who consciously voted for the destructive Democratic Party do deserve it, those who wisely voted against it certainly do not. The same saying is often said of the economy, particularly when something disastrous happens – a large-scale layoff, a manufacturer fleeing burdensome taxes or regulations for the welcoming shores of China or India, a company collapsing under the weight of an unreasonable union. But there too, the saying is inaccurate. Even if some deserve...
  • Sarasota Firm Intends To Bid For Hostess, Twinkies Brands

    11/19/2012 12:18:27 PM PST · by 2ndDivisionVet · 23 replies
    Patch ^ | November 19, 2012 | Charles Schelle
    A Sarasota company may be to thank for saving Twinkies. Hurst Capital, LLLP on Monday filed a letter of intent to acquire the assets of Hostess Brands Inc. with the United States Bankruptcy Court in the Southern District of New York becoming the latest company to step forward to save Twinkies from extinction. "Hostess has over the past 80 years created several of the most recognizable and powerful brands in the United States,” said Hurst Capital, LLLP Managing General Partner Austin Hurst in a statement. "They have undeniable value and when combined with the other existing assets of the company...
  • GE Healthcare Laying Off 10 Percent of Workforce

    11/19/2012 12:01:10 PM PST · by 2ndDivisionVet · 19 replies
    Health Tech Zone ^ | November 19, 2012 | Tracey E. Schelmetic
    Bad news for GE Healthcare workers in Vermont. The company, which specializes in information technology for the healthcare industry, announced last Thursday that it plans to lay off about 10 percent of its workforce in the state. The company promised, however, to try to find “alternate roles” for those who lose their jobs. “While GE Healthcare regrets the loss of any jobs, the business needs to make tough decisions in the current economic climate,” company spokesman Benjamin Fox told the Barre Montpelier Times Argus. It’s unclear at this time how much of GE Healthcare’s workforce these cuts represent, though the...
  • Now It Get's Ugly

    11/19/2012 11:54:13 AM PST · by 2ndDivisionVet · 22 replies
    Liberty News Online ^ | November 19, 2012 | Erik Rush
    Americans are confused. I realize that’s probably the understatement of the year, but I am referring not to the apparent insensibility of those who continue to support President Barack Obama, but to the perplexed state of those who are attempting to make sense out of the election outcome itself, as well as events that have taken place since. In short, it is mind-boggling that the man was re-elected considering the shape America is in, and his being the most dismal record of any President in American history. The craven but successful ploy on the part of the administration to defer...
  • Ross Perot Sr. will help move historic house to start $1B residential community

    11/19/2012 11:46:21 AM PST · by 2ndDivisionVet · 12 replies
    The Dallas Business Journal ^ | November 12, 2012 | Candace Carlisle
    Ross Perot Sr., along with Hillwood Communities and Realty Capital, plans to move a historic house Wednesday at the venture's $1 billion residential community project in North Texas. The 1882 Faught Farm House will be moved several feet and will position the home, that is expected to receive historical designation, as the project's community amenity center. Perot will drive the truck moving the house at the groundbreaking ceremony at FM 407 and Prairie Mound Cemetery Road in Argyle. The project will be in Argyle and Northlake. Earlier this year, Hillwood Communities and Realty Capital announced its partnership plans for the...
  • Senator Denies Possibility that Regulations Could Cost Jobs

    11/19/2012 11:41:28 AM PST · by John Semmens · 10 replies
    Semi-News/Semi-Satire ^ | 16 Nov 2012 | John Semmens
    Encouraged by the recent election results, Senate Majority Leader Harry Reid (D-Nev) boasted that “the Republicans’ contention that excessive government regulation causes increased unemployment has been convincingly refuted by voters.” “Of course, the GOP’s arguments were ludicrous from the beginning,” Reid maintained. “If we pass new regulations the government has to hire more people to enforce them. That means more jobs. Companies have to hire more people to ensure they comply with the regulations. That means more jobs. The regulations are kind of like a scissors cutting into unemployment from both sides.” The possibility that more regulations could boost the...
  • The Free Market Killed Hostess, And That’s A Good Thing

    11/19/2012 11:01:40 AM PST · by GSWarrior · 46 replies
    OutsideTheBeltway.com ^ | 11/16/12 | DOUG MATACONIS
    This morning’s news that Hostess Brands, Inc. was shutting its doors after 82 years of operation (originally under the name International Bakeries Corporation) has elicited a lot of commentary from various sources. Culturally, I’m seeing a lot of people lament the fact that some of their favorite brands of snack food or bread — from Twinkies to Ho-Hos to Wonder Bread to Beefsteak Rye Bread — will no longer be available. Politically, there’s been a definite theme on the right blaming the Baker’s Union for the company’s collapse since they would not agree to a modification of their contract notwithstanding...
  • Let's avoid the blame for the fiscal cliff

    11/19/2012 10:18:29 AM PST · by Daryl L.Hunter · 12 replies
    Citizens For A Freer America ^ | 11/19/2012 | Daryl L. Hunter
    Cliffs Hurt! We conservatives haven't been very politically adept recently, we may consider watching our step! OK, first of all I am a very conservative voter who considers himself a conservative RINO. I vote republican because I won't ever again vote for an independent that will take a vote away from the republican candidate. That said: I think the argument can be made that we should let the taxes go up on high income earners only if we exclude S corporations. It is small business that we are trying to protect. When democrats cry about this one, their hypocrisy can...
  • TEA Party to Gee-O-Pee Establishment: 'Yeah, It's a War- and You're Going to Lose It'

    11/19/2012 10:15:38 AM PST · by Reaganite Republican · 8 replies
    Reaganite Republican ^ | 19 November 2012 | Reaganite Republican
    Ghandi: 'First they ignore you... Then they mock you... Then they fight you... Then you WIN' ______________________________________________________  Say Anything   Breitbart   Christian Science Monitor   AMERICAblog   Zazzle   Quoteland   Mizteez  PatriotFlags
  • Where the jobs are

    11/19/2012 7:12:05 AM PST · by Academiadotorg · 5 replies
    Higher Ed Jobs ^ | November 2, 2012
    The number of jobs in higher education grew 2.3 percent during the third quarter of 2012, continuing to outpace growth of all U.S. jobs, which were up 1.4 percent. The "market share" of higher education jobs compared to all U.S. jobs continued to increase as well but only incrementally in the third quarter, a trend that has persisted for several years. Similarly, the number of advertisements for job openings in higher education continued to grow, but at a moderating pace in the third quarter of 2012, according to data from HigherEdJobs. Current patterns and trends occurring in different categories of...
  • For one economist the “fiscal cliff” will be only one problem among many that are coming very soon

    11/19/2012 6:38:26 AM PST · by jmaroneps37 · 3 replies
    coachisright.com ^ | Nov. 19, 2012 | Kevin "Coach" Collins
    Whether Barack Obama’s policies are popular or not is immaterial. They are destructive and will eventually be seen for what they are by all but the most dedicated parasites among us. The pain Obama will cause us all will injure us all to one degree or another and time will bare this prediction out. Time will enable us to say “We told you so” although that will be little consolation. Things are so bad the world over that nothing can stop the eventual collapse of the global financial markets. This is the situation we face according to well respected Economist...
  • HOLD ON TO YOUR WALLETS!

    11/18/2012 8:43:51 PM PST · by SaveOurRepublicFromTyranny · 12 replies
    TEA PARTY NEWS NETWORK ^ | November 14, 2012 | Jennifer Burke
    Even though there was simply too much evidence that demonstrated Obama’s deep-rooted belief in the Socialist based redistribution of wealth, he continuously tried to walk it back or deny it. That is, until he found a way to sell the snake oil of “economic justice” in a manner that rallied his troops behind him and, as a result, tore a deep divide within this country. He changed the language to demand that the rich “pay their fair share”...
  • California's Laffer Curve: Playing with Fire

    11/18/2012 7:14:37 PM PST · by reaganaut1 · 18 replies
    Econlog ^ | November 12, 2012 | David Henderson
    It's not Go Galt: It's Go to Texas. As I have noted before, the Laffer Curve--the curve that relates tax revenues to tax rates--must be correct. The relevant question is where we are on the Laffer Curve. Are we on the part of the curve--the "prohibitive region"--where an increase in marginal tax rates will reduce revenues and a decrease in marginal tax rates will increase revenues? For the United States, I think the answer is pretty clearly no. But what about for California? We are about to have an empirical test. Proposition 30 garnered about 54 percent of the vote...
  • Qeestions about the Hostess Debacle

    11/18/2012 7:12:53 PM PST · by Explodo · 45 replies
    So I'm getting the business from the local lefties here in Minnesota on the Hostess thing. They Keep bringing up how some of the Hostess Exec's received a 300% raise while the company was in trouble and negotiating with the union. Somehow this alleged fact removes all resonsibility from the union. I've been trying to research this and all I've found on the web are links to the uber-leftie sites who use this to justify union actions Question 1:, Is this factoid true? (Execs gave themselves a huge Raise Question 2: If true, why did the execs do this? Question...
  • Mexican Company and Twinkies: Bimbo Bear Searching for Cream Filling? (VIDEO)

    11/18/2012 4:27:01 PM PST · by 2ndDivisionVet · 28 replies
    The Christian Post ^ | November 18, 2012 | Brittney R. Villalva
    The Hostess brand is heading to the auction block, following an announcement that the company would be shutting down. But that may not mean an end to Twinkies. A Mexican company called Bimbo, which is credited as being the largest bread maker in the world, may have plans to buy the brand. Grupo Bimbo is no stranger to acquiring foreign companies. With other baking goods companies like Mrs. Baird's Bakeries and Sara Lee already under his belt, Daniel Servitje who runs Bimbo, has already shown interest in Hostess in the past. The Bimbo company attempted a deal in 2007 during...
  • (Video) Hostess Twinkie Fate a Portent Marxist Life to Come

    11/18/2012 4:14:40 PM PST · by publius321 · 17 replies
    Union plague devours another company and more jobs. Wait until the kids and single women who re-elected our would-be despot experience how the misery of Marxism actually affects their lifestyles... (video linked)
  • A Labor Victory over Hostess (satire)

    11/18/2012 12:07:12 PM PST · by GeronL · 14 replies
    Associated Posers ^ | 11-18-2012 | geronl
    RADIO TRANSCRIPT. Joe Label has bakers' union boss Frank Hurt on the show HOST: "Welcome back to Union Talk Radio, I'm your host Joe Label, our guest this hour is Bakery, Confectionary, Tobacco and Grain Millers Union President Frank Hurt. First I want to congratulate you guys are a major victory this week, taking down Hostess all the way to liqudation! Brilliant job" FRANK HURT: "Thank you Joe, yes, it was a magnificient victory indeed for the workers of this country. A great victory for organized labor! A god day for America and our future." HOST: "What does the demise...
  • FHA helps rebound buyers get back in homes

    11/18/2012 10:05:57 AM PST · by 2ndDivisionVet · 21 replies
    The Press of Atlantic City ^ | November 18, 2012 | Alejandro Lazo and Walter Hamilton
    After two foreclosures and two bankruptcies, Hermes Maldonado is as surprised as anyone that he's getting a third shot at homeownership. The 61-year-old machine operator at a plastics factory bought a $170,000 house in Moreno Valley, Calif., this summer that boasts laminate-wood floors and squeaky clean appliances. He got the four-bedroom, two-story house despite a pockmarked credit history. The last time he owned a home, Maldonado refinanced four times and took on a second mortgage. He put a Cadillac and Mercedes-Benz C300W in the driveway and racked up about $45,000 in credit card bills and other debts. His debt-fueled lifestyle...
  • The Coupon Whisperer: Coupon Your Way to a FREE Thanksgiving Dinner

    11/18/2012 7:29:12 AM PST · by PJ-Comix · 27 replies
    The Coupon Whisperer ^ | November 18, 2012 | PJ-Comix
    This is the third Thanksgiving in a row in which I "bought" my dinner components for FREE. Here is what I was able to get via coupons: 21 lb turkey 5 boxes stuffing 5 jars gravy 5 cans cranberry sauce 1 gallon egg nog
  • 60 Second Refutation of Socialism, While Sitting at the Beach

    11/18/2012 5:36:57 AM PST · by 1rudeboy · 41 replies
    Coyote Blog--Dispatches from a Small Business ^ | December 2, 2004 | Warren Meyer
    Last week [Nov. 2004], there were several comments in Carnival of the Capitalists that people would like to see more articles highlighting the benefits of capitalism.  This got me thinking about a conversation I had years ago at the beach: Hanging out at the beach one day with a distant family member, we got into a discussion about capitalism and socialism.  In particular, we were arguing about whether brute labor, as socialism teaches, is the source of all wealth (which, socialism further argues, is in turn stolen by the capitalist masters).  The young woman, as were most people her age,...
  • Reaganite's Sunday Funnies

    11/18/2012 2:26:17 AM PST · by Reaganite Republican · 4 replies
    Reaganite Republican ^ | 18 November 2012 | Reaganite Republican
    Best political humor/graphics from around the USA this week... More at Reaganite Republican _______________________________________________________________   Looking Spoon 
  • Obamacare tax increases could lead to massive layoffs

    11/17/2012 1:45:54 PM PST · by 2ndDivisionVet · 15 replies
    The Examiner ^ | November 17, 2012 | Cathy Lenny
    The reelection of Pres. Barack Obama has basically killed the momentum to overturn Obamacare. Now businesses are scrambling to deal with the 20 or more higher taxes as a result of the legislation, ranging from a $123 billion surtax on investment income to the $20 billion medical device tax. A number of companies have announced layoffs as a result of the new taxes associated with the health care law. Welch Allyn, a company that manufactures medical diagnostic equipment in New York, announced a layoff of 275 employees, about 10 percent of their workforce, over the next three years. Dana Holding...
  • Kaiser Permanente to layoff 530 employees in Southern California

    11/17/2012 1:37:35 PM PST · by 2ndDivisionVet · 22 replies
    KFMB-TV ^ | November 17, 2012
    One of the nation's largest HMOs is laying off 530 employees in Southern California this weekend, including some in San Diego County, a company official confirmed Saturday. Kaiser Permanente said the layoffs -- constituting about eight-tenths of one percent of it employees -- would be spread across its 65,700 employees and doctors working in offices and hospitals from Kern County to the Mexican border. Under its union contracts, the laid-off employees who are in unions will get income and benefits for a year. many may also be rehired next year, when Kaiser Permanente expects "significant membership growth" next year. "Health...
  • 48 million consumers will engage in showrooming during the holidays

    11/17/2012 1:23:44 PM PST · by 2ndDivisionVet · 31 replies
    Internet Retailer ^ | November 14, 2012 | Bill Siwicki, Managing Editor, Mobile Commerce
    This holiday season, 48 million shoppers—about 20% of the U.S. adult population—will use their smartphones to compare prices and research products while shopping in stores, a practice known as “showrooming,” IDC Retail Insights finds in a new survey. This represents a 134% increase from 2011 when 20.5 million shoppers engaged in showrooming. IDC forecasts the number of showrooming shoppers will grow to 59 million next year, 69 million in 2014 and 78 million in 2015. This year, according to the new research, showrooming will influence $700 million to $1.7 billion in holiday retail purchases. Big-ticket items, in particular those that...
  • ReVolt Technology officially files bankruptcy (A small Solyndra?)

    11/16/2012 11:28:06 PM PST · by 2ndDivisionVet · 2 replies
    The parent company of a taxpayer-backer battery technology company has filed bankruptcy in a Norwegian court. Portland-based ReVolt Technology, whose parent company is in Norway, said last month it would file bankruptcy because it had been unable to raise new capital or find a buyer. The company had been developing a zinc-air battery technology that it said could deliver twice the energy of conventional rechargeable battery technologies, such as lithium-ion. The Business Journal has been unable to reach ReVolt company officials. Before it abruptly closed its doors, ReVolt received several taxpayer subsidies: •$5 million from a federal grant program. •$3.4...
  • United Technologies laying off 500 workers, including 4 in Charlotte area

    11/16/2012 11:18:38 PM PST · by 2ndDivisionVet · 3 replies
    The Charlotte Observer ^ | November 16, 2012 | Kerry Singe
    United Technologies Corp. announced Friday it is laying off 500 salaried and hourly employees worldwide – including some in the Charlotte area – between now and the end of the year. The multinational manufacturing and transportation company, which acquired Charlotte-based Goodrich Corp. this past summer, said it is laying off three workers at its Monroe plant and one in its Charlotte aerospace division headquarters. The company started telling workers Friday, company spokesman Dan Coulom said. The company will continue to notify affected workers through December, Coulom said. He was not aware of additional layoffs planned for the Charlotte area, he...
  • Union Sticks It to Hostess and Leaves Workers Jobless

    11/16/2012 8:39:19 PM PST · by SquarePants · 86 replies
    Realville, USA ^ | Nov 16, 2012 | Ombud
    I guess there was a time when unions did some good. I know my great grandfather was a big supporter of them, but frankly I can't see where they do anything good at all anymore. From the time I was a kid, all I've ever understood about them was that they're associated with organized crime, and they're physically violent and proud of it. But over the last couple of years I've learned a little bit more, and I have to say I'm not at all enthusiastic about what I've seen. First it was SEIU union thugs tossing beatdowns at...
  • Papa John's CEO Should Take a Pay Cut, Not Lay Off Workers (New Meme from the Left?)

    11/16/2012 6:59:39 PM PST · by 2ndDivisionVet · 195 replies
    US News and World Report ^ | November 16, 2012 | Leslie Marshall
    Papa John's CEO John Schnatter is going to cut his workers' hours, lay off workers, and increase the price of his pizzas by 11 to 14 cents. Why? Because the president was re-elected. More specifically, due to Obamacare. And he is not alone. Walmart is cutting hours, as is Denny's, and some other larger franchises like Red Lobster, Olive Garden, etc. As with the companies mentioned above, those on the right want to blame the president, Democrats, Obamacare, etc.—yet they had layoffs or planned them as far back as 2009 and 2010. Were they all clairvoyant? Did they all know...
  • Twinkie ad on Ebay attacking Monetary Policy & Obamacare

    It seems as though the Twinkie may be a new type of currency as you can break them down into smaller denominations, they are finite and collectible. I went on Ebay to see about buying some. I saw some of the bids were up to the $20.00 level. This is from an ACTUAL LISTING: "My son and I cornered the market on these Twinkies at our local grocery store and purchased all of the remaining Twinkies off the shelves this Friday (November 16th 2012). This is a full, unopened box of Twinkies. Many will buy the last remaining Twinkies to...
  • Anyone else not get Romney gear delivered off his site?

    11/16/2012 2:50:57 PM PST · by GlockThe Vote · 42 replies
    self | 11/16/2012 | self
    A caller into Hannity today said he ordered a bunch of things off of Mitt Romney.com before the election and did not get everything he ordered and then only got a bumper sticker the week before the election. Funny thing is that this happened to me too. I ordered 4 bumper stickers and 2 yard signs. The yard signs were not cheap, I think $15.00 each. My local area had nothing at all being in NYC area. The bumper stickers came after about 1.5 months but I never got the yard signs. Has this happened to anyone else, because I...
  • Is Obama’s Treasury Department Planning a Carbon Tax?

    11/16/2012 2:20:15 PM PST · by 92nina · 17 replies
    ATR ^ | 2012-11-13 | Christopher Prandoni
    The Competitive Enterprise Institute thinks so and [Tues]day “filed suit to force the Treasury Department to release more than 7,300 emails believed to discuss a new ‘carbon tax’ Obama administration allies in Congress are expected to propose in the upcoming lame duck session.” The CEI press release continues, “the suit, filed in U.S. District Court in Washington, D.C., seeks emails on official government accounts that CEI had requested under the Freedom of Information Act. Treasury has said nothing about this topic publicly, but the existence of such extensive email traffic likely reflects serious ongoing discussions between Treasury officials, outside pressure...
  • Ding Dong, Twinkie is dead thanks to Obamas, US economy and unions

    11/16/2012 2:14:46 PM PST · by Marketfly1 · 49 replies
    Bayoubuzz.com ^ | November 16, 2012 | Jeff Crouere
    The corporate closure will eliminate not only jobs, but 33 bakeries, 565 distribution centers, 5,500 delivery routes and 570 bakery outlet stores in the United States. While some workers bucked threats from union bosses and returned to work, it was not enough. "The problem is we don't have enough crossing those lines to maintain normal production,” said Rayburn. So, this ends a company that has been in business since 1930 providing delicious treats to generations of customers. While it is a sad day for most Americans, one person who will be celebrating is First Lady Michelle Obama, who is the...
  • The Hostess Liquidation: A Curious Cast Of Characters...(Gephardt, other Demon-crats

    11/16/2012 12:36:37 PM PST · by Prospero · 22 replies
    Zero Hedge ^ | Tyler Durden
    As the Twinkie Crumbles...Tim Collins of Ripplewood, a prominent Democrat, a position which allowed him to get involved in the first bankruptcy process in the first place, due to his proximity with the Teamsters' long-term heartthrob Dick Gephardt (whose consulting group just happens to also be an equity owner of Hostess). In other words, the traditional republican-cum-PE scapegoating strategy here will be a tough one to pull off since the narrative collapses when considering that it was a Democrat who rescued the firm, only to see it implode in a trainwreck that has resulted in the liquidation of a legendary...
  • The adults at Hostess give a reality lesson to Obama’s union children

    11/16/2012 11:47:48 AM PST · by jmaroneps37 · 89 replies
    coachisright.com ^ | Nov. 16, 2012 | Kevin "Coach" Collins
    This is the end of Hostess Bakery Company. It was started in 1930 and died a few days after Barack Obama was reelected. The smiles have barely left the faces of his supporters, and now thousands of them across the country are being fired and laid-off. “We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike. Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.” With these 45 words the world has been turned...
  • Unions Must Go

    11/16/2012 11:32:33 AM PST · by Morgana · 25 replies
    Jan Morgan ^ | 11.16.2012 | Jan Morgan
    What unions are doing in America today, not only to the companies but to the workers they supposedly represent, is unconscionable. It’s sad that a majority of their own members can’t or refuse to see that these unions are not truly on their side and in fact have done much to destroy capitalism. Unions have become the people they were originally formed to oppose. Unions are a socialist concept. The whole concept of unions pits management against the workers. The assumption is that management is an evil force whose sole purpose is the abuse of the worker. While this may...
  • (Video) War on Papa John Threatens Obama's Fast Food Based Recovery

    11/16/2012 7:21:11 AM PST · by publius321 · 10 replies
    http://youtu.be/OnjPJiaXC4A ^ | 11/16/2012 | Scott Ryan
    My morning drive analysis.
  • Lemonade Mogul Targeted by Government Nannies (satire)

    11/15/2012 9:32:00 PM PST · by GeronL · 4 replies
    Associated Posers ^ | 11-16-2012 | geronl
    (Associated Posers) - Ganes, Idaho - April McAffee thought making and selling lemonade would be a good summer time business in the factory town of Ganes, Idaho. Her and some friends decided to corner the market and open locations all over town, word spread and antipation built. The local media had covered the event and even Mayor Valerie Jones said she planned to be at the opening of April's 4th street location. "The kids said they wanted to do this to make a little money toward college and it just ballooned, the whole town was excited" Mayor Jones said. The...
  • We could have had it All if we allowed God to go Before Us

    11/15/2012 7:05:18 PM PST · by publius321 · 8 replies
    And Asa cried unto the LORD his God, and said, LORD, it is nothing with thee to help, whether with many, or with them that have no power: help us, O LORD our God; for we rest on thee, and in thy name we go against this multitude. O LORD, thou art our God; let not man prevail against thee. II Chronicles 14:11 Sadly, we could have had both prosperity -and- a great awakening if we had sought first the kingdom of God as our founding fathers did. Following is my opinion of the Republican Party’s problem from back in...
  • Florida restaurant owner to add an ObamaCare “surcharge”

    11/15/2012 5:47:59 PM PST · by 2ndDivisionVet · 5 replies
    Hot Air ^ | November 15, 2012 | Erika Johnsen
    Just telling it like it is — I like his style. Per Politico: John Metz, a restaurant franchisor who operates 48 locations of Hurricane Grill & Wings, several dozen Denny’s locations and a few Dairy Queens, told The Huffington Post Thursday that he’d join the growing list of restaurateurs piling purported Obamacare costs onto their customers and staff. In his case, though, he’s going to label it so all of his customers know about it. “If I leave the prices the same, but say on the menu that there is a 5 percent surcharge for Obamacare, customers have two choices....
  • Experts Warning of Coming Crisis: a Shortage of Drivers.

    11/15/2012 5:00:49 PM PST · by 2ndDivisionVet · 48 replies
    Truckers America ^ | November 14, 2012
    Experts are warning of a coming crisis: a shortage of truck drivers. The Associated Press reports demand is so high that more than 100,000 trucking jobs are expected to go unfilled each year through 2016. Mohammed Khan, the Director of the Great American Truck Driving School in Detroit told WWJ’s Sandra McNeil he’s seen a 50-percent jump in enrollment at his school since 2010. “People do want to become truck drivers. The fact is that the demand just ups the supply right now,” said Khan. ”There are a lot of truck driving jobs that are wanting because they just can’t...
  • Illegal Status Keeps Immigrant Tenants In Poor Housing

    11/15/2012 4:08:04 PM PST · by moonshinner_09 · 17 replies
    The Uptowner ^ | Nov 15th, 2012 | Sune Engel Rasmussen
    “It’s very dirty here, all the apartments have rats,” says Catalina Espinosa, 34, who opens her door on the fifth floor carrying an infant son with one arm while a daughter peeks out from behind her. Three stories below, Tino Torres, 40, has lived with rodents for all his five years in this building at 1985 Amsterdam in Washington Heights. “The rats crawl from the kitchen into my bedroom,” he says. For many uptown immigrants, coming to America hasn’t meant an upgrade in housing. “In the last five years, it’s one of the worst buildings I have seen,” Luis Manuel...
  • Just a few of the layoffs in the past 48 hours

    11/15/2012 3:15:14 PM PST · by yorkie · 31 replies
    Multiple sources | 11/15/12 | Vanity
    SMITHFIELD FOODS - 120(+400)- http://www.washingtonpost.com/../..c_story.html CUMMINS - 1,500 - http://indianapublicmedia.org/../..rkers-40137/ HARTMARX - 567 - http://www.chicagotribune.com/../..104523.story ENERGIZER - 1,500 - http://www.fool.com/investing/../..-jumped.aspx XEROX - 2,500 - http://www.ksdk.com/news/artic../..0-employees- PIERCE MANUFACTURING - 325 - http://www.bizjournals.com/tam../..-pierce.html PANASONIC - 10,000 - http://news.cnet.com/8301-1001../..n-to-health/ TEXAS INSTRUMENTS - 1,700 - http://money.cnn.com/2012/11/1../..nts-layoffs/ NBC UNIVERSAL - 500 - http://www.hollywoodreporter.c../..ersal-389572 BECHTEL POWER PLANT - 277 - http://www.bizjournals.com/sou../..-of-277.html STRYKER CORP. - 1,170 - http://www.examiner.com/articl../..-200-workers APPLEBEES -massive layoffs - http://www.examiner.com/articl../..nd-obamacare
  • Fisker's Big Fundraiser is Going Out of Business

    11/15/2012 3:07:22 PM PST · by jazusamo · 6 replies
    National Legal & Policy Center ^ | November 15, 2012 | Paul Chesser
    The venture finance operation that raised money for crony capitalist investorsKleiner, Perkins, Caufield and Byers, and their green tech firms like electric car companyFisker Automotive ($193 million paid in stimulus loan guarantees) and fuel cell manufacturerBloom Energy, is shutting down, according to a Fortune report. Advanced Equities, Inc. had recently been reprimanded by the Securities and Exchange Commission and by the Financial Industry Regulatory Authority (FINRA) for misleading investors and for breach of contract with its brokers. Fortune cited sources that said AEI brokers were told last week that Monday would be their last day. Crain’s Chicago Business confirmed that...
  • ITW Consumer warns of 73 layoffs in Riviera Beach (Florida)

    11/15/2012 2:34:40 PM PST · by 2ndDivisionVet · 2 replies
    South Florida Business Journal ^ | November 15, 2012 | Shaun Bevan
    ITW Consumer has warned the state of Florida of 73 layoffs and the closure of their Riviera Beach facility earlier this year. Illinois Tool Works, ITW's parent company, announced a change in strategies and its decision to phase out operations in Florida earlier this year, according to the Worker Adjustment & Retraining Notification notice filed with the state on Wednesday. ITW's functions will be relocated to Ohio and Connecticut. The company stated that it plans to cease ITW Consumer operations by the end of February. The first run of separations were effective at the end of August and October. Additional...
  • Smithfield Plant to Layoff Workers in 2013 (520 jobs in Virginia)

    11/15/2012 2:16:45 PM PST · by 2ndDivisionVet · 16 replies
    Wisconsin Ag Connection ^ | November 15, 2012
    USAgNet - Smithfield Packing Company Inc., a subsidiary of Smithfield Foods, plans to begin its planned closure of a Portsmouth, Va. hot dog and lunch meat production facility. MeatPoultry reports that the firm announced the closure this past November. Layoffs are expected to begin at the Portsmouth plant in January, and the facility will be closed by the end of March 2013. The company says its first round of layoffs will impact about 120 workers. Another 400 employees will be affected by the plant closure....
  • The Reality of Economic Decline Surfaces After Obama's Reelection

    11/15/2012 1:31:29 PM PST · by whitedog57 · 9 replies
    Confounded Interest ^ | 11/15/2012 | Anthony B. Sanders
    Initial jobless claims rose to 439,000, their highest level since May 2011. And no, it isn't due to SuperStorm Sandy. Rather, it was increases in Ohio and Pennsylvania that led the surge. Continuing jobless claims spiked as well, their highest point since March 2012. Meanwhile, the Empire State Manufacturing Survey of General Businesss Conditions improved from -6.16 in October to -5.22 in November. The Philadelphia Fed Business Outlook of General Conditions fell to -10.7 from an October reading of +5.7. Meanwhile, The Dow Jones Industrials continue their post election slide. Oogh!
  • Now Hiring Bachelor’s?

    11/15/2012 12:58:53 PM PST · by eagleye85 · 11 replies
    Eagleye Blog ^ | November 15, 2012 | Bethany Stotts
    As recently reported by USA Today, one third of millennials have earned four-year degrees. In my previous blog entry I discussed the financial perils facing these students, who often graduate unable to find a job in their major (unemployed or underemployed) and saddled heavily with debt. However, it looks like the job market for those with Bachelor’s degrees is creeping upward somewhat, according to a new report issued by Michigan State University (pdf). “The new college labor market inches ahead with a 3 percent gain over last year across all degrees,” it states. “Strong demand for marketing, finance, human resources,...
  • Census: U.S. Poverty Rate Spikes, Nearly 50 Million Americans Affected

    11/15/2012 12:21:38 PM PST · by Academiadotorg · 8 replies
    CBSDC/AP ^ | November 15, 2012
    WASHINGTON (CBSDC/AP) – As President Barack Obama is set to begin his second term, new statistics on America’s poverty rate indicate that nearly 50 million Americans, more than 16 percent of the population, are struggling to survive. New figures released by the Census Bureau this week found a spike in poverty numbers last year, going from 49 million in 2010 to 49.7 million last year. The numbers may come as a surprise to Congress, which estimated in September that the poverty rate would drop to 46.2 million. One of the most startling findings showed that almost 20 percent of American...
  • Psychiatrists Becoming Doctor Joke

    11/15/2012 11:59:32 AM PST · by Academiadotorg · 42 replies
    Accuracy in Academia ^ | November 14, 2012 | Malcolm A. Kline
    There may actually be some good news coming out of academia. “This really is a profession that has run amok,” Robert Whitaker, author of Anatomy of an Epidemic said of psychiatrists in a recent interview with Celeste McGovern which appeared in Citizen magazine. “People are beginning to question its legitimacy and they are beginning to mistrust its values, its diagnoses and its treatments.” McGovern writes that, “Even medical students are avoiding it, he adds, as the average age of psychiatrists is now 57.” Citizen is published by Focus on the Family. McGovern is based in the United Kingdom. “Every day...