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Two Men Plead Guilty to $2 Million Food Stamp Fraud

Two Men Plead Guilty to $2 Million Food Stamp Fraud

Two Cleveland men plead guilty on Monday to committing $2 million in food stamp fraud. Brothers Saed (Sam) Wahdan and Maher (Mario) Wahdan took food stamps at four Cleveland stores in exchange for ineligible goods like beer and cigarettes, says

German Global Warming Fears Plunge

German Global Warming Fears Plunge

A poll by German publication Spiegel finds that just 39 percent of Germans now fear global warming, down from 62 percent in 2006.  Spiegel says the dramatic shift in public attitudes could be attributable to the fact that average global

NYT: Obamacare 'Significantly Limiting' Patient Choices

NYT: Obamacare 'Significantly Limiting' Patient Choices

On Sunday, the New York Times reported that “many insurers are significantly limiting the choices of doctors and hospitals available to consumers” due to Obamacare.    As Times reporter Robert Pear notes, “having an insurance card does not guarantee access

Casino Slashes Worker Hours to Avoid Obamacare Fines

Casino Slashes Worker Hours to Avoid Obamacare Fines

Hollywood Casino in Grantville, Pennsylvania has told its part-time workers that they may no longer work over 30 hours. The reason: Obamacare.  “Not the first, won’t be the last,” Gene Barr of the Pennsylvania Chamber of Business and Industry told

GAO: 36,000 on Disability Received $1.29 Billion in Improper Payments

GAO: 36,000 on Disability Received $1.29 Billion in Improper Payments

Last week, the Government Accountability Office (GAO) found that roughly 36,000 individuals since January 2013 have received $1.29 billion in potentially improper cash disability insurance payments.  Disability enrollments have exploded in recent years. Since 2009, 5.9 million people have been

Fisker Flop: Car Company Owes Taxpayers $168 Million

Fisker Flop: Car Company Owes Taxpayers $168 Million

The Obama Administration announced on Tuesday it plans to auction off its remaining $168 million loan to Fisker Automotive–the “near-dead” and “once-glamorous maker of plug-in hybrid cars”–reports USA Today. Originally, Fisker scored $528 million in taxpayer-backed loan dollars but did

House Passes Food Stamp Reform, 15 Republicans Defect

House Passes Food Stamp Reform, 15 Republicans Defect

House Majority Leader Eric Cantor (R-VA) scored a major legislative achievement as he led House conservatives to a 217-210 victory on Thursday’s vote for the GOP’s food stamp reform bill.  “This bill is designed to give people a hand when

Obamacare Software Glitch Providing Wrong Prices

Obamacare Software Glitch Providing Wrong Prices

An Obamacare software glitch is now incorrectly tabulating how much people must pay for health insurance, according to a report from the Wall Street Journal.  “There’s a blanket acknowledgment that rates are being calculated incorrectly,” a senior health insurance executive told the WSJ.

Obama: Healthcare Law 'Starting to Bear Real Fruit'

Obama: Healthcare Law 'Starting to Bear Real Fruit'

With just ten days to go until Obamacare’s insurance exchanges begin, President Barack Obama touted the crony capitalist benefits of his healthcare overhaul to corporate executives Thursday.  “The cost of healthcare is now growing at the slowest rate in 50

Sen. Sessions: Time to 'Defend Working Americans'

Sen. Sessions: Time to 'Defend Working Americans'

Ranking Member of the Senate Budget Committee Sen. Jeff Sessions (R-AL) said in a speech Thursday that the moribund U.S. economy and cronyism have effectively waged economic war on the working class. “‘Quantitative easing’ has boosted wealth in the investor

Obama Vows Veto of House Food Stamp Bill

Obama Vows Veto of House Food Stamp Bill

With the House expected to vote this week on a Republican food stamp reform bill designed to reduce fraud and encourage self-sufficiency, Democrats have launched a full-scale effort to oppose the measure. “These cuts to SNAP [Supplemental Nutrition Assistance Program]

Fed Reserve to Continue $85 Billion a Month Quantitative Easing

Fed Reserve to Continue $85 Billion a Month Quantitative Easing

The Federal Reserve announced on Wednesday it will continue its unprecedented $85 billion a month bond-buying strategy despite earlier indications it would begin tapering its controversial quantitative easing policies.  The announcement comes as the Fed has downgraded its outlook for the

73% of Americans Don't Know What 'Quantitative Easing' Means

73% of Americans Don't Know What 'Quantitative Easing' Means

For years, conservatives and libertarians have railed against the Federal Reserve’s controversial three rounds of “quantitative easing” (QE for short) that pumped $2.8 trillion through its $85 billion monthly bond-buying scheme.  However, a new Reuters/Ipsos survey finds that 73% of

CBO: U.S. Debt to Hit 190% of GDP in 25 Years

CBO: U.S. Debt to Hit 190% of GDP in 25 Years

A Congressional Budget Office (CBO) report released Tuesday projects that the federal public debt, currently at 73% of GDP, will hit 100% by 2038. However, as James Pethokoukis of the American Enterprise Institute points out, buried inside the CBO analysis is

Starbucks CEO: Obamacare 'Good Thing for the Country'

Starbucks CEO: Obamacare 'Good Thing for the Country'

Starbucks CEO Howard Schultz says Obamacare is “a good thing for the country.”  The coffee giant chief’s comments came during a CNBC interview with anchor Maria Bartiromo.  “On balance, I would say the health care law, to provide health insurance

Census: Typical Family Makes Less Today Than in 1989

Census: Typical Family Makes Less Today Than in 1989

A Census Bureau report released on Tuesday reveals that the typical American family now earns less than it did in 1989. In 1989, median household income was $51,681 (in current dollars). In 2012, median household income was $51,017.    Photo source: The

Judge Rules Feds Can Seize Iran-Backed Manhattan Tower

Judge Rules Feds Can Seize Iran-Backed Manhattan Tower

Manhattan Federal Judge Katherine Forrest has ruled that federal authorities may seize a 36-story Fifth Ave. tower linked to Iran estimated to be worth $500 million to $700 million. “The court has found that, based on incontrovertible record evidence,” the building at

Record Number of Americans Call Themselves 'Lower Class'

Record Number of Americans Call Themselves 'Lower Class'

In 2012, 8.4% of Americans identified themselves as “lower class,” the highest rating ever recorded in the four decades the General Social Survey has asked the question.  The Los Angeles Times says that for people like Chris Roquemore, who are

Over 100 Emory Healthcare Workers Laid Off Over Obamacare

Over 100 Emory Healthcare Workers Laid Off Over Obamacare

Over 100 Emory Healthcare workers have been laid off because of Obamacare. Layoff letters went out last week; the firings go into effect November 15th.  WSB-GA Action 2 reporter Erica Byfield says a “furious” worker contacted the station and passed

Denied: WH Refuses Union Pleas for Obamacare Waivers

Denied: WH Refuses Union Pleas for Obamacare Waivers

A White House official said on Friday that the Obama Administration “does not see a legal way” to give Big Labor the taxpayer-funded Obamacare subsidies it vigorously argues it deserves and needs. The announcement was made in a Treasury Department

Politico: 'Obamacare D-Day Becomes A Soft Launch'

Politico: 'Obamacare D-Day Becomes A Soft Launch'

In an article titled “Obamacare D-Day Becomes a Soft Launch,” Politico reporter Jennifer Haberkorn says the Obama Administration is busy “tamping down any expectations of a sign-up stampede” 16 days before the government’s “switch is flipped on the new state