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Business/Economy (News/Activism)

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  • Gallup Survey: Unemployment now up over 9%

    03/08/2012 9:21:46 AM PST · by SeekAndFind · 11 replies
    Hotair ^ | 03/08/2012 | Ed Morrissey
    The Bureau of Labor Statistics will release the official unemployment report for the month of February, but we have two previews this week to use as a gauge. First, the ADP report predicts a net growth of 216,000 jobs in the private sector, improved from last month’s ADP report and about in line with the official January results from the BLS: Employment in the U.S. nonfarm private business sector increased by 216,000 from January to February on a seasonally adjusted basis. The estimated advance in employment from December to January was revised slightly upwards to 173,000 from the initially reported...
  • Manhattan Moment: Whites hit hardest by public employee layoffs

    03/08/2012 8:46:47 AM PST · by Thunderballer · 13 replies
    The Washington Examiner ^ | 12/6/2011 | Steven Malanga
    A story appeared in The New York Times last week claiming that the downsizing of government is having a disproportionate impact on the economic fortunes of blacks because they are overly represented in government jobs. The Times then editorialized that this disproportionate impact was reason to pause and reconsider further government downsizing. Yet the Times' story, repeating a theme that others have echoed, ignores actual government data on public sector employment, which shows something quite different. In fact, it is whites who are somewhat more overrepresented in government relative to their position in the broader population, and it is whites...
  • U.S. Unemployment Up in February

    03/08/2012 8:27:45 AM PST · by khelus · 9 replies
    Gallup ^ | March 8, 2012 | Dennis Jacobe, Chief Economist
    U.S. Unemployment Up in February Underemployment is 19.1%, up from 18.7% in January PRINCETON, NJ -- U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December. . . . In addition to the 9.1% of U.S. workers who are unemployed, 10.0% are working part time but want full-time work. This percentage is similar to the 10.1% in January, but is higher than the 9.6% of February 2011. . . .
  • Miami Marlins president David Samson's speech sparks controversy

    03/08/2012 8:08:58 AM PST · by SoFloFreeper · 14 replies
    Marlins president David Samson has a long history of rubbing people the wrong way with his unvarnished, bottom-line style —from jettisoning fan favorites to his hardball dealings over the city’s new stadium. He appeared to step on another PR landmine Wednesday... “It was David was being David,” Lowell told The Miami Herald. “He said voters in Miami are not the smartest people in the world.’’
  • 5 Ways Government Could Cut Gasoline Prices Quickly

    03/08/2012 7:41:05 AM PST · by IBD editorial writer · 22 replies
    Investor's Business Daily ^ | 03/08/2012 | John Merline
    When President Obama talks about today's sky-high gasoline prices, he almost always laments that there's little anyone can do in the short term to bring them down. "There is no silver bullet" is his common refrain, one he used again at his press conference on Tuesday. But as gasoline prices reach historic highs — they've shot up more than 28 cents a gallon in just the past month — the government could make a dent.
  • Anonymous Not Anonymous Anymore to Hacked Off Drug Lords

    03/08/2012 7:06:31 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | March 8, 2012 | John Ransom
    Here’s a lesson to the Hackers for the 99%: You’re not anonymous once you get caught. And you’ll always get caught, because, um, the internet was designed by the Department of Defense. And that’s a group that doesn’t want anyone to remain anonymous for long.  In fact, they are so good at tracking people down-with extreme prejudice- that they can make sure a very large bomb fits in a very tiny place. But that’s not your biggest problem. No your biggest problem is that hubris led you to a confrontation with Mexican drug lords who have all sorts of contacts...
  • Video: Taxpayers subsidize wind-farm generation … and non-generation

    03/08/2012 6:56:56 AM PST · by SeekAndFind · 10 replies
    Hotair ^ | 03/08/2012 | Ed Morrissey
    Taxpayers have put out billions in subsidies over the last three years for Barack Obama's green-energy stimulus program, which has produced such success stories as Solyndra, Beacon Power, and Ener1. But what happens when taxpayers subsidize efforts that actually produce electricity? As people in the Pacific Northwest have discovered, they end up subsidizing green-power generation -- and non-generation: CLICK ABOVE LINK FOR THE VIDEO Wind farms in the Pacific Northwest — built with government subsidies and maintained with tax credits for every megawatt produced — are now getting paid to shut down as the federal agency charged with managing the...
  • Economic Outlook: Worse after the Election (Economy is getting better, but it won't last long)

    03/08/2012 6:52:38 AM PST · by SeekAndFind · 12 replies
    American Thinker ^ | 03/08/2012 | Jeffrey Folks
    Despite everything Obama has done to ruin it, the economy is getting better. And while a growth rate of 2.3% and an unemployment rate of 8.3% are not exactly worth bragging about, the president is doing just that. The direction of the economy, it seems, is more important than the record of the past three years. The problem is that the present direction is largely the product of this administration's unprecedented deficit spending and of monetary loosening on the part of the Fed. Once these forms of stimulus are withdrawn, as they must be after the election, the direction of...
  • Big Oil and Tax Breaks (Are Big Oil companies sucking money out of the Federal Treasury?)

    03/08/2012 6:44:09 AM PST · by SeekAndFind · 41 replies · 1+ views
    American Thinker ^ | 03/08/2012 | Randall Hoven
    To hear the president and Democrats talk, you'd think that Big Oil was sucking the Treasury dry with huge subsidies. Almost a year ago I wrote about the federal government's "subsidies" to Big Oil. I said then, "They are all tax 'breaks'... about $4.3 billion per year -- about 0.2% of this year's deficit and enough to fund about 10 hours of current US government spending." I was wrong. The tax breaks for all fossil fuels was not $4.3B in 2011. It was only $2.5B -- about 0.19% of that year's deficit, and enough to fund only six hours of...
  • On Iran and Entitlements, Obama Kicks the Can Down the Road

    03/08/2012 6:26:56 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | March 8, 2012 | Michael Barone
    Kicking the can down the road. That's been the Obama administration's response on issues from Iran's nuclear weapons program to America's entitlement systems. Start with Iran. In a statement in the Oval Office before his meeting with President Obama on Monday, Israeli Prime Minister Binyamin Netanyahu noted that Obama had "reiterated yesterday" the principle that "when it comes to Israel's security, Israel has the right, the sovereign right, to make its own decisions." That evening, speaking to the American Israel Public Affairs Committee, Netanyahu said: "Israel has waited patiently for the international community to resolve this issue. We've waited for...
  • The Not-So-Bitter Pill (Sandra Fluke's contraception-cost numbers don't add up)

    03/08/2012 6:15:26 AM PST · by SeekAndFind · 79 replies
    National Review ^ | 03/08/2012 | Charles C. W. Cooke
    The question of who controls health-care costs has been endlessly discussed, but it seems that we’ve all missed the answer: the media. In recent weeks, we have watched the cost of birth-control pills rise dramatically: Three weeks ago, in the infancy of the Sandra Fluke fracas, we were told that the annual cost was, at most, $600; then Fluke upped the ante, reporting $1,000 per year in her congressional testimony; and finally, her figure was widely misreported as being $3,000 per annum. This last spike seems to have been the messy byproduct of Fluke’s claim that $3,000 would be the...
  • Algae: Fuel of the Future? (And do we need government subsidies?)

    03/08/2012 6:13:14 AM PST · by SeekAndFind · 49 replies
    National Review ^ | 03/08/2012 | Nash Keune
    President Obama’s latest renewable-energy fixation is algae. During a speech at the University of Miami, he touted his administration’s $24 million investment in the fuel, saying, “Believe it or not, we could replace up to 17 percent of the oil we import for transportation with this fuel that we can grow right here in the United States.” In 2010, the DOE awarded $6 million to Arizona State University for the creation of the Sustainable Algal Biofuels Consortium (SABC), $9 million to the University of California, San Diego for the creation of the Consortium for Algal Biofuels Commercialization (CABC), and $9...
  • Arse Backwards: The Federal Reserve's Approach to the Housing Market

    03/08/2012 5:57:09 AM PST · by SeekAndFind · 7 replies
    Forbes ^ | 03/08/2012 | Steve Forbes
    In reaffirming its near 0% interest rate policy for another three years the Federal Reserve averred that this was ­necessary to revive the housing market, which, in turn, was necessary for the economy to revive. House building and the buying and selling of existing homes are meaningful parts of the economy. More important, from the Fed’s perspective a house is the biggest asset for millions of people; therefore, higher values mean owners will be more likely to spend. This reasoning is arse backwards. A strong economy—and minimal gov­ernment interference—would rapidly revive the housing market. People who want to buy houses,...
  • Gasoline: 70% off

    03/08/2012 5:52:13 AM PST · by Josh Painter · 4 replies
    Human Events ^ | March 7, 2012 | Newt Gingrich
    Six years ago, the New York Times profiled Charif Souki, the chairman of the Cheniere Energy company, which was building a nationwide network of natural gas import terminals. North American production of natural gas was declining, and Souki hoped to cash in on increased natural gas imports. Now, just a few years later, the price of natural gas has collapsed, largely due to an enormous increase in American supplies made possible by new discoveries and technologies. In January the Times ran another story on Mr. Souki. It was headlined, "U.S. Company, in Reversal, Wants to Export Natural Gas." His Cheniere...
  • Jobless claims rise, but labor market healing

    03/08/2012 5:48:47 AM PST · by Perdogg · 59 replies
    <p>New claims for unemployment benefits unexpectedly rose last week, a government report showed on Thursday, but not enough to change perceptions that the labor market was strengthening.</p>
  • Death threats leveled against Rush Limbaugh

    03/08/2012 5:46:18 AM PST · by NYer · 46 replies
    Human Events ^ | March 7, 2012 | John Hayward
    Dan Riehl at Breitbart.com hears the warm purr of liberal tolerance rumbling from the Left, which is growing somewhat vexed that radio host Rush Limbaugh hasn’t ceased to exist yet:The death threats to Rush are captured in several screen grabs of his Facebook page. "Execute Rush, now!" states one; "Don't just drop sponsorship someone kill this pig now please!!!!," reads another. These and others are documented below, with images and names obscured, so as to not be guilty of fueling the same targeted hatred the White House and Democrats have now gone to great lengths to stoke.[…] "I think karma...
  • Audio: Obama Tells SF Chronicle He Will Bankrupt Coal Industry (11/2/2008. Blast to the past)

    03/08/2012 5:03:04 AM PST · by tobyhill · 20 replies
    newsbusters ^ | 11/2/2008 | By P.J. Gladnick
    Imagine if John McCain had whispered somewhere that he was willing to bankrupt a major industry? Would this declaration not immediately be front page news? Well, Barack Obama actually flat out told the San Francisco Chronicle (SF Gate) that he was willing to see the coal industry go bankrupt in a January 17, 2008 interview. The result? Nothing. This audio interview has been hidden from the public...until now. Here is the transcript of Obama's statement about bankrupting the coal industry (emphasis mine): Let me sort of describe my overall policy. What I've said is that we would put a cap...
  • Obama Administration: No Confidence in Nuclear Energy

    03/08/2012 4:32:35 AM PST · by IbJensen · 31 replies
    Right Side News ^ | 06 March 2012 | Jack Spencer and Cornelius Milmoe
    A major public concern about nuclear reactors has been that the spent nuclear fuel could remain stranded at the reactor site indefinitely. In the 1970s, courts prohibited the Nuclear Regulatory Commission from licensing new reactors unless it assured the public that the waste would be removed—a requirement called the “waste confidence” rule. President Obama’s decision to abandon plans for removing the waste to the Yucca Mountain repository in Nevada creates an uncertainty that could be a barrier to the expansion of nuclear power. Two nuclear policy experts argue that the 1982 Nuclear Waste Policy Act provides sufficient confidence that spent...
  • Carl Levin calls for hearing on plans to cut Selfridge personnel by one-third

    03/08/2012 4:27:33 AM PST · by equaviator · 10 replies
    Macomb Daily ^ | March 7 2012 | Chad Selweski
    U.S. Sen. Carl Levin has scheduled a March 20 hearing of his Senate Armed Services Committee to scrutinize Air Force plans to cut Air National Guard troops across the nation, including a one-third reduction of military personnel at Selfridge Air National Guard Base. An Air Force report concludes that eliminating Selfridge’s 24 A-10 Thunderbolt aircraft while adding four KC135 air refueling tankers would cost the Harrison Township base 720 jobs. But the Michigan National Guard said errors in the Air Force count puts the true number at 561, compared to an overall troop force at Selfridge of 1,586. In a...
  • Wanted: Deus Ex Machina [There are none so blind...]

    03/08/2012 1:12:28 AM PST · by Cincinatus' Wife · 12 replies
    The National Review ^ | March 7, 2012 | Michael Walsh
    Rich [Lowry], you have nailed it re the necessity of defeating Barack Obama this fall. But how to do it? Despite Romney’s wins yesterday, there’s still a so-what air about his candidacy; he’s like one of those seat-warmers at the Oscars who slips into the vacancies so as to give the continuing illusion of a packed house. He’s a passionless candidate with a passionless following at a time that positively demands passion in order to counter the great Axelrod Media Machine, the wholly owned subsidiary of the Democratic party and its functioning propaganda arm. Take the latest Romney “tax” plan....