Category: Debt


Texas Job Growth Outpaces Rest Of U.S. Combined

 

 

 

 

” Since the recession began in December 2007, 1.2 million net jobs have been created in Texas. Only 700,000 net jobs have been created in the other 49 states combined.

  The remarkable employment growth in Texas looks even bigger considering its size relative to the rest of the U.S. Total non-farm employment has grown by 11.5 percent in Texas since December 2007. Employment in the rest of the United States has grown only 0.6 percent. Until September 2014, total employment growth in the rest of the United States since December 2007 was still negative.”

 

Washington Examiner

 

 

 

 

 

 

 

 

 

 

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$4.20 Per Pound: Price Of Ground Beef Climbs To Another Record

 

 

bls

 

 

” The average price of a pound of ground beef climbed to another record high — $4.201 per pound — in the United States in November, according to data released today by the Bureau of Labor Statistics (BLS).

  In August 2014, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, according to the BLS.  In September, the average price jumped to $4.096 per pound, and in October, the average price climbed to $4.154 per pound. In November, the average price hit the highest price ever recorded — $4.201 per pound.

  A year ago, in November 2013, the average price for a pound of ground beef was $3.477 per pound. Since then, the average price has increased 20.8 percent in one year.

  Five years ago, in November 2009, the average price of a pound of ground beef was $2.062, according to the BLS. The price has since climbed by $2.139 per pound, or 103.7 percent.”

 

Read more at CNS News

 

Below is a list of average grocery prices and other necessary expenses by year from 2008 to 2014 …

 

COL 2008-2014

 

 

   This is a list from one source that we could find quickly and while we find some of the statistics to be dubious in the extreme it does convey the basic idea that , contrary to what the inflation figures provided by the State claim , prices are out of control . Heck of a job Barack …

 

 

 

 

 

 

Food Stamp Beneficiaries Exceed 46,000,000 for 37 Straight Months

 

 

 

 

” The number of beneficiaries who receive compensation from the Supplemental Nutrition Assistance Program (SNAP), otherwise known as food stamps, has topped 46,000,000 for 37 straight months, according to data released by the Department of Agriculture (USDA).

  In September 2014, which is the latest data from the USDA, there were 46,459,998 Americans who received assistance from the SNAP program. The number of beneficiaries has exceeded 46 million since September 2011, a total of 37 months, or more than three years.

  In September, the number of beneficiaries was down from the 46,476,410 beneficiaries there were in August, a decline of 16,412. During that same time frame, the number of families receiving SNAP benefits increased from 22,724,624 in August to 22,750,019 in September, an increase of 25,395.

  Households on food stamps in September got an average of $252.69 during the month, and the program benefits cost taxpayers $5,748,809,023.

  In 1969, the average participation in the SNAP program stood at 2,878,000. In 2014, average participation grew to 46,536,000 showing an increase of 1516.96 percent.”

 

Thanks to CNS News

 

    To put those numbers in perspective in 1969 one out of every 73.6 people was dependent on the State for supplemental food stamps while today after nearly fifty years of fighting the “war on poverty” the ratio is one out of every 6.8 people . Well done … God Bless The State …

Total spending to date on the “war on poverty” has exceeded sixteen trillion dollars and all we’ve gotten for that “investment” has been a larger and larger dole .

 

Since the

 

   The numbers for SNAP spending during the past six years of the Obama administration from the CBO reflect a massive increase in dependency on the State :

 

 

Participation and Federal Spending for SNAP

 

 

” Almost two-thirds of the growth in spending on SNAP benefits between 2007 and 2011 stemmed from the increase in the number of participants. Labor market conditions deteriorated dramatically between 2007 and 2009 and have been slow to recover; since 2007, both the number of people eligible for the program and the share of those who are eligible and who participate in the program have risen.

  About one-fifth of the growth in spending can be attributed to temporarily higher benefit amounts enacted in the American Recovery and Reinvestment Act of 2009. The remainder stems from other factors, such as higher food prices and lower income among beneficiaries, both of which have boosted benefits.”

 

Heck of a job Barack …

 

 

 

 

 

 

 

Obamacare Blamed For Killing Hospitals

 

 

 

 

” Eighteen acute-care hospitals across the United States shut their doors in 2013.

  At least 12 more hospitals have closed this year in rural areas alone. More are getting out the plywood to nail over windows and barricades for doors.

  Don’t worry, it’s just the new normal under Obamacare, says Lee Hieb, M.D.

“ Events happening now give us some idea of what medicine will be reduced to in the future,” Hieb writes in her forthcoming book, “Surviving the Medical Meltdown: Your Guide to Living Through the Disaster of Obamacare.”

“ Today, all over America, small and midsize hospitals as well as hospitals in inner-city, poor areas are closing,” she said.

  Hieb is an orthopedic surgeon and past president of the Association of American Physicians and Surgeons.

  She said the reasons for the closures aren’t complicated. Most of the victims are smaller hospitals or those in poor areas, which often serve the greatest number of Medicare and Medicaid patients.

  A report at Modern Health Care just a few weeks ago confirmed that among just the critical-access hospitals, which have 25 beds or fewer, there were 14 closures in 10 states in 2013.”

 

WND has more

 

 

 

 

 

 

 

 

 

 

UC Study: Minimum Wage Hike Of 2007-09 Cost 1.4M Jobs

 

 

 

 

” Raising the minimum wage, a stated goal of the Obama administration, likely would cost jobs and hurt low-income workers.

  University of California San Diego economic researchers discovered that the federal minimum wage increase from $5.15 to $7.25 per hour between 2007 and 2009 actually cost the economy 1.4 million jobs, Breitbart News reports. “

 

 

” Even worse, the increase’s negative effect landed squarely on the people it was designed to help — low-paid, unskilled workers, who found themselves blocked out of low-paid or internship positions that would give them a shot at gaining experience and achieving higher-paid jobs, the study notes.

” We find that binding minimum wage increases significantly reduced the likelihood that low-skilled workers rose to what we characterize as lower middle class earnings. This curtailment of transitions into lower middle class earnings began to emerge roughly one year following initial declines in low wage employment. Reductions in upward mobility thus appear to follow reductions in access to opportunities for accumulating work experience,” the report states. “

 

 

 

” While the wage distribution of low-skilled workers shifts as intended, the estimated effects on employment, income, and income growth are negative. “

 

 

   For every government mandate on businesses , industry and technology will create a way to avoid them . If increasing the mandatory minimum wage by two dollars cost a million and a half jobs just imagine the losses from a doubling of the present state-mandated wage for unskilled workers , and machines don’t need healthcare .

   Read more at NewsMax

 

 

 

 

 

 

 

 

 

 

$404,155,000,000: Taxes Set Record In First 2 Months Of FY15—Deficit Still $179B

 

Record Tax Revenues for October and November

 

 

 

” The U.S. Treasury continued to rake in tax dollars at a record rate in November as the federal government closed out the first two months of fiscal 2015 with $404,155,000,000 in total receipts, according to the Monthly Treasury Statement released today.

  In constant 2014 dollars, this is the first time federal revenues have topped $400 billion in the first two months of the fiscal year.

  Even with these record revenues, the Treasury ran a deficit of $178.531 billion deficit in October and November as it spent $582.686 billion.”

 

CNS News has more

 

 

 

 

 

 

 

 

 

Obama’s One Night Brisbane, Australia Hotel Bill: $1.7M

 

 

 

” President Obama stayed only one night in Australia for the G-20 summit, but the entire presidential delegation required over 4,000 rooms costing in excess of $1.7 million for the entire stay. Rooms at three different hotels were reserved for the U.S. delegation, and due to the large number of countries involved in the summit, the Australian government parceled out available hotels to each nation’s delegation. The majority of the U.S. delegation stayed at the Brisbane Marriott, with the remainder staying at two other Brisbane hotels, the Urban and the Adina. 

  Presidential visits, such as for the G-20 summit, require advance teams for security and logistics, and may also include arrangements for officials conducting discussions and negotiations before and after the president himself is in the host country.

  Often for such contracts, full and open competition is not possible because time constraints and related security concerns preclude a bidding process. However, in this case, the Australian government required countries to use designated hotels which placed additional limits on alternatives. In any case, the estimated total cost for the three hotels was about $1,732,000; based on an estimated 4,096 room nights, the per room cost comes to $423 per night. The Justification documents for the three contracts state that the cost is “fair and reasonable based on the pricing available across the city of Brisbane at the time of the visit.” “

 

Weekly Standard has the details

 

 

 

 

 

 

 

 

 

 

 

The Best And Worst Run States In America: A Survey Of All 50

 

Party Control Of States

 

 

” How well run is your state? Assessing a state’s management quality is hardly easy. The current economic climate and standard of living in any given state are not only the results of policy choices and developments that occurred in the last few years, but can also be affected by decisions made decades ago, and by forces outside a state’s control. 

  Each year, 24/7 Wall St. attempts to answer this question by surveying various aspects of each state. To determine how well states are managed, we examine key financial ratios, as well as social and economic outcomes. This year, North Dakota is the best-run state in the country for the third consecutive year, while Illinois replaced California as the worst-run state.

  Selecting appropriate criteria to compare the 50 states is difficult because there is so much variation among the states. As a result, policy decisions that may work in one state might not work in another. Some states are rich in natural resources, while others rely on high-skilled sectors such as technology and business services. Some depend disproportionately on one industry, while others’ economies are more balanced. Further, some states are more rural, while others are highly urbanized and densely populated.

  This year, a number of the best-run states again benefit from an abundance of natural resources. North Dakota, Wyoming, Alaska, and Texas are among the top 10 best-run states, and in all four, the mining industry — which includes fossil fuel extraction — is a major contributor to state GDP. Due in large part to the mining sector, North Dakota and Wyoming led the nation in real GDP growth in 2013. And Alaska has utilized its oil wealth to build massive state reserves and to pay its residents an annual dividend.

  Although less than in years past, the lingering effects of the housing crisis still have a negative impact on several of the worst-run states. In five of the 10 worst-run states — Arizona, Georgia, Illinois, New Jersey, and Rhode Island — home values declined by 10% or more between 2009 and 2013. Worse still, in states such as Arizona and Rhode Island, the housing market remains well below its peak, reached just before the start of the recent recession.”

 

   A brief rundown of the top ten and bottom ten states , color-coded (red for GOP , blue for Democrats , purple for split government) by party control of legislature and governor’s office is as follows: 

 

The 10 best run states:

 

” 1. North Dakota

2. Wyoming

3. Nebraska

4. Iowa

5. Minnesota

6. Utah

7. Alaska

8. Texas

9. Vermont

10. South Dakota

 

 

And here are the ten worst run states:

 

” 41. Alabama

42. Missouri

43. New Jersey

44. Georgia

45. Arizona

46. Kentucky

47. Rhode Island

48. Mississippi

49. New Mexico

50. Illinois

 

 

Click through to the 24/7 Wall Street post for a detailed accounting of all 50 states to see where yours stands .

 

 

 

 

 

 

 

 

 

It’s Official: America Is Now No. 2

 

 

 

 

” Hang on to your hats, America.

  And throw away that big, fat styrofoam finger while you’re about it.

  There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.

  It just happened — and almost nobody noticed.

  The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A. “

 

 

You voted for “fundamental change” and the man has delivered …

 

 

” As recently as 2000, we produced nearly three times as much as the Chinese.

  To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.

  This latest economic earthquake follows the development last year when China surpassed the U.S. for the first time in terms of global trade.”

 

 

 

    These two paragraphs should send chills down any forward-looking American’s spines , especially amongst the young …

 

 

 

” Make no mistake: This is a geopolitical earthquake with a high reading on the Richter scale. Throughout history, political and military power have always depended on economic power. Britain was the workshop of the world before she ruled the waves. And it was Britain’s relative economic decline that preceded the collapse of her power. And it was a similar story with previous hegemonic powers such as France and Spain.

  This will not change anything tomorrow or next week, but it will change almost everything in the longer term. We have lived in a world dominated by the U.S. since at least 1945 and, in many ways, since the late 19th century. And we have lived for 200 years — since the Battle of Waterloo in 1815 — in a world dominated by two reasonably democratic, constitutional countries in Great Britain and the U.S.A. For all their flaws, the two countries have been in the vanguard worldwide in terms of civil liberties, democratic processes and constitutional rights.”

 

 

 

Market Watch has more on the latest (dubious) accomplishment of Barack Obama’s administration 

 

 

 

 

 

 

 

 

 

 

Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama

 

 

 

” Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.

 

 

 

 

  It also means that total US debt to nominal GDP as of Sept 30, which was $17.555 trillion, is now 103%. Keep in mind this GDP number was artificially increased by about half a trillion dollars a year ago thanks to the “benefit” of R&D and intangibles. Without said definitional change, debt/GDP would now be about 106%.

  It also means that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.

  And now we wait for the US to become Spain, and add the estimated “contribution” from hookers and blow to GDP, once again pushing the total debt/GDP ratio below the psychological 100% level.”

 

 

And to think that just three short years ago Obama was speaking of reducing our then $14 trillion debt …

 

 

 

 

 

 

   Heck of a job Barack especially when one takes into consideration the record tax receipts the Federal government has been taking in . Be sure to check out the National Debt Clock . Bookmark it and keep up .

Thanks to Zero Hedge

 

 

 

 

 

 

 

 

 

Whatever Happened To Inflation?

 

 

 

 

” Since 2008, the Federal Reserve has been trying to stave off economic disaster with an unconventional monetary policy tool known as quantitative easing. By buying financial assets from commercial banks and other institutions, the Fed has massively expanded the money supply-quadrupling it since the practice began.

  Many economists, particularly followers of the Austrian school, deplored the practice and predicted that the unprecedented currency and asset price manipulation would lead to huge and damaging price inflation. Reason was among them, declaring on our October 2009 cover: “Inflation Returns!” A group of free market economists were asked: “Has the time come to stockpile canned goods and pick up a wheelbarrow for transporting currency, or should we be afraid of the opposite-a prolonged contraction that causes prices to crash?”

  Six years later, official consumer price index inflation sits at just 2 percent annually from July 2013 to July 2014, the latest period for which figures are available. This is identical to the rate for the previous year.

  We asked four economists and market analysts to revisit what they originally predicted would happen after quantitative easing and assess whether (and why) they were right. Analyst Peter Schiff sticks to his guns, saying that any “claims of victory over inflation are premature and inaccurate. Inflation is easy to see in our current economy, if you make a genuine attempt to measure it.” Economist Robert Murphy believes we are in a “calm before the storm” and is “confident that a day of price inflation reckoning looms.” Contributing Editor David R. Henderson writes that the “financial crisis has brought such major changes in central banking that uncontrolled inflation from discretionary monetary policy is not as great a danger as it once was,” though he remains critical of the Fed’s growing powers. And economist Scott Sumner claims victory for the “market monetarists,” noting that both Austrians and Keynesians have been proven wrong by events, and urging both sides to “take markets seriously.” “

 

Reason has more

 

 

 

 

 

 

 

 

 

Cost Still A Barrier Between Americans And Medical Care

 

Percentage of Americans Putting Off Medical Treatment Because of Cost

 

 

” One in three Americans say they have put off getting medical treatment that they or their family members need because of cost. Although this percentage is in line with the roughly 30% figures seen in recent years, it is among the highest readings in the 14-year history of Gallup asking the question.

  Since 2001, Gallup has asked Americans each November if they have put off any sort of medical treatment for themselves or their families in the past 12 months. Last year, many hoped that the opening of the government healthcare exchanges and the resulting increase in the number of Americans with health insurance would enable more people to seek medical treatment. But, despite a drop in the uninsured rate, a slightly higher percentage of Americans than in previous years report having put off medical treatment, suggesting that the Affordable Care Act has not immediately affected this measure. “

 

Gallup has the details

 

 

 

 

 

 

 

 

 

Ferguson Bakery Vandalized During Unrest Receives $200,000 In Donations

 

 

Natalie's Cakes

 

 

” We have some uplifting news out of Ferguson this morning. Help is on the way for the owner of Natalie’s Cakes and More! On Monday night, those who participated in rioting damaged the shop and the equipment inside.

  Natalie DuBose has invested everything into her business. The windows and other materials that were needed for upcoming Thanksgiving orders were destroyed. However, Natalie says she can’t go anywhere and plans to remain in Ferguson.

  Natalie’s Cakes and More opened its doors in June of this year and Natalie’s dream of owning her own business was fulfilled.

 

  Since her appearance on FOX 2 News on Tuesday, November 25th, two Go Fund Me accounts have been created. In less than 24 hours, over $100,000 was donated to Ms. DuBose to help with repairs.

  Actress Patricia Heaton also donated and urged others to do the same. Natalie sent a special ‘Thank you’ tweet to her supporters after learning about the news.

  If you would like to make a donation please visit: Gofundme.com/Natalie’s Cakes and More Fund or Gofundme.com/Natalie DuBose Riot Recovery.

Previous story: Natalie’s Cakes & More plans to remain in Ferguson

Thanks to Fox2Now

 

 

 

 

 

 

 

 

 

 

Obamacare Offers Firms $3,000 Incentive To Hire Illegals Over

Native-Born Workers

 

 

 

 

 

 

” Under the president’s new amnesty, businesses will have a $3,000-per-employee incentive to hire illegal immigrants over native-born workers because of a quirk of Obamacare.

  President Obama’s temporary amnesty, which lasts three years, declares up to 5 million illegal immigrants to be lawfully in the country and eligible for work permits, but it still deems them ineligible for public benefits such as buying insurance on Obamacare’s health exchanges.

  Under the Affordable Care Act, that means businesses who hire them won’t have to pay a penalty for not providing them health coverage — making them $3,000 more attractive than a similar native-born worker, whom the business by law would have to cover.

  The loophole was confirmed by congressional aides and drew condemnation from those who said it put illegal immigrants ahead of Americans in the job market.

“ If it is true that the president’s actions give employers a $3,000 incentive to hire those who came here illegally, he has added insult to injury,” said Rep. Lamar Smith, Texas Republican. “The president’s actions would have just moved those who came here illegally to the front of the line, ahead of unemployed and underemployed Americans.”

  A Department of Homeland Security official confirmed that the newly legalized immigrants won’t have access to Obamacare, which opens up the loophole for employers looking to avoid the penalty. “

 

Washington Times

 

 

 

 

 

 

 

 

 

Getting Fired Is Mission: Impossible For Federal Bureaucrats In The Obama Era

 

 

 

 

” Federal managers have fired fewer bad employees each year since President Obama took office.

  Fewer than 4,900 career civil servants were fired in fiscal year 2013 out of 1.4 million — about one out of every every 300 employees — according to Office of Personnel Management data.

  The figures were 5,700 in 2010, 5,500 in 2011, and 5,200 in 2012. Only partial data was available for fiscal 2014, but it was on track for 4,800, the lowest in recent memory.

  There are also about 7,700 senior executives in the federal government, who are held to a higher standard than those in the General Schedule rank and file.

  But only five in the Senior Executive Service were fired in 2012, seven in 2013 and none in the first half of 2014.

  Both of Congress’ new top bureaucracy watchers — Rep. Jason Chaffetz, R-Utah, and Sen. Ron Johnson, R-Wis. — have identified the inability to get rid of bad federal employees as a top reform target.”

 

Read more

 

 

 

 

 

 

 

 

 

Poll: Latino Voters Want More, More, More

 

 

 

 

 

 

” A new poll of Latino voters finds that most want President Obama to issue more executive orders to cover all illegal immigrants and protect them from deportation if Congress doesn’t agree to comprehensive immigration reform.

  The Latino Decisions survey found that 73 percent of the 405 registered voters polled want “additional executive orders” to protect immigrant workers not impacted by Obama’s decision last week targeted at four to five million parents facing deportation.

“ We would prefer much more,” said Oscar Chacon, executive director of the National Alliance of Latin American and Caribbean Communities.

  He added that 2016 presidential candidates should be welcoming to immigrants or face a voter backlash. “We will make sure that it is a central issue in the coming election,” he said.

  The poll, conducted on behalf of Presente.org and Mi Familia Vota, also found that 64 percent of the Latino voters know “somebody who is an undocumented immigrant.” Some 42 percent said that they were both a friend and a family member.

  Obama’s move won overwhelming support from those polled, with 89 percent supporting it strongly or somewhat strongly.

“ This 89 percent is the highest and most unified we have ever found,” said Matt Barreto, co-founder of Latino Decisions.

  Republicans took a big hit in the poll, with most, 64 percent, blaming Republicans for inaction on immigration reform. “

 

 

    Given the oft-stated fact that we all came from immigrants at one time or another , which is true , we still cannot recall any of our immigrant fore-bearers either expecting or receiving the kind of special treatment now deemed to be deserved by the latest influx of foreigners . Since when is everyone “entitled” to citizenship ?

More on the Latino Bloc’s ever-growing demands at the Washington Examiner

 

 

 

 

 

 

 

 

 

 

The Fiscal Cost Of Unlawful Immigrants And Amnesty To The U.S. Taxpayer

 

 

Immigration Costs 2013 - Table 4

 

” Unlawful immigration and amnesty for current unlawful immigrants can pose large fiscal costs for U.S. taxpayers. Government provides four types of benefits and services that are relevant to this issue:

  • Direct benefits. These include Social Security, Medicare, unemployment insurance, and workers’ compensation.
  • Means-tested welfare benefits. There are over 80 of these programs which, at a cost of nearly $900 billion per year, provide cash, food, housing, medical, and other services to roughly 100 million low-income Americans. Major programs include Medicaid, food stamps, the refundable Earned Income Tax Credit, public housing, Supplemental Security Income, and Temporary Assistance for Needy Families.
  • Public education. At a cost of $12,300 per pupil per year, these services are largely free or heavily subsidized for low-income parents.
  • Population-based services. Police, fire, highways, parks, and similar services, as the National Academy of Sciences determined in its study of the fiscal costs of immigration, generally have to expand as new immigrants enter a community; someone has to bear the cost of that expansion.

  The cost of these governmental services is far larger than many people imagine. For example, in 2010, the average U.S. household received $31,584 in government benefits and services in these four categories.

  The governmental system is highly redistributive. Well-educated households tend to be net tax contributors: The taxes they pay exceed the direct and means-tested benefits, education, and population-based services they receive. For example, in 2010, in the whole U.S. population, households with college-educated heads, on average, received $24,839 in government benefits while paying $54,089 in taxes. The average college-educated household thus generated a fiscal surplus of $29,250 that government used to finance benefits for other households.

  Other households are net tax consumers: The benefits they receive exceed the taxes they pay. These households generate a “fiscal deficit” that must be financed by taxes from other households or by government borrowing. For example, in 2010, in the U.S. population as a whole, households headed by persons without a high school degree, on average, received $46,582 in government benefits while paying only $11,469 in taxes. This generated an average fiscal deficit (benefits received minus taxes paid) of $35,113.

  The high deficits of poorly educated households are important in the amnesty debate because the typical unlawful immigrant has only a 10th-grade education. Half of unlawful immigrant households are headed by an individual with less than a high school degree, and another 25 percent of household heads have only a high school degree.

  Some argue that the deficit figures for poorly educated households in the general population are not relevant for immigrants. Many believe, for example, that lawful immigrants use little welfare. In reality, lawful immigrant households receive significantly more welfare, on average, than U.S.-born households. Overall, the fiscal deficits or surpluses for lawful immigrant households are the same as or higher than those for U.S.-born households with the same education level. Poorly educated households, whether immigrant or U.S.-born, receive far more in government benefits than they pay in taxes. “

 

Read the entire study at Heritage

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

$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

 

 

 

 

 

 

 

 

 

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