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Keyword: economy

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  • California voters rank jobs, employment as top presidential election issues

    05/28/2016 5:48:18 PM PDT · by Innovative · 12 replies
    KPCC ^ | May 26, 2016 | KPCC Staff
    It's been about eight years since the Great Recession, but California voters still rank jobs and the economy as the most important issue heading into the presidential primary election. That's one of the findings of a new Field Poll released Thursday, just 12 days before the June 7 runoff. Seven out of 10 likely voters across the political spectrum rated the economy as a top concern, according to results from the Field Poll conducted for the USC Schwarzenegger Institute for State and Global Policy.
  • Why The Economy Is Like The Subway

    05/28/2016 7:17:45 AM PDT · by Sean_Anthony
    Canada Free Press ^ | 05/28/16 | Bob Christie
    Hanging onto your wallet is not an option. The feds will find your back pocket. And then there are the other thugs who prey on passengers. Nobody will get home unscathed When you venture beneath the city streets, go through or leap over the turnstile (not recommended . . . a consequence may be a fine, or a broken leg), stroll down the platform to the favored spot where your preferred car will stop, three things can happen. Two are bad. You have a chance to get on the train and reach your destination safely . . . so far...
  • US Government Quietly Cuts Historical Capex Data By Billions Of Dollars

    05/27/2016 7:46:28 AM PDT · by Lorianne · 12 replies
    Zero Hedge ^ | 26 May 2016 | Tyler Durden
    ... the Department of Commerce decided to quietly revise all the core data going back all the way back to 2014. In doing so it stripped away about 4% from the nominal dollar amount in Durable Goods ex-transports, where the March print was slashed from $154.7 Billion to $148.3 Billion... ... and, worse, the government just confirmed what many had said for years, namely that capex spending had been far lower than reported all along when it revised the capital goods orders nondefense ex-aircraft series lower by a whopping 6%, taking down the March print from $66.9 billion to only...
  • 'The Great White Hope'

    05/27/2016 5:33:29 AM PDT · by Kaslin · 33 replies
    Townhall.com ^ | May 27, 2016 | Pat Buchanan
    "Something startling is happening to middle-aged white Americans. Unlike every other age group, unlike every other racial and ethnic group ... death rates in this group have been rising, not falling." The big new killers of middle-aged white folks? Alcoholic liver disease, overdoses of heroin and opioids, and suicides. So wrote Gina Kolata in The New York Times of a stunning study by the husband-wife team of Nobel laureate Angus Deaton and Anne Case. Deaton could cite but one parallel to this social disaster: "Only H.I.V./AIDS in contemporary times has done anything like this." Middle-aged whites are four times as...
  • They're Selling Us a Recovery That Never Was

    05/27/2016 5:07:05 AM PDT · by expat_panama · 31 replies
    Real Clear Markets ^ | May 27, 2016 | Jeffrey Snider
    The United States Constitution declares in Article I, Section 2 that "representation and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers." To accomplish this foundation for proportional government, Article 1 tasked federal authorities with "actual enumeration" within three years of the first meeting of Congress and then every ten years thereafter. The first Census was carried out in 1790 with Thomas Jefferson the nominal supervisor as Secretary of State. In fact, the first Census-takers were actually Federal Marshals deputized by each of the US Judicial Districts.That...
  • Trump Turns To Reagan-Era Economic Advisers To Bring American Economy Back To Life

    05/26/2016 2:31:06 PM PDT · by InvisibleChurch · 82 replies
    D c whispers ^ | 5-26-16
    For those who remember the record-breaking era of economic prosperity that was the Reagan years, you will be happy to learn that the Team Trump is at this very moment receiving advice from some of the most influential economic policy advisers who helped shape that Reagan-era success. Names like Laffer, Moore, and Kudlow were once synonymous with an America that saw itself push back from the deep doldrums of the Carter economic morass, and Team Trump, with the encouragement of Trump campaign supervisor Paul Manafort, is now working to bring a version of that 1980’s success to 2017 and beyond....
  • Orders for U.S. Capital Goods Unexpectedly Fall for Third Month

    05/26/2016 5:57:58 AM PDT · by BenLurkin · 12 replies
    finance.yahoo.com ^ | 05/26/2016
    Some companies are paring investment plans as they assess the demand outlook in wake of weaker first-quarter growth and earnings, raising doubts about how quickly manufacturing can pull out of its slump. Global economies are struggling to improve, the oil industry has retrenched and factory customers are also bringing inventories more in line with sales. “There’s fragile sentiment when it comes to business investment,” said Thomas Costerg, a senior U.S. economist at Standard Chartered Bank in New York, who projected a decline in orders for business equipment. “The global growth picture is still unsettled. Corporate profits have softened as well....
  • Hey, Bernie Sanders Supporters -- All Roads Lead to Venezuela

    05/26/2016 5:15:25 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | May 26, 2016 | Larry Elder
    When socialist Hugo Chavez became president of Venezuela after the 1998 election, he promised a path he described as "revolutionary," the same word Bernie Sanders uses for his "movement" to fight "income inequality." Useful American idiots like actors Sean Penn and Danny Glover, who got rich making movies for capitalist Hollywood, sang Chavez's praises. Penn described him as "one of the most important forces we have had on this planet." Glover praised Chavez as "a social champion of democracy, material development, and spiritual well-being." Chavez promised to help finance films for Glover. The Venezuelan National Assembly even reportedly gave Glover...
  • China Wants U.S. Clues On Fed Rate Hike Timing

    05/26/2016 4:26:47 AM PDT · by expat_panama · 12 replies
    Investors Business Daily ^ | 5/25/2016 | BLOOMBERG NEWS
    Chinese officials plan to ask their American counterparts in annual talks next month about the chance of a Federal Reserve interest-rate increase in June, according to people familiar with the matter. The Chinese delegation will try to deduce whether a June or a July rate rise is more likely, as the nation’s policy makers prepare for the potential impact on financial markets and the yuan, the people said, asking not to be named as the discussions were private. In China’s view, if the Fed does lift borrowing costs, a July move would be preferable, the people said. A People’s Bank...
  • Bull Market in False Prophets

    05/25/2016 6:31:49 AM PDT · by SkyPilot · 4 replies
    Rapture Ready ^ | 25 May 16 | Wilfred J. Hahn
    Usually, long experience and practice is something of great merit. Presumably, with age comes much knowledge and useful perspective. That is not necessarily so in today’s world of political economics and financial markets. Today, long experience is more likely to be a hindrance … a so-called mill stone around the ankle. One is not so free to accept farcical policies and quick-fix solutions. It appears that the economic “body of knowledge” accumulated in the standard text books over the last 50 to 150 years or so no longer has any application. No need apparently. New enlightenment is all that is...
  • The Obnoxious Fallacy of Mandated Prosperity

    05/25/2016 5:04:18 AM PDT · by expat_panama · 10 replies
    Obama's overtime end-run is the latest example of the fallacy of attempting to mandate prosperity. This labor rule mimics so many other administration initiatives that seek to unilaterally impose its will on circumstances not suiting their vision. However, the economy is a tough adversary. So the basic problem remains: Although government may redistribute wealth, government cannot create it. Last week, the Obama administration announced a rule doubling (from $23,660 to $47,476) the salary range within which employees must be paid time-and-a-half overtime. Like recent high-profile minimum wage hikes in several large cities and the "living wage" movement in general, Obama's...
  • For young Americans, living with their parents is now the norm

    05/24/2016 7:46:47 PM PDT · by detective · 31 replies
    CBS MONEYWATCH copied on Truth Revolt blog ^ | May 24, 2016 | By AIMEE PICCHI
    In Obama's America, a third of all young adults between the ages of 18 and 34 are broke, single, and living with their parents. The Pew Research Center released its new study showing that Millennials are tipping the scales for the first time in modern history. From CBS Money Watch: About 32.1 percent of Americans between 18 to 34 years old lived in their parents' homes in 2014, edging out the 31.6 percent who were married or living with a partner in their own household, the analysis of Census data found. The remaining 36 percent either live alone, are single...
  • Going Back to Move Forward

    05/24/2016 5:20:13 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | May 24, 2016 | Susan Stamper Brown
    Ah, the "good old days," the ones that President Obama took a sarcastic swipe at during his recent commencement speech at Rutgers University when he said that America's "good old days weren't that great." Certainly he misread his teleprompter. Sure, we've experienced enormous advances in things like technology and medicine, but the "good old days" aren't so bad, especially compared to what's happening today. During the speech Obama said, "...by almost every measure, America is better and the world is better than it was 50 years ago, or 30 years ago, or even eight years ago." Apparently, Hillary Clinton missed...
  • After 8 Years Of Radical Moves, The Fed’s Still In A Box

    05/24/2016 4:54:13 AM PDT · by expat_panama · 23 replies
    Investors Business Daily ^ | 5/20/2016 | TERRY JONES
    When the economy stumbles, can the Fed still catch its fall? A growing number of economists, market analysts and investors worry that the answer is no. The Federal Reserve’s radical approach to monetary policy since the financial crisis, they believe, has confounded its ability to do anything about a potential downturn — or an unexpected shock to the economy. Worse, others argue that by staying with a zero interest rate for so long, the Fed has put itself into a box... ...the dilemma. The post-financial crisis economic recovery still looks shaky. The Atlanta Fed’s widely followed GDPNow number, a timely...
  • Hillary’s defining moment

    05/23/2016 8:52:22 AM PDT · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 05/23/16 | Herman Cain
    It's hard to pick one, but we think we've got it Now that Hillary Clinton has declared herself the winner of the Democrat nomination for president before it is officially over, let’s recap some of her most defining moments of what she would do as president (I pray not!) . . . in her own words: Dan and Rob have pointed out numerous times how she has no significant qualifications or accomplishments to be president. She lied about Benghazi. She denies that there is some “there there” in the email scandal, and a list of other denials and deceptive statements.
  • Treasury Must Not Forget That With Lending, Ignorance Isn't Bliss

    05/23/2016 4:32:18 AM PDT · by expat_panama · 4 replies
    Real Clear Markets ^ | May 23, 2016 | Brian Knight
    The use of technology to better assess a potential borrower's risk profile and score borrowers who previously could not be scored-or were scored inaccurately-is one of the most exciting elements of marketplace lending. That is, of course, unless you are the U.S. Treasury Department, which according to its recently released report on marketplace lending worries that technology will make loan underwriting too good. That isn't a typo; the Treasury is worried that better underwriting may be "unfair" because it can disadvantage borrowers who are currently mischaracterized as low risk by making them pay higher (that is to say, correct) rates....
  • This time in the euro debt crisis, the IMF will come bearing gifts for the Greeks

    05/22/2016 8:36:52 AM PDT · by Lorianne · 9 replies
    Guardian UK ^ | 22 May 2016
    Greece’s predicament is simple. It has debt repayments to make this summer and it doesn’t have the money to pay the bills. The European Union can solve this acute cashflow problem by unlocking the funds pledged to Greece under the terms of last summer’s bailout agreement, but it will only do so if Athens demonstrates that it is serious about sorting out its budget. Austerity today will lead to generosity from EU finance ministers when they meet on Tuesday. Here’s where things get interesting. The difference between this Sunday and all the other tension-packed Sundays that have studded the Greek...
  • Janet Yellen Doesn’t Hold Sway On Fed, Throwing Investors A Curve

    05/22/2016 8:36:15 AM PDT · by expat_panama · 4 replies
    Investors Business Daily ^ | 5/19/2016 | JED GRAHAM
    There are two possible explanations for why markets so badly misjudged how close the Federal Reserve is to resuming interest-rate hikes. One possibility is that investors misread Fed Chair Janet Yellen’s speech on March 29 asserting that “caution is especially warranted” when it comes to raising rates with global risks so high and policymakers so low on conventional ammunition to counteract a downturn. Yet it seems much more likely that markets received the surprisingly dovish message as it was intended and responded just as Yellen hoped, easing global stresses that had grown as the dollar’s rise exacerbated pressure on China...
  • Credit-Card Debt Approaching Pre-Collapse High — Thanks To Subprime Lending

    05/21/2016 11:10:01 AM PDT · by MarvinStinson · 31 replies
    HotAir ^ | May 20, 2016 | Ed Morrissey
    Today’s Wall Street Journal report on record levels of credit-card and auto-loan debt sound like a stroll down Memory Lane: U.S. credit-card balances are on track to hit $1 trillion this year, as banks aggressively push their plastic and consumers grow more comfortable carrying debt. That sum would come close to the all-time peak of $1.02 trillion set in July 2008, just before the financial crisis intensified, and could signal an easing of frugal habits ingrained by the recession. The boom has been driven by steady economic conditions and an improving job market that have made creditworthy consumers less reluctant...
  • What Does Maduro’s New State of Emergency Mean for Venezuela?

    05/20/2016 4:53:47 PM PDT · by fella · 11 replies
    Panam Post ^ | 17 May 2016 | Orlando Avendano
    Venezuelan President Grants Himself New List of Powers in Response to "Threats" Last Friday, May 13, the President of Venezuela Nicolás Maduro signed a new decree establishing an economic emergency that extended the original decree made in January 2016, but which included something called a “state of exception” this time around. The state of exception is intended to allow the government to take “exceptional” measures to control the country’s crisis, as well as to protect the Venezuelan people from whatever the government may consider a threat. But it’s still not clear what Maduro is going to do with such tremendous...
  • No, Bill Clinton Does Not ‘Know How’ To Fix The Economy

    05/20/2016 7:49:48 AM PDT · by Behind Liberal Lines · 27 replies
    FiveThirtyEight ^ | MAY 20, 2016 AT 7:00 AM | By Ben Casselman
    Whatever Bill Clinton’s exact role in a Hillary Clinton administration would be, it’s no surprise that she is looking to tie herself to his economic legacy. Bill Clinton’s second term was the last time the U.S. economy was unequivocally strong; for most voters this November, it was the best economy they’ve ever known. But while Hillary Clinton wants voters to look back fondly on the first Clinton presidency, she should hope they don’t remember too much about what happened next.... the Clinton boom, and even some specific Clinton policies, also helped sow the seeds for the far more severe Great...
  • UAW Leader Suggests Union Will Back Clinton for U.S. President

    05/20/2016 6:10:44 AM PDT · by ManHunter · 29 replies
    Newsmax ^ | 20 May 2016 | UI
    United Auto Workers President Dennis Williams said his union won’t endorse Donald Trump for U.S. president, all but assuring support for Hillary Clinton as she closes in on the Democratic nomination. Williams said the UAW will wait until the conclusion of the Democratic primary before endorsing a candidate. Clinton has 2,293 delegates to 1,533 for rival Bernie Sanders, according to data compiled by the Associated Press. Clinton needs only 90 of the remaining 939 unallocated delegates to lock up the nomination, according to the AP’s data.
  • Will Gov’t Regulation Kill The Housing Market — Again?

    05/20/2016 4:55:40 AM PDT · by expat_panama · 10 replies
    Investors Business Daily ^ | 5/19/2016 | Editorial
    Housing: Seemingly everyone applauds the recent surge in home prices as a positive sign for the economy. But, in fact, it isn’t. If anything, it’s a sign the federal government still hasn’t learned its lesson about excessive regulation. While prices for homes have surged in recent years, they’ve done so thanks mainly to federal regulations put in place after the financial crisis. Low interest rates engineered by the Fed to stimulate the economy have fueled a surge in demand, driving prices up sharply. And federal regulations continue to require mortgage lenders to make risky home loans based on race and...
  • Trump rips Hillary Clinton for suggesting Bill will be in charge of 'revitalizing' the economy

    05/19/2016 6:59:41 PM PDT · by central_va · 25 replies
    Yahoo finance ^ | May 17th 2016
    "How can Crooked Hillary put her husband in charge of the economy when he was responsible for NAFTA, the worst economic deal in U.S. history?" Trump wrote in a subsequent tweet.
  • Overtime Extension Bad for Workers

    05/19/2016 7:18:57 AM PDT · by Kaslin · 29 replies
    Townhall.com ^ | May 19, 2016 | Townhall.com Staff
    This piece was authored by Townhall intern Catherine Dunn. Coming this December, 4.2 million additional workers will be entitled to overtime benefits. The Obama Administration has pushed the change with great enthusiasm. The Department of Labor’s video, “OVERTIME: It’s About Time” is indicative of the administration’s tone regarding the issue: over cheerful music, Secretary Thomas Perez paints a picture of the new regulation saving millions of workers from exploitation, of the regulation as a wholly positive change that’s long overdue. But it’s not that simple. In a recent study commissioned by the National Retail Federation, the research firm Oxford Economics...
  • No More Twofers——Why The Vaunted “Clinton Prosperity” Of The 1990s Is A Risible Myth

    05/19/2016 6:59:56 AM PDT · by all the best · 14 replies
    Davis Stockman's Contra Corner ^ | May 18, 2016 | David Stockman
    That Hillary Clinton has—–unaccountably——stood by her man for 40 years is her particular foible. But now she wants 320 million Americans to stand by him, too, by electing her President so she can make Bill the nation’s economic czar: During a speech in Kentucky Sunday she referred to “my husband, who I will put in charge of revitalizing the economy ’cause he knows what he’s doing.” Actually, he doesn’t. Herein follows a two-part essay on why Bill and Hillary Clinton had precious little to do with the vaunted prosperity of the 1990s, and why another twofer would be exceedingly bad...
  • New Overtime Rule Causes Triple Damage to Economy

    05/19/2016 5:47:06 AM PDT · by expat_panama · 67 replies
    e21 ^ | May 18, 2016 | Diana Furchtgott-Roth
    Most bad policies harm the economy in one identifiable way. But the Labor Department’s new overtime rule, released on May 18, harms the economy and the American worker in three different ways. The new rule requires employers to pay white collar workers overtime if they earn less than $47,476 annually, instead of less than $23,660, the case at present. (Manual workers generally have to be paid overtime at all earnings levels.) The effect will be (1) to raise costs to employers, discouraging employment; (2) to prohibit flexible time for employees; and (3) to stunt American productivity and economic growth. Consider...
  • Contaminated Water Dominates Flint Headlines, But Pension Earthquake Looms

    05/19/2016 4:55:46 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 5/16/2016 | Tom Gantert
    Contaminated drinking water has dominated daily headlines in Flint, but a looming crisis of a different kind casts a pall over the city’s financial future: A $285 million unfunded pension liability is consuming ever more of the city’s budget. In 2015, Flint paid $20.4 million to cover retirement system costs. To put the burden of pension obligations into perspective, that amount is 42 percent of the city's general fund budget. The financial stress has been growing: In 2010 Flint paid just $13.4 million into this system. The general fund represents just one part of the city’s budget (the water and...
  • America's Going to Hell in a Hand Basket and Obama Says We've Never Had It So Good

    05/18/2016 10:13:13 AM PDT · by Kaslin · 33 replies
    Townhall.com ^ | May 18, 2016 | Donald Lambro
    This was the year when Republicans had everything going for them, politically-speaking, in the 2016 presidential election. On every level, economically, fiscally, socially, America is in a lot worse shape under Barack Obama's debt-ridden, inept presidency. And his party's frontrunner is offering us four more years of the same. Poverty is up. Violent crime is up. The middle class is shrinking. Businesses, especially factories and retail, are in trouble. The economy is barely growing. People are hurting. The Gallup Poll this week found that only 36 percent of U.S. adults say the economy is "getting better," while 60 percent say...
  • Obama spending millions to find summer jobs — for refugees

    05/18/2016 6:34:17 AM PDT · by Whenifhow · 14 replies
    theamericanmirror. ^ | May 17 2016 | VICTOR SKINNER
    The Obama administration wants to make sure Utica, New York’s young refugees aren’t without a job, so he’s spending millions to make sure it doesn’t happen. “Access to a job in the summer and beyond can make all the difference to a young person – especially those who don’t have access to many resources and opportunities,” President Obama said of his new Summer Opportunity Project. The project spends a total of $21 million on a variety of programs in 11 communities nationwide with the focus of helping young people find summer work, and permanent part-time jobs, the White House and...
  • How Do Economists Teach Rise of Trump & Sanders?

    05/18/2016 4:56:08 AM PDT · by expat_panama · 21 replies
    The Fiscal Times ^ | May 17, 2016 | Mark Thoma
    Nobel Prize winning economist Joseph Stiglitz recently highlighted two schools of thought on how income is distributed to different groups of people in the economy. Which school is correct has important implications for our understanding of the forces that have caused the rise in inequality, and for the policies needed to reverse this trend. It also relates to another controversy that has flamed up recently, how economics should be taught in principles of economics courses. The first school of thought is that inequality is a natural and equitable outcome of competitive market forces. According to this view, which is based...
  • Hiring Hurdle: Finding Workers Who Can Pass a Drug Test

    05/17/2016 8:17:47 PM PDT · by Theoria · 62 replies
    The New York Times ^ | 17 May 2016 | Jackie Calmes
    A few years back, the heavy-equipment manufacturer JCB held a job fair in the glass foyer of its sprawling headquarters near here, but when a throng of prospective employees learned the next step would be drug testing, an alarming thing happened: About half of them left. That story still circulates within the business community of this historic port city. But the problem has gotten worse. All over the country, employers say they see a disturbing downside of tighter labor markets as they try to rebuild from the worst recession since the Depression: They are struggling to find workers who can...
  • Hillary Clinton to support Federal Reserve change sought by liberals

    05/17/2016 6:09:38 AM PDT · by expat_panama · 35 replies
    Washington Post ^ | May 12, 2016 | Ylan Q. Mui
    Democratic presidential front-runner Hillary Clinton said she would support changes to the top ranks of the Federal Reserve, an issue recently championed by progressive groups amid debate over how long the central bank should keep supporting the American economy. The Fed is led by a seven-member board of governors based in Washington and a dozen regional bank presidents based across the country, from New York to Kansas City to San Francisco. The governors are nominated by the White House and approved by the Senate, but regional bank presidents are selected by their boards of directors, whose occupants are chosen by...
  • "Countless Wounded" After 5,000 Loot Supermarket Looking For Food [Venezuela]

    05/16/2016 2:17:07 PM PDT · by Lorianne · 36 replies
    Zero Hedge ^ | 15 May 2016 | Tyler Durden
    As pure desperation has set in, crime has becomes inevitable. A man accused of mugging people in the streets of Caracas was surrounded by a mob of onlookers, beaten and set on fire, who published a pixeled-out but still graphic video of the man burning as mob justice is now the supreme arbiter of who lives and who dies: "Roberto Fuentes Bernal, 42, was reportedly caught trying to mug passersby in the Venezuelan capital and before police arrived at the scene, the crowd took the law into their own hands." The video can be seen here. Now, in the latest...
  • Obamacare has been good for the economy

    05/16/2016 9:57:27 AM PDT · by lowbridge · 41 replies
    AOL ^ | May 15, 2016 | Bob bryan
    The largest increase in consumer spending since gas prices have dropped, according to Markowska, has been on healthcare. "In nominal terms, household spending on healthcare averaged 3.9% between 2010 and 2013," wrote Markowska in a note to clients Thursday. "It began to accelerate in the first half of 2014 and has averaged at 5.2% since then. Importantly, this pickup in healthcare spending was not driven by higher costs; real spending in this category accelerated from 1.9% in 2010-2013 to 3.9% thereafter." This would indicate that Americans have been not only been spending more because of increased costs, but also intentionally...
  • Obama: By Almost Every Measure, America and World Are Better Than 8 Years Ago

    05/16/2016 8:22:11 AM PDT · by Zakeet · 89 replies
    CNS News ^ | May 15, 2016
    Delivering the commencement address at Rutgers University in New Jersey today, President Barack Obama told the graduates that "the good old days weren't that good" and that both America and the world are better than they were "even eight years ago." "When you hear someone longing for the good old days, take it with a grain of salt, take it with a grain of salt," Obama said in his address. "In fact," he said, "by almost every measure, America is better and the world is better than it was 50 years ago or 30 years ago or even eight years...
  • Eco News Good, Markets Down [w/ DAILY INVESTOR THREAD]

    05/16/2016 4:25:18 AM PDT · by expat_panama · 9 replies
    Barchart ^ | May 16, 2016 | Nick Mastrandrea
    Good Morning Traders,As of this writing 4:05 AM EST, here’s what we see:US Dollar: Down at 94.535. The US Dollar is down 58 ticks and trading at 94.535.Energies: June Crude is up at 46.93.Financials: The June 30 year bond is down 7 ticks and trading at 166.16.Indices: The June S&P 500 emini ES contract is up 6 ticks and trading at 2045.00.Gold: The June gold contract is trading up at 1282.50.  Gold is 98 ticks higher than its close.Initial Conclusion This is not a correlated market.  The dollar is down- and crude is up+  which is normal and the 30...
  • 72 gravesites vandalized at Julia Page Cemetery

    05/15/2016 7:27:49 PM PDT · by SandRat · 17 replies
    DOUGLAS DISPATCH ^ | AALIYAH MONTOYA
    More than 70 gravesite headstones have been vandalized and stripped of their bronze/copper name plates at the Julia Page Cemetery, located at the 1300 block of Third Street. The incident is under investigation by the Douglas Police Department and is believed to have been occurring over the past few months, although it is just now being reported, according to DPD Sgt. Jose Duarte. As of Friday, investigators have only been able to identify fewer than 10 victims, including the loved one of Douglas resident Tom Felix.
  • The Conservative Case for Trump

    05/15/2016 1:02:31 PM PDT · by Sir Napsalot · 65 replies
    American Thinker ^ | 5-15-2016 | David Prentice
    As a longstanding Reagan conservative, my initial preference was Ted Cruz; yet I would have voted for any of the candidates over Hillary. I held my nose for McCain and Romney, and hope some at least hold their noses and vote for Trump. However, I’d rather you do more than that, I’d rather you consider actually voting FOR Donald Trump. The case for Trump is a good one. ..... I found I liked what he said, but not him. Then the earthquake happened: Hillary attacked him as a misogynist and a sexist. Oh no, he’s done for now. But no,...
  • Pew: Middle class really is eroding

    05/14/2016 1:07:34 PM PDT · by Kaslin · 30 replies
    Hot Air.com ^ | May 14, 2016 | ED MORRISEY
    The rich get richer, the poor get poorer … but what happens to the middle class? It depends, according to a new study this week from Pew. In some metropolitan areas, the middle class move into the richer category, while in others it declines into the poorer. However, Pew’s research makes it clear that the middle class is narrowing: The American middle class is losing ground in metropolitan areas across the country, affecting communities from Boston to Seattle and from Dallas to Milwaukee. From 2000 to 2014 the share of adults living in middle-income households fell in 203 of the...
  • Mark Levin Show,Ray Charles Fridays,M-F,6PM-9PM,EDT,WABC AM,May 13,2016

    05/13/2016 1:49:04 PM PDT · by Biggirl · 18 replies
    Mark Levin Show ^ | May 13,2016 | Mark Levin
    The Legacy Lives On! Mark’s Lost Dog & Cat Rescue Foundation “Conservatism is the antidote to tyranny precisely because its principles are the founding principles.” --Mark Levin in Liberty and Tyranny Welcome to “The Levin Lounge”… Step in and have a virtual FRink.Taking the country by storm, one radio station at a time – and kicking the BUTTS of the competition! Welcome all, to the most FUN LIVE THREAD on FreeRepublic.com! You can call Mark’s show: 1-877-381-3811
  • Pew Research Analysis Shows Middle Class Is Losing Ground

    05/14/2016 5:31:25 AM PDT · by detective · 4 replies
    The New American ^ | 12 May 2016
    A new study released on May 11 by the Pew Research Center indicates that middle-class Americans are losing ground as a share of the population, especially in metropolitan areas. Pew’s analysis was based on its study of U.S. government statistics found in the 2014 American Community Survey and the 2000 Decennial Census. During the period bracketed by those two surveys, the percentage of Americans whom Pew would classify as “middle class” fell in 203 of the 229 metropolitan areas in the United States. The decrease in the middle-class share measured six percentage points or more in 53 metropolitan areas, compared...
  • Manufacturing a Crisis

    05/14/2016 4:25:36 AM PDT · by expat_panama · 42 replies
    American Thinker ^ | May 14, 2016 | Steve Feinstein
    If there is one thing that Democrats and Republicans always seem to agree on, it’s this: Manufacturing jobs are the key to economic success in this country. We’ve got to “revitalize” the manufacturing sector if the economy is to generate strong job growth and economic expansion. That’s just such total hogwash, because it’s not true and it’s not reflective of reality. To begin with, it’s always been difficult to understand why “manufacturing jobs” are so sacrosanct in many peoples’ minds. What is it about sitting in front of an assembly line for hours on end, repeating the same task of...
  • Opinion:... ..., Hillary and Bernie are lying to us about those lost manufacturing jobs

    05/14/2016 4:11:12 AM PDT · by expat_panama · 56 replies
    Market Watch ^ | May 12, 2016 | Michael J. Hicks
    Most, if not all, of those manufacturing jobs are gone because of better technology, not Mexico As the primary season progresses,... ...candidates continue to peddle some version of a promise to “bring back jobs and manufacturing to America.” Voters clinging to this hope need to steel themselves for a letdown. Here’s why. No matter how you measure it, 2015 was a record year for manufacturing... ...Manufacturing employment peaked nationwide in 1977. Since then... ...makes twice as much “stuff” in an hour as he or she did in 1977... ...In the 1930s, more than half of American household consumption was in...
  • Dow, S&P post first 3-week losing streak since January

    05/13/2016 5:05:40 PM PDT · by John W · 3 replies
    cnbc.com ^ | May 13, 2016 | Evelyn Cheng
    U.S. stocks closed lower Friday, with the Dow Jones industrial average and S&P 500 closing below their 50-day moving averages and posting their first three-week losing streak since January. "I think the market's just gotten extended relative to earnings. This week just had those disappointing retail numbers out of the malls and that has led to a fairly broad sell-off. Most of them have done quite poorly," said Bernie Williams, chief investment officer, USAA Investment Solutions. Consumer discretionary was the fifth-worst decliner, falling more than 1 percent to erase year-to-date gains and joining tech, health care and financials as the...
  • Trump taps climate change skeptic, fracking advocate as key energy advisor

    05/13/2016 10:51:57 AM PDT · by maggief · 94 replies
    Reuters ^ | May 13, 2016 | VALERIE VOLCOVICI
    Republican presidential contender Donald Trump has asked one of America's most ardent drilling advocates and climate change skeptics to help him draft his energy policy. U.S. Republican Congressman Kevin Cramer of North Dakota - a major oil drilling state - is writing a white paper on energy policy for the New York billionaire, Cramer and sources familiar with the matter told Reuters. Cramer was also among a group of Trump advisers who recently met with lawmakers from western energy states, who hope Trump will open more federal land for drilling, a lawmaker who took part in the meeting said. Cramer...
  • Economy: Jobless Claims Unexpectedly Jump To 1-Year High

    05/13/2016 5:16:58 AM PDT · by expat_panama · 31 replies
    Investors Business Daily ^ | 5/12/2016 | FRANCES M. ROBERTS/Newscom
    Applications for unemployment benefits unexpectedly increased last week to the highest level since February 2015, a sign that progress in the U.S. job market is moderating. Initial jobless claims rose by 20,000 to 294,000 in the week ended May 7, a report from the Labor Department showed Thursday. The median forecast of economists surveyed by Bloomberg called for a decline to 270,000. The figures signal a more modest recovery lies ahead... ...The labor market is looking pretty healthy and that’s going to continue.” Claims Still Below 300,000 For 62 consecutive weeks claims have been below the 300,000 level... ...Continuing Claims...
  • Pew study sees a shrinking middle class in major US cities

    05/12/2016 4:43:34 AM PDT · by rightwingintelligentsia · 22 replies
    AP via Yahoo! Finance ^ | May 11, 2016 | Christopher s. Rugaber
    WASHINGTON (AP) -- In cities across America, the middle class is hollowing out. A widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle, according to a report released Wednesday by the Pew Research Center. In nearly one-quarter of metro areas, middle-class adults no longer make up a majority, the Pew analysis found. That's up from fewer than 10 percent of metro areas in 2000. Pew defines the middle class as households with incomes between two-thirds of median income and twice the median, adjusted for household size...
  • Factory Workers Are The New Burger Flippers, Study Shows

    05/12/2016 4:35:21 AM PDT · by expat_panama · 46 replies
    Investors Business Daily ^ | 5/10/2016 | JED GRAHAM
    One of the rallying cries of the Fight for $15 movement is that employers like McDonald’s (MCD) make billions in profits on the backs of taxpayers. In the view of the political left, companies shouldn’t be credited for employing large numbers of workers with modest skills, but rather vilified for paying so little that workers need to rely on food stamps, Medicaid and earned income tax credits. Now that same low-wage argument used against the fast-food industry and Wal-Mart (WMT) is being brought to bear against a surprising target: manufacturers. It seems that even as Donald Trump has vowed to...
  • Small Businesses Have Big Job Openings, But Can’t Fill Them

    05/12/2016 4:21:04 AM PDT · by expat_panama · 77 replies
    Investors Business Daily ^ | 5/10/2016 | ED CARSON
    Small-business owners were more upbeat in April, with job openings matching a cycle high, but finding qualified applicants remains a major problem, according to the National Federation of Independent Business on Tuesday. NFIB’s Small Business Optimism Index rose 1 point last month to 93.6. This ends a three-month slide to a two-year low in March. The gauge remains below historically normal levels. A net 11% of smaller firms plan to add staff, up from March’s 9%,... ...46% of small businesses said they had few or no qualified applications... ,,,24% of NFIB respondents said in April that they planned to increase...