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Business/Economy (Bloggers & Personal)

Brevity: Headers | « Text »
  • America’s Bataan Death March toward Socialism prodded along at the point of Obama’s bayonet

    04/30/2012 8:15:01 AM PDT · by jmaroneps37 · 1 replies ^ | April 30, 2012 | George Splevin, staff writer
    A bone chilling video that should scare the daylights out of every United States citizen is making the rounds as Lt. Gen. (Ret) W. G. Boykin warns us in no uncertain terms that Barack Obama and his administration is marching this country into Marxism at an alarming speed. And if you still don’t believe the Green Beret, just review and send comments to Notre Dame President John Jenkins because a far left group is asking the IRS to remove a Catholic Diocese’s tax exempt status because Catholic principles are being preached inside the Peoria Catholic Church. Email Father Jenkins at...
  • U.S. Seeks to Improve Municipal Emergency Communications -- in Turkey

    04/30/2012 6:49:02 AM PDT · by Steve Peacock · 1 replies
    U.S. Trade & Aid Monitor ^ | April 30, 2012 | Steve Peacock
    Significant steps have been taken since 9/11 to increase the interoperability of communications systems among emergency service providers; the U.S. government, however, is stepping up efforts to coordinate such efforts in one particular city: the Turkish city of Istanbul. The incompatibility of systems used by dozens of emergency and municipal service providers across Istanbul is negatively affecting that city's disaster preparedness. Conequently, the U.S. Trade & Development Agency (USTDA) is assisting the Istanbul Metropolitan Municipality, known as the IBB, in its consolidation of 41 operations centers. According to a USTDA solicitation notice that U.S. Trade & Aid Monitor located via...
  • Clackamas County to Ditch ICLEI Membership While Portland Spends and Spends

    04/30/2012 6:11:12 AM PDT · by wheresmyusa · 10 replies ^ | 4/28/2012 | Roxanne Ross
    An announcement of momentous import was made at the April 26th 2012 Board of County Commissioners meeting of Clackamas County, Oregon. Commissioner Jamie Damon revealed that Clackamas County would not be renewing their membership in “ICLEI Local Governments for Sustainability USA” at the next annual dues deadline. Commissioner Jamie Damon stated, “This was brought up several business meetings ago, and I was unfamiliar with the organization, so I did some research and looked up the organization as well. And we have decided to not continue as members of ICLEI. So I just wanted to let you know that.” The remaining...
  • Union Sues Indiana Governor; Claims Right-To-Work Law Enforces Slavery

    04/30/2012 5:41:31 AM PDT · by MichCapCon · 18 replies
    Capitol Confidential ^ | 4/22/2012 | Tom Gantert
    An Indiana union suing Indiana Gov. Mitch Daniels over right-to-work legislation is claiming that it violates the 13th amendment — the law that outlaws slavery. In the lawsuit, the union claims that the Indiana right-to-work bill "requires dues-paying union members to work alongside non-union personnel," which the union contends is slavery. Ed Maher, spokesman for the International Union of Operating Engineers Local 150, didn’t return a message left on his office phone. Patrick Wright, senior legal analyst for the Mackinac Center for Public Policy, said the union’s claim was ridiculous. "The legal argument expands the definition of chutzpa," Wright said....
  • Solyndra Was Not The Only Failure

    04/30/2012 2:30:35 AM PDT · by Cincinatus' Wife · 15 replies
    The American Thinker ^ | April 30, 2012 | Warren Beatty
    ....Obama was emphatic about how recovery money was to be spent......Eighty percent of the Department of Energy's (DOE) green loans, loan guarantees, and grants went to Obama backers.... ...In March 2011, for example, the GAO examined the first 18 loans that were approved and found that none were properly documented. ... No notes were kept during the review process..... Schweizer concludes, "DOE Inspector General Gregory Friedman......testified that contracts have been steered to "friends and family." So with all that in mind, let's turn our attention to what has actually happened since Obama took office. * SunPower, after receiving $1.5 billion...
  • Citing "Great Recession," Dallas Police & Fire Pension Fund Trims Benefits For "New Hires"

    04/29/2012 6:25:40 PM PDT · by Lorianne · 4 replies
    Dallas Observer blogs ^ | 01 March 2012 | Robert Wilonsky
    Back in mid-June came The Big Announcement: The Dallas Police & Fire Pension System was ponying up the $200 million needed to build the long-stalled-out Museum Tower high-rise in the Arts District. That same day, you may recall, we revisited a blast from the past -- the system's $27-mil investment in Arizona, which, as of last summer, was worth close to nada. Then, just last month, the Dallas Police & Fire Pension System's name came up yet again -- this time, as an investor in Jack Matthews and NYLO's boutique hotel in the Cedars, next to the South Side. In...
  • We Can Balance the Budget. Right Now – No Tricks, No Gimmicks, and No B.S.

    04/29/2012 4:17:32 PM PDT · by Starman417 · 5 replies
    Flopping Aces ^ | 04-29-12 | Brother Bob
    We've got a federal debt problem, and our political leaders are not taking it seriously. Granted, Paul Ryan was ready to step up and give us a budget that will eventually get us back on the path to fiscal solvency, but even his suggestions were promptly scorched by our president, whose own budget proposal was such an excellent idea that it got rejected unanimously by the Democrat controlled Senate. One of the biggest problems with getting any kind of spending reforms in Washington is that to most people the federal debt is some distant issue, or worse, something that can...
  • A General-Store Race Is On: $ General's Move to Add Fresh Food Underscores Midsize Store Rivalries

    04/29/2012 4:17:12 PM PDT · by 2ndDivisionVet · 19 replies
    The Wall Street Journal ^ | April 29, 2012 | Ann Zimmerman
    MERCED, Calif.—Dollar General Inc., whose discount stores have stolen bargain-seeking shoppers from Wal-Mart Stores Inc., is trying to grab a share of the grocery business. The idea behind entering the notoriously low margin business? That stocking fresh food and more refrigerated products in midsize stores will drive shoppers to visit more frequently—and increase how much they spend on standard dollar-store fare, from corn chips to children's clothing. So far, Dollar General Market stores aren't nearly as profitable as the company's traditional dollar stores, which now number 10,000, though the company says the profit gap is narrowing. Competition is heating up...
  • The good, bad and ugly in California

    04/29/2012 2:11:53 PM PDT · by Mark Landsbaum · 4 replies
    Orange County Register ^ | 4-29-2012 | Mark Landsbaum
    Prison crowding seems to be improving, but the bullet train still lives and Gov. Brown still pursues billions more from an overtaxed populace. . . .
  • Is it time to boycott Florida? (Cover the keyboard in Saran Wrap)

    04/29/2012 2:10:09 PM PDT · by 2ndDivisionVet · 20 replies
    The Examiner ^ | April 29, 2012 | Bryian Revoner
    In the midst of this controversial ‘Stand Your Ground’ law issue in the Trayvon Martin case and in the Marissa Alexander case, three key questions immediately come to mind. Question number one is how much injustice is this ‘Stand Your Ground’ law going to inflict on the public and on good, old-fashioned common sense before it is either revised or repealed? Question number two would have to be is this barefaced differentiation in the applying of the ‘Stand Your Ground’ law in regards to both of these cases a direct reflection of the ‘War on Women’, a war on minorities,...
  • Obama’s Space Shuttle funeral dirge a show for all to see

    04/29/2012 3:18:06 AM PDT · by Cincinatus' Wife · 41 replies
    Canada Free Press ^ | April 29, 2012 | Judi McLeod
    Those lucky enough to still be here to look back at history post Barack Obama will recognize the last sight-piggyback funeral dirge of the once noble Space Shuttle as the Obama Regime’s defining moment. Were an artist to paint a picture of a small boy looking at up at his flying kite as the space shuttle passed over Manhattan yesterday, no portrait of the story of America’s deliberate ruin at the hands of a single politician could ever come closer to the truth. [BIG Snip of text] Few will remember that it was on the fullest moon of the year...
  • Reaganite's Sunday Funnies

    04/29/2012 9:55:50 AM PDT · by Reaganite Republican · 1 replies
    Reaganite Republican ^ | April 29, 2012 | Reaganite Republican
    Best political humor from around the USA this week... LMAObama    More at Reaganite Republican...
  • Sinaloa Boss Capture May Be Imminent

    04/29/2012 8:19:28 AM PDT · by AtlasStalled · 3 replies
    Friends of Ours ^ | 04/29/12 | Friends of Ours
    United States federal prosecutors in El Paso, TX may be signalling the imminent arrest by Mexican authorities of Joaquin "El Chapo" Guzman, the Forbes-listed billionaire who heads the powerful Sinaloa cartel, with his indictment as reported by Jared Taylor for Reuters: The 28-page indictment filed April 11 in U.S. District Court in El Paso, Texas, targets Guzman and 23 other men with overseeing the cartel's primary task: moving thousands of pounds of narcotics into the United States. The cartel kidnapped, tortured and murdered its enemies to further its operations in Mexico and the United States, according to the charges. Last...
  • 22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets

    04/29/2012 7:42:56 AM PDT · by SeekAndFind · 16 replies
    The Economic Collapse ^ | 04/27/2012 | Michael Snyder
    If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012. Right now, red flags are popping up all over the place. Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone could actually break up and there are signs of trouble at major banks all over the planet. Unfortunately, it looks like the period of relative stability that global financial markets have been enjoying is about to come to an end. A whole host of...
  • And the Red Ink Flows Freely on the Red Line

    04/28/2012 7:10:24 PM PDT · by jfd1776 · 11 replies
    Illinois Review ^ | April 28, 2012 A.D. | John F. Di Leo
    What Chicagoans now call The Red Line is a century-old commuter train, part of the Chicago Transit Authority (CTA). It runs all the way from Howard Street on the north to 95th Street on the south. As Aliotta-Haynes-Jeremiah famously said of nearby Lake Shore Drive, it’ll take you “from rags on up to riches” in just fifteen minutes. But unlike the scenic LSD, this train line can also give you a close-up view of some pretty rough neighborhoods, making some stations very dangerous. And the more dangerous a place is, the more you put off repairing it, until the cost...
  • Department of Labor Backs Down

    04/28/2012 1:51:47 PM PDT · by John Semmens · 23 replies
    Semi-News/Semi-Satire ^ | 28 April 2012 | John Semmens
    The Department of Labor announced that it was withdrawing its proposed rule banning the employment of persons younger than 16 years of age on farms. “There are many hazards in agricultural work,” observed Secretary of Labor Hilda Solis. “Dangerous machines, sharp tools, and large animals pose a threat to those working in this environment. Our aim was to protect children from being injured or worse. We had no idea that farm families routinely call upon their minor children to participate in undertaking the tasks of running the family business.” An outpouring of opposition to the proposed new rule from the...
  • Why car makers lie about fuel consumption (in Europe)

    04/28/2012 12:06:31 PM PDT · by Olog-hai · 59 replies
    Daily Mail (UK) ^ | 27 April 2012 11:16 AM | Michael Hanlon
    There are lies, damn lies, statistics—and official EU car fuel consumption figures. I and others have been banging on about this for years; the figures quoted by manufacturers in their ads usually (but, interestingly not always) bears absolutely no relation whatsoever to what happens in the real world. … To get those “official” figures, new cars are subjected to something called the “New European Driving Cycle”, a series of short runs on a “rolling road” where the car is accelerated, put on a short cruise and decelerated under laboratory conditions. All the car makers have to put their cars through...
  • EPA Official Regrets Remarks

    04/28/2012 11:18:18 AM PDT · by John Semmens · 18 replies
    Semi-News/Semi-Satire ^ | 28 April 2012 | John Semmens
    Environmental Protection Agency (EPA) Region 6 administrator Al Armendariz apologized for boasting that the Obama Administration’s approach toward environmental enemies was to “crucify them.” Armendariz attributed his remarks to his misunderstanding of the scope of the President’s authority. “While it is agreed that the President is empowered to kill those he deems a threat, I have been advised by the Attorney General that actually crucifying them would be construed as ‘cruel and unusual,’” Armendariz said. “Only more covert methods are currently approved.” Armendariz acknowledged “the President’s right to impose whatever restrictions he sees fit. After all, he is our ruler....
  • Not All Capitalism Is Created Equal

    04/28/2012 9:56:42 AM PDT · by Starman417 · 4 replies
    Flopping Aces ^ | 04-28-12 | Michael Henkins
    Without a doubt one of the two must underrated sites on the internet is Intellectual Takeout. It’s a place where questions are answered filtering out the bias of the political spectrum. I love this site for the challenges it presents to its readers to think beyond themselves and their world view. A few days ago I stumbled upon a gem. It goes a long way into understanding what is bubbling in the belly of the Conservative political gut. It takes on Capitalism as preached by those in power and Capitalism as understood by the conservative/libertarian voter. They are definitely...
  • Dem Says High Unemployment Will Help Party “Cruise to Victory”

    04/27/2012 9:09:51 PM PDT · by John Semmens · 43 replies
    Semi-News/Semi-Satire ^ | 27 April 2012 | John Semmens
    The normal expectation would be that high unemployment would hurt the President and his fellow Democrats come the November elections. “Not so,” says Representative Chaka Fattah (D-PA). “Every person who's unemployed or on welfare knows that it's the Democrats who will look out for them.” Fattah asserted. “The flaw in the GOP's reasoning is the mistaken notion that putting more people to work is what voters want,” Fattah said. “What everyone wants is a paycheck. They'll work for it if they have to. But getting one without being forced to work for it is the type of total freedom that...

    04/27/2012 4:49:34 PM PDT · by eeevil conservative · 46 replies
    4/27/2012 | eeevul conservstive
    I don't know how to do a screen shot.... need help to make a screen shot of a page on web.. thx
  • US Companies Are Furiously Creating Jobs... Abroad

    04/27/2012 11:54:05 AM PDT · by SeekAndFind · 7 replies
    Zero Hedge ^ | 04/27/2012 | Tyler Durden
    Whatever one thinks of the practical implications of the Kalecki equation (and as we pointed out a month ago, GMO's James Montier sure doesn't think much particularly when one accounts for the ever critical issue of asset depreciation), it intuitively has one important implication: every incremental dollar of debt created at the public level during a time of stagnant growth (such as Q1 2012 as already shown earlier) should offset one dollar of deleveraging in the private sector. In turn, this should facilitate the growth of private America so it can eventually take back the reins of debt creation...
  • Shouldn’t the “crucify them” EPA boss lose his job?

    04/27/2012 11:12:55 AM PDT · by Mark Landsbaum · 8 replies
    Remember our post yesterday about your public servant Al Armendariz, regional director of the Environmental Protection Agency, who voiced his agency’s “philosophy of enforcement” in service to America? “I was in a meeting once and I gave an analogy to my staff about my philosophy of enforcement… I’ll go ahead and tell you what I said: It was kind of like how the Romans used to … conquer villages in the Mediterranean. They’d go in to a little Turkish town somewhere, they’d find the first five guys they saw and they’d crucify them. Then, you know, that town was really...
  • GM Executive Refutes Chevy Volt / EV Hype (Good article)

    04/27/2012 9:49:24 AM PDT · by jazusamo · 28 replies
    National Legal & Policy Center ^ | April 27, 2012 | Mark Modica
    The WSJ yesterday reported that auto company executives are skeptical regarding the prospects for plug-in electric vehicles like the Chevy Volt. The skepticism was displayed at the annual Society of Automotive Engineers World Congress. Among the skeptics was General Motors' executive director of powertrain-engine engineering, Sam Winegarden (in photo). It seems that not all criticism of the Chevy Volt and cars like it are driven by a right-wing conspiracy to enrich oil companies. Mr. Winegarden presented a chart comparing the amount of energy delivered by a given volume or mass of fuel. According to the article, "On his chart,...
  • USAID Contractor Gets $61 Million to Boost Nigerian Agribusiness

    04/27/2012 9:20:37 AM PDT · by Steve Peacock · 8 replies
    U.S. Trade & Aid Monitor ^ | April 27, 2012 | Steve Peacock
    The U.S. Agency for International Development (USAID) today revealed it recently awarded a $61 million contract to Chemonics International, Inc., to boost the productivity and product quality of the Nigerian agriculture sector. Chemonics is led by Richard Dreiman, a Harvard University and UC Berkley educated CEO who worked as a privately contracted advisor to USAID/Zaire before coming to the company in 1992. Indeed, the Chemonics executive team is composed of many former USAID officials and independent contractors, including ex-USAID staffers and current Chemonics Senior VPs James Griffin, Stephen Pelliccia, Chris Scott, and Douglas L. Tinsler. Although Chemonics secured the award...
  • Texas Comptroller & Agreement brings 2500 jobs & Millions in Investments to TX

    04/27/2012 8:17:05 AM PDT · by davidbellow · 11 replies
    Texas Conservative Republican News ^ | 4/27/12 | David Bellow
    Not long ago it was discovered that Amazon was operating a facility in Texas without paying sales tax. This of course was a problem because everyone else in Texas pays sales tax, including the small local bookstores. A little over a year later, Texas Comptroller Susan Combs has announced an agreement with Amazon that settles the tax dispute and will bring 2,500 new jobs to Texas and $200 million in capital investments. This is great news for the Texas economy. This is also great news for because Texas is very business friendly and Amazon will enjoy a great environment...
  • 1 in 2 new graduates are jobless or underemployed

    04/27/2012 7:24:15 AM PDT · by Academiadotorg · 43 replies
    Associated Press ^ | April 24, 2012 | HOPE YEN
    WASHINGTON (AP) — The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don't fully use their skills and knowledge. Young adults with bachelor's degrees are increasingly scraping by in lower-wage jobs — waiter or waitress, bartender, retail clerk or receptionist, for example — and that's confounding their hopes a degree would pay off despite higher tuition and mounting student loans. An analysis of government data conducted for The Associated Press lays bare the highly...
  • VIDEO: Thomas Sowell on Welfare

    04/27/2012 5:16:18 AM PDT · by MichCapCon · 4 replies
    Youtube ^ | 4/27/2012 | Free to Choose
    Economist Thomas Sowell debates the dynamics of welfare with Pennsylvania Secretary of Welfare, Helen O'Banion (1980) in a discussion that would prove prophetic.
  • Have you seen any piggy banks for sale recently, since Barak Hussein Obama took office?

    04/26/2012 9:23:45 PM PDT · by Paleo Conservative · 13 replies
    Facebook ^ | 4/26/2012 | K H
  • Is Ron Paul Serious???

    04/26/2012 8:48:37 PM PDT · by publius321 · 36 replies ^ | April 27, 2012 | Scott Ryan
  • EPA, staffed with public servants or crucifiers?

    04/26/2012 4:49:40 PM PDT · by Mark Landsbaum · 11 replies
    Does anyone know who Al Armendariz is? Funny you should ask. He’s a public servant paid with your money to serve you, the public. How does Al do that? . . . It seems that Armendarizan, EPA regional administrator, described his approach to regulating America’s oil and natural gas companies: “I was in a meeting once and I gave an analogy to my staff about my philosophy of enforcement… I’ll go ahead and tell you what I said: It was kind of like how the Romans used to … conquer villages in the Mediterranean. They’d go in to a little...
  • China’s property boom has peaked, forever

    04/26/2012 3:01:27 PM PDT · by bruinbirdman · 10 replies
    The Telegraph ^ | 4/26/2012 | Ambrose Evans-Pritchard
    Here is some food for thought, if you are a China "take-over-the-world" bull. I have just been listening to a talk on the Chinese housing market by Xianfang Ren, Beijing analyst for IHS Global Insight. Land sales make up 30pc of total tax revenue for the central government and 70pc for local government. (For those of us who watched the Irish state balloon on the back of property taxes – when they had a fat budget surplus – this has a familiar ring.) Construction makes up 10pc of total jobs, and a further 20pc indirectly in cement, steel, metallurgy etc....
  • The Incompetent Obama – His Economic Policies Will Be Our Undoing

    04/26/2012 12:09:22 PM PDT · by Starman417 · 4 replies
    Flopping Aces ^ | 04-26-12 | Curt
    Illinois offers us a perfect example of what happens when you institute liberal policies, as Obama has done to the entire country: After trying to tax Illinois to governmental solvency and economic dynamism, Pat Quinn, a Democrat who has been governor since 2009, now says “our rendezvous with reality has arrived.” Actually, Illinois is still reality-averse, so Americans may soon learn the importance of the freedom to fail in a system of competitive federalism. Illinois was more heavily taxed than the five contiguous states (Indiana, Kentucky, Missouri, Iowa, Wisconsin) even before January 2011, when Quinn got a lame-duck legislature (its successor has fewer...
  • Is Murdoch the GOP-Elite’s version of George Soros?

    04/26/2012 11:33:01 AM PDT · by publius321 · 6 replies ^ | April 26, 2012 | Scott Ryan
    Rupert Murdoch is accused of manipulating the political process of numerous nations including the US. Every American has the right to lobby Congress and participate in the political system. But Murdoch –through ownership of prestigious outlets like the Wall Street Journal and Fox News- has the advantage of -creating- news and massaging the perceptions of tens of millions of unsuspecting viewers so they will think what he wants them to think and in turn vote how he wants them to vote despite all of the evidence of what they are doing clearly contradicting all of their professed principles! Now THAT...
  • ALEC Report Highlights EPA Overreach

    04/26/2012 11:14:28 AM PDT · by 92nina
    ATR ^ | 2012-04-25 | Heather Ginsberg
    In celebration of this year’s Earth Day, ALEC has released a new study examining the EPA and how their regulations affect the American people. As we all have witnessed, the EPA has grown in size and has passed more regulations in the first 2 years of the Obama administration than it did during the entire first term of President Clinton’s presidency. The administration has claimed to be looking out for the people’s lives and wellbeing by putting new restrictions on various energy producing communities. With this new report from ALEC it is now clear exactly what kind of impact these...
  • 100% Certainty of Total Catastrophic Failure of Entire Power Infrastructure Within 3 Years

    04/26/2012 10:36:42 AM PDT · by Kartographer · 75 replies
    As smart grid metering systems expand across the developed world, many are starting to ask whether the threats posed by the new devices, which officials promise will save energy and reduce end user utility costs, outweigh their benefits. In addition to documented health concerns resulting from radiation emissions and no cost savings being apparent, opponents of the technology argue that smart meters are violative of basic privacy rights and give the government yet another digital node of unfettered access to monitor and control personal electricity consumption. Now, an alarming new documentary suggests that security problems with the inter-connected and seemingly...
  • Obama Administration Launching Business Competitiveness Project

    04/26/2012 10:24:38 AM PDT · by Steve Peacock · 6 replies
    U.S. Trade & Aid Monitor ^ | April 26, 2012 | Steve Peacock
    Improving "private sector competitiveness" as well as increasing access to financing will help drive "sustainable economic growth" while reducing poverty, according to the Obama Administration. Consequently, it is launching the Finance and Business Services (FaBS) Project to achieve such goals -- in Ethiopia. The U.S. must step in to help because of the global economic downturn and the restrictive economic policies enacted in response to those changes, according to Solicitation #SOL-663-12-000013: Despite impressive growth over the past 5-7 years, Ethiopia’s private sector continues to struggle as a result of an inefficient business climate as well as a number of firm/industry...
  • Why Comrade Brown's People's Socialist Republic of California is Broke as a Joke

    04/26/2012 8:50:46 AM PDT · by Reaganite Republican · 12 replies
    Reaganite Republican ^ | April 26, 2012 | Reaganite Republican
    Current list of California state agencies: California Academic Performance Index (API) * California Access for Infants and Mothers * California Acupuncture Board * California Administrative Office of the Courts * California Adoptions Branch * California African American Museum * California Agricultural Export Program * California Agricultural Labor Relations Board * California Agricultural Statistics Service * California Air Resources Board(CARB) * California Allocation Board * California Alternative Energy and Advanced Transportation Financing Authority * California Animal Health and Food Safety Services * California Anti-Terrorism Information Center * CaliforniaApprenticeship Council * California Arbitration Certification Program * California Architects Board * California...
  • Initial Jobless Claims Fall (Rise) – Replaces Harry Potter as the Most Popular Work of Fantasy

    04/26/2012 8:29:35 AM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 04/26/2012 | Anthony B. Sanders
    According to the Wizards at Hogwarts (aka, the Department of Labor), “In the week ending April 21, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 1,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 381,750, an increase of 6,250 from the previous week’s revised average of 375,500.” So, initial jobless claims were HIGHER than the survey of economists, HIGHER than the the prior week, but LOWER than the REVISED initial jobless claims. As I said in an interview to Daniel Harsanyi at Human Events about the BLS constant revisions of...
  • Point of No Return: "Australia is Screwed"

    04/25/2012 10:55:49 PM PDT · by Olog-hai · 14 replies
    Mish's Global Economic Trend Analysis ^ | Sunday, April 22, 2012 11:19 AM | Mike Shedlock
    (The Age's Ian) Vettender bemoans "lending has run counter to the most fundamental laws of economics". Mish says, what a bunch of nonsense. Australian banks will not admit so, but they are capital-impaired or soon will be (and they likely know it). I suggest banks have loans on the books that will not be paid back and they do not have adequate loan loss provisions. Vettender notes: "a drop in lending for new housing and for business, falls to levels not seen in decades, sometimes of a magnitude never before recorded. No-one is borrowing." Yes indeed "No-one is borrowing". Vettender...
  • Need Online Backup not Carbonite (Vanity)

    04/25/2012 8:27:21 PM PDT · by GlockThe Vote · 30 replies
    April 25, 2012 | Mself
    I run a small office in NYC and need to do online backup to cover my Office for data. I refuse to use carbonite due to how they treated Rush. I don't have huge needs, just basic office needs. Any alternatives to Carbonite?
  • Murdoch "Puppet Master" accusations in Briton could explain Fox's Behavior toward...

    04/25/2012 8:26:46 PM PDT · by publius321 · 2 replies ^ | April 26, 2012 | Scott Ryan
    Murdoch "Puppet Master" accusations in Briton could explain Fox's Behavior toward Conservatives v. Romney......... Today Rupert Murdoch was "grilled" by the Leveson Inquiry on his relationship with British politicians, a key question thrown up by the phone hacking scandal at his now-defunct News of the World tabloid. Revelations of widespread illegal behavior at the top-selling Sunday newspaper rocked Britain's establishment with evidence of media misdeeds, police corruption, and too-cozy links between the press and politicians. Buffeted by the scandal, Cameron called for a public inquiry into media ethics, a move some observers said had angered Murdoch and prompted him to...
  • Europe faces Japan syndrome as credit demand implodes

    04/25/2012 3:45:43 PM PDT · by bruinbirdman · 4 replies
    The Telegraph ^ | 4/25/2012 | Ambrose Evans-Pritchard
    Europe could be facing a Lost Decade like Japan's Europe (minus Germany) looks more like post-bubble Japan each month. The long-feared credit crunch has mutated instead into a collapse in DEMAND for loans. Households and firms are comatose, or scared stiff, in a string of countries. Demand for housing loans fell 70pc in Portugal, 44pc in Italy, and 42pc in the Netherlands in the first quarter of 2012. Enterprise loans fell 38pc in Italy. The survey took place in late March and early April, and therefore includes the second of Mario Draghi’s €1 trillion liquidity infusion (LTRO). The ECB said...
  • Rising Interest on Federal Debt | Don’t Double My Rates

    04/25/2012 3:26:43 PM PDT · by NaturalBornConservative · 3 replies
    Natural Born Conservative ^ | April 25, 2012 | Larry Walker, Jr.
    Hey, Don’t Double Obama’s Rates!* By: Larry Walker, Jr. *Mr. Obama asked students at the University of North Carolina yesterday afternoon to tell their members of Congress one thing: Don’t double my rates.Once again, Mr. Obama doubled down on flimflam, this time misdirecting towards rising interest rates on student loan debt -- instead of targeting the rising cost of interest on the federal debt. According to the White House, interest on the federal debt is projected to surpass $1.0 trillion per annum by the year 2020. Mr. Obama also failed to mention the $494 billion tax hike scheduled to hit American...
  • Political bottom stories of the day

    04/25/2012 1:15:46 PM PDT · by Mark Landsbaum · 19 replies
    We just found out that Newt Gingrich is going to drop out of the race for the Republican nomination for president. Yawn. That’s the biggest non-news since last night when we learned that Mitt Romney won in Rhode Island and some other places. Yawn. Well, we guess this means the field for president has been narrowed to the two serious candidates. But wait. Wasn’t there another candidate? . . .
  • Political bottom stories of the day

    04/25/2012 1:15:24 PM PDT · by Mark Landsbaum · 5 replies
    We just found out that Newt Gingrich is going to drop out of the race for the Republican nomination for president. Yawn. That’s the biggest non-news since last night when we learned that Mitt Romney won in Rhode Island and some other places. Yawn. Well, we guess this means the field for president has been narrowed to the two serious candidates. But wait. Wasn’t there another candidate? . . .
  • 2012 GPA Redistribution Petition & Video Contest - Carthage College

    04/25/2012 12:45:08 PM PDT · by jcsjcm · 1 replies
    Youtube ^ | Apr 20, 2012 | YAFTV
    Carthage College students Danielle Cleveland, Matt Holmes, Caitlyn Stenerson, Chelsea Shields, and Peter Leaman present their entry in YAF's 4th Annual GPA Redistribution Petition & Video Contest!
  • A Tax Hike Is Not A Spending Cut

    04/25/2012 11:27:22 AM PDT · by 92nina · 1 replies
    ATR ^ | 2012-04-24 | Will Upton
    The Illinois Policy Institute has produced some excellent analysis of Governor Pat Quinn’s budget gimmick and the Illinois House budget resolution containing a massive $350 million tobacco tax hike, noting: “A tax hike is not a spending cut.” Below is the Illinois Policy Institute’s open letter to the Illinois General Assembly opposing the tobacco tax increase: Dear Legislator: Both Gov. Quinn’s budget proposal and the House budget resolution called for a $2.7 billion reduction in Medicaid liabilities. Similarly, the governor and the General Assembly have committed to reducing the tax burden for working families. Yet Gov. Quinn’s recently released Medicaid...
  • Air Resources Board, it’s from the government and here to help you. Right.

    04/25/2012 10:33:59 AM PDT · by Mark Landsbaum · 2 replies
    As we’ve seen, you can’t believe what politicians tell you. Yes, that’s a shocker, we know. But voters seem to buy the same old clap trap time after time then wonder what went wrong. Just more evidence of our point from some weeks ago. So, you might recall some years ago the Legislature adopted and the governor at that time, a former movie actor, signed into law the much trumpeted Global Warming Solutions Act. What could go wrong? . . .
  • Obama’s Plan: Raise Taxes, Spend More, and Pander Some More

    04/25/2012 10:05:33 AM PDT · by Starman417 · 4 replies
    Flopping Aces ^ | 04-25-12 | Curt
    Runaway spending is causing our doom, so why not spend a bit more. This time to pander to the youth in our country: Obama told the students that since they were born, tuition and fees at colleges have doubled. “And that forces students like you to take on a lot more loans, there are fewer grants, you rack up a lot more debt,” Obama stated. “Can I get an Amen for that?” he asked the crowd who cheered, “AMEN!” “Now, the average student who borrows to pay for college, now graduates with with about $25,000 in debt, that’s the average,...