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Keyword: economy

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  • Here are the most and least expensive states to live in the U.S. April 24, 2014, 12:50 PM ET

    04/24/2014 11:17:45 AM PDT · by illiac · 15 replies
    MarketWatch ^ | 4/24/14 | MarketWatch
    For the first time, the Commerce Departmentís Bureau of Economic Analysis released price-adjusted estimates of personal income for states and metropolitan areas for 2008 to 2012, and it shows that, at the very least, itís more expensive for Members of Congress to live in the nationís capital on their $174,000 salary than in any state from which they hail. The results show the District of Columbia, in 2012, had the highest ďregional price parityĒ of any state. Granted, D.C.ís really a city, not a state, and set against their more natural comparisons, it ranks fifth, behind the Urban Honolulu area,...
  • Summers: Economic pickup could come on unstable ground

    04/24/2014 11:11:00 AM PDT · by illiac · 2 replies
    MarketWatch ^ | 4/24/14 | Greg Robb
    The former Treasury secretary for President Bill Clinton and the head of the National Economic Council under President Barack Obama says itís not out of the realm of possibility that the economy could accelerate ó but the acceleration could come on unstable footing. In an interview with MarketWatch, the Harvard University professor, a former president of that university, talks about where possible bubbles could emerge, as well as his thoughts on Thomas Piketty, the author who has taken the financial world by storm.
  • Greens Are Reds - And Republicans need to prove it to voters

    04/24/2014 5:14:47 AM PDT · by Cincinatus' Wife · 14 replies
    American Spectator ^ | April 24, 2014 | Stephen Moore
    "......................One wonders whether wealthy liberals even understand that the green diktats they favor [impose] regressive taxes on the poor. Do they care? Environmentalists used to fantasize that their policy mandates would lead to ďgreen jobsĒ for working men and women, but that bubble popped awfully fast. Just ask the Germans, who are ditching expensive green wind and solar projects as fast as they can to save their flagging economy. The Leftís opposition to domestic energy production in Americaóand more broadly, a carbon-based industrial economyóoffers conservatives and Republicans a once-in-a-generation opportunity to win back the old Reagan Democrat swing voters, perhaps...
  • The Growing Perils of the Cashless Future

    04/23/2014 3:32:14 PM PDT · by SkyPilot · 39 replies
    CNBC ^ | 23 April 14 | Michael Kling
    We're finally on the brink of the cashless society that futurists and other have been forecasting for years. The average consumer owns at least two credit cards and early adopters have begun ditching plastic for virtual wallets. Even businesses that used to rely heavily on cash ó think taxis, food trucks or even craft fairs ó can now go cashless, thanks to new technology like Square. Yet, the more we abandon paper bills for plastic, smartphone payments and even cryptocurrencies like Bitcoin, the perils of the new, cashless economy are becoming more apparent. Recent security breaches at Target, Neiman Marcus...
  • Nevada rancher and former Shoshone chief's range war with BLM predates Bundy standoff

    04/22/2014 11:46:46 PM PDT · by blueplum · 6 replies
    Fox ^ | April 22, 2013 | Joshua Rhett Miller
    Long before Cliven Bundy faced down federal agents in his dispute with the Bureau of Land Management over grazing rights, fellow Nevada rancher Raymond Yowell, an 84-year-old former Shoshone chief, watched as the BLM seized his herd. Adding to that, since 2008 they've taken his money as well -- in the form of a piece of his Social Security checks. Yowell's 132 head of cattle had grazed for decades on the South Fork Western Shoshone Indian Reservation in northeastern Nevada until 2002, when the Bureau of Land Management (BLM) -- the same agency at odds with Bundy -- seized them....
  • Facebook Removes Post About Rancher Bundy

    04/17/2014 6:34:29 AM PDT · by george76 · 36 replies
    FOX News Radio ^ | April 17, 2014 | Todd Starnes
    landed in the Facebook gulag when I tried to post our daily Bible verse. ... Now before you call up the preacher had put me on the church prayer list Ė let me assure the posting was neither unseemly nor ungentlemanly. Nevertheless, it caused great consternation and angst among Facebookís left-wing censors. Following is the egregious text: ďRancher Bundy shouldíve told the feds that those were Mexican cows Ė who came across the border illegally to seek better grazing opportunities. It was an act of love.Ē Thousands of you posted comments and many more shared that message. Itís now gone...
  • Harry Reid: ďSomething Will HappenĒ To Stop Rancher Cliven Bundy

    04/22/2014 4:59:38 PM PDT · by george76 · 124 replies
    Gateway and CBS ^ | April 22, 2014 | Jim Hoft
    Senator Harry Reid told reporters the Bundy Ranch dispute is not over. ďSomething will happen.Ē ... Senate Majority Leader Harry Reid says ďsomething is going to happenĒ to get Nevada rancher Cliven Bundy to stop letting his cattle graze on federal land. ďItís obvious that you canít just walk away from this. And we can speculate all we want to speculate to whatís going to happen next,Ē Reid told KSNV-TV. ďBut I donít think itís going to be tomorrow that something is going to happen, but something will happen. We are a nation of laws, not of men and women.Ē...
  • The Progressive Aristocracy: The Left seeks a separate set of rules for themselves

    04/22/2014 9:17:42 PM PDT · by 2ndDivisionVet · 11 replies
    The National Review ^ | April 2, 2014 | Jim Geraghty
    In recent weeks, we examined the Obama administrationís willingness to reverse positions that it had once proudly proclaimed ó on whether an individual mandate is necessary, whether the individual mandate is a tax, whether it is important that you can keep your plan or doctor, whether lobbyists should work in a presidentís administration, whether a donor should be appointed U.S. ambassador, and so on. Then we noted environmentalists who said they would not criticize or attack lawmakers who supported the Keystone Pipeline, as long as they were Democrats. Last week, we expanded the discussion to progressivesí wide-ranging willingness to contradict...
  • The New American Fascism: It's time to name the perpetrators.

    04/22/2014 8:47:44 PM PDT · by 2ndDivisionVet · 35 replies
    The American Spectator ^ | April 22, 2013 | Jeffrey Lord
    It is the New American Fascism. And make no mistake ó the perpetrators are proud of it. Letís begin with dates and names. August 7, 2008: The New York Times reports that Nearly 10,000 of the biggest donors to Republican candidates and causes across the country will probably receive a foreboding ďwarningĒ letter in the mail next week. The letter is an opening shot across the bow from an unusual new outside political group on the left that is poised to engage in hardball tactics to prevent similar groups on the right from getting off the ground this fall. Led...
  • Price of Gas in U.S. Rises as Refiners Export More to Other Countries

    04/22/2014 12:36:23 PM PDT · by Theoria · 120 replies
    WSJ ^ | 21 April 2014 | Nicole Friedman
    Drivers in the U.S. are facing rising gasoline prices ahead of summer-vacation season, just as refiners here are shipping more gas to other countries. A new pipeline, built to release a glut of crude oil that was stuck in the middle of the country, is now feeding oil to refineries on the Gulf Coast that churn out gasoline and diesel. While these fuels still make their way to the Southeast and the East Coast, growing amounts are being sold to Mexico, the Netherlands, Brazil and other countries. The push into these markets has been spurred by the U.S. oil boom....
  • For Many Americans, 'Temp' Work Becomes Permanent Way of Life

    04/21/2014 7:23:05 PM PDT · by 2ndDivisionVet · 37 replies
    NBC News ^ | April 20, 2014 | Martha C. White
    For Americans who canít find jobs, the booming demand for temp workers has been a path out of unemployment, but now many fear itís a dead-end route. With full-time work hard to find, these workers have built temping into a de facto career, minus vacation, sick days or insurance. The assignments might be temporary ó a few months here, a year there ó but labor economists warn that companiesí growing hunger for a workforce they can switch on and off could do permanent damage to these workersí career trajectories and retirement plans. ďIt seems to be the new norm in...
  • Retail Store Closures Soar In 2014: At Highest Pace Since Lehman Collapse

    04/21/2014 2:52:51 PM PDT · by SeekAndFind · 27 replies
    Zero Hedge ^ | 04/21/2014 | Tyler Durden
    What a better way to celebrate the rigged markets that are telegraphing a "durable" recovery, than with a Credit Suisse report showing, beyond a reasonable doubt, that when it comes to traditional bricks and mortar retailers, who have now closed more stores, or over 2,400 units, so far in 2014 and well double the total amount of storefront closures in 2013, this year has been the worst year for conventional discretionary spending since the start of the great financial crisis!From Credit Suisse's Michael Exstein Since the start of 2014, retailers have announced the closure of more than 2,400 units,...
  • Chrysler Bankruptcy Still Affecting Economy

    04/21/2014 6:12:32 AM PDT · by LucianOfSamasota · 19 replies
    The Foundry ^ | 19 April, 2014 | Curtis Dubay
    This month marks the fifth anniversary of the Chrysler bankruptcy. President Obama will doubtless mark the occasion by talking about how his intervention saved the auto company. More noteworthy, however, is how the lawlessness of that intervention created tremendous uncertainty, which still chills the economy today. Todd Zywicki has written an excellent summary of President Obamaís actions in the Chrysler bailout. A shorter version goes like this. Starting under President Bush and continuing under President Obama, the federal government used TARP funds to keep Chrysler afloat. This gave the government effective control over Chrysler. As a result, the Obama administration...
  • Winter's Coming. And, Boy How We're Going to Wish We Still Had That Luxury Global Warming 'Problem'!

    04/20/2014 4:12:39 PM PDT · by 2ndDivisionVet · 39 replies
    Breitbart's London ^ | April 20, 2014 | James Delingpole
    Of all the many absurdities of the great climate change non-crisis which has been pointlessly obsessing our planet this last three or four decades, surely the most egregious is the way it has ignored one basic fact: global warming is good. No really, it is. As a few bold heretics - such as Australian geologist Ian Plimer in his book Heaven And Earth - have long been trying to tell anyone prepared to listen, the human species is designed for warmth not cold. Ice ages are something we should naturally fear; warming periods are something which for which we should...
  • Cliven Bundy and the Origins of the American Abundance Revolution

    04/20/2014 12:27:04 PM PDT · by 2ndDivisionVet · 35 replies
    Breitbart's Big Government ^ | April 19, 2014 | James P. Pinkerton
    Today, in the year 2064, as we look back over the last 50 years, it might seem as if the Abundance Revolution was inevitable, since so much wealth was involved. After all, it was wealth just waiting to be unleashed. Yet paradoxically, on the eve of the Abundance Revolution, many of Americaís leaders, on the right as well as the left, were preaching a strict doctrine of overall austerity. Indeed, as we look back and study the events of 2014, we can see the results of the Green eliteís ideologically-driven effort to squelch even the relatively small amount of prosperity...
  • Behind the cornucopia of higher food prices

    04/20/2014 9:50:27 AM PDT · by 2ndDivisionVet · 41 replies
    CNBC ^ | April 19, 2014 | John W. Schoen
    Alert shoppers are accustomed to watching food prices go up and down. But a string of forcesófrom droughts to diseasesóis raising the cost of a trip to the grocery store at a rapid clip. And it looks like it will be a while before the price pressure eases. Some of that pressure is coming from Californiaóthe source of roughly half the nation's fruits and vegetablesówhere a long-running drought is forcing farmers and ranchers to cut production. After the driest year on record, large sections of farmland are expected to lay fallow this year as the Golden State copes with an...
  • The One Word Democrats May Not Utter During the Campaign (Nope, it's not "Obamacare")

    04/20/2014 7:21:39 AM PDT · by SeekAndFind · 4 replies
    Pajamas Media ^ | 04/19/2014 | Rick Moran
    The One Word Democrats May Not Utter During the Campaign Posted By Rick Moran On April 19, 2014 @ 11:26 am In Politics | And it‚Äôs not ‚ÄúObamacare.‚ÄĚAs important as Obamacare is to the Republicans in the midterm elections, the economy still tops everyone‚Äôs list as the number one issue facing the country.Some Democratic political consultants are advising candidates to avoid using the term ‚Äúrecovery‚ÄĚ when describing the economy ‚ÄĒ for obvious reasons. This Fox News poll from January shows that 74% of Americans still think we‚Äôre in a recession. Any Democrat uttering the word ‚Äúrecovery‚ÄĚ is likely to...
  • Russia writes off 90 per cent of North Korean debt, expected to build gas pipeline (To South Korea)

    04/19/2014 4:45:20 PM PDT · by kronos77 · 31 replies
    Russia's parliament has agreed to write off about $10 billion of North Korea's Soviet-era debt, in a deal expected to facilitate the building of a gas pipeline to South Korea across the reclusive state. The State Duma lower house in Moscow on Friday ratified a 2012 agreement to excuse the bulk of North Korea's debt. It said the total debt stood at $10.96 billion as of September 17, 2012. The rest of the debt - $1.09 billion - would be redeemed during the next 20 years, to be paid in equal instalments every six months. The outstanding debt owed by...
  • Are The Swiss Going Crazy? $25 Minimum Wage Referendum In May

    04/19/2014 6:56:07 AM PDT · by Cheerio · 25 replies
    ZeroHedge ^ | 04/18/2014 | Pater Tenebrarum
    Most of our readers probably know what we think of minimum wages, but let us briefly recapitulate: there is neither a sensible economic, nor a sensible ethical argument supporting the idea. Let us look at the economic side of things first: for one thing, the law of supply and demand is not magically suspended when it comes to the price of labor. Price it too high, and not the entire supply will be taken up. Rising unemployment inevitably results. However, there is also a different way of formulating the argument: the price of labor must not exceed what the market...
  • Top Socialist Economist Says Heís Been Working With Democrats & Obama ďFor A Long TimeĒ

    04/18/2014 9:34:25 PM PDT · by 2ndDivisionVet · 30 replies
    Gateway Pundit ^ | April 18, 2014 | Patch W. Adams
    Have you ever wondered why the Obama Administrationís plans for improving the U.S. economy always seem to fall flat? It just might have something to do with the fact that the Obama Administration has been working with someone who doesnít like capitalism. According to an article on France24.com, a well known economist who isnít fond of capitalism, but promotes Socialism, has been working with the Democrats and the Obama Administration ďfor a long timeĒ: In his latest book, French economist Thomas Piketty warns that modern-day capitalism leads to unsustainable levels of inequality. While he is often linked to Franceís Socialist...
  • The richest man in Asia is selling everything in China

    04/17/2014 7:52:18 AM PDT · by SeekAndFind · 13 replies
    The Sovereign Man ^ | 04/17/2014 | Simon Black
    Hereís a guy you want to bet onĖ Li Ka-Shing. Li is reportedly the richest person in Asia with a net worth well in excess of $30 billion, much of which he made being a shrewd property investor. Li Ka-Shing was investing in mainland China back in the early 90s, way back before it became the trendy thing to do. Now, Li wants out of China. All of it. Since August of last year, heís dumped billions of dollars worth of his Chinese holdings. The latest is the $928 million sale of the Pacific Place shopping center in BeijingĖ this...
  • Putin says oil wars with Russia will make West bleed

    04/17/2014 7:34:50 AM PDT · by kronos77 · 20 replies
    Opportunities for the West to hurt the Russian economy are limited, President Vladimir Putin said Thursday. Europe cannot stop buying Russian gas without inflicting pain on itself, and if the US tries to lower oil prices, the dollar will suffer. If the West tries to damage Russiaís influence in the world energy market, efforts will likely backfire, the Russian President said during his twelfth annual televised question and answer session. To really influence the world oil market a country would need to increase production and cut prices, which currently only Saudi Arabia could afford, Putin said. The president added he...
  • Chinese Growth Slowest for 24 Years

    04/16/2014 1:25:01 PM PDT · by nickcarraway · 4 replies
    Guardian ^ | Tuesday 15 April 2014
    China's GDP grew 7.4% in the first quarter amid growing evidence that the powerhouse economy is easing offThe new railway station being built in Shenyang, Liaoning province. Investment in fixed assets dipped in the first quarter. China's annual economic growth slowed to its lowest for nearly a quarter of a century between January and March to 7.4% from 7.7% in the previous three months.
  • Caller: The American Dream is Alive and Well

    04/15/2014 11:04:49 PM PDT · by 2ndDivisionVet · 6 replies
    The Excellence in Broadcasting Network ^ | April 15, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Here's Brett in Cheyenne ... Wisconsin? Wow. It's great to have you on the program. Hello. CALLER: Cheyenne, Wyoming. Cheyenne, Wyoming. RUSH: I always thought it had to be Wyoming. I never heard of a Cheyenne in Wisconsin. CALLER: I wanted to call because I'm 27 years old, and I just wanted to let you know -- and let everyone know -- that the American dream is well and alive. I'm proof of it. I started out from absolutely nothing. With faith, drive, and determination I have built my own business from working part-time, waiting tables, to...
  • Sticker shock at the steak house; beef prices highest in 27 years

    04/15/2014 3:08:00 PM PDT · by 2ndDivisionVet · 67 replies
    Edd Hendee reached into the chilled glass case containing cold cuts of steak, the classic Texas entrťe upon which he built his restaurant and his fortune, proudly showing off his merchandise like a jeweler displaying his diamonds. ďThis is a center cut filet,Ē he said. ďItís the very best filet you can possibly buy. And thatís why itís expensive.Ē And lately, at the Taste of Texas restaurant in west Houston, itís become even more expensive. ďWhen the price goes from just under $20 a pound to us wholesale to almost $25 a pound, thatís almost a $5 increase in this...
  • Healthy Texas Economy Causes Surge in Housing Market

    04/15/2014 12:07:18 PM PDT · by 2ndDivisionVet · 1 replies
    Breitbart's Texas ^ | April 15, 2014 | Kristin Tate
    Housing markets have remained relatively weak in many areas of the U.S., with two notable exceptions: Washington, D.C. and Texas. Overwhelming evidence suggests that while the federal government, one of the nation's largest employers, is responsible for the ever-increasing housing demand in D.C.--the private marketplace is behind Texas' boom. The Lone Star State's pro-business environment, low taxes and reliable regulation have caused businesses to flock to the state. The result has been a bountiful job market, which draws individuals and families to Texas from around the world--many are eager to purchase homes upon arrival. Fresh statistics released by the federal...
  • Spanish-Style Riots Coming To A Country Near You

    04/15/2014 10:32:36 AM PDT · by blam · 13 replies
    Dollar Vigilante ^ | 4-15-2014 | James Guzman
    Spanish-Style Riots Coming To A Country Near YouJames GuzmanDollar Vigilante BlogApril 15, 2014 Screams and sirens pierce the air as rocks, firecrackers, and sharp glass go flying in every direction. Police try to beat back the hordes of protesters by smashing indiscriminately into the crowd with their billy clubs. This was the scene recently in Madrid, Spain, as tens of thousands of people took to the streets to fight against the budget cuts and tax increases put into place by Mariano Rajoy, the current Prime Minister of Spain. The protesters chanted ďno more cutsĒ as they demolished storefronts and threw...
  • CORE INFLATION UNEXPECTEDLY RISES

    04/15/2014 5:58:37 AM PDT · by blam · 49 replies
    BI ^ | 4-15-2014 | Matthew Boesler
    CORE INFLATION UNEXPECTEDLY RISES Matthew BoeslerApril 15, 2014, 8:30 AM ÔÄÉ ÔÉĀ Ôāě Ôāô ÔÉē Inflation unexpectedly accelerated in March due to increased costs of food and shelter, according to just-released data from the U.S. Bureau of Labor Statistics. Both the headline consumer price index and the "core" price index (which excludes food and energy prices) advanced 0.2% in March from the previous month, ahead of consensus estimates for a 0.1% rise in both series, matching February's pace. The year-over-year change in the core index rose to 1.7% from 1.6%, while the year-over-year change in the headline index was boosted...
  • Down and Out: Single fact explains why black Americans have a hard time climbing the economic ladder

    04/14/2014 9:57:05 PM PDT · by 2ndDivisionVet · 53 replies
    Slate ^ | April 3, 2014 | Jamelle Bouie
    ďWe didnít run from where we grew up. We arenít afraid to be associated with the people who came up with us.Ē Thatís Richard Sherman of the Seattle Seahawks writing in defense of his friend, DeSean Jackson, who was cut from the Philadelphia Eagles amid reports of gang ties. Sherman isnít trying to litigate the allegations or exonerate Jacksonóhe doesnít know the details. But he doesnít think itís wrong for Jackson to associate with the men from his childhood. And why would it be? Yes, some of them have criminal recordsóand for some, that includes gang activityóbut leaving home is...
  • PHOTOS: This Groundbreaking 3D Printer Built 10 Homes in 24 Hours

    04/14/2014 9:05:17 PM PDT · by 2ndDivisionVet · 43 replies
    RYOT ^ | April 14, 2014 | Oliver Micheals
    From Oreos to body parts, 3D printers have been cranking out some pretty unbelievable stuff lately. But in Shanghai, WinSun Decoration Design Engineering Co. has been using a monstrous printing device to build homes at a breakneck pace ó 10 homes in 24 hours. Measuring out at roughly 105 feet long, 33 feet wide, and 21 feet tall, this clearly isnít your average retail printer. Unlike most 3D printers, this printing giant is fed with cement rather than plastic, making it especially well-suited for home construction. The best part is the houses are super cheap to make and theyíre made...
  • This Chart Shows Us How Bad The Economy Really Is: ďFlashing Red WarningĒ

    04/14/2014 8:08:29 PM PDT · by Tolerance Sucks Rocks · 19 replies
    Freedom Outpost ^ | April 14, 2014 | Mac Slavo
    Recent weeks have led to a fairly significant drop in stock valuations, with many expert analysts struggling to figure out exactly why itís happening. Youíll hear them cite the weather, or market overreaction, or any number of reasons for why stocks have seen their share prices reduced and why theyíll be rebounding in the near-term. What they wonít show you on mainstream financial channels is whatís really happening behind the scenes. Forget about all the minute-by-minute noise for a moment and take a look at the following chart. It gives a very simple overview of earnings growth trends for stocks...
  • How To Get A Job Despite The Economy

    04/14/2014 1:09:21 PM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 04/14/2014 | Charles Hugh-Smith
    An entire new feedback loop of†accreditation†is necessary in the economy we have, and†fortunately that feedback is within our individual control.To paraphrase Donald Rumsfeld, we work in the economy we have, not the economy we might want or wish to have at a later time.†And what characterizes the economy we have?It's†bewildering†because nothing works like it's supposed to.†For example, getting a college degree was supposed to guarantee a good job and an 80% lifetime wage premium over people without college degrees.But in the economy we have, getting a college degree no longer guarantees a good job, or indeed, a job of any...
  • The IMF Is Sleepwalking Into Another Global Economic Catastrophe

    04/13/2014 6:39:05 AM PDT · by blam · 5 replies
    BI - The Guardian ^ | 4-13-2014 | PHILLIP INMAN, The Guardian
    The IMF Is Sleepwalking Into Another Global Economic Catastrophe The Guardian PHILLIP INMAN, The Guardian Apr. 12, 2014, 7:22 PM The complacency is palpable. Despite some dire warnings about risky trading and the threat posed by overly indebted banks, the mood last week at the International Monetary Fund's spring conference was one of calm. We have turned a corner since the financial crisis, the Washington-based organisation says. Normality is returning. And this will mean establishing normal interest rates (up from 0.5% in the UK to 2%-3%, according to Mark Carney), restoring normal inflation and generating steady growth in the west...
  • Finance officials: Global economy turns the corner (so says policy-setting panel of IMF)

    04/12/2014 5:37:22 PM PDT · by NormsRevenge · 20 replies
    Yahoo! News ^ | 4/12/14 | Martin Crutsinger and Harry Dunphy - ap
    WASHINGTON (AP) ó The world's top finance officials expressed confidence Saturday that the global economy finally has turned the corner to stronger growth. This time, they may be right. Despite challenges that include market jitters about the Federal Reserve's bond-buying slowdown and global tensions over Ukraine, policymakers said they believe there is a foundation for sustained growth that can provide jobs for the millions of people still looking for work five years after the worst recession since the Great Depression of the 1930s. "Creating a more dynamic, sustainable, balanced and job-rich global economy remains our paramount collective goal," the policy-setting...
  • Women's clothing retailer Coldwater Creek to close its doors

    04/12/2014 8:46:11 AM PDT · by afraidfortherepublic · 54 replies
    Minneapolis Star Tribune ^ | 4-11-14 | Jackie Crosby
    <p>The womenís clothing retailer failed to find a buyer or new capital. A liquidation sale is planned.</p> <p>Womenís specialty clothing chain Coldwater Creek filed for bankruptcy on Friday and said it will close all of its stores around the country, including 11 in Minnesota.</p>
  • UKRAINE Economic is most important news on today

    04/11/2014 11:18:48 AM PDT · by UMCRevMom@aol.com
    https://www.facebook.com/dmitry.tymchuk ^ | 11 April 6 minutes ago | Dmitry Tymchuk
    Economic results of 11 April the most important news on today, 11 April: energy and coal industry Minister Yuri Prodan said that njsc "Naftogaz of Ukraine" prepares a contract with German and French partner on the import of natural gas through reversnym routes from Western Europe. In addition, officials from the European Commission said on Friday that the EC no longer relates to the priority projects of the South stream gas pipeline, which would connect Russia with Western Europe. They reported that the priority is the development of links with alternative energy sources in Russia, in particular, the development of...
  • Coldwater Creek Files for Bankruptcy

    04/11/2014 10:49:18 AM PDT · by Red Badger · 17 replies
    wsj.com ^ | 04-11-2014 | By Tom Corrigan And Michael Calia
    Coldwater Creek Inc., CWTR -27.68% a women's clothing and accessory retailer, filed for Chapter 11 bankruptcy protection in Delaware Friday with a plan to liquidate its inventory and close its stores after failing to attract a buyer. The retailer said it had considered several strategic alternatives over the past six months, including a sale, although it couldn't find a buyer or raise enough capital to fund its business. Coldwater, which operates a catalog business, retail and factory stores, as well as an e-commerce website, expects to start going-out-of-business sales to liquidate its inventory in early May. Like much of the...
  • Jim Willie: US Dollar Funeral At Hand!

    04/10/2014 5:58:29 PM PDT · by Errant · 36 replies
    Silver Doctors ^ | 10 April 2014 | Jim Willie
    A global clash of nations is underway in full gear. The time is finally right. The urgency is acute. The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in...
  • Bill Clinton Points Out Gloomy State of Economy Under Obama

    04/10/2014 3:16:30 PM PDT · by 2ndDivisionVet · 25 replies
    Breitbart's Big Government ^ | April 10, 2014 | Charlie Spiering
    During his speech at the Civil Rights Summit held at the LBJ Presidential Library, former President Bill Clinton sounded a gloomy note about the current state of the economy under President Obama. Clinton, whom Obama frequently described as the ďSecretary of Explaining Stuff,Ē pointed out that the current state of the economy made it more difficult to unite Americans politically. ďIt is all the more difficult today because of the economic conditions that we find ourselves, where medium family income today after inflation is still lower than it was the day I left office,Ē he said, adding, ďwhere all over...
  • Petition Demanding Removal Of Condoleezza Rice From Dropbox Board Pops Up Online, On Twitter

    04/10/2014 2:46:40 PM PDT · by 2ndDivisionVet · 14 replies
    TechCrunch ^ | April 10, 2014 | Sarah Perez
    Internet activists are at it again. Following yesterdayís news regarding the appointment of Condoleezza Rice, former United States Secretary of State and National Security Advisor, to the board of cloud storage and syncing service Dropbox, a petition has sprung up online, demanding that users tell Dropbox theyíre opposed to this move, and threaten to leave the service if Rice isnít removed from the board. The appointment was not met without controversy, of course, as Riceís position in the Bush administration saw her commenting on Saddam Husseinís alleged weapons of mass destruction, which played a role in the U.S. deciding to...
  • The Black Horse Draws Near...Rev 4-6 pt 13

    And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(Revelation 6:5-6)The Lamb, bearing the marks of slaughter, has taken a book from the hand of the One who sits on the throne. The...
  • NLRB Wants to Stop Businesses From Moving

    04/09/2014 11:56:13 PM PDT · by 2ndDivisionVet · 17 replies
    RealClearPolicy ^ | April 7, 2014 | Peter Schaumber
    Richard Griffin, the new general counsel of the National Labor Relations Board, wants to give unions a veto over a unionized employer's decision to relocate. If Griffin has his way, and he most assuredly will, some unionized businesses will be pinned in place at the discretion of their unions. The change Griffin is contemplating is unnecessary and inconsistent with both the law and the dynamics of our free-enterprise system. It will upset the balance mandated by the Supreme Court and should send a chill up the spine of unionized companies contemplating relocating an operation. Griffin's intent was disclosed in a...
  • 9 Of The Top 10 Occupations In America Pay An Average Wage Of Less Than $35,000 A Year

    According to stunning new numbers just released by the federal government, nine of the top ten most commonly held jobs in the United States pay an average wage of less than $35,000 a year. When you break that down, that means that most of these workers are making less than $3,000 a month before taxes. And once you consider how we are being taxed into oblivion, things become even more frightening. Can you pay a mortgage and support a family on just a couple grand a month? Of course not. In the old days, a single income would enable a...
  • A FairTax question - are investment transactions included as taxable end-user purchases? (vanity)

    04/08/2014 9:36:35 AM PDT · by lump in the melting pot · 4 replies
    my lumpy little brain | 04/08/2014 | me
    An honest inquiry. I'm a big supporter of tax reform in general, and the FairTax in particular sounds like a very good proposal to me. Query as to whether investment purchases (stocks / bonds / ETFs / etc.) are included in the FairTax plan, and if so, at what rate (same as consumer purchases or different)? Opinions welcome as to whether this is or is not a good idea (increased tax base plus encouraging investing as a long-term purchase, vs. possible detriment to the financial market)? Thanks in advance, the lump.
  • This Is What Employment In America Really Looks LikeÖ

    04/07/2014 7:01:21 PM PDT · by Errant · 32 replies
    The Economic Collapse ^ | 6 April 2014 | Michael Snyder
    The level of employment in the United States has been declining since the year 2000. There have been moments when things have appeared to have been getting better for a short period of time, and then the decline has resumed. Thanks to the offshoring of millions of jobs, the replacement of millions of workers with technology and the overall weakness of the U.S. economy, the percentage of Americans that are actually working is significantly lower than it was when this century began. And even though things have stabilized at a reduced level over the past few years, it is...
  • [VIDEO] What if you only had to pay taxes for the government services you actually wanted?

    04/06/2014 6:30:59 PM PDT · by RealityAlwaysWins · 16 replies
    Youtube ^ | 4/6/2014 | Reality Always Wins
    Video: What if you only paid the taxes on the things you actually wanted from the government?We are forced to pay for the NSA to listen to our calls, welfare for people who don't want to work, lifetime pensions for those in Congress, Obamacare, and on, and on, and on....... But we apparently *still* don't pay enough according to them. Something to think about on April 15th. PS: Ever notice how April 15th is about as far as you can get in either direction on a calendar from the elections in November?
  • Banks Play Ball with Government to Hand Over Your Assets

    04/06/2014 11:31:58 AM PDT · by Kaslin · 38 replies
    Townhall.com ^ | April 6, 2014 | Bruce Bialosky
    Four years ago, I wrote a column about how the state of California had passed a law to make retailers turn over any unused gift cards to the State after a set period. The law did not consider any effects on the retailer; just the fact that California was grubbing for new revenue flows and once greedy politicians see a target they can devise any rationale for why the money or new tax should be placed into their coffers. The column also explored how the State was taking money from unclaimed bank assets as if it were another revenue...
  • Ukraine Rejects Gas Price Rise Set By Russia

    04/05/2014 6:56:40 AM PDT · by Fennie · 124 replies
    AGI ^ | April 5, 2014
    (AGI) Kiev, April 5 - Ukraine has declared that they will not pay the price of almost 500 dollars per cubic metre for Russian gas, announced recently by the Russian gas consortium Gazprom. Kiev has also accused Moscow of conducting 'economic' aggression'. "Political presure will prove useless, we are not accepting the price of 500 dollars", Ukrainian Prime Minister Arseniy Yatsenuk said during a cabinet meeting. He added: "Russia has not succeeded in conquering Ukraine with military aggression, so now they are opting for an economic aggression."
  • The State Of The Big Four Recession Indicators

    04/04/2014 4:36:57 PM PDT · by blam · 7 replies
    BI - Advisor Perspetives ^ | 4-4-2014 | Doug Short, Advisor Perspectives
    The State Of The Big Four Recession Indicators Doug Short, Advisor Perspectives April 4, 2014, 6:25 PM Note from dshort: This commentary has been revised to include today's release of the March Nonfarm Employment data.Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process. They are: Industrial...
  • A 400 point Hypothetical Dow Jones drop.... ~ Vanity

    04/04/2014 2:06:52 PM PDT · by GraceG · 15 replies
    So this is the 3rd time today I heard that the Dow only dropped 100 popints but should have dropped 400 points. Or so the news reader on the radio has been saying, i am a bit confused about this? What exactly are they trying to say? Are they insinuationg that the economy is rigged, which we all know to be true...