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Keyword: economy

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  • Get Ready for Scott Walker… and the Ruthless Politics of Walkerism

    07/29/2015 5:01:31 AM PDT · by Cincinatus' Wife · 53 replies
    The Nation ^ | July 29, 2015 | John Nichols
    Scott Kevin Walker, fresh from a free-spending yet folksy campaign in which he carried his lunch in a brown paper bag and promised to create 250,000 jobs, delivered his first inaugural address as governor of Wisconsin on January 3, 2011. “I stand before you not as the governor of one party or another, or the governor of one part of the state or another,” he declared. “Today, I stand before you as the governor for all of the people in the state of Wisconsin.” Days later, Walker traveled from Madison, the state capital, to Beloit, a working-class town battered by...
  • How Dodd-Frank Ate The U.S. Economic Recovery

    07/29/2015 4:48:32 AM PDT · by expat_panama · 19 replies
    Investors Busniness Daily ^ | 07/28/2015 | IBD Editorial
    Regulation: The Dodd-Frank Act's fifth anniversary this month has received surprisingly little notice. Too bad. It's a pernicious law, one that a devastating new report suggests is largely to blame for our lackluster economy. How bad is Dodd-Frank? One of its main goals, cited by both the White House and the then-Democrat-run Senate, was to get rid of the "too big to fail" doctrine that made some banks too important to allow to go bust. It sounded good at the time. But in fact, it's had the exact opposite effect, leading to a decline in small banks and rising market...
  • Trump says that under Walker, Wis budget went from projected surplus to a deficit [mostly false]

    07/28/2015 10:09:15 AM PDT · by Cincinatus' Wife · 64 replies
    Milwaukee Journal Sentinel Politifact ^ | July 28, 2015 | Tom Kertscher
    On July 25, 2015, the day after news that a Scott Walker ally had called him a "dumb-dumb,"Donald Trump delighted in dumping on the Wisconsin governor during a campaign speech in Iowa."I read this horrible statement from his fundraiser about Trump. I said, ‘Oh, finally,I can attack,’ "the New York businessman said to laughter in Oskaloosa. "Finally, finally."Trump--second to Walker among Republican presidential contenders in an Iowa poll earlier in the week--criticized him on several fronts. Then he made a claim about the fortunes of Wisconsin’s finances."Wisconsin’s doing terribly. First of all, it’s in turmoil,"Trump said. "The roads are a...
  • Russian ruble drops to past 60 per dollar

    07/28/2015 5:45:35 AM PDT · by TigerLikesRooster · 15 replies
    AFP ^ | 2015/07/28
    Russian ruble drops to past 60 per dollar Moscow (AFP) - The Russian ruble on Tuesday plummeted past 60 against the dollar for the first time since March on falling oil prices, complicating the central bank's efforts to jump-start the battered economy. The ruble reached 60.30 per dollar in early afternoon trading in Moscow after having lost two percent of its value on Monday. The new weakening of the ruble, which comes after the embattled currency bounced back somewhat in recent months, is expected to further erode consumption and fuel inflation, which stood at 15.3 percent last month. "Inflation is...
  • Message Of China's Meltdown: The Growth Miracle Is Over

    07/28/2015 4:06:14 AM PDT · by expat_panama · 38 replies
    Investors Busniness Daily ^ | 07/27/2015 | IBD Editorial
    Markets: China's stock market retreat has turned into a panic and, despite massive intervention, its government is helpless. Fact is, after a long period of super economic growth, China is downshifting to a much lower speed. China's benchmark Shanghai Composite plunged 8.5%, the biggest daily loss since 2007. Of course, the market is largely retracing its extraordinary 150% surge over the last year or so. Still, since their June peak, Chinese stocks have plunged 28%, or roughly $1.9 trillion. Reuters calculates that the government of Xi Jinping has spent close to $800 billion — or nearly 10% of China's total...
  • Shocker: Minimum Wage Hikes Gutted Over 700,000 Jobs In 2013

    07/27/2015 6:55:17 AM PDT · by Cheerio · 30 replies
    Town Hall ^ | Jul 26, 2015 | Matt Vespa
    Are liberals better at economics or are they just more adept at selling ideas that drive purely on emotion? Increasing the minimum wage is a perfect example. Raising it increases the living standards for those who struggle earning such a wage, and those who are against it–Republicans–are just anti-poor cretins who have no heart. The political campaign almost sells itself. Yet, we’re against it not because we hate poor people–that’s unadulterated nonsense. We’re against it because hurts workers, which is something that we’ve been saying ad nauseum, but alas, liberal intransigence and stubbornness on this issue has resulted in over...
  • Gold is doomed

    07/27/2015 4:19:44 AM PDT · by expat_panama · 94 replies
    Washington Post ^ | July 25, 2015 | Matt O'Brien
    A little less than four years ago, the world looked like it was about to end and gold hit an all-time high of $1,895 an ounce. The United States had manufactured a debt crisis, and Europe hadn't been able to manufacture a solution to its actual debt crisis, so panicky investors sought safety... [snip] That didn't mean, though, that gold wasn't a good short-term investment. It was. Just not for the reason goldbugs thought. Now, the problem with gold is it doesn't pay any interest or dividends, but it does cost money to store. So you have to pay up...
  • Chinese Stocks Suffer Second Biggest Crash In History, 1,500 Companies Halted Limit Down

    07/27/2015 4:17:49 AM PDT · by Zakeet · 40 replies
    Zero Hedge ^ | July 27, 2015
    This was not supposed to happen.After pledging, investing and otherwise guaranteeing the Chinese stock market to the tune of 10% of GDP, and intervening on at least 40 different occasions in the past month ever since China's stock bubble burst in late June, with the subsequent crash nearly taking the Shanghai Composite red for the year, overnight China officially lost control for the second time, when after a weak start to the Monday trading session, things turned very ugly in the last hour, when the Shanghai Composite plunged by 8.48%, closing nearly at the lows, and tumbling some 345 points...
  • De Blasio raves about presidential hopeful, but it’s not Hillary

    07/25/2015 4:23:15 AM PDT · by Zakeet · 19 replies
    NY Post ^ | July 25, 2015 | Rich Calder
    Mayor de Blasio is a big fan of presidential hopeful Bernie Sanders — because the Vermont senator is a proud “Democratic socialist.” [Snip] De Blasio was quick to correct CNN’s Carol Costello after she called Sanders a “socialist,” telling her the senator is a “Democratic socialist.” “I think there’s a lot to like in that title,” he gushed.
  • Why Donald Trump was a Democrat

    07/25/2015 1:24:41 AM PDT · by familyop · 69 replies
    PowerLine ^ | July 24, 2015 | Paul Mirengoff
    Donald Trump was asked today to explain why, as he has said, he has identified more with Democrats than with Republicans. The answer, he claimed, is that the economy crashed in 2008 because of mistakes made by President Bush. This may be a good answer (or the best one available) from a political perspective. Trump is appealing primarily to disaffected Republicans who believe the GOP hasnÂ’t stood up for them sufficiently on issues relating to the economy (immigration is the best example). Attributing his pro-Democrat leanings to BushÂ’s handling of the economy makes political sense. Unfortunately, it doesnÂ’t make historical...
  • US-Cuba handshake brings smiles at Biocon

    07/24/2015 11:16:17 PM PDT · by Jyotishi · 1 replies
    Daily News & Analysis ^ | Saturday, July 25, 2015 | Soumonty Kanungo
    Drug maker says better poised to licence and position its novel molecule Itolizumab, which has a Cuban origin Mumbai - Bangalore-based Biocon http://www.dnaindia.com/topic/biocon hopes that the thaw in bilateral relations between the US and Cuba offers the company a "better opportunity" to licence and partner its novel molecule Itolizumab, used for the treatment of psoriasis. The molecule, which has a Cuban origin, is the world's first novel anti CD-6 monoclonal antibody to treat multiple autoimmune diseases. The drug was launched in India in 2013 under the brand name Alzumab. "Itolizumab is advancing well. With relations restored between Cuba and the...
  • Fast Food Franchise Owners Consider Suing N.Y. Over Minimum Wage

    07/24/2015 4:03:49 PM PDT · by Oldeconomybuyer · 26 replies
    NBC News ^ | July 24, 2015
    Gov. Andrew Cuomo wants to have it his way with New York's fast-food industry — and restaurant owners aren't loving it. Franchise owners say they're considering a lawsuit against Cuomo's plan to raise the minimum wage in their eateries to $15 an hour, arguing that it is not fair or legal to be saddled with such a significant increase in labor costs that won't apply to retail, landscaping, child care or other traditionally low-wage industries. "Singling out fast food restaurants while ignoring other industries that hire workers who are paid under $15 is unfair and discriminatory, harms New York workers,...
  • Donald Trump Blames 2008 Financial Crisis on Republicans

    07/24/2015 12:44:27 PM PDT · by Jim 0216 · 99 replies
    YoungConservatives ^ | July 24, 2015 | Michael Cantrell
    If you’ve been paying attention the news the last few weeks, you’ve no doubt seen the meteoric rise of GOP presidential candidate Donald Trump, as the hype train for the real estate mogul shot into light speed after some brutally honest remarks about illegal immigration. Well, who he just pointed the finger at for the 2008 financial crisis might just hit the emergency brakes and bring this whole thing to a screeching halt. I’m pretty sure this isn’t going to sit well with a huge portion of his followers, and this may have been the gaffe that shoots down his...
  • India Rising? Modi’s Landmark Tax Bill Will Likely Pass, Says Eurasia

    07/24/2015 11:07:39 AM PDT · by entropy12
    Barron's Asia Edition ^ | 23-7-15 | Shuli Ren
    China’s loss is India’s gain. International investors are pulling out of China and plowed $705 million into India since June 12, sending the Sensex Index 7% higher. But does India have any near-term catalysts? The buzz on Narendra Modi‘s landmark reform Goods & Taxes Bill is back. An important panel in the Upper House of the parliament, which Modi’s political party does not have majority in, already approved the GST bill. Now Modi just needs to get this bill passed in the Upper House. But worryingly, the monsoon session of the parliament, which opened on Tuesday and will end on...
  • Iowa conservatives see plenty to like in Scott Walker

    07/24/2015 7:07:58 AM PDT · by Cincinatus' Wife · 21 replies
    apg-wi ^ | July 24, 2015 | Shawn Johnson | Wisconsin Public Radio
    Iowa Republicans are getting to know Gov. Scott Walker, and based on early polls, it appears that they like him. Many voters there appear enthralled with the story of Walker, the conservative folk hero, and seem prepared to overlook potential shortcomings. While it's unclear precisely what caused Walker to surge in the Iowa polls earlier this year and then stay there, the people who turned out to his rallies last weekend suggested that the image the governor's going for in this race is sinking in. At a Harley Davidson dealership in Carroll, Iowa, James Hedeen said he started paying attention...
  • Labor Reform Not a Death Knell for Legislators After All

    07/24/2015 6:07:56 AM PDT · by Cincinatus' Wife · 2 replies
    Mackinac Center ^ | July 23, 2015 | Vincent Vernuccio
    "There will be blood. There will be repercussions." Such is the common threat made against those who dare take on the union juggernaut. Michigan’s State Rep. Shenelle Jackson (D-Detroit) made the threat clear in 2012 during the passage of that state’s law on worker freedom. "What you're doing today will only serve to empower [Democrats]. We will win back this chamber, possibly take the Senate back and certainly win the governorship.” Unfortunately for Rep. Jackson and her allies, the exact opposite happened. Not a single state representative or senator who voted for right-to-work lost in the general election and the...
  • Dodd-Frank’s Nasty Double Whammy... hurting the recovery, the rule of law

    07/24/2015 4:45:57 AM PDT · by expat_panama · 19 replies
    Wall Street Journal ^ | July 23, 2015 | Phil Gramm
    Five years after the passage of the Dodd-Frank financial law, the causes and effects of the failed economic recovery are apparent throughout the banking system. The Federal Reserve’s monetary easing has inflated bank reserves, but lending has barely increased. Today banks maintain an extraordinary $29 of reserves for every dollar they are required to hold. In the first quarter of 2015 banks actually deposited more money in the Fed ($65.1 billion) than they lent ($52.5 billion). According to the Federal Deposit Insurance Corp., 1,341 commercial banks have disappeared since 2010. Remarkably, only two new banks have been chartered. By comparison,...
  • Why Scott Walker is so dangerous

    07/24/2015 1:50:00 AM PDT · by Cincinatus' Wife · 24 replies
    Washington Post ^ | July 23, 2015 | Dana Milbank
    SAN DIEGO — “First off,” Scott Walker proclaimed, “we took on the unions, and we won. We won!” Taking on the unions is usually first off for Walker, the Wisconsin governor and Republican presidential candidate. It is the very rationale for his candidacy. And on Thursday, he took a detour from the campaign trail to appear here before the annual meeting of the conservative American Legislative Exchange Council, a group of state legislators dedicated in large part to defeating unions............ Walker then went on to celebrate his triumphs over the demonstrators who objected to his dismantling of Wisconsin’s public-sector unions,...
  • There Goes Copper...

    07/23/2015 10:02:41 AM PDT · by blam · 54 replies
    BI ^ | 7-23-2015 | Akin Oyedele
    Akin Oyedele July 23, 2015Copper is at a six-year low. On Thursday, copper fell nearly 2% to as low as $2.385 a pound, the weakest level since 2009. This is part of a big sell off in commodities. Iron-ore prices have plunged, crude oil is trading below $50 per barrel, and gold is far from recovering after Sunday's flash crash and this week's continued weakness. Each market has its own set of factors motivating traders to sell. However, concern about China's slowing economy is something that is working its way across a few markets. (snip)
  • Hillary's 'Growth And Fairness' Economy Will Likely Produce Less of Both

    07/23/2015 4:25:41 AM PDT · by IBD editorial writer · 7 replies
    Investor's Business Daily ^ | 07/22/2015 | John Merline
    Hillary Clinton says she wants a "growth and fairness" economy, and that her policies will bring it about. But the little she has revealed about her economic plans sounds like a carbon copy of President Obama's agenda: higher minimum wage, universal preschool, paid time off, more money for "clean energy" and infrastructure, more regulation, expand ObamaCare, still more tax hikes on rich.
  • Social Security Disability checks face 19 percent cut in 2016 unless solution found

    07/23/2015 2:55:14 AM PDT · by 2ndDivisionVet · 102 replies
    The Charleston Post and Courier / The Associated Press ^ | July 22, 2015 | David Slade 
    Goose Creek resident Kelly Schuler said he was earning a six-figure income in corporate sales when he was diagnosed with Parkinson’s disease, and after his symptoms became apparent and he lost his job, Social Security Disability Insurance payments became his financial lifeline. Now he finds himself among the 11 million Americans who could see their monthly checks slashed by 19 percent next year, unless federal lawmakers address a looming shortfall in the Social Security fund that pays disability benefits. The main Social Security fund that pays retiree and survivor benefits is not expected to run short for another two decades,...
  • Scott Walker: A Threat to Democracy

    07/23/2015 12:33:15 AM PDT · by Cincinatus' Wife · 25 replies
    The Huffington Post ^ | July 22, 2015 | Ellen Bravo, Director, Family Values @ Work
    Four years ago, I was among tens of thousands of Wisconsinites who made their way to Madison every weekend to march against Scott Walker and his attacks on public education and on unions. We were all ages, ethnicities, political persuasions, chanting: "This is what democracy looks like!" Homemade signs sprouted amidst the snowflakes. My favorite: "He's not a Packer, he's a Steeler." (The Packers had just triumphed over Pittsburgh in the Super Bowl.) Turns out what Scott Walker set out to steal was democracy itself. First came the attack on collective bargaining for public sector unions, done with a particularly...
  • E.J. Dionne Jr.: Differing visions for Kasich, Walker

    07/23/2015 12:15:30 AM PDT · by Cincinatus' Wife · 12 replies
    Omaha World Herald ^ | July 23, 2015 | E. J. Dionne, Jr
    "........[Kasich] fought to have his state accept the Affordable Care Act’s Medicaid expansion. He made his case on moral grounds, arguing that at heaven’s door,St. Peter is “probably not going to ask you much about what you did about keeping government small. But he is going to ask you what you did for the poor.”[Walker] adamantly opposed expanding Medicaid under the health care law,and his speeches are compendiums of every right-wing bromide that party activists demand.“We need a president who—on the first day in office—will call on Congress to pass a full repeal of Obamacare,”...declared when he announced his candidacy....
  • New Highs For The Baltic Dry Index

    07/22/2015 11:32:32 AM PDT · by blam · 3 replies
    Seeking Alpha ^ | 7-21-2015 | Clark Schultz
    July 21 2015 Clark Schultz, SA News Editor The Baltic Dry Index rose 4.3% to 1,113 with gains registering for capesize, panamax, and supramax rates. The BDI has doubled since February when a weak market prompted some companies to scrap ships. Shipping rates are still well-below the level from late 2013 to late 2014.(snip)
  • Yes, because Socialism always works so well

    07/22/2015 11:00:28 AM PDT · by Calif Conservative · 15 replies
    Marketwatch.com ^ | 7-22-15 | Paul Farrell
    Yes, Pope Francis is encouraging civil disobedience, leading a rebellion. Listen closely, Francis knows he’s inciting political rebellion, an uprising of the masses against the world’s superrich capitalists. And yet, right-wing conservatives remain in denial, tuning out the pope’s message, hoping he’ll just go away like the “Occupy Wall Street” movement did. Never. America’s narcissistic addiction to presidential politics is dumbing down our collective brain. Warning: Forget Bernie vs. Hillary. Forget the circus-clown-car distractions created by Trump vs. the GOP’s Fab 15. Pope Francis is the only real political leader that matters this year. Forget the rest. Here’s why: Pope...
  • Forget gold, the sugar price collapse is far more dramatic [deflation, not debasing]

    07/22/2015 4:13:03 AM PDT · by expat_panama · 32 replies
    UK Telegraph ^ | 21 Jul 2015 | John Ficenec
    Things are not so sweet for the sugar market. Prices have been tumbling and reached a six-year low on Monday on news that Brazil's cane growers are in for a bumper harvest. But while gold made the headlines, the dramatic fall in the sugar price was widely overlooked, despite closing down 4.4pc, compared with a 2.3pc slump in the price of bullion. Over the past year alone, sugar prices have fallen by a quarter. So why has everything turned sour? Bumper Harvest Monday's sharp price drop was driven by signs that Brazil, the world's biggest producer of sugar, is on...
  • Donald Trump's success? It's because he's saying what everyone else is afraid to

    07/22/2015 2:20:47 AM PDT · by 2ndDivisionVet · 43 replies
    The Birmingham News ^ | July 21, 2015 | Leada Gore
    Imagine if you will you were crafting the perfect presidential candidate. It's likely the following would not be on your list: two-time divorcee with multiple bankruptcies; bombastic reality television star who has appeared on professional wrestling shows; loud-mouth uncensored ego maniac with questionable hair. In other words, Donald Trump. But among the 2016 GOP presidential nominees, it's Trump that's taking the headlines. It's Trump who has people talking. And, most tellingly, it's Trump who is surging in the polls, with the latest numbers showing him with almost twice the support of his closest rival. Why? There a several reasons. First,...
  • Hillary Clinton said it. Black lives matter. No hedge.

    07/21/2015 3:25:14 PM PDT · by 2ndDivisionVet · 29 replies
    The Washington Post's The Fix ^ | July 20, 2015 | Janell Ross
    She said it. She really did. Actually she typed it. But still, there was no hedge. In a live Facebook Q&A set up primarily for average people interested in asking Hillary Clinton questions, some reporters popped in too. Ok, a lot of reporters popped in, since Clinton hasn't exactly been too open about taking questions from reporters. Among the online attendees was the Post's own, Wesley Lowery. Lowery asked Clinton this question and got this response: "Black lives matter." With those three little words, Clinton acknowledged that there are myriad ways that race continues to shape life in America that...
  • These are some of the best cities to get a job right now — and they might not be the ones you think

    07/21/2015 9:04:07 AM PDT · by SeekAndFind · 6 replies
    Business Insider ^ | 07/21/2015 | Rachel Sugar
    It's been six years since the Great Recession technically ended. Since then, job numbers have come back up, and unemployment has gone back down. In April 2014, the Bureau of Labor Statistics announced that the number of US private sector jobs had finally returned to their pre-crash peak. But not all cities have recovered equally. "We know every city was hit hard," says Glassdoor's chief economist, Andrew Chamberlain, who's been looking at which areas are still struggling six years later, and which places are now booming. The short answer: Go West, young man. Of the top 10 cities on Glassdoor's...
  • Children Used by Leftist Group to Attack Scott Walker on Immigration

    07/21/2015 5:49:05 AM PDT · by Cincinatus' Wife · 53 replies
    Breitbart ^ | July 21, 2015 | Lee Stranahan
    A well-funded leftist community organizing group that works closely with unions brought a family of illegal immigrants to Iowa to harass GOP presidential candidate and Wisconsin Governor. Scott Walker(R-WI)on Sunday.A look at mainstream media reports on the incident, however, provides a stark lesson in how the country’s newsmakers twist,slant,and bury the real story of the tactics used on a daily basis by the organized network of pro-illegal immigration groups that are pushing for a radical agenda to erase America’s sovereignty.It began when Walker made a campaign stop in his Iowa hometown. Surrounded by the media horde of whirring cameras, Gov....
  • The Unintended Consequences of Hillary's Soak-the-Rich Tax Policies

    07/21/2015 4:58:30 AM PDT · by expat_panama · 9 replies
    Real Clear Markets ^ | July 21, 2015 | Scott Hodge
    Tax policy is thought by many in Washington to be one of the more effective tools in the battle against inequality. Indeed, presidential candidates like Bernie Sanders have implied they would raise taxes on the rich to correct for rising inequality, and according to the Wall Street Journal, Hillary Clinton is set to announce her plans to increase taxes on capital gains this week. Populist calls for higher taxes on the rich play very well on the stump, but the resulting policies always seem to produce unintended consequences. Two provisions of Bill Clinton's 1993 tax increase are good examples: The...
  • Wisconsin punk bands take on Scott Walker with ‘Unintimidated’ project

    07/21/2015 4:56:50 AM PDT · by Cincinatus' Wife · 4 replies
    Milwaukee Record ^ | July 21, 2015 | Matt Wild
    In case you missed it, Wisconsin Gov. Scott Walker is running for President of the United States. The former Milwaukee County Executive officially announced his candidacy last week at the Waukesha County Fairgrounds, leading his supporters to chant things like “Walker-shaw! Walker-shaw!” while enjoying the musical stylings of Rascal Flatts covering “Life Is A Highway.” You can relive the magic (complete with a blustery cameo from Sean Hannity!) by checking out our exclusive photo essay. Fun! Oh, and in case you missed this, a lot of people dislike Walker. Whether it’s because of his dismantling of unions, his dismantling of...
  • Japan Is At Risk Of Fading From Existence

    07/20/2015 6:13:10 PM PDT · by blam · 86 replies
    BI ^ | 7-20-2015 | Rodney Johnson
    Rodney Johnson July 20, 2015There’s a village in Japan where the dead outnumber the living, and I don’t mean the ancestors in the cemetery. The bodies are dispersed around the small town of Nagoro. It’s a small community of some 35 people, most in their 60s or older. The place is so sparsely populated that the locals consider their 150-plus dead a part of their community. OK, so they aren’t literal dead bodies. Instead, the locals erected scarecrow-like figures in their likeness. Scarecrows fill the schoolhouse whose students long since graduated. They wait by an old bus stop, even though...
  • Donald Trump's Arrogance Is Outdated In Corporate America: Humility new hotness in the C-suite

    07/20/2015 9:58:54 AM PDT · by 2ndDivisionVet · 44 replies
    The Huffington Post's Business Section ^ | July 20, 2015 | Emily Peck, Executive Editor, Business and Technology
    After spending decades as Wall Street darlings, arrogant business leaders are out of fashion. The new hotness for CEOs these days? Displaying humility, self-awareness and honesty. In this new world, a good leader doesn’t brag about his "TEN BILLION DOLLARS," as Donald Trump's campaign did last week. A good leader doesn’t rank his workers and fire the bottom 10 percent each year, as revered General Electric CEO Jack Welch did back in the day. The new CEOs project humility. They apologize when they screw up. They admit when they don’t know something, and they empathize with their workers and treat...
  • America’s government debt bomb [But No, we're not the next Greece]

    07/20/2015 4:54:30 AM PDT · by SeekAndFind · 10 replies
    Washington Times ^ | 07/20/2015 | Stephen Moore
    I’m asked every day if America is the next Greece or Detroit or Puerto Rico — and the answer is an unequivocal no. The U.S. economy — especially the private sector — is structurally very healthy. That wasn’t the case on the eve of the great financial meltdown of 2008 when American companies and households were leveraged up to their eyebrows. What’s different today from eight years ago is that now it’s the government that’s in the fiscal intensive care unit while companies and households have rebooted. The stunning improvement in business and family balance sheets is arguably the most...
  • Scott Walker: Satan's Candidate

    07/20/2015 2:34:57 AM PDT · by Cincinatus' Wife · 41 replies
    Pravda ^ | July 20, 2015 | David R. Hoffman, Legal Editor
    At the beginning of my recent article, Will Wisconsin's Ignorance Become America's Ignorance Again? (Pravda.Ru, 03/04/2015), I stated, "Ever since America's politicized, corrupt, unethical, corporate-controlled Supreme Court decided the cases of Citizens United vs. FEC (2010) and McCutcheon vs. FEC (2014), I have written numerous articles for Pravda.Ru describing how these two decisions destroyed the ability of working class Americans to exercise their once fundamental right to freedom of speech and unleashed a torrent of unbridled political corruption that is rapidly replacing democracy with corporate fascism." As the machinations of Wisconsin governor, and newly announced presidential candidate, Scott Walker graphically...
  • Walker says he supported path to citizenship, but not amnesty

    07/19/2015 11:19:41 PM PDT · by Cincinatus' Wife · 104 replies
    Washington Examiner ^ | July 18, 2015 | Philip Klein
    Wisconsin Gov. Scott Walker acknowledged in a CNN interview that in the past he had expressed support for a pathway to citizenship for illegal immigrants, but said that he wasn't talking about amnesty at the time. In an interview aboard his campaign trailer that aired Sunday on CNN's "State of the Union," Dana Bash pressed Walker about his shift from somebody who once said a path to citizenship for illegal immigrants "made sense" to a presidential candidate talking about restrictions on legal immigration. She asked whether such shifts undermined his pitch to voters that he's somebody who stands up for...
  • China Creates a Supercity Around Beijing, Changing Lives (130 million people)

    07/19/2015 1:59:07 PM PDT · by 2ndDivisionVet · 7 replies
    The New York Times ^ | July 19, 2015 | Ian Johnson
    YANJIAO, China — Every morning at 5:30, Liu Desheng joins a dozen retirees waiting for the express bus to Beijing from this small city in Hebei Province. They stand at the front of the line but never board, instead waiting as bus after bus pulls up, each picking up 50 people from the ever-lengthening line behind the retirees. Around 6:30, their adult children arrive. The line, now snaking down the street, has become an hourlong wait. People cut in, and a shoving match breaks out. But the retirees have saved their children this ordeal. When the next bus pulls up,...
  • Obama again praises S. Korea for ‘paying teachers the way they pay doctors’

    07/19/2015 1:16:54 AM PDT · by 2ndDivisionVet · 65 replies
    The Korea Times ^ | July 17, 2015 | Brian Han
    During U.S. President Barack Obama’s speech on Wednesday regarding a new government initiative to bring high speed internet access to low-income groups, the topic of South Korea’s education system came up. “In South Korea they pay their teachers the way they pay their doctors,” he said in front of an audience at Durant High School in Durant, Okla. “They consider education to be at the highest wrung of the professions.” The reason it came up at all had to do with South Korea’s widespread high speed internet access especially in the city’s capital of Seoul. Obama voiced a similar statement...
  • The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis

    07/18/2015 6:20:56 PM PDT · by SeekAndFind · 8 replies
    There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one. Right now, the debt to GDP ratio for the entire planet is up to an all-time record high of 286 percent, and globally there is approximately 200 TRILLION dollars of debt on the books. That...
  • Walker: 'We know how to win a battleground state like Iowa'

    07/18/2015 12:07:15 AM PDT · by Cincinatus' Wife · 31 replies
    Washington Examiner ^ | July 17, 2015 | Ryan Lovelace
    CEDAR RAPIDS, Iowa — Wisconsin Gov. Scott Walker is concluding his first week as a presidential candidate with a ten-county tour of Iowa. Walker held a town hall event in Cedar Rapids Friday afternoon and began with a prayer for the marines murdered in Chattanooga, Tenn., on Thursday. The governor said he learned one of the dead marines was from Wisconsin just before coming to town, and called radical Islamic terrorism a "virus" that is increasingly spreading into the U.S. He also mentioned his personal connection to Iowa, having lived in the state from 1970 to 1977, and said his...
  • Would Americans riot if entitlements were taken away?

    07/17/2015 11:18:42 AM PDT · by MarchonDC09122009 · 106 replies
    Senator Jerry Moran discusses dangers of national debt, and entitlements and warns what's happening in Greece may foretell America's fate. When the Gov't teat runs dry, have a SHTF plan.
  • The man the 'netroots' love to hate: Scott Walker

    07/17/2015 12:17:41 PM PDT · by Cincinatus' Wife · 17 replies
    Politico ^ | July 16, 2015 | Daniel Strauss
    PHOENIX, Ariz. — There’s no love lost for any of the 2016 Republican presidential contenders at the 2015 Netroots Nation confab, but attendees reserve a special kind of loathing for one candidate in particular: Wisconsin Gov. Scott Walker. It’s an understandable sentiment given the setting. This year’s edition of the annual convention of liberal activists is heavily focused on bread-and-butter economic issues, with a strong union presence. The AFL-CIO, the American Federation of Teachers, and the National Education Association have booths set up near the center of the convention hall, and many of the other booths are focused on one...
  • Reagan’s Tax-Cutting Legacy

    07/17/2015 11:12:49 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | July 17, 2015 | Ed Feulner
    President Reagan had a gift for proving his critics wrong. Almost none of the leading economists of the late 1970s thought that his supply-side tax-cutting agenda, along with stable monetary policy and deregulation, could revive the U.S. economy. But the prosperity of the 1980s, with growth rates higher than 6 percent, proved the Gipper correct. An economics major from Eureka College understood our free-market system better than the so-called experts at Harvard, Yale and MIT. As the 2016 presidential campaigns gear up, Reagan’s policies are under assault again, this time even from some on the right. This new group, called...
  • Walker Returns To N.H. Campaign Trail, Greeted by Eager Crowds

    07/17/2015 10:15:17 AM PDT · by Cincinatus' Wife · 16 replies
    NHPR ^ | July 17, 2016 | Brady Carlson
    A line of people stretched outside Joey's Diner in Amherst Thursday morning ahead of Scott Walker's first New Hampshire campaign event in more than a month. Call it pent-up demand; call it curiosity; call it a candidate’s emerging base of support. Whatever it was, this much was true: the crowds waiting to see the Wisconsin governor were too big for the restaurant to hold. So the campaign staff improvised, backing up a red pickup truck to the front door. "Were going to try to fit as many people inside the diner, standing-room only, after he arrives," one staffer told the...
  • Scott Walker hits the road on Iowa campaign sweep

    07/17/2015 9:01:25 AM PDT · by Cincinatus' Wife · 15 replies
    Milwaukee Journal Sentinel ^ | July 17, 2015 | Jason Stein
    Davenport— Wisconsin Gov. Scott Walker is wrapping up his first week as a presidential candidate in a three-day swing across Iowa, driving from the eastern bluffs above the Mississippi River to the western ones above the Missouri. The GOP governor will make at least 10 stops in this all-essential early state in the presidential nomination process, which will be key to his candidacy. Without a win or at least a very strong finish in this neighboring state where he spent part of his childhood, Walker is unlikely to sustain for long the campaign that he began Monday in Waukesha. To...
  • WildEarth Guardians spokesperson to Craig: “tough ####"

    07/17/2015 12:27:30 AM PDT · by kitchen · 28 replies
    Advancing Colorado ^ | Jul 16, 2015 | Advancing Colorado
    <p>DENVER — A spokesperson for the radical Santa Fe-based anti-coal group WildEarth Guardians showed no regard and no respect for the families and communities in Colorado who have everything to lose if the Colowyo mine is shut down.</p>
  • What would Reagan do? [Critique on Scott Walker]

    07/17/2015 5:06:42 AM PDT · by Cincinatus' Wife · 20 replies
    The Economist ^ | July 17, 2015
    EVERY four years, when presidential primary season rolls around, Republican voters long to find a new Ronald Reagan. This year a striking number of conservatives wonder if Governor Scott Walker of Wisconsin might fit that bill—in such numbers that Mr Walker shot into the top ranks of a crowded Republican field, as soon as he made his White House run official on July 13th. Activists are not on a literal-minded quest: their new Reagan need not look dashing on a horse, or flash a film-star smile. That is lucky for Mr Walker, a Sunday-schoolish preacher’s son whose own supporters, at...
  • Can Walker Hit South Carolina's Sweet Spot?

    07/17/2015 3:50:15 AM PDT · by Cincinatus' Wife · 32 replies
    KAUF ^ | July 17, 2015 | Jessica Taylor
    Scorching temperatures near the triple digits weren't driving away the 325 people gathered to hear Scott Walker speak at a Lexington, S.C., barbecue joint Wednesday. Packed under an open-air porch with fans that were hardly helping, the heat didn't seem to affect the enthusiasm for the Wisconsin governor on just his second day as an announced presidential candidate — and it's the type of excitement he'll need to generate to win the important South Carolina GOP primary. Clad in his Harley boots, jeans and a button down shirt, Walker bounded onto stage that afternoon to Dirks Bentley's "I Hold On."...
  • Democrats Move Sharply Left On Economics

    07/17/2015 3:40:36 AM PDT · by expat_panama · 64 replies
    Investors Busniness Daily ^ | 07/16/2015 | HAROLD MEYERSON
    In case anyone entertained doubts, Hillary Rodham Clinton's Monday speech on the economy offered proof positive that the center of the Democratic Party has moved left. Her address contained all the elements of the party's analysis of 21st-century American capitalism: • Economic rewards go only to the rich ("successful CEOs and money managers," as she put it). • Corporations reward shareholders and top executives at the expense of investment and employees. • The decimation of unions has left workers powerless to demand their share of the revenue they produce. • Sluggishness of investment, worker income and consumption has made the...