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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