tagged w/ Business
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When most people think about America's debt problem, they think of the debt of the federal government. But that is only part of the story. The sad truth is that debt slavery has become a way of life for tens of millions of American families. Over the past several decades, most Americans have willingly allowed themselves to become enslaved to debt. These days, most of us are busy either going into even more debt or paying off the debt that we have accumulated in the past. When your finances are dominated by debt, it makes it really hard to ever get ahead. Incredibly, 43 percent of all American families spend more than they earn each year. Even while median household income continues to decline (now less than $50,000 a year), median household debt continues to go up. According to the Federal Reserve, median household debt in America has risen to $75,600. Many Americans spend decades caught in the trap of debt slavery. Large numbers of them never even escape at all and die in debt. It can be a lot of fun to spend lots of money and go into lots of debt, but it can be absolutely soul crushing to toil and labor for years paying off those debts while making others wealthy in the process. Hopefully this article will inspire many people to try to escape the chains of debt slavery once and for all.When most people think about America's debt problem, they think of the debt of... more
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By David Edwards
Thursday, February 9, 2012 10:37 EST
Republican presidential candidate Rick Santorum warned on Wednesday that President Barack Obama and other liberals are leading people of faith down a path that ends at the guillotine.
During a campaign event in Plano, Texas, the candidate charged Obama had an “overt hostility to faith.”
“When you look and see what the left is trying to do in America today, progressives are trying to shutter faith, privatize it, push it out of the public square, oppress people of faith, strip their charitable deductions away from them, trying to weaken them, churches — trying to say that anyone who believes in the value of Judeo-Christian principles,” Santorum explained.
“As we saw in the Ninth Circuit just this week, that if you believe that [same sex marriage is wrong] — this is what the court said — that if believe that, if believe what’s taught in Genesis, if you believe what’s practiced Biblically and a generation since then you are irrational. The only possible reason you could believe this, according to the Ninth Circuit, is that you are a bigot and that you are a hater.”
He continued: “They are taking faith and crushing it. Why? When you marginalize faith in America, when you remove the pillar of God-given rights then what’s left is the French Revolution. What’s left is a government that gives you rights. What’s left are no unalienable rights. What’s left is a government that will tell you who you are, what you’ll do and when you’ll do it. What’s left in France became the the guillotine.”
Santorum admitted that the U.S. was “a long way from that,” but if Obama had his way then “we are headed down that road,” citing the Obama administration’s decision to require nearly all private health insurance policies to cover family planning, including female contraceptives.
“Now is the time for America to rise up and say enough!” the GOP hopeful exclaimed.
http://www.rawstory.com/rs/2012/02/09/santorum-obama-leading-christians-to-the-guillotine/
Watch this video from CNN, broadcast Feb. 7, 2012
"Why is this Guy always claiming that the other side is doing what his Party is Guilty Of???"By David Edwards
Thursday, February 9, 2012 10:37 EST
Republican presidential... more
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Is Keith Olbermann the Last Hope for Gore's Current TV? - The Daily Beast
from- Newsweek magazine :
"Al Gore's Desperate Bid to Keep Keith Olbermann—and Save Current TV"
Feb 6, 2012 12:00 AM EST
The former VP’s Current TV is struggling to catch on—and he nearly lost star anchor Keith Olbermann after a breakdown in negotiations in November. Rebecca Dana reports in Newsweek.
It was early November when tensions between Keith Olbermann and Al Gore escalated into a crisis at Current TV. There had been a short honeymoon after Gore, the channel’s co-owner, had handed the notoriously temperamental anchor a reported $10 million salary and equity stake in February of last year, but the relationship soured quickly. Now, just five months after Olbermann’s show Countdown had resurfaced on Current, it looked as if he might walk away.
Accustomed to the flashy graphics and slick broadcasts of MSNBC, Olbermann balked at the cheap sets and lo-fi production values at the scrappy Current. Ensconced in his New York office, the star ignored emails from the network’s West Coast executives. He wanted them to invest more on the technical side, and he wanted more authority in other areas of the network, including personnel decisions. He was also upset about his car service. Gore and his partners had shelled out for a star; now, it seemed, the star owned them.
By November, network executives were exhausted by his antics, according to a source familiar with the inner workings of Current. Olbermann was implacable. Executives feared an ugly, public fight.
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http://www.thedailybeast.com/newsweek/2012/02/05/is-keith-olbermann-the-last-hope-for-gore-s-current-tv.htmlIs Keith Olbermann the Last Hope for Gore's Current TV? - The Daily Beast
from-... more
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What would happen if the Federal Reserve was shut down permanently? That is a question that CNBC asked recently, but unfortunately most Americans don't really think about the Fed much. Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt. During this election year, the economy is the number one issue that voters are concerned about. But instead of endlessly blaming both political parties, the truth is that most of the blame should be placed at the feet of the Federal Reserve. The Federal Reserve has more power over the performance of the U.S. economy than anyone else does. The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did. If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve.What would happen if the Federal Reserve was shut down permanently? That is a... more
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Today, the number of American adults that can't take care of themselves is at an all-time record high. So what are we going to do if the number of people dependent on the government keeps going up? Some folks like to point out that most Americans that have recently become dependent on the government would rather be working, but because of a lack of jobs they have gotten into a position where they cannot take care of themselves anymore. Some other folks like to point out that the number of Americans that abuse the system and that enjoy being dependent on the government is steadily increasing. Sadly, both of those positions are true. It is a fact that the percentage of working age Americans that actually have jobs has declined dramatically over the past several years because of a lack of jobs. It is also a fact that a growing percentage of Americans believe that it is the job of the government to take care of them from the cradle to the grave. What people need to understand is that the government is the problem and not the solution. We desperately need more jobs in this country, but the federal government has been absolutely killing job growth, it has been creating a culture of government dependency, and it has been going into gigantic amounts of debt trying to take care of so many people. So what are we going to do if the number of American adults that can't take care of themselves continues to set new records year after year?Today, the number of American adults that can't take care of themselves is at an... more
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If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically? Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators. In other words, they change before the overall economic picture changes. For example, back in early 2008 the Baltic Dry Index began falling dramatically. There were those that warned that such a rapid decline in the Baltic Dry Index meant that a significant recession was coming, and it turned out that they were right. Well, the Baltic Dry Index is falling very rapidly once again. In fact, on February 3rd the Baltic Dry Index reached a low that had not been seen since August 1986. Some economists say that there are unique reasons for this (there are too many ships, etc.), but when you add this to all of the other indicators that Europe is heading into a recession, a very frightening picture emerges. We appear to be staring a global economic slowdown right in the face, and we all need to start getting prepared for that.If the global economy is not heading for a recession, then why is global shipping... more
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Legislation could lead to despised federal agency being marginalized from aviation security
The Senate has passed legislation that includes a provision allowing airports to replace TSA screeners with private security, opening the door for the widely loathed federal agency to be marginalized from aviation security altogether.
The bill was primarily concerned with how the Federal Aviation Authority would be funded for the next four years, but also included measures that would force the TSA to reconsider applications from airports to replace TSA workers with their own privately hired screeners.
“Security companies would have an easier time winning contracts to operate airport checkpoints,” reports Businessweek.
Following a massive nationwide backlash against the TSA’s invasive groping policies and its use of radiation-firing naked body scanners, linked by many prestigious health bodies to cancer, an increasing number of airports attempted to take responsibility for their own screening procedures by replacing TSA workers with privately hired personnel
Should airports choose to replace TSA screeners with their own private security, it would not only mean the screeners were better trained and more responsible for their actions, alleviating the problems of thefts and abuse by TSA workers, but it would also create tens of thousands of much needed jobs for the private sector.
“Some airport executives have argued that contract security personnel are more courteous than government workers,” reports CNN. “It was felt that a private contractor would provide friendlier customer service to the traveling public,” the head of a Roswell, New Mexico, airport wrote to Congress.”
A November 2010 poll found that the TSA’s “enhanced pat downs,” some of which include touching genitalia, angered 57% of regular adult fliers.Legislation could lead to despised federal agency being marginalized from aviation... more
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So why does this matter? Hah, look around. The US economy continues to suffer, and will for years, the ravages of a financial lottery designed and implemented by MBAs as taught in business schools. The notion that “shareholder value” should trump everything else came out of some business school. “Corporations as persons” is the business school wet dream. Business schools hate government regulation—particularly those that relate to, say, worker health and safety—which should, if recent evidence is anything to go by, have some appeal in China. You will virtually never find the notion of economic “externalities” in the course offerings of most business schools. The havoc wreaked on the US economy over the past several decades was coined and minted at US business schools—a model that China seems more than happy to adopt. If MBAs can do to the Chinese economy what they’ve done to the US economy, maybe the playing field will even up a bit.So why does this matter? Hah, look around. The US economy continues to suffer, and... more
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Did you see the Chrysler commercial featuring Clint Eastwood that aired during the Super Bowl the other night? It was entitled "It's Halftime In America", and it was truly a great ad. To me, it was the most memorable Super Bowl ad this year by far. It conjured up images of the America that so many of us remember so fondly. It reminded us of how life in this country used to be. Unfortunately, America is currently headed down a road that is taking us in the opposite direction. Yes, it is halftime in America, but there is no guarantee that what is ahead is going to be great. In fact, if we continue to make the same choices that we have been making, a national nightmare is inevitable. Let us hope and pray for a fundamental change of direction for America, but let us also prepare for what is going to happen if that does not take place. There is a "pause in the action" at the moment, so now is the time to get your financial priorities in order. Now is the time to prepare for the storm that is coming. If you wait until the storm is right on top of you it will probably be too late.Did you see the Chrysler commercial featuring Clint Eastwood that aired during the... more
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The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of "hopetimism" between two financial crashes. Things may seem relatively stable right now, but it won't last long. The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then. The "too big to fail" banks are larger now than they have ever been. Americans continue to run up credit card balances like there is no tomorrow. Tens of thousands of manufacturing facilities and millions of jobs continue to leave the country. We continue to consume far more than we produce and we continue to become poorer as a nation. None of the problems that caused the crisis of 2008 have been solved and we are even weaker financially than we were back then. So why in the world are so many people so optimistic about the economy right now?The people out there that believe that the U.S. economy is experiencing a permanent... more
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On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent. That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news. According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January. You can read the full employment report right here. Based on this news, pundits all over the world were declaring that the U.S. economy is back. Stocks continued to rise on Friday and the Dow is hovering near a 4 year high. So does this mean that our economic problems are over? Of course not. A closer look at the numbers reveals just how fraudulent these employment statistics really are. Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million. That was the largest increase ever in that category for a single month. That is how the federal government is getting the unemployment rate to go down. The government is simply pretending that huge numbers of unemployed Americans don't want to be part of the labor force anymore. As you will see below, the employment situation in America is not improving. Yet everyone in the mainstream media is dancing around as if the economic crisis has been cancelled. I can't take it anymore! It is beyond ridiculous that so many intelligent people continue to buy in to such fraudulent numbers.On Friday, the entire financial world celebrated when it was announced that the... more
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News Corp. CEO Rupert Murdoch frequently tweets about how web pirates are destroying the entertainment business by stealing its content and preventing studios from making a profit. But a report by Floor64's Michael Masnick, released by the Computer and Communications Industry Association, shows the opposite is true: The entertainment industry is not being killed by the world wide web. In fact, it's exploding: "Through a decade of economic and technological upheaval, the entertainment industry grew 50 percent while consumers increased spending on entertainment," claims the report.News Corp. CEO Rupert Murdoch frequently tweets about how web pirates are destroying... more
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Have you ever watched a football game or a basketball game where one team dominates the other team so badly that calling it a "blowout" would be a huge understatement? Well, that is what China is doing to the United States. China is absolutely destroying America on the global economic stage. Once upon a time, the Chinese economy was a joke and the U.S. economy was the most powerful the world had ever seen. But over the past couple of decades the U.S. economy has decayed and declined while the Chinese economy has skyrocketed. Today, China makes more steel, more automobiles, more beer, more cotton, more coal and more solar panels than we do. China has the fastest train in the world, the fastest computer in the world and they export twice as much high-tech equipment as we do. In 2011, our trade deficit with China was the largest trade deficit that one nation has had with another nation in the history of the world, and China has now accumulated more than 3 trillion dollars in foreign currency reserves. Every single day, we lose more jobs, more businesses and more of our national wealth to China. In technical economic terms, China has "taken us out behind the woodshed" and has beaten the living daylights out of us. Unfortunately, most Americans are so addicted to entertainment that they don't even realize what is happening.Have you ever watched a football game or a basketball game where one team dominates... more
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How would you feel if someone told you that one of the largest banks on Wall Street makes more money whenever the number of Americans on food stamps goes up? Unfortunately, this is something that is actually true. In the United States today, one out of every seven Americans is on food stamps. In fact, the number of Americans on food stamps has increased by a whopping 14 million since Barack Obama entered the White House. All of this makes JP Morgan very happy, because JP Morgan has been making money by the boatload on food stamps. Right now, JP Morgan Chase issues food stamp debit cards in 26 U.S. states and the District of Columbia. The division of JP Morgan Chase that issues these debit cards made an eye-popping 5.47 billion dollars in net revenue during 2010. JP Morgan is paid per customer, so when the number of Americans on food stamps goes up, they make more money. But doesn't this give JP Morgan an incentive to try to keep the number of Americans on food stamps as high as possible? Of course it does. JP Morgan is interested in making money as rapidly as possible. If JP Morgan can get more Americans enrolled in the food stamp program and keep them enrolled in it for as long as possible, that is good for business.How would you feel if someone told you that one of the largest banks on Wall Street... more
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An economic nightmare is descending on Europe. With each passing month, the economic numbers across Europe get even worse. At this point it is becoming extremely difficult for anyone to deny that Europe is plunging into a full-blown economic depression. In fact, some parts of Europe are already there. In Spain the overall unemployment rate is over 22 percent, and in Greece one out of every five retail establishments has already been closed down. All over Europe, economic activity is rapidly slowing down, unemployment is skyrocketing and bad debts are unraveling. It isn't even going to take a default by a nation such as Greece or a collapse of the euro to push Europe into an economic depression. All Europe has to do is to stay on the exact path that it is on right now and it will get there. Normally, European governments would respond to an economic slowdown by increasing government spending. But this time most of them are already drowning in debt. Instead of increasing government spending, most governments in Europe are actually cutting back. All over Europe, national governments are being encouraged to implement even more tax increases and even more budget cuts. The hope is that all of this austerity will help solve the nightmarish sovereign debt crisis that Europe is facing. But unfortunately, all of these tax increases and budget cuts are also going to involve a tremendous amount of economic pain.An economic nightmare is descending on Europe. With each passing month, the economic... more
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Did you know that the federal government is giving out free cell phones and free cell phone minutes to welfare recipients? It may be hard to believe, but it is true. Right now, there are companies that are running advertisements specifically targeted at low income Americans informing them of the fact that all they have to do is sign up and they can get a free cell phone and hundreds of free cell phone minutes every single month and it will all be paid for by the federal government. Some have referred to this as "The Obama Phone", but that is not exactly accurate. The outrageous federal programs that are paying for this were initiated before Barack Obama entered the White House. But the fact that welfare recipients have been receiving free cell phones and free cell phone minutes under both the Bush and Obama administrations has been confirmed as being true by Snopes. All of this is paid for by "the federal Universal Service Fund". That is one of those annoying little taxes that you may have noticed on your phone bill. So what is essentially happening is the federal government is taking money from all of us so that they can provide free cell phone service for welfare recipients every single month.Did you know that the federal government is giving out free cell phones and free cell... more
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www.youtube.com/watch?v=DDTd4byn_fI
Ron Paul setting the record straight again on the debunked charge of the newsletters written by James B. Powell.
You may recall that all of the people pushing this story were originally screeching and squawking and swearing up and down that they could "PROVE" that Ron Paul wrote the newsletters.
Plus, Ron Paul addresses real issues like the college tuition, war, and the economy.www.youtube.com/watch?v=DDTd4byn_fI
Ron Paul setting the record straight again on... more
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Everywhere you turn these days, someone is proclaiming that the economy is improving. Barack Obama is endlessly touting the "improvement" in the economy, the mainstream media is constantly talking about "the economic recovery" and an increasing number of Americans seem to be buying into this line of thinking. A new NBC/Wall Street Journal poll found that 37 percent of Americans believe that the economy will improve over the next year, while only 17 percent of Americans believe that it will get worse. But is the economy actually improving? Not really. At the moment things are relatively stable. Some economic statistics are improving slightly and some continue to get even worse.Everywhere you turn these days, someone is proclaiming that the economy is improving.... more
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Over the past couple of weeks, George Soros, the IMF and the World Bank have all issued incredibly chilling warnings about the possibility of an impending economic collapse. Considering the power and the influence that Soros, the IMF and the World Bank all have over the global financial system, this is very alarming. So are they purposely trying to scare the living daylights out of us? Soros is even warning of riots in the streets of America. Unfortunately, way too often top global leaders say something in public because they want to "push" events in a certain direction. Do George Soros and officials at the IMF and World Bank hope to prevent a worldwide financial collapse by making these statements, or are other agendas at work? We may never know. But one thing is for sure - many of the top financial officials in the world are using language that is downright "apocalyptic", and that is not a good sign for the rest of 2012.Over the past couple of weeks, George Soros, the IMF and the World Bank have all... more
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If you are an American under the age of 30, you have probably figured out by now that the entire economic system is stacked against you. The way that our economy is structured today is completely and totally unfair to younger Americans. First, we endlessly push our young people to go to our ridiculously expensive colleges and universities where the pile up enormous amounts of debt. Then they get out into the real world where they find that only a handful of really good jobs are available for the vast army of college graduates entering the workforce. Sadly, most of the jobs that our young people are working these days do not pay enough to be able to support a family or buy a decent home. Meanwhile, our politicians are busy mortgaging their future. Our young people are expected to support a Social Security system that will not be there when they get older, and every single day more than 2 billion dollars is added to a debt that will hang around the necks of younger Americans and their children for the rest of their lives. If you stop and think about all of this for too long, your head might just explode with anger. Well, not literally, but you get the point. The truth is that this is going to be the first generation in U.S. history that is going to do significantly worse than their parents, and that is a terrible shame.If you are an American under the age of 30, you have probably figured out by now that... more
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