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News/Current Events (News/Activism)

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  • Shortsighted CA schools take virtual 'pay day loans' to keep operating

    12/11/2012 9:32:57 AM PST · by SeekAndFind · 7 replies
    American Thinker ^ | 12/11/2012 | Rick Moran
    Tyler Durden has this nailed: These three letters - C.A.B. - might just be the Dis-Humor story of the day. NPR reports that more than 200 schools across California are coming to the shocking realization that the upfront cash they needed so badly came at quite a price. These 'Capital Appreciation Bonds' are unlike normal bonds (requiring regular coupon payments and principal repayment); instead they provide the 'lent' money upfront and defer all interest and repayment to some magical faery land time in the future (by which time the interest accrued has grown exponentially as the interest accrues on the...
  • Dems join in calling for delay to ObamaCare medical device tax

    12/11/2012 9:17:05 AM PST · by RoosterRedux · 33 replies
    FoxNews.com ^ | 12/11/2012
    Democratic lawmakers have joined with Republicans in raising alarm about a looming ObamaCare-tied tax on medical devices, saying the additional tax is causing "uncertainty and confusion for businesses" and should be delayed. The previously obscure tax has, over the last several months, emerged as one of the most controversial in the health care overhaul and one of the few with bipartisan opposition. Starting Jan. 1, the Affordable Care Act imposes a 2.3 percent tax on medical devices with the goal of raising nearly $30 billion over the next decade. But a group of U.S. senators this week revived concerns that...
  • A Victory for Demagoguery (America seems to be falling for Obama's class warfare campaign)

    12/11/2012 8:47:53 AM PST · by SeekAndFind · 21 replies
    National Review ^ | 12/11/2012 | Mona Charen
    I’m in the camp that believes Republicans have no choice but to agree to raise taxes on the top 2 percent of earners. The party has been successfully caricatured as the servant of the rich. This is unjust, yes, but justice is imperfect in this life. It’s political suicide for Republicans to stand fast on maintaining current rates for high earners even at the cost of raising taxes for everyone else. Imagine if we went over the fiscal cliff. In January, Obama would call upon Congress to pass a law restoring the tax rates for 98 percent of filers. What...
  • Cost of building and operating upstream oil and gas facilities reaches record high

    12/11/2012 8:46:50 AM PST · by thackney · 3 replies
    Oil & Gas Financial Journal ^ | December 4, 2012 | Oil & Gas Financial Journal
    The costs of building and operating upstream oil and gas facilities continued to rise over the last six-month period and have reached record highs, according to two cost indexes developed by IHS [NYSE: IHS]. The IHS Upstream Capital Cost Index (UCCI) rose 1% over the Q1 2012-Q3 2012 period to an index score of 230, matching its Q3 2008 high. Its counterpart, the IHS Upstream Operating Cost Index (UOCI), rose to 0.5% to a new high score of 190 over the same period. The indexes are proprietary measures of cost changes similar in concept to the Consumer Price Index (CPI)...
  • An Embarrassing Metric Disappears: Why are gov't stats taxpayer migration being discontinued?

    12/11/2012 8:45:57 AM PST · by SeekAndFind · 8 replies
    National Review ^ | 12/11/2012 | Jim Pettit
    As the din of America’s falling headfirst over the fiscal cliff reverberates across the nation, the Obama administration is quietly killing a key economic metric that tells how, and how many, people are voting with their feet. Since 1991 the Internal Revenue Service has been compiling statistics on filers’ addresses, which the agency’s Statistics of Income division uses to show who is moving into and out of every county and state in the nation. As you’d expect, the IRS also knows the aggregate income levels of those who move. So the movements of the most fundamental productive components of the...
  • Jamie Foxx Jokes About Killing 'All The White People' In His New Movie

    12/11/2012 8:40:16 AM PST · by SeekAndFind · 38 replies
    NewsBusters ^ | 12/11/2012 | Noel Sheppard
    Two weeks ago, Oscar-winning actor Jamie Foxx made national headlines when he called President Obama "Our lord and savior." While hosting NBC's Saturday Night Live this weekend, Foxx joked about how in his new film "Django Unchained," "I kill all the white people in the movie. How great is that?" (video follows with transcript and commentary):CLICK ABOVE LINK FOR THE VIDEO JAMIE FOXX: My name is Jamie Foxx. Give it up, give it up, New York City, Saturday Night Live. Come on, make some noise, man. New York City, New York City, Brooklyn, Staten Island, Queens, it’s crazy. I'm...
  • Teachers ditch school kids to protest vote on right-to-work

    12/11/2012 8:40:15 AM PST · by tobyhill · 12 replies
    fox news ^ | 12/11/2012 | fox news
    Two Michigan school districts reportedly closed shop Tuesday after teachers called out, likely so they could participate in union protests tied to the expected passage of "right-to-work" legislation this week in the state capital. Demonstrators have already started to march down the streets, as lawmakers return to put the final touches on legislation that would bar unions from demanding dues from workers. The move would make Michigan the 24th "right-to-work" state and strike a blow to organized labor in the heart of the U.S. auto industry. Local unions spent the weekend preparing for massive protests on Tuesday, in a last-ditch...
  • (VIDEO) How to Opt Out of a Teachers' Union Membership

    12/11/2012 8:31:34 AM PST · by doug from upland · 7 replies
    mrctv.org ^ | dec 2012
    SEND THIS TO YOUR TEACHER FRIENDS
  • Exports drop in October by biggest margin in almost four years

    12/11/2012 8:31:09 AM PST · by chessplayer · 7 replies
    “The private sector is doing fine,” Barack Obama assured us in June, but we haven’t seen much evidence for that argument. Today’s report from Commerce on the trade deficit certainly doesn’t provide any reassurance for that claim. In fact, exports dropped in October by the biggest margin since Obama took office, and the trade gap with China widened to a new record:
  • Northern Virginia Lawmakers Say Gun Control Remains a Tough Fight

    12/11/2012 8:24:12 AM PST · by marktwain · 11 replies
    delray.patch.com ^ | 10 December, 2012 | Drew Hansen
    Trying to get more stringent gun control legislation through the Virginia General Assembly is something of a losing battle, according to at least two state lawmakers representing Northern Virginia. Sen. Dick Saslaw (D-35th) lamented that he’s tried multiple times to tighten up Virginia’s gun rights, but to little avail. He told audience members of a state legislative forum held at Alexandria’s City Hall that three years ago he introduced a bill after a man shot and killed two police officers before shooting and killing himself. Saslaw said in response, he introduced a bill making it illegal in Virginia to bring...
  • Rush Limbaugh Show,M-F,12NOONPM-3PM,EST,WABC AM,December 11,2012

    12/11/2012 8:13:48 AM PST · by Biggirl · 50 replies
    The EIB Network ^ | December 11,2012 | Rush Limbaugh
    Call The Rush Limbaugh Show program line between 12 Noon and 3PM Eastern Time at: 1-800-282-2882 E-mail Rush: ElRushbo@eibnet.com Fax Rush at: 212-445-3963 Write a letter to Rush and mail it to: The Rush Limbaugh Show 1270 Avenue of the Americas New York, NY 10020 Join This Ping List Now! Click Here To Join this Ping List! Image by Cool Text: Free Logos and Buttons - Create An Image Just Like This
  • Police Shot And Kill Burglar(IN)

    12/11/2012 7:51:46 AM PST · by marktwain · 23 replies
    wbiw.com ^ | 11 December, 2012 | NA
    (INDIANAPOLIS) - Police shot and killed a burglar found hiding in a family’s basement on Indianapolis’ northeast side Monday night. Officers were called to a home in the 3800 block of North Arlington Avenue just after 7 p.m. Family members said they came home to find someone had broken into their home, so they called police and waited for officers to arrive. When police searched the home, they said they found the burglar hiding in the basement. Officers struggled with the suspect, and shots were fired, hitting the man. He was pronounced dead at the scene. His name was not...
  • Venezuela Without Chavez: Chaos The Most Likely Successor

    12/11/2012 7:47:20 AM PST · by IBD editorial writer · 6 replies
    Investor's Business Daily ^ | 10 Dec 2012 | Editorial
    Americas: Dictator Hugo Chavez's near-certain exit in Venezuela looks like a second wind for the country's democrats. But not so fast: The petrotyranny is no longer a republic, it's a cult of personality. Latin Spring is more like it. The shocking news over the weekend from Chavez, that he was heading back to Cuba for a third operation less than a week after treatment there, pretty well signals that the still-undisclosed type of cancer that afflicts him is terminal. A somber Chavez announced Saturday for the first time that he was turning over the reins of power to former bus...
  • Venezuela Without Chavez: Chaos The Most Likely Successor

    12/11/2012 7:47:31 AM PST · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 10 Dec 2012 | Editorial
    Americas: Dictator Hugo Chavez's near-certain exit in Venezuela looks like a second wind for the country's democrats. But not so fast: The petrotyranny is no longer a republic, it's a cult of personality. Latin Spring is more like it. The shocking news over the weekend from Chavez, that he was heading back to Cuba for a third operation less than a week after treatment there, pretty well signals that the still-undisclosed type of cancer that afflicts him is terminal. A somber Chavez announced Saturday for the first time that he was turning over the reins of power to former bus...
  • (How's This For Strange?) Mysterious Mass Whale Graveyard Unearthed in the Chilean Desert

    12/11/2012 7:22:44 AM PST · by lbryce · 195 replies
    Mother Nature Network ^ | November 22, 2012 | Bryan Nelson
    While working on a highway-widening project in the middle of South America's Atacama Desert, Chilean workers unearthed an eerie scene that had no business being more than a kilometer away from the ocean: a mass fossil graveyard containing more than 75 ancient whales, reports MSNBC. Finding whale bones in the middle of the desert is strange enough, but scientists were quick to notice a deeper mystery. The fossils ended up right next to one another — some mere meters apart — as if to suggest that the whales all died at once, possibly during some cataclysmic tragedy. What could have...
  • You Think the GOP Has Problems?

    12/11/2012 7:19:04 AM PST · by NCjim · 35 replies
    American Thinker ^ | December 11, 2012 | Christopher Chantrill
    While everyone gathers around the water cooler Monday-morning quarterbacking Speaker Boehner on the execution of his game plan for the Cliff Bowl before it is even played, let us spare a thought for the hapless Democrats. After all, who would want to be a Democrat as we go into 2013? Don't be fooled by that tough-guy act. Yes, yes, we know that the Democrats own the future with the educated, the young, the black, and the Hispanic. And Republicans have just got to learn to speak Hispanic. Even Marco Rubio and Paul Ryan seem to agree. But my suspicion is...
  • U.S. Economic Confidence Continues Post-Election Fade

    12/11/2012 6:58:30 AM PST · by SoFloFreeper · 6 replies
    Gallup ^ | 12/11/12 | Gallup staff
    Gallup's U.S. Economic Confidence Index is at -16 for the week ending Dec. 9, down from -12 the previous week. Confidence is now the lowest it has been since the presidential election... The decline in confidence comes even though the U.S. Bureau of Labor Statistics released a better-than-expected jobs report on Friday, showing a 0.2-percentage-point improvement in the seasonally adjusted employment rate. Still, confidence was -16 from Friday, Dec. 7, through Sunday, Dec. 9 -- similar to the weekly average. The trend in Gallup's Economic Confidence index, based on more than 3,000 interviews conducted each week, is not as negative...
  • How Liberals Think: Mika Says 'It's Kind Of Simple'—Just Pay Workers More

    12/11/2012 6:54:56 AM PST · by governsleastgovernsbest · 82 replies
    NewsBusters ^ | Mark Finkelstein
    I post this item not to mock Mika Brzezinski. But her comments this morning were so illustrative of the liberal mindset--in ignoring fundamental principles of economics--that they are worth highlighting here. An entire Morning Joe segment had been devoted to discussing the wage dilemma in America. In the context of analyzing the right-to-work law soon to be signed in Michigan, the panel—apparently excepting Mika—agreed that we face hard choices here. We can artificially preserve high wages for a relative few, or let wages seek their natural level, providing more jobs at lower pay. As Joe Scarborough put it, we have...
  • Local housing specialists join national debate over changes in tax deduction for mortgage holders

    12/11/2012 6:52:48 AM PST · by Hemingway's Ghost · 31 replies
    The Boston Globe ^ | 11 December 2012 | Jenifer B. McKim
    The generous mortgage-interest tax deduction that homeowners have long enjoyed could be diminished or eliminated as part of efforts to reduce the federal deficit, disproportionately hurting Massachusetts and other regions where real estate is especially costly. Proposals to change the deduction include limiting it to the 28 percent tax bracket and lower; converting the deduction to a less generous tax credit; reducing the maximum allowed mortgage balance from $1.1 million to $500,000; and eliminating the benefit for second homes and equity loans, according to the Brookings Institution, a Washington, D.C., nonpartisan think tank.
  • Haslam Announces State Will Not Run Health-Care Exchange

    12/11/2012 6:44:13 AM PST · by TennesseeGirl · 18 replies
    State of Tennessee newsroom ^ | 12/10/2012 | Unknown
    NASHVILLE – Tennessee Gov. Bill Haslam announced Monday the state will not operate a state-based healthcare exchange under the federal Affordable Care Act. Haslam made the following statement on the issue: “Tennessee faces a decision this week about health insurance exchanges created by the Affordable Care Act. “I'm not a fan of the law. The more I know, the more harmful I think it will be for small businesses and costly for state governments and the federal government. It does nothing to address the cost of health care in our country. It only expands a broken system. That’s why I’ve...