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Business/Economy (News/Activism)

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  • Sheldon Silver’s law firm rakes in millions from judges he controls (New York Dem corruption)

    01/25/2015 8:26:52 AM PST · by dennisw · 7 replies
    Chief of Staff rallies Democrats behind Sheldon Silver Sheldon Silver declines synagogue's prayer offer Democrats defend Silver because they profit from his corrupt system Silver's law firm rakes in millions from judges he controls Show us the money Sheldon Silver's arrest sends Albany into a state of panic Sheldon Silver has perverted the courts as well as the Capitol. His law firm, Weitz & Luxenberg, gets its asbestos cases — and paydays — moved more quickly than those of other attorneys, and reaps a fortune from favorable rulings by friendly judges, charge lawyers and tort-reform advocates. Silver’s East Village firm...
  • Climate change is not a concern for CEOs? That should keep us all awake

    01/25/2015 6:14:57 AM PST · by Oldeconomybuyer · 9 replies
    Guardian UK ^ | January 25, 2015
    The first day of the World Economic Forum in Davos was dominated by calls for 2015 to be a year of action on climate change. But while some in the business community worry about sustainability, there is plenty of evidence that the vast bulk of business executives give it no consideration at all. “We are seeing the accelerated impact of climate change,” World Bank boss Jim Yong Kim said in a speech on Wednesday. “Last year was the hottest on record. That matters. Extreme weather is real. It’s a complete no-brainer to move towards cleaner, more livable cities.” Yet according...
  • Liberals, Islamists Take Same Stand on Free Speech

    01/25/2015 6:11:40 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | January 25, 2015 | John Ransom
    apzzyk12 wrote: As a comrade (progressive Democrat), I would like to remind the author that it was over the very strong objections of the TEA party that the Democrats passsed the Lilly Ledbetter Act , which allows women to sue at any time, if they have been paid less than the males for doing the same work. The the Federal system, one has some idea of what others make by their GS level, so there is very little discrimination in that system, while in the private sector it remains taboo for employees to compare wages.- Mitt Who?Dear Pzzy,Employees in the...
  • Global economy hopes raised after European stimulus

    01/24/2015 10:50:50 PM PST · by Tolerance Sucks Rocks · 17 replies
    12 News ^ | January 25, 2015 | Pan Pylas
    DAVOS, Switzerland (AP) - The global economic outlook just got brighter after this week's big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. In a panel at the World Economic Forum in Davos, they said a perkier Europe, coupled with a prolonged period of low oil prices, could help shore up the global economy following a period of underperformance that has prompted many forecasters to reduce their growth forecasts. "Lower oil prices and the big decision by ECB could further improve world economic outlook," said Haruhiko Kuroda, governor of the Bank of Japan.
  • Millions of German workers in poverty

    01/24/2015 4:59:11 PM PST · by Olog-hai · 22 replies
    Deutsche Welle ^ | 24.01.2015 | [se/sb (AFP, epd)]
    About 3.1 million wage and salary earners in Germany had an income below the poverty threshold, according to Saturday’s edition of the Saarbrücker Zeitung newspaper. The paper cited an overview from Germany’s Federal Statistical Office showing the most recent available data, which covered the year 2013. It also showed the numbers of workers struggling to make ends meet jumped from about 2.5 million in 2008—an increase of 25 percent in five years. Data based on household surveys showed that those living on low wages were cutting back on food and heating, among other things, to save money. According to a...
  • Merkel offers Russia free-trade agreement (with EU)

    01/24/2015 4:40:06 PM PST · by Olog-hai · 5 replies
    TheLocal.de ^ | 23 Jan 2015 08:23 GMT+01:00 | (DPA/The Local)
    Germany would be prepared to negotiate a free-trade agreement between the European Union and Russia as a way out of the deadlocked Ukraine conflict, Chancellor Angela Merkel said on Thursday. Merkel told the World Economic Forum in Davos that Germany was “ready” to open talks about “possibilities for cooperating in a collective trade area”, the Süddeutsche Zeitung reported. But she said that a precondition for the plan, suggested by Russian President Vladimir Putin several years ago but ignored by European leaders, would be a comprehensive peace agreement in Ukraine. …
  • Ted Cruz Just Launched His Iowa Campaign

    01/24/2015 3:51:41 PM PST · by 2ndDivisionVet · 177 replies
    National Journal ^ | January 24, 2015 | Tim Alberta and Shane Goldmacher
    The Texas conservative and his team are trying to lock down a state director for his White House run.DES MOINES -- Ted Cruz's presidential campaign​ in Iowa is unofficially underway. The Texas senator and his lieutenants have been making calls to top Iowa activists and consultants for the past two weeks, multiple Republican sources told National Journal, hoping to lock down a state director for his White House campaign. Cruz has not yet made that critical hire, the sources said. But he's making other moves in this first nominating state. At the end of a fiery speech here Saturday to...
  • The ‘House Rich” movement, and the woe of aftermath

    01/24/2015 9:26:07 AM PST · by Kaslin · 15 replies
    Townhall.com ^ | January 24, 2015 | Nick Sorrentino
    Where I live they are building houses again. The neighborhood beside me should have been built 5 years ago and finally the bulldozers are in motion again. But don’t call it a recovery. There is no vibrance in the market. Just a subset of people escaping places like California with solid state jobs at the University.But even here there is concern. 2 years ago the builders began again, thinking the market had finally turned. But after a brief uptick things settled down again. The all cash buyers disappeared and all that was left were regular people who actually needed mortgages.And getting...
  • Tsunamis Most Often Come Without Warning

    01/24/2015 9:05:11 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | January 24, 2015 | John Browne
    On Thursday, January 15th, the Swiss National Bank (SNB) discontinued its three year effort to maintain its minimum currency floor of the Swiss franc. In a single day the move sent the Swiss Franc (SWF) climbing a massive 21% against the U.S. dollar and 41% against the euro. The move sent shockwaves of unprecedented ferocity through the massive foreign exchange (FX) market, which is by far the largest, and most highly levered, trading market in the world. The monetary tsunami threatened both FX participants and even their brokers. But more importantly, even as the rest of Europe looks to suffocate...
  • "World Running Out of Positive-Yield Bonds"

    01/24/2015 8:58:19 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | January 24, 2015 | Mike Shedlock
    In the wake of ECB's €60 billion a month QE madness (see "QE already Working" Says IMF Lagarde; Ho-Hum Details Announced; Gold the Place to Be), one might be wondering what it may do to European bond yields. German 10-Year Bond Yield image: http://3.bp.blogspot.com/-of_KecAryfU/VMKLTNvRyfI/AAAAAAAAcFk/6Kswiqag_hg/s400/German%2B10-Year%2Bbond%2Byield.png click on chart for sharper image Since September of 2013, yield on the German 10-year bond has plunged from around 2% to 0.367%. ECB Risks German Bonds Mismatch Exceeding 100 Billion Euros With €720 billion annual asset purchases, a huge portion of the bonds the ECB buys will be German. Bloomberg explains ECB Risks German Bonds...
  • Strangelove and the End of the World

    01/24/2015 8:51:21 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | January 24, 2015 | Charles Payne
    The conflicting messages from Wall Street and the end of the world collided Thursday. Wall Street’s Odd Way of Showing LoveVirtually, all firms on the street are bullish in 2015 for a variety of reasons that include economic momentum, wage growth, an accommodative Fed (even a rate hike would be infinitesimal), and a strong dollar.Yet, every single day this year, there have been more stock downgrades than upgrades. In fact, year-to- date, it is almost a two to one ratio. This morning, the ratio was almost 4 to 1, with only 11 upgrades. Analyst Rating Changes Yesterday Year to Date Upgrades...
  • Are Easy-Money Policies an Obstacle to Genuinely Needed Pro-Growth Reforms?

    01/24/2015 8:42:05 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | January 24, 2015 | Daniel J. Mitchell
    Everyone, it seems, is worried about global economic stagnation.And there is good reason to be concerned. Europe is in the doldrums. Japan is stagnant. The developing world is hampered by intervention, corruption, and absence of property rights. And the United States is stumbling through an abnormally weak recovery.But what’s the solution to this economic malaise?The international economic policymaking elite seems to think easy money is the right elixir. The Wall Street Journaleditorial page is underwhelmed by this approach. European Central Bank President Mario Draghi announced a plan to buy what amounts to €50 billion ($56.84 billion) a month in government bonds...
  • How the CIA made Google

    01/24/2015 7:58:44 AM PST · by Enlightened1 · 71 replies
    Medium ^ | Nafeez Ahmed
    The United States intelligence community funded, nurtured and incubated Google as part of a drive to dominate the world through control of information. Seed-funded by the NSA and CIA,Google was merely the first among a plethora of private sector start-ups co-opted by US intelligence to retain ‘information superiority.’ The origins of this ingenious strategy trace back to a secret Pentagon-sponsored group, that for the last two decades has functioned as a bridge between the US government and elites across the business, industry, finance, corporate, and media sectors. The group has allowed some of the most powerful special interests in corporate...
  • Carl's Jr Super Bowl Ad Cooks Controversy

    01/24/2015 7:30:28 AM PST · by null and void · 120 replies
    ABC News ^ | 1/24/14
    Video at source
  • The Jerk(s) are Pouting

    01/24/2015 5:04:00 AM PST · by Kaslin · 28 replies
    Townhall.com ^ | January 24, 2015 | John Ransom
    Obama’s pouting again. The jerk’s in a snit because the media is finally being critical of Obama in a way nobody on the Left side of the aisle has ever been. It would be funny, if it weren’t so serious. “There was a general tone of suspended disbelief when he started talking about foreign policy,” said NBC’s Richard Engel in regard to Obama’s State of the Union Speech. “There are not a lot of success stories to be talking about in foreign policy right now. And the general tone, which was, moving on, starting again, starting a new chapter, moving...
  • As Euro Slides, Strategists Cut Forecasts

    01/24/2015 3:51:11 AM PST · by SkyPilot · 13 replies
    The Wall Street Journal ^ | 23 Jan 15 | Tommy Stubbington and James Ramage
    Rip up your euro forecasts. A day after the European Central Bank unveiled its bond-buying program, the single currency still was in free fall, blowing past analysts’ expectations for how low the euro can go. Some investors now say the euro could fall to the point where it is on equal footing with the U.S. dollar for the first time since it climbed above the buck in late 2002. “If you would have asked me a few months ago, I would’ve said that parity could be in the cards in the years ahead. Now, we can’t rule it out anymore...
  • Obama will travel to Saudi Arabia for King Abdullah's funeral (by skipping Taj Mahal visit)

    01/24/2015 3:05:36 AM PST · by Cincinatus' Wife · 93 replies
    The Hill ^ | January 24, 2015 | Jessica Taylor
    President Obama will forego a visit to the Taj Mahal during his visit to India in order to travel to Saudi Arabia for King Abdullah’s funeral, the White House announced early Saturday morning. Vice President Biden was initially scheduled to lead the U.S. delegation, but he will instead now remain in Washington and Obama will add the stop onto his return from India, where the president is embarking on a three-day trip to foster economic ties with the nation. “President Obama and the First Lady will travel to Riyadh on Tuesday, January 27 in order to pay respects to King...
  • Middle Class: Collateral Damage From Obama Tax Proposal

    01/23/2015 11:32:35 AM PST · by Kaslin · 15 replies
    Townhall.com ^ | January 23, 2015 | Hank Adler
    Let's assume George and Ethel, two teachers, purchased their Southern California home in 1966 for $45,000. Lets also assume that over the next fifty years, the value of the house increased to $1,345,000. Let's also assume that George and Ethel had four children and each of them went to a private four year college and that George and Ethel continued to re-finance their home to put their children through college and take a few cruises. Today, there is a $1,145,000 loan on the house. With pensions and other savings, the now retired teachers manage to pay their mortgage and live...
  • Gun Businesses Seek Ways To Survive While Denied Basic Business Services

    01/23/2015 8:24:56 PM PST · by paltz · 17 replies
    The Daily Caller ^ | 1/23/15 | Kerry Picket
    LAS VEGAS — Josh Karrasch, a small business owner in Falls Church, Va., discovered quickly that making an honest living within the firearms industry does not prevent his bank account from being closed or from being kicked out of commercial real estate space. Despite favorable legal decisions, the popularity of concealed carry permits and a recent spike in firearm and ammunition sales, firearms business owners find they are being pressured out of business by being cut out of basic financial, real estate and advertising services. The House Oversight and Government Reform Committee released a report last month showing the Federal...
  • Whistleblower: Pelosi Covered Up Role In Crisis

    01/23/2015 7:57:27 PM PST · by roses of sharon · 10 replies
    IBD ^ | 1/22/15
    Subprime Scandal: We've long suspected the Financial Crisis Inquiry Commission wasn't honest in examining events before the meltdown. But an ex-commissioner says the probe was actually a full-blown political cover-up. In a just-released book, former FCIC member Peter Wallison says that a Democratic Congress worked with the commission's Democratic chairman to whitewash the government's central role in the mortgage debacle. The conspiracy helped protect some of the Democrats' biggest stars from scrutiny and accountability while helping justify the biggest government takeover of the financial sector since the New Deal. Wallison's sobering, trenchantly written "Hidden in Plain Sight: What Really Caused...
  • Planned Parenthood Permanently Closes Abortion Clinics in New York and Washington

    01/23/2015 7:47:33 PM PST · by Morgana · 3 replies
    lifenews.com ^ | 1/22/15 | Cheryl Sullenger
    As pro-life supporters from around the nation gather in Washington, D.C. today to mark the 42nd memorial of the 1973 Roe v. Wade Supreme Court decision that decriminalized abortion in the U.S., Operation Rescue announces that two more abortion facilities have permanently closed. “Today, as pro-lifers, we should be encouraged that our efforts have not been in vain. Abortion clinics are closing in record numbers due to their tireless work of men, women, and young people all across this nation,” said Operation Rescue President Troy Newman. “America is beginning to reject abortion, and that is evidenced in closed clinics and...
  • Did Bloomberg try to buy the New York Times?

    01/23/2015 6:38:54 PM PST · by SeekAndFind · 10 replies
    Hotair ^ | 01/23/2015 | Ed Morrissey
    Talk about your what-ifs. New York Magazine’s Gabriel Sherman reports this morning that Michael Bloomberg attempted to engage Arthur Sulzberger in talks to buy the New York Times as his final term as mayor in the Big Apple came to an end. Sulzberger shrugged him off, but Sherman says Bloomberg still wants the newspaper in his empire: Near the end of Bloomberg’s time as mayor, he told Times chairman and publisher Arthur Sulzberger Jr. that he was interested in buying the Times, according to a source with direct knowledge of the conversation. Sulzberger replied that the paper was not...
  • Green groups push EPA to address airline emissions

    01/23/2015 4:10:09 PM PST · by Oldeconomybuyer · 21 replies
    Summit County Citizens Voice (CO) ^ | January 23, 2015 | by Bob Berwyn
    FRISCO — With the EPA set to decide in May whether aircraft carbon pollution endangers public health or welfare, the battle over airline industry emissions in heating up. This week, six major green groups called on the EPA and the Federal Aviation Administration to move quickly to set emission standards to curb greenhouse gas pollution from the nation’s aircraft fleet. “The Obama administration needs to finally hold the airline industry accountable for its massive greenhouse gas emissions,” said Vera Pardee, a senior attorney with the Center’s Climate Law Institute. “The EPA has delayed action for years, and our climate is...
  • The World Misery Index: 108 Countries [ Venezuela, Argentina ..]

    01/23/2015 3:40:49 PM PST · by george76 · 5 replies
    Cato Institute ^ | January 22, 2015 | Steve H. Hanke
    The five most miserable countries in the world at the end of 2014 are, in order: Venezuela, Argentina, Syria, Ukraine, and Iran. In 2014, Argentina and Ukraine moved into the top five, displacing Sudan and Sao Tome and Principe. The five least miserable are Brunei, Switzerland, China, Taiwan, and Japan. The United States ranks 95th, which makes it the 14th least miserable nation
  • Fired US McDonald's workers allege racial discrimination

    01/23/2015 2:54:22 PM PST · by SkyPilot · 91 replies
    Yahoo News ^ | 23 Jan 15 | AFP Reporter
    A group of former McDonald's workers is suing the fast-food giant in the United States for alleged racial discrimination and sexual harassment after they were fired from several restaurants in Virginia. According to the civil rights complaint filed Thursday, workers at franchised restaurants in the southern state of Virginia were "subjected to rampant racial and sexual harassment, committed by the restaurants' highest-ranking supervisors." The lawsuit potentially has broad implications because it contends that McDonald's is responsible for the well-being of workers at all its restaurants, even if they are franchises. The plaintiffs, nine of whom are black and one...
  • Affordable Care Act surcharge tacked on to restaurant bills

    01/23/2015 2:33:14 PM PST · by lowbridge · 37 replies
    newschannel10.com ^ | january 8, 2015 | madison alewel
    Some Buffalo Wild Wings customers are noticing an extra charge on their bill that up until now has not been seen in the Panhandle. The Buffalo Wild Wings restaurants in both Amarillo and Lubbock recently attempted to pass their employee health insurance costs on to their customers by adding an Affordable Care Act surcharge. The two percent surcharge started appearing on bills January 1--the same day businesses with 100 or more employees were mandated to provide insurance to at least 70 percent of their full-time employees. The Howard Restaurant Group who owns the Buffalo Wild Wings said it implemented the...
  • Telomere extension turns back aging clock in cultured human cells, study finds

    01/23/2015 2:28:53 PM PST · by Red Badger · 15 replies
    medicalxpress.com ^ | Provided by Stanford University Medical Center
    A new procedure can quickly and efficiently increase the length of human telomeres, the protective caps on the ends of chromosomes that are linked to aging and disease, according to scientists at the Stanford University School of Medicine. Treated cells behave as if they are much younger than untreated cells, multiplying with abandon in the laboratory dish rather than stagnating or dying. The procedure, which involves the use of a modified type of RNA, will improve the ability of researchers to generate large numbers of cells for study or drug development, the scientists say. Skin cells with telomeres lengthened by...
  • Deere to cut more than 900 U.S. workers as farm economy weakens

    01/23/2015 1:35:11 PM PST · by Kartographer · 7 replies
    Reuters via Yahoo Finance ^ | 1/23/15 | Tom Polansek
    Deere & Co , the world's largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery. The layoffs, which represent about 3 percent of Deere's workforce in the United States and Canada, are set to begin early next month, the company said in a statement. The cuts at facilities that build agricultural equipment reflect Deere's attempt "to align the size of its manufacturing workforce to market demand for products," according to...
  • Keystone debate ends with Democrats' ire

    01/23/2015 1:01:55 PM PST · by Cincinatus' Wife · 8 replies
    CNN ^ | January 23, 2015 | Alexandra Jaffe
    Washington (CNN)Senators worked till midnight on Thursday moving through a series of amendments to a bill that would green-light construction of the controversial Keystone XL pipeline, but Senate Democrats wanted to stay longer. At least, they were frustrated with what they said was a double standard from Senate Majority Leader Mitch McConnell, who moved to end debate on the bill and set up a final vote next week after tabling a number of Democratic amendments. The Senate had already voted on 15 amendments, 10 of which were offered by Democrats and another five from Republicans. But Democrats cried foul at...
  • Ted Cruz & Climate Change (Is this all they have? If so, he has a great chance of being next prez)

    01/23/2015 12:25:24 PM PST · by 2ndDivisionVet · 4 replies
    The Cagle Post ^ | January 23, 2015 | Rick Jensen
    If this is the best liberals can do to disparage Ted Cruz, the Texas Senator has a great chance of being our next President. Adam Estes at Gizmodo.com fired off a salvo that simply begs a little asterisking.** Estes writes: “Even though Cruz is from Houston, home of Johnson Space Center, there’s reason to believe that he’ll continue his pursuit of trying to deflate the space agency. Heck, just look at all the dumb things he’s said about science in recent years.” “Net Neutrality’ is Obamacare for the Internet; the Internet should not operate at the speed of government.” –...
  • Why Nisman's Killing In Argentina Matters To The U.S.

    Years ago, Henry Kissinger dismissed Argentina (or sometimes Chile, depending on the version) as "a dagger pointed at the heart of Antarctica." In 2015, things are a bit different. It's not that this country has anything to teach us about economics, other than what not to do. But a lot of vital news is emanating from that country — from the new Argentine pope to, perhaps even more pointedly, the aftermath of the shocking death of Argentine special prosecutor Alberto Nisman, which has special relevance to our war on terror and confrontation with Iran.
  • EPA Putting Electricity Grid At Risk

    01/23/2015 11:58:15 AM PST · by Tolerance Sucks Rocks · 15 replies
    The Daily Caller ^ | January 22, 2015 | Mike Duncan
    When the temperature dips below freezing, reliable electricity becomes more than a matter of convenience but a matter of life and death. Unfortunately, the reliability of our electric grid is at-risk due to EPA regulations that are shutting down America’s coal plants.Existing EPA regulations already have led to the scheduled shutdown of nearly 20 percent of the U.S. coal fleet. EPA’s newest carbon regulations being finalized this summer will lead to even more shutdowns. With coal responsible for generating nearly 40 percent of America’s electricity, these shutdowns will further strain our nation’s electricity grid and could leave many Americans in...
  • Obama: States more likely to legalize pot

    01/23/2015 11:33:34 AM PST · by Tolerance Sucks Rocks · 53 replies
    The Hill ^ | January 22, 2015 | Justin Sink
    President Obama believes more states are likely to legalize marijuana following efforts in Colorado and Washington state. "My suspicion is that you're going to see other states look at this," the president told YouTube blogger Hank Green. Obama said that the federal government was "not going to spend a lot of resources" enforcing federal marijuana laws in states that had decided to legalize the drug. He also noted that the Department of Justice was examining how to shift policies for nonviolent drug offenders. In an interview with The New Yorker last year, Obama appeared to tacitly endorse a Colorado referendum...
  • Harvard prof embroiled in Chinese food bill flap wants retraction from Globe site

    01/23/2015 11:17:07 AM PST · by pabianice · 19 replies
    Boston Herald ^ | 1/23/15 | Boss
    The Harvard professor accused by the Boston Globe’s Boston.com of sending a racist email to a Chinese restaurant in a dispute over a food bill says “good journalistic practices” dictate that the website should officially retract the story. Harvard Business School professor Ben Edelman said then-deputy editor Hilary Sargent, demoted after the website said it could not verify that Edelman had written the racist email, never contacted him before posting the story. “My sense is that good journalistic practices would call for both a retraction and an admission that they didn’t follow the procedures understood to be appropriate — for...
  • America's first offshore wind project dealt major setback after utilities bolt

    01/23/2015 10:42:31 AM PST · by woodbutcher1963 · 21 replies
    Fox News ^ | January 23, 2015 | Hillary Vaughn
    An ambitious and controversial push to erect America's first offshore wind farm has been dealt what some call a potentially "fatal" blow after two utility companies pulled out of commitments to buy energy from the lagging operation. The $2.6 billion Cape Wind project, a private operation benefiting from millions in federal subsidies, is attempting to pioneer offshore wind energy in pursuit of an eco-friendly, sustainable energy supply. Wind turbines would be installed off the coast of Massachusetts' Cape Cod in Nantucket Sound. But Cape Wind is now in limbo after utility companies terminated huge purchase agreements. They pulled out after...
  • Economy in tatters, Venezuela's Maduro tells citizens 'God will provide'

    01/23/2015 8:55:07 AM PST · by Kartographer · 35 replies
    “We have confidence in God but not so much Maduro. He’s to blame for all this,” says Marvelis Bazque, a housewife standing in line. She’s referencing a line from the president’s speech Wednesday night, where he assured Venezuelans that despite a big drop in the price of oil, which the nation greatly relies on, “God will provide.”
  • Small businesses dumping employee health insurance

    01/23/2015 8:39:56 AM PST · by Paul46360 · 7 replies
    WOODTV ^ | 1-22-15 | Tom Hillen
    "A new survey released Thursday by Grand Valley State University is showing that since the Affordable Care Act was implemented, more small businesses are deciding not to offer health insurance to their employees."
  • Oil Majors Seek To Claw Back Costs From Service Firms

    01/23/2015 8:13:07 AM PST · by thackney · 4 replies
    Reuters via Rig Zone ^ | January 22, 2015 | Dmitry Zhdannikov
    Global oil majors say they are demanding cheaper but better services from engineering and service companies, or simply taking work back in-house, after losing hundreds of billions on cost overruns in the last five years. Cost overruns and delays were the main reason why oil majors generated less cash than shareholders expected when oil was over $100 per barrel.... While keen to avoid accusations of ganging up to force terms on suppliers, they are exploring measures that are likely to put further pressure on services companies such as Schlumberger and Halliburton, which have already cut thousands of jobs as business...
  • PERS points out weaknesses in Nevada think tank’s retirement study

    01/23/2015 7:27:54 AM PST · by redreno · 8 replies
    http://www.reviewjournal.com ^ | January 22, 2015 - 4:21pmUpdated | By SEAN WHALEY
    CARSON CITY — A retirement system official said Thursday a report showing that some public employees who retire collect more in pension benefits than they did while working was based on less than 2 percent of beneficiaries. The analysis also does not reflect changes to the retirement plan made in 1985 that reduced pension payouts, said Tina Leiss, executive officer of the system. The conclusions in the report issued by the Nevada Policy Research Institute, a conservative think tank based in Las Vegas, do not account for the vast majority of the members and retirees of the Public Employees’ Retirement...
  • As National Press Mostly Snoozes, Add Seattle to the List of Cities Where Homelessness Is Rising

    01/23/2015 7:21:44 AM PST · by george76 · 30 replies
    News Busters ^ | January 22, 2015 | Tom Blumer
    A week ago, Seattle Mayor Ed Murray, a Democrat, called homelessness in his city and the rest of King County a "full-blown crisis." Based on the numbers presented in coverage of the area's situation, we can certainly add the Emerald City to the list of areas where homelessness has been on the rise. Odds are that many readers here didn't know that, because the national press hardly ever pays attention to homelessness when a Democrat occupies the White House. Now imagine the firestorm which would erupt if a Republican or conservative proposed the "solution," however allegedly temporary, Murray is advancing...
  • Governor: Legalizing pot was bad idea

    01/23/2015 7:13:21 AM PST · by Cincinatus' Wife · 283 replies
    The Hill ^ | January 23, 2015 | Kevin Cirilli
    Colorado’s decision to legalize marijuana was a bad idea, the state’s governor said Friday. Gov. John Hickenlooper, a Democrat who opposed the 2012 decision by voters to make pot legal, said the state still doesn’t fully know what the unintended consequences of the move will be. If I could've waved a wand the day after the election, I would've reversed the election and said, 'This was a bad idea,’” Hickenlooper said Friday on CNBC's “Squawk Box.” “You don't want to be the first person to do something like this,” he said. He said that he tells other governors to “wait...
  • Obama Touts Redistribution Built on Fallacies

    01/23/2015 6:48:55 AM PST · by SeekAndFind · 3 replies
    The Libertennial ^ | 01/22/2015
    It seems that the sole purpose of SOTU is to seduce America with grand promises of sugar-coated interventions to be undertaken with other people's money. For libertarians, sitting through this kind of speech is naturally a dark experience. For libertarian Millennials, the takeaway from this particular speech is that the President sees economic growth as an invitation to redistribute income through schemes that we will ultimately pay for. But Obama misleads us when he attributes favorable economic conditions to his own policies. As it turns out, the stimulus package and the redistribution that Nancy Pelosi famously championed as a job...
  • Gun maker gets Newtown lawsuit moved to federal court

    01/23/2015 6:35:57 AM PST · by 2ndDivisionVet · 52 replies
    WSFA-TV / The Associated Press ^ | January 23, 2015 | Pat Eaton-Robb
    HARTFORD, Conn. (AP) - Gun maker Remington has moved a lawsuit by families of those shot in the Sandy Hook school massacre from state to federal court, where at least one expert says it has less chance of succeeding. Nine families sued Remington and others in Bridgeport Superior Court in December arguing the Bushmaster AR-15 rifle used in the shooting should not have been sold for civilian use because of its overwhelming firepower. A 10th family joined the lawsuit adding a wrongful death claim....
  • Obama's tax plan an assault on economic growth cloaked in populist demagoguery

    01/23/2015 5:57:06 AM PST · by Kaslin · 4 replies
    Fox News.com ^ | January 22, 2015 | Steve Forbes
    The tax plan President Obama unveiled during his State of the Union is an assault on economic growth cloaked in populist demagoguery. It will not help middle class Americans but rather guarantee that their incomes remain stagnant. He wants to divert attention from the fact that his policies of higher taxes, blow-out spending, anti-growth regulations and the costly, chaotic government-created disruption of ObamaCare have caused median incomes to stay below what they were back in 2007. Most Americans are deeply worried that their expenses are rising faster than their incomes.While the economy is showing more signs of life lately, it...
  • The Most Insidious Line In The State Of The Union Address?

    01/23/2015 5:46:33 AM PST · by reaganaut1 · 25 replies
    Forbes ^ | January 22, 2015 | George Leef
    President Obama’s penultimate SOTU was notable for its audacity in demanding an even more expansive role for the federal government. Although trust in government has plummeted during his relentlessly statist administration, the president wants Americans to rally behind his belief that more federal mandates and spending will “turn the page” and make the country great. I would like to single out one especially wrong-headed idea – that Congress should amend the Fair Labor Standards Act, requiring employers to pay many workers more. Obama supports increasing the federal minimum wage to $10.10 per hour. In his speech, he argued for it...
  • Obama Car Czar: Sheldon Silver's 100G+ Assembly Pay Wasn't 'Full-Time' Salary

    01/23/2015 5:25:39 AM PST · by governsleastgovernsbest · 11 replies
    NewsBusters ^ | Mark Finkelstein
    According to the most recent information available, Steve Rattner's net worth is at least $188 million. So perhaps it's not surprising that the hedge fund partner and former Obama car czar, who flies his own private jet, doesn't deem $100G+ per year to be a "full-time" salary. On today's Morning Joe, commenting on the arrest of Dem NYS Assembly Speaker Sheldon Silver on bribery charges, Rattner claimed that "they don't pay these guys full-time salaries. They pay them, I think, $112,000 a year." In fact, as Speaker, Silver was pulling down $121,000. The median annual income in the US during...
  • Endless Gifts From Uncle Obama

    01/23/2015 4:35:43 AM PST · by HomerBohn · 22 replies
    American Spectator ^ | 1/21/2015 | Ben Stein
    Bread and circuses — and free day care — at the State of the Union.-snip- Tonight, Alex and I watched Mr. Obama’s SOTU speech. It was great. Give everyone free day care. Who pays for it? Where do they find enough qualified day-care workers? Where do they train them? Everyone gets free education. Wait. Isn’t public education up through high school already free? And the ones who need it most, the blacks and Hispanics, drop out at terrifying rates. Who will make them stay in school and do their homework? Who pays for this? And where do the teachers come...
  • Senate Climate Alarmists Get Punked by GOP

    01/23/2015 4:01:29 AM PST · by HomerBohn · 12 replies
    The New American ^ | 1/22/2015 | Alex Newman
    As if to prove that global-warming alarmism is in fact a political movement rather than a scientific one, the U.S. Senate, composed primarily of carbon dioxide-spewing attorneys, voted this week to declare that the climate is changing as it always has, and that (natural) climate change is “not a hoax.” Warming theorists celebrated the news, as if a majority vote by lobbyist-controlled politicians — who remain less popular than cockroaches in most polls — constituted evidence of Truth. In the end, though, despite their cheering, many climate alarmists apparently either did not understand the measure or were deliberately trying to...
  • Anti-H-1B senator to head immigration panel - claims shortage of highly skill labor a 'hoax'

    01/23/2015 2:15:44 AM PST · by Cincinatus' Wife · 32 replies
    Computer World ^ | January 22, 2015 | Patrick Thibodeau
    ..............[U.S. Senator Jeff] Sessions last week accused the tech industry of perpetuating a "hoax" by claiming there is a shortage of qualified U.S. tech workers. "The tech industry's promotion of expanded temporary visas -- such as the H-1B -- and green cards is driven by its desire for cheap, young and immobile labor," wrote Sessions, in a memo he sent last week to fellow lawmakers. Last summer, Sessions attacked Microsoft's push for more H-1B visas as it laid off 18,000 employees. Now, as subcommittee chairman, Sessions will have the ability to conduct investigations and hold oversight hearings. That Senate memo...
  • Maryland’s Larry Hogan takes office with promise of bipartisanship, conservative agenda

    01/22/2015 9:26:18 PM PST · by Tolerance Sucks Rocks · 20 replies
    The Washington Times ^ | January 21, 2015 | S.A. Miller
    At his inauguration as Maryland’s 62nd governor, Republican Larry Hogan promised to usher in an era of bipartisanship and cooperation in a state capital dominated by Democrats, even as he outlined an unabashedly conservative pro-business agenda. “We must get the state government off our backs and out of our pockets so that we can grow the private sector, put people back to work and turn our economy around,” Mr. Hogan said in a speech delivered on the steps of the State House. As he began his speech amid a flurry of snowfall that dusted the crowd, Mr. Hogan with a...