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The April jobs report and the part-time recovery

Posted by: Phineas on May 3, 2013 at 3:15 pm » 5 Comments

**Posted by Phineas The Bureau of Labor Statistics released it’s report for April today, showing numbers that should at least be slightly good news for the administration: unemployment down to 7.5% and 165,000 jobs added. Recovery!! AEI’s James Pethokoukis says “not so fast:” US job growth in April beat economist expectations as nonfarm payrolls rose 165,000, and the [...]

 

Hide your IRAs: Obama admin. — “We think you’ve saved enough!”

Posted by: Phineas on April 12, 2013 at 6:36 pm » 5 Comments

**Posted by Phineas Or maybe it’s the off-ramp to Cyprus. Over at lefty blog Talking Points Memo (h/t Joel Gehrke), Brian Beutler has noted an interesting item in the White House’s latest budget proposal: a cap on the amount one is allowed to save in tax-deferred accounts. Anything over that is open to the taxman. Per the budget, [...]

 

Defining madness: Obama administration encouraging sub-prime mortgages

Posted by: Phineas on April 4, 2013 at 1:01 pm » 7 Comments

**Posted by Phineas Isn’t this how we got into the current mess? The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused [...]

 

(Video) Canaries in the Coal Mine

Posted by: Phineas on March 27, 2013 at 4:47 pm » 3 Comments

**Posted by Phineas Call this a follow up to my worries that Cyprus is a warning and this morning’s post about America being in danger of becoming Europe. In this latest “Afterburner,” Bill Whittle warns us that, with the European Union lurching from fiscal crisis to fiscal crisis, and with the US headed by an [...]

 

Eurozone Chief: Cyprus was just the start

Posted by: Phineas on March 26, 2013 at 2:37 pm » 4 Comments

**Posted by Phineas Hoo, boy. I just had a feeling that, once the the EUrocracy learned it could take depositors’ money at will without a total meltdown, the temptation to do it again (and again and again and again…;) would be too great to  resist. Thus we read in the Telegraph: Cyprus bail-out: savers will [...]

 

Britain’s Green chickens are coming home to roost, as will ours, soon

Posted by: Phineas on March 25, 2013 at 1:45 pm » 3 Comments

**Posted by Phineas Christopher Booker in last Saturday’s Telegraph: “It’s payback time…” As the snow of the coldest March since 1963 continues to fall, we learn that we have barely 48 hours’ worth of stored gas left to keep us warm, and that the head of our second-largest electricity company, SSE, has warned that our generating [...]

 

Sunday Links Fiesta: Takin’ the day off edition

Posted by: Phineas on February 17, 2013 at 2:58 pm » Comments Off

**Posted by Phineas It’s a beautiful day here in Southern California: sunny, not too warm, and a bright cloudless sky. A good day for getting out and about and maybe having a late lunch down by the beach. Or just taking the first of several naps.  But, fear not! You’ll not be bereft of reading [...]

 

The progressive war on the middle class: Kansas vs. California

Posted by: Phineas on February 12, 2013 at 4:01 pm » 3 Comments

**Posted by Phineas A few days ago, reactionary liberal E.J. Dionne wrote a piece in The Washington Post, part of which he devoted to bashing states that implement conservative fiscal and governance policies. And he singled out Kansas, the state with perhaps the most “Tea Party” government, for a ritual “two minutes hate:” In some [...]

 

Egyptian Government to Egyptians: “It’s your fault there’s not enough food.”

Posted by: Phineas on February 6, 2013 at 3:50 pm » 4 Comments

**Posted by Phineas That’s the message from the government of President Mohammad Mursi when, faced with the reality that they cannot afford to buy enough food to feed everyone in a country with 40% unemployment, they tell Egyptians to shut up and eat less: “Even Islamists have to eat,” I wrote under the headline “Food [...]

 

More #Obamacare job losses. This thing needs to be killed.

Posted by: Phineas on February 2, 2013 at 6:06 pm » 6 Comments

**Posted by Phineas And the good news (1) keep rolling in: Hospital layoffs and the Affordable Heath Care Act The Affordable Care Act is designed to make health care easier to get, but now, one local hospital says Affordable Health Care is the reason it is laying people off. Clifton Springs Hospital let almost 60 non-clinical employees [...]