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Articles Posted by RobertClark

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  • TED CRUZ LAUNCHES NATIONAL PETITION AGAINST GANG OF EIGHT'S BILL

    06/20/2013 4:33:35 PM PDT · by RobertClark · 69 replies
    Brietbart ^ | 06/20/13 | Tony Lee
    Sen. Ted Cruz (R-TX) launched a national petition on Thursday to stop the Senate Gang of Eight's amnesty bill and send Washington a "strong signal" of the grassroots opposition to the bill. Cruz urged supporters to share the petition with friends and to "act now--without delay--to help us defeat amnesty and stand for legal immigration!"
  • Government Celebrates Austerity With Fourth Largest Spending Month Ever

    06/12/2013 1:21:31 PM PDT · by RobertClark · 4 replies
    ZeroHedge ^ | 06/12/13 | Tyler Durden
    When in April the US government reported a surplus of $112.9 billion (thanks to tax collections, Fed and GSE remittances) - the largest surplus since April 2008, many wondered if DC's profligate ways were over, and if maybe the so-called US austerity was staring to kick in. It wasn't. Because as the just released May data showed, not only did the US go right back to its deficit ways, posting a negative surplus of $138.7 billion, the largest May deficit since 2009, but the amount the US government spent, a total of $335.9 billion, was the largest May outlay in...
  • We Have A Hindenburg Omen Sighting

    04/15/2013 3:50:44 PM PDT · by RobertClark · 10 replies
    ZeroHedge ^ | 04/15/13 | Tyler Durden
    Remember when the last time a cluster of Hindenburg Omens nearly toppled the market in August 2010 and the only saving grace was Ben Bernanke's QE2 announcement at Jackson Hole which sent risk soaring? Today, nearly three years later, we got the first instance of the Omen again. Will it be a one-off fluke, or a cluster, which is needed to confirm this dreaded technical formation? Stay tuned in the coming days to find out... The last cluster was Aug 2010 (and was only saved by Bernanke), the previous cluster was Oct 2007 and we know what followed... (red bars...
  • A More Modern Way of Living

    02/27/2013 12:22:07 PM PST · by RobertClark · 4 replies
    Carteret County New Times ^ | 01/29/13 | Unknown
    This was printed in the January 29, 2013 edition of the Carteret County New-Times in N.C. The publication later prefaced the online version to read: The following Letter to the Editor, published in the Jan. 23 edition, has gone viral on the Web after a reader linked it to a Fox News Facebook page. It has received more than 4,000 comments and has been shared more than 12,000 times the [the following week].
  • Mt Everest at 2 Billion Pixels

    12/18/2012 5:06:02 PM PST · by RobertClark · 16 replies
    krpano.com ^ | 12/18/12 | Via Drudge
    The coolest thing I've seen in quite a while: Link Here
  • Tell Me Again... Which Of These Nations Is Communist?

    11/20/2012 4:40:26 PM PST · by RobertClark · 21 replies
    ZeroHedge ^ | 11/20/12 | Simon Black
    Tax policy really tells you a lot about a government... what politicians’ values and priorities are. People can SAY anything, but in a way, tax policy is putting their money where their mouths are. For example, politicians like to talk about technology, efficiency and transparency. But just take a look at the tax code to see where they really stand. Estonia’s Taxation Act of 2002, which form the preponderance of that country’s tax code, is 43,370 words. In Canada, the tax code is close to 1 million words. And in the US, the tax code is so daunting that simply...
  • The FHA is Blowing Up: Bad News for the Housing Market

    11/15/2012 11:18:09 AM PST · by RobertClark · 18 replies
    libertyblitzkrieg.com ^ | 11/15/2012 | Michael Krieger
    A very important article came out from the Wall Street Journal yesterday titled “FHA Nears Need for Taxpayer Funds,” and it outlines the serious financial problems facing the Federal Housing Administration. For those that are unaware or need a refresher, the FHA has been the key element to the phony “housing recovery” the government has been trying to create. In the wake of the collapse of 2008, Fannie Mae and Freddie Mac blew up and what was left to pick up the pieces was the FHA. No private player would issue loans with down payments of 3%, but this was...
  • We Got It Done In Arkansas This Year!

    11/07/2012 4:24:31 PM PST · by RobertClark · 16 replies
    11/7/12 | RobertClark
    While last night was a bitter disappointment, it did hold a glimmer of accomplishment for those of us in the Natural State. We were able, for the first time since reconstruction, to claim a solid majority in the state house and Senate. Yes, after over 130 years of Dems we have now taken control. We also have sent a full Republican (and mightily Conservative) contingent to the US Congress, with the exception of one Blue Dog holdout who we will get in two years. We have turned the state.
  • Drudge showing IN and KY going to Romney.

    11/06/2012 4:13:12 PM PST · by RobertClark · 24 replies
    Drudge Report ^ | 11/6/12 | Drudge Report
    He is showing Romney with KY and IN. O with VT.
  • Obama Campaign Relies on Report from DNC Creditor

    10/20/2012 10:00:58 AM PDT · by RobertClark
    Washington Fee Beacon ^ | 10/19/12 | Washington Free Beacon Staff
    RealtyTrac, which advertises itself as the “leading online marketplace of foreclosure properties,” released its Foreclosure Market Report for September and Q3 2012 on Oct. 11. In the report, RealtyTrac reported that foreclosure activity dropped to a 5-year low in September. This week, President Obama’s campaign officials and surrogates adopted the report as a new talking point. On MSNBC, Obama Deputy Campaign Manager Stephanie Cutter credited Obama with producing “the lowest foreclosure rate in the last five years.” Obama surrogate Jennifer Granholm and campaign press secretary Jen Psaki used the same talking point over the past week. However, the campaign and...
  • To Fight Hyperstagflation, Greece Will Allow Sale Of Expired Food Products

    10/15/2012 10:17:59 AM PDT · by RobertClark · 19 replies
    ZeroHedge ^ | 10/15/12 | Tyler Durden
    Against a deflationary environment of austerity-driven wage and pension cuts combined with rising unemployment; food, commodity, and fuel prices continue to surge in Greece. The government has taken an unusual step - allowing the sale of expired food at lower prices. As Voz Populi reports, this act means the government has 'virtually admitted their inability to control prices" as the worst aspects of stagflation crush the Hellenic Republic. The regulation (allowing from one-week to one-month extensions of foods for sale post their eat-before-this-day-or-you'll-get-Salmonella date) has existed for many years, according to a ministerial decree and this action merely states that...
  • The 21st Century Monolith

    10/14/2012 10:50:12 AM PDT · by RobertClark · 6 replies
    ZeroHedge ^ | 10/14/12 | William Buckler
    For all intents and purposes, there have been two US Presidents thus far in the 21st century - George Bush (the younger) and Barack Obama. If we take Mr Bush’s two terms to cover fiscal 2001 to fiscal 2008, the total rise in official Treasury funded debt over that period was $US 4.350 TRILLION. If we take Mr Obama’s first term to cover fiscal 2009 to fiscal 2012, the rise over four years was $US 6.050 TRILLION. Add the two together and you get a grand total of $US 10.4 TRILLION. That’s almost two thirds (65 percent) of the total...
  • New O’Keefe video: Obama campaign staffer caught helping activist vote twice

    10/10/2012 12:33:55 PM PDT · by RobertClark · 1 replies
    The Daily Caller ^ | 10/10/12 | Matthew Boyle
    Videographer James O’Keefe’s Project Veritas caught an official for President Barack Obama’s re-election campaign helping who she thought was an Obama supporter set herself up to vote more than once in November. Stephanie Caballero is the regional field director for Obama’s Organizing For America in Houston, Texas. Federal Election Commission documents show, according to Project Veritas, that Caballero is a “salaried employee of the DNC [Democratic National Committee].” Caballero is caught on camera helping the young woman try to vote in Florida and Texas in the upcoming election. [snip] “We visited Organizing For America voter registration tables around New York...
  • As Online Retailers Launch Vendor Financing, Is Apple Credit Corp Imminent?

    10/08/2012 8:03:27 AM PDT · by RobertClark · 3 replies
    ZeroHedge ^ | 10/08/12 | Tyler Durden
    As we have been saying for over a year now, there are two key issues (one of which follows logically from the other) that central bankers are banging their heads against: the increasing scarcity of money good-assets, i.e., credible collateral, that can be pledged in exchange for debt at both the private and public level, and the collapsing cash flows at the corporate and household level (both incidentally direct artifacts of ubiquitous central planning and central banker intervention). This, among various other reasons chief among which is the parallel collapse in CapEx and R&D spending at the corporate level, is...
  • The US Government Today Has More Data On The Average American Than The Stasi Did On East Germans

    10/05/2012 7:07:19 PM PDT · by RobertClark · 40 replies
    TechDirt ^ | 10/03/12 | TechDirt
    We've written plenty about how the US government has been quite aggressive in spying on Americans. It has been helped along by a court system that doesn't seem particularly concerned about the 4th Amendment and by the growing ability of private companies to have our data and to then share it with the government at will. Either way, in a radio interview, Wall Street Journal reporter Julia Angwin (who's been one of the best at covering the surveillance state in the US) made a simple observation that puts much of this into context: the US surveillance regime has more data...
  • Some parents decry new Carroll schools' palm scanner (Scan For Lunch)

    10/05/2012 6:34:40 PM PDT · by RobertClark · 47 replies
    The Baltimore Sun ^ | 10/2/12 | Jeremy Bauer-Wolf
    Instead of paying for their lunches with crumpled dollar bills and loose change, students in Carroll County schools are having their palms scanned in a new check-out system — raising concerns from some parents that their children's privacy is being violated. The county is one of the first localities in Maryland to use the PalmSecure system, in which children from kindergarten to 12th grade place their hands above an infrared scanner. It identifies unique palm and vein patterns, and converts the image into an encrypted numeric algorithm that records a sale.
  • Motion seeks to have feds take over Oakland police

    10/05/2012 4:01:58 PM PDT · by RobertClark · 10 replies
    KFMB TV San Diego ^ | 10/04/12 | Terry Collins (AP)
    SAN FRANCISCO (AP) - Lawyers overseeing the terms of a settlement stemming from a decade-old Oakland police corruption scandal filed a motion Thursday requesting that the federal government take over the embattled department. Attorneys John Burris and Jim Chanin filed the motion in U.S. District Court in San Francisco asking Judge Thelton Henderson for a federal receiver to oversee the department.
  • Defecting Iranian Cameraman Brings CIA Priceless Film of Nuclear Sites

    10/05/2012 11:17:38 AM PDT · by RobertClark · 31 replies
    DebkaFile ^ | 10/05/12 | DebkaFile
    Debkafile reveals one of the CIA's most dramatic scoops in many years, and epic disaster for Iran. Our most exclusive Iranian and intelligence sources disclose that President Mahmoud Ahmadinejad's personal cameraman, Hassan Golkhanban, who defected from his UN entourage in New York on Oct. 1, brought with him an intelligence treasure trove of up-to-date photographs and videos of top Iranian leaders visiting their most sensitive and secret nuclear and missile sites. The cameraman, who is in his 40s, is staying at an undisclosed address, presumably a CIA safe house under close guard. He stayed behind when Ahmadinejad, after his UN...
  • US Debt Soars To $16,159,487,013,300.35, +$93 Billion; Or How To Kick Off Fiscal 2013 With A Bang

    10/02/2012 3:50:41 PM PDT · by RobertClark · 2 replies
    ZeroHedge ^ | 10/2/12 | Tyler Durden
    September 30 was the last day of Fiscal 2012 for the US which explains why despite the barrage of debt issuance in the past month, the year closed with total debt of just $16.066 trillion, a modest increase of just $50 billion in the month. Luckily, moments ago we got the first DTS of the new fiscal year, which eliminated any residual confusion we had. As of the first day of FY 2013, total US debt soared by $93 billion overnight, and is now a record $16,159,487,013,300.35. One can see why Tim Geithner wants to push all the debt under...
  • Tax-Arbitrage Of The Year - Facebook Founder Renounces US Citizenship

    05/11/2012 10:09:38 AM PDT · by RobertClark · 12 replies
    ZeroHedge ^ | 05/11/12 | Tyler Durden
    We can only guess at his reasons. Perhaps it is the cost of real estate in Palo Alto, the price of Starbucks in Silicon Valley, or the lack of Bugatti dealerships but Eduardo Saverin - co-founder of Facebook - just renounced his US citizenship. Via Bloomberg, FACEBOOK CO-FOUNDER SAVERIN GIVES UP U.S. CITIZENSHIP PRE-IPO FACEBOOK CO-FOUNDER SAVERIN PLANS TO INVEST IN BRAZIL COMPANIES Or maybe the always pioneering entrepreneurs from Facebook just gave us a preview of US tax policy, or rather the popular response to it, in 2013. Like!
  • United Welfare States of America: In 2011 Nearly Half The Population Recv'd Benefits

    01/23/2012 3:53:49 AM PST · by RobertClark · 1 replies
    ZeroHedge ^ | 01/23/2012 | Tyler Durden
    While politicians may debate whether or not America is the most "generous" (with other generations' money of course) socialist welfare state in the history of mankind, the undoctored numbers make the affirmative case quite clear and without any chance for confusion. The single most disturbing statistic: in 2011 nearly half of the population lived in a household that receives some form of government benefit, which in turn accounted for 65% of total federal spending, or $2.5 trillion, and amount to 15% of GDP. And yet some people out there still think these people, long since indoctrinated to do little but...
  • Presidential Accomplishments

    01/18/2012 2:11:37 PM PST · by RobertClark · 3 replies
    The Conservative Treehouse ^ | 01/11/12 | Menagerie
    I get tired of all the mail stating the President hasn’t accomplished anything. An impressive list of accomplishments! · First President to apply for college aid as a foreign student, then deny he was a foreigner. · First President to have a social security number from a state he has never lived in. · First President to preside over a cut to the credit-rating of the United States · First President to violate the War Powers Act. . · First President to be held in contempt of court for illegally obstructing oil drilling in the Gulf of Mexico . ·...
  • Obama Blames Republicans For Keystone XL Decision

    01/18/2012 1:52:58 PM PST · by RobertClark · 20 replies
    ZeroHedge ^ | 01/18/2012 | Tyler Durden
    The big news of the day, aside from the idiot rally finally being back on full bore, is that the Obama administration finally pushed Canada's hand in telling it to sell its crude to China instead of the US, which we are confident it will gladly do. Much of this was largely priced on, as was the fact that opportunity for significant job creation was just kicked to the curb. What was not however expected, is that in keeping up with the fine tradition of taking responsibility for his decisions and actions, kinda sorta, America's president said that it was...
  • Here We Go Again: US $25 Million Away From Debt Ceiling Breach

    01/05/2012 1:31:25 PM PST · by RobertClark · 22 replies
    ZeroHedge ^ | 01/05/12 | Tyler Durden
    It's simply amazing how quickly the US managed to hit its debt target, pardon, debt ceiling all over again...And now the Social Security Fund pillaging begins anew until Congress signs off on the latest interim debt ceiling increase.
  • President Obama, Demopublican

    01/04/2012 12:54:33 PM PST · by RobertClark · 5 replies
    ZeroHedge ^ | 01/04/12 | Charles Hugh Smith
    President Obama, Demopublican President Obama's signal accomplishments could easily have been signed into law by a moderate Republican. The corporate Mainstream Media depends on ideological differences to generate "news" and advertising revenues, and the Status Quo depends on ideological differences to generate fear "of the other side" and enthusiasm "for our side." As the 2012 election season kicks off in earnest, we have to ask: exactly what is the difference between President Obama's actual policies and those of centerist Republicans? The president recently highlighted three centerpiece accomplishments of his supposedly rabidly Democratic administration: 1. Ending the war in Iraq 2....
  • Portugal Is Latest Country To Go "MF Global", Raid Pensions Funds To Delay Fiscal Death

    12/03/2011 6:56:09 PM PST · by RobertClark · 11 replies
    ZeroHedge ^ | 12/3/11 | Tyler Durden
    About a year ago, we discussed the very troubling moves by insolvent countries such as Ireland and Hungary to "raid" their pensions funds for various fungible purposes, a move which in virtually every way a was a progenitor to the MF Global capital commingling, if not outright bankruptcy, and was explained as reflecting "a willingness by governments to use long-term assets to fill short-term deficits, including Ireland’s announcement last week that it would use the country’s €24bn National Pensions Reserve Fund “to support the exchequer’s funding programme” and Hungary’s bid to claw $15bn of private pension funds back to the...
  • Aircraft Carrier CVN-77 Parks Next Door To Syria

    11/23/2011 5:56:38 PM PST · by RobertClark · 50 replies
    ZeroHedge ^ | 11/23/11 | Tyler Durden
    Yesterday we reported that the Arab League (with European and US support) are preparing to institute a no fly zone over Syria. Today, we get an escalation which confirms we may be on the edge. Just out from CBS: "The U.S. Embassy in Damascus urged its citizens in Syria to depart "immediately," and Turkey's foreign ministry urged Turkish pilgrims to opt for flights to return home from Saudi Arabia to avoid traveling through Syria." But probably the most damning evidence that the "western world" is about to do the unthinkable and invade Syria, and in the process force Iran to...
  • Righthaven Case Ends in Victory for Fair Use

    11/22/2011 11:45:01 AM PST · by RobertClark · 25 replies
    EFF ^ | 11/18/2011 | EFF
    San Francisco - In a victory for fair use, the publisher of the Las Vegas Review-Journal, Stephens Media, filed papers yesterday conceding that posting a short excerpt of a news article in an online forum is not copyright infringement. The concession will result in entry of a judgment of non-infringement in a long-running copyright troll case that sparked the dismissal of dozens of baseless lawsuits filed by Righthaven LLC. The case began when the online political forum Democratic Underground -- represented by the Electronic Frontier Foundation (EFF), Fenwick & West LLP, and attorney Chad Bowers -- was sued by Righthaven...
  • Occupy Portland - Outbreak of Lice

    11/06/2011 5:00:49 PM PST · by RobertClark · 63 replies
    YouTube ^ | 11/05/2011 | Youtube
    Occupy Portland made an announcement during their general assembly that there is apparently and outbreak of head lice and body lice. And.... The "Honeybucket" port a potty company has advised the OWS encampment that they will be removing the port a potties on Monday due to constant vandalism. The union that is paying for the plastic crap o lets begged the company to leave them through the weekend, but is unwilling to pay the increased rates the company is demanding to deal with the destruction. An OWS announcement flier detailing this is detailed in the 3 minute video - quite...
  • MF Global Client Theft Estimate Doubled To $1.5 Billion?

    11/02/2011 2:13:18 PM PDT · by RobertClark · 6 replies
    ZeroHedge ^ | 11/02/2011 | Tyler DUrden
    Even as we hear rumblings that the MF fire is spreading, and the associated auditor of the now infamous former Primary Dealer is about to get in serious hot water, the bankrupt company itself continues to dig itself an ever deeper grave. Because according to a just filed motion by the MF Global liquidating trustee, it seems that the gross criminal activity by the company may have been orders of magnitude bigger than anyone has expected. To wit: "As a result of the apparent segregation violations and the suspension of clearing privileges, more than 150,000 customer accounts essentially were frozen...
  • Law Bans Cash for Second Hand Transactions

    10/20/2011 6:20:02 PM PDT · by RobertClark · 51 replies
    KFLY ^ | 10/18/2011 | Doug MacDiarmid
    Cold hard cash. It's good everywhere you go, right? You can use it to pay for anything. But that's not the case here in Louisiana now. It's a law that was passed during this year's busy legislative session. House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don't even know about it. "We're gonna lose a lot of business," says Danny Guidry, who owns the Pioneer Trading Post in Lafayette. He deals in buying and selling unique second hand...
  • Patrick Henry's Warning: The Tax-gatherers on the Rampage

    10/18/2011 9:02:07 PM PDT · by RobertClark · 4 replies
    The International Libertarian ^ | 10/17/2011 | Darren Wolfe
    This excerpt is from Patrick Henry's greatest speech, "Shall Liberty or Empire Be Sought?" where he argued against adoption of the Constitution: In this scheme of energetic government, the people will find two sets of tax-gatherers — the state and the federal sheriffs. This, it seems to me, will produce such dreadful oppression as the people cannot possibly bear. The federal sheriff may commit what oppression, make what distresses, he pleases, and ruin you with impunity; for how are you to tie his hands? Have you any sufficiently decided means of preventing him from sucking your blood by speculations, commissions, and fees?...
  • What You Simply MUST Understand

    10/18/2011 7:44:49 PM PDT · by RobertClark · 8 replies
    Market Ticker ^ | 10/18/2011 | Karl Denninger
    I linked a Youtube presentation a couple of days ago by a professor who explained the exponent thing. It was dry and I bet nobody went and watched the whole series; it was basically an hour long. Yet if you don't understand this, you understand nothing when it comes to economics and the lies told by both the left and right. You are not stupid, however: you are ignorant. That ignorance is intentional. Our "educational system", our bankers and our politicians intentionally fail to explain the fundamental concept explained in this Ticker for one and only one reason: Once you...
  • Gap to shutter a third of US stores, expand globally

    10/15/2011 10:18:43 PM PDT · by RobertClark · 14 replies
    MSNBC ^ | 10/14/2011 | Al Olson
    Gap, ubiquitous in malls across America, will reduce the number of its U.S. stores to 700 by 2013, a 34 percent decline from 2007, the company announced Thursday. Although it is shrinking its retail footprint in the U.S., the company announced it is expanding Gap and Banana Republic stores in China, Italy and South America. It is planning on tripling its Gap stores in greater China from roughly 15 at the end of this year to about 45 by the end of 2012, according to the press release. Another one of its brands, Old Navy, will make its debut outside...
  • US taxpayers could be on hook for Europe bailout

    10/15/2011 8:25:26 PM PDT · by RobertClark · 13 replies
    MSNBC ^ | 10/16/2011 | John W. Schoen
    So far, America's role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from America's status as the single largest source of money for the International Monetary Fund. The latest round of American financial assistance came Thursday with a promise by the Federal Reserve to swap as many dollars for euros as European bankers need. In the short run, those transactions won't have much impact because the central banks are simply swapping currencies of equal value.
  • OccupyWorkSpace! Join the Movement

    10/13/2011 5:08:12 PM PDT · by RobertClark · 2 replies
    TownHall.com ^ | 10/13/11 | John Ransom
    It’s a simple concept that’s been around since Adam and Eve were expelled from the Garden: Get a job. That’s how all the stuff you have is paid for, even if you live in a socialist country. In the sweat of thy face shalt thou eat bread, till thou return unto the ground; for out of it wast thou taken: for dust thou art, and unto dust shalt thou return - Genesis 3:19 KJV Of course capitalism produces more bread, more efficiently, and there is more innovation and surplus than in socialist countries. Out of that surplus bread come things...
  • Al-Qaeda joins those questioning legality of U.S. killing of citizen Awlaki

    10/10/2011 12:53:37 PM PDT · by RobertClark · 20 replies
    Washington Post ^ | 10/10/11 | Jason Ukman
    Al-Qaeda’s affiliate in Yemen has confirmed the deaths of American-born cleric Anwar al-Awlaki and Samir Khan, the young American propagandist killed alongside him in a U.S. drone strike late last month. Al-Qaeda has also criticized the Obama administration for killing U.S. citizens, saying doing so “contradicts” American law. “Where are what they keep talking about regarding freedom, justice, human rights and respect of freedoms?!” the statement says, according to a translation by SITE Intelligence Group, which monitors jihadist Web sites.
  • Flagship UK carbon capture project 'close to collapse'

    10/10/2011 6:17:16 AM PDT · by RobertClark · 24 replies
    The Guardian ^ | 10/06/2011 | Terry Macalister and Damian Carrington
    A £1bn flagship government project for fighting climate change – the construction of a prototype carbon capture and storage (CCS) project at Longannet in Scotland – is on the verge of collapse, it emerged on Thursday. Talks between the Department of Energy and Climate Change (Decc) and Scottish Power have run into deep trouble and the electricity supplier is expected to pull the plug on the government-promoted scheme, which hoped to bury carbon emissions from the coal power station in the North Sea.
  • Obama's "Millionaire Tax" Collected Over Next Ten Years Will Plug 4 Months Worth Of Deficit

    10/08/2011 5:18:23 PM PDT · by RobertClark · 7 replies
    ZeroHedge ^ | 10/7/2011 | Tyler Durden
    In order to keep the ongoing class warfare waged by the administration in perspective, today the CBO was kind enough to score the revenue impact of the proposed and much debated Buffett Tax, now appearing in non-populist literature as "Surtax on Millionaires." According to the Budget Office, said tax which is the source of substantial consternation among the population, would generate, over the next decade, a grand total of... drum roll... $453 billion. Why the drum roll? Because as we pointed out a few days ago, the US closed the 2011 fiscal year having added $1.23 trillion in debt (a...
  • Occupy Wall Street Could be Disaster for Democrats

    10/04/2011 6:14:51 PM PDT · by RobertClark · 18 replies
    Commentary Magazine ^ | 10/4/11 | Abe Greenwald
    You know real change is upon us because the celebrity left has come together. Susan Sarandon, Russell Simmons, Michael Moore, Roseanne Barr, Mark Ruffalo, Yoko Ono, and Alec Baldwin are speaking out. And when this many famous millionaires get preachy at the same time it can only mean one thing: they’ve had it up to here with the rich. Just as when hundreds of protestors claim police brutality their next logical step is to demand a larger and more powerful state, of course. If you’re having problems grasping the nuances of the Occupy Wall Street movement, you haven’t been paying...
  • Starbucks to Begin Collecting Donations to Stimulate U.S. Job Growth

    10/04/2011 10:06:55 AM PDT · by RobertClark · 19 replies
    CBS Seattle ^ | 10/03/11 | AP
    Starbucks hopes customers will be willing to pay at least $5 more when they stop in for their morning cup of Joe. Starting Nov. 1, Starbucks will begin collecting donations of $5 or more from customers to stimulate U.S. job growth through its “Jobs for USA” program. The Seattle-based coffee chain is collaborating with the Opportunity Finance Network, a nonprofit that works with nearly 200 community development financial institutions to provide loans to small businesses and community groups. Starbucks says 100 percent of the donations will go toward loans for firms and organizations that can add jobs or stem job...
  • After $200M Green Stimulus, Company Cuts 10% of Workforce

    10/04/2011 9:19:51 AM PDT · by RobertClark · 9 replies
    FoxNation ^ | 10/04/11 | Matthew Boyle
    President Barack Obama’s “green jobs” initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan. According to the Denver Post, the lab plans to eliminate between 100 and 150 of its 1,350 jobs. The Obama administration supported the NREL in 2009 with roughly $200 million in stimulus grants. Energy Secretary Stephen Chu visited Golden in May 2009 to promote the NREL as a beneficiary of those funds.
  • The Hoax That Is The Infrastructure Bank

    09/19/2011 7:06:54 PM PDT · by RobertClark · 15 replies
    The Daily Capitalist ^ | 09/18/2011 | Jeff Harding
    Does anyone seriously believe that the reason we have high unemployment in America is because we have a substandard infrastructure? Apparently the politicians in Washington believe that is so because they are trying to make a case for massive infrastructure spending in order to “create jobs” and to “prepare our economy for the 21st Century.” I was watching that fountain of conventional wisdom, Fareed Zakaria tonight and he seems to buy into this proposition. He interviewed Senator Kay Baily Hutchison about her proposal for an infrastructure bank: The Kerry-Hutchison Bipartisan Infrastructure Bank also known as the BUILD Act. It won’t...
  • Poverty In America: A Special Report

    09/18/2011 6:50:21 PM PDT · by RobertClark · 18 replies
    ZeroHedge ^ | 09/18/2011 | ilene
    Solutions Anyone? America is getting poorer. The U.S. government has just released a bunch of new statistics about poverty in America, and once again this year the news is not good. According to a special report from the U.S. Census Bureau, 46.2 million Americans are now living in poverty. The number of those living in poverty in America has grown by 2.6 million in just the last 12 months, and that is the largest increase that we have ever seen since the U.S. government began calculating poverty figures back in 1959. Not only that, median household income has also...
  • Here Is What Else To Expect From Obama Tomorrow Besides The "Buffett Plan"

    09/18/2011 5:15:07 PM PDT · by RobertClark · 31 replies
    ZeroHedge ^ | 09/18/2011 | Tyler Durden
    Tomorrow at 10:30 am Obama will present the balance of the details from his latest tax hike proposal, which obviously has no chance in hell of passing, but which will provide for substantial theater and hopefully deflect from the fact that Europe is closing an hour later. Courtesy of Reuters, here are some of the tax measures Obama has either already proposed, or may be looking at, to raise more tax revenue to help reduce the deficit, according to analysts, and what he will likely RECOMMENDATIONS MADE * The president wants a new tax on the rich, known as the...
  • Emanuel: Wellness program needed for city workers (Fine for not complying)

    09/17/2011 10:12:58 PM PDT · by RobertClark · 16 replies
    Daily Herald ^ | 09/16/2011 | AP
    Chicago Mayor Rahm Emanuel said Friday that taxpayers shouldn’t have to pay for city workers’ health care problems that are manageable.Chicago city employees would have to pay $50 per month more for health care if they choose not to participate in a wellness program announced by Mayor Rahm Emanuel.
  • Germany Rejects Geithner, ECB Refuses To "Print", Greece Gets Final Warning

    09/17/2011 8:12:13 PM PDT · by RobertClark · 7 replies
    ZeroHedge ^ | 09/17/11 | Tyler Durden
    Looks like no more official trips for G-Pap anywhere very soon: ECB'S WEIDMANN-IT IS WRONG TO ABANDON ALL PRINCIPLES OF MONETARY POLICY BY CITING A GENERAL EMERGENCY-SPIEGEL GERMAN CSU HEAD - IF GREECE CAN'T OR WON'T KEEP TRACK WITH RESCUE PLAN THAN AN EXIT FROM THE EURO ZONE IS CONCEIVABLE-SPIEGEL More from Reuters: European Central Bank Governing Council member Jens Weidmann told Germany's Spiegel magazine in an interview he considered it wrong to "throw out all established principles of monetary policy by citing a general emergency." In a preview of an interview to be published in the new edition of...
  • Jobs Bill Force States to Surrender Sovereignty

    09/17/2011 6:07:41 PM PDT · by RobertClark · 69 replies
    The White House ^ | 09/13/2011 | White House
    SEC. 376. FEDERAL AND STATE IMMUNITY. (a) Abrogation of State Immunity- A State shall not be immune under the 11th Amendment to the Constitution from a suit brought in a Federal court of competent jurisdiction for a violation of this Act. (b) Waiver of State Immunity- (1) IN GENERAL- (A) WAIVER- A State's receipt or use of Federal financial assistance for any program or activity of a State shall constitute a waiver of sovereign immunity, under the 11th Amendment to the Constitution or otherwise, to a suit brought by an employee or applicant for employment of that program or activity...
  • The Cost Of Obama's Stimulus Plan: $312,500 Per Job (Vote) Created Or Saved

    09/12/2011 6:09:58 PM PDT · by RobertClark · 6 replies · 1+ views
    ZeroHedge ^ | 09/12/11 | Tyler Durden
    For those eager to put some math to the rhetoric coming from the White House over the president's jobs creation plan, and that should be everyone, here is a quick and dirty estimate based on the numbers being thrown around of a 2% GDP increase in year 1 and 1.9 million jobs created or saved... most saved, as in those you can't really quantify. Said otherwise, roughly a $300 billion increase in GDP yields 1.9 million jobs. So far so good. Now since the president is proposing to pay for the program over 10 years, let's assume the $475 billion...
  • Goodbye Euro, Hello Drachma

    09/11/2011 4:38:13 PM PDT · by RobertClark · 68 replies
    ZeroHedge ^ | 09/11/2011 | Tyler Durden
    A few months ago, when Zero Hedge first broke the news that the Drachma is trading at several major banks on a "when issued" basis at the client's request, it was promptly dismissed. Alas, it may be time to dismiss the dismissal, after Spiegel reports that as one of the scenarios considered for a Greek default, Germany anticipates the reintroduction of the drachma by the pathological liars at the Greek parliament. Yes: the currency that Greece was so happy to jettison 10 years ago when after the assistance of Goldman to hide its bloated debt, to much pomp and circumstance...