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Business/Economy (News/Activism)

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  • Chrysler Bankruptcy Still Affecting Economy

    04/21/2014 6:12:32 AM PDT · by LucianOfSamasota · 3 replies
    The Foundry ^ | 19 April, 2014 | Curtis Dubay
    This month marks the fifth anniversary of the Chrysler bankruptcy. President Obama will doubtless mark the occasion by talking about how his intervention saved the auto company. More noteworthy, however, is how the lawlessness of that intervention created tremendous uncertainty, which still chills the economy today. Todd Zywicki has written an excellent summary of President Obama’s actions in the Chrysler bailout. A shorter version goes like this. Starting under President Bush and continuing under President Obama, the federal government used TARP funds to keep Chrysler afloat. This gave the government effective control over Chrysler. As a result, the Obama administration...
  • UAW withdraws appeal of Volkswagen union vote

    04/21/2014 6:07:49 AM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Apr 21, 2014 9:03 AM EDT | Erik Schelzig
    The United Auto Workers announced Monday it is withdrawing an appeal of the outcome of a union vote at Volkswagen’s assembly plant in Tennessee. In a statement released one hour before the scheduled start of a National Labor Relations Board hearing in Chattanooga, Tenn., UAW President Bob King said the union decided to put the “tainted election in the rearview mirror” because the challenge could have taken months or even years to come to a conclusion. …
  • Man seizing bank in Belgorod detained

    04/21/2014 5:52:14 AM PDT · by goldstategop
    Itar-Tass ^ | 04/21/2014 | Itar-Tass
    MOSCOW, April 21. /ITAR-TASS/. The man who earlier on Monday seized a subsidiary of Bank Zapadny in Belgorod, a city located 700 kilometers south of Moscow, has been detained, according to the press service of Russia's Interior Ministry. The man will get back his 23 million rubles (about $639,000) from his bank account, head of regional police headquarters Viktor Pesterev has told ITAR-TASS. The man has been detained, the press center of the Russian Interior Ministry reports. Pesterev, who conducted negotiations with the man, explained that he had tried to withdraw his money on Sunday, but could not do so...
  • Economists expect US to shake off winter slowdown

    04/21/2014 5:36:21 AM PDT · by SoFloFreeper · 7 replies
    cnbc ^ | 4/21/14 | John W Schoen
    This winter's brutal weather took a toll...according to a survey of economists....But the group expects business to pick up again....
  • 9 Dead, 26 Injured and 50 Foot Puppets in Chicago Easter Crime Wave

    04/21/2014 5:06:12 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | April 21, 2014 | John Ransom
    Amidst ongoing corruption trials, a scandal involving top cops who've been changing crime statistics to show crime going down when it’s not, and an economy reeling from the twin salvos of runaway tax increases, and a public pension mess, Chicago has come up with a solution to their economic woes and maybe to their crime fighting woes as well. The city is going to fund giant street performing puppets, some as high as 50 feet tall, for merely millions of dollars. Yes, apparently the performing puppets that they have at City Hall, at police headquarters and crawling all over...
  • Iconic South Beach David’s Cafe To Close Sunday [2 locations victims of Obamanomics]

    04/21/2014 4:46:58 AM PDT · by SoFloFreeper · 6 replies
    CBS MIAMI ^ | 4/20/14
    Less than two years after closing its Lincoln Road location, David’s Cafe on Collins Avenue stopped brewing Cuban cafecito for good. The South Beach staple closed its doors for the final time at 8:00 p.m. on Sunday, April 20th.
  • High court to hear dispute about TV over Internet

    04/21/2014 4:04:35 AM PDT · by don-o · 8 replies
    AP via Kingsport Times News ^ | Aptil 21, 2014 | MARK SHERMAN
    WASHINGTON (AP) — Thirty years after failing to convince the Supreme Court of the threat posed by home video recordings, big media companies are back and now trying to rein in another technological innovation they say threatens their financial well-being. The battle has moved out of viewers' living rooms, where Americans once marveled at their ability to pop a cassette into a recorder and capture their favorite programs or the sporting event they wouldn't be home to see. Now the entertainment conglomerates that own U.S. television networks are waging a legal fight, culminating in Tuesday's Supreme Court argument against a...
  • Germany should make use of shale gas: EU

    04/21/2014 3:08:00 AM PDT · by Olog-hai
    TheLocal.de ^ | 20 Apr 2014 10:34 GMT+02:00 | (AFP)
    EU energy commissioner Günther Oettinger has urged Germany to make use of shale gas options and added that the he saw no danger of Europe’s access to Russian gas falling victim to possible economic sanctions in the standoff over Ukraine. […] “I am against scaling back or even cutting our gas links with Russia in the coming years,” the commissioner said. “But we must pursue our strategy of diversification. […] I would also urgently press Germany to make use of the shale gas option and allow fracking projects.” …
  • Winter's Coming. And, Boy How We're Going to Wish We Still Had That Luxury Global Warming 'Problem'!

    04/20/2014 4:12:39 PM PDT · by 2ndDivisionVet · 27 replies
    Breitbart's London ^ | April 20, 2014 | James Delingpole
    Of all the many absurdities of the great climate change non-crisis which has been pointlessly obsessing our planet this last three or four decades, surely the most egregious is the way it has ignored one basic fact: global warming is good. No really, it is. As a few bold heretics - such as Australian geologist Ian Plimer in his book Heaven And Earth - have long been trying to tell anyone prepared to listen, the human species is designed for warmth not cold. Ice ages are something we should naturally fear; warming periods are something which for which we should...
  • Gas Prices Hit 13-Month Highs, Prompt Macro Concerns

    04/20/2014 3:42:10 PM PDT · by Nachum · 70 replies
    zero hedge ^ | 4/20/14 | tyler durden
    At $3.67, US Regular gasoline prices are their highest since March 2013 having risen over 12% (40c) in the last 2 months. This must be great news, right? It must mean world demand is picking up and driving up prices of crude oil as global trade soars (amid a collapsing Baltic Dry and decelerating Chinese growth). This can't be related to "war premia" right? - as we noted here - because stocks (which always know best) have discounted all this tomfoolery. However, as the following chart shows, each time gas prices have surged up toards the Maginot Line of $3.80,...
  • Boxer who sued over his movie depiction

    04/20/2014 2:25:30 PM PDT · by ObamahatesPACoal · 6 replies
    LA Times ^ | September 07, 2008 | Claire Noland
    Joey Giardello, a former middleweight boxing champion who won a decision over Rubin Carter in 1964 and then sued over how the fight was depicted in the 1999 film "The Hurricane," has died. He was 78. Giardello died Thursday of congestive heart failure at a nursing home in Cherry Hill, N.J., the International Boxing Hall of Fame announced.
  • Investment & Finance Thread (Apr. 20 edition)

    04/20/2014 1:14:39 PM PDT · by expat_panama · 12 replies
    Daily investment & finance thread ^ | 04/20/2014 | Freeper Investors
    This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here and tomorrow morning we'll go on with our-- Open invitation continues always for idea-input for the thread, this being a joint effort works well.   Keywords: financial, WallStreet, stockmarket. Here's what others are saying about what's going on-- Gold / Silver / Copper futures - weekly outlook: April 21 - 25 Investing.com - Gold prices ended the week sharply lower on Thursday, falling below the $1,300 level as indications that the U.S. economic recovery is progressing dampened...
  • Cliven Bundy and the Origins of the American Abundance Revolution

    04/20/2014 12:27:04 PM PDT · by 2ndDivisionVet · 31 replies
    Breitbart's Big Government ^ | April 19, 2014 | James P. Pinkerton
    Today, in the year 2064, as we look back over the last 50 years, it might seem as if the Abundance Revolution was inevitable, since so much wealth was involved. After all, it was wealth just waiting to be unleashed. Yet paradoxically, on the eve of the Abundance Revolution, many of America’s leaders, on the right as well as the left, were preaching a strict doctrine of overall austerity. Indeed, as we look back and study the events of 2014, we can see the results of the Green elite’s ideologically-driven effort to squelch even the relatively small amount of prosperity...
  • Spike Lee on the Possibility of Trayvon Martin Film: ‘I Would Like to See It’ (Watch)

    04/20/2014 11:49:50 AM PDT · by 2ndDivisionVet · 42 replies
    EURWeb ^ | April 19, 2014 | PJ
    *Famed film director Spike Lee has expressed his desire to see the Trayvon Martin story told on the big screen. During an interview with theGrio, Lee commended 27-year-old new director Ryan Coogler for bringing his acclaimed independent film, “Fruitvale Station,” the Oscar Grant story, to the big screen. He expressed his admiration for the film while stating that the film business isn’t built in favor of young directors like Coogler to succeed. “Love it…. It’s great,” Lee said of Fruitvale Station. “But it’s something that I have been doing for 15 year [sic]. I teach film. That is my job...
  • Fracking foes cringe as unions back drilling boom

    04/20/2014 10:24:03 AM PDT · by mdittmar · 15 replies
    yahoo ^ | 4/20/2014 | Kevin Begos, Associated Press
    Environmental groups cringe as some trade unions support oil and gas drilling, pipelines PITTSBURGH (AP) -- After early complaints that out-of-state firms got the most jobs, some local construction trade workers and union members in Pennsylvania, Ohio and West Virginia say they're now benefiting in a big way from the Marcellus and Utica Shale oil and gas boom.That vocal support from blue-collar workers complicates efforts by environmentalists to limit the drilling process known as fracking."The shale became a lifesaver and a lifeline for a lot of working families," said Dennis Martire, the mid-Atlantic regional manager for the Laborers' International Union,...
  • Study: Fuels from corn waste not better than gas

    04/20/2014 10:21:49 AM PDT · by NormsRevenge · 20 replies
    Yahoo Finance ^ | 4/20/14 | Dina Cappiello - ap
    <p>WASHINGTON (AP) — Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration's conclusions that they are a much cleaner oil alternative and will help combat climate change.</p>
  • Behind the cornucopia of higher food prices

    04/20/2014 9:50:27 AM PDT · by 2ndDivisionVet · 38 replies
    CNBC ^ | April 19, 2014 | John W. Schoen
    Alert shoppers are accustomed to watching food prices go up and down. But a string of forces—from droughts to diseases—is raising the cost of a trip to the grocery store at a rapid clip. And it looks like it will be a while before the price pressure eases. Some of that pressure is coming from California—the source of roughly half the nation's fruits and vegetables—where a long-running drought is forcing farmers and ranchers to cut production. After the driest year on record, large sections of farmland are expected to lay fallow this year as the Golden State copes with an...
  • Easter morning delivery for space station

    04/20/2014 8:58:39 AM PDT · by BlueDragon · 12 replies
    Fox News ^ | April 20 2014 | Associated Press
    CAPE CANAVERAL, Fla. – Space station astronauts got a special Easter treat: a cargo ship full of supplies. The shipment arrived Sunday morning via a Dragon, versus a bunny. "Gentlemen, the Easter Dragon is knocking at the door," NASA's Mission Control said as the capsule was bolted into place. The SpaceX company's cargo ship, Dragon, spent two days chasing the International Space Station following its launch from Cape Canaveral. Astronauts used a robot arm to capture the capsule 260 miles above Egypt. More than 2 tons of food, spacewalking gear and experiments fill the Dragon, including mating fruit flies, a...
  • Another Amazing Example of Government Stupidity and Political Correctness

    04/20/2014 8:31:25 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | April 20, 2014 | Daniel J. Mitchell
    If you had to pick the most inane, pointless, and intrusive example of government stupidity, what would you pick? We have lots of examples of regulators running amok. Regulations making it difficult for trucking firms to weed out drunk drivers.Year-long sting operations by federal milk police.Rules harassing coffee shops with bikini-clad sales staff.OSHA requirements for expensive safety harnesses for people working 11 feet off the ground. But we also have really absurd examples of wasteful spending. Forcing taxpayers to pay millions of dollars for pro-Obamacare and pro-IRS propaganda.Doing interviews – at a per-person cost of $6,000 – about erectile dysfunction...
  • Pipeline delay gives boost to Obama's political base

    04/20/2014 8:27:32 AM PDT · by Oldeconomybuyer · 28 replies
    Reuters ^ | April 20, 2014 | BY JEFF MASON AND STEVE HOLLAND
    The latest delay to a final decision on the Keystone XL oil pipeline will reinforce a White House strategy to energize President Barack Obama's liberal-leaning base before fall elections in which Democrats risk losing control of the U.S. Senate. Environmentalists, worried about the project's effect on climate change, have put enormous pressure on the president to reject the pipeline from Canada's oil sands, staging demonstrations outside the White House and protests in states where he travels. A decision to approve it now could have prompted that vocal group, which was instrumental in electing Obama in 2008 and 2012, to sit...
  • The One Word Democrats May Not Utter During the Campaign (Nope, it's not "Obamacare")

    04/20/2014 7:21:39 AM PDT · by SeekAndFind · 4 replies
    Pajamas Media ^ | 04/19/2014 | Rick Moran
    The One Word Democrats May Not Utter During the Campaign Posted By Rick Moran On April 19, 2014 @ 11:26 am In Politics | And it’s not “Obamacare.”As important as Obamacare is to the Republicans in the midterm elections, the economy still tops everyone’s list as the number one issue facing the country.Some Democratic political consultants are advising candidates to avoid using the term “recovery” when describing the economy — for obvious reasons. This Fox News poll from January shows that 74% of Americans still think we’re in a recession. Any Democrat uttering the word “recovery” is likely to...
  • Congressional Research Service Confirms Decline in Production on Federal Lands Under Obama

    04/20/2014 7:17:17 AM PDT · by SeekAndFind · 3 replies
    Pajamas Media ^ | 04/20/2014 | Bill Straub
    WASHINGTON – U.S. energy production is on the upswing despite a decline in exploration on public lands that critics claim is slowing the nation’s economic progress. A report released this week from the nonpartisan Congressional Research Service confirmed that crude oil and natural gas production on leased federal lands and water has waned during President Obama’s administration. Oil production declined 6 percent on federal lands from 2009 to 2013, according to the report, while gas production fell 28 percent. Meanwhile, crude oil production soared 61 percent on nonfederal land and gas production grew 33 percent. It is the production increase...
  • GM to invest $12 billion in China and plans more plants

    04/20/2014 6:59:48 AM PDT · by Oldeconomybuyer · 15 replies
    Reuters ^ | April 20, 2014 | by Norihiko Shirouzu
    U.S. car giant General Motors Corp (GM) (GM.N) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it steps up its presence to compete with aggressive rivals in the world's largest auto market. GM plans to build five more plants in China next year, as part of its efforts to ramp up manufacturing capacity there by 65 percent by 2020, executives said on Sunday. The five plants will be in Wuhan, Chongqing, Jinqiao and Shenyang. Four of those will be vehicle assembly plants, while the fifth one will be an engine...
  • Maybe Russians Should Apologize for the 20th Century First

    04/20/2014 4:11:44 AM PDT · by Kaslin · 33 replies
    Townhall.com ^ | April 20, 2014 | John Ransom
    Jim Kress Wrote: There are so many grammatical mistakes in this leaflet [about Jews in Ukraine] that it could fool only non-Russian speaking people about its authenticity. I found few mistakes in one word in the very first sentence. It is unacceptable to ignore the fact of so many grammatical mistakes in the “official document” for a large multiple media publications.Before jumping to emotional conclusions, people have to cool down and realize that their ignorance of another nation’s culture, history, and language should not be used by our government and their lackey media as an excuse to justify the involvement...
  • Expert Commentary: The Unfolding Fiscal Disaster Behind ACA Enrollment Figures

    04/19/2014 10:38:47 PM PDT · by 2ndDivisionVet · 25 replies
    The Mercatus Center at George Mason University ^ | April 17, 2014 | Charles Blahous
    Earlier this month there was tremendous press attention to new data indicating that enrollment in the Affordable Care Act (ACA)’s health insurance exchanges had surpassed 7 million. The White House took a victory lap while much of the press, desperate to write something positive after months of reporting on website glitches and insurance plan cancellations, characterized the milestone as good political news for ACA supporters. Our national discussion, however, is missing the truly significant story here; what is unfolding before our eyes is a colossal fiscal disaster, poised to haunt legislators and taxpayers for decades to come. It is quite...
  • Inquiry checks Davis' work for toll group

    04/19/2014 9:51:38 PM PDT · by Tolerance Sucks Rocks · 9 replies
    The San Angelo Standard-Times ^ | April 18, 2014 | The Associated Press
    AUSTIN — Democratic gubernatorial candidate Wendy Davis’ legal work for a taxpayer-funded tollway agency is part of a larger FBI-led investigation into the tollway group, according to a published report Friday. The Dallas Morning News used a freedom of information request to learn of the investigation, and then confirmed it with Elizabeth Winn, an assistant Travis County attorney. The FBI hasn’t responded to the newspaper’s request for comment. The investigation stems from a conflict of interest complaint filed in 2012 by former state Rep. Mark Shelton, a Republican who ran against Davis for her Fort Worth state senate seat. In...
  • On Second Thought, Maybe HealthCare.gov Is at Risk from Heartbleed

    04/19/2014 9:17:25 PM PDT · by 2ndDivisionVet · 3 replies
    Breitbart's The Conversation ^ | April 19, 2014 | John Hayward
    It seems like only yesterday that the federal government assured us that none of its big public websites - and especially not HealthCare.gov, the ObamaCare exchange site - were at risk from the Heartbleed security flaw, which can allow hackers to steal passwords and personal data. Actually, those assurances came last Friday, April 11, in the form of a blog post from the Department of Homeland Security. "The government's core citizen-facing websites are not exposed to risks from this cybersecurity threat," we were assured by DHS National Cybersecurity and Communications Integration Center director Larry Zelvin, as quoted at Nextgov. One...
  • The Nuclear Option: Wilson and Obama--100 Years Apart but so Alike

    04/19/2014 8:22:59 PM PDT · by 2ndDivisionVet · 4 replies
    Breitbart's Big Government ^ | April 19, 2014 | Charles Hurt
    When Woodrow Wilson signed into law the Revenue Act of 1913, it probably sounded like a good idea. Most people would pay less in taxes and the prices of everyday goods would drop, he promised. And the rich would — finally! — start paying their fair share. In those days, tax collection was a highly diffuse business with various states and localities collecting taxes at various rates. The federal government mostly skidded by on exorbitant and uneven tariffs, and on booze and tobacco taxes. This was always tough and disorganized business for the federal government. Those hardships became especially acute...
  • Shell tells Putin gas project not derailed by Ukraine

    04/19/2014 7:57:00 PM PDT · by PaulCruz2016 · 9 replies
    Russia Today ^ | 04-18-2014 | Staff
    Royal Dutch Shell’s new CEO Ben Van Beurden met with Russian President Vladimir Putin on Friday, signaling Ukraine tension has not affected investment in Russia, and that energy contracts won't be derailed by international politics. Chief executive Van Beurden met with the president at his residence outside of Moscow and reaffirmed the company’s commitment to develop Russia’s only liquefied natural gas (LNG) plant with Gazprom. "We also know that this is going to be a project that will need strong support to succeed. So one of my purposes of meeting with you, Mr. President, is to also secure support for...
  • These 3D Printed Mini Apartments Could Be the Future of Mobile Homes

    04/19/2014 6:59:10 PM PDT · by 2ndDivisionVet · 63 replies
    Complex Art & Design ^ | April 19, 2014 | Kaitlyn Schaeffer
    The 3D printer has been revolutionizing everything from art to medicine to accessories, and its latest foray has been into the field of architecture. Peter Ebner, architect and UCLA professor, tasked his architecture students with a homework assignment for the ages: develop a 3D-printed apartment that’s easy to transport and manage. The class rose to the challenge and then some, constructing mini mobile homes that measure 50 square feet and are equipped with thermal insulation, electricity, water, heating, and sewage systems (which are also 3D printed). The living area comes with a collapsible counter, a foldaway toilet, a pullout bed,...
  • Salvation Gets Cheap

    04/19/2014 6:40:47 PM PDT · by Lorianne · 14 replies
    New York Times ^ | 17 April 2014 | Paul Krugman
    The Intergovernmental Panel on Climate Change, which pools the efforts of scientists around the globe, has begun releasing draft chapters from its latest assessment, and, for the most part, the reading is as grim as you might expect. We are still on the road to catastrophe without major policy changes. But there is one piece of the assessment that is surprisingly, if conditionally, upbeat: Its take on the economics of mitigation. Even as the report calls for drastic action to limit emissions of greenhouse gases, it asserts that the economic impact of such drastic action would be surprisingly small. In...
  • Michelle Obama Should Not Be Paid As First Lady, Says Laura Bush

    04/19/2014 5:22:18 PM PDT · by 2ndDivisionVet · 29 replies
    The Inquisitr News ^ | April 18, 2014
    Michelle Obama should not receive a salary as First Lady according to Laura Bush, who could definitely be said to be an expert on the subject. But these comments happen to stray into the political mine field of income inequality and the gender pay gap. In a related report by The Inquisitr, Michelle Obama’s school lunch portions have been criticized heavily by students who are actually forced to eat her school cafeteria plans. In recent times, Barack and Michelle Obama have spoken about their plans for ending income inequality in America. The White House also came under fire when it...
  • The Hidden Motive Behind Quantitative Easing

    04/19/2014 4:36:32 PM PDT · by BfloGuy · 28 replies
    The Mises Institute ^ | 4/19/2014 | Hunter Lewis
    Foreign individuals and businesses long ago cut back on their purchases of U.S. bonds. Their place was taken by foreign central banks. The central banks simply created money in their own currency and used it to buy our bonds.The Federal Reserve always knew that we couldn’t rely on foreign central banks to buy our bonds forever. This may be the main reason it began the program called quantitative easing, in which the Fed created money out of thin air specifically to buy back U.S. debt.Quantitative easing may have been intended to be a kind of insurance policy. If foreign central...
  • Michele Bachmann Endorses in Florida Special Election

    04/19/2014 3:54:16 PM PDT · by ObamahatesPACoal
    Roll Call ^ | Abby Livingston
    Rep. Michele Bachmann, R-Minn., has endorsed businessman Curt Clawson with days to go in the Republican primary race to replace former Florida Rep. Trey Radel. Clawson’s announcement of the endorsement offered no statement from the retiring congresswoman, but the candidate heaped praise on Bachmann, the founder of the House Tea Party Caucus.
  • Why climate deniers are winning: The twisted psychology that overwhelms scientific consensus

    04/19/2014 2:12:56 PM PDT · by 2ndDivisionVet · 84 replies
    Salon ^ | April 19, 2014 | Paul Rosenberg
    There's a reason why overwhelming evidence hasn't spurred public action against global warming. In the run-up to Earth Day this year, two major reports were released by the UN’s Intergovernmental Panel on Climate Change, the largest such body in the world. On March 31, Working Group II released its report, Climate Change 2014: Impacts, Adaptation, and Vulnerability, and on April 13, Working Group III released its report, Climate Change 2014: Mitigation of Climate Change. Both reports cited substantially more evidence of substantially more global warming and related impacts than past reports have, and they did so more lucidly than in...
  • Petition to alter S.F. laws for Airbnb rentals gains speed

    04/19/2014 1:53:32 PM PDT · by thecodont · 12 replies
    San Francisco Chronicle / SFGate.com ^ | Updated 7:18 am, Saturday, April 19, 2014 | Carolyn Said
    An online petition calling on San Francisco to overhaul laws that allow landlords to evict tenants for hosting on Airbnb has amassed more than 26,000 signatures, fueled by social media and a hand from the giant hospitality website. "People should be made aware that current law is allowing this to happen," said Peter K., a retired educator who started the petition a week ago. Peter asked to withhold his last name because he rents to Airbnb visitors in his San Francisco home and wants to avoid any trouble with city authorities until the law is clarified. The petition was motivated...
  • Detroit Creates eBay for Abandoned Houses

    04/19/2014 1:12:09 PM PDT · by lowbridge · 38 replies
    http://www.frontpagemag.com ^ | april 19, 2014 | daniel greenfield
    “Have you ever thought you’d see the mayor and council working together?,” says the voice on a Detroit radio ad. No, we didn’t. But this ad, set to hit Detroit radio airwaves April 21st features both Mayor Mike Duggan and City Council President Brenda Jones. The ad showcases the website buildingdetroit.org which features 12 city-owned properties in East English Village, each home waiting for an owner as long as they are willing to rehab the property and move in. Mike Duggan: NOT REALLY. THIS IS MIKE DUGGAN AND IT IS A NEW DAY IN DETROIT. INSTEAD OF JUST KNOCKING DOWN...
  • 62 Percent of Americans Say They Favor a Flat Tax

    04/19/2014 11:09:17 AM PDT · by SeekAndFind · 48 replies
    REASON ^ | 04/19/2014 | Emily Ekins
    The latest Reason-Rupe poll asked Americans if they would support or oppose changing the federal tax system to a flat tax, where everyone pays the same percentage of his or her income, finding that 62 percent favor the flat tax and 33 percent are opposed. When asked where they would set the flat tax, the aveage response was 15 percent.This reflects another recent Reason-Rupe poll finding that 67 percent of Americans say it is "not the responsibility of the government to reduce the differences in income between people with high incomes and those with low incomes," while 29 percent...
  • 2013--- The amazing, surprising, Africa-driven demographic future of the Earth, in 9 charts

    04/19/2014 9:55:28 AM PDT · by dennisw · 52 replies
    .washingtonpost. ^ | July 16, 2013 | Max Fisher
    Traffic moves through downtown Lagos, Nigeria. The United Nations Population Division, which tracks demographic data from around the world, has dramatically revised its projections for what will happen in the next 90 years. The new statistics, based on in-depth survey data from sub-Saharan Africa, tell the story of a world poised to change drastically over the next several decades. Most rich countries will shrink and age (with a couple of important exceptions), poorer countries will expand rapidly and, maybe most significant of all, Africa will see a population explosion nearly unprecedented in human history. If these numbers turn out to...
  • Minnesota's wealthy caught in a tight tax net over residency

    04/19/2014 9:19:32 AM PDT · by TurboZamboni · 44 replies
    MPLS Star & Sickle ^ | 4-16-14 | ADAM BELZ
    It’s getting tougher for Minnesotans to avoid the state’s taxes by spending part of the year somewhere else. Snowbirds and high earners are discovering that they must do more than buy a condo in the Sun Belt and register a vehicle there, after a court decision last year reinforced the state’s ability to use any of more than two dozen criteria to determine who is a Minnesota resident. “People refer to it as Hotel Minnesota,” said Matt Shea, a lawyer at Gray Plant Mooty. “You can come any time you like, but you can never leave.” To determine tax residency,...
  • A disgraceful Keystone decision delay

    04/19/2014 6:21:02 AM PDT · by rktman · 13 replies
    AmericanThinker.com ^ | 4/19/2014 | Thomas Lifson
    The Obama administration signaled its shame* over a nakedly political decision to indefinitely delay the Keystone Pipeline by burying the news on Good Friday afternoon. The decision was bought and paid for by wealthy green ideologues and green energy rent-seekers, anxious to cash in on subsidies for solar panels, windmills, and other expensive projects that are guaranteed a positive return by taxpayer money.
  • Idiocy from the Economist on What to Do About Russia

    04/19/2014 6:13:08 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | April 19, 2014 | Mike Shedlock
    In "Insatiable" the Economist says "The cost of stopping the Russian bear now is high—but it will only get higher if the West does nothing". Economist: Mr Putin has used the Ukrainian crisis to establish some dangerous precedents. He has claimed a duty to intervene to protect Russian-speakers wherever they are. He has staged a referendum and annexation, in defiance of Ukrainian law. And he has abrogated a commitment to respect Ukraine’s borders, which Russia signed in 1994 when Ukraine gave up nuclear weapons. Throughout, Mr Putin has shown that truth and the law are whatever happens to suit him...
  • Some Good News on Tax Reform (if You're a Fan of the Flat Tax)

    04/19/2014 5:58:27 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | April 19, 2014 | Daniel J. Mitchell
    I’m ecumenical on tax reform. I’ll support any plan that rips up the internal revenue code and instead lowers tax rates, reduces double taxation, and cuts out distorting loopholes. And as I explain in this interview, both the flat tax and national sales tax have a low tax rate. They also get rid of double taxation and they both wipe out the rat’s nest of deductions, credits, exclusions, preferences, and exemptions. Dan Mitchell Commenting on the Obstacles to Tax Reform for Blaze TV You’ll notice, however, that I wasn’t very optimistic in the interview about the possibility of replacing the...
  • Why Not Arm the Jews In Ukraine?

    04/19/2014 3:32:00 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | April 19, 2014 | John Ransom
    As finger-pointing and accusations tumble out about whether Russian nationalists or Ukrainian nationalist are responsible for flyers in eastern Ukraine demanding that Jews register with local municipalities, the most important thing is being lost in the shuffle. Without Vladimir Putin stirring the embers of Russian nationalism in Crimea and in Ukraine into a flame, it wouldn’t have happened in the first place. "We are skeptical about the flier's authenticity, but the instructions clearly recall the Nazi era and have the effect of intimidating the local Jewish community," U.S.-based Anti-Defamation League Director Abraham Foxman said in a written statement according...
  • Gazprom Buys Kyrgyzgaz for $1 Plus Debt

    04/19/2014 3:07:57 AM PDT · by Olog-hai · 14 replies
    Moscow Times ^ | Apr. 10 2014 15:26
    Russia’s top natural gas producer Gazprom has signed a deal to buy 100 percent of shares of Kyrgyzgaz for $1 and assumed the responsibility to repay $40 million of debt owed by the Kyrgyz gas producer, Itar-Tass reported. Gazprom also pledged to invest no less than 20 billion rubles ($560 million) in the next 5 years in the Central Asian republic’s 700-kilometer gas distribution grid upgrades. …
  • EU lawmakers smooth way for class actions against cartels

    04/19/2014 1:17:25 AM PDT · by Olog-hai · 1 replies
    Reuters ^ | Thu Apr 17, 2014 5:18pm BST | Foo Yun Chee
    European lawmakers on Thursday eased the way for cartel victims to claim compensation from companies under new rules that also shield price-fixing whistleblowers from being the main target of million-euro lawsuits. The green light from the European Parliament came nine years after the European Commission broached the idea, seeing it as an additional tool, on top of fines, to deter companies from breaking antitrust laws. According to the Commission, only one in four cartels and antitrust infringements faced damages claims in the last seven years. Its 2010 estimate put the cost of unrecovered damages of infringements at over €20 billion...
  • Top Socialist Economist Says He’s Been Working With Democrats & Obama “For A Long Time”

    04/18/2014 9:34:25 PM PDT · by 2ndDivisionVet · 29 replies
    Gateway Pundit ^ | April 18, 2014 | Patch W. Adams
    Have you ever wondered why the Obama Administration’s plans for improving the U.S. economy always seem to fall flat? It just might have something to do with the fact that the Obama Administration has been working with someone who doesn’t like capitalism. According to an article on France24.com, a well known economist who isn’t fond of capitalism, but promotes Socialism, has been working with the Democrats and the Obama Administration “for a long time”: In his latest book, French economist Thomas Piketty warns that modern-day capitalism leads to unsustainable levels of inequality. While he is often linked to France’s Socialist...
  • Success Of Obamacare Might Translate Into Political Success

    04/18/2014 9:15:44 PM PDT · by 2ndDivisionVet · 52 replies
    The Moderate Voice ^ | April 18, 2014 | Dr. Ron Chusid
    The number of people signing up for private insurance coverage under the Affordable Care Act has now reached eight million. While primarily symbolic, it does represent a victory after initial projections of seven million were reduced to six million due to the problems when the exchanges opened. We know that if they failed to meet these projections, Republicans would be making a big deal of them. In addition, late enrollees included a high percentage of young people. Good news means more positive head lines, such as National Journal writing that Obamacare is on a Winning Streak. The political climate is...
  • Google: the unelected superpower

    04/18/2014 8:09:58 PM PDT · by 2ndDivisionVet · 3 replies
    The London Telegraph ^ | April 17, 2014 | Katherine Rushton
    Researchers at Princeton and Northwestern universities have pored over 1,800 US policies and concluded that America is an oligarchy. Instead of looking out for the majority of the country’s citizens, the US government is ruled by the interests of the rich and the powerful, they found. No great surprises there, then. But the government is not the only American power whose motivations need to be rigourously examined. Some 2,400 miles away from Washington, in Silicon Valley, Google is aggressively gaining power with little to keep it in check. It has cosied up to governments around the world so effectively that...
  • House Committee Votes to Admit More STEM Workers than the Supply of Them

    04/18/2014 6:00:34 PM PDT · by ObamahatesPACoal · 15 replies
    Center for Immigration Studies ^ | July 1, 2013 | David North
    The House of Representatives Judiciary Committee voted last week to admit more high-tech foreign workers in some categories than the annual supply of them. In its eagerness to meet the wishes of the high tech industry — and steal jobs from qualified American workers — the Republican majority on the committee, with the single, commendable exception of Rep. Steve King (R-Iowa), voted to allow as many as 55,000 green cards to be issued annually to aliens with advanced science, technology, engineering, and math (STEM) degrees from American universities.