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Articles Posted by socialism_stinX

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  • FEDERAL RESERVE Powell warns of ‘some pain’ ahead as the Fed fights to bring down inflation

    08/26/2022 11:29:50 AM PDT · by socialism_stinX · 82 replies
    CNBC ^ | 8/26/2022 | Jeff Cox
    Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause “some pain” to the U.S. economy. In his much-anticipated annual policy speech at Jackson Hole, Wyoming, Powell affirmed that the Fed will “use our tools forcefully” to attack inflation that is still running near its highest level in more than 40 years. Even with a series of four consecutive interest rate increases totaling 2.25 percentage points, Powell said this is “no place to stop or pause” even though benchmark...
  • Trump Campaign Files Lawsuit to Halt Vote Count in Michigan, Citing Lack of 'Meaningful Access' to Vote Count

    11/04/2020 11:41:56 AM PST · by socialism_stinX · 71 replies
    Townhall.com ^ | 11/4/20 | Reagan McCarthy
    As vote totals are close and results continue to return, the Trump campaign filed a lawsuit in the Michigan Court of Claims to halt vote counting until “meaningful access” has been granted. President Trump’s campaign claims that they have not been afforded fair access that is guaranteed by Michigan law.
  • Dow plunges 650 points in worst Christmas Eve trading session ever

    12/25/2018 8:59:36 PM PST · by socialism_stinX · 119 replies
    Fox Business ^ | 12/24/18 | Mike Obel
    U.S. stocks on Monday posted their worst Christmas Eve session ever, as a perfect storm of concerns drove investors to bail out of a market that was already badly bruised. The blue-chip Dow Jones Industrial Average had its steepest drop on Christmas Eve in its 122-year history. It also was the worst Christmas Eve for the tech-heavy Nasdaq Composite and the first time the broader S&P 500 ever had more than a 1 percent drop on Dec. 24. The loss for the S&P 500 put the index into bear market, where it joined the Nasdaq. If the markets had not...
  • March 12, 2018: Carbon Dioxide is a Cooling Gas According to NASA

    12/12/2018 9:20:51 PM PST · by socialism_stinX · 87 replies
    coldclimatechange.com ^ | 3/12/18 | matheus
    “Climate change can seem like a distant problem, a speck on the horizon. It’s not. It’s a present and deadly reality.” These words were recently printed by the Huffington Post. “Common sense dictates that the economy undergo a massive restructuring away from fossil fuels to save lives. And a growing body of research shows that the only way to avoid catastrophic levels of climate change is to cease production of vast amounts of “unburnable” carbon. The only problem with this is that it is based on the assumption that carbon is a warming gas that is heating the planet. Every...
  • GOP senator wants Trump to explain 'endgame' on tariffs

    04/11/2018 8:01:38 PM PDT · by socialism_stinX · 113 replies
    Nbcnews.com ^ | 4/8/2018 | Kailani Koenig
    WASHINGTON - Republican Sen. Mike Rounds on Sunday said President Donald Trump needs to explain his "endgame" to the American people when it comes to imposing tariffs on goods from foreign countries and said the U.S. should "quit fighting with Mexico and Canada."
  • Selloff in equity futures, Asian markets continues

    02/05/2018 11:26:29 PM PST · by socialism_stinX · 25 replies
    Fox Business ^ | 2/5/2018 | Reuters
    U.S. S&P 500 futures,the world's most liquid, tumbled as much as 2.5 percent to 4-month lows in Asian trade on Tuesday as the sell-off triggered by worries about inflation showed no sign of abating, indicating Wall Street could be set for another brutal day. Futures fell to as low as 2,542, the weakest levels since early October, and 11.7 percent below their record peak of 2,878.5 touched on Jan. 29. S&P futures were last down 1.6 percent while Dow futures were last down 2.2 percent. The slide added to sharp falls over the past week. The S&P 500 index and...
  • Trump Looks to Cut Corporate Tax Rate to 15 Percent

    04/26/2017 1:46:13 AM PDT · by socialism_stinX · 54 replies
    Townhall.com ^ | 4/25/17 | Leah Barkoukis Leah Barkoukis
    President Trump has his eye on a corporate tax rate of 15 percent, even if that means adding to the national deficit, the Wall Street Journal reported Monday. Trump reportedly told his aides to draft a proposal that could be presented to the American people this week. But such a plan would be an extremely tough sell to Republican lawmakers who’ve spent the last decade making debts and deficits a central issue, Politico’s Playbook notes. Plus, it could put future, permanent, tax cuts at risk.
  • Destroying the Electoral College: The Anti-Federalist National Popular Vote Scheme

    10/25/2012 4:35:12 PM PDT · by socialism_stinX · 21 replies
    The Heritage Foundation ^ | 10/27/11 | Hans von Spakovsky
    Abstract: The National Popular Vote (NPV) plan is the latest in a long line of schemes designed to replace the Electoral College. Imbued with the ideals of this nation’s Founders, the Electoral College has proved itself to be both effective in providing orderly elections for President and resilient in allowing a stable transfer of power of the leadership of the world’s greatest democracy. Therefore, while it would be a mistake to replace the Electoral College, replacing this system with the NPV would be a disaster. The NPV would devalue the minority interests that the Founders sought to protect, create electoral...
  • Hayden: Obama's Libya Adventure to Blame for Ambassador Death

    09/12/2012 7:08:21 PM PDT · by socialism_stinX · 17 replies
    Newsmax ^ | 9/12/12 | Jim Meyers and John Bachman
    Violent protests in Libya that claimed the life of the U.S. ambassador were the result of President Obama’s decision to intervene in the Libyan revolt without a “deep appreciation” for what would follow, former CIA Director Michael Hayden tells Newsmax. Hayden, a former four-star Air Force general, was appointed CIA director by President George W. Bush in 2006 and served until 2009. In an exclusive interview with Newsmax.TV on Wednesday, Hayden discusses the events in Libya: “I’m reminded of Secretary of State Powell’s comments about Iraq going back almost a decade — the Pottery Barn theory that if you break...
  • MF Global fallout delays U.S. farm seed, land deals

    12/08/2011 9:42:12 AM PST · by socialism_stinX · 26 replies
    CNBC.com ^ | 12/6/11
    CHICAGO - For the first time in 25 years, Minnesota farmer Dean Tofteland has missed his deadline to buy seed for next spring's corn and soybean crops. With $200,000 of his money yet to be returned from the accounts of MF Global, his former broker, the 49-year-old farmer has missed a $5,000 discount for early buyers, and is watching friends and neighbors snap up the best varieties of seeds. In the latest sign of how MF Global's failure is continuing to cascade across the commodity industry, Tofteland and other farmers who have yet to recover more than a third of...
  • Chesapeake Energy Corp. Reports Financial and Operational Results for 2Q 2011 (Ohio Oil Boom?)

    07/28/2011 9:10:26 PM PDT · by socialism_stinX · 6 replies
    Business Wire ^ | 7/28/11
    Having achieved successful results from recent drilling activities in eastern Ohio, Chesapeake is announcing the discovery of a major new liquids-rich play in the Utica Shale. Based on its proprietary geoscientific, petrophysical and engineering research during the past two years and the results of six horizontal and nine vertical wells it has drilled, Chesapeake believes that its industry-leading 1.25 million net leasehold acres in the Utica Shale play could be worth $15 - $20 billion in increased value to the company. Chesapeake’s dataset on the Utica Shale includes approximately 2,000 well logs, full-suite petrophysical data on approximately 200 wells, 3,200...
  • Taxes Upon Taxes Upon . . . (WSJ Editorial)

    07/11/2011 6:27:07 PM PDT · by socialism_stinX · 16 replies
    So the fondest Washington hopes for a grand debt-limit deal have broken down over taxes. House Speaker John Boehner said late Saturday that he couldn't move ahead with a $4 trillion deal because President Obama was insisting on a $1 trillion tax increase, and the White House quickly denounced House Republicans for scuttling debt reduction and preventing "the very wealthiest and special interests from paying their fair share." How dare Republicans not agree to break their campaign promises and raise taxes when the jobless rate is 9.2% and President Obama's economic recovery is in jeopardy? We think Mr. Boehner is...
  • China Facing Worst Energy Crisis in Years

    05/23/2011 1:59:00 PM PDT · by socialism_stinX · 19 replies
    Foxnews.com ^ | 5/17/11 | David Piper
    China is currently facing its worst energy crisis in years. It's so bad that their central planners must be having sleepless nights in Beijing worrying if the lights are about to go out and the factories will stop pumping out goods. Huge swaths of central China, including the financial center, Shanghai, are likely to face power cuts this summer as energy demand peaks. This is how the state-controlled China Daily newspaper summed up the situation: “Power shortages that gripped many parts of the country in recent months could herald the worst energy crunch in years amid growing concerns that economic...
  • Update: More Than 700 International Scientists Dissent Over Man-Made Global Warming Claims

    Prominent Japanese Geologist Dr. Shigenori Maruyama, a professor at the Tokyo Institute of Technology’s Department of Earth and Planetary Sciences who has authored more than 125 scientific publications, said in March 2009 that “there was widespread skepticism among his colleagues about the IPCC's fourth and latest assessment report that most of the observed global temperature increase since the mid-20th century ‘is very likely due to the observed increase in anthropogenic greenhouse gas concentrations.” Maruyama noted that when this question was raised at a Japan Geoscience Union symposium last year, ‘the result showed 90 per cent of the participants do not...
  • Attorneys General Battle NLRB Over Boeing Plant

    Nine state attorneys general sounded off in a letter to the National Labor Relations Board, calling a complaint it filed against Boeing for opening a production facility in South Carolina an assault on their states' economies. After receiving a complaint from the International Association of Machinists and Aerospace Workers, the NLRB claims Boeing participated in unfair labor practices by threatening to open new, non-union facilities elsewhere when workers went on strike at the company's Washington state production facility in 2008.
  • Fabricating Climate Science The Old-Fashioned NASA Way: It's 2011 And Hansen Still Pulls This (BS)

    04/26/2011 1:45:11 PM PDT · by socialism_stinX · 7 replies
    Obviously, the ocean heat data prior to 1980 reveals both large increases and decreases of an inconvenient nature that the NASA scientist does not want to bring any attention to. Of course, if the NASA scientist wasn't just pursuing a political agenda he might of also have brought attention to the fact that the majority of ocean basins (5 of 7) have recently been losing heat, or are flat, in direct contrast with his hypothesis that they are gaining from a CO2-caused energy "imbalance."
  • New Power Line Installed At Fukushima Daiichi Plant: Govt

    03/17/2011 11:01:03 AM PDT · by socialism_stinX · 99 replies · 1+ views
    Nikkei.com ^ | March 17, 2011
    TOKYO (Nikkei)--Japanese officials have installed cables to supply electricity from Tohoku Electric Power Co.'s (9506) power grid to the Fukushima Daiichi nuclear power plant, a step they hope will help inject water more efficiently into the facility's crippled reactors that are at the center of Japan's nuclear crisis, the government's Nuclear and Industrial Safety Agency said at a news conference Thursday night. Officials will try to connect the cable to the plant's No. 2 reactor on Friday, the agency said. The No. 2 reactor's containment vessel was partly damaged in its pressure suppression chamber. The reactor building is emitting vapor...
  • Radiation Levels Surge Outside Two Nuclear Plants in Japan

    03/11/2011 4:36:55 PM PST · by socialism_stinX · 143 replies
    Foxnews.com ^ | 3/11/11
    TOKYO – Japan declared states of emergency for five nuclear reactors at two power plants after the units lost cooling ability in the aftermath of Friday's powerful earthquake. Thousands of residents were evacuated as workers struggled to get the reactors under control to prevent meltdowns. Read more: http://www.foxnews.com/world/2011/03/11/japan-issues-emergency-nuke-plant-leak/#ixzz1GLApKL9w
  • Focus on Brazil: Drillers rack up more hits

    03/07/2011 11:00:07 AM PST · by socialism_stinX · 10 replies
    Offshore-mag.com ^ | 3/2/11 | Offshore staff
    Petróleo Brasileiro S.A. reports success from its extension drilling at exploration well 3-BRSA-891A-RJS in the Iara Evaluation Plan offshore Santos basin concession BM-S-11. The pre-salt well is 8 km (5 mi) from the discovery well and is in 2,279 m (7,477 ft) of water. Formation tests are to be performed to determine productivity. OGX Petróleo e Gás Participações S.A. reports hydrocarbons in its 1-OGX-31-RJS well in BM–C-41 in shallow waters of Campos basin. An oil column of about 149 m (489 ft) with approximately 48 m (157 ft) of net pay in the Albian section and a column of 59...
  • Buck-Bennet Race Still Very Close

    11/03/2010 9:47:46 AM PDT · by socialism_stinX · 38 replies
    DENVER (CBS4) ― Colorado's U.S. Senate race remains a toss up. Democratic Sen. Michael Bennet currently leads Republican Ken Buck by about 7,000 votes with 87 percent of precincts reporting. More than 1.6 million ballots have been counted in the race. Some projections showed the race could end up within half of 1 percentage point, which would trigger an automatic recount under Colorado law. Both Democrats and Republicans said last week they'd be ready for a possible recount.