Business/Economy (News/Activism)

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  • French 75 pct tax rate would last years -Hollande aide

    04/13/2012 5:47:17 PM PDT · by TigerLikesRooster · 20 replies
    Reuters ^ | 04/10/12
    French 75 pct tax rate would last years -Hollande aide PARIS, April 10 | Tue Apr 10, 2012 11:26am EDT (Reuters) - The 75 percent tax rate that French presidential frontrunner Francois Hollande wants to slap on income over 1 million euros will be kept in place for many years, in line with the broader debt reduction effort, a top adviser to the Socialist candidate said on Tuesday. In an interview with Reuters, Hollande adviser Michel Sapin said the 75 percent rate was more a symbolic measure than a big moneyspinner for the state but should stay in place for...
  • Judge:Gov't cannot require union posters at work

    04/13/2012 5:38:23 PM PDT · by mdittmar · 6 replies
    TuscaloosaNews.com ^ | April 13, 201 | SAM HANANEL Associated Press
    A federal judge ruled Friday that the National Labor Relations Board cannot require millions of private employers to put up posters informing workers of their right to form a union. U.S. District Judge David Norton in South Carolina said the labor board exceeded congressional authority when it approved the poster requirement last year.The decision Friday conflicts with a ruling last month by another federal judge in Washington, D.C., who found the posters were a reasonable means to make workers aware of collective bargaining rights.Both lawsuits were brought business groups that claim the posters are too one-sided in favor of unions....
  • Obama Has No Real Plan Other Than Class Warfare

    04/13/2012 5:23:06 PM PDT · by Kaslin · 26 replies
    IBD Editorials ^ | April 13, 2012 | MARK STEYN
    In the end, free societies get the governments they deserve. So, if the American people wish to choose their chief executive on the basis of the "war on women," the Republican theocrats' confiscation of your contraceptives or whatever other mangy and emaciated rabbit the Great Magician produces from his threadbare topper, they are free to do so, and they will live with the consequences. This week's bit of ham-handed misdirection was "the Buffett Rule," a not-so-disguised capital-gains tax hike designed to ensure that Warren Buffett pays as much tax as his secretary. If the alleged Sage of Omaha is as...
  • iPhone app projects user household tax payments for federal deficit

    04/13/2012 4:31:30 PM PDT · by Eyes Unclouded · 7 replies
    Daily Caller ^ | 04/12/2012 | Staff
    U.S. taxpayers can now use their iPhone to compare how much different plans to tackle the federal deficit would cost them in their yearly income taxes. Debt Bomb — based on the U.S. tax code and publicly available data from the Congressional Budget Office and other government sources — allows users to project how a raise in taxes would cost in their personal income taxes over the years. In order to make a projection, users input basic income tax data — modeled after what a household pays in taxes — into the app. “Debt is going to be one of...
  • Podcast: I Spy Minute - The role of Speculation: Oil & Gas

    04/13/2012 4:25:16 PM PDT · by greenwill · 1 replies
    I Spy Salem ^ | 04/14/2012 | ISpyOnSalem
    What do money markets, antiques, gold, corn, wheat, and stocks in companies like Google or Apple have in common? They’re bought by speculators.
  • EDITORIAL: Obama’s tax hike patriotism

    04/13/2012 3:53:31 PM PDT · by jazusamo · 6 replies
    Washington Times ^ | April 12, 2012 | Editorial
    Wrapping the flag around big-government excess isn’t going to workVice President Joe Biden says paying higher taxes is patriotic. He must have forgotten that America was founded on a tax revolt. While pitching the Obama administration’s plan on Thursday to boost the burden on upper-income groups, Mr. Biden said, “Wealthy people are just as patriotic as middle-class people, as poor people, and they know they should be doing more.” This skewed take on patriotism was quickly retweeted by the White House. The message fits with the shameful class-warfare appeals that claim tax hikes are needed to keep firefighters on the...
  • Addressing Climate Change through Diet

    04/13/2012 3:18:09 PM PDT · by Oldeconomybuyer · 24 replies
    Voice of America ^ | April 13, 2012 | by Joe DeCrapua
    A new study says one of the best ways to curb greenhouse gas emissions is to eat less meat. In fact, the study says meat consumption in the developed should be cut by 50 percent per person by 2050. Dr. Eric Davidson said changing how people eat can have a dramatic effect on greenhouse gas emissions. People in developed countries, he said, already eat much more protein than the daily minimum requirement. Davidson looked for ways to ease the effects of climate change that would support an aggressive strategy laid out by the Intergovernmental Panel on Climate Change. In particular,...
  • DOL forcing media to use government computers ( unemployment numbers)

    04/13/2012 2:18:27 PM PDT · by Hojczyk · 15 replies
    The Washington Examiner ^ | April 13,2012 | Mark Tapscott
    Unrest is simmering in some quarters of the Washington news universe regarding changes in the way the Department of Labor (DOL) manages its pre-release media “lockups” on sensitive data like weekly jobless benefits and unemployment. For years, journalists participating in the lockups have shown up at DOL at the appointed time, then entered a limited-access area to receive the new data and prepare news stories for release as soon as official embargoes end. But Carl Fillichio, Labor Secretary Hilda Solis’ top communications advisor, circulated a memo earlier this week to interested media informing them that everybody is being required to...
  • Buffett Rule Doesn't Apply to Obama

    04/13/2012 1:14:25 PM PDT · by Kaslin · 6 replies
    Townhall.com ^ | April 13, 2012 | Kate Hicks
    No wonder President Obama is so keen on passing the Buffett Rule -- it wouldn't have affected his tax rate this year! Yes, that's right: the Obamas raked in less than $1 million this year. Therefore, in a "Buffett Rule" world, they wouldn't have to pay their "fair share." President Obama earned $789,674 in 2011, the White House announced on Friday. However, with this income, he does not even qualify for the so-called Buffett Rule that he has promoted relentlessly and the Senate will take up on Monday. The Buffett Rule calls for those making over $1 million a year...
  • Most Albertson's In Central Fla. To Close

    04/13/2012 10:42:17 AM PDT · by sheikdetailfeather · 28 replies
    ORLANDO, Fla. -- A Central Florida supermarket chain is about to close almost all of its local stores. It's part of a move by Albertson's to end the majority of its operations in the state. For the last year or so, Albertson's has been shrinking the number of stores it operates in Florida. In Central Florida, six more stores are going to close in the next few weeks. Only a store in Altamonte Springs will remain open. Albertson's says the Florida market is not good for it, and with fuel and utility costs being what they are, it's closing all...
  • Has the Trayvon Martin incident become more about the media than the shooting?

    04/13/2012 9:00:26 AM PDT · by marktwain · 12 replies
    qando.net ^ | 9 April, 2012 | Bruce McQuain
    If you’ve been following this incident at all, you know that much of what was initially reported was wrong and some of what has been reported since was false, manufactured and/or misleading. American Thinker has a good round up of the story to this point. In the article, Jeff Lipke outlines the “myth” as it was perpetrated by the media. The two worst offenders in my opinion have been NBC and ABC. NBC aired an edited 911 tape which was clearly meant to depict George Zimmerman as a racist. They continue to try to defend it as a “mistake”. No...
  • Obama, Scott both at Tampa airport Friday

    04/13/2012 8:59:18 AM PDT · by SoFloFreeper · 3 replies
    Friday afternoon could be busy at Tampa International Airport with President Obama making a stop there on his way to Colombia for the Summit of the Americas and Florida Gov. Rick Scott performing his eighth work day there. In his second visit to Florida in three days, Obama will make an appearance Friday afternoon at the Port of Tampa, where he is expected to announce trade initiatives with Latin America, pegged to the summit. The stop is not open to the public. On Tuesday, Obama spoke to a crowd of 4,500 at Florida Atlantic University in Boca Raton and attended...
  • Remington responds to NBC hit piece

    04/13/2012 8:39:38 AM PDT · by smokingfrog · 72 replies
    Daily Caller ^ | 12 April 2012 | unattributed
    From Remington Arms to The Daily Caller NBC continues to attack Remington and the firearms industry through sensational and factually inaccurate reporting. On April 11, 2012, Brian Williams again demonstrated NBC’s anti-gun agenda with the claim that the Model 870, Model 1100 and other Remington firearms have a design flaw. That claim is demonstrably false and Remington stands fully behind the safety and reliability of the most popular shotguns in the world. It wasn’t enough for NBC to attack over 20 million Remington firearms; they also called the Second Amendment into question by suggesting that there is a need for...
  • Morning Bell: The Internet Taxes that Could Be Coming

    04/13/2012 8:05:58 AM PDT · by SumProVita · 23 replies
    The Foundry ^ | April 12, 2012 | Mike Brownfield
    If you’ve ever bought anything on the Internet, over the phone, or from a catalog, you might have noticed that when you buy from some stores, you don’t pay any state sales tax, but if you buy from other stores, you do. That’s because a Supreme Court decision protected out-of-state businesses from revenue-hungry states. But a new bill working its way through Congress would change all that, turning every online retailer into a sales tax collector. And that’s legislation Congress should reject.
  • Analysis: Obama's "green jobs" have been slow to sprout

    04/13/2012 7:53:12 AM PDT · by Oldeconomybuyer · 6 replies
    Reuters ^ | April 13, 2012 | by Andy Sullivan
    ...Three years after Obama launched a push to build a job-creating "green" economy, the White House can say that more than 1 million drafty homes have been retrofitted. But the millions of "green jobs" Obama promised have been slow to sprout, disappointing many who had hoped that the $90 billion earmarked for clean-energy efforts in the recession-fighting federal stimulus package would ease unemployment - still above 8 percent in March. Supporters say the administration over-promised on the jobs front and worry that a backlash could undermine support for clean-energy policies in general. "All of this stuff is extraordinarily worthy for...
  • Obama Peddles Myths About High Gas Prices

    04/13/2012 7:26:24 AM PDT · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 04/12/2012 | IBD Staff
    Energy: To hear President Obama talk about energy, you'd think annual oil price spikes were routine and predictable. But it's another energy myth Obama peddles to avoid responsibility for high gas prices. In February, Obama lamented these "gas price spikes that happen every year." A few days later, he talked about the need to "take control of our energy future" so we could "avoid high gas prices every single year." For Obama, this is a convenient excuse. After all, price spikes can't possibly be his fault, since they happen "year after year." Except it's not true.
  • Obama regs to cut 7 mil car buyers out of market

    04/13/2012 7:23:53 AM PDT · by SumProVita · 31 replies
    The Examiner - Beltway Confidential ^ | April 12, 2012 | Conn Carroll
    The Corporate Average Fuel Economy (CAFE) regulations that President Obama announced last summer will make it impossible for 7 million lower income consumers to buy a new car according to a National Automobile Dealers Association (NADA) study released today. “While you can mandate what automakers must build, you can’t dictate what customers will buy, nor can you dictate if a bank will make a loan,” New Mexico Ford dealer Don Chalmers said today.
  • Stay At Home Moms

    04/13/2012 6:47:14 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | April 13, 2012 | Jeff Carter
    Yesterday, Ann Romney was attacked by the left wing for being a stay at home mom. I think this is crazy. Over the years, I have witnessed left wing working mom’s smugness. My wife is a stay at home mom. Some people think that we live in the dark ages. However, for us it was a conscious choice. We had long conversations about it. Our first child was born in 1991. At the time, my wife was a salesperson with Ortho Phara. Prior to that job, she worked at Advanced Care Products where she was one of the top salespeople...
  • Mike and Ike Are Getting a Gay Divorce [Now Candy Makers are Perverting Their Product?]

    04/13/2012 6:46:02 AM PDT · by SoFloFreeper · 35 replies
    OC Weekly ^ | 4/12/12 | Michelle Woo
    In the realm of celebrity divorce news, this one is a true shocker. Mike and Ike--yes, the dudes of capsule-shaped candy fame--are headed for Splitsville. I know, right?They seemed so happy. Or, at least, chewy. Who will get strawberry and who will get lime? The break-up is a marketing campaign to get young people to start talking about the once-popular candy again. Apparently, the couple is headed in two different directions--Mike wants work on his music and Ike rather work on his art. New packaging has logos with either "Mike" or "Ike" scribbled out with what looks like a black...
  • Buffett Tax Hype- Use Our Interactive Graph to See Hype for Yourself

    04/13/2012 6:25:41 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | April 13, 2012 | Mike Shedloch
    Given all the hype from President Obama and Warren Buffet on "fair tax rates" (see Obama evokes Reagan in Touting Buffett Rule), inquiring minds are asking the critical question: Does the US have a spending problem or a tax problem? Rather than offer my own opinion, I will let you make the call. You can set whatever tax rate you want for the "Buffett Rule" all the way up to a tax rate of 100% on the following interactive Tableau display. GRAPHING THE BUFFETT EFFECT or is AFFECT? Thanks to Ross Perez at Tableau Software for the above interactive map....
  • Obama Appointed Medicare Trustee Exposes True Cost of ObamaCare

    04/13/2012 6:18:07 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | April 13, 2012 | Bob Beauprez
    A public trustee appointed by President Obama to oversee Medicare and Social Security has issued an extensive research report finding that ObamaCare will increase government spending by far more than a trillion dollars while adding hundreds of billions of new debt.  The report by Charles Blahous completely refutes the claim by Obama and the Democrats that the legislation would magically increase access and quality of care for millions of Americans while reducing the size of the deficit.  The opening paragraph of the report is damning: "The Patient Protection and Affordable Care Act (ACA) signed into law by President Obama in...
  • What’s Color Of Change Hiding About Itself?

    04/13/2012 6:11:45 AM PDT · by SumProVita · 4 replies
    The Examiner ^ | April 12, 2012 | Mark Tapscott
    Coca Cola executives who recently decided to stop supporting the American Legislative Exchange Council (ALEC) did so in response to demands from an obscure left-wing activist group, Color of Change (COC). So were executives of giant candy-maker Mars, Inc. when they announced a similar decision earlier today. That is why Color of Change may be the most powerful group in America you've never heard about.
  • Krugman's bad predictions

    04/13/2012 6:09:36 AM PDT · by richardb72 · 32 replies
    Fox News ^ | April 12, 2012 | John Lott
    Few prominent economists have a worse record predicting the impact of Obama’s economic policies than Paul Krugman. Writing for the New York Times and touting his close “genuine contact” with the “smart” economists and others in the Obama administration and the Democratic congressional leadership, Krugman has been, and remains, Obama’s most important champion. Not only has he been defending Obama’s Keynesian-type deficit-spending, but he has been advocating still more of these same failed policies. The economy just can’t gain ground. Thirty-four months since the "recovery" started in June 2009 and the actual number of jobs have increased by just 0.4%....
  • What difference does Obama's 'Buffett Rule' make?

    04/13/2012 5:54:08 AM PDT · by Dudoight · 11 replies
    Blog ^ | 4/12/12 | Political Math
    President Obama and Democrats have been talking up the Buffett Rule (a minimum 30% tax on people making over $1 million per year) for some time now. So what kind of difference does the Buffett Rule make? I've seen revenue estimates between $30 billion and $40 billion over 10 years, but what kind of difference would that make in the scope of government finances? Not too much.
  • Exclusive Interview: Palin Talks Pain at the Pump Ahead of Fox News Special

    04/13/2012 5:42:56 AM PDT · by Timber Rattler · 49 replies
    Breitbart's Big Government ^ | April 13, 2012 | Breitbart News
    In an exclusive interview to Breitbart News, Sarah Palin discussed energy policy and her Fox News Special (with Eric Bolling) "Paying at the Pump," which airs tonight on FNC at 10pm ET. The program will re-air on Saturday and Sunday. She also touched on some other topics of the day...
  • Secret Weapon: How Economic Terrorism Brought Down the U.S. Stock Market and Why It Can Happen Again

    04/13/2012 5:38:43 AM PDT · by LSUfan · 21 replies
    The Heritage Foundation ^ | 12 April 2012 | Kevin Freeman
    (Video of entire presentation at link) Who’s really to blame for America’s catastrophic financial meltdown and devastating national recession? Contrary to what the “Occupy Movement” might tell you, it’s not greedy Wall Street executives. No, as one of America’s top financial professionals Kevin Freeman reveals in his new book, the real culprit is economic warfare, with our foreign enemies exploiting our lurking financial weaknesses. In Secret Weapon, Freeman unveils how all the evidence – including motive, means, and opportunity – points to America’s foreign enemies as deliberately pushing our economy over the brink. He argues that our financial system is...
  • Obama Abuses Words as Clinton Abused Women

    04/13/2012 3:57:28 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | April 13, 2012 | John Ransom
    The most dangerous trend for the country over the last several years isn’t the GDP trendline or the unemployment rate. No.It’s rather how liberals- especially Obama- have devalued and degraded words into having different meanings than their original intent.In fact, they have perverted some of our best and most innocent words in a way not unlike someone who seeks to corrupt a virgin. Words like “justice,” “fairness,” “racism,” “reform” and “equality” no longer can be used to support liberty and tear down barriers to success. Instead they are erected like armed forts in the midst of an occupied population.   Liberals...
  • China growth slowest since global crisis

    04/13/2012 3:20:25 AM PDT · by John W · 7 replies
    MarketWatch.com ^ | April 13, 2012 | Chris Oliver and V. Phani Kumar
    HONG KONG (MarketWatch) — China’s first-quarter economic growth cooled to its slowest pace in 11 quarters amid weak export growth and sluggish construction activity, though analysts viewed the figures as pointing to a gradual slowing rather than a replay of downturn during the global crisis. Gross domestic product grew 8.1% in the January to March period, according to the National Bureau of Statistics, below analysts’ expectations of an 8.3% expansion.
  • Victor Davis Hanson: Campaigning on Grievances

    04/12/2012 11:46:51 PM PDT · by neverdem · 21 replies
    National Review Online ^ | April 12, 2012 | Victor Davis Hanson
    <p>In 2008, a mostly unknown Barack Obama ran for president on an inclusive agenda of “hope and change.” That upbeat message was supposed to translate into millions of green jobs, fiscal sobriety, universal health care, a resetting of Bush foreign policy, and racial unity.</p>
  • EU: Spanish bailout 'impossible' for eurozone, says prime minister Mariano Rajoy

    04/12/2012 10:12:06 PM PDT · by bruinbirdman · 3 replies
    The Telegraph ^ | 4/12/2012 | Louise Armitstead
    The eurozone is not equipped to bail out Spain, the country's prime minister Mariano Rajoy has admitted, as global traders continued to punish the nation's stocks and bonds. Mr Rajoy said it was "not possible to rescue Spain" but insisted his country did not need a Greek-style international bail-out anyway. "To talk about a bail-out for Spain at the moment makes no sense," he told reporters. "Spain is not going to be rescued; it's not possible to rescue Spain, there's no intention to, it's not necessary and therefore it's not going to be rescued." Despite his comments, the Madrid bourse...
  • EU: Spain accused of 'draconian' plans to clamp down on protests

    04/12/2012 10:03:45 PM PDT · by bruinbirdman · 9 replies
    The Telegraph ^ | 4/13/2012 | Fiona Govan, Madrid
    Spain has been accused of planning “draconian” new laws against street protests by curbing the use of social networking. Jorge Fernandez Diaz, the Spanish interior minister announced in Congress on Wednesday that a reform of the penal code was planned to criminalise those involved in organising street protests that "seriously disturb the public peace". Under the laws, a minimum jail term of two years could be imposed on those found guilty of instigating and carrying out violent acts of protest under a new package of measures unveiled on Wednesday. But it has raised fears that the new measures could be...
  • Governor Chris Christie | Tax Policies for 4% Growth (Great Speech at Geo Bush Conference)

    04/12/2012 8:12:59 PM PDT · by Titus-Maximus · 1 replies
    Youtube // The Bush Center ^ | 4/10/12 | Governor Christie
    Christie Speaks for the Bush Institute Economic Growth Team.
  • Why High Oil Prices Even At $200 Won't Cause A Recession

    04/12/2012 6:03:25 PM PDT · by blam · 33 replies
    The Market Oracle ^ | 4-12-2012 | Money Morning
    Why High Oil Prices Even At $200 Won't Cause A Recession Commodities / Crude Oil Apr 12, 2012 - 07:43 AM By: Money Morning Martin Hutchinson writes: Last Friday's weak unemployment numbers, with only 120,000 jobs created, brought renewed wails that high oil prices were causing a recession. Having heard this refrain so many times, I thought I'd dig a little deeper. After all, a peak of $145 per barrel in the West Texas Intermediate oil price pretty well coincided with the onset of the 2008 recession. The question is whether or not high oil prices are always correlated with...
  • Terrorist funder gets incredibly light sentence from federal judge

    04/12/2012 6:31:00 PM PDT · by LSUfan · 2 replies
    Shariah Finance Watch ^ | 12 April 2012 | Unknown
    Here is an example of an irresponsible federal judge if there ever was one. Abdi Mahdi Hussein attempted to help Mohamud Abdi Yusuf send $21,000 to the Jihadist terrorist group Al Shabaab. Now he says (of course) that he had no idea where the money was supposed to go, and besides it didn’t get there. U.S. District Judge Henry Autrey bought that story and essentially let Hussein go free, with three years probation.
  • Workers’ Voice Speaks For the 99%(Really?)

    04/12/2012 3:59:37 PM PDT · by mdittmar · 8 replies
    AFL-CIO ^ | 4/12/2012 | Mike Hall
    Theresa Brown, a United Steelworkers (USW) member at Cooper Tire's Findlay, Ohio, plant says in this election year, “Everybody is in the same fight. It doesn’t matter if you are a union member or not, this is about saving the middle class.”Brown was speaking at a press conference at AFL-CIO headquarters today where plans were announced to activate and energize networks of working families—both online and offline—around political campaigns, legislative issues and holding elected officials accountable.The new Workers’ Voice initiative will “build an independent voice for the working and middle class,” says AFL-CIO Secretary-Treasurer Elizabeth Shuler.For too long, our political...
  • How Deval Patrick Gutted Romneycare's Market-Oriented Health Reforms

    04/12/2012 3:53:14 PM PDT · by Oldeconomybuyer · 13 replies
    Forbes ^ | April 12, 2012 | by Avik Roy
    Six years ago today, at a majestic ceremony in Boston’s Faneuil Hall, then-Massachusetts Governor Mitt Romney signed into law “An Act Providing Access to Affordable, Quality, Accountable Health Care.” But the bipartisan bliss didn’t last very long. Just prior to the ceremony, Romney’s aides had announced that the Governor would be vetoing several key provisions of the bill, including its employer mandate that forced all companies in the state, employing more than 10 people, to provide health coverage for their workers or pay a $295-per-person fine. Romney vetoed several other provisions of the law, including one that extended dental benefits...
  • Happy Birthday, Romneycare! XOXO–Obama campaign

    04/12/2012 3:46:04 PM PDT · by Oldeconomybuyer · 3 replies
    ABC "News" ^ | April 12, 2012 | By Olivier Knox
    Turn your head and cough: President Barack Obama's reelection campaign on Thursday marked the 6th anniversary of Mitt Romney's health overhaul in Massachusetts with an online ad touting it as the inspiration for "Obamacare." Never mind that the presumptive Republican presidential nominee has vowed to kill Obamacare on "Day One" if he wins the White House. The three-minute spot aims to blunt Romney's attacks on Obama's signature domestic policy achievement as well as paint him as a hypocrite or a flip-flopper. It could serve to remind conservatives who loathe Obamacare's requirement that Americans have insurance (or pay a penalty) that...
  • Gov’t Spent $205,075 to ‘Translocate’ One Shrub from Path of San Fran Stimulus Project

    04/12/2012 3:38:08 PM PDT · by Oldeconomybuyer · 18 replies
    CNS News ^ | April 12, 2012 | By Thomas Cloud
    The government spent at least $205,075 in 2010 to “translocate” a single bush in San Francisco that stood in the path of a $1.045 billion highway-renovation project that was partially funded by the economic stimulus legislation President Barack Obama signed in 2009. “In October 2009, an ecologist identified a plant growing in a concrete-bound median strip along Doyle Drive in the Presidio as Arctostaphylos franciscana,” the U.S. Department of Interior reported in the Aug. 10, 2010 edition of the Federal Register. The bush—a Franciscan manzanita—was a specimen of a commercially cultivated species of shrub that can be purchased from nurseries...
  • Debunking the "Growing Income Disparity"

    04/12/2012 3:29:30 PM PDT · by Kaslin · 1 replies
    Rush Limbaugh.com ^ | April 12, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT Now, one of the stories going around -- and it's been going around awhile -- is all of the disparity in income, the gap between the rich and the poor. And depending on what story you read, the middle class is about to be wiped out. There isn't going to be one much longer. Because the middle-class people are not moving north and upward, out of the middle class. They are moving south, and they're getting closer to poverty and near-poverty. And while that's happening, the rich are getting richer, and it's just not fair. James Pethokoukis, the...
  • After Chávez, the Narcostate-If You Liked Chavez, You’ll Love the Drug Lords Plotting to Replace Him

    04/12/2012 1:20:21 PM PDT · by nickcarraway · 4 replies
    Foreign Policy ^ | APRIL 11, 2012 | ROGER F. NORIEGA
    There are powerful men in Venezuela who are far worse than Hugo Chávez. And if Obama keeps "leading from behind" in Latin America, that's who we very well might get.Venezuelan leader Hugo Chávez has tried for 10 months to conceal the fact that he is losing his bout with cancer, determined to appear in command of his revolutionary regime and the nation's future. This past Holy Week, however, television cameras captured him pleading for his life before a crucifix in his hometown church, his mother looking on without the slightest glint of hope on her face. Chávez's raw emotion startled...
  • BrightSource kills IPO at last minute

    04/12/2012 12:04:10 PM PDT · by Oldeconomybuyer · 13 replies
    San Francisco Chronicle ^ | April 12, 2012 | by David R. Baker
    BrightSource Energy of Oakland, a solar power-plant developer whose first project won $1.6 billion in federal backing, abruptly canceled its initial public stock offering Wednesday night, just hours before trading was scheduled to begin. The surprise move killed what had been the most hotly anticipated clean-tech IPO this spring. It casts doubt on investor appetite for similar offerings in the future. The cancellation could also revive the debate over federal support for renewable power companies. Solar-module maker Solyndra of Fremont, which received $528 million from the same government program that funded BrightSource's first power plant, also canceled a planned IPO...
  • Barrett & Falk Won't Say How They Would Have Balanced WI Budget [Dem gov candidates]

    04/12/2012 11:04:58 AM PDT · by Hunton Peck · 18 replies
    The Weekly Standard ^ | 9:38 AM, Apr 12, 2012 | JOHN MCCORMACK
    Democrats have hammered Wisconsin governor Scott Walker over the past year for cutting nearly one billion dollars in state aid to school districts as part of his plan to close the state's $3.6 billion deficit. Democratic anger with Walker's budget cuts is a huge reason why Walker is facing a recall election on June 5. But the two leading Democrats vying to replace Walker, Dane county executive Kathleen Falk and Milwaukee mayor Tom Barrett, were unwilling to say Wednesday night how they would have balanced the budget or even how much they would have cut from the state's education budget....
  • The Tea Party Is Not Over

    04/12/2012 10:40:25 AM PDT · by IbJensen · 13 replies
    American Spectator ^ | 4/12/2012 | R. Emmett Tyrrell, Jr.
    Don't write it off just yet, at it continues to add candidates to this year's mix. WASHINGTON -- All is bleak. All is woe! I speak of the Tea Party movement, the movement of 2009 and 2010 that was the hot news story of those years, and led to the Republican rout of the Democrats in 2010. Now the Tea Party movement is according to reports in the media in decline. Was it extremist? Was it racist? Distinguished Americans like Jesse Jackson and Al Sharpton said it was. Yet their evidence when it came under objective scrutiny kept falling apart,...
  • Here's Why Apple Will Probably Win Its E-Book Lawsuit

    04/12/2012 10:36:03 AM PDT · by Hojczyk · 32 replies
    yahoo Finance ^ | April 12,2012 | Jay Yarow
    Apple is likely to win the e-book lawsuit being brought against it by the Department of Justice, reports CNET after consulting various legal experts. One simple reason Apple has a good case against antitrust is that it is a tiny player in the e-book business. It has very little share of the market. Amazon owns 90% of the e-book market. Antitrust scholar Geoffrey Manne tells CNET, "Strengthening a new competitor against an incumbent hardly sounds like a terrible outcome for consumer." Further, Apple is just a distribution point for the books. If the publishers worked together in collusion, they could...
  • Federal Sex-Offenders to Tap N.J. Transit for Treatment Access

    04/12/2012 10:33:09 AM PDT · by Steve Peacock · 3 replies
    The Revered Review ^ | April 12, 2012 | Steve Peacock
    Federal Sex-Offenders to Tap N.J. Transit for Treatment AccessBREAKING NEWS: Your Tax Dollars Give Sex Offenders Free Ride...While Sitting Right Next to You. The Revered Review, April 12 A new batch of federal sex offenders soon will receive treatment in Newark — and New Jersey Transit (NJT) rail and bus lines specifically will carry the ex-convicts in and out of the city, courtesy U.S. taxpayers... An estimated 21,120 trips could be taken by such predators during that time, factoring in the BOP’s prediction that an increasing number of sex offenders could receive treatment each year through 2017... This sex offender...
  • $2 million in Gold Bars Unearthed

    04/12/2012 9:54:49 AM PDT · by GJ15 · 17 replies
    The Post Star ^ | April 11, 2012 | Don Lehman
    Police and prosecutors hit gold, literally, in the recent case of a local man who pleaded guilty to participating in a large-scale marijuana distribution ring. Authorities last fall unearthed an estimated $2 million in gold bars that Eric R. Canori had buried on property on Blackberry Lane in Queensbury, New York. Canori, a Wilton, NY resident who used to live in Queensbury, divulged the location of the gold cache as part of his forfeiture of $5.25 million in cash, real estate and other personal property that was part of his plea deal last year to a federal marijuana distribution conspiracy...
  • Walter Russell Mead: The Myth of America's Decline

    04/12/2012 9:09:15 AM PDT · by nuconvert · 22 replies
    WSJ ^ | WALTER RUSSELL MEAD
    The world balance of power is changing. Countries like China, India, Turkey and Brazil are heard from more frequently and on a wider range of subjects. The European Union's most ambitious global project—creating a universal treaty to reduce carbon emissions—has collapsed, and EU expansion has slowed to a crawl as Europe turns inward to deal with its debt crisis. Japan has ceded its place as the largest economy in Asia to China and appears increasingly on the defensive in the region as China's hard and soft power grow. The international chattering class has a label for these changes: American decline....
  • Why Obama Hates Paul Ryan

    04/12/2012 8:56:35 AM PDT · by afraidfortherepublic · 16 replies
    The American Spectator ^ | 4-12-12 | eter Ferrara
    A left-wing extremist can't compete intellectually with a voice of reason. Barack Obama's address on April 3 at the Associated Press luncheon in Washington D.C. demonstrated why our politics and our country today are seriously dysfunctional, and only the American people can fix it at the ballot box. Find the transcript online and print it out as I did. I will show below why it reveals that the President, in fact, does not understand the major issues facing the country, indeed, he actually can't even discuss them intelligently. Moreover, he is hopelessly, abusively dishonest about what he does understand. Thirdly,...
  • Slow Road to Hell: Spain Entertains VAT Hike

    04/12/2012 8:48:31 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | April 12, 2012 | Mike Shedloch
    Of all the inept policy moves in the midst of a clear depression, hiking taxes is right at the top of the list. Yet, that is the path Spain is on, because it will not meet its budget projections. Here is a link to an amusing "as is" Google translation of an article on El Econimista whose headline reads "The Government will raise the VAT if they fail the current fiscal". What caught my eye was the translation of the last sentence that reads "Therefore, it is possible that eventually have to raise this popular tax before the deadline." I...
  • Voting Fraud Investigation Compromises Eric Holder's Identity

    04/12/2012 8:42:34 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | Bob Beauprez
    James O'Keefe is back, this time exposing the ease of voter fraud in the nation's capital. On primary election day April 3, O'Keefe was offered the ballot for U.S. Attorney General Eric Holder after simply stating his name and address. O'Keefe even volunteered to show identification, to which the poll worker says, "You don't need it. It's all right. As long as you're in here, you're on our list, and that's who you say you are, you're okay" – which, by the way, is in compliance with Washington, DC voting regulation. US Attorney General Eric Holder's Ballot to Vote Offered...