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 ^ | 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 ^ | 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 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....
  • Obama’s Internet police: Moves to regulate online commerce

    03/08/2012 1:01:58 AM PST · by 2ndDivisionVet · 6 replies
    The Washington Times ^ | March 6, 2012 | The Editors
    It’s the same old story. Ever since the Internet became popular, politicians have looked for a way to sink their claws into it. They hate the idea that the public might communicate and engage in commerce largely free from governmental red tape. So President Obama last month announced a Consumer Privacy Bill of Rights to give Uncle Sam more of a role in shaping the online experience. The idea is to exploit the recent, high-profile privacy controversies surrounding Google and Facebook. Some complain that these online giants are collecting too much personal information. Usually, public outrage about intrusive practices is...
  • Azerbaijan’s Arms Deal with Israel Raises Caucasus Tensions

    03/08/2012 12:27:33 AM PST · by bruinbirdman · 2 replies
    Already in 2012, two Iranian terrorist plots against Azerbaijan have been exposed, Moscow has substantially reinforced its garrisons in the Caucasus in expectation of a war involving Iran by this summer, and Russia has also warned Georgia against hosting US troops there for purposes of conducting such a war. These extraordinary moves testify to the importance the Caucasus has in conjunction with the possibility of a war against Iran. Therefore the recent announcement of a large-scale Israeli arms sale to Azerbaijan only adds to the high degree of tensions there. Israeli Hermes 450 Drone In late February, Israeli officials confirmed...
  • Syrian deputy oil minister announces resignation [defects]

    03/07/2012 10:25:39 PM PST · by bruinbirdman · 3 replies
    The Telegraph ^ | 3/8/2012 | Amy Willis
    Syria’s deputy oil minister has announced his resignation, saying he is instead joining the anti-government revolt against President Bashar Assad in a video posted on YouTube overnight. Abdo Hussameddin Abdo Hussameddin, 58, one of the highest ranking Syrian officials to defect since the uprising began one year ago, said he did not want to die “serving a criminal regime”. Mr Hussameddin, who served in the Syrian government for 33 years, also denounced Russia and China for backing the regime saying they were not "friends of the Syrian people but partners in the killing of the Syrian people". The resignation came...
  • Wind farms in Pacific Northwest paid to not produce

    03/07/2012 9:50:56 PM PST · by Hunton Peck · 38 replies ^ | March 07, 2012 | Dan Springer
    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 region's electricity grid says there's an oversupply of renewable power at certain times of the year. The problem arose during the late spring and early summer last year. Rapid snow melt filled the Columbia River Basin. The water rushed through the 31 dams run by the Bonneville Power Administration, a federal agency based in Portland, Ore., allowing for peak hydropower generation. At the very...
  • Putin’s Military: Let the Good Times Roll

    03/07/2012 8:37:54 PM PST · by bruinbirdman · 1 replies
    In the aftermath of the long-anticipated presidential election victory secured by Prime Minister Vladimir Putin on March 4, Russian media coverage of issues related to the future of the Armed Forces emphasize a bright future for the country’s conventional military power. However, as the country awaits some level of reshuffling or recalibrating “team Putin,” there are signs that the Defense Minister and the Chief of the General Staff may be sacrificed in the impending ministerial spring cleaning. Yet, beyond the personality clashes, the Kremlin’s information machinery is struggling to maintain the mirror tricks involved in supporting the complex mythology surrounding...
  • After outcry from right, Mitt Romney reverses stance on minimum wage

    03/07/2012 8:20:09 PM PST · by EveningStar · 27 replies
    Yahoo ^ | March 7, 2012 | Zachary Roth
    It didn't get much notice amid the buildup to Super Tuesday. But after conservative outcry over his support for raising the minimum wage, Mitt Romney quietly reversed his position this week.
  • Maryland’s ‘doomsday’ budget used as club

    03/07/2012 8:13:12 PM PST · by Tolerance Sucks Rocks · 7 replies
    The Washington Times ^ | March 6, 2012 | David Hill
    ANNAPOLIS — State budget analysts Tuesday suggested nearly $800 million in potential cuts as part of a “doomsday” budget that Senate leaders have vowed to consider if lawmakers cannot agree on a mix of cuts and revenue increases in this year’s spending plan. The analysts briefed the Senate Budget and Taxation Committee on the reductions, which include cuts to education and health services, elimination of 500 state jobs and more than $300 million in cuts of local aid to counties. Senate President Thomas V. Mike Miller Jr. said lawmakers are determined to make more aggressive cuts than those in Gov....
  • The true, tragic cost of British wind power

    03/07/2012 8:07:59 PM PST · by texas booster · 4 replies
    The Register ^ | 7th March 2012 | Andrew Orlowski
    Analysis Two studies published this week calculate the astounding cost of Britain's go-it-alone obsession with using wind turbines to generate so much of the electricity the nation needs. Both studies make remarkably generous concessions that favour wind technology; the true cost, critics could argue, will be higher in each set of calculations. One study reckons that the UK can still meet its carbon dioxide emissions targets and save £140bn – but only if it dumps today's inefficient hippie technology. The other puts the potential saving at £120bn – pointing out that the same amount of electricity could be generated using...
  • Obama touts southern half of Keystone pipeline

    03/07/2012 4:52:45 PM PST · by ColdOne · 10 replies ^ | 3/7/12 | Joel Gehrke
    President Obama touted the construction of an oil pipeline from Oklahoma to the Gulf of Mexico today as a sign of oil production under his leadership, even though his State Department originally killed that pipeline when it refused to permit the construction of the Keystone pipeline. "We just announced that we’ll do whatever we can to speed up construction of a pipeline in Oklahoma that’s going to relieve a bottleneck and get more oil to the Gulf -- to the refineries down there -- and that’s going to help create jobs, encourage more production," Obama said in North Carolina today....
  • Greedy Unions Raid Pensions, Then Blame Wall Street

    03/07/2012 5:37:02 PM PST · by Kaslin · 9 replies
    IBD Editorials ^ | March 7, 2012
    Politics: Reports from a variety of media reveal California state employees are spiking their pensions to stratospheric levels, leaving nothing for their brother employees. Sorry, can't blame Wall Street for this one. In a laudable instance of the mainstream media doing its job, the Los Angeles Times, the Sacramento Bee, Bloomberg News and City Journal have all exposed "pension spiking" by California public employees. Basically, they manipulate rigid unionized pay and promotion systems to raise their pensions well above what they earned during their working years. The Los Angeles Times on Saturday pieced together tough-to-get data from Kern and Ventura...
  • Positive Trends Emerging at Privately Held Companies

    03/07/2012 4:26:42 PM PST · by Redcat · 3 replies
    FOXBusiness ^ | March 7, 2012 | Mary Ellen Biery, Sageworks Inc.
    Business trends at privately held companies, those millions of businesses that drive job creation and the U.S. GDP, confirm that things are turning around from the worst economic climate in generations. Sageworks Inc. used its proprietary database of financial information on thousands of privately held companies to examine 2011 trends within key metrics of a company’s health: sales, net profit margin and debt-to-EBITDA. For the full year in 2011, revenue for all privately held U.S. companies analyzed increased about 8%, on average, accelerating from the nearly 5% increase in 2010. Sageworks’ data shows manufacturing and wholesale merchants led the growth,...
  • Greece on brink of default as bond deal falters

    03/07/2012 3:17:01 PM PST · by bruinbirdman · 7 replies
    The Telegraph ^ | 3/7/2012 | Louise Armitstead
    Less than half of Greece’s international creditors had agreed to a vital €206bn (£172bn) bond swap on Wednesday night, leaving Athens dangerously exposed to default. The Royal Bank of Scotland, Barclays and HSBC joined 30 European banks and institutions in declaring their acceptance of the deal - but the tally was still far short of the 95pc needed to avoid being officially declared in default. The International Institute of Finance (IIF), the body that has negotiated with the Greek government on behalf of bondholders, put out several announcements on Wednesday, counting the proportion of the vote as it inched up....
  • Pelosi Statement on President Obama’s Energy Initiatives

    03/07/2012 12:22:54 PM PST · by Sub-Driver · 9 replies
    Pelosi Statement on President Obama’s Energy Initiatives March 07, 2012 Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today on President Obama’s “all-of-the-above” energy initiative to spur the deployment of clean, advanced vehicles in our communities; increase and expand the advanced vehicle tax credit to cover a broader range of new technologies; accelerate the development of alternative-fuel trucks; and invest in research to make electric vehicles affordable and convenient for American consumers: “The President’s initiative is a bold step forward for clean energy and our economic growth. With Americans facing skyrocketing prices at the pump, Big Oil...
  • As Gas Prices Rise, Obama Pushes His Green Energy Money Laundering Operation

    03/07/2012 11:44:01 AM PST · by Kaslin · 20 replies
    Rush ^ | March 7, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Obama's press conference yesterday was amazing. No questions about the economy. There were very few questions about the budget, the debt, the lack of a budget, the debt. One person did ask -- Ed Henry of Fox asked -- about gasoline prices. And Obama said in answer, "Ed, just from a political perspective, do you think the president of the United States going into reelection wants gas prices to go higher? Is there anybody here who thinks that that makes a lot of sense?" Where was the follow-up? Where was the follow-up to this? "Mr. President, in...
  • [RUSH]Clearing Up Misinformation on Our Sponsors [28 or 32 -- numbers are coming from Media Matters]

    03/07/2012 10:56:36 AM PST · by fight_truth_decay · 24 replies ^ | (Mar 7, 2012) | RushLimbaugh
    BEGIN TRANSCRIPT RUSH: I want to ask if you will indulge me for just a brief few minutes for some inside baseball stuff before we move on to our review of the issues of the day, politics and so forth, Super Tuesday, the results, and where we are. The reason for this is, once again, so much misinformation about this program and advertisers is in the mainstream media. People are reporting things that, A, are not true, and B, I don't even think the people reporting it have the slightest idea what they're talking about, nor do they have the...
  • Next: Bankruptcy For A Whole Generation (that's what America's University System is doing)

    03/07/2012 10:34:45 AM PST · by SeekAndFind · 23 replies
    Testosterone Pitt ^ | 03/07/2012 | Wolf Richter
    Another student protest, another mass arrest. Monday, thousands of students from all over California snarled traffic during their march on the Capitol in Sacramento. Hundreds of students then flooded the Rotunda of the Capitol, a somewhat raucous affair. Eventually, the California Highway Patrol cleared them out, and 60 were carted off and thrown in the hoosegow for trespassing and resisting arrest.Their problem: tuition increases. Already, tuition in California's state schools has tripled over the last decade, and state budget cuts will induce universities to jack up tuition again. But the state is out of money. And so it's struggling in...
  • 16 Cities Likely to Declare Bankruptcy

    03/07/2012 10:00:02 AM PST · by doug from upland · 23 replies
    16 Cities Likely to Declare Bankruptcy Posted @ 1/12/2011 5:30 AM By Money Tree Posted in [Budget & Spending] | 2 Comments Will 2011 be the year of municipal default? Here is a list of 16 cities likely to face bankruptcy, as reported by Business Insider. San Diego, Ca. Deficit through June 2012 : $73 million Budget in FY2011: $2.85 billion Annualized gap: 1.7% The city's official have tried curbing the deficit by increasing sales taxes, but residents of the city strongly oppose this and have voted it down. San Diego already cut over $200 million over the past two...
  • 'Brosiery' and 'mantyhose' take off

    03/07/2012 8:50:15 AM PST · by AtlasStalled · 90 replies
    Daily Mail ^ | 03/07/12
    If you thought men in tights was a sartorial statement best left to medieval jesters, think again. The underwear staple for women is making its way into wardrobes of the opposite sex - and the look is gaining popularity. If any were in doubt as to the strength of the trend, it even has its own name: Mantyhose.
  • Accused Manhattan madam Anna Gristina reaped all of her millions in cash, source says

    03/07/2012 8:43:36 AM PST · by AtlasStalled · 19 replies
    She was the $10 million madam. Anna Gristina’s stable of 50 high-class hookers and the sexual appetites of her highflying clientele helped her reap millions of dollars — all of it cash, sources told the Daily News. * * * The Manhattan district attorney also reportedly has evidence that the married mother of four was involved in a money-laundering operation with an ex-IRS agent and Russian immigrants in Brooklyn, sources said.
  • Facebook Claimant Ceglia Hires Milberg for Zuckerberg Case

    03/07/2012 8:37:30 AM PST · by AtlasStalled · 1 replies · 1+ views
    A New York man suing Facebook Inc. for a large ownership stake that he claims to be owed has retained new lawyers to represent him as the social site nears an initial public offering of stock. Paul Ceglia, who sued Facebook in 2010 and says he is entitled to a 50% stake in the firm thanks to an early arrangement with Chief Executive Mark Zuckerberg, has retained Milberg LLP to represent him, according to court filings and a statement issued by the firm on Monday.
  • Electric cars and liberals’ refusal to accept science

    03/07/2012 8:26:57 AM PST · by Hojczyk · 25 replies
    The Washington Post ^ | March 5, 2012 | Charles Lane
    President Obama boasted at a United Auto Workers conference last week that General Motors was back in business, producing cutting-edge vehicles like the plug-in electric Chevrolet Volt. He even promised to buy one when his time in office ends “five years from now.” Whoops! Just three days later, GM announced that it would suspend Volt production for five weeks this spring, idling 1,300 workers at a Hamtramck, Mich., factory. Alas, Obama’s endorsements notwithstanding, there’s not much of a market for this little bitty car, at least not at the price of almost $32,000 — after a $7,500 federal tax rebate....
  • Va. Supreme Court rules in Merck class action

    03/07/2012 6:51:17 AM PST · by Miami Vice · 5 replies
    Legal Newsline ^ | 3-7-12 | MichaelP. Tremoglie
    The Virginia Supreme Court has issued a ruling in the case of Casey v. Merck & Co. The United States Court of Appeals for the Second Circuit had asked the Virginia court to rule on two issues regarding Virginia law and a statute of limitations for class actions. A class action was filed ...
  • Obama Unveils New J.P. Morgan, Wells Fargo Bailout Plan, Disguised as Mortgage Relief

    03/07/2012 5:50:47 AM PST · by Kaslin · 11 replies ^ | March 7, 2012 | Mike Shedlock
    Under guise of helping homeowners, president Obama has finalized his plan to further aid banks. Please consider Obama's alleged Mortgage Relief Plan. The White House on Tuesday announced it was cutting the mortgage fees charged by the Federal Housing Administration’s refinancing program in another effort to help the languishing housing market recover. President Barack Obama will announce the move at an afternoon press conference, his first since November. An estimated 2 million to 3 million FHA borrowers will be eligible to benefit from the revamped program, the White House said in a statement. The measures to be announced by Obama...
  • NY protesters rally against unemployment

    03/07/2012 5:01:23 AM PST · by NRG1973 · 27 replies
    Press TV ^ | March 7, 2012 | N/A
    An estimated 5000 demonstrators have formed a five-kilometer line in downtown New York to protest unemployment in the United States, an event aimed at drawing notice during the Super Tuesday primaries. The marchers carried pink slips, the traditional symbol of job layoffs, as they formed a procession from Wall Street to Union Square along Broadway, a distance of some five kilometers, in a 14-minute protest. 'We are forming a single line to represent the 14 million unemployed in America. It's a representation of an unemployment line, the longest unemployment line in the world,' said Yana Landowne, one of the organizers....
  • Romney's Pending Sellout on Global Warming (revive cap and trade)

    03/07/2012 4:47:44 AM PST · by Cincinatus' Wife · 13 replies
    The American Spectator ^ | March 7, 2012 | Peter Ferrara
    ......Romney's Developing Sellout on GlobalWarming But those conservatives and Tea Party patriots overlooking Romney'sRomneycare apostasy to still vote for him in the primaries are setting themselves up to be gravely disappointed again on this issue. As Governor of Massachusetts, Romney appointed to state office Obama science czar JohnHoldren, a wacky far out leftist, and Obama EPA AssistantAdministrator GinaMcCarthy, who is writing and implementing all of the Obama restrictions on power plants. Among the advisors to the Romney campaign on these issues today is JamesConnaughton, formerly head of the Bush WhiteHouseCouncil of EnvironmentalQuality, and a long time ardent supporter of cap...
  • Israel is World Leader in Medical Marijuana Use

    03/07/2012 4:22:54 AM PST · by AnTiw1 · 37 replies
    The Jerusalem Post ^ | 03/06/12 | Lahav Harkov
    Anesthesiologist and pain relief expert tells Knesset Committee on Drug Abuse that Israel is leader in the field. By MCT Israel is the world leader in medical marijuana use, anesthesiologist and pain relief expert Dr. Bareket Schiff- Keren told the Knesset Committee on Drug Abuse on Tuesday.
  • Media Fact Checking as Useful as Nobel Prize

    03/07/2012 4:21:02 AM PST · by Kaslin · 3 replies ^ | March 7, 2012 | John Ransom
    When Mitch Daniels claimed that Obama and his Energy Secretary Steven Chu have a “conscious” policy of raising gas prices, the super hero fact checkers at the Halls of Social Justice and Income Inequality Redress, also known as the Washington Post, swung into action. The Ambiguously Liberal Duo of the Post’s Glenn Kessler and Poster side-kick, Josh Hicks, headlined a rebuttal to Daniels titled: “Mitch Daniels’s unfounded claim: President Obama wanted higher gas prices.” Daniel’s claim was awarded a shameful 3 Pinocchios by Kessler, which is just below candidate Michelle Bachmann’s lifetime average of 3.08 Pinnochios.   . “We can’t be...
  • It Just Ain't So

    03/07/2012 3:47:52 AM PST · by Kaslin · 6 replies ^ | March 7, 2012 | Walter E. Williams
    The U.S. Census Bureau reports that 2011 manufacturing output grew by 11 percent, to nearly $5 trillion. Were our manufacturing sector considered a nation with its own gross domestic product, it would be the world's fourth-richest economy. Manufacturing productivity has doubled since 1987, and manufacturing output has risen by one-half. However, over the past two decades, manufacturing employment has fallen about 25 percent. For some people, that means our manufacturing sector is sick. By that criterion, our agriculture sector shares that "sickness," only worse and for a longer duration. In 1790, 90 percent of Americans did agricultural work. Agriculture is...
  • Vulture Capitalism

    03/07/2012 3:39:36 AM PST · by Kaslin · 13 replies ^ | March 7, 2012 | John Stossel
    Now that Mitt Romney is likely to be the Republican nominee, we can expect new attacks on his "vulture capitalism." That's how Rick Perry characterized his private equity work. Newt Gingrich's supporters ran an ad about Romney's firm, Bain Capital, that said, "Their greed was only matched by their willingness to do anything to make millions in profits." Give me a break. "Greed" means you want more for yourself. Fine. If you obtain it legally, without force or privilege -- say, by buying a business and making it more efficient, or shifting resources to where consumers prefer them -- that...
  • The Fed: Oops, we're doing it again!

    03/07/2012 2:58:35 AM PST · by OwenKellogg · 5 replies
    American Thinker ^ | March 6, 2012 | Frank Ryan, Colonel, USMCR (Retired)
    The Fed: Oops, we're doing it again! By Frank Ryan No sooner had the housing market bubble burst in 2008 than the culprit for the real estate bubble was identified, in part, as the teaser interest rates. Teaser interest rates, also called adjustable rate mortgages, are very low short-term interest rates which reset to more normal longer term rates after a period of time. These teaser interest rates allegedly enabled people to buy a type or size of home beyond that which they ordinarily might have afforded due to very low initial monthly payments. When these interest rates reset after...