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Keyword: economy

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  • California stinks, say CEOs. Hey, what do they know?

    05/09/2012 11:30:03 AM PDT · by Mark Landsbaum · 23 replies
    For the eighth year in a row California is ranked at the absolute bottom of 50 states for business, according to Chief Executive magazine. What do they know? The esteemed Gov. Jerry Brown says California’s just swell for business. Well, OK, Jerry isn’t and hasn’t been a CEO and this is an annual poll of chief executive officers who run actual businesses. He’s a politician and a “progressive.” Did we mention it’s been eight years in a row that California finished dead last? ...
  • If Obama can claim credit for killing bin Laden, why can’t he take credit for the economy today?

    05/09/2012 10:00:22 AM PDT · by Starman417 · 15 replies
    Flopping Aces ^ | 05-09-12 | Vince
    As President Obama and his administration are constantly telling us, the horrible economy is not his fault because he inherited the “Worst recession since the Great Depression”. One can certainly make that argument. You just can’t get it to stick. If you could however, what you’d basically be saying is that that 3 ˝ years after taking office the President of the United States is essentially helpless to impact the economy. “No, no, no!” his supporters would no doubt respond: “That’s not what we mean! The entire economy, nay the entire world’s economic system would have collapsed if President...
  • Unemployment Numbers Scam

    05/09/2012 4:48:22 AM PDT · by SJackson · 27 replies
    FrontPage Magazine ^ | May 8, 2012 | Arnold Ahlert
    - FrontPage Magazine - http://frontpagemag.com - Unemployment Numbers ScamPosted By Arnold Ahlert On May 8, 2012 @ 12:50 am In Daily Mailer,FrontPage | 17 Comments When the jobs data were released last week, it was revealed that only 115,000 new jobs were created, well below the 165,000 predicted by the media-anointed economic “experts,” and significantly below the 125,000 jobs-per-month pace required just to keep pace with the number of people entering the work force. Yet in an apparent paradox, the unemployment rate dropped from 8.2 percent to 8.1 percent. Presumptive Republican presidential candidate Mitt Romney explains half of it. “There is something about that 8.1 percent figure...
  • America Can Do Better

    05/09/2012 6:08:20 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | May 9, 2012 | Donald Lambro
    WASHINGTON - It should be clear by now that President Obama is running against the U.S. economy and as of last week the economy was beating him. A couple of weeks ago, as Mitt Romney was locking up the Republican presidential nomination, Obama's anemic polling numbers were hitting 50 percent, up from the mid-to-upper 40s and his prospects were looking up. Then in the past week, two bleak economic reports knocked him off his shaky pedestal and he was back in the 40s again and in a dead heat with Romney. The salient characteristic of Obama's presidency has been a...
  • Abbott and Costello on Unemployment

    05/09/2012 7:21:41 AM PDT · by Why So Serious · 5 replies
    email
    COSTELLO: I want to talk about the unemployment rate in America . ABBOTT: Good Subject. Terrible times. It’s 9%. COSTELLO: That many people are out of work? ABBOTT: No, that’s 16%. COSTELLO: You just said 9%. ABBOTT: 9% Unemployed. COSTELLO: Right 9% out of work. ABBOTT: No, that’s 16%. COSTELLO: Okay, so it’s 16% unemployed. ABBOTT: No, that’s 9%. COSTELLO: Wait a minute. Is it 9% or 16%? ABBOTT: 9% are unemployed. 16% are out of work. COSTELLO: IF you are out of work you are unemployed. ABBOTT: No, you can’t count the “Out of Work” as the unemployed. You...
  • Adding Insult To Injury, Goldman Cuts US Q1 GDP To 1.9%

    05/09/2012 8:04:18 AM PDT · by Perdogg · 1 replies
    Zero Hedge ^ | Tler Durdan
    Remember that very disappointing Q1 GDP print of 2.2%? Well, Goldman just dragged it even lower. Wholesale inventories increased by 0.3% (month-over-month), less than the consensus had forecast. The result was also below the rate of wholesale inventory growth assumed by the Commerce Department in its advance estimate of Q1 GDP. As a result, the report implies a possible downward revision to Q1 GDP. Based on available data, we now expect that Q1 GDP will be revised down to +1.9% (annualized) from +2.2% originally report (the wholesale inventory report accounts for one tenth of the expected downward revision). Tomorrow’s trade...
  • Obama's Stimulus: A Documented Failure

    05/09/2012 5:49:21 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | May 9, 2012 | Terry Jeffrey
    What does President Barack Obama know about the economy and what the government can and cannot do to create jobs? A fair measure is the economic stimulus plan Obama pushed through Congress in his first month in office. Did it work? On Jan. 9, 2009, less than two weeks before Obama's inauguration, Christina Romer, who would chair Obama's Council of Economic Advisers, and Jared Bernstein, an adviser to Vice President-elect Joe Biden, published the incoming administration's analysis of the "job impact" they expected from Obama's stimulus. At the time, according to the Bureau of Labor Statistics, the national seasonally adjusted...
  • MARKETS ARE CRATERING: SPAIN DOWN 3.7%, ITALY DOWN 2.1%, DOW FUTURES OFF 113

    05/09/2012 6:26:12 AM PDT · by blam · 27 replies
    TBI ^ | 5-9-2012 | Simone Fox
    MARKETS ARE CRATERING: SPAIN DOWN 3.7%, ITALY DOWN 2.1%, DOW FUTURES OFF 113 Simone Foxman May 9, 2012Scroll to bottom for updates. European shares are generally higher, but Spanish stocks are cratering, down 2.2 percent after yields on 10-year bonds rose past 6 percent for the first time since April 27. The spread between Spanish 10-year bonds and German bunds of the same maturity is at its highest since November 28 (via @LemaSabachthani). This follows a negative Asian session, where the Nikkei fell 1.5 percent and the Shanghai composite closed down almost 1.7 percent. U.S. futures are lower, point to...
  • The Great Worker Shortage Lie is Alive and Well

    05/08/2012 5:31:59 PM PDT · by anymouse · 4 replies
    The Economic Populist ^ | 12/17/2011 | Robert Oak
    Corporate offshore outsourcing lobbyists are on a roll, going on talk shows and writing propaganda plants as articles. White papers are falling like snow where even labor economics equations are manipulated. Every day we hear pure statistical fiction and politicians tout corporate lobbyist provided talking points, even in GOP debates. Why? Corporations are demanding more immigration and foreign guest worker Visas to displace Americans, repress wages, technology transfer and offshore outsource further. There is No Labor Shortage in the United States. None, and that includes high skilled labor. In 2010, there were 3,531,000 computer & mathematical related occupation workers. Yet...
  • Developed Nations At The Precipice Of Oblivion , As End Of The Debt Supercycle Draws Near

    05/08/2012 4:39:09 PM PDT · by blam · 13 replies
    TMO ^ | 5-8-2012 | TGR - John Mauldin
    Developed Nations At The Precipice Of Oblivion , As End Of The Debt Supercycle Draws Near Interest-Rates / Global Debt Crisis 2012 May 08, 2012 - 04:56 AM By: The Gold Report Are developed nations across the globe at the precipice of oblivion? Yep, says pundit John Mauldin. Fresh after the announcement of a new joint venture with Casey Research and the conclusion of his own Strategic Investment Conference in Carlsbad, Mauldin spoke to The Gold Report. He believes that investors have a small window to save their investments from the end of the debt supercycle, but they'll have to...
  • Why the Job Market Will Continue Shrinking

    05/08/2012 12:16:04 PM PDT · by SeekAndFind · 13 replies
    Zero Hedge ^ | 05/08/2012 | Charles Hugh Smith
    Via Charles Hugh-Smith of Of Two Minds blog,The paradox of an advanced post-industrial economy is that the number of jobs needed declines even as the cost of living rises.The fundamental dynamic of America's job market is simple: we need relatively few workers to provide the absolute essentials of life even as the cost-basis of the economy inexorably rises. In other words, there are fewer jobs even as the costs of maintaining a "middle class" life rise.Let's start by observing how all the financial data in the world does not necessarily describe the primary dynamics of an economy. There are...
  • Heritage Employment Report: Jobs Do Not Bloom in April

    05/08/2012 6:47:07 AM PDT · by 1rudeboy · 6 replies
    The Heritage Foundation ^ | May 4, 2012 | By Rea Hederman, Jr. and James Sherk
    The Bureau of Labor Statistics reported that the economy added 115,000 jobs in April and the unemployment rate declined to 8.1 percent from 8.2 percent. However, further declines in the percentage of Americans in the labor force explain this slightly lower unemployment rate. Indeed, the labor force participation rate dipped to a 30-year low as many unemployed workers simply left the labor force. The April report is further evidence that the job market has cooled from its more rapid growth in the first quarter. This slowdown will likely spur calls for more stimulus spending. However, government spending comes at the...
  • Maine Gov To Able-Bodied Unemployed: "Get Off The Couch And Get Yourself A Job"

    05/08/2012 7:32:15 AM PDT · by 2ndDivisionVet · 31 replies
    Real Clear Politics ^ | May 8, 2012
    (VIDEO AT LINK) "Maine’s welfare program is cannibalizing the rest of state government. To all you able-bodied people out there get off the couch and get yourself a job," Gov. Paul LePage (R-Maine) said at the state Republican convention this past weekend....
  • Economic Alert: If You’re Not Worried Yet…You Should Be

    05/08/2012 6:51:24 AM PDT · by Errant · 15 replies
    Alt-Market.Com ^ | Tuesday, 08 May 2012 | Brandon Smith
    For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system. Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P. I do not take the word “alert” lightly. Since 2008 we have seen a cycle of events that have severely weakened our country’s foundation, but each event has then been followed by a lull, sometimes 4 to 6 months at a...
  • Economy: Blue States Fare Worse Than Red States Under Obama

    05/08/2012 5:14:31 AM PDT · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 05/08/2012 | John Merline
    President Obama entered the national spotlight with a rousing 2004 Democratic convention speech that talked about how it was wrong "to slice-and-dice our country into red states and blue states." Last week he reiterated the point in a tweet to his followers, saying that "there are no red states or blue states, just the United States." But when it comes to the economic recovery, there has been a clear difference. It turns out, in fact, that blue states have done worse economically than have red states under Obama, according to an IBD analysis of various government economic data.
  • “America Has Become A Pińata…”

    05/07/2012 8:15:25 PM PDT · by blam · 2 replies
    The Daily Reckoning ^ | 5-7-2012 | Addison Wiggin
    “America Has Become A Pińata…” By Addison WigginMay 7, 2012 Baltimore, Maryland – “America’s national government has moved way beyond a political spoils system,” wrote Charles Goyette in his book The Dollar Meltdown. “A spoils system leaves the host alive so that a politician’s occasional ne’er-do-well brother-in-law can be put on the payroll.” In contrast, Goyette suggested, “America has become a pińata: Everybody gets a crack at it. Presidents and other elected officials pass the big stick around as a reward to those who help keep them in charge of the pińata party.” Goyette’s book came out in 2009. Since...
  • Dismal Beginning To Obama's Never-Ending Campaign

    05/07/2012 6:25:26 PM PDT · by raptor22 · 13 replies
    Politics: The Preezy of the United Steezy, as Barack Obama lets Jimmy Fallon refer to him, opens his re-election bid to a partially-filled stadium and a letter from his rival asking this year's key question: Where are the jobs? There were no faux Greek columns when the president with the composite girlfriend and taste for canine filets officially began his 57-state campaign Saturday at Ohio State University's 18,300-seat Schottenstein Center that was only partially filled with those wearing faded "hope and change" T-shirts hoping to get their student loans paid off. According to recent stats, only half of OSU graduates...
  • The Insanity of Being Human (LazVanity)

    05/07/2012 6:07:42 AM PDT · by Lazamataz · 231 replies
    May 7, 2012 | by Lazamataz
    Cats are genetically wired to behave in ways that humans see as insane. They often torment and play with their prey, for example, in a manner that we would call 'sadistic'. Sadism, to humans, is not a sane characteristic. Sometimes it seems that humans are also genetically wired to behave insanely. Let us look at the votes recently taken in Greece, France, and Germany. In all three cases, the concept of austerity (read: fiscal responsibility) has been completely rejected by their populations. In one case, France, the populace actually elected a labeled Socialist. The financial systems of most of Europe...
  • IMF says Arab Spring countries need USD90b (why should we foot the bill)

    05/07/2012 5:57:30 AM PDT · by Milagros · 34 replies
    MENAFN.COM ^ | May 5, 2012
    IMF says Arab Spring countries need USD90b MENAFN.COM 03/05/2012 (MENAFN) The International Monetary Fund's (IMF) director for Middle East and Central Asia, Masood Ahmed, stated that countries which were swept by the Arab Spring need USD90 billion, as they lack cash, reported The National. Ahmed added that during the current year, Arab oil importing countries will need USD90 billion, whereas the amount will be expected to grow to USD100 billion in 2013. He also said that jobs' creation is still a main priority, as the political unrest weakened trade and tourist links with the euro zone, deteriorating economies, thus, reducing...
  • Ever notice how the Arab oil interests control our economy?

    05/07/2012 5:14:29 AM PDT · by Milagros · 14 replies
    Subject: Ever notice how the Arab oil interests control our economy? Author: Chris Kloss Date: 13 Jul 2009 IMHO, if the price of oil had remained low, the financial crisis would have been of short duration. Oil price affects just about everything in our economy, not just gasoline for cars. A rapid increase in the price of oil requires a reallocation of the money people and businesses spend. Businesses must raise prices and, one result of this might be a lower demand. Businesses need more money to replace inventory. Persons and businesses on the edge cannot meet their financial obligations....
  • President Obama's "All Of The Above" Energy Duplicity

    05/06/2012 7:24:38 PM PDT · by Innovative · 4 replies
    Forbes ^ | May 6, 2012 | Robert Bradley Jr.
    There's been a noticeable sea change in the way President Obama talks about energy. Don't buy the makeover. The new Obama is running from his record - and plans to revert to old ways after what he calls "my last election" with all the tools at his disposal. To simply stick with the pro-green, anti-oil strategy was political peril. So Obama went surreal with an "all-of-the-above" energy agenda. Obama's Environmental Protection Agency recently issued new rules that will force 32 mostly coal-powered plants to close and threaten another 36 facilities. The agency has also issued "blackout" regulations that effectively prohibit...
  • LIVE STREAMING: Greece Election Results

    05/06/2012 9:09:04 AM PDT · by tcrlaf · 19 replies
    MegaTV ^ | 5-6-12 | TCRLAF
    First Exit Polls released just minutes ago per Twitter: Greece Exit Poll: ND 17-20% PASOK 14-17% SYRIZA 15,5-18,5% AN. ELLHN. 10-12% KKE 7,5-9,5% XRYSH AYGH 6-8% DHMAR 4,5-6,5% This is IMPORTANT, and could dramatically effect the world economies very quickly.
  • U.S. Debt Reaches 100 Percent of Country's GDP

    05/06/2012 7:12:56 AM PDT · by Son House · 7 replies
    FOXNEWS ^ | August 04, 2011 | FoxNews.com
    The U.S. debt surpassed 100 percent of gross domestic product after the government's debt ceiling was lifted, Treasury figures showed Wednesday, according to AFP. The debt, which had been in somewhat of a holding pattern over the past several weeks, rose $238 billion after President Obama signed the debt-ceiling deal into law Tuesday to avoid the country's first-ever default. The package is designed to carve $2.4 trillion from the deficit over the next decade. But in the near term, it granted Washington an increase in its borrowing authority worth the same amount. With that authority, the public debt has climbed...
  • Why New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong

    05/06/2012 7:10:32 AM PDT · by SeekAndFind · 4 replies
    The Economic Collapse Blog ^ | 05/05/2012 | Michael Snyder
    In recent days, New York Times economist Paul Krugman has been doing a whole bunch of interviews in which he has declared that the solution to our economic problems is very easy. Krugman says that all we need to do to get the global economy going again is for the governments of the world to start spending a lot more money. Krugman believes that austerity is only going to cause the economies of the industrialized world to slow down even further and therefore he says that it is the wrong approach. And you know what? Krugman is partly right...
  • Bank of America in real trouble

    10/21/2011 10:00:33 PM PDT · by oneolcop · 58 replies
    Before it's News ^ | 10/19/2011 | Before it's News
    The Federal Reserve and Bank of America Initiate a Coup to Dump Billions of Dollars of Losses on the American Taxpayer Bloomberg reports that Bank of America is dumping derivatives onto a subsidiary which is insured by the government – i.e. taxpayers. Yves Smith notes: If you have any doubt that Bank of America is going down, this development should settle it …. Both [professor of economics and law, and former head S&L prosecutor] Bill Black (who I interviewed just now) and I see this as a desperate move by Bank of America’s management, a de facto admission that they...
  • On Jobs, Bad News Is Bad. The Good News Is Bad, Too

    05/06/2012 1:48:21 AM PDT · by 2ndDivisionVet · 12 replies
    KERA-AM / National Public Radio ^ | May 5, 2012 | John Ydstie
    For the second month in a row, weak job growth numbers unsettled nerves in the White House and on Wall Street. It's obvious why the number of jobs added to the economy in April was disappointing. Employment grew by just 115,000. That followed a disappointing job gain in March. Together, the March and April average was only about half the 250,000 jobs added monthly in December, January and February. Again, economists suggested the warm winter weather might have boosted job growth during the winter months, which left fewer jobs to be added in the spring. However, at first glance there...
  • The Time is Right for Reparations (No, he's serious!)

    05/06/2012 1:18:51 AM PDT · by 2ndDivisionVet · 103 replies
    The Washington Informer ^ | May 3, 2012 | Benjamin F. Chavis, Jr.
    For more than 45 million black Americans, there are many issues that unite or divide us. Undoubtedly, the issue of reparations for African people in general and in particular for black Americans is an issue began as a divisive topic but now receives support from a board cross-section of blacks in America. Of course, there are some who wanted to table a national discussion of reparations in the aftermath of the election of President Barack H. Obama. Yet, there were many others who have argued that now is the most propitious time to accelerate the national dialogue about reparations because...
  • Paralyzed Fed, Economic Recovery Reality, The Emperor is Naked

    05/05/2012 3:53:47 PM PDT · by blam · 24 replies
    TMO ^ | 5-5-2012 | TGR - David Stockman
    Paralyzed Fed, Economic Recovery Reality, The Emperor is Naked Stock-Markets / Credit Crisis 2012 May 05, 2012 - 01:18 PM By: The Gold Report A "paralyzed" Federal Reserve Bank, in its "final days," held hostage by Wall Street "robots" trading in markets that are "artificially medicated" are just a few of the bleak observations shared by David Stockman, former Republican U.S. Congressman and director of the Office of Management and Budget. He is also a founding partner of Heartland Industrial Partners and the author of The Triumph of Politics: Why Reagan's Revolution Failed and the soon-to-be released The Great Deformation:...
  • Manipulation 401 | Understanding Real Unemployment

    05/05/2012 11:46:24 AM PDT · by NaturalBornConservative · 6 replies
    Natural Born Conservative ^ | May 5, 2012 | Larry Walker, Jr.
    Another 522,000 left the labor force in April 2012. April’s Bogus Unemployment Rate* By: Larry Walker, Jr. *Now that economists, media pundits, and the Obama administration have weighed in with half-hearted and inaccurate theories respecting April's decline in the U.S. unemployment rate, it’s time to set the record straight. We learned yesterday, that the official rate declined from 8.2% in March to 8.1% in April, but what’s really beneath the decline? To know, one must have an understanding of how the unemployment rate is calculated, and how to access the appropriate reports. From there it’s just a matter of...
  • The Stall Has Arrived (Even leftists are admitting it)

    05/05/2012 11:14:10 AM PDT · by Signalman · 44 replies
    RobertReich.org ^ | 5/4/2012 | Robert Reich
    The economy has stalled. Friday’s jobs report for April was even more disappointing than March. Employers added only 115,000 new jobs, down from March’s number (the Bureau of Labor Statistics revised the March number upward to 154,000, but that’s still abysmal relative to what’s needed). We need well over 250,000 new jobs per month in order to begin to whittle down the vast number of jobs lost in the Great Recession. At least 125,000 new jobs are necessary each month just to keep up with an expanding population of working-age people. With only 115,000 jobs in April, the hole is...
  • Obama Campaign Celebrates Disappointing April Jobs Report

    05/05/2012 10:32:23 AM PDT · by Ernest_at_the_Beach · 13 replies
    buzzfeed.com ^ | May 5, 2012 11:26am EDT
    It may have fallen short of economists', but the Obama campaign's Tumblr says, “Holler for 26 straight months of job growth.” Also, they have a tag for “holler.” ***********************************************See the Diagram....LOL!
  • Hawker Approved To Continue Paying Salaries During Bankruptcy

    05/04/2012 8:09:46 PM PDT · by 2ndDivisionVet · 3 replies
    KAKE-TV ^ | May 4, 2012 | Chris Frank
    Hawker Beechcraft has received approval from a federal bankruptcy court to continue paying employees, vendors and suppliers. There are still many questions about the filing and what it means to current and retired workers. Wichita bankruptcy attorney Bill Zimmerman says planes will continue to be built and, for all practical purposes, Hawker Beechcraft will continue operating during its restructuring. "The whole idea is to maintain value by continuing to operate," said Zimmerman. Something catching employees' attention is a statement on the company website that Hawker may have to terminate its pension plan. Zimmerman says it's not a done deal and...
  • Is an Economic Deluge Nigh?

    05/04/2012 7:27:31 PM PDT · by Mr. Jeeves · 13 replies
    Financial Sense Online ^ | 5/4/12 | David Galland
    If history has taught one certain lesson, it is that the less fettered an economy, the better humankind is able to do what it does best: run from trouble and run toward opportunity. In this way mistakes are quickly resolved and progress assured. Conversely, the deeper the muck of regulation, mandates, taxes, subsidies and other bureaucratic meddling, the slower we humans are in following our natural instincts until the point that progress is slowed or even stopped. It is said that history doesn't repeat itself, but it often rhymes. In the current circumstances, it appears that enough time has passed...
  • The Unemployment Rate Is Meaningless

    05/04/2012 6:03:39 PM PDT · by Kaslin · 13 replies
    IBD Editorial ^ | May 4, 2012
    Jobs: Normally, a drop in the unemployment rate would be a welcome sign of an economy on the mend. But in the upside-down world of Obamanomics, the jobless figure is increasingly useless, hiding more than it reveals. In April, the unemployment rate officially declined to 8.1% from the previous month's 8.2%, according to the Bureau of Labor Statistics. But you don't have to look very hard to see that the jobs picture actually deteriorated last month. In fact, the only reason the jobless rate didn't climb in April is because so many people have simply quit looking for jobs and...
  • Real GDP Per Capita -- Dead!

    05/04/2012 1:57:58 PM PDT · by NaturalBornConservative · 4 replies
    Natural Born Conservative ^ | May 4, 2012 | Larry Walker, Jr.
    Moving Forward -- Without Obama* By: Larry Walker, Jr. *Why do I get the eerie feeling that we’ve gotten nowhere in the last four years? The answer is because we’ve gone precisely nowhere with Obama. As the chart above displays, on a per capita basis, real gross domestic product has declined by a cumulative -0.20% during Obama’s four-year term (through Q1 2012). President’s Ronald Reagan and Bill Clinton both inherited rather weak economies. Each achieved real GDP per capita growth of 1.52% in the first year in office, but by the second year, Reagan’s cumulative GDP had declined to...
  • Obama Energy Policies HaveCost Economy $358 Billion

    05/04/2012 12:57:22 PM PDT · by Nachum · 1 replies
    Breitbart ^ | 5/4/12 | Robert Allen Bonelli
    Facts are sometimes nasty, persistent things that get in the way of the best political spin. President Obama likes to say that oil production is up and that the rise in gasoline prices is not his fault, but the facts challenge his words. Energy production is up, but only due to policies and practices set in motion ten years ago by the George W. Bush administration, and production is up only on private fields. (Snip) Economists estimate that for every $0.01 increase in a gallon of gasoline sustained for one full year, the economy loses $1 billion for that year.
  • Can Going Without Money Hurt the Economy? One Man's Quest to Be Penniless

    05/04/2012 11:34:03 AM PDT · by FatherofFive · 45 replies
    Good Morning America ^ | 21 hours ago | ABBY ELLIN
    Not only does he not have debt, a mortgage or rent, he does not earn a salary. Nor does he buy food or clothes, or own any product with a lower case "i" before it. Home is a cave on public land outside Moab, Utah. He scavenges for food from the garbage or off the land (fried grasshoppers, anyone?). He has been known to carve up and boil fresh road kill. He bathes, without soap, in the creek.
  • Hannity Destroys Occupy Organizer In Fiery Segment About Movement’s Violence

    05/04/2012 11:01:48 AM PDT · by 2ndDivisionVet · 42 replies
    Mediaite ^ | May 3, 2012 | Meenal Vamburkar
    On Thursday night, Sean Hannity sat down with Harrison Schultz, an Occupy Wall Street organizer. The segment was confrontational right off-the-bat — with Hannity questioning Schultz about the violence in the movement, and eventually leaving nothing unsaid, offering a fiery “suggestion” to Schultz. Schultz started off the segment by thanking Hannity for letting a “dirty hippie” come in and express his views, which didn’t sit well the the host, who pointed out he never said anything about being dirty or a hippie. From there, they moved on to Schultz saying Hannity made fun of his “friends.” Hannity asked, “The ones...
  • Welcome to the Stag-Nation

    05/04/2012 8:37:41 AM PDT · by radioone · 5 replies
    BobKrum.com ^ | 5-4-12 | Bob Krumm
    This is what a stagnant economy looks like. The gain of 115,000 jobs is less than enough to keep up with population increases, and was below the median economic forecast for April. The only reason that the unemployment rate “fell” to 8.1% is because the labor force participation rate keeps dropping. If you stop looking for work, you aren’t unemployed. But you’re not employed either. You’re just “missing.” You don’t count. Welcome to the country we now live in: the Stag-Nation. UPDATE: Labor force participation rate drops by a staggering 522,000 to the lowest level since 1981. That, btw, was...
  • Non-Farm Payrolls Rise Less Than Exepcted, Up 115,000; Unemployment Rate at 8.1%

    05/04/2012 5:33:55 AM PDT · by TonyInOhio · 97 replies
    CNBC ^ | 05/05/12 | Unattributed
    Developing
  • Georgetown prof: US not overstretched; ‘our world role is affordable’

    05/04/2012 5:55:13 AM PDT · by nuconvert · 10 replies
    Daily Caller ^ | 05/02/2012 | Jamie Weinstein
    Don’t believe the claims by those on the left — and some on the right — that America is overstretched abroad, says Georgetown University professor Robert J. Lieber. “[W]e managed to maintain the world’s most advanced and capable military (including a volunteer army), fight two wars plus a global war on terror, and yet at the peak last year we spent just 5 percent of gross domestic product on defense — a figure lower than the average during any of the Cold War years,” Lieber told The Daily Caller. “The percentage is already on the way down, toward less than...
  • Playing Out Our Absurd National Debates at the Local Level: The Case of Fracking

    05/04/2012 1:13:38 AM PDT · by Cincinatus' Wife · 15 replies
    The American Thinker ^ | May 4, 2012 | R.B.A. Muccio
    I originally sought election to the school board of the community where I live for many reasons. I grew up there, I spent my entire public school career in the district, and I care a great deal about its future. I also have four young children in the school and want to make sure they get the best education possible. Three years in, I like to think I've been able to do some real good in these respects. But the experience has also afforded me the opportunity to help play out many of our national debates on a local level....
  • Real Facts About the Obama Economy

    05/03/2012 11:34:29 AM PDT · by Kaslin · 7 replies
    Rush Limbaugh.com ^ | May 3, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: A couple of stories here from the Associated Press. The first one: "US Applications for Unemployment Aid Drop Sharply -- The number of people seeking unemployment benefits fell last week by the most in nearly a year. The figure was a hopeful sign that hiring could pick up in coming months." This is a seesaw. Just yesterday we had the news from ADP that new jobs were paltry, 119,000. Now, this report contradicts what ADP put out yesterday. "US Applications for Unemployment Aid Drop Sharply," which means fewer people are supposedly out of work. Now, we've told...
  • JCPenney Is Quietly Firing Lots Of Middle Managers Across The Country

    05/03/2012 7:37:02 AM PDT · by SeekAndFind · 65 replies
    Business Insider ^ | 05/03/2012 | Kim Bashin
    Ron Johnson's plan to transform JCPenney continues to roll along, and many of its workers on the frontlines aren't happy about the changes. JCPenney cut a bunch of middle managers across the country on Monday, according to multiple former managers we spoke with. We've withheld their names for their protection. This appears to be part of the layoffs announced back in January, but it's unclear how exactly how many have been let go. One source says that the number may now be in the thousands. JCPenney didn't immediately answer requests for comment, but a spokesperson did mention yesterday that the...
  • Three Cheers for Oil Speculators! (These folks are really the benefactors of humanity)

    05/02/2012 6:57:42 AM PDT · by SeekAndFind · 27 replies
    American Thinker ^ | 05/02/2012 | Howard Becker
    Oil speculators are benefactors of humanity. We should be very grateful to all of them. Next time you see an oil speculator, thank him for what he is doing. Most Americans would strongly disagree with me. But they are wrong -- not morally wrong, but factually wrong. One of the consequences of the recent increase in the price of gasoline has been the demonization of oil speculators. Politicians, journalists, talking heads, bloggers, and agitators have been denouncing speculators and proclaiming that the general public has been harmed by their speculating. Most of the anti-speculator rhetoric has been civil. But some...
  • Three Likely Triggers Of The Next Recession

    05/02/2012 9:06:22 PM PDT · by blam · 26 replies
    Street Talk Live ^ | 5-2-2012 | Lance Roberts
    3 Likely Triggers Of The Next Recession Written by Lance Roberts Wednesday, May 2, 2012 Recently I was watching my kids break in our family pool for the first time this year. All four of them stood motionlessly, side by side, staring at the clear blue water with their toes just over the edge of the coping. Knowing that the water is still cold from the winter months the anticipation and trepidation of the "cold shock" kept all four of them glued to the edge. "Who is going first?" I asked. The oldest began to lean over. Knees bent, hands...
  • California.. New Law to ask state contractors: Are you straight or gay?

    05/01/2012 1:51:59 PM PDT · by cakid1 · 27 replies
    cbs47 ^ | 5-1-12 | cakid1
    California.. New Law to ask state contractors: Are you straight or gay? State Assembly Speaker John Perez runs the Assembly Its not the law of the land yet. But a bill moving through the state Assembly would ask state contractors if they’re gay. The bill passed in the Assembly. The measure would allow business owners to identify themselves as gay, lesbian, transgender or bisexual. Only one Republican voted for the bill.
  • Lies, Damned Lies and Government Jobs Data

    05/02/2012 1:48:17 PM PDT · by SoFloFreeper · 4 replies
    Fox Business ^ | 5/2/12 | Elizabeth McDonald
    There is lots of talk about the "fiscal cliff" the U.S. faces at year end, as stimulus and tax cuts go away... For 59 out of the last 60 weeks, the weekly jobless numbers have been revised, after the fact, always in the same direction: higher. That's unheard of... The Bureau of Labor Statistics says the unemployment rate is dropping, and fell from 10% in October 2009 to 8.2% now. That’s got the White House and media pundits saying an economic recovery has taken place, and that the President’s stimulus bill, which cost more than $750 billion to date, has...
  • Factory Orders Post Biggest Decline in Three Years

    05/02/2012 12:58:06 PM PDT · by Free ThinkerNY · 14 replies
    Reuters ^ | May 2, 2012
    New orders for U.S. factory goods in March recorded their biggest decline in three years as demand for transportation equipment and a range of other goods slumped, government data showed on Wednesday. The Commerce Department said orders for manufactured goods dropped 1.5 percent after a revised 1.1 percent rise in February. Economists had forecast orders falling 1.6 percent after a previously reported 1.3 percent increase in February. While the report showed broad weakness in March in a sector that has carried the economic recovery, anecdotal evidence suggests factories continued to expand as the second quarter started. The Institute for Supply...
  • Dr. Coburn On Charlie Rose On US Debt Crisis, Leadership Deficit In Washington

    05/02/2012 12:33:29 PM PDT · by Lmo56 · 3 replies
    YouTube ^ | 5/2/12 | Charlie Rose Show
    Charlie Rose and Dr. Coburn [Seantor Tom Coburn] discuss what it's going to take to save the U.S. economy from becoming the next Greece, and shifting the debate in Washington to focus on the real problems: cutting spending, reforming the tax code, and members of Congress having the courage to take the hard votes.