With the price of gas on the rise again, this is really shocking news: The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it. The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. […]
Nick Hanauer, a very successful venture capitalist, has a must read OpEd in Bloomberg News. In it he explains the very fundamentals of economics: I can’t buy enough of anything to make up for the fact that millions of unemployed and underemployed Americans can’t buy any new clothes or enjoy any meals out. Or to […]
Bloomberg is out with another article about the financial collapse. In it they report that former Treasury Secretary Hank Paulson, who was in charge during the collapse, gave insider information to hedge funders. The following alledgedly took place on July 21, 2008 At the Eton Park meeting, he sent a different message, according to a […]
Cincinnati’s iconic skyline has been called one of the most beautiful around. One building that helps make up that skyline is the Chiquita Center. Today Chiquita has announced that they are moving their operations from Cincinnati to Charlotte, North Carolina: Chiquita Brands International, Inc. will relocate its headquarters to Charlotte, N.C., the company announced Tuesday […]
Our path to third world nation status continues: The number of Americans living in poverty reached a record 49.1 million in 2010, according to a new broader measure of poverty released by the U.S. Census Bureau on Monday. That figure contrasts with an official poverty measure released in September that said there were 46.2 million […]
The WSJ has launched a pity-party today for the suffering 1% of this country: Jacqueline Siegel paces the floor of her unfinished 7,200-square-foot ballroom. The former beauty queen, with platinum-blond hair, blue eye shadow and a white minidress, clacks along the plywood construction boards in her high heels trailed by a small entourage of helpers […]
Want to know what the outrage is about? Look no further than this: Fifty percent of U.S. workers earned less than $26,364 last year, and those earning less than $200,000 per year – roughly 99 percent of Americans – saw their earnings fall a collective $4.5 billion. There were fewer jobs, and overall pay was […]
The other day I covered how the 53%ers are apparently against the very policies they have advocated for years. The 47% of people not paying federal income tax do so in a large part because of the Bush tax cuts and we know the right has been a long time advocate of those tax cuts. […]
My heart weeps for this poor fellow: Rep. John Fleming (R-LA) appeared on MSNBC with Chris Jansing this morning to attack President Obama’s new deficit reduction plan, which includes some tax increases on the wealthy. Taking up the typical GOP talking point, Fleming said raising taxes on wealthy “job creators” is a terrible idea that […]
When you have one of the best known conservative writers on economics go after the standard GOP talking points that we need more tax cuts for the rich, you know that the right is in trouble. On Bill O’Reilly, Ben Stein did just that: Dave Edwards offers this awesome outtake from this confrontation: O’Reilly went […]