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Keyword: economy

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  • Unprecedented Presidential Posturing (Peter Schiff)

    04/13/2012 8:21:26 PM PDT · by sickoflibs · 18 replies
    Safe Haven/Euro Pacific Capital, Inc. ^ | April 12, 2012 | Peter Schiff
    Last week, responding to President Obama's latest populist assault on the wealthy, I issued a commentary in which I explained why his ideas about American economic history were fundamentally flawed. As dangerous and erroneous as those views are, at least I can cut the President some slack for commenting on a subject in which he really has no basis for expertise. Hailing from academia and local community organizing, Barack Obama likely did not spend huge amounts of time boning up on economic history. However, there are other subjects where he should find firmer footing. Constitutional law certainly comes to mind....
  • Book REVIEW: ‘Debacle’

    04/13/2012 8:03:04 PM PDT · by Bobbys1963 · 4 replies
    Washington Times ^ | Friday, April 13, 2012 | W. James Antle III
    Remember the stimulus plan? The big spending package enacted at the height of hope and change, its legacy reads like a litany of broken campaign promises. It was “only” supposed to cost $787 billion. It was intended to create or save 5.5 million jobs. It was going to keep unemployment from spiking to more than 9 percent. Even before Barack Obama was sworn in, members of his economic team were predicting that unemployment would peak at 7.9 percent sometime in 2009 before falling below 6 percent by April 2012. Does it sound like an alternate reality? Well, prepare to enter...
  • Sarah on Fox

    04/13/2012 7:36:29 PM PDT · by Aria · 31 replies
    Fox News | 4/13/2012 | Vanity
    Sarah is on FOX right now for a special about gas prices. Didn't see a thread on this. Oh how I love this woman - no teleprompter in sight - facts - love of country- optimism - practical solutions. She has it all.
  • As Mexico booms, Canadian exporters benefit

    04/13/2012 7:05:46 PM PDT · by Ge0ffrey · 10 replies
    The Globe and Mail ^ | 4/11/12 | KEVIN CARMICHAEL
    Brazil is everyone’s darling these days, but Mexico’s economy is growing faster at the moment. Mexican GDP advanced at an annual rate of 3.7 per cent in the fourth quarter and at an annual rate of 4.5 per cent in the third quarter of 2011. That left mighty Brazil eating Mexico’s dust. Brazil’s GDP grew at annual rates of 1.2 per cent and 2 per cent in the fourth and third quarters respectively. For all of 2011, Mexico’s economy expanded 3.9 per cent compared with 2.5 per cent in Brazil, according to Bank of Nova Scotia. The Canada-Mexico story isn’t...
  • French 75 pct tax rate would last years -Hollande aide

    04/13/2012 5:47:17 PM PDT · by TigerLikesRooster · 20 replies
    Reuters ^ | 04/10/12
    French 75 pct tax rate would last years -Hollande aide PARIS, April 10 | Tue Apr 10, 2012 11:26am EDT (Reuters) - The 75 percent tax rate that French presidential frontrunner Francois Hollande wants to slap on income over 1 million euros will be kept in place for many years, in line with the broader debt reduction effort, a top adviser to the Socialist candidate said on Tuesday. In an interview with Reuters, Hollande adviser Michel Sapin said the 75 percent rate was more a symbolic measure than a big moneyspinner for the state but should stay in place for...
  • Flood of foreclosures to hit the housing market

    04/13/2012 4:46:15 PM PDT · by RC one · 10 replies
    CNNmoney ^ | April 13, 2012: 5:33 AM ET | Les Christie
    NEW YORK (CNNMoney) -- The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved. The settlement, agreed to by the nation's five largest mortgage lenders, is expected to speed up the foreclosure process by providing stricter guidelines for the banks to follow when repossessing homes. The banks involved include Bank of America, JPMorgan Chase, Citibank, Wells Fargo, and Ally Financial.Many foreclosures have been in limbo since fall 2010 following the so-called robo-signing scandal, when banks allowed employees to sign off on thousands of foreclosure documents a month...
  • Two-Handed Michigan Recovery is Real

    04/13/2012 8:23:12 AM PDT · by MichCapCon · 27 replies
    Michigan Capitol Confidential ^ | 4/10/2012 | James Hohman
    Harry Truman remarked that he was “in search of a one-armed economist, so that the guy could never make a statement and then say: ‘on the other hand.’” Michigan’s economic recovery is real, but it’s going to take a while to regain what the state lost, if it ever does. For the first time in over a decade, Michigan is showing solid signs of economic growth. Michigan received two bits of good economic news this week — that state personal income was growing above average and that its unemployment rate continues its decline. This is good, but the state still...
  • Krugman's bad predictions

    04/13/2012 6:09:36 AM PDT · by richardb72 · 32 replies
    Fox News ^ | April 12, 2012 | John Lott
    Few prominent economists have a worse record predicting the impact of Obama’s economic policies than Paul Krugman. Writing for the New York Times and touting his close “genuine contact” with the “smart” economists and others in the Obama administration and the Democratic congressional leadership, Krugman has been, and remains, Obama’s most important champion. Not only has he been defending Obama’s Keynesian-type deficit-spending, but he has been advocating still more of these same failed policies. The economy just can’t gain ground. Thirty-four months since the "recovery" started in June 2009 and the actual number of jobs have increased by just 0.4%....
  • Hours of Work Needed to Purchase: CRB, SPY, Gold, Oil

    04/12/2012 1:58:13 PM PDT · by Theoria · 2 replies
    The Big Picture ^ | 10 April 2012 | Barry Ritholtz
    From Ron Griess and the always fascinating Chart Store, we see a very different read of inflation. He shares this awesome selection from his weekly blog (subscription only) of commodities,  crude oil, copper, gold, silver, corn, coffee, cotton, and the S&P500 — all priced in terms of hourly earnings:>Click to enlarge:˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜
  • Walter Russell Mead: The Myth of America's Decline

    04/12/2012 9:09:15 AM PDT · by nuconvert · 22 replies
    The world balance of power is changing. Countries like China, India, Turkey and Brazil are heard from more frequently and on a wider range of subjects. The European Union's most ambitious global project—creating a universal treaty to reduce carbon emissions—has collapsed, and EU expansion has slowed to a crawl as Europe turns inward to deal with its debt crisis. Japan has ceded its place as the largest economy in Asia to China and appears increasingly on the defensive in the region as China's hard and soft power grow. The international chattering class has a label for these changes: American decline....
  • Jobless claims unexpectedly rise last week (up to 380,000)

    WASHINGTON (Reuters) - New claims for unemployment benefits rose last week to their highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March. Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 380,000, the Labor Department said on Thursday. The prior week's figure was revised up to 367,000 from the previously reported 357,000. Economists polled by Reuters had forecast claims falling to 355,000 last week. The four-week moving average for new claims, considered a better measure of labor market trends, rose 4,250 to 368,500. The...
  • California Businessman Applies To Trademark The Phrase ‘I Believe You Zimmerman’

    04/11/2012 9:57:20 PM PDT · by 2ndDivisionVet · 5 replies
    Mediaite ^ | April 11, 2012 | Jon Bershad
    A few weeks ago, news broke that Trayvon Martin’s mother had applied to trademark the phrases “Justice for Trayvon” and “I Am Trayvon.” The news seemed to garner a mixed reaction. Some people found it slightly distasteful, while others saw it as both a way for a woman to gain any kind of restitution following an unspeakable tragedy as well as stopping others from misusing her son’s memory. Now, news has broke that some guy completely unrelated to the case has trademarked the phrase “I believe you Zimmerman.” In response to this news, some people found it to be a...
  • Terminus Part 4: Fight, Flight, And The Approach Of The Cusp

    04/11/2012 1:51:37 PM PDT · by fporretto · 3 replies
    Liberty's Torch ^ | April 11, 2012 | Francis W. Porretto
    It's time to round off this short series of screeds. If these "Terminus" posts have struck you, Gentle Reader, as unusually angry or strident, I can scarcely be surprised. I'm very angry; the country is going downhill far faster than even I expected it to go, and good men have done little more than complain about it. My contempt at such limpness in the face of social, economic, and political calamity has caused me to jack up the stridency of my prose. Whether that's for good or for ill, I can only wait and see. * * * The belief...
  • Should Taxes Be Raised on the Rich to help the economy? Help Freep this Poll!

    04/11/2012 9:39:35 AM PDT · by Howard Morrison · 44 replies
    Yahoo ^ | 4/11/12 | Howard
    Should Taxes Be Raised on the Rich to help the economy. Freep this poll (needs it badly). 64% say yes! Middle right of the page.
  • Obama On Free Markets: "We Tried It. It's Not Like We Did Not Try"

    04/11/2012 4:50:16 AM PDT · by Islander7 · 64 replies
    Real Clear Politics ^ | April 11, 2012 | Staff
    "If we would just convert these investments that we're making through out government in education, research and healthcare. If we just turn those into tax cuts, especially for the wealthy, then somehow the economy is going to grow stronger. That's the theory," President Obama said about the right at a campaign event on the tax code in Boca Raton, Florida today.
  • James Bovard: The Wrong Way to Help the Disabled

    04/11/2012 3:56:41 AM PDT · by Makana · 8 replies
    Wall Street Journal ^ | April 10, 2012 | JAMES BOVARD
    The Obama administration is on the verge of compelling most of the largest corporations and universities, as well as many smaller businesses, to adopt a 7% hiring quota for disabled job applicants—lest they be debarred from doing business with the federal government. This radical personnel policy could raise costs and slash the productivity of almost 200,000 companies with U.S. government contracts. The Labor Department's Office of Federal Contract Compliance Programs (OFCCP), declared: "For nearly 40 years, the rules have said that contractors simply need to make a 'good faith' effort to recruit and hire people with disabilities. Clearly, that's not...
  • Cheap Natural Gas Heralds an Energy Revolution [Roll over EPA]

    04/11/2012 1:32:50 AM PDT · by Cincinatus' Wife · 12 replies
    The American Thinker ^ | April 11, 2012 | S. Fred Singer
    All bets are off for the future of energy in the United States and, indeed, the world, as the price of natural gas plummets to ever-lower values -- thanks to the development of technology that can access gas and liquids trapped in hitherto inaccessible shale rocks.... ....With the pipeline problem solved (at least in the Lower 48), consider the consequences of having huge quantities of cheap gas available. It will make new coal-fired power plants uneconomic, but it will also make new nuclear plants uneconomic.(Coal and nuclear do have an important advantage over gas: the fuel can be easily stored...
  • New VRAP GI Bill for Unemployed Vets

    04/10/2012 6:13:45 PM PDT · by 2ndDivisionVet · 1 replies ^ | March 20, 2012 | Terry Howell
    The following is an update to the previous blog post on the new VRAP GI Bill “retraining” benefit: The new program, now known as Veterans Retraining Assistance Program (VRAP), will offer up to 12 months of Montgomery GI Bill benefits for older unemployed veterans. The program is part of the VOW to Hire Heroes Act which also includes tax breaks for companies that hire veterans. That means that pre-9/11 veterans who often feel left out, may soon qualify for as much as $17,600 ($1473 a month) for education and training. Here’s what you should know about the new VRAP:
  • Bernanke says financial stability a work in progress

    04/09/2012 5:27:10 PM PDT · by John W · 8 replies
    Reuters via Yahoo News ^ | April 9, 2012 | Pedro Nicolaci da Costa
    STONE MOUNTAIN, Georgia (Reuters) - The U.S. economy has yet to fully recover from the effects of the financial crisis, and regulators must continue to find new ways to strengthen the banking system, Federal Reserve Chairman Ben Bernanke said on Monday. "The heavy human and economic costs of the crisis underscore the importance of taking all necessary steps to avoid a repeat of the events of the past few years," Bernanke told a group of economists and finance experts at a conference sponsored by the Federal Reserve Bank of Atlanta.
  • Chicago Snub: Gun rights advocate and former Obama colleague: President used to treat him as 'evil'

    04/09/2012 10:01:50 PM PDT · by Bobbys1963 · 16 replies
    Daily Caller ^ | April 8, 2012 | Jamie Weinstein
    Economist John Lott, noted for his academic advocacy of gun rights, says that when Barack Obama was his colleague at the University of Chicago, the future president treated him as if he were “evil.” Lott relates his interactions with Obama in his new book, co-authored with Americans for Tax Reform’s Grover Norquist, “Debacle: Obama’s War on Jobs and Growth and What We can Do Now to Regain Our Future.” “The book relates a couple out of the dozen-and-a-half conversations that I had with him,” Lott told The Daily Caller. ”But they were all very short, cut off by Obama turning...
  • Colorado disaster-shelter company swamped with orders

    04/09/2012 9:50:55 PM PDT · by 2ndDivisionVet · 61 replies
    Toronto's 680 Newsradio ^ | April 9, 2012 | Staff
    A down economy appears to be good times for at least one Colorado company. Many disaster-shelter companies across the nation can't keep up with the demand from their customers, who all appear to be worried about the future. The Colorado company was recently profiled on the show "Doomsday Preppers," hosted on the National Geographic Channel. Owner Riley Cook says their phones have been ringing off the hook ever since, with people requesting everything from survival kits to advice. As a major project, the company is currently working on a shelter that puts most homes to shame. The nearly half-million dollar...
  • Bernanke Warns Of Risks In Money-Market Funds

    04/09/2012 8:32:37 PM PDT · by advance_copy · 13 replies
    Wall Street Journal ^ | 4/9/12 | Kristina Peterson and Michael S. Derby
    More regulatory action may be needed to safeguard the money-market mutual-fund industry, Federal Reserve Chairman Ben Bernanke said in remarks prepared for a speech on Monday night, putting his weight behind other officials who want to toughen oversight of the $2.7 trillion industry. In an address largely focused on scrutinizing murky corners of the financial system, the shadow banking system, Bernanke emphasized the need to establish regulations that protect the system as a whole from the risks that threatened it during the financial crisis. The money-market mutual-fund industry remains prone to destabilizing panics even with new regulations already in place,...
  • Economy Has Grown the Most When Democrats Have Been in Power (Yes and Obama Has Got Da "Gift")

    04/09/2012 7:26:51 PM PDT · by lbryce · 27 replies
    Washington Post ^ | April 9, 2012 | Suzy Khim
    Earlier today, I linked to a Goldman Sachs research note arguing that the most fiscally conservative outcome in the 2012 election would be an Obama victory and Republican control of Congress. But their analysis was limited to deficit reduction. Last week, JPMorgan looked at this question using a broader lens: what happens to the economy under Democratic and Republican presidents, and Democratic and Republican Congresses Goldman Sachs: Re-electing Obama and a GOP House would be the most fiscally conservative outcome The economy has grown the most when Democrats have been in total control of Washington. But, interestingly, it’s grown the...
  • Court approves $26 billion foreclosure settlement

    04/09/2012 1:06:47 PM PDT · by illiac · 4 replies
    CNNMoney ^ | 4/9/12 | Les Christie
    NEW YORK (CNNMoney) -- A federal judge approved the $26 billion settlement deal reached between the nation's five largest mortgage lenders and the attorneys general of 49 states and the District of Columbia over foreclosure processing abuses. Judge Rosemary Collyer in the U.S. District Court for the District of Columbia approved consent judgments with Bank of America (BAC, Fortune 500), Citibank (C, Fortune 500), JPMorgan Chase (JPM, Fortune 500), Wells Fargo (WFC, Fortune 500), and Ally Financial (the former GMAC) late Thursday.
  • If The Economy Was A Minority...

    04/09/2012 11:21:18 AM PDT · by The Looking Spoon · 1 replies
    The Looking Spoon ^ | 4-9-12 | The Looking Spoon
    Lifted and very slightly changed from John Hawkins's (Right Wing News) column at Townhall, Five Ways that Barack Obama has Decimated the American Economy.
  • Looking on the bright side of inflation (al Reuters spins for Ubama)

    04/08/2012 4:59:03 PM PDT · by E. Pluribus Unum · 30 replies
    Yahoo! News ^ | April 8, 2012 | Stella Dawson
    WASHINGTON (Reuters) - Sometimes a little bit of inflation is not such a bad thing. In the United States, prices starting to creep upward shows the deep wounds from the credit crisis are slowly healing and the U.S. economy is well on the road to recovery.
  • The Real Employment Situation – January 2009 through March 2012

    04/08/2012 11:10:48 AM PDT · by NaturalBornConservative · 11 replies
    Natural Born Conservative ^ | April 8, 2012 | Larry Walker, Jr.
    * By: Larry Walker, Jr. *"Our economy's now created more than 4 million private sector jobs over the past 2 years. And more than 600,000 in the past 3 months alone," Mr. Obama boasted to a forum at the White House on women and the economy, on Friday (CBS News).And in related news, on the previous evening, Egan-Jones Ratings Co. cut the U.S.A.’s credit rating one step to AA, the second downgrade in nine months and two levels below its highest grade, with a negative outlook citing the nation’s increasing debt burden (Bloomberg).Most of us are well aware of...
  • TRENDING: DNC chair (Wasserman Schultz) says Republicans rooting for bad economy

    04/08/2012 10:21:59 AM PDT · by Libloather · 56 replies
    CNN ^ | 4/08/12 | Kevin Liptak
    TRENDING: DNC chair says Republicans rooting for bad economyPosted by CNN's Kevin Liptak April 8th, 2012 09:48 AM ET (CNN) – Republicans looking to defeat President Barack Obama in November’s general election are rooting for the American economy to fail, the chairwoman of the Democratic National Committee said in an interview Sunday. Appearing on CNN’s “State of the Union,” Rep. Debbie Wasserman Schultz said criticism from Republicans on Friday’s worse-than-expected jobs report was reflective of their political motives. “What's really bothersome to me is that it almost seems like my Republican colleagues in Congress and Mitt Romney are rooting for...
  • NIALL FERGUSON: This Is The Study That Shows Why The US Economy Is Doomed

    04/07/2012 7:05:08 PM PDT · by TigerLikesRooster · 87 replies
    BI ^ | 04/05/12 | Rob Wile NIALL FERGUSON: This Is The Study That Shows Why The US Economy Is Doomed Rob Wile | Apr. 5, 2012, 2:02 PM | 17,651 | 67 A Harvard Business School study that Niall Ferguson pointed us to today shows the U.S. has fallen severely behind in terms of international competitiveness. The study, from January, found that for Harvard alums personally involved in a company relocation decision, 57 percent said the decision "involved the possibility of moving existing activities out of the U.S." Meanwhile, only 9 percent considered moving existing activities from another country into the U.S. "A U.S.-based respondent...
  • Rogoff: A centerless euro cannot hold

    04/07/2012 6:51:00 PM PDT · by TigerLikesRooster · 11 replies
    CNN ^ | 04/04/12 | Kenneth Rogoff
    Rogoff: A centerless euro cannot hold Editor's Note: Kenneth Rogoff is Professor of Economics and Public Policy at Harvard University, and was formerly chief economist at the IMF. For more from Rogoff, visit Project Syndicate's excellent new website or follow it on Facebook and Twitter. By Kenneth Rogoff, Project Syndicate With youth unemployment touching 50% in eurozone countries such as Spain and Greece, is a generation being sacrificed for the sake of a single currency that encompasses too diverse a group of countries to be sustainable? If so, does enlarging the euro’s membership really serve Europe’s apparent goal of maximizing...
  • Rick Perry and Rick Santorum met privately in Austin

    04/07/2012 9:04:18 AM PDT · by Cincinatus' Wife · 34 replies
    Houston Chronicle ^ | April 7, 2012
    .....We viewed it was a courtesy visit,” Perry’s spokesman Ray Sullivan told CNN. While Sullivan did not discuss specifics of the conversation, he confirmed that Perry remains a supporter of Newt Gingrich. After dropping out of the race in January, Perry endorsed the former speaker, largely supporting his emphasis of states’ rights. Since then, the Texas Governor has worked as a Gingrich campaign surrogate.
  • Trayvon scandal puts Chicago candy giant in uncomfortable PR spotlight (Skittles)

    04/07/2012 2:14:26 AM PDT · by 2ndDivisionVet · 41 replies
    Crain's Chicago Business ^ | April 6, 2012 | Gini Dietrich
    Our own hometown candy company, Wrigley, is facing a very interesting PR challenge. As you undoubtedly know by now, Trayvon Martin had just bought a bag of Skittles (and an Arizona Tea) when he was shot and killed. That alone wouldn't cause a company to examine its crisis management program, but because of the symbolism of the candy, college-student activists are buying it in bulk and reselling it to raise money for his family. The candy has been piled into makeshift memorials, crammed into the pockets of thousands of people who have shown up at rallies in his name and...
  • Tattoos, piercings can hold you back from that new job

    04/06/2012 4:23:47 PM PDT · by 2ndDivisionVet · 138 replies
    Arizona Central | April 6, 2012 | Ryan Clark
    Link only due to copyright issues:
  • Suicides in Greece increase 40%

    04/06/2012 12:19:03 PM PDT · by mamelukesabre · 21 replies
    boingboing ^ | 10:33 am Friday, Apr 6 | David Pescovitz
    Until now, Polyzonis's self-immolation was the most vivid image of a singular public act of protest in a country that's been shaken by anti-austerity violence. But Greece was jolted even more Wednesday after a 77-year-old man took his own life in the busy Syntagma Square, central Athens, the scene of several violent clashes between anti-austerity protesters and the police in recent months. Just a few hundred yards away from the Greek Parliament, retired pharmacist Dimitris Christoulas shot himself with a handgun amid the morning rush hour, in what was apparently a protest over the financial crisis gripping the nation… Christoulas's...
  • Krugman: Not enough inflation.

    04/06/2012 5:23:01 AM PDT · by GlockThe Vote · 39 replies
    NY Slimes ^ | 4/6/2012 | Paul Krugman
    No, the real reason the attacks on Mr. Bernanke from the right are so destructive is that they’re an effort to bully the Fed into doing exactly the wrong thing. The attackers want the Fed to slam on the brakes when it should be stepping on the gas; they want the Fed to choke off recovery when it should be doing much more to accelerate recovery. Fundamentally, the right wants the Fed to obsess over inflation, when the truth is that we’d be better off if the Fed paid less attention to inflation and more attention to unemployment. Indeed, a...
  • Egan-Jones cuts U.S. rating (based) on debt burden (AA -- now only 3rd highest rating)

    04/06/2012 9:16:39 AM PDT · by xzins · 41 replies
    Reuters ^ | Apr 6 | Richard Leong
    NEW YORK, April 6 (Reuters) - Egan-Jones Ratings downgraded the credit level of the United States as Washington has struggled to reduce the federal debt burden, which is projected to surpass the size of the country's economy. The independent rating firm, which issued the downgrade late Thursday, said its senior debt rating on the United States is now AA, its third highest rating, down one notch from AA-plus. It also maintained a negative watch on the world's biggest economy as the federal debt load could rise to $16.7 trillion at the end of 2012. U.S. gross domestic product, in the...
  • This jobs report is bad news for Obama.(vanity)

    04/06/2012 8:57:47 AM PDT · by Signalman · 26 replies
    Self | 4/6/2012 | Self
    Today's job report is bad news for Obama and the Dems. "Unexpectedly", only 120,000 jobs were created this month. Every projection I've heard in the last few days stated it was going to be well over 200,000. Secondly, the unemployment rate did tick down 1/10th of a point to 8.2 percent. However, an economist I just heard on the radio stated that the only reason this occurred is because more people have exhausted their unemployment benefits. And as we all know, the Labor Dept. doesn't take into account those individuals when it computes the unemployment rate. Additionally, at 8.2 percent...
  • U.S. Added Only 120,000 Jobs in March, Report Shows

    04/06/2012 6:17:22 AM PDT · by lbryce · 30 replies
    New York Times ^ | April 6, 2012 | Christine Hauser
    The United States economy added a relatively weak 120,000 jobs in March, compared with 240,000 in February, and the unemployment rate dipped to 8.2 percent from 8.3 percent, the Labor Department said on Friday. Analysts had forecast a 205,000 gain in nonfarm payrolls, according to a Bloomberg survey. The private sector added 121,000 jobs in March, compared with 233,000 in February. Many economists had expected March to be the fourth consecutive month of solid employment growth, with the addition of more than 200,000 jobs. In the week leading up to the government report, statistics suggested that hiring was picking up...
  • NFP Big Miss: 120K, Expectations 205K, Unemployment 8.2% (Election time number crunching)

    04/06/2012 5:51:53 AM PDT · by nhwingut · 13 replies
    Zero Hedge ^ | 04/06/12 | Tyler Durden
    March NFP big miss at just 120K. Unemployment rate declines from 8.3% to 8.2%. [SNIP] The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000.
  • Gingrich speaks at 9-12 Delaware Patriots meeting

    04/06/2012 1:47:19 AM PDT · by Cincinatus' Wife · 11 replies
    WGMD - DELMARVA | April 5, 2012 | Andrew Koch
    Former House Speaker Newt Gingrich capped his busy Thursday of cris-crossing Delaware by speaking at the 9-12 Delaware Patriots’ Sussex County chapter in the Millsboro Fire Hall. With several candidates for local and statewide offices in attendance, ranging from Glen Urquhart to Tom Kovach, Gingrich outlined his platform and vision for putting America back on the right track. He interacted with the audience from the podium, rolling with shouted remarks from attendees, and even referring to an Android tablet a man in the front row was using to talk about innovation through technology to make the government more efficient. He...
  • Dueling Economic Visions In the U.S.: On Your Own vs. On the Dole

    04/05/2012 6:44:07 PM PDT · by billflax · 9 replies
    Forbes ^ | 04/05/2012 | Bill Flax
    Dueling visions fight for America’s future. It isn’t so much conflicting economic theories seeking similar ends, but fundamental disagreements over the scope of government. The competing sides champion very different ideals. The debate pits forces seeking safety through government against those striving to live free of government interference; between those thinking it one’s responsibility to provide for his own and those who essentially suggest the state exists so we don’t have to. President Obama repeatedly pillories Republicans for espousing “On your own” economics while seemingly esteeming “On the dole” economics himself. He rails that the rich should fork over their...
  • Mike Krieger Explains Central Planning for Dummies

    04/05/2012 5:06:15 PM PDT · by Errant · 3 replies
    Zero Hedge ^ | April 5, 2012 | Mike Krieger
    For several years now I have been sounding the alarm that if you want to be engaged in the financial markets you need to assume that markets are being managed (rigged) more aggressively than at any moment in any of our lives. The Bernank and others on Wall Street and the District of Criminals understand that the situation is pretty much hopeless.
  • Obama’s Sign of Madness

    04/05/2012 12:47:17 PM PDT · by QT3.14 · 39 replies
    Commentary Magazine ^ | April 2, 2012 | Peter Wehner
    During remarks in Portland, Maine, on Friday, President Obama said, “We won’t win the race for new jobs and new businesses and middle-class security if we cling to this same old, worn-out, tired ‘you’re on your own’ economics that the other side is peddling. It was tried in the decades before the Great Depression. It didn’t work then. It was tried in the last decade. It didn’t work. You know, the idea you would keep on doing the same thing over and over again, even though it’s been proven not to work. That’s a sign of madness.”
  • This Easter, Forget the Eggs: Government Is On the Hunt for Taxes

    04/05/2012 8:00:04 AM PDT · by 92nina
    Cost of Government Center ^ | 2012-04-04 | [Staff]
    While springtime normally ushers in warmer weather, taxpayers are still feeling the chill of government this Easter season. Whether you’re hunting for chocolate Easter eggs or enjoying a family Easter dinner, government is there to take a bite out of your holiday celebration. The fourth-largest shopping holiday in the United States, 33.47 percent of the $16.7 billion spent during the Easter season is made up of government taxes and fees—approximately $5.6 billion in revenues. Easter spending is subject to income taxes, payroll taxes, corporate income taxes, and other taxes on business activity. Government then includes additional fees, excise taxes, and...
  • China Daily: Coming weeks are 'crucial'

    04/05/2012 7:17:37 AM PDT · by Oldeconomybuyer · 3 replies
    China Daily ^ | April 5, 2012 | By Chen Jia
    The coming few weeks will be the most crucial time for the country's economy in all of 2012, say Chinese economists. Many observers say the country's economy is decelerating too quickly. The biggest question facing government officials now is whether they will be able to bring that slowdown to a gradual halt, said Wang Jun, senior economist with the China Center for International Economic Exchanges, a government think tank. State-owned companies faced the stronger headwinds. Their 179.1-billion-yuan profit for the two months was down by as much as 19.7 percent year-on-year. Companies owned by overseas investors, meanwhile, earned 141.9 billion...
  • Armageddon Medicine

    04/04/2012 9:17:28 AM PDT · by blam · 16 replies
    Armageddon ^ | 1-27-2011 | Cynthia J. Koelker, MD
    Armageddon Medicine By Cynthia J. Koelker, MD January 27, 2011 What if the unthinkable happens? World War III? Total economic collapse? Worldwide plague? A 2012 asteroid collision? Biblical Armageddon? Assuming you’re fortunate enough to live through the initial event, will you be able to care for yourself in an era of no doctors, no hospitals, no pharmacies? Perhaps a few physicians will survive as well, but where are they? Can the few remaining assume care for the devastated population? 2012. It’s upon us. Is it a real or imaged threat? What about our not-so-friendly nuclear neighbors? Or a flu pandemic...
  • Something Strange: The Economy Is Behaving Badly In The Least Expected Way

    04/03/2012 7:18:54 PM PDT · by blam · 49 replies
    TBI ^ | 4-3-2012 | Joe Weisenthal
    Something Strange: The Economy Is Behaving Badly In The Least Expected Way Joe Weisenthal April 3, 2012, 8:56 PM Looking back over the latest few weeks of economy data, something stands out: Things are playing out almost 100% different than what people expected. Think back to mid-to-late February. There were two competing trends. Housing appeared to be creaking back to life, construction was generally jumping, and car sales were surging month after month. Basically, all the "big" animal spirits stuff seemed to be happening. But there was a counter-force in the form of gasoline prices. They were surging, and the...
  • Online Privacy Hearing Pits Consumers and Congress Against Regulators

    04/03/2012 9:24:42 AM PDT · by 92nina · 1 replies
    Digital Liberty ^ | 2012-04-02 | [Staff]
    Last week, the Federal Trade Commission (FTC) released its report on consumer privacy (PDF), calling for “baseline privacy legislation” along with a strong self-regulatory framework for industry. FTC Chairman Jon Leibowitz then penned an op-ed reiterating his privacy strategy: Congress sets “clear rules of the road” – a sort of best practices regulatory model – while the FTC threateningly aims its regulatory firearm at companies, nudging them into accepting the Commission’s recommendations regardless of statutory authority. But at a House subcommittee hearing just days later, Congressional leaders rightly pushed back against the FTC. At a House Subcommittee on Commerce, Manufacturing,...
  • Guest Post: Why Is Gasoline Consumption Tanking?

    04/03/2012 7:50:20 AM PDT · by Mechanicos · 98 replies
    Zero Hedge ^ | 02/10/2012 | Tyler Durden
    Retail gasoline deliveries, already well below 1980 levels, have absolutely fallen off a cliff. .... Deliveries in November 2011 were 30.9 MGD, a staggering 47% decline. ..... What other plausible explanation is there for the decline from 42.4 MGD in July 2011 to 30.9 MGD in November 2011 other than a dramatic decline in discretionary driving? That 27% drop in a few months in unprecedented, except in times of war or sharp economic contraction, i.e. recession.
  • Just In Time: When the Trucks Stop, America Will Stop

    04/02/2012 5:45:41 PM PDT · by Kartographer · 57 replies
    SHTF ^ | 4/2/12 | Mac Slavo
    A report prepared for legislators and business leaders by the American Trucking Associations highlights just how critical our just-in-time inventory and delivery systems are, and assesses the impact on the general population in the event of an emergency or incident of national significance that disrupts the truck transportation systems which are responsible for carrying some ten billion tons of commodities and supplies across the United States each year. A shut down of truck operations as a result of elevated threat levels, terrorist attacks, or pandemics would, according to the report, have “a swift and devastating impact on the food, healthcare,...