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IRS apology on targeting 75 Tea Party groups is NOT EVEN CLOSE to enough

Posted by: ST on May 10, 2013 at 6:26 pm » 13 Comments

I wish I could say I was shocked by this disturbing news (via) but I am most certainly not (bolded emphasis by me): WASHINGTON (AP) — The Internal Revenue Service apologized Friday for what it acknowledged was “inappropriate” targeting of conservative political groups during the 2012 election to see if they were violating their tax-exempt status. […]

 

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 […]

 

Great News: #ObamaCare officials not impacted by federal furloughs

Posted by: ST on April 25, 2013 at 1:25 pm » 2 Comments

Good to know: The office implementing most of President Obama’s healthcare law is not furloughing its workers as a result of sequestration, its director said Wednesday. Gary Cohen, director of the Center for Consumer Information and Insurance Oversight, said Wednesday that his office has not cut its workers’ hours and pay as a result of […]

 

New maker of Twinkies: Non-union workers will be used to restart plants

Posted by: ST on April 24, 2013 at 7:03 pm » 8 Comments

Let the OUTRAGE!!!!!!! begin: The company that bought the Twinkie, HoHo and Ding Dong brands out of bankruptcy is gearing up to reopen plants and hire workers, but it won’t be using union labor. Hostess Brands LLC—Metropoulos & Co. and Apollo Global Management LLC’s APO -2.11% new incarnation of the baking company that liquidated in […]

 

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, […]

 

AP: Economy “recovering”, but unemployed giving up on the job market in droves

Posted by: ST on April 7, 2013 at 11:44 am » 4 Comments

The whole article paints a distinctly dismal picture of what the job market looks like right now, but the Associated Press still manages to twist the state of unemployment affairs and the jobs situation as a “recovery”, an “improving economy” (bolded emphasis added by me): WASHINGTON –  After a full year of fruitless job hunting, […]

 

Quote of the Day: Doing business in Texas vs. California edition

Posted by: Phineas on April 1, 2013 at 1:01 pm » 5 Comments

**Posted by Phineas An observation on why Texas might have more appeal to business owners, from John Harrington, owner of Shield Tactical, who recently relocated his company from Orange County, California, to Austin: In Texas, he said, “it’s an iota of bureaucracy.” In California, “it’s like before you put up your range you have to […]

 

The death of common sense in America

Posted by: Phineas on March 31, 2013 at 2:05 pm » 3 Comments

**Posted by Phineas Writing on the rolling global financial crisis, the Diplomad shakes his head at the foolishness reigning in the US today: The western world continues on a totally unnecessary suicidal path. What was once common sense is no more. Everywhere one looks, the insanity is evident: The refusal to deal with real issues and the […]

 

This is why California can’t have nice things: taxing email

Posted by: Phineas on March 28, 2013 at 1:01 pm » 2 Comments

**Posted by Phineas Not yet, but a Berkeley (natch) city councilor thinks it’s a grand idea: Gordon Wozniak, a Berkeley city councilman, proposed taxing email messages during a recent city council meeting in an effort to reduce the spread of “spam,” or unwanted emails. Wozniak also said an email tax could raise money to keep […]

 

Bad news for Dems: On the economy, Obama’s advantage over GOP is gone

Posted by: ST on March 24, 2013 at 10:32 am » 4 Comments

So reports Micah Cohen at the NYT’s 538 blog (hat tip): During the debate over the so-called fiscal cliff in December, public opinion surveys showed more Americans trusted President Obama than trusted Republicans in Congress when it came to handling the nation’s economy. The New Year’s Day deal to avoid going over the cliff, which included higher marginal tax rates […]