Business/Economy (News/Activism)

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  • Where the Middle Class Goes to Die: In progressive Manhattan, inequality is maxed out.

    09/19/2014 7:27:10 AM PDT · by SeekAndFind · 5 replies
    National Review ^ | 09/19/2014 | Kevin D. Williamson
    A new report being released today by the Census Bureau finds that Manhattan has the highest level of income inequality in the United States. That is not entirely surprising, though it would also not have been surprising if it had been San Francisco or another progressive fiefdom. For all the rhetoric about wicked 1 percenters and inequality, progressivism is a luxury good, and progressive-dominated enclaves are generally pretty okay places to live if you have a fair amount of money, but sort of stink if you’re in the middle or at the lower end of the earnings curve. Because most...
  • Greens v. the poor: It’s a movement of the ‘haves’ duping the 'have nots'

    09/19/2014 7:23:14 AM PDT · by SeekAndFind · 3 replies
    New York Post ^ | 09/18/2014 | By Naomi Schaefer Riley
    Looking for something to do this weekend that will help those less fortunate than you? Better steer clear of the People’s Climate Change March. Set to start Sunday morning on the Upper West Side, the march includes everything from labor unions to synagogues, beekeepers to anarchists, anti-Zionists to anti-corporate groups. The thousands of marchers will, the Web site tells us, “take to the streets to demand the world we know is within our reach: a world with an economy that works for people and the planet; a world safe from the ravages of climate change; a world with good jobs,...
  • KEYSTONE PIPELINE COST EXPECTED TO DOUBLE, TRANSCANADA CEO SAYS

    09/19/2014 7:04:39 AM PDT · by shove_it · 4 replies
    MarketReports ^ | 18 Sep 2014 | WPENGINE
    WASHINGTON– TransCanada Corp.’s chief executive said the cost to build the Keystone XL pipeline, currently estimated at $5.4 billion, is expected to double by the time the U.S. government completes its review of the largest part of the project. Russ Girling, chief executive of the Calgary, Alberta,-based company, in an interview this week said he expects the project’s cost could increase to a “number that gets you into the high single digits to a 10 number.” He was hesitant to say the project’s cost could double. “I was actually trying to avoid saying those words,” Mr. Girling said. “Obviously, the...
  • Shakespeare Didn't Really Want To Kill All The Lawyers, But We Should Deregulate Their Profession

    09/19/2014 6:01:39 AM PDT · by reaganaut1 · 14 replies
    Forbes ^ | September 18, 2014 | George Leef
    One of the Bard’s often-quoted lines is Dick the Butcher’s admonition in Henry VI, Part 2, “The first thing we do, let’s kill all the lawyers.” That idea, argues lawyer David Epstein, is mistakenly thought to mean that Shakespeare was antagonistic toward the legal profession. Instead, as we read in this Wall Street Journal piece, Shakespeare actually meant “to portray lawyers as the guardians of the rule of law who stand in the way of a fanatical mob.” Whether you agree with Epstein’s interpretation or not, more than four centuries after Shakespeare’s time, we should do something about lawyers, something...
  • OMG: Limbaugh's 'Jesus' banished from NYT best seller list

    09/19/2014 4:47:44 AM PDT · by afraidfortherepublic · 11 replies
    The Washington Examiner ^ | 9-18-14 | Paul Bedard
    There they go again. The New York Times Book Review, which has a history of belatedly recognizing conservative bestsellers, has banished conservative legal author David Limbaugh’s latest, Jesus on Trial, from its upcoming best seller list despite having sales better than 17 other books on the list. According to publishing sources, Limbaugh’s probe into the accuracy of the Bible sold 9,660 in its first week out, according to Nielsen BookScan. That should have made it No. 4 on the NYT print hardcover sales list. Instead, Henry Kissinger’s World Order, praised by Hillary Clinton in the Washington Post, is No. 4...
  • Union head files OSHA complaint over Scott Walker ad

    09/19/2014 4:34:53 AM PDT · by afraidfortherepublic · 12 replies
    MSNBC ^ | Meredith Clark
    Scott Walker can’t stop digging himself into a hole with union workers. After stripping public-sector union members of collective bargaining rights in 2011, one might think that there wasn’t more the Republican governor could do to anger workers. But Walker, who is locked in a tight race Wisconsin against Democratic challenger Mary Burke, ran afoul of the president of a local steelworkers’ union over a recent campaign ad. In the ad, Walker speaks to the camera from a deep hole. Jeff Kaminsiki, head of the United Steelworkers Local 2006, filed a complaint with the Occupational Health and Safety Administration over...
  • How gender mattered in the rise and fall of Debbie Wasserman Schultz

    09/19/2014 3:52:49 AM PDT · by afraidfortherepublic · 17 replies
    The Washington Post ^ | 9-19-14 | Nia-Malika Henderson
    <p>That's really the only way to describe Politico's piece on DNC Chairwoman Debbie Wasserman Schultz.</p> <p>Based on interviews with DNC staffers -- both former and current -- the piece described Wasserman Schultz as something of a modern-day Tracy Flick: over-eager, disloyal and not shy about promoting her ambitions.</p>
  • ObamaCare's Numbers Game

    09/19/2014 3:28:52 AM PDT · by IBD editorial writer · 5 replies
    Investor's Business Daily ^ | 09/18/2014 | IBD Staff
    Health Reform: It seems the administration had been exaggerating the number of people enrolled in ObamaCare to the tune of about 700,000. We're shocked! Shocked! At a hearing Thursday, Marilyn Tavenner, head of the Centers for Medicare and Medicaid Services, finally confessed that 7.3 million were enrolled in ObamaCare plans as of mid-August. In other words, the administration had been inflating the "enrollment" number nearly 10% by counting anyone who had completed the application process, not those who paid their premiums. Now, they say it's no big deal, because everyone expected some attrition. But even this new, lower number is...
  • Dem Senator’s Small Business Experience Was Co-Running Store that Sold Stolen Goods

    09/19/2014 2:53:00 AM PDT · by afraidfortherepublic · 13 replies
    Washington Free Beacon ^ | 9-18-14 | CJ Ciarmarella
    Throughout her political career, including during her current race against former GOP Sen. Scott Brown, Sen. Jeanne Shaheen (D., N.H.) has touted her experience as a small business owner. Shaheen’s small business “experience” was co-running a store that once sold thousands of dollars-worth of stolen jewelry. “As the former owner and manager of a small retail business, Senator Shaheen knows what it’s like to worry about meeting payroll and inventory costs to keep a business going,” the Issues section of her Senate website declares. Her Senate biography also describes her as a “former small business owner.” This week, the Shaheen...
  • Pabst Is Sold to Russian Beverage Company

    09/18/2014 11:38:14 PM PDT · by RightGeek · 79 replies
    NY Times ^ | 9/18/2014 | David Gelles
    A Russian beverage company said on Thursday that it was acquiring the Pabst Brewing Company, which makes the Pabst Blue Ribbon beer popular with barflies and hipsters alike and other brands like Colt 45 and Old Milwaukee. [snip] The buyer is Oasis Beverages, a Russian brewer and beverages distributor. Backing Oasis is TSG Consumer Partners, an American private equity firm focused on consumer goods, which will take a minority stake. “Pabst Blue Ribbon is the quintessential American brand – it represents individualism, egalitarianism and freedom of expression – all the things that make this country great,” Eugene Kashper, the chairman...
  • U.S. charges 7 Japanese auto executives with price-fixing

    09/18/2014 8:00:35 PM PDT · by DeaconBenjamin · 14 replies
    Japan Today ^ | Sep. 19, 2014 - 07:00AM JST
    The United States charged seven Japanese executives with price-fixing Thursday in a long-running probe into illegal practices in the auto parts industry. Three executives from Mitsubishi Electric Corp were accused by a federal grand jury of conspiring to set the prices of starter motors, alternators and ignition coils sold to top US manufacturers, and U.S.-based Japanese manufacturers, from at least 2000 through 2010. Another four executives from Hitachi Automotive Systems were similarly charged over price-fixing involving a number of parts sold to US automakers including starter motors, fuel injection systems, and ignition coils. Both groups of executives were alleged to...
  • Weather Trends Make Mockery of Climate Alarmists

    09/18/2014 6:44:09 PM PDT · by Coleus · 19 replies
    cbn news ^ | September 17, 2014 | Dale Hurd
    It's still summer, yet it has already snowed in the western United States and one of America's premier weather forecasters, Joe Bastardi at Weatherbell Analytics, is warning that for parts of the country, another bad winter is on the way. "It's going to be a major winter for much of the eastern and southern United States," he said. "We think a formidable winter, but the core of the worst cold, relative to averages, instead of being in the northern Plains and Midwest, will be further south and east." Last winter was bad, too -- historically bad. The Great Lakes weren't...
  • ‘CATALIST’: Obama’s Database for Fundamentally Transforming America

    09/18/2014 3:51:18 PM PDT · by 2ndDivisionVet · 32 replies
    PJ Media's Rule of Law ^ | September 17, 2014 | J. Christian Adams
    The Democrats and the institutional left have a new political tool that allows them virtually to ignore moderates yet still win elections. This tool, the Catalist database, was employed in the 2012 election. That election defied conventional wisdom: Mitt Romney sought and won independent voters overwhelmingly, but still lost. If you wondered why the conventional wisdom about independents and moderates didn’t seem so wise in 2012, the answer is Catalist. Beyond winning elections, Catalist also allows the Democrats to turn the policy narrative upside down and suffer no political consequence for implementing radical policies which appeal to their base. The...
  • Larry Ellison to Step Aside as Oracle CEO

    09/18/2014 2:35:48 PM PDT · by beaversmom · 11 replies
    Wall Street Journal ^ | September 18, 2014 | Shira Ovide
    Larry Ellison, a college dropout who built Oracle Corp. ORCL +1.00% into one of America's largest companies, is stepping down as chief executive, in one of the momentous corporate handovers in the history of Silicon Valley. Mr. Ellison, aged 70, has been the only CEO in the history of Oracle, which he founded in 1977 and turned into a dominant seller of database software with a market value of $182 billion. Oracle shares fell 2% in after-hours trading following the CEO news and the company's disappointing quarterly results. Mark Hurd, 57, and Safra Catz, 52, two of Mr. Ellison's deputies,...
  • Sources: Howard Stern to Move to Palm Beach Permanently (reason: taxes)

    09/18/2014 11:13:11 AM PDT · by Behind Liberal Lines · 28 replies
    © Copyright 2013 GossipExtra.com · All Rights Reserved ^ | September 16, 2014 | by Jose Lambiet
    PALM BEACH — No matter what his professional future holds, satellite radio star Howard Stern is planning to move to Palm Beach permanently after the $10 million-renovation of his $52 million-house is completed early next year...One of the sources added that Stern is well aware of the benefits of declaring residency in a no-income tax state like Florida and homesteading his property.
  • Ireland economy grows 7.7 percent, leads eurozone

    09/18/2014 7:54:42 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Sep 18, 2014 9:28 AM EDT | Shawn Pogatchnik
    Ireland’s economy is growing at a rapid pace last experienced at the tail-end of the Celtic Tiger boom, government statisticians reported Thursday as economists declared an end to the country’s financial doldrums. The report from the Central Statistics Office said gross domestic product grew 7.7 percent from July 2013 to June 2014, the biggest annual rate of growth since early 2007. It said quarterly GDP rose 1.5 percent versus the January-March quarter. Finance Minister Michael Noonan said the figures suggested that Ireland would record around 4.5 percent GDP growth this year, accelerating the country’s escape from debt woes that forced...
  • US Poverty Rate Drops for First Time in 7 Years, With Hispanic Households Seeing Gains in Income

    09/18/2014 7:44:25 AM PDT · by SeekAndFind · 18 replies
    Christian Post ^ | 09/18/2014 | Jessica Martinez
    The overall poverty rate in the United States dropped for the first time since 2006, with Hispanics being the only racial or ethnic group that experienced the most significant change in income. The U.S. Census Bureau's annual report released Tuesday indicated that the poverty rate among Latinos in 2013 decreased by 2.1 percentage points from the previous year. In addition, income for Hispanic households increased by 3.5 percent between 2012 and 2013 to $40,963. The Rev. Samuel Rodriguez, president of the National Hispanic Christian Leadership Conference that represents millions of Hispanic Evangelicals, attributed the rise in income to more Latinos...
  • An Idiotic Government with Idiotic Goals

    09/18/2014 7:42:08 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | September 18, 2014 | John Ransom
    For folks who are trying to ignite inflation, this sure isn’t working out very well. It’s been hoped by the country’s central bankers that the massive quantitative easing program along with near-zero interest rates will touch off a wave of inflation that if not exactly the same thing as boom times, will at least give the appearance of a strengthening economy. However, month after month inflation in the goods that the Fed cares about seems muted. Now this month we had the horrid news that official inflation numbers are falling not rising.
  • US shale oil growth covers up production drop in rest-of-world

    09/18/2014 7:24:16 AM PDT · by ckilmer · 19 replies
    resilience ^ | Sep 17, 2014 | by Matt Mushalik,
    US shale oil growth covers up production drop in rest-of-world by Matt Mushalik, originally published by Crude Oil Peak  | Sep 17, 2014  We use the period starting with January 2010 when crude production had come back to 2005 levels after the exceptional year of 2009.Fig 1: US crude oil vs crude oil in rest-of-world   While US shale oil production is growing, there was a drop in crude production in the rest of world since February 2012 of almost 2 million barrels/d. How did this come about? As usual, there is decline and growth and then we have geopolitics....
  • Kaplan University Takes On Obama

    09/18/2014 7:11:59 AM PDT · by Academiadotorg · 8 replies
    Accuracy in Academia ^ | September 17, 2014 | Spencer Irvine
    The U.S. Department of Education’s latest rule, which mandates that for-profit colleges cannot saddle students with debt at an arbitrary rate, affects only for-profit colleges such as Kaplan, DeVry and University of Phoenix, representatives of Kaplan claimed during a Washington, D.C. briefing recently. kaplan university Former Dallas mayor Thomas Leppert, now the CEO of Kaplan, explained how the rule itself is not fair to for-profit colleges. Non-profit and state colleges and universities have similar debt problems for their students and yet are exempt from this rule. “A regulation should apply to any institution,” said Leppert, and noted “it only applies...
  • California winery put out of business for using volunteers

    09/18/2014 6:57:16 AM PDT · by SeekAndFind · 36 replies
    American Thinker ^ | 09/18/2014 | Thomas Lifson
    The State of California continues its war on productive activity, fining a small family-owned winery that earns $11,000 a year a whopping $115,000 for the crime of inviting volunteers to learn about wine while helping out with the harvest and the crush. That is enough to drive it out of business, and the winery is starting to lauch a going out of business sale in response.Rebecca Parr reports in the San Jose Mercury-News: A small-time vintner's use of volunteer workers has put him out of business after the state squeezed him like a late-summer grape for $115,000 in fines --...
  • Blackout: Power Goes Off During House Climate Hearing with Obama Science Czar John Holdren ...

    09/18/2014 6:55:09 AM PDT · by shove_it · 12 replies
    ClimateDepot ^ | 17 Sep 2014 | Marc Morano
    Full headline: Blackout: Power Goes Off During House Climate Hearing with Obama Science Czar John Holdren — Lights blink on and off and stay off for almost a minute Washington D.C.- A total blackout of a House Science committee occurred during a House Hearing on Climate Change and the EPA’s power plans. The lights went out and the room was plunged into total darkness at 10:23 AM in the Rayburn House Office Building. The hearing was titled: Full Committee Hearing – “The Administration’s Climate Plan: Failure by Design” - 2318 Rayburn House Office Building Washington, D.C. 20515 | Sep 17,...
  • Occupy Movement abolishes $4 million in other people's student loan debt

    09/18/2014 6:35:38 AM PDT · by SeekAndFind · 15 replies
    Money ^ | 09/18/2014 | Blake Ellis
    After forgiving millions of dollars in medical debt, Occupy Wall Street is tackling a new beast: student loans. Marking the third anniversary of the Occupy Wall Street movement, the group's Strike Debt initiative announced Wednesday it has abolished $3.8 million worth of private student loan debt since January. It said it has been buying the debts for pennies on the dollar from debt collectors, and then simply forgiving that money rather than trying to collect it. In total, the group spent a little more than $100,000 to purchase the $3.8 million in debt. While the group is unable to purchase...
  • Opponents of Internet Regulation Flip the Script

    09/18/2014 6:35:20 AM PDT · by RatherBiased.com · 5 replies
    American Commitment ^ | Phil Kerpen
    An incredible thing happened in the recent reply-comment period regarding the Federal Communications Commission (FCC) proposal to regulate the Internet like old-fashioned monopoly telephone service: the side telling the agency not to regulate carried the day. The radical left, demanding federal regulatory control of the building blocks of Internet, brought all the usual hype and hoopla and had free-spending corporate backers in Google and Netflix, who want regulators to force you to pay the costs of their downstream bandwidth. This campaign by liberal special interests like MoveOn and the Sierra Club converted forty thousand websites into campaign advertisements urging visitors...
  • How did the Transportation Fund Amendment get on the November Ballot in Wisconsin?

    09/18/2014 6:35:14 AM PDT · by afraidfortherepublic · 3 replies
    Wisconsin Election Watch ^ | 9-16-14 | Kyle Maichle
    MADISON – Voters in the State of Wisconsin will see a referendum on whether the transportation fund should be protected in the State Constitution. However, most voter are not aware on how the referendum qualified for the November ballot. Under Wisconsin State law, a binding statewide referendum can be qualified if it’s approved by the Wisconsin Legislature by both houses for two consecutive Legislative sessions. According to Ballotpedia, Wisconsin is one of 12 states that uses the two Legislative session method to qualify statewide ballot measures. Extra: Learn More About the Transportation Fund Referendum The Transportation Fund referendum will ask...
  • The Trouble With Keeping Commercial Flights Clean

    09/18/2014 6:31:21 AM PDT · by KeyLargo · 18 replies
    The Wall Street Journal ^ | Sep 17, 2014 | Scott McCartney
    The Middle Seat The Trouble With Keeping Commercial Flights Clean With the Ebola Crisis in the Background, Standards for Disinfecting Planes Vary Based on Time, Class Just how clean are airplanes? Do they really get scrubbed down after each flight? WSJ's Scott McCartney joins Tanya Rivero on Lunch Break with the answers. By Scott McCartney Updated Sept. 17, 2014 The Ebola crisis and heightened concerns about the risk of spreading disease during air travel have focused concern on what airlines do to keep planes clean. It's a murky area without clear regulatory standards. The Federal Aviation Administration says it doesn't...
  • U.S. initial jobless claims fall by 36,000 to 280,000 last week

    09/18/2014 6:27:18 AM PDT · by SeekAndFind · 19 replies
    Investing ^ | 09/18/2014
    The number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since mid-July, fuelling optimism over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 13 decreased by 36,000 to a seasonally adjusted 280,000 from the previous week’s revised total of 316,000. Analysts had expected jobless claims to fall by 11,000 to 305,000 last week. Continuing jobless claims in the week ended September 6 fell to 2.429...
  • New groundwater laws to have ripple effect on agriculture (w/video)

    09/18/2014 5:48:49 AM PDT · by Tolerance Sucks Rocks · 8 replies
    The Santa Rosa Press Democrat ^ | September 16, 2014 | Angela Hart
    Gov. Jerry Brown signed historic groundwater legislation Tuesday, imposing new rules in the Golden State that could limit how much water commercial and residential users are allowed to pump from underground aquifers — a move decades in the works, spurred this year by California’s drought. The new laws, which take effect in January, will require local government officials to ensure use of groundwater basins is sustainable, protecting underground reserves and averting other environmental damage. The regulations could have a ripple effect on thousands of farmers and ranchers across the North Coast.
  • President Obama has a huge gas problem

    09/18/2014 1:44:05 AM PDT · by 2ndDivisionVet · 26 replies
    al-Jazeera ^ | September 15, 2014 | Peter Moskowitz
    Ahead of the People’s Climate March, activists say Obama must address fracking if he wants to leave a meaningful legacy.Later this month, hundreds of delegates will gather inside the U.N. to talk about climate change. President Barack Obama plans to attend the climate summit and reportedly wants work on a deal with other world leaders to “name and shame” countries that aren’t actively pursuing serious climate action. But outside the U.N., thousands of activists will be protesting with one message: Whatever Obama accomplishes at the U.N., it won’t be enough to save his climate legacy. The Obama administration has been...
  • Bosses and cash vanish at shoe firm Ultrasonic

    09/17/2014 7:00:25 PM PDT · by Lorianne · 18 replies
    BBC ^ | 16 September 2014
    Chinese footwear firm Ultrasonic has announced the disappearance of its chief executive and chief operating officer, along with most of its cash. The firm, which is listed in Germany, said that both the men, Qingyong Wu and Minghong Wu, had "apparently left their homes and are not traceable". At the same time, its cash reserves in China and Hong Kong had been transferred and were "no longer in the company's range of influence". Ultrasonic shares immediately fell 79%. The Cologne-based firm said its German holding company still had a "relevant six-figure amount" of money under its control, so it was...
  • The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

    09/17/2014 6:50:52 PM PDT · by Lorianne · 23 replies
    Economic Collapse ^ | 14 September 2014 | Michael Snyder
    The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. But this number is just for public consumption and it relies on accounting tricks which massively understate how much debt is actually being accumulated. If you want to know what the real budget deficit is, all you have to do is go to a U.S. Treasury website which calculates the U.S. national debt to the penny....
  • Socialist Failure: French Government Faces Second No Confidence Vote in Six Months

    09/17/2014 5:54:55 PM PDT · by Kaslin · 2 replies
    Townhall.com ^ | September 17, 2014 | Mike Shedlock
    Second No Confidence Vote in Six Months In spite of the fact the Socialist party holds a majority of just 1 in the 577-seat lower house, French prime minister Manual Valls hopes to stabilize things with a Second No Confidence Vote in Six Months. Mr Valls could see a narrowing of his majority compared with the vote when he was first appointed prime minister at the end of March after a big socialist loss in local elections. Then he won by a margin of 306 votes to 239 against, with 26 abstentions. “Valls is politically and economically archaic. He is...
  • Police: Milwaukee Teen Sought to Rack up Crimes Before Turning 18

    09/17/2014 5:48:55 PM PDT · by afraidfortherepublic · 12 replies
    Milwauke Journal Sentinel ^ | 9-17-14 | Bruce Vielmetti
    A Milwaukee teen charged in a string of armed robberies last week told police he was trying to do as many crimes as he could before he turned 18 on Sept. 11. Rocarldo Chalmers is one of five suspects charged Wednesday in a dizzying spree of armed stick-ups and car jackings that only ended after a high speed chase. Chalmers faces 10 felonies, including armed robbery, car theft and fleeing. Isiah Deshawn Thomas, 18, is charged with five counts, Anthony Griffis, 17, with two. Two juveniles have been charged in Children's Court. As many as three other suspects remain at...
  • Obama's Illinois: Food Stamp Growth Exceeds New Jobs

    09/17/2014 3:41:34 PM PDT · by raptor22 · 12 replies
    Investor's Business Daily ^ | September 16, 2014 | IBD EDITORIALS
    Economy In Crisis: A new study by the Illinois Policy Institute shows in the past four years, the number of new food-stamp recipients in the state has outpaced new jobs nearly 2-to-1. Illinois Democratic Gov. Pat Quinn, locked in a tight re-election battle with self-made billionaire Republican Bruce Rauner, has been arguing that Illinois, arguably the bluest of blue states, has turned the fiscal corner and is on its way back. The recovery may be slower than Quinn wants it to be — but, he says, it is real. It is an odd recovery, though, that makes more people dependent...
  • Investors buy German debt at negative rates

    09/17/2014 12:06:48 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Sep 17, 2014 1:15 PM EDT | David McHugh
    Investors have bought billions of euros in German treasury notes that pay negative interest—meaning the purchasers agreed to pay a small fee for the privilege of lending the German government their money. […] Germany auctioned €3.34 billion ($4.3 billion) Wednesday in two-year notes at an average yield of minus 0.07 percent. Rates are very low all over, and German debt is considered ultra-safe, so security-minded investors are paying for safety. Expectation the European Central Bank will buy bonds has also driven down yields, which move opposite to prices. And the small negative yield on the notes is still a better...
  • Fed signals plan to keep key rate at record low

    09/17/2014 11:19:44 AM PDT · by John W · 17 replies
    AP via Yahoo news ^ | September 17, 2014 | Martin Crutsinger
    WASHINGTON (AP) -- The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low for a considerable period because a broad range of U.S. economic measures remain subpar. The Fed said it planned to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market. The central bank retained language signaling its plans to keep short-term rates low "for a considerable time" after it ends its monthly bond purchases after its next meeting in...
  • New Record: Pound of Ground Beef Tops $4 for First Time

    09/17/2014 11:19:06 AM PDT · by C19fan · 58 replies
    CNS News ^ | September 17, 2014 | Ali Meyer
    Although the overall Consumer Price Index dropped by 0.2 percent in August, the price index for food rose 0.2 percent, with the average price for a pound of ground beef rising to $4.013 per pound--the first time it has ever topped $4 per pound. In July, according to the Bureau of Labor Statistics, the average price for a pound of ground beef had been $3.884 per pound—which was the record price up to that point. From July to August, the average price jumped 12.9 cents, an increase of 3.3 percent in one month.
  • Missouri, Alabama schools drop Michelle O’s lunch program

    09/17/2014 9:06:08 AM PDT · by Red Badger · 39 replies
    eagnews.org ^ | Victor Skinner
    CAPE GIRARDEAU, Mo. – New federal school food regulations promoted by First Lady Michelle Obama are becoming a massive headache for many schools that participate in the National School Lunch Program. And many, like Missouri’s Notre Dame Regional and Saxony Lutheran high schools, are taking matters into their own hands. Those schools and numerous others across the country are ditching the federal regulations and the funding that comes with them to save their cafeteria programs, which have experienced a nose-dive in sales and skyrocketing waste since the new rules were implemented in 2012. At Notre Dame, school officials turned to...
  • Leftist Lawmakers and Enviro-Extremists Created CA Water Crisis

    09/17/2014 8:13:50 AM PDT · by Tolerance Sucks Rocks · 19 replies
    Breitbart California ^ | August 30, 2014 | Assemblyman Tim Donnelly
    On Friday, the California State Assembly outdid itself. You can always count on the leftist leaders of what is supposed to be the “people’s house” never lets a crisis go to waste. With the passage of AB 1739 (Dickinson-D), SB 1168 (Pavley-D), and SB 1319 (Pavley-D), 100 years of history was reversed. The authors painted a grim picture of California’s groundwater future. Most of what they said is true. The only problem they didn’t bother to tell you two key truths: 1.It was these same so-called leaders who give up our seat—the property owner and the farmer’s place at the...
  • Odile Poised to Bring Catastrophic Flooding to Southwest US

    09/17/2014 8:10:24 AM PDT · by rktman · 63 replies
    accuweather.com ^ | 9/17/2014 | Alex Sosnowski
    Odile will unload tremendous rainfall over a large part of the Southwest United States that will run off the mountains and into the desert valleys and plains through the end of the week. While the rain will continue to ease the long-term drought in the region, too much rain will fall too quickly for the landscape to absorb.
  • Want to Buy a Company? Try Stealing One Instead

    09/17/2014 7:10:10 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | September 17, 2014 | John Ransom
    There are many sharks in the water – so many, in fact, that even public exposure in courts of law doesn’t guarantee that the most predatory of attacks will necessarily garner public attention. Well, here’s one that should, assuming two related court actions by the bankrupt oil drilling equipment holding company Gulfco Holding Corp. against Prospect Capital Corp has real merit. It’s a dilly, a true watermark of an intrinsically tainted business culture. In Gulfco Holding Corp. v. Prospect Capital Corp. (U.S. Bankruptcy Court for the District of Delaware) – and in a separate lawsuit filed May, 2014 in Jefferson...
  • Why King Coal Will Keep Its Crown

    09/17/2014 6:34:55 AM PDT · by rktman · 19 replies
    oilprice.com ^ | 9/17/2014 | Andrew Topf
    For climate change activists and those hoping for an energy future dominated by renewables or even less-polluting natural gas, the death of coal cannot come quickly enough. But with coal still the dominant form of cheap electricity throughout the world, it is unlikely the bogeyman of climate change will disappear anytime soon. That's because the price of coal, compared to other fuels, is just too good to refuse. Just look at China, where the country's double-digit economic growth has largely been fueled by coal, which fulfills 60 percent of its energy mix.
  • America Wastes $22 Trillion In War On Poverty. 'Poverty' in America is not your father's poverty

    09/17/2014 6:00:27 AM PDT · by SeekAndFind · 11 replies
    IBD ^ | 09/17/2014 | Robert Rector
    The Census Bureau's annual report on poverty, released Tuesday, is noteworthy because this year marks the 50th anniversary of President Lyndon Johnson's launch of the War on Poverty. Liberals claim that the war has failed because we didn't spend enough money. Their answer is to spend more. But the facts show otherwise. Since its beginning, U.S. taxpayers have spent $22 trillion on Johnson's War on Poverty (in constant 2012 dollars). Adjusting for inflation, that's three times more than was spent on all military wars since the American Revolution. The federal government currently runs more than 80 means-tested welfare programs. These...
  • Don't Credit ObamaCare Exchanges For Uninsured Drop

    09/17/2014 5:06:59 AM PDT · by IBD editorial writer · 11 replies
    Investor's Business Daily ^ | 09/16/2014 | John Merline
    The uninsured rate fell 1.3% in the first three months of this year to the lowest point since the Centers for Disease Control began tracking it in 1997. The CDC's survey, on top of others by Gallup, the Kaiser Family Foundation and the Urban Institute, appears to show that ObamaCare is succeeding in its main goal of cutting the ranks of the uninsured. But the picture is far murkier than these surveys suggest. In fact, it's not entirely clear what impact ObamaCare is having on the uninsured, or what part of the law deserves credit if it is.
  • China's leaders refuse to blink as economy slows drastically

    09/16/2014 8:07:03 PM PDT · by Lorianne · 8 replies
    Telegraph (UK) ^ | 15 September 2014 | Ambrose Evans-Pritchard
    Premier Li Keqiang is determined to drive through deep reforms and wean the economy off exorbitant levels of debt before the damage becomes irreversible ___ China’s leaders have brushed aside warnings of an incipient credit crunch in the Chinese economy, determined to purge excesses from the financial system despite falling house prices and the deepest industrial slowdown since the Lehman crisis. Industrial production dropped 0.4pc in August from a month earlier, a rare event that highlights how quickly China is coming off the boil. The growth of fixed asset investment fell to record lows. “It is a shockingly sharp deceleration,”...
  • Only a monetary 'nuclear bomb' can save Italy now, says Mediobanca

    09/16/2014 7:59:11 PM PDT · by Lorianne · 20 replies
    Telegraph (UK) ^ | 15 September 2014 | Evans Amrbrose-Pritchard
    The OECD has drastically cut its growth forecast for Italy. The depression will drag on though most of 2015. The economy will contract by 0.4pc this year. It will remain stuck in the doldrums next year with growth of just 0.1pc. If so, Italy’s public debt will spiral to dangerous levels next year, ever further beyond the point of no return for a country without its own sovereign currency and central bank. “This is catastrophic for the finances of the country. We’re heading for a debt ratio of 145pc next year,” said Antonio Guglielmi, global strategist for Mediobanca. “Who knows...
  • 'Ratings shopping' makes a comeback in the US

    09/16/2014 7:56:40 PM PDT · by Lorianne · 1 replies
    Financial Times ^ | 15 September 2014
    Sales of subprime mortgage bonds have withered since the financial crisis, but fresh concerns are arising as issuance of some other types of securitisations surges. Sales of bonds backed by loans used to finance car purchases undertaken by the least creditworthy borrowers have reached pre-crisis levels in the US, prompting a Department of Justice investigation. While losses on subprime auto asset-backed securities (ABS) remained low during the crisis, there are concerns that new specialised lending companies are making riskier loans which are then being bundled into the bonds. Fitch Ratings has been hired to rate only four of the 29...
  • Medical Office Cancels Health Plan After ObamaCare Doubles Premiums

    09/16/2014 6:59:52 PM PDT · by Republican Wildcat · 9 replies
    Medical Office Cancels Health Plan After ObamaCare Doubles Premiums (September 10, 2014) - click link to view
  • The War on Poverty After 50 Years (has cost tax payers to date $22 Trillion)

    09/16/2014 5:25:39 PM PDT · by Chgogal · 46 replies
    The Heritage Foundation ^ | September 15 ,2014 | Robert Rector and Rachel Sheffield
    This week, the U.S. Census Bureau is scheduled to release its annual poverty report. The report will be notable because this year marks the 50th anniversary of the launch of President Lyndon Johnson’s War on Poverty. In his January 1964 State of the Union address, Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.”[1] Since that time, U.S. taxpayers have spent over $22 trillion on anti-poverty programs (in constant 2012 dollars). Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all military wars in...
  • Few Americans Want More Gov't Regulation of Business [Gallup Poll: Republicans Ignoring the Issue]]

    09/16/2014 3:56:57 PM PDT · by SoFloFreeper · 7 replies
    Gallup ^ | 9/15/14 | Frank Newport
    About half say there is too much regulation; 22% say there is too little .....From 2003 through the remainder of the George W. Bush administration, however, these attitudes settled into a pattern in which Americans were more likely to say there was too much rather than too little government regulation of business. After Barack Obama took office in 2009, the percentage saying "too much" regulation rose into the high 40s, including a reading of 50% in 2011, and has remained at these relatively high levels since. Less than a quarter of Americans have perceived in the last two years that...