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Business/Economy (News/Activism)

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  • Why Is America Richer than Kazakhstan, and Why Has Estonia Surpassed Croatia?

    05/04/2015 9:12:26 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | May 4, 2015 | Daniel J. Mitchell
    Even small differences in economic growth make a big difference to living standards over time. I frequently share this chart, which highlights how long it takes to double economic output based on different growth rates. I also use real-world examples to show how some nations become much richer than other nations within just a few decades because of better policy and faster growth.Here’s another way to approach the issue. Let’s use a hypothetical example to reinforce the importance of growth. If we went back to 1870 and assumed our economy’s nominal growth rate was one percentage point slower than it...
  • US businessmen lining up to do business with Iran

    05/04/2015 7:54:22 AM PDT · by SeekAndFind · 33 replies
    American Thinker ^ | 05/04/2015 | Rick Moran
    Capitalism is a wonderful thing - except when it isn't. Several US businessmen - oil execs for instance - are eagerly waiting for the day when "normalizing" relations with Iran would lead to exploiting the business opportunities offered by the mullahs. The Hill: Leaders from the United States’ oil industry are traveling to Iran this week to discuss potential investment opportunities, Iran’s government said. The delegation of oil company leaders and investors are visiting Iran in anticipation of sanctions being loosened against Tehran, Iran’s state-owned Mehr News Agency reported Monday. “It is forecast that by the visit of [the] American delegation...
  • Not enough money? Baltimore got $1.8 billion from Obama Stimulus

    05/04/2015 7:51:13 AM PDT · by SeekAndFind · 34 replies
    American Thinker ^ | 05/04/2015 | Thomas Lifson
    Last Tuesday, President Obama blamed the GOP-controlled Congress for its failure to fund the “massive investment in urban communities” that could “make a difference.” Well, how does $1.8 billion for the 622,000 people of Baltimore sound? Pretty massive, actually just about $290 for every man, woman, child, and baby of the entire City of Baltimore. But that’s the total amount of Obama Stimulus money sent to Charm City, according to an analysis by The Free Beacon:  The city of Baltimore received over $1.8 billion from President Barack Obama’s stimulus law, including $467.1 million to invest in education and $26.5...
  • EPA Regulates Without Science

    05/04/2015 7:10:18 AM PDT · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | May 3, 2015 | Malcolm A. Kline
    When academic studies back up Obama Administration policies, you will never hear the end of them. When they dont, you will never hear the beginning of them. Take, for example, the recent study by Johns Hopkins University examining the science behind new EPA regulations. A new study authored by a research team led by Dr. Corrine Keet of Johns Hopkins Childrens Center has found no link between outdoor air pollution and childhood asthma, Alyssa Carducci writes in Environment & Climate News. Dr. Keets team followed 23,000 U.S. children and found no statistically significant difference in asthma rates between those who...
  • Wounded Warrior Charity Unleashes HellOn Other Veteran Groups

    05/04/2015 7:05:53 AM PDT · by pabianice · 27 replies
    Daily Beast ^ | 5/4/15 | Mak`
    What happens when a non-profit that was started to help veterans becomes the neighborhood bully? For a charity supposedly devoted to helping veterans, the Wounded Warrior Project spends an enormous amount of time suing or threatening to sue small non-profitsspending resources on litigation that could otherwise be spent on the vets they profess to serve. At issue is the Wounded Warrior Projects brand: the charity has become particularly litigious over the use of the phrase wounded warrior or logos that involve silhouetted soldiers. At least seven such charities have discussed their legal problems with The Daily Beast. The Wounded Warrior...
  • Ten-engine electric plane prototype takes off [NASA]

    05/04/2015 6:56:04 AM PDT · by Red Badger · 27 replies
    Phys.Org ^ | 05/04/2015 | by Kathy Barnstorff & Provided by NASA
    Credit: NASA Langley/David C. Bowman A team at NASA's Langley Research Center is developing a concept of a battery-powered plane that has 10 engines and can take off like a helicopter and fly efficiently like an aircraft. The prototype, called Greased Lightning or GL-10, is currently in the design and testing phase. The initial thought was to develop a 20-foot wingspan (6.1 meters) aircraft powered by hybrid diesel/electric engines, but the team started with smaller versions for testing, built by rapid prototyping. Imagine a battery-powered plane that has 10 engines and can take off like a helicopter and fly...
  • Boyz II Men co-founder launches campaign to help homeless Capitol worker

    05/04/2015 6:08:37 AM PDT · by SoFloFreeper · 7 replies
    CNN ^ | 4/27/15 | Dana Bash
    ...After seeing CNN's story Friday on Charles Gladden -- a man who works in the Senate cafeteria but lives on the streets -- Nathan Morris, the co-founder of musical group Boyz II Men, started an online call to arms to help. Using a crowd-funding site "Go Fund Me," Morris urged people to make a donation to help Gladden find housing.... ...Gladden, 63, makes about $11 an hour, and takes home about $360 a week. But he said he gives a lot of it to his children and grandchildren, who have their own financial troubles. "I take care of them," he...
  • Baltimore Received $1.8 Billion from Obamas Stimulus Law City burned despite massive investment

    05/04/2015 5:20:00 AM PDT · by KeyLargo · 17 replies
    Free Beacon ^ | May 4, 2015 | Elizabeth Harrington
    Baltimore Received $1.8 Billion from Obamas Stimulus Law City burned despite massive investment implemented by president BY: Elizabeth Harrington May 4, 2015 5:00 am The city of Baltimore received over $1.8 billion from President Barack Obamas stimulus law, including $467.1 million to invest in education and $26.5 million for crime prevention. President Obama claimed last Tuesday that if the Republican-controlled Congress would implement his policies to make massive investments in urban communities, they could make a difference right now in the city, currently in upheaval following the death of Freddie Gray. However, a Washington Free Beacon analysis found that the...
  • Unions Donate to Sharptons Nonprofit and Win Airtime on Sharptons MSNBC Show

    05/04/2015 4:14:04 AM PDT · by Zakeet · 9 replies
    National Review ^ | May 4, 2015 | Jillian Kay Melchior
    Since Politics Nation debuted on MSNBC on August 29, 2011, Al Sharptons nonprofit National Action Network has collected more than $2.38 million in contributions from unions, according to Department of Labor records. Meanwhile, Sharpton has often used his show to promote pro-labor viewpoints, also inviting union leadership on as guests. National Action Network ... has apparently remained in financial trouble. A 2013 filing with the Internal Revenue Service showed the nonprofit had ended the year with negative assets of $1.33 million. Nonprofit experts have told National Review that the Sharptons six-figure salary from National Action Network, as well as the...
  • Wisconsin FoodShare fraud crackdown questioned (12-fold increase under Gov. Scott Walker)

    05/04/2015 2:26:35 AM PDT · by Cincinatus' Wife · 26 replies
    LaCrosse Tribune ^ | May 4, 2015 | Bill Lueders Wisconsin Center for Investigative Journalism
    MADISONUnder Republican Gov. Scott Walker, Wisconsin has seen a nearly 12-fold increase in the number of people suspended annually from the states food stamp program for fraud.The suspensions for intentionally violating program rules are part of a larger get-tough approach to people receiving federally funded nutrition assistance, called FoodShare in Wisconsin. Walker has also introduced new work rules for some FoodShare recipients, and proposes to seek a federal waiver to begin requiring all adult participants of the program to undergo drug testing.In 2011, Walkers first year as governor, 102 people were suspended from the FoodShare program for violating program rules,...
  • A Closer Look at Scott Walkers Record on Jobs

    05/04/2015 1:42:04 AM PDT · by Cincinatus' Wife · 2 replies
    Wall Street Journal ^ | May 3, 2015 | Andy Puzder
    Wisconsin ranks 40th in the nation for job growth, or so says a recent Bureau of Labor Statistics report. Many in the media and political circles pounced on the release as evidence that the policies of Republican Gov. Scott Walker, a potential presidential candidate, have left the Badger State trailing much of the nation. But the report failed to give sufficient context to Wisconsins job growth. The BLS, along with other reports touting similar results, ranked states based on how much private employment increased over a year. Why might Wisconsins employment increase seem modest? One reason could be that more...
  • Scott Walker Is Making MASSIVE Changes To Welfare Will Impact Freeloaders Harshly

    05/04/2015 12:17:52 AM PDT · by Cincinatus' Wife · 54 replies
    US Herald ^ | May 3, 2015 | Ryan Brown
    Under Governor Scott Walker's leadership, Wisconsin will join eleven other states as the newest state to require welfare recipients to pass a drug test before they can receive state welfare funds. While some liberals and liberal-minded religious groups have called out Walker for "targeting" the poor and those with addictions, Walker's response has been spot on: if they're receiving funds from the state, the state should be able to make rules for these people to live by before they can receive a dime. But Walker's drug test isn't simply a play to restrict the number of people who will be...
  • Is Russia Planning to Disassemble the International Space Station?

    05/04/2015 12:03:29 AM PDT · by WhiskeyX · 41 replies
    The Motley Fool ^ | May 3, 2015 | Rich Smith
    Is Russia Planning to Disassemble the International Space Station? Goodbye, International Space Station. We hardly knew ye. For nearly two decades, since the launch of its first "module" in 1998, the International Space Station has been a symbol of global cooperation, and the site of actual cooperation among scientists from many nations. Comprised of 15 separate modules, and inhabited continuously since 2000, the International Space Station has hosted upward of 200 astronauts and cosmonauts from 15 different nations over 17 years in service. But in just a few more years, all this will come to an end. Like disassembling an...
  • Russia: Massive Capital Flight Continues

    05/03/2015 11:40:01 PM PDT · by WhiskeyX
    EurasiaNet ^ | April 30, 2015 - 11:52am | EurasiaNet
    Amid Russias economic woes, billions of dollars continue to disappear in offshore havens. The net outflow of capital from Russia reached $32.6 billion during the first quarter of 2015, according to the nations Central Bank. The bank is now forecasting that capital flight may reach $131 billion by the end of the year. In reporting first quarter numbers, the Central Bank also upwardly revised the 2014 figure for net capital outflow to $154.1 billion from the previously reported $151.5 billion. That figure marks the highest annual total of capital flight since the Central Bank started tracking the trend back in...
  • Sessions: Trade deal opens immigration floodgates, OK's future Obama changes to "living agreement"

    05/03/2015 11:28:10 PM PDT · by Cincinatus' Wife · 17 replies
    Washington Examiner ^ | May 3, 2015 | Paul Bedard
    President Obama's bid for fast track trade authority along with a huge Asian trade deal fell into further trouble Sunday night when a key Republican senator charged that the deals open the door to more immigration and let the administration make future changes without congressional approval. Alabama Sen. Jeff Sessions delivered the bruising blow when he raised five questions about the Trade Promotion Authority speeding through Congress and the Trans Pacific Partnership trade deal that TPA would help push. "The president has circumvented Congress on immigration with serial regularity. But the TPA would yield new power to the executive to...
  • Arms sales becoming Frances new El Dorado, but at what cost?

    05/03/2015 11:23:16 PM PDT · by WhiskeyX · 2 replies
    France 24 ^ | 2015-05-04 | Sam BALL
    Frances booming arms trade has proved one of the few bright spots for the countrys struggling economy. But as President Franois Hollande heads to Saudi Arabia on Tuesday, will there be a moral and strategic cost to the deals he might bring back? When Qatar agreed to buy 24 French Rafale fighter jets in a 6.3 billion contract at the end of April, it represented yet another major success for Frances arms industry, coming hot on the heels of further multi-billion euro sales of Rafales to Egypt and India.
  • Three oligarchs sell half of Latvian transport company to Russian Railways

    05/03/2015 11:17:19 PM PDT · by WhiskeyX · 1 replies
    The Baltic Times ^ | 2015-04-13 | The Baltic Times
    According to information from the Lursoft database, Russian Railways, through an Amsterdam registered affiliate RZDL Multimodal, has purchased 50% of the shares of logistics company Liepājas Oil Transit (LNT). The remaining shares of the company, through a number of firms, are owned by former Prime Minister Andris Skeles’ family, former politician Ainārs Šlesers and Ventpils Mayor Aivars Lembergs’ representative, considered to be Ansis Sormulis’ brother, Ivars Sormulis, as well as Russia citizen, Elena Volkova.
  • Kerry due in Kenya after years of estrangement

    05/03/2015 7:50:26 PM PDT · by jonatron · 17 replies
    New 24 ^ | 2015-05-03 | Staff
    Nairobi - US Secretary of State John Kerry arrives in Kenya on Sunday for talks on security co-operation and ahead of US President Barack Obama's visit to his late father's home country. The trip to the east African nation is the first high-level visit since 2012, and comes after a year of tensions surrounding Kenyan President Uhuru Kenyatta being charged by the International Criminal Court for crimes against humanity. The ICC has since abandoned the case against Kenyatta over his role in the 2007-2008 post-election violence, citing a lack of evidence and Kenya's failure to cooperate - somewhat removing Kenyatta's...
  • Major U.S. Retailers Are Closing More Than 6,000 Stores

    05/03/2015 4:02:11 PM PDT · by dennisw · 140 replies
    zerohedge ^ | 05/02/2015 | Michael Snyder
    Submitted by Michael Snyder via The Economic Collapse blog, If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The retail apocalypse that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes? For a long time, I have been pointing to 2015 as a...
  • Our Banking System is a Giant House of Cards

    05/03/2015 1:17:50 PM PDT · by Lorianne · 21 replies
    Institute for New Economic Thinking ^ | 21 April 2015 | Lynn Parramore inteviews Anat Admati
    Lynn Parramore: How would you describe the problem of Too Big to Fail banks. Whey does it matter to an ordinary person? Anat Admati: Too Big to Fail is a license for recklessness. These institutions defy notions of fairness, accountability, and responsibility. They are the largest, most complex, and most indebted corporations in the entire economy. We all have to be really alarmed by the fact that not only do we still have such institutions, but many of them are ever-larger and more complex and at least as dangerous, if not more so, than they were before the financial crisis....
  • Baltimore Rally: Burn Down Stores to Get Them Out of Our Communities

    05/03/2015 1:11:03 PM PDT · by 2ndDivisionVet · 211 replies
    Breitbart's Big Government ^ | May 2, 2015 | Staff
    During a large rally in front of Baltimores City Hall, a young man introduced as Brother Rose, in winding and sometimes incoherent speech, praised the burning of a CVS store at the corner of Pennsylvania and North Avenues. America didnt care until we started affecting things they profit from What we saying, Lets get you out of our communities. He also said, Without us running (unintelligible) Mondawmin Mall [the site of mass looting on Monday], taking back from the stores that have taken our dollars for how long, and not giving back to the community in any type of way....
  • Rioters in Milan smash shopfronts, throw smoke bombs as Expo opens

    05/03/2015 1:00:27 PM PDT · by Lorianne · 40 replies
    CNBC ^ | 01 May 2015 | Phil Han
    Milan has been waiting since 2008 for this day and now it has finally comebut takeoff for the World Expo 2015 looks to be overshadowed by violent protests. The turnstiles and doors officially opened on Friday in Italy's commercial and fashion capital. But opening day excitement for the six-month-long commercial event wasn't necessarily present among the crowds on Friday. The wet weather may have dampened the number of visitors to the event on its first daywith noticeably empty entrances and security checkpoints. Meanwhile, thousands of protesters marched through the streets of Milan behind a banner reading "No Expo, Eat the...
  • Greek talks stall over 'red lines' as country fights to remain in eurozone

    05/03/2015 12:13:08 PM PDT · by SunkenCiv · 8 replies
    Telegraph UK ^ | Sunday, May 3, 2015 | Szu Ping Chan, and agencies
    Reports claimed the government was prepared to reduce at least three different VAT rates to one, and limit exemptions. Prime minister Alexis Tsipras had opposed the move, claiming that the change would hit poorer people. The country will also press-on with privatisations it had also previously vowed to block, according to reports. However, Syriza has said that demands by creditors to reverse an increase in the minimum wage and cut pensions remain "red lines" that the leftist leadership is unwilling to cross... Mr Sakellaridis said that failure to reach an "honest compromise" with creditors would most likely lead to a...
  • Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected;

    05/03/2015 12:09:23 PM PDT · by Kaslin · 17 replies
    Townhall.com ^ | 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....
  • Market Uptrend Stalls; Timing a Choppy Market --Investment Thread for May 3, 2015

    05/03/2015 11:26:09 AM PDT · by expat_panama · 10 replies
    Weekly investment & finance thread ^ | May 3, 2015 | Freeper Investors
    This past year's choppy indecisive unstable investment market continues as last Friday's IBD down grades our week-old uptrend back to "market under pressure". Last week's rosy close turned sour for both the S&P500 and the NASDAQ as the major indexes immediately began a week of declines only to turn back up after the outlook was downgraded. Precious metals weren't immune to the chaos either as they too stammered and fell back toward bases reached last Oct.That's been pretty much the story of the past half-year with market uncertainty taking over. The irony is that it's actually been a pretty...
  • New Cold Climate to Devastate Global Agriculture within Ten Years

    05/03/2015 9:55:53 AM PDT · by citizen · 154 replies
    Space and Science Research Corporation ^ | April 30, 2015 | John L. Casey
    The Space and Science Research Corporation (SSRC) announces today that the predicted new cold climate will soon begin to end the historic era of growth in US and global agricultural output that began after the end of World War II. Specifically, as a result of recent events on the Sun and changes in the Earth's climate, the SSRC again warns that record crop yields and volume in the US and Canadian corn, wheat, and soybean belts are about to end. The SSRC expects the first substantial damage could be observed at any time but certainly within the next ten years....
  • SC Police stations act as havens for online buyers, sellers

    05/03/2015 9:55:49 AM PDT · by upchuck · 24 replies
    AP ^ | May 3, 2015 | MEG KINNARD
    COLUMBIA, S.C. (AP) Some South Carolina law enforcement agencies are offering their parking lots as a safe place to finalize deals made on Craigslist and other online marketplaces. Officers say they won't get involved in the deals. But officials hope that, by doing the transactions at a police station or sheriff's department, people will be less likely to cut a shady deal or get violent. At least two people have been killed in South Carolina when online transactions went wrong.
  • Heartache: Swarthmore College board fails to divest from fossil fuels

    05/03/2015 8:52:14 AM PDT · by rktman · 18 replies
    hotair.com ^ | 5/3/2015 | Jazz Shaw
    Not too long ago, the students and more than a few of the faculty at Swarthmore College decided that the time had come to take a stand against Big Oil, carbon or something. Along those lines, they demanded that their school divest their endowment fund from any investments in fossil fuels. In order to make their point, they organized a sit in which lasted for the better part of a month. In the end, they declared victory when the faculty voted to support the students in this decision.
  • Source: Baltimore Police Officers Want To Oust The Mayor [VIDEO]

    05/03/2015 7:05:15 AM PDT · by Enlightened1 · 43 replies
    During a Baltimore-based radio talk show on Thursday, a man who identified himself as a Baltimore police officer named Jeff called into the program and said fellow police officers were organizing to push out the citys mayor. There is right now over 50 of us officers who are immediately asking for [Baltimore Mayor] Stephanie Rawlings-Blake to step down for what she did to us Monday, the caller told WBAL radio host Derek Hunter. The Baltimore mayor has denied giving stand down orders and blamed the media for misinterpreting her comments about providing a space for protesters to loot. Any other...
  • M 3.9 Earthquake Shakes LA, No Damage Reported

    05/03/2015 6:56:52 AM PDT · by Enlightened1 · 20 replies
    NBC Los Angeles ^ | 05/03/15 | Oleevia Woo and Asher Klein
    A magnitude 3.9 earthquake struck the Los Angeles area early Sunday morning, according to the U.S. Geological Survey. The earthquake hit about 1 mile from Baldwin Hills at 4:07 a.m. local time, according to the USGS. It was felt throughout the LA area, in nearby Culver City and from the San Fernando Valley to Long Beach.
  • Pres. Candidate Bernie Sanders: $1 Trillion Infrastructure Bill Could Lower Youth Unemployment

    05/03/2015 5:37:17 AM PDT · by SeekAndFind · 49 replies
    Pajamas Media ^ | 05/02/2015 | by Nicholas Ballasy
    [1]WASHINGTON — Sen. Bernie Sanders (I-Vt.) said at a town hall meeting the minimum wage should be raised to $15 per hour and advocated for expanding Social Security benefits.“If one person is making $18 million and another person is making $118,000 a year, who pays more into Social Security? Neither, they’re paying the same because there is a cap upon which after you, at a certain level, you don’t pay anything more and that level is about $118,000,” Sanders said at the meeting in Washington.“If you lift that cap, and you don’t have to start at $119,000, you can...
  • Amid crumbling economy, Venezuela's Maduro raises minimum wage 30 pct

    05/03/2015 5:07:59 AM PDT · by Oldeconomybuyer · 30 replies
    FOX News Latino ^ | May 2, 2015
    President Nicols Maduro raised Venezuela's minimum wage Friday for the second time this year to help workers being battered by the world's highest inflation. Speaking at a May Day rally, the socialist leader said he is boosting the minimum wage and pensions for retirees by 30 percent, with two-thirds of the increase coming this month and the rest on July 1. He also said he would raise salaries for government employees and military personnel. The wage increase, while a welcome relief for many workers, fell short of expectations that the embattled Maduro might use Friday's celebrations to expand state control...
  • Koch brothers make push to court Latinos, alarming many Democrats

    05/03/2015 4:17:18 AM PDT · by Cincinatus' Wife · 24 replies
    Washington Post ^ | April 30, 2015 | Mary Jordan and Ed O'Keefe
    "............The LIBRE effort, which backers plan to expand into more presidential battleground states over the next several months, has alarmed many Democrats.They are making friends and trying to convince you that the Democratic agenda is bad, said Matt Barreto, co-founder of the research and polling firm Latino Decisions. He said the group hands out ideological material, collects names, e-mail addresses and phone numbers, and is laying the foundation for Republican candidates to emphasize the same messages.Barreto says those behind LIBRE are playing the long game and dont really have to win Republican votes, but rather raise doubts about Democrats to...
  • Venezuela to nationalize food distribution

    05/02/2015 11:16:29 PM PDT · by Zakeet · 40 replies
    AFP ^ | May 2, 2015
    Venezuelan President Nicolas Maduro has promised to nationalize food distribution in the South American nation beset with record shortages of basic goods, runaway inflation and an escalating economic crisis. [Snip] Various estimates suggest the government already controls about half of the country's food distribution, but that hasn't stopped record shortages in shops and markets. Venezuela is struggling with a recession, 68.5-percent annual inflation and severe shortages of the basic goods that it relies on oil money to import. On any given day, people in Venezuela can wait hours to get some subsidized milk, cooking oil, milk or flour -- if...
  • Oops: Bill Clinton 'Mistakenly' Misreports Taxable Income as Tax-Free Donations

    05/02/2015 6:37:35 PM PDT · by Zakeet · 36 replies
    Townhall ^ | May 1, 2015 | Guy Benson
    Once again, mistakes -- passive voice -- were made: Clinton Foundation mistakenly listed payments to Bill from Chinese developer & US-Islamic Conference as donations. http://t.co/UNAP89ipu9 Kenneth P. Vogel (@kenvogel) April 30, 2015 The foundation has also come under scrutiny for failing to clear all foreign government donations through an agreed-upon State Department vetting process when Hillary Clinton was secretary of state, and for failing to identify foreign government donations on tax returns. Fact-checkers this week challenged the foundations claims that its barred by Canadian privacy laws from revealing the names of more than 1,000 mostly foreign donors to a...
  • Soros Uses His Foundations to Dodge Taxes

    05/02/2015 4:18:04 PM PDT · by george76 · 13 replies
    FrontPage Magazine ^ | May 1, 2015 | Daniel Greenfield
    While Obama Inc. targets conservative groups, it isnt going to annoy the guy who bought its boss his spot in the White House. Soros wealth increased tremendously during Obamas time in office. And much of it came from dodging taxes. You know, the taxes he insists that middle class peons and small business owners need to be socked with. George Soros likes to say the rich should pay more taxes. A substantial part of his wealth, though, comes from delaying them. While building a record as one of the worlds greatest investors, the 84-year-old billionaire used a loophole that allowed...
  • With membership now voluntary, Wisconsin AFSCME forced into big cutbacks

    05/02/2015 2:54:52 PM PDT · by afraidfortherepublic · 18 replies
    The American Thinker ^ | 5-2-15 | Thomas Lifson
    Governor Scott Walker and the GOP-controlled state legislature freed government employees from involuntary forced union membership, enabling them to choose or not choose to pay dues. The results have shown that roughly two-thirds have not chosen union membership when given the opportunity. And that has meant big cutbacks for the American Federation of State, County, and Municipal Employees (AFSCME), one of the most left wing and biggest political contributors to Dempcrats among American unions. Steven Verburg of the left wing Wisconsin State Journal of Madison, attempts to soft sell the bad news for lefties: Wisconsins three AFSCME councils are merging...
  • Tavis Smiley: Protests and Riots Could Become the New Normal

    05/02/2015 1:56:39 PM PDT · by 2ndDivisionVet · 59 replies
    Time Magazine ^ | April 30, 2015 | Tavis Smiley
    Its a dignity thing democracy is threatened by racism and poverty. The two seminal pieces of Legislation in the 20th century happened just before the tumult of 1968the Civil Rights Act in 1964 and the Voting Rights Act in 1965. Fifty years later, we ought to be in a season of celebration. Instead, we find ourselves in an American catastrophe. Trayvon Martin. Eric Garner. Freddie Gray. On April 4, 1967, Martin Luther King Jr. gave the most controversial speech of his life, Beyond Vietnam. A year later to the day, almost to the hour, he was assassinated. In that...
  • IMF Proposes to Sabotage Chinas Economy

    05/02/2015 1:40:55 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | May 2, 2015 | Daniel J. Mitchell
    For the people of China, there’s good news and bad news. The good news, as illustrated by the chart, is that economic freedom has increased dramatically since 1980. This liberalization has lifted hundreds of millions from abject poverty. The bad news is that China still has a long way to go if it wants to become a rich, market-oriented nation. Notwithstanding big gains since 1980, it still ranks in the lower-third of nations for economic freedom. Yes, there’s been impressive growth, but it started from a very low level. As a result, per-capita economic output is still just a fraction...
  • Food Stamps Are a Form of Corporate Welfare, and Harmful to the Poor

    05/02/2015 10:25:49 AM PDT · by pinochet · 35 replies
    The big Agribusiness corporations are some of the most corrupt corporations in America. The New York Times had an article in 2013, on the Agribusiness corruption in the $1 trillion farm bill. http://www.nytimes.com/2013/07/20/business/richer-farmers-bigger-subsidies.html?_r=0 The Food Stamp programs and free school lunch programs, are a means by which Agro-business corporations can increase their revenues, by selling food to the Federal and State governments at above market prices. The food stamp program was never intended to help the poor. Even the USDA website admits that the Supplemental Nutrition Assistance Program was intended to help Agribusiness corporations sell surplus food that they were...
  • Newspaper ad revenue continued its precipitous free fall in 2014, and its likely to continue

    05/02/2015 8:45:11 AM PDT · by george76 · 16 replies
    AEI ^ | April 30, 2015 | Mark J. Perry
    its possible that the attention the ad revenue charts were generating on the Internet may have contributed to the decision by the Newspaper Association of America (NAA) in 2013 to suddenly stop its long-standing practice of reporting quarterly advertising revenue data, and switch to releasing only annual data ... In a 2013 interview, NAA CEO Caroline Little was quoted as saying that she and the organizations board decided it was time to stop beating themselves up four times a year with the negative numbers. ... Newspaper print advertising revenues of just $16.4 billion in 2014 fell to the lowest level...
  • Here's Moody's latest sobering take on Chicago's pension crisis

    05/02/2015 8:00:06 AM PDT · by george76 · 15 replies
    Crain's Chicago Business ^ | May 01, 2015 | Thomas A. Corfman
    Chicago has a simple financial choice: Stay in frying pan or get in the fire. That in simple terms is what Moody's Investors Service said in a report today about the difficult options the Emanuel administration faces over the city's woefully underfunded pension funds. The city must cut spending and raise taxes now or the risks of becoming insolvent will grow, forcing even harsher decisions later. The credit rating agency offers a sobering reminder of what's at stake in the eight-page report, which focuses on the pensions problems. ... A CUT ABOVE JUNK. Moody's, typically the most conservative of the...
  • Walker a 2016 GOP force; might Govs. Kasich, Snyder jump in?

    05/02/2015 7:34:25 AM PDT · by Cincinatus' Wife · 23 replies
    WRAL ^ | May 2, 2015 | STEVE PEOPLES and DAVID EGGERT
    WASHINGTON Wisconsin's Scott Walker has emerged as a force in the 2016 White House contest. It's a position two other Republican governors from the Midwest, lesser known but similarly ambitious, undoubtedly would like to be in. Like Walker, John Kasich in Ohio and Rick Snyder in Michigan have strong resumes and political successes in states where the GOP often struggles. They offer a distinct form of pragmatic politics that differs sharply from that of their combative counterpart in Wisconsin. Kasich has taken steps toward a presidential bid, emboldened by the absence of a clear front-runner and by warm reviews...
  • Protesters Say "Block The Tech Commute" Was A Bust

    05/02/2015 6:11:30 AM PDT · by Mellonkronos · 14 replies
    Vocativ ^ | May 1, 2015 | James King
    [Ha, ha! These Luddites don't like it that people who make money rather than spending their lives complaining move into their neighborhoods. I bet rent control has kept new housing low in this part of California, so the leftists probably created the problem they complain about!] Protesters Say "Block The Tech Commute" Was A Bust By James King A May Day protest intended to shut down the shuttle system that transports employees for tech companies like Facebook, Apple and Google from the Bay Area to their offices in Silicon Valley was a bit of a flop, according to several accounts...
  • Bernie Sanders Vows to Take on Billionaires But Which Ones?

    05/02/2015 3:40:03 AM PDT · by IBD editorial writer · 31 replies
    Investor's Business Daily ^ | 05/01/2015 | John Merline
    When running for office in 2012, President Obama frequently inveighed against "millionaires and billionaires" who don't pay their fair share of taxes. Sen. Bernie Sanders, a self-described socialist arguably to the left of Obama who plans to run for president in 2016, wants to narrow his focus to just billionaires.
  • 'Trust me' isn't going to turn Latino vote for Cruz, GOP

    05/02/2015 1:04:12 AM PDT · by Cincinatus' Wife · 104 replies
    Chicago Tribune ^ | May 1, 2015 | Mary Sanchez
    "....Like his fellow GOP presidential hopeful, Sen. Marco Rubio of Florida, Cruz cannot count on a certain rapport with Latino voters simply because he is Latino himself. Trust doesn't work that way, not in life and not in politics. Hispanic voters are weary of being targeted as a desirable voter demographic to be flattered but not much more. They can spot the phony. To many critics, Cruz has tried to court two mistresses: tea party conservatives, on the one hand, and Hispanic voters whom he views as ready for takeover by the GOP. Cruz believes, with some justification, that Latinos...
  • Satire: Blue Bell ice cream being bootlegged from brenham to houston.

    05/01/2015 9:02:02 PM PDT · by buffaloguy · 25 replies
    https://thehabanerooftexas.wordpress.com ^ | https://thehabanerooftexas.wordpress.com/2015/04/29/texas-dept-of-public-safety-blue-bell-ice-cream-
    I ain't sayin' nuthin' Copper...
  • Fed rate hike in June on the table, two policymakers say

    05/01/2015 5:34:31 PM PDT · by Olog-hai · 6 replies
    Reuters ^ | Fri May 1, 2015 6:06pm EDT | Ann Saphir and Jonathan Spicer
    The Federal Reserve could well raise interest rates as soon as June, two top U.S. central bankers said on Friday, so long as economic data strengthens as expected from a dismal first quarter. That viewfrom the hawkish-leaning chief of the Cleveland Fed and from the centrist head of the San Francisco Fedis at odds with the view of many traders, whose bets in the interest-rate futures markets suggest they have all but discounted a June rate hike and now expect the Fed to wait until December before raising rates for the first time since 2006. The Fed has kept interest...
  • Former Al Jazeera employee sues network, alleging anti-Semitism, anti-Americanism

    05/01/2015 5:25:41 PM PDT · by markomalley · 7 replies
    Washington Post ^ | 4/28/15 | Erik Wemple
    A former employee of Al Jazeera America has filed suit against the network for workplace retaliation, leveling a number of allegations that a manager engaged in discriminatory conduct toward women and made offensive remarks about Israel and the United States. Matthew Luke started at Al Jazeera America in 2013 in New York City, prior to the networks U.S. launch, and served initially as its supervisor of media and archive management. In his early days on the job, notes the complaint, Luke was a happy employee, working closely with Jeff Polikoff, who now holds the title of acting executive vice president...
  • Iowa governor declares state of emergency due to bird flu outbreak

    05/01/2015 2:39:07 PM PDT · by iowamark · 3 replies
    Reuters ^ | 5/1/2015 | P.J. Huffstutter
    Iowa Governor Terry Branstad declared a state of emergency on Friday due to a rapidly expanding avian flu outbreak, soon after state agriculture officials announced four new poultry farms had initially tested positive for the virus. Iowa, the top egg-producing state in the United States, is the third state to declare a state of emergency because of the viral outbreak, which either has led or will lead to the extermination of up to 21 million chickens and turkeys nationwide. Minnesota and Wisconsin declared states of emergency in April... Dozens of countries have imposed total or partial bans on U.S. poultry...