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News/Current Events (News/Activism)

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  • A Dormant US Inflation Indicator Just Spiked, And It's Got Me Thinking Of Weimar And Zimbabwe

    02/13/2013 6:55:47 AM PST · by blam · 10 replies
    TBI ^ | 2-13-2013 | Sam Ro
    Art Cashin: A Dormant US Inflation Indicator Just Spiked, And It's Got Me Thinking Of Weimar And Zimbabwe Sam RoFebruary 13, 2013, 3:58 AM Veteran trader Art Cashin has been more concerned about the threat of inflation in the U.S. than most. In a recent interview with Eric King of King World News, he notes that the once dormant threat of inflation could be waking up. From King World News: ...That having been said, the Federal Reserve Bank of St. Louis puts out what is called the ‘Monetary Stock.’ It is the ‘raw material’ of the money supply, and it...

    02/13/2013 6:51:47 AM PST · by TADSLOS · 11 replies ^ | 13 February, 2013 | Joel B. Pollack
    As President Barack Obama delivered the State of the Union address, activists involved in his new non-profit advocacy group, Organizing for Action, gathered in local meetings around the country to watch and cheer him on. The new 501(c)4 organization, which is an offshoot of his re-election campaign, aims to support the president’s policies and to project the power of the White House beyond Washington into local communities and media. I joined a gathering in southern California, which rented out a local pub and tuned in on the big screen. The buildup to the event was almost as interesting as the...
  • Automatic budget cuts to happen: Senator McConnell

    02/13/2013 6:48:12 AM PST · by SkyPilot · 16 replies
    Reuters ^ | 12 Feb 13 | David Lawder
    The Senate's top Republican predicted on Tuesday that automatic spending cuts will take effect on March 1 as scheduled. Senate Minority Leader Mitch McConnell said he did not expect some last-minute deal to materialize that would avert the cuts, known in budget jargon as a "sequester." "Read my lips: I'm not interested in an 11th-hour negotiation," McConnell told reporters. "It's pretty clear to me that the sequester's going to go into effect," McConnell said. "I have seen no evidence that the House plans to act on this matter before the end of the month." The across-the-board cuts were set in...
  • A New Law School Ranking Says The University Of Alabama Is Better Than Yale Or Harvard

    02/13/2013 6:46:11 AM PST · by blam · 6 replies
    TBI ^ | 2-13-2013 | Abby Rogers
    A New Law School Ranking Says The University Of Alabama Is Better Than Yale Or Harvard Abby RogersFebruary 13, 2013National Jurist has come out with a new law school ranking that completely disregards the criteria used by traditional ranking systems. Instead of looking at GPA or LSAT scores, National Jurist said its "goal was to provide an alternative ranking that was focused more on results and service, and that would provide legal education with admirable incentives." TaxProf Blog has a complete breakdown of National Jurist's ranking system, including how the magazine uses as a ranking tool: Post-Graduate Success: 50%...
  • Nigeria: Hardship Hits Nigerian Troops in Mali As Officers Solicit Food From Locals

    02/13/2013 6:45:49 AM PST · by Pan_Yan · 1 replies
    All Africa ^ | 12 February 2013 | Nicholas Ibekwe
    The condition of Nigerian troops in Mali is quickly sliding from bad to worse as inadequate supply of provision is forcing the contingent to solicit food from locals, PREMIUM TIMES can exclusively report. According to a reliable defence source who asked not to be named, the Nigerian contingent solicits food and handouts under the guise of "courtesy calls" to community leaders in Mali. After one of such courtesy calls on Monday, the troops received a handout of a cow and 50 bags of rice from the Prefect of Tuban in Banamba region. "Our officers and men have resorted to begging...
  • Matt Damon: ‘I will not go to the bathroom’ in an effort to draw attention to worldwide water..

    02/13/2013 6:43:15 AM PST · by Sub-Driver · 66 replies
    Matt Damon: ‘I will not go to the bathroom’ in an effort to draw attention to worldwide water crisis ‘The Rainmaker’ actor gets down and dirty by pledging to hold off from using the bathroom until the problem is resolved. By Zayda Rivera / NEW YORK DAILY NEWS Tuesday, February 12, 2013, 5:48 PM Matt Damon is on an extended bathroom break. "The Rainmaker" star declares he will not go No. 1 or 2 until everyone in this world has access to clean water and sanitation. "In protest of this global tragedy, until this issue is resolved, until everybody has...
  • From the Citi to the Caymans (Jack Lew rehabilitates what Obama once called a 'tax scam.')

    02/13/2013 6:42:11 AM PST · by SeekAndFind · 2 replies
    No matter how Jack Lew performs at his Senate confirmation hearing on Wednesday, his nomination to be Treasury Secretary has already produced one big winner: the Cayman Islands. The Caribbean low-tax haven is getting a political rehabilitation thanks to Mr. Lew's participation in a Cayman-based fund he invested in while working at Citigroup C +0.16% from 2006-2008. For years Democrats have denounced the Caymans, which has no corporate income tax, as a refuge for tax cheats. In 2012 President Obama ripped Mitt Romney for investments based there. But now an Obama spokesman suggests that Mr. Lew's Caymans investment, a Citigroup...
  • Texas vs California: Who's messing with whose jobs?

    02/13/2013 6:38:05 AM PST · by SeekAndFind · 19 replies
    Los Angeles Times ^ | 02/13/2013 | Michael Hiltzik
    Gov. Jerry Brown ought to cut his Texas brother, Rick Perry, a little slack. Texas Gov. Perry arrived in the Golden State this week trolling for California businesses he could poach and carry home with him in his saddlebags. His trip here comes on the heels of a Texas radio come-on, which aired statewide, and which Brown memorably dismissed as "barely a fart." But there are reasons why Perry's efforts deserve more serious scrutiny. One is that the campaign exposes an important shortcoming of Texas' job-development program: It focuses on using incentives to steal jobs from other states because it's...
  • Endgame: Susan Collins to vote yes on Hagel?

    02/13/2013 6:14:28 AM PST · by chessplayer · 21 replies
    Major news from Major “Shirty Business” Garrett: Major Garrett ✔ @MajorCBS I am reliably informed Sen. Susan Collins, R-Maine, will soon announce backing Chuck Hage. WH and Hagel backers believe they have 60 votes. Remember, to date, not a single Senate Democrat has said he/she will oppose Hagel. That’s 55 votes in the bank. Thad Cochran is 56 and Collins would be 57. Murkowski’s a safe bet in situations like this to err on the side of bipartisanship, so that’s 58. All O needs is two more to bust the filibuster and he’s got a variety of centrist Republicans who...
  • Obama Seeks 29 New Programs: ‘Nothing I’m Proposing Should Increase Deficit by Single Dime’

    02/13/2013 5:57:56 AM PST · by Sub-Driver · 37 replies
    Obama Seeks 29 New Programs: ‘Nothing I’m Proposing Should Increase Deficit by Single Dime’ February 13, 2013 By Terence P. Jeffrey ( - President Barack Obama said in his State of the Union Address on Tuesday night that nothing he was proposing in the speech would “increase our deficit by a single dime.” He then proposed at least 29 new government programs. “Tonight, I’ll lay out additional proposals that are fully paid for and fully consistent with the budget framework both parties agreed to just 18 months ago,” said Obama. “Let me repeat: Nothing I’m proposing tonight should increase our...
  • Thai Army Urges Curfew after Insurgents Attack Base (16 Muslim rebels dead)

    02/13/2013 5:56:56 AM PST · by Pan_Yan · 7 replies
    VOA News ^ | February 13, 2013 | Daniel Schearf
    BANGKOK — The Thai military is urging people in its troubled south to stay indoors after soldiers repelled a large-scale attack on a base by scores of armed militants. At least 16 of the attackers were killed in one of the biggest death tolls in the nearly 10-year insurgency by Malay Muslims seeking autonomy from Buddhist Thailand. The Thai army says at least 60 heavily-armed insurgents, dressed in military-style fatigues, attacked a base early Wednesday in southern Narathiwat province. The military says it was tipped off to the planned attack, was ready and suffered no casualties in the exchange of...
  • President Obama Gets It: Fracking Is Awesome

    02/13/2013 5:56:43 AM PST · by thackney · 20 replies
    Forbes ^ | 2/12/2013 | Christopher Helman
    In his State of the Union address tonight President Obama said: “After years of talking about it, we are finally poised to control our own energy future. We produce more oil at home than we have in 15 years. We have doubled the distance our cars will go on a gallon of gas, and the amount of renewable energy we generate from sources like wind and solar – with tens of thousands of good, American jobs to show for it. We produce more natural gas than ever before – and nearly everyone’s energy bill is lower because of it.” Yes...
  • Retail sales growth pauses as higher taxes kick in

    02/13/2013 5:48:14 AM PST · by John W · 16 replies
    Reuters ^ | February 13, 2013 | Reuters
    Retail sales barely rose in January as tax increases and higher gasoline prices restrained spending, suggesting a slowdown in the pace of consumer spending early in the first quarter. The Commerce Department said on Wednesday retail sales edged up 0.1 percent after an unrevised 0.5 percent rise in December. The modest gain, which was in line with economist's expectations, suggested that households were responding to the expiration of a two percent payroll tax cut on January 1. Taxes also went up for wealthy Americans.
  • Double-Voting for Obama

    02/13/2013 5:47:05 AM PST · by SJackson · 21 replies
    FrontPage Magazine ^ | February 13, 2013 | Matthew Vadum
    After publicly boasting that she voted twice for President Obama in November, a left-wing Ohio activist associated with a George Soros-funded group claims she did nothing wrong by double-voting. “There’s absolutely no intent on my part to commit voter fraud,” said Melowese Richardson, a longtime Cincinnati poll worker and Democratic activist whose unlawfully cast ballot canceled out a lawful ballot and thereby deprived another citizen of his or her right to vote. Voter fraud, also known as vote fraud, election fraud, and electoral fraud, refers to the specific offenses of fraudulent voting, impersonation, perjury, voter registration fraud, forgery, counterfeiting, bribery,...
  • Ex-Seal Announces GOP run for MA Senate Seat

    02/13/2013 5:44:40 AM PST · by SueRae · 23 replies
    Breitbart ^ | 2/12/2013 | Mike Flynn
    Former Navy Seal Gabriel Gomez has announced his intention to run in the special election to fill the vacancy left by John Kerry. A private-equity investor, Gomez now has until the end of the month to collect the 10,000 signatures necessary to get on the ballot. If successful, we would face state Rep. Dan Winslow, a former Romney staffer, in the primary April 30th. “As I look at Washington," Gomez said in a public statement, "I see a lot of unproductive noise and bickering, and I see two parties attacking each other at all times over every issue. I see...
  • Lars Hedegaard, Defender of Freedom ... Mark Steyn

    02/13/2013 5:36:05 AM PST · by Rummyfan · 8 replies
    Steyn Online ^ | 10 Feb 2013 | Mark Steyn
    A few days ago, a man tried to assassinate Lars Hedegaard in Copenhagen - an event Mark wrote about here and here, but about which the broader western media has been shamefully silent. Last summer, Mark had the honour of presenting Lars with a Defender of Freedom award at the European Parliament. Here is some of what Mark had to say: Thank you. I don't spend a lot of time in the European Parliament or in Brussels, and one of the few things that could persuade me to set foot here is the opportunity to say a word for the...
  • Scarborough SOTU Response Rips Obama's Failed Economic Record

    02/13/2013 5:33:26 AM PST · by governsleastgovernsbest · 4 replies
    NewsBusters ^ | Mark Finkelstein
    In just 58 seconds, Joe Scarborough has rendered an imagined response to last night's SOTU demolishing President Obama's failed economic record. Delivered on today's Morning Joe, Scarborough scalded PBO's pitiful performance on the economy. Highlights from the Hall of Shame: four million more Americans out of work today than when Barack Obama became President; average income down 5% since the end of the recession. View the video here.
  • Hagel will need 60 votes to get confirmed as defense secretary

    02/13/2013 5:29:10 AM PST · by Servant of the Cross · 9 replies
    Foreign Policy ^ | 2/13/2013 | Josh Rogin
    The Senate Armed Services Committee was set to approve the nomination of Chuck Hagel for secretary of defense Tuesday, but several Republican senators told The Cable they will insist he receive 60 votes on the Senate floor before he is confirmed. The committee debated the Hagel nomination in anticipation of a Tuesday afternoon vote that is expected to fall along party lines, with all committee Republicans voting against the nomination. After the committee acts, Senate Majority Leader Harry Reid (D-NV) is expected to call for a final floor vote on Thursday, just before the Senate goes on vacation. Several GOP...
  • Obama Peddles a Dangerous Fantasy About the Debt Crisis

    02/13/2013 5:24:32 AM PST · by IBD editorial writer · 5 replies
    Investor's Business Daily ^ | 02/12/2013 | IBD Staff
    Fiscal Policy: President Obama now says the deficit problem is all but fixed, so we can stop all this unpleasant talk about spending cuts and get on with government spending. Maybe this is good politics, but it's reckless policy. In the run-up to his State of the Union speech, Obama was running around telling everyone how we've already "cut our deficit by more than $2.5 trillion," and are now "more than halfway towards the $4 trillion in deficit reduction that economists . .. say we need to stabilize our debt." Clearly Obama wants all the dreary talk of deficits off...
  • Buckley Rule — According to Bill, not Karl

    02/13/2013 5:16:13 AM PST · by Servant of the Cross · 14 replies
    National Review ^ | 2/13/2013 | Neal Freeman
    The Buckley Rule has been much invoked in recent weeks, in this space and elsewhere, and on almost every occasion it has been both misquoted and misapplied. As one who was present at the formulation, I feel obliged to record the “originalist” intention. It was the winter of 1964 and the unresolved question at NR editorial meetings, week to week, was this: Whom should the magazine support for the Republican presidential nomination? To outsiders, the question would have seemed all but settled. Issue by issue, NR gave every appearance of being all in for Barry Goldwater. Heck, there were those...