Category: Economy


$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 …

 

 

 

 

 

 

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Jodi Miller Brings Us The Lighter Side Of The News

 

 

 

 

 

 

Published on Dec 15, 2014

” TOPICS:
– House Speaker John Boehner
– Jonathan Gruber
– Al Sharpton
– Prince William
– Senior al-Qaeda Killed
– Hillary Clinton
– President Obama’s Export Council
– Gitmo Prisoners Tortured?

Love NewsBusted and want to receive alerts about new episodes in your
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Starring: Jodi Miller
Production: Dialog New Media “

 

 

 

 

 

 

 

 

 

 

 

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 …

 

 

 

 

 

 

 

Nothing Succeeds Like Liberal Secession: Blue America Without Red America Would Be A Basket Case

 

 

 

” The July 4, 2019, ceremony marking the final dissolution of the United States of America was quite amicable compared to the anger and bitterness of the preceding five years. The 2014 election results created a map clearly defining “Red America” and “Blue America,” and it sparked a debate, unlike any in the last 150 years, over whether the United States should remain united. For many in the leftist coastal states – their progressivism constrained by the overwhelming Congressional advantage of the conservative interior states – the answer was, “No.”

  As liberal thought leader Michael Tomasky wrote of the South, “Practically the whole region has rejected nearly everything that’s good about this country and has become just one big nuclear waste site of choleric, and extremely racialized, resentment…. Forget about the whole fetid place. Write it off. Let the GOP have it and run it and turn it into Free-Market Jesus Paradise. The Democrats don’t need it anyway.”

  Soon, it became an article of faith within the liberal elite that it was not only their party that did not need the rest of America. Blue America itself, they argued, did not need Red America, economically, intellectually or morally. It was not long until newly-elected Governor De Blasio of New York demanded a national convention to discuss a parting of the ways. The President, her health poor and her heart firmly with the Blue America, half-heartedly tried to stop the movement, but more and more high profile Democrat politicians joined the chorus. The President yielded and called for a “national conversation on the way forward as separate nations.” Red America, furious at her continuation of Barack Obama’s rule by decree and interference in its affairs, agreed to attend.

  Two years later, President De Blasio, elected leader of the Democratic States of North America, and President Abbott of the Republic of America, stood together on the platform on the border at St. Louis to sign the Dissolution Pact. The countries split the national debt and apportioned federal assets, while agreeing to temporarily share the currency. They divided the military (along with all nuclear capabilities), but signed a mutual defense agreement. There would be free travel between and through the new nations. “We will remain good neighbors,” President De Blasio remarked, “Even if we are no longer brothers, sisters, or differently-gendered siblings.” President Abbott politely maintained a poker face.

  Of course, back home in the Blue America’s capital, New York City, President De Blasio was less charitable. “We are no longer held back by the reactionary, racist policies of the past,” he thundered. “Together, we will build a new dawn of progress that places people before profits and promotes peace instead of perpetual war!” Blue America – New England and the mid-Atlantic seaboard, back through Ohio, Indiana and Illinois, the West Coast and Hawaii, immediately set to drafting a new constitution. It featured 216 new affirmative rights, including “the right to a living wage,” “the right to abortion upon demand at government expense,” and “the right to define one’s own life experience in terms of race and gender.” Embarrassingly, the rights to free speech and the free exercise of religion did not make the leaked initial draft; they were hastily added, but there was no right to keep and bear arms. In fact, the first law the new People’s Assembly passed was to confiscate all privately-owned weapons. The second was to legalize all illegal aliens, and the third to triple welfare payments.

  Red America reaffirmed the United States Constitution. Then the Congress began a review of all existing laws, statutes and regulations, repealing thousands of them. It also limited social spending dramatically, making known the expectation that able-bodied adults would support themselves and their families. The resulting non-military federal government in Red America was about one quarter the size of Blue America’s.

  The world was unsure how to deal with the new reality. The international elite and its lapdog media quickly took to portraying Red America with the same kind of venom as Blue American liberals. President De Blasio was taped at a private confab at the United Nations – which remained in New York – telling the foreigners that Blue America, “feels a greater kinship to our progressive friends in Europe than those redneck, racist, Jesus freaks next door.”

  Red America stopped paying its UN dues and sent John Bolton to be its ambassador. After Israel, Red America became the most investigated and censured of any UN member state.

  Blue America had little use for the military it inherited. Though the Pact had stipulated that both new nations would maintain a certain level of combat readiness, in Blue America the services were first in line to be cut. Forced to meet America’s defense needs alone, Red America slashed non-military spending and instituted two years of mandatory military service for every citizen as the only way to meet the need for manpower.

  Many left Red America, some to avoid the draft and a larger number to collect the enhanced welfare benefits Blue America was giving away. Yet, many more came in from Blue America. By casting off useless regulations and cutting taxes (Blue America’s “Fair Share Act” increased the top income tax rate to 74.5% on earnings over $250,000), Red America unleashed a whirlwind of economic activity. Red America, already prosperous, grew even richer.

  Fracking was outlawed in Blue America; Red America became the world’s number one petroleum exporter. Blue America laws banning nuclear and coal power led to the “Kentucky Line” of coal plants running parallel the state’s northern border with Blue Ohio, selling Blue America the power it refused to generate itself. The ban on GMO crops and many pesticides cratered Blue American food production, a void Red American farmers were happy to fill. All the while, Denver, Dallas, Atlanta and other cities grew their own tech and entertainment industries built on refugees from Silicon Valley and Hollywood looking for an environment where success was not penalized. Red America began to supply itself with what Blue America used to provide.

  Blue America’s deficit exploded even as Red America balanced its budget, per the one new amendment it had added to the Constitution. But Red America’s budget was strained when the nation had to send its military to support Israel after the Jewish state came under massive attack for destroying Iran’s nuclear weapons program. Blue America not only refused to assist, but refused to let Red forces use its bases or ports. The rumors that Red American pilots in B-2 bombers and F-22 fighters flew many of the original anti-nuke missions over Iran alongside the Israeli Air Force were never confirmed.

  With its economy slowing to a standstill, and riots erupting in Chicago and Philadelphia, the liberal ruling elite found itself a convenient scapegoat for Blue America’s woes – its neighbor. “Red plants pollute our skies, Red corporations exploit the land, and Red bankers steal our wealth!” Vice President Warren charged. “We need to fight back against the Red wreckers!”

  The middle class and job creators were abandoning Blue America for opportunities in Red America, and they were taking their money with them. Hundreds of billions of dollars flowed out of Blue America into its neighbor. Frustrated by Red America’s refusal to provide banking information on these “tax cheats” – or to allow Red tax officials to collect unpaid taxes deposited in Red banks – Blue America breached the Dissolution Pact by outlawing the free transit of people and currency into Red America.

  Red America was hardly blind – it saw the trends long before Blue America would admit to itself that it was headed toward disaster. Red America expected the migration and had already ensured that Blue newcomers would not be allowed to vote into effect the same liberal policies they had abandoned by requiring all aspiring citizens to serve their military obligation before being allowed a ballot. Few did, and the “Heinlein Act” succeeded by ensuring that every voting Red American citizen had “skin in the game.”

  When Blue America broke the Pact by securing the internal borders and barring its citizens’ exit, Red America acted – quietly. Within 24 hours, its forces were manning the border too, turning back every truck and train carrying food or fuel into Blue America. At the same time, every power station feeding Blue America went offline. Then Red America waited.

  It took 12 days, seven less than President Abbott’s National Security Council had estimated, before President De Blasio used the hotline to call and cave. There had been a lot of talk in the New York Times and other Blue media about surviving on “alternative power” and “utilizing green growing techniques in urban spaces” to meet the country’s energy and food needs. But it was early November, and it was cold. The grocery store shelves went bare with terrifying speed. The limousine liberals would always be warm, well-fed and safe in their gated communities, but no one else would be. The lie that was the liberal promise was there for all to see.

“ Sure, Mr. President, we can talk about going back to how it was,” President Abbott said gently. “You’ll be honoring our deal from here on, right? Good. Oh, and I’m going to need you to do one more thing for me. No, it’s nothing too big. Just an apology. By you, on live television, with no hedging, about how sorry you and your friends are for those unkind things you said over the years about us redneck, racist, Jesus freaks who feed you, fuel you and keep your sorry asses safe. Oh, I’m serious as a heart attack. Well, I’ll look forward to watching it. Good-bye now, and God bless y’all.”

 

Thanks to Kurt Schlichter and Townhall for this great article

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Beware Of Rosy Job Numbers

 

 

” Don’t be fooled by the everything’s-coming-up-roses coverage that the national news media gave the Obama administration’s job numbers last week.

  The news headlines said the Obama economy created 321,000 jobs last month, according to the U.S. Bureau of Labor Statistics. But a little closer examination of the other numbers, buried in the bureau’s report, tells a far sadder story.

  A large share of the nonfarm employment figures were low-paying, part-time jobs among Americans who the bureau refers to as “involuntary part-time workers.” They’re people “who would have preferred full-time employment” but were “working part time because their hours had been cut back or because they were unable to find a good full-time job,” the government said.

  There were seven million of these people for whom life in the dreary Obama economy has changed very little, and their numbers “changed little in November,” the bureau said deep into its report.

  If the number of jobs rose by 321,000, shouldn’t the unemployment percentage have fallen in November? No, the number of jobless Americans “was little changed at 9.1 million” and the 5.8 percent rate didn’t budge.

  Did you hear it put just that way on the nightly network news shows last week? No? I didn’t think so. But it gets worse.

The unemployment rate for adult men actually “rose to 5.4 percent in November,” BLS said. And the jobless rates for adult women (5.3 percent), working age teenagers (17.7 percent), blacks (11.1 percent), and Hispanics (6.6 percent) showed “little change over the month.” “

 

Read more

 

 

 

 

 

 

 

 

 

 

“Riddles” Surround 36th Dead Banker Of The Year

 

 

 

 

” 52-year-old Belgian Geert Tack – a private banker for ING who managed portfolios for wealthy individuals – was described as ‘impeccable’, ‘sporty’, ‘cared-for’, and ‘successful’ and so as Vermist reports, after disappearing a month ago, the appearance of his body off the coast of Ostend is surrounded by riddles…

Tack disappeared on November 5th… 

 

  Impeccable. Sporty. Cared for. Successful. Just some qualifications that are attributed to the 52-year-old from the Belgian Geert Tack Haaltert.

  Geert Tack worked as a private banker for ING and managed portfolios of wealthy clients. The Belgian had a lot of respect in the financial world and was known as an up and top professional. His sudden disappearance was also smashed like a bomb. “If Tack himself was having trouble he has managed to keep it well hidden”, say colleagues.

  Nobody then could have guessed that the man would not return on Wednesday, November 5th to his wife in their villa Vondelen.

and was found dead this weekend off the coast of Ostend… 

  On December 3, the body was found on the coast of Ostend and removed from the water. The prosecutor confirmed today that it is Geert Tack, but it is still awaiting further results of the autopsy for the exact cause of death. The results of toxicological testing are not yet known.” “

   Tyler Durden has more on the latest banker to die under mysterious circumstances , you can read our previous posts on the matter here and here and below is a complete list of 2014 casualties …

 

 

” This is the 36th Dead Banker of the year (via Beforeitsnews):

1) David Bird, 55, long-time reporter for the Wall Street Journal working at the Dow Jones news room
2) Tim Dickenson, a U.K.-based communications director at Swiss Re AG
3) William Broeksmit, 58, former senior manager for Deutsche Bank
4) Ryan Henry Crane, age 37, JP Morgan
5) Li Junjie, 33, Hong Kong JP Morgan
6) Gabriel Magee, 39, age JP Morgan employee
7) Mike Dueker, 50, who had worked for Russell Investments
8) Richard Talley, 57, was the founder and CEO of American Title (real estate titles)
9) James Stuart Jr. 70, Former National Bank of Commerce CEO was found dead in Scottsdale, Ariz
10) Jason Alan Salais, 34 year old IT Specialist at JPMorgan since 2008
11) Autumn Radtke, 28, CEO of First Meta, a Singapore-based virtual currency trading platform
12) Eddie Reilly, 47, investment banker, Vertical Group, New York
13) Kenneth Ballando, 28, investment banker, Levy Capital, New york
14) Joseph A. Giampapa, 55, corporate bankruptcy lawyer, JP Morgan Chase
15) Jan Peter Schmittmann, 57, voormalig topbestuurder ANB/AMRO, Laren, Nederland
16) Juergen Frick, 48, CEO Bank Frick & Co AG, Liechtenstein
17) Benoît Philippens, 37, directeur BNP Parisbas Fortis Bank, Ans, België.
18) Lydia…, 52, bankier Bred-Banque-Populaire, Parijs
19) Andrew Jarzyk, 27, bankier, PNC Bank, New York
20) Carlos Six, 61, Hoofd Belastingdienst en lid CREDAF, België
21) Jan Winkelhuijzen, 75, Commissaris en Fiscalist (voormalig Deloitte), Nederland.
22) Richard Rockefeller, 66, achterkleinzoon elitebankier John D. Rockefeller, Amerika
23) Mahafarid Amir Khosravi (Amir Mansour Aria), 45, bankeigenaar, zakenman en derivatenhandelaar, Iran
24) Lewis Katz, 76, zakenman, advocaat en insider in de bancaire wereld, Amerika
25) Julian Knott, Directeur Global Operations Center JP Morgan, 45, Amerika
26) Richard Gravino, IT Specialist JP Morgan, 49, Amerika
27) Thomas James Schenkman, Managing Director Global Infrastructure JP Morgan, 42, Amerika
28) Nicholas Valtz, 39, Managing Director Goldman Sachs, New York, Amerika
29) Therese Brouwer, 50, Managing Director ING, Nederland
30) Tod Robert Edward, 51, Vice President M & T Bank, Amerika
31) Thierry Leyne, 48, investeringsbankier en eigenaar Anatevka S.A., Israël
32) Calogero Gambino, 41, Managing Director Deutsche Bank, Amerika
33) Shawn D. Miller, 42, Managing Director Citigroup, New York, Amerika
34) Melissa Millian, 54, Senior Vice President Mass Mutual, Amerika
35) Thieu Leenen, 64, Relatiemanager ABN/AMRO, Eindhoven, Nederland
36) Geert Tack, 52, Private Banker ING, Haaltert, België “

 

 

Zero Hedge

 

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

Anonymous Take Down Ft. Lauderdale’s Site For Anti-Homeless Laws

 

 

 

” The hacktivist group Anonymous is no fan of Fort Lauderdale’s new laws targeting the Florida city’s homeless population, and they took down multiple city websites to prove it.

  Using a denial-of-service attack, Anonymous was able to crash two websites and the city’s email service on Monday, the Sun-Sentinel reported. The main city website, fortlauderdale.gov, was taken down for hours, as was the police department website.

  Mayor Jack Seiler told the newspaper that all systems were back online around 6:30 p.m. local time, though sporadic problems were reported. Residents looking to pay utility bills were also denied during the outage.”

 

We Are Anonymous

We Are Legion

We Do Not Forgive

We Do Not Forget

Expect Us

 

Russia Today

 

 

Update: Broward Circuit Judge Thomas Lynch has issued a stay on Ft Lauderdale’s anti-homeless feeding laws :

 

” A judge ordered Fort Lauderdale on Tuesday to temporarily stop enforcing a new law than restricts the feeding of homeless people, intervening in a controversy that has brought the city a storm of negative international attention.”

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Courtesy Of Natasha Zouves 10News

 

 

” Take a look at this video from this morning, I was tense watching this unfold and escalate.

  Many of the drivers who were stopped on the NB I-5 this morning by Ferguson protesters were irate- but one man was so angry, he pushed one of the protesters and stole his bullhorn.

  The man’s name is Tyree Landrum, he’s a Ross employee and also told us this: “I got to go to Ross right now, homie. If I don’t get there, I’m going to get fired. I’ve got six f****** kids to feed, homie … m*****f****** get shot every f****** day. Deal with it the right way, not like this.”

See the story here: http://bit.ly/1y2SRlj “

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

 

 

 

 

 

 

 

 

 

Ferguson Woman Slams Protesters: They’ve Ruined The Community, It Will Now Be A ‘Ghost Town’

 

 

 

 

 

 

 

” Following the announcement that Officer Darren Wilson would not be indicted by a Missouri grand jury, riots broke out in the city of Ferguson, MO.

  Sara Sidner of CNN interviewed one local resident, who expressed her concern for Ferguson’s future.

“ I mean, this is crazy,” the resident said.  “I mean, the business didn’t do anything. If they were going to do something, get the right people, if they have to do it.

  When asked what she thought would happen to her community, the resident was pessimistic.

“ They’re not going to rebuild,” the resident said. “It’s going to be like a ghost town pretty soon.” “

 

Thanks to Washington Free Beacon

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

Obama’s Next Step: Government Task Force For ‘New Americans’

 

 

 

Fears that President Obama would attempt to assimilate immigrant communities into a new America that entrenches multiculturalism and acceptance of large government—in other words, an America that differs in important ways from the country we once knew—are being sadly confirmed.

  The White House on Friday quickly followed the president’s controversial executive order by announcing the formation of a task force that in fact attempts to do just that.

  The presidential memorandum states:

  Our success as a Nation of immigrants is rooted in our ongoing commitment to welcoming and integrating newcomers into the fabric of our country. It is important that we develop a Federal immigrant integration strategy that is innovative and competitive with those of other industrialized nations and supports mechanisms to ensure that our Nation’s diverse people are contributing to society to their fullest potential.

  Therefore, I am establishing a White House Task Force on New Americans, an interagency effort to identify and support State and local efforts at integration that are working and to consider how to expand and replicate successful models. The Task Force, which will engage with community, business, and faith leaders, as well as State and local elected officials, will help determine additional steps the Federal Government can take to ensure its programs and policies are serving diverse communities that include new Americans.

  The insistence on diversity is not happenstance. The president clearly does not seek E Pluribus Unum, but to entrench the balkanized America and the “minority vs. majority” discourse that has governed the nation’s thinking since the 1970s.”

 

Daily Signal

 

 

 

 

 

 

 

 

 

What Food Banks Need Most (And What They Get Too Much Of)

 

what food banks need most

 

 

” Is there a food drive going on near you? Every day for the last week, our kindergartener has loaded up her purple backpack with groceries for her class’s food drive. Boxes of whole-grain pasta and jars of tomato sauce, brownie mix and canola oil, all easier-to-make versions of meals I regularly fix for our family. But I got to thinking, are these really the most useful things to donate?

  When we lived in Rome, there was an immigrant woman who used to sit on a plastic crate outside the grocery store. She wore a shawl around her shoulders and scarf on her head. Sometimes her daughter would be there too, a girl about eight years old with long dark hair. Almost always I’d be pushing our big blue double stroller, two apple-cheeked American toddlers in tow. Almost the woman or child would ask for food, pleading in Italian.

  Yes, I’d nod. I’ll help. At least I’ll try. 

  Not speaking Italian well enough to understand the details of their situation, not to mention the complexities of the Italian social system, I’d do what I thought was best. Pick up a few things they could eat right then, plus a few dinner items to take home. Ready-made sandwiches, bottles of milk, string cheeses and fruit. For later, pasta (it was Italy after all), tomatoes, maybe a sliver of Parmigiano-Reggiano cheese, the good stuff. It was the best I could do without knowing anything about them. Did they have electricity? Any food allergies? I’ll never know.

  But now we’re in North Carolina and I can do more. A lot more. Today I spoke with two sources, the Food Bank of Central and Eastern North Carolina plus two staffers at The Salvation Army food bank in Durham. Here’s what I learned.

 

WHO GOES TO A FOOD BANK

  Picture a homeless man, an elderly woman or a single mom with three kids but not just babies: a toddler, a second grader and a fourteen-year-old. Maybe they live in an apartment and receive food stamps on a monthly basis, maybe it’s about $200 worth. With food stamps, there are restrictions on what they can buy at the store and almost always, they’ll run out anyway. That’s why they’re at the food bank. The electricity may have just been turned off. There might not be water. Or maybe there’s no apartment at all. Many are in crisis, living in hotels or on the street.

 

WHAT FOOD BANKS NEED MOST (AND WHAT THEY GET TOO MUCH OF)

  Storage space is often in short supply at food banks, so prioritization is key.

  1. Canned meats: Think beyond tuna & soup, which food banks get tons of. Instead go for canned beef, canned ham, canned chicken, canned salmon. Or hearty ready-to-go meals like beef stew and chili with meat.
  2. Canned vegetables: Everyone donates green beans. Instead, give potatoes, carrots, spinach, peas or any other veggies your family likes.
  3. Canned fruit: Not pineapple. This is the most commonly donated fruit. Any other fruit, particularly those in fruit juice without extra sugar, would be great. Dried fruit works too (raisins, etc.)
  4. Boxes of rice (bags can tear)
  5. Low-sugar cereal like plain Cheerios or Raisin Bran
  6. Peanut butter
  7. Instant oatmeal, instant grits
  8. Cans of beans
  9. Pasta, pasta sauce
  10. Biscuit mix, or any mix you only add water to
  11. Cans, cartons or boxes of powered and evaporated milk
  12. Snack items for kids to take to school: juice boxes, applesauce containers, granola bars
  13. Diapers in sizes above newborn, plus wipes
  14. Toiletries: toothbrushes, soap, toothpaste, lotion, shampoo & conditioner, Chapstick (consider someone living outside this time of year)
  15. Feminine hygiene products: unscented pads will be most universally used, not tampons
  16. Spices like cinnamon, oregano, basil, salt, pepper
  17. Sliced bread. It’s got a long shelf life but always goes immediately.
  18. Bags of apples or potatoes. Ditto.
  19. Chocolate. It’s not a necessity but just a pick-me-up that I would sure appreciate, especially when it comes time to fill stockings.
  20. Consider donating reusable shopping bags. It takes a lot of humility for people to come to a food bank and since they’ll likely be walking home or taking public transportation, it’s nice to at least blend in.

 WHAT I DIDN’T REALIZE ABOUT FOOD BANKS

  • A lot of people have diabetes in this group. Consider low-sugar dietary restrictions.
  • Some food banks have a recording (or a live person) who will explain their top needs of the moment by phone.
  • Cans and boxes are sturdier than bags. By the time families are receiving the food, it’s been handled A LOT and packaging needs to be strong enough to hold up. One food bank said never bring anything in glass, ever.
  • Pop-top cans are ideal; particularly for those living on the streets.
  • Think about weekends and school breaks. Kids who qualify for free lunches typically receive breakfast at school too and when schools are out for holidays or summer, these families need more support.
  • Many families are in crisis at this time in their lives and food banks often work in tandem with churches or other non-profit programs to get them back on their feet. The Salvation Army in Durham, for example, coordinates with First Baptist Church’s “Jobs for Life” program. Recipients get interview training and in some cases, a ride to the mall where they’re coached on asking for job applications.

  These are the top priorities for the food banks I spoke with in my area. But there are still plenty of other things to give–and keep in mind what’s needed here might vary from your area, and definitely from season to season. “

 

Thanks to Foodlets.com

 

 

 

 

 

 

 

 

 

 

 

This Tiny Engine Could Make Leaf Blowers Sound Less Like Jets

 

 

 

 

 

 

” Big engines like the 707-horsepower monster Dodge put in the Challenger Hellcat or Volvo’s little four-cylinder that makes 425 ponies get all the attention these days. But there are millions of tiny engines doing tiny things (think garden trimmers, leaf blowers, that sort of thing) that we never give much thought to. But just as there are engineers pondering how to make big engines more powerful, so too are there engineers pondering how to make tiny engines more powerful.

   Some of those engineers work at the engine development firm LiquidPiston, which has created a 70cc pistonless rotary engine that it expects to produce five horsepower at an astounding 15,000 RPM—in a package 30 percent smaller than a  similar piston engines. Now, five horsepower doesn’t sound like a lot, but it’s more than adequate for the applications such an engine might be used in. And further refinement of the prototype could, of course, bring more power.

  What’s more interesting is how those five ponies are produced. “

 

Read more at Wired

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

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