Business/Economy (News/Activism)

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  • The Science Is Settled: Fracking Is Safe

    09/21/2014 6:41:37 AM PDT · by rktman · 5 replies
    americanthinker.com ^ | 9/21/2014 | Jeffrey Folks
    Funded by the National Science Foundation and Duke University, a team of scientists at Ohio State and other universities conducted extensive research into the purported link between groundwater pollution and fracking. (The full title of the report, available online, is “Noble Gases Identify the Mechanisms of Fugitive Gas Contamination in Drinking-Water Wells Overlying the Marcellus and Barnett Shales.”) In an examination of 130 wells, the researchers found that, when properly conducted, no groundwater or aquifer pollution resulted from the practice of fracking itself.
  • State out $675K grant but still plans to give out millions more in tax money ( Colorado )

    09/21/2014 6:34:28 AM PDT · by george76 · 1 replies
    Watchdog ^ | September 19, 2014 | Arthur Kane
    Four years ago, Kirk Swallow received state money to set up a compressed natural gas filling facility at the Rifle Shell station he co-owns. The Colorado Energy Office, then under Gov. Bill Ritter and known as the Governor’s Energy Office, gave Swallow’s company a $675,000 grant — money from fines collected from companies that violated state regulations. Swallow said he chipped in about $300,000. But, in June, Swallow had to permanently shut down the CNG pumps at 101 Railroad Ave., in Rifle, Colo. He said he was losing money because of increased competition, excessive electricity fees to run the pumps...
  • Oklahoma City oil producer unveils new formation

    09/21/2014 6:08:07 AM PDT · by ckilmer · 10 replies
    <p>OKLAHOMA CITY (AP) -- An Oklahoma City-based energy company has unveiled a new formation in south-central Oklahoma that the company's CEO said will elevate the state as an oil producer.</p> <p>Continental Resources Inc. said western Oklahoma's Springer Shale deposit is in the heart of the South Central Oklahoma Oil Province, Continental's last big discovery, The Oklahoman reported (http://bit.ly/1qk32sd).</p>
  • China Fines GlaxoSmithKline Nearly $500 Million in Bribery Case

    09/21/2014 5:35:09 AM PDT · by TigerLikesRooster · 10 replies
    NYT ^ | SEPT. 19, 2014 | KEITH BRADSHER and CHRIS BUCKLEY
    China Fines GlaxoSmithKline Nearly $500 Million in Bribery Case By KEITH BRADSHER and CHRIS BUCKLEY SEPT. 19, 2014 HONG KONG — Global multinationals have invested billions of dollars in China over the last decade, with the prospect of selling to 1.4 billion people. But the promise of China’s growth is increasingly offset by the dangers of being caught up in the country’s anticorruption campaigns and rising economic nationalism. In the strongest signal yet, a Chinese court on Friday imposed a fine of nearly $500 million on the British pharmaceutical giant GlaxoSmithKline for bribery, dwarfing the penalties in earlier criminal cases
  • Pitiful Community Racism

    09/21/2014 4:41:41 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | September 21, 2014 | John Ransom
    ericynot1 wrote: As is so often the case, Ransom, in an effort to tarnish Democrats, has twisted things and left out much of the interesting stuff about this story. The special prosecutor, Michael McCrum, who investigated this case against Perry, and took it to a grand jury, is anything but a political hack. He's an ex-cop (four years in Dallas and Arlington, TX) turned lawyer/ federal prosecutor who's known to be non-partisan (donates money to candidates from both parties, though more to Republicans), and was appointed by Bert Richardson, a Republican judge appointed by GW Bush. Brian Wice, Tom DeLay's attorney...
  • Exxon Winds Down Russian Drilling Project

    09/21/2014 3:29:10 AM PDT · by WhiskeyX · 3 replies
    The Associated Press ^ | September 19, 2014 | Jonathan Fahey, The Associated Press
    NEW YORK — Exxon Mobil said Friday that it will wind down a drilling project in Russia in compliance with U.S. sanctions, but said it received a license to keep working beyond the sanctions' deadline in order to complete the work. U.S. sanctions against Russia over its involvement in the Ukraine require the removal of U.S. workers on projects in the Russian Arctic and other select locations by September 26.
  • Pabst Brewing to be sold to Russian company

    09/21/2014 3:23:47 AM PDT · by WhiskeyX · 29 replies
    The News Tribune ^ | September 19, 2014 | Associated Press
    NEW YORK — The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum. Oasis is buying Pabst with TSG, an investment firm known for its work with consumer products companies. TSG Consumer Partners will take a minority stake in Pabst. In addition to its namesake beer, Pabst Brewing Co. makes Colt 45, Old Milwaukee and Schlitz, in addition to regional brews such as Lone Star, Rainier and Old Style. Pabst was acquired in 2010 by C. Dean Metropoulos & Co., which is known for investing in food brands, including Twinkie maker...
  • The Coming Race War Won’t Be About Race

    08/17/2014 5:18:21 PM PDT · by SkyPilot · 198 replies
    Time Magazine ^ | 16 Aug 14 | Kareem Abdul-Jabbar
    Ferguson is not just about systemic racism—it's about class warfare, and how America's poor are held back ill the recent rioting in Ferguson, Missouri, be a tipping point in the struggle against racial injustice, or will it be a minor footnote in some future grad student’s thesis on Civil Unrest in the Early Twenty-First Century? More Feds Will Perform Another Autopsy on Michael Brown NBC NewsHungry Heroes: 25 Percent of Military Families Seek Food Aid NBC News'We Have Had Enough': Ferguson Rally Remembers Michael Brown NBC NewsFerguson Protesters Guard Stores From Looters Huffington PostWestboro Baptist Church's Plan To Protest Robin...
  • Remove the Stigma of Bad Black Behavior that Hurts our Race

    09/21/2014 1:05:11 AM PDT · by 2ndDivisionVet · 45 replies
    Right Wing News ^ | September 19, 2014 | Derryck Green
    Rather than waiting until specifics about the Michael Brown case are known — such as autopsy results, detailed officer reports, toxicology or other details regarding his death — some Ferguson residents, Brown supporters and various hangers-on decided to act. Learning nothing from the Trayvon Martin case, people took to the street with demands for “justice” and homemade protest signs. They were aided by a media seemingly excited about exploiting the narrative that Brown’s death was at the hands of a brutal and possibly racist cop in a militarized police force that cares little about black residents. Ensuing nights after the...
  • The Return of King Dollar: Are the markets anticipating a GOP November sweep?

    09/20/2014 6:15:31 PM PDT · by SeekAndFind · 24 replies
    National Review ^ | 09/20/2014 | Larry Kudlow and Stephen Moore
    Maybe the U.S. economy, a weakling for the last six years, is finally starting to flex some muscle. We’re referring to the return of King Dollar. For those who haven’t been paying attention, the greenback is in the midst of a rally not seen since the 1990s. It’s racing past the euro, the yen, and other currencies. Investors worldwide are buying the equivalent of stock in America, Inc. If the rise in the dollar’s valuation is sustainable, it’s welcome news for the stock market, for fighting inflation, and for U.S. growth prospects. Ronald Reagan said it best: A strong dollar...
  • Ferguson is the Afterlife of Slavery in the Americas

    09/20/2014 4:34:08 PM PDT · by 2ndDivisionVet · 74 replies
    La nueva Televisión del Sur C.A. ^ | September 20, 2014 | Yesenia Barragan
    Looking back, perhaps it really is no surprise that Ferguson, Missouri became the latest site in this long war against black lives, given the state of Missouri’s peculiar relationship to slavery in US history.During the hot summer days of August, all eyes were on Ferguson. Hour after hour, journalists on the scene described the murder of 18-year-old Michael Brown, who was getting ready to start college in just a few days, and the unrest that exploded as “shocking,” but for so many black Americans, the scene in Ferguson was all-too-familiar. The ghost of Ferguson appeared earlier in Sanford, Florida on...
  • Obama, Unions, Trial Bar Take Aim At Franchise Model

    09/20/2014 3:07:41 PM PDT · by jazusamo · 21 replies
    Investors.com ^ | September 19, 2014 | Stephen Moore
    If the Obama Administration has its way, Ronald McDonald may soon have to wipe that grin off his face as he stands beneath the Golden Arches. One of the most successful models for expanding small-business ownership in America is under full-scale attack from unions and the White House. The political strategy is to fundamentally change the legal relationship between locally owned stores like McDonald's (NYSE:MCD), Popeyes (NASDAQ:PLKI), Taco Bell (NYSE:YUM) and their multibillion-dollar parent companies. No longer would franchisees be legally classified as independent contractors to the parent company. The left wants the employees of each of the hundreds of...
  • Turkey, Azerbaijan break ground for Trans-Anatolian Gas Pipeline

    09/20/2014 11:43:41 AM PDT · by DeaconBenjamin · 3 replies
    Turkey's energy minister has declared a gas pipeline a "peace corridor" linking the Caucasus with the Balkans. "We open the project as a peace corridor that is the result of 15 years hard work by Turkey and Azerbaijan. Through the South Caucasus pipeline and its backbone, the Trans-Anatolia pipeline, we connect the Caucasus with the Balkans. I wish every country could understand the true value of these projects and contribute with us," Taner Yıldız said while speaking at the groundbreaking ceremony of the South Caucasus pipeline in Baku on Sept. 20. The minister said energy security "ranks as one of...
  • Why the Permian shale boom transformed US energy markets

    09/20/2014 8:56:02 AM PDT · by ckilmer · 4 replies
    marketrealist ^ | • Sep 18, 2014 10:31 am EDT | By Alex Chamberlin
    Why the Permian shale boom transformed US energy markets By Alex Chamberlin - Disclosure  • Sep 18, 2014 10:31 am EDT U.S. shale boom transformed U.S. energy marketsAccording to the U.S. Energy Information Administration (or EIA), the top seven unconventional oil plays accounted for 95% of domestic oil production growth. They also accounted for all domestic natural gas production growth during 2011–2013.Permian Basin crude oilAccording to the EIA, the Permian Basin in west Texas and eastern New Mexico is the largest crude oil-producing region in the U.S.Enlarge GraphCrude oil production from the Permian Basin increased from 850,000 barrels per day...
  • Canada-China investment treaty to come into force Oct. 1 (China controls Canadian resources)

    09/20/2014 8:10:35 AM PDT · by Olog-hai · 13 replies
    CBC News ^ | Sep 12, 2014 3:12 PM ET | Susan Lunn
    Ottawa confirms it has ratified a foreign investment treaty with China, more than two years after the controversial agreement was signed, as CBC News first reported Friday. The controversial Canada-China Foreign Investment Promotion and Protection Agreement (FIPA) will come into force on Oct. 1, said International Trade Minister Ed Fast in a news release Friday afternoon. […] China ratified the deal quickly, but the Harper government did not. The deal has also faced opposition from the NDP, as well as a First Nations group who challenged the agreement in court. The NDP issued a statement saying “the agreement will give...
  • Jeff Bezos Strikes Down Russian Space Rocket Engine Maker

    09/20/2014 7:48:46 AM PDT · by WhiskeyX · 18 replies
    The St. Petersburg Times ^ | September 19, 2014 (Issue # 1829) | Matthew Bodner
    In a surprise turn of events, U.S. space industry behemoth United Launch Alliance, or ULA, and Blue Origin — a secretive space startup owned by Amazon-founder Jeff Bezos — have unveiled an American rocket engine that may end Russia's supremacy in the field. [....] The development of the engine, known as the Blue Engine 4, or BE-4, will certainly strike NPO Energomash, Russia's premier rocket engine design firm, analysts say.
  • Even its Creators Want to Shut Down the Government’s Asset-Forfeiture Racket

    09/20/2014 7:40:49 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | September 20, 2014 | Daniel J. Mitchell
    If you ask me about the most wasteful department in the federal government, IÂ’ll state that there are lots of good choices, but if forced to identify the best candidate for elimination, IÂ’ll go with the Department of Housing and Urban Development.If you ask me about the entitlement program most in need of reform, IÂ’m tempted to say all of them, but ultimately IÂ’ll argue that we should first fix Medicaid by devolving it to the states, accompanied by block grants as a transitional funding mechanism.But if you ask me to identify the most evil and despicable thing that government...
  • LA’s Brilliant Plan to Boost Voter Turnout: Bribery

    09/20/2014 6:54:13 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | September 20, 2014 | Michael Schaus
    The Los Angeles Ethics Commission (the term “ethics” is used rather loosely in this case) has a plan to get more voters to turn out on Election Day. Basically, they think the city should bribe people to show up at the polls. According to LA Times:Alarmed that fewer than one-fourth of voters are showing up for municipal elections, the Los Angeles Ethics Commission voted Thursday to recommend that the City Council look at using cash prizes to lure a greater number of people to the polls. On a 3-0 vote, the panel said it wanted City Council President Herb Wesson's Rules,...
  • GOP looks to stop government from asking ethnicity of gun buyers

    09/20/2014 6:24:33 AM PDT · by rktman · 19 replies
    theblaze.com ^ | 9/19/2014 | Pete Kasperowicz
    Two House Republicans are trying to stop the Obama administration from collecting information about the race or ethnicity of people who buy guns. According to a report from the Washington Times, the ATF is requiring people to fill out a form when buying a gun that asks purchasers whether they are Hispanic or Latino, and then to identify themselves as being Indian, Asian, black, Pacific Islander or white.
  • Idiotic Proposals for Fed to Give Away Money

    09/20/2014 6:14:30 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | September 20, 2014 | Mike Shedlock
    A Fiscal Times, Yahoo Finance article by by John Grgurich claims that Instead of QE, Fed Could Have Given $56,000 to Every Household in America . Grgurich formulated his article after reading "an intriguing piece just published in Foreign Affairs, Brown University political economist Mark Blyth and London-based hedge fund manager Eric Lonergan argue the Fed could have done better by pursuing a far different type of grand policy experiment." The "intriguing piece" is Print Less but Transfer More, Why Central Banks Should Give Money Directly to the People. Sheer Idiocy First, the Fed cannot give away money, it can...
  • Feeling good about being unemployed

    09/20/2014 6:09:16 AM PDT · by rktman · 29 replies
    wnd.com ^ | 9/19/2014 | Patrice Lewis
    Way back in about 1987, I was working as a projects coordinator for a male-dominated branch of a huge corporation. About twice a year the company would fly us down to Los Angeles for two days of meetings. Normally these were grave, serious sessions full of graphs and flowcharts and vocabulary words like “parameter” and “synergy.” But one year, in a move straight out of a Dilbert cartoon, we were required to sit through a motivational seminar on corporate leadership and team building.
  • Anti-Coal Policies Causing Florida Electricity Rate Hikes

    09/20/2014 6:04:10 AM PDT · by george76 · 11 replies
    Media Trackers ^ | August 26, 2014 | James Taylor
    Duke Energy seeks nearly $2 million in Florida electricity rate hikes to pay for a new power plant made necessary by environmental restrictions. The electricity rate hikes became necessary as environmental restrictions force the closing of two coal power plants providing Floridians with inexpensive electricity. ... Aided by $10 million in campaign spending by billionaire liberal activist Tom Steyer, the Charlie Crist campaign is hammering Gov. Rick Scott for not imposing still more stringent power plant restrictions, above and beyond those imposed by the federal government. Steyer and Crist say Florida should impose state-specific power plant restrictions that would close...
  • Convicted Eco-Terrorist Leads “Yellowstone Wolf Patrol” in Montana

    09/20/2014 5:55:10 AM PDT · by george76 · 24 replies
    Media Trackers ^ | September 17, 2014 | Ron Catlett
    Rod Coronado, a convicted eco-terrorist, is the leader of the controversial “Yellowstone Wolf Patrol,” a new environmental group that plans to shadow legal Montana wolf hunters during the state’s fall and winter wolf season and document the hunts with a video camera. Coronado, a resident of Michigan, is a radical environmentalist who “sank whaling ships nearly 30 years ago in Iceland and later went to prison after torching a Michigan State University lab in 1992 for conducting research for the fur industry” according to The Buffalo News of Buffalo, NY. He also serves as a spokesman for the radical, militant...
  • Here America: Have Some More Filth to Go with that Government

    09/20/2014 4:18:01 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | September 20, 2014 | John Ransom
    Yes, the Democrats are that desperate. Smacked with the guy who has made his business to lead the loyal opposition to policies that hurt the country, the Democrats did something so foul, so mind numbingly stupid and so desperate that it out Nixoned Nixon in his worst of days. And in doing so, theyÂ’ve completed the transformation from political party to caricature. Does Rick Perry's indictment disqualify him for 2016?!!! asks CNN, while fronting for the Dems. No, the indictment probably does not disqualify him. But Marco RubioÂ’s sip of water during a televised address should, right? RubioÂ’s problem...
  • Obama, Clinton urge women to back Democrats

    09/19/2014 6:48:43 PM PDT · by NormsRevenge · 25 replies
    Yahoo! News ^ | 9/18/14 | Ken Thomas - ap
    WASHINGTON (AP) — Heading into President Barack Obama's final midterm election in the White House, Democrats on Friday sought to energize female voters, pointing to women as key to the party's future. "We do better when we field the whole team. When women succeed, America succeeds," Obama said at an annual forum sponsored by the Democratic National Committee.
  • Sonoma County jobless rate falls in August

    09/19/2014 6:01:55 PM PDT · by rey · 4 replies
    Press Democrat ^ | September 19, 2014 | ROBERT DIGITALE
    With school employees returning to work, Sonoma County’s unemployment rate dipped in August to 5.4 percent, the lowest rate for the month in seven years. In August, Sonoma had the fifth-lowest unemployment rate among the state’s 58 counties. Marin ranked first with a rate of 4.2 percent. Napa ranked fourth at 4.8 percent, Mendocino was 12th at 6.1 percent and Lake, 40th at 8.9 percent.
  • Al Jazeera America Sues Former VP Gore

    09/19/2014 3:38:54 PM PDT · by Oldeconomybuyer · 26 replies
    ABC News ^ | September 19, 2014
    Al Jazeera America is suing former Vice President Al Gore and Joel Hyatt, the former owners of the TV network that became Al Jazeera America. The parties are fighting over money that is being held in escrow. The former vice president and Hyatt, the founder of Hyatt Legal Services, sued the network last month saying that it was improperly withholding tens of millions of dollars placed in escrow when Al Jazeera bought Current TV for $500 million. Al Jazeera America says it is entitled to the money because Gore and Hyatt agreed to indemnify the network for claims made against...
  • Food stamp system to go down across New York this weekend

    09/19/2014 2:21:45 PM PDT · by dynachrome · 61 replies
    Syracuse.com ^ | 9-19-14 | Marnie Eisenstadt
    Shop now if you depend on food stamps or cash assistance from New York. Neither will work starting early Sunday morning. The system will go down at midnight and isn't expected to come back online until noon Sunday. It's being shut down so the state can switch to a new company to run the program. It will take at least 12 hours to do the switch. Medicaid benefits are on the same card, but they will not be affected by the change. Nearly a third of the city's residents rely on food stamps, according to U.S. Census data. Toni Maxwell,...
  • ECB Debuts Another Policy Failure

    09/19/2014 1:27:14 PM PDT · by Kaslin · 11 replies
    Townhall.com ^ | September 19, 2014 | Mike Shedlock
    Following on the "success" of the ECB's LTRO (Long Term Refinance Operation) which did nothing to spur lending and everything to create the biggest sovereign bond bubble the world has ever seen, ECB president Mario Draghi announced a TLTRO or Targeted LTRO on September 4. The ECB's intent is to spur lending. Lending Spree Short of Expectations Today the Financial Times reports ECB’s Lending Spree Short of Expectations. The European Central Bank’s first offer of cheap four-year loans has fallen short of expectations, dealing a blow to president Mario Draghi’s hope of sustaining the eurozone’s ailing economy by expanding the...
  • Washington DC Maintains Its Prohibition on the Second Amendment

    09/19/2014 1:19:08 PM PDT · by Kaslin · 17 replies
    Townhall.com ^ | September 19, 2014 | Michael Schaus
    Washington DC has been ordered to allow concealed handguns… But, c’mon, let’s not get carried away. I mean, why on Earth would we rush to allow such American freedoms in America’s capitol, right? Following in the footsteps of liberal enclaves like Boston, New York, and the People’s Republic of California, Washington DC is paying lip service to the Second Amendment by crafting a “May Issue” concealed carry rule.Essentially, the rule amounts to an arbitrary case-by-case determination of concealed carry applications, where applicants will be asked to provide a “legitimate” reason for carrying a gun. According to WJLA:The District is seeking to...
  • Subsidies and Third-Party Payer = Inefficiency and Higher Prices

    09/19/2014 1:04:34 PM PDT · by Kaslin · 2 replies
    Townhall.com ^ | September 19, 2014 | Daniel J. Mitchell
    People sometimes think I’m strange for being so focused on the economic harm that results from third-party payer. But bear with me and we’ll see why it’s a very important issue.If you’re not already familiar with the term, third-party payer exists when someone other than the consumer is paying for something. And it’s a problem because people aren’t careful shoppers when they have (proverbially) someone else’s credit card.Moreover, sellers have ample incentive to jack up prices, waste resources on featherbedding, and engage in inefficient practices when they know consumers are insensitive to price.I’ve specifically addressed the problem of third-party payer...
  • Rick Scott's Toll Lanes Definitely Newsworthy ... but an Exposé?

    09/19/2014 12:41:14 PM PDT · by Tolerance Sucks Rocks · 13 replies
    Sunshine State News ^ | September 17, 2014 | Nancy Smith
    In August 2011 Gov. Rick Scott first made it plain he likes toll lanes on major highways and wants more of them. They speed up traffic, he said. In October 2011, PolitiFact Florida checked out his assessment, rated it "mostly true." So it was a little surprising to see the Florida Center for Investigative Reporting (FCIR), whose stated purpose is "to expose corruption, waste and miscarriages of justice," expose Scott's commitment to toll lanes. Don't get me wrong, I think it's great this news is well and truly in front of the public again. And shame on all of us...
  • Senate Bill Passes To End FDA Stranglehold On Sunscreen Innovation

    09/19/2014 12:03:32 PM PDT · by Tolerance Sucks Rocks · 15 replies
    The Daily Caller ^ | September 18, 2014 | Jonah Bennett
    Without any objection, the Senate has passed a bill forcing the FDA to speed up the approval process for sunscreen technology, HAPPI reports.Sunscreen technology has stagnated in the United States since the 1990s, not because companies have failed to innovate, but because the Food and Drug Administration has been sitting on proposals submitted 12 years ago without even reviewing them.The proposals include new sunscreen ingredients, and since the FDA has dropped the ball, the Senate has picked it up with the passage of the Sunscreen Innovation Act on Wednesday night.Rates of melanoma have skyrocketed in the last 40 years, giving...
  • Hulsey: Jobs plan plagiarism more ‘Mary Burke Amateur Hour Campaign’

    09/19/2014 10:58:00 AM PDT · by afraidfortherepublic · 6 replies
    The Wisconsin Reporter ^ | 9-19-14 | M. D. Kittle
    MADISON, Wis. — In this week’s Marquette Law School poll, 48 percent of respondents said Madison millionaire Mary Burke, the Democrat’s candidate for governor, has not been clear enough about what she would do if elected. Now it turns out Burke’s signature jobs plan, the one area in which she seemed clear about her intentions, was lifted from others. Buzzfeed, which has had its own PR black eyes with plagiarism, reported late Thursday that Burke’s plan, “Invest for Success” pilfers entire passages from the jobs plans laid out by Delaware Democratic Gov. Jack Markell in 2008, and Democratic gubernatorial candidates...
  • Here a bubble, there a bubble: Ol' Marc Faber

    09/19/2014 10:34:58 AM PDT · by SkyPilot · 9 replies
    CNBC ^ | 19 Sep 14 | Matthew J. Belvedere
    Even after the Dow and the S&P 500 closed at new all-time highs, closely followed contrarian Marc Faber keeps sounding the alarm. "We have a bubble in everything, everywhere," the publisher of The Gloom, Boom & Doom Report told CNBC's "Squawk Box" on Friday. Faber has long argued that the Federal Reserve's massive asset purchasing programs and near-zero interest rates have inflated stock prices. The catalyst for a market decline, as he sees it, could be a "raise in interest rates, not engineered by the Fed," referring an increase in bond yields.
  • Super-rich make last stand against California drought

    09/19/2014 10:09:08 AM PDT · by Lorianne · 37 replies
    Telegraph (UK) ^ | 13 September 2014 | Nick Allen
    In one of America's richest towns residents are paying more than ten times the going rate for water in a desperate attempt to stave off California's "epochal" drought ___ Nestled under the Santa Ynez mountains and cooled by the Pacific Ocean breeze, the billionaires' bolt hole of Montecito, California, seems at first glance like a palm tree-strewn idyll. Here, in one of America's wealthiest post codes, celebrities including Oprah Winfrey, George Lucas, Rob Lowe, Kevin Costner and Ellen DeGeneres live alongside CEOs too numerous to mention in some of the world's biggest and most outlandish homes. But look a little...
  • One in 10 Americans’ paychecks get docked to pay off debts

    09/19/2014 9:53:00 AM PDT · by george76 · 16 replies
    Market Watch ^ | Sept 16, 2014 | Priya Anand
    One in 10 Americans between the ages of 35 and 44 had money seized from a paycheck and sent off to pay a debt last year ... the average household’s balance at about $6,802. And one in three Americans is dogged by collections, or debts more than 180 days past due, for credit card balances, child-support, medical or utility bills. For most people, garnished wages went toward child support (41.5%). After student and consumer loans (35.4%), workers’ pay was also docked to pay off tax debts (18.3%) and bankruptcies (4.9%).
  • NASA’s Contractors

    09/19/2014 9:44:51 AM PDT · by rktman · 13 replies
    nationalreview.com ^ | 9/19/2014 | Taylor Dinerman
    Boeing has walked away with the biggest share ($4.2 billion) of the money, as its design was further along than that of the SpaceX proposal and, in the opinion of NASA’s leadership, has the best chance of meeting the schedule. At first glance this looks wrong, because SpaceX is already flying its unmanned Dragon 1 on supply missions to the International Space Station, fulfilling its part of one of the original COTS contracts. While a manned version of the Dragon 1 was certainly possible, Elon Musk and the team at SpaceX chose instead to develop something far more ambitious. The...
  • Super-rich rush to buy 'Italian Job' style gold bars

    09/19/2014 9:41:52 AM PDT · by C19fan · 20 replies
    UK Telegraph ^ | September 28, 2014 | John Ficenec
    The super-rich are looking to protect their wealth through buying record numbers of "Italian job" style gold bars, according to bullion experts. The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost. "These gold bars are usually stored in the vaults of central banks and are the same ones you see in the film 'The Italian Job'," added David Cousins, bullion executive from London based ATS Bullion.
  • Boom: Alibaba surges in huge IPO debut

    09/19/2014 9:31:49 AM PDT · by C19fan · 17 replies
    CNN Money ^ | Septembet 19, 2014 | Matt Egan
    Shares of the Chinese e-commerce giant opened at $92.70. That marks a 36% pop from the $68 price of its record-shattering initial public offering. The first day of trading can be very volatile. Alibaba continued to climb and nearly hit $100 before sinking back down to around $93.
  • The Lawyer on Trial for Christ

    09/19/2014 9:04:55 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | September 19, 2014 | John Ransom
    When a witness for the prosecution provides the testimony that affirms the innocence of the defendant—when a witness is turned—there can be no more dramatic and powerful exoneration for the accused. And amongst the many gifts that David Limbaugh brings to bring to his latest best-selling book, Jesus on Trial: A Lawyer Affirms the Truth of the Gospel, it is Limbaugh’s gift of disbelief, his prior agnosticism toward “the God of the Bible,” that provides the gripping testimony necessary to turn an ordinary apologetics book into an extraordinary defense of, not just the Bible, but of belief in general. What...
  • Where the Middle Class Goes to Die: In progressive Manhattan, inequality is maxed out.

    09/19/2014 7:27:10 AM PDT · by SeekAndFind · 5 replies
    National Review ^ | 09/19/2014 | Kevin D. Williamson
    A new report being released today by the Census Bureau finds that Manhattan has the highest level of income inequality in the United States. That is not entirely surprising, though it would also not have been surprising if it had been San Francisco or another progressive fiefdom. For all the rhetoric about wicked 1 percenters and inequality, progressivism is a luxury good, and progressive-dominated enclaves are generally pretty okay places to live if you have a fair amount of money, but sort of stink if you’re in the middle or at the lower end of the earnings curve. Because most...
  • Greens v. the poor: It’s a movement of the ‘haves’ duping the 'have nots'

    09/19/2014 7:23:14 AM PDT · by SeekAndFind · 6 replies
    New York Post ^ | 09/18/2014 | By Naomi Schaefer Riley
    Looking for something to do this weekend that will help those less fortunate than you? Better steer clear of the People’s Climate Change March. Set to start Sunday morning on the Upper West Side, the march includes everything from labor unions to synagogues, beekeepers to anarchists, anti-Zionists to anti-corporate groups. The thousands of marchers will, the Web site tells us, “take to the streets to demand the world we know is within our reach: a world with an economy that works for people and the planet; a world safe from the ravages of climate change; a world with good jobs,...
  • KEYSTONE PIPELINE COST EXPECTED TO DOUBLE, TRANSCANADA CEO SAYS

    09/19/2014 7:04:39 AM PDT · by shove_it · 5 replies
    MarketReports ^ | 18 Sep 2014 | WPENGINE
    WASHINGTON– TransCanada Corp.’s chief executive said the cost to build the Keystone XL pipeline, currently estimated at $5.4 billion, is expected to double by the time the U.S. government completes its review of the largest part of the project. Russ Girling, chief executive of the Calgary, Alberta,-based company, in an interview this week said he expects the project’s cost could increase to a “number that gets you into the high single digits to a 10 number.” He was hesitant to say the project’s cost could double. “I was actually trying to avoid saying those words,” Mr. Girling said. “Obviously, the...
  • Shakespeare Didn't Really Want To Kill All The Lawyers, But We Should Deregulate Their Profession

    09/19/2014 6:01:39 AM PDT · by reaganaut1 · 19 replies
    Forbes ^ | September 18, 2014 | George Leef
    One of the Bard’s often-quoted lines is Dick the Butcher’s admonition in Henry VI, Part 2, “The first thing we do, let’s kill all the lawyers.” That idea, argues lawyer David Epstein, is mistakenly thought to mean that Shakespeare was antagonistic toward the legal profession. Instead, as we read in this Wall Street Journal piece, Shakespeare actually meant “to portray lawyers as the guardians of the rule of law who stand in the way of a fanatical mob.” Whether you agree with Epstein’s interpretation or not, more than four centuries after Shakespeare’s time, we should do something about lawyers, something...
  • OMG: Limbaugh's 'Jesus' banished from NYT best seller list

    09/19/2014 4:47:44 AM PDT · by afraidfortherepublic · 15 replies
    The Washington Examiner ^ | 9-18-14 | Paul Bedard
    There they go again. The New York Times Book Review, which has a history of belatedly recognizing conservative bestsellers, has banished conservative legal author David Limbaugh’s latest, Jesus on Trial, from its upcoming best seller list despite having sales better than 17 other books on the list. According to publishing sources, Limbaugh’s probe into the accuracy of the Bible sold 9,660 in its first week out, according to Nielsen BookScan. That should have made it No. 4 on the NYT print hardcover sales list. Instead, Henry Kissinger’s World Order, praised by Hillary Clinton in the Washington Post, is No. 4...
  • Union head files OSHA complaint over Scott Walker ad

    09/19/2014 4:34:53 AM PDT · by afraidfortherepublic · 16 replies
    MSNBC ^ | Meredith Clark
    Scott Walker can’t stop digging himself into a hole with union workers. After stripping public-sector union members of collective bargaining rights in 2011, one might think that there wasn’t more the Republican governor could do to anger workers. But Walker, who is locked in a tight race Wisconsin against Democratic challenger Mary Burke, ran afoul of the president of a local steelworkers’ union over a recent campaign ad. In the ad, Walker speaks to the camera from a deep hole. Jeff Kaminsiki, head of the United Steelworkers Local 2006, filed a complaint with the Occupational Health and Safety Administration over...
  • How gender mattered in the rise and fall of Debbie Wasserman Schultz

    09/19/2014 3:52:49 AM PDT · by afraidfortherepublic · 18 replies
    The Washington Post ^ | 9-19-14 | Nia-Malika Henderson
    <p>That's really the only way to describe Politico's piece on DNC Chairwoman Debbie Wasserman Schultz.</p> <p>Based on interviews with DNC staffers -- both former and current -- the piece described Wasserman Schultz as something of a modern-day Tracy Flick: over-eager, disloyal and not shy about promoting her ambitions.</p>
  • ObamaCare's Numbers Game

    09/19/2014 3:28:52 AM PDT · by IBD editorial writer · 7 replies
    Investor's Business Daily ^ | 09/18/2014 | IBD Staff
    Health Reform: It seems the administration had been exaggerating the number of people enrolled in ObamaCare to the tune of about 700,000. We're shocked! Shocked! At a hearing Thursday, Marilyn Tavenner, head of the Centers for Medicare and Medicaid Services, finally confessed that 7.3 million were enrolled in ObamaCare plans as of mid-August. In other words, the administration had been inflating the "enrollment" number nearly 10% by counting anyone who had completed the application process, not those who paid their premiums. Now, they say it's no big deal, because everyone expected some attrition. But even this new, lower number is...
  • Dem Senator’s Small Business Experience Was Co-Running Store that Sold Stolen Goods

    09/19/2014 2:53:00 AM PDT · by afraidfortherepublic · 13 replies
    Washington Free Beacon ^ | 9-18-14 | CJ Ciarmarella
    Throughout her political career, including during her current race against former GOP Sen. Scott Brown, Sen. Jeanne Shaheen (D., N.H.) has touted her experience as a small business owner. Shaheen’s small business “experience” was co-running a store that once sold thousands of dollars-worth of stolen jewelry. “As the former owner and manager of a small retail business, Senator Shaheen knows what it’s like to worry about meeting payroll and inventory costs to keep a business going,” the Issues section of her Senate website declares. Her Senate biography also describes her as a “former small business owner.” This week, the Shaheen...