Keyword: economy

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  • IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

    02/01/2013 11:38:38 AM PST · by SoFloFreeper · 32 replies
    CNS ^ | 1/31/13 | Matt Cover
    In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.
  • 169,000 Americans Drop Out of Labor Force in January As Unemployment Ticks Up

    02/01/2013 6:49:53 AM PST · by Perdogg · 8 replies
    CNS News.com ^ | February 1, 2013 | Matt Cover
    The number of Americans not in the labor force grew by 169,000 in January, according to the Bureau of Labor Statistics’ latest jobs report. BLS labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work. There were 89 million of them last month.
  • IT'S SHOWTIME: Markets Rallying On Gigantic Day For The Global Economy

    02/01/2013 4:35:02 AM PST · by blam · 4 replies
    TBI ^ | 2-1-2013 | Joe Weisenthal
    IT'S SHOWTIME: Markets Rallying On Gigantic Day For The Global Economy Joe WeisenthalFebuary 1, 2013, 3:03 AM Let's do this folks. US futures are rallying on what will be a huge day for the economy. European markets have opened higher, with the exception of Spain, which is getting slammed. We've got several big European PMIs coming up over the next hour or so. Then the focus will shift to the US where we've got US manufacturing data, US car sales data, and of course the monthly jobs report. While you were sleeping, China and Japan both rallied, with the latter...
  • Economy Shrinking, Debt Soaring, And Obama's Talking..."God, Guns and Gays?"

    02/01/2013 4:10:45 AM PST · by suspects · 17 replies
    Boston Herald ^ | February 1, 2013 | Michael Graham
    Our weak economy is stumbling yet again. America’s GDP actually shrank during the last three months of 2012, after three years of Obama’s “recovery.” Jobless claims jumped last week “unexpectedly.” And a new report says our national debt will soon be 200 percent of our entire national output — or twice as high as that of Greece. Since the inauguration, what have President Obama and the White House been talking about? Jobs, the economy and debt? Nope. It’s been gun control, same-sex marriage, women in combat and illegal immigration. I’m so old I remember when campaigning on divisive wedge issues...
  • RON PAUL WARNS AMERICANS OF COMING GLOBAL ECONOMIC COLLAPSE (ITEOTWAWKI/SHTF)

    01/31/2013 4:29:15 PM PST · by VRW Conspirator · 18 replies
    YouTube ^ | May 10, 2012 | Senator Ron Paul
    Video at the linkee: Ron Paul describes the upcoming bedlam and some things to possibly prevent it. It's The End Of The World As We Know It and I have gas!
  • NAACP President Says Black People Are Worse Under President Obama

    01/31/2013 10:14:50 AM PST · by nickcarraway · 42 replies
    Clutch Magazine ^ | JANUARY 30, 2013 | MYEISHA ESSEX
    NAACP President and CEO Benjamin Jealous is known for making headlines, and he’s at it again. In an interview with David Gregory on Meet The Press, Jealous said that African Americans are doing worse under President Obama than under President Bush. “When you look at joblessness in this country, the country’s back to pretty much where it was when this president started,” he said. “White people in this country are doing a bit better. Black people are doing far worse.” Now that election season is over, it’s clear that the honeymoon between the Obama administration and the NAACP is over....
  • Economy Shrinks…Obama & Pals Blame Republicans

    01/31/2013 10:11:44 AM PST · by Starman417 · 5 replies
    Flopping Aces ^ | 01-31-13 | Curt
    Another 'who woulda thunk it' moment: The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that...
  • US GDP Falls By 0.1% In Q4 2012, $312 Billion Debt added, GDP FALLS By $5 Billion

    01/30/2013 1:43:28 PM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 01/30/2013 | Anthony B. Sanders
    I have been observing over the past months that various indices have been nosing down. Now we have confirmation from the BEA that GDP fell by -0.1% in Q4 of 2012. Here is CNBC’s Rick Santelli’s take on the numbers. This is a big swing and a miss to expectations of +1.1% and a BIG drop from Q3′s print of +3.1%. At least Personal Consumption Expenditures (PCE) added 1.52% before the Fiscal Cliff surrender. Notes that PCE has been consistently lower after 2007 than before. This isn’t your father’s Oldsmobile … or recovery. On the other hand, defense spending fell...
  • Fed Keeps Stimulus In Place As Economy "Paused" (BARF)

    01/30/2013 11:48:42 AM PST · by Biggirl · 1 replies
    http://www.reuters.com/ ^ | January 30,2013 | Allster Bull And Pedro da Costa
    (Reuters) - The Federal Reserve on Wednesday left in place its monthly $85 billion bond-buying stimulus plan, saying economic growth had stalled but indicating the pullback was likely temporary.
  • Why There's No Real Inflation - Yet

    01/30/2013 11:35:47 AM PST · by blam · 46 replies
    TMO - Money Morning ^ | 1-30-2013 | Martin Hutchinson
    Why There's No Real Inflation - Yet Economics / InflationJan 30, 2013 - 01:16 PM GMT By: Money Morning Martin Hutchinson writes: According to Milton Friedman, "inflation is always and everywhere a monetary phenomenon." If that is true, then you have to wonder where the heck all of the inflation is. Every central bank in the Western world is holding interest rates down, and almost all of them are printing money like it's going out of style. Five years ago, nearly every economist in the world would have told you this would cause inflation to skyrocket, and the big deficits...
  • GDP Shows Surprise Drop for U.S. in Fourth Quarter (unexpected alert)

    01/30/2013 5:46:18 AM PST · by Perdogg · 111 replies
    The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.
  • Rush To Safety: Americans Buy Nearly Half a Billion Dollars Of Gold and Silver In January

    01/30/2013 11:06:54 AM PST · by blam · 23 replies
    SHTF Plan ^ | 1-30-2013 | Mac Slavo
    Rush To Safety: Americans Buy Nearly Half a Billion Dollars Of Gold and Silver In January Mac Slavo January 30th, 2013 While public officials may be ignoring the continued deterioration of our economy, job losses to the tune of hundreds of thousands of people weekly, and the unprecedented demand for government emergency support services like unemployment insurance and food assistance, Americans who sense uncertainty in the air are flocking to the safety of physical resources. Our first point of interest is a recent report from the Federal Reserve that indicates some $114 billion dollars in cash was withdrawn from the...
  • With An Economic Policy Like This One Only Democrats Would Think Collapse Is "Unexpected"

    01/30/2013 10:51:16 AM PST · by The Looking Spoon · 2 replies
    The Looking Spoon ^ | 1-30-13 | The Looking Spoon
    The economy "UNEXPECTEDLY" contracted .1% in the fourth quarter of 2012.Unexpectedly? Really? How was this unexpected?
  • Economy contracts in 4th quarter by 0.1%

    01/30/2013 8:06:42 AM PST · by SeekAndFind · 17 replies
    American Thinker ^ | 01/30/2013 | Rick Moran
    Apparently, the shrikage is largely the result of a big hit in defense spending. Other one time factors also played a role. From Associated Press: _____________________ The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter and the first contraction since the second quarter of 2009. Economists said the surprise decrease in the nation's gross domestic product wasn't as bad as it looked. The weakness was primarily the result of one-time factors. Government spending cuts and...
  • CONSERVATIVE COLUMNIST: Spending Cuts Are Pushing Us Towards A Recession

    01/30/2013 10:10:13 AM PST · by blam · 32 replies
    CONSERVATIVE COLUMNIST: Spending Cuts Are Pushing Us Towards A Recession Brett LoGiuratoJanuary 30, 2013 Washington Post conservative columnist Jennifer Rubin has joined the voice of many conservatives lamenting the surprising drop in GDP last quarter. In her post, Rubin argues that spending cuts and Obama's regulations are pushing us toward a recession. The big reason for the surprise drop in fourth-quarter GDP was because of a drop in government spending, particularly a stunning fall in defense and military spending. Rubin writes: "I don’t know why they say the drop is unexpected. We are preparing to decimate national security, at a...
  • Obama's Keynesian Economy Failure!!!

    01/30/2013 9:50:59 AM PST · by NOBO2012 · 8 replies
    Michelle Obama's Mirror ^ | 1-30-2013 | MOTUS
    News Alert: Economy Shrinks in the Fourth Quarter, 2012 – unexpectedly, of course. Big Guy, Te’oing the Recovery What? I thought we would be in the middle of a massive Keynesian recovery by now; that’s what swept Big Guy to reelection, right? I guess the the economy in retrograde is good news for Senator Mary “I am not going to keep cutting the discretionary budget, which by the way is not out of control, despite what you hear on Fox News”  Landrieu, however. Although it looks like we may have a bigger problem than Fox News, this latest economic report...
  • Economy Contracts for First Time in 3˝ Years on Defense-Spending Cuts

    01/30/2013 8:33:09 AM PST · by SkyPilot · 23 replies
    NewsMax ^ | 30 Jan 13 | None listed
    The U.S. economy unexpectedly shrank from October through December for the first time since 2009, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. The drop occurred despite stronger consumer spending and business investment. The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That was a sharp slowdown from the 3.1 percent growth rate in the July-September quarter. Economists said the drop in gross domestic product wasn't as bleak as it looked. The weakness was mainly the result of...
  • Why IT pros may soon pick India over Silicon Valley

    01/30/2013 7:55:42 AM PST · by James C. Bennett · 8 replies
    The Times of India ^ | Jan 30, 2013 | Sujit John & Shilpa Phadnis
    Suresh Sambandam of OrangeScape, Krishna Mehra of Capillary Technologies, Jaspreet Singh of Druva, Balaji Sreenivasan of Aurigo, Vivek Ravisankar of InterviewStreet - all have something in common, other than that they have been featured here for their accomplishments. They are all technology entrepreneurs who started their ventures in India over the past few years, built them to a significant level of success, and now they have all relocated to the US, or are in the process of relocating (themselves, not the companies). We have mentioned just five names. But there are more. And the one common reason for the move...
  • WHAT Growth? Naive Voters Re-Elected Obama While He/the Labor Dept/MSM Hid a Crashing Economy..

    01/30/2013 6:39:43 AM PST · by Reaganite Republican · 42 replies
    Reaganite Republican ^ | 30 January 2013 | Reaganite Republican
    US economy actually SHRUNK in the 4th Quarter... Remember back in the closing weeks of the 2012 campaign... when Jack Welch questioned Labor Dept jobs stats that seemed to be cooked to prop-up Dear Leader on the eve of the election? If you'll recall, he stated (and was pilloried by the Left for it) that 'The economy would have to be growing at a breakneck speed' to make such numbers possible... and just as Welch had suspected- it ain't. But it's even worse than any of us thought: now you know what politicized federal agencies, the MSM, and the Obama campaign...
  • How President Obama Lost His Shirt to John Boehner

    01/29/2013 8:52:31 PM PST · by TheRhinelander · 35 replies
    Forbes ^ | 1/29/2013 | Ralph Benko
    The House, under the leadership of Speaker John Boehner, has precipitated a postponement in the debt ceiling fight until May. This represents a strategic choice by Boehner to make the Sequester fight, not the debt ceiling fight, the next major engagement. Much of the mainstream media now is accusing Congress of “kicking the can down the road.” They are missing the strategic implications. In retrospect, at the Battle at Fiscal Cliff, Boehner took President Obama to the cleaners. He did it suavely, without histrionics. While Obama churlishly, and in a politically amateurish manner, publicly strutted about having forced the Republicans...