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Keyword: cronycapitalism

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  • Obama’s Crony Capitalists Strike it Rich

    07/29/2014 10:51:18 AM PDT · by aimhigh · 13 replies
    Wall St Daily ^ | 07/28/2014 | Floyd Brown
    Take, for example, David Grain. According to Federal Election Commission reports, Grain gave $60,000 to Obama’s campaign and the DNC in 2008, and he gave $22,500 in 2012. Grain has also been a lucrative fundraising partner for Obama. In 2008, Grain helped raise an additional $200,000 to $500,000 for Obama, according to a report in Bloomberg News. And now, money is set to flow the other direction… You see, Grain owns a private equity firm called Grain Management, LLC. that failed to qualify under existing rules as a small business for an upcoming Federal Communications Commission (FCC) airwave license auction....
  • New Report on Tax Cronyism in the States

    07/24/2014 1:34:16 PM PDT · by ThethoughtsofGreg · 4 replies
    American Legislator ^ | 7-24-14 | Jacob Kohlhepp
    As the quest for tax reform sweeps the nation, policymakers are faced with the dilemma of how to best build a tax code that promotes fairness, removes roadblocks to economic growth and maintains enough revenue to provide the proper amount of public services. As ALEC has pointed out Rich States, Poor States and other publications, low tax rates and smart tax choices are the path to prosperity because they increase a state’s competitiveness and are the least hurtful to productivity. However, in the effort to lower rates and make the tax code less of a burden, there is another impediment...
  • Heritage Action Sentinel TwitterFest opposing re authorization of the Export Import Bank.

    07/24/2014 1:10:25 PM PDT · by Noremac
    Heritage Action For America ^ | July 24, 2014 | Richard Cameron
    #EndExIm Heritage Action for America is coordinating with its social media activists for a TwitterFest tonight beginning at 5:30PM EST until approximately 6PM EST on the need for Congress to put a final nail in the coffin of the wasteful, sometimes corrupt and ultimately unnecessary, Export-Import Bank. It's a form of rent seeking international pork for corporations that already have a viable business model without it. Eliminating it takes Congress out of the role of picking winners in the free market. Please post at least one Tweet with this link http://heritageaction.com/2014/04/export-import-bank-reauthorization/ and be sure to use the hashtag #EndExIm
  • Obamacare Official Gets Ethics Waiver as Former Company Faces Scrutiny

    07/23/2014 3:09:48 AM PDT · by markomalley · 2 replies
    Daily Signal ^ | 7/23/2014 | Melissa Quinn
    Andrew Slavitt, a former executive at the technology company tasked with saving HealthCare.gov and current second-in-command at the Centers for Medicare and Medicaid Services, was granted an ethics waiver by the Department of Health and Human Services to begin working with his former company immediately.The waiver was granted despite Republican lawmakers’ concerns about Slavitt’s potential conflict of interest. The Daily Signal revealed those concerns in a story yesterday.Slavitt, a former OptumInsight/QSSI group vice president, left the company last month to work as the principal deputy administrator at the Centers for Medicare and Medicaid Services, which runs Obamacare and HealthCare.gov. His...
  • Crony-Capitalism is A Great Way to Kill a Gun Company

    07/19/2014 11:31:50 AM PDT · by Kaslin · 30 replies
    Townhall.com ^ | July 19, 2014 | Michael Schaus
    t they do best: Go on strike. By 1988, the company had lost a number of high-dollar contracts, and the end of their beginning was clearly at hand. In the decade to follow, their competitors warmly embraced America’s newfound fascination with the civilian market, concealed carry, and home defense. Colt, on the other hand, decided to take a more pragmatic approach. And, by “pragmatic”, I mean “liberal” approach: A wealthy industrialist, from the heart of a non-gun-owning Manhattan family, decided he could steer the company to better times. With a man who knew nothing about guns at the helm, Colt...
  • Obamacare, Cronyism, and Bailouts for Corrupt Health Insurance Companies

    07/16/2014 3:10:53 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | July 16, 2014 | Daniel J. Mitchell
    I thought TARP was the sleaziest-ever example of cronyism and corruption in Washington. The Wall Street bailout rewarded politically well-connected companies, encouraged moral hazard, and ripped off taxpayers. Heck, it was so bad that it makes the sleaze at the Export-Import Bank seem almost angelic by comparison. But I may have to reassess my views. One of the provisions of Obamacare allows the White House to give bailouts to big health insurance companies. You’re probably wondering why these big firms would need bailouts. After all, didn’t Obamacare coerce millions of people into becoming involuntary customers of these companies? That should...
  • Report: Us Propaganda Song Discouraging 'Death Train' Trips Tops Charts In Central America

    07/14/2014 11:10:20 AM PDT · by SeekAndFind · 17 replies
    Breitbart ^ | 07/14/2014 | Tony Lee
    The U.S. government has created a widely popular song about the "death train" to discourage Central Americans from risking their lives in pursuit of the amnesty that they believe awaits them across the U.S.-Mexico border. The Daily Beast reported that "La Bestia" is a hit song in Central America that is a part of America's propaganda campaign to let Central Americans know about the dangers of the "death train," which is also called "the beast." “Migrants from everywhere, entrenched along the rail ties. Far away from where they come, further away from where they go,” the song informs Central American...
  • Corruption you can’t imagine

    07/14/2014 5:42:55 AM PDT · by jmcenanly · 3 replies
    Euromaidan Press ^ | July 13, 2014 | Thomas Theiner
    n December 2013 Ukrainians rose up against the government of Viktor Yanukovych, who had won the 2010 presidential elections. Since he fled Kyiv last February journalists and pundits form the West have declared the Ukrainian revolution to be a geopolitical revolution or a pro-EU revolution; while propaganda from Moscow tries to paint the Ukrainian revolution as a fascist putsch. They are all wrong! The spark that lit the Ukrainian revolution was Yanukovych’s rejection of a trade pact with the European Union, yet the reason for the revolution was the population’s despair with the most omnipresent, all-encompassing and brutal system of...
  • Sen Kirk not planning to back Manchin Ex-Im bill [Schumer's bi-partisan bill - poof!?]

    07/02/2014 12:50:02 AM PDT · by Cincinatus' Wife · 7 replies
    The Hill ^ | July 1, 2014 | Kevin Cirilli
    Sen. Mark Kirk’s (R-Ill.) office said the centrist senator has no plans to co-sponsor bipartisan legislation to reauthorize the Export-Import Bank. The move comes after Sen. Charles Schumer (D-N.Y.) announced Senate Democrats would organize a vote on reauthorizing Ex-Im, a top priority for the U.S. Chamber of Commerce and other business groups, soon after the July 4 recess. Schumer’s move highlights how renewing the Export-Import Bank is becoming more of a partisan issue. Republicans are divided over renewing Ex-Im, with Tea Party conservatives arguing the bank’s financing of loans and loan guarantees is a form of crony capitalism best left...
  • Former EU officials and an MEP land ‘revolving door’ jobs

    06/30/2014 4:51:23 AM PDT · by Olog-hai · 1 replies
    EU Observer ^ | 30.06.14 @ 09:29 | Nikolaj Nielsen
    A handful of former EU officials and an outgoing top MEP have landed jobs in industry sectors that they legislated on. The cases highlight what pro-transparency experts describe as a “revolving door” where policymakers are hired to work for private companies with a vested interest in EU-level legislation.Last October, two consultancy firms hired João Pacheco. Pacheco was at that time the European Commission’s deputy director of agriculture. Today, he is the director for European markets AFJ and associates in the US. He is also president at the Brussels-based JSPacheco-International consultancy firm. …
  • Clinton can’t stop gaffes on crony capitalism

    06/23/2014 8:42:44 AM PDT · by PoloSec · 17 replies
    Washington Examiner ^ | June 23 2014 | Chris Stirewalt
    CLINTON CAN’T STOP GAFFES ON CRONY CAPITALISM Can Hillary Clinton, who says she and her husband went on from being “dead broke” in 2001 to rake in an estimated $155 million, run for president as the nominee of a party that is obsessed with income inequality? No problem, she told The Guardian, because the Clintons pay their taxes. The Democratic 2016 frontrunner dismissed the idea that voters would see a corporate-connected candidate with a nine-digit income in the past decade as part of the problem: “‘But they don't see me as part of the problem,’ she protests, ‘because we pay...
  • Prosecutors subpoena Congress in trading probe

    06/18/2014 5:10:20 PM PDT · by Oldeconomybuyer · 11 replies
    Market Watch ^ | June 18, 2014 | By Brody Mullins and Andrew Ackerman
    WASHINGTON — Prosecutors are gathering evidence for a grand-jury probe into whether congressional staff helped tip Wall Street traders to a change in health-care policy, an indication the long-running investigation has entered a more serious phase. Public documents show federal law-enforcement officials and the Securities and Exchange Commission are seeking records and other evidence from the House Ways and Means Committee and a top congressional health-care aide, Brian Sutter, staff director of the Ways and Means Committee’s health-care subpanel. The probe was sparked by a 2013 Wall Street Journal report that detailed how health-insurance stocks jumped moments before the government...
  • Hoyer: Only Hensarling Blocking Export-Import Bank Reauthorization

    06/18/2014 1:15:16 AM PDT · by Cincinatus' Wife · 4 replies
    Roll Call ^ | June 17, 2014 | Emma Dumain
    There’s only “one member of the Republican Party” holding up reauthorization of the Export-Import Bank, according to Minority Whip Steny H. Hoyer: Financial Services Chairman Jeb Hensarling, R-Texas. “I don’t think there’s any doubt [he's] the one holding it up,” the Maryland Democrat told reporters at his weekly press briefing Tuesday morning. “It’s not an impression. It’s a fact.” Hoyer went on to say that House GOP leaders, particularly outgoing Majority Leader Eric Cantor of Virginia, want to reauthorize the institution designed to help U.S. companies finance goods for sale overseas. The two lawmakers actually worked closely together at the...
  • Kill Keystone Pipeline And You Kill Americans

    06/11/2014 5:22:38 PM PDT · by jazusamo · 8 replies
    Investors.com ^ | June 11, 2014 | IBD Editorial
    Energy: As a big Dem donor talks of pipeline terrorism, new federal reports warn that killing Keystone XL will overburden rail transport of oil and result in more frequent and deadlier environmental disasters. Environmentalists who claim that the Keystone pipeline from Canada represents an unprecedented environmental threat ignore that the pipeline would pose no greater danger than the more than 50,000 existing miles of safely operating pipeline already crisscrossing the U.S. They also ignore the very real and growing environmental danger in the only viable alternate for transporting oil — by rail. Keystone would not only carry oil from Canada...
  • Goldman's Top Economist Just Made The Call We've Been Waiting 5 Years To Hear

    06/09/2014 1:02:53 PM PDT · by blam · 47 replies
    BI ^ | 6-9-2014 | Joe Weisenthal
    Joe Weisenthal June 9, 2014 Goldman's top economist, Jan Hatzius, just said the words we've been wanting to hear for five years. He believes the economy is now growing at an above-trend pace. Goldman's own proprietary current activity indicator (CAI) is showing its fastest growth since the crisis, and though he acknowledges that some of the strong May activity is the result of a snapback from a tough winter, he says that even without that snapback we're still growing at a strong rate. Here's his statement: Despite the 1% drop in real GDP in the first quarter, we believe that...
  • Crazier and Crazier Ideas from Government Economic Managers

    06/08/2014 2:33:31 PM PDT · by Kaslin · 11 replies
    Townhall.com ^ | June 8, 2014 | Hunter Lewis
    Are on the way. . . . It is major news that the European Central Bank has instituted negative interest rates for member banks. This could soon spread to the US and also to consumer accounts. If so, you would find money taken out of your bank account each quarter unless you spend it. The idea is that if low rates are not yet persuading you to spend, then why not punish you even more for saving. To make this more effective, there would also be a push for all electronic money, to keep you from stashing any away...
  • Joel Osteen Doesn’t Want Anti-Gay Stance To Define His Ministry

    06/03/2014 5:26:52 AM PDT · by goodwithagun · 18 replies
    webpronews ^ | June 4, 2014 | Val Powell
    Pastor Joel Osteen is open about his disapproval of gay marriage, but he does not want his opinion to define his whole ministry. During a talk with Osteen and his wife Victoria, HuffPost Live’s Marc Lamont Hill asked him if gay marriage goes against the rules of Christianity.
  • How Google Got States To Legalize Driverless Cars

    05/30/2014 11:13:25 PM PDT · by Lmo56 · 85 replies
    Associated Press ^ | 5/30/14 | Justin Pritchard
    MOUNTAIN VIEW, Calif. (AP) -- About four years ago, the Google team trying to develop cars driven by computers - not people - concluded that sooner than later, the technology would be ready for the masses. There was one big problem: No state had even considered whether driverless cars should be legal. And yet this week, Google said it wants to give Californians access to a small fleet of prototypes it will make without a steering wheel or pedals. The plan is possible because, by this time next year, driverless cars will be legal in the tech giant's home state.
  • End Crony Capitalism, Sell Federal Land, Limit Tax Breaks for the Rich

    05/23/2014 6:08:55 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | May 22, 2014 | Michael Barone
    Gummit don't work good. That conclusion, often that inelegantly expressed, seems to be more and more common, not only in the United States but around the world. It is certainly the verdict of John Micklethwait and Adrian Wooldridge in their new book "The Fourth Revolution: The Global Race to Reinvent the State," although expressed, as you might expect from the editor and business editor of the Economist, in far more urbane language. Their thesis is that the state has been reinvented three times in the last 400 years, and needs reinvention once more. The first revolution they name after Thomas...
  • Green billionaire prepares to attack 'anti-science' Republicans

    05/22/2014 10:32:38 AM PDT · by PaulCruz2016 · 29 replies
    CNN ^ | 05-22-2014 | Peter Hamby
    An environmental advocacy group backed by hedge fund tycoon Tom Steyer is set to unleash a seven-state, $100 million offensive against Republican "science deniers" this year, a no-holds-barred campaign-style push from the green billionaire that could help decide which party controls the Senate and key statehouses come November. The Steyer-backed outside group, NextGen Climate, has billed itself as a progressive, pro-environment counterbalance to the wealthy oil and gas industry -- as well as the primary foil to the pro-business Koch brothers and their well-funded conservative donor network. The outfit, launched last year by the San Francisco billionaire, has already pledged...
  • Brood of vipers: Health care edition

    05/21/2014 11:52:45 AM PDT · by Oldpuppymax · 2 replies
    Coach is Right ^ | 5/21/14 | Michael D. Shaw
    Anyone out there still believe that the Affordable Care Act (Obamacare) has anything to do with improving health care, or making it affordable? The original claim was that ACA was all about getting those poor uninsured people insured. As I have stated many times, had they done this, it would have been admirable, and would have had my support. Except, that was never the goal, and besides, they were far too stupid to accomplish that anyway. Instead, the ACA has become a massive crony capitalism boondoggle whose only beneficiaries are the usual suspect health care parasites—in this case largely health...
  • Obama Devotes $2 Bil to Make Federal Buildings Energy Efficient

    05/16/2014 12:05:52 PM PDT · by jazusamo · 32 replies
    Judicial Watch ^ | May 16, 2014
    It’s bad enough that American taxpayers have been repeatedly fleeced by President Obama’s many failed “green” projects, now the commander-in-chief is dedicating an extra $2 billion—on top of $2 billion already dispersed in 2011—to make federal buildings in the United States energy efficient. It’s a necessary expense to protect the planet, according to the global warming movement spearheaded—and largely funded—by the U.S. government and much of the international community. This particular investment will cut carbon pollution by more than 380 million metric tons, according to a White House announcement. That’s equivalent to removing 80 million cars from roads for a...
  • Hunter Biden to Ukraine Gas Board

    05/13/2014 2:15:28 PM PDT · by lbryce · 18 replies
    Politico ^ | May 13, 2014 | LUCY MCCALMONT
    Hunter Biden, the younger son of Vice President Joe Biden, will be joining Ukraine’s largest private gas producer, the company announced in a statement. “The company’s strategy is aimed at the strongest concentration of professional staff and the introduction of best corporate practices, and we’re delighted that Mr. Biden is joining us to help us achieve these goals,” Alan Apter, Burisma Holdings’ chairman of the board of directors, said in a statement, which was reported by The Moscow Times on Tuesday. Biden, joining the board, will be in charge of the legal unit, the company said and will provide support...
  • Tim Geithner is no hero, no matter how many times he says that he is one

    05/14/2014 10:46:33 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | May 14, 2014 | Nick Sorrentino
    TARP was the absolute height of crony capitalism. Many of the big banks should have gone down, but in the midst of a “Blackberry panic” – as David Stockman puts it – the masters of the masters of the universe lost sight of reality and the nature of markets. Yes, Goldman Sachs would have gone down. But this would have been a GOOD THING. The blood which should have filled the the streets of Downtown Manhattan would have washed the unsustainable leverage clean from the system (for a while.) Giants are meant to fall. It would have been good for...
  • Obama Blocks Keystone To Start Energy Takeover

    05/13/2014 5:00:38 PM PDT · by jazusamo · 21 replies
    Investors.com ^ | May 13, 2014 | Scott Powell
    After successfully bringing more than 30% of the U.S. economy — the health care and financial services industries — under political control during his first term, President Obama made it clear last week that a priority of his second term is to go after the energy sector — another 10.5%. The purpose of the White House's orchestrated release of the National Climate Assessment on May 7 was to set the stage to drive energy markets and fossil fuels under the heel of more government regulation. Most Americans would celebrate knowing that the U.S. is on the cusp of oil and...
  • Etsy gets $5M to stay in boro it said it’d never leave (Brooklyn NYC)

    05/13/2014 5:12:32 PM PDT · by Olog-hai · 27 replies
    Crain’s ^ | May 13, 2014 2:02 P.M | Thornton McEnery
    Gov. Andrew Cuomo announced Tuesday morning that Etsy is getting $5 million from New York state to stay in Brooklyn, a pretty nice sum for a company whose CEO publicly acknowledged just weeks ago that it “could only exist in Brooklyn.” “A company like Etsy could only exist in Brooklyn,” Etsy CEO Chad Dickerson said during an April 23 appearance at a Brooklyn Tech Triangle symposium. “Almost all of our employees live in Brooklyn and our Manhattan employees are treated with scorn.” Etsy, which was founded in Brooklyn in 2005, plans to add more than 340 jobs by 2019 (a...
  • Obama heads to Walmart to praise energy efficiency

    05/09/2014 6:11:19 PM PDT · by ProtectOurFreedom · 10 replies
    San Jose Mercury News ^ | 5/9/14 | Heather Somerville, Josh Richman and Becky Bach
    President Obama spoke at a Walmart in the heart of Silicon Valley and rolled out his plan for energy reform, an ambitious effort to convert more businesses, homes and government buildings to solar power. Obama praised the store's solar panels, LED lighting and updated refrigeration systems as examples of the redoubled efforts he wants private companies and the government to make toward a cleaner, greener future. Obama's choice of Walmart to highlight energy efficiency enraged those who see the retail giant and its low-wage jobs as a major driver of the income gap that Obama so often speaks of trying...
  • WH: 'Retrofitting Buildings...Is One Way to Create Jobs'

    05/08/2014 8:28:45 PM PDT · by Nachum · 46 replies
    CNS News ^ | 5/8/14 | Susan Jones
    (CNSNews.com) - As job growth lags in the sluggish economic recovery, the Obama White House is pointing to climate change policies as a fix: Efforts to reduce carbon pollution, far from costing jobs, will create them, a White House spokesman told reporters on Wednesday: "Retrofitting buildings and modernizing them is one way to create jobs," Josh Earnest said. "It saves companies money in terms of their energy costs, but it also creates jobs in terms of people who are installing updated lighting, modern heating and cooling systems, and other things that make buildings more efficient." Earnest noted that President Obama...
  • 10 years of EU membership through the business eye

    05/04/2014 11:51:08 AM PDT · by Berlin_Freeper
    maltatoday.com ^ | 4 May 2014 | Frederick Attard
    Ten years since Malta accessed the European Union, the country’s business community has been provided with the necessary platform to expand their produce and improve their opportunities, but while the majority of companies have flourished amid increasing competition, some failed to meet EU standards. In the wake of Malta’s milestone anniversary, Sunday newspaper Illum interviewed four business directors – all of whom voiced their delight at how the local business community improved since May 2004. Famalco’s Business Director Hermann Mallia, Saint James Hospital Director Maria Bugeja, Impressions Managing Director Ron Mifsud and the CEO of Malta Business Bureau Joe Tanti,...
  • New Union Ad Says Beer in Grocery Stores 'Kills Children'

    05/04/2014 11:13:18 AM PDT · by Kaslin · 66 replies
    Townhall.com ^ | May 4, 2014 | Nick Sorrentino
    The liquor store union in Pennsylvania is on the ropes. Right now if one wants to buy beer or liquor in the Keystone State one must buy it from the state owned liquor stores. Run by state employees. But soon Pennsylvania will likely join the civilized world in allowing its residents to buy beer the way God intended. From a gas station. This is curtains for the liquor store employee union and it is not giving up without a fight. The spin guys for the union put together this ad to warn us that if booze was taken out of...
  • “British Tea Party” UKIP could beat out the Conservatives, Labour, and the Lib Dems in EU elections

    04/28/2014 7:32:26 AM PDT · by Kaslin · 30 replies
    Townhall.com ^ | April 28, 2014 | Nick Sorrentino
    Though there are important differences in the the flavors of UKIP and the Tea Party in the US, both groups represent a pro market, pro entrepreneur, deeply middle class, anti centralized government, and anti-establishment perspective. Both represent a reemergence of classical liberalism (with exceptions on both sides) on a large scale.
  • Nevada Cattle Rancher Wins ‘Range War’ With Feds

    04/14/2014 8:14:59 AM PDT · by Kaslin · 165 replies
    Townhall.com ^ | April 14, 2014 | Nick Sorrentino
    This is the power of social media. This is the power of personal video cameras. This is the power of citizen journalists. And the next time Senator Feinstein calls for “licencing” only “legitimate journalists,” that the 1st Amendment only extends to people who work at the New York Times, Washington Post, or MSNBC, remember this moment. This is how the bullies with the power, the cronies and their allies, are turned back. Dianne Feinstein First Amendment Is A Special Privilege This is not about a rancher owing the Bureau of Land Management money. This is about a federal government which...
  • The Troubling Legacies of Racism and Crony Capitalism

    04/11/2014 8:27:06 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | April 11, 2014 | Scott Rasmussen
    Conservatives and liberals had entirely different reactions to the recent confrontation between Attorney General Eric Holder and Republican Congressman Louie Gohmert. After the event, Holder expressed his view that no previous attorney general or president had ever had to deal with such treatment and that the reason had to do with race. Gohmert, on the other hand, said he was just performing congressional oversight because he didn't think Holder was doing his job. This is the latest episode in an American tragedy that has been unfolding since the English first settled colonies in North America. In July 1619, the first...
  • I Can't Believe the U.S. Government Wants to Unleash This on the Public

    04/09/2014 7:11:08 AM PDT · by Vigilanteman · 3 replies
    Money Morning ^ | 8 April 2014 | Shah Gilani
    Do you know Ally Financial Inc.? You've no doubt seen their commercials. They used to be all over the tube hawking their high-yielding certificates of deposit. Now they're all over the tube with their "no hidden fees" campaign. . . . But Ally isn't funny. It recently announced that it's launching an initial public offering (IPO) of its stock at a price per share of $25 to $28. The shares will be offered by the U.S. Treasury as part of its planned exit of its investment in Ally during the subprime crisis in 2008. I've heard some analysts say this...
  • DeMint: ‘Big Business Is No Friend of Conservatism’

    04/08/2014 11:27:37 PM PDT · by Olog-hai · 25 replies
    Cybercast News Service ^ | April 8, 2014 - 9:48 AM | Terence P. Jeffrey
    Former Sen. Jim DeMint, the president of the Heritage Foundation, writes in his new book—“Falling in Love With America Again”—about the cozy relationship between big business and big government. “Almost all big corporations benefit from, advocate for, and downright like big government,” DeMint writes. […] “These big companies like to write regulations that make it harder for the smaller companies to compete with them,” DeMint said. “The large companies can deal with a regulatory maze much better than the small companies can. Like the big tobacco companies wanted the FDA to regulate cigarettes because they knew the smaller companies could...
  • Moran on Pay Hike: Lawmakers Would Get 114.6% More Than Average Fed Worker

    04/05/2014 9:00:18 PM PDT · by Olog-hai · 26 replies
    Cybercast News Service ^ | April 4, 2014 - 1:01 PM | Penny Starr
    Representative Jim Moran (D-Va.) said on Monday that the $174,000 salary a member of Congress makes is not sufficient to live in the District of Columbia, even as he introduced legislation last month to raise the pay for federal workers by 3.3%—an increase that would provide a salary 114% less than the average made by lawmakers. “I think the American people should know that the members of Congress are underpaid,” Moran told CQ Roll Call. “I understand that it’s widely felt that they underperform, but the fact is that this is the board of directors for the largest economic entity...
  • Hungary’s Fidesz tipped to win big in Sunday vote

    04/05/2014 3:10:46 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Apr 5, 2014 4:24 AM EDT | Pablo Gorondi
    Hungary’s governing party is tipped to win parliamentary elections Sunday, while a far-right party is expected to make further gains, according to polls. Prime Minister Viktor Orban’s Fidesz party and its small ally, the Christian Democrats, are expected to win easily and they may even retain the two-thirds majority in the legislature gained in 2010 which allowed them to pass a new constitution, adopt unconventional economic policies, centralize power and grow the state’s influence at the expense of the private sector.Polls predict Fidesz will win around 45-50 percent of the votes, with a close race for second between a coalition...
  • (European) Commission plans to tap pension funds to kickstart business

    03/29/2014 12:09:51 AM PDT · by Olog-hai · 6 replies
    EU Observer ^ | 28.03.14 @ 10:01 | Benjamin Fox
    Tapping pension funds and encouraging online crowd funding are at the heart of plans unveiled by the European Commission to kickstart business investment. Speaking on Thursday (27 March), financial services commissioner Michel Barnier said the Commission’s blueprint on “long-term financing” published the same day was needed to further encourage alternatives to traditional bank lending which remains stagnant more than five years since the start of the financial crisis. “Our financial system must regain and increase its ability to finance the real economy,” he said, adding that “we need to diversify financing sources in Europe and improve access to finance for...
  • Oregon Obamacare website cost $300 million in tax dollars, 0 enrollees, as in none.

    03/23/2014 1:21:02 PM PDT · by Kaslin · 27 replies
    Townhall.com ^ | March 23, 2014 | Nick Sorrentino
    I can barely put 2 pieces of code together but I’ll bet I could have made a website which enrolled at least one person at this point. Well I could have hired someone anyway. Oregon couldn’t even do that. (From Breitbart.com) Rep. Jason Conger, the other Republican on the panel, says officials in charge including executive director Rocky King, who left his job in December, should have known better than to try to pull off a project of this scope without hiring an IT contractor to run it. “I think it reflects a certain amount of arrogance that it...
  • Tech giants commit to helping Obama spread word on climate change

    03/19/2014 1:37:51 PM PDT · by Oldeconomybuyer · 25 replies
    CNN ^ | March 19, 2014 | by Kevin Liptak
    President Barack Obama is getting some help from the country's tech giants in his effort to show Americans how climate change will affect their communities. The Obama administration thinks that local data, which may have a real-world effect on Americans' lives, will provide a convincing argument for steps to prevent climate change. The risk rising sea levels have on individual communities will be the focus of a new website, climate.data.gov, which uses government data to put environmental changes in context. The White House also called on tech companies to develop tools for Americans to better get a grasp on how...
  • Crony Corporatism Shouldn’t Be Fast Tracked

    03/15/2014 3:41:02 PM PDT · by Kaslin · 7 replies
    Townhall.com ^ | March 15, 2014 | Jerry Rogers
    Historians will one day look back at the presidency of Barack Obama and highlight the administration’s dangerous willingness to short-circuit the Constitution when convenient. From refusing to enforce immigration laws and disregarding rules governing presidential appointments to the outright takeover of our health care system, President Obama has repeatedly painted outside the lines to reward his friends, punish his enemies or to achieve his legislative and political objectives. There can be little debate that Hollywood and the recording industry have been some of the president’s strongest allies. They invested millions in his reelection campaign and are often credited with helping...
  • Whether You Call it Socialism, Statism, Fascism, or Corporatism,

    03/12/2014 3:04:13 PM PDT · by Kaslin · 27 replies
    Townhall.com ^ | March 12, 2014 | Daniel J. Mitchell
    Regular readers may have noticed that I generally say that advocates of big government are “statists.” I could call them “liberals,” but I don’t like that using that term since the early advocates of economic and personal liberty were “classical liberals” such as Adam Smith, John Locke, and Jean-Baptiste Say. And proponents of these ideas are still called “liberals” in Europe and Australia. I could call them “socialists,” but I don’t think that’s technically accurate since the theory is based on government ownership of the means of production. This is why I’ve been in the strange position of defending Obama...
  • Charity Gets No Respect

    03/09/2014 9:06:21 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | March 9, 2014 | Hunter Lewis
    There is a common saying on Capitol Hill that those who do not come to the table will become the lunch. This refers to those who fail to hire sufficiently well connected lobbyists or make large campaign contributions. Even those who do come to the table may get carved up. When President Obama called the parties making money from medicine into the White House to discuss what would become of Obamacare, most of the special interests tried to make a deal. With the Democrats controlling Congress and the White House, they knew that defiance would likely backfire. The major insurance...
  • Obama to pitch health care on WebMD

    03/09/2014 7:30:37 AM PDT · by Oldeconomybuyer · 19 replies
    Sacramento Bee ^ | March 7, 2014 | By Lesley Clark, McClatchy
    President Obama next week will champion his health care law on WebMD, which bills itself as the “leading source of health information for consumers and health care professionals.” The White House says Obama will answer questions about health care and the Affordable Care Act from WebMD users during a conversation with the site's health care reform expert, Lisa Zamosky. The interview will air March 14 and WebMD users can pose questions atWebMD.com/AskObama.
  • Warren Buffet's Berkshire Hathaway posts record profit in 2013

    03/01/2014 5:51:18 AM PST · by SeekAndFind · 11 replies
    Reuters ^ | 03/01/2014
    Warren Buffett's conglomerate Berkshire Hathaway posted a record profit in 2013, jumping 31 percent over the previous year, the company said in its annual report, released on Saturday. Profit for the full year rose to $19.5 billion from $14.8 billion in 2012. Net income rose to $4.99 billion in the fourth quarter, or $3,035 per Class A share, from $4.55 billion, or $2,757 per share, a year earlier.
  • US Sen. Durbin lauds federal manufacturing grants

    02/23/2014 11:19:50 AM PST · by Olog-hai · 14 replies
    Associated Press ^ | Feb 23, 2014 2:03 PM EST
    Top Illinois politicians say a multimillion-dollar institute bound for Chicago will be the nation’s flagship research site for digital manufacturing. Democratic U.S. Sen. Dick Durbin, Chicago Mayor Rahm Emanuel and Gov. Pat Quinn on Sunday publicly heralded Chicago’s selection by the Defense Department as the site of one of two manufacturing institutes. …
  • Obama's Two Americas: The Economy and How Democrats Win Elections

    02/14/2014 5:36:02 AM PST · by Bratch · 1 replies
    Big Government ^ | February 13, 2014 | Peter Morici
    President Obama is dividing America into two nations—one rich, the other increasingly poor, and both more likely to elect Democrats. Americans growing richer support his policies, and those growing poorer are increasingly dependent on Democratic politicians for government handouts. In this century, the economy has not performed well, and a jobs shortage has driven down the income of most Americans. Obama’s “recovery” has managed only 2.4 percent growth, but George W. Bush’s expansion scored about the same rate and then collapsed altogether. Since 2001, when Bush took office, the U.S. economy has created only 4.7 million jobs—about 30,000 a month...
  • The Wages of Cronyism, Big Government, and Corruption

    02/11/2014 8:45:52 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 11, 2014 | Daniel J. Mitchell
    The Bible says that “the wages of sin is death,” but the same can’t be said of Washington, DC. The bureaucrats, lobbyists, politicians, contractors, insiders, cronyists, and influence peddlers have rigged the system so that they get rich by diverting money from people in the productive sector of the economy. How bad is the disconnect between Washington and real America? Well, according to Gallup’s Economic Confidence Index, people in every state have a negative outlook. But there is one outpost of giddy prosperity, and that’s the District of Columbia, where residents have a 20-point gap compared to the most optimistic...
  • Google subsidiary to run nearby federal airfield

    SAN FRANCISCO (AP) — The U.S. government has picked a Google subsidiary to run and renovate a federal airfield that is frequently used for the personal flights of the Internet company's billionaire executives. The decision announced Monday clears the way for Google's Planetary Ventures LLC to take over management of the 1,000-acre Moffett Federal Airfield, a former U.S. Navy based 4 miles from Google's Mountain View, Calif., headquarters. The airfield, which was built in the 1930s, has been managed by NASA's Ames Research Center for the past 23 years. Financial terms of the new arrangement still must be worked out...
  • Eric Cantor Earns an Opponent - Dave Brat

    02/10/2014 7:18:10 AM PST · by xzins · 26 replies
    Conservative HQ ^ | 2/10/14 | CHQ Staff
    Once thought of as a possibly more conservative alternative to establishment Republican Speaker John Boehner, establishment Republican House Majority Leader Eric Cantor (VA-7) long ago proved he is fully invested in Boehner’s lobbyist-driven legislative agenda. The Murray-Ryan budget and Amnesty for illegal aliens are just the latest in a long list of betrayals conservatives have suffered at the hands of Eric Cantor. From breaking the spending caps in the sequester, to voting for the Wall Street bailout through the Troubled Asset Relief Program (TARP), when faced with a choice between business -as -usual and fighting for limited- government constitutional conservative...