Category: Economy


Atlas Shrugged: The Movie

 

 

Atlas Shrugged Part 3

 

 

 

 

   We are all John Galt now … Here is a link to the official movie site and here is a link to theaters hosting the premiere 

 

 

 

 

 

 

 

 

 

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Hamptons Residents Shocked After Finding Ku Klux Klan Pamphlets

 

 

KKK Hamptons

Click Pic For Video

 

 

 

” Some homeowners in the Hamptons are puzzled and angry after finding recruitment pamphlets for the Ku Klux Klan at their homes.

  As CBS 2’s Jennifer McLogan reported Tuesday, Fernando Alvarez said he found the fliers under his Hampton Bays door. His family was left wondering if they were targets of the hate group, or if the leafleting was random.

“ We were really shocked that … in this area we can have KKK,” Alvarez said.

  Hampton Bays, the town of Southampton’s most populous hamlet, has 13,000 residents — 30 percent of whom are Hispanic.”

 

CBS New York

 

 

 

 

 

 

 

 

 

The Best School Supplies

 

 

” It’s that time of year again—time for parents to wipe away tears of joy as they take household freedom back from the tyranny of teenagers. Just kidding. It’s an exciting but busy time of year for those going back to school (or going away to school for the first time), which can lead to frustration when deciding what’s actually necessary for things like cleaning, dorm life, electronics, food prep, class items, and even elementary school needs.

  Most back-to-school guides are full of gear students can’t afford or shouldn’t even consider in the first place. We decided to continue the tradition of publishing a researched list of the basics for a student’s home, backpack, and lecture hall. Some of our picks stem from the over 50 hours spent on fresh research and testing for this guide, while others are from full-length guides that we’ve specifically filtered for the student set.

  Remember, you may have some of this stuff already—don’t buy anything you don’t need. It’s a better idea to put that money towards student loans or trips back home during the holidays.”

 

 

 

 

 

 

 

 

 

 

 

 

 

Mexico Protests Texas National Guard Troops On US Border

 

 

 

 

 

 

” Mexico’s foreign ministry late Friday protested Texas Governor Rick Perry’s deployment of National Guard troops to the southern US border to halt the surge of child migrants.

  Mexico “reiterates, in a firm and categorical way, its rejection of this measure,” read a statement from the foreign ministry.

No circumstance at all or change in border security exists that justifies this measure taken by the state.”

  The troop deployment “does not contribute in any way to solving the immigration problem,” and is inconsistent with US-Mexico talks aimed at “building a modern, prosperous and safe border,” the statement read.

  On Thursday Perry deployed some 1,000 National Guard troops to the border with Mexico.

  National Guard troops are soldiers under the authority of the state governor. They cannot detain undocumented migrants, which is a federal responsibility, but they can take over some duties that allows more US Border Patrol agents to monitor the borderline.”

 

Yahoo News

 

 

 

 

 

 

 

 

 

Does George Soros Know Something We Don’t About The S&P 500?

 

 

 

 

” Oh, goody. It’s 13F time, when mere mortals like us get to see how the big boys rolled the dice in the last quarter.

  Among the highlights, Soros Fund Management increased a bear-call bet on the S&P 500 in a huge way. The fund lifted a put position — a bet the market will go lower — on the S&P 500 ETF SPY +0.29% to its biggest size yet, in terms of value and portfolio percentage, making a 605% leap over the previous quarter.

  Bullion Baron, who has long kept a beady eye on Soros’s SPY moves, has summed up the latest dealings. He speculated that this could be  a hedge — or Soros is really worried about something. One possible something is China, which the hedge-fund titan referred to as a global uncertainty earlier in the year, notes the Baron.

  Soros also lifted positions in Apple and Facebook, so it seems he can’t be all that gloomy. As for that China unease, WSJ’s MoneyBeat reports that China bears are entrenched and see stocks headed for a big fall. One strategist says it’s not good to see that stocks there have been rallying on both good and bad economic news.

“ In [a] market frenzy, it is difficult to keep a cool head. But if things don’t add up, it will eventually fall apart,” Hao Hong, Bank of Communications international strategist, tells MoneyBeat.

  Now the only problem here, says the Baron, is that if things go pear-shaped in China, that’s not great news for equity markets anywhere, especially those at overvalued levels.”

 

 

Read more and see also …

 

 

” Legendary investor George Soros nearly doubled his ownership in a U.S. gold mining companies ETF and initiated new stakes in other gold producers, suggesting the big names in hedge funds continued to have confidence in the yellow metal. “

 

 

 

 

 

 

 

 

 

Government Has No Receipts For Thousands Of Unaccompanied Alien Children

 

 

 

 

” The Department of Justice does not have receipts for more than half of the unaccompanied alien children apprehended at the southwest border by Border Patrol since the start of fiscal year 2013, government records show.  

  U.S. Customs and Border Protection data show more than 85,000 total apprehensions of unaccompanied alien children during fiscal year 2013 and fiscal year 2014 through June. Information from the same time period provided toNational Review Online by the DOJ’s Executive Office for Immigration Review shows 41,592 total receipts marked as juvenile in immigration courts. Kathryn Mattingly, spokesperson for EOIR, tells NRO the receipts refer to new Notices to Appear (NTA) — the document the Department of Homeland Security uses to charge an illegal immigrant with being removable from the United States.”

 

National Review

 

 

 

 

 

 

 

 

 

Census Bureau: One New Migrant Enters U.S. Every 40 Seconds

 

 

Populous Nations

 

 

 

” The Census Bureau calculates that one person enters the United States legally, on net, every 40 seconds.

  The Census Bureau’s U.S. and World Population Clock lists  “components of population change” on the website: “one birth every 7 seconds;” “one death every 13 seconds;” “one international migrant (net) every 40 seconds;” making for a “net gain of one person every 12 seconds.”

  The Census provides some background on the immigration debate in the United States on August 3rd, apropos of the 131st anniversary of the law banning people from immigrating to the United States if they were likely to need government assistance. “

 

The Corner

 

 

 

 

 

 

 

 

 

 

Many Americans Renounce Citizenship, Hitting New Record

 

 

 

” It may seem like a drop in the bucket, especially when droves want to immigrate to America. Still, the newly published names of individuals who renounced their U.S. citizenship or terminated long-term U.S. residency is up, with 576 for the quarter and 1,577 so far this year. The growing trend is a sad one as Record Numbers of Americans Are Renouncing Their U.S. Citizenship.

  For all the immigrant arrivals, the trickle the other direction is becoming more pronounced. The tally was 2,999 for all of 2013, a 221% increase over the 932 who left in 2012. The Treasury Department is required to publish a quarterly list, a kind of public outing putting Americans on notice of who relinquished their rights. Consular expatriations, where people don’t file exit tax forms with the IRS, are apparently not counted.

  Indeed, the Treasury Department’s published list states explicitly this is just those about whom the Secretary of the Treasury has data. It means these numbers are under-stated, some say considerably. Although tax law used to impact how one is taxed on departing the U.S., is no longer relevant why someone expatriates.”

 

Forbes has more

 

 

 

 

 

 

 

 

Part 1 From Victor Wendl At Seeking Alpha

 

 

 

 

 

” Ayn Rand wrote an influential book, Atlas Shrugged, in the ’50s that seems to resurface in popularity with each new wave of government intrusion on the lives of our overregulated, overtaxed citizens. The book describes a world that was on a slow but steady path toward ever more central planning by meddling bureaucrats interfering with the entrepreneurial class who relied on one another for their production of output. As the pages of the book are turned, this “road to serfdom” (a phrase I borrow from Friedrich Hayek) reaches a peak with the last of a small subset of productive entrepreneurs dropping out of their respective professions and sealing themselves off in a secret location created by John Galt. Their isolation from government interference in Galt’s secret hideaway was designed to allow this subset of creative, hard-working individuals to pursue their dreams and live in a rational way, trading value for value with one another. The vision of Galt in his hidden refuge is consistent with the Ayn Rand objectivist philosophy that she advocated her entire life as an immigrant to America from the Soviet Union.

  Rand never wrote a sequel to Atlas Shrugged, but I wonder where she would pick up after the first novel ends. We’re left with John Galt and his band of entrepreneurial cohorts waiting to eventually reenter the failed utopia created by central planners. Taking a peek out of his libertarian lair, I wonder what Galt would think of America today. Some of the current dismal economic statistics seem consistent with the world Ayn Rand created in her fictional novel. The latest Census Bureau figures show a larger percentage of people receive some form of means-tested public assistance than work full-time. Would this be a rock-bottom entry point where Galt and his band of entrepreneurial cohorts can once again return to the world and begin rebuilding America based on principles of limited government and free markets? Not quite yet. One last worn-out shoe has yet to drop: the U.S. stock market.

  Unlike the beaten-down real economy, activity on Wall Street continues to flourish. Large banks and their institutional clients have benefited from the artificial stimulation promulgated by the Federal Reserve. By keeping interest rates near zero percent for the last five years, middle-income families receive next to nothing off their life savings, while institutional clients can borrow money at bargain rates from large banks. In a classic example of crony capitalism, banks have rewarded their institutional clients with cheap loans, enabling them to use borrowed money and speculate on stocks, driving valuations to levels not seen since before the bank bailout in 2008. The governor of the Bank of England recently commented that “banks operated in a privileged heads-I-win-tails-you-lose bubble.[i] I believe Galt would be disgusted at this unintended consequence of government intervention that is driving a wedge between the elite on Wall Street and the average American struggling to make ends meet on a beleaguered Main Street. If Galt were a stock investor, would he trade in some of his gold for fiat currency, cozying up to this collection of institutions buying large-cap stocks on margin? At these nosebleed valuation levels, Galt would probably “flip the bird” at Mr. Market before sliding back into his hidden sanctuary until greener pastures emerged in the equity investment arena. Galt strikes me as the kind of independent investor that would keep his libertarian powder dry until the current statist experiment ran its complete course, waiting patiently to scoop up the right kind of stocks at a great price. Assuming the skeleton infrastructure of an organized stock exchange still remained on the day of Galt’s return to the investment arena, what stocks would he select from the rubble left on the corner of Broad and Wall? A review of the character’s profile might give us a few clues. Let’s go through a few stock categories I believe John Galt would avoid. Buying large company stocks would probably be out of the question for Galt. In the recent past, these stocks were the economic football the large institutions speculated on with borrowed money. As already mentioned, savers deposited hard-earned money in their bank accounts and received close to a zero percent interest rate, while money was loaned out in a speculative frenzy to the bank’s institutional buddies. Adding insult to injury, not only do retirees earn about the same interest rate as preppers get off of canned goods stored in their bomb shelters, their principal is being debased from continuous quantitative easing by the Federal Reserve. The stench coming off this large-cap football used by highly leveraged institutions in stock speculation would be too much for Galt to muster a bid order. “

 

 

Read it all

 

 

 

 

 

 

 

 

 

 

Time Offers Readers The Opportunity To Vote For First Woman On The Dollar Bill

 

 

Woman Dollar Bill Poll

 

 

 

” Eleanor Roosevelt? Harriet Tubman? Beyoncé? Cast your vote in the poll below.

  Is it time to put a woman on our paper currency? President Obama went on record today saying it’s a “pretty good idea.” During a speech in Kansas City, Obama said he received a letter from a young girl asking why there aren’t any women on American paper money. (Dollar coins with Susan B. Anthony and Sacagawea are still in circulation, but they are no longer being minted, and Martha Washington appeared on a paper note in the 19th century.)

  Well, if Congress is taking suggestions… who do you think should get the honor? Take our poll: “

 

 

    Two things strike us about this poll … firstly that Ayn Rand Is the runaway leader but even more-so the fact that Time Inc included her in the first place . Ayn Rand rocks … Go cast your ballot . We don’t imagine that these are the results that either Obama or Time had in mind .

 

 

 

 

 

 

 

 

 

 

 

Robotic Suit Gives Shipyard Workers Super Strength

 

 

RoboShipbuilder <i>(Image: Daewoo)</i>

 

 

 

” Workers building the world’s biggest ships could soon don robotic exoskeletons to lug around 100-kilogram hunks of metal as if they’re nothing.

  At a sprawling shipyard in South Korea, workers dressed in wearable robotics were hefting large hunks of metal, pipes and other objects as if they were nothing.

  It was all part of a test last year by Daewoo Shipbuilding and Marine Engineering, at their facility in Okpo-dong. The company, one of the largest shipbuilders in the world, wants to take production to the next level by outfitting staff with robot exoskeletons that give them superhuman strength.

  Gilwhoan Chu, the lead engineer for the firm’s research and development arm, says the pilot showed that the exoskeleton does help workers perform their tasks. His team is working to improve the prototypes so that they can go into regular use in the shipyard, where robots already run a large portion of a hugely complex assembly system.

  The exoskeleton fits anyone between 160 and 185 centimetres tall. Workers do not feel the weight of its 28-kilogram frame of carbon, aluminium alloy and steel, as the suit supports itself and is engineered to follow the wearer’s movements. With a 3-hour battery life, the exoskeleton allows users to walk at a normal pace and, in its prototype form, it can lift objects with a mass of up to 30 kilograms.”

Read more at New Scientist

HT/Gizmodo

Human Events

 

 

 

 

 

Just another of those sad/funny realities that have become so prevalent in Obama’s Amerika that leave the thinker wondering whether to laugh or cry .

 

 

 

 

 

 

 

About Halfway Through This Video It Becomes Obvious Why Bank’s New Ad Has Received Almost 3 Million Views in Just Days

 

 

 

 

 

” TD Canada wanted to say thank you to their customers this year in a way they felt was “unique and distinctive.”

“We thought we’d really kick it up a notch,” said Chris Stamper, SVP corporate marketing at TD Canada Trust.

  And that they did.

  The bank posted a video online showing them morph an ATM machine into what they called an “automatic thanking machine,” stunning pre-selected customers by dispensing a unique gift to each of them.

  But the bank wasn’t finished yet. The video has undoubtedly gone mega-viral because of what happens in the second half. That’s when the bank kicked it up several notches and delivered an additional, heartfelt gift to each of the customers.”

 

The Blaze

 

 

 

 

 

 

 

 

 

 

Work At Reason!

 

 

 

 

 

” Reason is growing, and we’re looking for talent across the board – journalism, policy research, operations and fundraising. All listings are for salaried positions with benefits, and we are open to telecommuters and to new staff for our Los Angeles or Washington D.C. offices. Help us find the best talent around – share this post!

For more information, visit www.reason.org/about/jobs, or click on the links below. 

News Curator Reason.com is looking for a libertarian news-hound to help curate theReason 24/7 news feed. News curators will spend their days tracking the latest and greatest happenings all over the world, selecting news most relevant to liberty, and serving it up to the Reason.com audience. 

Editors and Writers  Reason magazine and Reason.com seek talented journalists to add to our team. We are accepting applications from writers and editors at all levels of experience who have a strong interest in covering and promoting free minds and free markets. 

Copyeditor Do you have a strong opinion about the Oxford comma? Is proper capitalization important to you? Do you love free minds and free markets? Come copyeditReason!

DC Reporter Reason.com is looking for a libertarian political junkie to cover Capitol Hill and beyond. The reporter would be responsible for covering the actions and words of “liberty movement” politicians on Capitol Hill, and important political news of the day, especially issues of particular interest to libertarians, such as Obamacare, federal spending, debt, war, civil liberties, criminal justice reform, the drug war, elections, etc.

Searle Film Fellowship at Reason TV  Reason TV—the online video journalism project of the Reason Foundation—is seeking talented individuals interested in advancing the message of free minds and free markets through video journalism and related multimedia productions. 

Major Gifts Officer  Are you friendly and outgoing? Do you enjoy meeting new people who share your passion for liberty? Well then, Reason Foundation has a challenge for you! We’re looking for a Major Gifts Officer—someone who can help us build strong relationships between Reason and our generous supporters, introduce new supporters to Reason, and help us work with our friends to strengthen our financial position. 

Development Associate  Reason Foundation is looking for a Development Associate to join our fundraising team. If you’re looking to jumpstart a successful career in fundraising, this might be the job for you!  

Internship Manager and Hiring Associate  Reason is looking for a hiring associate with a passion for liberty who is interested in helping identify and recruit talented individuals for the Reason team. This is a great opportunity for an early-career professional to learn about all aspects of talent identification and selection while gaining valuable management experience running Reason’s large internship program.  

Education Policy Analyst  Reason’s work on school finance promotes student-based budgeting programs, which use free market principals to allow parents to choose the school that best fits their child’s unique educational needs and holds schools accountable for student outcomes. Reason is seeking a policy analyst to advance the research agenda on school finance as well as other areas of education reform.

Privatization Policy Analyst  Reason Foundation seeks a policy analyst to focus on privatization, performance-based contracting, and government reform.  

Infrastructure Policy Analyst  Reason Foundation seeks a policy analyst to specialize in research on the maintenance and financing of essential infrastructure, including highways, bridges, aviation, drinking water, waste, dams, transit, and more.”

 

Contact Reason here

 

 

 

 

 

 

 

 

 

Bill Gates’ Tech Worker Fantasy

 

 

” Business executives and politicians endlessly complain that there is a “shortage” of qualified Americans and that the U.S. must admit more high-skilled guest workers to fill jobs in STEM fields: science, technology, engineering and math. This claim is echoed by everyone from President Obama and Rupert Murdoch to Mark Zuckerberg and Bill Gates.

  Yet within the past month, two odd things occurred: Census reported that only one in four STEM degree holders is in a STEM job, and Microsoft announced plans to downsize its workforce by 18,000 jobs. Even so, the House is considering legislation that, like the Senate immigration bill before it, would increase to unprecedented levels the supply of high-skill guest workers and automatic green cards to foreign STEM students.

  As longtime researchers of the STEM workforce and immigration who have separately done in-depth analyses on these issues, and having no self-interest in the outcomes of the legislative debate, we feel compelled to report that none of us has been able to find any credible evidence to support the IT industry’s assertions of labor shortages.”

 

Read more at USA Today

 

 

 

 

 

 

 

 

 

Congress Brings Socialism To America With This Proposed Law

 

 

 

” Sadly today I am reporting to you yet another development that seems as if we are all living within the pages of Ayn Rand’s seminal work Atlas Shrugged.

  You may recall from the book that John Galt, the enigmatic protagonist, started off as a young engineer at the Twentieth Century Motor Company.

  When the owner of the company died, the heirs decided to run the business according to the new enlightened principles of the time.

  Primarily, they let all the workers vote on how the factory was supposed to be run and how much everyone should be compensated.

  And it was soon decided that “everybody in the factory would work according to his ability, but would be paid according to his needs.”

  Naturally, bright hard-working employees soon left; they found themselves working around the clock for the benefit of others who felt entitled to contribute as little as possible.

  John Galt was among the first out the door.

  And not long after, the once successful company went bust. No surprise.

  Unfortunately this is no longer fiction. Because in the Land of the Free, the United States Congress is striving to make Atlas Shrugged a reality.

  Their latest brainchild is to set up a new government bank, stuff it full of taxpayer funds, and loan the money to American workers for the exclusive purpose to help them form collectives and buy the companies they work for.

  It’s called the United States Employee Ownership Bank Act.

  And, straight from the bill, they aim to provide “loan guarantees, direct loans, and technical assistance to employees to buy their own companies. . .”

 

Read the rest at Zero Hedge

 

 

 

 

 

 

 

 

 

New York City Is America’s Unhappiest City: Study

 

 

 

 

 

 

” People living in the Big Apple are in rotten moods more often than people in other cities, according to a new study.

  New York City was ranked the least happy city in America when adjusted for income, according to a working study, titled “Unhappy Cities,” released by the National Bureau of Economic Research.

  The study leaned on a questionnaire that has been administered by the Centers for Disease Control and Prevention for the last several years and asks respondents: “In general, how satisfied are you with your life?” “

 

 

Read more

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beretta USA Announces Decision To Move Its Entire Maryland Manufacturing Capabilities To Tennessee

 

 

 

 

 

 

 

From the Beretta USA press release:

 

 

” Beretta U.S.A. Corp., located in Accokeek, Maryland, announced today that it has decided to move its manufacturing capabilities from its existing location to a new production facility that it is building in Gallatin, Tennessee.  The Gallatin facility is scheduled to be opened in mid-2015.  Beretta U.S.A. had previously planned to use the new Gallatin, Tennessee facility for new machinery and production of new products only.

“ During the legislative session in Maryland that resulted in passage of the Firearm Safety Act of 2013, the version of the statute that passed the Maryland Senate would have prohibited Beretta U.S.A. from being able to manufacture, store or even import into the State products that we sell to customers throughout the United States and around the world.  While we were able in the Maryland House of Delegates to reverse some of those obstructive provisions, the possibility that such restrictions might be reinstated in the future leaves us very worried about the wisdom of maintaining a firearm manufacturing factory in the State,” stated Jeff Cooper, General Manager for Beretta U.S.A. Corp.

“ While we had originally planned to use the Tennessee facility for new equipment and for production of new product lines only, we have decided that it is more prudent from the point of view of our future welfare to move the Maryland production lines in their entirety to the new Tennessee facility,” Cooper added. “

 

 

While the Washington Post had this to say …

 

 

” The Italian company had disclosed a $45 million plan this year to expand operations to a new factory near Nashville. But Beretta has decided to go beyond that plan because, a senior executive said, the company is “very worried about the wisdom of maintaining a firearm manufacturing factory” in Maryland.

  Maryland’s new gun restrictions, pushed by Gov. Martin O’Malley (D) after the Sandy Hook Elementary School shooting in Newtown, Conn., bans 45 types of assault rifles and put in place tough fingerprint, photo identification and training requirements. Magazines are limited to 10 rounds.

  A version of the legislation that passed the state Senate “would have prohibited Beretta ­USA from being able to manufacture, store or even import into the State products that we sell to customers throughout the United States and around the world,” the company said.

  Jeff Reh, a spokesman for Beretta USA, said in an interview that executives had become increasingly worried that future legislative sessions could end more “disastrously” for the company. “We wanted to control our own destiny,” he said. “

 

 

     It never ceases to amaze us that the politicians always seem to believe that they operate in a vacuum , that there is no alternative save to do as they command , even while the market continues to demonstrate endlessly that foolish , naive , “feel good” legislation comes with a price tag … that of lost jobs , lost revenue and lost taxes . Good for Tennessee , good for Beretta …

 

 

 

 

 

 

Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’

 

 

 

 

” Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.

  That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management. 

  Grantham pulls no punches when assigning responsibility for the coming financial carnage. In a recent interview with The New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and says the Federal Reserve all but killed the economic recovery

  Grimly, he adds, “We have never had this before. It’s going to be very painful for investors.” 

  Grantham isn’t the only one worried about a market collapse. 

“ We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it.” 

  Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment. “

 

 

Money News

 

 

 

 

 

 

 

 

 

 

Crossings Trigger Anti-Immigration Rallies

 

 

 

 

” The influx of thousands of Central Americans into the U.S. has energized anti-illegal immigration activists who organized rallies across the country in recent days.

How can we afford to take care of other countries’ poor? Americans are going hungry without jobs and no one is attending to them,” said Herbert Baker, a chiropractor standing atop a highway overpass in Los Angeles hoisting an American flag and a sign that read “Stop Illegal Immigration.”

The Los Angeles protest was among 40 in southern California and hundreds held in the U.S., part of a national call for a crackdown on illegal immigration coordinated by a coalition of anti-illegal immigrant groups. Some rallies, including those in Little Rock, Ark., Dallas and Philadelphia, drew counter protesters.”

 

 

    In typical Obama/Liberal fashion the “answer” lies in spending … spending money that we don’t have to care for people we didn’t invite … Money that our veterans don’t get , only potential democratic constituents need apply … Corruption everywhere you look from our “most open , honest and transparent” administration .

 

 

” President Obama has asked Congress for $3.7 billion in emergency spending to respond to the crisis and lawmakers are weighing whether to amend a 2008 law to expedite deportations. The House and Senate are moving forward on separate bills with no clear deal in sight. On Friday, Mr. Obama is scheduled to meet at the White House with the presidents of Honduras, Guatemala and El Salvador to discuss ways to stanch the flow.

  In Texas’ Rio Grande Valley, the main entry point, federal officials and aid workers have reported that fewer than 100 minors a day were apprehended by border agents last week, compared with as many as 300 a day recently.”

 

Wall Street Journal

 

 

 

 

 

 

 

 

 

 

 

Electorate Awakens: Obama Gas And Mortgage Groupie Now Says He Lied About Everything

    Everyone remembers this viral video of Florida mother Peggy Joseph voicing her unqualified support for Santa Obama , the candidate that will pay her mortgage and put gas in her car , but just in case you’ve forgotten just how enthusiastic the woman was here is the video again …

 

 

 

   Fast forward six years and Ms Joseph is whistling a different tune . Documentary filmmaker Joel Gilbert located Peggy as part of his latest project “There’s No Place Like Utopia” and here is what she has to say after six years of “Hope & Change”.

 

 

 

 

” Remember that South Florida woman who had her fifteen minutes of fame claiming Obama would pay for her mortgage and gas?

  Before the 2008 election, she was filmed saying “I won’t have to worry about putting gas in my car, I won’t have to worry about paying my mortgage. If I help him, he’s going to help me!”

  Well, documentary filmmaker Joel Gilbert tracked down Peggy Joseph to see how all that hope and change is working out for her and six years later, she’s had a complete change of heart. After living through Obama’s failed economic policies, she now says “he lied about everything.” “

 

Read the rest

 

 

 

 

 

 

 

 

 

 

 

Russian Hackers Put ‘Digital Bomb’ In Nasdaq Computers

 

 

 

” Russian computer hackers placed a “digital bomb” capable of sabotaging data and derailing the US economy into Nasdaq’s computer systems, it has emerged.

  The cybercriminals slipped the “cybergrenade” into Nasdaq’s computer network in 2010 using malware capable of spying and stealing data, according to Bloomberg Businessweek.

  The bomb was never set off, but had the capability of derailing stock market computers. An FBI system monitoring of US internet traffic picked up the alert and found that the hackers had used “zero day” vulnerabilities.

  Zero days are previously unknown flaws in computer code that allow hackers to easily take remote control of a computer.

  A similar type of malware has been designed and built by Russia’s main spy agency, the Federal Security Service of the Russian Federation. However, Russian officials denied any government connection to the security breach.

  Investigators also discovered evidence that the Russian malware was being used by a sophisticated Chinese cyberspy known to be operating a thriving criminal business.”

 

IBT has more

 

 

 

 

 

 

 

 

 

 

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This Eye-Opening Map Shows The Reason Gas Is More Expensive In Some States Than Others

 

   This map shows why the cost of gasoline is so high and why there is so much variation from state to state . The simple answer is , of course , taxes , both state and federal . Click on the map below to go to the interactive page that will give the reader specific details for each individual state and bear in mind that , even as the Statists demonize the oil industry as some sort of price-gouging profiteers , that the various government entities make more from the sale of a gallon of gas than do the evil energy producers .

 

 

Gas Taxes By State

Click Map For Interactive Link

 

 

” The federal excise tax is 18.4 cents per gallon, and the rest of the taxes are particular to each state and vary greatly around the country.

  The two states with the biggest taxes: New York at $0.505 and California at $0.4978. The two states with the lowest taxes: Alaska at $0.124 and New Jersey at $0.145.

  Expressed as a percentage, based upon current prices which are $3.678 as averaged across the nation, the price for a gallon of gas breaks down like this:

  • 10% for refining costs and profits
  • 10% for transportation and retailing costs and profits
  • 13% for taxes and fees
  • 67% for crude oil

  One thing to notice: The total costs and profits for everything except the oil is just slightly larger than the amount that goes to state and federal taxes.”

 

 

Here is a bit more perspective on those “massive profits” raked in by “Big Oil” …

 

 

 

 

 

 

” ExxonMobil’s earnings are from operations in more than 100 countries around the world. The part of the business that refines and sells gasoline and diesel in the United States represents less than 3 percent – or 3 cents on the dollar – of our total earnings. For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”

 

 

 

As the astute reader can easily ascertain , the only “price gouger” in the energy business is the State .

 

 

 

 

 

 

 

 

 

 

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