Keyword: economy

Brevity: Headers | « Text »
  • Listen & Learn: Mark Levin on the "Fiscal Cliff" (11/26/12)

    11/27/2012 11:26:15 AM PST · by EricTheRed_VocalMinority · 4 replies
    Vocal Minority via Mark Levin ^ | 11/27/12 | EricTheRed
    It's been a long time since I've done one of these but when I heard the Great One last night, I just had to spend some time getting this one out. Here's practically his whole first hour -- edited down to 30 min after cutting commercials, bumper music, long pauses, and any other extraneous content. It addresses the "fiscal cliff" and Mark attacks both Democrats for politicizing it and weak-kneed RINO Republicans for playing along. At risk of spoiling it for you: He thinks we should go over the fiscal cliff. Better that in the short term than the crisis...
  • More Democrats Willing to Go Over 'Fiscal Cliff'

    11/27/2012 8:10:26 AM PST · by bestintxas · 158 replies
    newsmax ^ | 11/27/12 | j feller
    A growing number of Democrats say they are willing to let the country go off the fiscal cliff if a deal cannot be reached by Jan. 1 that raises taxes on the top two percent of earners while protecting costly entitlement programs. Their theory in this game of chicken with Republicans is that it will be easier in January to lower taxes for 98 percent of the country while finding the best possible parts of the federal budget to cut — in line with long-held goals of the nation's liberal party. They also think they'll be in a better position...
  • Why Democrats Can't Grow An Economy... (pic)

    11/26/2012 10:12:56 AM PST · by The Looking Spoon · 8 replies
    The Looking Spoon ^ | 11-26-12 | The Looking Spoon
  • Stock Market Last Push Higher Before the Big Collapse?

    11/25/2012 2:50:26 PM PST · by blam · 17 replies
    TMO ^ | 11-25-2012 | Graham Summers
    Stock Market Last Push Higher Before the Big Collapse? Stock-Markets / Financial CrashNov 25, 2012 - 01:59 PM By: Graham Summers With most of Wall Street on vacation, those few traders manning their desks are taking advantage of the low volume to push the market sharply higher. This, combined with a large move up by the Euro has pulled the entire risk trade up forcing the US Dollar lower. This move was to be expected on some levels. Since 2002, there has been a rally from just before Thanksgiving until the second week of December. This year is shaping up...
  • KRUGMAN: This Is The Chart That Debunks What Everyone Says About The National Debt

    11/25/2012 2:35:18 PM PST · by blam · 46 replies
    TBI ^ | Joe Weisenthal
    KRUGMAN: This Is The Chart That Debunks What Everyone Says About The National Debt Joe WeisenthalNov. 25, 2012, 11:05 AMPaul Krugman posts a simple chart that makes a profound point. It compares the yield on UK debt vs. US debt. What should stand out for you, instantly, is that the two countries borrow at virtually identical rates, and have for years. What this should show to people is that much of the popular stories that people tell about sovereign debt is a myth. Countries that borrow in their own currencies and can "print" at will don't have default risk, so...
  • Retailers Blame Drop In Black Friday Sales On Black Thursday

    11/25/2012 11:18:15 AM PST · by Zakeet · 41 replies
    Zero Hedge ^ | November 25, 2012
    <p>With all bad news on the tape now having a suitable "explanation", be it a prior president, a tropical storm, the weather being too hot, the weather being too cold, the weather being just right, but never, ever someone actually taking blame for the fact that life is what happens when corporate CEOs (and sovereign presidents) are busy making "priced to perfection" plans. So it is with what is now a confirmed flop of a Black Friday, which according to ShopperTrak saw sales drop by nearly 2% to $11.2 from 2011, which in turn was a 6.6% gain over 2010 (and would be revised to far lower once all the refunds and exchanges to cash took place in the two weeks later). This occurred despite a 3.5% increase in retail foot traffic to 307.7 million store visits. The nominal drop in retail sales also occurred despite a nearly 1% increase in the total US population over last Thanksgiving, and a 2% Y/Y inflation. But fear not: the ad hoc excuse for this "surprising" loss in purchasing power is already handy: it is all Black Thursday's fault, or the latest idiotic attempt by retailers to cannibalize their own future sales by diluting the exclusivity of Black Friday, and which will force all retailers to follow the sovereigns in a race to the bottom, as soon every day will be the equivalent of Black Friday. But at least retailers have another 364 years worth of excuses for the conceivable future to excuse any and all store weakness. Next year: it's all Black Wednesday's fault.</p>
  • Multigenerational Homes: Real Estate's Next Big Thing as More Families Share a Space

    11/25/2012 10:04:18 AM PST · by 2ndDivisionVet · 53 replies
    AOL Real Estate ^ | November 16, 2012 | Krisanne Alcantara
    Being roommates with your parents after age 21 sounds like a nightmare for most, but Jessica Bruno wouldn't have it any other way. Bruno, a 40-year-old mom, wife and DIY blogger, lives with her 62-year-old parents, Connie and Fred, in their Sutton, Mass., home. Oh, and there's Bruno's husband, Tony, and their 6-year-old son, Tony Jr. Think that's a lot of people under one roof? There's more. Bruno's grandparents, Grace, 80, and Fred, 82, live in the house, too. That's seven people from four generations living together in one home. Actually, make that nine: Bruno's two stepdaughters, 12-year-old twins Alexia...
  • For Richer or Poorer

    11/24/2012 12:44:08 PM PST · by eagleye85 · 4 replies
    Eagleye Blog ^ | November 24, 2012 | Bethany Stotts
    As the lack of opportunity in America becomes less of an issue of race and more of perpetual class separation, liberal reporters and academics continue to propose the same recycled, progressive policies which have little hope of solving the marriage problem but will undoubtedly bloat federal and state governments. For example, in a New York Times article printed this summer, Jason DeParle cast the growing trend of lower-class single mothers as one of class conflict. “Estimates vary widely, but scholars have said that changes in marriage patterns — as opposed to changes in individual earnings — may account for as...
  • FABER: 44 Charts That Show Why The World Is Doomed

    11/24/2012 6:46:04 AM PST · by daniel1212 · 22 replies
    Business Insider, Inc. ^ | Nov. 23, 2012 | Sam Ro
    Marc Faber, publisher of the Gloom Boom & Doom Report, is well known for his ultra-bearish commentary. But he's not without reason. In a new presentation given in Hong Kong to the London Bullion Market Association, Faber offers a thick stack of 44 charts that makes him very bearish on the global economy (via ZeroHedge). They include overviews of the emerging and evolving trends on debt, trade, stocks and commodities. Faber points to the explosion of public and private debt and how they have been far outpacing GDP growth for the last 50 years. In this backdrop, the wealth gap...
  • Greed, Lack of Transparency Caused Financial Crisis, Says Greenberger

    11/23/2012 2:28:04 PM PST · by ex-Texan · 90 replies
    The Epoc Times ^ | 11/15/ 2012 | Gary Feuerberg
    Bad mortgage loans, obscured through complex and unregulated investment instruments, cost taxpayers billions WASHINGTON—The U.S. economy is slowly making a recovering from a near-collapse and the worst recession since the Great Depression. But what brought on the subprime mortgage crisis that led to huge financial losses, a decline in wealth for much of the country, a GDP drop of 5 percent for the period from Dec. 2007 to June 2009, and an official unemployment rate that peaked at 10.0 percent in Oct. 2009? “Very few people understand [what happened],” said University of Maryland Professor Michael Greenberger at the Center for...
  • Building Sustainable Skyscrapers from Laminated Veneer Lumber

    11/23/2012 1:13:18 PM PST · by 2ndDivisionVet · 42 replies
    Utne Reader / Conservation ^ | The November/December 2012 Issue | Sarah DeWeerdt
    Some architects believe that in order to build the sustainable cities of the future, we need to look back to the log cabin era and build “skyscrapers” out of wood. Just over a century ago, the architects and engineers who invented the skyscraper set us on the path to becoming an urban world. Tall buildings of concrete and steel helped make urban density—and the increased sustainability that comes with it—possible. But the buildings themselves come at a heavy, and often hidden, environmental price. Concrete and steel are some of the most energy-intensive materials on the planet. The manufacture and transport...
  • Underemployment exceptionally high for young adults

    11/21/2012 9:33:52 PM PST · by 2ndDivisionVet · 25 replies
    The New Hampshire ^ | November 20, 2012 | Rachel Follender
    UNH seniors began registering for their spring classes on Monday, creating what for most of these students will be the final schedule of their college careers. As Thanksgiving break plunges us into winter, the new year is only weeks away. And with graduation rearing around the corner, members of the class of 2013 are beginning to ask, “What now?” For Katie Sousa, a senior English major, life after graduation means returning to a part-time cashier position at Market Basket. “I’ve been there for five years and I plan to go back there until I find something better,” she said. According...
  • 10 people who led us to the ‘fiscal cliff’

    11/21/2012 10:50:23 AM PST · by Ernest_at_the_Beach · 57 replies
    Marketwatch ^ | Nov. 21, 2012, 12:55 p.m. EST | Rex Nutting
    Commentary: From Laffer to Obama, they fed our greed and guiltWASHINGTON (MarketWatch) — With our political leaders locked in a fiscal struggle that threatens to throw the economy off a so-called cliff and into recession, you might be wondering how we got to this place. Remember that this supposed fiscal cliff is the direct result of two contradictory impulses in American life: Greed and guilt. Greed for low taxes, a strong military, a strong safety net and lots of government spending for everyone. And guilt that we weren’t paying our way. Read “Stop calling it a ‘fiscal cliff’” All of...
  • Retail's Hidden Potential: How Raising Wages Would Benefit Workers <abridged>

    11/20/2012 9:52:05 PM PST · by mykroar · 29 replies
    Demos.org ^ | 11/19/2012 | Catherine Ruetschlin
    With more than 15 million workers in in the sector, and leverage over workplace standards across the supply chain, retail wields enormous influence on Americans’ standard of living and the nation’s economic outlook. It connects producers and consumers, workers and jobs, and local social and economic development to the larger US economy. And over the next decade, retail will be the second largest source of new jobs in the United States. Given the vital role retail plays in our economy, the question of whether employees in the sector are compensated at a level that promotes American prosperity is of national...
  • Now that the Election Is Over, the Washington Post Admits that the Obama Recovery Has Been Terrible

    11/20/2012 6:40:05 AM PST · by Kaslin · 25 replies
    Townhall.com ^ | November 20, 2012 | Daniel J. Mitchell
    I agree that Obama inherited a crappy economy, and I think it is silly to assert that he bears any responsibility for the severity of the 2007-2009 recession. But it is very fair to hold him responsible for what’s happened since the recession ended. I’ve cited data from the Minneapolis Federal Reserve on both employment and gross domestic product to show that Obama has presided over the weakest recovery in the post-World War II period.And I think it is fair to blame Obama for the economy’s anemic performance during that time, largely because his agenda of faux stimulus and Obamacare...
  • Merillat closing Smyth County (VA)cabinet plants

    11/20/2012 3:39:50 PM PST · by Perseverando · 11 replies
    WSLS TV 10 ^ | November 20, 2012 | Associated Press | WSLS-TV 10
    <p>ATKINS, Va. (AP) - Cabinet maker Merillat is laying off 280 employees at two manufacturing plants in southwest Virginia.</p> <p>Officials for parent company Masco Cabinetry confirmed on Tuesday that it plans to close two facilities that make doors and panels for cabinets in Atkins in mid-January.</p>
  • North Shore Mining to lay off about 125 employees (North Dakota, plus 500 in Michigan)

    11/20/2012 2:42:13 PM PST · by 2ndDivisionVet · 12 replies
    The Jamestown Sun ^ | November 20, 2012 | Peter Passi
    About 125 employees of North Shore Mining will be laid off Jan. 5 when the taconite operation idles two of its four pelletizing lines, according to an announcement issued Monday by the mine’s owner and operator, Cliffs Natural Resources. The pending layoffs will affect people working at North Shore’s mine in Babbitt in addition to those working at the production facility in Silver Bay, but the exact breakdown of how many jobs will be trimmed at each location has not yet been determined, according to Sandra Karnowski, Cliffs’ district manager of public affairs. North Shore Mining currently plans to operate...
  • Time for root canal therapy (For economy to survive, America must adopt short-term pain)

    11/20/2012 1:53:08 PM PST · by SeekAndFind · 16 replies
    Asia Times ^ | 11/20/2012 | Martin Hutchinson
    The next four years are likely to be unpleasant. There are already several crises heading towards us, and in the fiscal, monetary, regulatory and general economic areas the Barack Obama administration's policy is likely to be counterproductive. In these circumstances, there's only one sound course of action for the Republican congressional majority: they must abandon all their natural politicians' preference for avoiding short-term pain and adopt a root-canal approach, welcoming short-term economic pain for the sake of preserving the US economy intact for better times ahead. For the past four years, Obama's trillion-dollar deficits and Federal Reserve chairman Ben Bernanke's...
  • The Best Solution

    11/20/2012 6:03:31 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | November 20, 2012 | Tim Phillips
    During last Wednesday’s news conference, President Obama offered his plan for dealing with the looming fiscal cliff and expiring tax cuts. While the President claims he desires to work with Congress to reduce the deficit in a balanced and responsible way, he was clear that he intends to hold the middle class hostage in order to achieve his goal of increasing taxes on more successful Americans. How is the President doing this? By announcing that Congress must either bow to his agenda or send all Americans a higher tax bill. While Obama was busily pushing his ultimatum, he seems...
  • Measure N: Voters Approve $13 Wage And Benefits For Long Beach Hotel Workers

    11/19/2012 10:07:51 PM PST · by 2ndDivisionVet · 26 replies
    The Long Beach Business Journal ^ | November 20, 2012 | Joshua H. Silavent
    Long Beach voters took to the polls on Election Day and overwhelmingly cast their support for a living wage (or minimum wage, depending on choice of terminology) of $13 per hour for workers in the city’s largest hotels. The earliest the law would likely take effect is December 21. “In terms of what message voters sent . . . it affirms that the City of Long Beach was ready to really look at how quality of life issues matter, regardless of what level of employment or which sector you work in,” Councilmember Suja Lowenthal told the Business Journal. As of...