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Business/Economy (News/Activism)

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  • How Components of China’s Economy Compare to the Whole

    07/26/2014 6:57:00 AM PDT · by Kaslin
    Townhall.com ^ | July 26, 2014 | Doug Fabian
    We featured FXI, a general Chinese exchange-traded fund (ETF), a little more than a month ago, and that fund’s upward climb warrants us looking at other ETFs focused on that huge emerging market. To that end, today’s ETF Talk will introduce you to two ETFs, with each fund tracking different areas of China’s market: small caps and the consumer. Guggenheim China Small Cap ETF (HAO) traces the results of an index that follows publicly traded small capitalization companies based in mainland China. In other words, HAO profits on the success of smaller publicly traded Chinese companies. While this fund is...
  • German NGO says TTIP will undermine global food security

    07/26/2014 6:46:58 AM PDT · by Olog-hai · 3 replies
    EurActiv ^ | 25/07/2014 - 08:05 | Dario Sarmadi
    The planned Transatlantic Trade and Investment Partnership (TTIP) between the EU and the US threatens the concept of sustainable food security, the development NGO Brot für die Welt announced at a presentation of its annual report, in Berlin. Development politicians agree: The key to fighting world hunger is strengthening smallholders in developing and newly industrialized countries. “With the planned TTIP agreement, the EU and US are not only defining rules on trade between each other, but indirectly also respective trade with third states,” said Cornelia Füllkrug-Weitzel, President of Brot für die Welt. The two large trade powers “could intensify pressure...
  • NJ Turnpike Authority files lawsuit over pizza shop logo

    07/26/2014 5:23:21 AM PDT · by SoFloFreeper · 13 replies
    philly.com ^ | 7/24/14 | Emily Babay
    The New Jersey Turnpike Authority has filed a lawsuit to get a Florida pizza company to stop using logos similar to Garden State Parkway signs. The suit, filed this week in federal court in Newark, claims Jersey Boardwalk Pizza is infringing on the authority's service marks with its signage online and at its Tavernier and Florida City, Fla., shops.
  • The IRS: A Public Monument to Sandra Fluke's Privates

    07/26/2014 4:54:09 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | July 26, 2014 | John Ransom
    At 74,000 pages, the IRS code is a mind-boggling ode to lobbying, pork-barrel spending and graft. These are the only good things that I can say about the IRS. Ode may be too friendly a word, however. Let’s instead call it an incantation for our country. Because the code holds a country in thrall like the winged monkeys in Dorothy’s Oz were held. And until the witch is dead, we monkeys must do her bidding. Politicians, economists and ordinary citizens can’t follow the tax code, which has tripped up cabinet nominees, majority leaders and others who ought to know...
  • 5 Reasons Reparations For Slavery Are A Bad Idea

    07/25/2014 10:12:57 PM PDT · by 2ndDivisionVet · 38 replies
    Townhall ^ | July 26, 2014 | John Hawkins
    Terrible ideas never really die on the Left; they just come back over and over again, like a gas station sandwich after a night of heavy drinking. So it is with reparations for slavery, which liberals would happily embrace en masse if they ever thought they could ram it through Congress. Here's why reparations for slavery are a bad idea. 1) How do you prove that slavery is responsible for problems black Americans are having today? If it were 1866, it would be easy to prove that black Americans who had been enslaved were hurt by the practice. They were...
  • Another Stunning Admission in Gruber's Speech: The Public Option Was Single Payer

    07/25/2014 8:07:46 PM PDT · by 2ndDivisionVet · 7 replies
    Breitbart's The Conversation ^ | July 25, 2014 | John Sexton
    As I was watching the video clip of Jonathan Gruber talking about state-based exchanges and subsidies last night I came across another admission which deserves some attention. A few minutes later in the Q&A following his January 18, 2012 speech, Gruber admits that the public option was an attempt to slip single-payer into the Affordable Care Act.(VIDEO-AT-LINK)So I like the public option. The public option is actually the brainchild of another academic, a guy named Jacob Hacker who's at Yale. And the public option, basically it was a clever idea. He said look, the left wants single-payer, the right wants...
  • Robots Could Take Half of Jobs in Germany

    07/25/2014 5:40:12 PM PDT · by nickcarraway · 36 replies
    The Local ^ | 24 Jul 2014
    More than half of the jobs currently being done in Germany could be taken over by robots in the next 20 years, according to a think-tank. The study from Brussels think-tank Bruegel found 51 percent of jobs in Germany at the moment could be computerized and left to robots in the next two decades. European countries most at risk from this computerization were Romania (62 percent) and Italy, Poland, Bulgaria and Greece - all 56 percent. The exact affect this could have on unemployment rates is unclear because as technology takes over, new jobs are created, meaning those who lose...
  • French unemployment hits new record in June

    07/25/2014 4:04:36 PM PDT · by Lorianne · 6 replies
    EuroNews ^ | 25 July 2014
    The number of people without a job in France rose in June to a new record. The Labour Ministry said the unemployment total in mainland France rose by 9,400 to 3,398,300. That is a 4.0 percent increase on June last year and up 0.3 percent from May. It is another blow to Socialist President Francois Hollande.
  • Company In Which Joe Biden's Son Is Director Prepares To Drill Shale Gas In East Ukraine

    07/25/2014 4:00:10 PM PDT · by Lorianne · 11 replies
    Zero Hedge ^ | 25 July 2014 | Tyler Durden
    Recall what we said earlier today: the proxy Ukraine war just like that in Syria preceding it, "is all about energy." Recall also the following chart showing Ukraine's shale gas deposits, keeping in mind that the Dnieper-Donets basin which lies in the hotly contested eastern part of the nation and where as everyone knows by now a bloody civil war is raging, is the major oil and gas producing region of Ukraine accounting for approximately 90 per cent of Ukrainian production and according to EIA may have 42 tcf of shale gas resources technically recoverable from 197 tcf of risked...
  • Congressman Urges Obama To End Deals Between Ex-Im Bank, Russia

    07/25/2014 12:25:46 PM PDT · by Tailgunner Joe
    dailycaller.com ^ | July 25, 2014 | Chuck Ross
    The chairman of the House Financial Services Committee Chairman is calling on President Obama to cut off all business pending between the Export-Import Bank and Russia because of the nation’s recent actions in Ukraine. “The situation in Ukraine grows worse every day,” wrote Texas U.S. Rep. Jeb Hensarling in a letter to Obama, Sec. of State John Kerry, Sec. of Treasury Jack Lew, and others. “Russia bears responsibility for this conflict, including the atrocity of the downing of Malaysia Airlines Flight 17, because Russia is supplying the separatists with advanced weapons and encouraging their attacks on aircraft and on the...
  • Hillary Team Calls for Media Blackout of Anti-Clinton Books

    07/25/2014 11:09:38 AM PDT · by afraidfortherepublic · 39 replies
    Breitbart ^ | 7-25-14 | Alexander Marlowe
    Soon there will be three anti-Clinton books on the market, which is apparently enough to have gotten under the skin of Team Hillary. The First Family Detail by Ronald Kessler, set for release next month, will join Clinton, Inc. by the Weekly Standard’s Daniel Halper and Blood Feud by Ed Klein on bookshelves. Yesterday we reported that Clinton, Inc. has shot up the charts and now both Halper and Klein’s books are outselling Hillary Clinton’s recent memoir Hard Choices. “With Klein, Halper and Kessler, we now have a Hat Trick of despicable actors concocting trashy nonsense,” Clinton spokesman Nick Merrill...
  • Is Detroit's New Light Rail Line America's Greatest Boondoggle?

    07/25/2014 10:28:15 AM PDT · by 1rudeboy · 73 replies
    reason.com ^ | July 24, 2014 | Jim Epstein
    A $137 million three-mile train is coming to a nearly deserted avenue in a bankrupt city. Growing up in the 1940s, Robert Fogelson remembers banging on the typewriter and peering out the window at his father’s office in a Manhattan skyscraper. Then "[my dad] would take us for lunch to a nearby Schraft’s, a chain of restaurants that was popular with housewives like my mother, who regularly went downtown to shop…to socialize ...or to meet my father for a play or a movie." Fogelson hadn’t decided yet what he would do with his life, "[b]ut I took it for granted,"...
  • Changes to make Wisconsin's Do Not Call list more user-friendly

    07/25/2014 10:18:12 AM PDT · by afraidfortherepublic · 9 replies
    Milwaukee Journal Sentinel ^ | 7-25-14 | Rick Barrett
    Changes are coming to Wisconsin's Do Not Call Registry effective Aug. 1, the state Department of Agriculture, Trade and Consumer Protection said Friday. Users will no longer be required to register their phone numbers every two years, and their numbers will be placed on the national list aimed at preventing unwanted telemarketing calls and text messages. Consumers can sign up once and not have to worry about whether their registrations lapse. Also, new registrations will be handled by the Federal Trade Commission's national Do Not Call list, and those registrations will become effective the following day rather than weeks later,...
  • What We Women Want

    07/25/2014 9:35:17 AM PDT · by Kaslin · 79 replies
    Townhall.com ^ | July 25, 2014 | Renee Elmers
    Just the other day when I was home in Dunn, a woman standing in the checkout line told me that she felt as though she had less money in her pocket. And, unfortunately, she’s right. Did you know that the average clothing cost for children has risen $310 during the president’s term and that food costs have risen an average of $210? Or that an average family of four is missing as much as $1,120 from their monthly budget? I bet women do. No one understands the true implications of these missing dollars better than women. Women are the ones...
  • AT&T reveals Dallas-area cities that will get its ultra-high-speed broadband service

    07/25/2014 9:30:58 AM PDT · by Dallas59 · 23 replies
    Dallas News ^ | 7/24/2014 | Dallas News
    Ever since AT&T Inc. CEO Randall Stephenson revealed in March that his company would bring its ultra-high-speed broadband service to the Dallas area this summer, potential customers — and there appear to be many — have wanted more specifics. What neighborhoods will get the service and exactly when? Four months later, there are still few specifics. But AT&T did indicate Thursday which areas of the Dallas-Fort Worth region will receive its U-verse With GigaPower service later this summer. The company said the initial launch will include parts of Highland Park and University Park, with upload and download speeds of up...
  • Google’s $1B purchase of Twitch confirmed — joins YouTube for new video empire

    07/25/2014 8:46:27 AM PDT · by SoFloFreeper · 7 replies
    Venture Beat ^ | 7/25/14 | Dean Takahashi
    Google has signed a deal to buy game-livestreaming firm Twitch for $1 billion, confirmed sources familiar with the matter. We don’t know everything about this deal, such as when it will be announced and the exact purchase price. We do know that...
  • Obama: What's legal might not be right for US

    07/25/2014 8:16:09 AM PDT · by Oldeconomybuyer · 38 replies
    CNBC ^ | July 25, 2014 | by Everett Rosenfeld
    President Barack Obama said Thursday that American companies performing tax "inversions" are not doing right by their country. Obama said that these companies, which buy foreign firms to technically change their tax domicile to a country with a lower tax rate, benefit from America's university system and infrastructure, but then turn around and "game the system." He told CNBC exclusively that, despite the legality of this corporate practice, inversions are not fair. "You are an American company. You continue to benefit in all kinds of ways from being an American company," the president said. "It is true that there are...
  • ABC, NBC Ignore Grim Housing Report; Focus Instead on Selfie with Queen, 50 Shades of Grey Trailer

    07/25/2014 7:51:10 AM PDT · by george76 · 8 replies
    NewsBusters ^ | July 24, 2014 | Curtis Houck
    Both ABC World News with Diane Sawyer and NBC Nightly News failed to mention a new, troubling report from the Census Bureau on Thursday night that sales of new homes decreased by 8.1% in June and that May’s originally reported double-digit increase was revised lower, from almost 19% to only 8%. The CBS Evening News did cover this story, but it only was in the form of a 12-second news brief from anchor Scott Pelley. Pelley grimly reported that: “Today's report on the housing market is raising concerns about the economic recovery. Sales of new homes dropped sharply last month,...
  • Still Fighting: The Delphi Workers Obama Robbed

    07/25/2014 5:39:04 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | July 25, 2014 | Michelle Malkin
    The White House pretended to champion American workers this week with gimmicky initiatives on federal job training and "workplace innovation." But far from the Beltway dog-and-pony show, a group of American workers ruthlessly shafted by the Obama administration was finally getting some real support -- and inching toward justice. It was five years ago this summer that 20,000 white-collar nonunion workers from Delphi (a leading auto parts company spun off from GM in 1999) had their pensions sabotaged as part of a rotten White House deal with Big Labor. Two court rulings this summer have given the victims hope. Their...
  • Ryan's Anti Poverty Plan

    07/25/2014 6:56:37 AM PDT · by afraidfortherepublic · 19 replies
    National Review ^ | 7-25-14 | The Editors
    President Obama famously accused Representative Paul Ryan (R., Wisc.) of “thinly veiled Social Darwinism” for one of his budgets. It will take a special kind of cynicism to make that claim about Ryan’s new anti-poverty proposal. Obama’s partisans will no doubt find a way, but fair-minded observers will see a creative, thoughtful approach to a topic that’s often politically neglected. Ryan proposes and endorses a range of ideas to fix the safety net and address the root causes of poverty. He would offer states the option of an “Opportunity Grant” to replace, dollar for dollar, the amount of money they...
  • Mark Cuban:If Your Company Is Moving For Tax Reasons, I'm Selling Your Stock

    07/25/2014 6:53:00 AM PDT · by SeekAndFind · 42 replies
    Business Insider ^ | 07/25/2014 | Myles Udland
    Mark Cuban isn't a fan of tax inversions, either. Last night, President Obama spoke with CNBC's Steve Liesman, and their first topic of conversation was the issue of tax inversions, or mergers where U.S.-based companies acquire foreign companies and move their tax base overseas to enjoy lower rates. Obama said this strategy, among other things, "undermines people's confidence in how companies are thinking about their responsibilities to the country as a whole." Cuban took his rhetoric a step further: he said he's selling stock in companies that move for tax reasons. On Twitter this morning, Cuban fired off a series...
  • 30,340 First 6 Months -- List of Sponsor Arrangements of Unaccompanied Children by State

    07/25/2014 6:36:43 AM PDT · by afraidfortherepublic · 22 replies
    The application window for HHS grants under the Unaccompanied Alien Children program just closed yesterday. According to the data included in the application the average length of stay for a UAC is 30-35 days prior to unification with a sponsor. Most (95%+) of the sponsors are relatives of the child. Most sponsors reunited are the mothers of the children (85%+) who actually brought them along and there is never a disconnect. All sponsors are subsidized by taxpayers at an average cost of around $4,000 to $6,000 per child/per month. A custodial ‘sponsor’ (mother) with three UAC’s will net about $12,000...
  • Fast food workers prepare to escalate wage demands (Let's destroy the few remaining jobs!)

    07/25/2014 6:15:55 AM PDT · by E. Pluribus Unum · 36 replies
    MyFoxNy.com ^ | Jul 25, 2014
    <p>CHICAGO (AP) - Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers are expected to discuss the future of the effort that has spread to dozens of cities in less than two years.</p>
  • How to stop companies from deserting America before it’s too late

    07/25/2014 6:09:46 AM PDT · by SeekAndFind · 30 replies
    Fortune ^ | 07/24/2014 | Allan Sloan
    Sometimes even journalists get it right. My essay about companies incorporating overseas to dodge taxes, “Positively Un-American,” featured in our last issue, clearly struck a nerve. Since its publication, these corporate “inversions”—a euphemism for “desertions”—have taken on a life of their own. Barely a day seems to pass without a corporation announcing that it plans to leave the U.S. to save taxes but wants to continue having its business, its employees, its directors, and especially its top executives benefit from our rule of law, democratic system, and the other great things that make America America. It just doesn’t want to...
  • Let Students Discharge College Debts In Bankruptcy? Yes, But...

    07/25/2014 5:42:54 AM PDT · by reaganaut1 · 39 replies
    Forbes ^ | July 24, 2014 | George Leef
    Ever since the obstreperous Occupy Wall Street protests of 2011, Americans have been getting an earful about the alleged crisis of student loan debt. Sensing a chance to appear both compassionate and pro-education, many lawmakers want to do something to ease the plight of indebted students. Senator Elizabeth Warren, for example, is pushing her populist plan of allowing students to refinance their loans at absurdly low interest rates. President Obama recently expanded the touchy-feely repayment system so that students would never have to pay more than ten percent of their discretionary income for 20 years before the rest of the...
  • More than $30K in electronics stolen from Miami Gardens business

    07/25/2014 5:22:30 AM PDT · by SoFloFreeper · 1 replies
    WPLG-TV ^ | 7/23/14 | Andrew Perez
    Surveillance cameras were rolling as thieves made off with $30,000-$40,000 worth of smartphones and tablets from a Miami Gardens business in 30 seconds flat.... "It's very frustrating because we're a small business," said [owner Gilberto] Maakaroun. "We're trying to grow the business, grow the company."
  • Doctors: Government-Run Health Care Driving Us Out of Business

    07/25/2014 4:27:43 AM PDT · by markomalley · 17 replies
    Daily Signal ^ | 7/25/2014 | Bruce Parker
    Advocates of single-payer health care promise high-quality low-cost health care for all.But physicians in Vermont say the state’s move towards a single-payer health care system is driving independent doctors out of business and eliminating patient choice.Dr. Paul Reiss, a family practice physician in Williston, said only 20 percent of the doctors now in Vermont are independents, compared to 50 percent to 60 percent in the rest of the country.“The health systems have caused it to be nearly impossible from a financial standpoint to stay in private practice. That’s not so in the rest of the country,” he said.“If I was...
  • Universal Allah gets 3 1/2 years in prison in Stradivarius robbery

    07/25/2014 3:45:13 AM PDT · by afraidfortherepublic · 16 replies
    Milwaukee Journal Sentinel ^ | 7-24-14 | Megan Trimble
    One of the two Milwaukee men involved in the January armed robbery that briefly netted them a $5 million Stradivarius violin was sentenced Thursday to 31/2 years in prison. Universal K. Allah, 37, pleaded guilty in May to robbery as a party to a crime. In addition to his prison term, Allah will remain under extended supervision for another 31/2 years, must avoid contact with the people involved in the attack and pay $4,014.57 in lost wages and ambulance fees to Milwaukee Symphony Orchestra concertmaster Frank Almond. Milwaukee County Circuit Judge Dennis P. Moroney called Allah's actions egregious and said...
  • 2012 Video shows major Obamacare architect confirm subsidies were meant only for state exchange

    07/25/2014 1:39:19 AM PDT · by Cincinatus' Wife · 9 replies
    Red State ^ | July 24. 2014 | Moe Lane
    Jonathan Gruber, a Massachusetts Institute of Technology economist who helped design the Massachusetts health law that was the model for Obamacare, was a key influence on the creation of the law. He was widely quoted in the media. During the crafting of the law, the Obama administration brought him on for his expertise. He was paid almost $400,000 to consult with the administration on the law. And he has claimed to have written part of the legislation, the section dealing with small business tax credits. [Text and :59 video SNIP] PS: Possibly the most damning thing about this video is...
  • Vladimir Putin's daughter flees £2million Dutch penthouse flat as fury grows over jet tragedy

    07/24/2014 8:18:24 PM PDT · by Tailgunner Joe · 63 replies
    mirror.co.uk ^ | July 24, 2014 | David Collins, Andy Lines
    Vladimir Putin’s daughter has fled her Dutch home as fury grows over Flight mH17. Maria Putin lived just 20 miles from the airport where the doomed jet dpoarted from. News that the Russian president's daughter was living among a nation of people still fuming over Russia’s role in the downing of Flight MH17 was only going to spark more outrage. And once it became known the 29-year-old had a £2million apartment not far from the Dutch airport where the doomed jet left on its final, tragic journey, the angry protests quickly started. There were demands for Maria to be deported...
  • ‘Right to be forgotten’ ruling is backfiring, says Data watchdog (European Union ruling)

    07/24/2014 8:38:00 PM PDT · by Olog-hai · 3 replies
    Irish Times ^ | Fri, Jul 25, 2014, 01:00 | Laura Slattery
    Google’s interpretation of the European Court of Justice’s “right to be forgotten” ruling is prejudicing the intention of the court, the State’s data protection watchdog said yesterday, as regulators and search engine giants met in Brussels to discuss the matter. Billy Hawkes, who will shortly retire as Ireland’s Data Protection Commissioner, described the ruling as “a very difficult decision by the European Court of Justice”. The ruling, made in May, has effectively exposed Google to criticism both for removing links and for refusing requests for links to be removed. …
  • New Jersey is suing a Florida pizza shop over its logo

    07/24/2014 8:32:30 PM PDT · by Impala64ssa · 48 replies
    Bay News 9 ^ | 7/24/14
    The New Jersey Turnpike Authority wants a pizza shop in the Florida Keys to pay a big toll for using a logo similar to the Garden State Parkway's green and yellow signs. The agency sued Jersey Boardwalk Pizza Tuesday in federal court over the logo it uses for its two pizza shops and on merchandise sold online. It said in the suit that the company is trying to trade upon the fame of the Garden State Parkway logo to attract customers and potential franchisees. JoyAnn Kenny, a lawyer with the Red Bank-based firm of Marks & Klein LLP, which represents...
  • S&P faces fraud charges over mortgage ratings

    07/24/2014 8:22:06 PM PDT · by Lorianne · 6 replies
    CNBC/Financial Times ^ | 23 July 2014 | Kara Scannell
    Standard & Poor's may face securities fraud charges for ratings given to six commercial mortgage-backed securities issued in 2011, the credit rating company said. The potential civil lawsuit is the latest legal issue for the credit rating company, which along with its competitors have faced intense regulatory scrutiny following the financial crisis. S&P, a unit of McGraw Hill, disclosed on Wednesday that it had received a Wells notice from the Securities and Exchange Commission indicating its enforcement division staff intended to recommend that the five member commission authorize civil charges against the company. "S&P has been co-operating with the commission...
  • Eurozone economy dead in the water, with crisis expected to carry on 'a long time'

    07/24/2014 8:13:54 PM PDT · by Lorianne · 12 replies
    Telegraph (UK) ^ | 22 July 2014 | Jeremy Warner
    It's taken a long time, but the International Monetary Fund finally seems to be talking some sense about the beleaguered deficit economies of the eurozone. In a new analysis of continuing imbalances within the single currency area, it pretty much concludes that the situation is hopeless without the sort of eurozone-wide macro economic policies – monetary as well as fiscal – which are specifically rejected by the high command in Berlin. OK, so it doesn't quite say that, but even so, this will make deeply depressing reading for the struggling economies of Greece, Ireland, Italy, Portugal and Spain.
  • Disarming the Bear

    07/24/2014 8:13:03 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | July 24, 2014 | Charles Payne
    How to curb the reemergence of the old Soviet bear can be described as the greatest gut-check that the western nations have faced in a long time. Right now, there is increasing talk of an arms embargo against Russia. The timing would be perfect as Russia’s military capacity is in tatters. Two years ago, Russia embarked on a ten-year rearmament plan; its Soviet era weapons were largely ineffective against advanced military rivals as they had all gone past their expiration dates. Economic sanctions in a global economy mean collateral damage for all the players, and possibly a winter without gas...
  • The Economic Future of China and Hong Kong

    07/24/2014 6:57:08 PM PDT · by Kaslin · 11 replies
    Townhall.com ^ | July 24, 2014 | Daniel J. Mitchell
    I’m currently in Asia, where I just finished a series of speeches about economic policy in China and Hong Kong. These two jurisdictions offer very powerful lessons about the importance of economic policy. Hong Kong is supposed to be Nirvana for libertarians. It holds the top spot in the Economic Freedom of the World rankings. It has an optional flat tax. It has a private retirement system. And based on IMF data, government spending “only” consumes 18.4 percent of GDP (compared to 38.6 percent of economic output in the United States and 54.4 percent of GDP in France). In reality,...
  • Obama: ‘It’s Pretty Hard To Find An Economic Measure Where We’re Not Significantly Better Off’

    07/24/2014 6:12:19 PM PDT · by Nachum · 88 replies
    Daily Caller ^ | 7/24/14 | y Brendan Bordelon
    President Obama put his rosy glasses on for an interview with CNBC on Thursday, claiming “It’s pretty hard to find an economic measure where we’re not significantly better off.” Obama spoke with CNBC’s Steve Liesman about the economic policies pushed by the White House and what the federal government expects going forward. “What can you tell average Americans about the outlook of the economy?” Liesman asked, noting that even Obama’s own former economic advisor Larry Summers is forecasting lower growth over the next few years. Obama dismissed that notion. “If you think about where we were, Steve, when I came
  • IRS: Uninsured face fine of nearly $2,500

    07/24/2014 6:10:35 PM PDT · by TigerClaws · 49 replies
    The Internal Revenue Service said Thursday individuals who fail to get health insurance this year will be fined a maximum of $2,448 and families with five or more members can be fined up to $12,240. Under the Affordable Care Act’s individual mandate, people are either required to obtain health insurance or risk a tax penalty from the IRS Read more: http://thehill.com/policy/healthcare/213308-uninsured-could-be-fined-almost-2500#ixzz38REt1dEt Follow us: @thehill on Twitter | TheHill on Facebook
  • Yellen’s Denial of Rising Inflation

    07/24/2014 5:56:50 PM PDT · by Kaslin · 16 replies
    Townhall.com ^ | July 24, 2014 | Peter Morici
    Testifying before Congress last week, Federal Reserve Chairman Janet Yellen cherry-picked data on inflation by noting prices are up, on a year-over-year basis, less than the Federal Reserve's target of 2 percent. The Labor Department's Consumer Price Index has accelerated recently and averaged 3.5 percent for the three months ending in June. Once inflation gets out of control, history has shown it is difficult to contain without a steep and painful recession. Recognizing these dangers, Ms. Yellen's cognitive dissonance will add new life to proposals in Congress to rein in the Fed's independence. A bill under consideration would require...
  • Guess Who's Being Fired?

    07/24/2014 5:12:39 PM PDT · by Kaslin · 29 replies
    Townhall.com ^ | July 24, 2014 | Bob Goldman
    Is everything copasetic at your job? Are you feeling happy, content and secure? If so, I have some advice for you -- DON'T! Know it or not, like it or not, you could be whisking down the road to termination. In the slightly altered words of "The Music Man," that's Termination with a capital "T," and that rhymes with "Thee," and that stands for "Canned." If you're not worried now, take a quick peek at a recent column by Joann S. Lublin in The Wall Street Journal. Titled "Six Subtle Signs You're About to Lose Your Job," Lublin lays out...
  • Japanese Inflation Holds Near 23 Year Highs As Food, Energy, & TV Costs Soar

    07/24/2014 4:59:38 PM PDT · by Leaning Right · 5 replies
    Zero Hedge ^ | 07/24/2014 | Tyler Durden
    Japanese CPI printed 3.6% in June, modestly down from May's 3.7% YoY, but hotter than the expected 3.5% YoY analysts predicted. If you don't eat food or use energy then inflation merely bit 2.3% of your income this year but if you did then you may have noticed that energy costs are 9.1% higher YoY, TVs +8.0%, and Food +4.1%
  • Big Insurance was supposed to be "punished" by Obamacare; Big Insurance was behind it all the time

    07/24/2014 4:18:12 PM PDT · by CharlesOConnell · 17 replies
    American Chesterton Society Blog ^ | 2-20-2012 | Dale Ahlquist
    G.K. Chesterton’s Prophetic Look at National Health Care Dale Ahlquist | 2-20-2012 | American Chesterton Society Blogweb.archive.org/web/20130811135205/http://www.chesterton.org/2012/02/a-prophetic-look-at-national-health-care-2/G.K. Chesterton considered himself a member of the Liberal Party until 1912. As he would later say, he did not leave the Liberal Party. It left him. He believed in something called liberty, the idea that people should be able to make most decisions for themselves, especially the most basic and most important decisions, and not have such decisions made for them by anyone else, especially by the government. He believed, as a liberal, that the State’s role was to preserve liberty, not take...
  • Disenchanted with Putin, some Russians vote with their feet

    07/24/2014 2:32:03 PM PDT · by Tailgunner Joe · 4 replies
    reuters.com ^ | July 24, 2014 | Alissa de Carbonnel
    "The official statistics on migration are very low," said Mikhail Gorshkov, director of the Russian Academy of Sciences' Institute of Sociology (ISRAS), a state-funded body. "It's a wake up call for our politicians when someone wants to leave their home country: What is missing for him?" Echoing the post-Soviet brain drain, sociologists say Russia is bleeding exactly the kind of people it needs to plug a skilled labour shortage and diversify the economy away from reliance on energy exports. "We are losing the most educated, most active, most entrepreneurial people," Lev Gudkov, director of the independent Moscow-based Levada Centre pollster....
  • Twitter's Diversity Numbers And The Mystery Of Black Twitter

    07/24/2014 1:05:09 PM PDT · by ConservingFreedom · 19 replies
    Forbes ^ | 7/24/2014 | Tim Worstall
    I find myself getting very confused in this ongoing series of arguments and revelations about how white and male Silicon Valley seems to be. Companies are being castigated, castigating themselves even, for things that aren’t really under their control. Perhaps it’s simply because I’m not American and therefore am observing a culture different than my own. But then I see the arguments being made about “Black Twitter TWTR +2.38%” and find myself not just confused but perplexed. For the evidence being offered is the very refutation of the contention being made. This isn’t a cultural matter, this is a logical...
  • Northeastern Nevada ranchers hit with grazing closures ( BLM )

    07/24/2014 12:27:53 PM PDT · by george76 · 25 replies
    Elko Daily Free Press ^ | &#8206;7&#8206;/&#8206;24&#8206;/&#8206;2014&#8206; | Dylan Woolf Harris
    BATTLE MOUNTAIN — Once again ranchers who run cattle on the Argenta Allotment in Lander County were told Wednesday that due to drought a number of areas would be closed to livestock. Pete and Lynn Tomera were told by the Bureau of Land Management they had a week to remove cattle from nine segments of the allotment ... We have 7 days to ride the entire mountain and have the cattle off. We are right in the middle of haying and are forced to drop everything and begin gathering cattle,” the Tomeras wrote. “We are forced to put the cattle...
  • ObamaCare getaway: 5 US territories released from health care law

    07/24/2014 12:18:56 PM PDT · by cll · 17 replies
    Fox News ^ | 7/24/2014 | Barnini Chakraborty
    The Obama administration is coming under fire for once again making a unilateral change to ObamaCare -- this time, quietly exempting the five U.S. territories and their more than 4 million residents from virtually all major provisions of the health care law. The decision was made a week ago, and was a long time coming. For months, the territories have been complaining that the law was implemented so poorly in their regions that it destabilized their insurance markets. Until now, the Department of Health and Human Services claimed its hands were tied. But last Wednesday, the department reversed course. The...
  • Obama Creates the Stamp Act for Healthcare

    07/24/2014 11:07:52 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | July 24, 2014 | John Ransom
    Obamacare is what we have always said it was. It’s not just bad policy; it’s now proven to be poor law too. Time to repeal it, and replace it with alternative free-market solutions. Only in Washington, DC would you “solve” the problem of the government not being able to afford an aging population by burdening the taxpayers with the rest of the population that is uninsurable. Whether you buy into the Dems argument that the exclusion of subsidies to states without exchanges in the ACA law was a “drafting error,” “a typo,” or-- the Republicans’ contention-- that it was deliberate...
  • TMZ Freaks Out on Sarah Palin: 'Bitch,' 'Horrible Mom,' 'Dumb'

    07/24/2014 10:40:16 AM PDT · by Red Badger · 63 replies
    www.breitbart.com ^ | 24 Jul 2014, 9:58 AM PDT | Pam Key
    Wednesday during TMZ's segment on former Governor Sarah Palin (R-AK) getting a speeding ticket, they thought it would be entertaining television to, without provocation or explanation, have random staffers openly attack the Tea Party firebrand as a "bitch," "dumb," and a "horrible mom."
  • READY: I fought the odds, and the odds almost won [Bureaucracy run AMOK]

    07/24/2014 10:15:12 AM PDT · by Red Badger · 15 replies
    Destin Log ^ | Published: Friday, June 27, 2014 at 17:05 PM. | Mary Ready
    I may regret writing this column. Retaliation by a state agency is an ugly thing. My best hope is that the bureaucrats who have made my life a living hell for these past few months don’t read insignificant little articles written by nobody columnists for a bi-weekly newspaper. It wasn’t bad enough that the cable, phone, credit card, garbage, power, and water companies, along with the Florida Retirement System and bank, gave me major grief after Frank died. Apparently it doesn’t matter that no payment was ever late or not paid in full. Since Frank was the primary, they reasoned...
  • Beretta’s New Super Rifle

    07/24/2014 9:25:58 AM PDT · by rktman · 89 replies
    yahoo.com ^ | 7/23/2014 | Douglas A. McIntyre
    Gun company Beretta is tone deaf when it comes to calls for restrictions on powerful guns sold in the United States. It must be the chance to make money. Beretta's website carried an announcement that the ARX100 is "shipping now." Beretta markets the rifle as "Italian Design -- American Built." Regardless of its origins, the gun is unusually powerful.