Big Government 101: Federal Subsidies Create Glut Of College Grads - Investors.com
"A new study finds almost half of Americans with college degrees are working at jobs that don't require one.
It's the latest example of how federal subsidies are creating a massive higher-education bubble.
The study, by the Center for College Affordability and Productivity, found that an incredible 48% of college graduates — about 13 million of them — hold jobs that don't require a bachelor's degree.
About 5 million have jobs that don't even require a high school diploma."
Tuesday, January 29, 2013
Stuck in Reverse, Detroit Edges Closer to Bankruptcy
Stuck in Reverse, Detroit Edges Closer to Bankruptcy
"Signs of decline are everywhere - in a rising crime rate, streets without lights and block after block of abandoned buildings.
The murder rate of one per 1,719 people last year was more than 11 times the rate in New York City.
The jobless rate is above 18 percent, more than twice rate for the country as a whole."
"Signs of decline are everywhere - in a rising crime rate, streets without lights and block after block of abandoned buildings.
The murder rate of one per 1,719 people last year was more than 11 times the rate in New York City.
The jobless rate is above 18 percent, more than twice rate for the country as a whole."
The politics of Fitch’s credit downgrade threat
The politics of Fitch’s credit downgrade threat | NetRight Daily
"Except it has nothing to do with any sort of fiscal brinksmanship by congressional Republicans, but because the deficit is not being significantly reduced.
In its statement, Fitch wrote, “In the absence of an agreed and credible medium-term deficit reduction plan that would be consistent with sustaining the economic recovery and restoring confidence in the long-run sustainability of U.S. public finances, the current negative outlook on the ‘AAA’ rating is likely to be resolved with a downgrade later this year even if another debt ceiling crisis is averted.”"
"Except it has nothing to do with any sort of fiscal brinksmanship by congressional Republicans, but because the deficit is not being significantly reduced.
In its statement, Fitch wrote, “In the absence of an agreed and credible medium-term deficit reduction plan that would be consistent with sustaining the economic recovery and restoring confidence in the long-run sustainability of U.S. public finances, the current negative outlook on the ‘AAA’ rating is likely to be resolved with a downgrade later this year even if another debt ceiling crisis is averted.”"
10 serious downtown Muskegon plans..........
Heard on the Street: 10 serious downtown Muskegon plans, Cutler family legacy and, what's this, possible Sappi sale | MLive.com
• Downtown convention center. In the next two years, I predict that serious conversation and planning will again be under way on a modest-sized convention center space for larger gatherings and exhibitions. The owners of the Shoreline Inn are extremely interested in such a development.
• Relocation of the Farmer’s Market. Yes, that controversial idea of moving the city’s beloved market from Yuba Street to a new facility in the heart of the downtown is gaining momentum behind the scenes as fundraising for what I think is an eye-popping design is under way."
• Downtown convention center. In the next two years, I predict that serious conversation and planning will again be under way on a modest-sized convention center space for larger gatherings and exhibitions. The owners of the Shoreline Inn are extremely interested in such a development.
• Relocation of the Farmer’s Market. Yes, that controversial idea of moving the city’s beloved market from Yuba Street to a new facility in the heart of the downtown is gaining momentum behind the scenes as fundraising for what I think is an eye-popping design is under way."
Monday, January 28, 2013
University Union Wants Contract Through 2023 To Avoid Right-to-Work Law
University Union Wants Contract Through 2023 To Avoid Right-to-Work Law [Michigan Capitol Confidential]
"With a year left on its contract, the Western Michigan University's professors' union is trying to get a 9-year extension done by the March deadline that would give union members the right to not pay dues or fees as a condition of employment at the school.
That would lock everyone represented by that union into paying dues or fees until 2023."
"With a year left on its contract, the Western Michigan University's professors' union is trying to get a 9-year extension done by the March deadline that would give union members the right to not pay dues or fees as a condition of employment at the school.
That would lock everyone represented by that union into paying dues or fees until 2023."
Pontiac residents to pay $141 sanitation fee
Pontiac residents to pay $141 sanitation fee | Crain's Detroit Business
" A city official says Pontiac is issuing a $141.59-per-household sanitation fee on winter tax bills.
Finance Director John Naglick told The Oakland Press that the fee is necessary because of a shortfall in the sanitation fund and the city's shrinking tax base.
He said it's "really indicative of the fact that our taxable value has fallen so greatly in Pontiac, so we're not bringing in enough from the sanitation millage to cover the $4.4 million in expenses.""
" A city official says Pontiac is issuing a $141.59-per-household sanitation fee on winter tax bills.
Finance Director John Naglick told The Oakland Press that the fee is necessary because of a shortfall in the sanitation fund and the city's shrinking tax base.
He said it's "really indicative of the fact that our taxable value has fallen so greatly in Pontiac, so we're not bringing in enough from the sanitation millage to cover the $4.4 million in expenses.""
World is right to worry about US debt
World is right to worry about US debt - FT.com
"For example, as its share of global gross domestic product shrinks from about 20 per cent today to as little as 10 per cent in five decades, should it try to continue to play the role of global policeman?
The US spends more than 4 per cent of GDP a year on defence, roughly twice the global average."
"For example, as its share of global gross domestic product shrinks from about 20 per cent today to as little as 10 per cent in five decades, should it try to continue to play the role of global policeman?
The US spends more than 4 per cent of GDP a year on defence, roughly twice the global average."
Big Labor is in big trouble
Big Labor is in big trouble | NetRight Daily
"The stunning drop in private sector labor union membership over the past ten years parallels organized labor’s decision to engage in massive political expenditures designed to elect supposed pro-labor candidates to office."
"The stunning drop in private sector labor union membership over the past ten years parallels organized labor’s decision to engage in massive political expenditures designed to elect supposed pro-labor candidates to office."
Fannie To Allow Walkaways by On-Time Borrowers: Mortgages
Fannie To Allow Walkaways by On-Time Borrowers: Mortgages - Bloomberg
Fannie Mae (FNMA) and Freddie Mac will let some borrowers who kept up payments as their homes lost value erase their debts by giving up the properties, helping Americans escape underwater loans while adding to losses at the mortgage giants bailed out with $190 billion of taxpayer money.
Non-delinquent borrowers with illness, job changes or other reasons they need to move will become eligible in March to apply for a so-called deed-in-lieu transaction that erases the shortfall between a property’s value and the size of its mortgage.
Beatles Tribute Band Invades Muskegon
Beatles Tribute Band Invades Muskegon
"The American Red Cross is pleased to welcome 1964: The Tribute to Muskegon on Friday, February 15, 2013.
The world’s best Beatles tribute band will take their audience on a fantastic trip back to the era of the rock legends who will live in our hearts forever.
This trip down memory lane (or is it Penny Lane?) will start at 8:00 p.m. at the Frauenthal Theater in downtown Muskegon.
Tickets are available at the Frauenthal Box Office or by telephone at 1-800-585-3737 or any Star Tickets Outlet or online at www.startickets.com. Tickets are $29.50."
"The American Red Cross is pleased to welcome 1964: The Tribute to Muskegon on Friday, February 15, 2013.
The world’s best Beatles tribute band will take their audience on a fantastic trip back to the era of the rock legends who will live in our hearts forever.
This trip down memory lane (or is it Penny Lane?) will start at 8:00 p.m. at the Frauenthal Theater in downtown Muskegon.
Tickets are available at the Frauenthal Box Office or by telephone at 1-800-585-3737 or any Star Tickets Outlet or online at www.startickets.com. Tickets are $29.50."
Right-To-Work Income Claims Proven Wrong
Right-To-Work Income Claims Proven Wrong [Michigan Capitol Confidential]
Scores of right-to-work critics ranging from politicians to economists have cited lower per-capita incomes in right-to-work states as why the new law is not good for Michigan.
However, not factoring in cost-of-living exposes a flaw in that analysis, said Mackinac Center for Public Policy Fiscal Analyst James Hohman.
Once that is considered, Hohman said the per-capita income is higher in right-to-work states than non-right-to-work states
Scores of right-to-work critics ranging from politicians to economists have cited lower per-capita incomes in right-to-work states as why the new law is not good for Michigan.
However, not factoring in cost-of-living exposes a flaw in that analysis, said Mackinac Center for Public Policy Fiscal Analyst James Hohman.
Once that is considered, Hohman said the per-capita income is higher in right-to-work states than non-right-to-work states
Sunday, January 27, 2013
Pakistani fertilizer firm to expand in U.S., but balks on controlling bomb materials
Pakistani fertilizer firm to expand in U.S., but balks on controlling bomb materials - Washington Times
"The Indiana Finance Authority has approved $1.27 billion in tax-exempt bonds for Midwest Fertilizer Corp. to build a nitrogenous fertilizer manufacturing plant in Posey County.
Midwest is a new startup company of the Fatima Group, a conglomerate headquartered in Lahore, Pakistan.
Fatima’s fertilizer components are used by terrorists in Pakistan and Afghanistan to build homemade bombs — the No. 1 killer of American service members in Afghanistan."
"The Indiana Finance Authority has approved $1.27 billion in tax-exempt bonds for Midwest Fertilizer Corp. to build a nitrogenous fertilizer manufacturing plant in Posey County.
Midwest is a new startup company of the Fatima Group, a conglomerate headquartered in Lahore, Pakistan.
Fatima’s fertilizer components are used by terrorists in Pakistan and Afghanistan to build homemade bombs — the No. 1 killer of American service members in Afghanistan."
If Hillary does not run, liberals will stage a massive draft movement for Elizabeth Warren
If Hillary does not run, liberals will stage a massive draft movement for Elizabeth Warren - The Hill's Pundits Blog
"In my last column I suggested that if she runs for president, which I believe is an 80 percent probability, Hillary Clinton would have a great chance to carry Texas and could well trigger a historical political realignment of Rooseveltian magnitude.
I now predict that if Hillary choses not to run in 2016, which is certainly possible, liberals will begin a gigantic movement to draft Sen. Elizabeth Warren (D-Mass.) to run for president on a platform that will offer a reformist program of the magnitude that Franklin Roosevelt proposed and implemented."
"In my last column I suggested that if she runs for president, which I believe is an 80 percent probability, Hillary Clinton would have a great chance to carry Texas and could well trigger a historical political realignment of Rooseveltian magnitude.
I now predict that if Hillary choses not to run in 2016, which is certainly possible, liberals will begin a gigantic movement to draft Sen. Elizabeth Warren (D-Mass.) to run for president on a platform that will offer a reformist program of the magnitude that Franklin Roosevelt proposed and implemented."
Global Warming Updates:
COMMON CENTS: Global Warming Updates:
"These Global Warming Updates or Global Warming Alerts are not for the faint of heart. "
"These Global Warming Updates or Global Warming Alerts are not for the faint of heart. "
Rick Haglund: Pressure to enact right-to-work laws mounting in almost every Great Lakes state
Rick Haglund: Pressure to enact right-to-work laws mounting in almost every Great Lakes state | MLive.com
"Even Ontario is engaged in a noisy debate over right to work, which outlaws labor contracts that require workers to pay union dues as a condition of employment."
"Even Ontario is engaged in a noisy debate over right to work, which outlaws labor contracts that require workers to pay union dues as a condition of employment."
Panel discusses how to handle fiscal crisis
Panel discusses how to handle fiscal crisis | Washington Free Beacon
"Norquist blasted the illusion of economic growth created by Keynesian economics, comparing it to moving a bucket of water from one end of a pond to another.
He said liberals must know that these policies do not work.
“They’re not stupid. They’re lying,” he said.
“They may also be stupid,” Furchtgott-Roth retorted."
"Norquist blasted the illusion of economic growth created by Keynesian economics, comparing it to moving a bucket of water from one end of a pond to another.
He said liberals must know that these policies do not work.
“They’re not stupid. They’re lying,” he said.
“They may also be stupid,” Furchtgott-Roth retorted."
Obama: Tough call on letting a son play football
Obama: Tough call on letting a son play football - Yahoo! News:
" President Barack Obama is a big football fan with two daughters, but if he had a son, he says he'd "have to think long and hard" before letting him play because of the physical toll the game takes.
"I think that those of us who love the sport are going to have to wrestle with the fact that it will probably change gradually to try to reduce some of the violence," Obama tells The New Republic.
"In some cases, that may make it a little bit less exciting, but it will be a whole lot better for the players, and those of us who are fans maybe won't have to examine our consciences quite as much.""
" President Barack Obama is a big football fan with two daughters, but if he had a son, he says he'd "have to think long and hard" before letting him play because of the physical toll the game takes.
"I think that those of us who love the sport are going to have to wrestle with the fact that it will probably change gradually to try to reduce some of the violence," Obama tells The New Republic.
"In some cases, that may make it a little bit less exciting, but it will be a whole lot better for the players, and those of us who are fans maybe won't have to examine our consciences quite as much.""
Boomtown: Lamborghini Moves North American HQ to D.C. Region
Boomtown: Lamborghini Moves North American HQ to D.C. Region
"n a disturbing indicator of how wealthy the D.C. political class is becoming by extracting taxpayer money from the rest of the country, Lamborghini moved its North American headquarters to the D.C. region because it saw the city as having the most potential for growth."
"n a disturbing indicator of how wealthy the D.C. political class is becoming by extracting taxpayer money from the rest of the country, Lamborghini moved its North American headquarters to the D.C. region because it saw the city as having the most potential for growth."
U.S. Postal Service rate hikes take effect as agency flirts with insolvency
U.S. Postal Service rate hikes take effect as agency flirts with insolvency | MLive.com
"Starting Sunday, the following types are mail are rising in cost by one cent:
• A one-ounce letter sent with a first-class stamp is going from 45 cents to 46 cents.
• Postcard postage will rise from 32 cents to 33 cents.
• One-ounce letters to international destination are rising to $1.10, which is up from 85 cents to send a letter to Canada and Mexico, and $1.05 to other places."
"Starting Sunday, the following types are mail are rising in cost by one cent:
• A one-ounce letter sent with a first-class stamp is going from 45 cents to 46 cents.
• Postcard postage will rise from 32 cents to 33 cents.
• One-ounce letters to international destination are rising to $1.10, which is up from 85 cents to send a letter to Canada and Mexico, and $1.05 to other places."
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