Pension Pulse: Oh Canada! All Eyes Down South!
"Canada's economic recovery, which appeared so strong earlier this year, seems to have hit a rough patch.
The country's gross domestic product was unchanged in April from the month before, Statistics Canada said Wednesday.
Economists were expecting 0.2 per cent growth in GDP for the month.
That compared to a 0.6-per-cent GDP expansion in March.
It marked the first time in eight months that the Canadian economy did not expand and comes on the heels of 6.1- per-cent annualized growth in the first quarter of this year, the strongest expansion in more than a decade.
Statistics Canada said there was a 'large decline' in the retail sector in April, and lesser contractions in manufacturing and utilities, which were offset by gains in mining, wholesale, the public sector and construction."
Friday, July 02, 2010
Health overhaul may mean longer ER waits, crowding
Health overhaul may mean longer ER waits, crowding
"– Emergency rooms, the only choice for patients who can't find care elsewhere, may grow even more crowded with longer wait times under the nation's new health law.
That might come as a surprise to those who thought getting 32 million more people covered by health insurance would ease ER crowding.
It would seem these patients would be able to get routine health care by visiting a doctor's office, as most of the insured do.
But it's not that simple."
"– Emergency rooms, the only choice for patients who can't find care elsewhere, may grow even more crowded with longer wait times under the nation's new health law.
That might come as a surprise to those who thought getting 32 million more people covered by health insurance would ease ER crowding.
It would seem these patients would be able to get routine health care by visiting a doctor's office, as most of the insured do.
But it's not that simple."
Thursday, July 01, 2010
AG's Office Knew About Hangar42 Months Ago
G.R. Press: AG's Office Knew About Hangar42 Months Ago [Mackinac Center]
"Attorney General Mike Cox's office knew about concerns regarding the Hangar42 film studio as early as February, according to a story in today's Grand Rapids Press.
Cox, however, did not officially announce an investigation of the film subsidy deal until a day after being called on to do so by Mackinac Center Legal Foundation Director Patrick J. Wright."
"Attorney General Mike Cox's office knew about concerns regarding the Hangar42 film studio as early as February, according to a story in today's Grand Rapids Press.
Cox, however, did not officially announce an investigation of the film subsidy deal until a day after being called on to do so by Mackinac Center Legal Foundation Director Patrick J. Wright."
The Dodd-Frank Financial Fiasco
John B. Taylor: The Dodd-Frank Financial Fiasco - WSJ.com
"The sheer complexity of the 2,319-page Dodd-Frank financial reform bill is certainly a threat to future economic growth.
But if you sift through the many sections and subsections, you find much more than complexity to worry about.
The main problem with the bill is that it is based on a misdiagnosis of the causes of the financial crisis, which is not surprising since the bill was rolled out before the congressionally mandated Financial Crisis Inquiry Commission finished its diagnosis."
"The sheer complexity of the 2,319-page Dodd-Frank financial reform bill is certainly a threat to future economic growth.
But if you sift through the many sections and subsections, you find much more than complexity to worry about.
The main problem with the bill is that it is based on a misdiagnosis of the causes of the financial crisis, which is not surprising since the bill was rolled out before the congressionally mandated Financial Crisis Inquiry Commission finished its diagnosis."
Wednesday, June 30, 2010
Spend, Baby, Spend!
Spend, Baby, Spend! - Reason Magazine
"Not long ago, President Barack Obama ordered the creation of a commission that would report back to him with policy recommendations on cutting the federal deficit.
And as great leaders throughout history have proved, the most effective way to tend to any intergenerational crisis is to create a bipartisan commission to study it—but only after midterm elections.
You, the public, are only asked to suspend your disbelief and accept that the president is deeply worried about the deficit, the huge national debt, and the federal spending explosion.
As a candidate, after all, the president assured us that he would scour the budget 'line by line' for any wasteful spending, yet today we've seen the national debt climb to $13 trillion, and federal spending is nearly 25 percent of gross domestic product.
Washington likely will spend $1.56 trillion more than it took in last year—putting the Bush administration to shame."
"Not long ago, President Barack Obama ordered the creation of a commission that would report back to him with policy recommendations on cutting the federal deficit.
And as great leaders throughout history have proved, the most effective way to tend to any intergenerational crisis is to create a bipartisan commission to study it—but only after midterm elections.
You, the public, are only asked to suspend your disbelief and accept that the president is deeply worried about the deficit, the huge national debt, and the federal spending explosion.
As a candidate, after all, the president assured us that he would scour the budget 'line by line' for any wasteful spending, yet today we've seen the national debt climb to $13 trillion, and federal spending is nearly 25 percent of gross domestic product.
Washington likely will spend $1.56 trillion more than it took in last year—putting the Bush administration to shame."
National debt soars to highest level since WWII
National debt soars to highest level since WWII - On Politics: Covering the US Congress, Governors, and the 2010 Election - USATODAY.com
"The federal debt will represent 62% of the nation's economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office."
And the future seemed great then!
Does it seem great today?
"The federal debt will represent 62% of the nation's economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office."
And the future seemed great then!
Does it seem great today?
Firing Public Union Workers Creates Jobs
Mish's Global Economic Trend Analysis: Firing Public Union Workers Creates Jobs
"Public unions in New Haven, Connecticut have not yet gotten the message that business-as-usual no longer flies.
I am quite happy with that because the city responded by dumping public workers and privatizing services, and that is exactly what needs to happen.
Firing public union workers actually creates jobs."
check it out!
"Public unions in New Haven, Connecticut have not yet gotten the message that business-as-usual no longer flies.
I am quite happy with that because the city responded by dumping public workers and privatizing services, and that is exactly what needs to happen.
Firing public union workers actually creates jobs."
check it out!
2nd man killed in alleged South Knox County burglary
2nd man killed in alleged South Knox County burglary ID'd » Knoxville News Sentinel
"Both of the men killed during an alleged South Knox County home burglary Sunday night had criminal records, according to the Knox County Sheriff's Office."
Our world is a better place!
"Both of the men killed during an alleged South Knox County home burglary Sunday night had criminal records, according to the Knox County Sheriff's Office."
Our world is a better place!
Police Reopen Sex Abuse Case Against Al Gore KPTV Portland
"Portland police have reopened the case regarding sex abuse allegations made in 2006 against former Vice President Al Gore."
Seems to me it started back with this thug-kiss....
Jobs Market Barely Budges in June as Hiring Stays Weak
Jobs Market Barely Budges in June as Hiring Stays Weak - CNBC
"It also supported fears that the short and tepid recovery from the worst recession since the 1930s was fizzling.
'There is really no way to characterize this number other than disappointing,'"
Wow!
Spending $trillions dollars on political pork and attacking business owners with new taxes and regulations didn't increase employees!
Who'd of guessed?
"It also supported fears that the short and tepid recovery from the worst recession since the 1930s was fizzling.
'There is really no way to characterize this number other than disappointing,'"
Wow!
Spending $trillions dollars on political pork and attacking business owners with new taxes and regulations didn't increase employees!
Who'd of guessed?
Where Did the Tea-Party Anger Come From?
Works and Days » Where Did the Tea-Party Anger Come From?
"Why is the Angry Public so Angry?
I think we all know why the Tea Party movement arose—and why even the polls do not quite reflect the growing generic anger at incumbents in general, and our elites in particular.
There is a growing sense that government is what I would call a new sort of Versailles—a vast cadre of royal state and federal workers that apparently assumes immunity from the laws of economics that affect everyone else."
"Why is the Angry Public so Angry?
I think we all know why the Tea Party movement arose—and why even the polls do not quite reflect the growing generic anger at incumbents in general, and our elites in particular.
There is a growing sense that government is what I would call a new sort of Versailles—a vast cadre of royal state and federal workers that apparently assumes immunity from the laws of economics that affect everyone else."
FBI: Spies Hid Secret Messages on Public Websites
FBI: Spies Hid Secret Messages on Public Websites Danger Room Wired.com
"Steganography is simultaneously one of the oldest methods for secret communications, and one of the more advanced.
The process dates back to the fifth century B.C., when the Greek tyrant Histiaeus shaved the head of one of his servants, tattooed a message on his head, and waited for his hair to grow back before sending the messenger out.
When the courier arrived, his head was shaved and the missive was read, giving information about upcoming Persian attacks."
"Steganography is simultaneously one of the oldest methods for secret communications, and one of the more advanced.
The process dates back to the fifth century B.C., when the Greek tyrant Histiaeus shaved the head of one of his servants, tattooed a message on his head, and waited for his hair to grow back before sending the messenger out.
When the courier arrived, his head was shaved and the missive was read, giving information about upcoming Persian attacks."
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