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Keyword: unexpected

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  • HHS: Bailing out Obamacare insurers an 'obligation' of the federal government

    11/21/2015 4:19:33 AM PST · by SkyPilot · 68 replies
    Washtington Examiner ^ | 20 Nov 15 | Philip Klein
    The Department of Health and Human Services attempted to reassure private insurers on Thursday that they'll be able to recover losses from participating in Obamacare by claiming it was an "obligation" of the U.S. government to bail them out. At issue is a provision within the law known as the risk corridors program. Under the program, which runs from 2014 through 2016, the federal government is to collect money from health insurers doing better than expected and use those funds to provide a federal backstop to other insurers who incur larger than expected losses from rising medical claims. The idea...
  • New ObamaCare angst as top insurer threatens to bail - payout to insurers is .13 on every $1.00

    11/20/2015 3:56:44 AM PST · by Cincinatus' Wife · 59 replies
    The Hill ^ | November 20, 2015 | Sarah Ferris
    A threat by the nation's largest health insurer to pull out of ObamaCare is a sign of the industry's growing angst about the viability of the federal exchanges, sources close to the industry say. UnitedHealthcare's warning sent new shockwaves across the healthcare sector after weeks of mounting anxiety among private insurers whose participation in the exchanges is critical to the viability of the president's signature law. In the last month alone, insurers have learned that the Obama administration has significantly lowered its expectations for new customers and will have far fewer federal dollars to help cushion insurer losses. "We've been...
  • China's trade drops well below expectations in October

    11/08/2015 7:56:15 AM PST · by Lorianne · 2 replies
    Reuters ^ | 08 November 2015
    October exports fell 6.9 percent from a year ago, dropping for a fourth month, while imports slipped 18.8 percent, leaving the country with a record high trade surplus of $61.64 billion, the General Administration of Customs said on Sunday.
  • Global Trade Is Collapsing As The Worldwide Economic Recession Deepens

    10/20/2015 11:08:42 AM PDT · by Perseverando · 10 replies
    The Economic Collapse ^ | October 19, 2015 | Michael Snyder
    When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down. It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers are more difficult to fudge. Today, China accounts for more global trade than anyone else on the entire planet, and we have just learned that Chinese exports and Chinese imports...
  • Forget the debate: Two simple reasons a Republican will likely win in 2016

    10/14/2015 9:26:55 AM PDT · by wright2bear · 78 replies
    Reuters ^ | October 14, 2015 | Clifford Young and Julia Clark
    Elections are not mysterious events subject to the whimsy of unpredictable candidates and voters. They’re actually highly predictable, with a set of variables that influence outcomes in familiar ways. Because of that, we can say, with reasonable confidence, that a Republican will be moving into the White House in 2017.
  • Exports down to record low in Germany

    10/08/2015 11:13:11 AM PDT · by Lorianne · 13 replies
    Deutsche Welle ^ | 08 October 2015 | gb/ca, dpa/afpd
    German exports for the month of February have plummeted to their lowest level since 1950, following a similar decline in January. The drop means Europe's largest economy will contract more than expected. According to the latest figures published on Wednesday by the Federal Statistics Office, exports fell 23.1 percent to just under 65 billion euros in February, compared to the same period last year. This follows a similarly precipitous drop of 23.2 percent in January. The two-month decline is the worst since World War II. Imports also dropped 16.4 percent to 56.2 billion euros compared to a year ago. The...
  • Boosted by nuke deal, Iran ups funding to Hezbollah, Hamas

    09/21/2015 2:59:59 PM PDT · by detective · 10 replies
    The Times of Israel ^ | September 21, 2015 | Avi Issacharoff
    On Sunday, the director of the International Atomic Energy Agency, Yukiya Amano, arrived in Iran for talks on the nuclear agreement, as part of what appears to be an attempt by the UN nuclear watchdog to evaluate whether Iran ran a military nuclear program in the past.
  • 'Surprising' Uptick in Unaccompanied Children Crossing Border in August, White House Says

    09/21/2015 1:09:38 PM PDT · by BenLurkin · 12 replies
    ABC ^ | Sep 21, 2015, 3:25 PM ET | Jim Avila and Serena Marshall
    There has been a spike in the number of people illegally crossing the Southwestern US border in August, including a significant uptick in unaccompanied children, ABC News has learned. ... “We have the month of August, a surprising uptick, and it still is below -- far below the levels that we saw at the peak last year," White House Press secretary Josh Earnest said. "In August, the numbers decline because of the weather patterns. Instead, we saw a -- an increase. So that is something that is concerning.”
  • U.S. Existing Home Sales Down 4.8% in August

    09/21/2015 7:48:02 AM PDT · by BenLurkin · 6 replies
    NASDAQ ^ | September 21, 2015 | David Harrison and Jeffrey Sparshott
    WASHINGTON --The pace of home sales slowed sharply last month, a possible sign that rising prices are causing homebuyers to pull back. The pace of existing home sales fell 4.8% last month from July to a seasonally adjusted rate of 5.31 million, the National Association of Realtors said Monday. That was the largest month-to-month decline since January, when sales fell 4.9%. Sales for July were revised down slightly to 5.58 million from 5.59 million. ... On Thursday, Federal Reserve Chairwoman Janet Yellen noted the improvements in the housing market although she added the market is nowhere near its pre-recession levels....
  • Canada: The Spanish Inquisition Makes a Comeback

    09/15/2015 3:43:38 AM PDT · by markomalley · 18 replies
    Gatestone Institute ^ | 9/15/15 | Douglas Murray
    Some readers will remember the disputes during the last decade when the journalists were hauled before the farcical "Human Rights Commissions" of Canada and asked to explain why they had ever said anything that the state commissars did not agree with. Best of all is that the members of the Commission do not have to wait for anybody to complain to them before they act. The Commission is allowed to head out all by itself and search for things that are offensive. One must wonder whether it may just – wholly unforeseeably – be a government department which continuously...
  • Iran Says Finds Unexpectedly High Uranium Reserve

    09/12/2015 5:02:20 AM PDT · by edpc · 60 replies
    Reuters via Yahoo News ^ | 12 Sept 2015 | Reuters
    DUBAI (Reuters) - Iran has discovered an unexpectedly high reserve of uranium and will soon begin extracting the radioactive element at a new mine, the head of Iran's Atomic Energy Organization said on Saturday.
  • Jobless Claims Unexpectedly Rise, Labor Market Strengthens

    08/14/2015 6:37:30 AM PDT · by SeekAndFind · 31 replies
    HNGN ^ | 08/14/2015 | By Jelani James
    U.S. jobless claims rose again for a third straight week but the numbers still indicated that the labor market was still strengthening. The amount of Americans filing for unemployment benefits unexpectedly rose again from the predicted 270,000 last week, but the numbers are still indicative of a strengthening labor market, the government said Thursday. Initial jobless claims, cited when assessing the pace of layoffs, increased by 5,000 to 274,000 for the week ended Aug. 8, the Labor Department revealed Thursday, reported Reuters. Claims for the previous week were adjusted to show 1,000 fewer applications than previously reported. Even though claims...
  • China Stuns Financial Markets By Devaluing Yuan For Second Day Running

    08/12/2015 1:47:45 PM PDT · by Lorianne · 23 replies
    Guardian UK ^ | 12 August 2015 | Phillip Inman and Fergus Ryan in Beijing
    China stunned the world’s financial markets on Wednesday by devaluing the yuan for the second day running, sparking fears that the world’s second largest economy is in worse shape than investors believed. The currency hit a four-year low on Wednesday after the People’s Bank of China set the yuan’s daily midpoint even weaker than in Tuesday’s devaluation. With the bank having said that Tuesday’s move was a “one-off depreciation”, the rapid drop in the value of China’s currency – around 4% in the last two days – dealt a blow to appetite for risky assets, and markets across the region...
  • U.S. factory activity dips; consumer spending cools

    08/03/2015 1:18:48 PM PDT · by BenLurkin · 7 replies
    reuters ^ | Mon Aug 3, 2015 2:02pm EDT | Lucia Mutikani
    The Institute for Supply Management said its national factory activity index fell to 52.7 last month from a reading of 53.5 in June. A reading above 50 indicates expansion in the manufacturing sector. A gauge of new orders received by factories rose to a seven-month high, while inventories continued to decline. There was growth in 11 of the 18 manufacturing industries, including furniture, fabricated metal products, electrical equipment, appliances and components, and transportation equipment. Five industries including machinery reported that production had contracted in July. Manufacturing has been hobbled by a strong dollar, which has pressured the profits of multinational...
  • Pending Sales of Existing Homes Unexpectedly Fell in June

    07/29/2015 8:18:23 AM PDT · by BenLurkin · 9 replies
    NewsMax ^ | Wednesday, 29 Jul 2015 10:19 AM
    The index of pending home sales unexpectedly fell 1.8 percent, the first drop this year, after a revised 0.6 percent increase in May that was smaller than initially reported, figures from the National Association of Realtors showed Wednesday in Washington. The median forecast of 37 economists surveyed by Bloomberg called for a 0.9 percent gain. The data are consistent with the slow improvement in housing, restrained by still-tight lending standards and a limited selection of available properties. An easing of those conditions, along with an acceleration in wage growth, would allow more Americans to take advantage of cheap borrowing costs...
  • Medicaid enrollment surges, stirs worry about state budgets

    07/25/2015 1:02:02 PM PDT · by Lorianne · 20 replies
    More than a dozen states that opted to expand Medicaid under the Affordable Care Act have seen enrollments surge way beyond projections, raising concerns that the added costs will strain their budgets when federal aid is scaled back starting in two years. Some lawmakers warn the price of expanding the health care program for poor and lower-income Americans could mean less money available for other state services, including education. In Kentucky, for example, enrollments during the 2014 fiscal year were more than double the number projected, with almost 311,000 newly eligible residents signing up. That's greater than what was initially...
  • Explaining the proposed Minnesota health insurance rate increases

    06/05/2015 5:28:59 PM PDT · by TurboZamboni · 11 replies
    Pioneer Press ^ | 6-5-15 | David Montgomerty
    June 05--Minnesotans got a shock Thursday when the state's health insurers proposed "eye-popping" rate increases for people who buy health insurance on the individual market -- premium increases as high as 70 percent. Democratic-Farmer-Labor Gov. Mark Dayton condemned the increases as "outrageous" and suggested they should be scaled back. Republicans saw them as reason to criticize the state-run portion of that market, MNsure. Here's the background about these premium increases, why they're happening and what they mean: What's proposed? Federal law requires health insurers to disclose any premium increases above 10 percent. Those were released Wednesday, and in Minnesota, there...

    05/29/2015 5:47:11 AM PDT · by tellw · 117 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...
  • Get ready for some depressing news about the US economy (UNEXPECTED!)

    05/28/2015 8:30:56 PM PDT · by SaveFerris · 28 replies
    Business Insider ^ | Thu, May 28, 2015, 11:30pm EDT - US Ma | By Myles Udland
    We're about to get some terrible news about the US economy. Sort of. On Friday morning at 8:30 a.m. ET, the Bureau of Economic Analysis will release its second estimate of first quarter GDP, which is expected to show the economy contracted 0.8% in the first quarter. The initial reading on first quarter GDP, released on April 29, showed the economy grew just 0.2%. Ahead of that report, Wall Street expected the economy grew 1% to start 2015. Subsequent data, however, showed that the economy was likely even weaker than first estimated to start the year. Some economists, however, either...
  • Actually, the US economy just shrank [Negative growth]

    05/05/2015 7:22:27 AM PDT · by SeekAndFind · 26 replies
    Business Insider ^ | 05/05/2015 | AKIN OYEDELE
    It turns out the US economy may have contracted in the first quarter. Last week, we learned that gross domestic product grew by just 0.2% in the first quarter, far below the 1% economists had expected. Then on Tuesday, the Commerce Department reported that the trade deficit in March exploded to a six-year high, $51.4 billion. The surge in the deficit — the gap between imports and exports — has been largely blamed on the nine-month slowdown at West Coast ports, which has been resolved. The slowdown and strike over a labor dispute limited the flow of goods through some...
  • Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected;

    05/03/2015 12:09:23 PM PDT · by Kaslin · 18 replies ^ | May 3, 2015 | Mike Shedlock
    Economists have been overly optimistic on the majority of economic reports for going on six months. Today the Bloomberg Consensus estimate for construction spending was for a 0.4% gain. The actual result was a decline of 0.6%. Construction spending once again defied expectations. March construction spending dropped 0.6 percent against expectations of an increase of 0.4 percent. On the year, construction spending was up 2.0 percent, down from February's annual increase of 2.7 percent. Both residential and public building declined. While weather can still be blamed for some of the decline, a basic weakness in the building sector was apparent....
  • Unemployment Rate Unchanged At 5.5%, US Employers Added A Lower-Than-Expected 126,000 Jobs in March

    04/03/2015 6:33:48 AM PDT · by SeekAndFind · 27 replies
    International Business Times ^ | 04/03/2015 | Jessica Menton
    U.S. employers added 126,000 jobs in March as the unemployment rate remained unchanged at 5.5 percent, the Labor Department said Friday. Economists polled by Thomson Reuters had expected net job growth of 250,000 last month. February was revised down from 295,000 to 264,000. The drop in March is under the average 269,000 jobs added over the previous 12 months. Job creation jumped in February despite harsh winter weather, and the U.S. has added at least 200,000 jobs per month for 12 consecutive months, a feat not seen in 20 years. However, the sharp gains in job creation in recent months...
  • Eligibility for public programs not properly checked, state review finds

    03/25/2015 5:26:03 AM PDT · by TurboZamboni · 1 replies
    star tribune ^ | 3-24-15 | chris serres
    A state legislative auditor’s report found that the Minnesota Department of Human Services (DHS) failed to ensure the eligibility of participants in large public assistance programs and that it did not always perform timely inspections of child care centers. The findings mirror those of other recent auditor reports and could fuel calls to reform the way state administrators verify eligibility for programs that together cost nearly $7 billion a year in federal money. For more than a decade, the legislative auditor has reported flaws in the way the state determines who qualifies for Medical Assistance, which provides health insurance to...
  • White House Suggests Obama Found Out About Hillary Email Server From Media

    03/06/2015 9:28:23 AM PST · by E. Pluribus Unum · 65 replies ^ | 03/06/2015 | Charlie Spiering
    Aboard Air Force One, White House Press Secretary Josh Earnest indicates that President Obama probably found out about the Hillary Clinton email scandal from the media. Earnest told reporters traveling with the president that he wouldn’t be surprised if Obama first learned about Clinton’s homebrew server this week, according to the pool report.
  • Factory Orders Unexpectedly Decline 6th Month

    03/06/2015 9:26:13 AM PST · by Kaslin · 24 replies ^ | March 6, 2015 | Mike Shedlock
    Extending the longest streak since the 2008-2009 recession, Factory Orders Unexpectedly Decline 6th Month. New orders for U.S. factory goods unexpectedly fell in January, posting their sixth straight monthly decline, a sign of weakness in the manufacturing sector. The Commerce Department said on Thursday new orders for manufactured goods slipped 0.2 percent after a revised 3.5 percent decline in December. Economists polled by Reuters had expected factory orders to gain 0.2 percent in January after a previously reported 3.4 percent tumble in December.
  • Imam Who Said Ayaan Hirsi Deserved Death Was Hired By DOJ To Teach Muslim Classes To Fed Prisoners

    03/04/2015 12:19:24 PM PST · by Mount Athos · 19 replies
    daily caller ^ | 03/03/2015 | Chuck Ross
    An Egyptian-born imam who in 2007 said that Somali-born activist Ayaan Hirsi Ali should receive the death penalty for her criticism of Islam is now a Department of Justice contractor hired to teach classes to Muslims who are in federal prison. According to federal spending records, Fouad ElBayly, the imam at Islamic Center of Johnstown in Pennsylvania, was contracted by the DOJ’s Bureau of Prisons beginning last year to teach the classes to Muslim inmates at Cumberland Federal Correctional Institution in Cumberland, Md. The records show that ElBayly has two contracts worth $12,900 to teach the classes and to provide...
  • US Coast Guard steams to Antarctica to free trawler trapped in ice

    02/13/2015 12:03:35 PM PST · by Ragnar54 · 24 replies
    Fox News ^ | February 13, 2015 | AP
    Crews from the U.S. and New Zealand were trying Thursday to rescue a damaged fishing boat with 27 people aboard that remains stuck in ice near Antarctica.
  • Foreclosures skyrocket, jump 100 percent in Phoenix, Arizona

    02/12/2015 9:12:47 AM PST · by george76 · 30 replies
    Phoenix Business Journal ^ | Feb 11, 2015 | Mike Sunnucks
    There were more than 2,300 homes and condos in the foreclosure process last month. That is up 104 percent from December. Statewide that increase is 109 percent from January 2014. The jump in foreclosures comes as the Phoenix housing market tries to shake off a slow 2014 where low demand for homes and tough mortgage qualifications stymied sales. Foreclosure activity was also up in states such as Ohio, New Jersey, Maryland and California and metropolitan areas such as St. Louis, Los Angeles and San Francisco. The worst cities for foreclosures include Atlantic City, Las Vegas and eight Florida markets including...
  • Unexpected Collapse in Chinese Trade; Expect More Currency Manipulation Claims; Impact on US GDP

    02/09/2015 5:41:41 AM PST · by Kaslin · 5 replies ^ | February 9, 2015 | Mike Shedlock
    Chalk up another unexpected data point for the slowing global economy: Economists expected Chinese exports to grow 5.9% in January. Instead exports declined by 3.3%. Imports declined a whopping -19.9% vs. an expectation of a 3.2% decline. With imports down way more than exports, China Posted a Record Trade Surplus of $60 billion, in this case, not a sign of strength.
  • As National Press Mostly Snoozes, Add Seattle to the List of Cities Where Homelessness Is Rising

    01/23/2015 7:21:44 AM PST · by george76 · 30 replies
    News Busters ^ | January 22, 2015 | Tom Blumer
    A week ago, Seattle Mayor Ed Murray, a Democrat, called homelessness in his city and the rest of King County a "full-blown crisis." Based on the numbers presented in coverage of the area's situation, we can certainly add the Emerald City to the list of areas where homelessness has been on the rise. Odds are that many readers here didn't know that, because the national press hardly ever pays attention to homelessness when a Democrat occupies the White House. Now imagine the firestorm which would erupt if a Republican or conservative proposed the "solution," however allegedly temporary, Murray is advancing...
  • How's that Obama Economy?

    01/14/2015 6:49:02 PM PST · by Kaslin · 14 replies
    Rush ^ | January 14, 2015 | Rush Limbaugh
    RUSH: Breaking news. Do you remember, shortly after Obama got back from Hawaii last week he went on this brief public speaking tour and just raved about the economy. Remember that? We had the sound bite. I remember he roared on and on about all the jobs and all the activity and all the people that now have health care that didn't. I mean, he painted a picture of utopia. It just happened to be that every issue he had tackled had begun now to pay off and finally, after six hard years, it had all come together, and man,...
  • The Last Southern Democrat (Mary Landrieu's imminent political demise)

    12/05/2014 7:18:24 AM PST · by NKP_Vet · 47 replies ^ | December 4, 2014 | Molly Ball
    HAMMOND, La.—Mary Landrieu is dead, and everyone knows it but Mary Landrieu. The senior senator from Louisiana, a diminutive blond woman with a round, youthful face, is standing under a green canopy in the middle of an airfield. The canopy reads, "City of Hammond, Too Lovely to Litter." There is frustration in her voice as she repeats, yet again, the message nobody seems to be hearing. "The national race is over," she says. "This race is clearly now about what's in Louisiana's best interest." Landrieu's death was foretold on November 4, when any remaining hope Democrats might have had that...
  • 5 EYEWITNESS NEWS INVESTIGATES: Felony Gun Convictions Often End With No Prison Time

    10/31/2014 8:16:16 AM PDT · by TurboZamboni · 4 replies
    KSTP ^ | 10-30-14 | Stephen Tellier
    EYEWITNESS NEWS spent weeks analyzing more than 1,800 cases across Minnesota - murders, robberies, burglaries, and assaults, all involving firearms, as well as many cases of previously convicted felons being caught with guns. In more than half of such cases, the convicted felon received less than the minimum sentence. And whether they spent any time in prison varied greatly from judge to judge and courtroom to courtroom. Daylight was beginning to dwindle. Leaves were beginning to litter the landscape. Fall was beginning to descend on Folwell Park. "This is where kids come. This is their sanctuary," said John Joyce, who...
  • U.S. Jobless Claims Fall to 14-Year Low

    10/16/2014 10:55:55 AM PDT · by Red Badger · 23 replies
    WSJ ^ | 10/16/2014 | By Jonathan House
    WASHINGTON—The number of new claims for jobless benefits fell to a 14-year low last week, the latest sign of an improving labor market. Initial claims for unemployment benefits fell by 23,000 to a seasonally adjusted 264,000 in the week ended Oct. 11, the Labor Department said Thursday. That was below the 290,000 claims forecast by economists surveyed by The Wall Street Journal and the lowest level since the week of April 15, 2000, when it was 259,000. The Labor Department said there were no special factors affecting the data. “This is a clear signal of real strength in the labor...
  • One-fifth of U.S. workers were laid off in past five years, study says

    09/29/2014 6:02:08 PM PDT · by usconservative · 24 replies
    L.A. Times (Link Only) ^ | 9/29/2014 | Jim Puzzanghera
    Link only. Excellent Article that should spur discussion.
  • Hospitals ask patients to pay upfront ("Unexpected" ACA Consequence)

    09/29/2014 9:28:11 AM PDT · by Timber Rattler · 37 replies
    CNN Money, via WCYB TV 5 ^ | September 29, 2014 | Tami Luhby
    Get ready to whip out your credit card before you are wheeled into the operating room or undergo an MRI. Hospitals are increasingly asking patients to pay for procedures either upfront or before they are discharged. That's because Americans are shouldering a greater portion of their health care bills, and medical centers don't want to get stuck with patients that can't pay. (snip) The policies available on the Affordable Care Act exchanges are hastening this trend. Many enrollees are opting for the bronze and silver plans, which often carry deductibles upwards of $5,000 and $2,000, respectively. "The bronze plans are...
  • Blaming the economy, Md. officials lower state revenue projections by $405 million

    09/24/2014 7:20:02 PM PDT · by markomalley · 16 replies
    Washington Post ^ | 9/24/2014 | John Wagner
    Maryland officials on Wednesday lowered projections of state tax revenue for this year and next by a combined $405 million, blaming an economy that is still recovering at a more sluggish pace than expected. The action will require no immediate cuts in the state’s $16 billion general-fund budget, and Maryland remains in better fiscal health than most other states in the region, including Virginia, which announced a $2.4 billion shortfall in August. But some Maryland leaders warned that they could face more challenging budget choices ahead if job growth does not pick up. The largest revenue write-down Wednesday was for...
  • Hollywood Code Red: 2014 Already a Write Off, 19% of Jobs Cut

    09/12/2014 11:28:52 AM PDT · by ImJustAnotherOkie · 138 replies
    Breibart ^ | 12 Sep 2014, 10:07 AM PDT | John Nolte
    When you combine Variety's story about a 19% drop in entertainment industry jobs, and The Hollywood Reporter's story about the 2014 box office already being written off as a "disaster," things look pretty glum in the business of show. And probably for good reason. No one expected Summer 2014 to tank. No one. Everyone's saying "wait till next year," but this year there was a Spider-Man, some X-Men, a bunch of Apes, more Transformers, ..., this past Labor Day weekend was the worst since the post- 9/11 Labor Day weekend. No one knows why. No one can explain it. And...
  • U.S. jobless claims rise unexpectedly, but still at pre-recession levels

    09/11/2014 5:46:57 AM PDT · by Oldeconomybuyer · 15 replies
    Reuters ^ | September 11, 2014 | By Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels. Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday. Claims for the prior week were revised to show 2,000 more applications received than previously reported.
  • Recreational Pot Not Bringing In Tax Money That Was Expected

    09/03/2014 7:13:28 AM PDT · by rktman · 112 replies ^ | 9/2/2014 | Unknown
    High hopes for tax money isn’t as expected as the state’s legal marijuana industry isn’t bringing in as much money as anticipated. In fact, tax revenue is way below expectations. When voters approved recreational marijuana sales the state predicted it would pull in more than $33 million in new taxes in the first six months. The actual revenue came up more than $21 million short. The problem is that buying pot is less expensive on the streets where people don’t have to pay taxes or fees. Medical marijuana is also less expensive than recreational pot, so those with medical cards...
  • Imminent Terrorist Attack Warning By Feds on U.S. Border

    08/29/2014 11:09:07 AM PDT · by kristinn · 277 replies
    Judicial Watch ^ | Friday, August 29, 2014
    Islamic terrorist groups are operating in the Mexican border city of Ciudad Juarez and planning to attack the United States with car bombs or other vehicle born improvised explosive devices (VBIED). High-level federal law enforcement, intelligence and other sources have confirmed to Judicial Watch that a warning bulletin for an imminent terrorist attack on the border has been issued. Agents across a number of Homeland Security, Justice and Defense agencies have all been placed on alert and instructed to aggressively work all possible leads and sources concerning this imminent terrorist threat. Specifically, Judicial Watch sources reveal that the militant group...
  • Reversal in 1Q and 2Q Gross Domestic Product Hints at Flawed Federal Data

    08/03/2014 8:04:51 AM PDT · by Kaslin · 19 replies ^ | August 3, 2014 | Paul Dykewicz
    The merit of the federal government adopting use of Gross Output (GO) as a broadened quarterly measure of U.S. economic activity to supplement the traditional reliance on Gross Domestic Product (GDP) shone when the Bureau of Economic Analysis recently published its first-quarter 2014 findings. The opportunity to compare the numbers shows that the economy may not have been as weak as the 2.1% shrinkage the GDP indicated in the first quarter when winter storms hit. Indeed, second-quarter real GDP rebounded to grow at a 4% annualized rate, affirming Gross Output’s useful role as a measure of economic activity because it...
  • MNsure Monthly Premiums Likely to Increase Significantly

    07/10/2014 7:22:08 AM PDT · by TurboZamboni · 5 replies
    KSTP ^ | 7-9-14 | Jay Kolls
    The head of the Minnesota Council of Health Plans gave a hint of what might come soon to those who pay for health insurance coverage through MNsure, Minnesota's health care exchange. Julie Brunner is the Executive Director of the Minnesota Council of Health Plans, which is the professional association for the HMOs that offer health coverage through MNsure. Brunner recently told a University of Minnesota symposium that she would "not be surprised if the health plans increased their rates by 8, 10, or even 12 percent." Gov. Mark Dayton tells 5 EYEWITNESS NEWS he would be disappointed by such a...
  • Here's how much pricier July 4th will be...

    07/02/2014 8:08:55 AM PDT · by george76 · 5 replies
    CNBC ^ | 1 Jul 2014 | Katie Little
    expected jump in food costs echoes the findings of a new informal survey from the American Farm Bureau Federation, which showed the average cost for a July 4th picnic for 10 is $58.72, 5.4 percent higher than last year. The survey is based on retail prices from 84 shoppers' findings in 26 states and Puerto Rico. Meat and dairy prices rose the most. The cost of ground round shot up 13.4 percent, pork spare ribs 13.2 percent and American cheese 14.3 percent.
  • Producer Price [Wholesale Prices] Index Falls Unexpectedly In May

    06/13/2014 4:05:59 PM PDT · by BenLurkin · 11 replies
    Fox ^ | June 13, 2014 | Greg Robb
    The decline was unexpected. Economists polled by MarketWatch had predicted a 0.1% increase in the PPI after a 0.6% gain in April and a 0.5% rise in March. The price of goods fell 0.2% in May led by a drop in the wholesale cost of energy. The price of services also decreased 0.2%. Personal consumption, a new index designed to foreshadow changes in the consumer price index, fell 0.2% in May.
  • Universities Say No to the 2nd Amendment

    06/03/2014 7:34:21 PM PDT · by TurboZamboni · 8 replies
    Last Resistance ^ | 6-3-14 | Blake Neff
    University presidents overwhelmingly oppose letting students carry concealed guns on their campuses — and don’t really want people carrying them anywhere else, either. A study commissioned by Ball State University polled 401 university presidents in the U.S. and found that 95 percent of them do not want students with concealed handguns to be allowed at their universities. Furthermore, most weren’t comfortable with students having guns anywhere else either, as 65 percent of them opposed the carrying of concealed handguns off-campus. The numbers are hardly surprising, as the university presidents seem to have little personal taste for guns. Seventy-nine percent of...
  • Dozens of bicycles stolen from city bike-share program

    05/30/2014 12:32:39 PM PDT · by BBell · 60 replies
    The Baltimore Sun ^ | 5/30/14 | By Carrie Wells
    More than 40 bicycles belonging to Baltimore's Recreation and Parks department for a bike-share program were stolen this week, and the activity has been suspended indefinitely, city officials said. The bikes, which included children's bikes and adult-size blue beach cruisers, were stolen on Monday during the city's Ride Around the Reservoir program in Druid Hill Park. Recreation and Parks spokeswoman Gwendolyn Chambers said staff had set up the bikes to lend out when a large group of youths began stealing them. One staffer was kicked by a youth, though the injury was not serious, Chambers said. "We don't want our...
  • 1 in 6 American Men Between Ages 25-54 Are Not Working

    05/30/2014 9:01:11 AM PDT · by george76 · 52 replies
    Weekly Standard ^ | May 30, 2014 | DANIEL HALPER
    There are currently 61.1 million American men in their prime working years, age 25–54. A staggering 1 in 8 such men are not in the labor force at all, meaning they are neither working nor looking for work. This is an all-time high dating back to when records were first kept in 1955. An additional 2.9 million men are in the labor force but not employed (i.e., they would work if they could find a job). A total of 10.2 million individuals in this cohort, therefore, are not holding jobs in the U.S. economy today. There are also nearly 3...
  • US Jobless Claims Jumped 14,000 To 344,000 In April 26 Week

    05/01/2014 6:41:18 AM PDT · by SeekAndFind · 12 replies
    WASHINGTON (MNI) - Initial claims for U.S. state unemployment benefits jumped for the second straight week in the April 26 week, climbing by 14,000 to 344,000, the Labor Department reported Thursday. The Labor Department said there were no special factors, however, the latest report reflects a second straight week of a double digit increase in initial claims which are now at the highest level since February 22 week when they were 351,000. Expectations for this week's report was for a claims level of 320,000, which would have been a 9,000 decrease from the previously reported 329,000 level in the April...
  • "Hillary For President" Fundraiser Busted For Illegal Campaign Contributions

    04/18/2014 7:04:11 AM PDT · by SeekAndFind · 7 replies
    Zero Hedge ^ | 04/18/2014 | Tyler Durden
    If you listen carefully, you can hear the stampede of politicians distancing themselves from their once best-friend - Hotel magnate Sant Singh Chatwal - as AP reports, he plead guilty Thursday to charges he secretly funneled more than $180,000 in illegal campaign contributions to three unnamed candidates and coached someone to lie about it. Without the contributions "nobody will even talk to you," Chatwal said. "That's the only way to buy them, get into the system." Welcome to the ugly truth of American politik.  The FT details that Sant Singh Chatwal, chairman of Hampshire Hotels Management, pleaded guilty on Thursday...