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Business/Economy (News/Activism)

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  • Obama Fail!

    04/18/2013 3:30:29 PM PDT · by servo1969 · 12 replies
    townhall.com ^ | 4-18-2013 | Neal Boortz
    You know what it comes down to, Barry-0? People don’t trust you. Simple as that. Oh … certainly you do have your supporters. It’s not that NOBODY trusts you .... just most productive Americans above the median IQ. The moochers, leaches and parasites still trust you … they trust you to keep forking over the government checks. When the checks stop coming … when they find that a change of regimes in Washington will necessitate their actually becoming marginally productive again … their fealty to their long-gone here, the great and powerful 0bama, will fade to resentment and scorn. Your...
  • Hobby Lobby Raises Minimum Wage to $14 for Full-Time Employees

    04/18/2013 3:10:41 PM PDT · by SeekAndFind · 9 replies
    Christian Post ^ | 04/18/2013 | By Leonardo Blair
    Arts and crafts giant Hobby Lobby Stores Inc. announced on Monday that effective immediately, the minimum wage for its full-time hourly employees at its stores and affiliate Hemisphere was increased to $14. The hourly wage for part-time employees was also increased to $9.50. In a report on Thursday, founder and CEO of the company David Green said the decision was simply an acknowledgement of the hard work and dedication of his employees. "We are very fortunate to be able to increase hourly wages for our employees, because we know our company would not be successful without the great work they...
  • George Soros, enigmatic financier, liberal philanthropist dies at XX

    04/18/2013 2:55:13 PM PDT · by tje · 57 replies
    Rooters ^ | Thu Apr 18, 2013 5:41pm EDT | Todd Eastham
    Reuters) - George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that made him billions.
  • Singles swing into retirement with little savings

    04/18/2013 1:32:55 PM PDT · by Hojczyk · 33 replies
    Maket Watch ^ | April 18, 2013 | Robert Powell
    If you think it’s hard saving for retirement as a couple, trying doing it as a single. According to a study—described by one expert as the most intriguing of 2012—the amount of money singles in their late 60s have saved up for retirement is dramatically less than that of married-couple households. In fact, the median married household had in 2008 nearly 10 times more saved up for retirement than the median single-person household, $111,600 vs. $12,500. (Savings, for the record, included 401(k)s and IRAs and all taxable savings and investment accounts, but it did not include Social Security, pensions, or...
  • CISPA passes U.S. House: Death of the Fourth Amendment? (Cybersecurity)

    04/18/2013 12:34:57 PM PDT · by illiac · 19 replies
    ZD Net ^ | 4/18/13 | Zack Whittacker
    The controversial Cyber Intelligence Sharing and Protection Act (CISPA) just passed the U.S. House, and will now head to the upper Senate chamber for further deliberation. Rinse and repeat. This isn't the first time this has happened, but it still poses a major threat to Fourth Amendment rights, according to civil liberties campaigners. The bill was passed 288-127 in favor of the bill after two days of debate and discussion on the House floor. Only 18 members of the House abstained from the vote. CISPA will allow private sector firms to search personal and sensitive user data of ordinary U.S....
  • Reid to shelve gun bill (and try again later)

    04/18/2013 12:20:37 PM PDT · by pabianice · 21 replies
    CNN ^ | 4/18/13 | Bash
    (CNN) - Senate Majority Leader Harry Reid said Thursday he'll set aside proposed gun legislation without a final vote following the defeat a day earlier of major provisions sought by President Barack Obama and Democrats in the aftermath of the Newtown school massacre. "(Obama) and I agreed that the best way to keep working towards passing a background check bill is to hit pause, and freeze the background check bill where it is," he said on the Senate floor. "This will allow senators to keep negotiating."A Senate Democratic leadership aide said Reid can bring up the package of gun proposals...
  • Computer scientists design new keyboard layout on touch screen devices (w/ video)

    04/18/2013 10:46:06 AM PDT · by Red Badger · 22 replies
    Phys.Org ^ | 17 April 2013 | Staff / Provided by Max Planck Society
    The research team of Antti Oulasvirta at the Max Planck Institute for Informatics has created a new keyboard called KALQ that enables faster thumb-typing on touchscreen devices. They used computational optimization techniques in conjunction with a model of thumb movement to search among millions of potential layouts before identifying one that yields superior performance. A user study confirmed that, after a short amount of practice, users could type 34% faster than they could with a QWERTY layout. Typing on today's mobile phones and tablets is needlessly slow. One limitation is that the QWERTY layout is ill-suited for tablets and other...
  • How the Media Blew the Gun Control Debate

    04/18/2013 10:36:58 AM PDT · by servo1969 · 21 replies
    breitbart.com/Big-Journalism ^ | 4-18-2013 | John Nolte
    The first mistake the media-complex made was the decision to immediately make the National Rifle Association the "Newtown Bogeyman." This happened even before the bodies had been removed and was an immediate "tell" into the media's motives. This wasn't going to be about protecting children, this was going to be yet-another culture war launched to marginalize the dreaded NRA and hand Obama a win. This was also a media so full of its own power, they simply assumed they could exploit another tragedy into yet-another another Us vs. Them cultural victory. Out of the box, though, the plan was tactically...
  • Supreme Court Curbs Lawsuits Over Foreign Abuses

    04/18/2013 9:42:01 AM PDT · by oxcart · 4 replies
    NPR ^ | 03/18/13 | Nina Totenberg
    The U.S. Supreme Court dealt a blow to human-rights advocates Wednesday, in a case that was closely watched globally by human-rights groups and foreign governments. The court limited the reach of a 224-year-old federal law that in recent decades has been used to hold foreign corporations and individuals accountable in U.S. courts for human-rights abuses abroad. shut down a lawsuit brought by Nigerian citizens now living in the United States who sued Royal Dutch Petroleum, an Anglo-Dutch company, for allegedly aiding Nigerian forces in a violent crackdown in their country. Although the justices unanimously agreed the lawsuit could not go...
  • Sen. Warner: ‘Debt Greater Threat Than Any Terrorist Action’

    04/18/2013 8:55:54 AM PDT · by Olog-hai · 11 replies
    Newsmax ^ | Thursday, 18 Apr 2013 11:24 AM | Courtney Coren
    Just one day after the Boston Marathon bombings, Sen. Mark Warner said fiscal troubles hamstringing the nation are a greater threat to Americans’ well-being than terrorism. “In my mind, with the tragedy of yesterday, the issue of this national debt is a greater threat to our nation and our future than any terrorist action,” the Virginia Democrat told an audience at an awards dinner in Washington Tuesday night, Politico reported. “We will not be destroyed from the outside.” …
  • Obama's Proposed Student Loan Debt Remedy Carries a Hidden Trap

    04/18/2013 8:45:49 AM PDT · by SeekAndFind · 14 replies
    Daily Finance ^ | 04/16/2013 | by Bruce Watson
    America's student loan debt problem is nothing new: For years, the media has been offering up a flood of stories about people facing decades of debt repayment and crushing interest rates. But with tuitions still rising and employment options for college grads still stagnating, America's potential "student loan bubble" is making many experts increasingly jittery. President Obama's recent budget proposal includes a new plan to tackle the problem, but some critics worry that it could leave students in even worse shape. Pay As You Earn, President Obama's first stab at the student loan issue, came late last year. The...
  • After Six Months, Unemployment Turns Into Permanent Unemployment (USA looking like Europe)

    04/18/2013 8:38:48 AM PDT · by SeekAndFind · 8 replies
    Forbes ^ | 04/18/2013 | Tim Worstall
    New research shows that when people have been unemployed for more than six months then employers simply won’t look at them as potential hires. Thus six months of unemployment risks turning into permanent unemployment. This is indeed a problem but one problem with the finding is that it simply isn’t new. It’s been well known over in Europe for decades now. And what it does mean is that the US is going to have to start looking at what Europe has been doing about this very problem. There’s a piece on the new research at the Atlantic and also by...
  • Is Flash Market Crash Coming?

    04/18/2013 8:13:00 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | April 18, 2013 | John Ransom
    If one were to take a look at the technical signals for the market, there are plenty of reasons to be concerned here. The market came close to breaking support levels earlier this week on strong, convincing volume. Currently the market is trading below it’s 20-day moving average at 1552 and need only give up another 11 points before it’s broken its 50-day moving average. Normally that’s a cause for anxious waiting. The news on economic front continues to be worrisome as well. Slowing growth in China, European economic stagnation and mixed earnings here at home are signaling that downward...
  • With Many Positions to Fill, Employers Wait for Perfection

    04/18/2013 6:44:35 AM PDT · by SeekAndFind · 53 replies
    New York Times ^ | 03/06/2013 | By CATHERINE RAMPELL
    American employers have a variety of job vacancies, piles of cash and countless well-qualified candidates. But despite a slowly improving economy, many companies remain reluctant to actually hire, stringing job applicants along for weeks or months before they make a decision. If they ever do. The number of job openings has increased to levels not seen since the height of the financial crisis, but vacancies are staying unfilled much longer than they used to — an average of 23 business days today compared to a low of 15 in mid-2009, according to a new measure of Labor Department data by...
  • Gun Law Voted Down and Liberals Are Upset (Video)(I love this guy.)

    04/18/2013 6:26:21 AM PDT · by servo1969 · 13 replies
    YouTube.com ^ | 4-17-2013 | ET Williams
    ET Williams discusses how Obama shows no emotion when talking about deaths in Benghazi or Sandy Hook but is visibly angry when his gun-control bill gets shot down in the Senate. "Gun Law Voted Down and Liberals Are Upset. Barrack Obama Is Angry Now. Gun Control Advocates are Upset. Michael Bloomberg Is Mad. Joseph Biden is sad. Al Sharpton Is Disappointed. We the people have spoken."
  • US Initial Jobless Claims Rise By 4,000 To 352,000 As Hiring Remains Modest

    04/18/2013 6:24:03 AM PDT · by SeekAndFind · 8 replies
    International Business Times ^ | 04/18/2013 | By Moran Zhang
    The number of Americans filing new claims for jobless benefits rose last week, signaling little improvement in a soft U.S. labor market, though broadly in line with analyst expectations. In the week ended April 13, applications for unemployment insurance payments increased by 4,000 to 352,000, the Labor Department said Thursday. That's the highest level in two months. Economists surveyed by Reuters expected claims to rise to 350,000 from the prior week's upwardly revised figure of 348,000. The four-week moving average, which normally provides a better indication of the underlying trend in labor markets than the weekly number of jobless claims,...
  • Jobless claims rise marginally last week

    04/18/2013 5:53:47 AM PDT · by John W · 14 replies
    Reuters ^ | Reuters
    (Reuters) - The number of Americans filing new claims for unemployment benefits rose slightly last week, which could further allay fears of a major setback in the labor market recovery. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 352,000 the Labor Department said on Thursday. The prior week's number was revised to show 2,000 more applications than previously reported. The four-week moving average for new claims, a better measure of labor market trends, rose 2,750 to 361,250.
  • 'Progressive' Ad Rips Auto Insurance 'Rate Suckers'—So How About Health Insurance?

    04/18/2013 4:48:14 AM PDT · by governsleastgovernsbest · 11 replies
    NewsBusters ^ | Mark Finkelstein
    In the health-care insurance debate, one of the mantras of the left is to condemn those evil, greedy insurance companies that would charge higher rates to people with "pre-existing conditions." But in a commercial aired on last night's Rachel Maddow Show on MSNBC, there was "Progressive Insurance," whose chairman Peter Lewis is a huge donor to liberal causes including Moveon.org, condemning as "rate suckers" people with bad driving records who drive up good drivers' rates! View the video here.
  • Harry Reid wants online sales tax on Senate floor (wants to bypass Baucus)

    04/18/2013 4:01:45 AM PDT · by Perdogg · 30 replies
    A state online sales tax fix may leapfrog its way right to the Senate floor. Majority Leader Harry Reid began the process late Tuesday that would allow the bill, known as the Marketplace Fairness Act, to come before the full chamber without first going through the Senate Finance Committee — whose leaders largely dislike the proposal.
  • Daily investment & finance & thread (4-18-13 edition)

    04/18/2013 1:45:33 AM PDT · by dennisw · 45 replies
    4-18-13
    Daily investment & finance & thread (4-18-13 edition) ----  Freepers lets make some cash Trying to focus on the markets for today and each day and the economic news This is where you can impart some investment wisdom to your fellow freepers.  You can vent about the big one that got away.  How Obama is out to wreck American capitalism.If you see another FR economic thread you like and want to link to it here, please do Post your favorite economic site links. Your favorite economic blogs and precious metals blogs and sitesApmex.com is a solid place with good reputation...
  • Promises, promises: Obama’s IOUs start coming due

    04/18/2013 1:43:27 AM PDT · by Olog-hai · 48 replies
    Associated Press ^ | Apr 18, 2013 3:10 AM EDT | Calvin Woodward
    Presidential campaigns are long in the making, quick to be forgotten. But one part of them lives on for years: the victor’s promises. President Barack Obama paved his path to re-election with fewer promises than in 2008. The ones he did lay down, though, are meaty, legacy-shaping for him and consequential to ordinary lives today and for generations to come, for better or worse. They also are extraordinarily difficult to achieve in a time of gridlock grief and budgets that are tight when they are not paralyzed. … Whatever a candidate’s promises, legacies are made by how a president manages...
  • Russia to sell Red China Su-35, Lada-class subs

    04/17/2013 9:57:00 PM PDT · by bruinbirdman · 12 replies
    AFPC China Reform Monitor ^ | 4/16/2013 | Joshua Eisenman, ed.
    After months of fierce negotiations prior to President Xi Jinping’s Moscow visit (March 22-24) China and Russian signed an agreement on supplying 24 Russian Su-35 fighter jets to China and for the joint construction of four Lada-class diesel submarines. The purchases are China’s most significant from Russia in the past 10 years, the Interfax news agency reports, and are intended to provide a basis for future bilateral military cooperation. [Editor’s Note: Su-35 is Russia’s most advanced 4th generation multipurpose fighter jet. The Lada-class submarine specializes in anti-submarine defense and conducting independent missions against enemy subs and ships in coastal, narrow...
  • CISPA vote means companies can't promise to protect privacy

    04/17/2013 8:21:00 PM PDT · by BlueStateMadness · 2 replies
    CNET ^ | April 16, 2013 5:21 PM PDT | Declan McCullagh
    Proposed amendment to CISPA says Internet companies' promises to protect customer privacy were legally enforceable. But then Republicans vote it down.
  • Ex-IRS Agent Sentenced to Prison in Murder-for-Hire Plot

    04/17/2013 6:25:48 PM PDT · by DogByte6RER · 4 replies
    Los Angeles Times ^ | April 13, 2013 | Tony Perry
    Ex-IRS agent sentenced to prison in murder-for-hire plot A former IRS agent who opened a tax preparation business was sentenced Friday to nearly 24 years in prison for defrauding clients out of more than $11 million and then attempting to hire a hit man to kill four of them. Steven Martinez, 51, of Ramona was sentenced in San Diego federal court to 286 months in prison and five years of supervised release. He was also ordered by District Court Judge William Hayes to forfeit all the property, including a home in Mexico, and other possessions that he purchased with clients'...
  • Bloomberg: If You Sell a Gun to Your Son, 'There's Something Wrong in Your Family'

    04/17/2013 6:14:28 PM PDT · by Tolerance Sucks Rocks · 48 replies
    CNSNews.com ^ | April 15, 2013 | Elizabeth Harrington
    (CNSNews.com) – If you sell a gun to your son, “there’s something wrong with your family," says New York City Mayor Michael Bloomberg. In a radio appearance on Friday, Bloomberg, a gun control activist and co-chair of Mayors Against Illegal Guns, praised the legislation that is now moving forward in the Senate. The bill would require universal background checks for most sales of firearms, including those online and at gun shows. “The only thing it would not cover is if you sold a gun to your son, for example,” Bloomberg told radio host John Gambling. “Number one, I don't know...
  • The End of Full-Time Work in the American Retail Service Sector

    04/17/2013 5:53:15 PM PDT · by lowbridge · 21 replies
    http://www.forbes.com ^ | april 17, 2013 | Warren Meyer
    I don’t generally publish end-of-year predictions, mainly because I usually am wrong (a failing that does not seem to prevent any number of others from doing so, however). But last year I made an exception when I predicted that the biggest economic story of 2013 would be the death of the full-time job in the American retail service sector. But this was not really an exception to my rule about predictions, because this was not really a prediction at all, at least in the sense that a “prediction” is an educated guess of some future uncertain event occurring. Late last...
  • Failed Emissions Trading Reform: 'The End of a European Climate Policy'

    04/17/2013 5:52:46 PM PDT · by Ernest_at_the_Beach · 7 replies
    Spiege ^ | April 17, 2013 – 12:38 PM | Interview conducted by Christian Teevs
    DPA Much of Germany's energy supply still comes from burning brown coal. Europe's once celebrated cap-and-trade system to limit carbon emissions has languished. The economic crisis has caused the price of emissions licenses to plummet, and a recent remedy to the problem has been rejected by EU lawmakers. Climate policy expert Felix Matthes tells SPIEGEL ONLINE that an opportunity has been squandered. The European Parliament on Tuesday voted down a proposal to make it more expensive for companies to burn fossil fuels, in what environmental advocates are calling a major setback in the fight against climate change.
  • Fed and Bank of Japan caused gold crash

    04/17/2013 4:54:14 PM PDT · by bruinbirdman · 11 replies
    The Telegraph ^ | 4/17/2013 | Ambrose Evans-Pritchard
    Commodity prices have been falling since September, culminating in a rout over the past two weeks. That is a classic warning for the global economy. It is becoming ever clearer that the roaring boom in global equities since last summer has priced in an economic recovery that does not in fact exist. The International Monetary Fund has had to nurse down its global growth forecasts yet again. We are still stuck in an old-fashioned trade depression, with pervasive over-capacity in manufacturing plant and a record global savings rate of 25pc of GDP. German car sales fell 17pc in March. That...
  • Senate Defeats Obama-Schumer-Feinstein-Toomey-Manchin Gun-grab

    04/17/2013 3:24:30 PM PDT · by pabianice · 24 replies
    NRA ILA Alerts ^ | 4/17/13 | Cox
    Statement from Chris W. Cox on U.S. Senate Defeat of Manchin-Toomey-Schumer Amendment Today, the misguided Manchin-Toomey-Schumer proposal failed in the U.S. Senate. This amendment would have criminalized certain private transfers of firearms between honest citizens, requiring lifelong friends, neighbors and some family members to get federal government permission to exercise a fundamental right or face prosecution. As we have noted previously, expanding background checks, at gun shows or elsewhere, will not reduce violent crime or keep our kids safe in their schools. The NRA will continue to work with Republicans and Democrats who are committed to protecting our children in...
  • Did Harvard Economists Make an Excel Error that Led to Economic Austerity?

    04/17/2013 2:40:34 PM PDT · by SeekAndFind · 10 replies
    Yahoo Finance ^ | 04/17/2013 | By Lauren Lyster | Daily Ticker
    Austerity has become almost like a four-letter word in some circles. It’s used to describe policies meant to reduce government spending and debt that may be painful in the here and now -- measures such as cuts to social services, or that lead to job losses in the short-term. A key piece of empirical research policymakers have used to justify “austerity measures” has been a 2010 study by two Harvard economists, Carmen M. Reinhart and Kenneth Rogoff, about the downside of high debt. Well now another set of academics at University of Massachusetts at Amherst have replicated the study. They...
  • Al:Gun sale nets a total of $98,700 for 3 agencies

    04/17/2013 1:09:18 PM PDT · by marktwain · 11 replies
    dailyhome.com ^ | 17 April, 2013 | Chris Norwood
    TALLADEGA — Nearly 1,000 guns seized by Talladega police, Talladega County Sheriff’s Office and the Talladega County Drug and Violent Crime Task Force were auctioned off to federally licensed gun dealers Tuesday afternoon. According to Talladega Police Chief Alan Watson, the sale netted a total of $98,700, which will be divided between the three agencies based on who had seized the weapons in question. According to auctioneer Johnny Vetra, 30 to 40 dealers from Alabama, Georgia and Kentucky came to look at the weapons, which ranged from a flint-lock pistol to .50 caliber Desert Eagle pistol that frequently retails for...
  • Federal Reserve 'Beige Book' says economy on fairly steady ground

    04/17/2013 12:45:46 PM PDT · by John W · 15 replies
    AP ^ | The Associated Press
    WASHINGTON (AP) — A strengthening housing recovery and robust auto sales contributed to moderate growth across the United States in late February and March, according to a Federal Reserve survey released Wednesday. All of the Fed's 12 banking districts grew moderately and growth accelerated in two districts — New York and Dallas — from January and early February. The survey suggests the economy performed better in March than recent government data on hiring and consumer spending indicated. That could mean the weakness may be temporary.
  • Baucus warns of 'huge train wreck' enacting ObamaCare provisions [hypocrite helped create it]

    04/17/2013 11:12:34 AM PDT · by grundle · 37 replies
    The Hill ^ | April 17, 2013 | Sam Baker
    en. Max Baucus (D-Mont.) said Wednesday he fears a "train wreck" as the Obama administration implements its signature healthcare law. Baucus, the chairman of the powerful Finance Committee and a key architect of the healthcare law, said he fears people do not understand how the law will work. "I just see a huge train wreck coming down," Baucus told Health and Human Services Secretary Kathleen Sebelius at a Wednesday hearing. "You and I have discussed this many times, and I don't see any results yet." "Small businesses have no idea what to do, what to expect," Baucus said. Citing anecdotal...
  • Bank of America Struggles for Growth (Shares fall and drags rest of stock market with it)

    04/17/2013 9:25:57 AM PDT · by SeekAndFind · 18 replies
    Wall Street Journal ^ | 04/17/2013 | By SHAYNDI RAICE, SAABIRA CHAUDHURI and MATTHIAS RIEKER
    Bank of America Corp. BAC shares dropped Wednesday after first-quarter results fell short of expectations and showed the financial giant was struggling to boost growth in its core lending business. Revenue dropped 8.4% when an accounting charge related to the bank's debt was excluded. First-quarter profit of 20 cents a share was up strongly from a year earlier but came in two cents short of Wall Street's expectations. The results show that despite the bank's efforts to shrink its size and balance sheet, growth remains elusive amid low interest rates and intensified government regulation. Battle of the Banks It's that...
  • 'Lacking Demand': Apple Skids to One-Year Low

    04/17/2013 9:10:39 AM PDT · by jwsea55 · 28 replies
    CNBC Yahoo ^ | April 17, 2013 | JeeYeon Park
    Apple (AAPL) tumbled to its lowest level in over a year as investors continued to dump shares of the tech company amid worries over second-quarter iPad mini shipments. The once-darling tech giant of Wall Street shed more than 3 percent Wednesday, falling to its lowest level since last January, following a report from DigiTimes that iPad mini shipments could fall 20 to 30 percent quarter-over-quarter to 10 to 12 million in the June quarter due to "lacking demand in the market." "We continue to see risks to [Apple's] consensus estimates, primarily with respect to the June quarter," wrote Edward Parker...
  • Denver Public Schools fixing out remainder of controversial 2008 debt deal (Michael Bennet)

    04/17/2013 8:28:40 AM PDT · by george76 · 4 replies
    Denver Business Journal ^ | : Apr 6, 2013 | Heather Draper
    Denver Public Schools has quietly put the rest of its controversial variable-rate bonds with swaps on the market to sell as fixed-rate debt. Five years after issuing a 30-year, $750 million school pension bond that turned into a financial quagmire for the district, DPS is selling $519.8 million in fixed-rate, refunding certificates of participation (COPs), set to price during the week of April 15, according to an announcement Friday from Fitch Ratings. ... DPS "fixed out" — or issued debt at a fixed interest rate — half of the original $750 million in debt in 2011, and paid nearly $42...
  • U.S. stocks hit by Bank of America, Yahoo results

    04/17/2013 7:54:41 AM PDT · by John W · 7 replies
    marketwatch.com ^ | April 17, 2013 | Kate Gibson
    NEW YORK (MarketWatch) — U.S. stocks fell hard on Wednesday, retreating after the prior day’s rally amid disappointing results from companies including Bank of America Corp. B. of A. shares slid 4.1% after the lender reported first-quarter earnings below Wall Street’s estimates as its mortgage business weighed. Caterpillar Inc.was down 2.4% after Macquarie downgraded the construction-equipment maker to neutral from outperform. At 2 p.m. Eastern, the Federal Reserve will release its Beige Book, which offers an economic analysis of its 12 districts.
  • Torturing English To Avoid Saying ‘Saudi’

    04/17/2013 7:52:28 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | April 17, 2013 | John Ransom
    A suspect-who-shall-not-be-named-a-suspect is not now in custody. The non-suspect is just sitting around a hospital, or some other undisclosed location, under heavy guard, being fully cooperative with law enforcement officials, who paid testament to his cooperation by raiding his apartment and taking away bags of material. But newspapers with strong ties either to the Least coast or the Left coast want to emphasize to you that there are NO SUSPECTS in “custody.” Nor is there a connection between the suspect-who-shall-not-be-named-a-suspect and his raided apartment-that-shall-not-be-named-his-apartment.  There is only a Saudi national with his favored visa status, who is fully cooperative, and...
  • Roofers union urges Obamacare repeal (Is this going to be the first of many?)

    04/17/2013 7:09:37 AM PDT · by SeekAndFind · 11 replies
    American Thinker ^ | 04/17/2013 | Rick Moran
    Let's hope this is a trend. Washington Examiner: The United Union of Roofers, Waterproofers and Allied Workers is reportedly the first union to officially call for repeal of the Affordable Care Act, aka Obamacare. The health care law is prompting some serious buyer's remorse in Big Labor, which worked hard on behalf of the administration to pass it: Here are some excerpts from the union's statement: ______________________________ "Our Union and its members have supported President Obama and his Administration for both of his terms in office. But regrettably, our concerns over certain provisions in the ACA have not been addressed,...
  • Speaking of Money (Gold Is Constant, Only Dollar Changes In 'Value' )

    04/17/2013 6:38:35 AM PDT · by SeekAndFind · 13 replies
    New York Sun ^ | 04/17/2013
    Let us pause, amid all the monetary turmoil, to reason out the way we talk about gold — particularly all these confounded references to its “value.” This struck us while reading a dispatch of Reuters saying that “every time the price of gold falls by $100 an ounce, as it did on Friday and it has done again today, the value of the world’s gold falls by more than $500 billion.” Reuters is hardly the only offender. ABC news notes that “for years the value of gold soared to fresh highs as its boosters fretted over the risk of hyper-inflation.”...
  • Price Versus Cost

    04/17/2013 6:33:49 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | April 17, 2013 | Walter E. Williams
    Suppose you buy a gallon of gas for $3. How much did it cost you? You say, "Williams, that's a silly question. It cost $3." That's where you're mistaken, because there's a difference between price and cost. To prove that price and cost are not the same, consider the following. Suppose you live and work in New York City and routinely pay $15 for a haircut. Imagine you were told that there's a barber in Boise, Idaho, who can give you the identical haircut for just $5. Would you start going to the Boise barber? I'm betting you'd answer...
  • 'The End of a European Climate Policy'

    04/17/2013 5:23:37 AM PDT · by DeaconBenjamin · 6 replies
    The European Commission proposed increasing the price per ton of emitted carbon dioxide that companies must pay under the bloc's Emissions Trading System (ETS). EU lawmakers narrowly rejected the bill 334 to 315. The ETS was initially lauded by environmental advocates as the world's most ambitious effort to combat climate change. The number of certificates granting permission to emit carbon dioxide is capped, and companies can trade those certificates on the open market, giving economic incentive to invest in cleaner energy. However Europe's economic slump has caused the price of the emission certificates to drop dramatically. The European Commission's plan...
  • Daily investment & finance & thread (4-17-13 edition)

    04/17/2013 5:23:03 AM PDT · by dennisw · 8 replies
    4-17-13
    Daily investment & finance & thread (4-17-13 edition) ----  Freepers lets make some cash Trying to focus on the markets for today and each day and the economic news This is where you can impart some investment wisdom to your fellow freepers.  You can vent about the big one that got away.  How Obama is out to wreck American capitalism.If you see another FR economic thread you like and want to link to it here, please do Post your favorite economic site links. Your favorite economic blogs and precious metals blogs and sitesApmex.com is a solid place with good reputation...
  • ObamaCare Taxes Will Increasingly Bite Middle Class

    04/17/2013 4:46:11 AM PDT · by IBD editorial writer · 24 replies
    Investor's Business Daily ^ | 04/16/2013 | John Merline
    When President Obama was selling his signature health care reform bill back in early 2010, he described it as the "largest middle-class tax cut for health care in history." The costs would be largely paid by taxing insurance companies "that stand to gain a lot of money and a lot of profits" and by making "sure that the wealthiest Americans pay their fair share on Medicare." [snip] But a closer examination finds that ObamaCare's three biggest taxes — a Medicare surcharge, the so-called Cadillac tax and an insurance premium fee — will increasingly hit the middle class because of how...
  • The Signal and the Silence: When is prediction useful—and when is it dangerous?

    04/16/2013 11:01:46 PM PDT · by neverdem · 14 replies
    City Journal ^ | Spring 2013 | ADAM WHITE
    Ever since leading the Boston Red Sox to victory in the 2007 World Series, Josh Beckett had been a mainstay of the teamÂ’s pitching rotation. But when he hobbled off the mound with an ankle injury on September 5, 2011, the Red Sox faithful took the news in stride. After all, their team was the hottest in baseball. The previous winter, the Sox had acquired two of the sportÂ’s most sought-after players, outfielder Carl Crawford and first baseman Adrian Gonzalez. The acquisitions led the Boston Herald to declare the team the TOP SOX SQUAD OF ALL TIME before it had...
  • Fearing abuse, FDA blocks generic OxyContin

    04/16/2013 9:31:11 PM PDT · by Olog-hai · 36 replies
    Associated Press ^ | Apr 16, 2013 7:25 PM EDT | Matthew Perrone
    Federal health regulators will require generic versions of the best-selling painkiller OxyContin to include recent formulation changes designed to make the pill harder to abuse. The Food and Drug Administration said late Tuesday it would not approve any generic versions of OxyContin based on the original formulation because it “poses an increased potential for certain types of abuse.” … OxyContin has long been one the nation’s top-selling prescription painkillers with sales of more than $2.8 billion last year, according to prescription tracker IMS Health. A time-release version of the narcotic oxycodone, the pill was hailed as a breakthrough treatment for...
  • Lolo requests face-to-face about NOAA proposal (American Samoa)

    04/16/2013 8:40:43 PM PDT · by coconutt2000 · 3 replies
    Samoa News ^ | 4/16/2013 | Fili Sagapolutele
    Gov. Lolo Matalasi Moliga has raised objections with the federal government over a proposal that would list as threatened and endangered certain coral species found in the waters of American Samoa. He has also called for a face-to-face meeting with federal officials involved in this proposed action prior to making any final decision. According to the federal portal [www.regulations.gov], Apr. 6 was the last day to accept comments on the proposal. The governor's objections and his call for a meeting were outlined in a letter late last month to Rebecca Blank, the acting secretary for the U.S. Department of Commerce,...
  • Cerberus founder explores bid for Bushmaster gunmaker

    04/16/2013 8:20:41 PM PDT · by jwsea55 · 10 replies
    Reuters / Yahoo Finance ^ | april 16, 2013 | Olivia Oran, Greg Roumeliotis and Martinne Geller
    (Reuters) - Private equity mogul Stephen Feinberg is exploring a bid for Freedom Group, the Bushmaster rifle manufacturer that his firm, Cerberus Capital Management LP, put up for sale after one of its guns was used in a Connecticut school shooting late last year, three people familiar with the situation said on Tuesday. Feinberg, along with other senior Cerberus partners, is putting together a consortium to make a "stalking horse" offer, or the floor bid, for Freedom Group, the sources said. Feinberg has approached other wealthy individuals to join his group, the people said, who declined to be named because...
  • San Francisco’s Black Talon Ban Comes a Little Too Late (Ammo Discontinued 20 Years Ago)

    04/16/2013 7:03:10 PM PDT · by DogByte6RER · 27 replies
    Guns.com ^ | 4/16/13 | Max Slowik
    San Francisco’s Black Talon Ban Comes a Little Too Late In the massive surge to draft new gun control legislation across the nation, you could be forgiven for not noticing the local San Francisco push to ban hollowpoint ammo. Specifically, the new law bans Winchester Black Talons. This is interesting if for only the fact that Winchester hasn’t made Black Talon ammunition for two decades. Why ban the sale of practically nonexistent ammo? California’s history of shooting sprees is at the heart of the issue. Following the 101 California Street shooting, where Gian Luigi Ferri used a blend of ammo,...
  • Switzerland to defy EU tax transparency

    04/16/2013 6:18:20 PM PDT · by Olog-hai · 4 replies
    EU Observer ^ | 15.04.13 @ 09:30 | Benjamin Fox
    Switzerland should reject EU plans for mandatory information exchange on bank accounts, the country’s President has said. His statements comes amid new momentum in the EU to establish a system of automatic exchange of information among its member states and with other countries. In particular, it is anxious to agree a bilateral deal with Switzerland, one of the world’s largest tax havens. Speaking over the weekend to the La Matin Dimanche journal, the Swiss head of state, Ueli Maurer, said that the EU’s stance was “a dangerous moment for the country.” He added that the country’s status outside the EU...