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Business/Economy (Bloggers & Personal)

Brevity: Headers | « Text »
  • Subsidizing Failure

    06/07/2012 11:46:04 AM PDT · by Congressman Tom McClintock · 4 replies
    Rep. Tom McClintock ^ | June 1,2012 | Rep. Tom McClintock
    Subsidizing Failure House Chamber, Washington, D.C. June 1, 2012 Mr. Chairman: This amendment saves nearly one and a half billion dollars by ending the failed Energy Efficiency and Renewable Energy Program. If we’re serious about an “all of the above energy policy” we’ve got to stop using taxpayer money to pick winners and losers based on their political connections, and instead require every energy company to compete on its own merits as decided by the customers it attracts by offering better products at lower cost. For too long we have suffered from the conceit that politicians can make better energy...
  • Subsidizing Failure

    06/07/2012 11:45:58 AM PDT · by Congressman Tom McClintock · 1 replies
    Rep. Tom McClintock ^ | June 1,2012 | Rep. Tom McClintock
    Subsidizing Failure House Chamber, Washington, D.C. June 1, 2012 Mr. Chairman: This amendment saves nearly one and a half billion dollars by ending the failed Energy Efficiency and Renewable Energy Program. If we’re serious about an “all of the above energy policy” we’ve got to stop using taxpayer money to pick winners and losers based on their political connections, and instead require every energy company to compete on its own merits as decided by the customers it attracts by offering better products at lower cost. For too long we have suffered from the conceit that politicians can make better energy...
  • Facebook NASDAQ:FB Big Money went Short (#1 Short Sale Target for Big Cap Stocks)

    06/07/2012 9:12:35 AM PDT · by C19fan · 3 replies
    LIVE TRADING NEWS ^ | June 7, 2012 | Staff
    hort Sellers focused on Facebook, # 1 target for Big-Cap companies Facebook has attracted more Short Sell attention than any other Big Cap US company, as they bet that the World’s biggest social-networking company will keep falling after losing $27-B since its IOP in May. Short interest in the California-based company reached 5.9% of shares outstanding, according to data compiled by Data Explorers Ltd.
  • Voters Reject 114 Percent Tax Increase on Cigarettes in California

    06/07/2012 8:07:02 AM PDT · by 92nina · 14 replies
    ATR ^ | 2012-06-06 | Joseph Shanahan
    Despite having the second lowest smoking rate in the country, voters in California have rejected Proposition 29, which would have more than doubled the tobacco excise tax. Proposition 29’s supporters purported that the measure would raise $775 million in funds for cancer research, but the results from California show that smokers and non-smokers alike saw that Prop. 29 would’ve funneled taxpayers dollars to an unaccountable bureaucracy. It's clear that because of this, Proposition 29 was never really about smoking at all. This remarkable victory comes at a crucial time in California. With a budget deficit of over $16 billion accrued...
  • Moving the market..

    06/07/2012 7:17:11 AM PDT · by pickrell · 2 replies
    07-Jun-2012 | Ron Pickrell
    Heavy gains were made in the stock market yesterday as traders reacted to the news that a shoelace factory in Burma would increase hiring. An unnamed spokesman for White House spokesman Jay Carney, brushed aside suggestions that optimism was instead more closely related to the recently demonstrated power in Michigan that voters have finally had just about enough of progressive economic vandalism. "Suggestions that extremist conservative ideas, such as acting responsibly with taxpayers money, could possibly have any bearing on whether or not people choose to invest, is simply silly. It had to be the shoelace factory. Anyway, that's our...
  • Michigan Licensing Laws Must Change

    06/07/2012 5:55:59 AM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 6/4/2012 | Dick Carpenter, Ph.D.
    This spring brought a bit of bad and good economic news for Michigan. First the bad news: In May, Chief Executive magazine released results from a poll of CEOs in which respondents named the 10 worst states for doing business. States were rated on taxes, regulatory structures and other costs of doing business, and Michigan ranked among the worst. The good news is, however, initial efforts are underway that could help make Michigan a better place to get and create jobs. In April, Gov. Rick Snyder’s Office of Regulatory Reinvention recommended, after months of study, the elimination of 18 occupational...
  • Making Reporters Use Government Equipment to Write About Jobs Numbers?

    06/06/2012 7:33:33 PM PDT · by jazusamo · 8 replies
    PJ Media ^ | June 6, 2012 | Bridget Johnson
    The unilateral, unprecedented move by the Labor Department with this politically critical data has First Amendment proponents up in arms.The deadline is closing in on a Labor Department order requiring news organizations to use government computers and equipment to distribute sensitive economic data — including the politically important and sometimes unsavory monthly jobs report. Until now, reporters have been provided the Labor data shortly before the embargoed release time to analyze and draft their stories from a lock-up room at the department. When it’s release time, the Labor Department flips a switch to let news organizations transmit over secure lines...
  • The Limits of Monetary Policy and the Importance of Fiscal Policy

    06/06/2012 5:19:42 PM PDT · by moneyrunner · 2 replies
    The Virginian ^ | 6/6/2012 | Moneyrunner
    Here is the rub. As mentioned, the FOMC sets monetary policy for the nation, for all 50 states—its influence is uniform across America. The same rate of interest is charged on bank loans to businesses and individuals in Texas as is charged New Yorkers or the good people of Illinois or Californians; Texans pay the same rates on mortgages and so on. Why is it that the Texas economy has radically outperformed the rest of the states? A cheap answer is to revert to the hackneyed argument that Texas has oil and gas. It is true that we produce as...
  • Despair As Collapse Accelerates: “My Shotgun is Full I Hope I Don’t Need to Use It.”

    06/06/2012 4:41:35 PM PDT · by Kartographer · 54 replies
    SHTF Plan ^ | 6/6/12 | Mac Slavo
    Our long time friend and regular contributor Manos has been keeping us abreast of the day-to-day goings on in Greece for the better part of three years. Suffice it to say, it’s getting worse with very little hope of resolution to the economic and political woes facing the country, as well as its European neighbors. The following is a first person perspective of the realities on the ground, and what it looks like in the midst of a truly frightening economic collapse that threatens to not only wipe out the financial wealth and life savings of an entire nation, but...
  • The White House's Mortgage Refi for Dummies - A Letter From Obama

    06/06/2012 4:04:34 PM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 0606/2012 | Anthony B. Sanders
    The Federal Reserve released its Beige Book (not to be confused with the Necronomicon from Bruce Campbell’s film “Army of Darkness”) said today that the U.S. economy maintained a moderate pace of growth as factory output rose and the real-estate market improved. “Overall economic activity expanded at a moderate pace” from early April to late May, the Fed said in its Beige Book business survey, which is based on reports from its 12 district banks. “Hiring was steady or increased slightly.” Real GDP growth at 1.9% is pretty moderate. And a cash only/investor housing recovery is doing about as well...
  • How do Romney and Obama compare on loans to help a business become profitable?

    06/06/2012 4:03:49 PM PDT · by Mark Landsbaum
    Let us stipulate that the government shouldn’t be making loans to companies in the first place. It’s not a proper role for government, which perhaps more than any other entity on the planet is most incapable of understanding what makes private businesses profitable. That said, how have the two candidates for president differed when they have done what governments shouldn’t be doing in the first place? . . .
  • SEIU Sues State, Governor to Keep Home Health Care 'Dues Skim' Money Flowing

    06/06/2012 12:43:35 PM PDT · by MichCapCon · 8 replies
    Michigan Capitol Confidential ^ | 6/3/2012 | Tom Gantert
    The union that was taking money from the state subsidy checks of 60,000 home health care workers has sued Gov. Rick Snyder and the state Department of Community Health a few days after the Attorney General ordered an end to the practice. The Service Employees International Union Healthcare Michigan lawsuit claims the state is ending an existing collective bargaining agreement and is in violation of the contract clause of the U.S. Constitution. The SEIU has taken more than $30.4 million from the home health care aides since 2007. A judge has put disputed union dues of $500,000 — the amount...
  • Slackers for Obama Picks Up Where Occupy Movement Left Off

    06/06/2012 10:25:43 AM PDT · by MichaelAsher54 · 15 replies
    Washington, D.C. – In an act of desperation after the sizable Democrat loss in Wisconsin, President Obama’s campaign is targeting underachievers and all Americans who like entitlements with a brand new movement called Slackers for Obama. “With Occupy Wall Street’s numbers in decline, we felt we had to reenergize the vast majority of Americans who’ve become accustomed to handouts and give them a reason to believe that Obama will win reelection and keep the freebies coming,” said Communications Director for Obama's re-election campaign David Axelrod. Together, Axelrod and Senior Advisor to the President David Plouffe came up with the slogan,...
  • City Cuts Police OT in Half Once Union Contract’s Restrictive Language Was Removed

    06/06/2012 9:46:48 AM PDT · by MichCapCon · 8 replies
    Michigan Capitol Confidential ^ | 6/3/2012 | Tom Gantert
    When Joyce Parker took over as emergency manager for the city of Ecorse in 2009, she was faced with a police union whose five-year contract had been expired for two years. Faced with $8 million in debt, Parker wasn’t going to be able to save any money in police overtime with more efficient scheduling. That was because the contract wouldn’t allow it. The provision of the Police Officers Association of Michigan contract read: “The City will not change the work schedule resulting in the loss of overtime.” “I’ve never seen that in a contract,” Parker said this month. “There is...
  • MBA: Refinance Activity Increases as Mortgage Rates Fall (Fed Mulling More Monetary Stimulus!)

    06/06/2012 7:37:31 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 06/06/12 | Anthony B. Sanders
    The MBA Refinance Index has shown a general increasing trend since early 2011 (pink line) and is almost reaching the peak of the 2010 refi waves. Actually this is quite disappointing given 14 Administration mortgage refinancing programs and historically low mortgage rates. Perhaps even more disappointing is the MBA Purchase Application Index. It actually fell (again) and remains in “the red zone.” That is, the red zone of little growth. It is hard to argue for a strong housing recovery fueled by cash-only and investors. Are we becoming a nation of renters? Thanks to both Fed monetary policy and Europe’s...
  • Scott Walker 'the liberal slayer' wins one for the producers(he is our Tea Party model hero)

    06/05/2012 8:44:52 PM PDT · by sickoflibs · 23 replies
    sol rant | 6/5/2012 | sickoflibs
    Wisconsin count as of 11:30pm EST , Walker 54%, Barrett 45%. NBC calls it for Walker back at about 10pm. It was a classic. I watched MSNBC all night flipping to FNC only briefly from time to time. Over at ‘MSNBC/Destroy Walker-BC’ they were predicting such a close election that they said it would probably require a recall. 'Be prepared for a long night' they repeated. Dem are knocking on a million doors today, boots on the ground', they were calling those who didn't vote in 2010 to shame them to get out and vote. Then with 1% counted Walker...
  • Who’s science and math do you buy? The EPA’s?

    06/05/2012 5:42:55 PM PDT · by Mark Landsbaum · 6 replies
    Government agencies, who have a vested interest in justifying what they spend, expanding what they do and making a case for more of both, are hardly disinterested parties. Witness the EPA, that political entity dating to the Nixon Administration, which was created much like opening a Pandora’s box. The unforeseen consequences continue to pour forth to degrees not even Rachel Carson could have imagined. One of the short-comings of the mainstream media is that it swallows then regurgitates so much of what the government has to say about itself without bothering to critically examine, or even to seek out other...
  • Speaking of a war on women…

    06/05/2012 4:04:59 PM PDT · by Mark Landsbaum · 6 replies
    To hear the Democrats and presidential re-election candidate Barack Obama tell it, the Republicans and that party’s presidential candidate wage a war on women. What would a war on women look like? . . .
  • I Stand With ALEC (Fight Van Jones and the Left)

    06/05/2012 1:31:54 PM PDT · by 92nina · 3 replies
    I Stand With ALEC ^ | 2012-06-05 | ATR
    What is ALEC? The American Legislative Exchange Council (ALEC) is dedicated to promoting Jeffersonian, free market principles. At ALEC, bi-partisan state legislators from every state come together to develop and share pro-growth, pro-jobs policies. Why Stand With ALEC? Obama's former "green jobs" czar and self-proclaimed communist, Van Jones, has partnered with George Soros and Big Labor to put pressure on state legislators and supportive companies to stop supporting ALEC and their free market agenda. How Can I Help? The left has already been successful in persuading several large corporations to leave the ALEC Private Enterprise Members. Send them, the remaining...
  • Nein! Nein! Nein! Again

    06/05/2012 1:20:02 PM PDT · by bruinbirdman · 5 replies
    The Telegraph ^ | 6/5/2012 | Ambrose Evans-Pritchard
    No, Germany has not agreed to a "banking union". It has not agreed to mutualise the costs of bank bail-outs, knowing perfectly well that this means 'Eurobonds lite' and the start of a slippery slope towards debt pooling. A banking union? Nein It has not cleared the way for use of the EU rescue machinery (EFSF and ESM) for direct recapitalisation of banks – which is what Spain wants to avoid having to bear the contingent liabilities of its crumbling lenders on sovereign shoulders. Germany has not moved one inch towards fiscal union of any kind. It may do so...