Keyword: economy

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  • Warren Buffett Just Made A Huge Bet On The US Housing Market

    10/31/2012 10:36:56 AM PDT · by blam · 10 replies
    TBI ^ | 10-31-2012 | Matthew Boesler
    Warren Buffett Just Made A Huge Bet On The US Housing Market Matthew BoeslerOct. 31, 2012, 11:13 AMPerhaps the most bullish indicator for U.S. housing is Warren Buffett. The legendary investor has been buying up real-estate brokerages around the country as he bets on a housing turnaround. Now, he is partnering with Brookfield Asset Management, a Canadian real-estate investor, to more than double the size of his brokerage business. Bloomberg Businessweek's Noah Buhayar has the details: Berkshire’s HomeServices of America Inc. unit will be the majority owner of the venture to manage a U.S. residential real-estate affiliate network, according to...
  • A Grim Preview Of This Friday's Jobs Number

    10/31/2012 10:35:52 AM PDT · by Outraged At FLA · 18 replies
    Zerohedge ^ | 10/31/12 | ZeroHedge
    Following this morning's dismal employment sub-index from Chicago Fed PMI and the recent Philly Fed employment sub-index, the 'data' suggests that this week's (now confirmed by the BLS that NFP will be released on Friday as scheduled) payroll data could be the first negative print since September 2010.
  • Economists: Romney's 12 Million Jobs Target Realistic, Even If He Loses (Framing His Presidency)

    10/31/2012 8:38:43 AM PDT · by Frapster · 3 replies
    NPR ^ | October 26, 2012 3:00 PM | Tamara Keith
    As the election draws closer, the economy and jobs remain top issues in the presidential race. President Obama points to the improvement in the labor market since he took office in the midst of a downward spiral. Both he and Republican presidential nominee Mitt Romney have five-point plans for improving the economy, although their strategies differ.
  • Conservatism is Calling (Awesome Must Share Video!)

    10/31/2012 5:54:57 AM PDT · by xzins · 16 replies
    The Visual Edge ^ | 23 Oct 12 | The Visual Edge
    CONSERVATISM IS CALLING: http://www.youtube.com/watch?feature=player_detailpage&v=gsa4uLmTw0M This is an independent video put together by a conservative to tell the conservative message
  • Former Chair of Democrats Abroad Israel Comes out for Romney (VIDEO)

    10/31/2012 4:57:38 AM PDT · by Cincinatus' Wife · 6 replies
    Front Page Magazine ^ | October 29, 2012 | Daniel Greenfield
    Democrats Abroad is the Democratic Party’s overseas party comprising American voters who live outside the United States. Democrats Abroad has chapters in many countries, including Israel. And Bryna Franklin, the former chair of of Democrats Abroad in Israel has just come out with a commercial for Mitt Romney. Video and TEXT of her comments about Obama's term in office.
  • Point Man on U.S. Sanctions to Depart

    01/23/2011 10:22:48 PM PST · by Nachum · 3 replies
    wsj ^ | 1/24/11 | JAY SOLOMON
    ISTANBUL—The point man for the Obama administration's financial wars on Iran, North Korea and al Qaeda, Stuart Levey, has decided to leave his senior U.S. Treasury Department post at what is turning out to be a particularly critical time. Mr. Levey's departure will leave President Barack Obama without the principal architect of Washington's economic-sanctions campaign against Tehran, just as that campaign is likely to be ramped up following the breakdown of talks among Iran, the U.S. and a bloc of global powers on Saturday. The negotiations, held in Turkey, were aimed at curtailing Iran's nuclear program. With no date set...
  • Obama’s Layoff Bomb

    10/30/2012 11:47:36 PM PDT · by Cincinatus' Wife · 9 replies
    National Review Online ^ | October 31, 2012 | Michelle Malkin
    In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights?The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 “mass layoff actions” (affecting 50 workers or more) in September; more than 122,000 workers were affected. USA Today financial reporter Matt Krantz wrote that “much of the recent layoff activity is connected to what’s been the slowest period of earnings growth since the third quarter...
  • Mr. Smith Goes to Washington? - The Pennsylvania Senate race is too close to call

    10/30/2012 11:38:18 PM PDT · by Cincinatus' Wife · 11 replies
    Weekly Standard ^ | November 5, 2012 issue | MICHAEL WARREN
    Plumcreek Township, Pa. Last year, Tom Smith looked at the U.S. Senate race in Pennsylvania with dismay. The incumbent, first-term Democrat Bob Casey Jr., seemed vulnerable. The son of a well-liked, pro-life former Democratic governor, Casey had served in the Senate for six undistinguished and forgettable years. His vote for Obama-care, with its mandates and subsidies for abortion, was a blemish on his supposedly pro-life record. With a good message and enough money, a solid Republican candidate might knock off Casey by courting Reagan Democrats across the state. It had been done two years before, when conservative Republican Pat Toomey...
  • Mitt Romney set to win, maybe by a mile: Republican momentum makes prez desperate

    10/30/2012 11:18:56 PM PDT · by 2ndDivisionVet · 30 replies
    The Boston Herald ^ | October 31, 2012 | Michael Graham
    One week from today, the Boston Herald’s front page will either read “Obama Pulls Out Victory” Or “Romney Wins.” (Actually, given that this is the Herald the headline will be something clever like, “He’s Barack In Charge!” or “Sweet Mitt-ory!”) I predict the latter. One week from today, Mitt wins. I’ll even go a step farther. I’ll ask the question poll watchers across America are thinking but afraid to ask: Is this election over? If your source of news is MSNBC or the Boston Globe-Democrat, obviously not. If anything, you think President Obama is on the verge of a massive...
  • The Virtual Economic Recovery Courtesy of Inflation

    10/30/2012 1:43:10 PM PDT · by blam · 4 replies
    TMO ^ | 10-30-2012 | Paul Craig Roberts
    The Virtual Economic Recovery Courtesy of Inflation Economics / InflationOct 30, 2012 - 02:35 AM By: Paul Craig Roberts Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation. The financial Presstitutes spoon out the government’s propaganda that prices are rising less than 2%. But anyone who purchases food, fuel, medical care or anything else knows that low inflation is no more real that Saddam Hussein’s weapons of mass destruction or Gadhafi’s alleged attacks on Libyan protesters or Iran’s nuclear weapons. Everything is a lie to serve the power-brokers. During the...
  • The IRS Tax Form for Obamacare Individual Mandate

    10/30/2012 1:15:19 PM PDT · by 92nina · 28 replies
    ATR ^ | 2012-10-29 | [Staff]
    As a service to the public, Americans for Tax Reform has released a projected tax form to help families and tax specialists prepare for the additional filing requirement required by the Affordable Healthcare Act's individual mandate. Starting in 2014, all Americans who file income tax returns must complete an additional IRS tax form. The new form requires disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate. As confirmed by IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health...
  • President Romney "Would Be Bad News for Gold"

    10/30/2012 9:28:49 AM PDT · by blam · 26 replies
    TMO ^ | 10-30-2012 | Ben Traynor
    President Romney "Would Be Bad News for Gold" Commodities / Gold and Silver 2012Oct 30, 2012 - 07:05 AM By: Ben Traynor THE SPOT MARKET gold price traded just below $1715 an ounce during Tuesday morning's London session, little changed from last week's close, while European stock markets recovered their losses from a day earlier and UK and German government bond prices fell. "Downside targets will be in focus while the gold price stays below the 17 October high at $1753.86," says Commerzbank senior technical analyst Axel Rudolph. The silver price climbed above $32 an ounce shortly after London opened,...
  • The Romney presidency: The worst-case scenario (Women & children hardest hit, blah, blah, blah)

    10/30/2012 1:51:46 AM PDT · by 2ndDivisionVet · 26 replies
    Salon ^ | October 29, 2012 | Alex Pareene
    A few moderates and liberals have lately taken to arguing that, you know, maybe a Romney presidency wouldn’t be too bad. He might turn out to be more moderate, or at least pragmatic, than he’s acted in the campaign so far. He might make a point of reaching out to Democrats in Congress. Republicans might regain their trust of Keynesian economics and actually do things to boost the economy out of naked political self-interest, instead of sabotaging the economy out of same. I am not really convinced! Mitt Romney will be working with a Congress full of Republicans and his...
  • Michelle: President Wasn't 'Pointing Fingers' When He 'Inherited Economy in Rapid Decline'

    10/29/2012 1:57:00 PM PDT · by Nachum · 27 replies
    CNS News ^ | 10/29/12 | Matt Cover
    (CNSNews.com) – First Lady Michelle Obama said Friday that her husband, President Barack Obama, was not “pointing fingers” and blaming anyone for the economic crisis happening when he took office. But one day before, on Thursday, Obama blamed the policies of “the previous president” for the ongoing weak economy. Appearing at a Las Vegas campaign stop on Friday, Mrs. Obama said that the president did not blame anyone else for the economic crisis he inherited. “He inherited an economy in rapid decline,” she said. “But instead of pointing fingers, instead of placing blame, your president got to work because he...
  • Oliver Stone's new book rips President Obama

    10/29/2012 12:25:07 PM PDT · by Beave Meister · 5 replies
    Politico ^ | 10/29/2012 | KATIE GLUECK
    A new book from filmmaker Oliver Stone offers a scathing critique of President Barack Obama’s time in office. Stone, who wrote “The Untold History of the United States” with historian Peter Kuznick, puts forth a liberal interpretation of American history from the turn of the last century to present day. The 618-page book, slated for release Tuesday - a week before Election Day - from Gallery Books, slams Republicans and Democrats alike, and the authors’ assessment of Obama’s presidency is tinged with disappointment. “The country Obama inherited was indeed in shambles, but Obama took a bad situation and, in certain...
  • Romney super PAC forces Team Obama to buy airtime defending Pennsylvania

    10/29/2012 12:09:18 PM PDT · by Cincinatus' Wife · 6 replies
    The Washington Examiner ^ | October 29, 2012 | Joel Gehrke
    Mitt Romney’s super PAC is running ads in Pennsylvania, a traditional Democratic stronghold, which has forced the Obama campaign to spend money defending that state even as it denies that the race there could be close. “This morning, Restore Our Future decided to go up in Pennsylvania, [so] we’re going to go up as well,” Obama campaign manager Jim Messina said. “They are not close in Pennsylvania — we are going to win Pennsylvania — but we’re not taking anything for granted.” The spin accompanying that revelation was part-and-parcel with the rest of the conference call, which Messina hosted along...
  • High Gasoline Prices and the 2012 Recession, Part II

    10/28/2012 8:09:06 PM PDT · by NaturalBornConservative · 20 replies
    Natural Born Conservative ^ | October 28, 2012 | Larry Walker Jr
    Artificial Demand ::“Real demand is not artificial. We should resist as much as possible the notion of providing things that are not actually demanded by anyone.” ~ American Consensus- By: Larry Walker, Jr. -The price of any product or service is normally determined by two variables, supply and demand. In economics, prices rise as demand increases, as supply decreases, or a combination of the two. It’s only when supply keeps pace with demand that the price of gasoline stabilizes or declines.Since we know that the world’s population is increasing, not decreasing, more gasoline production is constantly required, not less. It...
  • High Gasoline Prices and the 2012 Recession, Part I

    10/28/2012 8:04:47 PM PDT · by NaturalBornConservative · 6 replies
    Natural Born Conservative ^ | October 28, 2012 | Larry Walker Jr
    Truth is not easily hidden.- By: Larry Walker, Jr. -Conventional retail gasoline averaged $3.65 a gallon in the most recent week ended October 22, 2012, yet when Barack Obama was sworn into office the price averaged $1.88. When questioned about the 94.2% increase which occurred on his watch, Mr. Obama remarked that the reason gasoline prices were so low when he entered office was because the U.S.was “in the middle of an economic depression.” However, the question wasn’t why prices were so low when he entered office, but rather why they ballooned by 94.2% on his watch. We’re still awaiting...
  • India's family businesses are thriving, see sales growth last fiscal: PricewaterhouseCoopers

    10/28/2012 2:44:45 PM PDT · by James C. Bennett · 2 replies
    The Economic Times ^ | 28 Oct., 2012 | The Economic Times
    NEW DELHI: Notwithstanding the sagging economic situation, family businesses in India are thriving, as 74 per cent of firms have witnessed growth in sales in the last fiscal, says a survey by consultancy firm PwC. PwC calls the family business as a "resilient model" for the 21st century as the structure offers significant advantages and benefits - particularly with regards to their agility/flexibility, continuity and the longer-term perspective. Moreover, family businesses also have a stronger set of values than other businesses, it says. According to the Family Business Survey (FBS) 2012 conducted by PwC, 74 per cent of family businesses...
  • Prudent Change: Romney promises hope for recovery (Another big endorsement)

    10/28/2012 10:16:43 AM PDT · by 2ndDivisionVet · 2 replies
    The Richmond Times-Dispatch ^ | October 28, 2012 | The Editors
    The tone of the 2012 campaign might best be captured by the need to begin with an emphasis on what the Republican candidate will not do. Mitt Romney will not raise taxes on the middle class. He will not destroy Medicare. And he will not lie to the American people every time he opens his mouth. Political campaigns exaggerate grossly, play loose with the facts and cast the opposition in the worst light imaginable. Yet it is difficult to recall a campaign less truthful than President Obama's in 2012. Its foundation rests on deeply misleading assertions about Romney, a strategy...