The long-awaited announcement of another bout of money printing in England on this Thursday will prove once again that experience doesn’t modify behavior on the other side of the pond either. The initial round of money expansion, called Quantitative Easing (QE) in the States, of some $320 billion last year in the United Kingdom had little measurable effect.
Governor Mitt Romney's statement about not worrying about the poor has been treated as a gaffe in much of the media, and those in the Republican establishment who have been rushing toward endorsing his coronation as the GOP's nominee for president — with 90 percent of the delegates still not yet chosen — have been trying to sweep his statement under the rug.
When Oklahoma State Senator David Holt discovered that Oklahoma was ranked the “most anti-taxpayer state in the southern United States” by the Competitive Enterprise Institute (CEI), he decided to propose amending the state’s constitution to stop the unions’ gravy train of collective bargaining contracts without taxpayer approval. His amendment says nothing about unions or collective bargaining. All he did was explain, in his press release, that if the amendment were passed, the constitution would allow local taxpayers to approve all spending of their tax dollars by local authorities for any purpose. He stated:
When parent Jeff Travis saw a lesson sheet his son received in social studies class, he was shocked. Using propaganda that could have been disgorged by the KGB, the flier seemed to elevate communism over “capitalism.”
JBS CEO Art Thompson's video news update for February 6-12, 2012.
The news released by the Bureau of Labor Statistics (BLS) on Friday appeared to be all good: The unemployment rate was down by 0.2 percent to 8.3 percent, the lowest since the month after President Obama was inaugurated. November and December estimates were revised upward. Most private industries showed growth, including 70,000 new business services jobs, 50,000 new manufacturing jobs, and a remarkable 21,000 new jobs in the construction industry. The labor force expanded by 500,000 which appeared to indicate that more people are coming back into the market looking for work.
Marta Andreasen, the courageous former chief accountant of the European Union, will not give up. In 2002 she was fired for refusing to sign off on the European Commission’s accounts. But she has continued to hold the EU politicians and eurocrats in Brussels to account, exposing fraud, waste and corruption on her web site, http://www.martaandreasen.com. In 2009 she was elected as a Member of the European Parliament (MEP) for United Kingdom Independence Party (UKIP), an office she uses to shine the light of exposure on the dark dealings of the EU’s priviledged politicians and civil “servants.” In a January 26 article entitled “MEPs should hang heads in shame over ‘jollies,’” published by Public ServiceEurope, Ms. Andreasen exposed recent records of lavish spending by the eurocrats for foreign junkets.
The Chinese government announced on Monday that it would prohibit its airlines from paying a controversial “carbon tax” on flights to and from Europe imposed by the European Union, putting the continental regime in a tough bind as it seeks assistance from Beijing to tackle the region’s spiraling debt crisis. Unspecified retaliatory measures will be taken if the EU persists, according to Chinese officials, who say the taxes violate international treaties.
For nearly four decades Congress has ensured that federal spending rises inexorably by guaranteeing that every budget item increases automatically each year. And woe to anyone who seeks merely to reduce these automatic increases, for he shall be labeled a heartless, slash-and-burn budget cutter!
The Obama administration on Friday accelerated efforts to tame unemployment among U.S. veterans by calling for a new conservation program that would put service members — specifically those returning home from the wars in Iraq and Afghanistan — to work rebuilding roads, trails, and other projects on public lands.