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Business/Economy (News/Activism)

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  • The EPA vs. State Economies. It's Regulations Drive Up the Price of Corn

    11/19/2012 7:04:01 AM PST · by SeekAndFind · 2 replies
    National Review ^ | 11/18/2012 | Marlo Lewis
    On Friday, the Environmental Protection Agency rejected petitions from the governors of Georgia, Texas, Arkansas, Delaware, Maryland, New Mexico, and North Carolina to suspend the biofuel-blending requirements established by the federal renewable fuel standard (RFS) program. This program requires refiners to blend increasing quantities of biofuel — mostly corn ethanol — into the nation’s motor-fuel supply. The 2012 target is to blend 13.2 billion gallons of biofuel into our gasoline, a quantity that ratchets up to 13.8 billion gallons in 2013. This year, about 4.7 billion bushels, or 40 percent of the nation’s corn crop, will be consumed by ethanol...
  • Investment Falls Off a Cliff

    11/19/2012 6:59:29 AM PST · by The Sons of Liberty · 27 replies
    Wall Street Journal Online ^ | 11/19/2012 | SUDEEP REDDY and SCOTT THURM
    U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery. Half of the nation's 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next, according to a review by The Wall Street Journal of securities filings and conference calls. Nationwide, business investment in equipment and software—a measure of economic vitality in the corporate sector—stalled in the third quarter for the first time since early 2009. Corporate investment in new buildings has declined. At the same time, exports are slowing or falling to...
  • The Parasite That Kills Its Hostess

    11/19/2012 6:52:23 AM PST · by SeekAndFind · 29 replies
    RCM ^ | 11/18/2012 | Robert Tracinski
    The news about the bankruptcy of Hostess, maker of the Twinkie and other legendary junk foods, touched off some memories of growing up in a mid-sized Midwestern town in the 1970s and '80s. No, not that kind of memory, though come to think of it, the 1980s was the last time I actually ate a Hostess snack. What I'm recalling has a lot less nostalgic charm: the whole phenomenon of a kamikaze labor union that keeps demanding more for workers--who end up getting nothing when their employer goes belly-up. That's pretty much what the unions did, or tried to do,...
  • Pizza Hut Going to 29 Hour Weeks As Well (vanity)

    11/19/2012 6:49:33 AM PST · by TigerClaws · 41 replies
    More boycott lib targets. 29 hour shifts for Pizza Hut workers were I live. Not sure if national policy. Was the goal here to get as many people as possible 100% reliant on government healthcare? These workers will now need 2 jobs where they had one.
  • The truth about federal salary numbers (Are they paid much less than those on the private sector?)

    11/19/2012 6:49:13 AM PST · by SeekAndFind · 10 replies
    Washington Post ^ | 11/18/2012 | Andrew G. Biggs and Jason Richwine
    Should federal workers get a raise? With salaries and benefits paid to the government’s civilian workers totaling $271 billion in 2011, deciding whether to extend the freeze enacted last year on cost-of-living increases has important budgetary consequences. Unfortunately, the government’s methodology for comparing pay is too flawed to offer real guidance. The Federal Salary Council, an advisory body of academics and leaders of public employee unions, suggested last month that federal workers are underpaid by an average of 35 percent relative to nonfederal employees. The council’s data come from the “President’s Pay Agent,” the bureaucratic entity that conducts the federal...
  • Taxing the Rich doesn't cost you anything. Really?

    11/19/2012 6:16:10 AM PST · by econjack · 71 replies
    The Growth Stock Wire ^ | Nov. 19, 2012 | Jeff Clark
    A Shocking Story About Greed and Taxes By Jeff Clark Monday, November 19, 2012 Raising taxes on the rich raises taxes on everyone. My home state of California just passed Proposition 30, which increases income taxes on residents who make $250,000 a year or more. The top marginal tax rate is now 13.3%, the highest of any state. Proposition 30 was sold to the voters as "this won't cost you a dime, but it'll make the rich pay their fair share to put our schools back in shape." Since so many voters thought they were excluded from the tax, and...
  • There Will be a Deal: We'll Never Reach the Fiscal Cliff, And It Wouldn't Matter If We Did

    11/19/2012 6:42:05 AM PST · by SeekAndFind · 22 replies
    Forbes ^ | 11/18/2012 | John Tamny
    Supply-siders and Keynesians don’t agree on much these days, but when it comes to the alleged “fiscal cliff”, both sides are in agreement that jumping off this ledge would bring tragic economic consequences. Though a strong believer in supply-side principles, I believe even more strongly that conventional wisdom is nearly always wrong. It’s wrong here. Before getting into why the grand assumptions surrounding the fiscal cliff are ridiculous, it’s best to explain why we’ll never reach this ranch-style house “plunge” onto soft ground. We won’t because the incentives that drive politicians ensure a deal. That’s the case because with the...
  • Senate Fiddles While College Debt Explodes

    11/19/2012 6:41:49 AM PST · by Kaslin · 36 replies
    Townhall.com ^ | November 19, 2012 | Bruce Bialosky
    America’s accumulated college-loan debt will surpass $1 trillion this year; what is our leadership doing about it? The Obama Administration took over the student loan market and expanded Pell Grants, but hasn’t accomplished anything to address the root cause of the crisis: exploding college fees and related costs. The only thing they’ve done is criticize innovators and entrepreneurs. The Senate Committee on Health, Education, Labor, and Pensions (HELP), chaired by Senator Tom Harkin (D-Iowa), issued a new report calling into question the costs and performance of For-Profit universities. There are actually hundreds of these schools, perhaps the most well-known being...
  • Even Cows Flee California Seeking a Better Economic Climate

    11/19/2012 6:36:00 AM PST · by SeekAndFind · 9 replies
    RCM ^ | 11/18/2012 | Bill Frezza
    It's not just millionaires and billionaires who are fleeing the economic madness in California. Even cows are starting to depart for greener pastures. That's right, 400 bovine refugees shuffled off to Kansas just this month, with more expected to follow as over 100 dairy farms in California close their doors. Why are cows voting with their hooves? It's hard to find a government program as insane as the complex web of price supports, market orders, direct payments, diversion programs, herd reductions, import barriers, export subsidies, and stacked-to-the-rafters cheese warehouses that characterize Uncle Sam's efforts to "rationally manage" the dairy market....
  • Critical questions for ABC-NBC-CBS-PBS-NPR-AP-NYT-WASHPO-LAT

    11/19/2012 6:33:05 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | November 19, 2012 | Shawn Mitchell
    Wake up and smell the cappuccino, conservatives. This election offers devastating proof we must embrace immigration reform now. It’s our only hope! Not as the pandering stunt some Beltway geniuses argue will trick liberal minorities into voting conservative. Someone’s gotta be inhaling Colorado’s special herbs to think that’ll work. No, we need immigration reform so Univision can hire more hard-working reporters to do the dirty jobs their American counterparts won’t, like, ask a few tough questions.Imagine a press conference going like this:Mr. President, it’s  reported your Attorney General knew your FBI was investigating your Director of Central Intelligence about issues...
  • To Reduce Inequality, Tax Wealth, Not Income

    11/19/2012 6:03:29 AM PST · by reaganaut1 · 61 replies
    New York Times ^ | November 18, 2012 | DANIEL ALTMAN
    WHETHER you’re in the 99 percent, the 47 percent or the 1 percent, inequality in America may threaten your future. Often decried for moral or social reasons, inequality imperils the economy, too; the International Monetary Fund recently warned that high income inequality could damage a country’s long-term growth. But the real menace for our long-term prosperity is not income inequality — it’s wealth inequality, which distorts access to economic opportunities. Wealth inequality has worsened for two decades and is now at an extreme level. Replacing the income, estate and gift taxes with a progressive wealth tax would do much more...
  • Both Sides Must Give Ground To Avoid Fiscal Cliff

    11/19/2012 12:21:54 AM PST · by Kaslin · 52 replies
    Townhall.com ^ | November 17, 2012 | Michael Barone
    In his first formal press conference in months, Barack Obama showed that getting re-elected can increase a president's confidence and combativeness. He staked out tough stands on several issues, especially on the looming budget negotiations. Looking ahead to the "fiscal cliff" on Dec. 31, when the 2001 and 2003 tax cuts expire and sequestration cuts government spending sharply, Obama demanded $1.6 trillion of increased revenues as part of any budget bargain. That's twice the number he and Speaker John Boehner agreed on in the grand bargain talks in the summer of 2011. Those talks fell apart when Obama telephoned Boehner...
  • EU: Merkel's day of reckoning as taxpayer haircut on Greece looms

    11/18/2012 11:53:03 PM PST · by bruinbirdman · 11 replies
    The Telegraph ^ | 11/18/2012 | Ambrose Evans-Pritchard
    Germany, Holland, and the creditor states of northern Europe have not lost a single cent on eurozone rescue packages, so far. They have lent money, at a theoretical profit. They have issued a fistful of guarantees to Europe’s twin bail-out funds, covering Greece, Ireland, Portugal, Spain, and soon Cyprus. They have taken on opaque and potentially huge liabilities through the European Central Bank. Yet little has disturbed the illusion that the euro is a free lunch for the surplus powers. An assumption persists that the creditors will be spared the consequences of flooding Southern Europe with excess capital. All the...
  • Why Obama Care Is Still No Sure Thing

    11/18/2012 9:26:03 PM PST · by FreedomNotSafety · 56 replies
    WSJ ^ | 11/19/2012 | Capretta and Levin
    Link only. Can't copy with my phone.
  • Soros increases his stake in AIG

    11/18/2012 8:56:04 PM PST · by bronxville · 8 replies
    muckety.com ^ | 11-18-2012 | Laurie Bennett
    Soros increases his stake in AIG By Laurie Bennett November 18, 2012 at 5:56am One of the likely beneficiaries of the government-backed recovery of American International Group: billionaire George Soros. Soros Fund Management has upped its investment in AIG, bringing its holdings to 15.2 million shares, worth $484 million. The fund last week reported AIG as its third largest investment (after Micron and Lucent). Soros is a longtime supporter of liberal causes and Democratic politicians. In the last election, he gave $1 million to the major super PAC supporting President Obama’s re-election, and another $1 million to American Bridge 21st...
  • Maryland’s Endemic Corruption: An Object Lesson for the Nation

    11/18/2012 7:01:22 PM PST · by Tolerance Sucks Rocks · 16 replies
    Accuracy in Media ^ | November 15, 2012 | James Simpson
    Maryland is one of the most corrupt states in our nation. Nowhere is this fact more evident than with the state’s treatment of illegal aliens. Maryland politicians have literally become lawless in their efforts to cultivate illegals, and this lawlessness flows downhill from the very top. I will focus on a few of the more egregious examples. In 2011, we published a report on CASA de Maryland, a Silver Spring-based illegal immigrant advocacy group that parrots ACORN in both its methods and associates—which include the Communist Party USA, FMLN, (a former Salvadoran communist guerilla group, now a political party), ACORN...
  • Here's a Hunch: Obama doesn’t want a deal to avoid the fiscal cliff

    11/18/2012 5:08:01 PM PST · by SeekAndFind · 55 replies
    Hotair ^ | 11/17/2012 | Jazz Shaw
    Everyone came away from the initial summit meeting between Obama, Boehner and Reid with big smiles and a public air of confidence that Friday's kumbaya moment would lead to The Big Deal. Call me a cynic, but I'm still not buying it. Yesterday, AP touched on a part of this story, tossing out some ideas about how everyone --- particularly Democrats ... might walk away with relatively clean hands if no deal is reached on the fiscal cliff this year. It's all true, but for some of us there's a bit more to the story. The Democrats, for their part,...
  • Eurozone suffers double-dip recession

    11/18/2012 3:02:14 PM PST · by Olog-hai · 5 replies
    European Voice ^ | 15.11.2012 / 15:45 CET (Nov. 15) | Ian Wishart
    The eurozone is officially back in recession after three years of sluggish growth as the sovereign debt crisis continues to impede recovery. Figures out today (15 November) show that gross domestic product in the 17-country eurozone decreased by 0.1% between July and September after contracting by 0.2% in the three months before that. …
  • This Graph Should Scare You

    11/18/2012 2:18:34 PM PST · by lbryce · 65 replies
    Washington Post WonkBlog ^ | November 18, 2012 | Staff
    A new study from the Congressional Budget Office starts with the scariest graph you’ll see today. Source: Congressional Budget Office In other words, you’re not imagining it: This economic recovery has been a big disappointment relative to what the United States has usually experienced after a recession. Growth has been 9 percent below what was seen in past recoveries on average in its first three years. The CBO report tries to disentangle where that underperformance is coming from and its answer is deeply unsettling: The U.S. economy just isn’t as good at growing as it used to be. The new...
  • Walmart Files Charges Against UFCW Union

    11/18/2012 11:42:16 AM PST · by ColdOne · 93 replies
    breitbart.com ^ | 11/18/12 | Tony Lee
    On Friday, Walmart filed an unfair labor practice charge against UFCW with the National Labor Relations Board to stop what Walmart says are illegal disturbances against its businesses. A group of Walmart employes, encouraged by the United Food and Commercial Workers International Union (UFCW) and OUR Walmart, are expected to strike on Black Friday. Black Friday is the store’s busiest day of the year, and this may be the largest strike against the company in its history. Two groups affiliated with the UFCW -- OUR Walmart and Making Change at Walmart -- have been organizing demonstrations and flash mobs outside...
  • Real Estate Sales Collapse in Paris

    11/18/2012 8:15:05 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | November 2012 | Mike Shedlock
    Mainstream media offers little on the stunning collapse of real estate sales in France, notably Paris and Ile-de-France. Via Google translate, please consider Real Estate November 2012: figures for the month. Here are a few translate-unedited snips. 2012 will remain a very bad year for real estate professionals. In this comprehensive figures on the property market in November 2012, discover the sharp decline in real estate sales in Paris and Ile-de-France. Even in Paris, it becomes difficult to sell a property Notaries in Paris / Ile-de-France note that even in their region very attractive it becomes difficult to sell a...
  • I Went To Buy Some Ho Ho's, But They Were Gone.

    11/18/2012 7:51:43 AM PST · by jdsteel · 58 replies
    Free Republic Original Content (Vanity) | 11/18/12 | jdsteel
    I went to buy some Ho Ho’s but they were gone, and so was a part of America. When I heard that Hostess was declaring bankruptcy it made me sad. Probably not as sad at the 18,000 people that used to work for them but it did affect me. Oh, I knew that I was partly to blame. When I was a child I would gobble down Ho Ho’s and chocolate cupcakes with abandon. I could burn through a half of a box of Ho Ho’s and a half gallon of Vitamin D milk in about 15 minutes. My elementary...
  • Pepsi now selling ‘fat-blocking soda’

    11/18/2012 7:27:35 AM PST · by Renfield · 17 replies
    yahoo.com ^ | 11-14-2012 | Eric Pfeiffer
    Pepsi Japan launched a new line of soda on Tuesday that it claims blocks the body's absorption of fat. Pepsi Special is infused with indigestible dextrin, a synthetic dietary fiber. Even though dextrin has not been proven to have dietary benefits for humans, it has been successfully tested on rats. Which, apparently, is good enough for Pepsi and the Japanese government, which has formally backed the soda manufacturer's claims. The Japanese Ministry of Health says products carrying its FOSHU label are "intended to be consumed for the maintenance/promotion of health or special health uses by people who wish to control...
  • Reagan: Beware Erosion of American Spirit

    11/18/2012 7:15:09 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | November 18, 2012 | Mark Baisley
    We pause as a nation to give thanks this week.  Thanksgiving Day is readily my favorite of patriotic holidays.  As a requisite to taking in this article, I encourage you to read my Townhall article from one year ago on the history of the American Thanksgiving; You can find that article by clicking HERE. The American Thanksgiving celebration keeps alive one of our nation’s most intriguing and meaningful chapters.  Ronald Reagan made a similar attempt of preserving wisdom at a milestone moment of his presidency.  In his farewell address at the end of his term on January 11, 1989, President Reagan told the nation,...
  • Kaiser Permanente lays off 530 employees in Southern California

    11/18/2012 6:59:46 AM PST · by Baynative · 29 replies
    Long Beach Press Telegram ^ | 11/16/2012 | Canan Tasci
    Kaiser Permanente officials have confirmed 530 union employees in Southern California have been laid off. At least 85 position were eliminated at the Fontana and Ontario medical centers, officials said Friday. Officials at the health-care provider did not release the locations of the other 445 positions. The layoffs do not include physicians.
  • Eliminate the death tax (one can't even mourn the death of a parent without worrying about taxes)

    11/18/2012 6:59:19 AM PST · by SeekAndFind · 45 replies
    American Thinker ^ | 11/18/2012 | Rick Moran
    Is it "fair" that the federal government be able to take more than half the wealth created by estates of more than $3.5 million at the time of death? Of course it is, says the left - even if 97% of farmers and ranchers will be impacted. Fox News: ****** Two decades ago, Kester paid the IRS $2 million when he inherited a 22,000-acre cattle ranch from his grandfather. Come January, the tax burden on his children will be more than $13 million. For supporters of a high estate tax, which is imposed on somebody's estate after death, Kester is...
  • New Jobless Claims: Outliers, Volatility, Incompetence and Incentives

    11/18/2012 6:50:51 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | November 18, 2012 | Political Calculations
    The United States would appear to have entered a new trend for new jobless claims, one characterized by outliers and volatility. Our chart below showing the residual distribution of the number of new jobless claims filed each week shows just how far off from normal things have become since 22 September 2012, which we're marking as the end of the previous trend. In fact, the data is so volatile right now that we're not able to accurately determine what the real trend in new jobless claims might be. For that, we'll need anywhere from six to ten non-outlier data points,...
  • The Amnesty Fantasy (illegal immigration)

    11/18/2012 6:40:10 AM PST · by dennisw · 22 replies
    nationalreview. ^ | nov 16th | Rich Lowry
    The networks had barely called the election for President Barack Obama before GOP elites rushed to embrace an amnesty for illegal immigrants. Getting killed almost three-to-one among Latino voters understandably concentrates the mind, but it’s no reason to lose it. The post-election Republican reaction has been built on equal parts panic, wishful thinking, and ethnic pandering. It’s one thing to argue that amnesty is the right policy on the merits. It’s another to depict it as the magic key to unlocking the Latino vote. John McCain nearly immolated himself within the Republican party with his support for amnesty and did...
  • The United Kingdom Throws Down the Gauntlet with a Strong Entry in the Government Stupidity Contest

    11/18/2012 6:22:01 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | November 18, 2012 | Daniel J. Mitchell
    I periodically compare moronic decisions and policies by governments in the United States and United Kingdom. You can peruse some jaw-dropping examples by clicking this link. To show that politicians and bureaucrats don’t have a monopoly on stupidity, I’ve also shared a pair of examples that expose foolishness in the private sector.“Won’t anyone take free money?” I think the contest has been pretty even to date, but now we have an entry from the United Kingdom that may be hard to beat. The government created a new boondoggle program, but managed to make it so convoluted that no households have...
  • UN report: Religious objections to contraception and abortifacients violate human rights

    11/18/2012 6:17:05 AM PST · by NYer · 31 replies
    Life Site News ^ | November 16, 2012 | BEN JOHNSON
    NEW YORK, November 16, 2012, (LifeSiteNews.com) - A newly released United Nations Population Fund report calls on governments to counteract “religious” objections to “emergency contraception,” which the report says stand in the way of fundamental human freedoms. The UNFPA’s 2012 annual report, which declared birth control a “human right,” was released this week. It states that UN general comments are “the authoritative interpretation of the standards” that “help translate the right to family planning at the abstract…level into policies and programs.” The committee on Economic Social and Cultural Rights in its General Comment Number 14 ruled that one of...
  • Beginning of the End Starts Third Week of January

    11/18/2012 6:01:39 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | November 18, 2012 | John Ransom
    Georgia Boy wrote: Actually, President Obama has not raised taxes on anybody, but I think he will raise taxes on the wealthiest (back to historic levels) when he gets his second term. That said, Ransom is just another Rat-wing speculation, pretty much full of bovine manure. -France’s “No Limit” Tax Perfect for ZeroDear Comrade Boy Georgia,You’re right about Obama wanting to bring taxes to historic levels, although like most liberals you don’t understand what you are saying. Still, rest assured, if you did understand what you said about taxes at historic levels, you’d be for that too.And that’s really the...
  • Fallacies Such As MMT Are "Leading The Sheep To Slaughter"

    11/18/2012 5:53:17 AM PST · by Renfield · 10 replies
    zerohedge.com ^ | 11-17-2012 | Kyle Bass
    Below are some of the key highlights from Kyle Bass' latest, and as usual, must read letter:On central banks and the final round of global monetary debasement: Central bankers are feverishly attempting to create their own new world: a utopia in which debts are never restructured, and there are no consequences for fiscal profligacy, i.e. no atonement for prior sins. They have created Potemkin villages on a Jurassic scale. The sum total of the volatility they are attempting to suppress will be less than the eventual volatility encountered when their schemes stop working. Most refer to comments like this...
  • The Next Oil Revolution

    11/17/2012 9:08:10 PM PST · by neverdem · 39 replies
    Energy Tribune ^ | November 17, 2012 | Peter C Glover
    By Peter C GloverFar from running out of oil, new studies confirm the world is headed for the next oil revolution with growing US production playing an nascent role. And, as with the unconventional shale gas revolution, nearly all new unconventional oil development is taking place despite pre-election White House energy polices through development on private, rather than on federal, lands. A new IHS CERA group study America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy, spells out how unconventional oil and gas production in the US is changing the US energy landscape and contributing...
  • Sign outside of business causing a boom in customers

    11/17/2012 8:23:53 PM PST · by Morgana · 109 replies
    msnbc ^ | 11.17.2012 | wboy
    Riley Gunnoe says business is booming at his tool store in St. Albans. He says it's because of a sign outside. Gunnoe told me he didn't know what was going to happen when he put this phrase on it, "If you are for Obama's policies, please keep your dumba$$ out of this store." Gunnoe says he didn't know what was going to happen when he put the sign up. "I didn't care. But it really has doubled my business since I put it up so I'm glad I did now!" Some people in the community say it makes them question...
  • Will Twinkies be reborn through new Mexican ownership?

    11/17/2012 6:17:19 PM PST · by Brandonmark · 151 replies
    NBCLatino ^ | November17, 2012 | Adrian Carrasquillo
    Next week may be Black Friday but sweets lovers across the nation hung their heads in sorrow on a dark Friday yesterday as Hostess announced they would cease making their line of products, which include the iconic Twinkies brand, because of the Bakers Union Strike. But now as the brand heads towards liquidating and selling off their assets, a Mexican company may be angling to resurrect the golden Twinkies. According to the Christian Science Monitor, while food producers ConAgra and Flowers Food, the American company behind Nature Valley granola, have expressed interest along with Little Debbie baker McKee Foods, MexicoÂ’s...
  • Gingrich to Newsmax: Republicans Must Hold Line on Taxes

    11/17/2012 5:12:41 PM PST · by Olog-hai · 33 replies
    Newsmax ^ | Saturday, 17 Nov 2012 04:24 PM | Stephen Feller
    Republicans in Congress should be putting options on the table to raise government revenues as part of fiscal cliff negotiations, but raising taxes should not be one of those options, Newt Gingrich said in an exclusive interview with Newsmax TV. The GOP has given up on about 40 percent of the electorate in the last couple of elections, he also said, and needs to focus on inclusion of not just immigrants, but on states where Democrats automatically expect to win. Every time Democrats negotiate a budget deal that includes tax increases and spending cuts, taxes go up but in most...
  • The Coming Environmental Battles

    11/17/2012 1:35:54 PM PST · by Kaslin · 4 replies
    Townhall.com ^ | November 17, 2012 | Paul Driessen
    The United States is now Balkanized into five distinct voting blocs, says Joel Kotkin. Other political analysts see the nation bifurcating along “makers” and “takers” lines, while still others say 50.6% of the popular vote is hardly a mandate. In any event, when American voters reelected President Obama, they also returned his EPA, Interior, Energy and Justice Departments, and their wide-ranging agenda for “fundamentally transforming” our nation. This won’t mean just Obamacare, higher taxes on businesses and families, rampant spending, and tens of thousands of pages of new regulations. It will also bring more disputes over energy and environmental...
  • The Obama Recession

    11/17/2012 12:27:34 PM PST · by Kaslin · 14 replies
    Townhall.com ^ | November 17, 2012 | John C. Goodman
    Full time work is about to get scarcer. The reason? By hiring part-time workers who put in less than 30 hours per week, employers can avoid a mandate dictated by the new health reform law: either provide expensive health insurance or pay a fine equal to $2,000 per worker. Avoiding the mandate becomes even more attractive for low-wage employees, since they can get highly subsidized insurance in the newly created health insurance exchanges. According to the Wall Street Journal: • Darden Restaurants [parent of Red Lobster and Olive Garden] was among the first companies to say it was changing hiring...
  • Our Kids Are Doomed. Give Them a Twinkie (Stop worrying about the future, there is none)

    11/17/2012 12:03:22 PM PST · by SeekAndFind · 11 replies
    Pajamas Media ^ | 11/17/2012 | Frank j. Fleming
    Recently, nature punished us for our fossil fuel burning with hurricane Sandy; ask any science enthusiast, like Meghan McCain. Some people deny global warming exists, but that is foolish. It’s been proven. It is settled science. Globes have been warmed in science labs. And now we’re getting hit with massive hurricanes because… warming. It’s science — you don’t have to understand it, you just have to fear it. If we continue to pump carbon into the air, we will be hit by frequent hurricanes, flooding of the coasts, and men in white lab coats yelling at us and calling us...
  • In 6 Weeks, A New Dividend Tax Will Smack Rich People Upside The Head

    11/17/2012 11:54:57 AM PST · by SeekAndFind · 25 replies
    Business Insider ^ | 11/17/2012 | Henry Blodget
    Unless Congress intervenes, taxes are set to rise significantly on January 1st, when we hit the "fiscal cliff." Most of the focus of this tax increase has been on income taxes. Income taxes for incomes over ~$388,351, for example, are set to revert back to the Clinton-era 39.6% from the current 35%. That's a relatively modest increase, and a 39.6% tax for the top bracket is still historically low. Capital gains taxes are also set to rise, from 15% to 20%. That's a bigger percentage increase, but the resulting capital-gains rate will still be historically low. Screams about how these...
  • Reid and Boehner split over timing for deficit-reduction deal

    11/17/2012 11:28:05 AM PST · by what's up · 15 replies
    The Hill ^ | Nov 16, 2011 | Alexander Bolton
    A rift has emerged between Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) over the timing of a deficit-reduction deal, which they discussed at the White House Friday. The disagreement stems from a battle for leverage. Democrats want to strike an agreement now, when their political capital is at a high point following the election. They feel their position is further strengthened by the pending expiration of the Bush tax cuts and scheduled cuts to defense spending.
  • What seceding from the U.S. will cost you

    11/17/2012 11:02:27 AM PST · by SeekAndFind · 94 replies
    Marketwatch ^ | 11/17/2012 | Brett Arends
    Your state wants to secede from the union. What will this mean for your taxes? I have good news and bad news. The good news is really good. But the bad news is really, really bad. We’ll get to them in a moment. Talk of secession is in the air. The White House this week confirmed that residents in all fifty states had submitted petitions asking to leave the union. Will the last one left please turn out the lights? Residents in seven states, all in the former Confederacy, submitted more than 30,000 signatures each — enough that some hapless...
  • The Stock Market Decline: It's Not All About The Fiscal Cliff

    11/17/2012 10:59:31 AM PST · by SeekAndFind · 2 replies
    While the fiscal cliff problem has absorbed almost all of the financial media comment since the election, there's a lot more to the stock market decline that has virtually gotten lost in the discussion. The market actually topped on September 14th and has trended down ever since. Most importantly, the U.S. economy was a lot weaker than the consensus believes before Hurricane Sandy became a factor. In addition Fed policy is becoming increasingly ineffectual, earnings forecasts are coming down, Europe is officially in recession and China, as well as the other BRIC nations, is slowing down. Although nobody knows the...
  • Answerable to No One (Consumer Financial Protection Bureau)

    11/17/2012 10:39:47 AM PST · by what's up · 11 replies
    Washington Post ^ | Nov 16, 2011 | George Will
    There can be unseemly exposure of the mind as well as of the body, as the progressive mind is exposed in the Consumer Financial Protection Bureau (CFPB), a creature of the labyrinthine Dodd-Frank legislation. Judicial dismantling of the CFPB would affirm the rule of law and CongressÂ’s constitutional role. The CFPBÂ’s director, Richard Cordray, was installed by one of Barack ObamaÂ’s spurious recess appointmentswhen the Senate was not in recess. Vitiating the SenateÂ’s power to advise and consent to presidential appointments is congruent with the CFPBÂ’s general lawlessness. The CFPB nullifies CongressÂ’s power to use the power of the purse...
  • Getting past the hype behind wind energy (anti-wind energy misinformation)

    11/17/2012 10:36:55 AM PST · by DTogo · 69 replies
    The Hill ^ | Nov 16, 2012 | John Droz, Jr
    ...Here are some other PTC tidbits that those smooth-talking AWEA hucksters won’t be mentioning… A one year extension of the PTC will cost taxpayers over $12 Billion — how is that a good idea? All that $12+ Billion will increase our deficit — how is that a good idea? Almost all of that $12+ Billion will be borrowed from China — how is that a good idea? A large part of that $12+ Billion will go to foreign conglomerates — how is that a good idea?
  • Maine’s striking Hostess workers say company’s collapse a strong message of union resolve

    11/17/2012 10:28:20 AM PST · by matt04 · 99 replies
    Labor leaders in Maine say the resilience of the Hostess workers on the picket line at the company’s Biddeford plant, which is in the process of being shut down after the company on Friday said it would liquidate the business, gives them inspiration in the face of what they believe have been ongoing efforts — by politicians, including Gov. Paul LePage, and corporate investors — to reduce union influence. Bakers’ union officials and their supporters say also that the demise of Hostess Brands Inc., which failed to convince striking workers to return to their jobs, is a warning sign for...
  • The Twinkie, a Suicide (Unionside)

    11/17/2012 7:49:01 AM PST · by yoe · 47 replies
    WSJ ^ | November 16, 2012 | Editor
    Perhaps it says something about America—though we're not sure what—that iconic junk foods like Twinkies, Devil Dogs, Ho Hos snack cakes and Wonder bread have endured since the 1930s despite changing consumer health and eating habits. It does say something about institutions that can't—or refuse to—adapt to new economic times that the company behind those products has chosen to go out of business overnight. Hostess's owners have decided to liquidate rather than ride out a nationwide strike by one of the largest of its dozen unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. [snip] Union work rules...
  • In Four More Years We'll Be Detroit

    11/17/2012 7:05:11 AM PST · by Kaslin · 25 replies
    Townhall.com ^ | November 17, 2012 | John Ransom
    From one moment to the next the city of Detroit doesn’t know where its next bailout is coming from. Chronically unable to pay its bills, the city looks to the state for cash gifts to stave off default. Operating under the terms of a consent agreement hammered out with the state, Detroit faces fiscal uncertainty largely because it has failed to get adequate concessions from public employee unions that are unsustainable. And those concessions that they have wrested from unions, politicians in Detroit have been unwilling to enforce.      One prominent Detroit attorney, however, is facing the future of the...
  • NLRB to Force Businesses to Give Employee Information to Unions

    11/17/2012 6:45:50 AM PST · by iowamark · 27 replies
    Breitbart.com ^ | 15 Nov 2012 | Tony Lee
    President Barack Obama's National Labor Relations Board (NLRB) is considering a rule that would force private businesses to turn over their workers' personal information -- such as phone numbers, email addresses, and work schedules -- to union organizers. While this rule would be intended to make it easier for union bosses to organize workers at businesses that do not have a union presence, it would also have the unintended effect of making workers vulnerable to harassment. The Heritage Foundation’s James Sherk argued this will allow union organizers to bother workers even after the worker tells an organizer "no" by bombarding...
  • Medical giant Stryker cuts 1,170 jobs, citing ObamaCare

    11/17/2012 6:09:16 AM PST · by FreeAtlanta · 40 replies
    FoxNews.com ^ | November 16, 2012 | Perry Chiaramonte
    Medical supply giant Stryker is the latest company to announce job cuts in anticipation of coming costs associated with ObamaCare, even though the man who inherited a fortune from the company's founder is a fan. The company will cut 1,170 jobs, or five percent of its worldwide workforce, despite the fact that the founder's grandson was one of the largest contributors to President Obama’s re-election campaign. Medical tech scion Jon Stryker, whose net worth is currently estimated at $1.2 billion, contributed $2 million to the Priorities USA Action super PAC and has given $66,000 in contributions to Obama and the...