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Business/Economy (Bloggers & Personal)

Brevity: Headers | « Text »
  • Hostess says it has over 100 interested buyers

    11/29/2012 8:18:43 PM PST · by 2ndDivisionVet · 40 replies
    New York - Hostess Brands got final approval for its wind-down plans in bankruptcy court Thursday, setting the stage for its roster of snack cakes to find a second life with new owners - even as 18,000 jobs will be wiped out. The company said in court that it's in talks with 110 potential buyers for its iconic brands, which also include Ding Dongs and Ho Hos. The suitors include at least five national retailers, such as supermarkets, according to a financial adviser for the company. The process has been "so fast and furious," Hostess hasn't been able to make...
  • Obama's Continued Demand for $1.6 Trillion Tax on the Wealthy and His Cross of Debt

    11/29/2012 4:11:44 PM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 11/29/2012 | Anthony B. Sanders
    The time is drawing near for a deal to avoid the fiscal cliff. Here is the White House proposal (courtesy of Zach Goldfarb at the Washington Post). ACCORDING TO REPUBLICAN AIDES. THIS IS A SUMMARY ONLY AND NOT AN OFFICIAL DOCUMENT. White House Proposal November 29, 2012 STAGE ONE: Taxes Immediate increase in both top marginal rates, as well as capital gains and dividends: +$960 Billion Additional taxes: +$600 Billion 2009-level estate tax AMT and business tax extenders: -$236 Billion Payroll tax extension or alternative policy: -$110B Bonus depreciation extension Spending/Extras $50 billion stimulus package in FY13 Mass refi mortgage...
  • (Video) My Ongoing Debate with Pro-Disney Homosexuals

    11/29/2012 3:05:56 PM PST · by publius321 · 13 replies
    My Nov 28th video calling out Disney for causing millions of children and families to view homosexual activity by catching them completely off guard - has caught the attention of some militants who are on an acrimonious campaign against me. This video is my first response to some profane feedback I received: (Video)
  • Is your 401K safe from the Democrats?

    11/29/2012 12:07:28 PM PST · by prplhze2000 · 61 replies
    jackson jambalaya ^ | November 29, 2012 | Kingfish
    Suddenly within 24 hours three articles appeared in the NYT, Atlantic Monthly, and Time discussing a Danish "study" about the tax breaks for the 401K plan. Naturally they all discussed whether the government should abolish the tax break for them. What was it they said about never wasting a crisis?
  • Housing, Employment, GDP and CNBC with Rick Santelli

    11/29/2012 12:06:05 PM PST · by whitedog57 · 1 replies
    Confounded Interest ^ | 11/29/2012 | Anthony B. Sanders
    I was interviewed this morning by CNBC’s Rick Santelli on the FHA. Here is my interview. So little time, so much to discuss. So, if real Personal Consumption Expenditures only rose 1.4%, what drove the 2.7% increase in real GDP? Residential construction and Federal government spending. Real federal government consumption expenditures and gross investment increased 9.5 percent in the third quarter, in contrast to a decrease of 0.2 percent in the second. National defense increased 12.9 percent, in contrast to a decrease of 0.2 percent. But real residential fixed investment increased 14.2 percent, compared with an increase of 8.5 percent....
  • Question on Trade Unions (Vanity)

    11/29/2012 10:23:24 AM PST · by nitzy · 45 replies
    11/29/12 | me
    Me and a hunting buddy were discussing unions the other day and it raised some questions that I would like help with. He is a member of a skilled trade union here in Ohio and said he voted for Obama because Romney was for "Right to Work" and he said that would hurt his paycheck. He said that he is against factory unions, and public sector unions but that skilled trade unions work differently and don't deprive anyone of their rights. He basically describes a skilled trade union hall as an exclusive "club" that only accepts members that have certain...
  • Truth On Fiscal Cliff Negotiations

    11/29/2012 9:29:00 AM PST · by Starman417 · 21 replies
    Flopping Aces ^ | 11-29-12 | James Raider
    We apprehensively advance through this nail biting moment in history as a great Nation floats, uncertain, caught in a holding pattern, hoping its leadership will find wisdom enough to avert the so called Fiscal Cliff, even if most of us don’t fully comprehend what such a cliff entails, or even if such a thing exists. We’re too busy struggling, hanging on to whatever we have, hoping for stability, and hoping that tomorrow brings some relief to our stress.So let’s look for a little insight into what astute and gifted minds are really doing deep in the core of the...
  • Socialist vs Capitalist

    11/29/2012 7:22:06 AM PST · by Reaganite Republican · 11 replies
    Reaganite Republican ^ | 29 November 2012 | Reaganite Republican
    This recalls a brilliant quote by Lady Margaret Thatcher: "People think that at the top there isn't much room. They tend to think of it as an Everest. My message is that there is TONS of room at the top..."
  • (Video) Respecting the Office of the Presidency - Analyzing Beck's "Obama in Pee Pee"

    11/29/2012 5:50:32 AM PST · by publius321 · 31 replies
    The Leftists are angry about Glenn Beck's popular art work titled "Obama in Pee Pee". Suddenly they have revived their platitudes about "respecting the office of the presidency"... (video)
  • The Biggest Economic Story of 2013... [not the fiscal cliff]

    11/29/2012 5:44:14 AM PST · by 1rudeboy · 8 replies
    Coyote Blog (Dispatches from a Small Business) ^ | November 28, 2012 | Warren Meyer
    Sorry, but it is not the fiscal cliff. It is the complete shift in the US labor model, at least in the service sector, due to Obamacare. Here is what I am doing for the rest of the year -- working with every manager in my company so that as of January 1, 2013, none of our employees are working more than 28 hours a week. I think most readers know the reason -- we have got to get our company under 50 full time employees or else I am facing a bill from Obamacare in 2014 that will be...
  • Deny Obama A Participation Trophy (vanity-satire)

    11/28/2012 10:16:38 PM PST · by GeronL · 8 replies
    Associated Posers ^ | 11-30-2012 | geronl
    (Associated Posers) – WASHINGTON DC – The moderate Republicans who look for any excuse, no matter how flimsy to join the Democrats on any issue are “troubled” by the inability of Susan Rice and this administration to offer a reason to forget about Benghazi. This administration does not care to attempt to offer any plausible reasoning for its bald-faced lies to the American people for two weeks after the terrorist strike against the US mission in Benghazi, Egypt. Immediately after the terrorist attack this administration attempted to place the blame on a youtube video for “inflaming” Muslims and said that...
  • Saw this bumper sticker today - RELY!

    11/28/2012 6:52:56 PM PST · by JoeProBono · 75 replies
    (REPRODUCTION - DIDN'T HAVE A CAMERA)
  • (Video) Disney Exposes Children to Lewd Homosexual Activity on Daytime Broadcast TV

    11/28/2012 6:19:38 PM PST · by publius321 · 26 replies
    In a disgraceful breach of fiduciary responsibility to shareholders, Disney Execs allowed their television network to willfully and premeditatedly expose millions of children and families to two men performing homosexual acts with one another. This was in the middle of the afternoon's highly rated college football game coverage on Thanksgiving Weekend. This is a clear example of incompetent executives abusing shareholder assets, undermining the reputation of the brand and the trust that the word Disney used to convey. This was all committed for the selfish desire of advancing their own lascivious agenda...(video)
  • LivingSocial expected to lay off 400 in U.S.

    11/28/2012 2:39:05 PM PST · by 2ndDivisionVet · 9 replies
    The Washington Business Journal ^ | November 28, 2012 | Bill Flook
    LivingSocial Inc. is slated to launch a major round of layoffs Thursday, with as many as 400 job cuts expected across its U.S. workforce, according to sources with knowledge of the daily deal giant’s plans. Those cuts are expected to span a wide range of positions and markets, including in LivingSocial’s home turf of D.C., the sources said. It is not known how many will occur in D.C., where LivingSocial maintains six offices downtown. A LivingSocial spokesman declined to comment. The layoffs raise a host of questions about the future. First and foremost: LivingSocial in July won an up-to $32.5...
  • Drawbridge Inn To Close For Good on Sunday (Fort Mitchell, Kentucky)

    11/28/2012 2:10:22 PM PST · by 2ndDivisionVet · 5 replies
    WKRC-TV ^ | November 28, 2012
    The Fort Mitchell landmark the Drawbridge Hotel and Convention Center is closing for good. Owners announced the closure, which takes effect on Sunday. The Drawbridge has been open on Buttermilk Pike for 42 years and has hosted 4,500 events. Managers say, "The closing of the hotel will allow the new ownership time to clearly focus on future opportunities for the site and weigh the feasibility of remaining in the hospitality industry." The inn was placed under new owners in 2009, and was renovated at that time...
  • American Superconductor Plans to Reduce Workforce by 25%; Slashes Third-Quarter View (Wind turbines)

    11/28/2012 2:02:54 PM PST · by 2ndDivisionVet
    The Wall Street Journal ^ | November 28, 2012 | Tess Stynes
    American Superconductor Corp. (AMSC) unveiled plans to reduce the size of its workforce by 25% as weak demand weighs on the wind-energy sector, leading the turbine-systems maker to reduce its fiscal third-quarter outlook. Shares were down 15% at $2.35 in premarket trading. Through Tuesday's close, the stock is down 25% this year. The company cited financing and cash flow issues among customers, which it anticipates will lead to shipment delays for some of its products. American Superconductor now expects a fiscal third-quarter adjusted per-share loss of 31 cents on revenue of more than $20 million, from its prior estimate for...
  • McGreen Jobs

    11/28/2012 12:48:57 PM PST · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | November 27, 2012 | Malcolm A. Kline
    “Employees at bicycle shops have green jobs,” economist Diana Furchtgott-Roth points out in a Capital Research Center study. “So do workers at antique dealers, at the Salvation Army used clothing recycling centers, and at used record stores, because used items count as recycled goods.” Furchtgott-Roth testified at a congressional hearing in June that examined the definition of “green jobs.” “As a witness at the hearing, I explained that, because the white paper cup placed before me on the table had a ‘Power to Save Energy’ logo, employees who produced it had green jobs,” she recalls. “The product met the BLS...
  • The President is bluffing

    11/28/2012 9:50:22 AM PST · by SeekAndFind · 20 replies
    Keith Hennessey ^ | 11/28/2012 | Keith Hennessey
    I think the President is bluffing on his veto threat. Conventional wisdom: To achieve his desired fiscal policy outcome (big tax rate increases on the rich), the President is willing to risk tax increases on all income tax filers. He is also willing to risk the political blame for middle class Americans paying higher taxes because he thinks he can shift most of the political blame onto Republicans. He is therefore willing to veto a bill he doesn’t like and bear the consequences of having no bill, if that’s what is needed to gain negotiating leverage. His veto threat is...
  • Obama Seeks to Accelerate Access to Health Care -- Now in Uganda

    11/28/2012 3:10:15 AM PST · by Steve Peacock · 3 replies
    U.S. Trade & Aid Monitor ^ | Nov. 28, 2012 | Steve Peacock
    The Obama Administration is continuing its push to expand citizen access to health care--and it now seeks to accomplish that task on behalf of the citizens of Uganda. The U.S. Agency for International Development (USAID) acknowledged this morning that soon it will seek a contractor to run its new Ugandan health program. According to a presolicitation notice released today that U.S. Trade & Aid Monitor located via routine database research, USAID around Dec. 20 will release a Request for Proposals for the endeavor. The stated intermediate goals of the initiative are: 1) Expanded availability of health services by private service...
  • Major players in rare-earth production

    11/27/2012 10:24:03 PM PST · by 2ndDivisionVet · 7 replies
    The San Francisco Chronicle ^ | November 27, 2012
    China China has been involved in rare-earth research and development since its first recovery of the oxides in 1950. Two years later, the General Research Institute for Nonferrous Metals, a major lab in Beijing, was founded. The Baotou Research Institute of Rare Earths in inner Mongolia, the largest rare-earth R&D facility in the world, was established in 1963 under Mao Zedong. This exceptionally long-term outlook resulted in China's leadership in the field. The Bayan Obo iron mine in Baotou Province in inner Mongolia is the center of the nation's rare-earth production. Rare earths have been discovered in 21 of China's...
  • Genco closing Lebanon County warehouse (70 laid off in Pennsylvania)

    11/27/2012 9:25:11 PM PST · by 2ndDivisionVet · 5 replies
    Central Pennsylvania Business Journal ^ | November 27, 2012 | Jim T. Ryan
    Pittsburgh-based logistics firm Genco in January plans to close its facility in Lebanon County, according to a notice filed with the state Department of Labor and Industry. The permanent closure of the warehouse at 2869 William Penn Highway in Bethel Township will include the layoff of 70 employees, according to the Worker Adjustment and Retraining Notification, or WARN, letter filed with the state. The layoffs are expected to begin Jan. 18. The WARN letter does not specify the reason for the warehouse closing. Genco representatives did not immediately return calls for comment. In 2006, Genco upgraded the 550,000-square-foot warehouse with...
  • Awrey's bakery workers to receive layoff notices, company facing uncertain future (150 in MI)

    11/27/2012 9:06:43 PM PST · by 2ndDivisionVet · 13 replies
    WXYZ-TV ^ | November 27, 2012
    LIVONIA, Mich. (WXYZ) - A lot of people who work for a well-known Michigan-based company are facing an uncertain future. The baking company Awrey's is expected to issue 60-day layoff notices to 150 employees. Awrey's has a storied history and is a Michigan insitution, but it's future is in question. The head of the union local here says the investment companies that own Awrey’s are looking for a new buyer or partner. And unless they find one 150 union workers could be out of a job. The union chief says by law Awrey’s gave them a 60-day warning that if...
  • Heat-Seeking Missiles in Syria: The SA-7 in Action with Rebels (Fast&Furious - Part Deux)

    11/27/2012 8:52:22 PM PST · by cunning_fish · 13 replies
    NYT Blog ^ | October 15, 2012 | C. J. CHIVERS
    Throughout this year, as fighting intensified in Syria and antigovernment fighters grew in numbers and in strength, it had seemed inevitable that they would acquire heat-seeking shoulder-fired missiles and turn them against the Syrian military aircraft. This blog had documented the part-by-part appearance in rebel hands of one old heat-seeking system, known as the SA-7. Since midsummer there have been occasional sightings of full systems but none, as far as we know, showing the system in actual use. Two videos recently posted on YouTube suggest that what had been expected is now occurring. The first video, embedded below and posted...
  • Biomass producer Big Island Carbon files Chapter 7 bankruptcy (Hawaii)

    11/27/2012 8:45:10 PM PST · by 2ndDivisionVet · 4 replies
    Pacific Business News ^ | November 27, 2012 | Janis L. Magin, managing editor, digital content
    Big Island Carbon LLC, which spent some $50 million to build a biomass plant to turn Hawaii-grown macadamia nut shells into granulated activated carbon, has filed for Chapter 7 bankruptcy. The company, which has not started commercial operations at the Kawaihae plant, has laid off all 25 employees, including CEO Rick Vidgen, who was let go on Oct. 9 along with Chief Operating Officer Fred Baker and Controller Gerald Gruber, according to documents filed with the U.S. Bankruptcy Court in Delaware, where the bankruptcy was filed on Nov. 5. Vidgen declined to comment on the bankruptcy filing. Big Island Carbon...
  • Meriter lays off 50 employees: Hospital says cuts are result of drop in Medicare reimbursements

    11/27/2012 8:36:10 PM PST · by 2ndDivisionVet · 18 replies
    WISC-TV ^ | November 27, 2012
    MADISON, Wis. - Meriter Hospital said it's laying off about 50 employees. In a statement Tuesday, Meriter Health Systems said it will see a significant drop in Medicare reimbursements beginning in January and the layoffs are a result of a plan that realigns positions in preparation for the cuts in Medicare reimbursement. Meriter confirmed that 140 positions are being eliminated, but through attrition and reassignments, it only expects approximately 50 employees to lose their jobs. Of Meriter's 3,500 employees, fewer than 4 percent were directly affected, according to the statement. Meriter said this change impacted all levels in the organization...
  • For Economic Growth: Full Steam Ahead!

    11/27/2012 7:14:21 PM PST · by jfd1776 · 5 replies
    Illinois Review ^ | November 27, 2012 A.D. | John F. Di Leo
    In the 1760s, the British fought a world war, partially to defend her American colonies from French encroachment. When they tried to unfairly raise taxes to pay for that war, American colonists objected, so the British solved the problem in a way that suited the times: They merely mandated that virtually all American commerce must move through London. Everything had to be exported to London and imported from London… so that the king would be sure to get his cut. The colonists objected, and started a war of independence over it, because the king had them chained; this coastal nation...
  • Occupy And Labor Argue That Higher Wages Can Solve Fiscal Cliff (Spew-worthy)

    11/27/2012 3:37:48 PM PST · by 2ndDivisionVet · 30 replies
    NYU Local ^ | November 27, 2012 | Brett Chamberlin
    With the fiscal cliff looming, the deficit ballooning and the economy far from booming, the ongoing debate over how best to address the nation’s economic woes remains unsettled. Now, labor leaders and Occupy networks are agitating for what may be the fix: higher wages. This Black Friday, workers at Walmart and other big box stores in 47 states began unprecedented demonstrations calling for higher wages and benefits. Although widespread and formally organized strikes have yet to be seen, the growing movement is likely to drive a larger national conversation about the way tens of millions of American workers are compensated....
  • Willow Lake Mine to remain closed; 400 layoffs to result (Illinois coal mine)

    11/27/2012 3:00:26 PM PST · by 2ndDivisionVet · 7 replies
    The State Journal-Register ^ | November 27, 2012 | Tim Landis
    EQUALITY - The southern Illinois coal mine where a worker died earlier this month will not reopen. Peabody Energy announced Tuesday the company has decided to permanently close the Willow Lake Mine and layoff notices have been sent to 400 employees. The mine was closed after the Nov. 17 death of Chad Wayne Meyers, 30, of Goreville. Meyers was pinned between a piece of machinery and the mine wall, according to the U.S. Mine Safety and Health Administration...
  • Oh, About Those Unfunded Liabilities

    11/27/2012 11:35:39 AM PST · by SatinDoll · 11 replies
    Market Ticker ^ | Nov. 27, 2012 | Karl Deninger
    In the duh department we have this: * * * * * * * * * * * The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure. * * * * * * * * * * * Did you get that?...
  • 'FAIRNESS': w/ CA Prop 30, Just 144,000 California Households (1% of taxpayers) Pay HALF the Tab...

    11/27/2012 11:28:59 AM PST · by Reaganite Republican · 4 replies
    Reaganite Republican ^ | 27 November 2012 | Reaganite Republican
    Yet even with 10% of wage-earners generating  80% of Golden State income tax revenue,  middle class schmoes making $48,000+/yr   still get socked with 9.3% on top of their IRS bill... You have to wonder if any of the heavily-taxed hipsters out in Cali realize that Russia -you know, that country that used to simply lock-up capitalists and take their stuff- now has a pro-business national flat tax of just 13%, with NO state/local income taxes to speak-of... when some people in high-tax US states will soon be paying combined state/federal rates approaching 50%. To add insult to injury, the new California 'Prop 30'...
  • Maybe it’s time to drop the picket signs and pick up a copy of The Road to Serfdom

    11/27/2012 9:44:30 AM PST · by Starman417 · 10 replies
    Flopping Aces ^ | 11-27-12 | Vince
    It was with great interest that I watched Facebook catch fire with support of the calls for picketing and sick-outs at Wal-Mart stores across the country on Black Friday. From what I could tell, most of those supporting the calls were liberals who attacked the company with claims that it doesn’t pay “a living wage”, “exploits” its workers, or owes its workers health care. I even saw one fantastical claim that a majority of Wal-Mart employees are on food stamps. The suggestion was that Wal-Mart should be forced (via government itself or indirectly via unions) to change completely how it...
  • Government Housing Policy and the Tragedy of the Commons

    11/27/2012 9:06:08 AM PST · by whitedog57 · 5 replies
    Confounded Interest ^ | 11/27/2012 | Anthony B. Sanders
    Owning or Renting: High Risk or Tragedy of the Commons? The tragedy of the commons is the depletion of a shared resource by individuals, acting independently and rationally according to each one’s self-interest, despite their understanding that depleting the common resource is contrary to their long-term best interests. Examples abound such as common grazing on public land, depletion of fish in the ocean and why public restrooms are usually filthy. Homeownership is an example of the “tragedy of the commons.” Public housing projects, such as the infamous Cabrini Green in Chicago, are an example. Public housing is often poorly maintained...
  • State Board of Education President Makes False Voucher Claims

    11/27/2012 8:40:42 AM PST · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 11/26/2012 | Tom Gantert
    The president of the State Board of Education was wrong when he compared a bill that would change how education is funded to a voucher system, said Michael Van Beek, education policy director at the Mackinac Center for Public Policy. John Austin, president of the State Board of Education, made the comparison when discussing the Michigan Public Education Finance Project proposal, which would allow public schools to take state money from students no matter where they live. In addition to being on the State Board of Education, Austin is a nonresident senior fellow at the Brookings Institution, a center-left think...
  • Future Potential Presidential Nomination Conflict In Several States For 2016

    11/27/2012 2:36:22 AM PST · by Cincinatus' Wife · 17 replies
    The Progressive Professor ^ | November 23, 2012 | Ronald L. Feinman
    It is never too early to think ahead about the Presidential Election of 2016, and as pundits start debating and arguing about potential candidacies for President, it turns out that several states could witness a battle for the nomination among their own office holders, as witness the following: New York–Secretary of State Hillary Clinton, Governor Andrew Cuomo, and Senator Kirsten Gillibrand–all Democrats Florida—Former Governor Jeb Bush, Governor Rick Scott, and Senator Marco Rubio–all Republicans. Virginia—Governor Bob McDonnell, Republican, and Senator Mark Warner, Democrat. Massachusetts—Governor Deval Patrick and Senator Elizabeth Warren–both Democrats. New Jersey—Governor Chris Christie, Republican, and Newark Mayor Cory...
  • A Constitutional Republic or a Socialist Democracy?

    11/27/2012 12:36:56 AM PST · by jenk · 16 replies
    jenkuznicki.com ^ | 11/27/12 | task
    The recent election loss at a time when every economic indicator over the previous four years should have catapulted Romney to victory, started me to seriously think; not think about Romney’s failures, not about what the conservative movement should have done or about two parties which were once upon a time closer at their furthest distance than they were even in FDR’s time (and that says a lot). In fact other than 1860 we have never been so dissimilar and as a people, so divided. A thought often wonders about its origin as much as what it is about; something...
  • Former Employee: ACORN Still Alive and Well

    11/26/2012 7:54:04 PM PST · by 2ndDivisionVet · 12 replies
    Breitbart's Big Government ^ | November 26, 2012 | Tony Lee
    Former ACORN employee and whistleblower Anita Moncrief said ACORN is far from dead and is still “colluding” and “working with” the President Barack Obama's Department of Justice. Moncrief appeared with Conservative commentator David Webb in a one-hour special about the “District of Corruption” movie on FOX News’ “Hannity.” She specifically discussed how community organizing groups on the left put pressure on institutions like banks to get them to relent to their “equal outcomes” agenda. Moncrief said ACORN would help people report food stamps and other “under-the-table” incomes as income to get subprime mortgages that eventually caused the housing market to...
  • NYC Lags in Granting Relief to Some Illegal Immigrants

    11/26/2012 3:28:04 PM PST · by moonshinner_09 · 13 replies
    WNYC ^ | November 26, 2012 | Sasha Chavkin
    Benito rarely emerges from the sushi bar where he works preparing fish and meat, and making deliveries on a small white motorbike, before the middle of the night. He considers ten, eleven or even twelve hours of work to be a successful evening, yielding good money to send back to his parents and his three-year-old daughter in Mexico. “The more we work the more they pay us,” Benito said. “Most of it goes back to Mexico so that my family can eat.” But Benito, who asked us not use his last name, has a problem. He crossed the border illegally...
  • C.R. Bard announces layoff of 54 workers in Queensbury (New York)

    11/26/2012 2:06:27 PM PST · by 2ndDivisionVet · 9 replies
    The Glens Falls Post-Star ^ | November 26, 2012 | Jamie Munks
    The C.R. Bard plant in Queensbury is laying off 54 full-time employees, citing lower-than-projected sales. Employees were notified of the layoffs Monday, and the actual reductions will take place over the next few weeks. The layoffs announced Monday are on top of 55 layoffs at the medical device manufacturing plant in July, said Scott Lowry, C.R. Bard vice president and treasurer. “It’s a challenging health-care environment for a lot of reasons,” Lowry said. “We’re right-sizing to meet those changes. We’re not seeing the volumes we had in the past, the volumes we were expecting.” No additional layoffs are planned for...
  • Democrats “New Deal”….Raise Taxes, Gain More Power, & Deify Obama

    11/26/2012 12:19:41 PM PST · by Starman417 · 8 replies
    Flopping Aces ^ | 11-26-12 | Curt
    Here we go again, Obama Rapture Redux: http://www.youtube.com/watch?v=tyWIcmBYUBcAmazing. Meanwhile Obama and company are all over the airwaves calling for tax hikes on the rich because a few billion will fix everything, which is complete baloney: I’m simply staggered at the number of things that raising taxes on the rich is now supposed to fix. A partial list: Our crumbling roads, our cracked bridges, our decaying electrical grid, our failing schools, our bankrupt entitlements, our reliance on fossil fuels, and our over-extended public pensions. But why will billions more dollars succeed when trillions of dollars have failed? We pour more money...
  • Propark America to lay off 186 employees in New Haven

    11/26/2012 12:11:22 PM PST · by 2ndDivisionVet · 19 replies
    The New Haven Register ^ | November 26, 2012 | Luther Turmelle
    Propark America, which operates 31 parking garages and lots around New Haven, is laying off 186 employees in January. The Hartford-based company filed a Worker Adjustment and Retraining Notification Act (WARN) notice Nov. 20 with the Connecticut Department of Labor. The notice indicates that the layoffs are scheduled to begin on Jan. 20 and does not indicate whether all of the employees are being laid off at once. The WARN Act is a federal law requiring employers of 100 or more full-time workers to give 60 days advance notice of a plant closing or mass layoff...
  • Bad Omen: Both Chicago and Dallas Activity Indices Decline In Face of Fiscal Cliff

    11/26/2012 11:23:22 AM PST · by whitedog57 · 7 replies
    Confounded Interest ^ | 11/26/2012 | Anthony B. Sanders
    The Republicans keep putting new tax revenue on the table (capping deductions), Warren Buffet suggests increasing tax rates on households earning $500k and above, but President Obama and Democrats replied “Nyet.” It is always a risky proposition to raise taxes when the economy is so fragile. Speaking of a fragile economy, the Chicago Fed National Activity Index printed at -0.56 for October and a previous reading of 0.00 in September. A print of -0.56 indicates economic contraction. Meanwhile, down in Texas, the Dallas Fed’s Manufacturing Outlook Level of General Business Activity was expected to print at +2.5, but printed at...
  • Interesting: California’s Approved Hanguns All Have Expiration Dates

    11/26/2012 10:54:06 AM PST · by marktwain · 25 replies
    After 12/31/2013, there are none (except for one model – likely a typo – with a 2033 date).
  • Liberal think tank “make believe” aside, the U-Haul index shows Californians fleeing to Texas

    11/26/2012 6:16:31 AM PST · by jmaroneps37 · 26 replies
    coachisright.com ^ | Kevin "Coach" Collins
    Here’s a bit of good news: California’s economy is improving! Of course it is not true and this pronouncement comes from a liberal think tank, but hey it sounds so good doesn’t it? What’s laughable is that The Rockefeller Foundation and Yale professor Jacob Hacker claim this “improvement” is proven by the fact that the percentage of California’s families reporting a major economic loss last year dropped by 1.4% which is a whole .10% better than the national average. The fact that California is so economically distressed and has been for so long that there are few families left to...
  • PRAVDA: Obama Voters = Ignorant Tools: 'Illiterate Society'; 'Communist w/out Question'

    11/26/2012 5:55:15 AM PST · by Reaganite Republican · 8 replies
    Reaganite Republican ^ | 26 November 2012 | Reaganite Republican
    This from people that know a thing or two about the pitfalls of socialism... _______________________________________________________________________ In the wake of unlikely GOP defeat, am I the only one that's gone from hating on the lyin', cheatin' progs... to blaming Romney... to the-more-I-think-about-it wanting to go out and wring each-and-every Obama voter's goofy neck personally?  The 60s had the go-getter 'jet set'- guess we've got the tool set: _______________________________________________________________________ Pravda (highlights mine): Recently, Obama has been re-elected for a 2nd term by an illiterate society and he is ready to continue his lies of less taxes while he raises them...  He is a Communist...
  • (Vanity) Demographics Are Not Destiny, Part II: The Wages of Sin is Debt, or, The Horny of Plenty

    11/25/2012 6:21:36 PM PST · by grey_whiskers · 11 replies
    grey_whiskers | 11-25-2012 | grey_whiskers
    This is a brief follow-on piece to the original, (Vanity) Demographics Are Not Destiny, or, It's Just How We Roll In that piece I considered the GOP-e's analysis of the 2012 Presidential Election loss as due to unsurmountable demographic shifts in the electorate, and showed that the changes in the electorate were not due solely to demographics, but to changes in the labor market and the attitudes instilled into the historical blue-collar voting bloc (across sexual and racial lines) in an attempt to gain political power. I then showed the financial dangers of such an approach and compared them to...
  • The "Good News" about the Election

    11/25/2012 5:18:53 PM PST · by grumpa · 15 replies
    Free Texas Constitution blog ^ | November 25, 2012 | Off Grid Blogger
    The good news about the election is that when you are finally able to get in to see your unionized government doctor, the euthanasia shot he gives you will be paid for by some rich atheist that you never met–as authorized by a death panel in a far distant state. Best of all, nobody will have any remorse. Like the Borg from Star Trek, who commit evil without a conscience, our society is rapidly moving to evil without emotions. Texans, the only way to avoid tyranny is secession! Let’s get out now before it’s too late. Secession is no longer...
  • Lamborghini Miami Strikes Gold With Foreign Rich

    11/25/2012 4:22:22 PM PST · by 2ndDivisionVet · 8 replies
    CNBC ^ | November 20, 2012 | Robert Frank, Reporter & Editor
    Brett David has been selling Lamborghinis in Miami since he was 14 years old. But never before has he sold so many super-cars to so many overseas buyers. “I haven’t sold a Lamborghini to somebody who spoke English as their primary language in months and months, ” said David, the CEO of Lamborghini Miami, founded by his father. “It’s been months and months.” The flood of overseas wealth pouring into the United States is remaking many corners of the economy, from the Manhattan condo market to the market for Abstract Expressionist paintings to wine, jewelry and fashion. But nowhere is...
  • Walmart stands firm against the opening post election attacks by Obama’s Union thugs

    11/25/2012 2:33:46 PM PST · by jmaroneps37 · 12 replies
    coachisright.com ^ | Nov 25, 2012 | Kevin "Coach" Collins
    Immediately after Barack Obama’s reelection his union masters beat their chests and growled their demand for “Card Check” the decidedly anti-American dream of Big labor to use physical intimidation to force all of America to be unionized. Under this demented scheme union goons would be allowed to threaten and intimidate workers to scare them into voting to unionize thereby allowing union bosses to steal a portion of their paychecks each week in return for keeping their jobs. Democrats love this because as the crooks and lowlifes they are they look forward to union kickbacks of this extorted money which they...
  • If Reason and Compromise don't Work, how about Music? Civil War could be a bad Alternative.

    11/25/2012 2:08:29 PM PST · by DanMiller · 14 replies
    Dan Miller's Blog ^ | November 25, 2012 | Dan Miller
    Music and verse have long encouraged churches, nations and others. Perhaps it's time to try that again. Yesterday, I posted this piece because it provided a brief respite from the horrors of what now passes for civilization. It includes two YouTube videos of "flash mobs" doing their bit for good and a rendition of The Impossible Dream. Descending from my cloud of euphoria, I began to wonder whether music and verse might inspire us to understand what we need to do before it becomes too late. During the years of Irish Rebellion, songs of revolution inspired many. During the War...
  • (Vanity) Demographics Are Not Destiny, or, It's Just How We Roll

    11/25/2012 1:22:31 PM PST · by grey_whiskers · 7 replies
    grey_whiskers | 11-25-2012 | grey_whiskers
    In the aftermath of President Obama's unexpected re-election, and the even more unexpected further erosion of GOP power in both the House and Senate, the usual GOP firing squad has swung into action. Some have blamed the loss on Romney's incompetent GOTV tool, Orca; others on various flavors of conservativism, from the religious right to those who favor restrictions on immigration; still others blame the problem on the infamous "47% remark" and Obama's pandering to the single mom demographic. And of course, one of the siren calls from the usual group of DC-consultant-whores and Democrat moles and turncoats, is that...