I have a novel idea… why not let the taxpayers keep this $800 million and “redistribute” it on goods and services of their choosing and “share the wealth” to those businesses they feel are worthy and truly “stimulate” our own economy. Reuters: The White House announced plans on Monday to help “Arab Spring” countries swept [...]
(Reuters) – The Greek parliament approved a deeply unpopular austerity bill to secure a second EU/IMF bailout and avoid national bankruptcy, as buildings burned across central Athens and violence spread around the country. Cinemas, cafes, shops and banks were set ablaze in central Athens as black-masked protesters fought riot police outside parliament. State television reported [...]
Zero Hedge: Recent times have been particularly hard on young adults. As we look around the world at Europe and the Middle-East, it is all too often the youth that are leading the social unrest as they again and again are the hardest hit by the global deleveraging (and admittedly most socially connected). The US [...]
HP/AOL: Are you young and looking for work? You’re in good company. Just 54 percent of Americans ages 18 to 24 currently have jobs, according to a study released Thursday by the Pew Research Center. That’s the lowest employment rate for this age group since the government began keeping track in 1948. And it’s a [...]
Los Angeles Times: Student loan debt is pushing an increasing number of young people and their parents toward bankruptcy, according to a survey released Tuesday. More than four-fifths of bankruptcy attorneys say they’ve seen a notable jump in the number of potential clients with student loan debt, with nearly half the lawyers reporting a significant [...]
Pajamas Media: In the wake of controversy over the true interpretation of the Labor Department’s job numbers released Friday, the Senate Republican Policy Committee today got a sheet full of interesting statistics over lunch. Here’s what committee chairman Sen. John Barrasso (R-Wyo.) handed out: -The White House predicted in February 2009, when President Obama signed [...]
Investor’s Business Daily: The American public’s dependence on the federal government shot up 23% in just two years under President Obama, with 67 million now relying on some federal program, according to a newly released study by the Heritage Foundation. The conservative think tank’s annual Index of Dependence on Government tracks money spent on housing, [...]
(Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said the 8.3 percent rate of unemployment in January understates weakness in the U.S. labor market. “It is very important to look not just at the unemployment rate, which reflects only people who are actively seeking work,” Bernanke said today in response to questions at a hearing [...]
ROCKLEDGE, Fla. (WaPo) — The nation’s jobless rate has declined to its lowest level in three years, a fact that has left Jamie Bean, an unemployed air-conditioner repairman, feeling more left out than ever. Bean, 36, lost his job in December. Now he is scrambling to keep up with child-support payments to his wife, who [...]
Provo, Utah (CBS Las Vegas) – In front of the White House a man is sitting on a park bench in the throes of depression. He is surrounded by all 43 presidents. In the forefront, purposefully ignoring the depressed man is President Obama, whose right foot is stepping on the Constitution. James Madison is next [...]
CNS News: The House approved a potentially sweeping budget reform Friday that would force federal agencies to justify an annual increase, as opposed to getting an automatic increase under current budget law. “What we are about to do could be the most responsible financial thing this Congress has done, this House has done in the [...]
The Hill: Senate Democratic leaders on Friday said they do not intend to bring a fiscal 2013 budget up for a floor vote. “We do not need to bring a budget to the floor this year — it’s done, we don’t need to do it,” Senate Majority Leader Harry Reid (D-Nev.) told reporters on Friday. [...]
“There are 2 ways to conquer and enslave a nation. One is by the sword and the other is by debt.” -John Adams, 1826 CNS News: The Congressional Budget Office projects that the national debt under President Obama’s policies will rise to $21.665 trillion by 2022, according to its updated budget outlook. The updated outlook, [...]
(AFP) — The world can no longer afford to ignore the environmental cost of economic growth and must redefine the very concept of national wealth, a UN panel of heads of state and environment ministers said Monday. The panel challenged leaders to recognise that “current global development is unsustainable.” “We need to chart a new, [...]
Which is now his campaign theme: “It’s Democracy’s fault, in the form of congress.”
Fox News: A strong uptick in the sales of booze last year is painting one of the surest signs yet of a return to the pre-recession boom days, according to new data. US shipments of scotch, vodka, rum and other spirits in 2011 increased 2.7 percent over the previous year — the strongest increase in [...]
