Keyword: economy

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  • These 2 Charts Show Why The Economic Crisis Is Far From Over

    09/30/2014 6:34:45 AM PDT · by blam
    BI ^ | 9-30-2014 | Tomas Hirst
    Tomas Hirst September 30, 2014The hot debate in financial circles at the moment is exactly when the Fed (and/or the Bank of England) will start raising rates as the economic recovery picks up steam. However, the authors of the Geneva Report suggest talk of the crisis being over is seriously premature. Six years on from the financial crisis, people were expecting a global economy less reliant on debt financing and gradually moving back toward trend growth. According to Luigi Buttiglione, Philip Lane, Lucrezia Reichlin, and Vincent Reinhart, we instead have global debt-to-GDP breaking new highs and a permanent decline in...
  • Juan Williams: Economy could tip election to Dems

    09/30/2014 4:21:05 AM PDT · by Sir Napsalot · 56 replies
    The Hill ^ | 9-29-2014 | Juan Williams
    One of the biggest surprises on the midterm campaign trail is hearing President Obama echo President Reagan’s famous question by asking voters whether “you are better off than you were four years ago.” The question is the hammer in Obama’s toolbox for nailing down his Democratic majority in the Senate in this year’s midterm election. “By almost every economic measure, we are better off today than we were when I took office,” the president said in a Sept. 19 speech to the Women’s Leadership Forum, sponsored by the Democratic National Committee. Speaking to a Labor Day rally of union workers...
  • Study: Recessions can postpone motherhood forever

    09/29/2014 9:20:34 PM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Sep 29, 2014 3:39 PM EDT | Malcolm Ritter
    When the economy tanks, women have fewer babies. But what happens in the following years, when conditions improve? A massive new study suggests that for some U.S. women, living through a recession can mean they will never have children. In fact, the authors project that among women who were in their early 20s in 2008—early in the so-called “Great Recession”—about 151,000 will forgo having any children as a result, at least by age 40. …
  • One-fifth of U.S. workers were laid off in past five years, study says

    09/29/2014 6:02:08 PM PDT · by usconservative · 23 replies
    L.A. Times (Link Only) ^ | 9/29/2014 | Jim Puzzanghera
    Link only. Excellent Article that should spur discussion.
  • Failing the Midterms: The Democrats can’t win by cutting class (The view from the very far-left)

    09/29/2014 4:54:01 PM PDT · by 2ndDivisionVet · 1 replies
    In These Times ^ | September 29, 2014 | Chris Lehmann, contributing editor
    Midterm elections are, above all, mid—a mile marker plunked between the two main-event presidential contests. Sometimes, the pundit class declaims, they act as a referendum on the present occupant of the Oval Office. But beyond that, they’re viewed as exercises in major-party housekeeping—opportunities to pick off a vulnerable seat or three, and perhaps to nudge local political talent closer to the national stage. Still, the 2014 midterm cycle looks especially mid—and distinctly sub-mid for Democrats, who not long ago commanded sizable majorities in the House and Senate. Things look so grim that the Democratic Party leadership is challenged in simply...
  • Obama: The Country Is Better Off, People Just Don’t Feel It

    09/29/2014 8:35:59 AM PDT · by SeekAndFind · 35 replies
    President Obama firmly believes the United States is better off now than when he took office, even though the American people cannot “feel” it. During an interview with 60 Minutes’ Steve Kroft, Obama said, “the country is definitely better off than when I came into office.” “When I came into office, our economy was in crisis,” Obama said. The president then cited lower unemployment, private sector job growth, and deficit cuts as evidence of his administration’s success. “I can put my record against any leader around the world in terms of digging ourselves out of a terrible, almost unprecedented financial...
  • Finally, The US Manufacturing Renaissance Is Happening

    09/29/2014 6:37:57 AM PDT · by blam · 24 replies
    BI ^ | 9-29-2014 | Ed Yardeni
    Ed Yardeni, Dr. Ed's Blog September 29, 2014 Over the past few years, there has been lots of buzz about the coming manufacturing renaissance in the US. The central concept is that plentiful and cheap natural gas will convince manufacturers to expand or to move production to the US to cut their energy costs. Labor is still cheaper overseas, but it isn’t as expensive as it once was in the US. Besides, the IT revolution has increased factory productivity with more automation, including robots and the “Internet of Things.” The recent strength in the dollar could be a spoiler if...
  • Tom Friedman says Reagan had it easy compared to Obama

    09/28/2014 11:53:42 AM PDT · by 2ndDivisionVet · 60 replies
    American Thinker ^ | September 28, 2014 | Thomas Lifson
    The rationalizations for Obama’s failures are already beginning, and Tom Friedman employs the laziest of all strategies, tearing down a great man to make a small man look bigger. In his Sunday column in the New York Times, Friedman makes a number of highly dubious points. These days there is a lot of “if-only-Obama-could-lead-like-Reagan” talk by conservatives. I’ll leave it to historians to figure out years from now who was the better president. On the question of the domestic economy, there can be little doubt. Reagan inherited far higher unemployment and high inflation, and within a year or so had...
  • Investment & Finance End of 2014 Q3 into Q4 Thread Edition

    09/28/2014 10:13:30 AM PDT · by expat_panama · 26 replies
    Weekly investment & finance thread ^ | Sept. 26, 2014 | Freeper Investors
    Investment & Finance End of 2014 Q3 into Q4 Thread Edition Comodities Stock Indexes    now   3 Mo. Chg.   Annualized return     now   3 Mo. Chg.   Annualized return  gold $1,220.26 -7.2% -25.9% S&P500 1,982.85 1.2% 4.7% silver $17.71 -16.2% -50.7% DJIA 17,113.15 1.7% 7.0% oil $512.66 -6.2% -22.6% NASDAQ 4,512.19 2.4% 9.8% U.S. $ $85.62 6.7% 29.8% Rus2k 1,119.33 -6.2% -22.5%  Here's what happened with the third quarter investments:  Looks like the dollar soared (so much for Fed printer devaluations), metals tanked (so much for safe havens), and while big cap. stocks have done best this past quarter the current...
  • Pot Draws Homeless To Colorado In Search Of Work

    09/26/2014 10:07:20 PM PDT · by 2ndDivisionVet · 31 replies
    KCNC-TV ^ | September 25, 2014
    (VIDEO-AT-LINK)Legal marijuana is luring pot tourists and business entrepreneurs to Colorado, and it’s also attracting another demographic: the homeless, some of whom trek to the state in hopes of landing a job in the industry. “There’s an enormous migration, even a homeless movement, so to speak,” David Spencer, a homeless man from Tennessee, said. “I figured this would be a good place to start over.” While shelters across the metro area are willing to open their doors, they’re quickly running out of room. “We were averaging 190 (homeless) last year. We’re now averaging 345 a night,” Murray Flagg of the...
  • Famed Chef Emeril Lagasse Says Obama May Drive Him Broke

    09/26/2014 12:53:14 PM PDT · by 2ndDivisionVet · 68 replies
    PJ Tatler ^ | September 25, 2014 | Bryan Preston
    Famed chef Emeril Lagasse says that it’s becoming all but impossible to be a successful restaurateur in America today. The government just gets in the way too much. Lagasse specifically singled out the current president’s policies. “It’s becoming a very challenging industry to become a very successful average restaurateur,” continued Lagasse. “I can’t charge $300 a person in my restaurant or I would not be in business. Am I using any different ingredients? Not really. Am I using any caliber of service staff? I don’t think so. I think our service is as good or better than most places.” “And...
  • Final Q2 GDP 4.6%, says Bureau of Economic Analysis [Best in two years]

    09/26/2014 11:11:15 AM PDT · by SeekAndFind · 8 replies
    Hotair ^ | 09/26/2014 | Ed Morrissey
    The previous estimates of economic growth in the second quarter turned out to be a shade too modest. The final estimate of second-quarter growth from the Bureau of Economic Analysis puts the annualized GDP increase at 4.6%, the best quarter in more than two years, and a sharp rebound from Q1′s -2.1%: Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 4.6 percent in the second quarter of 2014, according to the “third” estimate released by the Bureau of Economic...
  • Jobless claims rise 12K, but it's good news for the labor market (Actual Headline)

    09/25/2014 8:50:55 AM PDT · by nhwingut · 7 replies
    The number of Americans filing new claims for unemployment benefits rose less than expected last week, suggesting an acceleration in job growth in September.
  • Weekly Jobless Claims Rise Less than Expected, Point to Firming Labor Market

    09/25/2014 8:34:45 AM PDT · by mykroar · 19 replies
    FoxBusiness.com ^ | 9/25/14 | Reuters
    <p>The number of Americans filing new claims for unemployment benefits rose less than expected last week, suggesting an acceleration in job growth in September.</p> <p>Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 293,000 for the week ended Sept.20, the Labor Department said on Thursday.</p>
  • Eagle Ford pumps close to 90 billion into ecomony

    09/25/2014 7:00:27 AM PDT · by q_an_a · 8 replies
    Dallas Business Journal ^ | 9.24.14 | James Aldridge
    Oil and natural gas production in Eagle Ford Shale generated an estimated $87 billion in total economic output for Texas and supported nearly 155,000 full-time jobs in 2013. That’s according to a new study released Tuesday by the University of Texas at San Antonio Institute for Economic Development. The shale region, which encompasses a 21-county, and generated more than $4.4 billion in tax revenue to local and state governments in 2013. Based on these updated figures, UTSA projects that the shale region will support more than 196,000 jobs and generate $137 billion in total economic output for Texas by 2013.
  • Workers of the World, Goodbye

    09/23/2014 7:49:53 PM PDT · by 2ndDivisionVet · 31 replies
    Taki's Magazine ^ | September 22, 2014 | Jim Goad
    There was something pathetically nostalgic at the specter earlier this month of fast-food workers demanding compensation to the tune of $15 an hour for performing jobs that require almost no skills beyond not being in a coma. It recalled a halcyon age very long ago when management depended on menial labor, when a general strike of unskilled workers could bring bosses to their knees. But now a company called Momentum Machines is touting a device that can allegedly shoot out 360 custom-ordered and fully wrapped burgers per hour, rendering the very idea of an exploited and undercompensated “fast-food worker” a...
  • Finding a Door Into Banking, Walmart Prepares to Offer Checking Accounts

    09/23/2014 7:18:01 PM PDT · by 2ndDivisionVet · 19 replies
    The New York Times ^ | September 23, 2014 | Hiroko Tabuchi and Jess SilverGreenberg
    Here comes Wal-Bank. After years of thwarted efforts to break into banking, Walmart is making its biggest foray yet into everyday financial services. Walmart, the nation’s largest retailer, is teaming up with Green Dot, known for its prepaid payment cards, to supply checking accounts to almost anyone over 18 who passes an identification check. Daniel Eckert, senior vice president at Walmart, said on Tuesday that the accounts would be available nationwide by the end of October. The accounts are intended to be low-cost alternatives to traditional bank checking accounts, with no fees for overdrafts or bounced checks and no minimum...
  • Bill Clinton outlines 100-day agenda for next president

    09/23/2014 5:15:59 PM PDT · by 2ndDivisionVet · 22 replies
    The Los Angeles Times ^ | September 22, 2014 | Maeve Reston
    Hillary Rodham Clinton seems more eager to talk about her soon-to-arrive grandchild than her plans for a potential presidential run, but her husband seemed more than happy to allude to both prospects Monday.. Bloomberg’s Charlie Rose interviewed the former president during the 10th Clinton Global Initiative in New York on Monday, the international gathering sponsored by his family's foundation. Rose danced around the specific question of whether Hillary Clinton will run in 2016, presumably because Bill Clinton has repeatedly insisted that he does not know. But he pressed Clinton for clues about what another Clinton presidency might look like, while...
  • This Is About As Good As Things Are Going To Get For The Middle Class – And It’s Not That Good

    09/23/2014 2:18:56 PM PDT · by blam · 19 replies
    TEC ^ | 9-23-2014 | Michael Snyder
    By Michael Snyder September 22nd, 2014 U.S. economy has had six full years to bounce back since the financial collapse of 2008, and it simply has not happened. Median household income has declined substantially since then, total household wealth for middle class families is way down, the percentage of the population that is employed is still about where it was at the end of the last recession, and the number of Americans that are dependent on the government has absolutely exploded. Even those that claim that the economy is "recovering" admit that we are not even close to where we...
  • A gasoline tax map that explains a lot

    09/23/2014 3:39:32 AM PDT · by WhiskeyX · 60 replies
    Exxon Mobil Perspectives ^ | February 7, 2014 | Ken Cohen
    In last week’s post about ExxonMobil’s 2013 earnings, I noted that we earned about 5.5 cents for every gallon of gasoline and other petroleum products we refined, shipped, and sold in the United States. Consider this: The federal and state and local governments collected 40 to 60 cents per gallon in taxes. The American Petroleum Institute just updated their map showing the combined local, state and federal tax rate in each state as of Jan. 1, when new taxes took effect.
  • The American Middle Class Hasn’t Gotten A Raise In 15 Years

    09/22/2014 8:29:16 PM PDT · by Theoria · 30 replies
    Five Thirty Eight ^ | 22 Sept 2014 | Ben Casselman
    In 1988, the typical American adult was 40 years old, white and married, with a high school diploma. If he was a man, he probably worked full time. If she was a woman, she probably didn’t.Twenty-five years later, Americans are older, more diverse and more educated. We are less likely to be married and more likely to live alone. Work is divided more evenly between the sexes. One thing that hasn’t changed? The income of the median U.S. household is still just under $52,000.The government’s release last week of income and poverty data for 2013 brought renewed attention to the...
  • Plurality now think businesses that provide wedding services be required to serve gay weddings too

    09/22/2014 6:59:09 PM PDT · by 2ndDivisionVet · 41 replies
    Hot Air ^ | September 22, 2014 | Allahpundit
    I wish Pew had provided older numbers to use as a yardstick here. Can’t tell if this has been fairly constant for a few years now or if opinion is starting to move towards gays on public accommodations as well. The fact that more people support compulsion in the name of antidiscrimination than the right of the business owner to refuse for reasons of conscience is newsy, though. Say, wasn’t there another splashy poll by a famous pollster on this subject last year? Yep, sure was — Rasmussen asked a similar question in June 2013 and found, no typo, that...
  • Billionaires are hoarding piles of cash

    09/22/2014 4:15:05 PM PDT · by SkyPilot · 87 replies
    CNBC ^ | 22 Sep 14 | Robert Frank
    Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today's markets. According to the new Billionaire Census from Wealth-X and UBS, the world's billionaires are holding an average of $600 million in cash each—greater than the gross domestic product of Dominica. That marks a jump of $60 million from a year ago and translates into billionaires' holding an average of 19 percent of their net worth in cash. "This increased liquidity signals that many billionaires are keeping their money on the sidelines and waiting for the optimal moment to...
  • BOOK: USA SPENDING 30 TIMES MORE PER CAPITA THAN CHINA ON SOCIAL PROGRAMS

    09/22/2014 11:21:46 AM PDT · by Jim Robinson · 11 replies
    Breitbart ^ | September 22, 2014 | By Robert Wilde
    Financial expert and author, Joe Hoft, told Breitbart News Executive Chairman, Stephen K. Bannon, that America’s exorbitant spending on social programs is a disaster waiting to happen, on par with or greater than the bank meltdown in 2008. Appearing on Breitbart News Sunday on Sirius XM Patriot to discuss his book , Falling Eagle Rising Tiger, Hoft explained that when the Great Depression paralyzed America in the 1930’s, President Franklin Roosevelt did not let the crisis go to waste and pushed for social change with his New Deal. Joe, the identical twin brother of the controversial purveyor of Gateway Pundit,...
  • Obama tries Reagan touch on economy, but wages weigh

    09/22/2014 8:07:59 AM PDT · by detective · 8 replies
    MSN News ^ | September 21, 2014 | Jason, Lange and Roberta Rampton
    President Barack Obama, stumping for the Democrats ahead of November's congressional elections, has twice invoked Ronald Reagan's seminal campaign question: "Are you better off than you were four years ago?" Framing the debate like that helped Reagan twice - in 1980 when he beat incumbent Jimmy Carter, and then again in 1984 when he won re-election during an economic upswing.
  • Global Leading Indicator Plunges To Economic "Slowdown", Goldman Warns

    09/21/2014 7:01:39 PM PDT · by blam · 9 replies
    Zero hedge ^ | Tyler Durden
    Tyler Durden 09/21/2014 Just two short months ago, Goldman Sachs was exuberant over the 'expansion' signals that the firm's Global Leading Indicator Swirlogram was exhibiting as it confirmed their 'economists' expectations that the Keynesian hockey-stick of hope would once again re-appear majestically in H2 2014 and lift America (and the world) to escape velocity. That dream is over. Confirming the collapse of world GDP expectations, Goldman's GLI has plunged into 'slowdown' with momentum starting to slow. Perhaps, just perhaps, as we noted previously, this time is not different and the annual cycle of extrapolating early-year hope is rapidly turning to...
  • Joe Biden Invents New Name For The President [Video]

    09/21/2014 12:43:40 PM PDT · by 2ndDivisionVet · 22 replies
    The Inquisitr News ^ | September 21, 2014
    Joe Biden made three (or perhaps four) gaffes this past week, but a recent public speaking mishap might have flown under the media radar. In that instance, the VP seemingly made up a president who never existed. In a trifecta this week, the Democrat had to apologize for using the perceived anti-Semitic term “Shylocks,” referred to Asia as “the Orient” which was deemed offensive to Asian Americans, and praised former colleague Bob Packwood — a lawmaker who was chased out of the U.. Senate amidst sexual harassment charges in 1995 — in front of a women’s group. In August, moreover,...
  • A New Fed Playbook for the New Normal

    09/21/2014 12:01:46 PM PDT · by Kaslin · 6 replies
    Townhall.com ^ | September 21, 2014 | Peter Schiff
    While many economists and market watchers have failed to notice, we have entered a new chapter in the short and checkered history of central banking. This paradigm shift, as yet unaddressed in the textbooks, changes the basic policy tools that have traditionally defined the sphere of macroeconomic decision-making. The job of a central banker is supposed to be the calibration of interest rates to achieve the optimal rate of growth for any particular economic environment. It is hoped that successful decisions, which involve perfectly timed moves to raise rates when the economy overheats and lower them when it cools, would...
  • Investment & Finance Week in Review (Thread -Sept. 21 edition)

    09/21/2014 11:32:29 AM PDT · by expat_panama · 72 replies
    Weekly investment & finance thread ^ | Sept. 21, 2014 | Freeper Investors
    Investment & Finance Week in Review (Thread -Sept. 21 edition)Prices finally picked a direction and went for it  --topping a super week w/ metals collapsing, an FOMC meeting, Scottish Vote not to do anything, new IRS rules, stocks leaping, and the Alibaba IPO hype,  --and in the lull before the end of Q3 and beginning a new earnings season.  One thing at a time; metals finally broke in to newer lower levels as support folded,    ...and stock traders made up their minds deciding to respect the 50-day moving average support and rebound prices into what IBD calls "market in...
  • Alibaba: The ChiCom Dream?

    09/20/2014 9:42:47 PM PDT · by 2ndDivisionVet · 32 replies
    The Excellence in Broadcasting Network ^ | September 19, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: I got people... People who know that I am a tech aficionado are asking me, "Rush, what's Alibaba, and do I need to be concerned about it?" Alibaba is the Chinese, the ChiCom Amazon, and it is going through its IPO today. It just became the world's largest Internet business and close to the world's largest business, period. It's gonna end up being even bigger than Walmart today. Jack Ma, you can see him. Drudge features a couple of pictures of Jack Ma. He founded Alibaba on the front page of the Drudge Report, Yahoo owns 23%...
  • U.S. will train 50,000 veterans to install solar panels

    09/20/2014 3:21:38 AM PDT · by 2ndDivisionVet · 59 replies
    CTV News / The Associated Press ^ | September 18, 2014 | Josh Lederman, The Associated Press
    The U.S. is planning to train veterans to become solar panel installers in the next six years, the White House said Thursday. The jobs training program is among a host of initiatives the White House says will cut carbon dioxide emissions by more than 300 million tons through 2030, plus save billions of dollars on energy bills for homeowners and businesses. It will launch this fall at one or more military bases and train a total of at least 50,000, including veterans....
  • Sonoma County jobless rate falls in August

    09/19/2014 6:01:55 PM PDT · by rey · 4 replies
    Press Democrat ^ | September 19, 2014 | ROBERT DIGITALE
    With school employees returning to work, Sonoma County’s unemployment rate dipped in August to 5.4 percent, the lowest rate for the month in seven years. In August, Sonoma had the fifth-lowest unemployment rate among the state’s 58 counties. Marin ranked first with a rate of 4.2 percent. Napa ranked fourth at 4.8 percent, Mendocino was 12th at 6.1 percent and Lake, 40th at 8.9 percent.
  • ROSENBERG: 'The Economy Is Starting To Fire On All Cylinders For The First Time This Cycle'

    09/19/2014 2:41:33 PM PDT · by blam · 80 replies
    Bi ^ | 9-19-2014 | Elena Holodny
    Elena HolodnySeptember 19, 2014 David Rosenberg, Chief Economist & Strategist at Gluskin Sheff, surprised everyone when he adopted a more bullish view in 2013. On Friday he released a research note that included a brief and pretty optimistic summary of the US economy. Here's what it said: United States In the US, the economy is starting to fire on all cylinders for the first time this cycle. The strong US dollar is a source of margin support for importers which is great news for many consumer cyclicals. Tack on stepped consumer credit growth, job and wage gains, gasoline price relief,...
  • Tampa Bay Ranks Dead Last In Median Household Income Among Biggest Metros

    09/19/2014 9:21:07 AM PDT · by Iron Munro · 26 replies
    Tampa Bay Times ^ | Thursday, September 18, 2014 | Jeff Harrington
    Median household income in Tampa Bay has sunk lower than it was in 2010, the early days of recovery from the Great Recession, cementing the bay area's dead-last ranking in income among the country's 25 biggest metro areas. Things aren't much better across the state. Miami, the only other Florida city on the list, comes in at second lowest. Tampa Bay and Miami are the only two metro areas with median household income languishing below $50,000. (Median income means half are above that and half below.) "I'm not surprised," said Mark Vitner, a senior economist with Wells Fargo, who has...
  • Obama's Ebola Agenda to Collapse the World Economy

    09/18/2014 8:29:50 AM PDT · by alexmark1917 · 69 replies
    Last few months spent gathering data and lining up the dominoes. Time to connect the dots. Obama sending US troops to West Africa to get infected and bring back here. Remember, it has a 21-day incubation period and new mutations very likely are undetectable. GENERAL: SENDING MILITARY TO FIGHT EBOLA ‘MISUSE’ OF SOLDIERS Ex-Delta Force commander stresses ‘great risk’ of infection Read more at http://www.wnd.com/2014/09/boykin-sending-military-to-fight-ebola-misuse-of-soldiers/#RDQcKjtdQIuiO0Op.99 World Bank: Ebola’s Economic Impact Could Be ‘Catastrophic’ http://time.com/3394147/ebola-world-bank/ US to begin Ebola hospital equipment lift to Liberia http://www.foxnews.com/health/2014/09/18/us-to-begin-ebola-hospital-equipment-lift-to-liberia/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:%20foxnews/health%20(Internal%20-%20Health%20-%20Text) A French aid worker from the medical charity Medecins Sans Frontieres (MSF) has contracted the Ebola...
  • Senators take aim at NFL’s tax benefits

    09/17/2014 9:42:55 AM PDT · by illiac · 44 replies
    MarketWatch ^ | 9/17/14 | MarketWatch
    The National Football League’s had a tough first three weeks of the season. The league made the news again Tuesday when New Jersey Sen. Cory Booker, a Democrat, introduced legislation that would put an end to the league’s tax-exempt status. Sen. Maria Cantwell, a Democrat from Washington, also reportedly plans to introduce legislation eliminating the league’s status. While Booker was pushed by the league’s handling of players involved with domestic violence, Cantwell is looking at the the NFL’s lack of force to get Washington to change its highly criticized name. Cantwell, also former chair of the Senate Indian Affairs Committee...
  • The War on Poverty Has Been a Colossal Flop

    09/16/2014 6:46:32 AM PDT · by Enlightened1 · 46 replies
    The Daily Signal ^ | 09/16/14 | Robert Rector
    Liberals claim that the War on Poverty has failed because we didn’t spend enough money. Their answer is just to spend more. But the facts show otherwise. Since its beginning, U.S. taxpayers have spent $22 trillion on Johnson’s War on Poverty (in constant 2012 dollars). Adjusting for inflation, that’s three times more than was spent on all military wars since the American Revolution.
  • Russia Returns To Soviet-Era “Quality Mark” To Certify Goods

    09/15/2014 11:08:44 AM PDT · by goldstategop · 12 replies
    Itar Tass ^ | 09/15/2014 | Itar Tass
    MOSCOW, September 15 /ITAR-TASS/. Russia is returning to the Soviet-style system of marking the quality of domestic goods. The State Quality Mark of the USSR was the official Soviet mark for the certification of quality established in 1967. It was used to guarantee high commercial standards of consumer products and technical goods and was a stimulus for manufacturers to improve the quality of production. Obtaining the mark allowed Soviet enterprises to increase the state controlled price for their goods by ten percent. After the collapse of the USSR in 1991, the government introduced its own sign for certification of quality...
  • Marriott hotels placing envelopes in rooms to guilt guests into leaving gratuity

    09/15/2014 10:19:02 AM PDT · by CorporateStepsister · 175 replies
    Daily Mail ^ | 15 September 2014 | By Associated Press
    Do you leave a tip in your hotel room for the maid? Marriott is launching a program with Maria Shriver to put envelopes in hotel rooms to encourage tipping. The campaign, called 'The Envelope Please,' begins this week. Envelopes will be placed in 160,000 rooms in the U.S. and Canada. Some 750 to 1,000 hotels will participate from Marriott brands like Courtyard, Residence Inn, J.W. Marriott, Ritz-Carlton and Renaissance hotels. The name of the person who cleans the room will be written on the envelope along with a message: 'Our caring room attendants enjoyed making your stay warm and comfortable....
  • Was Ferguson the beginning of a new civil rights era?

    09/14/2014 12:54:14 PM PDT · by 2ndDivisionVet · 53 replies
    The Christian Science Monitor ^ | September 14, 2014 | Patrik Jonsson
    Ferguson became a Selma-like moment for the 2010s – to the extent the stark images caused a nation to stop and reflect on the state of racial relations in America. Moreover, a new generation of activists, who were not weaned on the nonviolence of the Civil Rights Era, is coming to the fore. Ferguson, Mo. — Burly, with tattoos and a bandanna over his face, Anthony Pruit stepped up to the Missouri State Highway Patrol captain trying to cool the tensions that engulfed Ferguson, Mo., in protests and riots this summer. “We hurt, we broken, and we ain’t all criminals,”...
  • Capital Market Update; Investment & Finance Thread (Sept. 14 edition)

    09/14/2014 12:55:21 PM PDT · by expat_panama · 74 replies
    Weekly investment & finance thread ^ | Sept. 14, 2014 | Freeper Investors
    Capital Market Update; Investment & Finance Thread (Sept. 14 edition) In a phrase it looks like everything's beginning to bust loose for stocks, metals, bonds --something here for everyone!   Stocks chalked up another distribution day last Friday as the S&P nudges toward the famous 10-week moving aveage that serves as a floor in the good times and a ceiling in the bad.  Traders are also noticing that over the past week or two up volume was slight while down volume was strong.  Like maybe some kind of consensus or something, at least for the short term.  Remember however...
  • Dems' Coalition Showing Signs of Strain

    09/14/2014 11:23:37 AM PDT · by 2ndDivisionVet · 3 replies
    RealClearPolitics ^ | September 14, 2014 | Salena Zito
    After winning the presidency, Andrew Jackson sent a message to Congress suggesting that the office be extended to six years but limited to one term. His message caused wild speculation that the first “people's president” would not seek a second term. That led to a dramatic Jackson proclamation, in a letter to Pennsylvania Democrats, that the “call of the people” trumped his “personal inclination” and he could “not refuse to serve them.” The truth is, he was never not going to run. Jackson may have been the first Democrat to be elected as president. But his secretary of State and...
  • Why Renters are Not Buying Into the “American Dream” of Homeownership

    09/14/2014 10:35:20 AM PDT · by 2ndDivisionVet · 101 replies
    The Bryan Ellis Investing Letter ^ | September 11, 2014 | Carole VanSickle Ellis
    We’ve all heard that millenials are the key to the housing recovery and that home prices are set to skyrocket just as soon as all the people renting or living in family homes (read: basements) get out, get married, get employed, and settle down in their new homes. However, for some reason, the estimates for when all this will happen just keep moving farther and farther out. In an effort to determine just what is delaying renters from becoming homeowners, the New York Federal Reserve conducted a Survey of Consumer Expectations to address the issue. The study found that while...
  • Ferguson job fair attracts 5,000

    09/14/2014 9:14:49 AM PDT · by 2ndDivisionVet · 29 replies
    The St. Louis Post-Dispatch ^ | September 14, 2014 | Stephen Deere and Joel Currier
    FERGUSON • In less than half an hour, thousands of people arrived, dressed in jeans and suits, with their résumés in hand. The line to get into a room where dozens of potential employers sat waiting was at least 45 minutes long. A job fair sponsored by the Urban League of Metropolitan St. Louis on Saturday drew about 5,000. The event, held at St. Louis Community College’s Florissant Valley campus, was supposed to end at 2 p.m. But it ran more than an hour long just so everyone who had waited in line could interview. Damon Williams, 38, said frustration...
  • Massive U.S. aid overwhelms Afghans

    09/14/2014 3:36:26 AM PDT · by huldah1776 · 21 replies
    The Washington Examiner ^ | September 13, 2014 | Mark Tapscott
    American officials have spent billions of tax dollars "setting up projects or programs that the Afghans cannot or will not sustain once international forces" leave Afghanistan, according to a government watchdog. "Afghanistan is a case study in projects and programs set up without considering" whether they can be continued, said John Sopko, Special Inspector-General for Afghanistan Reconstruction. Sopko's comments came in a speech Friday to a meeting of the Center for Security Studies at Georgetown University. The problem is the sheer magnitude of the reconstruction effort, which is bigger than any ever before undertaken by the U.S. "Last year, the...
  • Black Hills customers 'mad as hell' over proposed rate increase ( Colorado )

    09/13/2014 7:41:15 AM PDT · by george76 · 30 replies
    KRDO ^ | Sep 11, 2014 | Michelle San Miguel
    PUEBLO, Colo. - Black Hills executives heard another earful from its customers during a hearing on its proposed rate increase. "I'm mad as hell about these rate increases," said Frank Soudek. "Reasonably priced power. That's what we're asking for," said Lee Gladney. Black Hills wants to increase utility rates by 4 percent starting next year to make up for the construction cost of a wind farm in Huerfano County.
  • LETTER: Obama better for US than Bush, Romney

    09/13/2014 6:52:10 AM PDT · by 2ndDivisionVet · 72 replies
    The Daily Freeman ^ | September 12, 2014 | Linda Stuart
    Dear Editor: Re “LETTER: Obama has ruined America,” Aug. 30, 2014, by James T. Varelas: The writer obviously has been drinking the Fox News and the Tea Party Kool-Aid. His statements are totally ridiculous and without any merit. All veterans do not share his comments, but he would like you to believe that somehow, coming from a vet, it makes this credible. The reason Obama was voted in a second time is the country wanted to move away from an executive office that believes shoot first and then aim. I shudder to think what shape the country would be in...
  • Republicans Expand Edge as Better Party Against Terrorism [Gallup]

    09/12/2014 3:13:06 PM PDT · by justiceseeker93 · 10 replies
    Gallup ^ | Sept. 11, 2014 | Frank Newport
    PRINCETON, NJ -- The Republican Party has expanded its historical edge over the Democratic Party in Americans' minds as being better able to protect the U.S. from international terrorism and military threats. At this point, 55% of Americans choose the GOP on this dimension, while 32% choose the Democratic Party. This is the widest Republican advantage in Gallup's history of asking this question since 2002.
  • Oil demand growth slips to 'remarkable' 2˝-year low

    09/12/2014 1:47:17 PM PDT · by Lorianne · 39 replies
    CNBC ^ | 11 September 2014 | Matt Clinch
    Demand growth in the oil markets will be more subdued than previously expected, according to the International Energy Agency, which has once again downgraded its projections for the rest of the year. "The recent slowdown in demand growth is nothing short of remarkable," the IEA said in a new monthly report on Thursday morning. "While demand growth is still expected to gain momentum, the expected pace of recovery is now looking somewhat more subdued." Additionally, global oil demand growth for has been lowered to 900,000 million b/d in 2014 and 1.2 million b/d for 2015. The pronounced slowdown in demand...
  • McDonald's Is Quietly Copying Chipotle's Strategy ("Customization")

    09/12/2014 12:06:29 PM PDT · by 2ndDivisionVet · 54 replies
    Trove ^ | September 6, 2014 | Ashley Lutz, Business Insider
    McDonald's just expanded a test for burgers that are 100% customizable. The brand hopes the strategy, which is currently in four restaurants in San Diego, California, could help attract a younger crowd and revive lagging sales. Many analysts believe that the customization will soon become widespread at McDonald's and allow it to better compete with fast-casual competitors like Chipotle. Chipotle is largely successful because the ingredients for its burritos, bowls, tacos, and salads are entirely selected by customers, who increasingly crave tailored options and high-quality ingredients. Dominique Zamora at Foodbeast tried out the process, which also has elements of fast-casual...