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Keyword: economy

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  • Beach town's ban prompts battle over shave ice

    07/28/2014 8:18:49 PM PDT · by 2ndDivisionVet · 6 replies
    KOTV-TV / The Associated Press ^ | July 28, 2014 | Jennifer McDermott
    WESTERLY, R.I. (AP) - A $3 cup of shave ice is at the center of a dispute in this beach town between street vendors trying to stay in business and town officials who say the vendors cause traffic congestion and increase the potential for accidents. George Manko sells Hawaiian shave ice in a private parking lot for beachgoers in Westerly, where celebrities including Taylor Swift and Conan O'Brien have summer homes. The town recently banned street vendors, except for at festivals and one-time events. Town councilors who supported the ban said they did so because the police chief expressed safety...
  • Battle for Poor Shoppers Fuels Dollar-Store Deal

    07/28/2014 6:19:46 PM PDT · by ConservativeStatement · 81 replies
    Wall Street Journal ^ | July 28, 2014 | By Paul Ziobro and Shelly Banjo
    The battle for America's poorest consumers intensified Monday with Dollar Tree Inc. agreement to buy rival Family Dollar Stores Inc. for about $8.5 billion. The chains thrived during the recession as the number of working Americans living in poverty increased by nearly 40%, according to the U.S. Bureau of Labor Statistics. The stores appealed to cash-strapped shoppers with bargain-basement prices and locations that were closer to their homes than many Wal-Mart supercenters. The smaller package sizes of everyday items like laundry detergent and cereal fit into the budgets of consumers living paycheck to paycheck.
  • Bismarck on the Potomac: Obama calls for, ahem, “economic patriotism.”

    07/28/2014 5:38:21 AM PDT · by SeekAndFind · 22 replies
    National Review ^ | 07/28/2014 | The Editors
    President Barack Obama, who in his political dotage is enthusiastically getting in touch with his inner Otto von Bismarck to such an extent that we half expect him to start sporting a walrus mustache and a pickelhaube, on Saturday treated the ailing republic to another lecture on the theme of “economic patriotism,” by which he means an arrangement under which companies adopt tax strategies that maximize the amount of money they send to President Obama and his colleagues to dispose of as they see fit. He demanded that companies “embrace an economic patriotism,” presumably one defined by Barack Obama, rather...
  • 5 Reasons Black Men Havent Advanced Over The Last 40 Years.

    07/27/2014 8:24:26 PM PDT · by 2ndDivisionVet · 100 replies
    Thy Black Man ^ | July 21, 2014 | Dr. Boyce Watkins
    According to a recent study conducted at The University of Chicago, African American males haven’t advanced in American society one bit since 1971. The researchers used a variety of socio-economic indicators to arrive at their conclusions, and their work has credibility, since U. Chicago is among the world’s leaders in both Sociological and Economic research. The year 1971 is meaningful to me, since that was the year I was born. When I think about the fact that it’s our job as men to carry the torch and improve upon the achievements of the previous generation, these results seem to imply...
  • What if Obama Defended American Business?

    07/27/2014 12:55:54 PM PDT · by Kaslin · 17 replies
    Townhall.com ^ | July 27, 2014 | Larry Kudlow
    Just for once, wouldn't it be great if President Obama actually defended American business, instead of attacking it? Just once?Wouldn't it be great if Obama acknowledged that U.S. firms are overburdened by the highest corporate tax rate among developed countries, and as a result are becoming less and less competitive? Wouldn't it be great if he said he wants to fix this tax imbalance in order to grow the economy faster and give U.S. businesses a leg up on the global scene? Couldn't he just say that? He could say it like this: "Look, I don't want to drive businesses...
  • Investment & Finance Thread (week July 27 - August 2 edition)

    07/27/2014 10:28:41 AM PDT · by expat_panama · 32 replies
    Weekly investment & finance thread ^ | July 27, 2014 | Freeper Investors
    While this past week may have been pretty much nothing in the way of general asset growth (metals flat off --stocks flat in market under pressure), it's been a great week for geek number thingees, in fact we updated the link list to include Business Insider's Chart page (hat tip to Wyatt's Torch) and we've been into the income shifts that have turned the Great Recession into the gift that keeps giving.  Chgogal gave us the headsup to the  NYTimes piece "The Typical Household, Now Worth a Third Less" and Wash. Post Chart study Median household incomes have collapsed since...
  • Wage Growth Is Really Going Nowhere

    07/27/2014 9:22:30 AM PDT · by blam · 18 replies
    BI ^ | 7-27-2014 | Myles Udland
    Myles UdlandJuly 27, 2014 Wage growth is close to not being growth at all. On August 1, we'll get the latest jobs report from the Bureau of Labor Statistics. Last month, the report showed that the economy added 288,000 jobs in June, with wages growing 2% year of year. Unfortunately, when taking into account the rate of inflation, "real" wage growth was flat. In Business Insider's latest Most Important Charts In The World feature, Ellen Zentner, senior U.S. economist at Morgan Stanley, highlighted the following chart, which shows how real wage growth has slowed to, well, no growth at all.(snip)(snip)
  • The rich get richer, the poor get poorer, Barry plays through.

    07/27/2014 6:01:59 AM PDT · by NOBO2012 · 4 replies
    Michelle Obama's Mirror ^ | 7-27-2014 | MOTUS
    In case you thought it was just your imagination, it’s not:In the Age of Obama, the rich are getting richer and the poor are getting poorer; no matter how hard Big Guy works for the American people:Meanwhile, the U.S. embassy in Libya was abandoned on Saturday due, I guess, to all that “tranquility” that we’ve generated in the Middle East; it must be irritating the local Islamic terrorists. Reports are that our embassy staff was evacuated to Tunisia via motorcade as the U.S. Department of State 747 was unavailable for takeoff because the Tripoli airport was, uh, closed due to...
  • Emanuel wants city to house 1,000 more young illegal immigrants, report says

    07/27/2014 5:21:06 AM PDT · by KeyLargo · 33 replies
    My Fox Chicago ^ | July 27, 2014
    Emanuel wants city to house 1,000 more young illegal immigrants, report says Posted: Jul 26, 2014 4:02 PM CST Updated: Jul 26, 2014 4:02 PM CST FOX News - Chicago Mayor Rahm Emanuel, a former Obama administration chief of staff, wants to expand the city’s efforts to house young illegal immigrants from Central America, reportedly proposing to shelter an additional 1,000 of them by year's end. "The influx of unaccompanied child migrants is a growing humanitarian crisis that we can no longer ignore," said Emanuel, according to The Chicago Tribune. "While we have our own challenges at home, we cannot...
  • Obamanomics In Action: Typical Us Household Worth One-Third Less Than Under Bush

    07/27/2014 4:31:31 AM PDT · by 2ndDivisionVet · 20 replies
    Gateway Pundit ^ | July 26, 2014 | Jim Hoft
    Another Obama record… AMERICANS GETTING POORER – HOUSEHOLD NET WORTH IN DECLINE.The median household net worth under Obama is one-third what it was during the Bush years. Under Barack Obama American households are worth two-thirds of what they were worth under George W. Bush. The New York Times reported: Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too. The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only...
  • Fast food workers vow civil disobedience (Demand $15/hr. minimum wage, unions)

    07/26/2014 5:59:32 PM PDT · by 2ndDivisionVet · 71 replies
    VILLA PARK, Ill. — Comparing their campaign to the civil rights movement, fast food workers from across the country voted today to escalate their efforts for $15-an-hour pay and union membership to include nonviolent civil disobedience. More than 1,300 workers gathered in a convention in center in suburban Chicago to discuss the future of a campaign that has spread to dozens of cities in less than two years. Wearing T-shirts that said “Fight for $15” and “We Are Worth More,” the workers cheered loudly and said they would win if they stuck together. “People are just fed up,” said Cindy...
  • Based on the Non-Massaged Data, the US is Back in Recession

    07/26/2014 11:02:40 AM PDT · by SeekAndFind · 12 replies
    Zero Hedge ^ | 07/25/2014 | Phoenix Capital Research o
    Beneath all of the bogus economic data, the US economy is tanking again. One of the biggest games played by the bean counters in Washington in the US is the overstatement of GDP growth by understating inflation. Consider this simple example. Let’s say that the US GDP grew by 10% last year. Now let’s say that inflation also grew by 10%. In this scenario, real inflation adjusted GDP growth was ZERO. However, announcing ZERO GDP growth is a major problem politically. So what do the Feds do? They claim that inflation was just 8%, and BOOM you’ve got 2% GDP...
  • What We Women Want

    07/25/2014 9:35:17 AM PDT · by Kaslin · 85 replies
    Townhall.com ^ | July 25, 2014 | Renee Elmers
    Just the other day when I was home in Dunn, a woman standing in the checkout line told me that she felt as though she had less money in her pocket. And, unfortunately, she’s right. Did you know that the average clothing cost for children has risen $310 during the president’s term and that food costs have risen an average of $210? Or that an average family of four is missing as much as $1,120 from their monthly budget? I bet women do. No one understands the true implications of these missing dollars better than women. Women are the ones...
  • Switzerland, China agree swap boosting role of yuan

    07/24/2014 5:30:45 AM PDT · by wetphoenix · 1 replies
    AFP via Yahoo! ^ | July 21, 2014 6:51 AM
    Geneva (AFP) - The Swiss and Chinese central banks signed a currency swap agreement in Beijing on Monday, marking an important step in the development of a market for yuan in Switzerland, the Swiss central bank BNS said. The agreement, highlighting steps towards international use of the yuan, ensures that Swiss francs will be available in China and that yuan, also known as renminbi, will be supplied to financial centres in Switzerland. The BNS statement said that the agreement was "an important step" for the renminbi business in Switzerland. The agreement permits the two central banks to buy up to...
  • The Pitfalls of Modern Capitalism

    07/24/2014 3:25:34 AM PDT · by matthewrobertolson · 27 replies
    Catholic Analysis ^ | 24 July 2014 | James Kohn
    When Adam Smith put to paper the principles of market systems that Marx would later dismiss as capitalism, people were still dedicated to their religious faiths. Smith -- who was not in Washington at the time (ba-dum-tssshhh) -- knew this, and, even prior to releasing this monumental work, he laid the foundation of what his market system would be based on: “moral sentiments”. Smith was not a relativist, but he believed that morals were commonly held -- after all, Christendom was still holding on, albeit just barely and for dear life. True, enlightened capitalism, while inferior to distributism, is at...
  • Stock Market Crash… Economic Collapse

    07/22/2014 7:24:08 PM PDT · by Signalman · 35 replies
    economyandmarkets.com ^ | 7/21/2014 | Harry Dent
    You can’t deny an economic collapse. We are about to see the greatest stock crash of our lifetimes I recently read a good article in Barron’s by Randall W. Forsyth called “Deus ex Machina 2.0: Is the Fed Trying to Take Human Nature Out of the Credit Cycle?” It was particularly interesting in light of the Bank for International Settlements’ warning that central banks are stoking financial bubbles that will burst, creating an even larger financial crisis… and that they should reverse their endless stimulus policies sooner rather than later. Music to my ears: Were they singing my song or...
  • American Families Are Right To Be Worried About Inflation

    07/22/2014 1:41:20 PM PDT · by right-wing agnostic · 7 replies
    The Federalist ^ | July 22, 2014 | Sean Davis
    “Americans should stop whining about food prices.” That was the message AEI’s Mark J. Perry blasted last September to families gullible enough to believe that rising food prices were a problem: It’s a favorite pastime in this country – Americans love to complain about rising food prices. Even when they aren’t. In fact, given all of the complaining you would never know that average food price inflation in recent years is actually the lowest in several generations. Below are three reasons that Americans should stop whining about food prices, and be a little more appreciative of how affordable food is...
  • Obama Recovery Turns 5: Are You Better Off?

    07/22/2014 6:27:35 AM PDT · by IBD editorial writer · 67 replies
    Investor's Business Daily ^ | 07/22/2014 | John Merline
    In a speech last week in Delaware, President Obama was positively bursting with pride about what his policies have produced since the economic recovery started five years ago. What Obama didn´t say in his speech is that [snip] many Americans are doing a whole lot worse than they were when Obama's economic recovery began five years ago.
  • High gasoline prices push up U.S. consumer prices

    07/22/2014 5:49:00 AM PDT · by SoFloFreeper · 19 replies
    Reuters ^ | 7/22/14
    U.S. consumer prices rose in June as the cost of gasoline surged, but the overall trend continued to point to a gradual build up of inflationary pressures. The Labor Department said on Tuesday its Consumer Price Index increased 0.3 percent last month after May's 0.4 percent gain. Gasoline accounted for two-thirds of the rise in prices last month. In the 12 months through June, the CPI increased 2.1 percent after a similar rise in May.
  • What's the Price of Happiness in Your State? (With Chart)

    07/21/2014 12:18:55 PM PDT · by 2ndDivisionVet · 9 replies
    The Philadelphia Inquirer ^ | July 21, 2014 | Eric Reed
    The price of happiness depends a lot on where you live, according to a new report by the investment group Advisor Perspectives. The analysis is based on the now-famous work by Princeton researchers Daniel Kahneman and Angus Deaton, who found that higher incomes only make people happier to a point. Up to about $75,000 per year, the more a household earns, the happier people are. After that benchmark, however, additional income "buys life satisfaction but not happiness." The team separated these two issues by distinguishing fun from happiness. More money still leads people to have more life experiences and greater...
  • Study: Minimum wage hikes don’t kill jobs

    07/21/2014 9:27:34 AM PDT · by Incorrigible · 26 replies
    NJ101.5 ^ | 7/21/2014 | Kevin McArdle
    Study: Minimum wage hikes don’t kill jobsBy Kevin McArdle July 21, 2014 5:14 AMA new study by the Center for Economic and Research Policy shows that job growth in states that increased their minimum wages this year is far more robust when compared to states that did not hike the minimum wage. Thirteen states increased their minimum wages in 2014, including New Jersey. According to the report, the average change in payrolls in states that implemented minimum wage hikes was 0.99 percent.  For states that didn’t see a minimum wage hike, it was 0.68 percent.However, the report said there is...
  • Investment & Finance Thread (week July 20 - July 26 edition)

    07/20/2014 4:02:51 PM PDT · by expat_panama · 72 replies
    Weekly investment & finance thread ^ | July 20, 2014 | Freeper Investors
    Year-to-date wrap-up time.   General markets varied a lot but right now they're all together at 5-10% up so far.  Actually that's pretty good as it represents a 5-year doubling time.    click to enlarge  A closer look at stock indexes so far this year are showing roughly the same track but my dim eyes are somehow seeing us having a plateau for the past 3 weeks.  That's usually a good sign; witness the run-up after the mid-April basing. click to enlarge .As Torch says, "Discuss".  This is the thread where folks swap ideas on savings and investment --here's a list of popular...
  • Maria Bartiromo: we need Economic Patriotism (Hooray Maria!!) on show Sunday Morning Futures

    07/20/2014 7:59:47 AM PDT · by Cringing Negativism Network · 52 replies
    Fox News | July 20 2014 | (rant)
    Hooray! Maria Bartiromo and gang were just discussing "Economic Patriotism" on her Fox News Channel show "Sunday Morning Futures". I couldn't believe it. FINALLY. Way to go. Much more conservatives need to climb on board this important topic.
  • Higher Minimum Wage Does Not Cost Jobs

    07/20/2014 12:03:29 AM PDT · by 2ndDivisionVet · 36 replies
    Voice of Russia ^ | July 8, 2014 | Professor Cyril Ghosh, Wagner College, Staten Island, NY
    SEATTLE (VR) – Does raising the minimum wage kill jobs? Most probably not. Does it increase jobs? We don’t know for sure, but it might. Or at least these are the inferences one is likely to make from a recent report from the Center for Economic and Policy Research. It turns out that 12 out of 13 states that raised their minimum wage on January 1, 2013 are experiencing increases in employment. The report also states that the average change in employment for these 13 states is +.99% while the average change in employment in the remaining states is +.68%....
  • Clothing chain Love Culture files bankruptcy, may be sold

    07/18/2014 7:32:20 PM PDT · by 2ndDivisionVet · 8 replies
    Reuters ^ | July 16, 2014 | Jonathan Stempel
    Love Culture Inc on Wednesday filed for Chapter 11 bankruptcy, becoming the latest women's apparel retailer to seek protection from creditors, and said it may be sold after having received interest from possible buyers. The company, which according to its website has 82 stores stretching from Massachusetts to Hawaii, joins Ashley Stewart Holdings Inc, Coldwater Creek Inc., Dots LLC and Loehmann's Inc among retailers to file for bankruptcy since late last year as consumers curb spending and visit malls less. In a court filing, the company's chief restructuring officer, Rick Bunka, said sales remain below projections, while vendors in April...
  • More Than 1,400 Workers In Pike County, Ohio, To Receive Possible Layoff Notices (Fluor B&W)

    07/18/2014 7:25:16 PM PDT · by 2ndDivisionVet · 4 replies
    WCHS-TV ^ | July 18, 2014 | Sean Delancey and Jeff Morris
    Piketon , Ohio - Roughly 1400 people woke up to bad news Thursday morning. It's called a warn notice, and it means their livelihood is on the line. "These are the higher paying jobs in the area," Herman Potter said. But those jobs are now in jeopardy. Herman Potter is president of the Steel Workers Union in Piketon, Ohio. His employer, Fluor B&W issued a warn notice, stating layoffs are possible. Fluor B&W was hired by the Department of Energy to clean the former Portsmouth gaseous diffusion plant and re-industrialize the property three years ago. The way things stand now,...
  • Experts: America's gold is gone

    07/18/2014 6:35:46 PM PDT · by SkyPilot · 90 replies
    WND and King World News ^ | 18 Jul 14 | Mark Leibovit
    Paul Craig Roberts: The entire U.S. gold hoard is now goneFormer U.S. Treasury official Dr. Paul Craig Roberts told King World News the entire United States gold hoard, including gold supposedly held at the Fed for other countries, is now gone. This is very bad news for Germany and other countries which have trusted the Fed to safely store their gold. Excerpts from the interview: Eric King: Dr. Roberts, I know you’ve seen the report on Bloomberg about Germany supposedly being happy with storing their gold at the New York Fed. It seemed to be a propaganda piece. What was...
  • What is Obama’s End Game for America?

    07/18/2014 8:27:40 AM PDT · by HammerT · 114 replies
    July 18, 2014 | HammerT
    Obama and his comrades created the border crisis to force amnesty down our throats, but it’s not working as intended. So why do they soldier on with their insanity? It should be obvious to everyone that the current border crisis was preplanned and created by the regime. They implied that our borders are open, set up logistical support to infiltrate them everywhere on the taxpayer dime and in came the flood. Insane as it sounds, this seems to be their grand plan to force 30 million new Democratic voters on the nation and insure themselves a perpetual voting base. But...
  • IN DEPTH COVERAGE: Carlton Complex Fire forces evacuations; 40-50 structures gone (Washington St)

    07/18/2014 7:29:38 AM PDT · by illiac · 11 replies
    KHQ News ^ | 7/18/14 | KHQ News
    UPDATE: BREWSTER, Wash. - There are LEVEL 3 evacuations being ordered in the town of Pateros which has a population of 650 people, as the Carlton Complex Fire burns out of control. 40-50 homes and businesses have burned to the ground. The Brewster Three Rivers Hospital has been evacuated as well. Staff and patients were transferred to Mid Valley Hospital in Omak. The retirement center in Brewster was evacuated to Bridgeport. Housing is available for those who have been evacuated in Chelan at the High School. Residents from Harmony House are being moved to Bridgeport, believe they said the school...
  • San Francisco Median Home Price Hits $1 Million as National Jobs Recovery Atrophies

    07/17/2014 4:33:23 PM PDT · by MRourke85 · 7 replies
    Confounded Interest ^ | 07/17/2014 | Anthony B. Sanders
    The one section of the housing market that is booming is housing for the wealthy. For example, the median home price in San Francisco just hit $1 million. An analysis by DataQuick of 25 of the top U.S. metropolitan areas for multimillion-dollar sales showed purchases for $2 million or more jumped 33 percent in January and February from a year earlier. Unfortunately for the rest of the United States (the mere mortals), the housing affordability (according to the National Association of Realtors) is declining. narafford This is particularly bad news since home prices are rising while real median household income...
  • Today's Horrific Housing Report Was All About One US Region

    07/17/2014 2:48:02 PM PDT · by Lorianne · 15 replies
    Business Insider ^ | 17 July 2014 | Mamta Badkar
    Earlier Thursday morning we saw that housing starts unexpectedly plunged 9.3% to an annualized rate of 893,000. On the face of it, the report was ugly, considering all the talk about the recent housing snapback. It's important to note that the miss was entirely due to one region: the South. Housing starts plunged 29.6% in the South, driven by weakness in single-family units. "All the hit is in the south, where starts plunged by 29.6%, the biggest ever monthly drop, despite gains in each other region," wrote Ian Shepherdson at Pantheon Macroeconomics.
  • Microsoft to cut 18,000 jobs this year as it chops Nokia

    07/17/2014 8:35:02 AM PDT · by Scutter · 35 replies
    MSN ^ | 7/17/2014 | Bill Rigby
    SEATTLE (Reuters) - Microsoft Corp will slash up to 18,000 jobs, or 14 percent of its workforce, this year as it almost halves the size of its newly acquired Nokia phone business and tries to transform into a cloud-computing and mobile-friendly software company. The larger-than-expected cuts, announced on Thursday, are the deepest in the company's 39-year history and come five months into the tenure of Chief Executive Officer Satya Nadella. He outlined plans for a "leaner" business in a public memo to employees last week.
  • Exclusive: GM recalls some cars with problematic switches; judges others safe

    07/17/2014 7:21:36 AM PDT · by Zakeet · 10 replies
    Reuters ^ | July 17, 2014 | Paul Lienert
    General Motors Co last month recalled millions of vehicles with three different designs of ignition switches that could accidentally turn off the engine and disable air bags in a crash. But the automaker has concluded that more than 2 million other vehicles having exactly the same switches are safe. The vehicles which have not been recalled include fullsize crossovers such as the Buick Enclave and Chevrolet Traverse made from 2007 to the present, which share a switch with recalled late-model Chevrolet Camaros and Cadillac CTSs. Two other switch designs are in other sets of vehicles. GM spokesman Alan Adler said...
  • Microsoft to Eliminate Up to 18K Jobs Over Next Year

    07/17/2014 5:45:35 AM PDT · by mykroar · 26 replies
    FoxBusiness.com ^ | 7/17/2014 | Victoria Craig
    <p>In a letter to employees early Thursday, Microsoft CEO Sataya Nadella said the tech giant will slash its workforce by as many as 18,000 jobs over the course of the next year, with the first round of 13,000 cuts coming within the next six months.</p>
  • Microsoft may announce its biggest layoffs ever on Thursday

    07/17/2014 3:36:19 AM PDT · by Innovative · 30 replies
    ComputerWorld ^ | July 16, 2014 | Stephen Lawson
    The action will be much bigger than the 5,800 job cuts announced in 2009, The New York Times said. Microsoft reportedly will announce the biggest round of layoffs in its history on Thursday as massive changes wrought by new CEO Satya Nadella start to take hold at the struggling IT giant.
  • If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks

    07/16/2014 5:24:54 PM PDT · by blam · 61 replies
    TEC ^ | 7-16-2014 | Michael Snyder
    By Michael Snyder July 16th, 2014 The basic necessities in life just keep getting more expensive. On Tuesday, Hershey announced that the price of all of their chocolate bars is going to go up by about 8 percent. That is particularly distressing to me, because I am known to love chocolate. But if it was just chocolate that was becoming significantly more expensive perhaps that would be okay. Last month, it was coffee. J.M. Smucker, one of the largest coffee producers in the United States, announced that it planned to raise coffee prices by about 9 percent. And Starbucks has...
  • 2008 Meltdown Revisited-There’s No Solution-Egon von Greyerz

    07/16/2014 12:02:12 PM PDT · by GilGil · 19 replies
    Usawatchdog.com ^ | 07/16/2014 | Greg Hunter
    We are now in a situation where every major economy in the world is in a total mess.” Greyerz goes on to explain, “Japan’s economy is going to disappear into the Pacific. China is having its problems. Europe has problems. The EU will never work and was not supposed to work. The euro is an artificial currency and, in the long run, will not survive. The U.S. stock market is at an all-time high, but that has nothing to do with the real economy which is an absolute mess. So, the world has never been in a situation where all...
  • Tweeting With The Enemy: The Audacity of Autocracy

    07/16/2014 10:00:38 AM PDT · by xuberalles · 1 replies
    Me | 7/16/14 | Self
    There’s a reason why Barack Obama, Eric Holder, and agencies like the DHS/IRS are not the least bit concerned with defeating Islamic extremism or protecting our borders against those who only wish to infiltrate and exploit America. It’s because they too despise this country and welcome the erosion of our society to forge their progressive utopia which stands in direct opposition to every ideal this nation was founded upon. Yes, this is also why our so-called President and his brainwashed minions are only concerned with using government resources, taxpayer money and property, to destroy THEIR, not America’s, political enemies; AKA,...
  • Obama has not failed blacks

    07/15/2014 8:49:34 PM PDT · by 2ndDivisionVet · 42 replies
    The Los Angeles Wave ^ | July 3, 2014 | Earl Ofari Hutchinson
    From the moment that he set foot in the White House in January 2009, President Barack Obama has had to hear the silly charge that he has miserably failed blacks. HeÂ’s repeatedly heard it for two reasons. The first is obvious. HeÂ’s black, but more than that he actually practiced civil rights law and worked as a community organizer in poor communities on ChicagoÂ’s South Side. Therefore heÂ’s supposed to have an even greater sensitivity to the plight of the black poor. And because of that he has a duty, obligation and even mission to use the power and prestige...
  • Why Is Zero Economic Growth 'Unexpected' ?

    07/15/2014 9:47:29 AM PDT · by blam · 7 replies
    The Market OIracle ^ | 7-15-2014 | Andrew_McKillop
    July 14, 2014 Andrew_McKillop Always Unexpected Each monthly decline in leading economic indicators, when it happens in the Eurozone, as in the US or Japan, China, Brazil, India or elsewhere, is always “unexpected”. Why is this? For example the March, April, May and June declines for the Eurozone were each time titled “unexpected” by newswires and mainstream media the month following each “surprise”. Taking the case of Reuters, it reported April 14 that Eurozone industrial output had fallen in March “for the first time since August” so this was able to be called unexpected. Then the decline continued in April....
  • Think the Economy Can Save Democrats? It Won't

    07/14/2014 6:17:16 PM PDT · by 2ndDivisionVet · 10 replies
    National Journal ^ | July 13, 2014 | Alex Roarty
    The economy might play a role in presidential politics, but its impact is near nil in the midterms. This month's surprisingly strong jobs report elicited fresh optimism that at long last, the economy was poised to recover its full strength. And in Washington, naturally, the question quickly became: Would Democratic candidates receive an unexpected boost from a late-in-the-election-cycle economic surge? The short answer? Don't count on it. Even if job gains do spike—and there's plenty of reluctance to predict an accelerating recovery after years of stop-and-start growth—it's unlikely voters will feel demonstrably better about the economy in time for November....
  • Connecticut Gun Company Turns to Texas

    07/13/2014 5:01:51 PM PDT · by 2ndDivisionVet · 55 replies
    Townhall ^ | July 13, 2014 | Sarah Jean Seman
    America’s oldest family owned and operated gun manufacturing company O.F. Mossberg & Sons, has its eye on Texas. The company was founded in Connecticut in 1919; however, after Gov. Dannel Malloy (D) passed one of the strictest gun-control legislations in the nation last April, Mossberg & Sons is looking to expand in a more gun-friendly state. CEO Iver Mossberg told Forbes: “Investing in Texas was an easy decision. It’s a state that is not only committed to economic growth but also honors and respects the Second Amendment and the firearm freedoms it guarantees for our customers.” The gun company will...
  • Investment & Finance Thread (week July 13 - July 19 edition)

    07/13/2014 4:06:02 PM PDT · by expat_panama · 72 replies
    Weekly investment & finance thread ^ | July 13, 2014 | Freeper Investors
     Condensed version:  this past week's metals 'n stock indexes saw a (imho) a flat decision making base --not sure how metals volume went but stocks had high volume for the dips & low for the rebounds --bearish, a situation IBD calls 'uptrend under pressure'.   fwiw, their distribution day count is running at 6 for the S&P and 4 for the NASDAQ.Fortunately I can now say what the upcoming week's going to be; it'll be "interesting".    This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here...
  • Black American from Gang-Besieged Baltimore: 'Where Can I Get Asylum?'

    07/12/2014 6:35:52 AM PDT · by KeyLargo · 33 replies
    Breitbart ^ | 11 July 2014 | Tony Lee
    Black American from Gang-Besieged Baltimore: 'Where Can I Get Asylum?' by Tony Lee 11 Jul 2014 1612 post a comment As the White House plans to spend billions of taxpayer funds to take care of illegal immigrant children who are unlawfully entering the country, some black Americans who live in some of the most dangerous neighborhoods are wondering where they and their children can get refugee status and aid. On Friday's Laura Ingraham Show, Elaine, a black woman from Baltimore, expressed her outrage that President Barack Obama is putting the interests of illegal immigrant children above those of American citizens....
  • Matthews: Tea Party Treats Ayn Rand's 'Atlas Shrugged' 'Like It's the Little Red Book of Mao'

    07/11/2014 11:38:07 PM PDT · by 2ndDivisionVet · 56 replies
    NewsBusters ^ | July 11, 2014 | Matthew Balan
    On Friday's Hardball, Chris Matthews and Howard Dean slammed the supposedly "lunatic" Republican Party for opposing President Obama's $3.7 billion request to deal with the ongoing crisis at the U.S-Mexico border. Dean likened the political stalemate over this issue and in general in Washington to McCarthyism in the 1950s: "It reminds me of the 'who lost China' debate...where one side is frothing at the mouth and finding communists under every bed; and the other side – including some reasonable Republicans...actually trying to run the country." Matthews endorsed the former Vermont governor's take, and targeted fiscal conservatives/the Tea Party as somehow...
  • Mexican Peso to be backed With Silver: “Would Unleash a Global Power Shift”

    07/11/2014 6:28:49 PM PDT · by 2ndDivisionVet · 63 replies
    Freedom Outpost ^ | July 11, 2014 | Mac Slavo
    For many Americans the country of Mexico conjures up images of a third world nation. The poverty, lack of basic services, and extreme violence has left the populace so desperate that thousands of people on a daily basis head to the United States for a better life. But according to Future Money Trends, all that could change in the near future as key Mexican financial leaders and politicians have been working to institute sweeping monetary change that, if implemented, could unleash a global power shift of epic proportions. “Take just three or four men out of the ‘anti’ group,” says...
  • ‘The bear is loose’: Is Obama breaking free or running away?

    07/11/2014 4:20:17 PM PDT · by 2ndDivisionVet · 34 replies
    The Washington Post's The Debrief ^ | July 10, 2014 | Juliet Eilperin
    Bears, beer and horse heads: What exactly is going on with the leader of the free world? On a single day this week in Denver, President Obama scarfed down pizza and drinks with strangers, shot pool with Colorado’s governor and shook hands with a guy on the street wearing a horse mask. His top staffers are promoting these stops on Twitter with the hashtag #TheBearIsLoose — a term one of Obama’s aides coined in 2008 when the candidate would defy his schedule. More than five years into his presidency, Obama is trying to free himself from the constraints of office,...
  • Majority of employees feel they have NO control over decisions in the workplace

    07/11/2014 3:43:07 PM PDT · by CorporateStepsister · 34 replies
    daily Mail ^ | 11 July 2014 | By Louise Boyle
    Most employees believe they have no say when it comes to changes in the workplace that directly affect their jobs. Six out of ten corporate staff said they have little or no input in decisions which affect them personally at work, according to a recent survey by Strayer University and Ipsos. Those over 35 felt their opinions mattered less than those workers aged 18-34 - although perhaps that's just a healthy dose of cynicism that comes from spending longer on the corporate ladder.
  • 2,000 days of Obama: How have stocks done?

    07/11/2014 12:39:17 PM PDT · by illiac · 30 replies
    MarketWatch ^ | 7/11/14 | Russ Britt
    LOS ANGELES (MarketWatch) — It’s been almost 2,000 days since President Barack Obama entered the Oval Office, and MarketWatch felt it would be fitting to measure the stock market’s performance during the president’s tenure to this point with its performance through the 2,000-day mark of other recent presidential administrations. Obama was sworn in amid extreme financial turmoil in January 2009, roughly six weeks before the stock markets hit bottom in the depths of the Great Recession. Pretty much the only direction for stocks to go was up. How far up, though? More important, how do gains under Obama compare with...
  • Retailers Have Given Some Discouraging Commentary About The US Economy To Start Earnings Season

    07/11/2014 11:20:12 AM PDT · by blam · 15 replies
    BI ^ | 7-11-2014 | Myles Udland
    Myles Udland July 11, 2014Something seems off in the economy.Over a three-week span starting next Monday, 72% of the S&P 500's members will report earnings, but some of the early indications about this earnings season, especially from companies highly exposed to the U.S. consumer, have not been encouraging. On Tuesday afternoon, two companies that are all about consumer spending, Bob Evans and The Container Store, reported earnings that were disappointing. But even more discouraging were the comments from company executives. Bob Evans, which wrapped up its fiscal year 2014 in its most recent quarter, said its results were impacted by...