Category: Monetary Policy


Obama Opens Fraud-Ridden Benefits Programs To Illegal Immigrants

 

 

 

 

” President Obama’s unilateral executive action on immigration will make hundreds of thousands, perhaps more than a million, illegal immigrants eligible for federal transfer payments. That will be done primarily through two widely used programs — the Earned Income Tax Credit, or EITC, and the Additional Child Tax Credit, or ACTC.

  As it turns out, those two programs are already among the most corrupt and fraud-ridden in the entire federal government. A newly-released report from the inspector general of the Internal Revenue Service confirms that the EITC is plagued by fraud (which was already well known) and also reveals for the first time that the ACTC is even worse.

  The two programs, intended for low-income workers, are what is known as refundable tax credits. That means they give workers a tax refund that is larger than their tax liability. So a family with a tax bill of $1,000 might receive an EITC “refund” of $5,000, meaning the family doesn’t write a check to the government but rather receives a check from the government. The ACTC works similarly for low-income workers with children.”

 

Thanks to Byron York at the Washington Examiner

 

 

 

 

 

 

 

 

 

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Millionaires’ Choice For President: Hillary

 

 

Millionaires For Hillary

 

 

” Millionaires are sharply divided on their choice for the next President of the U.S., according to the second CNBC Millionaire Survey released today. Yet if a vote were held today, former Secretary of State Hillary Clinton would be the overall favorite among millionaire voters.

  The survey polled 500 people with investable assets of $1 million or more, which represents the top 8 percent of American households. According to the survey—a poll evenly split between Democrats, Republicans and Independents—Hillary Clinton is the top choice for 31 percent of millionaires, including 23 percent of Independent millionaires and 5 percent of Republican millionaires.

  Respondents got to choose among nine potential candidates in the survey: Clinton; Senator Elizabeth Warren (D-Mass.); Vice President Joe Biden; Governor Chris Christie (R-N.J.); Senator Ted Cruz (R-Texas); Senator Bernie Sanders (I-Vt.); former Governor Jeb Bush (R-Fla.); Senator Rand Paul (R-Ky.) and Governor Scott Walker (R-Wis.)

  Clinton gets the support of 38 percent of women millionaires and 27 percent of male millionaires. Among male millionaires of both parties, Hillary is the top choice, with 27 percent.”

 

     Aside from the obvious contradiction regarding the oft-repeated MSM meme of the GOP as the “party of the rich” this poll is notable for the fact that screaming socialist Bernie Sanders bests Fauxcahontas herself . LOL .

   The Dems continue to veer more sharply to the left than any NASCAR auto racecar .

Read it all at CNBC

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

Report From Lima Climate Conference: Al Gore Preaches Hellfire And Redemption

 

 

 

 

 

” Former star of stage and screen Al Gore arrived at COP-20 early Wednesday morning to give one of the opening speeches at an all-day conference put on by the Chinese delegation on Making the Future of Cities Green. I got there a few minutes too late hear him, so made sure I was early to hear his big talk at 1:15.

  It was scheduled for one of the COP’s two big plenary meeting rooms. I arrived at 12:50. The UN security officer guarding the door told me that the official session was over and the Cusco Room was now closed. I said, What about Al Gore’s speech at 1:15? He said that there was nothing until 3 PM, but when I pressed him, he went and got his list of the day’s events in the Cusco and Lima Rooms (which are actually very large tents–the whole COP is being held in very nice temporary structures erected on the grounds of Peru’s Pentagonito). Sure enough, there were the Climate Reality Project and Al Gore listed at 1:15.

  The former U. S. Vice President arrived early, but did not start speaking until 1:30. That may be because there weren’t many people in the very large room.  By the time he began to speak, perhaps half the seats were occupied. More people came as he continued talking. At the end, he got a polite round of applause. Such are the indignities of being a former movie star.

  Gore’s talk was an update of the slide-show immortalized in the sci-fi classic, “An Inconvenient Truth.” But not an update that replaces its numerous false and misleading claims. For instance, Gore’s show still contains a slide of the discredited hockey stick.”

 

 

    Search as we did , we couldn’t find any video of Al Gore’s poorly attended speech . There is even a Youtube channel devoted to COP-20 Lima that is bursting with videos from the conference , but no AlGore … curious . 

 We tried Daily Motion , Vimeo , Youtube and LiveLeak with various search terms and all we got were years-old videos from past conferences . Even COP-20 Lima’s own website is devoid of Mr Climate Change’s Speech . See for yourself here .

   Although he is described as “the most important guest of COP20” in the official announcement that he would be attending the conference on the COP20 website , those in charge have not seen fit to publish his speech .

   It would appear that the former vice-president , energy consumption hypocrite and major carbon credits profiteer has jumped the shark . Since we couldn’t find any video record of his current speech , and by all counts he parroted the usual line straight from his “documentary” we have included a complete version of “An Inconvenient Truth” as a companion piece .

 

 

Read more about Mr “Inconvenient Truth’s ” speech here .

 

 

 

 

 

 

 

 

 

$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

 

 

 

 

 

 

 

 

 

 

Our Guide To This Year’s Holiday Season Filled With Fishing Apparel, Tackle, Electronics And More

 

 

   This ROV from Deep Trekker would make a great gift to the mariner on your list but beware of the $4000 price tag … and this is the starter model . The flagship model , DTG2 Turbo Worker , lists for $10,000 . 

 

 

f3-gift deep-trekker

DTG2 from Deep Trekker

 

” The DTG2 from Deep Trekker comes complete with a standard 50 meters of tether that connects you to the Superbright LCD Screen Controller and offers the first completely portable, remotely operated vehicle (ROV). Built to last, the DTG2 is constructed of a cast-aluminum body that encases a 360-degree window and allows the user to have an unprecedented field of view, whether checking out the bottom of the boat or exploring the ocean floor. Typical battery life ranges from six to eight hours. “

 

 

Watch this video of the DTG2 and see just how cool it is …

 

 

 

 

 

    As cool as an underwater ROV might be we personally can see ourselves having much more fun from a gift of the V2 , state of the art , waterproof , floating drone from SeaHex which is a steal at $8,000 … (sarc off) 

 

 

 

f3-gift seahex

SeaHex V2

 

” The SeaHex V2 changes the stakes for the ever-growing market of quadcopter drones. The big brother of the V1, which allows for safe water recovery, the V2 provides the impressive ability for both water landings and takeoffs. When coupled with the offshore fishing package, the SeaHex V2 lets you create a program to search a half-mile grid in front of you while sending a live feed back to an iPad or a smartphone onboard. That’s a huge advantage when looking for baitballs or a feeding frenzy.”

 

 

And here is a video of the SeaHex V2 in action …

 

 

 

 

 

    While we have highlighted a couple of the most expensive items on the list , do not be deterred . There is something for all budgets among the great gift ideas for the fisherman/boater you love at Marlin Magazine

 

 

 

 

 

 

 

 

 

 

 

“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

 

 

 

 

 

 

 

 

 

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 .

 

 

 

 

 

 

 

 

 

Inglourious Ambassadors

 

 

 

” The newly appointed U.S. ambassadors to Hungary and Argentina make up for what they lack in relevant qualifications with notable campaign fundraising skills. (4:09) “

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

 

 

 

 

 

 

 

 

 

DC Police Department Budgets Its Asset Forfeiture Proceeds Years In Advance

 

 

 

 

” Asset forfeiture may be the greatest scam perpetuated on the American people by their government — and it’s all legal. For the most part, assets seized translate directly to monetary or physical gains for the agencies doing the seizing, an act often wholly separated from any American ideals of due process.

  The New York Times recently obtained recording of asset forfeiture conferences which showed prosecutors advising cops on how to best exploit these programs to obtain additional funds and goods for their respective law enforcement agencies. In short, it appears that many agencies use asset forfeiture to fill departmental shopping lists, rather than as the criminal syndicate-crippling action it was intended to be.

  The Washington Post has been digging into the oft-abused programs for the last six weeks. The latest article in this series comes to similar conclusions about how the programs are viewed by law enforcement agencies.

  D.C. police have made plans for millions of dollars in anticipated proceeds from future civil seizures of cash and property, even though federal guidelines say “agencies may not commit” to such spending in advance, documents show.

  The city’s proposed budget and financial plan for fiscal 2015 includes about $2.7 million for the District police department’s “special purpose fund” through 2018. The fund covers payments for informants and rewards. “

TechDirt has more on this grand scheme of legalized theft

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Black Friday Is Here, And You All Look Like Morons

 

 

black friday fights

Click pic for Vines Video

 

 

” It’s Friday 28th November, a day that most people consider as ‘the start of Christmas shopping’. But in the States , they call it Black Friday.

  For many years, the day following Thanksgiving in America is known as Black Friday, a day where chaos ensues all over the country. Why? Because most items in most shops are about 1 dollar cheaper than the day before.

  Fast forward to 2014, and obviously, the UK has decided to adopt this tradition. Why? I don’t know. There seems to be a sale on everywhere nowadays, in most shops. Couches are pretty much free for the first decade and every high street clothing shop has a maze of rails full of price cut shite. “

 

    UniLad provides a host of video idiocy taking place as we speak . Watch shoppers battle it out and display a decidedly unchristian side of the holiday season .

 

 

 

 

 

 

 

 

 

Black Friday 2014 Girls Fight Over Underwear & Lingerie

 

 

 

Published on Nov 27, 2014

” Black Friday Girls Fight In Victoria Secret Over Underwear & Lingerie”

 

 

    We must say that it is encouraging to know that Black Friday violence is not a uniquely American embarrassment . HT/Gateway Pundit

 

 

 

 

 

 

 

 

 

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.”

 

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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

 

 

 

 

 

 

 

 

 

 

Renewable Energy ‘Simply Won’t Work': Top Google Engineers

 

 

 

” Two highly qualified Google engineers who have spent years studying and trying to improve renewable energy technology have stated quite bluntly that renewables will never permit the human race to cut CO2 emissions to the levels demanded by climate activists. Whatever the future holds, it is not a renewables-powered civilization: such a thing is impossible.

  Both men are Stanford PhDs, Ross Koningstein having trained in aerospace engineering and David Fork in applied physics. These aren’t guys who fiddle about with websites or data analytics or “technology” of that sort: they are real engineers who understand difficult maths and physics, and top-bracket even among that distinguished company. The duo were employed at Google on the RE<C project, which sought to enhance renewable technology to the point where it could produce energy more cheaply than coal. 

  RE<C was a failure, and Google closed it down after four years. Now, Koningstein and Fork have explained the conclusions they came to after a lengthy period of applying their considerable technological expertise to renewables, in an article posted at IEEE Spectrum.

  The two men write:

  At the start of RE<C, we had shared the attitude of many stalwart environmentalists: We felt that with steady improvements to today’s renewable energy technologies, our society could stave off catastrophic climate change. We now know that to be a false hope …

  Renewable energy technologies simply won’t work; we need a fundamentally different approach. “

 

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