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Keyword: economy

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  • The 35.4 Percent: 109,631,000 on Welfare

    08/20/2014 7:09:30 AM PDT · by xzins · 82 replies
    CNS ^ | August 20, 2014 | Terence P. Jeffrey
    109,631,000 Americans lived in households that received benefits from one or more federally funded "means-tested programs" — also known as welfare — as of the fourth quarter of 2012, according to data released Tuesday by the Census Bureau. The Census Bureau has not yet reported how many were on welfare in 2013 or the first two quarters of 2014. But the 109,631,000 living in households taking federal welfare benefits as of the end of 2012, according to the Census Bureau, equaled 35.4 percent of all 309,467,000 people living in the United States at that time. When those receiving benefits from...
  • Average Price of Ground Beef Hits All-Time High

    08/20/2014 5:47:09 AM PDT · by xzins · 69 replies
    CNS ^ | August 19, 2014 | Ali Meyer
    (CNSNews.com) – The average price for all types of ground beef per pound hit its all-time high -- $3.884 per pound -- in the United States in July, according to data released today by the Bureau of Labor Statistics (BLS). That was up from $3.880 per pound in June. A year ago, in July 2013, the average price for a pound of ground beef was $3.459 per pound. Since then, the average price for a pound of ground beef has gone up 42.1 cents--or about 12 percent. Five years ago, in July 2009, the average price for a pound of...
  • The Wheels Are Coming Off California's Ballyhooed Comeback

    08/19/2014 2:16:24 PM PDT · by SeekAndFind · 20 replies
    IBD ^ | 08/19/2014
    Stop the music. All the merriment over the California recovery may have been a bit premature. Tax revenues are way down this year in the Golden State, and this could throw the books back into the red. Not so Golden State Here is the sobering analysis released last week from the Rockefeller Institute of Government, which monitors state spending and revenues: "After four years of uninterrupted growth, states' tax collections saw a decline in the first quarter of 2014. Preliminary figures for the second quarter of 2014 indicate further declines in personal income-tax collections and possibly in overall state taxes."...
  • Study Finds 25% of Troops Use Food Banks

    08/19/2014 9:28:00 AM PDT · by george76 · 11 replies
    Military ^ | Aug 18, 2014 | Amy Bushatz
    A new study suggests that 25 percent of troops in active duty, Guard and the Reserve use food banks to provide groceries and meals for themselves or their families. The study sponsored by Feeding America, the nation's largest food bank network, is conducted once every four years and was based on data collected in 2012. It found that four percent of surveyed households who used a food bank contained a currently serving military member. Based on those results, Feeding America officials estimated that 620,000 of their 46.5 million customers, or about 25 percent of the military population in 2012, used...
  • We’re going to kill the dollar. White House, DoJ & Treasury don't deny Obama staffer statement

    08/19/2014 5:29:27 AM PDT · by Opinionatedtoday · 38 replies
    When a senior Obama member allegedly told Kyle Bass, the founder and principal of the $2 billion hedge fund, Hayman Capital Management, “We’re just going to kill the dollar,” during a discussion about fixing the trade deficit and economy, was that Obama official joking or serious? I set out to find out and contacted the White House, Treasury Department and Department of Justice (DoJ). Kill the dollar. Kill a nation. Live in denial and be blindsided if what the senior Obama member allegedly said to Bass was true. Ask the Russians what life was like in the former Soviet Union...
  • The real looting of Ferguson: its black citizens never had a chance to get by

    08/19/2014 4:38:50 AM PDT · by 2ndDivisionVet · 50 replies
    The Manchester Guardian ^ | August 19, 2014 | Steven W. Thrasher
    The National Guard rolled in to protect a status quo. But racism set a status quo of inequality long before Michael Brown died.The National Guard will essentially protect the legal looting of black people – much as it was protected when Missouri became the last slave state admitted to the union. The symptoms of structural racism stain America everywhere, but its execution is particularly perverse in places like Ferguson. It’s not just that black drivers are stopped more often for alleged crimes than white drivers, despite the Missouri attorney general’s report that white people break the law more often. It’s...
  • 36% of adults lack retirement savings -- 14% of them 65 or over

    08/18/2014 12:13:58 PM PDT · by SeekAndFind · 56 replies
    Los Angeles Times ^ | 08/18/2014 | By JIM PUZZANGHERA
    More than a third of American adults have no retirement savings, including 14% of those 65 years of age or older, according to a new study released Monday. The low savings rate for people at or approaching retirement age is alarming, said Greg McBride, chief financial analyst for Bankrate.com, which conducted the survey. About a quarter -- 26% -- of those age 50 to 64 haven't started saving for retirement, the survey said; the figure was 33% of people who are 30- to 49-years-old. Overall, 36% of those 18 years or older have not started saving for retirement, according to...
  • Study: At Least 740,000 Wisconsinites Face Food Insecurity

    08/18/2014 10:53:13 AM PDT · by Citizen Zed · 57 replies
    MADISON, Wis. – In the land of cheese and bratwurst, a surprising 740,000 Wisconsinites are worried about going hungry. A recent study by the University of Wisconsin School of Medicine and Public Health shows a significant portion of the state's population is worried about not having enough to eat. Lead researcher Dr. Javier Nieto said it isn't just a problem in the rural areas of the state. "We also found more than six percent of respondents in suburban, wealthier areas, also responding 'yes' to the question about whether families have been concerned about having enough food for their family in...
  • It's Different This Time: Humans Need Not Apply

    08/17/2014 4:32:19 PM PDT · by Kaslin · 42 replies
    Townhall.com ^ | August 17, 2014 | Mike Shedlock
    On August 7, I wrote about "McCashier" Your $15.00 Per Hour McDonald's Worker Replacement. Sure. You can make $15 an hour at McDonald's, at least in Seattle. You just have to perform better than this machine. Many commented along the lines of "What's the big deal? It's only a cashier. There are more cooking jobs that cannot be replaced." For example reader Chris commented ... A McDonalds worker isn't a "cashier." The person who works the front end doesn't just take orders and money. The person who works up front also fills drinks for drive thru. They clean the restrooms...
  • A New Interest Rates Record Is Set... And It Is Foreboding

    08/17/2014 9:08:33 PM PDT · by blam · 20 replies
    Market Oeracle ^ | 8-17-2014 | Daily Wealth
    August 17, 2014 DailyWealth Dr. Steve Sjuggerud writes: A new record was set in Germany yesterday... The interest rate on a 10-year government bond in Germany fell below 1%. This number is shocking... Interest rates have never been this low in German history. What does it mean? Why would people agree to lend money to a government for 10 years with almost no return on that money? What is the message that we should take from this? Aren't things supposed to be getting back to "normal"? And doesn't "normal" mean something like this: By 2020, the Federal Reserve has short-term...
  • What States are the Biggest Job Winners and Losers in the Recovery?

    08/18/2014 6:36:36 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | August 18, 2014 | Mike Shedlock
    The Deloitte University Press has a very interesting, and comprehensive study on job gains and losses, by type of job, and state by state. The biggest winners are states involved in energy production, finance, or healthcare. The biggest losers are states that did not recover from the real estate bust, or lost population due to emigration. With that overview, let's dive deeper into the Geography of Jobs. Only now, as we reach the fifth anniversary of the end of the recession, has employment in the United States finally regained its pre-recession peak. The national story of slow recovery obscures the...
  • Gov’t Spending Per Household Exceeded Median Household Income (and worker income) 3 Straight Years

    08/18/2014 6:12:35 AM PDT · by xzins · 22 replies
    CNS ^ | August 14, 2014 | Terence P. Jeffrey
    (CNSNews.com) - Combined federal, state and local government spending per household exceeded the median household income in 2009, 2010 and 2011, the three most-recent years for which full data is available, according to calculations made using numbers from the White House Office of Management and Budget and an historical online database of state and local finances recently established by the Census Bureau. In 2011, in current year dollars, total government spending in the United States was $6,115,429,668,000. That included $2,516,666,590,000 in net state and local government spending and $3,598,763,078,000 in net federal government spending. That year there were 121,084,000 households...
  • What Is the Price of Perfect Equality?

    08/17/2014 4:50:29 PM PDT · by 2ndDivisionVet · 31 replies
    The Atlantic ^ | August 17, 2014 | Shannon Chamberlain
    Some of the best analyses lie not in the field of economics, but in books like The Giver—dystopian tales sitting on shelves marked Young Adult.Meryl Streep and Jeff Bridges in The Giver.The world is an increasingly unequal and unfair place, economists tell us. Every year, it becomes a little harder to picture what equal opportunity and egalitarianism even look like. As the rich attract capital like Jupiter attracts space debris and the poor fail to make any substantial gains, the gap between them comes to seem to us less surmountable, more of a force of nature than something for which...
  • Investment & Finance Thread (week Aug. 17 - Aug. 23 edition)

    08/17/2014 1:35:32 PM PDT · by expat_panama · 65 replies
    Weekly investment & finance thread ^ | Aug. 17, 2014 | Freeper Investors
    Alternate Title:  UPTREND SPECIAL EDITION!   That's right, last Thursday IBD announced that NASDAQ had its "follow-through-day"  so investors in the driver's seat just saw the light turn green.  That said, we also know that nobody walks across a one-way street without looking both ways, and even though the signs say 'buy' here's what they've been saying so far this year-- --and this is the problem we got driving down the road while only being able to look out the back window.Remember these market designations are not arbitrary, they're signals proven with decades of research.   That said, we're still looking at a...
  • A black president couldn’t stop the Ferguson race riots

    08/17/2014 1:31:39 PM PDT · by 2ndDivisionVet · 79 replies
    The London Telegraph ^ | August 17, 2014 | Dr. Tim Stanley
    Violence continues in Ferguson, Missouri. It began on August 9 with the death of Michael Brown, an unarmed African-American teenager cut down by a white cop’s bullets. Peaceful demonstrations turned into looting, the local police went in with rubber bullets and tear gas, all hell broke loose and, eventually, Missouri’s governor pulled out the local police and sent in state officers instead. But the rioting only paused; it didn’t cease. And it may continue. That’s probably because it’s driven by a deep, deep anger that will take a long time to calm. Observers might ask, “How can this be happening...
  • When Should the Family Business Throw Out the Family?

    08/14/2014 12:12:53 PM PDT · by BlatherNaut · 8 replies
    American Thinker ^ | 8/14/14 | Mike Johnson
    "Shirtsleeves to shirtsleeves in three generations." A typical paradigm for a family business; mom and pop start the business, their children successfully grow the business, and the greedy acrimonious grandchildren squabble amongst themselves and fritter away the business. The Demoulas family, of the Market Basket supermarket chain in Massachusetts, New Hampshire, and Maine, has added some new wrinkles. Looking at Market Basket from the outside, you will see a business with discernibly lower prices, an operation with noticeably better service, and a staff anxious to please. The workers are much better paid than the competition and their total compensation includes...
  • Euro zone economy grinds to halt even before Russia sanctions bite

    08/14/2014 5:23:22 AM PDT · by mac_truck · 1 replies
    Reuters ^ | Michelle Martin and Martin Santa8/14/2014
    Euro zone economic growth ground to a halt in the second quarter as Germany's economy shrank and France's stagnated. The zero growth reported by statistics agency Eurostat on Thursday was cause for alarm throughout the 18-nation region, which is already bracing for the impact of sanctions imposed on and by Russia over Ukraine. Germany, Europe's largest economy, contracted by 0.2 percent in the quarter, undercutting Bundesbank forecasts that gross domestic product would be unchanged. Foreign trade and investment were notable weak spots, the German Statistics Office said on Thursday. "Today’s figures show that the upturn remains too weak to withstand...
  • Loss of mid-wage jobs hampers state's growth

    08/08/2014 9:11:14 AM PDT · by Pelham · 13 replies
    LA Times ^ | August 8, 2014 | Tiffany Hsu
    On the surface, California's job market is booming. The state has now recovered all the jobs lost during the recession, and done so at a faster pace than all but five states. The growth, though, belies a troubling imbalance. The fastest job creation has come in low-wage sectors, in which pay has declined. At the high end of the salary scale, a different dynamic has taken hold: rising pay and improving employment after rounds of consolidation. Most distressing, middle-wage workers are losing out on both counts. "People talk about it like an hourglass," said Tracey Grose, vice president of the...
  • Aide: Obama, Clinton relationship resilient

    08/13/2014 5:44:06 AM PDT · by Cincinatus' Wife · 7 replies
    The Hill ^ | August 13, 2014 | Justin Sink
    One of President Obama’s top national security aides said Tuesday that the president did not take criticism from former Secretary of State Hillary Clinton over his handling of foreign policy personally. “I think their relationship is very resilient,” deputy national security adviser Ben Rhodes told CNN. “They’ve been through so much together.”
  • Japan’s economy shrinks as tax hike hits spending

    08/12/2014 10:26:58 PM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Aug 13, 2014 1:00 AM EDT | Yuri Kageyama
    The Japanese economy shrank at an annual pace of 6.8 percent in the second quarter after spending got slammed by a sales tax hike that kicked in from April, government figures showed Wednesday. Japan’s gross domestic product, or the total output of goods and services, also contracted 1.7 percent during the April-June period from the previous quarter. The decline in GDP was the worst since the March 2011 tsunami and quake disaster in northeastern Japan. In the first quarter of 2011, Japan’s economy shrank at an annual rate of 6.9 percent. The weak figures were expected as consumers and businesses...
  • UKRAINE: 12 August Results of the Day from Bad to Good

    08/12/2014 7:32:46 PM PDT · by UMCRevMom@aol.com · 8 replies
    Brothers and sisters, following 12 August. From Bad: 1. the Council in first reading adopted a bill that enacts the Institute sanctions according to the decision of the President and the NSC [National Security Council.] And all. The Council has thus exhausted - and finally the law was not accepted. As you know, sanctions (and their 29 varieties) should touch virtually all aspects of foreign and domestic policy. Among them is the cessation of mail, disabling television channels, closing all kinds of MEDIA, including the Internet, the ban on the use of radio frequencies, etc. In common sense such a...
  • Investment & Finance Thread (week Aug. 10 - Aug. 16 edition)

    08/10/2014 9:08:03 AM PDT · by expat_panama · 69 replies
    Weekly investment & finance thread ^ | Aug. 10, 2014 | Freeper Investors
    No matter how you look at it this is truly an amazing world we live in if everyone has more information than any time in recorded history and the only thing that's for sure is (like Sam Goldwyn said): "nobody knows nothing!"  What we got is that 2014 started out great for gold and the blahs for stocks, then the other way around w/ stocks powering up, and now we're back w/ metals out-shining stocks again.   In fact, right now the Russell 2000 (favoring small stocks) even shows the infamous 'death cross' w/ the 50 day moving average punching down...
  • Obama’s Economy In Action! Data Shows Cash For Clunkers Was An Epic Debacle

    08/10/2014 2:43:53 AM PDT · by afraidfortherepublic · 36 replies
    The Daily Caller ^ | 8-10-14 | Eric Owens
    “Cash for Clunkers,” the 2009 Obama administration stimulus program designed to spend $2.85 billion to jumpstart the auto industry, turned out to be a complete disaster — for the auto industry. In the minds of Obama’s team of advisers and economists, the program made total sense, of course. The plan was to dangle a $4,500 credit to persuade car owners to trade in their older automobiles for new cars with better fuel efficiency. It would stimulate an economy then in the midst of a deep recession. As a bonus, it would mean less oil consumption and cleaner-running cars. The law...
  • De-Dollarization Accelerates - China/Russia Complete Currency Swap Agreement

    08/09/2014 5:24:13 PM PDT · by SkyPilot · 27 replies
    Zero Hedge ^ | 9 Aug 14 | Tyler Durden
    The last 3 months have seen Russia's "de-dollarization" plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia's oligarchs have shifted cash holdings to Hong Kong. But this week, as RT reports, Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US...
  • Americans worry that illegal migrants threaten way of life, economy (OBAMAdon'tCARE!!)

    08/07/2014 8:32:21 AM PDT · by NormsRevenge · 28 replies
    Yahoo! News ^ | 8/7/14 | Alistair Bell - Reuters
    KINGSTON New Hampshire (Reuters) - As President Barack Obama considers sidestepping Congress to loosen U.S. immigration policy, a Reuters/Ipsos poll shows Americans are deeply worried that illegal immigration is threatening the nation's culture and economy. Seventy percent of Americans - including 86 percent of Republicans - believe undocumented immigrants threaten traditional U.S. beliefs and customs, according to the poll. The findings suggest immigration could join Obamacare - the healthcare insurance overhaul - and the economy as hot button issues that encourage more Republicans to vote in November's congressional election. With Congress failing to agree on broad immigration reforms, Obama could...
  • Does Hosting the Olympics Actually Pay Off?

    08/07/2014 7:01:07 AM PDT · by SeekAndFind · 14 replies
    New York Times ^ | 08/07/2014 | BINYAMIN APPELBAUM
    <p>Brazil may have never wanted for places to play soccer, but that didn’t stop the country from spending billions of dollars on stadiums for last month’s World Cup.</p> <p>The Arena Amazonia, a $300 million edifice designed to look like a woven basket, was built in a rain-forest city where the professional team regularly draws fewer than 2,000 fans per game. And Brazil is only getting started.</p>
  • Nestlé To Relocate Chatsworth Hot Pockets Facility To Kentucky

    08/06/2014 3:03:23 PM PDT · by BenLurkin · 80 replies
    CBSLA.com) ^ | August 6, 2014 8:31 AM | Margaret Carrero
    CHATSWORTH (CBSLA.com) — Hundreds of Angelenos could soon be out of work after Nestlé USA announced it will relocate a Hot Pockets facility in Chatsworth back east. KNX 1070’s Margaret Carrero reports the 184,000-square-foot production facility in the 9600 block of Canoga Avenue has been making the popular snacks since 1988 The Glendale-based Nestlé USA will move the Chatsworth operation to another facility in Mount Sterling, Kentucky, where the company will invest $13 million and hire 150 new employees locally as the operation converts to a round-the-clock schedule, officials announced. Approximately 360 employees will be impacted by the closure, but...
  • Luck and a Little Mystery: The Economy Grows Faster Under Democratic Presidents

    08/06/2014 12:33:05 PM PDT · by SeekAndFind · 42 replies
    New York Times ^ | 08/06/2014 | Jared Bernstein
    Though I typically resist, my wife often tries to get me to put down the laptop and enjoy the Zen of gardening with her. So you can imagine her surprise when she returned from a trip to find a beautiful clump of nonwild flowers planted in her garden. She loved the welcome-home gift and was ready to bestow upon me many valuable (and increasingly elusive) good-husband points. The thing is, I have no idea how those flowers got there. And like George Washington, I could not tell a lie. But had I in fact been an actual president, I probably...
  • MSNBC: “Total disconnect” between Obama’s rhetoric on economy and reality for voters

    08/06/2014 12:23:58 PM PDT · by SeekAndFind · 19 replies
    Hotair ^ | 08/06/2014 | Ed Morrissey
    Worth a watch, especially on this particular network even though Morning Joe offers much more reality than most of the rest of MSNBC’s schedule. Today’s reminder of reality comes from Wall Street Journal’s White House correspondent Carol Lee, who points out that the sunny rhetoric from Barack Obama and his administration has a “total disconnect” to the reality for most Americans, as seen in the latest NBC/WSJ poll. Time for another pivot? CLICK ABOVE LINK FOR THE VIDEO “The President was campaigning, raising money in California a few weeks ago,” Lee notes, “and he was saying, ‘People feel better than...
  • A Governor’s Dilemma: Illegal Immigrants Divert Resources From State’s Own Citizens (OK)

    08/06/2014 11:48:29 AM PDT · by Tennessee Nana · 15 replies
    TheDailySignalBlog ^ | August 5, 2014 | Gov Mary Fallin
    On June 13, the first bus of illegal immigrant minors, aged 12-17, arrived at Fort Sill, Oklahoma. The state of Oklahoma was given no formal notice, and no chance to object. After weeks of bad publicity, public outrage and political pressure, the Obama administration announced this week that the facility will close by Friday, Aug. 8. That’s good news for the people of Oklahoma and the men and women of Fort Sill, who will once again have the full use of their military base for the purpose it was designed for: housing and training soldiers. What the facility’s closure does...
  • Drunk Driving & The 7 Trillion Dollar Man

    08/06/2014 11:03:37 AM PDT · by xuberalles · 2 replies
    Self | 8/6/14 | Me
    Barack Obama has raised the deficit by more than 7 trillion in six years. Let me repeat: Barack Obama has accrued a 7 trillion dollar deficit in only six years of office! And the man still has two years remaining! It’s nearly beyond comprehension and more than the first 42 Presidents combined; nearly twice as much George W. Bush who presided over the economic fallout from 9/11, a war on two fronts, the credit collapse and subsequently was besieged by Democrats as “unpatriotic” and “incompetent” for wasting taxpayer money. So why isn’t anyone being held accountable for such reckless incompetence?...
  • Updating the Reagan v. Obama Economic Rout: Comparing economic legacies after 6 years of incumbency

    08/06/2014 9:13:34 AM PDT · by SeekAndFind · 5 replies
    Pajamas Media ^ | 08/06/2014 | Tom Blumer
    The Hill reported last week that President Obama wants to “pivot to his economic legacy.” Specifically, “the White House hopes to ride the wave of an economic recovery to improve Obama’s approval numbers over the final two years of his presidency, setting up a possible Democratic successor at the White House.” If The Hill’s Amie Parnes and Peter Schroeder had submitted their writeup to The Onion, they would have gladly run it.Unfortunately for the president, one good quarter — assuming it even survives subsequent revisions, and especially following a quarter of contraction which was originally reported as positive before...
  • If Israel is Militarily Defeated by Muslim Militants in 2014, will Obama then be Impeached?

    08/06/2014 7:23:34 AM PDT · by Graewoulf · 31 replies
    Graewoulf | August 6, 2014 | Graewoulf
    If the various Muslim Militant Groups such as ISIS, Hamas, al Shira, al Quada, Taliban, the GITMO FIVE, etc, etc, etc. were to Militarily conquer the Nation of Israel, would Russia then be in control of the Eastern Mediterranean Sea, including effective Naval and Air control of the Suez Canal? Russia would then have control of the most cost-effective of Saudi and Iranian Oil straight through to Crimea Ports to Russian oil pipelines running through Ukraine to Europe. The lack of Left Wing Media curiosity on this potential Russian power grab of a major portion of the World's Oil Market,...
  • The Last Refuge of a Scoundrel: Obama's 'Economic Patriotism'

    08/06/2014 6:58:10 AM PDT · by SeekAndFind · 15 replies
    Weekly Standard ^ | 08/06/2014 | Fred Barnes
    When he’s in trouble, President Obama changes the subject to the economy. And in speech after speech, he utters some version of this line: “We know from our history, our economy does not grow from the top down, it grows from the middle up.” This is a puzzling statement. I don’t know what it means, much less whether it’s true. I asked a number of economists and they were no help. “I have no idea what it means,” Douglas Holtz-Eakin, the former director of the Congressional Budget Office, says. “I am unaware of any literature supporting the proposition,” Kevin Hassett,...
  • U.S. Stocks End Lower

    08/05/2014 5:58:55 PM PDT · by SkyPilot · 19 replies
    Wall Street Jounal ^ | 5 Aug 14 | Saumya Vaishampayan
    U.S. stocks slid on Tuesday, with the Dow industrials posting their fourth loss in five sessions. Traders said the selling was kicked off by remarks from a Polish official warning about the potential for Russia to invade Ukraine. But traders said the scope of the declines reflected low volumes and a lack of other news. The Dow Jones Industrial Average dropped 139.81 points, or 0.84%, to 16429.47. The S&P 500 lost 18.78 points, or 0.97%, to 1920.21 and the Nasdaq Composite Index fell 31.05 points, or 0.71%, to 4352.84. "This hit the tape, and all of a sudden the market...
  • Economy: Mugabe’s Biggest Undoing

    08/04/2014 3:04:00 PM PDT · by nickcarraway · 11 replies
    The Standard ^ | August 3, 2014 | Ndamu Sandu
    The government of Zimbabwe’s core business appears to have been reduced to paying civil servants’ salaries, abandoning other responsibilities, as the economy becomes President Robert Mugabe’s biggest undoing, one year after sweeping to power in 2013. Last week Zanu PF celebrated its victory anniversary notwithstanding the attendant economic collapse since Mugabe retained the keys to State House in a controversial election. Zanu PF promised when campaigning that it would create over two million jobs by 2018. Of that figure, 222 800 were supposed to have been created in the first year. The glaring fact on the ground however is that...
  • Raising the minimum wage would kill jobs and hurt the poor

    08/04/2014 11:25:43 AM PDT · by shepardspie33 · 9 replies
    Red Dirt Report ^ | August 4. 2014 | Ethan Womble and Brian Woodward
    What better way to help out the less fortunate than to raise the minimum standard of wage that an employee is paid? The idea is simple and the public supports it. However, the poor are the ones most negatively affected by minimum wage laws through multiple channels such as employment and consumer prices of everyday goods. As Nobel laureate and economics titan Milton Friedman observed, "The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken."...
  • The More President Obama Plays Golf, The More Conservatives Should Loudly Cheer Him On

    08/04/2014 6:49:07 AM PDT · by SeekAndFind · 14 replies
    Forbes ^ | 08/04/2014 | John Tamny
    “If you see ten troubles coming down the road, you can be sure that nine will run into the ditch before they reach you.” – Calvin Coolidge A recent report in the New York Post revealed that since his 2012 re-election, President Obama has attended 75 fundraisers, and played golf 81 times. Conservative media have predictably made a lot of noise about the doings of our alleged “duffer” and “fundraiser-in-chief,” suggesting that Obama dithers as the domestic and global situation deteriorates. More realistically, true conservatives should rejoice our golf and fundraising obsessed President, all the while hoping that future presidents...
  • Let The Good Times Roll For The US Economy

    08/04/2014 4:48:37 AM PDT · by blam · 18 replies
    BI ^ | 8-4-2014 | &#61517;Ed Yardeni
    Ed Yardeni, Dr. Ed's BlogAugust 4, 2014 Yardeni chart Aug 4, Dr. Ed's Blog The US economy appears on my worry list only indirectly and only because it is performing well, showing no signs of a recession. That’s bearish only if the Fed’s response of starting to raise interest rates in baby steps triggers an unanticipated financial crisis simply because interest rates have been too close to zero for too long. A rush out of corporate bond funds could be one of the consequences with recessionary consequences, or maybe not. It’s something to watch. For now, let the good times...
  • It's The Economy, Stupid: No, The Real One!

    08/03/2014 8:24:36 PM PDT · by xuberalles · 8 replies
    Self | 8/3/14 | Me
    Inflation, inflation, inflation! Obama and his merry band of propagandists can keep trying to smear lipstick on this historically, pathetic economy but the endless, reckless pumping by the Fed has resulted in a worthless dollar and mass inflation across the board. $6 for a pound of ground beef? A gallon of milk for $3.50! $4 gas for almost four years now? Oh yes, all is most definitely well! If the truth be known, the cost of owning and operating a business has nearly doubled since 2008. Energy costs are passed on to consumers, as is the fallout from a glut...
  • Obama: My policies have been business friendly

    08/03/2014 6:10:32 PM PDT · by jazusamo · 80 replies
    The Hill ^ | August 3, 2014 | Tim Devaney
    President Obama says he has been “friendly” to business, but understands why they are “frustrated” with many of his regulations in a new interview published in The Economist. “They always complain about regulation,” Obama says of business leaders. “That's their job. “I would take the complaints of the corporate community with a grain of salt,” he adds. “If you look at what our policies have been, they have generally been friendly towards business.” Speaking of the Dodd-Frank financial reforms, Obama says his regulations helped hold the global economy together at a time of crisis. Obama explained that there are “core”...
  • Investment & Finance Thread (week Aug. 3 - Aug. 9 edition)

    08/03/2014 2:06:47 PM PDT · by expat_panama · 102 replies
    Weekly investment & finance thread ^ | Aug. 3, 2014 | Freeper Investors
    Yo!   What we got this past week is the economy's officially in terrific shape and both stocks and metals are tanking.  Now, while it's never good to be too convinced about what we think is going to happen next in the future, I personally am having a hard time trying to decide what I think is happening right now.  Somehow the more I know about what's going on the less I know about what's going on.Oh yeah, IBD says stocks are still in an 'up-trend'.   This is the thread where folks swap ideas on savings and investment --here's a...
  • Freelance workers a growing segment of California economy

    08/02/2014 11:21:10 PM PDT · by Nachum · 26 replies
    LA Times ^ | 8/2/14 | Tiffany Hsu
    A short gig doing security for the True Blood television show. A stint driving for a rental car company. A week as a customer service representative at a retail store. This is how Delvontaie Antwine, 34, makes do in California's economic recovery — earning a few scattered paychecks a month from odd temp jobs while living with relatives in Silver Lake. Each week, he goes to a career center, where recently he was looking into positions transporting patients for Kaiser Permanente. "I just need something consistent; otherwise, I'm like a puppy chasing its tail," he said. "I'm at the bottom...
  • OBAMA: 'The Economy Is Clearly Getting Stronger'

    08/01/2014 12:23:50 PM PDT · by SeekAndFind · 60 replies
    Business Insider ^ | 08/01/2014 | Hunter Walker
    President Barack Obama made a statement on the economy from the White House on Friday afternoon where he argued the latest jobs number show the economy is continuing to recover from the financial crisis. "The good news is the economy clearly is getting stronger things are getting better," said Obama. Obama highlighted the fact the country has seen a "six month streak with at least 200,000 new jobs each month." "That's the first time that's happened since 1997," he said. Obama described this as part of "the longest streak of private sector job creation in our history."
  • Deconstructing Barack's Boasting and Bragging

    08/01/2014 11:12:13 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | August 1, 2014 | Donald Lambro
    WASHINGTON - Barack Obama has been saying that Americans are doing a lot better than they were before he was sworn into office in 2009. It's a claim he's been repeating everywhere he goes, at party fundraising events and in nearly every interview he's had in recent months. "There's almost no economic measure by which we are not better off now than we were when I took office," he told Democrats earlier this month at a campaign fundraiser in Dallas. "We are indisputably better than when I was elected," he says. It's a fundamentally specious, slippery and exaggerated claim that...
  • Why A Higher Unemployment Rate Is Actually Good News This Time

    08/01/2014 8:36:16 AM PDT · by nhwingut · 27 replies
    Huffington Post ^ | 08/01/14 | Mark Gongloff
    The job market is still not the greatest, but we just got one hopeful sign that it might be improving a bit. The economy added 209,000 jobs in July, and the unemployment rate ticked up to 6.2 percent from 6.1 percent, the Bureau of Labor Statistics said Friday. Believe it or not, both of those numbers are encouraging. The reason the first number is encouraging is because, duh, jobs. The encouraging part of the second number, the unemployment rate, is less obvious. Normally, higher unemployment is bad news, and people seeing HIGHER UNEMPLOYMENT on the evening news tonight will naturally...
  • Is the ecomomy the untold casualty of abortion?

    08/01/2014 7:57:46 AM PDT · by wagglebee · 66 replies
    Live Action News ^ | 8/1/14 | Gina L Diorio
    The pro-life movement often talks of the science behind life in the womb, the fact that abortion leaves emotional, psychological and physical scars on women and the inherent beauty of every life. What we don’t often talk about, though, is money.After all, doesn’t it seem somewhat crass to couch pro-life arguments in terms of economic benefit? The reality, though, is that abortion hasn’t impacted our society only in emotional, social, and cultural ways. It’s also impacted our society economically. And one political scientist is now claiming this very thing.Mark A. Olson, a former liberal community organizer turned pro-life consultant, has...
  • San Marcos Downsizing Trash Carts

    08/01/2014 7:30:38 AM PDT · by bgill · 23 replies
    keye ^ | July 31, 2014 | Bettie Cross
    The City of San Marcos is downsizing. It's reducing the size of its trash carts by 30 gallons to cut back on the amount of garbage being dumped at landfills... San Marcos customers will be put to the test October 1.That's when the older trash carts will be replaced by the new smaller ones. Customers who want to keep the bigger carts will have to pay at least $3 more a month.
  • When All Is Lost: Blame The Tea Party!

    07/31/2014 6:17:39 PM PDT · by xuberalles · 9 replies
    Self | 7/31/14 | Me
    Only two things are certain in life: death and taxes. Well, not exactly. I'm always dumbfounded when the Tea Party – basically the old conservative wing of the Republican Party – is routinely and viscously slandered as racists, extremists, and blamed for every misfortune or injustice to befall America. What is conveniently concealed or transposed by puppets of propaganda, premeditated with extreme prejudice I might add, is that our members are nothing more than staunch Reaganites: loyal to a man who is largely considered one of the greatest Presidents in American history by Republicans, Independents and moderate Democrats alike. Yet,...
  • Traders Are Blaming Thursday's Big Sell-Off On 1 Stat (DJIA -317)

    07/31/2014 3:05:04 PM PDT · by blam · 26 replies
    BI ^ | 7-31-2014 | Sam Ro
    Sam Ro July 31, 2014The stock market is experiencing its worst one-day sell-off in months. There's no shortage of things to be worried about. Argentina just defaulted, Iraq's a mess, and Russia could soon retaliate for the latest round of economic sanctions. But traders agree that Thursday's sell-off is probably due to one stat: the 0.7% jump in the employment cost index (ECI) in the second quarter. This number, which crossed at 8:30 a.m. ET, was a bit higher than the 0.5% expected by economists. And it represents a year-over-year growth rate of over 2%. It's a big deal, because...