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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: 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
    ( – 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...

    10/28/2012 9:49:29 AM PDT · by oneprolifewoman · 28 replies
    Human Events Blog ^ | John Hayward
    Political ads can be difficult to evaluate. Sometimes memorable ads aren’t particularly effective. I still have fond memories of the Demon Sheep, but she wasn’t able to secure a campaign victory for her candidate. The Romney campaign has already gotten quite a bit of mileage out of contrasting their candidate with Barack Obama’s chilling vision of “You Didn’t Build That” collectivist theory. Now they’ve refined that contrast into nuclear political ordnance. This morning I’ve been hearing people compare the power of this ad to the infamous “Daisy” mushroom-cloud commercial deployed against Barry Goldwater. Unlike “Daisy,” this one is honest. This...
  • Mercer: A swing voter explains his switch to Romney

    10/27/2012 11:02:13 PM PDT · by 2ndDivisionVet · 17 replies
    The Corner News ^ | October 27, 2012 | Marsha Mercer
    If Mitt Romney wins the White House, he can thank voters like Dayle Mauck of Fredericksburg, Va. Mauck, 57, is a swing voter in a key battleground state. He voted for Barack Obama four years ago, but he’s backing Romney Nov. 6. “My theory is Obama is a good man and he means well, but he and Congress just butt heads,” Mauck told me. “Romney has been in business. He knows what it’s like. I’m looking for who can get the economy rolling again.” Political commentators toss around the slogan “it’s the economy.” Voters like Mauck live with it every...
  • QE3, A Light On The Future For Investors

    10/27/2012 10:25:23 AM PDT · by blam · 2 replies
    TMO ^ | 10-27-2012 | DeepCaster LLC
    QE3, A Light On The Future For Investors Stock-Markets / Financial Markets 2012Oct 27, 2012 - 05:28 AM By: DeepCaster LLC “The challenge for Ben Bernanke and the Fed governors since the 2008 bailouts has been how to deal with the backlog of fraud – not just fraudulent mortgages and fraudulent mortgage securities but the derivatives piled on top and the politics of who owns them, such as sovereign nations with nuclear arsenals, and how they feel about taking massive losses on AAA paper purchased in good faith. On one hand, you could let them all default. The problem is...
  • How Obama Turned U.S. Economy into "Hostile Work Environment"

    10/27/2012 6:45:25 AM PDT · by Kaslin · 8 replies ^ | October 27, 2012 | Wayne Allyn Root
    The Presidential debates were Exhibit A for Obama's habit of "misplacing the truth" (ie lying). Obama told lots of hard-to-believe whoppers about his support of guns; his love of the oil, gas and coal industries; his unshakeable loyalty to Israel; and of course his response to the Libya Embassy attack. Boy can this guy misplace facts. Only a lawyer could say stuff like that with a straight face. But the biggest whopper of all was when Obama claimed to be a champion of small business. He stressed this misguided storyline in all three nationally-televised debates. Obama even made a specific...
  • Mitt Romney: It’s time for real change, America

    10/26/2012 9:46:17 PM PDT · by 2ndDivisionVet · 6 replies
    Hot Air ^ | October 26, 2012 | Erika Johnsen
    I hardly even know what to add to this. In a well-framed, critical yet optimistic, to the point, and refreshingly presidential speech in Iowa on Friday afternoon, Mitt Romney simply and clearly laid out his economic vision for his presidency. He touched on all the major domestic spheres of our economy and our society — our budget, education, energy, health care, regulations, you name it — without shying away or making excuses. It was a remarkable difference from the petty tone and shrinking subject matter we’ve heard from President Obama of late, and as Romney points out, the president so...
  • Gaming update: Layoffs everywhere, MOGA controller woes and A Game of Dwarves (Even video games?)

    10/26/2012 8:04:37 PM PDT · by 2ndDivisionVet · 5 replies
    IT World ^ | October 26, 2012 | Peter Smith
    It's been a week of bad news in the gaming world, so lets get through this together. Zynga laid off 5% of their staff this week in an attempt to shore up their bottom line. They closed a Boston office, reduced staff in Austin and have proposed shutting down shops in the UK and Japan. They're sunsetting 13 games and cutting down investment in their title The Ville (a game that is the subject of legal action from EA who claims it copies EA's The Sims Social). I'm not a fan of Zynga's practice of cloning successful games but it's...
  • Muslims spreading wealth and good will around the world. - Vanity

    10/26/2012 2:43:30 PM PDT · by SeaDragon · 19 replies
    Personal observation on today's adventure | 10/26/2012 | SeaDragon
    While visiting the lovely island of Cozumel, Mexico, Mr. Dragon and I rented a car and went around the island to one of our favorite places Señor Iguana's. This is a local place (not a chain) and they have great margaritas, excellent food and the view is one of the most beautiful of the ocean waves. As we sat down and gave our drink order to Rudy (a nice young man that we visit with every year), we noticed a table near the view, that had 4 people sitting at it. On one side, was a Muslim male, and on...
  • GDP grew at 2% in Q3; 2012 Growth Slower Than 2011

    10/26/2012 6:38:36 AM PDT · by Justaham · 6 replies ^ | 10/26/12
    The nation's weak economic recovery continued in the third quarter of 2012, with the growth rate reaching a sluggish 2%--largely fueled by a "burst" of government spending, according to news agencies. The growth rate was a modest improvement on the 1.3% expansion of gross domestic product achieved in the second quarter, and surpassed market expectations, which had been low. The 2% rate may yet be revised; last month the rate for the second quarter was revised downward from 1.7% to 1.3%. GDP growth for the past year remains stuck at an average of 1.74 percent, below last year's average of...
  • Obama's Second-Term Plan Is Nothing But A Stage Prop

    10/26/2012 4:43:40 AM PDT · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 10/25/2012 | IBD Staff
    Election 2012: Anyone wondering why President Obama waited to reveal his second-term agenda should read his "plan." It's nothing but a stage prop full of recycled policies, failed ideas and stuff he ignored in his first term. Even crediting Obama with putting forth a new plan is being too generous. All he really did was scrape together the handful of proposals he'd put up on his campaign website and add some nice photos and pretty graphics. But since he's waving around his 20-page, seven-point (two more than Romney's!) plan at every campaign stop and acting like it's a credible strategy...
  • Obama's 'Battleship' Argument Has Holes in its Hull

    10/26/2012 4:25:43 AM PDT · by Kaslin · 12 replies ^ | October 26, 2012 | Jonah Goldberg
    In the third and final debate, Barack Obama scored huge points with the media, college kids and die-hard liberals -- in other words, his base -- when he mocked Mitt Romney's concern about our historically small Navy. "But I think Governor Romney maybe hasn't spent enough time looking at how our military works," the president said. "You -- you mentioned the Navy, for example, and that we have fewer ships than we did in 1916. Well, Governor, we also have fewer horses and bayonets because the nature of our military's changed. We have these things called aircraft carriers where planes...
  • Here's The Hot Recession Warning Chart That Everyone Is Passing Around

    10/26/2012 3:57:25 AM PDT · by blam · 3 replies
    TBI ^ | 10-26-2012 | Joe Weisenthal
    Here's The Hot Recession Warning Chart That Everyone Is Passing Around Joe WeisenthalOct. 26, 2012, 4:13 AMA few weeks ago, we mentioned that Gluskin-Sheff economist David Rosenberg was worried about the sharp downturn in the year-over-year growth rate of the 3-month average of core CAPEX (capital expenditure) orders. His interpretation: The fiscal cliff is already creating a lot of uncertainty, and could be pushing the US economy closer to recession. Now everybody is talking about this fact and this chart. In his latest note out, BTIG's Dan Greenhaus updates Rosenberg's chart with the latest data. It's still not pretty (though...
  • Eurozone nears Japan-style trap as money and credit contract again

    10/25/2012 9:58:52 PM PDT · by bruinbirdman · 1 replies
    The Telegraph ^ | 10/25/2012 | Ambrose Evans-Pritchard
    All key measures of the eurozone money supply contracted in September and private credit fell at an accelerating pace, dashing hopes of a quick recovery from recession. Data from the European Central Bank show that the tentative rebound in the money supply over the summer may have stalled again in September. The broad M3 gauge -- watched by experts as an early warning signal for the economy a year or so ahead -- shrank by €30bn and is now down by €143bn since April. This is highly unusual. The narrow M1 gauge watched for signals of activity six months head...
  • U.S. Dollar Hyperinflation by 2014 Says John Williams

    10/25/2012 6:10:33 PM PDT · by blam · 23 replies
    TMO ^ | 10-25-2012
    U.S. Dollar Hyperinflation by 2014 Says John Williams Economics / HyperInflationOct 25, 2012 - 03:06 AM Economist John Williams says the latest round of “open-ended” QE has set the table for a global “dollar sell-off” and “hyperinflation” no later than 2014. Williams says, “There’s no way the consumer can fuel the economic recovery, and there is no way we’re going to see one in the near future.” Williams predicts, “The Treasury is going to have funding problems, and that means the deficit gets a lot worse.” Now, there is talk the Fed might increase the money printing. Williams charges, “The...
  • U.N. Human Rights Council Calls for Boycott of U.S. Companies

    10/25/2012 11:29:23 AM PDT · by SkyDancer · 25 replies
    The Washington Free Beacon ^ | October 25, 2012 12:56 pm | Washington Free Beacon Staff
    The Washington Free Beacon has obtained a report soon to be released by the United Nations that calls for an international campaign of legal attacks and economic warfare on a group of American companies that do business in Israel, including Hewlett-Packard, Caterpillar Inc., and Motorola Solutions Inc.
  • Kentucky retailers see no economic improvement in 2012

    10/25/2012 7:38:28 AM PDT · by Republican Wildcat · 1 replies
    The Lane Report ^ | 10/24/2012
    FRANKFORT, Ky. (Oct. 24, 2012) — The results of this year’s Kentucky Retail Federation economic survey of membership are in and show that an overwhelming majority – 79 percent – of KRF members believe their business won’t be financially better off this year than in 2011. That’s a 3-percent increase over last year’s survey results. “This is clearly the most important question and reflects that Kentucky retailers aren’t optimistic about what this year means to them,” said Laura Leigh Goins, vice president of communications and member relations. “We hear a great deal about sales figures, but without considering the cost...
  • The President Sends His Non-Regrets (Des Moines Register interview)

    10/25/2012 7:25:42 AM PDT · by bobsunshine · 9 replies
    Wall Street Journal ^ | October 25, 2012 | WSJ Editor
    President Obama doesn't give many interviews these days outside Comedy Central, so it caused a stir Wednesday when editors at the Des Moines Register managed to pin him down and even elicit some news. Specifically, Mr. Obama said he wants to pursue immigration reform in a second term, as well as a budget "grand bargain" with Republicans that includes tax reform. This will come as a surprise to voters reading the President's just-released 20-page brochure on his second-term agenda, which makes little or no mention of these priorities. Perhaps that's why the White House first demanded that the interview be...
  • Some plan

    10/25/2012 7:11:37 AM PDT · by afraidfortherepublic · 1 replies
    The Hill ^ | 10-25-12 | A. B. Stoddard
    It's almost certain that President Obama released his agenda, titled "The New Economic Patriotism," the night before a Donald Trump blockbuster announcement designed to derail Obama's reelection. He had to have been hoping dearly the Trump stink-bomb would take all the oxygen away from any second-day stories about the "plan for jobs and middle-class security" the campaign published. It's not just that the plan is the first voters have heard of any Obama has for his second term — two weeks before Election Day — but that the brochure is about as cheesy a cheap shot as they come. Unfortunately...
  • Singer: Obama's EPA Plans for 2013 (hidden from voters - regulations, job losses and costs....)

    10/25/2012 12:39:52 AM PDT · by Cincinatus' Wife · 15 replies
    The American Thinker ^ | October 25, 2012 | S. Fred Singer
    The November elections will determine the direction of US climate policy -- and therefore also energy policy and the pace of economic growth: jobs, standards of living, budget deficits and inflation. Obama has already promised to make climate change the centerpiece of his concern -- with all that implies: "Green" energy policy, linked to loss of jobs (Keystone pipeline disapproval), rising gas prices (ethanol mandates), and crony capitalism (Solyndra). By contrast, Romney is a climate skeptic -- and Ryan has been quite outspoken: the perfect anti-Gore. The science supports Romney-Ryan -- notwithstanding the UN-IPCC, and the bulk of the climate...
  • Obama Slashes Four Hours Off Definition of “Full-Time” Employment

    10/24/2012 6:17:10 PM PDT · by Lorianne · 16 replies
    Financial Sense ^ | 24 October 2012 | Michael Shedlock
    The BLS Glossary defines full-time workers as "Persons who work 35 hours or more per week". For monthly reporting, the BLS defines part-time as "those who worked 1 to 34 hours during the survey reference week". With that wording, I am not precisely sure where 34.1 or 34.5 hours fit. Interestingly, the Obamacare mandate says Anyone Who Works 30-Hour Week Is Now 'Full-Time' Lookback Period Three Months To One Year The IRS has a publication on Determining Full-Time Status for Purposes of Shared Responsibility for Health Coverage. The key to explaining the recent jump in part-time employment is found in...
  • Obama: 'Absolutely' No Regrets For Ignoring Economy for First Two Years

    10/24/2012 5:47:10 PM PDT · by Beave Meister · 19 replies ^ | 10/24/2012 | Joel B. Pollak
    The Obama campaign has finally released the transcript of his endorsement interview with the Des Moines Register--and it is clear why they were reluctant to do so: the President says he has "absolutely" no regrets about ignoring the economy during the first two years of his term, when Democrats controlled Congress. Here is the key part of the exchange: Q: Yes, that begs a question from us, Mr. President. Some say you had a super majority in your first two years and had this incredible opportunity, but because of what you were talking about, as you were running, you had...
  • Obama Has Released A 27-Point Plan For His Second Term, And It's A Doozy (Here's a quick summary)

    10/24/2012 3:04:29 PM PDT · by SeekAndFind · 34 replies
    Business Insider ^ | 10/24/2012 | Walter Hickey
    After failing to deliver a line by line economic plan, the Obama campaign stepped up to the plate this week and delivered a glossy memo with 27 points on how he would use a second term in office. It's called The New Economic Patriotism: A Plan For Jobs & Middle-Class Security and millions of copies have been printed and shipped off to swing states. The plan is broken up into seven different parts, focusing on topics that include manufacturing, energy, small businesses, education, taxes and the deficit, healthcare, and Medicare and Social Security. While a lot of crucial details are...
  • CNN: Not Only Is Obama's Plan Old But It Doesn't Add Up (Wow, just Wow)

    10/24/2012 1:42:46 PM PDT · by Beave Meister · 29 replies
    YouTube ^ | 10/2/2012
    CNN: Not Only Is Obama's Plan Old But It Doesn't Add Up
  • Dow Chemical to Close 20 Plants and Cut 2,400 Jobs as Economy Slows

    10/24/2012 8:14:29 AM PDT · by SC_Pete · 6 replies
    Industry Week ^ | 10/23/2102 | Agence France-Presse
    Dow Chemical (IW 500/22) said Tuesday it planned to cut 5% of its global workforce, or 2,400 people, and shut 20 plants in an effort to slash costs as the global economy slows. Dow said it aimed to generate $500 million in savings on annual operating costs from the cuts by the end of 2014. The company will also cut capital investment on programs it no longer sees as priorities, for another $50 million in savings, it said. Two U.S. Plants will Close The shuttered facilities will include plants in Tessenderlo, Belgium; Delfzijl, the Netherlands; Ribaforada, Spain; Birch Vale, UK;...
  • Smoking Gun Benghazi Emails: Now Obama Wants to Talk About the ECONOMY!

    10/24/2012 7:37:47 AM PDT · by NOBO2012 · 11 replies
    Michelle Obama's Mirror ^ | 10=24-2012 | MOTUS
    Uh oh! What fresh hell is this? An email trail?Wow! This is news: it looks like Benghazi was described as a terror attack just two hours after the attack began. Who knew!? Apparently everyone. (snip)Anyway,it’s becoming increasingly evident why Bubba has become one of Big Guy’s most trusted advisors as of late-he has a lot of experience in this area: (snip)However,now that Bubba’s life partner has been pressed into service as the fall gal in Benghazi-gate,can Big Guy continue to rely on getting the same kind of good advice from him? “Ah tried to warn you he was a snake...
  • The Concerns That Spooked Markets On Black Monday Are Comical Compared To The Horrors Of Today

    10/24/2012 5:10:44 AM PDT · by blam · 1 replies
    The Concerns That Spooked Markets On Black Monday Are Comical Compared To The Horrors Of Today Peter Schiff, Euro Pacific CapitalOctober 24, 2012, 1:40 AM25 years ago, on another Monday in late October, the financial world seemed to disintegrate in a heartbeat. Though the 205 point drop in the Dow last Friday (the technical anniversary of the '87 Crash) was somewhat reminiscent of its 108-point drop on Friday, October 16, 1987, the real action in '87 was on the Monday that followed. And while this Monday is not nearly as black, it is important that we use the opportunity to...
  • Let Detroit Go Bankrupt? It Already Has [50 years of Democrat rule destroys "Paris of the Midwest"]

    10/24/2012 2:15:57 AM PDT · by Cincinatus' Wife · 27 replies
    Front Page Magazine ^ | October 24, 2012 | Daniel Flynn
    “I’m a son of Detroit,” Mitt Romney confessed during Monday’s presidential debate. “I was born in Detroit. My dad was head of a car company. I like American cars. And I would do nothing to hurt the U.S. auto industry.” But like so many Detroiters, Mitt Romney left before the capital of the U.S. auto industry could hurt him. Detroit is scary. Detroit has just been named the most dangerous city in America. This is the fourth consecutive year that Forbes has bestowed the dishonor upon the Motor City. A few years back, the Bay Area Center for Voting Research...
  • The New Economic Patriotism: A PLAN FOR JOBS & MIDDLE-CLASS SECURITY is an Obama Joke

    10/24/2012 1:05:15 AM PDT · by lowbridge · 8 replies
    Obama, once again, indicates his contempt for the American people by telling them he has a plan for his second term. Published as a 20-page “booklet,” it is nothing more than the outline of another speech. Who in the right mind believes the ills of our nation can be cured by a speech with high-flying rhetoric or a so-called book which is the equivalent of an outline. There is nothing of substance here –exactly like the incompetent Barack Obama who confuses speeches with action. Speaking as if what he says is literally true and will be accomplished. Four years of...
  • The Inverted Yield Curve - What do you economics nerds think?

    10/23/2012 2:47:30 PM PDT · by fwdude · 8 replies
    10/23/12 | fwdude
    I'm looking for your take, if you're deep into economics and business cycles, on the steeply inverted yield curve on fixed income instruments I'm seeing now. Conventional wisdom says that it signals a serious economic downturn, with the degree of the inversion commensurate with the severity of an impending economic recession/depression. I have been watching a lot of rates on Bankrate and see this sign across the board. My own ING Direct accounts are no exception; I'd have to go out to 60 month CD's - 60 months!!! - to just barely clear the rate I'm earning on my regular...
  • PhillyDeals: Small-business owners plan to delay hiring process until after election

    10/23/2012 9:50:57 AM PDT · by Phillyred · 8 replies ^ | Oct. 23, 2012 | Joseph N. DiStefano
    Pennsylvania small-business owners are delaying hiring plans to see who wins the fall elections, Philadelphia-based accounting firm ParenteBeard says, after surveying 70 Pennsylvania small-business bosses. Four in 10 said they're waiting for the vote before executing their current plans to add staff, John Nealon, head of the firm's small-business accounting practice, told me. (Despite persistent high unemployment, one in eight employers said it's so tough to find "qualified, talented new hires" in today's market that this has become their biggest challenge, though larger groups cited economic uncertainty, health insurance costs and weak consumer spending.) These bosses were overwhelmingly pro-Romney -...
  • The Collapse of The American Dream Explained in Animation

    10/23/2012 7:34:08 AM PDT · by FormerRep · 8 replies
    An interesting and entertaining video about the conception of the federal reserve, IRS and unconstitutional central banking authority.