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Latest Articles: Business
Michigan's Economy Grows 2.9% In 2010, Outpaces The National Average
Post Date: 2011-06-08 10:58:31 by Brian S
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Michigan's long recession is officially over. According to government data from the U.S. Bureau of Economic Analysis, Michigan's economy grew 2.9 percent last year, outpacing the national average of 2.6 percent. The gain follows declines of 5 percent in 2009 and 4.3 percent in 2008. Last year, Michigan's economy was the 15th fastest-growing in the country and the second-fastest in the Midwest, behind Indiana, which grew by 4.6 percent. The state can thank a rebounding auto industry for much of its growth. Durable–goods manufacturing led the recovery in U.S. in 2010; adding more than 1 percentage point to growth in Michigan. "The fact that Michigan has so much ...
Will The Banksters And The Corpocracy Eventually Own It All? 29 Statistics About Extreme Income Inequality In America That Will Blow Your Mind
Post Date: 2011-06-07 14:07:02 by Capitalist Eric
9 Comments
Today, average Americans have less power relative to the monolithic corporate and governmental institutions that dominate our society than at any other point in U.S. history. Sadly, this is not what our founding fathers ever envisioned. Our founding fathers established a government "of the people, by the people, for the people", but what we have today is very far from that ideal. In America today, wealth and power are very highly concentrated, and if you have neither wealth nor power than most of our politicians really do not have any interest in you. Over the past several decades, those with huge amounts of money and power have been busy rigging the game so that the rest of the ...
Hyperinflation Special Report (2011) [Reprint- Reality for Brain-Dead Keynesian Leftist Goobers- go56, DwarF, Gobsheit, LucysStupidmom, et. al.]]
Post Date: 2011-06-02 16:44:08 by Capitalist Eric
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HYPERINFLATION SPECIAL REPORT (2011) SPECIAL COMMENTARY NUMBER 357 March 15, 2011 __________ United States Nears Hyperinflationary Great Depression Federal Reserve and Government Have Exploded the U.S. Fiscal Crisis, Shattered Global Confidence in the U.S. Dollar but Not Resolved Ongoing Economic and Systemic-Solvency Crises High Risk of Ultimate Dollar Disaster Beginning to Unfold in Months Ahead 2014 Remains the Outside Timing for Same Contracting Money Supply Can Be Inflationary When Real Economy Contracts Even Faster Major Economic Series Suggest Formal Depression in Place __________ Hyperinflation Special Report (2011) is the fourth in a series of related writings going ...
White House Promotes Auto Bailouts, Cites Paybacks
Post Date: 2011-06-01 20:22:45 by Brian S
1 Comments
(06-01) 16:23 PDT WASHINGTON (AP) -- Taxpayers will lose about $14 billion in the government's $80 billion bailout of Chrysler and GM, the White House said Wednesday, portraying the outcome as good news since the losses are far lower than originally anticipated. Seizing on the figures, the Obama administration took credit for the resurgence of the U.S. auto industry, assuring taxpayers that the government's bailout of Chrysler and GM was an investment worth making. A report by the president's National Economic Council noted that as Detroit automakers rebound, the taxpayers' loss from the bailout will be about $14 billion, or less than 20 percent of the $80 billion that ...
Unemployment Fell In April In More Than 90 Pct. Of Large US Cities, Summer Hiring Picks Up
Post Date: 2011-06-01 15:49:19 by Brian S
4 Comments
WASHINGTON — The best month for private-sector hiring in five years and a pickup in summer jobs helped lower unemployment rates in more than 90 percent of the nation’s largest cities in April. The unemployment rate dropped in 339 metro areas in April, the Labor Department said Wednesday. It rose in 20 cities and remained unchanged in 13. It was the most cities to see a decline in a year. Many of the areas with the steepest declines are tourist destinations, such as Ocean City, N.J., where hotels and tourist attractions add workers for the summer season. The metro employment data isn’t seasonally adjusted for such trends and as a result can be volatile from month to month. ...
Manufacturing Growth Weakens from China to Europe as Global Economy Ebbs
Post Date: 2011-06-01 11:54:04 by Brian S
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June 1 (Bloomberg) -- Manufacturing growth from China to the euro region and the U.S. slowed in May, adding to signs that momentum is weakening in a global economy facing headwinds from rising commodity costs and regional shocks. A purchasing managers’ index for China showed the slowest pace of expansion in nine months, while the equivalent measure for the euro area fell to a seven-month low. The U.S. gauge of factory growth was at its weakest in a year, Russia’s index signaled “near stagnation,” and reports from Poland to Hungary also showed a loss of manufacturing momentum. The synchronized drop in global factory indicators is adding to evidence that the ...
Wisconsin could make title lending legal yet again
Post Date: 2011-05-28 06:17:15 by gianH
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In 2010, Wisconsin State became the last state in the United States to regulate the payday lending and title lending industries. Auto title lending was only banned when the governor line-item-vetoed a bill meant to regulate the industry. Now, a joint committee is taking action to end the ban on title lending, which would de-regulate the industry. Current regulations on Wisconsin's payday lending industry Short term installment loans for auto titles are not legal in Wisconsin right now. The selective vetoing of the 2010 legislation banned loans of this type. All payday loans can't exceed 35 percent of the monthly income of the borrower in Wisconsin either. Even if there are ...
Reaganomics Vs. Obamanomics: Facts And Figures
Post Date: 2011-05-22 19:51:17 by Sebastian
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In February 2009 I wrote an article for The Wall Street Journal entitled “Reaganomics v Obamanomics,” which argued that the emerging outlines of President Obama’s economic policies were following in close detail exactly the opposite of President Reagan’s economic policies. As a result, I predicted that Obamanomics would have the opposite results of Reaganomics. That prediction seems to be on track. When President Reagan entered office in 1981, he faced actually much worse economic problems than President Obama faced in 2009. Three worsening recessions starting in 1969 were about to culminate in the worst of all in 1981-1982, with unemployment soaring into double digits ...
The Coming Great Inflation
Post Date: 2011-05-19 11:47:54 by Capitalist Eric
5 Comments
The table displayed immediately below is likely to surprise even our most-jaded readers. It shows the astronomical increase in cash prices for well-known food commodities over the past 12 months. With inarguable exactness, it contradicts the nearly constant prattle in the mainstream press that inflation is under control, or that it is peaking and likely to come under control sometime soon. Some items on the list have doubled -- even tripled -- in price over the past year. Others have risen at mere double-digit rates. These numbers signal a potentially serious inflation shock for the American consumer down the road as wholesale food inflation feeds through to consumer prices. It should ...
The Road to Hell is Paved by Central Bankers, The Good, The Bad & The Ugly
Post Date: 2011-05-18 16:23:11 by Capitalist Eric
2 Comments
“You see in this world there's two kinds of people, my friend. Those with loaded guns, and those who dig. You dig.” - Blondie – The Good, the Bad and the Ugly “There are two kinds of people in the world, my friend. Those who have a rope around their neck and those who have the job of doing the cutting.” – Tuco – The Good, the Bad and the Ugly The economic peril that we find ourselves confronted with, has been ninety-eight years in the making. The confluence of debt, demographics, delusion, and denial has left the country at the precipice of annihilation. There are two kinds of people in the world, those who control the money and those that are ...
Carl’s Jr., Hardee’s CEO on Creating Jobs and Government Regulations
Post Date: 2011-05-15 17:08:24 by CZ82
1 Comments
Carl’s Jr., Hardee’s CEO on Creating Jobs and Government Regulations by Heritage Videos Andrew Puzder knows a thing or two about creating jobs. As CEO of CKE Restaurants, the parent company of many famous brands including Carl’s Jr. and Hardee’s, Puzder has seen firsthand how government policies can help or hurt job creation. In his new book, “Job Creation: How It Really Works and Why Government Doesn’t Understand It”, Puzder and co-author Dave Newton share what they have learned. Puzder spoke at Heritage this week and sat down with Heritage to talk about his experience in the business world. In the interview, he discussed the burden government ...
Obama's Gas Solution: More Government
Post Date: 2011-05-15 16:03:12 by CZ82
2 Comments
Obama's Gas Solution: More Government J.K. Gregg President Obama took his weekly radio address to speak towards the growing gas prices across the country and offered a variety of solutions. The common denominator of most of his solutions, however, was the direction of, funding from, and oversight by the federal government. At the onset, President Obama announced the creation of a task force to search and destroy "manipulations in the market that might affect gas prices" with particular focus on speculators. Speculators have been the go-to scapegoat on oil prices by both the left and right. Unfortunately, the president's efforts are misguided. Speculators are those ...
Wisconsin’s stock rising
Post Date: 2011-05-14 12:20:38 by jwpegler
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Twenty fourth and counting. What most Wisconsinites and Beloiters already knew is becoming known coast-to- coast — that Wisconsin is a great place to work, live, go to school and do business. Now, hundreds of business leaders nationwide are becoming believers too. Wisconsin jumped from the 41st best business climate in the U.S. to 24th in a survey of 550 chief executive officers conducted by chiefexecutive.net, an online publication for business executives. The survey was conducted Jan. 14 through Feb. 1. Wisconsin’s business climate improved more than any other state in the survey, Kurt Bauer, president and CEO of Wisconsin Manufacturers and Commerce, said. “The ...
How the $8,000 Tax Credit Cost Home Buyers $15,000
Post Date: 2011-05-12 16:28:39 by CZ82
9 Comments
How the $8,000 Tax Credit Cost Home Buyers $15,000 By JACK HOUGH Price declines have more than eclipsed savings, new numbers show. .The government's recent $8,000 cash incentive for first-time home buyers has proved even more costly for recipients than for taxpayers, according to data released Monday. Typical buyers have lost twice as much to price declines as they received from the program. The median home value fell to about $170,000 in March from $185,000 a year earlier, according to Zillow.com. That means a buyer who closed on a house just before the tax-credit program expired in April 2010 collected $8,000 but has since lost $15,000 in value. Those who bought earlier in the ...
Microsoft in Talks to Acquire Skype for $8.5 Billion
Post Date: 2011-05-10 01:59:06 by go65
8 Comments
Microsoft is in advanced talks to acquire Skype, which revolutionized telephone calls over the Internet, for $8.5 billion, including the assumption of debt, according to people involved in the negotiations. A deal is expected to be announced Tuesday morning, these people said, although they cautioned that the talks could still fall apart. A spokesman for Skype declined to comment, and calls to Microsoft were not returned. Click for Full Text!
Investor Opportunity-Lifeboats for Investors on Today’s Economic Titanic
Post Date: 2011-05-06 17:30:53 by Capitalist Eric
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“We are supposed to be two years into an economic recovery. Tell that to those with stagnant wages who have to fight against 10% inflation, which our government ingeniously tells us, is 1.9%. Some $900 billion or more will have been created out of thin air by the Fed and spent buying Treasury and Agency bonds, notes and bills and the $862 billion consigned to the economy in December will all have been spent... The downgrade from AAA for US government debt is 100% surety over the next couple of years. It looks like it has been decided that European debt is to collapse first. The ECB, eurozone IMF meeting in Athens in this coming week will decide that. We expect default but what the ...
Oil: Don't Wait on Obama
Post Date: 2011-05-02 19:42:07 by Abcdefg
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Oil: Don't Wait on Obama By Ed Wallace After three months of reading oil reports I concluded that, in terms of legitimate discovery pricing for crude, today's oil market does not line up with reality. While I said so in the Star-Telegram last weekend, a similar column of mine came out at BusinessWeek on the 19th of the month and immediately became their most read story that day. They say that timing is everything: Two days later President Obama said he would put together a task force to investigate, seek out and report any "fraud or manipulation" in the oil markets. This task force, apparently, would answer to Eric Holder, our Attorney General. And immediately the ...
Oil: We're Being Had Again
Post Date: 2011-05-01 22:36:02 by Abcdefg
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Oil: We're Being Had Again Watching traffic around Dallas Fort Worth, you'd never know that America was having any kind of gasoline crisis. Many on the freeways drive like Texas has already approved the proposed 85 mph speed limit. After all, if a vehicle rated at 30 mpg on the road is driven at 85 mph, its fuel efficiency drops by around 35 percent. This makes that gallon of gas they're currently paying $3.79 for cost the equivalent of $5.11. That does not mean that the market for oil and gasoline is not oversold, the cost to consumers and industry far more than it needs to be. Until recently it was impossible to tell whether the speculators' claims to the media were true ...
Black Chamber of Commerce Head: Obama is ‘Fanatical’ & ‘Marxist’ — I Only Voted for Him ‘Because ..
Post Date: 2011-04-29 21:34:48 by A K A Stone
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Harry Alford is the president and CEO of the National Black Chamber of Commerce. And boy is he entertaining. He’s also not a fan of many of the business positions Democrats have taken. You might remember him for his fiery exchange with call-me-Senator Barbara Boxer (D-CA) in 2009, when he accused the senator of infusing race into a congressional hearing: Today he joined Laura Ingraham on her radio show to talk about Obama’s business policies. He started with this: “Obama wanted the National Black Chamber to dance to his music and have blind allegiance to his crazy programs and agenda, which are totally anti-business. We are a pro-business organization. So we have to ...
Rich Dude Quote of the Day
Post Date: 2011-04-25 08:40:56 by Biff Tannen
3 Comments
Rich dude, Paul Allen, co-founder of Microsoft: Allen laughed about descending deep into the ocean in submarine that's housed inside his massive yacht. "The animals are really strange. But if you put on some Pink Floyd, it's fantastic."
Poster Comment:***o* is a flaming ****o*
Special Report: Is Buffett's teflon finally wearing off?
Post Date: 2011-04-25 08:25:37 by Sebastian
5 Comments
Aside from maybe the odd cheeseburger stain on his tie, nothing much sticks to Warren Buffett. Whether his underlings are convicted of helping insurance companies inflate results or a major company he helps oversee is sanctioned for accounting shenanigans, his admirers don't seem to care. Or at least, they haven't historically. But with a key Buffett lieutenant resigning under a cloud recently, some sophisticated investors are no longer willing to overlook the obvious. For all the shareholders who still consider Buffett the epitome of American capitalism, there are others who wonder whether the time may be near for Buffett to take a graceful bow and exit the stage. Some will ...
The Rich Paid More Taxes Due to the Reagan and Bush 43 Tax Cuts
Post Date: 2011-04-19 16:01:10 by CZ82
1 Comments
The Rich Paid More Taxes Due to the Reagan and Bush 43 Tax Cuts April 18, 2011 RUSH: The views expressed by the host on this program, some of them have been stated for 22 straight years, and some of those same views will have to be repeated for 22 more years. Some of these things we just have to keep saying, such as this stuff we're talking about on taxes today. Our website has had these numbers up for years, and we've been on the air for 22 years here. What is it? It was started in '88. This is 2011. Yeah, we're in our 23rd year here. So what's that mean, the 23rd anniversary comes up August 1st, is that which one it's gonna be? Yeah, yeah. We've been talking ...
Ryan: Debt crisis lies within spending, not taxes [Full Thread]
Post Date: 2011-04-18 19:07:23 by CZ82
113 Comments
Schieffer interviews Paul Ryan, tries to back him into a corner and fails.... I can't embed the video (it's locked) so you will have to go to YouTube to view it. http://www.youtube.com/watch?v=tsU6oeOChuM
CBO Says GOP Medicare Plan Would Double The Cost Of Health Care For Seniors
Post Date: 2011-04-14 00:32:08 by lucysmom
12 Comments
Accordingly to the CBO estimates, the program would result in seniors paying twice as much for their care – a sum that would total more than $12,510 a year. Here’s how the CBO sees it going – The GOP proposal, which would begin in 2022, involves providing a ‘voucher’ – or as Ryan likes to call it, ‘premium support’ – to seniors to help pay for their health insurance. The average American would receive a check for $8,000, representing roughly what the CBO estimates Medicare would have to fork out for the average beneficiary in 2022. In addition to the government’s costs, the CBO estimates that seniors, in 2022, would lay out about $6,150.00 ...
New form of slavery????--Inflating Our Way to a Government-Controlled Economy
Post Date: 2011-04-11 16:01:16 by CZ82
14 Comments
Inflating Our Way to a Government-Controlled Economy By Lee DeCovnick Spiraling food prices, record energy costs and federally mandated health insurance reflect this Administration's slavish ideological devotion to the centralized planning of key sectors of the American economy. So, what are the current results of Obama's indoctrination of America into progressive collectivism? Global food costs have risen an astonishing 29 % in the past year, and almost 4% a month between October and January of 2011. Retail prices for gasoline have doubled in the 26 months since Obama was inaugurated. And the Democratic majorities in Congress passed a mandated health insurance bill that is not ...
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