Money

Terrible Idea: Elizabeth Warren Proposes Replacing Payday Lenders With The USPS

February 3, 2014
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For starters, this is little more than an antiquated agency straining for future relevance. It was never intended to be a financial agency. It should be shrinking, not looking for ways to grow.

Yes, just what we need to do. Put more taxpayer dollars into the hands of people who won’t manage...

NYTs: GOP Conservatives Best Establishment Groups in Fund-Raising

February 1, 2014
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Rebels with a cause! And, yes, I assume the NYT’s Nicholas Confessore used “rebels” as yet one more smear, impressing himself and his friends by equating conservatives with the old South. But then, that’s to be expected from these asses.

Rebel Conservatives Lead Way in G.O.P. Fund-Raising

Insurgent conservative organizations raised more money...

Same as 50 years ago: Illinois poverty remains stubbornly high

January 30, 2014
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Illinois’ overall poverty rate is the same as it was a half-century ago despite scores of state and federal aid programs and a steep drop in the number of older people struggling to get by, according to a new report that examines how the state has fared since President Lyndon Johnson...

It’s only your money: Obama to Raise Minimum Wage to $10.10/hr. for Fed Contractors

January 28, 2014
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President Obama plans to sign an executive order requiring that janitors, construction workers and others working for federal contractors be paid at least $10.10 an hour, using his own power to enact a more limited version of a policy that he has yet to push through Congress.

via Obama to Raise Minimum...

US sales of new homes drop 7 percent in December

January 27, 2014
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U.S. sales of new homes fell in December for a second consecutive month but even with the pause at the end of the year, sales for all of 2013 climbed to the highest level in five years.

Sales of new homes dropped 7 percent in December to a seasonally adjusted annual...

Cecil Chao Sze-tsung ups offer to $1 Billion in search of husband for lesbian daughter Gigi Chao

January 24, 2014
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In September of 2012 the offer stood at $65 Billion. It’s now at $1 Billion HK per link below.

Even a billion dollars would not be enough to find a man that Gigi Chao, the lesbian daughter of property tycoon Cecil Chao Sze-tsung, would be willing to marry.

“I don’t think my dad’s...

Soros, Dell dragged into Magic Johnson credit card lawsuit

January 18, 2014
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Billionaires George Soros and Michael Dell have been dragged into a nasty lawsuit against former NBA great Magic Johnson over his prepaid credit card, the Magic Card.

The moguls are principals of OneWest Bank, which entrepreneur Reed Wallace is accusing, along with the former NBA great Johnson, of stealing his...

J.C. Penney closing 33 stores, laying off 2,000

January 15, 2014
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There’s a list of stores at link below.

J.C. Penney will close 33 stores and lay off about 2,000 employees int he process, the retailer said Wednesday.

The stores are expected to be shuttered by early May.

via J.C. Penney closing 33 stores, laying off 2,000.

Weakest Month in 3 Years – Dec Jobs Growth Far Short of Expectations

January 10, 2014
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Yes, I lame Obama!

The weakest month of hiring in three years ended 2013 on a sluggish note and raised questions about whether the U.S. job market can sustain its recent strong gains.

via US Economy Adds 74K Jobs; Rate Falls to 6.7 Pct. – ABC News.

But recovery!! Retailers of all stripes sing holiday blues

January 10, 2014
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The Obama disaster continues. At least he had a nice vacation.

Several major retailers got hit with serious cases of the post-holiday blues on Thursday as their after-hours stock prices tumbled after a challenging holiday season.

Familiar retail chains — including Sears and J.C. Penney — saw stock prices decline in after-hours trading...

CA schoolteachers’ lawsuit over mandatory union dues moving forward

January 9, 2014
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A federal lawsuit filed by a group of California public school teachers saying mandatory payment of union dues violates their right of free speech is moving forward in the courts..

In essence, in California and 25 other “closed shop” states, the teachers by law must join a union as a condition of...

More Recognition that Dodd-Frank Harms Main Street

June 24, 2013
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In two high-profile forums last week, Dodd-Frank, the financial “reform” law sold as targeting Wall Street, was shown to have a devastating effect on Main Street businesses — from community banks to farmers and manufacturers.

First came a June 11 hearing before Judge Ellen Huvelle of the federal district court of the...

“Weak gains” – US employers add just 135K jobs, worse than in Winter

June 5, 2013
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A private survey shows U.S. businesses added just 135,000 jobs in May, the second straight month of weak gains.

Payroll provider ADP said Wednesday that May’s gain was above April’s revised total of 113,000. But it’s much lower than the gains ADP reported over the winter, which averaged more than 200,000 a...

Abysmal Obamanomics: U.S. households 55% poorer

May 31, 2013
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Read the whole thing:

The average U.S. household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Reserve Bank of St. Louis concluded Thursday.

The typical household has regained less than half its wealth, the analysis found. A separate Federal Reserve...

WWII vet, 91 year-old John Potter ‘saved from daughter’s eviction’ – $138K raised online

May 21, 2013
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I posted on the plight of John Potter when the story first broke about 6 days ago.

(more…)

Former IRS commissioner Douglas Shulman drops bid to join CBOE board

May 21, 2013
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Actions have consequences – via  Reuters.

A former U.S. Internal Revenue Service commissioner has withdrawn his bid to join CBOE Holdings Incs board of directors as he faces fire for the agencys targeting of conservative groups for extra tax scrutiny.

Douglas Shulman, who led the IRS from 2008 to 2012, withdrew his candidacy to...

Rand Paul Wants Apology For Witch-hunt As Levin And McCain Target Apple Cheered on By India

May 21, 2013
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This is, in some ways, an international issue and as usual McCain is moving in lock-step with Leftists – see Cheered On By India, Levin And McCain Will Grill Apple’s Cook – Forbes.

Indeed, the Paris-based Organization for Economic Cooperation and Development, which sets guidelines on international tax for its 34 member...

Price Caps On Swipe Fees Cost You Bank Bucks

May 21, 2013
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Via Rob port, link below. The more Congress screws with our financial systems, the worse they get. Funny how that happens!

Three years ago Monday the Senate passed the Durbin Amendment to the Dodd-Frank Banking Bill which sought to make the retail experience for Americans cheaper by capping the fees for...

I Killed Breitbart: The Kickstarter Campaign by Chris Faraone

May 20, 2013
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So, this pathetic ass Chris Faraone wants to raise money for a book and appears to be bragging that he killed Andrew Breitbart? Have at him.

A book about indicting right-wing demagogues and causing conservative consternation. (more…)

Change! More poor now live in suburbs than urban areas

May 20, 2013
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I hope they don’t think this should make anyone feel better about anything? Five years in, it would be nice to see some agreement that the Obama-conomy has failed. It always was more ‘con’ than economy anyway.

As poverty mounted throughout the nation over the past decade, the number of poor people...

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