Keyword: otherpeoplesmoney

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  • A billionaire-owned restaurant charged a ‘minimum wage’ fee. Outrage ensued

    08/22/2017 5:12:08 PM PDT · by Pontiac · 44 replies
    Washington Post ^ | August 17, 2017 | Maura Judkis
    A customer dining at D.C.’s Oceanaire restaurant noticed an unusual line at the bottom of his receipt: “Due to the rising costs of doing business in this location, including costs associated with higher minimum wage rates, a 3% surcharge has been added to your total bill.” Brian, who asked The Washington Post to use only his first name to avoid conflicts with his employer, was surprised to see the additional charge. He snapped a picture and sent it to local blog Popville, which posted a picture of his receipt. The outraged comments started rolling in. “Just raise prices if you...
  • What to do with a broken Illinois: Dissolve the Land of Lincoln

    06/22/2017 7:40:38 AM PDT · by DCBryan1 · 63 replies
    Chicago Tribune ^ | 20 JUN 17 | By John Kass•Contact Reporter
    llinois is like Venezuela now, a fiscally broken state that has lost its will to live, although for the moment, we still have enough toilet paper. But before we run out of the essentials, let's finally admit that after decade upon decade of taxing and spending and borrowing, Illinois has finally run out of other people's money. Those "other people" include taxpayers who've abandoned the state. And now Illinois faces doomsday. So as the politicians meet in Springfield this week for another round of posturing and gesturing and blaming, we need a plan. And here it is:
  • The price tag on universal health care is in, and it’s bigger than California’s budget

    05/23/2017 9:06:28 AM PDT · by Oldeconomybuyer · 22 replies
    Sacramento Bee ^ | May 22, 2017 | BY ANGELA HART
    The price tag is in: It would cost $400 billion to remake California’s health insurance marketplace and create a publicly funded universal heath care system, according to a state financial analysis released Monday. California would have to find an additional $200 billion per year, including in new tax revenues, to create a so-called “single-payer” system. The estimate assumes the state would retain the existing $200 billion in local, state and federal funding it currently receives to offset the total $400 billion price tag. Employers currently spend between $100 billion to $150 billion per year, which could be available to help...
  • [false] Reports question Trump's giving to veterans groups

    01/31/2016 5:24:05 PM PST · by CutePuppy · 123 replies
    Fox News ^ | 2016 January 29 | Adam Shaw
    Donald Trump announced Friday he raised $6 million for veterans at his fundraiser in Iowa the night before. Iowa was amazing last night. The event could not have worked out better. We raised $6,000,000 for our great vets. — Donald J. Trump (@realDonaldTrump) > But this would appear a significant increase from what he's given to the cause before, according to some reports which questioned whether the billionaire businessman has been a consistent donor to vet groups. Showbiz 411 reports that the Donald J. Trump Foundation gave a total of $2.6 million in charitable donations in the last three years,...
  • With GE's Departure Looming, Fairfield Frets

    01/18/2016 4:12:15 AM PST · by Jim Noble · 75 replies
    Boston Globe ^ | January 18, 2016 | Matt Rochleau
    FAIRFIELD, Conn. - General Electric will leave its mark on this town beyond more than four decades of supplying hundreds of steady, high-paying jobs, and millions of dollars in property tax revenue. But it also leaves residents with many tough questions. The giant industrial conglomerate has made significant donations to local nonprofits, while its employees shop at local businesses and volunteer their time coaching youth sports teams and working at local charities. Workers, raising families near the company's 68-acre campus in the town's Stratfield neighborhood, are active members of civic and community organizations. The company "has always been a part...
  • Boondoggle Train

    11/05/2015 10:55:03 PM PST · by Brad from Tennessee · 8 replies
    City Journal ^ | November 4, 2015 | By Chris Reed
    In November 2008, California voters narrowly approved Proposition 1A, which provided $9.95 billion in government money for a statewide bullet-train network. The initiative passed, even though the California High-Speed Rail Authority had been legally required to release a detailed, updated business plan by October 1 of that year, so that voters would have time to learn exactly how the state planned to finance what was then billed as a $43 billion project—and no updated plan was in view. Rail officials failed even to release a preliminary report before the election, claiming that state legislators’ long delay in passing the fiscal...
  • Dean Jones, star of 'Love Bug' and other Disney films, dies at 84

    09/03/2015 1:52:51 PM PDT · by Morgana · 10 replies
    cnn.com ^ | September 2, 2015 | By Todd Leopold, CNN
    (CNN)Dean Jones, the go-to Disney actor whose films included "The Love Bug," "The Million Dollar Duck," "That Darn Cat!" and "The Shaggy D.A.," died Tuesday, according to his publicist. Jones was 84. The cause of death was Parkinson's disease, according to publicist Richard Hoffman. Jones made his film debut in 1956's "Somebody Up There Likes Me," which starred Paul Newman as boxer Rocky Graziano. The next year he appeared in the Elvis Presley movie "Jailhouse Rock." He also starred on Broadway in such works as "There Was a Little Girl," with Jane Fonda, and the hit "Under the Yum-Yum Tree,"...
  • Away from Caracas, shortages even worse in Venezuela

    08/18/2015 8:07:48 AM PDT · by Kartographer · 40 replies
    AFP via Yahoo News ^ | 8/17/15 | Away from Caracas, shortages even worse in Venezuela
    All the lady wanted was some chicken. But in shortage-plagued Venezuela, she waited in line five hours, only to go home empty-handed. "I got here at 5:30 am and came away with nothing! It is just not fair that you have to work so hard -- and then put up with these lines," said an exasperated Lileana Diaz, a 49-year-old receptionist at a hospital emergency room. Venezuelans have been enduring shortages of the most basic goods, such as toilet paper, for more than a year.
  • CEOs Could Be Getting Ready To Revolt Against Obamacare

    11/29/2014 10:30:59 AM PST · by SeekAndFind · 46 replies
    Business Insider ^ | 11/29/2014 | SHARON BEGLEY, REUTERS
    NEW YORK (Reuters) - Leading U.S. CEOs, angered by the Obama administration's challenge to certain "workplace wellness" programs, are threatening to side with anti-Obamacare forces unless the government backs off, according to people familiar with the matter. Major U.S. corporations have broadly supported President Barack Obama's healthcare reform despite concerns over several of its elements, largely because it included provisions encouraging the wellness programs. The programs aim to control healthcare costs by reducing smoking, obesity, hypertension and other risk factors that can lead to expensive illnesses. A bipartisan provision in the 2010 healthcare reform law allows employers to reward workers...
  • Bill Gates Tops Forbes’ Richest Americans List For 21st Straight Year

    09/29/2014 8:14:43 PM PDT · by SeekAndFind · 14 replies
    Headlines and Global News ^ | 09/29/2014 | Emily Morgan
    An American worth less than $1.55 billion could not land on this year's "The Forbes 400," the annual ranking for the richest people in America. The cut-off increase from last year's $1.3 billion disqualified 113 poor billionaires for this year's list. Bill Gates once again lorded over his fellow wealthy Americans for the 21st consecutive year with a healthy $81 billion, up $9 billion from 2013. He outpaced Warren Buffet ($67 billion), Larry Ellison ($50 billion) and the Koch brothers' Charles and David (each worth $42 billion) to round out the top five. Michael Bloomberg ($35 billion) managed to slide...
  • AP survey: China’s lending bubble a global threat

    04/28/2014 6:54:45 PM PDT · by Olog-hai · 18 replies
    Associated Press ^ | Apr 28, 2014 5:40 PM EDT | Christopher S. Rugaber
    Just as the global economy has all but recovered from debt-fueled crises in the United States and Europe, economists have a new worry: China. They see a lending bubble there that threatens global growth unless Beijing defuses it. That’s the view that emerges from an Associated Press survey this month of 30 economists. Still, the economists remain optimistic that Beijing’s high-stakes drive to reform its economy—the world’s second-largest—will bolster Chinese banks, ease the lending bubble and benefit U.S. exporters in the long run. […] The source of concern is a surge in lending by Chinese banks. The lending was initially...
  • China Property Collapse Has Begun

    04/15/2014 8:03:31 PM PDT · by Oldeconomybuyer · 38 replies
    Forbes ^ | April 13, 2014 | by Gordon B. Chang
    Nothing is going right for Hangzhou at this moment. Walmart will be closing its Zhaohui store in that city on April 23 as a part of its overall plan to dump marginal locations—about 9% of the total—in China. Thanks to the world’s largest retailer, another large block of space in Hangzhou, the capital of Zhejiang province, will go on the market at a time when there is generally too much supply. The problem is especially pronounced in the city’s premium office market. Hangzhou’s Grade A office buildings at the end of 2013 had, according to Jones Lang LaSalle, an average...
  • Are Larry Page, Jerry Yang, and Larry Ellison pulling their philanthropic weight?

    03/21/2014 11:40:36 AM PDT · by Oldeconomybuyer · 17 replies
    San Francisco Chronicle ^ | March 21, 2014 | By Joe Garofoli
    We often write about the generosity of philanthropists. But what about rich folks who are giving — but not really pulling their weight? Inside Philanthropy’s calls out some billionaires not because they’re not giving, but because they’re not giving ENOUGH based on how much cash they’ve got stuffed in the mattress. While The Chronicle of Philanthropy annually drops its list of the top 50 donors, Inside Philanthropy took a different approach. Instead of just looking at how much an individual is giving away, IP is using “relative generosity as our main criteria here, looking at what percentage of their wealth...
  • Failure to lunch: Biden cash-strapped during stop (Slow Joe comes up short)

    11/22/2013 9:37:54 AM PST · by Libloather · 27 replies
    NY Post ^ | 11/22/13 | S.A. Miller
    The vice president went to pick up sandwiches Thursday for himself and President Obama but didn’t have enough money to pay the bill. Luckily, the veep doesn’t travel alone — he called on an aide, who reached into his pocket for a 10-spot so that Biden and his boss wouldn’t go hungry.
  • White House threatens veto of House farm bill

    06/17/2013 5:12:22 PM PDT · by Olog-hai · 21 replies
    Associated Press ^ | Jun 17, 2013 7:06 PM EDT | Mary Clare Jalonick
    The White House is threatening to veto the House version of a massive, five-year farm bill, saying food stamp cuts included in the legislation could leave some Americans hungry. The House is preparing to consider the bill this week. The legislation would cut $2 billion annually, or around 3 percent, from food stamps and make it harder for some people to qualify for the program. Food stamps, now called the Supplemental Nutrition Assistance Program, or SNAP, cost almost $80 billion last year, twice the amount it cost five years ago. The Senate passed its version of the farm bill last...
  • 10,962,532: U.S. Disability Beneficiaries Exceed Population of Greece

    05/07/2013 11:53:44 AM PDT · by Olog-hai · 16 replies
    Cybercast News Service ^ | May 7, 2013 | Terence P. Jeffrey
    The total number of people in the United States now receiving federal disability benefits hit a record 10,962,532 million in April, which exceeds the 10,815,197 people who live in the nation of Greece. … April was the 195th straight month that the number of American workers collecting federal disability payments increased. The last time the number of Americans collecting disability decreased was in January 1997. …
  • (Mayor Moocher) Newark Mayor Cory Booker agrees to live off food stamps for a MONTH

    11/20/2012 3:15:11 PM PST · by DogByte6RER · 37 replies
    Daily Mail (U.K.) ^ | 20 November 2012 | Meghan Keneally
    Mayor Cory Booker is known for his social media savvy, having helped direct emergency services in Newark, New Jersey to stranded citizens during snowstorms and field questions during Hurricane Sandy. Now he's taking the talk offline as he bet a Twitter trash-talker that he could live healthfully on food stamps for a month. The Democratic politician got into a dispute with a woman on Twitter who took issue with his dispelling of some free advice via Plutarch. 'An imbalance between rich and poor is the oldest and most fatal ailment of all republics,' Booker wrote on Sunday morning. User @MWadeNC...
  • FHA Nears Need for Taxpayer Funds (More Bailouts!)

    11/15/2012 3:22:32 PM PST · by mojito · 6 replies
    WSJ ^ | 11/15/2012 | Nick Timiraos
    The Federal Housing Administration is expected to report this week it could exhaust its reserves because of rising mortgage delinquencies, according to people familiar with the agency's finances, a development that could result in the agency needing to draw on taxpayer funding for the first time in its 78-year history. Such a report would likely set off a political fight over the government's role in housing, as it raises the prospect of billions of dollars being added to the U.S. government's effort to stabilize the hard-hit sector in the aftermath of the 2008 financial crisis, which already includes $137 billion...
  • Congress proves Obama himself engineered $535 million taxpayer loss in Solyndra debacle

    08/05/2012 10:03:08 AM PDT · by Oldpuppymax · 8 replies
    Coach is Right ^ | 8/5/2012 | Doug Book
    Though grudgingly provided and universally redacted, documents subpoenaed by Congress from the White House and the Office of Management and Budget now reveal that Barack Hussein Obama himself was responsible for manufacturing the loss of $535 million taxpayer dollars in the 2011 Solyndra bankruptcy. In 2010, solar panel manufacturer Solyndra Inc. received $535 million in loan guarantees for “innovative technology” under the terms of Barack Obama’s federal stimulus plan. The fact that a Price Waterhouse audit filed earlier that year with the SEC showed Solyndra had lost $558 million during its first 5 years in business, boasted negative cash flow,...
  • Why Danny DeVito could be Romney’s best rebuttal to ‘King of Bain’ attacks

    01/12/2012 1:55:15 PM PST · by Nachum · 49 replies
    The American ^ | 1/12/12 | Josh Burek
    Remember that big-budget Hollywood movie about the powerful company that creates jobs, drives innovation, and gives millions to charity? Neither do I. From Gordon Gekko in “Wall Street” to Edward Lewis in “Pretty Woman,” Hollywood loves to hate corporate raiders. And now, we’ve learned, so do many of the Republican candidates for president not named Mitt Romney. “Winning our Future,” a super PAC that’s backing Newt Gingrich, just released a documentary called “When Mitt Romney Came to Town” that assails Romney’s record as head of Bain Capital. It’s the kind of withering attack on private equity that makes the Daily...