While the Obama administration and the mainstream media attempt to paint Americans enjoying a current economic recovery – the facts tell a very different story. After some 5 TRILLION dollars in deficit spending, job growth remains as stagnant as ever under the yoke of the Obama presidency: There are a couple of interesting observations to be made from […]
Finance Minister Yuval Steinitz met with representatives of Moody’s Investors Service over the weekend and asked them to raise Israel’s credit rating, the financial newspaper Calcalist reported on Sunday. The report noted that the representatives are currently visiting Israel. In September, the world’s largest credit rating agency, Standard Poor’s (SP), raised Israel’s credit rating from […]
Number of the day 88 million That’s how many working-age Americans don’t have a job and aren’t trying to find one anymore. The increase in people dropping out of the labor market altogether skews the otherwise-positive unemployment numbers released last week. While the jobless rate fell to 8.3 percent in January – a three-year low […]
At this State of the Union address, President Obama proudly stated that “American oil production is the highest it’s been in eight years” and declared that his Administration would “open more than 75 percent of our potential offshore oil and gas resources.” While President Obama spoke favorably of the role that oil and gas development […]
BIDEN: Even call centers, even call centers rushed over seas, hundreds of thousands. How many times you get the call, ‘I like to talk to you about your credit card’? Or that ad on TV, what is it? ‘Nancy, this is Nancy, can I talk to a supervisor?’ Right? Ok? Well, it’s a little overdone […]
According to economist John Williams of Shadow Government Statistics, the unemployment rate for the month of December 2011 was closer to 22.4 percent–not the 8.5 percent reported by the Bureau of Labor Statistics. Obama’s 8.5% is far removed from reality. To get closer to the real number, we must consult the (U6) figure that is […]
Youngstown, Ohio, had a rockin’ New Year’s Eve, but not the kind it hoped for—a 4.0 magnitude earthquake shook the city just one week after a 2.7 magnitude earthquake hit. Fortunately, there was no significant damage or injuries; the focus has primarily been on the cause of the earthquake. Although no definitive connection has been […]
A 25-year-old waitress who turned down a job providing “sexual services” at a brothel in Berlin faces possible cuts to her unemployment benefit under laws introduced this year. Prostitution was legalised in Germany just over two years ago and brothel owners – who must pay tax and employee health insurance – were granted access to […]
In a weak economy, the government should not erect barriers to hiring. But two government policies have hindered the already slow recovery: increases in the minimum wage and government unionization. Eliminating these policies would not be enough to spur a robust recovery—the cause of our current economic weakness goes far beyond these measures—but removing them […]
The framers of the Constitution required the President to get the consent of the Senate before appointing senior government officials. They wanted to prevent the President from appointing those who would abuse the public trust. President Obama’s purported appointment of Richard Griffin to the National Labor Relations Board (NLRB) yesterday illustrates the importance of this […]
