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Business/Economy (News/Activism)

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  • Ferguson isn’t about black rage against cops. It’s white rage against progress.

    08/29/2014 3:06:44 PM PDT · by 2ndDivisionVet · 10 replies
    The Washington Post ^ | August 29, 2014 | Professor Carol Anderson
    When we look back on what happened in Ferguson, Mo., during the summer of 2014, it will be easy to think of it as yet one more episode of black rage ignited by yet another police killing of an unarmed African American male. But that has it precisely backward. What we’ve actually seen is the latest outbreak of white rage. Sure, it is cloaked in the niceties of law and order, but it is rage nonetheless. Protests and looting naturally capture attention. But the real rage smolders in meetings where officials redraw precincts to dilute African American voting strength or...
  • Ignoring the U.S. debt problem won't wash it away

    08/29/2014 2:05:17 PM PDT · by SeekAndFind · 5 replies
    Washington Examiner ^ | 08/29/2014 | Philip Klein
    There are few characteristics of human nature that are more immutable than the tendency to be focused on the short term. And just like a heart patient straying from his diet as time passes after his heart attack, the political class has collectively decided to tune out the federal debt as an issue. Between 2009 and 2012, the federal government ran deficits exceeding $1 trillion per year, for a total of $5.1 trillion over four years. During this time, the issue of deficits and debt became a prominent part of the national political conversation. In contrast, a Congressional Budget Office...
  • US STOCKS-S&P 500 edges up to set new record again; best month since Feb

    08/29/2014 1:59:46 PM PDT · by SeekAndFind · 3 replies
    Reuters ^ | 08/29/2014 | Chuck Mikolajczak
    * Trading volumes light ahead of Labor Day holiday * Major indexes notch fourth straight week of gains * Chicago PMI, consumer sentiment both top forecasts * Indexes up: Dow 0.11 pct, S&P 0.33 pct, Nasdaq 0.5 pct U.S. stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest positive data helped extend a rally that had been briefly threatened by overseas concerns. Since falling to a near three-month low on Aug. 7, the S&P 500 has risen in 12 of...
  • A Big Summer Story You Missed: Soaring Oil Debt

    08/29/2014 1:58:24 PM PDT · by ckilmer · 9 replies
    resilience.org ^ | 8/29/2014 | by Andrew Nikiforuk,
    A Big Summer Story You Missed: Soaring Oil Debt by Andrew Nikiforuk, originally published by The Tyee  | TODAY Over 100 of the world's largest energy companies are running out of cash. Photo of Keystone pipeline in Nebraska by Shannon Ramos. Creative Commons licensed.Some of the summer's biggest news stories took place in the bombed schools of Gaza, the abandoned hospitals of the Democratic Republic of Congo, the wheat fields of eastern Ukraine and the bloody mountains of northern Iraq.But one of the most important made virtually no headlines at all, and seemed to only appear on the website of...
  • U.S. Hikes Fee To Renounce Citizenship By 422%

    08/29/2014 1:42:28 PM PDT · by Former Proud Canadian · 30 replies
    Forbes ^ | Aug 28, 2014 | Robert W. Wood
    Over the last two years, the U.S. has had a spike in expatriations. It isn’t exactly Ellis Island in reverse, but it’s more than a dribble. With global tax reporting and FATCA, the list of the individuals who renounced is up. For 2013, there was a 221% increase, with record numbers of Americans renouncing. The Treasury Department is required to publish a quarterly list, but these numbers are under-stated, some say considerably. The presence or absence of tax motivation is no longer relevant, but that could change. After Facebook co-founder Eduardo Saverin departed for Singapore, Senators Chuck Schumer and Bob...
  • New Black agenda: Economic empowerment

    08/29/2014 1:26:22 PM PDT · by 2ndDivisionVet · 15 replies
    Insight News ^ | August 7, 2014 | Hazel Trice Edney
    The winner of the U. S. Minority Business Development Agency's (MBDA) Lifetime Achievement Award says the economic fate of America's Black community "hangs in the balance" because "we are a fourth quarter people". Michael Grant, president of the National Bankers Association and its foundation, says, "Unlike our Hispanic and Asian brothers and sisters, we had to spend the first three quarters just getting in the game...So you see, all things being equal, our ethnic counterparts came to the game with a different mindset, a different set of circumstances, a different self-image, and already with some capital from back home." Grant...
  • Paul Ryan: Big government has U.S. at ‘tipping point’

    08/29/2014 8:43:14 AM PDT · by afraidfortherepublic · 33 replies
    Watchdog.org ^ | 8-26-14 | Ben Yount
    It is no longer a question of how much government Americans want. The only question is how much government Americanscan afford. And the former Republican vice presidential candidate, U.S. Rep. Paul Ryan, R-Wis., said the answer is becoming clear. “I talk about this in the book,” Ryan told Watchdog Radio Monday. “About very progressive policies. About the outcomes they produce, and how they bankrupt governments.” Ryan writes in his new book, “The Way Forward: Renewing the American Idea”, that the federal government has expanded entitlement programs, Medicare, Social Security and now Obamacare, to the point where they cost far more...
  • Unions distance themselves from Obama economic record [Kabuki for Sycophants]

    08/29/2014 7:30:34 AM PDT · by SoFloFreeper · 8 replies
    Washington Times ^ | 8/28/14 | S.A. Miller
    Largest U.S. labor union not ready to back Hillary Clinton 2016 White House bid The country’s largest labor union won’t endorse any Democrat who has the same economic team as President Obama and won’t be getting behind Hillary Rodham Clinton early in the 2016 presidential race, AFL-CIO President Richard Trumka said Thursday. “If you get the same economic team, you’re going to get the same results. The same results aren’t good enough for working people,” he said.
  • Obama's Logical, Fanatical Foreign Policy

    08/29/2014 7:16:22 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | August 29, 2014 | John Ransom
    After World War I the third rate minds who brought us the conflict to begin with came up with another stupid idea: They decided to divide up former German, Austrian and Turkish empires into separate countries, like Czechoslovakia, and create makeshifts, like the Danzig Corridor. Germany lost territory to Poland to create a land corridor to Danzig that gave Poland access to the sea.Never mind that it cleaved a country in two. It was these territorial wedges-- wedges that diced up ethnicity-- that Hitler used to gain legitimacy in the eyes of Germans. By cutting up countries in defiance of...
  • Good-Bye, Treaty - a non-binding climate-change accord

    08/29/2014 7:15:05 AM PDT · by Cincinatus' Wife · 9 replies
    National Review ^ | August 29, 2014 | Rupert Darwall
    I am speaking on behalf of the United States of America because my negotiators cannot,” Abigail Borah, a youth delegate to the 2011 Durban climate negotiations, yelled from the conference floor. “I am scared for my future,” she cried, silencing Todd Stern, the Obama administration’s chief climate negotiator. “We need an urgent path to a fair, ambitious, and legally binding treaty.” Now the Obama administration is signaling that there will be not be a new climate treaty. According to a report in Wednesday’s New York Times, the path to a treaty has come to an end, 14 months before the...
  • The Obama economy means fewer jobs, lower wages

    08/29/2014 6:52:41 AM PDT · by markomalley · 7 replies
    Absolute Rights ^ | 8/29/2014 | Jon Dougherty
    During his entire first term and beyond, President Obama and his sycophantic defenders blamed “the bad economy” on George W. Bush, as if his policies alone were the cause of the worst financial crisis since the Great Depression. But Bush has been out of office now for nearly six years, and for certain has had zero influence on the country’s economy during that period.In short, then, Obama now owns the economy and has for quite some time. So kind of shape is it in? Not good. According to the latest Job Openings and Labor Turnover Survey (JOLTS), a report that...
  • China to cut SOE executives' salaries

    08/29/2014 6:23:51 AM PDT · by Oldeconomybuyer · 6 replies
    Xinhua News ^ | August 29, 2014
    BEIJING -- The top leadership of the Communist Party of China (CPC) decided on Friday to cut salaries for executives of state-own enterprises (SOEs). During a meeting presided over by Chinese President and CPC General Secretary Xi Jinping, the Political Bureau of the CPC Central Committee approved plans to reform the system that determines centrally administered SOE executives' salaries and the size of their expense accounts and other privileges. In a statement released after the meeting, the Political Bureau said excessive salaries will be cut to reasonable levels. It urged SOEs to improve their corporate ethics, saying that income gaps...
  • U.S. consumer spending falls for first time in six months

    08/29/2014 5:47:16 AM PDT · by Oldeconomybuyer · 6 replies
    Market Watch ^ | August 29, 2014 | By Jeffry Bartash
    Consumer spending fell in July for the first time in six months, as Americans cut back on purchases of new cars and other retail goods, the government reported Friday. The drop in spending was a bit of a surprise: economists polled by MarketWatch had predicted a seasonally adjusted 0.1% increase. The growth in incomes, meanwhile, slowed to 0.2% pace in July from 0.5% in each of the prior two months. It was the smallest gain since December and also below Wall Street expectations.
  • Uncle Stupid’s Sugar Buzz: The US Government Aids the Sugar Industry's Legal Thievery

    08/29/2014 4:50:43 AM PDT · by SeekAndFind · 4 replies
    National Review ^ | 08/28/2014 | Kevin Williamson
    Twenty-three years ago, Pepe Fanjul went to the Dominican Republic on business and stayed for love. “I thought, wouldn’t it be wonderful to have a house in the Caribbean, a very airy, outdoor atmosphere — not busy — with ocean views from every window and lots of grass and greens, since my wife is an expert gardener. We didn’t want a marble palace; nothing formal like our New York apartment or even my ranch, just something that fit the area, a Caribbean feel — Bali Caribbean, if you will.” . . . Today, while the family shows up for...
  • Rick Perry: Flip Senate control to GOP to solve problems

    08/29/2014 4:22:18 AM PDT · by afraidfortherepublic · 20 replies
    CBS ^ | 8-28-14
    COLUMBIA, S.C. - The Republican Party must control Congress in order to solve national problems like immigration, Gov. Rick Perry, R-Texas, said Wednesday during a fundraiser for the South Carolina Republican Party. Despite recently being indicted on two felony counts of abuse of power, Perry visited the Palmetto State - the first Southern state to hold a primary during presidential elections - right after spending a few days in New Hampshire, which holds the second nominating contest in the country. In addition to the fundraiser, Perry had time to watch Texas A&M, his alma mater, take on the University of...
  • Rising (Maxine) Waters

    08/29/2014 4:10:57 AM PDT · by afraidfortherepublic · 4 replies
    Politico ^ | 8-29-14 | MJ LEE and ZACHARY WARMBRODT
    Maxine Waters — the fiery liberal from Los Angeles known for calling House Republican leadership “demons” and threatening to nationalize oil companies — has gone from the scourge of Big Business to a sympathetic ally for corporate America. It’s no accident. Waters is executing this transformation by seizing on the growing divide between conservative Republicans and Big Business and leveraging her position as the top Democrat on the House Financial Services Committee, where in the coming weeks she will play a role in the battles over extending a terrorism insurance program and the Export-Import Bank. A large part of her...
  • Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    08/29/2014 12:43:49 AM PDT · by wetphoenix · 9 replies
    Exeminer ^ | August 27, 2014 | Kenneth Schortgen Jr
    Aug. 27 will officially go down as a red letter day in the history of reserve currencies and dollar hegemony in how oil and gas are purchased throughout the world. In a new announcement from the Russian business media source, Kommersant, Gazprom has conducted the first sale of oil in a currency other than the dollar, and will henceforth open their purchase window to accept both Roubles and Yuan for the exchange of oil and gas products. Beginning today with an 80000 ton oil shipment from their Arctic fields, Gazprom Neft agreed to new terms on the sale and transfer...
  • Fed Chair Yellen’s assets up 8 percent during 2013

    08/28/2014 11:29:57 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Aug 28, 2014 4:25 PM EDT | Martin Crutsinger
    Federal Reserve Chair Janet Yellen’s assets rose in value by at least 8 percent during 2013, raising their total to between $5.3 million and $14.1 million, according to her latest financial disclosure released Thursday. Yellen’s biggest asset is a trust fund she set up in 1992 with her husband, George Akerlof, a Nobel Prize-winning economist. The value of the trust fund is estimated at between $1 million and $5 million. Yellen’s assets have likely been driven up in value by a rebounding economy and a rising stock market. In 2012, her disclosure form estimated her assets at between $4 million...
  • Western Sanctions And Rising Debts Are Already Strangling The Russian Economy

    08/28/2014 8:43:36 PM PDT · by Tau Food · 9 replies
    Forbes ^ | August 28, 2014 | Paul Roderick Gregory
    As Russia scrambles to refinance maturing debt, stabilize the ruble, and battles to halt the collapse of investment in new plant and equipment, Russia will draw down its official reserves and rainy-day funds, capital flight will accelerate, perhaps to unsustainable levels, and economic growth will collapse, perhaps as much as during the financial crisis of 2009. The longer the sanctions stay in place, the worse the consequences. . . . Vladimir Putin has maintained his hold on power via an implicit bargain that he will produce rising standards of living and ensure that pensions and wages are paid on time....
  • Recession Poll Shows Blaming Bush Worked

    08/28/2014 7:32:56 PM PDT · by Kaslin · 26 replies
    Rush Limbaugh.com ^ | August 28, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Remember the exit polling data in the 2012 presidential election. The first wave, and there was a question, that when I saw the results of the exit poll, I said this election is over and Romney's been beat and there's no hope. It was that well over 60 percent of people that voted blame Bush for the economy. Okay. This morning on the Fox Business Network, Opening Bell with Maria Bartiromo, Sandra Smith was filling in as hostette. She spoke with Fox Business Network overseas editor Ashley Webster, a male, about a new poll on American attitudes...
  • ‘Significant increase’ in terror chatter as haunting anniversary of 9/11 nears

    08/28/2014 7:23:35 PM PDT · by afraidfortherepublic · 18 replies
    The Washington Times ^ | 8-28-14 | Douglas Ernst
    The U.S. intelligence community has observed a “significant increase” in chatter among terrorist organizations as the 13th anniversary of the Sept. 11, 2001 terrorist attacks nears. “We’ve noticed a significant increase in chatter among Islamic terrorist organizations overseas both on the Internet and phone lines,” a U.S. government official, speaking on condition of anonymity, told The Blaze. While the intelligence community can not pinpoint whether or not an attack is planned, the official said that agencies “did see this kind of increase in chatter before the September 11 attacks.” Deciphering chatter is more difficult than in previous years because of...
  • In Rush to Condemn Burger King, 'Hardball' Host Makes Whopper of a Factual Error

    08/28/2014 6:39:40 PM PDT · by lowbridge · 9 replies
    newsbusters ^ | august 27, 2014 | ken shepherd
    In his rush to flame-broil Burger King as an unpatriotic fast-food joint looking to skip out on paying its taxes to Uncle Sam, MSNBC Hardball host Chris Matthews sought to enlist the famously pro-free market, pro-capitalism Wall Street Journal. The only problem is his claim is 100 percent Grade A baloney. "The Wall Street Journal lead editorial today came out against it.... The lead editorial today, surprisingly, attacked this tax scheme," Matthews insisted to guest David Corn of the leftist Mother Jones magazine. In point of fact, the Journal editorial board slammed not corporate "inversion" schemes but the current U.S. tax code, which...
  • California drivers brace for costly new gas tax

    08/28/2014 6:26:11 PM PDT · by bkopto · 51 replies
    Fox News ^ | 8/27/2014 | William La Jeunesse and Laura Prabucki
    Californians already pay the nation's second highest gas tax at 68 cents a gallon -- and now it will go up again in January to pay for a first-in-the-nation climate change law. ... Estimates of the cost of the tax vary. The California Air Resources Board, the Golden State's premier anti-pollution agency, predicts the new tax will raise gasoline prices from 20 cents to $1.30 per gallon. A prominent state senator who helped author the bill estimated the cost at 40 cents a gallon. Environmental activists downplay the cost, but hail the impact. "We're going to now tackle probably 40...
  • The ‘We Can’t Wait’ Clause

    08/28/2014 6:21:46 PM PDT · by afraidfortherepublic · 4 replies
    National Review Online ^ | 8-28-14 | Charles C. W. Cooke
    Unlike most American presidents, Barack Obama took his inaugural oath of office twice, the latter affirmation serving as a private belt-and-braces remedy to a verbal mistake, the former as the usual public spectacle. Four years later, he repeated the trick, promising fealty first during an exclusive White House ceremony, and then, a day later, before the nation at large. Thus did our 44th president bring to a remarkable four the number of times that he had solemnly sworn to faithfully execute the Office, and, to the best of his ability, to preserve, protect, and defend the Constitution of the United...
  • Judge again finds state school financing system unconstitutional (TX)

    08/28/2014 6:06:11 PM PDT · by NYTexan · 54 replies
    Star Telegram.com ^ | Aug. 28, 2014 | Morgan Smith
    AUSTIN — Nearly three years after more than 600 Texas school districts sued the state challenging the school finance system, a Travis County judge has ruled in their favor. In an almost 400-page opinion released Thursday, state District Judge John Dietz said that the state’s school finance system is unconstitutional not only because of inadequate funding and flaws in the way it distributes money to districts, but also because it imposes a de facto state property tax. Texas Attorney General Greg Abbott’s office, which had argued that the system was flawed but nonetheless constitutional, said Thursday that the state “will...
  • Europe’s Greater Depression is worse than the 1930s

    08/28/2014 5:37:17 PM PDT · by Lorianne · 20 replies
    Washington Post ^ | 14 August 2014 | Matt O'Brien
    Europe hasn't recovered, because it hasn't let itself. Too much fiscal austerity and too little monetary stimulus have, instead, put it more than halfway to a lost decade that's already worse than the 1930s. It's a greater depression.
  • Holder Cut Left-Wing Groups In On $17 Bil BofA Deal

    08/28/2014 5:14:27 PM PDT · by blueyon · 35 replies
    Investors.com ^ | 8/27/14 | IBD Editorials ???
    Extortion: Radical Democrat activist groups stand to collect millions from Attorney General Eric Holder's record $17 billion deal to settle alleged mortgage abuse charges against Bank of America. Buried in the fine print of the deal, which includes $7 billion in soft-dollar consumer relief, are a raft of political payoffs to Obama constituency groups. In effect, the government has ordered the nation's largest bank to create a massive slush fund for Democrat special interests.
  • Paul Krugman Accidently Got Something (Almost) Right

    08/28/2014 4:33:51 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | August 28, 2014 | Michael Schaus
    Full body shiver… I really loath the sentence I’m about to type. In fact, I hate it so much, I’ve retyped it almost a dozen times; and there is no better way of articulating the disturbing truth: Paul Krugman was right.Okay. I’ve showered. Also, I have slept on this thought. And yet, it’s still haunting me. The Left’s most adored “economist”, who has managed to turn being wrong into a career option, actually stumbled across a small kernel of truth in an otherwise typically inarticulate column. The King-of-Keynes managed to write a completely, and unavoidably, coherent thought last week. I...
  • On second try, California plastic bag ban passes Assembly

    08/28/2014 4:27:49 PM PDT · by Oldeconomybuyer · 33 replies
    Fresno Bee ^ | August 28, 2014 | BY JEREMY B. WHITE
    With a prominent grocery workers’ union back in support, the California Assembly voted on Thursday to impose a statewide ban on single-use plastic bags. Just days after the measure could not muster the 41 votes needing to pass, falling short at 38, it passed on a 44-29 vote. Seven Democrats who withheld votes on the previous attempt pivoted to vote aye. Lawmakers turned back Senate Bill 270 on Monday as the United Food and Commercial Workers Union withdrew crucial labor backing for the sweeping prohibition. Central to the union’s reversal was a provision allowing grocery stores to offer paper or...
  • Inversion Controversy Is about Whether Company Profits Should Flow to Shareholders or Government

    08/28/2014 4:24:28 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | August 28, 2014 | Daniel J. Mitchell
    Since I’ve been in Washington for nearly three decades, I’m used to foolish demagoguery.But the left’s reaction to corporate inversions takes political rhetoric to a new level of dishonesty.Every study that looks at business taxation reaches the same conclusion, which is that America’s tax system is punitive and anti-competitive.Simply stated, the combination of a very high tax rate on corporate income along with a very punitive system of worldwide taxation makes it very difficult for an American-domiciled firm to compete overseas.Yet some politicians say companies are being “unpatriotic” for trying to protect themselves and even suggest that the tax burden...
  • Census figures show more than one-third of Americans receiving welfare benefits

    08/28/2014 4:00:52 PM PDT · by Oldeconomybuyer · 11 replies
    FOX News ^ | August 28, 2014 | By Mike Emanuel
    Fifty years after the “war on poverty” was first waged, there are signs a new offensive is needed. Newly released Census data reveals nearly 110 million Americans – more than one-third of the country – are receiving government assistance of some kind. The number counts people receiving what are known as “means-tested” federal benefits, or subsidies based on income. This includes welfare programs ranging from food stamps to subsidized housing to the program most commonly referred to as “welfare,” Temporary Assistance for Needy Families. At the end of 2012, according to the stats, 51.5 million were on food stamps, while...
  • IMF Chief Under Investigation in French Fraud Case

    08/28/2014 4:00:43 PM PDT · by Kaslin · 1 replies
    Townhall.com ^ | August 28, 2014 | Mike Shedlock
    IMF chief Christine Lagarde Under Formal Investigation in French fraud case. IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister. Lagarde was questioned by magistrates in Paris this week for a fourth time under her existing status as a witness in the long-running saga over allegations that tycoon Bernard Tapie won a large arbitration payout due to his political connections. Under French law, magistrates place a person under formal investigation when they believe there are indications of wrongdoing, but that...
  • Simple Solution To Corporate Inversions: Cut Tax Rates

    08/28/2014 3:59:52 PM PDT · by jazusamo · 9 replies
    Investors.com ^ | August 28, 2014 | Charles Krauthammer
    The Obama administration is highly exercised about "inversion," the practice by which an American corporation acquires a foreign company and moves its headquarters out of the U.S. to benefit from lower tax rates abroad. Not fair, says Barack Obama. It's taking advantage of an "unpatriotic tax loophole" that hardworking American families have to make up for by the sweat of their brow. His treasury secretary calls such behavior a violation of "economic patriotism." Nice touch. Democrats used to wax indignant about having one's patriotism questioned. Now they throw around the charge with abandon, tossing it at corporations that refuse to...
  • Prospect of Another DC Shutdown Looms Over Immigration Showdown

    08/28/2014 3:25:44 PM PDT · by Oldeconomybuyer · 27 replies
    ABC News ^ | August 28, 2014 | By ARLETTE SAENZ
    The prospect of another economically and politically crippling government shutdown looms over President Obama’s talk of taking executive action on immigration next month and Republican threats to thwart him by blocking certain funding measures. Rep. Steve King, R-Iowa, told the Des Moines Register “all bets are off” for passing a continuing resolution if President Obama decides to take executive action on immigration. “If the president wields his pen and commits that unconstitutional act to legalize millions, I think that becomes something that is nearly political nuclear,” King said. “I think the public would be mobilized and galvanized and that changes...
  • Study: Same-sex marriages would add $80M to Georgia economy

    08/28/2014 3:23:24 PM PDT · by madprof98 · 31 replies
    Atlanta Journal-Constitution ^ | 8/28/14 | Dan Chapman
    Allowing same-sex marriage in Georgia would pump nearly $80 million into the state’s economy, according to a study released Thursday by the UCLA school of law. The U.S. Census Bureau reports that 21,318 same-sex couples live in Georgia. Half would choose to marry within three years, the law school’s Williams Institute estimates, based on similar patterns in Massachusetts and other states where same-sex marriage is legal. Highlights of the study include: - Spending on wedding arrangements by the couples, and their out-of-town guests, would add $78.8 million to the state and local economies over three years.
  • America’s coal heartland is in economic freefall — but only the most desperate are fleeing

    08/28/2014 11:46:12 AM PDT · by Brad from Tennessee · 40 replies
    Washington Post ^ | August 28, 2014 | By Chico Harlan
    LOGAN, W.Va. — For 51 years he’d lived in the same hollow and for two decades he’d performed the same job, mining coal from the underground seams of southern West Virginia. Then, on June 30, Michael Estep was jobless. His mine shut down, and its operator said “market conditions” made coal production unviable. What has come since, for Estep, stands as the new Central Appalachian economic experience: a job-hunt in a region whose sustaining industry is in an unprecedented freefall. “I don’t know what to do,” Estep said as unpaid bills piled up, his cable cut to black, and his...
  • Dem Rep: Obama Must Go Forward on Amnesty to Quell Latino Racial Unrest

    08/28/2014 11:50:52 AM PDT · by afraidfortherepublic · 40 replies
    Breitbart TV ^ | 8-28-14
    Thursday on MSNBC's "José Díaz-Balart," Rep. Raul Grijalva (D-AZ) said President Barack Obama should use an executive order and grant amnesty to an estimated 5 million illegal immigrants already living in the United States because it will "quell some of the unrest" caused by "racial overtones" of anti immigration rhetoric. He said, "Latinos that are fourth, fifth generation -- they see this as a civil rights issue." Grijalva said Obama's amnesty, "Will quell some of the unrest that we are seeing in our communities and the racial overtones that continue to build around this issue." He explained, "The issue of...
  • Judicial Watch Files Lawsuit against University of CA to End Tuition Grants for Illegal Aliens

    08/28/2014 11:36:37 AM PDT · by afraidfortherepublic · 8 replies
    Suit charges that both federal and state law prohibit UC system from using tax dollars to provide discounted in-state tuition benefits and financial aid to illegal aliens (Washington, DC) – Judicial Watch announced today that on August 26 2014, it filed a lawsuit in the Superior Court for the State of California, Los Angeles County, seeking an end to an estimated annual $19.6 million in non-resident tuition waivers currently being given to illegal alien students by the University of California (UC) Regents (Earl De Vries v. Regents of the University of California (No. 555614)). The suit also seeks an end...
  • Stagnation: CBO Revises 2014 GDP Growth Projection Down to 1.5 Percent

    08/28/2014 10:47:15 AM PDT · by Hotlanta Mike · 18 replies
    Townhall.com ^ | Aug 28, 2014 | Guy Benson
    When the economy shrinks substantially over the course of an economic quarter, tepid recoveries tend to look, well, tepid. The nonpartisan Congressional Budget Office has slashed its predictions for US economic growth in 2014: The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year. The new assessment was considerably more pessimistic than the Obama administration's, which predicted last month that the economy would expand by 2.6 percent this year even though it contracted by an annual rate of...
  • The attack on bad teacher tenure laws is actually an attack on black professionals

    08/28/2014 10:37:14 AM PDT · by Cincinatus' Wife · 72 replies
    Washington Post ^ | August 28, 2014 | Dr. Andre Perry is the founding dean of urban education at Davenport University
    After the Vergara v. California decision in California’s state Supreme Court, which held that key job protections for teachers are unconstitutional, anti-union advocates everywhere began spawning copycat lawsuits. But while reformers may genuinely want to fix education for everyone, their efforts will only worsen diversity in the teaching corps. The truth is that an attack on bad teacher tenure laws (and ineffective teachers in general) is actually an attack on black professionals. If the Vergara clones succeed, black children will lose effective teachers and the black community will lose even more middle-class jobs. Black workers are most likely to hold...
  • RNC to spend $100m to get out vote

    08/28/2014 10:15:28 AM PDT · by afraidfortherepublic · 58 replies
    The Washington Examiner ^ | 8-28-14 | David M. Drucker
    The Republican National Committee is on track to spend more than $100 million in the midterm campaign, with virtually every dime plowed into the party’s new digital voter-turnout program. If the program is effective, Republican campaigns will have access to a modern get-out-the-vote operation that has been the hallmark of the Democrats’ success in recent election cycles. But if it fails to deliver as advertised, Republican candidates will be stuck with another subpar voter turnout program and without the resources the GOP traditionally sent to their campaigns in midterm years. The RNC is set this week to announce the deployment...
  • Scientists find secret of reversing bad memories

    08/28/2014 10:14:21 AM PDT · by Red Badger · 54 replies
    www.telegraph.co.uk ^ | 6:00PM BST 27 Aug 2014 | By Sarah Knapton, Science Correspondent
    Bad memories could be reversed after scientists discovered the part of the brain which links emotions to past events Bad memories of past trauma can leave people emotionally scarred for life. But now neuroscientists believe they can erase feelings of fear or anxiety attached to stressful events, in a breakthrough which could help treat depression or post-traumatic stress disorder. Researchers at MIT, US, have discovered which brain circuits attach emotions to memories, and crucially, how to reverse the link. They managed to ‘switch off’ feelings of fear in mice which had been conditioned to feel anxious. It is likely the...
  • They’re Not ‘Americans’

    08/28/2014 9:54:51 AM PDT · by afraidfortherepublic · 23 replies
    PJ Media ^ | 8-28-14 | Michael Walsh
    Minnesotans? Or “Britons.” Or “Norwegians.” Call them what they call themselves: Muslim members of the ummah: As many as 15 Somali-American men have left their homes in Minnesota in recent months to travel to the Middle East and join up with ISIS, the jihadist army at war with Syria and Iraq, according to Minnesota Public Radio. The fighters appear to have made the decision to go fight with Islamic State of Iraq and Syria/Levant while the terror group was fighting to overthrow Syrian dictator Bashar al-Assad, but some may now be in Iraq, where the marauding group is seeking to...
  • Holder cuts left in on $17 billion Bank of America settlement

    08/28/2014 9:42:53 AM PDT · by afraidfortherepublic · 29 replies
    Powerline ^ | 8-28-14
    Radical Democrat activist groups stand to collect millions from Attorney General Eric Holder’s record $17 billion deal to settle alleged mortgage abuse charges against Bank of America, Investors’ Business Daily reports: Buried in the fine print of the deal, which includes $7 billion in soft-dollar consumer relief, are a raft of political payoffs to Obama constituency groups. In effect, the government has ordered the nation’s largest bank to create a massive slush fund for Democrat special interests. The deal requires billions of dollars in debt forgiveness payments to delinquent borrowers. It also requires Bank of America to make billions in...
  • Obama’s use of executive authority is about to become a real political issue

    08/28/2014 9:33:40 AM PDT · by afraidfortherepublic · 25 replies
    The Washington Post ^ | 8-28-14 | Aaron Blake
    President Obama is weighing a big-time executive action on immigration that has both Democrats and Republicans anxious. He's also pursuing a major international climate-change agreement without ratification by Congress. And it's not yet clear whether the White House will seek congressional authorization for military action in Syria that appears increasingly likely. Yes, we are finally entering into what could be a very big debate about executive authority -- and with the 2014 election just weeks away. ThIS (sic) debate was supposed to happen when House Republicans sued Obama over his having delayed a portion of Obamacare unilaterally. But if he...
  • Russia Economy in Trouble, Official Says

    08/28/2014 9:32:03 AM PDT · by Tau Food · 20 replies
    Forbes ^ | August 25, 2014 | Kenneth Rapoza
    Not too long ago, top officials within the Russian government said Western sanctions were not going to hurt. A couple of months later, reality has settled in. Russia’s Economic Development Minister, Alexei Ulyukayev, said the economy had many obstacles and entered a negative growth cycle. In an op-ed published in the Vedomosti newspaper Monday, Ulyukayev wrote, “ It could be said that we have entered a negative stage of the economic cycle. Lack of demand is a significant obstacle on the way to restoring steady growth.” Sanctions are not helping matters.
  • Should Union Organizing Be A Civil Right?

    08/28/2014 9:31:40 AM PDT · by reaganaut1 · 21 replies
    Forbes ^ | August 28, 2014 | George Leef
    [T]he NLRA sometimes comes in for criticism from leftists, who argue that it doesn’t do enough to tilt the playing field in favor of unions and collective bargaining. The common complaint is that although the NLRA does make it illegal for employers to discriminate against workers because of union advocacy, the legal processes under that statute are too slow and weak to deter employers from telling workers, “I don’t want to deal with a union and if I find you agitating for one, you’ll be fired.” To remedy that purported defect in the law, Representatives Keith Ellison (D-MN) and John...
  • Weekly Jobless Claims Fall for Second Consecutive Week to 298,000

    08/28/2014 8:33:10 AM PDT · by SeekAndFind · 13 replies
    AOL Jobs ^ | 08/28/2014 | Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits fell for a second straight week last week, underscoring the strengthening labor market fundamentals. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 298,000 for the week ended Aug. 23, the Labor Department said Thursday. Claims for the prior week were revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast claims climbing to 300,000 last week. A Labor Department analyst said there were no special factors influencing the state level data. The four-week average of claims, considered a better measure...
  • U.S. GDP Grew 4.2% In The Second Quarter 2014, Up From Prior Estimate

    08/28/2014 8:30:21 AM PDT · by SeekAndFind · 31 replies
    Forbes ^ | 08/28/2014
    On Thursday, the Bureau of Economic Analysis released its second estimate of real gross domestic product for the second quarter of 2014 — covering April, May and June of this year. The release showed output in the U.S. increasing at an annual rate of 4.2%. This is relative to the first quarter when real GDP declined a sharp 2.1%. The revision is up marginally from BEA’s 4% advance estimate released last month. The revision, BEA said in a release, was largely due to a larger than previously estimated increase in nonresidential fixed investment. However, the increase in private inventory investment...
  • Beware America’s ruthless burger monarch

    08/28/2014 8:30:14 AM PDT · by Squawk 8888 · 37 replies
    National Post ^ | August 28, 2014 | National Post Editorial Board
    Oh, he smiles nice for his royal retinue. But remember that the Burger King — like any absolute monarch — cares not a whit for the common people, especially if they are Canadian. The Burger King’s expansionist desires have been clear for many years. But with the brazen annexation of an iconic Canadian restaurant chain this week, the time for appeasement is over. In interviews with the Financial Post, the Burger King’s minions assured Tim Hortons customers that their coffee-and-crullers experience would remain untouched. Words in the wind. We recall hearing similar soothing noises from the last quick-service imperialist to...