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Keyword: economy

Brevity: Headers | « Text »
  • Canada GDP unexpectedly shrinks in first quarter

    05/29/2015 7:43:46 AM PDT · by Oldeconomybuyer · 20 replies
    Market Watch ^ | May 29, 2015 | By Paul Vieira
    OTTAWA--The Canadian economy shrank in the first quarter, posting its worst three-month performance in the post-crisis era, as business investment plunged in response to the decline in crude prices. Canada's gross domestic product declined 0.6% on an annualized basis in the first quarter, to 1.762 trillion Canadian dollars ($1.416 trillion), Statistics Canada said Friday. Market expectations were for 0.3% advance in the January-to-March period, according to a report from Royal Bank of Canada.
  • US ECONOMY SHRANK AT 0.7 PERCENT RATE IN FIRST QUARTER

    05/29/2015 5:47:11 AM PDT · by tellw · 102 replies
    AP ^ | 5/29/2015 | MARTIN CRUTSINGER
    WASHINGTON (AP) -- The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated. The Commerce Department says the overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period. The revised figure, even weaker than the government's initial estimate of a 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending. It marked the first decline since a 2.1 percent contraction in the first three months of...
  • Scott Walker calls EPA power plant rule 'unworkable'

    05/29/2015 12:44:42 AM PDT · by Cincinatus' Wife · 14 replies
    Washington Examiner ^ | May 28, 2015 | Zack Colman
    Wisconsin Gov. Scott Walker has signaled in a letter to President Obama that his state might not comply with a forthcoming rule limiting carbon emissions from power plants. The likely GOP presidential candidate told Obama in the May 21 letter that he has "deep concerns regarding our ability to develop a state plan to comply with" the proposed Environmental Protection Agency targets. The implicit threat makes Walker the highest-profile governor to consider endorsing Senate Majority Leader Mitch McConnell's strategy of undercutting the regulation through states refusing to submit a compliance plan, though he ultimately stopped short of doing so. "The...
  • Get ready for some depressing news about the US economy (UNEXPECTED!)

    05/28/2015 8:30:56 PM PDT · by SaveFerris · 28 replies
    Business Insider ^ | Thu, May 28, 2015, 11:30pm EDT - US Ma | By Myles Udland
    We're about to get some terrible news about the US economy. Sort of. On Friday morning at 8:30 a.m. ET, the Bureau of Economic Analysis will release its second estimate of first quarter GDP, which is expected to show the economy contracted 0.8% in the first quarter. The initial reading on first quarter GDP, released on April 29, showed the economy grew just 0.2%. Ahead of that report, Wall Street expected the economy grew 1% to start 2015. Subsequent data, however, showed that the economy was likely even weaker than first estimated to start the year. Some economists, however, either...
  • The American "Economy" (Summed Up In 1 Cartoon)

    05/28/2015 11:15:06 AM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 05/28/2015 | Tyler Durden
  • Markets Are Correct a Lot More Than Economists

    05/28/2015 5:29:24 AM PDT · by expat_panama · 6 replies
    alhambra investment partners ^ | May 25, 2015 | Joseph Y. Calhoun
    If man is not to do more harm than good in his efforts to improve the social order, he will have to learn that in this, as in all other fields where essential complexity of an organized kind prevails, he cannot acquire the full knowledge which would make mastery of the events possible. He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants.Friedrich Hayek, The...
  • The 7 Reasons Scott Walker Should Get the Republican Nomination for President

    05/28/2015 12:43:54 AM PDT · by Cincinatus' Wife · 64 replies
    PJ Media ^ | May 27, 2015 | Scott Ott
    [Note from Scott Ott: The presidential primary process doesn't help us to decide who's qualified to bear the party standard, and to serve as chief executive, but rather who’s disqualified. It’s just our way of crushing the hopes and dreams of anyone who dares poke head from hole. Because you already know all of the reasons why every candidate, and potential candidate, has no right to expect the nomination, I'm going to write an utterly one-sided series on why each one should get it. If you’re concerned that I’m not providing fair and balanced analysis, I’m sure the folks in...
  • Obama holds off on immigration appeal to the Supreme Court

    05/27/2015 2:44:50 PM PDT · by Cincinatus' Wife · 7 replies
    The Hill ^ | May 27, 2015 | Jordan Fabian
    The Department of Justice on Wednesday said it will not make an emergency request to the Supreme Court to lift an order blocking President Obama's executive action on immigration. Instead, the administration will focus on the appeal of the injunction itself at the 5th Circuit, which is expected to proceed in July. "The Department has determined that it will not seek a stay from the Supreme Court," Justice Department spokesman Patrick Rodenbush said. Rodenbush said the "best way" to win the case is "to focus on the ongoing appeal on the merits of the preliminary injunction itself. That appeal has...
  • EPA issues new rule expanding reach over waters

    05/27/2015 8:09:58 AM PDT · by Cincinatus' Wife · 26 replies
    Washington Examiner ^ | May 27, 2015 | Zach Coleman
    The Environmental Protection Agency announced a rule Wednesday that critics say would expand federal reach over U.S. waterways, but that the Obama administration contends will clarify which farming, development and other practices are subject to regulation. The battle over the "Waters of the U.S." rule has been brewing for months and will continue both on and off Capitol Hill. The regulation attempts to define Clean Water Act regulations as stretching to bodies of water that have a "significant nexus" with "navigable waters" to prevent pollution of drinking water. The EPA told various media outlets that the rule asserts the agency's...
  • Segregationists never went away: We just call them “small-government conservatives” now

    05/27/2015 7:19:52 AM PDT · by Cincinatus' Wife · 73 replies
    Salon ^ | May 27, 2015 | Brittney Cooper
    Black freedom & opportunity in America has always required the very federal intervention the right wants to destroy The continuing decline of public sector jobs at local, state, and federal levels is having an abysmal economic impact on African Americans, for whom steady, stable government employment opportunities have provided a sure path into the middle class. The New York Times reported yesterday that “roughly one in five black adults works for the government, teaching school, delivering mail, driving buses, processing criminal justice and managing large staffs.” Because Black people hold a disproportionate number of government jobs, cutbacks that affect everyone...
  • Walker: We’d Be Sending in Navy to Stop Illegals if They Were Swarming Our Sea Ports..

    05/26/2015 11:40:32 PM PDT · by Cincinatus' Wife · 25 replies
    Breitbart ^ | May 26, 2015 | Matthew Boyle
    Exclusive — Walker: We’d Be Sending in Navy to Stop Illegals if They Were Swarming Our Sea Ports Like They Do Southern Border [SNIP] ".........Since former Florida Gov. Jeb Bush—one of amnesty’s biggest proponents—has now backed off his previous support for citizenship for illegal aliens (he wants to give them amnesty via legal status), that means Rubio is the only candidate who still stands with the AFL-CIO and their brothers in the Chamber of Commerce wanting to give illegal aliens full blown American citizenship. That means Walker, the anti-special interest union battler, has an even better opportunity to fight Rubio—who’s...
  • HSBC fears world recession with no lifeboats left

    05/26/2015 6:06:34 PM PDT · by 9thLife · 41 replies
    Telegraph ^ | 5:00PM BST 24 May 2015 | Ambrose Evans-Pritchard
    The world economy is disturbingly close to stall speed. The United Nations has cut its global growth forecast for this year to 2.8pc, the latest of the multinational bodies to retreat. It leaves a thin safety buffer against any economic shock - most potently if China abandons its crawling dollar peg and resorts to 'beggar-thy-neighbour' policies, transmitting a further deflationary shock across the global economy. ... Each of the past four US recoveries has been weaker than the last one. The average growth rate has fallen from 4.5pc in the early 1980s to nearer 2pc this time. ... The US...
  • The 4 percent-plus solution

    05/26/2015 6:04:27 PM PDT · by Tolerance Sucks Rocks · 12 replies
    The Washington Times ^ | May 25, 2015 | Richard W. Rahn
    Of those running for president, who will give this speech? “Ladies and Gentlemen, my administration will implement a series of economic policies to cause the economy to grow at an average rate of 4 percent or more a year. Growth of 4 percent-plus per year will create jobs at a faster rate than the growth in the labor force and provide hope for those who had despaired of finding a good job again. At a growth rate of a little over 4 percent per year, real incomes for all of our citizens will double in only 17 years. (At the...
  • Mitsubishi Corporation rumored to be readying a bid for GE Capital

    05/26/2015 12:21:38 PM PDT · by tcrlaf · 6 replies
    Fleet News ^ | 5-26-2015 | Fleet News
    Mitsubishi UFJ Financial Group is said to be among 12 companies which have signed non-disclosure agreements over the prospective acquisition of GE Capital Sponsor Finance. According to peHub, which first reported the news, other companies that have signed NDAs include Apollo Management and Ares Management. Other potential buyers are said to be Blackstone Group LP, Wells Fargo & Co, and American fleet management company Element. GE Capital Sponsor Finance is expected to sell within 90 days. In April, General Electric announced it was selling its global fleet management and leasing businesses because it was becoming increasingly difficult to generate a...
  • IMF official says China’s yuan no longer undervalued

    05/26/2015 5:43:13 AM PDT · by expat_panama · 7 replies
    Washington Post ^ | May 26, 2015 | Associated Press
    BEIJING — The International Monetary Fund no longer believes China’s tightly controlled currency is undervalued, an IMF official said Tuesday, a stance that might help Beijing in its wrangling with Washington over exchange rate controls. The IMF’s first deputy managing director, David Lipton, also said Beijing should work toward having a floating exchange rate in two to three years. The United States has long accused of China of suppressing the value of its yuan, giving its exporters an unfair price advantage and hurting foreign competitors. The IMF had considered the yuan undervalued — a source of tension between the fund...
  • Scott Walker says $499 million 'structural surplus' is ahead

    05/26/2015 3:00:23 AM PDT · by Cincinatus' Wife · 9 replies
    Politifact Wisconsin ^ | May 26, 2015 | Dave Umhoefer
    The education funding cuts in Gov. Scott Walker’s proposed 2015-’17 budget rankled critics because at one point a nearly $1 billion surplus was projected for the start of that budget. Walker and fellow Republicans returned much of the surplus to taxpayers in 2014, and then slower-than-predicted growth in tax collections further boxed in the GOP entering the new budget cycle. Now, while campaigning for president, Walker eagerly touts his budget as fiscally responsible. He is even using the "S" word again -- surplus. "At the end of the budget we're debating right now for our next two years in my...
  • Exclusive — Gov. Walker: Federal Government ‘Too Big To Fail,’ Next President Must Shrink It..

    05/25/2015 11:22:51 PM PDT · by Cincinatus' Wife · 11 replies
    Breitbart ^ | May 25, 2015 | Matthew Boyle
    Exclusive — Gov. Scott Walker: Federal Government ‘Too Big To Fail,’ Next President Must Shrink It So It’s ‘Small Enough To Succeed’ Wisconsin Gov. Scott Walker told Breitbart News in an exclusive interview over Memorial Day weekend that he’s getting much closer to a decision on whether he’ll pursue a presidential campaign in 2016, a decision he expects will come in early July. [snip] ......I think there’s this incredible sense, particularly amongst our base and primary voters is they don’t want someone who just talks about it. They want someone who can do it. Due to God’s grace and circumstances,...
  • The Republican campaign to destroy the poor stoops to a new low [helping payments last longer]

    05/25/2015 10:49:19 PM PDT · by Cincinatus' Wife · 41 replies
    http://www.salon.com/2015/05/25/the_republican_plot_to_destroy_the_poor/ ^ | May 25, 2015 | Heather Digby Parton, trying to mimic Joan Walsh
    Last week my colleague Simon Maloy caught us up with the latest on Kanses Gov. Sam Brownback’s famous Arthur Laffer “petri dish” experiment, in which he slashed taxes and government programs in order to usher in a Republican free market economic utopia. The experiment looks like it’s blowing up the lab: [T]he Brownback/Laffer tax scheme hasn’t goosed the Kansas economy and it doesn’t look like it will any time soon. It has succeeded marvelously, though, in redistributing wealth to the top of the income ladder, while, at the same time, screwing over the people at the bottom. While the rich...
  • The 2016 political report: Walker emerges from Southern confab as GOP front-runner

    05/25/2015 10:20:57 AM PDT · by Cincinatus' Wife · 37 replies
    Washington Examiner ^ | May 24, 2015 | Timothy P. Carney
    OKLAHOMA CITY — The annual Southern Republican Leadership Conference provided a glimpse into the state of the Republican base and the presidential field. The conference revealed a Republican base that is (1) broadly happy with the crowded and conservative field, (2) still smitten with Wisconsin Gov. Scott Walker, and (3) unimpressed and uninterested in Florida Gov. Jeb Bush. Senate chaos over the Patriot Act kept the four senators who are running from making it, dampening the mood a bit. The candidates running a second time — Rick Santorum, Rick Perry, and Mike Huckabee — do not excite the conservative base....
  • GOP’s demonic new crusade:Right-wing zealots look for crueler ways to treat the poor like garbage

    05/25/2015 9:16:09 AM PDT · by Cincinatus' Wife · 50 replies
    Salon ^ | May 25, 2015 | Joan Walsh
    [full title] GOP’s demonic new crusade: Right-wing zealots look for even crueler ways to treat the poor like garbage Happy Memorial Day! But if you’re in Wisconsin, and relying on food stamps, remember that Republicans don’t want you to have ketchup on your hamburger. They’d probably rather you didn’t have a hamburger at all, but Wisconsin farmers and ranchers have clout, and so proposed cuts to the Supplemental Nutrition Assistance Program made room for Wisconsin products. But they still don’t want you to have “crab, lobster, shrimp, or any other shellfish.” Or ketchup. Or spaghetti sauce. Really. For now, that’s...
  • Public-Sector Jobs Vanish, Hitting Blacks Hard [1.8 million fewer jobs in public sector]

    05/25/2015 3:20:11 AM PDT · by Cincinatus' Wife · 89 replies
    New York Times ^ | May 24, 2015 | PATRICIA COHEN
    ".....Roughly one in five black adults works for the government, teaching school, delivering mail, driving buses, processing criminal justice and managing large staffs. They are about 30 percent more likely to have a public sector job than non-Hispanic whites, and twice as likely as Hispanics.The Labor Department counts half a million fewer public sector jobs than before the start of the recession in 2007...understates just how much the government’s work force has shrunk.... because it fails to account for the normal growth in the country’s population: Factor that in, she said, and there are 1.8 million fewer jobs in the...
  • Feature: The new shape of fusion

    05/24/2015 10:15:25 PM PDT · by 2ndDivisionVet · 13 replies
    Science ^ | May 21, 2015 | Daniel Clery
    ITER, the international fusion reactor being built in France, will stand 10 stories tall, weigh three times as much as the Eiffel Tower, and cost its seven international partners $18 billion or more. The result of decades of planning, ITER will not produce fusion energy until 2027 at the earliest. And it will be decades before an ITER-like plant pumps electricity into the grid. Surely there is a quicker and cheaper route to fusion energy. Fusion enthusiasts have a slew of schemes for achieving the starlike temperatures or crushing pressures needed to get hydrogen nuclei to come together in an...
  • Why LA's $15 Minimum Wage Will Really Be $19.28

    05/24/2015 8:57:52 PM PDT · by 2ndDivisionVet · 36 replies
    Investor's Business Daily ^ | May 21, 2015 | Jed Graham
    The Los Angeles City Council this week voted to raise the minimum wage to $15 an hour. But the effective cost for employers likely will spike to nearly $20, at least for full-time workers. Once all the nonwage costs are added, including payroll taxes, paid sick leave and the big one — ObamaCare's employer mandate — minimum compensation for a full-time worker could rise as high as $19.28 an hour by 2020, an IBD analysis finds. That would amount to a jump of $10.67, or 124%, since June 2014. Seemingly absent from the minimum-wage debate has been the reality that...
  • Advertising newsletter PennySaver shuts down; hundreds lose their jobs

    05/24/2015 8:19:05 PM PDT · by Zakeet · 87 replies
    LA Times ^ | Stuart Pfeifer
    The PennySaver, an advertising newsletter that was a fixture in Southern California mailboxes for decades, is going out of business. Employees said they were told late Friday that the company was ceasing operations immediately, without warning or further explanation. “They said, ‘That’s it. We’re done. We’re closing. Everybody pack up your things and leave,'” said one employee, who asked that her name not be published because she was unauthorized by the company to talk to the news media. [Snip] On its website, OpenGate said the PennySaver is the largest direct mail shopping publication in the United States, reaching 11 million...
  • Privatization Fail: Scott Walker's WEDC in Full Meltdown (Is this Free Market economics?

    05/24/2015 11:46:40 AM PDT · by Laissez-faire capitalist · 86 replies
    PR Watch ^ | 5/18/2015 | Mary Bottari
    During the 2010 campaign for governor, Scott Walker promised to create 250,000 jobs in his first term. Toward this end, one of his first acts as governor was to privatize the state's economic development agency. Wisconsin Economic Development Corporation (WEDC) opened its doors in July 2011. After a series of damning audits, which highlighted mismanagement and incompetence, and news reports of special treatment for Walker donors, on Monday Democratic state lawmakers called for a federal investigation of the scandal-plagued entity. Walker is the Chairman of the Board When walker created WEDC in 2011, he named himself Chairman of the Board....
  • ISIS rises, the economy falters, and Obama’s legacy falls apart

    05/24/2015 8:36:44 AM PDT · by Libloather · 28 replies
    NY Post ^ | 5/23/15 | John Podhoretz
    Deep into the seventh year of his tenure, Barack Obama is thinking about his post-presidential legacy. We know this because he’s telling us so. In an interview this week with The Atlantic about the potential deal with Iran regarding its nuclear program, the president sought to use the fact of his relative youth and his consciousness about how history might judge him to his advantage: “Look, 20 years from now, I’m still going to be around, God willing. If Iran has a nuclear weapon, it’s my name on this. I think it’s fair to say that in addition to our...
  • Southern Republican Leadership Conference: 5 takeaways

    05/24/2015 5:53:07 AM PDT · by Cincinatus' Wife · 11 replies
    Politico ^ | May 24, 2015 | Alex Isenstadt
    At one of the most important events on the GOP calendar, Scott Walker showed his crash course in foreign policy is paying off. OKLAHOMA CITY — Like most other recent GOP presidential forums and meetings, the Southern Republican Leadership Conference this week teemed with 2016 candidates aiming for a breakthrough moment. Nothing like that happened here. But in attending one of the most important events on pre-primary season calendar — one that drew roughly 2,000 conservative activists, mainly from the Republican Party’s Southern heartland — the White House hopefuls revealed a little more about themselves and the paths they see...
  • Hillary Clinton Calls Out Republicans For Killing Jobs And Not Standing Up To Tea Party

    05/23/2015 2:35:44 PM PDT · by 2ndDivisionVet · 64 replies
    PoliticusUSA - Real Liberal Politics ^ | May 22, 2015 | Keith Brekhus
    At a craft brewery in Hampton, New Hampshire, Hillary Clinton called out her Republican presidential opponents for sacrificing American jobs to appease the billionaire Koch Brothers and talk radio Tea Party extremists. In particular, Clinton criticized Republicans who want to dismantle the Export-Import Bank, which supplies loans and provides insurance to facilitate the sale of U.S. exports to international buyers. A number of Republican presidential contenders have gone on record in favor of killing the Export-Import Bank, a move that could potentially eliminate a significant number of American jobs in the process. Florida Senator Marco Rubio and Texas Senator Ted...
  • No Progress Since the War on Poverty Began Half a Century Ago

    05/23/2015 7:59:22 AM PDT · by rktman · 12 replies
    americanthinker.com ^ | 5/23/2015 | Christopher Carson
    Eleven days ago, President Obama took the opportunity at Georgetown University to defend the government’s 50-year experiment in anti-poverty welfare programs. The president claimed: It is a mistake for us to suggest that somehow every effort we make has failed and we are powerless to address poverty. That’s just not true. First of all, just in absolute terms, the poverty rate, when you take into account tax and transfer programs, has been reduced about 40 percent since 1967.
  • Why many experts missed this: Cheap oil can hurt US economy

    05/23/2015 7:20:57 AM PDT · by dila813 · 32 replies
    Yahoo ^ | Today | CHRISTOPHER S. RUGABER
    WASHINGTON (AP) — If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. It hasn't worked out that way. The economy is thought to have shrunk in the January-March quarter and may barely grow for the first half of 2015 — thanks in part to sharp cuts in energy drilling. And despite their savings at the gas pump, consumers have slowed rather than increased their spending.
  • Where Is Scott Walker?

    05/23/2015 2:38:23 AM PDT · by Cincinatus' Wife · 97 replies
    New York Magazine ^ | May 22, 2015 | Marin Cogan
    Over the last three months, the GOP's Iowa front-runner has become an incredible, shrinking presence on the campaign trail. Sure, he's still touring the country, introducing himself to voters, telling them how unafraid he was to stand up to the unions and liberal protesters he battled in Wisconsin, but he's also ducking out of uncontrolled situations, skipping questions from the press, and spending more time on small or private events, usually packed with friendly crowds. Last week, when he traveled to Israel — usually an occasion to invite reporters or hold a press conference — Walker held no press events....
  • Scott Walker On The Dana Show 5-22-15

    05/22/2015 12:56:54 PM PDT · by Cincinatus' Wife · 1 replies
    FM News Talk ^ | May 22, 2015 | Dana
    29:00 [click on picture then click on red dot to listen]
  • How Scott Walker and His Allies Hijacked the Wisconsin Supreme Court

    05/22/2015 6:33:19 AM PDT · by Cincinatus' Wife · 46 replies
    Mother Jones ^ | May 22, 2015 | Pema Levy
    For three years, Wisconsin prosecutors have been investigating whether Republican Gov. Scott Walker broke campaign finance laws as he battled a 2012 recall effort sparked by his push for a law that undercut the power of public sector unions. Prosecutors allege that Walker and his aides illegally coordinated with conservative groups that were raising money and running ads to support Walker and his Republican allies. At least one group at the center of the probe, the Wisconsin Club for Growth, has gone to court to stop the investigation. Its fate now rests with the Wisconsin Supreme Court, which will rule...
  • The Fate of the Fed's Exit Strategy Is In Foreign Hands

    05/22/2015 5:46:26 AM PDT · by expat_panama · 9 replies
    Real Clear Markets ^ | May 22, 2015 | Jeffrey Snider
    In all this talk about whether the economy will be strong enough to support the first policy change of this cycle, and how utterly sad it is to even have to argue about it, the larger issues about the exact operational framework remain largely unexamined. The intent of the FOMC is to undergo an orderly transition from extraordinary policy positions toward a setting more like normal. To go from A to B is not as simple as plugging in a new number, a fact that Federal Reserve officials are very quietly dealing with. The Fed has a repo problem, one...
  • Clinton Leads Republican Field By Double Digits in Washington [Walker leads w/ conservatives]

    05/22/2015 12:12:39 AM PDT · by Cincinatus' Wife · 30 replies
    Public Policy Polling ^ | May 21, 2015 | Tom Jensen
    "...6 Republican candidates hit double digits when it comes to who voters within their party want to be their nominee. Scott Walker leads with 18% to 15% for Marco Rubio, 13% for Mike Huckabee, 11% for Ted Cruz, and 10% each for Jeb Bush and Ben Carson. Chris Christie (6%), Rand Paul (5%), and Rick Perry (3%) round out the field. Walker has the slight overall edge on the Republican field due to his strength with voters who identify themselves as 'very conservative.' He gets 28% to 18% for Cruz, 16% for Huckabee, and 10% for Rubio. Rubio's greatest strength...
  • Scott Walker Will Keynote Philly GOP Conference

    05/21/2015 12:32:37 PM PDT · by Cincinatus' Wife · 11 replies
    Politics PA ^ | May 21, 2015 | Nick Field
    Scott Walker is coming to Philadelphia. The Wisconsin Governor and probable 2016 presidential candidate will keynote the 2015 Northeast Republican Leadership Conference.“Governor Scott Walker is one of the leading voices of conservative values in the Republican Party,” PA GOP Chair Rob Gleason said. “Governor Walker has a proven track record of putting Republican principles into practice in government. Scott Walker has always put the needs of the taxpayer ahead of the wishes of special interests, and I look forward to hearing him discuss his vision for the future of our Party and our country.” “As the cradle of liberty, Philadelphia...
  • BUSTED: Paul Krugman removed 20 yrs of data from chart to show correlation that wasn't really there

    05/21/2015 8:30:02 AM PDT · by SeekAndFind · 25 replies
    Business Insider ^ | 05/21/2015 | CULLEN ROCHE, PRAGMATIC CAPITALISM
    Someone sent me an email Wednesday evening with some details on the Paul Krugman response to James Montier, which I discussed here. I had previously stated that the Krugman response was lacking meat. But it's actually worse than that. It's actually highly misleading and appears intentionally so. In the post, Dr. Krugman tries to show how much interest rates matter by comparing the Fed Funds Rate with Housing Starts. He shows a chart and declares that there appears to be a strong correlation. Except, as this emailer notes, he appears to have shifted the chart to make it appear as...
  • You Won’t Believe What These Hillary Supporters Said About Her Accomplishments

    05/21/2015 7:51:45 AM PDT · by Cincinatus' Wife · 15 replies
    1:00 video "......The only thing of value that was mentioned was that Hillary is not Scott Walker. No, she is not indeed. The Wisconsin Governor has a reputation for fulfilling his objectives without seeking media approval. Hillary is definitely not Scott Walker. If Hillary isn’t even viewed as having accomplished anything as Secretary of State, how can she persuade the general electorate to vote for her?
  • Thinking About China

    05/21/2015 6:39:18 AM PDT · by Sean_Anthony
    Canada Free Press ^ | 05/21/15 | Al Caruba
    China’s economic clout is real and growing rapidly, especially since the 2008 financial crisis. China has been the main engine of growth for the world’s economy since that time and, by some measures, has become the world’s number one trading state Napoleon Bonaparte purportedly said “Let China sleep, for when China wakes, she will shake the world.” As Thomas J. Christensen, the author of his recently published “The China Challenge: Shaping the Choices of a Rising Power”, reminds us, “For millennia China was arguably the greatest civilization on the planet and for many previous centuries its most powerful empire.” China...
  • What If Everybody Didn't Have to Work to Get Paid?

    05/20/2015 8:27:35 PM PDT · by 2ndDivisionVet · 70 replies
    The Atlantic ^ | May 18, 2015 | David R. Wheeler
    Scott Santens has been thinking a lot about fish lately. Specifically, he’s been reflecting on the aphorism, “If you give a man a fish, he eats for a day. If you teach a man to fish, he eats for life.” What Santens wants to know is this: “If you build a robot to fish, do all men starve, or do all men eat?” Santens is 37 years old, and he’s a leader in the basic income movement—a worldwide network of thousands of advocates (26,000 on Reddit alone) who believe that governments should provide every citizen with a monthly stipend big...
  • Scott Walker Courts Congressional Republicans

    05/20/2015 7:48:23 AM PDT · by Cincinatus' Wife · 1 replies
    Newsweek ^ | May 20, 2015 | Emily Cadei
    Wisconsin Governor Scott Walker brought some sunny Midwestern optimism Tuesday to Washington, D.C, a place known for partisan gloom. Congressional Republicans who met with Walker, a soon-to-be presidential contender, called him a breath of fresh air. The trip even won him some fans in unlikely places.....“I was so impressed that his whole message was positive,” Representative Joe Wilson, from the early primary state of South Carolina, tells Newsweek. “He was not hitting the president or the leading presidential candidate of another party.... It was about him and his agenda.” Wilson attracted national attention in 2009 when he shouted, “You lie!”...
  • GDP Weakness: Weather Problem or Measurement Problem?

    05/20/2015 5:44:30 AM PDT · by expat_panama · 21 replies
    Real Clear Markets ^ | May 20, 2015 | Jonathan Wright
    Economic output (gross domestic product or GDP) showed a mere 0.2 percent growth rate in the first quarter of 2015. Last year, it was even worse, with a 2.1 percent contraction in the first quarter. Both years had especially harsh winters, but many commentators have now noticed that the pattern of weak first quarters has been around for longer -- not just in years with harsh winters. As a result, they are starting to question if the adjustments that the statisticians at the Bureau of Economic Analysis (BEA) make for seasonal effects in their calculations of growth are in fact...
  • Obama: Climate change ‘serious threat to global security’

    05/20/2015 5:40:55 AM PDT · by Cincinatus' Wife · 19 replies
    The Hill ^ | May 20, 2015 | Timothy Cama
    President Obama will use a Wednesday speech to highlight his view that climate change is one of the most significant military threats to the United States and the world. Obama will argue in his address to graduates at the United States Coast Guard Academy that the fight against climate change is a fight for global peace and against the conflicts that lead to war, the White House said in a preview of his remarks. “I am here today to say that climate change constitutes a serious threat to global security, an immediate risk to our national security, and, make no...
  • Walker's ban on Common Core approved by committee

    05/20/2015 1:12:29 AM PDT · by Cincinatus' Wife · 26 replies
    Houston Chronicle ^ | May 20, 2015
    MADISON, Wis. (AP) — Gov. Scott Walker's proposal prohibiting the state superintendent from forcing local school districts to adopt Common Core academic standards has been approved by the Legislature's budget committee. [snip] State Superintendent Tony Evers adopted the Common Core standards in 2010, but Walker's proposal would prohibit him from advocating for or promoting the standards to school districts.
  • Poll: Republicans more enthusiastic for 2016 field

    05/20/2015 12:03:47 AM PDT · by Cincinatus' Wife · 3 replies
    CNN ^ | May 19, 2015 | Alexandra Jaffe
    Washington (CNN)Republicans are more positive about their slate of presidential contenders than they were around the same time during the last two campaigns, according to a new survey. The poll, from the Pew Research Center, found that 57% of Republican and Republican-leaning registered voters said they have an "excellent" or "good" impression of their party's presidential candidates. That compares to the 50% that viewed the GOP field positively in September of 2007, and the far fewer -- 44% -- that had a favorable view of the field in May of 2011. Democrats, meanwhile, are experiencing the opposite trend: they're less...
  • As Floridians Are Displaced, Rubio Demands More Foreign Workers

    05/19/2015 11:42:06 PM PDT · by Cincinatus' Wife · 48 replies
    The Daily Caller ^ | May 19, 2015 | Rachel Stoltzfoos
    .....Disney, Southern California Edison and most recently Fossil Group have together fired hundreds of American tech workers and forced them to train their foreign replacements, many of whom were flown in specifically to take their job.....On their last day of employment, he and the other replaced workers were asked to turn over their badges, their Disney season passes, and their laptops and then asked to leave.... “It was just a complete shock that you could do that in this country,” he said........ “It’s just so humiliating and so anti-American. It’s just, it’s just terrible. It’s just awful.”Wisconsin Gov. Scott Walker...
  • What Will Happen to Truck Stop Towns When Driverless Truck Technology Expands?

    05/19/2015 7:56:40 PM PDT · by 2ndDivisionVet · 64 replies
    Route Fifty ^ | May 18, 2015 | Michael Grass
    In just a few years, communities that depend on the trucking industry for their vitality will be facing major economic disruption.Roscoe, Nebraska, is a good place to contemplate how the evolution of long-haul travel can change a community. This unincorporated settlement—some classify Roscoe as a “semi-ghost town”—sits about seven miles east of the city of Ogallala along U.S. 30, which follows the old Lincoln Highway route and before that, various overland migration trails to California, Oregon and Utah. Just off U.S. 30, opposite the Union Pacific freight-rail tracks, there’s an abandoned gas station with its former pump, pictured above, standing...
  • Watch: Michelle’s Race-Baiting Shredded By Black Guy Who Gives Her A Must-See History Lesson

    05/19/2015 5:53:10 AM PDT · by KeyLargo · 25 replies
    Western Journalism ^ | May 18, 2015 | B. Christopher Agee
    Watch: Michelle’s Race-Baiting Shredded By Black Guy Who Gives Her A Must-See History Lesson VIDEO B. Christopher Agee May 18, 2015 at 2:32pm In a recent installment of Zonation, host Alfonzo Rachel reacted to Michelle Obama’s recent commencement address at Tuskegee University. As Western Journalism reported, the first lady used the forum to spread a message of victimhood among black graduates. “I’m disappointed that the students at Tuskegee University didn’t get up and walk out on Michelle Obama’s speech,” Rachel said. “It’s like the graduates spent all that time at the college and didn’t learn anything worth a hard donut.”
  • Candidates Win Evangelicals with Pro-American Worker Immigration Policy

    05/18/2015 10:47:53 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | May 18, 2015 | Ken Blackwell
    Wisconsin Governor Scott Walker, an expected GOP presidential candidate, drew the ire of the political right and left recently over his comments on immigration. When it comes to the immigration issue, Republicans are expected to use the tried and true, consultant tested “secure the border” talking point and move on to other issues.Gov. Walker, like former US Senator, Rick Santorum, has taken things further than just a discussion of illegal immigration. They have dared to discuss the impact of legal immigration on American workers. Like most Republicans, I’m still undecided about the Presidential field. But I have an enormous amount...
  • The climate nightmare we aren’t taking seriously enough: President Scott Walker

    05/18/2015 1:27:33 PM PDT · by Cincinatus' Wife · 62 replies
    Salon ^ | May 18, 2015 | Jeff Stein, a recent Cornell graduate and the editor of the Ithaca Voice.
    Imagine, for just a moment, the following scenario: The year is 2019 — two years into the first term of President Scott Walker. The Royal Dutch Shell corporation proposes a massive expansion of its existing drilling operation in the Arctic Ocean. Shell officials note that there have been no major accidents since their first exploratory wells became operational, and that doing so will provide a big boost to an American economy sliding into recession. President Walker, whose base is furious that he has only eliminated half of all federal food stamp and welfare programs, jumps into action. He orders Interior...