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Business/Economy (News/Activism)

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  • EU: Greece to shut down as unions hold 48-hour general strike

    11/06/2012 12:28:50 AM PST · by bruinbirdman · 1 replies
    France 24 ^ | 11/6/2012
    Unions in Greece began a 48-hour walk-out on Tuesday in protest against the latest raft of anti-austerity measures, due to be put before the country's parliament on Wednesday. Greece’s unions are holding their third general strike in six weeks in the hope of persuading politicians not to back a major new austerity program that will commit the country to further hardship. Flights will stop between 10:00 a.m. and 1:00 p.m. (0800-1100GMT) Tuesday, at the start of a 48-hour strike that will close schools, halt train and ferry services, and keep hospitals running on emergency staff only. Two days of demonstrations...
  • EPA's Insanely Ambitious Agenda If Obama Is Reelected

    11/06/2012 12:20:20 AM PST · by WhiskeyX · 8 replies
    Forbes ^ | 11/04/2012 | Larry Bell, Contributor
    If you think the Obama administration’s Enterprise Prevention Agenda has been wildly aggressive during the past four years, believe me, we really ain’t seen nothin’ yet. A new report released by the U.S. Senate Committee on Environment and Public Works Minority Committee enumerates a slew of planned EPA regulations that have been delayed or punted on until after the election that will destroy millions of American jobs and cause energy prices to skyrocket even more.
  • New York state asks Washington (DC) to cover all storm costs

    11/05/2012 10:40:02 PM PST · by Olog-hai · 10 replies
    Reuters ^ | Wed Oct 31, 2012 7:37pm EDT | Edith Honan and Susan Cornwell
    New York state on Wednesday asked the U.S. federal government to pay all the costs of cleaning up and repairing damage from massive storm Sandy that tore through the Northeast this week and crippled New York City. Governor Andrew Cuomo said he is asking fellow Democrat, President Barack Obama, to pay 100 percent of the estimated $6 billion bill, at a time that state and local government budgets remain constrained by a weak economic recovery. … New York top finance official, Comptroller Thomas DiNapoli, said Washington should foot the bill, because of lingering financial pressures on state and local governments...
  • Debt Ridden NYT Squeezing Writers, Golden Parachuting CEOs (Beginning of the End for the Slimes)

    11/05/2012 8:50:45 PM PST · by lbryce · 15 replies
    Jewish Press ^ | Novmber 4, 2012 | Lori Lowenthal Marcus
    Remember how the NYT lionized the Occupy Wall Street vigilantes? What a shock to learn about the barrels-full of money it has thrown at its own bigwigs. Is it time to say kaddish for the New York Times? Investors in the paper may already be doing so. The last time they received a dividend was in late 2008. The NYT, considered by many to be the global paper of record, has incurred more than $300 million in net losses since 2005, and its advertising revenues have been declining for five consecutive years. In fact, the paper’s own financial report...
  • Re-elected Obama would push quickly for fiscal deal: party aides

    11/05/2012 7:02:58 PM PST · by Oldeconomybuyer · 25 replies
    Reuters ^ | November 5, 2012 | by Thomas Ferraro
    (Reuters) - If President Barack Obama wins re-election, he's expected to move quickly, perhaps within a day, to renew his bid for a bipartisan deal to avert a "fiscal cliff" that threatens to push the United States into recession, top Senate Democratic aides said on Monday. A victorious Obama could reach out to Republicans as early as Wednesday and pledge that, with the election decided, it's time to find common ground to deal with the year-end expiration of Bush-era tax cuts and the launch of automatic spending cuts that would suck $600 billion out of the economy in 2013. "He...
  • EPA grants 16 states clean gas waivers after Sandy

    11/05/2012 6:23:18 PM PST · by lyby · 10 replies
    The Miami Herald ^ | Wednesday, 10.31.12 | JOSH LEDERMAN
    The Obama administration is temporarily waiving some Clean Air Act requirements in 16 states and the District of Columbia to reduce fuel disruptions from Superstorm Sandy. Environmental Protection Agency Administrator Lisa Jackson says in a letter to governors that extreme circumstances related to Sandy will prevent enough gasoline from reaching consumers.
  • Sheldon G. Adelson: I Didn't Leave the Democrats. They Left Me

    11/05/2012 5:40:30 PM PST · by oblomov · 3 replies
    WSJ ^ | 4 Nov 2012 | Sheldon Adelson
    When members of the Democratic Party booed the inclusion of God and Jerusalem in their party platform this year, I thought of my parents. They would have been astounded. The immigrant family in which I grew up was, in the matter of politics, typical of the Jews of Boston in the 1930s and '40s. Of the two major parties, the Democrats were in those days the more supportive of Jewish causes. Indeed, only liberal politicians campaigned in our underprivileged neighborhood. Boston's Republicans, insofar as we knew them, were remote, wealthy elites ("Boston Brahmins"), some of whose fancy country clubs didn't...
  • EU: IMF warns over-taxed France risks slipping behind Italy and Spain

    11/05/2012 5:32:00 PM PST · by bruinbirdman · 5 replies
    The Telegraph ^ | 11/5/2012 | Ambrose Evans-Pritchard
    The International Monetary Fund has told France to take urgent measures to head off national economic decline, warning that the country risks being left behind as southern Europe embraces reform. François Hollande Throwing the guantlet at the feet of the Socialist president Francois Hollande, the IMF said rising tax rates are undermining France as a place "to work and invest" and leading to a "significant loss of competitiveness". "There is a risk it will get worse if France does not adapt at the same pace as its trading partners in Europe, notably Italy and Spain," it said. The IMF challenge...
  • The financial crisis can't explain the current slow recovery

    11/05/2012 4:46:58 PM PST · by richardb72 · 8 replies
    Fox News ^ | November 05, 2012 | John Lott, Jerry Dwyer, James Lothian
    Carmen Reinhart and Kenneth Rogoff’s book, “This Time is Different,” has become the bible of the Obama administration. Their claim that recoveries after financial crises are naturally much slower than other recoveries has given President Obama a lot of cover. Their argument may be widely accepted by the media but has not been so readily accepted by economists. Reinhart and Rogoff lashed out at academic critics a couple of weeksago with an opinion piece in Bloomberg and again recently on CNN, attacking economists who disagree with them as blinded by support for Mitt Romney. Our current recovery has been the...
  • Mitt Romney is the only sane choice for Libertarians

    11/05/2012 4:44:32 PM PST · by richardb72 · 10 replies
    Fox News ^ | Nov 5, 2012 | Wayne Allyn Root
    As a former Libertarian presidential contender, the 2008 Libertarian vice presidential nominee, the former chairman of the Libertarian National Campaign Committee, and the man called "Mr. Libertarian" by media across this country, you might be surprised to find I’m supporting Republican Mitt Romney for president. Yes, this Las Vegan has gone “all in” for Mitt. Why? Because Mitt Romney is the only sane choice for Libertarians. It’s simple. Libertarians believe in less government; lower taxes; cutting rules, regulations and mandates to get government out of the way of small business; reining in out-of-control government agencies like the EPA; auditing the...
  • Why we won’t kill the Imperial System

    11/05/2012 2:14:59 PM PST · by null and void · 265 replies
    Mobile Hydraulic Tips ^ | November 2, 2012 | Paul Heney
    Back in grade school, we were told that the Imperial System was a thing of the past, that eventually we’d be living the Metric System life, with all it’s base-10 logic built right in. We’d be just like the rest of the world. But those predictions have proven about as accurate as the flying cars and moon colonies that we all imagined we’d be enjoying in the year 2012. Occasionally, the issue bubbles up and people argue back and forth about why we haven’t gone Metric, but I think it’s all about inertia. There would be a huge intellectual cost...
  • US Crashes Out Of The Top 10 In World Prosperity Index

    11/05/2012 1:48:34 PM PST · by SeekAndFind · 25 replies
    Business Insider ^ | 11/05/2012 | Joshua Berlinger
    The United States is no longer one of the world's ten most "prosperous" countries for the first time according to the Legatum Institute.The Legatum Prosperity Index assessed and ranked the prosperity of 142 countries based on eight sub-categories: economy, entrepreneurship and opportunity, health, governance, education, safety and security, personal freedom, and social capital.America experienced an "unprecedented" fall to twelfth in the rankings, as it experienced "weakening performance across five of the Index’s eight sub-categories."When referring to the U.S., the language of the report had a somewhat dire tone. It claims that "the American Dream is in jeopardy," and "the national ethos of the...
  • Lies on Al Qaeda Disqualfy Obama

    11/05/2012 1:08:28 PM PST · by Kaslin · 6 replies ^ | November 5, 2012 | Morgan Brittany
    We’re here, the final hours of the 2012 Presidential campaign. It’s D-Day, Judgment day and Super Bowl Sunday all rolled into one. To me, this campaign season has seemed to be the longest I can remember. Maybe my memory is fading, but I can’t remember a campaign as hard fought as this one. Yes, the Bush, Gore election of 2000 was aggressively fought and the battle of the “hanging chads” seemed to go on forever, but somehow it worked itself out and our country righted itself in a couple of months. I’m not so sure about this election. The division...
  • Canada Bleeding Private Jobs; Vancouver Home Sales Plunge 16.7 Percent; Crash Awaits

    11/05/2012 12:42:53 PM PST · by Kaslin · 7 replies ^ | February 5, 2012 | Mike Shedlock
    The Financial Post has an interesting story on the state of the Canadian jobs market. It seem over 100% of job growth is from government jobs. Please consider Employment numbers hide the fact Canada is bleeding private sector jobsCanada may have added 1,800 jobs in October, but that number hides the fact that almost all the gains came from government and that the private sector lost more than 20,000 jobs. The 1,800 jobs added was already a disappointment compared with the 10,000 economists had forecast. According to Statistics Canada, that left the unemployment rate unchanged at 7.4%. The six-month average...
  • Romney to Win by 7-8 points ? [CNN poll]

    11/05/2012 12:08:15 PM PST · by RobinMasters · 17 replies
    Washington Times ^ | November 5, 2012 | James S. Robbins
    Updating yesterday's TRR post -- CNN released a poll on Sunday that showed independents breaking for Mitt Romney 59%, with 37% for Barack Obama. (These numbers are buried on page 30 of the CNN report.) Because CNN assessed the likely electorate as 41% Democratic, 30% Republican and 29% independent, this translated into a 49%/49% tie. But this breakdown should be called the "unlikely voters." Using the more realistic Rasmussen and Gallup party ID breakdown, with Republicans holding a slight edge in party ID, a 22 point lead among independents on election day would give Mr. Romney around 53% of the...
  • No "Real Progress" from Obama on Jobs

    11/05/2012 10:58:17 AM PST · by Kaslin · 1 replies ^ | November 5, 2012 | Bob Beauprez
    Unsurprisingly Barack Obama says the November jobs report from the Labor Department proves that "We have made real progress" with job creation and economic recovery.  Really?  Does he believe this, or did he watch another video with Hillary Clinton? Somehow reality and the truth seem to consistently escape this President. Had Barack Obama removed his rose-colored glasses for just a moment he might have noticed that there are now 209,000 more people unemployed than in January, 2009 – the month he took office.  He also might have noticed that the number of people unemployed increased by 170,000 in just the...
  • SOWELL: Gross Misconceptions

    11/05/2012 10:36:38 AM PST · by jazusamo · 9 replies
    Creators Syndicate ^ | November 6, 2012 | Thomas Sowell
    This country is at a historic crossroads, and the path we choose can determine our future far beyond the next four years. Our children and grandchildren may someday bless us or curse us for what we do this Tuesday. Against that background, it is painful to see the petty talking points and gross misconceptions that seem to dominate this year's election campaign. Take the question of jobs. How many times have we heard about how many jobs have been added during the Obama administration? Yet few people bother to find out whether these are net additions to jobs — which...
  • Barack Obama and America’s decline

    11/05/2012 9:48:12 AM PST · by Pride_of_the_Bluegrass · 10 replies
    Pajama Media ^ | Spengler
    America is in incipient decline, and this week’s presidential election might be the last chance to reverse it. We are becoming a different sort of country, with a different people and different beliefs. Another four years of Barack Obama well might take us past the point of no return, although no-one, to be sure, knows quite where that lies. There is still time to change course. There might not be time by 2016. Nearly a third of Americans now depend on food stamps, welfare, disability payments, or some other form of government support, compared with one out of five when...
  • 112-Year-Old Apparel Maker In Pa. To Close

    11/05/2012 9:25:34 AM PST · by robowombat · 21 replies
    Manufacturing Net ^ | Sun, 11/04/2012 - | Michael Rubinkam,
    112-Year-Old Apparel Maker In Pa. To Close Sun, 11/04/2012 - 1:20pm Michael Rubinkam, ORWIGSBURG, Pa. -- One of the last U.S. apparel manufacturers of its kind is losing its shirt. FesslerUSA had survived war and depression, free trade and foreign imports, producing millions of knitted garments from its base in eastern Pennsylvania. Five years ago, third-generation owner Walter Meck and his family were feeling so good about the company's prospects they doubled capacity, moving into a former pencil factory outside the small town of Orwigsburg. They were still setting up shop in the new place when the Great Recession hit....
  • Preliminary Injunction Halts Enforcement of Obamacare Mandate Against Michigan Corp

    11/05/2012 8:39:11 AM PST · by DeaconBenjamin · 5 replies
    PR Newswire ^ | Thu, Nov 1, 2012
    Federal District Court Judge Robert H. Cleland of the Eastern District of Michigan granted a Preliminary Injunction that halts enforcement of the HHS mandate against Plaintiffs Weingartz Supply Company and its owner and president, Daniel Weingartz. The motion was brought by the Thomas More Law Center (TMLC), a national public interest law firm based in Ann Arbor, Michigan. Erin Mersino, TMLC's lead counsel on the case, commented, "The federal court has found that our clients have a likelihood of success and would be irreparably harmed by the unconstitutional overreaching of the HHS mandate. This is not only a victory for...