Business/Economy (News/Activism)

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  • Saudi Oil Minister Says Russia Doesn't 'Deserve Market Share'

    12/22/2014 7:58:21 PM PST · by TigerLikesRooster · 24 replies
    BI ^ | Dec. 22, 2014 | Jim Edwards
    Saudi Oil Minister Says Russia Doesn't 'Deserve Market Share' Jim Edwards Dec. 22, 2014, 12:10 PM Saudi Oil Minister Ali Naimi really got the world's attention in an interview he gave to the energy journal Middle East Economic Survey (MEES). We told you earlier that Naimi said the Saudis don't care how low the price of oil goes: "Whether it goes down to $20, $40, $50, $60, it is irrelevant." What's interesting though is Naimi's rationale for not caring. Basically, he told MEES, the Saudis can afford not to care about the low price of oil. /snip Everyone is asking...
  • Athlete-activists can’t be scared silent after the murder of two NYPD officers

    12/22/2014 6:09:47 PM PST · by 2ndDivisionVet · 21 replies
    Over the last month, we have seen a veritable “Sports World Spring” as athletes have spoken out on politics in a manner unseen since the 1960s. They have been inspired by the #BlackLivesMatter demonstrations directed against the killing of unarmed Black men and women by police as well as the inability of the criminal justice system to deliver justice. The most remarkable part of these protests was not just their breadth nor the stature of the athletes involved, but that commissioners and coaches seemed to be allowing it and in some cases, even nodding in approval. Clearly suspending LeBron James...
  • Letter: Reparations would change the status quo of racism

    12/22/2014 5:43:46 PM PST · by 2ndDivisionVet · 109 replies
    The St. Louis Post-Dispatch ^ | December 13, 2014 | John Pachak
    In 2014, there are people in America who hate their brown-, black-, red- and olive-skinned neighbors. This bigotry becomes racism and permeates the status quo if it is institutionalized. Racism is found in public schools and the criminal justice system, for example. It creates two separate and unequal societies — one white that works and one black that suffers. People talk about changes the events in Ferguson may bring. The governor appoints a commission to study the issues. Articles appear every day from journalists, educators and politicians decrying the inequality and calling for one school system, a public review board...
  • The Dictatorship of Obama’s Bureaucrats

    12/22/2014 5:07:24 PM PST · by Kaslin · 14 replies
    Townhall.com ^ | December 22, 2014 | Michael Schaus
    Early in the morning, two hundred thirty eight years ago, George Washington and the Continental Army reached the outskirts of Trenton, New Jersey. Much like today, no-one really wanted to go to New Jersey, but they were forced by circumstances to make the arduous trek. Washington’s force of 2,400 men surprised, and ultimately defeated, the 1,400 Hessian mercenaries who were fighting on behalf of the British Crown. A much needed win was tallied under the Patriot’s side of the scoreboard, emboldening the Continental Army and our quest for freedom. Washington had lead his men through the icy waters of the...
  • Bill Whittle: We’re Number Two

    12/22/2014 4:38:37 PM PST · by Mozilla · 8 replies
    Front Page Magazine ^ | December 21, 2014 | Bill Whittle
    TRANSCRIPT: Hi everybody. I’m Bill Whittle and this is the Firewall. A few days ago, we rather quietly passed a milestone – a big one. For the first time since the 1870’s – that would be during the administration of President Ulysses S Grant – The United States is no longer the worlds largest economy. “Hold on to your hats, America,” reports Brett Arends of MarketWatch in his online article, “And throw away that big fat Styrofoam finger while you’re at it.” Now I don’t know anything about Brett Arends politics, but throwing away that big fat Styrofoam finger –...
  • How Japan Bankrupted Itself: The story of Japan’s decline — and the lessons for Europe.

    12/22/2014 4:18:21 PM PST · by SeekAndFind · 30 replies
    The Globalist ^ | 12/22/2014 | By Daniel Stelter
    Following the start of Abenomics in 2012, Japan moved back to the center of attention of global financial markets. After two and a half decades of economic stagnation, hopes were high that Japan would escape its long stagnation and deflation. Plenty of economists around the globe hoped that, in so doing, Japan would show the western world, mainly the Eurozone, the way to do the same and avoid a similar long period of low growth and stagnating incomes. Conversely, the failure of AbeÂ’s plan for JapanÂ’s recovery would not only be a disaster for the country of the rising sun....
  • The Creepiest Public Era Ever

    12/22/2014 3:56:07 PM PST · by Kaslin · 3 replies
    Townhall.com ^ | December 22, 2014 | Shawn Mitchell
    Please enjoy these observations and rants from my Facebook. I believe they ruffled mostly the right feathers. A. President gets humiliated and repudiated by voters rejecting his agenda at the polls. B. He pretends it didn’t happen. C. He starts making up all kinds of stuff he doesn’t have the authority to do, like: i. a re-write of immigration law; ii an assault on fossil fuel; iii deals with China, Cuba, et al. D. Congressional Republicans are terrified to boldly confront him; they even pass the budget he wants them to. E. The media starts slavishly and predictably praising the...
  • He beat that Obamacare deadline. Did you?

    12/22/2014 3:05:49 PM PST · by Oldeconomybuyer · 47 replies
    CNBC ^ | December 22, 2014 | by Dan Mangan
    New York City resident Nicolas Karlson was happy to be one of at least 2.5 million people who beat a major Obamacare enrollment deadline last week, but he's going to be paying a lot more for health insurance next year because of it. To cover himself, his wife, Monica, and their three children, 45-year-old Karlson will go from paying $1,805 every three months for their long-standing Aetna plan, to a new one from New York State's Obamacare exchange that will cost them $1,221.60 per month, or more than 100 percent more than his old plan cost. That steep bump in...
  • Court upholds ruling for California delta salmon

    12/22/2014 2:37:13 PM PST · by Olog-hai · 30 replies
    Associated Press ^ | Dec 22, 2014 4:14 PM EST
    A federal appeals court on Monday upheld a 2009 federal decision that called for reducing the amount of water pumped from the Sacramento-San Joaquin Delta in order to protect salmon and other species. The 2009 environmental review by the National Marine Fisheries Service found that continuing to pump water from the delta at such a high rate would threaten several endangered salmon species and killer whales. Some of the state’s biggest water agencies, including Southern California’s Metropolitan Water District, had challenged the 2009 federal decision. …
  • Crocodile Tears for the IRS

    12/22/2014 2:36:52 PM PST · by Kaslin · 22 replies
    Townhall.com ^ | December 22, 2014 | Daniel J. Mitchell
    I can’t help but wonder whether the song made famous by The Grinch Who Stole Christmas should be the theme song for the Internal Revenue Service. After all, that bureaucracy is “as cuddly as a cactus” and “as charming as an eel.” And it appears that having “the tender sweetness of a seasick crocodile” is not a good strategy for big budget increases.Indeed, it appears that working as an adjunct of the Obama reelection campaign has backfired on the IRS. One of the good results of the “cromnibus” negotiations is that GOPers actually took revenge on the IRS for political...
  • Abortion Clinic Must Shut Down While State Investigates Botched 23-Week Abortion

    12/22/2014 1:48:47 PM PST · by Morgana · 7 replies
    life news ^ | 12/22/14 | Monica Miller
    The Michigan Department of Licensing and Regulatory Affairs (LARA) ordered the Women’s Center of Southfield, 28505 Southfield Rd., Lathrup Village, MI, owned by abortionist Jacob Kalo, to cease operations beginning Nov. 21, 2014 pending the outcome of an investigative hearing of the Attorney General’s Office scheduled for March 4, 2015. The clinic shut down was prompted by the official allegation of a botched 23 week-2nd trimester abortion that occurred in February 27-28, 2014. The woman suffered uterine perforation and hemorrhaging resulting in emergency hospital care—with serious physical and emotional consequences. The late-term abortion was a two-day procedure performed by Dr....
  • Oil Companies Seen Cutting Spending 25 Percent in 2015 Due to Falling Crude

    12/22/2014 1:35:43 PM PST · by thackney · 17 replies
    Rig Zone ^ | December 22, 2014 | Reuters
    Plunging oil prices will prompt energy companies to cut investments in new projects by 25 percent or more in 2015, analysts said over the past week, as firms try to stay cash-flow positive and keep debt in check. With oil prices down more than 40 percent since June, some companies, including ConocoPhillips, have slashed spending by 20 percent. But because crude prices have yet to stabilize, other companies are waiting to draw up budgets. "Many are buying time on 2015 capex and production guidance while hoping for a stable baseline to plan from," Capitol One Securities said in a note...
  • Failure Against North Korea: Bill Whittle's Fiery Take on Sony’s Hack

    12/22/2014 12:12:46 PM PST · by servo1969 · 3 replies
    YouTube.com ^ | 12-22-2014 | Bill Whittle/PJ Media
    Watch a rare peak into PJTV’s Member series, Hot Seat w/ Bill Whittle. Is freedom of speech a thing of the past, now that N. Korea shut down Sony’s movie?
  • Existing Home Sales Drop 6.1% to 4.93M rate in November

    12/22/2014 12:12:04 PM PST · by Lorianne · 7 replies
    CNBC ^ | 22 December 2014
    U.S. home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery. The National Association of Realtors said on Monday existing home sales dropped 6.1 percent to an annual rate of 4.93 million units, the lowest level since May.
  • Russia to bail out Trust Bank with up to $530 million

    12/22/2014 11:32:55 AM PST · by Lorianne · 9 replies
    Reuters ^ | 22 December 2014
    Russian mid-sized lender Trust Bank is to receive up to 30 billion rubles ($530 million) from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis. The central bank also said its Deposit Insurance Agency, responsible for managing crisis-hit lenders, would take over interim supervision of Trust Bank as of Monday. The measures "will make it possible for Trust to continue smooth payments operations. All the bank's clients, including depositors, can use its services as usual", the central bank said in a statement. Trust, which hired actor Bruce Willis as...
  • Fox News, Fox Business Channels Go Dark On Dish As Carriage Talks Stall

    12/22/2014 11:24:22 AM PST · by Utilizer · 34 replies
    DEADLINE | HOLLYWOOD ^ | December 20, 2014 10:03pm | Lisa de Moraes
    21st Century Fox and Dish pointed the finger at each other tonight as carriage talks between the two failed to produce a deal by midnight, resulting in Fox News Channel and Fox Business Channel no longer being available on Dish. Both sides blamed the other for the shutdowns. “It is disappointing that, after nearly two decades without a blackout, Fox News Channel has been blocked by Dish Network,” Tim Carry, EVP Distribution at Fox News Channel said late tonight. “We care deeply about our viewers and hope that they will regain access to the number one cable news channel soon....
  • Greece’s radical left could kill off austerity in the EU

    12/22/2014 10:08:31 AM PST · by Lorianne · 12 replies
    Guardian UK ^ | 22 December 2014 | Owen Jones
    nother war looms in Europe: waged not with guns and tanks, but with financial markets and EU diktats. Austerity-ravaged Greece may well be on the verge of a general election that could bring to power a government unequivocally opposed to austerity. Momentous stuff: that has not happened in the six years of cuts and falling living standards that followed the collapse of Lehman Brothers. But if the radical leftist party Syriza does indeed triumph in a possible snap poll in the new year, there will undoubtedly be a concerted attempt to choke the experiment at birth. That matters not just...
  • Crystal Ball 2015

    12/22/2014 8:50:17 AM PST · by SeekAndFind · 26 replies
    Townhall ^ | 12/22/2014 | Steve Deace
    Each year at this time I go out on a limb and predict 10 big news stories I believe will happen in the year to come. Usually I get two or three right, come close on a couple of others, and am way off on all the rest. Click here to read last yearÂ’s predictions for 2014 and see how I did. Now on to 2015. 10. Avengers: Age of Ultron will be the top-grossing movie of the year. I think Star Wars: The Force Awakens will have the biggest opening cinema history when it hits theaters. But since that...
  • Feeding the STEM Myth

    12/22/2014 8:25:08 AM PST · by Academiadotorg · 63 replies
    Accuracy in Academia ^ | December 18, 2014 | Spencer Irvine
    As we have reported, contrary to current wisdom, studies consistently show that there are more science, technology, engineering and math (STEM) majors than there are STEM jobs. Nevertheless, those with a vested interest in perpetuating the legend not only still claim that there is a STEM major shortage but declare that women are uniquely qualified to fill it. Recently, here in Washington, D.C., at George Washington University, Linda Rosen, CEO of Change the Equation (an organization geared toward more STEM education at the pre-K12 level and above), said, “Employers…are having difficulty finding the STEM talent they need.” For example, she...
  • Bricks and Mortar.edu

    12/22/2014 8:11:37 AM PST · by Academiadotorg · 18 replies
    Accuracy in Academia ^ | December 19, 2014 | Malcolm A. Kline
    Students may be increasingly opting to get their degrees online but universities still dismiss them as a fad. “Udacity does have one partnership with a research university—Georgia Tech,” Udacity’s vice president of business development Clarissa Shen said on December 16, 2014 at the Center for American Progress. “They have grown their program four fold.” For most brick and mortar universities, enrollment drops are the norm. It turns out that, although online courses are not capital intensive in the traditional sense of real estate to support brick and mortar classrooms, they do not come cheap. At the CAP event, Anne Wintroub...
  • I'm ready to give it all I've got - are you? [Email from nobama]

    12/22/2014 7:30:21 AM PST · by upchuck · 13 replies
    email | Dec 22, 2014 | Considering he's in Hawaii, probably one of his minions
    I want to say thank you. You're doing your part, staying engaged. When it's easy to get frustrated or cynical, you refuse that choice. People like you care about making real, lasting change -- and it shows in what you do. I'm asking you to keep doing what you do best with OFA. This has never been about winning at politics. You and I are here to try to do what we can to help make people's lives better -- in big ways and small. And we are. Just this year, millions of Americans signed up for affordable health care...
  • The reason for lower gas prices: Saudi Arabia and fracking

    12/22/2014 7:21:19 AM PST · by shepardspie33 · 18 replies
    Red Dirt Report ^ | December 22, 2014 | Brian Woodward
    ... While the U.S. does not export crude oil, its increased production has curbed imports, resulting in excess supply. Although the fracking boom has helped to increase supply and steal market share from the Middle East, it is the Saudi response to the increased production from North American shale that has sent the price of oil tumbling. In September 2014, in the face of falling oil prices, Saudi Arabia chose to increase oil production by half a percent. Days later on Oct. 1, they discounted oil exports to leading Asian customers. These actions set off a rapid decline in international...
  • Shock in Southern Tier of New York as Hopes of Gambling and Fracking Both Die

    12/22/2014 7:18:54 AM PST · by C19fan · 26 replies
    NY Times ^ | December 18, 2014 | Jesse McKinley
    To get a sense of the deep disappointment felt by many here at the twin killings of two potentially lucrative dreams, hydraulic fracturing and a new luxury casino, one needed to look no further than the front-page headline of Thursday’s edition of The Press & Sun-Bulletin. It was two letters, in red type: “NO!” That cry could seemingly be heard all along New York State’s Southern Tier, which borders Pennsylvania and has long been one of the state’s most stubborn economic laggards. In recent years, both hydraulic fracturing — known as fracking — and casinos had been posited as potential...
  • OPEC Blames Speculators, Non-OPEC Countries, US Frackers for Oil Price Crash

    12/22/2014 6:20:58 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | December 22, 2014 | Mike Shedlock
    OPEC is pointing the finger at speculators as well as Non-OPEC countries, but especially US shale producers for the crude price crash. Let's explore that idea in a series of charts. But first let's take a look at the allegation. The Wall Street Journal reports Gulf Oil Exporters Blame Non-OPEC Producers for Glut. Gulf oil officials on Sunday defended OPECÂ’s decision last month to keep its production ceiling intact, blaming producers outside of the group for the glut of oil on the market that has depressed prices. Speaking at an energy conference in Abu Dhabi, Saudi Oil Minister Ali al-Naimi...
  • China condemns cyberattacks, but says no proof North Korea hacked Sony

    12/22/2014 5:20:39 AM PST · by SoFloFreeper · 4 replies
    Globe and Mail ^ | 12/22/14 | MEGHA RAJAGOPALAN AND STEVE HOLLAND
    China said on Monday it opposed all forms of cyberattacks but there was no proof that North Korea was responsible for the hacking of Sony Pictures, as the United States has said. North Korea has denied it was to blame and has vowed to hit back against any U.S. retaliation, threatening the White House and the Pentagon. The hackers said they were incensed by a Sony comedy about a fictional assassination of North Korean leader Kim Jong-un, which the studio has pulled.
  • The week the dam broke in Russia and ended Putin's dreams

    12/22/2014 4:39:46 AM PST · by elhombrelibre · 33 replies
    The Telegraph ^ | 20 Dec 14 | Ambrose Evans-Pritchard
    Gallows humour is back in Moscow. Asked what he would do to stop the rouble spiralling out of control, the former governor of Russia’s central bank replied: “I would pick up a pistol and shoot myself.” This was the week when the country’s long-festering crisis turned virulent. A last-ditch attempt to defend the exchange rate by raising interest rates to 17pc failed within hours, yet the shock is surely enough to set off a chain of corporate failures and push banks over the edge. Traders in the City watched open-mouthed as the dam broke on Black Tuesday. The event exposed...
  • Scrooge Was A Liberal, Studies Show

    12/22/2014 4:22:36 AM PST · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 12/22/2014 | John Merline
    Just about every year at this time, "A Christmas Carol' shows up somewhere on TV, as do headlines about how one Republican or another is the modern equivalent of the tale's greedy miser, Ebenezer Scrooge. "The GOP's sad Scrooge agenda." "GOP Protecting Ebenezer Scrooge." "Maher Likens Republicans to Ebenezer Scrooge." "Republicans play the role of the stingy Scrooge." You have to wonder if these folks have actually read "A Christmas Carol" or spent any time pondering what Scrooge actually says and does. Because if you do, you come to realize that Scrooge more closely resembles a modern liberal than a...
  • Revolutionary lens restores complete vision to ageing eyes

    12/22/2014 4:06:33 AM PST · by 2ndDivisionVet · 29 replies
    The London Telegraph ^ | December 22, 2014 | Sarah Knapton, Science Editor
    New implant improves vision for older people struggling with cataracts, astigmatism, or long and short-sightedness. For many people getting older brings a catalogue of vision problems which make everyday tasks like reading and driving a major challenge. But a new lens implant which mimics the working of a youthful eye is giving sight back to people struggling with cataracts, astigmatism, or long and short-sightedness. It is the first lens that corrects for all types of vision problems at once and can be inserted in just a simple operation. It works at any distance and in any light condition, acting more...
  • Using the Law to Stop the IRS

    12/22/2014 3:54:04 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | December 22, 2013 | John Ransom
    I was intrigued by an article posted by Dan Mitchell from Cato here over the weekend that in part said that how Republicans treat reform at the Joint Committee on Taxation (and the CBO) as a kind of an IQ test. As Mitchell notes “when JCT does revenue estimates, the bureaucrats grease the skids for anti-growth tax policy by overstating revenue losses from lower tax rates and overstating revenue gains from higher tax rates.”And indeed they do. In fact, both the CBO and the JTC act as giant Ways and Means committees for higher taxes and bigger government. But that’s...
  • Gangbangers Unbound (Explains a lot)

    12/22/2014 3:01:42 AM PST · by 2ndDivisionVet · 17 replies
    American Thinker ^ | December 22, 2014 | J.R. Dunn
    Rafael Ramos and Wenjin Liu died because of the campaign to vilify police. Even as the events of Ferguson begin to fade, the campaign it helped engender rolls on, with new reports of demonstrations and protests appearing almost daily. Last week Carol Jackson, a federal judge, restricted police tactics against protestors. (This is kind of odd in and of itself. The last thing people want to hear about during the holidays is some hood getting his comeuppance. The same can be said about Sen. Feinstein’s “torture report” -- waterboarding is not likely to play well during the sleigh bell season....
  • Don’t Blame Sony – Blame Obama and the Tort System

    12/22/2014 2:28:53 AM PST · by servo1969 · 6 replies
    Townhall.com ^ | 12-22-2014 | Kurt Schlichter
    It's shameful that a company like Sony would go groveling to a deceitful, tyrannical, un-American thug, but this column is not about Sony’s sucking up to Al Sharpton. This column is about a tort system that is dedicated not to justice but to making lawyers richer, and it comes not only at the price of American prosperity but at the cost of our liberty as well. Certainly, Sony has a yellow streak as wide as Seth Rogen’s gut. Its creepy supplication to that race-hustling, MSNBC troll shows its true cowardly character, since Sharpton – unlike North Korea – doesn’t have...
  • Time to Bring Back the Truman Democrats

    12/21/2014 8:15:04 PM PST · by SeekAndFind · 49 replies
    Daily Beast ^ | 12/21/2014 | Joel Kotkin
    Democrats are pushing race and environmental issues when they should be embracing the lunch-bucket themes that once built party dominance. Meanwhile, voters flee. Once giants walked this earth, and some of them were Democrats. In sharp contrast to the thin gruel that passes for leadership today, the old party of the people, with all its flaws, shaped much of the modern world, and usually for the better. Think of Franklin Roosevelt or Harry Truman, John Kennedy, or California’s Pat Brown, politicians who believed in American greatness, economic growth, and upward mobility. For more than 40 years, the Democratic Party has...
  • Protesters stop traffic, hold 'die-in' at food court in West Towne Mall (WI)

    12/21/2014 6:14:35 PM PST · by Diana in Wisconsin · 54 replies
    Das Kapitol Times ^ | December 21, 2014 | Laurel White
    “No justice, no peace, no racist police.” That was one of the chants the crowd of about 50 protesters shouted Saturday outside Madison Memorial High School and in the food court of West Towne Mall. The protesters gathered around 3:30 p.m. and marched from the high school to the mall, shutting down one direction of traffic on Mineral Point Road, and held a “die-in” in the mall food court. “We are here because there are many injustices in our system,” said Brandi Grayson, one of the organizers of the protest, in the mall food court, over a megaphone. Grayson is...
  • Obama's doing a much better job than most people ackowledge: Farmer

    12/21/2014 5:14:10 PM PST · by 2ndDivisionVet · 56 replies
    The Times of Trenton ^ | December 21, 2014 | John Farmer
    Politics is predictably unpredictable. So it’s no surprise that President Obama, after a hellacious 11 months, is finishing his sixth year on an unpredictably strong note. The U.S. economy is sitting up and taking nourishment, recovering nicely. Vladimir Putin, whom Republicans like Rudy Giuliani were fawning over as a “real leader” in contrast to our pusillanimous president, is gasping for air as the Russian economy sinks under the weight of Obama-led sanctions and a U.S. energy surge. Having stuck a thumb in the eye of the GOP with his immigration initiative, Obama used another digit on the Grand Old Partisans...
  • Gun Talk Radio, Sunday, December 21st, 2014.

    12/21/2014 5:05:07 PM PST · by carriage_hill · 89 replies
    Gun Talk® Radio Network ^ | Sunday, December 21st, 2014 | Tom Gresham
    ★★★ Come on in and shoot the breeze! ★★★ Welcome to Tom Gresham's Gun Talk® Radio Network, the only nationally syndicated radio talk show about firearms, shooting and gun rights. Tune in on Sundays, 08:00-11:00pm EST, and give us a call at 1-866-825-5486. In its 20th year of national syndication, Tom Gresham's Gun Talk® radio show airs live on Sundays from 2PM-5PM Eastern, and runs on more than 186 stations every week. Listen live on a radio station near you, or via live Saturday afternoon streaming from one of the stations. All Gun Talk® shows, and the "After Show" can...
  • NASA Just Emailed A Wrench To The International Space Station

    12/21/2014 1:25:28 PM PST · by shove_it · 52 replies
    iflScience ^ | 19 Dec 2014 | Janet Fang
    For the first time ever, hardware designed on the ground has been emailed to space to meet the needs of an astronaut. From a computer in California, Mike Chen of Made In Space and colleagues just 3D-printed a ratcheting socket wrench on the International Space Station. “We had overheard ISS Commander Barry Wilmore (who goes by “Butch”) mention over the radio that he needed one,” Chen writes in Medium this week. So they designed one and sent it up. “The socket wrench we just manufactured is the first object we designed on the ground and sent digitally to space,...
  • Obama: Putin No 'Chess Master,' Not 'Someone Who Rolled Me'

    12/21/2014 11:06:24 AM PST · by bkopto · 43 replies
    Newsmax ^ | 12/21/2014 | Staff
    "And right now, he's presiding over the collapse of his currency, a major financial crisis and a huge economic contraction," Obama said in the interview, which was recorded on Friday. "That doesn't sound like somebody who has rolled me or the United States of America. "
  • 2014 Recap --Looking Back; Investment & Finance Thread - Dec. 14

    12/21/2014 8:49:52 AM PST · by expat_panama · 17 replies
    Weekly investment & finance thread ^ | Dec. 21, 2014 | Freeper Investors
    2014 Recap --Looking Back; Investment & Finance Thread - Dec. 14 [click for link to list] Merry Christmas!   We get to open some goodies a few days early here, first with the list of this past year's thread links (left) for a nostalgic walk down Memory Lane while we go over this past market strategies.  Then we can number-plot check out how general markets fared.   Stocks:  Looking over the past year (as of Dec. 19) we're seeing the S&P 500 up 12.0% and the NASDAQ up 14.1% --above average!  OK we've done better but I personally can live w/...
  • ‘Tis the Season…to be Thankful for an “Unproductive” Congress

    12/21/2014 7:29:07 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | December 21, 2014 | Daniel J. Mitchell
    Two years ago, I jumped on USA Today for stating that the 112th Congress was the “least productive” since the end of World War II. My argument was very straightforward. It’s better to have no legislation than bad legislation. Here’s some of what I wrote about USA Today’s hypothesis. …it does blindly assume that it is productive to impose more laws. Was it productive to enact Obamacare? What about the faux stimulus? Or the Dodd-Frank bailout bill? Wouldn’t the headline be more accurate if it read, “This Congress could be least destructive since 1947?? …To be sure, not all legislation...
  • D.C. has passed sea level rise 'tipping point,' more cities to follow: study (Got Sandbags?)

    12/21/2014 5:25:36 AM PST · by raybbr · 61 replies
    SAN FRANCISCO — Major U.S. coastal cities, including Washington, D.C. and Wilmington, North Carolina, have already slipped past a sea level rise-related “tipping point,” and into a new era of increasingly common and damaging coastal flooding events, a new study found. Other cities along the East and Gulf Coasts are following close behind, with the majority of coastal areas in the U.S. expected to see 30 or more days of “nuisance-level flooding” each year by 2050, regardless of how significantly countries cut emissions of the greenhouse gases that are causing global warming, according to the study. The study defines this...
  • Obamacare’s Christmas surprise

    12/20/2014 8:00:41 PM PST · by Tolerance Sucks Rocks · 22 replies
    The Washington Times ^ | December 19, 2014 | Rep. Mark Meadows
    If you like your health care plan, the Centers for Medicare and Medicaid Services (CMS) has a Christmas surprise for you! When will this new present arrive? December 25th. In an ongoing effort to keep Obamacare numbers elevated, CMS has embarked on the next step of its government takeover of healthcare. It seems CMS is taking a page from Jonathan Gruber’s book; rather than allowing the “stupid” masses to make a decision on their own health plan, CMS has proposed a new rule that includes an overly reaching provision allowing CMS to re-enroll anyone who has not made the annual...
  • Coming Egg Shortage Will Tax Family Budgets

    12/20/2014 6:50:39 PM PST · by Tolerance Sucks Rocks · 108 replies
    The New American ^ | December 19, 2014 | William F. Jasper
    If eggs are a staple in your family’s diet and you’d like to keep it that way, now would be a good time to get a few laying hens. Next month, beginning January 1, 2015, the chicken-and-egg production in the United States is in for a big shock. That’s when California’s new regulations on egg-laying hens goes into effect. And the effects of those regs on eggs will be felt nationally, even globally. The incredible, edible, prolate spheroid-shaped poultry product, which has long been one of the most affordable sources of high-quality protein, is certain to become significantly more expensive.In...
  • The Odd Math of Medical Tests: One Scan, Two Prices, Both High

    12/20/2014 5:23:54 PM PST · by Lorianne · 12 replies
    New York Times ^ | 15 December 2015 | Elixabeth Rosenthal
    Testing has become to the United States’ medical system what liquor is to the hospitality industry: a profit center with large and often arbitrary markups. From a medical perspective, blood work, tests and scans are tools to help physicians diagnose and monitor disease. But from a business perspective, they are opportunities to bring in revenue — especially because the equipment to perform them has generally become far cheaper, smaller and more highly mechanized in the past two decades. And echocardiograms, ultrasound pictures of the heart, are enticing because they are painless and have no side effects — unlike CT scans,...
  • Why Cuomo’s New York Fracking Ban Won’t Matter Much

    12/20/2014 5:14:58 PM PST · by SeekAndFind · 16 replies
    National Review ^ | 12/20/2014 | Robert Bryce
    Amid the many explanations offered by New York governor Andrew Cuomo and his various lieutenants about their reasons for imposing a permanent ban on hydraulic fracturing in the state, one of them made me laugh out loud. “We lack the necessary data,” said New York’s health commissioner, Howard Zucker. I’ll discuss why that claim made me chuckle in just a moment. Before turning to that, let’s be clear: Cuomo’s decision is not surprising, and it’s not very significant either. It’s hardly surprising that a liberal Democratic governor in one of America’s most liberal states chose to ban fracturing. Indeed, in...
  • Cyberattack on German steel factory causes 'massive damage

    12/20/2014 1:07:05 PM PST · by aimhigh · 34 replies
    It World ^ | 12/19/2014 | Loek Essers
    A German steel factory suffered massive damage after hackers managed to access production networks, allowing them to tamper with the controls of a blast furnace, the government said in its annual IT security report. . . . . . Due to these failures, one of the plant’s blast furnaces could not be shut down in a controlled manner, which resulted in “massive damage to plant,” the BSI said, describing the technical skills of the attacker as “very advanced.”
  • Cyberattack on German Iron Plant Causes ‘Widespread Damage’: Report

    12/20/2014 11:49:41 AM PST · by Ray76 · 16 replies
    WSJ ^ | Dec 18, 2014 | Rachael King
    A German federal agency has acknowledged in a report Wednesday that a cyberattack caused physical damage to an iron plant in the country. It was a rare admission by a government tying a cyber action to actual physical destruction. The attackers gained access to an unnamed plant’s office network through a targeted malicious email and were ultimately able to cross over into the production network. The plant’s control systems were breached which “resulted in an incident where a furnace could not be shut down in the regular way and the furnace was in an undefined condition which resulted in massive...
  • The Best-Ever Argument for Federalism

    IÂ’m a big fan of federalism for both policy and political reasons.Returning programs to the states is the best way of dealing with counterproductive income-redistribution policies such as welfare, Medicaid, and food stamps.Federalism is also the right way of unwinding bad education schemes likeObamaÂ’s Common Core and BushÂ’s No Bureaucrat Left Behind.And the same principle applies fortransportation, natural disasters, and social issues such as drugs.And I canÂ’t resist pointing out, for the benefit of those who think such things matter, that federalism is also the system that is consistent with ourConstitutionÂ’s restrictions on central government power.Simply stated, federalism is good...
  • "Deflation Warning" vs. "Inflation is Nearly Everywhere"

    12/20/2014 11:19:23 AM PST · by Kaslin · 23 replies
    Townhall.com ^ | December 20, 2014` | Mike Shedlock
    Theory #1: Break-Even Rates Provide "Deflation Warning"
  • Equities Decouple from Oil

    12/20/2014 10:19:39 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | December 20, 2014 | Charles Payne
    The 419-point move for the Dow +2.4% is the biggest since November 30, 2011. A lot was short covering, but those covering were not mom and pop investors…but sometimes, smart money throws in the towel. Yesterday, the biggest news was not headline news and most market-watchers were not paying attention either. The decoupling of equities from oil is huge; even after a rebound attempt in oil failed and crude tumbled, stocks kept moving higher.This is big stuff. It clears the way for good news on gas to be good news, not a deflationary red flare.Here’s the technical part of our Special...
  • Fewer US-Born Americans Have Jobs Now Than In 2007

    12/20/2014 8:28:02 AM PST · by RicocheT · 31 replies
    Daily Caller blog ^ | 12/20/2014 | NEIL MUNRO
    Fewer Americans born in the U.S. have jobs now than were employed to November 2007, despite a working-age population growth of 11 million. The amazing drop in employment highlights President Barack Obama’s slow recovery from the deep 2008 shock, but also spotlights many companies’ growing reliance on foreign migrant labor. Almost one in every two jobs added since 2009 have gone to foreign-born workers. In November 2014, one in every five U.S. jobs was held by a foreign-born worker, up from one-in-six jobs in January 2010, according to federal data highlighted by the Center for Immigration Studies. Since November 2007,...