Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $7,300
8%  
Woo hoo!! And the first 8% is in!! Thank you all very much!!

Keyword: economy

Brevity: Headers | « Text »
  • Donald Trump Is Not Just A Clown, He’s A Liberal Anti-Gun Clown

    07/06/2015 11:29:57 PM PDT · by z taxman · 57 replies
    Downtrend.com ^ | June 17, 2015 | Brian Anderson
    The big joke Tuesday was that comb-over reality TV star Donald Trump announced that he’s running for president in 2016 as a Republican. As if it isn’t funny enough that he’s given hundreds of thousands of dollars to the Democratic Party and the Clinton Foundation, he also said he wants Oprah Winfrey as his VP. And just in case you aren’t convinced of his conservative credentials, it turns out he’s left quite a liberal footprint of anti-gun, pro-abortion, redistribution of wealth, Obam-esque socialism. Back in 2000 The Don was flirting with running for president as a Reform Party candidate... Here’s...
  • Labor Watch July 2015: Scott Walker vs. the Unions, Part 2: Unintended consequences: [How you win]

    07/07/2015 1:19:20 AM PDT · by Cincinatus' Wife · 8 replies
    Capital Research ^ | July 7, 2015 | Steven J. Allen
    <p>There’s an old expression in politics, “If you shoot at a king, don’t miss.” In the matter of the unions vs. Scott Walker, unions paid the price for their failed at tempts to stop Walker and his reforms. Amazingly, Wisconsin became a Right to Work state.</p>
  • Financial Markets Crumble As Greece Rejects Austerity, China Teeters On Collapse

    07/06/2015 10:50:57 AM PDT · by SkyPilot · 83 replies
    Addicting Info ^ | 6 July 15 | Nathaniel Downes
    In 2011 the biggest fear from the Greek financial crisis was that it would cause a ripple effect throughout the global economy. But despite years given to de-leverage themselves, banks worldwide are still exposed to Greece, carrying more derivatives than ever tied to the tiny European state. Now that the Greek citizens have rejected the austerity measures proposed by the EU, we are facing a real potential of a Greek default, which could trigger a cascade collapse of credit default swaps and cause the implosion of the German central bank. Then, a continent away, we are facing trouble of a...
  • Free rides for Milwaukee bus riders after union apologizes for stoppage

    07/06/2015 5:20:17 AM PDT · by Cincinatus' Wife · 12 replies
    WKOW ^ | July 6, 2015 | Kathryn Larson
    (MILWAUKEE) -- Milwaukee union leaders say they're sorry for a work stoppage last week, but cannot promise there won't be another strike. The county says everyone will be able to ride free today because of the inconvenience of last week's strike. Leaders of Amalgamated Transit Union Local 998 held a news conference overnight to apologize to riders. They say they did not walk off the job last week to punish the public. The union says they are willing to have an arbitrator settle their differences, and accuse MCTS of refusing to allow that to happen. However union leaders gave no...
  • Walker aims to blaze Midwestern trail to White House

    07/06/2015 5:06:13 AM PDT · by Cincinatus' Wife · 39 replies
    Politico ^ | July 6, 2015 | Alex Isenstadt
    His megadonors are from Chicago. His brain trust is from Wisconsin. And Iowa is the campaign linchpin. When he formally announces his presidential bid in a Milwaukee suburb next week, Scott Walker’s campaign will have an unmistakably Midwestern stamp on it, from a stump speech that features giant Midwestern retailer Kohl’s to a primary season strategy pegged to Iowa and Michigan. The idea is to position the Wisconsin governor as the favorite son of the Midwest, where he hopes to run up the score beginning with Iowa next February. Walker has so far raised nearly $30 million for his effort,...
  • The shrinking workforce of Obama’s America

    07/05/2015 7:01:37 AM PDT · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 07/05/15 | Herman Cain
    Mission accomplished: Obama's state-driven, command-and-control economy Ronald Reagan used to counter liberal conventional wisdom by saying he measured compassion, not by how many people the government helps, but by how many people don’t need the help. And he succeeded in that vision by presiding over an economy that grew massively – with net job creation of more than 16 million during his presidency. Reagan gave us an enormous and highly productive work force, and that’s why there was so much prosperity during his time in office. Barack Obama has a very different idea about what life should be like in...
  • Greek villagers' secret weapon: Grow your own food

    07/04/2015 5:13:57 PM PDT · by Red in Blue PA · 39 replies
    KARITAINA, Greece (AP) — Ilias Mathes has protection against bank closures, capital controls and the slashing of his pension: 10 goats, some hens and a vegetable patch. Related Stories 1. Pensioners queue outside banks on 1st day of capital control Associated Press 2. Greeks struggle with daily grind as foreigners head to beach Associated Press 3. Greece rattles Europe; Markets close sharply down CNBC 4. The Latest: Moody's downgrades Greece to Caa3 Associated Press 5. Greece says it will consider bank closures and capital controls on Monday Reuters If Greece's financial crisis deepens, as many believe it must, he can...
  • Jeb Bush, Mitt Romney Join Marco Rubio In Attacking Donald Trump Over Immigration

    07/04/2015 11:00:24 PM PDT · by Enlightened1 · 119 replies
    Breitbart ^ | 07/04/15 | Matthew Boyle
    As if right on cue after Romney and Rubio, Bush on Saturday afternoon joined the coordinated parade of establishment Republicans attacking Trump. “I don’t think he represents the Republican Party, and his views are way out of the mainstream of what Republicans think,” Bush said Saturday afternoon in New Hampshire. “No one suggests that we shouldn’t control our borders – everybody has a belief that we should control our borders. But to make these extraordinarily ugly kind of comments is not reflective of the Republican Party. Trump is wrong on this.” Trump has been harsh on Bush, Rubio and Romney....
  • U.N. Sec-Gen: “Obama To Sign International Agreement To End Global Poverty” (VIDEO)

    07/04/2015 4:44:36 AM PDT · by 2ndDivisionVet · 67 replies
    Progressives Today ^ | June 30, 2015 | P.W. Adams
    Last Friday, while most Americans were distracted debating the pros and cons of the Confederate Flag, or lamenting the latest SCOTUS rulings, Democrats and one world supporters gathered in San Francisco, California to celebrate the 70th Anniversary of the United Nations. The event, held in San Francisco City Hall, was a Progressive star-studded event featuring the likes of Governor Jerry Brown, Mayor Ed Lee, and Democratic Congresswoman Nancy Pelosi. But the most compelling statement was made the the keynote speaker, the Secretary-General of the United Nations Ban Ki-Moon. Secretary Moon admitted that in September World Leaders, including President Obama,are set...
  • Wisconsin economy lags after Walker's spending and tax cuts

    07/04/2015 3:47:12 AM PDT · by 2ndDivisionVet · 65 replies
    The Chicago Tribune ^ | June 26, 2015 | Staff
    In 2011, new Republican Gov. Scott Walker set the creation of 250,000 jobs as the benchmark for success of his new administration. Walker missed that goal by a wide margin over his first term despite an embrace of sweeping tax cuts aimed at stimulating growth. Instead, the cuts helped dig a more than $2 billion hole in the state budget.Wisconsin ranked 36th among the states and District of Columbia in the pace of private-sector job growth during Walker’s term, trailing all Rust Belt states and all but one other state in the Midwest.A PROJECTED SURPLUS TURNS INTO A DEFICIT JANUARY...
  • SUVs, Muscle Cars Help Auto Industry Maintain Momentum

    07/03/2015 12:52:17 PM PDT · by PROCON · 11 replies
    AP ^ | July 1, 2015 | Associated Press
    Americans again bought vehicles that sit up high and come loaded with features like backup cameras and smartphone capabilities in June. Horsepower was also in; gas-sipping not so much. SUVs of all sizes continued to fly off dealer lots. Sales of the larger Ford Explorer rose 30 percent; Nissan's Rogue small SUV posted a 54 percent jump; and sales of the Jeep Cherokee gained 39 percent.
  • 2 Steps Forward, 1 Step Back For Jobs As Fed Watches [Labor Participation Hits 38-year Low]

    07/03/2015 4:40:06 AM PDT · by expat_panama · 35 replies
    Investors Busniness Daily ^ | 07/02/2015 | ANDREA RIQUIER,
    Job gains stayed healthy in June and the unemployment rate hit a seven-year low, but workforce participation skidded and wage growth remained anemic, muddling views of the labor market for a central bank seeking clarity. Employers added 223,000 jobs, the Labor Department said Thursday, about as many as economists had forecast, and the jobless rate fell to 5.3% from 5.5%. The number of people working part-time because they can't find full-time work fell, as did the number of long-term unemployed. But 432,000 people left the workforce, and the labor force participation rate fell to 62.6%, the lowest since 1977. Wage...
  • Welcome to Wisconsin, Mr. President

    07/03/2015 12:47:53 AM PDT · by Cincinatus' Wife · 22 replies
    Real Clear Politics ^ | July 2, 2015 | Scott Walker
    Bright spots in the Obama economy are few and far between, as opportunities for small businesses and entrepreneurs are often quashed by a federal government that has grown too large, powerful and pervasive. That’s why it’s telling that the president is scheduled to be in La Crosse, Wis., this week for an event focusing on the economy. To be sure, Wisconsin’s economy has enjoyed a dramatic recovery over the last few years. But our fortunes have improved in spite of – not because of – the president’s big-government policies. Reforming our bloated federal government is essential to revitalizing our nation’s...
  • 56,085,000 Women Not in Labor Force; Participation Rate Declines to 56.7%

    07/02/2015 8:20:27 PM PDT · by Olog-hai · 13 replies
    Cybercast News Service ^ | July 2, 2015 | 9:17 AM EDT | Ali Meyer
    There were 56,085,000 women 16 or older who did not participate in the nation’s labor force in June, as the labor force participation rate dropped to 56.7 percent, according to the Bureau of Labor Statistics. This means that 56,085,000 women did not have a job or actively seek one in the past four weeks. The civilian labor force, which consists of all people in the civilian noninstitutional population who either had a job during the month or actively sought a job declined in June to 73,547,000 from the 73,577,000 in the labor force in May. …
  • Has capitalism had its day?

    07/02/2015 12:18:53 PM PDT · by Citizen Zed · 53 replies
    Guardian ^ | 7-1-2015
    Award-winning economist and journalist Paul Mason believes that, in the wake of the financial crisis and with the rapid rise of new technologies, we are on the cusp of a seismic economic shift – of a kind yet to be seen in human history. He argues we have a golden opportunity to shape a more socially just and sustainable economy with the emerging forces of information technology, rapid scientific advancement and free, easily shared goods. On 22 July, Paul will debate the issue at a Guardian Members’ event. The panel will include Douglas Murray, associate director of the Henry Jackson...
  • Scott Walker files papers to run for president

    07/02/2015 11:36:33 AM PDT · by Cincinatus' Wife · 33 replies
    Milwaukee Journal Sentinel ^ | July 2, 2015 | By Mary Spicuzza
    Gov. Scott Walker is making it official that he is running for president — sort of. Wisconsin's Republican governor filed papers with the Federal Election Commission Thursday "after hearing from countless Americans" during his testing the waters stage, an aide said. "While I have not yet announced whether I will be a candidate for President of the United States, I have received contributions of more than $5,000 within the last 15 days," Walker wrote in a Thursday letter to the FEC. "Should I formally announce, I will seek the Republican nomination for the office of President of the United States...
  • US employers add 223K jobs; jobless rate falls to 5.3 pct.

    07/02/2015 6:35:48 AM PDT · by PROCON · 90 replies
    AP ^ | July 2, 2015 | CHRISTOPHER S. RUGABER
    WASHINGTON (AP) -- U.S. employers added a solid 223,000 jobs in June, and the unemployment rate fell to 5.3 percent, a seven-year low. But wages failed to budge, and other barometers of the job market paint a mixed picture. The unemployment rate fell from 5.5 percent in May, the Labor Department said Thursday. But the rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed.
  • Dollar firms before payrolls, Greece unease simmers

    07/02/2015 3:22:23 AM PDT · by expat_panama · 10 replies
    Yahoo Finance ^ | Jul 2, 2015 | Marc Jones
    LONDON (Reuters) - The dollar was near a three-week high on Thursday and world stock markets had a delicate feel, as the implication of U.S. jobs data later for a possible Fed rate hike added to Europe's uncertainty over Greece. Chinese shares also remained in focus as they suffered another heavy tumble overnight to take their loses over the last six weeks to 25 percent, countering otherwise solid performances in the rest of Asia's main centres.Europe's main bourses in London, Frankfurt and Paris and Milan opened largely flat having rallied on Wednesday but the mood remained skittish after hopes of...
  • Athens On The Potomac - It Could Never Happen Here, Right?

    07/01/2015 2:58:16 PM PDT · by freddy005 · 6 replies
    With all the chaos unravelling in Greece, Congress would be wise to do what it takes to avoid reaching Greek debt levels. But it’s not a matter of sticking to the status quo and avoiding bad decisions that would put the budget on a Greek-like path, because the budget is on that path already. A quarter-century ago, Greek debt levels were roughly 75 percent of Greece’s economy — about equal to what the U.S. has now. As of 2014, Greek debt levels are about 177 percent of national GDP. Now, the country is considering defaulting on its loans and uncertainty...
  • How will the National Socialist Left’s excuse the failure of socialism in Greece?

    07/01/2015 2:37:24 PM PDT · by Voice of Reason1 · 38 replies
    It’s axiomatic that when a socialist regime hits the skids, the left will generally try to claim that such regime is ‘right wing’ somehow. Such claims can and will be completely irrational on their face, but for the national socialist Left it’s all about talking points and a simplistic ( but ‘superior’) mentality that favors headlines and shallow thought on the subject And before you complain that I dare use the word ‘national’ next to the word ‘socialist’ I would ask that you please explain in detail (with documentation) Just how in Hades’ the word national modifies the meaning of...
  • Chrysler just beat Ford in dealership sales for the first time ever

    07/01/2015 10:50:56 AM PDT · by 2ndDivisionVet · 122 replies
    Fortune ^ | July 1, 2015 | Ben Geier
    It was a milestone month for FCA. For the first time ever, Chrysler has outsold Ford in US retail sales, reports Reuters. Retail sales refers to only cars sold directly to consumers, not counting sales of fleet vehicles to corporate customers. Including fleet sales, Ford moved 223,666 cars and Fiat Chrysler group sold 186,864. General Motors, meanwhile, saw sales slip slightly year over year and sold 265,825 cars. For the industry as a whole, it was another good month as car sales continue to go up. 2015 is expected to see even more growth in car sales, as the market...
  • U.S. debt headed toward Greek levels [Psalms 9:17]

    07/01/2015 9:11:48 AM PDT · by Jan_Sobieski · 10 replies
    Washington Examiner ^ | 6/30/2015 | Jason Russell
    United States' projected debt over the next 25 years looks a lot like Greece's over the past 25. With all the chaos unravelling in Greece, Congress would be wise to do what it takes to avoid reaching Greek debt levels. But it's not a matter of sticking to the status quo and avoiding bad decisions that would put the budget on a Greek-like path, because the budget is on that path already. A quarter-century ago, Greek debt levels were roughly 75 percent of Greece's economy — about equal to what the U.S. has now. As of 2014, Greek debt...
  • Yellen says the Fed will be less predictable

    07/01/2015 4:57:07 AM PDT · by expat_panama · 27 replies
    Yahoo Finance ^ | February 25, 2015 | Joanna Campione
    ...Federal Reserve chair told the Senate Banking Committee on Tuesday the central bank is in no hurry to raise interest rates. Yellen once again stressed the word "patience." On Wednesday, she appears before the House of Representatives' Financial Services Committee. Yellen talked about a solid and improving economy but also about disappointing labor force participation and anemic wage growth. She said it would be several months before the Fed would boost rates. Stocks soared on the news with both the S&P 500 and Dow closing at record highs. The Nasdaq also saw healthy gains and is now less than 1%...
  • Bernie Sanders And Unions Have A Common Enemy: Scott Walker

    06/30/2015 2:35:24 PM PDT · by Cincinatus' Wife · 11 replies
    TDC - The Daily Caller ^ | June 30, 2015 | Connor D. Wolf
    Democratic presidential hopeful and self-proclaimed socialist Bernie Sanders Tuesday went after Republican Gov. Scott Walker for limiting union power in Wisconsin. “Needless to say I’m strongly opposed to his agenda,” Sanders told reporters during a phone conference, according Milwaukee Journal Sentinel. “I think we need leadership in this country that is ready to stand up for working families. We need to strengthen the trade union movement in this country, not break it.” Though most of the major unions have yet to officially endorse a candidate, local unions have been increasingly moving to support Sanders. Walker, however, is loathed by organized...
  • Elizabeth Warren slams Scott Walker over gay marriage

    06/30/2015 1:12:18 PM PDT · by Cincinatus' Wife · 34 replies
    Cnn ^ | June 30, 2015 | Jeremy Diamond
    Washington (CNN) Sen. Elizabeth Warren isn't running for president -- but that's not stopping her from taking a swing at a leading likely Republican presidential candidate. The progressive senator from Massachusetts on Monday night knocked Wisconsin Gov. Scott Walker for calling for a Constitutional amendment that would allow states to ban gay marriage. "Well, Scott Walker, if you believe the next president's job is to encourage bigotry and to treat some families better than others, then I believe it is our job to make sure you aren't president," Warren said while speaking at a fundraiser for Connecticut's Democratic party.
  • Current Oil Price Slump Far From Over

    06/30/2015 5:45:36 AM PDT · by expat_panama · 36 replies
    Yahoo Finance ^ | Jun 30, 2015 | Arthur Berman
    The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. It represents a phase change like when water turns into ice: the composition is the same as before but the physical state and governing laws are different.*  [snip] A New Supply Source and Over-Production  The main cause of the price collapse of 2014-2015 was over-production of oil. Most of the increase came from unconventional  production in the United States and Canada–tight oil, oil sands and deep-water oil....
  • Trump in Chicago: Says he’s ‘100 percent correct’ about Mexicans, blasts U.S. as ‘laughingstock’

    06/29/2015 8:41:44 PM PDT · by 2ndDivisionVet · 98 replies
    The Chicago Sun-Times / The Associated Press ^ | June 29, 2015 | Sandra Guy and Bill Zwecker, AP
    Donald Trump brought his in-your-face presidential campaign to Chicago audience on Monday, declaring that if is he is elected, he would make America “rich,” stop illegal immigration and “knock out” federal health-care reform that the U.S. Supreme Court last week ruled the law of the land. And even as NBC became the latest network to sever its ties to Trump after he characterized Mexican immigrants as rapists and criminals, Trump insisted he had nothing to apologize for, saying his remarks were “100 percent correct.”(continued)
  • French Economy In "Dire Straits", "Worse Than Anyone Can Imagine", Leaked NSA Cable Reveals (2012)

    06/29/2015 5:19:28 PM PDT · by dynachrome · 27 replies
    zero hedge ^ | 6-29-15 | Zero Hedge
    French Finance Minister Says Economy in Dire Straits, Predicts Two Atrocious Years Ahead (TS//SI//NF) (TS//SI//NF) The French economic situation is worse than anyone can imagine and drastic measures will have to be taken in the next 2 years, according to Finance, Economy, and Trade Minister Pierre Moscovici. On 19 July, Moscovici, under pressure to reestablish a preretirement unemployment supplement known as the AER, warned that the situation is dire. Upon learning that there are no funds available for the AER, French Senator Martial Bourquin warned Moscovici that without the AER program the ruling Socialist Party will have a rough time...
  • Leftist politics have doomed Greece to collapse

    06/29/2015 4:11:46 PM PDT · by Textide · 9 replies
    The Telegraph ^ | 29-June-2015 | Allister Heath
    It is always those in the middle -- and especially what Marxist intellectuals call the petit bourgeois, the aspiring, hard-working workers and savers -- who are hurt the hardest It was Adam Smith who put it best. “There is a great deal of ruin in a nation”, he wrote in reply to an over-excited young man who thought that Great Britain was facing devastation after a setback during the US war of independence. Smith was right about the specifics as well as the general point, of course: America was thankfully soon to win its independence, and both Britain and the...
  • Unpaid Internships Are Worth it: Suck it Up Millennials

    06/29/2015 7:50:18 AM PDT · by Kaslin · 28 replies
    Townhall.com ^ | June 29, 2015 | Kristan Hawkins
    A die-hard Hillary Clinton supporter – a young, female Millennial – recently applied to be a fellow with the campaign and was accepted. However, she was asked to move out of state and work for free. It was hard not to laugh at her over-the-top, entitled millennial reaction published in USA Today: “Finding out that Hillary perpetuates the exploitation known as unpaid internships was like discovering that Santa wasn't real.” Poor baby. Millennials are in a tough position right now. They are hard pressed to find work, with 14% of them unemployed, others barely able to make it on a...
  • Global markets slide on Greek crisis fears

    06/29/2015 4:26:42 AM PDT · by expat_panama · 24 replies
    CNBC ^ | Jun 29, 2015 | Kalyeena Makortoff
    The deepening Greek crisis hit global markets on Monday, as the country imposed capital controls ahead of a national referendum on creditors' bailout conditions. Uncertainty surrounding the country's economic future dragging equity markets lower. European markets were trading sharply lower, with the pan-European Stoxx 600 (^STOXX) falling around 2.4 percent in morning trade. Both Germany's DAX (^GDAXI) and France's CAC (Euronext Paris: .FCHI) fell nearly 3.5 percent. U.S. futures also indicated a lower open, with the Nasdaq (^NDX), S&P (^GSPC) and Dow Jones Industrial Average (Dow Jones Global Indexes: .DJI) all seen opening down over 1 percent. Greece's main stock...
  • Former Clinton Adviser Predicts Bernie Sanders Will Beat Hillary Clinton

    06/28/2015 10:37:50 PM PDT · by 2ndDivisionVet · 33 replies
    The Moderate Voice ^ | June 23, 2015 | Ron Chusid
    Bill Curry, a former counselor to Bill Clinton, predicts that,Hillary Clinton is going to lose: She doesn’t even see the frustrated progressive wave that will nominate Bernie Sanders. He initially looked at how Clinton avoided answering questions about her position on TPP, but then looked at her overall campaign. Besides economics, Curry discussed another major weakness for Clinton: “She’s weakest on the sleeper issue of 2016: public corruption and the general debasement of politics and government.” I don’t think she can enlist Wall Street oligarchs and recruit an army of dewy-eyed volunteers. Above all, I don’t think she can spout...
  • The 9-to-5 office workday is dying in America

    06/28/2015 4:43:41 PM PDT · by CorporateStepsister · 42 replies
    MSN News ^ | June 28 2015 | Max Nisen
    With the rise of flexible working schedules, the freelance economy, and video conferencing, more Americans are getting their jobs done without ever heading into an office, according to new data from the American Time Use Survey released by the Bureau of Labor Statistics. Among all workers, 23% report spending all or part of their day working from home. That’s up from less than 19% in 2003, the first year for which there’s comparable data.
  • U.S. Manufacturing costs are almost as low as China’s, and that’s a very big deal

    06/27/2015 4:17:30 AM PDT · by 2ndDivisionVet · 31 replies
    Fortune ^ | June 26, 2015 | Brian Dumaine
    “Made in the U.S.A” is becoming more affordable. The reason? Fracking.You don’t need to a Nobel Prize in economics to know that the fracking revolution has been good for the U.S. What’s not so well known is just how competitive cheap oil and gas has made American manufacturing. BCG, the Boston consultancy, estimates the average cost to manufacture goods in the U.S. is now only 5% higher than in China and is actually 10% to 20% lower than in major European economies. Even more striking: BCG projects that by 2018 it will be 2% to 3% cheaper to make stuff...
  • The EPA vs. Pennsylvania's minorities

    06/27/2015 2:27:18 AM PDT · by Cincinatus' Wife · 31 replies
    Pittsburgh Tribune Review ^ | June 24, 2015 | Harry C. Alford, president and CEO of the National Black Chamber of Commerce
    With the Obama administration only two months away from releasing its “Clean Power Plan,” much debate has focused on the supposed benefits of cutting U.S. greenhouse gas emissions over the next 15 years. Lost amid the rhetoric is the economic hardship it will impose on working families — especially the 2.2 million blacks and Hispanics living in Pennsylvania. That's the finding from a new study commissioned by the National Black Chamber of Commerce. This regulation will leave minority communities with disproportionately fewer jobs, lower incomes and higher poverty than whites. Thus, while the administration calls its regulation a “justice issue”...
  • Scott Walker on Crime and Punishment: Back to the ‘90s

    06/26/2015 12:03:51 PM PDT · by Cincinatus' Wife · 4 replies
    Marshall Report ^ | June 26, 2015 | Eli Hager
    Governor Scott Walker knew exactly what he was doing Wednesday as he signed two bills expanding access to guns only a week after a gunman had murdered nine parishioners at Emanuel AME Church in South Carolina. “If we had pulled back on this,” the likely Republican presidential candidate said as he abolished Wisconsin’s 48-hour waiting period for purchasing handguns (which had been in effect since 1976) and authorized off-duty and retired cops to carry firearms inside public schools, “I think it would have given people the erroneous opinion that what we signed into law today had anything to do with...
  • Obama's 'Disparate Impact' Witch Hunt Vs. Banks Gets Surprise Court Blessing

    06/26/2015 4:05:55 AM PDT · by expat_panama · 18 replies
    Investors Busniness Daily ^ | 06/25/2015 | [editors]
    Civil Rights: The Supreme Court has given the White House license to water down, if not destroy, virtually every standard dealing with housing. There's nothing stopping its push for affirmative-action lending and zoning. In a shocking 5-4 decision, the high bench ruled that housing- and lending-discrimination lawsuits based on no proof other than statistics showing different outcomes by minority groups are within the bounds of civil-rights law. It agreed with housing-rights zealots that zoning and underwriting policies that have a harmful effect — or disparate impact — on minorities are illegal, even if that harm is unintentional. Sometime-conservative Anthony Kennedy...
  • Do the roots of the racial economic gap run so deep that real solutions are out of reach?

    06/25/2015 10:54:26 PM PDT · by 2ndDivisionVet · 38 replies
    The Washington Post's WonkBlog ^ | June 23, 2015 | Michael A. Fletcher, national economics correspondent
    The economic problems confronting African Americans are staggering, and many of them are rooted in the nation's shameful racial history. That is one takeaway from a Congressional Black Caucus meeting at the University of Baltimore on Tuesday, aimed at exploring the underlying causes of the April rioting that rocked Charm City in the wake of the suspicious death of Freddie Gray in police custody. Another takeaway might be that any solutions that would match the scale of the economic disparities are politically out of reach. The lawmakers, who were joined by several Democratic members of the Joint Economic Committee for...
  • Uber for benefits: An idea that could transform America’s economy

    06/25/2015 8:48:48 PM PDT · by 2ndDivisionVet · 7 replies
    Fusion ^ | June 24, 2015 | Felix Salmon
    The rise of Uber and other start-ups that deliver services at the tap of an app has been dependent on flexibly-employed workers who have, for the most part, embraced the sharing economy and the freedom that comes with it. The gig economy should, or at least could, be a significant improvement on the world of full-time jobs that last years or decades. Employers can access a dynamic and flexible on-demand workforce; workers can shop their skills to the highest bidder in real time, take as much time as they want for themselves, and never feel locked in to a dysfunctional...
  • Donald Trump on Black Youths: ‘There’s No Spirit’

    06/25/2015 4:20:08 PM PDT · by 2ndDivisionVet · 18 replies
    The Root ^ | June 25, 2015 | Nigel Roberts
    The GOP presidential candidate spoke freely about race as a new poll puts him second in the field of Republican presidential contenders. The entertainment division of Univision Communications Inc. has announced that it is severing ties with the Miss Universe Organization, which is part-owned by Donald J. Trump, after recent reports of Trump's disparaging remarks toward Mexicans. "At Univision, we see first-hand the work ethic, love for family, strong religious values and the important role Mexican immigrants and Mexican-Americans have had and will continue to have in building the future of our country," a statement released by UCI reads. "We...
  • NCBA warns of lawsuit over Waters of the U.S.

    06/25/2015 9:18:56 AM PDT · by george76 · 13 replies
    Farm Futures ^ | Jun 23, 2015
    NCBA will engage EPA in lawsuit alleging overreach in Waters of the U.S. rule, group says. Concerns of cattlemen regarding the U.S. EPA and Army Corps of Engineers Waters of the U.S. rule released last month are coming true, National Cattlemen's Beef Association Vice President of Government Affairs Colin Woodall said Tuesday, but that's actually generating more support for repeal efforts. We just got some more feedback this last weekend that it's the determination of the EPA that any stock tank or pond that runs around in a flooding type event would be considered a 'water of the United States,'"...
  • US economy not as bad in 1st quarter, paving way for rebound

    06/25/2015 4:46:03 AM PDT · by expat_panama · 38 replies
    AP News ^ | Jun 24, 2015 | AP News
    The U.S. economy contracted in the first three months of the year, just not as much as previously estimated. More recent data show that the weakness was largely temporary, with a rebound in the works for the April-June quarter. The economy, as measured by the gross domestic product, shrank at a seasonally adjusted annual rate of 0.2 percent from January through March, the Commerce Department said Wednesday. That's better than last month's estimate of a 0.7 percent decrease. Harsh winter weather slowed spending by keeping consumers away from shopping malls and auto dealerships. The trade deficit ballooned, slicing growth by...
  • Why Don’t the Poor Rise Up?

    06/24/2015 8:29:33 PM PDT · by 2ndDivisionVet · 74 replies
    The New York Times ^ | June 24, 2015 | Thomas B. Edsall
    Why are today’s working poor so quiescent? I’m not the only one posing this question. “Why aren’t the poor storming the barricades?” asks The Economist. “Why don’t voters demand more redistribution?” wonders David Samuels, a political scientist at the University of Minnesota. The headline on an April 7 National Catholic Reporter article reads: “Why aren’t Americans doing more to protest inequality?” There are legitimate grounds for grievance. For those in the bottom quintile, household income in inflation-adjusted dollars has dropped sharply, from $13,787 in 2000 to $11,651 in 2013. According to the Census Bureau, 64 million Americans currently live in...
  • (VA) Senator Warner Addresses the Opportunities and Challenges of the 'Sharing Economy'

    06/24/2015 7:16:40 AM PDT · by Perseverando · 11 replies
    Senator Mark Warner ^ | June, 2015 | Unattributed
    Whether by economic necessity or by choice, as many as one-third of American workers now find themselves piecing together two, three or more on- demand opportunities to make a living. It's called The Gig Economy, or the Sharing Economy. Yet Washington mostly has remained on the sidelines as the U.S. economy, its workforce and the work place, have undergone perhaps the most dramatic transformation in decades. Senator Warner, a former business executive, is committed to bringing this conversation to Washington, working with his colleagues, stakeholders, and the growing “gig economy” workforce, to put forward practical solutions to keep up with...
  • ARMENIA: Thousands Protest in Armenian Capital Amid Economic Hardship

    MOSCOW—Thousands of protesters rallied near the presidential residence in the capital of Armenia in the South Caucasu in the first shock wave of discontent over economic hardship sparked by recession in regional heavyweight Russia. Undeterred by police batons and water cannons used to disperse protests earlier in the day, when police detained more than 230 protesters, mostly young people waving Armenian flags marched toward the president’s residence in Yerevan on Tuesday evening before halting in front of rows of riot police clad in body armor and holding shields. Sanctions over Russia’s role in Ukraine, including restrictions renewed by the European...
  • Pope Blames Markets for Environment’s Ills

    06/24/2015 4:43:46 AM PDT · by expat_panama · 61 replies
    Wall Street Journal ^ | June 18, 2015 | Francis X. Rocca
    ROME— Pope Francis in his much-awaited encyclical on the environment offered a broad and uncompromising indictment of the global market economy, accusing it of plundering the Earth at the expense of the poor and of future generations. In passionate language, the pontiff attributed global warming to human activity, blamed special interests for holding back policy responses and said the global North owes the South “an ecological debt.” The 183-page document, which Pope Francis addresses to “every person living on this planet,” includes pointed critiques of globalization and consumerism,... [snip] “Economic powers continue to justify the current global system where priority...
  • RESIDENTIAL VACANCIES AND HOMEOWNERSHIP IN THE FIRST QUARTER 2015

    06/22/2015 9:54:51 PM PDT · by ForYourChildren · 3 replies
    U.S. Census Bureau News ^ | April 28, 2015 | Robert R. Callis, Melissa Kresin
    National vacancy rates in the first quarter 2015 were 7.1 percent for rental housing and 1.9 percent for homeowner housing, the Department of Commerce’s Census Bureau announced today. The rental vacancy rate of 7.1 percent was 1.2 percentage points (+/-0.4) lower than the rate in the first quarter 2014 and 0.1 percentage point (+/-0.3)* higher than the rate last quarter. The homeowner vacancy rate of 1.9 percent was 0.1percentage point(+/-0.2)* lower than the rate in the first quarter 2014and approximately the same as the rate last quarter (+/-0.1)*. The homeownership rate of 63.7 percent was 1.1percentage points (+/-0.4) lower than...
  • Something is coming (Editorial)

    06/22/2015 5:17:22 PM PDT · by SkyPilot · 151 replies
    Flashtrafficblog Joel C. Rosenberg Blog ^ | 20 Jun 15 | Joel Rosenberg
    Something is coming. I don’t know what. But we must be ready. Here’s the key question: Is America heading towards a terrible implosion or a great awakening? I feel a tremendous sense of urgency about this column. The United States is hurtling towards severe trouble, and the events of the past few months — and what may be coming over the next few months — grieves me a great deal. Something is coming. I don’t know what. But we all must be ready in every possible way. Consider where we are in the summer of 2015: •Violence is exploding in...
  • Pope Francis, climate change...and America's mass murder epidemic (Hurl warning)

    06/22/2015 10:12:48 AM PDT · by 2ndDivisionVet · 45 replies
    The Philadelphia Inquirer's Attytood Blog ^ | June 21, 2015 | Will Bunch
    Last week was a hard one to fully process for adult-ADD-addled news junkie like me. A momentous and arguably uplifting event -- Pope Francis' encyclical on climate change, a powerful document that folks may still be talking about in the year 2525, if Man (and Woman) are still alive -- was drowned out, at least in this country, by by the sound of gunfire and the manifestation of raw hate that occurred in Charleston. (And who exactly was Rachel Dolezal again?) The tragedy of Charleston and its "Mother Bethel" church absolutely needs to stay on the front burner of the...
  • On Taxes, Scott Walker Has Wisely Jettisoned the Supply-Side Orthodoxy

    06/22/2015 7:26:19 AM PDT · by Cincinatus' Wife · 17 replies
    National Review ^ | June 22, 2015 | Henry Olsen
    Like all the GOP presidential contenders, Scott Walker is being advised by economists and editorial writers to adopt a “cut the top rate first” tax policy. It would be a shame if he followed their advice, which would mean abandoning the approach that he has employed in Wisconsin to such political and economic success. Standard “supply side” tax policy argues that the inventions and advances of the economy’s most active participants drive most growth. Thus, tax policy’s priority should be to encourage more of that activity by lowering the marginal rate on those participants’ income. Since the most economically active...