The Robin Hood Tax, properly called the Tobin Tax, is being resurrected by two Democrats to raise money under the guise of helping to stimulate the economy.

The City of San Francisco, outraged at Apple's decision to depart from environmental standards, has announced its boycott of Apple's computers. San Francisco’s ban on the purchase of Apple computers came in the aftermath of the Cupertino-based company’s decision to withdraw from participating in the “Electronics Product Environmental Assessment Tool” (EPEAT) ranking of consumer electronics.

Two California cities, San Jose and San Diego, the tenth- and eighth-largest cities in the country respectively, just voted overwhelmingly in favor of ballot measures to rein in union pensions.

The Obama campaign has been vocal in its dissent of job outsourcing, using Romney’s past business endeavors as an indication of his performance on domestic job-creation. However, Obama’s $787-billion American Recovery and Reinvestment Act funneled millions of federal dollars to companies that shipped American jobs overseas.

 

 After three extravagant and costly days of trying to “save the world” at the United Nations Rio+20 Conference on Sustainable Development, the final outcomes were announced to the world. More than $500 billion was pledged to the so-called “sustainability” cause by governments, Big Business, and multilateral development banks. Also, a 50-page agreement bizarrely dubbed “The Future We Want” was adopted by virtually every national government on Earth. It was hardly everything UN supporters had sought, but progress was certainly made on moving their vision forward.

 

When President Obama boasts of the number of jobs created during his administration, the numbers he cites may be correct, but he doesn't count the other jobs that were lost during his administration. His critics cite the latter. Both can claim to be right because they are talking about different things.

What has been the net effect? During this administration, the proportion of the working age population that has a job has fallen to the lowest level in decades. The official unemployment rate does not count the millions of people who have simply given up looking for a job.

 JBS CEO Art Thompson's video news update for July 9-15, 2012.

 What happens when we define "fairness" as equality? Do we increase the productivity, output, and overall standard of living in society by treating the most successful as undeserving and overly compensated winners in the “lottery of life”? Would we have better movies, better technology, more freedom, more excellence, more jobs, less poverty, and more global competitiveness if the government had forced Steve Jobs and Meryl Streep to step aside in order to produce more mandated equality or in order to benefit their competitors?

 Farmers are celebrating the defeat of a proposed federal law that would have barred children from operating power equipment on private land, which would have barred kids from helping with milking cows and feeding animals, amongst other restrictions.

Disregarding the state’s mounting budgetary woes, California lawmakers green-lighted the first phase of construction on a controversial high-speed rail line that has become littered with financial hiccups and logistical roadblocks.

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