Chriss W. Street

Latest News

EBT California (Rich Pedroncelli / Associated Press)

Report: California’s High Welfare Benefits Attract New Immigrants

In a report entitled "Immigrants Tend to Live in High Welfare Benefit States," published on Jan. 26, 2015, the National Bureau of Economic Research (NBER) determined that “the generous welfare benefits offered by some states have magnetic effects and alter the geographic sorting of immigrants in the United States"--attracting many to California.
Oil Train (Matt Brown / Associated Press)

More Oil-Trains Headed for California

On Sunday, the Center for Biological Diversity held a public forum at the San Jose City Hall to educate residents about what they believe are the dangers of so called oil-trains. According to the Center, tar sands oil and heavy crudes that will be brought in from Canada are most toxic, carbon intensive and dirtiest fuels on the planet.
Louisa Gouliamaki / AFP

Beware of Greece Demanding Debt Relief

Insolvent Greece is at the center of the European Financial Crisis that has led to a 20 percent devaluation of the exchange rate of the euro against the U.S. dollar. Polls indicate that in parliamentary elections on Sunday, the main leftist and center-right parties will finish one and two.
Euro-Notes_Reuters

Germany Carves Out a Backdoor Exit from the Euro

The European Central Bank (ECB) gave the Left and their allies meeting in Davos, Switzerland, everything they could have hoped for with the announcement that they have agreed to print $1.13 trillion of new cash to buy the national debt of their insolvent members. But “hidden within the announcement is evidence of Germany's weakening commitment to the European project,” according to Stratfor.
Apple Sweatshop in China

Apple & Friends Hammered for Employment Fraud

Apple, Google, Adobe and Intel, whose politics are often to the far left, have agreed to pay $415 million to resolve a class-action lawsuit alleging they conspired as an illegal cartel to suppress tech workers’ wages through secret “non-poaching” agreements involving 64,000 employees.
AP

Google to Blow-up Wireless Duopoly

Eric Schmidt told the World Economic Forum in Davos, Switzerland this week that "the Internet will disappear.” As he was speaking, The Information, The Verge and the Wall Street Journal reported that Google plans to run a new wireless service that resells the wireless services it already buys wholesale from the Sprint and T-Mobile networks. Google, Sprint and T-Mobile all declined to confirm or deny the reports.
Facebook (Associated Press)

Facebook Banishes Competition from News Feed

Facebook intends to use this knowledge to develop algorithms that can “scalably” silence what it deems to be “noise” in users’ accounts. But what they are really after is to hide un-paid crap, to free up more user space for the good Facebook-paid crap.
AP Photo/Gregory Bull

Middle Class Hits 50 Year Low on President Obama’s Watch

President Barack Obama in his State of the Union speech said, “The verdict is clear, middle class economics works.” Obama said lots of words about how the U.S. economy has improved, but he avoided the “numbers” regarding how or if that improvement had reached the middle class. If the president had used the “numbers,” he would have to explain why real middle class paychecks hit a 50 year low on his watch.

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