Increasing gun sales are driving revenues and profits at Smith & Wesson and Sturm, Ruger & Company, thanks to Obama, "preppers" — and even "zombies."
Republican presidential candidate Mitt Romney promised August 30 to create millions of jobs — 12 million of them, in fact — if he is elected president in November. He said: "What America needs is jobs. Lots of jobs.... I am running for president to help create a better future … a future where everyone who wants a job can find a job.…"
His five-point plan consists of attaining energy independence by the year 2020, strengthening the educational system, forging new trade agreements with foreign countries, cutting the deficit with the ultimate goal of balancing the budget, helping small businesses, and repealing ObamaCare. With the possible exception of “helping small businesses” — whatever that means — nothing in his plan addresses the issue of job creation.
A union-owned bank agreed to loan Scranton, Pennsylvania, $6 million on condition that all city union members be paid in full, and that all of Scranton's tax revenues be sent directly to the bank to pay off the loan.
The hyperbole surrounding the White House's announcement yesterday of much higher fuel economy mandates is in sharp contrast to what consumers really want.
Federal Reserve Chairman Ben Bernanke is expected to give his annual Jackson Hole speech on August 31 while the world waits in anticipation. They are likely to be disappointed.
In past years, the invitation-only event hosted by the Kansas City Fed in Jackson Hole, Wyoming, has been an opportunity for Bernanke to suggest future Fed policy actions. In 2010 he said that a second round of stimulus — called QE2 for Quantitative Easing Round Two — was likely, and in November the Fed began its purchase of another $600 billion of long-term debt securities.
Since then little has changed: Unemployment remains significantly above eight percent, the housing market remains largely moribund, gross domestic product remains barely positive, and consumer confidence is waning.
In his final column as Public Editor for the New York Times, Arthur S. Brisbane concluded that the paper's progressive world view "bleeds through" every department of the paper. But it’s certainly not because of any conspiracy, says Brisbane, just a meeting of like minds in promoting a worldview that editors and writers share: urbane, worldly, and flexible.
In his article in London’s Financial Times, professor Jeffrey Sachs laments the inevitable shrinkage in America’s federal government, regardless of which political party takes the White House in November. Calling the national elections “a full-throated ideological brawl … the small-government agenda has already prevailed. No matter who is elected on November 6, dangerous cuts in public goods and services are already in train.”
15-term House member Edolphus Towns (D-N.Y.) has been milking the system for years, the latest being obtaining VIP treatment from Countrywide Financial and then denying it.
Thanks to the Heritage Foundation's report on Taxmageddon, taxpayers became aware of the $500 billion of new taxes the government is expected to extract from the economy starting the first of the year. What they didn’t learn is how devious and pernicious some of those taxes are because they are buried so deeply in the ObamaCare monstrosity, otherwise known perversely as the Patient Protection and Affordable Care Act. The Orwellian title is exactly the opposite: Patients won’t be protected and medical care will become less affordable.
Moody’s, one of the big three credit rating agencies, has announced new rules to be effective on September 1 that bring an additional dose of reality to the size of the funding gaps that currently exist with public pension plans.