All News


Earnings Show Recession May Be ‘Fast Approaching’…

(CNBC) – While this quarter’s earnings reports have crossed a substantially lowered profit bar, future expectations through the year indicate a recession could be on the way. Estimates for the third and fourth quarters have been dropped to levels not seen since the days of the 2008 financial crisis, below even the muted 2 percent […]

July 22, 2012, 9:24 pm ·

‘Minority Report’ software hits the real world…

(France 24) – The software behind the film “Minority Report” — where Tom Cruise speeds through video on a large screen using only hand gestures — is making its way into the real world. The interface developed by scientist John Underkoffler has been commercialized by the Los Angeles firm Oblong Industries as a way to […]

July 22, 2012, 9:22 pm ·

US 10-Year Treasury Yield Drops to Record Low…

(CNBC) – Yields on U.S. benchmark 10-year Treasuries hit a record low of 1.4365 percent in early Asian trade on Monday on market concerns Spain may need a full-fledged bailout after an indebted Spanish region requested financial aid. http://www.cnbc.com/id/48279904

July 22, 2012, 9:21 pm ·

Spent $2.6 million — on polling?

(Weekly Standard) – Campaign disclosure forms for Obama for America, President Obama’s reelection team, reveal a heavy emphasis on public opinion polling. According to the forms, in the month of June alone, Obama for America spent a whopping $2,639,265.72 on polling. This appears to be a record this election cycle. And it does not include […]

July 21, 2012, 7:28 pm ·

Paid $93k for Half-Empty Stadium Kick-Off Event…

(Weekly Standard) – According to disclosure forms with the Federal Election Commission, President Obama’s reelection team appears to have paid $92,751.50 to rent the Ohio State University’s Jerome Schottenstein Center, the site of the campaign’s much touted kick-off even in May. The disclosure appears on records of the campaign’s June spending, though the event took […]

July 21, 2012, 7:26 pm ·

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE…

  (AP) – Amid a heavy barrage of advertising by opposing “super” political groups, President Barack Obama’s re-election campaign spent more than it collected in June. While outraised again by Republican Mitt Romney, Obama ended the month with a hefty $97.5 million in the bank. June was the second consecutive month in which Romney brought […]

July 21, 2012, 7:21 pm ·

Rich Getting Poorer; Paying More Taxes…

(CNBC) – The presidential election has given us two myths about the rich. First, that their incomes, and income inequality, are at all-time highs. Second, that the wealthy pay less in taxes than ever, and lower taxes than the rest of us. A recent report from the Congressional Budget Office, however, suggests that both may […]

July 20, 2012, 9:25 pm ·

DeMint: Give Palin Major Speaking Role at Convention

(News Max) – Powerful conservative Sen. Jim DeMint, R-S.C., thinks former Alaska Gov. Sarah Palin deserves a prime speaking position at the Republican convention. “I’d love to see Sarah Palin have a big slot — as far as speaking — because there’s no one still in America that excites the base of conservatives and even […]

July 20, 2012, 8:58 pm ·

Rep. Gosar: Obama ‘Desperate’ for Re-election

(News Max) – Arizona Rep. Paul Gosar tells Newsmax.TV that he would support a lawsuit blocking the Obama administration from initiating its plan to grant amnesty to certain children of illegal immigrants. “I will and do. You know this is an overreach by the president in regards to the privileges of Congress and Congress only,” […]

July 20, 2012, 8:52 pm ·

Obama marks Ramadan…But Doesn’t Celebrate Christmas

(Politico) – In a statement, President Obama commemorated the Muslim holiday of Ramadan — calling it a time to “cherish family, friends, and neighbors, and to help those in need.” “On behalf of the American people, Michelle and I extend our warmest wishes to Muslim Americans and Muslims around the world at the start of […]

July 20, 2012, 8:48 pm ·

George W. Bush to skip GOP convention…

(USA Today) – Former president George W. Bush will not attend the GOP convention next month. A spokesman for the 43rd president, who has largely stayed out of politics since leaving the White House, said he has declined an invitation to attend. “President Bush was grateful for the invitation to the Republican National Convention,” said […]

July 20, 2012, 8:46 pm ·

Trump renews demand for Obama records

July 19, 2012, 2:47 pm ·

BAIN attacks, $100 million in negative ads have no impact…

(White House Dossier) – Weeks of vicious attacks by the Obama campaign assailing Mitt Romney’s character and making questionable charges about his stewardship of Bain Capital have yielded the following result: the latest national poll, released by the New York Times, shows Romney with a slight edge. With little record to run on, an economy […]

July 19, 2012, 1:51 pm ·

CLAIM: ‘Drones Will Dominate Skies’ by 2015…

July 19, 2012, 1:48 pm ·

Grocery bills on rise as corn prices near record highs…

(Smart Money) – Corn prices are nearing the record highs of last summer as the U.S. Midwest suffers its worst drought since 1956. Shoppers should expect higher grocery bills, because corn is used in three-quarters of supermarket products. “A 50% increase in the price of corn tends to raise total shopping bills by about 1%,” […]

July 19, 2012, 1:46 pm ·

Home sales drop 5.4%, fewest since October…

(AP) – Americans bought fewer homes in June than May, indicating the weak economy could make a modest housing recovery choppy. The National Association of Realtors said Thursday that sales of previously occupied homes fell 5.4 percent in June to a seasonally adjusted annual rate of 4.37 million homes. That’s the fewest since October. Sales […]

July 19, 2012, 1:43 pm ·

REPORT: Foreclosure crisis hits older blacks, Hispanics hardest…

(CNBC) – More than 1.5 million older Americans already have lost their homes, with millions more at risk as the national housing crisis takes its toll on those who are among the worst positioned to weather the storm, a new AARP report says. “The Great Recession has been brutal for many older Americans,” said Debra […]

July 19, 2012, 1:40 pm ·

BAD TO WORSE…

(CNBC) – The number of Americans filing new claims for unemployment benefits rebounded last week, pushing them back to levels consistent with modest job growth after a seasonal quirk caused a sharp drop the prior period. Initial claims for state unemployment benefits increased 34,000 to a seasonally adjusted 386,000, the Labor Department said on Thursday. […]

July 19, 2012, 1:37 pm ·

US PARTNERS WITH MEXICO TO BOOST FOOD STAMP ROLLS

(Daily Caller) – The Mexican government has been working with the United States Department of Agriculture to increase participation in the Supplemental Nutrition Assistance Program (SNAP), or food stamps. USDA has an agreement with Mexico to promote American food assistance programs, including food stamps, among Mexican Americans, Mexican nationals and migrant communities in America. “USDA […]

July 19, 2012, 1:35 pm ·
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