Bloomberg: President Barack Obama said resolving the European debt crisis is of “huge importance” to the U.S. and his administration is “ready to do our part” in stabilizing the global economy. Obama said a “large part” of the annual U.S.-European Union summit was spent on the impact of the crisis in the euro- zone. He [...]
Today marks the date where the national debt reached 15 trillion dollars, with no end to the increase in sight. It's time to CELEBRATE! Buy a new house you can't afford, refinance a loan to take a vacation, or maybe just rack up another 10 grand on your credit card. But most importantly, be [...]
Taxes have consequences, and Obamacare is a tax. Reuters: Nov 10 (Reuters) - Medical device maker Stryker Corp said it will cut 5 percent, or about 1000 jobs to largely offset costs related to the scheduled implementation of the new Medical Device Excise Tax in 2013. "While it is still uncertain whether the device tax [...]
Video at link after somewhat irritating and loud (but mercifully short) commercial. After watching, this from Peter Beaumont with The Guardian might be relevant: The head of China's biggest ratings agency, Dagong Global Credit Rating, is warning that it may downgrade the US's sovereign debt rating again because of Washington's failure to tackle the federal budget [...]
Well, things certainly are getting interesting: Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on [...]
As readers know, we've been following the EU debt crisis with great interest, and more than a little amusement. As the situation there has become more desperate, the lies being told become grander and grander by the day. They are also more transparently false, even ridiculous, bringing measures of mirth to this author so great [...]
Representative Paul Ryan of Wisconsin, chairman of the House budget committee, gave a forceful, highly regarded speech on Oct. 26, “Saving the American Idea: Rejecting Fear, Envy and the Politics of Division.” Wall Street Journal columnist Peggy Noonan, a former Reagan speechwriter, praised the speech in her weekly column (online Oct. 28, in print Oct. [...]
News is flying by real fast. Grab your hat, it's gonna get windy. The European Central Bank (ECB) is fighting a losing battle. It is easy to tell this is so: they are telling ever-bigger lies about their soon-to-be-really-announced, no-kidding-we-really-have-a-great-plan, bailout program-of-the-hour, ever more frequently. There is no money; the ECB has invented a massively [...]
Welcome to a new kind of tension. All across the alien nation. Where everything isn't meant to be okay. - Green Day, American Idiot, 2004 Cui Bono (who benefits)? - unknown origin, but famously used by Cicero Live Greek RiotCam here. Had the new R majority in Congress begun investigations into the overt (obvious, in-your-face, [...]
Got 2.43 minutes? This breviloquent explanation of our current situation is worth watching... Freedom in America Today Excessive Federal spending. Excessive and burdensome Federal regulation. Excessive tax compliance. Diminishing private business. New news? No, but the message is effectively packaged and presented in this EconomicFreedom.org piece. Oh, and the simmering undercurrent: how the United State's declining [...]
http://www.youtube.com/watch?v=2B_SxGmSJP0&feature=player_embedded
Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law Solyndra wasn't enough looting, comrade. Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies -- including a $737 million loan guarantee to a company known as SolarReserve: "SolarReserve LLC, a closely held [...]
