Business/Economy (News/Activism)

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  • Red Light Cameras, Government Greed, and the Libertarian Quandary

    12/28/2014 9:36:52 AM PST · by Kaslin · 17 replies
    Townhall.com ^ | December 28, 2014 | Daniel J. Mitchell
    Like the good people of Arizona, I despise speed cameras. But not because I want reckless driving. Instead, my disdain is based on the fact that governments set up cameras where speed limits are preposterously low in order to generate revenue. And I speak from personal experience.Like the good people of Houston, I also despise red-light cameras.But once again, this isn’t because I want jerks racing through red lights and endangering innocent people. Instead, my opposition is based on the fact that greedy governments – operating recklessly – use such cameras as tools to fleece drivers.Holman Jenkins has a column...
  • 2015 Predictions; Investment & Finance Thread - Dec. 28

    12/28/2014 8:22:56 AM PST · by expat_panama · 16 replies
    Weekly investment & finance thread ^ | Dec. 28, 2014 | Freeper Investors
    [click to enlarge] Weird, all our doom'n'gloomers have disappeared! Usually the pundits are warning about the big upcoming market crash but look at what the latest "expert" predictions are for 2015 stock market returns: Outlook 2015: Year Ahead Reports & AnalysisOur 2015 year-end target for the S&P 500 is 2200, putting returns on a more-normal pace of 6%.Barron's CoverOutlook 2015: Stick With the Bull Wall Streets top strategists expect the S&P 500 to rally 10% Markets Wall Street bull: Market will rise another 14% in 2015 Add to this the fact that we're still overdue for ourlonger term...
  • Russia Debt One Grade Above Junk With Downgrades Coming, How Likely is Default?

    12/28/2014 6:24:46 AM PST · by Kaslin · 23 replies
    Townhall.com ^ | December 28, 2014 | Mike Shedlock
    All three rating agencies are expected to downgrade Russia's debt to junk soon and bailouts to Russian banks are on the rise, but how likely is default? The Financial Times reports ... Russia trebled the size of its bailout of troubled lender Trust Bank to Rbs99bn ($1.9bn) on Friday, laying bare the growing financial fallout from its currency crisis and the slump in the price of oil, its main export. The rapidly rising cost makes the rescue of Trust bank, which foundered as the rouble collapsed early last week, the second-largest seen in Russia. It has now consumed a tenth...
  • Obama's Jihad on Women: Women's Salaries Don't Even Cover Gov Spending

    12/28/2014 5:27:07 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | December 28, 2014 | John Ransom
    DoctorRoy wrote: Lets face it. This has nothing to do with Obama. The average American family needs at least two incomes to get by and has for a long time. - Obama's Selfie, Photoshopped LifeDear Comrade Doctor,Let’s face it: Obama’s comments are an absolute indictment of everything liberals like you stand for. In the name of “fairness” all families get to raise their kids with absentee parents, where early childhood babysitting is disguised as a head start in “education”; where the government cares only that we produce tax revenues so that they can continue to help us, so that we...
  • Immigration Remakes and Sustains New York, Report Finds (2013)

    12/28/2014 4:18:01 AM PST · by dennisw · 10 replies
    The New York Times ^ | December 18, 2013 | Ozier Muhammad
    Now numbering about 3.1 million a record high the citys immigrant population, about 37 percent of the overall population of 8.2 million New Yorkers, is more kaleidoscopic than ever, in large part a result of the passage of 1965 immigration legislation that allowed more people to come from Africa, Asia, the Caribbean and Latin America. In a city that once had a population of predominantly European origin, there is now no dominant racial, ethnic or nationality group. Xian Hua Li, was among a group of immigrants granted American citizenship on Wednesday. He is part of the surging population...
  • The Big Economic Unknowns of 2015, From Unemployment to Oil (Regurgitation of fake numbers)

    12/27/2014 12:16:13 PM PST · by E. Pluribus Unum · 8 replies
    New York Slimes ^ | DEC. 27, 2014 | JUSTIN WOLFERS
    I wish I knew where the economy will be heading next year. If I did, I might become rich. But, alas, I dont and even if we dont always acknowledge it, no economists do. The unemployment rate stands at 5.8 percent. If it continues on its current trajectory, it will have fallen an additional half a percentage point by mid-2015, putting it at a level that some economists see as effectively full employment.
  • Its ending purposeless, perpetual, global warfare, stupid

    12/27/2014 8:29:24 PM PST · by Tolerance Sucks Rocks · 21 replies
    The Washington Times ^ | December 26, 2014 | Bruce Fein
    Its ending purposeless, perpetual, global warfare, stupid. Republican presidential contenders for 2016 should embrace that campaign theme to demolish the ultra-hawkish Hillary Clinton and her Napoleonic complex. Bill Clintons 1992 campaign theme, Its the economy, stupid, is obsolete. Presidential strategists sermonize that voters are instinctively concerned more about jobs, mortgages, and health care than about national security policy. True enough. But that is because presidential aspirants have failed to discern and to explain the direct connection between, on the one hand, purposeless, perpetual, global warfare and the projection of military force everywhere that has created an exorbitant, inefficient, and corrupt...
  • As Economy Strengthens, Obamas Popularity Is Likely to Rise

    12/27/2014 8:09:48 PM PST · by SeekAndFind · 56 replies
    New York Times ^ | 12/272014 | Brendan Nyhan
    When will the improving American economy translate into higher approval ratings for President Obama? It will take time. But if recent trends continue, Mr. Obamas political standing is likely to strengthen. The economy is turning upward. Job growth is increasing, as The Upshots Neil Irwin has noted, and wage and income growth which have been largely nonexistent for years are likely to pick up. The latest estimate shows G.D.P. grew at a rate of 5 percent in the third quarter, the fastest rate since 2003. The political currents are seemingly running in the opposite direction from the economy,...
  • US Chamber Of Commerce To Push Immigration Reform, Tax Breaks In Congress [Enemy of State?]

    12/27/2014 7:38:41 PM PST · by Steelfish · 27 replies
    FoxNews ^ | December 27, 2014
    US Chamber Of Commerce To Push Immigration Reform, Tax Breaks In Congress December 27, 2014 The U.S. Chamber of Commerce flexed its muscle in the midterm election, winning 14 of 15 Republican primaries in which it was involved and helping the GOP recapture the Senate. Now it wants the Republican majority in Congress to get to work. Chamber Chief Executive Tom Donohue said in an interview that the GOP has two years to enact a vigorous program aimed at meeting the needs of the American people or risk losing their majority. The Chamber wants Congress to act on business priorities...
  • Nevermind U.S. shale, Saudi Arabias oil power play targets Irans economy

    12/27/2014 6:40:43 PM PST · by Red Steel · 19 replies
    Financial Post ^ | Updated: Dec 27 7:00 AM ET | Diane Francis
    All politics are local, except for oil politics. The Russians think these low oil prices are an American-Saudi conspiracy. American commentators believe that the Saudis have driven down prices to punish North Dakotas shale oil revolution and drive its high-cost producers out of the game. In Canada, the paranoia in Calgary is that the Saudis and other Gulf oil producers want to drive the oil sands out of business. But what are the Saudis up to and are they powerful enough to control prices? This week the Saudi minister blamed low prices on oversupply from North America. But that is...
  • Russia's crisis has no end in sight as $50 oil looms, says OECD

    12/27/2014 4:16:00 PM PST · by E. Pluribus Unum · 12 replies
    The Telegraph ^ | 12/27/14 | Szu Ping Chan
    There is no end in sight for Russias economic crisis, as crippling sanctions and tumbling oil prices leave the country staring into an abyss, the Organisation for Economic Co-operation and Development has warned. Catherine Mann, the OECDs chief economist, said Russia was moving closer to shutting itself off from the rest of the world, while the Wests sanctions against Moscow over its annexation of Crimea in Ukraine had left no end in sight for the countrys woes.
  • Russia's Economic Crisis: Can Putin Be Saved By His Own Propaganda?

    12/27/2014 12:49:47 PM PST · by E. Pluribus Unum · 13 replies
    NBC News ^ | 12/27/14 | Jim Maceda
    Runs on the bank. Hyperinflation. A plummeting ruble. It sounds like today's Russia, but these were also the symptoms of its last economic meltdown, in 1998. That would eventually force Russian President Boris Yeltsin out of power, and put an awkwardly shy and relatively unknown KGB official named Vladimir Putin in his place. No one believed Putin would survive more than a few months in the Kremlin. But 'Putinism' - a mix of authoritarian rule and economic prosperity based almost entirely on vast oil and natural gas reserves - has kept its namesake in power for the past 15 years....
  • The Biggest Surprises of the Year

    12/27/2014 12:17:02 PM PST · by Kaslin · 3 replies
    Townhall.com ^ | December 27, 2014 | Doug Fabian
    Every year has its surprises, and 2014 definitely is no exception.This year brought about what I call the “big four surprises.” I call them that because A) each was truly a big development that influenced the entire global market, and B) because nearly all of these were completely unexpected.The big four surprises are the following:1) Lower interest rates. At the beginning of the year there was near-consensus opinion from market observers that interest rates were going higher. The Fed was going to end quantitative easing (QE), and possibly even raise the Fed funds rate. Those two factors, along with a...
  • Wise Words on Regulation and Consumer Freedom from Milton Friedman

    12/27/2014 8:45:54 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | December 27, 2014 | Daniel J. Mitchell
    Its time to correct a sin of omission.In five-plus years of blogging, I havent given nearly enough attention to the wisdom of the late (and great) Milton Friedman.Yes, I did say he was at the top of my list of great economists in a 2010 interview, and Ive cited what he said about the correct goal of fiscal policy being smaller government rather than fiscal balance.Moreover, Ive quoted him many times (here, here, here, here, here, and here) to help explain why higher taxes simply lead to more government spending rather than deficit reduction.But Ive never once shared an interview...
  • Be a Rock Star... Start Hating Big Government

    12/27/2014 6:31:50 AM PST · by Kaslin · 13 replies
    Townhall.com ^ | December 27, 2014 | Michael Schaus
    The self-proclaimed “Robin Hood of Rock” is beginning to sound a little more like Grover Norquist than a traditional pop-culture leftist. The U2 frontman, Bono, recently praised Ireland’s extraordinarily low tax rate, while claiming that the move has brought unparalleled prosperity to the Emerald Isle. According to the UK Independent, Bono boasted about the tax-policy’s ability to bring wealth to Ireland for the first time in centuries:“We are a tiny little country, we don’t have scale, and our version of scale is to be innovative and to be clever, and tax competitiveness has brought our country the only prosperity we’ve known.”He even...
  • Mistrust of Banks Take Over in Russia

    12/27/2014 6:06:20 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | December 27, 2014 | Mike Shedlock
    In Russia, the overnight lending rates between banks has soared to 19%, a sign of widespread and warranted mistrust between banks, as one bank has failed. To stabilize the situation, Putin is considering bank deposit insurance up to an amount equivalent rate of about $26,000. Meanwhile, and although Russia is still burning through currency reserves, the value of the Ruble has been rising. CNN Money reports Russia Empties the Vault to Prop Up Ruble. So far this year the central bank has burned through more than $110 billion in foreign currency supplies. That's more than a quarter of what it...
  • New 'illusion coating' hides objects from detection

    12/27/2014 5:53:02 AM PST · by shove_it · 29 replies
    BusinessStandard ^ | 21 Dec 2014
    Researchers have developed a new 'illusion coating' that could hide things by making them look like something else or even completely disappear. "Previous attempts at cloaking using a single meta-surface layer were restricted to very small-sized objects," said Zhi Hao Jiang, postdoctoral fellow in electrical engineering, Pennsylvania State University. Jiang and Douglas H Werner developed a meta-material coating with a negligible thickness that allows coated objects to function normally while appearing as something other than what they really are, or even completely disappearing. The researchers employ what they call "illusion coatings," coatings made up of a thin flexible substrate with...
  • You Ain't Seen Nothing Yet

    12/27/2014 5:36:48 AM PST · by Kaslin · 47 replies
    Townhall.com ^ | December 27, 2014 | Charles Payne
    Could we be entering into a golden period where inflation is not only not an issue, but prices are falling in so many key areas of day to day life that it amplifies income even though wages aren't rising?The short answer is yes, and it's what the Fed has been working toward for years. The other question is has this reward been worth the risk?That answer remains to be seen. Critics, including myself, frown upon the way money printing makes the dollar weak and eventually leads to major inflation. But, today the dollar is strong and prices are in free...
  • Comrades Get to Torture Ransom

    12/27/2014 3:36:07 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | December 26, 2014 | John Ransom
    I have selfish reasons to do the Ice Bucket Challenge this year.To get the basement dwellers up to speed: The Ice Bucket Challenge is where a person has an ice bucket with water dumped over his head to benefit the ALS Association. In my case, I will make a donation over $100 to ALSA, and ask others I challenge to make any donation whatever or get the bucket dumped oj them… or better yet, take the bucket, make a donation and challenge others to do the same.I also give a chance to comrades to torture me with this modified version...
  • H&R Block, Your Taxes, and ObamaCare

    12/27/2014 12:16:15 AM PST · by upchuck · 37 replies
    American Thinker ^ | 12/27/2014 | Jon Hall
    On December 9, business reporter Mark Davis posted an article up on the website of the Kansas City Star headlined About 25 percent of H&R Block customers will confront the Affordable Care Act; the next day it appeared in the wood pulp version of the newspaper. Davis reported on a meeting in New York where H&R Block, the worlds largest tax services provider, told investors that it sees the potential for significant growth in business thanks to the health care reform commonly called Obamacare. Inasmuch as Block bases customer bills on the complexity of their returns, such as how many...
  • Kilmer calls for swift renewal of Secure Rural Schools program ( WA and across the West )

    12/26/2014 4:35:35 PM PST · by george76 · 8 replies
    kbkw ^ | December 19, 2014
    Representative Derek Kilmer (D-WA) called on Congressional leaders to reauthorize a program that provides key support to rural communities. Representatives Kilmer, Chris Stewart (R-UT), Jared Huffman (D-CA), and Doug LaMalfa (R-CA) led a letter urging the swift renewal of Secure Rural Schools (SRS) to help counties with national forests. Since national forest land cannot be taxed by counties or states, for more than 100 years the Forest Service has shared revenues from timber harvests on federal lands with the nearby communities. In the letter to House Speaker John Boehner and Minority Leader Nancy Pelosi the members pointed out that SRS...
  • Panama Canal claims $737 million in cost overruns

    12/26/2014 3:41:58 PM PST · by george76 · 22 replies
    AFP ^ | 27 December 2014
    The consortium building the third set of locks for the Panama Canal is making fresh claims for cost overruns totaling $737 million ... Work began in 2007 to expand the canal with a third set of locks to enable it to handle the modern mega-freighters that global shipping companies prefer. But the $5.25 billion project has been plagued by delays, strikes and a bitter dispute over $1.6 billion in cost overruns with the consortium carrying out the upgrade, led by Spanish construction firm Sacyr. Initially scheduled for completion in 2014, the project's due date has been pushed back to early...
  • Regulators Explain Too Big to Fail Decision on MetLife

    12/26/2014 3:19:06 PM PST · by Lorianne · 24 replies
    NYT ^ | 19 December 2014 | Mary Williams Walsh
    A panel of regulators said on Friday that MetLife required heightened scrutiny by the Federal Reserve because of its size, leverage and interconnectedness with other financial institutions. Material financial distress at MetLife could have significant adverse effects on a broad range of financial firms and financial markets, the Financial Stability Oversight Council said in a 31-page statement explaining why it had voted 9 to 1 on Thursday to designate MetLife a systemically important financial institution, or SIFI. In such a situation, the market disruption could be severe enough to inflict significant damage on the economy, the council found. The council,...
  • Bill aims to get inspectors out of home kitchens

    12/26/2014 12:05:20 PM PST · by Tolerance Sucks Rocks · 46 replies
    Watchdog.org ^ | December 26, 2014 | Kenric Ward
    BLAND, Va. Virginians who try to sell homemade food from their kitchens are feeling the heat from state and local inspectors.I have to turn down my neighbors when they ask if they can buy pesto I make from my own basil plants, says Bernadette Barber, a farmer in Lancaster, Va.And this isnt just a rural phenomenon.In Arlington, government inspectors shut down a home-based soup maker, even though no customer complaints had been registered. Others have encountered similar fates, stripping them of needed income.Legislation served up for the 2015 General Assembly would turn the tables.HB 1290, sponsored by Delegate Rob...
  • Florida Becomes 3rd Largest State Following California and Texas, New York Drops to 4th;

    12/26/2014 10:35:03 AM PST · by Kaslin · 61 replies
    Townhall.com ^ | December 26, 2014 | Mike Shedlock
    The US census bureau reports Florida Passes New York to Become the Nations Third Most Populous State I added the dashed red line to show the stagnation in Illinois. The Bureau Reports .... By adding an average of 803 new residents each day between July 1, 2013 and July 1, 2014, Florida passed New York to become the nations third most populous state, according to U.S. Census Bureau state population estimates released today. Floridas population grew by 293,000 over this period, reaching 19.9 million. The population of New York increased by 51,000 to 19.7 million. California remained the nations most...
  • Apple And Samsung: Heres What Happens When The Money Begins To Run Out

    12/26/2014 10:19:05 AM PST · by Star Traveler · 133 replies
    PixoBebo ^ | Friday, December 26, 2014 | Kate MacKenzie
    You knew this had to happen. While Samsung and other Android smartphone vendors bask in the glory of marketshare vs. Apples iPhone and iPad, its Apple that walks away with most of the profits. Without profits, tech companies have to tighten their belts, cut back on R&D (research and development), close stores, and reduce the product line. Guess which high profile tech company is doing all that? If you guessed Apple, youd be so far off the mark that youre probably in need of public assistance for watching too much Faux News and reading Business Insider. Its not Apple. Its...
  • Merry Christmas for Folks Who Like to Laugh

    12/26/2014 10:15:18 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | December 26, 2014 | Daniel J. Mitchell
    Yesterday, as part of a column about the burden of regulation, I shared a couple of Christmas-themed videos, as well as a tragic story of Santa Claus getting arrested by the IRS. During previous Christmas seasons, there’s been other topical humor. This video showing how the North Pole would function if Obama had control.Another video, this one featuring Santa Claus griping about government red tape.The perfect present if you have any Timmy Geithner fans in your family.Cartoons showing what would happen if Obama replaced Santa Claus. There’s more, but let’s focus on augmenting our list with some new cartoons.Here’s Robert...
  • Affordable Care Acts Tax Effects Now Loom for Filers

    12/26/2014 8:39:15 AM PST · by Theoria · 35 replies
    The New York Times ^ | 25 Dec 2014 | Tara Siegel Bernard
    If you decided to skip health insurance this year, consider this: Unless you can prove you have a valid excuse, you will be liable for a penalty during the coming tax season and the time to start making your case is now. Thats not all. People who bought subsidized insurance through one of the marketplaces may have new tax forms to complete, while paying the penalty itself may demand some serious number-crunching. The Internal Revenue Service is gearing up to answer questions, but it warns that only half of the callers may get through and those who succeed...
  • Florida Leaves New York Behind in Its Rear-View Mirror

    12/26/2014 6:33:56 AM PST · by SeekAndFind · 58 replies
    National Review ^ | 12/26/2014 | John Fund
    Its official. Florida is the nations third-largest state with 19.7 million people. It surpassed New York this month by adding an average of 803 new residents every day as opposed to New Yorks 140. Contrary to the stereotype, sun-seeking seniors arent the main drivers of Floridas population growth. James Johnson, a business professor at the University of North Carolina, told the AP that Floridas powerful economic engine is driving its growth: I think its going to be for the 21st century what California or New York was for the 20th century. As the James Madison Institute reports, Floridas growth is...
  • Dow 18,000: Have Stocks Come Too Far Too Fast?

    12/26/2014 6:30:13 AM PST · by SeekAndFind · 22 replies
    Fiscal Times ^ | 12/26/2014 | By Anthony Mirhaydari
    Thhe Dow Jones Industrial Average topped the 18,000 level for the first time ever on Tuesday. That's quite a feat, made all the more impressive by the way it happened, coming out of the early December weakness. Up for five days in a row, the Dow has surged 1,000 points in just one week. Historically, December is the best single month of the year for large-cap stocks Santa Claus rallies and all that good cheer. And the market has been demonstrating some remarkable consistency lately, with the S&P 500 rising for 29 consecutive days coming out of the October...
  • Critics hate 'The Interview'

    12/26/2014 3:53:33 AM PST · by Las Vegas Dave · 69 replies
    thehill.com ^ | 12/25/14 | Ian Swanson
    Movie critics say the controversy surrounding The Interview is much more interesting than the movie itself The movie is scoring just a 50 percent positive review from critics on the Rotten Tomatoes website. Its fairing even more poorly with top critics, who give it a measly 32 percent positive rating. The film is doing better with regular fans, however. It gets a 73 percent liked it audience score from Rotten Tomatoes. Critics say the satire about a television host and producer asked by the CIA to assassinate North Korean leader Kim Jung-un doesnt deliver the goods.
  • Everything Is Awesome! Well, not everything. But Americas looking much better than you think.

    12/25/2014 8:57:19 PM PST · by 2ndDivisionVet · 67 replies
    Politico Magazine ^ | December 24, 2014 | Michael Grunwald
    ood news! The U.S. economy grew at a rollicking 5 percent rate in the third quarter. Oh, and it added 320,000 jobs in November, the best of its unprecedented 57 straight months of private-sector employment growth. Just in time for Christmas, the Dow just hit an all-time high and the uninsured rate is approaching an all-time low. Consumer confidence is soaring, inflation is low, gas prices are plunging, and the budget deficit is shrinking. You no longer hear much about the Ebola crisis that dominated the headlines in the fall, much less the border crisis that dominated the headlines over...
  • UPDATE 3-Saudis to keep spending heavily in 2015 budget, shrug off oil plunge

    12/25/2014 7:28:56 PM PST · by TigerLikesRooster · 13 replies
    Reuters ^ | Dec 25, 2014 | Andrew Torchia
    UPDATE 3-Saudis to keep spending heavily in 2015 budget, shrug off oil plunge Thu Dec 25, 2014 10:14am EST * Figures suggest Saudis could cope with years of cheap oil * State spending to edge up 0.6 pct from 2014 plan * Big economic development projects to continue * Budget slashes revenue projection by 16 pct * $39 bln deficit to be covered by fiscal reserves (Adds comments by finance minister, stock market reaction) By Andrew Torchia DUBAI, Dec 25 (Reuters) - Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with...
  • Unions to Recruit Immigrants Covered by Obama Amnesty

    12/25/2014 5:43:59 PM PST · by E. Pluribus Unum · 34 replies
    Newsmax.com ^ | December 25, 2014 | Sean Piccoli
    Labor unions are eyeing an estimated four million immigrants who entered the United States illegally as a prize pool of new recruits for their struggling movement, now that President Barack Obama has used an executive decree of amnesty to shield the migrants from being deported, Fox News reports.
  • Snow globe caused charity shop fire

    12/25/2014 3:50:34 PM PST · by DeaconBenjamin · 10 replies
    belfast telegraph ^ | 25 December 2014
    The sun's rays ignited fake reindeer food and snow on display in the window of the shop in Bournemouth, Dorset. Firefighters from Dorset Fire Service attended the incident at the shop in Wimborne Road, Winton, at around 11.30am. Occupants of neighbouring properties were advised to evacuate and firefighters put the flames out within 10 minutes of arriving on the scene. A fire service spokesman said: "At the risk of sounding like a Christmas tale, the cause of the fire was believed to be sun refracting through a snow globe in the shop window which then ignited 'reindeer food' and fake...
  • National Review Online SR-71 Blackbird slide show

    12/25/2014 2:55:39 PM PST · by rktman · 65 replies
    nationalreview.com ^ | 12/23/2014 | unknown
    This month marks the 50th anniversary of the first flight of the SR-71 Blackbird, the Air Forces sleek, high-flying Cold War reconnaissance workhorse that still holds several world air-speed records. Heres a look back at the amazing aircraft.
  • Gas price plunge threatens fuel-cell and electric cars

    12/25/2014 12:23:13 PM PST · by NormsRevenge · 72 replies
    SFGate.com ^ | 12/25/14 | David R. Baker
    ehicles, as did concern about global warming. But now gasoline prices have plunged to their lowest level since the Great Recession, averaging $2.50 nationwide for a gallon of regular. If gas prices stay low granted, a very big if one of the most powerful arguments for alternative fuel cars will be wiped out. You have an early-adopter group thats much more interested in these vehicles as a way of doing something 'green, and the cost of fuel is not going to be a big factor for them, said John ODell, a senior editor at the Edmunds.com auto information...
  • PlayStation Network And Xbox Live Are Down <Truncated>

    12/25/2014 11:47:04 AM PST · by Sawdring · 51 replies
    Business Insider ^ | 12/25/2014 | Dave Smith
    Hackers don't take a holiday, it seems. Hours after Microsofts Xbox Live went down Wednesday, Sonys PlayStation Network went down, too. These are two giant networks that console gamers access to play their games online. It's especially bad timing since a lot of people are probably getting new PlayStations and Xboxes for Christmas.
  • Unions launch recruiting push for immigrants protected by Obama actions

    12/25/2014 10:44:38 AM PST · by Regulator · 41 replies
    Foxnews.com ^ | 12/24/14 | FoxNews
    America's struggling labor unions got a gift this year when President Obama announced his expansive executive actions on immigration: potentially thousands, if not millions, of new members. Labor leaders reportedly are launching a new recruiting push by reaching out to those immigrants affected by Obama's immigration announcement last month. The actions are expected to offer work permits to some 4 million immigrants who entered the U.S. illegally and, until now, were reluctant to join unions for fear of retaliation. Union leaders now say the president's actions give them new protections -- and are keen on signing them up.
  • High GDP Numbers for Q3? We Can Thank Obamacare and Forced Consumer Spending

    12/25/2014 7:39:51 AM PST · by Son House · 25 replies
    Examiner.com ^ | December 23, 2014 | Kenneth Schortgen Jr
    The revision which helped create last quarters incredible growth was the forced mandatory costs incurred by the American people from the Affordable Care Act (Obamacare), which accounted for two-thirds of the entire boost in consumer spending. Consumer spending, as opposed to the recording of revenues from actual production and industry which used to be the primary components of economic growth in America, on average accounts for more than 70% of the entire Gross Domestic Product. And if you took out payments made by the American people towards mandatory government healthcare, GDP may have been in negative growth for last quarter,...
  • Obama Administration Tweaked the GDP Data [No, they wouldn't do that, would they?]

    12/25/2014 6:38:57 AM PST · by upchuck · 35 replies
    American Thinker ^ | Dec 25, 2014 | Howard Richman
    On December 23, the Bureau of Economic Analysis (BEA) of the Commerce Department issued its latest revision of U.S. economic growth for the third quarter period (July through September). According to the BEA, the U.S. economy grew at a 5.0% annual rate during that quarter. Unfortunately, the once honorable Bureau of Economic Analysis of the Census Bureau tweaked the quarterly GDP numbers in order to achieve the 5% growth rate. This tweaking was predicted by Tyler Durden ofzerohedge.com.When Durden analyzed the final revision for the first quarter back on June 25 (Here's the reason for the total collapse in Q1...
  • California regulator assails Obamacare cancellations

    12/25/2014 3:52:05 AM PST · by Cincinatus' Wife · 24 replies
    Los Angeles Times ^ | December 24, 2014 | Chad Terhune
    California's health exchange is violating the law by canceling private coverage for up to 95,000 people because they might qualify for Medi-Cal, the state's insurance commissioner says. At issue is health insurance for some of the poorest Californians whose incomes aren't high enough to even qualify for subsidized policies in the Covered California exchange. The state marketplace is notifying thousands of policyholders that their federal premium subsidies for Obamacare coverage will end Dec. 31 and their private health plan won't be renewed starting in January. Instead, these people will be put into Medi-Cal, the state's Medicaid program for low-income residents....
  • Merry Christmas from Texas to the World

    12/25/2014 12:24:13 AM PST · by Cincinatus' Wife · 26 replies
    The Hill ^ | December 25, 2014 | Ben Voth
    Texas has blessed the world with an incredible Christmas gift: plummeting oil prices. Both the production and the technology of fracking were substantially innovated and pioneered in the Lone Star state. The ramifications here at home and abroad are profound and incredible example of how innovation, property rights,and economic freedom trump the ugly agendas of statism. The gift of Texas oil is a gift that keeps on giving and stands in contrast to the lumps of coal dished out by the Federal government:...Gift 1:A true economic stimulus. The drop in oil prices from over $100 a barrel to less than...
  • Chinese Gold Diggers Drop Their Shovels As Gold Miner Bankruptcies Begin

    12/24/2014 5:04:32 PM PST · by OneLoyalAmerican · 22 replies
    ZeroHedge ^ | 12/24/2014 | Tyler Durden
    For those wondering where US shale exploration and production companies will be in about 2-3 years, look no further than the gold miners, where the disconnect between undaunted physical demand and relentless paper supply (after rebounding above 0%, GOFO is once again negative through the 3 month mark), and where high production costs and low selling prices, after two years of balance sheet pain, is finally leading many over the cliff. Case in point, Canadian gold-miner San Gold, which had a capitalization of over $1 billion in 2010 just filed for bankruptcy protection. It isn't the first gold-miner to wave...
  • Holiday Humor about the Silliness (and Menace) of Gun Control

    12/24/2014 4:45:26 PM PST · by Kaslin · 8 replies
    Townhall.com ^ | December 24, 2014 | Daniel J. Mitchell
    When I want to make serious points about why gun control is misguided, Ill often cite the scholarly work of John Lott or the expert analysis of Larry Correia.There are also two pro-2nd Amendment columns (here and here) from self-confessed leftists that also make very persuasive reading.And lets not forget the Constitution protects our right to keep and bear arms (at least for those who still think that document means anything).But I confess that I mostly like using satire and mockery when criticizing gun control. And Im pleased to report that a friend sent me some very good new material.So,...
  • JetBlue offers to fly police to NYPD funeral

    12/24/2014 4:14:17 PM PST · by 2ndDivisionVet · 20 replies
    CNN Money ^ | December 24, 2014 | Ben Rooney
    JetBlue (JBLU) is offering to fly two police officers from each department on its route around the country to New York for the funerals of two NYPD officers killed last weekend. The New York-based airline is also working with its partners to have family members of one of the slain officers, Wenjian Liu, flown in from overseas. Liu and a second NYPD officer, Rafael Ramos, were sitting in their patrol car when they were shot and killed by Ismaaiyl Brinsley, a Georgia man with a long criminal record. Ramos's funeral is being held on Dec. 27, whereas Liu's funeral hasn't...
  • Sony streams 'The Interview' online and makes Hollywood history (1 PM Eastern Time $6 bucks)

    12/24/2014 3:15:50 PM PST · by Dallas59 · 41 replies
    CNN ^ | 12/24/2014 | CNN
    A bit of Hollywood history unfolded on Wednesday. And it might be a glimpse into the future. The controversial Sony Pictures comedy "The Interview" was released on YouTube, Google Play, the Microsoft Xbox video game console, and a special Web site. The movie, which started streaming online around 1 p.m. ET, costs $5.99 to rent and $14.99 to buy. So it is having historic simultaneous release in both living rooms and, come Christmas Day, about 300 independently-owned theaters across the United States.
  • Government Offers Bounty on Terrorist We Already Paid For

    12/24/2014 12:44:47 PM PST · by Kaslin · 9 replies
    Townhall.com ^ | December 23, 2014 | John Ransom
    The U.S. is now looking for a GITMO detainee released by the Bush administration who supposedly went through sensitivity training under the auspices of the Saudis Terror-to-Teachers program. The Saudi national is now head of Al Qaeda in the Arabian peninsula. Now we learn that the U.S. government is secretly admitting that it erred in at least one case the release of a Saudi national named Ibrahim al-Rubaysh, reports our friends over at Judicial Watch, who first reported the government snafu. In late 2006 the Bush administration repatriated him back home under a Saudi Arabian rehabilitation program that supposedly reformed...
  • Wishing You and Yours a Very Merry Christmas (Sen. Frank Lasee, WI)

    12/24/2014 11:58:04 AM PST · by afraidfortherepublic · 4 replies
    Lasee's Notes ^ | 12-24-14 | Frank Lasee
    Oh! But he was a tight-fisted hand at the grindstone, Scrooge! A squeezing, wrenching, grasping, scraping, clutching, covetous old sinner! - Charles Dickens, A Christmas Carol The Ghost of Legislative Sessions Past: Wisconsin was in bad shape in 2009. With rising unemployment and a staggering decline in state revenues, experts advised us to brace for the worst. Wisconsin lost nearly 120,000 jobs that year and the state unemployment rate hit a 27-year high of 9.4%. Business morale was down and families were feeling the pinch. Democratic out of control spending by the Democrats and dubious budget accounting practices by the...
  • Experts: FCC will adopt net neutrality rules in early 2015

    12/24/2014 11:29:08 AM PST · by dware · 19 replies
    PCWorld ^ | 12.24.2014 | Grant Gross
    The U.S. Federal Communications Commission will adopt net neutrality rules in early 2015, maybe as soon as February, several observers believe, but few people want to predict what those rules will look like.