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Articles Posted by newbie2008

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  • DOJ: Murders of School-Age Children Down 42%; Only 1% Take Place at School

    12/18/2012 8:18:20 PM PST · by newbie2008 · 16 replies
    Murders of school-age children---those between the ages of 5 and 18—declined by 42 percent between the 1992-93 school year and the 2008-2009 school year, according to the U.S. Department of Justice, and only about 1 percent of the school age children murdered during the 2008-2009 school year were murdered at school. In February 2012, the Bureau of Justice Statistics published a report—“Indicators of School Crime and Safety: 2011”—that included statistics on homicides committed at schools for the school years from 1992-93 through 2009-2010. The report also included the total number of all school-age children who were murdered at school or...
  • Compliance with ObamaCare Estimated at 80 Million Man-hours

    09/12/2012 10:24:18 PM PDT · by newbie2008 · 1 replies
    The costs associated with the Affordable Care Act (ACA) continue to stack up. According to the Committee on Ways and Means and the IRS, compliance with the new healthcare law will take 80 million man-hours per year. Perhaps that sounds like a successful jobs program, as it will keep 40,000 people fully employed, filling out paperwork and sorting through a confounding pile of government regulations. Only problem is, that work is entirely wasteful and creates zero wealth for America as a whole. It would be better for America and for the 40,000 workers to do something useful, like build the...
  • Record High Correlation Between The Euro And S&P 500 Is A Bad Sign

    10/19/2011 1:52:05 PM PDT · by newbie2008 · 2 replies
    RBC Capital's equity strategist team is concerned that stocks are behaving irrationally. "In our opinion, nothing about the fundamental backdrop has changed since October 3 to account for the ~15% rally. This pop merely underscores the importance of psychology on short time horizons," they said in a report to clients this morning. They note that U.S. markets are increasingly being driven by headlines out of Europe. They point to the record high correlation between the euro and the S&P 500:
  • Littoral Combat Ship Contract Award Announced

    12/29/2010 5:48:49 PM PST · by newbie2008 · 25 replies · 7+ views
    The Navy has awarded Lockheed Martin Corp. and Austal USA each a fixed-price incentive contract for the design and construction of a 10 ship block-buy, for a total of 20 littoral combat ships from fiscal 2010 through fiscal 2015. The amount awarded to Lockheed Martin Corp. for fiscal 2010 littoral combat ships is $436,852,639. The amount awarded to Austal USA for the fiscal 2010 littoral combat ships is $432,069,883. Both contracts also include line items for nine additional ships, subject to Congressional appropriation of each year’s Littoral Combat Ship (LCS) Program requirements. When all 10 ships of each block buy...
  • The Holiday Stimulus Package

    12/26/2010 10:13:31 PM PST · by newbie2008 · 1 replies
    With Christmas each year comes lessons about the role of demand in the economy. Retail sales are typically 15 to 20 percent higher in December than they are in September, October and November, and 30 percent higher than they are in the following January (as averages show for 1939 to 2009). In dollar terms, that means that retail sales rise and fall by roughly $90 billion in a single month. A $90 billion change in spending in a single month is larger than even the American Recovery and Reinvestment Act, the fiscal-stimulus legislation that was increasing federal government spending by...
  • Latvia & Fiscal Austerity

    12/26/2010 8:49:58 PM PST · by newbie2008 · 2 replies
    Leftist blogger Matthew Yglesias express horror at the fact that Klaus Regling, chief executive of the European Financial Stability Facility, held up Latvia as a positive exampel, by pointng out that Latvia has gone through a severe depression. Now, quite clearly, Latvia's performance during the latest 3 years is a dissster. Neither me or Klaus Regling denies that. The point of Regling's statement was instead that Latvia first of all proved all of the people who now considers a massive Greek and Irish (and others) debt writedown inevitable, as those same people usually regarded a Lavian devaluation as inevitable, something...
  • *IRAQ - Basrah Sport City 60% Completion*

    [Kansas City, MO] 360 Architecture has been selected by the government of Iraq to master plan and design a $500 million “sports city” in Basra. The 360-acre project will be developed in phases. The first phase features a 65,000-seat stadium and a 10,000-seat secondary stadium/practice facility designed to FIFA (international soccer) and Olympic (track and field) standards. It also includes four training facilities, athlete housing facilities, a fire station and helipad, among other items. 360 Architecture is teamed on the project with Newport Global Project Management Group and Abdullah Al-Jiburi Contracting Company, Iraq’s largest general contractor. The team won an...
  • U.S. 'Connects The Dots' To Catch Roadside Bombers

    12/13/2010 8:13:18 PM PST · by newbie2008 · 7 replies · 1+ views
    With his doctorate from Princeton, Army Gen. David Petraeus, the U.S. commander in Afghanistan, has become the prime example of a special breed of soldier: the warrior-scholar, trained in history and politics as well as how to fight wars. Now there's a variation on the theme: the warrior mathematician, adept in the complex modeling that has become a key part of military planning. With roadside bombs the leading killer of U.S. troops in Iraq and Afghanistan, military commanders have turned increasingly to the use of social network analysis to identify the key players in the groups responsible for the bombs,...
  • Repealing Obamacare: A Guide for the New Congress

    11/20/2010 6:34:45 PM PST · by newbie2008 · 10 replies · 1+ views
    Americans want health care reform—but not the reforms put in place under the Patient Protection and Affordable Health Care Act (PPACA). The new law moves America’s health care system in the wrong direction, transferring vast powers to Washington bureaucrats who will control the dollars and decisions that should be in the hands of individual patients and their families. It is no surprise that most Americans continue to oppose the new law and that clear majorities want it repealed. A recent Rasmussen poll, for example, found that 53 percent of likely voters favor repeal.[1] Repeal Congress must repeal the new law....
  • C-SPAN calls on GOP to allow its cameras to cover House proceedings

    11/15/2010 10:20:14 AM PST · by newbie2008 · 10 replies
    In January, you sent C-SPAN a letter supporting our request for televised access to the health care negotiations in which you wrote, “Every issue of national import should be debated by the people’s elected representatives in full public view.” You further wrote, “Republicans have listened to the American people and are committed to making Congress more accountable to the people it serves.” Currently, House floor debates are not in full public view because private news media cameras are still not permitted in the House chamber. Rules established when the House installed its TV cameras in 1979 restrict congressional camera operators...
  • Korea: Too Green for Democrats

    11/14/2010 9:06:01 AM PST · by newbie2008 · 1 replies
    The Bush administration negotiated and signed a free-trade agreement with South Korea in 2007, but enough members of Congress found the deal unacceptable that it was never ratified. For years it gathered dust as Candidate and then President Obama paid lip service to the idea of renegotiating it, all the while claiming to share his colleagues’ concern that it did not do enough to open Korea’s markets to U.S. automobiles and U.S. beef. He announced the goal of having a new deal negotiated and signed by this month’s G-20 summit, now under way in Seoul. You might have heard that...
  • The Free Banking Alternative

    11/05/2010 12:32:02 PM PDT · by newbie2008 · 3 replies
    On March 31, 1980, a major piece of legislation was passed by Congress to deregulate commercial banks and other deposit-type financial institutions. This deregulation took the form of phasing out interest rate ceilings on various types of time deposits and of extending the type of assets thrift institutions were authorized to hold. However, this act took three steps in the opposite direction: it required all banks, member and non-member, and all thrift institutions offering checkable deposits to hold the same percentage of these checkable deposits as non-interest reserves, either in vault cash or on deposit with the Federal Reserve; it...
  • Israel to get its own ‘Tea Party’ movement

    10/26/2010 8:12:22 PM PDT · by newbie2008 · 8 replies
    Move over America. Israel is joining the tea party. A new grassroots effort is beginning that is modeled after the American conservative social movement. The Israeli version promises to be just as patriotic, just as provocative and just as antagonistic to US President Barack Obama. RELATED: 'Tea Party’s Christian ties will alienate Jewish voters' America: Anyone for a tea party? The movement will hold its opening rally on Sunday night at the Zionist Organization of America House in Tel Aviv under the banner “Saying no to Obama.” The immediate goal of the movement will be to pressure Prime Minister Binyamin...
  • M2Zs Free, Wireless Nationwide Broadband Plan Killed: Thank the FCC

    09/02/2010 9:33:28 AM PDT · by newbie2008 · 11 replies
    Despite a seemingly stout business plan, and all the financial, social and educational benefits it would bring, the FCC's just turned down M2Z's application for a coast-to-coast free wireless broadband system. The FCC did not elaborate on why it turned down a plan from a new company called M2Z which would've created a U.S.-wide, free wireless broadband network. M2Z's trick was going to be to use a spare bit of the radio spectrum, the 2GHz "AWS-3" band, and earn itself cash by embedding ads in its free Net service as well as licensing out part of the spectrum it would...
  • I Think I See What Glenn Beck is Doing

    09/01/2010 3:20:06 PM PDT · by newbie2008 · 81 replies
    The Glenn Beck rally is confusing people. Why? He is aiming far beyond what most people consider to be the goalposts. Using Boyd’s continuum for war: Material, Intellectual, Moral. Analogously for political change: Elections, Institutions, Culture. Beck sees correctly that the Conservative movement had only limited success because it was good at level 1, for a while, weak on level 2, and barely touched level 3. Talk Radio and the Tea Party are level 3 phenomena, popular outbreaks, which are blowing back into politics. Someone who asks what the rally has to do with the 2010 election is missing the...
  • Were America’s Founding Fathers Wrong for Advocating Death for QE Measures?

    08/10/2010 11:42:48 PM PDT · by newbie2008 · 18 replies
    n light of the US Central Bank’s (I refuse to use their misleading self-anointed US Federal Reserve moniker) most recent grandstanding policy decision that has been referred to as "QE light" that precedes the inevitable QE2 launch sometime in the not so distant future, I present an open challenge to Paul Krugman and all like minded economists, Nobel prize winning or not, that support the monetary policy of dollar debasement. This will be a straightforward challenge issued by our Founding Fathers, in particular the first US Treasury Secretary, Alexander Hamilton, who scripted the US Coinage Act of 1792. The one...
  • Here's How BP Plans To Grab A $10 Billion US Tax Credit

    07/27/2010 9:32:19 PM PDT · by newbie2008 · 11 replies · 1+ views
    The intention of the tax code is to encourage investments and to help companies even out profit and loss, along with the associated taxes. Lawmakers just forgot to incorporate a rider clause for public safety and/or environmental damage related expense. The tax credit, if claimed, could mean $10 billion of the Gulf aftermath costs would come out of taxpayers’ pocket. This could potentially be quite an embarrassment for the Administration as President Obama vowed that BP will "pay every dime owed" for the spill damage.
  • Canada Recovers Almost All Jobs Lost in Recession

    07/25/2010 7:24:45 AM PDT · by newbie2008 · 25 replies
    "Employment rose by 93,000 in June, pushing the unemployment rate down 0.2 percentage points to 7.9%. This is the first time the rate has been below the 8% mark since January 2009. Employment has been on an upward trend since July 2009, increasing by 403,000 (+2.4%). These gains offset nearly all the employment losses observed during the labour market downturn which began in the fall of 2008. The June unemployment rate, however, remained well above the October 2008 rate of 6.2%, due to a large increase in the number of people in the labour force over this period."
  • Obama misses self-imposed deadline for withdrawal of US troops from Iraq

    05/21/2010 10:03:37 PM PDT · by newbie2008 · 21 replies · 597+ views
    As this video shows, Obama promised during the campaign that on his first day in office he would initiate a draw down of US troops from Iraq, with all troops gone within 16 months of his first term. Those 16 months ended today.
  • Developers Tax Themselves to Build Infrastructure

    05/21/2010 1:04:01 PM PDT · by newbie2008 · 8 replies · 365+ views
    A new Arizona law allows developers to build infrastructure but tax themselves to pay for it, a novel approach to economic development that the state thinks will catch on in towns throughout Arizona. Scottsdale is hoping to use the law to gussy up a one-mile stretch of abandoned car dealerships. Here’s the idea, according to the Arizona Republic: Instead of the city paying for redevelopment projects in hopes of stimulating the economy and private investment, the new law would create redevelopment districts governed by a board. This would let developers build infrastructure and pay for it with property taxes they...