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Keyword: socialism

Brevity: Headers | « Text »
  • More than 20% of Americans Receive Welfare [semi-satire]

    05/30/2015 1:32:34 AM PDT · by John Semmens · 17 replies
    Semi-News/Semi-Satire ^ | 29 May 2015 | John Semmens
    According to the latest Census Bureau data, 21.3% of those living in America are receiving welfare benefits. This includes more than 41% of Blacks, more than 36% of Hispanics, more than 17% of Asians and more than 13% of whites. Health and Human Services Secretary Sylvia Burwell called it "a good start on the President's transformative agenda. Ideally, all output would be put into a common pot and doled out to individuals and families based on need. The notion that a person should be self-supporting is archaic. In another generation it will be completely replaced by an appreciation for the...
  • US ECONOMY SHRANK AT 0.7 PERCENT RATE IN FIRST QUARTER

    05/29/2015 5:47:11 AM PDT · by tellw · 113 replies
    AP ^ | 5/29/2015 | MARTIN CRUTSINGER
    WASHINGTON (AP) -- The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated. The Commerce Department says the overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period. The revised figure, even weaker than the government's initial estimate of a 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending. It marked the first decline since a 2.1 percent contraction in the first three months of...
  • The Bernie Sanders Save the Children Fund (Video Satire)

    05/28/2015 10:06:37 AM PDT · by RightGeek · 8 replies
    Reason TV ^ | Remy and Austin & Meredith Bragg
    Meet Hanna. Hanna wasn't always hungry – but then Old Spice released its Red Zone Aqua Reef Sweat Defense Solid. Now she’s starving. "You don't necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country." - Sen. Bernie Sanders Video at https://youtu.be/fspZiT8TdBE
  • More Americans clinically obese than ever - Mississippi named fattest state for second year running

    05/28/2015 7:29:21 AM PDT · by rickmichaels · 19 replies
    Daily Mail ^ | May 27, 2015 | Sophie Jane Evans
    More Americans are clinically obese than ever, a new study has revealed. Nearly a staggering 28 per cent of residents are now categorized as obese - making up an increasing proportion of the two-thirds of Americans who are overweight, the Gallup-Healthways poll shows. This means they are at a higher risk of developing heart disease, diabetes, high blood pressure, dementia, deep vein thrombosis, certain cancers, and a number of other medical conditions. It comes as Mississippi has taken the crown for the fattest U.S. state for the second year running, with a whopping 35.2 per cent of residents obese (down...
  • Fascism: Yours, Mine, and Ours

    05/28/2015 6:07:25 AM PDT · by OK Sun · 16 replies
    R.C. Sproul Jr. ^ | Friday, May 22, 2015 | R.C. Sproul Jr.
    [Embedded Audio (7:39)] Fascism is an economic system that marries the state to business, where business holds the title but state holds control. Transcript: Some of you, though I trust not all of you, are familiar with what we call “Godwin’s law.” This is a particular law which is born out of empirical study of the Internet and it holds that, given enough time, any and all internet arguments will eventually involve some side of the argument accusing the other side of the argument of either being like Hitler or of being a Nazi. The corollary to that is...
  • Obamacare's big overhead costs to top $270B

    05/27/2015 10:48:17 AM PDT · by Oldeconomybuyer · 20 replies
    CNBC ^ | May 27, 2015 | by Dan Mangan
    That sure is a lot of paper clips. Obamacare is set to add more than a quarter-of-a-trillion—that's trillion—dollars in extra insurance administrative costs to the U.S. health-care system, according to a new report out Wednesday. The $273.6 billion in additional insurance overhead represents an average of of $1,375 per newly insured person, per year, from 2012 through 2022. The overhead cost equals a whopping 22.5 percent of the total estimated $2.76 trillion in all federal government spending for the Affordable Care Act programs during that time, the authors of the report in the journal Health Affairs noted. In contrast, the...
  • The glaciers of Mount Everest could shrink dramatically due to global warming, study finds

    05/27/2015 9:01:05 AM PDT · by Oldeconomybuyer · 48 replies
    Washington Post ^ | May 27, 2015 | By Chris Mooney
    The iconic Mount Everest could see a major loss of its glaciers over the course of this century, according to a new scientific study that its chief author calls the “the first detailed modelling study of all glaciers in the Dudh Koshi basin in the Everest region of Nepal.” The paper, published Wednesday in the journal The Crocosphere, was authored by glacier researcher Joseph Shea and several colleagues from France and the Netherlands. “The biggest result here is that the glaciers in the basin, we find them to be more sensitive to temperature than anyone expected before,” says Shea. To...
  • Memo to Jeb Bush: denying human-caused global warming is ignorant

    05/27/2015 8:49:44 AM PDT · by Oldeconomybuyer · 13 replies
    Guardian UK ^ | May 27, 2015 | Dana Nuttitelli
    In a campaign event last week, Republican presidential frontrunner Jeb Bush exhibited Stage 2 climate denial. Unfortunately, denial of human-caused global warming may be a prerequisite for any viable Republican presidential candidate. Conservative and Tea Party Republicans are the one group of American voters among whom Stage 2 climate denial is the majority position, but they’re also the group that most reliably votes in GOP primary elections. Nevertheless, the scientific evidence supporting human-caused global warming is just as strong as the evidence linking smoking and lung cancer. Last year, the IPCC stated with 95% confidence that humans are the main...
  • Ask Venezuelans How Bernie Sanders-Style Socialism Is Working Out for Them

    05/27/2015 6:25:26 AM PDT · by SeekAndFind · 23 replies
    National Review ^ | 05/27/2015 | by Michelle Malkin
    Socialist genius Bernie Sanders has figured out what’s really ailing America. Our store shelves have too many different brands of deodorant and sneakers. Just look at all those horrible, fully stocked aisles at Target and Walgreens and Walmart and Payless and DSW and Dick’s Sporting Goods. It’s a national nightmare! If only consumers had fewer choices in the free market, fewer entrepreneurs offering a wide variety of products, and fewer workers manufacturing goods that people wanted, Sanders believes, we could end childhood hunger. Nobody parodies the far Left better than far-leftists themselves. In an interview with financial journalist John Harwood...
  • Bernie Sanders: A 90% tax rate sounds fine to me

    05/26/2015 1:11:58 PM PDT · by SeekAndFind · 61 replies
    Hotair ^ | 05/26/2015 | Jazz Shaw
    This week Vermont Senator and self-avowed socialist Bernie Sanders sat down with CNBC’s John Harwood for an interview on the issues facing all the 2016 candidates. Sanders is technically running for President, and is at least keeping up the public appearance of being serious. (He told Harwood, I think we got a shot to win this thing.) With that in mind, I suppose it’s worth taking a moment to examine some of his answers and remind everyone exactly what’s lurking under the covers of the deep left wing of the Democrats. While it may seem like a bit of...
  • Opinion: Capitalism is killing America’s morals, our future

    05/26/2015 7:48:22 AM PDT · by Oldeconomybuyer · 45 replies
    Market Watch ^ | May 26, 2015 | By Paul B. Farrell
    Yes, capitalism is working ... for the Forbes Global Billionaires whose ranks swelled from 322 in 2000 to 1,826 in 2015. Billionaires control the vast majority of the world’s wealth, 67 billionaires already own half the world’s assets; by 2100 we’ll have 11 trillionaires, while American worker income has stagnated for a generation. But for the vast majority of the world, capitalism is a failure. Over a billion live on less than two dollars a day. In his “Capital in the Twenty-First Century,” economist Thomas Piketty warns the inequality gap is toxic, dangerous. As global population explodes from 7 billion...
  • Businesses Quietly Switch To Dollar In Socialist Venezuela

    05/25/2015 3:02:17 PM PDT · by Aquamarine · 18 replies
    Associated Press ^ | May, 25,2015 | Hannah Dreier
    CARACAS, Venezuela (AP) -- It's still possible to buy a gleaming Ford truck in Venezuela, rent a chic apartment in Caracas, and snag an American Airlines flight to Miami. Just not in the country's official currency. As the South American nation spirals into economic chaos, an increasing number of products are not only figuratively out of the reach of average consumers, but literally cannot be purchased in Venezuelan bolivars, which fell into a tailspin on the black market last week. Businesses and individuals are turning to dollars even as the anti-American rhetoric of the socialist administration grows more strident. It's...
  • Michelle Obama addresses Oberlin College graduates

    05/25/2015 2:06:25 PM PDT · by Oldeconomybuyer · 30 replies
    CBS News ^ | May 25, 2015
    First lady Michelle Obama advised the 2015 graduates at Oberlin that they'll find a world of clamor and conflict that will beset them outside the protected lives they've led in college. And, she told them, they should embrace it. Outside that atmosphere of safety, what Obama referred to as four years of "thoughtful, respectful discussion, debate and late-night conversations," she posited that graduates might find themselves "a little dismayed by the clamor outside these walls: the name calling, the negative ads, the folks yelling at each other on TV." "Today I want to suggest that if you truly wish to...
  • Venezuela to Launch Subsidized Food Program for Teachers

    05/25/2015 12:39:53 PM PDT · by Oldeconomybuyer · 14 replies
    TeleSur TV ^ | May 24, 2015
    ​Venezuelan President Nicolas Maduro has announced new plans to create a subsidized food program for school teachers and other workers in the education sector. Maduro explained that the new program would benefit as many as 700,000 families of education workers, including the children of teachers and professors. The president added that his government is committed to ensuring all teachers are provided with a living wage. Earlier this week, Maduro approved a 50 percent increase in teacher salaries.
  • IRELAND’S ROAD TO SERFDOM

    05/24/2015 10:42:41 AM PDT · by NYer · 30 replies
    Breitbart ^ | May 23, 2015 | by BENJAMIN HARRIS-QUINNEY
    Two supposedly landmark political events have occurred on the island of Ireland this week.Both were greeted with an element of surprise and excitement and were hailed as great victories for the “progressive movement”, both were inevitable.The referendum in which Ireland supported Same Sex Marriage and a departure with Catholicism was not today, it was in 2009, when Irish people voted to ratify the Lisbon Treaty. They had to vote for a second time of course, their first answer being wrong, but that was the last scism of the defence of their religion and nationhood.The decision on both the Asher’s Bakery...
  • Candidate Says “Everything Will Be Free When I’m President” [semi-satire]

    05/24/2015 6:34:46 AM PDT · by John Semmens · 5 replies
    Semi-News/Semi-Satire ^ | 23 May 2015 | John Semmens
    Self-described socialist and candidate for the 2016 Democratic presidential nomination Vermont Sen. Bernie Sanders promised voters that “everything will be free when I’m president.” “In a country as rich as ours it is shameful that mere lack of money should block anyone from having all the good things of life,” Sanders said. “No one should be stigmatized by having to grovel to qualify for food stamps or be denied entry into college because they can’t afford it or don’t have good high school grades. Anyone who wants to eat should simply be permitted to take food from a grocery store...
  • *Ugh* Catholic Cardinal Pushes “Sustainable Development”

    05/23/2015 6:02:59 PM PDT · by ebb tide · 5 replies
    The Gateway Pundit ^ | May 22, 2015 | Patch Adams
    The current trend of combining religion, business, governments around the globe, and the radical Climate “church” should be concerning to anyone who values liberty. The dangers of Agenda 21’s push for worldwide Sustainable Development is well documented. Though the dangers of the radical green agenda have been trumpeted by many, including Glenn Beck, their warnings seem to have fallen on deaf ears even among those who surround the his holiness, the Pope. Catholic World reports that Catholic leaders recently held an international forum on economic growth and environmental sustainability in Rome. During the event Cardinal Wuerl made a disturbingly socialist...
  • Former UN Lead Author: Global Warming Caused By ‘Natural Variations’ In Climate

    05/22/2015 4:53:40 AM PDT · by Oldeconomybuyer · 24 replies
    The Daily Caller ^ | May 22, 2015 | by Michael Bastasch
    Global temperature change observed over the last hundred years or so is well within the natural variability of the last 8,000 years, according to a new paper by a former Intergovernmental Panel On Climate Change (IPCC) lead author. Dr. Philip Lloyd, a South Africa-based physicist and climate researcher, examined ice core-based temperature data going back 8,000 years to gain perspective on the magnitude of global temperature changes over the 20th Century. What Lloyd found was that the standard deviation of the temperature over the last 8,000 years was about 0.98 degrees Celsius– higher than the 0.85 degrees climate scientists say...
  • Minimum Wage? How About a Maximum Wage?

    05/21/2015 2:19:19 PM PDT · by Oldeconomybuyer · 17 replies
    The Huffington Post ^ | May 21, 2015 | by Jack Rothman
    I see that unions, led by the Service Employees International Union, are out in full force championing the $15 an hour minimum wage. Business leaders scoff at this. The average CEO earns just over 350 times as much as the work force below. Those executives need to come down from the stratosphere and breathe real air. If we truly want to make that happen, how about joining the new $15 minimum wage with a $15 million maximum income? Could CEOs somehow manage to subsist on that? I think so. And then all of us could live pretty comfortably and in...
  • Scientists: This is what it would take to keep the world super safe from global warming

    05/21/2015 1:03:42 PM PDT · by Oldeconomybuyer · 31 replies
    Washington Post ^ | May 21, 2015 | By Chris Mooney
    The world is busy trying to achieve a global warming goal that some think we’re not on course to achieve, and that some scientists worry may not be enough to prevent some troubling scenarios — like significant sea level rise. That goal is limiting warming to 2 degrees Celsius above pre-industrial levels. But there’s another view, embraced by many countries (which tend not to be the big emitters), suggesting that a safer target involves limiting global warming to just 1.5 degrees C. Yet that target would be still tougher to achieve, finds a new paper in Nature Climate Change that...
  • Price worries persist for Obamacare market plans

    05/21/2015 11:25:16 AM PDT · by Oldeconomybuyer · 12 replies
    CNBC ^ | May 21, 2015 | by Dan Mangan
    The price is still wrong for too many health insurance customers. Nearly half of all people with individual health insurance plans this year said it's "very" or "somewhat" difficult for them to afford their monthly premiums. The vast majority of Obamacare exchange customers receive a discount on their monthly premiums as a result of subsidies they are issued. Despite that, among individuals with both subsidized and nonsubsidized coverage, "You've got a substantial share saying it's not a great value for the money," said Liz Hamel, director of Kaiser's Public Opinion and Survey Research team. About four in 10 people surveyed...
  • In need of assistance in debate about Socialism

    05/21/2015 10:57:10 AM PDT · by youngphys01 · 106 replies
    So I am in a debate with colleagues about the future of capitalism and socialism and they are claiming that with the rise of automation, capitalism will fail as an economic system and the only way to prevent mass starvation and severe poverty i to implement all of the socialist ideas of Obama, Elizabeth Warren, Nancy Pelosi and others and do it now. The idea is that with the rise of automation technology, any job that depends on manual labor and repetitive actions will simply be gone and tons of construction and other jobs will disappear. And so there will...
  • Obama tells Coast Guard grads climate change threatens U.S

    05/21/2015 6:24:48 AM PDT · by Enlightened1 · 47 replies
    NEW LONDON, Conn. (Reuters) - Rising seas and thawing permafrost caused by warmer global temperatures threaten U.S. military bases and will change the way the U.S. armed services defend the country, President Barack Obama said on Wednesday. In a commencement address at the United States Coast Guard Academy, Obama underscored the risks to national security posed by climate change, one of his top priorities for action in his remaining 19 months in office. "The threat of a changing climate cuts to the very core of your service," Obama told the 224 graduating cadets, who studied the impacts of global warming...
  • The Rise of Democracy, and the Fall of the Electoral College

    05/21/2015 6:34:48 AM PDT · by Sean_Anthony · 10 replies
    Canada Free Press ^ | 05/21/15 | Douglas V. Gibbs
    The progressive era, fueled by the Fabians, worked to take away more of the voice of the States, and move America towards pure democracy James Madison wrote five times in his essays of the Federalist Papers that we are a republic, and then explained what a republic is. He believed this to be necessary not only so that the Constitution may be properly understood, but because in their argument against the Constitution, the statists of the era were trying to convince the people that a republic, and a democracy, are the same thing. Democracy, in reality, is a transitional form...
  • Court Won't Exempt Notre Dame From Birth Control Provision

    05/20/2015 4:13:38 PM PDT · by Oldeconomybuyer · 25 replies
    ABC News ^ | May 20, 2015 | By TOM COYNE
    A federal appeals court has rejected the University of Notre Dame's request to temporarily be exempt from a provision in the Affordable Care Act that requires the Catholic school's insurance providers to cover the costs of contraceptives for students and staff. The 7th U.S. Circuit Court of Appeals ruled 2-1 on Tuesday that an exemption provided by President Barack Obama's administration allows Notre Dame to avoid directly paying for contraceptives, and therefore doesn't force the school to violate its religious beliefs. Notre Dame contends that the law forces it to violate Catholic doctrine, which bars most forms of birth control,...
  • GOP prepared to terminate socialist ExIm Bank. Will Boehner stab caucus in the back?

    05/20/2015 10:37:17 AM PDT · by ghost of stonewall jackson · 21 replies
    Politico ^ | 5/20/15 | Lauren French
    House conservatives are declaring victory in their yearslong quest to kill an obscure government bank — and Speaker John Boehner may soon face a choice whether to team up with Democrats to save it. Republican hard-liners predicted Tuesday they have the votes to stop a reauthorization of the Export-Import Bank — a government agency that has come under fire from conservatives who argue it amounts to a free market-distorting handout — over the protest of powerful Republican business interests. The bank’s charter is set to expire at the end of June. The emphatic statements of Hensarling and other House conservatives...
  • The Slow Death of Common Core

    05/20/2015 7:24:47 AM PDT · by Sean_Anthony · 23 replies
    Canada Free Press ^ | 05/20/15 | Al Caruba
    Common Core teaches collectivism—socialism—and degrades various elements of education from math to English to science Think about the major policy undertakings of the Obama administration over the past six and a half years. It began with a “stimulus” that wasted trillions in the quest of generating jobs, but did little to nothing in achieving that goal. That was followed by ObamaCare which most agree has been a disaster for the nation’s healthcare sector and, finally, Common Core, a one-size-fits-all testing program intended, we were told, to improve learning standards in the nation’s schools. The only thing it has achieved is...
  • Obama: Climate change ‘serious threat to global security’

    05/20/2015 5:40:55 AM PDT · by Cincinatus' Wife · 19 replies
    The Hill ^ | May 20, 2015 | Timothy Cama
    President Obama will use a Wednesday speech to highlight his view that climate change is one of the most significant military threats to the United States and the world. Obama will argue in his address to graduates at the United States Coast Guard Academy that the fight against climate change is a fight for global peace and against the conflicts that lead to war, the White House said in a preview of his remarks. “I am here today to say that climate change constitutes a serious threat to global security, an immediate risk to our national security, and, make no...
  • Poll: Americans want socialism and repeal of federal laws

    05/19/2015 4:20:43 PM PDT · by Oldeconomybuyer · 34 replies
    Pravda ^ | May 19, 2015
    According to the results, 60 percent of Americans believe the nation is on the wrong path. The Princeton Survey Research Associates International underlined that 52 percent of those who identified as Democrats, said they had a favorable view of socialism. 33 percent of Independents shared the view. Among other highlights of the survey, Obama's foreign policy is approved by only 37 percent of Americans and not even one in five like the job Congress is doing. Noteworthy, that fifty percent of Americans say they're open to allowing states to repeal federal laws if half or more of the states, representing...
  • Obamacare's special enrollments draw little interest

    05/19/2015 3:44:05 PM PDT · by Oldeconomybuyer · 4 replies
    CNBC ^ | May 19, 2015 | by Dan Mangan
    Many were called. Few chose to respond. The federal Obamacare insurance marketplace HealthCare.gov signed up 147,000 people in 36 states during a special tax season enrollment period, officials revealed Tuesday. HealthCare.gov issued the final tally via Twitter rather than a press release or news call that Obama administration officials have previously used to announce other numbers and results. In all, it appears fewer than 250,000 people signed up nationally. In Hawaii, no people—as in zero—signed up during the special tax season enrollment.
  • Los Angeles Raises Minimum Wage to $15 an Hour

    05/19/2015 2:48:15 PM PDT · by Oldeconomybuyer · 64 replies
    New York Times ^ | May 19, 2015 | By JENNIFER MEDINA
    LOS ANGELES — The nation’s second-largest city voted on Tuesday to increase its minimum wage to $15 an hour by 2020 from the current $9 an hour, in what is perhaps the most significant victory so far in the national push to raise the minimum wage. The increase — which the Los Angeles City Council passed in a 14-1 vote — comes as workers across the country are rallying for higher wages. The impact is likely to be particularly strong in Los Angeles, where, according to some estimates, more than 40 percent of the city’s work force earns less than...
  • Watch: Michelle’s Race-Baiting Shredded By Black Guy Who Gives Her A Must-See History Lesson

    05/19/2015 5:53:10 AM PDT · by KeyLargo · 25 replies
    Western Journalism ^ | May 18, 2015 | B. Christopher Agee
    Watch: Michelle’s Race-Baiting Shredded By Black Guy Who Gives Her A Must-See History Lesson VIDEO B. Christopher Agee May 18, 2015 at 2:32pm In a recent installment of Zonation, host Alfonzo Rachel reacted to Michelle Obama’s recent commencement address at Tuskegee University. As Western Journalism reported, the first lady used the forum to spread a message of victimhood among black graduates. “I’m disappointed that the students at Tuskegee University didn’t get up and walk out on Michelle Obama’s speech,” Rachel said. “It’s like the graduates spent all that time at the college and didn’t learn anything worth a hard donut.”
  • Suppose you're wealthy. Do you feel SAFER knowing most people are dopes?

    05/18/2015 5:19:51 PM PDT · by BruceDeitrickPrice · 16 replies
    Religion.rantrave ^ | April 27, 2015 | Bruce Deitrick Price
    More and more, I see that this is the essential question. There are definitely people at the top of this society working together so that the average person is kept illiterate and ignorant. Why? Obama talks about students being made career-ready and college-ready. This is laughable. We have millions of students who are being made welfare-ready. The statistics show that half the kids in eighth grade are not reading at a "proficient" level. In other words, they can read a McDonald's menu and that's about it. Ask yourself the obvious question. If the school system were serious about educating children,...
  • Health Law Tax Passed Along to States

    05/18/2015 3:41:04 PM PDT · by Oldeconomybuyer · 4 replies
    New York Times ^ | May 18, 2015
    There's more than a touch of absurdity in the way an industry fee in President Barack Obama's health care law is being passed along to state taxpayers. As Alice in Wonderland might say, a curious tax just got curiouser. The burden to states could mount to $13 billion in less than a decade. The Health Insurance Providers Fee was aimed at insurance companies. The thinking went: Because insurers would gain a windfall of customers, they ought to help pay for the expansion of coverage. Insurers say they have raised prices for individuals and small businesses to cover the new tax....
  • State governments lament that citizens are actually getting health coverage

    05/18/2015 3:19:05 PM PDT · by Oldeconomybuyer · 22 replies
    Los Angeles Times ^ | May 18, 2015 | by Michael Hiltzik
    One of the more bizarre spectacles of U.S. government in the modern age is the sight of political leaders complaining that a public program is actually working. In many states that expanded Medicaid and even some that rejected expansion under the Affordable Care Act, enrollment has significantly exceeded projections. To some political leaders, for some reason, this is supposed to be a bad thing. Some Republican governors are in effect calling it "an 'I told you so' moment". In Michigan, for instance, first-year enrollment was projected at 323,000, but enrollment topped out at 605,000. Illinois expected 199,000, and has ended...
  • Top economist: Americans have 'contempt for liberty' [Proverbs 30]

    05/18/2015 2:14:11 PM PDT · by Jan_Sobieski · 7 replies
    World Net Daily ^ | 5/17/2015 | GREG COROMBOS
    Famed economist and columnist Walter Williams says America has embraced the government thievery of personal property to benefit others, and he says the politicians are only doing what the voters want them to do. Williams is a distinguished professor of economics at George Mason University. He is a syndicated columnist and has substituted for talk-show host Rush Limbaugh. His new book, a collection of his conservative-to-libertarian columns, is titled “American Contempt for Liberty.” The title may sound a bit harsh, but Williams insists that’s exactly what’s happening in this country. “The average American thinks that it is indeed moral for...
  • Subsidizing and price fixing us into the poorhouse

    05/18/2015 4:58:07 AM PDT · by HomerBohn · 9 replies
    Personal Liberty ^ | 5/18/2015 | Bob Livingston
    The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.” — Henry Hazlitt, “Economics in One Lesson” One of the greatest fallacies of recent generations is the argument that free market capitalism has failed and that said failure is responsible for America’s moribund economy, the ongoing destruction of the middle...
  • Mark Twain & Helen Keller’s Special Friendship: He Treated Me Not as a Freak, But...

    05/15/2015 1:08:06 AM PDT · by 9thLife · 24 replies
    "Open Culture" ^ | 5/13/15 | "Josh Jones"
    Mark Twain & Helen Keller’s Special Friendship: He Treated Me Not as a Freak, But as a Person Dealing with Great Difficulties Sometimes it can seem as though the more we think we know a historical figure, the less we actually do. Helen Keller? We’ve all seen (or think we’ve seen) some version of The Miracle Worker, right?—even if we haven’t actually read Keller’s autobiography. And Mark Twain? He can seem like an old family friend. But I find people are often surprised to learn that Keller was a radical socialist firebrand, in sympathy with workers’ movements worldwide. In a...
  • Majority of businesses taking steps to avoid ObamaCare tax

    05/14/2015 3:18:32 PM PDT · by Oldeconomybuyer · 12 replies
    The Hill ^ | May 14, 2015 | By Sarah Ferris
    Nearly two-thirds of companies facing a new ObamaCare tax say they are changing their coverage to avoid the extra costs, according to a new survey. The so-called Cadillac tax, which applies to healthcare plans above a certain expense threshold, is one of the most pressing changes still to come under ObamaCare. Only 2.5 percent of companies that would be hit by the Cadillac tax starting in 2018 said they plan to pay the tax. A total of 62 percent of companies said they have already taken action or plan to take action to avoid it. Most say they are shifting...
  • Venezuelan currency tanks; inflation seen near 100%

    05/14/2015 3:09:53 PM PDT · by Oldeconomybuyer · 29 replies
    CNBC ^ | May 14, 2015 | by Katy Barnato
    Venezuela's black market exchange rate weakened below a key level on Thursday, as the bolivar's decline steepened in the face of hyperinflation and a rapidly shrinking economy. Over the past couple of years the value of the currency has plummeted against the dollar to its present 300 bolivar level. In 2012, a dollar would get you 10 bolivars, according to unofficial exchange rates. By the time President Nicolas Maduro was inaugurated in April 2013, it was 24 bolivars to the dollar and by this January it was at 173. This black market rate of 300.72 on Thursday was almost 50...
  • Climate change: New claims 'murky' global warming statistics are 'guessed at'

    05/14/2015 2:59:26 PM PDT · by Oldeconomybuyer · 13 replies
    Express UK ^ | May 14, 2015 | By LEVI WINCHESTER
    CLIMATE CHANGE expert Dr Benny Peiser has claimed some surface temperature recordings used as the basis for global warming evidence are GUESSED AT – including in the Arctic and Antarctic. The Global Warming Policy Foundation (GWPF), chaired by former Conservative chancellor Nigel Lawson, has recently launched an inquiry into the reliability of global surface temperature records, with a group of international "eminent climatologists, physicists and statisticians" set to probe current data. With different sets of results appearing to conflict each other, the GWPF say they have received questions and concerns about which records are accurate and why some adjustments in...
  • Oakland to halt school suspensions for willful defiance

    05/14/2015 2:03:46 PM PDT · by Oldeconomybuyer · 30 replies
    San Francisco Chronicle ^ | May 14, 2015 | By Jill Tucker
    Mouthing off in class or failing to follow a teacher’s instructions will no longer lead to suspension in Oakland schools, a ban that will be phased in and be fully in effect just over a year from now, the school board unanimously decided Wednesday night. Oakland Unified will become one of a handful of California school districts that restrict suspensions to more serious offenses and eliminate the punishment for willful defiance — a broad category of misbehavior that includes minor offenses such as refusing to take a hat off or ignoring teacher requests to stop texting and more severe incidents...
  • Mercury News editorial: California must raise Medi-Cal reimbursement rates

    05/13/2015 3:26:25 PM PDT · by Oldeconomybuyer · 20 replies
    San Jose Mercury News ^ | May 13, 2015 | Editorial Board
    California is serving as the national model for President Barack Obama's health care reforms, but that won't continue unless the state does something about its abysmal Medi-Cal reimbursement rates for doctors and hospitals caring for the 12 million Californians with Medi-Cal coverage. Gov. Jerry Brown has a golden opportunity to fix the problem Thursday when he unveils his May revised budget plan. But don't hold your breath. It's becoming increasingly clear that the influx of 2.7 million Californians to the Medi-Cal roles is putting a strain on the state's medical system. The low reimbursement rates provide a disincentive for physicians...
  • YOUNG AMERICANS GOING GAGA FOR SOCIALISM [Reagan Warned Us]

    05/13/2015 2:31:25 PM PDT · by Jan_Sobieski · 63 replies
    World Net Daily ^ | 5/13/2015 | CHERYL CHUMLEY
    Ask youth and Democrats in America what they think of socialism and a growing number will answer in the positive, pointing to Norway, Sweden and self-declared socialist Sen. Bernie Sanders as their examples, a new survey showed. YouGov conducted a survey of how Americans these days are viewing socialism, and the perception has greatly changed since Moscow Red Square military-parade days. In general, 52 percent of Americans say they have a favorable view of capitalism and 26 percent, a favorable perception of socialism. But those numbers change dramatically with the younger set. For those in the under-30 range, “36 percent...
  • Business damage from Baltimore riot estimated at $9M

    05/13/2015 1:20:49 PM PDT · by Oldeconomybuyer · 44 replies
    The Baltimore Sun ^ | May 13, 2015 | By Yvonne Wenger
    Damage is estimated at $9 million for the destruction of hundreds of businesses and two homes during the recent unrest in Baltimore — with at least 30 sustaining major damage, according to information released Wednesday. The Small Business Administration estimated the damaged at about $8.9 million to 284 business and $60,000 to two houses, officials told The Baltimore Sun. U.S. Sen. Barbara A. Mikulski, along with other Maryland Democrats, called for Small Business Administration to assist with the creation of disaster centers in the city and a plan to inform business owners who are eligible for benefits about how to...
  • Amtrak crash shows the high cost of ignoring infrastructure

    05/13/2015 10:42:40 AM PDT · by Oldeconomybuyer · 76 replies
    Market Watch ^ | May 13, 2015 | By Rex Nutting
    America is crumbling before our eyes. Once, the U.S. was the envy of the world with its modern roads, airports, railroad bridges and other infrastructure. Everything was first-class. Now, it’s third-rate. An Amtrak passenger train derailed Tuesday in Philadelphia, killing at least seven passengers. The investigation into the crash is only beginning, and it’s too early to say what caused it. But it’s not too early to say that Amtrak’s crumbling infrastructure didn’t help matters. “It’s an extremely heavily used stretch of track,” transportation analyst Matthew L. Wald told CNN, referring to the area where the train derailed Tuesday night....
  • Amid slower growth, California's Obamacare exchange cuts proposed spending

    05/13/2015 7:02:56 AM PDT · by Oldeconomybuyer · 1 replies
    Los Angeles Times ^ | May 13, 2015 | by Chad Terhune
    After using most of $1 billion in federal start-up money, California's Obamacare exchange is preparing to go on a diet. That financial reality is reflected in Covered California's proposed budget, to be released Wednesday, as well as a reduced forecast calling for 2016 enrollment of fewer than 1.5 million people. A number of factors contributed to the shortfall, but health policy experts said that some uninsured folks still find health insurance unaffordable despite the health law's premium subsidies.
  • Obama Administration Tries To Blackmail States Into Expanding Obamacare

    05/13/2015 6:51:56 AM PDT · by Oldeconomybuyer · 6 replies
    Forbes ^ | May 13, 2015 | By Jonathan Ingram and Josh Archambault
    The Obama administration has worked for years to lure states into accepting Obamacare’s Medicaid expansion under the false promise of “flexibility.” Despite its best efforts, 21 states have rejected the expansion. And at least two states that previously expanded Medicaid under Obamacare are looking to turn back the clock and draw down their Medicaid expansions in 2016. The Obama administration is desperate for a national leader like Florida to expand Obamacare, hoping it will set off a chain reaction to convince leaders in other states to fall in line. So, frustrated with its lack of success in convincing conservatives to...
  • Global warming and unforced variability: Clarifications on recent Duke study

    05/13/2015 6:37:18 AM PDT · by Oldeconomybuyer · 15 replies
    RealClimate.org ^ | May 13, 2015 | by Patrick Brown and Wenhong Li
    We recently published a study in Scientific Reports titled Comparing the model-simulated global warming signal to observations using empirical estimates of unforced noise. Our study seemed to generated a lot of interest and we have received many inquires regarding its findings. We were pleased with some of coverage of our study but we were disappointed that some outlets published particularly misleading articles. In our study, we created an alternative statistical estimate of unforced variability that was derived from reconstructed and instrumental surface temperature records corrected for external forced changes. We then used this new estimate of unforced variability to aid...
  • Record Antarctic sea ice a logistic problem for scientists

    05/12/2015 4:00:51 PM PDT · by Oldeconomybuyer · 37 replies
    Economic Times ^ | May 12, 2015 | By AFP
    SYDNEY: Growing sea ice surrounding Antarctica could prompt scientists to consider relocating research stations on the continent, according to the operations manager of the Australian Antarctic Division. Tony Worby, from an Australian centre studying Antarctic climate and ecosystems, said that in contrast to the Arctic where global warming is causing ice to melt and glaciers to shrink, sea ice around Antarctica was increasing. Rob Wooding said that resupplying Australia's Mawson Station -- the longest continuously operated outpost in Antarctica -- relied on access to a bay, a task increasingly complicated by sea ice blocking the way. "In the 2013-4 season...