Via The Economist, one thing EVERYONE can agree on: Cranberry Sauce.
Via CNSNews.com (audio at link)
On his radio program Wednesday, Levin said:
“[President Obama] says he wants to take – and this is his starting point – $1.6 trillion dollars out of the hands of the private sector. And the private sector is what hires and employs most people in this country, and creates wealth in this country. Not Obama.
“$1.6 trillion dollars over 10 years out of the private sector and give it to the government. In addition to the every year, almost $1 trillion dollars in that stimulus bill that just goes on each year. In addition to the increases across the budgets- the nonexistent budgets, but the budgets for the different departments- every single year.“We’re gonna collapse. We won’t have to worry about the rich; we won’t have to worry about the middle-class. There’ll be no class, because there’ll be no wealth.
The great Marc Faber has come out and said the global markets are going to collapse in 5-10 years. If you care at all about your kids future, you better wake up.
Here are some Flag Day facts from Historian Doug Wead.
Great video from Reason on the obesity problem in America.
In May 2012, an HBO documentary and a Washington conference, both named “The Weight of the Nation,” made the case for government intervention in your workout, your workplace and your kid’s lunchbox. They argue that lack of individual willpower is not to blame for obesity, and that it will take a serious government overhaul to shrink waistlines on a national scale.
“It’s an access issue. We live in an obesogenic environment,” says Dr. Lisa Santora, chief medical officer of Southern California’s Beach Cities Health District. President Obama agrees. He has already bundled $15 billion in with his healthcare reform bill, and we’ve seen government programs intervening in nutrition time and time again.
So far, the programs haven’t worked out too well.
“The research shows that we haven’t been very good at trying to, through government, control obesity,” says Cal Poly economics professor Michael Marlow. He says that even when the government realizes that their solutions don’t work, they will only try more aggressive regulations that will further impend on your freedom to choose whatever you want on the menu.
Predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis, according to a new study published in the American Sociological Review. Predatory lending typically refers to loans that carry unreasonable fees, interest rates and payment requirements.
Predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis, according to a new study published in the American Sociological Review.
Predatory lending typically refers to loans that carry unreasonable fees, interest rates and payment requirements.
Poorer minority areas became a focus of these practices in the 1990s with the growth of mortgage-backed securities, which enabled lenders to pool low- and high-risk loans to sell on the secondary market, Professor Douglas Massey of the Woodrow Wilson School of Public and International Affairs at Princeton University and PhD candidate Jacob Rugh, said in their study.
The financial institutions likely to be found in minority areas tended to be predatory — pawn shops, payday lenders and check cashing services that “charge high fees and usurious rates of interest,” they said in the study.
“By definition, segregation creates minority dominant neighborhoods, which, given the legacy of redlining and institutional discrimination, continue to be underserved by mainstream financial institutions,” the study says.
Redlining is the practice of denying or increasing the cost of services, such as banking and insurance, to residents in specific areas, often based on race.
The U.S. economy is still struggling with the effects of its longest recession since the 1930s, which was triggered in large part by the housing crisis, which was in part triggered by the crash of the subprime loan market.
Subprime lending refers to loans made to consumers with poor credit and others considered higher risk. They tend to have a higher interest rate than traditional loans.
The study, which used data from the 100 largest U.S. metropolitan areas, found that living in a predominantly African-American area, and to a lesser extent Hispanic area, were “powerful predictors of foreclosures” in the nation.
Even African-Americans with similar credit profiles and down-payment ratios to white borrowers were more likely to receive subprime loans, according to the study.