Business/Economy (News/Activism)

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  • The 2.6 Billion Dollar Welfare Payment That The U.S. Government Gives To Wal-Mart

    12/29/2014 4:17:19 AM PST · by HomerBohn · 3 replies
    The Daily Coin ^ | 12/29/2014 | Michael Snyder
    Should the federal government be spending billions of dollars to pump up Wal-Mart’s profits? I know that question sounds really bizarre, but unfortunately this is essentially what is happening. Because Wal-Mart does not pay them enough money, hundreds of thousands of Wal-Mart employees enroll in Medicaid, food stamps and other social welfare programs. Even though Wal-Mart makes enormous profits, they refuse to properly take care of their employees so the federal government has to do it. And of course this is not just a Wal-Mart problem. There are hundreds of other major corporations doing exactly the same thing. And they...
  • Lithuania's LNG terminal receives first commercial cargo

    12/29/2014 2:44:53 AM PST · by WhiskeyX · 1 replies
    LNG World News ^ | LNG World News
    Lithuania’s LNG terminal at the port of Klaipeda has reached another milestone since the official start of operations earlier this month. According to Klaipeda port data, the 155,000 cbm Arctic Aurora LNG carrier delivered the first commercial cargo of liquefied natural gas from Statoil’s Hammerfest facility, on Tuesday. Earlier in October, Höegh LNG’s FSRU Independence received the first cargo that was delivered to Klaipeda for testing purposes. It was also delivered from Norway onboard the 160,000 cbm Golar Seal. The first commercial cargo signs the beginning of Lithuania’s independence from Russian gas. Lithuania’s President Dalia Grybauskaitė was recently quoted saying...
  • 'Argentina is capable of paying all of its creditors'

    12/29/2014 12:27:13 AM PST · by WhiskeyX · 2 replies
    Buenos Aries Herald ^ | Sunday, December 28, 2014 | Buenos Aries Herald
    Senior portfolio manager at NML Capital Jay Newman said that “Argentina is capable of paying all of its creditors” given its “vast natural ressources.” He blamed the government for not reaching a deal with the holdouts.
  • Obama Ignores Black Economic Woes To Focus On Racism

    12/28/2014 11:12:44 PM PST · by Cincinatus' Wife · 3 replies
    The Daily Caller ^ | December 29, 2014 | Neil Munro
    "............................Then [Obama] claimed his government-centered policies have boosted education and opportunity among African-Americans. “The education reforms that we’ve initiated are showing measurable results… We are seeing record numbers of young people attending college,” he said. But in Obama’s high-unemployment economy, even blacks with college degrees are doing worse than their pre-depression peers. “Among recent graduates ages 22 to 27, the jobless rate for [graduate] blacks last year was 12.4 percent versus 4.9 percent for whites,” said a New York Times article, which was published quietly on Christmas Day. “This 7.5 percentage point difference was far greater than before the recession…...
  • The Fed Fights Half the Battle (NYT Editorial Board says Fed is "captive" of Banks!)

    12/28/2014 10:20:21 PM PST · by Seizethecarp · 7 replies
    New York Times ^ | December 27, 2014 | NY Times Editorial Board
    Stock prices were slumping in early December, for good reasons, including global economic weakness. But they have surged ever since the Fed stated its intention not to raise rates in the near term. The challenge for the Fed is to hold rates low without inflating bubbles. The way to do so is to control speculation through stepped-up regulation of banks and other financial institutions. Instead, the Fed has been inclined to ease up on regulation. On Dec. 19, it delayed a core provision of the Volcker Rule, a part of the 2010 Dodd-Frank financial reform law that bans speculative trading...
  • Will the Boeing 747 Fly Off Into the Sunset?

    12/28/2014 8:10:57 PM PST · by ConservativeStatement · 53 replies
    The Motley Fool ^ | December 28, 2014 | Rich Smith
    Boeing (NYSE: BA ) extended its sales lead over archrival Airbus (NASDAQOTH: EADSY ) in December. In its latest update on airplane orders, released last week, Boeing confirmed that 2014 "gross" orders for commercial aircraft reached 1,423 by mid-December, versus 1,328 planes for Airbus (at last report). After cancellations -- 106 at Boeing, but nearly three times as many at Airbus -- the U.S. aircraft maker's lead over its European rival only got bigger. This is good news for Boeing -- but, as we'll see in a moment, it might be bad news for one of Boeing's favorite customers: the...
  • Workers Say They Are Hurting In West Coast Port Slowdown

    12/28/2014 7:18:35 PM PST · by Tolerance Sucks Rocks · 26 replies
    The Daily Caller ^ | December 26, 2014 | Connor D. Wolf
    The West Coast port slowdowns are hurting workers as well as retailers this holiday season.The NBC affiliate in Seattle reported that many of those who work for the ports can’t afford utilities or Christmas gifts for their families because the slowdowns have delayed their paychecks. The work slowdowns are the result of a seven-month labor dispute between the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU). Each side of the dispute blames the other.Vicki Raiter, the mother of one of the Port of Tacoma workers, told the local NBC affiliate, “If the shipments aren’t coming, then...
  • McCaughey: Hillary's Healthcare Rx May Be Worse Than Obamacare

    12/28/2014 6:57:15 PM PST · by Tolerance Sucks Rocks · 15 replies
    Newsmax.com ^ | December 26, 2014 | Newsmax
    The Affordable Care Act may become even more of a nightmare with Hillary Clinton in the White House, says Betsy McCaughey, chairwoman of the Committee to Reduce Infectious Deaths and former lieutenant-governor of New York. "Hillary could make it worse," McCaughey said Friday on "The Steve Malzberg Show" on Newsmax TV, referencing Clinton's attempt to launch a heathcare plan when her husband, Bill Clinton, was president. "Hillarycare back in November 1993, all 1,362 pages of it . . . was far more coercive than Obamacare." For example, said McCaughey, a medical doctor, Clinton's plan was far more rigid than President...
  • Seed Libraries Struggle With State Laws Limiting Exchanges

    12/28/2014 5:55:01 PM PST · by Mrs. Don-o · 23 replies
    Minnesota Local ^ | December 28, 2014 | Not listed
    <p>DES MOINES, Iowa (AP) — Gardeners at hundreds of spots around the country are sharing seeds as part of an increasing interest in locally grown food, but some agriculture officials say the well-meaning effort violates state laws.</p> <p>In spots like Duluth, Minnesota, the conflict has surprised gardeners and library officials who never thought to examine the intricacies of state seed laws.</p>
  • Cowboys Dominate Redskins 44-17 In Regular Season Finale

    12/28/2014 2:01:10 PM PST · by central_va · 44 replies
    http://dfw.cbslocal.com ^ | 12/28/14 | cbs dallas tx
    DeMarco Murray and Dez Bryant broke franchise records Sunday as the Dallas Cowboys prepped for the playoffs with a 44-17 win over the Washington Redskins.
  • Red Light Cameras, Government Greed, and the Libertarian Quandary

    12/28/2014 9:36:52 AM PST · by Kaslin · 52 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 · 49 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 & Analysis Our 2015 year-end target for the S&P 500 is 2200, putting returns on a more-normal pace of 6%.Barron's Cover Outlook 2015: Stick With the Bull Wall Street’s 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 our longer term...
  • Russia Debt One Grade Above Junk With Downgrades Coming, How Likely is Default?

    12/28/2014 6:24:46 AM PST · by Kaslin · 35 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 city’s 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 don’t — and even if we don’t 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.
  • It’s ending purposeless, perpetual, global warfare, stupid

    12/27/2014 8:29:24 PM PST · by Tolerance Sucks Rocks · 33 replies
    The Washington Times ^ | December 26, 2014 | Bruce Fein
    “It’s 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 Clinton’s 1992 campaign theme, “It’s 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, Obama’s 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. Obama’s political standing is likely to strengthen. The economy is turning upward. Job growth is increasing, as The Upshot’s 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 Arabia’s oil power play targets Iran’s economy

    12/27/2014 6:40:43 PM PST · by Red Steel · 22 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 Dakota’s 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 Russia’s 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 OECD’s chief economist, said Russia was moving closer to shutting itself off from the rest of the world, while the West’s sanctions against Moscow over its annexation of Crimea in Ukraine had left no end in sight for the country’s 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 · 15 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
    It’s time to correct a sin of omission.In five-plus years of blogging, I haven’t 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 I’ve cited what he said about the correct goal of fiscal policy being smaller government rather than fiscal balance.Moreover, I’ve 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 I’ve 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 world’s largest tax services provider, told investor’s “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 · 55 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 isn’t 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 · 62 replies
    Townhall.com ^ | December 26, 2014 | Mike Shedlock
    The US census bureau reports Florida Passes New York to Become the Nation’s 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 nation’s third most populous state, according to U.S. Census Bureau state population estimates released today. Florida’s 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 nation’s most...
  • Apple And Samsung: Here’s What Happens When The Money Begins To Run Out

    12/26/2014 10:19:05 AM PST · by Star Traveler · 151 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. Apple’s iPhone and iPad, it’s 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, you’d be so far off the mark that you’re probably in need of public assistance for watching too much Faux News and reading Business Insider. It’s not Apple. It’s...
  • 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, thereÂ’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. ThereÂ’s more, but letÂ’s focus on augmenting our list with some new cartoons.HereÂ’s Robert...
  • Affordable Care Act’s 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. That’s 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
    It’s official. Florida is the nation’s 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 York’s 140. Contrary to the stereotype, sun-seeking seniors aren’t the main drivers of Florida’s population growth. James Johnson, a business professor at the University of North Carolina, told the AP that Florida’s powerful economic engine is driving its growth: “I think it’s going to be for the 21st century what California or New York was for the 20th century.” As the James Madison Institute reports, Florida’s 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. It’s 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 doesn’t deliver the goods.
  • Everything Is Awesome! Well, not everything. But America’s 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 Force’s sleek, high-flying Cold War reconnaissance workhorse that still holds several world air-speed records. Here’s 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 that’s 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 O’Dell, 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 · 52 replies
    Business Insider ^ | 12/25/2014 | Dave Smith
    Hackers don't take a holiday, it seems. Hours after Microsoft’s Xbox Live went down Wednesday, Sony’s 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,...