In all his years and all his experience of the desperation of the European Union’s leadership “never did [he] think they would resort to stealing money from people’s savings accounts.”
“If we started in 1960, and we said [that] as productivity goes up … then the minimum wage was going to go up the same … if that were the case, the minimum wage today would be about $22 an hour,” the senator said, at a recent Education, Labor and Pensions Committee hearing on “Keeping up with a Changing Economy: Indexing the Minimum Wage.”
The current minimum wage is $7.25 per hour. Ms. Warren wondered, in a YouTube video of the hearing posted by her staff: “What happened to the other $14.75?”
She answered her own question: “It sure didn’t go to the worker.”
The government not only has a right to regulate the American people, but regulation is really the key to the country’s success, Democratic Sen. Elizabeth Warren said on Thursday.
“It’s thanks to federal agencies that no one has to worry that those white pills are baking soda instead of antibiotics or that the paint on the baby’s crib is laced with lead,” she said, in prepared remarks reported in Politico.
Absolutely, if I’m running a company making drugs or baby cribs I want to kill my customers and the only thing stopping me from doing that is the Federal Government. Because, God Knows, there wouldn’t be any negative consequences from the marketplace or local courts. And unemployment for beginning (new worker) or high schoolers is 50-60% Now! Raise the minimum wage 300% and who would hire anyone not already in possession of extensive (job) experience and skills.
This Loon is the best and brightest that Massachusetts can find to send to Washington D.C. in these tough times?
I’m done voting in this state, it’s worse than pissing in the ocean. It makes me feel dirty.
Bike riding to the nth degree. Take a deep breath and remember to breathe.
Doug
One of the craziest downhill mountain bike races you will ever experience. Check out the first person view from Marcelo’s Contour+2.
The most crowded urban downhill race ever, insane track, sweet stair gaps, huge jumps, high speed sections, tight sections is what Valparaiso Cerro Abajo 2013 was all about.
So stoked about winning, was definitely a tight race, also a tough one. Race times were close and such a good number of top riders went to this event.
Honestly I was struggling with my fear during practice, looking at all those huge jumps; jumps without safety decks were making me have a hard time specially knowing that the WC season is coming soon.
Thanks to everybody who helped me win this race, special thanks to RedBull Chile, Giant Chile, Tiago Souza, Julio and Victor VCA for the invitation.
Ps. Check out how I almost died on the last wall ride, landing over the right edge.
Cyprus needed 17 billion Euros in bailout. EU approved 10 billion and requested Cyprus to take some of the money directly from people that have deposits in their banks
I actually didn’t completely believe this story until I finally was able to find it confirmed at BBC on-line.
Depositors will be compensated with the equivalent amount in shares in their banks. (Shares intheir bankrupt banks that is...)
Update:
Banking Chief Calls For 15% Looting of Italians’ Savings
However, the scale of the robbery could have been far higher. As Zero Hedge reports, “It appears that the settled-upon 9.9% haircut is a ‘good deal’ compared to the stunning 40% of (Cypriot) total deposits that Germany’s FinMin Schaeuble and the IMF demanded.”
Now that the dictatorial EU and IMF have simply set about stealing the privately accrued wealth of lifetime savers in Europe, everyone is asking one question – who’s next?
Joerg Kraemer, chief economist of the German Commerzbank, has called for private savings accounts in Italy to be similarly plundered. “A tax rate of 15 percent on financial assets would probably be enough to push the Italian government debt to below the critical level of 100 percent of gross domestic product,” he told Handelsblatt.
The South Carolina senator said he’s “had contact” with some of the survivors, calling their story “chilling.” He told Fox News that “the bottom line is they feel that they can’t come forth, they’ve been told to be quiet.”
Can a drug company be held liable for damages caused by generic drugs it didn’t produce? That’s the expansive new theory of “innovator liability” on parade in Alabama, where a recent ruling by the state Supreme Court could do damage throughout the U.S. economy.
In Wyeth Inc. et al., v. Danny Weeks et al., Mr. Weeks says he suffered from side effects from taking the generic version of an acid-reflux drug called Reglan. He sued Wyeth for fraud and misrepresentation, though the company didn’t make the drug he took and had exited the Reglan market in 2002, five years before he took it. The court ruled 8-1 that Wyeth could be held liable for injuries because the generic manufacturer couldn’t change the warnings on the product it copied.
Say it, Tort Reform. SAY IT! TORT REFORM!!! Court rulings like this take money out of the pockets of every person able to follow the instructions for the recommended dose and puts money into the pockets of idiots who don’t (and their lawyers).
Transatomic, an MIT spinoff, is developing a nuclear reactor that it estimates will cut the overall cost of a nuclear power plant in half. It’s an updated molten-salt reactor, a type that’s highly resistant to meltdowns. Molten-salt reactors were demonstrated in the 1960s at Oak Ridge National Lab, where one test reactor ran for six years, but the technology hasn’t been used commercially.
The new reactor design, which so far exists only on paper, produces 20 times as much power for its size as Oak Ridge’s technology. That means relatively small, yet powerful, reactors could be built less expensively in factories and shipped by rail instead of being built on site like conventional ones. Transatomic also modified the original molten-salt design to allow it to run on nuclear waste.
Wind Power (17th century tech) and Solar (Useless more than half the time) will never run our civilization. We owe the future better choices than we have been creating.
So, why do we still have gun massacres if there has been mandatory background checks for decades?
[Excerpts] After the slaughters at Virginia Tech, Aurora, Colo., Tucson, Ariz., and Newtown, Conn., every sentient person knows we need to do something about institutionalizing the mentally ill and — at the very least — keeping guns out of their hands.
That happens to be impossible right now. Involuntary commitments even for the severely psychotic went the way of vagrancy laws. Although federal law technically requires background checks to include records of mental illness, the states and mental health industry refuse to provide that information.
Preventing crazy people from buying guns is hard. The ACLU will sue and we’ll be tied up in lawsuits for a decade, at which point a Democrat-appointed judge will rule that including records of paranoid delusions in FBI background checks is unconstitutional.
As former federal judge H. Lee Sarokin (a Clinton appointee) might say, “We should revoke their condition, not their gun permits.”
The Democrats’ gun proposals are like the joke about the drunk looking for his keys under the lamplight:
“Is that where you dropped them?”
“No, but the light’s better here.”
The light’s better over by the sane, responsible gun owners, who wouldn’t hurt a fly — unless it’s a schizophrenic shooting up a shopping mall.
As Gramp used to say,”You don’t have to be crazy to be a Democrat, but it helps!”
Start Small…
Get used to the idea…
Then you realize, that together, you and your friends are a force to strike fear in the hearts of the liberal scum.
The administration has treated obstacles to its agenda with ruthless tactics. In April 2009, that agenda was to hand an outsized, 55 percent majority interest of embattled Chrysler to the United Auto Workers in a government-orchestrated bankruptcy. But by law secured creditors are first in line in bankruptcy, and bondholders — representing their working-class pension clients — refused to accept Obama’s unfair deal for a measly 29 cents on their investment dollar.
Send in the muscle.
“One of my clients was directly threatened by the White House and in essence compelled to withdraw its opposition to the deal under threat that the full force of the White House press corps would destroy its reputation if it continued to fight,” said Tom Lauria, lawyer for Perella Weinberg investment firm, on Frank Beckmann’s Detroit radio program. Lauria later said the brass knuckles belonged to White House Auto Task Force leader Steve Rattner. Lauria’s account was disturbing, too, in revealing the confidence that the White House has in its press allies to aid Obama’s agenda. Sure enough, Washington reporters quickly attacked the messenger. “(Lauria’s) charge is completely untrue,” White House deputy press secretary Bill Burton told ABC News’ Jake Tapper, “and there’s obviously no evidence to suggest that this happened in any way.” Actually, there was plenty of evidence. Jim Carney of Business Insider corroborated Lauria’s account, reporting that “sources familiar with the matter say that other firms felt they were threatened as well.” The White House escalated the threats when Obama himself singled out creditors for obstruction, accusing them of being “speculators” preying on an American auto icon — bullying words from a man with the IRS and SEC at his disposal.
“The sources, who represent creditors to Chrysler, say they were taken aback by the hardball tactics that the Obama administration employed to cajole them into acquiescing to plans to restructure Chrysler,” continued the Insider. “One person described the administration as the most shocking ‘end justifies the means’ group they have ever encountered.”…
“The president’s attempted diktat takes money from bondholders and gives it to a labor union that delivers money and votes for him,” wrote Cliff Asness, a managing partner at AQR Capital Management. “Shaking down lenders for the benefit of political donors is recycled corruption and abuse of power.”
“Today marks six months since the September 11, 2012 terrorist attacks on the U.S. compounds in Benghazi, Libya in which four Americans were killed, including U.S. Ambassador Christopher Stevens. Some watchdog groups, members of the media and Republican members of Congress are asking: Where are the more than two dozen U.S. personnel who survived the attack but haven’t been seen nor heard from in public since? There were also an undisclosed number of witnesses at the U.S. compounds in Tripoli but they also have not spoken publicly.”
Additionally; [Excerpts] A source familiar with material turned over to the Senate Intelligence Committee by the Obama Administration in response tells CBS News that long sought-after FBI transcripts of some survivors were included but had been “blacked out” or redacted. Three Senate Republicans including Sen. Lindsey Graham, R-S.C., say they want the survivors to be made available for interviews about what happened the night of the attacks.
CBS News has filed multiple Freedom of Information requests for Benghazi-related material, but none has been provided. Judicial Watch, a watchdog group, is suing the U.S. government in an attempt to receive some of the denied information.
What do these people know that can still hurt Obama after the election?
Is CBS getting a late developing case of journalistic ethics over their dereliction of duty last fall and will it result in their starting to tell the American people about the how this “Phone Call at 3AM” was handled by Obama/Clinton?
Troops and aircraft less than an hour away were never sent even though the battle went on for six hours.
No one woke up the President of the United States after his Ambassador (his plenipotentiary and personal representative) was killed. And was the big election fundraiser the next morning the reason?
Was a Gay man sent as a representative to an Arab, Muslim state in the throes of civil war and near anarchy?
Why was the truth and full details of the heroic deaths of two American fighting men buried with them and the people responsible for denying them support protected?
Is the truth that the Ambassador was murdered and his body desecrated, or is the fairy tale about an mob of local Arabs attempting to save him true. If so, do pigs fly?
Throughout history, poverty is the normal condition of man.
Advances which permit this norm to be exceeded -- here and there, now and then -- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as "bad luck." -- Robert A. Heinlein
Wrath Of Gnon
“In an age where the media publish endless stupidities, the cultured man is defined not by what he knows but by what he ignores.” ー Nicolás Gómez Dávila
“The energy needed to refute BS is of an order of magnitude greater than the effort needed to produce the BS in the first place. ”
On the North River 