Category: Debt


Here Is Where Homes Are Most Affordable For The Middle Class

 

middle class homes

 

 

 

 

” If you’re struggling to buy a home in San Francisco or New York, you may want to consider Dayton or Rochester.

  Those are two of the U.S. cities where middle-class buyers are most likely to find an affordable home, according to a new report by the real-estate website Trulia.

  In Trulia’s map below, the bubbles represent the size of a metropolitan area’s housing market. The colors represent the percentage of housing in that market that Trulia considers affordable to the middle class.

  By Trulia’s definition, a city is affordable if “the total monthly payment, including mortgage, insurance, and property taxes, is less than 31% of the metro area’s median household income.” Thus, what’s affordable varies from city to city. “

 

 

The least affordable areas come as no surprise …

 

 

least affordable markets

 

 

Huffington Post

 

 

 

 

 

 

 

 

 

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$4.15 Per Pound: Ground Beef Climbs To Another Record High

 

 

beef

 

 

 

” The average price for a pound of ground beef climbed to another record high$4.156 per pound — in the United States in October, according to data released today by the Bureau of Labor Statistics (BLS).

  In August, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, said the BLS.  In September, the average price jumped .083 cents to $4.096 per pound, an increase of 2.1 percent in one month.

  In October, which is the latest data from the BLS, the average price for a pound of ground beef ($4.156) increased 1.4 percent from September.

  A year ago, in October 2013, the average price for a pound of ground beef was $3.389 per pound. Since then, it has climbed 76.5 cents, or about 22.6 percent in one year.

  Five years ago, in October 2009, the average price for a pound of ground beef was $2.177, according to the BLS. The price has since climbed by $1.977 per pound, or 90.8 percent. “

 

CNS News

 

 

 

 

 

 

 

 

 

$1 Million Hospital Bill For Canadian Woman Who Gave Birth In US

 

 

 

 

 

 

” A Canadian mother is stuck with a $1 million hospital bill after she gave birth prematurely while on vacation in the U.S. last year. 

  Jennifer Huculak-Kimmel, at six months pregnant, thought she and husband Darren had taken all the right steps before taking a trip to Hawaii. She got approval from her doctor and even purchased travel insurance from Blue Cross, the Toronto Sun reported.

  But her water broke while she was on vacation, leading to an emergency C-section and a lengthy hospital stay for the couple’s premature daughter, Reece.

” Blue Cross said that because I had a bladder infection at four months and hemorrhaged because of that, that they would not cover the pregnancy,” Huculak-Kimmel said. “We thought we had done everything right. We thought we had covered all avenues and we thought we were covered. We thought we were safe to go.”

  The hospital bill added up to about $950,000, including $40,000 for medical evacuation to a Honolulu hospital; $160,000 for Huculak-Kimmel’s hospital stay; and $750,000 for the care of the baby in a neonatal intensive care unit. Saskatchewan Health paid about $20,000 of the bill and the United States paid $12,000, leaving the couple with a staggering $918,000 bill.”

 

This is the Canadian healthcare system that we are supposed to aspire to ?

NewsMax

 

 

 

 

 

 

 

 

 

Colt Warns Of Possible Default, Likely To Miss $10.9 Million Payment

 

 

 

” With diminishing sales and unlikeliness of paying bondholders, Colt Defense, LLC warns of a bleak financial future.

  The privately held company announced yesterday in a filing with the Securities and Exchange Commission possible default as it’s likely to miss a $10.9 million payment to bondholders on Nov. 17. If skipped, Colt has a 30-day grace period, but if it does not pay by Dec. 15 the company will be in default.

  If a company defaults without first declaring bankruptcy, creditors will likely force it into bankruptcy and liquidate the assets or the company will operate under the shield of a bank, limiting major operational decisions.

  Colt blames its financial woes on a continued decline in demand for rifles and handguns in the commercial market, and delays in government sales. The company reported in June a $20.5 million loss so far in 2014, down from a $9.5 million profit for the same time in 2013.

  Like the iconic West Hartford, Connecticut, company, other gun makers have also seen a decline in demand. Smith & Wesson reported a net income of $14.6 million, down from $26.5 million for the quarter last year. Profits for the industry giant, Sturm, Ruger and Company, plunged 76.3 percent, from $28.6 million this time last year to $6.8 million for the past three months. “

Thanks to Guns.com

The US Government Doesn’t Want You To Know There’s A Run On Silver Bullion

 

 

Gold Coin Demand US Mint

 

 

 

” It looks like the entire world is spitting out gold and silver as an investment or hedge, as the prices of both precious metals were tumbling in the past few weeks. Well, at least the demand for gold and silver ‘paper’ isn’t anymore what it used to be, but the demand for physical silver is really booming.

  Reports have reached us from Germany that the demand for silver is really surging, and this is an interesting sentiment meter because Germany usually acts as one of the main distribution centers for the European Union. Several large bullion dealers have seen the demand for silver increase, and in just the next few days after last week’s crash, almost all dealers sold as many silver coins in just three days as they usually do in an entire month.

  Now you can try to dismiss this easily by saying that the Germans and the rest of the European Union are simply preparing for an upcoming implosion of the Eurozone, but that couldn’t be further from the truth. The US Mint recently had to announce that there were no more silver Eagles in inventory, and that it would have to suspend deliveries for new orders. This announcement hasn’t been made public (why not, US Mint? Are you trying to keep the people dumb?) but was only sent to larger bullion dealers in the USA. “

 

Zero Hedge has more

 

 

 

 

 

 

 

 

 

Here Are Thirteen Reasons To Vote Republican Today*

 

 

*In no particular order …

 

Brian Terry: A Victim Of Fast & Furious

Chris Stevens , Glen Doherty , Tyrone Woods , Sean Smith & Benghazi

NSA Spying

IRS Tea Party Scandal

Veterans Administration Scandal

Obamacare – ’nuff Said

Common Core

National Park Closures

Enterovirus EV-68D aka Illegal Immigrant Disease

Open Borders & The Permanent Democratic Majority

Senate Majority Leader “Dirty Harry” Reid

$17 Trillion National Debt

The Supreme Court

   This is by no means an all-encompassing list and is intended as a brief motivational post . Feel free to include your own additions in the comments . It is a very fertile field .

Two Local WWII Heroes Will Be Honored In Bronze

 

World War II veterans Bill Guamere (left) and "Babe" Heffron.

 

 

 

” Seventy years ago, he parachuted into a ferocious gun battle raging across the town square of Sainte-Mere-Eglise. Everywhere, buildings were ablaze and bullets zipped through the air.

  Army Sgt. William “Wild Bill” Guarnere couldn’t wait to get into the fight during the Normandy invasion and avenge his brother Henry, killed by the Germans in Italy.

  He later parachuted into Holland with fellow South Philadelphia native Edward “Babe” Heffron during Operation Market Garden, one the largest drops of airborne troops in history.

  They also fought together during the Battle of the Bulge, where Guarnere lost a leg to artillery fire while trying to save a comrade.

  But Wild Bill and Babe – portrayed in the 2001 HBO miniseries Band of Brothers – probably never thought they’d also be portrayed in bronze in their hometown.”

 

Philly.com has the whole story

 

 

 

 

 

 

 

 

 

Government Gold-Plating

 

 

 

 

 

” Sen. Tom Coburn (R-OK) released his annual Wastebook this past week. It contains a laundry list of doozies. The U.S. government’s gold-plating operations included $190,000 to study compost digested by worms, $297 million for the purchase of an unused mega blimp, and $1 million on a Virginia bus stop where only 15 people can huddle under a half-baked roof. These questionable (read: absurd) expenditures only represent the tip of the iceberg.

  Just consider the following: the Speaker of the House currently receives an annual salary of $223,500, and will receive a payment of roughly that amount, depending on the years of service, for life. An annual payment of this magnitude amounts to about five times the average annual wage in the United States. But that’s not all. For those who have had different positions in Congress, their retirements can be augmented. For example, Nancy Pelosi will not receive $223,500 for life, but roughly double that. Why? Because she is a member of Congress, currently the House of Representatives’ Minority Leader, and a retired Speaker of the House. For purposes of computing retirement pay, Congress adds and accumulates. They do not net.”

 

Read more at Cato

 

 

 

 

 

 

 

 

 

 

 Why Hillary Clinton Would Be A One-Term President, According To Peter Thiel

 

 

 

 

   The genius behind PayPal , Peter Thiel , speaks with Glenn Beck on the foolish monetary policy bankrupting America and the likelihood of a Clinton presidency being a one term affair .

 

 

 

 

Government Waste Includes Swedish Massages For Rabbits, Monkey Gambling Lessons

 

 

 

 

 

 

 

” More than a dozen lucky rabbits were given Swedish massages four times a day, courtesy of U.S. taxpayers, as part of a study to figure out whether massage can help recovery times after strenuous exercise — a practice Sen. Tom Coburn says makes a mockery of federal spending.

  The rabbit massages are one of the hundred wasteful products Mr. Coburn, an Oklahoma Republican, identified in his latest edition of the Wastebook, an annual compendium of the ridiculous and outrageous items in government spending, which he is releasing on Wednesday.”

 

 

If you think Swedish massage for rabbits is absurd get a load of these expenditures …

 

 

” Other highlights included the National Science Foundation paying academics to teach monkeys to gamble, government sponsorship of a children’s play about brain-eating zombies and a first-person combat shooting video game the Army developed — but which intelligence officials fear terrorists could use to train their own recruits. Indeed, Hezbollah has adapted the game’s design to train suicide martyrs.

  Mr. Coburn’s investigators also found scientists putting mountain lions, monkeys, rats and cows on treadmills. That’s reminiscent of a previous famous item Mr. Coburn spotted that involved sticking shrimp on a treadmill to try to see if tired shrimp were less healthy. “

 

Washington Times

 

 

 

 

 

 

 

Second Immigration Wave Lifts Diversity To Record High

 

 

 

Mapping American Diversity

Click Map To Go Interactive

 

 

” From a distance, the small group of Haitian immigrants at the public library looks like a prayer meeting or political gathering. Dressed colorfully but comfortably, the women speak in heavily accented English and sit every day for hours around a small wooden table studying to be nurses.

  The library sits at the heart of one of the most diverse counties in the USA. More than 50 languages are spoken in the public schools, and this is what more and more communities across America will look like soon — very soon.

  Racial and ethnic diversity is spreading far beyond the coasts and into surprising places across the USA, rapidly changing how Americans live, learn, work and worship together — and even who our neighbors are.

  Cities and towns far removed from traditional urban gateways such as New York, Miami, Chicago and San Francisco are rapidly becoming some of the most diverse places in America, an analysis of demographic data by USA TODAY shows.

  Small metro areas such as Lumberton, N.C., and Yakima, Wash., and even remote towns and counties — such as Finney County, Kan., or Buena Vista County, Iowa — have seen a stunning surge in immigrants, making those places far more diverse. 

The result: For the first time, the next person you meet in this country — at work, in the library, at a coffee shop or a movie ticket line — will probably be of a different race or ethnic group than you.”

 

 

Read the entire report from USA Today and say goodbye to the melting pot , hello Balkanization

 

 

 

 

 

 

 

 

 

 

Small Businesses Get A Debilitating Dose Of Reality As Health Insurers Unveil Their Rates For 2015

 

 

 Click The Pic For Interactive Map

 

 

 

” Although the Obama administration has yet to release the federal healthcare premiums for 2015, some private insurers have.

  One of them in Minnesota has indicated that they will be showing increases of up to 60% for their ACA-compliant policies. Preferred One, the largest and lowest-cost provider of health insurance in the state, pulled out of the state’s MNsure exchange last month due to its being “unsustainable.” “

 

 

 

 

 

 

” Furthermore, a study was also just released that surveyed 2,600 businesses around the state, finding that 74% said prices of healthcare insurance increased after the law went into effect and that most of these increases were over 10%.”

 

Rightwing News has more

 

 

 

 

 

Overpaid Federal Employees

 

 

 

 

 

” With the election only weeks away, pundits are visualizing how a Republican-controlled Senate would impact future policy decisions.  Today’s Washington Post highlights the supposed plight of federal workers under a Republican Congress.

  The piece discusses House Budget Chairman Paul Ryan’s budget proposal:

  Under the Ryan budget, the contribution of most federal employees toward their retirement plan would increase by 5.5 percentage points with no increase in benefits — effectively a pay cut. Ryan emphasizes a “defined-contribution system” that centers on employee payments to their retirement program instead of the current system, which includes pensions from the U.S. government. He estimated his plan would save the government $125 billion over 10 years.

That $125 billion in savings, however, would come from the pockets of federal employees.

  The piece continues in a similar vein discussing Republican-supported legislation that would make it easier for federal employees to be disciplined, fired, and restricted in their conference expenditures–all  reasonable proposals. It cites federal employee union officials on the difficulties these policies would place on federal workers.

  But the piece fails to mention the elephant in the room: federal employees are compensated more generously than their private-sector counterparts.

  Using data from the Bureau of Economic Analysis, the average wage for a federal civilian employee in 2013 was $81,076, compared to the average wage of $55,424 for private-sector employees. “

 

Cato reports

 

 

 

 

 

 

 

 

 

Government Has Paid Millions For Workers To Stay Home

 

 

 

 

The federal government has shelled out more than $700 million in paid leave to more than 57,000 employees who were home from work for time periods stretching from one month to three years, a Government Accountability Office report has found.

  In a 62-page report published Monday, the GAO analyzed why so many federal employees were home and getting paid for such long periods of time and they discovered a variety of reasons.”

 

Paid Leave

 

” In many cases, employees were home awaiting the outcome of investigations into alleged misconduct and criminal actions. Some racked up paid leave for “physical fitness activities,” and others were away from work seeking professional development. Employees also took paid leave for “recuperation” from overseas work.

  Hundreds of federal employees remained at home, collecting a paycheck, for years.

  The report found that during a three-year period beginning in 2011, 263 employees remained on paid leave for one to three years at a cost of $31 million.

  In some cases, about five percent of the time, the federal government couldn’t come up with a reason why some employees were home on paid leave.”

 

   Those 263 employees cost the US taxpayers an average of $117,870 each to sit on their asses … “We’re in the best of hands”

 

Read more

 

 

 

 

 

 

 

 

 

 

The Death Rattle Of Europe’s Statist Dream

 

 

 

 

 

 

” Europe’s all-too-predictable relapse into recession is gathering force, threatening not only the pipe dream of economic and political unity, but eroding grandiose illusions that have helped prop up the world’s financial house of cards. The unwillingness of France in particular to play by the EU’s — i.e.,  Germany’s — rules appears to have doomed the EU dream. The idea of a borderless Europe bound by a common currency and a shared desire to forever banish war from the Continent was a lofty one, but it was mired from the start in deeply rooted political animosities, grass-roots skepticism and bureaucratic overreach. Now these problems, along with a great many others, have turned the EU project into a Tower of Babel. A million pages of meticulously codified EU rules might as well have been written in cuneiform, so inscrutable and arcane have they become.

  And useless as well. France’s prolonged economic death rattle has been made possible by running annual deficits larger by half than the 3% “allowed” by Brussels. And now, channeling  de Gaulle for what could turn out to be France’s last hurrah, the French have flouted Merckel’s authority, and common sense itself, by proposing to remedy the problem by hiring more government workers and expanding tax breaks.  Portugal, Greece, Spain and the other deadbeat rabble have been cheering them on, and why not? They think they have nothing to lose — that Germany is the only country with any skin in the game. Their folly is about to be laid bare, however, unless Germany gives in and allows Europe’s Central Bank to monetize the collective debts of Europe Fed-style. “

 

Continue reading

 

 

 

 

 

 

 

 

Census Bureau: California Still Has Highest U.S. Poverty Rate

 

 

 

 

” California continues to have – by far – the nation’s highest level of poverty under an alternative method devised by the Census Bureau that takes into account both broader measures of income and the cost of living.

  Nearly a quarter of the state’s 38 million residents (8.9 million) live in poverty, a new Census Bureau report says, a level virtually unchanged since the agency first began reporting on the method’s effects.

  Under the traditional method of gauging poverty, adopted a half-century ago, California’s rate is 16 percent (6.1 million residents), somewhat above the national rate of 14.9 percent but by no means the highest. That dubious honor goes to New Mexico at 21.5 percent.

  But under the alternative method, California rises to the top at 23.4 percent while New Mexico drops to 16 percent and other states decline to as low as 8.7 percent in Iowa.

  The only other state to approach California in the alternate rankings is Nevada at 20 percent, although Washington, D.C., is close at 22.4 percent. “

 

Does anyone else find it peculiar that the poverty rates are greatest in the areas of Obama’s greatest support ?

 

 

Sacramento Bee

 

 

 

 

 

 

 

 

 

 

 

Courtesy Of The Revolution

 

 

 

 

 

” Obama has done more than any other President before him. Here is a list of his impressive accomplishments………..read them all very carefully!
First President to apply for college aid as a foreign student, then deny he was a foreigner.
First President to have a social security number from a state he has never lived in.
First President to preside over a cut to the credit-rating of the United States .
First President to violate the War Powers Act.
First President to be held in contempt of court for illegally obstructing oil drilling in the Gulf of Mexico .
First President to require all Americans to purchase a product from a third party.
First President to spend a trillion dollars on “shovel-ready” jobs when there was no such thing as “shovel-ready” jobs.
First President to abrogate bankruptcy law to turn over control of companies to his union supporters.
First President to by-pass Congress and implement the Dream Act through executive fiat.
First President to order a secret amnesty program that stopped the deportation of illegal immigrants across the U.S., including those with criminal convictions.
First President to demand a company hand-over $20 billion to one of his political appointees.
First President to tell a CEO of a major corporation (Chrysler) to resign.
First President to terminate America ’s ability to put a man in space.
First President to cancel the National Day of Prayer and to say that America is no longer a Christian nation.
First President to have a law signed by an auto-pen without being present.
First President to arbitrarily declare an existing law unconstitutional and refuse to enforce it.
First President to threaten insurance companies if they publicly spoke out on the reasons for their rate increases.
First President to tell a major manufacturing company in which state it is allowed to locate a factory.
First President to file lawsuits against the states he swore an oath to protect (AZ, WI, OH, IN).
First President to withdraw an existing coal permit that had been properly issued years ago.
First President to actively try to bankrupt an American industry (coal).
First President to fire an inspector general of AmeriCorps for catching one of his friends in a corruption case.
First President to appoint 45 czars to replace elected officials in his office.
First President to surround himself with radical left wing anarchists.
First President to golf more than 150 separate times in his first five years in office.
First President to hide his birth, medical, educational and travel records.
First President to win a Nobel Peace Prize for doing NOTHING to earn it.
First President to go on multiple “global apology tours” and concurrent “insult our friends” tours.
First President to go on over 17 lavish vacations, in addition to date nights and Wednesday evening White House parties for his friends paid for by the taxpayers.
First President to have personal servants (taxpayer funded) for his wife.
First President to keep a dog trainer on retainer for $102,000 a year at taxpayer expense.
First President to fly in a personal trainer from Chicago at least once a week at taxpayer expense.
First President to repeat the Holy Quran and tell us the early morning call of the Azan (Islamic call to worship) is the most beautiful sound on earth.
First President to side with a foreign nation over one of the American 50 states ( Mexico vs Arizona ).
First President to tell the military men and women that they should pay for their own private insurance because they “volunteered to go to war and knew the consequences.”
Then he was the First President to tell the members of the military that THEY were UNPATRIOTIC for balking at the last suggestion. (Thank God he didn’t get away with THIS one.)
How is this hope and change’ working out for you? “

 

 

Doug Ross over at Director Blue also has a list of Obama’s “presidential firsts” as does JeffHead.com a

 

 

 

 

 

 

$39,643,352 Worth Of NIH Funding That Could Have Gone To The Ebola Vaccine

 

 

 

 

” The National Institutes of Health (NIH) has spent more than $39 million on obese lesbians, origami condoms, texting drunks, and dozens of other projects that could have been scrapped in favor of developing an Ebola vaccine.

“ Frankly, if we had not gone through our 10-year slide in research support, we probably would have had a vaccine in time for this that would’ve gone through clinical trials and would have been ready,” said NIH Director Francis Collins, blaming budget cuts for his agency’s failure to develop a vaccine for the deadly virus.

  However, the Washington Free Beacon has uncovered $39,643,352 worth of NIH studies within the past several years that have gone to questionable research.

  For instance, the agency has spent $2,873,440 trying to figure out why lesbians are obese, and $466,642 on why fat girls have a tough time getting dates. Another $2,075,611 was spent encouraging old people to join choirs.

  Millions have gone to “text message interventions,” including a study where researchers sent texts to drunks at the bar to try to get them to stop drinking. The project received an additional grant this year, for a total of $674,590.

  The NIH is also texting older African Americans with HIV ($372,460), HIV and drug users in rural areas ($693,000), HIV smokers ($763,519), pregnant smokers ($380,145), teen moms ($243,839), and meth addicts ($360,113). Text message interventions to try to get obese people to lose weight have cost $2,707,067.

  The NIH’s research on obesity has led to spending $2,101,064 on wearable insoles and buttons that can track a person’s weight, and $374,670 to put on fruit and vegetable puppet shows for preschoolers.

  A restaurant intervention to develop new children’s menus cost $275,227, and the NIH spent $430,608 for mother-daughter dancing outreach to fight obesity.

Sexual minorities have received a substantial amount from the NIH. The agency has now spent $105,066 following 16 schizophrenic LGBT Canadians around Toronto for a study on their community experiences.

  The total for a project on why gay men get syphilis in Peru is now $692,697 after receiving additional $228,425 this year. The NIH is also concerned about postpartum depression in “invisible sexual minority women,” with a study that has cost $718,770.

  Millions went to develop “origami condoms,” in male, female, and anal versions. The inventor Danny Resnic, who received $2,466,482 from the NIH, has been accused of massive fraud for using grant money for full-body plastic surgery in Costa Rica and parties at the Playboy mansion.

  How transwomen use Facebook is the subject of another NIH study worth $194,788.

  The agency has also committed $5 million to “mine and analyze” social media to study American’s attitudes toward drug abuse, and $306,900 to use Twitter for surveillance on depressed people.

  The NIH has also spent $15,313,372 on cessation studies devoted to every kind of smoker imaginable. Current studies are targeted at American Indians ($2,899,954); Chinese and Vietnamese men ($424,875); postmenopausal women ($4,151,850); the homeless ($558,576);Korean youth ($94,580); young schizophrenics ($397,802); Brazilian women smokers ($955,368);Latino HIV-positive smokers($471,530); and the LGBT community ($2,364,521).

  Yale University is studying how to get Heavy Drinkers to stop smoking at a cost of $571,799. Other projects seek to use Twitter to provide “social support to smokers” ($659,469), and yoga ($1,763,048) as a way to quit.

  An NIH project studying sighs cost taxpayers $53,282.

  On Tuesday, Health and Human Services (HHS) had to outsource efforts at an Ebola vaccine to the Baltimore-based Profectus BioSciences Inc. The company will receive $8.6 million to research and test their vaccine, a fraction of NIH funding that went to the above projects. “

 

Thanks to Elizabeth Harrington and Washington Free Beacon

 

 

 

 

 

 

 

 

 

 

Ranking Known State Subsidies To Private Businesses

 

 

 

 

 

” While corporate welfare, whether in the form of subsidies or bailouts, is more often associated with the federal government, state governments also regularly use generous, targeted subsidy packages to entice corporations to locate within their borders. As these charts show, corporate welfare is a significant problem at the state level, with New York State leading the rest.

  This week’s charts use data from the Subsidy Tracker 2.0 dataset compiled by Good Jobs First, a government accountability and smart-growth advocacy group, to display the states (plus the District of Columbia) that disperse the highest amounts and numbers of subsidies, along with the top parent corporations that cumulatively benefit from these subsidies. 

  Comprehensive data on total state assistance to private businesses have long been hard to access, since the relevant information has been inconsistently scattered among various government reports and websites. The Subsidy Tracker project is an ambitious effort to compile state data on subsidized projects, amounts, beneficiaries, and outcomes in one location. The dataset distinguishes between 11 types of subsidies, including tax credits and rebates, property tax abatements, low-cost loans, infrastructure assistance, and enterprise zones. The dataset is a constantly updated work-in-progress; while it does not yet contain every single state subsidy, it is one of the most comprehensive sources of state subsidies assembled so far. Additionally, the database compilers decided to count sales tax exemptions on business purchases of inputs as a “subsidy.” However, some economists argue that applying sales taxes to input purchases would inefficiently favor vertically integrated firms over firms that purchase inputs from other businesses. Therefore, this kind of sales tax exemption is not a “subsidy,” but an efficient tax policy. Despite these important limitations, the dataset can give us an early glimpse of the rough value of the  subsidies that each state issues. The User Guide provides further details on the methodology.

  The first chart displays the states known to have extended cumulative subsidies exceeding $1 billion, according to the dataset. In the top portion, the states are ranked, left to right, from the highest amount of subsidies to the lowest amount of subsidies. In the bottom portion, the equivalent number of deals are displayed for each state. 

  New York state clearly leads the pack, extending a known 71,759 subsidy deals worth $21.71 billion. The second highest corporate beneficiary in the dataset, Alcoa, received a plum deal from the Empire State in 2007, raking in an astounding $5.6 billion to build an aluminum plant. “

Veronique de Rugy at Mercatus has much more on state funded corporate welfare

 

Rand Paul Mocks The NIH For ‘Origami Condom’

 

 

 

 

 

 

” Sen. Rand Paul (R-Ky.) took aim Wednesday at the National Institutes of Health for blaming the agency’s slow response to the Ebola outbreak on budget cuts.

” We have people who go blithely on TV and say we don’t have enough money to study Ebola. Have you seen what the NIH spends money on?” Paul, a prospective 2016 presidential candidate, said at a campaign rally for Republican congressional candidates Dave Brat and Ed Gillespie.

Nine-hundred thirty-nine thousand dollars spent to discover whether or not male fruit flies would like to consort with younger female fruit flies,” the senator said to laughter. “One hundred seventeen thousand dollars spent to determine if most monkeys are right handed and like to throw poop with their right hands.”

 

 

 

 

” And the NIH spent $2.4 million for an “Origami condom,” said Paul, who said he spared folks in the room an explanation because it was a family audience.

  Paul appeared to be referring to a project to “radically” redesign the condom for the 21st century, according to the Origami website, in part to reduce HIV transmission.

  The NIH, Paul said, now spends about $30 billion a year, up from $17 billion in 2000.

” When they say they don’t have enough money with their big cuts, look at the bottom line,” Paul said. “No money has been cut in Washington, but it’s about time we do cut money in Washington.”

 

The Hill

 

 

 

 

 

 

 

 

 

 

Prefer GOP On Seven Of 13 Election Issues; Democrats, On Just Four

 

2014 Midterm Issues: Importance and Party Advantage

 

 

” The Republicans in Congress hold significant leads over the Democrats on four of the six issues that U.S. registered voters say are most important in determining how they will vote in November: the economy, the way the federal government is working, the situation with Islamic militants in Iraq and Syria, and the federal budget deficit. Democrats, by contrast, top their Republican rivals on just one of the six: “equal pay for women.”

  These results are from a Sept. 25-30 poll in which Gallup asked registered voters to rate the importance of 13 issues to their vote for Congress, and then to indicate which party would do a better job on each issue. The accompanying graph simultaneously displays the rankings of these issues on both dimensions. The higher an issue is, the greater the Republican Party’s advantage. And the farther to the right an issue is, the more important it is to the electorate.

  The 13 issues measured in the new poll include eight that appeared in a Gallup Poll conducted in April, before the midterm campaign season came into full bloom, plus five new ones. In total, six issues were rated above the average of 69%, in terms of the percentage of voters saying they are extremely or very important to their vote:

  1. the economy (88%)
  2. the availability of good jobs (86%)
  3. the way the federal government is working (81%)
  4. the situation with Islamic militants in Iraq and Syria (78%)
  5. equal pay for women (75%) and
  6. the federal budget deficit (73%)

  On the No. 1 issue, the economy, Republicans have more than doubled their April lead over Democrats, to 11 percentage points. “

 

Read the rest at Gallup

 

 

 

 

 

 

 

 

 

 

Those Who Have Fared Worst Under This President Are The Ones Who Love Him The Most

 

 

 

 

 

 

” A paradox haunts America’s first black president. African-American wealth has fallen further under Barack Obama than under any president since the Depression. Yet they are the only group that still gives him high ratings. So meagre is Mr Obama’s national approval rating that embattled Democrats have made him unwelcome in states that twice swept him to power. Those who have fared worst under Mr Obama are the ones who love him the most. You would be hard-pressed to find a better example of perception-driven politics. As the Reverend Kevin Johnson asked in 2013: “Why are we so loyal to a president who isn’t loyal to us?”

  The problem has taken on new salience with the resignation of Eric Holder. America’s first black attorney-general has tried to correct the gulag-sized disparities in prison sentencing between blacks and whites. His exit leaves just two African-Americans in Mr Obama’s cabinet. Given the mood among Republicans, it is hard to imagine the US Senate confirming a successor to Mr Holder who shares his priorities.”

Financial Times

Pentagon Scraps Afghan Air Fleet For Pennies On The Dollar

 

 

 

” After spending nearly half a billion dollars on 20 planes to outfit the Afghan Air Force, the Defense Department turned around and scrapped 16 of the aircraft for 6 cents on the pound—just $32,000, the Special Inspector General for Afghanistan Reconstruction has learned.   

  The Defense Logistics Agency carried out the planes’ destruction at Kabul International Airport as the SIGAR was investigating the Defense Department’s failed program to outfit the Afghans with a fleet of twin propeller military transport aircraft. The G222 aircraft, manufactured in Italy, proved impossible for the Afghan military to maintain and the Pentagon terminated the program in March 2013, three months after the SIGAR initiated its investigation. By then, the department had spent at least $486 million on the aircraft.

  SIGAR determined that the aircraft flew only 234 hours out of 4,500 required from January through September 2012. “

 

More here and here

 

 

 

 

 

 

 

 

 

 

China Just Overtook The US As The World’s Largest Economy

 

 

 

 

 

 

” Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund.

  Chris Giles at the Financial Times flagged up the change. He also alerted us in April that it was all about to happen

  Basically, the method used by the IMF adjusts for purchasing power parity, explained here.

  The simple logic is that prices aren’t the same in each country: A shirt will cost you less in Shanghai than in San Francisco, so it’s not entirely reasonable to compare countries without taking this into account. Though a typical person in China earns a lot less than the typical person in the US, simply converting a Chinese salary into dollars underestimates how much purchasing power that individual, and therefore that country, might have. The Economist’s Big Mac Index is a great example of these disparities. “

 

Heck of a job , Barack … read more 

 

 

 

 

 

 

 

 

 

 

 

 

 

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