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Keyword: economy

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  • Big Government Works Great... But for Whom?

    11/25/2014 9:38:35 AM PST · by jfd1776 · 2 replies
    Illinois Review ^ | November 25, 2014 A.D. | John F. Di Leo
    Ever since the Depression-era enlargement of the Leviathan, successfully marketed as the "New Deal," conservatives have argued against proposed government programs by shouting ďTheyíre Unconstitutional!Ē and ďThey Donít Work!Ē Such complaints often fall on deaf ears, because the Constitution is barely taught or respected nowadays, and the question of whether they work or not so often appears to be subjective. Perhaps itís time for a new approach. I would submit that itís time to stop saying that "Big Government Programs Don't Work".... because the fact is, they usually do. It usually isn't that they don't work, it's that they work...
  • Record Stocks & Plunging Gas Prices Send Consumer Confidence Tumbling, Biggest Miss Since June 2010

    11/25/2014 9:01:13 AM PST · by GilGil · 11 replies
    Zerohedge ^ | 11/25/2014 | Tyler Durden
    With business confidence at post-crisis lows (in the US and around the world), it is hardly surprising that consumer confidence would fade and at 88.7 (vs 96.0 expectations), this is the biggest miss since June 2010. It appears last month's exuberant surge/beat was anomalous as we tumble from 94.5 in October, in spite of tumbling gas prices and record high stocks... The drop was largely driven by a slide in 'hope' as expectations fell to the lowest since June. Labor, employment, and business conditions all dropped.
  • OPEC Risks Seeing $60 Oil If It Doesn't Make A Big Move This Week

    11/24/2014 11:02:17 AM PST · by blam · 38 replies
    BI Reuters ^ | 11-24-2014 | Claire Milhench
    Claire Milhench November 24, 2014 Oil prices could plunge to $60 a barrel if OPEC does not agree a significant output cut when it meets in Vienna this week, market players say. Brent crude futures have fallen 34 percent since June to touch a four-year low of $76.76 a barrel on Nov. 14, and could tumble further if OPEC does not agree to cut at least 1 million barrels per day (bpd), commodity fund managers say. "The market would question the credibility of OPEC and its influence on global oil markets if there was no cut," said Daniel Bathe, of...
  • North Dakota Names Landfill After Obama

    11/24/2014 7:41:27 AM PST · by KeyLargo · 48 replies
    The Daily Currant ^ | Nov 17, 2014
    The Daily Currant Politics North Dakota Names Landfill After Obama Nov 17, 2014 Climate Change And Global Pollution To Be Discussed At Copenhagen SummitThe state of North Dakota has named a new publicly-owned landfill after President Barack Obama. In an overwhelming 35-10 vote, the state Senate advanced a bill naming a 650-acre site currently under construction after the nationís 44th president. Governor Jack Dalrymple is expected to sign the measure into law Tuesday. When completed, the Barack Obama Memorial Landfill will be the largest waste disposal site in North Dakota, and the 17th largest in the United States. It will...
  • Goldman's Entire Outlook For The Markets And Economy for 2015 In One Slide

    11/24/2014 7:35:36 AM PST · by SeekAndFind · 5 replies
    Business Insider ^ | 11/24/2014 | Sam Ro
  • Election, Fed, and Stocks

    11/24/2014 7:16:14 AM PST · by GilGil · 2 replies
    Zeal ^ | 11/7/2014 | Adam Hamilton
    The bottom line is the massive Republican Congressional victory is not bullish for these overextended and overvalued Fed-levitated stock markets. The Republican lawmakers are going to put tremendous pressure on the Fed to normalize its bloated balance sheet and horrible zero-interest-rate policy. The Fed serves at the pleasure of Congress, and canít risk infuriating it to launch a QE4 to rescue stock markets. Thus the overdue major selloff is still imminent. At very best it will be a full-blown 20% correction, but far more likely is a 50% cyclical bear market unfolding over a couple years. The markets are forever...
  • American CEOs on the Economy : Softness, Stagnant, Cautious, Challenging

    11/24/2014 7:08:59 AM PST · by GilGil · 8 replies
    Zerohedge ^ | 11/23/2014 | Tyler Durden
    Since May, CEO confidence among America's largest companies had stagnated - even as stocks did what they do and rise, rise, rise. That changed when Bullard (now explained as "misunderstood" by the market) set fire to stocks with his QE4 hints and Plunge Protection Team rescue. However, the last 2 weeks have seen a noticable collapse once again in CEO confidence, according to Bloomberg's Orange Book index, even as stocks reach new higher all-time-er highs. As Bloomberg's Rich Yamarone notes, recent earnings calls highlight the headwinds companies face: Executives cite ďsoftness in consumer spending,Ē a ďchallengingĒ climate, ďfairly stagnant economy,Ē...
  • (Vanity) Population and Jobs

    11/23/2014 7:40:35 PM PST · by grey_whiskers · 18 replies
    The velveted paws of grey_whiskers ^ | 11-23-2014 | grey_whiskers
    One of the laments of the Democrat has been that evil capitalists have been against ďworking familiesĒ (read: union labor) for the sake of profits; one example being the loss of jobs in manufacturing, or the destruction of the textile industry by shipping of jobs to lower-cost sites in Asia. The rejoinder of the right has been two-fold; first, that the union laborers priced themselves out of the market, and that many more jobs have been lost to mechanization and automation than to offshoring, and that the new knowledge jobs of the future depend on mathematics (e.g. designing and programming...
  • Falling inflation a worry for Europe but also the world

    11/23/2014 6:55:14 PM PST · by Tolerance Sucks Rocks · 51 replies
    Reuters ^ | November 23, 2014 | Ross Finley
    (Reuters) - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy. A sickly Europe has held back global economic growth for years, and now it is contributing significantly to powerful forces already dragging down inflation across the globe. A spectacular drop in crude oil prices over the past month will be the center of discussion when ministers from the world's top oil exporters meets in Vienna on Friday.
  • Effects of the Affordable Care Act on Economic Productivity

    11/23/2014 6:40:29 PM PST · by Jack Hydrazine · 6 replies
    "Imprimis" (Hillsdale College) ^ | NOV2014 | Casey Mulligan
    CASEY MULLIGAN, a professor of economics at the University of Chicago, received his Ph.D. in economics from the University of Chicago in 1993. He has been a visiting professor at Harvard University and Clemson University, and is affiliated with the National Bureau of Economic Research, the George J. Stigler Center for the Study of the Economy and the State, and the Population Research Center. He has written for the Chicago Tribune, the Chicago Sun-Times, the New York Times, and the Wall Street Journal, and is the author of three books, including Side Effects: The Economic Consequences of the Health Reform....
  • Investment & Finance Thread November Rally Progress Report

    11/23/2014 12:48:39 PM PST · by expat_panama · 15 replies
    Weekly investment & finance thread ^ | Nov. 23, 2014 | Freeper Investors
    Investment & Finance Thread November Rally Progress Report Great time for investing!†† Gold & silver have been recovering for a couple weeks now and a stock index rally is already in it's sixth week.†† What's next --can it last?† Pundits (as usual) are covering all sides, so anyone wanting to indulge their confirmation bias need only pick their favorite flavor op-ed: Downside ††††† Upside not de-sided † Falling inflation a worry for Europe but also the world Cramer Remix: Warning about Friday's rally Global Economy Weekahead - Falling inflation a worry for Europe but also the world (h/t Chgogal)...
  • Economics Profs Claim a Ninety Percent Income Tax Rate Would Help the Rich

    11/22/2014 5:45:04 PM PST · by SeekAndFind · 57 replies
    College Insurrection ^ | 11/22/2014 | Aleister
    It sounds like these professors graduated from the redistributive school of economics.Christopher White of the College Fix reports. Ninety percent income tax rate would help the rich, economics professors claim Opposing economist asks why disincentives in carbon tax wouldnít apply to income taxEconomists at the University of Pennsylvania and University of Bonn argue that the United States would be better off if well-heeled citizens paid the kind of high tax rates not seen since the Eisenhower administration.According to a working paper by Bonnís Fabian Kindermann and Pennís Dirk Krueger published by the National Bureau of Economic Research, going back...
  • The end of the line

    11/22/2014 1:24:03 AM PST · by Berlin_Freeper · 7 replies
    economist.com ^ | Nov 22nd 2014 | economist
    MALINA, a trendy restaurant in a city south of Moscow, was empty on a recent Thursday evening. ďA crisis,Ē the manager explained nervously. Some meat and fish dishes were missing. ďSanctions,Ē he added with a sigh. The signs of a country in the economic doldrums are visible in Moscow, too. Tour operators are going out of business; shops and small businesses are up for sale; LED displays outside bureaux de change send spirits sinking. Russiaís economy is teetering on the verge of recession. The central bank says it expects the next two years to bring no growth. Inflation is on...
  • Obama picks right state to sell immigration order

    11/21/2014 7:11:52 AM PST · by redreno · 3 replies
    http://www.reviewjournal.com ^ | 11/21/2014 | By LAURA MYERS
    President Barack Obama, whoís coming to Las Vegas today, picked the right state to sell his new executive order that will protect up to 5 million undocumented immigrants from being deported. More than 10 percent of Nevadaís workforce is living here illegally, the highest rate in the country and double the national average. Also, about one in five schoolchildren in the Silver State have at least one parent whoís an undocumented immigrant ó far more than any other state, according to the Pew Research Center. These adopted Nevadans are among the 11 million illegal immigrants who have been ďliving in...
  • DRAGHI: Inflation Must Rise Without Delay(the sky is falling, only inflation can save us)

    11/21/2014 1:30:29 AM PST · by TigerLikesRooster · 34 replies
    BI ^ | Nov. 21, 2014 | Mike Bird
    DRAGHI: Inflation Must Rise Without Delay Mike Bird ÔĀĶ ÔÖ§ European Central Bank boss Mario Draghi is speaking today at a banking conference in Frankfurt, and he has one central message: we have to bring inflation back up, now. It¬ís one of Draghi¬ís most forthright speeches, with one exceptional snippet: ¬ďIt is essential to bring back inflation to target and without delay.¬Ē Draghi added: ¬ďWe have to be very watchful that low inflation does not start percolating through the economy in ways that further worsen the economic situation.¬Ē You can take a look at the full text of the speech...
  • Most Legalized Illegals Will Have No Net Income-Tax Liabilities

    11/20/2014 9:24:09 PM PST · by 2ndDivisionVet · 37 replies
    The National Review's The Corner ^ | November 20, 2014 | Avik Roy
    President Obama says that his executive order will ensure that currently illegal immigrants will have to ďpay their fair share of taxes.Ē But the vast majority of undocumented aliens donít make enough in income to have a net income-tax liability. As I note in Forbes, a 2006 analysis by the Century Foundation, a progressive think tank, concludes that ďwe can be virtually certain that illegal immigrants earned less than $24,000 per year, on average, probably much less.Ē That amounts to around $29,000 in 2014 dollars, well below the threshold where an American has a net income-tax liability. Legalizing this population...
  • Illegals get a pay raise while current American workersí checks could get squeezed (12% wage jump)

    11/20/2014 9:00:08 PM PST · by 2ndDivisionVet · 15 replies
    The Washington Times ^ | November 20, 2014 | Stephen Dinan
    Illegal immigrants stand to make out nicely, seeing a big jump in their wages under President Obamaís policy, announced Thursday, granting millions of them temporary amnesty and the chance to work legally, but analysts say American workers in some jobs are likely to feel a pinch from new competitors. While most of the illegal immigrants to whom Mr. Obama granted tentative legal status were already under little fear of deportation, they were usually working in the shadows, either off-the-books or using a bogus Social Security number that trapped them in low-skilled jobs and left them vulnerable to abuse by unscrupulous...
  • The 8 Jobs In High Demand That Don't Require A College Degree

    11/20/2014 1:23:40 PM PST · by 2ndDivisionVet · 99 replies
    Forbes ^ | November 20, 2014 | Kathryn Dill
    (SLIDESHOW-AT-LINK)As the high demand for skilled labor continues to dominate conversations about hiring, some jobs that donít require a college degree remain open month after month, with few workers to fill them. This list, compiled by CareerBuilder with Economic Modeling Specialists Intl. showcases roles for which a college degree is not required and where the number of jobs posted by companies each month far exceeds the number of workers employers are able to hire. ďJob creation is gaining ground and job seekers are gaining leverage,Ē said Matt Ferguson, CareerBuilder CEO. ĒFor nearly 70 occupations in the U.S, the rate at...
  • Amnesty for illegals throws Black America off the bus

    11/20/2014 7:54:49 AM PST · by KeyLargo · 46 replies
    CDN Communites Digital News ^ | November 19, 2014 | Kevin Fobbs
    Amnesty for illegals throws Black America off the bus By Kevin Fobbs, Communities Digital News America's future. CLEVELAND, November 19, 2014 ó With the stroke of a pen, President Barack Obama will strip black Americans and their children of their economic civil rights and opportunities in favor of illegal alien immigrants. Obama has decided to turn back the clock on black Americansí hard-won rights by his planned executive order, set for 8 p.m., November 20. According to the New York Times, Obama will use his executive authority to provide work permits for up to five million people who are in...
  • Elizabeth Warren Polishes Her Class Warfare Rhetoric

    11/19/2014 7:51:33 PM PST · by 2ndDivisionVet · 37 replies
    PJ Tatler ^ | November 19, 2014 | Stephen Kruiser
    OkayyyyyyyÖ Elizabeth Warren, in her first major public speech since being elevated to the Democratic leadership in the Senate, slammed Republicans on education, job creation and other economic policies, warning Wednesday that ďthe American Dream is slipping out of reach.Ē ďWe must fight back with everything we have,Ē Warren told a gathering hosted by the Center for American Progress in Washington. ďThe game is rigged but we know how to fix it. We know what to do. We tested the Republican ideas and they failed. They failed spectacularly thereís no denying that fact.Ē As a science fiction fan, I have...
  • Obama Economy Leaves People Hungry: Underemployed seek meals from food banks

    11/18/2014 9:28:25 AM PST · by 2ndDivisionVet · 6 replies
    The Washington Free Beacon ^ | November 17, 2014 | Mary Lou Byrd
    Food banks across the country are reporting shortages as the holidays approach and the underemployed and the long-term unemployed are utilizing them to stave off hunger. Food bank lines continue to swell despite claims by the federal government that the economy is improving and increased spending on food stamps: Forty-six million Americans, or one in five, are now receiving food stamps. ďThe need continues to be strong. Even though the state level unemployment percent is low, this does not address the underemployed and long-term unemployed,Ē said Bruce Wilson, director of operations for the New Hampshire Food Bank. NHFB has already...
  • Japan's Biggest Problem Is Basically Unfixable

    11/19/2014 7:40:26 AM PST · by SeekAndFind · 90 replies
    Business Insider ^ | 11/19/2014 | Shane Ferro
    Japan's economy is in trouble. The latest GDP figures unexpectedly show it to be in recession. In the long term, this is largely a story about demographics, and Japan is fighting an uphill battle. One-fourth of Japan's population is older than 65, and that number isn't going down anytime soon. That means a shrinking percentage of the population is working. Meanwhile, a growing percentage of the population is receiving benefits, living on a fixed income, and being supported by that shrinking population of workers. No amount of loose monetary or fiscal policy will bring more working-age people into the economy...
  • Obamaís global-warming propaganda Down Under

    11/19/2014 5:14:26 AM PST · by Tolerance Sucks Rocks · 25 replies
    The Washington Times ^ | November 18, 2014 | Bob Carter and Tom Harris
    The focus of the 2014 Group of 20 summit meeting in Brisbane, Australia, was on stimulating economic growth across the industrialized world. Thanks, though, to President Obamaís grandstanding and attempted sabotage of the agenda as laid out by the host country, climate change also came to prominence. For several months prior to the G-20, and despite strong Australian resistance, radical environmental groups had been lobbying for inclusion of global-warming issues on the meetingís agenda. Mr. Obama was happy to oblige them. His endorsement of the U.S.-China Joint Announcement on Climate Change just before the G-20 was a signal that he...
  • Cruz Continues Fight for Internet Freedom

    11/18/2014 5:55:09 PM PST · by 2ndDivisionVet · 15 replies
    Amy Ridenour's National Center Blog ^ | November 17, 2014 | Amy Ridenour
    Senator Ted Cruz (R-TX) is continuing his fight to limit government interference into (and taxation of) the Internet, today releasing a compilation of comments he has received since his Washington Post op-ed and short video were released last week (you can watch the video here). Here's a few of many (emphases were added by me): "Sen. Ted Cruz got it right last week when he tweeted that Title II would be ObamaCare for the Internet." -- L. Gordon Crovitz, former Wall Street Journal publisher and author of the Wall Street Journal's Information Age column "Private Internet providers already compete with...
  • Keystone veto? White House ducks

    11/18/2014 12:22:13 PM PST · by Cincinatus' Wife · 24 replies
    The Hill ^ | November 18, 2014 | Justin Sink
    The White House on Tuesday sidestepped the question of whether President Obama would veto a Senate bill authorizing the Keystone XL pipeline. Asked repeatedly if the president would put the kibosh on the legislation, White House press secretary Josh Earnest would say only that he did not want to leave reporters with the "impression" the president was leaving his options open. "Iím not in a position to issue veto threats from here, but Ö there are similar pieces of legislation that have been introduced in this Congress where the presidentís senior advisers have recommended a veto," Earnest said. Earnest was...
  • Japan Is Dying And We Still Donít Get It?!

    11/18/2014 10:41:06 AM PST · by blam · 25 replies
    Market Oracle ^ | 11-18-2014 | Raul I Meijer
    November 18, 2014 Raul I Meijer What is it with us? Donít we WANT to understand? Japan announced on Monday that its economy is in hopeless trouble and back in recession (as if it was ever out). And what do we see? ĎExpertsí and reporters clamoring for more stimulus. But if Japan has shown us anything over the past years, and youíre free to pick any number between 2 and 20 years, itís that the QE-based kind of stimulus doesnít work. Not for the real economy, that is. The land of the setting sun has during that time thrown so...
  • World economy warning light on red

    11/18/2014 4:09:53 AM PST · by John W · 10 replies
    Associated Press via Fort Wayne Journal Gazette ^ | November 18, 2014 | Danica Kirka
    LONDON Ė The global economy's problems seem to be multiplying. Hours after the leaders of the world's 20 most developed economies sought to boost confidence by promising to increase global output by $2 trillion over five years, Japan said it had fallen into recession. That leaves the country Ė the world's third-largest economy Ė on a long and growing list of troubled economies. China is slowing as well, and Europe can't seem to take off. Among major economies, only the United States and Britain are growing at decent rates, and how long that lasts depends on how much trouble their...
  • White House taunts GOP on climate change: ĎI donít believe they can stop usí

    11/17/2014 12:37:17 PM PST · by Cincinatus' Wife · 62 replies
    Washington Times ^ | November 17, 2014 | Ben Wolfgang
    The White House on Monday essentially dared Republicans to try and stop President Obamaís climate-change agenda, with officials bragging that even after the GOP takes control of the Senate in January, there is nothing that can be done to stop a host of controversial new actions. On a conference call with reporters, White House counselor John Podesta said the administration will move ahead on the issue despite Republican efforts to stand in the way. He even called out incoming Senate Majority Leader Mitch McConnell by name, saying the Kentucky Republican will not succeed in trying to slow executive action on...
  • 24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy

    11/17/2014 11:28:21 AM PST · by SeekAndFind · 96 replies
    TEC ^ | 11/15/2014 | Michael Snyder
    Do you want to know why Millennials seem so angry? We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the "American Dream". We told them not to worry about accumulating very high levels of student loan debt because there would be good jobs waiting for them at the end of the rainbow once they graduated. Well, it turns out that we lied to them. Nearly half of all Millennials are spending at least half of their paychecks to pay off debt, more than 30 percent of...
  • Child homelessness at historic high in US (Thanks 0bama!)

    11/17/2014 7:40:05 AM PST · by Uncle Miltie · 41 replies
    The number of homeless children in the U.S. has surged in recent years to an all-time high, amounting to one child in every 30, according to a comprehensive state-by-state report that blames the nationís high poverty rate, the lack of affordable housing and the impacts of pervasive domestic violence. Titled ďAmericaís Youngest Outcasts,Ē the report being issued Monday by the National Center on Family Homelessness calculates that nearly 2.5 million American children were homeless at some point in 2013. The number is based on the Department of Educationís latest count of 1.3 million homeless children in public schools, supplemented by...
  • Halliburton buying Baker Hughes in $34.6B deal

    11/17/2014 7:53:25 AM PST · by deport · 40 replies
    Beaumont Enterprise/AP ^ | 11-17-2014 | JONATHAN FAHEY
    In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion.
  • Do the Most Hipster Thing PossibleóMove to Des Moines

    11/17/2014 7:00:53 AM PST · by 2ndDivisionVet · 21 replies
    National Journal ^ | October 16, 2014 | Matt Vasilogambros and Mauro Whiteman
    Ditch Brooklyn, millennials. The real place to be is Des Moines, a city with a blossoming culture scene, thriving start-ups, and urban beauty.(VIDEO-AT-LINK) DES MOINES, IowaóThis is too nice a place to spawn a war cry. But if the city had one, it would be the sentiment heard across a downtown populated by baristas, tech start-up founders, musicians, and nonprofit professionals alike: "It's Des Moines against the world." Young people here know what you think of this city. It doesn't need repeating. But ambitious minds are in the process of building a new Des Moines, a tech hub in Silicon...
  • Another Widening Gap: The Haves vs. the Have-Mores

    11/17/2014 5:22:02 AM PST · by 2ndDivisionVet · 14 replies
    The New York Times ^ | November 15, 2014 | Robert Frank
    Philip Rushton has been selling private jets to the global rich for more than three decades. In just about every economic cycle, sales of small jets and big jets tended to move together ó rising and falling with financial markets and fortunes of the wealthy. Now, however, the jet market is splitting in two. Sales of the largest, most expensive private jets ó including private jumbo jets ó are soaring, with higher prices and long waiting lists. Smaller, cheaper jets, however, are piling up on the nationís private-jet tarmacs with big discounts and few buyers. ďThe real demand is at...
  • Can Anarcho-Capitalism Work?

    11/17/2014 4:31:58 AM PST · by Pan_Yan · 22 replies
    Zero Hedge ^ | 11/16/2014 | Llewellyn Rockwell
    This talk was delivered at the Costa Mesa Mises Circle on Society Without the State, November 8, 2014. The term ďanarcho-capitalismĒ has, we might say, rather an arresting quality. But while the term itself may jolt the newcomer, the ideas it embodies are compelling and attractive, and represent the culmination of a long development of thought. If I had to boil it down to a handful of insights, they would be these: (1) each human being, to use John Lockeís formulation, ďhas a property in his own personĒ; (2) there ought to be a single moral code binding all people,...
  • WARNING Bank Deposits Will Soon No Longer Be Considered Money But Paper Investments

    11/16/2014 7:23:09 PM PST · by dontreadthis · 88 replies
    Economic Policy Journal ^ | NOVEMBER 13, 2014 | Kenneth Schortgen Jr
    This weekend the G20 nations will convene in Brisbane, Australia to conclude a week of Asian festivities that began in Beijing for the developed countries and major economies. And on Sunday, the biggest deal of the week will be made as the G20 will formally announce new banking rules that are expected to send shock waves to anyone holding a checking, savings, or money market account in a financial institution. On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding...
  • Americans think the unemployment rate is 32 percent

    11/16/2014 5:32:16 PM PST · by 2ndDivisionVet · 48 replies
    Vox ^ | November 15, 2014 | Danielle Kurtzleben
    The latest jobs report showed the unemployment rate was at its lowest level in six years, 5.8 percent. But Americans aren't convinced that things are nearly that good. In a recent Ipsos-MORI poll, 1,001 Americans were asked, "Out of every 100 people of working age, how many do you think are unemployed and looking for work?" Their average response was 32. That's almost 26 percentage points higher than the 6.1-percent jobless rate in August, when the poll was conducted. Americans are way, way off here. But they aren't alone. Here's how other countries' average estimated unemployment rates stack up to...
  • Will Republicans put climate science back on trial?

    11/16/2014 12:40:42 PM PST · by Cincinatus' Wife · 44 replies
    The Hill ^ | November 16, 2014 | Timothy Cama
    Senate Republicans appear likely to use their majority status in the next Congress to attack the science behind climate change in an attempt to undercut environmental policies. But some GOP strategists wonder whether such an offensive might backfire. Questioning ó and attempting to delegitimize ó climate scientists them has been an oft-used tactic of Sen. Jim Inhofe (R-Okla.), who is poised to reprise his role as chairman of the Environment and Public Works Committee. It was a hallmark of his 2003 to 2007 chairmanship of the panel ó and the following six years, when he was its ranking member. As...
  • Investment & Finance Week Ending Nov. 16, 2014 --NOTHING HAPPENED!!

    11/16/2014 10:11:33 AM PST · by expat_panama · 43 replies
    Weekly investment & finance thread ^ | Nov. 16, 2014 | Freeper Investors
    Investment & Finance Week Ending Nov. 16, 2014 --NOTHING HAPPENED!! Investor's Business Daily said it well with their headline: "Stocks Wrap Up Do-Nothing Week With More Small Gains".† For both S&P and NASDAQ this week's been tepid gains w/ falling volume†† Key question is whether we're looking at a top or not, and that's where analysts cite "quite volume" and "the distribution count remains low" (re "How To Tell An Uptrend In Stocks Is All But Over").† On the other hand (as they used to tell Truman) if we look at where we were a couple weeks into the...
  • G20 leaders reveal global growth plan to boost GDP by $2 trillion

    11/16/2014 5:13:57 AM PST · by TigerLikesRooster · 6 replies
    CTV ^ | November 15, 2014
    G20 leaders reveal global growth plan to boost GDP by $2 trillion The Associated Press Published Saturday, November 15, 2014 9:00PM EST Last Updated Sunday, November 16, 2014 1:45AM EST BRISBANE, Australia -- Leaders of the G20 nations finalized a plan Sunday to boost global GDP by more than $2 trillion over five years by investing in infrastructure and increasing trade. The communique issued at the conclusion of their summit in Brisbane, Australia says the leaders plan to jumpstart growth, in part, by creating a global infrastructure hub. The plan will purportedly help match potential investors with projects, and also...
  • Ukraine's Economy: Worse to Come

    11/15/2014 10:31:05 AM PST · by Bettyprob · 5 replies
    The Economist ^ | Nov 15th 2014
    The swooning economy is in desperate need of investment NINA KULIKOVA hid in her bathtub and cried when the war neared her home this summer in Sloviansk, a city in eastern Ukraine. A shell hit a neighbouring stairwell, shattering her windows and punching a crater in the middle of her apartment block. No one has come to rebuild 4 Bulvarnaya Street. Ms Kulikova has nowhere to go. Meanwhile, the prices of food, medicine and utilities have all spiked. Her husband collects bottles and cartons for recycling to make ends meet. A year of revolution and war has taken a grim...
  • Conflicts in New York City Parks as Homeless Population Rises

    11/14/2014 11:41:11 AM PST · by Theoria · 31 replies
    The New York Times ^ | 14 Nov 2014 | LISA W. FODERARO
    In Harlem River Park in Manhattan, homeless men can be seen sleeping on benches around the basketball courts and sprawled out on a soccer field by day, then hunkering under an overpass at night. In Brooklyn, dog owners in Fort Greene Park have had ugly confrontations with homeless people after their dogs woke them up in the early morning when they are allowed off-leash. And in the Bronx, there are so many homeless people in one small park, Devanney Triangle, that the community board and parks department are discussing the removal of all benches. After a decade in which the...
  • How far off is a Detroit style collapse of New York City?

    11/14/2014 8:55:42 AM PST · by Oldpuppymax · 27 replies
    Coach is Right ^ | 11/14/14 | Kevin "Coach" Collins
    In 1950 Americaís richest city was Detroit. Now it is nip and tuck with Cleveland as the nationís poorest city. Today, in order to get into the sixth wealthiest spot on the list, the once wealthy and powerful New York City must be lumped in with Northern New Jersey and Long Island. By comparison Detroit was clearly better off 65 years ago than New York City is today. In 1950 Detroit relied on the auto manufacturing industry to fuel its economy and ďSee the USA in your ChevroletĒ to keep the cars rolling off the assembly line. Sixty five years...
  • Giving up: 40% women, 28% men, 39% youth don't want a job

    11/14/2014 7:28:35 AM PST · by george76 · 56 replies
    Washington Examiner ^ | November 14, 2014 | Paul Bedard
    Nearly four in 10 Americans, or 92 million, are not in the labor force and now thereís a reason why: They have simply given up and donít want to work. According to the Bureau of Labor Statistics, the largest group of people not in the labor force are those who donít want a job, a remarkable statement on the nationís work ethic. The federal job counter said that 85.9 million adults last month didnít want a job, or 93 percent of all adults not in the labor force. ... Pew said that 39 percent of 16- to 24-year-olds donít want...
  • The Reason Small Businesses Are Disappearing, As Explained By A Small Business Owner

    11/14/2014 9:35:06 AM PST · by SeekAndFind · 25 replies
    Zero Hedge ^ | 11/14/2014 | Tyler Durden
    Confused why despite endless daily propaganda that the US economy is getting better - after all "just look at the record high S&P 500" - fewer and fewer Americans believe the narrative, as the Democrats and Obama found out the very hard way in last week's midterm elections? Then the following explanation written by the owner of a small business - the segment of the US economy that has historically led every single recovery but this time was left behind - should help answer some questions.The reason small businesses are disappearing written by a small business owner.I want to...
  • U.S. dollar will "get a lot stronger than anyone can imagine"

    11/14/2014 7:14:51 AM PST · by Minsc · 64 replies
    Yahoo Finance ^ | 11/14/2014 | Joanna Campione
    The U.S. dollar is on a roll. The dollar index, which measures its value versus a basket of other world currencies, is at a four-year high. John Mauldin, best-selling author and chairman of Mauldin Economics says, get used to it. Mauldin believes the dollar is going to keep rising and ďget a lot stronger than anyone can imagine.Ē He says, ďWe are going to be trading stronger against nearly every currency.ď In other parts of the world, currencies are slipping as the U.S. dollar strengthens. Central banks in Europe and Japan are shifting policies to fight slowing growth and fend...
  • Florida's job gains in October more than double those a year ago

    11/14/2014 6:38:48 AM PST · by SoFloFreeper · 6 replies
    Ft Lauderdale Sun Sentinel ^ | 11/12/14 | Marcia Heroux Pounds
    Florida added 20,050 private-sector jobs in October Ė more than doubling the 8,580 jobs gained in the same month a year ago, according to a regional employment report released Wednesday by payroll and human resources firm ADP.
  • Crude-oil prices continue to slide($73.45 per barrel)

    11/14/2014 2:28:23 AM PST · by TigerLikesRooster · 89 replies
    Market Watch ^ | Nov 14, 2014 | Eric Yep
    Crude-oil prices continue to slide By Eric Yep Published: Nov 14, 2014 3:22 a.m. ET Crude-oil futures continued to slide on Friday after sharp overnight losses that traders say has reinforced bearish market sentiment and potentially set the stage for further declines. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ4, +0.19% traded at $73.45 a barrel, down 76 cents, or 1.1%. January Brent LCOF5, +1.24% crude on Londonís ICE Futures exchange rose 61 cents to $78.10 a barrel.
  • CCP ďcontagionĒ fears spark derivatives debate

    11/13/2014 9:41:06 PM PST · by TigerLikesRooster · 13 replies
    banking technology ^ | 13 November, 2014 | Elliott Holley
    CCP ďcontagionĒ fears spark derivatives debate 13 November, 2014 Written by Elliott Holley Controversy over the handling of derivatives dominated talk at the Mondo Visione Exchange Forum this week, where panellists contested the value of interoperability and whether CCP contagion might bring down the financial system. ďRegulators should absolutely not allow interoperability for derivatives,Ē said Philip Simons, head of OTC derivatives business at Eurex Clearing. ďIt creates systemic risk. If one clearing house goes down, it would result in contagion as it would bring down all the others. CCPs are phenomenally under-capitalised. They could easily fall over.Ē Simons added that...
  • Texas Leads Best States For Future Job Growth

    11/13/2014 8:08:23 PM PST · by 2ndDivisionVet · 16 replies
    Forbes ^ | November 12, 2014 | Kurt Badenhausen
    Rick Perry ascended from Lieutenant Governor to Governor of Texas in December 2000 when then-governor George Bush resigned after being elected the 43rd President of the United States. Perry will retire in January with the tenth longest gubernatorial tenure in U.S. history. Perry made job creation one of his principle mantras, and he has overseen remarkable employment gains under his watch with 2.1 million jobs added during his tenure. The total represents 30% of the jobs added in the U.S. since 2000 and more than twice as many as any other state. The so-called ďTexas miracleĒ does not show any...
  • What Are The Odds In 2015: Inflation Or Deflation?

    11/13/2014 12:04:54 PM PST · by blam · 11 replies
    TMO ^ | 11-13-2014 | TCE
    The Cultural Economist Nov 13, 2014 TCE ( The Cultural Economist) writes: Like other Central Banks, the U. S. Federal Reserve has ďprintedĒ copious quantities of money. Despite better GDP numbers and positive media commentary, much of the American economy continues to be lethargic. The Eurozone appears increasingly vulnerable to recession. Financial and geopolitical risks could derail economic growth. What are the long term trends that will shape the outcome? The Case for Inflation Oil As I have documented several times, the rate of inflation is sensitive to the price we pay for a barrel of oil. Political turmoil in...