Obama Makes New Push for Minority Mortgages
The Obama administration is demanding that minorities again receive preferences to qualify for mortgages–the same policy that helped trigger the sub-prime mortgage crisis and the 2007-8 financial crash.
Economics
In Address to Congress, Pope Francis Praises American Capitalism
Pope Francis took advantage of his historic address to the U.S. Congress to lecture politicians on the importance of wealth creation for lifting the poor out of poverty.
Short on Money, Greece Brings Back the Barter System
Greeks are getting around what is delicately described as a “liquidity problem”—i.e. no money—by bringing back the barter system. It even has an Information Age twist: a bartering website with its own virtual currency system, and thousands of users.
CDC Data Show Staggering Obesity Rates Among Ethnic Groups
Data from the Centers for Disease Control and Prevention’s Behavioral Risk Factor Surveillance System reveals some stark disparities of obesity rates among different ethnic groups in the U.S.
Don’t Expect Pope Francis to Condemn U.S. Capitalism
Everyone knows that Pope Francis is capitalism’s number one critic, and he has been waiting for his U.S. visit to scold Americans on the economy, right? Not so fast. The fact is, that Francis has never been an enemy of capitalism and actually believes the free market is a good thing, as long as it has “limits.”
L.A. Claims $100M Homeless ‘State of Emergency’ in Pursuit of 2024 Olympics
The City of Los Angeles is preparing to declare a state of emergency on the epidemic levels of homeless population and is planning to use $100 million dollars to spearhead the fight that one councilman suggested is a precursor to
White House: Defunding Planned Parenthood Would Be Bad for the Economy
The White House criticized the Republican effort to defund Planned Parenthood as bad for the economy, pointing to the potential shutdown of the abortion corporation’s clinics.
Not All Energy Created Equal
Congress has taken action that actually advances free markets and limits government intrusion.
China Turns to Islamic Finance to Expand Silk Road
(Reuters) Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks strengthen ties with Muslim-majority countries and Chinese companies start to tap offshore pools of Islamic funds.
Art Garfunkel Warns Influx of Muslims ‘Could Change the Nature of Europe Forever’
Art Garfunkel, of Simon and Garfunkel fame, recently told the Daily Mail that the influx of Muslim migrants into Europe “could change the nature of Europe forever.”
Gov. Jerry Brown to Sign New Equal Pay Law
California Governor Jerry Brown has indicated that he will sign a bill to provide female employees with more tools to enforce equal pay in the workplace.
Mike Huckabee on Club for Growth: No Credibility, Praised Democrat Alan Grayson
GOP presidential candidate former Arkansas Gov. Mike Huckabee went after the conservative organization Club for Growth, saying the organization is not credible as it has criticized conservative records while supporting Democrat Alan Grayson.
Unions Cringe as Apple Joins Rush for Driverless Vehicle Road Test
The 15 miles that separate Apple and Stanford University now have tech centers for 11 car makers, if you include Apple and Google. Although each company is spending spectacular amounts of money on developing driverless cars, Apple may be about to take the lead by being the first company to gain the state’s DMV permission to test artificial intelligence cars on public roadways.
Dodd-Frank Fail: Reduces Home Loan Qualifiers by Half, Hedge Funds Reap Huge Rewards
The Obama Administration’s Dodd-Frank Act, passed early in his first term to supposedly punish Wall Street, has had the adverse effect of actually making billions for Wall Street hedge funds by cutting in half the percentage of Americans that could
Obama: ‘Nothing Patriotic’ About Denying Economic Progress
President Obama declared, “There’s nothing patriotic about denying the progress you’ve worked so hard to make” while discussing the economy during Saturday’s Weekly Address. “Hi, everybody. It’s hard to believe, but it was seven years ago this week that one
Populist-in-Chief: Mike Huckabee Says Humble Roots Connect Him With America’s Working Class
ANAHEIM, California — Former Arkansas Governor and Republican presidential candidate Mike Huckabee expanded upon his platform’s emphasis on building America’s economy and strengthening its military, during Friday’s annual California GOP Convention.
Federal Reserve Decides Not to Hike Interest Rates
The Federal Reserve is keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.
Carson: We ‘Have to Have Two Minimum Wages’ and Have Min Wage ‘Index’
Republican presidential candidate Dr. Ben Carson said that he is “probably, or possibly” in favor of raising the minimum wage, but that it should be indexed, and the country needs two minimum wages at Wednesday’s primetime debate on CNN. Carson
‘Alexis Betrayed Us,’ Greek Youth Lament, as Syriza Slumps in Polls
As Greece braces for parliamentary elections on September 20, ruling Radical Left party Syriza finds itself slipping in the polls and possibly handing the nation back to the center-right, chasing an ever-elusive youth vote.
In 3-2 Vote, L.A. Rejects Exemptions to New Minimum Wage
Two members of the Los Angeles County Board of Supervisors who wanted to exempt some employers from a minimum wage hike lost their battle on Tuesday.
Grassley: New Obama Immigration Policy Guidance Could Displace U.S. Workers
Senate Judiciary Committee Chairman Chuck Grassley (R-IA) is pressing the Obama administration on a policy memorandum that he fears could result in the further displacement of U.S. workers.
Aerospace Booms in Alabama, Shrivels in California
Just weeks after Boeing sold off all the equipment at its 1.1 million square foot Long Beach, CA factory, Europe’s Airbus officially opened in Alabama what the company promises will be the most cost-efficient commercial airliner assembly plant in the world.
Study: Student Loan Crisis? Not Among 4-Year College Grads with Supportive Families
A study finds that student loan default rates among students with supportive families who earn a four-year college degree are low compared to low-income borrowers who attend schools associated with low labor market outcomes.
Trump: I’d Put a 35% Tax on Cars Made In Mexico
Republican presidential candidate Donald Trump said he would impose a 35% tax on any cars made in Mexico to keep companies from moving out of the US. Discussing a scenario where a car company wanted to build a plant in Mexico,
India’s Prime Minister Modi Does a Victory Lap in Silicon Valley
With the two hottest stock markets since the March 9, 2009 bottom being India and the United States, it should not be surprising that India’s Prime Minister Narendra Modi is headed to California’s Silicon Valley to celebrate Indian/American entrepreneurship.
