Citgo Petroleum is paying tribute to the late Venezuelan dictator Hugo Chavez by reportedly flying its flags at half-staff at some of its Texas refineries. Citgo is owned entirely by the Venezuelan government. In a statement, Citgo said, “President Hugo
Data from the Bureau of Labor Statistics (BLS) suggest fears over American jobs being outsourced overseas may be overblown. In 2012, just 2,687 jobs were listed as “out-of-country relocations,” the BLS’s official designation for outsourced jobs. That works out to
The $85 billion in across-the-board sequestration cuts is not enough in deficit reduction to forestall another downgrade of the nation’s “AAA” credit rating, say top credit ratings agencies. The key to protecting America’s credit rating, say analysts, is lowering the
Recently uncovered government documents reveal that the U.S. Department of Homeland Security’s (DHS) unmanned Predator B drone fleet has been custom designed to identify civilians carrying guns and track cell phone signals. “I am very concerned that this technology will
Some on Wall Street may be celebrating the Dow hitting a record high on Tuesday, but a new report says New York City now has a record 50,000 people a night sleeping in the city’s homeless shelters. The Coalition for
The Dow Jones Industrial Average hit its highest mark ever on Tuesday, soaring to 14,226.2 at 9:40 AM. Propped up by the Federal Reserve’s stimulus purchase of over $2.5 trillion in Treasury and mortgage-backed securities, the Dow’s new record calls
An internal government email sent Monday instructed an official with a subdivision of the U.S. Department of Agriculture to make sure that sequester-related cuts inflict as much pain as possible to make sure “you are not contradicting what we said
On Monday, Federal Reserve Vice Chair Janet Yellen said the Fed must continue its aggressive purchasing of $85 billion of bonds a month to stimulate the U.S. economy and spur employment. “At this stage, I do not see any (potential
Deputy Governor of China’s central bank Yi Gang said China is “fully prepared” for a currency war. “In terms of both monetary policies and other mechanism arrangement, China will take into full account the quantitative easing policies implemented by central banks
Under President Barack Obama, the national debt has grown by more than $6 trillion, the largest increase under any president in U.S. history. According to the Treasury Department, the national public debt now stands at $16,687,289,180,215.37. On the first day
In the name of sequester-related budget cuts, the Obama Administration is moving forward with a controversial illegal immigration release program that, in the past, has produced fatal consequences. Last Wednesday, White House Press Secretary Jay Carney claimed that the Homeland
In January, Americans suffered the biggest plunge in monthly personal income in 20 years, erasing $505.5 billion of wealth from their wallets. Driving the income nosedive were the 2% payroll tax increase, soaring gas prices, and higher than typical December
Billionaire New York City Mayor Bloomberg says that, unlike American households, the federal government’s debt does not matter because “people do seem willing to lend us an infinite amount of money.” It’s not like your household. In your household, people
Billionaire New York City Mayor Michael Bloomberg is pouring his massive wealth into an anti-gun rights super PAC to defeat 2014 pro-Second Amendment candidates supported by the National Rifle Association (NRA). Bloomberg’s super PAC Independence USA, which is solely funded
On Wednesday, House Majority Leader Eric Cantor told a GOP member in a closed-door conference meeting that any Republican efforts to stymie the Senate’s version of the Violence Against Women Act from coming to the House floor would spark a
On Wednesday, the U.S. Senate voted 71-26 to confirm Jack Lew as the next Treasury Secretary of the United States. Twenty Republicans joined Democrats to confirm Lew by a greater margin than his predecessor, Timothy Geithner. Leading the conservative charge
In an appearance Tuesday before Congress, Federal Reserve Chairman Ben Bernanke hailed his inflation record as “the best of any Federal Reserve chairman in the post-war period” and said Congress and the Obama Administration should delay looming sequestration spending cuts. “The
On Tuesday, the head of Mexico’s powerful 1.3 million member teachers’ union was arrested on suspicion of embezzling $200 million in union funds. Attorney General Jesus Murillo says that Elba Esther Gordillo, 68, who has controlled the teachers’ union for
The Senate Finance Committee voted Tuesday to confirm Obama Treasury Secretary nominee Jack Lew. A floor vote is expected as soon as Wednesday, as Democrats scurry to ram through the increasingly controversial nominee. On Monday, the Wall Street Journal reported
Senate Democrats are scrambling to ram through Obama Treasury Secretary nominee Jack Lew in a Tuesday Senate Finance Committee vote followed by a rushed floor vote on Wednesday. “Obama has spent two campaigns railing against everything that Treasury Secretary nominee
Two weeks ago, Judicial Watch filed a Freedom of Information Act (FOIA) lawsuit against the National Archives And Records Administration (NARA) to unearth “assassination records” and other Robert F. Kennedy Department of Justice documents housed at the John F. Kennedy
A new report by the Government Accountability Institute has discovered that, according to the California Film Commission, Ben Affleck and George Clooney’s Oscar-winning film, Argo, received $6.21 million in California film tax credits. Last October, Affleck, a committed and vocal
A new report by the Government Accountability Institute (GAI) says Quentin Tarantino’s Oscar-winning film, Django Unchained, has applied for an estimated $8.4 million in tax credits, pending audit and review by the state of Louisiana. News of the taxpayer-funded subsidies comes
President Obama’s Treasury Secretary Jack Lew has done something unique in Washington: he has united both left and right sensibilities in opposing or criticizing his nomination on the grounds of incompetence, dishonesty, and hypocrisy. Liberal Washington Post columnist Dana Milbank
Sluggish economic growth and high debt led Moody’s to announce on Friday that it is downgrading Great Britain’s credit rating from “Aaa” to “Aa1.” The credit ratings agency cited “continuing weakness in the UK’s medium-term growth outlook, with a period
