Keyword: economy

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  • Current Oil Price Slump Far From Over

    06/30/2015 5:45:36 AM PDT · by expat_panama · 20 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 · 87 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 · 21 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 · 12 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 · 59 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...
  • Meet The Startup That Wants To Make Vertical Farming Mainstream

    06/22/2015 7:17:00 AM PDT · by 2ndDivisionVet · 25 replies
    Co.Exist ^ | April 7, 2015 | Adele Peters
    A vacant steel factory in Newark is turning into the world's largest-producing vertical farm. After it begins running later this year, the farm's indoor system of modular, stacked trays will grow around 2 million pounds of baby greens annually. The $30 million building will be the headquarters of AeroFarms, a company that has been developing vertical farm tech for the last decade. But the company sees the project as just the beginning—and hopes to build 25 farms in the next five years. AeroFarms already has eight smaller farms and five in the pipeline. "This isn't about one farm, this is...
  • Hopes for last-ditch Greek deal lift global stocks

    06/22/2015 5:28:18 AM PDT · by expat_panama · 17 replies
    Reuters ^ | Jun 22, 2015 | Jamie McGeever
    Juncker called the latest proposals from Greece a "good basis for progress", while EU Economic Commissioner Pierre Moscovici said he was "convinced" agreement will be reached. Spain's finance minister Luis de Guindos said a deal was not possible on Monday, however, meaning it may be the scheduled leaders summit on Thursday before any agreement is reached. Investors appeared willing to give the protagonists in the saga the benefit of the doubt. "The odds seem to shift in favor of a compromise," said Rainer Guntermann, rates strategist at Commerzbank. At mid-session in Europe, Germany's DAX .GDAXI and France's CAC 40 .FCHI...
  • American retail as we know it is dying — and now these industries are taking over

    06/21/2015 2:28:26 PM PDT · by SeekAndFind · 34 replies
    Business Insider ^ | 06/21/2015 | AShley Lutz
    Big apparel brands are grappling with shoppers who increasingly want deeply discounted clothes over classic logos and status. Gap is closing one-quarter of its stores and laying off hundreds of workers after disappointing sales. J. Crew just fired 10% of the workers at its corporate headquarters as sales and profits continue to plunge. The teen-apparel market is also struggling as a whole, with big-name players like Abercrombie & Fitch and Aeropostale closing stores. Sears, Macy's, and JCPenney have also shuttered hundreds of store locations in recent years. More than two dozen malls have shut down in the last four years...
  • Walker right: It’s cheaper to keep Bucks

    06/21/2015 5:01:15 AM PDT · by Cincinatus' Wife · 18 replies
    Leader-Telegram Eau Claire, WI ^ | June 18, 2015 | Don Huebscher, editor
    We politicize pretty much every issue these days, so it’s no surprise to see a proposed new arena for the Milwaukee Bucks pro basketball team similarly framed. One of the rallying cries of opponents is that Gov. Scott Walker and his Republican majority allies in the state Legislature have misplaced priorities. That is, they should find ways to put more public money into public schools and the UW System rather than commit tax dollars for a new playpen for the Bucks and their wealthy players and owners. The sentiment is understandable, but the issues are separate. The Bucks arena funding...
  • US manufacturing: What's it like to work in a factory?

    06/20/2015 8:59:29 PM PDT · by 2ndDivisionVet · 16 replies
    The British Broadcasting Corporation ^ | June 19, 2015 | Emily Young
    Over the past few weeks, the BBC has been reporting on the trends in US manufacturing - the challenges of the digital age, running factories in the city and why young start-up entrepreneurs are attracted to the industry. But what's it like to actually work in manufacturing, making the goods we use on a daily basis? And how has it changed - from Henry Ford's assembly lines to today's cutting edge factory floor? As of May 2015, there were over 12.3 million people - nearly 9% of the total US workforce - engaged in manufacturing everything from Ford Mustangs to...
  • Straw poll: Walker wins handily

    06/20/2015 2:17:40 PM PDT · by Cincinatus' Wife · 74 replies
    Washington Examiner ^ | June 20, 2015 | Barbara Boland
    Wisconsin Gov. Scott Walker, R-Wis., won 25.3 percent of the Northeast Republican Leadership Conference straw poll, which was emailed to those who attended this year's conference in Philadelphia. New Jersey Gov. Chris Christie came in second place with 11.6 percent of the vote, followed by Florida Sen. Marco Rubio at 11 percent. Former Pennsylvania Sen. Rick Santorum and former Florida Gov. Jeb Bush tied at 9.6 percent. These results show a strong preference for regional candidates as well as governors, and differ greatly from the latest RealClearPolitics totals. Candidates Walker, Christie and former New York Gov. George Pataki were all...
  • The Filipino First Policy caused the Philippines to Fail

    06/20/2015 1:29:10 PM PDT · by 2ndDivisionVet · 27 replies
    CoRRECT Movement ^ | June 20, 2015
    Are you proud that this is what the Philippines looks like to the rest of the World? If you are one of those Filipinos who thinks that the “Filipino First Policy” of actively discouraging Foreign Direct Investors and multinational companies from coming into the Philippines by requiring them to partner with local Filipino investors who will own at least 60% of the company set up in the Philippines is a step in the right direction, think again. Local Filipino investors are not numerous enough to create as many businesses that would create the huge number of jobs necessary to absorb...
  • Obama: I spend most of my time on the economy

    06/20/2015 7:44:08 AM PDT · by PROCON · 69 replies
    investors.com ^ | June 20, 2015 | ANDREW MALCOLM
    President Obama's weekly remarks Hi, everybody. As President, I spend most of my time focused on what we can do to grow the economy and grow new pathways of opportunity for Americans like you to get ahead. And we’ve made progress. More than 12 million new private sector jobs in the past five years. More than 16 million Americans who’ve gained health insurance. More jobs creating more clean energy. More kids graduating from high school and college than ever before.
  • Devil in a Deep Blue Pantsuit [will do "Whatever it takes!"]

    06/19/2015 11:27:02 PM PDT · by Cincinatus' Wife · 26 replies
    The American Thinker ^ | June 20, 2015 | Doris O'Brien
    Hillary Clinton’s run for the presidency is driven by a lust for power, a sense of entitlement, and enough conceit to fancy herself the best one for the job. But none of these insures her success. To drive Hillary’s engine of ambition back to 1600 Pennsylvania Avenue will require both high maintenance and high-octane fuel.To date, the Clinton campaign has been sputtering, even as her handlers insist it’s right on track....Clinton showed up on Roosevelt Island, in the middle of New York City’s East River, wearing a signature blue pantsuit. She clapped, waved, grinned, and pointed in supposed recognition to...
  • A Little Touch of Trump

    06/19/2015 8:11:54 PM PDT · by 2ndDivisionVet · 33 replies
    The Weekly Standard ^ | The June 29, 2015 Issue | William Kristol, editor
    We are not allowed, needless to say, to disclose our top secret list ranking the GOP presidential candidates from top to bottom. ItÂ’s kept in encrypted form on a password-protected, self-destructing hard drive in a safe room at The Weekly Standard, accessible only to a trusted few who are cleared to know all the machinations we are planning to engage in to secure a 2016 Republican nominee to our liking. But we can reveal this: Donald Trump competes for last place on our list with Rand Paul. We donÂ’t think either man should be the next president of the United...
  • Lyons: Democrats Underestimate Scott Walker at their Own Peril

    06/19/2015 1:28:40 AM PDT · by Cincinatus' Wife · 17 replies
    Twin Falls Times Idaho ^ | June 18, 2015 | Gene Lyons
    Economically speaking, all 237 GOP presidential candidates are selling the same Magic Beans. Everybody knows the script. Tax cuts for wealthy “job creators” bring widespread prosperity. Top off Scrooge McDuck’s bullion pool, and the benefits flow outward to everybody else. The economy surges, budget deficits melt away, and the song of the turtledove will be heard in the land. Almost needless to say, these “supply side” miracles have never actually happened in the visible world. State budget debacles in Kansas and Louisiana only signify the latest failures of right-wing dogma. Hardly anybody peddling Magic Beans actually believes in them anymore....
  • Walker Continues Lead in Iowa Caucus Poll, Rand Paul Slides

    06/19/2015 12:10:35 AM PDT · by Cincinatus' Wife · 28 replies
    Free Beacon ^ | June 18, 2015 | Alana Goodman
    Scott Walker continues to lead the field of Republican presidential candidates in Iowa, according to a poll of likely Republican Iowa caucus participants released on Thursday. The poll, commissioned by the Iowa Renewable Fuels Association, also found a 5-point drop in support for Sen. Rand Paul compared to a similar survey by the Des Moines Register late last month. Walker received 19 percent in the poll, followed by Ben Carson at 13 percent and Jeb Bush at 11 percent. Marco Rubio received 9 percent, followed by Rick Perry at 7 percent, Ted Cruz at 6 percent and Rand Paul at...
  • 7 Years After Crisis, Americans Still Spooked Over Stocks

    06/18/2015 5:18:31 AM PDT · by expat_panama · 15 replies
    Investors Center ^ | Jun 17th 2015 | Rich Smith
    U.S. flags fly over the New York Stock Exchange early Tuesday morning Jan. 22, 2008. Seven years after the financial crisis (and six years after Warren Buffett declared it to be over), Americans are still leery of getting back into stocks. That's the upshot of a poll recently released by Gallup, which confirmed that while no longer quite as negative on stocks as they were a couple of years ago, American investors still haven't returned to the levels of stock ownership seen before the crisis -- or even in its immediate aftermath. Once Burned, Still Shy In the run-up...
  • Wisconsin Governor Walker leads among Republican conservatives

    06/18/2015 5:17:51 AM PDT · by Cincinatus' Wife · 34 replies
    Reuters ^ | June 18, 2015 | Andy Sullivan
    Wisconsin Governor Scott Walker is the clear favorite of conservative voters as he readies an expected bid for the Republican Party's presidential nomination in 2016, according to a Reuters/Ipsos poll. Walker has gained little traction among the moderate voters who account for the majority of the party, the poll shows. But his strength on the right gives him a good base of support, analysts said. "It's never bad to be the most conservative guy in a Republican primary fight - he could win the nomination that way. The question is can he do so in a way that does not...
  • The Did-Something Candidate [Scott Walker]

    06/17/2015 6:10:41 AM PDT · by Cincinatus' Wife · 20 replies
    Reason ^ | June 17, 2015 | Peter Suderman
    Scott Walker stands out in the 2016 field for running on his record. How does it stack up? On April 13, when Sen. Marco Rubio (R–Fla.) officially announced that he was running for president, the first-term senator didn't mention a single successful policy that he had championed while in office. A day earlier, when Hillary Clinton launched her long-awaited White House bid, her campaign website didn't even have an issues page. And then there was Scott Walker. The Wisconsin governor, best known for his hard-fought, victorious showdowns against public sector unions, stands out in the field as the upper-tier potential...
  • When Should Countries Pay Down Their Deficits?

    06/17/2015 5:20:57 AM PDT · by expat_panama · 16 replies
    Real Clear Markets ^ | June 17, 2015 | William Gale & Diane Lim
    A recent study by three researchers at the IMF addresses an important question: Under what circumstances should a country pay down its public debt? When countries face fiscal crises, they have no choice but to cut debt. When they need a Keynesian stimulus, they end up raising debt. But what about a country that is not at risk of a fiscal crisis and is near full employment - a country that is in what the researchers call "the green zone?" Should it pay down its debt (reduce its deficit) or pursue other objectives like public investment?The IMF researchers write down...
  • Goodnight, California

    06/17/2015 4:24:15 AM PDT · by 2ndDivisionVet · 27 replies
    PJ Media ^ | June 16, 2015 | Victor Davis Hanson
    <p>I offer another chronicle, a 14-hour tour of the skeleton I once knew as California.</p> <p>An acquaintance had also emailed and reminded me that not far away there was a mound of used drip hose on the roadside. That mess proved to be quite large, maybe 1,000 feet of corroded and ripped up plastic hose. I suppose no scavenger thinks it can be recycled. I promise to haul it away this week. One must be prompt: even a small pile attracts dumpers like honey to bees. They are an ingenious and industrious lot (sort of like the cunning and work ethic of those who planted IEDs during the Iraq War). My cousin’s pile across the road has grown to Mt. Rushmore proportions. Do freelance dumpers make good money promising to take away their neighborhood’s mattresses and trash without paying the $20 or so county dumping fee? And does their success depend on fools like me, who are expected to keep roadsides tidy by cleaning up past trash to make room for future refuse?</p>
  • Walker leads nationally in new poll

    06/16/2015 2:49:09 PM PDT · by Cincinatus' Wife · 22 replies
    The Hill ^ | June 16, 2015 | Jonathan Easley
    Wisconsin Gov. Scott Walker leads a tight field of candidates for the Republican presidential nomination, according to a new survey from Public Policy Polling. Walker is alone in first place in the poll with 17 percent, followed by former Florida Gov. Jeb Bush at 15 percent, Sen. Marco Rubio (Fla.) at 13 percent, retired neurosurgeon Ben Carson at 12 percent and former Arkansas Gov. Mike Huckabee at 11 percent. That’s a big jump for Bush, who was at 11 percent support in the same poll last month. However, Bush will begin his quest for the GOP nomination with a negative...
  • Group says Scott Walker bans employees from talking about climate change [Rated: FALSE]

    06/16/2015 9:32:47 AM PDT · by Cincinatus' Wife · 5 replies
    PolitiFact Wisconsin ^ | June 16, 2015 | Sarah Hauer
    If a website from a progressive group is to be believed, state workers in Wisconsin cannot even say the words "climate change." So the scottaway.com website, developed by an operation called Forecast the Facts, allows readers to click a red button on the screen and get alternative words to use, like "weather roulette" and "extended Popsicle season." One tongue-in-cheek offering: "In the U.S., FREE OUTDOOR HEATING is predicted to cause more heat waves, flooding, wildfires, sea level rise and drought." Forecast the Facts, a project of the progressive Citizen Engagement Laboratory, says it developed the website in response to government...
  • Millionaires control 41% of world's wealth, expected to take more

    06/16/2015 8:36:13 AM PDT · by 2ndDivisionVet · 56 replies
    CNBC's Inside Wealth ^ | June 15, 2015 | Robert Frank
    (VIDEO-AT-LINK) Millionaires are expected to control nearly half of the world's personal wealth by 2019, according to a new study, suggesting that the wealth gap will continue to widen. The Global Wealth report from Boston Consulting Group (BCG) said the number of millionaires in the world grew to 17 million in 2014, up from 15 million in 2013. The world's millionaires now control 41 percent of the $164 trillion in global private wealth, up from 40 percent in 2013. The report said millionaires are expected to control 46 percent of the world's wealth in 2019. The growing fortunes of the...
  • Has Fed Money Creation Fueled Artificial Stock Gains?

    06/16/2015 6:25:52 AM PDT · by expat_panama · 30 replies
    Investor Alert ^ | JUNE 28, 2013 | Richard M. Salsman
    ...profit-seeking marketmakers are much too smart to be so easily fooled by the Fed’s monetary machinations; they can look through (and past) the Fed’s artificial policies and unearth the real state of things. The opposite view, from “behavioral finance,” holds that policymakers are omniscient and omnipotent preventers and fixers of “market failure”.In our judgment, U.S. nominal bond yields have declined in recent years not due to Fed money printing but due to three main factors: 1) steady disinflation,2 2) a persistent decline in market expectations of the long-term real return on capital,3 and 3) the Fed’s seemingly interminable zero interest-rate...
  • Private investors pony up for clean energy

    06/16/2015 4:02:08 AM PDT · by Cincinatus' Wife · 13 replies
    The Hill ^ | June 16, 2015 | Devin Henry
    A collection of investment firms, foundations, universities and other private institutions have pledged $4 billion to invest in new clean energy technology, the White House announced on Monday. The funding comes in response to an Obama administration call for more private sector research into low-carbon energy technology. The government will also launch a new Department of Energy program to provide technical assistance for investors. Obama administration officials launched their “Clean Energy Investment Initiative” in February, hoping to secure $2 billion from the private sector to fund new energy research. The White House doubled that goal, receiving major pledges from the...
  • Robert Reich: Americans have had it with free trade

    06/16/2015 2:17:57 AM PDT · by Cincinatus' Wife · 64 replies
    Salon ^ | June 16, 2015 | Robert Reich
    How can it be that the largest pending trade deal in history – a deal backed both by a Democratic president and Republican leaders in Congress – is nearly dead? The Trans Pacific Partnership may yet squeak through Congress but its near-death experience offers an important lesson. It’s not that labor unions have regained political power (union membership continues to dwindle and large corporations have more clout in Washington than ever) or that the President is especially weak (no president can pull off a major deal like this if the public isn’t behind him). The biggest lesson is most Americans...
  • Obama Decree Gives Western Landowners the Bird

    06/16/2015 1:17:49 AM PDT · by Cincinatus' Wife · 36 replies
    The American Spectator ^ | June 15, 2015 | Bette Grande
    The Obama administration is establishing new to limits on public land uses in 10 Western states to protect the habitat of the ground dwelling greater sage grouse. The federal efforts are an attempt to prevent a continued decline in sage grouse numbers which could necessitate listing the sage grouse as threatened or endangered. The new limits are the federal government's biggest land-planning effort to date to conserve a single species. The proposal would affect energy development. Among other actions, the regulations would require oil and gas wells to be clustered in groups of a half-dozen or more to avoid scattering...
  • Walker presents a record of achievement as governor that's taking some big hits [wins] at home

    06/16/2015 12:53:40 AM PDT · by Cincinatus' Wife · 24 replies
    Newser ^ | June 16, 2015 | SCOTT BAUER
    [snip of long lead-in] "...But the panel did agree on $250 million in cuts to the 26 campuses, including the flagship in Madison. ..The committee also kept Walker's call to remove tenure protections from state law, a proposal that's garnering attention nationally from academics who fear weakening tenure protections will catch on elsewhere. Even with delays and squabbling, Walker is likely to walk away with some big wins: on lifting an enrollment cap on statewide private school vouchers, on new drug screening for public aid recipients and on lower property taxes. Those are all sure-fire crowd pleasers on the Republican...