Keyword: economy

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  • 7 Things the Middle Class Can’t Afford Anymore

    04/01/2015 2:07:23 PM PDT · by entropy12 · 14 replies
    CheatSheet ^ | March 31, 2015 | Erica Rawes
    1. Vacations 2. New vehicles 3. To pay off debt 4. Emergency savings 5. Retirement savings 6. Medical care 7. Dental work
  • Will Scott Walker Announce for President Today?

    04/01/2015 7:27:54 AM PDT · by Cincinatus' Wife · 38 replies
    P.J. Tattler ^ | April 1, 2015
    The Wisconsin governor has just promised a big announcement for 10 a.m. Central Daylight Time: Scott Walker ‏@ScottWalker 5m5 minutes ago Big announcement coming up at 10:00AM CT. Signup to hear the news first: http://hubs.ly/y0G20x0 – SKW #Forward If so, he would be the second declared candidate for the GOP nomination, along with Sen. Ted Cruz of Texas. Two good, strong conservatives who know how to take the fight to the enemy and to their own party, when need be. More, please.
  • Scientists Say New Study Is A ‘Death Blow’ To Global Warming Hysteria

    04/01/2015 1:49:51 AM PDT · by Cincinatus' Wife · 30 replies
    The Daily Caller ^ | March 31, 2015 | Michael Bastasch
    A new study out of Germany casts further doubt on the so-called global warming “consensus” by suggesting the atmosphere may be less sensitive to increases in carbon dioxide emissions than most scientists think. A study by scientists at Germany’s Max Planck Institute for Meteorology found that man-made aerosols had a much smaller cooling effect on the atmosphere during the 20th Century than was previously thought. Why is this big news? It means increases in carbon dioxide emissions likely cause less warming than most climate models suggest. What do aerosols have to do with anything? Well, aerosols are created from human...
  • Stockman: Corporate America Is Cannibalizing Itself

    04/01/2015 12:35:16 AM PDT · by concernedcitizen76 · 13 replies
    NewsMax ^ | March 9, 2015 | John Morgan
    American businesses are borrowing at historic high levels, but the only thing growing as a result is how fast their equity capital is vanishing, according to David Stockman, White House budget chief during the Reagan administration. Stockman blamed the Fed and the Fed's Wall Street cheerleaders. He said the Fed’s balance sheet has ballooned by nine times since 2000, yet real net investment in the business sector has cratered by 33 percent during the same time period. “Once upon a time businesses borrowed long term money — if they borrowed at all — in order to fund plant, equipment and...
  • Ex OMB chief Stockman: "It is the biggest speculative disaster in human history."

    03/31/2015 7:59:48 PM PDT · by concernedcitizen76 · 46 replies
    Zero Hedge ^ | March 01, 2015 | Tyler Durden
    David Alan Stockman interviewed on CBS-TV 60 Minutes (October 2010) Highlights of recent interview by Harry Dent. David Stockman: People don't want to hear the reality and the truth that we're facing. But I think there is an enormous appetite out in the country to get a different perspective than what you have from the media day in and day out, so I say the fed is out of control. Its balance sheet is exploded. It's printing money like never before. Zero interest rates for 70 months have basically destroyed the pricing function in the financial markets. I said...
  • GOP succeeding at down-ballot level

    03/30/2015 11:29:33 PM PDT · by 2ndDivisionVet · 8 replies
    The Pittsburgh Tribune-Review ^ | March 28, 2015 | Salena Zito
    Martina White made history Tuesday night by winning a special election for a Pennsylvania House seat — the first time a Republican won an open General Assembly seat in Philadelphia in 25 years. White, 26, became the 120th Republican in the House, part of the largest GOP majority in the state since 1958 and including a state Senate that increased its majority in historic numbers in 2014. Down-ballot races matter. These elected officials are the most attuned politicians with whom average people ever interact; they focus on voters' core values, and are far removed from the harsher rhetoric of national...
  • Foreclosure to Home Free, as 5-Year Clock Expires

    03/30/2015 12:35:33 PM PDT · by Lorianne · 41 replies
    New York Times ^ | 29 March 2015 | Michael Corkery
    In September, Susan Rodolfi celebrated an unusual anniversary: five years of missed mortgage payments. She is like a ghost of the housing market’s painful past, one of thousands of Americans who have skipped years of mortgage payments and are still living in their homes. Now a legal quirk could bring a surreal ending to her foreclosure case and many others around the country: They may get to keep their homes without ever having to pay another dime. The reason, lawyers for homeowners argue, is that the cases have dragged on too long. There are tens of thousands of homeowners who...
  • Half of U.S. Households Struggle to Save Even a Few Cents

    03/30/2015 10:32:15 AM PDT · by ilovesarah2012 · 66 replies
    nbcnews.com ^ | March 30, 2015
    Brother, can you spare a nickel? For roughly half of American households they answer is "barely," according to the results of a new survey by Bankrate.com. About half reported they are setting aside no more than 5 percent of their income in savings. One in five said they're not even able to save a penny. The highest savings rates were reported by those in the middle of the income ladder; more than a third of households earnings between $50,000 - 75,000 said they're saving more than 10 percent of their incomes, a higher rate than those in the highest-income bracket....
  • What liberals could learn from Ted Cruz’s flat tax

    03/30/2015 11:38:54 AM PDT · by 2ndDivisionVet · 51 replies
    Vox ^ | March 30, 2015 | Dylan Matthews
    Ted Cruz has developed a reputation as the most conservative of the major 2016 Republican presidential candidates, but he hasn't taken many specific policy positions to earn that moniker. One exception? His longtime support for a flat tax. The flat tax dramatically lowers the top tax rate and exempts capital gains and dividends from taxation. It's astonishingly regressive: the rich pay far less, hedge fund managers and private equity types like Mitt Romney would pay literally nothing, and while the exact rate varies from plan to plan, it's certainly not going to be as low as 10 or 15 percent,...
  • NLRB's radicalism may destroy the franchise model

    03/30/2015 11:15:44 AM PDT · by 2ndDivisionVet · 14 replies
    American Thinker Blog ^ | March 30, 2015 | Rick Moran
    President Obama's National Labor Relations Board will consider a case this week with important implications for the future of the franchise industry. Last year, NLRB's lead attorney found that McDonald's corporation should be treated as a "joint employer," meaning that it be responsible for the business and labor practices at each and every one of its franchise operations. This week, an administrative law judge will determine the viability of that finding. If he confirms it, McDonald's could face numerous suits and actions from the NLRB....
  • Texas Hasn't Been This Bad In Two Years

    03/30/2015 10:10:07 AM PDT · by blam · 9 replies
    BI ^ | 3-30-2015 | Myles Udland
    Myles Udland March 30, 2015The crash in oil prices is hammering the Texas economy. The latest manufacturing outlook index from the Dallas Fed plunged again in March, to -17.4 from -11.2 in February, indicating deteriorating business conditions in the state. Expectations were for the index to show a reading of -9. But the most important part of this report is the commentary from Texas business leaders, who have given an on-the-ground picture of how the decline in oil prices is affecting one of the country's economies most driven by oil. In March the tune didn't change, as it sounds as...
  • Texas economy hasn't been this bad in two years

    03/30/2015 8:04:10 AM PDT · by SeekAndFind · 16 replies
    Business Insider ^ | 03/29/2015 | Myles Udland
    The crash in oil prices is hammering the Texas economy. The latest manufacturing outlook index from the Dallas Fed plunged again in March, to -17.4 from -11.2 in February, indicating deteriorating business conditions in the state. Expectations were for the index to show a reading of -9. But the big most important part of this report is the commentary from Texas business leaders, who have given an on-the-ground picture of how the decline in oil prices is impacting one of the country's most oil-related economies. In March, the tune didn't change, as it sounds like things are still tough in...
  • Limousine Liberals & the Toll of Statism

    03/29/2015 10:26:52 AM PDT · by xuberalles · 16 replies
    Self | 3/29/15 | Me
    Nothing entertains me more than Limousine Liberals the likes of Hillary Clinton, Barack Obama, and Elizabeth Warren who religiously decry income inequality - pardoning celebrity donors of course - only to discredit those quintessential American ideals that create independence and wealth: self-reliance, hard work, commerce, innovation, and competition. And yet it is these universal necessities of a strong and robust economy that progressives suffocate with endless regulation and taxation in order to erect a socialist utopia defined by dependence and division. Inciting voters by demonizing those more fortunate, those who toiled for their blessings, is absurd when you’re the one...
  • Is Stansberry right about the coming crises in the U.S. or is he just trying to sell something?

    03/28/2015 6:37:31 PM PDT · by MeneMeneTekelUpharsin · 27 replies
    28 March 2015 | Mene
    Just asking, that's all.
  • Something weird is going on --Investor Thread March 29, 2015

    03/28/2015 3:17:44 PM PDT · by expat_panama · 57 replies
    Weekly investment & finance thread ^ | Mar. 29, 2015 | Freeper Investors
    (excerpt from)    Something weird is going on in the US economy, and it's not good...Despite experiencing a healthy pace of job growth, the US economy has largely disappointed economists' expectations by delivering a series of weaker-than-expected economic reports. The unexpected plunges in retail sales and durable goods orders stand out as they reflect weakness in both consumers and businesses. On Wednesday, Bloomberg LP Chief Economist Michael McDonough tweeted a chart of the unprecedented divergence between job growth and retail sales growth. This is concerning as personal consumption accounts for roughly 70% of US GDP. It's particularly concerning considering all...
  • Cities on the brink? Municipal pensions causing fiscal frailty

    03/28/2015 7:22:38 AM PDT · by Citizen Zed · 56 replies
    abc 27 news ^ | 3-27-2015 | Dennis Owens
    A shocking chart released this week shows that nine of the top ten cities have more retirees collecting pensions than current employees contributing to the fund. It’s happening in Philadelphia, Pittsburgh, Scranton, and Harrisburg. “It’s a major problem,” said Representative Seth Grove (R-York). “We have local governments that are on the verge of bankruptcy.” Auditor General Eugene DePasquale has been raising alarms across the state about the fiscal frailty of municipal pensions. “One-quarter of all the municipal pensions in the United States are in Pennsylvania,” DePasquale said. That’s a lot of little communities managing pension plans and DePasquale says nearly half...
  • Venezuela slashes oil shipments to Cuba, Caribbean in half

    03/27/2015 5:16:56 PM PDT · by Brad from Tennessee · 5 replies
    Miami Herald ^ | March 26, 2015 | By Antonio María Delgado
    Venezuela has cut in half its subsidized shipments of crude oil to Cuba and Petrocaribe member nations to 200,000 barrels per day, down from 400,000 shipped in 2012, a Barclays report says. Also, the British investment bank’s report considered it “ironic” that Venezuela would ship any oil at all, highlighting that while the country is going through extreme difficulties, it continues to subsidize oil sales to countries that have healthier economies. . . Because of the cuts in oil shipments to the Caribbean, the firm reduced its deficit forecast for Venezuela to $22.6 billion, down from more than $30 billion...
  • Ted Cruz: The Bush Years-What his time at the FTC suggests about how he’d run the White House

    03/27/2015 5:32:40 PM PDT · by 2ndDivisionVet · 43 replies
    The National Review ^ | March 27, 2015 | Jim Geraghty
    Long before Ted Cruz was a big-name senator and conservative rock star, wowing the crowd at Liberty University in the early days of his presidential bid, he was just another lawyer toiling away in virtual anonymity under George W. Bush. While Cruz’s time in the Senate is best known for fiery speeches and high-profile gestures like his 21-hour filibuster, in his earlier time in Washington he demonstrated a wonkish eye for detail and an eagerness to take on powerful industry groups that he saw as stifling competition. Though his efforts ultimately succeeded on a much smaller scale than he’d initially...
  • More people moved away from Illinois last year than any other state

    03/27/2015 11:00:59 AM PDT · by Beave Meister · 31 replies
    WBEZ 91.5 ^ | 3/26/2015 | Susie An
    Illinois had the biggest decrease in population according to a new report from the Census Bureau. Between July 1, 2013 to July 1, 2014, the state lost 9,972 people. On the other end, Texas saw the largest population increase adding more than 450,000 people during that time. Cook County saw a very slight decrease in population. It’s one of four counties with a population of more than 1 million to experience a decrease. Others include industrial counties like Wayne County, Michigan; Cuyahoga, Ohio; and Allegheny, Pennsylvania. The rate of people leaving Cook County for other counties has been increasing since...
  • Munger says prepare for harder world as buying power slides

    03/26/2015 6:56:13 AM PDT · by ckilmer · 12 replies
    theedgemarkets ^ | March 26, 2015 : 4:47 PM MYT
    Munger says prepare for harder world as buying power slides     | March 26, 2015 : 4:47 PM MYT    Share on facebook Share on twitter (Mar 26): Charles Munger, who became a billionaire while helping Warren Buffett build Berkshire Hathaway Inc., predicted it’s going to get tougher for consumers to maintain their standard of living in coming decades.“We should all be prepared for adjusting to a world that is harder,” Munger, 91, said Wednesday at an event in Los Angeles, in response to a question about the increase in the size of the Federal Reserve’s balance sheet since...
  • Gasoline use at lowest rate in three decades

    03/27/2015 8:05:48 AM PDT · by fruser1 · 19 replies
    Average fuel consumption by American drivers is at its lowest level in at least 30 years, says a University of Michigan researcher... "Despite population growth of 8 percent, the absolute amount of fuel consumed by light-duty vehicles decreased by 11 percent during the period 2004—the year of maximum consumption—through 2013," said Sivak, a research professor at UMTRI and director of the Sustainable Worldwide Transportation research consortium... Sivak said that although economic factors likely contributed to declining rates of vehicle ownership and distance driven, other societal changes such as increased telecommuting, use of public transportation and urbanization of the population, along...
  • For King & Corruption: The Criminal Without A Court

    03/26/2015 5:49:18 PM PDT · by xuberalles · 1 replies
    Self | 3/26/15 | Me
    Why hasn’t Congress, or any federal law enforcement agency for that matter, initiated a single hearing concerning the avalanche of criminal immigration activities orchestrated and carried out by this administration? Apparently, only the insidious medical advice of Dr. Oz or the supposed offensive nature of the Washington Redskins’ moniker is worthy of their time and scrutiny. The DHS has transported thousands of illegal aliens from detention centers, even from as far as their native countries, and sprinkled them like precious cargo all across America. Some of these demographic transplants have been filmed exiting buses at Social Security offices where they...
  • Sen. Ted Cruz skips Hispanic Chamber of Commerce summit, displeases Latinos in D.C.

    03/26/2015 3:51:32 PM PDT · by 2ndDivisionVet · 34 replies
    Fox News Latino ^ | March 26, 2015 | Elizabeth Llorente
    The president of the U.S. Hispanic Chamber of Commerce questioned in a meeting with reporters Thursday whether Sen. Ted Cruz’s snubbing of the group’s annual summit this week marked an attempt to avoid Latinos as he runs for president. “Ted Cruz chose not to come,” said a visibly displeased Javier Palomarez, president and CEO of the Hispanic Chamber of Commerce. “I hope it is not indicative that he’s backing away from the Hispanic community in order to get through the [GOP] primary.” Other presidential hopefuls such as Senators Rand Paul, R-Ky, and Marco Rubio, R-Fla., also did not speak at...
  • New Poll has Gov. Scott Walker Opening Up Large Lead in 2016 Iowa GOP Caucus Race – 3/24/15

    03/26/2015 11:29:50 AM PDT · by Cincinatus' Wife · 43 replies
    Freedom's Lighthouse ^ | March 26, 2015
    Gov. Scott Walker has opened up a large lead in the battle for the 2016 Iowa GOP Caucuses, according to a new poll from Opinion Savvy. Walker holds a 15-point lead, more than doubling the support of his nearest competitor, Dr. Ben Carson: 2016 IOWA GOP CAUCUS POLL – Opinion Savvy (3/24/15) Scott Walker 29% Ben Carson 14% Jeb Bush 12% Mike Huckabee 11% Ted Cruz 7% Rand Paul 5% Marco Rubio 5% Chris Christie 5% Donald Trump 3% No opinion/Other candidate: 9.7% Walker now has a 7.6 point lead in our average of 2016 Iowa Caucus Polls.
  • Jim Talent to Scott Walker's team

    03/26/2015 10:45:07 AM PDT · by Cincinatus' Wife · 28 replies
    KWCH 12 ^ | March 26, 2015 | Erin McPike
    Former Sen. Jim Talent, R-Missouri, is joining Scott Walker's nascent presidential campaign as a leading adviser on foreign policy and defense, sources familiar with the move and Talent told CNN.... It's a big get for the Wisconsin governor as he draws up a campaign plan and team: In the coming election cycle, foreign policy figures are expected to loom especially large given the increased frequency of threats brought by ISIS and other terrorist groups. Talent was a foreign policy adviser to both of Mitt Romney's presidential bids, and nearly every major potential GOP hopeful this cycle has courted him. Talent...
  • Rick Perry and Scott Walker get more impressive with time

    03/26/2015 7:56:46 AM PDT · by Cincinatus' Wife · 64 replies
    Washington Post ^ | March 26, 2015 | Jennifer Rubin
    ....A month or so ago,there were legitimate questions as to whether Wisconsin Gov. Scott Walker was up to speed on foreign policy and could project the gravitas we expect of presidential nominees. In an interview with Hugh Hewitt, he seemed a far cry from the candidate at CPAC. His answer on the Taliban trade and news of Army Sgt. Bowe Bergdahl’s desertion charge was solid...... Likewise,he explained why he prefers the term “safety” and gave an apt overview of what is happening in the Middle East:Safety is something you feel inside your chest, you feel in your heart. And I...
  • Why Ted Cruz’s presidential candidacy is important

    03/25/2015 9:16:16 PM PDT · by 2ndDivisionVet · 29 replies
    Voxxi ^ | March 25, 2015 | Tony Castro
    RONALD REAGAN ONCE said that Latinos were Republicans. They just didn’t know it yet. Ted Cruz, the Republican U.S. senator from Texas who has become the first major candidate to officially enter the 2016 presidential campaign, is quietly gambling that those words were never truer than in the upcoming campaign where he also apparently becomes the first major Latino figure to run for the White House. The importance of Cruz’s entry into the race, however, is not that he is running as a Latino. Clearly he is not. Nor, quite frankly, should any Hispanic be running for that or any...
  • Things that will happen if Venezuela implodes

    03/25/2015 2:33:39 PM PDT · by Citizen Zed · 45 replies
    cnbc ^ | 3-25-2015
    An economic implosion is becoming increasingly likely in Venezuela , and the country's debtholders, trade partners and neighbors are bracing for the fallout. The country's energy-dependent economy requires oil prices above $100 per barrel in order to sustain itself. Oil accounts for 95 percent of the country's export earnings, and combined with gas, it's 25 percent of the country's gross domestic product. Internationally traded Brent crude prices have fallen more than 48 percent in the past year. Meanwhile, a combination of inflation and currency controls have generated scarcity of basic needs such as flour, toilet paper and medicine. Venezuelans stand...
  • Ted Cruz: Hoping to spark America’s stifled imagination

    03/25/2015 2:31:21 PM PDT · by 2ndDivisionVet · 8 replies
    Communities Digital News ^ | March 25, 2015 | Stephen Z. Nemo
    “Today, roughly half of born-again Christians aren’t voting. They’re staying home. Imagine, instead, millions of people of faith, all across America, coming out to the polls and voting our values.” Sen. Ted Cruz of Texas announced Monday he would seek the presidential nomination of the Republican Party, aiming to inject much needed clarity and stark political contrast – not between Republicans and Democrats, but between himself and his party’s lickspittle, go-along-to-get-along, intellectual castrati. Speaking before a packed house at the Liberty University campus in Lynchburg, Va. (a Christian institution of learning), Cruz hinted at his vote-getting strategy. “Today, roughly half...
  • The 12,400 mile superhighway from Britain to America: Plans proposed...

    03/25/2015 9:51:24 AM PDT · by QT3.14 · 96 replies
    Daily Mail (UK) ^ | March 24, 2015 | Will Stewart
    Britain could be linked with America by road as part of an ambitious project to create the world's longest superhighway spanning half the circumference of the globe. Proposals have been put forward to build the mega route stretching about 12,400 miles from the western edge of Russia to the Bering Strait where the country nudges Alaska.
  • Europe Is Suddenly Booming — This Is Why

    03/24/2015 11:15:09 AM PDT · by blam · 16 replies
    BI ^ | 3-24-2015 | Mike Bird
    Mike Bird March 24, 2015Things are finally looking up again for Europe. The pace of the eurozone's sudden improvement across a bundle of economic indicators has shocked analysts since the turn of the year. But there has been a rapid turnaround from gloom to boom in just a few months. What's going on? As recently as Autumn, everyone thought Europe was bogged down in a protracted perma-recession, characterised by deflation, lack of GDP growth and continent-wide political paralysis. Here's what's going on, and why. (snip)
  • Obama's New Plan: “By Hook Or By Crook”

    03/24/2015 8:37:35 AM PDT · by NOBO2012 · 14 replies
    Michelle Obama's Mirror ^ | 3-24-2015 | MOTUS
    In a very lengthy interview with HuffPo, Big Guy pretty much laid out his entire presidential game plan: “By hook or by crook, we’re going to make sure that when I leave this office, that the country is more prosperous, more people have opportunity, kids have a better education, we’re more competitive, climate change is being taken more seriously than it was, and we are actually trying to do something about it. Those are going to be the measures by which I look back and say whether I’ve been successful as president.” Make sure that the country is more prosperous:Remember...
  • Traitors to Their Class [poverty pimp attacks those who work hard and succeed]

    03/24/2015 12:49:38 AM PDT · by Cincinatus' Wife · 16 replies
    New York Times ^ | Timothy Egan
    You probably know from his weepy reminiscences that the speaker of the House, John Boehner, once worked as a bartender and a janitor, and took seven years to get out of college. Maybe you’ve heard that Gov. Scott Walker of Wisconsin is a preacher’s son who churned out burgers and fries at McDonald’s. And you had to catch that bit from Senator Joni Ernst about putting bread bags over her shoes while growing up kind of poor in rural Iowa. People from humble beginnings often carry an extra load of empathy through the success of their later lives, a sense...
  • This Longtime IHOP Owner Sold His 16 Restaurants Because of Obamacare

    03/22/2015 7:51:56 PM PDT · by 2ndDivisionVet · 15 replies
    The Daily Signal ^ | March 22, 2015 | Rob Bluey
    Four years ago, my reporting on Obamacare brought me to the city of Terre Haute, Ind. Located near the Illinois’ border, about an hour’s drive from Indianapolis, the city of 60,000 residents reminded me of the area where I grew up near Utica, N.Y. It was a brisk March morning, nearly a year after President Obama signed the Affordable Care Act, and I had trekked to the Midwest with a camera crew to meet Scott Womack, owner of about a dozen IHOP restaurants in Indiana and Ohio. Womack’s testimony before Congress earlier in 2011 caught my attention and I wanted...
  • Power from the People:The decline in unionization in recent decades has fed the rise in incomes at t

    Power from the People FINANCE & DEVELOPMENT, March 2015, Vol. 52, No. 1 Florence Jaumotte and Carolina Osorio Buitron The decline in unionization in recent decades has fed the rise in incomes at the topInequality has risen in many advanced economies since the 1980s, largely because of the concentration of incomes at the top of the distribution. Measures of inequality have increased substantially, but the most striking development is the large and continuous increase in the share of total income garnered by the 10 percent of the population that earns the most—which is only partially captured by the more traditional...
  • You Blew It! Force People to Vote

    03/22/2015 10:31:16 AM PDT · by Kaslin · 63 replies
    Townhall.com ^ | March 22, 2015 | Mark Skousen
    “Other countries have mandatory voting. Why not us?” — President Barack Obama On Wednesday, March 18, Barack Obama was speaking at a town-hall event in Cleveland, Ohio, when he openly endorsed mandatory voting laws. “It would be transformative if everybody voted,” President Obama said. “That would counteract [campaign] money more than anything. If everybody voted, then it would completely change the political map in this country.” President Obama continued, “Other countries have mandatory voting,” referencing nations such as Australia, which passed compulsory voting laws in 1924. Down Under, citizens will be fined and can even be jailed in certain situations...
  • What is Killing the Restaurants of Seattle?

    03/22/2015 10:01:57 AM PDT · by Diana in Wisconsin · 84 replies
    The Weekly Standard ^ | For March 30th Publication | The Scrapbook
    "Why Are So Many Seattle Restaurants Closing Lately?” asks a recent Seattle magazine headline. The Scrapbook is no restaurateur, let alone knowledgeable about the local economy, but we’ll guess it has something to do with the fact that Seattle’s new $15 minimum wage starts phasing in on April 1. However, the first rule of liberals confronting the laws of basic economics is deny, deny, deny. A feature in the Seattle Times called the “Truth Needle” (we’re guessing the Times didn’t want to pony up to license PolitiFact’s logo) declares the claim that minimum wage has anything to do with the...
  • Redistributing wealth may be all that staves off collapse

    03/22/2015 9:12:40 AM PDT · by artichokegrower · 128 replies
    San Francisco Chronicle ^ | March 20, 2015 | Robert Reich
    It’s now possible to sell a new product to hundreds of millions of people without needing many, if any, workers to produce or distribute it. At its prime in 1988, Eastman Kodak, the iconic American photography company, had more than 145,000 employees. In 2012, Kodak filed for bankruptcy. The same year Kodak went under, Instagram, the world’s newest photo company, had 13 employees serving 30 million customers.
  • Broader Market Rallies Right Up a "Wall of Worry"--Weekly Investor Thread March 22, 2015

    03/22/2015 7:24:29 AM PDT · by expat_panama · 44 replies
    Weekly investment & finance thread ^ | Mar 22, 2015 | Freeper Investors
    Prices in both precious metals and stocks are booming again:  metals are soaring as if they're looking for higher bases and stock indexes are within a couple percentage points of all time highs.  The good news is that this time the experts show no sign of confusion as to what's going on and they've all decided what we need to do.  It's all because of the Fed, international tensions, and the NCAA. The bad news is that each expert's saying something different.   Here are a few samples:   (excerpt from)  Stocks are likely to struggle during March Madness ...Because March...
  • Underwater Homeowners "Here To Stay" Zillow Says

    03/21/2015 7:16:01 PM PDT · by Lorianne · 33 replies
    Zero Hedge ^ | 20 March 2015 | Tyler Durden
    A few weeks back we commented on the rather disturbing news that repeat foreclosures jumped in January: (link at source) Now, a new report from Zillow seems to offer further evidence that the US housing market may not be the picture of health after all (as if we needed more proof after housing starts cratered 17% in February). The percentage of homeowners underwater in the US was flat from Q3 to Q4 which doesn’t sound all that terrible until you consider that this figure had fallen for 10 consecutive quarters. Things look particularly bad in Florida and the midwest where...
  • GUEST COLUMNIST: White privilege ensures inherent inequality

    03/21/2015 11:56:09 AM PDT · by 2ndDivisionVet · 37 replies
    The Tuscaloosa News ^ | March 21, 2015 | Oscar Tucker, Special to The Tuscaloosa News
    Fanatics believe their opinions are unbiased and unassailable. Conservatives, who contemptuously ridicule everything Barack Obama, believe their opinions sacred and his ideas sacrilegious. They have not come to terms with the fact that a black person occupies the White House as president, and not as a cook. Many conservatives grudgingly admit that his Bloody Sunday speech in Selma was a great speech, but could not resist belittling it. He has been accused of fomenting strife, opening old wounds and politicizing the event. Bloody Sunday was politicized when the Congressional GOP leadership announced they would not attend. They were pandering to...
  • Dismembering the Sabbath in Wisconsin

    03/21/2015 2:27:34 AM PDT · by Cincinatus' Wife · 36 replies
    Washington Monthly ^ | March 20, 2015 2:50 PM | Ed Kilgore
    You’d think Wisconsin Republicans would reward themselves with some rest after pulling off—via a great deal of misdirection from Scott Walker—the enactment of a southern-style “right to work” law banning union shop agreements reached via voluntary free-market contract negotiations. But no: as The Nation’s Moshe Marvit explains, Badger State GOPers are back with a bill to revoke the right to a day off after seven days of labor. The new bill, which is being sponsored by Republican Van Wanggaard in the State Senate alongside [Rep. Mark] Born in the Assembly, would add a provision to the “day of rest” law...
  • Weak Obama Economy Flunks Fed Scorecard on Rate Hikes

    03/20/2015 2:15:31 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | March 20, 2015 | Donald Lambro
    You could almost see the assembled press corps' faces drop when the Fed's Open Market Committee said it wanted to see "further improvement" in the U.S. labor market before raising interest rates. For months, these economic reporters have been telling us that the Obama economy was stronger than ever and that we were in the midst of "blistering job growth," as the liberal Washington Post bombastically characterized the employment market earlier this month. Surely the Fed was now ready to say when they would remove the economy's low interest rate crutches. But at her news conference Wednesday, to the dismay...
  • Walker in South Carolina--Prayerful But Political

    03/20/2015 2:55:24 AM PDT · by Cincinatus' Wife · 20 replies
    Real Clear Politics ^ | March 20, 2015 | Caitlin Huey-Burns
    "...“Sometimes it takes a little while to warm up to a Midwesterner,” said Zee Homoki,an Aiken resident who came the Columbia luncheon with her husband, Steve, an Aiken city councilman. But Homoki liked Walker’s references to his upbringing, his focus on national security issues and his “deep love of country.”“He can appeal to a larger section of the Republican Party,” she said. Her husband agreed. “He might be the guy to actually combine the tea party types and establishment types,” he said. “We need somebody from outside the Washington establishment,someone with new ideas and the perspective of Middle America.”Some saw...
  • Jay Ambrose commentary: Right-to-work movement is very much pro-worker

    03/20/2015 1:55:05 AM PDT · by Cincinatus' Wife · 6 replies
    Columbus Dispatch ^ | March 11, 2015 | Jay Ambrose
    Gov. Scott Walker of Wisconsin has signed a measure freeing workers in his state from having to pay union dues if they want to keep their jobs, naturally enough upsetting labor honchos wanting to grab every worker nickel they can. Not the least of them: Randi Weingarten, chief of the American Federation of Teachers. “Scott Walker fails the test of common decency and common sense,” said Weingarten, who represents teacher unions that commonly abet youths in failing standardized tests. Her comments came after Walker signed a bill making his state the 25th to enact a right-to-work law that does exactly...
  • Paul Tudor Jones Warns This "Disastrous Market Mania" Will End "By Revolution, Taxes, Or War"

    03/19/2015 10:12:30 PM PDT · by Perseverando · 24 replies
    Zero Hedge ^ | March 19, 2015 | Tyler Durden
    "This gap between the 1% and the rest of America, and between the US and the rest of the world, cannot and will not persist," warns renowned trader Paul Tudor Jones during his recent TED Talks speech, as he addressed the question - can capital be just? Hoping to expand the "narrow definitions of capitalism," that threaten the underpinnings of society, Tudor Jones exclaims, "we're in the middle of a disastrous market mania," adding "one of worst of my life." Perhaps most ominously, he concludes, historically this ends "by revolution, higher taxes or wars. None are on my bucket list."...
  • The Middle Class Is Struggling in All 50 States

    03/19/2015 9:01:54 PM PDT · by ForYourChildren · 13 replies
    Yahoo! Finance ^ | Mar 19, 2015 | Rob Garver
    If the first decade and a half is any guide, the 21st century will not be known as the era of the middle class in the U.S. The middle class shrunk in all 50 states between 2000 and 2013, and median income, adjusted for inflation, was lower at the end of 2013 in the vast majority of states than it was in 2000, according to a new study by the Pew Charitable Trust’s Stateline. The analysis, conducted by Stateline’s Tim Henderson, defines “middle class” as individuals earning between 67 percent and 200 percent of the state’s median income. The study...
  • Iran endorses nuclear EMP attack on United States

    03/19/2015 1:14:07 PM PDT · by familyop · 119 replies
    Washington Examiner ^ | March 19, 2015 | by Paul Bedard
    Suspected for years of plotting to dismantle the U.S. electric grid, American officials have confirmed that Iranian military brass have endorsed a nuclear electromagnetic pulse explosion that would attack the country's power system. American defense experts made the discovery while translating a secret Iranian military handbook, raising new concerns about Tehran's recent nuclear talks with the administration. The issue of a nuclear EMP attack was raised in the final hours of this week's elections in Israel when U.S. authority Peter Vincent Pry penned a column for Arutz Sheva warning of Iran's threat to free nations. "Iranian military documents describe such...
  • Debt-Default Crisis 2015: Raise, and Then Raze, the Debt Ceiling

    03/19/2015 9:03:09 AM PDT · by Citizen Zed · 6 replies
    Huffington Post ^ | 3-17-2015 | Victor Williams
    Interest rates will skyrocket, instability will roil the financial markets, the federal deficit will soar and the resulting "catastrophic" harm will last years. That is how Treasury Secretary Jacob J. Lew describes a debt-ceiling breach certain to cause a government default. Uncle Sam will be bankrupt. All national government operations will seize-up. All checks for Social Security, Medicare, Medicaid, veterans, contractors and vendors will bounce. At the stroke of midnight, March 16, 2015, the debt ceiling was again breached. The Treasury Department has begun "extraordinary measures" to forestall the certain default. Jack Lew must rob Peter to pay Paul. He...
  • Scott Walker could win for Republicans

    03/19/2015 6:44:42 AM PDT · by Cincinatus' Wife · 95 replies
    Hillsdale College Collegian ^ | March 19,, 2015 | by Arielle Mueller
    What do Bill Gates, Steve Jobs and Scott Walker have in common? They all changed America. And they didn’t need a college degree to do it. On Feb. 12, Demo­cratic former Vermont Gov. Howard Dean deemed GOP front-runner Scott Walker unfit for the pres­idency because he dropped out of college. “The issue is, how well educated is this guy?” said Dean on MSNBC’s “Morning Joe.” “I worry about people being president of the United States not knowing much about the world and not knowing much about science.” The current Republican governor of Wisconsin attended Marquette University for four years but...