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Business/Economy (News/Activism)

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  • Another ObamaCare Promise Flatlines

    07/30/2014 3:55:48 AM PDT · by IBD editorial writer
    Investor's Business Daily ^ | 07/29/2014 | IBD Staff
    Health Care: Remember when ObamaCare backers said there was no way the law would push employers to drop their health plans? A new report calls the lie on that one, too. A big concern raised by critics of ObamaCare was that employers would shift their health costs onto taxpayers — dropping insurance benefits knowing workers could access guaranteed, often subsidized coverage in an ObamaCare exchange. Typical of the left's response was a Families USA "fact sheet" that called such worries a "myth." "Employers that offer coverage will continue to do so," it declared. The liberal Urban Institute likewise promised the...
  • No One Like's Ike's Memorial

    07/30/2014 3:26:30 AM PDT · by afraidfortherepublic · 11 replies
    The Washington Free Beacon ^ | 7-29-14 | Stephanie Wang
    House report could doom Frank Gehry design After more than a decade of planning and $44 million spent, a proposed memorial for President Dwight D. Eisenhower may never be built. A House Committee on Natural Resources report published last week revealed the extent of the money wasted on the already controversial project. Construction for the Eisenhower memorial has not begun and the proposed design has not been approved, but the Eisenhower Commission, which was established as a staff of 12 in 1999, has already spent tens of millions of dollars on the project. Much of that money has gone to...
  • Obama: Troll Hard With a Vengeance

    07/30/2014 1:48:39 AM PDT · by servo1969 · 9 replies
    Townhall.com ^ | 7-30-2014 | Ben Shapiro
    This week, as I have been predicting for months, President Barack Obama announced that he would be considering unprecedented executive action to provide legal status for millions of illegal immigrants. His goal is not to solve the immigration crisis -- you don't grant legal status to 5 million illegal immigrants, then leave the back door wide open if you're interested in solving the problem. His goal is not to help illegal immigrants -- he instead leaves them in limbo by granting them temporary work permits, rather than blanket amnesty. His goal is trolling. Trolling is a practice whereby a person...
  • Ad Sales Drop Cause New York Times Profits to Collapse 54%

    07/29/2014 9:43:54 PM PDT · by Zakeet · 28 replies
    Brietbart ^ | July 29, 2014 | John Nolte
    The Financial Times reports that a drop in ad sales at the New York Times caused the left-wing newspaper's profits to collapse 54% in the second quarter of this year. [Snip] A fall in advertising revenues and stepped-up investment in digital products outweighed rises in digital subscribers and circulation revenue at the New York Times, sending headline profit 54 per cent lower in the second quarter.
  • The Truth About the Fed’s Relationship With Bubbles

    07/29/2014 6:37:14 PM PDT · by Lorianne · 8 replies
    Zero Hedge / Phoenix Capital Research ^ | 28 July 2014 | Phoenix Capital Research
    Many commentators have previously argued that the Fed is too dumb or too inept to identify of categorize asset bubbles. By focusing on the Fed’s mental acuity, these commentators are overlooking a key factor: the Fed WANTS to asset bubbles. The reason for this? Asset bubbles, at least according to the Fed’s models, will paper over the steady decline in quality of life that began in the US roughly 50 years ago. This fact is staring everyone in the face, though few people make it explicit. Back in the 1950s, the average American family had one working parent and was...
  • Jaded Argentines brace for looming debt default

    07/29/2014 6:12:54 PM PDT · by Lorianne · 11 replies
    Reuters ^ | 29 July 2014 | Eliana Raszewski and Richard Lough
    Factory owner Norberto Garcia was poised to launch a series of new toys this year after grafting hard for the past decade to rebuild his business following Argentina's 2001-2002 economic crash and debt default. Instead, he's hunkering down for a possible second default this Thursday, cutting investment plans and scaling back his targets. "We had plans to launch 11 new products. Now we are going to release just three," Garcia, 70, told Reuters inside a cavernous warehouse piled high with boxes of dolls, balls and plastic rabbits. "We would rather keep the money to support the company's structure as it...
  • Meet the SEC's 6,500 Whistleblowers

    07/29/2014 6:08:51 PM PDT · by afraidfortherepublic · 8 replies
    WSJ online ^ | 7-29-14 | Maxwell Murphy
    What do four adult entertainers, 138 engineers, a handful of pilots and a pastor have in common? They all think they have hot tips about an alleged financial fraud. They are also among the more than 6,500 people who have offered confidential information under the whistleblower program of the Securities and Exchange Commission. The agency set up the program in mid-2011 with hopes of eliciting dirt on corporate wrongdoers. It offers a bounty of up to 30% of penalties for any monetary sanctions the agency extracts that exceed $1 million. The potential windfall has attracted tips from at least 68...
  • Euro zone efforts to boost inflation are full of hot air

    07/29/2014 6:06:29 PM PDT · by Lorianne
    Market Watch ^ | 28 | Satyajit Das
    Despite investor enthusiasm, economic risks are rising in Europe, as amply illustrated by the recent problems of Portuguese bank Espiritu Santo. But rather than create growth, boost inflation and weaken the euro, the European Central Bank program announced in early June is likely to have unintended consequences. The ECB initiatives also do not address the fundamental problems of over-indebtedness and need for structural reforms. Maintenance or increasing debt levels is a curious solution to a problem of too much, not too little debt, which lies at the heart of the European crisis.
  • China’s perilous tangle of military and economic fortunes

    07/29/2014 5:57:09 PM PDT · by Lorianne · 7 replies
    Financial Times ^ | 28 July 2014 | Robert D Kaplan
    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/dbe55adc-140d-11e4-b46f-00144feabdc0.html#ixzz38uQ4ms5q Two debates are under way over China. The first, about Beijing’s aggression in the South and East China seas, is between naval strategists and diplomats who know little about economics. The second, about the fragility of the Chinese economy, is between economists who know little about naval strategy and diplomacy. These debates should intersect but they rarely do. In one, China...
  • Private Equity’s Free Pass

    07/29/2014 5:51:41 PM PDT · by Lorianne · 6 replies
    New York Times ^ | 26 July 2014 | Gretchen Morgenson
    For thousands of hobbyists, the local Michaels Stores outlet is a must-stop shop for scrapbooks, dried flowers, crochet hooks, sewing notions and dozens of other do-it-yourself paraphernalia. In these essentials, Michaels, the nation’s largest arts-and-crafts retailer, has remained unchanged for years. But behind the scenes, the company has been refashioned by two financial giants — Bain Capital and the Blackstone Group — which have effectively controlled Michaels since 2006, when they took the chain private in a $6 billion leveraged buyout. Since then, Bain and Blackstone have profited from scrapbookers and needlepoint artists in part through an array of sophisticated...
  • How Litigating Lost E-mails Works

    07/29/2014 5:34:13 PM PDT · by afraidfortherepublic · 9 replies
    The American Thinker ^ | 7-29-14 | Bruce Walker
    On July 4, 2014, I wrote an article, “Litigating Lost E-mails,” which proposed using federal judges to compel corrupt bosses to the IRS to force the Obama administration to tell the truth about the “lost” e-mails or face the consequences of lying to federal judges. What I proposed was to do what Democrats did forty years ago this month to Nixon. The case filed against Nixon in United States District Court was decided on May 31, 1974, and the case was argued before the Supreme Court on July 8, 1974. The unanimous decision (Justice Rehnquist recused himself) was decided barely...
  • The west risks collateral damage by punishing Russia

    07/29/2014 3:15:03 PM PDT · by Lorianne · 6 replies
    Financial Times ^ | 27 July 2014 | Wolfgang Münchau
    When I read last week’s revision in the International Monetary Fund’s forecasts, I was reminded of William Gilmore Simms, a 19th century US historian, who said: “I believe that economists put decimal points in their forecasts to show that they have a sense of humour.” If only that were true. The latest update of the IMF’s World Economic Outlook puzzled me in two decimal-point respects, neither of them humorous. The sanctions to be decided this week are known in EU jargon as “tier three”; the red-alert stage. As reported by Peter Spiegel, the Financial Times Brussels bureau chief, the European...
  • Yes, This Is An Equity Bubble

    07/29/2014 3:09:09 PM PDT · by Lorianne · 6 replies
    Hussman Funds ^ | 28 July 2014 | John P. Hussman, Ph.D.
    A few notes on valuation and investment returns. First, as I’ve noted frequently in recent comments, it’s quite reasonable to argue that lower interest rates can “justify” higher valuations, provided that one also recognizes that those higher valuations will still be associated with commensurately lower future equity returns. At present, we estimate zero or negative nominal total returns for the S&P 500 on horizons of 8 years or less, and about 1.9% annual total returns over the next decade. If these prospects seem “fair” given the level of interest rates, that’s fine – one can then say that low interest...
  • July 2014 Ratings: MSNBC Has Lowest Primetime Demo in Eight Years

    07/29/2014 3:02:56 PM PDT · by iowamark · 21 replies
    Mediabistro ^ | July 29, 2014 | Jordan Chariton
    MSNBC placed third in viewers and fourth in A25-54 demo viewers in total day this month. In primetime, the network finished second in viewers and third in the demo; the latter was the network’s lowest in eight years–since July 2006.The ratings for July 2014 (Nielsen Live + Same Day data): Primetime (Mon-Sun): 550,000 Total Viewers / 152,000 A25-54Total Day (Mon-Sun): 318,000 Total Viewers / 92,000 A25-54 Compared to the same month last year, MSNBC was down -16% in total viewers and -33% in A25-54 viewers in total day. In primetime, the network was down -6% and -25%, respectively.MSNBC’s daytime programming...
  • BP and Shell: Are we on the cusp of the oil mega mergers?

    07/29/2014 3:01:04 PM PDT · by Lorianne · 3 replies
    Telegraph (UK) ^ | 26 July 2014 | Ben Marlow
    A slump in profits could reignite a flurry of deal-making and see a return to mergers of the big oil companies ___ Ten years ago, Lord Browne, the then chief executive of BP, flew to Williamsburg, Virginia, for a board meeting, where he planned to outline detailed proposals for a mega-merger with Royal Dutch Shell. The radical tie-up had been discussed in secret weeks earlier with Jeroen van Der Veer, his counterpart at Shell, during a stroll around Lake Como in Italy. With an estimated $9bn (Ł5.3bn) of synergies from the deal and Browne’s conviction that he had the backing...
  • California vs. Texas: Which model is shape of the future?

    07/29/2014 2:31:02 PM PDT · by TigerClaws · 61 replies
    After six decades of doing business in California, Toyota is moving its North American headquarters to Texas. That means 3,000 of the carmaker's jobs will be leaving Torrance and going to Plano, perhaps convincing California officials they should stop Texas Gov. Rick Perry at the border the next time he attempts to come to the Golden State for another raid on businesses.
  • The Associated Press is ruining its brand

    07/29/2014 2:10:41 PM PDT · by SeekAndFind · 17 replies
    Hotair ^ | 07/29/2014 | Noah Rothman
    The Associated Press has a big social media problem. A string of poorly worded and misleading tweets from that news organization have begun to seriously damage that institution’s coveted brand as an apolitical and trusted reporting outlet. The series of terrible tweets from the AP began on July 22 when the organization rushed to promote a breaking story regarding the American intelligence community’s formal assessment of the parties involved in the July 17 attack on Malaysian Airlines Flight 17. BREAKING: US officials: Intel suggests Malaysia plane shot down by separatists, no link to Russia found.— The Associated Press (@AP)...
  • Senate Democrats Angle for Entire Gang of Eight Bill After Boehner Caves

    07/29/2014 12:33:55 PM PDT · by servo1969 · 24 replies
    Breitbart.com/Big-Government ^ | 7-29-2014 | Matthew Boyle
    Senate Democrats are angling to include the entire “Gang of Eight” bill in a conference committee with whatever border crisis bill comes out of Speaker John Boehner’s House of Representatives, Politico reports. “The only way any piece of the House proposal could become law is if it was conferenced with the Senate’s comprehensive immigration reform bill, which is something we’d certainly consider,” a senior Democratic aide told Politico. Gang of Eight Republicans Sens. Marco Rubio (R-FL), John McCain (R-AZ), Lindsey Graham (R-SC), and Jeff Flake (R-AZ) recently issued a joint statement saying they did not want this to happen, but...
  • U.S. sales to Russia have only risen since sanctions imposed

    07/29/2014 12:02:26 PM PDT · by McGruff · 5 replies
    McClatchy Washington Bureau ^ | July 28, 2014 | John Moritz
    In the months since the United States imposed sanctions on Russian businesses and close associates of President Vladimir Putin’s, an odd thing has happened: U.S. exports to Russia have risen. U.S. Census Bureau foreign trade data show that exports rose 17 percent from March through May _ the most recent months for which the data is available _ compared with the previous three months, before sanctions were imposed. The value of exports has risen in each consecutive month this year, an unusual trend in a trade relationship that historically fluctuates on a monthly basis.
  • Obama’s Crony Capitalists Strike it Rich

    07/29/2014 10:51:18 AM PDT · by aimhigh · 13 replies
    Wall St Daily ^ | 07/28/2014 | Floyd Brown
    Take, for example, David Grain. According to Federal Election Commission reports, Grain gave $60,000 to Obama’s campaign and the DNC in 2008, and he gave $22,500 in 2012. Grain has also been a lucrative fundraising partner for Obama. In 2008, Grain helped raise an additional $200,000 to $500,000 for Obama, according to a report in Bloomberg News. And now, money is set to flow the other direction… You see, Grain owns a private equity firm called Grain Management, LLC. that failed to qualify under existing rules as a small business for an upcoming Federal Communications Commission (FCC) airwave license auction....
  • Tech layoffs could hit highest level since 2009

    07/29/2014 10:31:44 AM PDT · by SeekAndFind · 15 replies
    The Hill ^ | 07/29/2014 | Vicki Needham
    Layoffs in the technology sector could reach their highest level in five years, according to a group that tracks employments trends. So far this year, tech employers have announced plans to cut payrolls by 48,402, a 68 percent increase over the 28,883 layoffs announced during the same period in 2013, according to a special report released Monday by Challenger, Gray & Christmas. At the current rate, the 2014 year-end total could be the highest since 2009, when tech-sector job cuts hit 174,629. The highest total on record was 695,581 job cuts in 2001, when the tech bubble in the stock...
  • General Electric's Game-Changing Fuel Cell May Spark A Revolution

    07/29/2014 10:19:37 AM PDT · by shove_it · 40 replies
    SeekingAlpha ^ | 29 Jul 2014 | David Alton Clark
    ~snip~ The details behind the new fuel cell The new fuel cell uses stainless steel in place of platinum and rare metals. Johanna Wellington, advanced technology leader at General Electric Global Research and the head of General Electric's fuel cell business, states: "The cost challenges associated with the technology have stumped a lot of people for a long time. But we made it work, and we made it work economically. It's a game-changer. The new fuel cell can generate electricity at any location with a supply of natural gas. It can get going quickly, does not need new transmission lines...
  • Fire Reid Already

    07/29/2014 10:12:01 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | July 29, 2014 | John Ransom
    Shortly before the market crash in 2008, when oil prices were at all-time highs, Harry Reid, Democrat Senate Majority Leader, sold his investments in the energy industry-- according to his public filings-- and bought the healthcare industry instead. Thanks to the ensuing banking panic caused by skyrocketing oil prices and their subsequent crash, Barack Obama was elected president of the United States. Obama, history now tells us, made one of his first tasks to enrich Wall Street and healthcare companies through the fundamental transformation of healthcare into a government owned subsidiary. And now you know, in a thumbnail sketch,...
  • Study: More than 35 percent of Americans are facing debt collectors

    07/29/2014 9:25:40 AM PDT · by SeekAndFind · 24 replies
    The Week ^ | 07/29/2014 | Meghan DeMaria
    A study released by the Urban Institute on Tuesday found that more than 35 percent of Americans have unpaid bills and debt that has been reported to collection agencies.The debts surveyed include everything from gym memberships to auto loans. The study, which looked at records from September 2013, found that 35.1 percent of people with credit records had been reported to collection agencies. The average debt was $5,178.The Associated Press notes that while America has decreased its credit card debt, the percentage of Americans in collections has remained roughly the same. In 2004, a Federal Reserve study found that 36.5...
  • Governor Walker issues new ad accusing Burke of $25 million dollar mishap

    07/29/2014 8:24:44 AM PDT · by afraidfortherepublic · 5 replies
    Wisconsin Election Watch ^ | 7-28-14 | Kyle Maichle
    MADISON – The campaign of Governor Scott Walker issued a new campaign ad on Monday accusing former Commerce Secretary Mary Burke of a botched deal that may put taxpayers on the hook for $25 million dollars. More: Burke Campaign Issues New Ad over Outsourcing Charge The ad called “Bondoogle” expands off an earlier ad issued by the Walker Campaign that blasted Burke for engaging in a deal with Abbott Laboratories valued at $12.5 million in an attempt to create jobs in Wisconsin. The lot of vacant land that was part of the deal remains vacant to this day according to...
  • Their Economy Will Collapse, Including Ours

    07/29/2014 8:22:41 AM PDT · by SovereignSociety · 22 replies
    Economy and Markets ^ | July 28, 2014 | Harry Dent
    Central bankers think they can keep their economy going by artificial stimulus until they hit escape velocity and grow at normal rates again — but they’re wrong. Here at Dent Research we hold a different view to what drives the economy. And central bankers are in for three big surprises ahead. Their economies are NOT going to grow the way they’re hoping, at least not until the early 2020s, thanks to declining demographic cycles and unprecedented debt ratios. But the surprises I’m talking about are going to come out of left field and slam unexpectedly and so fast into these...
  • Six Flag Stocks to Rise Late This Summer

    07/29/2014 8:22:40 AM PDT · by SovereignSociety · 8 replies
    The Sovereign Investor ^ | July 28, 2014 | Chris Orr
    Remember the cold temperatures, the snow, the wind and the sleet just earlier this year? Now that summer has heated up, you’d think that the polar vortex would be a distant memory by now. Not so for investors. Well, the chill of winter is still affecting companies (and our investments) and will affect some through the end of the year. Take the summer fun stop, the iconic Six Flags theme parks, as an example. When I think of Six Flags, I picture hot, sunny weather with throngs of people waiting in lines for rides or milling around snacking on funnel...
  • 1 in 3 U.S. adults have 'debt in collections'

    07/29/2014 8:00:25 AM PDT · by TigerClaws · 41 replies
    An estimated 1 in 3 adults with a credit history -- or 77 million people -- are so far behind on some of their debt payments that their account has been put "in collections."
  • Tesla's Battery Factory Could be Great for a Bankrupt California

    07/29/2014 7:51:31 AM PDT · by SeekAndFind · 35 replies
    Business Insider ^ | 07/29/2014 | Matthee Debord
    Based on reports that have emerged over the past few weeks, it looks like California is back in the running as a location for Tesla's Gigfactory — a massive facility that will build the advanced lithium-ion batteries needed to get the electric carmaker to the next level. Nevada, Texas, New Mexico — these were the states that appeared to be in a better position to become the Gigafactory's home than California.But there's been some chatter about Elon Musk and his company potentially taking over an old U.S. Navy facility near San Francisco. And now, according to the Los Angeles Times'...
  • Wisconsin Carry Chairman supports David Clarke for Sheriff

    07/29/2014 7:45:19 AM PDT · by afraidfortherepublic · 3 replies
    Wisconsin Carry, Inc ^ | 7-29-14 | Nik Clark
    Greetings in Freedom, Ordinarily a County Sheriff's election wouldn't be notable for the larger state. In this case however, I'd like to share what is going on in Milwaukee County because the Sheriff's race here has drastic implications for the entire state and country. Milwaukee County Sheriff David Clarke rocked the boat here in SE Wisconsin and nationally when he issued public service announcements in 2013 that encouraged people to take responsibility for their own safety including training to use a firearm in self defense. His public service announcements went viral because while self-defense is only common sense, its extremely...
  • Real Unemployment Rate Is at Least 18 Percent

    07/29/2014 7:32:40 AM PDT · by khelus · 17 replies
    Breitbart ^ | 29 Jul 2014 | Peter Morici
    Friday, the Labor Department is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story. The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the lack of decent job openings, having quit altogether. They are neither employed nor looking for work. Only about half of the drop in the adult participation rate may be attributed to the Baby Boom generation reaching retirement age. Lacking adequate resources to retire, a larger percentage of...
  • Do Corporations Rule America?

    07/29/2014 5:34:43 AM PDT · by SeekAndFind · 25 replies
    American Thinker ^ | 07/29/2014 | Christopher Chantrill
    I suppose it's natural that the average American believes that the Crash of 2008 was caused by greedy bankers and that the problem with health insurance is insurance company profits. After all, most Americans work for big companies, and they know that at any moment corporate security could appear at their cubicle to escort them to the exit. Employees know the power their bosses have over them; why shouldn't the bosses have the same power to work their will over politicians? Not only that, but politicians pose as the worker's friend. We'll protect you from the ravishings of your lascivious...
  • Government Is Destroying our Standard of Living

    07/29/2014 5:31:48 AM PDT · by SeekAndFind · 18 replies
    American Thinker ^ | 07/29/2014 | Monty Pelerin
    Finally, the change in net worth has made the mainstream media. The statistics, as reported in the NY Times, are horrific, as are the implications for the future of the country. Net worth may be the best single measure of a country's well-being. Median net worth is a reasonable marker for the standard of living. Medians (or averages) are not good measures to capture what is happening at the lowest or highest ends. (More about that below.) In the simplest terms, net worth is the value of a person's assets minus his liabilities. If this measure is growing, a person...
  • Boulder County to refund $5.6M in assessments after judge invalidates paving district

    07/28/2014 9:17:50 PM PDT · by catnipman · 4 replies
    The Daily Camera ^ | 7/28/14 | John Fryar
    Boulder County is moving forward with plans to refund $5.6 million in assessments paid by homeowners after officials announced they won't appeal a judge's ruling that the county exceeded its authority in forming a local improvement district to pay for the repaving of roads in rural subdivisions. ...
  • Man Sues Starbucks And Oprah for $15M Claiming Chai Tea Spiked With Heroin

    07/28/2014 7:14:26 PM PDT · by nickcarraway · 20 replies
    Newsone ^ | Jul 28, 2014 | Ruth Manuel-Logan
    Why is Vernon Charles Allen Merriweather suing talk show maven Oprah Winfrey and Starbucks for discrimination and harassment to the tune of $15 million? Well, the man claims that the tea bearing Oprah’s name and sold at the famed coffee chain was not only laced with heroin but Ambien and hallucinogens as well, according to TMZ. The Buffalo, New York, resident allegedly filed a federal lawsuit stating that when he applied for a job at Starbucks, he was told in no uncertain terms, “We don’t hire ni****s!” The suit then claims the baristas referred to themselves as members of the...
  • Battle for Poor Shoppers Fuels Dollar-Store Deal

    07/28/2014 6:19:46 PM PDT · by ConservativeStatement · 105 replies
    Wall Street Journal ^ | July 28, 2014 | By Paul Ziobro and Shelly Banjo
    The battle for America's poorest consumers intensified Monday with Dollar Tree Inc. agreement to buy rival Family Dollar Stores Inc. for about $8.5 billion. The chains thrived during the recession as the number of working Americans living in poverty increased by nearly 40%, according to the U.S. Bureau of Labor Statistics. The stores appealed to cash-strapped shoppers with bargain-basement prices and locations that were closer to their homes than many Wal-Mart supercenters. The smaller package sizes of everyday items like laundry detergent and cereal fit into the budgets of consumers living paycheck to paycheck.
  • Fearing Obama Unilateral Amnesty Threats, Tea Party Jams Congress's Phone Lines

    07/28/2014 2:24:19 PM PDT · by afraidfortherepublic · 17 replies
    Breitbart ^ | 7-28-14 | Matthew Boyle
    The phone lines are jammed. The American people have risen up in response to a rallying cry from Sens. Jeff Sessions (R-AL) and Ted Cruz (R-TX), overloading the phone lines on Capitol Hill to pressure their members of Congress to fight against President Obama’s planned executive amnesty for millions of illegal aliens. ~snip~ “This shows the American people are going to resist,” a Sessions aide told Breitbart News. “The crescendo will grow. They are only beginning to be heard. They will get louder in the coming days.” The calls are coming in response to Sen. Sessions, who last week asked...
  • What 'small country' did Hillary Clinton lead?

    07/28/2014 2:11:02 PM PDT · by afraidfortherepublic · 48 replies
    The Washington Examiner ^ | 7-28-14 | Asche Schow
    Former Secretary of State Hillary Clinton said Sunday that she knows how difficult it is "to be the leader of a relatively small country." Come again? I know I’m relatively young, but I think I would have remembered President or Prime Minister or Queen Hillary. Clinton made the comments on CNN's "Fareed Zakaria GPS" while discussing the conflict between Israel and Hamas and Israeli Prime Minister Benjamin "Bibi" Netanyahu. “I’ve known Bibi a long time and I have a very good relationship with him, in part because we can yell at each other – and we do,” Clinton said. “And...
  • Argentina to hold last-gasp debt talks with mediator Tuesday (Default Looms Wed.)

    07/28/2014 1:13:48 PM PDT · by tcrlaf · 5 replies
    Yahoo News ^ | 7-28-2014 | By Richard Lough and Daniel Bases
    Argentina on Tuesday will meet the U.S. mediator in its battle with 'holdout' debt investors suing the country for last-minute talks to avert its second default this century. Mediator Daniel Pollack said in a statement on Monday he received a telephone call from the Argentine government advising him a delegation of technical, financial and legal representatives will meet him at 11 a.m. EDT (11.00 a.m. EDT) on Tuesday in his office. "I again urged direct, face-to-face conversations with the Bondholders, but that will not happen tomorrow," Pollack said, referring to the holdout creditors. Argentine dollar-denominated bonds fell more than 3...
  • Great Moments in Government, from Banning Bake Sales to Limiting Mistresses

    07/28/2014 11:35:23 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | July 28, 2014 | Daniel J. Mitchell
    Michelle Obama wants the federal government to tell us what kind of food to eat. I actually wouldn’t object if she merely used a bully pulpit to encourage healthier eating. But the busy-body crowd in Washington has a hard time distinguishing between giving advice and engaging in coercion. So we now have legislation that gives Washington the power to interfere with food in local schools. But not everybody is rolling over, particularly when federal rules are coercing states into banning bake sales. The National Journal reports on growing resistance to this absurd example of nanny statism from Washington. Here are...
  • Judge rules largely in favor of Utah on rural roads dispute ( RS 2477 )

    07/28/2014 11:12:06 AM PDT · by george76 · 16 replies
    The Salt Lake Tribune ^ | March 22, 2013 | Brooke Adams
    A federal judge handed a landmark victory to Kane County and the state of Utah on Wednesday in a years-long dispute with the federal government over whether some rural routes should remain in use as roads, or if they should be closed to the public. In two decisions, U.S. District Judge Clark Waddoups found he had jurisdiction to hear Kane County's claim, gave parameters for "reasonable" right-of-way widths on some routes and determined that 12 of 15 routes in dispute were roads and therefore accessible by the public. The distinction hinged on an 1866 law through which Congress sought to...
  • The Pentagon Overpays for Almost Everything—Even Prescription Drugs

    07/28/2014 11:11:22 AM PDT · by MadIsh32 · 11 replies
    Business ^ | July 28th, 2014 | Kenny
    Britain’s Farnborough Air Show wrapped up last week after seven ear-splitting days. To impress the excited kids and jaded dealers in attendance, the U.S. sent an F-8, an F-15, and a pair of F-16s. But the much anticipated F-35 Lightning II Joint Strike Fighter was a no-show. After a runway fire grounded the fleet earlier this month, the Department of Defense suspended negotiations to purchase the next batch of the planes. The troubled fighter is only the latest in a growing number of cases where the DOD has bought poorly designed and massively overpriced equipment for the nation’s armed forces....
  • Udall, Dems Want Us to Work for Food, and Food Only

    07/28/2014 10:49:21 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | July 28, 2014 | Mark Baisley
    There is good and there is evil. Good is the healthy state, functioning optimally according to its design. Evil can be defined as a conscious state of disorder, a parasite that thrives on conquering the good. Humans are creatures of a magnificent design. They start out innocent enough, generally attracted to good. But all people seem to be subject to the attentions of evil, sometimes as a victim and sometimes as a participant. The vast majority of humans are kind and interesting, regardless of their culture, religion, race, or party affiliation. And right about the age of six, they are...
  • Not in my backyard: US sending dirty coal abroad

    07/28/2014 8:04:43 AM PDT · by AT7Saluki · 16 replies
    WRAL ^ | 7/28/14 | Dina Cappiello
    As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America's unwanted energy leftovers to other parts of the world where they could create even more pollution. This fossil fuel trade threatens to undermine President Barack Obama's strategy for reducing the gases blamed for climate change and reveals a little-discussed side effect of countries acting alone on a global problem. The contribution of this exported pollution to global warming is not something the administration wants to measure, or even talk about.
  • Washington Times strikes content and marketing partnership with Redskins

    07/28/2014 8:59:24 AM PDT · by jazusamo · 28 replies
    The Washington Times ^ | July 27, 2014
    The Washington Times and the Washington Redskins announced a unique partnership that will make the newspaper a content and marketing partner of the team. Under the partnership, the Redskins and the Times will collaborate on unique content offerings throughout the year designed to provide Redskins fans with compelling, timely and unique coverage. The offerings will include a weekly “Redskins Weekend Game Guide,” which will wrap the front page of the Times’ print edition each Friday during the NFL season and a new free digital magazine called “The Redskins Report,” which will showcase exclusive content about the Redskins. Both features are...
  • There’s No Crisis on America’s Southern Border — the Crisis Is at Home

    07/28/2014 8:06:16 AM PDT · by SeekAndFind · 7 replies
    Pajamas Media ^ | 07/28/2014 | Spengler
    Illegal immigrants are a minor annoyance; America’s shift towards European fertility is a catastrophe from which we may never recover. The demographic crisis isn’t at our borders but at home. It’s easy to blow off steam about illegals on the border, and tough to address the fundamentals. I’ve tried to do so in the past, for example here, but the real problems and prospective solutions don’t make easy sound-bites.Just to make things clear: I want super-tough, restrictive immigration laws. I’d prefer a Canadian-style system that favors highly-educated immigrants with capital to invest. But I don’t think the best immigration...
  • IATA seeks meeting with Venezuela president over money owed to airlines

    07/28/2014 7:35:52 AM PDT · by Oldeconomybuyer · 4 replies
    Reuters ^ | July 28, 2014 | by Victoria Bryan
    A leading air transport industry body has called for a top-level meeting with the Venezuelan president to discuss ways to restore over $4 billion of airlines' money that is trapped in the country due to its currency controls. President Nicolas Maduro's government requires airlines to sell tickets in the bolivar currency but has been slow to allow them to repatriate the earnings. IATA said on Monday that international capacity on routes to Venezuela is down 36 percent year-on-year, or down 49 percent from 2013 peaks. "Confidence in the market is falling sharply," Tyler said. "Venezuela risks becoming disconnected from the...
  • Poor families use 'supervouchers' to rent in city's priciest buildings

    07/28/2014 7:04:53 AM PDT · by afraidfortherepublic · 34 replies
    Crain's Chicago Busness ^ | 7-28-14 | Alby Gallun
    The high-rise at 500 N. Lake Shore Drive is the second-most expensive in the city, with rents for a one-bedroom apartment approaching $3,000 a month, well beyond the reach of most Chicago residents. But that's not too much for the Chicago Housing Authority, which has used federal tax dollars to pick up most of the tab for four lucky residents in the year-old building, with its sweeping views of Lake Michigan, a concierge and a dog-grooming center. The tenants moved in over the past two years as part of a push by the CHA to expand its housing voucher program...
  • What you need to know about the new White House Budget Director [What you don't know might hurt you]

    07/28/2014 7:02:34 AM PDT · by SeekAndFind · 4 replies
    Hotair ^ | 07/28/2014 | Dustin Siggins
    Who is Shaun Donovan? Recently confirmed by the Senate to head the White House’s budget office, Donovan at first appears to be a typical bureaucrat. He has held the position of Secretary of the Department of Housing and Urban Development (HUD) since 2009, and has now been promoted to one of the highest offices in the U.S. bureaucracy. However, a look at Donovan’s tenure at HUD and his lack of knowledge about America’s fiscal circumstances shows that the Senate should have opposed his nomination. Instead, a majority of Republicans and every voting Democrat ignored Donovan’s ignorance about the federal budget...
  • What Margaret Thatcher Missed: Why you can never "run out of other people's money" to spend

    07/28/2014 6:56:49 AM PDT · by SeekAndFind · 23 replies
    American Thinker ^ | 07/28/2014 | James Longstreet
    The “Iron Maiden." She was the staunch and sturdy leader of Great Britain who once held up F. A. Hayek’s masterwork “Road to Serfdom” and declared “This is what we believe in.” Hayek’s work is a road map for what could go wrong when individual freedoms are lost and central planning becomes the answer for every ill. When truth is bent to meet the moment and government decision making is the proposed cure all, “serfdom” is the destination. Margaret, in believing Hayek’s cautionary, also declared that Socialism cannot sustain itself. Socialism can not last because eventually “you run out of...