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Business/Economy (News/Activism)

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  • Fraud case leaves PharMerica whistle-blower bitter, seeking new career

    05/25/2015 5:39:07 PM PDT · by afraidfortherepublic · 9 replies
    Milwaukee Journal Sentinel ^ | 5-25-15 | Bruce Vielmetti
    Jennifer Buth thought being a pharmacist would be a challenging, well-paid, respected profession that would let her help people safely manage pain and illness. She also quickly learned the dark side of the job. Shortly after returning to Wisconsin from Florida with a doctorate in pharmacy, Buth was robbed twice in a month. When Walgreens wouldn't transfer her to a different store, she quit. She found work at a Sam's Club pharmacy, then was recruited to PharMerica's Pewaukee operation, where the national firm filled prescriptions for institutions such as nursing homes. As the managing pharmacist, she earned six figures and...
  • 'ObamaCare Is Penalizing Me For Pursuing My Dreams!'

    05/25/2015 5:17:55 PM PDT · by nickcarraway · 14 replies
    New York Post ^ | 5/35 | Gabrielle Gray
    In a Midtown specialist’s office, I confessed the secret that’s been weighing on my mind. “My health insurance expires at the end of May,” I told the doctor. I had a lot of questions for him: How much does an uninsured visit cost? What is the fewest number of follow-ups we can do this year? Do you have payment plans available to patients paying cash?
  • Businesses Quietly Switch To Dollar In Socialist Venezuela

    05/25/2015 3:02:17 PM PDT · by Aquamarine · 15 replies
    Associated Press ^ | May, 25,2015 | Hannah Dreier
    CARACAS, Venezuela (AP) -- It's still possible to buy a gleaming Ford truck in Venezuela, rent a chic apartment in Caracas, and snag an American Airlines flight to Miami. Just not in the country's official currency. As the South American nation spirals into economic chaos, an increasing number of products are not only figuratively out of the reach of average consumers, but literally cannot be purchased in Venezuelan bolivars, which fell into a tailspin on the black market last week. Businesses and individuals are turning to dollars even as the anti-American rhetoric of the socialist administration grows more strident. It's...
  • Spilling the truth on the fight for a $15 minimum wage

    05/25/2015 2:37:28 PM PDT · by lowbridge · 32 replies
    nypost.com ^ | may 25, 2015
    Did The New York Times just inadvertently tell us what the real goal of the raise-the-minimum-wage campaign is? A Times editorial last week cheered Los Angeles’ enactment of a $15-an-hour minimum wage — but noted that restaurants, particularly fast-food joints, don’t like it. Said The Times: “The restaurant industry . . . will not go down without a fight.” We didn’t think that bringing down an entire industry was what the campaign for a $15 minimum was supposed to be about. Oops. Back in March, we noted that a similar hikein Seattle’s minimum wage was leading to a spate of local restaurant closings, given that labor costs...
  • The Top Cities For Jobs Right Now

    05/25/2015 2:05:13 PM PDT · by Enlightened1 · 6 replies
    Forbes ^ | 05/19/15 | Kathryn Dill
    At the top of the list is Raleigh, North Carolina. The city’s residents earn a median base salary of $50,000, higher than many of the cities on this list, while median home values remain a relatively modest $198,400. Chamberlain notes that the factors that put Raleigh at the top of the list can be a model for other metros. The city has long been attractive to major companies like IBM and Cisco. But now, Raleigh is gaining popularity among technology companies as well, who value the pipeline of talent provided by the city’s location among several major universities in the...
  • Cantwell Delivers Howler to Explain Vote on Trade Bill, Pointed Stenography Ensues

    05/25/2015 12:52:39 PM PDT · by Lorianne · 4 replies
    THE//INTERCEPT ^ | 22 May 2015 | Dan Froomkin
    Sen. Maria Cantwell engaged in a very public maneuver on the Senate floor Thursday, withholding her vote in favor of the big trade bill until she got assurances that there would be a vote on renewing the Export-Import Bank. Afterward, explaining the fervency of her support for the Ex-Im Bank, she told such a howler that even the Capitol press corps, not empowered to actually call a senator a liar, made sure to offer readers the opportunity to reach that conclusion on their own. The Democrat from Washington state, where Boeing is the single largest employer, said her support for...
  • Let's Say No to 'Fast Track' and Get on a 'Pro-American' Track

    05/24/2015 7:13:54 PM PDT · by Cringing Negativism Network · 73 replies
    Christian Post ^ | May 12, 2015|8:59 amris | By Phyllis Schlafly , CP Op-Ed Contributor
    Congress, led by Sen. Mitch McConnell (R-KY) and Speaker John Boehner (R-OH), is preparing to betray American workers, and the grassroots should rise up and say, "No, you don't." The secretive underhanded deal is called Fast Track, and that's an appropriate title because, indeed, it puts Americans on a fast track to lower wages and fewer available jobs. Read more at http://www.christianpost.com/news/lets-say-no-to-fast-track-and-get-on-a-pro-american-track-139015/#ylD1c6oBpMiKKJ67.99
  • Venezuela to Launch Subsidized Food Program for Teachers

    05/25/2015 12:39:53 PM PDT · by Oldeconomybuyer · 14 replies
    TeleSur TV ^ | May 24, 2015
    ​Venezuelan President Nicolas Maduro has announced new plans to create a subsidized food program for school teachers and other workers in the education sector. Maduro explained that the new program would benefit as many as 700,000 families of education workers, including the children of teachers and professors. The president added that his government is committed to ensuring all teachers are provided with a living wage. Earlier this week, Maduro approved a 50 percent increase in teacher salaries.
  • Andrew McCutchen's (Pittsburgh Pirates) pay stub includes lots and lots of taxes

    05/25/2015 12:07:40 PM PDT · by WeatherGuy · 16 replies
    SB Nation ^ | May 22, 2015 | Brandon Lee Gowton
    Being a professional athlete is cool for a number of reasons, and one of them is getting paid a lot of money. One not so cool reason, however, is having to pay a lot of taxes. There are quite a few interesting things to see here. The fact that there are so many taxes that it doesn't fit on one page is a big one. Nearly $20,000 for Medicare seems like a lot! And then there are the deductions. McCutchen has already paid $27,000 this year just to have the right to be a professional athlete in Pittsburgh. Seems crazy.
  • The 2016 political report: Walker emerges from Southern confab as GOP front-runner

    05/25/2015 10:20:57 AM PDT · by Cincinatus' Wife · 37 replies
    Washington Examiner ^ | May 24, 2015 | Timothy P. Carney
    OKLAHOMA CITY — The annual Southern Republican Leadership Conference provided a glimpse into the state of the Republican base and the presidential field. The conference revealed a Republican base that is (1) broadly happy with the crowded and conservative field, (2) still smitten with Wisconsin Gov. Scott Walker, and (3) unimpressed and uninterested in Florida Gov. Jeb Bush. Senate chaos over the Patriot Act kept the four senators who are running from making it, dampening the mood a bit. The candidates running a second time — Rick Santorum, Rick Perry, and Mike Huckabee — do not excite the conservative base....
  • GOP’s demonic new crusade:Right-wing zealots look for crueler ways to treat the poor like garbage

    05/25/2015 9:16:09 AM PDT · by Cincinatus' Wife · 47 replies
    Salon ^ | May 25, 2015 | Joan Walsh
    [full title] GOP’s demonic new crusade: Right-wing zealots look for even crueler ways to treat the poor like garbage Happy Memorial Day! But if you’re in Wisconsin, and relying on food stamps, remember that Republicans don’t want you to have ketchup on your hamburger. They’d probably rather you didn’t have a hamburger at all, but Wisconsin farmers and ranchers have clout, and so proposed cuts to the Supplemental Nutrition Assistance Program made room for Wisconsin products. But they still don’t want you to have “crab, lobster, shrimp, or any other shellfish.” Or ketchup. Or spaghetti sauce. Really. For now, that’s...
  • Rush Limbaugh Attacks Obama's Trade Agenda

    05/25/2015 8:39:20 AM PDT · by Mariner · 40 replies
    The Huffington Post ^ | May 25th, 2015 | Zach Carter
    Conservative talk radio icon Rush Limbaugh slammed President Barack Obama's Trans-Pacific Partnership trade deal on Friday, telling listeners, "The odds are the United States is gonna take it in the shorts." Limbaugh argued Republicans shouldn't do Obama any favors by helping him pass a secretive trade agenda that his own party does not support. "Republicans are providing the necessary push to get it passed, which kind of bothers me," Limbaugh said. "Since it's an Obama deal, the odds are it isn't good. Since it's an Obama deal, the odds are the United States is gonna take it in the shorts,...
  • Walker appoints son of right-wing Bradley Foundation president to UW Board of Regents

    05/25/2015 7:18:00 AM PDT · by Cincinatus' Wife · 14 replies
    Wisconsin Gazette ^ | May 25, 2015
    Gov. Scott Walker has appointed the son of a president of a foundation that supports tea party causes to the University of Wisconsin Board of Regents. The board oversees the University of Wisconsin system, setting policies and approving budgets, among other vital regulatory duties. Walker appointed Mike M. Grebe, son of Michael W. Grebe, president and chief executive of the Bradley Foundation, to the board. The foundation is an essential part of Walker’s “brain trust.” It’s poured millions into promoting such right-wing policies as busting unions, expanding voucher schools and eliminating social welfare programs. In addition to his association with...
  • Did China Just Launch World's Biggest Spending Plan?

    05/25/2015 7:14:47 AM PDT · by Lorianne · 11 replies
    Forbes ^ | 24 May 2015 | Gordon Chang
    Beijing has just initiated a round of accelerated government spending, and it will, in all probability, end up as the biggest such effort today. Wednesday, the Chinese central government announced both the allocation of 1.13 trillion yuan ($185.8 billion) for upgrading internet infrastructure and the creation of a 124.3 billion yuan fund for affordable housing. These expenditures follow Monday’s authorization of six new rail lines costing 250 billion yuan. This month, as Xinhua News Agency reports, Beijing has unveiled a “pro-growth measure” at the rate of one every two days. April was a banner month for Beijing’s spenders as well....
  • China state paper warns of war over South China Sea unless U.S. backs down

    05/25/2015 6:24:13 AM PDT · by Enlightened1 · 17 replies
    A Chinese state-owned newspaper said on Monday that "war is inevitable" between China and the United States over the South China Sea unless Washington stops demanding Beijing halt the building of artificial islands in the disputed waterway. The Global Times, an influential nationalist tabloid owned by the ruling Communist Party's official newspaper the People's Daily, said in an editorial that China was determined to finish its construction work, calling it the country's "most important bottom line".
  • Public-Sector Jobs Vanish, Hitting Blacks Hard [1.8 million fewer jobs in public sector]

    05/25/2015 3:20:11 AM PDT · by Cincinatus' Wife · 89 replies
    New York Times ^ | May 24, 2015 | PATRICIA COHEN
    ".....Roughly one in five black adults works for the government, teaching school, delivering mail, driving buses, processing criminal justice and managing large staffs. They are about 30 percent more likely to have a public sector job than non-Hispanic whites, and twice as likely as Hispanics.The Labor Department counts half a million fewer public sector jobs than before the start of the recession in 2007...understates just how much the government’s work force has shrunk.... because it fails to account for the normal growth in the country’s population: Factor that in, she said, and there are 1.8 million fewer jobs in the...
  • Why LA's $15 Minimum Wage Will Really Be $19.28

    05/24/2015 8:57:52 PM PDT · by 2ndDivisionVet · 31 replies
    Investor's Business Daily ^ | May 21, 2015 | Jed Graham
    The Los Angeles City Council this week voted to raise the minimum wage to $15 an hour. But the effective cost for employers likely will spike to nearly $20, at least for full-time workers. Once all the nonwage costs are added, including payroll taxes, paid sick leave and the big one — ObamaCare's employer mandate — minimum compensation for a full-time worker could rise as high as $19.28 an hour by 2020, an IBD analysis finds. That would amount to a jump of $10.67, or 124%, since June 2014. Seemingly absent from the minimum-wage debate has been the reality that...
  • Advertising newsletter PennySaver shuts down; hundreds lose their jobs

    05/24/2015 8:19:05 PM PDT · by Zakeet · 86 replies
    LA Times ^ | Stuart Pfeifer
    The PennySaver, an advertising newsletter that was a fixture in Southern California mailboxes for decades, is going out of business. Employees said they were told late Friday that the company was ceasing operations immediately, without warning or further explanation. “They said, ‘That’s it. We’re done. We’re closing. Everybody pack up your things and leave,'” said one employee, who asked that her name not be published because she was unauthorized by the company to talk to the news media. [Snip] On its website, OpenGate said the PennySaver is the largest direct mail shopping publication in the United States, reaching 11 million...
  • LA Restaurateurs Think the $15 Minimum Wage Hike Spells Doom for the Industry

    05/24/2015 6:33:11 PM PDT · by nickcarraway · 58 replies
    Eater ^ | May 22, 2015 | Crystal Coser
    Stephane Bombet, Bill Chait, Brooke Williamson, and Alan Schulman give their thoughtful takes on the issue. News broke on Tuesday that the LA City Council voted to increase the city's minimum wage to $15 by 2020. There is no question that the rather polarizing decision will put a serious strain on small businesses in its attempt to close the income gap. Restaurateurs, who manage notoriously thin margins, are hit especially hard with the new legislation. When asked for their reaction to the wage hike, four restaurant owners expressed disappointment for the failure to consider a more nuanced approach that considers...
  • Greece says it will default in June without aid from lenders

    05/24/2015 3:55:41 PM PDT · by SeekAndFind · 50 replies
    Ekathimerini ^ | 05/24/2015 | Renee Maltezou & Angeliki Koutantou
    Greece cannot make an upcoming payment to the International Monetary Fund on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens it is on the verge of default. Prime Minister Alexis Tsipras's leftist government says it hopes to reach a cash-for-reforms deal in days, although European Union and IMF lenders are more pessimistic and say talks are moving too slowly for that. Greek officials now point to a race against the clock to clinch a deal before payments totaling about 1.5 billion euros ($1.7 billion) to the IMF...
  • (Pew Report) RIP: Over 100 newspapers dumped in year, ads down 50%, circulation hits bottom

    05/24/2015 3:45:34 PM PDT · by Zakeet · 44 replies
    Washington Examiner ^ | May 24, 2015 | Paul Bedard
    The demise of big city print media, displayed in full by the painfully slow sale of the mammoth New York Daily News, is going nationwide as ad sales decline 50 percent and circulation plummets, according to a new Pew Research Center analysis According to their report, "The Declining Value Of U.S. Newspapers," just three different media companies in 2014 alone decided to dump more than 100 newspaper properties. Pew said the companies spun off the money-losing properties "in large part to protect their still-robust broadcast or digital divisions."
  • Bird Flu Spreading as Scientists Look Everywhere for Clues

    05/24/2015 2:30:04 PM PDT · by SatinDoll · 25 replies
    NBC and TODAY ^ | May 23, 2015 | Maggie Fox
    [The following is an excerpt.] Could it be blowing from farm to farm in the dirt? Could determined starlings and pigeons be carrying it into poultry houses on their feet? Is it spreading in feed, or being carried on truck tires? Federal agriculture officials are looking everywhere they can think of for H5N2 bird flu, which has spread to poultry flocks in 14 states and killed or forced the slaughter of more than 39 million birds. Highly pathogenic avian influenza has never spread like this before in the United States, and it's flummoxed the U.S. Department of Agriculture, farmers and...
  • Putting Congress in Charge on Trade (Et tu, Cruz?)

    05/24/2015 1:30:01 PM PDT · by Timber Rattler · 68 replies
    The Wall Street Journal ^ | May 24, 2015 | Paul Ryan and Ted Cruz
    The United States is making headway on two historic trade agreements, one with 11 countries on the Pacific Rim and another with America’s friends in Europe. These two agreements alone would mean greater access to a billion customers for American manufacturers, farmers and ranchers. But before the U.S. can complete the agreements, Congress needs to strengthen the country’s bargaining position by establishing trade-promotion authority, also known as TPA, which is an arrangement between Congress and the president for negotiating and considering trade agreements. In short, TPA is what U.S. negotiators need to win a fair deal for the American worker.
  • Environmentalists fail in bid to revoke GOP senator’s degree

    05/24/2015 12:13:14 PM PDT · by afraidfortherepublic · 32 replies
    Watchdog.org ^ | 5-21-15 | Tori Richards
    A Washington state senator has survived a campaign by Western Washington University students who demanded their school revoke his master’s degree because he’s not radical enough on global warming. Doug Ericksen, a Republican and chair of Washington’s Senate Energy, Environment and Telecommunications Committee, has blocked efforts to force businesses and residents to go green, but he supports voluntary compliance. He opposes mandated cap-and-trade programs and low-carbon fuel standards. But the effort to yank Ericksen’s degree — he earned his MA in political science and environmental policy at WWU — met with a stiff rebuke last week from the university’s president....
  • GM Is Set to Face Criminal Charges Over Ignition Switches

    05/24/2015 12:01:02 PM PDT · by jazusamo · 33 replies
    WSJ ^ | May 23, 2015 | CHRISTOPHER M. MATTHEWS & MIKE SPECTOR
    General Motors will likely be prosecuted over ignition switches linked to deathsFederal prosecutors are closing in on criminal charges against General Motors Co. over a faulty ignition switch linked to more than 100 deaths, but they are still weighing whether to charge individual employees, according to people familiar with the matter. The Manhattan U.S. attorney’s office has determined GM likely broke the law by making misstatements about the ignition-switch glitch in older Chevrolet Cobalts and other cars for more than a decade and will likely extract a fine exceeding $1 billion from the company, the people said. GM will either...
  • Privatization Fail: Scott Walker's WEDC in Full Meltdown (Is this Free Market economics?

    05/24/2015 11:46:40 AM PDT · by Laissez-faire capitalist · 83 replies
    PR Watch ^ | 5/18/2015 | Mary Bottari
    During the 2010 campaign for governor, Scott Walker promised to create 250,000 jobs in his first term. Toward this end, one of his first acts as governor was to privatize the state's economic development agency. Wisconsin Economic Development Corporation (WEDC) opened its doors in July 2011. After a series of damning audits, which highlighted mismanagement and incompetence, and news reports of special treatment for Walker donors, on Monday Democratic state lawmakers called for a federal investigation of the scandal-plagued entity. Walker is the Chairman of the Board When walker created WEDC in 2011, he named himself Chairman of the Board....
  • IRELAND’S ROAD TO SERFDOM

    05/24/2015 10:42:41 AM PDT · by NYer · 30 replies
    Breitbart ^ | May 23, 2015 | by BENJAMIN HARRIS-QUINNEY
    Two supposedly landmark political events have occurred on the island of Ireland this week.Both were greeted with an element of surprise and excitement and were hailed as great victories for the “progressive movement”, both were inevitable.The referendum in which Ireland supported Same Sex Marriage and a departure with Catholicism was not today, it was in 2009, when Irish people voted to ratify the Lisbon Treaty. They had to vote for a second time of course, their first answer being wrong, but that was the last scism of the defence of their religion and nationhood.The decision on both the Asher’s Bakery...
  • Guns & Ammo’s Single Stack 9mm Shootout

    05/24/2015 9:45:43 AM PDT · by rktman · 66 replies
    gunsandammo.com ^ | 5/22/2015 | G&A Staff
    To help shooters make that determination, Guns & Ammo has conducted an extensive test, pitting 10 popular single stack 9mm pistols against each other in a shootout. Testers fired more than 8,000 rounds of 9mm through the 10 pistols, documenting all failures and malfunctions over the length of the test, as well as accuracy both prior to and after the test’s completion.
  • No biggie: Your Obamacare premiums are going up. Way up in some cases.

    05/24/2015 6:24:57 AM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 05/23/2015 | Jazz Shaw
    The “Affordable” Care Act may be looking for a new name in the near future. As Fox News and the Wall Street Journal are reporting, the next round of health care premium cost adjustments are coming down the pike, and you’ll never guess where things are heading. Okay… you probably guessed already. The Wall Street Journal is reporting today that Obamacare rates are about to shoot up, in some cases as much as 40%. The rate increases requested by insurance carriers vary state by state, but the overall picture is bad.“In New Mexico, market leader Health Care Service Corp....
  • Southern Republican Leadership Conference: 5 takeaways

    05/24/2015 5:53:07 AM PDT · by Cincinatus' Wife · 11 replies
    Politico ^ | May 24, 2015 | Alex Isenstadt
    At one of the most important events on the GOP calendar, Scott Walker showed his crash course in foreign policy is paying off. OKLAHOMA CITY — Like most other recent GOP presidential forums and meetings, the Southern Republican Leadership Conference this week teemed with 2016 candidates aiming for a breakthrough moment. Nothing like that happened here. But in attending one of the most important events on pre-primary season calendar — one that drew roughly 2,000 conservative activists, mainly from the Republican Party’s Southern heartland — the White House hopefuls revealed a little more about themselves and the paths they see...
  • Scott Walker's GOP rips apart local democracy

    05/24/2015 5:33:16 AM PDT · by Cincinatus' Wife · 52 replies
    Madison Capital Times, Your Progressive Voice ^ | May 24, 2015 | John Nicholas, Associate Editor
    Scott Walker and his legislative minions have no respect for local democracy. One of Walker’s early acts as governor was to sign a law that pre-empted Milwaukee’s paid sick days ordinance — which voters had approved by 69 to 31 percent and which the state Court of Appeals had upheld. Dana Schultz of 9to5, the National Association of Working Women, described the state override of the Milwaukee law as “an assault on democracy, local control and working families." The assaults have continued, with Walker and his allies moving again and again to prevent Wisconsin’s towns, villages and cities from acting...
  • Personal details of 500 million Android users at risk: impossible to completely clear data

    05/23/2015 10:54:18 PM PDT · by iowamark · 5 replies
    UK Daily Mail ^ | 5/23/2015 | James Dunn
    Up to 500million Andriod users who use or have used Android software could be at risk from having personal information shared after tests revealed it's impossible to clear data from many devices. A report by Cambridge University showed that private text messages, images, videos and email details can be recovered, even after a total wipe - or factory reset - has been done. It means that people who have given away, sold or lost phones are now at risk from having their personal details and any private or sensitive information in messages or emails seen by whoever now has their...
  • Self-Driving Trucks Are Going to Hit Us Like a Human-Driven Truck

    05/23/2015 7:29:36 PM PDT · by RightGeek · 73 replies
    Medium ^ | 5/14/2015 | Scott Santens
    Late last year, I took a road trip with my partner from our home in New Orleans, Louisiana to Orlando, Florida and as we drove by town after town, we got to talking about the potential effects self-driving vehicle technology would have not only on truckers themselves, but on all the local economies dependent on trucker salaries. Once one starts wondering about this kind of one-two punch to America’s gut, one sees the prospects aren’t pretty. We are facing the decimation of entire small town economies, a disruption the likes of which we haven’t seen since the construction of the...
  • CRIMINAL MEETING’ OF BIKERS IN WACO WAS ACTUALLY ORGANIZED POLITICAL GATHERING (On Breitbart )

    05/22/2015 9:25:57 AM PDT · by wardaddy · 340 replies
    Breitbart ^ | 5-21-15 | Stranahan
    Despite the characterization by police that the afternoon gathering at a Twin Peaks restaurant in Waco, Texas that led to Sunday’s bloody shooting incident was a gathering of criminal biker gangs with violent intent, the meeting appears to have been a legitimate, organized gathering of motorcycle riders meeting to discuss political issues. The group that met was the Texas Confederation of Clubs and Independents (CoC&I) and a look at that group’s website and history gives a very different impression of the group’s purpose and goals than what has been said repeatedly by Waco police Sgt. W. Patrick Swanton.
  • Threats From Gun Control Supports Force Car Dealer To Drop Gun Giveaway

    05/23/2015 10:36:24 AM PDT · by rktman · 17 replies
    bearingarms.com ^ | 5/22/2015 | Bob Owens
    Gun control supporters have bombarded a Minnesota car dealership with angry calls and threats, forcing the dealer to pull the ad for fears that his employees were in danger:
  • Sen. Cruz: Trade Promotion Authority Creates a Path for Prosperity

    05/23/2015 10:11:24 AM PDT · by Theoria · 148 replies
    Cruz.Senate.Gov ^ | 22 May 2015 | Ted Cruz
    We must engage the global economy to ignite growth and opportunity at home May 22, 2015 | 202-228-7561 WASHINGTON, D.C. - U.S. Sen. Ted Cruz (R-Texas), today released the following statement regarding legislation to establish trade promotion authority: "The American middle class is getting crushed by the Obama economy," said Sen. Cruz. "Middle class incomes are stagnating, and the labor force participation rate has not been this low since the Carter Administration. While I have serious concerns about the all-too-typical Washington backroom deals that enabled this bill to get to the floor, I could not in good conscience vote against...
  • Boehner Praises Trade Bill Passage (Boehner Praises 'Classified' Obamatrade...)

    05/23/2015 9:43:18 AM PDT · by Enlightened1 · 24 replies
    The Weekly Standard ^ | 05/22/15 | DANIEL HALPER
    Speaker of the House John Boehner is praising the Senate's passage of the trade bill and calling on Democrats to join with Republicans to pass the law in the House. “Trade helps create good-paying American jobs, so it’s good news that the Senate has put us one step closer to eliminating trade barriers. These reforms have the support of farmers, manufacturers, small business owners, and Americans from all walks of life, and it’s not hard to figure out why," Boehner says in a statement. "With trade promotion authority, we’ll be able to hold President Obama accountable so America’s workers can...
  • Banks as Felons, or Criminality Lite

    05/23/2015 9:43:13 AM PDT · by NRx · 10 replies
    NT Times ^ | 05-23-2015 | NY Times (op-ed)
    As of this week, Citicorp, JPMorgan Chase, Barclays and Royal Bank of Scotland are felons, having pleaded guilty on Wednesday to criminal charges of conspiring to rig the value of the world’s currencies. According to the Justice Department, the lengthy and lucrative conspiracy enabled the banks to pad their profits without regard to fairness, the law or the public good. Besides the criminal label, however, nothing much has changed for the banks. And that means nothing much has changed for the public. There is no meaningful accountability in the plea deals and, by extension, no meaningful deterrence from future wrongdoing....
  • US suffering from massive equality of rich and poor(read header carefully!)

    05/23/2015 8:15:27 AM PDT · by rktman · 6 replies
    americanthinker.com ^ | 5/23/2015 | Newsmachete
    Propaganda is about telling a good story. So when the media wants to tell a story of how the rich are getting richer and the poor are getting poorer, they ignore inconvenient facts, such as the value of the various federal, state, and local transfer payments as well as the value of charitable contributions from private groups such as soup kitchens. That would interfere with the story that is needed to justify higher taxes and higher spending.
  • Krugman Proves He’s Super Smart By Doctoring A Chart (So It Agrees With Him)

    05/23/2015 7:59:25 AM PDT · by lowbridge · 7 replies
    dailycaller.com ^ | may 22, 2015 | Peter fricke
    Liberal economist Paul Krugman appears to have cherry-picked data to support his belief in the Federal Reserve’s ability to stabilize the economy. In a recent column responding to another economist, Krugman included a chart purporting to show that central bank interest rates have a significant effect on long-term investments. Yet in a post for the Pragmatic Capitalism blog, entrepreneur and financial expert Cullen Roche asserts that Krugman “decided to remove 20 years worth of data because it fit his argument better.” And it appears to check out.
  • Hostess's Revival: What Can Happen When You're Allowed to Start Fresh(zinger alert!)

    05/23/2015 7:30:03 AM PDT · by rktman · 35 replies
    newsbusters.org ^ | 5/22/2015 | Tom Blumer
    Because it received no national press coverage despite affecting workers in 48 states, very few people know that the Department of Labor decided after Hostess's implosion that the company's 18,000 affected workers would be eligible for Trade Adjustment Assistance. That's supposed to happen when workers lose their jobs because of imports, not because they walked away from their jobs and took their employer down with them. At the time, I estimated the taxpayer costs involved at about $800 million. A February 2012 Investor's Business Daily editorial accurately described the government's decision as "a reward for those who refuse to negotiate,...
  • Why many experts missed this: Cheap oil can hurt US economy

    05/23/2015 7:20:57 AM PDT · by dila813 · 32 replies
    Yahoo ^ | Today | CHRISTOPHER S. RUGABER
    WASHINGTON (AP) — If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. It hasn't worked out that way. The economy is thought to have shrunk in the January-March quarter and may barely grow for the first half of 2015 — thanks in part to sharp cuts in energy drilling. And despite their savings at the gas pump, consumers have slowed rather than increased their spending.
  • Where Is Scott Walker?

    05/23/2015 2:38:23 AM PDT · by Cincinatus' Wife · 93 replies
    New York Magazine ^ | May 22, 2015 | Marin Cogan
    Over the last three months, the GOP's Iowa front-runner has become an incredible, shrinking presence on the campaign trail. Sure, he's still touring the country, introducing himself to voters, telling them how unafraid he was to stand up to the unions and liberal protesters he battled in Wisconsin, but he's also ducking out of uncontrolled situations, skipping questions from the press, and spending more time on small or private events, usually packed with friendly crowds. Last week, when he traveled to Israel — usually an occasion to invite reporters or hold a press conference — Walker held no press events....
  • Obamacare May Force Some Insurers to Boost Their Premiums an Alarming Amount

    05/22/2015 10:48:33 PM PDT · by Cincinatus' Wife · 55 replies
    Slate ^ | May 22, 2015 | Mark Joseph Stern
    On the whole, the Affordable Care Act is working pretty well, getting more people insured and increasing the quality of insurance overall. But on Thursday, the Wall Street Journal reported an alarming development: Health insurers on many state exchanges are looking to boost their premiums a ridiculous amount in 2016. New Mexico's leading provider, for instance, is seeking a 51.6 percent hike, while Maryland's is seeking a 30.4 percent hike. (Insurers in other states, like Vermont and Indiana, are asking for minimal increases.) Libertarian and conservative outlets are, predictably, citing the rate hike as yet another Obamacare catastrophe. But it's...
  • G.M. Inquiry Said to Find Criminal Wrongdoing

    05/22/2015 8:54:41 PM PDT · by Brad from Tennessee · 31 replies
    New York Times ^ | May 22, 2015 | By DANIELLE IVORY, BEN PROTESS and BILL VLASIC
    Justice Department investigators have identified criminal wrongdoing in General Motors’ failure to disclose a defect tied to at least 104 deaths, and are negotiating what is expected to be a record penalty, according to people briefed on the inquiry. A settlement could be reached as soon as this summer. The final number is still being negotiated, but it is expected to eclipse the $1.2 billion paid last year by Toyota for concealing unintended acceleration problems in its vehicles, said the people, who did not want to be identified because the negotiations weren’t complete. G.M.’s eagerness to resolve the investigation —...
  • Pending $15 minimum wage forces Seattle pizza shop to close

    05/22/2015 8:37:03 PM PDT · by grundle · 62 replies
    KPLC ^ | April 29, 2015
    A pizza shop owner in Seattle says the city's new minimum wage law is forcing her to close her doors. The new law says businesses have six years to phase into giving employees $15 an hour. Devin Jeran was happy to get a raise when Seattle's minimum wage went up to $11 an hour at the beginning of the month. “I definitely recognize that having more money is important, especially in a city as expensive as this one,” he said. He'll only enjoy that bigger paycheck for a few more months. In August, his boss is shutting down Z Pizza,...
  • Obama wins trade victory in the Senate

    05/22/2015 6:53:25 PM PDT · by Beave Meister · 178 replies
    The Washington Post ^ | 5/22/2015 | Paul Kane
    President Obama won a big victory for his trade agenda Friday with the Senate’s approval of fast-track legislation that could make it easier for him to complete a wide-ranging trade deal that would include 11 Pacific Rim nations. A coalition of nearly 50 Senate Republicans and more than 10 Democrats voted for Trade Promotion Authority late Friday, sending the legislation to the House for a difficult fight as Obama faces more entrenched opposition from Democrats. The Senate coalition fought off several attempts by opponents to undermine the legislation, defeating amendments that were politically popular but potentially poisonous to Obama’s bid...
  • It Is Mathematically Impossible To Pay Off All Of Our Debt

    05/22/2015 5:14:38 PM PDT · by fhayek · 133 replies
    Zero Hedge ^ | 5/22/15 | Michael Snyder/Tyler Durden
    Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year. Many believe that if we paid it off a little bit at a time that we could eventually pay it all off, but as you will see below that isn’t going to work either. It has been projected that “mandatory” federal spending on programs such as Social Security, Medicaid and...
  • Alpha Natural Resources scaling back central Appalachian mining operations; 439 jobs will be lost

    05/22/2015 2:01:26 PM PDT · by don-o · 14 replies
    Bristol Herald Courier ^ | May 22, 2015 | SUSAN CAMERON
    BRISTOL, Va. -- Alpha Natural Resources announced this afternoon that it's idling the mining and processing operations at Rockspring Development Camp Creek underground mine in Wayne County, West Virginia, which will mean the loss of 439 jobs. Employees were notified today about the idling "based on the mine operator's current assessment of market conditions,"according to a news release issued by Alpha Natural Resources. Last week, three other Alpha-affiliated mine operators announced reductions in work force "due to sustained weak market conditions and government regulations that have challenged the entire central Appalachian coal industry. A total of 71 employees were affected...
  • The danger of climate denial - It's no laughing matter

    05/22/2015 12:22:59 PM PDT · by Cincinatus' Wife · 80 replies
    Baltimore Sun ^ | May 22, 2015 | staff
    It's Memorial Day, and the forecast is for renewed mocking and derision regarding man-made climate change from the know-nothing, science-averse wing of the Republican Party. President Barack Obama's warning—issued during his commencement address at the U.S. Coast Guard Academy graduation ceremonies Wednesday—that climate change represents a national security threat seems certain to provoke that kind of stormy reaction.[SNIP]Among the Republicans running for president, climate change denial is the current mode of thinking for most....it's hard to see anyone in the crowd calling for military preparedness. Mostly, the candidates appear interested in sidestepping the topic (albeit in a disapproving manner)..The result...