Archive for the ‘Insanity’ Category
Bill Nye: ‘We need carbon tax to redistribute wealth…need gov’t to run things…everyone else should shut up’ …
Mysterious forces were trying their best, but they couldn’t keep the stock market from swooning Wednesday.
They failed in the morning, despite massive purchases of stock index futures contracts. Within minutes of the market’s opening, the Dow Jones industrial average was down 350 points. Later in the day — after a lot of shocking ebb and flow — the Dow bottomed out with a decline of 460 points.
It was only in the last hour of trading that the market saviors managed to trim the Dow loss to just 173 points. And they succeeded only after Janet Yellen’s private, upbeat remarks about the economy were leaked.
Welcome to a new kind of stock market — one that the average investor should refuse to be invested in.
Anyone whose investments tightly track the major indices is now losing money since the beginning of 2014. The Dow is down 1.1 percent on the year, with the S&P and Nasdaq up 3 percent for 2014.
Just for the record, I’ve been telling you for years that the stock market was in a bubble and that you should enjoy it while it lasts because bubbles always pop.
Of course, if you could time the end of the bubble, you’d be doing quite well. Miss the end and you are back to where you started. Or worse off in terms of confidence and finances.
The survey, conducted this past week, found that 40 percent of Americans now work more than 40 hours per week, including nine percent who work more than 50 hours per week.
Last May, Rasmussen found that 33 percent of Americans worked more than 40 hours per week, including 11 percent who worked more than 50 hours weekly. The most recent survey suggests that, in just seven months, the number of Americans working more than 40 hours per week has increased.
According to the survey published Friday, 28 percent of Americans now work less than 40 hours per week, which is a drop of six points from 34 percent in the May survey.
The survey of 623 employed adults had a margin of sampling error of +/- three percentage points with a 95 percent level of confidence.
In a Rasmussen survey released in November, Americans were found to be more pessimistic about the U.S. job market than they have been in nearly two years.
Of the 1,000 adults surveyed, just 19 percent believed the job market is better than it was one year ago, a decline of six points from September and the lowest finding since December of 2011.
As thousands of state residents enroll in Washington’s expanded Medicaid program, many will be surprised at fine print: After you’re dead, your estate can be billed for ordinary health-care expenses. State officials are scrambling to change the rule.
As the investigation into the shooting at Arapahoe High School continues, law enforcement officials stress that the presence of an armed guard in the school “was the key factor in preventing more deaths and injuries.”
A new report released from the Administrative Conference of the United States (ACUS) has found that the Obama Administration delayed enacting regulations that could adversely affect the 2012 presidential election. The ACUS is an independent agency that advises the government on regulatory matters.
Seventy-two percent of Americans say big government is a greater threat to the U.S. in the future than is big business or big labor, a record high in the nearly 50-year history of this question. The prior high for big government was 65% in 1999 and 2000. Big government has always topped big business and big labor, including in the initial asking in 1965, but just 35% named it at that time.
Mr. Mulligan is a professor of economics at the University of Chicago and the author of “The Redistribution Recession” (Oxford, 2012).
The health-care law, starting Jan. 1, will begin driving up marginal tax rates—well above 50% for many.
A new wave of redistribution will arrive in America on Jan. 1, primarily thanks to the Affordable Care Act. The president’s health-insurance plan forces those who hire, work and produce to pay full price for health care, while creating generous discounts for practically everyone else.
…In the years 2015 and beyond, full-time workers with median incomes will keep only half of the compensation created by their decisions, with the other half going to the government in the form of additional taxes and savings on subsidy payments. By keeping 50% rather than 60%, workers will find that the reward for holding a job will have fallen a damaging 17%
High hopes for Obama’s second coming in Africa – LOL, Sure, when he focuses like a laser towards something there will be results…..Just not the ones he was telling us about…
….The focus on trade and investment that President Barack Obama plans to bring to his second coming in Africa will be welcome both for the countries he is visiting this week – Senegal in the west, South Africa and Tanzania in the east – and for the US companies waking up to African economic potential.
Obama to Take Action on Global Climate Change…video after the jump. Sure the A..hole leads by example