Obama to address gas prices, pitch energy policy
• By JIM KUHNHENNPresident Barack Obama is confronting Americans' anxiety over rising gasoline prices by drawing attention to his energy policies and taking credit for rising oil and gas production.
Contents Pages by Subject
Economy - Economics USA
BP Exits California
• Ngoc NguyenAs political maneuvering continues over the fate of the controversial proposed Keystone XL pipeline, one of the world's largest energy companies -- BP -- is already signaling the direction it plans to take:
How the Hell Does the Dow Break 13,000?
• by Staff ReportDow crosses 13,000 for first time since May 2008 ... Market sentiment was boosted by news that euro zone finance ministers secured a deal that will enable Greece to avoid a March default.
Could Higher Gas Pump Prices Leave Obama Running On Empty?
• by Frank JamesRising gasoline prices and their potential to hurt President Obama's re-election chances have gotten recurrent journalistic attention during his presidency.
Stocks Rise, Led by Materials; Dow Hits 13,000
• www.cnbc.comStocks gained Tuesday, with the Dow briefly breaking above the psychologically-important 13,000 level for the first time in almost four years, led by gains in materials and as investors cheered the Greek deal.
For boomers, it's a new era of 'work til you drop'
• Associated PressWhen Paula Symons joined the U.S. workforce in 1972, typewriters in her office clacked nonstop, people answered the telephones and the hot new technology revolutionizing communication was the fax machine.
Overspending on National Security Threatens National Security
• Ron PaulThe administration recently released its 2013 budget proposal, and conservatives are correctly alarmed that it calls for unprecedented spending and continued annual deficits exceeding $1 trillion. But the same conservatives complain that the budget d
Where To Wait Out the Great Correction
• by Bill BonnerTired of running out of time and money? Scrimping and saving just to make ends meet?
Prices of Mortgage-Backed Securities Prove Irresistible
• By AZAM AHMEDThe attraction is the price. Some mortgage bonds are so cheap that even in the worst forecasts
Mortgage Foreclosure Settlement: Who Pays? Taxpayers?
• by Amanda LangTaxpayers to pay banks 'incentive' to write mortgages down. How can this be punishment for criminal acts?
Shared Economic Theology Causes Stagnation, Suffering
• by Robert CoganThe Crash of 2007 -- 2010 destroyed $10 - $13 trillion of household wealth. Then "job creators" destroyed 8.5 million jobs.
The Truth About Long-Term Unemployment In America
• Abby Rogers, Gus Lubin and Vivian GiangMost people don't understand how someone could fail to find a job for over a year unless he was lazy or somehow defective.
Obama Pushes Plan To Boost American Manufacturing
• By Jason PaurPresident Obama, standing before a long line of 787 Dreamliners at the Boeing factory here, pushed a proposal to boost sales of American products by enhancing funding for U.S. exporters competing with foreign firms.
This Is The Face Of Someone Who Doesn't Give A $%&
• Joe WeisenthalRemember when Tim Geithner came to DC a few years ago?
Big Bucks Attract High School Grads To Silver Mining
• NPRThis spring, some high school grads in western states have good job prospects. Metal prices, combined with a shortage of miners, means companies are hiring. Some teens are opting not to go to college, and instead are heading underground.
Does The Strengthening Economy Still Need Congress?
• by Marilyn GeewaxCongress is poised to approve legislation to continue a payroll tax holiday and extend benefits for the long-term unemployed.
This Is Paul Krugman's Massive Presentation On The Welfare State And The US Economy
• Simone FoxmanThere are few economists who have written as extensively or as persuasively about income inequality and the welfare state as Paul Krugman.
The long arm of Uncle Sam got longer
• www.sovereignman.comThis one’s hot off the presses. Just yesterday, our friends at the Financial Crimes Enforcement Network (FinCEN) issued a press release on its latest ruling related to foreign ‘money service businesses (MSBs).’
Texas Is Awesome And These Charts Show Why
• Simone Foxman"Don't mess with Texas," warn some Texans. You definitely can't mess with the strength of its economy.
Today on LewRockwell.com
• LewRockwell.comHow To Tame the Federal Beast, Put a game-changer in the White House, says Andrew Napolitano / Should Ron Paul Go 3rd-Party?, Justin Raimondo / One Ring To Rule the World / Human Rights Violator Lectures the Globe / Sick Dinosaur on Life Support
Greeks direct cries of pain at Germany
• www.ft.comRioters burn the German flag in street protests. A demonstrator defaces the façade of the Bank of Greece, the central bank, so that it reads “Bank of Berlin”.
Obama On Failed Promise To Cut Deficit In Half: "Recession Turned Out To Be A Lot Deeper"
• www.realclearpolitics.comIn an interview with Atlanta's local Fox affiliate WAGA-TV President Obama explains why he was unable to cut the deficit in half in his first term, a promise he made as a candidate.
ART CASHIN: The Unemployed Are Now Going On Disability And It's Costing The Government Billions
• www.businessinsider.comThe topic was unemployment or, more specifically, where do those people go who have stopped looking for work. Their absence is credited with distorting the unemployment rate and making it lower than most expect or believe.
Warren Buffett's Straw Man Argument Ignores One Fundamental Trend
• www.businessinsider.comFor value investors of a certain age (e.g. mine), discovering that Warren Buffett could be wrong is like suddenly not believing in Father Christmas
Here's Why The GM Turnaround Is Failing
• www.businessinsider.comThe American Auto industry—an industry that’s been the proud symbol of America’s manufacturing might for a century, an industry that helped to build our middle class—is once again on the rise.”
20 Things We Can Learn About The Future Of America From The Death Of Detroit
• theeconomiccollapseblog.comDetroit, you better be ready to fight because there are hordes of desperate criminals that are quite eager to take literally everything that you have got. But don't look down on Detroit too much, because what is happening in Detroit will soon be hap
GOP critics hit Obama's $3.8 trillion budget
• Associated PressTreasury Secretary Timothy Geithner told Congress Tuesday that the president's new $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation's wealthiest families and the alternative would be to seek more painful cuts in othe
Gas prices' earliest-ever rise above $3.50 a bad sign for motorists
• www.mcall.comAmerican motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year.
Obama seeks tax credit for NY's World Trade Center
• ReutersTransportation upgrades for New York's World Trade Center rebuilding would get a $200 million tax credit under President Obama's budget plan proposed, providing support to finish this aspect of the long-delayed project. The annual tax credit for l
Read The Memo From Pepsi's HR Department Cutting 401(k) Benefits
• www.businessinsider.comAt the same time, PepsiCo reduced the money it puts by for "pension and retiree medical plan contributions" by $1.4 billion, according to its most recent cashflow statement. The company told us:
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