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Business/Economy (News/Activism)

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  • 75-Year-Old Soybean Planter Loses Against Monsanto In Supreme Court

    05/13/2013 11:00:31 AM PDT · by blam · 44 replies
    TBI ^ | Agence France Presse
    <p>The US Supreme Court ruled in favor of Monsanto Monday over an Indiana farmer accused of having pirated the genetically-modified crops developed by the agribusiness giant.</p> <p>The high court was unanimous in its decision, ruling that laws limiting patents do "not permit a farmer to reproduce patented seeds through planting and harvesting without the patent holder's permission."</p>
  • The Fiscal Cost of Unlawful Immigrants and Amnesty to the U.S. Taxpayer

    05/13/2013 10:15:41 AM PDT · by ek_hornbeck · 12 replies
    Heritage Foundation ^ | May 6, 2013 | Robert Rector and Jason Richwine
    Executive Summary Unlawful immigration and amnesty for current unlawful immigrants can pose large fiscal costs for U.S. taxpayers. Government provides four types of benefits and services that are relevant to this issue: Direct benefits. These include Social Security, Medicare, unemployment insurance, and workers’ compensation.Means-tested welfare benefits. There are over 80 of these programs which, at a cost of nearly $900 billion per year, provide cash, food, housing, medical, and other services to roughly 100 million low-income Americans. Major programs include Medicaid, food stamps, the refundable Earned Income Tax Credit, public housing, Supplemental Security Income, and Temporary Assistance for Needy Families.Public...
  • Wall Street is back

    05/13/2013 10:11:18 AM PDT · by 1rudeboy · 59 replies
    The Economist ^ | May 11, 2013
    American investment banks dominate global finance once more. That’s not necessarily good for America FOR a few tense weeks in 2008, as investment-bank executives huddled behind the imposing doors of the New York Federal Reserve, Wall Street seemed to be collapsing around them. Lehman Brothers filed for bankruptcy, Merrill Lynch collapsed into the arms of Bank of America. American International Group (AIG) and Citigroup had to be bailed out and the rot seemed to be spreading. Hank Paulson, the treasury secretary at the time, recalled in his memoir that: “Lose Morgan Stanley and Goldman Sachs would be next in line—if...
  • Turkey’s Erdogan to air policy differences with Obama

    05/13/2013 9:56:02 AM PDT · by haffast · 1 replies
    The Washington Post ^ | Monday, May 13, 6:25 AM | Kevin Sullivan
    ANKARA, Turkey — Turkish Prime Minister Recep Tayyip Erdogan, a critical U.S. ally in the Muslim world, is struggling with the crisis in Syria, which has strained his country’s fast-growing economy, swamped it with hundreds of thousands of refugees and created unusually public friction with Washington. The urgency of Erdogan’s concerns over Syria was underscored by Saturday’s car bombings that killed 46 people in the Turkish border town of Reyhanli, where thousands of Syrian refugees have taken shelter. Erdogan’s government blamed the blasts on the government of Syrian President Bashar al-Assad — an allegation that Syrian officials quickly denied. snip
  • Turkish and Chinese companies ink $2.4 billion coal-based power plant deal

    05/13/2013 9:34:53 AM PDT · by haffast · 2 replies
    Hürriyet Daily News ^ | 11 May 2013 | Hürriyet Daily News
    Turkish Hattat Holding and China-based Harbin Electric International signed a deal to build a coal-based power plant in northwestern Turkey on May 10. The plant is planned to have a capacity of 2,640 megawatts (MW) in total. Around $2.4 billion will be invested in the project, Hattat Holding Chairman Mehmet Hattat said at the signature ceremony. Hattat Holding had been in talks with a number of Chinese, South Korean and Westerns firm to build a new coal-fired thermal power plant in the region for a while. The Harbin Electric International Project Director expressed his satisfaction with the deal. “We produce...
  • EDITORIAL: Assault on the First Amendment

    05/13/2013 9:26:37 AM PDT · by jazusamo · 12 replies
    The Washington Times ^ | May 13, 2013 | Editorial
    Joe Biden endorses a tax on blood and goreTaking legal advice from Joe Biden is dangerous, like taking his tips on home defense. The vice president who urges the ladies to deal with intruders by firing a shotgun at the dark now says there’s no “legal problem” with imposing a violence tax on movies and video games. Mr. Biden endorsed the idea, proposed by the Rev. Franklin Graham at a White House meeting to plot strategy for enacting the president’s gun legislation. A sin tax would be imposed on video games such as “Call of Duty” and movies such “Django...
  • ‘Turkey closer to energy agreement with Israel’

    05/13/2013 9:01:58 AM PDT · by haffast · 6 replies
    Turkey is closer to coming to an agreement over joint energy projects with Israel, according to a report on Friday in the Turkish daily Today’s Zaman. The recent natural gas discoveries off Israel’s coast led to a discussion over how to best transfer the gas to Europe. The paper quotes top Turkish officials as stating they are moving to be in favor of “extensive cooperation” with Israel and Cyprus. Turkish President Abdullah Gul and Energy Minister Taner Yildiz were said to have discussed the issue on Friday at an energy conference in Istanbul. Gul said at the conference that Turkey...
  • After a decade of decline, it’s time for the dollar to have its day

    05/13/2013 9:01:15 AM PDT · by SeekAndFind · 8 replies
    The Telegraph ^ | 05/13/2013 | By Tom Stevenson
    Everyone knows that a weak yen is good for Japan’s big exporters like Toyota. Plot a chart of the exchange rate and the car-maker’s share price and the lines are barely distinguishable, so great is the correlation between the two. What’s more interesting to me is whether the flip side of this trade, dollar strength, is more than a short-term blip. The dollar has been falling against a basket of other currencies for 10 years now. If that process has run its course and the dollar is stabilising or even set to appreciate again, that could have big implications for...
  • Monsanto Wins Case on Genetically Altered Soybeans

    05/13/2013 8:50:24 AM PDT · by Theoria · 62 replies
    The New York Times ^ | 13 May 2013 | Adam Liptak
    <p>The Supreme Court unanimously ruled on Monday that farmers may not use Monsanto’s patented genetically altered soybeans to create new seeds without paying the company a fee.</p> <p>The ruling has implications for many aspects of modern agriculture and for businesses based on vaccines, cell lines and software. But Justice Elena Kagan, writing for the court, emphasized that the justices meant for the decision to be narrow.</p>
  • Daily investment & finance thread (5-13-13 edition)

    05/13/2013 5:44:08 AM PDT · by dennisw · 13 replies
    5-13-13
    Daily investment & finance thread (5-13-13 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 complain 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 to...
  • Incurable Disease Threatens US Citrus Crop

    05/13/2013 4:40:51 AM PDT · by SoFloFreeper · 21 replies
    Yahoo ^ | 5/12/13
    Florida's $9 billion orange crop, the largest in the world after Brazil's, may not survive an incurable disease that threatens to wipe out citrus groves throughout the United States. The disease, known as "citrus greening" or huanglongbing, is caused by a bacterium, Candidatus Liberibacter asiaticus. The bacteria are spread from tree to tree by a tiny insect called the Asian citrus psyllid, The New York Times reports...
  • Dems Shoot Themselves in the Foot Again On Guns

    05/13/2013 2:26:45 AM PDT · by servo1969 · 26 replies
    townhall.com ^ | 5-13-2013 | Kurt Schlichter
    Despite suffering the most humiliating rejection of his presidency, President Obama and the liberal establishment are determined to revive their failed gun control scheme. That’s a good thing. The Republicans should remember Napoleon’s warning that you should never interrupt an enemy when he is making a mistake. This mistake will cost the Democrats dearly in 2014. We need to understand that the motivation behind the gun grabbing campaign has always been more than just naked political calculation. Certainly, liberals think it will help motivate their base and maybe shore up the squishy suburban mom demographic for 2014, but this is...
  • The Broken President’s Broken Politics

    05/13/2013 1:51:00 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | May 13, 2013 | John Ransom
    Being president was always easy for Barack Obama. That is, it was easy up until the time he actually was elected president. Then things got a little tougher. In part, Obama’s troubles stem from the rigidity of his broken ideas. They admit of no compromise. Consequently, he has subsumed his whole personality into an unworkable ideology that was dead outside of academia- and news rooms- until he resurrected it. It’s the idea that a benign government of technocrats and academics can engineer near perfect justice at the trivial cost of liberty to most.  His life and presidency can only be understood...
  • Barbara Walters: Groundbreaking TV journalist is set to retire

    05/12/2013 10:06:43 PM PDT · by Zakeet · 25 replies
    LA Times ^ | May 12, 2013 | Yvonne Villarreal
    Barbara Walters is saying goodbye to TV journalism. After more than half a century in the industry, the veteran ABC News anchor plans to retire next summer, an ABC spokesperson confirmed to The Times on Sunday night. Walters, 83, is set to make it official Monday morning on “The View.” And the network plans to make good use of her while it can. The legendary TV personality will continue to anchor and report for ABC as well as continue to appear on “The View” and anchor specials throughout the year.
  • Whoever Said The (Shale) World Was Sane? (California vs. Texas)

    05/12/2013 9:02:09 PM PDT · by 2ndDivisionVet · 17 replies
    Forbes ^ | May 8, 2013 | David Blackmon
    Following up on last week’s piece detailing the reasons why the Shale oil and natural gas boom has taken place in Texas, but not in other states like California and New York, we’ve seen quite a bit of interesting, related news pieces over the last several days. On Monday, the Wall Street Journal published a very informative op/ed in its Review & Outlook section, titled “A Tale of Two Oil States”, which made more detailed comparisons between the economic performance between Texas and California, and the ways in which each state’s policy decisions related to shale development have affected that...
  • What lies beneath: The Gulf kingdom’s untapped energy

    05/12/2013 7:21:58 PM PDT · by BenLurkin · 20 replies
    WSJ ^ | Wednesday April 3rd, 2013 | Simon Hall
    Saudi Arabia signaled that it intends to remain a world energy powerhouse for the foreseeable future, partly by exploiting new technology which has unlocked vast quantities of oil and natural gas in North America. ... “We have rough estimates of 600 trillion cubic feet of unconventional shale gas. The potential is very huge and we plan to exploit it,” he said during a Credit Suisse conference. Mr. al-Naimi didn’t say how quickly Saudi Arabia might begin commercial production of shale gas or shale oil, or describe how it will supply the large amounts of water used in hydraulic fracturing or...
  • Gag order: Liberal activists, unable to win the argument against Rush, try to silence him instead

    05/12/2013 5:52:54 PM PDT · by 2ndDivisionVet · 53 replies
    The New York Post ^ | May 11, 2013 | Kyle Smith
    “Decent folks who believe in tolerance and equality are no longer powerless against Limbaugh’s efforts to spread intolerance on the radio. StopRush is making a major impact by convincing advertisers on this show to withdraw their ads — and with your help we can do even more. Just a few e-mails, tweets or Facebook messages a week to Limbaugh’s advertisers can go a long way toward making hatred less profitable. It is our collective voice that makes us strong.” — DailyKos.com, promoting the “StopRush” campaign. Absolutely right! If you believe in tolerance and equality, the thing you really need to...
  • Obama expands reading program – in Kenya

    05/12/2013 5:13:25 PM PDT · by Steve Peacock · 21 replies
    WND ^ | May 12, 2013 | Steve Peacock
    Corruption determined to not be an obstacle to taxpayer moneyMillions of children will be targeted to improve their reading skills over the next five years under a new Obama administration literacy program in nearly 30,000 public and private primary schools. But the schools are not in the U.S., they’re in the Republic of Kenya. The tentatively titled Kenya Early Grade Reading Project, or KEGRP, seeks to implement national curriculum standards, deploy more than 1,000 trainers to assist tens of thousands teachers and improve the ratio of textbooks to students. The Obama administration didn’t reveal the cost of the program.
  • Is Government Regulation of Gardens Next?

    05/12/2013 5:00:02 PM PDT · by Tolerance Sucks Rocks · 84 replies
    Political Outcast ^ | May 11, 2013 | Dave Jolly
    How many of you have flower or vegetable gardens at your home? I know many people are growing their own herbs to use for cooking as well as indoor and outdoor vegetable gardens. Others have flowers in pots, window boxes, hanging baskets, in flower beds and outdoor gardens.My wife and I have a number of vegetables and fruit growing outside which include apples (2 varieties), beans (purple and wax), broccoli, Brussels sprouts, cantaloupes, carrots, cherries, cucumbers (bush), grapes (5 varieties), onions (red), peas (green and snap), potatoes (3 varieties), sage, radishes, tomatoes (6 varieties), and watermelons (3 varieties). We also...
  • Obama Wants Millennials to Love Big Government - These days, millennials are growing less gullible.

    05/12/2013 3:06:12 PM PDT · by neverdem · 31 replies
    Reason ^ | May. 7, 2013 | Gene Healy
    I couldn't help thinking that Obama and his speechwriters were responding to what they'd read in the New York Times a week before. In "For Millennials, a Tide of Cynicism," the Times reported new polling data from Harvard's Institute of Politics suggesting that Americans under the age of 30, "who turned out in droves to elect Mr. Obama in 2008, are increasingly turned off by politics. Experts fear their cynicism may become permanent." If so, that's pretty good news, because those mysterious "voices" are on to something. In 2007, candidate Obama even told a group of supporters: "One of the...
  • The Scheme to Make America Fat - Can Americans become thinner?

    05/12/2013 2:37:18 PM PDT · by neverdem · 121 replies
    American Spectator ^ | 5.10.13 | MARTA H. MOSSBURG
    In the 2008 Pixar movie WALL.E, humans so clogged up the earth with garbage they had to move to spaceships. Motorized chairs ferried the obese blobs portraying people of the future, who sipped liquids from massive cups and sat mesmerized by video screens. It was both funny and scary in its assessment of America’s throw-away, fast-food culture where convenience is everything and self-control and direction outsourced to technology. At the time of the movie it was part of an emerging chorus of voices decrying Americans’ growing girth. Five years later it is almost impossible to go a day without seeing...
  • Symptoms Don't Lie

    05/12/2013 2:13:17 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | May 12, 2013 | Peter Schiff
    A good doctor will not simply make a diagnosis based on measurements. The symptoms and complaints expressed by the patient are at least as important in making a determination as the data provided by diagnostic tools. When the data says one thing and the symptoms continuously say another, it makes sense to question the reliability of the instruments. This would be particularly true if the instruments are furnished by a party with a stake in a favorable diagnosis, say an insurance company on the hook for treatment costs. The same holds true for the U.S. economy. Although our government-supplied data...
  • Chris Hayes' 'Easy' Solution To Poverty: Give People Money!

    05/12/2013 11:13:18 AM PDT · by governsleastgovernsbest · 47 replies
    NewsBusters ^ | Mark Finkelstein
    Chris Hayes is a leading light in MSNBC's brain trust. The network casts him as a serious intellectual bringing serious solutions to America's problems. Which makes his simplistic and manifestly mistaken proposal that much more maddening. Making a peek-a-boo video-clip appearance on today's Melissa Harris-Perry's show, which focused on finding solutions to poverty in America, Hayes was seen holding up a hand-written sign with his solution, reading "Giving people money: It's actually that easy." View the video here.
  • The Alabama Democratic Party: "We're broke, broke, broke."

    05/12/2013 9:49:37 AM PDT · by Zakeet · 45 replies
    Birmingham News ^ | May 12, 2013 | Charles J. Dean
    Acting state Democratic Party Chairwoman Nancy Worley lowered her head and slowly shook it side to side when summing up the financial condition of her once powerful party. "We're broke, broke, broke," Worley told the party's Executive Board in a special called meeting Frida. How broke is broke? Worley didn't sugar coat the answer. "This is my 18th day as chair and thirty minutes after I took over on April 22nd the landlord of the building where our party headquarters are came in and said he wanted us out, that the rent was overdue and was always overdue," said Worley....
  • Going Galt: More Americans Vote with their Feet against Obama

    05/12/2013 9:39:41 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | May 11, 2013 | Daniel J. Mitchell
    I’ve written many times about how investors, entrepreneurs, small business owners and other successful people migrate from high-tax states to low-tax states. Well, the same thing happens internationally, as France’s greedy politicians are now learning. It’s a lot harder for Americans to escape our tax system, though, in part because of reprehensible exit taxes that are disturbingly reminiscent of some of the awful policies of past totalitarian regimes. But it still happens, and that’s a very damning indictment of Obamanomics and a worrying referendum on the future of the United States. Here are some blurbs from a recent Fortune article.Americans...
  • Why Nevada Democrats’ Fun Tax is the New Coke of politics

    05/12/2013 9:10:13 AM PDT · by redreno · 15 replies
    http://www.lasvegassun.com ^ | Friday, May 10, 2013 | 2 a.m | By J. Patrick Coolican (contact)
    The Mini-Golf Tax. The “Iron Man” Tax. The Burning Man Tax. I’m pretty sure most Nevadans enjoy one or more of those activities, which means if Democrats in the Legislature pass their new Nevada Entertainment and Admissions Tax, every Nevadan will curse them when they try to enjoy themselves on the weekend after a long workweek. Wow, this is stupid. So, instead of imposing a corporate tax on Wal-Mart like nearly every other state in the country, you’re going to tax me when I go to the movie theater? So I’ll pay $11.88 instead of $11? I love carrying 12...
  • Job growth slows in NY

    05/12/2013 8:22:08 AM PDT · by jimbo123 · 7 replies
    NY Post ^ | 5/12/13 | JOHN AIDAN BYRNE
    New York’s metropolitan tri-state private sector employment gains in April were a far cry from the jobs juggernaut in other areas of the country, according to a jobs report released Friday. The combined tally for New York, New Jersey and Connecticut was 3,370 last month, compared with a whopping 23,390 private- sector job gains in Texas alone, 9,570 in Florida and 4,110 in Utah, according to the inaugural monthly ADP Regional Employment Report. New York’s 1,490 job gains and Connecticut’s 1,230 were not exactly fighting for bragging rights. But they still overtook New Jersey, which produced a mere 650 private-sector...
  • Many part-timers to lose pay amid health act's new math

    05/12/2013 8:45:00 AM PDT · by TurboZamboni · 64 replies
    la times/pioneer press ^ | 5-12-13 | chad tehune
    Many part-timers are facing a double whammy from President Barack Obama's Affordable Care Act. The law requires large employers offering health insurance to include part-time employees working 30 hours a week or more. But rather than provide health care to more workers, a growing number of employers are cutting back employee hours instead. The result: Not only will these workers earn less money, but they'll also miss out on health insurance at work. Consider the city of Long Beach, Calif. It is limiting most of its 1,600 part-time employees to fewer than 27 hours a week, on average. City officials...
  • Read Between the Lines: IMF Admits Spain is Bankrupt

    05/12/2013 7:07:27 AM PDT · by Kaslin · 21 replies
    Townhall.com ^ | May 12, 2013 | Mike Shedlock
    It should be obvious, to anyone reading this, that Spain is in an economic depression as well as bankrupt. It is equally obviously that eurozone imbalances and a flawed treaty are to blame. Finding mainstream organizations willing to admit Spain is bankrupt is another matter. Yet today, Jeremey Warner writing for The Telegraph says just that. Warner says Spain is officially insolvent: get your money out while you still can I'd not noticed this until someone drew my attention to it, but the latest IMF Fiscal Monitor, published last month, comes about as close to declaring Spain insolvent as you...
  • How The Federal Reserve Became History's Biggest Bad Bank

    05/12/2013 6:35:29 AM PDT · by Kid Shelleen · 14 replies
    Forbes ^ | 05/7/2012 | Bill Frezza,
    --SNIP-- What does it mean that hopelessly bankrupt nations like Spain can borrow money at less than 5 percent interest? What does it mean that 60 percent of home purchases in many U.S. metro markets are being made in cash, and that hedge funds and institutional investors are the largest buyers? What does it mean that the Dow and S&P 500 are hitting record highs while 47 million Americans are on food stamps? What does it mean that the official unemployment rate is going down while the number of people not working is going up? What does it mean that...
  • Protecting Obama’s Right to Bear Arms

    05/12/2013 6:04:07 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | May 12, 2013 | John Ransom
    RyanM wrote: “Not since the poilus surrendered to Hitler in 45 days has an opponent backed up so much talk with so little fight."Give me a break. The French took a million casualties during the 1940 campaign. They lost not from a lack of will to fight, but to incompetent commanders who saddled themselves with an obsolete doctrine. - GOP Fairy Tale: We Came, We Saw, We Surrendered Dear Comrade Private Ryan, Eh, the French lost 50,000-85,000 killed and about 120,000 wounded in the Battle of France, not even nearly close to the million you claim. A million and a half Frenchman surrendered, however,...
  • Yen hits 4-1/2-year low versus US dollar, oil and gold tumble

    05/12/2013 5:56:26 AM PDT · by SeekAndFind · 16 replies
    Reuters ^ | 05/12/2013 | By Herbert Lash
    The yen slid to a 4-1/2-year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labor market added to bullish sentiment on the dollar. Wall Street surged at day's end, pushing both the Dow and the S&P 500 to record closing highs. Data on bond holdings in Japan showed the Japanese were buying more foreign assets, and the yen's collapse reverberated throughout financial markets. Conflicting signals about how investors view the economic outlook added to the yen's wide impact. The...
  • Network Axes Fall Hard on Gay Characters

    05/12/2013 4:20:13 AM PDT · by central_va · 80 replies
    movies.yahoo.com ^ | 5/12/13 | Lesley Goldberg
    It's been a rough end to what started out as a record-breaking season for openly gay characters on the small screen. After a 2012-13 season that featured a record number of lesbian, gay, bisexual and transgender characters on TV, this past week's wave of cancellations may drastically alter those statistics. Gone are shows that featured prominent gay story lines including NBC's The New Normal and CBS' Partners. Both were semi-autobiographical series about the lives of its nearly all openly gay creators -- Ryan Murphy and Ali Adler on the former, David Kohan (who's not) and Max Mutchnik for the latter...
  • New cancer cures insurers won’t cover

    05/12/2013 1:30:14 AM PDT · by 2ndDivisionVet · 3 replies
    The New York Post ^ | May 8, 2013 | Robert Goldberg
    Advances in cancer treatment are saving lives and cutting health-care costs. But because many health-insurance plans haven’t caught up with the times, nearly half of all cancer patients are forced to choose between the treatment that could save their lives — or one that’s paid for. John Rykert had been battling advanced basal-cell carcinoma for two decades by cutting out the tumors as they appeared. In 2009, after 20 surgeries lasting 10 hours each, Rykert’s doctor said that the cancer had spread so far that the only option left would be to carve out half his face. But then Rykert...
  • Thousands in Israel protest proposed budget

    05/11/2013 11:09:20 PM PDT · by Olog-hai
    Associated Press ^ | May 11, 2013 3:04 PM EDT
    Israeli police say protesters are marching in Tel Aviv over proposed tax hikes and benefit cuts. … Protesters are angry over the proposed decrees by Israel’s new finance minister Yair Lapid who started his job several weeks ago. Lapid ran in January’s election on a ticket vowing to help the middle class. The proposed budget hits that demographic deep in their pockets with raised taxes and slashed benefits. …
  • Going Galt: More Americans Vote with their Feet against Obama (Beware of exit taxes, though!)

    05/11/2013 10:48:45 PM PDT · by 2ndDivisionVet · 26 replies
    Townhall Finance ^ | May 12, 2013 | Daniel J. Mitchell
    I’ve written many times about how investors, entrepreneurs, small business owners and other successful people migrate from high-tax states to low-tax states. Well, the same thing happens internationally, as France’s greedy politicians are now learning. It’s a lot harder for Americans to escape our tax system, though, in part because of reprehensible exit taxes that are disturbingly reminiscent of some of the awful policies of past totalitarian regimes. But it still happens, and that’s a very damning indictment of Obamanomics and a worrying referendum on the future of the United States. Here are some blurbs from a recent Fortune article....
  • Big Data And Microseismic Imaging Will Accelerate The Smart Drilling Oil And Gas Revolution

    05/11/2013 9:37:13 PM PDT · by ckilmer · 5 replies
    Forbes ^ | 5/08/2013 @ 9:24AM | Mark P. Mills
    Over the past five years, technology has improved the productivity of the typical oil or gas rig on America’s shale fields between 200 and 300 percent.
  • Some Hope Gas Tax Will Fund Bridge Repair, Construction

    05/11/2013 7:38:26 PM PDT · by Tolerance Sucks Rocks · 12 replies
    Southern Maryland Online ^ | May 11, 2013 | Amber Larkins
    ANNAPOLIS -- Republican Sen. Richard Colburn of Dorchester voted against Maryland’s recently passed gas tax increase, but now hopes some of the new money will go to replacing the Dover Bridge in his district. The new taxes, initially expected to raise prices at the pump by 4 cents a gallon this July, might help to expand funding for the rehabilitation and replacement of Maryland’s deteriorating bridges. As of April, 87 of the 2,572 Maryland State Highway Administration maintained bridges were structurally deficient, which doesn’t mean they are unsafe, but that they have areas that need to be repaired or replaced,...
  • Rise of the Republican Governors - A new liberal era? Not according to these reformers.

    05/11/2013 7:04:44 PM PDT · by neverdem · 15 replies
    City Journal ^ | Spring 2013 | Steven Malanga
    Shortly after Barack Obama won reelection in November, New Jersey governor Chris Christie pointed out that Republicans’ cloudy political prospects had a bright silver lining. “One of the reasons you have 30 Republican governors in America, and why we’re the only organization to add Republican strength,” Christie said, “is because people see us getting things done.” Christie’s stance countered most of the elite postelection commentary, which gleefully pronounced the Republican Party’s political irrelevance. But the governor was right. Since Obama first took office in 2008, Republicans have picked up a net nine governorships, bringing their total to 30 states,...
  • BotObjects 3D printer promises huge leap forward, draws skeptics

    05/11/2013 4:33:06 PM PDT · by 2ndDivisionVet · 10 replies
    c/net ^ | May 10, 2013 | Rich Brown
    According to BotObjects' product copy, this previously unknown hardware and software company has a revolutionary product on its hands in its new ProDesk3D 3D printer. Among other highlights, which my colleague Michelle Starr wrote about earlier this week for CNET Australia, the ability to print objects in a full range of colors from common PLA plastic would instantly put the ProDesk3D at the top of the consumer-grade printer market. Follow along the reader comments on the various posts covering BotObjects announcement though, and you'll find a common refrain of skepticism. "So we have computer-generated images of the printer. No images...
  • On ethical oil, blood and Gore

    05/11/2013 1:46:54 PM PDT · by rickmichaels · 9 replies
    Toronto Sun ^ | MAY 10, 2013
    For a man with a carbon footprint the size of a dwarf planet, Al Gore takes the hypocrite's cake for his ignorant statement that there is "no such thing as ethical oil." He was in Canada this week to sell his new book, of course, so what better way to get media attention than to insult both the host country and one of its major resources? If you want to know the name of his book, look it up. We're not going to shill for him, even if he is a former vice president of the United States as well...
  • Detroit Fast Food Workers' Strike Shuts Down Locations

    05/11/2013 12:02:04 PM PDT · by mdittmar · 109 replies
    AFL-CIO ^ | 5/10/2013 | Kenneth Quinnell
    Fast food workers at more than 60 restaurants in Detroit walked off the job Friday. This may be the largest fast food strike in American history, involving more than 400 workers from McDonald's, Long John Silver's, Burger King, Popeyes and KFC. Some locations were forced to shut down. At issue is workers' right to form a union and an increase in base pay to a minimum of $15 per hour. Pastor W.J. Rideout III, a leader in Detroit’s Good Jobs Now coalition, said the organic action was a result of a long history of mistreatment of fast food workers:“They’ve been wronged in so...
  • Entitlements' unimpeded growth is boon to seniors

    05/11/2013 11:13:19 AM PDT · by SkyPilot · 21 replies
    AP ^ | 10 May 13 | CHARLES BABINGTON
    With Congress increasingly unable to resolve budget disputes, federal programs on automatic pilot are consuming ever larger amounts of government resources. The trend helps older Americans, who receive the bulk of Social Security and Medicare benefits, at the expense of younger people. This generational shift draws modest public debate. But it alarms some policy advocates, who say the United States is reducing vital investments in the future. Because Democrats and Republicans can't reach a grand bargain on deficit spending — with mutually accepted spending cuts and revenue hikes — Social Security, Medicare and Medicaid keep growing, largely untouched. Steady expansions...
  • Obama calls on Congress to help more homeowners

    05/11/2013 10:41:45 AM PDT · by Olog-hai · 22 replies
    Associated Press ^ | May 11, 2013 9:36 AM EDT | Darlene Superville
    President Barack Obama says Congress must give more homeowners the chance to refinance their mortgages to save money. Obama says more than 2 million people are saving about $3,000 a year after restructuring their loans under his administration but that more deserve the same chance. …
  • One by one, homes in Calif. subdivision sinking

    05/11/2013 10:19:31 AM PDT · by Olog-hai · 45 replies
    Associated Press ^ | May 11, 2013 12:52 PM EDT | Tracie Cone
    Scott and Robin Spivey had a sinking feeling that something was wrong with their home when cracks began snaking across their walls in March. The cracks soon turned into gaping fractures, and within two weeks their 600-square-foot garage broke from the house and the entire property—manicured lawn and all—dropped 10 feet below the street. It wasn’t long before the houses on both sides collapsed as the ground gave way in the Spivey’s neighborhood in Lake County, about 100 miles north of San Francisco. … Unlike sinkholes of Florida that can gobble homes in an instant, this collapse in hilly volcanic...
  • Current deficit plunges 32%

    05/11/2013 10:02:35 AM PDT · by SeekAndFind · 37 replies
    CNN Money ^ | 05/10/2013 | Jeanne Sahadi
    The annual deficit has fallen 32% over the first seven months of this fiscal year compared with same period last year, according to Congressional Budget Office figures released Tuesday. A major reason: A big jump in tax revenue. Tax collections rose by $220 billion -- or 16% -- between the start of the fiscal year on Oct. 1 through April 30. Individual and payroll taxes accounted for $184 billion of that increase. The tax haul rose sharply primarily because wages and salaries were higher, the payroll tax cut of the past two years expired on Jan. 1 and the fiscal...
  • Mayor Not So Sweet On 36,000 Calorie Bloomberg Cupcake

    05/11/2013 9:59:26 AM PDT · by AtlasStalled · 38 replies
    CBS News ^ | 05/0/13
    The House of Cupcakes recently revealed its Mayor Bloomberg cupcake — a gut-busting confection with a frowning Bloomberg on top. * * * Although in good fun, the health-conscious Hizzoner wasn’t too pleased. ”This is one of the dumbest things people have done, but if they can get some publicity,” Bloomberg said.
  • Dow 15,000? Try 116,200 (Why we'll hit that number before 2050 and why it's not far-fetched)

    05/11/2013 9:56:56 AM PDT · by SeekAndFind · 22 replies
    MarketWatch ^ | 05/10/2013 | CHUCK JAFFE
    When the Dow Jones Industrial Average crossed 15,000, it had me dreaming of bigger things. Specifically: Dow 116,200. That was the market level predicted by mutual fund pioneer Bill Berger in a 1995 speech at a Society of American Business Editors and Writers conference in Boston, and it was almost as laughable then — with the Dow at 4,500 — as it seems now, when it stands more than 100,000 points into the Dow’s future. Berger wasn’t expecting hyperinflation on the index; instead, the 70-something founder of the Berger Funds (which shuttered shortly after his death a few years later)...
  • Obama's health secretary seeks donations from companies for healthcare law

    05/11/2013 9:34:59 AM PDT · by Sub-Driver · 17 replies
    Obama's health secretary seeks donations from companies for healthcare law Photo 12:14pm EDT By David Morgan WASHINGTON (Reuters) - Health and Human Services Secretary Kathleen Sebelius is asking companies for financial donations to help implement President Barack Obama's healthcare overhaul, months before it is due to take effect. In telephone calls that began around March 23, officials say, Obama's top healthcare adviser has been seeking assistance from companies in the healthcare field and other industries as well as from healthcare providers, patient advocacy groups, churches and other charitable organizations. "The secretary has been working with a full range of stakeholders...
  • Dangerous Times: Milton Friedman just won his euro bet

    05/11/2013 7:13:12 AM PDT · by RoosterRedux · 35 replies
    AmericanThinker.com ^ | 5/11/2013 | James Lewis
    Even as President Obama is following in Eurosocialist footsteps, the 14-year utopian experiment on a single currency is collapsing. The architect of the euro just ran up the white flag on the biggest policy mistakes in history. Former German Finance Minister Oskar Lafontaine called his own brainchild a "catastrophe". "The economic situation is worsening from month to month," he wrote on his Left party blog. "unemployment has reached a level that puts democratic structures ever more in doubt." "Catastrophe" is the right word. Today Greece is suffering more than 50% unemployment. That's worse than the Great Depression in the US....