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Business/Economy (News/Activism)

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  • Ball State Bonanza

    07/22/2014 8:03:13 AM PDT · by Academiadotorg
    Accuracy in Academia ^ | July 21, 2014 | Ethan Gaitz
    Bureaucratic ineptitude is nothing new to the American public (as well as the readership of AIA). It becomes almost invariably more difficult for an agency or institution to function smoothly once it reaches a certain size; unable to effectively conduct oversight of itself, expansive bureaucracy faces the constant nagging threat that some low or mid-level official will engage in unchecked and unmonitored behavior that could inflict serious institutional damage. ball state university This was the case at Ball State University, a public institution located in Muncie, Indiana. Ball State maintains that its “investments are preparing bright students to take advantage...
  • Court Strikes Down Federal Obamacare Subsidies

    07/22/2014 8:01:38 AM PDT · by SoFloFreeper · 2 replies
    NBC ^ | 7/22/14 | Maggie Fox
    In a potentially lethal blow to Obamacare, a federal appeals court has ruled that the federal government may not subsidize health insurance plans bought by people in states that decided not to set up their own marketplaces under Obamacare. The law clearly says that states are to set up the exchanges. But 34 states opted not to, and the federal government took over in those states. The court ruled that federal government may not pay subsidies for insurance plans in those states.
  • Federals Appeals Court Delivers Serious Setback To Obama Health Care Law

    07/22/2014 7:40:56 AM PDT · by TigerClaws · 14 replies
    WASHINGTON (AP) — Federal appeals court delivers serious setback to Obama health care law .
  • Detroit retirees back pension cuts by a landslide

    07/22/2014 6:54:56 AM PDT · by Olog-hai · 8 replies
    Associated Press ^ | Jul 22, 2014 9:13 AM EDT
    A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that could end the largest public filing in U.S. history. Pension cuts were approved in a landslide, according to results filed shortly before midnight Monday. The tally from 60 days of voting gives the city a boost as Judge Steven Rhodes determines whether Detroit’s overall strategy to eliminate or reduce $18 billion in long-term debt is fair and feasible to all creditors. Trial starts...
  • Airbnb user turns squatter: Woman facing legal battle to get vacationer out of her Palm Springs home

    07/22/2014 6:49:34 AM PDT · by C19fan · 43 replies
    UK Daily Mail ^ | July 21, 2014 | Staff
    A California Airbnb host says a guest is squatting in her 600-square-foot Palm Springs condo and is now threatening to sue her. Cory Tschogl, 39, described the situation as a 'horror story' and says she begged Airbnb for help through scores of emails and phone calls but the accommodation marketplace failed to get the renter out. He now has renters' protection under California law because he's been there longer than 30 days and it'll take three to six months, a lawyer and thousands of dollars to evict him.
  • Obama Recovery Turns 5: Are You Better Off?

    07/22/2014 6:27:35 AM PDT · by IBD editorial writer · 52 replies
    Investor's Business Daily ^ | 07/22/2014 | John Merline
    In a speech last week in Delaware, President Obama was positively bursting with pride about what his policies have produced since the economic recovery started five years ago. What Obama didn´t say in his speech is that [snip] many Americans are doing a whole lot worse than they were when Obama's economic recovery began five years ago.
  • Sue And Settle Another Way For Greens To Halt Progress

    07/22/2014 6:21:37 AM PDT · by rktman · 6 replies
    investors.com ^ | 7/22/2014 | Stephen Moore
    If you've never heard of the litigation technique "sue and settle," it's the hottest new strategy for extreme environmentalists to make millions of acres of prime land for ranching, farming, oil and gas drilling, and mining of natural resources off limits for development. Sue and settle involves a stealth partnership between anti-development Obama administration regulators at the Environmental Protection Agency or the Interior Department and litigious green groups — including Greenpeace, Defenders of Wildlife, WildEarth Guardians and the Sierra Club — who want to halt fossil fuel development and other projects on federal and even private lands.
  • High gasoline prices push up U.S. consumer prices

    07/22/2014 5:49:00 AM PDT · by SoFloFreeper · 11 replies
    Reuters ^ | 7/22/14
    U.S. consumer prices rose in June as the cost of gasoline surged, but the overall trend continued to point to a gradual build up of inflationary pressures. The Labor Department said on Tuesday its Consumer Price Index increased 0.3 percent last month after May's 0.4 percent gain. Gasoline accounted for two-thirds of the rise in prices last month. In the 12 months through June, the CPI increased 2.1 percent after a similar rise in May.
  • Workers receive wage hikes of up to 37% (Argentina)

    07/22/2014 5:32:29 AM PDT · by Oldeconomybuyer · 3 replies
    Buenos Aires Herald ^ | July 22, 2014
    The national government yesterday unveiled the results of collective wage bargaining for the first half of the year, stressing the fact that salaries have risen by up to 37 percent “amid a difficult context marred by economic troubles.” The Labour Ministry considered not only hikes in basic salaries but also extra sums agreed to between workers and employers. Meanwhile, private estimates say inflation for the last 12 months has clocked in at around 37 to39 percent.
  • Putin Channels Obama on MH17: Ukrainians Cling to Guns and Borders

    07/22/2014 4:25:58 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | July 22, 2014 | John Ransom
    The strongman of the Soviet, er, Russia is getting kind of wimpy. Caught in the act blowing up a civilian airliner, he’s pointing the finger at someone else, and condemning the world’s political calculations, all the while calculating politically. He must watch a lot of MSNBC because this is the type of thing we’ve come to expect from our own weak-willed presidents. Russia, says Putin, did not shoot down that jetliner. Listen to him very carefully. There is no inappropriate Russian relationship with that missile. It was caused by a bunch of bitter Ukrainians who cling to their guns and...
  • Detroit retirees vote in favor of Pension Cuts

    07/22/2014 4:12:53 AM PDT · by taildragger · 11 replies
    Link only:http://www.clickondetroit.com/consumer/detroit-retirees-vote-in-favor-of-pension-cuts/27081476Many covering this Story at this early Stage can't be posted on FR.
  • Immigration ‘Reform’: Engineered Destruction of the Middle Class

    07/22/2014 3:43:40 AM PDT · by markomalley · 3 replies
    Frontpage ^ | 7/22/2014 | Michael Cutler
    Periodically so-called “buzz words” and “buzz phrases” become fashionable.  Of late, the concept of “wage equality” has been bandied about by members of the administration, politicians and some media personalities.In point of fact, on July 15, 2014, the publication “Mail Online” published a report with a self- explanatory title:  “America’s 1 percenters are even richer than we thought: Richest actually control 37 percent of U.S. Wealth” It has been said that “beauty is in the eye of the beholder.”  Similarly, the term wage “equality” is an emotionally evocative term that is viewed as something good and worthwhile to achieve.  Generally...
  • Microsoft Announces 18,000 Layoffs - Cuts Staff by 14 Percent

    07/22/2014 3:40:43 AM PDT · by markomalley · 6 replies
    Breitbart London ^ | 7/22/2014 | Jeff Wolfers
    Microsoft, the aging tech behemoth, has a shiny new CEO, a new strategy, new(ish) products in the pipeline and now 18,000 less staff. In a wide ranging, 3,000 word essay to his 125,000 (oops! 107,000) colleagues, CEO Satyna Nadella stressed the need to improve product cycle time, to shed excess management layers and to say goodbye to 14 percent of staff.Politicians on both sides of the pond are not impressed. EU High Commissioner Laszlo Andor, "I deeply regret the significant job losses announced by Microsoft today because of the impact these will have on so many individuals, their families and the...
  • ObamaCare´s Shrinking Geography

    07/22/2014 3:39:50 AM PDT · by IBD editorial writer · 3 replies
    Investor's Business Daily ^ | 07/21/2014 | IBD Staff
    Reform: Probably hoping no one would notice, regulators late last week exempted from ObamaCare five U.S. territories where it was failing. Will they do the same once it´s obvious ObamaCare is failing everywhere else? When the geniuses in Congress and the White House were writing the ObamaCare legislation, they made a slight mistake. The law imposed ObamaCare´s guaranteed issue and community rating insurance mandates on the five territories — which have a combined population of more than 4 million — but it exempted them from the individual mandate and didn´t offer any subsidies. Not surprisingly, the insurance markets quickly collapsed...
  • Castellanos Schools Maddow on Equal Pay (and she can't stand it)

    07/21/2014 8:40:24 PM PDT · by Titus-Maximus · 24 replies
    Meet the Press ^ | 4/29/12 | Meet the Press
    Video of Alex Castellanos Schooling a Frustrated Maddow on Equal Pay
  • Detroit Residents Fight Back Over Water Shutoff: 'It's A Life-or-Death Situation' [Just Like Food!]

    07/21/2014 8:17:06 PM PDT · by Steelfish · 65 replies
    Guardian (UK)R ^ | July 21, 2014
    Detroit Residents Fight Back Over Water Shutoff: 'It's A Life-or-Death Situation' The beleaguered city says a water shutoff is essential to recoup $89m in overdue bills. But the decision outraged thousands of Detroiters – who have taken matters into their own hands Of 178 homes whose water was shut off last week, 79 had restarted their supplies, triggering $21,750 in fines on top of what the residents already owed. When the coast is clear, and the trucks from the contractor shutting off water for the city of Detroit have rolled away, the men with water keys come. They offer residents...
  • The Way This City Is Tackling Gas Prices Has Some People Crying ‘Socialism’

    07/21/2014 7:06:35 PM PDT · by lowbridge · 22 replies
    theblaze.com ^ | july 21, 2014 | zach noble
    The town of Somerset, Kentucky, opened a city-run filling station on Saturday, the Associated Press reported, offering gas to the public at below-market rates. From the Associated Press: The Somerset Fuel Center opened to the public selling regular unleaded gas for $3.36 a gallon, a bit lower than some nearby competitors. In the first three hours, about 75 customers fueled up at the no-frills stations, where there are no snacks, no repairs and only regular unleaded gas. The mayor says the station was created in response to years of grumbling by townspeople about stubbornly high gas prices in Somerset, a city...
  • The Immigration Conflagration (Obama amnesty EO for more than 12 million illegals?)

    07/21/2014 6:43:30 PM PDT · by 2ndDivisionVet · 10 replies
    National Journal ^ | July 19, 2014 | Ronald Brownstein
    As Obama moves toward allowing millions of undocumented people to stay in the U.S., Republicans face a defining choice.Inflammatory as it's been, the debate over unaccompanied Central American children crossing the U.S. border is only the warm-up for an approaching immigration confrontation with even greater stakes. Regardless of how Congress handles his request for more border resources, President Obama is moving toward a historic—and explosive—executive order that will provide legal status to a significant number of the estimated 11.7 million undocumented immigrants in the U.S. One senior White House official says that while "what's happening at the border will provide...
  • How Are Tax Dollars Translated into Taxpayer Working Hours? Need Freeper Help

    07/21/2014 6:01:29 PM PDT · by Chickensoup · 18 replies
    07/21/14 | Chickensoup
    Need some help here. Trying to understand government spending in terms of hours of taxpayer work. In other words trying to find average taxpayer hours worked to pay taxes, and use it to look at government spending in a different way, hourly cost, Need help on this. Money these days is a little numbing. But every worker knows how long and hard they work for paycheck. Tax freedom day was April 13 in 2013 Freeper help?
  • What Just Happened at Market Basket This Weekend?

    07/21/2014 2:53:20 PM PDT · by matt04 · 16 replies
    A big local story from this weekend was centered around Market Basket and its employees’ ongoing movement to re-install former CEO Arthur T. Demoulas. ... Why are employees protesting, anyway? OK, the long answer goes back decades. In the very short-term, Market Basket employees are extremely loyal to the former CEO, Demoulas, who was fired last month and replaced with Jim Gooch and Felicia Thornton. Two other executives were fired at the time, and seven more resigned the next day. A couple weeks back, employees outright demanded Demoulas be re-instated as CEO. When they didn’t hear an answer by the...
  • CEO of the US, politicians need NOT apply

    07/21/2014 1:31:21 PM PDT · by simka · 61 replies
    self
    We do not need Hillary or Warren or any career politician. We do not need another leader in debt to big business, financial backers or his party agenda. We do need someone truly independent of all political pressures, capable of resolving all the damage done to this country. The names that come to mind are Ben Carson, Mitt Romney and maybe Ted Cruz. What say you all?
  • Transcript: Retired Border Patrol Officer Zach Taylor explains surge of illegals on U.S. border

    07/21/2014 12:53:04 PM PDT · by BuckeyeTexan · 64 replies
    YouTube ^ | 07/19/2014
    This is a chilling interview with Retired Border Patrol Officer Zach Taylor about the surge of illegals coming across the U.S. border right now. If you haven't watched the interview, read this transcript: My name is Zach Taylor. I'm a retired Border Patrol officer. My main job was understanding and having intelligence capabilities about drug smuggling across the U.S. border and human smuggling across the U.S. border to bring contraband and people into the United States. That's what I did for twenty-six years. National security is a component of the immigration laws and the reason that immigration officers exist. Because...
  • San Juan battle lines drawn (Reliable coal power vs. renewables in NM)

    07/21/2014 12:33:06 PM PDT · by CedarDave · 9 replies
    The Albuquerque Journal ^ | July 21, 2014 | Kevin Robinson-Avila
    The battle over where New Mexico’s electricity will come from after Public Service Company of New Mexico shuts down half of the coal-fired units at San Juan Generating Station near Farmington is growing. Environmentalists and renewable energy advocates adamantly oppose a PNM proposal to increase its share of coal-generated electricity from San Juan by 132 megawatts after some of the plant’s other co-owners abandon it. They fear PNM is committing New Mexico consumers to another two decades of coal-fired electricity despite rising costs from federal environmental regulations, while squandering an opportunity to double down on renewable energy for the future....
  • Mountain West Banks Closing in Great Falls [ Montana ]

    07/21/2014 10:10:30 AM PDT · by george76 · 2 replies
    kfbb ^ | Jul 17, 2014 | Joe Biega,
    Following a merger between Mountain West Bank and First Interstate Bank, several Mountain West locations will be closing across the state ... While the merger of the two well known Montana banks is still pending, Interstate Bank has announced a list of banks that will be closing or relocating
  • Now IRS Reports EVEN MORE Computer Crashes, Doesn’t Know If Emails Still Exist

    07/21/2014 10:09:10 AM PDT · by Red Badger · 36 replies
    dailycaller.com ^ | 07/21/2014 | Patrick Howley Political Reporter
    IRS Deputy Associate Chief Counsel Thomas Kane said in transcribed congressional testimony that more IRS officials experienced computer crashes, bringing the total number of crash victims to “less than 20,” and also said that the agency does not know if the lost emails are still backed up somewhere. The new round of computer crash victims includes David Fish, who routinely corresponded with Lois Lerner, as well as Lerner subordinate Andy Megosh, Lerner’s technical adviser Justin Lowe, and Cincinnati-based agent Kimberly Kitchens.
  • Speaking of Gaza: The Left Hates Hitler...and His Victims

    07/21/2014 10:05:26 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | July 21, 2014 | Shawn Mitchell
    Please explain how the national and international Left accomplished this bipolar feat: The two most hated national identities in the world are Hitler's Germany, and the tiny, beleaguered state the international community birthed in 1948 to harbor the survivors and refugees from Hitler's campaign. Tell us, Leftists. Can history's worst villains really be the Uber Predator and the determined, watchful. prospering remnant of the Predator's victims? I used to think populists who criticize the existence of public education were a little wacky. But here's the thing--the difference in world views and values among citizens is becoming sharper. And harsher. Bitter...
  • Income Inequality Is Not Rising Globally. It's Falling.

    07/21/2014 10:01:46 AM PDT · by SeekAndFind · 9 replies
    New York Times ^ | 07/21/2014 | Tyler Cowen
    Income inequality has surged as a political and economic issue, but the numbers don’t show that inequality is rising from a global perspective. Yes, the problem has become more acute within most individual nations, yet income inequality for the world as a whole has been falling for most of the last 20 years. It’s a fact that hasn’t been noted often enough. The finding comes from a recent investigation by Christoph Lakner, a consultant at the World Bank, and Branko Milanovic, senior scholar at the Luxembourg Income Study Center. And while such a framing may sound startling at first, it...
  • Hillary Humor…or Hillary Horror

    07/21/2014 9:54:53 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | July 21, 2014 | Daniel J. Mitchell
    I haven’t paid much attention to Hillary Clinton. Looking through my archives, I found a few posts criticizing her statist inclinations on issues such as taxation, geography, economics, the War on Drugs, class warfare, and financial privacy. Compared to other major political figures, that’s a pretty meager list. Moreover, to the best of my recollection, other than a few cartoons
  • Detroit showing signs of recovery ahead of bankruptcy trial

    07/21/2014 9:48:56 AM PDT · by SeekAndFind · 55 replies
    The Guardian ^ | 07/21/2014
    Detroit neighbourhoods are being relit, its vacant homes are being sold off or torn down, its public transportation is cleaner and more often on schedule and the city has renegotiated some burdensome union contracts. In the little more than a year since the state-appointed emergency manager, Kevyn Orr, made Detroit the largest US city to seek bankruptcy protection, it has experienced a wide range of improvements that will factor into Judge Steven Rhodes's decisions during next month's bankruptcy trial. A major piece of the bankruptcy puzzle could fall into place on Monday, with the expected release of the results of...
  • Study: Minimum wage hikes don’t kill jobs

    07/21/2014 9:27:34 AM PDT · by Incorrigible · 26 replies
    NJ101.5 ^ | 7/21/2014 | Kevin McArdle
    Study: Minimum wage hikes don’t kill jobsBy Kevin McArdle July 21, 2014 5:14 AMA new study by the Center for Economic and Research Policy shows that job growth in states that increased their minimum wages this year is far more robust when compared to states that did not hike the minimum wage. Thirteen states increased their minimum wages in 2014, including New Jersey. According to the report, the average change in payrolls in states that implemented minimum wage hikes was 0.99 percent.  For states that didn’t see a minimum wage hike, it was 0.68 percent.However, the report said there is...
  • Video of MH17 Hit by Missile

    07/21/2014 9:23:10 AM PDT · by Kaslin · 36 replies
    Townhall.com ^ | July 21, 2014 | Mike Shedlock
    <p>Reader David sent an email and accompanying video that purportedly shows the Malaysian Flight 17 being hit by missile. Let's take a look.</p> <p>It appears as if the right engine and wing area took the hit. The camera operator is able to record the moment of impact in the first 2 seconds of this clip. Note the smoke burst left behind on impact with the #2 engine area. There is a 18 second delay (speed of sound delay) due to the distance and altitude of the explosion. Question: How did this video operator know to have his camera running just prior to the missile explosion? How many people run their camera in the sky looking for an airplane cruising at altitude so high that most are not visible to the human eye? Note that the pilots are maintaining wings level, the airplane and burning wing still intact, in what appears to be an uncontrolled descent from 33,000 feet when the video ends at 1 minute 19 seconds.</p>
  • College Costs Exploding

    07/21/2014 9:21:07 AM PDT · by Academiadotorg · 26 replies
    Accuracy in Academia ^ | July 20, 2014 | Ethan Gaitz
    Any sanguine prognosticators who may have predicted a decline in the average cost of attending college may need to rethink how they arrived at such an off-the mark conclusion. college grad hire me At least 50 American colleges and universities are now charging students more than $60,000 per year. This marks a significant increase from last year when only nine schools exceeded the 60K mark. What’s shocking about this year’s figures is that the data presented in the story from Business Insider does “not reveal the true financial burden of higher education.” Other fees not included in the story include...
  • Impeach Eric Holder Now

    07/21/2014 9:08:09 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | July 21, 2014 | Jeff Crouere
    I n a recent interview with ABC News, Attorney General Eric Holder spewed more racist nonsense. He claimed that some of his critics and the President's critics were motivated by "racial animus." According to Holder, "There’s a certain level of vehemence, it seems to me, that’s directed at me [and] directed at the president. You know, people talking about taking their country back. … There’s a certain racial component to this for some people." Using the race card is the last refuge for liberals who do not want to be held accountable for their poor performance. Holder is a specialist...
  • Governments are Racing to Make the Internet a Gun-Free Zone

    07/21/2014 8:53:04 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | July 21, 2014 | Michael Schaus
    Despite the fact that I consider the prevailing majority of Facebook posts to be the single largest culprit of wasted broadband, I do hold a certain amount of awe for the internet. Shortly after Al Gore invented the technology, the instantaneous exchange of information became a global phenomenon. (Although, those early dial ups can hardly be considered “instantaneous.”) The internet might be, in most cases, the last beacon of relative freedom. Ideas can be spread, information disseminated, and cute kitten pictures shared… All with a simple click of a wireless mouse. While there is an amazing amount of debauchery...
  • Beyoncé and Jay-Z: Leaders of Equality and Feminism?

    07/21/2014 7:40:55 AM PDT · by Academiadotorg · 15 replies
    Accuracy in Academia ^ | July 17, 2014 | Gabrielle Okun
    The Barclays Center is usually associated with the Brooklyn Nets, not an active way to show deep political and social commentary. Unfortunately, this has recently changed due to the presence of performer Beyoncé and her husband, rapper Jay-Z. The couple is well known for their singing/performing collaborations, style inspiration, owning a portion of the Brooklyn Nets and their ascent to the Forbes “Highest- Paid Celebrity Couples List.” Good for them. Usually, the press does not associate them with misogyny and black power groups. Houston Rockets v Brooklyn Nets The couple was recently seen at a Brooklyn Nets Games wearing some...
  • Obama Gives Trillions for Wall Street, Not a Dime to Stop Murder in Black Chicago Neighborhoods

    07/21/2014 7:11:18 AM PDT · by Kaslin · 66 replies
    Townhall.com ^ | July 21, 2014 | John Ransom
    When president Obama was lifted to the presidency promising hope and change, no community was more hopeful than the black community. And inside the black community, no city was prouder than Chicago. But not anymore. Today blacks are disenchanted with an administration—both Obama’s and the current one in Chicago—that has played them.The politicians, who have been so ready to write trillion dollar checks to Wall Street, auto companies and cronies haven’t spent a dime on addressing issues decimating the black community. Instead they have fostered more dependence, using money that rightly belongs in black pockets, to keep blacks servile and...
  • Jeff Sessions criticizes Bill Gates's call for STEM worker visas amid Microsoft layoffs

    07/21/2014 7:07:50 AM PDT · by SeekAndFind · 41 replies
    The Hill ^ | 07/21/2014 | Ramsey Cox
    Sen. Jeff Sessions (R-Ala.) criticized Microsoft founder Bill Gates for calling on Congress to increase STEM worker visas while the company plans to cut 18,000 jobs next year. “Super billionaires aren’t happy apparently. … They declare we need to import more foreign workers,” Sessions said on the Senate floor Thursday. “Mr. Gates says we need to let more and more people into our country to take those kinds of jobs.” Sessions was referring to an op-ed in which Gates called on the House to pass the bipartisan Senate immigration reform bill. That legislation would increase the number of worker visas...
  • Why Is Fed Considering Paying Banks Not To Lend To Main Street

    07/21/2014 5:39:12 AM PDT · by SeekAndFind · 35 replies
    IBD ^ | 07/21/2014 | Mike Cosgrove
    The Federal Reserve created a monster $4.3 trillion balance sheet, up by $3 trillion from 2008, through quantitative easing. QE ends this fall. Now the Fed is trying to figure out what to do with this monster. Their thinking seems to be that they can maintain control over it by paying banks more money to not make loans. So let's get this right. Households and businesses are attempting to borrow money from banks. But the Federal Reserve may eventually pay banks $100 billion per year not to lend to Main Street. Politicians will have a field day with that. The...
  • Flying soon? Expect fee turbulence [Obama-approved cost goes up today, 7/21/14]

    07/21/2014 5:38:59 AM PDT · by SoFloFreeper · 8 replies
    Atlanta Journal Constitution ^ | 7/20/14 | Mark Davis
    ....On Monday, Transportation Security Administration fee hikes go into effect, and they will have the greatest impact on travelers who make nonstop flights or have long layovers between flights. Critics say the agency should call the fees what they really are: a tax hike. “Anyway you look at it, this is an increase in taxes,” said Charlie Leocha, chairman of the consumer group Travelers United. The old fee had been $2.50 for a nonstop and $5 for a connecting flight. The maximum fee for a round trip was $10. The new security fee for all flights is $5.60. Any layover...
  • White House 'Quietly' Exempts 4.5 Million People In 5 "Territories" From Obamacare

    07/20/2014 7:18:51 PM PDT · by Lorianne · 27 replies
    Zero Hedge ^ | 20 July 2014 | Tyler Durden
    As WSJ reports, last week's geopolitical chaos and distraction was ideal for a news dump, and the White House didn't disappoint: On no legal basis, all 4.5 million residents of the five U.S. territories were quietly released from ObamaCare. It seems the costs of healthcare soared in these five territories due to uneconomic mandates - which woul dhave been a disaster PR-wise for the administration and so, under cover of catastrophe, WSJ reports all of a sudden last week HHS discovered new powers after "a careful review of this situation and the relevant statutory language," that enabled them to 'selectively...
  • Drought hinders California's clean energy goals

    07/20/2014 5:40:26 PM PDT · by Oldeconomybuyer · 16 replies
    Fresno Bee ^ | July 20, 2014
    SAN FRANCISCO — Already locked in its third dry year, an ongoing drought could complicate California's battle against global warming and make it more expensive, officials said. For years, dams have been one of California's main sources of clean energy, generating power without spewing greenhouse gases into the air. "If there's less hydro, the power has to come from somewhere," said Victor Niemeyer of the Electric Power Research Institute. "You have to burn more gas, and that costs more money." A power plant operator that uses more natural gas, raising its emissions, must make up by buying "allowances" under the...
  • 3 Uncomfortable Truths We Already Know About the MH17 Shootdown

    07/20/2014 4:04:22 PM PDT · by Hojczyk · 20 replies
    Popular Mechanics ^ | July 17,2014 | Joe Pappalardo
    1. Anti-Aircraft Missile Proliferation Is Out of Control The Malaysia Airlines 777 shot down today was flying at about 33,000 feet. It takes a big rocket—one about 16 feet tall—to hit a plane at that altitude. There was a time when the missile proliferation threat everyone worried about was the shoulder-fired variety. Now it seems that more powerful mid-range missiles are falling into the hands of rebel groups and untrained paramilitaries. It's pretty scary to consider that three fighting forces in the area—Russian government forces, Ukrainian government forces, and separatist rebels—have the technology that could have taken down the airliner....
  • Investment & Finance Thread (week July 20 - July 26 edition)

    07/20/2014 4:02:51 PM PDT · by expat_panama · 27 replies
    Weekly investment & finance thread ^ | July 20, 2014 | Freeper Investors
    Year-to-date wrap-up time.   General markets varied a lot but right now they're all together at 5-10% up so far.  Actually that's pretty good as it represents a 5-year doubling time.    click to enlarge  A closer look at stock indexes so far this year are showing roughly the same track but my dim eyes are somehow seeing us having a plateau for the past 3 weeks.  That's usually a good sign; witness the run-up after the mid-April basing. click to enlarge .As Torch says, "Discuss".  This is the thread where folks swap ideas on savings and investment --here's a list of popular...
  • Obama millions to fund 'transparency' projects ... OVERSEAS

    07/20/2014 3:58:26 PM PDT · by Steve Peacock · 3 replies
    WND ^ | July 20, 2014 | Steve Peacock
    Goal is 'greater accountability' ... for foreign nations' governments...[C]hanges to government transparency are in the works with a plan to spend up to $600 million of U.S. taxpayers’ money to launch programs to “foster greater accountability of institutions and leaders to citizens.” However, Obama’s plan won’t benefit the U.S. taxpayers, who will be on the hook for the changes. His plan is to help make foreign governments more accountabile to their citizens. The Democratic, Responsive, and Accountable GOverNance, or DRAGON, project is to develop strategies to encourage citizens “to participate actively in governance,” according to a “concept paper” that WND...
  • Debts mount, Shares Plunge for Malaysia Airlines

    07/20/2014 3:20:43 PM PDT · by nickcarraway · 17 replies
    Malaysia Sun ^ | Saturday 19th July, 2014
    • Malaysia Airlines shares down 11% Friday following Thursdays crash of MH17 • Double aviation disasters this year for Malaysia Airlines come amid existing financial difficulties • Airline was already more than USD $1 billion in the red before crashes KUALA LUMPUR, Malaysia - The embattled Malaysia Airlines may require a government rescue amid mounting debts, a severely deflated stock price and two major air disasters that will undermine confidence in the airline for years to come. Thursday's crash of Malaysia Airlines Flight MH 17 came just four months after Flight MH370 went missing en-route from Kuala Lumpur to China....
  • Jarrett: We must end pregnancy discrimination

    07/20/2014 2:52:10 PM PDT · by 2ndDivisionVet · 52 replies
    CNN ^ | July 20, 2014 | Valerie Jarrett
    More than 30 years ago, Congress wisely passed the Pregnancy Discrimination Act. Yet today, many pregnant women still experience unfair and unnecessary challenges on the job. Nondiscrimination has been the law of the land for over three decades, yet, in some workplaces, the standard for treatment of pregnant women has remained in the dark ages. Some are fired or demoted, with no hesitation, when a modest accommodation would allow them to continue to work and support their families. The stories are heart-wrenching and preventable. There's the pregnant woman who was terminated when, in violation of company policy, she started carrying...
  • Job growth picks up in states that raised minimum wage (barf alert)

    07/20/2014 1:51:17 PM PDT · by lowbridge · 21 replies
    http://www.foxnews.com ^ | july 19, 2014 | AP/Fox News
    But the state-by-state hiring data, released Friday by the Labor Department, provides ammunition to those who disagree. Economists who support a higher minimum say the figures are encouraging, though they acknowledge they don't establish a cause and effect. There are many possible reasons hiring might accelerate in a particular state. "It raises serious questions about the claims that a raise in the minimum wage is a jobs disaster," said John Schmitt, a senior economist at the liberal Center for Economic and Policy Research. The job data "isn't definitive," he added, but is "probably a reasonable first cut at what's going...
  • The Stunning Key That Could Unlock 160 Billion Barrels of Oil Trapped Underneath America

    07/20/2014 1:42:44 PM PDT · by ckilmer · 67 replies
    fool.com ^ | July 20, 2014 | By Matt DiLallo
    The Stunning Key That Could Unlock 160 Billion Barrels of Oil Trapped Underneath America By Matt DiLallo | More Articles July 20, 2014 | Comments (0)  Photo credit: Flickr/Melissa  It is estimated that there are 160 billion barrels of oil still trapped underneath this country in what are considered depleted oil fields. That's a tremendous amount of oil given that America uses about seven billion barrels of it each year. In fact, if we could only find the key to unlock this trapped oil we could extend fleeting our reserves by more than 22 years.That's why it probably comes as a surprise...
  • Obama Touts America's Strong Economy

    07/20/2014 12:20:10 PM PDT · by Hojczyk · 39 replies
    Breitbart TV ^ | July 19,2014
    On Saturday, President Obama used his weekly address to highlight recent positive economic indicators as an argument for raising the minimum wage and increasing spending on roads, infrastructure, and job training. The president said, "Over the past 52 months, our businesses have created nearly 10 million new jobs. The unemployment rate has fallen to its lowest point since 2008." He added, "In fact, for the first time in over a decade, business leaders worldwide have declared that China is no longer the world’s best place to invest – America is." "Our economy grows best not from the top-down, but from...
  • Big Corporations Have An OVERWHELMING Amount Of Power Over Our Food Supply

    07/20/2014 11:26:33 AM PDT · by SeekAndFind · 180 replies
    theeconomiccollapseblog ^ | July 14, 2014 | Michael Snyder
    From our fields to our forks, huge corporations have an overwhelming amount of power over our food supply every step of the way. Right now there are more than 313 million people living in the United States, and the job of feeding all of those people is almost entirely in the hands of just a few dozen monolithic companies. If you do not like how our food is produced or you don't believe that it is healthy enough, it isn't very hard to figure out who is to blame. These mammoth corporations are not in business to look out for...