Forum: News/Activism

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  • £100 billion and counting: What Britain has paid to Brussels in the last 40 years

    12/13/2012 5:36:26 AM PST · by Olog-hai · 2 replies
    Daily Mail (UK) ^ | 07:42 EST, 13 December 2012 | Matt Chorley
    Britain’s membership of the European Union has cost taxpayers almost £100 billion since its formation. As David Cameron travels to Brussels today for another EU summit, it emerged that from 1973 to this year, Britain has paid £97 billion ($156 billion) in net payments. … Cameron is due to attend talks today aimed are establishing a single banking watchdog for Eurozone countries. … But the move is being seen as a significant step towards a European super state. … It means national governments will no longer have oversight of their banks. …
  • Fiscal Cliff Creates Problems That Don't Faze Obama

    12/13/2012 5:35:41 AM PST · by Kaslin · 18 replies ^ | December 13, 2012 | Michael Barone
    Is Barack Obama bluffing when he threatens to go over the fiscal cliff if Republicans refuse to agree to higher tax rates on high earners? Some analysts think so. Keith Hennessey, a former top staffer for the Bush White House and Senate Republicans and a veteran of budget negotiations, argues that Obama's whole second term would be blighted if he allows the fiscal cliff tax increases and sequestration budget cuts to take place next month. His argument is based on three assumptions. One is that going over the fiscal cliff would trigger a sharp recession and a weak economy thereafter....
  • Britain lifts ban on shale gas fracking

    12/13/2012 5:17:39 AM PST · by Olog-hai · 12 replies
    Irish Times ^ | Thursday, December 13, 2012, 11:14 | (Agencies)
    Britain this morning lifted its ban on shale gas exploration as it aims to become a European leader in a sector that has transformed the US energy market and counter a fall in the UK’s natural gas production. … Europe’s largest gas consumer, Britain, had put a temporary stop to hydraulic fracturing or “fracking” for shale gas in May 2011, a process in which water and chemicals are injected at high pressure into rock formations to retrieve trapped gas, after earth tremors were measured near a fracking site close to Blackpool. Fracking can resume immediately, but explorers need to operate...
  • European ministers ink deal on bank oversight

    12/13/2012 5:11:51 AM PST · by Olog-hai · 1 replies
    Associated Press ^ | Dec. 13, 2012 12:05 AM ET | SARAH DiLORENZO and RAF CASERT
    The European Union on Thursday took a major step towards one of the most important transfers of financial authority away from national capitals when its member states agreed to create a single supervisor for their banks. The political agreement reached at dawn by finance ministers augured well ahead of the evening start of a summit of the 27 government leaders seeking to set up a banking union. … Under the deal, banks with more than €30 billion ($39 billion) in assets or those that represent 20 percent of gross domestic product of their national economies will be placed under the...
  • Taxman to Middle Class: 'Bend Over'

    12/13/2012 4:56:27 AM PST · by Kaslin · 22 replies ^ | December 13, 2012 | Larry Elder
    President Barack Obama in 2008, and again during the 2012 election, promised absolutely, positively no tax hikes on the middle class. The rich, however, must pay more: "It's not me being stubborn, it's not me being partisan -- it's just a matter of math." How does Obama intend to pay for our cradle-to-grave welfare state? Why, by charging the dastardly "millionaires and billionaires" who "can afford to pay a little bit more." No more extending the Bush-era tax rates for the rich. To do so, Obama tells us, would "cost" $700 billion -- over 10 years. So this "break" for...
  • Will 401(k) plans keep getting worse?

    12/13/2012 4:50:04 AM PST · by lwd · 24 replies
    CNN ^ | December 12, 2012 | Teresa Ghilarducci
    CNN) -- IBM, one of America's largest companies, shook the employee compensation world when it announced recently that it would contribute only once every December to its employees' 401(k) accounts. Any employee who leaves before December would not be able to collect the company's match. Workers at IBM aren't marching to the picket line like Walmart workers and longshoreman who protest pay and working conditions, but you just never know. Only about 9% of the nation's employers make matches once a year. IBM's move is paving the way for big companies to go down this road.
  • QE4 Is Here: Bernanke Delivers $85B-A-Month Until Unemployment Falls Below 6.5%

    12/13/2012 4:39:54 AM PST · by lowbridge · 25 replies
    forbes ^ | december 12, 2012 | Agustino Fontevecchia
    Ben Bernanke continues to make history at the Federal Reserve. On Wednesday, the FOMC announced more quantitative easing at a rate of $85 billion a month for an extended period of time. The Bernanke Fed has also modified its guidance, noting its ultra-accommodative stance will remain in place until the unemployment rate falls below 6.5% and inflation projections remain no more than half a percentage point above 2% two years out. QE4 is here. Only a few months after announcing what had been dubbed QE3, an open-ended $40 billion a month program to buy up mortgage backed securities (MBS), the...
  • Let the Real Fat Cats Pay Their Fair Share

    12/13/2012 4:35:59 AM PST · by Kaslin · 19 replies ^ | December 13, 2012 | Victor Davis Hanson
    Who exactly were the rich who, as the president said, were not "paying their fair share"? The rapper Jay-Z (net worth: nearly $500 million)? The actor Johnny Depp (2011 income: $50 million)? Neither seems to have heard the president's earlier warning that, "at a certain point you've made enough money." Could both zillionaires simply have quit making money at $10 million -- and thereby given their poorer audiences a break on ticket prices? With all the talk of raising taxes on the supposedly conservative wannabes who make $250,000 per year, why not additionally levy a $3 surcharge on discretionary tickets...
  • Toothy prehistoric lizard named Obamadon after smiling president

    12/13/2012 4:21:38 AM PST · by shove_it · 34 replies
    Yahoo/Reuters ^ | 11 Dec 2012 | Jason McLure
    (Reuters) - Researchers have named a newly discovered, prehistoric lizard "Obamadon gracilis" in honor of the 44th president's toothy grin. The small, insect-eating lizard was first discovered in eastern Montana in 1974, but a recent re-examination showed the fossil had been wrongly classified as a Leptochamops denticulatus and was in fact a new species, researchers told Reuters on Tuesday. Obamadon gracilis was one of nine newly discovered species reported on Monday in the Proceedings of the National Academy of Sciences. In naming the new species, scientists from Yale and Harvard universities combined the Latin "Obamadon" for "Obama's teeth" and "gracilis,"...
  • Marriage Best Left to Churches

    12/13/2012 4:13:10 AM PST · by Kaslin · 16 replies ^ | December 13, 2012 | Jackie Gingrich Cushman
    The current conundrum regarding the legalization of same-sex marriage is what happens when church and state are mixed -- the topics become confusing and confused. When I married my husband almost 15 years ago, I did so out of love and out of a desire to witness before God my commitment to him and his to me. The legal and tax ramifications did not enter into my head. But for couples of the same sex, the legal and tax ramifications can be very important because their legal rights differ from those of heterosexual couples in a number of ways, from...
  • Obama's Tax-the-Scapegoat Strategy Is Doomed to Fail

    12/13/2012 4:12:47 AM PST · by IBD editorial writer · 12 replies
    Investor's Business Daily ^ | 12/12/2012 | John Merline
    In an interview with Fox News host Bill O´Reilly last year, President Obama claimed he "didn´t raise taxes once." O´Reilly didn´t challenge the claim, and other reporters repeated it as fact. But it was completely false. By the time he went on O´Reilly´s show, Obama had signed more than 20 tax hikes into law with a combined 10-year price tag of more than $500 billion. However, since most of these taxes targeted relatively small and unpopular groups — smokers, tanning salons, insurance companies, the rich — few seemed to notice. Indeed, a review of the tax hikes Obama has enacted...
  • Tax Rich Liberals

    12/13/2012 4:08:23 AM PST · by Kaslin · 19 replies ^ | December 12, 2012 | Ann Coulter
    Republicans have been forced into a Hobson's choice of either letting the Bush tax cuts expire for everyone or agreeing to a tax hike on the top 2 percent of income earners (not to be confused with "the rich," who have already made, inherited or married their money). If Republicans object to the Democrats' hitting job creators with a tax hike, three things will happen: Taxes will go up for everyone; Republicans will be seen as the "party of the rich"; and the inevitable economic collapse will be blamed on Republicans. If Democrats were merely trying to raise taxes on...
  • As Clinton Prepares to Testify, Rep Wolf Accuses Tunisia of Hampering FBI Probe Into Benghazi Attack

    12/13/2012 4:08:22 AM PST · by Olog-hai · 14 replies
    Cybercast News Service ^ | December 13, 2012 | Patrick Goodenough
    As Secretary of State Hillary Clinton prepares to testify on Capitol Hill next week about last September’s attack on the U.S. consulate in Benghazi, a Republican lawmaker is urging her to cut aid to Tunisia over its refusal to allow the FBI to talk to the only known detained suspect in the attack. Speaking on the U.S. House floor Wednesday, Rep. Frank Wolf (R-Va.) accused Tunisian authorities of hampering the FBI’s investigation into the attack in Libya’s second city, during which U.S. ambassador Chris Stevens and three other Americans were killed. …
  • Cal Logo 2.0: Let There be UC Lite

    12/13/2012 3:53:30 AM PST · by servo1969 · 8 replies ^ | 12-13-2012 | Debra J. Saunders
    When you think about it, it's amazing that the high-minded swells at the University of California didn't unveil a new logo sooner. The old logo, which will continue to appear on diplomas and official letters, features the school motto, "Let there be light." Ancient. An English translation of a Latin phrase. And a book. Dead-tree lit. 1868? Dead white guys. Under a star. Too militaristic. But it wasn't political correctness that relegated the old UC seal to the dusty top shelf reserved for weighty documents only. The new logo, explained UC spokesman Steve Montiel, is "an operational thing." The seal...
  • Syrian rebels set to execute Ukrainian journalist

    12/13/2012 3:45:26 AM PST · by BlackVeil · 16 replies
    Russia Today ^ | 13 Dec 2012 | anon
    NGOs are urging Syrian rebels to release a Ukrainian journalist, Anhar Kochneva, who is set to be executed Thursday. Meanwhile the group behind the kidnapping warned it would now target all Russians, Ukrainians and Iranians on Syrian soil. The Committee to Protect Journalists (CPJ), ARTICLE 19, the International Press Institute and Reporters Without Borders issued a joint statement expressing deep concern about Kochneva’s life and urging the leadership of the Free Syrian Army and of the Syrian Opposition Coalition to ensure that the journalist is safe and set free. The groups also called on the French, British and US governments,...
  • EU criticizes Israeli plans

    12/13/2012 3:41:32 AM PST · by Olog-hai · 5 replies
    European Voice ^ | 10.12.2012 / 19:51 CET (Dec. 12) | Andrew Gardner
    The European Union’s 27 foreign ministers today criticized Israel’s response to Palestine’s successful bid to upgrade its status at the United States, saying that they were “deeply dismayed” by Israel’s decision to expand settlements in the occupied territories. Israel has said that it intends to build 3,000 more Jewish settler homes in East Jerusalem and the West Bank. Ministers said that plans to develop the “E1 area”—which would effectively separate East Jerusalem from the West Bank of Palestine—is a particular concern. “The E1 plan, if implemented, would seriously undermine the prospects of a negotiated resolution of the conflict by jeopardizing...
  • Police: NM men plotted to kill Justin Bieber

    12/13/2012 3:19:36 AM PST · by Berlin_Freeper · 56 replies
    KRQE ^ | Dec 12, 2012 | Alex Tomlin
    Investigators say two would-be hit men from Albuquerque may have had their sights set on the teen mega star; Justin Bieber. They had it planned down to the ties they were going to use to strangle to the pop star and three other people. A warning, the details are pretty graphic.
  • Christie: Weight concerns “ridiculous”

    12/13/2012 3:10:58 AM PST · by Olog-hai · 37 replies
    The Hill ^ | 12/12/12 04:49 PM ET | Justin Sink
    New Jersey Gov. Chris Christie (R) said concerns that his weight would prevent him from serving as president were “ridiculous” in an interview set to air Wednesday. In an interview for Barbara Walters’s “10 Most Fascinating People” series, the broadcast veteran asked the New Jersey governor how he would respond to “people who say that you couldn’t be president because you're so heavy.” “That’s ridiculous, I mean, that’s ridiculous,” Christie responded. “I mean, I don’t know what the basis for that is.” …
  • Quinn & Rose - America’s Morning Show - December 13, 2012

    12/13/2012 2:50:26 AM PST · by sneakers · 20 replies
    Listen to the Quinn & Rose Morning Show from 6:00 to 9:00 Eastern on: (104.7 Pittsburgh, Pa) (Rochester, NY) (Frostburg, MD) (Salisbury/Ocean City, MD WOBX - Outer banks NC http (Ashland, OH) :// for archived shows And now on 166 XM
  • Black mobs take over Washington Metro

    12/13/2012 2:27:40 AM PST · by Anila · 181 replies
    WND ^ | 12/13/12 | Colin Flaherty
    No one knows what the two white women were doing on that Metro in that part of Washington, D.C. Ads by Google Clothes and DressesUp to 90% Discount at CashCashPinoy. Join Now! Trade Forex with FxProStart trading Forex online now. Open an account for free! They “did not want any trouble,” they said on the video. To the black mob that confronted them, threatened them, beat them and robbed them, it was no trouble at all. So they grabbed their iPhones, but not before the girls fought back to retrieve them. Unsuccessfully. All the while one of the...