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Business/Economy (Bloggers & Personal)

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  • U.S. Bank closes UC Davis branch, citing disruption by Occupy protesters

    03/19/2012 4:06:14 PM PDT · by 2ndDivisionVet · 8 replies · 1+ views
    The Modesto Bee ^ | March 19, 2012 | Mark Glover
    Citing chronic disruption of business by Occupy movement protesters, Minnesota-based U.S. Bank has closed its branch office on the University of California, Davis, campus. In a March 1 letter to the UC Board of Regents, the bank said Occupy protesters have intermittently blocked the door to the bank branch in the Memorial Union since January. The bank chose to close during some of the protests. The bank said the situation ultimately became "intolerable." UC officials said they believe the termination letter is premature, noting that UCD had been in discussions with bank representatives about the future of the branch office....
  • Italy is trapped in a monetary Völkerkerker

    03/19/2012 3:31:11 PM PDT · by bruinbirdman · 4 replies
    The Telegraph ^ | 3/19/2012 | Ambrose Evans-Pritchard
    Another month, another blow for Italy. Industrial orders fell 7.4pc in January, according to ISTAT. Domestic orders fell 7.6pc. Output fell 4.9pc, as you can see from this chart: This follows the release of construction data on Friday showing a 10.9pc fall in output. This debacle was entirely predicted by monetary data six to nine months ago, as you can see: The M3 money data is at last improving very slightly (ie, it is collapsing less fast) but M1 is falling ever faster. We’ll see how that plays out. I wish premier Mario Monti all the best. He is one...
  • House Will Kill Obamacare's Medicare Rationing Panel This Week

    03/19/2012 12:53:59 PM PDT · by 92nina · 10 replies · 1+ views
    ATR ^ | 2012-03-16 | Ryan Ellis
    The U.S. House of Representatives this week will be voting on H.R. 452, the “Medicare Decisions Accountability Act of 2011.” This bill would repeal the Medicare rationing board known as “IPAB,” and is part of a full repeal of the jobs-killing Obamacare law. The harmful Obamacare law created a new and unelected government panel known as “IPAB.” The basic role of IPAB would be to institute price controls and rationing within the Medicare system. This is the same type of wrong-headed price controls attempted in socialized medicine systems throughout the world. It doesn’t work anywhere else, and it won’t work...
  • Class Action Filed Against Taxpayer-Backed First Solar

    03/19/2012 11:31:14 AM PDT · by jazusamo · 5 replies · 1+ views
    National Legal & Policy Center ^ | March 19, 2012 | Paul Chesser
    Securities law firms are lining up to get a piece of the action after a class action lawsuit was filed against federally subsidized First Solar, Inc., allegedly because the company failed to disclose the massive costs it was incurring due to defects in its solar panels, leading investors to believe the company’s stock was worth more than its actual value. The complaint, filed by the New York-based Pomerantz, Haudek, Grossman, & Gross law firm, claims that First Solar executives – including founder Michael Ahearn and former CEO Robert Gillette – “made false and/or misleading statements, as well as failed...
  • Obama Takes Credit for Thwarting Runaway Oil Drilling

    03/19/2012 11:28:26 AM PDT · by John Semmens · 2 replies · 1+ views
    Semi-News/Semi-Satire ^ | 17 March 2012 | John Semmens
    President Obama’s efforts to blunt the political disadvantage of rising gasoline prices took both a zig and a zag this past week. In an attempt to provide a contrast with the growing popularity of the GOP’s “drill here, drill now” pitch, Obama promised he would “never allow the ‘gluttons of greed’ to drill in your back yard or your front yard, no matter how hard they push for it.” To prevent gasoline prices from surging over the summer, as many have predicted, the President has ordered the release of oil from the nation’s strategic reserve. Conceived as insurance against the...
  • The Chinese Double Standard

    03/19/2012 11:16:34 AM PDT · by geraldmcg · 6 replies
    www.webToday.tv ^ | 03/19/2012 | webtoday.tv
    THE PROBLEM: 1. China has defaulted on much of its 1912‐1941 debt to US citizens and the government. 2. China settled the same debts with Great Britain in 1987. 3. In an era when our debt to the Chinese is at historic highs, why has the US government not brought the Chinese to the table in a constructive fashion in order to resolve its outstanding debt? THE DOUBLE STANDARD:
  • SEC Supports Goldman Sachs v Shareholders

    03/19/2012 11:11:22 AM PDT · by Razzz42 · 2 replies · 1+ views
    Armstrong Economics ^ | March 18, 2012 | Martin Armstrong
    Anyone who has traded with Goldman Sachs most likely knows it is always an adversarial relationship. Banks that trade do so for themselves and employees are compensated according to the profits made on the desk. That is the nature of the business. However, Goldman Sachs is primarily a trader. That is where the profits have come from not the rudimentary workings of banking. So to some extent those who complain about employee compensation should invest in some other business where talent is not rewarded. That said, there is a substantial difference between making a normal spread and carrying a book...
  • Government math: $1 million subsidy for Reno windmills saves $2,785 since 2010

    03/19/2012 11:11:16 AM PDT · by NevadaPolicyResearchInstitute · 11 replies · 1+ views
    Write on Nevada ^ | 3/19/2012 | Victor Joecks
    From the Reno Gazette-Journal: Nearly two years after Reno started installing energy-producing windmills at city facilities from downtown to Stead, some have proven to be better at generating electricity than others despite claims made by manufacturers. The city’s seven windmills have so far saved Reno $2,785 in energy costs after generating 25,319 kilowatt-hours of electricity. The windmills were installed between April and October 2010 and cost about $1 million out of a $2.1 million federal energy grant given to the city that was part of the stimulus package approved by Congress in February 2009. That’s according to data available...
  • Here’s a surprise (not really): Jerry Brown over estimates how much his tax will generate

    03/19/2012 11:07:41 AM PDT · by Mark Landsbaum · 5 replies
    Gov. Jerry Brown’s plan to raise your taxes would raise less than he planned, according to the nonpartisan Legislative Analyst. So Brown came up with another plan, caving in to union demands. Now Brown would raise your taxes even more. Does Jerry Brown have it right this time? Guess what the Legislative Analyst says about this new, improved (higher) tax plan? Just two days after the governor announced his “compromise” ballot measure to raise taxes, California’s top budget analyst said today the measure will generate $2.2 billion less next year than Brown has estimated...
  • Ally Financial Failure Jeopardizes Auto Bailout 'Success' (Old GMAC)

    03/19/2012 11:06:05 AM PDT · by jazusamo · 5 replies
    National Legal & Policy Center ^ | March 19, 2012 | Mark Modica
    Ally Financial seldom gets mentioned when the auto bailouts are discussed. The company was formerly known as GMAC and the 17 billion dollars that taxpayers sunk into the company was crucial for the perceived success at both General Motors and Chrysler . We now learn that Ally Financial has failed a government stress test and, according to Reuters, "fared by far the worst of 19 banks examined." Years back, GMAC changed its name to Ally Financial to dissociate itself from GM. Just changing a name can not negate the fact that the $17,000,000,000 Ally Financial received from taxpayers went...
  • A City At the End of Its Rope

    03/19/2012 10:27:12 AM PDT · by MichCapCon · 16 replies
    Michigan Capitol Confidential ^ | 3/17/2012 | Anne Schieber
    ALLEN PARK — It was an odd fact to come out at a city council meeting, but again, these are not normal times for the city of Allen Park. On Tuesday night, it was revealed that the city is now paying finance charges on a credit card bill from the Home Depot because it can’t pay off the balance of a couple of hundred dollars. Residents have had enough and now they’ve convinced city leaders of the need for help. This week, the Allen Park City Council stated publicly that it needs an emergency manager to be appointed under Michigan...
  • Obamacare's Five Tax Increases That Most Hurt Seniors

    03/19/2012 9:43:57 AM PDT · by 92nina · 3 replies · 1+ views
    ATR ^ | 2012-03-18 | Ryan Ellis
    The jobs-killing Obamacare law contains 20 new or higher taxes on American families and employers. Many of these tax increases fall on families making less than $250,000--a direct violation of candidate Obama's promise not to raise "any form" of taxes on these families. In less than a week, the third anniversary of Obamacare being signed into law will take place. The Supreme Court will be hearing oral arguments about the constitutionality of Obamacare next week. Out of the 20 new or higher taxes in Obamacare, here are the five that most hurt seniors: Individual Mandate excise tax penalty. Many seniors...
  • Being Breitbart

    03/19/2012 6:35:12 AM PDT · by shove_it · 6 replies
    Adoption Pundit via Instapundit ^ | 18 Mar 2012 | Steve Eimers
    This week I got to ‘be Breitbart.' I want to share a little about the experience of ‘being Andrew Breitbart’ then I want to talk about being a different Breitbart; Gerald and Arlene Breitbart. Some have asked about my recent radio ad that played on WOKI. Well I am going to answer a few of those questions. Why did you as a Window Cleaner in Knoxville, TN run this ad? I wanted new customers. I have nearly 25 estimates to complete. This is more than I typically get in a 3-4 month period in 3 days. I also received more...
  • Vice-President Lauds Obama’s “Spine of Steal”

    03/18/2012 2:40:35 PM PDT · by John Semmens · 17 replies
    Semi-News/Semi-Satire ^ | 17 March 2012 | John Semmens
    In written remarks distributed before a campaign speech to the United Auto Workers Union, Vice-President Joe Biden praised President Obama’s courage for bailing out General Motors and Chrysler. “Where others might have been deterred by property rights or contracts, President Obama charged in, unafraid,” Biden remembered. “He put your jobs, your interests ahead of all else.” Biden urged union members to keep this in mind come election day. “Some may put their trust in the law,” Biden said. “But I say having a guy you can trust at the wheel trumps anything that might be written down in a statute...
  • riple Lutz Report–Turnkey Totalitarianism is Coming to America–Episode 172

    03/18/2012 11:30:44 AM PDT · by appeal2 · 4 replies
    The Financial Survival Network ^ | 03/18/2012 | Kerry Lutz
    Freedom to pursue your own happiness was guaranteed in the US Constitution. It was a novel ground-breaking earth-shattering ideal that has left statists scrambling ever since. The way they take away your freedoms is one at a time. First they go after freedoms that most people deem unnecessary or repugnant, like using drugs or advertising tabacco. Then they go after the freedoms that matter to you, like speech, the right to defend yourself, buying light bulbs or so many others that are currently under attack. Marijuana prohibitions are supported by law enforcement lobbyists who cash in big time. Just follow...
  • While America Toils Canada Enjoys Stable Government

    03/18/2012 11:06:08 AM PDT · by Leigh Patrick Sullivan · 8 replies · 2+ views
    The Moderate Separatist ^ | March 18, 2012 | Leigh Patrick Sullivan
    When Canadians finally granted Stephen Harper and his Conservatives the majority election victory they had long sought following two consecutive minority Tory governments, it was more than just the fulfillment of an arduous journey for the nation’s right-wing. History could show that it was a vital and fortuitous turn of events. Canada experienced years of Jean Chretien/Paul Martin Liberal rule, due in large part to the lack of coherent opposition. Conservatives were busy rebuilding, reforming into a single entity. That, combined with an effective program of personal attacks by the Liberals on both the party leader and the conservative party...
  • Housing: A Tale of Four Countries (U.S., U.K., China and Spain) – Bubbles, Bursts and Flatness

    03/18/2012 11:01:51 AM PDT · by whitedog57
    Confounded Interest ^ | 03/18/2012 | Anthony B. Sanders
    Bloomberg recently reported that China’s February home prices fell in more than half of the 70 cities monitored by the government. You can see China’s bubble, deflation, re-bubble and deflation cycle in the following chart. Thus far, China is the only country of the four that has managed to re-bubble their housing market, but that bubble is leaking again. The U.S. Housing Market This week, there will be several reports on the U.S. housing market. Will we see improvement? Monday, Mar 19th, 10:00 AM: The March NAHB homebuilder survey. The consensus is for a reading of 30, up slightly from...
  • The Malaise of 2012 | Part III - Undue Debt

    03/18/2012 10:18:55 AM PDT · by NaturalBornConservative · 5 replies
    Natural Born Conservative ^ | March 18, 2012 | Larry Walker, Jr.
    * Inordinate Stimulus, Undue Debt and Global Warming Foolishness Caused the Recession* By: Larry Walker, Jr. *It is impossible to calculate the effect of deficit-financed government spending on demand without specifying how people expect the deficit to be paid off in the future. ~ The Theory of Rational Expectations Undue Debt Obama’s three-point plan for deficit reduction can be summed up in three words, “Spend Baby Spend.” In fact, Obama will have borrowed more than $6.3 trillion during his four-year term, which is more than the first 42 and 1/4 presidents combined. And what do we have to show...
  • The Crazy Things That One Whistleblower Says Are Happening At JP Morgan Will Blow Your Mind

    03/18/2012 6:41:52 AM PDT · by SeekAndFind · 7 replies · 1+ views
    The Economic Collapse ^ | 03/17/2012 | Michael Snyder
    Rampant silver manipulation? Rampant gold manipulation? Rampant LIBOR manipulation? Hiding MF Global client assets? These are all happening at JP Morgan according to an open letter reportedly written by an anonymous employee of the firm. The whistleblower also warns of a "cascading credit event being triggered" by derivatives related to Greek government debt. Unlike Greg Smith at Goldman Sachs, this whistleblower has chosen to remain anonymous for now. According to the letter, the whistleblower is still an employee of JP Morgan and has not resigned. But that does make it much more difficult to confirm what he is saying....
  • Report: Vito Rizzuto Plots His Return

    03/18/2012 4:25:49 AM PDT · by AtlasStalled · 3 replies
    Friends of Ours ^ | 03/18/12 | Friends of Ours
    Reputed Montreal Mafia boss Vito Rizzuto will avenge the murders of son Nicola and father Nick upon his release from prison in October 2012 according to a jailhouse source as reported by Brad Hamilton for the New York Post: "he's been eating vegetarian, staying fit, sharpening his mind with games of pinochle — and plotting his coup, the source said." Vito Rizzuto currently is serving time at the supermax facility in Florence, CO on a 2007 racketeering conviction involving the 1981 New York City murders of three Bonanno capos during an internal power struggle, and during his incarceration all hell...
  • Dodging bullet train best for California

    03/18/2012 12:34:55 AM PDT · by Mark Landsbaum · 16 replies
    The Orange County Register ^ | 3-18-2012 | Mark Landsbaum
    Let's stipulate that high-speed trains might be worthwhile. Sometimes. In some places. Now let's make this perfectly clear: California in the foreseeable future is neither the time nor the place. A high-speed rail system for California would be like a canoe concession in Saudi Arabia. Unneeded. Unprofitable. Just plain stupid. So, why do so many clamor for just such an unneeded, unprofitable, stupid idea? . . .
  • President Trojan Horse's Slight of Hand Game with Strategic Reserve

    03/17/2012 7:17:45 PM PDT · by publius321 · 9 replies
    http://youtu.be/U2i10faOM48 ^ | 3/17/2012 | Scott Ryan
    Commentary on President Trojan Horse's energy policy & destruction of America from within.
  • The Lie - Big Oil Is Greedy

    03/17/2012 7:06:45 PM PDT · by street_lawyer · 9 replies
    The Constitution Journal ^ | March 17, 2012 | Frank J. Morelli
    It is all too easy to bellyache about the high price of oil and blame greedy big oil companies, with absolutely no proof. Shell oil earns about 2 cents and Exxon/Mobil earns about 5 cents per gallon at the pump. The fact that Exxon pays more in total taxes than it earns in profits makes them anything but greedy. Oil companies do not set prices, market supply and demand does, and anyone who disputes that fact is simply ignorant of how the economy actually works. That is of course when government is not setting the prices for commodities. Many liberals/progressives...
  • The Malaise of 2012 | Part II

    03/17/2012 1:22:29 PM PDT · by NaturalBornConservative
    Natural Born Conservative ^ | March 17, 2012 | Larry Walker, Jr.
    * Inordinate Stimulus, Undue Debt and Global Warming Foolishness Caused the Recession* By: Larry Walker, Jr. *“… an unprecedented degree of federal government spending and intervention vis-à-vis the $787 billion dollar economic stimulus package, the $81 billion dollar bailouts of GM and Chrysler, and the enactment of health care and financial regulatory and reform bills have done nothing to stimulate our anemic recovery and have fundamentally failed at creating private sector jobs, or generating economic growth necessary for a sustainable, healthy recovery.” ~ Douglas Schoen via: The Daily BeastInordinate StimulusAccording to Economist Raymond Richman of Ideal Taxes Association, “The...
  • Alexandra Pelosi Debuts New Video, Bill Maher Says It May ‘Make Liberals Go Insane’

    03/17/2012 12:40:35 PM PDT · by 2ndDivisionVet · 31 replies
    Mediaite ^ | March 16, 2012 | Josh Feldman
    Alexandra Pelosi appeared on Real Time tonight with two purposes: to defend the video she filmed of voters in Mississippi that aired on the show last week, and to air a brand-new video that Bill Maher admitted would probably anger liberals in the same way the aforementioned video angered conservatives. For her new video, Pelosi spoke to African-American welfare recipients in New York. There was far less laughter during this piece than the Mississippi one (which Pelosi pointed out after it played), but there were still some revealing moments contained therein. One of the men lined up outside the welfare...
  • Obama: Lower Gas Prices By Taxing Big Oil More

    03/17/2012 12:23:56 PM PDT · by Starman417 · 19 replies
    Flopping Aces ^ | 03-17-12 | Curt
    Here comes Obama The Blamer. Blame Bush, Blame oil companies: In his weekly address to the nation Saturday, Obama sought to redirect consumers’ anger with his administration to anger with Congress for allowing companies like Exxon Mobil and Chevron to receive $4 billion from the federal government every year. “Your member of Congress should be fighting for you. Not for big financial firms. Not for big oil companies,” Obama claimed. “In the next few weeks, I expect Congress to vote on ending these subsidies,” he continued. “And when they do, we’re going to put every single Member of Congress...
  • Ohio Governor Seeks Severance Tax Hike

    03/17/2012 12:13:19 PM PDT · by bizlawnews · 4 replies
    COLUMBUS, Ohio (LID) – Ohio Gov. John Kasich (R) is seeking an increase in the state severance tax on oil and natural gas extraction to bankroll a cut in income taxes. Kasich’s proposal announced March 14 has floundered amid opposition to the governor’s plan in the Republican-led Ohio House of Representatives.
  • THE MEN FROM MERS

    03/17/2012 10:04:21 AM PDT · by Chunga85 · 10 replies
    The Foreclosure Hamlet ^ | 3/16/2012 | Capt. Jack
    MERS, MERS, MERS, just where do we begin? Since roughly ten percent of the population has been impelled to believe that chemical lobotomies are required to survive; it might be wise to begin the exercise with a dose of Paxil followed up with a delightful Abilify chaser. (Only your Doctor will really know) You Attorneys General can stop reading now; your vile and insulting accord with the bankers, regulators, and politicians is set; and you've earned, quite justly, well-deserved opprobrium from all but the sociopathic elite. The position of Attorney General (the chief law officer of the state) entails ensuring...
  • A Week of Shameless Obama Lies

    03/17/2012 9:31:11 AM PDT · by NYer · 6 replies
    Rushlimbaugh.com ^ | March 16, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Let's review the important things of this week. The first two days of the week we had the polling data from the New York Times and the Washington Post, polls which were devastating to the regime, devastating to Obama. The New York Times poll has his approval at 41%, an all-time low in that poll. These polls were so bad that pollsters and Democrats and media people are now insulting the respondents by calling them "stupid" and questioning themselves as to whether or not their own polls are broken. But these polls had a devastating impact on...
  • When will the euro split asunder? When Germans feel it in their pockets

    03/16/2012 10:20:45 PM PDT · by bruinbirdman
    The Telegraph ^ | 3/16/2012 | Jeremy Warner
    Wait until German shoppers feel the eurozone crisis in their pockets Faced with execution today or execution tomorrow, most people would choose the latter option. Who knows what might happen in between – an amnesty might be declared, the executioner might die. Hope springs eternal. This way of thinking has come to instruct European attitudes to the euro. Everyone now accepts that the euro hasn't worked out as hoped, but they would rather have it all breakup at some point in the future than face the immediate pain of having it breakup now. It seems unlikely, but you never know,...
  • Pool-mageddon avoided — for now

    03/16/2012 7:29:58 PM PDT · by Tolerance Sucks Rocks · 35 replies
    The Washington Times ^ | March 15, 2012 | Stephen Dinan
    <p>The Justice Department on Thursday issued a 60-day stay of execution for hundreds of thousands of public pools which had been required to install ramps and wheelchair lifts by today or else face lawsuits over violating disability laws.</p>
  • U.S. to Channel Cash Toward China Groundwater-Cleanup Projects

    03/16/2012 7:06:59 PM PDT · by Steve Peacock · 12 replies · 1+ views
    U.S. Trade & AId Monitor ^ | March 16, 2012 | Steve Peacock
    The U.S. government is embarking upon, and partly financing, a series of groundwater remediation initiatives in China -- despite the fact that China already plans to pump (USD) $5.5 billion of its own money into such actions through 2020. According to a Scope of Work (SOW) that U.S. Trade & Aid Monitor has located, the U.S. Trade & Development Agency (USTDA) initially will fund what is known as a "definitional mission," or DM, to China (#RFQ-CO201261140). The agency will outsource this preliminary endeavor to a private contractor, who would then travel to Beijing and two other cities that the Chinese...
  • When Hate of Capitalism Trumps "Journalistic Ethics"

    03/16/2012 1:36:26 PM PDT · by greywar · 5 replies
    zPatriot ^ | 3/16/2012 | Sergeant Greywar
    Some professional journalists enjoy pooh pooh-ing the blogosphere because we lowly citizens simply don't have the required "layers and layers of fact checkers" that Real Journalists have to vett their articles though. But what happens when a Real Journalist organization really really really wants something to be true? Well then those layers of fact checking can go by the wayside like they did with this "expose" of Big Greedy Capitalist Apple and Demon Western Materialism (the iPhone). My favorite bit is where the author of the piece so desperately wants to paint Westerners as being so Greedy That Workers Must...
  • Voting Machines Hacked to Insure Romney Victory, Urgent Video

    03/16/2012 11:00:22 AM PDT · by STD · 31 replies · 1+ views
    http://us.mg4.mail.yahoo.com ^ | 03/16/12 | Mike Curtiss
    I apologize, if this disturbing video has already been posted before now http://us.mg4.mail.yahoo.com/neo/launch?.rand=7d1mfi4ov5sd2
  • Cut taxes to get more taxes?

    03/16/2012 12:39:28 PM PDT · by landsbaum · 13 replies · 3+ views
    The Orange County Register ^ | 3-16-2012 | Mark Landsbaum
    The last thing Democrats and other tax-and-spenders want to do is to cut taxes. Oh woe are they if tax cutters have their way. Where will they get money to spend if taxes are cut? Of course, this is short-sighted as well as greedy. Ask Art Laffer. . . Or, ask John Kennedy. Yeah, that John Kennedy. . .
  • The Glacial Economy Recovery – Capacity Utilization Falls & Still Below 80%

    03/16/2012 12:04:56 PM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 03/16/2012 | Anthony B. Sanders
    Fed Chairman Ben Bernanke uttered these words earlier this week: “Despite some recent signs of improvement, the recovery has been frustratingly slow, constraining opportunities for profitable lending.” Today, The Fed released the industrial production and capacity utilization. Industrial production was unchanged in February after having risen 0.4 percent in January. Capacity utilization for total industry edged down to 78.7 percent, a rate 1.2 percentage points above its level from a year earlier but 1.6 percentage points below its long-run (1972–2011) average. Traditionally, The Fed watches capacity utilization as measure of economic growth. 80% is considered “the sweet spot” or goal....
  • CFTC Pulls Public Comments from JP Morgan Whistle-blower:

    03/16/2012 11:07:50 AM PDT · by Kartographer · 8 replies
    SHTF Plan ^ | 3/16/12 | Mac Slavo
    Yesterday, an open letter posted in the public comments section at the Commodity Futures Trading Commission (CFTC) by a self described JP Morgan insider and whistle-blower was removed in short order (no cache of the page exists, but it was briefly indexed by search engines). It was dead on arrival. A direct link to the letter now leads to an empty page in the hopes that it will never be seen by the 99% of Americans who tune in only to mainstream news sources for their daily dose of truth. Don’t worry, though, because if there’s one thing alternative news...
  • Dueling ballot tax initiatives? Hey Jerry, Molly’s not going away

    03/16/2012 10:13:23 AM PDT · by landsbaum · 3 replies
    Gov. Jerry Brown tried to improve his chances of raising your taxes by caving in to a teachers’ union and agreeing to merge his tax initiative with the union’s. Too many tax-increase initiatives on the ballot, Brown rightly reasons, will make it unlikely voters will approve one. But there’s still a second initiative authored by attorney Molly Munger to raise about as much in taxes as Brown’s, $9 billion to $10 billion. Munger’s would increase everyone’s state income tax. Brown’s would increase income taxes on high earners and add a quarter cent to the sales tax...
  • VIDEO: Milton Friedman - Freedom vs. Fairness

    03/16/2012 9:22:44 AM PDT · by MichCapCon · 4 replies · 2+ views
    Youtube ^ | 3/16/2012 | Milton Friedman
    Dr. Friedman discusses why freedom and fairness sometimes conflict; and how the free market solves this problem.
  • How Conservative Is Rick Santorum’s Record?

    03/16/2012 9:03:36 AM PDT · by Josh Painter · 63 replies · 1+ views
    Power Line ^ | March 15, 2012 | John Hinderaker
    Rick Santorum is regarded by many of his supporters as the “real” conservative in the GOP presidential race, and most Democrats pay him the unintended compliment of considering him an arch-conservative. Undoubtedly, Santorum is a conservative of a certain type, but how far to the right was his voting record during the three terms he spent in the United States Senate? To answer this question, I went to the American Conservative Union’s ratings archive for 2006, Santorum’s last year as a senator, and looked up the lifetime ratings of those who were in the Senate at that time. One could...
  • Government's Pot of Gold Grows on St. Patrick's Day

    03/16/2012 7:43:47 AM PDT · by 92nina
    Cost of Government Center ^ | 2012-03-13 | [Staff]
    St. Patrick’s Day is celebrated by an estimated 127.5 million people in the United States, all of whom must first pay a heavy price to government for partaking in the Irish revelry. This year, the cost of celebrating St. Patrick’s Day is driven up by government by 29.9 percent. Every tradition of the holiday carries a reminder that taxpayers’ luck has run out when it comes to the cost of government: Religious practices, parades, beverages consumed, decorations hung, special meals made and celebratory clothing donned are all targets of government taxation. These traditions are all subject to forms of income...
  • Eurocrats Carry On Up The Khyber, Determined and Delusional, says Farage (Spoof video edited in)

    03/15/2012 7:40:26 PM PDT · by Razzz42 · 3 replies
    YouTube fundraising account for EU Indpendence Party ^ | Mar 14, 2012 | Uploaded by europarl
    European Parliament, Strasbourg, 13 March 2012 (YouTube video)
  • Commentator: Illegal immigration hurts the economy

    03/15/2012 6:06:54 PM PDT · by moonshinner_09 · 7 replies
    Marketplace ^ | March 15, 2012 | Nancy Parker
    Tess Vigeland: This week as part of our election coverage, The Real Economy, we're hearing from people across the country about the issues that matter most to them. Today, San Diego resident Nancy Parker argues illegal immigration hurts the economy -- more than helps it. Nancy Parker: It's time we did something about illegal immigration in the United States. I always hear talk about the economic benefits of illegal immigration -- cheap labor and all -- but it also has economic costs nobody seems to mention. Many who work here illegally don't keep the money they earn in this country....
  • Jerry Brown says not to worry. The high-speed boondoggle will be paid for by your carbon footprint

    03/15/2012 5:11:11 PM PDT · by landsbaum · 18 replies
    Assemblywoman Diane Harkey, a Republican from Dana Point, has a way with words. She calls her bill to repeal $9 billion in available state debt funding for what we call the Moonbeam Express the “High Speed Rail Lemon Law.” Moonbeam or lemon, it amounts to the same thing: a taxpayer-financed boondoggle California can neither afford to build nor make operate profitably...
  • OBAMACARE OOPS— New CBO Numbers: Cost Will Be DOUBLE the Promised $900 Billion

    03/15/2012 5:09:24 PM PDT · by geraldmcg · 10 replies · 1+ views
    WebToday ^ | 3-15-12 | WebToday
    And the numbers just keep on coming. Not that the White House or the Democrats on the Hill really cared to begin with, but the Congressional Budget Office (CBO) sharpened its pencils again and made another pass at sizing up the projected cost of Obama’s healthcare plan. Hardly a news flash to economist Steve Beaman, entrepreneur and chairman of The Steve Beaman Group, a personal development company, the CBO’s new projected 10-year price tag is $1.76 trillion—nowhere near the original $940 billion sales pitch to get it passed. Why so off? Because in the political games people play, the 10-year...
  • Obama The Uniter: Mocks GOP Over Energy Positions

    03/15/2012 2:59:23 PM PDT · by Starman417 · 7 replies
    Flopping Aces ^ | 03-15-12 | Curt
    This man has to be the sorriest example of a "professor" ever seen. Not only does he not understand the argument against his green energy push he also "mangles U.S., world History" That is the headline at the very liberal, very leftist, blog known as Talking Points MemoYou know its bad when they are calling him out. But lets not even get into his ignorance in history. Lets get into this statement: “Now, here’s the sad thing. Lately, we have heard a lot of professional politicians, a lot of the folks who were running for a certain office, who...
  • 16 SHTF Barter Items to Stockpile

    03/15/2012 2:39:57 PM PDT · by Kartographer · 109 replies
    SHTF Plan ^ | 3/15/12 | Tyler of Debt Reckoning
    16 Things to Stockpile with High Barter Value Cigarettes. Soap. Bullets. Alcohol. MREs. Silver Coins. Detergent. Water bottles. Matches and lighters. Sugar. Toilet paper. Water Filters/Purifiers. Bleach. Batteries. Candles.
  • The Iceland Financial Renaissance Miracle Continues

    03/15/2012 2:26:14 PM PDT · by Kartographer · 3 replies · 1+ views
    ZeroHedge ^ | 3/15/12 | Tyler Durden
    When it comes to the New Normal, there are just two precedents: complacent and doomed debt slaves, such as Greece, which continues to voluntarily hand over any and all of its real assets to the vampiric banking oligarchy in exchange for simply being the member of a doomed club, while trembling at constant threats of fire and brimstone if it dares to split away from its monetary parasites (and where unemployment rises by 3% in one quarter), or the rare success story such as Iceland, which showed the bankers a middle finger, took the red pill and disconnected from the...
  • This Week’s Nanny State Breakdown

    03/15/2012 11:32:21 AM PDT · by 92nina · 11 replies
    Cost of Government Center ^ | 2012-03-09 | [Staff]
    Whether it is trying to implement a 21st century prohibition, or limit your salt intake, the nanny state has been launching attacks on all fronts in 2012. Running out of things to control and regulate, big brother’s efforts has reached new levels of lunacy. Here's a glance at the state of the Nanny State [last] week: D.C. city councilman Jack Evans has introduced new regulations and tax hikes for food trucks. The proposal includes a 10 percent tax increase on all consumer purchases. The bill is expected to pass and should be implemented by October 1st of this year. Food...
  • Jerry Brown caves in to unions? We’re shocked. Well, not really.

    03/15/2012 10:43:16 AM PDT · by landsbaum · 5 replies
    To increase his chances of increasing taxpayers’ burden, Jerry Brown has “compromised” with a teachers’ union and revised his tax initiative to take $9 billion a year out of the economy instead of the mere $7 billion he intended to take. Whereas there are some who cast this as a “compromise,” it’s more accurately identified as what it is: Gov. Jerry Brown kowtowing to the people he serves, the people who got him elected, public employee unions. In this case, public school teachers...