Despite a U.S. economy that moves forward at snail’s pace and Europe teetering on the brink of collapse, oil prices surged past $100 a barrel in New York Wednesday. Feeding the price action was Enbridge’s acquisition of the Seaway Pipeline from ConocoPhillips and its announcement that it would reverse the pipeline’s direction, easing oversupply caused [...]
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1) Incredibly weak recovery: President Barack Obama’s tax/spend/regulation policy — “stimulus”; continuation of TARP; bank, insurance company and auto industry bailouts; “quantitative easing” (aka the printing of money); cash for clunkers; minimum wage hikes; new regulatory rules on businesses; tripling of the deficit; addition of $4 trillion to the debt — failed miserably to produce [...]
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Occupy Wall Street has targeted opposition events, interrupted a presidential candidate and shut down a major port. Now they want to shut down the New York Stock Exchange on Nov. 17 to mark the two-month anniversary of their protest. Protesters vow “a block party the 1% will never forget.” According to a post on Facebook, [...]
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The number of Mexicans leaving home for the United States is just about canceled out by the number returning, according to statistics provided by the Mexican government. The statistics suggest that a bleak job market north of the border, combined with the inherent risks of making the trek, have for now dissuaded many Mexicans from [...]
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Days after the Obama administration threatened to delay approval of a planned oil pipeline from Canada to the Gulf of Mexico — angering unions while appeasing environmentalists — the company seeking to build the pipeline says it’s willing to reroute the project to get it back on track. TransCanada said Monday evening it will move [...]
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Former Speaker of the House–and current Minority Leader–Nancy Pelosi apparently bought $1 million to $5 million of Visa stock in one of the most sought-after and profitable initial public offerings (IPO) in American history, thwarted serious credit card reform for two years, and then watched her investment skyrocket 203%. The revelation appears in Throw Them [...]
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If ever there was a populist blueprint for deficit reduction, this has got to be it. Each year, millionaires are soaking the government, not illegally, for some $30 billion in benefits from tax giveaways and loan programs, according to a report by Sen. Tom Coburn of Oklahoma. The Republican senator, a staunch fiscal hawk and [...]
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A partner of Occupy Wall Street has launched a massive push for a public works program under the banner of “Occupy the Jobs” in which the government would be required to provide jobs at union wages for more than 30 million unemployed and underemployed workers. The concept bears a striking resemblance to proposals by Cass [...]
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President Says ‘We Are Here to Stay’ at Start of East Asia Trip, but Beijing Challenges U.S. Role as Dominant Power President Barack Obama plunged into a long-awaited and high-stakes mission to re-establish U.S. leadership in the Pacific but is bumping into the expanding influence of China at every turn. Mr. Obama hosted a forum [...]
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President Obama’s announcement that he will delay a decision on approval of the Keystone Pipeline until after the 2012 election typifies his feckless presidency. Torn between the need to create jobs, reduce the cost of energy and get our economy going on one hand, and the emotional biases of his environmentalist base on the other, [...]
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President Obama’s nine-day trip to Asia seeks to reassure America’s Asian allies and partners that the US is committed to strengthening its economic and security ties to the region. With America’s military presence in Iraq winding down by the end of the year yet with jobs dominating the domestic political picture, President Obama is redirecting [...]
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It is the latest case of extreme government food tyranny, and one that is sure to have you reeling in anger and disgust. Health department officials recently conducted a raid of Quail Hollow Farm, an organic community supported agriculture (CSA) farm in southern Nevada, during its special “farm to fork” picnic dinner put on for [...]
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‘The president doesn’t care about your retirement account’ U.S. Sen. Rand Paul, R-Ky., says Democrats on the so-called congressional “supercommittee” have “walked away from the table” when it comes working out a tax deal with Republicans, as he claims President Obama doesn’t care about Americans’ retirement accounts. In an interview on radio host Sean Hannity’s [...]
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Appearing on the Sean Hannity show, Sen. Rand Paul (R-Ky.) dropped a bomb shell concerning the efforts of the congressional “Super Committee” which has been charged with eliminating 1.2 trillion from the federal budget by Nov. 23. “I have news straight from sources close to the Super Committee that the Democrats have walked away from [...]
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Jefferson County, Alabama, filed the biggest U.S. municipal bankruptcy after an agreement among elected officials and investors to refinance $3.1 billion in sewer bonds fell apart. The county, home to Birmingham, the state’s most-populous city, listed assets and debt of more than $1 billion in Chapter 9 papers filed today in U.S. Bankruptcy Court in [...]
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