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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...