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Business/Economy (News/Activism)

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  • Our Government-Created Financial Crisis (Walter Williams)

    12/10/2012 10:40:44 AM PST · by jazusamo · 18 replies
    Creators Syndicate ^ | December 12, 2012 | Walter E. Williams
    Suppose you saw a building on fire. Would you seek counsel from the arsonist who set it ablaze for advice on how to put it out? You say, "Williams, you'd have to be a lunatic to do that!" But that's precisely what we've done: turned to the people who created our fiscal crisis to fix it. I have never read a better account of our doing just that than in John A. Allison's new book, "The Financial Crisis and the Free Market Cure." Allison is the former CEO of Branch Banking and Trust, the nation's 10th largest bank. He assembles...
  • European renewable power grid rocked by cyber-attack

    12/10/2012 10:11:32 AM PST · by Olog-hai · 2 replies
    EurActiv ^ | 10 December 2012 | Arthur Neslen
    A German power utility specialising in renewable energy was hit by a serious cyber-attack two weeks ago that lasted five days, knocking its internet communications systems offline, in the first confirmed digital assault against a European grid operator. “It was a DOS (‘Denial Of Service’) attack with a botnet behind it,” Boris Schucht, the CEO of 50Hertz told EurActiv on the fringes of a Brussels renewables conference. “It blocked our internet domains so that in the first hours, all email and connectivity via the internet was blocked.” DOS attacks involve thousands of requests being sent to a server each second...
  • Office supplies chain, Staples, to offer in-store 3D printing

    12/10/2012 9:22:15 AM PST · by null and void · 21 replies
    Electronic Products ^ | 12/7/12 | Jeffrey Bausch
    Announcement marks first time major franchise will carry technology Staples, the popular office supplies store, has announced that its Printing Systems Division will work with Mcor Technologies Ltd. to launch a low-cost, full-color 3D printing service called “Staples Easy 3D”. The program will be hosted online and offers everyone from architects to engineers to parents the ability to create photo-realistic 3D printed products. All that’s needed is an electronic design file be uploaded to the online Staples Office Center. After that, the user can head down to the store to pick up the finished model, or otherwise opt to have...
  • A real cliff of incompetence, excuses

    12/10/2012 8:50:11 AM PST · by AngelesCrestHighway · 4 replies
    MSN Money ^ | 12/07/12 | Bill Fleckenstein
    OK, everyone, buckle up. This is going to be a bumpy ride. First off, I would like to turn to our eventual funding crisis. Yes, I have been talking about this for some time, and no, it hasn't started yet. But it will. One day the markets will take the printing press away from central bankers by spurning their bonds, and governments needing to get their debt funded will see rates rise dramatically. Whether it will start here, in Japan or somewhere else I don't know, nor do I know when it will start. But I do know that the...
  • Yep: Bankrupt Obama-stimulus recipient goes to the highest bidder, the highest bidder being China

    12/10/2012 8:19:54 AM PST · by SeekAndFind · 3 replies
    Hotair ^ | 12/10/2012 | Erika Johnsen
    Let me get my obligatory free-trade qualifier out of the way here first: It's not so much that there's anything at all wrong with businesses buying and selling on the international arena, because foreign markets may have demands for products we don't, and we all stand to make money off of one another in a mutually beneficial and productive way. Free-trade is not a zero-sum game, and everybody wins.The problem here is that in the case of A123 Systems, a manufacturer of lithium-ion batteries for electric cards, the Obama administration spoon-fed hundreds of millions of dollars of taxpayer money into...
  • Arabs team with Russia, China to push Internet control

    12/10/2012 8:10:43 AM PST · by george76 · 8 replies
    Examiner ^ | December 10, 2012 | Anthony Martin
    certain Arab nations have teamed up with Russia and China to attempt to place the World Wide Web under the control of the International Telecommunications Union. At the World Conference on International Telecommunications currently meeting in Dubai Dec. 3-14, a group of Arab states along with Russia and China proposed that nations strictly control Internet companies, leading many critics, especially in the United States, to charge that the proposal would severely hamper Internet freedom. ... nations with totalitarian forms of government, such as Russia and Muslim nations, have also insisted that strict limits be placed on access to information on...
  • The student loan debt bomb (Now tops total credit card debt for the first time)

    12/10/2012 8:06:56 AM PST · by SeekAndFind · 14 replies
    American Thinker ^ | 12/10/2012 | Rick Moran
    Bill Bennett has an excellent column at CNN on the looming crisis of excess student debt: Last week, the Federal Reserve Bank of New York reported that student loan debt increased to $956 billion, more than auto loan debt or credit card debt. More worrisome, student loan 90-day delinquency rate increased to 11% this past quarter and for the first time exceeds the "serious delinquency" rate for credit card debt.Student loan debt is reaching bubble-bursting levels. By comparison, in October 2007, the start of the subprime mortgage crisis, 16% of subprime mortgages were 90 days delinquent, according to Federal...
  • Why Work Anyway?

    12/10/2012 7:56:08 AM PST · by Kaslin · 116 replies
    Townhall.com ^ | December 10, 2012 | Morgan Brittany
    I was shocked by something I heard from one of my friend’s sons the other day.  He is a college graduate with a business degree and fortunately has a job.  We were all talking about the fiscal cliff and how it would affect people making over $250K a year.  His reaction to the top rate rising to 39% along with the California State tax increase due to Proposition 30 prompted him to say, “Whew, I think I dodged a bullet! I was up for a promotion with a pay raise but someone else got it. I’m pretty sure my taxable...
  • Dean Exposes Obama's Need For Middle Class Tax Hike

    12/10/2012 7:52:59 AM PST · by KeyLargo · 23 replies
    IBD Editorials Dean Exposes Obama's Need For Middle Class Tax Hike Posted 12/06/2012 06:52 PM ET Taxes: The president says all he wants is for "the wealthiest Americans to pay a little more." But far-left Howard Dean just reminded us Obama wants a lot more from all taxpayers. Interviewed by MSNBC's Lawrence O'Donnell on Wednesday, the ex-Vermont governor and 2004 Democratic presidential candidate shocked many with comments that really should have shocked no one. "This is, initially, gonna seem like heresy from a progressive," Dean said. "The truth is, everybody needs to pay more taxes, not just the rich. That's...
  • The End of the Wave: The northward surge of Mexicans into the United States may be over

    12/10/2012 7:37:11 AM PST · by SeekAndFind · 32 replies
    National Review ^ | 12/10/2012 | Michael Barone
    Is mass migration from Mexico to the United States a thing of the past? At least for the moment, it is. Last May, the Pew Hispanic Center, in a study based on U.S. and Mexican statistics, reported that net migration from Mexico to this country had fallen to zero from 2005 to 2010. Pew said 20,000 more people moved to Mexico from the United States than from there to here in those years. That’s a vivid contrast with the years 1995 to 2000, when net inflow from Mexico was 2.2 million people. Because there was net Mexican immigration until 2007,...
  • Under Obama, Economic Stagnation Is the New Normal

    12/10/2012 7:33:51 AM PST · by SeekAndFind · 5 replies
    RCM ^ | 12/10/2012 | Louis Woodhill
    Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) showed that 5.4 million Americans have dropped out of the labor force since Barack Obama took office. The labor force declined by 350,000 in November, despite an increase of 191,000 in our working age population. The unprecedented decline of labor force participation under President Obama is not news. However, it also appears that millions of brain cells have dropped out of the mental labor force of America's economic analysts. How else can we account for headlines like these? "Jobs report: A pleasant surprise" (Jared Bernstein) "The employment emergency is...
  • Gallup Reports Upper-Income Spending Worst November Ever

    12/10/2012 7:25:08 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | December 10, 2012 | Mike Shedlock
    With the generally upbeat spending reports on black Friday and cyber-Monday, Gallup paints a different point of view in its most recent poll that shows U.S. Consumer Spending Holds Steady, Consistent With 2011Americans' self-reported daily spending averaged $73 in November, essentially on par with September and October. It is also similar to the $71 Americans spent last November and slightly higher compared with November 2010 and 2009 -- but still much lower than in November 2008. November 2012 vs. November Prior Years U.S. Upper-Income Spending Sees Worst November on Record Upper-income Americans' (defined as those making at least $90,000 per...
  • Cyprus Makes Big Concessions for Bailout [De Facto Loss of Sovereignty]

    12/10/2012 7:20:23 AM PST · by DeaconBenjamin · 2 replies
    Spiegel.de ^ | 12/10/2012 | By Christian Reiermann and Markus Dettmer
    Dimitris Christofias had a serious look on his face as he spoke of a "gut-wrenching" decision, but a "necessary evil." The Cypriot president was not giving his people good news. Christofias, in his televised address last Tuesday, reminded viewers of his country's darkest hour, the Turkish invasion of northern Cyprus in 1974. In return for billions of euros, the "troika," made up of the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF), will essentially take control of the Mediterranean island.The Cypriot government and representatives of the troika negotiated for almost five months over the terms...
  • Scarborough: 'Conservatism Is A Racket For A Lot Of People To Get Very, Very Rich'

    12/10/2012 6:43:34 AM PST · by governsleastgovernsbest · 67 replies
    NewsBusters ^ | Mark Finkelstein
    Is it possible to have a principled opposition to raising tax rates to avoid the fiscal cliff? It seems that Joe Scarborough doesn't think so. On today's Morning Joe, Scarborough suggested that those on the "far, far right" in the "conservative entertainment complex" and in the ranks of political consultants who oppose tax rate hikes do so out of base material motives. According to Scarborough, speaking of such "far, far right" tax-increase opponents, "conservatism is a racket for a lot of people to get very, very rich." View the video here.
  • Socialism, Capitalism Top Ten Words

    12/10/2012 6:04:32 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | December 10, 2012 | Charles Payne
    Merriam Webster is out with its top ten words of 2012. Heading the list is a tie between "Socialism" and "Capitalism." Maybe not a surprise that these words would make the list, but I'm somewhat taken aback there would be a tie at the top of the list. Anyone that believes capitalism brought the nation to greatness should be alarmed at the short-term reaction of those that think capitalism brought the nation to the brink. There is a full-fledged war afoot, and maybe those that love capitalism and how it created the road map to the American Dream, are too...
  • As "fiscal cliff" clock ticks, Obama hits the road again

    12/10/2012 5:57:30 AM PST · by Cronos · 19 replies
    CBS ^ | 10.Dec.2012 | CBS
    <p>Although the president has been criticized by Republicans for "campaign style" rallies on the "fiscal cliff," the president today will hit the road when he heads to Michigan to tour Daimler's Detroit Diesel Corporation. The White House said he will talk again about the "fiscal cliff" and, if a deal isn't struck before the end of the year, how devastating it will be to the economy and the middle class. His remarks come on the heels of his weekly address over the weekend where he repeated that he won't budge on letting the Bush-era tax cuts for the wealthy expire.</p>
  • The Flat Tax the U.S. Effectively Already Has

    12/10/2012 5:49:28 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | December 10, 2012 | Political Calculations
    Harvard economist Greg Mankiw offered a unique observation following the release of the findings of a CBO study on the effective marginal tax rates that many Americans really pay on their incomes, after taking into account any government assistance they might receive and the income levels at which their welfare benefits phase out: The Congressional Budget Office has a new study of effective federal marginal tax rates for low and moderate income workers (those below 450 percent of the poverty line). The study looks at the effects of income taxes, payroll taxes, and SNAP (the program formerly known as Food...
  • Meet the Leading Opponent to Obamcare

    12/10/2012 5:24:29 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | December 10, 2012 | Daniel J. Mitchell
    Having dealt with queries about whether I hate Republicans and whether my views have changed on anything, the newest edition of “Question of the Week” asks for my opinion about Senator DeMint moving over to become President of the Heritage Foundation. Variants of this question came from several people, perhaps because folks know that I spent more than 15 years working for Heritage.The short answer is that I think DeMint’s move generally is a good thing.But first, the bad news. It is unfortunate that Senator DeMint no longer will be in the Senate. We need as many “Tea Party” lawmakers...
  • Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months

    12/10/2012 3:57:01 AM PST · by Perdogg · 31 replies
    And we thought last month's delayed foodstamp data was bad. The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7 million Americans are now living in poverty at least according to the USDA. The monthly increase was the highest since May 2011, and with August's 421K new impoverished America, over 1 million Americans made the EBT card their new best friend. It is unclear just which atmospheric phenomenon will get the blame for this unprecedented surge in poverty, which comes at a time when the pre-election economic data...
  • Adams 2016

    12/10/2012 3:22:03 AM PST · by Kaslin · 34 replies
    Townhall.com ^ | December 10, 2012 | Mike Adams
    I'm getting sick and tired of people asking me why I'm running for president in 2016. The answer is that I have to run. The GOP can't run another big government establishment candidate masquerading as a true conservative. So I'm stepping up to the plate. And I'm going to win, largely because my policies will appeal to young people, libertarians, and Reagan Democrats. But that’s enough of the generalities. Here are the twelve specific changes you can expect when I become your 45th president. 1. Passing the 28th Amendment. There is a proposed 28th Amendment floating around the Internet. It...