The IRS is under siege for investigating conservative political groups applying for tax-exempt status. But the real problem wasn’t that the IRS was too aggressive. It was that the agency focused on the wrong people—“none of those groups were big spenders on political advertising; most were local Tea Party organizations with shoestring budgets,” writes The New York Times—and wasn’t aggressive enough. The outrage that Washington should be talking about—what my colleague [...]
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On March 23, my colleague Mark Finkelstein noted how MSNBC’s Melissa Harris-Perry considers the unborn child a “thing” which takes a “lot of money” to “turn into a human,” costing thousands of dollars to care for each year of his/her life. Now it appears that Harris-Perry thinks that, after they’re born, children fundamentally belong to the state. http://www.secretsofthefed.com/msnbc-host-we-have-to-break-the-idea-that-kids-belong-to-their-parents-video/ http://beforeitsnews.com/alternative/2013/03/starving-north-korean-army-on-verge-of-revolt-hungry-soldier-killed-colleague-with-ax-ate-flesh-and-sold-rest-2607430.html Standing as a bulwark of liberty, the Oklahoma House of Representatives passed a bill protecting citizens of the Sooner State from the unconstitutional provisions of ObamaCare. By a vote of 72-20, the state House of Representatives passed House Bill 1021, a bill that if signed into law would stop the Patient Protection and Affordable Care Act (known as ObamaCare) at the borders of the sovereign state of Oklahoma. The bill’s primary proponent is State Representative [...] Public high school students in Arizona will have to “recite an oath supporting the U.S. Constitution” to receive a graduation diploma, if a new bill introduced in the new session of the state legislature is passed and signed into law. Public high school students in Arizona will have to “recite an oath supporting the U.S. Constitution” to receive a graduation diploma, if a new bill introduced in the new session of the state legislature is passed and signed into law. from AmmoLand: The NY SAFE Act passed a week ago in New York was deemed some of the strictest of state gun legislation — but it could have been even more so. New York Assemblyman Steve McLaughlin explained in a Facebook post last week that he was given the“unpatriotic proposals” by a colleague. And while they didn’t make it into the final bill, that was “thanks to us fighting back.” The accompanying video posted shows McLaughlin, [...] from HUFFPOST: As the year comes to an end, dysfunctional Congressional politics continues to dominate the headlines, and rightly so. Our politicians are scrambling to deal with a mess that they created all on their own — a fiscal cliff that risks pushing the country into recession. And while a last minute “micro deal” is still possible, there will be little celebration, nor should there be. Whatever transpires in the next few days, [...] MySinchew.com A relative of the Indian-born nurse who apparently killed herself after an Australian radio station’s royal hoax call said Sunday her family is shocked at the news. Jacintha Saldanha, 46, had answered the prank telephone call to London’s King Edward VII hospital, which was treating Prince William’s pregnant wife Catherine for morning sickness. She had put the call from the station through to a colleague, who relayed details about Kate’s [...] from NYT: What pushes them to do it, these desperate Tibetans, more than 90 of them, dozens in recent days and another one on Monday, the ones drenching themselves in gasoline, sometimes even drinking the fuel beforehand, and then setting themselves on fire, their robes bursting into pennants of flame as they die such painful deaths, why, what is happening here? Are they killing themselves because of politics, sadness, despair, religion, [...]  “The next 70 point move in the S&P 500 will be down, not up…” From Peter L. Brandt: Caveat: I am a chartist – I sniff fairy dust. Caution: I am a trader, not an analyst. My going-in assumption on every trade is that I will be wrong and take a loss. The charts would suggest that this week’s rally in stocks will soon run its course – that the next 70 point move [...] From FT: These may be leading indicators of a global economy that is slowly starting to sense that, as my colleague Bill Gross recently put it, we may be entering an age of higher inflation. Having so decisively been eradicated from the collective psyche of Americans more generally, it will take time for society as a whole to adjust to the real possibility of both higher and less stable inflation over [...] Hey, where’s the bubbly? The landmark feature at Jay-Z’s 40/40 Club in Manhattan is a dazzling, 18-foot champagne tower — 350 gold bottles in all, from what’s said to be his favorite brand, Armand de Brignac — a highlight of the nightspot’s $10 million renovation earlier this year. But at the hip-hop mogul’s fundraiser for President Obama Tuesday night, the wall of glitz was discreetly covered up under a dark dropcloth, reports our colleague Amy Gardner. Hmmm [...] One of America’s most highly respected private equity bosses has been found dead after he apparently killing himself. The death of Robert McKeon, who was in charge of Veritas Capital, was ruled a suicide by a coroner who revealed that the cause of death was ‘asphyxia due to neck compression’. It has not been revealed where the body was discovered, but he lived at a $5m mansion in Darien, Connecticut with his [...] 72Point Watching another colleague get promoted, missing out on a pay rise and sheer exhaustion are some of the top motivations for booking a trip away, as a study of 2,000 Brits revealed the top 20 factors which prompt a sudden interest in jetting off abroad. The results suggest that office stresses are high on the list of key holiday triggers, with people reaching for their passports to get far away from [...] It’s Friday in the Wall Street Daily Nation. That means it’s out with our regular routine of commentary-based articles, and in with the charts. In our opinion, there’s just no better way to present the week’s most important investment and economic insights than with pictures. This week, I’m addressing the likelihood of bankruptcy for daily deal company, Groupon (Nasdaq: GRPN). (Hint: it’s increasing.) Then it’s on to proving that dividend stocks always [...] Two people, including one security guard, were shot at the office of the Family Research Council in Washington, D.C., this morning. “The police are investigating this incident,” said FRC President Tony Perkins in a statement on the shooting. “Our first concern is with our colleague who was shot today. Our concern is for him and his family.” http://washingtonexaminer.com/shooting-at-family-research-council-office-in-dc/article/2504989 From focus.de: Economy Minister Philipp Rösler believes that Greece has no interest in reforms to tackle the euro crisis.His disillusionment and their backgrounds, he said in an interview with FOCUS.FDP party colleague, Guido Westerwelle, however, still has hope. “I’m disillusioned,” Roesler said in an interview with FOCUS.“Together with the German economy, I’ve offered the Greek government was much support.. Hardly any of our services has used the Greek side, “he complained, that the [...] http://www.cnbc.com/id/48468748 Consider: Nevada’s U-6 rate is 22.1 percent, up from just 7.6 percent in 2007. Economically troubled California has a 20.3 percent real rate, while Rhode Island is at 18.3 percent, more than double its 8.3 percent rate in 2007. http://economix.blogs.nytimes.com/2012/08/02/beware-the-jobs-report-of-july/ As my colleague Floyd Norris explained last month, one possible distortion that has arisen in recent years, thanks to the weakness of the economy, is that “seasonal adjustments make things look better [...] Anthony Martin On Wednesday U.S. Rep. Trey Gowdy, R-S.C., disclosed to The Washington Times that he and a colleague had met with the inspector general of the Department of Justice (DOJ) last week to discuss a pending report of an investigation into the Fast and Furious scandal. Gowdy and U.S. Rep. Jason Chaffetz, R-Utah, met with the newly appointed inspector general for the DOJ, Michael Horowitz, last week to discuss [...] In June 2009, a building superintendent at an apartment complex near the Rutgers University campus opened the door to unit 1076 to conduct an inspection. Tenants had been notified of the inspection weeks ago and the notice was still stuck to the door. He turned his key, walked in and immediately knew something was wrong. A colleague called 911. “What’s suspicious?” a New Brunswick police dispatcher asked. “Suspicious in the sense that the [...] From The Reformed Broker: Why dividends? Jeremy Schwartz has done a lot of great work on the topic building on the groundbreaking research from his colleague at WisdomTree, Prof Jeremy Siegel (yes, your name has to be Jeremy to get a job at WisdomTree, I checked). Anyway, Ritholtz and I have been constructing our secular bear market core portfolios almost exclusively with dividend-weighted ETFs since January 2011 (before everyone else went nuts [...] Sherrod Brown, a Democrat, represents Ohio in the U.S. Senate. Two years ago — after the worst financial crisis in more than a half-century — one-third of the Senate proclaimed that “too big to fail” is simply too big. A bipartisan group of 33 senators supported a proposal called the SAFE Banking Act, which I introduced with my former colleague, Ted Kaufman (D-Del.). This act would eliminate the taxpayer support enjoyed by the largest Wall Street banks [...] By Michael Dresser, The Baltimore Sun7:11 p.m. EDT, May 16, 2012 A Baltimore County delegate said Wednesday that the governor should send in the Maryland State Police to control “roving mobs of black youths” at Baltimore’s Inner Harbor, prompting a colleague to label the message “race-baiting.” Del. Patrick L. McDonough, a Republican whose district includes part of Harford County, distributed a news release with the headline: “Black Youth Mobs Terrorize Baltimore on Holidays.” In it, McDonough said he had sent [...] kingworldnews
With global investors concerned about key markets, today King World News interviewed legendary Jim Sinclair’s colleague and fellow trader, Dan Norcini. Norcini told KWN that a decisive break below the 1.8% level on the US Ten-Year Note would signal that a tsunami of deflation could engulf the globe. Norcini said this could trigger “a collapse in tax revenue” and budget deficits would “blow out of control.” Here is how Norcini [...] |
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