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Keyword: economy

Brevity: Headers | « Text »
  • Ted Cruz to address Latino issues in Hispanic Chamber of Commerce Q&A event

    04/17/2015 8:53:20 PM PDT · by 2ndDivisionVet · 39 replies
    Fox News Latino ^ | April 17, 2015 | Elizabeth Llorente
    Sen. Ted Cruz, the Texas Republican who is running for president, plans to meet with the head of a national Latino organization who accused the lawmaker of distancing himself from his ethnic community. Cruz is scheduled to meet on April 29 with Javier Palomarez, president and CEO of the U.S. Hispanic Chamber of Commerce, and hold a question-and-answer session in Washington D.C. before an audience of business leaders and journalists. “The Hispanic Chamber is an important constituency,” said Rick Tyler, the national spokesman for the Cruz campaign. “We’re going to have a conversation, the host and the senator. They will...
  • Walker Support Solid, Establishment Favorite Bush Struggles in N.H.

    04/17/2015 8:56:11 AM PDT · by Cincinatus' Wife · 21 replies
    Breitbart Big Government ^ | April 17, 2015 | Mike Flynn
    As the Republican presidential candidates gather this weekend in New Hampshire, they’re all chasing a midwestern governor. The latest survey of New Hampshire Republicans, by liberal-leaning Public Policy Polling, finds Wisconsin’s Scott Walker with a strong lead at 24 percent, followed by a rising Texas Sen. Ted Cruz. Establishment favorite Jeb Bush is currently mired in fourth place, with 10 percent support, a drop from the last PPP poll of the first-in-the-nation primary state. Other polls show the race remains tight. The RealClearPolitics average has Walker at 19 percent, followed by Bush at 15 percent and Sen. Rand Paul at...
  • Bill Clinton Housing Policy Wrecked Economy, Not the 1%

    04/17/2015 7:29:05 AM PDT · by SeekAndFind · 14 replies
    IBD ^ | 04/17/2015
    With typical gall, Hillary Clinton in her campaign launch lit into "those at the top" for "stacking" the deck against middle-class families when in fact they are buried under the house of cards built by her husband. Earth to Hillary: It wasn't the richest 1% or Wall Street bankers who crashed the economy and created financial wreckage from which working Americans "have fought" to dig themselves out of. No, that path to destruction was set by Bill Clinton and his social housing policies. The evidence is overwhelming that Clinton was the architect of the financial disaster that wiped out trillions...
  • The Jerk - Scott Walker vs. The World

    04/17/2015 3:42:20 AM PDT · by Cincinatus' Wife · 45 replies
    The Daily Beast ^ | April 17, 2015 | David Freedlander
    Illustration by Sarah Rodgers/ The Daily BeastWhile the rest of the GOP field plays nice, Scott Walker is very much on the attack—and he’s not making many friends in the process. In the waning days of the 2014 elections, Chris Christie arrived in Ohio to campaign for his fellow Republican John Kasich. At a rally for over 700 people in the town of Independence, the Ohio governor said of his New Jersey counterpart that, “among all the governors, he’s my best friend.” The audience let out a collective “awww.” The two were shown the next day on the front of...
  • GOP contenders gather in NH: 5 things to watch for

    04/17/2015 2:08:37 AM PDT · by Cincinatus' Wife · 9 replies
    Telegram - Worchester ^ | April 17, 2015 | AP - Steve Peoples 
    NASHUA, N.H. (AP) - Nearly 20 Republican White House prospects will court presidential primary voters in New Hampshire this weekend at a state GOP meeting in Nashua. It's the first gathering of its kind in the first-in-the-nation primary state this year and offers no shortage of intriguing storylines as Republican contenders across the political spectrum deliver speeches, answer questions and work to stand out in the crowd. Five things we'll be watching for: [SNIP] Debbie Wasserman Schultz, chairwoman of the Democratic National Committee, will be in New Hampshire as well to make sure Republicans don't get a free pass. [SNIP]
  • Indisputable proof that Republicans are warriors for the aristocracy [by issue-trespassing]

    04/17/2015 12:08:47 AM PDT · by Cincinatus' Wife · 15 replies
    Salon ^ | April 16, 2015 | Heather Digby Parton
    .......As Brendan Nyhan at the New York Times explained in February, this sort of thing is called “issue-trespassing,” where one party attempts to co-opt an advantage of the other by pretending to care about something nobody thinks they care about. In this case, the GOP seemed to be admitting that their reputation as the party of the 1 percent wasn’t helpful to their cause, so they decided to try to shift the blame to President Obama. Nyhan points out that data suggests this rarely ever works, because people rely on party stereotypes no matter how hard those parties try to...
  • Many say "consumption" drives the US economy. This financial expert says that is completely wrong.

    04/16/2015 9:57:34 AM PDT · by fredericbastiat1 · 84 replies
    TheBlaze Books ^ | 2015-04-06 | Benjamin Weingarten
    If you listen to the news on the economy or financial markets, you have probably heard statements like “consumption drives the American economy,” or “consumption is 70% of the economy.” But in a new book out that follows in the footsteps of Henry Hazlitt’s classic “Economics in One Lesson” — though in a much more fun package — titled “Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics,” Forbes and RealClearMarkets Editor, and senior economic advisor to Toreador Research and Trading John Tamny challenges this and much other “conventional wisdom” on taxes, regulations,...
  • Super PAC formed to help Scott Walker in 2016 campaign

    04/16/2015 8:07:03 AM PDT · by Cincinatus' Wife · 1 replies
    Milwaukee Journal Sentinel ^ | April 16, 2015 | Mary Spicuzza
    Gov. Scott Walker's likely 2016 presidential campaign got a boost Thursday when two of his longtime campaign managers formed a political group that can raise and spend unlimited amounts of money, The Associated Press reports. They are calling the group Unintimidated PAC, a reference to [Governor Scott] Walker's 2013 book, "Unintimidated: A Governor's Story and a Nation's Challenge." The AP reports that the super PAC will be led by Keith Gilkes, a longtime Walker aide who ran Walker's 2010 gubernatorial campaign and previously served as his chief of staff. Gilkes also ran Walker's successful 2012 recall election, which was triggered...
  • What Is the State of the U.S. Gun Business?

    04/16/2015 5:48:41 AM PDT · by KeyLargo · 37 replies
    THE WALL STREET JOURNAL ^ | 4-16-2015 | Marcelo Prince and Carlos A. Tovar
    What Is the State of the U.S. Gun Business? By Marcelo Prince and Carlos A. Tovar After several years of strong sales to civilians worried about new regulations, big U.S. firearms makers have recently reported lower sales. The overall number of American households with guns is declining..
  • Chicago: Economic Death Spiral After 84 Years of Democratic Control

    04/16/2015 4:22:20 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | April 16, 2015 | Larry Elder
    Chicago Mayor Rahm Emanuel, after winning reelection, pronounced Chicago "the greatest city in America." Run by Democrats for more than eight decades, Chicago should serve as a showplace that reflects the wonderful world of "progressive policies." Public schools are a mess, and the city's finances place their bonds at near junk level. In 2013, the city averaged 36 homicides a month, with the majority of them unsolved. CNN aired a series on Chicago called "Chicagoland," starring the city's dynamic mayor. Presumably, Emanuel thought it would show off the mayor as he tackled the city's problems. Why, if the man his...
  • LETTERS: Candidate Ted Cruz; oil and gas interests

    04/15/2015 11:04:37 PM PDT · by 2ndDivisionVet · 12 replies
    The Fort Worth Star-Telegram ^ | April 15, 2015 | Various
    Candidate Ted Cruz A declared presidential candidate has a proven track record that supports his promises to honor the Constitution and his Christian faith. He has the audacity to imagine smaller, less-intrusive government, healthcare between doctor and patient without government, a greatly simplified tax system with a flat tax, a strong military, our unabridged right to bear arms, a controlled southern border and education controlled by the states — not by the federal government or the United Nations. These positions synchronize with those of George Washington, the remainder of our Founding Fathers and Ronald Reagan. How refreshing! For these views...
  • Is Newark the Next Brooklyn?

    04/15/2015 9:55:20 PM PDT · by 2ndDivisionVet · 4 replies
    Politico Magazine ^ | March 19, 2015 | Jason Nark
    The “homeless billionaire,” a world-renowned architect and the future of Brick City.Newark is building again. Yes, that Newark—the city in Jersey that burned after the ’67 riots, the one that helped to define “white flight,” that struggles still with almost impenetrable unemployment and homelessness and crime. That city is building. And here it all is—its past and present and future—pouring through Irene Hall’s floor-to-ceiling windows downtown: the whites and browns of the Old First Presbyterian Church, founded in 1666; haggard red brick facades with windows sealed off by cinderblock; the neon blue lights of Hotel Indigo, which opened last year...
  • GM is shielded from some ignition-switch suits, ruling finds

    04/15/2015 3:38:25 PM PDT · by Theoria · 33 replies
    Reuters ^ | 15 April 2015 | Jessica Dye and Nick Brown
    General Motors Co will not have to face dozens of lawsuits accusing it of concealing an ignition-switch defect that has been blamed for more than 200 deaths and serious injuries, a U.S. bankruptcy judge ruled on Wednesday. Plaintiffs in the lawsuits said the company violated their constitutional rights by failing to disclose the defect, while GM had argued it was protected from claims on vehicles pre-dating its 2009 exit from Chapter 11 bankruptcy. The decision by U.S. Bankruptcy Judge Robert Gerber means GM may avoid potentially billions of dollars in liability, as well as the cost of defending those lawsuits,...
  • CRUZ: More of Americans’ hard-earned wages should be able to stay in their wallets

    04/15/2015 12:49:48 PM PDT · by 2ndDivisionVet · 26 replies
    The Pearland Journal ^ | April 15, 2015 | Senator Ted Cruz (R-TX)
    U.S. Sen. Ted Cruz, R-Texas, released the following statement marking Tax Day: "Tax day is upon us again. But this year it’s different. This year, on top of the frustrating reminder that Americans are giving too much of their income to fund too many wasteful government programs, families are now being forced to pay the Obamacare tax for the first time. "Instead of government-run healthcare that increases taxes, limits options, and puts the government between patients and their doctors, imagine a free-market system that enables healthcare to be personal, portable and affordable. Instead of a tax code that crushes innovation...
  • Scott Walker has double-digit lead in New Hampshire: poll

    04/15/2015 10:30:09 AM PDT · by Cincinatus' Wife · 62 replies
    Washington Times ^ | April 15, 2015 | David Sherfinski
    "...Mr. Walker is the top presidential choice for 24 percent of GOP primary voters, according to the poll out Wednesday from the Democratic firm Public Policy Polling. ....Mr. Walker was viewed most favorably by GOP primary voters; 57 percent had a favorable opinion of him, compared to 13 percent who had an unfavorable opinion. He also led among a swath of the potential primary electorate, winning over GOP voters who identified themselves as “moderate,” “somewhat conservative” and “very conservative.”....
  • 9 reasons America is a lousy place to raise kids

    04/15/2015 9:55:34 AM PDT · by 2ndDivisionVet · 31 replies
    Alex Henderson's Blog ^ | March 17, 2015 | Alex V. Henderson
    With income inequality on the rise, only the rich can afford to raise their children with any degree of comfort.As the GOP presidential primary heats up and the 2016 election draws closer, Republicans have been pandering to their far-right evangelical base and blaming social liberalism for the decline of “family values” in the United States. Louisiana Gov. Bobby Jindal insists that liberals are declaring war on families and religious liberty; former Arkansas Gov. Mike Huckabee has been beating the culture war drum and railing against abortion, gay rights, feminism, same-sex marriage and sexy images in pop music. And as usual,...
  • Jack Welch: We Talked about Brian Williams Replacing Jay Leno (Likes Ted Cruz)

    04/15/2015 8:43:43 AM PDT · by 2ndDivisionVet · 13 replies
    Fox News Radio ^ | April 15, 2015 | Brian Kilmeade
    Former CEO of GM Jack Welch and wife Suzy, authors of “The Real-Life MBA: Your No-BS Guide to Winning the Game, Building a Team, and Growing Your Career”, talked to Brian on Kilmeade and Friends about why they wrote the book.---snip--- (AUDIO-AT-LINK)On the 2016 GOP Presidential candidates, Jack Welch told Brian that he is taking a very interesting and deep look into Senator Ted Cruz (R-TX) because he likes what he stands for, has guts, and does what he says....
  • AFL-CIO ramps up its effort against Obama trade agenda

    04/13/2015 10:16:53 AM PDT · by Theoria · 7 replies
    The Hill ^ | 13 April 2015 | Vicki Needham
    The AFL-CIO is ramping up its efforts this week to convince Congress to oppose giving the White House fast-track authority on trade. The labor group is holding events across the country as part of a “week of action” on trade. “The week of action will increase the political momentum and grassroots opposition to fast track the same week Congress is expected to begin consideration of a trade promotion authority bill,” the AFL-CIO said in a statement. Lawmakers, labor union leaders and their members will hold a rally Wednesday on Capitol Hill and follow that up with 50 grassroots events around...
  • Trade fight looms as Congress returns

    04/13/2015 9:53:49 AM PDT · by Theoria · 2 replies
    Politico ^ | 13 April 2015 | Doug Palmer and Adam Behsudi
    A smoldering debate over trade is expected to get even hotter after Congress returns from its two-week spring break. Senate Finance Committee leaders Orrin Hatch and Ron Wyden appear poised to introduce a “fast track” trade promotion authority bill along with House Ways and Means Committee Chairman Paul Ryan. But months of closed-door negotiations were continuing on Friday, congressional aides said. The power, largely embraced by Republicans, pits many congressional Democrats, including Sen. Elizabeth Warren and potentially Senate Democratic leader-in-waiting Charles Schumer, against the White House. The measure would allow President Barack Obama to submit free trade agreements to Congress...
  • The Potemkin Economy: How the Press is hiding the holes in the economy

    04/13/2015 8:04:54 AM PDT · by SeekAndFind · 13 replies
    Pajamas Media ^ | 04/13/2015 | Tom Blumer
    The disappointing March employment report the government released on April 3 [1] finally forced the business press to ‘fess up to the truth, best summed up in words found at the Associated Press [2]: ”For months, the U.S. economy’s strength has been flagging.”That admission takes “too little, too late” to a whole new level.During the past several months, business scribes and broadcasters have largely pretended that all is well, constructing and maintaining a Potemkin-like facade of a prosperous economy, even as the vast majority of hard-number economic indicators turned in performances ranging from middling to awful. To prop up their...
  • 2016 GOP field piles on Clinton

    04/12/2015 1:51:25 PM PDT · by Cincinatus' Wife · 21 replies
    The Hill ^ | April 12, 2015 | Mark Hensch
    The 2016 Republican presidential field on Sunday greeted Democratic candidate Hillary Clinton’s entrance into the race with skepticism. Sen. Rand Paul (R-Ky.) led the charge by releasing several anti-Clinton items in his campaign store, which offers bumper stickers, posters and t-shirts emblazoned with the slogan “liberty, not Hillary.” The Kentucky lawmaker continued his attack with a GIF tweeted out to the social media masses. It mocked allegations Clinton used a private email server as secretary of State by showing a mobile phone deleting messages addressed to her. Paul additionally released his first television ad attacking Clinton on Sunday. The minute-long...
  • The American Investor's Stock Holding's at All-time High --Investor Thread May 12, 2015

    04/12/2015 10:27:18 AM PDT · by expat_panama · 44 replies
    Weekly Investor's Thread ^ | April 12, 2015 | freeper investors
      The total privately owned stocks and mutual fund shares adds up to a soaring record total $21,169,400,000 --according to the latest Federal Reserves Flow of Funds Report.  Yeah I see all the hands waving --and the big question that follows has to do with population and inflation.  We went through this back on an earlier thread when the press was tootin' about how America's private wealth was supposedly at an all time high but only as a total of inflated dollars.  The average American's total holdings in real dollars is still less than it was eight years ago. ...
  • No reason for India to be poor, says PM Narendra Modi while addressing Indians in Paris

    04/11/2015 8:33:46 PM PDT · by 2ndDivisionVet · 10 replies
    DNA India ^ | April 11, 2015 | Staff
    Indians did not fight in World War I because they wanted to expand their territorial boundaries, PM Modi said at the Carrousel du Louvre in Paris. On the 100th anniversary of World War 1 on Saturday, PM Modi visited the WWI Memorial at Neuve Chapelle. Later in the day, he addressed Indian diaspora at Carrousel du Louvre in Paris. Prime Minister Narendra Modi on Saturday visited the Airbus A 380 assembly line facility soon after arriving in Toulouse. Toulouse is the home as well for the Airbus’ A380 final assembly line – a massive facility that provides a space of...
  • Wisconsin Gov. Scott Walker wins Charleston GOP straw poll

    04/11/2015 1:01:10 PM PDT · by Cincinatus' Wife · 55 replies
    Post and Courier, Charleston, SC ^ | April 11, 2015 | Schuyler Kropf
    Wisconsin Gov. Scott Walker won the Charleston County Republican Party’s straw poll Saturday as the GOP came together to organize ahead of the 2016 election season.... ....Saturday’s convention was part of the regular business of the party. The straw poll was loosely conducted with about 240 delegates eligible to take part. Presidential hopeful Walker was recently in Charleston where he spoke out against unions and in support of Gov. Nikki Haley. He drew 24 votes or about 10 percent of the total. The next top finishers were: U.S. Sen. Rand Paul, 20 votes; R-Ky., Sen. Ted Cruz, R-Tex., 18 votes;...
  • McDonalds Employees Make Further Push to Automate Their Jobs

    04/11/2015 2:08:44 AM PDT · by 2ndDivisionVet · 31 replies
    WorkersCompensation ^ | March 18, 2015 | Robert Wilson
    In a clearly orchestrated move, 28 McDonalds employees from around the nation filed health and safety complaints against their employer Monday, claiming they were severely burned while working and told by managers to treat the wounds with condiments. The employees were assisted in this effort by the "Fight for $15" campaign, a program launched by the Service Employees International Union. The SEIU has been attempting to unionize fast food workers, and as part of a broader effort, trying to get independent franchisees declared as "joint employers" so as to facilitate that process and gain access to the much deeper pockets...
  • Scott Walker Isn't Sorry - Wisconsin governor concedes nothing to his critics [race-baiters]

    04/11/2015 1:36:07 AM PDT · by Cincinatus' Wife · 37 replies
    The Atlantic ^ | January 29, 2015 | Peter Beinart
    "... Walker concedes nothing to the conventional wisdom about what the GOP must do to compete in a more culturally tolerant, ethnically diverse and economically insecure America. And the GOP faithful love it.It starts with ethnicity and race. Since 2012, many prominent Republicans have made overtures to African Americans and Latinos....Not Walker. His speech in Iowa not only slammed President Obama’s executive action legalizing some undocumented immigrants. It didn’t even include the love-letter to legal immigrants that Republicans typically use to shield themselves from charges of being anti-Hispanic. In addition, Walker said nothing about reaching out to African Americans and...
  • How To Shut Someone Up The Next Time They Blame The Brutal Winter For The Economic Collapse

    04/10/2015 8:01:58 AM PDT · by SeekAndFind · 16 replies
    Zero Hedge ^ | 04/10/2015 | Tyler Durden
    In a note today, Bank of America economists (after looking at weather data) admit their finding "puts us in an awkward spot today." What did it find? Namely that all those who reran that 2014 playbook, Ethan Harris and other Bank of America economists included, and decided to blame the weather for Q1 GDP crashing from over 3% to under 1%, are wrong or simply lying. Here is BofA: Is weather the main reason for recent weak economic data? While we would love to blame the weather for all of our bad forecasts, in reality it is hard to...
  • Walker: Legal Immigration Should Protect American Workers and Wages

    04/10/2015 4:36:42 AM PDT · by Cincinatus' Wife · 8 replies
    Weekly Standard ^ | April 10, 2015 | Daniel Halper
    "....... [VIDEO] "“Once you [secure the border] then you can talk about enforcing the laws by using an effective e-verify system for all employers, one that works for small businesses, farmers, and ranchers, and making sure that any legal immigration, no amnesty, any legal immigration system we go forward with is one that ultimately has to protect American workers and make sure that American wages are going up. That's the way we prosper for every hard working American in this country," Walker told Hannity. Walker is so far the first possible Republican presidential candidate to make the case the immigration...
  • Blacks Lose Ground under Obama - And Republicans should remind them

    04/10/2015 1:27:32 AM PDT · by Cincinatus' Wife · 51 replies
    National Review ^ | April 10, 2015 | Deroy Murdock Read more at: http://www.nationalreview.com/article/416735/blacks-lose-ground-under-o
    As a declared presidential candidate, Senator Rand Paul (R., Ky.) should generate even bigger headlines when he addresses black audiences, as he has at Howard University and other venues. When he was executive of mainly Democratic Milwaukee County, Governor Scott Walker (R., Wis.) appealed to black voters; his reelection majorities consistently increased. These and other Republicans should ask black Americans for their votes from now through November 2016. They should do so by challenging blacks to ask themselves an honest question: “What, exactly, have you gained by handing Obama 95 percent of your votes in 2008 and 93 percent in...
  • Gov. Scott Walker Heads To Europe On Trade Mission

    04/09/2015 12:40:11 PM PDT · by Cincinatus' Wife · 6 replies
    The Street ^ | April 9, 2015 | Scott Bauer
    MADISON, Wis. (AP) — Gov. Scott Walker heads to Europe this week on a trade mission featuring private meetings with business and government representatives in Germany, France and Spain, as he ramps up for a likely bid for the Republican presidential nomination in 2016. The most high-profile event on Walker's itinerary comes Tuesday when he's slated to deliver a 15-minute speech titled "Opportunities for bilateral trade and investment" at the Hannover Messe trade show in Germany. That is the world's largest industrial fair, Walker's office said in the documents detailing the trip provided to The Associated Press.... Walker's last trade...
  • The Day Frozen Pudding-Pops Destroyed Boris Yeltsin's Faith in Communism

    04/09/2015 10:19:06 AM PDT · by Reaganite Republican · 80 replies
    Reaganite Republican ^ | 09 April 2015 | Reaganite Republican
    After a September 1989 tour of Houston's Johnson Space Center, Boris Yeltsin -freshly elected to the new Soviet Politburo- made an impromptu visit to a typical American grocery store -'Randalls'- in Clear Lake, Texas, to have himself a look around... And more than anything he'd seen at the advanced NASA facility, what really blew Yeltsin away was the sheer variety of goods at the supermarket. The fact that such stores where to be found in just about any town in America was said to be beyond comprehension for the Soviet politician- the pictures tell a thousand words- A mesmerized Yeltsin wandered the isles, marveled...
  • Strapped Americans Headed for “Civil Unrest and Riots,” With Poor Spending 60% on Bare Essentials

    04/09/2015 6:04:35 AM PDT · by HomerBohn · 90 replies
    SHTF ^ | 4/8/2015 | Marc Slavo
    It is clear that the economic realities falling upon the masses in America are driving us towards a crisis point. Even with substantial government subsidies, the bottom 10% of Americans are beyond struggling, spending more than 60% of their meager incomes on the bare essentials. According to the latest official numbers, the poorest in the United States are spending 42% of their income on housing and another 17% on food, statistics that are unsustainable for individuals and families. The Wall Street Journal reported: For many Americans, the rise in food and housing prices is a tough squeeze. That’s because—even in...
  • Report: People Fleeing High-Tax States for Low-Tax Alternatives

    04/08/2015 10:08:09 PM PDT · by Olog-hai · 31 replies
    Cybercast News Service ^ | April 8, 2015 - 9:38 AM | Rudy Takala
    Utah, Texas, and North Dakota, where taxes are low, are the most economically vibrant states in the country, according to a new report. The high-tax states of New York and Michigan rank at the bottom. Additionally, the report found, millions of people left highly-taxed states for low-tax states between 2003 and 2013. The 8th edition of Rich States Poor States, an annual report released by the American Legislative Exchange Council (ALEC) on Wednesday, found that 1.5 million people left New York between 2003 and 2013, the largest exodus of any state. California came in second by that indicator, with 1.4...
  • Grants Because the Economy Isn’t Doing So Well

    04/08/2015 4:06:10 PM PDT · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 04/08/15 | Dr. Ileana Johnson Paugh
    While we keep printing, spending, and giving away billions of dollars like there is no tomorrow, can anybody mathematically comprehend what $18 trillion of national debt means? Does anyone even care anymore? The economy is so rosy, the statistics tell us, we are at what economists call full employment. “Full employment is a situation in which everyone who is willing and able to work can find a job. At full employment, the measured unemployment rate is still positive.” Economists have argued for years that the full employment number was somewhere “near 5 percent unemployment.” President John F. Kennedy tried to...
  • Why the middle class is doing even worse than you think (the "green shoots" are long dead)

    04/08/2015 3:58:23 PM PDT · by Red in Blue PA · 14 replies
    One of the great mysteries about the U.S. economy today is the discrepancy between the objective and subjective pictures we have of the middle class. The numbers say that the middle class is doing OK or even improving its lot; middle class families themselves say they're being crushed under economic hobnail boots. ..... They combine the approaches and solve the mystery. In effect, they've shifted from defining middle class as merely anyone earning a middle-income to defining the class as a fairly stable demographic group and looking at how it's doing relative to middle income. By defining the middle class...
  • No Income Tax States Outperform High Tax States

    04/08/2015 3:18:10 PM PDT · by ThethoughtsofGreg · 3 replies
    American Legislator ^ | 4-8-15 | Will Freeland
    Public policy matters to economic performance. Economic theory and data have established this link clearly. Most notably, limited government, free market policies that unlock the creative potential entrepreneurs and small business matter deeply to state economic health. Rich States, Poor States, released today and now in its 8th year, compares the 50 states public policy climate to see which states are most poised for growth. Utah again earns the top spot for states with the best economic outlook, followed by North Dakota, Indiana, North Carolina and Arizona, according to the newest edition of Rich States, Poor States. New York comes...
  • 47% of American households save nothing

    04/08/2015 1:48:29 PM PDT · by SeekAndFind · 39 replies
    Business Insider ^ | 03/25/2015 | Shane Ferro
    This could be the scariest chart in the world, from Deutsche Bank's Torsten Slřk. Nearly half of American households don't save any of their money. If it it isn't obvious, this has a broad range of implications. People who don't save won't have any buffer should the economy turn and they lose their jobs. Longer term, people who don't save won't have the capacity to retire. It's not good.
  • More than 300 Chicago jobs lost as TigerDirect shutters stores

    04/08/2015 8:09:34 AM PDT · by fulltlt · 12 replies
    Crain's Chicago Business ^ | 4/6/2015 | Crain's Chicago Business
    More than 300 Chicago-area jobs will be lost when electronics retailer TigerDirect closes all but three of its 34 stores, including four Chicago-area locations and a distribution center. About 40 employees at each location will be cut, a spokeswoman said. Stores in Orland Park, Hoffman Estates, Naperville and Vernon Hills are among those closing. According to the latest Illinois Warn report, layoffs will occur at the retail locations May 9. A distribution center adjacent to the Naperville store will also be shuttered, with 172 workers scheduled to be laid off June 8.
  • President Obama takes on Governor Scott Walker ["Won't be punching bag for these characters"]

    04/08/2015 5:08:33 AM PDT · by Cincinatus' Wife · 53 replies
    Fox 6 Now ^ | April 8, 2015 | CNN wire
    "...........In the most recent in a string of digs, the President this week slammed Walker for taking a “foolish approach” to the country’s nuclear negotiations with Iran, coolly suggesting the governor might benefit from taking “some time to bone up on foreign policy.”When Walker signed in to law a controversial “right to work” bill in March, Obama called the state legislation “anti-worker”: “Even as its governor claims victory over working Americans, I’d encourage him to try and score a victory for working Americans,” the President said in a statement.And at the annual Gridiron dinner in Washington, it was a more...
  • Financial System Will Collapse Just a Matter of When -Prof. Laurence Kotlikoff

    04/07/2015 10:02:03 PM PDT · by concernedcitizen76 · 27 replies
    USA Watchdog ^ | March 18, 2015 | Greg Hunter
    Renowned economist Laurence Kotlikoff recently testified at the U.S. Senate about the runaway U.S. budget. How bad is it? Kotlikoff says, “I told them the real (2014) deficit was $5 trillion, not the $500 billion or $300 billion or whatever it was announced to be this year. Almost all the liabilities of the government are being kept off the books by bogus accounting. The government is 58% underfinanced. Social Security is 33% underfinanced. So, the entire government enterprise is in worse fiscal shape than Social Security is, but they are both in terrible shape.” So, how much is America on...
  • Billionaires Secretly Met in Aspen to Defeat Bush

    10/19/2004 2:07:29 PM PDT · by jstolarczyk · 52 replies · 1,871+ views
    NewsMax.com ^ | 19 October 2004 | Carl Limbacher and NewsMax.com Staff
    Tuesday, Oct. 19, 2004 1:09 p.m. EDT Billionaires Secretly Met in Aspen to Defeat Bush In the days following the Democratic National Convention in Boston this past August, several billionaire Democratic activists secretly met at the famed Aspen Institute in Colorado. The purpose of their clandestine meeting was "to use their fortunes to engineer the defeat of President George W. Bush," The New Yorker magazine reports in its most recent edition. Details of the meeting remain sketchy, but the magazine described the Aspen conference this way: "Five billionaires joined half a dozen liberal leaders in a lengthy conversation about the...
  • Big Bible vs. Big Business (Pro-Homosexual, anti-Conservative screed)

    04/07/2015 7:46:53 PM PDT · by 2ndDivisionVet · 11 replies
    The Falls Church News-Press ^ | April 7, 2015 | Wayne Besen
    The battles in Arkansas and Indiana over two bogus “religious freedom” bills, that were thinly disguised vehicles for anti-LGBT discrimination, exposed a major rift within the Republican Party. It came down to Big Bible vs. Big Business – and the concerns of social conservatives were swiftly dropped like a bad stock. (* “Big Bible” does not mean ALL Christians. Just the intolerant ones who reject separation of church and state and have shamelessly built a lucrative industry distorting the Bible to justify discrimination) With major corporations like Wal-Mart and Apple loudly condemning these bills, Republican lawmakers quickly retreated. Amended bills...
  • Obamanomics Has Failed Utterly In Reviving The Jobs Machine

    04/07/2015 6:39:30 AM PDT · by SeekAndFind · 12 replies
    IBD ^ | 04/07/2015
    How many times have we seen this? Every time the economy seems ready to pull out of its 2% growth rut and shift into a higher gear, the engine stalls. It's happening again in 2015. Employers added a flimsy 126,000 jobs in March — and with downward revisions from previous months, the job gains were half that high. The latest estimate for first-quarter GDP is below 1%, with one Federal Reserve Bank predicting closer to zero. Businesses aren't buying into the robust expansion story that President Obama has been peddling in his "mission accomplished" victory tour across the country —...
  • Scott Walker gets boost in GOP poll, Chris Christie sinks

    04/06/2015 11:38:35 AM PDT · by Cincinatus' Wife · 27 replies
    New York Daily News ^ | April 6, 2015 | Celeste Katz
    Wisconsin Gov. Scott Walker had the lowest unfavorability rating in a new poll of Republican voters, and scored the highest net-positive favorability at 35%. A fresh poll of Republican voters brings good news for expected 2016 presidential contender Scott Walker — and the opposite for New Jersey’s Chris Christie. Walker, governor of Wisconsin, pulls about even with “establishment” frontrunner Jeb Bush and scores a tie with Texas Sen. Ted Cruz in the Monmouth University Poll released Monday. Christie pulled just 5% support in the poll, compared to 13% for Bush, former governor of Florida, and 11% each for Walker and...
  • A Weird Discrepancy In The US Economy Has Begun To Work Itself Out ... In A Bad Way

    04/06/2015 7:28:21 AM PDT · by blam · 39 replies
    BI ^ | 4-5-2015 | Sam Ro
    Sam Ro4-5-2015 Since the beginning of the year, the pace of growth in numerous US economic indicators deteriorated significantly, so much so that many of these metrics even fell short of economists' expectations. Weirdly, the pace of jobs growth had been resilient even amid unexpected plunges in key measures like retail sales and durable goods orders, reports which reflected weakness in both consumers and businesses. However, this weirdness has begun to work itself out. On Friday, we learned the US economy added just 126,000 jobs in March, missing expectations for 245,000 new jobs. You have to go all the way...
  • Stocks: This week could be ugly. Don't panic yet

    04/05/2015 10:59:32 AM PDT · by E. Pluribus Unum · 12 replies
    CNN Money via KETV.com ^ | 04/05/2015 | Heather Long
    Dow, S&P 500, Nasdaq futures all careened down 1%NEW YORK (CNNMoney) —Spring may be here, but the U.S. economy and corporate America are stuck in winter mode. When the stock market opens Monday, trading could be brutal. The economy added a mere 126,000 jobs in March, according to the latest data that came out Friday. That was a huge disappointment.The markets were closed for the holiday weekend, but boy, did things get ugly in the futures market. The Dow, S&P 500 and Nasdaq futures all careened down 1 percent.Hiring had been the one really bright spot in the economy with...
  • United Van Lines Annual National Movers Study Shows Oregon Increases Lead as Top Moving Destination

    04/05/2015 1:01:01 PM PDT · by bgill · 35 replies
    United Van Lines ^ | Jan. 2, 2015 | unknown
    Oregon holds on to its title as “Top Moving Destination” and continues to pull away from the pack, while the Northeast loses residents for the third consecutive year. Those are the key findings from United Van Lines’ 38th Annual National Movers Study, which tracks customers’ migration patterns state-to-state during the course of the past year. The study found that Oregon is the top moving destination of 2014, with 66 percent of moves to and from the state being inbound — that’s a nearly 5 percent increase of inbound moves compared to 2013. Arriving at No. 2 on the list was...
  • Employees lose vacation time amid minimum wage increase (Seattle)

    04/05/2015 8:13:57 AM PDT · by Libloather · 16 replies
    KREM ^ | 4/02/15 | Michael Konopasek
    SEATTLE -- Reaction continues to pour in over Seattle's new minimum wage law. Some business owners in Seattle say the increase to $11 an hour will force them to make drastic changes. Many in the local restaurant industry say the next few weeks and months will give them a better idea of the real impact under the new law. Some bosses have already been forced to make tough decisions to protect the bottom line. At Icon Grill in downtown Seattle, all employees will now only get one week of paid time off. Some employees who've worked at the restaurant for...
  • Hillary Clinton is following the lead of America's wealthiest (Also Cruz, Paul & Rubio)

    04/04/2015 7:47:28 PM PDT · by 2ndDivisionVet · 6 replies
    Business Insider ^ | April 4, 2015 | Jamelle Bouie, Slate
    The wealthiest Americans don’t care about inequality, and our presidential candidates are following their lead. That’s not to say they aren’t talking about inequality. They are, for anyone who will listen. As Noam Scheiber notes for the New York Times, Sens. Ted Cruz, Rand Paul, and Marco Rubio broached the issue in January, while Hillary Clinton discussed it at the Center for American Progress last week. But none of them have ideas for tackling the problem. Neither Cruz nor Paul nor Rubio was willing to say “the government should intervene to solve it,” while Clinton would rather retreat to platitudes—“We...
  • A Record of Futility

    04/04/2015 5:26:37 PM PDT · by xuberalles · 8 replies
    For over three years the Obama administration and their media minions have sounded like a broken record by touting this magical economic recovery. After all, how else could the unemployment rate have fallen to 5.5%? I hate to let logic and empirical truth interfere, but please allow me to introduce subtraction - addition’s tricky friend! Today the Labor Department confirmed there are a RECORD 93 million Americans out of the workforce, a RECORD 12 million African Americans out of the workforce and a RECORD 56 million women out of the workforce. In essence, since 2008, a record 13 million people...