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Keyword: socialism

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  • Cry for Argentina

    08/27/2014 10:09:22 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 08/27/14 | Douglas V. Gibbs
    Liberal left socialist utopianism has destroyed Argentina's economy, and the country is now joining the ranks of leftist economies gasping for air, and slowly A year ago conservatives in Argentina claimed the South American country was headed in the same direction as Venezuela. Economic freedom was under assault because of the institution of a failed Bolivarian economic monster - Hugo Chavez’s “twenty-first century socialism” was destroying yet another South American victim. As with any nation that embraces socialism and abandons the free market, poverty increases, and things like toilet paper become a luxury. Liberal left progressive big government madness filled...
  • CBO forecasts $506 billion budget deficit for 2014 (1.5% GDP)

    08/27/2014 7:41:15 AM PDT · by Oldeconomybuyer · 10 replies
    Market Watch ^ | August 27, 2014 | By Robert Schroeder
    The Congressional Budget Office on Wednesday raised its estimate of the federal government’s budget deficit for the current fiscal year as it slashed its growth forecast, and warned red ink was due to rise in coming years if Washington doesn’t change current laws. In an update of budget and economic projections for 2014 to 2024, the nonpartisan CBO said the U.S. government’s deficit for fiscal 2014 will be $506 billion, or 2.9% of gross domestic product. The new estimate is $14 billion more than the agency’s prior estimate for the year, issued in April. The agency lowered its projection of...
  • Amid Rationing, Venezuela Takes The Misery Crown

    08/26/2014 4:20:08 PM PDT · by jazusamo · 30 replies
    Investors.com ^ | August 26, 2014 | IBD Editorial
    Socialism: As Venezuelans prepare to be fingerprinted to buy bread, it bears noting that their country's transformation came with the late Hugo Chavez's promise of "a sea of happiness." Some happiness. Fact is, socialism has made Venezuela the most miserable place on earth. But don't take our word for it. That's the result of objective research by Johns Hopkins University economist Steve Hanke. He has created a "Global Misery Index" based on the original inflation-unemployment misery index of the late economist Arthur Okun and the interest rate and GDP per capita additions of Harvard economist Robert Barro. Put them all...
  • French government dissolved amid turmoil

    08/25/2014 3:03:19 AM PDT · by NautiNurse · 70 replies
    CNN ^ | August 25,2014 | Jethro Mullen
    <p>The French government was dissolved Monday amid turmoil among top ministers.</p> <p>President Francois Hollande asked Prime Minister Manuel Valls to form a new government, which will be announced Tuesday...</p> <p>"The crisis in the heart of the government is clear, and it promises to be bloody," reported Le Figaro, a right-leaning national newspaper.</p>
  • Venezuela to introduce new biometric card in bid to target food smuggling

    08/22/2014 4:06:00 PM PDT · by Ben Mugged · 10 replies
    The Guardian ^ | 21 August 2014 | Virginia López
    Fingerprint scanning to be used to fight food shortages made worse by hoarding and smuggling to neighboring countries. Venezuela's president, Nicolás Maduro, plans to introduce a compulsory "biometric card" designed to limit individuals' food purchases using a fingerprint scanner. The move, announced on Wednesday, is part of the government's latest effort to fight the oil-rich nation's chronic food shortages, which it claims result from hoarding by speculators, who resell goods at a profit, and from smuggling into neighbouring countries. This will be the second time the government has introduced a fingerprint-based system to track and limit food purchases. Earlier this...
  • Zimbabwe economy takes another dive

    08/21/2014 2:40:16 PM PDT · by george76 · 12 replies
    ap ^ | FARAI MUTSAKA
    Several million Zimbabweans left for South Africa and other countries during past economic turmoil. Now, a year after the re-election of longtime leader Robert Mugabe, the country is facing new financial hardships. Zimbabwe's unemployment rate is estimated at 80 percent, pushing many people try to earn a living as street traders.
  • EU justice chief criticizes Google on ‘right to be forgotten’

    08/21/2014 3:22:54 AM PDT · by Olog-hai · 4 replies
    EU Observer ^ | 19.08.14 @ 09:30 | Benjamin Fox
    The EU’s justice commissioner has accused internet giant Google of leading a campaign to shoot down data protection reforms. Speaking in Lyon, France on Monday (18 August), the commissioner, Martine Reicherts, said: “Google and other affected companies who complain loudly” about a recent EU court verdict on personal data are “detractors … attempting to throw a new spanner in the works”. The Luxembourg-based EU court in May ruled that Google must remove links to any content that is “inadequate, irrelevant or no longer relevant” or face a fine.The ruling was based on the bloc’s 1995 data protection law, which are...
  • Leonardo DiCaprio fights 'carbon monster' in new eco-documentary

    08/20/2014 2:25:18 PM PDT · by Oldeconomybuyer · 66 replies
    Today ^ | August 20, 2014 | by Erin Quinlan
    Seems the Wolf of Wall Street has a few economic ideas for halting climate change. In a new documentary called “Carbon,” released online Wednesday, narrator Leonardo DiCaprio contends that trillions of dollars’ worth of fossil fuels are awaiting commercial extraction from the ground — and that if we burn them, our planet is toast. Clocking in at under nine minutes, the short doesn't mince words: DiCaprio and climate scientists argue that coal, natural gas and other carbon-based forms of energy are a "monster" that has created catastrophic surges in the earth’s surface temperature. In response, some lawmakers around the world...
  • Field Poll: Obamacare support in California grows

    08/20/2014 7:39:14 AM PDT · by Oldeconomybuyer · 26 replies
    Orange County Register ^ | August 20, 2014 | BY BERNARD J. WOLFSON
    California voters, who have always favored the Affordable Care Act by a large majority, now support it more strongly than ever, according to an opinion survey published Tuesday. A new Field Poll, conducted from late June to mid-July, shows that 56 percent of registered voters in the state favor the health reform law, also known as Obamacare, while 35 percent are opposed. The poll, sponsored by the California Wellness Foundation, was based on telephone interviews conducted from June 26 to July 19 – in seven languages – with 1,535 registered voters.
  • White House won't reveal documents related to ObamaCare website security

    08/19/2014 1:22:16 PM PDT · by Oldeconomybuyer · 4 replies
    FOX News ^ | August 19, 2014
    The White House has rejected a request to publicly disclose documents relating to the kinds of security software and computer systems behind the federal health care exchange website on the grounds that the information could "potentially" be used by hackers. The Centers for Medicare and Medicaid Services denied a Freedom of Information Act request made late last year by the Associated Press amid concerns that Republicans raised about the security of the website, which had technical glitches that prevented millions of people from signing up for insurance under ObamaCare. In denying access to the documents, including what's known as a...
  • EPA’s air quality measures would hammer Nevada

    08/19/2014 12:54:34 PM PDT · by Oldeconomybuyer · 11 replies
    Las Vegas Review-Journal ^ | August 19, 2014 | By ANASTASIA SWEARINGEN
    In 2011, President Barack Obama famously called for “shared sacrifice” in America. Three years later, his wish might just become the Environmental Protection Agency’s command. In the coming months, Obama’s EPA will decide whether to further tighten air quality requirements, known as the National Ambient Air Quality Standards. If the EPA gets its way (to which it is accustomed), the vast majority of the country, including Las Vegas and nearly all of Nevada, would fall into so-called “non-attainment” — when the EPA deems air pollution levels “persistently exceed” limits. This is up from a few isolated regions just five years...
  • China promises to rein in executive pay

    08/18/2014 9:08:58 PM PDT · by Olog-hai
    Associated Press ^ | Aug 18, 2014 10:19 PM EDT
    China’s president has promised to rein in “unreasonably high” pay for executives at government-owned companies in an apparent effort to mollify public frustration at the wealth of state industry. President Xi Jinping’s announcement, carried by the official Xinhua News Agency, comes as the ruling Communist Party is pressing government officials to cut spending on limousines, banquets and other trappings of office. …
  • NY Fed: Firms 'widely' see Obamacare boosting health costs

    08/18/2014 4:38:25 PM PDT · by Oldeconomybuyer · 6 replies
    CNBC ^ | August 18, 2014 | by Dan Mangan
    Many businesses said Obamacare is jacking up their employee health coverage costs, and they expect it to do so even more next year, two new surveys of businesses by the Federal Reserve Bank of New York have found. Not all firms surveyed said the Affordable Care Act (ACA) is to blame for those cost increases to date. But a majority did. About 20 percent of respondents to both surveys said they were reducing their number of workers and/or raising the share of part-time workers as a result of the ACA. "A similar proportion said they were paying less compensation per...
  • The Coming Race War Won’t Be About Race

    08/17/2014 5:18:21 PM PDT · by SkyPilot · 199 replies
    Time Magazine ^ | 16 Aug 14 | Kareem Abdul-Jabbar
    Ferguson is not just about systemic racism—it's about class warfare, and how America's poor are held back ill the recent rioting in Ferguson, Missouri, be a tipping point in the struggle against racial injustice, or will it be a minor footnote in some future grad student’s thesis on Civil Unrest in the Early Twenty-First Century? More Feds Will Perform Another Autopsy on Michael Brown NBC NewsHungry Heroes: 25 Percent of Military Families Seek Food Aid NBC News'We Have Had Enough': Ferguson Rally Remembers Michael Brown NBC NewsFerguson Protesters Guard Stores From Looters Huffington PostWestboro Baptist Church's Plan To Protest Robin...
  • The case for free tampons

    08/16/2014 1:58:29 AM PDT · by 2ndDivisionVet · 60 replies
    The Manchester Guardian ^ | August 11, 2014 | Jessica Valenti
    The cost of a product that half the world’s population needs multiple times a day, every month for approximately 30 years, is simply too much.When I got my first period, I was in the most embarrassing place my then-11-year-old self could have imagined: my grandparents’ house. I wasn’t sure what to do, so I just put on extra pairs of underwear and threw them away one-by-one, scrunched at the bottom of the bathroom trash bin, as I bled through them. Finally, with nary a pair of panties in sight, I was forced to tell my mother. I have never been...
  • The deadliest disease of all

    08/14/2014 11:02:09 AM PDT · by Oldpuppymax · 5 replies
    Coach is Right ^ | 8/14/14 | Kevin "Coach" Collins
    Disease is the absence of health. Although many diseases still have the potential to end our life we have found ways to combat them and avoid the deadly pandemics of the past. History tells us between 75 and 200 million people died in Europe during the middle years of the 14th century. It took just six years to sweep across the continent and reduce the population by at least 1/3. Those who survived were emotionally and financially destroyed. Because of modern medicine and a clearer understanding of the how and why of epidemics we are at much less risk of...
  • The EPA's Latest Threat to Economic Growth

    08/13/2014 5:02:06 PM PDT · by Oldeconomybuyer · 17 replies
    Wall Street Journal ^ | August 13, 2014 | By JAY TIMMONS
    The agency's needless new ozone standard could cost Americans $270 billion annually. In a town famous for inaction, Washington is gearing up to take action on a major policy issue. But there's a hitch: The outcome could be the most expensive regulation in the nation's history, possibly tanking the economy and costing jobs at a time when businesses, manufacturers and families are making a comeback. Later this year, the Environmental Protection Agency will decide whether it should tighten the air-quality standard for ground-level ozone. There are several things about this possible new standard that are alarming. No single regulation has...
  • Full Repeal [of Obamacare]

    08/13/2014 1:09:08 PM PDT · by PapaNew · 17 replies
    #FullRepeal ^ | Aug 13, 2014 | Ted Cruz
    As a result of YOUR efforts, we WILL repeal every word of Obamacare!
  • Ebola and Climate Change: Are Humans Responsible for the Severity of the Current Outbreak?

    08/12/2014 3:35:16 PM PDT · by Oldeconomybuyer · 23 replies
    Newsweek ^ | August 12, 2014 | By Elijah Wolfson
    ... In a study published in 2012, researchers asked national infectious disease experts in 30 different countries whether or not they thought climate change would affect infectious disease patterns in their countries. The majority agreed. Nevertheless, it’s unclear whether these beliefs are driven by good science, or, as Malcolm Gladwank argued way back in 1995, a guilt-driven “idea of disease as a punishment for wickedness.” It’s true that West Africa, where the latest and most catastrophic Ebola outbreak is currently raging, has faced unequivocal environmental changes in recent years. The International Food Policy Research Institute published a report in 2013,...
  • Obamacare At Risk For 310,000 Who Must Provide Proof Of Citizenship, Immigration Status

    08/12/2014 12:55:12 PM PDT · by Oldeconomybuyer · 26 replies
    The Huffington Post ^ | August 12, 2014 | by Jeffrey Young
    President Barack Obama's administration is contacting 310,000 Obamacare enrollees starting Tuesday to warn them that they must verify they are U.S. citizens or legal residents -- or their benefits will be cut off. In letters being delivered in English and Spanish, the Centers for Medicare and Medicaid Services instructs the enrollees to provide additional documentation regarding their citizenship or immigration status by Sept. 5. Without that documentation, their health insurance plans will be rescinded Sept. 30. The recipients of these letters are people who have not responded to five to seven previous attempts to obtain their documents, according to a...