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Business/Economy (News/Activism)

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  • Michaels hack hit 3 million

    04/17/2014 4:46:29 PM PDT · by John W · 6 replies
    CNN Money via KSPR ^ | April 17, 2014 | Katie Lobosco
    NEW YORK (CNNMoney) - A security breach at Michaels Stores lasted eight months and affected about 3 million customers, the company said Thursday. The news comes three months after the nation's largest crafts chain told customers it learned of a possible hack. It's been investigating since then. Some customers' credit and debit card numbers as well as expiration dates were compromised, but the company said there is no evidence that information such as a customers' names or PINs were stolen.
  • Cramer's Stop Trading: Energy Revolution

    04/17/2014 3:11:28 PM PDT · by ckilmer · 1 replies
    Cramer discusses companies involved in Permian basin oil output whose numbers came in today at 2.75 million barrels a day
  • Is This Oil Field the Next Bakken?

    04/17/2014 2:57:59 PM PDT · by ckilmer · 41 replies
    fool.com ^ | April 17, 2014 | Robert Baillieul
    Is This Oil Field the Next Bakken? By Robert Baillieul - April 17, 2014 Over the past few years a handful of energy companies have been silently buying massive tracts of land in a little known area of Louisiana. Early estimates suggest that this oil rich region could contain 7 billion barrels of recoverable oil… putting it on par with other prolific shale fields like the North Dakota Bakken and the Texas Eagle Ford. And their bets are starting to pay off. Many of the area’s big oil producers have reported spectacular numbers from their drilling operations. And this could...
  • There's Austerity in Spain? Where?

    04/17/2014 2:28:01 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | April 17, 2014 | Mike Shedlock
    EL Pais reports Spanish Public Debt Threatens to Exceed 100% of GDP in 2014 Via translation General government debt accumulated through February was 987.945 billion euros, an amount that represents 96.5% of gross domestic product (GDP). This represents a new record in the amount of money the state, communities, and the municipalities have to return to financial institutions and investment funds. In February alone, the government liabilities increased by 8.130 billion, up 8% from the previous month. The debt problem is not just that you have to pay, but the difficulty to stop the frenzied pace to growing-has risen from...
  • Yes, Its Safe for Conservative GOP Christians to Come to Vegas

    04/17/2014 2:11:24 PM PDT · by Kaslin · 16 replies
    Townhall.com ^ | April 17, 2014 | Heidi Harris
    I heard a rumor that some sensitive folks on the religious right are concerned about the possibility of the GOP 2016 convention being held in my beloved hometown, that den of iniquity known as Las Vegas. I have to admit, I’m puzzled. Sure, there’s sin in Vegas, but last time I checked, there was sin in Dallas, Cleveland and even (gasp) River City. Believe it or not, there are hundreds of churches and hundreds of thousands of Christians in Vegas. We can and DO live the same lives people live anywhere. We work, go to school and church, take...
  • CBO ON OBAMA BUDGET: HIGHER DEFICITS THAN CLAIMED

    04/17/2014 2:11:18 PM PDT · by Jim Robinson · 13 replies
    Breitbart ^ | April 17, 2014 | AP
    WASHINGTON (AP) — A report released Thursday by the nonpartisan Congressional Budget Office says President Barack Obama's budget request would mean significantly larger budget deficits than the White House claims. CBO says the budget plan proposed last month by Obama would produce deficits of $6.6 trillion over the next 10 years — $1.6 trillion more than the White House estimates. The main reason is that the White House has a rosier estimate of the economy's performance over the decade than CBO. That means the administration predicts higher tax revenues. The president's budget is just a proposal; it has gained little...
  • NBC: Isn’t it great to have a multi-billionaire pour money into politics?

    04/17/2014 1:56:55 PM PDT · by 2ndDivisionVet · 4 replies
    Hot Air ^ | April 17, 2014 | Ed Morrissey
    Let’s do a thought experiment. If Charles or David Koch got invited onto NBC’s Today show to talk about their efforts to advance their political agenda, would either or both get partnered with Savannah Guthrie for a softball interview? Would their interview include suggestions that one of them should run for President? Kyle Drennen at Newsbusters notes that two weeks prior to Michael Bloomberg’s appearance on Today, the network took a much different approach to money in politics: (VIDEO-AT-LINK)The clip just provides the highlights. Newsbusters has the whole transcript up, but let me just note the tough questions asked by...
  • The Only Way to Make Money is to Take a Stand

    04/17/2014 1:30:55 PM PDT · by Kaslin · 7 replies
    Townhall.com ^ | April 17, 2014 | Bill Tatro
    I was listening to a financial guru/talking head of one of the local radio money shows recently. He was pontificating about the opportunities that were being presented in the stock market if only you knew where to look. What caught my attention, however, was his pronouncement about the problem with recent IPO offerings, most notably Ally (formerly the bankrupt GMAC). He kept warning people away from this stock which put him in my camp. However, when a caller asked him if they should short the stock he immediately went to my “Are you kidding me?” list. It wasn’t whether...
  • Will Taxpayers Be Forced to Bail Out Union Pensions?

    04/17/2014 1:21:39 PM PDT · by Kaslin · 33 replies
    Townhall.com ^ | April 17, 2014 | Daniel J. Mitchell
    As a supporter of genuine capitalism, which means the right of contract and the absence of coercion, I don’t think there should be any policies that help or hinder unions. The government should simply be a neutral referee that enforces contracts and upholds the rule of law. Similarly, I also don’t have any philosophical objection to employers and employees agreeing to “defined benefit” pension plans, which basically promise workers a pre-determined amount of money after they retire based on factors such as average pay and years in the workforce. After all, my money and property aren’t involved, so it’s not...
  • The Air is Full of Sound

    04/17/2014 1:11:19 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | April 17, 2014 | Charles Payne
    On the first part of the journey I was looking at all the life There were plants and birds and rocks and things There was sand and hills and rings The first thing I met was a fly with a buzz And the sky with no clouds The heat was hot and the ground was dry But the air was full of sound.-America The year 1985 saw the beginning of a new dawn in technology, which would see the exploitation and evolution of a defense department project, develop into the worldwide web - the Internet. Building out the pipes and...
  • Media Matters for America is resisting SEIU's effort to unionize its staff

    04/17/2014 11:59:36 AM PDT · by Olog-hai · 13 replies
    Washington Examiner ^ | April 17, 2014 2:36 PM | Sean Higgins
    Media Matters for America is apparently resisting an effort by Service Employees International Union Local 500 to unionize its staff. Last week, the union filed a representation petition with the National Labor Relations Board, indicating that the nonprofit media watchdog organization rejected an effort by the union to organize MMFA’s staff through a Card Check election. […] MMFA has regularly presented itself as a supporter of organized labor. It has argued that “economists point to declining union participation as one cause of the growing economic rift in America” and claimed it was a fact that “unions increase productivity [and] do...
  • The 10 Fastest Rising Food Prices

    04/17/2014 10:58:45 AM PDT · by Oshkalaboomboom · 25 replies
    24/7 Wall Street ^ | April 17, 2014 | Alexander E.M. Hess and Thomas C. Frohlich
    Food prices at the grocery store are up, following an increase in production costs and wholesale prices. In March, retail food prices rose 0.4% from the preceding month, matching February’s increase. These marked the largest monthly gains in food prices since September 2011, according to data from the Bureau of Labor Statistics. Food prices are often volatile and are affected by a number of factors. While certain factors reflect human decision — such as the changing tastes of consumers and farmers’ planting choices — others are forces over which farmers have very little control. Issues such as weather conditions and...
  • Jimmy Carter wants Obama to reject Keystone XL

    04/17/2014 10:33:41 AM PDT · by aimhigh · 38 replies
    United Liberty ^ | 04/17/2014 | Jason Pye
    The man who oversaw an energy crisis has come out strongly against the Keystone XL pipeline. In a letter with other Nobel laureates, former President Jimmy Carter urged President Barack Obama and Secretary of State John Kerry to reject the pipeline, claiming that allowing the project to move forward would worsen climate change.
  • "Ownership Increasingly More Important Than The Job", says Reagan's economist

    04/17/2014 9:18:21 AM PDT · by se99tp · 7 replies
    ChristianConceptsDaily ^ | April 17th, 2014 | Dr. Norman Kurland
    The rich are not the problem, the greedy are not the problem, the crooked are not the problem - the problem is the system that brings them about. If the system is ours, the system means by the people, of the people, for the people, then now it is time to take it back. Now it is time to demand that it would be changed.
  • Feds say Eagle Ford and Bakken could lead to end of U.S. oil imports [by 2037]

    04/17/2014 8:32:55 AM PDT · by topher · 20 replies
    San Antonio Business Journal [via Texas Independent Producers and Royalty Org] ^ | Apr 10, 2014, 6:00am CDT | Sanford Nowlin -Reporter- San Antonio Business Journal
    Net oil imports to the United States could plummet to zero by 2037 because of booming production in South Texas’ Eagle Ford Shale and North Dakota’s Bakken Shale, a branch of the Energy Department projected in a new report.
  • Journalism No Longer the Worst Job In America—Barely

    04/17/2014 7:40:48 AM PDT · by Academiadotorg · 9 replies
    Accuracy in Academia ^ | April 17, 2014 | Don Irvine
    Journalism, which was ranked as the worst job in America last year, inched up a notch to finish at number 199, just ahead of lumberjack on CareerCast’s latest list of the top 200 best and worst jobs in the U.S. for 2014. By “worst jobs,” they are referring to employment opportunities. This is a reversal of last year when lumberjack came in at 199, after finishing at number 200 in 2012. Neither job has a very bright future, with the Bureau of Labor Statistics estimating that logging positions will drop by 9% by 2022, and reporters by 13%. Logging has...
  • Philadelphia chocolate store closed over tax spat

    04/17/2014 7:38:18 AM PDT · by Phillyred · 32 replies
    PHILADELPHIA (AP) - A popular Philadelphia chocolate maker and candy store has been shuttered by the city days before Easter. WPVI-TV (http://bit.ly/1l42Hhe) said Wednesday the Department of Revenue revoked the business license of the Blasius Chocolate Factory in the city's Kensington neighborhood. The small company has been hand-making chocolates since the 1920s. It's noted for its buttercreams and giant Easter eggs. City officials say the business was delinquent in paying taxes. The city says it sent numerous warnings. Owner Phillip Kerwick says he tried to negotiate his $12,000 tax bill but city officials didn't appear for the court hearing. He...
  • 14 Factors to Watch in the 2014 Midterms: Everything you need to know to become an expert in 2014

    04/17/2014 7:30:42 AM PDT · by SeekAndFind · 5 replies
    Pajamas Media ^ | 04/17/2014 | Patrick Reddy
    President Obama and the Democrats clearly have had a case of the winter blues that could well carry over into the fall elections. Republican David Jolly’s upset win in a Florida special election in a district that President Obama had carried twice is a warning sign that it will be extremely difficult for Democrats to re-take the House of Representatives – and Democratic control of the US Senate is now in even more jeopardy. Republican National Committee Chair Reince Priebus is now gleefully predicting a GOP tsunami that will wash over the entire country, Red, Purple and Blue states alike....
  • College: The Sixty-Five Thousand Dollar Misunderstanding

    04/17/2014 7:28:04 AM PDT · by SeekAndFind
    Pajamas Media ^ | 04/17/2014 | Roger L. Simon
    [1]Back in 1962, Robert Gover published a novel called the One Hundred Dollar Misunderstanding [2] whose premise Amazon describes this way: “A college sophomore spends a weekend with a pretty 14-year-old black prostitute under the manly misapprehension that she has invited him because she finds him irresistible.”I remember reading it as an undergraduate and finding it mildly amusing. Of course, inflation being what it is, it’s hard to write a book about a piddling hundred dollar misunderstanding anymore. But somehow the novel came to mind today when reading one of my favorite websites — The College Fix [3]. The...
  • Hah!… SEIU Petitions NLRB to Unionize Lib Employees at Media Matters

    04/17/2014 7:09:35 AM PDT · by george76 · 8 replies
    Gateway ^ | April 16, 2014 | Jim Hoft
    Get your popcorn… The SEIU is petitioning the National Labor Relations Board to unionize the employees the employees at Media Matters. In response, Media Matters has hired a high priced law firm to represent the company. And, here we thought they supported unions? Weird, huh?
  • Income Inequality for Thee, But Not for Me: The Hypocrisy of Nobel Prize Winner, Paul Krugman

    04/17/2014 7:06:29 AM PDT · by SeekAndFind · 5 replies
    American Thinker ^ | 04/17/2014 | Brian C Joondeph, MD
    Paul Krugman is a distinguished economist, Professor of Economics and International Affairs at Princeton University, a NY Times columnist, and a Nobel Laureate. As a frequent commentator on cable news shows, he speaks passionately about income inequality and politics. From his book, The Conscience of a Liberal, he notes that, “Impersonal forces such as technological change and globalization caused America’s income distribution to become increasingly unequal, with an elite minority pulling away from the rest of the population.”How ironic that Dr. Krugman will provide a first hand as a member of this “elite minority” benefiting from income inequality. The City...
  • The ‘Foreclosure Crisis’ Has Ended: But government and media don't want you to know that.

    04/17/2014 7:00:09 AM PDT · by SeekAndFind · 22 replies
    National Review ^ | 04/17/2014 | Tim Cavanaugh
    America’s foreclosure crisis has been over for more than a year, if it ever really existed. But the government/activist/media blob is still trying to convince the public that there is an epidemic of bad borrowers who need public relief. At Harvard Law School, a student group called Project No One Leaves recently concluded its fourth annual conference aimed at creating what one attendee called “a multi-faceted, national housing justice alliance.” Milwaukee mayor Tom Barrett recently gave $200,000 to a community organization called ACTS Housing to fight the foreclosure crisis by buying up bank-owned properties — even as the number...
  • Regulator Without Peer: By at least one measure, Obama surpasses all of his predecessors.

    04/17/2014 6:38:44 AM PDT · by SeekAndFind · 6 replies
    Wall Street Journal ^ | 04/17/2014 | The Editors
    Anyone wondering why the U.S. economy can't seem to grow at its usual pace should examine one product category where production is booming: federal regulation. Washington set a new record in 2013 by issuing final rules consuming 26,417 pages in the Federal Register. While plenty of government employees deserve credit for this milestone, leadership matters. And by this measure President Obama has never been surpassed in the Oval Office. The latest rule-making tally comes from the Competitive Enterprise Institute's Wayne Crews, who on April 29 will publish his annual review of federal regulation in "Ten Thousand Commandments." This is important...
  • Fed Can Print Money, But It Can't Print Jobs

    04/17/2014 6:32:50 AM PDT · by SeekAndFind · 13 replies
    IBD ^ | 04/17/2014 | Alan Reynolds
    We have all been watching a long mystery with no ending: What the Federal Reserve governors are trying to do, how they intend to do it and why they imagine their efforts will work. The key questions boil down to two: (1) What target should the Fed aim at, and (2) what policy instruments should it use to hit that target? The Fed's only explicit target — an unemployment rate of 6.5% — was shrewdly discarded as "outdated" as that target grew near. Actually, the idea of focusing on unemployment is outdated, since it presumes that high unemployment guarantees low...
  • Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs

    04/17/2014 6:29:53 AM PDT · by SoFloFreeper · 33 replies
    We previously noted that both beef and pork (courtesy of the affectionately named Porcine Epidemic Diarrhea virus) prices have been reaching new all time highs on an almost daily basis. It is time to update the chart. Below we show what a world in which the Fed is constantly lamenting the lack of inflation looks like for beef prices...
  • Jobless claims inch up, but remain near 7-year low

    04/17/2014 6:29:40 AM PDT · by SeekAndFind · 25 replies
    MSNBC ^ | 04/17/2014 | Steve Benen
    Initial unemployment claims improved unexpectedly last week to a level unseen in seven years, and though the new figures from the Labor Department aren’t quite as good, they’re close. The number of people who applied for unemployment-insurance benefits ticked up by 2,000 to 304,000 in the week that ended April 12, a slight increase from the lowest level since 2007, signaling that employers are maintaining a slow pace of layoffs, according to government data released Thursday. Economists polled by MarketWatch had expected claims to total a seasonally adjusted 315,000 in the latest weekly data. The average of new claims over...
  • Seven Reasons to Ignore Liberal Media Fearmongering, Keep Feds' Hands Off Preparing Your Tax Return

    04/17/2014 6:16:32 AM PDT · by celmak · 8 replies
    News Busters ^ | 04/16/2014 | Ryan Ellis
    There has been the usual tax day-related glut of articles from liberal publications urging a federal takeover of the tax preparation business. As always, the ultra-left wing blog Pro Publica took the lead, followed predictably by outlets such as Slate, Vox, and Tax Analysts, as well as respectable news outlets like Bloomberg View and Yahoo!. The basic argument is always the same: the IRS has all this information on you anyway, so wouldn't it just be easier and better if they simply prepared your taxes for you? Wouldn't that be better than having to pay some rent-seeking middleman? This flawed...
  • The Recovery is Dead

    04/17/2014 5:45:26 AM PDT · by Kaslin · 45 replies
    Townhall.com ^ | April 17, 2014 | John Ransom
    There’s a damning number regarding our economy that Obama doesn’t want to talk about. It’s a number, but for him, would be lower. And, lower, in this case would be a good thing for the economy. “Although estimates vary,” says Joel Kurtzman, a senior fellow at the Milliken Institute, “American companies have between $4 and $5 trillion in liquid assets, a sum greater than the size of the German economy.” How is it that companies can now have more cash than anytime in history, while unemployment remains so high, inflation in many goods so low, and national income grows so...
  • Casualty of Coal: One of Two Major Coal-Fired Electric Plants to Close

    04/17/2014 5:41:07 AM PDT · by Phillyred · 23 replies
    SHAMOKIN DAN — The plant in Shamokin Dam once produced enough electricity to power a city three times the size of Scranton. It is 65 years old, but few here thought the facility known as the Sunbury Steam Plant would be forced into retirement. “It’s sad to see it close down,” said Robert Hoffman of Sunbury. “The plant`s been there since I can remember. As a matter of fact when i was in high school we toured that plant.” “Since they put stack reclaimers on it, its been a fairly clean plant,” added Ed Quiggle of Shamokin Dam Sunbury Generation...
  • Sriracha sauce maker considers relocation

    04/17/2014 5:38:26 AM PDT · by texas booster · 32 replies
    The Los Angeles Times ^ | April 16, 2014 | Frank Shyong
    After a months-long battle with the city of Irwindale over complaints about a spicy odor, Sriracha sauce creator David Tran said Wednesday that he is now seriously considering moving his factory to another location. Tran responded Wednesday to the politicians and business leaders from 10 states and multiple cities in California who have offered to host the Sriracha factory. He invited them to tour the facility in Irwindale and decide if their communities would complain about the odors that arise during production. Tran stressed that he has not decided whether to move, but would like to explore his options. The...
  • Bass Pro Shops Opening Store In Spartanburg Co. (SC)

    04/17/2014 4:48:19 AM PDT · by ilovesarah2012 · 16 replies
    wspa.com ^ | April 16, 2014 | Staff
    SPARTANBURG COUNTY, S.C. - Outdoor retail giant Bass Pro Shops is setting up shop in Spartanburg County. The announcement was made Wednesday at a news conference. The company will be building the 120,000 square foot store near the BMW facility at the intersection of Highway 101 and Interstate 85. It is planned to be the anchor for developments including other retail stores, hotels and restaurants. The store, the company's third in South Carolina, is set to open in 2016. “This store will be a tribute to the great sporting tradition and heritage of the region and a celebration of the...
  • The IRS Scandal Blows Wide Open

    04/17/2014 4:09:18 AM PDT · by servo1969 · 31 replies
    A bombshell revelation has brought the IRS scandal to a new level. Judicial Watch has released internal IRS communications revealing that former Tax Exempt Organizations director Lois Lerner was in contact with the Department of Justice (DOJ) regarding whether it was possible to criminally prosecute tax-exempt groups she believed had “lied” about their political activity. Judicial Watch obtained the documents by successfully filing a Freedom of Information Act (FOIA) lawsuit against the IRS in October 2013, following the agency’s stonewall of four FOIA requests dating back to the previous May. Contained in those documents is an email exchange between Lerner...
  • Russia and China forge closer ties, as EU explores sanctions

    04/17/2014 1:07:17 AM PDT · by Olog-hai · 5 replies
    EU Observer ^ | 17.04.14 @ 09:29 | Andrew Rettman
    Russia is rolling out two major projects—a gas pipeline and a Crimea deep water port—with China, as EU countries and the US weigh options on economic sanctions. Russia’s ambassador to the EU, Vladimir Chizhov, told EUobserver on Wednesday (16 April) that work on the “Power of Siberia” pipeline and the Chinese construction of a 25-meter-deep port in Crimea are proceeding as normal despite the Ukraine crisis. Describing the pipeline as a “mega-project”, he said it will pump 60 billion cubic meters (bcm) of gas a year from the Kovykta and Tchayandinskoe gas fields to Russia’s far east, with a branch...
  • Economic War with Russia: A High Price for German Business

    04/16/2014 9:27:03 PM PDT · by PieterCasparzen · 8 replies
    Spiegel ^ | 3/17/2014 | Spiegel Staff
    ... Both the Americans and the Europeans have ruled out the possibility of a military response and instead want to strike Putin where he is most vulnerable: Russia's economic dependency on the West. They want to show the Russian president that the economic damage caused by sanctions will outweigh any regional political advantage won through his actions. The main role here also continues to lie with Germany. The reason is simple: The country has very close business relations with Russia and has the greatest capacity to exert pressure. ... The consequences would be serious -- for both sides. Last year,...
  • Kensington chocolate factory shut down by City (of Philadelphia; tax dispute)

    04/16/2014 8:34:11 PM PDT · by Olog-hai · 17 replies
    WPVI, ABC 6, Philadelphia ^ | April 16, 2014 09:08 PM
    A popular place to buy Easter candy was shut down by the city of Philadelphia on Wednesday. The shelves of Blasius Chocolate Factory on the 1800 block of East Venango Street in Kensington are stocked. However on Wednesday, no one was able to buy anything after the City of Philadelphia moved in with police to shut down the well-known business. “These last four days make or break me. I don’t think I will be able to survive this year,” said Philip Kerwick, owner. Kerwick admits he’s racked up a $12,000 delinquent tax bill. […] Kerwick says he’s tried to negotiate...
  • Defend ‘Obamacare’ unabashedly, some Democrats say

    04/16/2014 8:10:33 PM PDT · by Olog-hai · 24 replies
    Associated Press ^ | Apr 16, 2014 9:02 PM EDT | Charles Babington and Ricardo Alonso-Zaldivar
    The outlook for the president’s health care overhaul suddenly appears brighter, and some Democrats are saying it’s time for the party to openly embrace the law that Republicans consider their best campaign weapon. Activists in one Senate race are doing just that. Other Democratic candidates, however, remain wary, unsure that a modest dose of good news will be enough to offset countless TV ads denouncing “Obamacare.” Those worries are well founded, say Republicans who shrug off the developments Democrats tout. […] Republicans already were pushing their luck by vowing to “repeal and replace” the health care law without having a...
  • Electricity Price Surged to All-Time Record for March

    04/16/2014 7:00:11 PM PDT · by george76 · 21 replies
    CNSNews ^ | April 16, 2014 | Terence P. Jeffrey
    The average price for a kilowatthour (KWH) of electricity hit a March record of 13.5 cents, according data released yesterday by the Bureau of Labor Statistics. That was up about 5.5 percent from 12.8 cents per KWH in March 2013. ... The BLS’s seasonally adjusted electricity price index rose to 209.341 this March, the highest it has ever been, up 10.537 points—or 5.3 percent--from 198.804 in March 2013. ... per capita electricity production peaked in the United States in 2007.
  • Online newspaper Alaska Dispatch buys Anchorage Daily News for $34 million

    04/16/2014 6:47:00 PM PDT · by george76 · 4 replies
    ap ^ | April 8, 2014 | MARK THIESSEN
    Alaska Dispatch Publishing LLC, the parent company of the online newspaper the Alaska Dispatch, will purchase the Anchorage Daily News from The McClatchy Co. for $34 million. The sale is expected to close in May. ... Billionaire Warren Buffett's company, Berkshire Hathaway, owns 31 small- and medium-sized daily newspapers. It has bought most of those newspapers since 2011 at bargain prices. Including weekly papers and other publications, Berkshire owns 70 newspapers.
  • Drones: toys or terrors?

    04/16/2014 5:46:13 PM PDT · by 2ndDivisionVet · 11 replies
    The Connecticut Post ^ | April 13, 2014 | Robert Miller and Michael P. Mayko
    At The Hobby Center in Danbury, Karl LaLonde, the store's owner, holds the Proto X in the palm of his hand. It's the size of a fairly healthy tarantula. LaLonde has decorated it with an orange piece of plastic shaped like a bird's beak. Switched on, its four tiny propellers spin. Under LaLonde's control via a joystick, it lifts off the counter and scoots around the store's airspace. The Proto X costs $50. "You can get a camera to fit it," LaLonde said. It's the smallest of the many UAVs -- unmanned aerial vehicles -- LaLonde sells. Business is good....
  • Blame the Fed for high food prices

    04/16/2014 3:25:28 PM PDT · by ilovesarah2012 · 13 replies
    atimes.com ^ | April 2, 2014 | Noureddine Krichene
    The Wall Street Journal and the Financial Times (FT) have recently reported frightening food-price inflation. Prices for staples like coffee, oats, milk, meat, vegetables and fruits have increased so far in 2014 by rates as high as 70%. The FT noted that a breakfast now costs at least 25% more than it did in 2013. As expected, media attributed the food-price inflation to droughts and to fast-growing demand in Southeast Asia. For fish, for which prices tripled in recent years, the drought factor does not apply, leaving us with high demand. This explanation fits best with what the US Federal...
  • Why Ukraine Crisis Has China in a Bind

    04/16/2014 1:56:00 PM PDT · by nickcarraway · 18 replies
    CNN ^ | April 15th, 2014 | Christopher S. Chivvis and Bonny Lin
    Editor's note: Christopher S. Chivvis is a senior political scientist at the nonprofit, nonpartisan RAND Corporation and expert in European and Eurasian security issues. You can follow him @cchivvis. Bonny Lin is an associate political scientist at RAND and an expert on Asia-Pacific security issues. The views expressed are their own. At Sunday night's emergency U.N. Security Council meeting, Western countries denounced Russian efforts to destabilize eastern Ukraine. Depending on your reading of its statement, China either refused to do the same, or refused to back Russia. Either way, the meeting was just the latest example of how the Ukraine...
  • IMF offers Ukraine bailout as Yulia Tymoshenko enters presidential race

    04/16/2014 1:28:04 PM PDT · by PieterCasparzen · 2 replies
    theguardian ^ | 3/27/2014 | Alec Luhn
    Ukraine's controversial opposition leader, Yulia Tymoshenko, has formally joined the race to become the country's president, on the same day as the huge task facing the new leadership was underscored by a tough IMF aid package that will foist deep austerity on the country. ... Whoever wins the vote on 25 May will face a tough task. The International Monetary Fund on Thursday offered Ukraine a bailout of up to $18bn (Ł10.9bn) over two years, in return for harsh economic reforms that may well worsen living standards for the already impoverished population. Further IMF aid will be unlocked if austerity...
  • Chinese Growth Slowest for 24 Years

    04/16/2014 1:25:01 PM PDT · by nickcarraway · 4 replies
    Guardian ^ | Tuesday 15 April 2014
    China's GDP grew 7.4% in the first quarter amid growing evidence that the powerhouse economy is easing offThe new railway station being built in Shenyang, Liaoning province. Investment in fixed assets dipped in the first quarter. China's annual economic growth slowed to its lowest for nearly a quarter of a century between January and March to 7.4% from 7.7% in the previous three months.
  • Obama, Biden to announce millions for job training

    04/16/2014 1:21:18 PM PDT · by Jim Robinson · 44 replies
    CNN ^ | April 16, 2014 | CNN White House Producer Kevin Liptak
    (CNN) – Hoping to help close the gap between workers' skills and the needs of businesses, President Barack Obama on Wednesday will announce he's putting hundreds of millions toward job training programs that produce highly skilled workers. Obama and Vice President Joe Biden will head to a community college in Allegheny County, Pennsylvania to make the announcement. The funding will come in two parts: $500 million toward a new job training competition that pairs community colleges with businesses, and $100 million for new apprenticeship programs to train workers. The White House says the new initiatives are meant to combat a...
  • Maryland Grocery Store Forced to Cut Hours Due to Obamacare

    04/16/2014 1:00:38 PM PDT · by Olog-hai · 12 replies
    Washington Free Beacon ^ | April 14, 2014 9:46 am | (Free Beacon Staff)
    A well-loved Maryland supermarket is being forced to limit the amount of full time workers they hire because of the harsh mandates imposed by Obamacare. Snider’s Superfoods, family owned and operated since 1946, says that they will not be hiring any new baggers or cashiers in order to avoid the 50 worker threshold, which under the new Obamacare stipulations, would require that they provide health insurance if they employ 50 or more full time workers. …
  • Google Knew About Heartbleed and Didn’t Tell the Government

    04/16/2014 12:55:45 PM PDT · by george76 · 11 replies
    National Journal ^ | April 14, 2014 | Brendan Sasso
    Federal systems remained vulnerable to hackers even after researchers identified the bug. Google knew about a critical flaw in Internet security, but it didn't alert anyone in the government. Neel Mehta, a Google engineer, first discovered "Heartbleed"—a bug that undermines the widely used encryption technology OpenSSL—some time in March. A team at the Finnish security firm Codenomicon discovered the flaw around the same time. Google was able to patch most of its services—such as email, search, and YouTube—before the companies publicized the bug on April 7. The researchers also notified a handful of other companies about the bug before going...
  • Security holes in power grid have federal officials scrambling

    04/16/2014 12:42:41 PM PDT · by george76 · 31 replies
    LA Times ^ | April 7, 2014 | Evan Halper
    In Congress, the vulnerability of the power grid has emerged as among the most pressing domestic security concerns. ... Crain, the owner of a small tech firm in Raleigh, N.C., along with a research partner, found penetrating transmission systems used by dozens of utilities to be startlingly easy. After they shared their discovery with beleaguered utility security officials, the Homeland Security Department began sending alerts to power grid operators, advising them to upgrade their software. The alerts haven't stopped because Crain keeps finding new security holes he can exploit. "There are a lot of people going through various stages of...
  • Is the Start-up Site, Kickstarter kicking out pro-life projects?

    04/16/2014 12:39:15 PM PDT · by SeekAndFind · 1 replies
    Hotair ^ | 04/16/2014 | Ed Morrissey
    For the second time, producers of a planned pro-life film effort have had to switch from Kickstarter to IndieGoGo for their crowdfunding efforts. Filmmakers Phelim McAleer and Ann McIlhenny took their Gosnell Movie project to IndieGoGo after Kickstarter insisted that they could shut down the effort at any time if they didn’t like the language used to promote it, and another pro-life project called Stolen Moments has gotten a rejection letter from Kickstarter as well. The rejection, nearly two weeks ago, was on the basis of the campaign being, er … “self help” (via Katie Pavlich): For the life of...
  • New York no longer worst state to do business

    04/16/2014 11:44:32 AM PDT · by george76 · 16 replies
    Crain Communications ^ | April 15, 2014 | Jeremy Smerd
    That honor now goes to New Jersey. Tax reforms passed in the latest budget represent big improvements for corporations, but not so much for individuals. ... Still, New York remains a burdensome place to earn a living. The reforms did not change the state's poor rankings for having high sales taxes (No. 38), individual income taxes (No. 49) and unemployment taxes (No. 45). Meanwhile, the governor announced Tuesday that the state tax department collected nearly $4 billion in evaded taxes in the past year, a 5% or $200 million increase compared to the year earlier.The state collects about $87 billion...
  • (Vanity) The core corruption in the Bundy Ranch Story..Who gets the land offset and why?

    04/16/2014 10:09:24 AM PDT · by tophat9000 · 8 replies
    4-16-14 | Tophat9000
    Sorry for the vanity post but I had a question and thought regarding the Bundy Ranch issues and really the core of the corruption... It boils down to the concept of land offset as part of ..The Rules you and I must follow and who gets exception to the rules because their powerful or friends of the powerful. . We have all seen this..take Obamacare. .push through a draconian law then give exceptions and waver to your friends and strict, to the letter, enforcement to your enemys..same with emigration. .selective enforcement to the letter vs selective non enforcement and out...