Business/Economy (News/Activism)

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  • Surging oil prices weighing on markets

    02/27/2012 4:59:21 AM PST · by Hojczyk · 46 replies · 1+ views
    Yahoo Finance ^ | February 27,2012 | Pan Pylas
    Surging oil prices weighing on markets amid fears they could choke off economic growth Sky-high oil prices weighed on markets Monday as investors worried that the increases could choke off a burgeoning economic recovery, particularly in the U.S. Sentiment in the markets has been buoyed in recent weeks by a seeming calm in Europe's debt crisis and a run of strong U.S. economic data, particularly with regard to jobs. One side-effect of the positive U.S. economic newsflow has been to put upward pressure on oil prices. Despite a modest retreat back below $109 a barrel Monday, the benchmark New York...
  • Video: Newt Responds to President Obama’s Energy Speech

    02/27/2012 2:18:50 AM PST · by Marguerite · 27 replies
    newt.org ^ | February 26, 2012 | Newt Gingrich
    At the California GOP Convention, Newt Gingrich methodically takes apart President Obama’s anti-American energy speech from earlier this week. $2.50 Gas is a Reality We Can Achieve - Newt Responds To Obama's Energy Speech
  • German tax collectors in Athens

    02/26/2012 11:21:32 PM PST · by bruinbirdman · 12 replies
    Athens News ^ | 2/25/2012
    More than 160 German financial services executives are willing to come to Greece in order to strengthen the Greek tax mechanism, according to a report to be published in the German magazine 'Wirtschafts Woche', which will be released on Monday. The magazine cites German deputy finance minister Hans Bernhard Beus, who explains that a key factor is the knowledge of a foreign language - some of them speak Greek - while the return to active duty of retired tax collectors should not be ruled out. Hans Bernhard Beus Many come from the state of North Rhine-Westphalia, whose finance minister, Norbert...
  • Greece: Eurogroup head cannot rule out third bailout

    02/26/2012 10:40:34 PM PST · by bruinbirdman · 4 replies
    Athens News ^ | 2/25/2012
    Asked on Friday in a television interview if he could be sure Greece would not need a third bailout, The head of the Eurogroup of eurozone finance ministers, Jean-Claude Juncker said: "You cannot really exclude that, although we should not have as a starting assumption that a third programme will be (needed)." "We made it clear last Tuesday in Brussels that we are standing ready to support Greece even beyond the time period of this programme but I have good reasons to believe that we should now not engage ourselves in a debate on a 'maybe' third programme. We should...
  • Stock Market Picks 90 Percent of Presidential Elections

    02/26/2012 10:13:13 PM PST · by Innovative · 12 replies · 1+ views
    Yahoo Finance/ US News ^ | Feb 24, 2012 | Lauren Fox
    Since this article is originally from US News, which cannot be excerpted, no excerpt, but brief description in my comments section. For more detail, please see article at the link.
  • EU: It may well turn out that we are watching not a Greek but a euro tragedy

    02/26/2012 9:59:57 PM PST · by bruinbirdman · 8 replies
    The Telegraph ^ | 2/26/2012 | Roger Bootle
    Another week, another euro "solution". According to last week's plan, by 2020 the ratio of Greek national debt to GDP will be down to 120.5pc. You don't really need to know much more to see that we are in cloud cuckoo land. Anyone who is forecasting a debt ratio down to the nearest 0.5pc in 2020 is trying to fool either us or themselves. We are by now so familiar with Greece's woes that bail-out fatigue has set in. But it is worth looking closely at the key economic numbers and pinching yourself. Since the beginning of 2008, Greek real...
  • G20 leaders insist no more IMF cash unless eurozone boosts financial firewall

    02/26/2012 8:38:47 PM PST · by bruinbirdman · 2 replies
    The Telegraph ^ | 2/26/2012 | Richard Blackden, and Louise Armitstead
    The world's leading economic powers said they would not stump up more cash to fight Europe's debt crisis until the eurozone members increase their own contributions, in a move that piles pressure on this week's Brussels summit. A communique agreed by G20 finance ministers in Mexico City last night said a decision by eurozone leaders to boost their own firewall was "essential" before any more external resources were allocated via the International Monetary Fund (IMF). "Euro area countries will reassess the strength of their support facilities in March. This will provide an essential input in our ongoing consideration to mobilise...
  • Need for drilling becoming clearer

    02/26/2012 6:09:17 PM PST · by Graybeard58 · 22 replies
    Waterbury Republican-American ^ | February 26, 2012 | Editorial
    As he kicks his re-election campaign into high gear, President Obama has sought to portray himself and his Democratic allies as the champions of the common person against Republicans who couldn't give a hoot about non-millionaires. While this might seem like a winning talking point, Democrats have failed average Americans in a big way. Their party's adherence to the environmental lobby has resulted in missed opportunities for oil and gas exploration. Had Democrats been tethered to reality, Americans struggling with unemployment and increased gasoline prices would be in better shape today. In his Jan. 24 State of the Union address,...
  • Obama prepares to fight gas prices with new bumper sticker

    02/26/2012 5:46:26 PM PST · by SeekAndFind · 29 replies
    Hotair ^ | 02/26/2012 | Jazz Shaw
    People are increasingly concerned about the possibility of crippling gas prices this summer, perhaps none more so than Barack Obama. And you can rest assured that he’s getting ready to do something about it. His plan? We’re going to figure out a solution which involves a new way to talk about it. President Barack Obama will try to head off the political impact of rising gasoline prices as Republicans vow to make the price at the pump an issue in the 2012 election campaign.Obama this week plans events focusing on his administration’s efforts to expand domestic exploration and development of...
  • EU: Spanish revolt brews as national economic rearmament begins in Europe

    02/26/2012 5:44:29 PM PST · by bruinbirdman · 23 replies
    The Telegraph ^ | 2/26/2012 | Ambrose Evans-Pritchard
    Spain's new prime minister has looked into the abyss and recoiled. Though he swept into office as an apostle of orthodoxy, Mariano Rajoy has since delved into Madrid’s ghastly accounts and concluded that it would be "suicidal" to try to slash the budget deficit from 8pc of GDP to 4.4pc of GDP this year, as demanded by Europe's fiscal Calvinists. Such a policy would require a further €40bn or €50bn of cuts and accelerate the downward spiral already underway, beyond the 1.7pc contraction expected this year by the International Monetary Fund. The unemployment rate would rise to well over 25pc...
  • Boers in Georgia

    02/26/2012 5:33:50 PM PST · by DeaconBenjamin · 27 replies
    The Economist ^ | Feb 23rd 2012
    FEW people would include “farmer” in a list of the world's most dangerous occupations. But a South African might. With rural land ownership a particularly contentious part of apartheid’s legacy, over 3,000 predominantly white farmers have been killed in attacks on their farms since 1994. Some people resort to self-defence. A South African farmer told Eurasianet last year that a typical evening would be spent “sat outside [on the porch] with a gun and a radio [walkie-talkie]". On top of that, farmers feel nervous about the government, not least because of mooted land reforms that could threaten their farms In...
  • [Chancellor of the Exchequer] Osborne: UK has run out of money

    02/26/2012 5:10:25 PM PST · by bruinbirdman · 23 replies
    The Telegraph ^ | 2/26/2012 | Rowena Mason
    The Government 'has run out of money' and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted. In a stark warning ahead of next month’s Budget, the Chancellor said there was little the Coalition could do to stimulate the economy. Mr Osborne made it clear that due to the parlous state of the public finances the best hope for economic growth was to encourage businesses to flourish and hire more workers. “The British Government has run out of money because all the money was spent in the good years,” the Chancellor said. “The money and the investment...
  • The price of cooking the books

    02/26/2012 4:44:22 PM PST · by DeaconBenjamin · 23 replies
    The Economist ^ | Feb 25th 2012
    <p>HISTORY has left Argentines with more than their share of economic trauma. Having twice suffered destructive bouts of hyperinflation in the late 1980s, they are sensitive to rising prices. When they spot inflation their instinct is to dump the peso and buy dollars. But after the economy collapsed in 2001-02, horror at mass unemployment temporarily eclipsed the public’s fear of inflation. That has been the successful political calculation of the president, Cristina Fernández, and her late husband and predecessor, Néstor Kirchner. For years they stoked an overheating economy with expansionary policies. Faced with the resulting rise in inflation, their officials resorted to price controls—and to an extraordinarily elaborate deception to conceal the rise.</p>
  • A killer ‘stimulus’: Minimum-wage madness

    02/26/2012 3:58:06 PM PST · by BfloGuy · 9 replies
    New York Post ^ | 2/23/2012 | Steven Malanga
    In his budget address on Tuesday, New Jersey Gov. Chris Christie proposed cutting income taxes to make the state more competitive in the race for jobs and investment. But even as Christie struggles to improve the business environment, Democrats and some Republicans in Trenton are working to undermine it with a proposal to boost the state’s minimum hourly wage to $8.50 from $7.25 and then index future increases to inflation. Their proposal, rapidly gaining steam, mirrors one that Democrats in Albany are pushing Gov. Cuomo to endorse. Supporters tout the move — which would give Jersey one of the highest...
  • Justices weigh foreigners' suits vs. companies

    02/26/2012 12:45:08 PM PST · by SmithL · 2 replies
    Associated Press ^ | 2/26/12 | MARK SHERMAN
    WASHINGTON (AP) -- Corporations and human rights groups are squaring off in a Supreme Court fight over whether foreign victims of war crimes, killings and other atrocities can haul multinational companies into American courts and try to prove they were complicit in the abuses and should pay damages. The rights groups say a 223-year-old law gives foreigners such as Nigerian-born Charles Wiwa the right to try to hold businesses accountable for the roles they play in atrocities. Energy and mining companies have been among the most frequent targets of these lawsuits in recent years following efforts by the military in...
  • Green energy company given fed. stimulus funds lays off 125 workers, gives pay raise to executives

    02/26/2012 12:06:52 PM PST · by matt04 · 9 replies
    An electric car battery company reportedly has laid off 125 employees since receiving $390 million in government subsidies, but is still handing out big pay raises to company executives. A123 systems, which was touted as a stimulus "success story" by former Gov. Jennifer Granholm, D-Mich., had a net loss of $172 million through the first three quarters of 2011, according to the Washington Examiner's "Beltway Confidential" blog, citing a report from the Michigan-based Mackinac Center for Public Policy. A123's primary customer, Fisker Automotive, is also struggling financially. "Yet, this month A123’s Compensation Committee approved a $30,000 raise for [Chief Financial...
  • Barack in Sarah clothing

    02/26/2012 11:47:57 AM PST · by 2ndDivisionVet · 10 replies · 1+ views
    The Charleston Daily Mail ^ | February 26, 2012 | Don Surber
    Republicans have President Obama on the run. He has had to disguise himself and his stupid policies again — this time by donning the political garb of his arch rival. President Barack Obama looks pretty nice in Sarah Palin’s dress. And by dress, I mean her energy policy. He is now mouthing the very words he mocked 4 years ago when he said we don’t need to drill for oil. In 2008, Candidate Obama preached that if everyone just needs to check the air pressure in their tires, we’ll be fine. Ah, the mocker-in-chief boo-hooing about being mocked… (VIDEO AT...
  • Let people vote on wine in food stores

    02/26/2012 10:42:27 AM PST · by SmithL · 24 replies
    Knoxville News Sentinel ^ | 2/25/12 | Jarron Springer
    There are some who might wonder why the Tennessee Grocers and Convenience Store Association continues to push on with its effort to change state law to allow wine to be sold in retail food stores against what seem to be stacked odds. The answer is simple — it's something that a great number of our customers want, and our industry is based on taking care of our customers. Is there money to be made by retail food stores selling wine? Of course there is. What's driving our efforts, however, is the increasing number of customers who are frustrated that they...
  • Steel Winds project generates power, profit

    02/26/2012 10:21:27 AM PST · by NRPM · 25 replies · 1+ views
    Q: Is the project profitable? A: It’s absolutely profitable. It’s been profitable from Day One.
  • Nightmarish scenarios of the coming financial collapse [Japan]

    02/26/2012 8:32:49 AM PST · by DeaconBenjamin · 31 replies · 1+ views
    Japan Today ^ | Feb. 26, 2012 - 06:12AM JST | Kuchikomi
    After the Great Kanto Earthquake of 1923, notes Dokkyo University economics professor Takuro Morinaga in Weekly Playboy (March 5), Japan suffered a financial panic two years before the New York Stock Market crash of 1929. That precipitated the depression of Showa, with a drastic fall in property values and mass unemployment. Farmers, unable to cover their costs, sold their daughters.Japan’s current recession, says Morinaga, was set off by the Great Hanshin Earthquake in January 1995, after which an increase in the consumption tax from 3% to 5% resulted in a drop of 40 trillion yen in Japan’s nominal gross domestic...
  • One hour and $260 can get you phony green card, soc. security and driver's license

    02/26/2012 8:04:49 AM PST · by rellimpank · 13 replies
    New York Post ^ | 26 feb 2012 | CANDICE M. GIOVE
    It’s a passport to trouble — and it can be bought for just $260 on the streets of Jackson Heights, Queens. In just one hour, The Post was able to buy a phony green card, Social Security card and New York state driver’s license from a stranger on a corner — all of which could serve as a gateway to obtain legitimate IDs. The cards are frighteningly real — convincing enough to fool creditors, potential employers and security at buildings and even the airport. Experts said the biggest fear is that these IDs are being bought by people who slipped...
  • U.S farmers angry over Iraq buying basmati rice from India

    02/26/2012 7:55:56 AM PST · by MBT ARJUN · 33 replies · 4+ views
    DAYTON, Texas - The talk of the day among Ray Stoesser and other rice farmers is Iraq's decision not to buy U.S. rice, a stinging move that adds to a stressful year punctuated by everything from drought to unusual heat. Stoesser and other farmers know Iraqis struggled during the U.S. invasion and subsequent occupation. They know most countries , and people , buy based on price. But at the moment, with production costs rising, export markets shrinking and rice prices dropping, it's difficult to be rational and suppress emotions so intimately intertwined with their land and livelihood. "That's just not...
  • Julius Bernstein was the last Jewish mobster

    02/26/2012 5:48:22 AM PST · by AtlasStalled · 25 replies
    New York Daily News ^ | 2/25/12 | Greg B. Smith
    Julius Bernstein was a relic of a different era: Raised in the Depression, a genuine World War II hero — and the last of New York’s great Jewish gangsters. While the Brooklyn native connived for decades in anonymity, his once-secret FBI file — obtained by the Daily News — exposes for the first time a life devoted to earning crooked cash with the Genovese family. * * * When he finally flipped and became a federal informant shortly before his October 2007 death, no one was more surprised than the gangster known as Spike. “Wiseguys trust me,” he said on...
  • "Shale Gas Wars: From Pennsylvania to North Carolina."

    02/26/2012 5:41:26 AM PST · by greenwill · 6 replies · 1+ views
    John Locke Foundation ^ | 02/24/12 | John Locke Foundation
    The John Locke Foundation and the Jesse Helms Center Cordially invites you to a meeting of the Shaftesbury Society with our special guest Dr. Daniel I. Fine - Research Associate - Mining and Minerals Resources Institute, MIT "Shale Gas Wars: From Pennsylvania to North Carolina." More | Monday, February 27, 2012 12:00 pm Noon
  • Gingrich rails against Obama at CA GOP conv - point-by-point attack on Obama's energy speech

    02/26/2012 5:40:16 AM PST · by Cincinatus' Wife · 31 replies · 4+ views
    Los Angeles Times ^ | February 26, 2012 | Maria L. La Ganga
    ...Although most of his address was a point-by-point attack on Obama's recent energy speech in Miami, Gingrich also took the president to task for his response to the inadvertent burning of Korans at a U.S. military base in Afghanistan. Two American military officers were killed in a heavily secured compound by an unknown assailant Saturday, during nearly a week of angry anti-American protests. On Thursday, Obama had personally apologized for the burning of the holy books. "I find it very offensive as commander in chief that he is apologizing to the Afghans when in fact he should be demanding an...
  • Disabling Employment

    02/26/2012 5:40:03 AM PST · by harpu · 8 replies
    The Washington Times ^ | 02/24/12 | Editorial
    New Labor Department quota means fewer jobs for the handicapped The Labor Department is about to make it harder for the disabled to find a job. The new policy is a painful reminder why it is important to get away fast when the government says it is trying to help you. ... snip... Judging from the ADA's track record, this proposed regulation isn't going to help those with disabilities. When the ADA was enacted in 1990, some 60 percent of disabled men were employed. Five years later, that rate dropped to 49 percent. Today, almost 80 percent of people with...
  • Pelosi's Cartoonish Comments on Gas Prices

    02/26/2012 5:17:15 AM PST · by Kaslin · 47 replies
    Townhall.com ^ | February 26, 2012 | Chris Edwards
    The congresswomen’s comments are so cartoonish, I don’t even have to comment on them. But I thought Cato readers would like to know what the minority leader of the U.S. House is saying about rising gas prices. From a Nancy Pelosi press release today: Independent reports confirm that speculators are driving up the cost of oil, hurting consumers and potentially damaging the economic recovery. Wall Street profiteering, not oil shortages, is the cause of the price spike.We need to take strong action to protect consumers from this speculation. Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators...
  • Housing, the Bottom Is In (Utter BS)

    02/26/2012 5:02:53 AM PST · by Dr. Thorne · 15 replies
    Morningstart via Yahoo! ^ | Feb. 25, 2012 | Robert Johnson
    Economic news this week had its moments of drama, but it was otherwise basically sedate. The markets cheered at least a temporary resolution to the Greek debt crisis. Even more importantly, a reduction in Chinese bank reserve requirements showed that the Chinese government is willing to do whatever it takes to prevent its economy from slowing too much. Otherwise, there wasn't a lot of economic news this week except a batch of housing data that showed continued improvement. I believe the bottom in the housing market is definitely in. The main question from here is the pace of that improvement,...
  • California: Bankruptcy Upon the Union Altar

    02/26/2012 4:50:45 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | February 26, 2012 | Mike Shedlock
    Bondholders of Stockton, California debt are about to be punished as City Manager Takes Steps Toward Bankruptcy. Stockton, California, may take the first steps toward becoming the most populous U.S. city to file for bankruptcy next week because of burdensome employee costs, excessive debt and bookkeeping errors that misrepresented accounts, city officials said today. The Stockton City Council will meet Feb. 28 to consider a type of mediation that allows creditors to participate, the first move toward a Chapter 9 bankruptcy filing under a new state law. The council will also weigh suspending some payments on long-term debt of about...
  • “Tire Gauge Politics:” Obama Becomes The Status Quo On Energy

    02/26/2012 4:28:55 AM PST · by Kaslin · 4 replies · 1+ views
    Townhall.com ^ | February 26, 2012 | Austin Hill
    “What do you think are some of the important issues in this year’s presidential election?” My question was off-topic from the stated purpose of the interview, and my talk show guest seemed a bit caught off-guard. But I was even more surprised by his answer. It was early in the year 2000. Vice President Al Gore was ramping-up his presidential bid, while a bunch of Republicans were slugging it out for a chance to run against him. And although the dot com economic bubble was looking like it might be headed for a burst, the American economy was still...
  • A Challenge to Greenies: Make Me Shave My Head and Eat Dog Food

    02/26/2012 4:10:36 AM PST · by Kaslin · 13 replies · 1+ views
    Townhall.com ^ | February 26, 2012 | John Ransom
    ModMark wrote: From CNN Money: “Speaking at a World Petroleum Congress panel, OPEC Secretary General Abdulla Salem El Badri said the world has plenty of crude but that the number of barrels of oil changing hands in the financial markets is 35 times greater than the actual supply.The numbers he cited were 3 billion barrels per day traded on global exchanges, but only 76 million barrels per day in actual supply.‘Oil resources are clearly plentiful,’ said Badri, a Libyan. ‘Speculation is playing a very important part in inflating these prices.’”So 1 barrel of oil is traded 40 times on the...
  • Burning cash with gas

    02/26/2012 3:00:14 AM PST · by Cincinatus' Wife · 21 replies
    The Washington Times ^ | February 26, 2012 | Ted Nugent
    .........America’s economy is intrinsically aligned with fuel prices because the lifeblood of our economy is oil. Four-dollar-a-gallon gas will not just sting at the pump but also will put the squeeze on every American for milk and cookies at the grocery store and every product we purchase because they are all delivered to stores by truck. ...As gas prices continue to rise, consumer debt probably also will rise as American families, already strapped for cash, will use credit cards to pay for the increased fuel costs. Ultimately, higher gas prices put the squeeze on all things related to the economy,...
  • Newt has the right gas ideas

    02/26/2012 2:14:13 AM PST · by Cincinatus' Wife · 19 replies
    New York Post ^ | February 25, 2012 | Terry Keenan
    .......Newt stays in the race, and occasionally he dazzles. The reason? Gingrich’s ability to come up with a salient insight about key issues at least once a week. In other words, he has the “vision thing” in a race where it is sorely lacking in both parties. Such was the case this past week at the CNN debate in Mesa, Ariz., where Gingrich honed in on the No. 1 kitchen-table issue facing most Americans at the moment: gas prices that are headed to $5 a gallon and beyond. (On Friday, oil closed at an eye-popping $110 a barrel.) Gingrich has...
  • Portugal: Recession raises second bailout fears

    02/26/2012 1:17:09 AM PST · by bruinbirdman · 1 replies
    Presseurop ^ | 2/24/2012
    "Portuguese GDP forecast reinforces new bailout scenario", warns Público, the day after the European Commission predicted that Portugal will experience the second worst economic performance in the EU in 2012 – only surpassed by Greece. While the Portuguese government forecasts a 3% decline in GDP, Brussels goes further with 3.3%, in a macroeconomic climate full of "uncertainties". Economists speaking to the Lisbon daily believe that unemployment, currently at 14%, will continue to rise, and "with a growing recession, a new bailout will be inevitable. It’s just a matter of time,” said one. Another gloomily adds that forecasts are - "......
  • Newt Gingrich Campaign Rally in Everett, Washington

    02/25/2012 8:57:05 PM PST · by Marguerite · 45 replies
    ElectAd ^ | February 25, 2012 | Newt Gingrich
    – February 24 2012 Newt Gingrich holds a campaign rally at the Historic Everett Theater in Everett, Washington.
  • To Be Black at Stuyvesant High

    02/25/2012 12:51:13 PM PST · by reaganaut1 · 65 replies · 4+ views
    New York Times ^ | February 25, 2012 | FERNANDA SANTOS
    ... When the bell rings and the school’s 3,295 students spill out of classrooms into the maze of hallways, escalators and stairs like ants in a farm, blacks stand out because they are so rare. Rudi was one of 64 black students four years ago when she entered Stuyvesant, long considered New York City’s flagship public school. She is now one of 40. Asians, on the other hand, make up 72.5 percent of Stuyvesant’s student body (they are 13.7 percent of the city’s overall public school population), a staggering increase from 1970, when they were 6 percent of Stuyvesant students,...
  • Algae, European Gas Prices, and Born in the U.S.A (Must Read)

    02/25/2012 7:12:45 PM PST · by nhwingut · 19 replies · 1+ views
    NRO ^ | 02/25/2012 | Victor Davis Hanson
    As gas nears $5-a-gallon out west, the president, who has cancelled a key pipeline and frozen federal leases from Alaska to the East Coast, teaches us about American algae potential, in the way he used to emphasize the importance of tire pressure and “tune-ups.” He castigates the opposition for making political hay out of bad news, in the way he routinely did as a senator in compiling the most partisan voting record in the Senate. Energy Secretary Chu cannot and will not say a word about soaring gas prices, since he is on record not so long ago hoping that...
  • Yikes, gas prices climb again (through the roof)

    02/25/2012 6:12:30 PM PST · by Deo volente · 105 replies · 4+ views
    Orange County Register (CA) ^ | February 25, 2012 | MARLA JO FISHER
    Gas prices climbed higher Saturday, continuing to march ever-closer to the all-time average local high of $4.60 per gallon set in 2008. Jitters over the standoff in Iran's nuclear program have led to surging oil prices and unstable markets worldwide. Locally, a big refinery fire also hiked prices for motorists, with no end in sight.
  • Green company gets $390M subsidies, lays off 125

    02/25/2012 6:06:09 PM PST · by Hojczyk · 20 replies
    The Washington Examiner ^ | February 25,2012 | Joel Gehrke
    A123 Systems, an electric car battery company once touted as a stimulus "success story" by former Gov. Jennifer Granhom, D-Mich., has laid off 125 employees since receiving $390 million in government subsidies -- but is still handing out big pay raises to company executives. "[T]he company has laid off 125 employees and had a net loss of $172 million through the first three quarters of 2011," the Mackinac Center for Public Policy reports, observing that the company's primary customer, Fisker Automotive, is also struggling financially. "Yet, this month A123’s Compensation Committee approved a $30,000 raise for [Chief Financial Officer David]...
  • Democrats Eager to Exploit Anger Over Gas Prices (2006 Article- Dems are evil!)

    02/25/2012 5:25:38 PM PST · by Mark · 28 replies · 8+ views
    New York Slimes ^ | April 21, 2006 | MICHAEL JANOFSKY
    April 24, 2006 By MICHAEL JANOFSKY WASHINGTON, April 20 — Democrats running for Congress are moving quickly to use the most recent surge in oil and gasoline prices to bash Republicans over energy policy, and more broadly, the direction of the country. With oil prices hitting a high this week and prices at the pump topping $3 a gallon in many places, Amy Klobuchar, a Democratic Senate candidate in Minnesota, is making the issue the centerpiece of her campaign. Ms. Klobuchar says it "is one of the first things people bring up" at her campaign stops. To varying degrees, Democrats...
  • Democrats to Obama: Tap strategic oil reserve

    02/25/2012 5:03:50 PM PST · by Sub-Driver · 129 replies · 1+ views
    Democrats to Obama: Tap strategic oil reserve By: Darren Goode February 25, 2012 06:26 PM EST Gasoline prices are on a dramatic rise, and everybody's got advice for the White House. No surprise, Republicans are reviving their "Drill, Baby Drill" catcalls from 2008, but liberals in Washington are getting nervous and asking President Barack Obama to tap into the Strategic Petroleum Reserve as a potential panacea for escalating gasoline prices. Picking up on the themes of a speech he gave Thursday at the University of Miami, Obama used his weekly radio address Saturday to remind Americans of his view that...
  • Fear Marketing In The Shooting Industry: Will Crying Wolf Backfire(barf alert)

    02/25/2012 4:58:15 PM PST · by marktwain · 4 replies
    guns.com ^ | 23 February, 2012 | Paul M. Barrett
    With the 2012 Presidential election within striking distance and the “Obama Panic” of 2008 still a fresh memory in many shooters' minds, I’ve once again been hearing the phrase, “fear sells firearms” from both members of the press and people I know in the gun industry. And for good reason: a lot of firearm manufacturers, wholesalers, and retailers had a couple very good years, courtesy of the fear that the new Democratic president Barack Obama would lead a major push for gun control. But is this thinking good for shooters, gun rights and the industry as a whole? Biting the...
  • The False Dichotomy of Gun Rights vs. Property Rights

    02/25/2012 4:49:08 PM PST · by marktwain · 5 replies
    freelibertywriters.com ^ | 25 February, 2012 | Bruce W. Krafft
    The Tennessee legislature is working on a bill (Senate Bill 3002/House Bill 3560) to prevent businesses and employers from banning lawfully possessed firearms in the cars parked in their parking lot(s). According to a story on timesnews.net: "[Governor] Haslam told reporters Wednesday that he’s trying to work out a compromise between gun rights supporters and business groups. 'A lot of government is like that, it’s about getting the balance right,' he said after a speech to the Tennessee Hospital Association. 'This is one of those cases where you have property interests versus gun rights interests — both of which people...
  • Second Judge in State Backs Local Ban on Gas Drilling (NY)

    02/25/2012 4:10:43 PM PST · by neverdem · 15 replies · 2+ views
    NY TIMES ^ | February 24, 2012 | NA
    A New York State judge ruled on Friday that Middlefield, in Otsego County, can ban natural gas drilling within its borders. It was the second court ruling this week that affirmed local authority over the process known as hydrofracking. Middlefield, with about 2,100 residents, passed a zoning law last June prohibiting heavy industry uses of land, including oil and gas drilling. Three months later, a landowner who had leased 377 acres of land to a gas company for drilling sued the town, arguing that only the state could regulate natural gas drilling. The landowner, Jennifer K. Huntington, a dairy farmer...
  • Does Obama Deserve Credit for Increased Oil Production? Hint: No

    02/25/2012 2:19:05 PM PST · by Kaslin · 17 replies
    Townhall.com ^ | February 25, 2012 | Erika Johnson
    During his energy-policy speech on Thursday afternoon, President Obama was right when he said that even if we immediately greenlighted all of our energy projects and started to drill, drill, and drill some more, it would still take years for these actions to significantly affect the price of gasoline -- it does take some time to get the production and supply of said projects up and running. But, then the President also turned around and threw out a bunch of impressive statistics about how domestic oil production has only gone up during his administration, there are a record number of...
  • Malloy at the White House: A surrogate is born?

    02/25/2012 1:59:35 PM PST · by matt04 · 7 replies
    In town for the winter meeting of the National Governors Association -- and to strengthen his ties to the Obama administration -- Gov. Dannel Malloy can't hold back his enthusiasm for the president. Upon leaving the White House Friday after a meeting with President Obama, a group of Democratic governors was asked by an Associated Press reporter if the president could win their state. She had directed her question at governors of key "purple" swing states that can make or break a White House run. But Malloy, whose state is among the most loyally Democratic "blue" states, quickly stepped forward...
  • EU: German cabinet minister calls for Greek euro exit

    02/25/2012 1:44:33 PM PST · by bruinbirdman · 4 replies
    The Telegraph ^ | 2/25/2012 | Richard Blackden, in Mexico City
    Germany’s interior minister called for Greece to leave the eurozone on Saturday as hopes that the world’s richest countries would stump up more cash to help the International Monetary Fund (IMF) fight Europe’s debt crisis faded. Becoming the first member of Germany’s cabinet to openly call for a Greek exit, Hans-Peter Friedrich told Der Spiegel magazine that Greece’s chances of restoring its financial health would be greater outside the euro. “I’m not saying that Greece should be thrown out but rather to create incentives that it can’t say ‘no’ to,” he added. His comments came as eurozone leaders faced calls...
  • BP faces billions in fines as spill trial nears

    02/25/2012 11:13:38 AM PST · by Hojczyk · 8 replies
    Yahoo Finance ^ | February 25,2012 | Cain Burdeau
    On the cusp of a trial over the catastrophic 2010 oil spill in the Gulf of Mexico, phalanxes of lawyers, executives and public officials have spent the waning days in settlement talks. Holed up in small groups inside law offices, war rooms and hotel suites in New Orleans and Washington, they are trying to put a number on what BP and its partners in the doomed Macondo well project should pay to make up for the worst offshore spill in U.S. history. It is a complex equation, and the answer is proving elusive. The federal government, Gulf states, plaintiffs' attorneys,...
  • A Rebuke to Our Rudderless President

    02/25/2012 11:01:43 AM PST · by CitizenM · 21 replies · 1+ views
    powerline.com ^ | 2/25/12 | John Hinderaker
    President Obama has proclaimed himself helpless in the face of gasoline prices, which have doubled on his watch. He is just fated, apparently, to be a lousy president. Now that it is a little late to try to blame his predecessor, he is out of ammo. Today Senator Jeff Sessions tried to buck Obama up with a letter containing suggestions as to how the executive branch might take arms against a sea of rising gas prices, unemployment and poverty: The Honorable Barack Obama President The White House Washington, DC 20500 Dear Mr. President: I am writing today to urge your...
  • Quinnipiac: Most Americans Want Obamacare Repealed [Rasmussen and now Quinnipiac]

    02/25/2012 10:02:32 AM PST · by RobinMasters · 7 replies
    Newsmax ^ | FEBRUARY 25, 2012 | Paul Scicchitano
    A new poll by Quinnipiac University finds that most Americans, including independent voters, believe that the U.S. Supreme Court should strike down Obamacare. The poll, released late Thursday, found that 50 percent of voters and 51 percent of independent voters want the high court to overturn President Obama’s controversial healthcare reform law. In contrast, only 39 percent of voters and 37 percent of independent voters do not want the high court to take action. The poll found that most voters — 66 percent — believe the economy is in a recession while a slight majority — 54 percent — believe...