Business/Economy (News/Activism)

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  • Restoring West Coast Ocean Cargo Service May Be Costly Proposition

    03/06/2015 11:41:00 AM PST · by Vigilanteman · 4 replies
    Logistics Management ^ | 3 March 2015 | Patrick Burnson
    Expected post-Lunar New Year cargo growth will accelerate equipment, cargo handling and other costs going forward, maintain ocean carrier executives. While the full impact on ocean carrier deployments to U.S. West Coat ports has yet to be measured, major players comprising the Transpacific Stabilization Agreement (TSA) are standing firm on raising rates. According to TSA spokesman, Niels Erich, container shipping lines have begun the slow work of repairing their networks as U.S. West Coast congestion difficulties ease. “At the same time, forward bookings suggest that post-Lunar New Year cargo demand will resume after the week-long Asia holidays and continue to...
  • Stocks Fall as Rate Hike Is Expected Sooner Rather Than Later

    03/06/2015 11:29:57 AM PST · by John W · 9 replies
    the street.com ^ | March 6, 2015 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- Stocks fell on Friday as better-than-expected jobs figures increased the likelihood of a rate hike from the Federal Reserve in the near future, according to an economist. Crude oil prices were also pressuring markets even as the U.S. rig count declined for the 13th straight week. The number of jobs the U.S. economy added in February rose sharply to 295,000 jobs from a downwardly revised 239,000 in January, the Labor Department said Friday. Economists had expected an increase of 235,000. The unemployment rate in February ticked down to 5.5%, lower than a forecast 5.6%. "Continued healthy...
  • Why Rush Limbaugh Is Dragging Down AM Talk Radio

    03/06/2015 11:00:39 AM PST · by Bratch · 38 replies
    Radio Survivor ^ | March 6, 2015 | Paul Riismandel
    Talk radio veteran Darryl Parks is a harsh critic of how the format continues to lose touch with most of the radio audience who aren’t white male baby boomers. In a new post this week he takes aim at Rush Limbaugh, describing the leading conservative talk host’s “fall into oblivion.”Parks notes that Limbaugh’s program is sinking in the ratings in New York and Los Angeles and has been shuttled off to lower ranked stations. Now it’s rumored– as first reported by Robert Feder–that his Chicago affiliate is preparing to dump ol’ Rushbo, too. A spokeswoman for WLS-AM owner Culumus Media has denied that rumor, though Parks...
  • The making of Scott Walker, statesman [here come the long knives]

    03/06/2015 10:50:14 AM PST · by Cincinatus' Wife · 35 replies
    Washington Post ^ | Philip Rucker and Robert Costa
    On a recent Monday at Washington’s Willard InterContinental Hotel, Wisconsin Gov. Scott Walker was schooled on the world by some of the GOP’s leading foreign-policy lights. In a two-hour tutorial, seated around a table in the Taft Room sipping sodas and coffee, they used detailed regional maps to lead the likely presidential candidate on a tour of the globe’s hot spots: Israel and the Middle East, Latin America, Russia and Ukraine.​ The reason for Walker’s crash course was urgent: He has not impressed many leading Republicans with his grasp of foreign affairs. He drew mockery from members of both parties...
  • Wisconsin Assembly Moves To End Forced Unionization

    03/06/2015 10:36:09 AM PST · by Cincinatus' Wife · 20 replies
    Daily Caller ^ | March 6, 2015 | Connor D. Wolf
    After debating all night, the Wisconsin Assembly passed a right-to-work bill Friday which is designed to end mandatory union membership in the state. The policy, which has passed in 24 states, outlaws forced union dues as a condition of employment. After a state version of the policy passed the Wisconsin Senate last week it was sent to the Assembly where representatives heard testimony from labor experts, union leaders and the public before voting 62-35 in favor of the legislation. Mark Mix, the president of the National Right to Work Committee, praised the Assembly for moving the legislation to Gov. Scott...
  • The Danger Lurking in a Possible Supreme Court Victory for Obamacare ("President Ted Cruz")

    03/06/2015 10:20:26 AM PST · by 2ndDivisionVet · 21 replies
    The Nation ^ | March 5, 2015 | George Zornick
    When the Supreme Court heard arguments in King v. Burwell on Wednesday, it was forced to consider whether just a few words in the Affordable Care Act—“exchange established by the state”—meant that people living in states with federal exchanges shouldn’t be receiving any subsidies to buy health insurance. If the justices ultimately don’t think the language is clear either way, they could still invoke what’s known as the Chevron deference to uphold Obamacare in its current form. In 1984, Chevron v. Natural Resources Defense Council established a precedent that courts should defer to relevant agencies if a legislative text does...
  • Lew to Congress: US hits debt limit on March 16, must be raised ASAP

    03/06/2015 10:13:30 AM PST · by Theoria · 30 replies
    CNBC ^ | 06 Mar 2015 | Everett Rosenfeld
    Unless Congress takes action, the U.S. will hit its debt limit on Mar. 16, but would begin taking "extraordinary measures" to finance the government on a temporary basis, according to the U.S. Treasury. In a Friday morning letter to House Speaker John Boehner and other House and Senate leaders, Treasury Secretary Jack Lew said that his office will be forced to suspend the issuance of State and Local Government Series securities on Mar. 13 unless the debt limit is decreased. "Accordingly, I respectfully ask Congress to raise the debt limit as soon as possible," Lew wrote in his letter. The...
  • Factory Orders Unexpectedly Decline 6th Month

    03/06/2015 9:26:13 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | March 6, 2015 | Mike Shedlock
    Extending the longest streak since the 2008-2009 recession, Factory Orders Unexpectedly Decline 6th Month. New orders for U.S. factory goods unexpectedly fell in January, posting their sixth straight monthly decline, a sign of weakness in the manufacturing sector. The Commerce Department said on Thursday new orders for manufactured goods slipped 0.2 percent after a revised 3.5 percent decline in December. Economists polled by Reuters had expected factory orders to gain 0.2 percent in January after a previously reported 3.4 percent tumble in December.
  • German Parliament approves quota for female directors

    03/06/2015 9:26:02 AM PST · by Olog-hai · 5 replies
    Associated Press ^ | Mar 6, 2015 8:03 AM EST | Geir Moulson
    Germany’s Parliament on Friday approved a quota system that will require leading companies in Europe’s biggest economy to have at least 30 percent women on their supervisory boards starting next year. The quota will apply to the directors of more than 100 listed companies, though not to their management boards. Another 3,500 firms will be required to set targets of their choosing to raise the number of female directors and women in other leadership positions. […] Lawmakers from Chancellor Angela Merkel’s governing coalition of conservatives and Social Democrats backed the legislation Friday. Opposition lawmakers, who argued that it didn’t go...
  • Jobs or Bust

    03/06/2015 9:21:39 AM PST · by Kaslin
    Townhall.com ^ | March 6, 2015 | Charles Payne
    Today is the big jobs day report. It is always a nail-biter, but more so since this week's ADP number was a major disappointment. In addition to total jobs, here are the elements that matter to Main Street and could even dictate Fed policy.The wage spike in January was long overdue, but many wonder if there was a seasonal effect, including the onetime increase in the minimum wage.The Beige Book report from the Fed did not indicate a big spike in wages, but there are signs:The high skill sideWage pressures were moderate across most Districts, but some contacts reported increased wages to attract...
  • Where are the jobs? America’s new leisure class

    03/06/2015 9:04:11 AM PST · by SeekAndFind · 19 replies
    Townhall ^ | 03/06/2015 | Peter Morici
    To listen to President Obama, the U.S. economy is firing on all cylinders. Yet it is hardly creating jobs at a breakneck pace, and too many able-bodied men have grown lazy and show no interest in working. Friday, economists expect the Labor Department to report 230,000 jobs were added in February—down from 336,000 averaged the prior three months. Economists at Wells Fargo expect the pace for the entire year to be only 224,000. The culprits remain slow growth, and Obama’s attempts to remedy income inequality with government programs that fail to lift millions of Americans to dignified work. Since the...
  • Here Are The 379 Companies Urging The Supreme Court To Support Same-Sex Marriage

    03/06/2015 8:36:21 AM PST · by GIdget2004 · 83 replies
    Huff Post ^ | 03/05/2015 | Alexander C. Kaufman
    Big business has come out in favor of same-sex marriage. Exactly 379 corporations and employer organizations urged the Supreme Court to strike down state bans on gay marriage, according to a friend-of-the-court brief obtained by The Huffington Post. The document was expected to be filed late Thursday morning. “Employers are better served by a uniform marriage rule that gives equal dignity to employee relationships,” reads the brief, filed by global law firm Morgan Lewis. “Allowing same-sex couples to marry improves employee morale and productivity, reduces uncertainty, and removes the wasteful administrative burdens imposed by the current disparity of state law...
  • U.S. Federal Employment Related to Higher Financial Well-Being

    03/06/2015 7:56:32 AM PST · by Hojczyk · 16 replies
    Gallup ^ | March 5,2015 | Jessica Mangskau and Steve Ander
    U.S. federal government workers are thriving in their financial well-being more than the rest of the workforce. On average, 44% of federal government employees are thriving financially, compared with 34% of all other workers in the U.S. Federal pay has been a topic of debate for years, with differing accounts of whether federal employees are paid more, no more or less than non-federal employees. However, financial well-being is not a direct report of salary, benefits or overall compensation. It is a composite of responses to the perceptions of standards of living, affordability of basic necessities and financial woes based on...
  • "Net Neutrality" Myths: Lessons From What Killed the Railroads

    03/06/2015 7:54:50 AM PST · by SeekAndFind · 10 replies
    RCM ^ | 03/06/2015 | Robert Samuelson
    As a young reporter in the 1970s, I covered the Interstate Commerce Commission (ICC). Created in 1887, the ICC regulated the nation's railroads and sought to protect the public against abusive freight rates. Congress deregulated the railroads in 1980 and ultimately abolished the ICC. The verdict was that the agency had so weakened the industry that a government takeover might be necessary. Deregulation was a desperate alternative to nationalization. I mention all this because there are obvious parallels between the Internet today and the railroads in the late 19th century. Like the railroads then, the Internet today is the great...
  • High-powered laser weapon destroys truck from 1 mile away in ‘seconds’

    03/06/2015 7:08:05 AM PST · by Red Badger · 57 replies
    www.washingtontimes.com ^ | Friday, March 6, 2015 | By Douglas Ernst
    Lockheed Martin turned up the heat on its laser weapon technology and destroyed a truck from one mile away. The Maryland-based company’s test of the ATHENA laser weapon was the highest power ever recorded of a laser weapon of its type. The Advanced Test High Energy Asset’s March 3 test destroyed its target in a “matter of seconds,” the company said in a statement. An image of the smoking vehicle accompanied its announcement. “This test represents the next step to providing lightweight and rugged laser weapon systems for military aircraft, helicopters, ships and trucks,” said Keoki Jackson, chief technology officer...
  • U.S. employers add nearly 300K jobs in February 2015; Unemployment dips to 5.5 percent

    03/06/2015 6:51:40 AM PST · by SeekAndFind · 27 replies
    The U.S. economy added 295,000 jobs in the February, according to the Labor Department's monthly survey and the unemployment rate dropped to 5.5 percent. The latest strong data beat expectations and follows on the heels of a robust jump for the previous month — a sign that the economy is finally picking up steam. Expectations among economists had been for the economy to add another 240,000 jobs from last month and for the unemployment rate to notch back down to 5.6 percent, where it stood for December. The slight increase in the rate last month was attributed to strong growth...
  • Are Obama's Arab-Firster Policy Hawks Anti-Semites?

    03/06/2015 6:38:31 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | March 6, 2015 | John Ransom
    Judging by liberal reaction to Benjamin Netanyahu's speech to Congress on Tuesday, the Israeli Prime minister scored a direct hit at Obama's Arab-first policy. At least amongst the Arab-first crowd that Obama supports. "Given how much buildup the speech received," writes Matthew Duss in Slate, "and how much of America’s time has been wasted with the controversy surrounding it—it’s simply amazing that Netanyahu didn’t use the chance to offer any new or interesting ideas."And that's the best Duss has to offer in the Slate piece titled Netanyahu Just Did Obama a Big Favor.He never really gets to the big favor...
  • EPA Chief Gina McCarthy Can't Answer Climate Questions

    03/06/2015 6:10:05 AM PST · by raptor22 · 29 replies
    Investor's Business Daily ^ | March 6, 2015 | IBD EDITORIALS
    limate Change: Gina McCarthy, head of the EPA, can't answer basic questions about global temperatures, climate models or numbers of hurricanes. She didn't know being a global warming zealot requires knowledge of math. If the science of climate change was "settled," you'd think one of the generals in the war on global warming would have memorized the numbers that point to our planetary doom from a menace the administration says is a greater threat than terrorism. But McCarthy was asked some pretty simple questions Wednesday at a Senate hearing Wednesday on her request for $8.6 billion to help fight the...
  • New Test Raises Fresh Concerns<br> About U.S. Education Quality

    03/06/2015 5:32:38 AM PST · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 03/05/2015 | Terry Jones
    In the race to the future, education is key. Everyone knows that. And yet, if that's so, America may be in big trouble.
  • Euro hits 12-year low, parity with dollar looms

    03/06/2015 5:20:35 AM PST · by SeekAndFind
    UT San Diego ^ | 03/06/2015 | By PAN PYLAS
    LONDON (AP) — The euro could soon be doing something it's only done a couple of times in its 16-year existence — trading 1-to-1 with the dollar. Europe's single currency has since May been on a downward trajectory against the dollar, mainly because of the divergence in economic performance between the eurozone and the United States. Where the eurozone's recovery from the global financial crisis has been at best anemic, the U.S. economy appears to be going from strength to strength. And that divergence is hurting the euro's fortunes. From $1.40 last spring, it is now trading below $1.10 for...
  • Scott Walker takes on unions again

    03/06/2015 4:36:08 AM PST · by Cincinatus' Wife · 20 replies
    Politico ^ | Brian Mahoney
    Scott Walker’s likely pending victory over organized labor — passage of a right-to-work law in Wisconsin — will be just the latest milestone in a resurgent anti-union movement marching across the industrial heartland. With passage expected as early as Friday, right to work — which allows workers not to pay dues to a union that bargains collectively on their behalf — is progressing through the states more swiftly than at any time since the 1950s. And where once such measures were confined largely to the South and West, they‘re now taking root in Midwestern union strongholds like Indiana and Michigan,...
  • Presidential Cattle Call: A Preview of the First Iowa Agriculture Summit

    03/06/2015 4:06:16 AM PST · by iowamark · 2 replies
    The Iowa Republican ^ | March 6 2014 | Kevin Hall
    900 likely Iowa Caucusgoers, 250 media members and a slew of their presidential hopefuls. That is what awaits the speakers at Saturday’s Iowa Agriculture Summit. The first time event, produced by GOP power broker Bruce Rastetter, will be different from any multi-candidate event in Iowa history. “Unfortunately, until now, there has not been a forum solely dedicated to matters that directly affect Iowa farmers who feed and fuel not just the country, but the world,” Rastetter said.Each of the presidential candidates will address the audience, then have a conversation with Rastetter about agriculture-related issues. Topics will include modern agriculture, renewable...
  • U.N. climate chief admits goal of calls for regulation is worldwide redistribution of wealth

    03/06/2015 1:30:27 AM PST · by Boomer · 25 replies
    Liberty Unyielding ^ | March 3, 2015 | Jeff Dunetz
    A high UN official has admitted the real reason for the climate hysteria: to transform the world economy, redistributing income between from rich nations to poorer ones. Christiana Figueres, the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), warned that the fight against climate change is a process and that the sought-after transformation of the world economy will not be decided at one conference or in one agreement.
  • "Rinky-dink" Scott Walker’s Secret Weapon

    03/06/2015 12:22:52 AM PST · by Cincinatus' Wife · 36 replies
    Slate ^ | March 5, 2015 | etsy Woodruff
    MADISON, Wisconsin—Scott Walker loves the haters. In recent years as Wisconsin has moved further to the right, the mild-mannered preacher’s son has become in the eyes of his opponents an icon of all that is evil—and he seems to relish it. On the stump, the governor is fond of talking up the fact that he’s “the No. 1 target in America of the labor unions and many others on the left,” and the hecklers that seem willing to follow him to the ends of the Earth give him a chance to flex his conservative muscles. They feed the perception that...
  • Oakland mayor urges support for small businesses struggling with new minimum wage

    03/05/2015 9:58:06 AM PST · by E. Pluribus Unum · 34 replies
    Mercury News ^ | 03/05/2015 | Bay City News Service
    OAKLAND - Oakland Mayor Libby Schaaf made a pitch Wednesday morning for the 82 percent of Oakland voters who passed a minimum wage hike in November to support local businesses struggling to adjust to higher costs. "It's time for Oaklanders to put their money where their votes were," Schaaf said at a news conference outside of Farley's East coffee shop on Grand Avenue.
  • A year after refusing to provide cake for gay ‘wedding,’ Christian bakery closes

    03/05/2015 8:55:39 PM PST · by 2ndDivisionVet · 36 replies
    LifeSite ^ | March 5, 2015 | Kirsten Andersen
    An Indianapolis bakery that drew national media attention a year ago after refusing to make a cake for a same-sex “wedding” has closed its doors. Randy and Trish McGath, the owners of the former 111 Cakery, said they closed the business down because Trish, the shop’s primary baker, was tired and wanted to spend more time with her grandchildren. The work was “wearing [Trish] out,” said Randy, who has since transitioned to a job selling recreational vehicles. Last March, the McGaths endured a campaign of internet harassment by homosexual activists after a local television station reported that the couple had...
  • Lockheed Martin Claims Sustainable Fusion Is Within Its Grasp

    03/05/2015 8:06:11 PM PST · by Dallas59 · 49 replies
    twaddle.newsvine.com ^ | 2015-03-04 | twaddle.newsvine.com
    Lockheed Martin's Skunk Works claims the ability to generate cheap energy from nuclear fusion with little waste or global warming is within its grasp. Imagine a source of electrical power that uses water for fuel, produces byproducts that are totally safe and releases no air pollution. Then imagine that once it's up and running, it'll be so portable that an entire power plant could fit into the cargo hold of an airplane. Now, imagine that it'll be running in prototype form in five years and operating commercially in ten.
  • Charles Koch, Liberal Crusader?

    03/05/2015 7:59:21 PM PST · by nickcarraway · 11 replies
    Politico ^ | March/April 2015 | Michael Hirsh
    He’s one of the left’s biggest bogeymen. Now he’s teaming up with George Soros.It was something of a surreal moment. Charles de Ganahl Koch, the nerdy multibillionaire from Wichita who has become known as the Rasputin of the American Right, was trying to explain to me why he was getting into bed—politically speaking—with people like George Soros, his progressive archrival in the big-money-and-politics set, and Cory Booker, the liberal black senator and former mayor of beleaguered (and very Democratic) Newark, New Jersey. The vast apparatus of foundations, advocacy groups, corporations and think tanks that Koch oversees and supports—what his critics...
  • Electric Garbage Trucks: Huge Energy Savings And They Won't Wake You Up In The Morning

    03/05/2015 5:37:16 PM PST · by LogicDesigner · 50 replies
    Forbes ^ | March 4, 2015 | Peter Kelly-Detwiler
    If one raises the topic of electric vehicles (EVs), everybody seems focused on Tesla these days. How many vehicles have they sold? Is Apple a would-be competitor? Where’s the stock going? And of course Tesla and its EV brethren have tremendous potential to reduce overall energy consumption and pollution, if sold in significant volumes. To date, there are over 250,000 EVs on the road, which is a solid start. But if one really wants to cut down on fuel use through electrification of vehicles, it might make sense to focus on the types of vehicles in which the most energy...
  • This is just the start of the college implosion

    03/05/2015 2:13:34 PM PST · by Varsity Flight · 59 replies
    A 114-year-old college that's closing its doors may have to give more than $50 million back to donors After 114 years, Sweet Briar College revealed this week that it's closing after the spring 2015 semester, an abrupt announcement that shocked students, alumni, and many people active in higher education.
  • Andrea Mitchell on MSNBC (YouTube)

    03/05/2015 1:50:27 PM PST · by Sgt_Schultze · 11 replies
    YouTube ^ | 5 Mar 2015 | MSNBC
    During a broadcast, a caller pretended to be a passenger on the NY plane that skidded off the runway. Listen as "journalist" Andrea Mitchell hears curse words in response to her question, and then follows up with another serious question - demonstrating that she isn't interested, of even aware of the responses. http://youtu.be/PBlPhXXEn5Q
  • Not-So-Favorite Son? Scott Walker Catches Jeb Bush in Florida in 2016 Poll

    03/05/2015 12:10:33 PM PST · by Cincinatus' Wife · 52 replies
    Sunshine State News ^ | March 5, 2015 | Kevin Derby
    “Rubio is popular, but in his home state he is taking a back seat to Bush vs. Walker,” Kaplan said. “Even among Hispanics, Bush takes 24 percent, Walker 23 percent and Rubio, a Cuban-American, comes in third with 11 percent -- roughly his same level of support across the state’s Republicans in an open field.” A new poll shows Wisconsin Gov. Scott Walker is running in a dead heat with former Florida Gov. Jeb Bush in the Sunshine State as the 2016 presidential race looms. Gravis Marketing released its poll of Florida Republicans this week, which finds Bush ahead with...
  • Nova Scotia aquaculture fish killed by superchilled water

    03/05/2015 11:50:56 AM PST · by Red Badger · 20 replies
    CBC News ^ | Mar 03, 2015 3:15 PM AT | Staff
    Cooke Aquaculture sites in Annapolis Basin, Shelburne Harbour, Jordan Bay reporting mortalities Fish at three aquaculture sites in Nova Scotia have died and a so-called superchill is suspected, the provincial Department of Fisheries and Aquaculture said Tuesday. Cooke Aquaculture's sites in the Annapolis Basin, Shelburne Harbour and Jordan Bay are reporting mortalities, officials said. A fish health veterinarian visited the Annapolis Basin and Shelburne Harbour sites and is expected to visit the Jordan Bay site in the next few days to investigate the cause of death, Fisheries and Aquaculture Minister Keith Colwell said in a statement. "Our provincial fish health...
  • Hillary Clinton's focus on women's pay may resonate broadly: poll [barf alert]

    03/05/2015 11:42:32 AM PST · by ConservingFreedom · 29 replies
    Reuters ^ | Mar 5, 2015 | Amanda Becker and Jonathan Allen
    A Reuters/Ipsos poll shows that about two-thirds of Americans believe men are generally paid more than women, a finding that suggests that Democrat Hillary Clinton's message on pay inequality could resonate broadly with Americans should she run for president in 2016. Fifty-one percent of respondents said the U.S. government should be doing more to encourage equal pay, the online poll of 2,348 adults from Feb. 27 to March 3 showed. Broken down by political party, 67 percent of Democrats and 36 percent of Republicans said the federal government should be playing a more active role, according to the poll. The...
  • Mayor to NYC business leaders: Start pay at $13 an hour

    03/05/2015 10:06:09 AM PST · by Olog-hai · 36 replies
    Associated Press ^ | Mar 5, 2015 12:11 PM EST | Jonathan Lemire
    Mayor Bill de Blasio, promoting his message of income equality and empowering the less fortunate, pressed influential New York City business leaders on Thursday to raise their workers’ starting pay to $13 an hour. The liberal mayor made his call in front of a group that broadly supported his predecessor, billionaire businessman Michael Bloomberg, and at times had been skeptical of de Blasio’s agenda: a gathering of the well-heeled and powerful known as The Association for a Better New York. “I want to call on you, the business leaders gathered in this room, to do your part,” the mayor, a...
  • US productivity falls at faster pace, labor costs rise (recovery?)

    03/05/2015 10:01:13 AM PST · by Olog-hai · 10 replies
    Associated Press ^ | Mar 5, 2015 12:22 PM EST | Martin Crutsinger
    U.S. worker productivity was even weaker than first thought from October through December while labor costs rose at a faster rate. Productivity declined at an annual rate of 2.2 percent in the fourth quarter, weaker than the 1.8 percent drop that was estimated a month ago, the Labor Department said Thursday. Labor costs rose at a 4.1 percent rate, faster than the 2.7 percent increase first estimated. Weaker productivity and higher labor costs could spell inflation troubles for the economy. But analysts say that the changes in the fourth quarter are temporary and not an indication that inflation is about...
  • Government-Wide Improper Payments Totaled $124.7 BillionFederal Debt Has Reached $18 Trillion

    03/05/2015 8:52:53 AM PST · by lbryce · 10 replies
    Washington Free Beacon ^ | March 4 , 2015 | Elizabeth Harrington
    The federal government issued $124.7 billion in improper payments in fiscal year 2014, representing a 17.9 percent increase, according to the Government Accountability Office (GAO). Medicare reported the highest number of improper payments with $59.914 billion, followed by the Earned Income Tax Credit (EITC) at $17.7 billion, which has an error rate of 27.2 percent.
  • Grading the Rubio-Lee Tax Reform Plan

    03/05/2015 8:29:38 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | March 5, 2015 | Daniel J. Mitchell
    In my 2012 primer on fundamental tax reform, I explained that the three biggest warts in the current system.1. High tax rates that penalize productive behavior.2. Pervasive double taxation that discourages saving and investment.3. Corrupt loopholes and cronyism that bribe people to make less productive choices.These problems all need to be addressed, but I also acknowledged additional concerns with the internal revenue code, such as worldwide taxation and erosion ofconstitutional freedoms an civil liberties.In a perfect world, we would shrink government to such a small size that there was no need for any sort of broad-based tax (remember, the United...
  • Should You File Your Taxes Yourself or Call in a Tax Expert?

    03/05/2015 8:22:09 AM PST · by Kid Shelleen · 35 replies
    US News and World Report ^ | 02/13/2015 | Molly McCluskey
    Ask any accountant, and they'll tell you that you should always hire a professional to prepare your taxes. But the continued popularity of online software prep programs would imply otherwise. For many Americans with simple tax returns, an online tax preparer like H&R Block or Jackson Hewitt may be the smart way to go. Self-filers who use such sites praise their ease, expediency and cost as benefits. But filers with more complicated returns – moved and need to file in multiple states, started their own businesses or had a dramatic change in income or investments – may need some extra...
  • A Perfectly Awful Work Day

    03/05/2015 8:16:54 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | March 5, 2015 | Bob Goldman
    Let's be honest. There are not a lot of perfect people in the world. I can think of only two -- me and you. And, since we're being honest, I'm not so sure about you. If perfect people are as rare as hen's teeth, perfect workdays are as rare as dentures for hen's teeth. If you doubt me, read "This is the Ultimate Routine for a Perfect Work Day," a Harry Bradford article in The Huffington Post. As Bradford points out, it's a rare day when you experience a "monumental event," like "a promotion or a raise, or perhaps your...
  • The Greecification of Spanish Politics

    03/05/2015 8:11:12 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | March 5, 2015 | Mike Shedlock
    There's an excellent post on Keep Talking Greece this evening on the simmering feud between Greek prime minister Alexis Tsipras and Spanish prime minister Minister Mariano Rajoy. Tsipras made a claim that Rajoy's plan is to "wear down, topple or bring our government to unconditional surrender before our work begins to bear fruit and before the Greek example affects other countries
 And mainly before the elections in Spain. ... for obvious political reasons". Spanish foreign minister García Margallo, returned fire with a statement (a lie actually), that “Had Spain not given €32.744 billion to Greece, it could have increased the...
  • GOP introduces bill to block Internet rules

    03/05/2015 8:06:42 AM PST · by GIdget2004 · 43 replies
    The Hill ^ | 03/04/2015 | Mario Trujillo
    Rep. Marsha Blackburn (R-Tenn.) and 19 other Republicans are backing legislation to block the Federal Communications Commission’s new rules on net neutrality. Blackburn's two-page bill, introduced Tuesday, would make sure that the FCC's regulations approved last week would have "no force of effect." It would also restrict the commission from approving any new regulations that are substantially similar, unless Congress first authorized it. The bill's 19 co-sponsors include most of the Republicans on the Energy and Commerce Subcommittee on Communications and Technology, which has jurisdiction over the agency. That includes Rep. Bob Latta (R-Ohio), vice chairman of the subcommittee. "My...
  • Initial jobless claims unexpectedly jump to nine-month high

    03/05/2015 7:31:58 AM PST · by SeekAndFind · 42 replies
    Los Angeles Times ^ | 03/05/2015 | By JIM PUZZANGHERA
    Initial jobless claims unexpectedly jumped to a nine-month high last week, an indication that severe winter weather could be putting a temporary freeze on the labor market's recovery. About 320,000 people filed for first-time unemployment benefits last week, up 7,000 from the previous week, the Labor Department said Thursday. Economists had been expecting claims to fall to 300,000. Claims below that level indicate a strong labor market. Private sector added 212,000 jobs last month, down from January, ADP says Private sector added 212,000 jobs last month, down from January, ADP says In another read on the jobs market, planned layoffs...
  • Ringling Bros. is getting rid of elephants [ 8^( ]

    03/05/2015 6:41:29 AM PST · by Red Badger · 66 replies
    NY POST ^ | 03-05-2015 | By David K. Li
    The nation’s leading big top act – Ringling Bros. and Barnum & Bailey Circus – will phase out elephants by 2018, succumbing to years of pressure from animal rights activists. The Associated Press reported that Ringling Bros. circus’ parent company, Feld Entertainment, will have its stable of 43 pachyderms live out their days at the 200-acre Center for Elephant Conservation in central Florida.
  • Fears and cheers follow Target's plan to lay off 'several thousand' at headquarters

    03/05/2015 6:17:40 AM PST · by TurboZamboni · 46 replies
    Pioneer Press ^ | 3-5-15 | tom webb
    Some senior buyers are already gone. Vice presidents, too. But for 13,000 other Target Corp. employees in Minnesota, there's fear that the bull's-eye is on their backs. Target jolted the Twin Cities on Tuesday when it said "several thousand" corporate staffers will be laid off in a cost-cutting move. Executives didn't say who, when or where -- although the buzz is the ax will swing freely next week. Since the news broke, reaction to Target's $2 billion cost-savings plan has been split, especially by street. On Wall Street, analysts mostly liked the plan. Target stock touched an all-time high Wednesday...
  • Oakland's $12.25 Minimum Wage Maximizes Children in Poverty

    03/05/2015 5:44:54 AM PST · by SeekAndFind · 8 replies
    American Thinker ^ | 03/05/2015 | Chriss Street
    In the exposĂ©Â â€˜Poor Kids of Silicon Valley,’ a CNN reporter seems shocked to uncover a high level of child poverty in the affluent Bay Area. CNN concludes that after consulting with “economists and experts,” they learned that a minimum wage hike to $10.10 would significantly help end child poverty. But if CNN actually talked to the most impoverished families, they would have learned that raising minimum wage, the way Oakland just did, results in maximizing single young mothers and their children living in poverty. Most Americans’ perception of Silicon Valley jobs is “champagne wishes and caviar dreams.” The hottest tech...
  • First Time Unemployment claims 320k - 295k Exp

    03/05/2015 5:35:23 AM PST · by Perdogg · 1 replies
    Claims 320K, Expected 295K, Last 313K. It's starting to turn— zerohedge (@zerohedge) March 5, 2015
  • Turkey’s Ziraat to launch Islamic bank on anniversary of Ottoman’s Istanbul conquest

    03/05/2015 5:21:25 AM PST · by DeaconBenjamin · 2 replies
    Hürriyet ^ | March/05/2015
    Turkey’s Ziraat Bankasi General Manager Hüseyin Aydin has told reporters that the state-run lender plans to launch its off-shoot, Ziraat Katilim Bankasi, an Islamic participation bank, on May, 29, which is the anniversary of the Ottoman conquest of Istanbul. “The 300 million dollar-equivalent Turkish Lira capital has been provided by the Treasury,” Aydin said March 5 while speaking to reporters in Istanbul on the sidelines of a joint meeting of the Union of Arab Banks (UAB) and the Banks Association of Turkey (TBB), which he personally chairs. The participation bank will open 20 branches this year and will operate as...
  • Lord Rothschild Warns Investors of ‘Most Dangerous Geopolitical Situation Since WWII’

    03/05/2015 5:02:14 AM PST · by HomerBohn · 17 replies
    Tea Party ^ | 3/4/2015 | Obamanomics Staff
    Head of Ł2.3 billion trust says wealth preservation is the key Lord Jacob Rothschild has warned investors that the world is mired in the most dangerous geopolitical situation since World War II. The 78-year-old chairman of RIT Capital Partners, a Ł2.3bn trust, used the organization’s annual report to caution savers that the focus of the firm would be the preservation of shareholders’ capital and not short term gains. Rothschild said that “a geopolitical situation perhaps as dangerous as any we have faced since World War II” has created a “difficult economic background” of which investors should be wary. FAX BLAST...
  • Justice Kennedy Grasps At Straws To Save ObamaCare

    03/05/2015 4:36:47 AM PST · by IBD editorial writer · 29 replies
    Investor's Business Daily ^ | 03/04/2015 | Staff
    Health Reform: If the Supreme Court upholds ObamaCare in King v. Burwell, it will be because Justice Kennedy thinks doing otherwise would cause too much turmoil. But ObamaCare itself has already done that.